**REGISTERED COMPANY NUMBER: 05261501 (England and Wales) REGISTERED CHARITY NUMBER: 1108840** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023** ## **FOR** ## **CALTHWAITE NURSERY** Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ **CALTHWAITE NURSERY** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|10| |**Detailed Statement of Financial Activities**||11|| ## **CALTHWAITE NURSERY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** Our objective is to provide nursery and toddler facilities to the local community including School Wrap Around facilities. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The Charity has continued to provide nursery, toddler and school wrap around care for local children in a calm home from home provision, for children to enjoy and develop within. Demand for nursery services has grown in the period and as at 31 August 2023 nursery has a waiting list for it's services. In the year the Charity appointed a new nursery manager. Additionally, the nursery was appointed the Smile4Life campaign and a garden party was held for all parents and extended families. Nursery has continued to successfully deliver childcare in the period and now has a waiting list for its services. ## **FINANCIAL REVIEW** ## **Financial position** Full details of the Charities financial performance are shown in the attached financial statements. Total income in the period was £326,145. In April 2023 nursery fees were increased to cover the increased costs of running nursery, given the inflation levels experienced. Salary costs continue to be the largest cost of running nursery and after total costs of £293,483, the Charity made a net income of £32,231. ## **Reserves policy** Cash reserves were £199,671. The Charity has a reserve policy which requires that the trustees can justify the holding of income as reserves. The Charity holds this level of reserves for several purposes, including: to fulfil its financial obligations in the event of a winding up of the charity; to reinvest in the nursery provision; and as working capital for both day to day operations and in the event that the charities income drops below average or issues in payment of government funding. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new trustees** The charity is governed by its articles of association and is incorporated as a private limited company. The Charity may by ordinary resolution appoint a person who is willing to act to be a Director. Those interested in becoming a Director are required to have an existing member give notice not less than fourteen nor more than thirty-five clear days before the date of the meeting, stating the members intention to propose the person as a Director, containing the details that, if the person were to be appointed, the Charity would have to file at Companies House; and is signed by the person who is to be proposed to show his or her willingness to be appointed. All members who are entitled to receive notice of a general meeting must be given not less than seven nor more than twenty-eight days notice of any resolution to be put to the meeting to appoint a Director. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 05261501 (England and Wales) ## **Registered Charity number** 1108840 Page 1 **CALTHWAITE NURSERY** ## **REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2023** ## **Registered office** 3 Fisher Street Carlisle Cumbria CA3 8RR ## **Trustees** Mr J C Harvey Headteacher Mrs L A Taylor (resigned 25.10.23) Dr J Vaughan Mrs G Gardner Mrs C Brough Mrs W Hancock S Howe (appointed 13.7.23) ## **Company Secretary** Dr J Vaughan ## **Independent Examiner** Luke Tattersall Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ Approved by order of the board of trustees on 11 March 2024 and signed on its behalf by: Mrs C Brough - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CALTHWAITE NURSERY** ## **Independent examiner's report to the trustees of Calthwaite Nursery ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Luke Tattersall Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ Date: ............................................. Page 3 ## **CALTHWAITE NURSERY** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
-
**Charitable activities**
Nursery
324,486
Other trading activities
2
1,320
Investment income
3
339
**Total**
326,145
**EXPENDITURE ON**
Raising funds
71
**Charitable activities**
Nursery
293,843
**Total**
293,914
**NET INCOME**
32,231
**RECONCILIATION OF FUNDS**
Total funds brought forward
171,843
**TOTAL FUNDS CARRIED FORWARD**
204,074|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-|31.8.23
Total
funds
£
-
324,486
1,320
339
326,145
71
293,843
293,914
32,231
171,843
204,074|31.8.22
Total
funds
£
318
273,349
-
9
273,676
-
233,329
233,329
40,347
131,496
171,843| |---|---|---|---| The notes form part of these financial statements Page 4 ## **CALTHWAITE NURSERY** ## **BALANCE SHEET 31 AUGUST 2023** ||||||31.8.23|31.8.22| |---|---|---|---|---|---|---| |||Unrestricted|Restricted||Total|Total| |||fund|fund||funds|funds| ||Notes|£|£||£|£| |**FIXED ASSETS**||||||| |Tangible assets|8|22,701||-|22,701|26,606| |**CURRENT ASSETS**||||||| |Debtors|9|2,468||-|2,468|1,826| |Cash at bank||199,671||-|199,671|147,929| |**CREDITORS**||202,139||-|202,139|149,755| |Amounts falling due within one year|10|(20,766)||-|(20,766)|(4,518)| |**NET CURRENT ASSETS**||181,373||-|181,373|145,237| |**TOTAL ASSETS LESS CURRENT**||||||| |**LIABILITIES**||204,074||-|204,074|171,843| |**NET ASSETS**||204,074||-|204,074|171,843| |**FUNDS**|12|||||| |Unrestricted funds|||||204,074|171,843| |**TOTAL FUNDS**|||||204,074|171,843| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 11 March 2024 and were signed on its behalf by: Mrs C Brough - Trustee The notes form part of these financial statements Page 5 **CALTHWAITE NURSERY** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold - 10% on cost Fixtures and fittings - 20% on cost and 10% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** 31.8.23 31.8.22 £ £ - Fundraising events 1,320 continued... Page 6 ## **CALTHWAITE NURSERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **3. INVESTMENT INCOME** ## **4.** |**INVESTMENT INCOME**||| |---|---|---| ||31.8.23|31.8.22| ||£|£| |Bank interest received|339|9| |**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|31.8.23
£
4,355|31.8.22
£
2,102| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022. ## **6. STAFF COSTS** The average monthly number of employees during the year was as follows: ## **7.** |Nursery
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
318
**Charitable activities**
Nursery
273,349
Investment income
9
**Total**
273,676
**EXPENDITURE ON**
**Charitable activities**
Nursery
233,329
**NET INCOME**
40,347|31.8.23

19
Restricted
fund
£
-
-
-
-
-
-|31.8.22
17
Total
funds
£
318
273,349
9
273,676
233,329
40,347| |---|---|---| continued... Page 7 ## **CALTHWAITE NURSERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** |**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||| |---|---|---|---|---|---| |||Unrestricted|Restricted||Total| |||fund|fund||funds| |||£|£||£| ||**RECONCILIATION OF FUNDS**||||| ||Total funds brought forward|131,496||-|131,496| ||**TOTAL FUNDS CARRIED FORWARD**|171,843||-|171,843| |**8.**|**TANGIBLE FIXED ASSETS**||||| ||**COST**|Short
leasehold
£|Fixtures
and
fittings
£||Totals
£| ||At 1 September 2022|84,375|66,904||151,279| ||Additions|-|450||450| ||At 31 August 2023|84,375|67,354||151,729| ||**DEPRECIATION**||||| ||At 1 September 2022|84,374|40,299||124,673| ||Charge for year|-|4,355||4,355| ||At 31 August 2023|84,374|44,654||129,028| ||**NET BOOK VALUE**||||| ||At 31 August 2023|1|22,700||22,701| ||At 31 August 2022|1|26,605||26,606| |**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||Trade debtors||31.8.23
£
(304)||31.8.22
£
226| ||Prepayments||2,772||1,600| ||||2,468||1,826| ||||||| continued... Page 8 ## **CALTHWAITE NURSERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||31.8.23|31.8.22| |---|---|---| ||£|£| |Trade creditors|316|86| |Accruals|20,450|4,432| ||20,766|4,518| ## **11. LEASING AGREEMENTS** Minimum lease payments under non-cancellable operating leases fall due as follows: |Within one year
Between one and five years
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.22
£
171,843
171,843
Incoming
resources
£
326,145
326,145
At 1.9.21
£
131,496
131,496|31.8.23
31.8.22
£
£
6,215
8,286
-
6,215
6,215
14,501
Net
movement
At
in funds
31.8.23
£
£
32,231
204,074
32,231
204,074
Resources
Movement
expended
in funds
£
£
(293,914)
32,231
(293,914)
32,231
Net
movement
At
in funds
31.8.22
£
£
40,347
171,843
40,347
171,843| |---|---|---| ## **12. MOVEMENT IN FUNDS** continued... Page 9 **CALTHWAITE NURSERY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **12. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
273,676
273,676|Resources
Movement
expended
in funds
£
£
(233,329)
40,347
(233,329)
40,347| |---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.21
£
131,496
131,496|Net
movement
in funds
£
72,578
72,578|At
31.8.23
£
204,074
204,074| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
599,821
599,821|Resources
Movement
expended
in funds
£
£
(527,243)
72,578
(527,243)
72,578| |---|---|---| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2023. Page 10 ## **CALTHWAITE NURSERY** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023** ||31.8.23|31.8.22| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|-|318| |**Other trading activities**||| |Fundraising events|1,320|-| |**Investment income**||| |Bank interest received|339|9| |**Charitable activities**||| |Nursery fees|239,780|185,456| |Grants - Nursery|84,706|87,893| ||324,486|273,349| |**Total incoming resources**|326,145|273,676| |**EXPENDITURE**||| |**Other trading activities**||| |Other costs - Events|71|-| |**Charitable activities**||| |Wages|228,559|177,306| |Insurance|842|818| |Repairs & renewals|7,752|8,331| |Light and heat|8,120|3,464| |Rent and rates|8,658|8,639| |Sundries|4,833|5,105| |Nursery costs - purchases|22,428|22,245| |Fixtures and fittings|4,355|2,103| |**Support costs**|285,547|228,011| |**Governance costs**||| |Sundries|4,846|2,662| |Accountancy fees|2,770|2,656| |Legal and professional fees|680|-| ||8,296|5,318| |Total resources expended|293,914|233,329| |**Net income**|32,231|40,347| |||| This page does not form part of the statutory financial statements Page 11 Document electronically signed www.fusesi n.com Document Details Document ID Document Bundle ID Uploaded to Fusesign Fusesign subscriber Initiator email Signed bv d286b4c8-e30a-4904-a192-22446b9e7111 099300004899-0022-fOd7-08dc589bf2cO 2024-04-09 13'.52 +00'.00 Tattersall Bailey Chartered Accountants jo.loyer@tbc.uk.com Claire Brough ladmin@firstclasskids.org.ukl, Tattersall Bailey lluke.tatter5all@tbc.uk.coml 2024-04-12 06.'46 +00..00 htt .fuse.work fusesi System finalisation Verify URL veri d286b4c8-e30a-4904-a192-22446bge7111 Document Signers Signer I Name Email Moblle IP Addressles Signed on Pages Verification Mode Unauthenticated Signer 2 Claire Brough admin@firstclasskids.org.uk N/A 148.252.141.222 ce541 Name Email Mobile IP Addressles Signed on Pages Verification Mode Unauthenticated Tattersall Bailey luke.tattersall@tbc.uk.com NIA 90.211.50.183 DOCUMENT AUDIT LOG DATE TIME 2024-04-09 13'.52 +00'.00 USER JO.LOYER@TBC.UK.COM TRANSAcfioN DOCUMENT BUNDLE CREATED BY JO LOYER IJO.LOYER@T8C.UK.COMI (SOURCE IP ADDRESS.. 176.35.139.203) EMAILS SENT TO.. ADMIN@FIRSTCLASSKIDS.ORG.UK12 DOCUMENTS- L ACTION) LINK OPENED FROM IP 148.252.141.222 DOCUMENT SIGNED.. CHARITIES REPORT 31 08 2023 IFYI-213198951.PDF- ON PAGE 41SIGNATUREID.' D06C010Tr4810-0022-CD77-08DC589C43F41 DOCUMENT SIGNED.. CHARITIES REPORT 31 08 2023 IFYI-213198951.PDF- ON PAGE 71SIGNATUREID.' D06C020CP4810-0022-CD77-08DC589C43F41 DOCUMENT SIGNED.. CHARITIES REPORT 31 08 2023 IFYI-213198951.PDF CLAIRE BROUGH HAS COMPLETED BUNDLE 09930000-4899-0022-FOD7- 080C5898F2CO PROGRESSING BUNDLE TO SIGNING GROUP 2 EMAILS SENT TO.. LUKE.TATTERSALL@TBC.UK.COM12 DOCUMENTS- I ACTIONI CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL INO 2FAI LINK OPENED FROM IP 176.35.139.203 LINK OPENED FROM IP 176.35 139.203 CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL INO 2FAI LINK OPENED FROM IP 148.252.141.222 LINK OPENED FROM IP 176.35.139.203 LINK OPENED FROM IP 148.252.141.222 AUTOMATED REMINDER SENT TO TATTERSALL BAILEY VIA LUKE.TArrERSALL@T8C.UK.COM11 ACTION) CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL INO 2FAI LINK OPENED FROM IP 90.211.50.183 DOCUMENT SIGNED.. CHARITIES REPORT 31 08 2023 IFYI-213198951.PDF- ON PAGE 5 ISIGNATUREID." D06C040Ck4810-0022-CD77-080C589C43F41 FORM FIELDS SUBMITTED FOR DOCUMENT.. CHARITIES REPORT 31 08 2023 IFYI-213198951.PDF DOCUMENT SIGNED.. CHARITIES REPORT 31 08 2023 IFYI-213198951.PDF TA￿ER$ALL BAILFI HAS COMPLETED BUNDLE 09930000-4899-0022-FOD7- 08DC5898F2CO FINALISING DOCUMENT ID286B4C&E30A-4904-A192-22446B9E71111 2024-04-09 13'.52 +00'.00 SYSTEM 2024-04-10 07..32 +00..00 2024-04-10 07..34 +00..00 CLAIRE BROUGH CLAIRE BROUGH 2024-04-10 07..34 +00..00 CLAIRE BROUGH 2024-04-10 07."34 +00..00 CLAIRE BROUGH 2024-04-10 07..34 +00..00 CLAIRE BROUGH 2024-04-10 07..34 +00..00 2024-04-10 07.'34 +00.'00 SYSTEM SYSTEM 2024-04-10 07.'59 +00..00 TATtERSALL BAILEY 2024-04-10 07..59 +00..00 TATTERSALL BAILEY 2024-04-10 11.'45 +00.00 TATtERSALL BAILEY 2024-04-10 11".55 +00.00 CLAIRE BROUGH 2024-04-10 11..55 +00..00 CLAIRE BROUGH 2024-04-10 12.'15 +00'.00 TATfERSALL BAILEY 2024-04-10 12".23 +00..00 CLAIRE BROUGH 2024-04-11 19..LO +OO..00 SYSTEM 2024-04-12 06..45 +00.00 2024-04-12 06".45 +00.00 2024-04-12 06..46 +00..00 TATtERSALL BAILEY TATfERSALL BAILEY TArrERSALL BAILEY 2024-04-12 06..46 +00..00 TArrERSALL BAILEY 2024-04-12 06..46 +00..00 2024-04-12 06..46 +00.00 TATTERSALL BAILEY TATtERSALL BAILEY 2024-04-12 06..46 +00..00 SYSTEM More Information For more information on electronic signatures and to validate this document was signed by the parties listed above, please visit www.fuse51 n.com