Calthwaite Nursery
Charlty No. 1108840
Company No. 05261501
Trustees. Report and Unaudlted Accounts
31 August 2024

Calthwaite Nursery
Contents
Page5
2to4
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
9t015
Detai led Statement of Financial Activities
16to17
Page I

'.hwaite Nursery
tees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 3 1
August 2024.
REFERENCE AND ADMINISTRATIVE DEfAILS
Company No. 05261501
Charity No. 1108840
Principal Office
The Old Post Office
Calthwaite
Penrith
Cumbria
CAII 9QT
Reglstered Offlce
3 Fisher Street
Carlisle
Cumbria
CA3 8RR
Dlrectors and Trustees
The Directors of the charitable company are it5 Trustees for the purposes of charity law.
The following Directors and Trustees served during the year..
C. Brough
G. Gardner
8. Graham
W. Hancock
J.C. Harvey
S. Howe
(appointed 10,07,241
(resigned 10.07.241
L. Lawson
(appointed 10,07.241
(resigned 10.07,241
J. Vaughan
Company Secretary
G. Gardner
Accountants
Tattersall Bailey
14A Maln 5tre¢t
Cockermouth
CA13 9LQ
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thwaite Nursery
5tee5 Annual Report
OBJEcfivES AND AcfiviTIES
The purpose of the charity as set out in its governing document.
The main activities undertaken in relation to those purposes is to provide nursery and toddler facilities
to the local community including School Wrap Around facilitie5.
ACHIEVEMENTS AND PERFORMANCE
The Charity has continued to provide nursery, toddler and school wrap around care for local children in a
calm from home provislon, for children to enjoy and develop within. Demand for nursery services has
grown in the period and as at 31 August 2024 the nursery has continued to successfully deliver
childcare in the period and contlnues to have a waitin8 list for its services.
FINANCIAL REVIEW
A review of the charity's financial position at the year end are shown in the attached f inancial statements,
The Charity has a reserve policy which requires that the trustees can justify the holdin8 of income as reseNes
The Charity holds this level of reserves for several purposes, including: to fulfil Its flnancial obligations
in the event of a winding up of the charity, to reinvest in the nursery provlsion,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.
Flnanclal posltlon
Total income in the period was £381,561. In the financial year,the government began offering funding
fundln8 to all qualifying children over the age of 2, which has increased the proportion of income the
nursery receives f rom local council funding. Salary costs continue to be the largest cost
of runnin8 nursery and after total c05t5 of £361,141, the Charity made a net Income of £20,420
Reserves policv
Cash reserves were £2 13,345. The Charity has a reserve policy which requires that the trustees can justify the
holding of income as reserves. The Charity holds thSs level of reserves for several purposes, including.. to
f ulfil its financial obligations In the event of a winding up of the charity,, to reinvest Sn the nursery
provislon,. and as working capltal for both day to day operatlons and in the event that the charities income
drops below average or issues in payment of government funding.
STRUCTURE, GOVERNANCE AND MANAGEMENT
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 ncw Irustccs
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 15 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 a5 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
Page 3

Calthwaite Nursery
Tru5tee5 Annual Report
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.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any ti me the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence takinE reasonable steps for the prevention and detection of fraud and other irre8ularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 102},
Signed on behalf of the board
C, Brough
Trustee
28 May 2025
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Calthwaite Nursery
Independent Examiners Report
Independent Examiner's Report to the trustees of Calthwaite Nursery
I report to the charity trustees on my examination of the f inancial statements of Calthwaite Nursery for the
year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the company land also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Act.
Havin8 satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eli8ible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charitie5 Act 20111'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145151 Ibl of the 2011 Act.
Independent examlner's statement
A5 the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am
member of ICAEW, which is one ofthe listed bodies.
I have completed my examination. I can conflrm that no material matters have come to my attention in
connection wlth the examination giving me cause to believe:
accounting records were not kept In accordance with sectlon 386 of the 2006 Act ,' or
the financial Statements do not accord with those records,. or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a'true and fair, view whlch Is not
matter considered as part of an independent examination; or
the f inancial statement5 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 IFRS 1021.
I have no concern5 and have come acr055 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 f inancial
statements to be reached.
Luke Tattersall ICAEW
Tattersall Bailey
14A Main Street
Cockermouth
CA13 9LQ
28 May 2025
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Calthwaite Nursery
Statement of Financial Activities
for the year ended 31 August 2024
Unrestricted
fund5 Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Investments
485
378,047
2,223
806
485
378,047
2,223
806
324,486
1,320
339
Total
381,561
381,561
326,145
Expenditure on:
Raising funds
Charitable activities
Other
461
461
71
344,110
16,570
344,110
16,570
281,192
12.651
10
Total
361,141
361,141
293,914
Net gains on investments
Net Income
li
20,420
20,420
32,231
Transfers between funds
Net Income before other
8alns/llosses)
20,420
20,420
32,231
Other galns and losses
Net movement in funds
20,420
20,420
32,231
Reconclliatlon of funds:
Total funds brought forward
204,074
204,074
171,843
Total funds carrled forward
224,494
224,494
204,074
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Calthwaite Nursery
Summary Income and Expenditure Account
for the year ended 31 AuEust 2024
2024
2023
Income
380,755
325,806
Interest and investment income
806
339
Gross income for the year
Expenditure
381,561
326,145
357,525
289,559
Depreciation and charges for
Impairment of fixed assets
3,616
4,355
Total expendlture for the year
Net income before tax for the year
361,141
293,914
20,420
32,231
Net Income for the year
20,420
32,231
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Calthwaite Nursery
Balance Sheet
at 31 August 2024
Company No.
05261501
Notes
2024
2023
Fixed a55ets
Tangible assets
13
20,421
20,421
22,701
22,701
Current assets
Debtors
Cash at bank and in hand
14
2,433
213,345
215,778
111,7051
2,468
199,671
202,139
120,7661
181,373
Creditors: Amount falling due within one year
Net current assets
15
204,073
Total assets less current Ilabllltles
224,494
224,494
204,074
Net assets excluding penslon asset or Ilablllty
204.074
Total net assets
224,494
204,074
The funds of the charity
Restrlcted funds
Unrestrlcted funds
General fund5
16
16
224,494
204,074
224,494
204,074
Reserves
16
Total funds
224,494
204,074
These accounts have been prepared in accordance with the special provlsions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 August 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 28 May 2025
And signed on its behalf bv.,
C, Brough
Trustee
28 May 2025
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Calthwaite Nursery
Notes to the Accounts
for the year ended 31 August 2024
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 IFRS 102) leffective I
January 20151 (Charities SORP IFRS 10211. the Financial Reporting Stand3r6 applicable in the U K and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basls of accountlng or to previous
accounts
There has been no change to the accounting policies Ivaluation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accountlng
Unrestricted funds These are available for use at the dlscretion of the trustees in furtherance of the
general objects of the charity,
Oesi8nated funds These are unrestricted f unds earmarked by the trustees for partlcular purpose5.
Revaluation funds These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are avallable for use subject to restrictions imposed by the donor or through
terms ofan appeal.
Restricted funds
Incame
Recognitlon of
Income
Income is included in the Statement of Flnanclal Activities {SoFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with
related
expenditure
Donations and
legacies
Where income has related expendlture the income and related expenditure is
reported gross in the SOFA.
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditurel where
and facilities
the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help
Investment
income
Gains/llosses} on This includes any gain or1055 resulting from revaluing investments to market value at
revaluation of
the end of the year.
fixed assets
Gains/llosses} on
investment assets
The value of any volunteer help received is not included in the accounts.
This is included in the accounts when receivable.
This includes any gain or loss on the sale of investment5.
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Calthwaite Nursery
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
These comprise the costs a5SOClated with attracting voSuntary income, fundraising
trading costs and investment management costs,
These comprise the costs incurred by the Charity in the delivery of its activities and
services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustee5 at the end of the year but not yet
paid.
Governance costs These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, includin8 any auditlindependent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs,
Other expenditure These are support costs not allocated to a particular activlty.
Expenditure on
raising funds
Expenditure on
charitable
activities
Grants payable
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciatlon
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life:
Leasehold propertv
IO% 10 yea r 5tr3ight line
basi5
Fixtures,f ittings and
equipment
10+20Yo Straight line basis
Trade and other debtors
Trade and other debtor5 are recognised at the settlement amount due after any trade discount offered.
Prepayrnents are valued at the amount prepaid net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current l labilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
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Calthwaite Nursery
Notes to the Accounts
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered fund5,
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Flnan¢lal Actlvltles - prlor year
Unrestrlcted
funds
Total funds
2023
2023
Income and endowments
from;
Charitable activities
Other trading activities
Investments
324,486
1,320
339
324,486
1,320
339
Total
326,145
326,145
Expendlture on:
Raising funds
Charitable activities
71
71
285.547
285,547
8,296
Other
8,296
Total
293,914
293,914
Net income
32,231
32,231
Net Income before other
galns/llossesl
Other galns and losses:
Net movement in funds
32,231
32,231
32,231
32,231
Reconclliatlon of funds:
Total funds brought forward
Total funds carrled forward
171,843
171,843
204,074
204,074
4 Income from donatlons and legacies
Unrestricted
Total
Total
2024
2023
Donations
485
485
485
485
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Calthwaite Nursery
Notes to the Accounts
5 Income from charitable actlvltles
Unrestricted
Total
Total
2024
2023
Nursery fees
Grants-Nursery
268,112
109,935
378,047
268,112
109,935
378,047
239,780
84,706
324,486
6 Income from other trading activities
Unrestricted
Total
Total
2024
2023
Fundraisin8 events
2,223
2,223
2,223
2,223
1,320
1,320
7 Income from Investments
Unrestrlcted
Total
Total
2023
2024
Bank interest received
806
806
339
806
806
339
8 Expendlture on ralsSng funds
Unrestrlcted
Total
Total
2024
2023
Fundroi5ing troding costs
Fundraisin8 events
461
461
71
461
461
71
9 Expenditure ort charltable actlvltles
Unrestricted
Total
Total
2023
2024
Expenditure on choritoble
octivities
Wages
Nursery costs- purchases
Nursery running costs
275,729
30,546
37,835
275,729
30,546
37,835
228,559
22,428
30,205
344,110
344,110
281,192
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Calthwaite Nursery
Notes to the Account5
10 Other expenditure
Unrestricted
Total
Total
2024
2023
Amortisation,
depreciation,
impairment, profit/loss
on disposal of fixed
assets
3,616
3,616
4,355
General administrative
costs
9,236
9,236
4,846
Le831 and professional
costs
3,718
3,718
3,450
16,570
16,570
12,651
11 Net Income before transfers
2024
2023
This is stated after charging..
Depreclatlon of owned f ixed assets
12 Staff costs
No employee received emoluments in excess of £60,000.
3,616
4,355
The avera8e monthly number of full time equivalent employees durin8 the year was as follows:
2024
Number
21
21
2023
Number
19
19
13 Tanglble flxed assets
Land and
bulldlngs
Flxtures,flttln
g5 and
equipment
Total
Cost or revaluatlon
At 1st September 2023
Aéditions
At 31 August 2024
Depreciation and
Impalrment
At 1st September 2023
Depreciation charge for
the year
At 31 Au8USt 2024
Net book values
84,375
67,354
1,336
68,690
151,729
1,336
153,065
84,375
84,374
44,654
129,028
3,616
3,616
84,374
48,270
132,644
At 31 August 2024
At 1st September 2023
20,420
22,700
20,421
22,701
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Calthwaite Nursery
Notes to the Accounts
14 Debtors
2024
2023
Trade debtors
Prepayments and accrued income
123
13041
2,772
2,468
2,310
2,433
15 Creditors:
amounts falling due within one year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals
648
802
316
10,255
11,705
20,450
20,766
16 Movement In funds
Incomlng
resources
Resources
expended
At 1st
{Includln8
September
other
2023 gains/lossesl
At 31 August
2024
Restrlcted fund5'.
Unrestrlcted funds:
General funds
204,074
381,561
1361,141}
224,494
Total funds
17 Analysls of net assets between funds
204,074
381,561
1361,1411
224,494
Unrestricted
funds
Total
Net current assets
204,073
204,073
204,073
204,073
18 Reconciliatlon of net debt
1st
September
2023
At 31 August
2024
Cash flows
Cash and cash equivalents
199.671
199.671
13,674
13,674
213,345
213,345
Net debt
199,671
13,674
213,345
19 Related party disclosures
Controlling party
The company 15 limited by guarantee and has no share capital; thus no single party controls the company.
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Calthwaite Nursery
Notes to the Accounts
Page 15

CaSthwaite Nursery
Detailed Statement of Financial Activities
for the year ended 31 August 2024
Unrestricted
funds
2024
Total funds
2024
Total funds
2023
Income and endowments from:
Donations and legacies
Donations
485
485
485
485
Charitable activities
Nursery fees
Grants-Nursery
268,112
109,935
378,047
268,112
109,935
378,047
239,780
84,706
324,486
Other trading activities
Fundraising events
2,223
2,223
2,223
2,223
1,320
1,320
Investments
Bank interest received
806
806
806
806
339
339
Total Income and endowments
381,561
381,561
326,145
Expendlture on:
Costs of other trading activitie5
Fundraising events
461
461
71
461
461
71
Total of expendlture on ralslng
funds
461
461
71
Charitable activities
Wages
Nursery costs- purchases
Nursery running costs
275,729
30,546
37,835
344,110
275,729
30,546
37,835
344,110
228,559
22,428
30,205
281,192
Total of expendlture on charitable
activities
344,110
344,110
281,192
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures.fittings
and equipment
Sundry expenses
3,616
3,616
4,355
9,236
12,852
9.236
12,852
4,846
9,201
Legal a nd professional costs
Accountancy and bookkeeping
Other legal and professional
costs
3,420
3,420
2,770
298
298
680
Page 16

Calthwaite Nursery
Detailed Statement of Financial Activities
3,718
3,718
3,450
Total of expenditure of other costs
Total expenditure
Net gains on investments
16,570
16.570
12.651
361,141
361,141
293,914
Net income
20,420
20,420
32,231
Net income before other
gains/llosses)
Other Gains
20,420
20,420
32,231
Net movement in funds
20,420
20,420
32,231
Reconclllatlon of funds:
Total funds brought forward
204,074
204,074
171,843
Total funds carrled forward
224,494
224,494
204,074
Page 17