Company registration number: 05261501 Charity registration number: 1108840 **CALTHWAITE NURSERY TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** ## **Calthwaite Nursery Contents** ||**Page**| |---|---| |Trustees' Report|1—3| |Independent Examiner's Report|4| |Statement of Financial Activities (including Income and Expenditure Account)|5| |Balance Sheet|6| |Notes to the Financial Statements|7—11| |The following pages do not form part of the statutory accounts:|| |Detailed Statement of Financial Activities (including Income and Expenditure Account)|12| ## **Calthwaite Nursery Company No. 05261501 Trustees' Report For The Year Ended 31 August 2025** The trustees present their report and the financial statements for the year ended 31 August 2025. ## **Objectives and Activities** ## **Aims and Objectives** The purpose of the charity as set out in its governing document. ## **Public Benefit** The main activities undertaken in relation to those purposes is to provide the nursery and toddler facilities to the local community including school wrap around facilities. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. ## **Achievements and Performance** ## **Main Achievements** The charity has continued to provide nursery, toddler and school wrap round care for local children in a calm from home provision, for children to enjoy and develop within. Demand for nursery services has grown in this period and as at 31/08/2025 the nursery has continued to deliver childcare and continues to have a waiting list for its services. ## **Financial Review** ## **Financial Position** A review of the charities financial position at the end of the year are pulled together from Tattersall Bailey, this will be added as an annex to this document once published. The Charity has a reserves 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 winding up of the charity, to reinvest in the nursery provision, as working capital for day to day operations and in the event that the charities income drops below average or issue in payment of government funding. Total income in the period was £496,460 The government continues to offer funding and from September 2025 they brought in funding from 9 month above. This has increased the proportion of income the nursery receives from the local council funding. Salary costs continue to be the largest cost of running nursery, the charity made a net income of £74,660 There were investments made back into the nursery environment, with new perimeter fence for the outdoor and baby area, along with an outdoor staff breakout unit and furnishings. ## **Reserves Policy** Cash reserves were £273,569. The charity has a reserves policy which requires that the trustees can justify the holding of income as reserve. The charity holds this level of reserves for several purposes including: to fulfil its financial obligations in the event of winding up of the charity, to reinvest in the nursery provision, as working capital for day to day operations and in the event that the charities income drops below average or issue 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 and defined in the companies act 2006. Page 1 ## **Calthwaite Nursery Trustees' Report (continued) For The Year Ended 31 August 2025** ## **Trustee Selection Methods** The charity is governed by the article of association and is incorporated as a private limited company. The charity may be by ordinary resolution appoint a person who is willing 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/her willingness to be appointed. All members who are entitled to receive notice of 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** ## **Trustees** S Taylor-Howe - Chair L Hughes (appointed 02/07/2025) B Graham L Lawson J C Harvey C Brough (resigned 02/07/2025) ## **Charity Number** 1108840 ## **Company Number** 05261501 ## **Independent Examiner** Luke Tattersall FCA Tattersall Bailey 14a Main Street Cockermouth Cumbria CA13 9LQ Page 2 ## **Calthwaite Nursery Trustees' Report (continued) For The Year Ended 31 August 2025** ## **Statement of Trustees' Responsibilities** The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 taking reasonable steps for the prevention and detection of fraud and irregularities. ## **Small Company Rules** This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The trustees' report was approved by the board of trustees and signed on its behalf by: D3C80000-6B6A-DACB-A2E8-08DEB1AF8F8D S Taylor-Howe Trustee 12/05/2026 Page 3 ## **Calthwaite Nursery Independent Examiner's Report to the Trustees of Calthwaite Nursery For The Year Ended 31 August 2025** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025. ## **Responsibilities and Basis of Report** As the charity 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 the Company’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 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: - �. 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. D3C80000-6B6A-DACB-A300-08DEB1AF8F8D Luke Tattersall FCA 12/05/2026 14a Main Street Cockermouth Cumbria CA13 9LQ Page 4 ## **Calthwaite Nursery Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Charitable activities
Other trading activities
**4**
Investments
**5**
**EXPENDITURE ON:**
Charitable activities:
**7**
Raising funds
Charitable activities
Other
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**16**|**2025**
**Unrestricted**
**funds**
**£**
-
495,016
656
788|**2024**
**Unrestricted**
**funds**
**£**
485
378,047
2,223
806| |---|---|---| ||496,460|381,561| ||(273)
(396,979)
(24,548)|(461)
(344,110)
(16,570)| ||(421,800)|(361,141)| ||74,660|20,420| ||74,660
224,494|20,420
204,074| ||299,154|224,494| The notes on pages 7 to 11 form part of these financial statements. Page 5 ## **Calthwaite Nursery Balance Sheet As At 31 August 2025** |**Notes**
**FIXED ASSETS**
Tangible Assets
**12**
**CURRENT ASSETS**
Debtors
**13**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**14**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**16**|**2025**
**Unrestricted**
**funds**
**£**
30,048|**2024**
**Total funds**
**£**
20,421| |---|---|---| ||30,048
5,007
273,569|20,421
2,433
213,345| ||278,576
(9,470)|215,778
(11,705)| ||269,106|204,073| ||299,154|224,494| ||299,154|224,494| ||299,154|224,494| ||299,154|224,494| For the year ending 31 August 2025 the charitable company was entitled to exemption from audit 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 trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board D3C80000-6B6A-DACB-A2F7-08DEB1AF8F8D S Taylor-Howe Trustee 12/05/2026 The notes on pages 7 to 11 form part of these financial statements. Page 6 ## **Calthwaite Nursery Notes to the Financial Statements For The Year Ended 31 August 2025** ## 1. **General Information** Calthwaite Nursery is a company limited by guarantee, incorporated in England & Wales, registered number 05261501 and registered charity number 1108840. The registered office is . ## 2. **Accounting Policies** ## 2.1. **Basis of Preparation of Financial Statements** The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102. ## 2.2. **Incoming Resources** Income is included in the Statement of Financial Activities (SoFA) 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. Where income has related expenditure the income and related expenditure is reported gross in the SoFA. ## 2.3. **Resources Expended** 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. Expenditure on raising funds comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on charitable activities 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. ## 2.4. **Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Leasehold 10% Straight Line Fixtures & Fittings 10% and 20% Straight Line ## 2.5. **Cash and Cash Equivalents** Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. ## 3. **Income from Donations and Legacies** |.
**Income from Donations and Legacies**||| |---|---|---| ||**2025**|**2024**| ||**Unrestricted**|**Unrestricted**| ||**funds**|**funds**| ||**£**|**£**| |Donations and gifts|-|485| Page 7 ## **Calthwaite Nursery Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** ## 4. **Income from Other Trading Activities** |4.
**Income from Other Trading Activities**|||| |---|---|---|---| |Fundraising events
5.
**Investment Income**
Bank interest receivable
6.
**Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
7.
**Analysis of Expenditure**
Raising funds
Charitable activities
Other
Raising funds
Charitable activities
Other|**Activities**
**undertaken**
**directly**
**£**
273
396,979
3,873|**2025**
**Unrestricted**
**funds**
**£**
656|**2024**
**Unrestricted**
**funds**
**£**
2,223| |||**2025**
**Unrestricted**
**funds**
**£**
788|**2024**
**Unrestricted**
**funds**
**£**
806| |||**2025**
**£**
3,873|**2024**
**£**
3,616| |||**Support costs**
(see note 8)
**£**
-
-
20,675|**2025**
**Total**
**£**
273
396,979
24,548| ||401,125|20,675|421,800| ||**Activities**
**undertaken**
**directly**
**£**
461
344,110
3,616|**Support costs**
(see note 8)
**£**
-
-
12,954|**2024**
**Total**
**£**
461
344,110
16,570| ||348,187|12,954|361,141| Page 8 ## **Calthwaite Nursery Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** ## 8. **Support Costs** |General administration
Governance costs
General administration
Governance costs
9.
**Independent Examiner's Remuneration**
Independent examination of the financial statements
10.
**Staff Costs**
Staff costs were as follows:
Wages and salaries|**2025**
**£**
2,016
**2025**
**£**
332,148|**2025**
**Other**
**£**
11,165
9,510| |---|---|---| |||20,675| |||**2024**
**Other**
**£**
9,236
3,718| |||12,954| |||**2024**
**£**
1,920| |||**2024**
**£**
275,729| No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. ## 11. **Average Number of Employees** Average number of employees during the year was: 23 (2024: 21) ## 12. **Tangible Assets** |**Cost**
As at 1 September 2024
Additions
As at 31 August 2025|**Land &**
**Property**
**Leasehold**
**£**
84,375
-|**Fixtures &**
**Fittings**
**£**
68,690
13,500|**Total**
**£**
153,065
13,500| |---|---|---|---| ||84,375|82,190|166,565| ||||...CONTINUED| Page 9 ## **Calthwaite Nursery Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** |**Depreciation**
As at 1 September 2024
Provided during the period
As at 31 August 2025
**Net Book Value**
As at 31 August 2025
As at 1 September 2024
13.
**Debtors**
**Due within one year**
Trade debtors
Other debtors
14.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Bank loans and overdrafts
Accruals and deferred income
15.
**Loans**
An analysis of the maturity of loans is given below:
Amounts falling due within one year or on demand:
Bank loans
16.
**Movement in Funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1**
**September**
**2024**
**£**
224,494|84,374
1|84,374
1|48,270
3,872|132,644
3,873| |---|---|---|---|---|---| |||84,375||52,142|136,517| |||-||30,048|30,048| |||1||20,420|20,421| |||**Income**
**£**
496,460||**2025**
**£**
336
4,671
5,007
**2025**
**£**
2,365
445
6,660
9,470
**2025**
**£**
445
**Expenditure**
**£**
(421,800)|**2024**
**£**
123
2,310| ||||||2,433| ||||||**2024**
**£**
802
648
10,255| ||||||11,705| ||||||**2024**
**£**
648| ||||||**As at 31**
**August 2025**
**£**
299,154| ||224,494|496,460||(421,800)|299,154| Page 10 ## **Calthwaite Nursery Notes to the Financial Statements (continued) For The Year Ended 31 August 2025** |**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1**
**September**
**2023**
**£**
204,074|**Income**
**£**
381,561|**Expenditure**
**£**
(361,141)|**As at 31**
**August 2024**
**£**
224,494| |---|---|---|---|---| ||204,074|381,561|(361,141)|224,494| ## 17. **Transactions with Trustees** None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. ## 18. **Related Party Disclosures** There have been no related party transaction in the reporting period that require disclosure ## 19. **Company limited by guarantee** The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. Page 11 **Calthwaite Nursery Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025** |**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations and gifts
**Charitable Activities:**
**Charitable activities**
Nursery fees
Grants - Nursery
**Other trading activities**
Fundraising events
**Investments**
Bank interest receivable
**EXPENDITURE ON:**
**Charitable Activities:**
**Raising funds**
Staging fundraising events
**Charitable activities**
Nursery costs - purchases
Wages and salaries
Nursery running costs
**Other**
Depreciation
Sundry expenses
Independent examiner's fees
Accountancy fees
Other legal and professional costs
**NET INCOME**|**2025**
**Total**
**funds**
**£**
-|**2024**
**Total**
**funds**
**£**
485| |---|---|---| ||-
201,453
293,563|485
268,112
109,935| ||495,016
656|378,047
2,223| ||656
788|2,223
806| ||788|806| ||496,460
(273)|381,561
(461)| ||(273)
(32,808)
(332,148)
(32,023)|(461)
(30,546)
(275,729)
(37,835)| ||(396,979)
(3,873)
(11,165)
(2,016)
(1,453)
(6,041)|(344,110)
(3,616)
(9,236)
(1,920)
(1,500)
(298)| ||(24,548)|(16,570)| ||(421,800)|(361,141)| ||74,660|20,420| Page 12 Document electronically signed www.fusesign.com ## Document Details |Document ID|72790000-7714-aa76-f8a3-08deb1aef5b2| |---|---| |Document bundle ID|7bb40000-8334-761b-775d-08deb1aef645| |Uploaded to FuseSign|2026-05-14 12:50 +01:00| |FuseSign subscriber|Tattersall Bailey Chartered Accountants| |Initiator email|mel.jaques@tbc.uk.com| |Document completed|2026-05-26 09:13 +01:00| ## Document Signers |Name
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Preferred Name
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Email
admin@firstclasskids.org.uk
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