Charity number 1114082 

## Cullingworth Pre-School 

A company limited by guarantee number 05686132 

## Annual Report and Financial Statements 

## for the year ended 31 August 2023 


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Cullingworth Pre-School 

Annual Report and Financial Statements for the year ended 31 August 2023 

|Contents|Page|
|---|---|
|Trustees’ report|2 to 4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notestotheaccounts|8to10|



Prepared by West Yorkshire Community Accountancy Service ClO 

1 



## Cullingworth Pre-School Trustees’ report for the year ended 31 August 2023 

## Reference and administrative details of the charity, its trustees and advisors 

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Amy Higgins Chair Joanna Major Treasurer Tracy Braisby Secretary Resigned 26 April 2023 Daniel Higgins Barbara Knowles Manager Beatrice Halstead Karen Hutton Roxanne Hardy Appointed 1 September 2022 2022 Hayley Heaton Appointed 16 June 2023 Lydia Reveley Appointed 27 April 2023 Paul Leonard Appointed 27 April 2023 Helen Darby Appointed 27 April 2023 

Appointed 1 September 2022 2022 Appointed 16 June 2023 Appointed 27 April 2023 Appointed 27 April 2023 Appointed 27 April 2023 

Charity number 1114082 Company number 05686132 

Registered in England and Wales Registered in England and Wales 

Registered and principal address Bankers 12 Lodge Street The Co-operative Bank Cambridge and Counties Bank Cullingworth PO Box 250 Charnwood Court Bradford Skelmersdale 58 New Walk BD13 5HB WN8 6WT Leicester LE1 6TE 

Independent examiner Rhys North ACA West Yorkshire Community Accountancy Service ClO Stringer House 34 Lupton Street Leeds LS10 2QW 

## Structure, governance and management 

The charity is a company limited by guarantee and was formed on 24 January 2006. It is governed by a memorandum and articles of association as amended 19 July 2019. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1. 

## Method of recruitment and appointment of trustees 

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM. 

Training for specific roles is given as and when required by retiring or existing trustees. Copies of the governing Memorandum and Articles of Association are available at the Preschool. 

2 



## Cullingworth Pre-School Trustees’ report (continued) for the year ended 31 August 2023 

## Objectives and activities 

## The charity's objects 

- The aims of the Pre-school are to enhance the development and education of children between 2 and 5 years of age and support children to reach their full potential by: 

- (a) offering appropriate play, education and care facilities, family learning and extended hours groups, working together with the parents to become involved in their child's learning, ensuring that we offer opportunities for all children whatever their race, culture, religion, means or ability; 

- (b) ensuring that staff are well qualified and are given opportunities to keep their skills and knowledge updated; and 

- (c) instigating and adhering to and furthering the aims and objects of the Pre-School Learning Alliance. 

## Public benefit statement 

In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education. 

## Achievements and performance 

The principal activities of the Preschool remain to provide a comprehensive early years education to local 2, 3 and 4 year olds. We also provide a ‘wraparound’ child care service consisting of breakfast, lunch and after school club to children attending the local primary school. We have again been at full capacity. 

This year has also seen the introduction of Scarecrows Holiday Club, offering school holiday care to children aged between 3 and 11. 

## Financial review 

The net income for the year was £1,951, all of which was unrestricted in nature. 

## Reserves policy 

The charity's free reserves, excluding fixed assets, at the year end were £200,529. 

The Preschool has an agreed reserves policy for it to hold sufficient capital in reserve to run the Preschool for one month, assuming no income was generated. This reserve also holds sufficient funds to cover statutory redundancy payments in the event that the Preschool had to close for any reason. Based on budgeted 2023/2024 expenditure this would equate to £76,588. 

The trustees recognise that actual reserves at 31 August 2023 exceed the target level of reserves. The trustees have plans for an extension to the building to be built in summer 2024, the spend on which will be in the region of £100,000. The extension will provide an additional room for our two year olds. 

3 



Cullingworth Pre-School Trustees’ report (continued) for the year ended 31 August 2023 

## Statement of trustees’ responsibilities 

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards. 

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to: 

select suitable accounting policies and apply them consistently; 

observe the methods and principles in the Charities SORP; 

make judgements and estimates that are reasonable and prudent; 

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies. 

Approved by the board of trustees on 30/05/2024 

Joanna Major (Trustee) 

4 



## Cullingworth Pre-School Independent examiner's report to the trustees of Cullingworth Pre-School 

| report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 August 2023, which are set out on pages6 to 10. 

## Responsibilities and basis of report 

As the charity's trustees of the charitable 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 charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act (‘the 2011 Act'). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent examiner's statement 

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 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 givea ‘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)]. 

| 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. 

## Signed: AR 

## Name: Rhys North ACA 

19/06/2024 

West Yorkshire Community Accountancy Service ClO Stringer House 34 Lupton Street Leeds LS10 2QW 

5 



## Cullingworth Pre-School Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 August 2023 

|||2023|2022|
|---|---|---|---|
|||Total|Total|
|||funds|funds|
||Notes|£|£|
|Income from:||||
|Fees received||210,289|213,482|
|Donations and fundraising||2,934|2,848|
|Uniform sales||309|769|
|Other income||2,513|242|
|Bank interest||3,965|956|
|Total income||220,010|218,297|
|Expenditure on:||||
|Wages, NIC and pension|(2)|167,940|175,456|
|Payroll charges||-|495|
|Consumable resources||4,097|4,399|
|Snacks||3,610|1,935|
|Uniforms||991|1,678|
|Rent||11,000|10,087|
|Utilities and water||5,036|3,224|
|Printing, postage and stationery||846|1,098|
|Telephone||236|212|
|Internet and software charges||2,642|1,231|
|Independent examination||1,680|1,200|
|Professional fees and charges||468|2,101|
|Insurance||234|684|
|Equipment hire||392|127|
|Repairs and renewals||2,752|6,359|
|Cleaning and waste disposal||5,933|1,068|
|General expenses||1,294|896|
|Subscriptions and licences||609|636|
|Training costs||464|494|
|Depreciation||5,992|6,777|
|Fundraising costs||481|1,104|
|Staff gifts||1,275|1,500|
|Bank charges||87|-|
|Total expenditure||218,059|222,761|
|Net income / (expenditure)||1,951|(4,464)|
|Fund balances brought forward||247,185|251,649|
|Fundbalancescarriedforward||249,136|247,185|



All incoming resources and resources expended derive from continuing activities. 

6 



## Cullingworth Pre-School Balance sheet as at 31 August 2023 

|Cullingworth Pre-School<br>Balance sheet||||
|---|---|---|---|
|as at 31 August 2023||2023|2022|
|||Total|Total|
||Notes|£|£|
|Fixed assets||||
|Tangible assets|(3)|48,607|52,232|
|Total fixed assets||48,607|52,232|
|Current assets||||
|Debtors and prepayments|(4)|5,836|864|
|Cash at bank and in hand|(5)|197,945|198,489|
|Total current assets||203,781|199,353|
|Current liabilities:||||
|amounts falling due within one year||||
|Creditors and accruals|(6)|3,252|4,400|
|Total current liabilities||3,252|4,400|
|Net current assets/ (liabilities)||200,529|194,953|
|Net assets||249,136|247,185|
|Funds||||
|Unrestricted funds||249,136|247,185|
|Totalfunds||249,136|247,185|



For the year ending 31 August 2023 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 charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) 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 and with FRS 102 (effective January 2019). 

The financial statements were approved by the board of trustees on 30/05/2024 

Joanna Major 

(Trustee) 

7 



## Cullingworth Pre-School Notes to the accounts for the year ended 31 August 2023 

## 1 Accounting policies 

## Basis of accounting 

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011. 

The charity constitutes a public benefit entity as defined by FRS 102. 

There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years. 

## Going concern 

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue. 

## Incoming resources 

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability. 

## Grants and donations 

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance. 

## Expenditure and liabilities 

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty. 

## Taxation 

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. 

## Tangible fixed assets 

Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. 

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected useful economic lives as follows: 

Village Hall fit-out costs: over 25 years 

Fixtures and fittings: 33% on reducing balance basis 

## Pensions 

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable. 

## Fund accounting 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

## Leases 

Rents under operating leases are charged ona straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty. 

8 



## Cullingworth Pre-School Notes to the accounts continued for the year ended 31 August 2023 

|2|Staff costs and numbers|2023|2022|
|---|---|---|---|
|||£|£|
||Gross salaries|163,407|170,031|
||Social security costs|7,613|7,644|
||Employment allowance|(5,564)|(4,372)|
||Pensions|2,484|2,153|
|||167,940|175,456|



The average number of employees during the year was 15.2, being an average of 9.8 full time equivalent (2022: 13.8, 10.2 FTE). There were no employees with emoluments above £60,000. 

||Defined contribution pension scheme||2023|2022|
|---|---|---|---|---|
||||£|£|
||Costs of the scheme to the charity for the year||2,484|2,153|
||Amount ofany contributions outstanding at the yearend||784|593|
|3|Tangible assets|Fixtures,|Village Hall|Total|
|||Fittings &|fit out costs||
||Cost|£|£|£|
||At<br>1 September2022|56,093|50,699|106,792|
||Additions|2,367|-|2,367|
||At 31 August 2023|58,460|50,699|109,159|
||Depreciation||||
||At 1 September2022|46,448|8,112|54,560|
||Charge for year|3,964|2,028|5,992|
||At 31 August 2023|50,412|10,140|60,552|
||Net book value||||
||At 31 August 2023|8,048|40,559|48,607|
||At 31 August 2022|9,645|42,587|52,232|
|4|Debtors and prepayments||2023|2022|
||||£|£|
||Debtors||2,155|297|
||Prepayments||1,130|567|
||Other debtors||2,551|-|
||||5,836|864|
|5|Cash at bank and in hand||2023|2022|
||||£|£|
||Cash at bank||197,555|198,175|
||Cash in hand||390|314|
||||197,945|198,489|



9 



## Cullingworth Pre-School Notes to the accounts continued for the year ended 31 August 2023 

|6|Creditors and accruals|2023|2022|
|---|---|---|---|
|||£|£|
||Accruals|2,468|1,503|
||Taxation and social security|-|2,304|
||Other creditors|784|593|
|||3,252|4,400|



## 7 Related party transactions 

## Trustee expenses 

No trustee received any expenses during this year or the previous year. 

|Trustee|remuneration and benefits|remuneration and benefits|||
|---|---|---|---|---|
|Details|of remuneration and|benefits|2023|2022|
||||£|£|
|Barbara|Knowles|Employment costs as Pre-School manager|27,451|27,760|
|Joanna|Major|Employment costs as Admin Manager|9,217|7,351|
||||36,668|35,111|



## Legal authority for the payment 

The legal authority for the payment is via a provision within the charity's governing document. 

## Remuneration and benefits received by key management personnel 

The key management personnel of the charity include the trustees and Pre-School Manager. The total employee benefits received by the key management personnel were £27,451 (previous year: £27,760). 

||Othertransactions|with trustees or related parties|with trustees or related parties|2023|2022|
|---|---|---|---|---|---|
|||||E|£|
||Name oftrustee|Relationship to|Description oftransaction|||
||or related party|charity||||
||Joanna Major|Trustee|Bookkeeping services|-|180|
||Sue Wood|Close relative of Megan|Employment costs|-|3,066|
|||Harvey, trustee||||
||Eve Knowles|Close relative of Barbara|Employment costs|16,494|21,508|
|||Knowles, trustee||||
||Scarecrows Holiday|Company owned by|Purchase of assets of|2,000|-|
||Club Ltd|Barbara Knowles, trustee|Scarecrow Holiday Club Ltd|||
|||||18,494|24,754|
|8|Operating leases|||||
||Expected future minimum lease payments overthe remaining life of the|||2023|2022|
||lease, analysed into|the period in which the commitment falls due:||||
|||||£|£|
||Within one year|||11,000|11,000|
||In the second to fifth|years inclusive||44,000|44,000|
||Over five years from|the balance sheet date||29,333|40,333|
|||||84,333|95,333|



10