Cullingworth Pre-School
Charity number 1114082
A company limited by guarantee number 05686132
Annual Report and Financial Statements
for the year ended 31 August 2024
Cullingworth Pre-School
Annual Report and Financial Statements for the year ended 31 August 2024
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 11 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Cullingworth Pre-School
Trustees' report for the year ended 31 August 2024
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 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 | |
| Daniel Higgins | ||
| Barbara Knowles | Manager | |
| Beatrice Outram Halstead | ||
| Karen Hutton | ||
| Roxanne Hardy | ||
| Hayley Heaton | ||
| Lydia Reveley | ||
| Paul Leonard | ||
| Helen Darby | ||
| Charity number | 1114082 | Registered in England and Wales |
| Company number | 05686132 | 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 CIO 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.
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Cullingworth Pre-School
Trustees' report (continued) for the year ended 31 August 2024
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;
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(b) ensuring that staff are well qualified and are given opportunities to keep their skills and knowledge updated; and
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(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. The holiday club has remained successful.
This year has also seen the commencement of building an extension to the preschool building which will house a new sensory room for our children to enjoy.
Financial review
The net income for the year was £37,480, including net income of £37,072 on unrestricted funds and net income of £408 on restricted funds.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £155,993.
The Preschool has an agreed reserves policy for it to hold sufficient funds in reserve to run the Preschool for one month, assuming no income was generated. This reserve to also hold sufficient funds to cover statutory redundancy payments in the event that the Preschool had to close for any reason. Based on budgeted 2024/2025 expenditure this would equate to £81,000.
The trustees recognise that actual reserves at 31 August 2024 exceed the target level of reserves. The reserves have reduced since 31 August 2023 as a result of the decision to invest in an extension to the Preschool which was in the course of construction at 31 August 2024. Given there are further costs of £18,600 for the extension, the trustees recognise the charity's reserves will reduce further although will remain above their target level. Given this the trustees plan to review the reserves policy in 2024/2025 with a view to then taking any necessary action to manage their reserves to within their target level.
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Cullingworth Pre-School Trustees' report (continued) for the year ended 31 August 2024
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 30/6/2025
Joanna Major (Trustee)
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Cullingworth Pre-School
Independent examiner's report to the trustees of Cullingworth Pre-School
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 August 2024, which are set out on pages 6 to 11.
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, I 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 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 charitable company's gross income exceeded £250,000 your examiner must be a fellow 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 fellow of ICAEW which is one of the listed bodies.
I have completed my examination. I 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:
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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
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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
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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.
Rhys North ACA
30/6/2025
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Cullingworth Pre-School
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 August 2024
| Notes 2024 Unrestricted funds £ Income from: Fees received 267,017 Grants and donations (2) 656 Fundraising 1,120 Uniform sales 643 Other income 2,769 Bank interest 6,163 Total income 278,368 Expenditure on: Wages, NIC and pension (3) 193,102 Consumable resources 1,015 Snacks 4,157 Uniforms 1,692 Rent 12,425 Utilities and water 7,794 Printing, postage and stationery 645 Telephone 443 Internet and software charges 2,639 Independent examination 1,680 Professional fees and charges 769 Insurance 797 Equipment hire 727 Repairs and renewals 1,925 Cleaning and waste disposal 2,568 General expenses 897 Subscriptions and licences 450 Training costs 315 Depreciation 5,655 Fundraising costs 206 Staff expenses 584 Bank charges 128 Bad debts 683 Total expenditure 241,296 Net income / (expenditure) 37,072 Fund balances brought forward 249,136 Fund balances carried forward (4) 286,208 |
2024 Restricted funds £ - 850 - - - - 850 - - - - - - - - - - - - - 334 - 108 - - - - - - - 442 408 - 408 |
2024 Total funds £ 267,017 1,506 1,120 643 2,769 6,163 279,218 193,102 1,015 4,157 1,692 12,425 7,794 645 443 2,639 1,680 769 797 727 2,259 2,568 1,005 450 315 5,655 206 584 128 683 241,738 37,480 249,136 286,616 |
2023 Total funds £ 210,289 321 2,934 309 2,192 3,965 220,010 167,940 4,097 3,610 991 11,000 5,036 846 236 2,642 1,680 468 234 392 2,752 5,933 1,294 609 464 5,992 481 1,275 87 - 218,059 1,951 247,185 249,136 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Cullingworth Pre-School
Balance sheet
| as at 31 August 2024 2024 Unrestricted £ Fixed assets Tangible assets (5) 130,215 Total fixed assets 130,215 Current assets Debtors and prepayments (6) 1,923 Cash at bank and in hand (7) 214,155 Total current assets 216,078 Current liabilities: amounts falling due within one year Creditors and accruals (8) 60,085 Total current liabilities 60,085 Net current assets / (liabilities) 155,993 Net assets 286,208 Funds Unrestricted funds 286,208 Total funds 286,208 |
2024 Restricted £ - - - 408 408 - - 408 408 - 408 |
2024 Total £ 130,215 130,215 1,923 214,563 216,486 60,085 60,085 156,401 286,616 286,208 286,616 |
2023 Total £ 48,607 48,607 5,836 197,945 203,781 3,252 3,252 200,529 249,136 249,136 249,136 |
|---|---|---|---|
For the year ending 31 August 2024 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 30/6/2025
Joanna Major (Trustee)
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Cullingworth Pre-School
Notes to the accounts
for the year ended 31 August 2024
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 on a straight line basis 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.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
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Cullingworth Pre-School
Notes to the accounts continued
for the year ended 31 August 2024
| 2 Grants and donations Tesco Groundworks Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2024 Unrestricted funds £ - 656 656 |
2024 Restricted funds £ 850 - 850 |
2024 Total funds £ 850 656 1,506 2024 £ 187,526 8,092 (5,296) 2,780 193,102 |
2023 Total funds £ - 321 321 2023 £ 163,407 7,613 (5,564) 2,484 167,940 |
|---|---|---|---|---|
| 4 **5 ** |
Defined contribution pension scheme 2024 2023 £ £ Costs of the scheme to the charity for the year 2,780 2,484 Amount of any contributions outstanding at the year end 730 784 Restricted funds Balance b/f Incoming Outgoing Transfers Balance c/f £ £ £ £ £ Tesco Groundworks - 850 442 - 408 - 850 442 - 408 Fund name Purpose of restriction Tesco Groundworks Tangible assets Total Cost £ £ £ £ At 1 September 2023 - 58,460 50,699 109,159 Additions 84,314 2,949 - 87,263 At 31 August 2024 84,314 61,409 50,699 196,422 Depreciation At 1 September 2023 - 50,412 10,140 60,552 Charge for year - 3,627 2,028 5,655 At 31 August 2024 - 54,039 12,168 66,207 Net book value At 31 August 2024 84,314 7,370 38,531 130,215 At 31 August 2023 - 8,048 40,559 48,607 Extension under construction Fixtures, Fittings & Equipment Village Hall fit out costs The average number of employees during the year was 17.7, being an average of 11.4 full time equivalent (2023: 14.2, 9.9 FTE). There were no employees with emoluments above £60,000. To support the launch of hot lunches and new kitchen equipment. |
|---|---|
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Cullingworth Pre-School Notes to the accounts continued
for the year ended 31 August 2024
| 6 Debtors and prepayments Debtors Prepayments Other debtors 7 Cash at bank and in hand Cash at bank Cash in hand 8 Creditors and accruals Creditors Accruals Taxation and social security Other creditors 9 Related party transactions Trustee expenses Trustee remuneration and benefits Details of remuneration and benefits Barbara Knowles Employment costs as Pre-School manager Joanna Major Employment costs as Admin Manager No trustee received any expenses during this year or the previous year. |
2024 £ 613 1,310 - 1,923 2024 £ 214,039 524 214,563 2024 £ 45,409 4,351 9,595 730 60,085 2024 £ 22,316 11,744 34,060 |
2023 £ 2,155 1,130 2,551 5,836 2023 £ 197,555 390 197,945 2023 £ - 2,468 - 784 3,252 2023 £ 27,451 9,217 36,668 |
|---|---|---|
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 key management personnel were £22,316 (previous year: £27,451).
| Other transactions with trustees or related parties Eve Knowles Close relative of Barbara Knowles, trustee Employment costs Scarecrows Holiday Club Ltd Company owned by Barbara Knowles, trustee Purchase of assets of Scarecrow Holiday Club Ltd Name of trustee or related party Relationship to charity Description of transaction |
2024 £ 15,222 - 15,222 |
2023 £ 16,494 2,000 18,494 |
|---|---|---|
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Cullingworth Pre-School
Notes to the accounts continued
for the year ended 31 August 2024
| 10 Operating leases Within one year In the second to fifth years inclusive Over five years from the balance sheet date Expected future minimum lease payments over the remaining life of the lease, analysed into the period in which the commitment falls due: |
2024 £ 14,492 57,967 24,153 96,612 |
2023 £ 11,000 44,000 29,333 84,333 |
|---|---|---|
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