## 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**
1
## 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.
2
## 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;
- (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. 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.
3
## 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)
4
## 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:
- 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.
Rhys North ACA
30/6/2025
## **West Yorkshire Community Accountancy Service CIO**
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 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.
6
## 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)
7
## 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.
8
## 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.|
|---|---|
9
## 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|
|---|---|---|
10
## 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|
|---|---|---|
11