COMPANY NUMBER: 05261451
CHARITY NUMBER: 1117044
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
DIRECTORS REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Page | |
|---|---|
| Directors' (trustees) report | 1-2 |
| Accountants report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5-6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8-10 |
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
COMPANY INFORMATION
| Company Number: | 05261451 |
|---|---|
| Charity Number: | 1117044 |
| Trustees: | Catherine Sutcliffe-Tasker |
| Alan Perry | |
| Julie Ann Dawson | |
| Hollie Jane Bentley | |
| Directors: | Catherine Sutcliffe-Tasker |
| Alan Perry | |
| Julie Ann Dawson | |
| Hollie Jane Bentley | |
| Secretary: | Hollie Jane Bentley |
| Registered Office: | Whitegate Centre |
| Victoria Road | |
| Padiham | |
| Lancashire | |
| BB12 8TG |
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
DIRECTORS (TRUSTEES) REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The directors submit their annual report and the financial statements of the company for the 12 months to the year ended 31 March 2023. The directors are also trustees and have served during the year and up to the date of this report.
Structure, governance and management
Whitegate Early Years Care is a charitable company. That is to say, it is registered with both within the Charity Commission as a charity and with Companies House as a company limited by guarantee, without share capital.
The charity is administered by a Board of Trustees/Directors. The directors are responsible for strategic and financial planning and for identifying and responding to any risks.
The directors of the charitable company are its trustees for the purpose of charity law and the governing documents of the charity are the Memorandum and Articles of Association.
Objectives and activities
To provide a warm, secure and caring environment for children.
To advance the development and education of children primarily under statutory school age.
To provide high standards of education and childcare.
Achievements and performance
The day to day finances of the setting have been efficiently managed throughout the year continuing to adhere to the financial procedures.
Financial review
During the year the charity generated income of £396,202 (2022 was £347,525). The deficit for the year was £27,170 (2022 was a surplus of £25,396).
The plan for future periods is to continue to produce a surplus.
Page 1
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
DIRECTORS (TRUSTEES) REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Statement of trustees' responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements that for each financial year that shows a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
Catherine Sutcliffe-Tasker
Director
15 December 2023
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Page 2
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WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
ACCOUNTANTS REPORT
FOR THE YEAR ENDED 31 MARCH 2023
In order to assist you to fulfil your duties under the Companies Act 2006 the accounts have been prepared for your approval for the year ended 31 March 2023 which comprises the Statement of financial activities, the Balance sheet, the cash flows statement and the related notes.
It is your responsibility to ensure that Whitegate Early Years Care has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets and liabilities.
You consider that a statutory audit is exempt from the statutory audit requirement for the year.
Page 3
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
| Note Incoming resources Incoming resources from generating funds: Activities for generating funds Incoming resources from charitable activities 3 Total incoming resources Resources expended Charitable activities 4 Governance costs 5 Total resources expended Net incoming/(outgoing) resources for the year/ Net income/(expenditure) for the year Total funds brought forward Total funds carried forward |
Unrestricted 2023 2022 funds £ £ 0 0 396,202 396,202 347,525 |
|---|---|
| 396,202 396,202 347,525 |
|
| 422,172 422,172 320,729 1,200 1,200 1,400 |
|
| 423,372 423,372 322,129 |
|
| (27,170) (27,170) 25,396 37,020 37,020 11,624 |
|
| 9,850 9,850 37,020 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
Page 4
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AS AT 31 MARCH 2023
| Note Fixed assets Tangible assets 9 Current assets Debtors: amounts falling due within one year Cash at bank and in hand 11 Creditors: Amounts falling after one year 12 Net Current Assets Total assets less current liabilities Net assets Funds Unrestricted income funds Total Funds |
£ £ £ £ 20,158 21,200 0 0 25,504 60,820 25,504 60,820 (35,812) (45,000) (10,308) 15,820 9,850 37,020 9,850 37,020 9,850 37,020 2021 2023 |
£ £ £ £ 20,158 21,200 0 0 25,504 60,820 25,504 60,820 (35,812) (45,000) (10,308) 15,820 9,850 37,020 9,850 37,020 9,850 37,020 2021 2023 |
|---|---|---|
| 37,020 | ||
| 37,020 | ||
| 37,020 |
The Balance Sheet continues on the following page.
Page 5
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AS AT 31 MARCH 2023 (CONTINUED)
In approving these financial statements as trustees of the company we confirm:
(a) that for the year ended 31 March 2023 the company was entitled to the exemptions of section 477 of the Companies Act 2006;
(b) that an audit has not been required, pursuant of section 476 of the Companies Act 2006;
© ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006:
(d) preparing financial statements which give a true and fair view of the state of affairs of the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the board on 15 December 2023 and signed on behalf by:
Catherine Sutcliffe-Tasker
Director
Page 6
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023
| Cash flows from operating activities (Loss)/profit for the financial year Adjustments for: Depreciation of tangible assets Decrease in debtors Decrease in creditors Net cash generated from operating activities Cash flows from operating activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Cash and cash equivalents at the end of the year comprise: Cash at bank and in hand |
2023 2022 £ £ -27,170 25,396 1,042 1,115 0 0 -9,187 0 |
|---|---|
| -35,315 26,511 |
|
| 0 0 |
|
| -35,315 26,511 60,820 34,309 |
|
| 25,504 60,820 |
|
| 25,504 60,820 |
Page 7
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FIANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1 General Information
Whitegate EYC is a not for profit Company and has no share capital.
2 Accounting policies
2.1 Basis of preparation of financial statements
The financial statements are prepare under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting Charities issued in March 2005 (SORP 2005) and the Companies Act 2006.
2.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income.
2.3 Resources expanded
All expenditure is recognised on an accrual basis.
Expenditure includes VAT which cannot be fully recovered.
2.4 Tangible fixed assets and deprecation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Equipment 5% reducing balance basis
The assets residual value, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 8
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FIANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
2.5 Debtors
Short term debtors are measured at transaction price, less any impairment.
2.6 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
2.7 Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured at amortised cost using the effective interest method.
3 Incoming resources for charitable activities
| Fees Grants Costs of charitable activities Staff costs Support costs Governance costs Accountancy & finance fees |
Unrestricted funds £ 396,202 0 396,202 Unrestricted funds £ 348,327 75,045 423,372 Unrestricted funds £ 1,200 1,200 |
2023 2022 Total Total £ £ 396,202 347,525 0 0 |
|---|---|---|
| 396,202 347,525 |
||
| 2023 2022 Total Total £ £ 348,327 265,275 75,045 56,854 |
||
| 423,372 322,129 |
||
| 2023 2022 Total Total £ £ 1,200 3,400 |
||
| 1,200 3,400 |
4 Costs of charitable activities
5 Governance costs
Page 9
WHITEGATE EARLY YEARS CARE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FIANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 Net incoming/(outgoing) resources for the year
| Net incoming/(outgoing) resources for the year | |
|---|---|
| Net incoming/(outgoing) resources is stated after charging depreciation. |
2023 2022 |
| 1,042 1,115 |
| 7 Employment costs Wages and salaries Other costs |
2023 2022 348,327 264,792 0 483 |
|---|---|
| 348,327 265,275 |
The average monthly number of employees during the year was as follows:
| 2023 | 2022 |
|---|---|
| 20 | 23 |
8 Taxation
The charity is exempt from taxation.
- 9 Tangible fixed assets
| 10 | Cost: At 1 April 2022 Addition At 31 March 2023 Depreciation: At 1 April 2022 Charge for the year At 31 March 2023 Net book value: At 31 March 2023 At 31 March 2022 Debtors Due within one year: Prepayments Sundry debtors Provision for doubtful debts |
Fixtures and Fittings Total £ £ 41,682 41,682 0 0 |
|
|---|---|---|---|
| 41,682 41,682 |
|||
| 20,482 20,482 1,042 1,042 |
|||
| 21,524 21,524 |
|||
| 20,158 20,158 |
|||
| 21,200 21,200 |
|||
| 2023 2022 £ £ 0 0 0 0 0 0 |
|||
| 0 0 |
| 11 12 |
Cash and cash equivalents Cash at bank and in hand Creditors Sundry creditors Loans Accruals |
2023 2022 £ £ 25,504 60,820 |
|---|---|---|
| 25,504 60,820 |
||
| 2023 2022 £ £ 0 0 35,812 45,000 0 0 |
||
| 35,812 45,000 |
13 Related party transactions
There have been no related party transactions throughout the financial year.
14 Company limited by guarantee
Whitegate EYC is a company limited by guarantee and does not have a share capital.
Page 10