LAMESLEY CHILDCARE Charity number: 1122506 TRUSTEES ANNUAL REPORT 2022 

Aims - To provide inclusive, quality, affordable childcare for families and children during school time to enable parents/carers to train, work, or access further education. Provide holiday care for families from Gateshead, North and South Tyneside. Create more jobs thus increase childcare places in all our provisions. Tender for new business and boost economic growth in our sector and the community. 

Effects of COVID19 -  Dealing with the after effects of COVID19 have been very challenging for the charity. Our desire to provide quality childcare to parents has been impacted by the lockdowns and mental and physical abilities of our staff. Some members of our staff were unable to work due to health problems and being affected by the virus. This put an enormous strain on the remaining staff who went above their normal duties to ensure the service could be delivered when the schools timetables returned to normal hours.   We worked closely with all the school’s management teams to ensure that the service we provided was to an excellent standard and partnership working continues. 

The clubs - We operate five breakfast clubs, five out of school clubs and one holiday clubs across the area. Offering wraparound care within school is advantageous for children, parents, school, and ourselves, as we work collectively to give children the best start in life and skills to equip them on their voyage of growing up. We can offer up to 300 breakfast club places per day and 300 out of school club places per day, thus provide parents with more childcare provider choice across the borough. Lamesley Childcare is committed to ensure that there are appropriately skilled and trained staff within all our provisions. This is to enable high quality and professional childcare delivery in a consistent and standardised way. Our Quality, Training and Recruitment manager continues to support managers in our existing and new provisions to improve quality and to support the coordinator to recruit and develop staff through training and inhouse mentoring. We 



continue to review and restructure our staffing structure to enable all provisions to have the correct mix of highly skilled and trained staff and have increased our clerical officers’ hours to take on extra responsibility with the additional workload produced by our expansion and workplace pension. We are one of the few out of school providers who offer holiday care for working parents/carers in the borough, this much needed service ensures families can work 51 weeks of the year. We open over the Christmas period if parents require a service, this is not always needed but we continue to offer childcare and will open on request. We have approximately 485 registered families who use the service per annum and approximately 250 children per day using our breakfast clubs and afterschool clubs. We achieved an ‘Outstanding’ rating from Ofsted when we were inspected in our Harlow Green provision in December 2017 and a ‘Good@ rating for our Kells Lane provision, our Oakfield provision and our Springwell Village provision. Ofsted inspection gradings have changed from September 2019 and they no longer issue Outstanding, Good and Inadequate replaced with Met, ‘not met with actions’ or ‘not met with enforcement’. Our Andrew’s Church Hall holiday provision was rated Met as was our Lingey House breakfast and after school provision who achieved a Met this year. St John Boste breakfast and out of school provision are due their Ofsted inspection within the next few months. We employ 36 staff and 1 volunteer. We are currently recruiting four posts for playworkers as we aim to offer opportunities to long term unemployed young people and to help them to gain employment. We have experienced difficulties in recruiting staff and predict that this recruitment will take longer than we anticipated, this and longterm sick and maternity leave is impacting on the number of new children we are able to enrol at this time. We continue to offer free childcare to all staff who have nursery and school aged children as this enables parents back into employment as the wraparound hours we work suit parents with young children, this has proved advantageous in recruiting and retaining staff. 

The staff - Staff have in place Health and Safety, Food Hygiene, Moving and Handling, Paediatric First Aid and Child Protection 



plus a range of certified training to support them in their job and to offer the best possible care to our users. Our aim is to make sure this essential training is attended by all staff; that it fits into their working day and staff are not taking time off work to attend training. We have also registered for online training and all staff have sat a wide range of Safeguarding courses such as FGM, Recognising Abuse, Online Safety and Online Bullying. Due to the impact of Covid in raising issues such as Domestic Violence and Mental Health Level 2, has resulted in our staff obtaining qualifications to support families and staff who use work and use the service. Those identified as having issues are supported by staff and referred to our Occupational Health team where they can offer consultations and support funded by the charity. We continue to offer apprenticeships for young people in our community and we have recently recruited two young apprentices and offered a traineeship to a young person in the community. We encourage staff to enrol on further education courses to help them progress in the organisation. We have a board of Directors who are proactive in setting the direction of the charity and in developing our vision, as well as being committed to developing staff and projects, that raise the profile of the organisation. 

Finances – A high percentage of our current expenditure is on maintaining a supply of high-quality games and activities for children in all of our settings, printing and IT, rent and utilities. Source of income/finance Parents’ payments in the form of childcare fees are our main source of income. Marketing and selling childcare places help reduce the risk of any shortfall in funds and good housekeeping, with our accounts being audited every six months by a local accountancy firm, Murray Lamb. Six weekly meetings were held by Trustees via ZOOM and later in the year in person to monitor and evaluate finances and to review the vision of Lamesley Childcare. 

Trustee signature: C Kennedy 

Trustee name: Christine Kennedy Date: 23.01.2023 



Company registrntion numbor 062284381England and Wa1951
OFFICE COPY
LAMESLEY CHILDCARE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

LAMESLEY CHILDCARE
coNTE￿rS
Page
Dlre¢tor6' report
Accountants. rewt
Income artsj expond6ture a¢￿Unt
Balance tsheet
Notes to the financial statements

LAMESLEY CHILDCARE
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The dlrectors present th￿r annual repryt and financial stslemenls f￿ the year end8d 31 Ma￿h 2022.
Prlnclpal activiti88
The principal actlvSty of the company conlinued to be that of a thild care cenlre.
Dirèctorn
The diroGtors who held office during the year aNI up to the dat8 of signature of the financial staiements were as
follows..
Mrs JoarbAtexand8rs
Mrs Tracy Dawson
chr18b.ne Kennedy
Small companle$ exemptron
This report has been preparad In accordarKg vJilh ts wovisions applit￿ble lo companies entiued to the small
comp8nios exemption.
By order of the board
Joan Alexanders
Date..

L￿MESLEy CHILDCARE
CHARTERED ACCOUNTANTS. REPORT TO THE 80ARD OF DIRECTORS ON THE
PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
LAMESLEY CHILDCARE FOR THE YEAR ENDED 31 MARCH 2022
In order to assist you lo hjlfil your duties under the Companies Act 2C4]6, we have prepared for your apkyoval the
financial statements of Lamesley Childcare for th8 year ended 31 March 2022 set out on pages 3 to 9 from the
company's xcountiro records and frcm information and explanations you have given us.
A5 a practi￿r￿￿ membèr fim of the Instrtute of Chart8r8d Accountants in England ond Wale8 (ICAEWI, we are
subject to its ethical and other professional requirements which are detailed at Mty5'.IAwhv.i¢aew.comlrewlation
This ￿p)rt Is made solely to the Board of Directors of Lamèsley Chiklcare, as o body, in accordance ￿th the tems
of our engagement lettèr dated 31 Marth 2008. Our work has been undertaken $olely to prepare for your 8pproval
the financral statements of Lamesley Childc8re and slal8 those matters that we have agreed to state lo the Board of
Diredors of Lame￿eY Childcare, a$ a body, in this report in 8ccordance wlh ICAEW Technical Release 07116 AAF.
To the fijllest extent pernirtted by law, we th) not accept or assume resp)nsibilty to anyone other Ihan Lamesley
Childcare and its Board of Directors 8$ a body. tor our work or for this report.
It is your duty to enyure that Lam8sl8y Chiklcare has kapl *Jequate 8ccounting racords and to prepare ¥tslutory
finanaal statements that give a true and fair ￿eW of the assets, Ilablltties, ffinanclal position and sury)lus of Lamesley
ChIld¢￿re. You consi(kr that Lamesley Childcar618 exempt fTom the ststutory audit requirement for the year.
We have n()t been instructed to carry txrt an audit or a review of the ffin8nci81 ststements of Lamesley Childcare. For
this reason, we have not verffied the accuracy or complet9ness of the accounting records or informelion and
explanations you have gwen to us and we do not, Iherafore, express any opinion on stalLrtory fironcial
slatemenls.
Munxy and Lamb
Chartered Accountants
12 Be￿Mer Court, Hownsgill Ind Pork
Consett
Co Durham
DH8 7BL

LAMESLEY CHILDCARE
IMCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Income
Adrninistralive expenses
Other operating iwme
482.348
1485.1381
9,655
230,558
{431.2371
169,263
Operating surpluslldeflc5ti
6.865
131.4181
Interest re￿Ivable and similar income
27
40
8urplu&l{deflcft) before taxatlon
6,892
131,3761
Tax on surpluslldefi¢itl
SurpfupJld•ficit) for tho financial yaar
6,892
131,3761
The income and expenditure account has been prepared on the basis that all operations are continuing oFerations.

LAMESLEY CHILDCARE
BALANCE SHEET
ASAT31 MARCH 2022
2022
2021
Flxed a$$•ts
Tangible assets
12,311
19,073
Current a88ets
Deblors
Cash at bank and in hand
5.207
267,164
5,994
197.251
272,371
203245
Crodltorl: amounts tslllng duo wlthln
ono yoar
(132,962)
177,490)
Plet current assots
139,409
125,755
Ngt a880ts
151,720
144,828
Reser
Income and expenditure atLount
151,720
144,828
Members, funds
151,720
144,828
For the firanci81 year and￿1 31 March 2022 th& company was ￿tIlled to exemption from audrt under Section 477 of
the CompaniesAct 2006 relating to small companies.
The dlrectors ackncA¥ledge Il*lr respon*'￿'1￿1e3 for tomplying wilh the requirements of the Compani8s Ad 20
with respect lo acwJnlirYJ records and the preparatlon of financial slal&ment8.
The members have not requlred the company to cbtaln an 8LbJit of Its ff nancial statements for the ye8r In questlon in
accordance with sec*lon 476.
These financial ststements hove been prepared in aCc￿danCe the provisiefis applicable to companies subject
to th8 small Companies regime.
The financial statements were approved by the bowd of directors and authorised for Issue on ......................... and
are ￿gned on Its behalf by..
Joan Alexanders
ctor
Company Regl$tr•tlon No. 06228438

L.AMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
A¢covnting poIici•s
Company Inft>miatlon
Lamesley Chlldtare Is a private company limited by guarantee incofporated in England and I￿185. The
registered offlce is StAndrews Church Hall, Lamesley Crossroads, Lamerjey, Gateshead. NE11 OEU.
1.1 Accounting convèntion
These finanrial $1olement$ have been prepared in accordance Mth FRS 102 The Flnancial Reporting
Standard applicable in the UK and Republic of Ireland. l FRS 1021 ond the requirements of the com￿nI?5
Act 2006 as applicable to companies S￿￿e¢t to the small ts)mpanies regime. The disclosure requirements of
section 1A of FRS 102 have been applied other than where additional disclosure is required lo show a true
arKI fair view.
The financial stslements gre prepared in jtsrting. which 15 the fvnrtional currency of the company. Monetary
amounts in these finanaal stslemenls are rounded to the nearèst £.
The financial statements have been prepared under the hi81orical o)st convention, Imodified lo indude the
revaluation of freehold properbes and to indude investment properties and certain financial inslrumenls at fair
valuel. The prin￿paI accounting policies adopted are sel out below.
1.2 Income and expendtture
Income and expenses ar8 included in the financial sl01om8nl$ a$ thgy b8￿Me receivable 01 due.
Expen8e8 include VAT where applicable as the company camot redakn It.
1.3 Tanglblo ffxtd ass8ts
Tangible fixed assets are initially measure(l at Cost and 8ubsequenUy measured at cost or valuation. net of
dep￿St10n and any impairment losses.
Depreclalion Is recognised so os to write off the cost or valuation of assets less their re￿dual valuas over their
Useful lives on the foll¢)wing basg$.'
Fixture5, filting¥ & equipment
15% Reducing balance
The galn or loss adslng on the dS8p08al of an asset 18 detemined as the differen￿ be￿an the 88le
pro¢god$ and the ￿rying value of the assfrt, and 1$ credited or charged to surplus or deficit.
1A Impalmient of Ilxed assets
At each r8POrting period 8nd dat8, th8 company r8vi8ws the carying amounts of its langil)le assets lo
determlne whether there Is any Indicatlon that those 885el8 have suffered an impaimient loss. If any such
indicaliDn exists, the recoverable amount of the a88et 18 estimated in order lo delennine the extent of the
impaimienl loss lif any). Wnere il is not possible to 8slimale the recoverable amount of an individ￿1 asset,
the company estimates the recoverable amount of the cash-generating unil lo which the asset belongs.
1.6 Cash and cash •qulvalènts
Cash and cash equivalents are basic financial assets and Indude cash in hand. d8wts held al c811
banks, other short-temi liquid investments ￿ original molurilies of three months or less, ond bank
overdrafts. Bank overdrafts are sknm within bOrro￿￿ng$ in current liabilitios.

LAMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Conilnuedl
1.6 Flnan¢lal In$trum•nts
The company has elected to aP￿Y the &￿0VISIOnS of Section 11 'Basic Financial Instrument$. and Section 12
'Other Finanoal Instruments Issues, of FRS 102 to all of ils finanrAal instruments.
Financial instruments are recognised in the companls balance sheet Yknen the company become$ paty to
the contractual pmwsions ofthe instrumenL
Flnanclal assets and li8bilibÈ$ are off¥et, vAlh the net amounts presented in the finanual stat&morts, w￿n
there Is a legally enforeeable right lo sel off the reccgni$ed amounts and there18 an Intention to settle on a
nat basls or lo realise the asset and settle the liability simultsneously.
Basic financial assets
Basic financ4al asse15, whith indude dobtor5 and cash and bank balances, are initially measured al
transacti￿ Pr￿ including transaCtiC￿ costs and are subsequently carried al amortised cost using the
effective interest method unless the arrangement constitutes a fin8ncing transaction, where the transaction is
measured al the present value of the fulure receipts discounted 81 a market rale of interest. Financial assets
classtfied as receivatAe within one year are not amortised.
classif￿?*0￿ of Ilnanclal Ilabnltles
Financial liabilities and equity instruments are classthed according to Ihg substsnce of the contradual
arrangements entered into. An equity instrument 13 any contract that ewdences a residu￿ interest in the
assets of the company after deductiThJ all ot it5 liabilities.
8aslc flnandal liabili¢i•$
Ba51¢ financial liabilitie5, including creditors. bank loans, loans from fellow group ¢ompani88 and preference
shares that are dassffied as debt, ar& initially recognised al transaction price unless the arrangement
constitutes 8 finar￿l￿g transaction. vthere the debt instrument Is measured at the present value of the fuiura
payments dI￿ounted at a market rate of Interest. Finandal Ilabllltl&g clagslfied as payable wlthin one year we
not amortised.
Debt instruments are sub8equenlly carried at amc4118ed cost. uslng the effectlve interest r8te method.
Trade creditors are obligations to pay for goods or servi¢e¥ that have been acqulred in th8 ordinary course
business from suppliers. Amounts payable are classiffied as I￿rrent liatilrties if payin8nt is due within one year
or le¥s. If not, they are presented 98 non-cijrrent liabilities. Trade creditors are Tecognised initially at
transaction price subsequenuy measured at am(ytised cost Using the 8ffective intere81 method.
1.7 Tax•tlon
The company is exempt Ibm ¢orForation lax. it being a company not carrying on a business for the purwses
of making a profit.
1.8 R•tlrement bfrneffts
Payments lo defined contrilwtion retirement ben8fit schomes are c*iarged as an exFense as they fall due.
1.9 L•as88
Rentals payable under operating leases. including any lease inGentives recwved. are charged to profft or loss
on g straight line basis over the tem of the ￿levant lease except %there another more sy81ematic b*is 1$
more repre5entatlve of the Ilme pattem in which economic benefits from the leases asset ar8 consumad.

L,AMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2022
A¢countlng pollcle8
IContinu8d
1.10 Gov¢mment grants
Govemment grants are recognised al the fair value of the asset re￿1v￿ or re￿ivable ￿en there is
reasonable assurance that the grant condil'ons will b& met and the grants will be recelved.
A grant that spwifies p9rformance conditions 18 recognised in income when the p8rfomiance conditions are
mel. Where a grant does not performance conditions it 18 recognised in income when the proceeds
are received ￿ receivable. A grant received befora the recognition criteria are satlsffied 18 recognised as a
Judgements and key sourcas of estimatlon un¢•rt4lnty
In the applicati¢￿ of the compony's a￿OUntr.ng polirAe$, the directors ale required to make judgem8nl8,
estimat8S and assumptions about the carrying amount of assets and liabilities that are not readily appatgnt
frcffl other sources. The estimates and assoclated assumptions are based on hlstoric81 exp8rience and other
factCf8 that are considered to be reievanl. A(*ual results may dlffer from these estimates.
The estimates 8ThJ underfying assumw'ons are reviewed on an ongoing basis. Remsions to accounting
estimates are iecognised in the peritid in which the ostimate is revised vthere the revr5ron affects c￿lY that
period, or in thg period of th8 ravision and future ￿riods where the revision affects both tsjrranl and futuie
Per￿$.
Employ905
average monthly numbgr of persons lirKludlng director8) ￿ployed by the eompany during the yoar was..
2022
Number
2021
Numb•r
Total
35
35

L.AMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
FlnanGlal commlbnents. guarantees and contlngent Ilabilltlel
Th& Company is mairrtaining sufficlent ￿serveS to have the funds to meet a redundancy cost of £51.648 In
event olthe company ceaslng.

Company registrntion numbor 062284381England and Wa1951
OFFICE COPY
LAMESLEY CHILDCARE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

LAMESLEY CHILDCARE
coNTE￿rS
Page
Dlre¢tor6' report
Accountants. rewt
Income artsj expond6ture a¢￿Unt
Balance tsheet
Notes to the financial statements

LAMESLEY CHILDCARE
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The dlrectors present th￿r annual repryt and financial stslemenls f￿ the year end8d 31 Ma￿h 2022.
Prlnclpal activiti88
The principal actlvSty of the company conlinued to be that of a thild care cenlre.
Dirèctorn
The diroGtors who held office during the year aNI up to the dat8 of signature of the financial staiements were as
follows..
Mrs JoarbAtexand8rs
Mrs Tracy Dawson
chr18b.ne Kennedy
Small companle$ exemptron
This report has been preparad In accordarKg vJilh ts wovisions applit￿ble lo companies entiued to the small
comp8nios exemption.
By order of the board
Joan Alexanders
Date..

L￿MESLEy CHILDCARE
CHARTERED ACCOUNTANTS. REPORT TO THE 80ARD OF DIRECTORS ON THE
PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
LAMESLEY CHILDCARE FOR THE YEAR ENDED 31 MARCH 2022
In order to assist you lo hjlfil your duties under the Companies Act 2C4]6, we have prepared for your apkyoval the
financial statements of Lamesley Childcare for th8 year ended 31 March 2022 set out on pages 3 to 9 from the
company's xcountiro records and frcm information and explanations you have given us.
A5 a practi￿r￿￿ membèr fim of the Instrtute of Chart8r8d Accountants in England ond Wale8 (ICAEWI, we are
subject to its ethical and other professional requirements which are detailed at Mty5'.IAwhv.i¢aew.comlrewlation
This ￿p)rt Is made solely to the Board of Directors of Lamèsley Chiklcare, as o body, in accordance ￿th the tems
of our engagement lettèr dated 31 Marth 2008. Our work has been undertaken $olely to prepare for your 8pproval
the financral statements of Lamesley Childc8re and slal8 those matters that we have agreed to state lo the Board of
Diredors of Lame￿eY Childcare, a$ a body, in this report in 8ccordance wlh ICAEW Technical Release 07116 AAF.
To the fijllest extent pernirtted by law, we th) not accept or assume resp)nsibilty to anyone other Ihan Lamesley
Childcare and its Board of Directors 8$ a body. tor our work or for this report.
It is your duty to enyure that Lam8sl8y Chiklcare has kapl *Jequate 8ccounting racords and to prepare ¥tslutory
finanaal statements that give a true and fair ￿eW of the assets, Ilablltties, ffinanclal position and sury)lus of Lamesley
ChIld¢￿re. You consi(kr that Lamesley Childcar618 exempt fTom the ststutory audit requirement for the year.
We have n()t been instructed to carry txrt an audit or a review of the ffin8nci81 ststements of Lamesley Childcare. For
this reason, we have not verffied the accuracy or complet9ness of the accounting records or informelion and
explanations you have gwen to us and we do not, Iherafore, express any opinion on stalLrtory fironcial
slatemenls.
Munxy and Lamb
Chartered Accountants
12 Be￿Mer Court, Hownsgill Ind Pork
Consett
Co Durham
DH8 7BL

LAMESLEY CHILDCARE
IMCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Income
Adrninistralive expenses
Other operating iwme
482.348
1485.1381
9,655
230,558
{431.2371
169,263
Operating surpluslldeflc5ti
6.865
131.4181
Interest re￿Ivable and similar income
27
40
8urplu&l{deflcft) before taxatlon
6,892
131,3761
Tax on surpluslldefi¢itl
SurpfupJld•ficit) for tho financial yaar
6,892
131,3761
The income and expenditure account has been prepared on the basis that all operations are continuing oFerations.

LAMESLEY CHILDCARE
BALANCE SHEET
ASAT31 MARCH 2022
2022
2021
Flxed a$$•ts
Tangible assets
12,311
19,073
Current a88ets
Deblors
Cash at bank and in hand
5.207
267,164
5,994
197.251
272,371
203245
Crodltorl: amounts tslllng duo wlthln
ono yoar
(132,962)
177,490)
Plet current assots
139,409
125,755
Ngt a880ts
151,720
144,828
Reser
Income and expenditure atLount
151,720
144,828
Members, funds
151,720
144,828
For the firanci81 year and￿1 31 March 2022 th& company was ￿tIlled to exemption from audrt under Section 477 of
the CompaniesAct 2006 relating to small companies.
The dlrectors ackncA¥ledge Il*lr respon*'￿'1￿1e3 for tomplying wilh the requirements of the Compani8s Ad 20
with respect lo acwJnlirYJ records and the preparatlon of financial slal&ment8.
The members have not requlred the company to cbtaln an 8LbJit of Its ff nancial statements for the ye8r In questlon in
accordance with sec*lon 476.
These financial ststements hove been prepared in aCc￿danCe the provisiefis applicable to companies subject
to th8 small Companies regime.
The financial statements were approved by the bowd of directors and authorised for Issue on ......................... and
are ￿gned on Its behalf by..
Joan Alexanders
ctor
Company Regl$tr•tlon No. 06228438

L.AMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
A¢covnting poIici•s
Company Inft>miatlon
Lamesley Chlldtare Is a private company limited by guarantee incofporated in England and I￿185. The
registered offlce is StAndrews Church Hall, Lamesley Crossroads, Lamerjey, Gateshead. NE11 OEU.
1.1 Accounting convèntion
These finanrial $1olement$ have been prepared in accordance Mth FRS 102 The Flnancial Reporting
Standard applicable in the UK and Republic of Ireland. l FRS 1021 ond the requirements of the com￿nI?5
Act 2006 as applicable to companies S￿￿e¢t to the small ts)mpanies regime. The disclosure requirements of
section 1A of FRS 102 have been applied other than where additional disclosure is required lo show a true
arKI fair view.
The financial stslements gre prepared in jtsrting. which 15 the fvnrtional currency of the company. Monetary
amounts in these finanaal stslemenls are rounded to the nearèst £.
The financial statements have been prepared under the hi81orical o)st convention, Imodified lo indude the
revaluation of freehold properbes and to indude investment properties and certain financial inslrumenls at fair
valuel. The prin￿paI accounting policies adopted are sel out below.
1.2 Income and expendtture
Income and expenses ar8 included in the financial sl01om8nl$ a$ thgy b8￿Me receivable 01 due.
Expen8e8 include VAT where applicable as the company camot redakn It.
1.3 Tanglblo ffxtd ass8ts
Tangible fixed assets are initially measure(l at Cost and 8ubsequenUy measured at cost or valuation. net of
dep￿St10n and any impairment losses.
Depreclalion Is recognised so os to write off the cost or valuation of assets less their re￿dual valuas over their
Useful lives on the foll¢)wing basg$.'
Fixture5, filting¥ & equipment
15% Reducing balance
The galn or loss adslng on the dS8p08al of an asset 18 detemined as the differen￿ be￿an the 88le
pro¢god$ and the ￿rying value of the assfrt, and 1$ credited or charged to surplus or deficit.
1A Impalmient of Ilxed assets
At each r8POrting period 8nd dat8, th8 company r8vi8ws the carying amounts of its langil)le assets lo
determlne whether there Is any Indicatlon that those 885el8 have suffered an impaimient loss. If any such
indicaliDn exists, the recoverable amount of the a88et 18 estimated in order lo delennine the extent of the
impaimienl loss lif any). Wnere il is not possible to 8slimale the recoverable amount of an individ￿1 asset,
the company estimates the recoverable amount of the cash-generating unil lo which the asset belongs.
1.6 Cash and cash •qulvalènts
Cash and cash equivalents are basic financial assets and Indude cash in hand. d8wts held al c811
banks, other short-temi liquid investments ￿ original molurilies of three months or less, ond bank
overdrafts. Bank overdrafts are sknm within bOrro￿￿ng$ in current liabilitios.

LAMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Conilnuedl
1.6 Flnan¢lal In$trum•nts
The company has elected to aP￿Y the &￿0VISIOnS of Section 11 'Basic Financial Instrument$. and Section 12
'Other Finanoal Instruments Issues, of FRS 102 to all of ils finanrAal instruments.
Financial instruments are recognised in the companls balance sheet Yknen the company become$ paty to
the contractual pmwsions ofthe instrumenL
Flnanclal assets and li8bilibÈ$ are off¥et, vAlh the net amounts presented in the finanual stat&morts, w￿n
there Is a legally enforeeable right lo sel off the reccgni$ed amounts and there18 an Intention to settle on a
nat basls or lo realise the asset and settle the liability simultsneously.
Basic financial assets
Basic financ4al asse15, whith indude dobtor5 and cash and bank balances, are initially measured al
transacti￿ Pr￿ including transaCtiC￿ costs and are subsequently carried al amortised cost using the
effective interest method unless the arrangement constitutes a fin8ncing transaction, where the transaction is
measured al the present value of the fulure receipts discounted 81 a market rale of interest. Financial assets
classtfied as receivatAe within one year are not amortised.
classif￿?*0￿ of Ilnanclal Ilabnltles
Financial liabilities and equity instruments are classthed according to Ihg substsnce of the contradual
arrangements entered into. An equity instrument 13 any contract that ewdences a residu￿ interest in the
assets of the company after deductiThJ all ot it5 liabilities.
8aslc flnandal liabili¢i•$
Ba51¢ financial liabilitie5, including creditors. bank loans, loans from fellow group ¢ompani88 and preference
shares that are dassffied as debt, ar& initially recognised al transaction price unless the arrangement
constitutes 8 finar￿l￿g transaction. vthere the debt instrument Is measured at the present value of the fuiura
payments dI￿ounted at a market rate of Interest. Finandal Ilabllltl&g clagslfied as payable wlthin one year we
not amortised.
Debt instruments are sub8equenlly carried at amc4118ed cost. uslng the effectlve interest r8te method.
Trade creditors are obligations to pay for goods or servi¢e¥ that have been acqulred in th8 ordinary course
business from suppliers. Amounts payable are classiffied as I￿rrent liatilrties if payin8nt is due within one year
or le¥s. If not, they are presented 98 non-cijrrent liabilities. Trade creditors are Tecognised initially at
transaction price subsequenuy measured at am(ytised cost Using the 8ffective intere81 method.
1.7 Tax•tlon
The company is exempt Ibm ¢orForation lax. it being a company not carrying on a business for the purwses
of making a profit.
1.8 R•tlrement bfrneffts
Payments lo defined contrilwtion retirement ben8fit schomes are c*iarged as an exFense as they fall due.
1.9 L•as88
Rentals payable under operating leases. including any lease inGentives recwved. are charged to profft or loss
on g straight line basis over the tem of the ￿levant lease except %there another more sy81ematic b*is 1$
more repre5entatlve of the Ilme pattem in which economic benefits from the leases asset ar8 consumad.

L,AMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2022
A¢countlng pollcle8
IContinu8d
1.10 Gov¢mment grants
Govemment grants are recognised al the fair value of the asset re￿1v￿ or re￿ivable ￿en there is
reasonable assurance that the grant condil'ons will b& met and the grants will be recelved.
A grant that spwifies p9rformance conditions 18 recognised in income when the p8rfomiance conditions are
mel. Where a grant does not performance conditions it 18 recognised in income when the proceeds
are received ￿ receivable. A grant received befora the recognition criteria are satlsffied 18 recognised as a
Judgements and key sourcas of estimatlon un¢•rt4lnty
In the applicati¢￿ of the compony's a￿OUntr.ng polirAe$, the directors ale required to make judgem8nl8,
estimat8S and assumptions about the carrying amount of assets and liabilities that are not readily appatgnt
frcffl other sources. The estimates and assoclated assumptions are based on hlstoric81 exp8rience and other
factCf8 that are considered to be reievanl. A(*ual results may dlffer from these estimates.
The estimates 8ThJ underfying assumw'ons are reviewed on an ongoing basis. Remsions to accounting
estimates are iecognised in the peritid in which the ostimate is revised vthere the revr5ron affects c￿lY that
period, or in thg period of th8 ravision and future ￿riods where the revision affects both tsjrranl and futuie
Per￿$.
Employ905
average monthly numbgr of persons lirKludlng director8) ￿ployed by the eompany during the yoar was..
2022
Number
2021
Numb•r
Total
35
35

L.AMESLEY CHILDCARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
FlnanGlal commlbnents. guarantees and contlngent Ilabilltlel
Th& Company is mairrtaining sufficlent ￿serveS to have the funds to meet a redundancy cost of £51.648 In
event olthe company ceaslng.