REGISTERED COMPANY NUMBER: 06258291
REGISTERED CHARITY NUMBER: 1124855
Belsay Daycare Limited
Report of the Trustees and Financial Statements for the year ended 31 August 2023
Belsay Daycare Ltd Contents of the Financial Statements For the Year Ended 31 August 2023
| Report oftheTrustees | 1 |
|---|---|
| Independent Examiner's Report | 2 |
| Statement of Financial Statements | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5-7 |
| DetailedStatementofFinancialActivities | 8-9 |
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Belsay Daycare Limited Report of the Trustees For the Year Ended 31 August 2023
The trustees, who are also directors of the charity, for the purposes of the Companies Act 2006, present the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP)' Accounting and Reporting by Charities’ issued in March 2005
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number 06258291 (England and Wales)
Registered Charity Number 1124855
Registered Office Belsay First School Belsay NE20 OET
;
Trustees F S Crompton S Peto R C Goldwater (appointed 14/11/22) D M Houghton (appointed 4/5/23) C J Shahabeddin (appointed 4/5/23) D Whyte (appointed 4/5/23) AS Goldwater (appointed 4/5/23) R L Gorstige (appointed 24/5/23) M V Hayes (appointed 24/5/23)
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Independent Examiner
Carol Routledge Ch MoSdy XS] 4|Pips
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STRUCTURE, GOVERNACE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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Approved by order of the board of trustees on wallth Ke 4 RORY cw signed by:
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Mrs FS Crompton—teste@
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Page 1
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF Belsay Daycare Limited
| report on the accounts for the year ended 31 August 2023 set out on pages three to seven.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (‘the Act"). The charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act, to follow the applicable Directions given by the Charity Commission (under section 145(5) (b) of the Act, and
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records.
or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. | 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.
CeOhid DX 4{24
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Belsay Daycare Limited Statement of Financial Activities (Incorporating an income & expenditure account) For the Year Ended 31 August 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted Funds | Unrestricted Funds | ||
| Notes | |||
| INCOMING RESOURCES | |||
| Incoming resources from generated funds | 268 | 19 | |
| Voluntary Income | 255 | 356 | |
| Activates for generating funds | 2 | 90,365 | 68,524 |
| Incoming resources from charitable | 183 | - | |
| activities | |||
| Covid-19 Specific Funding | |||
| - | 4,289 | ||
| Total incoming resources | 91,071 | 73,188 | |
| RESOURCES EXPENDED | |||
| Cost of generating voluntary income | 3 | - | - |
| Other Resources expend | 89,763 | 70,339 | |
| Total resources expended | 89,763 | 70,339 | |
| NET SURPLUS FOR THE YEAR | 1,308 | 2,849 | |
| RECONCILIATION OF FUNDS | |||
| Total funds broughtforward | 89,608 | 86,759 | |
| Surplus fortheYear | 1,308 | 2,849 | |
| TOTALFUNDSCARRIEDFORWARD | 90,916 | 89,608 |
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Belsay Daycare Limited Balance Sheet as at 31 August 2023
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31.8.23 31.8.22
Notes Unrestricted Funds Unrestricted
Funds
FIXED ASSETS
Tangible assets 7 12,828 15,394
CURRENT ASSETS
Debtors 8 2,492 1,054
Cash at bank and in hand 82,214 77,582
84,706 78,636
CREDITORS
Amounts falling due within one year 9 (6,618) (4,422)
NET CURRENT ASSETS 78,088 74,214
TOTAL ASSETS LESS CURRENT 90,916 89,608
LIABILITIES
NET ASSETS 90,916 89,608
FUNDS
Unrestricted funds 10 90,916 89,608
TOTAL FUNDS 90,916 89,608
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006, for the year ended 31 August 2023. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 August 2023, in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for
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a) Ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and
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b) Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financiat statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006, relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Board of Trustees ON ............0.:00eceeeeeeee eee AN WErE signed on its behalf by:
Mrs F S Crompton
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- ACCOUNTANCY POLICIES
Belsay Daycare Limited Notes to the Financial Statements for the Year Ended 31 August 2023
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at rates in order to write off each asset over its estimated useful life.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- ACTIVITIES FOR GENERATING FUNDS
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||||||
|---|---|---|---|---|
|31.8.23|31.8.22|
|Parents|fees|32,530|33,725|
|Government|funding|57,835|34,799|
|Fundraising|income|183|356|
|90,548|68,880|
|COSTS|OF|GENERATING|VOLUNTARY|INCOME|
|31.8.23|31.8.22|
|Fundraising|expenditure|-|-|
|Support|costs|;|-|
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- COSTS OF GENERATING VOLUNTARY INCOME
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Belsay Daycare Limited Notes to the Financial Statements For the Year Ended 31 August 2023 -— continued
4. NET INCOMING/((OUTGOING) RESOURCES Net resources are stated after charging/(crediting):
Depreciation — owned assets
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31.8.23 31.8.22 2,566 2,566
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TRUSTEES’ REMUNERATION AND BENEFITS No trustees’ remuneration or benefits were paid for the year ended 31 August 2023 (2022 Nil)
Trustees’ expenses
No trustees’ expenses were paid during the year ended 31 August 2023 (2022 Nil).
- STAFF COSTS
| 6. STAFF COSTS |
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|---|---|---|---|---|
| 31.8.23 | 31.8.22 | |||
| Wages, Salaries& pension contributions & other staff | 69,968 | 56,912 | ||
| costs | ||||
| The average monthly number ofemployees during the yearwas | as follows: | |||
| 31.8.23 | 31.8.22 | |||
| 5 | 5 | |||
| 7. TANGIBLE FIXED ASSETS |
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| Land & | Plant& | |||
| Buildings | Machinery | Total | ||
| COST | ||||
| At 1 September 2022 | 25,657 | 191 | 25,848 | |
| DEPRECIATION | ||||
| At 1 September2022 | 10,264 | 190 | 10,454 | |
| Charge fortheYear | 2,566 | - | 2,566 | |
| At31August2023 | 12,830 | 190 | 13,020 | |
| NET BOOK VALUE | ||||
| At31August2022 | 15,393 | 1 | 15,394 | |
| At31August2023 | 12,827 | 1 | 12,828 |
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.23 31.8.22 Trade debtors 2,493 1,055
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Belsay Daycare Limited Notes to the Financial Statements For the Year Ended 31 August 2023 - continued
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31,8.22
| Trade Creditors | 975 | 1,287 |
|---|---|---|
| Taxation & social security | 2,925 | 1,615 |
| Other creditors | 2,718 | 1,520 |
| 6,618 | 4,422 |
10. MOVEMENT IN FUNDS
At1.9.22 NetMovement At31.8.23
| Unrestricted funds | - | - | - |
|---|---|---|---|
| General fund | 89,608 | 1,308 | 90,916 |
| TOTALFUNDS | 89,608 | 1,308 | 90,916 |
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| Unrestricted funds | 91,071 | 89,763 | 1,308 |
| General funds | = | ||
| TOTALFUNDS | 91,071 | 89,763 | 1,308 |
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Belsay Daycare Limited Detailed Statement of Financial Activities For the Year Ended 31 August 2023
| 31.8.23 | 31,8.22 | ||
|---|---|---|---|
| INCOMING RESOURCES | |||
| Voluntary Income | |||
| Gifts/Donations | 255 | - | |
| Activities for generating funds | |||
| Parents fees | 32,530 | 30,125 | |
| Governmentfunding | 57,835 | 34,799 | |
| Fundraising income | 183 | 356 | |
| Bank interest received | 268 | 19 | |
| 91,071 | 68,899 | ||
| Other incoming resources | - | 4,289 | |
| (specific to COVID-19 19 pandemic) | |||
| - | 4,289 | ||
| Total Incoming Resources | 91,071 | 73,188 | |
| RESOURCES EXPENDED | |||
| Cost of generating income | |||
| Fundraising expenditure | - | - | |
| . | |||
| Other resources expended | |||
| Staff costs | 69,968 | 56,912 | |
| Food & drink | 5,352 | 3,572 | |
| Consumables | 819 | 840 | |
| Heat& Light | 3,974 | 2,040 | |
| Rent& Water | 159 | 224 | |
| 80,273 | 63,588 | ||
| Support costs | |||
| Management | - | - | |
| Insurance | 1,702 | 1,466 | |
| Telephone& internet costs | 423 | 369 | |
| Postage, stationery& advertising | 357 | 307 | |
| Payroll & professional fees | 850 | 920 | |
| Sundries | 787 | 123 | |
| Repairs & maintenance | 2,805 | 1,000 | |
| 6,924 | 4,185 | ||
| Depreciation | 2,566 | 2,566 | |
| Plant& machinery | |||
| 2,566 | 2,566 | ||
| Total resources expended | 89,763 | 70,339 | |
| Netincome/(expenditure) | 1,308 | 2,849 |
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