REGISTERED COMPANY NUMBER: 06258291 REGISTERED CHARITY NUMBER: 1124855 Belsay Daycare Limited Report of the Trustees and Financial Statements for the year ended 31 August 2024
Belsay Daycare Ltd Contents of the Financial Statements For the Year Ended 31 August 2024 Report of the Trustees Independent Examiner's Report Statement of Financial Statements Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities
Belsay Daycare Limited Report of the Trustees For the Year Ended 31 August 2024 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 2024. 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 R C Goldwater (appointed 14111122) C J Shahabeddin (appointed 415123 and resigned 3113125) A S Goldwater (appointed 415123) R L Gorstige (appointed 2415123) M V Hayes (appointed 2415123 and resigned 1619124) L Sym (appointed 01101124) Independent Examiner Lucy Smyth 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. Approved by order of the board of trustees on 17 May 2025 .and signed by.. Mr A S Goldwater .Trustee Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Belsay Daycare Limited I report on the accounts for the year ended 31 August 2024 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 examinevs 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 Conrning 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. 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. 101 fj Page 2
Belsay Daycare Limited ststement of Financial Activities (Incorporating an income & expenditure account) For the Year Ended 31 August 2024 2024 Unrestricted Funds 2023 Unrestricted Funds Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary Income Activates for generating funds Incoming resources from charitable activities 861 268 255 90,365 183 74,225 2,882 Total incoming resources 77,968 91,071 RESOURCES EXPENDED Cost of generating voluntary income Other Resources expend 97,688 89,763 Total resources expended 97,688 89,763 NET SURPLUS FOR THE YEAR 19,720 1,308 RECONCILIATION OF FUNDS Total funds brought forward 90,916 89,608 (Deficit)Isurplus for the Year (19,720) 1,308 TOTAL FUNDS CARRIED FORWARD 71,196 90,916 Page 3
Belsay Daycare Limited Balance Sheet as at 31 August 2024 31.8.24 Unrestricted Funds 31.8.23 Unrestricted Funds Notes FIXED ASSETS Tangible assets 10,261 12,828 CURRENT ASSETS Debtors Cash at bank and in hand 2,505 63,948 66,453 2,492 82,214 84,706 CREDITORS Amounts falling due within one year 5,518 6,618 NET CURRENT ASSETS 60,935 78,088 TOTAL ASSETS LESS CURRENT LIABILITIES 71,196 90,916 NET ASSETS 71,196 90,916 FUNDS Unrestricted funds 10 71,196 90,916 TOTAL FUNDS 71,196 90,916 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006, for the year ended 31 August 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 August 2024, in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for a) Ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and 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 othemise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial 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 signed on its behalf by: and were MrA S Goldwater...............Trustee
Page 4 Belsay Daycare Limited Notes to the Financial Statements for the Year Ended 31 August 2024 1. ACCOUNTANCY POLICIES 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. 2. ACTIVITIES FOR GENERATING FUNDS 31.8.24 31.8.23 Parents fees Government funding Fundraising income 33,995 40,230 2,882 77,107 32,530 57.835 183 90,548 3. COSTS OF GENERATING VOLUNTARY INCOME 31.8.24 31.8.23 Fundraising expenditure Support costs
Page 5 Belsay Daycare Limited Notes to the Financial Ststements For the Year Ended 31 August 2024 - continued 4. NET INCOMINGI(OUTGOING) RESOURCES Net resources are stated after chargingl{crediting): 31.8.24 2,567 31.8.23 2,566 Depreciation - owned assets 5. TRUSTEES, REMUNERATION AND BENEFITS No trustees, remuneration or benefits were paid for the year ended 31 August 2024 (2023 Nil) Trustees, expenses No trustees, expenses were paid during the year ended 31 August 2024 (2023 Nil). STAFF COSTS 31.8.24 31.8.23 Wages, salaries & pension contributions & other staff costs 76,214 69,968 The average monthly number of employees during the year was as follows: 31.8.24 31.8.23 7. TANGIBLE FIXED ASSETS Land & Buildings Plant & Machinery Total COST At 1 September 2023 25,657 191 25,848 DEPRECIATION At 1 September 2023 Charge for the Year At 31 August 2024 12,830 2,566 15,396 190 13,020 2,567 15,587 191 NET BOOK VALUE At 31 August 2023 At 31 August 2024 12,827 10,261 12,828 10,261 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Trade debtors 2,505 2,493
Page 6 Belsay Daycare Limited Notes to the Financial Ststements For the Year Ended 31 August 2024 - continued 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Trade Creditors Taxation & social security Other creditors 902 1,304 3,312 5,518 975 2,925 2,718 6,618 10. MOVEMENT IN FUNDS At 1.9.23 Net Movement At 31.8.24 Unrestricted funds General fund 90,916 (19,720) 71,196 TOTAL FUNDS 90,916 19,720 71,196 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General funds TOTAL FUNDS 77,968 97,688 (19,720) 77,968 97,688 19,720 Page 7
Belsay Daycare Limited Detailed Statement of Financial Activities For the Year Ended 31 August 2024 31.8.24 31.8.23 INCOMING RESOURCES Voluntary Income GiftslDonations 172 255 Activities for generating funds Parents fees Government funding Fundraising income Bank interest received 33,824 40,230 2,882 860 32,530 57,835 183 268 Totsl Incoming Resources 77,968 91,071 RESOURCES EXPENDED Cost of generating income Fundraising expenditure Other resources expended Staff costs Food & drink Consumables Heat & Light Rent & Water 76,214 4,329 619 3,561 69,968 5,353 819 3,974 159 80,273 84,723 Support costs Insurance Telephone & internet costs Postage, stationery & advertising Payroll & professional fees Sundries Repairs & maintenance 1,879 446 329 2.019 2,302 3,423 10,398 1,702 423 357 850 787 2,805 6,924 Depreciation Plant & machinery 2,567 2.566 2,567 2.566 Total resources expended 97,688 89,763 Net (expenditure)lincome 19,720 1,308 Page 9