Company regislration number: 06821449
Charity registration number: 1130313
Oakway Nursery Limited
(A company limited by guarantee>
Annual Report and Financlal Statements
for the Year Ended 29 February 2024
David Tumer- AIMS Accounlancy
32 Caxton House
Northampton Science Park
Kings Park Road, Moulton Park
Northampton
NN3 SLG

Oakway Nursery Limltod
Contsnts
Reference and Administrative Details
Slrategtc Report
Truslees, Report
3105
Slatgment of Trustees, ResponSibilit￿S
Independent Examinerfs Report
Slatement of Financial Aclivilies
Balance She8t
Nole8 to the Financial Statements
10t015

Oakway Nursery Limited
Reference and Admlnistrative Details
Trustees
C E Buckle (resigned 15 June 2023)
L Freebody
M A Dickerson (resigned 15 June 2023>
R K Sailopal
C G Hinds (appointed 5 June 2023)
R J Hardcaslle (appointed 15 Jun8 2023)
C M Byron (appointed 15 June 2023)
Secretary
C G Hlnds
Prfnclpal Office
Oakway
Wellingborough
Northamptonshire
NN8 4SD
Registered Office
Oakway
Wellingborough
Northamptonshire
NN8 4SD
Thé charity Is incorporated in England.
Company Reglstratlon Number 06821449
Charity Reglstratlon Number
1130313
Bankers
HSBC Bank PLC
Wellingborough
47 Market Street
Wellingborough
Northamptonshire
NN8 1AE
David Tumer- AIMS Accountsn
32 Caxton House
Northampton Science Park
Kings Park Road, Moulton Park
Northampton
NN3 6LG
Inde￿ndOnt Examlner
Page 1

Oakway Nursery Limited
Stratsgic Report for the Year Ended 29 February 2024
The trustees. who are directors the purposes of company law, present their strategic report for the
year ended 29 Febrt￿ry 2024. in coMp￿anCe wth s414C of the Companies Aci 2006.
Achievements and perfommnce
When the day nursery first opened In Sept￿ber 2009 the initial intake was 19 children. For the
Spring 2010 tenn this tncreased to 24 children. The target number to chihjren for the efficient running
of the day nursery is 24 per session.
Funding for the provision of our ser¥ices is provided enlirely by North Northamptonshire Council as
part of the Early Education FurMlirwJ (EEF) programm
The strategic report was approved by trustees of the charity on 7 Novembor 2024 and signed on
its behalf by.
inds
Company Secretary and Trustee
Page 2

Oakway Nursery Llmlted
Trustees. Report
Th• trustees, who are diredors for the purposes of company law. present the annual report together
wlth the financlal statements of the charitable company for the year ￿KIed 29 February 2024.
Objectives and actlvltles
Objects and aims
Our charitls purpose as set out in the objects contained in the companls Memorandum of
AssocHtion is to enhance the develownent arKI education of chiklren primarily under statutory SCI￿1
age ty encouraging parents to Unde￿nd and provide for the needs of their children and by.
(a} offering appropriate play. education and care facilittes. family learning and axtended hours groups
ensuring that such g￿pS offer opportunities for all children whatever their race. culture, ffjffigion,
means or abilty,
(b) working in partnership with other professtonals to best support Ihe needs of the children and the
families attending or accessing the servKes pro%fjded by ¢xganisalions on the Oakway ScI￿OIs site.
The income and property of the charity shall be applied sdely lowards the promotion of the Objects.
In September 2009 the cornpany commenced the admty ot a day nursery arKI took tn ts first group of
prtrschool aged children.
Public benefft
The trustees are aware of the requirements of the Charilies Act 2011 regarding the reporting of the
public benefrt of charity. The trustees recognise that, for the period ended 29 February 2024, their
report is required to include such a reporL In setting the charitys objectives and planning activities.
the trustees and management have given consKleration to the Chanty Commission's general
guidance on public benefft arKI believes that the tharity meets the public benefit requirement.
The trustees c￿￿MI that they hava complied with the requirements of section 4 of the Charities Act
2011 to have due regard to the public benefft guidance published by the Charity commissi￿ for
England and Wales.
Structure• governance and managemont
Governin
Document
Tth? organisation is a charitable company ￿Mited by guarantee. incorp￿￿ed on 17 February 2009 and
registered as a charity on 24 June 2009. The company was established under a Memordndum of
Association which established the obj.ects and powers of the charitable company and is govemed
under its Articles of Assockn8kn'on. In the event of the company being wound up, members are required
to contribute an amount not exceediThJ £10 each.
Recruitment arrfl
intment of Trustees
The directors of the company are also ts charity trust&s for purpose of charity law.
As required under the Art￿ of Association, at the first Annual General Meeting all of the Directors
retired from office. All those directors were re4ected. At future Annual General Meetings on&third of
the directors must retire. The Directors to retire by rotalion shall be those who have been bngest in
office since their last appointmenL The directors retiring by rotation may be re4lected at the Annual
General Meeting. The number of Directors shall be Mt less than three bul shall not be subj'ect to any
maximum.
Page 3

Oakway Nursery Llmlted
Trustees, Report
The current directors all VKTk in kKal education.
Company law requires the Management Cornmrttee to prepare financial slatements for each financial
year whtch give a In￿ and fair vivw of the state of the affrdirs of the charrtable company as at the
balance sheet date and of its incoming resources and applicatK)n of resources, including income and
expenditure, for the flnan¢ial year. In prepariNJ tlw financial statements, the management
committee shoukl folluw besl practice ￿.
select 8Uitable accounting policies and then apply them consistentty;
makejudgement8 and e8tunate8 that are rwdsonable and prudenl. and
prepare the financial statements on the going concern basls unless it is not appropriate to assume
that the company will continue on that bas￿.
The Management Committee is responsible for maintaining proper accounting records which disc108e
th reasonable accuracy at any time the fmncial position of the charitable company and to enable
them to ensure that the financial statements compty with the Companies Act 2006. Th6 Management
Committee is also responsible for safeguarding the assets of the charitable Company and hence for
tsklng rea80nable Steps for the prevention arnl detecknn of fraud arKI othar irregularittes.
Ll
Members of the Managamenl Committee. 8re dire¢tor8 for the purp088 of cC￿panY law and
trustees for the purpose of Charity law. who served during the year and up lo the date of this report
are set out on page 1 of these finwckql statements.
Aslde from any private donations, the principal fundlng 8our¢e for the charity 18 by way of grants from
North Northamptonshire Council.
The new bulldlng and equipment was funded fr￿Tr Captsl grants. These capital grants are offset
against the cost of the asset in line with standard accounting principles. The building costs show in
balance 8heet at £9,182. Thls represents total of £104,025 less £94.843 total grants received.
Thè running costs of Ihe day nursery arn funded entsrety by the council as part of the Early EdU￿tion
Funding (EEF) programme. Funds are receive(l each school tenn depending on the number of
children attendlng.
Page 4

Oakway Nursery Limitsd
Trustees. Report
Reserves Pol"
At the balance sheet date the eharty had reseTh¢s of £43.542. This comprised a bank balance of
£38.165. fixed assets of £9.182 less committ￿1 expenses of £3.805.
As the charity receives regular grdnts from the council to cover the day-t(￿aY running costs of the
day nursery, this level of reserves is consrdered lo be sUffiC￿nt and prudent by the directors. The
directors consider it prudent for all funds to be hekl in the charity compan￿$ bank account. where it is
instantly accessible when required.
The charitable company not hdd any assets or funds as a 'Custodian Trusteé".
in
Under company and chartty law, dua to its size the charitable companls accounts do not need an
audit but still need to be independently examined by an irKlependent person viith suitable financial
and practical experience. David Tumer of AIMS Accountancy was appointed as Independent
Examiner during the year and has expressed his willingness to contwiue in thal capacity.
The annual report was approved by the trustees of the charity on 7 November 2024 arKf signad on ts
behalf by:
inds
Company Secretary and Trustee

Oakway Nursery Limited
Statement of Trustees. Responsibilitles
The trustees (who are also the diredors of Oakway Nursery Limited for the purposes of company law)
are responsible for preparing the trustees. report and the financial statements in accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting P￿CtICe)
and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial statements unless they are SatiSf￿d that
they give a true and fair view of the stste of affairs of the charitable company and of its incoming
resources and application of resources, including its income and expenditure, for that period. In
preparing these financial statements, the trustees are required to:
select suitable accounting policies and appty thern consistently:
observe the methods and principles in Ihe 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: and
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial position of the chariiable company and enable them to ensure that the financial ststemenls
comply viith the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Approved by the trustees of the charity 7 November 2024 and signed on its behalf by:
Hinds
Company Secretary and Trustee
Page 6

Oakway Nursery Limited
Independent Examiner's Report to the trustees of Oakway Nursery Limited
I report on the accounts of the charity for the year ended 29 February 2024 which a￿ set out on
pages 8 to 15
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are
responsible for the preparation of the accounts. The trustees consider that an audit is nol required for
this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent
examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent examination. it is my responsibility to=
examine the accounts under section 145 of the 2011 Act-
to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145{51{b) of the 2011 Act. and
to state whether particular matters have come to my attention.
8asis of independent examiner's report
My examination was carried out in accordance with Ihe 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 you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence thal 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 matter has come to my attention-
(1) which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting rècords in accordance with sedion 386 of the Companies Act 2006.. and
to prepare ac¢ounts which accord with the accounting records. comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles of
the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met.. or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
David Turner, AIMS Accountancy
32 Caxton House
Northampton Science Park
Kings Park Road, Moulton Park
Northampton
NN3 6LG
7 November 2024
Page 7

Oakway Nursery Umltsd
Statement of Financlal Actlvlties for the Year Ended 29 February 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Galns and Losses)
Unrestrictad
Total
2024
Note
Income and Endovmi•nts from:
Donations and legacies
Investment income
other inc(￿e
80.449
241
80,449
241
1.904
Total Income
82,594
82.594
Exp•ndlturn on:
Raising funds
Charitable activities
{64,298)
3,039
(64.298)
3,039
Total Expenditure
Net incom•
67,337
67.337
15.257
15.257
Net movement In funds
15,257
15,257
Reconclllatlon of funds
Total fund8 brought forward
Total furrfls carried forward
28.285
28,285
11
43,542
Unrestrlcted
fund8
43,542
Total
2023
Note
In¢om• and Endowments from:
Donations and legacies
Inv88tment Income
67.169
57
67,169
57
Total Incom•
67,226
67.228
Exp•ndlture on:
Raising funds
Charitable aclivrtles
(78,287)
2,873
{78.287)
2,873
Tolal Expenditure
Net expenditure
Net movement in fund$
81,160
(81,160
13,934
13,934
(13,934)
(13,934)
Roconclllatlon of funds
Total funds brought forward
Total funds carried forward
42.220
42,220
11
28.2
28,286
All of the chaws aclivitps derive frc¥n continuin9 operations during the above iwo periods.
The funds breakdown for 2023 is slKy*n in nde 11.
Page 8

Oakway Nursery Limlted
(Reglstratlon number 06821449)
Balance Sheet as at 29 February 2024
2024
2023
Flxod assets
Tangble assets
Current a#sets
Cash al bank and in hand
9,182
9.182
38.165
22.627
Credltors: Amounts falllng due wlthln one yur
N•t currnnt a880ts
3,805
3.523
19,104
28.286
Nat a880ts
43.542
Funds of the charlty:
Unrnstrlctod Incom• funds
Unrestricted funds
43,542
28.286
Total funds
11
43,542
28.286
For the financial year ending 29 Fobruary 2024 the charity was entitled to exemptton from audlt under
Section 477 of the Companies Act 2006 relating to Small companies.
Dlrector8' responsibilities:
The membets have not required tho chwity to obtain an audit of its accounts for the year in
question in accordance with Section 476., and
The directors acknowledge their re8ponsl)ililies for complying wilh the requirement8 ol the kt %Mth
respect to accountlng records and the preparatbn of acwjnts.
These accounts have been prepared in aC￿rdanCe wAh the provisions applicable to companlas
subject to the small companies regime.
The financial 8t8t•m•nts on pages 8 to 15 wwe approved by the trustsas, and authori8ed for Is$￿ on
7 November 2024 and signed on their behalf by.
inds
pany Secretary and Trustee
Page 9

Oakway Nursery Llmltsd
Notes to the Financial Statements for the Year Ended 29 February 2024
I Charity ststus
The charty is a charity limited by guaranlee al￿ consequenty does not have share capital. Each of
the trustees is liable to contribute an am(wnt not exceeding £10 lowards thè agsets of the charity in
the event of ttquidatlon.
2 Accountlng pollcles
Summary of slgnlflcant accountlng policles and kèy accountlng estlmatss
The principal accounting policies applied in the preparation of these financFal statanents are set out
below. These policies have been consistenty applied to all the years presented, unless otherbvise
stated.
Statement of compllance
The financial statements have been prepared in accordance wilh Accounting and Reportlng by
Charittes: Statamant of Recommended Practice applicable to charities preparing their accounts in
accordanca with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102> (effective 1 January 2015> - (Charities SORP (FRS 102)), the Financial Rewtlng Standard
applicable in the UK and Republic of Ireland (FRS 102) and Ihe Compani88 Act 2006.
Basls of preparatlon
Oakway Nursery Limited meets the definition of a public b•n•frt entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwis& stated in the
relevant accounting policy notes.
Golng concom
The trustees consider that there are no material uncertaints•8 about the charity8 abilty to continue a8
a going concem nor any signifunt areas of uncertainty that affect the carrying value of assets held by
the charity.
Exemptlon from pr•parSng a cash flow statement
The charity i¥)ted to earty adopt Bullelin 1 published on 2 February 2016 and have therefore not
included a cash flrw statement in these financial statements.
Income and endowments
All income 18 recognised once the Ch￿lty has entittement to the income, it probable Ihat the income
wlll be received arKI the amount of Ihe income receivable can be measured re15abty.
Grants rncelvabl•
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to
the grants have been meL Where perf0rnan￿ conditions are attached to the grant and are yet to be
met, the incorne is fecognised as a I￿lIty and induded on the balance sheet as deferRd income to
be released.
Pa98 10

Oakway Nursery Llmlted
Notes to the Flnanclal Statements for the Year Ended 29 February 2024
Investmtht Incom
DNidends are recognised once the dividW￿ has been declared and notiftsknn has been received of
the dividend due.
Expendlture
All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is
probable settlement is required and the amount ean be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent %Mth the
use of resources, with Central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the Port￿ of the a&seVs use. Other support Costs aro allocated based on the
spread of stsff costs.
Ralslng funds
These are costs incurred in attracting volunlary income. the management of In￿tments and Iho8•
incurred in trading activities that raise fund¥.
Govwnance costs
These include the costs attrfoutable to the charitys compliance wilh constitutional and statutory
requirernents, includirvJ audi( 8trategic management arKI trustee8'8 m•eting8 and reimbursed
expenses.
Gov•rnm•nt grants
Government grants are recognised based on the a¢¢rt￿l model and are mea8ured at the fair value of
the asset received or receivab￿. Grants are classifiad as relating either to revenue or to assets.
Grants relating to revenu• are recognised in income over the period in which Ihe ￿lated costs are
recognised. Grdnts relaUng to assets are rec¢gnised over the expected usefu5 life of the asset. Wherè
part of a grant relating to an asset 18 deferred. it is recognised as deferred income.
Taxatlon
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Ac￿rdinglY. the charity is potentialty exempt frryn taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporalion Tax Acl 2010 or Section
256 of the Taxation of Chargéable Gains Act 1992, to the extent that such income or gains are
applied exdusively to charitable purposes.
TangIb￿ fixed assets
Individual fixed assets costing £0.00 or rnorè are initially recorded at cost. less any subsequent
accumulated depreciatlon and Subsequent accumukted impaimient losse5.
Deprnciatlon and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value. over their expected usefvl economic lrfe as follow8:
Page 11

Oakway Nursery Limited
Notes to th• Financial Statements for tho Year Ended 29 February 2024
Cash and cash equivalents
Cash and cash equNalents comprise cash on hand and call deposits, and other short4erm highty
liquid investrnents that are readily cOnVe￿Ie lo a known amount of cash arKI are subj'ect lo an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in
furtherance of the obiectsves of the charity.
3 Income from donations and legacies
Unrestricted
funds
Total
2023
2024
Grants, including capital grants.
Govemment grants
Grants from other charities
80.299
150
80.299
150
67,169
80.449
80,449
67.169
4 Inv•stment Income
funds
Total
2024
Total
2023
General
Interest receivabk arml similar income:
Interest receivable ¢)n bank deposits
241
241
57
5 Expondlture on charitable activiti•s
Unrestrkted
funds
Total
2024
Total
2023
General
Note
Govemance costs
3.039
3.039
2,873
Page 12

Oakway Nursery Llmlted
Notss to the Financial Ststements for the Year Ended 29 February 2024
Grant
fvnding of
actlvlty
Total
2024
Total
2023
Direct costs
Wages and salaries
Staff pensions
Staff training
Rent
Repairs and maintenance
Insurance
Legal and professional
Accountancy fees
Bank Charges
2,166
71,953
1.383
180
2,201
404
993
315
1.471
60.502
1,227
60,502
1,227
125
1.078
331
1.531
99
125
1,078
331
1,531
99
67,337
67,337
81.160
£67,337 (2023 - £81,160) of the above expenditure was attributable to unrestricled funds and £Nil
(2023 - £Nil) to restricted funds.
6 Trustees remuneratlon and expenses
No trustees. nor any p￿Son5 connected with them. have received any remuneration fmm the charity
during the year.
7 Staff costs
The aggregate payroll costs were as follows:
2024
2023
Staff costs durfng the year were:
Wages and salaries
60,502
No employee received wnoluments of more than £60.000 during the year.
Page 13

Oakway Nursery Limited
Notss to the Flnanclal Statements for the Year Ended 29 February 2024
8 Taxation
The charity is a registered chaity and is thwefore exempt taxalion.
9 Tanglble flxed assets
Other
tangible
fixed asset Total
Land and
bulldlngs
Cost
At 1 March 2023
9.182
21.955
31.137
At 29 February 2024
Depreciation
At 1 March 2023
9.182
21,956
31.137
21,955
21.955
At 29 February 2024
21,955
21.955
Not book value
At 29 February 2024
At 28 February 2023
9,182
9.182
9,182
9.182
10 Credltors: amounts falling due withln one year
2024
2023
Other taxation and sctial securdy
Other creditors
Accruals
597
277
2,931
3,805
507
145
2.871
3.523
11 Funds
Balance at
29 February
2024
Balance at 1
March 2023
Incoming
resourcés
Resources
expended
Unrnstricted fun(
General
28.285
82.594
67,337
43,542
Page 14

Oakway Nursery Limited
Notss to the Flnanclal Statements for the Year Ended 29 February 2024
Balance at
28 February
2023
Balance at I
March 2022
Incoming
resource8
Re8ource8
expanded
Unrestrlctod funds
General
42,220
67,226
28.286
12 Analy•ls of not a880ts b•twgen lunds
Unrnstrlcted
funds
Gen•ral
Totsl fund8
Tangible fixed a88ets
Current assets
Current liabilities
9,182
38,165
3.805
9.182
38.165
3.805
Total net assets
43,542
43,542
13 Analy81s of net fund•
At 1 March
2023
At 29 February
2024
Cash flow
Cash at bank and in hand
22,627
15.538
38,165
Net balance
22,627
15,538
38.165
Page 15