REGISTERED CHARITY NUMBER: 1135890
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 15 May 2025
for
Little Peoples Nursery
TaxAssist Accountants
476 St. Albans Road Watford United Kingdom WD24 6QU
Little Peoples Nursery
Contents of the Financial Statements for the Year Ended 15 May 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
Little Peoples Nursery
Report of the Trustees for the Year Ended 15 May 2025
The trustees present their report with the financial statements of the charity for the year ended 15 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Reference and administrative details
Registered Charity number
1135890
Principal address
Birdsfoot Lane Luton LU3 2DN
Trustees
C Doyle D Contaldo
Independent Examiner
TaxAssist Accountants 476 St. Albans Road Watford United Kingdom WD24 6QU
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................................. Trustee
Page 1
Independent Examiner's Report to the Trustees of Little Peoples Nursery
Independent examiner's report to the trustees of Little Peoples Nursery
I report to the charity trustees on my examination of the accounts of Little Peoples Nursery (the Trust) for the year ended 15 May 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Financial Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
Kamlesh Sira The Institute of Financial Accountants
TaxAssist Accountants 476 St. Albans Road Watford United Kingdom WD24 6QU
Date: .............................................
Page 2
Little Peoples Nursery
Statement of Financial Activities for the Year Ended 15 May 2025
| 15/5/25 | 15/5/24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| Income and endowments from | |||
| Donations and legacies | 395,785 | 420,368 | |
| Investment income | 2 | 700 | 712 |
| Other income | 150 | 142 | |
| Total | 396,635 | 421,222 | |
| Expenditure on | |||
| Raising funds | 3 | 81,888 | 14,994 |
| Charitable activities | |||
| Fees | 336,053 | - | |
| Other | - | 352,734 | |
| Total | 417,941 | 367,728 | |
| NET INCOME/(EXPENDITURE) | (21,306) | 53,494 | |
| Reconciliation of funds | |||
| Total funds brought forward | 158,966 | 105,472 | |
| Total funds carried forward | 137,660 | 158,966 |
The notes form part of these financial statements
Page 3
Little Peoples Nursery
Balance Sheet 15 May 2025
| 15/5/25 | 15/5/24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| Fixed assets | |||
| Tangible assets | 7 | 10,016 | 2,538 |
| Current assets | |||
| Debtors | 8 | 1,181 | 520 |
| Cash at bank | 135,707 | 163,151 | |
| Creditors | 136,888 | 163,671 | |
| Amounts falling due within one year | 9 | (9,244) | (7,243) |
| Net current assets | 127,644 | 156,428 | |
| Total assets less current liabilities | 137,660 | 158,966 | |
| NET ASSETS | 137,660 | 158,966 | |
| Funds | 10 | ||
| Unrestricted funds | 137,660 | 158,966 | |
| Total funds | 137,660 | 158,966 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 4
Little Peoples Nursery
Notes to the Financial Statements
for the Year Ended 15 May 2025
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. Investment income
| 15/5/25 | 15/5/24 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 700 | 712 |
continued...
Page 5
Little Peoples Nursery
Notes to the Financial Statements - continued for the Year Ended 15 May 2025
3. Raising funds
Raising donations and legacies
| Raising donations and legacies | |||
|---|---|---|---|
| 15/5/25 | 15/5/24 | ||
| £ | £ | ||
| Support costs | 59,170 | - |
4. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 15 May 2025 nor for the year ended 15 May 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 15 May 2025 nor for the year ended 15 May 2024.
5. Comparatives for the statement of financial activities
| Income and endowments from | Unrestricted fund £ |
|---|---|
| Donations and legacies | 420,368 |
| Investment income | 712 |
| Other income | 142 |
| Total | 421,222 |
| Expenditure on | |
| Raising funds | 14,994 |
| Other | 352,734 |
| Total | 367,728 |
| NET INCOME | 53,494 |
| Reconciliation of funds | |
| Total funds brought forward | 105,472 |
| Total funds carried forward | 158,966 |
continued...
Page 6
Little Peoples Nursery
Notes to the Financial Statements - continued for the Year Ended 15 May 2025
6. Intangible fixed assets
| Goodwill |
|---|
| £ |
| Cost |
| At 16 May 2024 and 15 May 2025 6,000 |
| Amortisation At 16 May 2024 and 15 May 2025 6,000 |
| Net book value At 15 May 2025 - |
| At 15 May 2024 - |
7. Tangible fixed assets
| Cost | Fixtures Plant and and Computer machinery fittings equipment £ £ £ |
Totals £ |
|---|---|---|
| At 16 May 2024 | 1,685 20,377 18,668 |
40,730 |
| Additions | - 9,631 569 |
10,200 |
| At 15 May 2025 | 1,685 30,008 19,237 |
50,930 |
| Depreciation | ||
| At 16 May 2024 | 1,048 18,857 18,287 |
38,192 |
| Charge for year | 159 2,135 428 |
2,722 |
| At 15 May 2025 | 1,207 20,992 18,715 |
40,914 |
| Net book value | ||
| At 15 May 2025 | 478 9,016 522 |
10,016 |
| At 15 May 2024 | 637 1,520 381 |
2,538 |
| Debtors: amounts falling due within one year | ||
| Other debtors | 15/5/25 £ 3,011 |
15/5/24 £ 1,150 |
| Accruals | (1,830) | (630) |
| 1,181 | 520 |
8. Debtors: amounts falling due within one year
continued...
Page 7
Little Peoples Nursery
Notes to the Financial Statements - continued for the Year Ended 15 May 2025
| 9. Creditors: amounts falling due within one year Trade creditors Taxation and social security Other creditors 10. Movement in funds Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
15/5/25 15/5/24 £ £ 1 - 6,956 5,067 2,287 2,176 9,244 7,243 Net At movement At 16/5/24 in funds 15/5/25 £ £ £ 158,966 (21,306) 137,660 158,966 (21,306) 137,660 Incoming Resources Movement resources expended in funds £ £ £ 396,635 (417,941) (21,306) 396,635 (417,941) (21,306) Net At movement At 16/5/23 in funds 15/5/24 £ £ £ 105,472 53,494 158,966 105,472 53,494 158,966 Incoming Resources Movement resources expended in funds £ £ £ 421,222 (367,728) 53,494 421,222 (367,728) 53,494 |
|---|---|
continued...
Page 8
Little Peoples Nursery
Notes to the Financial Statements - continued for the Year Ended 15 May 2025
10. Movement in funds - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net At movement 16/5/23 in funds £ £ 105,472 32,188 105,472 32,188 |
At 15/5/25 £ 137,660 137,660 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 817,857 (785,669) 32,188 817,857 (785,669) 32,188 |
|---|---|
11. Related party disclosures
There were no related party transactions for the year ended 15 May 2025.
Page 9
Little Peoples Nursery
Detailed Statement of Financial Activities for the Year Ended 15 May 2025
| Detailed Statement of Financial Activities for the Year Ended 15 May 2025 |
||
|---|---|---|
| 15/5/25 | 15/5/24 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Gifts | 48,151 | 46,737 |
| Fund Raising & Donations | 200 | 100 |
| Grants | 337,207 | 369,113 |
| Donated services and facilities | 10,227 | 3,573 |
| Apprentice Payment | - | 845 |
| Investment income | 395,785 | 420,368 |
| Deposit account interest | 700 | 712 |
| Other income | ||
| Commission | 150 | 142 |
| Total incoming resources | 396,635 | 421,222 |
| Expenditure | ||
| Other trading activities | ||
| Purchases | 22,718 | 14,994 |
| Support costs | ||
| Management | ||
| Wages | 301,533 | 274,923 |
| Social security | 16,992 | 14,273 |
| Pensions | 6,009 | 5,531 |
| School Dinner | 12,906 | 3,874 |
| Rent | 18,635 | 19,138 |
| Plant and machinery | 159 | 212 |
| Fixtures and fittings | 2,135 | 195 |
| Finance | 358,369 | 318,146 |
| Bank charges | 105 | 110 |
| Information technology | ||
| Repairs and renewals | 4,102 | 5,321 |
| Computer Running cost | 139 | 1,917 |
| 4,241 | 7,238 | |
| Other | ||
| Insurance | 2,795 | - |
| Sundries | 278 | 3,539 |
| Charitable Donation | 150 | 500 |
| Carried forward | 3,223 | 4,039 |
This page does not form part of the statutory financial statements
Page 10
Little Peoples Nursery
Detailed Statement of Financial Activities for the Year Ended 15 May 2025
| Detailed Statement of Financial Activities for the Year Ended 15 May 2025 |
||
|---|---|---|
| 15/5/25 | 15/5/24 | |
| £ | £ | |
| Other | ||
| Brought forward | 3,223 | 4,039 |
| Cleaning | 1,928 | 663 |
| Computer equipment | 428 | 2,399 |
| Other 2 | 5,579 | 7,101 |
| Food & Snacks | 8,981 | 9,391 |
| Staff Training | 1,424 | 1,052 |
| Staff Welfare | 100 | 259 |
| Subscriptions | 2,327 | 4,435 |
| Advertisement | - | 144 |
| Uniforms | 1,269 | 905 |
| Governance costs | 14,101 | 16,186 |
| Telephone | 4,399 | 2,574 |
| Postage and stationery | - | 27 |
| Accountancy and legal fees | 1,200 | 630 |
| Professional Fee | 35 | 225 |
| Other office cost | 7,194 | 497 |
| 12,828 | 3,953 | |
| Total resources expended | 417,941 | 367,728 |
| Net (expenditure)/income | (21,306) | 53,494 |
This page does not form part of the statutory financial statements
Page 11