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2024-12-31-accounts

COMPANY NUMBER: 05319695

CHARITY NUMBER: 1143490

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

DIRECTORS REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Directors' (trustees) report 1-2
Accountants report 3
Statement of financial activities 4
Balance sheet 5-6
Statement of cash flows 7
Notes to the financial statements 8-10

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

COMPANY INFORMATION

Company Number: 05319695
Charity Number: 1143490
Trustees: Mrs L.J. Ingham
Mrs P.A. Trudgill
Directors: Mrs L.J. Ingham
Mrs P.A. Trudgill
Secretary: Mrs L.J. Ingham
Registered Office: Basnett Street Nursery School
Basnett Street
Burnley
Lancashire
BB10 3ES

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

DIRECTORS (TRUSTEES) REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors submit their annual report and the financial statements of the company for the 12 months to the year ended 31 December 2024. The directors are also trustees and have served during the year and up to the date of this report.

Structure, governance and management

The Chatterbox Club is a charitable company. That is to say, it is registered with both within the Charity Commission as a charity and with Companies House as a company limited by guarantee, without share capital.

The charity is administered by a Board of Trustees/Directors. The directors are responsible for strategic and financial planning and for identifying and responding to any risks.

The directors of the charitable company are its trustees for the purpose of charity law and the governing documents of the charity are the Memorandum and Articles of Association.

Objectives and activities

To provide a warm, secure and caring environment for children.

To advance the development and education of children primarily under statutory school age.

To provide high standards of education and childcare.

Achievements and performance

The day to day finances of the setting have been efficiently managed throughout the year continuing to adhere to the financial procedures.

Financial review

During the year the charity generated income of £194,238. The surplus for the year was £4,857.

Page 1

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

DIRECTORS (TRUSTEES) REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of trustees' responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements that for each financial year that shows a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements the trustees are required to:

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

On behalf of the board

Mrs L.J. Ingham

Director

10 July 2025

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THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

ACCOUNTANTS REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006 the accounts have been prepared for your approval for the year ended 31 December 2024 which comprises the Statement of financial activities, the Balance sheet, the cash flows statement and the related notes.

It is your responsibility to ensure that the Chatterbox Club has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets and liabilities.

You consider that a statutory audit is exempt from the statutory audit requirement for the year.

Page 3

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Incoming resources
Incoming resources from generating funds:
Activities for generating funds
Incoming resources from charitable activities
3
Total incoming resources
Resources expended
Charitable activities
4
Governance costs
5
Total resources expended
Net incoming/(outgoing) resources for the year/
Net income/(expenditure) for the year
Total funds brought forward
Total funds carried forward		 Unrestricted
2024
2023
funds
£
0
0
0
194,238
194,238
210,622
194,238
194,238
210,622
188,880
188,880
177,426
500
500
500
189,380
189,380
177,926
4,858
4,858
32,696
97,370
97,370
64,674
102,228
102,228
97,370

The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

Page 4

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
9
Current assets
Debtors: amounts falling due within one year
Cash at bank and in hand
11
Creditors: Amounts falling after one year
12
Net Current Assets
Total assets less current liabilities
Net assets
Funds
Unrestricted income funds
Total Funds		 £
£
£
£
18,803
19,762
8,968
8,968
160,029
152,368
168,997
161,336
(85,568)
(83,724)
83,429
77,612
102,228
97,370
102,228
97,370
102,228
97,370
102,228
97,370
2023
2024		 £
£
£
£
18,803
19,762
8,968
8,968
160,029
152,368
168,997
161,336
(85,568)
(83,724)
83,429
77,612
102,228
97,370
102,228
97,370
102,228
97,370
102,228
97,370
2023
2024
97,370
97,370
97,370
97,370

The Balance Sheet continues on the following page.

Page 5

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31 DECEMBER 2024(CONTINUED)

In approving these financial statements as trustees of the company we confirm:

(a) that for the year ended 31 December 2022 the company was entitled to the exemptions of section 477 of the Companies Act 2006;

(b) that an audit has not been required, pursuant of section 476 of the Companies Act 2006;

© ensuring that the company keeps accounting records which comply with section 386 of the Companies Act 2006:

(d) preparing financial statements which give a true and fair view of the state of affairs of the company.

These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the board on 10 July 2025 and signed on behalf by:

Mrs L.J. Ingham

Director

Page 6

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Cash flows from operating activities
(Loss)/profit for the financial year
Adjustments for:
Depreciation of tangible assets
Decrease in debtors
Increase in creditors
Net cash generated from operating activities
Cash flows from operating activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash and cash equivalents at the end of the year comprise:
Cash at bank and in hand		 2024
2023
£
£
4,858
32,696
959
1,040
0
0
1,844
52,876
7,661
86,612
0
0
7,661
86,612
152,368
65,753
160,029
152,368
160,029
152,368

Page 7

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FIANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 General Information

The Chatterbox Club is a not for profit Company and has no share capital.

2 Accounting policies

2.1 Basis of preparation of financial statements

The financial statements are prepare under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting Charities issued in March 2005 (SORP 2005) and the Companies Act 2006.

2.2 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income.

2.3 Resources expanded

All expenditure is recognised on an accrual basis.

Expenditure includes VAT which cannot be fully recovered.

2.4 Tangible fixed assets and deprecation

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Equipment 15% reducing balance basis Buildings 5% straight line basis

The assets residual value, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 8

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FIANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.5 Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

2.7 Creditors

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured at amortised cost using the effective interest method.

3 Incoming resources for charitable activities

Fees
Grants
4
Costs of charitable activities
Staff costs
Support costs
5
Governance costs
Accountancy fee		 Unrestricted
funds
£
17,192
177,046
194,238
Unrestricted
funds
£
125,690
63,190
188,880
Unrestricted
funds
£
500
500		 2024
2023
Total
Total
£
£
17,192
22,289
177,046
188,333
194,238
210,622
2024
2023
Total
Total
£
£
125,690
129,591
63,190
59,789
188,880
189,380
2023
2022
Total
Total
£
£
500
500
500
500

Page 9

THE CHATTERBOX CLUB LTD (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FIANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

6
Net incoming/(outgoing) resources for the year
Net incoming/(outgoing) resources is stated after
charging depreciation.
7
Employment costs
Wages and salaries
Other costs		 2024
2023
959
1,040
2024
2023
125,690
129,591
0
0
125,690
129,591

The average monthly number of employees during the year was as follows:

2022 2021
8 8

8 Taxation

9
10		 The charity is exempt from taxation.
Tangible fixed assets
Cost:
At 1 January 2024
Addition
At 31 December 2024
Depreciation:
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value:
At 31December 2024
At 31 December 2023
Debtors
Due within one year:
Prepayments
Sundry debtors
Provision for doubtful debts		 Land
and
Buildings		 Fixtures
and
Fittings
Total
£
£
45,100
58,772
0
0
£
13,672
0
13,672 45,100
58,772
5,117
959		 33,892
39,009
0
959
6,076 33,892
39,968
7,596 11,208
18,804
8,555 11,208
19,763
2024
£
0
8,968
0		 2023
£
0
8,968
0
8,968
8,968
11
12		 Cash and cash equivalents
Cash at bank and in hand
Creditors
Sundry creditors
Loans
Accruals		 2024
2023
£
£
160,029
152,368
160,029
152,368
2024
2023
£
£
24,238
24,238
0
0
61,330
59,486
85,568
83,724

13 Related party transactions

There have been no related party transactions throughout the financial year.

14 Company limited by guarantee

The Chatterbox Club is a company limited by guarantee and does not have a share capital.

Page 10