**Charity registration number 1164075 (England and Wales)**
**Company registration number 05758223**
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mrs K Lamb|
|---|---|
||Mrs E Wood|
||Mrs A Blair|
||Mrs L Hogg|
|**Key Management Personnel**|A Blair|
||C Wigham|
||C Highmore|
|**Charity number (England and Wales)**|1164075|
|**Company number**|05758223|
|**Registered office**|Pear Tree Nursery|
||Mary Street|
||Longtown|
||Carlisle|
||CA6 5UG|
|**Independent examiner**|Stuart Farrer BA(Hons), FCA, DChA|
||Sterling House|
||3 Wavell Drive|
||Rosehill|
||Carlisle|
||Cumbria|
||CA1 2SA|
|**Bankers**|Cumberland Building Society|
||Cumberland House|
||Cooper Way|
||Parkhouse|
||Carlisle|
||CA3 0JF|
||HSBC Bank Plc|
||Agriculture|
||325 Kingstown Road|
||CARLISLE|
||Cumbria|
||CA3 0BJ|
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Statement of trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 16|
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011, the Companies Act 2006 and "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).
## **Objectives and activities**
To provide after school care and to be in operation if the provision offered by Longtown Day Nursery was discontinued whereby Longtown Childcare Trust would take over the management of this provision.
1. To continue to provide high quality sustainable childcare.
2. To consolidate financial security.
## _Strategies for achieving aims and objectives_
In order for the trust to achieve its objectives it must preserve its current good OFSTED inspection and maintain the experienced and efficient management team.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
Longtown Childcare Trust Limited is a charity and is a company limited by guarantee. It is registered with Companies House and the Charities Commission. It provides nursery services for children from birth to school age. In addition, it provides before and after school childcare and holiday club services for primary school age children.
A loss of £20,840 was made in this financial year. This is a decrease of £27,827 from the profit made last year which was £6,987.
We are at a greater loss this year due to having two members of staff on maternity leave and being overstaffed on their return. Our playground has been improved with a new fenced area to include a shelter. We have had an extra toilet built into the Preschool room which has made a huge improvement. We have updated our computers and telephones to stay up to date with current software.
As of April & September 2024, most of our children are now funded through the new government funding scheme for working parents. We receive a higher rate for this per hour than what we would charge.
## **Financial review**
Overall, in the financial year ended 31 March 2024, Pear Tree Nursery has made a loss of £20,840 compared to last year's profit of £6,987. The total funds carried forward for this year are therefore down by this amount from the previous year.
## _Reserves policy_
The trustee's intention is to build a reserve of a maximum of 6 months regular outgoings. This is kept in a separate, interestbearing account. The total amount of reserves at the year end was £110,581, which is all included within unrestricted funds.
- 1 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
_Major risks_
The Trustees consider that the major risks to which the charity is exposed are:
- Risk to income (e.g. drop in fee income affecting business viability);
- Risk to financial assets;
- Loss of data;
- Risk of accidents and incidents;
- Risk to reputation and consequential loss of business and funding streams (e.g. an inadequate OFSTED inspection).
The steps taken to mitigate the risks set out above are:
- Flexibility of staff hours together with robust forward forecasting of expected take up of places;
- Internal administrative and financial controls are in place and implemented;
- Trustees regularly monitor finances;
- Records are stored in computerised and paper formats and computer data is backed up regularly;
- Insurance is in place covering business contents, employers' liability and public liability;
- All staff have up to date safeguarding, first aid and food hygiene training;
- Risk assessments and policies are in place and reviewed regularly;
- All staff, Trustees, volunteers and students have a current DBS check in place and are encouraged to join the DBS update service;
- All staff have regular supervision meetings with the manager so safeguarding, training, concerns and health issues e.g. medication can be discussed
## **Structure, governance and management**
The Charity is a company limited by guarantee and governed by its Memorandum and Articles of association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mrs K Lamb
Mrs E Wood
Mrs A Blair
Mrs L Hogg
_Recruitment and appointment of trustees_
- Undertake a skills audit of existing board members
- Consider the diversity of the Board, and the representation from different sections of the community
- Produce a job description and person specification
- Compile an information pack
- Check governing documents
- Make verbal enquiries of likely candidates
- Place an advert in:
- Parents newsletter
- Local publications
- Appropriate newspaper/internet site
- Check candidates' eligibility
- Interview candidates
- Appoint trustee, following up references and CRB checks
- Conduct formal induction
- 2 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## _Organisational structure_
The decision-making powers are invested in the board of Trustees. We have a Childcare Manager and a Finance Administrator as well as a Deputy Manager/Room Supervisor and two other Room Supervisors. There are also seven childcare staff and additional support from student volunteers.
## _Induction and training of trustees_
Induction pack of information and policies which includes:
- Governing documents
- Policies
- Annual Report
- Minutes of former meetings
- Induction tour and introductions
- Individual working with Business and Childcare Manager
The trustees' report was approved by the Board of Trustees.
Mrs E Wood Mrs L Hogg **Trustee Trustee**
17 December 2024
- 3 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees, who are also the directors of Longtown Childcare Trust Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the 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 concern basis unless it is inappropriate to presume that the trust will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF LONGTOWN CHILDCARE TRUST LIMITED**
I report to the trustees on my examination of the financial statements of Longtown Childcare Trust Limited (the trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the trust (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the trust as required by section 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
## **Stuart Farrer BA(Hons), FCA, DChA**
Sterling House 3 Wavell Drive Rosehill Carlisle Cumbria CA1 2SA 18 December 2024
- 5 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
497
737
Charitable activities
**4**
287,876
-
Investments
**5**
1,529
-
**Total income**
289,902
737
**Expenditure on:**
Charitable activities
**6**
310,742
737
**Total expenditure**
310,742
737
**Net income/(expenditure) and movement in funds**
(20,840)
-
**Reconciliation of funds:**
Fund balances at 1 April 2023
131,421
-
**Fund balances at 31 March 2024**
110,581
-|**Total**
**Unrestricted**
**funds**
**2024**
**2023**
**£**
**£**
1,234
934
287,876
292,681
1,529
758
290,639
294,373
311,479
287,386
311,479
287,386
(20,840)
6,987
131,421
124,434
110,581
131,421|**Total**
**Unrestricted**
**funds**
**2024**
**2023**
**£**
**£**
1,234
934
287,876
292,681
1,529
758
290,639
294,373
311,479
287,386
311,479
287,386
(20,840)
6,987
131,421
124,434
110,581
131,421|
|---|---|---|
|||294,373
287,386|
|||287,386|
|||6,987
124,434|
|||131,421|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**14**
**Net current assets**
**Total assets less current liabilities**
Deferred income
**15**
**The funds of the trust**
Unrestricted funds
**18**|**2024**
**£**
3,717
84,819
88,536
(12,181)|**£**
37,727
76,355
114,082
(3,501)
110,581
110,581|**2023**
**£**
2,923
107,052
109,975
(12,302)|**£**
37,746
97,673
135,419
(3,998)
131,421
131,421|
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 17 December 2024
Mrs E Wood Mrs L Hogg **Trustee Trustee**
Company registration number 05758223 (England and Wales)
- 7 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
Longtown Childcare Trust Limited is a public benefit entity and a private company limited by guarantee incorporated in England and Wales. The registered office is Pear Tree Nursery, Mary Street, Longtown, Carlisle, CA6 5UG.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the trust's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the entity
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
## **1.4 Income**
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 10% straight line Plant and equipment 15% reducing balance Fixtures and fittings 15% reducing balance Computers 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 9 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the trust’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 10 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Grants
497
737
**Grants**
Grants Amortisation
-
-
Government grant income -
CJRS
-
-
Other
497
737
497
737|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
1,234
934
-
-
584
-
-
350
-
1,234
-
-
1,234
934
-|**Total**
**2023**
**£**
934|
|---|---|---|
|||584
350
-|
|||934|
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|**Nursery Fees**|||
|Services provided under contract|287,876|292,681|
|**Income from investments**|||
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Interest receivable|1,529|758|
**5 Income from investments**
- 11 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **6 Expenditure on charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**Expenditure**|**Expenditure**|
||**2024**|**2023**|
||**£**|**£**|
|**Direct costs**|||
|Staff costs|237,941|214,786|
|Rates|25,128|26,429|
|Insurance|1,347|1,214|
|Staff Training Fees|1,075|225|
|Cleaning|2,583|2,091|
|Food and Consumables|15,149|17,051|
|Sundry|3,990|6,127|
||287,213|267,923|
|**Share of support and governance costs (see note 7)**|||
|Support|21,775|16,834|
|Governance|2,491|2,629|
||311,479|287,386|
|**Analysis by fund**|||
|Unrestricted funds|310,742|287,386|
|Restricted funds|737|-|
||311,479|287,386|
|**Support costs allocated to activities**|||
||**2024**|**2023**|
||**£**|**£**|
|Depreciation|6,209|5,534|
|Sundry Expenses|5,831|6,590|
|Cleaning|6,070|2,481|
|Repairs and Maintenance|1,127|1,040|
|Printing, Postage and Stationery|716|551|
|Bank Charges|697|-|
|Telephone|1,125|638|
|Governance costs|2,491|2,629|
||24,266|19,463|
|**Analysed between:**|||
|Charitable Expenditure|24,266|19,463|
## **7 Support costs allocated to activities**
- 12 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**8**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable to the charity's independent examiner:|||
||- for the independent examination of the charity's financial statements|665|2,495|
||- for other financial services|1,924|-|
||Depreciation of owned tangible fixed assets|6,209|5,534|
## **9 Trustees**
One trustee has been paid remuneration or has received other benefits from employment with the trust. The trustee only receives remuneration in respect of services they provide undertaking the roles of Nursery Manager under their contract of employment and not in respect of their services as trustees.
The value of trustees' remuneration and other benefits was as follows:
A Blair (Nursery Manager and Trustee):
- Remuneration £20,000 - £24,999 (2023: £15,000 - £19,999)
- Employer's pension contributions paid £0 - £4,999 (2023: £0 - £4,999)
No trustee expenses have been incurred.
## **10 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
15
**2024**
**£**
224,212
9,258
4,471
237,941|**2023**
**Number**
17|
|---|---|---|
|||**2023**
**£**
203,256
7,903
3,627|
|||214,786|
## **Key Management Personnel**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £77,511 (2023: £58,524).
- 13 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **10 Employees**
**(Continued)**
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Tangible fixed assets**
|**Leasehold land**
**and buildings**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**£**
**Cost**
At 1 April 2023
56,856
8,449
38,548
Additions
1,680
-
2,400
At 31 March 2024
58,536
8,449
40,948
**Depreciation and impairment**
At 1 April 2023
29,338
7,176
29,935
Depreciation charged in the year
3,845
191
1,620
At 31 March 2024
33,183
7,367
31,555
**Carrying amount**
At 31 March 2024
25,353
1,082
9,393
At 31 March 2023
27,518
1,273
8,613
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**Computers**
**£**
1,020
2,110
3,130
678
553
1,231
1,899
342
**2024**
**£**
3,717
-
3,717|**Total**
**£**
104,873
6,190|
|---|---|---|
|||111,063|
|||67,127
6,209|
|||73,336|
|||37,727|
|||37,746|
|||**2023**
**£**
1,901
1,022|
|||2,923|
- 14 -
## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **14 Creditors: amounts falling due within one year**
|Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**15**
**Government grants**
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Shown as deferred income on the face of the balance sheet
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Deferred income at 31 March 2024
**16**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
3,797
4,844
991
2,549
12,181
**2024**
**£**
3,501
3,998
(497)
3,501
**2024**
**£**
4,471|**2023**
**£**
4,210
5,284
976
1,832
12,302
**2023**
**£**
3,998
4,582
(584)
3,998
**2023**
**£**
3,627|
|---|---|---|
The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.
## **17 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1**|**April**|**2023**|**Incoming**|**Resources**|**At**|**31**|**March**|
|---|---|---|---|---|---|---|---|---|---|
||||||**resources**|**expended**|||**2024**|
|||||**£**|**£**|**£**|||**£**|
|Pupil premium||||-|737|(737)|||-|
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## **LONGTOWN CHILDCARE TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **18 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 April 2023**|**Incoming**|**Resources**|**At 31 March**|
|---|---|---|---|---|
|||**resources**|**expended**|**2024**|
||**£**|**£**|**£**|**£**|
|General funds|131,421|289,902|(310,742)|110,581|
|**Previous year:**|**At 1 April 2022**|**Incoming**|**Resources**|**At 31 March**|
|||**resources**|**expended**|**2023**|
||**£**|**£**|**£**|**£**|
|General funds|124,434|294,373|(287,386)|131,421|
## **19 Analysis of net assets between funds**
||**Unrestricted**|
|---|---|
||**funds**|
||**2024**|
||**£**|
|**At 31 March 2024:**||
|Tangible assets|37,727|
|Current assets/(liabilities)|76,355|
|Provisions and deferred income|(3,501)|
||110,581|
||**Unrestricted**|
||**funds**|
||**2023**|
||**£**|
|**At 31 March 2023:**||
|Tangible assets|37,746|
|Current assets/(liabilities)|97,673|
|Provisions and deferred income|(3,998)|
||131,421|
## **20 Related party transactions**
Other than as already disclosed in note 9, there were no other disclosable transactions with the related parties (2023: Trustee Mrs A Blair's child attended the nursery. The trustee did not receive any special rates or discounts).
- 16 -