## **Trustees’ Annual Report for the period** ## **From 1 September 2021 to 31 August 2022** ## **Charity name: Bolton Low Houses Childcare Unit** ## **Charity registration number: 1164533** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The charity works for the public benefit
having as its objects the development and
education of children and young people.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The charity develops and educates children
and young people by:
-
Promoting their care and safety
-
Promoting their education and
parental involvement
-
Promoting their health and
wellbeing
-
Providing services to support them
and their families
-
Providing services to individuals
holding membership of the CIO.
-
Furthering the aims of the Pre-
school learning alliance.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had regard to the
guidance issued by the Charity
Commission on public benefit when
planning the activities.| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|BLHCU provides full day care for Pre-
school, playgroup, nursery and play
scheme (during school holidays; up to
12years). Open for 51 weeks of the year,
serves local families up to a 20 mile radius.
The setting provides safe and secure
indoor and outdoor facilities, the
experienced staff of 14 childcare workers
and 1 Administrator and 1 part time
handyman, work with other agencies to
provide suitable care for children with
additional needs such as autism, deaf or
hard of hearing, speech and language.
BLHCU is rurally isolated and so services
are offered to many children who would not
otherwise have access to convenient
preschool education or a play scheme
during school holidays.
BLHCU offers both work experience and
volunteer placements to members of the
community and values the contribution this
makes to the setting.
At the present time we have 67 children
using the facility on a weekly basis, with a
further 13 children using the play scheme.
The financial year has been another
difficult year after the effects of the
Coronavirus pandemic which continued to
cause a difficult operating environment.
Despite this the charity has been able to
continue providing its core range of
preschool education and holiday club
activities. With the help of grant funding
further equipment has been added to
provide stimulating activities for the
children attending.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|This year, the charity had net expenditure
on the general fund of £7,974. There
remains strong general reserves of £87,199
at the period end.
The charity also had net expenditure on the
restricted fund of £916. Reserves on the
restricted fund are £6,170 at the period
end.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The trustees aspire to maintain reserves to
cover 3 months of regular expenditure.
Reserves at 31 August 2022 were £93,369.
The trustees will look to build upon this in
the next financial year.| |Amount of reserves held|Para 1.22|£93,369| |Reasons for holding zero
reserves|Para 1.22|Not applicable| |Details of fund materially in
deficit|Para 1.24|Not applicable| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The charity is a going concern| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by existing trustees| ## **Reference and Administrative details** |Charity name|Bolton Low Houses Childcare Unit| |---|---| |Other name the charity uses|| |Registered charity number|1164533| |Charity’s principal address|Bolton Low Houses Childcare Unit
Bolton Low Houses
Wigton
CA7 8PA| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body)**
**entitled to appoint trustee**
**(ifany)**| |---|---|---|---|---| ||Diane Farrell|||| ||Emma Peile|Secretary||| ||Luke Jourdain|Vice Chairperson|Resigned 15/06/22|| ||Nicola Evans-
Pearson|||| ||Katrina Little|||| ||Matthew Welsh|||| ||HaleyMilburn|||| ||Jayne Varty|Chairperson||| ||Anna Moffatt||Appointed 01/01/22|| ||Sarah Elizabeth
Potts||Appointed 01/01/22|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** None Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |None||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|None| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|Not applicable| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|Not applicable| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Diane Farrell **Position (eg Secretary,** Trustee **Chair, etc) Date** 28 June 2023 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees** Charity Name Bolton Low Houses Childcare Unit **On accounts for the year** 31 August 2022 **Charity no** 1164533 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2022. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination 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. **Signed: Date:** 28 June 2023 **Name:** ALISON WELTON FCA **Relevant professional** ICAEW **qualification(s) or body (if any): Address:** David Allen, Dalmar House, Barras Lane Estate, Dalston, Carlisle, CA5 7NY **Oct 2018** 1 **IER** ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . **Oct 2018** 2 **IER** ## **BOLTON LOW HOUSES CHILDCARE UNIT** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31 AUGUST 2022** |**INCOME**
**Note**
Donations and grants receivable
**2**
Charitable activities
**3**
Trading activities
**4**
Income from investments
**5**
**TOTAL INCOME**
**EXPENDITURE**
Charitable activities
**6**
Raising funds
**7**
**TOTAL EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**11**
Transfers between funds
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Total Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
**89,696**
**738**
**90,434**
103,347
**108,862**
**-**
**108,862**
94,388
**5,341**
**-**
**5,341**
272
**172**
**-**
**172**
27| |---|---| ||**204,071**
**738**
**204,809**
198,034| ||**207,121**
**1,654**
**208,775**
188,787
**4,924**
**-**
**4,924**
179| ||**212,045**
**1,654**
**213,699**
188,966| ||**(7,974)**
**(916)**
**(8,890)**
9,068
**95,176**
**7,083**
**102,259**
**93,191**
**(3)**
**3**
**-**
**-**| ||**87,199**
**6,170**
**93,369**
**102,259**| The Statement of Financial Activities includes all gains and losses recognised in the year. All of the above amounts relate to continuing activities. |**INCOME**
**Note**
Donations and grants receivable
**2**
Charitable activities
**3**
Trading activities
**4**
Income from investments
**5**
**TOTAL INCOME**
**EXPENDITURE**
Charitable activities
**6**
Raising funds
**7**
**TOTAL EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**11**
Transfers between funds
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Total Funds**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**103,347**
**-**
**103,347**
**94,388**
**-**
**94,388**
**272**
**-**
**272**
**27**
**-**
**27**| |---|---| ||**198,034**
**-**
**198,034**| ||**183,211**
**5,576**
**188,787**
**179**
**-**
**179**| ||**183,390**
**5,576**
**188,966**| ||**14,644**
**(5,576)**
**9,068**
**81,792**
**11,399**
**93,191**
**(1,260)**
**1,260**
**-**| ||**95,176**
**7,083**
**102,259**| ## **BOLTON LOW HOUSES CHILDCARE UNIT** ## **BALANCE SHEET** ## **YEAR ENDED 31 AUGUST 2022** |**Note**
**FIXED ASSETS**
Tangible assets
**9**
**CURRENT ASSETS**
Cash at bank
Trade debtors
Stock on hand
Prepayments
Other debtors
**LIABILITIES**
Amounts falling due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**THE FUNDS OF THE CHARITY**
Unrestricted income funds
**10/11**
Restricted income funds
**10/11**
**TOTAL CHARITY FUNDS**
**These financial statements were approved and signed on behalf of the Committee on**|**Total Funds**
**2022**
**£**
**£**
**45,183**
**41,085**
**5,368**
**374**
**1,050**
**8,762**
**56,639**
**(8,453)**
**48,186**
**93,369**
**93,369**
**87,199**
**6,170**
**93,369**|**Total Funds**
**2021**
**£**
48,917| |---|---|---| |||48,553
12,008
272
-
-
(7,491)| |||53,342| |||102,259| |||102,259| |||95,176
7,083| |||102,259| |||| D Farrell Trustee ## **BOLTON LOW HOUSES CHILDCARE UNIT** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31 AUGUST 2022** ## **1 ACCOUNTING POLICIES** ## **Basis of accounting and preparation** These financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Bolton Low Houses Childcare Unit meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the notes to these accounts. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. ## **Income recognition, donations and grants** All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received and the amount of income receivable can be measured. Income from donations and grants, including capital grants, is included in income when these are receivable, except as follows: - when donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. - when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in income until the preconditions for use have been met. When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included in income of restricted funds when receivable. ## **Fund accounting** Unrestricted income funds comprise those funds which may be used for any purpose in furtherance of the charitable objects. Unresticted funds include designated funds, where the Management Committee at their discretion have designated funds for a specific purpose. ## Designated Funds The trustees aim to maintain the continued operation of the charity and to this end have designated funds within the general fund for the following purposes: Building Fund The lease on the current site expires in 2037 and the trustees have earmarked these funds to deal with the lease expiry including either lease renegotiation or site relocation. Equipment Fund The trustees have earmarked these funds for providing future play equipment acquisitions out of general funds. The general fund consists of those funds which the project may use in the furtherance of its charitable objectives at the discretion of the Management Committee. Restricted funds represent grants and donations which have been received for the purposes set out in notes 10 and 11. The application of these funds is restricted by the terms of a special appeal, the express wishes of the donor, the will of the testator or the terms of the grant. **BOLTON LOW HOUSES CHILDCARE UNIT** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31 AUGUST 2022** ## **Expenditure recognition** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliabily. All expenditure is accounted for on the accruals basis and has been classified under headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Overheads and support costs have been allocated between Raising Funds and Charitable Activities. The allocation is based on staff time and a proportion of the administration burden. The allocation of overhead and support costs is analysed in the notes to the accounts. Termination payments do not provide an entity with future economic benefits therefore the charity recognises these immediately as an expense in the Statement of Financial Activities. Governance costs include the costs attributable to the charity's compliance with constitutional and statutory requirements, including independent examination and costs of trustees meetings. ## **Pension costs** The charity has made arrangements with individual pension providers for individual pensions for staff who wish to make use of the opportunity. Contributions payable to the pension schemes are charged to the Statement of Financial Activities in the period to which they relate. ## **Fixed assets** All assets costing more than £500 are capitalised and all assets are valued at historic cost. ## **Depreciation** Depreciation is calculated to write off the cost of an asset, less the estimated residual value, over the useful economic life of that asset. ## **Financial instruments** Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities are classified according to the substance of the contractual arrangements entered into. All financial assets and liabilities are initially recognised at transaction price (including transaction costs). |**2**
**DONATIONS AND GRANTS RECEIVABLE**
Nursery Education Grants
Grants
Donations
Coronavirus Job Retention Scheme Grants
**3**
**CHARITABLE ACTIVITIES**
Nursery income
Playscheme income
**4**
**TRADING ACTIVITIES**
Hot meals
Uniform
**5**
**INCOME FROM INVESTMENTS**
Bank interest receivable|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
88,087
-
-
738
1,147
-
462
-|**Total Funds**
**2022**
**£**
88,087
738
1,147
462
**90,434**
**Total Funds**
**2022**
**£**
87,728
21,134
**108,862**
**Total Funds**
**2022**
**£**
4,961
380
**5,341**
**Total Funds**
**2022**
**£**
**172**|**Total Funds**
**2021**
£
101,696
-
24
1,627| |---|---|---|---| ||**89,696**
**738**||**103,347**| ||**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
87,728
-
21,134
-||**Total Funds**
**2021**
£
76,085
18,303| ||**108,862**
**-**||**94,388**| ||**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
4,961
-
380
-||**Total Funds**
**2021**
£
-
272| ||**5,341**
**-**||**272**| ||**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**172**
**-**||**Total Funds**
**2021**
**£**
27| ## **BOLTON LOW HOUSES CHILDCARE UNIT** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31 AUGUST 2022** |**6**
**7**
**8**|**EXPENDITURE ON CHARITABLE ACTIVITIES**
Staff costs
School equipment and materials
Premises expenses
School administration
Depreciation
Bad debts
**EXPENDITURE ON TRADING ACTIVITIES**
Food for lunches
Uniform costs
**ANALYSIS OF STAFF COSTS**
Wages and salaries
Other Pension costs
**Particulars of employees**
The average head count of employees during the year was as follows:|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
177,877
-
9,342
741
10,146
-
6,935
**-**
2,821
913
-
**-**|**Total Funds**
**2022**
**£**
177,877
10,083
10,146
6,935
3,734
-
**208,775**
**Total Funds**
**2022**
**£**
4,611
313
**4,924**
**2022**
**£**
174,049
3,828
**177,877**
**2022**
**Number**
**16**|**Total Funds**
**2021**
**£**
156,550
7,829
16,318
4,318
3,734
38| |---|---|---|---|---| |||**207,121**
**1,654**||**188,787**| |||**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
4,611
-
313
-||**Total Funds**
**2021**
**£**
-
179| |||**4,924**
**-**||**179**| |||||**2021**
**£**
153,196
3,354| |||||**156,550**| |||||**2021**
**Number**| |||||**15**| No employee received remuneration of more than £60,000 during the year, or in the previous year. Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds. No other related party transactions took place. ## **9 TANGIBLE FIXED ASSETS** |**COST**
At 1st September 2021
Additions
Disposals
At 31 August 2022
**DEPRECIATION**
At 1st September 2021
Charge for the year
Eliminated on disposals
At 31 August 2022
**NET BOOK VALUE**
At 31 August 2022
At 31 August 2021|**Land & Buildings**
**Equipment**
**Total**
**£**
**£**
**£**
56,381
12,599
68,980
**-**
**-**
-
**-**
**-**
-| |---|---| ||**56,381**
**12,599**
**68,980**| ||9,169
10,894
20,063
3,030
704
3,734
**-**
**-**
-| ||**12,199**
**11,598**
**23,797**| ||**44,182**
**1,001**
**45,183**| ||**47,212**
**1,705**
**48,917**| ## **BOLTON LOW HOUSES CHILDCARE UNIT** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31 AUGUST 2022** |**10**
**ANALYSIS OF CHARITABLE FUNDS**
**Unrestricted**
Unrestricted general fund
Designated fund - Buildings fund
Designated fund - Equipment fund
**Restricted**
CCC Car Park
CCC - Building Renovation
Dyers Company Charitable Trust
Cumbria Community fund - Sensory room
Rathbone - Grasscrete (Hadfield Trust)
Cumbria Community fund - Water pump station
**Total**
**11**
**ANALYSIS OF CHARITABLE FUNDS**
**Unrestricted**
Unrestricted general fund
Designated fund - Buildings fund
Designated fund - Equipment fund
**Restricted**
CCC Car Park
CCC - Building Renovation
Dyers Company Charitable Trust
Cumbria Community fund - Sensory room
CCC Foundation fencing
**Total**|**Balance at**
**01/09/2021**
**£**
66,968
25,800
2,408
**95,176**
2,980
1,787
1,410
906
-
-
**7,083**
**102,259**
**Balance at**
**01/09/2020**
**£**
53,584
25,800
2,408
**81,792**
3,375
1,907
1,505
3,172
1,440
**11,399**
**93,191**|**Funds**
**Income**
**Expenditure**
**Transfers**
**31/08/2022**
**£**
**£**
**£**
**£**
204,071
(212,045)
(3)
58,991
-
-
-
25,800
-
-
-
2,408| |---|---|---| |||**204,071**
**(212,045)**
**(3)**
**87,199**| |||-
(395)
-
**2,585**
-
(120)
-
**1,667**
-
(95)
-
**1,315**
-
(303)
-
**603**
-
**-**
738
(741)
3
**-**| |||**738**
**(1,654)**
**3**
**6,170**| |||| |||**204,809**
**(213,699)**
**-**
**93,369**| |||**Funds**
**Income**
**Expenditure**
**Transfers**
**31/08/2021**
**£**
**£**
**£**
198,034
(183,390)
(1,260)
66,968
-
-
-
25,800
-
-
-
2,408| |||**198,034**
**(183,390)**
**(1,260)**
**95,176**| |||-
(395)
-
**2,980**
-
(120)
-
**1,787**
-
(95)
-
**1,410**
-
(2,266)
-
**906**
-
(2,700)
1,260
**-**| |||**(5,576)**
**1,260**
**7,083**| |||| |||**198,034**
**(188,966)**
**-**
**102,259**| |**12**
**ANALYSIS OF NET ASSETS BETWEEN CHARITABLE FUNDS**
**2022**
Unrestricted income funds
Restricted funds
Total Funds
**2021**
Unrestricted income funds
Restricted funds
Total Funds|**Tangible**
**Current**
**Fixed assets**
**Assets**
**Liabilities**
**Total**
**£**
**£**
**£**
**£**
39,013
53,939
(5,753)
**87,199**
6,170
2,700
(2,700)
**6,170**| |---|---| ||45,183
56,639
(8,453)
**93,369**| ||**Tangible**
**Current**
**Fixed assets**
**Assets**
**Liabilities**
**Total**
**£**
**£**
**£**
**£**
41,834
58,133
(4,791)
**95,176**
7,083
2,700
(2,700)
**7,083**| ||48,917
60,833
(7,491)
**102,259**|