REGIsfERED COMPANY NUMBER: 02277014 (England and Wales) REGISTERED CHARITY NUMBER: 519937 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Trustees Independent Examlner's Report Statement of Financlal Activlties Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement io Notes to the Financial Statements 11 to 20 Detailed Statement of Financial Activities 21 to 22
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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 l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's objects are to advance the education of children below compulsory school age in the Electoral Wards of Calder Valley and Luddenden Foot of the the Metropolitan Borough of Calderdale and its surrounding districts and in particular for the children of lone parent families by- a) Providing safe and satisfying group play in which parents have the right to take part b) Educating and informing the general public and official bodies by publicising the work of the association and by making it known the needs of lone parents and other families with dependant children c) Encouraging other charitable activities through which parents may help the children The charity's aim is to provide high quality childcare in a nurturing and stimulating environment. The charity also aims as a charitable organisation to be affordable and accessible to as wide a range of people as possible and to be integrated into our local community. ACHIEVEMENTS AND PERFORMANCE Charitable activities The charity has continued to provide day care nursery facilities to children below compulsory school age during the year under review. The total income for the year was £775,088 (2024: £601,516) resulting in an inflow/(outflow) of £136,803 (2024., £1,548). Performance In 2024-25 The Nursery continued to deliver caring and good quality nursery care to the children of Hebden Bridge. The trustees remain very grateful to the staff and management team for the care and diligence they bring to Crossley Mill. The number of children enrolled remains high, both for the Nursery and for the holiday club (with sizeable waiting lists) and these both reflect the esteem in which the nursery is held and also the need for our services. The implication of these high rolls financially is that in FY25 we have continued to consolidate financially and save fl towards building works to extend our estate in the future as part of our long-term plan to increase provision and provide more varied facilities to the future children at the Nursery. In 2024-25 the architect commissioned by Crossley Mill has progressed designs and consulted stakeholders, rneaning that we anticipate being in a position to seek planning permission in the Autumn of 2025. Last year in the Annual Report we indicated that building works would be c. 3-5 years in the future- the progress this year indicates that timeline remains on track. This is in addition to the short-term investments we make in the fabric of the building, which have continued including a refurbishment of the staff-room which in previous years had been deprioritised in favour of improvements to childcare rooms. The Board were pleased to be able to fund these modest but high-impatt improvements, enabling staff to relax and reset in between caring for children and carers will endorse is necessary. which we are confident our parents As reported last year, we have prepared to update the Articles of Association, effectively our constitution which sets out how Nursery will be governed as a charity. To recap: our existing articles date back c. 30 years and charity legislation has moved on, as have governance practices. In 2024-25 we consulted on the revised Articles with Members and also from the Charity Commission. In Autumn 2025 this will progress to a Special Resolution to adopt the new Article5, and then final approval from the Charity Commission. Finally, as Chairman, I wish to thank the trustees who serve on the Board for their continuing voluntary support. The variety of experiences, and consistency of commitment, benefits the Nursery considerably. Page I
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 FINANCIAL REVIEW Nursery Early Education grant The charity receives, on behalf of parents with eligible children, education grant monies from the local education authority. The education grant covers up to a maxitnum 30 hours education funding per week for a maximum of thirty eight weeks per year during the term tirne however the nursery ha5 taken the decision to spread the offering from the local education authority over 50 weeks of the year allowing parents more access to childcare outside terni time. The Early Education Funding grant is accounted for separately as a restricted fund. Investment policy The charity put in place in 2017-18 an updated Investment Policy in line with Charity Commission guidelines that cash reserves should be invested appropriately. The revised policy required the charity to invest a subset of our cash reserves. in an appropriately low-risk, ethical investment vehicle. The charity took steps in 2018-19 to execute this policy and invest in a specialist charity investment fund. The Investment Policy & Reserves policy has been reviewed in March 2025. Reserves policy The trustees have considered, in line with Charity Commission guidelines, what their reserve requirements are and have set a policy which reflects their wish to maintain their activities. The total capital and reserves at 31 March 2025 were £606,692 (2024: £469,889). The funds split at 31st March 2025 was.. Unrestricted £410,061 Restritted £196,631 The trustees consider that the above resources are sufficient to support and maintain the charity's programme of services. The ethical investment trust and deposit bank account holds our 'Reserves' and should hold sufficient money to meet all outstand ing liabilities. Crossley Mill Nursery is located in a stone built building on the canal side. The site is considered secure although it is possible that the building could be vandalised or burnt down. Insurance to the value of the building and contents must be in place for this eventuality and any costs which arise as a consequence thereof. Following careful consideration of the current inherent risks of operating in childcare, a reserves target of between three and four months of staff wages (incl. holiday pay) plus any intended capital expenditure is considered to be sufficient. This represents a range of £IOO,000 to £120,000 excluding any capital expenditure planned. This range will cover perceived risks in allowing expenditure to be met and ensure best bank rates whilst ensuring money is not being held inappropriately. This policy is reviewed on an annual basis. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Hebden Bridge Nursery Action Group Limited is a charitable company limited by guarantee, incorporated 14 July 1988 and registered as a charity on 27 July 1988. The company was established under a Memorandurn of Articles which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members have agreed to contribute a sum not exceeding £1. Appointment and retirement of trustees The number of trustees must not be less than three or more than twenty at any time. Trustees are required to retire from office on a rotation basis at the Annual General Meeting. The trustees required to retire by rotation are those who have been longest in office. If the charity, at the meeting at which a trustee retires by rotation, does not fill the vacancy the retiring trustee, if willing to act, is reappoi nted unless it has been resolved at a meeting not to fill the vacancy, No other person can be appointed or reappointed a5 trustee unless they are recommended by the trustees. additional trustees can be appointed provided that it does not exceed the fixed number of appointments in accordance with the Articles of Association. The induction of new trustees is completed by existing trustees. Page 2
THE HEBDEN BRIDGE NURSERY ACTION GROUP UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure and how decisions are made The charity is required to hold not less than two General Meetings, including an Annual General Meeting, in every calendar year at such time and place as is determined by the Board. The board can, whenever it thirlks fit, convene an Extraordinary General Meetirlg, and will upon requisition of not less than ten members, convene an Extraordinary General Meeting. A resolution put to the vote of the meeting is decided on a show of hands, unless a poll is, before or upon the declaration of the result of the show of hands, demanded by the Chairperson or at least three members present in person. Each member has one personal vote at a General Meeting and all votes must be given personally. In a case of equality votes, whether on a show of hands or on a poll, the Chairperson is entitled to a second or a casting vote. Day to day management is delegated to managers, with oversight by and reporting to the board of trustees. The board of trustees meets approximately every 6 - 8 weeks throughout the year. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02277014 (England and Wales) Reglstered Charity number 519937 Registered offlce Crossley Mill Nursery New Road Hebden Bridge West Yorkshire HX7 8AD Trustees Mr A Bradley (Chairman) Mrs R Gosden (resigned 25.9.24) Mrs S Crossland Mrs N Goodwin (resigned 26.3.25) Mrs S Rymer Mr I P Rymer Ms E Vail Ms A Elsom Mrs H Jakubowski (Co-Treasurer) (appointed 31.7.24) Independent Examiner Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD Sollcitors Bates Wells 10 Queen Street Place London EC4R IBE Page 3
THE HEBDEN BRIDGE NURSERY AcfIoN GROUP LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMINISTRATIVE DEtAILS Bankers Co-operative bank BUSINESS DIRECT P O Box 250, Skelmerdale England WN8 6WT PUBLIC BENEFrr The trustees have referred to the guidance contained in the Charity Commissions. general guidance on public benefit when reviewing the aims and objectives of the charity and in planning future attivities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on and signed on its behalf by: MrABra ley - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HEBDEN BRIDGE NURSERY ACTION GROUP UMITED Independent examlner's report to the trustees of The Hebden Bridge Nursery Action Group Limited {'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025. Responsibilities and basis of report A5 the charity's trustees of the Company (and also its direttors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner'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 l am qualified to undertake the examination because I am a member of the Institute of Chartered ryccountants in England and Wales, 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: accounting record5 were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or the accounts 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 accounts 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 accounts to be reached. John Dakin FCA Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD 26th November 2025 Page 5
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Total funds Unrestrirted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable actlvities Total activities 464,245 309,361 773,606 599,393 Investment income 1,482 1,482 2,123 Total 465,727 309,361 775,088 601,516 EXPENDITURE ON Charitable activit5es Total activities 317,424 318,112 635,536 604,456 Net gains/(losses) on investments (2,749) (2,749) 4,488 NET INCOME/(EXPENDrruRE) 145,554 (8,751) 136,803 1,548 RECONCILIATION OF FUNDS Total funds brought forward 264,507 205,382 469,889 468,341 TOTAL FUNDS CARRIED FORWARD 410,061 196,631 606,692 469,889 The notes form part of these financial statements Page 6
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED BALANCE SHEET 31ST MARCH 2025 2025 2024 Notes FIXED ASSErs Tangible assets Investments li 12 356,057 135,866 371,381 68,614 491,923 439,995 CURRENT ASSETS Debtors Cash at bank 13 16,000 111,507 13,964 24,595 127,507 38,559 CREDITORS Amounts falling due within one year 14 (12,738) (8,665) NET CURRENT ASSETS 114,769 29,894 TOTAL ASSETS LESS CURRENT LIABILITIES 606,692 469,889 NET ASSErs 606,692 469,889 FUNDS Unrestricted funds Restricted funds 16 410,061 196,631 264,507 205,382 TOTAL FUNDS 606,692 469,889 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Att 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficlt for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Att 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial statements Page 7 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED BALANCE SHEET - continued 31ST MARCH 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue ..2LIl.iilkn.............,....... and were signed on its behalf by.. on Mr A Bradley - Trustee The notes form part of these financial statements Page 8
THE HEBDEN BRIDGE NURSERY AcfIoN GROUP LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Notes Cash flows from operating activitles Cash generated from operations 157,237 10,889 Net cash provided by operating activities 157,237 10,889 Cash flows from investing activities Purchase of tangible fixed assets Purchase of asset investments Sale of fixed asset investments Dividends received (1,806) (67,252) (2,749) 1,482 (125,870) 19,999 2,123 Net cash used in investing activities (70,325) (103,748) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 86,912 (92,859) 24,595 117,454 Cash and cash equivalents at the end of the reporting period 111,507 24,595 The notes form part of these financial statements Page 9
THE HEBDEN BRIDGE NURSERY ACTION GROUP UMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfIvITIES 2025 2024 Net income for the reporting period (as per the Statement of Flnancial Activlties) Adjustments for: Depreciation charges Losses/(gain) on investments Loss on disposal of fixed assets Dividends received (Increase)/decrease in debtors Increase/(decrease) in creditors 136,803 1,548 16,610 2,749 520 (1,482) (2,036) 4,073 16,311 (4,488) 334 (2,123) 1,248 (1,941) Net cash provided by operations 157,237 10,889 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 24,595 86,912 111,507 24,595 86,912 111,507 Total 24,595 86,912 111,507 The notes form part of these financial statements Page 10
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POUCIES Basis of preparing the financial statements The Financial Statements of the charitable company, 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 l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of ]land. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in Sterling which is the function CurncY of the company and rounded to the neast £. 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. All grants and contractual payments are included on a receivable basis. 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. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fittings Straight line over 10 years and 50 years 15 % to 330/0 on reducing balance and IOO/o on cost Taxation The charity's activities fall within the exemptions afforded by the provisions of the Income and CorporationTaxes Act 1988. Accordingly, there is no taxation charge in these accounts. 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. Page 11 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 INVESTMENT INCOME 2025 2024 Other fixed asset invest - FII 1,482 2,123 INCOME FROM CHARITABLE ACTIVITIES 2025 Total activities 2024 Total activities Nursery fees Bank interest receivable Fundraising and donations Government grants received 462,435 874 836 309,461 436,450 263 350 162,330 773,606 599,393 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 5) Support costs (see note 6) Totals Total activitie5 440,818 194,718 635,536 DIREcr cosrs OF CHARITABLE ACTIVITIES 2025 2024 staff costs Operational costs Provision of daycare nursery Depreciation Loss on sale of assets 379,497 10,909 33,282 16,610 520 364,221 9,053 34,215 16,311 334 440,818 424,134 SUPPORT COSTS Governance costs Management Other Totals Total activities 180,422 7,266 7,030 194,718 Page 12 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31sr MARCH 2025 SUPPORT COSTS - continued Support costs, included in the above, are as follows: 2025 Total activities 2024 Total activities Wages Social security Rates and water Insurance Light and heat Repairs and maintenance Office expenses Sundries Bookkeeping Accountancy fees 60,925 28,647 12,344 21,447 17,948 33,763 5,348 7,266 3,600 3,430 60,035 30,672 12,092 22,951 15,436 21,677 3,571 6,904 3,514 3,470 194,718 180,322 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2025 2024 Depreciation - owned assets Deficit on disposal of fixed assets 16,610 520 16,310 334 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st Narch 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31st march 2025 nor for the year ended 31st March 2024, srAFF COSTS 2025 2024 Wages and salaries Social security costs 440,422 28,647 424,256 30,672 469,069 454,928 The average monthly number of employees during the year was as follows: 2025 24 2024 24 Nursery and administrative staff No employees received emoluments in excess of £60,000. Page 13 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST MARCH 2025 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charitable activities Total activities 440,662 158,731 599,393 Investment income 2,123 2,123 Total 442,785 158,731 601,516 EXPENDITURE ON Charltable activltles Total attivities 436,838 167,618 604,456 Net gains on investments 4,488 4,488 NET INCOME/(EXPENDZTURE) 10,435 (8,887) 1,548 RECONCILIATION OF FUNDS Total funds brought forward 254,072 214,269 468,341 TOTAL FUNDS CARRIED FORWARD 264,507 205,382 469,889 11. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At 1st April 2024 Additions Disposals 660,308 65,192 1,806 (2,073) 725,500 1,806 (2,073) At 31st March 2025 660,308 64,925 725,233 DEPRECIATION At 1st April 2024 Charge for year Eliminated on disposal 301,487 12,086 52,632 4,524 (1,553) 354,119 16,610 (1,553) At 315t March 2025 313,573 55,603 369,176 NET BOOK VALUE At 31st March 2025 346,735 9,322 356,057 At 31st March 2024 358,821 12,560 371,381 Page 14 continued...
THE HEBDEN BRIDGE NURSERY AcfIoN GROUP LIMITED NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 12. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1st April 2024 Additions Revaluations 68,614 70,001 (2,749) At 31st March 2025 135,866 NET BOOK VALUE At 31st March 2025 135,866 At 31st March 2024 68,614 There were no investment assets outside the UK. 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments 95 15,905 360 13,604 16,000 13,964 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Accrued expenses 2,146 5,130 5,462 2,762 5,903 12,738 8,665 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted fund Restricted fijnds Fixed a55ets Investments Current assets Current liabilities 159,426 135,866 127,507 (12,738) 196,631 356,057 135,866 127,507 (12,738) 371,381 68,614 38,559 (8,665) 410,061 196,631 606,692 469,889 Page 15 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMrrED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 16. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 264,507 145,554 410,061 Restricted funds Removing Barriers Grant The Crossley Mill Fund 284 205,098 {43) (8,708) 241 196,390 205,382 (8,751) 196,631 TOTAL FUNDS 469,889 136,803 606,692 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 465,727 (317,424) (2,749) 145,554 Restricted funds Removing Barriers Grant Early Education Funding The Crossley Mill Fund Inclusion Fund ing EHC Funding DAF Funding EYPP & Dep (43) (273,201) (8,708) (20,444) (9,720) (1,820) {4,176) (43) 273,201 (8,708) 20,444 9,720 1,820 4,176 309,361 (318,112) (8,751) TOTAL FUNDS 775,088 (635,536) (2,749) 136,803 Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 254,072 10,435 264,507 Restricted funds Removing Barriers Grant The Crossley Mill Fund Inclusion Funding 334 213,806 129 (50) (8,708) (129) 205,098 214,269 (8,887) 205,382 TOTAL FUNDS 468,341 1,548 469,889 Page 16 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMrrED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST MARCH 2025 16. MOVEMENT IN FUNDS - continued Comparative net movement in fijnds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 442,785 (436,838) 4,488 10,435 Restricted funds Removing Barriers Grant Early Education Funding The Crossley Mill Fund Inclusion Funding EHC Funding DAF Funding (50) (141,154) (8,708) (14,935) (1,890) (881) (50) 141,154 (8,708) (129) 14,806 1,890 881 158,731 (167,618) (8,887) TOTAL FUNDS 601,516 (604,456) 4,488 1,548 A cUrnt year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 254,072 155,989 410,061 Restricted funds Removing Barriers Grant The Crossley Mill Fund Inclusion Funding 334 213,806 129 (93) (17,416) (129) 241 196,390 214,269 (17,638) 196,631 TOTAL FUNDS 468,341 138,351 606,692 Page 17 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 16. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 908,512 (754,262) 1,739 155,989 Restricted funds Removing Barriers Grant Early Education Funding The Crossley Mill Fund Inclusion Fundi ng EHC Funding DAF Funding EYPP & Dep (93) (414,355) (17,416) (35,379) (11,610) (2,701) (4,176) (93) 414,355 (17,416) (129) 35,250 11,610 2,701 4,176 468,092 (485,730) (17,638) TOTAL FUNDS 1,376,604 (1,239,992) 1,739 138,351 Page 18 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 16. MOVEMENT IN FUNDS - continued Purposes of restricted funds Early Education Funding The early education funding received from the local education authority enables the charity to provide free education to eligible children of up to 30 hours per week for a maximum of thirty eight weeks a year. Removing Barriers Grant This grant was received from Calderdale Council in or(Jer to fund play furniture. The balance is reducing as the associated furniture depreciates. The Crosslev Mill Fund The building used by the charity, Crossley Mill, was purchased with the aid of fundraising. The Crossley M ill Fund and the building purchased by it are treated as restricted funding. The balance is reduced as the building depreciates. Inclusion Funding The Inclusion Funding received from the local education authority enables the charity to support the inclusion of individual children with special educational needs and disabilities (SEND), i n the form of enhanced provision and intervention that will impact on the children's progress and outcomes. EHC Funding The EHC Funding received from the local education authority enables the charity to support children on an education, health and care (EHC) plan. EHC plans identify educational, health and social needs and set out the additional support required to meet those needs. DAF Funding The Disability Access Funding received from the local education authority enables the charity to support children with disabilities or special educational needs. The aim of the DAF is to help give children who are disabled access to free childcare, by making reasonable adjustments to their settings or helping with building capacity. EYPP/Dep funding EYPPIDep funding the Early Years Pupil Premium and Deprivation Supplement funding received from the local education authority enables the charity to support disadvantaged children's learning and target under-achievement amongst funded children by providing additional resources to promote their opportunity to achieve at equivalent levels to other children and, where it is needed, to fund a FSM or paid-for-meal for any eligible child. Page 19 continued...
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st March 2025. Page 20
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Investment income Other fixed asset invest - FII 1,482 2,123 Charitable activities Nursery fees Bank interest receivable Fundraising and donations Government grants received 462,435 874 836 309,461 436,450 263 350 162,330 773,606 599,393 Total incoming resources 775,088 601,516 EXPENDITURE Charitable activities Wages Operational costs Provision of daycare nursery Depreciation of tangible fixed assets Loss on sale of tanglble fixed assets 379,497 10,909 33,282 16,610 520 364,221 9,053 34,215 16,311 334 440,818 424,134 Support costs Management Wages Social security Rates and water Insurance Light and heat Repairs and maintenance Office expenses 60,925 28,647 12,344 21,447 17,948 33,763 5,348 60,035 30,672 12,092 22,951 15,436 21,677 3,571 180,422 166,434 other Sundries 7,266 6,904 Governance costs Bookkeeping Accountancy fees 3,600 3,430 3,514 3,470 7,030 6,984 Total resources expended 635,536 604,456 Net income/(expenditure) before galns and losses 139,552 (2,940) This page does not form part of the statutory financial statements Page 21
THE HEBDEN BRIDGE NURSERY ACTION GROUP LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Reallsed recognised gains and losses Realised gains1(1055es) on fixed asset investments (2,749) 4,488 Net income 136,803 1,548 This page does not form part of the statutory financial statements Page 22