BROADOAK CHILDRENS NURSERY ASSOCIATION
(A Company limited by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
Charity Number 702041 Company Registration Number 2327767
TOREVELL DENT LTD CHARTERED CERTIFIED ACCOUNTANTS Centre of Excellence Hope Park BRADFORD West Yorkshire BD5 8HH
BROADOAK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| Contents | Pages |
|---|---|
| Company information | 1 |
| Trustee's report | 2 - 3 |
| Independent Examiner's Report | 4 |
| Statement of fnancial activities | 5 - 6 |
| Balance sheet | 7 |
| Notes to the fnancial statements | 8 - 10 |
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) Reference and Administrative Details:
Broadoak Childrens Nursery Association
COMPANY NAME
CHARITY NUMBER 702041 COMPANY NUMBER 2327767 DIRECTORS/TRUSTEES Anita Horvath Andrew Ross - Treasurer Daneille Lyon Elizabeth Jean Crawford Harrison The directors of the Charitable Company (the Charity) are its Trustee purpose of Charity Law and throughout this Report are collectively re as "the trustees". BANKERS Virgin Money 40 New Street Huddersfield West Yorkshire HD1 2BT ACCOUNTANCY Torevell Dent Ltd Chartered Certified Accountants Centre of Excellence Hope Park Bradford BD5 8HH REGISTERED OFFICE 1 Colne Road Huddersfield West Yorkshire HD1 3AY
page 1
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
In accordance with the accounting policies set out on page 8 and comply with the charity's constitution and
Constitutions and objects
The charity was incorporated in 1988 and is constituted as a company limited by guarantee. The company w a Memorandum of Association, which established the objects and powers of the charitable company, and is g its articles. The charity's object and its principal activity continues to be that of providing nursery places to y continues to operate from the registered office, 1 Colne Road, Huddersfield, West Yorkshire, HD1 3AY. Charity Number : 702041 Company Number : 2327767
Recruitment and appointment of trustees
The directors of the charity are also charity trustees for the purpose of charity law and, under the company's are known as members of the Board of Trustees. Under the requirements of the Memorandum and Articles o the members of the Board of Trustees elected to serve for a period of one year, after which they must be re-e Annual General Meeting.
The Board of Trustees of the company seeks to ensure that its members possess the range of skills and expe to benefit the work the company undertakes.
In the event of particular skills or expertise being lost due to retirement, appropriate individuals are identifi to offer themselves for election to the Board of Trustees.
Trustee induction and training
Most trustees are familiar with the work the charity undertakes, however new members are invited and encourage to visit and familiarize themselves with the charity and its operations.
An induction is also provided to new members in the form of a short briefing/training session which is led by of the Board of Trustees or another trustee of the Board.
Organisation
The charity is organised with full time administrators who manage the day to day administration of the char time assistance as and when necessary. The functions of the administrators are overseen by the company se
Review of the year
During the year the charity organised many places for young children. It also carried out minor fund raising events during the year. Grant funding was obtained to assist with the cost of providing the places.
Future developments
The charity intends to continue to provide as many places as it can to young children.
Investment policy
Grants have been provided to assist in the continued running of the charity for its everyday needs.
Reserves
The association has operated within strict budgets during the year, this together with grant assistance from enabled the association to return a surplus for the year.
Risk management
The Board of Trustees have examined the business and operational risks which the nursery faces, and confir systems are in place so that the necessary steps can be taken to lessen the risk.
page 2
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) COMMITTEE MEMBERS ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022
The trustees serving during the year were: Anita Hovath Andrew Ross Danielle Lyon Elizabeth Jean Crawford Harrison
Trustees' responsibilities in relation to the financial statements.
Charity law requires the Board of Trustees to prepare financial statements for each financial year, which giv fair view of the state of affairs of the charity and of its surplus or deficit for the financial year, and adequatel material special trust or other restricted fund of the charity. In preparing those financial statements the Trus are required to :
-
select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether the policies adopted are in accordance with the appropriate Statement of Recommended Accounting by Charities and the Accounting Regulations and with applicable accounting standards, sub departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to assume the cha continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accura any time, the financial position of the charity, and enable them to ensure that the financial statements compl Accounting Standards and Statements of Recommended Practice and the regulations made under Section 13 Charities Act 2011 and the Companies Act 2006.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable and detection of fraud or other irregularities.
In accordance with company law, as the company's directors, we certify that:
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So far as we are aware, there is no relevant audit information of which the company's auditors are unaw
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As the directors of the company we have taken all the steps that we ought to have taken in order to mak of any relevant audit information and to establish that the Charity's auditors are aware of that informati
By order of the Trustees
Andrew Ross Director
Date:
page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROADOAK CHILDRENS NURSERY ASSOCIATION FOR THE YEAR ENDED 31 AUGUST 2022
I report on the financial statements of the Charity for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also it's directors for the purposes of company law) you are re for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 20
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the and are eligible for independent examination, I report in respect of my examination of your charity's account carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I ha
the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of bodies.
I have completed my examination, I confirm that no matters have come to my attention in connection with th examination giving me cause to believe:
1 accounting records were not kept in respect of the Company as required by section 386 of or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the accounting requirements of section 396 of the 2006 A any requirements that the accounts give a 'true and fair' view which is not a matter consid as part of an independent examination;
or
4 the accouunts have not been prepared in accordance with the methods of and principles o of Recommended Practice for accounting and reporting by charities [applicable to charitie their accounts in accordance with the Financial Reporting Standard applicable in the UK a of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which atte be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Samantha Sutcliffe FCCA Torevell Dent Limited Chartered Certified Accountants Centre of Excellence Hope Park BRADFORD West Yorkshire BD5 8HH
Date: 7 February 2023
page 4
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted Funds General Grant Notes Fund Reserve INCOME AND EXPENDITURE £ £ INCOMING RESOURCES Incoming resources from generated funds : Voluntary Income Grants & Sponsorship 121,547 - KMBC rates grant - - CJRS grant - - |
Restricted Fund Total Funds 31 August 2022 £ £ - 121,547 - - - - |
|---|---|
| Fundraising - 121,547 Investment Income Interest received Incoming resources from charitable activities Fees and member subscriptions 68,624 68,624 Total Incoming Resources 190,171 RESOURCES EXPENDED Charitable activities Direct expenses 167,295 Governance Costs 2 24,635 Total Resources Expended 191,930 NET INCOMING RESOURCES (1,759) Balances Brought Forward 1.9.21 3,505 Balances Carried Forward 31.8.22 1,746 |
- - - - - - - - - - |
- - |
|---|---|---|
| - 121,547 | ||
| - - 68,624 |
||
| - 68,624 | ||
| - 190,171 | ||
| - 167,295 14,787 39,422 |
||
| 14,787 206,717 | ||
| (14,787) (16,546) 210,906 214,411 |
||
| 196,119 197,865 |
The statement of financial activities includes all gains and losses recognised in the year. All incom and resources expended derive from continuing activities.
The notes on pages 8 & 10 form part of these financial statements
page 5
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
| INCOME Fees and member subscriptions Fundraising Other income (Kirklees Grant) KMBC rates grant CJRS grant EXPENDITURE Staf costs |
2022 £ 68,624 - 121,547 - - 190,171 167,295 |
2021 £ 38,427 - 113,009 - 24,405 |
|---|---|---|
| 175,841 | ||
| 165,770 |
| Food and cleaning Rent, rates and water Heat and light Insurance and HR Consumables Repairs and renewals Advertising and website costs Subscriptions and fees Refuse collection Staf training/recruitment Accountancy and Book-keeping Depreciation Sundries DEFICIT FOR THE YEAR Total Funds Brought Forward Total Funds Carried Forward |
1,163 6,700 1,958 4,369 1,288 2,113 579 1,164 425 - 2,564 16,029 1,070 206,717 (16,546) 214,411 197,865 |
3,167 1,831 2,363 4,865 202 2,047 245 1,305 239 101 1,680 15,788 862 |
|---|---|---|
| 200,465 | ||
| (24,624) 239,035 |
||
| 214,411 |
The notes on pages 8 & 10 form part of these financial statements
page 6 BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) (A company limited by guarantee) BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2022
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Stock Bank Balances Debtors 5 CREDITORS Amounts falling due within one year: Accruals and Sundry Creditors 6 |
2022 £ 199,840 300 20,361 6,577 27,238 29,210 29,210 |
2021 £ 213,636 300 13,398 374 |
|---|---|---|
| 14,072 13,297 |
||
| 13,297 |
| NET CURRENT ASSETS NET ASSETS THE FUNDS OF THE CHARITY 7 Unrestricted Funds Restricted Funds Total charity funds |
(1,972) 197,868 1,746 196,119 197,865 |
775 |
|---|---|---|
| 214,411 | ||
| 3,505 210,906 |
||
| 214,411 |
For the year ending 31/08/2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject small companies' regime, and in accordance with Financial Reporting Standard (FRS102).
The financial statements were approved by the board of trustees and signed on its behalf by:
Andrew Ross Director and trustee
Date:
Company Registration Number: 2327767
The notes on pages 8 & 10 form part of these accounts
page 7
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2022
1 ACCOUNTING POLICIES
- Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard (FRS102), and with the Charities Act 2011.
(b) Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
(c) Resources Expended
Direct charitable expenditure comprises direct expenditure incurred on the defined charitable purposes of the charity.
Administration costs include expenditure on general administration, management and compliance and statutory requirements.
(d) Capital Expenditure
All expenditure of a capital nature is capitalised in the balance sheet. Fixed assets are stated at cost less depreciation.
Depreciation is provided on all tangible assets at rates estimated to write off the cost
less residual value of each asset over its expected useful life as follows: Property Over 25 years Plant & Equipment 25% reducing balance Fixtures & Fittings 25% reducing balance
Stocks
- Stocks are valued at the lower of cost and net realisable value.
Taxation
The charity is registered with the Charities Commission and is not subject to taxation on its normal acti
| 2 GOVERNANCE COSTS Administration costs include the following: Depreciation Accountancy services 3 WAGES AND SALARIES Gross wages and salaries Employer's National Insurance Contributions The staf costs incurred in administration of the charity w Wages and Salaries The average number of staf employed during the year Administative |
2022 £ 16,029 1,680 2022 £ 161,689 5,606 167,295 2022 e £ 30,965 was: 1 |
2021 £ 15,788 1,680 2021 £ 161,145 4,625 |
|---|---|---|
| 165,770 | ||
| 2021 £ 29,325 1 |
page 8
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2022
| 4 TANGIBLE FIXED ASSETS Plant & Equipment Property Total £ £ £ Cost at 1 September 2021 39,769 363,040 402,809 Additions 2,233 - 2,233 Disposals - - - Cost at 31 August 2022 42,002 363,040 405,042 Depreciation at 1 September 2021 35,989 153,184 189,173 Charge for the Year 1,507 14,522 16,029 On Disposals - - - Depreciation at 31 August 2022 37,496 167,706 205,202 Net Book Value 1 September 2021 3,780 209,856 213,636 Net Book Value 31 August 2022 4,506 195,334 199,840 2022 2021 5 DEBTORS £ £ KMBC funding - - Fees due 6,577 374 Prepayments - - 6,577 374 |
4 TANGIBLE FIXED ASSETS Plant & Equipment Property Total £ £ £ Cost at 1 September 2021 39,769 363,040 402,809 Additions 2,233 - 2,233 Disposals - - - Cost at 31 August 2022 42,002 363,040 405,042 Depreciation at 1 September 2021 35,989 153,184 189,173 Charge for the Year 1,507 14,522 16,029 On Disposals - - - Depreciation at 31 August 2022 37,496 167,706 205,202 Net Book Value 1 September 2021 3,780 209,856 213,636 Net Book Value 31 August 2022 4,506 195,334 199,840 2022 2021 5 DEBTORS £ £ KMBC funding - - Fees due 6,577 374 Prepayments - - 6,577 374 |
4 TANGIBLE FIXED ASSETS Plant & Equipment Property Total £ £ £ Cost at 1 September 2021 39,769 363,040 402,809 Additions 2,233 - 2,233 Disposals - - - Cost at 31 August 2022 42,002 363,040 405,042 Depreciation at 1 September 2021 35,989 153,184 189,173 Charge for the Year 1,507 14,522 16,029 On Disposals - - - Depreciation at 31 August 2022 37,496 167,706 205,202 Net Book Value 1 September 2021 3,780 209,856 213,636 Net Book Value 31 August 2022 4,506 195,334 199,840 2022 2021 5 DEBTORS £ £ KMBC funding - - Fees due 6,577 374 Prepayments - - 6,577 374 |
|---|---|---|
| 42,002 363,040 405,042 |
||
| 35,989 153,184 189,173 1,507 14,522 16,029 - - - |
||
| 37,496 167,706 205,202 |
||
| 3,780 209,856 213,636 |
||
| 4,506 195,334 199,840 |
||
| 2022 £ - 6,577 - 6,577 |
2021 £ - 374 - |
|
| 374 |
| 6 CREDITORS Amounts falling due within one year: Trade Creditors Social Security & Other Taxes Accruals |
2022 £ 2,038 19,532 7,640 29,210 |
2021 £ 2,037 5,925 5,335 |
|---|---|---|
| 13,297 |
page 9
BROADAOK CHILDRENS NURSERY ASSOCIATION (A company limited by guarantee) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2022
| 7 FUNDS 2022 2022 2022 £ £ £ Restricted Unrestricted Total Net movement in funds in the fnancial year (14,787) (1,759) (16,546) Opening funds as at 01 September 2021 210,906 3,505 214,411 Closing funds as at 31 August 2022 196,119 1,746 197,865 Movement of funds Balance at Incoming Resourses Analysis of Unrestricted Funds Movement 1 Sept 202 Resources Expended General funds 3,505 190,171 (191,930) 3,505 190,171 (191,930) Movement of funds Balance at Incoming Resourses Analysis of Restricted Funds Movement 1 Sept 202 Resources Expended Food - - - Property 209,856 - (14,522) Plant and equipment 491 - (124) Fixtures and fttings 559 - (141) 210,906 - (14,787) |
2022 2022 £ £ Restricted Unrestricted (14,787) (1,759) 210,906 3,505 |
2022 £ Total (16,546) 214,411 |
|---|---|---|
| 196,119 1,746 | 197,865 | |
| 210,906 - (14,787) |
Rent, Wages & Food
Restricted funding for management costs and milk have also been completely spent.
Property
The balance will fund future depreciation charges of the property over it's economic life.
Plant and equipment
The balance will fund future depreciation charges of the property over it's economic life.
Fixtures and fittings
The balance will fund future depreciation charges of the property over it's economic life.
| Movement | of funds | |
|---|---|---|
| Balance at Incoming | Resourses | |
| Total unrestricted and restricted fund movements | 1 Sept 202 Resources | Expended |
| 214,411 190,171 | (206,717) |
8 TAXATION
The Charity is exempt from taxation on income and gains to the extent that these are applied for charitab purposes only.
9 REMUNERATION/EXPENSES PAID TO TRUSTEES
During the year, there was no remuneration or expenses paid to any of the trustees of the charity. (2021: £Nil)
page 10
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Total Funds 31 August 2021
£
113,009
24,405
-
137,414
38,427 38,427
175,841
165,770 34,695 200,465
(24,624) 239,035 214,411
ming resources
Itothe
ItieS.
2021 £
Total
(24,624) 239,035 214,411
Balance at 31 Aug 2022
1,746 1,746
Balance at 31 Aug 2022
- 195,334 367 418
196,119
Balance at 31 Aug 2022 197,865