## **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;
- make judgements and estimates that are reasonable and prudent;
- 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;
- 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:
- So far as we are aware, there is no relevant audit information of which the company's auditors are unaw
- 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
- 2 the accounts do not accord with those records; or
- 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_
s for the
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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