NUFFIELD FOUNDATION EDUCATION LTD

Company limited by guarantee

Company Registration Number:
13377195 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

NUFFIELD FOUNDATION EDUCATION LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NUFFIELD FOUNDATION EDUCATION LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company is to provide or arrange for the provision of the Nuffield Early Language Intervention programmes and to undertake such other educational or philanthropic activities as the directors see fit.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Ian Hanham
Josh Hillman
Carey Ruth Oppenheim
Robert John Osborne


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 May 2023

And signed on behalf of the board by:
Name: Josh Hillman
Status: Director

NUFFIELD FOUNDATION EDUCATION LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 8 months to 31 December 2021


£

£
Administrative expenses: ( 1,133,000 ) ( 4,299,000 )
Other operating income: 1,338,000 4,086,000
Operating profit(or loss): 205,000 (213,000)
Profit(or loss) before tax: 205,000 (213,000)
Profit(or loss) for the financial year: 205,000 (213,000)

NUFFIELD FOUNDATION EDUCATION LTD

Balance sheet

As at 31 December 2022

Notes 2022 8 months to 31 December 2021


£

£
Current assets
Stocks: 3 11,000
Debtors: 4 311,000
Cash at bank and in hand: 1,583,000 2,071,000
Total current assets: 1,894,000 2,082,000
Creditors: amounts falling due within one year: 5 ( 1,902,000 ) ( 2,295,000 )
Net current assets (liabilities): (8,000) (213,000)
Total assets less current liabilities: (8,000) ( 213,000)
Total net assets (liabilities): (8,000) (213,000)
Members' funds
Profit and loss account: (8,000) ( 213,000)
Total members' funds: ( 8,000) (213,000)

The notes form part of these financial statements

NUFFIELD FOUNDATION EDUCATION LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 May 2023
and signed on behalf of the board by:

Name: Josh Hillman
Status: Director

The notes form part of these financial statements

NUFFIELD FOUNDATION EDUCATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Going concernAfter making enquires, the directors have a reasonable expectation that the company has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. RevenueRevenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Other Operating IncomeAll other operating income relates to grant income received from the Department of Education for the delivery of the Nuffield Early Language Intervention programme to schools. Income is accounted for in the financial statements on a receivable or accrued basis.TaxationTax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.DebtorsShort term debtors are measured at transaction price, less any impairment. Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.CreditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Financial instrumentsThe Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

NUFFIELD FOUNDATION EDUCATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 8 months to 31 December 2021
    Average number of employees during the period 0 0

NUFFIELD FOUNDATION EDUCATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Stocks

2022 8 months to 31 December 2021
£ £
Stocks 11,000
Total   11,000

NUFFIELD FOUNDATION EDUCATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 8 months to 31 December 2021
£ £
Prepayments and accrued income 311,000
Total 311,000

NUFFIELD FOUNDATION EDUCATION LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 8 months to 31 December 2021
£ £
Trade creditors 108,000 4,000
Accruals and deferred income 7,000 594,000
Other creditors 1,787,000 1,697,000
Total 1,902,000 2,295,000