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REGISTERED COMPANY NUMBER: 04150566 (England and Wales)
REGISTERED CHARITY NUMBER: 1089101









REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LORD WILLIAMS'S SCHOOL DAY NURSERY

LORD WILLIAMS'S SCHOOL DAY NURSERY

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 12

LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024



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 2024. 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 1 January 2019).

OBJECTIVES AND ACTIVITIES
Principal Activities and Charitable Objects
The charity's principal activities and charitable objects are "to enhance the development and education of children under statutory school age in Thame, Oxfordshire, in any manner which is deemed by law to be charitable."

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity provided nursery care for children below school age during the year.

There are no plans for either contraction or expansion and the trustees consider that the objects of the charity have been achieved during the year.

A valuable contribution has been made by volunteers consisting of members serving on the management committee and the fundraising sub-committee.

FINANCIAL REVIEW
Statement of Policies
The charity has no policy of investing funds. Sufficient reserves are held to cover the charity's operating requirements.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Trustees are recruited from the management committee and/or members as required and are appointed by members at the AGM.

Any individual interested in promoting the objects of the charity, who is acceptable to the trustees, is entitled to become a member.

One parent of each child attending the nursery is automatically entitled to be a member.

Organisational structure
Strategy is decided by the trustees and then implemented by a management committee and sub-committees, which consist of members and parents.

The trustees may sit on any committee and should receive reports on any actions taken by each committee.

The day-to-day running of the nursery is the responsibility of the nursery manager and her deputy, who make recommendations to, and take their instructions from, the management committee.

Relationships with Other Organisations
The charity co-operates closely with Lord Williams's School.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04150566 (England and Wales)

Registered Charity number
1089101

Registered office
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

Trustees
Dr A Clark
Mrs G M Emerson
Mrs S Nicholson
Mr M R Watson (appointed 17/7/2023)

Company Secretary

Independent Examiner
Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

Approved by order of the board of trustees on 26 March 2025 and signed on its behalf by:





Dr A Clark - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LORD WILLIAMS'S SCHOOL DAY NURSERY


Independent examiner's report to the trustees of Lord Williams's School Day Nursery ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 examiner'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 I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants 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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; 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 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
4. 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.








Timothy Fulker BSc FCA

Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

26 March 2025

LORD WILLIAMS'S SCHOOL DAY NURSERY

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Educational 357,399 304,477

Other trading activities 3 2,507 990
Investment income 4 230 46
Total 360,136 305,513

EXPENDITURE ON
Charitable activities
General 6,989 -
Educational 349,041 340,344

Other 5,150 7,870
Total 361,180 348,214

NET INCOME/(EXPENDITURE) (1,044 ) (42,701 )


RECONCILIATION OF FUNDS
Total funds brought forward 74,221 116,922

TOTAL FUNDS CARRIED FORWARD 73,177 74,221

LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 20,968 23,600

CURRENT ASSETS
Stocks 9 1,625 1,625
Debtors 10 26,296 34,665
Cash at bank and in hand 47,372 36,812
75,293 73,102

CREDITORS
Amounts falling due within one year 11 (23,084 ) (22,481 )

NET CURRENT ASSETS 52,209 50,621

TOTAL ASSETS LESS CURRENT
LIABILITIES

73,177

74,221

NET ASSETS 73,177 74,221
FUNDS 13
Unrestricted funds 73,177 74,221
TOTAL FUNDS 73,177 74,221

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Act 2006 and
(b)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 deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


LORD WILLIAMS'S SCHOOL DAY NURSERY (REGISTERED NUMBER: 04150566)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024

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 on 26 March 2025 and were signed on its behalf by:





Dr A Clark - Trustee

LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. GENERAL INFORMATION

Lord Williams's School Day Nursery is a charitable company limited by guarantee and incorporated in England and Wales. The address of the charitable company's registered office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The registered company number is 04150566 and the registered charity number is 1089101.

The principal activities of the charity are as disclosed within the Report of the Trustees on pages 1 to 2.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates. All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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.


Plant and machinery - reducing balance - 25%
Fixtures and fittings - reducing balance - 25%
Equipment and toys - reducing balance - 25%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.


LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

During the year the charitable company did not hold any restricted funds.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Fundraising events 2,507 990

4. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 230 46

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Independent examiner's fees 2,350 2,550
Depreciation - owned assets 6,989 7,864

6. TRUSTEES' REMUNERATION AND BENEFITS
2024 2023
£    £   
Trustees' salaries 40,418 38,615
Trustees' social security 4,322 4,300
Trustees' pension contributions to money purchase schemes 1,025 971
45,765 43,886

The trustees' remuneration is in respect of one (2023 - one) trustees, being Mrs S Nicholson, for services as the Nursery Manager of the charity.

LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

There were trustees' reimbursed expenses paid in the year of £51 (2023 - £73).

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Employees 14 18

No employees received emoluments in excess of £60,000.

8. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Equipment
machinery fittings and toys Totals
£    £    £    £   
COST
At 1 April 2023 5,724 61,346 48,781 115,851
Additions - - 4,357 4,357
At 31 March 2024 5,724 61,346 53,138 120,208
DEPRECIATION
At 1 April 2023 5,457 44,320 42,474 92,251
Charge for year 67 4,256 2,666 6,989
At 31 March 2024 5,524 48,576 45,140 99,240
NET BOOK VALUE
At 31 March 2024 200 12,770 7,998 20,968
At 31 March 2023 267 17,026 6,307 23,600

9. STOCKS
2024 2023
£    £   
Stocks 1,625 1,625


LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,296 33,963
Other debtors - 702
26,296 34,665

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 528 3,500
Social security and other taxes 3,698 1,451
Other creditors 1,264 913
Accruals and deferred income 17,594 16,617
23,084 22,481

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
£    £   
Within one year - 3,417

Amounts charged to the Income Statement in respect of operating leases is as follows:

2024 2023
£ £
Operating leases 8,200 8,200

13. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 74,221 (1,044 ) 73,177

TOTAL FUNDS 74,221 (1,044 ) 73,177

LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 360,136 (361,180 ) (1,044 )

TOTAL FUNDS 360,136 (361,180 ) (1,044 )


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 116,922 (42,701 ) 74,221

TOTAL FUNDS 116,922 (42,701 ) 74,221

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 305,513 (348,214 ) (42,701 )

TOTAL FUNDS 305,513 (348,214 ) (42,701 )

14. RELATED PARTY DISCLOSURES

During the year the charity paid £8,200 (2023 - £8,200) in rent to Lord Williams's School, with which it closely operates.


LORD WILLIAMS'S SCHOOL DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


15. ULTIMATE CONTROLLING PARTY

The charity is controlled by the directors who are also the trustees.