Calthwaite Nursery

	Page
Trustees' Report	1—3
Independent Examiner's Report	4
Statement of Financial Activities (including Income and Expenditure Account)	5
Balance Sheet	6
Notes to the Financial Statements	7—12

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Aims and Objectives

The purpose of the charity as set out in its governing document.

Public Benefit

The main activities undertaken in relation to those purposes is to provide the nursery and toddler facilities to the local community including school wrap around facilities.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

The charity has continued to provide nursery, toddler and school wrap round care for local children in a calm from home provision, for children to enjoy and develop within. Demand for nursery services has grown in this period and as at 31/08/2025 the nursery has continued to deliver childcare and continues to have a waiting list for its services.

Financial Review

Financial Position

A review of the charities financial position at the end of the year are pulled together from Tattersall Bailey, this will be added as an annex to this document once published.

The Charity has a reserves policy which requires that the trustees can justify the holding of income as reserves.

The charity holds this level of reserves for several purposes, including: to fulfil its financial obligations in the event of winding up of the charity, to reinvest in the nursery provision, as working capital for day to day operations and in the event that the charities income drops below average or issue in payment of government funding.

Total income in the period was £496,460 The government continues to offer funding and from September 2025 they brought in funding from 9 month above. This has increased the proportion of income the nursery receives from the local council funding.

Salary costs continue to be the largest cost of running nursery, the charity made a net income of £74,660

There were investments made back into the nursery environment, with new perimeter fence for the outdoor and baby area, along with an outdoor staff breakout unit and furnishings.

Reserves Policy

Cash reserves were £273,569. The charity has a reserves policy which requires that the trustees can justify the holding of income as reserve. The charity holds this level of reserves for several purposes including: to fulfil its financial obligations in the event of winding up of the charity, to reinvest in the nursery provision, as working capital for day to day operations and in the event that the charities income drops below average or issue in payment of government funding.

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 and defined in the companies act 2006.

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Calthwaite Nursery

Trustees' Report (continued)

For The Year Ended 31 August 2025

Trustee Selection Methods

The charity is governed by the article of association and is incorporated as a private limited company. The charity may be by ordinary resolution appoint a person who is willing to be a director. Those interested in becoming a director are required to have an existing member give notice not less than fourteen nor more than thirty five clear days before the date of the meeting, stating the members intention to propose the person as a Director, containing the details that, if the person were to be appointed, the charity would have to file at Companies House; and is signed by the person who is to be proposed to show his/her willingness to be appointed.

All members who are entitled to receive notice of general meeting must be given not less than seven nor more than twenty-eight days’ notice of any resolution to be put to the meeting to appoint a director.

Reference and Administrative Details

Trustees

S Taylor-Howe - Chair

L Hughes (appointed 02/07/2025)

B Graham

L Lawson

J C Harvey

C Brough (resigned 02/07/2025)

Charity Number

1108840

Company Number

05261501

Independent Examiner

Luke Tattersall FCA

Tattersall Bailey

14a Main Street
Cockermouth
Cumbria
CA13 9LQ

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Calthwaite Nursery

Trustees' Report (continued)

For The Year Ended 31 August 2025

Statement of Trustees' Responsibilities

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity to enable them to ensure that the financial statements comply with the Companies Act 2006.

The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and irregularities.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

S Taylor-Howe

Trustee

12/05/2026

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Calthwaite Nursery

Independent Examiner's Report to the Trustees of Calthwaite Nursery

For The Year Ended 31 August 2025

Independent Examiner's Report to the Trustees of Calthwaite Nursery

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and Basis of Report

As the charity 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 the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I 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:

accounting records 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.

Luke Tattersall FCA

12/05/2026

14a Main Street
Cockermouth
Cumbria
CA13 9LQ

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Calthwaite Nursery

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Statement of Financial Activities (including Income and Expenditure Account)

		2025	2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	-	485
Charitable activities:
Charitable activities		495,016	378,047
Other trading activities	4	656	2,223
Investments	5	788	806

		496,460	381,561

EXPENDITURE ON:
Charitable activities:	7
Raising funds		(273 )	(461 )
Charitable activities		(396,979 )	(344,110 )
Other		(24,548 )	(16,570 )

		(421,800 )	(361,141 )

NET INCOME		74,660	20,420


NET MOVEMENT IN FUNDS		74,660	20,420
RECONCILIATION OF FUNDS:
Total funds brought forward		224,494	204,074

TOTAL FUNDS CARRIED FORWARD	16	299,154	224,494

The notes on pages 7 to 11 form part of these financial statements.

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Calthwaite Nursery

Balance Sheet

As At 31 August 2025

Balance Sheet

		2025	2024
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Tangible Assets	12	30,048	20,421

		30,048	20,421
CURRENT ASSETS
Debtors	13	5,007	2,433
Cash at bank and in hand		273,569	213,345

		278,576	215,778
Creditors: Amounts Falling Due Within One Year	14	(9,470 )	(11,705 )

NET CURRENT ASSETS (LIABILITIES)		269,106	204,073

TOTAL ASSETS LESS CURRENT LIABILITIES		299,154	224,494

NET ASSETS		299,154	224,494

FUNDS OF THE CHARITY
Unrestricted Funds		299,154	224,494

TOTAL FUNDS	16	299,154	224,494

For the year ending 31 August 2025 the charitable 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 in accordance with section 476 of the Companies Act 2006.

The trustees 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 companies subject to the small companies regime.

On behalf of the board

S Taylor-Howe

Trustee

12/05/2026

The notes on pages 7 to 11 form part of these financial statements.

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Calthwaite Nursery

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Calthwaite Nursery is a company limited by guarantee, incorporated in England & Wales, registered number 05261501 and registered charity number 1108840 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Where income has related expenditure the income and related expenditure is reported gross in the SoFA.

2.3. Resources Expended

Expenditure is recognised on an accruals basis. Expenditure includes any VAT which

cannot be fully recovered, and is reported as part of the expenditure to which it

relates.

Expenditure on raising funds comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

Expenditure on charitable activities comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Straight Line
Fixtures & Fittings	10% and 20% Straight Line

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	-	485

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Calthwaite Nursery

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Income from Other Trading Activities

	2025	2024
	Unrestricted funds	Unrestricted funds
	£	£
Fundraising events	656	2,223

5. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	788	806

6. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	3,873	3,616

7. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	273	-	273
Charitable activities	396,979	-	396,979
Other	3,873	20,675	24,548

	401,125	20,675	421,800

			2024
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	461	-	461
Charitable activities	344,110	-	344,110
Other	3,616	12,954	16,570

	348,187	12,954	361,141

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Calthwaite Nursery

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Support Costs

	2025
	Other
	£
General administration	11,165
Governance costs	9,510

	20,675

	2024
	Other
	£
General administration	9,236
Governance costs	3,718

	12,954

9. Independent Examiner's Remuneration

	2025	2024
	£	£
Independent examination of the financial statements	2,016	1,920

10. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	332,148	275,729

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

11. Average Number of Employees

Average number of employees during the year was: 23 (2024: 21)

12. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2024	84,375	68,690	153,065
Additions	-	13,500	13,500

As at 31 August 2025	84,375	82,190	166,565

...CONTINUED

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Calthwaite Nursery

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Depreciation
As at 1 September 2024	84,374	48,270	132,644
Provided during the period	1	3,872	3,873

As at 31 August 2025	84,375	52,142	136,517

Net Book Value
As at 31 August 2025	-	30,048	30,048

As at 1 September 2024	1	20,420	20,421

13. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	336	123
Other debtors	4,671	2,310

	5,007	2,433

14. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,365	802
Bank loans and overdrafts	445	648
Accruals and deferred income	6,660	10,255

	9,470	11,705

15. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	445	648

16. Movement in Funds

	As at 1 September 2024	Income	Expenditure	As at 31 August 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	224,494	496,460	(421,800 )	299,154


Total funds	224,494	496,460	(421,800 )	299,154

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Calthwaite Nursery

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

	As at 1 September 2023	Income	Expenditure	As at 31 August 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	204,074	381,561	(361,141 )	224,494


Total funds	204,074	381,561	(361,141 )	224,494

17. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

18. Related Party Disclosures

There have been no related party transaction in the reporting period that require disclosure

19. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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Calthwaite Nursery

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations and gifts	-	485

	-	485

Charitable Activities:
Charitable activities
Nursery fees	201,453	268,112
Grants - Nursery	293,563	109,935

	495,016	378,047
Other trading activities

Fundraising events	656	2,223

	656	2,223

Investments

Bank interest receivable	788	806

	788	806


	496,460	381,561
EXPENDITURE ON:
Charitable Activities:
Raising funds
Staging fundraising events	(273)	(461)

	(273)	(461)
Charitable activities
Nursery costs - purchases	(32,808)	(30,546)
Wages and salaries	(332,148)	(275,729)
Nursery running costs	(32,023)	(37,835)

	(396,979)	(344,110)
Other
Depreciation	(3,873)	(3,616)
Sundry expenses	(11,165)	(9,236)
Independent examiner's fees	(2,016)	(1,920)
Accountancy fees	(1,453)	(1,500)
Other legal and professional costs	(6,041)	(298)

	(24,548)	(16,570)

	(421,800)	(361,141)

NET INCOME	74,660	20,420

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