Docusign Envdope ID.. F03F689D-346B4498_B8A7.C3F5F6FA1 F04 Charity registration number 1016894 Company registration number 02780168 (England artd Wales) BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
Docutyign Envelope ID.. F03F689D-34684498-B8A7-C3F5F6FA1 F04 BLOONFIELD LEARNING CENTRE FOR CHILDREN LIMITED LEGAL AND ADMINISTRATIVE INFORMATION TheTrustees J Bramhall Jorr J Welch W Bloomfield S Lemer R Anders C Bromby (Appointed 30 April 2025) Secretary J Bramhall Charlty number 1016894 Cornpany number 02780168 Reglrtered office Munro Centre 66 Snowfields London SEI 3SS Audltor TC Group Statutory Auditor Lynton House 7-12 Tavistock Square London WCIH 9BQ
Docu$'"gn Envelgpe ID.. F03F6890.346B4498.B8A7-C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED CONTENTS Page Trustees, report i-io Statement of Trustees, responsibilities li Independent auditor's report 12-15 Statement of financial activities 16 Statement of financial position 17 Notes to the financial statements 18-27
Docus',gn Envelope ID= F03F689D_34684498_B8A7_C3F5F6FAIF04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI FOR THE YEAR ENDED 31 AUGUST 2024 The the trustees present their annual report and financial statements for the year ended 31 August 2024. The fi nancial statements have been prepared in accordance with the accounting policies set out in note I to the rinancial statements and comply with the charity's governing document, the Companies Act 2006 and 'Accountin8 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 (FR5 102} (effective l January 20191. Objectives and activities The objectives of the charity are as follows.. To provide and maintain, a learning centre for young persons, between the age5 of 6 years and adult, who posses5 some degree of specific learning disorder, particularly reading, writing, language, and spelling disorders, vlsual spatial disorders. motor co-ordination disorders, auditory discrimination, dyslexia and all other associated disorders. so as to enable these young people to acce55 the National Curriculum in school and achieve their academic potential. To provide assessments and one to one teaching for all th05e referred, regardless of their family's ability to pay. To provide Covid Catch-up Ilteracy programmes. in schools. Working with small groups of children in Years 5 and 6, teaching multi-sensory strategies aimed at improving language and spellin8 Skills. To prioritise under-privileged children from low-income families, offering a5 many full bursaries and subsidised lessons as p055ible. To increase self-esteem and confidence and to promote the mental and psychological development and improvement of young people. To spread dyslexia awareness and good teaching practice through the provision of training for teachers, classroom assistants and parents. To promote social mobility by equipping children with the literacy skills they need to pass exams and access further education or training, as young adults. The charity aims that all pupils. receiving lessons, should achieve their academic potential. • We engage children who are at risk of exclusion, or are already excluded, because schools are unable to ater for their learriing and behavioural needs. Since the first closure of schools, due to Covid, Sn March 2020, the charity has provided a hybrid service, teaching pupils face to fate at the Bloomfield Centre. face to face in schools and virtually using zoom, both in schools and to children at home. The result is a flexible service which enable5 U5 to accommodate student5 at varying times of day and different stages of their academic careers. The majority of lessons are delivered one to one and last for one hour. Online le550ns are accessed on Pcs, tablets, laptops and even phones. Pupils attend for one 5ession/week, with a small number attending twice.
DoCU1gn Envelope ID.. F03F6890-346B4498-B8A7-C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The charity ernploys 8 paft-time specialist teacher5, all with OCR level 5 and 7 qualifications. the highest level of dyslexia training. They are all trained in the quality first phonics programme, Sounds Write. The work is performed on a charitable basis because there is a lack of funding to employ specialist teacher5 in schools, and there is an absence of government funding to assist the Learning Centre. 5-10% of children in every classroom have some degree of specific learning difficulty which effects the acquisition of fluent literacy ski115. A5 teenagers, many become disengaged and, as young adults, find themselves on the fringes of society. In a post-covid report pu blished by The Fairness Foundation, it was reported that children from poor homes are 18.1 months behind their peers, at the time of GCSE5,' many of these have undiagnosed dyslexia. Research has shown that poor educational attainment leads to lack of opportunity, unemployment, poverty, poor mental health, poor parenting ski Ils and even homelessness. The Bloomfield Learning Centre aims to give some of the most disadvantaged and vulnerable of these students the opportunity to lead a more hopeful and fulfilled life, through the provision of bespoke specialist teaching. "l am so appreciative of whot you hove done for my 50n, I hove no words. Lucy wa5 amazing and Nehemiah was very responsive with her. which was great. We now hove the report ond it just makes sense all these years the struggle thot Nehemioh hosfoced ond the 1055 of confidence thot just kept growing. I have read ond discu55ed with Nehemiah the finding5 in the a55e55ment. I do not know if he knows whot to do with oll the informotion, he had a cry butdidn't express with no words.........I reollyjust wonted to soy 'Thonk you" Sabina Au8USt 2023 Public benefit The the trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Docusign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 Achievements and performance The Bloomfield Dyslexia Centre has a long history of helping children and young people who are left behind. Based in Southwark since 1973, we have taught thousands of children to read. Our aim is to enable all our students to access the opportunlties that school and education hold for them. The skllls we teach complement and enable classroom learning. Dylon seerns to be thriving with Donol's input. he commented how he can leorn more in 5 mins with Donol thon he does in o whole school English period, which mokes us really hoppy., Poulo, mum October2023 The tnain benchmarks of our annual success are the number of young people taught, the proportion from under- privile8ed backgrounds and the progress made by pupils in 'catching up, with their peers and achieving their potential. We operate a hybrid teachin8 service, in a range of setting5. In order to reach as many under-privileged children as POS5ible our teachers go into a number of schools in economically deprived areas providing one to one and small Eroup support. Other lessons are provided face to face in the Centre and virtually, on zoom, both in and outside of traditional School hours. The 2023 2024 academic year was busy and productive. We worked with a record number of students supporting more than three hundred and fifty, 100% of whom had special educational needs. The Star programme was an outstanding success with 100% of children improving their literacy skills. Breakdown of students: Diagnostic Assessments: 166 Screening in sthools: 17 One to one le550ns." 36 students/week Palred teaching in schools: 30 students/week Star programme: 97 children Teachlng Asslstants Tralned: 5 Between September 2023 and July 2024, the average increase In readlng age of Bloomfield students was 14.9 months.
Docuarign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1 F04 BLOONFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGusf2024 Star Programme Vocabulary and spelllng strate8ies for chlldren In Years 4, 5 and 6 + TralnSn8 for Teachlng Asslstants Format., In school. Small groups. 35 minute sessions The pandemic deepened the attalnment gap between disadvantaged children and their wealthier peers, h3vin8 a hugely ne8ative irnpact on language skills and literaLry attainment amongst primary pupils. The Bloomfield team launched the Star Programme in 2021, in response to this crisis. Our vision was to create a speedy, effective prograrnme of 'catch-up' to be delivered in schoo15, to equip children with strate8ies for life-long learnin8. The programme is based on 10 words taken from the Government's National Statutory spelling lists. The impact is quantifiable as each child is tested on their ability to comprehend and spell the words at the start and end of the programme. A teaching a5515tant 15 simultaneously trained to use the structured, multl-sensory language activities across other year groups throughout the school. The Star programme proved outstandlngly successful in 5 schools, durin8 the 2023-2024 academic year. The Bloomfield team worked with 97 children, in Friars, Bellenden, Michael Faraday, Surrey Square and Hill Mead prirna ry schools; all located in the economically deprived boroughs of Southwark and Lambeth. The positive change5 achieved were: • Improved spelling skills Widened vocabulary and improved sentence construction Increased motivation and enjoyment of learnin8 Increased confidence Up-skilled teaching assistants Spelling strategies to use in the classroom Effective literacy programme to use Eoine forwards The final scores in spelling and com prehension showed significant quantifiable improvements in both areas. All of the children improved their skills. '1 am so impressedl This 5how5 Nylah s huge progre55 in the area of spelling, and how She has gone from having spelling (75 on area of difficulty, to now being ahead of her peers......, Matilda Senco Hill Mead
Docusign Envelope ID.. F03F689D_346B4498_B8A7_C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT} {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 STAR Programme Resulls IFrlar5, Bellenden, Mlchael Faraday, Surrey Square and Hlll Meld) ItyJ16 SW 2¢1b o Spoiuni VgcobUry Iloothfitld l•xC• 202>24 The Star Programme 15 effective and fun. The small group format gives children the opportunity to discuss and listen. This has resulted In improvements In confldence and motivation, observed by the pupils as well as by thelr teachers. Feedback from teacher5, pupils and teaching assistants was resoundingly positive,. As Angel 10 yeors, commented, '1 hove enjoyed learning how to spell these word5, 1 was really bod at spelling before., Julian, 11 years, commented, "I reolly enjoyed the progromme becouse we leornt all obout shwas, how to flnd Ihern and to use a spelling voice to help me spell word5. Thonk you." rhe teocher ot 8ellenden school recorded o typical example of how the sessions were used to discuss problem- solving misconceptions... Whilst learning the word 'pecullor' l asked the children if they could think of ony onimols thot could be described os peculior and one child Said camels because they store their babies on their backs. Nobody in the gnjup disagreed but onother child thought they We gi¢7nt egg5 stored in their hump5. 1 agreed that the hump5 on a cornel'5 back did look like giont eggs or bobies, but they actually hod o different job. We spoke obout where cornels live and estobllshed th¢7t they often live in de5ert5 where there wasn't much food. I was then able to the draw out from the group the purpose of a camels humps wos to store fat so they could survive in the desert environment. Five teaching assistants were trained in multi-sensory teathing methods, to be used throughout their schools. In response to a follow-up questionnaire, the teaching a5SiStant at Friars school wrote.. 2. How do you feel the childn have benefitted fr +u mthepr ramme? YLLndS cxli WJCY ds K(x& Koipe<J In*- jrn lI1r y4Jrrtlrt ISC c.1
Docusign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 As5e55ment5 We carrled out 166 assessments between September 2023 and July 2024. The Bloomfield has provided top quality diagnostic assessments for more than 30 years. We want to make learning easier. 100% of the children and adults referred for assessment are struggling with literacy,. some have been struggling for years creating distress, with far-reaching negative impacts on their daily lives. It is a well- researched fact that people with poor literacy skills are more likely to suffer unemployment, low self-esteem and mental health issues. Students come to the Bloomfield for help. They want to understand the reasons for their difficulties and identify the best route to improved literacy skills. All those assessed receive a detailed report which analyses their cognitive strengths and weaknesses, provides a diagnosi5 where appropriate and a bespoke programme of leachi ng recommendations to help them make progress. New Members of the Team: We were excited to welcome 6 new assessors to the Bloomfield team thls year, all wlth OCR level 7 dyslexia qualificatlons and an Assessment Practising Certificate IAPCI. In order to support them in the best possible way we have introduced a new probationary Assessor Trainin8 Programme managed by one of the Centre's senior assessors, Ellen Whelan, who Is an expert In complex educational profiles. Meanwhile, all our assessors keep up to datewith a minimum of 10 hours training, every year. New Short Form Report: A good diagnostic assessment is the key to effective learning. However, we are increasingly aware that the cost is beyond the means of many of the families we seek to support. With this in mind and in order to keep our doors open to as many low-income students a5 possible, the Bloomfield team has created a new, less costly, assessment format. This is a full dlagnostlc assessment wlth a short, summarlsed report; it provides a diagnosis and bespoke leaching strate8ies for use in school and at home. Short-report assessments can be carried out in schools, as well as at the Centre. To date, we have provided thls service in 3 Southwark primary schools, Surrey Square, Cathedral and Friars. In July 2024. the Senco ot Friors wrote,. the short osse5sments for o reduced cost hove been especially useful. We (Jlsofound them manageable and eGSy to read., New Management Structure The Bloomfield management team achieved a long-term goal this year with the appointment of a new head teacher, the first paid member of staff to fill this role. Jane Cousins is in the Centre 3 dayslweek, supported by the off ice rnanager and the board of directors. Her years in the classroom and as a primary school Senco, combined with her training and experience working in the field of dyslexia, recommended her as an outstanding appointment.
Docu&gn Envelope ID.. F03F6890-34684498-B8A7-C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 New Website +1080 The Bloomfield charity had a make-over this year, changing it5 name to the Bloomfield Dy51exia Centre, cornm issioning a new [080 and workin8 Wlth a web designer to create a new, user-friendly website. The work is nearly complete. We hope to false awareness of dyslexia and the Bloomfield mission to help as many needy students as we can. The prlnclpal lon8-term challenges faced by the Dlrectors We envisage there will be increased demand for full teaching bursaries, following each term of the Star Programme. There will inevitably be a small number of children who will struggle to improve their skills sufficiently to cope in secondary school. These are the children with dyslexia, who will require one to one SUPPOrt to achieve f luent literacy. 2. The Governrnent's commitment to special needs funding i.e. schools increasingly lack the financial resources to fund a55essment5 and lessons during a period of fiscal uncertainty. Both of these challenges will require increased bursary funding. Prlnclpal funding sources Funding for lessons and assessments comes from fees, schoo15 and parents as well as charitable donations. The cost of an annual bursary is approxlmately £2535. The charlty currently charges fees at the rate of £65 per hour for children with an Educational Health Care Plan IEHCPI and £50 per hour for schools. The cost of parent funded lessons is based on gross family income - the majority are significantly 5ub5idised with contributions ranging from £20 to £50 per hour. These charEes are flexible and are discounted if family income 15 reduced, for example if a parent falls ill or becomes unemployed. The neediest children are in receipt of full bu rsaries. Any shortfall must be met from charitable donations or 8rant funding. We would like to thank all our donors this year. Your donations have enabled us to maintain a unique, specialist literacy service for under-achieving young people growing up in deprived communities in London. The Star Programme was funded by,. Bellenden School: The Ironmongers. Companv Friar5 School: Charterhouse in Southwark Charity Michael Faraday School: The Merchant Taylors, Foundation Surrey Square and Hill Mead Schools: The Bloomfield Dyslexia Centre Charitv
Docuslgn Envelope ID- F03F689D-346B4498-B8A7-C3F5F6FA1F04 BLOOIVIFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT IINCLUDING DIREcfoRS' REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Fundralslng Event: 5 Brldges Sponsored Walk: The Bloomfield team and friends came out in force on Sunday 7th July 2024 for our sponsored walk. A total of £11,000 wa5 raised to help subsidise assessments and lessons for families on low incomes. A special thanks goes to Chris Bromby who walked and to The Worshipful Company of Card Players who matched his donation. Flnanclal review Investments Funds not required for the daily running of the Learnin8 Centre are held in three-to-twelve-month fixed term deposits rather than long term investments, to ensure that the money is invested at a low level of risk and wailable when required. Reserves The reserve5 of the charity are dependent on obtaining grants and donations. The directors believe that the funds held, plus annual fees, should cover the costs of providing lesson5 and assessments for a six - twelve-month period, which would permit an orderly wind down of the charity's activities if needed. The charity is currently holding hi8her reserves than usual due to uncertainty post change of government in respect of (al fundin8 for the edutation sector, especially Special Educational Needs funding ISENDI and Ibl economic impacts on parental incomes especially given the ongoing c05t of living crisis. In addition, there continues to be uncertainty over the Charity's future accommodation situation. The directors have designated £150,000 of the £173.643 in the fixed term deposit account towards these costs. Reserves at the year-end Stood at £328,77312023.' £372,748) of which £328,773 (2023: £364,872) were unrestricted. The external fund raising environment for educational charities remained challenging. The reported 1055 of E32,855 for the year, reflects the directors, decision to Use a percentage of our reserves to fund charitable activities. We used these funds to support 33 children, providing 8 full bursaries and the Star Programme.
Docusign Envelope ID.. F03F6890-34684498-88A7-C3F5F6FA1 F04 BLOOMFIEID LEARNIP4G CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Risk The directors meet with staff on a regular basis to discuss any issues facing the charity and produce solutions to any risks they consider key to the future of the charity. They establish effective systems to mitigate those risks. Plans for future periods We need to maintain and protect our reputation for excellence in solving individual pupil's problems. This requires financial stability and good relations with schools, parents and local authorities. To achieve our mission, we must be able to help children from disadvantaged families who are the majority of our clients. We will continue to run the charity on a lean cost base to keep our costs down so that fees do not become a bar to access. Finally, we need to be effective advocate5 for those with specific learning difficulties who are failing at school. Strurturel governance and management Bloomfield Learning Centre for Children is a registered charity. Its charity number is 1016894. It was incorporated as a company limited by guarantee on 15 January 1993 under company number 2780168. Its governing document is the company's Memorandum & Articles ofAssociation. The the trustees, who are also the directors for the purpose of company law. and who served durin8 the year and up to the date of signature of the financial statements were.. l Bram hall lorr W Tweedle I Welch W Bloomfield O Evelyn-Rahr L Murphv S Lemer C Wilson R Anders C Bromby (Resigned 13 November 20231 (Resigned 13 November 20231 (Resigned 30 April 20251 (Resigned 30 April 2025 (Appointed 30 April 20251
Docusign Envelope ID.. F03F689D-346B4498-88A7-C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Recruitment and oppointment of trustees New trustees are appointed at any time. Such appointments usually arise as a result of acquaintance/meetinB with a current trustee or teacher. Upon appointment 311 trustee5 are provided with a copy of the Charity Cornmission booklet "The E5senti31 Trustee: What You Need to Know and training is provided as deemed necessary. The head teacher, Jane Cousins, is responsible for the day to day managernent of the Centre. Jane Orr, director. is responsible for fundrai5in8. They work together to make financial decisions relating to staff recruitment, allocation of bursarles and the purchase of materials. There is also a part-time office manager who handles finances, IT systems and administration. The charity employ5 eight part-time specialist dyslexia teachers to deliver its services. These teachers are amongst the most experienced and highly qualified in London. None of the the trustees has any beneficial interest in the company. All of the the trustees are members of the cornpany and guarantee to contribute £1 in the event of a winding up. Dlsclosure of Informatlon to audltor Each of the the trustees has confirmed that there is no informatlon of which they are aware which is relevant to the audit, but of which the auditor is un3ware. They have further confirmed that they have taken appropriate steps to identlfy such relevant information and to establish that the auditor is aware of such information. TheTruslees' report was approved by the Board of The Trustees. g*n•d ty.. IBA426359COD185... l Bram hall Trustee D45)Eoaop94A4 . Trustee 5/20/2025 Date.. 10-
Docusign Envelope ID.. F03F689D-346B4498.88A7_C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED srATEfvIENT OFTRUSTEES, RESPONSIBILITIES FOR fHE YEAR ENDED 31 AUGUST2024 The the trustees, who are also the directors of Bloomfield Learning Centre for Children Limited for the purpose of cornpany law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Cornpany Law requires the the trustees to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, includi ng the income and expenditure, of the charitable company for that year. In preparing these financial statements. the the trustees are required to.. - select suitsble accounting policies and then apply them Consistently; - observe the methods and principles In the Charities SORP; . make judgements and estlmates that are reasonable and prudent,. and . prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operatlon. The the trustees are responsible for keeplng adequate accounting records that disclose with re350nable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Com panies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 11
Docusign Envelope ID: F03F689D-346B4498-B8A7-C3F5F6FA1 F04 BLOONFIELD LEARNING CENTRE FOR CHILDREN LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BLOOMFIELD LEARNING CENTRE FOR CHILDREN UMITED Opinion We have audited the financial statements of Bloomfield Learning Centre for Children Lirnited (the 'charity'l for the vear ended 31 August 2024 which comprise the statement of financial activities, the statement of financial position and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Including Financial Reporting Standard 102 The Finonciol Reporting Standard opplicable in the UK and Republic of Irelond (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements-. 8ive a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wlth the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor'5 responsibilities for the audit of the finonciol stotements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinlon. Conduslons relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of ccountin8 in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Identified any material uncertalntles relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the the trustees with respect to goin8 concern are described in the relevanl sections of this report. other information The other information comprise5 the information included in the annual report other than the financial slatenients and our auditor's report thereon. The the trustees are responsible for the other information contained within ihe annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility 15 to read the other information and, in doin8 so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the au dit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi5statement5, we are required to determine whether this gives rise to a material mi55tatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 12
Docusign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1 F04 BLOONFIELD LEARNING CENTRE FOR CHILDREN LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED Opinions on other matters prescribed by the Companies Art 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Tru5tees' report for the financial year for which the financial statement5 are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial statements: and the directors, report included within the Tru5tees' report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audil, we have not identified material mi55tatements in the directors, report included within the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you If, in our opinion.. adequate accounting records have not been kept, or return5 adequate for our audit have not been received from branches not visited by us; or the financial statement5 are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit; or the the trustees were not entitled to prepare the financial statements in accordance with the srnall com panies re8iTne and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare 3 strategic report. Responsibllltles of the trustees As explained more fully in the staternent of Trustees, responsibllltles, the the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial Statements and for bei ng satisfied that they give a true and fair view, and for such internal control as the the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financi31 statements, the the trustees are responsible for assessing the charity's ability to continue as a going concern, dlsclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the the trustees either intend to liquidate the charitable cornpany or to cease operation5, or have no realistic alternative but to do so. Audltor's responsibilities for the audlt of the flnanclal statements Ou r objectives are to obtain reasonable assurance about whether the financial statements as a whole are free frorn material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Extent to which the audit was consldered capable of detectlng irregularities, including fraud The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statement5 due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of rnaterial misstatement due to fraud, through designing and implementing appropriate responses,. and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its managetnent. 13
Docusign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE MEMBERS OF BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED Ourapproach was as follows.. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the fi nancial statements from our general commercial and sector experience. and through discussion with the director5 and other management las required by auditing standardsl, and di5CU55ed with the directors and other management the policies and procedures regarding compliance with laws and regulations,. We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework IFRS 102, Charities SORP FRS 102, Companies Act 2006 and the Charitie5 Act 20111,. We considered the nature of the industry, the control environment and busine55 performance,. We comrnunicated identified laws and regulations throughout our team and remained alert to anv indications of non-compliance throughout the audit; We considered the procedures and controls that the company has established to address risks identified, or that otherwise prevent, deter and detect fraud. and how senior management monitors those programmes and controls. Based on this understandin8 we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures.. reviewing minutes of trustee meetings to identify grant income,. tracin8 teaching records to recorded income; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the flnancial statements, even thou8h we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations lirregularitiesl is from the events and transactions reflected in the financial statements, the less likelv the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, for8ery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all law5 and regulation5. A further description of our responsibilities is available on the Financial Reporting Council's website at-. https'.// www.frc.or8.u klauditorsre5ponsibilities. This description forms part of our auditor's report. Use of our report This report 15 rnade solely to the company's members. 3$ a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company's member5 those matters we are Tequired to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or 355ume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. 14-
Docusign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED 6aryAllen FCA {Senior Statutory Audltorl for and on behalf of TC Group ¥cG roLI Statutory Auditor Lynton House 7-12 Tavistock Square London WCIH 9BQ 15-
Docusign Envelope ID.. F03F689D_34684498_B8A7_C3FSF6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED srATEMENT OF FINANCIAL AcfiviTIE5 INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies ChaTltable activitie5 Investments 15,617 192,032 8,910 15,617 192,032 8,910 4,751 166,719 3,578 26,892 31,643 166,719 3,578 Total income 216,559 216,559 175,048 26,892 201,940 Expenditure on: Charitable activities 237,940 11,474 249.414 189,766 23,294 213,060 Total expenditure 237,940 11,474 249,414 189,766 23,294 213,060 Net expenditure and movernent In funds 121,3811 111.4741 132,8551 114,718} 3,598 111,1201 Reconclllatlon of funds: Fund bala nces at I September 2023 350,154 11,474 361,628 364,872 7,876 372,748 Fund balances at 31 August 2024 328,773 328,773 350.154 11,474 361.628 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing activities. The notes on pages 18 to 27 form part of these financial statements. 16-
Docu•gn Envelope ID.. F03F689D-346B4498.B8A7_C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED STATEMENT OF FINANCIAL POSITION AS Af 31 AUGUST2024 2024 2023 Notes Flxed assets Tangible assets io Current assets Debtors Investments Cash at bank and in hand li 12 24,536 173.643 137,980 3,741 255,249 112,488 336,159 371,478 Creditors: amounts falllng due wlthin one year 13 17.3871 19,8511 Net curient assets 328,772 361,627 Total assets less current Ilabllltles 328,773 361,628 Net assets excludlng penslon Ilablllty 328,773 361,628 Thefunds of the charitv Restricted income funds Unrestricted funds 15 11,474 350,154 328,773 328,773 361,628 The note5 on pages 18 to 27 form part of these financial statements. The financial statements were approved by the the trustees on 5/20/2025 $Tr•obY. n•d b. gCBD485... l Bramha Trustee IAD453EoeoA84A4... Trustee Cornpany registration number 02780168 IEngland and Wales) 17-
Docusi9n Envelope ID.. F03F6890-346B4498-B8A7-C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Atcounting policies Charity information Bloomfield Learning Centre for Children Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Munro Centre, 66 Snowfields, London, SEI 3SS. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companie5 Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "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 IFRS 1021" (effective l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions In the SORP for charities not to prepare a Statement of Cash Flows. The financial staternents are prepared in sterlin& which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial staternents have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the the trustees have a reasonable expectation that the charity has adequate resources to Continue in operational existence for the foreseeable future. Thus the the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. The charity incurred net expenditure during the year of £32,855 and at the year-end had unrestricted reserves of £328,773 including cash at bank of £137,980 and short-term cash deposits of £173,643. The dirertors have prepared a budget for 2025-2026 and forecast a Small deficit next year. Taking into account the budget and the strength of the charitV'5 reserves. which include5 £311,623 in cash and short term cash deposits, the directors have not identified any uncertainty with regard to going concern and therefore continue to prepare the financial statements on a 80ing concern basis. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the the trustees for Specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statement5. 18-
Docusign Envelope ID.. F03F6890-346B4498.88A7-C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountin8 policie5 (Continued) 1.4 Income Income 15 recogni5ed when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. legacy income is retognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical tomeasure reliably, in which case the value is derived from the cost to the donor or the estimated resalevalue. Donated facilities and services are recognised in the accounts when received if the value can bereliably measured. No amounts are included for the contribution of general volunteers. Income from contract5 for the supply of services is recognised with the delivery of the contracted Service. Thi5 is classified as unrestricted funds unless there is a contractual requirement for it to bespent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obli8atlon to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct Costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attrlbutable to a single activity are apportioned between those activities on a ba515 conslstent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and Subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 33% straight line The gain or Ios5 arising on the disposal of an asset is determined as the difference between the Sale proceeds and the carrying value of the a55et, and is recognised in the statement of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand and short term deposit5 held with banks. 19-
Docusign Envelope ID.. F03F689D-346B4498.B8A7.C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountlng policies (Continued) 1.8 Financial instruments The charity ha5 elected to apply the provisions of Settion 11 'Basic Financial Instruments. of FRS 102 to all of its financial instrument5. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Bosicfinanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unles5 the arrangement constitutes a financing transaction, where the transaction Is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslcllnonciol liabilities Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, uslng the effective interest rate method. 1.9 Retlrement beneflts Payrnents to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from donatlons and legacles Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and 8ifts Grants 12,617 3.000 12,617 3,000 1,751 3,000 1,751 29.892 26.892 15,617 15,617 4,751 26,892 31,643 Donations and gifts Privatè donations 12,617 12,617 1,751 1.751 12,617 12.617 1,751 1,751 20-
Docusign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGU5T2024 Income from donatlons and legacles {Continuedl Unrestrirted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Grants receivable for core actlvltles The Makers of Playing Cards Charity Charterhouse In Southwark The Ironmongers Company The Merchant Taylors Company Private Individuals 3,000 3,000 3,000 3,000 6,400 6,400 5,360 5,360 5,132 10,000 5,132 10,000 3,000 3,000 3,000 26,892 29,892 Incorne frorn charltable actlvltles Unrestrlcted funds 2024 Unrestrlcted funds 2023 Teaching and assessments Parental contributions for le550ns School and authority contributions for lessons Parental contributions for assessments School contributions for assessments Local Authority contributions for assessments Forms from assessors 44,250 67,880 63,150 8,500 6,400 1,852 33,210 70,158 49.001 14,350 192,032 166,719 21
Docusign Envelope ID.. F03F689D-34684498-B8A7-C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTESTO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 Income from investments Unrestricted Unrestrlcted funds funds 2024 2023 Interest receivable 8,910 3,578 Expendlture on charitable activities Actlvltles undertaken dlrectly 2024 Artivities undertaken directly 2023 Dlrect costs Staff costs I ndependent Assessments Legal & Professional Telephone Training Sundries Bad Debts IT& Web51te 150,010 80,530 2,208 1,519 1,344 4,038 500 132,227 66,147 1,776 1,804 1,764 1,607 11401 3,575 3,265 243,414 208,760 Share of support and governance costs (see note 6) Support 6,000 4,300 249,414 213,060 Analysis by fund Unrestricted funds Restricted funds 237,940 11,474 189,766 23,294 249,414 213,060 -22-
Docusign Envelope ID.. F03F6890-346B4498-B8A7-C3F5F6FA1 F04 BLOONFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 AUGUST2024 Support costs allocated to activities Activities undertaken dlrectly 2024 Total 2023 Governance 6,000 4,300 The Trustees None of the the trustees lor any persons connected with them) received any remuneratlon or benefits from the charity during the year nor the prior year. Employees The average monthly number of ernployee5 during the year was: 2024 Number 2023 Number Employment Costs 2024 2023 Wages and salaries Other pension costs 119,301 30,709 109,085 23,142 150,010 132,227 The teachers all work part-tirne and the head teacher undertakes the charity's administration. Additional teaching and assessment services are provided on an occasional basis by independent individuals. The directors are not considered ernployees for the purpose5 of the above disclosure. The average nurnber of full-time equivalent employee5 during the year was 312023.. 31. There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. -23-
Docusign Envelope ID.. F03F689D-346B4498-B8A7-C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Tangible fixed a55et5 FIKtures and fittin8S Cost At I September 2023 21,900 At 31 August 2024 21,900 Depreciation and impairment At I September 2023 21,899 At 31 August 2024 21.899 Carrylng amount At 31 August 2024 At 31 August 2023 11 Debtors 2024 2023 Amountsfalllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 11,845 10,892 1,799 2,200 179 1,362 24,536 3,741 12 Current asset Imiestments 2024 2023 Bank deposits 173,643 255,249 24-
Docusign Envelope ID.. F03F689D.346B4498_B8A7_C3F5F6FA1 F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR EIVDED 31 AUGUST2024 13 Creditors: amounts falllng due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 1,941 910 1,000 6.000 455 950 5,982 7,387 9,851 14 Retirement beneflt schemes 2024 2023 Deflned contrlbution schemes Char8e to profit or loss in respect of defined contribution schemes 30,709 23,142 The charity operates a defined contribution penslon scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 15 Re5trlcted fund5 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Atl September 2023 Incoming resources Resource5 At 31 August expended 2024 11,474 111,4741 Prwiousyear: Ati September 2022 Incoming resources Resources At 31 Au8ilSt expended 2023 7,876 26,892 123,2941 11.474 25-
Docusign Envdope ID.. F03F689D-346B4498.BeA7-C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTESTO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 16 Unrestrirted funds The unrestricted funds of the charity comprise the unexpended balances of donation5 and grants which are not Subject to specific conditions by donors and 8rantor5 as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specific purposes. Ati September 2023 Incomlng resources Resources expended Transfers At 31 August 2024 Designated fund5 General funds 150,000 200.154 50,000 150,0001 200,000 128,773 216,559 1237,9401 350,154 216,559 1237,9401 328,773 Prevlous year: Atl September 2022 Incomlng resource5 Resources expended Transfers At 31 Au8USt 2023 Deslgnated fund General funds 150,000 214,872 150.000 200,154 175,048 1189.766) 364,872 175,048 1189,7661 350,154 The trustees have created a designated reserve of £200.000. This reserve is being held as a long term fund for use if there is a major shift in the economic environment of the charity or dyslexia teaching funding. In particular, the cfvarity may need to move premises on Short notice and the costs of that move and the additional rent (the charity currently pays a peppercorn rent) may be significant. 17 Analysls of net assets between funds Unrestricted funds 2024 Restricted Total funds 2024 2024 At 31 Au8USt 2024: Tangible assets Current assets/{liabilitie51 328,772 328,772 328,773 328,773 -26-
0¢,$[gn Envelope ID= F03F689D-346B4498_B8A7_C3F5F6FA1F04 BLOOMFIELD LEARNING CENTRE FOR CHILDREN LIMITED NOTESTO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 17 Analysls of net assets between funds {Contlnued) Unrestricted funds 2023 Restrlcted funds 2023 Total 2023 At 31 August 2023: Tangible assets Current assets/lliabilitiesl 350,153 11,474 361,627 350,154 11,474 361,628 18 Related partytransactions There were no disclosable related party transactions during the year12023 nonel. -27-