Busy Kids at Bromham: Trustees Report
For the year end 31[st] August 2023.
[st] August 2023.
Governing Document
Busy Kids was registered as a charity on 15[th] July 1993 (Charity no. 1023829). The Trust is governed by a constitution, which was adopted on 8[th] December 2004 and amended on 5[th] May 2009. The charity was established to enhance the development and education of children primarily under statutory school age by offering play, education, and care facilities.
Principal Activity
The principal activity of the trust is to provide day care facilities for pre-school age children. In setting our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.
Trustees
Trustees who served during the year are detailed on the Information Page
Recruitment and appointment of Trustees
The charity’s work focuses on young people. The Trustees seek to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. The more traditional business skills are well represented on the Board of Trustees. In the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board of Trustees.
Results of the year
The Trustees are of the opinion that the financial position of the charity is unsatisfactory but we anticipate no difficulties in meeting the obligations of the charity.
Reserves Policy
It is the aim of the Trustees to maintain funds, which are the free reserves of the charity, at a level which provides sufficient funds to cover redundancy payments should such arise. The Trustees acknowledge that the available reserves at the end of the year were below the minimum levels that they aim for. The increased level of maternity leave and administration errors by management have attributed to this position. These errors have been addressed and appropriate disciplinary action taken. Enhanced financial controls have been implemented by the Trustees and the Trustees believe that the financial position will recover with increased funding levels in 2024, reduced maternity leave and close management of staff recruitment/replacement/ratios. We therefore consider that with the backing of the Trustees that the charity remains a Going Concern.
Risk Management
The Trustees have undertaken a detailed consideration of the financial and other risks to which the charity may be exposed and have agreed that these are adequately mitigated by the nature of the charity’s activities and the specific circumstances in which it operates. Internal controls risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers and associates. These procedures are periodically reviewed to ensure that they continue to meet the requirements of the charity in satisfying the statutory and moral obligations imposed by its activities.
The report approved by the Trustees on ____ and signed on its behalf by
(Chair __)
(Date _____)
Information Page: Trustees served during the year 2022/2023.
Laura Oliver (Chair person)
Emma Napier
Sue Dicks
Allan Wall
Joe Simms
Stacey Simms
Jenna Humphries Christine Price
Report to the members of: Busy Kids @ Bromham
On accounts for the year ended: 31 August 2023 Respective responsibilities of The treasurer as appointed by Busy Kids @ Bromham is trustees and examiner responsible for the preparation of the accounts. The Charity consider that full in depth audit is not required for this year and that a thorough independent examination is needed.
It is my responsibility to: examine the accounts. confirm that the figures present a true and fair view of the position. to state whether particular matters have come to my attention.
Basis of independent examiner’s My examination was carried out in accordance with general statement Directions given by the Busy Kids @ Bromham and Accountancy bodies. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Treasurer concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Partners: Sam Gooding FMAAT FMATT FIAB Katy Gooding BSc FCA Company No: 09087439 Registered in England and Wales as ; Gooding Accounts Ltd Registered Office : 24 Warminster Road, Westbury, Wiltshire, BA13 3PE
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with regular Accounting procedures.
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to prepare accounts which accord with the accounting records and comply with the necessary accounting requirements of the Busy Kids @ Bromham.
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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which would give rise to any concern in relation the full disclosure of all financial matters in relation to the Busy Kids @ Bromham.
Signed: Date: 13 January 2025 Name: Katy Gooding
Relevant professional qualification(s) or body:
ICAEW
Address: Gooding Accounts Ltd 24 Warminster Road, Westbury Wiltshire BA13 3PE
Profit and Loss
Busy Kids Bromham For the year ended 31 August 2023
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Account 2023 2022
As restated
Turnover
Eligibility hours on parent bills (9,146.86) 0.00
Interest Income 9.72 0.00
Other Revenue 56,224.10 0.00
Sales 162,527.88 197,725.00
Total Turnover 209,614.84 197,725.00
Cost of Sales
Direct Expenses 5,454.28 44,510.00
Direct Wages 169,928.99 204,007.70
Total Cost of Sales 175,383.27 248,517.70
Gross Profit 34,231.57 (50,792.70)
Administrative Costs
Advertising & Marketing 194.23 0.00
Audit & Accountancy fees 1,864.00 0.00
Bank Fees 257.00 0.00
Cleaning 6,658.45 0.00
Depreciation Expense 4,556.14 0.00
General Expenses 9,608.86 0.00
Insurance 1,886.04 0.00
IT Software and Consumables 96.00 0.00
Light, Power, Heating 3,342.70 0.00
Paperwork KY 4,870.93 0.00
Paperwork Shops 4,834.39 0.00
Pensions Costs 6,698.09 0.00
Postage, Freight & Courier 36.70 0.00
Printing & Stationery 1,890.23 0.00
Prior year adjusts (500.00) 0.00
Rates 989.50 0.00
Reimbursements KY (75.00) 0.00
Rent 96.00 0.00
Repairs & Maintenance 623.67 0.00
Staff Training 1,182.00 0.00
Subscriptions 791.23 0.00
Telephone & Internet 1,789.76 0.00
Total Administrative Costs 51,690.92 0.00
Operating Profit (17,459.35) (50,792.70)
Profit on Ordinary Activities Before Taxation (17,459.35) (50,792.70)
Profit after Taxation (17,459.35) (50,792.70)
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Balance Sheet Busy Kids Bromham As at 31 August 2023
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Account 31 Aug 2023 31 Aug 2022
As restated
Fixed Assets
Tangible Assets
Buildings 91,244.00 91,244.00
Less Accumulated Depreciation on Buildings (85,169.14) (80,613.00)
Total Tangible Assets 6,074.86 10,631.00
Total Fixed Assets 6,074.86 10,631.00
Current Assets
Cash at bank and in hand
Busy Kids Bromham 0.00 905.21
Busy Kids Bromham Saving 100.09 3,008.37
Total Cash at bank and in hand 100.09 3,913.58
Accounts Receivable 1,356.20 0.00
Prepayments 0.00 1,804.00
Total Current Assets 1,456.29 5,717.58
Creditors: amounts falling due within one year
Accounts Payable 1,261.29 400.00
Accruals 1,336.57 0.00
Busy Kids Bromham 1,353.72 0.00
PAYE Payable 10,176.04 5,085.70
Total Creditors: amounts falling due within one yea 14,127.62 5,485.70
Net Current Assets (Liabilities) (12,671.33) 231.88
Total Assets less Current Liabilities (6,596.47) 10,862.88
Net Assets (6,596.47) 10,862.88
Capital and Reserves
Current Year Earnings (17,459.35) (50,792.70)
Retained Earnings 10,862.88 61,655.58
Total Capital and Reserves (6,596.47) 10,862.88
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