REGISTERED COMPANY NUMBER: 03289942 {England and Wales) REGISTERED CHARITY NUMBER: 1060208 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED Bronsens Chartered Certified Accounlants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH
THE ACTMTIES, CHILDCARE AND EDUCATION CENTRE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Reference and Admlnlstratlve Details Report of the Trustees Independent Examlnerfs Report ststement of Flnanclal Actlvltles 8alanc• Shoot 6 to 7 Not•s to the Flnanclal Statements 8 to 12 Dètalled Statement of Flnanclal Actlvltles 13
THE ACTIVITIES. CHILDCARE AND EDUCATION CENTRE LIMrrED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Mrs E Hutchings Mr D Quick Mrs S Purssell Ms L Jenkins COMPANY SECRETARY Mrs E Hutchings REGISTERED OFFICE Burford Road Chipping Norton Oxfordshire OX7 5DZ REGISTERED COMPANY NUMBER 03289942 (England and Wales) REGISTERED CHARITY NUMBER 1060208 INDEPENDENT EXAMINER Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 58H Page 1
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED 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 chariiy 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 20191. OBJECTIVES AND ACTIVITIES ObJectlv8s and aims The principal activity of the charitable company is that of providing facilities for the daily care, recreation and education of the children and their parents and carers, who are in need of such facilitles by reason of thelr age, poverty or social, economic and geographical cirGumstances. Signiflcant actlvltles This year has proved to be another challenging year for ihe ACE Cenlre, with changes in leadershlp, and difficulties with recruiting staff. Grace Mortimer and Sophie Keenan have stepped up lo the challenge of joint leadershlp following the stepping down of James Corfield. The joint managers now split the role with a one manager leading the term tlme 2 year old satting, and the other leading the year round 0 - 3's setting. This structure is working well, providing year round leadershlp. with back up for both sattings. Support has contlnued to be bought in from the Nursery School head teacher. This continues to provide expertise and support for the Charity setting. and has been invaluable in maintaining standards and professional development of the whole team. CPD has been a focus this year, with two members of the leam embarking on leval 5 NPQ training in Eady Years Leadership, one person undertaking Level 3 SENCO {special needs co-ordlnator) training. and apprentices studying for level 2, and level 3 qualifications. Following changes lo government funding we prepared to take increased numbers of funded children. We now offer our Preschool session from 8am 2pm, which offers increased flexibility to help meet the needs of par8nts and families. We have been able to increase our numbers of children, but expansion is still hindered by the drfficulty of recruiting suilably qualified stsff. This situation is exacerbated by some long term staff sickness issues. Wellcomm continues to be a valuable tool in the screening and support for communlcation and language development of our young children. This Is used across both settings, and is led by an experienced practitioner. Re-calculatlon of our lease with Oxfordshire County Council has resulted In an increase in our rent. This coupled with a steep rise in the minlmum wage, and other inflalionary pressures, has caused pressure on our finances, but continued carefijl overslghl has so far been effective In managing the situation. Thls careful monltoring by the Trustees will continue next year. We are actively looking to recruit new Truslees to our board as current trustees are looking to move on in the near future. This will be a priority for 2024 - 2025. Disabled Employees The chariiable company gives full consideration to applications for employment by disabled persons. Flxed Assets Changes in fixed assets during the year are set out in the notes to the financial statements. Page 2
THE ACTivmES, CHILDCARE AND EDUCATION CENTRE LIMITED REPORT OF THE TRU8TeES FOR ThE YEAR ENDED 31 R¢H 2024 08JECTIVE8 AND ACTMTIE8 Publlc bOnli The Tru4le89 rovlèw tha alms, abClI& WMI a(thltl88 each year. We kd¢ at w8 h8v8 hlaVad In t8mi8 of thg 6ueLe88 of ea( kèy 8clfvlly and the b8n8fits have brought lo tha CLYnmunlty. Th18 re akn hdp8 US to en8ufe our alrrk8, obJ8dives arKI acifvll8 remaln lo81 on ow 8tat6d wp08e8. Wo hava r•lered lo the 9danC cont81ned in tha Charlty CommS88lon'& ganèral publio bénèfrt vth8n rQWg our alma and thleclNes and n plannhg our ftiiure a68. In particular the Tru8tse$ SIder how F4ann•d acihAII88 w]1 contr1118 lo the 81Th ond Obj w6 h8ve sot. FINANCIAL REVIEW Flnanclol po•ltlrM) Income Ihe ygar end 31 March 2024 wa8 £271,678 (2023. £276,456). Tho •tai•menl offlnan¢lal aGtlvlll08 8how8 8 not d8ffGft fortha y80r of £24.4351202& 8urp8 of £5,817). Unrastrlctad fund8 8tand at £110,732 {2Q23- t135,1671. R•••rve• poky The chgrlly ha8 av•lable unr•strlrted fund• cl £110,732, ThIB IB In Ine whh lh• trust•8S' 8tat•d alm ol malnlelnlng worklno ¢apltal al • level thal wlll Mver around 81x of unre8trlcted expendlture b88&1 ( current adlvty18v•l8 8TRUCTVRE, OOVERIIANCE ANO MANAGEMEMr Gov•mlng docum•nt The chadty18 ctrolled by h8 govamkng dMent. a d•od ol tN81. ONJ n81te8 a Ilmlt8d Mryjgry, lknlt•d by guarantsa, •8 delhd by tho Ccthpanle8 Acl 2CrfJ8. Thls report has baen prfjpared In 8eLordanco wFth lh8 8p•clal prov1B15 ol Part 15 of tha Comparle8 Act 2(K)6 relallng to small companle8. Approv#d by order of the board ol Iw81e88 on .,,.. , #nd Blgned on It8 behBW ty. MrnSP Pago 3
INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE ACTIVITIES. CHILDCARE AND EDUCATION CENTRE LIMrrED Indèpond•nt examln•V• r•port lo the tNBt•es of The Actlvllloi Chlldeare and Educatlon Centre Llmltèd rih• Compony'l I raport to the charlly Irugte88 on my 8xaminatlon of tha accnts of the Comp&ny for lh8 year andad 31 March 2024. R•AponalbllltlM and ba81¥ of rnport A8 iha th8rftl8 trustgeg of tha Company (and al80 Its dlracttys for th8 purposes of company lawl you aro r6$FsIbl0 for tho weparallon of the accounts In acrxvd8nc8 wllh tha requirement8 of the Compani08 Ad 2006 (the 2006 ACVI, Hnll $8118ftad myself that tha 8C(x)unts of the Conpeny are n[ requlred lo be oudltéd under Part 18 of th 2006 Acl and are 6llgible for Independenl 8xamln8llon. I rerth In r8gpe¢t of my examlnBlon of your charllrf8 aorJJunl& a8 (xrrled out under Sectlon 145 of tho CharlleB Act 2D11 Cthe 2011 ACVI. In rryIng out my oxamlnatlon I hav8 follow8d the Dirg¢Llon8 ll8n by the Charlty Commls8lon under Section 145151 {b) of tho 2011 Acl, Ind8p•ndent oxamln8r'8 8tst4m•nt Slnee your Charlty's gross Incc7)e axe88d•J £'2bU,OW your examin8r mu81 ba a m8mber of 8 118lthJ body. I cBn confimi thot l am qsJalSfied to undertBke the OK6mlnallon beceu8e l am a rnemb8r of thg In¥ll18 of Charter8d Atants In England and Wabl, wNch bB ona olthe Ilstod bodle$, I hw8 compthd my examlnauon. I conllmi that no matteTr have c¥Jm& to my altenlion In conneclkn vAlh the exwnlnotkin gIng mo Gpuse to bèllave.. CCA)unllng rgryJrd8 wer8 not kept Sn roBpoci ol tho Compony es requlred by Secllon 386 of tha 2CKJ6 Act., or tho aCUnIS do not accord vAth records., or the ACCA)untB do nol ¢CfflFAy whth tho aLwunllng requlremts ol Seclion 396 of the 2006 Act other than any requirement Ih81 the a¢oounts glve a true end f4lr vlew whSch le not 8 m8tt•r con8ld8red P8rt 01 an Indgpendenl 8xamln8llcvi', OT the accoun18 h8ve not been pr8par•J kn aratydanca wlih the methodB and prlndple8 of tho Slalement of Ro¢omm8nded Pracll¢g frA accounlkng and r8FK)thg by oharille8 lapplicable to tharflle8 preparing Ihelr accwnts In accordance th tho Flnanclal Roportlng Standard appllebblo In the UK and Republltt of Ireland IFRS 102)). I ha no corwms and have come acrois no othw matters In connecllon wllh tha examln8tk)n to whlch ottenlkjn ¥lK)Lld be drown In th18 ryrt In order lo ongblè & propar under818ndlng of the aeojunts to be ached. Ph11 J Burton FCA Broneano Ch8rtertd C•rtifd A¢¢ountan18 Hulslda Alt4on Slr86t Chlpplng N(Mtsn OXfdh1r8 OX7 58H Zo2* Pag8 4
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMrrED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM Charltable activiti88 Grant income Fee income 35,495 234,548 35,527 240.328 Investment income 1,635 601 Totsl 271,678 276,458 EXPENDITURE ON Charitable actlvltles Direct charitable expenditure Grant income Fee income 34,657 12,681 153 14,077 Other 248.622 256,762 Total 296,113 270,839 NET INCOMEI(EXPENDITUREI (24,435) 5,617 RECONCILIATION OF FUNDS Total funds brought forward 135,167 129,550 TOTAL FUNDS CARRIED FORWARD 110,732 135,167 The notes form part of these financial statements Page 5
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED BALANCE SHEET 31 MARCH 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank 13,381 119,918 14,259 134,714 133,299 148,973 CREDITORS Amounts falling due wlthin one year 10 (22,567) (13,817) NET CURRENT ASSETS 110,732 135,156 TOTAL ASSETS LESS CURRENT LIABILITIES 110,732 135,167 NET ASSETS 110,732 135,167 FUNDS Unrestricted funds 110,732 135,167 TOTAL FUNDS 110.732 135,167 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 audil of ils financlal statements for the year ended 31 March 2024 In accordance with Sectlon 476 of the Companies Acl 2006, Th6 trustees acknow18dg8 thelr responsibilitl8s for {a) ensuring that the charitsble company keeps accounllng 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 charitsble company as at the end of each financial year and of its surplus or deficil 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 statsments, so far as applicable to the charitable company. The notes form part of these financial statements Page 6 continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMrrED BALANCE SHEEf - conlinued 31 MARCH 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. ncial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. Mrss 11- Trustee MrsE utchings - Truste8 The notes form part of these financial statements Page 7
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparing the flnanclal SLeMents The financial statements of the charitable company, which is a public benefit entity und8r 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 Slandard applicable in the UK and Republic of Ireland {FRS 1021 (¥ifgiliv¥ 1 Jdiiuary 2019),, Financial Reporting Standard 102 'The Financial Reporting St8nd8rd applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been preparad under the historical cost convention. Income All income is r8cognised In the Ststement of Financial Actlvlties once the charity has entitlament to the funds, it is probable that the income will be received and the amount can be rneasured rellably. Expenditure Liabilities are recognSsed as expenditure as soon as there is a legal or conslwctive 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 accNals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to partlcular headings they hav8 been allocated to activitles on a basls consistent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office fumilure and equipment 15 % on reducing balance Taxallon The charity is exempt from corporation tsx on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable oblectlves at the discretion of the trustees. Restrfcted 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. Furth8r explanation of th8 naiure and purpose of each fund is included In the notes to the financlal statements. Hire purchase and leasing commltments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basi5 over the period of the lease. Penslon costs The charitable company conlributes to the employees, pension scheme. Contributions payable for the year are charged as resources expended. Page 8 continuad...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMtrED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 1,635 601 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Grant income Fee income Grants Fees 35,495 234,548 35.527 240.328 270,043 275,855 Grants received, Induded In th8 above, are as follows.. 31.3.24 31.3,23 EEF grants Local Authority funding 32,757 2,770 35,527 NET INCOMEI{EXPENDITURE) Net incomel{expenditure) is stated after chargingl{crediling)- 31.3.24 31.3.23 Depreciation - owned assets Hire of plant and machinery 20,348 19,218 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Truste8s' expanses There were no trustees, expensés paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.24 21 31.3.23 20 Stsff No 8mployee5 received emoluments in excess of £60,000. Page 9 continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMrrED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestridèd fund INCOME AND ENDOWMENTS FROM Charitable activities Grant income Fee income 35,527 240,328 Investment income 601 Total 276,456 EXPENDITURE ON Charitable actlvities Direct charitable expenditure 14,077 Other 256,762 Totsl 270,839 NET INCOME 5,617 RECONCILIATION OF FUNDS Total funds brought foward 129,550 TOTAL FUNDS CARRIED FORWARD 135,167 TANGIBLE FIXED ASSETS Office furniture and equipm8nt COST At 1 April 2023 and 31 March 2024 819 DEPRECIATION At 1 April 2023 Charge for year 808 At 31 March 2024 819 NET BOOKVALUE At 31 March 2024 At 31 March 2023 11 Page 10 continued...
THE ACTIVITIES. CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors 13.381 14.259 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Accrued expenses 21,433 1,134 12,797 1,020 22,567 13,817 11. MOVEMENT IN FUNDS Nel movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 135,167 (24,435) 110,732 TOTAL FUNDS 135,167 (24,435) 110,732 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Mov8m8nt In funds Unrestricled funds General fund 271,678 (296,113) (24,4351 TOTAL FUNDS 271,678 (296,113) (24.4351 Comparatives for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 129,550 5,617 135,167 TOTAL FUNDS 129,550 5,617 135.167 Page11 continued...
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Genaral fund 276,456 {270,839) 5,617 TOTAL FUNDS 276,456 (270.839) 5,617 A current year 12 months and prior year 12 months comblned position is as follows: Net movement In funds At 31.3.24 At 1.4.22 Unrestrlcted funds General fund 129,550 (18,818) 110,732 TOTAL FUNDS 129,550 {18,818) 110.732 A current year 12 months and prior year 12 months combined net movement in fijnds, included in the above ara as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 548,134 {566.952) (18,818) TOTAL FUNDS 548,134 (566.952) {18,818) 12. RELATED PARTY DISCLOSURES Th8r8 were no related paty transactions for the year ended 31 March 2024. Page 12
THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Investment Income Deposit account interest 1,635 601 Charitsble actlvlties Fees Grants 234,548 35,495 240,328 35,527 270,043 275,855 T¢)tal Incomlng resources 271,678 276,456 EXPENDITURE Charltabl6 actlvltles Acllvlty costs and expenses 13,631 14,077 Support costs Management Wages Building costs and equiprnant Insurance Training and conferences Telephone Postage, stationery and photocopying Sundries IT equipment and Soare Administration services Registration fees and subscriptions Clothing Bad debts Accountancy Bank charges Professlonal fees 222.366 20,348 2.393 1,818 105 396 3,178 2,481 18,716 268 245 202,670 19,218 2,322 566 98 710 3,394 1,490 15,897 268 {58) 960 225 9,000 1,194 147 8,816 282,471 256,760 Other Deprecialion of tangible fixed assets Total resources expended 296,113 270,839 Net (expendlturelllncome (24,435) 5,617 This page does not fomi part of the statutory financial slatements Page 13