REGISTERED CHARITY NUMBER: 1065488 REPORT OF THE TRUSTEES AND UNAUDITED RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 JUDY CLARK CHILDCARE
JUDY CLARK CHILDCARE Trustees, Annual Re ort TAR Purposes and Alms: The charlty aim5 to provide sessional childcare for chlldren aged 2-5 years and out-of-school care for children aged 3-11 years. Principal Funding Sources: Funding is primarily derived from local government sources, including early years funding and fees for out-of-school clubs and playgroups. Trustees: Carol Haller senies as Chair, with Tamsin Nicolson, the Nursery Manager, also acting as a Trustee. Inde endent examlnerfs re ort Responsibilities and basis of report The charity's accounts are prepared and reconclled in accordance with the requirements of the Charities Act 2011. I report in respect of my examinatioll of the Judy Clark childcare's accounts carrled out under sectlon 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions glven by the Charlty Commisslon under section 14515){b) of the Act. Independent examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any materlal respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord wlth the accounting records I have no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Plamenna Hargreaves, FMAAT Your Bookkeeper Servlces l Toothill Gardens, Grimsby, DN34 4EP Date: 1210112026
JUDY CLARK CHIU)CAftE {INCOIIPORATING MACUIAY OUT OF SCHOOL CLU61 ANNIIAL AtCOUNrs EPTEMBER 2023TO Is AUGUST 2024 1st lft 00SC/Plawoup Fee5 NELC Fundln8 Ios5 overpaymefits 30,388.75 66,664.50 -1,246,50 65,418.00 973.51 3ank IIEtotost 96.780.26 ndltu¥ Wag2% 1..pensIon Inswance NELC Kent & SepAces Tralni Consvmable Itconces Utllltles Prolessl wore Ucense Bank Cttarye 97.936.07 l.lJ63.96 5.124J2 476.J5 2.218.28 634.79 576.IXI 372. 1,354.Y2 42 110,180.58 .13.40CI,32 Bank Accounts a4slN4 Interort A0r*t 62.723.S6 49,323.24 MalA Affount Bank Balayftco blfwd. 1723.56 Bank Balunrk ¢/lwd. .323.24 ?¢ eAsh Halanco 1.92 1.92 I he¥oby certlfy that th¢se accounts are a t¥ve and 4ecyMto re¢ofd. SfRn¢d. Date 1210112025
Judy Urkthlld¢•re ststeAneAt¢ndlna SyO812024 8alan<e arnvght £ 61121.$6 INCQfte È%VEt4DIIVRE llANK YOYAL 8AIK YI)TAL 594.yg 12M28 Inlefftst Re(oY¥td tyn31 s¥4tsl .?5 Nf IC Fundir Conwmablol Stspyues OOSCINawoyp Fe& Fund fitslft81 Oiher Inmffle É i.U63,96 Flxl¥re andthtlr¢s Pr4185slonal Swvtes. Ar¢ourtant P¥olesslonolSvths. Payiull IoLso Apwentice5hTp TRln¥n4 Èttnt ululu/ Sef¥keth)rse Wal/NEST W8ges/lletP ITax S•¥xJrelkonse 8ohkCharye 170,66 4y&is £ $.ZM02 È y.284AII £ 14266 £ loas £ 13&¥32 TOTAL RI1?1$ £ ?Ao. a932324 TOYAL PA¥M1tr4TS É 114X80.S8 GRANk)YOTAL £ ealaAceBrou8ht ftywart nas6 8alan¢w¢ed fwwod £ 49.32324 l(w¢ IM¥e olthnodallthe Informal¢otiaTrJ ew4na11a1th lftm¥{wrlop¥nion VI ne<e%soryfwthg PTepaia#onolihe a(tOtsAt& ¥Sollu¢¥aark£tiTldÈ. Your a4e¢PersI¢IS l¥o(ifr
IUDY CLARX CHILDCARE (INCORPORATING MAcu¥OuToF SCHOOL cwa) Bank Mllatlfln at3tst Au UAt 2024 OpenFn£ balan£e ai siart of o flnanfJal yea¢ Rec Paymerts Pa¥meth$a on bank StatemLS 201,184,69 Roeei appoailfi on baftk %tatoMei) 202.184.fJg Tt>iatsltVoul OA lIll statemenl 202,184.69 202,1 Balance a$ CufCLmi ba#k s 31108n024 léss dKques Id aut Ilfjly QR Iho siatoment 00 trs Aot ytt On Ihe statonwni bk n£e * 31$t st 2024 OMO JUDYCLARKCHILIKARE oItATIIIG MACU OF SC+IIXIL CLU Inl¢rst A<tount Ila alance art ol the finan¢ial ye 62.Y23S6 P•yme Payftwfit$ appoafln on tsank sta 106. Re¢eipts a9pewlll8 Ort ilk st£meAts 92.6 Totals Itt100 bank statement 2,69ah9 .01 8al3rte as pet tuffent ljank stAement 311 12024 49323.24 itss cheqllL paid twl iiotyet on the ststemeftt ono Add aYttoufiL4 pald In ttoi y4t the statem Yiue bank balance ai 31st August 2024 324
JUDY CLARK CHILDCARE TING MACU£AY OUT OF SCHOOL CW8} (INCORPO CREalT CARO Recelpts Payments 2,319.05 Spertd fof th* yeaf Relmbuf$en72nts Maln Attount Sep 2 2023 26.65 332.38 59.37 240,73 331.02 255.11 180.22 192.63 82.3B 165n6 345.36 .14 De¢ 2023 J# 2024 Feb Mar 202 Jun 2024 Jul 2024 Aug 2 131911S 8alano BIFwd 1.92 Recelpts ayments snd for the year Retmbursemenis Main Attount 1.92 alance CIFwd 3110812024
JUDY aARK CHILDCARE (INCORPORATING MACUIAY OUT OF SCHOOL CLUB) fax Calcu13tlon Year to 31st August 2024 Proflt / Loss before tax -13,400.32 Addttlon to Proflt Dis?Ilowable Expenses 110,180.58 96,780.26 Non Taxable Income .96,780.26 Tax Llablllty Year-End Accounts Report The financial year 23/24 ended with a loss of £13,400.32, showing improvement from last year's £30,459.34 loss. This decrease is mainly due to rising costs and reduced funding. Ongoing deficits threaten the charity's sustainability, highlighting the urgent need to stop drawing from the Reserve account at current levels to cover funding gaps. Continued deficits could jeopardise the charity's future operations and stablllty. Income Analysis: Income for 23/24 was similar to 22123, with a slight decrease of £4,409.05. This decline may be attributed to reduced attendance. Conversely, the charity increased its collection of fees for out- of-school care and playgroup by £988.25 compared to the previous year. The investment in a new nursery management system has proven beneficial, with expectations of further gains in subsequent years. Although interest accrued on the Reserve account has increased in line with rising national interest rates, it remains insufficient to significantly boost income. No additional fundraising activities were conducted during the year.
Expendlture Analysls: Cost-saving measures in consumables and wages have been implemented, but these savings are insufficient to cover the funding shortfall and collected fees. Operational costs such as rent, consumables, and utilities account for only Il% of total expendlture, The charity maintains a minimal expenditure approach, strlving to optimise savings wherever possible. Speclflc Expense Categorles: Annual Fees and Ucences: Includes standard licenses such as MPLC, PPL PRS, Ofsted fees, with sllght reductions due to inflation. Consumables: Savings of £756.29 were achieved, with ongoing efforts to reduce costs. Data Protectlon: Covers standard fees and DBS checl<s. Insurance: Premlums Increased in Ilne with inflation. Fixtures and Fittings: No expenditure recorded in this category during the year, Professlonal Servlces: Small savings were realised by discontinuing HR support services. Apprentlceshlp: A new expense almed at reducing wage costs through apprenticeship programs, which also generate profit. Training: Staff received necessary training aligned with their roles. NELC Charges (Utilities, Service Charges, Rent): Rent remains unchanged; a reduction in service charges was noted due to prior extra costs. Salaries: Better workload planning and the use of apprentices resulted in savings of £11,282.04. Petty Cash: No longer used; expenses are paid via credlt card. Bank Charges: Continue to rise with inflation. Miscellaneous: The charity awaits reimbursement of a personal loan, expected to be reflected in 24/25 accounts. Overall Recommendatlons The charity's Reserve/Saving account balance has been declining sharply for four consecutive years. If this trend persists wlthout an increase in funding or income, the charlty risks closure. It is strongly advised to explore additional paid activities and seek support from other local charltles for fundraising efforts. Engaging active and capable trustees to assist with fundraising and funding research Is cruclal. The charity should consider reaching out to local organisations for advice and support. Due to funding shortages, staff are overstretched, which has negatively impacted admlnlstrative quality. Addressing these Issues is vital to ensure sustainability and operational efficiency.