**Charity registration number 1069990**
**Company registration number 02784445 (England and Wales)**
**FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|G B Allcock|
|---|---|
||S J Cornwall|
|**Charity number (England and Wales)**|1069990|
|**Company number**|02784445|
|**Principal address**|Highfield Lawn|
||Field Lane|
||Fakenham|
||Norfolk|
||NR21 9QR|
|**Registered office**|Highfield Lawn|
||Field Lane|
||Fakenham|
||Norfolk|
||NR21 9QR|
|**Independent examiner**|Mapus- Smith & Lemmon LLP|
||48 King Street|
||Kings Lynn|
||England|
||PE30 1HE|
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 17|
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
The trustees present their annual report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The charity's object and its principal activity continues to be that of providing child care facilities in the Fakenham area. The organisation provides day care facilities for children up to 14 years of age including special facilities for six babies.
The main aims of the charity are;
1. To provide affordable, flexible and inclusive, good quality childcare and education for children that live in the Fakenham and District area.
2. To provide a service that meets the needs of our families and enables parents to leave their children feeling confident and reducing anxiety in their childcare arrangements.
3. To provide a curriculum in which the welfare, security and development of children is of primary importance. Encouraging all children to grow and develop at an individual pace, promoting an awareness of their selfworth and expanding their understanding of themselves and of others around them and to be a valued and valuable member of our Centre and our community.
4. To create an environment which feels like home and to provide an extended family environment.
5. To make provision, regarding the diverse needs of the community, embedding British Values. To actively consult parents, schools and outside agencies involved with any child in our care, ensuring that they meet their own unique potential. Recognising that each individual child has different needs relating to personal characteristics and pre-school experiences and that such needs require early identification, in order to build a programme of ongoing development through positive assessment.
6. Create a loving and secure environment, through cultural capital, where making choices, mistakes and trying things out are valued and celebrated. Where promoting independence of action and thought are encouraged, building children’s confidence in all activities and providing opportunities for play and talk through observing, imagining, experimenting, exploring, identifying, choosing and practising.
7. Praise and encourage good behaviour building self-esteem, fostering a caring attitude towards others and their property. Learning to value everyone regardless of gender, race, class or disability, ensuring that all children have equality of opportunity and access to a broad, balanced, relevant and different curriculum, within a safe, secure and stimulating environment.
8. Providing an environment where the process of learning is celebrated for children and adults alike. Students and children benefit from the experience and skills of more knowledgeable others who support them to achieve their goals.
9. To promote well-being and respect.
10. To equip our children with skills for learning, life and work, ready to actively grasp and follow their dreams in the future.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
- 1 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **Achievements and performance**
## _Significant activities and achievements against objectives_
Fakenham Children’s Daycare Centre continues to support families with outstanding care and education for children aged 0-7 years, including respite for a small number of children during the school holidays.
Transitions to schools and between rooms have been successful with professionals working together to meet the needs of individual children.
In April 2024, the early years funding expanded to include children aged 2 who met the government criteria. The universal funding for three year olds was extended to award children an additional 15 hours per week during the term time. Fakenham Childrens Daycare Centre managed to employ new and deploy existing practitioners to ensure that all families were able to access additional hours as requested. The Centre is currently full for all sessions. Breakfast and After School club continues to provide wrap around care for small number of children.
Environmental Health awarded the full 5 stars, following a routine inspection.
Fakenham Children's Daycare Centre has been part of a national pilot scheme to train practitioners to support children with their emotional regulation. Two senior practitioners have adopted the roles of emotional coaches.
We have welcomed two new members to the voluntary management committee.
Members of the Management team have been actively involved in Consultation groups with professionals from a wider field to enhance and improve early years.
In April 2024, Ofsted recognised Fakenham Children’s Daycare Centre as Outstanding.
## **Financial review**
## _Reserves policy_
## **Review of the financial position of the charity and reserves policy**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
At the year end, the charity had total funds of £253,561 (2023 £218,370). The present reserves held is £154,017 (2023 £114,538) unrestricted reserves and £99,544 (2023 £103,832) restricted reserves. The free reserves held is £126,720 (2023 £96,611)
## _Major risks_ **Risk Management**
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risk.
- 2 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **Plans for future periods**
We plan to employ an additional apprentice in the Autumn term, who will be mentored by a senior early years educator.
We will continue to access professional development to enhance our provision.
The kitchen will be updated to ensure we meet the requirements of Environmental Health.
We plan to source a grant to help fund insulation which in turn will help manage the cost of energy.
## **Structure, governance and management**
The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
G B Allcock
S J Cornwall
## _Recruitment and appointment of trustees_
New trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These training sessions cover -
- The obligations of Management Committee members.
- The main documents which set out the operational framework for the charity including the Memorandum and Articles.
- Resourcing and the current financial position as set out in the latest published accounts.
- Future plans and objectives.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## _Organisational structure_
The charity is organised so that the trustees meet regularly to manage its affairs. The trustees delegate the day to day responsibility to a centre manager.
The remaining staff employed at the centre provide a pre school breakfast club, care for young children during the day and after school facilities until 6.00 pm in the evening.
The trustees report was approved by the Board of Trustees.
..............................
S J Cornwall
**Trustee**
23/05/2025 23/05/2025 Date: .............................................
- 3 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
I report to the trustees on my examination of the financial statements of Fakenham Children's Daycare Centre Limited (the charity) for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, 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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
- 4 the financial statements 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 financial statements 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 financial statements to be reached.
Mrs Sharon Edwards, F.C.A. Mapus- Smith & Lemmon LLP
48 King Street Kings Lynn PE30 1HE England
Dated: ......................... 23/05/2025
- 4 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**2**
-
-
Charitable activities
**3**
410,067
-
Other trading activities
**4**
2,014
-
Other income
**5**
-
500
**Total income**
412,081
500
Charitable activities
**6**
372,602
4,788
**Net income/(expenditure) and**
**movement in funds**
39,479
(4,288)
**Reconciliation of funds:**
Fund balances at 1 September
2023
114,538
103,832
**Fund balances at 31 August**
**2024**
154,017
99,544|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
-
700
8,000
410,067
326,456
-
2,014
4,162
-
500
-
500
412,581
331,318
8,500
377,390
345,149
4,757
35,191
(13,831)
3,743
218,370
128,369
100,089
253,561
114,538
103,832|**Total**
**2023**
**£**
8,700
326,456
4,162
500
339,818
349,906
(10,088)
228,458
218,370|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **BALANCE SHEET**
## _**AS AT 31 AUGUST 2024**_
||||**2024**||**2023**||
|---|---|---|---|---|---|---|
||**Notes**|**£**||**£**|**£**|**£**|
|**Fixed assets**|||||||
|Tangible assets|**12**|||120,499||115,416|
|**Current assets**|||||||
|Debtors|**13**|23,841|||23,964||
|Cash at bank and in hand||116,036|||86,163||
|||139,877|||110,127||
|**Creditors: amounts falling due within**|**14**||||||
|**one year**||(6,815)|||(7,173)||
|**Net current assets**||||133,062||102,954|
|**Total assets less current liabilities**||||253,561||218,370|
|**The funds of the charity**|||||||
|Restricted income funds|**16**|||99,544||103,832|
|Unrestricted funds|**17**|||154,017||114,538|
|||||253,561||218,370|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
23/05/2025
The financial statements were approved by the trustees on .........................
..............................
S J Cornwall
## **Trustee**
Company registration number 02784445 (England and Wales)
- 6 -
**FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
## **Charity information**
Fakenham Children's Daycare Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Highfield Lawn, Field Lane, Fakenham, Norfolk, NR21 9QR.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
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 statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Incoming resources**
Income is recognised 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.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation 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 attributable to a single activity are apportioned between those activities on a basis consistent 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.
Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable.
Costs of generating funds are those costs incurred in trading activities that raise funds.
Charitable activities are those costs incurred by the charity in meeting its charitable objectives.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with the constitutional and statutory requirements.
## **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:
Freehold buildings 2% straight line Plant and equipment 20% reducing rate Fixtures and fittings 20% reducing rate Computers 20% reducing rate Motor vehicles 20% reducing rate Play equipment 20% reducing rate
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 8 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial 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 unless 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.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans 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, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.9 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.10 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Donations and grants**
|Donations and gifts
Grants
**Grants receivable for core activities**
Norfolk County Council|**Total**
Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
-
700
-
-
-
8,000
-
700
8,000
-
-
8,000
-
-
8,000|Total
2023
£
700
8,000|
|---|---|---|
|||8,700|
|||8,000|
|||8,000|
- 9 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **3 Income from charitable activities**
|||**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Nursery fees & funding|410,067|326,456|
|**4**|**Income from other trading activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Fundraising events|2,014|4,162|
|**5**|**Other income**|||
|||**Restricted**|**Restricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Other income|500|500|
- 10 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **6 Expenditure on charitable activities**
||**Provision of**|**Provision of**|
|---|---|---|
||**childcare**|**childcare**|
||**facilities**|**facilities**|
||**2024**|**2023**|
||**£**|**£**|
|**Direct costs**|||
|Staff costs|309,970|277,939|
|Depreciation and impairment|8,513|8,675|
|Playgroup Materials|18,556|18,701|
|NNDC|2,713|2,858|
|Utilities|4,001|6,292|
|Phone & Internet|1,943|1,640|
|Repairs & Renewals|3,716|3,689|
|Cleaning|9,295|10,894|
|Insurance|2,339|2,309|
|Training|320|561|
|Motor Expenses|1,829|1,986|
|Sundry|1,377|2,339|
||364,572|337,883|
|**Share of support and governance costs (see note 7)**|||
|Support|3,693|3,684|
|Governance|9,125|8,339|
||377,390|349,906|
|**Analysis by fund**|||
|Unrestricted funds|372,602|345,149|
|Restricted funds|4,788|4,757|
||377,390|349,906|
|**Support costs allocated to activities**|||
||**2024**|**2023**|
||**£**|**£**|
|Office Costs|3,042|3,032|
|Bank Charges|651|652|
|Governance costs|9,125|8,339|
||12,818|12,023|
|**Analysed between:**|||
|Provision of childcare facilities|12,818|12,023|
## **7 Support costs allocated to activities**
- 11 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**8**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|2,050|1,950|
||Depreciation of owned tangible fixed assets|8,513|8,510|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **10 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
19
**2024**
**£**
281,440
18,304
10,226
309,970|**2023**
**Number**
20|
|---|---|---|
|||**2023**
**£**
255,434
13,968
8,537|
|||277,939|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 12 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **12 Tangible fixed assets**
|**Cost**
At 1 September 2023
Additions
At 31 August 2024
**Depreciation and impairment**
At 1 September 2023
Depreciation charged in the year
At 31 August 2024
**Carrying amount**
At 31 August 2024
At 31 August 2023|**Freehold**
**buildings**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**£**
170,141
9,440
17,319
638
-
-
13,596
-
170,141
9,440
30,915
638
77,076
6,284
12,060
64
3,403
631
1,691
115
80,479
6,915
13,751
179
89,662
2,525
17,164
459
93,065
3,156
5,259
574|**Motor**
**vehicles**
**Play**
**equipment**
**£**
**£**
22,065
41,146
-
-
22,065
41,146
19,920
29,929
429
2,244
20,349
32,173
1,716
8,973
2,145
11,217|**Total**
**£**
260,749
13,596|
|---|---|---|---|
||||274,345|
||||145,333
8,513|
||||153,846|
||||120,499|
||||115,416|
- 13 -
## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**15**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
20,543
3,298
23,841
**2024**
**£**
4,626
475
458
1,256
6,815
**2024**
**£**
10,226|**2023**
**£**
20,745
3,219|
|---|---|---|
|||23,964|
|||**2023**
**£**
2,681
715
2,106
1,671|
|||7,173|
|||**2023**
**£**
8,537|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
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**FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **16 Restricted funds**
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.
||**At 1**|**Incoming**|**Resources**|**At**|**31 August**|
|---|---|---|---|---|---|
||**September**|**resources**|**expended**||**2024**|
||**2023**|||||
||**£**|**£**|**£**||**£**|
|Freehold building - Daycare centre Highfield||||||
|Lawn, Fakenham|93,065|-|(3,403)||89,662|
|Playgroup Equipment - Tables and chairs|594|-|(119)||475|
|Tesco Grant - Fencing|655|-|(131)||524|
|Donation towards Water Tower|66|-|(13)||53|
|Donation towards Wooden Gazebo|164|-|(33)||131|
|Apprenticeship funding|-|500|(500)||-|
|Tesco Grant - Fridge|139|-|(28)||111|
|New slide|1,280|-|(256)||1,024|
|Sustainability grant|7,869|-|(305)||7,564|
||103,832|500|(4,788)||99,544|
|**Previous year:**|**At 1**|**Incoming**|**Resources**|**At**|**31 August**|
||**September**|**resources**|**expended**||**2023**|
||**2022**|||||
||**£**|**£**|**£**||**£**|
|Freehold building - Daycare centre Highfield||||||
|Lawn, Fakenham|96,468|-|(3,403)||93,065|
|Playgroup Equipment - Tables and chairs|742|-|(148)||594|
|Tesco Grant - Fencing|819|-|(164)||655|
|Donation towards Water Tower|82|-|(16)||66|
|Donation towards Wooden Gazebo|205|-|(41)||164|
|Apprenticeship funding|-|500|(500)||-|
|Tesco Grant - Fridge|173|-|(34)||139|
|New slide|1,600|-|(320)||1,280|
|Sustainability grant|-|8,000|(131)||7,869|
||100,089|8,500|(4,757)||104,332|
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## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **16 Restricted funds**
## **(Continued)**
The Daycare Centre's main building, address Highfield Lawn, Field Lane, Fakenham, Norfolk NR21 9QR has been funded with money which means the building can only be used for the purpose of providing day care services to children under the age of 14. The building can not be sold on for any other purpose. Depreciation and property improvements will be the only movements against the restricted funds value in relation to this building.
The playgroup equipment consists of tables and chairs which were funded by a grant received from North Norfolk District Council in January 2017 to improve facilities at the playgroup.
Tesco's donated £2,000 for fencing panels to be constructed around the premises.
The parents donated £200 for a water tower to improve the facilities at the playgroup.
The wooden gazebo was purchased using a £500 donation and £250 from fundraising, the gazebo was purchased to replace the princess tower.
The apprenticeship funding was received from the College of West Anglia to be used towards the costs of employing apprentices.
Tesco's donated £269 for a new fridge.
Norfolk County Council £8,000 Sustainability Grant, to contribute towards the costs of boiler, oven and fencing only.
## **17 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1**|**Incoming**|**Resources**|**At 31 August**|
|---|---|---|---|---|
||**September**|**resources**|**expended**|**2024**|
||**2023**||||
||**£**|**£**|**£**|**£**|
|General funds|114,538|412,081|(372,602)|154,017|
|**Previous year:**|**At 1**|**Incoming**|**Resources**|**At 31 August**|
||**September**|**resources**|**expended**|**2023**|
||**2022**||||
||**£**|**£**|**£**|**£**|
|General funds|128,369|331,318|(345,149)|114,538|
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## **FAKENHAM CHILDREN'S DAYCARE CENTRE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **18 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 August 2024:**
Tangible assets
27,297
93,202
Current assets/(liabilities)
126,720
6,342
154,017
99,544
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 August 2023:**
Tangible assets
17,926
97,490
Current assets/(liabilities)
96,612
6,342
114,538
103,832|**Total**
**2024**
**£**
120,499
133,062|
|---|---|
||253,561|
||**Total**
**2023**
**£**
115,416
102,954|
||218,370|
## **19 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
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