TRENANCE CHILDCARE REPORT AND FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2024 CHARITY No 1079818 WHITAKERS CHARTERED ACCOUNTANTS NEWQUAY TRENANCE CHILDCARE Index to Flnancial Statements Page General Information Trustees, Annual Report Independent Examiners, Report on the Accounts Statement of Financial Activities for the year ended 5 April 2024 Balance Sheet as at 5 April 2024 Notes forming part of the Financial Statements for the year ended 5 April 2024 TRENANCE CHILDCARE Re istered Chari No 1079818 Trustees, Annual Re ort for the ear ended 5 A ril 2024 Charity's principal address Trenance Childcare, Newquay Family Hub, Trenance Road, Newquay. TR7 2LU Names of the charity trustees who manage the charity Trustee Name Mrs Sarah Walker Mrs Kylie Colegate Mrs Jennifer Merrikin Miss Charlotte Mary Jane Miss Samantha Wilkes Mrs Claire Connelly Miss Gemma Dawes Mrs Danielle Tucker Chairperson Secretary, Resigned 19104124 Appointed 18101124 Resigned 31101124 Appointed 18112122, Resigned 31110124 Appointed 18112122, Resigned 14107124 Appointed 18112122, Resigned 31110124 Objoctivog The Charity's principal objective is "Building a Foundation for Future Learning" This statement encompasses our ethos of enhancing the development and education of all the children in our Day Nursery. We support and encourage parents to be involved in their child's learning and signpost them to other agencies and groups in the community where relevant. Financial rÈport The tumover has increased during the year and costs overall have also increased versus last year. Surplus funds have increased this year, as can be seen by looking at the statement of financi31 activities for the year on page 4 of the accounts. By order of the board Mrs Sarah Walker Date . TRENANCE CHILDCARE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 Re istered Chari No 1079818 INDEPENDENT EXAMINERS. REPORT ON THE ACCOUNTS TO THE TRUSTEES OF TRENANCE CHILDCARE I report on the financial statements of the Charity for the year ended 5 April 2024, which are set out on pages 4 to 8. Responsibilities and basis of report As the Charity's Trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 1"the Act"). I report in respect of my examination of the Charity's accounts carried out under seclion 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(bl of the Act. Independent examiner's statement The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of ICAEW. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect. the accounting records were not kept in accordan￿ with section 130 of the Act,. or the accounts did not accord with the accounting records: or the accounts did not comply with the applicable requirements concerning the fomi and conlenl of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true 2nd fairf view which is not a matter considefed as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. L P SOLE FCA Whitakers (South West Limited) Chartered Accountants Bryndon House 517 Berry Road Newquay Cornwall TR7 1AD Dated.. L l 1 | 2% TRENANCE CHILDCARE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 YIE 5.4.24 YIE 5.4.23 Restricted Fund Restricted Fund Note Incomin Resources Income and endowments from.. Grants and Fees 334.520 338,675 Charitable Activities Fundraising Events 107 Investment Income 4.737 Total Incomin Resources 339,257 338,782 Resources Ex ended Charitable Activities 332,970 314,647 Total Resources Ex ended 332,970 314,647 Net Incoming (Expenditure) Resources Net Income (Expenditure) for the year 6.287 24,135 Net Movement in Funds Total Funds at 6 A ril 2023 185,917 161,782 Total Funds at S A ril 2024 192,204 185,917 TRENANCE CHILDCARE BALANCE SHEET AS AT 5 APRIL 2024 YIE 5.4.24 YIE 5.4.23 Note Fixed Assets Tangible Assets 6,073 7,152 Current Assets Cash at Bank and in hand Debtors Creditors.. Amounts falling due wthin one year 181,326 12.184 7,378 166,932 22,736 10,903 Net Current Assets 186,131 178,765 Total Net Assets 192,204 185,917 Total Funds 192,204 185,917 Signed on behalf of all the Trustees.. Mrs Sarah Walker Date ofapproval: GI£KÉ25 TRENANCE CHILDCARE Notes fom)in art of the Financial Statements for the ear ended 5 A ril 2024 Accountin olicies Basis of Accountin These accounts have been prepared on the basis of historic cost convention with items recognised at cost or tmasaction value unless othelwise stated in the relevant notes to these accounts. with the Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014. Grants Receivable and Fees Grants Receivable and Fees are only included in the Statement of financial Activities {vOFA) when the charity has unconditional entitlement to the resources. Deferred income represents amounts received in fulure periods. Investment Income Income is included in the SOFA in the year in which it is receivable. enditure All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expellditure. The organisation is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. De reciation Depreciation is charged to write off the cost of each asset over its estimated useful life: Fixtures and Fittings- 150/0 reducing balance Computer Equipment- over three years straight line basis Income and endowments YIE 5.4.24 YIE 5.4.23 Grant from Comwall County Council Fees from Parents JRS Grants Designated Grants 153,242 181,277 171,772 161,470 (note 8) 5,433 334,520 338,675 Investment Income Interest on Cash Deposits 4,737 TRENANCE CHILDCARE YIE 5.4.24 YIE 5.4.23 Charitable Activities Teaching and Care Staff Running Costs.. Rent Running costs Telephone & Intemet Sundries staff training Uniforms Depreciation Cleaning & Consumables Advertising Milk, Water & Food Accountancy Professional Fees 290,647 7,342 19,571 3,578 3,179 997 373 1,079 1.987 280,294 7,022 15,159 2,373 1,116 1.571 3,831 2,157 900 1,161 1,248 852 1,181 332,970 314,647 Tan ible Fixed Assets Fixtures & Computer Grant Funded Fittings Equipment Ab-5eib- Tolal Cost As at 6 April 2023 Additions Disp05als 38.658 16.314 5.097 60,069 38,658 16,314 5,097 60,069 Depreciation As at 6 April 2023 Charge for the year Eliminated on disposal 31.920 1,011 16,307 4,690 61 52,917 1,079 32.931 16,314 4,751 53,996 Net Book Value at 5 April 2024 5,727 346 6,073 Net Book Value at 5 April 2023 6.738 407 7,152 TRENANCE CHILDCARE Creditors= Amount5 fallin due within one ear YIE 5.4.24 YIE 5.4.23 Other Creditors 7,378 10,903 7,378 10.903 Funds YIE 5.4.24 YIE 5.4.23 Restricted Funds (undesignated) JRS Grants Restricted Funds (designated) 186,771 180.484 5,433 5,433 192,204 185,917 All the funds of the organisation are deemed restricted to the running of the unit and are reflected in the Balance Sheet Assets at the year end.