Company regi51rati¢Jn number04451272 IEnBland and Wale51 tharity registfttion number 1096356 IEnEland and Wale51 BOOMERANG KIDS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS LEGAL AND ADMINisfRATIVE INFORMATION Dlrectoys. and trustees Mrs H Hicks Ms P Rafiiadeh-Farahani Mr R J Rogers Ms C S Samaroo Ms M L Rogers 5e¢retary Ms M L Ro8er5 Ch*rlty number 1096356 Company number 04451272 Reglstered offlce Itdean Barn c01 Park Arundel Drwe West Brighton East Sussex England BN2 85J Audllor Oliver Read FCCA ACA Jarnes Todd and Co Drayton House Drayton Lane West Sussex England P020 2EW Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS CONTENTS Page TrustÈes' report Independent auditor'5 port statement of financial acttvittes Balance sheet io Stèternent of cash flows li Notes to the flnancial 5tatemehts 12-21 Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn FOR THE YEAR ENDED 31 AUGUST2025 The trustees present their annual rewrt and financial staiements for the yearended 31 August 2025. The flnancial statements have been prepared in accordance with the accounong policies set out in note I to the flnantial statements and compw with the tharity's governing document, the Companies Att 2(X)6 and "Accounting and RÈporknng by CharleS." Statement of Recommended Prathce applicable to charities preparing their accounts In accordance with the Financial Reporring Stsndard applicable In the UK ènd Republic ol Ireland IFRS 1021. leffecrive l January 20191. Objectives and artivitie5 The charity's objects 1.the Objects") are to advance the educatson of children up to the 38e of 11 in and around the parish of Saltdean, East Sussey, in paCUlar by.. al the provision ol pre-school, after-school and otherchild(are lacilitie5' and bl the provision of relevant trainin6 couryes for parents, volunteer5 and 5tafi. The group is registered with Ofsted to provide care for up to 81 ehildren per sessioN. includin8 UP to 15 places for childn untler two years of ase. The charity ConnueS to priorifjse high-qvalty eartv vears provision. Staff are a¢tlvely encovra8ed to undertake ongoing professionèl development, and the charity is currently SUPPOnln8 two senior members of staff In completlng university degrees ¢hlldcare and educafjon. Publ1£ bent The trustees have paid due regard to the guidance issued by the char CoMmissn In determining the activlties undertaken by the charity. Including in relarion to fee charyn& and are satssh.ed that ihe charityoperate5 for the public benefi.t. A¢hlevements •nd perform•n¢e Demand lor places in the baby roorn has remained high and conynues to increase, alon8slde Governrnent chan8e5 to the eli8ibility criteria for 30 hours funded childcare. Thi5 demand 15 expected to continue. with o further cohort of children tsecornin8 eli8ible from September 2025. Staff wellbeing remain5 0 key priority. Several 5tsff MberS have feque5ted flexible working arrangements, and adjustments are being considered where operationally feasible. Howevef, such aTrangernents do not always olign with the needs of the setbng, and a higher propothon of part-time staff results in increased staffin8 Costs. Additional financial pressures include increased expenditu on trainin& uniforms and HR requIrnents. Initiatives to support staff wellbein& includin8 social events, improvements to stèff facilieS and dedicated wellbeing inset days, afe also planned. Working within earty years provision remains demanding and relavelY low paid. Govemment fundin8 for the "free" entitlement conttnues to fall short of ihe true cost of delivery. By September 2025. the majority of children attending the sethng are expetted to be funded rather than privately fee-paying. The announcement In the Budger of further increases to the National Minlmum Wage, Nattonal Insurance contributions and changes ro Staiutory Sick Pay has added to financlal pressure5 and sector-wide concern. The setbn8 is not alway5 able to operate at full capacty. as vacant sessions on less popular da can be diflicult to fill. In additron, the hieh number of children with spectal educational needs 1131 and those with En8lish as an additional language 1251 require5 siEnih"cant staff time and tailored support. The charity ha5 explored innovative approa£hes to staff retention_ Due to high local housing costs, the trustees have considered purchasing a property to provide affordable accornmodatiorb for stsff. A svitsble property has been identilied and neEotiations are currently ongoing, with completion anticipated in 2026. Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Flnanclal revlew The charitys financial positton for the year ended 31 August 2025 remair*d stron& with total income of £1.138,835 12024.. £853.8171 and total expenditure of £947.42512024." £867.3191. tesuln8 in a surplus of £191.41012024.. deficit of £13.5021. This yeèr generated a healthy surplus. lèrgely as a result ol tsking professional business advice and implementing a revised fee structure. These changes were Introduced in anticIOn of future reductions in income associated with the exp8nslon of lower-rète government funding, compared to the higher level ol private fee IrKome achieved in the current year. Reserves at the year end stood at £1,150.35012024.. É958,9401. The trustees contsnue to monitor reserves closely to ensure the long-term sustainability of the sethng. Looking ahead, the trustees reco8nise that the financial p05ibon may change in the next financial year, a5 a higher proportion ol children will be funded at lower 8overnrnent rates. The trustees are therefore tskin8 on8oin8 professional advice to assess whether current levels of Surplus a sU5taiThable and to support future financial plannin8. The charity continue5 to carefully mana8e it5 C05t base while maintsininB h¥h 5tsndard5 of ure and education, ensurin8 that resources are direrted effecbvely in furtherance of its choritsble objective5. Reser¥es pollcy The trustees recognise the importance of m3iniaining adequaie serveS to ensure the ongoing fina181 stablllty of the charlty and to enable it to confjnue Operan& in rhe event of unforeseen circumstances. The chèritWs reserves are held to.. manage fluctuations In occupancy levels and Income- • meet contractual commitments. Sncludin8 Staffing costs and operaWonal expeThdlture.' • respond to unexpected costs or emergencies.. and • support future development and sustainabily ol ihe 5eth"Tr8. The trustee5 alm to maintsin free re5erve5 at a level sufficient to co¥er approxlmately three month5 of operattn8 Costs 1£230,0001. Th15 level 15 reviewed regularly, takin8 Into account the financial risk5 faced by the tharity, includin8 rellance on 8overnment lundin8, changes in occupancy levels and increasin8 C05t pressures within the early years sector. At the year end, Ie re5erve5 stood at £558,14512024.. £3%.9801. The trustees consider this levd of re5erve5 to be in Ilne with the re5erve5 policy and will continue to monitor this position c105ely in li8ht of anticipated chan8e5 to fundin8 levels and operaJn8 tt)$ts. This reserves policy is linked to the ¢haritrf5 risk rn¥nagefflent Iramework and is intended to mitigate key financial risks, in¢ludins fluttuations in income. Irease5 Iri staffing w5ts and widei e¢tsrwrnic pressure5 4fftin8the early year5 5e¢tor. Malor rlsk5 The trustees review the risks faced by the Charity on an annual basis. The principal risks H4enfjfied ConnUe to be finan£lal In nature, including pressures arising from government funding levels. staffin8 costs and occupancy fluttuafjons. The trustees also reco8nSse the 0raOal risk associated wilh key personnel. Helen Hicks. as fcwTrder of Boomerang Klds, plays a significant role In the leadership and day-to-day running of the sethng. The potenal loss of this experhse. through retirement or departure. has been identslied as a key risk. To mitieate this, the trustees have estsblished a strorlg senior leadership team to 5UPPOrt the ongoin8 manaeement of the nursery and ensure continuity of provision_ In addition. flexible working arrangements, including ability to work from home where appropriate, have been implemented to 5LlPPOrt 5UStainability and knowledge 5harin8 acr055 the team. The trustees will continue to review risks regularty and ensure thar approprAte mittgation strategies are in place. Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 structure. go¥ernance and management The thèrity is constttuted as a tharitablÈ tompany limited by guarantee and is governÈd by its Articles of Association. Th trustees, who are èlso dirertors of the charity for purwjses of company law. are responsib for the overall management and strètegic direction of the charity. The trustees meet regularly to review performance. financlal position and OFerational matters. Day-today management of the sethng is delegated to the nursery leadershlp team. The trustees, who a also the direttors forthe purpose of company law, and who served during theyear and up to the date of signature of the financial statements were.. Mr5 H Hick5 Ms P Rafi"zadeh-Farahani Mr R l Rogers M5 C S Samaroo Ms M L Rogers Avltment and appolntment of trustee5 The Memorandum and Arfjcles of Associètson provides for a mlnimum of three trustees. Were there a requirement for new trustees. these would be Identified and apwnied by the remaSnln8trnstees. Tralnln8 for new and existtng trustees Is undertak*n as required. The chalr of trustees is responsible for the induthon of any new trustee, which iThv05 awareness of a trustee'5 responslbillty and phllosophical approach to the charity. A Thew trustee would recei copies of the previous year's annual report and accounts, and a copy ol the Charity Cornmi55ion leanet Ihe Essential Trustee.. What You Need to Know., The day-tc-day running of the 6roup 15 dele8ated to the mana8er, Mrs H Hicks. None of the trustees has any beneficial interest in the tompafiy. All of the trustees are rnembets of the company and guarantee to contribute £10 in the event of a winding up. Statement of tru5tees' responslbllltles The trustees, who are also the directors of Boomeran8 Kids for the wrpose of company law, are respgnsible for preparing the Trustees, Report and the financièl ststements in aCcordae with applicab law and United Kingdom COunng Standards Iunited Kingdom Generally Accepted Accountsng Practt£el. Cornpany law require5 the trustees to prepare hnancl statement5 for each hnancial year which gwe a true and fair view of the State of affairs of the charity and of the Incoming resources and application of resource5, inckJdin8 the incorne and expenditure, of the charitable cornpany forthat year. In preparing these financial 5tstetnents, the tru5tee5 aTe required to: seleit suitable accounting policies and thefi applythem consistentty- obsenfe the methods and PTintiples in the Charities SORP- make judgements and estimates that are reasonable and prudent., stète whether applicable accounting standards have been followed. subjett to any material departures disclosed and explèlned In the fi-nancial statements.. stète whether applicable UK Accounting Standards have been followed. subjett ro any material departures dlsclosed and explained in the financial statements.. and prepare the h"nancial statements on the eoingconcern basis unless it is inappropriate ro presume that the charity wlll continue in operation. Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 The rrustees are responsible for keeping adequaie accounting records that disclose with reasonable accuracy at any fjme the financial position of the charity and enable them to ensure that the financial statements comply with the Companles Art 2006. They are also responsible for safeguarding the assets of the tharity and her for taking reasonable steps for the prevention and detecnon of fraud and other irregularities. Auditor In 8ccordance with the company's articles. 3 resolution prOF$Ing that James Todd and Co Limited te reappointed as auditor of the company will be put at a General Meeting. The trustees, report was approved by the eoard of Trustees. Mr5 H Hicks Trustee Date.. 2610512026 Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BOOMERANG KIDS Oplnlon We hève audited the linancial statements of Boornerang Kid5 Ithe'charity'l forthe year ended 31 August 2025 which comprise the 5tBtement of financial artivitie5, the balance sheet, the ststernent ol cash flows and note5 to the linancial 5tstementS, including significant accounting policie5. The linancial feporting frarnework that h35 been applied n their preparation is applicable law and United Kingdorn Accounting Stsndards. including Firbancial Retx)rting Standard 102 The FinufitiGI ReportTn Stondtsid trpplicoble in the UKond Republitollreltsrtd (United KinKdom GenÈrally AtcÈpted Attounting Prètkntel. In our oplnion, the linancial statements-. give a true and fair view of the 5ts1e of the charitable company's affai 05 at 31 August 2025 and of its incomin8 resources 4n(J application of resources, forlhe year then ended,. have been properly prepared in accordance with United Kingdom Generalfy Accepted Accounting Practice., and havÈ bÈen prepared in accordance with the requirements of the Companies Act 2006. Bas15 for oplnlon We conducted our audit in ècttsrdonce with Internaytsnal Stsndards on Audthn8 IUKI II&As IUKII and oppllcable law. Our responsibilities under those Stsndard5 are further deKribed in the Audttors respon5ibtlities fvr the oudit Of the fi'nunciol sttsternents seetion of our report. We ty independent ol the th¥rity ifi accordance with the ethiol requirernents that are relevant to our avdlt of the Anantial statements in the VK. ificlvding the FRC'S Ethical Standard, and we have fulfllled our other ethlcal responsibilioes in a£cordan¢e with these requ1meNts. We believe ihat the audit evloence we have obtained is suffi¢len¢ and appropriaie to provide a basis for our opinion. Conclu51ons reladn8 to 8olng concern In auditin8 the h"nancial Statements, we hJve ttncluded that the trustees, use of the 8Oifi8 ton£em b•sls ol a¢ttsuntin8 In the prep¥raYort of the Anari¢lal statemehts is appropriate. Based on the work we have performed, we have identyfled any material uficertainfjes relafjng to events or Condityons that, individually or colletfjvely, may $t significant doubl on the charity's ability to confjnue as a wing concern for 8 period of at least twelve months from when the flnèncial statements a authorised for issue. Our responslblllttes and the sPonSibl11es of the trustees with respeu to going concern are described in the relevant secttons of this report. Other Informatlon The other information Comprises the information includwj in the annual port other than the finawial statements and our auditor's report theOn. The trustees are responsible for the other information tontained within annual port. Our opinion on the financial statements does Mt cover the other Informaon and WÈ do not express any form of assuranc conclusion thereon. Our responsibility is to read the other Informaon and. in doing so. Consider whether the other Informalon is materialty inconsistent with the fi.nancial statemenrs or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identtfy such maierial inconsistencies or apparent material misstètements, we are required to determine whether this gNes rise to a material missiatement in the financial staements themselves. If, based on the work we have performed, we conclude t1 there Is a maierial misststement of thls other Information, we are requSred to report that fact. We have nothing to report in this regard. Matter5 on which we are required to report by exeption We have nothing to report in respect of the followin8 matters in relatr.on to which the Charities (Accounts and Reportsl Reeulations 2W8 requires u5 to report to vou if, in our opinion.. the informaThon given in the financial siatements is inconsisteni in any material respect with the trustees, report," or suth"cient accounting records hav not been kept- or the financial statements are not In agreernent with the accounting recofds- or we h8ve not received all the information and explanations we require for our audrt. Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BOOMERANG KIDS
Responslbllldes of twstees
As explained more fully in the staternent of iru5tees' responsibilities. the trustee5, who are a150 the directors of the charity for
the purp05e of company law. are responsible foT the preparation of the financial statements and for being satisfied that they
give a true and fair view, and for Such inteTnal control as the trustees deteTmine is nece55ary to enable the preparation of
linancial Statements that are free from rnaterial rnisstaternent. whether due to ftaud or efror. In preparing the financial
staternènts. thè trusteÈs are rÈsponsiblÈ for assessinR the charity's ability to continuè as a going t()ntÈrn, distlosing, as
applicable, matters relèted to Koin& toncern and using thÈ going concern basis of actountinB unless thÈ trustÈes either Intend
to liquidate the charitable ct>mpanyor tocease operattoffts. or have no rÈalistft alternaVe but to do so.
Auditorfs re5ponsibilitie5 for the audit of the financial ststements
We have been appointed a5 auditor urider sertion 144 of the Charities Act 2011 arrtl port in accoréanee with the Act and
relevant regulation5 mède or having effect ¢heTeunder.
Our oblethves are to obtaln reasonable assurnnce about whether the ftnanc6al statements as a whole are free from mater181
misstatement, whether due to fraud or error. and to issue an auditor's rewrt that in£ludes our opinion. Reasonable assurance
Is a high level of èssurènce but Is not a guarantee that an audit condurted in accordance wlth 15As IUKI will always detect a
material mlsststement when it exists. Misstatements can arise from fraud or error and are considered material if, indivldually
or In the aggreg8te, they could reasonabty be experted io InfluerKe the economlc declslons of users taken on the b3sls of
these financial statements.
The extent to which our procedures are capable ol detecting irregularthes. including fraud, is detailed below.
Based on our under5tandinB of the tharity and its •tb¥thes, and throu8h distussion with the tru5tee5 and other rnana8ement
la5 required by audiYn8 5tsndardsl, we identtfied that the printipal risks of norFtomplian¢e with laws and reBuI•On$ related
to the Charitte5 Act 2011, Dats Protethon Act, GDPR. and tsther relev¥nt le8isl¥tion.
We considered the extent to which nofi4omplion¢e might have a material effect on the linan£ial statements. We also
Considered those laws and regulattons that have a dIrt impact on the preparation of the h'nèn¢ial statements, being FR5 102
and charle% SORP IFRS 1021 leffÈcttve January 20191. WÈ communicated idenfied laws and &100n$ throughout our team
and remained alert to any 1nditsOnS of non-compliance throughout the audit.
We evaluated management's IncenVe$ and opportunTttes for fraudulent manipulatton of the financial statements (including
the risk of override of controls). and determined that the principal risks were related to posttng inappropriate journal entries
to increase income or reduce expenditure. related party transathons, management bias in accOunn& estimates and
ludgemental areas of the fi.nancial stsrement
Audlt procedures performed by the eny8ement team iThcluded=
Discussions with management and a55es5ment of known or suspected instarKes of non
BOOMERANG KIDS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BOOMERANG KIDS There are inherent Ilmftattons In the audit procedures described alx)ve and the further removed non<ompllance wlth laws and regulattons is from the events and transactions refletted in the financial statements, the less likely we would become aware of it. Also, the risk of nor detecting 3 material misstatement due to fraud is higher than the risk of not detethng one resulting from error, as fraud may involve deliberate concealment by. for example. forgery or Intentional misrepresentètions, or through collusion. As part of an audit In accordance with ISAS IUKI. we exercise professio1 Judgment and maintain wofessional scepticism throu6hout the audit. We also.. Identify and assess the risks of material misststernent of the financial ststements, whether due to fraud or error, design and perform audit procedures respon51ve to those risk5. and obtsin audit evidence that 15 sufficient and appropriate to provide a basi5 for our opinion. The risk of not detecbn8 a material mi55tstement resulting from fraud 15 hi8her than for one re5ultin8 frorn error. as fraud may irwolve collusion, for¥eryi intentional omi55ion5, rn15pTeSenttron5, or the ¢)verride of internal control. Obtain an understsnding of internal wntToI relevant to the audit in order to desl8n audit procedures that are appropriate in the circumstances, but not for the purwse of expressing an opinion of the eeveneSs of the Evaluate the èpproprièteness of accoun£ poli¢les used and the aSonab1eness of accounfjng estlmates and related dlsclosures made by the Trustees. Conclude on the appropriateness of the Trustees. use of the going ¢oncern basls of a¢¢wnng and, bèsed on the udit evidence obtained, whether a material uncertainty exists related to events gr condittons that may cast signiflcant doubt on the Charity's ability to continue as a going Concern. If we conclude that a materlèl uncertainty exists, we are required to draw attention in our Auditor's Report to the related dlsclosures in the flnanclal statements or, If such disclosures are inadequate. to modify our opinion. Our conclusions are based on the aud* evidence obtained up to the date of our Auditor's Report. However. future events or conditson5 may cause the company to cease to contsnue as 3 going concern. Evaluate the overall presentatron, strutture and content of the financial statements, includin8 disclosures, and whether the b"nancial statements represent the underl¥in8 transactions and events in a manner that xhieves fair preSentaon. We cornmunicate with those char8ed with 8overnance re6ordin& afflon8 Other matter5, the planned Scope and tirnin8 of the audit and 518niAcant audit findin6s, includin8any si8niflcant deficienties in Irbterl tontrol that we identtfy durin8 our èudit. A fvrther description of our reswnsibilities is available on the Financial Rewrting Council's website at.. https..// www.frc.orÉ.UklauditorsSpQnSiblliÉS. This dexriptlon forms part of autlitor's m)rt. Other matters Your attenbon 15 drawn to the fact that the charity has PTepared financi815tstements in accOrdae with "Accounting and Reporting by Charitie5'. Ststernent of Recomrnended Practice applicable to charitie5 preparing their accounts in accordance with the Finaricial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021" las amendedl in preference to the Accounting 4nd Reporting by Charities.. Statement of Recornfflended Prathce i55ued on l April 2W5 which is ferred to in the extant re8ulati¢ns but has rth4 been withdrawn. This has been done in order foT the linantial statements to provide a true and fair view in attorthnte with turrent GÈnÈrally Accepted Atcounting Pracbce. Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BOOMERANG KIDS Use ofour report Thi5 report is made solely to the charity's trustee5. a5 a b(xly. in accordance with Part 4 of the Charitie5 (Accounts and Reportsl Regulations 2008. Our audit work has been undertaken 50 that we might 5tste to the charity's trustee5 those matters we are required to State to them in an autJitor'5 report and for no other PUTP05e. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the tharity arbd the thèr1$ tfuttees as a b(%ty. for our audit work, for this report. or for the opinions WÈ have formed. Oliver Read FCC4 ACA (Senior StatutoryAuditorl For and on behalf ofjames Todd and Co Llmited. Siatutory Audrtor Chartered Accountant5 Drèyton House Drèyton L¥ne Chichester West Sussex P020 2EW England Date.. 2610512026 James Todd and Co Limited is ellglble for appointment as audiior of the tharity by virtue of Its eligibllity for appolntment as auditor of a company untler seC0n 1212 of the Companies Act 2fK)6. Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS sfATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2025 Unrestricted lurtd$ 2025 Restricted fvnds 2025 Total Unrestficted funds 2024 Restrlrted funds 2024 Total 2025 2024 Notes In<ome from.. Donarons and legacies CharitablÈ aclvittÈs Investments 7,345 846,235 237 7,345 846,235 237 1.136.335 1.136.335 Total In¢ome 1.138.835 1,138.835 853,817 853,817 Expendlture on.. Charitable activities Other expenditure 927,014 20,332 947.346 846,987 20,332 867,319 io Total expendlture 927.093 20,332 947.425 846,987 20.332 867,319 Net Incomellexpendlturel 211.742 120,3321 191.410 6,830 120,3321 113,5021 Tran5fer5 between fund5 110,5771 10,577 19,5341 9,534 Nei movement In funds 201.165 19.7551 191,410 12,7041 110,7981 113,5021 Re¢on¢lll*lon of lunds.. Fund balances at I Septernber 2024 356,980 601.960 958,940 359.684 612,758 972,442 Fund bal¥n¢es * 31 Au8USt 2025 558.145 592.205 1.150.350 356,980 501,960 958,940 The statement of fi'nancial activitie5 include5 all 8ains and 10$5es recognised in the year. All ircorne and e¥penditure derive from continuin8 activities. Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS BALANCE SHE ASAT31 AUGUST2025 2025 2024 Notes Fixed assets Tangible assets 643.763 663,364 Current assets Debtors Cash at bank and In hand 13 8,IX13 587.955 6,901 393.200 595.958 152.4261 400,101 155.7161 Credltor5: amounts falllng due wlthln one year 15 Net currert assets $43,532 344,385 Total a55ets le55 Current Ilabilhles 1.187,295 I,W7,749 Credltors: amounts f•lliA8 due •fter mort th• one year 16 136,9451 148,8091 Nei •ssrf$ 1,150.350 958,940 The lund$ tslthe ¢harltv Restricted Income funds Unrestricted funds 17 592,205 558,145 601,960 356,980 I.ISO.3SO 9S8,940 The company Is entttled to the exemptton Irom the audit requirement Contained In sectton 477 of the Companies Act 21Th. for the year ended 31 August 2025. The dlrectors acknowled8e their responsibility.es for comptying with the requirements of the Companies Act 2006 with respect to accounting record5 and the pparation ol financial 5tatemer*ts. The members have not required the cornpany to obtain an ¥udit of its financial Statements under the requirements of the Companies Act 2CQ6, for the year in question in accordance with section 476. These financlal ststements been prepared in accordance wirh the provisionsapplicable to companles subject to the small companies regime. 2610512026 The financial 5tstement5 were approved by the trustees on......................... Mrs H Hicks Trustee 10- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS sfATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2025 2025 2024 Notes Cash flows from operatlng actIvIe$ Cash generated fromllabsorbed by) opon$ 23 207.689 17.2131 Investln8 actbvltles Purchase of tsrigible fixed assets Investment income received 12.0271 11,7901 237 Net cash used In Imie511ng a(Y¥itI 12,0271 11,5531 Fln•n¢lnR •¢tsvldes Repayment of bank loans 110.9)71 19.5341 N•t cash uséd In financlng acdvltles 110,9071 19,5341 N•1 In¢r••Mllde¢re•MI In u$h and ush •qulv•l•nts 194.755 118,3001 Cash and cash equfvalent$ at be8inrtlng of year 393.2CA) 411,500 Cash and cash egulvalents at end of year $87.955 393.200 11 Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollcles Charity inforniation Boornerang Kid5 15 a private company limited by guaiantee ir0¢pOrated in England and Wales. The regISted ofh.te 1$ 4 Frederick Terrate. Frederitk Plète. Brighton. East Sussex. BNI IAX. 1.1 Accountlng Conven0 The Inantial statements have been prepared in at£ordantÈ with the Compart% Act 21X)6. FRS 102 "The Financlal Reporting 5tèndard applicable in the UK and Republic ol Ireland- I"FRS 102.1 and the Charities SORP"Accounfjng and Reporting by Chèrires-. Statement of Recommended Practice appIable to charittes preparing thelr accounts In accordance with the Financial Reporring Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffethve I January 20191. The charity Is è Public Benefit Entiiy as defined by FRS 102. The Ilnanclal staiements a prepared in sterlin& which is the funthoMI cUrn(V ol the charity. Monetary amounts In these financièl statemenis are rounded to the neèrest f. The linancial staternents have beeTh prepared under the historical cost convention. The principal accountin8 pollcle5 adopted are set out below. 1.2 6oln6 concern At the tyme of approving the financial siatements, the irustee$ have a reasonab expeciatyon th81 the Charity has adequète resources to confjnue in operatlonal existence for the foreseeable fyture. Thus the trustees conttnue to adopt the going toncern basis of accoUnn8 in preparin8 the financial ststements. 1.3 Charltable lund5 Unrestricted funds are available for use ai the diSc0n of the trustees in furtherance of thelr charitable objethves. RestrSrted funds are subject to speclfic condlttons by donors or BraThtors as to how ihey May be used. The purposes and Uses of the restrlcted funds are set out in the notes to the financial staiemenrs. 1.4 Income Income Is recognised when the charity is legally entled to rt after any perlormance (ondittons he been met. the amounts can be measured reliabty. and it is probable that income will be receNed. Cash donattons are recognised on receipt. Other doTrarions are recognlsed once the charity has been nottfied of the donarion, unless performance conditions require deferral of the amount. Income tsx recoverable In relaOn to donations received under Gift Aid or deeds ol co¥enaThr is reco8nised at the time of the donation. Legacie5 are recognised on receipt or othenvise if the charity has been notified of an impending distribution, the amount 15 known. arid receipt 15 expected. If the amount 15 not known. the legacy 15 treated a5 a contingent 355et. 1.5 Expenditu Expenditure Is recognised once there is a legal or construcbve obligation to transfer economic benefit to a third party, i( is probable that a transfer of economic benefits will be required in settlement, and the amount of the obliyption can be measured reliably. Expenditure 15 classified by activity. The cost5 of each activity are made up of the totsl of dirfft costs and shared costs, including Support Costs involved in undertaking each artivity- Dirert Costs attributsble to a Single activity are allocated directly to that activity. Shared c05t5 which contribute to rnore than one activity and 5UPPQrt CQSt5 which are not attributable to a single achvity are aptxjrhoned between those achvTknes on a basis con515tent wfth the use of resources. Central staff costs are allocated on the basi5 of time spent, and depreciation charge5 are allocated on the PDrtion of the asset's Use. 12- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 AccountiThK policies Icontinuedl 1.6 Tan8lble flxed assets Tangible lixed a55ets are initialty rnea5ured at C05t and 5ubsequentty rneo5UTed at C05t or valuation, net of depreciation and any impairment1055es. Depreciation is recognised so as to write off the cost or valuatr.on of assets less their residual values over their useful lives on the following bases= Leaseholtl land and buildin8S Fixtures and htbn85 50 years strnighi line 3 year5 Strai8ht line The 8aln or loss arlsin8 on the diskxjsal of an asset is ddermined as difference between the sale proceeds and the carryin8 value of the asset. and is reco8nised in the staiemert of financial artlviles. 1.7 Impalrment of fixed asset5 At each reporting end date, the Char 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 ol the impairmeTht loss lif anyl. 1.8 C•sh and ¢•sh equkT•lents Cash and cash equivalents include cash in hand. dep051t5 held ot call with bank5, Other 5hort-terrn liquid inve5trnents with original maturiOes ol three months or le55, and bank Lwerdrofts. Bonk overdraft5 a shown within borrowin85 in 1.9 Flnanclal Instruments The charity hès elected to apply the provisions of Sethon 11 'Basic Financial Instwments. and Se¢Yon 12 '0ther Flnancièl Instruments Issues. of FRS 102 10 all of lis financial in¥ruments. Flnancial Instruments are recognised in the charity's balance sheet when ihe charrty becomes party to the contractual provisions of the instrument. Flnanclal assets and liabillttes are offset. wlth the net amounts presented In the financlal 5taternents. when there Is a legally enforceable ri8ht ro set off the recognised amounts and there is an intennon io settle on a net bas15 or to realise the asset and settle the1Sabllity sirnultaneou51y. Baskllnonchlossets Basic financlèl assets, which include debtors and cash and bank balances. are initially measured at transactton prlce Includlng transactton costs and are subsequently carried at amorrised cost Using the effectrve intetEsr method unless the arrangement consntutes a financing transaction. where rhe transaction is measured ar rhe presert value of the future receipts discounted ar 3 markei rate of intere. Financial asseis classified as receivable within one year are not amothsed. 13- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 AccountiThK policies Icontinuedl Boskllnonclollsubllllles Basic financial Iièbilities, including creditors and bank loans are inimally recognlsed at transartfon price unless the arrangement constitutes a financing transacDon. where the debt instrument is measured ar the presert Value of the future payments discounted èt a market rate of interest. f inanoal ljabilities classified as payable within one year are not amomsed. Debt instruments are subseouentty carried at amortised cost. using the effective Interest rate method. Trade creditor5 a obli8ations to pay for 8oc¥5 or 5ervKes that have been acquired in the ordinary course of operations Irorn suppliers. Amount5 payable are classified as current liabilitie5 if payment 15 due within one year or le55. If not, they are presented a5 non-current liabilities. Trade creditor5 are reco8ni5ed initialty at transaction price and subsequently mea5ure(J at arnorti5ed c05t Using the effertlve interest methotl. Derecoqnillon oJAlnoncit711iubilitles Financial Iiabilines are dereco8nised when the charitys contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflls The c05t ol èny unused holid•yeNtltlement is recognised irt the period in which the empl¢)yee's seNlces are recelved, Terminafjon benefits are wognised immediately as •n expense whefi the charlty Is demonstrably committed to terminate the employment of an empthe or to provide terminatlon beneftt$. lttcal accounttn8 e5ttmate5 andlud8ements ln the applicayon of the charity'5 accounyng policies. the trustee5 are required to rnake judsements, eSrnateS and a55urnptions about the carryin8 amount of assets and liabilities that are not readity opparent from other 50urce5. The esttmates and associated assurnpttorb5 are based on hi5tovitsl experience and other loctors that are consldered to be relevant. Actual re5uIt5 may differ from these e5tifflate5. The estymates and underlying ¥ssumpYons a reviewed ofi ah ongoiNg basis. Revisions to atcounyng estimètes are recogni5ed in the period in which the estimate is revised where the revision affect5 only that perioxl, or in the period of the revision ènd future periods where the Thision èffects both Current aNJ futu pefiods. Income from donatlons and legacles Unrestrlcted funds 2025 Unrestrlrted funds 2024 Don4tion5 and gifts Government grants 295 7,050 2.500 2,500 7,345 14- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Income from charftable actS¥ltles Unrestrfcted fund5 2025 Unrestrlrted fund5 2024 Nursery Income Nursery fee5 Government grants 931.201 205,134 574,025 272,210 1,136,335 846,235 Income from In¥•stments Vnrestrl¢ted fund5 2025 Unresirl¢ted fund5 2024 Interest recelvable 237 Expendlture on charltable actl¥ltles Nursery runnlThg cost5 2025 Nursery unnln8 cost5 2024 Dlred costs Staff costs Depreciatton and Impairment Nursery running expenses 731,579 21.549 184.149 692,023 21,762 144,405 937.277 858,190 Share ol support and governance costs (see note 71 Governance 10.069 9,129 947.346 867,319 Anatysls bylund Unrestricted fund5 927.014 20.332 846,987 20,332 Restricted funds 947.346 8S7,319 15- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Support costs allocated to actlvMes 2025 2024 Governance costs 10.069 9.129 Analysed between: Nursery runnlni costs 10,069 9,129 20Z5 2024 Go¥erNan¢e costs ¢omprfse.' Legal and professional Accountancy fees Bookkeeping fees 151 4.798 5.120 131 4,198 4,800 10.069 9,129 Dlrectors. and trnstees Mrs H Hicks, a trustee, was paMI £56,480 in salary12024.. £50.4801, and £S.L21 in pension contribuOnsI2024.. £5,121) durln8 the year in her capacity as Nursery Manager, as authorised by the trustee5 and the Charity Commi$5ion. None of the other trustees lor any persons tonnected with them) received any rernuneration or benefits from the companycharity durin8 the year. Employees The a¥era8e monthty number ol employee5 durini the yeav was.. 2025 2024 Number Number 35 37 Employment coms 2025 2024 Wages and salarie5 Social security costs Other pension c05t5 677.892 36.441 17,246 651,484 23,750 16,789 731.579 692.023 There were no employees whose annual remuneration was more than (.(mm). 16- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 io otherexpendlture Unrestricted funds Unrestricted funds 2025 2024 Net loss on disposal of tangible flxed a55ets 79 11 Taxation The charity is exempt frorn tax on Income and yins fallin8Wlthin sethon 505 tsf the Taxes Act 1988 or sethon 252 of the Taxayonof Ch¥r8eable GainsArt 1992 to the extent that these a ¥pplied t¢F its charitsble objects. 12 Tan8lble ff xed assets leme1 FIx1ure5 Ir41 ad blIdn tmn At I September 2024 Addltions 1.016,574 37,374 2,027 111,0071 1,053,948 2,027 111,0071 At 31 August 2025 1.016,574 28.394 1,044,968 Depreclatlon and Impalrment At I September 2024 Depreciation charged in the year Ellmlnated in respett of disposals 355.228 20,332 35,356 1,217 110,9281 390,584 21,549 110,9281 At 31 August 2025 37S,560 2S.645 401,205 Carrylng arnouTht At 31 August 2025 641.014 2.749 643.763 At 31 August 2024 661,346 2.018 663,364 13 Debtors 2015 2024 Amounts falllng due wh1n one year Trade debtors Other debtors Prepayments and accrued income 450 223 163 7,330 6,738 8,003 6,901 17- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 14 Loans and overdrafts 2015 2024 Bank loans 48.479 59,386 Payable wlthin one year Payable after one year 11.534 36,945 10,577 48,809 The bank loan is secured by a hxed ¢har8e over the leasehold premises. Saltde•n 8arn. Ilmlted to £2rAJ,000. At the year end the Interest rate wa$ 5.75%12024.. 1.60%). IS CredIto. arnounts fallln4 due whhln one 20Z5 20Z4 Notes Bank loans Other taxatton and social securty Trade creditors Other creditors Accruals and deferred Income 14 11,534 11.626 18.188 6,478 4.600 10,577 9,526 24,819 6,314 4,480 52.426 55,716 16 Credltoys: amountsfallln8 due after more than one ar 2015 2024 Note5 Bank loans 14 36.945 48,809 17 Restrlded lunds The restricted funds of the charity cornprise the unexpended bèlance5 of donation5 grant5 held on trust Subject to specific conditions by donors as to how they rnay be use¢J. At I September 2024 Resources expended Trnnsfers At 31 August 2025 Barn and garden 601.960 120.3321 10,577 592,205 18- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 17 Restrided funds Icontinuedl Prevlous year: At 15eptember 2023 Resources expended TrafisF¢rs Al 31 August 2024 Barn and Earden 612.758 120.3321 9,534 601,960 The restricted fund originally related to grnnt income that was received to renovate Saltdean 8arn and its garden. Now S#ltde4n 83rn ènd garden ha5 been renovated it now repre5ent5 the net b(K)k value of Saltdean Barn and garden. Subsequently a loan wos also tsken out fof further prtsperty improvements which was secured against Saltdean Barn, $0 it has also been allo¢ated to the restrKteO fvntl. The movement the year reflects the nei m¢)vemeni on the asset and loan. 18 Unrestrlcted funds The unrestri¢ted funds of the Charity tomprise the unexpended balances of donatlons and grants which are not subject to specific ¢ontlilons by tlonors and grèntors as io how they may be used. These include designated funds which have been set aside out of unrestritted fynds by the tfustees for specific purposes. At I Stp¢embtr 1024 In¢oml Resour¢ evpemded Transfers At 31 Au#u$t 2025 General funds General funds 356,980 1,138,835 1926.9791 11141 110,5771 558,259 356.980 1.138.835 1927.0931 110,5771 558,145 Pre¥lous year: At I September 2023 Incomln8 Resources expended Tran51e At 31 August 2024 General fund5 359.684 853.817 1846,9871 19,5341 356,980 19- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 19 Analysls of net assets between funds unrItted fvnds RÈstrfcted funds Total Z025 2OZ5 20Z5 At 31 August 2025: Tangible assets 3,194 554,758 193 640,569 111,2261 137,1381 643,763 543,532 136,9451 Long term liabilities 558,145 592,205 1,150,350 Unrestrlcted fvnds 2024 Restrlcted fund$ 2024 Total 2024 At 31 Au8U$t 2014.. Tangible a55et5 2,018 354.962 661,346 110,5771 148,8091 663,364 344,385 148,8091 Lon8 term liabilities 356.980 501,960 958,940 20 opera4 lease comrnftments Lessee At the rePOrn1 end date the charSty had oUtandIng commiiments for fvture mlnlmum lease payments under non- cancellable operattng leases. which fall due as follows.. 2025 2024 Within one year Between two ènd five years 2,221 2.221 2,221 4,442 4.442 6,663 -20- Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l
BOOMERANG KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 21 Capltal commltments 2OZ5 20Z4 Amounts contracted lor but not provided in the financial statements.. 2025 2024 Acquisition of property, plant 8nd equipment 400,000 22 Related party tTr05ac¢lon$ There were no dlsclosable related party transathons during rhe year 12024 - N)nel. apart from the MneraOn dlsclosed In note 8. 23 Cash Renerated frornllab50rbed byl opernfjon5 2025 2024 Surplus/ldefi-citl for the year 191.410 113,5021 Adjustment5 for: Investment income rffognised in ststement ol financial athvityes L055 on disposal ol tsn8ible Axed assets riepreclation and impairment of tangible fixed assets 12371 79 21.549 21.762 Movemerts In worklng P[l. Iln¢reasel in debtors IDecreasel in creditors 11,1021 14,2471 12531 114,9831 C•sh n¢ted fromll•bsorbed by) operndMs 207,689 24 Analysls ol chat5 in fund$ At i September tashfiDM At 31 2015 Cash at bènk and in hand 393.27 194.755 587,955 Loans falllng due wlthln one year Loan5 falling due after mofe than one year 110.5771 148,8091 19571 11,864 111,5341 136,9451 333.814 205.662 539.476 21 Doc ID.. 21a39ce60b3d496260ecbad2la64598d7d84l