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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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 c￿01 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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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 Charl￿eS." 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 pa￿CUlar 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 child￿n untler two years of ase. The charity Con￿nueS 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£ ben￿t The trustees have paid due regard to the guidance issued by the char￿ CoMmiss￿n 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 requI￿rnents. Initiatives to support staff wellbein& includin8 social events, improvements to stèff facili￿eS and dedicated wellbeing inset days, afe also planned. Working within earty years provision remains demanding and rela￿velY 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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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. tesul￿n8 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 anticI￿￿On 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 fina￿181 stablllty of the charlty and to enable it to confjnue Opera￿n& 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, I￿e 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. I￿rease5 Iri staffing w5ts and widei e¢tsrwrnic pressure5 4ff￿tin8the early year5 5e¢tor. Malor rlsk5 The trustees review the risks faced by the Charity on an annual basis. The principal risks H4enfjfied Con￿nUe to be finan£lal In nature, including pressures arising from government funding levels. staffin8 costs and occupancy fluttuafjons. The trustees also reco8nSse the 0￿ra￿O￿al 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 poten￿al 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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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 A￿v￿ltment 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 iThv0￿5 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 aCcorda￿e with applicab￿ law and United Kingdom ￿COun￿ng Standards Iunited Kingdom Generally Accepted Accountsng Practt£el. Cornpany law require5 the trustees to prepare hnanc￿l 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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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 requ1￿meNts. 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 tt*ncluded 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 ￿sPonSibl11￿es 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 the￿On. The trustees are responsible for the other information tontained within annual ￿port. Our opinion on the financial statements does Mt cover the other Informa￿on and WÈ do not express any form of assuranc conclusion thereon. Our responsibility is to read the other Informa￿on 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 t￿1 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.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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 alterna￿Ve 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 dI￿rt impact on the preparation of the h'nèn¢ial statements, being FR5 102 and charl￿e% SORP IFRS 1021 leffÈcttve January 20191. WÈ communicated iden￿fied laws and ￿&￿10￿0n$ throughout our team and remained alert to any 1ndits￿OnS of non-compliance throughout the audit. We evaluated management's Incen￿Ve$ 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 accOun￿n& 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 nonndence. including correspondence with HM Revenue & Custom5, for 5ign5 of potential non-compliance with law5 and regulation5- A review of specific riorninal codes within the accounting record5 that would highlight £05ts asX)cwted with non- ompliance of relevant law5 and regulations.. A5se55rnent of identified fraud riskfartor5.' Challenging assumptior15 and judgetnents made by tnanagement in Tt5 signilicant accounting estitnates.. Perfortning analytical procedures to identfy any unusual or unexpected relationships. including rdated party transactions, that may indicate risks of tnaterial tnisstatement due to ftaud,. Confirm8tion of related parbes with rna￿a￿Ment. and review of transactions throughout the period to identify any previously undisclosed rransacThons with related parries outside the normal course of business.. Review of significant and unusual transathons and evaluatfjon ol the undertying financlal ra￿onale supwrfjng the rransactions.. and Identifying and testing journal entries. in parricular any manual eniries made at the year-end for financial ststement preparation, as well as throughout the year. Doc ID.. 21a39ce60b3d496260ecbad2￿￿la64598d7d84l 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