REGISTKRED COMPANY IWMBEIL. 04690236 (England alld Waits) REGISTERKD CHARITY NUMBER: IIIJOOII REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR YEARENDED 31 JULY 2024 FOR Spurling Cannon Audit Limited 424 Margat¢ Road Westwood Ratnsgats Kent cr12 6SJ
CONTENfs OF THE FINANCIAL STATEMENTS FOR THE YKAR ENDED 31 JULY 2024 Page Report of the Truste I to 15 Report of the Independent Audltors 16 to 18 19 Bal¥n¢e Sheet 20 Cash Flow Ststement 21 . Flotes to th¢ Cash Flow Statement 22 Notes to the Flnanctsl ststell 23 to 31 Detalied Statsment of Fluanctsl Actlvltles 32 to 33
REPORT OF THE TRUSTEES FOR THE ITARENDED 31 JULY 21124 The ttvstW5 ar¢ also directr)rn of th¢ ¢lwtity for th¢ purposes of tb¢ CoD)pwi&s Act 2006, pr¢s¢nt th¢ir r¢port with the fillancial stal¢m¢llts of the charity for tb¢ year ended 31 July 2024. The ts1¢8 bav¢ adopted the proviskons of Acmting and Reportillg by Chariti¢s: Statement of ReMmended Pra¢ti¢e appli¢able to CIltieS pwaring their accowits i accordance with the Financial Reporting Standard applicable iti tkn UK and Republic of trel4tsd (FRS 102) (effectiv¢ I January 2019). Page I
REPORT OF IRUSTEES FOR ITAR ENDED 31 JULY 21124 Objectives and aln Thanet Early Y¢ars Project (fEYP) is a Yoluntsry orgaDisatiorL that provides seryices for cljildren under the age of 5 years and their fan)ilies, in order to promote famity welfart in a ntsn-judgDtal and IlistiC way. The Principal objective is to PTOVtde good quality and education to chiIilren 5 years in the Isle of Thanet area. Io additio TEYP recoguises aThd valu¢s the diversity of the co]yJJyJuMties with wbom tbey work and end¢&vor to provide geceS. which ar¢ IlUSIve and free from di5¢rimtn4tiiF - Directpmvi8ion of day ¢ar¢ resources, relevant to local needs - To promote standards of ¢bild¢ar¢ and education . Inwrove paTentTng sktlls and education - Increase parental respoJJsibiIity - Enable familie5 to a¢c¢ss kppropriate 8ervi¢es Objecttves.. . To ¢(Fordinate and prODt¢ training to etLqure higb quality standards of childcare and education . To work as a ieaTU ill paTtlp wtth faD)iliw lo sw)p(Frt aDd ¢D]poF¢r th¢irparenting skills - To id¢Dtsfy untnet needs and gaps ill th¢ $¢rvices available in order to stimulat¢ the ¢r¢ation of 4)proprÉats new resources alld to achie a balance in cbildcakprovisio . To ]iatse and work with other Volntary and stathtory agencies - To itipattsernhip with mlllti-agencies as appropriate. Values: Thanet FrIY Years ProiectproEN)t&s its services a8: - fvlly a¢¢c5sibl¢ - flexible . respectfid - divus¢ ad iticlusive . cotllUllTryty fO¢e41 A8 aregistered Charity, TBYP aims to Provide ady years 8eryi¢e$ at variou5 Eocations illtbe Thall¢t ¥rea, that are affordable. accessible and of bigb quality. Chiid¢are and ¢du¢ation is provkded in various 10¢otiollS throughout ThalleL aimed specifically for ¢hIldr u]Mkr the age of fiv¢ y¢ars. TEYP also promotes fallY welfare in a noD-judgemental and holistic way. Wong in pgrtsw8bip with partrer agencies alld parenlslcarers to SLWPOrt and empower them to ityjprove their pareuting Skill tbw pron7s)lyngpoaitive outconM for d]ildrL Th¢ Proj¢¢t M8nagerbA8 tÉ¢n inpost since Jutte 2016. Trainirtg Developmeut All staff have indivith]al training plan ia place to cDsure their specific individual training needs are identififyL develop¢d and nwnitored via tILeir sup¢rYision IneetiDgs. Thts may include workiug towards appropriate childcare qualifications. appr¢ntic¢thip SCI¢S andlor Sp¢¢1 kny ar¢a8 tbÈttheyEDayneed to d¢v¢lop lo fill ally gaps intheir skills. All staff mEd¢k¢ Jnandatory traiIung such as PaediatrÈc First Aid as a part of our in.p¢non training. 12 staff attended Paediatric First Atd training in Aw8t 2023. Food Hygiene AwarenS. Basic Safeguarding Awareness Alld Designated Safeguarthng Traiming (DSL for setiior njanagers) is de]iveTed online through the NoodlesNow traiDi08 Portal that th¢ project has been subs1b]ng to sitice 2019. Page 2
BEPORT OF THE TRUSTEES FOR THE YEARENDED 31 JULY 2024 Knowledge and Experlethe& Thanet Early Year5 Troje¢t prides itself on having a wgll-qualified and experienced woikforce, thi5 incIleS aDployiDg si Early Y¢ats grdduates and one fixkattc¢ luate of whom four bave aehi¢v¢d Early Y¢ars Professton&ls status alld two Qualified Teachers. In &IdItio the Projeet Manager and tbe Quality Assurallc¢ alld TTriniDg Manager both have a PTTLS (Preparing to Tcath in th¢ Lifrlong Sector) trainillg qualificatiorL Thi5 qUlficatiOn is wed to writ¢ gnd d¢]iv¢r tTh.hous¢ TEYP'S itL-bouse trainiug continues to tr¢ pla¢¢ tbrougb fa¢e.tfdcc trdioillg delivered by the Qua]ity A5suraace and Trdilling Manager (QAT) aad Setting Managers in collabordtiotL Outsid< in.pgson training and qua]ifi¢atioDS IS take through otIr trainillg provAders sh as the Kent Safeguarthng Cbilthn's Board sCB). Th¢ Edu¢atiollP¢opl¢ (TEP) at)d a private provider of Paediatric FirstAi NoodlesNow is available for staff to access o]]lill¢ at ally time. Thes¢ wllrs ¢nabl¢ sthff to ¢otstitiue learning new skills or refiritig current Skills. Througb the ¢ourses pri)vided on tbe Platf stsff atr able to discover illnovative ways of Inte1]8 and applying th¢s¢ skiIls whell back attheir pla¢e of work Trainiug has continued to cov¢r all relevant legislation to ¢nswe staff undetalld how to apply tbis legislation in tern of TEYP policAes aud procedures. Policies and Procedures are reVI¢d guJarIY by the Project Manager and tbe QAT. Other nunagers assAst according to their az¢as of expertts¢. foI ¢xaDJple, Pension poli¢i¢4. Spe¢ial Edu¢atiollal N¢8 or Bottle FeedÈng. Once 4)proved poliei¢s are sigtted off by trustees at rnollthiy m¢¢tillgs or as rwired The Project Manager signs the policies on behalf of the Chair of the Boar All staff joining the project re£eive all illductioTh programnK enconkp&8sing Human Resourees p)Eicies Ivith the QAT. New staff also TeLeiv¢ a 5¢1ting induction by tbeir lin¢ during the filst week of employnnt covering houseknepillg and 8¢ttillg expe¢tstiollS, EartyY¢ar8 polici&s and best practice. ¢. Staff rec¢tv¢ opportunities to attend exterllal training such as SENCO and specific Early Y¢ars nJatteTh as Commurrication and Languag¢ delay or So¢ial and EmotioJJal dloPMen¢ Autism Awarene&s. all of which will betfit th¢ children we work wit]L The5¢ wurses are ¢ith¢T fuDded by tILe setting's traiDiDg budge¢ througb the allocation of Early Y¢ar8 Pupil PreJFJxmn or pn)vided at a charge to tbe project by Kent County Couu¢il. So¢ial Servi¢e8 aod other local training providers such as Tjwiet In¢lusion and Support SeThices (rIss). Th[5 year, staff undertook Stsff Mental Health training and Fir¢ Safety Awareness on NoodlesNow. Face to Face trailling deliver¢d ¢0 all staff included Pr¢.Phonics and Aulism Awdreness. Mand&tory traitsiDg ill¢h both Safr8uarthg and Prev¢nt courses (ODliue) and PalatrIC Fxrst Atd (iD-p¢rson) to keep slaff vp to dat¢ and Compliant with any new legislation or prnce41ur¢s. Pa8¢ 3
RKPORT OF THE TRUSTEES FOR THE YEARENDED 31 JULY 2024 Slgnfficant *ctlvltles Staff Progresslou: In September two Nursery Prdctitioners progressed it) senior practitioner roles iti the September. demoll5trate3 the significant in]pact of TEYP'S Jnonitoring and training programs. including the coackniug mentOTillg initiatives iti place. One s¢nior practitioner w8s recruited outside the orgatiisatÉou and joined Growing Together NuTsery in Jw]2ry 2024 Apprend¢eships: In S¢ptember 2023. two 8pprentices start&L one ai Growing ToEdhu and the other at Hand in Hand. The (Julity Assall¢¢ and TrainiaE (QAT) tored IIMI in.house. supporttng th¢m with & tIM)rougb induction and ttling therll in to tbe rol¢ aioti8side the nursery and the sff teanL The QAT mollitored tbeir acadert)ic and practical progress attending several meetings with them to keep them on track with their Sti1&9. An Office AdlldDtstrator Ttss recrnited in July 2023 to replace the Office Manager resigned in May 2023. She settled quicldy and became p8rt of the tepnL The Proj¢¢t MaDager gave a full in(tIon iDto the role and sbared tbis responsil)tlity witb tbe QAT. CrosFiMg Togetber rettroed to th6 Neviington Children's Celltre aELd opened its doots Agaitt to children and families for a tL¢W acadetrric y¢ar 202312024. afier thrce years waiting for tb¢ buslding to be refitrbished. kn opcn day took place jointly with the lid1¢'S CeThtre stsff and a children's c¢l¢brity offj¢iaUy opened the building. Th¢ nwsery was well visited and ¢nrolled n¢w childm in additionto thc children a]ready on roll andwho had tnsItiOned from up from tb¢ yearbefore. Public benefit The Ttustees bave referrnl to the guidance cootsioed in the Charity Conjmission's general guidatt¢e on public benefit reviewing the Chariws aims and obi¢etives 2nd irL planniivg tUre a¢tiviti¢s. P4
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 ACHIEVEMENT AND PERFORMANCE Chlidrell alld Families uslllg TEYP services H4lld ill Halld Nurs¢ry Hand in Haad Nursery s¢ry¢s a comllllullty facing bigh so¢io-¢¢OllO]ni¢ deprivation and is known for supportig cbildr¢o with special educational needs and safeguAtding ¢ODcerns. It is freq¢ttY TecomDllded by outside ag¢n¢ies such 28 healtb senTices ad 8p¢cch and language specialists. The nursery maDager collaboratr8 closety with specialist teachiag service5. earning th¢ a strong reputstion aDxing profrssionals. Ill S¢pternber, the faced an unexpected staffing.cbange when the Senior Practitionet left sudd¢Diy. A sktlled Nursery Practitioiier st¢ppedup to fill th¢ rol¢ and has sucCessfiY mallltsi thi8 positson sino¢ the That same th0nt a seriou8 iu¢ident oCcW in wthich a cbild was thiniskred tbe wrong medicatton by the Manager and Deputy Mauager. The Pioj¢¢t Manager pmnwtly reported this to Ofsted and the Loc81 Safewthng Board. After a thorougb lov¢Stigatio both Ofsied the Local Authority DesigD2tcd Officer (LADO) w¢r¢ satisfled with the nurserfs explaDatiOll and noted Ibat its Dxdx¢ation administration pro¢¢dures wer¢ fillthentally souttd. AIthouEb the itscident w&s publxslThl ott th¢ Ofstd website. the nursery took in)tn¢diate CO¢ctive a¢tioo Four measures w¢r¢ implemelltr4 and tbe staff involved received a fonDai l¢tt¢r of ¢oll¢ern. The Ofsted w¢bpage trfle¢ls that the provider its legal obligatioDS uuder the stabjtory fram¢wwk for th¢ Early Years Foundation Stsge by llotifyiug Ofsted of signifi¢2llt ¢v¢llts. Additionallyy the Quality and Assuran¢¢ Mat)as¢r ¢onducted an asse55UJ¢Dt across all TEYP nutserAes, ¢ollfitn)ing thAt the procedures frjr adnvJJi6t¢ring Jnedi¢atkon wer¢ coL8ist¢Dtiy follow In Juue 2024. alther incid¢nt o¢aured when a ¢hild nwllaged to e3it the JJursery gardffj Ththich is 8¢CUr wlth A doubl¢ gate. The child ¢limbed over the first gats and crawl¢d under th¢ seconQ reaching the street. Staff quickly th¢ child was missing and initiatsd a search. The polic£ svèr¢ ¢ollts¢ted, and fortullthly. aparent found the child ullhad and stayed with him untiL staff Arriv¢(L The d]11 vdho has special educational needs 8nd limited to no language, was calm and not distressed. This was the s¢¢ond lirne the cbild bad atternpt to cliD)b the gate; on the first occasio14 Staff iDtervengJ before the cbiId l¢ft the grounds. Following this incidenl a ¢ompEeh¢Dsive risk assewnentwas conducte4 and the gate Vfds replaced with a tsller. more s¢cwe version f¢atiwing a lockAble bolt acc¢Esibk ODly to Tr police c105ed the ¢as¢. and Ibe local 8thguarding board reviewed tbe meagurc6 taken and fOu[themt0be satisfactory. Th¢ llUts¢ry undemt a health and safety essMent itL Ju0¢ 2024 led out by a ¢ompet¢nt advi50r nothing of great sigllifiwice was reported. Growkng Together ChlldcATe Centre Three years Aft¢r being tempor&ily related to EIIW Sthool du¢ to a fire in F¢bnwy 2020. th¢ nursery successfully Jxx)v¢d back into the Cbildrcn's Centre. To matk this transitio4 the D]U5ery h¢id an open day in co]]abordtioll the The eXpalld s¢tting at th¢ ajildren's Centr¢, wmpar¢d to tb¢ pr¢vious olle at NThillgton, has pres¢nl¢d ¢hallen8es in Stairg. Due to th¢s¢ ¢ODstraints, the was initially uDabl¢ to fullyuti]is¢ its toddl¢r wbi¢h r¢DIlled closed until January 2024. This sititIon improved with the addttiOD of a new senior practitioner. allowing the nursery to maKimise its apacity andprovid¢ s¢rvi¢¢s to the childre The nursery utthmt a full lutth and Safety aSSIellt in 2024 cled out by 4 ¢oJllt¢nt advisor and nothing of great sigoifi¢ance was reporte¢L ElOrerS Nursery P4g¢ 5
THANET EARLY YEARS PROJECT REPORT OF THK TRUSTEES FOR YEAR EI4DED 31 JULY 21124 Explorer5 Nursery continue8 to be iti bigb d¢rnand, with Trear.fj enrolnHLt tn September as many new cbildren joia¢(L D¢spite the absenc¢ of th¢ SeDior Prdctitioner. who was oll si¢k leave alld ¢xp¢¢t¢d to bell a phased retum O¢Éobcr, the nutserynwintsined ade44uat¢ stsffing levels and de]ivered its wual bigb stalthrd of e. Itt relation tt> the broader context of tlLe Operatio a sigDific&nt development occum regarding th¢ Priory Children's Centte. Th¢ ¢otL4ultation hem last year concerning its potential closure Wds brougbt befo the cabinet on November 30, 2023, attd the decision to Close the centre Wds approve(L Over the two years, cbildrell's ¢elltre 5erviees ull graduallyb¢ removed frotn the site. but the nursery ttself will ienllin op¢rntional. Tr cbildren's servtces will continue to filltIOnWIt1[ they are Su¢¢aqsY relocatsj to n¢2rby facllities. Bymarch 2024, th¢ nursetys ppularityw&8 underscored by a waiting list of10 children, reflecting th¢ strongreputation and d¢n]2nd foTthe 8erVA providedby Explor¢rs Nursery. The nursery Underw a bealth and safety assessment ill lull¢ 2024 carried by a competent advisor 8Dd notbing of Overall Over past 12 months. TEYP bas childeare Se1¢e8 to 205 cbildren across its re8iStered early years nuTseries, b¢nefiting rnor¢ than 189 families. Thes¢ figurcs rcpresott a slight incre ¢on]parcd to thc previou5 finallciai year. the illcrease in the lluwber of childr¢n a¢eessing the 30-hour funding iw led to ny)re extended session bookillgs. As more famili¢8 take advantage of the 30-hour entitlem¢DL ehtldren are attending for iongtt p10a8. which has posxtively impacted se10n occupatt¢y aeross TEYP'S thr¢¢ tsursw settings. This sbift bigbligbt5 TEYP'S continued rol¢ in swporting working families bypmvithng tlexibl¢. a¢¢ewl)le childcare options. Crèches - This financial year saw a colliinued dline in th¢ d¢maud for ¢rè¢b¢ servi¢¢s. with fewrr boolong8 axd r¢duced int¢r¢st from local autborities. Although there was a slight uptick in boobngs in O¢lob¢r. Ibe5e were limited to short-terni cojthcts lasting bettveen 6 aad 12 weeks. Despite some ongoing booPing5, the Volun of work was iDsuffi¢ient to sustain the 8ervi¢e iu the long te ID r¢$ponse. a strategyineetingwas Schedu to discuss the fub]re of the crèche servic¢. An extraordinary meeting w&8 held inNovember 2023, wb¢tr the borf in consultstiots with the Project Manager, ¢OD(kncted thorough assessment of Ihe service's viability. This included an in-depth review of its loug-tenn sustainability. ajxl a CtsDsultatiollperiod followed to explore all oplions. By Mar¢ty following the outcomes of the CODsultatT¢)J4 it vrd5 deterniined that the ¢rècbe service w&g no lollger fioancially viable. and the Crèehe Manag¢r n8 llk&le reduudant. The ¢rech¢ service Vds officially ¢lose( attd Bank Staff who bad been gilPPOrting the crethes were redeploy to Ibe llurseri¢$. There were few Wdcan¢ies in the ourserteg at this time Bnd those who opted to retnain on zero-bour contracts transitioDed ioto P¢ripateti¢ Staff posittODS. providing flele coverag¢ for staff shortages, 10ng-termabsce4 3ThJ athJitio]]al support for cbildrerÈwith speci Edueational Ne¢ds and Disabi]ities (SEND). EYFS- Lead Pr#ethioner The Early Yeats Foundation Stsge (EYFS) L¢ad Prnctitioner played a pivotsl role in enltancing the learntng expthiences across all nursery settillgs. particularly for cbildr¢n aged 34. As an exp¢ri¢n¢ed and alted educator. sh¢ visited each location regUly. deiiv¢ring inthpl& hiEb-quality l¢arning activities tailor¢d lo different age groups. Her focused approach for 34 year-olds eDsur¢d that children were provid¢d WAth ¢nrich¢d learning opportiM)ities, ¢ncourdging d¢¢p¢r cognitive eLygement and fosterngkny developmelltsl milestoll¢s. In addition to battds-on wort th¢ EYFS IAd Practitioner kept fatijilies illfor and engaged by selldillg weeldy newsl¢tteES that out]ined each child's learning objectives and progress. This transparent cotnmiinication not onty strengthened the partllership betweetsthe tturseryand families but also enTrpoweredparetts to support their cbildren's dllcstiott at home. Page 6
TIL4NET EARLY YEARS PROJECT REPORT OF THE TRugrEES FOR THE YEARENDED JI JULY 21124 Her contrl)utions sigDificanlly enriched th¢ l¢amiog environ0t and improved out¢omes for all chi1th eDsufiDg higb standards of nursery ethation across tbe board. How¢v¢r. this y¢ar-long mle concluded on 31st July 2024. as the EYFS Lead Practitioner 18 S¢t to tratt8ition itito a managerial rok for the 2024-2025 ath¢ year, she wi]2 ntinue to coLtrabuts to th¢ strategic devcloprwtof the nurseries. FINANCL4L REVIEW Prllldp fullding sDur¢e8 The prillcipal ft]ndill8 sources are.. l. Ktllt C4)ullty COW11 (FLwdillg for Nursery Edu¢atio4 Fre¢ for Two thding for 2 olds, 30 hours free cbkidcare & 2 year old Thvrkiug parent funding) 2. FS fromparents Investment pollcy And objectivea Investment Sco The TnJstre$ are not restricted legally or in anyother how they can investfijttds. v¢stmeot Ob ecti Futtds 8r¢ kept in different bath, so we ar¢ fiY ¢oYercd by th¢ coll)paalioll scbaDe. W¢ hav¢ ttiv¢stt)wits in.5 dtfferent bank3, four of wllich ar¢ tied iti for a y¢ar and one being acc¢ssibl¢ with 35 days, noti¢< The cth flow is being monitored by the finalleial controller who actioa a llotiee for the withdrawal, shOldth¢b¢ aneed as Iequire Inv¢slnwits are for fith¢ sustsinability and gtowdL of the proj¢¢t and trust¢¢S 8triv¢ to acbi¢v¢ th¢ best r¢bJrn without Iisk to the projecL Th¢ ¢ollwy receive fr4)m Kent County C0C]L Early Years Pupit Pr¢Jniwn (EYPP) fimd8 for parents Jiving in arn of deprivatioll aryd who ar¢ iu receipt of benefits. Thcsc fimds aTe restricted and kept liquid as they are used at sknrt notice to lainreSoUrceS fw the childr¢ll in re¢¢ipt. Chart 's Attitude to risk The Trusteff are adverse to risk and tbe Proje¢t keep8 It$ cash fiwds split between several fJDaaciaI institilons to ¢D8ure that all fiuth covered bythe Financial Servi¢es ConwensatiottIkp)sit Guarante¢ Scheme. Availabili of Fuods Th¢T¢ is approxiniately £528k of c4sh fiJn&8 avaitable for. and sIrt to me4lium tcrminvestnrnt f tnveslmen and Mana t of cent Inveyttsjents EllvestnLctsts are currently oash deposit 0nts yieldillg bctween 3.2fjh and 5.050h Trtes of ititerest rebjrn vknicb are bigher Compar to rates in the pr¢vious financial ye2r &8 tb¢ BaDk of Eogland ba5¢ intcr¢sl rat¢ hys itw¢ased Comparisons between different woducts are wiodically undertthn and prior to ter itiv¢stm¢nts ¢oming to ats eAJd the trsteeS teview the altemktives available to f]nd the best current deal thatm¢ets tb¢ inv¢sttll¢ntpolicy criteri& The Trusle¢s make decistons &t nwnthly cotntnitt¢¢ rueeting8 by majortty de¢isio tnvestment M The Project does llot ¢urr¢ntly have a profrs$ional in(Icp¢ndenl tnveslment Manag¢r. how¢r. th¢ tnceS regularly Trview how fiwds are invesbj to wLsure the investnnts are oppropriate. Charlty Assets This capital Wds for ¢onttngellcieB SIUld th¢r¢ b¢ a ll¢ed to dissolve tbe Pn)je¢t. The mojw was d¢posited from excess fjjnds that l)ad beell re£eiv¢d This money now forn part of th¢ baian¢¢ of ass¢ty ts sbovln on the Stateme of accoullts for fjjture sustaitiability. Page 7
THAIYET EARLY YEARS PROJECT REPORT OF THE TRUSTKFS FOR THE YEARENDED 31 JULY 2(124 Reserves policy Alla]LY the T[te¢S review the Project's reSeS policy. The consider that for th¢ ¢ontinued viability of the Pn)jecl, tbat resee5 should eed six month5 llotmai cxp¢nditure. At th¢ year end the bala1¢ held es ullrestrirtedfith is £451,719 (2023: £432265) of which £446,309 (2023: £432.265} ar¢ regarded a8 free reserves. 8gayDst an actsjal spend of £7lO.510 (2023 £568.634). Included withijk unre$tri¢ted ftujds are designated funds of £5,410 (2023: 11) wbicb hav¢ been estab]ished by th¢ bwtees to sbow funds whtch bav¢ been Going eoDeern The tnts cotisider that the ¢barity WAII remain & "Going Concern. for the foreseeable fjjttre. This is bAs¢d on an assegsment of tb¢ latest aebjai finallci re9ts and tbe bet for 2024125 presented to tbe trustees. Th¢8e sources siww tbe ¢uttent and prOJted liquidity posititin of tbe charity and its £WT¢nt and proje4ted free reserves. all me18ured relativ¢ to the expectatiOll8 set out in the charitys ReseLve5 Policy. Th¢ Res¢rves Poli states that th¢ ¢hsrtty should hold free reserves of 6 monthy, regular expenditwe. At the reporting dat¢ the clwrxty has 8uffi¢t¢nt liquid free reserves and pmjected itwme to support Ihe cbarity for ]tyear alldbwnd. Iltsk JnanagemeDt The Trustees review the clthritvs curm£ and plaDlled future activities in the ]ight of any rnajor risks arising frorn time to tijlle and the effectiveness of systems alld procedures designed to n]anage theJJL The priT)ctpal risks alld uncertainties cutt¢ntly facing th¢ Charitable Company are consid¢r¢d to b¢ the developmellt of in bouse tssery provision io statutory locations, i.e. school¥ a reduction illtak¢ up of tsursery pkn du¢ to cufftnt economic c]inMte and childrnioders beitig llre open to taking on chlldren in r¢eeipt of fimdijg foE nursery educ10 (2,3 & 4 )rar olds), IajOr changes of key staff Could have a cotisiderable iroact tILe proje£t, diffiaty in recnithiig suitably experienced alld qualified TnJstees abk to give their tin to the project, being tak¢n to tribunal by staff or 1¢12ttve body, closures of Children'$ Centres resulting in loss of bustness, wiexpected ¢hanges to the rnLtal of pr¢mises could hav¢ a ¢al in]pact on tbe owoisatioL. Our pian5 alld strdtegies for Lllanaging risk include n)aintaI eff¢¢txve iJJt¢rDd controls, risk re iocid¢nt.r¢porting alld nItOring syst¢nk8 and Insurance vertherever appropriate. Pag¢ 8
REPORT OF TllE TRUSTEES FOR THK YEAR ENDED 31 JULY 2024 FUTURE DEVELOPMENTS Future Developments: 2024-21125 Than¢t Early Years Proj¢ct (fEYP) T¢maitis fo¢used on contijwous impmv¢nwit to ¢nsw¢ th¢ de]ivery of high.quality care for children under the ag¢ of 5. As part of this coll]mitnxnL IEYP is a¢tsv¢ly ¢xploJing oppornmitios to expand its services in the coming fiDallcial year. inCludg the potential to establish a fowth witbin the Thanet regio This lxpallsioll would allowTEYP to s¢ry¢ more fanJili¢s 4t net the growing demattd foE¢bild¢ar¢ itith¢ ar¢& Key priorities for the 20242025 period include: l. Embr4¢iDg New Opportunllts.. TEYP Mll proactively seek tt¢wpariu¢Thhips and initiativ¢s. such as working with 1 authorities and c4)mmwiity orgallisatioDS, to develop iDllovative s¢rvices that net the evolving needs of the COmUDity. This could illvolve seekillg Collaborations with local schools and Servic to ¢tts a s¢aths tEill for ¢hildr¢n &% tkny tnoye into prin]ary edu¢atioa. 2. D¢vdopln% Parentsl Engagement: R¢wgDisiDg tbe importan¢¢ of family illvolvemellt iti earty cbildbood dev¢lopm¢nL TEYP will ¢Dbance its par¢nlal engag¢m¢nl strategies. This in¢lud¢s ¢t]Dg nwre opporlullities for pare8 to parti¢ipat¢ in th¢ir child's l¢arning joum¢y. and inwoving ¢oEt]muntcation througb n¢wsl¢tt¢rs. rtt¢eting8. and I¢8$11)1¢ social rnediti platfo. TEYP Ill continue to empowerpar¢nts to be active participants illtheir cbild's earty ethcatio 3. Enh¥u¢ing Provtsioll3 for Chlldrell Ivitb SKIYD.. TEYP is colljmitted to fiwtber developing its provisions for cbildren witb Spccial EducationaI Nee41s attd Disabilities {SEND). This involve injproving trainiag for staff to ensure they are cquipped witb the latest techniques 2fjd knowledge, illvesting ill specialised resource4 alld offerillg additiollal support to families with SEND cbildrn TEYP will also strengthen paTts*s wilh external agencies to eD8ur¢ the best p)ssille oiitcomes for thrsc childr¢ 4. Staff Developjnent and Tr41nlng.' InvestiDg ill staff reJDaiw a top priortty. TEYP focu8 on h¢)me-WTrIDg its practitiou¢rs tIough a tobust training and development progrdni offtring opporttmities for continuous professio21 d¢10pllenL appreuticeships. #lld leadersbip pathway8. By nUrtllg tsient frojn witbi4 TBYP to A higbty Skill tivated wothrce that can deliver good care alld educatio 5. Uthlislng Djgltsl Platfornks for IrVed Aecess and gement.. TEYP already n]ade significatit 8trid¢s in eknxng its online presence by Upding its websitc to be llre llser.fri¢ndiy altd infonVr. Jn th¢ corning year, the proj¢ct will fillther l¢vcrage its Fa¢¢book page to k¢¢p families updated on k¢y ¢v¢nts, l¢ankill8 a¢tivitiF5. aud rur¢¢$. Additionally, the upgrAd¢d website will offer expanded services for paren induding th¢ ability lo easily access ijllportant documentatioa such registration forn policies, and news updates. Thi8 vll improv¢ conywcati0 str¢am]in¢ proo¢&ses. and At easier for parents to stay eugdgsj with TEYP Se18. By focusing on th¢5e cor¢ are TEYP 18 ¢0mitted to fostering 80 inclusiN supportive. and TIchIng envirnD0llt for childr¢n and fan)ilies. while continuing to build on its stroDg reputation for exc¢ll¢n¢e in ¢4rlyy¢an edu¢ation and care. Governing doemment The clwity is Controlled by its governing docurnenL a de&J of ttusL at]d ¢ODStitsrt¢$ a Iimited companyy limited by guarath, as def¢dbYthe CompaDi¢s Act 2006. Thtt Early Yeats Project is a re¢ogDised charity in the United KinsdOmr¢stratioll nwther 110001 l and is operatsd under the ndes of its ConStiti10 Oast amendment dated 24thNovembeF 2020). The mat)2gement of the Thall¢t EarlyY¢ar8 Pmject is the respollsibility of the Trustees who are elected and co-optedunder the ternL4 of the ThanetEarlyYears Project. Thi8 report is prepared in a¢cordance witb th¢ Snll comp¥ttyr¢giTne {seclioD419"(2) of tbe CoT£waDie8 Act21JO6. Page 9
RIPORT OF THE TRUSTEES OR THE YEAR Ef4DED 31 JULY 2024 Re¢rufitnwit 4Dd Appolntmellt new trnstees Tnte¢S ¢D$ure that they. rddLer than TEYP retaxll overall responsibility and Control of trustee recrnitllrnL seleetio alld inductionpr0ces. Wh¢n recrnlting members to the boartL all existing trustees need to be ¢leat about tbe ¢baritys pwpos¢ and ainL They n¢ed to be clear abo the duties and re8PODsibi]ities of trustees. to ensure both that they are acting in the best illterests of the charity, andihat th¢y can explain to llewtrustees wbat is requir of them. l. Sldlls Audlt Before r¢¢Niting new Intst¢es, the board considers skills, knowl and experieoce it needy to eLfttre that TEYP ig 118overned and nm ¢ff¢ctively. W¢ o)nsider howmany tnjstecs w¢ need for th¢ board to Tun efftttively and the attributes 9nd ¢omtthcAes th¢5¢ tru8tees sInIdv¢ to addvalue to th¢ boar When preparing to re¢nJit (and at suitsble intervals) trustees asses$ the Ikilis aud experiellc¢ lleeded by TEYP and tbe extent to w]Ltch th¢y are providol for by the existing Inkn so 88 to id¢ntify whether there are p2rti¢ulAr cbara¢teTistics which we should seek innewrecruits. A "sknll$ audit. of the ¢xisting tntstees is used to identify gaps ia ykill5 aDd ]oowiedge as reconnnended by tIL¢ Charity CommissiotL I Cenerl lbAllty - apoientiai ttwtee D¢ed8 tobe aged 18 yS or over - a pot¢thiai trustee mwtnotbe disquabfied fromactitig as a Inte¢ by virtiK of the Charities Act 1993 section 72(1) Wherebythe folloTr%Ytig individuals are di8qua]ified: - ally0 convicted of an offcn¢e involving de¢eptioll or di5]Lon¢sty UDless the convictioTris sp¢ut . awne who is an undischaTged batsknupt - anyone bas b¢en removed from tnthip of a cl]hrAty by the court orby the Charity ConnISSIonerS - anyolle who is disqualifieduud¢r a dtsquaiification othr und¢r the COmpanyDir¢QT5 Disqualification Act 1996 . the CrImi Justice and Court Swviees Act 20CN) applies - this disqualÈfi¢s anyone from holding trllsteesbip of a Chili]ren's Clwity if theyhave been collvieted of an offt¢ against a cbil . It is a ttit)li offence for allypwn to act as alTUSt¢e whyle disqualified - Iftntsiees aplt a disqualified persoll w¢ aff Iik¢lyto be inbreach of tr THEREFORB BEFORE CONSIDERING THE APPOINTM OF A NEW TRUSTEE THE FOLIA)WtNG AcfIoNS NBED TO BE TAKEN i) th¢kthe Register of diw]ifiedpersoDS ll) Djake the potential recrnit E4ware of thos¢ indiwdua]s who are di5qua]ified Article 38 of TEYP Articles of A8lati{M provides th&t'. - No peTroll lly be appointrd as a in circumslances su¢b thaL had h¢ already been a trustee. b¢ would hav¢ been disqualified from tIng the provisiolls of article 38. Article 38(24) Prodes.. A trustee slllll cease to hom office ifh¢- l) become$ itiCApable by reason of a tnentai disorder, illtsess or injury frommanagitig #drnitrting his owtt2ffai 2) regigtss 3) is absent without permissioLE of th¢ trustee8 from all DdingS held within aperiod of 6 lly)rLth8 Pag¢ 10
T]L4NET EARLY YEARS PROJECT REPORT OF THE TRUSTEES FOR THE YEARENDED 31 JULY 2024 The Cbair is to explain th¢ provision8 of Article 38 prior to co]L8ideration of apwilllm¢ 3. Deseribthg the Rfjle Truslees ned a balall¢¢d andrea]isttc picture of whtb¢illg a trust¢¢ entsils. Potential Tntee8 are seLt thro the followiDg pack of infom10Th before tbey witb th¢ Board for interi and discussio - a¢siptiOll of TEYP, its aim attdpwp05¢S - job deseription of the role of charity trustee - code of conduct for Tne$ . TEYP infornJatioA pack detsiling each of tE¢ 8¢ttin88 . Copy of ttL¢ llJOSt wxnt TEYP newd¢tter. Pa8e 11
TBANET EARLY YEARS PROJECT RKPORT OF THE TRUSTEES FOR THE YEARENDED 31 JULY 2024 OryaDi5xtioB¥i stru¢tllre Eleetloll Of C11r Th¢ tn]steeg annuallyy in ac¢ordan¢¢ with the goven]ing coTrqtitutio ¢k¢t the role of Chair of Trllqtee& The trustee u1]aJ]is1Y vot¢d Rebea IAnd os the Cbair of Trustees. Org4mls4tloD Strncture Board of Trustees TrLlStees Se¢retary .' Quality Assiwaiice & Training Maiiager Office Admill 'oje¢t Manager Creche Fill1¢1a1 Coiitt'ollei. Nursery Financial Administrator Groiving Togetbek NiSery Explorers Hand iii Haiid Nursery EYFS Lead P28¢ 12
REPORT OF TRusfEES FOR THE YEARENDED 31 JULY 2024 DeclslDn maklng Decision maknng within the proj¢ Decisioll.rnaking within TEYP adheres to the e$tabli&h¢d orgotiisation81 StnWts¢. Th¢ Proj¢ct Manager serv a5 a di[t r¢port to the Chair of Ébe Board of Trnstees. WErn colltett)plating alterations to TEYP'S polici¢8 and pro¢edur¢s. th¢ leadersbip tcam within TEYP is consulted. The final r¢¢onJtyendatiow aTe a collaboratrv¢ effort between tbe Project g¢r and the Chair of the Trustees. Upon ¢ofjscns. these recomnLen(tstions are officially approv¢d attd by the Any modificatiS to polt¢ies or proccthw¢s are subject to thorougb discwsion and supported by relevant d¢)lltio Subsequ¢trtiy. these updates are dissemi1 to all staff to eDsure Ibat the iat¢st policies are belug a¢tiv¢ly implemented across the orsanisatio The Trustee& revi¢w all potential risks to the orgaDisation"asp8rt of th¢ Audit¢dAwouDts. Inductlon and tralnlng of new trustee8 Inductloll of NeTrv Trnstee Following on from tb¢ interview of a new tswstce, Ollce botb TEYP Board of truste¢s and a new trustee hve lltY agreed alld collfirnL tbey are to join the board they are itivited to attend the next nLollthlyboard Dr¢tiDg. Prior to this tlleeting theywill be askedby th¢ Tntstees Admirir to con4)lete the following docuD&*ttthon'. - Confiict of interests, forni - Complete cotstact details fonn - Code of Conthct for Trts¢5 forni - cOlete an Ofsted EY2 forn] for ¢a¢h r¢gisteredprovisio And by the TEYP Administratorto CQD¥lete1h¢ docuunIatill for. - A DBS check (Dis¢losur¢ & Barriog SclNne) They also be sent an Inductton pack by the Tn]stee8 Administrator. whi¢h iticludes.. . - TEYP constitution and pro¢¢dures - MOSt¢t copy of End of Year Accounts as approvedby Spuding Callllon Limited A ll¢w ttustee would be invitd to visit tbe TBYP ¢¢ntr¢s aud settillgs with the Project m8ll8g¢r in to oJi¢ntate delVes with the ethos of th¢ project and to Jlleet the This would usua]ty take place at a collvelli¢llt tim¢ witbio the first 3 nK)llths ofjoioing tbe B0d of Trnstees. Trathln for Trustee8 The training of new trllstees is itrivell by specifi¢ ¢d$ as t]we is no specxfic budget allocated lo trailling trnstees as they are unberS of tbe B0d on a stri¢tty voluntary basis. Thr Bi)ard would expect that any trustee will ha aD a& of ¢AP¢rti5C that th¢y britig with them ie. Childcarq Iaw and HunwiResourc¢8 et¢. Guidance about th¢ role of b¢illg a Intte withiti a cbarity is given viath¢ (J]arity Comtwsionpubli¢atio CC3 - The Essential Tnjstee.. what you need to k1 This pllbli¢ati¢)n is distnl>uted to all llew trustees whell theyhavc join¢d the Board to provÈde themwith infornwtioll p¢rtin¢ut to worktlls within a ¢l)aTity envimnm¢nL Page 13
REPORT OF TItE TRUSTEES FOR THK YEAR EfiDED 31 JULY 2024 Retered Company nunther 04690236 (England and Wales) Regtster Ch4rfty i ioooi i Reglstered office Kent Innovation Centre Thattet Reach Business Park Millenniujn Way CTIO 2QQ Thistrts Ms R J Land (Chair) Mr H C Kenjp MTS J E Bonry¢r Ms KD Hamtn(Trnd (Project Manag¢r) Ms M B Hutchinson fy P l McGuirk Ms B A Yoimg Secretary to the Thuttt4 Mrs Matia Knight- resign¢d May 2023 Mrs Barbara Sujith. from June 2023 Auditors Spur]ing CaDllonAuditLimited 424 Margate Ro8d Westwood CT12 6SJ Banker8 Lloyds TSB BaDk PIC 3 Queen Stteet RaTrsgate Kent crii 9DZ STATEMENf OF TRUSTEESI RESPONsIBILTrs The In$ (WILO also the di¢10[8 of Than¢t Early Years Project for the pwioses of ¢orrwany law) are reswTrnsible for pr4)8ring the Report of the Tjxkn and the financsal statements in accordance with applicable law and United Kingdom Accoulltillg Standards (U1t¢dKitigd0rn GenerallyAceepted ACCo1llg Pra¢tÉce). Page 14
THANET EARLY YEAILS PROJECT REPORT OF THETRUSTEF3 FOR TRE YEAREf4DED 31 JULY 2024 STATEMENf OF TRusfEES' RESPONSIBILMES. co]E¢inued Cojnpally ]aw requixes the trustees to prepar¢ fittan¢ig1 statsztmts for each fjnaJ¢Éal year which give a lTre al fair eW of tb¢ state of affairs of tbe ¢haEitsble company and of the incomin8 resources and 4)plic4tion of 0rQ¢s, IClUdIng the iJ¢om¢ attd 6xp¢udib4 of the ¢knTitsbl¢ ¢omp8lly fj)r pcrio(L In prepaEiU8 those finaucial stst¢sEnts. the tsut¢es are requiredto select 5uitsbl¢ aCcountEpO1¢Ies al th apply them consistendy, obs¢rve the nLetbods attd ptincip1¢5 the Charity SORP. njake judgemellt5 alld ¢5tiEDate8 that 3reTegsoJabL¢ alld prudthL prepare tb¢ fmall¢ial Stat¢lllts on tbe goiug concem basis LesS it is illappts)PLith to pr¢ tbat th¢ cb&titable The tIUSt are responsible for keepiDg proper accouDtillg re% which disclose with reasollable &ccutacy tt any time fanCial positioll of the chatitable ¢owguy and to ¢llabl¢ them to ¢Dswe that the fwancial stat6¢llts rouwly witb Ib¢ Compani¢s Act 2006. They 8r¢ 8Jso r¢sponsiblc for safegvAthg the Df tILe c]Jaritable COnallY and heDc¢ for taknng r¢awnable steps for th¢p[6von Hnd detectioll of fraud2ud otknriJtrguiotitif8. Iu so far as the trllstses att 8war¢: there És no relevsnt auditithrrDatiOll of whichtbe clwitsble MpattS Auditor8 are UWare. alld th¢ trustees have takefj all steps that they ougbt to have taken to JmAke tIMusdve8 of anYleVat alldit ]DfontiOll and to eslab]i$b that tbc auditOTS are aware of thAt infoKtDatiou. AiJDfioRS Th¢ auditors, SpurlsDg CaDuoll Audit Limited, uoli be proposed for ¥¢-appointiM¢tst At th¢ fortb¢onJiti8 Antsuat Genesat Appmv¢d by order of theboaTd of ttvst¢¢sou 26N0verllb6r224 and81 onits beb&lfby.' Mr P l N[cGui. Tn¢¢ Pa8E 15
REPORT OFTHE INI)EPENDEwf AtJDITORS TO THE l¥lEMBERS OF THATrIEfEARLY YEAiL8 PROJEcr Opllltoll We have audited tE¢ finau¢i81 statements of Thanct Early Y5 Pmject (thc 'cknttsbl¢ compall)fj for the year ended 31 July 2024 ¢ottwrise the statent of FingrKid A¢Éivtties, the Balattce Sheet, the Cash Flow StthryKnt and not¢5 to 1he fitwu¢ial statemcnts. including a swwDary of sAgnificgnt accoutiting policie5. The finaucial reporting ftaokwoxk that bas l)¢¢n applied in th6ir pteparation Ès applicable law aDd Uuit¢d Kingdom ActouotiJJ£ Sta][d$ (United K10[ GeD¢r8lly AcceptedA¢col1ll Pce). JA00P]onth¢ fillaL¢i21 $ratements: giv¢ a ttue #ud fair view of tb¢ state of the charitsble co]npangs affairs as al 31 July 2024 attd of its illeomitt8 leU[C¢S and application of rrsour¢¢s, iticllldingits inco]n¢ and ¢xp¢ndÈtut¢, for the then ended,. have beettpr0perlYprep Iard8¢ withUnitedKingdom GenerallyAccepted Accounting Practicv. aad bave beellpr¢pard in a¢cordan¢e wi(kth¢ r¢qUirer[its of the Compauies Aci 2006. B8sfis for opinio We colldu¢t¢d our audit in accordaD¢¢ with International Standar& on Auditiryg iiIK} aSAs UfK)) and applicable law. Our responsibilities under those st2ttdards are fiwther dcscribed ill tb¢ Auditots, ttspoll$Ibilities for the audit of the fiDan¢ial statemcnts Wtioti of our report. W¢ ar¢ itidepelldent of the Chlt¥ble company Étl accordanc¢ with the ¢tbical requitcm¢nts that are releVat to ow audit of the financial Statexllts the UK lUdIng the FRCS Ethi¢81 Stsndar(t h&Y¢ lfill¢d our other etbi¢al WpO]li1ltiS8 Ell accorda]tr with these rtquatements. We believe that the audit ¢vident¢ we bave obtawed is sufficient apptoptiate to provide abasis fotouropinioL Co11108 rd2thg to going tty¢¢ tll audititig the fiDauGial ststelllty we have couclud¢d that th¢ trllste¢$' Yse of the goitig ¢oJJc¢m basi8 of a¢¢oimting in thc prq)arstion of th¢fj]JattiaL statements is appiopri8te. Based on the work bave performe& we have not Éd¢ntifrd atsy xll*r&al wrtleS re]kti]Lg to ¢veDts or ¢onditiOnS thaL individuaIly w collectively. may cBst sigDifitant dollbt on tbc c]Jaritable compaD3ls ability to tontiolle as a goittg tontem for ap¢riod of at l¢Asttwelve ]Jxinth frorL th¢ frwial$tar¢tt are aUtIeLIforISS1le. Our responsibilities athlthe resp0tssibilits of thr trosiees withrespect to goingco]xccm are de8¢rib¢d luthe r¢l¢vanÉ 5¢Ctions of this repo Ot7 illfomatton Tbc tN5te¢s are respoJJsiTrle for th6 oth¢r illformation. The other infornjation compEiW the ijjformation Iti¢lUd ill tts¢ ADnuAI R¢pon, oth¢rthallthe fiuall¢ial stst¢m¢Jts alldourKeport oftbe tndependentAuditors thetto Our opinion on th¢ Statements not ¢ov¢r the othw ijrfonnation ¢x¢¢pt to the ¢lleJrt otknisB cxplicitly stthd in owrwrt, we do not tre&S ally form ofa$8waLce conclusion thereo Jll ¢ontsectiorL ow audit of thc finattcial statement5, our respoDsibility is to rtad th¢ otknr infoThtion an4 in doin8 SO. coJJsidcr wh¢thw the other inforn)atioD is tsoterially ittcoti8iStent with the fiD8nci81 statements or ow knowledg¢ obtained ID the audii or otherwise appeats to be JJwt¢rIY lsStat If we identify such mateLial illCODSiSten¢ies or 4)Pgrent Tnatertal llJiSSthtentrllts, w¢ ar¢ xequired to detertrillE wkntheT this giv¢s rise to a llkteTial uJi55tstEWfJJt iu thc financiaf staletllents th¢rDselves. [( based on thE work K bav¢ performe4 we conclude that there is a ]JJaterial mi$5t2tement of thi5 other itiftirm8tioWe 8re reffjjst0 wort that facL We hlve uotbillg tts twrt ill tbi5 r¢gar OpitsloD$ other matters preserlbed by the Companies Act 21106 tn 00p]DI0 based olltr woikundertakn in the¢0¢ ofthe audii. the infornjauon given in thE Report of tbe Twstees for the finallcia] IEar for TAthich th2 finattci31 statemeJts ar¢ pr¢pgttd is coJ]sist¢nt the fjllaDCi21 statements. and the Reportof the Tnwte£s has beeD PTepar¢dittawordallce with appli¢8bk 1¢ga[rnTrirttts. Page 16
Dsign Enveknpe ID.. 05E050B2-746E4B3A-B938-57EB41ADC018 EPORT OF THE IfADEPENDENT ADoRs TO THE MEMBERS OF Matters on iylhtcbive are rthd to ryortby ex¢eptlon Ju the ligbt of the knowledge and undustallding of th¢ Charitable compaoy alld its enVOnt obtsia iti the ei>urse of fhe We hav¢ tyotbillg to r¢port ia resp¢¢t of the followitig ]tter$ wh¢rethe Con&]£5 AGÉ 20( reqwitts us to le&rtt0 you 1£ ITr our OPiDiO llot visited byus. or ertaill di8closur¢s of trtL3t¢d remuneratioll 5pecifiedbyl4war¢JJot Iad4 or bave nOtre1Ved all thc ttjforrnatiollard explanatioJ8 w¢ rwirc forout audi(. or Stratew Report or iuprepariti8 th¢ Report ofikn Trustea. R¢SPODslblllties of tyste¢¥ As exp14iry¢d llre fully iti th¢ Statement of Tn58É¢es' Rwibilitw. the tnL8tee4 (vtsi aTr a]$0 the directors of the cbaritabl¢ company for th¢ Ppse of wnpany lawl ar¢ r7)k for the preparati of tlw fjtiwi&i stht¢mts)ts and for be&ug satisfied tbat they give altlle and fair view, a1 foz su¢h illternatwntrol as th¢ trustees detern 15 n£¢e5saryto bI the pw8ration of filncIal StllerAts that ar¢ free ftomnjaknial MI Whet due to tra] or etrw. lThpreparing th¢ statem¢nts, tbe trust¢e8 are respoLffl)k for4ssessing the cbaritabk coll05 ability to ¢Olltinu¢ g8 a going coll¢ry disclosi Ls applirable, watts r¢laiYd to going concern and U5iDg the going concern basis of accoimting to ¢19 80. Page 17
D(xxJ*gn Ertvelope ID.. DSE050B2_746E483A-B93B-57EB41ADC01B REPORT OF THE ITrIDEPEDIDENf A[1DORs TO Tt[& MEMBERS OF Our respo]AtteS forthe frf thethiaDcftal StateDts Our objectives are to obtsirL rea80J8ble abjut whether the fll]8n¢tal 8tstenuits as a Ythole atr free from nlltetial Rcasonablc assur is a lJig& level of 28guranc4 but is not a gu3raofye that aa auijit conthwted ill accorthce s5ryth ISAS (UK) will alwdyE detect a mthrial misS(at¢M vkni it exists. Missiatep]ents w arise from fraud or cryor and conyidered nllterial i£ indiww or in the aea tbey conld reasonably be expected to iDfiuence the ecotionjic a16105 ofusers lak¢J on thebasis of tIe Statements. The extotto Tihi¢h ollrpre¢edures are capable of detscting illeg]laTiti4 iocluding is detsiledbelow. We obtsined ofthe leg&1 8tsd 8tOryfiaek$ that 8tt applicable to th¢ company and detenDined tbat Ibe nM)St SI1fJC5llt are in acco the Ftaanci81 ROlg Standard app]ic2bl¢ ill tbe UK (FRS 102) alld tbe ConJpaDies Act 2006. * We Eained an lld¢tang of I1 tbo ¢ompatty COD]pIied with its legal and r¢gu]8tory fr8mMI]4 illcludiDg the reqwretsjeth to property accouot for rleted Slllds, discTh8SiODS with DMuager£llt and a Teview of the docuEnt¢d * The audit * Twhich Is experie£d ity the audit of ¢ntiti&8. ¢orithd the ¢ornpsnS sus¢eptil)AIRty to Etllteriai misthtement aadhowfraudmayoccw. Oor coll8ideratiOD6 ]lUde tb¢Jisk of rnaDagem¢JJt ov¢lltd¢. * appmackwaB to ob¢cktbatth¢ ille0n from dotiations alld actsyities pmperly identified and a¢mt¢ly disclo that cxpeDdxttue cottwlied Thith the control procedw&% llnd was appropriately charge(L We also Jeviewed joumal adjustents trHn8actions. aod re8uhtioDg is from th¢ ¢vents 8t tT4DsaetiODS ttflected irL the fjnaucial statemen¢s, tbc ]ikely we would become aware of it. The risk ofllot det¢ctirgan)atsrial due to fra] is higberthanthe TA8k of ts)t detectmg ttsulting fmm ettor, as may illvolve debt¢ wllccalnnit by. for exampk forgery or int¢ntioDal misr¢preselltatio] or A fittber descEiption of our regp)nlliIitI¢s for the audit of tbe fiuallcial stateroth is ktated on the Finall¢ial RepoLtng Councll's website at FIVoI&vVaudLtQ[$r¢Il)IIltses. This dcscriplion form5 part of our Report of th¢ Jlldependent Audito. Use of ottr report This report is suad¢ solely to th¢ chatitable compatys members, a5 a bcty, ill accord with Chapter 3 of Part 16 of the Coropani¢8 Act 21Y)6. Ow audit work has beellundertokett so thatwe might state tr) tbe ¢hBritsbk companjls membetg tbos¢ Djattets we are reqthto state to tlwminall audito& report and for no other purpos& To tbe ffiest extentpernjittedby law. fvE do oot accept or a&wtn6 rwoJwl)i]ity to anyone otb¢r than the dyaritabl¢ compally attd Ihe char&tabl¢ ¢olltpanl8 ll6 abody, forow audit wort for this reprt or for the OPiDmEw¢bave forme DowSWby.' DBA5DQIA2EIMCF.. Jonath SpurIing(Senior statoryAlld1tor) for 2ndollb¢helfof Spwlin8 Canooa AuditLimtted 424 MargateRoad Westwood RarDsgate cr12 6SJ 04 December 2024 Date: ...................... Page 18
THAETEARLyY4Ils PROJEcr STATEMENT OF FINANCL4L AcrivxTIEs (INCORPORATllYGAN INCOM& AND £XPEP4DrruRE AccoifNT) FOR YEARENDED 31 JULY 2024 2024 2023 Total fimds Untcstrictcd R¢5tii¢ted futtds Not£ INCOME AT4D ENDOWMENTS FROM Donations a[gac15 1,640 700 2,34 951 Charitsble activities TtLe provision of preschool e(110&1 s¢rvi¢¢8 70&049 19,848 727,897 597,720 tllvesttnent I01£ 16102 16.904 5.397 Totsl 716J91 20,550 747,141 604,068 EXPENDTf(IRE ON CharAtable activities provistorL ofpR*hool edu¢atiotsal s¢rvic¢s 7Q7,137 3J72 710,509 568,634 NET INCOME 19.454 17.178 3Q632 35.434 RECONCILtATION OF FUf4DS TotaL fjjnds brougbt fonvard 432365 40A95 472,860 437,426 TOTALFtiNDS CARBIED FORWAIU) 451.719 57,773 5(b9,492 472,860 Thc notes fomipart of these fiLan¢ial stteEtts PaEe 19
BALAFICE SHEET 31 JULY 2024 1024 Totsl funds 2023 To¢al fiLttds UJJtBstricted iiestiscte(t Notes FLKTDASSETS Tatigible Sets 13 8,945 4.731 D¢bt<prs CAth atbzok 14 760 47Q274 760 52&047 3,426 491032 57,773 471,034 57,773 52&807 495,458 CREDrroRS 15 (2U60) (28.260) (27,329) NEr CErRRE ASSXTS 442,774 57,773 51JO,547 468,129 TOTAL ASSETS LESS CiIRPENT 451,719 57,773 509.492 472.860 NET ASS 451,719 57,773 509,492 472.860 16 451.719 57,773 432265 40595 RestricÉed fut TOTAL FUNDS 509,492 472.860 These fiDaDcial Stst£Tw have been prepared ID accordance fbe proTrisioDS applicable to charitabL¢ ¢ompalli¢5 subject to the 5Euall compallies resime. The fjoattcial statements wer¢ approved by the BoArd of TLfStees attd 2uthori$ed for i&u¢ Ort 26 Novenjber 2024 2ttd were sigtiedon itsb¢baifby. Mr P IMcGuitk. TThst¢¢ The Lotes fOrpart of these flliancial state1)lts PAÈ¢ 20
CASH FLOW STATEMENT FOX YEAR ENDED 31 JULY 2024 2024 2023 Notes Cash flows from operatlng acthl¢ks Cash generated from op¢rations 249(J2 (76,474) Net cashpmvLdbYI(UScd i) operating activities 4902 (76,474) Cash flows from Investhig #cdvllies Purchase of tangibl¢ fjxed assets ($791) IW4 (6.308) 5.397 Net cash provided byl(us¢d in) investing a¢tiviti¢s 11,113 (911) Change In ¢Ash and ¢98h eqMlvAltllts ill the reporttllg perlod Cash cash equiyalents t the beginnthg of the reporthg period 3WIIS (77,385) 492,032 569,417 C45h alld cash equlvalellts 4t the end of the reporting perhd 52&1147 492.032 The not¢s fomip8rt of these fillall¢iaI stt¢D Page 21
NOTES TO YHE CASH FLOW STATEMENT FOR THE YEARELWED 31 JULY 21n4 RECONCILIATION OF NET INCOMK TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Incojoe for the reporlits£ perlod (as per the Ststement of Flnanclal Aetivfirfes) Adjwtments for: Depreciation ¢harges Interest [e1Ved Decrease in debtors Incr¢asel(dectease) io Clt0[a 36,632 35.434 IA77 (16,904) 2,666 931 1,577 (5J97) 25.932 (134.020) Net¢ash pr{Ided byl(used ID) operatlo 24,902 (76,474) ANALYSIS OF CHANGES IN NET Fi]NDS At 1.8.23 Casb flow At 31.7.24 Net easb C¥sb at ba[ 492,032 36,015 528,047 492,032 36,015 52&047 491032 3&015 52&047 The rtot&s fornipartof these fjnancial staten*nts Page 22
NOTES TO NANCIAL STATEMENIS FOR ThE YEAR ENDED 31 JULY 2024 STATITfoRY INFORMATION Thanet Early Y¢ars Project is a c]witsble company, limited by 8uaralltee, Trgistered ill EDglaud and Wales. The ¢ompaDJ4s registered numb¢r aud i¢gi5tered office address cao be foutMI on the Compauy Infom]ation page. ACCOUNTING POLICIES B5 ofpreparlllg Ihe fjnan¢ia] $tateDkllts The financial stat¢ments of the charitable ¢ompaTky, whith is a publi¢ b¢n¢fit entity uoder FRS 102, bave been prepared in a¢¢ordance with th¢ Charities So1 (FRS 102) 'Ac¢ountitig and Reporttng by Charities.. Statement of Recommended Pwtice applicable to cl]ariti¢s pieporing tbeir ac¢oullts iu a¢cordattc¢ with the Fillancial Reporting Staudard applicable in tb¢ UK and Republic of Jrelalld (FRS 102) (¢ffective l Jgmuary 2019),. Fillallcial R¢portsng Standard 102 'The FillaThcial Reporting Standard applicabl¢ ill the UK a1 R¢pub]x¢ of Ir¢]and' and the Companies Act 21M)6. T financial StateMts have beenprepared under tbe histOTieal cost conventio The fiDallctal $tat¢DKnts are pented iti StsrIing. vknich 18 the fjjtictional of the ¢lwity. Monetary amounts ill th¢s¢ fillancial staten]¢nts are rouTed to the nearest £. Gothg ¢oncern The Trustees have pr¢par¢d flljanciai proj¢¢tions, taking iDtO COD8ideratioll th¢ curr¢ut ¢¢onomi¢ conditions and bave, at the tim¢ of approvillg th¢s¢ accoullts, a re&sollable ¢xp¢¢tation that the charÉty athquate resources to continue iu operational ¢Xl5teJe foE the for&8¢¢abie fitture. Thus, tbey continue to adopt the going concern basis of cOuting in preparin8 th¢ a¢¢owits. Incon All incom¢ is re¢oguiscd in the Ststement of FiDall¢l Activktiu once the ebarity has ¢Dtitl¢nKJ]t lo th¢ fid5. it is probabl¢ that the income wi]1 be re1ved and the atnount eAll be mea9ca reliably. Expendtture Liabilities are recognised as expellditt¢ as S( as there is a kgal or consti7lIve obligation cornmitting th¢ ¢lwity to tbat cxpenditure. it is probabb that a traDsfer of economi¢ benefits will be required ill settlement aj the atnount of the obligation cao b¢ yllwur reliably. Exp¢llditut¢ 18 accouttted for on an a¢ basis a1 has b¢1 classifj ullder headings that aggregate all ¢05t related to the c4tegory. Wbere eosts cattllot be directly &ttftuted to particutsr headings theyhave been 8llo¢akd to activities on a basis ¢onsi8t¢ntwiLb theuse of r¢6ouree& 8nts offered subject to ndItio18 whtch have not b¢ett nKt at the year ¢JJd date are notsd &8 a commitst but not Tanglbl¢ fjxed assets Depreciationis provided at th¢ followillg anTMthl ratss in orderto WLlte off each asset over its estillted use1 life. FiKtures and fittillgs Computer cquipm¢llt 25% on ¢ost 250/0 on ¢08t TAtIOn Th¢ ¢Jwity is ex¢TllPt from COotiOn tsx on tts cbaritsble actÈYitie8. Fwid xccounting Unr¢stri¢t¢d fiumls canb¢ used iu aCcOrdae with th¢ c])aritable obj¢¢tiv¢s atth¢ discrrtm of the tr1¢¢8. Restricted fuults Can only be wed for particular restricted puq)oses within tbe objects of the clwity. Resttidions arise when sp¢cifi¢d by the donor or th fimds are raised forpartlcu1ortr1cdPuw8e5. Page 23
NOTES TO FINANCIAL STATEMENIS. eonthiued FOR THE YKARENDED 31 JULY 2024 AccotiNTING POLICIES. LWtIDued Penslon CDSts and other p05t-rettremellt beDefjts The C11table ¢onY operates a defined ¢ontttl)ution pen8iotL sclwne. Contrknt ons payable to tbe clwitsble company's pension Sche ar¢ charged to the Statement of Financial Activitie5 inthe period to which they relate. DONATIONS AND iEGACIES 21124 2023 Donations 2J40 951 21124 2023 Deposit account iThttrest 1&904 5,397 2024 2023 Activity The proVill of preschcrt)l edlleational 628J75 498,915 The provision of preschool educational serviees Th¢ provision of preschool edUtiOnal service5 F¢¢5 93,111 93,994 s1Come 6.411 4.811 727,897 597.720 Grnttts ITed in tbe above, are as follows: 21124 2023 Otber grants Funded 3 & 4 Yw OldNurseryP]a¢es FUlld 2 Ye4rOld Nursery P]x¢ 49,651 373,538 205,186 39.412 337.366 122.137 628,375 498.915 Page 24 continued...
NOTES TO TH FINANCIAL sTATEN[s. ¢onthiued FOR THE YEAR EF4DED 31 JULY 2024 Support costs (see not¢ 8) Totals The provision of pr¢5chool educatio1] 5111367 21J9.242 710,509 GIL4NTS PAYAMLE 21124 2023 The provisiojj of pr¢school educational s¢tvi¢es SUPPORT COSTS costs Totsls The provision of pr¢s¢hool educatioD3E 201,026 152 004 209,242 Net incomeJ(exp¢nditiwe) is stated aft¢r Chargin(]Illllg)". 2024 2023 Auditors, remuIierntion Depreciation. OTh14} assets Other op¢rattng leases 6.800 1577 37,566 1,577 44,952 TRUSTEESI REmuNTIoN AND BENEFris 2024 2023 TnLStee$' Salari Trustees, social security Trn5tces' pension contributions to Jnonry pur¢has¢ 5¢h¢me8 511,031 5,649 45.915 5.185 2,294 $8,181 53,394 The cl]arity is r¢quired to hav¢ a Responsible PersoL Th¢ Project Manag¢r. Ms K D Hamn4 h&8 ]llertakeTh thEs role since 24 July 2018. M$ K D Hammond received remkuwtiott in the yearj 28 disclosed above, in ac4ordance vlith Charity Law and tbe governtng document of tbe cbatity, for IL¢r eJnploy¢d services as the Project Manager. There wcre llo other Tftle who rec¢ived remu110 dwing the year ended 31 July 2024 nor for the year ended 31 July 2023. Page 25 ¢otitinud..
NOTLS TO THE FINANCIAL STATEMENfs. conthiued FOR THE ENDED 31 JULY 21124 10. TRUSTEES, REmuNTIoN AND BENEFITS. continuf¥l During the year Ms K D HamDY)nd Twstre was reimb £325 (2023 £29) for costs illcutred on b¢haEf of the ii. STAFF COSTS 2024 2023 Wages a1 s81eS Social swity costs 559,7S5 26,515 IS10 519,970 33.677 15.004 602,080 568.651 The average TnoDthly nutllljer of employtts during the yeBrwa8 as follows.. 2024 36 2023 39 Head Office 8od Settings stsff No e1nplos T¢ceAved clUMents in of £60.000. 12. COMPAIL4TIVES FOR THE STATEMENf OF FJNAI¥CIAL ACnVITtES Unrestrictd R¢8tri¢ted fi]nds fLmds To Don2ti008 and legackes 48 951 Charltable actfvilies Th¢ provigion of preschool educ serYi¢es 586,305 11,415 597,720 5,399 (2) 5.397 Totsl 591.752 12,316 604,068 ChgrttsbRe acthllles Theprovision of pre8cbool ¢ducatio]]&l servic¢s 563,775 4,859 568,634 ET NCOME 27,977 7,457 35,434 RECONCILTATION OF FUF4DS Total fjjllds brougbt foTrurd 404.289 33,137 437.426 432266 40,594 472.860 Page 26
NOTES TO THE FINANCIAL STATEN[s. CODtiDued FOR THE YEAR KNDKD 31 JULY 2024 TANGIBLE FIXED ASSETS Computer fittillg8 COST At l Augiist 2023 Additions 7,231 7959 5,791 15,190 5,791 At 31 July 2024 7,231 13,750 2Q981 DEPRECIATION At l August 2023 1500 1,577 7959 10,459 1,577 At 31 July 2024 077 7959 12,036 T BOOK VALUE At 31 July 2024 3.154 &791 At 31 July 2023 4,731 4.731 14. DEBTORS: AMOUNTS FAtLL¥G DUE ONE YEAR 21ll4 2023 Trade debto Oth¢r d¢btors Pr¢paym¢nts and acmied itico 21)0 250 417 2,759 560 760 3.426 IS. cREDORS. AMOIJNTS FALL{G DUE WITHIN ONE YEAR 2024 2023 Trade creditors 355 1.318 3,116 22.895 27.9115 28260 27,329 Since 2015 the clwity has been illcluthg provisions for anticip*d addittollal charges tbat bad not been Illvoic to the Charity. No invoie have everbeell raised for these costs and the Tn&8te¢s now ¢owid¢r that any p&ym¢ut would be remot¢ aod ther¢for¢ the provisions have been r¢v¢ry¢d to tbe Stat¢lltt OfFinancial Activitie5 in ill2023. Page 27
NOTES TO THE FINANCIAL STATEM£Nfs- eonttnlled FOR THE TrTAR ENDED 31 JULY 21124 16. Net At 1.8.23 31.7.24 Unrnstrleted fwids 432265 14,044 5,41 446,3119 5,41(1 Phonics teacknng 432,265 19,454 451,719 Restrfcted funds RallL8gate Charities Futtd Explorers FarlyYeaTh Pupil Premium Hand iDHand Early Y¢ars Pupd Premium GrowingTogetherEarlyYears Pwiil 74 12,223 20,271 74 17,701 26537 5,478 6,266 7234 793 4,734 7UO 11,968 IA93 Hardsl)ip Fut 40J95 17,178 57.773 4718611 36,632 509,492 Nettlloveme in fi$. ittel in tbe above are as follows: Incoming Iesoiirs Resources expended Movemellt in fiwds Unrestrlcted fitnd8 721)91 6,000 (70047> (590) 14,044 5AIO Phonics teaching 726,591 (707.137) 19A54 Restrlcted funds Explorers EarlyY¢ats Pil Premium Hand itLHand Earlyyears Pupil Pr¢llJiutn Growiog Togetber Early Years Pupil 236 7,806 (758) {1,540) 5A78 266 (1,1174) 4.734 700 Hordsbip Fuzwl 71KI 20511 (3,372) 17,178 TOTAL FUNDS 747,141 1710509) 36,632 Page 28
THANET EARLYYEARS PROJEcr NOTES TO TKE FINANcL sfATEhlENIS. ¢onthiued FOR THE YEAR ENDED 31 JULY 2024 16. MOVEMENT JF4 FUNDS. eontinued CoD]paradves foT movement kn fullds Net At 31.7.23 At L.8.22 Unrestrlctsd tsnds General fund 404.289 27976 432265 Restrl¢t¢d fwmls Ra]J)sgate Chariiies Fw Explorers Earlyyears Pupil Pr¢tDiU]n Haud ill Hand Early Years Pupil PremiuuL Growing Togetlw Early Years Pupil Pr¢xDium H8rdsbip Fund 74 9.SX17 16.219 74 12223 20271 2J16 4.052 6,237 700 997 93 7234 793 33,137 7,458 40595 TOTAL FUM)S 437.426 35,434 472,860 comparati moven]¢nt in fullds, included illth¢ above are 88 follows.. resourc¢s Ullwtrktsd funds 591.751 (563,775) 27.976 Restricted funds Explorers Farly Years Pupil ¢1 Hand inHand Earty Years Pupil Prnjiutn GrowiDg Together Early Years Pupil 3,652 5.678 (1.336) (1.626) 2,316 4.052 2,085 902 (1,088) (809) Hardship Fu1 93 12,317 (4.859) 7,458 TOTAL VUNDS 604,068 (568.634) 35.434 Page 29
N(YfES TO THE FINANCIAL STATEIEN- conthilled FOR THE YEAR ETr4DED 31 JULY 2024 16. MOVEMENf IN FUNDS. eotttlllued A owr¢ntyear 12 andlorYegr 12 rnollth8 combinedposition 1$ follows: Net Ivement in fimds At 31.7.24 At 1.8.22 Unrestrlcted 404289 42,020 5,410 446,309 5.410 Phonics te&¢bing 404289 47,430 451.719 Re8trictsd fuDds Ramsgdte Charities Fund Explorers Earlyyears P11 Pr•1 Halld in Halld FArly Yeats Pupil Prelljium Growing Togetlw EaTtyYears Pw)il 74 9.907 16219 74 17,701 26,537 7,794 10.318 6,237 700 5,731 793 11,968 1.493 Hwdship Fund 33,137 24,636 57.773 TOTAL FUNDS 437,426 72.066 509.492 A current ye8r 12 months and prAor year 12 months Combin net movement in fimds. in¢lud¢d in the above are follows.. Resouwe$ lknvement ¢xp¢nded General fill 1,312.342 (1.270.322) (590) 42.020 5.410 1.318.342 (1.270.912) 47.430 Restrleted fuuds Explr$ EarlyYeArs Pupil Premiutn Hand in Hand Earlyyears Pl11 Pr¢nJiwD Growitig Together Early Yearn Pupil 9,888 13,484 (2,094) (3.166) 7.794 10,318 7.893 I,fA12 (2,162) (809) 5,731 793 Hardslup Fund 32,867 (8231) 24,636 TOTAL FUNDS 1.351.209 (1279,143) 72.066 Page 30
NOTES TO FINANCIAL STATEMENtS. colrfinued FOR YEAR ENDED 31 JULY 2024 17. B£LATED PARTYDISCJA)SURES There were no r¢lated patytranwtioDS for th¢ y¢ar ¢ed 31 Juty 2024. Page 31