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 Re￿Mmended Pra¢ti¢e appli¢able to CI￿ltieS 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-judgD￿tal and I￿listiC 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 ge￿￿ceS. which ar¢ I￿lUSIve 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 prOD￿t¢ training to etLqure higb quality standards of childcare and education . To work as a ieaTU ill paTtl￿p wtth faD)iliw lo sw)p(Frt aDd ¢D]poF¢r th¢irparenting skills - To id¢Dtsfy untnet needs and gaps ill th¢ $¢rvices available in order to stimulat¢ the ¢r¢ation of 4)proprÉats new resources alld to achie￿ a balance in cbildcakprovisio . To ]iatse and work with other Vol￿ntary and stathtory agencies - To itipattsernhip with mlllti-agencies as appropriate. Values: Thanet F￿rIY Years ProiectproEN)t&s its services a8: - fvlly a¢¢c5sibl¢ - flexible . respectfid - divus¢ a￿d iticlusive . cotllUllTryty fO¢￿e41 A8 aregistered Charity, TBYP aims to Provide ady years 8eryi¢e$ 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 fa￿llY welfare in a noD-judgemental and holistic way. Wo￿￿ng in pgrtsw8bip with partrer agencies alld parenlslcarers to SLWPOrt and empower them to ityjprove their pareuting Skill￿ tbw pron7s)lyngpoaitive outconM for d]ildr￿L 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 Awaren￿S. 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 subs￿1b]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 incI￿leS 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 qU￿lficatiOn is wed to writ¢ gnd d¢]iv¢r tTh.hous¢ TEYP'S itL-bouse trainiug continues to tr￿¢ pla¢¢ tbrougb fa¢e.t￿fdcc 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 otI￿r trainillg provAders s￿h 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 Inte￿1]￿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 unde￿talld 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 employn*nt 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 d￿loPMen¢ Autism Awarene&s. all of which will bet￿fit 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 Pa￿latrIC 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 Ass￿all¢¢ 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 s￿ff teanL The QAT mollitored tbeir acadert)ic and practical progress attending several meetings with them to keep them on track with their Sti￿1&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 t￿nsItiOned 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. P￿4 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 supporti￿g cbildr¢o with special educational needs and safeguAtding ¢ODcerns. It is freq￿¢￿ttY TecomD￿llded by outside ag¢n¢ies such 28 healtb senTices a￿d 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 sucCessfi￿Y 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. al￿ther 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 ullha￿d 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 rel￿ated 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 Stair￿g. Due to th¢s¢ ¢ODstraints, the was initially uDabl¢ to fullyuti]is¢ its toddl¢r ￿ wbi¢h r¢D￿Illed closed until January 2024. This siti￿tIon 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 a￿SSI￿ellt in 2024 c￿led out by 4 ¢oJll￿t¢nt advisor and nothing of great sigoifi¢ance was reporte¢L E￿lOrerS 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 be￿ll 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 fill￿tIOnWIt1[ they are Su¢¢aqs￿Y 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 Se￿1¢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 p￿10a8. which has posxtively impacted se￿10n 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 d￿line 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 fle￿￿le coverag¢ for staff shortages, 10ng-termabsc￿e4 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 a￿lted educator. sh¢ visited each location regU￿ly. 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 environ0￿t and improved out¢omes for all chi1th￿ eDsufiDg higb standards of nursery eth￿ation 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 COW￿11 (FLwdillg for Nursery Edu¢atio4 Fre¢ for Two thding for 2 ￿ olds, 30 hours free cbkidcare & 2 year old Thvrkiug parent funding) 2. F￿S 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¢ fi￿Y ¢oYercd by th¢ coll)pa￿alioll 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, shO￿ldth¢￿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 C0￿C]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 lain￿reSoUrceS 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 institi￿lons 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 sI￿rt to me4lium tcrminvestnrnt f tnveslmen and Mana t of c￿￿ent Inveyttsjents EllvestnLctsts are currently oash deposit ￿0￿nts 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 tr￿steeS 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$ional in(Icp¢ndenl tnveslment Manag¢r. how￿¢r. th¢ tn￿ceS regularly Trview how fiwds are invesbj to wLsure the investn￿nts are oppropriate. Charlty Assets This capital Wds for ¢onttngellcieB SI￿Uld th¢r¢ b¢ a ll¢ed to dissolve tbe Pn)je¢t. The mojw was d¢posited from excess fjjnds that l)ad beell re£eiv¢d This money now forn￿ part of th¢ baian¢¢ of ass¢ty ts sbovln on the Stateme￿ of accoullts for fjjture sustaitiability. Page 7 THAIYET EARLY YEARS PROJECT REPORT OF THE TRUSTKFS FOR THE YEARENDED 31 JULY 2(124 Reserves policy All￿￿a]LY the T[￿￿te¢S review the Project's reSe￿S policy. The consider that for th¢ ¢ontinued viability of the Pn)jecl, tbat rese￿e5 should ￿eed six month5 llotmai cxp¢nditure. At th¢ year end the bala1￿¢ held es ullrestrirtedfith is £451,719 (2023: £432265) of which £446,309 (2023: £432.265} ar¢ regarded a8 free reserves. 8gayDst an actsjal spend of £7lO.510 (2023 £568.634). Included withijk unre$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￿ re9￿ts and tbe b￿et for 2024125 presented to tbe trustees. Th¢8e sources siww tbe ¢uttent and prOJ￿ted 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 ts￿sery provision io statutory locations, i.e. school¥ a reduction illtak¢ up of tsursery pkn du¢ to cufftnt economic c]inMte and childrnioders beitig ll￿re open to taking on chlldren in r¢eeipt of fimdijg foE nursery educ￿10￿ (2,3 & 4 )rar olds), I￿ajOr 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 ￿ver￿therever 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. inClud￿g the potential to establish a fowth witbin the Thanet regio￿ This lxpallsioll would allowTEYP to s¢ry¢ more fanJili¢s 4t￿ n￿et 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 n￿et the evolving needs of the COmUDity. This could illvolve seekillg Collaborations with local schools and Servic￿ to ¢tts￿ a s¢aths tE￿ill￿ 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 pare￿8 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$11)1¢ social rnediti platfo￿. TEYP ￿Ill continue to empowerpar¢nts to be active participants illtheir cbild's earty ethcatio 3. Enh¥u¢ing Provtsioll3 for Chlldrell Ivitb SKIYD.. TEYP is colljmitted to fiwtber developing its provisions for cbildren witb Spccial EducationaI Nee41s attd Disabilities {SEND). This involve injproving trainiag for staff to ensure they are cquipped witb the latest techniques 2fjd knowledge, illvesting ill specialised resource4 alld offerillg additiollal support to families with SEND cbildrn TEYP will also strengthen paTts*s wilh external agencies to eD8ur¢ the best p)ssille oiitcomes for thrsc childr¢ 4. Staff Developjnent and Tr41nlng.' InvestiDg ill staff reJDaiw a top priortty. TEYP focu8 on h¢)me-WTrIDg its practitiou¢rs tI￿ough a tobust training and development progrdni offtring opporttmities for continuous professio￿21 d￿¢10p￿llenL appreuticeships. #lld leadersbip pathway8. By nUrtll￿g tsient frojn witbi4 TBYP to A higbty Skill￿ ￿￿tivated wothrce that can deliver good care alld educatio 5. Uthlislng Djgltsl Platfornks for I￿￿r￿Ved Aecess and ￿￿g￿ement.. TEYP already n]ade significatit 8trid¢s in eknxng its online presence by Up￿ding its websitc to be ll￿re llser.fri¢ndiy altd infon￿Vr. Jn th¢ corning year, the proj¢ct will fillther l¢vcrage its Fa¢¢book page to k¢¢p families updated on k¢y ¢v¢nts, l¢ankill8 a¢tivitiF5. aud r￿ur¢¢$. 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 v￿ll improv¢ conywcati0￿ str¢am]in¢ proo¢&ses. and At easier for parents to stay eugdgsj with TEYP Se￿1￿8. By focusing on th¢5e cor¢ are￿ TEYP 18 ¢0￿mitted to fostering 80 inclusiN supportive. and ￿TIchIng envirnD0￿llt 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. Th￿tt Early Yeats Project is a re¢ogDised charity in the United KinsdOmr¢￿stratioll nwther 110001 l and is operatsd under the ndes of its ConStiti￿10￿ 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¢ Sn￿ll 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 Tn￿te¢S ¢D$ure that they. rddLer than TEYP retaxll overall responsibility and Control of trustee recrnitllrnL seleetio alld inductionpr0ce￿s. Wh¢n recrnlting members to the boartL all existing trustees need to be ¢leat about tbe ¢baritys pwpos¢ and ainL They n¢ed to be clear abo￿ the duties and re8PODsibi]ities of trustees. to ensure both that they are acting in the best illterests of the charity, andihat th¢y can explain to llewtrustees wbat is requir￿ of them. l. Sldlls Audlt Before r¢¢Niting new Intst¢es, the board considers skills, knowl* and experieoce it needy to eLfttre that TEYP ig 118overned and nm ¢ff¢ctively. W¢ o)nsider howmany tnjstecs w¢ need for th¢ board to Tun efftttively and the attributes 9nd ¢omtthcAes th¢5¢ tru8tees sI￿nId￿v¢ to addvalue to th¢ boar When preparing to re¢nJit (and at suitsble intervals) trustees asses$ 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 Cener*l ￿lbAllty - apoientiai ttwtee D¢ed8 tobe aged 18 y￿S or over - a pot¢thiai trustee mwtnotbe disquabfied fromactitig as a In￿te¢ 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 tn￿thip of a cl]hrAty by the court orby the Charity Con￿nISSIonerS - 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 ap￿l￿t 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 A8￿￿lati{M provides th&t'. - No peTroll ll￿y 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) Pro￿des.. A trustee slllll cease to hom office ifh¢- l) become$ itiCApable by reason of a tnentai disorder, illtsess or injury frommanagitig #drni￿tr￿ting his owtt2ffai 2) regigtss 3) is absent without permissioLE of th¢ trustee8 from all D￿dingS 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 Tn￿tee8 are seLt thro￿ the followiDg pack of infom￿10Th before tbey witb th¢ Board for interi￿ and discussio - a¢s￿iptiOll of TEYP, its aim attdpwp05¢S - job deseription of the role of charity trustee - code of conduct for Tn￿e$ . 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 C1￿1r Th¢ tn]steeg annuallyy in ac¢ordan¢¢ with the goven]ing coTrqtitutio￿ ¢k¢t the role of Chair of Trllqtee& The trustee u1]aJ]i￿￿s1Y vot¢d Rebe￿a IAnd os the Cbair of Trustees. Org4mls4tloD Strncture Board of Trustees TrLlStees Se¢retary .' Quality Assiwaiice & Training Maiiager Office Admill 'oje¢t Manager Creche Fill￿1¢1a1 Coiitt'ollei. Nursery Financial Administrator Groiving Togetbek Ni￿Sery 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 modificati￿S to polt¢ies or proccthw¢s are subject to thorougb discwsion and supported by relevant d¢)￿ll￿￿tio 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 ll￿t￿Y 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 Admiri￿r to con4)lete the following docuD&*ttthon'. - Confiict of interests, forni - Complete cotstact details fonn - Code of Conthct for Tr￿ts¢5 forni - cO￿lete an Ofsted EY2 forn] for ¢a¢h r¢gisteredprovisio And by the TEYP Administratorto CQD¥lete1h¢ docuu￿nIati￿ll 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 d￿￿￿elVes 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 B0￿d 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 u￿￿nberS of tbe B0￿d 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 In￿tte 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 Re￿tered 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 RESPONsIBILTr￿s 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 (U￿1t¢dKitigd0rn GenerallyAceepted ACCo￿￿1llg 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 ￿0￿rQ¢s, I￿ClUdIng the iJ¢om¢ attd 6xp¢udib4 of the ¢knTitsbl¢ ¢omp8lly fj)r pcrio(L In prepaEiU8 those finaucial stst¢sE*nts. the tsut¢es are requiredto select 5uitsbl¢ aCcount￿EpO1*¢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¢ll￿lts 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 f￿anCial 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 COn￿allY and heDc¢ for taknng r¢awnable steps for th¢p[6v￿￿on Hnd detectioll of fraud2ud otknriJtrguiotitif8. Iu so far as the trllstses att 8war¢: there És no relevsnt auditithrrDatiOll of whichtbe clwitsble ￿Mpatt￿S Auditor8 are U￿Ware. alld th¢ trustees have takefj all steps that they ougbt to have taken to JmAke tIMusdve8 of anY￿leVa￿t alldit ]Dfon￿tiOll and to eslab]i$b that tbc auditOTS are aware of thAt infoKtDatiou. AiJDfioRS Th¢ auditors, SpurlsDg CaDuoll Audit Limited, uoli be proposed for ¥¢-appointiM¢tst At th¢ fortb¢onJiti8 Antsuat Genesat Appmv¢d by order of theboaTd of ttvst¢¢sou 26N0verllb6r2￿24 and81￿￿ onits beb&lfby.' Mr P l N[cGui￿. Tn￿¢¢ Pa8E 15 REPORT OFTHE INI)EPENDEwf AtJDITORS TO THE l¥lEMBERS OF THATrIEfEARLY YEAiL8 PROJEcr Opllltoll We have audited tE¢ finau¢i81 statements of Thanct Early Y￿5 Pmject (thc 'cknttsbl¢ compall)fj for the year ended 31 July 2024 ¢ottwrise the staten￿￿t of FingrKid A¢Éivtties, the Balattce Sheet, the Cash Flow StthryKnt and not¢5 to 1he fitwu¢ial statemcnts. including a swwDary of sAgnificgnt accoutiting policie5. The finaucial reporting ftaokwoxk that bas l)¢¢n applied in th6ir pteparation Ès applicable law aDd Uuit¢d Kingdom ActouotiJJ£ Sta]￿￿[d$ (United K￿￿10[￿ GeD¢r8lly AcceptedA¢co￿l1ll￿ P￿ce). JA0￿0P]￿onth¢ fillaL¢i21 $ratements: giv¢ a ttue #ud fair view of tb¢ state of the charitsble co]npangs affairs as al 31 July 2024 attd of its illeomitt8 le￿U[C¢S and application of rrsour¢¢s, iticllldingits inco]n¢ and ¢xp¢ndÈtut¢, for the then ended,. have beettpr0perlYprep￿ I￿a￿rd8￿¢ withUnitedKingdom GenerallyAccepted Accounting Practicv. aad bave beellpr¢pard in a¢cordan¢e wi(kth¢ r¢qUirer[￿its of the Compauies Aci 2006. B8sfis for opinio We colldu¢t¢d our audit in accordaD¢¢ with International Standar& on Auditiryg iiIK} aSAs UfK)) and applicable law. Our responsibilities under those st2ttdards are fiwther dcscribed ill tb¢ Auditots, ttspoll$Ibilities for the audit of the fiDan¢ial statemcnts Wtioti of our report. W¢ ar¢ itidepelldent of the Ch￿lt¥ble company Étl accordanc¢ with the ¢tbical requitcm¢nts that are releVa￿t to ow audit of the financial Statexll￿ts 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 Co1￿1￿10￿8 rd2thg to going tty￿¢¢￿ tll audititig the fiDauGial ststell￿lty we have couclud¢d that th¢ trllste¢$' Yse of the goitig ¢oJJc¢m basi8 of a¢¢oimting in thc prq)arstion of th¢fj]JattiaL statements is appiopri8te. Based on the work bave performe& we have not Éd¢ntifrd atsy xll*r&al w￿rt￿leS re]kti]Lg to ¢veDts or ¢onditiOnS thaL individuaIly w collectively. may cBst sigDifitant dollbt on tbc c]Jaritable compaD3ls ability to tontiolle as a goittg tontem for ap¢riod of at l¢Asttwelve ]Jxinth frorL th¢ frwial$tar¢tt￿ are aUtI￿eLIforISS1le. Our responsibilities athlthe resp0tssibilit￿s 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 t￿re&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¢rI￿Y ￿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$5t2tement of thi5 other itiftirm8tio￿We 8re reffjjs￿t0 wort that facL We hlve uotbillg tts twrt ill tbi5 r¢gar OpitsloD$ other matters preserlbed by the Companies Act 21106 tn 0￿0p]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[rnTrir￿ttts. Page 16 D￿sign Enveknpe ID.. 05E050B2-746E4B3A-B938-57EB41ADC018 EPORT OF THE IfADEPENDENT A￿D￿oRs TO THE MEMBERS OF Matters on iylhtcbive are r￿thd to ryortby ex¢eptlon Ju the ligbt of the knowledge and undustallding of th¢ Charitable compaoy alld its enV￿On￿￿t obtsi￿a 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 I￿ad4 or bave nOt￿re1Ved all thc ttjforrnatiollard explanatioJ8 w¢ rwirc forout audi(. or Stratew Report or iuprepariti8 th¢ Report ofikn Trustea. R¢SPODslblllties of tyste¢¥ As exp14iry¢d ll￿re fully iti th¢ Statement of Tn58É¢es' Rwibilitw. the tnL8tee4 (vtsi aTr a]$0 the directors of the cbaritabl¢ company for th¢ P￿p￿se￿ of wnpany lawl ar¢ r￿￿7)k for the preparati￿ of tlw fjtiwi&i stht¢mts)ts and for be&ug satisfied tbat they give altlle and fair view, a￿1 foz su¢h illternatwntrol as th¢ trustees detern￿ 15 n£¢e5saryto ￿bI the pw8ration of fil￿ncIal S￿t￿llerAts that ar¢ free ftomnjaknial MI￿ Whet￿ due to tra￿] or etrw. lThpreparing th¢ statem¢nts, tbe trust¢e8 are respoLffl)k for4ssessing the cbaritabk coll￿0￿￿5 ability to ¢Olltinu¢ g8 a going coll¢ry disclosi￿ Ls applirable, watts￿ r¢laiYd to going concern and U5iDg the going concern basis of accoimting to ¢19 80. Page 17 D(xxJ*gn Ertvelope ID.. DSE050B2_746E483A-B93B-57EB41ADC01B REPORT OF THE ITrIDEPEDIDENf A[1D￿ORs TO Tt[& MEMBERS OF Our respo]￿A￿tteS forthe frf thethiaDcftal StateD￿ts Our objectives are to obtsirL rea80J8ble abjut whether the fll]8n¢tal 8tstenuits as a Ythole atr free from nlltetial Rcasonablc assur￿ is a lJig& level of 28guranc4 but is not a gu3raofye that aa auijit conthwted ill accorthce s5ryth ISAS (UK) will alwdyE detect a mthrial misS(at¢M￿ vkni it exists. Missiatep]ents w arise from fraud or cryor and conyidered nllterial i£ indiww or in the a￿e￿a￿ tbey conld reasonably be expected to iDfiuence the ecotionjic a￿1610￿5 ofusers lak¢J on thebasis of tI￿e Statements. The extotto Tihi¢h ollrpre¢edures are capable of detscting illeg]laTiti4 iocluding is detsiledbelow. We obtsined ofthe leg&1 8tsd ￿8￿tOryfia￿e￿k$ that 8tt applicable to th¢ company and detenDined tbat Ibe nM)St SI￿1fJC5llt are in acco￿￿ the Ftaanci81 RO￿l￿g Standard app]ic2bl¢ ill tbe UK (FRS 102) alld tbe ConJpaDies Act 2006. * We Eained an ll￿d¢￿tan￿g of I￿1 tbo ¢ompatty COD]pIied with its legal and r¢gu]8tory fr8mMI]4 illcludiDg the reqwretsjeth to property accouot for r￿leted Slllds, discTh8SiODS with DMuager£llt and a Teview of the docuE￿nt¢d * The audit * Twhich Is experie￿£d ity the audit of ¢ntiti&8. ¢orithd the ¢ornpsn￿S 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 adjust￿ents 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 deb￿￿￿t¢ wllccalnnit by. for exampk forgery or int¢ntioDal misr¢preselltatio]￿ or A fittber descEiption of our regp)nll￿iIitI¢s for the audit of tbe fiuallcial stateroth is ktated on the Finall¢ial RepoLtng Councll's website at FIV￿￿￿oI&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 reqth￿to state to tlwminall audito& report and for no other purpos& To tbe ffi￿est 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 ll￿6 ￿ abody, forow audit wort for this reprt or for the OPiDmEw¢bave forme DowSWby.' DBA5DQIA2EIMCF.. Jonath￿ SpurIing(Senior sta￿toryAlld1tor) for 2ndollb¢helfof Spwlin8 Canooa AuditLimtted 424 MargateRoad Westwood RarDsgate cr12 6SJ 04 December 2024 Date: ...................... Page 18 THA￿ETEARLyY￿4Ils 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[￿￿gac1￿5 1,640 700 2,34 951 Charitsble activities TtLe provision of preschool e(1￿10￿&1 s¢rvi¢¢8 70&049 19,848 727,897 597,720 tllvesttnent I￿0￿1£ 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 st￿teEt￿ts 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 (590) 14,044 5AIO Phonics teaching 726,591 (707.137) 19A54 Restrlcted funds Explorers EarlyY¢ats P￿il 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 20￿511 (3,372) 17,178 TOTAL FUNDS 747,141 1710509) 36,632 Page 28 THANET EARLYYEARS PROJEcr NOTES TO TKE FINANc￿L 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 Fu￿1 93 12,317 (4.859) 7,458 TOTAL VUNDS 604,068 (568.634) 35.434 Page 29 N(YfES TO THE FINANCIAL STATE￿IEN￿￿- conthilled FOR THE YEAR ETr4DED 31 JULY 2024 16. MOVEMENf IN FUNDS. eotttlllued A owr¢ntyear 12 and￿lorYegr 12 rnollth8 combinedposition 1$ ￿ follows: Net I￿vement 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 P￿11 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 Expl￿r$ EarlyYeArs Pupil Premiutn Hand in Hand Earlyyears Pl￿11 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