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← Child Dynamix

2024-03-31-accounts

Charity Registration No. 1109642

Company Registration No. 05389477 (England and Wales)

CHILD DYNAMIX

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

72 Lairgate Beverley East Yorkshire United Kingdom HU17 8EU

CHILD DYNAMIX

CONTENTS

Page
Company information 1
Trustees' report 2 - 12
Statement of trustees' responsibilities 13
Independent auditor's report 14 - 17
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Notes to the financial statements 21 - 38

CHILD DYNAMIX

COMPANY INFORMATION

Trustees J Boyd
B A Bradley
Mr S B Ford (Appointed 26 September
2024)
G E Coyle (Appointed 22 October 2024)
Senior management L Darnell Head of HR and Finance
N Clark Head of childcare
A Wheal Children & fanily services
manager
Charity number 1109642
Company number 05389477
Registered office 95 Preston Road
Hull
East Yorkshire
United Kingdom
HU9 3QB
Auditor TC Group
72 Lairgate
Beverley
East Yorkshire
United Kingdom
HU17 8EU
Solicitors Rollits LLP
Citadel House
58 High Street
Hull
East Yorkshire
United KIngdom
HU1 1QE

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities Objectives and aims

The Objects for which the Company is established are to promote social regeneration by providing relief in particular but not exclusively to children, young people and their families who are resident or employed across the Humber Sub-Region who have need because of age, mental or physical disability, poverty or addiction. In particular, but not so as to limit the generality of the foregoing, to provide combinations of early years’ education, play work, youth work, community sports, family support and health advice, learning and employment services.

The vision and purpose

Our vision is: Communities where children and young people thrive.

Our purpose is: To create environments and deliver activities which enable children and young people to identify and realise both their aspirations and their potential.

How our activities deliver public benefit:

Our main activities are described below and focus on the objectives for which Child Dynamix was created in 2005, including changes to these objectives in 2014. The services provided to children, young people and their families are for the most part free and all are open and accessible to all. Where there are fees to be charged there are opportunities for those unable to afford these fees to access the service via other funding streams i.e., local authority/social services, two-year-old funding and early years education grants. In addition to this, the charity receives pupil premium for children in need within its Childcare settings. The trustees considered the Charity Commissions guidance on public benefit when planning and developing the charity’s activities at all its meetings. For specific activities, funding is sought in partnership with the young person or group to enable them to achieve their aspirations. The Corporate Social Responsibility policy is embedded across the charity and explains the way in which the charity supports other small community organisations and takes a responsible approach to the environment.

Who used and benefited from our services:

Community Day Nurseries:

Child Dynamix has three day nurseries, two in East Hull (CDCN Preston Road and CDCN Savoy Road) and one in West Hull (CDCN Boulevard). We know our day nurseries play a critical role in the learning and development of the youngest children and we aim to offer the finest provision by providing stimulating learning environments for the children who attend. We also know the importance of quality day care to enable families to access employment and learning opportunities. We aim to provide a flexible approach to meet the needs of children and their families.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Our nursery teams regularly monitor and assess children’s learning and development to ensure we offer an early intervention and provide the right level of support to all our children and their families. Analysis of those assessments demonstrates increasing concern of children’s communication and how this can impact their learning. In response, we have implemented several approaches including Stories for Talking, and increased staff training in communication strategies to help address this issue, in particular to support children whilst waiting for a specialist service.

Recruiting staff during this past 12 months has been a significant challenge that has affected all three settings. We had relied heavily on agency staff to maintain our legal adult to child numbers throughout the year. The recruitment of nursery practitioners is a national crisis and proving to be an ongoing issue for the profession. We are pleased to see the Governments increased focus on early years including broadening the eligibility for free childcare, however, the issues around recruitment, retention and qualifications for practitioners creates concerns as to how the increased demand can be met.

We are currently offering as many opportunities for student placements as possible in a hope this will help ease our recruitment issues by being able to recruit them once they qualify to our teams. We continue to offer placement opportunities for students from the local colleges including the T-Level and transition T-Level Programme in Education and Childcare. We have successfully recruited other apprentices who will complete their Early Years Qualification whilst working on the job. We want to continue to develop and encourage more people to enter the profession and it is our intention to offer apprenticeships on a rolling basis. We want to see closer working relationships with all providers in the coming months to support the Early Years Sector. 4 staff are currently working towards the National Professional Qualification in Early Years leadership (NPQEYL) and will sit an assessment for this award in October 2024.

During this financial year we received grants from the Ward Budget and Crime prevention budget for the St Andrews ward to install new security shutters at the Boulevard site.

Across April 2023 – March 2024, there were 322 children on roll across our nurseries. Of those 322 children, 25 were receiving additional support funding, with a further 41 children experiencing some other learning difficulty or development delay. This means 20% of children attending our settings had some kind of special educational need or disability. We supported 35 families to access 30-hour funding, enabling them to increase childcare to meet their needs.

Children and Family Services:

Children and Family Services consists of two key and consistent elements; Little Stars Children Centre, which had recently been rebranded into Little Stars Family Hub, and our Youth Service based at The Hut Youth Centre. Both of these services are part of Hulls Early Help offer to support Children, Young People and their Families and deliver a range of services and support. We also have various additional projects that enhance this key delivery and over the course of this year has included Bump to Baby and Beyond and our National Citizenship Service funded project that supports young people into employment, education or training.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Little Stars Family Hub sits in the Early Help provision within the East Locality in the city of Hull. The team provides targeted family support and a range of services for local families including parenting support, understanding children’s behaviour with courses to help with parenting, child safety, infant feeding, budgeting, cooking and providing healthy meals, help to access early education funded nursery places and promoting parents understanding of early childhood development. The team provides regular stay and play sessions, creating a language-rich and stimulating environment in which children and their parents/carers can come together. The nature of the service means team members work closely with professionals from other agencies including schools and children’s social care, as well as local charities and voluntary organisations. This approach ensures children and families receive the level of support they need to make lasting change and get the help they need quickly. 2023 saw Children Centres across the city transformed and relaunched as Family Hub, Family Hubs have a focus on the childs first 1001 days, infant mental health and the parent/infant relationship.

Bump to Baby and Beyond enhances the Family Hub offer. The project is now in its sixth year, it was originally funded through the Sylvia Adams Charitable Trust and is currently funded by Henry Smith Charitable Trust. The project provides a member of staff dedicated to supporting expectant mothers and their families until the baby is 18 months old. The project aims to work with 20 families per year.

Our Youth Service is commissioned by Hull City Council and is delivered in partnership with Maximum Life Youth Project, and St. Stephens Neighbourhood Centre. The partnership delivers across East Hull using venues in Preston Road, Greatfield, Ings and Longhill Estate. The Child Dynamix Youth team work from The Hut Youth Centre where we provide a range of services for the community and young people and continue to utilise the fantastic facilities the building offers. The teaching kitchen with rise and fall worktops and accessible cooker, IT suite, dance and craft rooms have been used for individual and group session by the team, and by local groups who hire the spaces to deliver their projects. More broadly, the youth team provide a range of services including one to one support, small group work and larger sessions with as many as 40 young people on a Friday night. The team provides a range of activities for young people including music, sport, cooking, arts and crafts, and participates in annual events such as the Humber Night Challenge and Lifestyle. The team sourced additional funds to support its delivery from: Clarion Futures, Humberside PCC and Street Games. The team extend their delivery to other community venues including Eastmount Recreation Centre, Shelley Avenue Sports Pavilion and local parks and green spaces.

After the success of our Green Influencer scheme, from 2024 Child Dynamix will host a Blue Mentor to develop our Blue Influencer scheme. The scheme aims to remove barriers to accessing the outdoors, whilst helping young people create deep, lasting and meaningful connections to the natural environment via their local coasts and rivers by giving them a voice to make change in their community. The scheme is funded by the Ernest Cook Trust and allows us to work with children, aged 10 to 14 years old, from youth centres and schools across Hull.

With funding from NCS (National Citizenship Service) we formed a partnership with Rewilding Youth and Probe Hull to offer a series of 12 week programmes full of exciting experiences and opportunities to support 16 and 17 year olds in their journey back into a form of Education, Employment or Training that suits them. The project supports young people to build in confidence, get on the right track to achieve their aspirations and recognise their own potential. This has been a great addition to our existing youth offer and allows us to work with young people from across Hull.

Across April 2023 – March 2024 the Children and Family services teams worked with 2298 children and young people and 1167 adults.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Surveys

and

feedback

We regularly carry out stakeholder surveys, evaluations and seek feedback to help us understand the impact the charity has had,

Surveys

and feedback – day nurseries

Our day nurseries conduct an annual Parent Satisfaction Survey to help shape our nursery offer and ensure we continue to meet the needs of our local families.

These are some comments received through the survey from parents:

Child Dynamix Community Nursery Savoy Road:

“All the nursery staff are lovely and friendly. I feel my child is well looked after and is happy within the setting. As a full time medical student I don’t get to do a lot of drop offs or pickups and I’m constantly kept updated about his day which I really appreciate”

“Really supportive staff when we’ve needed the support. Updated on Parenta. Children always come out telling me they’ve done a variety of activities throughout the week”

“I feel we have always been supported by the nursery, from his very first session. I’m so proud of the kind intelligent little boy I have and it’s not without the help of the nursery and the practitioners that guide him and teach him. He has a passion for learning, and the nursery has supported this massively. I cannot thank the team enough”

Nursery parent feedback – Parent Satisfaction Survey – Child Dynamix Community Nursery Savoy Road

Child Dynamix Community Nursery Preston Road:

“My child is happy and settled in nursery. They enjoy each day. I am confident in the staff there. They are very helpful and supportive. The communication is great”

“Very friendly place, the team is extremely helpful.

“The level of support that me and my child are given is outstanding. My child has come on leaps and bounds during his duration at the nursery and I have nothing but amazing things to say about all members of staff.”

Nursery parent feedback – Parent Satisfaction Survey – Child Dynamix Community Nursery Preston Road

Child Dynamix Community Nursery Boulevard:

“D really enjoys nursery. I find all the staff professional and kind. I can tell nursery has had a positive influence on her development”

“I am a very anxious parent, but the staff have gone out their way to support me and I through her big transition to nursery. Thank you very much

“The nursery is safe and welcoming. The staff have excellent relationships with the children and cater to their needs, my daughter is able to communicate extremely well but she has some big emotions and I feel like the staff fully understand and support her. I always feel welcome and nothing it ever two much trouble. My daughter is hitting all her milestones and her learning is coming on leaps and bounds and a lot of this falls down to the amazing staff and management.”

Nursery parent feedback – Parent Satisfaction Survey – Child Dynamix Community Nursery Boulevard

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Surveys and feedback – youth services

Young people provide feedback through annual surveys, at the end of a project or one to one support, and perhaps most regular in conversations as part of the activities they are involved with providing in the moment views and opinions. The youth team apply each year for the Investing in Children Award. The award gives national recognition for actively including children and young people in dialogue that results in change. Here is some of the feedback gained through the assessment:

“When we talk to them about something they always listen and do what they can”.

“It’s helping me”.

“I went to Paul and I said that I needed to talk and Paul suggested getting 1:1 support”.

“Caring!”

“Something to do”.

“They look after us”.

“They make sure they do everything they can to help us”.

Lifestyle Project

“We’ve enjoyed everything about this project, especially the painting and planting. We wanted to make a nice garden where people can plant and grow flowers and vegetables and fruit. We made a plan to make sure that even people in wheelchairs can get involved too”

“It made us really excited to get donations of plants and seeds to help our project and it made us feel really supported. Now it’s finished we will continue to look after it – thank you for this experience” Garden Rescuers Lifestyle Award 2023

– Surveys and feedback family support

There are a number of ways in which our children, parents and their wider family members share their views of services delivered by the Family Support team. This includes comments and feedback given directly to a member of staff, through surveys or evaluations at the end of a programme or course, social media and through activities they have participated in.

“ Your summer trips are great. I wouldn’t be able to take the children on a beach trip if you didn’t arrange it and support me .”

“Good range of things to do both indoors and outdoors”

“All organised for us great day out Plus with friends from session”

Feedback from a parent that attended a summer trip (2023)

“ Attending this session and having a support network has helped me to breastfeed for longer, I would have given up without support”

Feedback breastfeeding support group

“ Our little one loved it today – thank you .”

Comment from Facebook about the sensory room at Little Stars Family Hub.

“ Reception staff and friendly and welcoming ”

Taken from Mystery Shopper Report

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Volunteering at Child Dynamix:

Since the end of the Parent Mentor Project, the number of hours volunteers have offered has significantly reduced. We have seen fewer people coming forward to volunteer mirroring issues across the city. However, we have seen areas of volunteering grow over the year including in our Youth Service. We recognise that some people are not ready for a regular volunteering commitment. We have looked to identify more ways to lend a hand in the hope of engaging our service users and developing grassroots opportunities into something more regular and formal. We recognise the benefits both for the individual and to Child Dynamix in offering regular volunteering opportunities. This year volunteers offered over 100 hours of their time.

Charity events and fundraising:

Following on from the success of 2022 the charity entered the Hull 10k and Hull Half marathon again in 2023. We had 22 runners taking part across both events, with people from the local community and our charity friends and local business Spectrum IT.

Rix and Spectrum IT returned as event sponsors, and new this year another Hull business - Scribes Design and Print, each securing a logo on the Child Dynamix shirts which are provided as an incentive to the runners. The event raised over £600.

In December, we held our annual staff away day aiming to bring our teams together to celebrate our work and have some relaxed time together. The previous year saw us reignite our staff awards highlighting the hard work and dedication of employees across the charity. This year we focussed on length of service and commitment to the charity. With over 50% of the workforce having 5 or more years of service it was a real celebration of the commitment we see from our employees.

Investment performance

Under the Articles of Association, the charity has the power to invest in any way the trustees wish.

Financial review

It has been an extremely challenging year with the cost-of-living crisis affecting all our services specifically in terms of utility and food increases.

All nurseries have had recruitment issues over this period resulting in the need to use agency staff, with Boulevard nursery being particularly difficult to recruit to. This means we have had exceptional costs related to agency staff to ensure we met legal requirements for our adult to child ratios. Overall, the nurseries made a surplus, although lower than projected.

We have carefully managed the financial year, with additional unrestricted funds and reduction of other costs leading to a closing balance almost as predicted at the start of the year.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Reserves policy

Child Dynamix’s reserves stand at £636,658 of this figure £581,020 are unrestricted reserves and £55,638 are restricted reserves. A breakdown of the £55,8638 restricted fund balances carried forward is shown in note 21 on page 34.

The Trustees of Child Dynamix aim to secure a cash reserve of £230,000, which represents 40% of the Charity’s average turnover (10 years). Close monitoring of the reserves is essential in helping us meet the demands of our strategic plan over the next three to five years. The target reserves amount of £230,000 has been calculated based on continuity planning, taking account of the Charity’s liabilities. This reserve also provides the Charity’s cash flow.

First and foremost, the Charity needs reserves to provide working capital to support its day-to-day operations, which is vital when waiting for invoices to be paid. Some contracts can be paid in arrears, leaving the Charity to cover general revenue costs for up to two months. Furthermore, many new funding streams are issued on a payment by results basis, which might split funding by as much as 50% which also then requires the Charity to hold funds to cover the full costs until final payment is made. The Charity Trustees would also consider proposals from the Charity’s Officers to create seed funding for development of new vital services, and finally the Trustees may be asked to consider extending individual or team contracts for interim periods of no more than 3 months to bridge gaps where new funding has been secured but a gap is created between funding streams.

The Trustees have provision for the appointment of a Finance Trustee who, within the Articles of Association (reviewed 2022) has responsibility for monitoring and reviewing the agreed steps the charity has taken to establish and/or maintain the reserves and for any proposals for using reserves. The responsibility, should the Charity face closure, will impact on the whole Trustee group, including the Finance Trustee, who would work with the Chief Executive Officer and senior leadership team.

The level of reserves which has been set by the Trustees (see above) is, where possible, grown through our Social Enterprise activities, which have three-to-five-year financial plans. The reserves development and maintenance form part of the general management accounting the Charity undertakes weekly, monthly and quarterly at differing levels. The Head of Finance and Human Resources creates “actual to projected” reports on a quarterly basis to the Finance committee and then on to the Board.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Future plans

As a social regeneration charity, Child Dynamix recognises the importance of the whole family in relation to the outcomes for children and young people. Our themes of work - early years and childcare, family support and services for children and young people - offer both universal and targeted support. Levels and intensity of support differ depending on the presenting needs, but we recognise the many strengths children, young people and their families have. We see these as a positive starting point to enable people to make long lasting change with support from our staff and volunteers.

We were pleased to see Government focus on early years and education in the 2023 Spring Budget, a recognition at least that reform is needed. We are clear that Child Dynamix has significant knowledge and skill in providing childcare and education and see childcare as an area of growth in the coming period. To do so, we must address the challenges in recruitment and retention and are working closely with Hull Training and Adult Education, alongside other providers to address issues in the early years workforce.

We continue to grapple with the reducing number of grants to apply to and the increasing competition for the remaining opportunities. It is a real challenge to find funds which reflect the work Child Dynamix delivers to meet the needs of our service users and local communities. Our focus in the coming year will be on expanding our family support, play and sport services.

Structure, governance and management

Governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a company limited by guarantee, as defined by the Companies Act 2006.

The company was incorporated on 11[th] March 2005.

The trustees, who are also the directors for the purpose of company law, who served during the year and up to the date of signature of the financial statements were:

J Boyd B A Bradley G E Coyle (Resigned 20 August 2024) P D Duffield (Resigned 31 May 2023) P M Perera (Resigned 31 January 2024) K Sturdy (Resigned 31 January 2024) Mrs S Scott (Appointed 15 November 2023 and resigned 31 January 2024) Mr G J Morgan (Appointed 1 November 2023 and resigned 30 June 2024) Mr S B Ford (Appointed 26 September 2024) G E Coyle (Appointed 22 October 2024)

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Recruitment and appointment of new trustees

The Trustees shall have power at any time to appoint any person to be a Trustee but so that the total number of Trustees shall not exceed the number determined under Article 34. Every Trustee shall be appointed for a term of three years unless agreed otherwise by the Trustees at the time of their appointment. A Trustee due to retire may, with the approval of a majority of the Trustees, stand for re-appointment for a second term so that Trustees may, if re-appointed, serve two consecutive terms. The Trustees may resolve by majority that because of exceptional circumstances a Trustee may hold office for a third term. The Trustees may resolve by majority that because of exceptional circumstances a Trustee may hold office for such further terms that are deemed to be in the Charity's best interests. The Trustees may make such rules pursuant to these Articles as they see fit from time to time with regard to the procedure for the appointment and reappointment of Trustees pursuant to this Article.

Governance Structure

The Trustees held five meetings during 2023 – 2024, including the annual general meeting in September. The board has delegated the day-to-day operations to the Senior Management Team made up of the CEO, the Head of Finance & HR, the Head of Childcare and the Children & Family Services Manager. These job roles are externally reviewed, evaluated and benchmarked to similar sector positions.

During the year, a review of the governance structure resulted in a change to the quarterly committees. A HR and Finance committee is now held held prior to full board which all Trustees are invited. A further meeting, namely Planning and Performance is planned quarterly with department managers to which Trustees are invited to attend and replaces the former HR & Scrutiny Committee.

The Health and Safety internal audit of each of the charity’s premises took place from March to May 2022. In response to the shift to living with Covid, Health and Safety practices were reviewed throughout the year in response to national and local guidance and restrictions.

Induction and training of new trustees

The charity has a comprehensive induction pack for new Trustees (The Trustee Handbook). This Handbook includes role descriptions, conflict of interest, and code of conduct, the Articles and policies including finance and reserves. All Trustees of the charity complete the volunteer recruitment process, which includes a DBS enhanced check and undertake safeguarding training. Induction meetings are held with the Chief Executive and/or Chair of the Board prior to the first Board meeting attended. Trustees are encouraged to attend seminars and conferences on Charity law and governance issues when they are able. Information from these events is shared at subsequent board meetings.

Risk management

Child Dynamix holds a risk register; the register considers financial, reputational and operational risks to the charity and is agreed with the Board annually. The charity has systems and controls in place to manage the exposure to its significant risks. The risk register is referred to and updated if required in each Board meeting. In addition to this, the charity uses risk analysis at a project and service level.

Auditor

The auditor, TC Group, will be proposed for re-appointment at the forthcoming Annual General Meeting.

CHILD DYNAMIX

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees' report was approved by the Board of Trustees.

B A Bradley

Trustee Dated: 10 December 2024

CHILD DYNAMIX

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees, who are also the directors of Child Dynamix for the purpose of company law, are responsible for preparing the Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF CHILD DYNAMIX

Opinion

We have audited the financial statements of Child Dynamix (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CHILD DYNAMIX

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CHILD DYNAMIX

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including Fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

CHILD DYNAMIX

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CHILD DYNAMIX

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council's website as: https:// www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Todd FCA (Senior Statutory Auditor) for and on behalf of TC Group

Statutory Auditor

Office: Beverley

12 December 2024

TC Group is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006

CHILD DYNAMIX

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
2024
Notes
£
Income and endowments from:
Donations and legacies
3
3,149
Charitable activities
4
1,656,059
Other trading activities
5
350
Other income
6
5,000
Total income
1,664,558
Expenditure on:
Charitable activities
7
1,833,006
Other expenditure
12
15,757
Total expenditure
1,848,763
Net income/(expenditure)
(184,205)
Transfers between
funds
33,821
Net movement in
funds
9
(150,384)
Reconciliation of funds:
Fund balances at 1 April 2023
731,404
Fund balances at 31 March
2024
581,020		 Restricted
funds
2024
£
-
165,269
-
-
165,269
115,333
-
115,333
49,936
(33,821)
16,115
39,523
55,638		 Total
Unrestricted
funds
2024
2023
£
£
3,149
4,426
1,821,328
1,564,615
350
432
5,000
5,000
1,829,827
1,574,473
1,948,339
1,648,965
15,757
14,302
1,964,096
1,663,267
(134,269)
(88,794)
-
(2,239)
(134,269)
(91,033)
770,927
822,437
636,658
731,404		 Restricted
funds
2023
£
-
95,741
-
-
95,741
109,639
-
109,639
(13,898)
2,239
(11,659)
51,182
39,523		 Total
2023
£
4,426
1,660,356
432
5,000
1,670,214
1,758,604
14,302
1,772,906
(102,692)
-
(102,692)
873,619
770,927

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CHILD DYNAMIX

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
19
Net assets
Income funds
Restricted funds
21
Unrestricted funds		 2024
£
£
601,485
10
601,495
55,132
258,033
313,165
(63,806)
249,359
850,854
(214,196)
636,658
55,638
581,020
636,658		 2023
£
£
633,973
10
633,983
23,153
387,759
410,912
(52,961)
357,951
991,934
(221,007)
770,927
39,523
731,404
770,927

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 10 December 2024

B A Bradley

Trustee

Company Registration No. 05389477

CHILD DYNAMIX

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash absorbed by operations
28
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
(123,435)
-
(6,291)
(6,291)
(129,726)
387,759
258,033		 2023
£
£
(105,835)
-
(5,908)
(5,908)
(111,743)
499,502
387,759

FOR THE YEAR ENDED 31 MARCH 2024

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

Charity information

Child Dynamix is a private company limited by guarantee incorporated in England and Wales. The registered office is 95 Preston Road, Hull, East Yorkshire, HU9 3QB, United Kingdom.

The Charity is a company limited by guarantee and has no share capital. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

1.1 Accounting convention

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.

1.4 Income

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Leasehold land and buildings over the period of the lease Fixtures and fittings 50% on cost, 25% on cost and 20% on cost Motor vehicles 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are measured at cost.

A subsidiary is an entity controlled by the charitable company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

FOR THE YEAR ENDED 31 MARCH 2024

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Useful life of fixed assets

The charitable company estimates the useful economic lives of fixed assets based in the expected period of use of the asset in operating the charitable company.

Carrying value of freehold property

The charitable company owns one property and this is stated at cost with depreciation being charged based on the useful economic life of the asset. The trustees review the carrying value of the property on an annual basis, in light of the condition of the property and the operating performance of the nursery.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 3,149 4,426

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

Childcare
Commissioning services
Grants
Commercial income
Analysis by fund
Unrestricted funds
Restricted funds
For the year ended 31 March 2023
Unrestricted funds
Restricted funds		 Childcare Youth, Sport and
Play
Children & Young
People activities
2024
2024
2024
£
£
£
1,105,387
-
-
-
218,291
275,698
-
182,708
14,988
24,256
-
-
1,129,643
400,999
290,686
1,129,643
250,718
275,698
-
150,281
14,988
1,129,643
400,999
290,686
1,075,493
263,169
225,953
-
72,178
23,563
1,075,493
335,347
249,516		 Total
2024
£
1,105,387
493,989
197,696
24,256
1,821,328
1,656,059
165,269
1,821,328		 Total
2023
£
1,043,611
460,664
124,199
31,882
1,660,356
1,564,615
95,741
1,660,356
1,564,615
95,741
1,660,356

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Charitable activities
Grants Received included in the above are as follows:
Henry Smith
Erasmus
Whats your Game
Youth Music
Youth Dynamix
Sport Awards for All
Two Ridings
East Riding Charitable Trust
NCS
Ernest Cook
Other		 -
-
-
-
-
-
-
-
-
-
-
-		 30,397
-
8,945
-
13,831
9,652
-
-
119,883
-
-
182,708		 -
-
-
-
-
-
-
-
-
14,988
-
14,988		 (Continued)
30,397
29,939
-
23,572
8,945
34,499
-
3,477
13,831
19,410
9,652
3,006
-
1,983
-
2,500
119,883
2,000
14,988
15,938
-
72,829
197,696
124,199		 (Continued)
30,397
29,939
-
23,572
8,945
34,499
-
3,477
13,831
19,410
9,652
3,006
-
1,983
-
2,500
119,883
2,000
14,988
15,938
-
72,829
197,696
124,199
124,199

4 Charitable activities

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising events 350 432
Other income
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other income 5,000 5,000

6 Other income

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Charitable activities

Staff costs
Depreciation and
impairment
Rent of building
Rates and water
Insurance
Light and heat
Telephone and internet
Postage and stationery
Sundries
Food
Equipment
Computer expenses
Repairs and renewals
Cleaning and refuse
Training
Courses and conferences
Other charitable
expenditure
Share of support costs (see
note 8)
Share of governance costs
(see note 8)
Analysis by fund
Unrestricted funds
Restricted funds		 Childcare Youth, Sport
and Play
Children &
Young People
activities
Core support
2024
2024
2024
2024
£
£
£
£
825,761
143,882
228,201
190,275
1,032
1,660
1,813
27,983
65,897
3,000
-
-
3,390
1,230
5,074
-
-
-
1,622
10,174
28,827
15,913
10,161
-
4,769
2,159
8,814
140
5,460
3,220
6,777
532
1,149
1,063
76
10,644
11,668
-
-
-
-
-
-
-
2,160
864
-
19,255
11,141
5,706
27,102
4,570
15,298
12,985
31,048
-
-
-
-
-
3,457
6,135
1,047
-
13,878
99,884
14,075
13,670
993,887
297,701
335,810
277,243
660
-
-
30,474
-
-
-
12,564
994,547
297,701
335,810
320,281
994,547
244,379
273,799
320,281
-
53,322
62,011
-
994,547
297,701
335,810
320,281		 Total
2024
£
1,388,119
32,488
68,897
9,694
11,796
54,901
15,882
15,989
12,932
11,668
-
22,279
48,519
59,331
-
10,639
141,507
1,904,641
31,134
12,564
1,948,339
1,833,006
115,333
1,948,339		 Total
2023
£
1,194,367
34,897
68,738
9,235
10,038
36,325
12,371
14,483
15,181
10,477
390
22,959
46,241
55,392
88,864
1,546
116,310
1,737,814
13,070
7,720
1,758,604
1,648,965
109,639
1,758,604

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7
Charitable activities
For the year ended 31 March 2023
Unrestricted funds
884,019
Restricted funds
-
884,019		 230,663
58,169
288,832		 237,517
51,470
288,987		 (Continued)
296,766
1,648,965
-
109,639
296,766
1,758,604		 (Continued)
296,766
1,648,965
-
109,639
296,766
1,758,604
1,758,604

8 Support costs allocated to activities

Legal fees
Management and administration
Governance costs
Analysed between:
Childcare
Children and young people activities
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets		 2024
£
30,474
660
12,564
43,698
660
43,038
43,698
2024
£
12,564
32,488		 2023
£
12,410
660
7,720
20,790
660
20,130
20,790
2023
£
7,720
34,897

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

11 Employees

The average monthly number of employees during the year was:

Administration
Managers
Other
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
10
9
46
65
2024
£
1,262,936
85,579
39,604
1,388,119		 2023
Number
10
9
42
61
2023
£
1,080,279
78,369
35,719
1,194,367

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

12 Other

Unrestricted
funds
2024
Financing costs
15,757
15,757		 Total
2023
£
14,302
14,302

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings
Leasehold land
and buildings
£
£
Cost
At 1 April 2023
351,480
394,114
At 31 March 2024
351,480
394,114
Depreciation and impairment
At 1 April 2023
42,191
83,442
Depreciation charged in the year
7,032
17,144
At 31 March 2024
49,223
100,586
Carrying amount
At 31 March 2024
302,257
293,528
At 31 March 2023
309,289
310,672		 Fixtures and
fittings
Motor vehicles
£
£
302,029
38,426
302,029
38,426
289,272
37,171
7,998
314
297,270
37,485
4,759
941
12,757
1,255		 Total
£
1,086,049
1,086,049
452,076
32,488
484,564
601,485
633,973

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

15
Fixed asset investments
Cost or valuation
At 1 April 2023 & 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
Other investments comprise:
Notes
Investments in subsidiaries
27
16
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Other
investments
10
10
10
2024
2023
£
£
10
10
2024
2023
£
£
20,337
19,262
20,000
-
14,795
3,891
55,132
23,153		 Other
investments
10
10
10
2024
2023
£
£
10
10
2024
2023
£
£
20,337
19,262
20,000
-
14,795
3,891
55,132
23,153
10
10
2023
£
10
2023
£
19,262
-
3,891
23,153

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

17
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments
The loan is secured against the property and is repayable over 25 years at an interest
18
Creditors: amounts falling due within one year
Notes
Bank loans
17
Other creditors
Accruals and deferred income
19
Creditors: amounts falling due after more than one year
Notes
Bank loans
17
20
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
221,019
6,823
214,196
181,736
rate of 7%.
2024
£
6,823
5,483
51,500
63,806
2024
£
214,196
2024
£
39,604		 2023
£
227,310
6,303
221,007
190,742
2023
£
6,303
2,832
43,826
52,961
2023
£
221,007
2023
£
35,719

FOR THE YEAR ENDED 31 MARCH 2024

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

20 Retirement benefit schemes

(Continued)

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

21 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Sleep Easy 2,748 - - (2,748) -
Children in Need 2,978 - - (2,978) -
Henry Smith Fund - 30,397 (33,530) 3,133 -
Hut + 30,857 - (260) (30,597) -
The Sylvia Adams Charitable
Trust - - (65) 65 -
Postcode Community Trust 696 - - (696) -
Ernest Cook 2,244 14,988 (12,525) - 4,707
National Citizenship Service - 119,884 (68,953) - 50,931
39,523 165,269 (115,333) (33,821) 55,638
Previous year: At 1 April 2022 Incoming Resources Transfers At 31 March
resources expended 2023
£ £ £ £ £
Sleep Easy 2,748 - - - 2,748
Children in Need 2,978 - - - 2,978
Henry Smith Fund - 29,939 (32,178) 2,239 -
Hut + 33,047 - (2,190) - 30,857
Whats Your Game 6,352 18,668 (25,020) - -
Postcode Community Trust 696 - - - 696
National Lottery Grant 5,361 - (5,361) - -
Ernest Cook - 47,134 (44,890) - 2,244
51,182 95,741 109,639 2,239 39,523

FOR THE YEAR ENDED 31 MARCH 2024

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

21 Restricted funds

(Continued)

Henry Smith Fund - This is funding enabling us to continue our ‘Bump to Baby and Beyond’ project that supports families at the very earliest opportunity engaging with parents in the third trimester of pregnancy. The project offers intensive support to ensure parents are well prepared for their parenting journey.

Hut+ - This is funding was obtained to extend and refurbish our youth centre on the Preston Road Estate. As the funding has been fully expensed the balance on the fund has been transferred to unrestricted reserves.

National Citizenship Service - This is funding enabling us to deliver our 'META' programme. The programme is for young people aged 16 & 17 who are not in employment, education or training and aim to raise confidence, aspiration and ultimately support young people onto their next steps. We are in a partnership with Rewilding Youth (CIC) and Probe Limited to deliver this work.

Funding from Ernest Cook along with a grant from the Police and Crime Commissioners Community Safety Fund allows us to employ a full time Nature Ranger. Ernest Cook fund the ‘Blue Influencer’ element of the role, the Blue Influencer will work with young people aged 10 – 14 years old, in schools and youth centres across Hull. The scheme helps young people impact the environment through social action projects that benefit their communities, whilst helping them to create lasting and meaningful connection to nature. The Community Safety Fund allows our Nature Ranger to offer sessions to young people aged 8 – 13 years, engaging them in environmental projects which aim to engage young people into centre based activities at an earlier age leading to better relationships and sustained engagement through adolescence.

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 April 2023
£
731,404
April 2022
£
822,437		 Incoming
resources
Resources
expended
£
£
1,664,558
(1,848,763)
Incoming
resources
Resources
expended
£
£
1,574,473
(1,663,267)		 Transfers
At 31 March
2024
£
£
33,821
581,020
Transfers
At 31 March
2023
£
£
(2,239)
731,404

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

23 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 601,485 - 601,485
Investments 10 - 10
Current assets/(liabilities) 193,721 55,638 249,359
Long term liabilities (214,196) - (214,196)
581,020 55,638 636,658
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 March 2023:
Tangible assets 592,115 41,858 633,973
Investments 10 - 10
Current assets/(liabilities) 360,286 (2,335) 357,951
Long term liabilities (221,007) - (221,007)
731,404 39,523 770,927

24 Operating lease commitments

Lessee

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2024
£
3,000
15,000
24,000
42,000		 2023
£
6,574
15,000
27,000
48,574

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

25
Capital commitments
Amounts contracted for but not provided in the financial statements:
Acquisition of property, plant and equipment
Acquisition of intangible assets		 2024
£
2024
£
2,000
83,000
85,000		 2023
£
2023
£
-
-
-

The charity has purchased the assets of Rainbow Nursery (Hull) Limited for a total consideration of £85,000. The purchase completed on 2 April 2024.

26 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

27 Subsidiaries

Details of the charitable company's subsidiaries at 31 March 2024 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Child Dynamix Trading 95 Preston Road,
Sale of donated goods		 Ordinary 100.00
Limited Hull, East
Yorkshire, HU9
3QB

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

Name of undertaking Profit/(Loss) Capital and
Reserves
£ £
Child Dynamix Trading
Limited - (24,835)

CHILD DYNAMIX

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

27 Subsidiaries

(Continued)

The intention was that the subsidiary gift aided its profits to the charity. The subsidiary has however suffered losses and has not made any gift aid payments to the charity.

The results of the subsidiary are not consolidated within these financial statements as the subsidiary is dormant and the results are considered to be immaterial.

28 Cash generated from operations 2024 2023
£ £
Deficit for the year (134,269) (102,692)
Adjustments for:
Depreciation and impairment of tangible fixed assets 32,488 34,897
Movements in working capital:
(Increase) in debtors (31,979) (56)
Increase/(decrease) in creditors 10,325 (37,984)
Cash absorbed by operations (123,435) (105,835)
29 Analysis of changes in net funds
At 1 April 2023 Cash flows At 31 March 2024
£ £ £
Cash at bank and in hand 387,759 (129,726) 258,033
Loans falling due within one year (6,303) (520) (6,823)
Loans falling due after more than one year (221,007) 6,811 (214,196)
160,449 (123,435) 37,014