Company rcgisiralion number.. 05392562 Charity registration number.. 1110941 North Tynies Childcare Limited (A company limited by guarantee) Annual Report and F inancial Sialements for th¢ Year Ended 31 March 2025 ACCA TYNE.REDE' North Tynics Childcai'e Limited Contents Refereiice &nd Adminislratii¢e Details Strat¢gi¢ Repoi 2to3 Tii]slees' Report Sialemenl orTn￿le¢S, Responsibililies Independent Examinerfs Report Sialemcnl of Financial Activiltes Balance Sheet Sto9 Notcs ro Ihe Finaticial SÉatemLntg IOto18 North Tynies Childcare Limited Reference and Administrative Details Trustees S J Barnes R C Moore S¢urctar)' C Hopkins Chxrity Regisfration N'umber 1110941 Company Registration Number Oi39256? The charity is incoTporaled in England and Wales. Bellingham Schools Site Rcdebinoutb lioad Bellinghain l.Iexham Nortl)umbei-land NE48 2EN Prinlllpal OffIce Indepindcnt Ei xaminer TyneRede Accountaiiry Ltd Lloyds Bank House Bellingham l.lexh1c m Northutnberland NE48 2AZ Bankei's Ullity Trnst Bank Nine Brindley Place 4 Oozells Square Binxintyham BI 2HB Page I North Tynies ChildcAre Limited Strategic Report for the Year Ended 31 March 2025 The iruslees: who are director% for the piirpose5 of coinpany14lW. preseni iheir ¥lralegic rei)ort for ihe year ended 31 March 2025, in compliance with $414C of the Con]panies Act 2006. Achi¢i'¢ments and performance North T￿]leS aTe pleased ivith financial activities for tIK ycai ending 31.03.2025 North T)'iiies income lias significantly incrLa5ed ihi5 is due to the cxpansion of frce ¢hildcare hovrs foi. -oJ'kAng familigs. from September 20?4. families and caitis have taken ad￿antage of rhis s¢liemL iii addirioii to tak-free ehildcare and hTorth Tynies are happy to support thi5 extra financial aid towdrds rcduLing LhildLai'c costs. I"he hourly fLinding awarded by Northiimbeiland County Council is sligbtly higher than our cliargeable fees for t130se Linder tbree. helping to offset the sliortfall in the funding rdles for preschool age children. We hove niaiiaged to k¢¢p our cbartreablc fccs as per Ihe Previous year. It is widely acknowledged that recruitmenr and retention are difficult. Tbis 15 further exacerbated by our ￿ra1 51tuation and the lack of adequate public trnnsport lll]ks, as well as the raisllig of ilie education leaving agr to eitshieen: whicli means Ive do noi have access 10 younts appreniiceships. Our rural location and the fact that il is a lower paid occupation. contribiite lo ihe lack of appeal 10 pr05peciive applicants. The impact of this is that we have found it necessary to adopl a ivaiting list procediiTe foi PTOSpeciive families a5 ive are univillincr lo ¢oi)Iproinise high qiiality deliiiery and ll)e well-being of our staff. The Govemmenl's roll-out of increased free childcarc hours froii) 15 to 30 hoiirs M"eekly as from Seplcinber 2025 is a mosl ivelcome ineeniive lor ivorking families, Ive are planning ahead i-egarding sta￿1n0 lo . ccommodale Ll)e extr<1 dern41nd, alivays considering ihe safety and education iviihin legal adultlcliildren raiios, and the abilil).- to mainiain a qualily provision end retain excellenl early years ptacliiionei's. Ive are committed lo investints in our staff to support ihcir personal and professional development. enabling them to access qliality CPD opportunities Expenditure We siipport the government's decision lo an aboTre inflaiion rise to the niiniii)urn hourly pay but Ihis th)es present mol'e payroll costs to a small business. as evident in the payroll expenses. Along ii'ith increases on all purcliascs associated with service delivery. has ￿¢￿t N'orth Tynies has becn very frngal ivhil¢ maintainiJ)g %tandards and quality. ￿eanIng we have to postpone capital expenditure. It is imperativ¢ in tlie Coming year that furlding is sourced for viral repairs to the building for the SULcessful Lontiiiuing liability and sustainability of the business. Norih 'fynies and our committnent to monitor Jnd ameDd income and expendiluTe. wlieTe necessary. lo ensure 'e will conliniie lo provide our essential and innovative services lo this area. We are and have always been focused on the long tem] sustainability of hlorth Tynics as a busincs5 and to provide an cnvirojiment ￿,here children thrive North Tynies Childcare Limited Strategic Report for the Year Ended 31 March 2025 Financial revieiv Pdlic} oil i'eseriJe5 Rescrves air i-equii'ed to bridcre the gap beiween spendino and income (o Ccirry out einergency repaiis and oili¢r expenditurc. Upon ilie inception of Norili Tynies Childcare Lid 'graiils in advaiice, were awai-ded lo address futui'e shortfalls due to the unpredictabl¢ nalure of ihe business. Tlie reserv&8 have been instruinenial in the continuation ofNorth Tynies Chi Idcarc Lid thus providing financial slability to susiain the h1tsh-qi￿I1lY dclivery of SLiTr iLes despite the Lun'enl econornic back.drop ajid oui rcliallce Oll local demograpliics. We Loiitliiue to aPDIy foi- graLlts to cnable continuincr repaii-s and renell'als from local and i￿tional sources. Iniyestllientpolicy uiid objeetiires Under the memoranduin alld articles of association. the charity has ihe power lo make ai)y iiiveslineiits whicli lrnstees see fit. The strateDic report Th'as approved by the Iruslees ofthc charity on ... . ......... S J Bames Ti'ustee Page 3 North Tynies Childcare Limited Trustees, Report The li'iistees. Ivho are directors for the purposes of company laiv, presenl the annual report togeiher iviih the financial slaleinenls of the chatitable company for the year ended 31 March 2025. Objectives 2nd activities Objects. aild ainis The objects of the Charity are: a) To advance the educ81ion of rhe childrcn and in particular those childrell beloiv compulsojy school age. b) By the promotion and provision of day Ca￿ facilities for such children M'hich stimulate their gromth and development through play. c) To advance Ihe educalion and development of children from prifflarily M"ithin the North Tyne and Redesdale rea. in partiCLilar by the proiiision ora coinprehensive childcare service oJTeriiig facililies for safe and satisfying play and to provide OT lo arrange for the provision of such ancillary faciliti¢s and activities as are consldered nccessary or desirable for the fulfilment of the objects. Structureg governanee and management rotui'e ofgovei'ning dociiiiienl Tlie OL-gtinisatAon is a charllable company limited by .ouarnniee, inco￿ordIed on 15 March 2005 and rcgFi51ercd as a cliarily on 15 March 2005. The coii)paDy iV8s cslabliihcd under a Memorandum of As50cialion, ￿hICh eSt￿blIs1]ed the objecls and powers of ihe charilablc company ic nd is ooverncd under il's Arlicles of Associ&lion. In ihe event of the company beino wound up meinbers a￿ required io conli'ibiilc an amounl not exceedin8 £1. Recruitiiienl diiil appoiiiÉiiieiit of triislees The Truslees of North Tynies Chtldcare Lid make up the Volunlary Manaoemeni Commiltee. The commillce comprises of school ieachers, siaff and children's parenislcarers. North "fynies C hildcare Ltd may by ordinary resolulion appoint a perbon ivho is ivilling lo act to be a Trustee. The annual report was approved by the trustees of the charity Dn ￿ . I i..Z42nd %tgned on ils belialf by: S J Barnes TrLislee Page 4 North T)'nics Childcare Limited Statement of Trustees, Responsibilittes Tl)e trustees (Ivho are also ihe direciors of North Tynies Childcare LTmited for ihe purposes of companv law) are responsible for preparing tlie trustees, report and the financial slalements in accordauce with the Uiiited Kingdoin .4ccountin&v Slandards (United Kingdom Generally Accepied Accoiinting PrJclTce) and applicable law ai)d regulatioi)s. Coinpany laiv reqiiires tlie inistees to pi'epai-e financial slalenicnts for eacli finlncial year. Under company lall. t12C trustees ni￿$[ not approve the financial slalcmcnts unless Ihey are salisficd ihai ii)ey oive a Iiue aiid fair view of tlie state of affaii's of the charitable con)pany and of ils incomino resources and application of resources, incliidiiig its incoine and expendilure, for ihai period. In preparing ihese financial statemenis, the trusiees al'e required to.. select 5Ultabl¢ acrountuig polLCLes and apply them consistently. observe the inethods and principles in the Charities Sotip. make judgeinents and esltmates that ale reasonable aijd prudent: slale wliether applicable UK Accounlino Standards hairc been folloive¢ subjeei to any niRlerial depai'lures disclosed and explained in the financial stalements. and prepare the linaiicial sialements on ihe ¢Joing concern basis unless it is inapi)ropriate lo presume thal the charithbl¢ Company ivill continue in b￿lneSS. The tLllStees arL fLsponsible for keepiiig adequate accouuting reLOt'ds that are suffiLiLnt to shoiv and explain tlie charitablc company's ti7iisactions and disclose iViTh reasoiiable accui?cy at any time the fiiiai)cial positioii of the charilable company and enable iheni to ensure thal the financi<21 stalc1￿Cnts Loinply wilh the Companies Act 2006. They arc also responsible for safeguarding tlie asseis of the charitable company and hence foi. laking rca50nable slcps for thc prevciition and d￿C¢tIOn of fraud and other I￿egularitICs. Approved by the trustees of the ehJiity oil ...... ............. aiid si(vned on its behalf by: S J Baines Tnistee Page 5 North Tynies Childcare Limited Independent Examiner's Report to the trustees of ]Yorth Tynies Childcare Limited (" the Company") I Tepoit to the charity trustees on my examination of the accounls of the Company for the y&2r ended 31 March 2025. RLsponsibilities 2nd basis of rcpoit As tlie charity's trustees of Ihe Company (and also il.s direciors for ihe purp05¢s of company lam,) you ait responsiblc for Lhe preparation of the accounts in accordance ￿'1th Ihe requirements of Il)e Companies Acl ?006 ('Ihc 2006 A¢l'). I-lavinu salisfied inyself thai ihe accounts of North Tynie5 ChildcaTe Limited are not required io be audited under Part 16 OF the ?006 A¢1 and are eligible foT independent exaijjination. I report in respe¢t of n)y examination of your charity"s accounts as carried out under section 145 of the Charities Act 2011 {'the ?01 I Act,). In carrying out Iny examinalion I have follo￿.ed Ihe Direclions given by Ihe Cbarity Commission linder section 14515)(b} of the 2011 Act. Indcpendcnt examiner's statcment Since thL Company's gross Income exceeded £250.000 your examiner tDUSt be a member of a body listed in scction 145 of tbe 2011 Act. I Conf￿ that l am qualified to undertake ilje examinalion beL'ause I am a member of fccA. whicli is one of the listed bodies. I l)ave coinpleted my examination. I CODfJrn] ihai no matlers have come lo my attention in conneciion witli the ex31nination giving me cause to believe: accoiinting records M'ere not kept in respect of Nortl) Tynies Cliildcare Limited as required by seclion 386 oITlie 2006 Acl. or 2. the accounts do not accord with those records: or Ihe accounts do not comply ￿'1th the accounring requirements of section 396 of rhe 2006 Act otlier than aJ]y I'equirement that the accounts give a 'twe and fair Triew. which is llot a marter considered as pait of an indei)endenl examin1< lion: or the a¢L'ounls liave not been Prepared in a¢¢ordallce wilh the meibods and prii)ciples of the Sialemenl of R¢coinLnended Practice for accounting alld r¢ponii)g by ¢haritics [applicabl¢ to cliaiiti¢s preparing their accounts in accordance with tli¢ Finaiicial R¢porting Standard appli¢abl¢ in th¢ UK and Republic of Titland (FRS 102)]. I havL no conccrns and have come acr055 no other matle15 in connection ll-ith tlie examinatloll to which attcntioIi slioiild bc draivn in this Tcport in ordeT lo enable a PToper undej'standing of tlie accouiits to be rL'ached. Cliristophei. Gi FCCA ie Lloyds Bank House Bcllinghani Flexham Northumberland NE48 2AZ Dale.. 26.1.,,.1..2o.I Page 6 North Tynics Childcare Limited Statement of Financial Activftties for the Year Ended 31 Mai'ch 2025 (Including Income and Ei xpenditure Account and Statement of Total Recognised Gains and Losses) Total 2025 Unrestricted Income and Endowments Irom: Donations and legacies Othei- trading activities Inveslmenl income 6.450 285.608 2.370 6,450 285,608 2,370 Total Encome 294,428 294,428 Expelldttui'c on: Ilaisiiig ￿Thd$ {293,969} (293,969) Total Expenditure (293,969) (293,969) Nel incoiiie Ti'ans1￿.5 betwcen funds 459 (459) 459 (459) ReLonciliation of funds rolal Funds carried fonv2rd 15 Total 2024 Unresti'ictcd Income and Endo)vmellts from: Donations and legacies Oiher trading activities Investsneni income 4,428 251,921 4,428 251,921 2,552 Total Incoine 258,901 258.901 Expenditure on- Raiging fiinds 12i4.771) (254,771) Total E.xpeiiditui'e (254.771) (254.771) Nel incomc 4.130 4,130 Nct movcmeiit in funds 4.130 4.130 Reconciliation of funds 'rotal fund5 brought fop4vard (4.130) (4,130) Total funds carried for%vard All ofthe charity's aclivilies deriv¢ frojn continuiutr operalions duTing ihe above Im'o periods. The funds breakdown for 2024 is shoivn in note 15. The iiotes on pages l O to 18 fomi an iijtegral part of these fii)ancial starenieiiLs. Page 7 North Tynies Childcare Limited (Registration number: 05392562) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets I'angiblc assets 10 3,966 4,408 Current asset5 Deblors Casli at bank and in hand 12,135 123,151 31,806 102,994 12 135,286 134,800 Creditoys: Amounts falling due M'ithin oJ)e )'ear 13 {4.608) (5,024) Net current ossets 130,678 129,776 Total assets less current liabilities 134.644 134,184 Creditors: Amounts falling due after more than one year Net assetsl(liobilities) 14 (134.644) (134,184) runds of tbe charitv: Total funds ror the fll)an¢ial year enduig 31 March ?025 tlie chaTity entitled to exC￿Ptio￿ fron] audit under section 477 of the Conjpanies Aci 200() relating to small companies. Directors, respoi)sibiliti¢s.' The mernbers have not requircd the charity to obtain an audit of its accounts foT thc year in question in accordance ivilh 5ectton 476 of ihc Comp¢inies Acl ?006- aThd Tlic dircctors acknowlcdge tlieir responsibilities for complyiiig ivitb the requireineiits of the Act re5pecr to accounting records and the preparation of accounts. Thcse accoullts bave been prepared iii accoidan¢e M-ith the provisions applicable to cornpallies subject to tlie small companie5 regime. The notes on pages l O to l 8 fomi an inicgral part of these fii)ancial slateniei)ts. Page 8 North Tynies Childcarc Limited (Registration number: 05392562) Balance Sheet as at 31 March 2025 Tlje financial stdtcinenls on pages 7 10 L8 Htre appiY)ved by Ili¢ tiusiees, and auihorised foi issue on 11.,.lJ.,2Qta c?nd signed on tlieir behalFby: SJBa Tlmsiee C Hopkin5 Secrelaiy The not¢5 on pages 10 to 18 forni dn integral part of diese fiiiancial statemeiits. Page 9 North Tynies Childcare Limited Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity Status 'rhe ¢harily is limited by shaTe capitsl. incorporated ill Fngland and Wales. Tlie address of il5 regislcred o￿lee is: BellingliaTn Schools Site Redesinouili Road Bellingham HLkhani NorthiimbL'i'land NE48 2EN 2 Accountinrs policies Summa￿, of significant accountlng polleles and key accounting cstilnatcs The principal accountin(T policies applied ID the PiEporation of IhLSC fiiiancial statements are set out belom.. These policies have beejj consistently applied to all tlie years prcsLnied. unless otheim'ise slatcd. Statement of compliance The financial sialements havc bcen prepared in accordance ivilh Accounling and Rcporling by Charities: Stat¢Liient of RecoiniJ)ciid¢d Practice (appltcable to chatiligs prcparTng their accounT5 iii accordaiice M'illi the rlliaiicial Reporting Standard applicable in tlie UK and Republic of Ircland (FRS 102)) {issued in October 2019) (Cbarities SORP (FRS 10?)). clic Financial Reporting Staiidard applicable in the UK and Rq)ublic Df Trelaiid (rRS 102) and the Companie5 Act 2006. Ba515 of prl'paration Noi'lh Tynie5 Childcare Limited meets th¢ dcfinilion of a public bcncfit entRty undei- FRS 102. Asset& and liabilities are initially recognised at IiistOTical cosl or transiiclion value unless otherwise slated in ihe relevant a¢¢ouiitino policy notcs. Coiiig concern The tnistLes consider that there are no material uncertaiiiiies about the charity's ability to continue as a going coiicern nor any significarjt ureas of uncertainty that affect thL carrying ￿￿lu¢ of assets held by th¥ Lharity. Exeniption Irom preparing a cash floiv statement The charity opied to early Adopl Bullelin I publi5bed on 2 Fcbruary 2016 and ha￿e thereforc nol included a cash floii. stat¢m¢lll in these financial sialements. Income and endoiyments All income is recognised onec rhc charity ha5 entitlement to the income. it is probable that the income ivill be eceived and the amount of tlie ill¢QTn¢ rec¢ivable can bc measured reliably. Grcihts réc#ivuble Grants ￿'e recogniscd M"hen Ihe charily has an entillement lo Ihe funds and any conditions linked io the grants have bccn met. Where perforinancc conditions arc allached io Ihc gianl and are yei lo be tncl. the incoine is recognised ￿ a liability and incliided on lh¢ balance shccl as defcrTed incoine io be released. Page 10 North Tynies Childcare Limited Notes to the Financial Statements for the Year Ended 31 March 2025 liivestijieiit incoiiie DI￿ldendS are ￿cOgnised once the dividend ha5 beco de¢lat¢d and notification has becn received of the di& idcnd due. Expenditui'e All expellditure is rccognised once there is a legol or constructive obligation to that expcnditure. it is probable settlenient is requircd and the aTnount can be measuicd reliably. All costs are allocatcd to thc applicable expeiiditure heading that aggregate similar costs to tliat category. Wbere costs Cal￿0t bc dirLctly attributLd to particular headinos they have been allocated on a basis c0115i5tent ivith the use of rL50ufcLS. Ivlth L'entrdl staff cosrs allocated on the basis of time spent. and depreciation Char￿eS allocated on the portioii of the asset's use. Olher SUPPOLt costs are alloLai¢d based on the spread of slaff Losls. Roisingfiinds Tlie%e are costs InCu￿ed in aiiractino voluntary income, Ihe Inanagcm¢nl of invesiments and Iliosc iiicurred in tradino aCLlVities that raise fuiids. Support costs Support Losts include central functions and have been allorated to actii'ity cost categorics oli a basis Lonsistent ll'ith the use of resources. foi- e.xample, allocatints prop¢Lty cost5 by floor areas, or pcr capita. staff Losts by the time spent and o(h¢r ¢osls by their usatse. Taxation Tlie charity is considered to pass ili¢ tests sel out in Paragraph I Schedule 6 of the Finance Acl 2010 and the￿rOre it nieels the dcfinition of a charitable company for UK corporalioii lax pury)oses. AccordinrJly. the cbarity Is potentially Lxempt from taxation iii respcct of iiicotne or capital gains I'eceived within categorics coN"ered by Chapter i P￿t I l of tlie Coiporation Tax ALt 2010 or Section ?56 of the Taxation of Chargeable Gain5 Act 1992. to the ¢xtent that such incotne or gains are applied exclusikely to charitable pu￿oScs. TanLFiblc fixed assets Individual fixed assels cosiinp £1 (M).00 or inore are inilially recorded ac cost. Deprcciation and amortisation DLpr¢ciatioii is provided on tangible fixed asscts 50 a5 ro write off the cost or valuation. less atiy estimted I'Lsidiial K'uluc, over tlieir expected use￿1 economic life as folloiv5- A55et class Olfice eqiiipinent Leasebold improv¢inents Extenials DepreciatKon Enctllod and rate 1 S /0 reducinLT balance l 0% reducing balance 150/0 rcducing balaiice Paive I I North Tynies Childcare Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Tride debtors "rrade debtors are amounts diie from customers lor merchandise sold or services perfonned in Ihe ordinary CQUTse of busiiicss. Trade debtors arc recogniscd Initially at the transaction price. They are subscquently mcasured at amortiscd co81 using the effective intercst method. less provision for impainnellt. A provision for the impairment of trade dcbtors is cstablisbed when thLre is objective evidence that the charlty ivill not be able io collect all amouiits due according to the orioinal iern)s of the receivables. Cash and cash equivalents Casli and cash equivalentb coinprise casb on halld and call deposits, and ollier short-terni highly liquid invcslmeiits that are readily conv¢nibl¢ to a known amowit of casli and are subject to an insignificant risk of changc in value. Trade ereditors Tizde creditors are obligations to pay for goods or services thai have been acquired in the Ordinary course of business from siippliers. Accounls payable are cl&ssified as current liabililies if the charity does not liave an iinconclilional right, at the erd ot" the reporting period, lo defer sell1￿￿ent of the CTediloT for al least twelve iiioi)ilis after ihe reporling dale. Ir there is an unconditional right lo defer seltleinenl for ai least Iwelve inc)ntlis atter ihe reporting date, they are presented as non4urreni liabililies. Tradc creditors are recognised initially at tlie transaclion price and subsequenily mcasured at amortised cost usinq Ihe effective iniere.%i method. Fund strncture Unrestricted income funds are tseneral funds that are available for use at the trustees discretion io funherance of the obje¢tives of t]ie charity. Reslricled income funds are Ih05e donaled for use ID a particiilar ￿ea or for specific purposes, Ihc use of M'liich is resii'icted io Ihat area or puipose. Financial instruments ClassificatlOFI Financial assets and Iinancial liabilities are Teco.¢Fnised when ihe charity becomes a paw lo the conlractual provisions of the instriiment. Fin1eaT 2Q25 2024 Deferred income 134.CA4 134.184 J4 Funds Incoming resourccs Resourcc5 cxpcndcd Ba12nce at 31 Marcl) 2025 Tran5fer5 Unrestricted General 294.428 (293,969) (459) Pagc 18