## **HORNS DROVE COMMUNITY CHILDCARE LTD FINANCIAL STATEMENTS 31[st] August 2024**
Charity Number 1112355
## **HORNS DROVE COMMUNITY CHILDCARE LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2024**
## **CONTENTS**
|**CONTENTS**||
|---|---|
|Trustees annual report|3|
|Independent examiner's report to the trustees|5|
|Statement of fnancial ac�vi�es|6|
|Balance sheet|7|
|Notes to the fnancial statements|8 to 9|
## **HORNS DROVE COMMUNITY CHILDCARE LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 August 2024**
for the year ended 31[st] August 2024
## **REGISTERED OFFICE**
Bakers Drove, Rownhams, Southampton SO16 8AD
## **REGISTERED COMPANY NUMBER**
05604221 (England and Wales)
## **TRUSTEES**
Sam Judd Julie Meintjes Faye Burton (appointed December 2023) Vicki Ansell (resigned December 2023) Kirsty Cook (resigned December 2023)
## **INDEPENDENT EXAMINER**
Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton SO16 5NG
## **CONSTITUTION**
The charity is controlled by its governing document, a deed of trust, and cons�tutes a limited company, limited by guarantee, as defined by the Companies Act 2006
The Charity was registered and the Company incorporated on 26[th] October 2005 _All documents available from the directors upon request._
## **OBJECTIVES and AIMS**
We operate a Pre School for children from two years to star�ng school. This operates 9am to 3pm in term �me with around 60 children on roll. Our Breakfast club runs from 7:45 to 9 am and caters for children aged two to eleven Our RASCALS a�er school club runs from 3pm to 6pm and caters for children aged three to eleven. Our Holiday Club runs from 8.30 am to 6pm each day for children aged three to eleven. Our se�ng allows us to provide formal ac�vi�es under the EYFS and informal holiday ac�vi�es. We confirm that we have complied with sec�on 17 of the Chari�es Act 2011 for public benefit.
## **GOVERNANCE and MANAGEMENT**
All trustees are non execu�ve and receive no remunera�on for their roles.
Trustees are appointed by serving Trustees and are normally parents of children a�ending our se�ng bringing different skill sets and an understanding of what the se�ng needs to thrive. The Board of Trustees have responsibility for all the major decisions of the charity.
The Trustees delegate the day to day running of the charity to the Childcare Manager, who manages the Pre school Deputy Manager and the RASCALS Deputy Manager who in turn manage their teams who care and provide for children In their care. Daily decisions are made by the Managers with larger decisions reviewed and agreed by the Trustees.
## **RESERVES POLICY**
We have a Reserve Policy in place and the reserved funds cover three months of running costs at a minimum. We divert funds into this on an ongoing monthly basis in order to replace or refurbish our current building which should last for another 14 years, according to the recommended lifespan of a building of this type.
## **HORNS DROVE COMMUNITY CHILDCARE LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 August 2024**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees (who are also directors of Horns Drove Community Childcare for the purposes of company law) are responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce) and applicable law and regula�ons
Under company law the members must not approve the financial statements unless they are sa�sfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and applica�on of resources, including its income and expenditure, for that period. In preparing these financial statements, the members are required to:
- select suitable accoun�ng policies and apply them consistently;
- observe the methods and principles in the Chari�es SORP;
- make judgements and es�mates that are reasonable and prudent;
- state whether applicable UK Accoun�ng Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
- that the charitable company will con�nue in business.
and explain the charitable company's transac�ons and disclose with reasonable accuracy at any �me the financial posi�on of the charitable company's transac�ons 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 preven�on and detec�on of fraud and other irregulari�es.
## **SIGNED ON BEHALF OF THE TRUSTEES**
Sam Judd
Faye Burton 29[th] March 2025
**HORNS DROVE COMMUNITY CHILDCARE LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 August 2024**
I report on the accounts of the charity for the year ended 31 August 2024 which are set out on pages 4 to 7
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The Charity's Trustees (who are also Directors for the purposes of company law) are responsible for the
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is
## **INDEPENDENT EXAMINER'S STATEMENT**
(1)which gives me reasonable cause to believe that in any material respect the requirements:
requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order accounts to be reached.
Do the Numbers Ltd, 37 Upper Brownhill Road, Southampton SO16 5NG
25[th] March 2025
## **HORNS DROVE COMMUNITY CHILDCARE LTD INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 August 2024**
|Note
**INCOMING RESOURCES**
Dona�ons and Legacies
1
Childcare Fees
Childcare funding
Fundraising events and uniform sales
Bank interest
Sundry income
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Wages, salaries and pensions
2
Building costs
Equipment costs
External ac�vity providers
Cleaning and waste disposal
Vehicle costs
Administra�on
Insurance
Charitable ac�vi�es
Accountancy and payroll services
Subscrip�ons and licences
Deprecia�on
Legal and professional fees
Governance costs
**TOTAL RESOURCES EXPENDED**
**NET INCOMING/ (OUTGOING) RESOURCES**|2023
£
£
£
£
£
0
0
35,257
210,254
210,254
101,091
65,804
65,804
124,278
455
455
643
2492
2,492
1,026
3,281
3,281
760
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total Funds
2024|
|---|---|
|||
||282,285
0
0
282,285
263,055|
||0
203,055
203,055
187,663
12,258
12,258
10,205
9,316
9,316
19,676
8,562
8,562
9,775
2,173
2,173
4,792
5
5
52
8,929
8,929
11,255
1,791
1,791
3,646|
||246,087
246,087
247,065|
||5,877
5,877
5,749
5,260
5,260
4,338
9,419
9,419
9,120
54
54
163|
||20,610
0
0
20,610
19,370|
|||
||266,697
0
0
266,697
266,435|
||0
0.00|
||15,588
0
0
15,588
-3,381|
## **HORNS DROVE COMMUNITY CHILDCARE LTD BALANCE SHEET AS AT 31[st] AUGUST 2024**
|Note
**FIXED ASSETS**
Tangible assets
4
**CURRENT ASSETS**
Trade Debtors
Prepayments
Cash at bank and in hand
**CURRENT LIABILITIES**
Trade Creditors
5
Accruals and other creditors
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
General Fund
6
**TOTAL FUNDS**|2024
£
£
42,473
42,473
0
0
141,807
141,807
0
6,460
6,460
135,347
177,820
177,820
177,820
0|2023
£
£
54,509
54,509
12,024
125,980
138,005
5,942
16,569
22,511
115,494
170,003
170,004
170,004
-1|2023
£
£
54,509
54,509
12,024
125,980
138,005
5,942
16,569
22,511
115,494
170,003
170,004
170,004
-1|
|---|---|---|---|
|||||
||||115,494|
|||||
||||170,003|
||||170,004|
||||170,004|
||||-1|
> [th] March 2025
0 Sam Judd Faye Burton
**HORNS DROVE COMMUNITY CHILDCARE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of accoun�ng**
investments which are included at market value and the revalua�on of certain fixed assets, and in accordance with applicable United Kingdom accoun�ng standards and The requirements of the Statement of Recommended Prac�ce 'Accoun�ng and Repor�ng by Chari�es' issued in March 2005 (SORP 2005).
## **Income**
All income is recognised in the Statement of Financial Ac�vi�es once the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably
## **Liabili�es**
Liabili�es are recognised as expenditure as soon as there is a legal or construc�ve obliga�on commi�ng the charity to that expenditure, it is probable that a transfer of economic benefits will be required in se�lement and the amount of the obliga�on can be measured reliably. Expenditure is accounted for on an accruals basis.
## **Taxa�on**
The Charity and the company are exempt from tax.
## **Fixed assets**
Assets donated to the charity and those fully depreciated are deemed to have residual value of £1 A detailed schedule is held by the board.
Land and buildings 4% straight line Fixtures and fi�ngs 25% straight line Office equipment 25% straight line
## **Pension costs**
## **2. EMPLOYEES**
2024 2023 The average number of employees during the year, was as follows: 15 13 No employee received remunera�on of more than £50,000 during the year (2023 Nil).
## **3. TRUSTEES**
No trustee or other person related to the charity had any personal interest in any contract or transac�on entered into by the charity during the current or previous year.
No expenses were reimbursed to any individual trustee during the current or previous year.
## **HORNS DROVE COMMUNITY CHILDCARE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2024**
|**SSETS**
COST
Brought forward at 01.09.23
Revalua�on in year
Addi�ons
Disposals
Carried forward as at 31.08.24
DEPRECIATION
Brought forward at 01.09.23
Charge for the year
Disposals
Carried forward as at 31.08.24
NET BOOK VALUE
Brought forward at 01.09.23
Carried forward as at 31.08.24|Building
Vehicles
Total
2023
£
£
£
£
£
£
119,604
31,304
7,414
0
158,321
141,319
0
0
0
0
0
0
0
0
0
0
0
0
Fixtures and
f�ngs
Ofce
equipment|
|---|---|
||119,604
31,304
7,414
0
158,321
141,319|
||78,387
22,977
3,716
0
105,080
82,842
6,133
3,339
1,296
0
10,768
7,723
0|
||84,520
26,316
5,013
0
115,848
90,565|
|||
||41,217
8,327
3,698
0
53,241
58,477|
|||
||35,084
4,988
2,401
0
42,473
50,754|
## **4. FIXED ASSETS**
|**5. CREDITORS**
Accounts Payable
Wages and pension creditors
Sundry Creditors
**6. RESERVES**
General unrestricted reserve|2024
2023
£
£
0
5,942
560
1,547
5,900
15,022
6,460
22,511
Income
Expenditure
Transfers
£
£
£
£
£
162,233
282,285
266,697
-1
177,820
01.09.23
b/fwd
c/fwd
31.08.24|2023
£
5,942
1,547
15,022|
|---|---|---|
|||22,511|
||162,233
282,285
266,697
-1
177,820||
||0
0
0||