Charlry reglstratlon number 1113357 Compary reostratlon number05568542 (England and Walesl ABC CHILDCARE (IPSWICH) LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ABC CHILDCARE (IPSWICH) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr l Rowe Mr D Gordon Mr B Chisnall Miss J K Smith Secretary Mi55 J K Smith Charlty number 1113357 Comp•ny number 05568542 Prln¢lpal addre 537 Foxhall Road Ipswtch Suffolk IP3 8LR Rei15tereO office 537 Foxhall Road IpswKh Suffolk IP3 8LR Independent exjmlner siaine5 and Co 235 Foxhall Road Ipswich Suffolk IP3 8LF
ABC CHILDCARE (IPSWICH) LIMITED CONTENTS Trustees port Independent examiner's report Statement of financial Ktivitie5 Balance sheet Notes to thè fifiancTr¥l ststements 6.12
ABC CHILDCARE (IPSWICH) LIMITED TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn FOR THE YEAR EI¥DED 31 DECEMBER 2023 The trv5tee5 present their annual r•port and financial statements for the year ended 31 December 2023. The financial 5tatement5 have been prepared in accNdance with ihe accounting policies sd in note I to ihe finantial statements and comply with the charity's Igoverning documentl. the Companie$ Act 26 and "Attoufiting and Reporting bv Charities.. Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financlal Reporting Standard applicae in the UK and Republic of Iland IFRS 1021" leffertive I january 20191. Oblecttves and •rttvltFes The objects of the ¢haiity is to enhance the development and education of children In the east of Ipswich arèa aged 2 to 11 vears by encouraging parents to understsnd and provide for the rd$ of their children. The activities carried out by the charity for the public beneltt are the continued runn¢ng ol PRe-khool, After School, Holidav and Breakfast Club servitts so parents are safe in the knowledge iheir Children ale I"n8 properly looked after. The trustee5 confirrn that they ha complied with the fequirements of Sertion 17 of the Charities Act 2011 to havè due regard to ihe public beneflt euidance published by the Charity Comrni59on for England & Wales. Public beneflt The tru5tee5 have paid due regard io Kuidance issued by the Charlty Commlsslon in deciding what actlvitles the charfty should undertake. Achlevements and rfOan£ 5i9nificont ortivitie5 Qnd ochievements 0goin5t obiertives FIMncl•l revlew Reserves policy It is the policy of the charity th unrestricted fund5 whith have not been designated for a spetific use should be maintained at level equivalent io between three and six month's expenditure. The trustees consider that reserves at this level wlll ensure that. in the event tsf a SiBnslicant drop in funding, Ihey will be able to continue the chariV5 current activities whlle onsideratjgn is gtven tts Ways in which additional lunds may be raised. This level ol reseThes has been maintained throu8hout the year. Molorrlsk5 The trustees h3ve a55e55ed the major lis to which the chanty Trs exposed, and a satisfled that Systems are In place to mitigate exposure to the major risks. Structure. errnCe 4nd managern•nt ABC Childcare Ilpswichl Limited t5 a company limited by Guarantee. governed by tl'5 Memornndum & Article5 of Association dated 2nd March 29. The company is a registered chanty with the Charities Commlsslon. Anyone over the age 0118 can become a member of the compènv. Each Trustee must contribute £1 each on the winding up of the compat)v. The iNstees. who are also the directovs for the purpose of tompany law. and who seryed durin8 the year and up to the date of Signatu ol the financial ststements were.. Mr l Rowe Mr D Gordon Mr B Chisnall Miss J K Smith Retruitment ond opptyntment of trustees Trustees are appoiiited at the companws AGM in accordance with Clause 4 of the ArtKles of A550ciation.
ABC CHILDCARE {IPSWICH) LIMITED TRUSTEES REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Company's eufrent poliry conctming the payment of trade creditors is to follow the CBI'S Prompt Payers Code (copies are available frorn the CBI. Cefflre Point. 103 New Oxfford Street. London WCIA IDUI. Thè company's Crnt policy concerning the payment of irade treditors is to-. settle the terms of payment with suppliers when a8reeing the terms of each transaction.. ensu that suppliers are made aware of the tern)s ol payment by intlusion of the relevant terms in ¢ontra¢ts,' and pay in atcordance with the comparfs contraciual and other le8al obligation5. Trade credltofs of the company at the year end wer* equivalent to KX day's purchases. based on the avèrage daily amount Invoiced by suppliers dufing the year. Orgunisotionalstrutture The company is controlled by the committee consistin8 oITrustee's and Dirertors eletted annually in accordance wSth Clause 4 of the Articles of Assotiation. The trustees Iwho are also the Dlrectort ol ABC Childcare IIp5wichl Llrnl lor the purpose of company lawl are responsible for preparln8 the Trustee's Report and tht financlal ststements in aCcoance with United Klngdom accountln8 Standard5 and 3ppllcable law and re8ulations. The trustees report was approved by the 8oard ofTtystees. Miss J K Smith Trust•• Mf D fordon Trustee 31 July 2024
ABC CHILDCARE (IPSWICH) LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF ABC CHILDCARE {IPSWICH) UMITED I report tts the trustees on my examination of the financlal statements of ABC childra Ilpswichl Limited (the charity) for the ar ended 31 December 2023. Rtsponslbllitles and basls of report As the trlastees ot the charilv land also its directors for the purposes of company lawl you art responsible for the preparation f the fTrnancial statements in accordance wtth the requirements of the Companies Act 2C¥)6 Ithe 2[# Actl. Having satisfieil myserf that the financial ststements of the charity are not required to be audoted U¢Mler Part 16 of the 2006 Aet and are eligible for independent examination. I report in respect of my exarnination of the tharity's financial statements carried out under section 145 of the Charities Art 2011 (the 2011 Artl. In carrying out my examination I have followed all the applicable Diretlions given by the Chanty Commission under section 14515llbl of the 2011 Act. Ind•p•ndent •¥amlner's stslement I have completed my examination. I confirm that no matter5 have come io my attention in connectlon wlth the examinatlon 8lvln8 me cause to beIVe that in ary material respert: account+n8 records were not kept sn respect of the tharity as required by sectlon 386 of the 2c Act,. or the financial Statements do not accord with those records,. or the linancial statemenis do noi comply with the ac¢ountin8 requirements ot 5ettion 396 of the 2CI)6 Art other than any requirement that the accounts gl¥e a true and fair view whith is not a matter considered a5 Part gf on Independent examination.. or Ihe flnanclal statements ha¥e not been prepared in Kcordance with the methods and principles of thé Statement of Recommended Practice for accountin8 ènd reportin8 by charities applicable to charities preparing their a¢counts In accordance with the Financial Reportln8 stsndard applicable in the UK and Aepublic ol Iland IFRS 1021. I have no concerns and have come across no other matter5 in connection with the examination to whith atttfttlon shovld bè drawn in thls report ¢n order to enable a proper understsndin8 Ot the tinancial ststements to be reached. Sljlnes and Co 235 Foxhall Road Ipswich Suffolk IP3 8LF Staines & Co Accountants 235 Foxhall Road Ipswich, IP3 8LF Tel.. (01473) 716650 Fax (01473) 273511 Dated.. 2 August 2024
ABC CHILDCARE (IPSWICHI LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcled funds 2023 Unrestrl¢ted funds 2022 Income from: Donations and le8acies Charitable activittes Ixher tradin8 aCtiv¢ties Invèstments 108,056 106.556 1,752 2.852 104,104 99,519 1.133 51 Totsl Income 219.216 204,807 Expend5tur• on: Raising funds Other expènditure 244,152 542 202,321 li Total e¥pendlttsr 244,694 202.321 Net IncoM•llpd1IUMj •nd mo¥•m•rf sn fuTrds 125,4781 2,486 Reconclll•tlon of fur*ds." Fund balances at l January 2023 418,844 415,110 FurMI balant¢s •t 31 D•comber 2023 393.366 417,596 The Statement of finantial artivities includes all gains and knsses rtthgnTrsed in the year. All income and expenditure derive from continuing activities.
ABC CHILDCARE (IPSWICH) LIMITED BALANCE SHEET AS Af31 DECEMBER 2023 2023 2022 Flxtd assets Tangible assets 260,774 270.456 Curr•nt assets Debtors Cash at bank and in hand 14 1.997 136.558 2,890 161,101 138.555 15,9631 163,991 116,8511 Credltoys: amounts l¥lllni due wlthbn 4)n 15 Net curyent assets 132,592 147,140 Totsl assèts less £urr•nt Ihbllltles 393,366 417.596 Net •Hets excludln8 pen51on Ilablllty 393.366 417.596 Th• funds ot the ch¥rbty Unrestricted funds 393.366 417,596 393.366 417.596 Thè company is enistled to the exemplion from the audbi requirement contslned in section 477 01 the CoMnieS Act 2C¢J6. for the year ended 31 December 2023. The dlrectors acknowled8e their responsibllities for complyiTh8 With the requirements of the Companies Art wlth Tr5pert to accountin6 records and the preparion of financial statements. The mernbèrs have not qUIred the compary to obtain an audit of its financial statements for the year in question in accordance wlth setlion 476. These Ilnancial statements have been prepafed in ac¢ordance with thè provlsions applicable to companles subject to the small companies re8ime. The financial statements were approved by the trustees on 31 Juty 2024 Mr D Gordon Tru5tte Mi55 J K Smtth Company re8i5trdtion number05568542 (England and Wale51
ABC CHILDCARE (IPSWICH) LIMITED NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Account1 polkl•s Charlty intormatlon ABC Childcare Ilpswichl Limited is a prévatè compary limited by guafantee incorporated In England and Wales. The registered office 1$ 537 Foxhall Aoad, Ipswich. Suffrjlk, IP3 8LR. 1.1 A¢countlni ¢on¥entlon The financial statements have been ppared in accordantt with the chariV5 t8overnln8 documentl. the Companles Aci 2CM)6. FRS 102 -The Financial Reporting Staftdard applicable in the UK and Republic of Ireland" I-FRS 102.1 and the Charities SORP 'Atcountin8 and ReportTrn8 by Charities.. Statement of Recommended Practice applicable to charitles preparing thelr accounts in aecordaThce with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffe1ve l January 20191. Thè ¢harity is a Publit 8enefit £niity as defifted by FAS 102. Th• charity has tan advantsee of the provi5ion5 in the SORP for charities not to prepare a Statement of Cash Flgws. The flnanoal statement5 are Pfepared in ertIn& which is the functional currency of the charlty. Monetary amounts In these finaficial statements a rounded to the nearest £. The financlal ststemenls have been prepared under the hi5torfcal CO tonventlon. Imodified to Include the revaluat5on ot freehold properties and to include investment properties and certain financial instruments at fair valvel. The wlnclpal accoLbntin8 polkies adopted a set out bel(w. 1.2 GOI concern At the time of approvin8 the finantial statements. the trustees have 3 reasonable èxpectation that the charlty has adequate rèsource5 to contlnue in operational existence for the foreseeable futufe. Thus the irustees continue to adopt the 8olng tonctrn basls of accounting in preparing the financial statements. 1.3 Charltable fund5 Unrestri£ted fund5 are avallable lor use * the discretion of trustees in furtherance of thelr charitable oblectlves. 11è5tricted funds are subjert to specific conditions by dontsr5 or 8rantots as to how they may be used. The purposes and use5 of the Stricted funds are set ovt in the notes to Ihe financial statements. Endowment fund5 are subject to specffic conditi¢)ns by donors that the capital must be maintained by the charity. 1,4 Incorn Incomé is reco8nised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably ènd it is probable that income will be ièteived. C?sh donatlons are recoBnised on receipt. Other donations are recognised once ihe tharity has been notifted of iht donation. unless performance cond%tions require deferral of the amolbnt. Income tsx leVerable in relatlon to donaiion5 received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are reco8nised on receipt or otherwise if the tharity has been notifed of an impending distribution. the arnount is known. and receipt is expecled. If the amount is not known. the legacy is ireared a5 a contingent asset.
ABC CHILDCARE (IPSWICH) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Atcountin8 policits Icontlnuedl 1.5 Ejtpendlture Expenditure is recogni5ed onte the is a legal or constructive obli8ation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measufed ieliably. Expenditure is classified by actiwty- The costs of each attNity are made up ol the totsl of dirert costs and shared costs, tncluding support costs involved in undertakrng eath attivity. Dirert costs artributable to a single activity are allouted directly to that activity. Shared costs which contribute to more than one attivity and support costs which are not attributable to a sin8le activity are apportioned between those activ¢lies on a basis consient wilh the use of resources. Cential staff costs are allocated on ihe basis of time spenL and depreciation charges ale allocated oth the portion of the asset's ust. All expenditure is COgnised On there 15 a le8al or constructive obligation to that expenditure, it's prtsbablE settlernent 15 requlred and the amount can be meaSUd reliably. All costs a allocated to the appl¢cable expenditure heading that aggregatè Similar costs to that cate80ry. Where costs cannot be directly attribyted to a particular headings they have been allocated on a basi5 tonsistent with the use of the resourtes, w&th central staff costs allocated on the basis of tirne spent, and depreciat%tsn charges allocated on ihe portion ol the assets Used. Other support costs are allocated based on the spread of the staff costs. 1.6 Tan8lble fixed assets Tan8lble Ilxed assets are initially measured at tts and subsequenity meastsred at com or valuatlon, net of depreclatlon and any impairment losses. Depreciation is reco8nised so as to write off the cost or valuation of assets less their residual values over their uselul lives on the lollowing bases: Freehold land and buildings Ltasehold lanfl and buildin8$ lurnlture, fixtures and equipment Straight line over SO year5 25% reducing balance 25% reduclng balan The gain or10ss arisin8 on ihe disposal ol an asset is determined as the difference between thè sale proceeds and the arrying value of the asset. and is reco8nised in the statement th tinancial arttvilie5. 1.7 Impalrment of flxed assets At each reportln8 end date, the charity review5 the carrying amount5 of its tangible assets to dermIne whether there is any inditation thai those assets have suffered an impairment 105s. If any Such indication exist5. the recoverable mount of the asset is estimated in onler to deterfNne the extent of the impairmeni1055 lif anvl. 1.8 Cash and cash equl¥altnts Cash and cash equivalents include cash in hand. deposits held at call with bank5. Other short-term liquid investments with original rnaturities of three months or less. and bank overdraft5. Bank overdrafts are 5h¢M¥n within borrowin85 tn 1.9 Taxaflon The Charity 15 considered to pass the tests set out in Para8rnph I, Schedule 6 of the of the Finance Art 2010 ar¢d therefore meets the definition of a charitsble company for UK Corporfion Tax purposes. Accordingly, the charity is entially exempt from taxation in respect of incorne or cawtsl gains received within categories COved by Chaffjer 3, Part 11 of the Corporation Tax Act 2010 or Section 2S6 of the Taxation of Chargeable Gains Aci 1992, to the extent that such Intome orgains are applied exclusivety to charitable purposes.
ABC CHILDCARE {IPSWICH) LIMITED NOTES TO THE FINANCIAL 5fATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢fountln8 polKles Icortinuedl 1.10 Rètlrement beneffts Payments to defined contribution retirement beneffit 5chenRs are charged as an expense as thty fall due. Crltkal account1 •stlmatés and ludlemet n the app16cation of the charity's atcounting po16des, the irustees are reqUId to make jud8ements, estlmates and assumpisons about the carrying amount of assets and liabi14ties that afe not readily apparent from other sources. The estlmates and associated assumptions are based on historical expèrience and oiher factors that are considered to be relevant. Actual su11$ may differ Irom these estimates. The estimaies and underlwng assumptions are ie¥iewed on èn onBoing basis. Revisions to accountin8 e5tlmates are reco8lli5ed in the period in which the estimate Is rèvised Whe the revision affects only that period, or in the period ol the Tevision and fVre perlods where the revision afferts both curnent and futu periods. Inrne from donatlons and lep&s Unrtstrlrted funds 2023 Unrtstrlcted funds 2022 Government Grants 108,056 104,104 Ch•rlt•ble artl¥ltles Pr• School Out of School FM• Club F•• 2023 Tolal 2023 Prn 8th001 Out of School F••• Club F••* 2022 2022 Total 2022 Servicès provlded 29,226 77.330 106.556 17,363 82,156 99.519 Income from other tr¥dlni xtfvlts Unre5trlrted funds 2023 Unre5trlct¢d fvnd$ zo FundraisiTr8 events 1,752 1,133
ABC CHILDCARE (IPSWICH) LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incomè from In¥estme+ Unrestrlcted Unlerfrted funds fvnds 2023 2022 Interest receivable 2.852 51 ExPendItle on r•lsln&fvnds Unrestricted Unrestrlrted funds lunds 2023 2022 Fundralsln8 and publl¢lty Stsgin8 tundraising events 2,556 i.oii Tradlni ¢•sts Other trading artivities Staff c05tS Oepreciation and impalrment Support costs 10.366 162.689 10.768 57,773 4,826 147,137 11,144 38,203 241.596 201,310 Total costs 244,152 202,321 Net mo¥ement In funds 2023 2022 The nel mo¥ernent in fund5 15 ststed after chargin811cdnej'. Depreclation of owned tan8ible fixed a$5ets 10,768 11,144 None of the tTU5tee5 lor any pewsons Connected wth them) received any remuneration or benefits from the charity during the year.
ABC CHILDCARE (IPSWICH) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employeè5 The average Month nurnber of emplrryees during the yearwas.. 2023 Number 2022 Number li li Employm•nt t05ts 2023 2022 Wa8e5 and salarles Other pénsion costs 160,542 2.147 143,195 3,942 162,689 147,137 There were no employee5 whose annual femuntration was rn0 than £f4J,CW. Remuneraiion of key mlnayment pers¢)Ml The remuneration ol key Management pefsonnel wa5 a5 follow5.. 11 Olh•r •xp•ndltur• Unrestricted Unre5trkted funds 2022 2023 Corpofation Tax 542 12 Taxatlon The charity is exempt Irom taxion on its odivities btf3V5e all its Income Is appll•d for charitable purposes. 10-
ABC CHILDCARE (IPSWICH) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 T•n8lble fixed assets Freehold land L•a8•hold furnltur•. and bulldlng• land and Ilxtur•8 and bulldlng¥ •qulpm•nl Totsi At l January 2023 Additlons 303.846 41.241 81.462 1,087 426.549 1,087 At 31 December 2023 303.846 41.241 82.549 427,636 D•pfedailon and Impalm)•nt At l January 2023 Depreciatlgn charged in thè ar 48.615 6.097 36.057 1.296 71.422 3.375 IS6,094 10,768 At 31 December 2023 54,712 37.353 74,797 166,862 rrylni amount At 31 December 2023 249,134 7,7S2 260,774 At 310ecember 2022 255.231 5.184 10.041 270,456 14 D•btors 2023 2022 Amounts fall4 duè wlihln on• y•ar: Trade debto 1.997 2,890 15 Crtditors: amounts falli du• withln )n• y••r 2023 2D22 Corporation tax payable Other taxation and social security Payments received on account Trade credtor5 Accruals and defvrred income 542 3,380 545 14,243 1,118 945 1,261 5.963 16,851 11
ABC CHILDCARE (IPSWICH) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Rètlrement benefft schemes 2023 2022 Defined contrlbution xhem•s Charge to profit or loss in respert of defined contribution 5themes 2,147 3,942 The char5ty oprate5 a defined contrltrmrtion ptn5ion xherne for all qualifying employees. The assets ol the scheme a held separately from those of ihe tharity in an independently administered fund. 17 Unrestrjded fvrbd5 The unrestricted funds of ihe tharity comprise the unexpended balance5 Ot donations and grants which are not subject to specific conditions by donors and qrantors as to how they may be use(l. These include designated funds whith have been Set aside out of unrestricted fund5 by the trustees for specific purposes. At l January 2023 Incoml Rtsources At 31 Dacember empended 2023 General funds 418,844 219.216 1244,6941 393,366 Pre¥loui ye•r: Al l January 2022 Incomlni resouffes ftesources At 31 Decemb•f xpended 2022 General lunds 415,110 204,807 1202,3211 417,596 18 Related party tr•nsactlons There were no disclosablt related party transauions durine tht year12022- none). 12-