BIUGHT SPARKS KINDERGARTEN LTD (LIMITED BY GUARANTEE) CompaDy liumber 06113421 (Engl#nd & Waks) Cbarlty Number 1120624 REPORT OF THE TRUSTEES AND FINLYCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
BRIGHT SPARKS KLYDERGARTEN LTD Contents of the Flnan¢lal Statements For the Year Ended 31 August 2024 Trumees Reprt Statement of Financial Activitie5 Balance Sheet Notes to the Financial Sthtements 8-12
BRIGHT SPARKS KINDERGARTEN LTD Report of the Triislees for the Year Ended 31 August 2024 The TnleeS pre5ert &ir Rewrt with the flnanci sthtrments of the Charitable Company for the Y ended 31 Aug 2024. al and AdmlDlstrtfve Inforrnllon BTighi Sparks Kin(kryth Limited is a ¢k4rbtable C(Mnpany Limid by Guaranlee aThl (knes n¢X have any shar¢ capita]. It incoTFMxatcd OD 19 Febnw 2(K17 arnl was registcrcd as a Charity on 20 Au8usI 21J)7. It is governed by a Mem(randum XNI Anicles of A5laI10n daied 19 Febnwy 2LN)7 as amended by Special Rcsolution d&i¢d 9 Aug 2(M)7. N¢w Tnlets ll aptKovcd by thc prcscnl mcmtLYs of thc Inisl¢ )aTd. (Further admini51rn1ive (knail$ of the Lharity can be fouThl pa8e l). Bright spa KllMkr8anen is ¢ommin¢d to ryoviding high-quality. fe, and nurturin8 pre-school ¢hilthare aThl education for children a8ed 2 10 4 y¢ar& alonlde a Vlety of enrichin8 OUt•of-xhool activities for children aged 3 to I l ye. We are also dcdicaled to sUPrtIng stsff dev¢lopm¢ni and offerin8 OPWrtumU¢s for trninces ift the fi¢kL We have refeTTed io the 8uidaKe COnthin¢d in the Chwity Commission's gertrnl guidance on pJbli¢ benefil when reviewin8 our aill objeclives and in platitiing furure 1VIll¢s. Overview Although financial challeoges bav¢ c4)niinued this year. Bri8hi Sparks has managed lo 11)eiate smoothly withoul any major ditTiculties. pre-school numbers have remained s¢Mn& wilh 12 children successfully traDsitioning io pnmary schcd iti July. The OUi•of-%hl Clubs have also IrforniCd well. and the success of our inaugurnl 'QJen Day. has led to an increase in the number of children on Ihe waiting lisi for Scptembcr. Th¢ 8ovemmcnt'5 addilional fuThlin8 for 2-year4)Ids and knih•lds of WOTking parepis h&% driven an increase in session tr)okin8s fLY these 28e groups. Outf-S¢ho0] clubs remain consisiendy FM)pular. We remain srattful 10 Early Years Cbildtare Suppon (EYCC) f(Y tlw invaluable guidance and SUPkKrt The advice provide is lo Imxh (k stslTarMI commiltee. We would also like to tske this oppxtyjnity io exwess our •pprciali( for the hard worl eommjtsn¢nL aThl dl¢lon of our sthff. B[h lh¢ Manager ar#J Assianl .Manager cr¢aie a positive and supportive ¢nvir¢)nrnenL which makes Brighi Sparks • fanwtic plx¢ for thildren w learn for stsff io wor Inn The fuwKial results fLY th¢ year. as ddailed in the financial stsiem¢nts. ar¢ ID li wiitrl th¢ exFKcied projections aNI show a sthble w10. Mana We are ple&sed to rcport that th¢ mana8emeni ieam rentsins CODS15(¢nl and ¢oniinues lo collaborate etTedively, ensuring thai Bri8ht spa mainlDs its success and con1iDu io impro%'¢. This is a point of greai pride for us.
BIUGHT SPARKS KINDERGARTEN LTD Compmy IDformAtlon For the Year Endcd 31 August 2024 TThslees Claire FeliFs (resigned 23 April 2024) Sieve B¢lshaw Stsc¢y Musnll Dani¢ll¢ Skinner Laura While 1>4vid Milckll Rcknca sha (4pp)intcd 22 April 2024) Lrdnne Bclion (aprA)inted 22 April 2024) Jcnna Milchell (aPinIcd 22 Apnl 2024) (resigned 17 Septemkn 2024) Dlrettors Sarah BrOffi Stacey MuMill Reglstered Offlee SibKy Free S¢lK)oI Old Main Road BOOn PE22 ORR Company Number 06113421 (En8latsJ & Wales) Cbarlty Number I12(24 Independent Ei•mlner Mts Nicola L£ntM FCCA tkxter & Shary>e Cbartered Certified A¢crnnts Th¢ Old Viurnge urch Close LirKolnsbiTe PE216NA BAnkers HSBC 49 Lumjcy R(xd Skegness PE25 3LW
BRIGirr SPARKS KN)ERGARTEN LTD Rert ofthe Truste for the Y¢ar Eoded 31 August 2024 eMd•ued Maoa ement Ad Sta While we have some sthtTchry this yew. we continue to Iwve an eXceFrtll 4m of Early YeaT5 prncti(iotKrs WI denmknie pSlon. lfthCe. skill. Howcver. rccluitment remains a ¢halleng¢ ross tIK Srflor. the P offered does nL always relleci the considernble responsi.]111cS Early Years ptactttioneT5 sIMlder. Bri8h¢ Sprks continwa lo within ETly Years F(xxk&iiM Sthge (EYFS) fTnKwotk. The senior mana8em¢M ieam re8ully reviews aThl implemeNs 8uld8< ensurin8 that stsff are Uippd wilh ilK SUFPM ¢ io delivtr kn8hwlity caff aThl edwtion. Wc also collabm with other w)widers when . FartilarlY Wh children attend more th on¢ seiiin8. ensuring ¢QNifiuity of care. Profession development is a wicw. and stsff arc cncournbyd io attend relevanl training opportuniliL%. meeiings and supervisions are used io discuss ongoing develowL ensunng Brighi Sparks remains of the leading childc•r¢ Provisio in the I. Trnining is provKkd usin8 Teams. Zoom and f¢e•W.fac¢. AdditI11y. in-bjuse Firsl Aid trainin8 is rffovthd the wlv)le len. Our stsff are hi8hly qualifirt knowledgeable afid dediced. We are e4)eci•lly prthMI of stsff memb¢T5 WIM) IKJld qualifications sh as Early Years Fndl(lon tkgrtt. a BA Hons tn Iducaiion. aThl an Msc in Child and Ad01¢ent Mentsl WelltYin& We also hve a SLff member WOTkin8 thwards her Level 3 in Early Yeus Edu¢ation. The volunlary mana8em¢ni committee c(xrtInS w wovide stron8 $Upw the day-104ay operations of Bright Spark5. Regutsr cthnmittee mettin8s ¢nsure eff¢aive govern. and Idion plans are in pla¢¢ io Idress are•s ihat ffed •ll¢Dti(M. (hr staff c4)r6iswly 80 above aDd volweerin8 their lime fty fuThIr8 events and additional nx¢tin85. These efforn help rnise f(Y new •Thl res0Wr ihai ¢rthe thc Icarning The come¢,$ stren8th lies in its de41K¥ion Bright Spths. We are iwreth'bly prwj of the entire team thth'r (M8n8 COfnmitrneAt to ¢tttin8's succe%$. W¢ are extremely of the ¢4MtirnKd S¢¢$5 ofBTith Spths in delivering eX¢wim ¢hildcar¢ and cduthion. <hr staff cre4* a warnK wela)min8 environmi for ch'ldrcn Ind famil5 alike. and we take pnde in w)vidin8 a place where thildrni can thrive. The comminee is conftht thai Bright Sparks will Coniioue to 8row arml with th¢ of ow pxcnts Ing es%Qtial io thi$ sUC¢tss. The Futh We are aware that ihe rising cost of livin& al(x)g M'iih ihe upcoming increase in the livin8 wage lin Apnl). will irn Bri8hi Sp¥k5' fiDan¢ial p110. We will closel) Tnoniior these changes afyl adJuM our fee slnKlure ac¢ordin8ly. We Ke Also fvlly awar¢ of yi)rnmg ¢4$C5 Nl contributions. fwth¢r liw
BRIG SPARKS KINDERGARTEN LTD Report •f the Tr¢$ for the Yer Ended JI Augusl 2024 eond•ued The Fulllre e ollnued Bri8hi SkMTks is well4eSd in the local community. aThl we renuin ¢(rniff io pmyiding ihe hi8h standard of care cducation we are knm for. We take pride in offerin8 a WP1ce where statT feel supw)rt¢d both personally and wofessi(Nlly. We ar¢ clxffidcni that Brighi Srths will comin deliver OUts1kndi servicc. maintaini08 its position 85 Ihe first choice for hIghU11ty chilthare and dKation in the arta. tale treel, slbllltles The trustees aft rquirtd the Charilies kn 2011 PT¢W¢ financi sements fly each finaThr1 year which give a and fair vi¢w of the clwity's financial 1vill¢S the year WMI of its ruwKial posit1( at the eTrJ of )w. In yEpar1 fu1CIal Sthients 8ivin8 a In •Thl fair view, tr mtst¢es slhxld follow prr£tice aThJ: s¢le¢t suilable accounting lIcI¢S ihen aN)ly ihem ¢ffisistertly? make judgements and estUYW that are rclsonabk a1 stste whether applicable 0ntIng Standath and stsments of Tffommended 8CliC¢ have been followe& subjed any makrial &parnm th'5clos•J and ¢xplaincd in th¢ financial the chan'ry will co)nUe in (ry>u Tr trustees t rryKThible for k¢¢pti8 w xc(wnti rc¢4xds with reasonabl¢ •¢¢uw the finanml posilion of the charity whith amble them kn ascenain the finwKial position of the (trlty and ensurc thai thc fllwKial ststememts CnplY wilh applicabl¢ law and re¥ulaiioo& Thry are also resp)nsibl¢ f(Y saf¢8uardin8 the assets of the Chan"ty and 1ce f(Y uking rcasonaN¢ 5W)s f(Y the weven(ion MI det¢Ciion of and (Aher irre8ul*iiie& Wh¢n amounts are wesentrd within items in the profit I1 I5 ac¢ouni and balarre shect. the truslees have h¥1 re8ard substarKe of the rerM)rted transl0n ty aTran8emenL in with generlY ae¢¢Pl¢d a¢¢ouw IncipleS or Fyxtsce. 2(X)6 relating to small cornpame5. ved by the IM)ard 28 Awil 2025 $id on its beb•lf. Sarah Brow• Truslee
BRIGHT SPARKS KINDERGARTEN LTD ImdepeDde•t EuThkner'5 Reyt to the Trustees I report on the accounts of the CoMpY f the year eThJed 31 Aug 2024 set out on pa8¢s 6 to 12. RalIve reso$[l1¢S of tr1$ Ind examlner As the ¢hkrity's trustees of the Company (wlK• are also the thr¢thows of the CryAny for of Company law). you are Tespoftsibl¢ for the W¢F•Ni(m of acc(xmts in Kdae with lh¢ rtquirements of th¢ Con4)anics Act 2[ ('Ih¢ 21Kkn Act-). HaviD8 satssfied myself th the x¢ounts of the C(xryMny are )( requjred io be audiied for this year undcr Part 16 of the 2(KK) Aci are ellble for 11Kk¥I ¢xamini(xL l in res of my examinati1 of your chanty's accoiints as carricd out undcr Sl0n 145 of th¢ Clwi'tics Act 2011 ('Xhc 2011 Act"). In caTryin8 Out my ¢xamination. I htt follow the direL1ions Ven by the awiiies Commbssion (und¢r x£tson 145(5) Ib) of the 201 I ACL Indeptndenl exxmlner's sltement I haNe completed my ¢xaminaiiotL l firM N) m41eTial mthas have ¢onK to my attention which gives Ine Cal lo believe thii: accoiintin8 records were not kept in accordance with seaion 386 of the Companies Acl 21Kkn: the accounts do not ac¢ord with such reoxds: c the accounts do comply with relevant xcouNin8 requremthts under secti(m 396 of t Companies Act 2( Lxher than any requirement the accounts give a 'tnie and fair. view which is nol a matter considcrcd &s pan of an indcFrndent examinaltorL or th¢ acUllts ve t been prep in xc(Yd4ll with the Chan'ii¢s SORP (FRS102). I have no concerns and have come a¢ross no other matters ID conne¢tion with the eXamItion to which aft¢ntion should be drawn in this rqffi in order io enable a prq)er of the xcounts to be rea¢h¢d. NICOLA LEPITON FCCA Independen¢ ExamlDer Dexter & Sharpe Chartered Certlfled Accou•lnts The Old ,1¢arge Church Cloge BoslOQ. Uocolmlth PE216NA D*tt: 28 Aprfl 2025
BRIGHT SPARKS KTNDERGARTEN LTD Sttenmit of FInancI Art11$ IKluding IDcome and Expcndilure Account For Ihe Year Ended 31 Au%ust 2024 Total Funds Tr] Funds 2024 2023 otes LYCOh1E thD EXPENDITURE INCOMING RESOURCES IntomlnE Resources from 2Tated funds: A¢iiviti¢s f¢x 8eiKrniin8 fiu 19SJ22 158,982 212 TOTAL INCOMIYG RESOuRCs 195,922 159.194 Rew4rtes Exp¢nded: Chanble xii%'jiiei A T7h64 173.233 2,697 TOTAL RESOLTICES EXPENDED 180.458 175.930 YET INCO%IING RESOURCES FOR THE YEAR 15.464 (16.736) TOTAL FUND BROUGHT FORWARD 33.•34 49.770 TOTAL FUND CARRIED FORWARD 498 33.034 The Do*5 on pges 8 10 12 fonn F•rt ofthese fin111 nents
BRIGHT SPARKS KINDERGARTEY4 LTD Ballee Sherf as at 31 2024 2024 2023 N•t¢s Flxed As%el&' Inlanwbl¢ we Tan8ibl¢ asxts &132 6.902 S132 6.902 Currnwi Asts: 735 52J66 1.748 41.2 Cash ai b& WMI ia sjjoi 42.948 io Credltors: fallini d within onc y¢ 9h35 1&816 C¥rni Asjtts 43J66 26.132 TOTAL ASSETS LESS CURREYT LIABILITIES 4&498 33.034 FUliDS Unrestricied fimds W98 33.034 TOTAL FUNDS 4&498 33.034 The ehvithbl¢ comw is entidc41 kn eX¢nVi Mlil S¢rfion 4T1 of thc C4xrybJes A¢t 2( for the yar en&d J l 2024. The mistees have Th)t rtquired the ch•rityble eomwy kn oFAain wdil of its finwKiil stamMts for the y 31 Au8USt 2024 in xe0rdae with Sedi¢)n 476 of the c{Mry1C5 Acl 21X)6. The trusl¢es acknowled8e iheir ft5polI}ljl1ies for. (4) 387 ofthe C(xTynics Act XKffj' pr¢paring finan¢iil ststemrnty which wv¢ • fair vicw of stht¢ of •(fairs of the Charithble ¢4)mp•ny •$ It the end of fin•rKl year xl of its surplus or defi¢ii for fina111 year in Ydan¢e with the requirements of Sedjons 394 395 aTrl whb othcnvise comply with thc requirements of the Comp•llb Art 26 relaw SW¢ments. so far 4$ applicabk io the (b) Tknc finwxiil sLNtemcnts hve brtn wfpued ID acc with sp1 0VIsi( of IS of the Companies Au 2[j reljiin8 Chlbk •Dd the RenIn8 SL2Ddard for SMler Entilies (efftthv¢ A1 XK18). The ststements were Ipp¥¢d by the B(Ard ofTnMes 28 Awil 2025 Ind si8Md oa its ithf Sr•h Brown Dlredor and Tr¥gle¢ The on Fa8¢$ 8 w 12 fomi ofthes¢ fmwKiAI A•kn
BIUGirr SPARKS KINDERGARTEN LIMITED Notes to the 1 Sttements For Iht Year Eoded 31 August 2024 AccouNfLWG POLICIES Basb of Prerat of FInaAci State#Its The ruw1¢] 5tstements of chantsbi¢ c(ryany. w.hich is a public tiJefii entity under FRS 102. have been prew in xc(xdarK¢ wilh the Chariues SORP IFRS 102) 'Accourblin8 and RcwJrtin8 by Charili¢5: Staiement of Recornn Prxts¢¢ applicable io clwities prepann8 their xcounts ID Cordantt with tl FirthKial ReP1Th8 SiaThlud aN)IKable in the UK aTrl Republic of Ireland IFRS 102) (effeui%e l January 2015).. FInla1 Rewttng 102 'Th¢ Financial ReFoning Stsndard alcable in ipt UK and Rqwblic of IrelaThl' and Ipt Compniu Act 2(. The finarKial statemmts ha%'e been kxrpared the hiX(vial cost cMv¢nlion. In¢omln% Resourees All uxomwg resLNuces are incIled in the SOFA (Stsi¢nKrt of Fin•ncial Actii'ities) when Ihe chm'ty is kgally entiikd the i1)e aTMI th¢ amwll can Ix quanlified with [CasLble accurxy. G[ts art WIM t¢c¢iv Resources exrthkd art in the of Aaivilies (m an ac£ntyls bnsi incI1Ve of ny VAT be recovfffyl (Charlble exr%ThJiture) athl the ¢o5ts for the nmnin8 of th¢ charity itself as an or8anisation GocdwilL being the anKyJni ld in ccquKaion with wuisiti{ of the Iminess in Mwch 2(K T•nglble Flxed Assets liaiion is rKoMded * the folknw8 mMMI in thr * WTi off exh assd ¢)v¢r its ¢stsMa uscfid knf Fixftres 25% val Txlkni These swanents e weF4red the th¢ charity is ¢xeny s.505 IcfA Funds Ild by & chwity •re eidxr. URresYnctrd %eMernl - ilxse aye by wed in ac¢wthnce wilh the han'thbl¢ objcrts ai the diS¢T¢tiOD off the De5ixed/#d5 . these e funth scf by the of funth f within the obj'ects of tlK ¢hvity. Restrictions ise wheth sP.fied by the (Y wlxn
BIUGHT SPARKS KINDERGARTEN LIMITED Notes to the FInane1 Statements For the Year Ended 31 August 2024 eootln•ed 2024 2023 NET INCOMING RESOURCES Net inMmin8 reulfU gre slated after chw. 1.770 2.389 - 800dwill Independenl Examinati( A¢counwi¢y s¢tvic¢s Stsff C¢)As 2.160 537 146.911 454 152J08 STAFF COSTS Cban"tsble Activities 152J08 146.911 Costs consiA of: 146.440 143.780 3.131 Social Security Costs 152JO8 146.911 The avernge weekly Dumber of employtts w 2•24 2023 74.455 63366 74.455 44.617 INVESTMENT INCOME Bank interesl 212
BRJGHT SPARKS KINDERGARTEN LTD Notes to the FlnKll StAtements For th¢ Year Ettded 31 Au£wt 2024 tontlnued TAXATIO Anllysls of tbe tax ¢harye No liabilily UK co[)[110n lax arose on ordinary athivities for th¢ y¢•r ended 31 August 2024 nor for th¢ yar eoded 31 Au8USt 2023. CHARITABLE AcfiviTIES 2•24 2023 Wages Pensions Lunches Rent ral Insurance Light and he•t TclephoDe Ststionery Advenisin8 Travelling RepaiT5 and Activity M¢Tial5 ¢tc. Cleanin8 Sundry expe Courses I4 subscriptioos Bank clwg IkprecllloD: Fixiures and Fillin Nurs¢ry Equipmcni 152J08 1.942 149 2.518 713 3,137 $54 lJ21 146.911 1.695 6264 2,753 658 2,682 353 947 iJ95 1469 2.049 3,948 952 835 734 63 lJ72 775 70 iJ86 184 2,114 275 177,664 173.233 GOVERNANCE COSTS Ac¢ountancy aTha ofeSsial fees 2.697 10-
BRJGHT SPARKS KINDERGARTEN LTD Notej to the Fln*nc5al Statements For the Year Ended 31 August 2024 contlDued INTANGIBLE FIXED ASSETS GoDdwlll Cost: Ai I September 2023 and 31 August 2024 Amorthatlon: Al I Swember 2023 mI 31 AUS 2024 2,667 2.667 Nel Book Value: At 31 Aug( 2024 At 31 Augu 2023 TANGIBLE FIXED ASSETS Flsturn and Nur•ery Flttlnp Equlpmenl TOTAL Cost: At I S¢ptember 2023 31 August 2024 Depredadon: At I September 2023 Chu8e for year 34J22 4J16 3&838 4J78 3.758 31.936 1.770 At 31 August 2024 29.764 3.942 33,706 Net Book Vlle: At 31 Augu 2024 4.758 374 5,132 At 31 Augu 2023 558 6,2
BRIGHT SPARKS KINDERGARTEN LTD NI to the FlnAn¢lal Statements For the Year Ended 31 AUgt 2024 conllDued DEBTORS: AMouNfs FALLING DUE WITHAN OYL YEAR 2024 2023 Trade debt(Ks 735 1.748 io. CREDITORS: AMOUNTS FALLING DUE WITHIN OYE YEAR Trade creditor5 PAYE A¢¢nthls defened l¢Xne 14J97 4.245 5JOO 2.419 9.635 16.816 SHARE CAPITAL The compAny is irrforr<raled the Companies as a CLYnp•ny Limited by Guarantee. No share Capithl be¢n issd. In th¢ eveni of ib¢ company's winding up each member may b¢ requirEd io ¢ontribute an am¢xmt nL* excee41in8 £1 a contribution towards ihe debts and liabilitie5 of the company. 12-