Charlty reglstratlon nujnber 1122tr21 (England and Wales) THE CONSTABLE COUNTRY CHILDCARE . ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE CONSTABLE COUNfRY CHILDCARE LEGAL AND ADMINISTRATIVE INFORMATION Tntstees Dr Pavitt Hayley AIieriie James Harward number {Ensland and Wale8) 1122021 Reglgtered o£fice Unit 5 Riveyslde Business Centre Station Road Lawford, Marniii)stree COII IFI Auditor Streets Audit LLP c/0 The Old Exchange 64 West Stoek'well Street CoicliesteT E55ex COI IHE Banker8 Barclai'g Bank PIC Heart9 Delight Gaiden Centre Loiig Rd hlfinningkn'ee Coil 2EF THE CONSTABLE COUNTRY CHILDCARE CONfENTS Trustees, report Statement of ts￿stee$, respffluibilities Independent auditor'8 repoit Stateiiieiit of fin￿le1a1 acti14￿e9 Balance sheet io Statenient of iasli tIoN's .Noteg to the flnanciai statements 12-22 THE CONSTABLE COUNTRY CHILDCARE TRUSTEES, REPORT FOR THE IEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial strdtements for the year ended 31 D￿mber ?024. Tlie fill￿7claI statements have been prepared in accordaiice with the accounting policies set out in note I to the financial statements and compl!T Wxtii the charity's governing docunient, the Charities Act 2011, FRS 102 "The Finanei8J Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accounting d Reporting by Charities.. Statement of Recommended Practi￿ applicable to charlties preparing Ilieir accowts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" ObJectAves and athvitles The Obiects of the Chariti, are: l. To proijide tiitt wessaiv £Acilitie5 for tlie daily carc, r￿yeation and education of cl]Udi'eii, dw'ing 5¢1iool hours, and out ul School how's and througliout liolida}s, in the villages of Braiitham and East Bergholt In the cuunh. of Suffolk, and iii surrouiidin& areas accessible to tlie facilities proiiided bi- the Charit}', includllig aliLI 5en.ing the surrounding areas of North F3sex, and South Sulfo]k. l. Tr'o adpance the educadon and trainiiig of the persons In the provision of such earè, education and recreatior￿1 facilities. l. To acliiei'e all vt tlie aknve within a CE1r￿1￿ Christian e.thos. Piiblii beiiL'fit riie5e activities are coiisidered to be for the public beiiefit lli ruiming the cli￿.[ty, the Trustees hale regard for tlie Qharity Cunim15sion guidance oli piiblic beiiefit. Appllctstéoff of liiroiiie All incoiiie received. Eroin wliam'er source. is applied lli full to the rw)ning of the charii?". aiii4 to ttie achievenient of tiie Cliarit) s aAIiis. The cliariti. seeks lo achieve its olijects bi. the efficient utilisation of the preniises ZLvailable t(1 uq, Trai)iins aiii4 inceiitiirisi118 StaFf to aid in staff retL*ntion aiid ensure that faniilies in our care receTI'e tlie highest qualih. of caji,. Ive do all tliat we caii to nieet the needs of tlie coiiitnuiiitt'es it Serves whilst also seekiiig additt'oi￿I preiiuses to expancl capaciti, as tiie COiTmiunih' coiitiiiuey to groK'. The charih.. holLI significant funds Ns M'e continue to soek opy)ortunities to aequire iw prenii5es lo expand our seri-iLe otfei'ins to the coiiiinuiitty. Tiie trustees liave eyplored scvcral site5 lli the vear with a vieiv to desismiiig and billlLllng a purpose-built facility. to boost cApacits,. The search is oiigoing but it 19 hoped that the accui)iulated reser￿e$ will be sufticiait to coi'er the costs of acquisition, desi8n, construction aiid fitting Ollt a high quality setting wbi15t leavin,% sufticient funds to meet tlie ongoiiig needs of the cliarity and safeguard asainst any uiiforesewi enier8eiicies (such as a covid like epideniiL). THE CONSTABLE COUNTRY CHILDCARE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and per£omance SIO￿1￿"clz￿t aLtiuikteS iiiid Qiliieiicnien15 ognii?sl obieL'tiz4p4 Tlie charikn, ha5 recoi'ded a Si￿1￿cant surplus of ¢637k P023.. £470k). This ha5 resulted In o st￿711￿Cant increase in cash reser￿e5 anLI giveii the Ti'ustee5 and ￿lanageMe1]t Conunittee the confidence to pursue tlieir plans to grow. the sert.ice offering Th'ithout fear tliat it may put other Settings at risk. The incoine Froin cl￿ritable actisyities ha5 iiicreasecl froin £1.7m in 20?3 to £2.lin reflecting the excellent service we pic?vide to the loclll communih" and an incLea5e lli the number of childi'eii, aiid farnilies, benefitting from our aitiTritie5. The cliaritv took out a leaso on LTnit 5 Riverside Busll?ess Centre duiing the year. Tl]i5 serwes tl]e chai'ityi as botli a head otlico and a traiiiiii8 meetiiig place for tlie staff. Several coui'ses have beeii held at tiie ceiih'e a11d tiie inanagenient team have b￿n vew!. pleaged with tlie new facillties. taft reeentioii reinai21s higli anLI this is a key ubjeLtive of the niLILiagenient teRni M,ho believe that the charitt. cali best iiieet its- qualitl.- seri.-icc obj¥ctiI-es b)- Iraii)ing and retatnin8 high quaiihi staft. Flnanclal revlew Tlie charityp remains iii a strong financial position ￿]d 1$ actively exploring oppo1.￿1]ItIeS to increase the bei*fits PTOI'ided to faiiulies in the local con7rnuiii￿ witliout increasins incollie. This will e115ure tjiat tEie opei'atiii8 surplus Is ieduced in ￿tUre peripLls12026 anLI be!onLI). Tlie gokeriimeiil h¢15 Inipleineiited ali exi)ansion of free chilLlcare wliich ha5 seen a Lleci'ea£ed reliaiice oli pareTEt fe¢s aiiLI ali inirease iii the iiuiiiber ot fuiiLleL4 liour5 faiiiilies CaLi t'eceive. Tliis change lias hacl a significaiit inipacl oli the ihai'its. .iiid is the pi'iniay!. ieason tror imil'eased ￿rI]01.er in both the l'ear uiider I'ei-ieii. and the curreiil veal.. Thi increase iii aui. incDine 15 a ￿'eat op})orttiniti. fror us to increcise oui. IinfwiLled otferin8S to the comniiiiiitt. anLI ive reinaiii CDmiiiitted to exploring ii'as's to red.Jce tlie reciii'i'ing opeTÉlting sufpliis 1¢nd we M'ill puisue these opportunities itrhere eaii see that tiiei- are consisteLIt M'ith our charitsLble objects and provide beilefit to our coniniui)ities. Tlie cliai'iti. liolds LILlrestricteLI iiiiids os L?.2m as OF 31%1 Deceinber ?024 (2023.. £1.51111 aiid £1.7m (2023: EO.9ni} of èliesé al'è iiiirèsted iii loii- risk sai-iii8s accowits o£¥ei'tn8 conipètitive rthrib at miiiinial rtsk. {tLie vast iiiajoriii. are covei'ed b)t the FSC5 guaraiitee). It iy lioped that these fuiids cali be used Eoi. the ￿rti]erance of cliarity's objects in 2-3 ye￿S. '%'171('4 puIi(iJ It Is tlie policlr of the cliaritt, that unre5ti'icted fuiids ivliicli liai'e not been desi&iated for a specific use .shoulL4 be niaintsiLied at a lei'el equiitaleiit to between SIK and hvelve nionth's expenditure. T1￿ trustees cunsider tiiat reseri-.es &t thxs leN'el Miill eiisure tliat, in tlie eFent otr a signiftcant di'op in funding, the3, wryll be able to coiittnue the charitt s CULYent activities wliile i0L￿1deratl0n is gii'en to Ivai's in ivliicli additional fund5 1)ia}' be iai5ed. This lei'el of reserves l1as been exceed￿ tluougliout the !.'ear hoKiet'er tliis is pritnarili, due to Iiiieertaint!.- aroiind the funds iieeded for tlie antiiipated iiei%" setttng ￿Trd the inaLiilitE- to desig)iate tuiids towaids tliis until SLILli tiii)e as a ￿lable proposal 15 Put foi'ii ard and a Nryable costiiig obtained. Plans for futute perlods lil accoI'daiiie M'ith the chaiitl-'5 ￿libitiO11 tu reduLe its rellanie on renteLI &CiOTLiiiiodation lalbeil beiiefiltin¢T Froni geiierou5 LliaritalThle di5couiIts'j tlie cliarit!- acquired tlie freehold of TIie 1115titiite, piop)ertTr the cliaTih' pre%ious11' leased trrom tlie PCC. THE CONSTABLE COUNTRY CHILDCARE TRUSTEES, REPORT (CONTINUED) FOR IHE YEAR ENDED 31 DECEMBER 2024 Strncturei govvnan¢e and management The charity is unincorporated and run in accordance with ivs constitution as adopted on 21 Febrnary 2017. The trustees who setved duEing the year and up to the date of signature of the financial Staten￿nts were: Dr Jane Pavitt Hayley Aherne ]ame5 Harward Michael O'Brien IRe8igned 17 December 2024) Recn4itfftent £mdAppoiff Iment of trnslees TnLStees are appointed in accordance with the Constitution. Some appointsnents are ex-officio. As vacancies for Trustees aIise applications are sought from potential candidates known to the Tn￿tee$ and other suitable local people. App]icants are then consldered by the Trustees 7md appoinknents made by resolution of the Trustees and ratified at the At)nual meeting. New Trustees are brtefed by the Clerk and the existing Trustees oli the Eustory and activities of the Charity. They are provided with a copy of the Charity cOmn￿9$10n publication "The Essential Trustee, detsiling their responsibilities and providing guidance on being A Trustee. The new Trusts(s) islare provided with a copy of the Ch84rity Scheme and the iats&t audited accounts and nthutes. The day-to-day executive management of the Charity 18 delegated by Trustees to A Management Committee, comprtsing appropriately qualified individuals. The chairrnan of that committee is a Trustee, (during the Ye￿ this was initially Michael O'Brien and subsequently Hayley Ahemel. The other member5 of the Management Comtnattee are appointed by the lThstee5. The Management Committee reports to the Board OF Trustees, and may co-opt other suitsbly qualified individuals from the to lirne as necessary Remunerlltion policy The pa! of the Group Manager is set by the Trustees in accordance with a histaric benchmarking process to ensure that remuneration reflects value for the charity and fair wages for the employee. Oll￿r mittters None of the trustee5 have any Ewiefiaal interest in the tharity other than those employment relationsliips discbsed in the notes to the accounts. There have beon no relatsd party transactioTLg beyond those disclosed Tn the appropriate note b) the accounts and the charity does not have close ties with any other charities or organisations. The trustees, report was approved by the B rd OE Trustees. Dr lane Pavitt Chatr of trustees 27 October 2025 THE CONSTABLE COUNTRY CHILDCARE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee8 are responsLble for preparing the Trustees, Report tile financial statenients in accordan￿ with appltcable law aiid United Kiiisdom Accouiiting Stsndards (UniLEd Kingdoni Generally Accepted .4ccounting Practice). The lam. applicable to charities in England aiid ￿'￿eS requires the triistees to prèpare financtal statements for each financial i'eai. whieli sive a true and foir ￿leW of tlie state of affairs of the ciwlty and of the incoming resources ￿}d applicatioii of Lesoui'ces 0£ tlie charity Eoi that year. tn preparing these fuianeid gt3tenients, the trllsfres are requlred to: - select suitable accouiithig policies and then oppl) them collsistcntly; - observe the Ineti￿d5 and prlnciple5 iii tiie Charities SOiiP; niake jlidgements and estimates that are reasonable and prudent. Staee whedier applicable accounting St¢-￿I￿rdS hai'e [￿17 lollowed, subjeet to rnftteritil departure9 di8c105ed and explained in ttie ￿￿￿]Cial statements,. and - prepa￿ the fiiwiicial statemei)ts on the going concern basis ul￿e$S it i$ inappropriats to presume that the ch&rit5' M'ill continue in operation. Tlie trustees are i'esponsible fol IKeepliig sutficlent accoutiting reiOI'ds ttiat dlsc105e with reasonable accitrao.. at aiis, tiine the fiiiaiicial p05itioii ol tlie charitt- and eiiable theiii to eiisure that the financial stateiiients con)pl ).' with the Cliariiies .4ct 2011, tlie Cliaritt.- (.4cc01111ts and Reports) Regulatio1￿ ?008 8Jid the proTr isioi)s of the trust deed. T]ie!' are alsc) i'ebb)onsible IOT 5afeguardiiis ttie assets ot the thaiiti. aiid heiice for takin8 Tea5011able steps for the prevention ￿ld detectioii of fraud aiid otlier irregulaTities. THE CONSTABLE COUNTRY CHILDCARE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CONSTABLE COUNTRY CHILDCARE Opinion Ive have audited the finoncial statemeiits of The Constable CouThtrF. Childcaie (the 'cliarihll For the Vear ended 31 Deceniber 2024 which eornprise the strteili￿iÈ of fin￿]￿al actii'ities. the balance sli￿( the statemeiit OF cash tlows and notes to the kil￿1￿cIaL 5tstements, including si￿11f1canÈ accounting policies. Ttie Fin￿￿tal reporting fi'amework tiwt has been applied in their piEpaKation is applicable laiy and UDlted Kingdoni Accountins Str￿dards. iiicluding Financial Reporting Standard 102 T1￿ FinfifrIci41 Rerorling Stuiidfird IwpliLublc In tIFL UK und Rcpublit of Irclimd (Uniied Kingdoni GeneTaUJ AccepteLq Accounling Practice). In our opinion, the (inancial statanents: gile a true and fair ￿leW of tlie state of the chariiv'5 affair5 as at 31 Deceniber 20?4 and of its incoming resources aiid applic8tic)Ji of resources, for the irear tlieii enLled,. liave been propeTlI' pi'epareLq in accordance i¥'ith tiiiited Kiiisdc)m Generall}.- .4(c¥p￿d Accounting Pracace. I￿ve been prepared in accordance wttli the Charities Act 2￿], Ba6is for opinlon l.ve coiiduLteLI oiir audit lli accordLnce iiryth Inteniatioiial StaiiLlards on Auditing (UK) OSAS (UK)) kuid applicable law. Out re.9poi￿ib1littes UiiLler those stanLlards are trurtI￿r described in the Aiidili?1 5 Itg1?oir4ibilitiC4 foi- t1￿, Iluilil of fiiiiltliiiil btfttL>117i'iil.< sectioii ofr our report. I,Ve al'e llidependent of the ¢haritt' iii accoi'Llaiice witli the ethical i'eqiiirenients tliat are i'eLei-ant to our ailLlit of tlie fin¥tncial stateineiits in tlie UK, including the FRC'S El.liical Standai'd, and li'e liai'e fulfilled oui. other etliical reSPOLisiLiilities in accoi'dance i¥'itli Ilie%e i'equirèiTLents. Ive belteve that tlie audit ei'ideiice lye liai-.e obtaineL4 is SLifficieiil appi'opriate to proiide a basis Eoi. our opiiiion. Conclusion5 relatlns to goins concern lii auditiiig the tiiiancial stateiiients, i*?e ha￿e coiicluded tliat tlie trrustees, i15e of tlie goin8 ¢oiicerii basis of accovntiiis ui tlie preparation of the fiiiancial statenienL4 15 Appropiiate. Based on the ii'ork. il'e hai-e perfornied, M'e liai'e iiot identified anip material uncertainties i'elating to ekents or Loiiaitioiis thats indii'idualli- or collectLN'eli'. Iiiai. cast $i￿1ficant doubt on tlie charityr s abilLtI' tQ CQ11ti1)ue as a goi11g coiicei'n tor a period of at least tii?eli'e ii)onths froiii ii'heii the finaiicial stateiiieiits are aiithori5ed for issue. Oui. LespoEisibilikn"e5 aiid tlie i'esponsibilitie5 0£ tLie trusiees wiLii i'especl lo goiii8 coiicei'n ￿'e described iii tlie releiiaiit seLtioThs of this repoi't. Other Information The other iirforniatson ioniprises the informatioii incluiled in the i'eport other thali tile financial staleiiieiits iilq OLTrr auditor's report tjieieon. flie ts'ustees are ro5ponsiblL for the otlier inforniation contaiiied witliin tlie aiinual repiort. Oui. opinion on the ful￿]Cial statenients does not cover the other introriiiation and we do Llot express an}, form OF assui'ance conclusion tliereon. Our re8pon%iLillitS' is to read tlie other infoi'mation and, In doing so, consider 44Thether the other information is 111ateYiall!- inconsistent w'ith the £iiiancial statenieiits or oiir knoii'ledge obtained in thLS coiirse of tlie aiidiL or otllei'ii'ise appear5 to be iiiateriall!." niisstated. li iiE ideiitili, siich iiiaterial iiicoiisisteiicies or 8pparenl i1￿tel.1aI iiii551alenients, li'e are required to deteriiiine M-hethei. this gil'es rise to a iiiatei'ial nii5Statei)ieiit in tile financial stateinents dieinseli.-e.g. If. liased on tlie ii-oi'k M'e hai.-e ￿1'fO11lled, li'e conclude tiiat tlieie is a niaterial Inisstateiiieiit of this other inforiiiation, lite are requii'ed lo reporl t[￿t fact. Pve hai.-e iiothiiig to report lll this regard. THE CONSTABLE COUNTRY CHILDCARE INDEPENDENT AUDrroR'S REPORT (CONTINUED} TO THE TRUSTEES OF THE CONSTABLE COUNTRY CHILDCARE matte￿ on whlch we are tequired to report by exception Ive have nothing to iEport in respect of the following mattel's in relation to which the ChaTities {Accowits and Reporisl Regulations 21])8 requires us to report to if, in ouy opuiion.. the information given in the financial statenients is inconsisteTrt in any material respect with the trustees, report; or sutficient accouiiting records have notbeeii kepL' or the fiilancial statements are not in agreement witli the accounthig records; or we have not received all ti* iiiforni&tion and explaiiatioiis we require for our audiL Re8ponsibilltle$ of trustees As explained inore fuUI' iii tlie stateiiieiit of trustees, re.%ponsibiiities. the tTUStees are responsibLe for tlie preparation of the financial statenients and for bein8 satisfied that the! give a true and fair iJieMF aiid for siich internal control as the trustees deteriiiine is necessarv to enable ttie preparation of financial 5taleineiits that are free froni material mtsslatenien( wliether due to fraud or error. In preparing the finaiicial statenient5, the trusteeg are responsible for assessing the cLiarit)y's abilit?. to coi)tiiiue as a going conceril d?sclosiii8, as applicable, niatters JElated to goii concern ajid u5uig tlie going COLicerii bilsis of ftccountins unless tlie trustees either intend to cease opeiations, or liai'e ?10 realistic alternatii'e but to do so. AuditOL'S responslblliiles for the audit of the finanelal statements l.ve liai.-e L)eeLi ab)poiiited as auLlitoi' under secticjii 144 01 the Charities Act 2011 and repoi* in Accoi'dance with the Act aiid rele￿aTht re8ulaiioiis niaLle oi. liavins effect thereiiiiLler. Our obje(tiNes are to oL)tain reasoiiable assui'ajice about wlietliei. tlie financial statenieLits as a wliole al'e free froiLI material niisstatenient, 14.hether due to trraud or error. and to issue an aiiditoi s report tliat ircludes our opinioii. Reasoiiable as511rance is a bigli lei-el of assur￿]ce but 55 liot a guar￿lIee tliat ali aiidit coiiducl'eLI iii aicckii4aRice Iw'itli ISAS (UK) ii-.ill alii'ai-s detect a i)iaterial inisstateinent ii.hen it exists. lli58tateiiieiit4 caii arise Froiii fraiicl oi. LJri'or aiid are considereLfl iiiatei'ial ik, llidii.-idu&2111' nr iii tiie a881'egate, tlieli could rea.soiiabli, be expected to influence tlic ecoiioiiiic decTsion5 of users takeii oli the ba515 of these financial statements. Mie extent to ii-hich OUL procedures aie capable ok detecti1￿ iiyegularities, includins Iraud, is detailed beloi%'. THE CONSTABLE couKfRY CHILDCARE INDEPENDENT AUDITOR'S REPORT (coivfINUED) TO THE TRUSTEES OF THE CONSTABLE COUNTRY CHILDCARE Tlie audit tests, iiicludiiig plai￿Ing proceduies, adopted for the audÉt of t[￿e financial statemeiits are desigiied to asbess and detttt the risk of inegularities, including fraud. Our rrsk assessment of the likelihood of irregularities incliided ttie high degree of involvement of the experienced directors, which reduces tb.e risk of irresularities. In identifving ￿]d as5es5Tiig risks of material misstaternenl. in respect of ]rrL￿1[aritiQs, including fraud aT￿ non- conipliance kws and reguIatioib, our pi'ocedures ll￿1(1ded tlie followitig: The engagenient partney ensured that the engagenient te￿n collectively had tJie appropriate comFtence, capabilities and skills to identif), or ¥ecosnise non. fvaJnewoi'k4. We assessed the exteiit of coinpliance Mjlth the laivs and regulatSoDS identified above tEuougli makins eiiquiries of trustees,. and Id•iitified lais's and regulations Mpei'e coiiiiiiunicated ii'itliin die audit team regularly aiiLI the teani eiiiaiLied alert to uistaLice5 of iion-c(ii)Ipliance tbj'ougliout the audiL In response to risk5 iLleiitifieLI tlie following pi'ocedures M'ere perfornied.. Enquuie5 were inade to maiiagejiieiit reg&yding their susceptibilits. to fraud aiid theii. knov¥,ledge of aii)'- wrorL8 doing,. Anmlytikal proi edui'es aiid rei'ieM75 of key itein5 to assess for unexpected items,. judgements and a55uiiiptions in accouiitijig esliinates ii'ere a&5e55ed- and Internal control piocedures CODsidered that Mrould niitlgate fraud rT5k5. I'he ypeclfiL pi'ocediires performed to address the potential risk ot" fi'aud and iion-eonipllaiice to relev￿11 laws and regulatio1￿ are outlined below: .4n undei'staiiding of tlie revenue pi'oces5 ￿]d flow of financial inforination from the general ledger and determinatiun over its. correct das5ification withiii the Elli￿1claI statements Testing OE the cutaoff assertioii Ivas perfortrted b! ievieiving afte.r date baiikin8 records lo identifyi jteitts Ivliiih needed to be accrueLI or proi-.ided for wIti￿n the accountiiig period ￿Ing audite.d. .4dditionaLI}', same process iYa5 followed for expendi￿re. specific procedLire5 L'elats'iig to the i'isk ol inanaueiiieiit oi-eri'ide ii'ere coiiducteLI a5 part of oiir obligatioii uiider the L,K 15A's. To conduct diis, accouiiting recorL15 and adjustnients kept ii.-eie ￿l'[eN-ed fur ali!. abnormal aclju5tnientS. Specific procedures relatiiis to Elie compliaiice witii lasv5 fiLid regLilatiol￿ ui relatioLI to the provision of cliildcaye service5 uicludiiis the Offi'ce for Standa.-ds in Education (OFSTED). THE CONSTABLE COUNTRY CHILDCARE INDEPENDENT AUDITOR'S REPORT (CONfINUED) TO THE TRUSTEE5 OF THE CONSTABLE COUNTRY CHILDCARE Additionall!, procediires undertaken to respond to die risk identified included., Financial stateiiiait disclosure5 Teviewed b}, testing Étems to supporting documentation to ensure conipIiance witTi relevant laws Ar￿ regulations whicli wouLd haire a direct effect on the fii)ancial statements ial!*'cal procedlires were perfornied in order to ideiitity abnorinal relatioiiships betwe￿7 items wliich mav ￿￿icate material misstatement due to fraud. lanagement were enquired of any knowledge concerning actual anLI potential litigation claims and U￿tanceS of iioii-conipliance lor the veal. beAiig aiidited. Because ot the AnLierent limitation5 of an audit there is a rlsk that Tryill iiot detect all iri'esulaiities, includin8 t1705e leading to a material niisstatemeiit in the financial stateinenls or non-conipliance M'ith regwlation. This risk iticreases the more that con1pliaiice Mrith o laiir OT regulation is retno¥ed from the eN-eiits aiid Iraiisactioiis reflected in the fiiiancial 5tstenients, a5 M'e will be less likelv to becvnie aiipare of instances OF non-c0nip1i￿1£e. Tlip. risk is also greatei. resa]'ding iiresularitt'es occurring due to fraud rather than error, as tlaud involve9 inteiitional Concea1n￿n¢ foi'gei).. collusion, omissioil oi, iiiisrepyesentation. A further de5criptioii ot Olir responslbllities is ai'ailable on the Flnanoal Reportins Council'q website atr. httys:// wTh'iv.frc.or8.uklaLlditOL51'espoiuibilities. This description form5 part of our auclitur's repttrt. Other matter9 Yolli. atteiihoii is di'amiii to ttie lact that the choLihp lia5 prepared ftiwicial stateinents lli accordance wlth Accountiiig aiid Reporti1i8 b!, Cliaribes., Statcuieiit of RecoiiiiiienLled Pr&ctice applicable to cliarits'es prepai'iiis tlieii. accoiints in accoi'danie Mlltli tlie Flliancial Repoj'ting StatlLlard api)licable in tlie UK ￿]Ll Republic of li'e5Iliid (FRS 10?) (as aniendeL4) in Frefei'enLe to the .4ccounting 24 1,579 1,295,425 5,524 1.300,949 i et iNonie/lexpenditurel and movement in funds 64? j89 15,524) 637,065 475,156 {5,524) 469.632 Retoncllfiatlon of funds: Fuiid balances at l Januar). 2024 4?,2(F4 Ip69,004 1.048,639 50.733 1,099,372 Fund balances at 31 December 2024 1166,384 39,6 12n6,n69 I,j?9,795 4j,?09 IH69.004 llie 5knteinent of finaiiiial actii-ities iiicludes &ll sains and1055es recogLiised in the i'ehr. All uicome aiid expeiidTttii'e derive froni coiitinuing actii'itie5. THE CONSTABLE COUNTRY CHILDCARE BALANCE SHEET AS AT 31 DECEMBER 2024 2023 Notes Fixed a88Ct8 Tangible assets li 489,504 Cuzrent assetg Debtors Investtnents Cash at bank And in hand 13 14 lJ9,331 1,701146 170.082 134,747 940,927 395,798 1,991559 IA71,472 Creditor6: amovmts falUn8 due wlthin one year {274,994) P56031) Net ¢uttent asjets 1,716565 1,214,641 Total assets less current liabllitles 2,206,069 I,i69,004 The fund8 OE the tharlty Restiicted incomo funds Unrestricted funds 16 17 39,685 1166,384 1.523.795 2,206,069 1,569,004 The Anancial statements were pproved b the trugtees on 27 October 2025 Dr Jane Pavltt Chair of trustees THE CONSTABLE couNrfRY CHILDCARE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Noteg Cash flowg from Op￿atIng activitles h geiierated fto]n operations 21 628280 527,749 Investing activities Purthase of tangible Eixed assets Proceeds from disposal of Inve9ttnents Imve5tnient Tncome received (lJ8,823j (761,219) 66,096 {940,927) Net cash used In investlns activitie$ (853,946) 1940,9271 Net cash generated from flnan£lng activlties Net de¢rease in cash and cayh equlvalents (225,716) (413,178} Cash and cash eLiuivalents èt beginning DI )'eqr 395,798 808,976 Cash ￿la cash equlvalent8 at end of year 170,082 395,798 -li- THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountins policie8 Charjtv information The Constable Country Cliildcare is a unincorporateLI charitv registered in England. 1.1 Accounting convention The fil￿nCIal statements have been prepared lli ae¢ordance with the (harity 5 8oveniing aocumenL the Charities Act 2011, FRS 102 The Financial Reporting St￿ld￿rd applicable in the UK and Republic of Ireland and ti* aiarities SORP Accounting and Reporting b!, Charities: Stateinent ot Reco￿LMended Practice applicable to charitie5 pi'epartng their account5 iii accordanLE with tlie FinanLial fKeporting Stthdar(I applicable in the UK gjid Republic of lYeLaiid {FRS 10?)" Tlie elw1￿ is a Public Beiieftt Entsttr as defined b}. FRS 102. The financial gtatsnients have deP￿ted fronTr the Charities (AccouThts' alid Reports) Re8ulation8 2fKI8 only to t1￿ ektsit requyed to pi'oiide a true and fair view. Tlits departure has iiivolved following thc Statenient of Recommended Practice foi charitse5 applying FRS IU2 rather than the veision of tlie Statement of Recoiiiiiiended 14'actice Ti.hicli is reterred lo in tlie Regulatioiis but whlch lias since been ivitlidrawii. The fiii&ncial 5tatenients al'p prepareLI in 51erliii8, which is the fiinctional cui'reiic!" of the chai'iti,. hlonelaT!' aniountS iii tliese finaLicial statejiieiits are rounded to tiie nearest L, The financial statements. liai.'e bee.ii prepared UiiLlei' the lii51orical cost convention.The PTincipal accounting pollcles adoFited are Set oiit belom.. 1.2 Going concern .4t the tirtie of approi.'iiig the ￿1￿11(1a1 statemeiits, the trustees have a reasoiiable expectation that the charitt. Ius adeqLtate resouI'ce5 to continue in operational exi5tenLe for tlie fDI'eseeable futLira. Thus the trustees contiiiue to adopt the gouig concein basis ot accoiintirLS ill pi'eparing the filia1￿la1 statenients. 1.3 Charitable funds Lni'e5tricteil Eands are ai.iilable for U4e at the di5cI'etioii of tlie tru.stee5 in fiirtiiei'Aiice of theii. charitaL?le objectiTre5. Re5tricteLt funds are subj'ect to 5pecih'c conditions by doAioi's or grantors as to how th￿. Inas, be used. The purposes Aiid use5 OE tiie restricted funds al'e set out in LI￿ notes kn the fi'nancial stateniaits, Endowment funds are subject to specific conditions bi. doiioi's that the capitftl inust be iiiaintained by the cliai'ity,, 1.4 Iiicome Inconie is I'ecogrn5ed ii,litin the cliarity.- is legall!. eTriitled to it after an}, performance condittons have been met, thp an70(￿t5 can be measured relial711', anil it 15 probable diat inconie will be ieceived. Casli dOI￿lI0115 are Tec0￿][sed oli i'eceipt. Other donations are reco&iised once tlie charity lias been notified Df the doiiatioii unless peTEorlliance conditioiis iequire deferr31 of the aiiiount. lncuine tax recoi'eiable ILI retation to donation5 recei￿ed iindei. Gifrt_4id or deeds of coi'enant IS Lecogni5ed at the timLJ of the do]iation. Legacies are i'ecogni5ed oli receipt Dr othenYi5e if the charitr ha5 been notified ot ali iiiipendiThg distrtbLItion: die ainount is k'iioM'Li, aiid receipt 15 eAb)ected. If the aLiiount IS Llot knoww the legaci. is th'eated as a contingeiit a55et. THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE F￿ANCIAL STATEMENTS (CONTINUED) FOR THE IEAR ENDED 31 DECEMBER 2024 Accounting pollcfies (Continued) 1.5 Expenditure Expenditui'e is reco8nised onL*. there is a legal or Lonstructive obligution tD transfer economic benefit to A third party, it is probable lllat a trk)nsfer oEeeonomic benefits will be required in settienienL and tlie amount of the obiigatioii can be nieasur¢d reliabli,. 1.6 Tanslble fixed assets Ta1sible fixed assets are initiall}. measiired at cost al￿ subsequeiitl}' measured at cost or valuatiOTL net of depreciattoii aiid anlp Inipaiinient losses. Depreeiation is recognised so as to Trvrite off the cost or valuation of assets less tlieir Te$idual i'alues over ￿￿1r useful lives On the Eouowins ba5es.' F.Leehold land and buildiiigs Leaseliold land ￿]d buildings Fixture5 and fittiiigs .l.lotor ￿ehIcleS IO% Straight Line Deprectate over the teiT(L of the lease 201Vo Straight Liiie 25°. Reduciiig Balance oi. .0 Straiglit Line Tiie gain or1059 ￿lsing on the di5P05al of ali asset Is determined os the difference betsveeii the sale proceed5 aiid the carri'uig iralue ot the asset, and is recognised in the 5tEtteinent of FiliaL￿la1 actiiyities. 1.7 Impalnnelit of fixed a56ets -4t eacli reportiiig end date, the Lharih.- I'ei'ieii"s the carririiig aiiiouiits of Its taiigil)le assets to deteriiiiiie ii'lietlieL tliere is ￿lIr indication tIiat those assets liai'e suffered an iiiipairiiieiit loss. It ani, such indicatioii exists, the recoveLable aJ]iount ot the asset is estiLiiated ILI oi'dei. to determine the exteiit of the ii))paiYiTLent loss lif an!,). 1.8 Financial Tnstturnent$ The cliarith. has elLYted to appli. tlie proi'i5ioiI.s of £eclioii 11 'Basic Finaiicial 1115trui)ieiits' Section 12 'OtheJ' FiiiaThcTal In5ts'uiiient5 15511e5' of FRS 102 to all of its fiiiancial ll15tnunents. Bagic finaiicial instrumenLs are initiail), recosnised aL. transaction value aiid .sub4equeTitI}T nieasui'ed at amortised cost. FinELncial a55ets coniprise cash at bank and in hand, together with trade &nLI other debtors, A specific pi'ovision is tnade for debts for M,hich recoiyerabilitti is in doubt. Cash at bgnk and in h￿id is defined as ajl cash held ui instanl access bank accounts and usa as working capitaL Ini'e5tments, iiicludins those lll Sltbsidiar}' undertak'ings are held at fail. t'alue at tlie balancL slieet date. w'itEL gains and losses beiiig recoyused frtrithin intorne and e.xpenditure. r4iiiancial lialx'lities held al amortised cost coniprise all creditor5 except social gecuritsT and otlier taxes, deferred llicome aiid provisioiis. 1.9 Employee bep.efit5 T1￿ co.4t of an!- uniiseLI liolidai- entitlemeiit 15 reCO￿li9ed lli the period in wliicli the eniplo!-ee'g seririces are i'eceii-ed. Teriiiiiiatioii beiiefits are i'eiosniseil ininiediately as an expei)se when the charits. is den)onstrabl!"- comn)itted to terininate the einplovnient of ali emiilo)Tee or to pi'opide teiniiiiatioLi benefits. 13- THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Criticat ￿ountIng estimates and jitdsements In the application of the charity's accountin8 policies, die trusiees are required to make judgements, estimates and aSSi￿1Pl1OnS about the carryuiLT aniount OF assets aiid liabilities that are iiot readily apparent from other sources. Tlie estimates and as51Jciatecl asstsinpb'orL5 are bAsed on IiTStorical experiwice &id other factors that are considered to be relevant. Actual results mav differ from these e5timate5. The estimAte5 and underlying assumptions are reviewed on 9n onsoins basis. Revision5 to accounting estimate5 are recognised in tlie period in wliich the estimate is revised wliere the revi5ioiI affects ￿71￿.. that peTiod, or in the pej'iod of ttie revision and futuJe perlods where the revision aflects both current ￿]d tuture periods. The charity. applies a prudent ap&iLoach to provisioiillig for doubtful del)ts. Each }Tear the cliarit}F Mrill make IOOOA bad debt proi'isioii in respect 0£ Lill balances tliat remain due Érom the prior accouiiting period, and will niake a 50% provisi￿7 against bhJ&nces that reniain oiitstandiiig after six niontI￿. Tliis policv reflects In￿72ge1nengS assessnient of tiie likelihood of recovery and ensures that the fiiiaiicial stateinents present realistic view of the charihr's financial p09ition. Income from charitable activitieB Unre5￿1Cted funds 2024 Uiire8tricted funds Charitable Actlvity Service5 provlded under canti'act Performance related grants 1216,795 931n79 1.] 79,8Q4 i91,143 ? 147,874 'I,Tr1 1,0.17 Income from Inve8tment8 Untegtrieted Unregtrictea fund8 2024 Interest receivable .39544 THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE ENDED 31 DECEMBER 9024 ExpeiidIt￿e on charitable actlvities Charitable Activlty ch￿itable ACt[￿ty Direet costs Statf costs Depreciatioii and impairnte11t Books & Equipment Ofsted & OtI￿r Meiiibership Fees Ren¢ Rates & Room Hire Premises Expenses & Repairs IVa5te Disposal UniEoriiis TraiT)ing F.lectrir.ih, & Gas Telei)lione Iwlaterials, Con5wnables & Food lotDI-iii& Trai-.eL & Outgoing5 liscellaiieous & Peth- Casli E%peLves -4di'ei'tising Statf ￿l-e[taTe & Gifts Bad Debt I,1￿,020 13,683 26,604 4,486 I,OIXJ,689 24,91Q 24,052 4,380 22,78? 10,8'19 8226 2,146 2,020 6,81'1 3,658 40,506 5.794 70 48,9?4 4,284 102 4,696 519 91,910 18,OOU 1,407,679 1,182,465 Share of support and governance costs (see note 6) Goi-ernaiice In,865 118.484 L,579,544 1,300,Q49 Analysis by Eund L.nrestricted funds Restricted funds 1,574,0?0 5,524 1 ?95,425 5524 Lpi9,544 15- THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Support C06ts allocated to activities Staff cogEs Investmeiit Fees Ivliscellaneous Admln Co$ts Professional Fees Postage & Statioiier Governance costs 14U.631 2,094 3,940 13.061 95,323 7,867 9,294 6,000 In.865 118,4 knaly$ed between: Cliaritable Actiirytt. In,865 118,484 Net movement in fuiids 2024 2023 The net nioi'ellient in fund5 15 stated a￿T charging/(creditin8)'. Fees pai'able for tlie auLlit L)f the ch￿.1￿T'S financial statemei7ts Depreeiatioii of omryied laiigible fixed a8seL5 9,360 23,681 è,000 24,91Q Tru5tee5 None of tiie trustees (oi. an!. per5onfj connected M'illi tlieiiil i'eceived aiii. remiineration oi ben¢lit5 from Ili charih- dui'iiig the l-ear. Ti'ilstees are iiot reiiiuiierated or paid expenses for actiiig as Trustees. As proi.'ided in tlie c011sti￿tion the Eollowins Trustees are emplo}'ed bi the Cliarityr in the roles showrL Haylei. Aherne - Group Leader Amount5 I'elating to reniuneratioii for these services are disclosed Mithin Kev fvlanagement Personnel. Employees The ai'erage montI￿l- nuinLiw' of eniplol'ees durins tlie l'ear was.. 2024 Number 2023 Number 67 'l6- THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE FINANCIAL STATEMENTS (CONfiNUED) FOR THE IEAR ENDED 31 DECEMBER 2024 Employees (Continued) Employment tosts 2023 W&ge5 and salaries 1 ?65,651 1,096,012 The nuiiiber of eniplol'ees wliose aiiThual remUl￿ratiOn was more than £60,Otx) is as follows.. 2024 Number 2023 Nuniber £60,001 to £70,000 lo,￿7 to a?O,000 Remiineratlon of key management personnel Tlie reinLiiieratioii of kei, iiiaiiageiiieiil pei'5011nel was as follows.. 2024 2023 kl88resrlto coiiipensation 2?4,766 153,6S9 10 T8xation Tiie charit?- is exenipt Iroiii taxatioii uii its actii'its'es l)ecause all its iiicoine is applied for charithble piirpose5. 17- THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Tangible Eixed assets Fteehold laffjdi*aseholdlaThd F£xtures andMotorvehxcle8 nd bttildlnsh buildinss Eittxn Tofal Cost At I lanuar), 2024 Additions Transferred to owiier51iip 431,118 3581 3,642 49.4 4PA.134 158,823 151,358 99,431 {99,431) At 31 Deceiiibei 20?4 250,789 335.510 7,223 49,435 642,957 Depreclation and inipairment At I lanuaT! 2024 Depi'eciation cliarged in the year Transferred ts) oFvnershiF 1,3 23,126 6,577 129,77? 23,681 15fi60 {59,746) 59.746 At 3.1 Decernlier ?0?4. 59.746 61,187 29,703 153,453 Carrying a￿OL￿t At 31 December 2024 191,043 274,31ry 4,406 19,732 489.504 At 31 DeceMl￿l. 202 2,209 26,30 3j4 367 The freeliold properhT inclLILled iK"ithin fixed assets is lielL4 iii trust bi, Ilie. clui"iti"'s trustees 011 Liehalf of the charity.. Altliou8h legal tstLe is I'.ested in the truytees, the prnF?erh, Is l)eld to furtlier the cliarilable obIL￿tille5 otr tlie orgaiiisatioii and 15 accounted foi. as ali asscl of the cliariti. li) accord311ce K'illi Ilie Cliai'ities SORP IFRS 1021. 2024 2023 Fi'eehold I￿,043 12 Financial instrnment5 2024 2013 Carrylng amount of tinancial assets Instruments measured at fair value through profit or Ioss 1,70?.146 940,9?7 18- THE CONSTABLE COUNTRY CHILDCARE NOTES TO THE F￿ANCIAL STATEMENTS (CO￿[NUED) FOR TFf£ YEAR ENDED 31 DECEMBER 2024 Debtors 2024 20 Amount5 fall￿ due withln one ye￿. Trade debtors Other debtors 34,487 121A18 12.929 119,331 134,747 14 Current asset Investments 2024 unli.sted iiivestments 1,70? 146 940,927 15 Creditor8.' aniounts £alllng due wlihln one year 2(r24 2023 Ti'ade ci'editois Other creditors .4ccru