CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1st June 2022 Period end date Period start date To 31st May 2023 Charity name: Little Bears Daycare Charity registration number." 1124274 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its overnin document Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. We aim to provide quality early years education to children aged 04years Para 1.17 and 1.19 To provide nursery education for children who attend Little Bears Daycare. Our objectives are set to reflect our educational aims ofthe nursery. It is important to us that we maintain and improve the quality of provision that we provide. We welcome children from all backgrounds, children are assessed to ensure that we can provide the very best education to allow them to reach their full potential. We are an equal opportunity organisation and are committed to a working environment that is free from any fomi of discrimination on the grounds of Golour, race. ethnicity, religion, sex, sexual orientation, or disability. We will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled. Our setting is committed to safeguarding and promoting the welfare of all children and expects all staff and volunteers to share this wmmitment. In running Little Bears Day Care, we keep in mind the Charity Commissions Guidance on public benefrt at our trustee meetings. ststement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para1.18 Additional infomiation (optional) You ma choose to include further statements whère relevant aboLrt= SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on so¢ial investment including program related investment Volunteers from amongst the trustees and staff and also parents make voluntary contributions from time to time, for example by: Para 1.38 Contribution made by volunteers Helping to run fundraising events such as coffee mornings and fun days Donating raffle prizes and buying raffle tickets Attending fundraising evènts rtin onsored events Other Achievements and Performance SORP referenc* In FY23, Little Bears made a £26.5k105s. This was predominantly due to the cost of living crisis having a greater impact than anticipated. Little Bears is situated in an older building which is less energy efficient so was heavily affected by the rise in utility bills. There was also an increase in staff costs due to the increase in National Minimum Wage and the need for additional employees due to maternity leave. Due to fee increases from April 2023, Little Bears hopes to ensure the facility is in a better financial position for FY24. Summary ofthe main achievements of the charity, identfying the difference the charity's work has made to the circumstances of tts beneficiartes and any wider benefits to Society as a whole. Para 1.20 Little Bears continues to use fundraising events to help financially support the nursery and remain5 popular as a childcare provider in the community- Staff have worked hard throughout the year to earn Ofsted outstanding which we hope will ensure that there continues to be the demand for our setvices. Additional infomiation (optional You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Perfomiance of fundraising activities against objectives set Para 1.41 Investment performan against objectives Para 1.41 Other Financial Review Review of the charity's financial position al the end of the period Para 1.21 The Financial results for the period are attached. The trustees report a poor tumover, with a loss of significant amourrt. There are many fartors for this loss, change in staffing levels and one to one money having to be spent in this financial ear rather than Ihe revious financial ear. Little Bears Day Care needs ￿SerVeS in order to.. Meet redundancy liabilities should we have to close. Ensure there are sufficient cash reserves in the current account to cover day to day running costs. Repla￿ equipment due to wear and tear and interior Maintenan￿ as when needed. Unexpected costs such as mver for illness or matemty cover. Cover running Msts during periods of lower income {e.g. summer holida s when fundin falls £30.000 ststement explaining the policy for holding reserves ststing why they are held Parn 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 Para 1.24 Para 1.23 Additional infomiatlon (optional) You ma hoose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.48 A description of the principal risks facing the charity Para 1.46 other Structure, Governance and Management Description of charrty's trusts.. Type of governing document Para 1.25 Conslitution How is the charity constituted? Para 1.25 Trustees Trustee selection methods including details of any constitutional provisions e.g. election lo post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trustees are elected or re-elected at the Annual General Meeting held in the Summer Term. Members can be co-opted at any time throughout the year, until the next AGM, on the invitation of the current trustees. Additional infonnation (optional) You ma choose to include further statements where relevant about" All trustees have DBS Checks and register with Otsted by completing an EY2 Form. Trustees are also asked to sign a declaration of confidentiality and trustee code of conduct. Policies and procedures adopted for the induction and training of trustees Para 1.51 We work with Brownlow Community Centre and help them raise funds throughout th& year to help fund the building we rent. The charity's organisational structure and any wider ne￿ork with which the harity works Para 1.51 Little Bears Day Care is a member of the Pre-school Learning Alliance. which offered guidance and support for Pre School settings. Relationship with any related parties Para 1.51 Other Reference and Administrative details Chari name Other name the cha uses istered charit number Charity's principal address Little Bears Da Care 1124274 Brownlow Community Centre. Claypit Street, Whitchurch, Shropshire SY13 1 LF Names of the charity trustees who manage the charity Dates acted if not for vthole ear Tn￿teE name Office lif any) Name of person lor body) entI￿•d ointtrustse ifa Beverty Stokes Magaret Watkins Michelle Read Jennifer Ledward Jenny Beecher Elinor Thrivilas Chairperson Treasurer Secretary Sept 22 to Jan 23 10 12 13 14 15 16 17 18 19 20 orate trustees- names of the directors at the date the re Director nam¢ ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dates actsd rf not for whole ear Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian harity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional inforniation (optional) Names and addresses of advisers (Optional infomiation) Type ot Name Address adviser Name of chief executive or names of senior staff members (Optional Inforniatlon) Exemptions from disclosure Reason for non4isclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees. report above. Signed on behalf of the charity's trustees Signature(s) Full name(sl Position (eg Secretary, Chair, etc) Mic Date Profit and Loss Little Bears Day Care For the year ended 31 May 2023 2023 Turnover Fund R3ising Fundinglcouncill OtherRevenue 3,60&73 81.298.23 16.035.23 Sales 243.871.61 TotslTumo¥er 344,Ui.80 Cost of Sales Arts &Crafts 746.62 DirectW4ges Food &Orink 136.001 2,7￿.38 Holiday Clublschool Run Holiday Non BusinessTransactions 3.49 6,273.32 Total Cosrofsales 9.785.81 Gross Profit 335,02599 Administrative Costs Adverrising& Marketing Audit&Accountancyfees Bank Fees 498.18 805.20 791.10 Batteries 15.42 Bins/Waste 3.285.28 Cleaning Employers National Insurance Firstthdl Health & Safety Fund RaisingExpenses Fund Rèisingpurchases Garden Items 630.17 16517.02 329.42 303.14 2,068.92 198.76 General Expenses Insurance 2,235.98 567.60 IT$of￿a￿and Consumables 2J17.95 Legal &Ypense5 Pensions Costs 6.195.27 7,733.72 377.96 PlèyEquiprnent Prfnting&ststionery Rent 1,712.73 17,833.OQ 117.18 Repairs& Mèintenance Salarie5 290,760.69 12T2.10 Staff Training Subscription5 Teiephone&lnternet Toys 2.909.08 860.46 705.00 Profitand Loss ttle DtyCar* 25Mar20Z4 Page lof2 ProfitJndL055 2023 Travel ExpEn5e5 Uniform 6182 604.03 YotalAdmini5tr3tive Costs 361.708.18 Operating Profit 126,682.191 Profit on OrdinaryActivities Before Taxation 126,682.191 Profit afterTaxation 126,681191 ProfftandLoss LitdeBearsDayCare 2SMar2024 Paze2of2 Balance Sheet Little Bears Day Care As at 31 May 2023 3LMAY2023 Fixèd Assèts Tan ibleAs5ets ComputerEquipment Fumiture For Rooms 64ZIX) 870.OD LÈ8sehold Improvements OutdoorArea Toys TotalTarbwbleA55ets 626.34 80.93 4219.27 Total FixedAssets 2219.27 Current Assets Cash at bankand in hand Little Bear5 IBarc13y'51 Stripe rotalcash atbank and In hand 4135190 46.921.44 Accounts Reoivable 17.085.281 142.401 39,793.76 Petycash Total CurrentAssets Credltors: amounts fallin Accounts Payable HMRCWage Payments PAYE Payable Paypal Pensions Payabl Pettycash 17118 PettyCèshAccourtt Rounding StudentLoan Deductions Payable Suspense Wage Control Wages Payable- Payroll World Pay TotalCreditoN amountstalbngduewithin oneyear due within one ear 1887.251 33,443.07 110.819.731 5,110.56 190.841 455.77 10.83 3.56 L19.70 I￿.39) 208.30 434135 31,879. Net CurrentK%sets ILiabilities} 7P13.80 Total Assets less Current Liabilities 10,133.07 NetAssets IOJ33.07 Ca ital and ReseNes CurrentYearEamings Retained Earning5 Totalcapital and Rè5erve5 (26.682.191 3$,815.26 10,133.07 Balanc*Sh**t Littl*Bea￿DaYC3r￿ 25Mar2024 Pagelofl ## **Independent examiner's report on the accounts** |**Section A**
**Independent Examiner’s Report**|**Section A**
**Independent Examiner’s Report**| |---|---| |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**
**Independent**
**examiner's statement**|Charity Name
LITTLE BEARS DAYCARE
31ST MAY 2023
**Charity no**
**(if any)**
1124274
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/05/2023.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
[The charity’s gross income exceeded £250,000 and I am qualified to
undertake the examination by being a qualified member of The Association
of Accounting Technicians (AAT)| I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. - _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**||19.03.2024| |---|---|---| |||| ||LIAM O’NEILL|| 1 **Oct 2018** **IER** ## **Relevant professional** MAAT – ASSOCIATION OF ACCOUNTING TECHNICIANS (AAT) **qualification(s) or body (if any):** **Address:** CHURTON ROAD FARNDON CHESHIRE, CH3 6QP ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **Oct 2018** **IER**