Kingsland Kindergarten Limited
A Charity and a Company Limited by Guarantee
Trustees’ Report and Financial Statements
For the period ended
30[th] April 2024
Kingsland Kindergaten Limited
Annual Report & Accounts 2022 - 2024
This 15[th] Annual Report of the Trustees includes the financial statements for the period ended 30[th] April 2024. The report follows the order set out in the Charities (Accounts and Reports) Regulations 2008. The review of achievements and performance section gives a rounded view of the Trust’s achievements, together with activities involving beneficiaries and community partners. The statement of the Trustees’ accounting and reporting responsibilities is included under the section of Structure, Governance and Management.
| Index | Page |
|---|---|
| Trustees Report | |
| Reference and administrative information | 1 |
| Structure, governance and management | 2-3 |
| Objectives and activities | 4 |
| Achievements and performance | 5 |
| Financial review | 5-6 |
| Future Direction and Plans of Organisation | 6-7 |
| Independent Examiners’ Report to the Members of | |
| Kingsland Kindergarten Limited | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10-11 |
| Notes to the Financial Statements | 12-16 |
Kingsland Kindergaten Limited
Trustees Report for the period ended 30[th] April 2024
The Trustees who are also directors of the charity for the purposes of the Companies Act, present their annual report and the financial statements for the period ended 30[th] April 2024.
Reference and administrative information
Trustees (also Directors) Rev Dave Street Robert Dowle S Goddard Registered Charity Number 1128346 Company Registration Number 06747568 Registered Office Charter Court 2 Well House Barns Chester Road, Bretton Chester CH4 0DH Accountants Bradshaws Limited Chartered Accountants Charter Court 2 Well House Barns Chester Road, Bretton Chester CH4 0DH Business Addresses Kingsland Kindergarten Limited Eaves Lane Bucknall Stoke on Trent ST2 9AS Bankers: Barclays Hanley Branch 36 Town Rd. Hanley Stoke On Trent ST1 2PJ
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Kingsland Kindergarten Limited
Trustees Report for the period ended 30[th] April 2024 (cont’d)
Structure, Governance and Management
Governing Document
The governing document of the Charity which is a company limited by guarantee is the Memorandum and Articles of Association of the company which was incorporated 12[th] November 2008.
Statement of trustees' responsibilities
The trustees (who are also directors of Kingsland Kindergarten Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS 102);
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company’s auditor is unaware; and
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• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
Recruitment and Training of Trustees
The Charity’s elected Trustees are appointed at the Annual Meeting of the Trust on the basis of nominations received from the Executive Committee to the Trust’s specification concerning eligibility, personal competence, specialist skills and local availability. New Trustees are inducted into the workings of the Charity including Policy and Operational Procedures.
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Kingsland Kindergarten Limited
Trustees Report for the period ended 30[th] April 2024 (cont’d)
Organisational Management
The appointed and elected Trustees of the Charity are legally responsible for the overall management and control of the Trust. The members of the Board who meet on a minimum of three occasions annually carry out the work of implementing most of their policies. One additional meeting is held specifically to approve the budgets and finalise the Financial Accounts and Trustees report for approval by the annual meeting of the Board of Trustees. The Board works under the chairmanship of the Chair of the Trust. The Board has adopted the Code of Governance published by the National Governance Hub as a means of building governance capacity and skills.
The day to day running of the Trust is delegated to the Chairman and the Nursery Manager who report to the Board at their quarterly meetings.
Risk Management
A formal review of the Charity’s risk management processes is undertaken on an annual basis.
The key controls used by the Charity include:
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Formal agendas for the Board of Trustees, Executive Committee and all subCommittees;
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Detailed terms of reference for all Committees;
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Comprehensive strategic planning, budgeting and management accounting;
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Established organisational structure and lines of reporting;
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Comprehensive policies to ensure that all insurance risks are covered
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Formal written policies;
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Clear authorisation and approval levels and
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Vetting procedures are carried out for adults to safeguard the reputation of the Trust and to minimise the risk of inappropriate persons being accepted as employees or volunteers.
Systems of internal control include:
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An annual budget approved by the Trustees
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Appropriate delegation of authority and segregation of duties
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Identification and management of risks
Through the risk management processes established for the Trust, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately safeguarded against material mismanagement or loss.
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Kingsland Kindergarten Limited
Trustees Report for the period ended 30[th] April 2024 (cont’d)
Objectives and Activities
Charitable Objects
The aim of the Charity is
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a) To enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through a community group by:
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i) providing safe, high quality group play in which parents have the right to access, ensuring that this group offers opportunities for all children, regardless of race, culture, religion or disability;
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ii) encouraging the study of needs of such children and their families and promoting public interest in and recognition of such needs in local areas;
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iii) encouraging other charitable activities through which parents may help the children;
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b) To further the development and education of boys and young men and girls and young women through their leisure-time activities so as to help them achieve their physical, mental and spiritual potential so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved.
Aims and intended impact
We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability. We will make reasonable adjustments to meet the needs of staff or children in our care who are or become disabled.
Public Benefit
The public benefit that Kingsland Kindergarten is providing is quality childcare and education to children aged 0 to 11 years in and around the Stoke on Trent area that subsequently enables parents and carers to access work, education and leisure time activities. Subsidised and free childcare places are available to all users through government funded and nationwide initiatives.
In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission’s guidance on public benefit. As a charity, the parents of our children have the assurance that all our income must be applied for the benefit of the children attending our settings.
Principal activities of the year
The Nursery Manager has been maternity leave. Another member of staff stepped up to this role in the interim period with the help of senior leaders from the Academy supporting with safeguarding, SEN and general running of the Kindergarten. Both the manager and acting manager have continued to work hard encouraging, coaching and supporting staff training and increasing parents and carers’ involvement in their child learning.
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Kingsland Kindergarten Limited
Trustees Report for the period ended 30[th] April 2024 (cont’d)
Achievements and performance
As mentioned in previous reports the Kindergarten suffered greatly during and after the Covid pandemic, this has resulted in only being able to offer funded places as despite we have not been able to recruit enough new fee paying starters.
We continue to use the space within the Lighthouse Centre, but the Academy is allowing us to have this without cost and the moment. However, it has been agreed that when we are in a more secure financial position this will be look at with the intention of making this payment in lieu. We will continue to work with Kingsland Academy and utilise their space and expertise including management and administration, at no cost due to financial implications, again to be looked at in the future.
Staff salaries are looked at annually and continue to be in line with the national living wage, with additional payments made as appropriate. All staff continue to be enrolled in the pension scheme.
The outdoor facilities continue to be a great asset to the Nursery but it looking a bit tired at the moment so we will be working on this in conjunction with the Academy.
We value our staff members and continue to support them in improving their qualifications, by providing staff study days, and valuing the work that they provide for the children. We are a setting who prides ourselves in supporting children with additional needs and we are highly recommended by other professionals. We provide our staff with right training to support the children and ensuring that our workforce stays up to date with the changing world of Early Years.
Financial Review
The Kindergarten was absorbed into St. Bart’s Multi-Academy Trust on the 30[th] April 2024. Accordingly these financial statements are for a period of 18 months. During this period the income has fallen significantly and most of the costs have also fallen compared with the previous year. It was noted that no rent had been charged to the Academy for the previous two and a half years. This has been calculated at £27,500 per annum representing a charge in these financial statements of £68,750. These results are after the depreciation charge of £2,246 (2022: £1,960). The Kindergarten has final reserves £44,123. At the end of the Charities Activities the balance sheet is showing that the Kindergarten has net assets of £44,123 (2022: £30,320).
Incoming resources
During the year the company received fee income from the parents and fee income from the council by way of funding, for the provision of the nursery. The fee income from the parents came in two forms either payment directly from the parents or by way of childcare vouchers from the parents employers. The fee income from the childcare vouchers is a tax efficient way for the parents to receive their wages and pay for childcare as the vouchers are deducted before tax and national insurance.
Resources expended
All Trustees give of their time freely and no remuneration or expenses were paid in the year. No Trustees or person connected with a Trustee received any benefit from use of our childcare facilities in the year on more favourable terms than available to the general public.
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Kingsland Kindergarten Limited
Trustees Report for the period ended 30[th] April 2024 (cont’d)
Reserves Policy
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, which are the free reserves of the charity, should be between three and five months of general (unrestricted) operating costs and the Trustees consider that this policy provides sufficient funds to cover wages, redundancy, management, support and administration costs and unforeseen expenditure and to be able to continue the activities of the charity in the event of a significant drop in funding, or business interruption. The free reserves at the 30[th] April 2024 are £63,469 (2022: £63,665) short of within the above policy; however the Trustees will continue to work towards this target.
Investment Policy
The Investment policy adopted by the Trustees is to maintain a high standard of the assets of the Trust and implement a programme of continual development to optimise their use in line with the Charity’s objectives.
Future Direction and Plans of Organisation
We will continue to work closely with Children’s services and safeguarding the children to ensure they receive appropriate care and education. The Trustees will continue to offer free lunches to the neediest families to ensure that they have a well-balanced diet.
As a result in the drop of fee paying childcare places the Trustees have agreed that to safeguard the future provision the Kindergarten continues to remain open but for funded children only. The Trustees continue to believe that this is the only option if the nursery is to remain open and have no intention to change this at the current time. The future of the Kindergarten will be discussed and monitored closely to ensure its sustainability, with a possibility of it becoming part of the school.
In addition to this the Kindergarten will consider;
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More opportunities to take the children on trips and outings so that children have the opportunity to explore the wider community and other areas. This is to enable the children to have real life experiences.
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To continue to support staff with regard to the government stating pensions for all employees.
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• To continue to offer more opportunity for professional development for the management and other staff.
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To develop the tracking of children’s progress using an online system that is in line with Kingsland Nursery and Academy, as this is where the majority of our children move on to.
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To keep the website relevant and up to date
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To continue to engage parents via a range of stay and play sessions.
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To continue to review and update as necessary all relevant policies and procedures including safeguarding and SEN.
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To ensure smooth transitions for our children as they move on to nursery or reception through transition meetings and moderations.
The Trustees acknowledge the rewards for continuing to support staff to gain further qualifications and skills, to enhance the existing work force and provide high quality staff and work towards all staff having a full level 3 childcare qualification.
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Kingsland Kindergarten Limited
Trustees Report for the period ended 30[th] April 2024 (cont’d)
Significant events since the period end.
There have not been any significant events since the period end.
Reporting Accountants
A resolution will be proposed for the re-appointment of Bradshaws Limited, Chartered Accountants and Registered Auditors of Chester as the Independent Examiners.
Bankers
The bankers to the Trustees remain Barclays.
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Declaration
I declare, in my capacity as charity trustee, that: -
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the trustees approved the report above on the 27th January 2025
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have authorised me to sign it on their behalf
S Goddard Trustee
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Independent Examiner's Report to the Trustees of Kingsland Kindergarten Limited
I report to the charity trustees on my examination of the accounts of the company for the period ended 30[th] April 2024 which are set out on pages 9 to 16.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
A Bradshaw Bradshaws Limited Chartered Accountants and Statutory Auditors
Charter Court Well House Barns Bretton, Chester CH4 0DH
27th January 2025
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Kingsland Kindergarten Limited
STATEMENT OF FINANCIAL ACTIVITIES
(including income expenditure account) for the period ended 30[th] April 2024)
| Income 2024 Notes Unrestricted Funds Restricted Funds Income from Charitable activities 3 270,134 - Income from Investments 4 147 - _ _ Total Income 270,281 - Expenditure Expenditure on Charitable activities 5 256,478 - _ _ Total Expenditure 256,478 - Net Income / (Expenditure) 13,803 - Reconciliation of Funds Total Funds brought forward 30,320 - _ _ Total funds carried forward 44,123 - |
2022 Total Unrestricted Funds Restricted Funds 270,134 202,161 - 147 45 - _ _ _ 270,281 202,206 - 256,478 219,200 - _ _ _ 256,478 219,200 - 13,803 (16,994) - 30,320 47,314 - _ _ _ 44,123 30,320 - |
Total 202,161 45 _ 202,206 219,200 _ 219,200 (16,994) 47,314 _ 30,320 |
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_ |
The notes on pages 12 to 16 form an integral part of these financial statements
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Kingsland Kindergarten Limited
BALANCE SHEET
As at 30[th] April 2024
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand 11 Liabilities Creditors falling due within one year 12 Net current assets Total assets less current liabilities Net assets The Funds of the Charity Unrestricted income funds 13 Total Charity Funds |
2024 £ 18,682 98,387 _ 117,069 (73,672) |
£ 726 43,397 __ 44,123 _ 44,123 44,123 ___ 44,123 |
2022 £ 9,547 26,996 _ 36,543 (8,875) |
£ 2,652 27,668 __ 30,320 _ 30,320 30,320 ___ 30,320 |
|---|---|---|---|---|
The directors’ statements required by Section 475(2) and (3) are shown on the following page which forms part of this Balance Sheet
The notes on pages 12 to 16 form an integral part of these financial statements
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Kingsland Kindergarten Limited
BALANCE SHEET (cont’d)
for the period ended 30[th] April 2024
For the period ending 30[th] April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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the directors acknowledge their responsibilities for complying with the requirement of the Act with respect to accounting records and the preparation of financial statements.
The financial statements were approved by the board on 27th January 2025 and signed on its behalf by
S Goddard Trustee
Company Registration Number: 06747568
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Kingsland Kindergarten Limited
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 30[th] April 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding period.
1.1. Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no uncertainties about the Trust’s ability to continue as a going concern over the next twelve months.
1.2. Fund accounting
Funds held by the Charity are:
Unrestricted general funds – General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Grant fund – these are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects
1.3 Incoming resources
All incoming resources are included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1.4 Grants payable and receivable
All grants are accounted for gross when receivable. Grants payable are recognised as expenditure when the commitment is entered into.
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Kingsland Kindergarten Limited
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the period ended 30[th] April 2024
1.5. Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
1.6 Investments
Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activities.
1.7 Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life as follows;-
Fixtures, fittings and expenditure
- 20% straight line
2 Cashflow statement
The Charity is exempt from the requirement to prepare a cashflow statement because it is a small Charity.
| 2024 Unrestricted Funds Restricted Funds 3 Incoming Resources from Charitable activities Nursery Education Grants 202,988 - Fees at Nursery 68,046 - __ _ 270,134 - 4 Investment Income Bank Interest Receivable 147 - ___ 147 - |
2022 Total 2024 Unrestricted Funds Restricted Funds £ £ £ 202,988 109,202 - 68,046 92,959 - __ _ 270,134 202,161 - 147 45 - ___ 147 45 - |
Total 2022 £ 109,202 92,959 __ 202,161 45 ____ 45 |
|---|---|---|
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Kingsland Kindergarten Limited
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the period ended 30[th] April 2024
| 2024 5 Cost of charitable activities Unrestricted Funds Restricted Funds Costs directly allocated to activities:- Play supplies 589 - Food 2,364 - Wages 156,194 - Staff Training 485 - Rent 68,750 - Rates 1,970 - Insurance 2,011 - Printing, postage andstationery 125 - Care Taking 1,858 - Bank charges 219 - General charges 576 - Repairs 2,848 - Phone 1,017 - Depreciation 2,246 - Accountancy charges 3,821 - Subscriptions 847 - Subcontractors - - Kingsland Academy Recharge 10,558 - __ _ 256,478 - 6 2024 Unrestricted Funds Restricted Funds Staff numbers and costs £ £ Wages 165,453 - Employer’s NIC (11,860) - Pension contributions 2,601 - ___ 156,194 - |
2022 Total 2024 Unrestricted Funds Restricted Funds 589 1,502 - 2,364 6,906 - 156,194 184,906 - 485 700 - 68,750 - - 1,970 729 - 2,011 1,113 - 125 282 - 1,858 2,109 - 219 995 - 576 772 - 2,848 1,878 - 1,017 759 - 2,246 1,960 - 3,821 3,268 - 847 3,212 - - 3,322 - 10,558 4,787 - - __ _ 256,478 219,200 - 2022 Total 2024 Unrestricted Funds Restricted Funds £ 165,453 173,820 - (11,860) 8,688 - 2,601 2,398 - ___ 156,194 184,906 - |
Total 2022 1,502 6,906 184,906 700 - 729 1,113 282 2,109 995 772 1,878 759 1,960 3,268 3,212 3,322 4,787 - 219,200 Total 2022 £ 173,820 8,688 2,398 ______ 184,906 |
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There was an average of 10 (2022: 14) members of staff in the year. The key management personnel of the charity comprise of the Coordinators. The total employee benefits of the key management personnel of the Trust were £24,590 (2022: £22,950). No employee of the charity received emoluments of more than £60,000 (2022: none).
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Kingsland Kindergarten Limited
NOTES TO THE FINANCIAL STATEMENTS (cont’d) For the period ended 30[th] April 2024
7 Trustees’ remuneration and expenses
None of the Trustees received any remuneration for services to the Trust. The Trustees did not claim expenses incurred on behalf of the Charity.
8 Taxation
The Charity's activities fall within the exemptions afforded by the provisions of the Corporation Tax Act 2010. Accordingly, there is no taxation charge in these accounts.
| 9 Tangible Fixed Assets Fixtures fittings and equipment Cost At 1stNovember 2022 £ 25,896 Additions 319 __ At 30thApril 2024 26,215 Depreciation At 1stNovember 2022 23,243 Charge for the year 2,246 _ At 30thApril 2024 25,489 Net book values At 30thApril 2024 726 At 31stOctober 2022 2,652 10 Debtors Total 2024 £ Trade debtors 3,893 Prepayments - Taxation and social security 14,789 ___ 18,682 11 Cash at bank and in hand Total 2024 £ Bank accounts 98,387 Cash - . 98,387 |
Total 25,896 319 __ 26,215 23,243 2,246 _ 25,489 726 2,652 Total 2022 £ 3,333 742 5,472 ___ 9,547 Total 2022 £ 26,996 - . 26,996 |
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Kingsland Kindergarten Limited
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the period ended 30[th] April 2024
| 12 Creditors – amounts falling due within one year Total 2024 £ Taxation and social security 1,221 Accruals 72,452 __ 73,673 13 Analysis of net assets between funds Unrestricted Funds £ Fund balances at 30thApril 2024 Are represented by: Tangible fixed assets 726 Current assets 117,070 Less :Current liabilities (73,673) ____ 44,123 |
Total 2022 £ 1,112 7,763 __ 8,875 Total Funds £ 2,652 36,543 (8,875) ____ 30,320 |
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14 Capital commitments
There were no capital commitments authorised or contracted for at the year-end.
15 Taxation
The Charity is exempt from taxation on any income or capital gains.
16 Control
The Charity is under the control of the Trustees.
17 Company limited by guarantee
Kingsland Kindergarten Limited is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
18. Financial Instrument
The Charity has financed their working capital requirement through its own activities during the year and historic Revenue Reserves. Under Section 11 of FRS 102 this will be the present value of the cash holding.
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