The Hundred of Hoo Nursery and Kids Club Limited Trustees. report and financial statements 31 Augugt 2021 Cotnpany Limited by Guarantee Ragislralion Nurnbér06389366 (Engbnd gnd WalÈsl Charity Registration Nuffiber." 1131001 Contents Reports Reference and administrative detalls of the charity, its Trustees and advisers Trustees, report Independènt auditor's report on the financial statements Financial Statements Statement of financial activities Balance sheet 12 Statement of cash flows 13 Principal accounting policie8 13 Notes lo the financial statements 17 Reference and administratlve Information 31 August 2021 Trustees Mr M Costello (Chairl Ms E J Elwin Mrs P Sanford Company Secretary Mr N Willis Reglstered office The Hundred of Hoo Academy Main Road Hoo Sl Werburgh Rochester Kent ME3 gHH Company reglstration number 06389366 (England and Wales) Charity registered number 1131001 Audltors Buzzacoll LLP 130 Wood Street London EC2V 6DL Bankers Natwest Bank PIC 148 High Street Chatham Kent ME4 4DB The Hundred of Hoo Nursery and Kids Club Limited Trustees, report 31 August 2021 The Trustees (who are also directors of the charity for the purposes of the Companies Acll present their annual report together with the audited finanoial slalements of The Hundred of Hoo Nursery and Kids Club Limited Ilhe charitable company) for the year ended 31 August 2021. This report has been prepared in accordance with Part 8 of the Charities Act 2011 and s8Nes as a directors, report for the purposes of the Companies Act 2006. The financlal statements have been prepared in accordance with the accounting polioies set out on pages 13 10 16 therein and comply with the charitable company's Memorandum and Arti¢les of Association. applicable laws and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice 8pplicable to charikn'es preparing Iheir a￿OuntS in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republlc of Ireland (FRS 1021. Stnjcture. govemance and management The charitable company was incorporated on 3 October 2007 (Company Number 063893661. The charitable company is a company limited by guarantee and is govemÈd by Its Memorandum and Articles of Association. Thè members of the charitable company are the Trustees named on page 1. In the event of the charitable company being wound Ltp, the liability in respect of the guarantee is limited lo £1 per member of the charitable company. The charitable company registered as a charity on 7 August 2009 (Charity Registration Number 11310011. Trustees The Trustees who served during the period were as follows.. TnEst88S AppointedlReslgned Deborah Biggenden Michael Costello (Chairl Susan Crocker Emma Elwin Pal Sanford Resigned 8 December 2020 Resigned 15 July 2021 Appointed 8 December 2020 Appointed 8 Decernber 2020 Resigned 15 July 2021 Method of appolntment or election of Trustees The management of tho charitable company is the responsibllily of the Trustees who are 816cled and co-opted under the terms of the Memorandum and Articles of Association. Remuneratlon of key management personnel All Trustees give their lime freely and receive no remuneration. The pay and remuneration of key management personnel is sel by the Pay Committee. Key management personnel of the charity includes the Nursery Manager and the Deputy Nursery Manager. The Hundred of Hoo Nursery and Kids Club Limited Trustees, report 31 August 2021 Objectives and activities The principal activity of the ch8rit8ble company is the operation of a Nursery and Kids Club in Hoo si Werburgh, Rochester. for the purpose of the advancement of education. In selling our objectives and planning our aclivilies. the Trustees havo given careful consideration to the Charity Commission's general guid3nce on public benefit. A¢hievementsJ performance and plans The nursery continues lo have strong links with ils local community offering earfy education lo around 175 children aged up lo 11 years of age from the local community. The nursery continues lo slrenglhen ils offer lo children and their families by a¢￿sSIng a range of service Leigh Academies Trust ILATI is able lo offer. In July 2019, the nursery received an inspection by Ofsted. The overall quality and standards of Ihe eady provision was identified as Good, bul the nursery was rated as Outstanding for the quality of personal development, behaviour and welfare. The report identified that children of all ages make good progress and gain good skills lo support their future learning. The staff were described as inspirational role models, who establish oulslanding relationships wilh the children and their families. The nursery has ¢onlinued lo invest in the learning environment and resources with the support of the Trusl. Consequently, enhancements have been made within the building to create more flexible spaces and the outdoor learning areas have been enhanced lo improve opportunities for effective play. The nursery team of Manager, Deputy Manager and early years practitioners remains strong and turnover of staff h8s remained low. Where new or additional team members have been required, high quality candidates have been supplied with the assistance of the LAT recruilmenl team. This ensures that every child re￿iVeS consistently high quality care an quality of education. This year the nursery is working alongside the Trust's eady years advisor lo onhance the quality of education even further by selling out the knowledge and skllls across each room provision, ensuring that experiences over time build consistently towards expected end points. Impact of Covid-19 on the charity The Hundred of Hoo Nursery and Kids club remained opened for the majority of 2020121, and did not proceed to a full Closure due to the Covid-19 pandemic. The nursery lurtoughed staff who were responsible for children under 2 years old within the nursery, 8$ the uptake was significantly low. On fully reopening, young children have been observed to have a deficit in the usual language acquisition they would have as a result of not h8vlng the usual experiences and exposur8 lo the world around them as a result of lockdown. Nursery leaders have responded by ensurlng that the curriculum consislenlly gives opportunities for children lo listen, hear and speak, alongside opportunilies to experience new vocabulary so that they can develop vocabulary and language well, closing any gaps that exist. The Hundred of Hoo Nursery and Kids Club Limited Trustees, report 31 August 2021 Flnanclal revlew The attached financial ststements show the current state of the finances, which the Trustees consider lo be sound. Reserves of £71,164 have been accumulated at 31 August 2021, which are all unrestricted funds. Reserves pollcy As described in the accounting policies, the Trustees have a policy that a fixed asset fund should be maintained lo fund the future depreciation of fixed assets. This fund represents the net book value of fixed assets already purchased and so this fund is not available for spending. Beyond this, the policy on reserves is that restricted funds should not fall below z8ro. The level of reslricled reserves tends lo be modest. The Trustees have a policy to retain three months of running costs in reserves and al 31 August 2021 the level of unrestricted funds was approximately two months of running costs. Trustees will keep the policy under review if there should be a material change in financial circumstances. Public Beneflt The Board of Trustees has taken account of thè Charity Commlssion's guldance on public benefit in reviewing the charity's aims and objectives and planning future aclivilies. Fundraising The charitable company does not activ8ly solicit fundraising from the public. During the year there were no complaints in respect of fundraising. Rlsk management The charitable company has identified the following key risks and has pul mitigation in place.. a decrease in pupils on roll whlch would lèad to a decrease in funding and fee income. This risk is miligaled by frequent review of pupils on roll at frequent intervals. There is also a very close working relationship with finance personnel lo ensure frequent forecasting lakes place. recruttment of appmpriately qualified staff to meet the needs of the pupils of the nursery, especially the younger age group. This risk is mitigated by the nursery having full access to the LAT Talent Team who are able lo support and advise on all of the nurs8ry'8 reGruttment needs. The Hundred of Hoo Nursery and Kids Club Limited Trustees, réport 31 August 2021 Trustees, responsibilities statement The Trustees (who are also directors of The Hundred of Hoo Nursery 2nd Kids Club Limited for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praoticel. Company law requires the Trustees to prepare financial sta16ments for each financial period. Under company law, the Trustees musl not approve the financial statements unless they are s8tlsfi8d that they give a true and falr view of the slate of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to.. select sullable accounting policies and then apply them consislenlly., obseNo the methods and principles in the Charities SORP., make judgmellls and accounting estimates that are Teasonable and prudent,. • stale whether applicable UK Accounting Standards have been followed, Sltbjecl lo any material departures disclosed and explained in the financial statements., prepare the financial stal8menls on the going Concern basis unless il is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable companys transactions and disclose with reasonable accuracy at any lime the financial position of the charitable c(Jmpany and enable them to ensure that the financial slatemenls wmply wlh 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. Each of the Trustees conlimis Ihal.. so far as the TrLJStee is aware. there is no relevant audit information of which the Ghari18ble company's auditors are unaware., and • the Trustee has taken all the steps that he ought lo have taken as a trustee in order to make Ihemselves aware of any relevant audit information and to establish that the Gharilable company's auditors are aware of that information. In preparing this report, the Tnjstees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the Trustees on 29-11.2oLI and signed on their behalf by.. Trustee The Hundred of Hoo Nursery and Kids Club Limited Independent audItor's report 31 August 2021 Independent auditor's report to the members of The Hundred of Hoo Nursery and Kids Club Llmlted We have audited the finanual statements of The Hundred of Hoo Nursery and Kids Club Limited (the 'charitable company'l for the year ended 31 August 2021 which comprise the slalemenl of financial aclivilies, the balance sheet, slalemerkl of cash flows, the principal accounting policies and the noles lo the financial slatemenls. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Roporting Standard 102 'The Financial Reportlng Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally A¢￿pIe￿ Accounting Praclicel. In our opinion, the financial slatemenls= • give a true and fair view of the stsle of the charitable company's affairs as at 31 August 20218nd of its income and expenditure for the year then ended-, + have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., 8nd have been prepared In aWordan￿ with the requlremenls of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance wlth International Standards on Auditing IUKI IISAS (UKII and applicable law. Our responsibilitl8s under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basi8 for our opinion. Conclusions relating to golng concern In auditing the financial slalemenls, we have concluded that the Trustees, use of the going or>cern basis of accounting in the preparation of the financi81 statements is appropriate. Based on the work we have performed, we have not identified any matgrial uneertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable Company's ability to continue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Tru51ees with respect lo golng ¢oncern are described in the relevant sections of this report. The Hundred of Hoo Nursery and Kids Club Limited Independent auditor's report 31 August 2021 Other Information The other infomalion comprises the information included in the annual report and financial slalements, other than the financial slalemenls and our auditor's report Ihereon. The Trus18es are responsible for the other information contained within the annual report and financial statements. Our opinion on the financial slalements does not cover the other information and, ex￿pt lo the exlenl otherwise explicitly slated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other infomi81ion is materially Inconsislenl with the financial stalemenls or our knowledge oblained in the course of the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required lo determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other infomialion. we are required lo report that fact. We have nothing lo report in thls regard. Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken In the course of the atJdSt'. * the information given in the Trustees, report, which is also the directors, report for Ihe purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial stalemenls,. and • the Trustees. report. which is also the directors. report for the purposes of company law, has been prepared in accordance wllh applicable legal requirements. Matters on whlch we are requlred to report by exGeption In the light of the knowl8dge and understanding of the Charitable company and ils environment obtained in the course of the audit. wa have not identified material misst8lemenls in the Trustees, report. We have nothing lo report in respect of the following mallers In relation to which the Companies Act 2006 requires us lo report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audlt have not been received from branches not visited by us: or • the financial slalements are not in agreemenl wlth the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by18w are not made,. or we have not recelved all the information and exp18n81ions we require for our audit; or the Trustees were not entitled lo prepare the financial slalemenls in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Trustees. report and from the requirement lo prepare a strategic report. The Hundred of Hoo Nursery and Kids Club Limited Independent audltor's report 31 August 2021 Responslbllltlès of Trustees As explained more fully in the Trustees, responsibilities slalemenl, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view. and for such internal control as the Iruslees determine is necessary lo enable the pr6paration of financial statements that are free from material misslalemenl, whether due to fraud or error. In preparing the finanGial slatemenls, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the Trustees ellher intend lo liquidate the charitable company or to cease operations, or have no realistic allemalive bLJt lo do so. Auditor's responslbllltles for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI wtll always delecl a material misstatement when il exists. Misslalements can arise from fraud or error and are considered material if, individually or in th8 aggregate. they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial slatemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, otjtlined above, lo detect material misstatements in respect of irfftgularilies, including fraud. The exlenl lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance wlh laws and regulations. was as follows.. • the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or r8cognise non-compliance with applicable laws and regulations., and we obtained an understanding of the legal and regulatory framewod(s that are applicable lo the charitable company and determined that the most significant frameworks which 8re directly relevant to specific assertions in the financial statements are those that relate lo the reporting framework (Statement of Recommended Practi¢o'. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable Sn the United Kingdom and Republic of Ireland {FRS 1021, the Charities Ad 2011 and the Companies Act 2006. The Hundred of Hoo Nursery and Kids Club Limited Independent auditor's report 31 August 2021 Audltor's responsibilities for the audit of the financlal statements {conlinued) We assessed the susceptibility of the Gharilable company's financial slalemenls to material miss18t6m8nt, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as lo their knowledge of actual, suspected and alleged fraud: and considering the internal controls in place lo mitigate risks of fraud and non-campliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. • performed analylical procedures to identify any unusual or unexpected relationships., + lesled journal entries to identify unusual Iransaclions., and assessed whether judgements and assumptions made in determining the accounting estimates were indicativ& of potential bias. In response to the risk of irregularities and non