The Hundred of Hoo Nursery and Kids Club Limited Trustees. report and financial statements 31 August 2024 Company Limited by Guarantee Registration Number 06389366 (England and Wales) Charity Regislration Number: 1131001
Contents Reports Reference and administrative details of the charity, ils Trustees and advisers Trustees, report Independent audilor's report on the financial statements Flnancial Statements Statement of financial activities 11 Balance sheet 12 statement of cash flows Principal accounting policies 14 Notes to the financial statements 17 The Hundred of Hoo Nursery and Kids Club Limited
Reference and administrative information 31 August 2024 Trustees Mr M Costello (Chair) Ms E J Dehaney Mrs P Sanford Company Secretary Mr N Willis Registered office The Hundred of Hoo Academy Main Road Hoo St Werburgh Rochester Kent ME3 9HH Company registration number 06389366 (England and Wales) Charity registered number 1131001 Auditors Buzzacott LLP 130 Wood Street London EC2V 6DL Bankers Natwest Bank PIC 148 High Street Chatham Kent ME44DB The Hundred of Hoo Nursery and Kids Club Limited 1
Trustees, report 31 August 2024 The Trustees (who are also directors of the charity for the purposes of the Companies Acl) present their annual report together with the audited financial statements of The Hundred of Hoo Nursery and Kids Club Limited (the charitable company) for the year ended 31 August 2024. This report has been prepared in accordance with Part 8 of the Charities Act 2011 and serves as a directors, report for the purposes of the Companies Act 2006. The financial statements have been prepared in accordance with the accounting policies set out on pages 14 to 16 therein and comply with the charitable company's Memorandum and Articles ofAssociation, applicable laws and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). structure, governance and management The charitable company was incorporated on 3 October 2007 (Company Number 06389366). The charitable company is a company limited by guarantee and is governed by its Memorandum and Articles of Association. The members of the charitable company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The charitable company registered as a charity on 7 August 2009 (Charity Registration Number 1131001). The charitable company is a wholly owned subsidiary of Leigh Academies Trust. Trustees The Trustees who served during the year and up to the date of approval of the financial statements were as follows.. Michael Costello {Chair) Emma Dehaney Pat Sanford Method of appointment or election of Trustees The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of Ihe Memorandum and Articles of Association. Remuneration of key management personnel All Trustees give their time freely and receive no remuneration. The pay and remuneration of key management personnel is set by the Pay Committee. Key management personnel of the charity includes the Nursery Manager and the Deputy Nursery Manager. Objectives and activities The principal activity of the charitable company is the operation of a Nursery and Kids Club in Hoo St Werburgh, Rochester, for the purpose of the advancement of education. In selting objectives and planning the activities. the Trustees have given careful consideration lo the Charity Commission's general guidance on public benefit. The Hundred of Hoo Nursery and Kids Club Limited 2
Trustees, report 31 August 2024 Achievements, performance and plans The Hundred of Hoo Nursery and Kids, Club Limited continues to provide high-quality early education and strong community links. Currently caring for 160 children from the local community, exceeding our registered capacity of 96, we leverage the resources of the Leigh Academies Trust to continually enhance our offerings. Our unique location within The Hundred of Hoo Academy provides unparalleled opportunities. Children enjoy nature walks. shared meals in the school canteen, and library visits where they're read lo by older students. Ofsted Inspection In July 2019, Ofsted rated the nursery as Good overall, with an Outstandlng rating for person81 development, behaviour, and welfare. The report highlighted strong staff-child relationships and excellent progress made by children. Since then, we've further invested in our learning environment and resources, creating flexible spaces and enhancing outdoor areas to maximise play opportunities. We are confident that our next inspection will result in an Outstanding rating. Stafflng Our experienced team, including the Manager, Deputy Manager, and early years practitioners, ensures consistent high-quality care and education. While the sector faces recruilmenl challenges, our partnership with the LAT recruitment team has enabled us to fill vacancies promptly. Safeguarding Safeguarding is paramount to the nursery. We have robust safeguarding policies and procedures in place to protect children. All staff undergo regular safeguarding training and are vigilant in identifying and reporting any concerns. Financial review The attached financial slatements show the current state of the finances, which Ihe Trustees consider to be sound. Reserves of £206,729 have been accumulated al 31 August 2024, which are all unrestricted funds. Reserves policy As described in the accounting policies. the Trustees have a policy that a fixed asset fund should be maintained to fund Ihe fulure 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. The Trustees have a policy to relain three months of running costs, c£155,000, in free reserves and at 31 August 2024 the level Df unrestricted general funds being £206,000 was in line with this policy. Trustees will keep the policy under review if there should be material change in financial circumstances. The Hundred of Hoo Nursery and Kids Club Limited 3
Trustees, report 31 August 2024 Public Benefit The Board of Trustees has taken accounl of the Charity Commission's guidance on public benefit in reviewing the charity's aims and objectives and planning future activities. Fundraising The charitable company does not actively solicit fundraising from the public. During the year Ihere were no complaints in respect of fundraising. Risk management The charitable company has identified the following key risks and has put mitigation in place.. a decrease in pupils on roll which would lead to a decrease in funding and fee income. This risk is mitigated by regular reviews and close collaboration with LAT finance ensure timely forecasting. recruitment of appropriately 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 supporls our recruitment efforts to secure qualified staff, especially for younger age groups. By addressing these key areas, we are committed to providing an exceptional early education experience for every child. Trustees, responsibilities statement The Trustees (who are also directors of The Hundred of Hoo Nursery and Kids Club Limited for the purposes of company law) 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 Practice). Company law requires the Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state 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 suilable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that Ihe charitable company will continue in operalion. The Hundred of Hoo Nursery and Kids Club Limited 4
Trustees, report 31 August 2024 Trustees, responsibilities statement (continued) The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable Ihem 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 delection of fraud and other irregularities. Each of the Trustees confirms that- so far as the Trustee is aware, there is no relevanl audit information of which the charitable company's auditors are unaware. and the Trustee has taken all the steps Ihat he ought to have taken as a trustee in order to make themselves aware of any relevant audit informalion and to establish that the charitable company's auditors are aware of that information. In preparing this report, the Trustees 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 17 Dember 2024 and signed on Iheir behalf by: Truslee Ms E J Dehaney The Hundred of Hoo Nursery and Kids Club Limited 5
Independent auditor's report 31 August 2024 Independent auditor's report to the members of The Hundred of Hoo Nursery and Kids Club Llmited We have audited the financial statements of The Hundred of Hoo Nursery and Kids Club Limited (the 'charitable company'l for the year ended 31 August 2024 which comprise the statement of financial aclivities. the balance sheet, statement of cash flows, the principal accounting policies and the notes to Ihe financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounling Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its income and expenditure for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wilh the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Inlernational Standards on Auditing (UK) (ISAS (UK)} and applicable law. Our responsibilities 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 to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in Ihe preparalion of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to evenls or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to conlinue as a going concern for a period of at least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. The Hundred of Hoo Nursery and Kids Club Limited 6
Independent auditor's report 31 August 2024 Other information The other information comprises the information included in the annual report, including the trustees, annual report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other informalion contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to Ihe extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read Ihe other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude Ihat there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. • the informalion given in the Truslees, report, which is also the directors, report for the purposes of company law, for the financial year for which the financial statements are prepared is consistent wilh the financial statements. and • the Truslees, report, which is also the directors, report for the purposes of company law, has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the lighl ofthe knowledge and underslanding ofthe charitable company and ils environmenl oblained in the course of the audit, we have nol idenlified material misstatements in the Trustees, report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kepl, or returns adequate for Dur audit have nol been received from branches nol visited by us., or • the financial stalemenls are not in agreement with the accounting records and returns., or certain disclosures of Trustees. remuneration specified by law are not made., or we have not received all Ihe information and explanations we require for our audit. or • the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take 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 7
Independent auditor's report 31 August 2024 Responsibilities of Trustees As explained more fully in the Trustees, responsibilities statement set out on pages 4 and 5, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statemenls that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, malters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charilable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities 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 nol a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, oullined above, to delect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. • the engagement partner ensured that the engagement team collectively had the appropriate competence, capabililies and skills to identify or recognise non-compliance with applicable laws and regulations., and • we obtained an underslanding of the legal and regulatory frameworks that are applicable lo Ihe charitable company and determined that the most significant frameworks which are directly relevant to specific assertions in the financial slalements are those that relate to the reporting framework (Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011 and the Companies Act 2006. The Hundred of Hoo Nursery and Kids Club Limited
Independent auditor's report 31 August 2024 Auditor's responsibilities for the audit of the financial statements (continued) We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to their knowledge of aclual, suspected and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships., tested journal entries to identify unusual transactions- and assessed whether judgements and assumptions made in delermining the accounling eslimales were indicative of potential bias. In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included, but were not limited to: review of the minutes of meetings of those charged with governance. and enquiring of management as to actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspeclion of regulatory and legal correspondence, if any. Material misslatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This descriplion forms part of our auditor's report. The Hundred of Hoo Nursery and Kids Club Limited 9
Independent auditor's report 31 August 2024 Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mighl state to the charitable company's members those malters we are required to state lo them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than Ihe charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Katharine Patel (Senior Statutory Auditor) For and on behalf of Buzzacott LLP, Statutory Auditor 130 Wood Street London EC2V 6DL Date.. 18 December 2024 The Hundred of Hoo Nursery and Kids Club Limited 10
statement of financial activities (incorporating income and expenditure account) Year to 31 August 2024 Un- 2024 reslricled Restricted Total funds funds funds 2023 2023 restricted Restrlcted funds funds 2024 2024 2023 Total funds les Income from: Charitable activities Total income 710,921 710.921 17,313 728,234 17,313 728,234 580.466 580,466 536 536 581,002 581,002 Expendlture on: Charitable activities Total expendlture 624,296 624,296 17.313 644,609 17,313 644,609 557,944 557,944 536 536 558,4BO 558,480 Net income and net movement in funds 83.625 83,625 22,522 22,522 Reconciliation of funds Total funds brought fotward at 1 September 2023 Total funds carried foNard at 31 August 2024 120,104 120,104 97,582 97,582 203,729 203.729 120,104 120,104 The notes on pages 17 to 21 form part of Ihese financial statements The Hundred of Hoo Nursery and Kids Club Limited 11
Balance sheet 31 August 2024 2024 2024 2023 2023 Notes Flxed assets Tangible fixed assets 7.120 9,812 Current assets Debtors Cash al bank and in hand 22,081 261,922 284,003 5,519 217,652 223,171 Liabilities Creditors.. amounts falling due wilhin one year Net current assets {87,394) 1112,8791 196,609 110,292 Total assets less current liabilities Net assets 203,729 203,729 120,104 120,104 Funds and reserves: Restricted funds Designated funds Unreslricled funds 7,120 196,609 9,812 110,292 Total funds 203,729 120,104 The financial statements were approved and authorised for issue by the Trustees on 17 December 2024 and signed on their behalf, by: Truslee Ms E J Dehaney The notes on pages 17 to 21 form part of these financial slatements. Company number.. 06389366 The Hundred of Hoo Nursery and Kids Club Limited 12
Statement of cash flows Year to 31 August 2024 2024 2023 Nèt cash flows from operatlng actlvltles Net cash provided by operaling activities 44,270 42.298 Change In cash and cash equivalents In the year 44,270 42,298 Cash and cash equivalents at 1 September 2023 217.652 175,354 Cash and cash equivalents at 31 August 2024 261,922 217,652 A. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net income for the year {as per statement of financial activities) 83,625 22.522 Adjustment for: Depreciation charges {Incr8ase) decrease in debtors (Deorease) increase in creditors Net cash provided by operatlng actlvltles 2,692 (16,562) (25,4851 44,270 4,314 158 15,304 42,298 B. Analysls of cash and cash equlvalents 2024 2023 Cash al bank and in hand Total 261.922 261,922 217,652 217,652 No separate reconciliation of net debt has been prepared as there is no difference between the net cash (debt) of the charity and Ihe above cash and cash equivalents. The Hundred of Hoo Nursery and Kids Club Limited 13
Principal accounting policies 31 August 2024 Basis of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charilies SORP), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. These accounls have been prepared for the year to 31 August 2024 with comparative figures provided in respect to the year lo 31 August 2023. The accounts are presented in sterling and are rounded to the nearest pound. The Hundred of Hoo Nursery and Kids Club Limited meets the definition of a public benefit entity under FRS 102. Assels and liabililies are initially recognised at historical cost or transaction value unless othemise stated in the relevanl accounting policy. Critical accounting estimates and areas of judgement Preparalion of the accounts requires the trustees to make significant judgements and estimates. The items in the aocounts where thesejudgements and estimates have been made include: estimating future income and expenditure flows and the charily's financial position., and estimating the economic useful life of fixed assets. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Golng concern The Trustees assess whether the Lrse of going concern is appropriate i.e. whether there are any material uncertainties related to events or condition that may cast significant doubt on the ability of the charitable company lo continue as a going concern. The Trustees make this assessment in respect of a period of one year from the dale of approval of the financial statements. Income All income is recognised once the charitable company has enlitlemenl lo Ihe income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Expenditure Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation cari be measured reliably. Support costs are those costs incurred directly in support of expenditure on the objects of the charitable company. The Hundred of Hoo Nursery and Kids Club Limited 14
Principal accounting policies 31 August 2024 Charitable aclivities are costs incurred on the charitable company's educational operations, including support costs and costs relating to the governance of the charitable company apportioned to charitable activities. Tangible fixed assets and depreciation All assets costing more than £500 are capitalised. A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activities. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairmenl. Depreciation is provided at rates calculated to write off the cost of fixed assels, less their estimated residual value, over their expected useful lives on the following bases- Improvemenl to premises Furniture fixtures and fittings other equipment Computer equipment Over Ihe term of the lease 15/0 200/0 Straight line basis 20 % straight line basis 33 /0 Straight line basis Operatlng leases Rentals under operating leases are charged to the statement of financial activities on a straight line basis over Ihe lease term. Debtors Trade and other deblors are recognised at the settlement amount after any Irade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid inveslments with a short maturity ofthree months or less from the date of acquisition or opening of the deposit or similar account. The Hundred of Hoo Nursery and Kids Club Limited 15
Principal accounting policies 31 August 2024 Llabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in selllement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount thal the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilily. The unwinding of the discount is recognised within interest payable and similar charges. Financial instruments The charilable company only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Pensions The charitable company operates a defined contribution pension scheme and the pension charg8 represents the amounts payable by the charity to the pension fund in respect of the year. Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Truslees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds thal have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the noles to the financial slatements. Lease commitments The charitable company has entered into lease commitments in respect of property, plant and equipmenl. The classificalion of these leases as either financial or operating leases requires the Trustees to consider whether the terms and conditions of each lease are such that the charitable company has acquired the risks and rewards associated with the ownership of the underlying assels. The Hundred of Hoo Nursery and Kids Club Limited 16
Notes to the financial statements 31 August 2024 1. Income from charitable activities Un- restricted Restricted funds funds 2024 2024 Un- reslricled Re51ricled fLJnds funds 2023 2023 2024 Total funds 2023 Total funds Fees receivable Nursey vouchers Donations DAF funding 352,283 358.638 352,283 246,149 15,003 2,310 72B,234 333.727 246,149 590 333,72T 246.149 590 536 581,002 15,003 2,310 17,313 536 536 710,921 580,466 2. Analysis of expendilure on charitable activities restrlcted Restrlctgd funds funds 2024 2024 2024 Total funds reslricled Reslricled funds funds 2023 2023 2023 TDlal funds Charitable activities 627,296 17,313 644,609 557,944 536 558.480 2024 Total 2023 Total Wages and salarie8 Inole 4) LAT central services charges Toys. books, magazines and materials Food and drinks Advertising Hygiene, cleaning and waste disposal Uniforms and protective clothing Subscriptions and sofbMar8 Training Insuran Equipment hire Repairs and renewals Telephone Slationery, printlng, photocopying and postag8 Sundry expenses Gifts for staff and clients Accounting and professional fe8S Bank charges Rent Depreciation Total 486,409 18,414 1,114 49,237 1,536 3,766 417 4,546 750 1,168 17,932 19,362 659 1.827 439,613 1,433 44,326 1,122 11,455 286 5,282 390 1,882 10,662 1,567 651 2,049 350 291 7.340 467 25,000 4,314 558,480 54 6,952 274 27,500 2,692 644,609 3. Net income This is staled after charging: 2024 Total 2023 Total Depreciation of tangible fixed assets Audit fees 2,692 4,212 4,314 4,380 The Hundred of Hoo Nursery and Kids Club Limited 17
Notes to the financial statements 31 August 2024 4. Staff costs Staff costs were as follows.. 2024 Total 2023 Total Wages and salaries Social security costs Other pension costs 444,326 33,059 9,024 486,409 405,687 26,670 7,256 439,613 The average number of persons employed by the charitable company during the year was 24 12023- 23). Average headcount expressed as a full time equivalent was 20 (2023- 18). No employee received remuneration amounting to more than £60.000 in either year. During the financial year the remuneration and benefits received by the charity's key management personnel amounted to £76,659 (2023- £76,284). Key management personnel included the Nursery Manager and Deputy Nursery Manager. During the year, no Trustees received any remuneration (2023- none). During the year. no Trustees received any reimbursement of expenses (2023- none). 5. Tangible fixed assets Furniture. lixlures & Computer and othèr equiprn&nl Improvements lo prèmises Total funds Cost Al I September 2023 Additions Al 31 August 2024 17,461 33,209 31,320 81,990 17.461 33.209 3?.320 81,990 Depreciatlon Al 1 September 2023 Charge in y6ar Al 31 August 2024 17.461 23,397 2,692 26,089 31.320 72,178 2,692 74.B70 17,461 31,320 Net book value Al 31 August 2024 Al 31 August 2023 7.120 9,812 7,120 9,812 6. Debtors 2024 Total 2023 Total Due withln one year other debtors Prepayment and accrued income 22,081 3,312 2,207 5,519 22,081 The Hundred of Hoo Nursery and Kids Club Limited 18
Notes to the financial statements 31 August 2024 7. Creditors: Amounts falling due within one year 2024 Total 2023 Total Trade creditors Other taxation and social security Other creditors Amount due to parent undertaking (note 13) Accruals and deferred income 885 7.464 2,601 18,000 58,444 87,394 8.873 6.705 2,210 52.216 42,875 112,879 Included within accruals and deferred income above is the following deferred income balance relating to funding and fees received in Augusl 2024 relating to 2024125. 2024 Total 2023 Total Deferred income Deferred income at 1 September 2023 Resources deferred during the year Amounts released in year Deferred income at 31 August 2024 2T.138 84,913 162,5531 49,498 19,303 62,083 154,2481 27,138 8. Funds Balance al Balance at 31 August 2024 September 2023 Income Expendilur& Transfer 2024 Unrestrlcted funds: Designated funds Fixed asset fund 9,812 (2,692) 7,120 General funds General funds 110,292 120,104 710,921 710,921 1624,604) 1627,2961 196,609 203,729 Restrl¢ted funds DAF Other donations 2,310 15,003 17,313 {2,3101 {15,0031 117,3131 Total funds 120,104 728.234 1644.609) 203,729 The Hundred of Hoo Nursery and Kids Club Limited 19
Notes to the financial statements 31 August 2024 8. Funds (continued) Balance at Balance al 31 August 2023 September 2022 Incon7e Expendilure Transfer 2023 Unrestricted funds.- Designated funds Fixed asset fund 14,126 (4,314) 9,812 General funds General ftinds 84,456 97,582 580,466 580,466 (553, 630) (557,944) 770,292 120,104 Restricted funds DAF 536 536 (536) (536) Total funds 97,582 581,002 (558,480) 120,704 9. Analysis of net assets between funds Unrestricted funds 2024 Reslricled funds 2024 Total funds 2024 2024 Tangible fixed assets Current a8sels Credilors due within one year 7,120 284,003 187,3941 203,729 7,120 284,003 187,394) 203.729 Unrestricted funds 2023 Restricted funds 2023 Tolal funds 2023 2023 Tangible fixed assets Current assets Creditors due within one year 9,872 223, 171 (7 12,879) 720, 104 9,812 223,171 (112,879) 120,104 10. Pension commitments The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable to the fund and amounted to £9,024 (2023 - £7,256). At the balance sheet date £1,906 was payable lo the fund (2023 - £1.590). The Hundred of Hoo Nursery and Kids Club Limited 20
Notes to the financial statements 31 August 2024 11. Operating lease commitments At 31 August 2024 the total ofthe charitable company's future minimum lease payments under non-cancellable operating leases was: 2024 2023 Equipmenl Amounts payable: within 1 year within 2-5 years 2,520 7,560 2,520 8.820 12. Related party transactions During the year ended 31 August 2024, the following amounts were paid to Leigh Academies Trust, the ullimate parent undertaking: • Rent: £27,500 (2023: £25,000) + Reimbursed purchases.. £94,022 {2023: £23,707) At 31 August 2024, £18,000 (2023.. £52,216) was owed to Leigh Academies Trust. 13. Ultimate parent undertaking The parent ursdertaking is Leigh Academies Trust by virtue of assuming legal ownership of the Nursery from 1 January 2019 following a merger with the Nursery's previous parent company. Leigh Academies Trust, is incorporated in England and Wales as a company limited by guarantee (Company Registration Number 02336587), its registered office is Carnation Road, Strood, Rochester, Kent ME2 2SX. The Hundred of Hoo Nursery and Kids Club Limited 21