RECISTERED COM ANY NUMBEIL. 05445579 (England and Wales) REGISTERED CHARITY NUMBEIL. 1131725 imiled 7 West Bank SCARBOROUG Y012 4DX
nded 31 March Report oftheTruste INlependent Examinerf$ Rwrt Statement of Finala] Activities BaI8nce Sheet Cash Flow Slatement Not¢$ to th Cash Flow Statement io Notes to th¢ Finala1 Ststements 10 16 Detsiled Statement of Flnancial A¢liviti¢s to 18
earEnded31 M h2 The trustees who are also directors of the charity for the purpxts of the Companies Act 2(1)6, PTesent their report with the financial statements of the charity for the year ended 31 Motch 2024. The trStee5 have adopted the provisions of Accounting and ReN)rting by Charilics: Statemcnt of Recommended Practice applicable lo ¢hariti¢s preparing their accounts in accordance with the Financial Reporting Stsndard appl" e in the UK and Republic of Ireland (FRS 102) (¢ffe¢tive l January 2019). OBJEcfivES AND AcfiviTIFS Obj¢¢tives and alms The object of the charity 15 to provide nursery child care and ¢dSt10Th fi)r bAbies and pre-sthl infants And to provide and promote ¢lasse& facilttiffj serviccs and resources foreducating and furthering the ¢datIOn of children. Aims of the charity and strategies employed to achieve these objectives: The main aim of the charity is ts) provide a suslaithk childrfare service maintaining high stondards and owating at minimal c05 The achievement of these aims will enhantt thc local community and local in wticutar, by rnwtUTing the children and inning their leaming proce The achievement of these aims will fith the Purpos of the charity by enabling a high quality of learning and development for ehildren. as well as to Inue to be s&ainable. With regards to the provision of childcare facilitie5 the staff are clInU8]lY UFMlating their training and welfare knowledge. Regular OFsfED inspecti( ensures the services are tInUallY held to a high standar The criteria for measurement of success is the coniinued viability of the busiw as well as aiming to better its OFSTED staiu5. The charity akn takes note of the number of children who use the facility who have older sil)lings also enrolled. Slgnlficant aetlvftles The charity offers childcaff services fv thildrcn from 3 mondLS 12 yeats of ag< split inlo gge appropriate rooms. Coraeles offers learning frcth 3 months to 2 and a half years in a sensory rich and heuristic enviTODment. Tugs offer 2 and a half to 3 and a half year okls hands on exploratiory y$]Cal activity and routine. Toppers supports children in developing their learning D)uline aThJ Clippers is an out of school club 8iving children more freedom whilst providing structured activities. With regards to the aim of sustsinability. the restructuring of the management team continues kn make better use of staff resource4 skills and role& This has continued this year with changes io management due to staff leaving and this h&8 been well man28ed and sUpPd interrly. Siaff retention has seen an improTement which hs helped with planning. Severnl staff who have left previously for various reaso have reqSted to return to the setting when roles have become available which is really positive and great for internal morth. Sickntss abSeTh can &ill cause issues ts the mawagement am. bth tly deal with this very Public benefit We have referred ¢0 guidance contained in thc Charity Commission's gthetaj gUIdae on public benefit when r¢viewing our aims a1 obieclives and in planning our future xtivilie& Public benefit is deliverol by thc dwity through providin8 quality child Care using experienced and qualified nursery stsff. In Iwticular. the trustees consider how planned adivities will contribthe the aims and objectives they have set. Man88ement have successfulty intrThluced GratKIp8reth visits to NUery which have been well received and is a positive to the local community. The management tram akn utilise local businesses for services such as food and maintenance which helps io build relalionships.
the Year E March 2024 01vEs AIYD AcfiviTILS Volunteers Filey Child Cwe Ltd does use volunteers who provide an ex¢elleDt Contribution to the operation of the organisation. There are four volunteer CA)mmite members who oNtrsee thc cth'ty their skillsds Supp many aspects of the organisations. The Lwrd of trustees are all volunteeTS. ACHIEVEMENT AND PERFORMANCE Charltsble actlvities On 21 September 2009. the organisation Pxcwne a r¢Bisred chtrity. registsion number 1131723. The charity has conlinued to be forward thinking and developed new iniiiatives and learning activities after receiving our 'good OFSTED tin8 in 2019. The conlinue5 to have a gor relationship with the priw schwl next dr and the junior sthool in the town. The overarching objective - to provide high quality ¢hildcare to the l(Kal community * minimum cost - has been achiev&i The charity is one of the Ma affordable providers in the local aTe4 which is a key objective as Filey and Scarborough have 17 out of 23 ofthe most deprived gcographic areas in the North Yorkshire are The financial objectives sct by the charity {keeping a healthy Yeserye at a level which is equivalent lo three to six months expenditure) have been Met this year. Three months expensc5 is equivalent ¢0 approximately £131.400 and reserves currently stand at £131.419 Fundrnising activltles Management have WCA¢tivety COnted local kninesses for d(all(S towards projects within the charity to great success. This has not only geneTated income. also awarenessl and dcrnonslrntes LWT link to the local community. M(rtary donations have been gifted through local organisations swh &5 Filey Town Council and Filey Lion A eoncerted effort to apply for grdnts from F(xmdalions and Trus¢& towards larye scale wojects has bem successful, with grants fvlly covering th¢ cost of the new kitchen. The ttustees C¢ed charitable grnnts totslling £l.IJX) (2023: £1, The income available to the thist over the year was £534.820 (2023: £471,446). FINANCIAL REVIEW FInanCl poshfon The financia] )sItiOn of the charity. once again remains fiagile. The continual increase in the national minimum wage is a cortst challenge to the charity and continues io be a o)nwn alon8 with reni increases from NYC. Reserves have increased to £131.419 from £122.179 la year. Prlnelpgl fuudlng sources The principal fidIng source is priv nuw and childcare fee& The chority receives income from NYCC which is based on early year care and the numbtr of children receiving this care. There has been a slight increase in fillKlin& but this has been offset by an incre¢ in rnnning costs. Reservos polky It is the policy of the trustees th unrestricted funds lch have Th)t been dts1 for a specifft use should be maintsined at a level equivalent to between thTee and six months of expenditure. The tru5tee5 consider that reserves at this level will ensur¢ tlwL in the event of a significant drop in fundi they will be able to continue the charities Current activities while rA>nsideAlion is given to ways in which *lditional fund5 may LK raised. FUTURE PiANS The chaTity remains committed to Fyoviding high quality childcare for the community, and will ccffliinue for as long as it mains financia]ly viable. Page 2
ftheT Year Ended STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is Controlled by its governing d(KumenL a deed of trusL 4nd constitutes a limited eompany. limited by gu8rante¢. as defined by the Companies Act 2006. The original Memorandurn and Article5 of Associati( was issu Resolution dat 14 December 2018. on 6 May 2005. but W&8 amended by a Spla1 Recrnitinent and YdppolntmeDt of new trllstees The method and apIntrnent of board members is sel in the Memorandum 8Th1 Articles of Association. Much of the day-t(aY manogemeni of the dwitys acliviles is delegated to employed #aff who WO in dep&tknents, often with voluntea5. Key management rtmuDer2¢ioD Key management person] is reviewed and remai in line with other chil¢& providers and current opernting 8£1ivities of the charity. Rlsk management The tnstees have a duty to identify and review the ri*s to which the charity is eXId and to ensure appropriate Controls are in P to provide reasonable assurance against frnud and error. REFERENCE AND ADMINisfRATIVE DAlls Ryster¢d Company nurnber 05445579 {En¥and and Wales) Reglstered Charity npmber 1131725 Registered office Padbury Avenue Filey North Yorkshire Y014 OBA Trnste Mrs J M Swift LLB Tn Ms M J Liversidge Tnthe Mr P A Colling It Consultant Ms K Childs Teacher Independent Examiner Jennifer Springham FCCA Asquith Accountants Limiled Rowan House 7 West Bank SCARBOROUGH North Yorkshire Y012 4DX Solicitors Swift HR & Leg81 Ltd Wesley House l Lora Courtyard Wykeham Y013 9QP
REFERENCE AND ADMINISTRATIVE DETAIiS Bankers Unlty Trust Bank Nine Brindley Place Bimiingham BI 2HB This report has been Prepared in accordance with the special provisions of Part 15 of the Companies A¢1 2006 relating to small compAnies. Approved by order of the board of trustees on 8 October 2024 and si on ils behalf by: Mrs J M Swift LLB- Trustee Page 4
the Trustees of Independent examine$ report to the truslees of Fllry Chlldur¢ I report to the charity tsustees on my examination of the a(xounts of Cth¢ Compan) Company for the year ended 31 March 2024. Responslbilities and b2sLs of report As the charitys trustees of the Compary {and also its direct(Ys for the pU[se5 of company law) you 8r¢ resp)nsible for thc weparation of the a¢coutts in accorkn with the requirements ofthe Comwies Act 21x16 fthe 2006 Arf). Having satisfied myself Il•t the xc(Mmts of the Company are not piuired to be audited under Part 16 of the 21)06 Act and aff eligible for independent examinatio I rewt in resixrt ofimy examIn10n of your charitys accounts &8 Carried out under Se£tion 145 of the Charities Act 2011 (lhe 2011 Act).:,In carrying (Wl my examination I have followed the DI¢110$ given by the Charity Commission under &dion 145(5) (b> of the 2011 ACL Independent examiner's statement Since YOUT charitys w income exLxled £250.4 your examiner rnu be a member of a listed body. I can confirni th* l am qua]ified to undertake the exami[tion bccause l am a member of the Ass(Kiation of Chartered Certified Accountants. which is one of the listed bLKlie I have completed my examination. l ¢onfim) that no mattus have come to my attention in connection with th¢ examination giving me cause io lieve. accounting Tecords were not kept in respect ofthe Company as TequiTed by Section 386 ofthe 2006 A¢ or the a¢Lx)unts do not accord with those record&" or a¢¢ounts do not comply with the a¢coun¢ing requircments of Section 396 of 2(M)6 Act other than any requiTement that th¢ aLX0u give a truc and fair view which is not a matter considered as part of an independen¢ examination; or the COUnts have not been prep&red in acc4yd with the methods and winciple5 of the Statement of Rewmmended Practice for COUnting aryl rertIng by dlarities (appli1¢ lo chorities weparing their aco)unts in accorth¢e with the Financial Repx)rtin8 Slandard applicable in the UK and Republic of Ireland {FRS 102)). on with the examination to which attention should aLxounts to be reached. Ix drnwn in this ret in order to amble a proper understanding of Jemiifer Springham FCCA The As%Jciation of Chartered Certified Accounlants Asquith Accountants Limited Rowan House 7 West Bonk SCARBOROUGH North YoTkshire Y0124DX 8 October 2024 Page 5
aneial Acttviti Inco Tatin nded 31J.24 Totsl 31.3.23 Total fiulds Restricted INCOME AND ENDOWMENfs FROM [k¥tIOnS and lewies 7,871 7,871 3,454 Charltable 2¢tlvltles Activilies undertaken diredty 523.107 524,107 466,891 Investment income 2.842 1842 j.ioi Total 533.820 1.000 534.820 471.446 EXPENDITURE ON Charithble actlvldes Activities undertaken directly Support costs 508,809 14,771 510.809 14.771 464,635 19,934 Total 523.580 525,580 484.569 NET INCOMEI(EXPENDITURE) 10240 (i.(x)o) 9,240 (13.123) RECONCILIATION OF FUNDS Totsl funds brought foTh¥ard 122.179 135,302 TOTAL FUNDS CARIUED FORWARD 131,4 131,419 122,179 The rK4es forni part of these financial slatements Page 6
313.24 Totsl 31J.23 funds FIXED ASSETS Tangible assets 5,403 5,424 CURRENT ASSETS Debtors Cash * bank and in hand 12 16202 138.992 10,216 130,236 138.9)2 155,194 155.194 140.452 CREDITORS Amounts falling due within one year 13 (29.178) (29,178) (23.697) NET CURRENT A&Sm 12Q016 126,016 116,755 TOTAL ASSETS LLSS CURRENT LIABILMES 131.419 131,419 121179 NEf ASSETS 131,419 131.419 IU179 FUNDS Unrestricted funds Re5tricd fvnds 14 131,419 121,179 1.000 TOTAL FUNDS 131,419 121179 The charilable company is entitled to exanplion from ajIt under Section 477 of the Companies A¢t 2006 for the year ¢nd¢d 31 March 2024. The membets have not Tequired the company obtsin an audit of its financial f¢x the year ended 31 March 2024 in accordance with Se¢lion 476 of the Compnies Ad 2006. The trustes acknowledge their r¢slnSIblIitIeS for (a) ensuring that the chaTitabl¢ wnpany keeps accounting records that compty with Sedions 386 and 387 of the Cornpanies Act 20( and preparing financial statements which give & Irue and fair view of the sl of affairs of the charitable company al the end of exh financial year and of its wlus deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the Tequirements of the Compons Act 2006 ling to financial Statemen so far as applicable tr> the charilable company. (b) The no*s forn) part of these financial slatements continued...
lance These financial statements have been wepwred in accor wi subject to the small companies Tewie. the provisions applicable to tharitsble pAnIeS The financial statements were approved by the Bwd of Tntstees d authorised for issue on 8 October 2024 and were . Trustee Ms M J Liv¢rsidge- Trustre Tr notss fomi part of these finaDC1 sE*ments Page 8
arch 2 31.324 31J23 C#sh flows from operallng activities 7,687 (1.080) Net cash provided by1{ed in) (watingxtivities 7.687 (1,080) Cash tlows from Inves¢lHg aetivit Purch&8e of tsngible fixed assets Interest re¢¢ived (1,773) 2,842 (1,579) Net cash provided byl(used in) investing a]VItieS 1.069 (478) Chgnge in cash and casb equivalents ID the reportlDg period CAsh and e2sh equiv21¢nts at the beginning of the reporting period &756 (1.558) 130236 131.794 Cgsh and cash equivalents 4¢ the end of the reportlng period 138,992 130.236 The notes fomi part of these financial statements
low Statem ear End 24 RECONCILIATION OF NEf INCOMFJ(EXPENDITU OPERATING A1V[rIEs ) TO NET CASH FiA)W FROM 31J.24 31.323 Net ineomd(expendlture) for the reportthg period (•$ per ststement of Flnantial Activitie5) Adjustm¢Dts for. tkpreciation charges Interest received (Increaseydrca5C in debtors Increasd(decrease) in creditors (13.123) 1812 (i.ioi ) 11.472 (140) (5,986) 5.481 Net e#sh provlded byqu8¢d in) owAtIoD5 7,687 (1,080) ANALYSIS OF CHANGES IN NET FUNDS At 1.423 Cash flow At 31.3.24 Net cash Cash at bank and in hand 130.236 &756 138,992 130236 &756 138,992 Total 130236 8,756 138.992 Page 10
the Fin Year En 024 ACCOUNTING POLICIES B*sis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 101 have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Stsl¢m¢nt of Recommended Practice applicable to charities prepari g their accounts in accordance with the Financial Reportlng StandaTd applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statents have been prepared under the historical cost conventio All income is recognised in the Statement of Fillanciaj Activitie$ once the charity has entitleme to the fund4 it is probable thal the income will be Teeeived and the amount Ign be measured reliably. Expenditure Liabilities are rewised as expenditure as soon as there, is a Icgal or ConstrtIve obligation committing the charity to that expendituK it is probable that a transfer of economic benefits will be required in settlement and the amount of the obliwion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost rel&ed to the ¢ate80ry. Where costs cannot be directly attributed to particular headings they have been allocated io activities on a basis consistent with the use of TY4nglble fixed assets Depreciation is provided at the following annual rates in life. er to write off each asset over its estimated useful Fixturts and fittings Computer equipment 250A on reducin8 balance 25Vo on reducing balance Taxgtion The charity is exernpt from corporation tax on its charitable tivitie& Penslon costs and other post-rellrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Ststement of Financial A¢tivities in the period to which they relat IK)NATIONS AND LEGACIES 31.3.24 31.323 Donations and gifts 7,871 3.454 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account intsrest 1842 Pagell continued...
File Chil I Statemen for the Year Ende INCOME FROM CHARITABLE A1VITIEs 31.3.24 A1VitieS undertaken directly 31.3.23 Total activities Other funding- NYCClother Training grants Grants Nursery income (including Clippers out of school) 179,849 2,500 i.0 171,987 5.000 1.000 340,758 288,94 524,107 466,891 CHARITABLE AcfiviTIES COSTS SUPPORT cosrs Govemance costs Support costs 14,771 tr) the irml Independent examination fres Other{payroll and management accounts) Total 1,920 1.800 NET INCOMUEXPENDITURE) Net income/(expenditure) is stated after charg1(crediting). 31.3.24 31.323 Depreciati(x). owned assds 1,794 1,812 TRUSTEES, REMUNERATION AND BENEFITS There were no Ine¥ remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trnstees, expenses There were no tru5tee5' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 12 continued...
eFin 2024 STAFF COSTS 31J.24 31J.23 Wages and salaries Social srfurity Costs Other pension costs 386,897 14.746 6,308 354,184 15,007 5.879 407,951 375,070 The averAge monthly number of employees during the year w&$ as follows: 313.24 313.23 Administration Catering Child¢ 24 24 26 26 Key management personnel were deemed to be K Pickard and G Jord8n with a total salary in the year of £42214 combined. There were no employees with emoluments in excess of £60,(KJO. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVlTILS Unrestricted fund Restricted fimds Total funds IIYCOME AND ENDOWMENTS FROM Donations and legacies 3.454 3.454 Charitsble actlvitles Activities undertaken directly 465,891 466.891 Inveslment in¢ome I,ioi Total 470,446 1,000 471.446 EXPENDITURE ON Charltsble 8¢tivi¢ies Activities undertaken directly Support costs 464,635 19,934 464.635 19,934 Total 484,569 484.569 NET INCOMFJ(EXPENDITURE) (14,123) I,cKJo (13.123) RECONCILIATION OF FUNDS Total funds brought forward 135.302 135J02 TOTAL FUNDS CARIUED FORWARD 121.179 1.000 IU179 Page 13 continued...
cial Statements- c tinued TANGIBLE FIXED ASSETS Fixtures Computer equipment fittings Totals COST At l Aprll 2023 Addilions 36.239 1,773 12242 48.481 1,773 At 31 Mah 2024 38,012 12,242 50254 DEPRECIATION At l April 2023 Chwge for year 31730 lJ16 IOJ27 478 43,057 1,794 At 31 March 2024 34,046 10,805 44,851 NET BOOK VALUE At 31 Mah 2024 3,966 1,437 5,403 Al 31 March 2023 3,509 1,915 5,424 12. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trnde debiors Prepayments 13,833 1369 7,884 2,332 16,202 10216 13. CREDITORS: AMOUNTS FALLING DUE WITHIN O E YEAR 31.3.24 31.3.23 Trade creditors Other erediiors Aru¢d expenses 3,189 22.971 3,018 3.156 17,016 3,525 29,178 23,697 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 Al 1.423 Unrestrleted funds General fund 121,179 10240 131,419 R¢strl¢t¢d thnds Kil¢hen 1,000 { I,OLYJ) TOTAL FUNDS 1?1179 9240 131,419 Pa8¢ 14 eontinued...
es to the Fin ed 31 March 2024 MOVEMENT IN FUNDS- eondnu¢d Net movement in fund& included in the above are a5 follow . Incoming resourc¢s Resources expended Movement in funds Unre5trlcted fundi General fund 533,820 (323580) 10240 Restrlcted funds Kitchen Groundwork UK (1,000) (1.000) (1,000) 1,000 (2.Crf)O) (1,000) TOTAL FUNDS 534,820 (525,580) 9,240 CompArallves for movement In fvndj Net movement in funds At 31.3.23 Ai 1.4.22 Unrestrleted thnds General fund 135302 (14,123) 121,179 Restrlcted thnds Kitchen 1,000 TOTAL FUNDS 135,302 (13,123) 122,179 Comparntive net movement in funds, included in the above are as follows: InmIng resources Resources expended Movement In fimds Unrestrleted fvnds General fund 470,446 (484,569) (14.123) Restrltted fynds Kitchen 1.000 1,000 TOTAL FUNDS 471,446 (484,569) {13.123) Pa8e 15 onlinued...
Notes to the Financial Ststemats- cont. r the Year Ended l March 2024 14. MOVEMENT IN FUNDS- eontinued A current year 12 montlLs and wior year 12 months combined position is &s follows: Net movement At 31.3.24 At 1.422 Unrestricted funds General fund 135J02 (3,883) 131.419 TOTAL FUNDS 135J02 (3,883) 131,419 A yeu 12 monts and wior year 12 monts Lxynbined movement in fimd4 included in the above are as follows: Incoming Resources Movement expended in funds Unrestrleted tsnd$ 1.004266 {1,008,149) {3.883) Restrlcted fuDds Kitchen GrOu1Work UK {I,000) {l.{K} Iiw)) TOTAL FUNDS (1.010.149) (3,883) RELATED PARTY DISCU)SURES A Inte¢ Mts J M Swift LLB is a diredor of the legal fimi used by the charity. Swift HR & Legal Ltd was paid £4,761 during thc year for k1 and HR 5eTViCfS (2023 £9299). The txrtstsnding bolance at the year end was Page 16
24 313.24 31.3.23 INCOME AND ENDOWMENTS Donallons and legaeles Donations and gift5 7.871 3.454 Investment Intome Deposit account interest 1842 i.ioi Charltable aetlvllles Other fundin8- NYCClother Training grants Grants Nursery income {including Clippers of school) 179,849 1500 171,987 1.000 340,758 288,904 524,107 466.891 Total Incomlng resour 534,820 471,446 EXPENDITURE Charltable Aetlvltlej Wages sla1 3UrIty Pensions Nursery rthse$ Rent Insurance Telephone Postage and stslionery Advertising Repairs and renewals Computer equipnent Staff unifoTrnS Cleaning Stora8e Donations Sundry expenses Trnining costs Subscriptions Bad debts Travel and tiips Leasing Charges Fixtures and fittings Computer equipne 386,897 14,746 6J08 37,568 17,735 3,473 1,759 1551 696 11246 32 1,927 7,557 .635 145 568 iiio 5,492 3,043 1,707 1,819 1.316 479 354,184 15,007 5,879 38264 17203 3,251 2,329 1578 732 1583 58 1,213 7.459 1,763 130 698 1280 4,916 ]J57 1,171 510,809 464,635 Support eosts This page does not forni pfirt of the StstsrtY financial ststements Page 17
en ia 202 31.3.24 31.323 Support costs Governance eosts Accounthncy fee5 Legal fees Bank charges 8579 4,983 1209 9588 1,782 14,771 19,934 Total Rsources expended 525,580 484,569 Net in¢omel(txpenditure) 9240 (13,123) This page does not fomi part of the statytory finala1 slatements Page 18