REGISTERED COMPANY NUMBER: 06873377 (England and Wales) REGISTERED CHARITY NUMBER: 1131945 ## REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ## SMART KIDS CHILDCARE (A company Limited by Guarantee) FOSTER & CO LTD CHARTERED ACCOUNTANTS PRESTON ## SMART KIDS CHILDCARE ## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner’s Report|2| |Statement of Financial Activities|3| |Balance Sheet|4 to 5| |Notes to the Financial Statements|6 to 14| |Detailed Statement of Financial Activities|15 to 16| ## SMART KIDS CHILDCARE ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of 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) (effective 1 January 2015). ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Governing Document The charity is controlled by its government document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies House Act 2006. ## REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number 06873377 (England and Wales) ## Registered Office Bhailok Square Fulwood Preston Lancashire PR2 8DY ## Trustees Mr R J Hayes Business & Communications Manager Mrs L Hayes Nursery Manager Mrs S Valli Community Support Worker Independent Examiner Foster & Co Limited Unit 16 Eastway Business Village Olivers Place Fulwood Preston Lancashire PR2 9WT Approved by order of the board of trustees on 24 May 2023 and signed on its behalf by:- …………………………………… Mrs L Hayes – Trustee Page 1 ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF SMART KIDS CHILDCARE Independent examiner’s report to the trustees of Smart Kids Childcare (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022. ## Responsibilities and basis of report As the charity’s trustees of the Company (who are also the 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 for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’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 The company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the ICAEW. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: 1. accounting records were not kept in accordance with section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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. Miss JK Foster ACA Foster & Co Limited Unit 16 Eastway Business Village Olivers Place Fulwood, Preston Lancashire PR2 9WT 24 May 2023 Page 2 ## SMART KIDS CHILDCARE ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022 |INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable Activities
Expenses
Total
NET EXPENDITURE/INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD|2022
Unrestricted
Fund
Notes
£
2
369,738
3
-
________
369,738
________
4
334,537
5
44,887
________
379,424
________
(9,686)
566,339
________
556,653
________|2021
Total
Fund
£
397,904
-
________
397,904
_______
297,183
52,579
________
349,762
________
48,142
518,197
_______
566,339
________| |---|---|---| The notes form part of these financial statements Page 3 ## SMART KIDS CHILDCARE ## BALANCE SHEET AS AT 31 AUGUST 2022 |FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank
CREDITORS
Amounts falling due within
one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT|2022
Unrestricted
Notes
Fund
£
11
83,896
12
19,184
465,282
________
484,466
13
(11,709)
_______
472,757
_______

556,653
________
14
556,653
________
556,653
________|2021
Total
Funds
£
94,216
18,986
482,986
________
501,972
(29,849)
________
472,123
________
566,339
________
566,339
________
566,339
________| |---|---|---| |LIABILITIES
FUNDS
Unrestricted funds
TOTAL FUNDS||| The notes form part of these financial statements Page 4 ## SMART KIDS CHILDCARE ## BALANCE SHEET – CONTINUED AT 31 AUGUST 2022 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. The financial statements were approved by the Board of Trustees on 24 May 2023 and were signed on its behalf by: ……………………………. Mrs L Hayes - Trustee The notes form part of these financial statements Page 5 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ## 1. ACCOUNTING POLICIES ## Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’: - the requirements of Section 7 Statement of Cash Flows. ## Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. ## Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 10% on reducing balance Plant and machinery - at variable rates on reducing balance Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost Computer Equipment - 50% on reducing balance Page 6 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ## 1. ACCOUNTING POLICIES ## Basis of preparing the financial statements - continued ## Taxation The charity is exempt from corporation tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |2.|DONATIONS AND LEGACIES
Fees received
Funding
JRS Funding|2022
£
267,991
101,747
-
________
369,738
________|2021
£
281,877
113,136
2,891
________
397,904
________| |---|---|---|---| Grants received, included in the above, are as follows: |Other grants|2022
£
101,747
________|2021
£
116,027
________| |---|---|---| Page 7 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 |3.
4.|INVESTMENT INCOME
Deposit account interest
RAISING FUNDS
Raising donations and legacies
Rates and utilities
Insurance
Rent of loan store
Other trading activities
Trustees’ remuneration etc
Staff costs
Food and drink
Resources and activities
Staff and children’s uniforms
Aggregate amounts|_|___| |---|---|---|---| |||_
_|| ||||| Page 8 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 |5.
6.
7.
8.
9.|Direct Support Costs
CHARITABLE ACTIVITIES COSTS
Costs
(See note 6)
Totals
£
£
£
Expenses
28,709
16,178
44,887
________
________
________
SUPPORT COSTS
Governance
Finance
Costs
Totals
£
£
£
Expenses
73
16,105
16,178
________
________
________
NET (EXPENDITURE)/INCOME
2022
2021
Net (expenditure)/income is stated
£
£
after charging:
Depreciation – owned assets
10,931
15,607
________
________
TRUSTEES’REMUNERATION AND BENEFITS
2022
2021
£
£
Trustees’ salaries
96,123
84,500
________
_________
Trustees’benefits
Trustees received reimbursement for expenses incurred during the year ended 31
August 2022. No benefit arose from the reimbursement.
STAFF COSTS
2022
2021
£
£
Wages and salaries
202,444
212,221
Social security costs
47,514
16,252
Other pension costs
8,125
9,181
_______
________
258,083
237,654
_______
________| |---|---| Page 9 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ## 9. STAFF COSTS (CONTINUED) The average monthly number of employees during the year was as follows: |Employees|____|2022
£
13
____|____|2021
£
13
____| |---|---|---|---|---| No employees received emoluments in excess of £60,000. |10.|COMPARATIVES FOR THE STATEMENT OF
Unrestricted
FINANCIAL ACTIVITIES
Fund
£
Income and Endowments From
Donations and legacies
369,738
Investment income
-
________
Total
369,738
________
Expenditure On
Raising funds
341,350
Charitable activities
Expenses
44,887
________
Total
379,424
________
Net Expenditure/Income
(9,686)
RECONCILIATION OF FUNDS
Total funds brought forward
566,339
________
Total Funds Carried Forward
556,653
________| |---|---| Page 10 ## SMART KIDS CHILDCARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 |11.|TANGIBLE FIXED ASSETS
Cost
At 1 September 2021
Additions
At 31 August 2022
Depreciation
At 1 September 2021
Charge for year
At 31 August 2022
Net Book Value
At 31 August 2022
At 31 August 2021
Cost
At 1 September 2021 and At 31 August 2022
Additions
At 31 August 2022
Depreciation
At 1 September 2021
Charge for year
At 31 August 2022
Net Book Value
At 31 August 2022
At 31 August 2021|_
_|Freehold
Property
£
213,484
-
_______
213,484
_______
136,637
7,685
_______
144,322
_______
69,162
_______
76,847
_______|Plant and
Fixtures and
Machinery
Fittings
£
£
36,070
26,626
-
611
________
________
36,070
27,237
________
________
21,786
23,966
1,714
1,108
________
________
23,500
25,074
________
________
12,570
2,163
________
________
14,284
2,660
________
________
Computer
Equipment
Totals
£
£
7,757
283,937
-
611
________
________
7,757
284,548
________
________
7,332
189,721
424
10,931
________
________
7,756
200,652
________
________
1
83,896
________
________
425
94,216
________
________|Plant and
Fixtures and
Machinery
Fittings
£
£
36,070
26,626
-
611
________
________
36,070
27,237
________
________
21,786
23,966
1,714
1,108
________
________
23,500
25,074
________
________
12,570
2,163
________
________
14,284
2,660
________
________
Computer
Equipment
Totals
£
£
7,757
283,937
-
611
________
________
7,757
284,548
________
________
7,332
189,721
424
10,931
________
________
7,756
200,652
________
________
1
83,896
________
________
425
94,216
________
________|Plant and
Fixtures and
Machinery
Fittings
£
£
36,070
26,626
-
611
________
________
36,070
27,237
________
________
21,786
23,966
1,714
1,108
________
________
23,500
25,074
________
________
12,570
2,163
________
________
14,284
2,660
________
________
Computer
Equipment
Totals
£
£
7,757
283,937
-
611
________
________
7,757
284,548
________
________
7,332
189,721
424
10,931
________
________
7,756
200,652
________
________
1
83,896
________
________
425
94,216
________
________|Plant and
Fixtures and
Machinery
Fittings
£
£
36,070
26,626
-
611
________
________
36,070
27,237
________
________
21,786
23,966
1,714
1,108
________
________
23,500
25,074
________
________
12,570
2,163
________
________
14,284
2,660
________
________
Computer
Equipment
Totals
£
£
7,757
283,937
-
611
________
________
7,757
284,548
________
________
7,332
189,721
424
10,931
________
________
7,756
200,652
________
________
1
83,896
________
________
425
94,216
________
________| |---|---|---|---|---|---|---|---| |||||||
£
26,626
611
______
27,237
______|| |||
_
_|||
__
__|
23,966
1,108
______
25,074
______|| |||
_|||
__|
_|
2,163
_____| |||
_|||
__|
_|
2,660
_____| ||||||
Totals
£
283,937
611
________
284,548
________||
Totals| ||||||||| ||||||
189,721
10,931
________
200,652
________||| ||||||
83,896
________||| ||||||
94,216
________||| Page 11 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 |12.
13.|DEBTORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
Prepayments
Other debtors
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
Trade creditors
Credit card
Social security and other taxes
Other creditors
Nest pension payments
Accrued expenses
Income Received in Advance|2022
£
13,625
5,559
________
19,184
________
2022
£
-
432
-
-
801
10,476
-
________
11,709
________|2021
£
6,813
12,173
_______
18,986
________
2021
£
922
725
4,367
7,109
817
13,535
2,374
________
29,849
________| |---|---|---|---| Page 12 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 |14.|MOVEMENT IN FUNDS
Unrestricted Funds
General fund
Total Funds
Net movement in funds, included in the
above are as follows:
Unrestricted Funds
General fund
Total Funds
Comparatives for movement in funds
Unrestricted Funds
General fund
Total Funds
Comparative net movement in funds,
included in the above are as follows:
Unrestricted Funds
General fund
Total Funds|Net
Movement
At 1/9/21
In Funds
At 31/8/22
£
£
£
566,339
(9,686)
556,653
________
________
________
566,339
(9,686)
556,653
________
________
________
Incoming
Resources Movement in
Resources
Expended
Funds
£
£
£
369,738
379,424
(9,686)
________
________
________
369,738
379,424
(9,686)
________
________
________
Net Movement
At 1/9/20
in funds
At 31/8/21
£
£
£
518,197
48,142
566,339
________
________
________
518,197
48,142
566,339
________
________
________
Incoming
Resources Movement in
Resources
Expended
Funds
£
£
£
397,904
349,762
48,142
________
________
________
397,904
349,762
48,142
________
________
________| |---|---|---| Page 13 ## SMART KIDS CHILDCARE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ## 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2022. Page 14 ## SMART KIDS CHILDCARE ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31 AUGUST 2022 ||2022|2021| |---|---|---| ||£|£| |INCOME AND ENDOWMENTS||| |Donations and legacies||| |Fees received|267,991|281,877| |Funding|101,747|116,027| ||________|________| ||369,738|397,904| |Investment income||| |Deposit account interest|-|-| ||________|________| |Total incoming resources|369,738|397,904| |EXPENDITURE||| |Raising donations and legacies||| |Rates and utilities|15,297|7,740| |Insurance|11,829|10,927| |Rent of loan store|27,250|27,250| ||________|________| ||54,376|45,917| |Other trading activities||| |Trustees’ salaries|96,123|84,500| |Salaries, wages and NIC|123,304|112,062| |Temporary staff|30,531|31,911| |Pensions|8,125|9,181| |Food and drink|13,301|10,856| |Resources and activities|7,225|1,040| |Staff and children’s uniforms|1,552|1,716| ||________|________| ||280,161|251,266| This page does not form part of the statutory financial statements Page 15 ## SMART KIDS CHILDCARE ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022 |Charitable activities
Repairs and maintenance
Telephone
Postage and stationery
Advertising
Sundry expenses
Motor and travelling expenses
Trade subscriptions
Registration and CRB fees
Computer running costs
Cleaning and waste disposal
Staff training
Bank loan interest
Support Costs
Finance
Bank and credit card charges
Governance costs
Accountancy and payroll fees
Consultancy fees
Depreciation of tangible fixed assets
Total resources expended
Net expenditure/income|2022
£
5,187
1,222
2,474
6,119
1,252
6,019
105
919
2,275
1,913
1,224
-
________
28,709
73
899
4,275
10,931
________
16,105
________
379,424
________
(9,686)
________|2021
£
2,272
1,802
1,226
4,821
1,254
12,663
1,741
220
2,259
1,866
912
799
________
31,835
32
2,297
2,808
15,607
________
20,712
________
349,762
________
48,142
________| |---|---|---| The notes form part of these financial statements Page 16