The nursery has continued to maintain a high-quality level of provision. Staff retention has remained good with child numbers dipping a little. Millies Mark and Sun Safe accreditations remain active.
Once gain children have celebrated and took part in various celebrations throughout the year. World book day and Christmas jumper day are always popular and fun events providing special opportunities to drees up as well as raising funds for Children in need.
Visits to the local mosque and church are embedded into our curriculum allowing children to gain an understanding of different faiths and community.
Several visits to the library were made by all ages encouraging and embedding the value of books.
During Harvest time children, parents and staff gifted donations of food which was passed on to the Salvation Army to be given to the homeless of Preston.
Eid was celebrated with parties and traditional fayre.
Weekly swimming lessons continued with all children who attended achieving Little Duckling level 5 award. Unfortunately, due to a lack of uptake drama sessions had to be cancelled. We attributed this to the current economic climate.
The Christmas party was the climax of our festive celebrations. The children were entertained by Mr Stix who delivered an hour of magic, balloon modelling, singing and comedy. A great time was had by all.
Training remains key in staff continued professional development. The inclusion of children with additional needs has
A particular focus has been SENCO training for children with additional needs.
Other areas covered include Communication and Literacy, food hygiene, Paediatric First Aid, L.C.C. Early Years Network training events and workshops.
Company Registration No. 06873377 (England and Wales) Registered Charity No. 1131945
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
SMART KIDS CHILDCARE
(A company Limited by Guarantee)
SMART KIDS CHILDCARE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
| 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 2023. 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 constitues a limited company, limited by guaranee, as defined by the Companies House Act 2006.
REFERENCE AND ADMINISTRATION DETAILS
Registered Company Number
06873377 (England and Wales)
Registered Office
Bhailok Square Fulwood Preston Lancashire PR2 8DY
Trustees
Mrs L Hayes Nursery Manager Mrs S Valli Community Support Worker Mr R J Hayes Business and Communications Manager
Independent Examiner
Fare Pay & Books 25 Grange Lane Newton Preston Lancashire PR4 3RS
Approved by order of the board of trustees on 14 August 2024 and signed on its behalf by:-
….................................................................................................
Mrs L Hayes - Trustee
1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMART KIDS CHILD CARE
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 2023.
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 an AAT Licensed Accountant.
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:
-
accounting records were not kept in accordance with section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Mrs KA Fare MAAT
Fare Pay & Books 25 Grange Lane Newton with Scales
Preston
Lancashire PR4 3RS 14 August 2024
2
SMART KIDS CHILD CARE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| 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 brough forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted Fund Notes £ 2 324,880 3 0 324,880 4 245,435 5 38,292 283727 41,153 556,653 597,806 |
2022 Total Fund £ 369,738 0 369,738 |
|---|---|---|
| 334,537 44,887 379,424 -9,686 566,339 |
||
| 556,653 |
The notes form part of these financial statements
3
SMART KIDS CHILD CARE
BALANCE SHEET AS AT 31 AUGUST 2023
| FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted funds TOTAL FUNDS |
2023 Unrestricted Fund Notes £ 11 75,182 12 21,924 504,762 526,686 13 -4062 522,624 597,806 14 597,806 597,806 |
2022 Total Fund £ 83,896 19,184 465,282 |
|---|---|---|
| 484,466 -11,709 472,757 |
||
| 556,653 | ||
| 556,653 | ||
| 556,653 |
The notes form part of these financial statements
4
SMART KIDS CHILD CARE
BALANCE SHEET - CONTINUED AS AT 31 AUGUST 2023
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
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
5
SMART KIDS CHILD CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS102, 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 Repubic 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 proabable 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 theuse of resources.
Tanglible 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
6
SMART KIDS CHILD CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
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
| 2. DONATIONS AND LEGACIES | |||
|---|---|---|---|
| Fees received Funding Other grants Grants received, included in the above, are as follows: |
2023 £ 248,557 76,323 324,880 2023 £ 0 |
2022 £ 267,991 101,747 |
2022 |
| 369,738 | |||
| 2022 £ 101,747 |
2022 |
7
SMART KIDS CHILD CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
3. INVESTMENT INCOME
| 3. INVESTMENT INCOME | ||||
|---|---|---|---|---|
| Deposit account interest 4. 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 |
2023 £ 0 2023 £ 12855 3324 27250 43,429 2023 £ 66,903 178,326 7,604 7,155 1,645 261,633 305,062 |
2022 £ 0 2022 £ 15,297 11,829 27,250 54,376 2022 £ 96,123 161,960 13,301 7,225 1,552 280,161 |
2022 £ 0 2022 £ 15,297 11,829 27,250 |
2022 |
| £ 0 2022 |
||||
| 54,376 | ||||
| 2022 | ||||
| 334,537 |
8
SMART KIDS CHILD CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
5. CHARITABLE ACTIVITIES COSTS
| 5. CHARITABLE ACTIVITIES COSTS | ||||||
|---|---|---|---|---|---|---|
| Expenses Expenses Net (expenditure) / income is stated after charging: Depreciation - owned assets 8. TRUSTEES'REMUNERATION AND BENEFITS Trustees' salaries 6. SUPPORT COSTS 7. NET (EXPENDITURE) / INCOME |
Direct Costs £ 23,801 Finance |
Direct | Support Costs (Note 6) £ 1517 Goverance Costs £ 1517 2023 £ 8713 2023 £ 96,123 |
Totals £ 25,318 Totals £ 1517 2022 £ 10,931 2022 £ 96,123 |
Totals | |
| Costs | ||||||
| £ 0 |
Trustees' benefits
Trustees received reimbursement for expenses incurred during the year ended 31 August 2023. No benefit arose from the reimbursement.
| 9. STAFF COSTS Wages and salaries Social security costs Other pension costs |
2023 £ 178,326 36,983 0 215,309 |
2022 £ 202,444 47,514 8,125 258,083 |
|---|---|---|
9
SMART KIDS CHILD CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
9. STAFF COSTS (CONTINUED)
The average monthly number of employees during the year was as follows:
| The average monthly number of employees during the year was as follows: | |
|---|---|
| 2023 Employees 13 No employees received emoluments in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Fund £ Income and Endowments from Donations and legacies 324,880 Investment income 0 Total 324,880 Expenditure on Raising funds Charitable activities Expenses 271,810 Total 283,727 Net Income / Expenditure 41,153 RECONCILIATION OF FUNDS Total funds brought forward 556,653 Total funds carried forward 597,806 |
2022 |
| 13 |
10
SMART KIDS CHILD CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
| 11. TANGIBLE FIXED ASSETS Cost At 1 September 2022 Additions At 31 August 2023 Depreciation At 1 September 2022 Charge for year At 31 August 2023 Net Book Value At 31 August 2023 At 31 August 2022 Cost At 1 September 2022 Additions At 31 August 2023 Depreciation At 1 September 2022 Charge for year At 31 August 2023 Net Book Value At 31 August 2023 At 31 August 2022 |
Freehold Property £ 213,484 0 213,484 144,322 6,916 151,238 62,246 69,162 |
Plant and Fixtures Machinery and Fittings £ £ 36,070 27237 0 0 36,070 27,237 23,500 25,074 1,257 540 24,757 25,614 11,313 1,623 12,570 2,163 Computer Equipment Totals £ £ 7,757 284,548 0 0 7,757 284,548 7,756 200,652 1 8714 7,757 209,366 0 75,182 1 83,896 |
Fixtures and Fittings |
Fixtures and Fittings |
Fixtures and Fittings |
|---|---|---|---|---|---|
| Fittings | |||||
£ 27237 0 27,237 |
|||||
| 25,074 540 25,614 |
|||||
| 200,652 8714 209,366 |
|||||
| 75,182 83,896 |
11
SMART KIDS CHILD CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
| 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments Other Debtors 13. 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 |
2023 £ 0 0 0 2023 £ 0 0 0 0 803 7259 0 8,062 |
2022 £ 13,625 5,559 19,184 |
2022 |
|---|---|---|---|
| 2022 £ 0 432 0 0 801 10,476 0 11,709 |
2022 |
12
SMART KIDS CHILD CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
| Net At Movement At 14. MOVEMENT IN FUNDS 01/09/2022 in Funds 31/08/2023 £ £ £ Unrestricted Funds General fund 556,653 41,153 597,806 Total Funds 556,653 41,153 597,806 Net movement in funds, included in the above are as follows: Incoming Resources Movement Resources Expended in Funds £ £ £ Unrestricted Funds General fund 324,880 283,727 41,153 Total Funds 324,880 283,727 41,153 Net Comparatives for movement in funds At Movement At 01/09/2021 in funds 31/08/2022 £ £ £ Unrestricted Funds General fund 566,339 -9,686 556,653 Total Funds 566,339 -9,686 556,653 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement Resources Expended in Funds £ £ £ Unrestricted Funds General fund 369,738 379,424 -9,686 Total Funds 369,738 379,424 -9,686 |
Net At Movement At 14. MOVEMENT IN FUNDS 01/09/2022 in Funds 31/08/2023 £ £ £ Unrestricted Funds General fund 556,653 41,153 597,806 Total Funds 556,653 41,153 597,806 Net movement in funds, included in the above are as follows: Incoming Resources Movement Resources Expended in Funds £ £ £ Unrestricted Funds General fund 324,880 283,727 41,153 Total Funds 324,880 283,727 41,153 Net Comparatives for movement in funds At Movement At 01/09/2021 in funds 31/08/2022 £ £ £ Unrestricted Funds General fund 566,339 -9,686 556,653 Total Funds 566,339 -9,686 556,653 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement Resources Expended in Funds £ £ £ Unrestricted Funds General fund 369,738 379,424 -9,686 Total Funds 369,738 379,424 -9,686 |
Net At Movement At 14. MOVEMENT IN FUNDS 01/09/2022 in Funds 31/08/2023 £ £ £ Unrestricted Funds General fund 556,653 41,153 597,806 Total Funds 556,653 41,153 597,806 Net movement in funds, included in the above are as follows: Incoming Resources Movement Resources Expended in Funds £ £ £ Unrestricted Funds General fund 324,880 283,727 41,153 Total Funds 324,880 283,727 41,153 Net Comparatives for movement in funds At Movement At 01/09/2021 in funds 31/08/2022 £ £ £ Unrestricted Funds General fund 566,339 -9,686 556,653 Total Funds 566,339 -9,686 556,653 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement Resources Expended in Funds £ £ £ Unrestricted Funds General fund 369,738 379,424 -9,686 Total Funds 369,738 379,424 -9,686 |
|---|---|---|
| £ -9,686 -9,686 |
13
SMART KIDS CHILD CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
14
SMART KIDS CHILD CARE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| 2023 £ INCOME AND ENDOWMENTS Donations and legacies Fees received 248,557 Funding 76,323 324,880 Investment income Deposit account interest 0 Total incoming resources 324,880 EXPENDITURE Raising donations and legacies Rates and utilities 12,855 Insurance 3,324 Rent of loan store 27,250 43,429 Other trading activities Trustees' salaries 96,123 Salaries, wages and NIC 54,087 Temporary staff 36,983 Pensions 7,097 Food and drink 11,917 Resources and activities 0 Staff and children's uniforms 0 206,207 |
2022 £ 267,991 101,747 |
|---|---|
| 369,738 0 369,738 15,297 11,829 27,250 54,376 96,123 123,304 30,531 8,125 13,301 7,225 1,552 280,161 |
This page does not form part of the statutory financial statements
15
SMART KIDS CHILD CARE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Repairs and maintenance | 1271 | 5,187 |
| Telephone | 490 | 1,222 |
| Postage and stationery | 67 | 2,474 |
| Advertising | 8,458 | 6,119 |
| Sundry expenses | 507 | 1,252 |
| Motor and travelling expenses | 10,653 | 6,019 |
| Trade subscriptions | 153 | 105 |
| Registration and CRB fees | 210 | 919 |
| Computer running costs | 1,584 | 2,275 |
| Cleaning and waste disposal | 408 | 1,913 |
| Staff training | 0 | 1,224 |
| 23,801 | 28,709 | |
| Support Costs | ||
| Finance | ||
| Bank and credit card charges | 60 | 73 |
| Governance costs | ||
| Accountancy and payroll fees | 1,517 | 899 |
| Consultancy fees | 0 | 4,275 |
| Depreciation of tangible fixed assets | 8,713 | 10,931 |
| 10,230 | 16,105 | |
| Total resources expended | 283,727 | 379,424 |
| Net income / expenditure | 41,153 | -9,686 |
This page does not form part of the statutory financial statements
16
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMART KIDS CHILD CARE
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 2023.
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 an AAT Licensed Accountant.
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:
-
accounting records were not kept in accordance with section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Mrs KA Fare MAAT
Fare Pay & Books 25 Grange Lane Newton with Scales
Preston
Lancashire PR4 3RS 14 August 2024
2