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:
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.
## 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:
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.
## Mrs KA Fare MAAT
Fare Pay & Books 25 Grange Lane Newton with Scales
Preston
Lancashire PR4 3RS 14 August 2024
2