Trustees Annual Report 2023/2024 We have continued to provide and maintain a high-quality provision of care and education. All staff are fully qualified and hold an enhanced DBS which are held on the live updated service. Health and safety are paramount. Staff have level 2 Food Hygiene certificates. Once again, the nursery has been awarded the 5* Food Hygiene rating from the Foods Standards Agency. Our Sun Safe accreditation remains active. Staff retention has been good. Our families are reflective of the local area alongside the local Hospital and the Preston Business Centre. The year has proved to be a struggle in terms of the number of registered children. We have noted a gradual decline in the number of children requiring full time nursery places since the Covid pandemic resulting in Parent’s ‘working from home’. The children spent an interesting morning with a voluntary guide dog speaker and her Ambassador dog Kimber. Children learnt how visually impaired people are helped with the aid of a guide dog and the important role they have in a person’s life. Children had the opportunity of touching and handling Kimber. Wearing a mask to cover their eyes they walked alongside Kimber allowing him to direct them, enhancing their understanding of what being visually impaired means. Links within the local community continued with visits to the mosque, church and library. A visit from the Police Community Support officer was well received providing an opportunity for the children to dress up as police officers, sit in the police car and activate the siren. The session provided a fun and positive experience for the children. Swimming lessons for the Pre-school age children continued with all children achieving level 5 Little Ducklings Award. Children celebrated key events with parties, appropriate activities, stories, songs and dance. Festivals include Eid, Diwali and Christmas. Key events such as the Preschool Graduation, Harvest festival and Birthdays are acknowledged. Fundraising was done through World Book Day and Children in Need and Christmas Jumper Day. Continued professional development remained a priority with team members undertaking training on the following courses: - Supporting English as an additional language - Behaviour and self-regulation - Squash it, squeeze it, punch it - Little experiments - Birth to 5 - Music Everywhere - Safeguarding - WELcommes and TLP’s - Help I am feeling overwhelmed - Home learning environment and making it count MART KID CHI ARE FFI tiviti Repairs and maintenance Telephone Postage and stationery Advertising Sundry expenses Motor and travelling expenses Trade subscriptions Registration and CRB fees Computer runningcosts Cleaning and waste disposal Staff training 1.274 604 1.271 490 67 8,458 507 10,653 153 3.308 682 7.803 247 397 210 1,691 639 1,584 408 16,644 23.801 Bank and credit card charges 60 60 rn Accountancy and payrollfees Consultancyfees Depreciation of tangible fixed assets 840 92 71 1517 Total resources expended 252.046 283,727 Net income l expenditure 10,674 41,153 This page does notform part of the statutoryfinancial statements 16 MEAND EN ME Fees received Funding 161.218 248,557 262.720 324,880 IA Deposit account interest Total incoming resources 262,720 324,880 Raisin￿o￿ati.0￿s.d￿d￿ega£lRs Rates and utilities Insurance 5.212 14,224 12,855 3,324 Rent of loan store 46,686 43,429 Trustees, salaries 74,691 90,506 8,509 2.163 816 96,123 54.087 36,983 7.097 11,917 Salaries, wages and NIC Temporary staff Pensions Food and drink Resources and activities 2,178 147 Staff and children's uniforms 179.010 206,207 This page does notform part ofthe statLrtoryfinancialstatements 15 NAN THE YEAR END T2 24 Therewere no related partytransactions tortheyear ended 31August2024. 14 HILD RE TATE At MovemLnt At ND nr Generalfund Total Funds 597,806 10,674 Net movement in funds. included in the above are as follows- Incoming Resources Movement t- tedFu General fund 252 Total Funds Net At Movement At Unrest ' ted F Generalfund 252.046 10.674 262.720 Total Funds 252.046 10,674 262,720 Compaiative net movement in funds. included inthe above are as follows: Incoming Resources urc Movement Generalfund Total Funds 13 ID ARE TE Fl REN NT FAL NE 24 23 Prepayments Other Debtors 13. CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR Trade Creditors Credit card Social security and othertaxes Other creditors Nest pension payments Accrued expenses Income received in advance 103 803 1470 7.259 12 MART KIDS HILD CA Pl nt nd Fixtur Pr achinery and Fittings At I September 2023 Additions 213,484 36.070 27237 At 31 August 2024 21 07 At I September 2023 Chargeforyear 151.238 24,757 25,614 At 31August 2024 Net Bookvalw_e At 31 August 2024 55.330 10.056 1,083 At 31 August 2023 62,246 11,313 1,623 Computer Equipment Totals At I September 2023 Additions 7.757 284,548 At 31 August 2024 At I September 2023 Charge foryear 7.757 218,079 At 31August 2024 et Bookvalue At 31 August 2024 66,469 At31 August2023 66,469 li HI TAT R T os NTIN The average monthly numberof employees duringthe yearwas as follows.. Employees No employees received emoluments in excess of £60.000. 13 10. COWARATIV TEME Unrestricted Donations and legacies Investment income 262,412 Total 262.412 iture Raising f unds rita Expenses 251.986 Total 251.986 Net Income l Expenditure 10,426 RECONCILIATION OF FUNDS Total funds broughtforward 597,806 Total funds carried forward 608,232 io NAN IA R ENDED T2 16.644 1517 18.161 Expenses 6. SUPPORT COSTS Expenses 870 870 7.N EXP TURE 2Q2.4 Net lexpenditurel l income is stated after charging= Depreciation - owne(J assets 8713 8713 .TRU TEE 'RE D BENEFITS 202 Trustees, salaries Trustees received reimbursementforexpenses incurred duringthe yearended 31 August 2024. No benefit arose from the reimbursement. 9. STAFF COSTS Wages and salaries Social securitycosts Other pension costs 90,506 13,306 91,070 36.983 ART EFI IA AT NVES 20 Deposit account interest Rates and utilities Insurance Rent of loan store 13,212 10.965 12,855 3,324 rtr Tiustees, remuneration etc Staff costs Food and drink Resources and activities Staff and children's uniforms 82,397 90.506 9.554 96,123 91,070 7,604 Aggregate amounts MART KIDS CHILD TAT UST 2024 NT LICIES _&is_ofprep_ari_nLthe fina I staip nts- continued The charity is exemptfrom corporationtax on its charitable activities. Unrestricte(i funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used tor particular restricted purposeswithin the objects ofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation ofthe nature and purpose of each fund is included in the notes tothe financial statements. The charitable company operates a defined contribution pension scheme. Contributions payableto the charitable company's pension scheme are charged to the Statement of FinancialActivities in the period to which they relate. 2. DONATIONSAND LEGACIES 02 Fees received Funding 248,557 Grants received, included in the above. are as follows- 23 Other grants MART TE EFIN IA l.AC NGPO rin The financial statements ofthe charitable company.which is a public benefit entityunder FRS102. have been prepared in accordance with the Charities SORP IFRS 1021'Accounting ancl Reporting byCharities- Statement of Recommended Practice applicable to charities preparingtheiraccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective I January2015}'. Financial Reportingstandard 102'The Financial Reportingstandard applicable in the UK and Repubic of Ireland, and the Companies Act 2006. The financialstatements have been prepaied under the historical cost convention. The charity hastaken advantage ofthetollowing disclosure exemption in preparingthesefinancial Statements, a5 permitted by FRS 102'The Financial Reportingstandard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. All income is recognised in the Statementof FinancialActivities once the Charity has entitlementto the funds, it is probable thatthe income will be received. and the amount can be measured reliably. 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 carl be measured reliably. Expenditure is accounted for on an accruals basis and has been classif led 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. Depreciation is provided at the following annual rates in older to write off each asset over its estimated useful life. Freehold property- IO% on reducing balance Plant and machinery- at variable rates on reducing balance Fixtures and fittings- 25% on cost Motorvehicles- 25% on cost Computer Equipment- 50% on reducing balance TKID The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 forthe year ended 31 August 2024. The members have not required the companyto obtain an audit of its financial ststements forthe year ended 31 August 2024 in accordance with Section 476 ofthe Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuringthatthe charitable company keeps accountingrecords that complywith Section 386 and 387 ofthe Companies Act 2006 and Ibl 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 def icit for each financial year in accordancewith the requirements of Sections 394 and 395 and which otherwise complywith the fequirements ofthe CompaniesAct2006 relatingtofinancial statements. sofar as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions ot Part 15 of the Companies Act2006 relatingto charitable smallcompanies. The financial statementswere approved bythe Board ofTrustees on 7 May 2025 and were signed on its behalf by: Mrs L Hayes-Trustee The notes form partofthesefinancialstatements HILD 2024 Unrestricted Fund 2023 Total Fund Tangible assets li 66.469 75,182 ￿￿RR.ENTA _ Debtors Cash at bank 12 23.754 21,924 543,584 526,686 RE Amounts falling duewithin oneyear 13 TOTAL ASSETS LESS CURRENT LIABILITIES Unrestricted funds 14 608.480 TOTAL FUNDS 608.480 The notes form part of these financial statements LA TIVITIE 2024 Unrestricted Fund 2023 Total Fund Donations and legacies Investment income 262,720 324.880 Total NDIT RE Raising f unds 233.884 245,435 Charitable Activities Expenses Total 252,046 283,727 NET EXPENDITURE I INCOME 10.674 41.153 Totalfunds brough fotward ND ARRI The notes form partofthese financialstatements INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OF SMART KIDS CHILD CARE ndent ex min re ort tru mart Kids hil 'the C I ieportto the charitytrustees on my examination ofthe accounts ofthe Companyforthe year ended 31 August 2024. ar As the charity's trustees of the Company {who are alsothe directors forthe purposes of company law} you are responsible forthe preparation ofthe accounts in accordancewith the requirements ofthe Companies Act 2006 {'the 2006 Act,). Havingsatisfied myself thatthe accounts ofthe Company are not Tequired to be audited forthisyear under Part 16 ofthe 2006Act and are eligiblefor indepenoent examination. I report in respectof my examination of yourcharity's accounts as carried out under section 145 ofthe Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the directions given bythe Charity Commission under section 145{5)Ibl of the 2011 Act. The company's gross income exceeded £250.000 and l 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 causeto believe that- l. accounting recordswere not kept in accordancewith section 386 ofthe 2006Act' or 2. the accounts do not accord with those recor(is- or 3. the accounts do not complywith the accounting requirements of section 396 ofthe 2006Act otherthan any requirementthatthe accounts give a true and fairvtewwhich is not a matter considered as part of an independent examination", or 4. the accounts have not been prepared in accordancewith the Charities SORP IFRS1021- I have no concerns and have come across no other matters in connectionwith the examination to which attention should be drawn in this report in orderto enable a proper understandingof the accounts to be reached. Mrs KA Fare MAAT Fare Pay & Books 25 Grange Lane Newton with Scales Preston Lancashire PR4 3RS 07 May 2025 SMART KIDS CHILDCARE REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31AUGUST2024 The trustees who are also directors of the charityforthe purposes of the Companies Act2006, present their reportwith the financialstatements ofthe charityfortheyear ended 31 August 2024. The trustees have adopted the provisions of Accountingand Reporting by Charities- Statement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UKand Republic of Ireland IFRS 102) (effective ljanuary 20151. cu The charity is controlled by its government document. a deed of trust, and constitues a limited company. limited byguaranee. as defined bythe Companies House Act 2006. AN 06873377 {England and Wales) Re LtereLQffioe Bhailoksquare Fulwood Preston Lancashire PR2 8DY rustft£s Mrs L Hayes Mrs S Valli Mr RJ Hayes Nursery Manager Communitysupportworker Business and Communications Manager Fare Pay & Books 25 Grange Lane Newton Preston Lancashire PR4 3RS Approved byorder otthe board oftrustees on 7 May 2025 and signed on its behalf by-_ Mrs L Hayes- Trustee SMART KIDS CHILDCARE CONTENTS OFTHE FINANCIAL STATEMETrtrs FOR THE YEAR ENDED 31AUGUST 2024 Page Report ofthe Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet 4t05 Notes to the Financial Statements 6t014 Detailed Statement of Financial Activities 15to16 Company Registration No. 06873377 (England and Wales) Registered Charity No. 1131945 REPORTOFTHETRUSTEESAND UNAUDITED FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 AUGUST 2024 SMART KIDS CHILDCARE (A company Limited by Guarantee) SMART KIDS CHILDCARE REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31AUGUST2024 The trustees who are also directors of the charityforthe purposes of the Companies Act 2006, present their reportwith the financialstatements ofthe charityfortheyear ended 31 August 2024. The trustees have adopted the provisions of Accountingand Reporting by Charities: Statementof Recommended Practice applicable to chaiities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UKand Republic of Iieland IFRS 102) (effective ljanuary 2015). in The charity is controlled by its government document. a deed oftrust, and constitues a limited company, limited by guaranee. as defined bythe Companies House Act 2006. 06873377 (England and Wales) iSte[e￿QttlOR Bhailok Square Fulwood Preston Lancashire PR2 8DY Mrs L Hayes Mrs S Valli Mr RJ Hayes Nursery Manager Community Supportworker Business and Communications Manager Fare Pay & Books 25 Grange Lane Newton Preston Lancashire PR4 3RS Approved byorder ofthe board oftrustees on 7 May2025 and signed on its behaltby:" Mrs L Hayes-Trustee INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OF SMART KIDS CHILD CARE nde IA in r'sr mart car I report to the charity trustees on my examination ofthe accounts ofthe Company forthe year ended 31 August 2024. an As the charity's trustees ofthe Company (who are also the directors forthe purposes of companylaw} you are responsible forthe preparation of the accounts in accordance with the requirements ofthe Companies Act 20061'the 2006 Act'l. Having satisfied myselfthatthe accounts ofthe Companyare not required to be audited forthisyear under Part 16 ofthe 2006 Act and are eligible for independent examination. I report in respect of myexamination ofyour charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l- In carryingout my examination I have followed the directions gven bythe Charty Commission under section 145151(bl of the 2011 Act. The company's gross income exceeded £250.000 and l am qualified to undertake the examination by being an AAT Licensed Accountant. I have completed my examination. I confimi that no material matters have cometo my attention in connection with the examination giving me causeto betieve that- l. accounting records were nol kept in accordance with section 386 ofthe 2006 Act- or 2. the accounts do not accord with those records. or 3. the accounts do not complywith the accounting requirements of section 396 ofthe 2006Actotherthan any requirementthatthe accounts give a true and fairviewwhich is not a matter considere(J 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 connectionwith the examination to which attention should be drawn inthis report in orderto enable a proper understandingof the accounts to be reached. Mrs KA Fare MAAT Fare Pay & Books 25 Grange Lane Newton with Scales Preston Lancashire PR4 3RS 07 May2025