Milestones Childcare Ltd
(Registered charity number 1132071)
(Company limited by guarantee. Registered Number 06850078)
FINANCIAL STATEMENTS
for the year ended 31 March 2024
Contents
Page
Legal and administrative infomiation
Trustees, report
Examinerfs report
Statement of financial activits'es
Balance sheet
Notes to the accounts
9-10

Milestones Childcare Ltd
Legal and administrative inforniation
Trustees
P Askew
K Hamlin
C Clayton
Registered Charity number
1132071
Company Ltd by Guarantee number
06850078
Principal address
20 Verdant Way
Sheffield
S5 6LE
Independent examiner
Craig Williamson
The Ghyll
Threapland
Aspatria
CA7 2EL
Bank
Unity Trust Bank
Nine Brindleyplace
Birmingham
B12HB

Milestones Childcare Ltd
Trustee report
The Trustees present their annual report and financial ststements for the year ended 31 March 2024
which are aSso prepared to meet the requirements for a directors, report and accounts for Companies
Act purposes.
The financial statements compy with the Charities Act 2011. the Companies Act 2006, the
Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standards for Smaller Entities.
Structure, govemance and management
The Charitable Company is governed by the Memorandum and Articles of Association
incorporated 17 March 2009 and was entered on the Register of Charits'es effective 12 October 2009.
The company has no share capital. The guarantee of each member is limited to £1.
Milestones is managed by a voluntary Board of Directors and day to day running of the charity is
undertaken by the appointed Early Years Childcare Manager who manages a team of paid staff.
New Trustees are recruited by invitation and or application. They are representative of the community,
(either geographical or of interest). A full induction must be undertaken by all new trustees and a ski118
analysis completed.
The Trustees meet at regular inte￿alS during the year and are responsible for the strategic
direction and policy of the charity.
The trustees who served during the year are listed on page 2 on the report.
Objectlve and Activltles
To enhance the development and education of children under statutory school age by encouraging
parents to understand and provide for the needs of their children through community groups.
Public benefit statement
The trustees of Milestones give due consideration to the Charity Commission public benefit guidance,
when Carrying out activities to meet its aims.
Our beneficiaries are pre-school children and their families. The activities this year continued to
meet the sim to enhance the development and education of children of or below statutory school
age by encouraging parents to understsnd and provide for the needs of their children through
community groups.

Milestones Childcare Ltd
TThstee report
Achievements and performance
Milestones has continued to build from the last few years following the challenges of the Covid
Pandemic. It has been a difficult time financially and there have been some staffing changes
and difficult decisions to be Made.
The staff are working extremely hard to manage the financial pressures we are experiencing by
looking for free ways to improve the settj'ng for the benefit of the children.
This year we have upgraded some of the nursery equipment f￿tureS and fittings
Outdoor taps
• Garden recourses
• Painting and decorating the foyer
We have also tried to work hard on taking our children out on trips, some families don't have the
funds to be able to take their children out so we ty to make this an essential part of our vision
New recourses for outings
Bonfire paty
. Christmas party
. Trips to the farm and museums and Bridlington this year
• Supporting parents with hospitsl visits etc
The nursery has also been able to set up food donations for those parents that are struggling.
This has been done by the kind donations of fare share and Asda. This has meant that families
who are struggling have felt able to approach the staff for support.
The nursery has also Improved their IT and Facebook page and infomation and ideas for
parents are shared on this forum. This has proven to be popular with parents and has led to an
increase in interest locally with parents looking for a setting for their children to start attending.
Parents support groups for sleepldieuroutines has been introduced and this is proving to be
beneficial for those new parents who may need some extra support.
Over the last few weeks, we have been successful in operating a sensory playgroup, this is a free
session for toddlers in the local area and run by volunteer. this is proving to be a valid resource.
Training continues to be at the top of the agenda and recent first aid training for all staff has
taken place.
We encourage apprenti￿shIpS and students on health and social Ca￿ courses.
We continue to work with local professionals to build on relationships formed for better
outcomes for the children in our care.
Milestones continues to operale in difficult financial times. but we have a happy and productive
workforce whose focus is on improving the learning outcomes and working alongside the EYFS
for the sake of the children in their care. Milestones is a happy place to be, and this is evident
when you spend time with the Children who are Gleatly benefiting from the professionalism of
the slaff who work there.
Our resent Otsted rating was GOOD
Reserves policy:
The charity has a policy of maintsining sufficient free reserves, which are not committed or invested in
fixed assets. to meet..
unexpected costs such as redundancy, breakdown of essential equipment, staff cover re illness,
maternity leave, etc and
unavoidable running costs for a period of at least 6 months in the event of grant income being
withdrawn.
This commitment is now estimated to be approximately £171,000, which will be approximately 6
month's expenditure at £146,000, repair and maintenance £3.000 and potential redundancy at £22,000.
Our unrestricted reserves currently stand at £68,390

Mllestones Childcare Ltd
Trustee report
Trustees responslbilities for the financial statements
Company and charity law requires the trustees to prepare financial statements for each
financial period which show the state of affairs of the charity and of net income or
expenditure of the charity for that period. In preparing those financial statements, the
Trustees are required to:
Q select suitable accounting policies and apply them consistently:
make judgements and estimates that are reasonable and prudent.
Cl prepare the financial statements on the going concem basis unless it
is inappropriate to presume that the charity will continue in operation.
Cl state whether applicable accounts'ng stsndards of recommended
practice have been followed subject to any departures disclosed
and explained in the financial statements.
The Trustees are responsible for keeping proper accounting records
which disclose with reasonable accuracy at any time the financial position of the charity
and enable the Trustees to prepare financial ststements. The Trustees
are responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevents'on of fraud and other irregularities.
This report has been prepared in accordance with the special provisions for small
companies under Part 15 of the Companies Act 2006.
This report was approved by the Trustees on fl
their behalf by:
d is signed on
K HamSin
Trustee

Milestones Childcare Ltd
Independent Examiner's report on the Accounts of
Milestones Childcare Ltd
for the year ended 31 March 2024
I report on the accounls of the company for the year erKled 31 March 2024. which are set out on
pages 7 to .
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year under section 144(2) of the Charities Act 2011
(the 2011 Act) and that an independent examination is needed.
Having satisfied myself that th8 charity is not subject to audit under company law and is eligible
for independent examination, it is my responsibility to:
D examine the accounts under section 145 of the 2011 Act;
Q to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145 (51(b) of the 2011 Act-, and
Ei to stale whether particular matters have cornè to my attention.
Basi8 of Independent examiner's roport
My examination w8s carried out in accordance with the general Directions given by the Charity
Commission. An examination include5 a review of the accounting records kept by the charity and
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence Ihat
would be required in an audit and consequently no opinion is given as to whether the accounts
present a 'true and fair view, and the report is limited to those matters set out in the statement
below.
Independent examinar's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
to prepare accounts which accord wilh the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles of
the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of
the accounl
eached.
Signed:
Craig William50n
White Rose Accounting for Charities
The Ghyll
Threapland
Aspatria
CA7 2EL
Date:

Milestones Childcare Ltd
Balance Sheet as at 31 March 2024
2024
2023
Notes
Current assets
Balance at bank and cash in hand
Prepayments
Total current assets
66,924
1,966
68,890
48,858
1,743
50,601
Creditors: amounts falling due
within one year
(500)
(475)
Net current assetsl(liabilities)
68.390
50,126
Total assets less current liabilities
68,390
50,126
Net assets
68,390
50,126
Represented by
Unrestricted general fund
68,390
68,390
50,126
50,126
For the period ending 31 March 2024 the company was entitled to exemption
from audit under section 477 of the Companies Act 2006 relating to small companies.
Directovs responsibllitles.
The members have not required the company to obtain an audit of its accounts for
the year in question in accordance with section 476,
The directors acknow5edge their responsibilities for complying with the requirements
of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable
to companies subject to the small companies regime.
This report was approved by the Trustees onth•and is signed on
their behalf by:
K Hamlin
Trustee

Milestones Childcare Ltd
statement of financial activities
for the year ended 31 March 2024
Notes
Total
2023
Total
2022
Income from
Grants
Fees
Sundry income & donations
Total income
287,459
31,181
1,047
233,928
29,458
2,754
6,14
Expenditure on
Staff
Training
Travel
Premises
Utilities
Refurbishment, repairs and maintenance
Equipment, books and software
Cleaning and hygiene
Childrens refreshments
Consumables
Activities
Membership and subscription
Stationary, printing and postage
Telephone
Insurance
Independent examination
Bank charges
Other Expenses
Total expenditure
216,606
1,680
27
19,043
9,819
6,775
10,111
16,028
2,061
5,517
1,142
1,228
2,970
2,530
3,147
500
645
1,595
192,992
2,116
53
27,198
8,997
1,828
3,032
15,822
2,666
5,895
40
2,151
4,304
2,030
3,130
475
588
1,349
74,66
Net incomingl(outgoing)resources
18,263
(8,526)
Fund balances brought fonmard
50,126
58,651
Fund balances carried forward
68,390
50,126

Milestone5 Childcare Ltd
Notes to the accounts
for the year ended 31 March 2024
Accounting policies:.
(a) Basis of preparation
The Financial Statements have been prepared in accordance with the Companies Act 2006,
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and
the Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with FRS102 (effective from January 2015
and updated with effect frorn January 2018) - (the Charities SORP (FRS102)), as modified for
smaller charities.
The Charsty meets the definition of a public benefit entity as defined under FRS102.
(b) Accounting for income
Donations and sundry income are accounted for on receipts basis. Grant
income and fee income are accounted for on an accruals basis, insofar
as it is prudent to do so.
(c) Accounting for purchases with an expected life of more than one year
It has been considered prudent to write off the costs of such items in the
year of purchase
Grants
Grants received during the year were:.
Total 2024
Total 2023
Sheffield City Council - FEF
Sheffield City Council - Positive Balance
Sheffield City Council -Disability Access
Sheffield City Council -EYPP
Sheffield City Council -Extended Hours
Sheffield City Council -Deprivation Componment
Sheffield City Council -Investrnent Funding
Sheffield City Council -EHCP
Sheffield City Council -EYIP
Apprenticeship Scheme
222,167
7,828
183,345
6,115
7,681
6,911
12,027
6,312
10,297
8,184
12.633
13,477
10,483
12,187
500
287,459
1,240
233.928
Staff numbers and costs:_
Wages and salaries
Employers National Insurance
Pension
198,185
14,550
3,871
216,606
177,751
12,412
2,829
192,992
The average number of employees during the year was 13, all of
whom were engaged in activities in furtheran￿ of the objects of
the charity.
No employees received emoluments in eX￿sS of £50,000 per year
Trustees are not remunerated. No trustees received reirnbursement
of out-of-pocket expenses.

Milestones Childcare Ltd
Notes to the accounts (Gontinued)
for the year ended 31 March 2024
4 Prepayments:_
These are ServI￿S and expenses that have been paid for in advance
but not used during the accounting period. They are in respect of:
2024
2023
Insurance
1,966
1,966
1,743
1,743
5 Creditors and accruals
These are expenses owed by the group but not paid during the accounting
period. They are in respect of:
2024
2023
Independent examination
500
500
475
475
10