2022-08-31-accounts

Members ofthe Board	and Professional	and Professional	Advisers	Advisers
Trustees' Annual Report
Independent Auditor's	Report
Statement of Financial	Activities	(incorporating		Income and Expenditure	Account)
Balance Sheet
Statement of Cash Flows
Notes to the Financial	Statements

Registered		charity	name		St Bede's Childcare	Limited
Charity	registration		number		1137866
Company		registration		number	05871101
Registered		office			C/0 MHA Moore and Smalley
					Richard House
					Winckley Square
					Preston
					PR1 3HP
Principal	office				St Bede Church of	England	Primary Academy
					Morris Green Lane
					Bolton
					I ancashire
					BL33LJ
Trustees
					J Roberts
					SBagshaw
					E Balmer
					A Black (Appointed	1 March	2022)
					M A Caine
					K Dearden
					K Denton
					E Pendlebury
Auditor					MHA Moore and Smalley
					Chartered Accountants
					Richard House
					Winckley Square
					Preston
					PR1 3HP

ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 AUGUST 2022 Auditor's responbibllltles for tho audlt of the flnanclal statements Our objectives are lo obtain reasonable assuranc8 about wh8thar the financh%l ststamants as a whole ar& free from material misstatement. whelhor duo to fraud or error. and tg I￿Ue an auditor's report that includas our opinion. Reasonable a$8uran¢¢ 1$ a high lgvd of assur8nca. bul is not a guarantag that an audit conducted in accordance with ISAS IUKI will a￿ayS delect a material misstatement when it exists. Misslatements can ariso from fraud or error and are considerod malarial if, Individually or in Ihe aggregate, they could reasonably be eXp￿t￿d lo influence the econom￿ decisions of users taken on the basis of thèsa finaricial $talem8nls. Irregularities, including fraud, aro instances of non-complian￿ with laws and regulations. Wa design procedures in lina with our responsibilities, outlin8d abov8. lo d8t8Ct malarial mi5slatemenls in respect of irregularities, ineluding fraud. The extent lo which our prwdures are capabl8 of dat￿tIng irwulariti8s, including fraud is detailed below. Enquiryof management, thos6 charged with governance around actual and potential litigation and claims. R&viewing minutes of meetings of those charged wi(h govemance. ReV￿wing financial statement disck)sures and tasting lo supwting dccumentation to assess compliance th applicable laws and regulations. Auditing the risk of management override of controls, including through lasting journal entries and other justsnenl8 for appropriateness, and evaluating th8 business rationalé of signrfieant Irans&tions outside the nomial coursg of businoss,. 88cause of the field ill which the dienl operates identfvd that safeguardiThJ, wnployment law, heaEth and safely legislation and complian¢e wilh the UK C¢)mpani88 Acl are th8 areas most likely to have a material inpact on the financwl statèments. ing lo the inherent limttations of an audrt: there is a risk that Wo will rK>I det￿ 011 irrogularitigs, including those leading lo a materi81 misslalemenl in the finarbcial slataments or non<ompliance with regulation. This risk increases the more that complianc8 With a law or regulaknon is removgj from the events and transaction5 reflecl&d in the financial stst8ments, as wo will be less likely to become aware of instances of n0￿cOmPl￿nc8. The risk is also grgatw regarding irregularities 0￿Uning due to fraud rather than 8rror, as fraud involv8s inl8nlional concealment, forgery, collusion. omission or misrepresentation. A furthar description of our ￿SponsIbl11￿]es is available on the Financial Rèporting Couneil's websila at.. h1tps.'IA•￿W.frc.Org.uk1Our-￿OrkIAuditIAudrt-and-asSUranCelS13ndardWnd%uldan¢o1St8ndard$4nd￿uldanC for-audilors]Auditors-responsibilikn"es4or-audillDesGriPtion-of-auditors-responsibilili8s-for-8udtt.aspx. This description torrns part of our auditor's repotL Use of our report This report is made solety lo the charitable company's members. as a body, in &cordanco with Chaplgr 3 of Part 16 of the Companies Act 20Q6. Our audit work has been undertakan $0 that wa might slat8 lo the charttabl8 company's member$thos8 matt8rs w8 ar6 required to state lo them in an audrtor's report and for no other purpose. To the ful￿51 extent permitted by law, we do not accept or assume responsibility lo anyone other than the ch8ritsb18 company and the charitable companys mernbers ay a body, for our aud(( wo￿. for this report, or for the opinions we have fomed. Christino Wllson (S8nlor Statutory Audttorl For and on behalf of MHA Moore and Smalley Richard House 9 Wind(18y Square Preston PR1 3HP 3010512023

						2022	2021
				Unrestricted	Restricted	Total	Total
			Note	funds E	funds 6	Funds 6	Fundsf
Income and endowments		from:
Donations and legacies			2				25,000
Charitable activities			3	2,477,336		2,477,336	2,081,012
Investments			4	77		77	68
Other			5				69,924
Total Income and	endowments			2,477,413		2,477,413	2,027,003
Expenditure on:
Charitable activities			6/7	2,101,859	3,312	2,105,171	1,968,822
Total expenditure				2,101,859	3,312	2,105,171	1,968,822
Net Income I(expenditure)				375,554	(3,312)	372,242	205,775
Transfers between	funds
Net movement in	funds			375,554	(3,312)	372,242	207,172
Reconciliation of	funds
Total funds brought	forward			1,279,943	3,312	1,263,255	1,076,083
Total funds carried forward				1,655,497		1,655,497	1,283,255

							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	Funds	Funds
				Note	6	9	6
Fixed assets
Intangible assets				14	1,440		1,440	1,824
Tangible assets				15	918,267		918,267	781,513
					919,707		919,707	783,337
Current assets
Debtors				16	71,972		71,972	61,453
Cash at bank and		in	hand		1,081,819		1,081,819	910,981
					1,153,791		1,153,791	972,434
Creditors:	amounts		falling due within
one year				17	(202,040)		(202,040)	(224,561)
Net current	assets				951,751		951,751	747,873
Total assets less		current liabilities			1,871,458		1,871,458	1,531,210
Creditors:	amounts		falling due after
more than	one year			18	(215,961)		(215,961)	(247,955)
Net assets					1,655,497		1,655,497	1,283,255
Charity Funds
Restricted	income	funds						3,312
Unrestricted	funds				1,655,497		1,655,497	1,279,943
Total charity funds					1,655,497		1,655,497	1,283,255

					2022		2021
			Note
Cash flow	from operating activities:
Net cash	flow from operating activities		20		382,665		310,182
Cash flow	from investing activities:
Payments	to acquire tangible	fixed assets		(165,474)		(39,816)
Interest received				77		58
Net cash	flow from investing	activities			(165,397		(39,758)
Cash flow	from financing activities
Repayment	of long term loans			(37,219)		(13,123)
Interest paid				(9,211)		(12,853)
Net cash	flow from financing	activities			(46,430)		(25,976)
Net increase/(decrease) in cash and					170,838		244,448
cash equivalents
Cash and	cash equivalents at	1 September	2021		910,981		666,533
Cash and	cash equivalents	at 31 August	2022		1,081,819		910,981

					Unrestricted	Restricted	2022	2021
					Funds	funds	Total	Total
							Funds	Fundsf
	Fees				2,461,326		2,461,326	2,078,012
	Other income				16,010		16,010	3,000
					2,477,336		2,477,336	2,081,012
4	Income from investments
					Unrestricted	Restricted	2022	2021
					Funds	funds	Total	Total
							Fundsf	Fundsf
	Bank interest receivable				77		77	58
6	Other income
					Unrestricted	Restricted	2022	2021
					Funds	funds	Total	Total
							Fundsf	Funds F
	Coronavirus	Job	Retention	Scheme Grants				64,588
	Other Coronavirus		Related	Grants				5,336
								69,924

Analysis	o	f ex	penditure on chari	table activities by fund	type
				Unrestricted	Restricted	2022	2021
				Funds	funds	Total	Total
						Funds	Funds
						6	6
Wages and salaries				1,518,545	3,312	1,521,857	1,409,098
Food				119,839		119,839	92,395
Heat and light				35,940		35,940	32,604
Rent and rates				110,058		110,058	106,159
Repairs and	maintenance			23,478		23,478	26,683
Cleaning and	caretaking			42,367		42,367	26,938
Insurance				15,185		15,185	17,111
Telephone				5,447		5,447	5,775
Equipment and		activities		49,852		49,852	54,347
Legal and professional				14,777		14,777	25,237
Depreciation				28,720		28,720	21,866
Senior management			recharge	114,306		114,306	114,394
Administration				1,765		1,765	7,404
Bank interest	(note		12)	15,472		15,472	12,853
Other expenses				14,262		14,262	7,572
Amortisation				384		384
Bad debt written		off		(13,023)		(13,023)	489
Governance	costs (note 8)			4,485		4,465
				2,101,859	3,312	2,105,171	1,960,926

Analysis of ex	pendi	ture on charitable activ	ities by activity type
			Direct	Support	2022
			charitable	Costs	Total
			costs		Funds
			E		5
Wages and salaries			1,521,857		1,521,857
Food			119,839		119,839
Heat and light			35,940		35,940
Rent and rates			110,058		110,058
Repairs and maintenance			23,478		23,478
Cleaning and caretaking				42,367	42,367
Insurance				15,185	15,185
Telephone				5,447	5,447
Equipment and	activities		49,852		49,852
Legal and professional				14,777	14,777
Depreciation				28,720	28,720
Senior management		recharge		114,306	114,306
Administration				1,765	1,765
Bank interest (note 12)				15,472	15,472
Other expenses				14,262	14,262
Amortisation				384	384
Bad debt written	off		(13,023)		(13,023)
Governance costs (note 8)				4,485	4,485
			1,848,001	257,170	2,105,171
			Direct	Support	2021
			charitable	Costs	Total
			costs		Funds
			5
Wages and salaries			1,409,098		1,409,098
Food			92395		92,395
Heat and light			32,604		32,604
Rent and rates			106,159		106,159
Repairs and maintenance			26,683		26,683
Cleaning and caretaking				26,938	26,938
insurance				17,111	17,111
Telephone				5,775	5,775
Equipment end	activities		54,347
Legal and professional				25,237	25,237
Depreciation				21,866	21,866
Senior management		recharge		114,394	114,394
Administration				7,404	7,404
Sank interest (note		12)		12,853	12,853
Otherexpenses				7,572	7,572
Sad debt wn'iten	off		489		489
Governance costs (note 8)				7,896	7,896
			1,721,776	247,046	1,968,822

The aver	age monthly	number of em	ployees during the year was as fo	llows:
				2022	2021
				No	No
Management				12	16
Nursery	and after school club workers			83	80
				95	96
The total	staff costs	and employees	benefits were as follows:
				2022 E	2021f
Wages and salaries				1,416,458	1,327,544
Social security				78,531	57,907
Defined	contribution	pension costs		26,868	23,647
				1,521,857	1,409,098

12		Interest payable and similar expenses	Interest payable and similar expenses
					2022f	2021f
		Bank loans and overdrafts			15,472	12,853
					15,472	12,853
13		Net Incoming Resources
		Net incoming resources	is stated after charging
					2021	2020f
		Depreciation			28,720	21,866
		Amortisation			384
		Auditors' remuneration	(net of VAT)		4,485	6,825
14		Intangible assets
				Goodwillf	Webslte	Total
	Cost
	At 1	September 2021		270,000	1,920	271,920
	Additions
	At 31 August 2022			270,000	1,920	271,920
	Amortisatlon to date
	At 1	September 2021		270,000	96	270,096
	Amortisation				384	384
	At 31 August 2022			270,000	479	270,480
	Net book value
	At 31 August 2022				1,440	1,440
	At 31 August 2021				1,824	1,824

15	Tangible fixed assets
				Land and	Fixtures &	Total
				buildings	fittings
				E	E	E
	Cost
	At 1 September 2021			873,132	34,105	908,630
	Additions			158,226	7,248	165,474
	Disposals
	At 31 August	2022		1,031,658	7,248	1,072,711
	Depreciation
	At 1 September 2021			113,280	12,444	125,724
	Charge in the	period		23,637	5,083	28,720
	Eliminated on	disposals
	At 31 August	2022		136,917	17,527	154,444
	Net book value
	At 31 August	2022		894,441	23,826	918,267
	At 31August	2022		759,852	21,661	781,513
	The net book	value of land and buildings	comprised:
					2022 E	2021f
	Land and buildings:
	Freehold				218,609	225,422
	Leasehold				675,832	534,430
					894,441	759,852
16	Debtors
					2022	2021
	Trade debtors				31,413	32,119
	Prepayments	and accrued income			40,559	29,334
					71,972	61,453

17	Creditors: Amounts	falling due within one year
			2022	2021
			5	5
	Bank loan		29,889	28,853
	Trade creditors		50,249	53,170
	Accruals and deferred	income	72,166	105,849
	Other creditors		49,736	36,689
			202,040	224,561
18	Creditors: Amounts	falling due after more than one year
			2022	2021
			E
	Bank loan		216,961	247,955

Deferred	Income
			2022	2021
			8
Balance	brought	forward at 1 September 2021	46,909	54,422
Amounts	deferred	in the year	12,130	46,909
Amounts	released to income		(46,909)	(54,422)
			12,130	46,909

Movements ln funds	Movements ln funds
Current year		At 1				At 31
		September 2021	Incoming I'ceo UI'cas	Outgoing resources	Transfers	August 2022
		E		F	E
Unrestricted	fund	1,175,664	2,477,413	(2,101,859)	(27,046)	1,624,172
Designated	fund	104,279			27,046	131,325
Restricted	fund	3,312		(3,312)
		1,283,255	2,477,413	(2,105,171)		1,ee5,497

benefit oft	h	e public.	e public.
In addition,		places are held		open at		each venue to be used at the discretion						of the Directors to aid in
safeguarding		and/or	where	particular		areas	of hardship		are	identified	within	families	accessing our
childcare.
Prior year						At 1							At 31
				September				Incoming		Outgoing			August
						2020	resources			resources	Transfers		2021
						E		E		E		E	E
Unrestricted		fund			988,476		2,174,597		(1,964,633)			(22,775)	1,17e,ee4
Designated		fund			83,526					(2,033)		22,775	104,279
Restricted	fund				4,081			1,397		(2,166)			3,312
					1,076,083		2,175,994		(1,968,822)				1,283,255
Analysis of		net assets between			funds —prior			year
									Unrestricted		Restricted		2021
										funds		funds	Total
Fixed assets										781,513			781,513
Current assets										969, 122		3,312	972,434
Current liabilities										(224,561)			(224,561)
Non-current		liabilities								(247,955)			(247,955)
										1,279,943		3,312	1,283,255

Total	futur	e minimum lease payments under non-cance	llable operating leases are as follow	s:
			2022	2021
			Land and	Land and
			Buildings	Buildings
			E
Operating		leases which expire
Within	1 year		57,750	57,750
Within	2 to 5years		147,750	147,750
More	than	5years	270,000	300,OOO
			476,eoo	5oe,ooo

						2022f	2021f
Net income/(expenditure)		for	the period			372,242	207,172
Interest receivable						(77)	(58)
Interest payable						15,472	12,853
Amortisation of intangible		fixed assets				384
Depreciation and impairment			of tangible	fixed assets		28,720	21,866
Decrease/(increase)	in debtors					(10,519)	34,828
Decrease in creditors						(23,557)	33,521
Net cash flow from	operating		activities			382,666	310,182
Analysis of net debt
						Other non-
				1September		cash	31 August
				2021f	Cash flowf	changes f.	2022 f.
Net cash:
Cash at bank and	in hand			910,981	170,838		1,081,819
Debt:
Bank loans				(276,808)	37,219	(6,261)	(245,850)
Net debt				634,173	208,057	(6,261)	835,969