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← St Bede's Childcare Limited

2023-08-31-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
ofCash Flows
Notes to the Financial Statements

Registered Registered charity name charity name St Bede's Childcare Limited
Charity registration number 1137866
Company registration number 05871101
Registered office C/0 MHA
Richard
House
Winckley Square
Preston
PR1 3HP
Principal office St Bede Church of England Primary Academy
Morris Green Lane
Bolton
Lancashire
BL33LJ
Trustees
J Roberts
S Bagshaw
E Balmer
A Black
M A Caine
K Dearden
K Denton
E Pendlebury

MHA
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 2023 Irregularlts'es, including fraud. are instances of non-compliance with laws and regulations. We deS￿n procedurgs in line with our responslbiltties, outllned abov8. to detact material misststements in respect of irregularities. including fraud. The oxtent to whith our pro¢6duras are capable of delects'ng ifregulafilias. including fraud is dglailed below.. Enquiry of managemenL those charged with govemance arwnd actual and potontial liligalion and claims., R8viewlng minutes of meetings of those charged govemance. Reviewlng financial ststament disclosures and16sling to supporting documentation lo assess compliance with applicablo laws and regulations- Review of legal and professional expenditure to Klenttfy any evidence of ongolng lillgation or enquiri6S Auditing tho risk of management Ove￿Ide of controls, including through t¢$ting journal $ntrles and other adjustments for appropriateness. and evaluating the busine$5 raJonalo of signtficant transactions outsida th6 normal course of business,; Reviewing the systoms for recordlng revenu0 and t&stad a sampl8 of sales throughout the year. to test they have bgon involc8d' Because of the field in which the cligllt operaltss wo id&nlified that saf6gLtarding. employment law, health and safelylggislation and (x)mpliance with the UK Companies Ad are th8 aroas most likely to have a material impact on the financi￿ statement$. Owing to the inherent limitations of an audiL there is a risk that w& will not d8t8Ct all irregularities, including those leading lo a material misststement in the financial statements or non-compllance with r8gulalion. This risk Increases the mor8 that compli8nc6 wilh a law or regulation is removed from the events and Irdnsactions reflected in th8 flnancial stalemonts, as we wll be likety to become aware of instances of non-complian¢&. The risk is also grea18r regarding irregularities occurying due lo fraud rather than error. as fraud involves intgntional concealment, forg8ry, Collusion, omission or misrepresentation. A further description of our responsibilities is availablo on lh& Financial Reporting Council's website at.. httpS.'1fv￿.frc.Org.uklo￿r-WOrkJAu￿iuA￿dIt-and-a$sUranc91standards-and-g￿IdanceIsta￿dardS-and-gUI￿anCe- for-8udilorslAudilors-responsibilities-for-audiUD8scriplion-of-audiiors-responsibilitses-for-audil.aspx. Thi$ description fomis part of our auditor's r8pcffl. Uso of our rgport Thi5 report Is mada sololy lo th6 charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our auijil work has been undertaken so that we might stale lo the charitable company's members those matters we are required lo state to Ihem in an audilorfs reportand for no other purpose. To the fullest exlerit p8rn1itt&d by law. we do not ac￿pt or assume responsibility lo anyone other than the charitable company and the charilable company s members as a body, for our audit work, for this report, or for the opinions we have formed. NIGola Mason Senior Statutory Auditor For and on behalf of MH& Statutory Auditor Preston, United Kingdom 101051?024 MHA is the Iradlng name of Maclntyrfj Hudson LLP. a limited liabiltty partnership in England and Wales (regislered number OC3123131

2023 2022
Unrestricted Restricted Total Total
Note fundsf fundsf Funds
f.		 Fundsf
Income and endowments from:
Donations
and legacies		 2 2,091 2,091
Charitable
activities		 3 2,621,282 2,621,282 2,477,336
Investments 4 979 979 77
Total income and endowments 2,624,352 2,624,352 2,477,413
Expenditure
on:
Charitable
activities		 6/7 2,367,858 2,367,858 2,105,171
Total expenditure 2,367,858 2,367,858 2,105,171
Net income
/ (expenditure)		 256,494 256,494 372,242
Transfers
between		 funds
Net movement
in		 funds 256,494 256,494 372,242
Reconciliation
of		 funds
Total funds
brought		 forward 1,655,497 1,655,497 1,283,255
Total funds carried forward 1,911,991 1,911,991 1,655,497

2023 2022
Unrestricted Restricted Total Total
funds funds Funds Funds
Note 6 6
Fixed assets
Intangible
assets		 13 1,056 1,056 1,440
Tangible assets 14 897,988 897,988 918,267
899,044 899,044 919,707
Current assets
Debtors 15 52,146 52,146 71,972
Cash at bank and in hand 1,338,356 1,338,356 1,081,819
1,390,502 1,390,502 1,153,791
Creditors: amounts
one year		 falling due within 16 (192,872) (192,872) (202,040)
Net current assets 1,197,630 1,197,630 951,751
Total assets less current liabilities 2,096,674 2,096,674 1,871,458
Creditors: amounts falling due after
more than one year 17 (184,683) (184,683) (215,961)
Net assets 1,911,991 1,911,991 1,655,497
Charity Funds
Restricted
income		 funds
Unrestricted
funds		 1,911,991 1,911,991 1,655,497
Total charity funds 1,911,991 1,911,991 1,655,497

2023 2022
Note
Cash flow from operating
activities:
Net cash flow from operating
activities		 22 318,186 382,665
Cash flow from investing
activities:
Payments
to acquire tangible		 fixed assets (13,167) (165,474)
Interest received 979 77
Net cash flow from investing activities (12,188) (165,397)
Cash flow from financing
activities
Repayment
of long term loans		 (42,997) (37,219)
Interest paid (6,464) (9,211)
Net cash flow from financin activities (49,461) (46,430)
Net increase/(decrease)
In cash and		 256,537 170,838
cash equivalents
Cash and cash equivalents
at		 1 September 2022 1,081,819 910,981
Cash and cash equivalents at 31 August 2023 1,338,356 1,081,819

Donations
and legacies
Unrestricted Restricted 2023 2022
Funds funds Total Total
Fundsf Funds
E
Donations 2,091 2,091
2,091 2,091

Unrestricted Restricted 2023 2022
Funds funds Total Total
Funds Fundsf
Fees 2,606,461 2,606,461 2,461,326
Other income 14,821 14,821 16,010
2,621,282 2,621,282 2,477,336
4 Income from investments
Unrestricted Restricted 2022 2021
Funds funds Total Total
Fundsf Fundsf
Bank interest receivable 979 979 77

Analysis o fex penditure
on char		 itable
activities
by fund		 type
Unrestricted Restricted 2023 2022
Funds funds Total Total
Funds Funds
8
Wages and salaries 1,663,017 1,663,017 1,521,857
Food 136,691 136,691 119,839
Heat and
light		 81,118 81,118 35,940
Rent and rates 113,413 113,413 110,058
Repairs and maintenance 33,912 33,912 23,478
Cleaning
and		 caretaking 32,955 32,955 42,367
Insurance 16,524 16,524 15,185
Telephone 9,212 9,212 5,447
Equipment
and		 activities 55,605 55,605 49,852
Legal and professional 10,887 10,887 14,777
Depreciation 31,466 31,466 28,720
Senior management recharge 143,200 143,200 114,306
Administration 488 488 1,765
Bank interest (note 11) 20,733 20,733 15,472
Other expenses 10,912 10,912 14,262
Amortisation 384 384 384
Bad debt written off 2,150 2,150 (13,023)
Governance costs (note 7) 5,191 5,191 4,485
2,367,858 2,367,858 2,105,171

Analysis
ofex		 pend iture
on charitable
activ		 ities
by activity type
Direct Support 2023
charitable Costs Total
costs Fundsf
Wages and salaries 1,663,017 1,663,017
Food 136,691 136,691
Heat and light 81,118 81,118
Rent and rates 113,413 113,413
Repairs and maintenance 33,912 33,912
Cleaning
and caretaking		 32,955 32,955
Insurance 16,524 16,524
Telephone 9,212 9,212
Equipment
and		 activities 55,605 55,605
Legal and professional 10,887 10,887
Depreciation 31,466 31,466
Senior management recharge 143,200 143,200
Administration 488 488
Bank interest (note 11) 20,733 20,733
Other expenses 10,912 10,912
Amortisation 384 384
Bad debt written off 2,150 2,150
Governance
costs (note 7)		 5,191 5,191
2,085,906 281,952 2,367,858
Direct Support 2022
charitable Costs Total
costs Funds
8
IVages 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 end professional 14,777 14,777
Depreciation 28,720 28,720
Senior management recharge 114,306 114,306
Administration 1,765 1,765
Bank interest (nole 11) 15,472 15,472
Other expenses 14,262 14,262
Amortisalion 384 384
Bad debt written off (13,023) (13,023)
Governance
costs (note 7)		 4,485 4,485
1,848,001 257,170 2,105,171

2023 2022
No No
Management 10 12
Nursery
and afier school club workers		 84 83
94 95
The total staff costs and employees benefits were as follows:
2023 2022
E 8
Wages and salaries 1,556,551 1,416,458
Social security 79,196 78,531
Defined contribution pension costs 27,270 26,868
1,663,017 1,521,857
11 Interest payable
and		 Interest payable
and		 similar expenses similar expenses
2023 2022
E E
Bank loans and overdrafts 12,853 15,472
12,853 15,472
12 Net Incoming Resources
Net incoming resources is stated after charging
2023 2022
E E
Depreciation 31,466 28,720
Amortisation 384 384
Auditors'
remuneration		 (net ofVAT) 5,191 4,485
13 Intangible
assets
Goodwill Website Total
E E
Cost
At 1 September 2022 270,000 1,920 271,920
Additions
At 31 August 2023 270,000 1,920 271,920
Amortisatlon to
date
At 1 September 2022 270,000 480 270,480
Charge
in the		 period 384 384
At 31 August 2023 270,000 864 270,864
Net book value
At 31 August 2023 1,056 1,056
At 31August 2022 1,824 1,824

NOT
FOR		 ES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31 AUGUST 2023		 ES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31 AUGUST 2023
14 Tangible fixed assets
Land and Fixtures
&		 Total
buildings fittings
Cost
At 1 September 2022 1,031,358 41,353 1,072,711
Additions 1,845 11,322 13,167
Disposals (5,400) (5,400)
At 31 August 2023 1,033,203 47,275 1,080,478
Depreciation
At 1 September 2022 (136,917) (17,527) (154,444)
Charge
in the		 period (25,220) (6,246) (31,466)
Eliminated
on		 disposals 3,420 3,420
At 31 August 2023 (162,137) (20,353) (182,490)
Net book value
At 31August 2023 871,066 26,922 897,988
At 31August 2022 894,441 23,826 918,267
The net book value of land and buildings comprised:
2023 2022
F 6
Land and buildings:
Freehold 213,514 218,609
Leasehold 657,552 675,832
871,066 894,441
15 Debtors
2023 2022
6 6
Trade debtors 11,097 31,413
Prepayments and accrued income 24,317 40,559
Other debtors 16,732
52,146 71,972

16 Creditors: Amounts falling due within one year
2023 2022
F
Bank loan 32,439 29,889
Trade creditors 38,712 50,249
Accruals and deferred income 66,253 72,166
Other creditors 55,468 49,736
192,872 202,040
17 Creditors: Amounts falling due after more than one year
2023
6		 2022f
Bank loan 184,683 215,961

2023 2022
6
Balance brought forward at 1 September 2022 12,130 46,909
Amounts deferred in the year 9,313 12,130
Amounts released to income (12,130) (46,909)
9,313 12,130

Movements
In funds		 Movements
In funds
Cunent year At 1 At 31
September Incoming Outgoing August
2022 resources resources Transfers 2023
F F
Unrestricted fund 1,524,172 2,624,352 (2,367,252) (33,459) 1,747,813
Designated fund 131,325 (606) 33,459 164,178
Restricted fund
1,655,497 2,624,352 (2,367,858) 1,911,991

Prior year At 1 At 31
September Incoming Outgoing August
2021 resources resources Transfers 2022
F. 8 8 8 E
Unrestricted fund 1,175,664 2,477,413 (2,101,859) (27,046) 1,524,172
Designated fund 104,279 27,046 131,325
Restricted fund 3,312 (3,312)
1,283,255 2,477,413 (2,105,171) 1,655,497
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2023 2022
Land and Land and
Buildings Buildings
E
Operating leases which expire
Within 1 year 58,038 57,750
Within 2 to 5 years 120,000 147,750
More than 5 years 240,000 270,000
418,038 475,500