## ## |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| ## ## ## ## ## ## ## ## ##