Company Registration Number: 05871101
Charity Number: 1137866
ST BEDE'S CHILDCARE LIMITED
A Company Limited by Guarantee
Trustees, Report and Financial Statements
For The Year Ended
31 August 2024
An independent member of
mha
bakertilly
INTERNATIONAL

ST BEDE'S CHILDCARE LIMITED
A COMPANY LIMITED BY GUARANTEE
CONTENTS
Members ofthe Board and Professional Advisers
Trustees, Annual Report
Independent Audilows Report
statement of Financial Activities (incorporating Income and Expenditure Account)
10
Balance Sheet
11
Statement of Cash Flows
12
Notes lo the Financial Statements
13

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Registered ¢harlty name
St Bede's Childcare Limited
Charity registration number
1137866
Company registration number
05871101
Registered office
CIO The Quill C of E Trust
Morris Green Lane
Bolton
Lancashire
BL3 3LJ
Principal office
The Quill C of E Trust
Morris Green Lane
Bolton
Lancashire
BL3 3LJ
Trustees
June Roberts
Sarah Bagshaw
Emma Balmer
Anna Black
Michael Caine
Kimberley Dearden
Karl Denton
Emma Pendlebury
Auditor
MHA
Richard House
Winckley Square
Preston
PR13HP

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees submit their annual report and the financial statements of St Bede's Childcare Limited Ilhe charity)
for the year ended 31 August 2024. The trustees have adopted the provisions of Ihe Statement of Recommended
Practice (SORPI "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial
statements of the charity.
The financial slatemenls have been prepared in accordance with the accounting policies set out in notes to the
accounts and comply with the charity's governing document. the Charities Act 2011 and Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in awordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
Reference and administrative details are shown in the schedule of rnembers of the board and professional
advisers on page 1 of the financial statements.
The trustees
The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have
served during the year and since the year end were as follows..
J Roberts
S Bagshaw
M A Caine
K Dearden
E Balmer
K Denton
E Pendlebury
A Black
structure, governance and management
Governing document
The charity is governed by its memorandum and articles of association dated 10 July 2006.
Trustees
The number of Directors shall be not less than one. There is no maximum number of Directors.
Directors are appointed by the Board as and when required.
The trustees of the Charily receive extensive training via their individual professional organisalions. They engage
in ongoing conlinuoLFS professional development through the Headship schemes, ICAEW, ACCA. CIPD and
Ofsled-approved training providers.
Pay and remLtneration for the Childcare Director will be reviewed annually by Sarah Bagshaw (CEO), Emma
Pendlebury, and the Finance Director and will be linked to performance targets.
Three of the trustees are directors of The Quill C of E Trust. The operation of the Charity is managed wilh
assistance from staff at the school and services and costs are recharged by the Academy.
Risk management
The trustees have reviewed the risks to which the charity is subject and developed systems to mitigate these
risks.
Objectives and activities
The objects of the charity are to provide better educational and childcare resources to enable all members of the
community to play a fuller role in the local community and society at large.
The charity provides nursery care and after school Clubs.

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. ANNUAL REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The nursery provision aims to offer parents an extension to their home. where children will be loved, cared for
and educated to the highest standard, allowing parents to return to work knowing their child's needs, likes and
enjoyment are fully catered for.
The trustees have taken into consideralion the Charity Commission guidance on public benefit.
Strategic Report
Achievements and performance
In the year ended Augusl 2024 the charity moved forwards with several planned projects, continuing to build on
our charitable aims and serve our local communits"es.
Extensive refurbishment works were carried out at Baby Bede, our original flagship nursery in Bolton. The baby
ri)om and pre-school r￿mS have been transformed and are now even mole welcoming for our children, cornplete
with all new furnilure and resources. Works lo the toddler rooms are scheduled for the year ended 2025 which
will complete this major overhaul of the nursery.
A second capital project has been completed al Little Rainbows 2, one of our Leigh nurseries. The nursery has
been expanded from 56 places to 87 places from 1st September 2024. The works have included a purpose-built
state-of-the-art kitchen which will enable us to do our own catering instead of outsourcing which has been one of
the charity's ambitions. The nursery also now has a brand new 40 place pre-school room and a stunning sensory
room which all of the children in the nursery will be able to access.
The charity launched the St Bede's Childcare Awards Evenl with a celebration evening in December 2023. This
annual event will celebrale our employees and their achievements throughout the year. It has been launched by
the directors, acting on feedback from our staff.
The Hub CIC continued to rent a Community Room on a permanent basis at our Leigh site which also houses
Little Rainbows 2 nursery. This has given us the opportunity lo engage in inler-generational activities which are
mutually beneficial for I￿r children and The Hub's service users, strengthening our bonds with the local community
as we continue with our aim of making this building a centre of excellence in early years.
The directors are pleased to have secured bookings for the second Community Room from September 2024 for
the Later Life and Memory Service, working in partnership with The Hub.
Tonge Moor OOSC opened on 1st September 2023. based at Tonge Moor Academy, one of the schools in The
Quill C of E Trust with which the charity is affiliated. Occupancy has increased IhroLAghout the year and is forecast
to remain strong going forwards.
The Remuneration & Wellbeing Committee have continued theirworkwith regularstaff SU￿eyS which are followed
up with 'You said. we did, feedback for the staff.
The directors are pleased that the charity's performance remains strong financially.
Financial revlew
The detailed results for the charity are included in the Statement of Financial Activities.
Net incoming resources for the year were £399,837 (2023: £256,494).
Income from charitable activities increased by £393.809 from year ended 2023. (£3.015k v £2,621kl.

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. ANNUAL REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Reserves
The trustees consider thal a reasonable level of free reserves is 1 month's running costs. This would be
approximately £219,103. Free reserves are currently £1,010.927. Any free reserves that are not needed for
increased running Costs will be used to fund future capital works and expansion. Extra reserves are being held
so that the charity has a strong safety nel.
Plans for Future Periods
The directors are focussed on increasing the occupancy at Little Rainbows 2 in light of the recent expansion
works. This nursery was forecast to be at capacity al 56 places in September 2024 so we are confident thal
numbers will increase over the next 12 months. Occupancy is strong al the other 3 nurseries. Enquiry levels are
consistently high al Little Owls in Standish and the directors continue to look for growth opportunities in the area.
We are continuing with our rolling programme of improvemènts and refurbishment works at the nurseries.
The directors are pleased to have secured bookings for Community Room 2 from September 2024 onwards and
are working towards having a second full-time tenant.
St Bede's Childcare is opening a third OOSC on 301h September 2024 at Washacre Academy. This school has
recently ioined The Quill C of E Trust. As The Quill continues to welcome more schools into the Trust the charity
will grow ergonomically in partnership with them.
Principal Risks and Uncertaintles
The main risks to the Charity are-.
R8putational Risks and Ofsted Inspections
None of the charity's settings have been inspected this year. The charity consistentty works towards all nurseries
being graded as 'outstanding' and all OOSC meeting the required Ofsled standards All staff engage in regular
training, both statutory and non-slatutory. The Childcare Director monitors the training undertaken by all staff and
provides extra support where a need is identified. Our dedicated management teams all slrive to provide the best
possible care for the children in the St Bede's 'family'.
Increases in National Living Wag8 and Employers Costs
Increases in NLW and costs of employment continue to be a concern for the charity and for the sector in general
which is well documented in the national news. Childcare providers nationally are struggling with the government
under-funding the 'free' hours that are offered to parents and finding that they have to increase fees to parents to
cover the shorttall. Recent changes announced in the Budget are also a cause for concern.
Staff reGruitment and retention
Recruitment within the Early Years sector is still a concern. The Remuneration & Wellbeing Committee are
continually reviewing rates of pay to ensure that our staff are well-rewarded and also looking at non-fi'nancial
benefits to boosl staff morale and retention. Although the government lowered the legal staff'.children ralio in
September 2023 for 2-year-olds St Bede's have not adopted this as we do not feel that it is best practice. It is
becoming increasingly difficult to maintain the differentials between the staff grades and lo ensure that our
management teams are adequately rewarded. The directors have introduced a bonus scheme for the Nursery
Managers to try and mitigate this.

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. ANNUAL REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Factors likely to affect future financial performance or position
Local Competition
st Bede's Childcare monitor the local markets and have good relatsonships with Wigan and Bolton local
authorities. The directors continually monitor occupancy and enquiry levels. This includes asking new and
prospective parents where they heard about us. The managers also follow up all lost enquiries, looking for ways
to improve.
Changes in govemment policy and funding
Recent increases in the number of childcare hours that the govemment will fund for parents are a positive move
for the sector. However, funding rates continue to be an issue. The directors engage with local forums and keep
up to date with all developmenls.
Going Concern
Occupancy in all nurseries is high and there are no indications of this decreasing. We now have more capacity
at Little Rainbows 2 and are confident that occupancy will grow in this nursery as local demand for the government
funded hours increases. Enquiry levels are high at all of the nurseries. Demand for OOSC places is consistent
at Morris Green OOSC even though it has never returned to pre-pandemic levels. Demand is growing at Tonge
Moor OOSC and we have a third OOSC opening in the year ended 2025.
The charity's cash-flow position is strong and the trustees consider that our reserves are sufficient to continue to
meet all running costs.
Fundraising standards information
The charity does not currently raise funds from Ihe public.
Responsibilities of the trustees
The trustees (who are also directors of Sl Bede's Childcare Limited for the purposes of cornpany law) are
responsible for preparing the Trustees. Annual Report and the financial statements in accordanGe with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the truslees to prepare financial statements for each financial year. which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, Inc1L￿Ing the income and expenditure, of the charitable company for that period.

Dowslgn Env8lop8 ID.. D74B5F1&CDEA47E4.9331.EeA)1FODB998E
ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES. ANNUAL REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
In preparing these financial slatements. the truslees are required io..
select suilable accounting policies and then apply them consistently;
observe the methods and principles in Ihe Charities SORP 2019 IFRS1021',
make judgements and estimatgs that are reasonable and pNdenl-
stale whether applicable UK Accounling Standards have been followed, subject lo any malerial
deparlures disclosed and explained in the financial slalements..
prepare the financial stalements on the going concem basis unless it is inappropriate lo presume thal the
charitable company will conb'nue in operalion.
The ITuslees are responsible for keeping adequate a¢countin9 r8￿rdS that disdose wth reasonable accuracy al
3ny lime the finan¢ial position of the charitable company and enable them lo ensure that the financial sialements
comply with the Companies Acl 21X)6. They are also responsible for safeguaiding the assets of Ihe charilable
company and hence for taking rea$￿able steps for the prevention and detecti(M) of fraud and other irfegularilies.
In so far as the trustees are aware=
there is no relevant audit infomalion of which Ihe charitable company's auditor is unaware.. and
the Iruslees have taken all steps thal they oughl lo have taken lo make themselves aware of any relevant
audit information and lo esiablish Ihal the auditor is aware of Ihal informalbn.
Audltor
The audllor. MHA are deemed lo be re-appointed under seCI￿n 487 (21 of the Companies Act 2006.
Small company provlslons
This report has been prepared in accordance with the Stalemenl of Recommended Practice 'Accounting and
Reporting by Charities". and in accordance with the special provisii)ns for small companies under Part 15 of ihe
Companies Act 2￿6.
Signed by order of the Iruslees
Sarah Bagshaw
Trustee
Regislered office..
The Quill C of E Trust
Morris Green Lane
Bolton
Lancashire
BL3 3LJ

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS
FOR THE YEAR ENDED 31 AUGUST 2024
Opinion
We have audited the financial statements of St Bede's Childcare Limited (the 'charitable company,) for the year
ended 31 August 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow
Statement and notes lo the financial statements, including significant accounting policies. The financial reporting
framework Ihat has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Slarkdard 102 The
Financial Reporting Slandard appliGable in the UK and Republic of Ireland (United kQ'n9dom Generally Accepted
Accounting Praclice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024, and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended.,
have been propedy prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with Ihe requirements of the Companies Act 2006.
Basis for opinion
We conducted our aljdit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit
of Ihe financial stalements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial slatemenls in the UK. including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wilh these
requirements. We believe that the audit eviden￿ we have oblained is sufficient and appropriale to provide a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast Slgnificant doubt on the chariiable company's abilily to
continue as a going concern for a period of at least ￿e1ve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Other informalion
The other information comprises the information included in the trustees annual report. olher than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and, except
to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon Our responsibility is to read the other information and, in doing so, consider whether the other information
is materially inconsistent wilh the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be malerially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a malerial misstalement in the financial
statements themselves. If. based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are reqLFired to report that fact.
We have nothing to rerx)rt in Ihis regard.

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS
FOR THE YEAR ENDED 31 AUGUST 2024
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit-.
the information given in the trustees, report (incorporating the directors, reporl) for the financial year for which
the financial statements are prepared is consistent with the financial statements., and
the directors, reporl has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the strategic report and the trustees report.
Matters on whlch we are required to report by exception
We have nothing to report in respect ofthe following matters in relation to which the Companies Act 2006 require
us to report to you if. in our opinion=
adequate accounting records have not been kept, or returns adequate for our audit have not been
received froffl branches nol visited by us- or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of directors, remuneration specified by law are nol made,. or
we have not received all the information and explanations we require for our audit.. or
the trustees were not entitled to prepare the financial statements in accordance with the small companies,
regime and take advantage of the small companies. exemptions in preparing the directors, reporl.
Responslbllilies of the trustees
As explained more fully in the Trustees. Responsibilities Slatement sel out on page 5. the trustees {who are also
the directors of St Bede's Childcare Limited for the purposes of company law) are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal control
as the trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatements, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability
lo Continue as a going concern, disclosing, as applicable, matters related to going concern and using Ihe going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative bul to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance aboul whether the linancial statements as a whole are free
from material rnisslatement, whether due to fraud or error, and lo issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on Ihe basis of these financial statements.

Docusign Envelope ID.. D74B5F13QOEA47E4-9331-E601FI)D8998E
ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
INOEPENDENT AUDITOR'S REPORT TO THE PAEMBERS
FOR THE YEAR ENDED 31 AUGUST 2024
Irr￿Ularities, including fraud, are instances of non-compliance wilh laws and regulations. We design procedures
In line wilh our responsibilities, outlined above, to delecl material misslalemenls in respect ol irregularities.
including fraud. The extent to which our procedures are capable of del￿ting irregularili@s. including fraud is
detailed below..
Enquiry of management. those Charged wilh governance around adual a￿1 FK)tenlial liligalion and claims..
Reviewing minules of meetings of those tharged wilh governanc8.
Reviewing financial statement disclosures and lesling to supp(yting documentation to assess e(Mnpliance
th applicatAe laws and regulations..
Review of legal and professK)nal expendilure lo identify any ewdence of ongoing liligalK)n or enquiries
Auditing the risk of management override of controls. including Ihrough testing journal entries and other
adjustmenis for appropriateness. and evaluaung Ihe btjsiness rationale of signtficant ITansaclions outside
the normal course of business.:
Reviewing the systems for recording ￿VenUe and tested a sample of sales throughout the year, lo test
they have been invoiced.
Owing lo the inherent limilalions of an audit, there is a risk Ihat we wll nol detect all irregularities. includino those
leading to a malerial misslalement in the financial slalemenls or non-complian￿ wilh regulat￿)￿. This risk
increases the more thal compliance with a law or regulation is removed from Ihe events and Iransaclions reflected
in the financial stalements, as we will be less likety to becA)me aware of instances of non-compliance. The risk is
also greater regarding irregularities oc¢urrtng ijue lo fraud rather than error. as fraud involves Inlerktional
concealmenl, forgery, collusion. omission ￿ misrepresentation.
A further de5CTiplion of our respon5ibi1it18s is available on the Finanual RerM)rting Counal's website at..
hllps".Ilww.fr¢.org.uklOur-WorklAudiUAudil-and-assurancelSiandards-and-guidancelSlaiidards-and-guidance-
for-audilorslAudil0rs-restJ)nsibilil￿s-fOr-aud1UDes¢ripII0n-of-aU￿1I0rS-[eSponsibilities-fOr-8udl[.aSpx.
This description fomis part of our auditor's report.
Use of our report
This report is made solety lo the thariiable company's members. as a ￿dy. in aCCordar￿e with Chapter 3 of Part
16 of the Companies Acl 2(X)6. Our audit work has been undertaken so that we mvJhl slate lo the charilable
company's members those matters we are required lo slate lo Ihem in an audilor's report and for no other purpose.
To the fullest extent permitted by Law. we do nol accept or assume responsibility to anyone other than the
charitable company and Ihe ¢harilab18 u)Mpan￿S members as a body, for our audit work, for this report. or for
the opinions we have formed.
Nlcola Mason MAICantab) FCA DChA
Senior Stalulory Auditor
Foi and on beh811 of MHA. Stalvlw Audilor
Preston. United Kingdom
May 28, 2025
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales
{registered number OC455542)

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
{INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
2024
Total
Funds
2023
Total
Funds
Unrestricted
funds
Restricted
funds
Note
Income and endowments from:
Donations and legacies
Ch2ritable activities
Investments
2,091
2,621.282
g79
3.013.446
13,781
1,834
3,015,280
13,781
Total income and endowments
3,027,227
1,834
3,029,061
2,624,352
Expenditure on:
Charitable activities
617
2,628,368
1,306
2,629,674
2, 367, 858
Total expenditure
2.628.368
1,306
2,629,674
2,367,858
Net Income l (expendlturel
398,859
528
399,387
256,494
Transfers beiween funds
Net movement in funds
398,859
528
399,387
256,494
Reconciliation of funds
Total funds brought forward
1,911.991
1,911,991
1,655,497
Total funds Carried forward
2,310,850
528
2,311,378
1,911,991
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
-10-

Docusign Envelope ID.. D7485F1 &CDEA-47E4-9331-EfrfI1FODB998E
ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
Total
Funds
2023
Tolal
Funds
UnrestrlctÈd
funds
Restrlcted
funds
Note
Fixed assets
Intangible assels
Tangible assets
13
14
672
1,097.088
672
1.097.088
1.056
897,988
1,097.760
1.097.760
899.044
Current assets
Debtors
Cash al bank and in hand
15
45.517
1.585,181
45.517
1.585,709
52,146
1,338,356
528
1,630.698
528
1.631.226
1,390,502
Credltors: amounts falllng due withln
one year
16
{285.473)
1285,473)
192,872)
Net current assets
1,345,225
528
1,345.753
1,197,630
Total assets less current liabilities
2.442.985
528
2,443,513
2,096,674
Creditors: amounts falling due after
more than one year
17
{132,135)
{132,135)
(184.683J
Net assets
2.310.850
528
2,311,378
1,911,991
Charlty Funds
Reslrieled income funds
Unreslricled funds
528
528
2,311.378
2,310,850
1.911.991
Total charily funds
2.310.850
528
2,311,378
1,911,991
The accounts have been prepared in accordance with the pro￿￿onS applicaNe lo companies subject lo the small
companies. regime.
These financial slalemenls approved and aulhorised for L8sue by the members of the committee on
..May.27,-2025.... and are slgned on their behalf by=
Sarah Bagshaw
Director
The noles on pages 13 10 25 form part of these financi81 st81ements.
Company Registration Number.. 05871101

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Note
Cash flow frorn operating activltles:
Net cash flow fmm operating activitles
22
519,385
318,186
Cash flow from Investlng activlties:
Payments to acquire tangible fixed assets
Interest received
(234,533)
13,781
(13,167)
979
Net cash flow fmm investing activities
(220.752}
(12,188}
Cash flow from financing activities
Repayrnent of long term loans
Interest paid
(45,2531
(6,027)
(42.997}
(6,464)
Net cash flow from financing activities
{51,280)
(49,461)
Net in¢reasel(decrease) in cash and
cash equivalents
247.353
256,537
Cash and cash equivalents at 1 September 2023
1,338,356
1,081,819
Cash and cash equivalents at 31 August 2024
1,585,709
1,338,356
-12-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng policles
General information and basis of preparation
St Bede's Childcare Limited is a charity registered in England and also a company limited by guarantee.
n the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the charity. The address of the registered office is given in the charity information on page 1
of Ihese financial statements. The nature of the charity's operations and principal activities are the
operation of full day care nursery provision for children from 6 weeks to 4 years all year around together
with breakfast, after school and holiday care for 3 to 11 year olds.
The charity Gonslitules a public benefit enlity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their acGounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting
standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011 ,
the Companies Act 2006 and UK Generally AC￿pIed Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. The
financial statements are presented in sterling which is the functional currency of the charity and rounded
to the nearesl pound.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The trustees are required to assesswhetherthe use ofgoing concem is appropriate, ie whether there are
any material uncertainties related to events or conditions thal may cast significant doubt on the ability of
the charitable company to continue as a going concern. The Trustees make this assessment in respect
of a period of at least one year from Ihe date of authorisation of the accounts. Occupancy in all nurseries
is high and there are no indications of this decreasing. We now have more capacity at Little Rainbows 2
and are Gonfident that occupancy will grow in this nursery as local demand for the government funded
hours increases. Enquiry levels are high at all of the nurseries. Demand for OOSC places is Gonsistent
at Morris Green OOSC even though it has never retumed to pre-pandemic levels. Demand is growing at
Tonge Moor OOSC and we have a third OOSC opening in the year ended 2025. The charity's cash-flow
position is strong and the trustees consider that our reserves are sufficient to continue to meet all running
costs.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of Ihe general
objectives of the charity and which have nol been designated for other purposes.
Designated funds Gomprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to Ihe financial statements.
Restricted funds are funds which are lo be used in accordance wilh specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted fund
is set out in the notes to the financial statements.
-13-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (contlnued)
Income recognition
All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is
legally enliiled to the income after any performance conditions have been met, the amount can be
measured reliably and il is probable that the income will be received.
Incorne from government and other grants are recognised at fair value when the charily has entitlement
after any performance conditions have been met. it is probable that the income will be received and the
amount can be measured reliably. If entitlement is not metlhen Ihese amounts are deferred. Grants where
the application of the 9rant is determined by the funder are included as restricted funds. Grants where
there are no conditions set by the funders other than Ihe general objects of the charity are included as
unrestricted funds. Grants are accrued when any conditions on their receipt have been met and are
deferred where conditions on their receipt have not been met.
Investment income is earned through holding assets for investment purposes such as shares and
property. It includes interest. Interest income is recognised using the effective interest method.
Fees income represents amounts re￿1vable for childcare sèrvices within the year.
Expenditure recognition
All expenditure is accounted for on an aGcruals basis and has been classified under headings that
aggregate all cosls related to the category. Expendilure is recognised where there is a legal or
constructive obligation lo make payments lo third parties, it is probable that the settlement will be required
and the amount of the obligation can be measured reliably. It is categorised under the following heading..
Expendilure on charitable activities includes all costs relating to the operating of the nurseries
and clubs.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Intangible assets - website development
Website development costs are capitalised, classified as an asset on the balance sheet and amortised
on a straight line basis over its useful life. The period chosen for amortising website development is 5
years. Provision is made for any impairment.
Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated deprecialion and accumulated
impairment losses. Cosl indudes costs directly attributable to making the asset capable of operating as
intended.
Depreciation is provided on all tangible fixed assets. at rales calculated to write off the cost. less estimated
residual value, of each asset on a systematic basis over its expectèd useful life as follows..
Freehold property
Leasehold property
Fixtures and fittings
2%- 10.kn per annum straight line
20h _ 10°k per annum straight line
10°k _ 200/0 per annum straight line
Debtors and creditors receivablelpayable wlthin one year
Debtors and creditors with no slated interest rate and receivable or payable within one year are recorded
at transaction price. Any losses arising from impairment are recognised in expenditure.
-14-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction cosls.
Subsequently, they are measured at amortised cost using Ihe effective interest rate method, less
impairmenL If an arrangement consij'tutes a finance transaction it is measured at present value.
Leases
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis
over the period of the lease.
Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for
that service.
The charity operates a defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable.
Tax
The chanty is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered lo pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets
the definilion of a charitable company for UK corporation tax purposes.
Judgements and key sources of estlmation uncertainty
There have been no significant judgements made in the process of preparing the financial statements.
There have been no key assumptions concerning the future and other key sources of estimation
uncertainty at the reF)Orting date that have a significant risk ofcausing a material adjustment to the carrying
amounts of assets and liabilities within the nexl financial year.
Donations and legacies
Unrestricted
Funds
Restricted
funds
2024
Total
Funds
2023
Total
Funds
Donations
2,091
2,091
-15-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charitable activities
Unrestricted
Funds
Restricted
funds
2024
Total
Funds
2023
Total
Funds
Grant
Fees
other income
587
2,978,493
34,366
587
2,978,493
36,200
2,606,461
14,821
1,834
3,013,446
1,834
3,015,280
2, 621,282
Income from investments
Unrestricted
Funds
Restricted
funds
2024
Total
Funds
2023
Total
Funds
Bank interest receivable
13,781
13,781
979
All other income in the year ended 31 August 2024 was unrestricted.
-1

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted
funds
2024
Total
Funds
2023
Total
Funds
Wages and salaries
Food
Heat and light
Rent and rates
Repairs and mainlenance
Cleaning and caretaking
Insurance
Telephone
Equipment and activities
Legal and professional
Depreciation
Senior management recharge
Administration
Bank interest (note 11)
Olher expenses
Amorlisation
Bad debt written off
Governance costs (note 7)
1.882.953
143,841
61,073
113,723
39,820
30,535
20,513
7,258
83.140
26,863
35,433
149,039
3,263
23.217
1,882,953
144,000
61,073
113.723
39,820
30.535
20,513
7,258
84,017
26,863
35,433
149,039
3,533
23,217
1,663,017
136,691
81,118
113,413
33,912
32,955
16,524
9,212
55,605
10,887
31,466
143,200
488
20,733
10,912
384
2,150
5,191
159
877
270
384
(2,338)
9,650
384
{2,3381
9,650
2.628,368
1,306
2.629,674
2.367,858
In 2023 there were no cosls relating lo restricted funds.
-17-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure on charltable activities by activity type
Direct
charitable
costs
Support
Costs
2024
Total
Funds
Wages and salaries
Food
Heat and light
Rent and rates
Repairs and rnainlenance
Cleaning and caretaking
Insurance
Telephone
Equipment and activities
Legal and professional
Depreciation
Senior managemenl recharge
Administration
Bank interest (note 11)
other expenses
Amortisalion
Bad debt written off
Governance costs (note 7}
1,882,953
144,000
61,073
113.723
39,820
1,882.953
144,000
61,073
113,723
39,409
30,946
20,513
7,258
84,017
26,863
35,433
152,206
3,533
23,217
30,535
20,513
7,258
84,017
26,863
35,433
149,039
3,533
23,217
384
384
{2,3381
9,650
(2,338)
9.650
2,323,248
3￿,426
2,629,674
Direct
charitable
costs
Support
Costs
2023
Total
Funds
Wages and salaries
Food
Heat and light
Rent and rates
Repairs and maintenan
Cleaning and caretaking
Insurance
Telephon8
Equipment and activitl8S
Legal and professional
Depreciation
Senior management recharge
Administration
Bank interest (note 11)
other expenses
Amortisation
Bad debt written off
Governance costs (note 7)
1,663,017
136,691
81,118
113,413
33.912
1,663,017
t36,691
81,178
113.413
33,972
32,955
16,524
9,272
55, 605
10,887
31.466
143,200
488
20. 733
10,912
384
2, 150
5,191
32.955
16,524
9,212
55, 605
10,887
31.466
143,200
488
20, 733
10,912
384
2,150
5,191
2,085.906
281,952
2,367,858
-18-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Governance costs
Unrestricted
Funds
Restricted
funds
2024
Total
Funds
2023
Total
Funds
Audit and Accountancy fees
9,650
9,650
5.191
Auditor's remuneration
The auditor's remuneration amounts to an audit fee of £9,650 (2023.. £5,191) including VAT.
Trustees, and key management personnel remuneration and expenses
The total amount of employee benefits received by key management personnel is £188,581 12023..
£175,702). The charity considers its key management personnel comprise the senior management staff,
whose employee benefits are recharged by The Quill C of E trust, and the Childcare DireGtor, whose
employee benefits are included on the charity's own payroll.
Three trustees received remuneration (including employee benefits recharged by The Quill C of E Trust)
of £98,408 during Ihe year {2023'. three trustees £89,674).
The trustees had expenses reimbursed during the year of £1,503 (2023.. £1,042).
10
Staff costs and employee benefits
The average mnthly number of employees during the year was as follows".
2024
2023
No
Management
Nursery and after school club workers
10
84
89
104
94
The total staff costs and employees benefits were as follows:
2024
2023
Wages and salaries
Social security
Defined contribution pension costs
1,750,777
100,021
32,155
1,556,551
79,196
27,270
1,882.953
1,663,017
Wages and salaries includes £54,25412023: £72.768) ofstaff charges atcost from The Quill C of E Trust.
No employees received lotal employee benefits (excluding employer pension c05tsl of more than £60,000
(2023.. Nil).
-19-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11
Interest payable and similar expenses
2024
2023
Bank loans and overdrafts
23,217
20.733
23,217
20, 733
12
Net Incomlng Resources
Net incoming resources is staled after charging
2024
2023
Depreciation
Amortisation
Auditors, remuneralion (net ofVAT)
35,433
31,466
384
5,191
9,650
13
Intanglble assets
Goodwill
Webslte
Total
Cost
Al I September 2023
Additions
270,000
1.920
2T1,920
Al 31 August 2024
270,000
1,920
271,920
Amortisatlon
date
to
At I Seplember 2023
Charge in the period
270.000
864
384
270,864
384
At 31 August 2024
270,000
1,248
271,248
Net book valuè
At 31 August 2024
672
672
At 31 August 2023
1,056
1,056
-21>

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14
Tangible fixed assets
Land and
buildings
Fixtures &
fittings
Total
Cost
At I September 2023
Additions
Disposals
1,033,203
209,663
47,275
24,870
1,080,478
234.533
At 31 August 2024
1,242,866
72.145
1,315,011
Depreciation
Al I September 2023
Charge in the period
Eliminated on disposals
162,137
27,967
20,353
7.466
182,490
35,433
At 31 August 2024
190,104
27,819
217.923
Net book value
At 31 August 2024
1.052.762
44,326
1,097,088
At 31 August 2023
871.066
26.922
897,988
The net book value of land and buildings comprised..
2024
2023
Land and buildings-
Freehold
Leasehold
Leasehold Improvements
261.069
765,602
26,091
213,514
657,552
1,052,762
871.066
1S
Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
10,726
34,326
465
11,097
24,317
16,732
45,517
52,146
-21-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16
Creditors Amounts falling due within one year
2024
2023
Bank loan
Trade creditors
Accruals and deferred income
Other creditors
56,924
111,872
87,435
29,242
32,439
38,712
66,253
55,468
285,473
192,872
17
Creditors . Amounts falling due after more than one year
2024
2023
Bank loan
132,135
184,683
The bank loan is secured by a first legal Gharge over the assets of Baby Bede Private Day Nursery, Little
Owls Private Day Nursery and Little Rainbows 2 Private Day Nursery.
The amount repayable after more than five years is £nil.
18
Deferred income
2024
2023
Balance brought forward at 1 September 2023
Amounts deferred in Ihe year
Amounts released to income
9,313
32.972
{9,313)
12,130
9,313
{12,130}
32,972
9,313
Deferred income comprises fee income received in advance.
19
Movements in funds
Current year
At1
September
2023
At31
August
2024
Incoming
resources
Outgoing
resources
Transfers
Unrestricted fund
Designated fund
Restricted fund
1,747,813
164.178
3.027,227
(2,627,395)
19731
(1,306)
(39,630)
39.630
2,108,015
202,835
528
1.834
1,911,991
3.029,(￿1
(2,629,674)
2,311,378
-22-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20
Movements in funds (continued)
Designated funds
The directors have designated an amount equal to the lower of 2.5 % of Ihe audited nel balance of the
balance sheet at 31 August and the reconciled bank balance to be transferred to a hardship fund for the
benefit of the public.
In addition. places are held open al each venue to be used at the discretion of the Directors to aid in
safeguarding andlor where particular areas of hardship are identified within families accessing our
childcare.
Prioryear
Atl
September
2022
At31
August
2023
Incoming
resources
Outgoing
resources
Transfers
Unrestricted fund
Designated fund
Restricted fund
1,524,172
131.325
2,624,352 (2,367.252)
(606}
{33,459}
33,459
1,747,813
164,178
1,655,497
2,624,352
{2,367,858)
1,911,991
21
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows..
2024
Land and
Buildings
2023
Landand
Buildings
Operating leases which expire
Within 1 year
Within 2 10 5 years
More than 5 years
58.326
199,777
210.000
58,038
120,000
240,000
468,103
418,038
-23-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
22
Reconciliation of net incomel(expenditure) to net cash flow from operatlng actlvities
2024
2023
Net incomel(expenditure) for the period
399,387
256,494
Interest receivable
Interest payable
Amortisalion of intangible fixed assets
Depreciation and impairment of tangible fixed assets
{Profit)ILoss on disposal of tangible fixed assels
Decreasel(increasel in debtors
Decrease in creditors
(13,781}
23,217
35,433
384
(979)
20, 733
384
31,466
1,980
19.826
(11,718)
6,629
68,116
Net cash flow from operating activities
519,385
318,186
23
Analysis of net debt
Other non-
cash
changes
I September
2023
31 August
2024
Cash flow
Net cash..
Cash at bank and in hand
1.338.356
247,353
1,585,709
Debt..
Bank loans
(217.122)
45,253
(17,190)
1189,059)
Net debt
1.121.234
292,606
{17,1901
1,396,650
24
Related party transactions
The directors consider that there is no overall controlling party.
The Quill C of E Trust is considered to be a related paty as the directors of the charity are also part of
the management team of the school.
Included within the accounts is a balance of £25,899 (2023.. £21,750) due to The Quill C of E Trust, and
a balance of £1,225 due from Tonge Moore Academy (2023: £nil).
Management recharges of £152,206 {2023'. £143,200) have been charged from The Quill C of E Trusl
during the period.
Three trustees received remuneration (including employee benefits recharged by The Quill C of E Trust)
of £98,408 during the year {2023.' three trustees £89,674).
St Bede Teaching School Limited is also considered lo be a related party as there are common directors
of the companies.
During the year, St Bede Teaching Schwl Limited made donations totalling £nil 12023.. £2,091) to St
Bede's Childcare Limited.
-24-

ST BEDE'S CHILDCARE LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
25
Company limited by guarantee
The charity is a company limited by guarantee. In the event of the charity being wound up or dissolved,
each member undertakes to conlribute such amount as is required, not exceeding £1, for payment of any
debts or liabilities.
-2&