Docushjn En¥ekn ID.. 83BA32F9-E2Dm3B&8lFB62ASO7A42 Company Registratlon Numbor- 05871101 Charlty Number.. 1137866 ST BEDE'S CHILDCARE LIMITED A Company Llmlted by Guarantee Trustees, Report and Flnancial Staternents For The Year Ended 31 August 2025 An iDd&penJeDt rntrnber of mha I bakertilly INTERNATIONAL
Docugn Envek)pe ID.. 838A32Fg-E2D643B6-8194-FB6WB07A42 ST BEDE'S CHILDCARE LIMITED A COMPANY LIMITED BY GUARANTEE CONTENTS Members of the Board and Professional Adwsers Tfustegs. Annual Raport Independent Audilols Report Slalement ol Financial Acttvlties (incorporating Income and Expendlture Account) 10 Balance Sheet 11 Sialemenl ol Cash Fbws 12 Notoy to the Flnancial Slalemgnts 13
Docusb)n Envelopè ID.. B3BA32F92DN3B8l9FB83A5fj7A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Reglstered charfty namg Sl Bede'8 Childcare Limited Charlty reglstration numb•r 1137866 Company rtgistratlon number 05871101 R&gister6d offlco CIO The Quill C of E TTUSt Morris Green Lane Bolton Lancashire BL3 3LJ Prlnclpal offlc• The Quill C of E Tw$t Morrfs Gre8n Lan8 Bolton Lancashire BL3 3LJ Trusto9$ June Roborts Sarah Bagshaw Emm8 Balmer Anna Black Mlch801 Caine mbeiley Dearden Karf Denton Emma Pendlebury Audltor MHA Richard Housè Winckley Square Preston PR13HP
Docusign Envelope ID.. 83BA32F9-E2D6-83BU1FB62ASBO7A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The trustees submit Ihelr annual report and the financial statements of St 8&d8's Chlldcaro Limited Ilhe charity) for Ihts year entjed 31 August 2025. The trustees have adoplad the provisions ol the Slalemenl of Recommended Pracllce ISORPI"Accounting and Reporting by Charities" IFRS 1021 in pr8paring the annual report and financial slalemenls of the charity. The financi81 slatemanls have been prepared in accordance with Ihe accounting pol195 sel out in notes l(> th& accounts and comply with the Charity's governing document. the Charities Act 2D11 and Accounting and Reporting by Charities.. Slalomer.l ol Rtrcom.m&nded Practice applicable lo charities preparing their accounts in accordance wlth tho Flnancial Repordng Standard applicable In the UK and Republlc of Ireland published in October 2019, Relèrènce and admlnlstratlvg d&talls Reference and admin151raliv6 details are shown in tha schedulè of memkrs of the board and professional advis8rs on page 1 of the linancial slalements. The Iruslees The dèreclors of the chaiitablè company ar8 Ils trustees for the purposes of chartty law. The trusl88s who have served during the year and sinco tho year end were as foliows.. J Roberts S Bagshaw M A Cain8 K 08arden E Balmer K Denton E Pendlebury A Black structur81 gov•rnanco and management Govgrnlng documont The ¢h8rily is govemed by Its memttandum and ortides ol 8ss¢xiabon dated 10 Juty 2006. Trust9 The number of DIrectS shall be nol less than on¢. There is no maximum number of Dir8Glors. Dlr8clors are appointgd by th8 Board as and when requlred. The Iruslees of the Charity rgceivg exlonsivg Irainlng via their individual professional organisations. They 8ngage in ongoing continuous professlonal devebpmenl through the Headship 8chemeg, ICAEW, ACCA, CIPO and Ofsled-approved training providgrs. Pay and remuneration lor the Childcare Diredor 11 be reviewed annualty by Sarah Bagshaw ICEO), Emm8 Pendlebufy, and the Flnance Dlreclor and will be linked lo performance targets. Three of the Iruslees are directors of The Quill C of E Trust. The operation of the Charity is rnangged wth assistance frorn staff at the school and services and costs are recharged by the Academy. Rlsk management The Injsloes have review9d the risks to vthich the tharrty Is subject and developed syslgms ID mitigatè thesè rlsks. Oblectlves and a¢tlvlties The objects of the charity aro lo provide better educational and childcare resources lo enable all members of the community lo play a luIr role In the10¢81 community and society at large. Tha charity provides nursery care and after schrM)I clubs.
Docuslgn Envelop& ID.. 83BA32FgE2D6438M194-FB62&O7A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 The nursery provision aims lo offer parents an extension to their homa, whera ¢hildr6n will be lovad, car8d for and educated lo the highgst stsndard. allowing parents to retum lo WO knowing Ihair child's needs, Ilk8s and enloym8nt arè fully catered for. The trustèès have taken Into conshletation the Chartty Commiswon guldanc8 on publlc bonafit. Strat•gS¢ Rèport Achievements and perfomiancg During the year ended 31 August 2025. Sl Bede's Childcare Limited continued to build on the success of last year's r8lurblshm8nl projects. maintaining our commitment lo providing high-quality environments for childr8n and staff across our nurseries. A kgy achlevemenl w8s the prograssion of the refurbishment at Baby Beda, our flagship nursory Sn 8olttsn which has now been open for over 20 years. Following last ygarfs transforrnation of the baby and pr8-school rooms, this year the directors invested in upgrading Ihè toddler rooms. The58 improvemènts have crèatèd an oven moro slimulallng and nurturing environment, supporting the ltsaming and development joumay of evgry child wllhln Ihg Baby Bede famity. In 8ddil.on to enhanciThJ the nursery lor the children. Ihe directors have also Invested In Improvements lo the staff room. provldlng a comfortabla and relaxlng spac8 for toam members to &nltsy thglr breaks, rainlorcing our commitment lo a posltivè working environmonl. The ¢harily also Inveslad In relurbi5hmenl works at Little Rainbow8, focusging on thé purchasa of r¢$ource$ and lurnlture lo enrlch children's leaming experfonces. We wore also delSghled lo ¢elebrale a slgnificanl mlloslone for Little Rainbows 2, whlch marked Ycs 10-y8ar annlv8rsary In October 2024. This achiavemenl reflects the dedkalion and hard work of our staff and the trust placed In us by familigs over the pa81 dècad8. In Novembèr 2024, we hosted our annual S13ff Awards Night. celebrating the dedlcatlon and accomplishments of our team. Thi8 much4ovod event highlights our or¥Joing commitm6nl to recognlsing and ralaining lalenl&d staff. The dlrecl(Ys aro pleased to report that th8 Gharity's perfomianc• continues lo remaln strong financially. Flrtanclal rgvlow The detailed results f¢y the charity are included in the Slalemenl of Financial Acuvities. Nel incoming resources for the year were £674,81412024.. £399,387). Income from chadtobl6 activllles increased by £905,850 from year endod 2024.1£3.921 k v £3.015kl.
Docusign ErNe>tl0.. 8332Fg.E203Bl94-F86?AsB07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 Ras8rv•s The Iruslees con$lder that 8 re88onable level of free reserves Is 1 Month's running costs. This would b8 approxirnalely £271,681. Free reserves ar8 curr8ntty £1.S48.415. Any Iree rgserves that ara not n&&d for Increased running costs will be used to fund futuro capital works and expanslon. Extra reserves are bolng held so that the charlty has a strong safety net. Plans for Future PerlodB This year the Charity opened a third Out of School Club 81 Washacre Academy when this school joined The Quill C of E Trust. with whicb. wo ara affiliated. Wè are now working closely with the Trust staff lo promote growth al Ihls Club as well as al our other iwo OOSC as this wovision is an integral part of schixl life and vital lor working parents. W8 are also explorlng the viabilty of a Forest Nursery at the Washacr8 site. Thè k)ng-lerm goal for St Bgdè's Childcar8 Limiled is growlh. and the dlreclors monllor the local markets foi 8cqulsltlon8 whS1è working to maintain healthy Lwpancy 1gV81s at OUT existing nurserfès. We have seen Increased ad hoc bookings in our second Community Room al our Leigh sile and hope to s8cure * pemianenl lenanl for this room. Prlnclpal Rl$k8 and Unc¢rtalntl•s Th8 maln risks to Charity a.. R6putatlonal Rlsk and R8gul81ions Sl B8de's Childcare Limlled slrives lo provlde the highest quality chlldcare at our nurs8ries and OOSC. We havo a long.standing management team who all share this vislon. The Childcar& Dir8ctor ènsures that all stslulory training Is up-l(Fd8le and th.ai extra support is provided when needed. Slané8rds within all of our settings are r8viewed at board 18vel and we maSnlain clos8 working r81ationships wilh tha Local Authoriti88 that we operate undor. Inctsases in Staff Costs The economic backdrop foi the childcare sector conlinues to bg challenging. We have seen high levels of wage Inflation in recent years and axpect this lo continue. Increases m Employer'$ Nalionol Insurance Contrlbullc*ll8 havg also Impacted the Charity thig year. staff Rgcrullmenl and Retention Fiecruitrnenl w(thln the childcare soctor ha8 beTh)me mor8 dlfficult in racont y8ars and the director8 consistently review our pay rates and staff benefts lo ensurè that we remain compgtilive. A significant proportion of our staff tèams 8r8 long-standing em 0yea8 who have progresse(J wilhin the Company. Tho R&muneralion & Well-being Committ&e distribute regular stsff survoys and address any issues that are raised.
Dotuslgn Enveknpe ID., 838A32F9E2D6-83B&8194-FB62A5807A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Factors Ilkgly to affect future flnancial perfornian¢e or posltlon Govemmgnt Funding Rates & Legislation Following the govemmenl's roll-oul of offering fvnded child¢are places to eligible children from 9 months ol ag&, it is assanlial that thè hourty rates paid to providers aro adequat8 lo ensure th81 high quality carB is providad. Thg CEO ol Sl Bodtr's Childcar8 Limited sils on the School Forum in Bollon and is Chair of the Early Years Sub- Committee. Sh8 is also a member ol the NAHT. The dir8ctOTS engago wilh our local MP, highlighting chall8ng68 th81 the Ghildcare sector is facing. Loc&1 ComlItI0n All of our nurseries are long-stsnding and wellryestablishgd within their local comm¢JnSlles, th excellent rgpulallons. Th8 majority of enqulrfes for pkces come vla Wordf-m0uth and wa also have a strong soGio1 mgdia prgsencfj. We work closely with the Local Authorities and receive regular relerr81s from th8m. Golng Con¢orn Occupancy in all sellings remain8 strong. This year we increased the cUpancY al LItU& R8inbows 2 in Leigh from 56 pleces ID 87 places In response to bcal demand and occupancy is robust al ihls Incr8as8d level. Al of our nurseries receive conslslenl enquirtes wi(h many larnilles booking a placa savgr81 months in advance. Our OOSC ar& busy and popular wllh parenls as Ihey provtdè vital wraparound care which worklng famlllas naad. The Charlly's cash-flow is h8allhy and welkmanag8d. and the INslee$ consider Ihal our reserve levels arg 5ufficSenl lo conlinufi lo meel all running costs. Fundralslng standards Infomiatlon The chartty does not currenlty ralse lund$ from the publlc. Re$pon$lblllllèJ of thg trustees Tho Iruslees Iwho are also directors of Sl Bede's Childcare Limf(ed ft)T the purposes ol company lawl are responsible for preparing the Tru8t8es' Annual Reporl and tha financial slalgments in accordance with applicable law and Unlted Kingdom Accounting Stsndards (United Kingdom General Accepted Accounting Pracllcgl. Company law requlres tha trusla8s lo prepare financlal slalemenls for èach financlal year, whlch glve a true and falr vlew of the stale of affairs of tho chanlable company and of th9 Incoming rgsources and appllcalion of resources, Including the income and expenditure. of the charitable company foi that pèrlod.
Docus En¥8p2 ID,. 62BA32F9Zw3BIFBs2AsBo7A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT {CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 In preparing thèse fin8n¢i81 slalements, the trustees are required to.. select sultsble accoijntlng policies and then apply them COnslent1Y', observe the methods and principles in the CharTiies SORP 2019 {FRS1021', make judgements and esumales Ihal are reasonable and pwdenl; slal8 whether applicable UK Accounting Standards have been folbwed, subject lo any malarlal departurgs dlscSosed and explained in the financial slalemenls.. prepare the financial statements on the going concem basis Lnl8ss it is inappropriate to presume that th& charitable company will continue in operation. The Irusl&8s are rèsponsible for keeping adequate ac¢xJunlir¥J records that disclos& ¥th r8ason8ble accuracy al any lime the financial position of the charitable cornpany and onable them lo ensuro that tho financia1 glal8menlg comply with the Companias Act 2006. Th8y are also responsible for saleguard ng the assets of the charitahlé company and hence for taking T6asonabl6 steps for the prevenllon and delactlon of fraud and other Irregularilias. In so far as the Iruslees ar8 aware.. there Is no ielgvant audrt information of which the charitabl8 company's auditor Is unaware. and the Irustoes have taken 811 steps that they ought lo have tsk8n lo make Ih8mselve8 aware of any rèlevant audit Information and lo establish that thè audrtor is awar& of that infcm)allon. Audltor The auditor. MHA ar8 deom8d lo be re4ppoinled under section 48712) 01 thè Companies Act 2006. Small company provlslons Thls report has been prepared in accordance with the stement of Recommonded Practe "Accounting and Reporting by Charities" and in ac¢x*rdance with the speci81 provisions for small compani8s undar Part 15 ot th Companles Act 2006. Slgn6d by order of the Iruslees Sarah Bagshaw Trustee Registered office.. The Quill C of E Trust Morrls Green Lane Bolton Lancashire BL3 3LJ
DocU8n Envelope ID.. 83BA32F9-E2DH38M1WF862L5B07A42 ST 8EDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORTTO ThE MEMBERS FOR THEYEAR ENDED 31 AUGUST 2025 Oplnion We have audited the financial statements of Sl Bede's Ch-;Idcar8 Limited lth@ 'charilable company'l for the year ended 31 August 2025 whlch cornprise the Slalgm8nl of Financial Actsvitigs. th8 Balance Sheet, thè Cash Flow Slalemenl and notes to th8 financlal slatamenls, including significant accounting pollcias. Th8 financial r8porling framework that has boen applied in their prep8rab.on 1$ applicable law and Unlled Kingdom Accounting Standards Iuniled Klngdom Generally Accepltrd Accounting Pracllco, ineluding Flnan¢ial Reportlng Standard 102 Thg Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IUnf(ed Klngdom G8n8rally A¢cepl8d Accounlins Praclicel. In our oplnion the financial slalemenb-. glve a true and fair view ol the slal8 of the charitable company's affairs as al 31 Augus12025, and of ils in¢orning resources and application of resources, induding its income 8nd 8xpendiluro. lor the year then ended., have been properly pmpare(I In accordance wlth Uniled Kingdom Geneially Aceepled Accounting Pra¢llce', 8nd have been prepargd in accordance wth Ihe requirements of the Cornpanles Act 2006. Basls for opinlon Wg ¢onducl8d our audit In aGGordance with InlèrnatiCaI Standards on Auditing IUKI IISAS IUKII and applicable law. Our respongibilitios under those standards are further described In the Audilor responslbllllies for tha audit ol the financial sta18ments sects'on of our report. We are indapend&nt of the chariiable company In a¢cordanca with tha ethical raquir8ments that are relevant lo our audit of the financi81 slalements in the UK, including th8 FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilitles In accordanca wllh these requlrem8n15. We b8llev8 that the audil ovidgnc8 we have obtained Is sufficient 8nd appropriat8 lo provlde basis for our oplnion. Concluslonj rglatlng lo golng c¢n¢tm In auditing the financial slalemenls, we have condud8d Ihal the trustees, use of th8 golng conc8m ba858 of accounting in the preparation of th8 financial slalements is appropriale. Based on the work we have perfomied, wè have not idenlffied any rnaterial uncertalnlies relallng lo ev9nls or conditions that, lndlvidu811y or colleclivoly. may cast significanl doubl on the charilabla company's ability 1¢ ¢onlinue 88 a golng coneèm for a peri(KJ of al least fv49fv8 months from whon tho flnanclal 8talamenls are aulhodsed for issue. Our responslbllllles and th8 responslb11it of the tru$to0s with respect lo golng concem are d&gcrfbed in tha rglgvanl sections of this report. Other Infonnallon The other Informatlon Comprises the Infom)ation Induded in the trustees annual report, other than the flnancial statements and our auditor's report thereon, The trustees are responsiblg for the other information contained ¥thIn the annual report. Our opinion on lh8 finanaal sialemenls does not cover the Dther information and, except to the oxlenl otherwise explicitly slated in our report, we do nol express any lomi of a55urance concluslon Ihereon. Our responsibilrty is to re8d the olhef infomiation and, in d01r so, nSIderwhelher the other information 19 materially inconsislenl with the finan¢HI slalem&nts or our knowl8dge obtained in the cours¢ of the audit or olherwige appoar5 to be malerially missiaied. 11 we identify such material inconsisl6n¢ies or apparent material mlsst8temenls, we are required lo determine whether this gives rise to a malerial missl8lemenl in the financial statements themsefv$s. If, based on thè work we have performed. w8 concluda that there is a material mlsstalem8nl of this other information, we are required to rgport that fact. We have nothlng lo report In this 8rd.
Docusign Envebpe ID.. B3BA32FE2D643B8-8194-FB62A5807A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 AUGUST 2025 Oplnlons on other mattèrs prèscrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the informalior> given in the trustees, report IiricofporatiThJ the direclor8' report) for the financial year for which the financial slat8m8nts arg prepared is consistent Mth the financial statements., and the directors, report has been prepared in acc(Ydance with 8pplicAble legal r8quir8ments. In the Ilghl of the knowledgg and understanding of the charitable eompany and ils environmènt obtained in the course DI th& auéil, we have not identified material misslalements in tha strdlegic report and th8 Irusletrs reptsrl, Mallèrs on whSch we arè requlrèd to report by exceptlon We have nothing lo report in respect of the following matter5 In rglation to whith the Companles Act 2006 require us lo report io you il, in our opinion: adoquale accounting records have nol been kept, or relums adequate lor our audlt have not been received from branches not visited by us., or the finan¢'.al stalemgnts aT8 not in agreement with the aGcounting records and returns., or certaSn dSsclosur8s of direclors, remuneration specified by law are not made.. or we have p.01 received all the 1nlormab.on and explanations we requlre for our audll.; or Ihg Iruslags were not enlllled lo prepare the financial stal8m&nts In accordance with the sm811 companle8' reglme and lake advantage 01 the small companies. exernplions in preparing the diractors, report. Responslbllllles of the tru$tèe• As axplain8d more lully in tha Truslao3' Responsibilities Stalern8nl sel out on page 5, th8 Iruslees (who are a160 the diioclors ol Sl Bede's Childcare Limiled for the purposes of Gompany lawl are responsible for the preparation of the financial slalemenls and for being satisfied Ihal they give a true and falr vlgw, and for such internal conlrgl as th6 Iruslees d6lermine is necessary lo onable the preparation offinancial statements Ihal 8rg free from malerlal mls8talgrnenls. wh8lhar due lo fraud or error. In preparing the financial slalemenls, the trusteas arè r8srM)nsible for assèssing the charitable ¢ornpany's abillly lo continue ag a going concern, discbsing. as applicab, matt8rs fOla18d lo going concarn and using Ihg going concern basis ol accounting unl855 the Iruslegs 9Slh8r Intend lo Ilquldale the charltable comp8ny Dr lo cease operallons, or have no reallsbc allemalwa bul to do $0. Audltor rosponslbllltlos for the audlt of the flnanclal statements Our ubjecllvtss are lo obtain reasonable assuran about whether th8 financial statsments as a whole are frge from material misstalemenl, whether due to fraud or grror, and to issug an auditor's report that includes our opinion. Reasonable assurance 18 a high level ol assurance. bul is not a guarantee that an audil conduc19d in aecordance with ISAS IUKI wll always dele¢l a malerfal misslalemenl when il exlsls. Misstslemenls can arise from Iraud or error and are ¢onsidered makerial if, indiwdually or in the aggregate, they could rèasonably be expected lo influence the economic dausions of users taken on the basis of these financial statements.
Docu51gn Envelore ID.. 938A32F9-E2DM3BM194-FW2BO7A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 AUGUST 2025 Irregularities, including fraud, aro instances of nowompliance wth laws and regulations. We dosign pro¢odure8 in line with our responsibilities. outlined abovg, lo d&le¢t material misstalemenls In respect of irrègularllles, including fraud. Th& 8xlanl lo whlch OLK procedures are capable of detecting Irregularitles. InGludlng fraud Is dtslailed b61ow.' Enqulry of management. those charged th govamance around actual and potential litigats'on and ¢lalm8', Reviewing minu16s of meelings of Ihosa charged bwlh govarnance. Rèviewing financial statemenl disclosures and tesling lo supporting documanlalion lo assess compllanc8 wllh applicable laws and regulalions., Rtrview of legal and professional expenditur8 to identify any evidence of ongoing Iltigalion or anquiries Auditing thè r15k of management override ol controls, including through lestinu journal enlri8s and olhar adjustmen15 for appropriateness, and evaluating the business rationale of slgnificanl Iransadons oulsld8 the normal cours8 of business,; Reviewlng the systems for recording revenue and lesled a sample of Sales throughout the yéar, lo tosl Ih¢y have boon invoiced., Owlng lo the inherent limitations of an audit, Iharg is o risk that w& will not delecl all IrregularS1i8s, Including those leading lo a material mlsstatement in the financial slalemenls or non<ompllanc8 with regulation. This risk Incrgases the more that complianc8 With a law or regulation is removed from the evgn(s and Ironsaclions rgflecled n the flnancial slalem&nls, as we wlll be s5 lik8ly to bgcome awar9 Of insloncos of non-compliar.ce. The risk Is 81s0 gr&aler ragarding irregularities occurring due to fraud rather than error, as fraud Invo86 inlentlonal conGealmenl, forgory, cdlusion, omisslon or misrepresentation. A further description ol our responsibilities Ss avallable on the Flnanclal Reporting Councll'8 W8b9118 al.. hllps..Ilwww.frc.org.uklOur-WorklAudiVAudil-and-assurancelStandard8-andUYJaneelS1andard8-8ndU1dsnCe- for.audilors/Audilors-responsibililles-lor-audiVDescnplionryofv8udilors-responsibilities-forUdlt.aSpx. This descripllon forms part ol our auditor's report. Use ofour report This report is mado solely to th8 chdrilabltr companYs members, as a t%)dy, in accord8nco th Chapter 3 of Part 16 of the Companies Act 2006. Our oudit work has bg8n undertaken so that we might slate lo thè chadlabla company's members those matters we are requlred lo slate to them in an auditor's report and for no other purp08e. To the fullost exlenl permltted by Lgw. we do not accept or assume respon5ibilily lo anyon8 othgr than tho charltsbl8 Company and the charitable company's membgrs as a body. for our 8udll work. for Ihls i&port, or lor the opinlons wa have formgd. Nl¢ola Mason MAICantabl FCA DChA Senior Slalutory Auditor For and on behalf ol MHA. Slalulory Auditor Preston, United Kingdom May 26, 2026 MHA Is tho trading name ol MHA Audll Semces LLP. a limited Ilabilty partn8rship in England and Wales Iregislered number OC4555421
Dr819n Erw8lop8 ID.. 83BA32F2D6-53BmI94-F862AsB07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE AccouKn FOR THE YEAR ENDED 31 AUGUST 2025 2025 Total Funds 2024 Total Funds UnfestrEcted funds Restrlcted funds Noto Income and èndowments from: Charilabls acliviliès lnveslmep.ts 3.881.930 13.867 39,200 3,921,130 13,867 3.015,280 13, 781 Total Incomé and tndowrnènts 3.895,797 39,200 3,934,997 3,029,061 Expanditur• on: Charllable aclSvilies 3.228.125 32,058 3,260.183 2,629,674 Total ?xp•ndltur¢ 3,228,125 32.058 3,260,183 2,629,674 N•t Sncom• l {•xpondltur•) 667,672 7.142 674,814 399,387 Transfars bebNoen fund8 Nét movèm•nt In funds 667.672 7,142 874,814 399,387 Roconclllatlon of funds Total funds brought forward 18 2.310.850 S28 2,311,378 1,911,991 Total funds rrI fonvard 18 2.978.522 7.670 2,986,192 2,311,378 All income and expendllure derivo from conunuing acuye8. The slalemenl ol financial activities includes all gains and losse5 recognised during the year. -10.
DocuspJn Envebre In.. 838A32F9.E2DM3B64194-FB62A5B07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT 31 AUGUST 2025 2025 Total Funds 2024 Total Funds Unrèstrlctèd fund5 R•strleted fLEnds Note Flxad assets Intangible assets Tangible assets 12 13 288 1,178,410 672 1,097,088 1,178,410 1,178,698 1,178,698 1.097.760 Curr•nl ass•ts Debtors Cash at bank and in hand 14 58.321 2.130,194 7,670 65,991 2,130,194 45,517 1,585,709 2,188.515 7,670 2,1,185 1,631,226 Cr6dltors: amounts falllng du• wlthln one year {274.242} 1274,242} 1285,4731 Nat currènt assets 1,914,273 7.670 1,921,943 1,345,753 Total asBets18B$ current Ilabllltles 3,092,971 7,670 3,100,641 2,443,513 Credltors.. amounts falllng du• aft•r more than one year 16 114,449 1114,4491 f132. 735 Nèt atssoti 2,978,522 7.670 2,986,192 2,311,378 CharSty Fund8 Roslriclcd income funds Unrestricted fund8 18 18 7,870 7,670 2,978,522 528 2,310,850 2,978.522 Total charlty fund8 2.978.522 7,670 2.986,192 2.311.378 The accounts have been prepared in acwrdance with thg provisions applieAblo lo companles sublecl to thg small companies, r8gim8. Th0, *28tatem8nls wore approvèd and authorised fc( issue by Ihe memb¢rs of the commlttee on and ar8 signed on their behalf by: SarAh Bagshaw Director The notes on pages 13 to 24 form part of these financial statements. Company Registration Number.. Q5871101
Docuslgn Env&kJp& ID.. 63BA32F9-E2D6-836H194-F862A5B07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Note Cash flow from operatlng act5vltie$: Alet ¢ash flow from operatlng acthiltl•s 21 716.020 519.385 Cash flow from Investlng actlvlties: Payrn8llls lo a-quiro tangibla fixed assBts Interest rècelved 1134,932) 13.867 1234,533} 13,781 Nel cash Ilow from Investlng a¢tlvftle$ 121.065} 1220,7521 Cash flow from financlng actlvltles Repayment ol long term loans Inlèresl paid 144,6511 (5,819 145,2531 {6,027 Net cash flow from Ilnanclng J¢tlvltl•$ (50,470) 151,280) Net Incroasolld•¢r•asel In cash and a$h equlvalènt$ 544,485 247,353 Cash and cash equDialents al 1 Sepl8mb8r 2024 1,585.709 1,338,3S6 Ca8h and cash oqulval4nt$ at 31 August 2025 2,130.194 1,585,709 -12-
DocuspJn Envebpe ID.. 838A32F9-E2D6-83BH194-FB62A5B07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢eountlng pollcl•s Ggngral Infomiatlon and basls of prep8ratlon St Bede's Childcare Llmiled is a charity registered in England and aL80 a company limited by guarantee. In the event of the charity b8in9 wound up, thè liabillly in resp8cl of the guaranl&e Is Ilmllèd lo £1 per member of the charity. Tho address of the r89i5tered offic8 is glven In the eharity information on page 1 of Ih8sg financial slalemenls. The naturè of th8 charity's operation5 and principal activities are the op8rallon ol full day car8 nursery provision for chiklren from 6 weoks lo 4 years 811 year around logelhar with br8akfa51, after school and holiday care lor 3 10 11 year olds. Th8 charity conslilules a public benef.,l entity as defined by FRS 102. The financial slalemenls have been prepared accordance with Accounting and Reporting by Chari118s'. Slalem8nl of Recommended Pract'ce applicable to charibes prepartng their accounts In accordance with the Financlal Reporting standard applicable in the UK and Ropublic of Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ir8land IFRS 1021, the Charflies Act 2011, the Companies Act 2¢6 8nd UK Gen8rally Accèpt8d Accounting Practice. The fSnanclal statements arè prepared on a going concom basis undor the hislorlcal cost conv8nlion. The flnancial stslemenls ore presented In slgding which Is the functional currency of the charlly and rounded lo the n9argsI pound. Th8 slgniflcanl oc¢ounling policifrs applied in the preparauon ol thes8 flnandal s181emenls ar8 sèl out below. These polloes have been consis18nily applied to all years presented unl&s8 olh&rwls$ sts18d. Golng conc8m Occupancy in all sellings remains strong. This year we increased the oceupancy al Llllle Rainbows 2 Sn Leigh from 56 places lo 87 places in response lo local demand and oceupaney Is robust 81 this Incrgasgd level. All ol our nurseries reeeive consislenl enquiries with many families booking o place scvoral month8 n advance. Our OOSC are busy and popular with parenis as they provldo vital wr8paround care which worklng families nèed. The Charity's cash-flow Is heallhy and well-managed, and the truslees consider thal our reserve levels ar6 sufficiènt to continuo to mo01 011 running costs. Following a review of the financial forecasts and taking into considerauon the current cash and fund positions, the trustaes have concluded thal il rèmains appropriate for the financial statements lo be prepar8d on a going concem basi8. as all liabililies can be mel for a period of al least 12 months. Funds Unreslricled funds are avaijable for use at the discretion of the Iruslees In furtherance of the genèral objecliv9s of the Charity and which have not been desigrialed for other purposes. Designated funds comprise unreslricled funds that have sel aside by th8 Iruslees for parllcular purpos&s. The aim and use of 8ach designated fund is sel out in Ihtr note5 fo the financial slalemenls. R&strictsd funds a funds which are lo bg used in accordance wlth gpe¢tfic restrictions impos&d by donors or v4hich have been ralsgd by the charlty for particular purposes. The cost of raising and administ8ring such funds are chargeé against thè specific fund. aim and use of each restricted fund Is sel out In tho nolgs lo the financial ststements. -13-
Docusbn Envelope ID.. 83BA32F2Du3wl9FB82AsBD7m2 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policles lcontlnued) Income recognltlon All incoming resources are included in Ihe Slalemenl of Financial Aclivitias ISOFAI when the charity is legally entttled lo the Income after any performance condf(ions have bgen mot, Ihe amount can b8 measured reliably and il is probable Ihal the income will be recgived. Income from government and other grants are regniSed al fair valua when the charlty has 8nlillemenl after any performance ccndilK)ns have been mel, i: Is probablo that the income will be received and the amDunl can be measured reliably. If enliuemenl is not met then these amoun15 are dtsferr&d. Grants where the application ol the grant is determined by the funder are included as reslricled fJnds. Grants where there are no conditions sel by the funders o118r than the gen&ral objects 01 ,8 charity are included as unr&stricl&d funds. Grants are accrued when any conditions on th61r receipt have been mel and are dèlarred whero conditions on their feceipl have nol been met. Inveslmonl income 18 earned through holding assets for Invèstment purpos&9 such as sh8res and prOrty.11 Include8 Intergst. Intèrest income is rgcognisad uslng th8 &ffeetlve inlèresl malhod. F99s Incom8 represents amounts recdvable for chlldcare servlces within the year. Exp•ndlturg rgoognltlon All expenditure is accounted for on 8n accfuals basis and has boen Gla&$ifigd und¢r headings that aggregate all costs related lo the category. Expenditure is r8cognised whorg thare is a legal or conslrucl ve obligation lo make paymenis io third parts"es, it is probable thai th8 selllemenl will be required and the amctrunl of the obligation can be measured réliably. 11 is cal8gorised under the following hoading.. Exp8ndilurg on charitable activities includes al c051s relab.ng lo the Dperating of the nurserfes and clubs. Irrecoverable VAT Is charged as an expense against the aclNity for which expenditur& eros8. Intanglblo a8$et$- web$llo dov•lopmont Website development costs are capltali88d, classified as an ass81 on th8 balanca sheet and amort1s6d on a slraighl line basis over its useful lrfe. The perM)d chosen for amortising webslle dovelopm8nl is S years. Provision is mad8 for any irnpalmienl. TangSblo flxod ass•ts Tangible fixed assets are slated al eosl lor deemed costl less accumulated depr6clalion and accumulated impalrmenl bsses. Cost includes costs directy attTibutabla to making the asset capable of operallng as Intended. Depreciati is provld8d on all langible frxed assets. at rates calcJJlaled to write off the CC•sI,1988 oslimatod residual value, of each asset on a systematic basis over ils expected useful life as follows.. Freehol(J propety Leasehold property Fixtures and fittings 2%- 1010 por annum straight lin 20A_ 10% pgr annum straight lino 10% - 20¥0 per annum 51raighl line Debtors and credStor$ re¢glvablelpayable wlthln one year Debtors and creditors With no stated interest rale and I1vable or payablo within one year are recorded al transaction price. Any l¢)sses arising from impaiment are recognis8d in expenditur8. -14-
DOCU9 Envelope ID.. 83BA32Fg-E206-83B64194-FB62ASB07M2 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Ac¢ountlng pollcles lconllnued) Logn$ and borrowings Loans and borrowings ar8 inidalty recognised al the transaction price including Iransacts'on costs. Subsequently, they ar8 measured al amortised cost using the effective inlèrest rale method, 19$5 Impairmènt. If an arrangement constitutes a finance transaction il is measured at pr8Sonl value. Lea$e8 Rentals payable and r8celvabl8 under operating leasas ar9 chargad lo the SOFA on a Strah[ line basis OV8r Ihg period of the lease. Employee benellt¥ When employees have rendarèd service lo the charity, short48rm employee benefits lo which the employees arè enlllled are re¢ogni$ed al the undisGounled amount expgcled lo be paid in exchange lor that service. The charity operatss a defined contribution pLqn for thè benefit of Its employees. Contribullons ara expen86d as they be¢ome payable. Tax The charity is an 6xempl eharity within the meaning of schedule 3 of the Ch8rilies Act 2011 and is consldgièd 1¢ pass thè 18Sts s81 out in Paragraph 1 Schedule 6 Finance Act 2010 and th&refor811 m8els th8 d8ff nlllon of a charitsble company for UK corporation tax pu0$88. Judgemenls and key $our¢•$ of gstlmatlon uncertalnty There have b88n no significant jud9em8nls made in the wocess of preg8rlng th¢ financS8l $tsl&ments. There have bèen no kèy 85$umplions conceming the frj1u and other key sources of esllrnalior) uncertainly allhe reporting date that have a significant risk of causing a malerial adlustmenl lo the carrying amounts of assets and liabilities within Ihe next financial year. In¢om• from charitable activiti•8 Unf•strl¢tod Ro$trS¢ted Funds funds 2025 Total Funds 2024 Total Funds Grant Fees Other incomg 32.922 3.818,702 30.306 39.200 72.122 3.818,702 30,306 587 2,978,493 36,200 3.881,930 39.200 3*21,130 3,015,280 In the prior yaor £1,834 of InMe was iestricled. -15-
Docuslw Envelope ID.. s3BA32FE2D85B6-Bl9B62AsB0TA42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from invo$tm•nts Unr•strlct8d Restrlcted Funds fund$ 2025 Total Funds 2024 Total Funds Bank Inl8r8sI receivable 13.867 13,867 13.781 In the prior year £nil of income was restdcted. Anatysls of expendltur• on ¢harltablo actlvltlos by lund typ Unrestrlctgd Funds Restrlctgd fund$ 202S Total Funds 2024 Total Funds age5 and salorfes Food Heal and light Fienl and rates Repairs and malnlen8nce Cleaning and caretsking Insurance Téléphone Equipment and aclivit1è5 Legal and professional D8pr8cialion Sènior management recharge Administrallon Bank interest Inole 101 Other expenses Amortisalion Bad debt wrillen off Governance cosls Inol8 6) 2,339,627 159.924 51.297 155.673 40.009 43,281 24.190 4.070 137,080 26,920 53.610 159,161 497 19.941 426 384 1.785 10,250 32,058 2,371,685 1 $9,924 S1,297 1 $5,673 40,009 43,281 24,190 4.070 137,080 26,920 53,610 1S9,1fj1 497 19,941 426 1,882.953 144,000 61,073 113.723 39,820 30.535 20,513 7,258 84,017 26,863 35,433 149.C$39 3,533 23,217 384 12,338 9,650 1,785 10,250 3.228.125 32.058 3,260.183 2,629,874 In the pdor year £1,306 ol expenditure was reslricled. -1
Docuslgn envelope ID.. 836A32F9.&2D6.83B6.B194-FB&2A5B07A42 ST BEDE'S CHILDCARE LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysi5 of oxpenditure on charitable activities by activlty typ Dlre¢l charltable costs Support Costs 2025 Total Funds weS and salarios Food eat and light Rent and rates Repairs and malntenance CIBaning and caretaklng Insurance Telephone Equiprnenl and activili8s Legal and profesSn81 Depr8¢ialion Senior managemènt r¢¢hargo Admini51ralion Bank inlerasl Inole 101 Other expenses Amortlsalion Bad debt wrillen off Governance costs Inole 6) 2,371,685 159,924 51,297 155,673 40.009 2.371,685 159,924 51,297 155,673 40,009 43,281 24,190 4,070 137,080 26,920 53,e10 159,161 497 19,941 426 384 1,785 10,250 43.281 24,190 4,D70 137,080 26,920 53,610 159,161 497 19,941 426 1,785 10,250 2.917,453 342,730 3,260,183 Expenditure of £32,058 was reStrted Dlrn¢t charitable costs Support Costs 2024 Total Funds W8g8s and salarles Food H&al and Iwhl Rent and rates Repalrs ancl malnl&nanc8 Cleeniiig 8né caretaking Insurance T81gphon8 Equiprnenl end &Glivrfies Lagal ond pmlgssional Dtspreclation Seniormanagemant ABcharge Adminis1tn Bank interest {nolo 10) Other expenses Amortisation Bad debt writtan off Govgrn&nGe costs (note 6J 1.882,953 144,0( 61,073 113, 723 39.82Q 1,882,953 144,000 61,OT3 113,723 39,820 30,535 20,513 7,258 84,07 7 26, 863 35,433 149,039 3,533 23,217 30.535 20,513 7.258 84,Q17 26.863 35,433 149,039 3,533 23,217 384 384 (2,338) 9,650 f2,338) 9.650 2.323.248 306.426 2.629,674 Expenditure of £1,306 was restiicted. .17-
Docu8 EnvElope ID.. 83BA32F9-E2D6438U1WB62A5B07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 GovernanGo costs Unrèstrlctèd Restrlcted Funds funds 2025 Total Funds 2024 Total Funds Audrfc and Accountancy fees 10.250 10,250 g,650 Audltor's rgmuneratlon Tho audilorfs remuneration 8mounls to an audll fee 01 £10,25012024: £9.6501 excluding VAT. Koy managemant personnel remunèratlon #nd 8xponsg$ Tho lotsl amount ol employee benefits received by key managemant personnel is £218,158 12024.. £188,581}. The charity considers ils key management rsonnel comprise tho senior management gtaff, whose employee bengflts are recharged by The Quill C ol E INSI, and tho ChlldGaro Dlreclor, whos8 employeè b8nefits ara Included on the charity's own payroll. Staff costs and 6mployt• ne1]IS The average monlhly number ol employees duriro the year was as follows: 2025 No 2024 Management Nursery and after school Club workers 14 15 89 110 104 The lolal staff costs and employees b8n8fits w8re as follow8: 2025 2024 Wages and s81arie8 Sock21 securlly Defined contribution pension costs 2,159,295 140,548 71.842 1, T50, 777 100,021 32, 155 2,371.685 1.882,953 Wages and sala8$ indudes £144.302 12024.. £54,254) of staff charges at Gosl from The Quill C of E Trust. No employees receivèd lotsl employee benefrts {excluding employer pension costs) of moro than £60,000 12024.. Nill. -18-
Docuslgn Env8loF* ID.. 83BA32F9-E2Dfv83BmIFB62AsDo7A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10 Interest payab10 and $imllar expenses 2025 2024 Bank108ns and overdrafts 19,941 23,217 19,941 23,217 11 N81 Incomlng R•sourc8s N81 Incomlng resou¢$ Is stated aftor charging 2025 2024 Depreciation Arnortisalion Auditors. romuneratlon (n¢1 of VAT) 53,610 35,433 384 9,650 10,250 12 Intanglbl• asset8 Goodwlll W&bslt• Total Cost Al I S8plernber 2024 Additions 270,000 1,920 271,920 At 31 August 2025 270,000 1,920 271,920 Amortlmatlon dat At I September 2024 Charge in the rtod 270,000 1.248 384 271,248 At 31 Augusl 2025 270,Crf)O 1,632 271,632 Net book value At 31 August 2025 288 288 At 31 August 2024 672 672 -19-
Docu8ign Envaknp8 ID.. 83BA32F9-E2D&83Bfv8194-FB62ASB07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13 Tangiblo fixed assats Land and buildings Flxtures & flttings Total Cost Al I Seplernber 2024 Additions Dlsposals 1,242,866 43,734 72,145 91,198 1,315,017 134,932 At 31 Augu$t 2025 1,286,600 163,343 1.449,943 Depreclatlon Al I S&plomber 2024 Charge in Ihe pèriod Ellmlnaled On disposals 190,104 39,576 27,819 14.034 217,923 53,610 At 31 August 2025 229,680 41,853 271,533 Nat book value At 31 August 2025 1,056,920 121,490 1,178.410 At 31 August 2024 1,052,762 44,326 1,09T,088 The nel book valu8 of land and buildlngs comprised.. 2025 2024 Land and bulldings., Frgghold Leasehold Leasehold Improv8m&nts 272,347 762,863 21,710 261,069 765,602 26,091 1.056.920 1.052, 762 14 Debtors 2025 2024 TTade doblor8 Prepayments and accrued income Other debtors 22,096 28,830 15,065 10,726 34,326 465 65,991 45,517
DLts19 Envelope ID.. 83BA32F9.E2DWBM194-F862ASB07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15 Cradltors . Amounts falling duo wlthln ono year 2025 2024 Bank loan Traole croditors Accruals and deferred Income oth&r credllors 44.081 69,104 111,596 49.461 56,924 111,872 87,435 29.242 274,242 285,473 Credllors .' Amounts falling due after more than on• year 2025 2024 8ank loan 114,449 132, 135 The bank loan is secured by 8 first legal charge over the as59t5 of Baby Bede Prfvale Day Nurs¢ry, LItUe Owls Prlvale Day Nursery and Llttle RainJx)ws 2 PTNale Day Nursery. The arnounl ropayable after more Ih8n flve years is £nil. 17 D8lerr•d Incom• 2025 2024 Balance brought fomard al 1 Seplgmbor 2024 Amounts d8f6rrod in th8 year Amounts relgased lo Sncom8 32,972 28,552 132,9721 9,313 32.972 9,3131 28.552 32,972 Deferred Income comprisos fe8 income recelved wi a(fvanca. 18 Movaments In funds Currnnt year At31 August 2025 September 2024 Incomlng resources Outgolng resources Transfers Unrestricted fund Designated fund R8strtcted fund 2,108,015 202.835 528 3,895.797 (3.223,7321 14,3931 {32,0581 IS3,2421 53,242 2,726,825 251,697 7,670 39,200 2,311,378 3,934,997 {3.260.1831 2.986,192 Fr80 r6serves of £1,548,415 is calculated by taking the fixed assets value from Ihe unreslricled funds. as funds in fixad assets are not deemed Yree, due to their tlm lo sell. -21-
DotxjgD EDvebpe ID.. 83BA32F9-E2Dfv83B641FB62ASBO7A42 ST 8EDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19 Movement In funds Ic¢ntSnu•d) Dg8lgnatod funds The directors havo designated an amount equal lo the lower of 2.5Vo ol the audited net balance of the balance sheet al 31 August and the reconcilad bank balance lo be Iransfeired to a hardship fund for the banalit of the publlc. In addillon, p18ces are held open at each venue to be $ at the dlscrelion of the Directors lo aid in $3feguarding andlor where partKular areas of hardship are Ideftfied wilhln f8mlli8s acc8sslng our childcare. Prior year At1 Sfrptemb•r 2023 At31 August 2024 Incomlng ra$ourcos Outgoing resources Transf•r$ Unreslricled fund Designaled fund F188tr1ct8d lund 1,747,813 164,178 3.027.227 (2.627.395) 19731 {1,3061 139,S301 39,830 2,108,015 202,835 528 1.834 1.911,991 3.029,061 12,629,674) 2,311,378 19 Op&ratlng leaso commltmonls Totsl futurè mlnimum lease payments under nonancelIable 0ratIfi9 lèas8s are a8 follows: 2025 2024 Operatin9 leases whlch expire Wilhin 1 ygar Wllhin 2 10 5 years Morè than S yèars 58,326 171,451 180,000 58,326 199,777 210,000 409.777 468, 103
Docusign Env&lap& ID.. 8J8A32F9-E2D6-838lFB62A5B0YA42 ST BEDE'S CHILDCARE LIMrrED COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 20 Reconclliatlon of net In¢omel{exponditure) lo net cash flow from operating activities 2025 2024 Nel incomell8xp8nditur81 lor the peric 674,814 399,387 Inler8sl r@covable Inlerosl payable Amortisalion ol inlangiblo fixed ass8ts Oeprecialion and impairment of tangible fixed asse IProlilllLoss on disposal of langibte fixgd assets Dacreasollincreas&l in deblors Decrease in Creditors 113,8671 19,941 (13, 781) 23,217 384 35,433 53,610 120,4741 1,612 8,629 68,118 Ng1 cosh flow fr¢)m op8rallng actbvilios 716,020 519,385 21 Analy•ls of net debt Oth•r non- ca$h Ghangos t Septembgr 2024 31 August 2025 Cash flow Ng1 cash.. Cash 81 bank and In hand 1.585,709 544,485 2,130,194 Debt.. Bank loan8 (189,059) 44,651 114,1221 1158,5301 Net dèbt 1,396,650 589,136 114,1221 1,971,664 22 Related party transactSons The directors conslder that there Is no overall conlrolllng party. Tho Quill C of E Trust 15 con51d8r8d lo bè a r8lated party as thè dlrleiors of the charfty ara also part ol the management tgam of the school. Included within Lhe accounts Is a baL8nce of £21,93712024.' £25,899) due lo The Quill C of E Trust. Managemenl rechargès of £159,161 (2024.. £152,206) hav8 been charged from The Quill C of E Trust during the peril. This includes £90,541 of staff recharges rolaled to Ihroc twsie95 Of Sl Bodg Childcarts, Three ITusle8s r8celved remungratson (IrlUdIng employe8 benefits rochargod by The Quill C of E Trust) of £111.184 during the yeaT12024.' three trustees £98,408). Sl Bede Toaching School Llmiled is also consK1ered lo be a related paty as Ih8re aro common directors ofthe two companies. Durtng the year. Sl Bede Teaching School Lirniled made donations totalling £nil12024.. £nill to Sl Bede's Childcare Lirniled. -23-
Docusign Envebpe ID.. 83gA32F9-E2D6-83BU19¥FB82A5B07A42 ST BEDE'S CHILDCARE LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 AUGUST 2025 23 Company Ilmltad by guarantee The charty is a company limitad by guorantee. In the event of the thsrity being wound up or dissolvod, @ach merr.ber undertakes lo contribute such amount as is required. not axce8dlng £1, for payment of any debts or liabilities. -24-