Docushjn En¥ekn￿ ID.. 83BA32F9-E2Dm3B&8l￿FB62AS￿O7A42 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 Docu￿gn 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.. B3BA32F9￿2DN3B8￿l9￿FB83A5￿fj7A42 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-E2D6-83BU1￿FB62ASBO7A42 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 pol￿195 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. Trust￿9 The number of DIrect￿S 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 luI￿r 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￿>t￿l0.. 83￿32Fg.E20￿3B￿l94-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 Com￿lItI0n 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 Word￿f-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¥8￿p2 ID,. 62BA32F9￿Zw3B￿I￿FBs2AsBo7A42 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 COns￿lent1Y', 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 L*nl8ss 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 infc*m)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 s￿tement of Recommonded Prac￿te "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 DocU8￿n 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 InlèrnatiC￿aI 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.. B3BA32F￿E2D643B8-8194-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-FW2￿BO7A42 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