K & O CHILDCARE LTD TRUSTEES’ ANNUAL REPORT 2021/22
Charity Registration: 1137877 Company No. 7093139
|**Charity Name:**|K&O Childcare||
|---|---|---|
|**Registered Charity Number:**|1137877||
|**Principal Address:**|161 Sumner Road||
||Peckham||
||London SE15 6JL||
|**Trustees:**|Charity Trustees||
|**Names of the Charity**|||
|**Trustees:**|Charlene Jones|Chairperson|
||Richard Wright|Treasurer|
||Nadia Mondesir|Committee|
||Jacqui McQuire|Members|
||Stephanie Johnson||
||Ashley Hastings||
|**Name and address**||
|---|---|
|**of adviser:**|Divine Consult Limited|
||Accountants|
||159 Boundfield Road|
||London SE6 1PE|
|**Name of senior staff:**|K&O Nursery General Manager|
||Miss June Savory|
|**Type of governing**||
|**document:**|Constitution|
||adopted 02/12/2009|
|**How the charity is**||
|**constituted:**|Limited Company|
Charity Registration: 1137877 Company No. 7093139
## **Charity trustee selection methods:**
## Appointed by the existing trustees
**Summary of the objects the Charity set out in its governing documents:**
The objects of the K&O Childcare are to enhance the development and education of children under statutory school leaving age whose parents live and/or work in the London Borough of Southwark and surrounding areas, without distinction of sex, race, religion, disabilities or political opinion by:
- Working with parents, other service providers and the L B Southwark to provide a safe, secure and stimulating environment where children are allowed tom develop at their own pace, build a positive selfimage and confidence so as to reach their full potential.
- Offering appropriate play facilities and workshops which encourage the parents of the children therein to take responsibilities for and become involved in such groups.
- Encouraging parents to understand and provide for the needs of their children.
- Providing counselling to children with behavioural and/or other special education needs.
**Summary of the main activities Undertaken for the public benefit in relation to these object:**
K&O Childcare runs an Ofsted registered nursery (Registration number EY419807) in Peckham for
Charity Registration: 1137877 Company No. 7093139
the benefit of parents/carers who live or/and work in Peckham.
The nursery is open Monday to Friday from 7am-8am breakfast club 8am6pm Normal nursery hours and 6.30pm After nursery service In line with the Government FEEE (Free Early Education Entitlement) K&O Childcare nursery offer 30- 15 hours free education per week to any children over the age of 2-4. K&O Childcare also offers free play facilities and workshop for children and parents.
**Summary of the main achievement of the Charity during the year:**
Our main is to successfully provide high stand education to all children that attend the setting. The nursery continues to work hard to improve the facility we provide and are working towards getting ‘outstanding’ on our next OFSTED visit.
The children continue to progress in all areas of their learning and development. They are happy and settled in the setting and environment. All our successfully supported by a caring and enthusiastic staff team who have a good understanding of the early Years Foundation Stage”.
K&O Childcare continues to help build and develop children from a low income families
Charity Registration: 1137877 Company No. 7093139
The nursery process 62 free early learning children aged 2-4 a week and deliver an excellent curriculum. The nursery provide the 15-30 hours free childcare for 3-4 years olds and 2 year old funding for parents on benefits government scheme. **Policy on reserves:** K&O Childcare does not have a reserves policy. **Signatures:** Read and approved by the trustees. Charlene Jones Richard Wright
Charity Registration: 1137877 Company No. 7093139
## **Registered Company Number : 07093139 Charity Registration Number: 1137877**
**K & O CHILDCARE LTD Unaudited Financial Statements For The Year Ended 31 March 2022**
## **K & O CHILDCARE LTD**
## **Contents of The Financial Statements**
## **for the year ended 31 March 2022**
||**Page**|
|---|---|
|Legal and Administrative Information|1|
|Report of The Trustees|2 - 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|
7 - 8|
|Detailed Statement of Financial Activities|9|
## **K & O CHILDCARE LTD Account year ended 31 March 2022**
## **Legal and Administrative Details**
**Registered Charity Number:** 1137877 **Registered Company Number :** 07093139
## **Chairperson**
Miss Charlene Jones
## **Trustees**
Miss Charlene Jones (Chiarperson) Richard Wright (Treasurer) Miss Nadia Mondersir (Member)
## **Independent Examiner**
Divine Consult Limited Accountants 159 Boundfield Road London SE6 1PE
**Bankers:** HSBC Rye Lane Peckham London SE15 5ET
## **Registered Office:**
K & O Childcare Ltd 161 Sumner Road London SE15 6JL
1
## **K & O CHILDCARE LTD**
## **Report of The Trustees**
**for the year ended 31 March 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006 on 26th April 2011 with a registered charity number 1137877.
## **Organisational structure**
The nursery is organised such that the day to day running of the nursery has been delegated to the Charity Manager. The Trustees are consulted on all material issues and determine the strategic direction of the charity. Trustees meet four times in a year and as and when required to review the operations of the charity.
## **Recruitment and appointment of new trustees**
The management of the nursery is the responsibility of the trustees who are elected and coopted under the terms of the trust deed.
## **Policies adopted for the induction and training of trustees**
The induction process for any newly appointed member of the trustees comprises an initial meeting with the chairperson and other trustees, followed by a series of short meetings with the chairperson on the powers and responsibilities of the trustees.
New Trustees are given an understanding of the charity’s objectives and the requirements of the Charity Commission. They are also encouraged to attend appropriate external training events where these will facilitate the understanding of their role. Charity Commission bulletins/ updates is also forwarded to Trustees as and when issued.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate control. The trustees have assessed the major risks to which the nursery is exposed. In particular those related to the operations and finances of the nursery, and are satisfied that systems are in place to mitigate our exposure to the major risks and to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
To enhance the development and education of children under statutory school leaving age whose parents live and/or work in the London borough of Southwark and surrounding areas without distinction of sex, race, age and political and religious opinion.
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on children education.
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
2
## **K & O CHILDCARE LTD**
## **Report of The Trustees for the year ended 31 March 2022**
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
· Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charity SORP;
- Make judgements and estimates that are reasonable and prudent;
· Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions
This report was approved by the trustees on 8 December 2022 and signed on its behalf.
Miss Charlene Jones **Chairperson (For The Trustee)**
3
## **K & O CHILDCARE LTD Account year ended 31 March 2022**
## **Independent Examiner's Report**
## **To the Trustees of**
## **K & O CHILDCARE LTD**
I report on the accounts for the year ended 31 March 2022 set out on pages five to nine.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of IFA.
It is my responsibility to: - examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
• the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Divine Consult Limited Accountants 159 Boundfield Road London SE6 1PE
8 December 2022
4
## **K & O CHILDCARE LTD**
## **Statement of Financial Activities for the year ended 31 March 2022**
**----- Start of picture text -----**
2022 2021
Total Total
Unrestricted Restricted Fund Fund
Restated
Notes £ £ £ £
Income Resources
Incoming Resources From Generated Funds
Voluntary Income 2 268,037 - 268,037 340,365
Total Income Resources 268,037 - 268,037 340,365
Resources Expended
Charitable Activities
-
Support & Charitable Expenses 289,964 289,964 300,725
Governance Costs 3 10,025 - 10,025 8,784
-
Total Resources Expended 299,989 299,989 309,509
NET INCOMING RESOURCES (31,952) - (31,952) 30,856
PRIOR PERIOD ADJUSTMENT (8,756) - (8,756) -
-
Total Funds Balances b/fwd 22,269 22,269 (8,587)
-
Total Funds Balances c/fwd (18,439) (18,439) 22,269
**----- End of picture text -----**
The Notes Form Part of These Financial Statements
5
## **K & O CHILDCARE LTD**
## **Balance Sheet as at 31 March 2022**
|**Notes**
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
**CREDITORS**
Amounts Falling Due within one
Year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts Falling Due after more
than one year
8
**NET ASSETS**
**Unrestricted Funds**
9
Unrestricted Funds
**TOTAL FUNDS**|**2022**
**Total**
**Funds**
**£**
**£**
20,942
39,921
60,863
(34,626)
26,237
26,237
(44,676)
(18,439)
(18,439)
(18,439)|**2021**
**Total Funds**
**Restated**
**£**
**£**
38,343
70,153
108,496
(36,227)
72,269
72,269
(50,000)
22,269
22,269
22,269|
|---|---|---|
The financial statements were approved by the Board of Trustees on 30th November 2022 and were signed on its behalf by:
Miss Krisdionne Egwenu **Chairperson (For The Trustee)**
The Notes Form Part of These Statements
6
**K & O CHILDCARE LTD**
## **Notes to the Financial Statements for the year ended 31 March 2022**
## **1 ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (issued July 2014)
## Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
The charity is exempt from tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
|**2**
**VOLUNTARY INCOME**
LB Southwark - Fees
Nursery Fees
Company Kids Voucher
College
GOV Scheme
Grant - CJRS
Other income
Grants received, included in the above, are as follows:
Other Grants - CJRS
**3**
**GOVERNANCE COSTS**
Accountancy
Insurance
Legal fees|**2022**
**£**
87,286
100,052
6,167
8,615
4,870
43,784
17,263
**268,037**
**2022**
**£**
43,784
**43,784**
**2022**
2,270
2,941
4,814
**10,025**|**2021**
**Restated**
**£**
134,566
52,941
610
4,879
6,855
140,124
390
**340,365**
**2021**
**£**
140,124
**140,124**
**2021**
1,800
3,690
3,294
**8,784**|
|---|---|---|
## **4 TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021
## **5 STAFF COSTS**
|**STAFF COSTS**
Wages and Salaries
HM Revenue|**2022**
**£**
198,197
8,347
**206,544**|**2021**
**£**
201,194
8,361
**209,555**|
|---|---|---|
7
**K & O CHILDCARE LTD**
## **Notes to the Financial Statements for the year ended 31 March 2022**
|The average monthly number of employees during the
year was as follows: Administrative staff
No employees received emoluments in excess of £60,000.
**6**
**Debtors : Amounts Falling Due within one year**
Debtors - Parents
Other debtors - Furlough
**7**
**Creditors: amounts falling due within one year**
Trade creditors
Wages & Salaries
PAYE & NI
Other Creditors
**8**
**Creditors: amounts falling due after one year**
Bank loans
**OPERATING LEASE COMMITMENTS**
Expiring:
Between one and five years
**9**
**Movement in Funds**
**At 01 04 21**
**£**
Unrestricted funds
General fund
22,269
Restricted Fund
-
TOTAL FUNDS
22,269
Net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**£**
**Unrestricted funds**
General fund
268,037
Restricted Fund
-
Total Fund
268,037
Butterfly Lane|19
**2022**
**£**
20,942
-
-
20,942
**2022**
**£**
1,920
12,418
2,640
17,648
34,626
**2022**
**£**
44,676
**£**
11,022
11,022
**Net**
**Movement**
**In Funds**
**£**
(31,952)
-
(31,952)
**Resources**
**Expended**
**£**
299,989
-
299,989|21
**2021**
**Restated**
**£**
20,373
8,756
9,214
38,343
**2021**
**£**
1,800
15,048
3,531
15,848
36,227
**2021**
**£**
50,000
**£**
20,640
20,640
**At 31 03 22**
**£**
(9,683)
-
(9,683)
**Movement**
**in Funds**
**£**
(31,952)
-
(31,952)|
|---|---|---|
8
## **K & O CHILDCARE LTD Detailed Statement Of Financial Activities for the year ended 31 March 2022**
|**INCOMING RESOURCES**
LB Southwark - Fees
Nursery Fees
Company Kids Voucher
College
GOV Scheme
Grant - JSR
Other income
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Charitable Activities**
Activities
Staff training and welfare
Stationery and printing
**Governance Costs**
Accountancy fees
Insurance
Professional charges
**Support Costs Management**
Wages and Salaries
HM Revenue
Payroll Services
Employer's Pension
Rent & Rates
Nursery Expenses
Telephone and fax
Pest Control
Food & Drinks
Bank charges
Cleaning & Bins
Utilities
Low Level Equipment
Repairs and maintenance
Lease expense
Securities
TOTAL RESOURCES EXPENDED
**NET INCOME**|**2022**
**2021**
**Unrestricted**
**Restricted**
**Total Fund**
**Total Fund**
**Restated**
**£**
**£**
**£**
**£**
87,286
87,286
134,566
100,052
100,052
52,941
6,167
6,167
610
8,615
8,615
4,879
4,870
4,870
6,855
43,784
43,784
140,124
17,263
17,263
390
**268,037**
**0**
**268,037**
**340,365**
2,536
2,536
2,817
8,190
8,190
6,954
168
168
167
**10,894**
**0**
**10,894**
**9,938**
2,270
2,270
1,800
2,941
2,941
3,690
4,814
4,814
3,294
**10,025**
**0**
**10,025**
**8,784**
198,197
198,197
201,194
8,347
8,347
8,361
1,655
1,655
2,619
661
661
1,523
23,577
23,577
14,985
1,091
1,091
0
3,919
3,919
4,774
942
942
668
5,948
5,948
5,360
72
72
107
6,869
6,869
6,325
720
720
2,128
11,892
11,892
19,449
3,570
3,570
12,031
9,909
9,909
9,570
1,701
1,701
1,693
**279,070**
**0**
**279,070**
**290,787**
299,989
0
299,989
309,509
**-31,952**
**0**
**-31,952**
**30,856**|
|---|---|
9
## **Registered Company Number : 07093139 Charity Registration Number: 1137877**
**K & O CHILDCARE LTD Unaudited Financial Statements For The Year Ended 31 March 2022**
## **K & O CHILDCARE LTD**
## **Contents of The Financial Statements**
## **for the year ended 31 March 2022**
||**Page**|
|---|---|
|Legal and Administrative Information|1|
|Report of The Trustees|2 - 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|
7 - 8|
|Detailed Statement of Financial Activities|9|
## **K & O CHILDCARE LTD Account year ended 31 March 2022**
## **Legal and Administrative Details**
**Registered Charity Number:** 1137877 **Registered Company Number :** 07093139
## **Chairperson**
Miss Charlene Jones
## **Trustees**
Miss Charlene Jones (Chiarperson) Richard Wright (Treasurer) Miss Nadia Mondersir (Member)
## **Independent Examiner**
Divine Consult Limited Accountants 159 Boundfield Road London SE6 1PE
**Bankers:** HSBC Rye Lane Peckham London SE15 5ET
## **Registered Office:**
K & O Childcare Ltd 161 Sumner Road London SE15 6JL
1
## **K & O CHILDCARE LTD**
## **Report of The Trustees**
**for the year ended 31 March 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006 on 26th April 2011 with a registered charity number 1137877.
## **Organisational structure**
The nursery is organised such that the day to day running of the nursery has been delegated to the Charity Manager. The Trustees are consulted on all material issues and determine the strategic direction of the charity. Trustees meet four times in a year and as and when required to review the operations of the charity.
## **Recruitment and appointment of new trustees**
The management of the nursery is the responsibility of the trustees who are elected and coopted under the terms of the trust deed.
## **Policies adopted for the induction and training of trustees**
The induction process for any newly appointed member of the trustees comprises an initial meeting with the chairperson and other trustees, followed by a series of short meetings with the chairperson on the powers and responsibilities of the trustees.
New Trustees are given an understanding of the charity’s objectives and the requirements of the Charity Commission. They are also encouraged to attend appropriate external training events where these will facilitate the understanding of their role. Charity Commission bulletins/ updates is also forwarded to Trustees as and when issued.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate control. The trustees have assessed the major risks to which the nursery is exposed. In particular those related to the operations and finances of the nursery, and are satisfied that systems are in place to mitigate our exposure to the major risks and to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
To enhance the development and education of children under statutory school leaving age whose parents live and/or work in the London borough of Southwark and surrounding areas without distinction of sex, race, age and political and religious opinion.
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on children education.
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
2
## **K & O CHILDCARE LTD**
## **Report of The Trustees for the year ended 31 March 2022**
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
· Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charity SORP;
- Make judgements and estimates that are reasonable and prudent;
· Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions
This report was approved by the trustees on 8 December 2022 and signed on its behalf.
Miss Charlene Jones **Chairperson (For The Trustee)**
3
## **K & O CHILDCARE LTD Account year ended 31 March 2022**
## **Independent Examiner's Report**
## **To the Trustees of**
## **K & O CHILDCARE LTD**
I report on the accounts for the year ended 31 March 2022 set out on pages five to nine.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of IFA.
It is my responsibility to: - examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
• the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Divine Consult Limited Accountants 159 Boundfield Road London SE6 1PE
8 December 2022
4
## **K & O CHILDCARE LTD**
## **Statement of Financial Activities for the year ended 31 March 2022**
**----- Start of picture text -----**
2022 2021
Total Total
Unrestricted Restricted Fund Fund
Restated
Notes £ £ £ £
Income Resources
Incoming Resources From Generated Funds
Voluntary Income 2 268,037 - 268,037 340,365
Total Income Resources 268,037 - 268,037 340,365
Resources Expended
Charitable Activities
-
Support & Charitable Expenses 289,964 289,964 300,725
Governance Costs 3 10,025 - 10,025 8,784
-
Total Resources Expended 299,989 299,989 309,509
NET INCOMING RESOURCES (31,952) - (31,952) 30,856
PRIOR PERIOD ADJUSTMENT (8,756) - (8,756) -
-
Total Funds Balances b/fwd 22,269 22,269 (8,587)
-
Total Funds Balances c/fwd (18,439) (18,439) 22,269
**----- End of picture text -----**
The Notes Form Part of These Financial Statements
5
## **K & O CHILDCARE LTD**
## **Balance Sheet as at 31 March 2022**
|**Notes**
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
**CREDITORS**
Amounts Falling Due within one
Year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts Falling Due after more
than one year
8
**NET ASSETS**
**Unrestricted Funds**
9
Unrestricted Funds
**TOTAL FUNDS**|**2022**
**Total**
**Funds**
**£**
**£**
20,942
39,921
60,863
(34,626)
26,237
26,237
(44,676)
(18,439)
(18,439)
(18,439)|**2021**
**Total Funds**
**Restated**
**£**
**£**
38,343
70,153
108,496
(36,227)
72,269
72,269
(50,000)
22,269
22,269
22,269|
|---|---|---|
The financial statements were approved by the Board of Trustees on 30th November 2022 and were signed on its behalf by:
Miss Krisdionne Egwenu **Chairperson (For The Trustee)**
The Notes Form Part of These Statements
6
**K & O CHILDCARE LTD**
## **Notes to the Financial Statements for the year ended 31 March 2022**
## **1 ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (issued July 2014)
## Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
The charity is exempt from tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
|**2**
**VOLUNTARY INCOME**
LB Southwark - Fees
Nursery Fees
Company Kids Voucher
College
GOV Scheme
Grant - CJRS
Other income
Grants received, included in the above, are as follows:
Other Grants - CJRS
**3**
**GOVERNANCE COSTS**
Accountancy
Insurance
Legal fees|**2022**
**£**
87,286
100,052
6,167
8,615
4,870
43,784
17,263
**268,037**
**2022**
**£**
43,784
**43,784**
**2022**
2,270
2,941
4,814
**10,025**|**2021**
**Restated**
**£**
134,566
52,941
610
4,879
6,855
140,124
390
**340,365**
**2021**
**£**
140,124
**140,124**
**2021**
1,800
3,690
3,294
**8,784**|
|---|---|---|
## **4 TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021
## **5 STAFF COSTS**
|**STAFF COSTS**
Wages and Salaries
HM Revenue|**2022**
**£**
198,197
8,347
**206,544**|**2021**
**£**
201,194
8,361
**209,555**|
|---|---|---|
7
**K & O CHILDCARE LTD**
## **Notes to the Financial Statements for the year ended 31 March 2022**
|The average monthly number of employees during the
year was as follows: Administrative staff
No employees received emoluments in excess of £60,000.
**6**
**Debtors : Amounts Falling Due within one year**
Debtors - Parents
Other debtors - Furlough
**7**
**Creditors: amounts falling due within one year**
Trade creditors
Wages & Salaries
PAYE & NI
Other Creditors
**8**
**Creditors: amounts falling due after one year**
Bank loans
**OPERATING LEASE COMMITMENTS**
Expiring:
Between one and five years
**9**
**Movement in Funds**
**At 01 04 21**
**£**
Unrestricted funds
General fund
22,269
Restricted Fund
-
TOTAL FUNDS
22,269
Net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**£**
**Unrestricted funds**
General fund
268,037
Restricted Fund
-
Total Fund
268,037
Butterfly Lane|19
**2022**
**£**
20,942
-
-
20,942
**2022**
**£**
1,920
12,418
2,640
17,648
34,626
**2022**
**£**
44,676
**£**
11,022
11,022
**Net**
**Movement**
**In Funds**
**£**
(31,952)
-
(31,952)
**Resources**
**Expended**
**£**
299,989
-
299,989|21
**2021**
**Restated**
**£**
20,373
8,756
9,214
38,343
**2021**
**£**
1,800
15,048
3,531
15,848
36,227
**2021**
**£**
50,000
**£**
20,640
20,640
**At 31 03 22**
**£**
(9,683)
-
(9,683)
**Movement**
**in Funds**
**£**
(31,952)
-
(31,952)|
|---|---|---|
8
## **K & O CHILDCARE LTD Detailed Statement Of Financial Activities for the year ended 31 March 2022**
|**INCOMING RESOURCES**
LB Southwark - Fees
Nursery Fees
Company Kids Voucher
College
GOV Scheme
Grant - JSR
Other income
**Total Incoming Resources**
**RESOURCES EXPENDED**
**Charitable Activities**
Activities
Staff training and welfare
Stationery and printing
**Governance Costs**
Accountancy fees
Insurance
Professional charges
**Support Costs Management**
Wages and Salaries
HM Revenue
Payroll Services
Employer's Pension
Rent & Rates
Nursery Expenses
Telephone and fax
Pest Control
Food & Drinks
Bank charges
Cleaning & Bins
Utilities
Low Level Equipment
Repairs and maintenance
Lease expense
Securities
TOTAL RESOURCES EXPENDED
**NET INCOME**|**2022**
**2021**
**Unrestricted**
**Restricted**
**Total Fund**
**Total Fund**
**Restated**
**£**
**£**
**£**
**£**
87,286
87,286
134,566
100,052
100,052
52,941
6,167
6,167
610
8,615
8,615
4,879
4,870
4,870
6,855
43,784
43,784
140,124
17,263
17,263
390
**268,037**
**0**
**268,037**
**340,365**
2,536
2,536
2,817
8,190
8,190
6,954
168
168
167
**10,894**
**0**
**10,894**
**9,938**
2,270
2,270
1,800
2,941
2,941
3,690
4,814
4,814
3,294
**10,025**
**0**
**10,025**
**8,784**
198,197
198,197
201,194
8,347
8,347
8,361
1,655
1,655
2,619
661
661
1,523
23,577
23,577
14,985
1,091
1,091
0
3,919
3,919
4,774
942
942
668
5,948
5,948
5,360
72
72
107
6,869
6,869
6,325
720
720
2,128
11,892
11,892
19,449
3,570
3,570
12,031
9,909
9,909
9,570
1,701
1,701
1,693
**279,070**
**0**
**279,070**
**290,787**
299,989
0
299,989
309,509
**-31,952**
**0**
**-31,952**
**30,856**|
|---|---|
9