REGISTERED COMPANY NUMBER: 06955717 (England and Wales) REGISTERED CHARITY NUMBER.. 1139442 Report of the Trustees gnd Unaudlted Flnanelal Statements for the Year Ended 31st July 2024 for Thomas Boughey Kindergarten and Chlld Carc Ltd (A Company Limited by Guarantee) Hardings Chartered Accountants 6 Marsh Parade Newcastle-under-Lyme Staffordshire ST5 IDU
Thomis Boughey Kindergarten and Chlld Care Ltd Contents of the Financial Statements for the Year Ended 31st July 2024 Page Report of the Trustees I to 5 Independent Examlner'8 Report Statsm¢nt of Flnanclal Actlvltles BAlanee Sheet Notes to the Flnan¢lg1 Statements 9 to 13 Detalled Statement of Flnanclal Aetlvltles 14
Thomas Boughey Kindergarten and Chlld Care Ltd Report of the Trustees for the Year Ended 31st July 2024 The trttees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statsments of the charity for the year ended 3 1st July 2024. The trnstees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Objectives and activltles Charitable Objects The aim of the company is To enhance the education of children below statutory school age in and around Stokc on Trent by the provision of a kindergarten. In setting our objectives and planning our activities the trustees have given care1 consideration to the Charity Commission's guidance on public b¢nefit. As a charity, the parents of our children have the assurance that all our income must be applied for the benefit of the children attending our settings. Page I
Thomas Boughey Kindergarten and Child Care Ltd Report of the Trustees for the Year Ended 31st July 2024 Objectives and activities Aims and inttnded impact Within our objects we offer flexible childcare arrangements for the community around the setting but also affordable day care for families who work or Sdy. As part of the charitabl¢ aspects of our work, and on the basis of applied criteria, we support wherever possible, requests from health professionals for respite care. and also 2-year funded places to help families in need. We want to ensure that children have a safe place lo spend their early years to ensure that we provide them with enhanced opportunities to access the Early Years Foundation Stage CU1cUluM and other age-related activities. Activities are differentiated to support the interests and development of children's skills and knowlcdge through a variety of re5our¢¢s and opportuniti¢s for ¢xample visits into the wider Stok¢-on-Trcnt area as wcll as local community. We also offer fre¢ school meals for families in need, and in cxtreme povety i.e families unable to claim monies due to their alien status. This year we have supported two families of three children in total who requircd support with covering the cost of their lunches. We have supported a family who were on the receipt of low income and whose children were vulnerable children with additional Childcare at the settingj providing free childcare for these additional days. We had some left over easter eggs which we donated to the Iociil family support team to gift to families they were working with at Easter. We took all the school leavers out for the day and we supported the cost of the trip by paying for th¢ coach. All the school leavers were bought a leaving gift too. Any family unablc Lo find the payment required for the trip would have this covered by the nursery. We have also supported a parent who wanted their child to join in with the extra physical sports activlty but wer¢ struggling financially to nd the sessions for their child. The child was benefitting frorn the sessions which supported with individual development. We have provided some extr& support for children with SEND in the form of an intervention support worker. This strategy is proving very beneficial in supporting children'5 individual needs. We work closely with Stoke-On-Trent Children and Young Pcoplcs tcam, hcalth profcssionals, educational professionals and the Local Authority, to ensure maximum public benefit from our charity. During this year we have offered before and after school care provision with St Mark'5 CE (A) Primary School, which continu¢s to be provided from the kindergarten. We are an equal opportunity organisation and are committed to a working environmenl that is free from any fom] of discrimination. on the grounds of colow. race. ethnicity, rcligion, sex, sexual orientation or disability. We will make reasonable adjustments to meet the needs of staff or children in our care who are or who become disabled, Standards Thomas Bough¢y Kindergarten and Child Care Ltd actively supports the attainment of the highest standards through its links with other partner organisations linked to child care. The nursery continues to enjoy every success which includes an excellent reputation with the community and also partner professionals and excellent occupancy rates. The setting was awarded a good Ofsted grade at the last inspection in October 2021. Staff have worked extremely hard to achieve these standards. Page 2
Thomas Boughey Kindergarten and Child Care Ltd Report of the Trustees for the Year Ended 31st July 2024 Objeetlves and aetivities Princip81 activities of the year Our principal activity is childcare. benefiting the public by ensuring that we provide excellent, affordable 11 daycare for children under statutory school age. We operate on on¢ site within the Thomas Boughcy Children's C¢ntre offering full day care for children 0-5 years. All children. irrespectivo of where they live, individual circumstances, or abilities, within requisite age ranges are able to attend the setting. Aehievement and performance Charitable aetivfities The awards against which we have been accredited i.e Investors in People, Stoke Spcaks Out level 4 Communication Friendly setting, Makaton Friendly status, alongsidc our GOOD Ofsted grade clearly demonstrate what our company is about, both excellence for our clients but also we respect and value our staff and ensure employrnent in a company of quality. We also have one member of senior staff who achieved Stoke Speaks Out levcl 5 qualification. The setting has a cornrnitted Childcare Manager who has a wealth of knowledge and understanding of working within the Early Years sector who has a clear passion and dedication for the work we do. The Manager is vigilant, enthusiastic and intent on achieving excellent practice in both quality and business growth to irnprovc outcomcs for children's learning and development, whilst bringing environments to life uslng the communication friendly Spaces perspective, alongside a natural approach. We have staff who are keen to embed the company pcdagogy and outdoor learning ethos. We continue to aspire to achieve the highest possible standards and the maximum benefit to the public who use our services. We centlY have 20 staff who give high levels of comrnitment to the company and excellent care to our children. They all acknowledge and support the ethos and pedagogy of the l<indcrgarien through cxccllcnt team work. The business continues to meet thc challenges of the climate in our locality. The company continues to have a good take up of spaces throughout the whole age ranges. The company offers staff a pension scheme and staff take up has been excellent. Fees are payable in accordance with the standard hiring agreement and scale of charge5 adopted for the year. It is intended that the scale of charges are sufficient to generate enough income to meet all expenditure incurred in providing the facilities of the nurseries but at the same time being affordable to our parent5. Our curriculum is extensive and include5 trip5 into the local environment and Lornmunity, These opportunities are offered to children, dependent on age and stage of the child. The company has acccss to a minibus which is made available on request from the local primary school. The setting is part of the National Day Nurseries Association (NDNA) which enables relevant and profe55ional partnership between legislation and practice. The manager will complete an Early Years Profe55ional Dcvelopmcnt Programmc with the Department for Education and Elklan Training to highlight the importance of communication friendly settings and effective learning environments. The setting has re-established a good relationship with the local collcgc whcre childrcn now attend regularly whilst parents access adult learning courses such as ESOL, Mathematics and Ic'r. There is a large take up of these spaces. FiDancial revlew Ineoming resources During the year the Kindergarten received funding of £207.470 (2023.. £211,086) from Stoke City Council which helps to fimd the nursery and allow it to provide affordable childcare. The other source of income in the year was childcare incorne paid by parents, was up on last y¢aT at £133,063 (2023: £97,425). Again a significant amount was received in childcare vouchers. Resources expended The major expend1ft¢ for the Kindergarten during the year was staff wages due lo the regulations of Ofsted regarding child to staff numbers. Other major expenses in the year were purchase5 which included food and play materials and the rent. Page 3
Thomas Boughey Kindergarten and Child Care Ltd Report of the Trustees for the Year Ended 31st July 2024 Financial review Reseryes pollcy The trustees have established a policy whereby the unrestricted funds not committcd ur invested in tangible fixed assets, which arc the free res¢rv¢s of the charity. should b¢ bctween three and six months of general (unrestricted) operating costs and the trustees consider that this policy provides sulTicient funds to cover management, support and administration costs to be able to continue the activities of the charity in event of a significant drop in funding, or business inremiption. The free reserves as at 31 st July 2024 of £61,224 (2023: £55.825) are not within the above policy. The trustees are constantly reviewing these reserves to try and increase them. Investment Policy The investment policy adopted by the trustees is to maintain a high standard of the asscts of the company and implement a programme of continual development to optimise their use in line wilh the charity's objectives. Future plans Activity Provision Maintaining the delivery of high-quality ¢hildcare is a key objective and maintaining provision for children which is outstanding is a priority. The 2023/2024 business plan recognises the importancc of maintaining our provision at the highest level practicable. Provision of before and after school care for children at St Mark's CE (A) Primary school now includes ages 6-1 l years, this is growing slowly and remains on the Thomas Boughey Kindergarten sicc. The kindergarten management board in cooperation with statTwould like, over th¢ coming year to achieve Time to Talk training so that all staff can support chilthen's language development at all levels. To continue working together with the local schools and to help children to be school ready we would like to achieve a seamless approach in securing children and practitioncr's knowledge in phonics. The kindergarten have a focus on the community and outdoors, and also str¢ngth¢ning links with other settings, this provides opportunities, for the practitioners to see new and innovativc praclicc. Management will further develop overall practioe using a variety of monitoring systems including peer observations. This will ensure that the setting and the practitioners are continually challenging each other to ensur¢ consistently high standards. Monagement will use the NDNA membership to source appropriate training for staff to further develop thetr knowledge and understanding of effective learning environments. Significant events since the year end There have not been any significant events since the year end. The trustees are always striving to ensure that the kindergarten enhances the education of children below statutory school age in and around the Stoke On Trent area Structure* governance and management Governing document The charlty is controlled by its governing documcnt, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and training of trustees. The companls elected trustees are appointed at the Annual Meeling of the Ti-ust on the basis of nominations received. These nominations are based on th¢ Company's Specification concerning cligibility. pcrsonal competence, specialist skills and local availability- Any newly elected trustees will be inducted into the workings of the company including policy and operational procedures. Any training identified for trustees will be provided as and when ftmdiug available. Page 4
Thomas Boughey Kindergarten and Child Care Ltd Report of the Trustees for the Year Ended 31st July 2024 Struetur& governance and management Organisational management The directors and appOintee1ected trustees of the company are legally responsible for the overall management and control of the company. The members of the board meet on a minimum of four occasions per year to cany out the management of the company including the implementation of most of the policies. One additional meeting is held specifically to approve the budgets and finalise the financial accounts and trustees report for approval by the annual meeting of the board of trustees. The board works under the chairn)anship of the chair of the company. The board has adopted the code of governance published by the National Governance Hub as a means of building goven)an¢e capacity and skills. The day to day running of th¢ company is delegated to the nursery manager, The directors along with the nursery manag¢r report to the board at their quarterly meeting5. Reference And administratlve detalls Company Registration Number 06955717 Registered Charity Number 1139442 Registered Office Coll¢gc Road Stoke on Trent Staffordshire ST4 2DQ Trustees (also Directors) L.Jones J.Thomp50n E.Mass¢y M.Johnslone Company Secretary L.Jone5 Accountants Hardings Chartered Accountants 6 Marsh Parade Newcastle under Lyme Staffordshire ST5 IDU Bankers Natwest Bank PLC Hanley Branch l Upper Market Street Stoke on Trent STI IQA Approved by order of the board of trustees on 17th April 2025 and signed on its behalf by,. Mrs L Jones - Trustee Page 5
Independent Examlner's Report to the Trustees of Thomas Boughey Kindergarten and Child C8re Ltd Independent examiner's report to Ihe trustees of Thomas Boughey Kindergarten and Child Care Ltd ('the Compgny,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 st July 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Aci 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not rcquired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as caTried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying uut my cxaminiltion I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your cxaminer must be a member of a listed body. I can confirni that I am qualified to undertake the examination because l am a rncmber of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe,, accounting re¢ord5 were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records; or the account5 do not comply with the accounting requirernents of Section 396 of thc 2006 Act other than any requirement that the accounts give a true and fair view which is not & mtitter CL)nsidered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicdble to charities preparing their accounts in accordance with the Financial Reporting Standard applTcable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other be drawn in this report in order to enable a pr Ilci's iii connection with thc cxamindlion to which attention should uiidcrslanding of the accounts to be rcachcd. nstitute of Chartered Accountants in England and Wales Hardings Chartered Accountants 6 Marsh Parade NewcastIe-under-Lne Staffordshire ST5 IDU 17th April 2025 Pa8¢ 6
Thomas Boughey Klndergarten and Child Care Ltd Statement of Flnancial Activltles for the Year Ended 31st July 2024 31n124 Unrestricted nd 31nn3 Total funds Notes Income and endowments fro Charitable activltlej 340,533 308,511 Other income Total 340,540 308,513 Expendlture on Charltable activitle$ Nursery 335,141 294,575 NET INCOME 5,399 13,938 Reconelllatlon of fund$ Total funds brought forward 55,825 41,887 Totsl funds carrled fonvgrd 61,224 55,825 The notes forni part of these fllwicial statements pe7
Thomas Boughey Kindergarten and Child Care Ltd Balance Sheet 31st July 2024 31nn4 Unrestricted fund 3117123 Total funds Notes Flxed assets Tangible assets 42[ 1,072 Current assets Prepayments and accrued income Cash at bank and in hand 1,573 61,048 708 55,219 62,621 55.927 Credltors Amounts falling due within one year (1,818) (1,174) Net current assets 60,803 54,753 Total assets less current Ilabilities 61,224 55,825 NET ASSETS 61,224 55,825 Funds Unrestrictcd fund5 61,224 55,825 Total funds 61,224 55,825 The charitable company is entitled to exemption from audit under Section 477 of thc Companies Act 2006 for the year ¢nded 3 1st July 2024. The members have not required the company to obtain an audit of its financial 5tat¢ments for the year ended 3 1st July 2024 in a¢¢ordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that romply with Se¢tion$ 386 and 387 of the Companies A¢t 2006 and preparing financial statem¢nt5 which give a truc and fair view of the state of affairs of the charitable cornpany as at the end of each fLnancial year and of its surplus or deficit for each financial year in accordance with the requirement5 Of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statement5, so far as applicable to the charitable company. (b) These financial statements have been prepared An accoTdanc¢ with the provisions applicable to charitable companies subject to the small companies regime. The fmancial statements were approved by the Board of Trustees and authorised for issue on 17th April 2025 and were signed on its behalf by,. L Jones- Trustee The notes forn part of these financial statements Pae 8
Thomas Boughey Kindergarten and Child Care Ltd Notes to the Finanelal Ststements for the Year Ended 31st July 2024 Accounting policies Basis of preparing the financial ststements The fmancial statements of the charltable company, which is a public benefit enlity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Stafrment of Recommended Practice applicable to charities preparing their accounl's in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicablc in the UK and Republic of Ireland, and th¢ Companies Act 2006. The financial statem¢nts have bcen prepared under the historical cost conventlOD. Ineome All income is recognised in the Statement of financial Activiti¢s once the charity has entitlement to the fvnds, it is probable that the income will b¢ received and thc amount can be mcasurcd reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditrjre, it is probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. 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 con515tent with the use of resources. Tangffible flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated use1 life. Taxatlon The charity is exempt from corporation tax on its charitable activiti¢s. Fund aeeounting Unrestricted funds can be used in accordance with the charitable objective5 at the discretion of the trustees. Restricted funds can only be used for particular restrictcd purpose5 Within Ihe objccts of the charity. Restrictions arlse when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is included in the notes to the financial statements, HSre purehA$e and leaslng commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis ov¢r the period of the l¢ase. Penslon costs and other post-retlr¢ment benefjts The charitable company operates a defined contribution pcn5ion scheme. Contributions payable to the charitable ompany's pension scheme are charged to the Statement of financial Activities in ihe period to which they relate. Page 9 continued...
Thomas Boughey Kindergarten and Child Care Ltd Notes to the Financial Statements- continued for the Year Ended 31st July 2024 Net ineomel(expenditure) Net income/(expenditure) is stated after charging/(cr¢diting): 3117124 31nll3 Depreciation - owned assets Hire of plant and machinery 651 523 652 1,217 Trustees, remuneration and benefits Ther¢ were no trustees, remuneration or other benefits for the year cndcd 3 Isi July 2024 nor for the year ended 3 1st July 2023. Trustees, expen9¢5 There were no trustees, expenses paid for the year ended 31 st July 2024 nor for the year ended 31 st July 2023. Staff costs The average monthly number of employees during th¢ year was as follows.. 31n124 20 3117123 17 Staff No employees received emoluments ID excess of £60,000. Comparatlves for the statement of financial aetivltlcs Unrestricted fund Income and endowments from Charitable et]VAtieS Nursery 308,511 Other income Total 308,513 Expenditure on CharltAble Activlties Nursery 294,575 NET INCOME 13,938 Reconcillation of funds Total funds brought fonvard 41,887 Total funds carried forward 55,825 Page 10 continiied.
Thomas Boughey Kindergarten and Child Care Ltd Notes to the Flnancial Statements - conlinued for the Year Ended 31st July 2024 Tangible fixed assets Fixtures aDd rittings Cost At 1st August 2023 and 3 1st July 2024 25,027 Depreciatlon At 1st August 2023 Charge for year 23,955 651 At 31st July 2024 24,606 Net book v&lue At 3 1st July 2024 421 At 31 st July 2023 1,072 Creditors.. amounts falling due wlthln one year 3117124 3117123 Other creditors Accruals and deferred incorne 817 I,ooi 173 I,ooi 1,818 1,174 Movement in funds Net movement In funds At 31nn4 At 118123 Unrestricted funds General fund 55,825 5,399 61,224 TOTAL FUiYDS 55,825 5,399 61,224 Net movement in fijnds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 340,540 (335,141) 5,399 TOTAL FUNDS 340,540 (335,141) 5,399 Page 11 continued...
Thomas Boughey Kindergarten and Child Care Ltd Notes to the Financial Statements - continued for the Year Ended 31st July 2024 Movement in funds - eontinued Comparatives for movement in funds Net movement in funds At 3117123 At 118122 Unrestricted funds General fund 41,887 13,938 55,825 TOTAL FUNDS 41.887 13,938 55,825 Comparative net movernent in rtd$, included in the above are as follows.. Ineoming resources Resources expended Movement In funds Unrestrlcted funds General fund 308,513 (294,575) 13,938 TOTAL FUNDS 308,513 (294,575) 13,938 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 3117n4 At 118ll2 Unrestrlcted funds General nd 41,887 19,337 61,224 TOTAL FUNDS 41,887 19,337 61,224 A current year 12 month5 and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resourccs Rcsources expended Movement In fund5 Unrestricted funds Gen¢ral fjjnd 649,053 (629,716) 19,337 TOTAL FUNDS 649,053 (629,716) 19,337 Page 12 continued...
Thomas Boughey Kindergarten and Child Care Ltd Notes to the Finanelpdl Statements- continued for the Year Ended 31st July 2024 Related party disclosures There were DO related paty transactions for the year ended 31 st July 2024. Page 13
Thomas Boughey Klndergarten and Child Care Ltd Detailed Statement of Financial Activities for the Year Ended 31st July 2024 31nn4 31nn3 Income and endowments Charitable activities Nursery Fees Grants 133,063 207,470 97,425 211,086 340,533 308,511 Other Income Interest Received Totsl In¢omlng resources 340,540 308,513 Expenditure Charitable actlvltles Wages Social security Pensions Operating Lease Payments Insurance Telephone Postage and slationery Sundries Agency Costs Purchases IT Software Cleaning Staff Training Ofsted Report Bank Charg¢s Rent Repairs & Renewals 250,497 8,238 5,050 523 1,418 1,059 469 1,044 936 23,994 1,796 605 1,060 65 384 27,174 703 213,133 4,119 3,211 1,217 1,388 1,064 52 409 1,844 28,856 291 578 1,270 35 469 24,932 1,835 325,015 284,703 Support costs Governanee eo$tS A¢countancy fees Legal fees Depreciation of tangible fixed assets 2,100 7,374 652 1,998 7,222 652 10,126 9,872 Total resources expended 335,141 294,575 Net income 5,399 13,938 This page does not forn] part" of the statutory financial statemenls Page 14