REGISTERED COMPANY NUMBER: 07031461 {England and W&les) REGISTERED CHARITY NUMBER: 1143035 REPORT OFTHE TRUSTEES AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED31 AUGUST2021 FOR KEON EARLY BIRDS Hackett Griffey LLP Chartered Certifi¢d Accountsnts 31 High Street Haverhill Suffolk C89 8AD 11 ¥AB4ERbJTrlP* 2010W2022 COMPANIES HOLISE A17
KE014 EARLY BIRDS CONTENTSOFTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Page Referenee #rtd AdmiTristrtive Deti15 Report of the Trustees Independent Exarnin¢r'5 Report Statem¢n¢ of FID8D¢i41 Activities Siatem¢nt of Financial PositlDn Notfs to th¢ Financial St*tements 7 to 11 Detailed Statement of Financial A¢livili¢s 12 to 13
KETTON EARLY BIRDS REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED31 AUGusf 2021 TRUSTEFS Dr Z Palm¢T G Covington E Stevenson L Morley (resigrKd 24.11.2020) C A Loyeday J Nichols (reSId 24.11.2020) D Hook (resign¢d 24_11.2020) H Canr (resigned 7.6.2021) R Elding A Rule A BrcKiker (appointed 24.11.2020) K Butler (appoirtted 24.11.2020) K Tunsiall {appoint¢d 24.11.2020) R Deeks (appointed 24.11.2020) (resigned 16.4.2021) K Feeks (apwjinted 24.11.2020) (resigned 13.7.2021) K MilleT (appointed 24.11.2020> (r¢$igned 12.7.2021) COMPANY SECRETARY K Miller REGISTERED OFFICE Church Walk Kedington Hav¢rhill Suffolk CB9 7QZ REGISTERED COMPANY NUMBER 07031461 (England and Wales) REGISTERED CHARITY r4UMBER 1143035 INDEPENDENT EXAMINER Hackett Griffey LLP Chartered Certified Accountsnts 3 1 High Street Haverhill Sufyolk CB9 8AD Page I
KE0 EARLY BIRDS REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 The trustees who are also direciors of ihe charity for the pUr[S of the Companies A¢t 2006. present their report wilh Ihe financial stat¢m¢nts of ihe charity for the year ended 3 l August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with lh¢ Financial Reponing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). O&JECTIVES AND ACTIVITIES Objectiwes and aims The charity's objective is to enhance the developmeni and education of children under Statutory school age for the benefit of the community. Th¢ trnstee5 have complied wilh the duty in S¢¢rion 17 of the 2011 Charities Act with regard to ihe public benefii requiremeni. ACHIEVEMENT AND PERFORMANCE Charitable aetivities The charitable activity of ihe company is the operation of a pre school in accordance with ihe objertive. FINANCIAL REVIEW Principal funding sources The principal ndIng sources for the chariry are by way of fees rend¢r¢d and local authority grnnts. Rcserves polity The funds of the charity are applied in furtherance of ivs objeclives and aiTns. It is the wlicy of the charity to maintain nrestricied funds. which are the free reserves of ihe charity. at a level to provide suffici¢nt fvnds to cover temporary liming difftrences in grani claims and to cover moder*e shortfrdlls. STRUCTURE. GOVERNANCE AND MANAGEMENT Govcrning docuTnent The chariry is controllcd by its governing document, a deed of tru. and constitut¢s a limited Company, limited by guarantee. as defined by the Cornpanies Act 2006. Recruitment and appointment of new trusttts The directors of the company are 3150 charity trusttts for the Purposes of charity law. The recruitrnent and appointment of new trustees are in accordance with the Constitution of the charity and re-elected rhe Annual General Meeting. Covid 19 The trustees have considered ¢he IMpt of Covid -19 on the Charity. They have concluded that th¢ measures and safeguards the Charity has implemented including the grant funding h&5 helped minimise the risks and uncertainties facing ihe Charity and the sector in general. Approved by order of the board of trustees on .....i..l...D..p.i.Thpa..i........ and signed on its behalf by.. ill¢r - S¢¢r¢tary Page 2
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF KETTON EARLY BIRDS Independent examiner's report to the irustees ofKettoTr Early Birds ('th¢ Company.) I report ro ihe charity iTUStees on my examination of rhe accounts of the Company for rhe year ended 31 August 2021. Responsibilities #nd b*$i$ of report As ihe charity's trustees of the Company (and also its directots for the purwses of company law) you are responsible for the preparation of ihe ac¢ounts irt accorda¢ with th¢ r¢quirements of the Companie5 Act 2006 ('the 2006 Act,). Having satisfied myself thai ihe accounis of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respeci of my examination of your charity's accounts as carried out under seclion 145 of the Charities Act 2011 (the 2011 Act). In carrying out rny examination I have follow¢d the Directions given by ihe Charity Cornmission under section 145(5) (b) of the 2011 Act. Ind¢pendent examiner's Statement I have completed my examination. I confirni that no matters have come lo my attenticffj in corfftection with the examination giving me cause to beli¢v¢.' accounting record5 were not kept in resped of the Company as requir¢d by section 386 of the 2006 Act. or th¢ a¢¢ounts do not accord with those records- or the a¢cowJts do not cornply with th¢ a¢counlin8 requirem¢nL% of section 396 of the 2006 Act other than any requiremeni that the accounts give a tTr and fair view which is not a matter consid¢red as part of an independent examinaiion: or the accounts have not been prepared in accordance with ihe methods and principles of th¢ Statement of R¢commended Practice for ac¢ounting and reporting by charities (applicable io charities preparing their accounts in accordance with ihe Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102}}. I have no ¢on¢¢rns and have come a¢rtsss no other matteTS in connection with th&examination to which all¢ntion should b¢ drawn in ihis repon in order to enable a proper und¢rstanding of the accounts to be reached. Jonathan Griffey Hackett Griffey LLP Chartered Certified Accounianis 31 High Street Haverhill Suffolk CB9 SAD Date.. Poge 3
KETTON EARLY BIRDS STATEMEwf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 2021 Total funds 2020 Toral funds Unrestricted fimd Restricted fund Notr5 INCOME AND ENDOWMENTS FROM Charitable a¢livities Oiher grants 8208 47,197 88.806 3,619 8.803 8.208 47.197 88,806 3,619 8.803 707 47.253 113.298 4,914 10,000 Local authority grdnt CJRS Grants West Suffolk Council Covid 19 Business GTani Other Irading activilies Investment income Other income 2.801 2.801 716 39 1,734 4.173 4,173 Totgl 163.615 163.615 178.661 EXPENDITURE ON Charitablt activities Operational costs of pr¢-school 165.629 165.629 163.113 NET INCOMEI(EXPENDITURE) 12.014) (2,014) 1 S.548 RECONCILIATION OF FUNDS Tot81 funds brnught forward 81.938 81.938 66,390 TOTAL FUNDS CARRIED FORWARD 79.924 79,924 81,938 The notes forni part of ihese fina101 staiem¢nts Page 4
KETTON EARL Y BIRDS STATEMENT OF FINANCIAL POSITION JI AUGUST 21121 2021 Total fvnd5 2020 Total funds Unrestricted nd Resrri¢t¢d . fw>d Notes FIXED ASSETS Tangible assers 8.198 8.198 CURRENT ASSETS Debtors Cash at bank and in hand 1.969 93,939 1,969 93,939 271 101.595 95.908 95.908 101.866 CREDITORS Amounts falling due within one year (5.181) (5.181) (7,169) NET CURRENT ASSETS 90,727 90.727 94,697 TOTAL ASSETS LESS CURRENT LIABILITIES 98.925 98,925 104,878 ACCRUALS AND DEFERRED INCOME 10 (19.INJI) {19.001) (22,940) NET ASSETS 79.924 79.924 81.938 FUNDS Unrestricted funds 79,924 81.938 TOTAL FUNDS 79,924 81,938 The charitable company is entitled to exemption from audit under Section 477 of the Cornpanies Act 2006 for the year ended 31 Augusi 2021. The members have not required the Company io obiairt Jn audit of its financial 51atements for the ye8r ¢nded 31 Augu5r 2021 in accordance with Section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for (p) ensuring that the charitable company k¢eps acc(yJnting records that comply with Sedion5 386 and 387 tsf the Companies Aci 2006 and preparing financial siatements which give a tn and fair view of the stat¢ of affairs of the charitable ¢ompany as at the end of each financial year and of its surplus or deficit for each financial year in a¢¢ordance with the requirements of Sections 394 and 395 and which othetwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable io the charitable ¢ompany_ (b) The notes fom part of these financial staiemenis Page 5
KETTON EARLY BIRDS srATEMENTOF FINAJ4CIAL POSITION- continued 31 AUGUST 2021 These financial statements have been prepared in accordance with the provision$ applicable lo charitable companies subje¢t to the small companies regime. Th¢ financial statements were approved by the Board of Trust¢e5 and authorised for issue - artd were signed on ILS behalf by- on C A vedaY- Trust¢¢ Z Palmer- Trustee The noies fomi part of these financial sts¢em¢nts Page 6
KETTON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statem¢nts of the charitabl¢ company, which is a publi¢ benefit entity under FRS 102, hav¢ been prepar¢d in a¢¢ordance with the Chariries SORP IFRS 102) 'AccouDling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republi¢ of Ireland (FRS 102) (eff¢¢tiv¢ l January 20191,, Financial Reporting Standard 102 The Financial Reponing Standard appli¢abl¢ in the UK and Republic of Ir¢land' and ihe Companies Act 2006. The financial sratements have been prepared under the hist(Trrical cosl convention. Income All income is recognised in the Statement of Financial Aciiviiies once ihe charity ha5 entitlement to the funds, it is probable thai the income will be re¢¢ived and the amount Can be measured reliably. Expenditure Liabilities are recogrtrsed as expendrture &% as there is a kgal or constructive obligation committing the charity to that expenditure, it is probabl¢ that a transfer of economic benefits will be required in settlemenl and the amount of the obligation be measured r¢liabty. Expenditure is accounted for on an accrua15 basis and has en classified under headings that aggregate all com related to th¢ caregory. Where costs canrtoi be directly attribuied to particular headings they have been alloc*ed to activities on a basis ¢onsi5tent wih ihe use of resources. Tangible fExed assets Depreciation is provided at the following annual rates in order to lte off each asset over its estimated useful Improvements to property ai varying rates on cost The plicy of ihe charity hs io P]lise fixed asset expendittwe greater than £l.000. Taxation The charity is exempi from co4)oratbon tax on its ¢hJritable aclivi¢i¢s. Fund accounting Unresrricted funds can be used in accordance with the charithbl¢ objeciiv¢s at th¢ discr¢tion of ihe mistees. Restricted funds can only be used for particular restricted purposes within the objKts of th¢ ¢harity. R¢stric(ions arise when Specified by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nawre and purpose of each fund is included in the notes to the financial slat¢meThts. Pension c0515 ¥nd other p05t-retiremeni benefits The charitable company operaies a defined contribution pension scheme. Contributions payable ro the charitable companys pension scheme are charged to the Stsiement of Financial Aciivitie5 in the period to which ihey relate. Page 7
KETfoN EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2021 OTHER TRADING ACTIVITIES 2021 2020 Fundraising events (hher receipts 2.679 122 544 172 2.801 716 INVESTMENT INCOME 2021 2020 Deposit accouni interest 39 NET INCOMEI(EXPENDITURE) intomel{expenditure) is stated after chargin[CreditIng)'. 2021 2020 Deprecialion - owned assets 1.983 2,136 TRUSTEES, REMUNERATION AND BENEFITS Trustees. expenses There were no 31 August 2020. misrees. eXF£nses paid for the year ended 31 Au8USt 2021 nor for the year ended STAFF COSTS The average monihly number of employees during the year was as follows". 2021 15 2020 Childcare & adrninistratio No employees received emoluments in excess of £60.000. The avetage number of employees iludeS full tim¢ and part time staff. Page 8
KETTON EARLY BtRDS NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED31 AUGUST 2021 TANGIBLE FIXED ASSETS Improvements io property COST At I September 2020 and 31 August 2021 23,182 DEPRECIATior4 At I Sepiember 2020 Charge for year 13.001 1,983 At 31 August 2021 14,984 NET BOOK VALUE At 31 August 2021 8.198 At 31 August 2020 DEBTORS: AMOUJ¥TS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade debtors heT debtors 1.439 530 271 1.969 271 CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2021 2020 Trade creditors Other creditors Accrued expen5¢S 228 4,581 2.360 1,996 3.185 5,181 7,169 ACCRUALS AND DEFERRED INCOME 2021 2020 Deferred government grants 19.001 22,940 Page 9
KEON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED31 AUGUST 2021 MOVEMENT IN FUNDS Net movement in fvnd5 At 31.8.21 Al 1.9.20 Unre5tritted fuDds General fund 81.938 (2,014) 79,924 TOTAL FUNDS 81,938 (2,014) 79.924 Nei movement in nds. included in ihe above are as follows- Incoming r¢sources Resources ¢xpended Movement in funds Unrestricted funds General nd 163.615 (165.629) (2,014) TOTAL Fuf4DS 163.615 (165.629) (2,014) Cornp8ratives for movement in fndS Net movement in fvnds At 31.820 Ai 1.9.19 Unrestricted funds General fund 66.390 15.548 81,938 . TOTAL FUNDS 66.390 15.548 81.938 Comparative nel movement in fund5. included in ihe aiK>ve are as follows.. lrt¢oming resources Resources ¢xpended Movement in fiJnds Unr¢stricted funds Genernl fund 178,661 {163,113) 15,548 TOTAL FUNDS 178,661 (163,113) 15.548 Page 10
KETTON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2021 MOVEMENT IN FUNDS- coThlinued A currenl year 12 month5 and prior year 12 months Combined rAisilion is as follow5: Net movement in fijnds Al 31.8.21 At 1.9.19 Uttrestricted futtds Generdl fund 66,390 13.534 79,924 TOTAL FUNDS 66,390 13.534 79,924 A CUTTent year 12 rnonth5 and prior year 12 months ¢ombined nd movement in funds. included in lh¢ abov¢ are as follows.. Incoming resour Resourc¢s expended Movement in fund5 Unrcstricled fund$ General fund 342,276 (328.742) 13,534 TOTAL FUNDS 342.276 (328.742) 13,534 12. RELATED PARTY DISCLOSURES Th¢rt were no related party transactions for the year ended 31 August 2021. Pagell