REGISTERED COMPANY NUMBER: Q7031461 (England and Wale5) REGISTERED CHARITY NUMBER: 1143035 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL SfATEmETS FOR THE YEAR ENDED 31 AUGUST 2022 FOR KEON EARLY BIRDS Illlllllll 'K3UUWL' IW0512023 CC*APANIES FIOUSE A16 Hackett Griffey LLP Chartered Certified Accountants 31 High Street Haverhill Suffolk CB9 8AD
KErroN EARLY BIRDS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUCUST 2022 Page .Reference and Adminisirative Details Report of the Trustees Indeptndent Ex¥Jminer's R¢port Stat¢m¢n¢ of FinaD¢i#l Aetivities Statement of Fin¥JTrcil P051tio Notes to the Financial SttemeAts Detailed Statement of Finan¢i*l A¢livilies 12 w 13
KEON EARLY BIRDS REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR END£D31 AUGUST 2022 TRUSTEES Dr Z Palmer G COvinOn E Sievenson C A LAivcday R Elding A Rule A BrcK)ker {resigned 24.5.2022> K Butler K Tunstall K Miller (appointed 24.5.2022) K E Bell (appointed 24.5.2022) E Harrison (appoinied 24.5.2022) R L Stringer (appointed 24.5.2022) COMPANY SECRETAR Y K Miller REGISTERED OFFICE Church Walk Kedington Haverhill Suffolk CB9 7QZ REGISTERED COMPANY NUMBER 07031461 (Engla1 and Wales) REGISTERED CHARITY NUMBER 1143035 INDEPENDEr EXAMINER Hackett Griffey LLP Chartered Certified AoUn1ants 31 High Street Haverhill Suffolk CB9 8AD Page I
KETTON EARLY BIRDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022 The fTusiees who ar¢ also dir¢ctors of ihe charity for the prSe9 of the Companies Aci 2006. pres¢ni iheir report with the fJnan£ial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststemeni of Recommended Practice applicable to charities preparing their accounts in accordante with the Financial ertIng Stsndard applicable in the UK and Republic of IT¢land (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIFS Objectives and aims The charitys objective is to enhance the development and education of children under ststutory school age for the benefit of the community. The tru5t¢¢5 have coniplied with th¢ duty in Section 17 of the 201 I Charities Aci with regard io the public benefii r¢quirem¢ni. ACHIEVEMENf AND PERFORMANCE Charitable activiti The chuitable activity of the company is the operation of a pre school in accordance with the objective. FINANCIAL REVIEW Prineipal fundirtg 50urtes The principal funding sources for the charity are by way of ftts rendered and lo¢al authority grt5. Reserves policy The fijnds of the charity are applied in furtherance of iv5 objeaives and aim$. It LS the policy of ihe charity io. maintsin unrestricted nds, which are the free reserves of the charity. ai a level to provide sufficieni fijnds io cover remporary timing differences in grani claims and io cover moderaie shonfalb. STRUCTURE. GOVERNANCE AND MANAGEMENT Coverning document The charity is conirolled by its governing documenl a deed of tru#, and consiiruies a limited cornpany, limited by guaTantee. as defined by the Companies Ad 2006. Reeruitment and appointmeni of new Irustees The director5 of the company are also charity trustees for ihe purposes of charity law. The recnjitment and appointment of new tru51ees are in accordance wilh the constitution of the chariry and re-elxled at the Annual Generdl Meeting. Approved by order of rhe board of Inte¢S on . Il..Th.F&.i.3oJ?...... and signe41 on irs behalf by.. ecretary Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KETTON EARLY BIRDS Independent examiner's report to the trust¢¢s of Ketton Early Bird5 {'the Company.) I report ¢0 the ¢harity mJ5tees on my examination of.Ih¢ accounts of the Cornpany for the y¢or ended 31 August 2022. R¢spon5ibilities and basis of report As ihe charity's trusiees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of ihe a¢Uts in accordance with ihe requirem¢nts of the Companies Act 2006 (the 2006 Act.). Having satisfied rny5elf lh th¢ accounts of the Company are nol r¢quired to b¢ audid under Part 16 of the 2006 Act and are eligible for independeni examination, I repon in respeci of my examination of your charity's accounts as carried out under Seciion 145 of the Charities Act 2011 ('Ihe 201 l Att?. In carying our my examination I have followed th¢ Directions given by the Charity Commission under Seciion 145(5) (b) of the 201 l Act. Independent exarniner'5 St8ternent I have completed my examination. I wifim th no matt¢rs have come to my attention in conneciion with the examination giving me cause to b¢lie¥e- accounting records were not kew in respect of rh¢ Ci)mpany as r¢quired by Section 386 of lh¢ 2006 ACL or the accounts do not accord with those records: or the accounts do not comply with the accounting requirements of Seaion 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a mauer considered as part of an independent examination" or the accounts have not been prepared in accorda]Ke with the methods and principle5 of th¢ Statement of Recornmended Practice for accounting and rep)rting by charities (applicable io charirie5 preparing their accounts in ac¢ordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concern5 and have come across rK) other rnar$ in conne¢tion with the examination ro which allention should be drawn in this report in order to enable a propel underst3nding of the accounts to be reached. Jonathan Griffey Hkett Griffey LLP Chartered Certified Accouniants 31 High Street Haverhill Suffolk CB9 8AD Date.. Page 3
KETTON EARLY BIRDS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 AUGUST2022 2022 Total nds 2021 Total funds Unrestrictrd fvnd Restricted fvnd Notes INCOME AJYD ENDOWMENTS FROM Ch&rilable actLVltie5 Oth¢r grants Fee5 Local authority grant CJRS Grants West Suffolk Council Covid 19 Busin¢s5 Grant 500 59.563 119.710 448 500 59.563 19.710 448 8,208 47,197 88.806 3,619 8,803 Orher trading aciiviiies Invesimeni income Other inwme 1,081 1,081 2,801 4.814 4.814 4,173 Total 186,127 186.127 163,615 EXPENDITURE ON Charitabl¢ attivili¢5 Operational cosrs of pre-school 185.587 185,587 165.629 NET INCOMEI(EXPENDITURE) 540 540 (2.014) RECONCILIATION OF FUNDS Total funds brought fonward 79,924 79.924 81,938 TOTAL FUNDS CARRIED FORWARD 80,464 80.464 79,924 The notes forn part of these financial statements Page 4
KEfroN EARLY BIRDS STATEMENTOF FINANCIAL POSITION 31 AUGusf2022 2022 Total funds 2021 Total funds UnrEStri¢ted fid Restricted fund Notes FIXED ASSETS Tangible 8ssets 7JOI 7,301 8,198 CURRENT ASSETS Debtors C&sh ai bank and in hand 2,036 103,076 2.036 103.076 1.969 93,939 105,112 105.112 95.908 CREDITORS Amounts falling due wiihin one year (7,116) (7,116) (5,181) NET CURRENT ASSETS 97.996 97,996 90,727 TOTAL ASSETS LESS CURRENT LIABILITIES 105,297 105,297 98,925 ACCRUALS AND DEFERRED INCOME 10 (24.833) (24.833) (19,001) NET ASSETS 80,464 80,464 79,924 Fuf4DS Unrestricted funds 80,464 79,924 TOTAL Fuf4DS 80,464 79.924 The chariiable company is entitled io exemption from audii under Section 477 of the Companies Aci 2006 for the year ended 31 August 2022. The members have not required the company to obthin an audit of its financial stsiements for the year ended 31 August 2022 in accordance with Seciiot1476 of th¢ Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thai the charirabl¢ company keeps ac¢ountin8 records that comply with Section5.386 and 387 of the Companies Act 2006 and preparing financial ststements which giv¢ a true and fair view of the of affairs of the charitsbl¢ company as at th¢ end of each financial y¢ar and of lis surplus or deficil for each financial year in accordallce with the r¢quirements of Sections 394 and 395 and which otherwise comply with ihe requiremenrs of ihe Companies Act 2006 relating 10 financial staiemeni4 so far as applicable to the charitsble company_ (b) The notes form part of these financial Stsiemenls P•ge 5
KETTON EARLY BIRDS STATEMENT OF FINANCIAL POSITION- continued 31 AUGUST 21122 These financial statemenls have been prepared in accordance with the provision5 applicabl¢ to charitable companbes Subject to the small companbe5 regime. The financial statements were approved by ihe Board of Tru$t¢es and authorised for issue .fTrR..kn........ and were signed on its behalf by: on Z Paltner- Trustec The notes forni part of the5¢ financial sraiemenÈS P#g¢ 6
KEON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 Aucusf 2022 ACCOUNTING POLICIES Ba515 ofprtparinE the finaocial statements The financial ststements of the charitable company. which is a public benefii eniiry under FRS 102, have been prepared in accordance wilh ihe Charities SORP (FRS 102) 'Accounting and Reponing by Charities.. Siaiement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland IFRS 102) (effective l January 2019),. Financial R¢porfing Standard 102 The Financial ReEX)rting Standard applicable in the UK and Republic of Ireland, and the Cornpanies Act 2006. The financial siatemEnts have been prepared under the historical c051 convention. ID¢ome All income is recognised in the Ststemeni of Financial Aciivitio once the charity has entitlement to the funds, it 15 probable ihai the income will be received and ihe amount tan be me&5ured reliably. Expenditure Liabilities are recognised Is expendire as soon as ihere is a legal or wn$tNctive obligation committing the charity to thai expenditure. il is probable ihai a iransfer of economic benef) will be required in senlemenl and the amount of the obligaiion can be measured r¢li¥bly. Expenditure is accounted for on an accruals basis and ha5 been classified under headings ihai aggregate all ¢osi related io the caiegory. Where costs cannot be directly attributed to particular headings they have been ¥llocawl to ¥tivitie5 on a ba8is consisienr wilh rhe use of resources. Tangible fixed #ssets D¢preciaiion is Provided at the following annual rates in order io write off each L%sei over its estimaied usefvl Improvements to property ai varying rates on s1 The wjlicy of ihe charity is to capiralise fixed asset expenditure gr¢ater than £1,000. T4¥ation The charity 15 exempt from corpordiion tax on its charitsble activiiies. Fund a¢eounting Unresrricied fund5 can be used in accordance with thE charithble objectives at ihe discrnion of the mLSte¢s. Restricted ndS can only be u5¢d for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricied PUTposes. Further ¢xplanation of the nawr¢ and purpDse of each fllT is included in ihe notes io the financial staiemenis. Pension costs and other post-retirement btnefits The chariiable company operates a defined contribution pension scheme. Contributions payable to the charitable company's p¢nsiort %heme are charged to the Swemeni of Fin8n¢ial A¢tiYtties in the period io which they relate. Page 7
KE01¥ EARLY BIIiDS NOTES TOTHE FINANCIAL STATEMENTS- coillined FOR THE YEAR ENDED 31 AUGUST 2022 OTHER TRADING AcfiviTIES 2022 2021 Fundraising events Other receip 54 1,027 2,679 122 1,081 2.801 INVESTMENT INCOME 2022 2021 Deposil account interest NET INCOMEI(EXPENDITURE) Nei income/(expendiDJre) is swed after char8inpJ(crediting)'. 2022 2021 Depreciation- owne(l a55ets 897 1,983 TRUSTEES, REMUNERATION AND BEP4EFIIS Trwsttts. expens¢S There were no 31 Augus12021. mistees, exp¢nses paid for the year cnded 31 August 2022 nor for the year ended STAFF COSTS Th¢ averag¢ monihly number of employees during the year was follows.. 2022 2021 15 Childcare & adminkstration No employees received emoluments in excess of £60.000. Thc avera8e number of employees includes full tirne and.part time staff. Page 8
KETTON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDEDJI AUCUST 2(122 TANGIBLE FIXED ASSETS Improvements to property COST Ai I Sepiember 2021 and 31 August 2022 23.182 DEPRECIATION Ai I September 2021 Charg¢ for year 14,984 897 At 31 August 2022 15.881 NET BOOK VALUE Ai 31 Augus(2022 7.301 At 31 Au8USt 2021 8,198 DEBTORS: AMours FALLING DUE WITHIN ONE YEAR 2022 2021 Trade debtors her debtOTS 1.688 348 1,439 530 2,036 1,969 CREDITORS: AMOUM FALLING DUE WITHIN ONE YEAR 2022 2021 Trade ¢rediiors Other creditors Accrued exp¢nses 622 2.636 3,858 1.996 3.185 7,116 10. ACCRUALS AND DEFERRED INCOME 2022 2021 Deferred gov¢rnm¢ni grants 24,833 19.001 Page 9
KErroN EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 AUGUST 2022 MOVEMENT IN FUNDS Net movemeni in fijnds At 31.8.22 At 1.9.21 Unrestrietsd funds General fund 79.924 540 80,464 TOTAL FUNDS 79,924 540 80,464 Nel mov¢menl in funds, included in the above are & follows.. Incoming resources Resources expended Mov¢rneTri in funds UDre5tricted fund$ General fund 186,127 (185,587) 540 TOTAL FUNDS 186,127 (185.587) 540 Comparative5 for movement its Nel movement in fiJnds Ai 31.8.21 At 1.9.20 Unrestricted funds General nd 81.938 (2,014) 79,924 TOTAL FUNDS 81,938 (2,014) 79,924 Comtmraiive net movement in fvnds. included in the above are a5 follows: Incoming rc50urces Resource5 expended Movement in funds Unreslricted funds General fund 163.615 (165.629) (2.014) TOTAL FUNDS 163.615 (165,629) (2.014) Pag¢ 10
KETTON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- ¢Ontined FOR THE YEAR ENDED31 AuGvsf 2022 MOVEMENT IN FUNDS-rontineII A current year 12 months and prior year 12 months combined position is as follows.. Nei rnovement in funds Ai 31.8.22 Ai 1_9_20 UnTtricted rn5. Generdl fund 81,938 (1.474) 80,464 TOTAL FUNDS 81.938 (1,474) 80,464 A currenl year 12 months prior year 12 rnonths combined movement in nds. included in the above are as follows-. Incoming resources Resources expended Movement in funds Unrestricted funds Generdl fund 349,742 (351,216) (1.474) TOTAL FUNDS 349,742 (351.216) (1,474) 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2022. Pagell