RECISTERED COMPANY NUMBER: 07031461 (England and Walcs) REGISTERED CHARITY NUMBER.. 114303$ REPORTOFTHE TRUSTEES AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 FOR KErroN EARLY BIRDS Hackett Griffey LLP Chartered Certified Accounwits 31 High Str¢¢t Haverhill Suffolk CB9 8AD *A035Z608' 2410512024 COMPANIES HCIJSE
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KEON EARLY BIRDS CONTENTS OF THE FIJYANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Page Rtference and Administrative Deti15 Report of the Trustees Independ¢nt ExarniTher's Report Stsiemen¢ of Finxneil Aetivities St8iement of Fin*nci•l Posltion Notu to the Financial St#iemttsts Detsiled Statement of Finaneial Activities 12 to 13
KEThON EARLY BIRDS REFERENCE AND ADMINISTRATIVE DETAII FOR THE YEAR ENDED 3A AUGUST 2023 TRUSTEES Dr Z Palmer (resigned 14.6.2023) G CovingLon E Sievenson Mrs C A Loveday (trsigned 14.6.2023) R Elding K Butler K Tunstsll K Miller KEBell E Harri50n R L Stringer K Jone5 (appointed 14.6.2023) D V Player (appoinied 25.1.2024) COMPANY SECRETARY K Miller KEGIS'I'EKED OFFICE . Church Walk Kedington Havethill Suffolk CB9 7QZ REGISTERED COMPANY UMBER 07031461 (England and Wales) REGISTERED CHARITY NUMBER 1143035 INDEPENDENT EXAMINER Hackett Griffey LLP Chanered Certified Ac¢¢)untants 31 High Street Haverhill Suffolk CB9 8AD Pag¢ I
KETTON EARLY BIRDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 The irustee5 who are also diredors of the charity for the purposes of the Companies Act 2006. present their report wilh thE financial Statements of the charity for Ihe year ended 31 August 2023. The trustee5 have adopted th¢ provisions of Accounting and Reporting by Charitie5'. StsteTnent of Recommended Prnctice applicable to charities preparing their accounts in accordance with the Financial R¢Fthing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). 0EcTIVEs AND AcfiviTIES Objectives and airn$ The charity's objective is to enhance th¢ d¢v¢loprnent and education of children under StatOry School age for the benefit of the communiry. The trusiees have compli¢d with thc duty in se10n 17 of the 201 I Charities Act wtth regard to the public benefit requirement. ACHIEVEMENT AND PERFORMANCE Charitable activities The charitable #¢tivity of the company is the operation of a pre school in accordance with ihe obj¢¢tiv¢. FINANCIAL REVIEW Prin¢ipal funding $ource5 The principal funding sour¢e5 for the charity are by way of fees rend¢red and local auihortty grants. Rcserv¢s policy 'rhe funds of ihe charity are applied in fvrtherance of iys objectives and aim5. It is the p)licy of the charity to maintain unrestricted funds, which are ihe free re5eTV¢S of the charity, at a level to provide sufficient funds to cover temporary liming differences in grant claims and io cover Modera shortfalls. STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing document The charity is controll¢d by its governing d¢xument. a deed of and consiittlle5 a limited cornpany. limited by 8uarantec, as defined by the Companie5 Act 2. Rceruitment and appointrneD¢ of new trustees The directors of the company are also charity trustees for the purposes of charity law. The recnjitment and appointment of new trustees are in accordance with the ciTrnstitution of the charity and re-elected at the Annual General Meeting. ?d signed on its behalf by: Approved by order of lh¢ board of irusttts on.. . K Mill¢r- Secretary Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KEON EARLY BIRDS lrtdependent exarniner'5 report to the trusttts of K¢tton Early Birds {'th¢ Company.) I rew)rt io the charity trusiees on my examination of the accounts of ihe Company for the year ¢nded 31 August 2023. Re5ponstbilities and ba$is of report As the charity's Irusiees of the Company (and a150 its directors for the purposes of company law) you are responsible for the Preparation of the accounts in accordance with ihe requirements of th¢ Companies Act 2006 Cthe 2006 Aci.). Having satisfied myself that the accounts of the Company are not required io be audiied under Part 16 of the 2006 Act and are eligible for indepcndeni examination. I report in r¢5p¢cI of my examination of your charity's account5 as carried our under Section 145 of the Charities Aci 2011 (the 2011 Acf). In carrying oui my examination I have followed the Directions given by ihe Charity CoTnmission under Section 145(5) (b) of the 2011 Aci. Independent eyJminer'5 statement I have completed my examination. I confinn that no matters have come to my attention in connection wilh the ¢xamination giving me cause believe.. atcounting records were noi kepr in respKi of th¢ Company as required by Seaion 386 of the 2006 Act; or the accounts do nor accord wth those records- OT the accounts do not comply with the accouniing requirements of Se£tion 396 of the 2006 Act other Lhan any requirement that the accounts give a tru¢ aThJ fair view }ch is not a matter considered as pan of an independ¢nt examination. or the accounts have not been prepared in accordance with the rnethods and principle5 of th¢ Statement of Recommended Practice for accountin8 and reporting by charitie5 (applicable to Charities prepartng their accounts in accordance wilh ihe Financial Reponing Standard applicable in the UK and Republic of Ireland (FRS 102)>. I have no concerns and have ttcn)ss no other mallers in conne10 with the examinaiion io which attention should be drawn in this report in order to enabl¢ a proper understanding of ih¢ accounts to be reached. Jonathan Griffty Hackett Griffey LLP Chartered Certified A¢wuntants 31 High Street Haverhill Suffolk CB9 8AD Date.. Page 3
KETTON EARLY BIRDS STATEMEf4T OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED31 AUGUST 2023 2023 Total fijnds 2022 Total funds Unrestricted fijnd Restricted fund Notes INCOME AND ENDOWMENTS FROM Ch4ritable activilie$ Other granis Fees Local authority grnnt CJRS Glants 500 59.563 119,710 448 80.908 91.720 80.908 91.720 Other trading aciiviiies Investment income Other income 2,297 359 5,382 2,297 359 5,382 1.081 4.814 Total 180,666 180.666 186,127 EXPENDITURE ON Charitsble 8etivitiCS Op¢ryJtional costs of pre-school 201.548 201,548 185.587 NET INCOMEI(EXPENDITURE) (20.882) (20,882) 540 RECONCILIATION OF FUNDS To1 funds brought forward 80.464 80.464 79,924 TOTAL FUNDS CARRIED FORWARD 59.582 59,582 80.464 . The no*$ fomi pan of thes¢ financial staiements Page 4
KETTON EARLY BIRDS STATEMENT OF FINANCIAL POSITION 31 AUGUST 2023 2023 Totsl fund5 2022 Toial fund5 Unrestriaed fund R¢5tricted fund Notes FIXED ASSETS Tangtble a55ets 13.149 13.149 7,30 CURRENT ASSETS D¢btors Cash at bank and in hand 3.514 48.356 3,514 48,356 2,036 103.076 51.870 51.870 105,112 CREDITORS Arnounts falling due within one year (5.437) (5,437) (7,116) NET CURRENT ASSETS 46.433 46,433 97,996 TOTAL ASSETS LESS CURRE]4T LIABILITIES 59.582 59.582 105,297 ACCRUALS AND DEFERRED INCOME 10 124.833} NET ASSETS 59.582 59.582 80,464 FUNDS Unresiricred fwids 59,582 80.464 TOTAL FUNDS 59.582 80,464 The chariiable company is eniitled to ex¢mplion from audii under SKtion 477 of the Companies Act 2006 for ihe year ended 31 August 2023. The members have not required the company to obtsin an audit of ILS financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006. Thr rrusiees acknowledge their responsibilities for (a) ensuring thai the chorirablc cornpany keeps accounting records thai comply with Sections 386 and 387 of th¢ Companics Act 2006 and preparing financial statements which give a true and fair view of th¢ state of affabrs of the charilable company as at the end of each fjnancial year and of its surplus or defici( for each financial year in accordance with the r¢quiremenis of Seciions 394 and 395 and which oiherwise comply with the requirements of the Companies Act 2006 relalillg to financial stsiements, so far as applicable io ihe charitable company. (b) The notes form part of these financial staternents Page 5
KEON EARLY BIRDS STATEMENT OF FINANCIAL POSITION - contiThu¢d 31 AUGUST 2023 These financial statements have been prepared in accordano with the provisions applicable to ¢hariTable companies 5ubje¢t to th¢ 5rnall companies re8ime. The financial statements were approved by the Board of Trustees and auihorised for issue ..li...Mplb .l¢J•*.. and w¢r¢ signed on its behalf by: on Tnjstee Trusiee E6CCAH S i Qi NJ Gie The notes forrn part of these fjnancial statements Page 6
KETTON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES B2515 of preparing the financial st¥t¢ments The finoncial statements of the charitable Company. which is a public knefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102)'Accounting and Reportin8 by Charities." Statemenr of Recommended Practice oppliuble to charities preparing iheir accounts in accordance with the Financial R¢porting Standard applicable in ihe UK and Republic of Ircland (FRS 102) (effective l January 2019}', Financial Reponing Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements hav¢ been prepared under the historical cost convention. Income All income 15 recognised in the Statem¢nt of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Exptndit¥re Liabilities are recognised as expenditure a5 soon &5 there is a legal or constructivt obligation committing the charity to that ¢xp¢nditure, it is probable that a transfer of econoTlliC benefits will be required in settlement and Ihe amouni of (he obligatson can be measured reliably. Expendityre is accounted for on an accrua15 basis and has beeTb classified under headings thai aggregate all cosi related io the ¢at¢gory. Where costs Cannoi be directly ltribuicil to A]CUlar headifi8> lliey liav¢ iywi dllo¢died 10 aerlvliies on a basis )nsiSteI with the use or resources. Tangible fixed a55ets Depreciation is provided at the following annual rates in order io wriie off each as5ei over its estimated useful life. Improvements to property ai varying rdtes (x] tosi The policy of Ihe charity is to capilalise fixed assef expendinlre greater than £l,(KK). Taxation The eharity is exempt from corporation tsx on its charitsbl¢ adivities. Fund a¢counting Unrestricted funds can b¢ used in accordance with the charitable objective5 at the discretion of the tnjstees. Restricied funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds ar¢ raised for particular restricted pur5x)ses. Further explanation of the nature and purpose of each fund is included in the notes to the flnancial statements. Pension eosts and othcr PO$t-rttlrement benefits The charitable company operdies a defined contribution pensi< scheme. Contributions payable to rhe charitable compan5 pension scheme are charged to the Staiemeni of Financial Actiyities in the period to which they relate. ge7
KETTON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUCUST 2023 OTHER TRADING AcfiviTIES 2023 2022 Fundraising even Oihcr receipis 1,948 349 54 1,027 2,297 1.081 INVESTMENT INCOME 2023 2022 Deposit accouni inierest 359 NET INCOMEI(EXPENDITURE) Net incomeJ(expenditure) is sthied after chargingl(crediting)'. 2023 2022 Depr¢ciation - owned 18sets ,527 897 TRusfEES' REMUNERATION AND BENEFITS Trustees, expenses There were no trustees. expenses paid for th¢ year ended 31 August 2023 nor for the year ended J l August 2022. STAFF COSTS The average monthly number of employees during the year was &% follows". 2023 15 2022 Childcare & admirtistraiion No employees received emolurnenL% in excess of £60.OLXI. The averag¢ number of employees includes fijll tim¢ and part time sthff. Page 8
KEThON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2023 TANGIBLE FIXED ASSETS Improvement5 io property COST At I September 2022 Additions 23.182 7,375 At 31 August 2023 30,557 DEPRECIATION Al I September 2022 Charge for year 15,881 1,527 At 31 August 2023 17.408 NET BOOK VALUE At 31 August 2023 13,149 At 31 Augusi 2022 7,301 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtor5 1,669 1,845 1.688 348 3.514 2.036 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Other creditors Accrued expenses 537 2,500 2,400 622 2.636 3,858 5.437 7,116 io. ACCRUALS AND DEFERRED INCOME 2023 2022 D¢f¢rred government grants 24,833 Page 9
KEON EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- contlDued FOR THE YEAR ENDED31 AUGUST 2023 MOVEMENT IN FUNDS Net movemeni in funds At 31.8.23 At 1.9.22 UDr¢strieted funds General fund 80.464 120,882) 59,582 TOTAL FUNDS 80.464 (20,882) 59,582 Net rnovement in funds, included in the ai*)ve are as follow$-. Incorning resources Resources xpended Movemeni in funds Unrcstrictcd fund5 General fund 180.666 (201.548) (20,882) TOTAL FUNDS 180,666 (201,548) (20,882) Cornpar4liYe5 for rnovtmtnt in funds Net movement in ndS At 31.8.22 At 1.9.21 Unrestricted funds General fund 79.924 540 80,464 TOTAL FUNDS 79,924 540 80.464 Comparative net movement in funds, included in the aiM)ve are &% ftlllows: Iorning resources Resources expended Movement in fvnds Unr¢5tricted fund5 General fijnd 186.127 (185.587) 540 TOTAL FUNDS 186,127 (185.587) 540 Page 10
KErroN EARLY BIRDS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2023 MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 rnonths combined posiiion is as follows.. Net movernent in funds At 31.8.23 At 1.9.21 Vnrestrieted funds Generdl fund 79,924 (20.342) 59.582 TOTAL FUNDS 79,924 (20.342) 59,582 A current year 12 months and prior year 12 moDth5 combined net movemeni in fvnds. included in the above are as follows- Incoming resou Resources expended Movemenr in funds UDf¢51ricted fuffids General fund 366,793 (387.135) (20,342) TOTAL FUNDS 366,793 (387,135) {20,342) 12. RELATED PARTY DIsCsUREs There were no related party transactions for the year ended 31 August 2023. Pag¢ll