2023-12-31-accounts

and the Senior Leadership	and the Senior Leadership	Team (SLT):
Zoe Raven		CEO
Emily Hepden		Head ofFinance			Appointed		6 March 2023
Sue Fenton		HR Manager
Laura Andrews		Head of Early Years		&Compliance
Gabrielle	Brandon	Marketing Manager
Steve Petty		Facilities and Health		&Safety	Manager
Santa Svike		Sustainability Lead, Governance				Lead 8 Content Co-ordinator
Bankers:		Handelsbanken
		Moorgate House
		201 Silbury Boulevard
		Milton Keynes
		MK9 1LZ
Solicitors:		Geoffrey Leaver
		251 Upper Third	Street
		Central Milton Keynes
		MK9 1DR
Auditors:		MHA Chartered	Accountants		and	Statutory Auditors
		Moorgate House
		201 Silbury Boulevard
		Milton Keynes
		MK9 1LZ

			Unrestricted	Restricte	Total	Total
			Funds	d Funds	2023	2022
						F
Income and Expenditure
INCOME:
Donations and legacies			6,065	7,647	13,712	4,295
Income from charitable
activities			11,246,721	157,222	11,403,943	9,571,541
Investment income			1,440		1,440	17
Total Income			11,254,226	164,869	11,419,095	9,575,853
EXPENDITURE:
Expenditure on charitable
activities		6	(11,305,841)	(174,498)	(11,480,339)	(9,568,685)
Total Expenditure			(11,305,841)	(174,498)	(11,480,339)	(9,568,685)
Income/(expenditure)
movement in funds forthe			(51,615)	(9,629)	(61,244)	7,168
year before tax
Tax on expenditure			(1,069)		(1,069)
Net (expenditure)/income
movement in funds	for the		(52,684)	(9,629)	(62,313)	7,168
year
Reconciliation offunds
Total funds brought forward			536,636	20,546	557,182	550,014
Total funds carried forward			483,952	10,917	494,869	557,182

							Note	2023	2022f
Net cash	used in operating		activities				19	349,466	378,420
Cash flows from investing			activities
Purchase	of intangible fixed		assets					(12,495)
Purchase	oftangible fixed assets						12	(356,060)	(361,670)
Net cash	used in investing		activities					(368,555)	(361,670)
Cash flows from financing			activities
Investment income								1,440	17
Repayment of borrowings								(91,281)	(85,551)
Interest paid								(12,426)	(18,156)
Net cash	from financing activities							(102,267)	(103,690)
Decrease	in cash and cash	equivalents		in the year				(121,356)	(86,940)
Cash and	cash equivalents	at the beginning			ofthe	year		146,036	232,976
Cash and	cash equivalents		at the end	of	the year			24,680	146,036
Analysis	ofchanges in net		debt		1	January		Cash flows	31 December
						2023			2023
									E
Cash at bank						146,036		(121,356)	24,680
Borrowing	s				(188,675)			91,281	(97,394)
						(42,639)		(30,075)	(72,714)

			Unrestricted Funds	Restricted Funds	Total 2023	Total 2022
			f		E	R
Childcare	income		11,022,944	157,222	11,180,166	9,362,846
Training	courses		42,802		42,802	34,293
Forest school		activities	101,368		101,368	77,187
Catering	income		51,247		51,247	59,428
Consultancy		income				1,974
Other income			28,360		28,360	35,813
			11,246,721	157,222	11,403,943	9,571,541

			Unrestricted	Unrestricted	Restricted		Restated
				Funds	Funds	Total 2023	Total 2022
				E	F	F
Childcare costs				9,836,036	174,498	10,010,534	8,355,116
Training costs				38,292		38,292	30,350
Catering costs				40,099		40,099	32,169
Forest school	activities costs			112,512		112,512	92,183
Property and administration				1,222,280		1,222,280	984,086
Accountancy fees				840		840	4,440
Auditor's remuneration				13,200		13,200	8,160
Legal and professional fees				18,092		18,092	34,132
Other financial	costs			24,490		24,490	28,049
			11,305,841		174,498	11,480,339	9,568,685
. Taxation
(a) Tax on	(expenditure)/income
The tax charge/(credit)		is made up	as	follows:
						2023	2022
Cunent tax:
UK corporation	tax at 19%(2022: 19%)					(245)
Previous year's	tax correction					1,314
						(1,069)

(b) Factors affec	t	ing the t	otal	tax cha	rge (conti	nued)
							2023f	2022f
(Expenditure)/income		before tax					61,224	7,168
(Expenditure)/income tax in the UK of 19%	before tax multiplied (2022:19%)				by standard	rate of corporation	(11,633)	1,362
(Expenditure)/income from charity activities)	not deductible			for tax	purposes	(exempt due to derived	12,702	(1,362)
Previous year's tax correction							(1,314)
							245
8. Net income / (expenditure)			for	the year
This is stated after charging:							2023f	2022f
Depreciation							299,675	216,092
Amortisation							47,249	46,905
Operating lease payments							567,913	493,756
Auditor's remuneration:
Audit fees							13,200	8,160
Accountancy services							840	4,440
Analysis ofgovernance		costs."
							2023f	2022f
Audit fees							13,200	8,160
Trustees' expenses							129	146
Consultancy fees							12,830	5,924
							26,159	14,230

	2023	2022
Salaries and wages	7,583,625	6,418,608
Social security costs	490,551	433,235
Pension costs	339,177	277,772
	8,413,353	7,129,615

		2023	2022
		Number	Number
Total	staff	467	408
		46?	408

	Computer softwaref	Goodwill	Totalf
Cost
As at 1 January 2023		470,732	470,732
Additions	12,495		12,495
As at 31 December 2023	12,495	470,732	483,227
Amortisation
As at 1 January 2023		289,599	289,599
Charge for the year	344	46,905	47,249
Amortisation on disposals
As at 31December 2023	344	336,504	336,848
Net book value
As at 31December 2023	12,151	134,228	146,379
As at 31 December 2022		181,133	181,133

12.Tangible fixed assets
	Leasehold Improvements f	Office Equipment f	g FQ Fixtures f 8 ittings	Motor Vehicles f	Play Equipment f	Total
Cost
As at 1 January 2023	1,186,218	104,836	348,516	42,626	115,802	1,797,998
Additions	245,010	19,541	60,941		30,568	356,060
Disposals	(18,471)	(64,110)	(38,840)		(10,187)	(131,608)
As at 31 December 2023	1,412,757	60,267	370,617	42,626	136,183	2,022,450
Depreciation
As at 1 January 2023	446,568	76,288	211,732	26,274	64,789	825,651
Charge for the year	210,384	14,277	48,586	6,323	20,105	299,675
On disposals	(18,471)	(64,110)	(38,840		(10,187)	(131,608)
As at 31 December 2023	638,481	26,455	221,478	32,597	74,707	993,718
Net book value
As at 31 December 2023	774,276	33,812	149,139	10,029	61,476	1,028,732
As at 31 December 2022	739,650	28,548	136,784	16,352	51,013	972,347

			2023	2022f
Balance		as at 1 January	414,709	357,115
Amounts charitable		released to income earned from activities	(414,709)	(357,115)
Amount	deferred in year		451,847	414,709
Balance		as at 31 December	451,847	414,709

As at 31	December the Charity	December the Charity	December the Charity	had annual	commitments	under non-cancellable operating	under non-cancellable operating	under non-cancellable operating	leases	as set out
below:
						2023				2022
				Property	Other		Property		Other
				leases	operating		leases	operating
					leases	Total			leases	Total
Amounts		payable		507,154	23,999	531,153	451,802		22,425	474,227
within	1	year
Amounts		payable	1,331,626		28,546	1,360,172	1,668,329		28,849	1,697,178
between		2to 5years
Amounts		payable after		860,004		860,004	1,008,370			1,008,370
5years
			2,698,784		52,545	2,751,329	3,128,501		51,274	3,179,775

	Balance at			Balance at
1 January 2023		Income	Expenditure	31 December 2023
General
Unrestricted	536,636	11,254,226	(11,306,910)	483,952
Funds
Designated
Funds
Total	536,636	11,254,226	(11,306,910)	483,952
Analysis ofmovements	in unrestricted	funds - previous year
	Balance at			Balance at
1 January 2022		Income	Expenditure	31 December 2022
General
Unrestricted	544,081	9,405,598	(9,413,043)	536,636
Funds
Designated
Funds
Total	544,081	9,405,598	(9,413,043)	536,636

				Fixed Assets	Net Liabilities	Total 2023	Total 2022
Restricted		Funds			10,917	10,917	20,546
General	Unrestricted		Funds	1,175,111	(691,159)	483,952	536,636
				1,175,111	(680,242)	494,869	557,182
Analysis		ofnet asset movements		between funds - previous year
				Fixed Assets	Net Liabilities	Total 2022	Total 2021
Restricted		Funds			20,546	20,546	5,933
General	Unrestricted		Funds	1,153,480	(616,844)	536,636	544,081
				1,153,480	(596,298)	557,182	550,014

			Unrestricted Funds	Restricted Funds	Total 2022
Income and Expenditure
INCOME:
Donations and legacies			4,295		4,295
Income from charitable	activities		9,401,286	170,255	9,571,541
Investment income			17		17
Total Income			9,405,598	170,255	9,575,853
EXPENDITURE:
Expenditure on charitable		activities	9,413,043	155,642	9,568,685
Total Expenditure			9,413,043	155,642	9,568,685
Net income l(expenditure)		movement	(7,445)	14,613	7,168
in funds for the year
Reconciliation offunds			544,081	5,933	550,014
Total funds carried forward			536,636	20,546	557,182