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|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||||||
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||||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|
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||||||||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)|
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||||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|
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||||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)||
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|(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 **F**Q
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|
##
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||||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|
##
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|||||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|
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||||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|