REGISTERED COldPANY NUhlBEIi. 079831B5 {England Ind Wale8) REGISTERED CHARrrY NUMBER: 1147559 PUDDLEDUCKS NURSERY AMD PRE￿N00L ¢ONTEp¥fs OFTHE FINANCIAL STATEMEp¥rs Roferon¢o ènd Athilnl•tratfvo DetslT8 Rwt of the Tru$te¢8 4 to 6 R•port of thg In(knwxl8rbt Aud]torn 7 to 9 Stat•mgnt of Flnanclal Actlvllle8 10 Bal•n¢e Sh••t 11 Cash Flow St8tsmgrt 12 Noteg to the Ca¥h F1ty4V $14tsm 13 Notes to thts FltwKknI 8tat•ments 14 to 20 PUDDLEDUCKS NURSERY AND PRE4CHOOL REFERENCE AND ADMINISTRATIVE aETAEL8 Roglgl&red Company numbor 079831851￿91and and Wthe) ReglDtsMd Cha￿ty numbgr 1147559 ReglBtsr¢d offlco Pew99y Prlmay Sd SN9 S&5 TruBtso8'. N5&￿a Gilbert Caroline 8ayne5 {appoknted 4 2024) Danlel Clart (apFointed 14 January 2024) James {ap￿￿ted 14 JanuaryW24) Karen ShlekJ8 (*•polnted 14 January 2024> 8￿Cer(appo￿l￿J 14 Janu￿ 2024} Llnda Trapnell lappotnted 14 January 2024) Rogerwhlté (8pwlnted 14 Jaiuary 2￿￿4) BeveTi8y Snwth (resigned 14 JanLW 2024) SpAdor ltsnaggmfjntT￿: Company SoC*•tJrr. Audltorn: StaluWAudltor Ccdjnty G*9 C￿ty Way TrowtKidge Wltshiro BA14 7FJ Pag813 PUDDLEDUCKS NURSERY AMD PRE-SCHOOL REPOFrr OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 The Irugt808 wfio 8f8 8180 1*8ctors of Iho c*ath kn the PL¥PM8 ofthe CO￿leS Ad 21]06. pTrsent their report ￿th the finan¢iMI stateM￿)ts of the charity knr Ihe year ended 31 August 2023. The trustees ha¥E 8dopted the provlslons of Awunling 8nd Reportlng hy Ch*rltie8". Ststanenl of R￿mmendad Prnctice applicabk to charitiès prèparing their aacounl8 In ac¢Drd8nf* with the Finartu￿ Reportwu StwKlard apt4Nable in the UK and Republk of Irel8nd (FRS 102) {effe(Aiva l 2019). OBJECTIVES AND ACITMES ObJectlve8 and alm¥ Thè pdnclpd activlty ￿the i)Jnpany16 the pr￿1￿ olnu￿ry cgre ond l)r balxes and p￿￿(¥31 ¢hiktren. PubllG b9ngfft The tnthe¥ ¢oThfvm that tlw have coMpl￿d vAthts requir8m￿ts of￿￿On 17 ofthe Charlt18s Act201110 h￿0 thje regard to thv publk benefit gUIdon￿ publlshed by th& Charlty ComnwssKJn for Er¥Jland ond W*8. Almo and p&lomianw, PuddlthYu¢ks Nursory ￿m8 to promde htgh w85Hy, affwdth ttnd I￿ lor L*ikSr8n (Torn Ix'rth lo fve, ￿ a safe and 6uppo)1ivè envlronmenl, offarirvJ 8timulating and rewardlng aclth frx all 4)IIHie8 whgro staff are Supported and rewarded and p8fknw¥hlpu wth p8rerkts arE k¥ged. The Nursery rrystered with OFSTED vthith monlioT5 ihe n&fknal st8ndards ol thil(kwe p￿￿1s￿ln ar)d educatlon and rer£lved a ratlng of In all areas at the W Insp￿tr￿ September 2022. ACHIEVEMENT AND PERFORm￿cE In S8plwnber 2022 the Nurs8ry smned *ith Kiry Ajfred Acxdemy Tntst. TIM8 move resulted in do8eT YK)Tking Psywsey Primary Schod to delivera rwnded aw(￿ul￿M and seamless eyier*2for parents a5 Iheirchldtransttions from the Nursery ink> Pva8ey Prfvry Sthcd. In ad(It1￿), the trust have been able kn pro￿* In *th traknlNJ. devalopmRnt anfl stwort for our Staff in areas as SEN. Bafeguardlng and fin￿. The pa8tyearha58eon an InL¥&gseln thldren attentllng ￿dthe Nmry 18 ft￿at￿l￿￿fy. iknto Irmased numbers. Ihe alter 8￿￿01 dub b held the Pemi Pthrwy srtg in the sdKx4 h￿. In tot81 wo emplo￿& a lotsl of 13 *8ff. stsff hokl a rol*ant eaty yearfs walificèborb, onè of holds a levd 4 qualificatk)n. Staff arp enGouraged to devdop and m8intatn thdr skFTs. 2 of our oppronliw have QUa￿l¢d Mih ¥ W 3 qualllcthn thjring the year kntend to EpOnt 8nthr8ppronlke sh(ty. Tho NUr9￿Y rocfflts have t￿n retsc0￿ in n8th81 cokNK8 calN#ng forourdyldm. Wo hopg to extènd the ￿ed￿ration lolhe entra￿e nexl year. Golng Concern Pr¢dKI0d 8tterMlam remains goc•J and the tr¥Jslees ha%* B re￿nabEe exp￿ti￿ that the NUrn￿y ha8 adgqu9tg r8Gourw lo contH)ue in operational existence fortr* forese0* fulure. Fcff this rea8rm. il cOntir￿ to athpt Ihe gdng cem bagip kn We￿ing th&fin8Tri* statemenls. FIÈIANCIAL RErfIEW Flnanolgl posltk*b The Nursery had an itFyear deffidl of £282CfJ. At the 31 Aiiw 2023 ts actual F•)sltb)n w8¥ £37.97012tr22 £64,170). Tolal In￿rn9 forthg 12 month perfcKI was £314,428 (2022: £284,836). Total exw)dliurewa8 £340.628 PIJ22'. ￿.8￿5}. Klw Ajfred Trusl to¢* o¥tt theloase ofPuddlth(*s N￿(WoM Wltthlrg cow¥￿1 on 0 27 y88r remwning term In Sepl8mbèr 2021 Inyothnt pd All fuKls suryAus to tnTh*d10te are Inwthl to effed Re8orvo¥ poficy It Isth& PDl¢y lo n￿[nISh) Bufficiort reservesto coveryraffrig ujsts In Ihe shcrttemi. Atlhe of thg rgpDrtlng ￿rfo￿. totsl lunds held ar8 £37.970 ￿￿22. £64.1701. Thè Nur8ery reswv&s not incknled w#hln the rese￿$ polcy of Khg Awred Trust. Pagel 4 PUDDLEDUCK8 NLIRSERY AND PRE4CHOOL REPORT OF THE TRU8TEES FOR THE YEAR ENDED 31 AUGUST 2023 prI￿[Pa1 rlsks and un¢ortah)tlès The wfjwApal rfsks taong thè Nursery *e as S)Ikw8: Flnanclo1- 8 fall In Intake ox#d re8uIt In the Nurnwy beconlng unstaR)abie. The budoot18 Ilghuy monKorgd 8nd wularly updaw 7th18tesl forec86ts. stafflng-thosuttoss ofth6￿[Sery i8 depe￿Ient0￿ IheqLwIKy ofI8818ff. The n￿nItOrp￿mdo8&nd wocedures lo èn8urg contsnued d¥vdosxnenl and tiasiwng of8taff aThJ rAanning. Sofeguardlng and ¢hild protectFon-tho 1rn8t￿ ¢)kn to the hp3hesl slandord9 8re malnla1r￿d In Ihe 8olection and ffl0nlto￿￿ Df Btaff. the OF￿￿0￿ of woteth)n wk¢leB and procedures, h&alth gnd saffyty and dl8¢lpllne. FUTURE PLANS Thè NUr￿ry￿All (￿nthu0 lowork c4osdywlth P8wsey P[wnarysd￿. th8 wfdparound caTe will Cl￿£1￿&10 bo davgloped. dlctatèd by n*1. We are aworfj of the n*J to be abb to offer wrap around care all ourfarniltes by Seplernber 2028. The 88tting will U)n1￿￿e towoikloward$ w6ditadon for Tr CurN)styApwach'. an acc1￿M￿n ￿gnISIng CUFlosity, and won(fer in EaFly Year9 aNI k8 prMryding the #off ¥rtth opporiunitN* to r￿QW and r8118Ct on thdr provi8ion, 8t￿lonment th IN￿lE1ve [Tr)n￿$ tr cl)Ildren. We are croa11￿ thè thlnkeY8'. IFNest¥alors th)er8 oftheffiJturo. WewNI contlnue vthh wr ￿￿¥￿rat4￿ of Ihp settE¥ 8nwJrkng It b an h)vibng and ¢almlng spw for Olff thI￿ren. The Nursory wtll ¢xntinue lo enhgnL* and d8vek¥J knks whh th8 sthool. for example Sports Day and Chknas performarw b8 hesd on Iho sdM)d sits-1￿ a* ofth& and its fa¢iNlw and developlng stronger The OUt￿rItaMIng $￿eat P9wsoy Sthoolwlll be ufifwj bylhe Nur8&yto erthawtho18aNlrvJ opportunlfj88 promdeil lo the STRUCTURE, GOVERNANCE AND MANAGEMEiir Govornlnu docwnt Th& th8illy is ￿ntroll￿j by its go¥eTrMng domnL its MemoraTrawn A¢ffde8 DfAsBocHlion, and ¢i)nsdtutos miled company. lknited by guarantee. a8 dsffned ki the Conyn5es Act 2(Th. clwity WAS knwrwr8t8d on 9 March 2012. The Direclor3 ofihe Nursery aro al80 tharity truslee8 ￿the pwposes of charity law. UtKler th8 rwllremerrts of th Momorandum and ofas8Ct4akn tho lYust8a8 are el￿ kn sem k*a pe.FkxJ offwryearB afterwhich thèy mu8t be rfreie(*ed althe t)ext Annual Ge￿ra1 Meèling. Oryanlsatlonal strUG￿re and how the charlty mak•¥ declslon Klng Alfred T[￿t bs the"p8ront ￿)rr￿anY and sde member of P￿*￿Il￿*S Nursery and Pre SC*￿11. I￿ Alfred Trust holi18 oftheyotkng r*hts ofthe Nursery. The oftruske# nRets up to 6 year. InduGtlon andtrdlnlng of new tru¥tees The Irainng and of new ￿Stea$ ￿11 dgwd upon th8ir exstsng experienc* but wyjld Bfvmys I￿lude a tour of th8 Nur8ery and acknance to mBét #laff and chiklM. AU trustees ￿1¥8 Co￿E8 of polldes, proewjures ffAnule8 and flngnc4al infonratM)n rewtred to undertake thelr lole a8 Irustees aTrJ an exlstry truste& is appdnted a8 a mentor for the flrst 3 months Rl8k management The thJ8tees c(mOnue to revt8w Ihe Ma￿ strategi& bjstness and opwatlrAHI ￿￿kS wN¢h the W foce& Th8 rLsk gigt8r revtewEd at 8ath ￿r￿ m88lifw. Arrangements fors•ttlng rwnEmral1￿ of key m•Mgement pel6onn81 The trusléès review tho pay ofkty managem￿t P8tsmnel arnuaTrrf. Pay tiKtease8 are 8ward•J on ￿ basi8 of a successful p￿o￿lar￿ MWg8m￿￿ review. P8ge15 PUDDLEDUCKS NURSERY AND PRE4CHOOL. REPORT OF TrIE TRiJSTEES FOR ThE YEAR ENDED 31 AUGUST 2023 Fundralslng tylandanb Infomiallon The Nursgry dog8 not U80 any eXt￿nal fundra18er& All undertaken ¢*JrirvJ the year wa8 nN)nttorwJ by the IFUStegs. 8TATENENT OF TrUSTEEV RESPONSIBILITIES Tho InE$tees (who 4re 0190 thé dtrectcfs of PuddlEduc*s And Pr￿SC￿oI Linhed for th8 pUry>08￿ of company law) are respons￿19 for prep￿￿9 Ihe Rep¢rt of the TnMte8s 8￿j th8 finandd st*ments in ar%ordanc• wilh 4)plkab£e law and UnMorJ Klngdom Attounling Standards Kingdom (knralPy Arygplgd PFarUce). c￿panY law requires Ihe truGte86 trj wepare Statem￿ f￿￿81 year whlch glve 8 truo ond fair ¥iew ofthe 8t8tè of affair8 oflhe chalit￿e o)mpany and ofthe r8souJr88 and apdl¢ation of re￿1￿. the Incom& and 8Xpe￿Iltur0. of tha charita)la company for that In preparuvJ ￿)88 financlal State￿nIS, th& Inithes wuired to gelect $ultable accouth pol￿168 and thon aP￿Y th8m ob88rve thè mèthods 4rKI principles In the Ch8Fity SORP: make judgements and estim81es Ihal are reasorAble and pmparo tha financial statements on ￿ ts¥)uvJ c￿￿ern baEis 18 InappTosxiat6 to ￿￿SuM0 that thel charita￿e company wll a)nlnuo in bu8ThSS. Thg liuslaes ar8 respNtslble for kwirq re(%)JTls dlsd090 vthh TeasonaL4e a¢cur8cy aianylkno the fin8nci81 powton oflhe charl1ab￿ ojmpany and ID ￿blo tr>orour¢ thatthe flnBncial stsl¢ments COMp￿￿th the Companles Ad 20ce. TtrÉy 8re atso respo[￿ibl& for safeguarthrKJ tha assets of tr* thatitabie company and herJ¢o for t￿{1￿ rea80nable stepsforthe prevenkn ddB(knn offr•yJ a￿1 other rrewth. In 80 far a8 the trustee8 are awaro.. . 1$ no folevard authl InfornTrkn of￿1Ch the tharflable are urtaWa￿. 9Th1 Ihe trustees h8¥e taken al steps that they ou9ht to have knken to make Itrynseives ov4are of any rolwdrrt 8￿rt knformotion and ID Èst4blish that ihe auditcKs afe awaTr ofthal wrfom)ation. AUDITORS The audltors., SUmarA￿litcty Umitffil, pyoposed for ￿ppO￿tn￿rta1 ts f(KthcomN%J Annual General Meeting. 211slwz AFvroved by ordwofthe bo8rd of1J￿6 cfft........................................... and on tts by.. Ntojia GJlb& Pagel 6 PUDDLEDUCKS NURSERY AND PREXHOOL REPORT OF THE INDEPENDEP￿ AUDITORS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- HOOL Oplnlon We heve aud￿ ￿ fjnqndal BtBl8m&nts of Puddlethjcks Nur5Bry kn(1 Pre-scttwl Ithe'charitable compan￿) for the year èndad 31 August 2023 whth comprfsé th$ Statemenl ofFlrtanoal Adtvili88. ihs Balance Sheet. th8 Cash Flow Statement and nol¢s to the thancial statetnenls, including a summary of SNJnffi(xnt accounting wlicSes. The financial reportiNJ framgwork th81 has IKen applkd in their prepardlion Is applk*bl818w and UThted Kingdom Accountir*J Stsndards (Unlled Klngdom Gen8ralty A(￿pted Ac¢ounfi[￿ Praclice). In our opinlon th8fjnancAal st8tgm8nts: giv& a true and frdir vitrw of Ihg State of the ch8rtt2ble Compart￿8 affatrs as at 31 August 2023 and of tts incomlng r080uro&s 8nd 8ppli(xtion of resour￿, inclu￿1￿￿ its In[Th￿ and 8xpendibJre, for the year Ihen ended", havo boen pruperty preparad In act0rdan￿ wlth Unbd Kirudom G9￿rallY AC￿pted Accounting Pra¢tk8,' and have bgen propared in 8C(x)rd8nce th the requlrwwrt8 oflhe compan￿ Act 2006. Bas1$ for oplnlon We ci)nducled OUT audrt in ac￿rdanCe wlh Intemational Slandards (yn Audrling (UK) IISA8 {UKII and applicabl8 law. Our re5porisibilil￿S under those Standards are further dewl)ed in th8 AudiiorG' responslblllU6s for th& audrf( of the )Inan¢lal statomenls section of our rgtM)rt. W8 are Inde￿￿￿￿t (It the Gharitable company In accordance wlh the 6th1¢al roquiremenls that are ￿1evanttO ouraudil of the finar￿al st8tsments ir) the UK, IndudirKJ Ihe FRC'S Ethl(%l Standard, and w& hav8 fvffil1￿ our o￿T ethical respon&txlities In acconlayth wtth these w￿￿rnents. We believe that the &udlt evidence w8 have oblBln8d 18 sUff￿ntand appropri818 to pwwd8 a b￿S forouroptnknn. Conclu51ons relatlng to gglng concern In audiliro the financlal stat¢monts, have CondUd￿l that tho tru81ees' use of the goi￿ ¢thKem basls of aLxounting in the preparatlon of thg finon¢tal 8tatements is 8ppmprf8ts. Based on the woff.< wa hav8 p8rfonned, we have ident1fi8d any ￿￿tella1 u￿ErtaInl1￿S Telalng trj events or con(fiitons that, Individually OTQ)Ilectively, may caSt￿gnInI￿nt dwbt on tho charrvs abiltyto (x)nOnue es a golrg con¢xm fora p9ri0d of al lea6t ￿e1ve months from Ythen the fin￿r￿al stthnents arg aulhorised ft>r i%sue. Our responsIb￿rtses th8 ￿s￿nSibl￿￿ of the tr￿1988 with r8sP￿t io gothg conr*rn are descrfbed In the r8lewant sectlon8 of Ihls rgport. Other Infomiatlon Th8 bustee8 are Tespondb19 (Dr the (ther InfomTrtkn. Tho 0th6r infDrmalion comrM]sBs th6 InforniaJon Includad in the Annual Report otherthan thè financlal statements aTKI our Report olthe Independent Audltors thererfft. Our oplnlon on th&flnan￿￿ statemenLs do&8 ntst U)V8rthe other wrfomRlon and. except to extent Othe￿Se expllcty ststed in our repor( ￿ do not express any fom) of 888urarm CO￿￿S1on thereon. In connection wlh 0uraud￿0f the finandal statemonts. our respo￿1)171fy is to read thè olh6r Inftsmiatlon and. in doit¥J 80, CDnsidEr whefvr the other irrfom)atknn is m*oriaUy irxyjnsislent wih the firtsncaal statèmènts or Dur knowledge obtained In the audSt or otherwise 8ppeE*rs to bè matsrialty misstatgj. Sf we Identify Such tDatgriaS incon81siBn¢los or apparent m8tarfal mlsslatbmeTts, ￿ are requlrgd to deterrn￿e vthether thls glves rise ts a material misstatetnent tho financial stat6m&nts th&msdvÈ$. If, bas￿ ￿ thB WOTk we have perfoffl￿d. WB (x1nd￿j& that is 8 matsTO1 mlsstatemenl of thls other Informatlon, we ar8 wquirod to resK)rt that f& W& hav8 ntsthlry to TBW)rt in this rBgaTd. othgr Matter¥ The compaTativg finandal statements ar8 unaud1￿. Oplnlons on other matters prescrlted by th• Companlès Act 2006 In our opinion, based on th8 work undertaken in th9 Gwrs8 of th8 audL' the Informakn'on gwen In the Report oflhe Trustees forthe finanrAat yearfor%thith the ffinanrAal statements are prèpared Is conslstent wlth the financl21 slat￿￿nts., and tha Rwrt ofthe Trustees has b8&n prepared in wxordancewilh ap[th(¥￿ legal rBquirBments. Page17 PUDDLEDUCKS NURSERY AND PRE4CHOOL REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCI4OOL Matters on whlch w• arn ro4ulred to re￿rt by èxceptlon In th& light of thè kI￿￿edu& and undèrslandlng of the charilabie company and its enwTorm&nt oblBlngJ in the oours& ol th8 OLKIit, w& havo not identtfi@d matsri81 misstatements in Report of Ihg T￿￿tee￿. W8 have nothing to rewbrt in ro8POCt of1h8 folknwiru matters vkn8re Ihe Compan￿5 Act 2006 requlres us to report to you if, In (wr opinion.. adequate ac¢ounUng records hav8 ntst bè8n k8Pt or rrtums adequate for our audit havo not been r￿1¥¢￿ ffom brdnch88 not M8tt8d by vs-, or the financial statements are not in agr89ment pmnbng reo)rds and rebjms., Dr certain dlsclosure5 oftrust8os' rem￿eration 5pecsfied by l&v arè not made. or we have not recgNed all the infornation and expl8n8tions we wulre lor our auditr, or the trustees were not enti￿ed to tak8 advantwJts of small companies exernpuon from fhg wulygment to prtspare a Stratsglo R￿ort or In prepariro the Report ofth8 Tr￿. Ro$ponslbllltt•s of trustees As explalned more futy In the Statement of Trust6Eg Re4y)n8itilitss, the InJst&es Iwho are a180 tho threctors of the charitabb Gotnpany for the purposes of Company law) aTP resw)nsib18 for the ptsparation ofthe finan￿al stai&m8nts and lor b&lv¥J sallsfiod that they g7￿ a Iruè and falr VI￿. and for gjch intsmal conlrf 88 the trustees delermin81g necessary to enaNe th8 prepAratlon of finand818tatsmènts thal aTe fr8e fr(m rnaterial misstalewnent. vthether due to ￿ud or &rrN. In preparng the fir7an¢ial stsl8ments, the iw8t8eS8Te rEsponsible forassesslngthe L*aiitrablo ¢ompanls8bilMylo continug as a going concorn, d18cl(￿ng, as applicablo, rnattvrs telated to gohTr3 concem us'.ng th8 gDirwJ co￿￿M basis of accounlng unlesslh8 trustees ￿therintend to liq￿dat￿lJ* charma￿6 companyorto cease operat¥)ns, or havg no realis0¢ altematwg but to (kn so. 918 PUDDLEDUCKS NURSERY AND PRE4CHOOL REPORT OF THE INDEPENDENT Au￿￿oRs TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCHOOL Our r8sponslbllltlg5 foT the audlt of the flnanclal 8taiements ourobj8ttt￿s areto obtain reasonable assLJrai￿a abouiwhetherthe financial btstpmonts 8s awhDI? arèfreefrom matorial mlsstatsmant. wh8th8r du? to fraud or error. at¥1 to isgje a Re[￿ of thè Indèpendgnl Auditors that Includes OUT Dplnion. Ré8$onable assuranc8 is a h*3h levd of &￿VranGe. but is not a guarantèe that an 8udiE conduct&d In BCCDrdan¢s ￿1th ISAS (UK) wlll always dalect a malerfal misstatement when it exL%ts. mlsstat8n￿nts (sn aTl8è from fraud or error and are On8￿er9d materfal if. ￿d￿kdUallY or In fhts aggregale. tlw roasonthy b& &xpèct¢d to Infiu8nL% the economlc dtrcisions of users tsken ¢)n the basis of thèsè financid statements. Th6 extent to whh* ourproc£dures are of det￿Ing Ir￿uL9r11￿5. intluding fi8ud ￿ d8lall8d tXg10w. Based on our undertstsrnllTrJ of fh& rJ)arity and the provision of ptB schopl sgmws. we idgntifiBd thBI the prfndpal ri8k8 of rN)n-complianc6 laws and wut8ttons rO￿ted to *uatdiT¥J, hgalth and safety, employinenl Igw. Compani8s Act 2006 and Charity L￿, and we consldorgd th8 ext&nt tDwhlch n)n￿M￿lance might IHYO a matsrial tht on the financial 8t8toment8 of the tharity. WB also consid8rt Iho88 lav*S and wllL4tlona that have a diypct impact on the preparalon Df th8 finanBlal statsmerrt8 such as th8 Companies AL* 2Cth and th& Charitles Ststém&rtt of Ro(xJmm8nded Practicg. We evalua￿ manwJement& in¢onUve8 anLI oppthinl1lesforfraud￿DnI rllanroulalion ofthe11vyan￿a1 51atements{IncludSng thè rfsk of ov8rrid8 ofcontrc4s) and detsrmined thatlhe prfndp81 rÉsksw8rg rpla￿l to revenueTBcoyrhibon and management (>ve￿K19. Audst pro¢edwes performèd bylhe aurfit engynMI tèam IndUd￿.. - di8CU68ions wth managemonL in¢ludirvJ c￿S￿leratiOn of or in8lanrM of non-compllance wth ar￿ Wulat￿n8 aTvI fraud", - understanttiru and review of m8n8gewenl's intemal ￿ntr￿S dgsw ID and delect irrBguLgrib&q. and fraud. - review of minutes of Ihe TTUStog8 meettngs: - d9￿gnIng audit prc¢edures tu ivKorporate unpredtdabilitr. - P8rf0rn1ing anatytiLxI p[c￿edUl8$ to Klentify arty unuw81 orunexpthl r*lionships that mvJht Ind￿ta iisks of mat&rl81 mlsstatemerbt duo lo fraud., - revlew of thg fina￿al statemetrtsdi8closureB and t&sllng tOSUPFK*iing (J(Ku￿￿ntaIi0n to a5898sconn)lianc8wllh rglevant laws arKJ regulations dlscussed above., - enquiring of the Tmstees and thlTdyaTty alfvis0￿ 8boul 8(aual and w)t8ntial libgabon and daimtr, - t8sting trark8aGtions entered into outside ofthe nom181 cgurse ofth8 thwrity's business", and - identifwng a￿d testing loumal gntri98, in Forticular any joumal BIrt￿5 wlh fra￿A ￿lar￿118t￿B suth a$ loumals wth round numbers. There are inherent fimitalons In th8 audit PTocedure8 d¢s¢ribed #bM 8nd th8 fijrther rgmov8d notFcompliance with laws and regulations 15 from ev8nls and the transa[kn￿ in the ffinancial statements. the 108$ likely we ￿￿Uld become awar8 of it. Aso. the rf8k of not detecttTrJ a materBI wlli5Statemont due to fraud 15 highor than th6 dsk of not detedng one resulUrYJ fiyjm grrrx. as fraud may Invofv8 drfib8rate concealment by, fDr example, forg8ry or Intenuonal mlsrepresentstions, or Ihrough collu*on. A fvther descriptkw] of our rosponssL¥libes for thè audf( of the financi￿ statem8nts 18 loca￿ on th8 Financial Reporting wetss￿e at ww.frc.0Tg.uklo￿17trjr$rnSt￿5l￿I1lhe8. This dexrptlon fomis part of our Repcfft of the InL*pe)M16nt Auditors. Usè of our r8POrt Th1$ raport 1$ mado solety lo the charilable company's membeTS. as 8 brty. In a(￿rdanc6vAIh Chapter 3 of Part 16 of Ihg Compani95 ￿ 2006. Our audlt work h&8 twn undertaken thatwe mlghl stab to thg d)arllabte company s mombor8 th088 matteTSwe arg requwed trj stat6tr) them in an auditors, Teportand for no therpurptsse. To tho fijllest extent perTnitt8d by law. w& do not accepl or assum9 res￿nSi￿1ty to anyone otr*r ihan the ¢harflabl& cx)mpany and the ¢haritab18 company's meThEb8rB as a bo(ty, for Dur audit work. for Ihl8 rèpotL orforlhe wni¢)ns we have forni￿. James Gare FCA DC￿4 (Senior Statsrtory Audltor} for and on beha￿ (rf SumerALKlItCo Limbted Statutory Audrtor Chartered AL%ountants County Gat8 County Way TroV￿ridge Wllishlta BA14 7FJ D8ta: 28 May 2024 Page19 PUDDLEDUCKS NURSERY AND PRE4CHOOL STATEMENT OF FINANCIAL ACTivrnES FOR THE YEAR ENDED 31 AUGUST 2023 2023 Total fvnds 2022 Total fvnd8 Unre8lrTCtod Rg5tiirted fund fijnds INCOME AND ENDOWPAENT5 FROM tk)nation8 and IwJ8¢￿8 262 Investment Income 217 217 Charftable actlvfttè8 Nur88ry and Pr&School 314,211 314.211 284,567 Total 314,428 284.835 EXPENDITURE ON Charftable actI￿tI8 Nursery and PrtrSctK 340.V28 NET INCOMEI{EXPENDITURE) Transfers between fvnds 17 Nèt mov6m•nt In funds {26.2tx)I 126,2001 15,940 RECONCILIAIION OF FUNDS Total funds brOUghtfon￿rd 64,170 ,170 48230 TOTAL FUNDS CARRIED FORWARD 37.970 64.170 Pagel10 PUDDLEDUCKS NURSERY AND PRE4CHOOL 01qt 31w C&sTh C￿d L4a(eJ BAL1￿CE SHEET AS AT 31 AUGUST 2023 2023 FIXED A8SErs Ta￿ble assets CURRÈNT ASSETS Oeblof8 Cash ot b8nk ￿ in trAnd 13 3,533 77.179 70.8eA) CREI)ITORS Arn￿nt8 fallry du8 wlhin one y8 14 (39,209) 16,710) NÈT CURREbrr AS8Ers TOTAL ASSETS LESS cuRR￿T UAwnES NEf A8sEf8 FUND8 uNr&S￿¢￿d fimds R6strlcled fvnd8 17 37.970 84,170 TOTAL FUNDS finorthl statemgnts have been prep•1 In *XlYda￿ tho kThf8l¢￿8 applLxble to d￿dIabl9 comporyo 8uW¢X to the 8mdl comp4nley reglmè. ftnandgl $tHt8ments 8ppmedbythe Bcwd L*TrtMteesond ath(x180d tr188uèon...ILloflzoAk....... and w8r8 glgned on its behoifby.. Nlcol GlI￿rt- Tru8tee Pagel 11 PUDDLEI)UCKS NUR8ERY AND PRE4CHOOL. CASH FLOW STATEMEKf FOR THE YEAR ENDED JI AUGUST 2023 2023 C•¥h tJ¢ws fmm operafln9 aouvlllps Ca8h generated from opernuons N8tca8h pro¥lded bycpernfjr￿ a¢tivltkn¥ Ca¥h IIow8 from ITNOsllng 4GlIvI￿•s Purchase oftryits40 fjxed asse19 Not ￿$h provided byl(used b)) In¥88fjrtg acifvlUg8 217 Chanp in Cash •nd c•Jh awlvolvnts In the reportlng perf¢xl Cash and cash eoulvalenttr at tho b9glnnlng oftho rwrtlng ￿l¢d Ca•h and calh tyulvalents at tho end of 2 the pgrlod Pag8112 PUDDLEDUCKS NURSERY AIID PRE4CHOOL NOTE8 TO ThE CA8H FLOW STATEmE￿r FOR THE.YEAR. EMDED 31 AUGU￿ 2023 RECONCIUATION OF NET IMCOAIEI(EXPENDITURE) TO ￿ CASH FLOW FROM ￿ERATING ACTIMTIE8 2023 2022 Net In¢omelloxpwth) forthg ropvrfTV PertrAI {•• pertt Statoment of Flnanclal A¢lfvltie8) Adfv8tments lor.. Int¥e8t Rece[￿1 Doc￿se10n¢￿as&) In debtor8 ecreas8ykncrn86 in (x￿1t0￿8 {262(X)) 15,940 (217) 13.533) <8) N•t ¢4sh pro¥lded by opbratlo ANALYSIS OF CHANGES IN NEf FUNDS At1.9.22 Cash ) At 31.8.23 Not cash Cash at ba* •d In hand Totsl P8ge113 PUDDLEDUCKS NURSERY AND PRE4CHOOL NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 STATUTORY INFORMATION Puddleducks Nurw aNI pr￿h￿ 18 8 charAth tr)mFW ty guarantee, wllhwt 8hare caF4tal, the CoMp￿Y registratlcffi wmber rpgthd gddre88 arF gkn In the tru8teg9 roprrt ACCOUNnNG POLICIES Ba818 of prepartng the ftnanclal staternents The fin8nc¥al stalements of the charitable o)mpany, b8r6frt 8nffty under FRS 102. havo been prepared in accordance y￿th the Charities SORP {FRS 102),AC￿unlSng and RepDrtlng by Chavities.. Slatsment of RècommÉnded Practice aFPtkpbteto ch81ibesprepaing their actx)unts in a(￿d￿n¢% the Fh)ancial Reporting Standard 8ppll¢abkn In the UK and ReKxbll¢ of Irdajd (FRS 1021 (effgc*ve 1 Jarnjary 201W', R&pDrtlng st8fK18rd 11Y2 Yhe FIn￿￿ Reportlng StaThlard appWfe kn the UKand Repth1￿ of IrelwKf a￿dth& C(mwl Act 2006. stat8mants have been wKler th? trAstoriL*I cc6t convention. The fin8ndal statements 8re w8pared on 8 gcthg Con￿ bash undw the h￿0[￿1 ￿￿¥ention. m¢dlfbd to Indudo ItOfn8 al falr va[￿. Th& fthanfaat st8temerts are wepar&l in slediThJ wh1(* 1$ the fmdon81 cu￿enCY of Iho chaTity and TDundod to tho ne8re81 [X)￿(L Golng concern The truslee8 aB88S6whthrths uBa of wg (yJThxn 1$ approwbb 1.0. *Al*ther thère are aDy rnateri UncertaIn￿eS retated to events ￿ cyjndlllorts that cast 4nJfic*nt doubt on the a￿lMY oftha tharil&ble cL*mpany lo G￿tinue as a The trustees make fhl$ 8ss05gnènt li res￿￿ ofa period of at knt one yaarlrom the dats crf auth￿l￿￿b fDf of its s18tem￿lS a)d havo fX)nthded thalthè charltawo cornpany ha3 adequate rO80U￿ to¢OntIn￿ kn operalonBI existence fortha fores8eab18 thre and Ihere are materfal uncertainfies about Ihe charitatAo (%)mp8ny's abllty to C￿ntinUe 88 a gokng con￿rn. I thay cortinuè to adopt thg ￿Ing corKwn ba* of xaxjnknj in wepwing fin*al &tatsrn￿ts. Income All Incom•18 r8￿nI*l In ts Slai*m&* of Fts￿￿1￿ Pdntitss once the ha8 enOtt8rrEnt to Ihe fmds, tt Is probable thatlhg vlll be r￿1%*￿ tho 8nMxml ￿ be meB8ured refithy. Ino)me from 9ov8mmerrt atMI ￿her fv wthether 'cawtaf gratts or.w8n￿. uvunt8, 18 rnthwl8ed when the thariiy has enlitJem&tt to ts fijrnls, con(¥tic￿5 attthd ts) tho grants been met. St Is probal)le Ihat the w]11 b8 re4XNed and the amcth c¥n bè measu￿1 relab￿ 8ThJ Is ncl d91orre(L ExpBndlthrp Llabllltlesare rec￿18￿1 ae expend#ure36 8c#)n a8lhere E8alegal Dr(￿st￿￿eObII9al1oncoMrr￿t￿n91h9 cFArity to that expendiura. it is wobth that a lrnnsferof L*n8frts wil be rEquSred in 8etttgmenl8nd Ihe amount of the Ob￿gatiOn can be measured reliabty. Expenditure is auxjurtted fT)r on an 8¢Cfuals basls and has been dassI￿d under heRdings that aggregate ax cost related to (*tegi)ry. Where o)8ts txnTh)t be dlr¢¢lly attributad lo paToo￿aThe0d1rtyJ$ tl*y havé been olloo￿￿ to a b8Sts CTh)8ttht¥Ath th& Gl r¢gDurces. tw¥er8W? VAT 1$ chArgg1 agalrtthe expenthlure he￿Th￿fC￿ T*thlth k)curs￿l. Tanglbl& fixod asse As$el8 ¢(tstkng M,000 or moKe are co￿Sed f￿d as8ets Canled at cosL ngtofdèpre¢*l￿. Depredatkn Is wovkied attho kjllwlng annual ratss kn4xtsto *Ylle off eac* ab5et over ils e8lwnated usthl Ufe: Long le858h)Id buldltw$ 15 to 100 yws Le8B$hdd IMpr0￿m0n1$ 20 y8ars Flthre8, fiWng8 and wtpmwl 5 yvurn tT equlpmonl 3 ye￿5 Puddledth Nurswy 8NI Pre Sd)ryl le8¥8d from Wthhite Cou￿￿. In Septembw2022, the Nursery Joined Klng Alfred TN8t A4xi al that pdnt took over 27 kn8e from Wthtyre c￿11 for n COn￿deratIOn. Taxati Page114 PUDDLEDUCKS NURSERY AND PRE4GHOOL NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR EMDED 31 AUGUST 2023 ACCOUNTING POUCIES - cOt￿lnu8d Fund accounllng Unra8lricbY l￿dS can be ￿ed in a￿rd￿ with the dwllthg Ob￿ al the d18C¥gtlon ofthfj tnJslse$. R6stFthd fund8 only be used forpthl8r restric￿ purF¥)ses within ts obABcls oflho ch&ty. R851dction8 l$e %then Sp￿trIed by the d(￿rOrWhan fvnds are raised forpaJtlwkv re51rbaed wry)0Sg9. Further ex[4angti￿ olthenatute and pUrP￿0feach fuNI18 knduded hi UE notes b) the1kn&Th￿fiI stat9n￿. Pen*lon c08t8 and othar p0yt-rot1rfjm￿t benorrt6 Th8 ¢haritable company operai6s a dèffined c0fth1￿11￿ [￿nskn 8chgmo. CcrttdlyJtlDns pwbte to Ih¢charitable Comp￿￿1 wsion scherfio ale rtharg&J to the StatenNvrt of FbwKIoIAdJvlttes In the [￿￿￿d towhl¢h they rel810. FlnarKtal inBtruments The rtharay ha8 financtal 888ets flnandal W11&8 of a klnd that qU8fty as ba3ic financkl 1n81rUw￿n1$. Ba81c fin&N>al Instruments are initk9fy rw¥sed al tsar￿￿[on y￿ue and &thequonlly measured al th6ir 80ttlamentva*J6. Dèbtors Trade and (rther debto￿ w¢ r8¢OgnIs￿ al the ethttem￿ gller ony trado dsciwnt offer¢d. Prepayrrw#s aft valued 01 ts 8mwnt wppald net of any trade dlscw dug. Cavh at and In ha*)tF C&8h at ba￿4nd ca8h in h8ThJ InduJe8 short temi hlghty tlquid invesknEnts with 8 Bhort matt¢rftyof thre• months or le88 frtwttthe dato ￿ acqui&ftKJn or opening of th8 d8wsS¢ or8imd¥ awunL Cwdlb)rn and prov￿on9 Credllors and provssions *B recogni8￿ ￿there thè has a FKesenlobfigatton re8ultlng frtyn a past èvèntthot probatAy tesL*I in Ihe transfer OF funds to a third party aTrl thg ￿￿￿rrt due lo $elll& the obligaNon can be moasurcd or estimated Tdkabty. Creditors end proth￿ are Trjrrftalty rth￿8￿ at thelr settlement omujnt after lo￿￿9 for 8rtytr8d& (bJo. DONATIONS APID LEGACIES 2022 Donat￿n3 262 IMCOblE FROM CHARITABLE ACTMTIES 2023 Fees G￿nts 216,097 98,114 164,441 120.128 314211 PagBI 15 PVI)DLEDUCKS 14UR8ERY AND PRE4CHOOL MOTES TO THE RTr14NCJAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 20td CTrIARtTABLE ACTJvrriE8 COSTS DI￿t C08ts ( noté 6) Supp)rt ¢08ts (See note 7) Tot818 Nursery gnd Pr&Schc DIREGf COSTS OF CHARITABLE AcThimES 2022 Woges sod￿ 8ecurity Pension$ Other Empbyee cc4ts Inc8taff traknirwJ E*Jucati(M)al Supplies 178.250 11091 3.683 157,880 4.319 1,802 1,523 7.500 4.1187 SUPI>ORT COSTS 2022 Nursery Pre-sd 143,559 90,871 Sutwt eAJsts. ￿Uded In the atw. as b)IkNts.' 21r23 2(r22 Supp(¥t Slaff Costs Technology Costs PNnLse8 Costs 81 Costs othor sup[￿ C08ts Al￿111￿￿ Nnunoration 78.789 3.474 20.7ce 18,095 18.893 4.800 52.4e9 407 26.208 16.297 490 143,559 SS,871 PBge118 PUDDLEDUCK8 NURSERY AND PRE4¢HCIOL NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 31 AUGUST 2Q23 MEf INcOMEIIEXPEND￿uRETr Net Incon￿/(e>l>end￿tUrel1S stated aftor ch*Llnty((xthg): 2Q3 21Y22 Auditor& reAwnethn Independ￿ 8X8mh)alk 4,800 490 TRUSTEES. REMUNERAIION AND BENEFrr8 The Trustse B Smmh. 18 empbywj by the tharty 88 Nusery Mana9er and wned gross s*ry of £35,23912￿.. £26.￿J) ond ￿np￿JyÈrs contritrth of£840 P021. £623) Trustw. •xpen80S Ther• were nl) tnJstee¢ eypens8s ￿k1 forthe 31 August2tr23 fr(theyearend8d 31 Augwt 2022. 10. 8TAFF COSTS 2022 Wages arvj 9814rleB Sodal seGwity ¢xJ Oth8r ￿nsIon 248,481 7, 208,547 270,822 218 470 The Key M8napmEnl Persml of the ofts m9n￿r. Th totsl an￿rrt of emplo￿ benoffts {$8lary, emplwerf8 nattwl InSur8n￿ and ￿n9￿)n conttlxthclw) wd to key nwnag•m8nt personnel In tho year was £39,59512021' £30.212}. The average mnthty nunber of pJMpkny•88 dtulng the yewwa8 as foUc*xs.' 2023 13 2022 13 COlaPARATIVE8 FOR THE STATEAIENfoF FINANCIALACTMTIES Total fund8 INCObE AND ENDOIWENTS FROIA DOn￿lInS Inve¥mont fvJJna Charitable advEO89 Nursw and p￿ Sd)w 284.$67 284,567 284.835 284,&qS EXPFJIDIIURE 011 Charltable acttvhi•8 Nurs￿ 8nd P￿schOO[ 80 895 NET INCOMEI(EXPENDITUREI Tran•f¢rn bgts¥oen ftmdg 15.940 15,940 Not mo¥Bment In funds 15.940 15.940 Pa￿1 17 PUDD]&DUCKS NURSERY AJ40 PR&SCHOOL NOTE5 TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 31 AUGUST 2023 COMPARATIVES FOR ThE STATEMENTOF FINANCIAL ACThTnES-contln￿l UNe8lrl¢ted Re8t fund IwbJ6 Total fund6 RECONCILIATION OF FUNDS Total fund8 forwarrl 48,230 TOTAL FUNOS CARRIED FORWARD 12. DEBTORS: AMOUNTS FALUNG DUE wrniiN ONEYEAR 2tr23 2022 deb 13. CREDrroRS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2￿3 2022 Sod81 and thrlax86 Amotytts ovAnylo gKJup undert￿ng$ Other crfjdlors Ac¢nds d8f8rrad Inr 4.748 19,319 1,532 Dgf8Th8d kncorrts of £J4il P022: £1,327) 1S. ANALYSIS OF NET ￿SErs BETWEEN FUNDS 2023 fund¥ 77,179 77.179 Curront ¥aWitse6 2022 Tot81 Unreslricied Restii*d fuThJ6 Current a$88 Curt¢nt IlalAMes 70,880 6.710 64.170 W118 PUDDLCDUCKS NURSERY AMO PRE4CHOOL NOTES TO THE NIIANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST 2023 16. rrfovEMEIU IM FUND8 Tran8fè befv4&0n f￿d9 At 31.8.23 At 1.9.22 kn furKts Unrn8trl¢led funds 64.170 (28,2CQ} 37.870 Ro8trl¢tsd fund8 TOTAL FUNDS 2(KJ 16. MOVEMENT IN FUNDS . ¢ontlwed Net Yt4)vement In •JE4ts, Inthe th arg a8 fcIkr￿. ItKcthlng ResoLErco exyend*J Movement In funds Unrn•trl¢tod funds Gemral fiNNJ 314,428 1340,628) (26,2rK>) R•stslctodknd¥ 314.428 ￿L2(K)) TOTAL FUPID8 ¢offlpwth• kdorniauon In ofth8 pro¢¢othng wlod fol0￿. TranSf￿S At 1.921 nd8 31.8.22 Unrostrlctod Genèr81 ftw 15.940 64.170 TOTAL FUNDS C(>mp4ratlve net MOVth￿1n fuTTdB. InGludwd Intho abwe are 09 hLIow8: Regources Movement In fimds Unrestrfcted lunds l%nerd 284,&45 1268.895) 15,940 Restri¢ted TOTAL FUNDS 284.835 68,895> 15.940 Pagel 19 PUDDLEDUCKS NURSERY AND PRESCHOOL NOTES TO THE FINANCIAL STATEMEIKfs FOR THE YEAR ENDED 31 AUGUST 2023 17. EAIPLOYEE BENEFIT OBLIGATIOIIS The oharity cyerAles a d8flned contr￿All￿ Pe￿K*1 sthero. Th& i>Jsts ￿the period w88 £4,985 P022: £2,591). Contrlbuttons amounting to £1056 wBre p8y8bb to th& at 21 August 2023 {2022: £673) are ￿cluded wllhln Oth￿ uediior8. 18. RELATED PARTY DISCLOSURES The charflabb ￿Mpary t8ken **thtage ufex8mrt1￿. uxler thg tm of Ftnanc*l Rewting Standard 102 Tr F￿8￿#¥1 Rgporthg Standard ap￿1¢￿8 in the UK and of Ird8ntt. not lo d58cIo$8 foLqtgd p3ty tran￿￿0￿8 wlih vthcAly ovm¢d S￿$[d￿Se5 WTthin thB wup. The ts4rJ Borffj oftrLtste8 B Snth enwoyed by Ihe rtharity as adrn ar¥J thvwafter 8￿01 dub 8sd81ents and e4med gross salary of£21,338 and ￿loY*r8 p8nsKtn Cc￿11*￿10nS of £788. and gross 8818ry of£15.589 and employer8 pension contrabulicTh of £niE. Page120 REGISTERED COldPANY NUhlBEIi. 079831B5 {England Ind Wale8) REGISTERED CHARrrY NUMBER: 1147559 PUDDLEDUCKS NURSERY AMD PRE￿N00L ¢ONTEp¥fs OFTHE FINANCIAL STATEMEp¥rs Roferon¢o ènd Athilnl•tratfvo DetslT8 Rwt of the Tru$te¢8 4 to 6 R•port of thg In(knwxl8rbt Aud]torn 7 to 9 Stat•mgnt of Flnanclal Actlvllle8 10 Bal•n¢e Sh••t 11 Cash Flow St8tsmgrt 12 Noteg to the Ca¥h F1ty4V $14tsm 13 Notes to thts FltwKknI 8tat•ments 14 to 20 PUDDLEDUCKS NURSERY AND PRE4CHOOL REFERENCE AND ADMINISTRATIVE aETAEL8 Roglgl&red Company numbor 079831851￿91and and Wthe) ReglDtsMd Cha￿ty numbgr 1147559 ReglBtsr¢d offlco Pew99y Prlmay Sd SN9 S&5 TruBtso8'. N5&￿a Gilbert Caroline 8ayne5 {appoknted 4 2024) Danlel Clart (apFointed 14 January 2024) James {ap￿￿ted 14 JanuaryW24) Karen ShlekJ8 (*•polnted 14 January 2024> 8￿Cer(appo￿l￿J 14 Janu￿ 2024} Llnda Trapnell lappotnted 14 January 2024) Rogerwhlté (8pwlnted 14 Jaiuary 2￿￿4) BeveTi8y Snwth (resigned 14 JanLW 2024) SpAdor ltsnaggmfjntT￿: Company SoC*•tJrr. Audltorn: StaluWAudltor Ccdjnty G*9 C￿ty Way TrowtKidge Wltshiro BA14 7FJ Pag813 PUDDLEDUCKS NURSERY AMD PRE-SCHOOL REPOFrr OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 The Irugt808 wfio 8f8 8180 1*8ctors of Iho c*ath kn the PL¥PM8 ofthe CO￿leS Ad 21]06. pTrsent their report ￿th the finan¢iMI stateM￿)ts of the charity knr Ihe year ended 31 August 2023. The trustees ha¥E 8dopted the provlslons of Awunling 8nd Reportlng hy Ch*rltie8". Ststanenl of R￿mmendad Prnctice applicabk to charitiès prèparing their aacounl8 In ac¢Drd8nf* with the Finartu￿ Reportwu StwKlard apt4Nable in the UK and Republk of Irel8nd (FRS 102) {effe(Aiva l 2019). OBJECTIVES AND ACITMES ObJectlve8 and alm¥ Thè pdnclpd activlty ￿the i)Jnpany16 the pr￿1￿ olnu￿ry cgre ond l)r balxes and p￿￿(¥31 ¢hiktren. PubllG b9ngfft The tnthe¥ ¢oThfvm that tlw have coMpl￿d vAthts requir8m￿ts of￿￿On 17 ofthe Charlt18s Act201110 h￿0 thje regard to thv publk benefit gUIdon￿ publlshed by th& Charlty ComnwssKJn for Er¥Jland ond W*8. Almo and p&lomianw, PuddlthYu¢ks Nursory ￿m8 to promde htgh w85Hy, affwdth ttnd I￿ lor L*ikSr8n (Torn Ix'rth lo fve, ￿ a safe and 6uppo)1ivè envlronmenl, offarirvJ 8timulating and rewardlng aclth frx all 4)IIHie8 whgro staff are Supported and rewarded and p8fknw¥hlpu wth p8rerkts arE k¥ged. The Nursery rrystered with OFSTED vthith monlioT5 ihe n&fknal st8ndards ol thil(kwe p￿￿1s￿ln ar)d educatlon and rer£lved a ratlng of In all areas at the W Insp￿tr￿ September 2022. ACHIEVEMENT AND PERFORm￿cE In S8plwnber 2022 the Nurs8ry smned *ith Kiry Ajfred Acxdemy Tntst. TIM8 move resulted in do8eT YK)Tking Psywsey Primary Schod to delivera rwnded aw(￿ul￿M and seamless eyier*2for parents a5 Iheirchldtransttions from the Nursery ink> Pva8ey Prfvry Sthcd. In ad(It1￿), the trust have been able kn pro￿* In *th traknlNJ. devalopmRnt anfl stwort for our Staff in areas as SEN. Bafeguardlng and fin￿. The pa8tyearha58eon an InL¥&gseln thldren attentllng ￿dthe Nmry 18 ft￿at￿l￿￿fy. iknto Irmased numbers. Ihe alter 8￿￿01 dub b held the Pemi Pthrwy srtg in the sdKx4 h￿. In tot81 wo emplo￿& a lotsl of 13 *8ff. stsff hokl a rol*ant eaty yearfs walificèborb, onè of holds a levd 4 qualificatk)n. Staff arp enGouraged to devdop and m8intatn thdr skFTs. 2 of our oppronliw have QUa￿l¢d Mih ¥ W 3 qualllcthn thjring the year kntend to EpOnt 8nthr8ppronlke sh(ty. Tho NUr9￿Y rocfflts have t￿n retsc0￿ in n8th81 cokNK8 calN#ng forourdyldm. Wo hopg to extènd the ￿ed￿ration lolhe entra￿e nexl year. Golng Concern Pr¢dKI0d 8tterMlam remains goc•J and the tr¥Jslees ha%* B re￿nabEe exp￿ti￿ that the NUrn￿y ha8 adgqu9tg r8Gourw lo contH)ue in operational existence fortr* forese0* fulure. Fcff this rea8rm. il cOntir￿ to athpt Ihe gdng cem bagip kn We￿ing th&fin8Tri* statemenls. FIÈIANCIAL RErfIEW Flnanolgl posltk*b The Nursery had an itFyear deffidl of £282CfJ. At the 31 Aiiw 2023 ts actual F•)sltb)n w8¥ £37.97012tr22 £64,170). Tolal In￿rn9 forthg 12 month perfcKI was £314,428 (2022: £284,836). Total exw)dliurewa8 £340.628 PIJ22'. ￿.8￿5}. Klw Ajfred Trusl to¢* o¥tt theloase ofPuddlth(*s N￿(WoM Wltthlrg cow¥￿1 on 0 27 y88r remwning term In Sepl8mbèr 2021 Inyothnt pd All fuKls suryAus to tnTh*d10te are Inwthl to effed Re8orvo¥ poficy It Isth& PDl¢y lo n￿[nISh) Bufficiort reservesto coveryraffrig ujsts In Ihe shcrttemi. Atlhe of thg rgpDrtlng ￿rfo￿. totsl lunds held ar8 £37.970 ￿￿22. £64.1701. Thè Nur8ery reswv&s not incknled w#hln the rese￿$ polcy of Khg Awred Trust. Pagel 4 PUDDLEDUCK8 NLIRSERY AND PRE4CHOOL REPORT OF THE TRU8TEES FOR THE YEAR ENDED 31 AUGUST 2023 prI￿[Pa1 rlsks and un¢ortah)tlès The wfjwApal rfsks taong thè Nursery *e as S)Ikw8: Flnanclo1- 8 fall In Intake ox#d re8uIt In the Nurnwy beconlng unstaR)abie. The budoot18 Ilghuy monKorgd 8nd wularly updaw 7th18tesl forec86ts. stafflng-thosuttoss ofth6￿[Sery i8 depe￿Ient0￿ IheqLwIKy ofI8818ff. The n￿nItOrp￿mdo8&nd wocedures lo èn8urg contsnued d¥vdosxnenl and tiasiwng of8taff aThJ rAanning. Sofeguardlng and ¢hild protectFon-tho 1rn8t￿ ¢)kn to the hp3hesl slandord9 8re malnla1r￿d In Ihe 8olection and ffl0nlto￿￿ Df Btaff. the OF￿￿0￿ of woteth)n wk¢leB and procedures, h&alth gnd saffyty and dl8¢lpllne. FUTURE PLANS Thè NUr￿ry￿All (￿nthu0 lowork c4osdywlth P8wsey P[wnarysd￿. th8 wfdparound caTe will Cl￿£1￿&10 bo davgloped. dlctatèd by n*1. We are aworfj of the n*J to be abb to offer wrap around care all ourfarniltes by Seplernber 2028. The 88tting will U)n1￿￿e towoikloward$ w6ditadon for Tr CurN)styApwach'. an acc1￿M￿n ￿gnISIng CUFlosity, and won(fer in EaFly Year9 aNI k8 prMryding the #off ¥rtth opporiunitN* to r￿QW and r8118Ct on thdr provi8ion, 8t￿lonment th IN￿lE1ve [Tr)n￿$ tr cl)Ildren. We are croa11￿ thè thlnkeY8'. IFNest¥alors th)er8 oftheffiJturo. WewNI contlnue vthh wr ￿￿¥￿rat4￿ of Ihp settE¥ 8nwJrkng It b an h)vibng and ¢almlng spw for Olff thI￿ren. The Nursory wtll ¢xntinue lo enhgnL* and d8vek¥J knks whh th8 sthool. for example Sports Day and Chknas performarw b8 hesd on Iho sdM)d sits-1￿ a* ofth& and its fa¢iNlw and developlng stronger The OUt￿rItaMIng $￿eat P9wsoy Sthoolwlll be ufifwj bylhe Nur8&yto erthawtho18aNlrvJ opportunlfj88 promdeil lo the STRUCTURE, GOVERNANCE AND MANAGEMEiir Govornlnu docwnt Th& th8illy is ￿ntroll￿j by its go¥eTrMng domnL its MemoraTrawn A¢ffde8 DfAsBocHlion, and ¢i)nsdtutos miled company. lknited by guarantee. a8 dsffned ki the Conyn5es Act 2(Th. clwity WAS knwrwr8t8d on 9 March 2012. The Direclor3 ofihe Nursery aro al80 tharity truslee8 ￿the pwposes of charity law. UtKler th8 rwllremerrts of th Momorandum and ofas8Ct4akn tho lYust8a8 are el￿ kn sem k*a pe.FkxJ offwryearB afterwhich thèy mu8t be rfreie(*ed althe t)ext Annual Ge￿ra1 Meèling. Oryanlsatlonal strUG￿re and how the charlty mak•¥ declslon Klng Alfred T[￿t bs the"p8ront ￿)rr￿anY and sde member of P￿*￿Il￿*S Nursery and Pre SC*￿11. I￿ Alfred Trust holi18 oftheyotkng r*hts ofthe Nursery. The oftruske# nRets up to 6 year. InduGtlon andtrdlnlng of new tru¥tees The Irainng and of new ￿Stea$ ￿11 dgwd upon th8ir exstsng experienc* but wyjld Bfvmys I￿lude a tour of th8 Nur8ery and acknance to mBét #laff and chiklM. AU trustees ￿1¥8 Co￿E8 of polldes, proewjures ffAnule8 and flngnc4al infonratM)n rewtred to undertake thelr lole a8 Irustees aTrJ an exlstry truste& is appdnted a8 a mentor for the flrst 3 months Rl8k management The thJ8tees c(mOnue to revt8w Ihe Ma￿ strategi& bjstness and opwatlrAHI ￿￿kS wN¢h the W foce& Th8 rLsk gigt8r revtewEd at 8ath ￿r￿ m88lifw. Arrangements fors•ttlng rwnEmral1￿ of key m•Mgement pel6onn81 The trusléès review tho pay ofkty managem￿t P8tsmnel arnuaTrrf. Pay tiKtease8 are 8ward•J on ￿ basi8 of a successful p￿o￿lar￿ MWg8m￿￿ review. P8ge15 PUDDLEDUCKS NURSERY AND PRE4CHOOL. REPORT OF TrIE TRiJSTEES FOR ThE YEAR ENDED 31 AUGUST 2023 Fundralslng tylandanb Infomiallon The Nursgry dog8 not U80 any eXt￿nal fundra18er& All undertaken ¢*JrirvJ the year wa8 nN)nttorwJ by the IFUStegs. 8TATENENT OF TrUSTEEV RESPONSIBILITIES Tho InE$tees (who 4re 0190 thé dtrectcfs of PuddlEduc*s And Pr￿SC￿oI Linhed for th8 pUry>08￿ of company law) are respons￿19 for prep￿￿9 Ihe Rep¢rt of the TnMte8s 8￿j th8 finandd st*ments in ar%ordanc• wilh 4)plkab£e law and UnMorJ Klngdom Attounling Standards Kingdom (knralPy Arygplgd PFarUce). c￿panY law requires Ihe truGte86 trj wepare Statem￿ f￿￿81 year whlch glve 8 truo ond fair ¥iew ofthe 8t8tè of affair8 oflhe chalit￿e o)mpany and ofthe r8souJr88 and apdl¢ation of re￿1￿. the Incom& and 8Xpe￿Iltur0. of tha charita)la company for that In preparuvJ ￿)88 financlal State￿nIS, th& Inithes wuired to gelect $ultable accouth pol￿168 and thon aP￿Y th8m ob88rve thè mèthods 4rKI principles In the Ch8Fity SORP: make judgements and estim81es Ihal are reasorAble and pmparo tha financial statements on ￿ ts¥)uvJ c￿￿ern baEis 18 InappTosxiat6 to ￿￿SuM0 that thel charita￿e company wll a)nlnuo in bu8ThSS. Thg liuslaes ar8 respNtslble for kwirq re(%)JTls dlsd090 vthh TeasonaL4e a¢cur8cy aianylkno the fin8nci81 powton oflhe charl1ab￿ ojmpany and ID ￿blo tr>orour¢ thatthe flnBncial stsl¢ments COMp￿￿th the Companles Ad 20ce. TtrÉy 8re atso respo[￿ibl& for safeguarthrKJ tha assets of tr* thatitabie company and herJ¢o for t￿{1￿ rea80nable stepsforthe prevenkn ddB(knn offr•yJ a￿1 other rrewth. In 80 far a8 the trustee8 are awaro.. . 1$ no folevard authl InfornTrkn of￿1Ch the tharflable are urtaWa￿. 9Th1 Ihe trustees h8¥e taken al steps that they ou9ht to have knken to make Itrynseives ov4are of any rolwdrrt 8￿rt knformotion and ID Èst4blish that ihe auditcKs afe awaTr ofthal wrfom)ation. AUDITORS The audltors., SUmarA￿litcty Umitffil, pyoposed for ￿ppO￿tn￿rta1 ts f(KthcomN%J Annual General Meeting. 211slwz AFvroved by ordwofthe bo8rd of1J￿6 cfft........................................... and on tts by.. Ntojia GJlb& Pagel 6 PUDDLEDUCKS NURSERY AND PREXHOOL REPORT OF THE INDEPENDEP￿ AUDITORS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- HOOL Oplnlon We heve aud￿ ￿ fjnqndal BtBl8m&nts of Puddlethjcks Nur5Bry kn(1 Pre-scttwl Ithe'charitable compan￿) for the year èndad 31 August 2023 whth comprfsé th$ Statemenl ofFlrtanoal Adtvili88. ihs Balance Sheet. th8 Cash Flow Statement and nol¢s to the thancial statetnenls, including a summary of SNJnffi(xnt accounting wlicSes. The financial reportiNJ framgwork th81 has IKen applkd in their prepardlion Is applk*bl818w and UThted Kingdom Accountir*J Stsndards (Unlled Klngdom Gen8ralty A(￿pted Ac¢ounfi[￿ Praclice). In our opinlon th8fjnancAal st8tgm8nts: giv& a true and frdir vitrw of Ihg State of the ch8rtt2ble Compart￿8 affatrs as at 31 August 2023 and of tts incomlng r080uro&s 8nd 8ppli(xtion of resour￿, inclu￿1￿￿ its In[Th￿ and 8xpendibJre, for the year Ihen ended", havo boen pruperty preparad In act0rdan￿ wlth Unbd Kirudom G9￿rallY AC￿pted Accounting Pra¢tk8,' and have bgen propared in 8C(x)rd8nce th the requlrwwrt8 oflhe compan￿ Act 2006. Bas1$ for oplnlon We ci)nducled OUT audrt in ac￿rdanCe wlh Intemational Slandards (yn Audrling (UK) IISA8 {UKII and applicabl8 law. Our re5porisibilil￿S under those Standards are further dewl)ed in th8 AudiiorG' responslblllU6s for th& audrf( of the )Inan¢lal statomenls section of our rgtM)rt. W8 are Inde￿￿￿￿t (It the Gharitable company In accordance wlh the 6th1¢al roquiremenls that are ￿1evanttO ouraudil of the finar￿al st8tsments ir) the UK, IndudirKJ Ihe FRC'S Ethl(%l Standard, and w& hav8 fvffil1￿ our o￿T ethical respon&txlities In acconlayth wtth these w￿￿rnents. We believe that the &udlt evidence w8 have oblBln8d 18 sUff￿ntand appropri818 to pwwd8 a b￿S forouroptnknn. Conclu51ons relatlng to gglng concern In audiliro the financlal stat¢monts, have CondUd￿l that tho tru81ees' use of the goi￿ ¢thKem basls of aLxounting in the preparatlon of thg finon¢tal 8tatements is 8ppmprf8ts. Based on the woff.< wa hav8 p8rfonned, we have ident1fi8d any ￿￿tella1 u￿ErtaInl1￿S Telalng trj events or con(fiitons that, Individually OTQ)Ilectively, may caSt￿gnInI￿nt dwbt on tho charrvs abiltyto (x)nOnue es a golrg con¢xm fora p9ri0d of al lea6t ￿e1ve months from Ythen the fin￿r￿al stthnents arg aulhorised ft>r i%sue. Our responsIb￿rtses th8 ￿s￿nSibl￿￿ of the tr￿1988 with r8sP￿t io gothg conr*rn are descrfbed In the r8lewant sectlon8 of Ihls rgport. Other Infomiatlon Th8 bustee8 are Tespondb19 (Dr the (ther InfomTrtkn. Tho 0th6r infDrmalion comrM]sBs th6 InforniaJon Includad in the Annual Report otherthan thè financlal statements aTKI our Report olthe Independent Audltors thererfft. Our oplnlon on th&flnan￿￿ statemenLs do&8 ntst U)V8rthe other wrfomRlon and. except to extent Othe￿Se expllcty ststed in our repor( ￿ do not express any fom) of 888urarm CO￿￿S1on thereon. In connection wlh 0uraud￿0f the finandal statemonts. our respo￿1)171fy is to read thè olh6r Inftsmiatlon and. in doit¥J 80, CDnsidEr whefvr the other irrfom)atknn is m*oriaUy irxyjnsislent wih the firtsncaal statèmènts or Dur knowledge obtained In the audSt or otherwise 8ppeE*rs to bè matsrialty misstatgj. Sf we Identify Such tDatgriaS incon81siBn¢los or apparent m8tarfal mlsslatbmeTts, ￿ are requlrgd to deterrn￿e vthether thls glves rise ts a material misstatetnent tho financial stat6m&nts th&msdvÈ$. If, bas￿ ￿ thB WOTk we have perfoffl￿d. WB (x1nd￿j& that is 8 matsTO1 mlsstatemenl of thls other Informatlon, we ar8 wquirod to resK)rt that f& W& hav8 ntsthlry to TBW)rt in this rBgaTd. othgr Matter¥ The compaTativg finandal statements ar8 unaud1￿. Oplnlons on other matters prescrlted by th• Companlès Act 2006 In our opinion, based on th8 work undertaken in th9 Gwrs8 of th8 audL' the Informakn'on gwen In the Report oflhe Trustees forthe finanrAat yearfor%thith the ffinanrAal statements are prèpared Is conslstent wlth the financl21 slat￿￿nts., and tha Rwrt ofthe Trustees has b8&n prepared in wxordancewilh ap[th(¥￿ legal rBquirBments. Page17 PUDDLEDUCKS NURSERY AND PRE4CHOOL REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCI4OOL Matters on whlch w• arn ro4ulred to re￿rt by èxceptlon In th& light of thè kI￿￿edu& and undèrslandlng of the charilabie company and its enwTorm&nt oblBlngJ in the oours& ol th8 OLKIit, w& havo not identtfi@d matsri81 misstatements in Report of Ihg T￿￿tee￿. W8 have nothing to rewbrt in ro8POCt of1h8 folknwiru matters vkn8re Ihe Compan￿5 Act 2006 requlres us to report to you if, In (wr opinion.. adequate ac¢ounUng records hav8 ntst bè8n k8Pt or rrtums adequate for our audit havo not been r￿1¥¢￿ ffom brdnch88 not M8tt8d by vs-, or the financial statements are not in agr89ment pmnbng reo)rds and rebjms., Dr certain dlsclosure5 oftrust8os' rem￿eration 5pecsfied by l&v arè not made. or we have not recgNed all the infornation and expl8n8tions we wulre lor our auditr, or the trustees were not enti￿ed to tak8 advantwJts of small companies exernpuon from fhg wulygment to prtspare a Stratsglo R￿ort or In prepariro the Report ofth8 Tr￿. Ro$ponslbllltt•s of trustees As explalned more futy In the Statement of Trust6Eg Re4y)n8itilitss, the InJst&es Iwho are a180 tho threctors of the charitabb Gotnpany for the purposes of Company law) aTP resw)nsib18 for the ptsparation ofthe finan￿al stai&m8nts and lor b&lv¥J sallsfiod that they g7￿ a Iruè and falr VI￿. and for gjch intsmal conlrf 88 the trustees delermin81g necessary to enaNe th8 prepAratlon of finand818tatsmènts thal aTe fr8e fr(m rnaterial misstalewnent. vthether due to ￿ud or &rrN. In preparng the fir7an¢ial stsl8ments, the iw8t8eS8Te rEsponsible forassesslngthe L*aiitrablo ¢ompanls8bilMylo continug as a going concorn, d18cl(￿ng, as applicablo, rnattvrs telated to gohTr3 concem us'.ng th8 gDirwJ co￿￿M basis of accounlng unlesslh8 trustees ￿therintend to liq￿dat￿lJ* charma￿6 companyorto cease operat¥)ns, or havg no realis0¢ altematwg but to (kn so. 918 PUDDLEDUCKS NURSERY AND PRE4CHOOL REPORT OF THE INDEPENDENT Au￿￿oRs TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCHOOL Our r8sponslbllltlg5 foT the audlt of the flnanclal 8taiements ourobj8ttt￿s areto obtain reasonable assLJrai￿a abouiwhetherthe financial btstpmonts 8s awhDI? arèfreefrom matorial mlsstatsmant. wh8th8r du? to fraud or error. at¥1 to isgje a Re[￿ of thè Indèpendgnl Auditors that Includes OUT Dplnion. Ré8$onable assuranc8 is a h*3h levd of &￿VranGe. but is not a guarantèe that an 8udiE conduct&d In BCCDrdan¢s ￿1th ISAS (UK) wlll always dalect a malerfal misstatement when it exL%ts. mlsstat8n￿nts (sn aTl8è from fraud or error and are On8￿er9d materfal if. ￿d￿kdUallY or In fhts aggregale. tlw roasonthy b& &xpèct¢d to Infiu8nL% the economlc dtrcisions of users tsken ¢)n the basis of thèsè financid statements. Th6 extent to whh* ourproc£dures are of det￿Ing Ir￿uL9r11￿5. intluding fi8ud ￿ d8lall8d tXg10w. Based on our undertstsrnllTrJ of fh& rJ)arity and the provision of ptB schopl sgmws. we idgntifiBd thBI the prfndpal ri8k8 of rN)n-complianc6 laws and wut8ttons rO￿ted to *uatdiT¥J, hgalth and safety, employinenl Igw. Compani8s Act 2006 and Charity L￿, and we consldorgd th8 ext&nt tDwhlch n)n￿M￿lance might IHYO a matsrial tht on the financial 8t8toment8 of the tharity. WB also consid8rt Iho88 lav*S and wllL4tlona that have a diypct impact on the preparalon Df th8 finanBlal statsmerrt8 such as th8 Companies AL* 2Cth and th& Charitles Ststém&rtt of Ro(xJmm8nded Practicg. We evalua￿ manwJement& in¢onUve8 anLI oppthinl1lesforfraud￿DnI rllanroulalion ofthe11vyan￿a1 51atements{IncludSng thè rfsk of ov8rrid8 ofcontrc4s) and detsrmined thatlhe prfndp81 rÉsksw8rg rpla￿l to revenueTBcoyrhibon and management (>ve￿K19. Audst pro¢edwes performèd bylhe aurfit engynMI tèam IndUd￿.. - di8CU68ions wth managemonL in¢ludirvJ c￿S￿leratiOn of or in8lanrM of non-compllance wth ar￿ Wulat￿n8 aTvI fraud", - understanttiru and review of m8n8gewenl's intemal ￿ntr￿S dgsw ID and delect irrBguLgrib&q. and fraud. - review of minutes of Ihe TTUStog8 meettngs: - d9￿gnIng audit prc¢edures tu ivKorporate unpredtdabilitr. - P8rf0rn1ing anatytiLxI p[c￿edUl8$ to Klentify arty unuw81 orunexpthl r*lionships that mvJht Ind￿ta iisks of mat&rl81 mlsstatemerbt duo lo fraud., - revlew of thg fina￿al statemetrtsdi8closureB and t&sllng tOSUPFK*iing (J(Ku￿￿ntaIi0n to a5898sconn)lianc8wllh rglevant laws arKJ regulations dlscussed above., - enquiring of the Tmstees and thlTdyaTty alfvis0￿ 8boul 8(aual and w)t8ntial libgabon and daimtr, - t8sting trark8aGtions entered into outside ofthe nom181 cgurse ofth8 thwrity's business", and - identifwng a￿d testing loumal gntri98, in Forticular any joumal BIrt￿5 wlh fra￿A ￿lar￿118t￿B suth a$ loumals wth round numbers. There are inherent fimitalons In th8 audit PTocedure8 d¢s¢ribed #bM 8nd th8 fijrther rgmov8d notFcompliance with laws and regulations 15 from ev8nls and the transa[kn￿ in the ffinancial statements. the 108$ likely we ￿￿Uld become awar8 of it. Aso. the rf8k of not detecttTrJ a materBI wlli5Statemont due to fraud 15 highor than th6 dsk of not detedng one resulUrYJ fiyjm grrrx. as fraud may Invofv8 drfib8rate concealment by, fDr example, forg8ry or Intenuonal mlsrepresentstions, or Ihrough collu*on. A fvther descriptkw] of our rosponssL¥libes for thè audf( of the financi￿ statem8nts 18 loca￿ on th8 Financial Reporting wetss￿e at ww.frc.0Tg.uklo￿17trjr$rnSt￿5l￿I1lhe8. This dexrptlon fomis part of our Repcfft of the InL*pe)M16nt Auditors. Usè of our r8POrt Th1$ raport 1$ mado solety lo the charilable company's membeTS. as 8 brty. In a(￿rdanc6vAIh Chapter 3 of Part 16 of Ihg Compani95 ￿ 2006. Our audlt work h&8 twn undertaken thatwe mlghl stab to thg d)arllabte company s mombor8 th088 matteTSwe arg requwed trj stat6tr) them in an auditors, Teportand for no therpurptsse. To tho fijllest extent perTnitt8d by law. w& do not accepl or assum9 res￿nSi￿1ty to anyone otr*r ihan the ¢harflabl& cx)mpany and the ¢haritab18 company's meThEb8rB as a bo(ty, for Dur audit work. for Ihl8 rèpotL orforlhe wni¢)ns we have forni￿. James Gare FCA DC￿4 (Senior Statsrtory Audltor} for and on beha￿ (rf SumerALKlItCo Limbted Statutory Audrtor Chartered AL%ountants County Gat8 County Way TroV￿ridge Wllishlta BA14 7FJ D8ta: 28 May 2024 Page19 PUDDLEDUCKS NURSERY AND PRE4CHOOL STATEMENT OF FINANCIAL ACTivrnES FOR THE YEAR ENDED 31 AUGUST 2023 2023 Total fvnds 2022 Total fvnd8 Unre8lrTCtod Rg5tiirted fund fijnds INCOME AND ENDOWPAENT5 FROM tk)nation8 and IwJ8¢￿8 262 Investment Income 217 217 Charftable actlvfttè8 Nur88ry and Pr&School 314,211 314.211 284,567 Total 314,428 284.835 EXPENDITURE ON Charftable actI￿tI8 Nursery and PrtrSctK 340.V28 NET INCOMEI{EXPENDITURE) Transfers between fvnds 17 Nèt mov6m•nt In funds {26.2tx)I 126,2001 15,940 RECONCILIAIION OF FUNDS Total funds brOUghtfon￿rd 64,170 ,170 48230 TOTAL FUNDS CARRIED FORWARD 37.970 64.170 Pagel10 PUDDLEDUCKS NURSERY AND PRE4CHOOL 01qt 31w C&sTh C￿d L4a(eJ BAL1￿CE SHEET AS AT 31 AUGUST 2023 2023 FIXED A8SErs Ta￿ble assets CURRÈNT ASSETS Oeblof8 Cash ot b8nk ￿ in trAnd 13 3,533 77.179 70.8eA) CREI)ITORS Arn￿nt8 fallry du8 wlhin one y8 14 (39,209) 16,710) NÈT CURREbrr AS8Ers TOTAL ASSETS LESS cuRR￿T UAwnES NEf A8sEf8 FUND8 uNr&S￿¢￿d fimds R6strlcled fvnd8 17 37.970 84,170 TOTAL FUNDS finorthl statemgnts have been prep•1 In *XlYda￿ tho kThf8l¢￿8 applLxble to d￿dIabl9 comporyo 8uW¢X to the 8mdl comp4nley reglmè. ftnandgl $tHt8ments 8ppmedbythe Bcwd L*TrtMteesond ath(x180d tr188uèon...ILloflzoAk....... and w8r8 glgned on its behoifby.. Nlcol GlI￿rt- Tru8tee Pagel 11 PUDDLEI)UCKS NUR8ERY AND PRE4CHOOL. CASH FLOW STATEMEKf FOR THE YEAR ENDED JI AUGUST 2023 2023 C•¥h tJ¢ws fmm operafln9 aouvlllps Ca8h generated from opernuons N8tca8h pro¥lded bycpernfjr￿ a¢tivltkn¥ Ca¥h IIow8 from ITNOsllng 4GlIvI￿•s Purchase oftryits40 fjxed asse19 Not ￿$h provided byl(used b)) In¥88fjrtg acifvlUg8 217 Chanp in Cash •nd c•Jh awlvolvnts In the reportlng perf¢xl Cash and cash eoulvalenttr at tho b9glnnlng oftho rwrtlng ￿l¢d Ca•h and calh tyulvalents at tho end of 2 the pgrlod Pag8112 PUDDLEDUCKS NURSERY AIID PRE4CHOOL NOTE8 TO ThE CA8H FLOW STATEmE￿r FOR THE.YEAR. EMDED 31 AUGU￿ 2023 RECONCIUATION OF NET IMCOAIEI(EXPENDITURE) TO ￿ CASH FLOW FROM ￿ERATING ACTIMTIE8 2023 2022 Net In¢omelloxpwth) forthg ropvrfTV PertrAI {•• pertt Statoment of Flnanclal A¢lfvltie8) Adfv8tments lor.. Int¥e8t Rece[￿1 Doc￿se10n¢￿as&) In debtor8 ecreas8ykncrn86 in (x￿1t0￿8 {262(X)) 15,940 (217) 13.533) <8) N•t ¢4sh pro¥lded by opbratlo ANALYSIS OF CHANGES IN NEf FUNDS At1.9.22 Cash ) At 31.8.23 Not cash Cash at ba* •d In hand Totsl P8ge113 PUDDLEDUCKS NURSERY AND PRE4CHOOL NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 STATUTORY INFORMATION Puddleducks Nurw aNI pr￿h￿ 18 8 charAth tr)mFW ty guarantee, wllhwt 8hare caF4tal, the CoMp￿Y registratlcffi wmber rpgthd gddre88 arF gkn In the tru8teg9 roprrt ACCOUNnNG POLICIES Ba818 of prepartng the ftnanclal staternents The fin8nc¥al stalements of the charitable o)mpany, b8r6frt 8nffty under FRS 102. havo been prepared in accordance y￿th the Charities SORP {FRS 102),AC￿unlSng and RepDrtlng by Chavities.. Slatsment of RècommÉnded Practice aFPtkpbteto ch81ibesprepaing their actx)unts in a(￿d￿n¢% the Fh)ancial Reporting Standard 8ppll¢abkn In the UK and ReKxbll¢ of Irdajd (FRS 1021 (effgc*ve 1 Jarnjary 201W', R&pDrtlng st8fK18rd 11Y2 Yhe FIn￿￿ Reportlng StaThlard appWfe kn the UKand Repth1￿ of IrelwKf a￿dth& C(mwl Act 2006. stat8mants have been wKler th? trAstoriL*I cc6t convention. The fin8ndal statements 8re w8pared on 8 gcthg Con￿ bash undw the h￿0[￿1 ￿￿¥ention. m¢dlfbd to Indudo ItOfn8 al falr va[￿. Th& fthanfaat st8temerts are wepar&l in slediThJ wh1(* 1$ the fmdon81 cu￿enCY of Iho chaTity and TDundod to tho ne8re81 [X)￿(L Golng concern The truslee8 aB88S6whthrths uBa of wg (yJThxn 1$ approwbb 1.0. *Al*ther thère are aDy rnateri UncertaIn￿eS retated to events ￿ cyjndlllorts that cast 4nJfic*nt doubt on the a￿lMY oftha tharil&ble cL*mpany lo G￿tinue as a The trustees make fhl$ 8ss05gnènt li res￿￿ ofa period of at knt one yaarlrom the dats crf auth￿l￿￿b fDf of its s18tem￿lS a)d havo fX)nthded thalthè charltawo cornpany ha3 adequate rO80U￿ to¢OntIn￿ kn operalonBI existence fortha fores8eab18 thre and Ihere are materfal uncertainfies about Ihe charitatAo (%)mp8ny's abllty to C￿ntinUe 88 a gokng con￿rn. I thay cortinuè to adopt thg ￿Ing corKwn ba* of xaxjnknj in wepwing fin*al &tatsrn￿ts. Income All Incom•18 r8￿nI*l In ts Slai*m&* of Fts￿￿1￿ Pdntitss once the ha8 enOtt8rrEnt to Ihe fmds, tt Is probable thatlhg vlll be r￿1%*￿ tho 8nMxml ￿ be meB8ured refithy. Ino)me from 9ov8mmerrt atMI ￿her fv wthether 'cawtaf gratts or.w8n￿. uvunt8, 18 rnthwl8ed when the thariiy has enlitJem&tt to ts fijrnls, con(¥tic￿5 attthd ts) tho grants been met. St Is probal)le Ihat the w]11 b8 re4XNed and the amcth c¥n bè measu￿1 relab￿ 8ThJ Is ncl d91orre(L ExpBndlthrp Llabllltlesare rec￿18￿1 ae expend#ure36 8c#)n a8lhere E8alegal Dr(￿st￿￿eObII9al1oncoMrr￿t￿n91h9 cFArity to that expendiura. it is wobth that a lrnnsferof L*n8frts wil be rEquSred in 8etttgmenl8nd Ihe amount of the Ob￿gatiOn can be measured reliabty. Expenditure is auxjurtted fT)r on an 8¢Cfuals basls and has been dassI￿d under heRdings that aggregate ax cost related to (*tegi)ry. Where o)8ts txnTh)t be dlr¢¢lly attributad lo paToo￿aThe0d1rtyJ$ tl*y havé been olloo￿￿ to a b8Sts CTh)8ttht¥Ath th& Gl r¢gDurces. tw¥er8W? VAT 1$ chArgg1 agalrtthe expenthlure he￿Th￿fC￿ T*thlth k)curs￿l. Tanglbl& fixod asse As$el8 ¢(tstkng M,000 or moKe are co￿Sed f￿d as8ets Canled at cosL ngtofdèpre¢*l￿. Depredatkn Is wovkied attho kjllwlng annual ratss kn4xtsto *Ylle off eac* ab5et over ils e8lwnated usthl Ufe: Long le858h)Id buldltw$ 15 to 100 yws Le8B$hdd IMpr0￿m0n1$ 20 y8ars Flthre8, fiWng8 and wtpmwl 5 yvurn tT equlpmonl 3 ye￿5 Puddledth Nurswy 8NI Pre Sd)ryl le8¥8d from Wthhite Cou￿￿. In Septembw2022, the Nursery Joined Klng Alfred TN8t A4xi al that pdnt took over 27 kn8e from Wthtyre c￿11 for n COn￿deratIOn. Taxati Page114 PUDDLEDUCKS NURSERY AND PRE4GHOOL NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR EMDED 31 AUGUST 2023 ACCOUNTING POUCIES - cOt￿lnu8d Fund accounllng Unra8lricbY l￿dS can be ￿ed in a￿rd￿ with the dwllthg Ob￿ al the d18C¥gtlon ofthfj tnJslse$. R6stFthd fund8 only be used forpthl8r restric￿ purF¥)ses within ts obABcls oflho ch&ty. R851dction8 l$e %then Sp￿trIed by the d(￿rOrWhan fvnds are raised forpaJtlwkv re51rbaed wry)0Sg9. Further ex[4angti￿ olthenatute and pUrP￿0feach fuNI18 knduded hi UE notes b) the1kn&Th￿fiI stat9n￿. Pen*lon c08t8 and othar p0yt-rot1rfjm￿t benorrt6 Th8 ¢haritable company operai6s a dèffined c0fth1￿11￿ [￿nskn 8chgmo. CcrttdlyJtlDns pwbte to Ih¢charitable Comp￿￿1 wsion scherfio ale rtharg&J to the StatenNvrt of FbwKIoIAdJvlttes In the [￿￿￿d towhl¢h they rel810. FlnarKtal inBtruments The rtharay ha8 financtal 888ets flnandal W11&8 of a klnd that qU8fty as ba3ic financkl 1n81rUw￿n1$. Ba81c fin&N>al Instruments are initk9fy rw¥sed al tsar￿￿[on y￿ue and &thequonlly measured al th6ir 80ttlamentva*J6. Dèbtors Trade and (rther debto￿ w¢ r8¢OgnIs￿ al the ethttem￿ gller ony trado dsciwnt offer¢d. Prepayrrw#s aft valued 01 ts 8mwnt wppald net of any trade dlscw dug. Cavh at and In ha*)tF C&8h at ba￿4nd ca8h in h8ThJ InduJe8 short temi hlghty tlquid invesknEnts with 8 Bhort matt¢rftyof thre• months or le88 frtwttthe dato ￿ acqui&ftKJn or opening of th8 d8wsS¢ or8imd¥ awunL Cwdlb)rn and prov￿on9 Credllors and provssions *B recogni8￿ ￿there thè has a FKesenlobfigatton re8ultlng frtyn a past èvèntthot probatAy tesL*I in Ihe transfer OF funds to a third party aTrl thg ￿￿￿rrt due lo $elll& the obligaNon can be moasurcd or estimated Tdkabty. Creditors end proth￿ are Trjrrftalty rth￿8￿ at thelr settlement omujnt after lo￿￿9 for 8rtytr8d& (bJo. DONATIONS APID LEGACIES 2022 Donat￿n3 262 IMCOblE FROM CHARITABLE ACTMTIES 2023 Fees G￿nts 216,097 98,114 164,441 120.128 314211 PagBI 15 PVI)DLEDUCKS 14UR8ERY AND PRE4CHOOL MOTES TO THE RTr14NCJAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 20td CTrIARtTABLE ACTJvrriE8 COSTS DI￿t C08ts ( noté 6) Supp)rt ¢08ts (See note 7) Tot818 Nursery gnd Pr&Schc DIREGf COSTS OF CHARITABLE AcThimES 2022 Woges sod￿ 8ecurity Pension$ Other Empbyee cc4ts Inc8taff traknirwJ E*Jucati(M)al Supplies 178.250 11091 3.683 157,880 4.319 1,802 1,523 7.500 4.1187 SUPI>ORT COSTS 2022 Nursery Pre-sd 143,559 90,871 Sutwt eAJsts. ￿Uded In the atw. as b)IkNts.' 21r23 2(r22 Supp(¥t Slaff Costs Technology Costs PNnLse8 Costs 81 Costs othor sup[￿ C08ts Al￿111￿￿ Nnunoration 78.789 3.474 20.7ce 18,095 18.893 4.800 52.4e9 407 26.208 16.297 490 143,559 SS,871 PBge118 PUDDLEDUCK8 NURSERY AND PRE4¢HCIOL NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 31 AUGUST 2Q23 MEf INcOMEIIEXPEND￿uRETr Net Incon￿/(e>l>end￿tUrel1S stated aftor ch*Llnty((xthg): 2Q3 21Y22 Auditor& reAwnethn Independ￿ 8X8mh)alk 4,800 490 TRUSTEES. REMUNERAIION AND BENEFrr8 The Trustse B Smmh. 18 empbywj by the tharty 88 Nusery Mana9er and wned gross s*ry of £35,23912￿.. £26.￿J) ond ￿np￿JyÈrs contritrth of£840 P021. £623) Trustw. •xpen80S Ther• were nl) tnJstee¢ eypens8s ￿k1 forthe 31 August2tr23 fr(theyearend8d 31 Augwt 2022. 10. 8TAFF COSTS 2022 Wages arvj 9814rleB Sodal seGwity ¢xJ Oth8r ￿nsIon 248,481 7, 208,547 270,822 218 470 The Key M8napmEnl Persml of the ofts m9n￿r. Th totsl an￿rrt of emplo￿ benoffts {$8lary, emplwerf8 nattwl InSur8n￿ and ￿n9￿)n conttlxthclw) wd to key nwnag•m8nt personnel In tho year was £39,59512021' £30.212}. The average mnthty nunber of pJMpkny•88 dtulng the yewwa8 as foUc*xs.' 2023 13 2022 13 COlaPARATIVE8 FOR THE STATEAIENfoF FINANCIALACTMTIES Total fund8 INCObE AND ENDOIWENTS FROIA DOn￿lInS Inve¥mont fvJJna Charitable advEO89 Nursw and p￿ Sd)w 284.$67 284,567 284.835 284,&qS EXPFJIDIIURE 011 Charltable acttvhi•8 Nurs￿ 8nd P￿schOO[ 80 895 NET INCOMEI(EXPENDITUREI Tran•f¢rn bgts¥oen ftmdg 15.940 15,940 Not mo¥Bment In funds 15.940 15.940 Pa￿1 17 PUDD]&DUCKS NURSERY AJ40 PR&SCHOOL NOTE5 TO THE FINANCIAL STATEMEiifs FOR THE YEAR ENDED 31 AUGUST 2023 COMPARATIVES FOR ThE STATEMENTOF FINANCIAL ACThTnES-contln￿l UNe8lrl¢ted Re8t fund IwbJ6 Total fund6 RECONCILIATION OF FUNDS Total fund8 forwarrl 48,230 TOTAL FUNOS CARRIED FORWARD 12. DEBTORS: AMOUNTS FALUNG DUE wrniiN ONEYEAR 2tr23 2022 deb 13. CREDrroRS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2￿3 2022 Sod81 and thrlax86 Amotytts ovAnylo gKJup undert￿ng$ Other crfjdlors Ac¢nds d8f8rrad Inr 4.748 19,319 1,532 Dgf8Th8d kncorrts of £J4il P022: £1,327) 1S. ANALYSIS OF NET ￿SErs BETWEEN FUNDS 2023 fund¥ 77,179 77.179 Curront ¥aWitse6 2022 Tot81 Unreslricied Restii*d fuThJ6 Current a$88 Curt¢nt IlalAMes 70,880 6.710 64.170 W118 PUDDLCDUCKS NURSERY AMO PRE4CHOOL NOTES TO THE NIIANCIAL STATEMENT8 FOR THE YEAR ENDED 31 AUGUST 2023 16. rrfovEMEIU IM FUND8 Tran8fè befv4&0n f￿d9 At 31.8.23 At 1.9.22 kn furKts Unrn8trl¢led funds 64.170 (28,2CQ} 37.870 Ro8trl¢tsd fund8 TOTAL FUNDS 2(KJ 16. MOVEMENT IN FUNDS . ¢ontlwed Net Yt4)vement In •JE4ts, Inthe th arg a8 fcIkr￿. ItKcthlng ResoLErco exyend*J Movement In funds Unrn•trl¢tod funds Gemral fiNNJ 314,428 1340,628) (26,2rK>) R•stslctodknd¥ 314.428 ￿L2(K)) TOTAL FUPID8 ¢offlpwth• kdorniauon In ofth8 pro¢¢othng wlod fol0￿. TranSf￿S At 1.921 nd8 31.8.22 Unrostrlctod Genèr81 ftw 15.940 64.170 TOTAL FUNDS C(>mp4ratlve net MOVth￿1n fuTTdB. InGludwd Intho abwe are 09 hLIow8: Regources Movement In fimds Unrestrfcted lunds l%nerd 284,&45 1268.895) 15,940 Restri¢ted TOTAL FUNDS 284.835 68,895> 15.940 Pagel 19 PUDDLEDUCKS NURSERY AND PRESCHOOL NOTES TO THE FINANCIAL STATEMEIKfs FOR THE YEAR ENDED 31 AUGUST 2023 17. EAIPLOYEE BENEFIT OBLIGATIOIIS The oharity cyerAles a d8flned contr￿All￿ Pe￿K*1 sthero. Th& i>Jsts ￿the period w88 £4,985 P022: £2,591). Contrlbuttons amounting to £1056 wBre p8y8bb to th& at 21 August 2023 {2022: £673) are ￿cluded wllhln Oth￿ uediior8. 18. RELATED PARTY DISCLOSURES The charflabb ￿Mpary t8ken **thtage ufex8mrt1￿. uxler thg tm of Ftnanc*l Rewting Standard 102 Tr F￿8￿#¥1 Rgporthg Standard ap￿1¢￿8 in the UK and of Ird8ntt. not lo d58cIo$8 foLqtgd p3ty tran￿￿0￿8 wlih vthcAly ovm¢d S￿$[d￿Se5 WTthin thB wup. The ts4rJ Borffj oftrLtste8 B Snth enwoyed by Ihe rtharity as adrn ar¥J thvwafter 8￿01 dub 8sd81ents and e4med gross salary of£21,338 and ￿loY*r8 p8nsKtn Cc￿11*￿10nS of £788. and gross 8818ry of£15.589 and employer8 pension contrabulicTh of £niE. Page120 ## **Private and Confidential** The Trustees Puddleducks Nursery and Pre-School Wilcot Road Pewsey Wiltshire SN9 5EJ Our ref: JAG/HW623056 21 May 2024 Dear Trustees ## **AUDIT YEAR-ENDED 31 AUGUST 2023** We have pleasure in setting out our comments and recommendations on matters which came to our attention during the audit of the financial statements of Puddleducks Nursery and Pre-School (“the Charitable Company”) for the year-ended 31 August 2023. International Standards on Auditing requires us to communicate various matters arising from the audit including: - Significant audit risks identified. - Our views about significant qualitative aspects of accounting practices, including accounting policies, accounting estimates and financial statement disclosures. - Significant deficiencies in internal control. - Written representations. - Adjusted and unadjusted misstatements. - Our responsibilities in relation to the financial statement audit. - Significant difficulties, if any, encountered during the audit. - Any modifications to our auditors’ report. - Auditor Independence. These issues are set out in this report. Please contact us if you need further clarification or our assistance on any of these matters. We would also like to place on record our appreciation of the assistance provided to us by your staff and yourselves during our audit. Yours faithfully James Gare (Senior Statutory Auditor) For and on behalf of Sumer AuditCo Limited ## **Significant audit risks** The key areas of audit focus which we identified as part of our overall audit strategy and how they have been addressed are as follows: |**Audit area**|**Our approach**|**Conclusion**| |---|---|---| |Management
override
of
controls|•
Inclusion
of
an
element
of
unpredictability in our testing.
•
Complete focused testing on a sample
of journal entries.
•
Review of meeting minutes
•
Review for unusual transactions
•
Scrutinise transactions which do not
follow
the
correct
authorisation
procedures or which do not have the
appropriate supporting documentation
in place|All
transactions
tested
appeared reasonable and
made for valid business
reasons.| |Revenue recognition|•
Control walk-through testing in the
income cycle.
•
Cut-off testing at year end to ensure
income is recognised in accordance
with Charities SORP2019.
•
Detailed
analytical
review
to
understand variances in income.
•
Review trustee meeting minutes and
agree any income recorded to the
accounts.
•
Substantive testing of accrued and
deferred income balances.
•
Sample test grant income to
supporting documentation
•
Sample test from planned session
attendance through to invoice and
published price list.|No issues noted.| |Restricted funds|•
Identify the restrictions by reviewing
correspondence.
•
Review fund allocations prepared by
client. Sample test expenditure|All
transactions
tested
appeared to be spent on the
purpose given. All income
transactions tested appeared
to be correctly restricted.| ## **Significant deficiencies in internal control** We did not identify any significant deficiencies in internal control. In Appendix 1 we set out our recommendations for improvement for internal control weaknesses identified during the audit. These matters may not represent a complete reflection of all weaknesses in internal control. Our audit procedures are designed primarily to test the accounting systems in operation to enable us to express an opinion on the financial statements; they should not therefore be relied upon to reveal all weaknesses which a more extensive examination might develop. ## **Errors identified** In Appendix 2 we set out a schedule of adjusted and unadjusted misstatements which came to our attention during the audit (other than those we considered trivial). ## **Representation letter** The representation letter contains errors identified as set out above and standard representations required. It contains no non-standard representations. ## **Other matters required by Auditing Standards to be communicated** These are set out in Appendix 3. ## **Limitations and responsibilities** Some of the content of this report comprises general information that has been provided by, or is based on discussions with management and staff. Except to the extent necessary for the purpose of the audit this information has not been independently verified. This report has been prepared for your sole use as the directors of the Charitable Company and must not be shown to third parties without our prior consent. No responsibilities are accepted by Sumer AuditCo Limited towards any party acting or refraining from action as a result of this report. ## **Appendix 1 Internal Control Observations** ||**Observation**|**Risk**|**Recommendation**|**Management**
**comment**| |---|---|---|---|---| |||||| |1.|Payroll authorisation – risk level – medium
We note that payroll reports are not documented as
approved.|This increases the risk of
fraudulent
amendments
being made.|Payroll reports should be
documented as reviewed
and approved.|| |2.|Remuneration of trustees – risk level – medium
We note that B Smith is nursery manager and a
trustee. Charity rules only allow trustees to be
remunerated if the charity articles allow it or if
approval has been obtained from the charity
commission.|The charity is not allowed
to remunerate trustees.|We recommend that B
Smith resigns as trustee
and a KAT board member
is appointed. Alternatively
the articles of the charity
can be amended to allow
remuneration of a trustee.|| ## **Appendix 2 Misstatements** ||**Puddleducks Nursery & Pre-School– Audit errors**|**Puddleducks Nursery & Pre-School– Audit errors**|**Puddleducks Nursery & Pre-School– Audit errors**|**Puddleducks Nursery & Pre-School– Audit errors**||| |---|---|---|---|---|---|---| ||**Year Ended 31 August 2023**|||||| |||||||| |||||||| |||||||| ||**Un-adjusted audit errors**|||||| ||||**P&L**||**BS**|| |**JNL No**|**Client nominal**|**JNL Detail**|**Dr**|**Cr**|**Dr**|**Cr**| ||Accruals|late invoices not accrued for|1,155.00|||| ||Expenditure|||||1,155.00| ||trade debtors|credit balances in debtors|||280.00|| ||creditors|||||280.00| |||||||| |||||||| ||||**1,155.00**|**-**|**280.00**|**1,435.00**| |||||||| ||||**Net**|**1,155.00**|**Net**|**- 1,155.00**| ## **Appendix 3 Other matters required by Auditing Standards to be communicated** |**Matter**|**Sumer AuditCo Limited Comment**| |---|---| |Auditor’s Responsibilities in Relation to the Financial
Statement Audit|As detailed in our engagement letter:
• Sumer AuditCo Limited as auditors of the Charitable
Company are responsible for forming and expressing an
opinion on the financial statements that have been
prepared by management with the oversight of those
charged with governance.
• The audit of the financial statements does not relieve
management or those charged with governance of their
responsibilities.| |Significant qualitative aspects of the entity’s accounting
practices, including accounting policies, accounting
estimates and financial statement disclosures|No issues identified.| |Expected modifications to the auditors’ report|There are no expected modifications to the audit report.| |Auditor Independence
We
have
reviewed
our
independence,
including
consideration of whether:
• The firm is dependent on the Charitable Company as a
client due to the significance of the audit fee to the firm
• The firm is owed significant overdue fees
• There is any actual or threatened litigation between the
firm and the Charitable Company
• Any benefits have been received by the audit team which
are not modest
• Any members of the audit team have any personal or
family connections with the Charitable Company or its
officers; or
• Independence is impaired through the provision of
services other than the statutory audit.|There are no potential threats to our independence and
objectivity.
We can therefore confirm that Sumer Audit is independent
within the meaning of the regulatory and professional
requirements.| |Risk of fraud and error in the financial statements
We are required under International Auditing Standards to
consider fraud risk throughout the audit. In particular we
must
consider
management’s
arrangements
for
preventing and detecting fraud and error.
Fraud risks may include asset sales at under value,
suppliers
over
billing
for
goods
and
services,
misappropriation of assets and cheque frauds, as well as
manipulation of financial results.|No issues identified.| |Significant difficulties, if any, encountered during the audit.|None encountered.|