Re8lrter•d tharlty number,, 1154939 KAMELIA KIDS Icio) FOR THE YEAR END 31 DECEMBER 2023 KAMEUA KIDS LEGALAND ADMINisfRATIVE INFORMATION Patron Lady Emma 8amard TrLthe5 K Haffenden (Chairl D Calderwood IAppc¥nted 12102120241 KThcfflp50n Pjamian L5mlth launde￿ (Resiqned IVOV20241 P Byftdd (Reslgned 12IOV20241 Nursery OperatTons Dlrector S Charlesworth Chadty NLll)thr 1154939 Company Number CELJJ1502 IrBslstered externanyl Re8lsterEd Offi£e & PrlrKlpal Addr05S Kamella Klds Day Nursery Wellesley Avenue GorlnB-by-Sea Worthin West Sussex BN12 4PN Audltors TCGroup The Courtyard Shureham Road Upper B¥eding steyning West Sus BN44 3TN Unlted Klngdom Bankers HSBC Bank WaI￿ck Stree( Worthing I Watvjlck Street WorthlDg West Svssex BNIL 3DE WebsSte http'./IwbVW.kamella￿dS.org.ukI KAMELIA KIDS CONTENTS Pa Trustees, Report St￿ement0f Trustees, Re5pon51bilities Report of the Independent Audltors statement of Flnanaal ActMtle5 li Balance Sheet 12 Cash Flow Ststement 13 NotÈ5 to the Flnan¢ial 5tstements 14 KAMELIA KIDS TRUSTEES, REPORT The Tru9tees' presert the annu?1 reporttogether w￿h the flnanclal statèrnents of charlty lorthe year ended 31 December2023, The accounts have been prepared In ac¢ordan¢e wlth the accountlng pollciès set out In note 2 to the accounts and comply wlth the Charl￿S gowernlng document thecharltles Act 2011 and Accountlng and Reportlng by Charitie5: ststemernt of Recommended Prattlce appllcable to charltles preparingthelr accounts In accordance wth the Flnandal Reportlng standard applicable In the LfK and Rèpubllc of Ireland IFRS 1021. ObJe¢tlves and artmtses Oblerts undolms Tha objects of thÉ tharlty ara asfollow5: o support 811 chlldren partlcularlythose wfth 5pedal and addlgonal needs due to sickness, physlcal or Menta5 dlsabllityi povetyorwclal and ettjnomlc clrcumstsncesthrough the provlslon of facIll￿e$, help and education, Indudln8 5UPPOrt tothelrfarnllles and carers, to enable them to achleve the P05slble educatlonal developmental and other out¢omes.° Obh¢tlves strtsteolas onductfvltles The Charlty to fulfll Its oblectsthr¢ugh the pr¢wlslon of eady yeats learnlng and developmqnt to chlldren of all abllltles wlthin a fully Incluslve and Inte8rated environment. Th6 athltle5 continue to be provlded from the purpose.bullt premises in Goring by Sea and ourbeach hth on Goring seafront. The Earlyyears Foundalon StsEe IEYFS) is the Stat￿oryfr2MewOrk forall early yearfs pro￿derS In England and sèts the &tandards that all èartyyearfs providers must meet, Of5ted regulate and inspect all ehrly yearf5 pf¢Mders agaln5t the 5afe8uardlng and welfare requirements and areas of leamlngto detsrmlne how well thlldrell are kept safe and healthy. Kamèlia Klds pedJgoeyfocuses on prowdillgan Inclu51ve and rfch learnin8 en￿ronment to prepare chlldren for I'rfe In the twerttyfirst century. Moreover, it a5plres to give chlldren the best start In Ilfe and to helpthem grow and develop into emotlonally healihy Indlvlduals. Kamella Klds currlculum Is gulded by the four overarthln8 prlnclples of the EYFS: Unlque chlld Positive relationshlps Enabllng énvlronments LearnlnB and developlng Careful thought Is glven to Inform our enablln8 envlronments {Indoors and out￿￿rS), to provlde reSoUr￿s, actlvÉtlés. and learnlng opporthnrtl¢s to meet each child's unlque Tequlrements. ourcurrlculum ts very fleiible and responslve to follow chlldren's Interests and those total￿ unplanned leèrning opportunltles that sometlme5 comè OLrt ofthe blue. such as tt unexpettedly snowln& etcl Play Is atthe core of learnin& together￿th playthsed experienos. We have de5bgned ￿m￿ulUM to encoura8e chlldren to learn, dèvelop and flourish through explodn8. eXperIend￿ creatin& discovering, relatin8 to, and Interdctlngwlth the world around them. ssessmentcontlnues to play an Important part in helplng educator5 to reco8nise thlldren's progress and understsnd their needs wlth educators spèndlng more tlme Interacting wlth the chlldren. Adwties and experlences are planned that support children to move forward, knowin8 each d)11(Vs level of achlev8ment and Interest, and then shaplng teachlng and leamlng experlences retlectlng that knowledge. Particular attention has been focused on cuntinuingto provlde gjpport 5trntegies and actlvltles to enable chlldren tts self and oFrÈgulate. I(AMELIA KIDS TRUSTEES, REPORT Publlcbenellt Act un Icbe The trustèe5 ¢onftm) that they have complled wlth the requirements of section 17 of the Cha￿lieS Art 2011 tts have due regard to the publlc befieflt guldance publlshed bythB Charity COMMI￿lDn for England and Wales. Athlevem•nts and perfomianco The Qualty Improvement and Bu51nes5 Development Plan wlth IYS shrt medlum and long-tèrm oblertlves, 8uldln8 prfftdples aThd OLJtcornès has conilnued to progress throughout 2023 wlth the three top prlorftie5 beln8.' Chlldrprf5 klf and Co"regulatlon Children's Speech and Language Chlldrerfs exp&rlenc8s of DLrtdoor play. learnlng and inleracllon5 Support strategles and activitles have been put In pla¢e to enable the chlldren to learn about differernt emotlons and encoura8lng the children to name Ind des¢rlbe how they feel. On-line and In house tralnlng for all staff alorg with new resour￿5, such as calmln8 toys, bean bag seatlng and rugs designed to encouragè calmnes5 and provlde a ￿￿1(athd sèfe space for thildrell to take some tlme to rela& have been successfully used along wlth staff. modelling to encourage self and ¢o-regulation. A ran8e of workshLwsfor parents Induding play5kli Is￿n￿latIOn and healthyeatlng have been well attended byparenls with the alrn of Increaslng knowled6e ènd understandlng ?nd to strengthen the parenvnursory parthershlp. Stsff reuultrment and retentlon ID the Earfyye3￿ sectorcontlnues to be a challenge however Kamella Klds has a lOO% suctèss rate with Appfen￿￿hlp programrne for b¢th level 3 (Apprentlceshlpl and level 5 (Leadershlp and Management). Énsurlng we have a great team of strong educator5 that arè equlpped wlth the sk1115. knowledge, and patlence to galn the best under5tandin8 of each thlld and thelr needs. In addltion to the mandatory tralnlng for all Staff, some praCu￿onerS have also taken part In the NDNA Uterary Champlons programme deslgned io improve staff 5killsand coNfidenceto provldethe best earlyy¢ar5 Ilt8r4tySUPPOrt. We èlso had a membér of staff takè part In the Early Year5 Professional Development Programme IEYpupI whl¢h provides hlgh qualltyprofesslonal developmèntcontsnL wrltten by industryspeciallsts, to Increase prncdUoner5 deep Subject knowledge across the core areas of CommunIca￿0Th and Language, Early Mathematlcs and Personal Soclal Educ*.lonal DevelopmenL Slnce participating In the EYPDP the educator has demonstrated that they are now more knowledgèable auoss the areas of contsnt covered and m¢*e confident in thelr role. We currently emplcytwo earlv years Teachers. Outdoor play, leamin8 and Interattions have been enhanced by the Intmductlon of a communlty 8arden and the re- wlldlng of partof the gjrden used by the pre-sthogl children. An lrna8lnativejungle and beach themed wall mural ha5 brlghtsned the outdeor area glvln8 a lovety backdrop to encourage imaglnatton and rolp play. Raised bèd plantgrs have added 8reeneryto sO￿n and calm thé space aftd a pergola wlth seatlng has provlded a qulet pla￿toencourèse Self and (￿regulatIon. A substandal wooden cllmbin£ frame has been added tothe toddler￿ garden, not only does It help children develop a ringe of phy51cal and co8nitive sk1115 It a150 helps chlldren build reslllence. confidence, and cope wlth mlxed emotlon5. The special educ£tlonal nèeds and d￿abIlitIeS ISENDI team has contlnued Its much-needed wot* with the SEND hildren and thelr fatn51ies. At Kamelia Klds approxlmatély 2￿ of the total chlldren or reOster have SEND needs wlth the SEND team uslngthe"Graduated Approath" of SEN supportto assess the needs of the children and then provide approprlate 5UPPQrt pnd a thntinuou5 rwcle of a5￿$$ment as the needs of these chlldren develop and change, Of the SEND chlldren 14 have Educatlanal, Health and Care Plans IEHCPI. inGludlng one chlld with a ItFe IlmlTlng condltlon. A further 13% of our chlldren experience a rangé of mllder educatlonal needs and behavloural dlffiajltles such as poor verbal EommUnlca￿On skllls, reduced moblllty, or struggle to understalld, express thelr emotions or make confidefftt, independelli cholces wlth challenBlng behavli)ur ensuln8. The remaining 67% are'main5trearn' ChIld￿n. KAMELIA KIDS TRUSTEES, REPORT CCTV ha5 been Installed In all the rooms during 2023 to fvrther enhance the security and 5afeguardlng of the childron and glve management an opportunlty to Improve praedce. polldes and procedures as a result of vlewlng pradlce. Contlnued tommitment to sustalnablllty has seen Kamella Klds reg15ter for thè food wattè servltt operatsd by the local ¢ouncil and every cpportunlty Is tsken to en¢oura8E thE Ihlldren to leam about sustsjnal￿llty in thelr dayto dav playand artiv1tles. The Charlty Discretionary Dlscount {CDDI Introduced durlng the pandemlcto supportsome famllles whereby Kamelia Kids wafves part or all the nuryery fee5 andlor cost of hot lunthEs on atempo)rary or Dngolng basls dèpendlng on the drcUmstsn￿S of the chlld continu¥sto be Invaluable toourfamllles durfnBthe current C05t of Ilvln8 ¢rfsls. By offorfng th& charitabl8 dlscount we Can be Sure that chlldren with vulnerablp batsounds ondlor livlng In hou5ehold5 experlendngflnanclal dlfflculty are able to att8nd nursery sesslon51 Bet a hot meal. be cared for In a safe environm8nt and provlded some stablllty and condnulty In thelr lfves. Dur]¢￿ 2023 the Charftsble dtscretksnary d15count given Incrèased tts £42k12022 £20kl. The 5nDwdrop inltlatwe launched in 2021 to provlde addltlonal Eariyyears Funded 5e551ons durin6 term tlme fgrpre- school chlldren of famllle5 experlenclngflnandal hardshlp orotherchallen8e5 and that do not requlre or cannotafford our regular day nurs•ry58ss1ons cont5nu8sto beneflt 30famllles. The nursery ts regulated by OFSTED and CU￿ntI¥ has an OFSTED ratlng of GocKI' In all areas. An?￿1￿1 revlew Restricted Fundlng recefved durlng 2023 was lowerthan In prevlous yearsformuch the same rea5Dns a5 2022, the projects we needed to do e.8.1 CCTV, new Veluxwlndows and replacement radiatcrs. were notthe sort of projects funders were loo￿nst0 supporL The maln fuTrdlng fLYthe year was from: Henry Srnlth CharitsbleTru5È forthe SENDCO project £5k BBC Chlldren in Need forthe SENDCO project £5k, wlth a fvrthÈrcommltmentof £40k overthe nèxt 3 yeats op Communlty Fund £8k Local fundralslng and donation supportfor 2023 was £5.2kwlth the Sussex Brltlsh Owners Motorcycle club increa51n8thÈlrannual donadon to £3.5k. stsff salatles condnue to be our main éxpendtture. Total income from acttvltles has in¢rea5ed by IO% to £1,155,611 In 202312022 £1,OS4,4781 net Income for Z023 of £185512022 £128,265). Expendlture Increased to £1,152,756 In 2Q2312022 £926,213) due to increased expendlture on recruitlng and retslnlng5taff through Improved and Competltive salarles and improvernents In the nur$èry environment to enhance sgojrfty, safèty, and resourcesto contin￿6 to be competllve and èttractlveto grow occupancy leve15. Unrestricted resèrves Invested In property at 31st DÉombÈr 2023 Increased slightlyto £377,61712D22 £374,111) of whlch £34,45312022 £34,269) was Invested In flxtures and equlpment. Currently the Ipvgl of free reserves Isf343,16412022 £339,842). Pollryon reserves The Tr￿tee5 have revlewed their pollcy. conslderlng guldance by the Charity Commls51on. 50 as to e5tsblish an a¢¢eptsble level of reserves which is the cornerstone of the prudent flnanclal management of the Charlty. Based onsix months runningcosts.the aspIrn￿oTh of theTru5tee5 istohald sufflclentunrestrltted funds notcommltted or invested In tangible fixed assets I'the free reserves'l held by the Charty. Thls amounts to approxlmatefy £518k, currently the lovel of free reserve5 15 £343,16412D22 £339W121. The trustee5 CQntlnue to monRor thls d05ely to 5afe8UaTd the'free reserve5, and contlnue to increase them to an appropriate level. KAMELIA KIDS TRUSTEES, REPQRT Goln¥ concern Kamella Kds ha5 contIn￿ to grow in thls lastyear and wlth the free reserves now standlng at £343.164 theTruttees are confldent that Kamélla Klds has a sound fvtsjré. Plansforfywrn periods Alms tsrJdkeyotyÉCtfvtslorfv￿rtperl0d¥ The Quallty Improvement and Buslne55 Actlon Plan for 2024 Is focu51ng on enhandng Standards for qUal￿V leamln and care and Smprovlngthe outcomes for thlldren and staff wkh the t¢p three p￿0￿￿e$ beln8: Children's s￿Ch and Language We are contlnulng wlth ourfocus on chlldren's speech and lan8uage Into 2024, as thls lays thefQUnda￿￿￿sf0r learning and development. The EarlyYear5 Talk Boost programme will 5tsrt in the early part of 2024, the chlldren taklng part a￿ asse55ed at the start and end of the pro8ramme so that Improvements can be measured. The programme work5 5pedflcally wlth children whosè speèch and langua8É are not at the expected stage of development, Sncludlngthose wtth EAL (Engllsh as an Addmonal Langwagel. The fSrst cohllrt of childrÈn is due to start in March 2024. Learnln8 and Development The focus is on chlldren'8 developmpnt and learnlnB, howthls ts best supported bystartlngfrom the thlld. and then matchinB Inleractlons and experfences to rneet the child's need5. Thls Includes how we observe, as5e55 and plan for ¢hlldron, uslngth15 Infomiatlon to understand how a chlld Lf developln& lezmln& and ￿0w1n& End ihen plannln8 the next Steps forthe educator$ In supportln8 and extendln8 the lÈarnln Nursery Team Tralnlw and development are a keyfocus. A contlnuou51y Improvlng nursery need5 COn￿nuing professlonal development for Èll Èducators 2nd the 5UPPOrt team. We know that a teèm who arè motlvzted and supported to contlnuously ralse thelr 5kllls and qualification level to level 3 and beyond Improve5 Outcomes for chlldren arKI supports stafF rètèntlon and ￿reer progres510n. We are focu&ng on staffs. health and weil.bein£,' a healthy tsam lead5 to a better work Ilfe balancè and a greatereMperlentÉ fo* all at nursery, and ulbmatsfv better ¢are for our children, The Trustees have approved a £70k capTrtal irnprovement spend for 2024 to refuTbi5h the stsff and visltor toilets, to upgrade the maln kltthenandturn the current pre-sthool kitchen into a children's kltchen, and to refurbish a room to bgcome a senspry room to provide a safe place forchlldren to self and co.regulate. TNstees and offlcqrs The trustees and oflkers servlng durlng the year and slnce the year end were as follows.. Trustees; P R larman L Smlth G Launder5 Iresigned 12nl20241 K Thompson K Haffenden P Byfield Ireslgned 121¥241 D Caldèrwood {appolnted 1212120241 KAMELIA KIDS TRUSTEES. REPORT StnKturei uovernano and Man3￿m￿nt Noture oAqovemingdocument The Charity became a tharttable Incorparated Qrgant5ation ICIOI with a revised Constitution and a new charity number111549391 In De￿mber 2013. R)raccountln8 purposes, the transferwas effectfve from lstjanuary 2014. A year later the Charity amended its objects and adopted the wgrklng name Kamelia Kids. In December 2019 the working narne (rf Kamella Kld5 was adoptpd 35 the legal name of the Charity. Retruitmentthidoppointmentaftrustees Trustèes are elected and rèmoved by the Board of TrustÈÈs. The Ma￿muM numberof Tru5teÈs shall bè 9 antl th rnlnlmvm shall be 3. Thè T¥u5tèès who Serv￿ durlngtheyear arè listed on Page l. TheTru5tee5 at the date of approval of the Financial ststements femain the same as those listed on Page l. Indurtlon ondtmlnlnqof tmstees Prospective Trustees are Invlted to the nursery and shown the range of actIv￿leS thatthe Charlty provides, and they are also ￿n￿ted to attend a Trustees meetlng. Once appolnted Trust*s undergo relevant Inductlon tralnlng Includlng a wèleomè pack. The Board of Trwtees contlnue to luok to recruit new trustee5 wlth relevant5kills. Organlsatlonulstmrture The tharlty is managed by B board ofTru5tee5 who meet at least quarterty Iwith management attendlng a5 appropriatel. The Trustees delegate overall day-to-day management of the organlsatlon to the Nursery Operations Dirèctor. The FinanEè Managèr and thè two joint DÈputy Nursery Manager5 all report dlrectly to the NursÈry Operations Dirertor. The Nursery is regulated by OFsfED. Nnanclal Instruments Objecdves andpolldes The tharity only h3s finzncial assets and financial liabiliti￿ of a kind that qualify a5 baslcfinanclal instruments. Bask flnancial instruments are Inltlally reco8nlsed at transaction value and subsequently measured at tkteir sethement value apart from bank loan5 whlch are Subs￿quentIY measured at amorbsed cost using the effective ¥rbterESt method. DIsc105U￿ of inf0rn73tion to auditor Each Trustee has tsken steps thatthey oughtto havE taken a5 a tTUStee in order to make theTn5elve5 aware of anv relevant audit information and to estab115h that the chaTIVs auditor 15 aware of that infoFmation. The tru3tee5 confirm that there is no relevant information that they know of and of which they knowthe auditor 15 unaware. K Haffenden Chatr and Trustee KAMELIA KIDS STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responslblefor preparlngthe tfU5tees' report and thèfftrtantial statÈments in accordance wlth Unlted Kingdom ACCOUn￿nE Standards Iunlted Klngdom GÈnerally AccBpted Accounting Practi￿) and applicable law and regulalon& The law applicable to charities Sn England and Wales requlres the trustees to prepare finanthal statsments for each flnancial year which glyè a true and fair vSèw of the sltuatlon of the charlty and uf the tncoming resour￿5 and applIca￿On of resources of the tharlty for that pertod. In preparing these financial ststernent5, the tru5tee5 are required to- selett suitable accountlng polkies and applythem conslstently- observè thè methods and principles In the Charities SORP- makeJud8ements and esiimatesthat are Teasonable and prudenL' state whether applicable UK Accountlng Standards have been followèd, subjert to any material departures dlsclosed and èxplalnèd the finandal ststement5: and prepare the fjnaftclal statements on the going concern basls unless It Is Inappfopri*e to prE5ume that the charitable company will continue in bu51ne55. The trustees are responslble for malntalnlng proper accountlng records whlch dlsclose wlth reasonable accuracy at any tlmethe flnanclal position of thè tharityand to enable them to ensurethatthe accDunts compl¥v4lth the Chariues Att 2011, thè Charity (Accounts and Reports) Regul3t10115 201)8 and the provlslons of the trust deed. They are also responslble for safeguardins the 353ets of the charity and hence for takln8 reasonable stsps for the prevèntion and detertlon of fraud and other Irregularltles. Approved by the trus￿ ofthe charity on. I.￿nd sl8ned on Its behalf by- K Haflenden Chair and Tntstee KAMELIA KIDS REPORT OF THE INDEPENDENT AUDITORS TO TrIE MEMBERS We have audlted the hnanclal ststements ol Kamella Klds I'the charitsble Incorpoftted organlsatlon'l for the year ended 31 December 2023 whlch ¢omprlse the StatÈment of Flnanclal Advitle5. the BalarKe Sheet, the Cash Flcw Ststernent and notes to the ftnandal statements, Includlng a Summary of si8nlfi¢aNt a¢countln8 pollcles. The financlal repordng framework that has been applied in thelr preparatlon Is appllcable law and United Kln8dom Attountlng Standards, Includin8 Flnanclal Reportlng 5tsndard 102 The Flnanclal Reportlng Stsndard appllcable In th& UK ind Republlc of Ireland Iunlted Klngdom GenerallyAccepted Accountlng Pr•ctl¢el. In our oplnbun, the financl415tstements: glve a true and falr vlew of the state of thè ckrltablÈ Incorporated organlsatlon affairs as at 31 December 2023 and of Its InGomin8 re50urGes and app11¢4tiun uFr¢swYcesforthe yearthen ended: have been properly prepared in accordan￿ wlth Unlted Kln8dom GÈneral]y Ac¢epted Attountbng Practke: and have been prepared In accordan￿ wlth the requlrements of the Chafftlès Art 2011. Basls f4Yoplnlon We conducted our audlt In a¢¢ordance with Intematlonal Standard5 on Auditing (UK} IISA5 IUKII and appll(able law. Our responslbllltleg under those 5tandard5 are further de%ttlbed In the Audttor's re5ponslbllltles for the audit of the flnanclal ststements se¢tlon of our repojt We are Independent of the eharity Ir) acmrdance wlth the ethlcal requlrempntsthat are relevantto ouraudit Df the flnand41 statements inthe UK, Includin8the FRC'S Ethlcal Standard, and we have fulfilled our other ethkal responslbilities in accordance with the59 requlroments. We believe that the audlt evidence we have obtslned Is 5ufflclent and approprtate to provlde a baslsforour opinlon. Conduslons relatlngtOBolr¥ concern We have nothing to report h) respe¢r of the followln8 matters In relatlon to whlth the ISAS (UK} ￿qUIre us to réport to you where". the Trustees, use Ctf the golng concern basls of accountirtÈ In the p￿par￿lOn of thè financlal statements Is not approprlate: or theTrustèes have notdistlosed In thefinanclal ststements any identified materlal Un￿rtaintIeSthat maycast slgnfficant doubt about thè charltablÈ inrorporatèd oryanisations abilry to contlnue to adopt the golng ¢on¢ern basis OF accountln8 for a perlod of at least twelve months from the date when the flnandal statement5 ore author￿ed for Issue. Other Infonnatlon The trustees are responslble for the other Information. Thè Other Informatlon comprfses the InfOrMa￿on Induded In the trustoes, annual reporty otherthan the flnandal tstemènts and our auditols rÈptsrt thereon. Our opinlon on the financlal statements doe5 not cover the other information and, exceptto the extent otherwise expliatly stated In our rÉpoi¢ we do not express any form of a55urance cotKluslon thereoll. KAMELIA KIDS REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS In ¢onnectlon wlth our audit of the flnandal statements, our re5ponsibillty15 to reall the other Information and, In dolng so. conslder whether the other Informatlon Is materlally Incon5iStent wlth the finanaal statements or our knowledgo obtalned lft the audlt or otherwise appears to be materlally mlsStated. If we Idenyfy 5uth materfal Incons15tencle5 or gpparent m8tèrlal mlsstatements. ￿ are requlred to determlne whether there Is a materlal mlsstatementlnthe financial ststemeAts ora materlal mlsstatement of the otherlnform4tion. If, basedonthe work we have performed, we conclude that there Is a materlal misstatemeht of thts Other Infomation. we aré r￿uIred to roport IhatfacL We have nothln8 to report ln th15 re8ard. Oplnlvns on other m*tters prnscrlbed by the CharttlesAct 2011 In ouroplnloll. based un the wort( undertaken In the course of the audlt: the Infomiatlon glven In the trustoes, report fDr the finandal year for which the fin8ndal statements are p￿pared Is conslstent with the firnan¢l81 ststements: and thetTUSteeg report ha5 been wepared In accordan¢e wilh appllcèblÉ legal requirement> Matters on whlch we are requlred to report by exceptlon In the Ilght of our knowledge and understand1￿ of the ¢haritable Incorporated organi5atlon and Its envlronmert cbtained In the course of the aud1( we havp vot I￿en￿￿ed material mlsstatements theTrustees' TQPUrt. We have nuthlng to report In rèspect of the followlng matters In reladon to whlch the CharltlÉs Act 2011 re4ulr us to rèport to you if. In wrop1nlon'. adequate accoUn￿n8 recordg have nDtbeen kepL or retums adequatefor our Jud￿hav9 not been recelvod from branches notvtrsfted by us: or the finanoal ststements are not In agreement￿th the &counting records and returns; or rtaln d5sdosure5 of trustses, r•rnuneratlon spetheil by law arè not mad?; or we have notretrlved all the Information and explanatlons wè requlreft)r our 4udiL Re5FJon51bllitles tsf trustees As Èxplained more fully In the trLLStees' rÈsponsibllldesstatemenL the trustees are rEsp￿SIb1è for the preparatlon of the financi31 statements and for belng satlsfi8d that they gwe a true and falr vlew, and for such Internal e<)ntrol asthe trusteès dÉiermlne is nece$5ary to enable the prepar8tlon of finandal statementsthat are fr¢efrom materlal m155tatemen( whethèr due to fraud or error. In preparing the flnandal statsments, the trustees are rÈ&ponslble for assessing the tharltable Incorporated organlsatlon's ability ta contlnue as a goln8con¢ern, dlsclosln& as appllcable. matter5 related to golng concern and uslngthegoing concern bas150f accoun￿nE unles5 the trustees elther irtendto liquidatetherharitsble Incorporated or8anlsatlon otto ceasè operatiot)s, or have no reallstic altemadve but to do so. KAMELIA KIDS REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS Audtorfs responslblllt1¢5 for the audlt vf thefjnanclal statemÈnts Our objeetlves are to obtaln rea50nable assurano aboLrtvthetherthefinanclal statements es a whole are free from materfal mlsstatement, whether due to hud or error, and tJ155ue an audttorfs report that Includes our oplnlon, Reasonable assurance Is a high level of 055uianco, but is not a gUararrt￿ that an audlt condurted ln acoordan wIth 15As (UK) wlll always detert a matsrial MI￿atement when It exists. MLsstatoments can artse from fraud or erforand are considered matedal If, indfvldualfyor In theawegate, they could re3sonablybe expectedto Infiuencg the economic dec151ons of userstaken on the basLs of these flnanclal statements. Irregul?rttie5, Indudlng fraud. are Inttan￿ of non-¢empllaftce vAth lèws and regulations. The extent to whlch our procpdures are capable of detertlng irrogu14ritles. includlngfraud, Is detailgd bélow. A fijrthor descrlpfjon of our responslbllltles for the of th& financlAI ststements Is located on the Flnanclal RÈportin& Coundl's website at.. http5-l/www.frc.org.uklOur-WorVAudltlAudlt-and-assur2nc•lStsndards4nd- 8uldanr¢/$tandard￿and-8uIdanCè4Or￿ud1torsJAudltors-reSp0nSlbl1]tle$-for.aUd1tlDescrlp￿on￿aUdrtor$- re5pon5ibifitie5-for-audlt.3spx, This dpscrfption forms part of ouraudltorf5 report Extent to whlththe a{￿twIS ¢onsldered czpable Df detertlrv IrregularfrtlÈs, Inclu{h￿ fraL The obledves ofour audlt In respect ttsfraud, are: to idertifyand assess the risks of matsrlal mts$tateM￿tt of the flnandal btstements dLte to fraud,. to obtain sufflclent approprlate audtt evldgnce regardlng the assessed rlsks of matsrlal mi551atement to fraud, through de51gnln8 ènd IMplemenVn8 approprlate responses: and to respond appropriately to fraud or suspectod fraud Identlfied durlw the audit. How&ver, the prlmary responsiblllty for th8 pr8ventton and dètsrtlon of fraud re5tswlth bath those ¢har8ed with govemance of the entity and Its mana88menL Our approach wag as follows- We Idèrttthed areas of laws Ind reBulatlon5 that ¢ould reasonabty be Q￿ectedto have a materlal effect on the tlnandal statements from our general commercSal ond sector experienre, and through d15cussion wtth the dlrect¢rs and other management las requlred by audltlng stsndard51, and dlscussed wlth the dlrectors and other management the polldes and proodures re8ardin8 ¢0mplian￿Wfth law5 and regulatlons: We Idenfjfied the fonowlng arE55 as thcfje most likely to have Such an effert.. health and safety, GenÈral Data Protectlon Regulation IGDPRI: ofsted,. Faod Stsndards Agency- fraud; brlbery and corruptJon and employment law, Audttlng standards Ilmit the requI￿d audit procedures to klentlfy non-compllance with thesè laws and reEula￿Ons to ènqulry of the truste25 and other managementand Inspe¢tlon of re8ulatory and legal correspondènce, tf any. We wn51dered the lagal and regulatory frameworks dlrecdy applicable to the financial Statements reportlng framework IFRS 102 an4 the Companies Act 20D6 the a7arlties Acr 20111 and the rel&wdrrt tsx compllance re8ulation$ in the UK,. We con51dered the nature of the charws operatlons, the control envlronment and business perfc*mall￿, Indudillg the key drlvers for mana8emenVs remuneration; We cgmmunicated Identlfled law5 and regulatltrns throu8hout our team and remalned alert to any Indlcations of nont be eJpeGted to detect nDn-CcMpllan￿ wlth ill law5 and regula)ons. Use of ourreport This report Is madÉ solely tg the charhble Incorporated organlsafjoll's members, as a body, In aG¢Ordan￿ w Chartdés Art 2011. audlt work has been undertaken so that we might state to the tharitable Incorporated organl$3Uon's rn?mb?rs th￿e matters wè are requlred to state to them In an auditorf5 report and for no othÈr purpose. To the fvllest extent permltted by law, we do not attept or assump re5ponslblllty to anyone other than the rharitable Incorporated or6anisatlon and the charitable Incorporèted or8anlsatlon's members as ? body. forour audit woth, forthi5 report or for the opinlons we havè formed. Mark Ojmmlns FCCA FCIE (Senlor StstutoryAudltor) lor and on behalf otTC Gmup StatutoryAudltors Office.. Su55ex io KAMEUA KIDS STATEMEpif OF FINANCIAL ACTIVlnES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrl¢t4d t14tM15 Restrfrted lund5 Total ZOZZ Totsl 2023 INCOME FROM: Don4tions and lesadts Charltable admtles Other tradlng actlvk1es Investment Income Other Income 5.198 I￿￿03 328 7,168 3.127 IA26.124 IJA35 14952 18,733 L126255 328 7.168 3,127 L155,611 27,061 LO21￿59 924 834 4,6¢YJ I,CS4A78 Total Income 29A87 EXPENDITURE ON: Ralslryg funds Charftable actIvit￿e5 Totsl expe]￿lI￿re 6236 1,125.309 1.1a1￿45 6236 1,146,520 1,15Z,756 L915 924,298 926,213 21211 21.zll Not Ino)melltxpwdltwel 15h211 8276 128,265 Transfers bets¥eerk funds 17 l735 (2,7351 Net moveTh•nt In ft¢nd$ 12fi861 5,541 $5 128,265 Fund balances brought forward 17 639,624 9.782 649006 521,141 Fund b4Linw carrled foNar 17 636.938 15,123 652261 649,4 All InGpme and Bains for the yEarBre recognlsed above. of the above actlviei ar%cla*d as(otstlnuln8. li KAMELIA KID5 BALANCE SHEEr FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes FIXED ASSETS Tangible assets 12 293.774 299.782 293,774 299,782 CURRENT A55ET5 Debtors Cash at bank and in hand 13 6.812 523,307 530,119 $70,893 577,665 CURRENT UABILITIES Creditors due wf(hin one year 14 1186.798) {137.6371 CURRENT ASSETS 390.867 392,482 TOTALASSETS LESS CURRENT LIABIUTIES 689.921 692,264 LONG TERM LIABILITIES Creditors due after one year 15 132380) 142,8581 NEf.A55Frs 652.261 649,406 REPRESEwfÉD BY: 17 RESTRicfED FUNDS 15.323 9,782 UNRESTRICTED FLINDS General funds Designatèd funds 377.617 259,321 374,111 265,513 636,938 639.624 652261 649,406 The notes on pagès 14 to 24 form part of these financial statements The accounts were pproved by the Board of Trustees and sl8ned on their behalf by.. K Haffenden Ichair and Tnjsteel Date.. 19 Charity number- lJ54939 Company Number- CE001502 (registered externally) 12 KAMELIA KIDS CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notos Cash flow5 fr(Jm operatlng acttvldes: Net income for the year Adjustments for: Depreclatlon charges Interest recelved Ilncreasel/decr?ase in debtors Increaselldecreasel in cred￿or$ Net ¢a$h provlded by/(used In) op•ratlng 8cti¥itses Z,85S 128,265 12 19,051 {7,168) 15.921 1834) 12A211 23,594 43,8Bi 58,659 164,525 Cash tl¢)ws from Investlng attfvltleL' Interest received Proceeds fr¢m sale of tanglble flxed assets Purchase of tanglble flxed assets Net cash used In Investin8 actlvltles 7,168 834 113,0431 116.2321 15,8751 114,3571 Cash 11oWs from flnanclng artly1t1￿. R2payment of loan5 and bOrrO￿n8$ Nal cash used In Ilnandng actlylties 15 15,1981 15,0701 15,1981 S,0701 Increaselldecreasel In ￿$h #nd tash equl¥alents in the year Cash and cash equfvaleNS at the be8Snnln8 of theyear Cash and ¢ash Èqulvalet)ts * the end ol the 47,586 145,098 5Z3,307 378.2(lJ 570,893 523,307 Analy5i5 of net ¢a5h1lde￿j At31 DeGernber 2023 At l January 2022 C88h flow Cash at bank and In hand 523.307 47,586 570.893 13 KAMELIA KIDS NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEM8ER 2023 STATUTORY INKIRMATION The d)arlty Is a tharltable Incorporated organlsadon, In¢orporated In England and Wales under the charl￿¢$ A¢t 2011. The addre55 uf the reBlstored rJffice15 pravided In Reference and admlnlstratlve detslls. Detail$ of the harity's operatfons are provided In the Report of the Trustees. The prlndpal place of buslness Is: We11251eyAvenue Gorfng By Sea Worthlng Wèst Sussex 8N12 4PN ACCOUNTING POLICIES 2.1 Basls of zrGvuntln Theflnanclal statements have been pre￿red underThÈ tharkles Art2011 and In acCordan￿Withth¢ (Jarftles. Statement of Recommelldèd Pr8Ltlce appllcable to ¢harltles préparin8 thoir a¢counts IN accordance with the Finan¢lal Reporting Standard appllcable Inthe UKIFRS 1021 leffertive lJanuary20191-Charlttes SORP IFRS1021, and The Financial Rpportlng 5tsndard applicable In th• UK and Republlc of Ireland IFR51021. The charilable incorporated organlsaVon méets the dèfinition of a pub￿¢ benefit entbty under FRS 102. A55eEs and liabllStles are Inlt131ty recouni5ed at cost or transacdon value unless oth£tWi5e ststed In the relevant attountih8 policy. After re￿eWing the charlV5 forecast5 and prolècNons, the Tnjstoes have a reaswable expeLtation that the harity has ad8quate resources to contlnue In operatlonal 0￿5￿nCe for the foreseeable future. The charlty therefore continues to adDPt thè golng concern basi5 In preparlng Its tTnancial statements. There are no m4terlal un￿rtaInleS aboLSt the charlt¢s abiltyto contlnu8 as a golng concern. The flnanclal statements are preparéd kn stedln& whlch Is thp functional currency of the tharfty. Monetary amounts Inthèse financial Statements are rounded to the nearest pound. 2.2 Income All Income Is recognlsed oncè the charfty has endtlement to the Income. Itls probable that the Income wlll be recelved and the amount of the Inc¢me recefvable can be measured rellably. Oonatlon5 undlegacles Donatlons are rec￿nIsEd when the charity has been notifled In wrltlng of ljoth the amount and settlement date. In the event that a donatlDn Is 5ublert to condltlons that requlre a level of performance by the charlty before the tharlty Is entitled to the funits, the Income is dèFerrÈd and re¢ogntsèd until either those conditions are fully met, orthe fulfilment of those conditlon5 Is whdly wlthln the control otthe charfty and it 1$ probable that these MndI￿on$ wlll be fulfilled in the reportlng period. Grnnts recelvuble Grants are recogn15ed when the ¢haFlty has an Éntltlémènt tothe funds and any ¢ondltlons linked to the grants have been met. where perforrnance condltlons are attached to the 8rant and are yet to bè met, thè income 1$ recognised as a Ilability and Included on the balan￿ sheet as deferred Income to be released. 14 KAMELIA KID5 NOTES TO TrIE FINANCIAL STATEMENTS {CO￿lNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2 AcccuNfiNG POUCIES ICONTINUED> Guts In Wnd Glfts In klnd are reco8ntsed In dtfferent ways depen*Jent on how they are used by the charity. Those donated for resale produce Incom? when they aft sold, They arevalued at the amount a¢tually reafised. 1111 Those dtjnatedforonwardtransmlssion to beneftciarles are includad In thestatement of Flnancial ActI￿tieS as Incomlng re5¢ur¢es and resource5 expended when they ore dlstdbLned. They are valued atthe amountthe charltywould have had to Payto acqulre them. Illil Those donated for use by the charlty Itself are Included whèrn recelvable. Theyare Wdlued attheamountthe tharltywould have had to payta acqulrethem. 2A Expendlture ExpeThaf(ure Isaccounte(*for an eccrua15 basls lrrecovera￿evATIndUdÈdw1th tha Item to whlch It relates. Redundanc¥ and terrnination payments are charged toth?Statementof Hnanclal Actfvltie5 on afi accrual basls. Guvernan￿￿￿tsl￿dUde those c05tsa550datedwlth rneetirJgthecon5thutlonal)nd statuiw requlrnments of the ch3rkty and Indudethe audltfees costs linkedtothe 5trotsgiGrnanagement of the tharity. All o)sts are allocated betweèn expenditure rategorles and departments on a basls designed to refiertthe use of the ￿$0￿￿. Costs relatin8 toa particular activityare allctatsd directty. Z4 Tamalion Thecharktylsconslderedto pas5thÈtpsts5etoutln Paragraph I Schedule6 of the FInan￿ACt 2010 andtherefore it meets the definitson of acharltable Incorporated organlsatlon forUK corporatlontax purpases. Accordln8fy, the thaTityis potentlallyexemptfromtsxatlon In re5pectof income orcapltalgalns re￿￿edWIthInCate8oll&sc0vered bychapter 3 Part 11 ofthe Corporailon Taxkl 2010 orsertlon 256 of thÈTa￿￿on of thargeaNe GalnsAct 1992, tothe extentthat suth Income orgalns are applled eXdUslve￿to charitable purpJses. 2.5 TanBshlefixed assetsand deprttl4tlon ranBlble flxed a55ets other than freehold land 8re ststed at cost le￿ dep￿latI￿. Depreclawoh ts pmided at tes calculated to wrlTr off the crst less esumatsd re51dual value of each asset over Its expected usefvl life as follows.. Freehold property -IO%stralght Ilne Leasehold bulldlngs. ektenslon5 and altera￿OnS -Perlod of lease199 yearsfrom 11.09.19781 Property improvements -20% stra*ht Ilne Equlpment -20% straiBht line Computerequlpment -25% $tralght Ilne 2.6 Cash * ￿￿[andIn hartd Cash at bank in hand Indude5 bank aceounrs, rash and Short tsrm hlghly tlquld Investments wtth a shtht maturity of three months or le55from the date of acquL%ltton oropenln8 of the dep051ts orsimllar ac(x)unt. 15 KAMELIA KIDS NOTES TO THE FINANCIAL STATEMEpifs {CONTINUEDI FOR THE YEAR ENDED31 DECEMBER2023 2 ACCOUNTING pouaES ICONMNUEDI 2.7 CredltoTh and prov151ons Credltor5 and prO￿s1onS are recognlsed where the charity has a present obHgadon resumng from a past event that￿11 probably result In the transfer of fvnds to a thlrd party and the amount due to settl? the obllgatlon can be measured or estlmated rellably. 2.8 Borrowln85 Interest-béarlng barr￿￿n65 are Inltlalty recorded at fair value, net of tr8nsacknon wsts. Intsrest-bearin8 ljorrowlngs are subsequenily carrled at amortised c05L wlth the dlfference between the pro￿eLts, net of trdn54dlon ¢o5ts, and the amountdue on redernptlon belng recoEnised as a chHrBe to the Statement of Fillandal Attwttie5 over the perlDd of the re￿vant borrowin8. Interest expen8e is recognlsed on the basis of the effec￿Ve Interest method and 15 Induded in interest payable and ￿Milar char8ès. Bttrrowlngs are claslfiÈd as current Ilabllitles unless thecharityhas an uncondldonal ri8httodefer5ettlemertof thellabilrtyforat leasttwefve months afterthe rep(srtln6 date. 2.9 Debtors Trade and (rtherdebiors are recognlsed atthe setdemprrt amount due. 2.10 Laasè and hlre pur¢hJse commltments Assets held under fInan￿ leases and hlrè puichase contracts are capttallsed In the balance sheetand de￿Ilated over tholrEx9eded useful live5.The Intereste￿Ment0fIeas1ng payments represents a co￿ntprQport1on of the out5tsndin8 capital. All other leases are regarded as operadnE teases and the payments made under them are tharged to the Statement of Rnandal Activities on a stralght-linÈ basks over the lèasèterm. 2.11 Fund accountlo General funds and unrestrlrted fvnds are avallable for use at the dlscretlon of the Trustees In furtherarte of the general obj¢thes ofthe charfty and have been deslgnatsd for other purposes. DeslgnatÉd funds ctsmprise unrestrlcted funds that have been set alde by the Trustee5 for particular puryoses. The alm and use of each de51gnaÈed fund is set out in nots 17tothe flnandal stat&rnents. Restrlcted funds are fund5 whlch are to be used In accordan¢e wlth gpedfic restrictlDns Imposed by donors or whlch have been ralsed bythe Charttyfor partlcularpurposes. fhec05t uFraising and admln15t8ring5urh funds are ¢harged agalnst the 5pecthc funds. The alm aThd usè of each restsltted fvnd15 *t out in note 17 to the financlal ststements. 2.12 Crltlcal a¢¢ountlnE estFmaiu andJudg•Ments In the applicatlon of thè charlvs attountlng pollcles, the Iru5tEe5 a￿ requlred to makè judgements. ¢5tirnotE5 and assumptlons about the tarrylng amount of assets and liabllltles that are not readlly apparerht from other source5. The e5tlmatEs assoGlated assumptlons are based on historical experlerKe and otherfactors that ar tonsldered to be r£lgV4nt, Actual results may dlffer from these èstlmatss. The esdmates and underlylng assurnption5 are revlewed on an ongoln8 basls. RevlslDns to aco)untlng estlmatss are recognlsed In the pe￿tsd In whlch the estlmate15 revised, The trustees do not considerthatthere are any crftTc31 è5b'mates or areas of ludgementthat ne&d to ￿ brought tolhe attentlon gf the rEaders of thefinancial rtatement5. 16 KAMEUA KIDS 140TES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 DECEMBER 2023 TAXATION The tha￿table Incorporate41 c(Mnpany Is reglstered as a charlty and all of Its Income falls wlthln the exemptlons under Part 11 of the Corporatlon Tax Act 2010. INCOME FROM DONATIONSAND IEGACIES UnreMrl¢ted R8strfttéd Totsl 2023 Totsl 2022 Indi￿dUal5 4532 40 1,5n 1,855 BBC th[1d￿n In Need 5,fAIO Pet¢r H?rrlson Foundotlon West Su55éx Qjunty Coundl 2,3CQ Henrysmith 5,0 5,OLXI Co-op communlty Fund 2.995 1995 1.884 Trusts 5C¥) 500 Other ￿anIs8t10nS 3,500 3.5QD Government grafits 1.707 Gift aid 166 166 165 5.198 13,535 18.T33 27W61 INCOME FROM OTHER TRADSNG AcfMTIES Unr¢gttlrted Re5trf¢tqd Total 2D23 Totsl 2022 Other fundralslnB 3Z8 328 924 328 3Z8 924 INCOME FROM IN￿ME￿5 Unre5tTl¢ted Re#rf¢red TDtal Z023 Total 2022 Interest and d￿ldendS 7,168 7,168 834 17 KAMEUA KIDS NOTES TO THE FINANaAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 INCO￿£ FROM CHARrrABLE ACTIVITIES Unre$trl¢t Restrl¢ted Total 1023 Total 2022 Nursery fee income 1,110303 1,126,255 1,021,059 OThER INCOME Unrestrlcted Rgrtrfcted Totsl 2023 Totsl 2022 Sundry re¢elpts 3,IZ7 ANALYSIS OF EXPENDITURE stsfl costs D6proelatlon Other f05ts Total Total 2021 2022 Costof ralsln8funds'. Fundralsln8 Total cost of ro151n8fund5 6,236 6,236 6,236 1,915 Charltabl•èMpehdlture: Promises Nursery expense5 Support and 8overnancE costs Totsl ch8rltsblg expénd￿Ure 17,968 784,796 75A12 19,051 lo1.￿2 119J83 13&151 904,179 96,300 724,669 28,878 104.190 103,329 878,076 249393 LI46￿20 924,298 Total expendlture 878.076 19,CSl ¥15I756 926,213 Analy515 of support and Bovernance costs: Total Total 2D22 GDvernance costs.. Auditors, remuneratlon for audbt serv1£ Total 8OV8rnanre costs 8,400 8AQO 5,826 5,826 SupportC05ts'. Legal and profe&%lonal fee5 Staflwa8es, nationo11nsuranc&and pension FInan￿ costs Other support costs Totsi support and Bovernon￿ t05ts 14,078 78,535 1,384 3.506 103.329 75,312 1,193 6,739 104.190 18 1￿MEuA KIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED31 DECEMBER 2023 io STAFFCOSTS The average monthly headcount durlng the year expre55ed as full lime equfvalents wa5 as follows.. 2023 Number 2022 Number Dlrect staff Support staff 30 33 Th¢ aggresate payroll costs for theyear were asfollows: 2023 2022 Wages and sa12rles 5oclal securlty ¢O#S Other penslon costs 815,la6 49.220 13,670 878,076 665,341 35,830 10,188 711.359 No Èmployee received salary and benefft5 exceedlng £60.(KKJ12022: nonè). NonB of the Trustees re¢elved any remunératlon ¢r other benefitsfrom the charltyor any ¢onnected bcKIy. One Tru5tee12022'. nono) had expenw relmbursed totslllng£7112Q22: fnlll. The Trustees ¢on$ldwthe key management p8rsonnql ofthe thartty to con513t of the Nursery Operatlons Director, the tharlty C￿￿MunIcatIonS Manager, The Flnance Manager, and tsvo Deputy Nursary Mana8er5. The total èmployee benefits af the key Tn4nagement personnèl of the chartly were £158,76012022: £140,9811. 19 KAMELIA KIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 32 DECEMBER 2023 li COMPARATIVE 5TATEMV+if OF FINANCIALKrniiriES~31 DECEMBER 2DZZ Unrestrlct8d I￿ndS Destgn8ted funds Ae8trkted fund5 Trtal 20Z2 INCOMEFROM: Donatlons and le8acle5 Charitable actI￿￿e5 othertradin8 Kttvitle5 Investment Income other income Total Intome 8,827 LQDS.539 924 834 4,600 L024,724 18,234 IL520 27,Cf I 1,021,059 924 834 29.754 1,054A78 EXPENDITURE ON.. RaI￿ngfundS Charr(ablè 8ctlvitles Total expendlture 1,915 880,744 882,659 £915 924,298 916213 43,554 43￿54 Netlncomellexpend￿￿rej Transfers bEtween fund5 I￿65 113l001 12,2471 128265 2,247 Net movement kn funds 144.312 1160471 128,265 Fund bala￿e5 broughtforward 495,312 25,829 521,141 Fund balaftcesat rarrled frjrward 639ffj24 9,781 649A06 20 KAMEUA KIDS NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED31 DECEMBER 2023 TANGIBLE FIXEOASSErs Land Fumlture & T¢)tsl & 8ulldln8S Equftrxiient At I lanuary 2023 Additlons 718,540 238598 13,043 Z51.641 957,138 At 31 DecembHr2023 718yO 970.1 Dop￿Cl3t10n At l January 2023 Charg8for the year At31 December 202J 453,027 204.32g 12059 217,188 657A56 19,051 676,407 459,219 N•t bookvalue At 31 De¢gmbor2023 259321 265,513 34,453 34,2é5 2YJ,774 299,782 At 31 December 2022 Included In the totsl net book value of land and buildings Is£6,OCx)120Z2-£7￿￿jl In respert of freehold property and £253,32112022'. £258,013) In respett of leasehold propèrty. 15 DEBTORS 2023 2022 Trade debto 1.0 3.295 3.352 165 Prepayments Other debtors 5.761 6,812 21 KAMELIA KIDS NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER2023 CREDITORS 2022 Trade ¢redltEJr5 6370 4,256 Other taxadon and social securtty Othèr credttors 8,945 88,088 36,348 125.957 A¢cnJals 37,160 Bank loans 18G,798 137,637 Included within other credltors Is deferred Incom8 totslllng £107.465 {2022'. £72P131. £97.465 rep￿entS nursery fee5 recelved In advance relat1ng to January 2024. £10,OC() relates to J)Ildr£n In Need donatton, 15 CREIXTORS: due after oneyear 2023 2022 Bank loan5 32,380 32,380 42,858 42,858 rhe loan relates to a Bouncè Bank Loan whlch had a start date of 15 July 2020. The loan15 repayable over ID years. No interest was charged In th2fit* 12 months, the appli￿ble intsrest rate followlng this peTI(Kl Is 2.5%. 16 OPERATING LEASE CUMMtfMENrs 2023 2022 Falllngdue withln one year Falllng due between I￿0 and ffve years 2,620 3,190 2.620 8,190 The arnountexpensesto the St3tementof Financial Artlvlues durlngthe year In relativn to operatlng leases was £1.20812022.. £1,439). 22 KAMELIA KIDS NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2023 17 SUMMARY OF FUND MOVEMENTS Balanco at I January2023 IrKome Expendlture Transfer Balanw ot 31 Dttember 2023 Unr•$trl¢t•d fund5 General fund DKl8natedfund5 Capltsl reserve 374.111 1.126.124 11,131.5451 8,927 377,617 2fj5,513 639,624 16,192) 2,735 259.321 636.93B 1.126,124 {I,ui,5451 Restrfrted funds SENDCO salary grnnts 5,OOD 1S,LlJO Early Years Pupll Premlum 6.623 5.822 I4.￿0) 16411 Disablllty Acce55 Fund Asslstant SENDCO project Calco tralnln Money management 5ki115 934 10,130 13,3111 15,OQK)I 14001 11,oooi 7,753 551 Vegetsble ￿rdell project 674 2.995 11.1821 12m41 Pre4ch¢ot re￿IdIng project Bluebell room re501Jrce5 500 (S￿) 40 1181 121.2111 9,782 29A87 12,7351 15J23 Total funds 649,406 1,155,611 {1,152,756) 652,Z61 The specific purpose5 for whiGhthe fvnd5 are to be applted are asfollows- Grants were recefved from sources Includlng BBC Chlldren In Need and Henry Smlth Charitable Trust durlrsg the year to meet speclficc05ts, Induding salarie5. Grantsfor fundlngfixed assets have been transferred to seneral lund5 atthe date of the purtha5e of the asset Other balances carded foThvard are expected to be spent in 2024. rhe ¢apitsl reserve Is a de￿gnatedfund, rgflectlng the net bookvalue of the freehold and leasehold bulldlnES, whlch Ls malntaSned forthe purposes of fumfllng the charivs prinelpal obJects and so asto disttngulsh such amounts from those remalnlng available In the Generdl Fund to servlcethe day to day commltments. 23 KAMELIA KIDS NOTES TO THE FINANCIAL STATEMEMfs (CONTINUED) FOR THF YEAR ENDED 31 DECEMBER 2023 18 ANALYSIS OF ASSETS BrfwEEN FUNOS Unrestrltted funds Deslgnated funds Restrf£ted fund5 2025 Total Fund bal8ncÈs at 31 Derember Z023 are repr•5ented by: Nxed assets Current a￿ets Credltors.. amounts falllng due wlthln one year Credltors.. amounts fallln8 due over one yeir 34,453 562,342 1186,7981 Z59,321 293.774 577,665 15.328 1186,798] 13l38Ql 132.3801 377,617 259,321 15.323 652,Z61 unres1￿cted funds De5bBnated fund5 Restrfcted funds 2022 Total nd balan0$ at 31 De￿rnb￿r 2022 are repre5entsd bv: Fixed assets Current a55ets Credltors.. amounts falling due wlthlrh orke year Credltors.. amounts fallin8 due over one year 34,269 520,337 265.513 299,782 530,119 9.782 1137,6371 1137,6371 142,8581 142,8581 374,111 265,513 9,782 649,406 19 DEFINED coThrrRIBLmoN PENSION SCHEME The charlty operates a defined contrlbutlon scheme. The pénslon c05t charge forthe year represehts contributions payablo by the charity to the scheme and 4mounted to £13,670 {2022.. £IOA881. At the year end £2,52812022., £2,249) was accrued In respert of contrlbution5 dufj to the s¢heme. REIATED PARTY TIIANSAcnoNS K Thompson, a trustee of thè clèrlty, 15 also a dlrèttor of Nevalee Buslnèss Solutlons Ltd INBSLI. During the vear NB5L provided IT supp(xt totsllng £2,09012022.' £L2121 tu the charlty under nrjrmal wmmenlal term5. 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