Registered charity Number 1198810 COOL KIDS@ CRADOC (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
COOL KIDS @ CRADOC (as) tNDF.X TO THE FINANCIAL STATEMENTS for the year ending 31 August 2024 Pvdge Trustees Report Independent Examlners Report Recelpts and Payments A¢wunt Statement of Assets and Liabilitieg Nole to the FiDaDcial Statements
COOL KIDS @ CRADOC (Cio) TRUSTEF,S' REPORT for ¢he year ending 31 August 2024 The trustees Present their report with the independently examined financial statements of Cool Kids@ Cradoc {ClO) REFERENCE AND ADMINISTRATIVE DETAIIS OFTHF. CHARITY, ITS TRUSTEES AND ADVISORS Name of Charity.. Cool Kids @ Crnd(X Registered Chariry NuJnber: 1198810 Principle Opcrating Addr¢ss: Cradoc Primary School Cradoc Brecon Powys LD3 9LR TnteeS.' Jane Elizabeth Vamplew Jeanette Elizabeth Norbury Carys Margaret Wood5 Independcnt Examiner: Joanna RodericK Bsc ACA WJ James & Co Chartered Accountants Bishops House 10 Wheat Street Brecon Powys Bankers HSBC 1271128 High Str¢¢t erthyr Tydfil Mid Glamorgan STRL'CTURE, GOVERNAIYCE AND MANAGEMENT Governing Document Cool Kids @ Cradoc Kids, Club is a CIO registered with the Charities Commission on 3 May 2022.
COOL KIDS @ CRADOC (CIO) Trustees Report {¢ontinued) For the year ending 3111August 2024 Recrnitment and appointment of trustees- Cool Kids @ Cradoc The cUt truste¢s forn the Executive Committee of the Charity. Unfortunately, this year we have been unable to appoint any additiojjal members to the board. However, all serving officcrs agrcd to remaill On the for a furth¢r lam and in line with our constitution. Trustees Induction and Training All of the Current charities trnstees have followed any nccessary training and updatcd their DBS this ycar. Information pa¢k5 We prepared for this years Alim containing details of expected iraining and recommended reading- Roles and RespoJ)8ibilities of Trnstees, the organisation's constitution, a copy of all thc policics and procedures, the business plan and financial reports. However, this year once agai)) we have been unable lo recruit any new trustees to our boar OrganisatiOllAI Structure The charity is Managed by a board of trustees who work and make strategic decisions in line with the organisation's 'foundation model, governing ¢onstitution. Meetings are held quarterly or when th¢ need arises. All d¢cisioDs and any conflicts of interest are CafUllY minuted and then stored in th¢ meetings b(K)k for tllre reference. The day to day running of Cool Kids @ Cradoc is managed by a qualified Manager/ Playleader and a skilled team of playworkers. The Manager/Playleader reports back to the truste¢s at each board meeting. Risk Management Any identifiable major risk to which the Charity is exposed is quickly and trnnsparently dealt with by the trustees. Oncc a risk is identified il is reviewed by the fvll board of trustees and systems are set up to alleviate any ongoing problems that Could jeopardise the WO of the Charity. All of the organisation's systems, poli¢i¢s and pro¢ureS are reviewed every ycaT in MaTch or after any illcident or major event. The Ist5 make it their business to keep infomed of any new legislation or changes to the Care tnswctordte Wales {CIW) Quality Standards for Oul ol School Childcare.
COOL KIDS @ CRADOC (CIO) TRiISTEES RF.PORT (eontiTbued) for the year eDdin% 31 August 2024 ORTECTIVES AND ACTIVTrIEs Cool Kids @ CTadoc objects (CIO) are.. To provide the necessary facilities for the daily care, reeation and advocation of children out of school hours: and To advance th¢ education and training of the r$onS in provision of such care, education and recreationRI activilies Revieiv of Activities The statT plan and provide lots of interesting activities throughout the year. During this year we have organised circus skills. European themes culture, cooking and travel. New challenging crnft ideas ro¢het, weaving and knitting, Clay work, planting, forest school and mediev&l themes, bh activitieslsport, sailing themes and light house modelling. On¢ ol lh¢ most celebrated days was the music workshop which covered keyboard and drum sessions. However. the den building sessions are still, by far, the favourite activity. In this years 'geTYice users, questionnaire and quality report the parents reported that they valued that ¢hildr¢n have a voice in all ihat they do and are free to give their opinions on the a¢livilies they tak¢ part in. We are pl¢as¢d to report that there w¢re no negative comments from parenVcareTS. in our quality re]x)rt ( questionnaire. Public Benefi¢ The trnstees endehvour to make sur¢ that the charity is continuing to build upon th¢ purposes for which the organisation was originally set up. to provide accessible. affordable. qua]ity childcare for children at the beginning and end of th¢ir school day and during 8ehool holidays. This then provides support for working families and those in education or training. Cool Kids @ Cradoc provides supervised childcare during terni time b¢ttve¢n.' 7.45 am- 9.05 am- Breakfast Llub 3.30 pm- 6.00 pm-After school Club In holiday club between.. 7.45 am- 6.00 pm Our staff hav¢ providcd 8 stimulating and recreational programme of quality play activities foT the children attending. Some children attend ¢v¢ry s¢ssion 50 the staff try to m8k¢ ihe &¢tiviti¢s as varied &$ possible and, because we are a Lhild led 4etting, to also allow for children's fre¢ Choice of play. The organisation was inspected by the Care Inspectt)rnE Wales on February l s 2024 and was graded a5 '800d' in cvery category Well-being. Care and Developmen¢ Environment and Leadership and Management.
COOLIKIDS @ CRADOC (CIO) TRUSTEES REPORT (continued) for the year ending 31" Allgu5t 2024 Within the Care Inspectorate report it was notcd that.. The people wko the selling have a good vtsionfor the .setling ondpnn4des clearpolicTes. in line with regulations and t1 Notiortal Mininzum Siandards. They enplre slaff 4tre supported well and are given appMpr1e trainingfor iheir roles. The children attendiMgf¢¢l a sense of belonging. theyfeel s'afe. huppy, enihusiasiic andfonn close bolS wilh $ff, all of which hLU a posiÉive ipnpuct on their well-being and motivaii04. Children are enihusiaslic eryoy opportunities toploy and lédnL FiDaDcial Review Principle ndIng source Th¢ Charily's princlpal funding souw¢ is from the fecs chargcd to the parents of the children atr&nding Cool Kids L& Cradoc. Re$erves Policy The Trustees endeavour to reserve a level of reswves that will cnsurc the Charity can still remain sustainable. However, thi5 ycar we hav¢ had enonn¢)us di)Ticulty mailllaining our financial res¢rves. We have not bad the high level of attendance that we have had in previous years. This was due to a larger than aver&ge number of our rcgular children leaving for high school at the bcgillniDg of S¢pt¢mb¢r 2023 and fewcr children joining us from the pre-schcKyl setting. Also a change in the operating structure of the school, from which 'e run our serviK has caused fewer children to join the sch1 and thefore there has bccn a lower demand for childcare. Taking all of the above into consideration wc ate still in a position to go forward into our llew financial year. This has becn hclped by grant funding from the Powys CC Childcar¢ team lo cover some of the cost of wages for our sessional staft looking after ihe club's additional needs children. We are also planning to in¢se our fees from September to help cover the shortfall in fees due lo the lower numbers of children allending. The trnstees and rnaTragcnnt team of Cool Kids @ Cradoc are always a¢lively looking foT new fullding sources and the necessary training courses for their gtaff. With the help of a new business plaj) we not only hope to incrvdse rev¢nue but also provide staff with the access to the necessary training courses to enable them to move forward in their Careos. Cool Kids @ Cradoc has a dedicated team of trustees and stsff all of rccogDise that play is an important part of Children's lives. By providing quality childcare it helps parents to continue to work or return to cducation knowing their children are having fi]n whilst being well cared for. This in turn then benefits the economy as a whole.
COOL IKIDS @ CRADOC (CIO) TRUSTEES REPORT {continue(D for the year ending 31 August 2024 Statement of Trnstees, Responsibility The tmstccs are re5pon5ible for preparing the Trustees, Report and the financial ststement in accordance with applicable law and the Unilcd Kingdom Accounting Stsndards (unit Kingdom Gen¢rally Acccpted Accounting Practice). The law applicable to charities in r.ngland and Wales require5 the trustees to prepare financia] ststements ror each financial ycar which gives a tnLe and fair view of the state of affairs of the clLatity and the incoming resources and applications of resources of the cbaTity for that PCTiI)d, Jn prepating these fllwicial statements. the trnstees are required to: Selt suitable policies and apply them consistently: observe the methods and principles in the ChaTities SORP 2019 (FRS102)' make judgements and estimates that are reasonable and prudent: ststc whether applicable accounting standards have been followe subject to any mafrrial departures disclosed and explaincd in the financial ststemenls" prepare the financial staternet on an ongoing con¢¢rn basis unless it is inappropriate to presume that ihe ckwity will ¢ontinu¢ in OF¢ration. The tneeS are responsible for keeping accounting records that disclose with reasonabl¢ accurdcy at any timc the fjnancial position of the charity and enable them to ensure that the financial statements comply wlth th¢ Charities Act 2011, thc Charity (Accounts ReEx)rts) Re¥ulations 2008 and th¢ provision of th¢ trust d¢¢d. They are also responsible for safeguarding the assets of the charity'aThd hence for taking reasonable steps for the prevention and detection of fiaud and Ot1 ittegularities. Sfigned on th¢ behilf of tbe Trnstees Jane ElizAbdh Vamplew- Chair
COOL KIDS @ CRADOC (Cio) Independent Examiller's Report lo the Trustees of Cool Kid5 41 Cradoc Kids, Club (Cto) I report lo the ¢harity trnstees on my examination of the accounts of the charity for th¢ year ended 31 August 2024 which are set oui on pages 7 to 9. Respon$ibi]itie5 and basis of report As the charity's trustees you are responsible for the preparation of the accounts in a¢cordaD¢¢ with the reqU1ments of the Chariti¢s Act 2011 ('the Act,). I r¢port in r¢S¢t of my cxamination of the charlty's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all thc applicable dircctions givcn by the Charity Commi&8ion under section 145(5)(b) of the Act. Independent examiner's Statement I have completed my examination. I confirn) that no material matt have come to my attention in onnection with the examination giving me cause to lIeVe that in any material respect: awunling records were not kept in SpeCt of the ¢harity as required by section 130 of th¢ Act. or 2. thc accoullls do not acconl with those r¢wrd$' or the accounts do not comply with the applicable requirements concerning the forni and content of the accounts sct out in the CIWIti (Acwunts and Reports) Regulations 2008 other than ally requirement that the accounts give 8 'true and view, which is not a matter considered as part of an independent examination. I have no concem8 aThd havc comc across no othcr matters in conncction with th¢ examination to which attention should be drawn in this rew>rt in order to enable a proper understaoding of the accountg lo be reached. J M Roderick BSC, ACA WJJames&Co Chartered Accountant 10 Wheat Street Brecon aa.losla.g.. ........ ...
COOL KIDS @ CRADOC (CIO) RECEIIryS AND PAYMENfs AccoiJKr for the year ending 31 August 2024 2024 Total Funds 2023 Totsl Funds Notes Unrestrieted Funds INCOMING RECEIPTS Fees Grants 49,615 4,458 49,615 4,458 53,646 2.885 54.073 54,073 56,531 TOTAL INCOMING RECEIFrs RESOURCES EXPENDED Staff salaries Staff pensions Equipn]ent and games Consumablcs Materials Insurancc Accountancy Payroll services Stationery Post and tclcphone Workshops Subscriptions and membership fees Training Sundry Refid overpaid fees Bajth Charges 51,452 128 1.519 2.602 609 522 246 600 142 228 105 327 141 571 24 60 51,452 128 1,519 2,602 609 522 246 600 142 228 105 327 141 571 24 60 46,060 141 1.023 2,823 90 522 240 431 262 232 257 202 365 62 TOTAL RESOURCES EXPEIYDED 59,276 59,276 52,710 NET PROFIT FOR THE PERIOD (5,203) (5.203) 3.821 Cash and bank balanees as at I September 2023 14,193 14,193 iOJ72 Cash aDd bank balrdnces Is at 31 August 2024 8,990 990 14,193
COOL KIDS @ C0C {cio) STATEMENT OF ASSETS AND LJABILrrtES as at 31 August 2024 Note5 2024 2023 BANK BALANCES HSBC Schools and Colleges account 8.990 14,193 TOTAL MOIYETARY ASSETS 8.990 14,193 Comprising . Unrestricted funds R¢stTiCl Funds 8,990 14,193 OTHER ASSETS Debtors 6.529 6,392 LIABILITIES Creditors 9,648 11,960 SigDed on behalf of tbe'frustees Jane Elizabeth Vamplew -
COOL KIDS @ CRADOC (Cio) OTLS TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024 BASIS OF PREPARATION These accounls have been prepared on a Receipts and Payments basis in line with 11)e Charity Commission guidance for a CIO of this size. DEBTORS 2024 2023 Fees outstsnding at 31 August 2024 6.529 6.392 CREDoRs 2024 2023 Wages Accountancy J. Owen- expenses 8,685 250 713 10.710 240 i.oio 9.648 11.960 REMUNERATION OF TRUSTEES AND CONNECTED PERSONS No remunerdtion has been paid to TnteeS or connected persons (2023..NIL) during the year. RELATED PARTY TRANSACTIONS During the year the Clwily had no related party transactlODS {2023..NIL) with its Trnstees / Senior Officers and the org8nisation they represent on the Board of Cwl Kids @ Cradoc. TAXATION Cool Kidso Cradoc is a registered charity. All the Charities, income is applied to its charitable ObjctiveS and Éhe asswiation is ih¢r¢foT¢ exempt undeT Cuent legisl10n from most foLmS of taxation.