2024-03-31-accounts - Bacton Under Fives

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Trustees’ Annual Report for the period

From 6[th] April 2023 Period start date To 5[th] April 2024 Period end date

Charity name: BACTON UNDER FIVES

Charity registration number: 293638

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To support children’s learning and development by provide high quality care and opportunities to children from 3 months to school age and out of school care for children up to the age of 12 using the Early Years Foundation Stage Statutory Framework.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Bacton Under Fives offer a complete package of childcare for families within the local community and beyond.  Pre school and Daycare 3 years +  Toddlers 2 years – 3 years  Babies up to the age of 2  Wrap around care for school children before and after school  Holiday club for all ages up to 12 We open 51 weeks of the years approx., closing for bank holidays and Christmas shut down.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees meet 4 times a year and have a good understanding of Charity law. The AGM will be at the end of March. We currently have 4 trustees in Office.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference No current policy Para 1.38 Policy on grant making No current policy Para 1.38 Policy on social investment including program related investment

Contribution made by volunteers	Para 1.38	Our volunteers are parents on the trustee committee and parental support. We do accept students who volunteer for work experience.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	*** We continue to provide an accessible service to families with children which allow them to work. Provide a service to vulnerable families within the area Provide families and children with a high quality childcare facility *Offer wraparound care to school age** children offering parents more flexibility with their own commitments Pride ourselves on meeting the needs of the local community Flexible sessions *Been part of Bacton community over 40 years

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41	We are able to generate some additional fundraising from: Bacton Charities donation Photography sales donation Summer raffles
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The end of year accounts show a small surplus.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are only held for building costs and redundancy
Amount of reserves held	Para 1.22	We try to keep a small reserve but as we are a not for profit organisation this means it is minimal
Reasons for holding zero reserves	Para 1.22	n/a
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	Government Funding is taken up by the majority of children on role however the ‘funding’ is not a true reflection of what it costs us to actually provide it.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Primarily Government funding is our main source of funding for 2,3 and 4 year olds. Parents pay fees for anything hours used above this or until they are funded. We use fundraising to financially account for new resources if we can afford them
Investment policy and objectives including any social investment policy adopted	Para 1.46	n/a
A description of the principal risks facing the charity	Para 1.46	If rising costs continue to increase and the Government funding we receive does not reflect that, there is a risk that we could deplete our reserves.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	2011 Early Years Alliance Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Voluntary Charity with constitution
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustee’s annual general meeting

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	Member of Early Years Alliance
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Bacton Under Fives
Other name the charity uses
Registered charity number	293638
Charity’s principal address	The Playcentre Tailors Green Bacton Suffolk IP14 4LL

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Jemma Gritton	Chair
	Charlotte Kerridge	Secretary
	Hollie Ivanovich	Treasurer
	Pat Chapman	Manager and nominated person for Ofsted

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Pat Chapman

Full name(s) Mrs Patricia Chapman

Position (eg Secretary, Manager Chair, etc)

Date 10.09.24

BAcfoN UNDER FIVES CHARITY NO,, 293638 BAIANCE SHEEY ASAT31ST MARCH 2024 CURRENT ASSETS 2024 2023 Pre-school bulldSng 217,311 221,746 Pre-school Equlpment 236 295 oihÈr Equlpmernt 1,466 1,833 DepDslt ACCot 14,868 40,034 Current AccouTrt 15.262 6,452 Cash In Hand 752 38 249,896 270,397 LESS CURRENTLIABILftlES Credltors & Ac£ruals 400 400 400 249,496 269.997 Flnanced bv= AccuMu13ted Fud 269,997 268,158 Surplu5llDefKitl 1,839 TDtsl Funds 149.496 269.997 I certlfythatthese slateMent5 replesefit a true sMMary01 the financlal iran5?ctIoM5 of Bactoll Under Fr4è5 forthe yearendlMÈ 31st 2024 from the Information presentEd lo me. Stephen Car .C.C.A. IL41 Date

BACTON UNDEA FIVES CHARITY NO.. 29363B REVENUE ACCOLINT FOR THE YEAR ENDEEI 315T MARCH 2024 INCOME 2024 2023 FLFnding 121.612 112,429 Fees 196,432 169,279 Fundralslng 820 769 Interest Eained 250 319,114 177 282,654 LESS EXPENSES Wage5 fvlllk, Food, Drinking Water & Cleanin8 Tralnlng Actlvitles & Rewtsices Equlpment Fnd[sI51n8 Repalrs & Renewals 285.754 16.356 316 4.144 2,595 127 2,298 6,219 13,069 3,309 139 30 400 4,851 227,295 15,928 989 5.313 1.794 314 4,042 6,469 10,298 2,865 91 94 400 4.923 Admlnlstratton Insurance Subscflptlons Mlscellaneous Accountancy Depr@clatlon 339.616 280,815 SUApiusIIDEFICITI 120,5011 1,839

INdependeni EMamlhetsReportto theTrustees of Bacton Under Flves- reE15ter¢d charlty no. 29363B Report Dn the #¢tounis of the charlty IoTthe year ended 315t March 2024 as set outcn the attathed pa8es. Respectlve respDnslbilitlÈs ol the irustee5 and exaffliner. As the charlty's Iru5tees you are responslble forthe prepaiation of the 8ccount5' you conslder thatthe audit requiiement of sectleg 43121 of the Chafities Act 1993 Ithe Actl does notapply. It is my responslbll¢ty to state, on the basis of procedure5 spÈclf4ed In the Geperal Directions glven by the charitycomrnissloners under 5ect40n 43171 Ibl of the Acl whether pèrElcular rnatters ha¥È come to my attentlors. Basls of Indepe*derteN•mlner's report, My examinatlon w35 tarrled out In accordance with the General Dlfe¢tlons givÈn bythe Charlty Catnm1$5ioners. An examinatlon Include5 a ieview of the accountlnR rec¢yds kept bythe Charlty and a ¢ompari5on of the accounts presented wlth those recDrds. It also Includes considerafjon of any unusual item5 or dlsclosure5 In the accounts. and seeklng explanatlons from you as Irustees contrrnlng any Such matter5. The procedures undertaken do not provide 811 the evldence thatwould be required In 3n 2udSt and consequenily I do not expre55 èn audlt oplnlon on thevlewglven byth2 accounts. Independentexarnlnw'sstaiement. In connectlon with my examlnation. no matter has come to my attentitj).. whlch q6ves me reasonable causo to believethat Ill 4ny maierlal aspectthe reoulrement5 to keep accountlng recordsln accDrdancev4lth seclion 41 of the Aci,. and to prepare accounts In accord with the aecounting re¢Drds Jnd to complywlth the accountlng requlremeThts of the A¢t have notbÈen met, or Ibl to wbith, In My0non, attentlon should be drawn In order to enable a proper understèndineof the accounts to be reached. Steph n Cardy A. .C.A IL41 Date