Company reglstratlon number 2412455 (England and Walesl
St George's Community Children's
Project Limited
StGe-
ge's
CHILDCAIIE
DIRECTORS, REPORT AND
AUDITED FINANCIAL STATEMENTS
for the year ended
31 AUGUST 2024
KENfT
Whitehead
Monckton •
L()XIhll IN ITI"
FC)I":NII.4TIC)
ChaTitable Foundation
L(YIEk
COLYER
FERGUSSON
LOTTERY FUNDED
C.MARITAAI E TRIJST

STGEORGE'S COMMUNrrY CHILDREN'S PROJEcf UMITED
CONTENTS
Pagels)
1-12
Directors, report
13- 16 Independent Auditor's report
17
Statement of financial activities
18
Balance sheet
19
Statement of cash flows
20 - 32 Notes to the accounts

STGEORGE'S COMMUNITYCHILDREN'S PROJEcf LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The directors, who are also trustees for the purposes of the Charities Act 2011, present their annual report
and the audited financial statements of the charitable company for the year ended 31 August 2024. This
director5, report, prepared in accordance with Section 415 of the Companie5 Art 2006, is also the trustee5'
report required by the Charities Act 2011.
The trustees confirm that the annual report and financial statements of the charity comply with the current
statutory requirements, the requirements of the charity's governing document and the provisions of
"Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reportingstandard applicable in the UK and Republicof Ireland
IFRS 102)" ICh3rities SORP IFRS 102)).
Reference and Administrative Information
CHARITY NAME
St George's Community Children's Project Limited,
Also known as St George's Childcare
COMPANY NUMBER
2412455 (registered in England)
CHARITY REGISTRATION NUMBER
802017
REGISTERED OFFICE AND
PRINCIPAL ADDRESS
7 Chilston Road
Tunbridge Wells
Kent TN4 9LP
SENIOR STATUTORY AUDITOR
Amy Healey FCA CTA DChA
Llndeyer Francis Ferguson Limited
Chartered Accountants
North House
198 High Street
Tonbridge
Kent TN9 IBE
BANKERS
National Westminster Bank plc
89 Mount Pleasant Road
Tunbridge Wells
KentTNI IPX
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill, West Malling
Kent ME19 4JQ
The Charity Bank Ltd
Fosse House
182 High Street
Tonbridge TN9 IBE

ST GEORGE'S COMMUNrrY CHILDREN'S PROJEcf LIMITED
DIREcfoRS' REPORT Icontlnued}
FOR THE YEAR ENDED 31 AUGUST 2024
DIRECTORS
Adrian Crouch {Chair)
Ja50n Fisher
Llndsey Grant
Julie Hughes
Cenydd Milne
Pauline Parker
Steven Whittle
Anna Youngson
Vijay Ray
Charlotte Fisher
Edward Hadley
Iresigned 2911/2024)
Ireslgned 251912023)
(resigned 0416/2024)
(appointed 251912023)
lappointed 24/6/2024)
lappointed 241612024>
BUSINESS MANAGER
Morgane Glew
Structure, Governance and Management
Company Stutus
St George's Community Children's Project Limited is a charitable company limited by guarantee and has no
share capital. In the event of a winding up, each member and those that have ceased being a member within
the previous twelve months, are limited to a liability of £1. The company was incorporated on 10 August 1989
and is governed by its Memorandum and Articles of Association.
Govemance
The Board of Directors is responsible for selecting and recruiting suitable directors to office at the Annual
General Meeting. In order to recruit new trustees, the board advertise on Do.it.org, the website and do posts
on social media. The maximum number of directors that may be elected to the board is twelve and the
minimum is three. Eight directors served in office during the year.
The directors may from time to time appoint any member of the company as a director, either to fill a casual
vacancy or by way of addition to the Board, provided that the prescribed maximum number of directors is not
exceeded. Any member so appointed shall retain office until the next Annual General Meeting and is then
eligible for re-election.
Durlng the year the trustees set up a wholly owned subsidiary in the name of St George's Childcare Limited.
The company is incorporated in England and Wales (no. 15459281 with the same registered office as the
charity. The company is dormant and has been created in order to retain the charity's trading name.
Induction of directors
Individuals who are interested in becoming directors are invited to join a meeting where they are introduced
to all the other members. They are asked to submit a CV and to complete the necessary forms for clearance
through the Disclosure and Barring Seriice IDBSI and OFSTED.

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
DIRECTORS, REPORT (contlnued}
FOR THE YEAR ENDED 31 AUGUST 2024
Copies of the previous 12 month's meeting minutes, a copy of the charit¢5 Memorandum and Articles of
Association, the latest accounts from the preceding month are availableto new directors. The charitvswebsite
and prospectus are also available to all new members to gain more information about the management and
services of the charity.
Oryanisational Strncture
The management of the charity is run by the Executive Committee, which consists of the serving directors and
the Business Manager. The Board of Directors meet monthly with the Business Manager where any issues or
escalations are raised for discussion and resolution.
The Business Manager oversees the rest of the administrative team which comprises three Childcare
Managers, a Deputy Childcare manager, a Finance Manager, a Fundraising Manager, an Office Manager, an
Administrative Assistant/Receptionist and a Maintenance Manager.
The remuneration of the charitrfs key management personnel is decided by the directors based on
performance and achievement of agreed objectives for the year. It is communicated by the Chair.
Govemonce offvndrnising
With regard to fundraising standards, St George's Community Childcare Project Limited is registered with the
Fundraising Regulator, and acts in accordance with the Fundraising Regulator's Code of Practice, which sets
out the standards wlth which a charity should comply.
The Code can be found online at: htt
www.fundrai
in
re
ulator.or
co
Objectlves and Activities
The overall aim of St George'5 is to provide a high standard of childcare for the local community.
This encompasses:
the promotion of the mental, physical and 5pirltual wellbeing of children and young people, especially
those in poor circumstances, those suffering from disability and incapacity of any kind and those who
are deprived; and
the relief of children in need of care and protection by the provision of day care facllities and facilities
for such children outside of school hours and during school holidays.
The nursery offers three categories of activity:
Afull day care Nursery comprised of five areas namely Squirrels (babies- 1.5 years), Hedgehog511.5-
2 years), Moles (2-3 years), and Badgers and Otters (3-5 years};
Little Dragons term time only preschool group12.5-5 years); and
An Out of Hours facility incorporating After School Club for primary school children up to year 6 and
Holiday Clubs.

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMrrED
DIRECTORS. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
These activities are run from the charitVs freehold property at 7 Chilston Road, Tunbrldge Wells.
The childcare service is offered to all sections of the community irrespertive of ethnic, social and cultural
differences and thereby encourages children to mix with and respect one another. In orderto accomplish this,
St George's uses social media, word of mouth and sometimes marketing advertisements placed In targeted
local publications.
When providing assisted childcare places St George's aims to also give consideration to (and in no order of
preference):.
l. Children who have a parent suffering from either mental or physical disability.
2. Children who have been referred to St George's through another agency.
3. Children from families who are experiencing financial hardship.
4. Children from families experiencing emotional/stressful circumstances temporarily or long-term.
5. Children whose social or intellectual development is known to be delayed.
6. Children from homes where there is inadequate play space,
In order to do this the charity offers subsidised places for childcare services. Special consideration is given to
individual families as and when the need arises within all areas of the childcare. The Executive Committee
reviews the number of a5515ted place5 offered each year and the Childcare managers review them on a case-
by-case basis every 6 months if they need to be extended, in which case a fonn 15 sent to the famlly and criteria
are assessed once again, for example, where does the referral comesfrom, housing and employment situation,
benefits being received, child special educational needs, detailed circumstances etc. Subsidised places are
made possible through the chariws programme of fundraising,
In order to meet the overall aim of providing high quality childcare St George's has categorised Its aims in five
ways;
Communlty links
to provide access to all visitors to view our services and facilities.
to open orjoin communication links with other agencies.
to share information and experiences with other agencies.
to open orjoin communication links with statutory agencies.
Health andsafety
to provide optimum standards of Health and Safety for all individuals involved at St George's.
to have Sufficient expertise amongst the staff to cope with the minor medical problems of children and
to deal confidently with emergency situations,
to be aware of the nutritional requirements of the growing child and how these needs can be met.

ST GEORGE'S COMMUNrrY CHILDREN'S PROJECT LIMITED
DIRECTORS, REPORT Icontinued)
FOR THE YEAR ENDED 31 AUGUST 2024
Chlldcarefvcllltles
to provide a good quality day care nursery service for children from babies to five years old.
to provide a good quality term time only preschool for children from two and a half years to school
age.
to provide good quality Out of School Clubs for primary school children up to year 6.
to provide subsidised places for disadvantaged children as predetermined.
to provide a combination of excellent day care, after school and holiday care that can provide a
continuous seniice from babies up to year 6.
Fqmlly support
to provide a secure and caring environment in which parents will feel confident to leave their child.
to offer a team of professional staff who are available for confidential discussion of each individual
child's needs.
to maximise fundraising potential in order to provide subsidised place5.
to offer advice and support for parents of children with special needs.
to offer opportunities for parental involvement in social, board management and fundraising activities.
Media
to promote a positive image of St George's and the excellent childcare it offers through social media
such as our website, our Facebook, and our Instagram page.
St George's short-term aims are..
Make sure St George's has sufficient subsidised places.
Achieve the forecasted fundraising objective.
Deliver consistent outcome5 for all children across the setting.
Creatively develop each child's potential.
Deliver a personal learning and development plan for each staff member that achieves best practice
within their roles.
Consistently monitor staff engagement.
Review pay scales and benefit5 package to maintain competitive advantage.
Involve our teams in the delivery of our plan.
Maintain an operational budget.
Mitigate and control risk.
Maintain our operational assets (equipment, resources and property).
Develop a plan for an investment surplus.
Diversify our savings options to minimise risks.
Develop innovative solutions across the setting.
Develop a community network to raise the profile of St George's.
Ensure our charity offering is relevant based on existing and changing local needs.
Develop and encourage Eco-friendly ways across the setting and build on our Eco-friendly credential5.
Communicate clearly our charitable offerings with parents.
Invest in charitable venture in our communlty.

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
DIRECTORS, REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
St George's long-term aims are:
Maintain our'Good' OFSTED rating and regain Our'Outstandln￿ OFSTED rating.
Maintain or increase the occupancy.
Retain staff by making sure our training and benefits package is competitive.
Provide a clear pipeline and personal development plan for staff from apprentices to fully qualified
childcare professionals.
Continue to develop and motivate our highly skilled team who are passionate working for St Georges.
Deliver a surplus in order to maintain required working capital, to ensure funds are available in the
event of unbudgeted expenditure and to reinvest into the setting.
successfully expend our provision and create an innovative and sustainable childcare setting.
Maximise opportunities to support our community.
The Executive Committee measures its success in a number of ways, but there a number of key indicators as
follows:
The occupancy rates within each activity. A 10-month forecast is prepared monthly, which is reviewed
by the board and the Business Manager.
The number of assisted places it has been able to offer to parents who need support.
Results of OFSTED inspections. We are governed by OFSTED and follow the Early Years Foundation
Stage IEYFS); the government framework that sets standards for care and learning in the early years.
Feedback from parents or carers. Childcare managers meet with social workers and health visitors,
and regularlyorganise interviews with family members sothat thechildcare managers can be informed
about the behaviour of their children and how their life is improving.
Retention of permanent staff members.
Monthly analysis of our management accounts for budget tracking purposes.
Yearly parents and staff survey.
In setting the objectives and planning the activitie5 of St George's the directors have given careful
consideration to the Charity Commission's general guidance on public benefit and to its supplementary public
benefit guidance on advancing education and on fee charging.
Review of achlevements
During the year, St George's experienced a good level of occupancyi and currently has waiting lists up to 2026
to 2028 depending on the rooms.
Throughout 2023124 we have had our entire playground redesigned and new toilets put up in Moles, children
and staff toilets.
The last OFSTED inspection was in November 2019 and the St George's received an outstanding rating which
shows the quality of childcare provided in the setting.

ST GEORGE'S COMMUNrrY CHILDREN'S PROJEcf LIMITED
DIREcfoRS' REPORT Icontlnued)
FOR THE YEAR ENDED 31 AUGUST 2024
Children
Nursery
The nursery occupancy rates were good from September 2023. Occupancy rates for the year were 82%12023:
85%), slightly less than the previous year due to more some spaces being reserved for children moving up and
therefore not free for bookings of new children.
By advertising our free 'Ad Oc, sessions to existing parents we have been able to add an extra £20.5K to our
revenue this Financial Year.
Llttle Dmgons
The Little Dragons, occupancy rates for the year were 85%12023: 87%) this Is due to two-year-old children
starting later in the term after their third birthday due to ratios.
AfterSd￿ aub
The club has been consistently well occupied with occupancy rates for the year of 88%12023: 81%}. We have
been fully booked everyday apart from Fridays, we also have a long waiting list for these days.
Holidoy Club
The Holiday Clubs has seen good numbers with occupancy rates for the year of 96%12023: 87%). We have
received many compliments from parents about how much their children enjoy coming to the club.
We have set up a new online booking system with BookPebble.co.uk, which enables parents to book their
child's places and pay online by credit cards or childcare vouchers. Staff are also able to book using the
platform and use a discount code.
The children a￿ fed from the marvellous kitchen and then have the opportunityto play both in and out of the
building. The children also get the opportunity to go on outings to local parks and to attractions like theatre
shows etc.
During the year, results of interrfiews and questionnaireswith parentswere positive and showed the difference
that St George's makes to children and their families. Results showed that 95% of parent5 ale very happy with
the 5etting• which we are very proud about. Communication, catering, buildinE, and gardening improvements
were a few areas that were highlighted.
At the centre of the service, is the Senior Childcare Leader who is a highly experienced and qualified childcare
professional, supported by Keyworkers who complete planning and next steps for the children including
observations and assessments. Connect, an interactive tool, is used by the setting and parents. This enables
the Key Person to create an Online Journal which parents can read and contribute to, to document the
children's progress. Besides observations on learning and progress, this tool will include things like photos and
videos. This investment hasenabled better sharing of information and feedback on each child which has helped
develop consistent care both at nursery and at home.

STGEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
DIRECTORS, REPORT {continued)
FOR THE YEAR ENDED 31 AUGUST 2024
Staff
Recruitment within the sector has been challenging but we have been successful in recruiting and retaining
talented staff through our practises and staff benefits. Our staff are bright, caring individuals who are a credit
to the St George's team. In addition, they are mostly either qualified or working towards a qualification. One
member of staff qualified this year. The management team continues to work with each employee with a view
to be a great place to work as well as a fantastic childcare establishment. Our Staff Development Lead is here
to support staff and organise necessary training to suits their needs and requirements of St George's. This
includes ensuring all staff receive the necessary training, have supervision meetings every 6-8 weeks and a
yearly appraisal where their training needs and achievements are reviewed. The appraisal process was done
in February and March 2024 and was followed by a Payscale exercise (due to the National minlmum Wage
increasing in April 2024) and a pay increase in April 2024.
Staff benefits package include.. 3 month5, fully paid maternity leave, free childcare when staff are working,
holiday given between Christmas and New Year, pension scheme, social events, acce55 to over 200 exclusive
perks and discounts (discounted cinema tickets, money off meals out, reduced membershlp fees), free lunch,
free flu jab, free uniforms, funded training, Cycle to work scheme, regular treats like breakfast, snacks etc.
Fundmising ond a$￿StedplaCes
Although St George's run5 3 full time Nursery, term time only preschool, Afterschool and Holiday Club, it also
undertakes significant fundraising activities with the objective of being able to provide 5ubsidised places for
children in need.
The 2023124 year Saw St George's provide 14 children with such subsidi5ed places, at a cost of £11,375 forthe
vear.
St George's exceeded the fundraising target for 2023/24 by 59Yo. Funds came from generous grants and
donations we have received, our very successful Christmas and Summer fairs, and fundraising events like our
Quiz Night, Photoshoots, Golf Day and Tunbridge We115 Marathon.
St George's would like to thank the following individuals, grant bodies and organisations who have supported
the charity during the year with significant fundraising activities and donations:
£5,000 Colyer Ferguson
£6,000 Kent Community Foundation
£2,500 Groundwork
£9,312 Kent County Council - additional support
£4,000 Enjoy benefits
£500 Donation Handelsbanken

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMrrED
DIRECTORS. REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2024
The setting is sincerely grateful to each and every individual, company, club, church, trust and group that has
donated or volunteered their services. Without this help. St George'5 could not hope to help as many children
as it does.
In addition, St George's continues to be involved with The Mayorfs Toy Appeal. helping a large number of
children each year to enjoy a better Christmas.
The majority of St George's fundraising income is obtained through grant and trust applications and the
support from those in our community. We do not carry out any fundraising activities where a professional
fundraising agency is paid or where external fundraisers are acting on our behalf. Any fundraising activities
that are undertaken are done so voluntarily and under the guidance of the Fundraising and Development
Manager wherever possible.
Bullding
The building is close to 2(K) years old and, as such, requires a significant amount of work and upkeep to
maintain a safe and comfortable environment as well as retain its appealing nature for children.
In orderto ensure the setting provides a high standardforthe children, a numberof building works have taken
place in the year..
New playground
New children and staff toilets in Moles
It 15 hoped that in the 2024125 financial year, St George's will be able to secure some additional fundraising,
so that it can undertake some significant improvements throughoutthe setting.
Penslon
Staff who meet the legislative criteria are automatically opted in to the People's Pension and can pay 5% of
their salary (2% prior to April 20191 wlth St George's paying 3%. Staff can then opt out of pension payments if
they do not wish to utilise it.
Rlsk Management
The board review the risk register on a monthly basls and take appropriate actions where necessary. Currently,
principal risks are considered to be:
The board could benefit in relevant skills in HR, employment law etc.
Key staff absence,
GDPR Compliance.
Business continuity and planning.
Retention of staff.

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
DIREcfoRS' REPORT Icontinued)
FOR THE YEAR ENDED 31 AUGUST 2024
Building destruction by fire.
Loss of IT equipment.
Lockdown situation (building intrusion).
Building maintenance.
Public Perception.
Running out of funding.
Special diet compliance.
Health and Safety.
Loss of revenue following closure due to lockdown for pandemic.
Exceptional building or grounds maintenance issues.
Pandemic Illness.
Building securitv.
The board and the Busine55 Manager have identified these risks and put relevant measures in place to control
thern, for example, a review of the constitution, the creation of a continuity plan and cover plan for key staff,
the monitoring of our building maintenance report, lock down drills and the reinforcement of the building's
security.
Financial Review
Income for the year was £1,786,909 an 8.05% increase on £1,653,777 in 2023. The total expenditure in the
vear was £1,761,111. This represents an 9.29Yo increase on the previous year of £1,611,447, this is due to an
increase in food and other operational overheads, as well as investment in staff recruitment and retention to
maintain the best level of service for the children in our care. The increase in the National Minimum Wage in
April 2024 also impacted on our expenditures.
Each year a budget is prepared to show a breakeven position to ensure St George's covers its costs. Capital
projects are either covered by specific fundraising campaigns or from reserves brought forward at the
discretion of the directors.
After review of St George's operational and running costs, the Board felt it necessary to increase the fee5 With
effect from I September 2024. Great thought was taken in keeping the increase as fair and as reasonable as
possible and across each area, but whilst enabling St George's to raise funds to cover staff costs and to carry
out future improvements and renovations to the buildings and grounds.
Reseryes
It is St George's policy to hold around £170,000 of free unrestricted reserves representing six weeks,
expenditure. Reserves are held to maintain required working capital and to ensure funds are available in the
event of unbudgeted expenditure. It is St George's policy to maintain a balanced budget each year.
10

STGEORGE'SCOMMUNITY CHILDREN'S PROJEcf UMITED
DIREcfoRS' REPORT (continuedl
FOR THE YEAR ENDED 31 AUGUST 2024
The balance on total unrestricted funds at the year-end was £1,188,476 {2023: £1,162,028). Of this amount
free unrestricted reseNes (being unrestricted reserves excluding funds only available on sale of fixed assets)
at 31 August 2024 totalled £374,634 (2023: £419,438).
St George's had designated fund5 of £116,967 {2023: £121,367) represented by fixed assets. This comprises
the building fund which represents a grant from the National Lottery that was used to purchase the freehold
land and building. The fund is reduced each year in equal amounts and transferred to the general fund in line
with the rate of depreciation charged on the freehold building.
The level of restricted funds at the year-end which are not available forthe general purposes of the charity are
£18,319 {2023.' £18,969}. This represents specificgrants and donationstowards the Additional Support £1,217,
Enjoy Benefits £508, equipment of £3,028 and also fund5 for assisted places of £13,566.
Plans for future perlods
The Board and Business Manager have plans to develop further St George's presence in the community by
liaising more directly wlth local companies and businesses with a view to seeking corporate sponsorship and
presence and also raise the proflle of St George's, so the community knows what the Charity does.
There are also ongoing plans for improvements to the buildings and ground5 of St George's with the view to
keep the setting in the best condition possible for years to come:
Lobby door repairs
Repair and replacement of part of the fence
Redecorating of various rooms
New floor in the basement
Board room refurbishment
Solar Panels
Other sustainable investments
Statement of Trustees, Responsibilltles
The trustees are responsible for preparing the financial Statements in accordance with applicable law and
United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the
trustees have elected to prepare the financial statements in accordance with the United Kingdom
Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable lawl. Under
company law the trustees must not approve the financial statements unless they are satisfied that they give a
true and fairview of the state of affairs of the charitable company and of the surplus or deficit of the charitable
company for that period. In preparing those financial statements, the trustees are required to:
li

STGEORGE'S COMMUNITYCHILDREN'S PROJEcf LIMITED
DIREcfoRS' REPORT {contlnued)
FOR THE YEAR ENDED 31 AUGUST 2024
select suitable accounting policies and then apply them consistently.
obserde the methods and principles in the Charities SORP.
make judgement5 and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any materlal
departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charitable company will continue in busine5S.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable company's transactions 2nd disclose with reasonable accuracy at any time the financial position
of the charitable company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ststement of dlsclosure to audltors
Each of the persons who are Trustees at the time when this Trustees, annual report is approved has confirmed
that:
so far as that Trustee is aware, there is no relevant audit information of which the charitable company's
auditors are unaware, and
thatTrustee has taken all the steps that ought to have been tsken as a Trustee in order to be aware of any
relevant audit information and to establish that the charitable company's auditors are aware of that
information.
Small Company Exemptions
This report has been prepared in accordance with the provisions applicable to companies subject to the small
companies regime in Part 15 of the Companies Act 2006.
8y Order of the Board
Adrian Crouch
Chair
12

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S COMMUNITY CHILDREN'S PROJEcr
LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024
Opinion
We have audited the financial statements of StGeorge's Community Children's Project Limited Ithe'charitable
compan￿) for the year ended 31 August 2024 which comprise the statement of financial activities, balance
sheet, statement of cash flows and notes to the financial statements, including a summary of significant
accounting policie5. The f inancial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Thonclal
Reportlng Standard applicable in the UK ond RepubHc of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial 5tatements'.
give a true and fair view of the state of the charitable companls affair5 as at 31 August 2024 and of its
incoming resources and application of resources for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnion
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKI) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the
audit of the financial statements section of our report. We are independent of the charitable company in
accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRCS Ethical Standard, and we have fulfilled our other ethical responsibilitles in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to Eolng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue a5 3
going concern for a period of at least twelve months from when the financial statements are authori5ed for
155ue.
Our responsibilities and the responsibilitie5 of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Information
The other information Comprises the information included in the annual report, other than the financial
Statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
13

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S COMMUNITY CHILDREN'S PROJEcr
LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there Is a material misstatement of
this other information, we are required to report that fact.
We have nothing to report in this regard.
Oplnlons on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements; and
the directors, report included within the trustees, report has been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charltable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the directors, report included within
the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companie5 Act 2006
requires us to report to you if, in our opinion:
adequate accounting record5 have not been kept, or returns adequate for our audit have not been
received from branches not visited by us; or
the financial statement5 are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanation5 we require for our audit; or
the trustee were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantsge of the small companies, exemptions in preparing the directors,
report and from the requirement to prepare a strategic report.
Responslbllltles of Trustees
As explained more fully in the trustees, responsibilities statement set out on page 11, the trustees (who are
also the directors of the charitable company for the purposes of company law} are responsible for the
preparation of the financial statements and for being Satisfied that they give a true and fair view, and for such
internal control as the trustee5 determine is necessary to enable the preparation of financial statements that
are free from material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable ¢ompan¢s
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to
cease operation5, or have no realistic alternative but to do so.
14

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S COMMUNITY CHILDREN'S PROJEcr
UMITED
FOR THE YEAR ENDED 31 AUGUST 2024
Audltorfs responslbllities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in
accordance with ISAS (UK} will always detect a material mlsstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We deslgn
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularlties, including fraud. The extent to which our procedures are capable of detecting irregularltles,
including fraud, is detailed below.
We obtained an understanding of the legal and regulatory framework applicable to the preparation of the
financial statements of the charity, and the procedures that management adopt to ensure compliance. We
have considered the extent to which non-complian￿ might have a material effect on the financial statements,
and in particular we identified: the Companies Act 2006, Financial Reporting Standard 102, the Charities Act
2011, and the Charities SORP.
We have also identified other laws and regulations that do not have a dirert effect on the amounts or
disclosures within the financial statements, but for which compliance is fundamental to the charitvs
operations and to avoid material penalties, including the General Data Protection Regulation, regulation by
OFSTED, employment law, health and safety, food hygiene, and the Children and Social Work Act 2017 and
regulations relating to the safeguarding of children.
Having reviewed the laws and regulations applicable to the charity, we designed and performed audit
procedures to obtain sufficient appropriate audit evidence. Specifically, we:
Selected a team with sector experience to perform the audit;
Obtained an understanding of the charity's procedures for ensuring compliance with laws and
regulation5'
Obtained and reviewed internal policy and procedure documents:
Made enquiries of management and the trustees regarding whether they were aware of any actual or
suspected incidences of non-compliance with laws and regulations;
Obtained and reviewed meeting minutes;
Obtained and reviewed correspondence with the regulator and OFSTED reports;
Reviewed legal expenses accounts for indications of any possible non-compliance; and
Reviewed the completeness and accuracy of any disclosures made in the financial statements.
We assessed the susceptibility of the chariws financial statements to material misstatement, including
considering how fraud might occur. This was performed bv:
Making an assessment of the charit￿5 control environment, Systems and controls including identifying
any weaknesses and considering the risk of management override of controls;
Considering whether there are any incentives or opportunities for management to manipulate
financial results;
15

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S COMMUNITY CHILDREN'S PROJEcr
LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024
Obtaining and evaluating the trustees, assessment of the risk of fraud, and enquiring as to whether
they are aware of any actual or suspected incidences of fraud.
Reviewing the accounting policies and accounting estimates for signs of mariagement bias; and
Identifying key risks relating to irregularities as relating to revenue recognition including the risk of
fraud, the ringfencing and proper application of restricted funds, management override of controls
and the allocation of income and costs by activity.
We then designed audit procedures in response to the risks identified, including e.g. performing substantive
testlng on all materlal income streams, reviewing restricted income for completene55, reviewing journal
entries and accounting estimates, and carrying out substantive analytical procedure5 on income and
expenditure by activity and seeking explanations for variances.
The audit has been planned and performed in in accordance with auditing 5tandard5, however, because of the
inherent limitations of audit procedures there remains a risk that we will not detect all irregularities, including
those that may lead to material mi55tatements in the financial statements. There are inherent difficulties in
detecting irregularities, and irregularities that result from fraud may be more difficult to detect than
irregularities that result from error, for example due to concealment, override of controls, collusion or
misrepresentations. In addition, the further removed non-compliance with laws and regulations is from the
events and transactions reflected in the financial statements, the less audit procedures are able to identify it.
A further description of our responsibilities is available on the Financial Reporting Council's website at:
htt
www.frc.or
auditorsres
onsibllities. This description forms part of our auditorfs report.
Use of our report
This report is made solely to the charitable compan￿5 members, as a body, in accordance with Chapter 3 of
part 16 of the Companies Att 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charitable company and, the charitable companvs members a5 a bodyi for our audit work, for
this report, or for the opinions we have formed.
Amy
aley FCA cfA DChA (Senlor Statutory Auditor)
for and on behalf of Lindeyer Francis Ferguson Limited
Chartered Accountants
Statutory Auditor
North House
198 High Street
Tonbridge
Kent TN9 IBE
16

ST GEORGE'S COMMUNITY CHILDREN'S PROJECT LIMITED
STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST2024
Unrestricted
Funds
2024
Re5trlrted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Notes
Income from:
Donations and legacies
Charitable activities
Other trading actlvitles
Investments
11,209
1,716,240
22,283
10,365
26,812
38,021
1,716,240
22,283
10,365
51,348
1.572,789
26,094
3,546
Total income
1,760,097
26,812
1,786,909
1,653,777
Expenditure on:
Raising funds
Charitable activities
19,783
1.718,139
19,783
1,741,328
32,616
1,578,831
23,189
Total expenditure
1.737,922
23,189
1,761,111
1,611,447
Net income
io
22,175
3.623
25,798
42,330
Transfers between funds
4,273
{ 4,273)
Net movement in funds
26,448
(6501
25,798
42,330
Reconciliation of funds..
Total funds brought forward
1,162,028
18,969
1,180,997
1,138,667
Total funds carrled forward
15 1.188,476
18,319
1,206,795
1,180,997
17

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
BALANCE SHEEr
ASA T31 AUGUST2024
2024
2024
2023
2023
Notes
As restated As restated
Fixed assets
Tangible assets
Investment in subsidiary
12
li
813,841
742,590
813,842
742,590
Current assets
Debtors
Short term cash deposits
Cash at bank and in hand
13
148,687
409,618
95,204
105,334
321,707
234,905
653,509
661,946
Creditors: amounts falling due within one
year
14
(260,556)
1223,539)
Net current assets
392,953
438,407
Total net assets
1,206,795
1,180,997
Funds
Unrestrirted funds
Restricted funds
1,188,476
18,319
1,162,028
18,969
Total funds
15
1,206,795
1,180,997
These financial statements have been prepared in accordance with the special provision5 of Part 15 of the
Companies Act 2006 relating to small companies.
91,,1
The financial statements were approved by the Board of Trustees on............and were signed on its behalf
by:
Adrian Crouch
Chair
Company number: 2412455
18

ST GEORGE'S COMMUNITY CHILDREN'5 PROJEcf LIMITED
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 AUGUST2024
2024
2023
Notes
As restated
Cash flows from operating activities:
Net cash provided by operating activities
62,573
71,169
Cash flows from Investing activities:
Purchase of tangible assets
Acquisition of investment in subsidiary
1114,362)
{ i)
185,925)
Net cash used in investing activities
1114,363)
185,9251
Change in cash and cash equivalents for the year
{ 51,7901
114,7561
Cash and cash equivalents at the beginning of the year
556,612
571,368
Cash and cash equlvalents at the end of the year
504,822
556,612
Represented by..
Short term cash deposits
Cash at bank and in hand
409,618
95,204
321,707
234,905
504,822
556,612
A Reconclllatlon of net income to net cash flow from operatlng
activltles
Net income
Depreciation
Increase in debtors
Increase in creditors
25,798
43,111
(43,3531
37.017
42,330
31,357
157,6631
55,145
Net cash provided by operating artlvltles
62,573
71,169
19

5T GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
STATUS
St George's Community Children's Project Limited is a charitable company incorporated in England
and Wales. It is limited by guarantee and has no share capital. In the event of a winding up, each
member and those that have ceased being a member within the previous twelve months, are limited
to a liability of £1. The address of the registered office is 7 Chilston Road, Tunbridge Wells, Kent, TN4
9LP.
ACCOUNTING POLICIES
The principal accounting policies adopted. judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows-
2.1 Basis of preparation
The financial statements have been prepared under the historical cost convention in accordance
with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in
the UK and Republic of Ireland {FRS 102)" (Effectlve l January 20191- (Charities SORP IFRS 1021), the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the
ComDanies Act 2006.
St George's Community Children's Project Limited meets the definition of a public benefit entity
under FRS 102 as it aims to provide a high standard of childcare for the local community.
There are no material uncertainties about the charity's ability to continue, and so the going concern
basis of accounting has been adopted.
The financial statements are prepared in pounds sterling, which is the functional currency of the
charity, and rounded to the nearest £1.
Group accounts
The charity has a wholly-owned subsidiary undertaking. St Georges Childcare Limited. The subsidiary
is dormant and so consolidated financial statements have not been prepared on the grounds of
immateriality.
Z.2 Incomlng resources
All incoming resources are included on the Statement of Financial Activities when the charity is
legally entitled to the income, the receipt is probable and the amount can be quantified with
reasonable accuracy. For donation5 thi5 IS Usually on receipt. For grant5 this is usually when a formal
offer is made in writing, unless the grant contains terms and conditions outside of the charity's
control, which must be met before the charity is entitled to the funds.
Incoming resources from charltable activities have been analysed by the three activitie5 undertaken
by the charity, namely Nursery, After School Club / Holiday Club, and Little Dragons. The income is
recognised to the extent that the charity has provided contracted 5ervice5.
20

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIE5 (contlnued)
2.2 Incomlng resources continued
Fees received in advance or income to which the charitable company is not yet entltled is accounted
for as deferred income.
Fundraising income 15 recognised when the event takes place. Rental income is recognised in the
period to which it relates.
The charltable company is not registered for VAT,
2.3 Resources expended
Liabilities, and related expenditure, are recognised when a present legal or constructive obligation
exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic
benefits will be requlred to settle the obligation, and the amount can be measured or estimated
reliably,
Expenditure 15 accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category and includes irrecoverable VAT.
Direct costs have been charged to the activity to which they relate. Support costs and direct Costs not
relating to one activity in particular have been allocated to the three activities undertaken by the
harity on the basis of the direct staff costs attributable to each activity. Governance costs include
those costs directly associated with the general running of the charity, as opposed to the direct
management functions inherent in generating funds and service delivery and are included in support
costs.
2A Taxation
The charitable company is exempt from corporation tax on its charitable activities.
2.5 Fund accounting
General funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Designated funds are unrestricted funds which the trustees have designated to be used for a
particular purpose.
Restricted funds can only be used for the particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when fund5 are raised for particular
restricted purposes.
21

STGEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
ACCOUNTING POLICIES (Continued)
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised above £1,000 and are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost less estimated realisable value of
each asset over its expected useful life, as follows:
Buildings main fabric & structure
Roofs
Windows and external doors
Bathrooms
Heating systems
Kitchens
Fixtures, fittings and
Den
Playground
Over 50 years
Over 40 years
Over 10 year5
Over 10 years
Over 20 years
Over 20 years
Over 4 years
Over 10 years
Over 10 years
A review for impaimient of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts are recognised as impaiments. Impairment
1055es are recognised in the Statement of Financial Activities.
2.7 Financial instruments
The charity's basic financial instruments are initially recognised at transaction value and
subsequently measured at amortised c05t.
2.8 Cash and bank balances
Cash on instant access and cash held on deposit with an initial maturity of approximately three
months or less is included as Cash and cash equivalents in the Statement of Cash Flows.
Cash held on deposlt for investment purposes rather than to meet day-to-day cashflow needs is
shown separately in the Statement of Financial Position as Short term cash deposits.
2.9 Pension scheme
The charity operates a defined contribution pension scheme for its employees. The assets of the
scheme are held Separately from those of the charity in an independently administered fund. The
pension cost represents contributions payable by the charity to the fund. The pension expense is
recognlsed across artivities on the same basls as all other expenditure.
2.10 Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the
lease term.
22

STGEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES (continued)
2.11 Prior year restatements
In the prior year, an amount of £321,707 was included in Cash at bank and in hand. This ha5 been
reclassified to Short term cash deposits as the funds are held for investment purposes rather than to
meet short-term cash commitments as they fall due. There wa5 no impact on the prior period net
assets nor opening reserves at I September 2023,
In the prior year the charity was notified of a KCC remittance of £38,126 before the year end which
had not been included in the accounts. The comparative figures have therefore been adjusted to
increase trade debtors and deferred income by £38,126. There is no impact on opening reserves at I
September 2023.
During the year the charity reviewed the allocation of staff to charitable activities. This review
identified some errors in the prior period allocations. The prior period financial statements have
therefore been reclassified for comparability. The Impact on the comparative figures is to reduce
Nursery direct staff costs by £42,310, increase Afterschool and Holiday Club direct staff costs by
£12,683 and increase Little Dragons direct staff costs by £29,627. There 15 no impact on opening
reserves at I September 2023. As part of this adjustment the comparative staff numbers in note 9
have also been restated.
DONATIONS
2024
2023
Grants and donations
Legacies
38,021
43,553
7,795
38,021
51,348
In the prior yearthe charity received £34,000 in restricted grants and donations.
23

ST GEORGE'S COMMUNITY CHILDREN'5 PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
INCOME FROM CHARITABLE AcfiviTIES - 2024
Afvrschool
& Holidoy
Nursery
Dragons
Total
Fees receivable
1,446,942
141,640
127,658
1,716,240
INCOME FROM CHARITABLE AcfiviTIES - 2023
Afterschool
& Holid
NU￿ery
Draqons
Total
Fees receivable
1,329.357
123,682
119,750
1,572,789
OTHER TRADING AcfiviTIES
2024
2023
Fundraising activities
Other
17,597
4,686
26,094
22,283
26,094
COST5 OF RAISING FUNDS
2024
2023
Fundraising costs
Staff costs (Note 91
4,714
15,069
11,916
20,700
19,783
32,616
24

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGU5T2024
COSTS OF CHARITABLE ACTIVITIES- 2024
Afvr school
& Holldoy
Clubs
NU￿ery
Dragons
Total
Direct costs:
Staff costs (Note 91
Other dirert costs
1,045,740
140,752
59,816
16,531
74,667
11,193
1,180,223
168,476
1,186,492
76,347
85,860
1,348,699
Allocated support costs (Note 81
349,540
18,131
24,958
392,629
Total costs
1,536,032
94,478
110,818
1,741,328
COSTS OF CHARITABLE AcfiviTIES - 2023
After school
& Holiday
aubs
uttk
Drtwons
Nursery
Totol
Direct C05t5:
Stsff costs (Note 91
Other direct costs
896,585
109,442
49,553
27,721
97,738
16,349
1,043.876
153,512
1.006,027
77,274
114,087
1.197,388
Allocated support COSt5 (Note 8}
339,582
17,614
24,247
381,443
Total costs
1,345,609
94,888
138,334
1,578,831
In the prior year, the charity spent £19,081 from restricted funds in relation to its charltable
activities.
25

ST GEORGE'5 COMMUNITY CHILDREN'S PROJEcf LIMITED
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGusf2024
SUPPORT COSTS
2024
2023
Staff costs {Note 9)
Administrative expenses
Premises costs
Accountancy and payroll fees
Depreciation
Governance costs
Audit fees
Legal and professional fees
186.222
14,716
119,799
5,205
43,111
160,857
19,000
149,268
5,559
31,357
15.560
8,016
8,840
6.562
392,629
381,443
STAFF COSTS
The average number of employees during the year on a headcount basis was:
2024
2023
Nursery
Afterschool Club and Hollday Club
Little Dragons
Administration
59
55
77
74
Staff costs comprise:
2024
2023
Gross salaries
Employer's National Insurance
Pension cost5
Staff recruitment
Freelance and temporary staff
1,265,670
77,533
28,948
5.371
3,992
1,120,730
57,857
26,359
11,344
9,143
1,381,514
1,225,433
There are no employees with emoluments above £60,000 {2023: none).
26

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
STAFF COSTS contlnued
One trustee, Pauline Parker, was remunerated £6,993 for her role as Nursery Staff durlng the year
(2023- £8,212), which includes pensions contributions of £65 (2023: £2391. This is allowed under
provision 4a of the governing document.
There were no other trustee's remuneration or other benefits in the current or prior period. No
trustees (2023: none) were reimbursed during the year for expenses.
10 NET INCOME
2024
2023
Net income is stated after charging:
Audit fees
Depreciation
Operating lease payments
15,560
43,111
8,403
8,840
31,357
10,738
11 INVESTMENT IN 5UB51DIARY
The charity owns 100% of the ordinary Share capital of £1 of St George's ChildCa￿ Limited a
company incorporated in England and Wales (No 1545928) with the same reglstered office as the
charlty. The purpose of the company is to retain the charity's trading name and there is no artivity in
the company.
27

ST GEORGE'S COMMUNITY CHILDREN'S PROJECT LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
12 TANGIBLE FIXED ASSErs
Land ond Flxtures &
buildings
Equlpment
Totol
Cost
At I September 2023
Addition5
Disposals
825,912
112,992
(10,800)
108,207
1,370
934.119
114,362
110,8001
At 31 August 2024
928,104
109,577
1,037,681
Depreciation
At I September 2023
Charge for the year
Eliminated on disposal
108,495
32,251
110.8001
83.034
10,860
191,529
43,111
110,8001
At 31 August 2024
129.946
93,894
223,840
Net book value
At 31 August 2024
798,158
15,683
813,841
At 31 August 2023
717 417
25,173
742,590
Included in land and buildings above is the cost of freehold land of £189,626 (2023., £189,626) which
is not depreciated.
13 DEBTORS
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
115,277
31,410
2,000
80,108
25,226
148,687
105,334
Trade debtors includes fees receivable from KCC of £81.260 which have also been shown in deferred
income, as per note 1412023: £38,126).
28

ST GEORGE'S COMMUNITY CHILDREN'S PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
14 CREDITORS: AMouNfs FAWNG DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Taxes and social security costs
Other creditors
Accruals and deferred incorne
33,774
19,019
31,921
175,842
43,054
18,271
47,889
114,325
260,556
223,539
Deferred In¢ome
Income deferred from the prevlous year
Released to the statement of financial activities
Arn"ng during the currentyear..
Private fees in advance
KCC fees in advance
38,880
{ 38,880)
10.565
{ 10,5651
7,316
81,260
754
38,126
88,576
38,880
15 MOVEMENTON FUNDS
At I Sept
2023
Incomlng
Resour
At 31 Aug
2024
Current year
Trnnsftrs
Unrestrlcted funds
General fund
1,040,661
1,760,097
(1,733,522)
4,273
1.071,509
Deslgnated funds
Building fund
121.367
(4,4001
116,967
1,162,028
1,760,097 (1,737,922)
4,273
1,188,476
Restricted funds
Assisted places fund
Garden fund
Equipment fund
Additional support
Enjoy benefits
13,941
2,000
3,028
11,000
2,500
(11,375)
1227)
13,566
{4,2731
3,028
1,217
508
9,312
4,000
18,0951
13,4921
18,969
26,812
123,189)
14,273)
18,319
Total funds
1,180,997
1,786,909 (1,761,111)
1,206,795
29

ST GEORGE'S COMMUNITY CHILDREN'S PROJEcf LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
15 MOvEmE￿r ON FUNDS continued
At I Sept
2022
Incomlng Resources
At31 Aug
2023
Prior yeor
Trunsfvr
Unrestricted funds
General fund
1,008,850
1,619,777
{ 1,587.966)
1,040,661
Designated funds
Building fund
125,767
{ 4,4001
121,367
1,134,617
1,619,777 (1,592,366)
1,162,028
Restricted funds
Assisted places fund
Garden Fund
Equipment fund
314
29,000
5,000
15,3731
{ 3,0001
(7081
13,941
2,000
3,028
3,736
4,050
34,000
{ 19,0811
18,969
Totsl funds
1,138,667
1,653,777 { 1,611,447)
1,180,997
Building fund
The building fund represents a lottery grant which wa5 Set aside by the tru5tee5 and utili5ed to
purchase the freehold premises. Part of the depreciation charge is charged to the building fund each
year.
Assisted places fund
The asslsted places funds represents grants and donations received that were either restricted to, or
have been allocated to, the provision of subsidi5ed places.
Equipment fund
This fund represents specific grants and donations received for the purchase of equipment andlor
tOVS.
Garden fund
This fund represents grants and donations received to make improvements to the playground. It has
been used towards resurfacing the concrete, adding a sensory trail and sail shades, removing existing
wooden po115 to open up the space, and installing a new climbing frame.
30

ST GEORGE'S COMMUNttY CHILDREN'5 PROJEcf LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
15 MOVEMENT ON FUNDS continued
Addltlonal support fund
Senif and DAF funding is awarded by Kent County Council to support Children with a significant need.
DAF is awarded when a disability living allowance is in place, giving the setting a one off payment per
year, SENIF is awarded as per the childs funded hours to support the child in the settin& primarily for
specific toys and equipment or addltlonal staffing.
Enjoy benefits
Enjoy Benefits is awarded to the setting from the Parents Company per year. The parents decide
how this is spent to support the settin& which may include toys and equipment, extra curricular
activities or staff rewards.
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restrfrted
fvnd5
fvnds Trtalfvnds
2024
2024
2024
Current year
Tangible fixed a55ets
Net current a55et5
813,841
374,634
813,841
392,953
18,319
1,188,475
18,319
1,206,794
Unrestrlcted Restricted
fvnds
fvnds Totalfvnds
2023
2023
2023
Prior year
Tangible fixed assets
Net current assets
742,590
419,438
742,590
438,407
18,969
1,162,028
18,969
1,180,997
31

ST GEORGE'S CQMMUNrrY CHILDREN'5 PRQJEcf LIMtrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGusf2024
17 OPERATING LEASE COMMITMEKrs
At 31 August 2024, the charltable company is committed to future minimum lease payments under
non-cancellable operating leases as follows:
2024
2023
Due not later than one year
Due laterthan one year but not laterthan five years
5,403
10,716
8,973
14,709
16,119
23,682
18 RELATED PARTY TRANSACTIONS
The charity's key management personnel for the year ended 31 August 2024 are considered to be
the Trustees (Including one Trustee who is employed as a Childcare Manager), the Finance Manager
and the Business Manager. Total emoluments, including employer's pension contributions and
employer's NIC, paid in respect of key management personnel were £102,60612023: £87,241).
There are no further related party transaction5 to disclose (2023: None).
32