KYREBROOK DAYCARE CENTRE CIC

Company limited by guarantee

Company Registration Number:
09233897 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

KYREBROOK DAYCARE CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

KYREBROOK DAYCARE CENTRE CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 8,222 7,834
Total fixed assets: 8,222 7,834
Current assets
Debtors: 4 4,600 3,183
Cash at bank and in hand: 41,220 2,223
Total current assets: 45,820 5,406
Creditors: amounts falling due within one year: 5 ( 8,679 ) ( 7,957 )
Net current assets (liabilities): 37,141 (2,551)
Total assets less current liabilities: 45,363 5,283
Creditors: amounts falling due after more than one year: 6 ( 27,234 ) 0
Provision for liabilities: ( 1,562 ) ( 1,488 )
Total net assets (liabilities): 16,567 3,795
Members' funds
Profit and loss account: 16,567 3,795
Total members' funds: 16,567 3,795

The notes form part of these financial statements

KYREBROOK DAYCARE CENTRE CIC

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 June 2025
and signed on behalf of the board by:

Name: Maria Baxter
Status: Director

The notes form part of these financial statements

KYREBROOK DAYCARE CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis: Short-term leasehold property - 20% reducing balance Fixtures and fittings - 20% reducing balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Other accounting policies

    Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied: Interest income Interest income is recognised in profit or loss using the effective interest method. Pensions Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Current and deferred taxation The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Debtors Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditors Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Provisions for liabilities Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.

KYREBROOK DAYCARE CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5

KYREBROOK DAYCARE CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 3,990 16,734 20,724
Additions 2,444 2,444
Disposals
Revaluations
Transfers
At 30 September 2024 3,990 19,178 23,168
Depreciation
At 1 October 2023 2,348 10,542 12,890
Charge for year 329 1,727 2,056
On disposals
Other adjustments
At 30 September 2024 2,677 12,269 14,946
Net book value
At 30 September 2024 1,313 6,909 8,222
At 30 September 2023 1,642 6,192 7,834

KYREBROOK DAYCARE CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Trade debtors 4,600 3,183
Total 4,600 3,183

KYREBROOK DAYCARE CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 661 528
Accruals and deferred income 1,830 1,704
Other creditors 6,188 5,725
Total 8,679 7,957

KYREBROOK DAYCARE CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 27,234 0
Total 27,234 0

COMMUNITY INTEREST ANNUAL REPORT

KYREBROOK DAYCARE CENTRE CIC

Company Number: 09233897 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Kyrebrook Daycare Centre continued to offer support to elderly and vulnerable adults in the community and surrounding areas. The clients all live with life limiting diseases, the most common being dementia. Kyrebrook offers the opportunity for clients to remain independent in their own familiar home environment, keeping them in touch with their communities, keeping them mentally alert and physically stronger. Day care is recognised as a vital part of social care, saving an already stretched adult social care and NHS budget, by delaying the need for residential or nursing care. Our average client age during the period was 90, with the youngest client aged 78 and the eldest aged 98. We had five clients in their 90s. During the accounting period, we were still operating as a day centre for 3 days a week. In November 2023 we had the opportunity to launch our crowdfunding project backed by Malvern Hills District Council. Our project was to start a Fun, Food & Friendship club, running on the two days we were closed. The club would be open to people of any age, and aimed to help the socially isolated in the community by offering the opportunity to meet and chat and take up the opportunity to join in activities, together with a 2-course nutritious lunch, over two and a half hours on Mondays and Thursdays. To run the club for 1 year, at no cost to the participants, we projected a target of £33,726. Despite the platform we were forced by MHDC to use (Spacehive) taking over 10% in fees, by 29 April we raised a total of £35,255. The lunch club opened on 17 June 2024 and by the end of the accounting period, we had served 244 free lunches. With such active fundraising in the community, our profile was greatly raised, and we started to get more interest in our normal day care services. We also received additional donations towards the running of the day centre. At the end of the accounting period, we had increased from 11 clients to 20. Two Directors voluntarily resigned during the accounting period due to personal circumstances. It has been difficult to attract replacements and volunteers in general. Shockingly, on 30 September 2024 we received a letter from MHDC serving 6 months’ notice to quit the premises. Alternatively, they were offering a new contract to start on 1 April 2025 with a rent increase of 36%.

Consultation with stakeholders

Stakeholders include: - Directors - Staff and volunteers - Mental Health Team - GPs, District Nurses and ANP nurses - Social workers - Occupational therapists and physiotherapists - Hospitals and consultants. There are regular staff and directors meetings which are minuted and all actions followed up regularly.

Directors' remuneration

Directors’ remuneration for the accounting period totalled £35,021. The directors receive the appropriate market value remuneration in relation to their hours of work in their capacity as day care Managers and day care assistants. The day care manager puts in a significant amount of work outside operating hours for which she receives no remuneration. All fundraising activity is unpaid. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 June 2025

And signed on behalf of the board by:
Name: Maria Baxter
Status: Director