BOOMERANG KIDS
Financial health, per its FY2024 accounts
The accounts state that the charity reported a total deficit of £13,502 for the year ended 31 August 2024, driven by a deficit in unrestricted funds and a larger deficit in restricted funds. Per the trustees' report, the charity holds free reserves of £356,980, which is above its stated policy target of approximately £150,000, representing three months of running costs. The trustees confirm the charity is a going concern, though they note financial pressures from low government funding rates and rising staff costs.
What the accounts disclose
“The trustees wish to hold reserves of at least three months running costs, which equates to approximately £150,000.” — page 5
“Mrs H Hicks, a trustee, was paid £50,480 in salary (2023: £49,980), and £5,121 in pension contributions (2023: £5,121) during the year in her capacity as Nursery Manager, as authorised by the trustees and the Charity Commission.” — page 15
“Mrs H Hicks, a trustee, was paid £50,480 in salary (2023: £49,980), and £5,121 in pension contributions (2023: £5,121) during the year in her capacity as Nursery Manager, as authorised by the trustees and the Charity Commission. In 2023, a further £4,500 was paid to Mrs H Hicks, but this related to work done on behalf of the Department of Education. None of the other trustees (or any persons connected with them) received any remuneration or benefits from the companycharity during the year.” — page 15
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- COLETTE SAMARRO
- HELEN HICKS
- Parisa Rafizadeh-Farahani
- RICHARD JOHN ROGERS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.1m | £947k |
| 31/08/2024 | £854k | £867k |
| 31/08/2023 | £869k | £830k |
| 31/08/2022 | £813k | £803k |
| 31/08/2021 | £781k | £787k |
Common questions
Is BOOMERANG KIDS financially healthy?
The accounts state that the charity reported a total deficit of £13,502 for the year ended 31 August 2024, driven by a deficit in unrestricted funds and a larger deficit in restricted funds. Per the trustees' report, the charity holds free reserves of £356,980, which is above its stated policy target of approximately £150,000, representing three months of running costs. The trustees confirm the charity is a going concern, though they note financial pressures from low government funding rates and rising staff costs. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 21/11/2006 | £10k | "This Childcare Organisation Will Develop An Unused Plot Of Land Into A Wildlife Garden." |
| The National Lottery Heritage Fund | 25/09/2003 | £354k | "Boomerang Kids Club" |