GROW LEARN PLAY PROJECT CIC

Company limited by guarantee

Company Registration Number:
13126598 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

GROW LEARN PLAY PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GROW LEARN PLAY PROJECT CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The company's principal activity continues to be that of provision of childcare service and education



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Jemma Kerby
Jennie Clarke
Theresa Baker


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 April 2025

And signed on behalf of the board by:
Name: Jemma Kerby
Status: Director

GROW LEARN PLAY PROJECT CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 757,826 622,561
Cost of sales: ( 12,729 ) ( 7,872 )
Gross profit(or loss): 745,097 614,689
Administrative expenses: ( 743,776 ) ( 623,901 )
Other operating income: 229
Operating profit(or loss): 1,321 (8,983)
Interest receivable and similar income: 1,391 520
Profit(or loss) before tax: 2,712 (8,463)
Tax: 3 ( 3 )
Profit(or loss) for the financial year: 2,715 (8,466)

GROW LEARN PLAY PROJECT CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 47,949 43,893
Total fixed assets: 47,949 43,893
Current assets
Debtors: 4 14,185 11,869
Cash at bank and in hand: 118,462 108,743
Total current assets: 132,647 120,612
Creditors: amounts falling due within one year: 5 ( 75,619 ) ( 52,559 )
Net current assets (liabilities): 57,028 68,053
Total assets less current liabilities: 104,977 111,946
Creditors: amounts falling due after more than one year: 6 ( 63,485 ) ( 73,169 )
Total net assets (liabilities): 41,492 38,777
Members' funds
Profit and loss account: 41,492 38,777
Total members' funds: 41,492 38,777

The notes form part of these financial statements

GROW LEARN PLAY PROJECT CIC

Balance sheet statements

For the year ending 31 August 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.

This report was approved by the board of directors on 4 April 2025
and signed on behalf of the board by:

Name: Jemma Kerby
Status: Director

The notes form part of these financial statements

GROW LEARN PLAY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Leasehold 10% Straight Line Plant & Machinery 10% Straight Line Fixtures & Fittings 15% Straight Line Computer Equipment 20% Straight Line

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in

GROW LEARN PLAY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 28 26

GROW LEARN PLAY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 37,867 15,839 1,374 55,080
Additions 1,161 8,286 1,138 10,585
Disposals
Revaluations
Transfers
At 31 August 2024 39,028 24,125 2,512 65,665
Depreciation
At 1 September 2023 6,824 4,184 179 11,187
Charge for year 3,787 2,376 366 6,529
On disposals
Other adjustments
At 31 August 2024 10,611 6,560 545 17,716
Net book value
At 31 August 2024 28,417 17,565 1,967 47,949
At 31 August 2023 31,043 11,655 1,195 43,893

GROW LEARN PLAY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 6,274 5,648
Prepayments and accrued income 7,046 5,227
Other debtors 865 994
Total 14,185 11,869

GROW LEARN PLAY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 6,519 5,672
Taxation and social security 7,858 10,449
Accruals and deferred income 52,864 31,952
Other creditors 8,378 4,486
Total 75,619 52,559

GROW LEARN PLAY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Other creditors 63,485 73,169
Total 63,485 73,169

COMMUNITY INTEREST ANNUAL REPORT

GROW LEARN PLAY PROJECT CIC

Company Number: 13126598 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The Directors present their report with the financial statement of the CIC for the year ending 31st August 2024. Grow Learn Play Project CIC (GLPP) is a children’s nursery and community play provider based in Banbury. GLPP enables care and education for all children, including those with special needs or disability to access play, teaching and learning by trained practitioners. To assist in the provision of activities and facilities for education and in the interests of play and social welfare, for the benefit of the residents of Grimsbury and surrounding area of Banbury. We have continued to grow as a project and in order to meet the growing demand for nursery places due to the increased offer of government funding, we have decided to open a new room in September 2024. There has been planning and marketing of that during the course of the year so the room can accept our pre-school class in September. This has in turn created more capacity in our 2 year old spaces where the funded applications are currently coming from. In line with our community aims, we continue to ensure places can be fully funded with no top up charges or session restrictions. We have continued to keep our chargeable rates as low as possible so that any additional hours to be paid by the parent are as cost effective as possible. We have continued the program of refurbishment and looking to maximise the use of every area available to us. We are in negotiation to increase our space and make an application for a Capital Grant to create more floor space. We are excited by the developments to come and how we can increase our community presence and offering. We continue to strive to achieve and maintain a community presence. Our Early Years work has always been underpinned by a strong Community development ethos focusing on helping and supporting people within the community. GLPP has a community identity, by identifying, articulating, and meeting the needs that affect people in the communities’ everyday lives. Our initiatives such as our family support team and the expansion of our community groups which are very well attended has meant that we have reached a wide section of the community to offer support, advice and a social outlet for new parents with their children. The sessions have included Family Forest School, Baby groups, Stay and play and Messy Play amongst others. We work closely with partner organisations especially the board for ‘Grimsbury Networking’. This allows us to be part of community plans and to understand what the focus for the area is and where we could help. We also partner with our neighbours at The Ridings Care Home to arrange visits which not only benefits our children but is a delight to the residents.. The Directors.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £123,751. There was an arrangement for compensation for director’s loss of office of £10,000, which is required 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
15 May 2025

And signed on behalf of the board by:
Name: Jennie Clarke
Status: Director