Contents of the Financial Statements

for the Period Ended 31 March 2025

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 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

  All incoming resources are included in the statement of financial activities when the CIC is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the CIC, are recognised when the CIC becomes unconditionally entitled to the grant. Donated services or facilities are recognised as income when the CIC has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the CIC of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the CIC which is the amount the CIC would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Incoming resources from CIC trading activity are accounted for when earned. Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the CIC earns the right to consideration by its performance. Debtors are included to represent amounts recognised as outstanding to the CIC at the year-end date.

  Tangible fixed assets depreciation policy

  All fixed assets are capitalised at cost, where considered appropriate to capitalise. Those purchased by specific gifts and grants are written off fully in the year of gift. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Office Equipment 25 % on cost A full year of depreciation cost is taken in the first year of acquiring the asset.

  Other accounting policies

  Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates: Costs of generating funds comprise the costs associated with attracting income and donations. CIC expenditure comprises those costs incurred by the CIC in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance & support costs include those costs associated with meeting the constitutional and statutory requirements of the CIC and include the Independent Examination fees (when applicable) and costs linked to the strategic management of the CIC. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis. Support Costs – Support costs are those functions that assist the work of the CIC but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the CIC. Unrestricted Funds Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the CIC without further specified purpose and are available as general funds. Designated funds Designated funds are unrestricted funds earmarked by the management for particular purposes. There are currently no designated funds. Restricted Funds Restricted funds are to be used for specific purposes as laid down by the donor and are subjected to restrictions of their expenditure imposed by the donor or through the terms of an appeal. There are currently no restricted funds. Reserves Policy At this stage of the CIC’s development, the directors have decided that no reserves are required but this is to be kept under review annually or reviewed at the time of taking on any paid employees. Debtors Debtors are recognised at the settlement amount owed to the CIC or prepaid. Creditors Creditors and provisions are recognised where the CIC has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. Financial Instruments The CIC has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Donated Services, Good and Facilities Donated services or facilities are recognised as income when the CIC has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the CIC of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the CIC which is the amount the CIC would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Judgement and Key Sources of Estimation Uncertainty The preparation of accounts using generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the accounts and the reported amounts of revenues and expenses during the reporting period. The key estimates and assumptions used in the Financial Statements are detailed in these notes and in the accounting policies.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	6 months to 31 March 2024
  Average number of employees during the period	0	0

  There were no employees. There was one part time self-employed contractor who was paid for 176 hours of play therapy and tutoring work and volunteered an additional 174 hours of similar work.