REGISTERED COMPANY NUMBER: 03948654 (England and Wales)

REGISTERED CHARITY NUMBER: 1085664

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CAMBERWELL AFTER SCHOOL PROJECT

Page

Reference and administrative details

1

Report of the trustees

2

to

5

Independent examiner's report

6

Statement of financial activities

7

Statement of financial position

8

to

9

Notes to the financial statements

10

to

17

TRUSTEES

Ms Angeline Verona Clarke (Chairperson)

Ms Aminat Kike Olusamokun (Treasurer) (resigned 8.10.24)

Ms Sabrina Nelson (HR Trustee) (resigned 13.2.25)

Mr Duncan James Burden (resigned 8.10.24)

Ms Zainab Temitope Shittu

Mrs Janina Davies Katarzyna (appointed 13.2.25)

Miss Cheryl Carr (appointed 27.2.25)

REGISTERED OFFICE

14 Badsworth Road

Camberwell

London

SE5 0JY

REGISTERED COMPANY NUMBER

03948654 (England and Wales)

REGISTERED CHARITY NUMBER

1085664

INDEPENDENT EXAMINER

Leroy Reid & Co

Chartered Certified

Accountants

299 Northborough Road

Norbury

London

SW16 4TR

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Camberwell After School Project (CASP) exists to advance the development and education of children, young people, and adults through:

1

Providing accessible and affordable childcare, education, and family learning services.

2

Offering training opportunities to improve employability, personal development, and well-being.

Mission Statement

CASP's mission is to deliver a holistic range of childcare services to meet the needs of parents, particularly single parents, in Southwark, London. CASP offers a safe, nurturing environment for children aged 2 to 12 years, supporting parents in work, study, or professional development while preventing them from falling into poverty.

Key Services

1

Breakfast and School Drop-off Service

Daily term-time service offering breakfast and quiet activities before accompanying children to school.

2

After School Collection and Activities

Term-time after-school care, including structured activities, play and refreshments.

3

Early Years Pre-school Nursery

Affordable and flexible nursery provision for children aged 2-4, including funded places.

4

Holiday Playschemes

Full-day childcare during school holidays, offering a programme of recreational and educational activities.

5

Special Needs Inclusion

Tailored support for children with special educational needs and disabilities, promoting inclusion and skill

development.

Public benefit

The trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit.

CASP's services promote public benefit by:

-

Supporting parents-particularly lone parents-to enter or remain in employment, education, or training.

-

Providing children with a safe, stimulating environment that supports social, emotional and academic development.

-

Offering subsidised or grant-funded childcare to alleviate financial pressures on low-income families.

-

Contributing to community wellbeing and resilience.

Volunteers and Community Engagement

CASP relies on the dedication of volunteers who provide professional expertise, support services, and trustee leadership. Their contributions ensure the charity can maintain affordability and service quality.

ACHIEVEMENTS AND PERFORMANCE

Key Achievements

-

Delivered 7 weeks of holiday playschemes, supporting 112 children including 25 supported by Southwark HAF programme to provide free holiday playscheme places for eligible children during the Easter and Summer holiday.

-

Operated 39 weeks of after-school services, supporting 34 regular children.

-

Breakfast Service, benefitting 29 children who attended regularly throughout this financial year.

-

Provided 38 weeks free early years education to 29 children through 15 - and 30-hour funding schemes.

-

Delivered a twelve-week volunteer work experience placement programme for unemployed individual.

Partnerships

CASP worked in collaboration with a range of partners including

-

Southwark Council

-

St. Olave's and St. Saviour's Schools Foundation

-

Ubele Agbero 2100 Programme

-

Max Road CIC

-

Parent Skills - Black Leaders Support Network

-

Local schools, charities and community organisations

Challenges

The year presented several significant challenges:

Reduced organisational capacity to submit funding applications.

Lower fundraising success rates.

Increase in short-term bookings due to parental financial constraints.

Nil reserve funds, placing the organisation at risk of insolvency or closure.

Declining attendance in the after-school service due to falling school rolls.

Senior staff retirements and recruitment difficulties in sourcing qualified staff.

The need to maintain service quality while sustaining financial viability.

Acknowledgements

The Trustees extend their sincere thanks to our funders, donors, volunteers, staff and partners whose support has been vital in enabling CASP to continue its work.

Special thanks to our funders:

-

National Lottery Awards for All - Special Needs Support (£19,830.00

-

Jumbo Charity Trust (£2,750)

-

St. Olave's and St. Saviour's Schools Foundation (£5,154)

-

London Community Fund - Peabody - Volunteering work placement programme (£10,000)

-

Newcomen Collett Foundation (£2,000)

-

Southwark Council Equality Grant (£6,354)

-

Southwark Food & Fun (HAF) (£9,670)

-

Southwark Wraparound Revenue Grant (£31,000)

-

Southwark Wraparound Capital Grant (£9,547)

-

Team London Bridge - Volunteering work placement Programme (£3,000)

-

Groundwork - Tesco Healthy Eating Activities Programme (£1,000)

-

All our supporters and donors who helped us to raise £9,680. through our Crowdfunding and other fundraising appeals

-

And other generous supporters

FINANCIAL REVIEW

Financial position

The results of the year's operation are set out in the attached financial statements on pages 6 and 7.

Income for the year primarily came from parental fees and grant funding. Total reserves as of 31st March 2025 stood at £35,073 (2024: Deficit £41,126). Free reserves remain at £nil, below the target of three months' operational costs (£60,000).Income for the year was generated primarily through parental fees and grant funding.

Total reserves at 31 March 2025 were £35,073. (2024 Deficit £41,126)

Free reserves remain at £NIL, which is significantly below the target of three months of operating costs (£60,000).

Reserves policy

CASP aims to maintain unrestricted reserves sufficient to cover three months of operating expenditure. This is reviewed annually to ensure an appropriate balance between sustainability and affordability. The current shortfall highlights the urgent need for increased and more sustainable funding sources.

FUTURE PLANS

-

Review the organisational structure and service model.

-

Increase the number and quality of grant applications.

-

Expand community outreach to increase service uptake.

-

Strengthen volunteer recruitment, retention and training.

-

Implement cost-saving measures to mitigate rising operational costs.

-

Work with the Southwark Wraparound Service to expand capacity and deliver services within school buildings.

-

Invest in more consistent and effective fundraising activities.

-

Explore opportunities to expand nursery provision and secure additional funding streams.

-

Upgrade fire safety systems (supported by St. Olave's and St. Saviour's).

-

Expand funded childcare placements.

-

Continue delivering holiday playschemes for both working and non-working families.

-

Diversify income sources to build a more stable financial base.

-

Secure a long-term lease for the Badsworth Road Centre.

-

Undertake service re-evaluation and organisational review.

-

Develop succession planning in anticipation of the CEO's retirement.

-

Celebrate 40 years of service to children and families in Southwark.

-

Conduct an impact assessment survey, including engagement with CASP alumni.

-

Produce an annual impact report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

CASP is registered with OFSTED and in line with the Children Act 2004.

Recruitment and appointment of new trustees

Trustees are volunteers selected for their diverse expertise and commitment to CASP's mission. Recruitment emphasises representation from parents and the local community.

Organisational structure

The day-to-day management is delegated to the Chief Executive Officer, supported by part-time staff and volunteers. The Board of Trustees oversees strategic decisions and policy implementation.

Related parties

There were no related party transactions for the year under review or the previous year.

Risk management

The Trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Regular risk assessments are conducted to address financial, operational, and compliance risks.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Camberwell After School Project for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

Approved by order of the board of trustees on 10th December 2025 and signed on its behalf by:

Ms Angeline Verona Clarke - Trustee

Independent examiner's report to the trustees of Camberwell After School Project ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ebenezer Okai (BSc);FCCA

Leroy Reid & Co

Chartered Certified

Accountants

299 Northborough Road

Norbury

London

SW16 4TR

16th December 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

9,680

-

9,680

17,397

Charitable activities

5

After school and playscheme

101,002

84,071

185,073

109,484

Early years funded placement

108,872

-

108,872

71,140

Other trading activities

3

2,466

-

2,466

1,839

Investment income

4

746

-

746

510

Other income

593

-

593

1,035

Total

223,359

84,071

307,430

201,405

EXPENDITURE ON

Charitable activities

6

Charitable activities

202,033

27,398

229,431

265,839

Other

1,800

-

1,800

2,640

Total

203,833

27,398

231,231

268,479

NET INCOME/(EXPENDITURE)

19,526

56,673

76,199

(67,074

)

RECONCILIATION OF FUNDS

Total funds brought forward

(43,724

)

2,598

(41,126

)

25,948

TOTAL FUNDS CARRIED FORWARD

(24,198

)

59,271

35,073

(41,126

)

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

12

6,298

8,398

CURRENT ASSETS

Debtors

13

-

1,219

Cash at bank and in hand

67,628

36,121

67,628

37,340

CREDITORS

Amounts falling due within one year

14

(23,499

)

(60,726

)

NET CURRENT ASSETS/(LIABILITIES)

44,129

(23,386

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,427

(14,988

)

CREDITORS

Amounts falling due after more than one year

15

(15,354

)

(26,138

)

NET ASSETS/(LIABILITIES)

35,073

(41,126

)

FUNDS

18

Unrestricted funds

(24,198

)

(43,724

)

Restricted funds

59,271

2,598

TOTAL FUNDS

35,073

(41,126

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10th December 2025 and were signed on its behalf by:

Ms Angeline Verona Clarke - Trustee

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

9,680

17,397

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Fundraising events

2,466

1,839

4.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

746

510

5.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

After

Early

school

years

and

funded

Total

Total

playscheme

placement

activities

activities

£

£

£

£

Parents Fees

84,178

-

84,178

76,860

Southwark's Early Years Free Education Grant

-

108,872

108,872

71,140

St Olave's & St Saviour School Foundation

5,154

-

5,154

3,000

Newcomen Collett Foundation

2,000

-

2,000

1,000

Southwark Council Community Project

41,137

-

41,137

-

Team London Bridge

3,000

-

3,000

-

Peabody Community Fund

10,000

-

10,000

-

Senco Grants

19,830

-

19,830

-

Southwark Food & Fun

9,670

-

9,670

5,940

Charterhouse

-

-

-

7,000

Southwark Council Community Project - Windrush

-

-

-

1,400

Southwark Council Equality Grant

6,354

-

6,354

11,534

Jumbo Charitable Trust

2,750

-

2,750

2,750

Tesco Ground work UK

1,000

-

1,000

-

185,073

108,872

293,945

180,624

6.	CHARITABLE ACTIVITIES COSTS

Direct

Costs (see

note 7)

£

Charitable activities

229,431

7.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2025

2024

£

£

Staff costs

181,103

227,038

Telephone

3,254

3,150

Postage and stationery

443

317

Advertising

685

437

Catering utensils

379

204

Children activities

419

2,480

Children entertainment

1,862

44

Cleaning cost

1,138

1,255

Education materials

1,877

1,953

Outing and entrance fees

204

1,092

Refreshments

4,836

4,764

Travel cost

3,594

1,887

Volunteer cost

287

483

Professional fees

4,746

2,734

Computer and IT cost

2,590

3,419

Due and Subscription

1,556

1,231

Bank charges

98

101

Agency staff

240

324

Training

1,312

1,212

Premises & Office costs

16,708

10,048

Depreciation

2,100

1,666

229,431

265,839

8.	SUPPORT COSTS

Managemen

£

Other resources expended

1,800

9.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

2,100

2,516

10.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

11.	STAFF COSTS

2025

2024

£

£

Wages and salaries

166,125

209,596

Social security costs

9,996

12,158

Other pension costs

4,982

5,284

181,103

227,038

The average monthly number of employees during the year was as follows:

2025

2024

Admin and Childcare

9

8

No employees received emoluments in excess of £60,000.

12.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st April 2024 and 31st March 2025

36,492

57,047

93,539

DEPRECIATION

At 1st April 2024

34,992

50,149

85,141

Charge for year

375

1,725

2,100

At 31st March 2025

35,367

51,874

87,241

NET BOOK VALUE

At 31st March 2025

1,125

5,173

6,298

At 31st March 2024

1,500

6,898

8,398

13.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,219

14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 16)

10,783

10,783

Trade creditors

1,193

2,362

Social security and other taxes

1,155

7,960

Pension Fund

1,051

1,974

Other creditors

2,930

33,604

Parent deposit held

4,367

3,323

Hall hire deposit

220

120

Accrued expenses

1,800

600

23,499

60,726

15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 16)

15,354

26,138

16.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year on demand:

Bank loans

10,783

10,783

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,354

26,138

17.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

£

£

£

£

Fixed assets

6,298

-

6,298

8,398

Current assets

8,357

59,271

67,628

37,340

Current liabilities

(23,499

)

-

(23,499

)

(60,726

)

Long term liabilities

(15,354

)

-

(15,354

)

(26,138

)

(24,198

)

59,271

35,073

(41,126

)