REGISTERED COMPANY NUMBER: 05029856 (England and Wales)

REGISTERED CHARITY NUMBER: 288341

Report of the Trustees and

Audited Financial Statements

for the Year Ended 31 March 2025

for

SRC Community Nursery

(A Company Limited by Guarantee)

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

6

Report of the Independent Auditors

7

to

10

Statement of Financial Activities

11

Statement of Financial Position

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

to

21

TRUSTEES

J Wills (resigned 26.10.25)

Ms A Semmens

Ms Y Haye (resigned 27.10.25)

J Ladenburg (resigned 30.4.24)

M Meynell (resigned 30.4.24)

Ms R Miller (resigned 30.4.24)

A Wrobel (resigned 15.11.25)

Dr J A Wills (resigned 26.10.25)

Ms A Wrobel (resigned 15.11.25)

M Huxley (appointed 30.4.24) (resigned 23.10.25)

Ms M E I Robertson (appointed 30.4.24)

P Burton Richards (appointed 30.4.24)

Ms F D Eshalomi (resigned 30.4.24)

Ms C L Hickson (resigned 30.4.24)

J M Ladenburg (resigned 30.4.24)

Ms H Ok (resigned 30.4.24)

COMPANY SECRETARY

P Burton Richards

REGISTERED OFFICE

1 Gaza Street

Kennington

London

SE17 3RJ

REGISTERED COMPANY NUMBER

05029856 (England and Wales)

REGISTERED CHARITY NUMBER

288341

INDEPENDENT AUDITORS

Ardor Business Solutions Limited

Statutory Auditors

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

BANKERS

NatWest Bank PLC

68 Peckham High Street

London

SE15 5RZ

OFFICE MANAGER

L Edgerton

NURSERY MANAGER

D McDougal - resigned 04.12.25) -

position currently vacant

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 31 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

The nursery is to provide a high-quality affordable care and nursery education to children of families who are resident in the London Borough of Southwark and surrounding boroughs of Lambeth/Lewisham; to meet the needs of all children by offering a secure and affectionate environment for social development and to reflect the diverse social, ethnic and cultural makeup of the families and staff in the local London boroughs.

We will reflect the diverse social, ethnic and cultural makeup of the borough through the children, their families and the staff.

We will encourage parents and carers to be actively involved in the life of the nursery.

We will make places available to a certain number of children who have special educational needs and disabilities.

We will provide employment and training opportunities for nursery practitioners, students, and trainees.

Significant activities

SRC Community Nursery is registered for 69 places but is a popular nursery and operates a waiting list. Children are offered either a full or part time place, 15-hour free nursery education for 2- and 3-year-olds and the extended 30 hours free education.

Places are offered to children who meet the following criteria:

> Parents on low income

> Dual income families

> Single parents

> Families who live in the Borough of Southwark and adjacent boroughs

> Training parents at college or university

> Meet one of the above criteria and have a brother or sister already attending the nursery

> Families who are entitled to Free Childcare for Working Parents

In addition to the above criteria, care is taken to ensure that the ethnic, social and gender balances reflect that of the community. Where a child has profound needs, they are offered places wherever it is possible to provide appropriate care and support.

When a child is enrolled into the nursery, the parents are asked to complete an Enrolment and Consent Form. This acts as a written agreement covering issues such as payment of fees, hours of attendance, any special educational need and disabilities that the child may have, permission for the child to be taken on local outings from the nursery, collection arrangements for the child and who to contact in an emergency. The nursery guidelines are also given to parents to read and agree to.

The nursery is open from 8.00am to 6.00pm every day. The nursery operates for 50 weeks with a closure period in mid-august, bank holidays and at Christmas. The nursery's management set the dates for closures at the beginning of the year and parents are notified well in advance. The nursery also has three inset training days.

Nursery staff have a statutory responsibility to ensure that children are safe at all times and that their individual needs are being met. Any concerns regarding the protection and safety of children will be dealt with according to the London Borough of Southwark Child Protection Policy and the nursery's own policy. Parents and carers will be involved at all stages of the Child Protection Procedures, unless this is not in the child's best interest, and might put the child at further risk. The children's safety is paramount.

The trustees set fees annually payable monthly. A non-refundable registration fee is charged.

Public benefit

The trustees confirm that they have complied with the duties in Section 17(5) of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.

We have referred to the guidance in the Charity Commission general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives that they have set.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The nursery achieved a Good Ofsted rating following an inspection in November 2024.

The nursery has increased the variety and range of visits, as well as the breadth of its curriculum.

The committee consider the performance of the charitable company has been satisfactory.

There has been a significant increase in the nursery cash reserves.

The nursery also includes the free early education for 2-year-olds also includes the 3- and 4-year-olds for 15 and 30 hours funded children. There is a criterion set for the funded 30-hour children set by local government.

FINANCIAL REVIEW

Reserves policy

It is the policy of the charitable company to maintain unrestricted funds, which are the free reserves of the charitable company, at a level which provides sufficient funds to cover running costs and administration costs and to respond to any emergencies.

The level of free reserves held at the year end was £125,117 (2024; £43,208).

Going concern

The charitable company does not hold significant reserves as it is the policy of the nursery to invest its funds to the maximum benefit of its current children. The charitable company produces its annual budgets with prudent figures for both income and expenditure. The charitable company expects to see income increase to ensure that the nursery's financial position is secure for the foreseeable future. For this reason, the trustees consider it appropriate to adopt the going concern basis in preparing the financial statements.

FUTURE PLANS

We intend to invest in the redesign of the nursery garden area.

We intend to grow the nursery reserves in line with expected increase in income as a result of planned changes to Early Years Funding in September 2025.

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.

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.

The nursery was set up in Peckham, South-East London. Originally intended to be a short-term project, it quickly became clear that it was providing much needed good quality childcare and within a year it was oversubscribed. The move to its present site in Gaza Street came in 1991 and since then it has continued to thrive.

SRC Community Nursery was registered as a charity in 1984 and is funded and supported by the London Borough of Southwark. Ofsted inspects the nursery every two to four years. Copies of the most recent reports are held in the nursery and can be found on the official website at Ofsted.gov.uk (registration No. 107458).

The organization was incorporated as a charitable company, limited by guarantee, on 29 January 2004. In the event of the charitable company being wound up, members are required to contribute an amount not exceeding £10.

The directors of the charitable company are also charity trustees for the purpose of charity law and are known as members of the Management Committee. The Management Committee includes parent, carers and members of the community. It consists of between eight and sixteen elected members but all parents and staff are welcome to attend meetings as observers.

SRC Community Nursery has retained its character as a community nursery. Its commitment to serve local people and the involvement of parents and carers are central to the way that it is run.

Recruitment and appointment of new trustees

The continued success of the nursery depends on a strong and committed committee. It is hoped that all parents and carers will consider joining the committee in order to contribute their own experience, ideas and skills. No expertise is needed, only the commitment to attend regular meetings and share in the discussions. Southwark Council provide training sessions for the Trustees.

Organisational structure

At the quarterly meetings, members have the opportunity to discuss and influence decisions on every aspect of the nursery's business which might include anything from organising training for staff, to writing a behaviour policy or deciding what food should be served. The Nursery Manager is employed by the committee to run the nursery day to day. The committee employs all staff and it agrees any changes in policy, hours worked, contracts and spending.

Wider network

SRC Community Nursery is located in the London Borough of Southwark (North) and it is open to families from all parts of the borough and adjacent boroughs. It is situated close to Kennington tube station and bus links to Brixton, Camberwell, Stockwell and Elephant and Castle areas. There is also good public transport links to the centre of London and Croydon.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have the overall responsibility of the organisation and it is one of their responsibilities to examine any major strategic and operational risks.

Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, children and visitors to the nursery.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of SRC Community Nursery 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 Charities 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.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 18 December 2025 and signed on its behalf by:

Ms A Semmens - Trustee

Opinion

We have audited the financial statements of SRC Community Nursery (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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'.

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Bryan Michael Kemsley FCCA (Senior Statutory Auditor)

for and on behalf of Ardor Business Solutions Limited

Statutory Auditors

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

18 December 2025

31/3/25

31/3/24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

-

3,250

Charitable activities

6

Childcare and education

695,368

529,652

Other trading activities

4

-

1,385

Investment income

5

828

514

Other income

6,100

-

Total

702,296

534,801

EXPENDITURE ON

Raising funds

7

-

923

Charitable activities

8

Childcare and education

616,319

537,572

Total

616,319

538,495

NET INCOME/(EXPENDITURE)

85,977

(3,694

)

RECONCILIATION OF FUNDS

Total funds brought forward

46,049

49,743

TOTAL FUNDS CARRIED FORWARD

132,026

46,049

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

31/3/25

31/3/24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

15

6,909

2,841

CURRENT ASSETS

Debtors

16

5,192

29,633

Cash at bank and in hand

147,884

34,561

153,076

64,194

CREDITORS

Amounts falling due within one year

17

(27,959

)

(20,986

)

NET CURRENT ASSETS

125,117

43,208

TOTAL ASSETS LESS CURRENT LIABILITIES

132,026

46,049

NET ASSETS

132,026

46,049

FUNDS

18

Unrestricted funds

132,026

46,049

TOTAL FUNDS

132,026

46,049

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 18 December 2025 and were signed on its behalf by:

A Semmens - Trustee

Cash flows from operating activities

Cash generated from operations

1

119,016

(26,243

)

Net cash provided by/(used in) operating activities

119,016

(26,243

)

Cash flows from investing activities

Purchase of tangible fixed assets

(6,521

)

-

Interest received

828

514

Net cash (used in)/provided by investing activities

(5,693

)

514

Change in cash and cash equivalents in the reporting period

113,323

(25,729

)

Cash and cash equivalents at the beginning of the reporting period

34,561

60,290

Cash and cash equivalents at the end of the reporting period

147,884

34,561

1.	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

31/3/25

31/3/24

£

£

Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities)

85,977

(3,694

)

Adjustments for:

Depreciation charges

1,736

1,136

Loss on disposal of fixed assets

717

-

Interest received

(828

)

(514

)

Decrease/(increase) in debtors

24,441

(19,272

)

Increase/(decrease) in creditors

6,973

(3,899

)

Net cash provided by/(used in) operations

119,016

(26,243

)

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

£

£

Net cash

Cash at bank and in hand

34,561

113,323

147,884

34,561

113,323

147,884

Total

34,561

113,323

147,884

1.	PRESENTATION CURRENCY

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest Pound.

2.	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.

The charitable company does not hold significant reserves as it is the policy of the nursery to invest its funds to the maximum benefit of its current children. The charitable company produces its annual budgets with prudent figures for both income and expenditure. The charitable company expects to see income increase to ensure that the nursery's financial position is secure for the foreseeable future. For this reason the trustees consider it appropriate to adopt the going concern basis in preparing the financial statements.

In common with many other businesses of our size and nature, we use our auditor to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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.

Governance costs

Governance costs represents expenditure associated with the audit and preparation of the charitable company's financial statements.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Furniture and equipment

-

20% on cost

Sensory room

-

20% on cost

Computer equipment

-

25% on cost

Fixed asset acquisitions of £500 and above are capitalised.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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.

3.	DONATIONS AND LEGACIES

31/3/25

31/3/24

£

£

Donations

-

3,250

4.	OTHER TRADING ACTIVITIES

31/3/25

31/3/24

£

£

Sale of photos

-

1,385

5.	INVESTMENT INCOME

31/3/25

31/3/24

£

£

Deposit account interest

828

514

6.	INCOME FROM CHARITABLE ACTIVITIES

31/3/25

31/3/24

Activity

£

£

Child care fees

Childcare and education

338,909

323,992

FEEE grant

Childcare and education

356,459

205,660

695,368

529,652

7.	RAISING FUNDS

Other trading activities

31/3/25

31/3/24

£

£

Photo costs

-

923

8.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 9)

Totals

£

£

£

Childcare and education

522,861

93,458

616,319

9.	SUPPORT COSTS

Governance

Management

Other

costs

Totals

£

£

£

£

Childcare and education

76,438

4,900

12,120

93,458

10.	NET INCOME/(EXPENDITURE)

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

31/3/25

31/3/24

£

£

Depreciation - owned assets

1,736

1,136

Hire of plant and machinery

(1,435

)

12,142

Deficit on disposal of fixed assets

717

-

11.	AUDITORS' REMUNERATION

31/3/25

31/3/24

£

£

Fees payable to the charity's auditors for the audit of the charity's financial statements

5,533

5,640

12.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

13.	STAFF COSTS

31/3/25

31/3/24

£

£

Wages and salaries

429,980

360,513

Social security costs

26,124

27,969

Other pension costs

8,859

20,549

464,963

409,031

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

31/3/25

31/3/24

Administration and support

2

2

Charitable activity staff

17

18

19

20

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

14.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3,250

Charitable activities

Childcare and education

529,652

Other trading activities

1,385

Investment income

514

Total

534,801

EXPENDITURE ON

Raising funds

923

Charitable activities

Childcare and education

537,572

Total

538,495

NET INCOME/(EXPENDITURE)

(3,694

)

RECONCILIATION OF FUNDS

Total funds brought forward

49,743

TOTAL FUNDS CARRIED FORWARD

46,049

15.	TANGIBLE FIXED ASSETS

Improvements

Furniture

to

and

Sensory

Computer

property

equipment

room

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

102,472

41,500

17,894

2,423

164,289

Additions

-

3,086

-

3,435

6,521

Disposals

-

(3,345

)

-

-

(3,345

)

At 31 March 2025

102,472

41,241

17,894

5,858

167,465

DEPRECIATION

At 1 April 2024

102,472

38,909

17,894

2,173

161,448

Charge for year

-

627

-

1,109

1,736

Eliminated on disposal

-

(2,628

)

-

-

(2,628

)

At 31 March 2025

102,472

36,908

17,894

3,282

160,556

NET BOOK VALUE

At 31 March 2025

-

4,333

-

2,576

6,909

At 31 March 2024

-

2,591

-

250

2,841

16.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

2,479

3,710

Other debtors

2,713

8,586

Accruals

-

17,337

5,192

29,633

17.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

-

4,658

Social security and other taxes

15,823

-

Other creditors

3,016

1,126

Accruals and deferred income

9,120

15,202

27,959

20,986