Shadwell Childcare Limited

	Page
Trustees' Report	1—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7
Statement of Cash Flows	8
Notes to the Statement of Cash Flows	9
Notes to the Financial Statements	10—15

The trustees present their report and the financial statements for the year ended 31 August 2025.

Objectives and Activities

Aims and Objectives

To enhance the development and education of children up to the age of 11 by providing appropriate play,education and care facilities ensuring that opportunities are offered to all children whatever their race, culture, religion, means or ability.

Public Benefit

Our activities to further public benefit include looking after the education and well-being of children up to the age of 11 regardless of gender, race, religion or financial means.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

Business matters:

Numbers in our Bluebell preschool room have been lower than in previous years, with 2-3 places available each day. This is due in part to a lower birth rate locally and nationally but we have also been affected by the Government drive to encourage primary schools to open their own provision. A number of new settings have opened locally in the last two years.

The Government policy to encourage all governing bodies of primary schools to provide breakfast clubs has also had an impact on our business. Following discussions with Shadwell Primary School, our breakfast club and after-school care are now only available to children in nursery and reception. Children from Year 1 to Year 6 attend the school’s provision. This has had some impact on our numbers but has been successful in the sense that our EYFS / Foundation children are receiving tailored care which is appropriate to their age range. Sessions are full except on Fridays, which are low across the sector and likely to be linked to parent work patterns / flexi-working / working from home which is increasingly common nationally.

This has been offset with staff taking maternity leave and not being replaced.

The parents’ forum and parent evenings were well attended (99% of families at parents evening) and feedback from parents and carers is that the events were beneficial and a success.

Susan Morgan retired in March 2025, having served as a trustee for twelve years. We are enormously grateful to Sue for her commitment, expertise and sage advice over those years and we wish her a very happy retirement. Communication requesting at least one new trustee, ideally a service user with business and finance or HR experience, was shared with parents.

Additional Note

SEND:

We have several children now supported with private S&LT sessions, commissioned and funded by Shadwell Childcare. This has been reviewed by the Trustees and is a welcome addition to our provision. Families and children have benefited immensely and staff have been supported in providing one to one and small group sessions. Children accessing the sessions make good progress.

Staff:

A number of staff have been away or returned from maternity leave this year. A staffing restructure took place to ensure senior leader cover was in place for all sessions. The changes have provided internal progression and CPD opportunities for current staff which is well supported by employees and the manager.

Training:

Training has been taking place specifically around changes to the welfare standards in the statutory EYFS framework and new Ofsted inspection framework.

...CONTINUED

Page 1

Page 2

Shadwell Childcare Limited

Trustees' Report (continued)

For The Year Ended 31 August 2025

Additional Note - continued

Trustee Sarah Coltman came to site to review lunchtime practices and safeguarding around the new safer eating requirements. The polies and procedures in place meet the new criteria and the trustees are confident that good practice is in place.

Trustee Valerie Wilson visited the setting to review the SEND and S&LT sessions and review polices. She observed a S&LT session and a small group session then spent time with the SENCo to review processes and interventions. All process are well embedded and supportive of staff and children.

Trustee Carolyn Eyre came to review the safeguarding changes with all staff and held a training session for the team in March.

Staff have renewed their Paediatric First Aid, H&S and food hygiene certificates as needed.

Two staff were registered for the Maths Champion training programme.

Our SENCo has signed up for a Level 3 qualification.

Financial Review

Financial Position

Update:

The leases on both Bluebell and Sunflower rooms are now out of contract. Unfortunately, it has continued to be very difficult to contact the relevant people within Leeds City Council (LCC) and, despite a case worker being allocated and the involvement of the Local Authority Early Years service, there has been no progress. Shadwell Primary School governors have confirmed to LCC that they wish to renew the lease with Shadwell Childcare Ltd. We will continue to press LCC estates team for a response.

With no lease in place, LCC has not been charging Shadwell Childcare Ltd any rent. We are placing the accrued rent in the contingency account each quarter to ensure that the monies are available when a new lease is agreed and LCC systems are resolved. We are conscious that the rent has not been reviewed or increased for a number of years and we anticipate that there will be a significant rise when a new lease is offered. The Trustees have increased the balance of the contingency fund in preparation for this.

Since April 2024 all eligible 2 year olds have been entitled to receive up to the equivalent of 15 funded hours per week in term time. Most children (85%) in the setting are eligible to receive this funding. There have been concerns reported across the sector and in the national media regarding the gap between funding and actual cost; in effect, nurseries and childcare providers lose money for each funded place and there are restrictions on the extra services that can be recharged. As a charity, the Trustees of Shadwell Childcare continue to believe that the shortfall is manageable although we recognise that private businesses are struggling and, locally, a number of settings have closed. Despite this, Shadwell Childcare has facilitated the Government offer of 30 hours to all age groups in September 2025.

Staff received a wage increase of approximately 5% in April 2026. In addition, National Insurance and other business costs rose significantly this year. This is an estimated increase of 16k and will be covered by an increase in session prices from May 2026.

As a result of the Government funding gap, the rise in employer costs and uncertainty about a rent rise, we have taken a cautious approach to budgeting this year while endeavouring to maintain our commitment to staff development and the children’s enjoyment.

Additional Note

Buildings:

A health and safety check was conducted on outside play equipment and was approved.

Bluebell room has been decorated and the new furniture and layout is working well

The staff POD which was installed in Sept 24 has been a success, providing a place for staff to have breaks, have PPA time and for private meetings with parents.

Page 2

Page 3

Shadwell Childcare Limited

Trustees' Report (continued)

For The Year Ended 31 August 2025

Reference and Administrative Details

Trustees

Mrs Sarah Coltman

Mrs Carolyn Eyre

Mrs Valerie Wilson

Mr Yogesh Dhir (appointed 16/03/2026)

Mrs Susan Morgan (resigned 22/04/2025)

Charity Number

1116891

Company Number

05769390

Registered Office

Shadwell Primary School, Main street

Shadwell

Leeds

West Yorkshire

LS17 8JF

Independent Examiner

Graham Anthony Elliott Chartered Certified Accountant

Crag & Co

Chartered Accountants & Chartered Tax Advisers

First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR

Page 3

Page 4

Shadwell Childcare Limited

Trustees' Report (continued)

For The Year Ended 31 August 2025

Small Company Rules

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

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs Carolyn Eyre

Trustee

14/05/2026

Page 4

Page 5

Shadwell Childcare Limited

Independent Examiner's Report to the Trustees of Shadwell Childcare Limited

For The Year Ended 31 August 2025

Independent Examiner's Report to the Trustees of Shadwell Childcare Limited

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

Responsibilities and Basis of Report

As the charity 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 the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, 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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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
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.

Graham Anthony Elliott Chartered Certified Accountant

14/05/2026

First Floor, Embsay Mill
Embsay
Skipton
North Yorkshire
BD23 6QR

Page 5

Page 6

Shadwell Childcare Limited

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Statement of Financial Activities (including Income and Expenditure Account)

		2025	2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Pre-primary education		743,935	635,560
Investments	3	2,508	2,350
Other	4	121	136

		746,566	638,046

EXPENDITURE ON:
Charitable activities:	6
Pre-primary education		(588,017 )	(607,139 )

NET INCOME		158,549	30,907


NET MOVEMENT IN FUNDS		158,549	30,907
RECONCILIATION OF FUNDS:
Total funds brought forward		263,153	232,246

TOTAL FUNDS CARRIED FORWARD	14	421,702	263,153

The notes on pages 9 to 13 form part of these financial statements.

Page 6

Page 7

Shadwell Childcare Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

		2025	2024
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Tangible Assets	10	12,453	13,484

		12,453	13,484
CURRENT ASSETS
Debtors	11	3,053	955
Cash at bank and in hand		439,383	283,486

		442,436	284,441
Creditors: Amounts Falling Due Within One Year	12	(33,187 )	(34,772 )

NET CURRENT ASSETS (LIABILITIES)		409,249	249,669

TOTAL ASSETS LESS CURRENT LIABILITIES		421,702	263,153

NET ASSETS		421,702	263,153

FUNDS OF THE CHARITY
Unrestricted Funds		421,702	263,153

TOTAL FUNDS	14	421,702	263,153

For the year ending 31 August 2025 the charitable company was entitled to exemption from audit 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 trustees 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 in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mrs Carolyn Eyre

Trustee

14/05/2026

The notes on pages 9 to 13 form part of these financial statements.

Page 7

Page 8

Shadwell Childcare Limited

Statement of Cash Flows

For The Year Ended 31 August 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	160,416	79,297
Interest paid		(114 )	(115 )

Net cash generated from operating activities		160,302	79,182

Cash flows from investing activities
Purchase of tangible assets		(6,913 )	(19,942 )
Interest received		2,508	2,350

Net cash used in investing activities		(4,405 )	(17,592 )



Increase in cash and cash equivalents		155,897	61,590
Cash and cash equivalents at beginning of year	2	283,486	221,896

Cash and cash equivalents at end of year	2	439,383	283,486

Page 8

Page 9

Shadwell Childcare Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Statement of Cash Flows

1. Reconciliation of income to cash generated from operations

	2025	2024
	£	£
Net income	158,549	30,907
Adjustments for:
Interest expense	114	115
Interest income	(2,508 )	(2,350 )
Depreciation of tangible assets	7,944	30,615
Movements in working capital:
Increase in trade and other debtors	(2,098 )	(240 )
(Decrease)/increase in trade and other creditors	(1,585 )	20,250

Net cash generated from operations	160,416	79,297

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	439,383	283,486

3. Analysis of changes in net funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	283,486	155,897	439,383

Page 9

Page 10

Shadwell Childcare Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Shadwell Childcare Limited is a company limited by guarantee, incorporated in England & Wales, registered number 05769390 and registered charity number 1116891 . The registered office is Shadwell Primary School, Main street, Shadwell, Leeds, West Yorkshire, LS17 8JF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income. Income consists of fees receivable for child care either by way of council funding, childcare vouchers or private individuals and is included in full in the SOFA when received. Investment income by way of bank interest on cash deposits is included when receivable.

2.3. Resources Expended

All resources expended are recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent and depreciation charges allocated on the portion of the assets use. Other support costs are allocated based on the spread of staff costs.

2.4. 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	20% straight line
Fixtures & Fittings	25% reducing balance

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Pensions

The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

3. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	2,508	2,350

Page 10

Page 11

Shadwell Childcare Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Other Income

	2025	2024
	Unrestricted funds	Unrestricted funds
	£	£
Commission received	121	136

5. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	7,944	30,615

6. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 7 )	Total
	£	£	£
Pre-primary education	583,007	5,010	588,017

			2024
	Activities undertaken directly	Support costs (see note 7 )	Total
	£	£	£
Pre-primary education	596,620	10,519	607,139

7. Support Costs

	2025
	Pre-primary education
	£
Employee costs	1,979
General administration	3,031

	5,010

	2024
	Pre-primary education
	£
Employee costs	2,437
General administration	8,082

	10,519

Page 11

Page 12

Shadwell Childcare Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	400,468	397,404
Other pension costs	22,382	27,153

	422,850	424,557

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

9. Average Number of Employees

Average number of employees during the year was: 20 (2024: 20)

10. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2024	154,711	30,232	184,943
Additions	3,793	3,120	6,913

As at 31 August 2025	158,504	33,352	191,856

Depreciation
As at 1 September 2024	154,710	16,749	171,459
Provided during the period	3,793	4,151	7,944

As at 31 August 2025	158,503	20,900	179,403

Net Book Value
As at 31 August 2025	1	12,452	12,453

As at 1 September 2024	1	13,483	13,484

11. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	3,053	955

12. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	24,438	26,357
Taxation and social security	6,248	5,915
Accruals and deferred income	2,501	2,500

	33,187	34,772

Page 12

Page 13

Shadwell Childcare Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

13. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £22,382 (2024: £27,153).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

14. Movement in Funds

	As at 1 September 2024	Income	Expenditure	As at 31 August 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	263,153	746,566	(588,017 )	421,702


Total funds	263,153	746,566	(588,017 )	421,702

	As at 1 September 2023	Income	Expenditure	As at 31 August 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	232,246	638,046	(607,139 )	263,153


Total funds	232,246	638,046	(607,139 )	263,153

15. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

16. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

17. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 13

Page 14

Shadwell Childcare Limited

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 August 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Charitable Activities:
Pre-primary education
Income from charitable activities	743,935	635,560

	743,935	635,560
Investments

Bank interest receivable	2,508	2,350

	2,508	2,350

Other

Commission received	121	136

	121	136


	746,566	638,046
EXPENDITURE ON:
Charitable Activities:
Pre-primary education
Direct costs	(33,505)	(29,757)
School meals cost	(25,826)	(24,810)
Wages and salaries	(400,468)	(397,404)
Employers pensions - defined contribution schemes	(22,382)	(27,153)
Recruitment and training costs	(8,908)	(4,637)
Hire and leasing of computer and other equipment	(348)	(348)
Rent and rates	(37,174)	(45,095)
Computer software, IT consumables and maintenance	(8,241)	(6,583)
Repairs, renewals and maintenance	(3,975)	(2,957)
Insurance	(3,379)	(1,249)
Marketing and advertising costs	(300)	(850)
Data and telecommunications costs	(4,529)	(3,798)
Miscellaneous expenses	(3,760)	(670)
Printing, postage and stationery	(6,314)	(3,645)
Subscriptions	(114)	(108)
Cleaning costs	(15,726)	(16,826)
Depreciation of fixtures and fittings	(4,151)	(4,495)
Depreciation of leasehold land and property	(3,793)	(26,120)
Bank charges	(114)	(115)
Staff welfare	(1,979)	(2,437)
Accountancy fees	(1,725)	(1,575)
Professional fees	(1,306)	(6,507)

	(588,017)	(607,139)

	(588,017)	(607,139)

NET INCOME	158,549	30,907

Page 14

Page 15

Shadwell Childcare Limited

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 31 August 2025

Page 15