REGISTERED COMPANY NUMBER: 06252914 (England and Wales)

REGISTERED CHARITY NUMBER: 1149802

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TOWERS TINY TOTS

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Notes to the Financial Statements

7

to

12

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

To advance and enhance the development and education of children primarily under statutory school age by:

(i) encouraging parents and carers to understand the developmental and educational needs of their children and considering with them the ways in which those needs may best be met;

(ii) offering appropriate play, education and care facilities through the carrying on of child care centres for children between the ages of 3 months and 11 years, ensuring that opportunities are provided to all children, whatever their ability, ethnicity, gender, sexual orientation, belief or means; and

(iii) promoting public interest in and recognition of the developmental and educational needs of children under statutory school age.

Public benefit

In carrying out the Charity's objectives, the Trustees have had due regard for the guidance issued by the Charity Commission on public benefit.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Charity continues the operation of its nursery, pre-school, afterschool club and holiday club for the year ending 31 March 2025.

During the year the Government have increased their offer of free early education funding for working families. From April 2024, 15 hours free early education funding has been introduced for two-year-olds and this was expanded again in September 2024 to include 15 hours for funding for babies over the age of 9 months.

This expansion of free early education has facilitated an increase in demand for spaces for 2-year-olds at both settings, and from September there has also been an increase in demand for the baby room at the nursery. This has increased the income for the year and has allowed for the Charity to continue investment in staff apprenticeships, purchase new i.t. equipment for both settings, and invest in our buildings.

FINANCIAL REVIEW

Financial position

Towers Tiny Tots has had a successful year and continues to maintain a good reputation in the local area, which has been boosted by our Ofsted grading. The waiting list remains consistently healthy.

During the year the charity had a net surplus of £45,410 (2024: deficit of £8,748). Total charity funds at 31 March 2025 amounted to £145,858 (2024: £100,448).

At the Goat Lees Community Hall we invested in the building along with the aid of a levelling up grant from Ashford Borough Council and an Asda Community Grant, with all of this funding we were able to install emergency lights, replace the internal sliding partition door, and refurbish the wooden floor.

In addition to this, investment has also been made to extend our afterschool club opening hours to 6pm from January 2025. This is part of the national expansion of Wrap Around Care for primary school age children, where there is an ambition to make this available to all families by September 2026. Due to grant funding from Kent County Council we have been able to introduce this early to our families with the take up of this extended offer expected to gradually expand over the next couple of years.

Reserves policy

The reserves of the charity, being freely available income funds, at 31 March 2025 amounted to £145,858. It is the policy of the charity to maintain reserves at a level which enables the charity to continue its charitable activities and to ensure that the charity is able to meet any liabilities or other commitments it may have.

FUTURE PLANS

The trustees anticipate that the large surplus achieved this year is unlikely to continue for further years and has been achieved due to the expansion in free early education funding, which has caused an initial influx of families seeking childcare. The trustees feel that this additional surplus has given the Charity potential to continue to reinvest in its settings for future years and will help to continue to safeguard the Charity against future cost increases.

Both settings continue to be well supported in our local community, with Goat Lees Community Hall being used by local clubs in the evening and weekends and the Pre-School and Afterschool Club maintaining its strong links with the local primary school.

The directors and trustees would like to thank the managers and staff for their continued hard work and dedication during the year. It is with their efforts, along with the wider support from the local schools and community, that Towers Tiny Tots has continued with another successful year of operations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee and therefore governed by a Memorandum and Articles of Association. The company was incorporated on 18 May 2007. The most recent Articles of Association of the company were adopted on 27 January 2023. The company was registered as a charity by the Charity Commission on 19 November 2012.

Recruitment and appointment of new trustees

Under the Articles of Association, the charity may by ordinary resolution appoint a person who is willing to act to be a director and trustee. The directors may also appoint a person who is willing to act to be a director. The Articles contain provisions requiring the retirement of directors by rotation.

The directors and trustees meet regularly and make decisions relating to, for example, the charity's strategies, policies and future plans. Day-to-day operational decisions are delegated to the managers at the two settings.

The remuneration of all staff is set by the directors and trustees.

New directors and trustees undertake a suitable induction procedure and are provided with appropriate opportunities for training.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06252914 (England and Wales)

Registered Charity number

1149802

Registered office

The Towers School

Faversham Road Kennington

Ashford

Kent

TN24 9AL

Trustees

Ms T A Adams

Ms N R Bellman

Ms Y D Freeman

Ms R L Bryant (resigned 15.7.24)

Company Secretary

Ms Y D Freeman

Independent Examiner

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

Approved by order of the board of trustees on 14 November 2025 and signed on its behalf by:

Ms T A Adams - Trustee

Independent examiner's report to the trustees of Towers Tiny Tots ('the Company')

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

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.

Mark C Greenwood FCA

The Institute of Chartered Accountants in England and Wales

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

25 November 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,472

1,000

2,472

691

Charitable activities

Charitable activites

447,419

5,657

453,076

353,702

Investment income

2

742

-

742

100

Total

449,633

6,657

456,290

354,493

EXPENDITURE ON

Charitable activities

Charitable activites

405,040

5,840

410,880

363,241

NET INCOME/(EXPENDITURE)

44,593

817

45,410

(8,748

)

Transfers between funds

12

1,022

(1,022

)

-

-

Net movement in funds

45,615

(205

)

45,410

(8,748

)

RECONCILIATION OF FUNDS

Total funds brought forward

99,948

500

100,448

109,196

TOTAL FUNDS CARRIED FORWARD

145,563

295

145,858

100,448

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

8,234

-

8,234

7,778

CURRENT ASSETS

Debtors

9

7,803

-

7,803

5,298

Cash at bank and in hand

162,754

296

163,050

110,158

170,557

296

170,853

115,456

CREDITORS

Amounts falling due within one year

10

(33,229

)

-

(33,229

)

(22,786

)

NET CURRENT ASSETS

137,328

296

137,624

92,670

TOTAL ASSETS LESS CURRENT LIABILITIES

145,562

296

145,858

100,448

NET ASSETS

145,562

296

145,858

100,448

FUNDS

12

Unrestricted funds

145,562

99,948

Restricted funds

296

500

TOTAL FUNDS

145,858

100,448

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 14 November 2025 and were signed on its behalf by:

T A Adams - 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.

Statutory Information

Towers Tiny Tots is a charitable company, Limited by guarantee and registered in England. The charity's registered number, principal address and nature of operation can be found within the Report of the Trustees.

The accounts are presented in sterling which is the functional currency of the charitable company.

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. The following specific policies are applied to particular categories of income:

Income from donations and grants, including capital grants, is included in incoming resources when these are receivable. When the conditions attached to a grant are met, and the charity has reasonable assurance that the grant will be received they are recognised in income . Where a grant is unconditional then the charity recognises the grant in income when it is receivable. If a grant is received before the conditions attached to it are satisfied, the grant is recognised as a liability, and only released to income once the conditions are met.

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.

Other income is accounted for on a receivable basis.

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.

Improvements to property

-

At varying rates on cost from 17% to 33%

Plant and machinery

-

20% on a straight line basis

It is the policy of the Charity to capitalise items that will be used for more than one year. These items are initially recognised at cost.

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.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

2.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

742

100

3.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

4,144

6,615

Other operating leases

15,192

14,001

4.	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.

5.	STAFF COSTS

2025

2024

£

£

Wages and salaries

288,541

264,630

Social security costs

12,965

10,827

Other pension costs

4,865

4,562

306,371

280,019

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

2025

2024

All staff

17

17

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

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

691

-

691

Charitable activities

Charitable activites

352,397

1,305

353,702

Investment income

100

-

100

Total

353,188

1,305

354,493

EXPENDITURE ON

Charitable activities

Charitable activites

362,436

805

363,241

NET INCOME/(EXPENDITURE)

(9,248

)

500

(8,748

)

RECONCILIATION OF FUNDS

Total funds brought forward

109,196

-

109,196

TOTAL FUNDS CARRIED FORWARD

99,948

500

100,448

7.	INDEPENDENT EXAMINERS REMUNERATION

During the year the following fees were incurred for the examination of the accounts:

2025

2024

£

£

Independent examiner's fees

1,155

1,125

Accountancy services fees paid to the independent examiner

1,155

1,125

8.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

94,782

49,184

143,966

Additions

1,824

2,776

4,600

Disposals

(663

)

(3,221

)

(3,884

)

At 31 March 2025

95,943

48,739

144,682

DEPRECIATION

At 1 April 2024

92,806

43,382

136,188

Charge for year

1,495

2,649

4,144

Eliminated on disposal

(663

)

(3,221

)

(3,884

)

At 31 March 2025

93,638

42,810

136,448

NET BOOK VALUE

At 31 March 2025

2,305

5,929

8,234

At 31 March 2024

1,976

5,802

7,778

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,900

3,537

Prepayments

4,903

1,761

7,803

5,298

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

334

279

Social security and other taxes

3,199

2,918

Other creditors

23,485

16,298

Accruals and deferred income

6,211

3,291

33,229

22,786

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

2,850

4,875

Between one and five years

-

3,657

2,850

8,532

12.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

99,948

44,592

1,022

145,562

Restricted funds

Fund to set up community projects

500

(204

)

-

296

Floor refurbishment fund

-

(700

)

700

-

Ashford Borough Council leveling up

-

1,722

(1,722

)

-

500

818

(1,022

)

296

TOTAL FUNDS

100,448

45,410

-

145,858

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

449,633

(405,041

)

44,592

Restricted funds

Fund to set up community projects

-

(204

)

(204

)

Floor refurbishment fund

2,600

(3,300

)

(700

)

Ashford Borough Council leveling up

4,057

(2,335

)

1,722

6,657

(5,839

)

818

TOTAL FUNDS

456,290

(410,880

)

45,410

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

109,196

(9,248

)

99,948

Restricted funds

Fund to set up community projects

-

500

500

TOTAL FUNDS

109,196

(8,748

)

100,448

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

353,188

(362,436

)

(9,248

)

Restricted funds

Holidays and activites food programme

805

(805

)

-

Fund to set up community projects

500

-

500

1,305

(805

)

500

TOTAL FUNDS

354,493

(363,241

)

(8,748

)

During the year the following funds existed

Floor Refurbishment - Funded from donations from Asda and the Railway Club to refurbish the wooden flooring at Goat Lees Community Hall.

Ashford Borough Council Community Amenities Grant - This grant was awarded by Ashford Borough council as part of the Government Levelling Up programme. The grant funded the replacement of the internal room divider at Goat Lees Community Hall and the installation of additional emergency lighting on the outside of the building.

Funds for Community Projects - This was awarded from the Goat Lees Parish Council to enable the team at Goat Lees Community Hall to set up and maintain projects for the local community. This includes toy, book and clothes library, and resources for parents to use at home with the children.

Holidays and Activities Food Programme - The HAF Programme is funded by the department for education and aims to support children who are eligible for free school meals. It provides free access to holiday activities supporting their development and wellbeing during the school holidays.

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.