Charity Registration No. 1008788 Company Registration No. 02624238 (England and Wales) CHILDREN'S SCRAPSTORE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CHILDREN'S SCRAPSTORE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Reference & Administfdlive Infomiation Chair's Report Report of the Board of Trustees 3-10 Independent Auditorfs report Consolidated ststemenl of financial acts'vits'es 14 Charity's ststement of financial activits'es 15 Consolidated and Chaity's Balance sheet 16 Consolidated Statement of cash flows 17 Noles to the financial ststemenls 18-35
CHILDEN'S SCRAPSTORE REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2025 Registered charity name Children's Scrapstore Charlty number 1(KJ8788 Company reglstratlon number 02624238 Reglstered office Scrapstore House 21 Sevier Street St Weurgh'S Bristol BS2 9LB Secretary Ms C J Casswell Trustees Ms C J Casswell Ms B Cavender (resigned on 21 July 2024) Ms E J Collier Mr A Forster Ms S E Jaeckle Mr J Pendlington Ms F S Pugh-Jones {resigned on 11 July 20241 Ms V Shah-Dyan Mr P R Simpson (resigned on 5 January 2025) Ms J Ford Ms H E Baker (appointed 12 April 2025) Ms E K James {appointed 12 April 2025) Ms S Mccall {apFX)illted 25 September 20251 Ms J C Roberts (appointed 8 March 2025) Independent Auditors Burton Sweet Limited The Clock Tower 5 Fadeigh Court Old Weston Road Flax Bourton Bristd. BS48 1UR Solicitors Veale Wasbrough Vizards LLP Narrow Quay House Narrow Quay Bristol. BS14QA Bankers HSBC Bank PLC 62 George Street Bristol. BS1 3 BA Triodos Bank Deanery Road Bristol. BS1 SAS
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The Chair's report 2024125 As trustees we are pleased lo report Ihat despite a very challenging fiscal environment, Scrapstore is still here and hopes to go from strength to strength. The Scrapslore is now recognised as a trusted delivery partner by Bristol City Council and is commissioned by them to deliver the national HAF (Holiday Activities and Food) programme and to support the strategic leadership of the play sector in Bristol, induding funding for Play Ranger activities in the most disadvantaged areas of the city. As a numbef of experienced Iruslees will SLK)n be coming lo the end of their tenure, a successfL¢I recruitment campaign has taken place this year and this has toth slrenglhened the tnjslee base and increased its diversity, to better reflect Ihe three stated Scrapstore priorities of promoting play, creativity and re-use. The ovedap of old and new trustees has providing continuity wtth Caroline Cas5well and Sally Jaeckle continuing to act as Cowchairs. Tnjstee MlingS have been well attended and lake place every six weeks. with sub- groups meeting as needed to oversee specrfic aspects of the Scrapstore proyJramme. for examp18 lh6 Building Group. The Scrapslore staff team, ably led by the two CEO'S and team rnanagers, has been relattvely stable this year and work efficiently and effectively towards the strategic plan. The working environmenl is happy and productive. The team are supported by a committed group of volunteers who meet weekly and add capacity to the organisation by preparing materials for core Scrapslore activities induding ihe HAF packs, Birthday Parties and Messy Play sessions. The Scrapslore owns the building 'Scrapslore House. and surrounding land. Improving the fabric of Ihe building remains a Priofity. to ensure Ihal it is fit for pUrSe going forward and meets the needs of our developing organisation. It is vital that the building is upgraded and external experts have been appointed to support the trustees In tsking this forward. Plans are now in place which have been shared with the public and positively received, but progress with planning pemiission has been slow as a result of factors beyond our control. We are confident that these developments will ultimately ensure that Scrapstore is well pK)sitsoned to serve the local community, and the thousands of members. artists. children and families who benefit from our activities, into the fvture. Sally Jaeckle - Co-chair Children's Scrapstore
CHILDREN'S SCRAPSTORE TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The Trustees are pleased to present their annual Twslees, rert. toJether with the consolidated financial statements of the charity and subsidiary for the year ended 31 March 2025. which are also prepared to meet the requirements for a Trustees, report and accounts for Companies Act purF)oses. The financial statements comply with the Charities Ad 2011, the Companies Act 2006. the Memorandum and Artides of Association. and Accounting and Reporting by Charities.. Statement of Recommended Pra¢tits applicable to charities preparing their ac)Unts in accordan with the Financial Refyjrting Standards 102. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document and constitution The charity is a company limited by guarantee and therefore has no share capital. It is govemed by a Memorandum and Articles ofAssocialion. dated 26 June 1991 (revised 14 December 2011). It is registered as a charity with the Chanty Commission. The Trustees are responsible for strategy. policy and finanaal oversight of the rnPany. Implementation of this is delegated to the Chief ExecLrtive Officef and Deputy Chief Executive Officer. Pay pollcy for senior stsff The Chief Execulive Officer is a freelance consultant, and the Deputy Chief Executive Offir is a salari8d member of staff. The remuneratson for t)oth is govemed by the remuneratson Wicy. The charity's Trustees perform the strategic lead for the charity, together wilh being responsible for the overview of all operational items which would potentially impaci on the charity's ability to meet ils objects, maintain financial stability and affect the ethos of the charity. All Trustees give their time freely and no Trustee received remuneration for their duties as a Trustee in the year. Trustees can claim reasonable travel expenses during this year, but none were claimed. The policies and procedures adopted for the induction and training of Trustees When selecting new Trustees, the charity seeks people who can bring relevant expertise. Children's Scrapstore continues to update the Trustees. handbook, ensuring that il adheres to the Charity Commission guidelines. The handbook and induction process are used to familiarise new Trustees with all aspects of the work done by the charty, and briefs them on their legal obligations under charity and company law, the committee and deasion-making process. and key stsff. Trustees are made aware of the literature and website5 of independent govemance advisory agencies. and can access these at any time. Organlsatlonal structure and management of the charlty by the board of Trustees The board of Trustees adminislers the charty. The board meets 7 times a year. where financial reports are presented and discussed as well as operational and safeguarding Teports. Departmental reports are sent to trustees each month. Other sub4Jroups are formed for specific acts'vities as and when they occur. The Tnjstees delegate their responsibilities for the day-to-day administralion of the charity lo the senior management team. The Trustees who served during the year are listed on page 1.
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Children's Scrapstore is the parent of a wholly owned subsidiary. Artrageous Creative Limited company number 08677366. This company was sel up to administer the trading of Ihe retail shop selling arts and Crafts materials. Major risk management The Trustees have a major risk managemenl slrategy which comprises: a regular review ofthe major risks and uncertainties that the charity and its subsidiary may face.. the establishment of policies, syslems and procedures to mib.gate those risks identified in the plan., the ifftplementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. A key element In the management of financial risk is the setting of a reseNes policy and its regular review by Trustees. Cost of living increases and related challenges continue lo act on both our income. CSIS, salaries and maintenance of our building. Cuslomefs and funders continue to prioritise the spending choices. We have prepared strategic plans for all departments to increase th our customer count and demand for our services. We review these plans on a regular basis with managers and trustees to ensure the charity maintains its income and 8xpenditure at levels in line with the budget and to ensure prompt actbon rf neSsary. We commissioned our first Impact Report which came out in late 2025 to showcase our work and monitor the impact on our stakeholders. We will use this rewrt to continue and improve cr relationship with partners and funders. The condition of the building we own is deteriorating and costs of repairs are increasing. We decided after much research to sell some of the land at etlher side of the building to raise funds for a major refurbishment. This will include new roof, windows and cladding which will improve the carbon perfomance of the building. We hope Ihe land will be sold for housing to a developer wilh fijll planning pemission. We have met with Bristol City Council's planning department and continued to work on a successful planning application. We expect planning not to be granted before the end of the financial year 26127 and potentially even later than this. Sales of PlayPods are reducing each year by a small but significant percentage as schools struggle financially. We have diverstfied the work of the Play Team to mitigate some of the loss of income and have been successful in finding bids for Play Training and Play Ranging. OBJECTIVES AND ACTIVITIES Our main activities and who we aim to help are described below. AJI of Our charitable activities focus on the encouragement of Reuse, Art and Play and are undertaken to fvrther our charitable objects for the public benefit. Objects, as set out in the governing document The objects of the Scrapstore shall be.. to provide. or assist in the provision of. facililies for recrealion, education, and other leisure time activities for children, being facilities of which such children have need by reason of their age, or social or economic circumstsns', and which will improve conditions of life fof such children by promoting their educats'onal. physical or menlal well-being- to promote the use of waste materials as playthings.
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 How our activities deliver public benefit Children's Scrapstore's overarthing aim is to promote the wellbeing of children, young people and adults throL2gh the provision of materials and facilities for crealive and imaginative play. We do this through.. 1. Waste collection and re-use 2. Provision of materials and facilities for play and creativity 3. Promotion of play and creativty for all In shaping our objectives for the year and planning our acts'viti8s. the Trust88s have considered the Charity Commission's guidance on public benefrt. Children's Scrapstore's objectrve, Iherefore, is to allow children, young people and adults to play, experiment. and slirnulate their imaginations with a variety of farniliar and unusual. inexpensive materials through the re-use of safe and appropriate scrap that you can't obtain elsewhere. Children's Scrapstore collects waste and surplus materials from industry and commerce and makes them available at very little cost to our member groups. The focus of Children s Scrapstore's Work is to provide art and craft resources for creative play and education, provide other resources to complement this work, and lo rdise awarenes5 Of play, creativity and r&use. Membership Membership is open to any groups or individuals working or volunteering with a group of children, young people or adults in a creative, play. care, educational, therapeutic or community setting. Our membership includes playgroups. nurseries. crèches, parent and toddler groups. resources and activities centres, cubs, scouts, guides. brownies, beavers, woodcraft folk, city farms. adventure playgrounds. hospitals. arts. environmental. care homes. theatre groups, schools, universities and colleges. Many of our members have limited budgets and rely heavily on the value for money resources that Children's Scrapslore provide. The resources range from offcuts of paper. card, wood, fabrics and hot air balloon material to plastic trays, XeS and empty lins. With changes in the economic landscaFP we recognised thal access to cheap plentiful resources was imtM)rtant to families and individuals. Our offer has recently extended the public as 'Supporters Plus, who have limited access to the wahouSe. Limited access means that there are still plentiful amounts of scrap for our members. We have been given the opportunity to explore how transferrable our skills and knowledge of worknng with children are to working with older people in care homes and we hope this will successful and build a new membership group. Fundraising Childn,5 Scrapstore's approach to fundraising is carried out with the objective of raising funds to support core work. All fundraising is Caled out through recojnised funds or trusts and the charity does not approach the public for any fundraising purposes. nor does il work with any commercial participators or professional fundraiser5. A5 a result, no complaints from the public have been documented. Volunteers We have a volunteer group as well as some wrporate volunteers who supp)rt a number of SeNiS we offer in the charity. They mainly prepare resources that we use for various events and activity packs. We could not produce the number of activity packs- 939 - wiihout their efforts. In 202412025 they provided 1341 hours of volunteering.
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Future developments and sustalnability Primarily our charitable activities fS on the encouragement of play and creative activities and are undertaken to further our charitable objects for the public benefit. We play a strategic role in Reuse, Art and Play both locally and nationally. We have spent time this year continuing to build infrastructure support in these three sectors. We Continue to build and develop partnerships and act as a focus for local and regional organisations and leaders in these sectors. Our sustainability in tams of skills, resources and finanoal stability continues to be at the forefront of our developments. Services developed as our emergency pandemic response have given the charity new connections, and Ihe viable elements of this will continue to be developed. Refurbishment of the building The condition of the building we own is deteriorating and costs of repairs are increasing. We decided after much research to sell some of the land al erther side of the building to raise fLtnds for a major refulshMent. This will indude new roof. windows and dadding which will improve the carton perfornn of the building. We hope the land wll be sold with full planning permission for hSIng lo a developer with full planning permission. We have met with Bristol City Council's planning department and continued to Vrk on a successful planning application. New tenancies The lease of our major tenant. The Better Food Company. ended at 31st March 2025 and they remain on rolling conlrdct whilst negoliations condude. They have slrongly indicated that they wish lo remain a tenant, but a new lease is unlikely to be signed until the stsrt of the 26127 financial year. Replace old equipment We will replace old racking in the warehouse as part of our Health and Safety improvement plan. We have secured fvnding from the Joyce Fletcher Chanlable Trust to part fijnd this. Stabilising Shop and Membership Wa have worked hard to stabilise shop customers and membership numbers. they are now at 202312024 levels and we are working to ensure they do not drop below these. With the economic conditions as they currently are. stabilising current levels of trade and income is an important step. Brand and Marketing We have appointed a PR Company to hdp us develop a Brand Bwk to help us fomialise our brand voice and image ensuring our messaging and brand is consistent across all our services and to support our marketing beyond our existing customer base. We commissioned our first Impact Report which came out in late 2025 to showcase our work and monitor the impact on our stakeholders. We will use this report to continue and improve our relationship with partners and funders, and showcase our work lo other stakeholders, both internal and external We want to continue to work on our social media content and engagement to increase awareness of our charity in the city band beyond. We also want to use our data collecb'on and evaluation to show the impact we are having with all our stakeholders.
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Continue Family Arts activities and profile We are the host for the Family Arts ambassador for Bristol. We continue to work hard on developing a family arts program for the city in conjunction with our partners and will try to raise more funds to support this work. We are cementing our family arts pro3ram and will be devising methc#Js of collecting data to evalLtate the irnpact and efficiency of our and our partnerfs work. W6 will hold a free Family Arts day in the building in May. ACHIEVEMENTS AND PERFORMANCE OF THE CHARITY Refurbishment of the building Our team of experts worked on the planning application for 12 houses on the land each side of the building. This included energy, eGology and structural surveys and the planning pemiission was submitted in early 2025. We held a successful community consultation about the proposed housing and a majority were in favour of this development. New Tenancies The lease for our major tenant. The Better FcN)d Company. ended on 31 sl March 2025. We took legal advice and began the preparation of a new lease for them. We are aware that as a charity we need to get best value from our assets and this has infom)ed our negotiats'ons. Replace old equipment The quotes are in place for new racking in the warehouse. We purchased a new pallet truck for the warehouse which has in-built scales so we can weigh scrap as it comes in. This will ensure that the correct weights are put on suitable racking as well as provide useful data to measure our impact on reuse target. We purchased small IT equipment in order lo host hybrid meetings We purchased a second eco badge-maker lo extend our range for our member5 and customers and ensunng they have a choice. Shop and membership Sourcing new suppliers for the shop Some of our wholesalers have dosed so a signifirant number of our standard shop stock lines were in danger of being discontinued. Most of these lin8s have now been sourced from other suppliers but this has had an impact on our sales priS and lead times have been challenging at times. Increasing membership and footfall Our membership figures have remained the same for this year but our Supporters Plus Cards continue to be popular. This means fooffall in the warehouse has increased but spend per person has decreased and therefore income remains less than prevCOVid. Change of staff in the membership role has meant thal marketing to different groups that are underrepresented has been delayed.
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The Artshop has better signage to increase customer eXperieTr and more engaging social media which has a significant following. We have made three television and one radio appearances to promote the prtsjuction and delivery of activity tKJxes as part of the Holiday Activity and Focrfj program funded by Bristol City Council and to explain the reason for developing the land around the building to supp)rt it's refurbishment. Increase the charity profile in the city with enhanced networking and partnershlp We have tsken a number of different approaches lo engage with different partners and nehvorks. We are now an established organisalion in those netwofks for example St Pauls network where we share useful information and signposting . Bristol Cultural Education Partnership where we promote Family Arts. Voluntary Sector Operations Manager Network which gives us the opportunity to share best practice around health and safety and policies and learn from each other. Through our attendan at these netWOTks we have made links with organisations thal support some of our target groups such as Asylum Seekers. Refugees and families living in povety. We have welcomed two supported interns into the charity and this has enabled us to develop a process which means we can find sustainable work experience tsilored for each individtjal. We welcomed five school work experience young people and decided to broaden our offer so that the young people have experience across the departments in the charity they happening. We have been able to significantly increase our volunteer hours through our regular volunteer and corporate volunteering opportunities. Family Arts activities and profile We are funded by the Family Arts Campaign. who are funded by the Arts Council . to hosl the Arts Ambassador lor Bristol. Beleen the Family Arts Nelwork 23 events ran in the city. some small events run by one organisation and larger events run by multiple partners. We developed Bristol Family Fun to provide information to families in the city about the work of our network partners and produce a bi-monthly newsletter to go out lo families who have signed up for the group. We raised £18.805 to support more events in the city in conjunction with our network partners. In the financial year 24125 we recognised £15,878 towards the events delivered in that year. We also held quartefly meetings where speakers have attended to deliver interesting and informative presentations to Ihe network partners induding barrier5 in Arts and Culture for people living in povety. FINANCIAL REVIEW Transactions and financial position The Tnjstees consider the financial performance during the year. The accounts are set out on pages 14 to 35. The accounts have been prepared implementing the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reportjng Standards 102 issued by the Charity Commission for England and Wales.
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The Statefnenl of Finanaal Activities (SOFA) shows net (expendrtureyincome for the year of a revenue nature. The total at the foot of the Balance Sheet shows the total reserves at the year end. The Group's total income forthe yearwas £1.107.599: an increase from the prior year. mainly due to increased giving and grant income. Total expenditure rose to £1.189.241 reflecting increased operating and stralegic development work. This resulted in an operation defiat of £81.642 before the revaluats'on gain of £498,815 resulting in a net income of£417,173 for the yèar. At year end. total Group funds stood at £1,585.482 (2024.. £1.168.309), comprising £131.124 in general unrestricted funds. £1.451,962 designated. and £2,396 restricted. Policles on reserves The policy is to maintain reserves at the level necessary to sustain the tAanned activities of the charity. The accounting wlicies (Note 1) sets oui the funds being operated and their respective applications. The Designated fund is maintained at a level equivalent to the investment in the freehold property less the mortgage. This is held within the building and forms the basis of scrapsto.$ stability and flexibility- The General fund accumulated surplus is intended to be raised to a level equal to beeen 3 and 6 months of unrestricted expenditure which equates lo approx. £241>£480k. Al this level the Trustees feel that they would be able to continue the cuffent aclivrties of the charity in the event of a significant drop in funding. The General ftsnd stood at £131,124 ofwhich £106.816 is considered to be group's free reserves as at 31 March 2025, which represented £133k bdow the lower threshold and £373k below the upper threshold. The Trustees consider the charity to be a going COnM. supported by strong asset values. divetstfied income, and o)ntinued demand for SeIS. Restricted funds, if any, are spent in line with the donorfs wishes or funder's agreements as si)on as possibl8. Principal funding sourcès Funding is via membership fees. trading an surplus. events. donations for scrap. sales of PlayPods, Play Services and grants. Investment policy and objectives The Trustees have wide powers of investment. Surplus short- temi funds are held in an interest-bearing deposit aGcount. Availability and adequacy of assets of each of the funds The board of Trustees is satisfied that the charity's assets in each fund a available and adequate to fulfil its obligations in respect of each fund. Chang88 In fixed assots Changes in fixed assels are shown in detail in note 12 to the accounts. There has been capital expenditure of £9.051 this year. and the assets continue to be repaired and maintained as and when nSsary.
CHILDREN'S SCRAPSTORE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Governance The board of Trustees provide strategic governan of the chanty and adhere to all legal and statutory obligations as well as Charity Commission guidance. Statement of Trustees, responsibilities The trustees {who are also directors of Children's Scrapstore for the purposes of company lawl are responsible for preparing the Trustees. Report (incorporating the strategic report and directors, report} and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. including Finanual Re-porting Standard 102= The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Accepted Accounting PraCts). Company law requires the trustees to prepare financial slatements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the income and expenditure, of the charitable group for that period. In preparing these financial ststements, the trustees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP.. make judgments and accounting estimales that are reasonable and prudent.. slate whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume thal the Gharilable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with aSonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the chantable company and the group 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 infomiation of which the charitsble company s auditors are unaware.. and the trustees have taken all steps thal they ought lo make themselves aware of that infonnation. The board of trustees approve the reappoinlmenl of Burton Sweet as auditors for financial year 2025126. Approved by the tM)ard and signed on its behalf by: E Collier Trustee Date.. 10
CHILDREN'S SCRAPSTORE INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31 MARCH 2025 Independent auditor's report to the members of Children's Scrapstore Opinion We have audited the financial ststements of Children's Scrapslore (the °Charity and the group") for the year ended 31 March 2025 which comprise the group an(i charity Statement of Financial Activities. the group and charity Balan Sheet, the consdidated Cash Flow Statement and notes to the financial statements, including a summary of significAnt aCUnting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reportsng Standard 102: The Financial Reporting Standard apIcable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the finanal statements- give a true and fair view of the state of the group and Charity's affairs as at 31 March 2025 and of its income and expenditure for the year then ended: have been propetly prepared in accordan with United Kingdom Generally Apted Accounting Practice., have been prepared in aCrdance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted out audit in. accordance with inlemational Standards in Auditing (UK) {ISAs {UKI) and applicable law. Our responsibilities under those standards are turther described in the Auditor's responsibilities for the audit of the financial ststements section of our report. We a independent of the group and Charity in accordan wilh the ethical requirements that are relevant to our audit of the financial statements in the UK. induding 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 directOf5' use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively. may cast significant doubl on the group and charity's ability to continue as a going concem for a period of at least e1ve months from when the financial stalemenls are aLrthorised for issue. Our responsibilities and the responsibilities of the directors with respect to going cOnM are described in the relevant sections of this report. Other information The trustees are restK)nsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otheNisa explicitly stated in our report, we do not express any form of assurance condusion thereon. In connection with our audtl of the financial staternents. our responsibility is to read the other information and, in doing so, (x)n5ider whelher the other infomiation is materially inconsistent with the financial slalements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If w8 identrfy such fnaterial innSiStenC1eS or apparent material misststements. we are required to detemiine whether there is a material misstatement in the financial statements or a malenal misstatement of the other
CHILDREN'S SCRAPSTORE INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31 MARCH 2025 infomiation. If based, on the work we have performed, we condude that there is a material misstatement of this other information. we are required to report the fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit". the information given in the trustees. report (incorporating the directors, report) for the financial year fof which the financial statements are prepared is consistenl with the financial statements., and the directors, report has been prepared in accordance with applicable law requ1MentS. Matters on which we are required to report by exception In the light of our knoedge and understanding of the group and charitable company and ils environment obtained in the c£Jurse of the audit. we have nol identified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Art 2006 re- quires us to report to you rf. in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches nol visited by us,. the financial statements are nol in agreement with the accounting records and retums: ertain disclosures of trustees, remuneration specified by law are not made.. or we have not obtained all the infomiation and explanations necessary for the purposes of our audit; or the Iruslees were not enttued to prepare the financial statements in accordance with the small companies, regime and lake advantage of the small companies. exemplions in preparing the directors. report and from the requirement to Prepare a strategic report. Responsiblllties of trustees As axpl8ined more fully in the trustees. responsibilities statement. the trustees are responsible for the preparation of Ihe financial slatements and for being satisfied thal they give a true and fair view, and for such internal ntrol as they detemiine 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 restK)nsible for assessing the group and Charity's ability to continue as a going concem, disdosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the group or Charity or lo cease operab'ons, or have no realists'c altemative but to do so. Auditor's responsibilities for the audit of the financial sLitèmènts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole a free from material misstatement, whether due to fraud or error. and lo issue an auditor's report thal 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. Misstatemenls cAn arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to Influen the economic decisions of usef5 taken on the basis of these financial statements. 12
CHILDREN'S SCRAPSTORE INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31 MARCH 2025 Our approach to idents'fying and assessing the risks of material misststement in respect of irregularities, including fraud and non-compliance with laws and regulalions. was as follows- we identified the laws and regulations applicaNe to the group and charity through discussions with those charged with govemance and other managemènt, and from our knowledge and experience of the sector, we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements of the operations of the company, including the Companies Act 2006. taxation legislation and data protection, anti-bribery, employmenl, pensions, environmental and health and safety legislation,. and we assessed the extent of compliance wth the laws and regulations identrfied above through making enquiries of management, inspecting18gal correspondence and remaining alert during the audit for any indications of non-compliance. Our audit procedures in relation to fraud included but were not limited to-. making enquiries of those charged with governan and other management as to where they considered there was SUsptIbl1ity to fraud. their knowledge of actual, suspected and alleged fraud; discussing amongst the engagement team the risks of fraud. gaining an understanding of the internal controls in place to mitigate risks of fraud and non- compliance with laws and regulations- testing joumal enlries to identify unusual transactions: assessing whether judgements and assumptions made in delemiining the accounting estimates sel out In the accounting wliues were indicative of potential bias", and investigating the rationale behind signfficant or unusual transaclions. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from finanoal transactions, the less likely it is that we would become aware of non- compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspethon of regulatory and legal corresponden, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may invdve deliberate concealment or collusion. A further desGription of our responbIlItIeS for the audit of the financial statements is located on the Financial Reporting Council's website al www.Irc.oT . uk.'audilors, audil-assurance-elhicslauditors-res onsibilities-for- the-audil . This description forms part of our auditor's report. Use of our report This report is made solely to the Charity'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 Charity's members those matters we are required lo slale in them in an audilor's report and for no other purpose. To the fullesl extent FErmitted by law, we do not accept or assume responsibility to anyone other than the Charity's members as a body. for our audit work. for this report. or for Ihe opinions we have fomied. Joshua Kingston FCA (Senior Statutory Auditor) For and on behalf of Burton Sweet Limited Statutory Auditor The Clock Tower 5 Fadeigh Court Old Weston Road Flax 8ourton Bristol BS48 1 UR Date.. 28 January 2026 13
CHILDREN'S SCRAPSTORE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNTI YEAR ENDED 31 MARCH 2025 Unresirictod Funds Restrithe Funds Total Funds 2025 Total Funds 2024 Note Incomo from: Grants and donations Charilable activitiès Other vadiro actiwts.es Inveslments IRestatedl 351.783 315,308 420.565 953 183.457 285.202 415.410 3.740 219.790 403.247 285.202 415.410 3,740 Total kncome 887,809 219,790 1,107.599 1,088,609 Expendilurg on.. Raising funds Charilable ac11wS 304.269 654,901 304.269 884,972 286,506 882,290 230.(5 Tolal gxpgnditur• 959.176 230.(5 1.189,241 1,168,795 Gainlloss on investmenls 13 498.815 498,815 Net bncom8llexpendrtur•l and net mov•mont in funds 427.448 110.2751 417.173 I,187) Total funds at start of yt•r las •¥lousty gtstedl 1.190.586 12.671 1,203,257 1280.996 Re8tatsm•nt 25 134,9481 134,9481 132.5001 Tt)tal fvnds at start of y•ar Irestat 1.155.638 12.671 1.168.309 1.248.4 Total funds at •nd of ar 1.583,086 2.396 1.585,482 1.168,309 The GrtsJp has no recognised gair6 CK bsses other than ts results lor the yEar 8$ set out atrA)ve. AJI of 8thties ol the Group are da55ed as conbnuirwj. S8e 11 Iw thè ¢tynparativo Ststemènl of Finanua Actsvibes. The notes on pages 18 to 35 form part of thesè financial statements. 14
CHILDREN'S SCRAPSTORE THE CHARiffS STATEMENT OF FINANCIAL P£TivmES {INCLUDING INCOME & EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Unr8Strict8d Restricted Fun¢ts Funds Total FurKIs 2025 Tot81 Fund 2024 Income from: Grants and donati($ Charitable activits Othef tradiThJ activth.es Investrnent5 (Restated) 362.185 315,308 321.936 953 192.417 285,202 338.577 3,740 219.7 412,207 285.202 338,577 3,740 Total 5ncome 819,936 219,790 1,039,726 1,000,382 Expendllyre on: Raising funds Charitable actN41ks 231.386 654.907 231,386 884,972 196,837 882.290 230.(h$5 Total expenditure 886.293 230.065 1.118,358 1,079,127 Gabnn$ on investmenls 13 498.815 498.815 Nèt incomellexpenditurtl and not movement in funds 432.458 110,2751 422.183 178,7451 Totsl fvnds at start of >••r1oS prevlously stated) 1.181.626 12,671 1,194,297 1,270,594 Re¥tatemgnt 25 134,9481 134.9481 132,5001 Total funds at start of yjar Irestat•dl 1.146.678 12,671 1,159.349 1,238,094 Total funds at ènd of sear 1.579,136 2,396 1,581,532 1.159,349 The Charity has no réco3nised gains or losses other than Ihe results forlhe yearas set out at)ve. l ofthe aciMb85 of Ihe tharity are cjassed as cthts"nubng. See note 11 for Ihe cc¥mparative Staternenl of Financ4al ACllIeS. Th• notes on pages 18 to 35 fonn part 0fth financial ststements. 15
CHILDREN'S SCRAPSTORE BALANCE SHEETS AS AT 31 MARCH 2025 Company number: 02624238 Group 2025 Char 2025 Group 2024 Charity 2024 Fi as$•ts (Reststedl 1.080.396 IRestsl&YI 1,080.396 TarKJible assets Investment property Investments 12 13 14 798,8 750.000 798,890 750.000 11)0 100 1.548.8 1.546.990 1,080,396 1.080,496 Currgnl asset* Stock Oebtors Cash al bank and in hand 15 16 48.089 47.034 105.322 293.010 123.608 198.639 144,991 293,010 198,639 305.572 322.247 445.366 436.001 Liabilitie• Cr8ditor5 . amounts falling due within one year 17 1191,3461 1212.0711 1267.6851 1269.3801 Net turr•nt ass•ts 114.226 110.176 177.681 168.621 Total assth le$8 Current li•bilitigs 1.663.116 1.659.166 1,258,077 1,249.117 fediior5 ". arTK)unts falling due after MO than one year 18 177,6341 177,6341 189,7681 189,7681 N•t 1.585.482 1.581.532 1.168.309 1.159,349 FUNDS Unrestricted lunds General funds Designated funds Rtstrlcttd fun 131.124 1.451,962 2,396 127.174 1,451,962 2,3 210.570 945,068 12,671 201,610 945,068 12,671 23 Total lund¥ 1.585.482 1.581.532 1.168.309 1.159,349 Trustees respon%bi1eS'. The trustees a¢knOledge Iheil Ws1.1[.es for wilh Ihe reqUIreentS ol the Act respect lo ac(x)unting reccyds and the prepaialion of finanoal statemen The accounts have be&) prepared in aCtr)rdan wth ts provIsn5 applicatAe to Ihe smJl CompareS. regirne and in accordan wth FRS102 SORP. Th•58 finanaal Slaternts were approved by Ihe Tnjstees C ........... ....... . are svjned on ltiwr behalt by.. E Collier Twstèe The neles on pages 18 10 35 fomi part Of fin•rtei•l s¢atem•nts. 16
CHILDREN'S SCRAPSTORE CONSOLIDATED STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025 2025 2024 N¢t c•$h loutllowv Inllow from opwating aclivit 19 156,2101 124.8161 Nonwtlonal ush I1. Inv•sting activitses Payments for tangible rd assets Investmenl irK¥)me 19,0511 3.740 113,2001 953 15.3111 112.2471 Fonanclng activil Loan payMentS {32,8501 152,0361 132.8501 152,0361 N•t ¢a•h loutllowvlnfiow lor the y• 194.3711 189.0991 Charity Law prthibits Ihe use of net cash infiLVts any endow¢d { thr restrmied furKI lo offsel n¢t cash outn¢)w5 on any fvnd outside its objects. exc4t on special aurity. In Ihis 1r1¢bon has rM)t had 8ny effect orE 5 Ilows for the year. Thg notss on pages 18 to 35 fomi part of these financlal statèments. 17
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1 A¢¢ounting pdicies ounting convention The financial statements have been prepaT•Y in a¢u)rdan( vnth the historical o)st conv8nbtsn (exp1 whe¥e othemse stat in the accounting rolicy note) and in accordance wth the Statement tsl Recommended Practice.. Ac(x)untir¥J and Rewrting by Charities preparing their acwunts in èc(xydance wth the Finanual Rerx)rtng stsndard apPIae in the UK and RepublK of Ireland IFRS 1021 Issued in October 2019. and Ihe FifiarKial Reporting Standard ap1¢alle In the United King¢Jom and Republic of Ireland IFRS 1021, the Ctstnpan Act 2(X)6. The charity is a public benefit entity as defined under FRS102. Tr Trustees ihat there afe no materkql uncertainties affeoting Ihg ab41ty ofthe chanty to conbnL as a g(Mrg ¢{mrn. Basis of consolidation The Consolidated Staterynt of Finanua Acts ISOFAI, Conso¢idaled Balance Sheet and Consolidated Casl) Flow Statement ¢onsolidale the financial statements of Charity arhj ils suby"diary, kngeous Creabve knmited. The resutts of the subsidiary are consolidated a line by line bas. Incom• Income from donations i1Uad in incuno when tsse rec4ivable. epla$ [cAl5.. l. When donors srfY that donalN)ns gi lo the th•ity rnsjst be used in future accounb"rKJ penods. the InCe is deferrwl until those Feriod5," 11. When Oorors irnth3se (xdI"0ns whtth have lo be lulfilled befo Ihe chanty t¢FreS ents"ll1 to use such Income, the irKome is deferr&J untsl the we-CtThJtlicffts have been Income frorn contracts lor the supply ol goc¥Js and serwces Is reojgnised with Ihe delivery of the contracted gcx)d anélor seNce. This is dassified a5 unre51ncted funds unkss there ts a ujntractual requirement it to be spent on a particular purpose and retumed If tsnspent. in which case it may be regarded as reslricted. Investment ire is induded on 8 rrfetvse basis. Donations in kind comprise ¢Yonated services there Ihe sts are mea5urabl8 8nd seN(xs otherwse to pald for to maintain Operatal effectiveness. Income from dona"ons for scrap is reeognised ¥eteivable. either vthen ¢JcanS are receNed from visitors lo the warehouse for scrap materials taken. N materials are ddivered lo sthools to refill their SUPles. Expenditur• Expenditure is recogntsed in the period ift wttich il 15 ingJrred. Expenortu includes attribtstae VAT cannol be rerx)vered. Raising funds Raising funds exndIt Indtsde Ihose $ts 1ftcur in seeking vduntsry o)ntn"buts. c>)sts of gcx)ds sokl and other costs which indude Ihe ojsts ol running and partJ"opabng in fundraigng events and colle(*ons and cost of goods pu:'chased for resale. Chafltsble Activid•s Experidrture on charitable activibes cornprises those incUed by the Charty in the delivery 01 rt5 acbvitie5 and services. tt includes bolh costs thal can be all¢xated direcyy to this activity and those (Sts of an indirect natu reces5ary to 5UPPOrt Ihern. Support costs anil costs that winot be directy attn"t1 io xD¥ities are allocated a basis Cm5i5tent wth Ihe use ol the resource. Governance costs Govemance costs tndude those costs assocrdted y¢h meetir¥J Ihè consb"bJb"onal and slatutory WU1ments of the charty and indude the audit fee5 and costs linked to the strategic management ol Ihe d)arrty. (>)vemance cosfs a indvded vAthin suppvt costs. 18
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1 k¢ountkng poli¢ie$ {ClIM Allo¢•tion and•Wti0menI $ts Certain expbJre is directy attributable Its sp[IC acliwbe5 and thi5 has t)een induded in se cA)5l raiegories. Other costs, which are attributable lo rncwe Ihan one category. a apportioned a(X055 (x>st Calegories on basis of an assessment of WOTkk)ad carnod out frorn tc time. Overhead supwt costs have been allated t¢hwn fundwaisiny and pubINty LThts. fundraisirvJ trading and Charitab actiwties. The apporl1onnI ha$ been allc¢ate(I Ihe basis of re011 the afKI is analed in no18 7. Pension 819 and other postaretiremert beneffts The charty U)n¢nbutes to defined GtbUt schemes. Conth"bu¢M)n5 paY&e to the LariV5 pension schemes ale charged to the StaterrEnt of Financxal knb"wties in Ihe reftiyj io which they rdate. TangSble fixed assets Fixed assets are held at W5t less a¢wrnulated depreoab'oi. Assets tirj less than £25) a not capitalis&J. Depreaatson is calculated 50 as to write off Ihe cost ol an as( kn its estimated ulb.male resJu4 value. over the useful life ofthat asset as follM'. Land and Buildings - 0r >pa,. straryhtline on bud(liThJs. deprefy3tl ¢har9•Y on land. Improvements to Property - over 50 yea. 5traght line Furniture and Equiprrent - over 4 )ears." siraighl line lotor vehths - over 4 year5.. straIg,t line Inveslment property Invesfment [pertieS a held to eam rental or for c4Jttsl apprlt(. They are initially nasud as cost and subsequently rneasured at fair value. The valuaiKJn of the Invesbmenl property is considered every year by the trustees to ensur8 that the Carrrj value is not MatlYer8nl kn the lair vJue. wth a prolessonal valualbyt being cètained every fifth r. Flxe(l asset Inwstm•nts Investments In subsKliaries and a58oriates are ind¥ded al cost less impairThnt al 31 Mareh. The SOFA indudes the nel gains and hS ansing on revaluats.ons ar dis$5 duriThJ the ar. Stock Stocks a valued at the Fo¥M of cost and net realisable value. after making dLE allowan for obsolete and slcw mowng Items. Cost is d8t8rmined usin9 the Average cnsi meltrKMJ IAVCOI. N8t r8ali5atrAe value is bas•Y on selliNJ prico 1•55 anbciPa costs lo oirnpletion and selling costs. Donated ilerns are noi valued in SIC a1 rwnised in onlywhen SLId. Trade debtors Trade and other debtors a rwnised at ts setuement amwrrt due after any trade drsc4)unl offered. PrepayThents are valued at the amount prepaKI after iaking account of any discounts due. Cah and cash oqu4valgnts Cash at bank and cash In har¥J indudes rash an¢J short term hwJNy liquid investrrents 1 a sthjrt maiurty of three rnonths or less from V)e date ol acqut5itson or openiThJ ol the thpJsFt or similar aiwjnt Cr•ditors Credrtots and prowsM)n$ a re¢¢yJnised the charity has a tKesent ot4wJation resultir¥J from a past eveftt that 711 probabty sU11 in the transfer of fvnd5 lo a third party and the arM)unt due lo setde the L*ligation can be Measu or estsrnated reliably. Creditors and provisions are nonnally recognised al thwr seidement amcwnt aftar allllg for any discounts due. 19
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1 Ac¢ountino pollcie• {continu•dJ Fund accounn9 Ffee funds are unrestn¢tsd funds th'c a available lor use at Ihe discrelth)t) of Ihe Twstee5 in lurtherance ol the general objectives of Ihe Chanty and vknch have not been designaled for otrr pUoSe5. Designated funds comprise Un1cle funds that have been set aside by the Truste8s for Pal3r purposes. The airn and use of each desgnal8d fund is set in the noles to Ihe finanal statements. Restricted ftsnds ran or4y b& used for parblar reslnLled purposes wthin the objects of tIE tharity. Restrith"ons arlse when 5Feofied by ihe dorKJr or lunds ère raised for parbalar resthcled puoseS. Fvrther expl8nats.on of nalure and purpose ol ea¢ fund is induded in Th)te 22 to the finaryxal siatéments. 2 In¢gme from: Grants and donations GrDUP & Charity Unrestricted Funds Restricted Funds Total Funds 2025 Donations Donabon from Artragecrtts Creab"ve Linbted Donab"ons for scrap Grants 2,308 2.308 8,960 181,149 219,790 181,149 219,7 Totsl Charity 192.417 219,790 412,207 Inter*roup acb'¥ty 18.5501 18,9601 Total Group 183.457 219.790 403.247 Prfror year Group & Charlty Unfestrl¢ted Funds Restricted Funds Total Fund• 2024 Donations Donabon ITOM thage0$ creats. Limrted Donabons for strap Grants 3,57S 10.402 176.785 22.773 3.575 10.402 176.785 171.423 148.650 Total Charrty 213.535 148,6 362,185 Inter-group athty 110.4021 110,4021 Total Group 203.133 148,650 351.783 Inctu(led in granl incA)rne are amounts lotlij f1.161{2024.. £82.2391 recewed frcmm 8nslol Cty Cwncl. 3 In¢omÈ from: Ch•ritabh a¢li¥iti•s Gro1 & Charlty unrestrClOd Funds Restricted Funds Total Fuwtrd$ 2025 Contract i¢xume Membership subscnptior Play & Playpod Incorn 12.406 64.705 208.091 12.406 64,705 208,091 265,202 285,202
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 3 InGome from.. Charitable activtties Icontinu8dl PrIorar Unrestrkted Funds Reslrl¢l Funds Total Fund• 2024 (Restattdl (Restated) Contract irt(e Membetship subscripb'c$ Play & PlaypoLI Inrne 63,091 252.217 63,091 252.217 315.308 315,308 4 Income from.. Othertradlng actl¥iti#s Unrèstrictèd Restricted Funds Funds Total Funds 202S Total Fund• 2024 Rental Income Prtanagementcharge. Artragetyjs Creative Limriwj 250,448 88.129 250,448 88.129 256.044 65,892 Totsl Charity 338.577 338.577 321.936 Artrageou5 Creative Limrted- Slyi sales Inier-groLtp ath.vty 178.178 1101.3451 178.178 1101,3451 764.521 165,8921 Tothl Group 415,410 415,410 420.565 l inLX)me receNed for ottr IraJiTrJ actsvibes in lh• pr1 al wa5 UntrIcted. 5 Expen(knire on: Ralslng funds Current yr Support Costs INote 71 Direct Costs Total Fund 2025 Property rental income costs Membership disoJJnt charge 84.342 13.216 133.828 218,170 13.216 Total Charlty 97,558 133.828 231.386 Artrageous C¥eative Lirnit• Less inter-group ac"vity 174.228 1101.3451 174.228 1101.3451 Totsl Group 170,441 133,828 304,269 Priory8ar Support Costs INote Tl Dlrect Costs Total Funds 2024 Property rentsl inccme cosls 54.415 142,422 196,837 Total Charity 54,415 142.422 196.837 Artrageous c've limited Less iniei-grc¥Jp athvity 155.561 165,8921 155.561 165,8921 Total GfOItP 144.084 142,422 286,506 21
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 6 Ewndltur¢ on: Chariiabl• actt¥ltles Group & Chartty Support Costs INot• 7) Dire¢t Costs Totsl Funds 2025 Reuse 98,864 7,568 207.TII 148.369 44,184 45.379 238.584 94,253 143,048 52,947 446,355 242.622 Play Pl8yP(yJs 462.572 422,400 884.972 pory•¥T Support Costs (Note 71 Direct C05ts Totsl Funds 2024 Reuse 104.571 6,981 206.306 180.538 141.473 3.842 112,947 12S.632 246,044 10,823 319,253 306.170 Play PlayPc*Js 498.396 383,894 882,290 7 Support ¢¢)st• Support costs ale allctsled betsveen raisiTrJ funds a1 thlable acIlti&$ on ba$ of staff bme. Support cts. Induded in notes S & 6. are as Idlty. Currnnt y•ar Fundrai$irg and Charitablg publicity ActFvits Total 2025 Stsff costs Office cKJst5 Building 1$ G0Vwian costs 53.226 29.660 47.674 3.268 167,997 93.615 150.473 10.315 221,223 123275 198,147 13.583 (Note 81 133.828 422.400 556.228 Pdor >par Fundraising and publieity Charrtab Aetlwti•s Total 2024 Stsff ¢>)sts 01¢8 costs Building costs Govemance costs 56.847 44.788 38,141 2.646 153,232 120,724 102,807 7.131 210.079 165,512 140,948 9.777 (Note 8 142,422 383,894 526,316
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 B Net In¢omelle%widllurel for the year Tris Trs stated after charging: 2025 2024 AY1t(S munerat . wior yearover acx7ual - for audit seN(%s . for a(¥xts weparation Trustees. travel, meeth.ng and training eypense512 tru5te851 Depreciation 19551 10,350 4,015 173 39,372 12,50D} 9,675 3A75 35S 36,593 9 Staff costs and numbws Tho aogregate payr1 costs were: 2025 2024 W6$ & saaries sal security costs Pension contributions 477.356 29.576 18.590 483,355 28,962 18.791 525,522 531,108 Thè average number ol empbw IiFK4uding s¢nior managemenVlgader5hip team) during thg sfar was.. 202S 2024 Supwrt safF Charitable ac"vrfies 27 27 30 30 No employee received emdumenls ot more than £60.(1)O during either the jnI. Of precediThJ r. Key monagemgnt per¥onnel The Injstees considw themselves an¢ the fdlowng to be key rnan3gent per50nnd.. Ihe Chi8f Execub've Off>cer and the Deputy Chief Executive Officer. (ln Ihe prior year this also indtsded lh8 Orrations c(wrdinator. Play tgam (%rdina10r and Membership co-ordinator.) DuriTrJ the year. Ihe total eMpe tenefits ol key managerllent person1 £85.28412024. £82,338). 10 Taxation The charity is exemptfrom tXrftM)r1( trx its charilable acwi*s.
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11 SttemÈnt ol Flnancl•l klivit¥ comparative figures Group For th¢ #T ènd 31 Mareh 2024 Unrestricted Restricted Fundg Funds Total Fundj 2024 IRestat8dl (Restat) Inme from: Grants donaticS Charitable acDvilies Other tr8diThJ acbvitigs Investments 203,133 315.308 420,565 953 148.650 351,783 315,308 420,565 953 Tolal Income 939.959 148.850 1,088.609 ExperKll¢ure on: Raising funds Charitable aLvilies 286.506 742.945 286.506 882.290 139.345 Total •xponditur• 1,029.451 139.345 1,168.796 Net incom¢llexpendlturel for the year and net mg¥ement in fvndj 189,4921 9.305 180.1871 Total lunds at stsrt 0fr las r•vlou8ty SLdI 1,277,630 3,366 1,280,996 R•stat¢m•nl 132.5001 132.5001 Total fund5 at start of Ire5tatedl 1.245.130 1,248,496 Total funds at •nd of ar 1.155,638 12,671 1.168,309 24
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11 Stat•m•nt ol Flnan¢Jal A¢tMtl•s Comparthg figur¢• Icoftthu8dl Chartty For th• •nded 31 March 1024 Unrestrithd Funds Re$trt¢ted Funds Totsl Funds 2024 Incorne from". Grants and dtsnaticms Charitable a(JJ"vrties Other trading acbwties Investments 213.535 315,308 321.936 953 148,650 362.185 315.308 321.936 953 Totsl income 851,732 148.650 1,000,382 expendlture on.. Raising funds Charslable 196.837 742,945 196,837 882.290 139,345 Total exp•ndlturn 939.782 139.345 1,079.127 N•t Incom1•Xp•dItrnl for th• yr •nd n•t mo¥ement tn fvnd• 188,0501 9,305 178,7451 Total lunds at st¥t of la• pre¥fjousty sLdl 1,267.228 1.270,594 Reslatem•nt 132.5001 132,5(X) Total fvnds at slart ol y•ar lrnJtst•dl 1,234.728 1.238.094 Total funds at •nd ol >ar 1.146.678 12.671 1.159.349 25
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 12 Tanqlble fixed a•••ta Group & Charity Land and 8uilding5 Property Furnlturg and Improvements Equiwmnt Motor hiclès Total Cost orValua0rt At 1 April 2024 Addib"ons Transfers 801.988 7.808 586 71.346 8.465 1,431,142 9.051 1332,8541 1135.4081 (197,4461 At 31 Marth 2025 414.592 604.542 8.394 79.811 1.107.339 Depwiation Al 1 April 2024 Charge lor Ihe year Trnnsfer5 25, 5,500 {9.0851 278.782 16.039 172.5B41 3.349 42.715 15,734 350,746 39,372 181.6691 At 31 March 2025 22.315 222,237 5,448 58.449 308.449 Net Ix>ok ¥3 At 31 March 2025 392.277 382,305 2.946 21.362 798,890 At 31 March 2024 524.100 523.2( 4.459 28,631 1,080,396 13 Invèstm•nt prop•rty GfOUP & Chaty Total FJir volu¢ Ai 1 April 2024 Transfers Revaluation 251,185 498,815 At 31 March 2025 750,0(KI Nèt bool4 valu• At 31 March 2025 750,000 At 31 Marth 2024 Historical (x) 251,185 Thg drity$ inveslmenl propgrty has t)1 valued al £750.CKYJ In 2026. Fair value has been detennin using an lnrxjrr.bas8d approach. based on his10 rental Inme and esb"mated maTkel nl referefi to applieij to wrnparat)le Investment properh"es. The valuab.on was FwovK1ed by an indiv¥Jual experienced Ihe cx)nmeroal property sectsr. J1 witr no professional valuation qualif"¢. At the reporbng dale there were no sIFiLlIo on ablty of the chartyto realise Iho investsMnt property or remrt income and disposal pro$, and the had no LIal ot4igabon5 fLY the wth5e. devdLyTnent. repair, maintenance or enhancement of Ihe property. Scr8P$tore HoSe, Sevier SIeL St WertT9h$. 8nstol. 8S2 9LB is a three.$1(eY 0[rty. The Icwer 9round floor is fully let to third parbes. while Ihe ground an¢ first floors are pornIn8nyf0r the ranty's ovm charitatle activities. On Ihis bas15, the propety 15 treated as a mixed-use property. 25% of property value. repsenn9 Ihe prorx)rtron of floor area attributable lo the l(Mer ground floor, daSrIed as inv8strnenl property. and the femaining 75% d85sifd 35 owner-occupied wop8rty Vilhin langitAe fueil assets.
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 14 In¥•stm•nt• Shares in grwp undertaktngs ar parbcapaling iftterests Subsidlary Undertakings Total Cmt or ltIon At ? April 2024 and al 31 2Q25 100 100 DelaiLs of undertakin9S Country of Incorporatson Propowkn ofvoting rights and shares held 2025 Company nam• Holdlng Pflnclpal aclmty 2024 ageous CreatibE Lwnile(I England and Waes Ordinary 100% 100% Sale of art sorplies Year ended 31 Year ended 31 March 2025 March 2024 trag•ous Cre#ttNw Limit•d Tumover Cost ol sales 178.178 179,3251 164,521 182.2421 Gross yofft Adminave expenses 98.853 82.279 194,9031 173.3191 0rating profft 3.950 8.960 Intet payable an¢J sirndar charges Profft befor• tsxatlon 3,950 8.960 Tax charge f the ar Profit for the pgrlod 3.950 8.960 Relaird eamings broughl Irxward Less t1on"on to par8nt Chaity 10,402 110,4021 18.9601 R•t•ined earnings carried fOard 3,950 8,960 15 Sto¢k Group Charity 2035 2024 2025 2024 Stocks 48.089 47,034 27
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 16 Oebtors Group Charity 2025 2024 2025 2024 Due in less than one year: Trade deblvs Due from group undertakirwJs Prepayments and 8c(rned iThxJme Other debtors 28.897 73.497 10.402 21.423 28,897 64,764 29.054 893 73,497 50,071 21.423 29.054 893 58,844 105.322 123,608 144,991 17 Creditors: amouEts falling due with4n >ar Group Charity 2025 2024 2025 2024 IR•stat•dl 33.749 48.997 31.115 (Restated) 33.749 47.055 46,329 3,566 Bank loans Trade creditor5 Other taxation and Sonty Oth8r cr8ditors Due from group undertakings Accruals and defer income 13,033 58,595 7.468 5.639 13.033 56,939 31,104 5,639 10.402 139.856 106,611 105,356 138,681 191.346 267.685 212,071 269,360 Oohrred Income 2025 2024 (Restated) 104.121 115.526 1104,1211 At 1 April 2024 Resources deferred in the peric4J Amounts leaSe from prevtous peri(Js 115.526 82,038 1115,5261 At 31 Mar(* 2025 82.038 115.526 18 Credltors.. amounts falllng due after one Jwr Group Charfty 2025 2024 2025 2024 Bank ¢oans 77,634 89,768 77.634 89,768 The bank loans due wthin one 5Ear and after more Ihan one sear indthye a mortgage taken cKJl to purchase Scrapslore HcSe which is secured on the property. The rTh)rtgage is for 21 years aNJ t4) interest during the year of beh%ten 3.25% and 3.57% per annum. The amount due after than 5 years is £Nil 12024-. £42.7311. The MainIng loats amount is a 'Bounce Ba& Loan. taken oul in 2020, al an interesl Rte of 2.5% per annum. This knan Is unsÈtyJred and repaable by instalmen15 over 10 a¥s. 28
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEO 31 MARCH 2025 19 Reconciliation of r¥8t mtyMm•nt in fundj to n•t cash infiow from operntifig activilth¥ 2025 2024 IRestatedl 180,1871 Slatement of Finan(ial Athvthès.. Nel movewrwt tn fvrKIs Adjustrnents." Investment income DepreatiOn Increasel Ideueasel in OF*raiM)n uerjith: curr8nt (Incase ease in operational debtus Increase in stcKk (GaInO$S on invesbnents Loss on di¥xwl of fued assets 417,173 13,7401 39,372 155.fj231 46,478 11,0551 1498.8151 19531 36.593 42.067 122.8901 13,2721 3,826 Net cash (OuffiowThfio from operailng actlvltles 156.2101 124.8161 20 Analysis of chang•s Sn ush during th• 2025 2024 Changg Cash at bank and in hand 198.639 293.010 194.3711 2024 2023 Change Cash at bank and in hand 293.010 382.109 189.0991 21 kntysij ol ¢hany¥ In net debt Curr•nt 11 April Operating cash 2024 Ilows Investing ¢ash flows Flnancing cash 11 1 31 March 2025 Cash at bank and in hand Debt due wthin ar Debt due after rnore Ihan one year 293.010 133,7491 189.7681 156.2101 15.3111 132.8501 20,716 12,134 198,639 113,0331 17T,6341 169.493 156.2101 15.3111 107.972 Prlor>Yar At 1 Wil Op•raling ¢ash 2023 flows In¥estTrng cash flows Flnanelng cash flows Ai 31 Mor¢h 2024 Cash at bank and in hand Debt due Mthin year Oebl due after more than one 382.109 151.7581 1123.7951 {24.8161 112,2471 152,0361 18,009 34.027 293,010 133.7491 189.7681 Tol 206.556 124.8161 112.2471 169,493
CHILDREN'S SCRAPSTORE NOTE5 TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 22 Mowmenl In fund5 FN the ¢nd•d 31 March 2025 At1Wil 2024 Ineomè & galns Expenditure & 105$9 At 31 March 2025 Trnnsf•rs Re•trict8d funds Famify Arts Carnpaign Sustainable Play Project BCC HAF Winter Packs BCC HAF Capital Fund BCC HAF Stratsgie SupF 8CC HAF Delivery BYCA Fund Playful 8ristc4 General Restricted Furd Play Day BCC Play aThJ Ycth Grants 29th May 1] chantse Trust Ardagh Comrnunity Se5S19ft5 BCC Afghan Ghiklrèn & Families BCC HAF Easter & Sjmmer 24 BCC HAF Flayway Care Homes Athvity Packs Propd Childn & Ytyjng Petse Strategic Clothw%ykers Foundab"on Stacker Crèft Boxes Extra Sustainable Play K$harn Pop Up Nisbel Trusi Play Rangers 08sis Hub North Pack5 for Disadvantaged "d$ Super Sa[days Pot Yellow Wc(xJ Play Range (Restatsdl 9.305 365 1S,878 29.600 14.768 650 13,IXX) 125.1831 134.4401 114.7681 16501 113,(K)01 14,4751 2.568 13,¢J)01 433 433 1,(10 45.CX)4 1.000 7.225 9.000 21.456 2.450 379 13.064 7.320 5.356 2.(M)O 1.100 5.000 3.690 4.750 100 13.000 11.0001 145.0041 11.0001 17.2251 19.0001 121,4561 12.4501 13791 13.C641 17,2001 15.3561 12,0001 11.1(M)I 11.29)) 13,6901 14,7501 11(X)I 113,0001 120 3.750 12,671 219.7 1230.0651 2.396 Unrestrict8d funds Designaied Buikding fuThJ General funds 945.tffj8 201.610 498.815 819.936 128.2311 1858.0621 36,310 136,3101 1.451.962 127,174 1,146,678 1.318,751 1886.2931 1.579,136 To¢al fvnds Charity 1.159.349 1.538,541 11.116.358) 1,581.532 Artrageous Funds lnlerenb.ty transarjjons 178.178 1110,3051 1174.2281 101.345 18,9601 3.950 67.873 172.8831 3.950 Total fvFKls Group 1.168.309 1.606.414 11.189.241) 1,585.482
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENOED 31 MARCH 2025 22 Movement in funds (cOntimd) Restricted lunds Famity Arts Campaign . FuThJs rKeFved to SLSPWXt and (wrdinate the Famdy Arts nethork. linkiro bwih the other Ambassadors around Ihè cLyJntry with the aim of increasing of LWPOrtunity and diversty of audien. Su5talnablt Play Prolect- Funding receiwj tts pThK1e wtreach sessKJns. Ifair¥ng and supporl for non-play organisabons and sector support. BCC HAF Funds- Funds reced from Bn"st4 Cty Countsl to wowle Acknty packs and play sesstons lor eligible children. Srnall capilal resour. Fund$ also receNed for $upprxb'rwJ lh8 slrategy for Ihi5 pr(4rdffi. B YCA Fund - Funds INed for Fwviding W sessi$ fcK &12 r dds to support potsve acbwtses during May, Odober an February h81ftenn s(KKA ho"d8. 29th May 1961 Charrtal>le Trust- A Mu1._)aT conln'tyjbon lor Ihe proOn of packs io be delivered to diSaantage children. Ardagh Communlty Session$'. Fundiro lo suppyt the deliveryof rday ses5Tr0ns at Hillfielts Community Centr8 belween Octtsber to December 2024. Playful Brlstol Gén•nl R•strict•d Fund- FuThJs et1Ved to Ihe 0Ing of Baul Bristol, venue hire. neOr0. sha resour¢e5. Play Day - Funds received for the cwrdinabop and d¢lr¥ery of a Hay Day ¢d¢bratory ¢v¢nt 3t 3 locations in BFiStol in padnatship Playful Bnstd. Part of Natsonal Play Day. BCC Afghan Chlklr•n & Famllb•s - FundiThJ to support Ihe Alghan communths in Bristol to devekjp holiday activitie5 for children and ung people. BCC Play and Yoirth Gr¥nts- Funds receNed lor provisi 012 Flay ranger5 sessicJ5 perweek. Support Ihe development of play in North Bri$. East Brlstol Chlklren's Centrn S•ssions- Funds Iej for ddivering aY session in (Jdbury courts Children Centre. Chlldren Uvlng In TemporaryAccommodatkJn- Funds reiVed KKOVIS ofactiwty packs and play resources children living in temporary accommcéation. BCC Cl•an Air Zon• Asslstan¢• S¢h•mo- LoLI wvemrnont conkn"bub"on )d supwt t(Mards the puichase of a Clean Air Zone complaint vehides lo continue seNce provisv)n in Bn'5tol Cty Centre. Care Hom•s A¢tlvity Packs ProJ•ct- A camPan to reWe fur1ng (x)ntn"bJb"ons towards play seSsiS and aclivity packs In care homes. Childrgn & Young Pg0ple Strategic- FundirrfJ to oxjrdinate Childn & YTrJng People's Netrrk. Pla1 Bristd and Youth Work Iiance, and lo dev8k)p asse55or training for aY training course KKovislc. Clothwork•rs Foundatlon Stackgr. Fundiry Cx)ntrilIc loards the cost ofa new warthouse stathng machine to aid in the preparatson and delivery of scrap Marials. Craft Box•s. Campaign to recei¥e funding 0)ntribUtnS tovlards the rescKtrong. pacwing and delivery of actrvrty pack5 for the IcK81 community. Extra Sustainable Play- FundiThJ to suAYxt ad rneeils in the sector- delivery of Flay Way training course, *lditi'onal play sessims in Avonrnouth. and a shippirKJ container to house pY resour5 and equipment in Frome Vale. Keynsharn Pop Up- A contributs.on ttTrrd5 th8 set up of a'rA)P-up' ScTrpsth in Keynsham to Provide 5ustssnabl• craft rnat8ri81 opportunits'es. Nisb8t Tru$t Play Rangers- Conln"tKJtion towards supporbng Play RaJr sessions bringing FAay resourtes to children in communib.es tjuring temi b"me. 31
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 22 Mov8mont sn funds (¢onthu8dJ Oasls Hub North- contriJtKIn lowards the delNeryof ACCA Flay sessions during Ihe Ea51er and surntnèi holidays at Oasis Hub North in Avonm(yJlh. Packs for Old¥atag8d Kkls- Campaign to receNè funding contn"bults)ns iowdrds the sourarrfJ, production and delivery of activity packs for disadvanlaged thildn in the ktal MMunty. 5uptr Saturdays Pot- Campawjn to reiVe fvnding tribu1)nS towarl$ enhanciryj recUlng Super SabJrday evenb. Yellow Wood Play Rangtrs - ctn"bUtion 8rd3 suppNbn9 Play RavJer sessirms brir*JiThJ #Y reSrS to chilLIn in I1 corntnuniknes during term time. Deslgnated funds 8uilding fund - the trustees have set aside knnds repre5erttr. net Wk value of propety. le5S the value ol nK)rtgages secured on the property. For the year gnded 31 March 2024 At 1 2023 31 March 2024 Income Expfrndlture Tran5fgr3 IRestai8dl (Restattdl (Restatedl Rèstrlcted funds Family Arts CarnpaKJn Sustainable Play Project BCC HAF Winter Packs BCC HAF Capital Fund BCC HAF Strnlegic Support BCC HAF Oelivery BCC HAF Caprtal IndusN)n HAF Capilal Upshot BCC HAF Additsonal Training BYCA Fund Playful Bristd General Restricted Fund Play Day BCC Play at¥J Youth Gran East Bristol Children's Centre Sessths Children Livin9 in Temwrary A)mmI)atrOn BCC Clean ZO Assis&ncè Scheme 15.929 34,049 22.454 649 13.rA)o 12.018 1.000 3.227 2,450 1.800 432 3.000 20.942 7.200 6,0(KJ 16.6241 134.0491 122.4541 16491 113.0001 112.0181 11.0001 13.2271 12.4501 11.8001 14321 13.0001 120.9421 17,2001 16.0001 14,500} 9.305 365 365 2,568 433 433 148.650 1139.345 12.671 Unrestricted lunds Designated Buildiro Fund General funds 924.791 309.937 122.120 1917.6621 42,297 142,3971 945,068 201,610 851.732 1.234.728 851.732 1939,7821 1.146,678 Total funds Chartty 1.238.094 1.CKKJ.382 11,079,127) 1.159,349 Artrageous Funds Inter-enbty transactions 10.402 164.521 176.2941 1155,5611 65.892 110,4021 10,402 Tolal fun¢ts Company 10.402 88.227 189,6691 8,960 Total fund5 Group 1.248.496 1.088.609 11.168.796) 1.168.309
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 23 Amatysla of nd a•80ts boiwoen fun¢ts Group A• at 31 Mah 2025 Unre$tricttd De$lgnated General Funds Funds Restricted Funts Total Tangible ftxed assets Investrnenl prortY Current a5S8ts Current liabilils Credrtors ovw one year 774.582 750.0(K) 24,308 798,890 750,000 305,572 1191,3461 177.6341 2.396 303.176 1181,6271 114.7331 19.7191 162.9011 Total group 2.396 1.451.962 131,124 1,585,482 A at 31 Ilareh 2024 UntrICted 019nated General Funds Funds Restrkied Funds Total Tangible fixed ats Current assets CUnI liabilibes CdorS over one >eaf 1.047,306 33.09) 432.695 1237,1691 118,0461 1.080.396 445,366 1267,6851 189.7681 12.671 130,5161 171,7221 To¢al group 2.671 945.C*8 210.570 1,168.309 Ch•rity Unre5trieted Designated GEner•l Funds Funds Restricted Funt1s AS at 31 March 2025 Total Tangible fixed assets Investment protEty Investments Current assets Current liabilitses Creditors over? year 774.582 750.0 24.3( 798,890 750.000 100 322.247 1212.0711 177.6341 2.396 319.851 1202.3521 114.7331 19.7191 I62.1) Total charlty 2.396 1.451.962 127.174 1,581.532 As at 31 March 2024 unrestrjed De•4gnatsd General Funds Funds Rgstriciod Funds Total Tangible fixed assets Investments CUrnt assets Current liabiltt crt0[5 over one 1.047,306 33.0 100 425.330 1238.8641 118.0461 1,080,396 100 438.001 1269.3801 189.7681 12.671 130.5161 171,7221 Total charity 12.671 945,8 201.610 1,1 $9,349
CHILDREN'S SCRAPSTORE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 24 Related parti Dunr¥J the year, Ihe ¢harrty made th¢ fO1j lated party transxts"c¥is". Linden Accountants Limlted Linden Accountants Limited carry out trKxkkeoping Serv lor Iho dwty and are contrc41ed by K Foer. the CEO of the Charlty, and her immediate f8mily. DuriThJ the year, Linden Accountants provided seTrices totalling £68.425 12024. £68.9321 to th8 Lanty. Th8 charity charged rernt to Linden Accountants of £24,456 12024.. £23.8991. The arnount payable io Linden Accountants at Ih8 ar end totalled £6.849 12024.. £6.8371 and the amount re(ivable from nden Acxxunlanls ?$ £261 12024.. £2971. No amounts have been written off in the period in re$t of amwnts due to or fr(rn nen Accountsnts. The Charity has taken advantsge of the exempbon under FRS 102 secon 33 not to di5d05e transactions entije5, 100°h of whose Vong rights are vknolly con1roll by Children's scrapst0. EXp¢ for Ibe above. lhe are Th) reLated party transad.ons in a(klition io Ilxjse disdosed 1hrctrt the Iinancial stat¢m&nts. 25 Prior year reaktat•ment- G The fdlovmJ tatements are required due to a nmstatement in the r9wJnilion of mernber51Kp income. Thg irnP8rtof the changes are shown below". tysis by net assets As prebryousty Re$talod 2024 2024 Adlustment Tangible assets StopJL Debiors Cash ai bank and in haFMJ Creditors < 1 Cr8ditor5 > 1 iar 1,080,396 47.034 105.322 293.010 1232,7371 189,7681 1,080.396 47.034 105,322 293.010 1267.6851 189,7681 134,9481 Total net assets 1.203.257 134,9481 1.166.309 D91erred i¥hxne is the elefflt of the credEttys affeded. Funds total at year •nd As prevlousty stated 2024 Restat•d 2024 Adjustmgnt Restricted funds Unr851rictsé n5 112.6711 11.190,5861 112,6711 11.155,6381 34,948 Total funds 11.203.257) 34.948 11.168,30 A5 prevÉously stated 2023 Res¢ated 2023 41justm•nt Restricted funds Unrestricted furKIs 13,3661 11.277.630) 13,3661 11,245.1301 32.500 Total lurKIs .9961 32,500 11,248.496
CHILDREN'S SCRAPSTORE NOTES TO THE FINANcL STATEMENTS YEAR ENDED 31 MARCH 2025 25 Priof year r•s&item¢nt- Group {contin¥•dl Ineom• and •xp•ndllur• As pr•vlously ststed 2024 Restated 2024 41justment Ineomè from charltable activib Membership subscriptions 65.539 12.4481 63.091 35