REGISTERED COMPANY NUMBER: 02698820 IEngland and Wale81 REGISTERED CHARITY NUMBER: 1010231 theT tsesa Unaudlted Fin nclal S tements for the Year Ended 3 arch 2025 rin board Chi nha Monahans Chartered Actounlants 14a Forest Gale Pewsham Chippenham Wiltshire SN15 3RS l)oard Chi enham Contents ofthe Financial Ststements forthe Year Ended JI March 202S Pago Report of the Tru8tee8 Independent Examinerfs Report Statsment of Financlal Actlvltles Balance Sheet Notes to the Financial Statements 10 to 19 board Chl enham Re ort of the Trt￿tee8 he YgarEnded 31 March 2026 Tha Irustses who a￿ also d1￿CtOrS of the charity for the purposes of the Companle5 Act 2006, Present thelr report with the financial statements of the ¢harlty for the year ended 31 March 2025. The trustees have adopted the provisions of A¢countiny and Reporting by Charilies.. Statement ol Recommended Practic£ 3ppli￿ble lo charities preparing their ac￿Unts in accordance with the Financial Reporting Standard appIl￿ble in the UK and Republic ot Ireland IFRS 1021 leffedlve 1 January 20191 OBJECTIVES AND ACTIVITIES Maln objecllves of Sprlngboard he objects for which the Company is established are to provide safe and stimulatlng group play for the adv8ncem2nl and educ21ion of children with spec4al needs of pre-school age in North Wiltshire and for the support of the parents. carers faMI￿8S by the provision of advice aThJ infr)mation.' Spbingboard is dedicated to offering a high-quality car8 and learning environment that meets the unlque needs of children aged 0-5 with special needs to leam through play. The managemenl commthee aIrr￿ to achieve these oble¢b"ves by providing high quality faclities and highly skilled, qualified and trained staff. Stratsgfes lo achlev& our objectlves n includes.. SpeLaali81 pre-school sessions are offered for children aged 2-5 years. A dedicated slay and play" grDUP is availab￿ for children aged 2 and under, alorrfJsKle their parents or carer8, ort servi Advice and infomation to all parenls and carers. Both onsite and offsite support is provided lo mainstream settings to promote the indush?n of chddren with speaal educational needs and disabiltties ISENDI. Multi- enc Collaboration.. The charity works closely Nwth variou8 professionals le.g., health visitors and ther￿iSts) to o)ordinale support and ensure eady inlervenlion. Child A88essment and Outcomes.. Children'8 progress 18 assess8d using the Earfy Ye*s Fovndalion Stage IEYFSI frameworf( with IndNidual plans that are reviewed al regular SEND meetings. EYFS fia ework and the ke elevnents.. The EYFS provides a structured way lo monitor and evaluate leaming and development across various areas. suth as communication, physical and cognibve skills, and social*motional growth. Each child's progre55 is assessed agawisl the developmonlal MI￿toneS defined vrilhin the EYFS. Individualised Flans.. Every chlld tpc*ives a perBon81ised plan talored to their unique needs. This indivKlual approach ensurps that th& support p￿vided is spechfc, tlmely, and effectwe for each thild. aiming to foster Ih8ir full potential. ular Review Meelin Progress is iegulady reviewed in SEND rnegting& Th85e meetirgs bring togetherthe chikl's ne￿0th, induding parents, carers, and professionals. to discuss progress, share observations: and make any necessary adjustments to the child's support plan. This coilaborative approw* not onty keeps parents infomietl but also ensures that any evofving nèed8 are swiftty addiessed. and Intervention.. By continuously assessing progress and [r￿ing ind(vidualised interventions, Springboard can identify and support deveiopmental concerns as earfy as possib18. This proactwe strategy helps in ensuring positive. lifelong outcomes. Page 1 board Chi anham Re ort of the Trustee8 for the Year Ended 31 March 2025 08JECTIVES AND ACTIVITIES Public beneflt The tru8tees fdlow the Charity Commission's guklelknes frun the Charities Ad 2011 to ensure tt￿t 811 actI￿￿e$ delwer a clear public benefit. There Is an ongoing cyde of monitodng and ¢onllnuous improvement aimed at makirKJ a signlfie4nt diff*rt￿ lo c*ildren and their families, ultimately supportlng soclal inclusion within local communities. External Valld Springboard was rated 'Outstandlng' by Ofsted in the February 2022. The overall quafity of servlce is reflected In Springboard's Otsled report, indicating that our melhods of assessment and inteNention are both effecive and recognised at a national level. Thls robust framewolk guarantees that every child's development Is ¢103ely monitored and nurtured, providlng a comprehensve support system that evolves vrith their need8. ce with National S nd rd and Le Springboard alKJns its Strateg￿ ￿ryth the guKlelines proviled by the Charity Commission and operates under fhg Gharilies Act 2011. This means that every plan, progr￿n, and priority is designed not only to SUPPOrt individual benefi¢laries bul also lo meet the legal standards required for demonslrabng public ￿nefit. The tN$tees regularly revlew all activities to ensure thgy contribute meaningfully to th8 advaTr￿Ment of children's welfare and to the broader community. Dlrect and Tan ible Benefits to Servic* Users At its core, Springboard is dedicaled lo supporting children with speaal needs and their families. The servicgs.. from speCial￿d pr&school sessions and stay-and-play groups to Gomprehensve indiyidualised leaming plans, are evldence-based practI￿S aimed at nurturing deY&lopmenl. By assessing each chikj's progress with tools like Ihe Earfy Years Foundation Stage IEYFSI framework, Springboard creates measurable. posibve outcomes that diroclly enhance Ihe liv88 of th? thildren arKI prgvido ¥upport to I￿r familie8. Broader Societal Im ct arKI Sooal Ca The public benefit is not limitsd lo our chiklren and their families.. it exieThJs to the wider ccffimunity. Spriruboard's activities strengthen social capital by ensuring that children vmth disabilibes and thew faMil￿S are included in their local communrf*s. This inclusive practice has a dual LEnefit'. provides our families a sense of belonging in their local community 8nd, on a larger scale. delivers both monetary and so￿al relutns. For example, earty intervention can lead ID better long-t8mi educational and so(aal outo)mes. reducing luture dependency un servK*8 8nd conlributing to a more indusive society. Conlinuous Im rovernent and Outcome Monitorin An integral part of demonstrating publiG benefft B showing Ihat Springboard B meetir¥J genuine needs within our community. and needs that are not being mel by other servi￿S. Sprfngboard regularfy monitors how each actbvity benefits children and I￿1r familles, using fee(fback to ayapt a￿1 refine its services. This ensures that provision is never slalic but evolve8 in step with the changing needs of our children and families. This ¢ommitsnent underpins lh& ¢harity's cydè of ci)ntinuous impn)vemenL Like many charities, Springboard offets enhan￿d and additional servI￿S whith fall outside the scope of statutory fundlng. Through ongoing reviw and 1houghtful refinement, the Charity ma￿tainS hwh standards and ensures that 118 impact remains both substantial and far-reaching. Multi-A ellc Collaboration Springboard work8 Within a multi-agency framework. This collaborative approad) enriches the support System available lo children and families, enhancing Ihe overall public benefit. These partnerships enable the sharing of b9sI practicts acros8 fi8k15 and arn￿lfy the impad ol Springboard's educalional and 8wortive servw. thereby exte￿ling th8 ben8frt5 lo mainstream sellings and the community at large. In essence, Springboard's public benefit combines Comprian￿ wtth legal standards, a C￿mmItin8n* lo immediate and measurable improvernents for it5 bene￿C#arles, and an und&TStanding that the banefits of our work have a ripple effect, enhan¢ing community cohesion and social well-being. This multira￿ted approach not only meets the legal requiremenl for publ￿ benefit but also L4ys the foundation for posilive, lifelong IAItUJrn8s for the thildren and families they serve. Page 2 board Ghl nham ort of the T stees for the Y8ar E ded 31 Ma 026 ACHIEVEMENTS AND PERFORMANCE Charitabl8 actlvltles There are some achievements to cdebrate: Our S8Tvice Level Agreement (SLAI with Wltshire Council (WCI was sel lo expire in August 2024. WC issued a tender for a new 10-year contract. Springboard utilised this opportunity lo condvcl a comprehensive review of servicès offered, the Irequency and by whom. We are p￿aSed to announce Springboard was Successful in the tender proG&ss and has 8ecured th$ new contract, ensuring some stability for the next decade. New staff As part of the new lender requirement3, Springboard has updated its Staff stnjclure. Introducing several new ro198: Executlve Dlrectrjr.. A Btrategic role focused on overall leaderyJhip and direclion. SEN (Speclal Educatlonal Needsl EY (Eaty Ye•r5Tr Manager.. Responsible for oYerEeeing playroom staff and CU￿uluM development. Inclusion Support Manager IISlJll.- Provides 8UPPOrt lo Mainst￿aM pre-sc*ool settiThJ8 and childmindeT8 in North Willshire, promoting Ihe inclu8ion of SEND (spe￿al Educatit)nal Needs and Disabilities) children. Charlty Flnance Offl¢er'. Thi8 role has evofved inlo the Charlty Buslne5s Manager to Eettsr refi8cl its a¢xountability and respOn￿bIlItieS. Adrnln A88i8tant'. Now Irt1￿1 Famlty Admln Coordinator to more ￿LUratelY represent the role. Charfty Flnanc8 A88IBtant'. Renamed Buslness Support orricer to better descri)e th& p05itM)n¥ duties. Durin thefi al ear S board ro¥￿Jed. Pre4chool Placoments.. on avgrage 77 plawents eath week for chiklr8n over the age of 2, attending 5 hours a d8y without their parents. Stay and Play Stsslons: 38 sesslons for parents *ith Ch￿d[gn aged 2 years and under. Playdates= 16 stay and play groups during non-lerni lime and weekends. Workshops.. 10 workshops for pa￿nIS and professionals on approathes 8uch as using visuals to aKJ communication. Cuppa and Chat Ses8ions.' 30 sessions for pa￿￿ts and carers. - what differe does S rin board make.. Prn*chool Attendance: 112 children attend8d the pre4chool for at least 5 hours per week durirvj the financial year. Addltional Support: Sprtngboard supported 18 additional children not physically atlending our pre-school. Thi5 would be a combinelion of attending mujb. agency meetings for the child or visiting their mainstream sejlling to provide support stratsgies. Pre-school HouTr Provlded: 14,915 hours of pre-s¢hool care during the year. Parental support: 20,225 staff hOU￿t0 support parentslcarers. Child.Centered Meatings: Attended 221 meetings focused on indivhjual chikjren. Visits to Malnstream Pre-s¢hools'. Organised 31 visits with local mainstream pre-schcolg promoting strotegies and incluwon_ Inv menl in staff.. Tralnlng and Development.. HlglTty skIl￿d and confident playmom team. offi￿ staff attend ttaining and fornms to ellha￿￿ business management actFvilies. BuslnÈs$ Plannlng.. Focus on developing services, sustainabiltty, ptanning for grdnt application81fundralslng. and personnel poliGies and pr0￿dureS. Volunt88r8 Without Ihe support of many volunleers and helpevs. Springboard woukl not be able lo provide the servi(3 that it doe5. Volunteers aro in short suppty but are vit81 lo deliv8nng the charity's rt)jectives. As 8 C￿Mittee we rew9nise the ethallenge of tecruiling volunteer3 and see this as an area for consideralK)n. We continue to k)ok al ways in which we may be able lo recruit new volunteers for the management c(¥nmiitee. Page 3 board Chl enham Re ort r the Year Ended 31 March 2 CHALLENGES Natonally, the early years seGtor is underfunded, resulting in staff being paid cl.ose lo the minimum wage. Wth the cosl of Iwing at an all-time high, rerxuiting staff into the industy ha$ become increasingty challenging. While Springbrjard values its qualtfied staff and offers higher pay than many mainstream settiNJs. there compelibve pressures from other secaors who are offering hvJhgrwages. making the retention ol our skilled staff a priority. The finanaal impa¢t of increases to the National Minimum Wage and Employers Nath'onal Insurance has been significant, Thes? increases are not aligned wth the incorne rec£ived from either the S8rvré Level Agreement with Wlishire Coundl or Earfy Years Funding. Rlsk management The trustees havp a duty lo identTfy and review fhe risks lo thich the cfrarity is exposed and to ensure appropriate oontrols are in place lo provide reasonable assuran￿ against fraud and error. The Iruslee$ are responsible for ensuring the charity's assets are safeguaftled wJain8t unauthorised use or di$po$llon and for ensuring SpriTrJboard complies wrth all the relevant law3 and regulations. Plans for th• future Sustainability is key for Springboard. The need to ￿lleW expendtture and inttgme wryll remain crutX81 due lo the increased ¢osts caused by the National Minwnum Wage and Employers National InSUrdn￿ rise. espec181￿ al the start of the SLA, with costs expected to ri8e overlhe nexi 10 years. In line vith regulations Trust￿ will update the environment and climate pbn. FINANCIAL REVIEW Res•r¥és and financial oontrnl Considering the statulory funding shortrall from previous year5 and based on the current economic dimate, the trustees decKled to set aside 3uffldent funds to ¢over up to slx months operatlng ￿5t5 {a5 ￿MmeNded by the Gharily Commission). This reserve would be used to supplement monthly Cash Ilow shortages. It is the twslee's intention to keep th8 operating reserve al approxirnaiely this level lo protect the chartty from thangeg in (xjre wsl funding and to cover any potential obllg81ions. This reserve would be used to minimkse the impact upon Ihe children during the tran&tlDn period. The re8erves have been increased to £145,CKIO. which 18 equivalent lo approximately 4 months operating costs. At the yearend date Ihere was £95,599 of general unrestricted in a¢*Jitlon to thts operating reserve. In response lo increases in the NatlODal Minimum Wage and National Insuran(* Contribulions. Springboard has cautiously strengthened its reserves and built up unreslricted funds. This strategic appn)aGh ig designed to safeguard the charty against rising operational ￿$ts and the delays often associated wrfh securing grant funding. This reflects Springboard's commitment to long-tenn sustainabifity and responsible ￿anc￿￿1 manag￿ment. A rolling three-year plan and annual budget are prOdU￿d for eath financial year. against which athjal performan￿ is onlinualty monitored. At the regular meetings of the management committee the Perf0Tman￿ against budget is di5GU5sed, alongside cash fiow. suffI￿ent controls and systems are in Pla￿ to ensure the security and efficient use of the chadtys assets. The resetves will be kept across several savings aoyx)unts lo keep below the threshold of £85.000 and therefore try to minimisè any risk of fvlure k)$8es if the bank (x)Ilapses. All trustees gNe up their time freely and no ￿m￿neral10n was paid In the year. No In￿lee re¢eived any benefit. Tru81ees an claim out of pocket expenses to be reimbuTSed at cost pri￿. or alternatively the trustee can choose to donate the C08t of the expen8e lo our charity. Expenses are ￿1MbUrSed as per the policy and guidelines. wrth a view to ac￿sIng volunteers from all ba(*ground8. As an employerthe charity pays tax through the national 5ftsurar￿ c￿ntrIbutIOnS we make. Page 4 board Chl nham ort of the TNstees forthe YearEnde h 2026 SpringtK)ard utilises 4 voriety of funding streams to promote sustainability. these inclu(k fundraislng events, donations, grants, and ils contract wlh Willshire Council. In addition, Springboard. Ike other early years provider8 can c181m univeTsal funding such as Early Years Enlilemenl fijndlng f+X 3 and 4 year olds and eligib￿ 2 year ohjs. Early Years Pupil Premium IEYPPI and Disabilty ALX8SS Funding IDAFI. In the last financial year Springboard was fortunate to receive seveRI grants, which he￿ed with the financlal suslainabilily of the charity and oVerC(￿e some of its fundralsing Ghallenges. FINANCIAL PERFORMANCE AND OVERALL FINANCIAL HEALTH The current economic and public sector funding situallon 1$ expected to remain chaMeNJiw for 80me Ilme lo come. The market 18 increasingly compebfive for grant ap￿icatiOnS and funding. This financial year followed a farniliar pattem: however, Springboard Game close to breakiThJ even. with a mDdest shortfall of £431. Over r8Lxnl years. SpringboarKI has consistsntty demonstrated its ability lo delivervalue4riven, c051*ffeclive Servi￿8 STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Statu8 Springboard is incorporatsd as a company limited by guarantse and is registered wlh the Chaiify COMMI￿10￿ as a Gharrty whose purpose is to support pre-8chool thildren wrth special needs and their parents. In setting our objectives and pLgnning our activitres, the trustees have duly conshlered the Charity Commission's guid8nce on public ben8fif. STRUCTURE, GOVERNANCE AND MANAGEMENT Organisation The Charity is managed by a ma￿￿ement committoa. from this group, a Chair, Vice Chair, Trgasurer and when appropriat& a Company Secretsry are chosen. It ￿ govemed by its A￿cleS of Asso¢iation dated July 2019 and by its Memorandum ofAssociation dated Sept 2022. The Memorandum of Association s&ts out the charitable purposes for public benefit.. to provide safe and 81irnulatsng group play for the adVan￿rne￿t and edLtca1ion of thildren Trmth special needs of pre-sohool age in North Wltshire and for the swport of the parents. carers. and families by the provision of advice and infomalion. Trustees are elected by Members of Ihe Company at the Annual General Meeting. Trustees are appointed IDr a term of three years, after which they are eligible for reoleGtion for a second lemi of three years. After iwo conse(xtlive tenns twstee musl r8-sign for a minimum period of a year. All trustees are required to ag￿e to a code of conduct, suitability. and DBS the¢￿. to complete an Induction programrne online Safeguarding and Cyber Security training. There ig a nomiTra￿l tru5kn for Safeguarding. Page 5 board Chl enham Re ort of the Trustees forthtr Year E REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 02698820 (England and Wale8> Reg16tered Qharity numbor 1010231 R¢ght¢red offlce King's Centre Lodge Road Chippenham Willshi SN15 3SY Trustegs Paul Richard LDveday - Tr&asurer {resigned 14.11.24) Elaine Susan Stewart- Chair from 14.11.24 Jennifer F$rgu8on {re3igned 14.11.241 Jessica Kalhenne Light Christopher Terenc£ Nunn- Chair until 14.11.24 Paul George Sweel Angela Ev&rett .1 Hawkins- Treasurer from 14.11.24 Yasmin Louise Hanley And&rson (appointed 14.11.24) Company Secrntsry Anne Farrell Independent Examiner Simon Cooper, FCA MDnahan5Charlered AGGountsnls 148 Forest Gate Powsham Chippenham Willshire SN15 3RS Approved by order of the board of Imstees on ... .. . and S￿ned on its behall by.. Anne Farrell - Secretary Page 6 Inde ondènt Examlnerf$ Rp board Chi ort to the Trustses of enh Independent 8x2mIn8￿$ report to the tnrntees of Springboard Chlppenham I'the C1)mpan￿} I report lo the charity Iruslees on my examination of the accounts of th8 CompaTW for the year onded 31 Marth 2025. Rasponsibilities and basi& of report As the Gharily's trustees of the Company land a&0 its directors for the purposes of company lawl you ar8 r8sponsible for the preparation of the a¢￿Unts in a￿ordanCe with th& requirements oflhe Companies Act 2006 {'Ihe 2006 ACYI. Aaving satisfied myself that Ihe accoJnts of the Company are not required to be audited under Part 16 of the 2006 A¢1 and are eligible for independent examination, I report in respect of my examinatr)n of your charity's acr￿ullts as carried out under Section 145 of the Chattlies Act 2011 Iyhe 2011 ACVI. In carrying out my examination I have followed Ihe Directions given by the Charity Commi86N)ll Ufmler Section 145151 {bl of 2011 ACL Independent examlnerf8 Statement sin￿ your charily's gross income exceeded £2S),000 your examiner must be 8 member of a listed b(NJy. I can o)nffimi that l am qualified to undertake the examinab'on because l am a member of the Insb"tLrte of Chartered Accountsnls in England and Wales, whlch is one of the listed bodies. I have completed my ex8mination. I confirni that no mattors have (J)m8 lo my attention in connection wilh the examination givng me cause lo believe". account'ng records were not kept in respect ol tho Cornpany as r4uired by Secbon 386 of the 2006 Act., Dr the accounts do not aC￿[d wlh those records,. or the accounts do not cornply Mlh the a¢x¥unling requwements of Section 396 of the 2tKJ6 Act other than any requirernent that the a￿Unts give a twe aThJ fair view which is not a matter considered as part of an independent ex8mlnation', or Ihe accounts have not been prepared in accordan￿ with the meihrKls and prin￿pIeS of the Slalemenl of Recommended practi￿ for aixounting and teporting by charitie$ (applicable to charities pr8paring their accounts in aCCOTdance WTth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no conrAms and have come a(xoss no otFw rnatlers in connection with the examiiation to which attention sI￿uld be drawn in thi8 report in order to enab￿ a proper und2rstsnding of the accounts to be reached. Simon Cooper, FCA Monahans Chartered Accountsnts 14a Forest Gale Pewsham Chippenham Willshire SN15 3RS Dale: . Pag8 7 board Chl enham Statement of Financial Activitie oratln an Income and Ex nditure Account d 31 March 2025 Inco 2025 Total fund5 2024 Total nds Unrestricted fvjnds Restricted funds Notes INCOME AND ENDOWMENTS FROhl Donalians and legacies 70.718 70.718 53.140 Charitable activitie8 Charitable 8eNices 228.108 38.195 266,303 257.763 Other trading activitles Investment Income 42.694 42,694 23,926 Totsl 382,661 337 737 EXPENDITURE ON Raising funds 4.336 4,336 2.573 Charltsblo acllvltl88 Charttable 8ervices 323.839 378.746 331.869 Total 328.175 S4,￿7 383,082 334,442 NET INCOMEI{EXPENDITUREI Tran8fer8 between funds 16,281 907 {16,712> 14311 3.295 18 Net movement In funds 17.188 (17,6191 1431) 3,295 RECONCILIATION OF FUNDS Total bjnds brought forward 237.759 18,164 255,923 252.628 TOTAL FUNDS CARRIED FORWARD 254.947 545 255,492 255,923 The notes form part ofthese finanaal statements Page 8 S rln board Chl enham isl•rod number: 02698820 31 March 202 2025 2024 Notes FIXED ASSETS Tangible assets 13 14,903 19,862 CURRENT ASSETS Debtors Cash at bank and in hand 14 8,687 269 457 12,911 229,424 278.144 242,335 CREDrroRS Arnounls falling due wtthin one ygar 15 {37,5551 16,2741 NET CURRENT ASSETS 240.589 238 061 TOTAL ASSETS LESS CURRENT LIA81LmES 255,492 255,923 NET ASSETS 255 492 255,923 FUNDS Unrestricted fvnd8 Reslricled ftjnds 1B 254,947 545 237,759 18,164 TOTAL FUNDS 255,492 255 923 The charllable company i8 enlilled to &xemplv)n from audit under sect￿ 477 of Ihe Comp8Nes Act 20C6 for the year ended 31 March 2D25. The members have not required the ￿lI?panY to oblain an audit of its finandal statements for the year ended 31 March 2025 in accordance with Seciion 476 of the Companigs Act 2006. The trustees ad(nowledge their responsibilrlles for la) ensuring that the Charrtab￿ company keeps a(￿￿￿tIng reL￿nIS that comply wilh Seclions 386 and 387 of the Companies Act 2006 and preparing finanaal slalements which gNo a true and fair view of the state of affairs of the charitable company as at Ihg end of each financial year and of its sU￿lUS or deficit for each financial year in accordance with th requirements of Sections 394 and 395 and which otherwise cornpty with th& requirements of th8 Companies ArA 2006 relating to financial statements, so far as applicoble to the tharitable company_ Ibl These finaneAal 8tatemenls have been prepared in a(£a)rdance vrilh the provisions appli(*ble to Charitab￿ (x)mpanies Subject lo the small companies regime. The ffnanaal statements were approved by the Board of Trustees and aulhorised for issue on and were signed on it8 behaff by: Elaine Su8an Stewart- Trustee Kit Hawkins- Tr The notes fomi part of these finanaal stalgments Page 9 oard Chi enham te8 lo the Financlal Slatsments forthe Year Ended 31 March 2025 ACCOUNTING POLICIES Basis ol preparing the financial slatem•nts Springboard Chippenham is aFb In￿rpOrated charity regISte￿d in England and Wales. The principal address of charity is given within tho referen￿ aThY administration details on page 7 of these financial slalemenls. The nature of the chaiity's operations and principal acaivitEs are provided in the Report of the Trusteeg. The charity DJn51V(ute5 a public benefft entity as defined by FRS 102. The fina￿al statements have been prepared in accordance with Ac￿Unting aNJ Rew)rting by Chanties.. Statement of Recommended PractKe appliG9ble tD charrties preparing their acujunts in accordance with the Finan¢ial Reporting StandarLI appIl￿ble in the UK and Republlc of Ireland {FRS 1021 issued in Oc*ober 20191. the Flnancial Reporting Standard applicable in the Unrted ￿ngdorn and Republic of Ireland, the Chafilie5 A¢A 2011. the Companie8 Act 2006 and UK Generally Accepted Practi￿. The finand81 stslemenls are prepared on a going concem basig under the higtorical cost convention, mc¥alfied to include ￿rtain Items al falr value. The financial statements are prepared in sterfing which is the functional currency of the charity and rounded to the nearest £1. The significant 8c£ounting pollc4es applEd in the pteoaratlon of these finanu818lalements are sel out below. These policAes have been co￿stentIY applied to all years p￿sented unless otheNise slated. Golng ¢oncern The financial statements have been prepared on a goiThJ Mncern basis as the Irustees believe that no material un￿rtaIntleS exist. The trustees have considered the level of funds held and the ex￿cted level of income and expenditure for 12 months from authorising these financial statements. The budgeted inoome and expenditure is sUffic￿nt with the kvel of reserves for the charlty lo be able to continue as a going concem. Income All income is recognised in the Statement of Financial Activities On￿ the charity has enlitlement to the funds, il ' probable that the income will t* recetved and the amounl be measured ￿lIa￿ty. For donations to be recognised the charity will have been notified ol the amounts and the 8ettlement dale in writsng. If therg are conditions attached lo the donation and this r9quiros ¥ lèval of parfomiancè b6fo entiuement Gan be obtained then income deferred until those ¢ondilions are fully mel or the fulfilment of Ihose condllions is wthin the control of the chaiity and it is probable that they wll be fulfflled. Donated facilities and donated professional se￿I(*S are Tecognised in inGom8 al their fair value when their economiG benefit is probable. it can be measured reliably and the tharity has contToI over the item. Fair valu& is detsThined on the basis of the value of the gift lo the tharity. Foi exaTnple the amount th8 charity would be willing to pay in the open mathet for such facilities and SeN￿s. A coire5PDnding amount is r8cognised in expenditure. The accommodation and faalilies from which the chaiity operates ar8 provided al a discounted rent. the matkel value of which has bgen assess￿ as £17.250 per annum. Stsrting September 2019 an annual rent is pald of £5,775 for additional Spa￿ in the same accommodation and facilitie5. In aL￿rdance with the accounting pdicies the tent free element has been induded as both a donation and an expense. Income from grants Is reco9nised at fair value when the charity has entitlement after any perfomance condbtK)ns have been met, rt is probab￿ that the income will be rer£1V￿ and the arnount can be measured reliably. If enlillement is not rnet then these amounts are deferrEd. Income from Irading activrties includes income eamed from fvndraising events and trading a¢tiVit￿S to ralse funds for the charity. Income is received in exchange for supplying goods and services in order to raise fvnds and is recognised when entillemenl has occurred. ExpendlturE Liabilities are reo)gnised as expenditure 89 soon as there is a ￿gaI or o)nstNctiv& obligation cc*nmitting the charity to that expenditure, it is probable that 8 transfer of economiG benefits w￿11 be ￿quired in settlement and the amount of the obligation can trR measured reliably. Expenditure is a¢￿Unted for on an a￿rualS basis and has been dasslfied under headings that aggregate all relaled to the ￿tegOry. Where costs cannot be directly attr6bLrted lo particular head￿g5 they have been allocated lo activities on a basi8 0)nsistenl with the use ol reSoUr￿s. Tanglble flxed assets Depreciation Is provided at the followng annual Tates in order to write off each asset over its estimBled useful life. Plant and machinery Fixture8 and fittings Computer equipment 25% on reducing balan 25% on straight line basi8 25% on straight lin8 basi5 Page 10 boanl Chl nham oles to the Financial ments . con for the Year Ended 31 Ma 2025 ued ACCOUNTING POLICIES - contlnued Tangiblg fixod assets Flnanclal Instruments The charity only holds basic financlal instrum8nts as defined in FRS 102. The financ4al assets and finan￿￿1 liabilities of the charlty and ther measurwnent ba515 are 85 follow8.. Fin trade and other debtors atE b88ic financial inStr￿ents and are debl instruments measured at arnortlsed cost as detailed in note 14. - is classified as a basic finandal Instrument and is measured at fa¢e value. Financi81 liabilities - trade oreditors. a￿nIalS and other cr￿lit0￿ are financ#al instnjmenls, and are measured al amDrtised cost as delalkd in note 15. T8￿￿10n and 5¢Xkg18ecurity are not induded in the finan¢lal In31ruments disclosure definition. Taxatlon The charity is an exempt chaity ￿thin the m89ning of 8Ghedule 3 of the Charit￿8 Act 20118ncl Is con&dered to pass th& te$l$ sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meet8 the definrtiDn of a arrtable ￿MpanY for UK ¢orporation tsx puwposes. Fund accountlng Unrestricted fund8 can be used in accordan￿ wth the chaiitable obiecliyes at the (Ji5cretion of the Iru91ees. Designated fvnds ¢omprw unrestricted funds thal have been set aside by the trustees for Part￿ular purpose8. Th8 aim and use of e?Gh desKJnated fijnd is sel out in the notes to the financial statements. Restricted fiJnds can only be used for part￿lar restrbcted purpose8 wilhw) the obje¢(s of the charity. Regtrlctions arise when specified by (he donor or when fijnds are raised for particular restricted purposès. Further explanation of the nature and p￿￿OSe of each fijnd is inc1￿￿ed in the noies to the financial statemerts. Pension cosls and othor post-rotlrement benellis The (*barttable company operates a defined contri1￿￿0￿ pension scheme. Contributions payab￿ lo the charilable company'3 pension scheme are charged to the Statement of Financial ActNities in the Feriod to which they relate. DONATIONS AND LEGACIES 2025 2024 Donations Gift aKI Donated seNces and facrlities 42.422 8,158 20.138 27,653 8,237 70.718 53,140 OTHER TRADING ACTivrriES 2025 2024 FUndraI￿ng events 23,926 Page11 board Chl nham In ments - continued for the Year Ended 31 Marc INVESTMENT INCOME 2025 2024 Deposlt account internst 2.908 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Ch8ritable se￿I￿S Charitable seNices Contra(*ual paym8nts Grants 119.011 147 292 75,442 1 $2,321 2S7 763 RAISING FUNDS Other tradlng activities 2025 2024 Fundrnising and publi(ity 4.336 2,573 CHARITABLE ACTIVITIES COSTS Support costs (see note 81 Dlrect Cost8 Totals Charitable services 378,746 SUPPORT COSTS Governan costs Management Totals Charitsble serVI￿S 88 3,315 NET INCOMEIIEXPENDITURE) Net incomellexpenditure) is stsled after thargIn￿liXedltlng}'. 2025 2024 Depreciation - owned assets Deficit on disposal of fixed assets Independenl examinerfs fee 5.778 88 3,408 8,240 3,156 10. TRUSTEES. REMUNERATION AND BENEFITS There were no truslees. remuneration or other benefits for the year ended 31 March 2025 nor for the yeaT ended 31 Marth 2024. Trustees, expense8 There were no 31 March 2024. trustees, expenses paid for the year endgj 31 Marth2025 nor for the year &nd8d P•2e 12 board Chl ènham Notes to al Statements - continued for the Year Ended 31 March 2 11. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 270,672 12,913 230,100 8,611 302 236 253,947 The average monthly number of employees during the year wa$ as follows.. 2025 16 2024 16 Number of staff No ernployees receThfed emoluments in ex(ws of£60.000. Key managernent personnel Trmunerdtion The total amount of employee benefits re(%ived by key managemenl personnel is £137.751 12024= £124,525). The charity conside￿ its key management petsonnel compris& the trustees and the Manager. Deputy Managers and Bu￿neSS support role3. 12. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Unreslricted funds Restricted fvnds Total funds INCOME AND ENDOWMENTS FROM Donations and *acEs 53,140 53,140 Charltable actrvltles Charitable services 192.380 65,383 257,763 Other trading activilles Investment income 23,926 2,908 23,926 Total 272,354 337,737 EXPENDITURE ON Raising hJnd$ 2.573 2,573 Charftable actlvltle8 Charitable 8eNlce8 233.288 98,581 331,869 Total 235.861 334,442 NET INCOMEIIEXPENOITURE) Trdnsfers betweftn funds 36,493 1.498 133.198) 1,498) 3.295 Not movement In funds 37.991 {34,698) 3,295 RECONCILIATION OF FUNDS Total funds brought forward 199.768 52,860 252,628 TOTAL FUNDS CARRIED FORWARD 237 759 18,164 255.923 Page 13 board Chl nham Notes to the Financial Statements - continue or the Yo 1 March 2025 13. TANGIBLE FiXED ASSETS FixtUTes Planl and machinery Computer equipment frtlings Totals COST Al 1 AprFI 2024 Additions Disposals 129,403 )7 24, 22,936 176,435 907 6,923 5.9721 At 31 Marth 2025 129.359 24,0 16.964 170419 DEPRECIATION Al 1 April 2024 Charge for year Eliminated on di¥)os 113,167 4,264 863 23,823 91 19,583 1,423 5.9721 156,573 5,778 Al 31 Marth 2025 15.034 155516 NET BOOKVALUE At 31 March 2025 12.791 182 1,930 14,903 At 31 Mar(* 2024 16,236 273 3.353 19,862 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debto Prepayment$ and ae£rued Inrnme 550 1,237 8,687 15. CREDfTORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2025 2024 Trade C￿litorS Social s8Gurity and other taxes other Gredilors Accruals ané deferred income 1,805 4,440 3,409 27.901 498 2,605 3.171 37,555 6,274 16. LEASING AGREEMENTS Minimum lease payments under nort 199,768 36.493 1.498 237,759 Restricted funds Children In Need Nationwwje ltshire Community Foundation Masonic Charitable Trusl Chippenham Lion5 Weinstock Edward Go811ing AA Willshire Council PPE Chippenham Area Board Margafftl LIthf￿1d Trust Julia Hans Rausing Trust Garfield Weston Communty Fund Chippenh8m Borough Lands - Rabbits The Openwork Foundation 2,272 9.049 3,750 1.250 (2,2061 (4,5341 (3,750) 66 4,515 1,250 1,000 {1,000} 2.500 3.750 455 2,500 13,750) {455) 498 4,000 (12,500) (10,417) (4.167) (2,750) {4981 4,000 12,500 10.417 4,167 2.750 5,833 52.860 33.198) TOTAL FUNDS 252 628 3.295 255 923 Page 17 board Chl nham lo the Flnancial Statements - contlnued forthe Year Ended 31 Ma h 2 18. MOVEMENT IN FUNDS.¢onllnued Comparative net movement in funth, included in thg above are a$ toll Incoming resou￿8 Resources expended Movemant in funds Unrestricted tund8 General fund Designated Fund - XerDX Designated Fund - Telephone syste Designated Fund - Fixed assets fund 272,353 1209,2451 11,3921 116,9831 63.108 11,392) 116,9831 272,353 1235,860 36,493 Restrlcted fund¥ Chippenham Town Goundl Children In Need NationW￿e Ashendene Trust wI￿shIre Gommunity Foundation Early Years Pupil Premium IEYPP) Disability Accgss Fund mason￿ Charitable Trust Chippenham Lions Weinslock Edward Gostling AA Wilishire Council PPE. Chippenham Area Board Margaret Lichfield Trust Julia Hans Rausing TtNst Garfield Weston Community Fund Chipponham Borough Landg- Rabbits Holman Openwork FouvKlation 905 9,968 19051 112,1741 {4,5341 {5,0001 (3,7501 19771 123,1841 (5.0001 12,2061 14,5341 5,000 {3,7501 977 23.184 5,DtKI 1,000 3,000 1,000 13,0001 13.7501 {4551 3,7501 {4551 498 4,000 112,5tMJi 110,4171 4,1671 2,7501 4,000 112.50D) (10,417) 14,167) 12,750) {1,852) 1.852 10,000 65,384 TOTAL FUNDS 337 737 334,442} Page 18 board Chl enham Flnanclal Ststemen for the Yaar Ende arch 2025 18. MOVEMENT IN FUNDS- contlnued Unrostrtcted fund descrl tions Opfrrntlng reseNe - Thls deshJnaled fund 13 as detaI￿d in the Report ofTrnstees Xorox - Funding designated towards c0816 of rentav leasing agreement for printe￿1 ccpiet Den Project- Funds for outdoor play equipment Telephone system - FundThig deswJnated towards costs of rentall leasing agreernent for the telephone system Flxed Asset Fund - This equates to the net book value of fixgj assets held by the charity Woodward$ Donallon - Software licence fDr chikl use, and salaries for training Restrlcted fund deyeri tlons Natlonwlde - Funding towards tralnlng Chlldren In Need - Funding toward5 Staff salaries Early Years Pupll Premlum {EYPP) - Additional funding to rdise the attainment of disadvantsged pupi18 Dlsablllty Access Fund . Is an annual payment for eligible 3 & 4 year olds whom are in re￿ipt of the Di$ability Llvlng Allowan￿ (DLA) Masonlc Charftable Tw$t - Funding towards Playroom staff to deliver Pidure and visual communication Systerns Welnstock- Funding salar￿$ for PlayToom staff to delivery Attenlion adivitie5 Chlpp8nham Borough Lands - Funding towards staff salaries to gUPkK)rt Rabbtts (children under 2} Amold Clarf(- Funding for ¢hli d r81ated communication softsvarp The Oponwork Foundallon - Funding for staff salaries Maryaret Lichr￿Id T￿￿t - Funding for staff salarfes for Playroom staff to deliver Picture and vlsual communioztion systems Redcliffe Hornes Ltd - Salar￿$ for playdates Transfers between fund¥ Transfers lotslling £907 (2024.. £1,498) were made from reslricted and general unrestricted funds respectively to the designated fixed asset fvnd to reflect fL¥ed assets purchased using Ihese funds. A transfer of £20,000 {2024: . £20.0001 was made from the unrestricted general fund to the designated fund - operating reserve to increa8e the designated fund - operating reSe￿e fund to aPP￿XiMatelY 4 months spend. In prior year5 there were designated fund5 for Ihe remaining amounts due on the operating leases for Xerox and the Telephone System. Thk8 year these were transferred into the unrestrided general fund. A transfer of -£3.312 12024.. £nill was made from the Xerox designated fijnd to the unrestricted general fund and a Iransf9r of -£1.377 12024.'£nlll was made from the Teleph¢)ne system de5MJnated fund to the unreslricled general fund. 19. RELATED PARTh DISCLOSURES There VRTE no related party transactions for the year ended 31 March 2024 or 31 March 2025. Page 19