The Leapfrogs Trust Trustee$, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2025. Structure? governance And management Financi81 instruments Objeclives andpulicies The charity's activities expose il lo a nujnber of financial risks including credit risk, cash flow risk and liquidity risk. The us¢ of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives lo manage these risks. The charity does not use derivative financial instruments for speculative purposes. Credit risk The ¢harity's principal financial assets are bank balances and cash, trade and other receivables, and inveslments. The charity's credit risk is primarily attributable lo its trade receivables. The amount5 presented in the balance sheet are net of allowances for doubtful r¢c¢ivables. An allowance for impairment is made where there is an identified loss event which. based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the Counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant conceniralion of credit risk, with exposure spread over a large number of counterparties and customers. Liquidity risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future dev¢lopmenls, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in Ihe Statement of accounting policies in the financial statements. The annual report was approved by the trustees of the charity on by". signed on its behalf Chaimian Trustee Page 2
The Leapfrogs Trust Statement of Financial Activities by fund for ibe Year Ended 31 August 2025 Total Unrestricted Funds 2025 Nole Income and Endowments from: Trading activities Other iticome Total income 437,740 2,437 440,177 Expenditure on". Charitable expenditure Administration expenditure Total expenditure 436,290 13,201 449,491 Net movement in funds (9,314) Reconciliation of funds Total funds brought fonvard 193,617 Total funds Carried forward 184,303 Page 5
The Leapfrogs Trust (Registration Number: 1039865) Balance Sheet as at 31 August 2025 2025 2024 Note Fixed Assets Tangible assets 25,942 19,353 Current Assets Stocks Debtors Cash cash equivalents 595 7.418 171.079 179,092 615 7.447 183.455 191,517 Creditors: Amounts falling due within one year (20,731) {17,253) Net current assets 158.361 174.264 Total assets less current IiAbilities 184.303 193.617 Net assets 184.303 193.617 Funds of the chArity: Unreslricted funds 184,303 193,617 Total funds 184,303 193,617 The fi cial statements on pages 5 to 12 were approved by the trustees and authorised for issue ,,6Y.L.IzL., nd signed on their khalf by: Chairnian Trustee Page 6
The LeRpfrogs Trust Notes to the Financial Statements for the Year Ended 31 Augllst 2025 2 Taiation The charity is a registered charity and is therefore exempt from taxation. 3 Trvstses remunerdtloll And expenses No trustees. nor any persons connected with them, have received any remuneration from the charity during the year. 4 Tangible fixed assets Property improvements Plan¢ & equipment Total Cost At I September 2024 42,999 32,327 75,326 Additions 2,176 6,818 8,994 At 31 August 2025 45,175 39,145 84.320 Depreciation Ai I Septcmber 2024 24,194 31.779 55,973 Charge for the year 839 1,566 2,405 At 31 Augus12025 25,033 Net book value At 31 August 2025 20.142 5,800 25,942 At 31 August 2024 18,805 548 19,353 5 Stock 2025 2024 Stock 595 615 6 Debtors 2025 2024 Trade debtors Prepayments 4.553 2,865 5,206 2.241 7.447 Page 10
The LeApfrngs Trust Notes to the Financial Statements for the Year Ended 31 August 2025 7 Cash and cash equivalents 2025 2024 Cash in hand Cash al bank 39 171,040 171,079 183,354 183,455 8 Creditors: amounts falling due within one year 2025 2024 Accruals Wages Control account 2,758 17,973 20,731 1,660 15,59J 17,253 9 Funds Balance at I September 2024 Balance at 31 August 2025 Incoming resources Resourees expended Unrestrieted funds General 193,617 440,177 449 491 184,303 10 Analysis of net assets between funds Total funds at31 August 2025 Unrestricted funds Tangible fixed asset5 Current ass¢ts Current liabilities Total net assets 25,942 179,092 20,731 184,303 25,942 179.092 20,731 184,303 Page 11
The Leapfrogs Trust Detailed Statement of Finaneial Activities for tbe YeAr Ended 31 August 2025 Total 2025 Total 2024 Trading activities Registration, attendance fees and similar income Local authority grants received, including pupil premium funding 143,926 293.814 437,740 138.029 254.992 393 021 Other illcome Sales of sweatshirts Trips and fundraising Photograph commissions College grants received Donations Other loan discharged 160 1,347 127 500 103 78 500 750 2.437 2,134 Cbaritable expenditure Wages and salaries Employer's pension contributions Advertising Trip expenses Books and play equipment Pupil premium inclusion funding expense Cleaning and medical supplies Milk and groceries Rent of premises Utilities Insurance Subscriptions, training and periodicals 373,899 5,374 320 1,164 4,673 314,421 4.729 438 1,252 2.492 li 4,406 7,263 2,857 19,200 5,206 8,561 3,367 436.290 1,927 7,146 3,158 7,500 6,281 7,932 3,108 360,384 Administration expeDdi¢ure Telephone Legal and &¢counlancy fees Repairs and renewals Postage, stationery and office supplies Staff unifornis Bank charges and interest Depreciation Sundry expenses Bad debts 839 3,270 3.430 1,899 228 179 965 1.058 3,195 2,740 1.109 1,339 264 2,405 974 44 13,201 Page12
The Leapfrogs Trust Independent Examiner'5 Report to the trustees of The Leapfrogs Trust We report lo the charity trustees on our examination of the accounts of the charity for the ye&r ¢nded 31 August 2025 which are set out on pages 5 10 12. Respeetive responsibilities of trustees and examiner As the charity's trustees of The Leapfrogs Trust you are responsible for the preparation of the Accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). We report in respect of our examination of ihe The Leapfrogs Trust's accounts carried out under section 145 of the 201 l Act and in carying out our examination we hav¢ followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent exAminer's statement Since The Leapfrogs Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of Association of Chartered Certified A¢countants, which is one of the listed bodies. We have completed our examination. We confirm that no material matters have come to our &tt¢ntion in connection with the examination giving us cause to believe that in any material respect.. accounting records were nol kept in respect of The Leapfrogs Trust as required by section 130 of the A¢t- or 2. Ihe accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the fom and content of a¢counts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of independent examination. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to ¢nable a proper understanding of the accounts lo be reached. Stapletons Chartered Certified Accountants 4 Market Street Cr¢diton Devon EX17 2AJ 26 May 2026 Page 4