2025-08-31-accounts - Little Explorers @ Pavilion

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Treasurer’s Report

Academic Year: August 2024 – August 2025

This academic year has been a stable and positive period for Little Explorers. We have maintained a full cohort of children and a strong, consistent staff team. It is worth noting that through funding and invoices alone (excluding fundraising) playgroup was financially viable over the last year. This is particularly positive considering increased costs associated with the transition to our new premises and the general rise in operational expenses.

Financial Position

Cash at bank at the end of the last financial year (August 2024) was approximately £21,000 and at the end of this financial year (August 2025) we are forecasting approximately £30,000.

Statement of the charities policy on reserves

We hold a sum in a separate reserve account as recommended by PATA to ensure that we have sufficient funds to pay staff costs/bills should our numbers drop, or we are unable to run for a period of time for any reason. This also ensures we have enough funds to cover any statutory liabilities should we need to dissolve the group, enables us to meet any unexpected expenditure, and also to enable the acquisition of new equipment. We aim to hold at least one terms running costs which we estimate to be between £16,000 (Spring Term ) and £26,000 (Summer). The amount currently held in this account is £20,631.

Income

Little Explorers principal source of funding is through the Government’s Nursery Voucher scheme and also invoices from unfunded children. By the end of this financial year, income from invoices is expected to total £11,500, an increase of £1,000 compared to the previous year. Grants from the Nursery Voucher scheme this year should total around £60,000, an increase in £15,000 from last year. This reflects the increase in funded hours, and a greater number of two-year-old children, who attract a higher rate of funding.

There have been successful fundraising efforts to help enhance our income this year. In February 2024 the Committee organised a quiz night and raffle raising £900. We joined Easy Fundraising, which has contributed around £200 so far, and the Cheltenham Lottery. By the end of the year, we expect total fundraising income to reach close to £2,000. In addition, Charlotte secured a grant of £1,454 from the Jockey Club, which has significantly contributed to improving our outdoor area.

Spending

Expenditure this year has increased in several areas. Staff salaries were raised in April 2025 in line with the rise in the National Living Wage, with all staff receiving a percentage increase. Jolie’s salary was also adjusted further to reflect the increased wage rate for under-21s.

Becky’s contractual hours have been increased to match the hours she has been working, which should reduce the need for overtime and is not expected to create a significant increase in overall payroll costs.

Due to maternity leave, our contributions to HMRC were lower than usual this year; these are set to resume and will add around £1,000 in costs every three months.

Our contractual annual increase in rent for the building Is CPI + 1%. Accordingly, in April 2025 we had an increase equating to £210 per year.

Hourly rate has remained unchanged this year at £7.50.

The Tiny Explorers toddler group continues to run at a deficit. However, we currently continue to operate the group because it serves as an important introduction for new families to the playgroup.

The relocation to our new building has required additional investment in equipment and consumables this year, which has contributed to an increase in spending in these areas.

Conclusion

Overall, this has been a more stable and secure year financially for Little Explorers, with sustainable income. With strong enrolment predicted for the coming year, we believe the group is in a sustainable position moving forward, even as we prepare for future rises in general expenses and wages.

Charity name:

Charity number: 1052304

Little Explorers @ Pavilion

Receipts and payments accounts for the period

Period star 1st September 2024 Period end d 31st August 2025	Period star 1st September 2024 Period end d 31st August 2025	Period star 1st September 2024 Period end d 31st August 2025
RECEIPTS AND PAYMENTS

RECEIPTS	Previous year £p	Current year £p
Nursery Education Funding Children's fees Grant (Jockey club) ……………………………………… Grant ……………………………………….. Fundraising Donations Interest Other receipts Sub total Income from the sale of equipment	44,827.54 13,080.88 - - 1,605.71 210.00 397.09 285.00 60,406.22 - £60,406.22	61,250.22
		12,323.92
		1,454.00
		-
		2,754.87
		196.00
		371.95
		411.58
		78,762.54
		-
TOTAL RECEIPTS (A)		£78,762.54

PAYMENTS	Previous year £p	Current year £p
Employment costs (gross pay + employer's NIC) Training costs Premises (rent, heat etc) BT and wifi Subscriptions Insurance Administration Refreshments Consumables Premises costs Fundraising costs End of term parties Other Sub total Purchases of of equipment and other assets	53,193.36 718.00 5,934.23 650.13 996.12 694.54 - - 604.55 498.11 72.82 200.00 100.78 63,662.64 438.30 £64,100.94 -	50,701.71
		308.00
		5,626.60
		723.94
		1,269.89
		721.09
		-
		-
		1,403.05
		528.89
		246.00
		240.00
		474.02
		62,243.19
		2,346.91
TOTAL PAYMENTS (B)		£64,590.10
		-
NET OF RECEIPTS AND PAYMENTS (A-B=C)	-£3,694.72	£14,172.44
(D) (C+D) Cash fundsincl. deposit a/clastyear end Cash fundsincl. deposit a/cthis**year end	45,273.89 £41,579.17	41,579.17
		£55,751.61

STATEMENT OF ASSETS AND LIABILITIES
*Note: cash funds include reserve/contigency/deposit accounts. Current value £p (E) 55,751.61 Debtors (money owed to the charity on the period end date) (F) - Value of buildings and equipment (current or depreciated value) (G) 17,000.00 Liabilities (loans and any other money owed on the period end date) (H)- Net assets (E-F+G-H) £72,751.61 Cash funds(agree with the balance of the receipts and payments a/c)		Current value
		£p
		-
		£72,751.61

Signed on behalf of the trustees (committee): Signed: A Pennington Name: Amy Pennington Role: Treasurer

Date 24 June 2026

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Little Explorers @ Pavillion

On accounts for the year ended

August 2025

Charity no (if any)

1052304

Set out on pages

(remember to include the page numbers of additional sheets)

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2025

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply.

Kerry Wallis

23.6.26

Signed: Date: Name:

Kerry Wallis

Relevant professional qualification(s) or body (if any):

October 2018

IER

ACCA member

Address:

6 Snowdrop Close

Tewkesbury

GL20 7FP

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

A minor unreconciled difference of £29.01 (credits) and £28.91 (debits) was identified when reconciling bank statement totals to the accounting records. This is considered immaterial in the context of total income of £78,391 and is likely due to minor posting or rounding differences. No other matters arose during the examination.

October 2018

IER