REGISTERED COMPANY NUMBER." 03289942 (England and Wales) REGISTERED CHARITY NUMBER: 1060208 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report statement of Financial Actlvllles Balance Sheet Notes to the Flnanclal Statements 8 to 12 Detailed Statement of Flnancial Activities 13 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Mrs E Hutchings Mr D Quick Mrs S Purssell Ms L Jenkins (resigned 31.7.25) Mr A R Kaznowski (appointed 31.7.25) Ms A S McGuire (appointed 31.7.25) Ms C Digby (appointed 31.7.25) COMPANY SECRETARY REGISTERED OFFICE Burford Road Chipping Norton Oxfordshire OX7 5DZ REGISTERED COMPANY NUMBER 03289942 (England and Wales) REGISTERED CHARITY NUMBER 1060208 INDEPENDENT EXAMINER Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH Page 1 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of Ihe charity for the purposes of the Companies Act 2006, present their report with the financial statements of Ihe charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102> (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms The principal activity of the charitable company is that of providing facilities for the daily care, recreation and education of the children and their parents and carers, who are in need of such facilities by reason of their age, poverty or social, economic and geographical circumstances. Significant activities Challenges across the whole Early Years sector relating to recruitment and funding continue to put pressure on the ACE Centre Ltd. A new premises lease with Oxfordshire Counly Council has resulted in an increased rent. This coupled with a sleep rise in the minimum wage, National Insurance contributions and other inflationary pressures, has caused pressure on our finances, but careful oversight has been effective in managing the situation. This careful monitoring by the Trustees will continue next year. Managers have worked with commitment and enthusiasm to maintain high standards, and we continue to be well regarded. We have a significant waiting list for places. Our staff continue lo enhance their professional development with two having successfully completed level 5 NPQL training in Early Years Leadership, one person compleling Level 3 SENCO (special needs co-ordinator) training, and two apprentices completing level 2 and level 3 qualifications. Wellcomm continues to be a valuable tool in the screening and support for communication and language across both settings and we are in the process of appointing three new Trustees which will add professionalism, energy and enthusiasm to our board. Disabled Employees The charitable company gives full consideration to applications for employment by disabled persons. Flxed Assets Changes in fixed assets during the year are set out in the notes to the financial slatements. Public benefit The Trustees review the aims, objectives and activities each year. We look at what we have achieved in terms of the success of each key activity and the benefits we have brought to the community. This review also helps us to ensure our aims, objectives and activities remain focussed on our slated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives we have set. FINANCIAL REVIEW Financial position Income for the year ended 31 March 2025 was £351,078 (2024 - £271,678). The stalement of financial aclivities shows a net surplus for the year of £15,118 {2024 - deficit of£24,435). Unrestricted funds stand at £125,85012024 - £110.732). Reserves policy The charity has available unrestricted funds of £125,850. This is in line with the trustees, stated aim of maintaining working capital at a level that will cover around six months, of unrestricted expenditure based on current activity levels Page 2 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on and signed on its behalf by.. Mrs S Pur l - Trustee Page 3 INDEPENDENT EXAfvIINER'S REPORT TO THE TRUSTEES OF THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED Independent examinerfs report to the trustees of The Activities, Childcare and Education Centre Llmited ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basls of report As the charity's truslees of the Company (and also its directors for the purposes of company law) you are responsible for Ihe preparation o* the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself thal the accounls of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respecl of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 14515} (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of Ihe Institute of Chartered Accounlanls in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of Ihe 2006 the accounts do not accord with those records,. or the accounts do not comply with the accounting requiremer)ts of Section 396 of the 2006 Act olher than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}. I have no concerns and have come across no olher tnatters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Philip J Burton FCA Bronsens Chartered Certified Accountants Hillside Albion Street Chipping Norton Oxfordshire OX7 5BH 18112125 Date.. Page 4 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Unrestricted fund 31.3.24 Total funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacies Charitable activities Grant income Fee income 155,058 193.272 35,495 234,548 Investment income 2.746 1,635 Total 351,078 271,678 EXPENDITURE ON Charitable actlvltles Direct charilable expenditure Grant income Fee income 19.131 18,716 143 34.657 12,681 153 Other 297,970 248,622 Total 335,960 296.113 NET INCOMEI(EXPENDITURE) 15,118 (24,435) RECONCILIATIQN OF FUNDS Total funds brought fO￿ard 110,732 135,167 TOTAL FUNDS CARRIED FORWARD 125,850 110,732 The notes form part of these financial statements Page 5 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED BALANCE SHEET 31 MARCH 2025 31.3.25 Unrestricted fund 31.3.24 Total funds Notes CURRENT ASSETS Debtors Cash at bank 10 10,554 143,878 13,381 119,918 154,432 133,299 CREDITORS Amounts falling due within one year 11 128,582) (22,567) NET CURRENT ASSETS 125,850 110,732 TOTALASSETS LESS CURRENT LIABILITIES 125,850 110,732 NET ASSETS 125,850 110,732 FUNDS Unrestricted funds 12 125,850 110,732 TOTAL FUNDS 125,850 110,732 The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Seclions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes form part of these financial slatemenls Page 6 continued.., THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED BALANCE SHEET- continued 31 MARCH 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The linancial statements were approved by Ihe Board of Trustees and aulhorised for issue on and were signed on its behalf by-. Mrs S Purssell - Trustee Mrs Hutchings - Trustee The notes form part of these financial statements Page 7 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 102) 'Accounling and Reporting by Charities- Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in Ihe Slatement of Financial Activities once the charity has enlitlemenl to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo Ihat expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measurod reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannol be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office furniture and equipment 150/0 on reducing balance Taxation The charity is exempt from corporation tax on ils charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the Iruslees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activilies on a straight line basis over the period of the lease. Pension costs The charitable company contributes lo the employees, pension scheme. Contributions payable for the year are charged as resources expended. Page 8 continued. THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES 31.3.25 31,3,24 Donations INVESTMENT INCOME 31.3.25 31.3.24 Deposit account interest 2,746 1,635 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Grant income Fee income Grants Fees 155,058 193.272 35,495 234,548 348,330 270.043 Grants received, included in the above, are as follows.. 31.3.25 31.3.24 EEF grants Local Authority funding Other grants 143,444 8,701 2,913 155,058 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl{crediting): 31.3.25 31.3.24 Depreciation - owned assets Hire of plant and machinery 32.221 20,348 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 9 continued... THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.25 20 31.3.24 21 staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Charitable activities Grant income Fee income 35,495 234,548 Investment income 1,635 Total 271,678 EXPENDITURE ON Charitable activities Direct charitable expenditure Grant income Fee income 34,657 12,681 153 Other 248,622 Total 296,113 NET INCOMEI{EXPENDITURE) (24,435) RECONCILIATION OF FUNDS Total funds brought forward 135,167 TOTAL FUNDS CARRIED FORWARD 110,732 Page 10 continued... THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Office furniture and equipment COST At 1 April 2024 and 31 March 2025 819 DEPRECIATION At 1 April 2024 and 31 March 2025 819 NET BOOK VALUE At 31 March 2025 At 31 March 2024 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors 10,554 13.381 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Accrued expenses 27,322 1,260 21,433 1,134 28,582 22,567 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 110,732 15,118 125,850 TOTAL FUNDS 110,732 15,118 125,850 Net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 351,078 (335.960) 15,118 TOTAL FUNDS 351,078 (335,960) 15,118 Page11 continued... THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 12. MOVEMENT IN FUNDS - continued Comparatives for movement In funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 135,167 (24,435) 110,732 TOTAL FUNDS 135,167 {24,435) 110,732 Comparalive net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 271,678 (296,113) (24,435) TOTAL FUNDS 271,678 (296,113) 124,4351 13. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page 12 THE ACTIVITIES, CHILDCARE AND EDUCATION CENTRE LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest 2,746 1,635 Charitable activitles Fees Grants 193,272 155,058 234,548 35,495 348,330 270,043 Total incoming resources 351,078 271,678 EXPENDITURE Charitable activities Activity costs and expenses 13,479 13.631 Support costs Management Wages Building costs and equipment Insurance Training and conferences Telephone Postage, stationery and photocopying Sundries IT equipment and SOf￿are Adminislration services Registration fees and subscriptions Clolhing Bad debts Accountancy Bank charges Professional fees 253,425 32,221 2,487 396 232 834 2,733 2,171 20,620 289 562 1.380 1,326 143 3,662 222.366 20,348 2,393 1,818 105 396 3,178 2,481 18,716 268 245 1.194 147 8,816 322,481 282,471 other Fixtures and fittings Total resources expended 335,960 296,113 Net Incomel(expenditure) 15.118 (24,435) This page does not form part of the slatulory financial statements Page 13