Minik Kardes Llmlted (Prlvate Company Limited by Guarnntee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 COMPANY REG NO. 3076260 CHARITY NO. 1067893 Mlnlk Kardes Lirnlted IPrlvate Company Limited by Guarantee) Contents Pa Legal and administratlve information Report of the trustee5 Report of the auditors Statement of Flnanclal Activitie5 8alance Sheet Cash Flow Statement io Accountlng pollcles 11-14 Notes formlng part af the financlal statements 15-20 Detailed Income & expenditure account 21 Puge 21 does notforni purt of the Statutory (xccount& Minik Kardes Umited (Private Company Umlted by Guarantee) Legal and Admlnlstratlve Informatlon Trustee5 and dlrertQTS AKMeer S Arslan P E Daniels Fwman (resigned 211312025) E MJ J Van Waeyenberge •* - Monagement committee members are u150, for thepurpose of the ComponiesArt2006, compony dlrector5. Company seuetsry: P E Daniels Key management & personnel N Cosar- Nursery Head V Demetrbou- Head of Flnance Admlnlstratlon and reglstered office: 53-55 Balls Pond Road London NI 4BW Charlty reslstratlon no: 1067893 Company reglstratlon no: 03076260 (En￿and & Wales) Audltors: Christopher Mlchael Llmlted Chartered Certlfled Accountants & Statutory Auditors 26 Statlon Rd New Barnet Herts EN5 IQW Bankers: Barclays 8ank PIC Fundln8 authorltl•s: L8 of Islington Hackney Leamlng Trust Page 1 Mlnlk Kardes Llmlted Private Com Limlted b Guarantee Dlrectors and Trustees Report ftir the year ended 31 March 2025 The trustees are pleased to present thelr annual dlrectors, report for the year ended 31 March 2025 whlch Is also prepared to meet the requlrements for a dlreucrs report and accounts for Cornpanie5 Act purposes. The financlal statements Comply wlth ihe Cfvarltles Act 2011, the Companles Act 2C¥)6. the Memorandum and Artleles of A550ciatlon, and Accountlr8 and Reportln6 by CharitSes', Statement of Recommended Prattlce applicable to charitle5 preparing thelr accounts In ccordonce wlth the Flnandal Reportlng Stsndard applicable sn the UK and Republlc of Ireland IFRS1021. Stru¢ture, Govornanee and ManaKement vemln Docum nt Mlnik Karde5 Llmlted Is a comparry IlmSted by guarantee and Is a rÈglsteTed charlty. The company was establlshed under Memorandum of Assoclatlon whlth establlshed the obSects and power5 of the charitable company and Is governed under its Artlcles of Assodatlon, In the event of the company belng wound vp rnember5 are requlred to conirlbute an amount not exceedlng £1. ent&A of Trus The trustees and dlrectors who have served thrcughout the year are showr on page l. Appolntment of dlrettorsltrustee515 governed bythe Memorandum & Artlcles of Assoclatlon. New Trustees under80 tralnlng on thelr le881 obll8atlons as under Charlty Law, the der151on makln8 process, the busln8ss plèn and recent performance of the charlty. n15a lonal Str re The charfty Is or8anlzed so that the trustees meet reS￿l8r1V to mana8e Its Hffalr5. The 'Nursery Head, N Cosar and Head of flnance V Demetrlou manage the day to day admlnlstratlon of the charlty and report to the Tru5tee5 at monthlyTrustee meetlngs. 15k Mana The irustee5 actlvely revlew the rnalor r15ks wblch the charlty lates Dn a regular basls and belleve that malntalnln8 re5erye5 at the Current levels, comblred wStfv an annv81 revlew of the controls over key flnandal 5yStems. wlll provlde sufficlent resources In the event of èdver5e condltlon& em The trustees also revlew non-flnan¢lal rlsks and these rlsks hre managed by ensufln8 compllance wlth Bll h•alth and safety regulatlons for chlldren, staff and parents, In eddltlon the nursery Is regulated by Otsted and the trustees and senlor management havq controls In ploce to ensure tompllance wlth such re8ul*icns. R lated artles None of the tru5t8es recelve remuneratlon or other beneflt In tfveir capi¢lly as trustees of the charlty. Any connectlon between trLt5tee of the chaTlty and or8anisalions provldlns servlces to the charlty must be dlsclosed to the full board of trustees in the 5arne way as any contraclual relatlonshlp wlth a relaled pany. In the current year no such related party Iransactlons were reported. The dlrectors conslder that the board of dlrectors. who are the Chgrlty'5 tTU5tee5, and senlor maragement team comprlse the key management personnel of the charlty In charge of dlrectln& ¢ontrolllngi runnlng and operatlng the charlty on a day lo day basls. The pay of 5enlor staff, Indudlng N Cosir Is revlewed annually and normally Increased in with Local Authority pay scale5. Purpose and oblectlves The charity's obSerts and lis prlnclpBI actlvlties are the advance and eduratlon of Turk15h speaklrB Chlldren below compulsory school age by the provlslon of bllln8ual nursery educatlon, Achlevements and perforrnance The trustees con51derthai the Charlty's actlvlties In meetln8 cblectlves have been most satisfartory durlll8 ihe year under revlew. Page 2 Minik Kardes Llmlted (Private Company Llmlted by Guarantee) Directors and Trustees Report for the year ended 31 Mwth 2025 Contlnued) Flnondal revlew Total Income for the year aMo￿lted to £2.669,786 wkh total expenditure amountlnB to £2.552.459 I￿n& a surplus In the year of £117,327. Accumulated reserves atthe balance sheet date amounted to £I010.828, of thich £1.652328 represent Income reserwes. Investment powers and pollcv The trustees, havlng regard to the liquidlty requlremerrts of operating the nursery. have kept a proportlon of avallable Ilquld funds in an 5nterest bearinB account to mwlmlse the rate of return, atthough gfven current rdtes of interest the rate of ieturn.ls mlnimal. The trustees will review the poshion and ￿nSIder alternative Investmenls to maJ¢lmlse returns but wlll contlnue wlth a Tlsk averse pollcy, Reserves pollry and golng toncetn The Trustees have undertaken a review of the charlvs requirements for reseNes in IIBht of the rnaln rlsks to the organlsation. As part of thls revlew the chartty ha5 set up two funds, namely 3'runnkn8 Cost, and 'staff & maternity fund. reserve. in Ilne wlth ChJTlty Cornmlsslon recommendations. The runnlng c05t reserve Is to cover runnln8 Costs of the charlty of between 3 to 6 months and as at 31 Marth 2025 stands ai £405,000 whlch Is equlvalent to SIK rnonth5 runnln8 Costs. The '5tsff & maternlty fund, Is to cover fLrture potentlal statutory Ilbbllltles lredtsnd?n￿• unpald hollday & monies In Ileu of notlcel should the charlty ¢ease actlvltles and as at 31 Marth 2025 stsnds at E26.472. P14ns lorfirture perloth Fundin8 for the year 2025126 has been secured from L B Islln8ton and Hackney Learnkng Trust wlth total grants rtcelvable for the year of £1,168.987 for the Charltles, core artlwtles and the alm of the Trurtee5 15 to further develop Ihe thlldrtn's ¢entre, the provlslon of nursery educatlon and outreath Serv1￿ In the Hackney & 151kn8ton areas. Trustees re5ponslbllltles In rqlatlon to the flnandal Statements ThÈ charlty trustees Iwho are als¢ directors ofr the Company for the purposes of company lawl ?re responglble for preparln8 tfUSt8es' annual report and flnandal statements In accordantt with appllcable law and Unlted Klngdom AccountlnB Standards Iunlted Kln8dorn Generally Accepted Accountlng Prnttlce). select suhable accountln8 polldes and applyihem con51stentlv* . observe the methods and prlndples In the Charftle5 SORP- . mako judgments and e$tlmate5 that are reasonable and prudent: . state whether app15cable UK auovntlng standards have been followed, sublert to ￿ rnèterlal departure5 dlsclosed and explalned In the flnanclal $￿eMents. . prepare financlal stalernents on a 80br6￿nCern basbs unless it Is Inapproprlate to presume that the ehirlty wlll contlnve In operatlon, The trustees are ￿sponSIble for keeplng accountln8 record5 whlth disdo$e whh reasonable accuracy ar any time the flnanclal P051tlon of the charlty and enable them to ensure that the tlnanchl #atements cgmpty wlth the Companies Att 2C06. They are a150 responslble for safe8uardln8 ihe assets of the thartty and hence for taklng reasonable steps ft*r the preventlon ènd detectlon of fraud and other Irwularlik Dlreclor> truste The trustees who a￿ dirertOf5 for the purpose of company law vtho have seNed durlng the year and up to ihe date of thls report are set out on page l. Statement 45 to dlsclosureto our audltors In so far as thè tru5tee5 are aware ot the tlme of approvin8 ourtrustees, ￿n￿91 repon: . there Is no relevant Informatlon. being InfDrmatlon needed by the audltor in Comectlon wl¢h preparkng thelr report, of which the company's auditor Is unaware: and - the trustees. havlng made enqulries of fellow dlrectors and the wmpaT)y audftor that they ou8ht to have Indlvlduallytaken, have each taken all steps that he/she Is obll8ed to take as a dlrertor Sn orderto Thake thernselve5 aware of any Telwant audlt Infomiatlon and to estab115h that the audttor Is Jware of that Informatlon. Byor of the boBrd r)f trustees AKMeer Tn￿tee & Company Director Date: 12.9.2025 Page 3 Mlnik Karde5 Umlted (Prlvate Company Ilmlted by Guarantee) Ind endent Audltor's R ort to the Members ot Mlnlk Kardes Umlted Oplnlon on flnandJl statemeftts We howe audlted the financlal statsments of Mintk Kardes Ltd for the year ended 31 March 2025 on page5 8 to 20. The fin3nclal reportinB frarnework that has been applied In their preparation is applicable law. and United Kingdom Accountlng Standard5 Iunlted ngdom Generalty Accepted Accounting Practice). Includln8 FRS 102 "The Flnandal RepDrting Standard applicable in the UK and Republlc of Ireland" Thls report15 made solety to the charttable companV5 members, as a body. In accordantÈ wlth thapter 3 of Part 16 of the Comparnle5 Art 2006. Our audit work ha5 been undertaken $0 that we mlght state to the charitable companvs member5 those matters we are requlred to state to them In an audltor's report and for no other purpose. To the fvllest extent permitted by law we do not accept or assume re5pon51blllty to anyone other than the charltable company and the tharitable ¢ompJnVs members as a b(>dy• for our audlt worl for ihls repor¢ or for the oplnlon5 we have formed. In our oplnlon the financlal statemen￿. glve a true and falr view of the state of the tharit•ble eompanvs affalrs as at 31 March 2025. and ol its Incomln8 resources and appll¢atlon of resources. Inclvdlng Its income and e¥pendllure. forthe yearthen ended: - have been properly prepared In accordance wlth the Unlted Kingdom GenerBlly Accepted Accounllng Prnrtlce; and - have been prepared In accordance wlth the requlrernents of the Companles Act 2006. Basls Of oplnlon We conducted our audlt In accordance with Internatlonal Standards on Audltln8 (UK) IISAS IUKII and appllcable law, Our responslbllitles under those standards are further descrlbed In the Audliorfs respon51bll￿leS for the audlt of the fSnan¢lal Statements sectlon of Dur report. We are Independent of ihe charitable company in accordance wlth the ethlcal requirement5 that are relevant to our audit of the financlal staternents In the UK, Includln8 the FRCs Ethlcal Startdard, and we have fvlfilled our other ethlcal respun51bllltle5 In accordantt wlth these requlrernents. We beNeve the audlt 0￿dence we have obtalned 15 5ufficlent and approprfale to provlde a basls for ouroplnlon. Condu$lons rel•tlns to solng conc•m We have nothlng to report In respert of the followin8 rn)tters In relatlon to whlch the ISA5 IUKI requlre us to repDrt to wju where: the trustees, use of the 8olng concern basls of a¢counlln8 In the preparation of the lknanclal statements Is not approprlate: or the trustees have nat disclosed In the flnancial Siaternents any Identified materlal uncertalntles that may cast $18nlfl¢ant doubt bout the charilable cornp3nV5 ablllry to continue to adopt the 8oln8 concern basls ol acc￿ntIft8 for • perlod of ai least twelve month5 from the date when the flnanclal statements are authorlsed for Is5￿. Other Inlofmatlon The trustees are responslble for the otherlnforrnatlon. The other Snfomiatlon compr15e5 the knfomatlon Induded In the trustees, arnual report. other than the finan¢lal Stsiements and our audkorfs report thereon. Our oplnlon on the flnanclal statement5 does not ¢overthe other Inforrnatlon and. except to the ettent (Aherwlse explicltly stated In repoffj we do not express any forn) of assurJnce conclusion thereon. In connectlon wlth our audlt of the financlal statements, our responslblllty15 to read the other Inft•matlon and, In dolng so, conslder whether the other Inlormallon is mateTiolly Inconslstent wllh the financlal statements or our knowledge obtalned In the audlt or otherwlse oppears to be materfally mlsswed. If we Identlfy such.materlal Incon515tencle5 or apparent material mlsstatements, we are requlred to deternilne whether there15 a materlal mlsststement ￿ the flnan¢lal statements or a material m155tatement of thè other Information. If, based on the work we have perforn)ed, WÈ conclude that there Is a material misstatement tsf this otheT Infomiatlon, we are requlred to report that fact. We have nothin8to repvrt In thSs regard. Oplnlon on other matter presulbed bythe Companies Art 2006 In our oplnlon, based on the work undertaken in the course of ihe audft: the Infomatlon 8iven In the trnstees, report for the flnanclal year for vNth the financlal statements are prepared Is ¢onslstent wlth ihe financlal statements: and Page 4 Mlnlk Kardes Llmited (Prlvate Company Llmlted by Guarantetl Inde ondent Audltor's Re rt to the Mernbers ofminlk Karde5 tirnlted theTrustees repart h05 been prepared kn accordan￿ wlth athKable legal requirements. Matters on whlth wè are requlred to report by¢xcep¢lo ln the118ht of our kngwledge and undEf5tandkn8 of the ch¥ltable conyany arKI Its erwIronMe￿ Obtsi￿d in the COLW5e of thè audit, we have not Identlfled materlal mtsstatemèn¢s In ihe dlrectors, report. We have nothln8to report In respect of thefollowing matters In ielatlon to whlch the Compan*s Aci 2C¢J6 requires to report toyou IF, In our oplnion: -adequate accountln8 records havè not been kep¢ orretury* adequate forour audtt have not been recelvÈdfrom branches notvlsnÈd by us. gr -the financlal statements are not In agfeementwiihthe aCc￿n11n£ retofds and rttums; or -certain diselosures of dlrettors, rernuner?tion specffled by law are not made: or -we have not rece￿ed all the Infofrnadon and emplanatlons we require forour audfjt,. Of Responslbllllles of tnistees As explalned rnore fully in the trurtees, iespornslbllitles statement, the irustee5 Iwho are aL50 the dlrectors of the charhable company forihe purposes of cornpanv lawl are responsible lorthe proparatlon ol the flnandal statements and for 5*bned that they 8fve a true and fairwlew. and for such Inleinal ctsnirol as thÉ trustees deteimlne Is necessary to enable the preparation ot flnanclal stttements that ale free from marerlal mlsstatement whether due to fi•yd or error. In preparing IhE flnonclal statements. th• trustees are rè5pDnslble for assesslnÉ tl* tharltable comparfs abl4ty to ¢Orflnue a5 a 8olng conc•in, dlscloslng, as appllcable, matiers rElated to 8oln8 conce¥n and u51n¥the golnÉ concern bas1$ of accountkng ￿￿e$S the trullees eiiher Intend to Ilquldate the ch?rltsbl• company or io cease operatlons, or have no rea155tlc altematlve bul to do so. Audllorfs re5ponslbllltle5 forthe aud￿ ol tht fin•nclil statements OUT oblecllve5 are to obtsln reasonablè assurance about wheiher thè fin4nclJl 5t*ementsas a are free frMI m*erfal rn1s5tsternent, whether due to fraud or error, and to15sue an audltorfs report thai includes our oplnk)n. Reasonable assurance 05 o hl8h level of a55u¥ance, but Is not a guarantee that an audit condurted In accordance w￿h ISAS IUKI wlll ah¥ays ddect a maierlal misdatement w￿n It exists. Mtsststernents can arlse from Iriud or error and are consldered materlal W, Indlvldvally oi In the a88re8ate, they ￿Uld reasonab* be expèrtÉd to Innuence the economlc dpcbion5 of users taken on the ba515 of these Ilnancial 5tstements. Irreiularitiès, In¢ludln8 fraud, are Snstances of non-compll¥Jce wlth laws and re8uktlons. We deslgn proc•dures In Ilnt wlth our rèsponslbllllles. outllned above. to delqct materlal misstatèments In respect to lrnègularrtles, Includlnl fraud. The •xtpnt to whlth out Procedw￿ ?re up•bl• of d•tectbn8 Irrègularltles, Includlng fraud 15 detallqd b•low'. To Identlfy rlsks of mateilal mlstatement5 due to Iraud I'fraud r￿kS.) we asse55ed events or condlllons that kndlutè an Ir*Èntfvè or pressure to commlt fraud or provlde thé opportL¢nlty to commlt fraud. Our r￿k a55essment proced¢Jres lfi¢lyded: •Enqulrlngwlth Tru5tee5 and rnana8ern•nt and InspÈctlon of pollcy documeDtation as to Mlnlk Kardes Llmtted's pollcies and procedures to prevent fraud and det•ct Iraud that èpply to th15 company as WEII •5 Enqulrln8whether theTrustees and management have knovAedie ol any actval suspected or alle&ed fraud, Audlt procedures performed by the •n8a8tmen¢team Induded.. •Dlscusslons wlth rnana8ement and assessment of known or suspected Instanc•s of rtoncornpllan¢e wllh l*d and regulatlons and frnud.. •A55e55rnenls of Identfjlled liaud ladots.. *Challen8ln8 assumptfons andludgernents made by managemert bn Itsslgnlflcarrtac(ountlnB estlmates: 41Usln8 analytlcal revlew proc4dur•s to Identfy unusual or unexperted relatlonsNps 'Conflrmatlon of related partles with Manageme￿ and Tevlew of rrwctlons thnJu8hout the perlodto Idertlfy pr4vloLty￿y undlsclosed transactlons wlth related partlos outslde the noirnal course of bu51ness'. 'Readln6 mlnutES of rneetln85 of those chaiged wSth 8ovemance- 'Revlew ¢f slgnlljcant and unusual iransatlon5 and ev31uatlon of tht undethlng finandal raiionale SUPPDrtJn8the transactlons: *ldentlfyln8 and le￿Ine joumal entrle5, In particul¥ any manual entrie5 made at the yearend forflnancial statement prosentatlon.. •ldentlfyiDg and reSpOr￿[￿l to rtsks of rnaterial mlst8tement dut to Thonrornpll￿￿ w￿h laws and wy￿10n Page 5 Mlnlk Kardes Ilmlted IPrlvate Company Limited by Guarantee) Inde endent Audltor's Report to the Members of Mlnlk Karde5 Llmited We communlcated Identlfled fraud rlsks throughout the audit tearn and remained alert to any Indlcatlons of fraud throughout the audit. As requlred by auditln8 stsndards, taking Into account possible pressures to meet profit targets. we perform procedu￿$ to address rlsks of management overlde of controls and the risk ot fraudulent revenue recognltlon, Includlng: the rlsk that revenue Is recorded In the wrong perlod and the rlsk that management may be In a posltlon to make Inapproprlate accountlng entrles. We dld not Identlfy any addltlonal fraud r15k5. We Identlfled arears of laws and regulatlons that could reasonably be expected to have a materlal effett Dn the financlal statements from our general commerclal and sector experlence and through dlscusslon wlth Trustees and management requlred by audltlng standards) and d15cussed wlth Trustees and management the pcllcles and procedures re8ardlng compllance wlth laws and regulatlons. Flrstlyi the companyls subject to law5 and regulatlons that directly affect the flnanclal statements includlng flnanclal reportlng leglslatlon, Ilncludlng related companies leglslatlonl, dlstrlbutable proflts leglslatlon and taxatlon leglslatlon and we assessed the extent of compllan wlth these laws and regulatlons as part of our procedures on related flnanclal statement Items. Secondly, the company Is subjert to many other laws and regulatlons where the consequences of non compllance have a rnaterlal effect on the arnounts or d15closures In the flnanclal ststement5, for Instance through the Imposltlon of flnes or Iltogatlon, We Identlfled the followln8 areas as those most likely to have such effett.. health and safetyi antl-brlberyi general data protectlon, employment law, and certaln aspects of company leglslatlon. recognlsin8 the nature of the company's actlvltles. Audlting standard5 Ilmlt the requlred audlt procedures to Identlfy non compllance wlth these laws and regulatlons to enqulre of the Trustees Inspectlon of Tegulatory and legal correspondence, If any, Therefore, If a b￿a¢h of operatlonal regulatlons Is not dlsclosed to U5 or evldent from relevant correspondence, an audit wlll not detett that breach. Context of ablllty of the audlt to detect fraud or breached of law or regulatlon Owlng to the Inherent Ilmltatlons of an audlt, there Is an unavoldable rlsk that we may not have detected some material mlststements In the flnanclal ststements, even thaugh we have properly planned and performed our avdlt In accordance wlth audlting standards. For example, the further removed nonttery L8H Neg Homerton Flrst steps L8H maternlty Grant Ald Other mi$cellaneous London Borouth of Enflild 18,268 1.555 6.866 115,412 6.635 29,295 105.( 7.102 2,897 7,147 58,571 . 115,737 387,490 241.525 188,869 25,113 9,118 380.564 5,296 1,491 335 1,049,622 14,085 20.120 2,332 4.379 96.196 785 88,965 24,600 7,182 248,138 8,426 4,OJO 2,165 11,013 10,020 248,138 9,952 26,830 8,728 1,921,968 4 Income from ¢harltable acimtles Nursery fees 706.875 801.541 pwJe 16 Minik Kardes Limited (Private Company Llmlted by Guarantee) Notes to the ffnancial statements for the year ended 31 March 2025 2024125 2023124 5 Income from other charltable actlvltles Fundralslng Interest recelvable 28,733 12,209 25,595 9,818 35,413 40,942 6 Anatysls of expendlture on tharltable actlvltles Staff & agency costs Other runnlng costs 1,789,960 561,293 1,707,063 582,196 2,351.253 2,289,259 7 Analysls of governance and 5UPPQrt cost Staff costs Audlt and accountancy Accountancy Legal & professlonal Bank charges 179,567 8,400 3,300 8,793 1,146 128,764 8,40D 3,300 5,461 937 201,206 146,862 8 Net Income /(expendlturel for the year This Is stated after charglng,. Depreclatlon -owned a55ets Auditor5 rernuneratlon for audit servlces AudStors remuneration for other services 19,741 8.400 14,450 8,400 3,300 9 Anatyses of staff costg, trustee remuneratlon and expenses, and the ccst of key manaEement uer50nnel Wa8es and 5alarles Redundancy Employers natlonal Insurance Employer5 Penslon Agency & se55ional staff 1,672,472 1,460,612 142,99S 33,271 120,789 122,681 26,010 226,524 1969,527 1,835,827 The average number of staff employed durlng the year were as follows., Direct charltable Admlnlstratlon & support 64 62 69 67 The number of employees whose emoluments as defined for taxatlon purposes amounted to over £60,000 In the year were as fallow5'. 10 Trusteeg, remuneratlon The trustees were not pald or received any other beneflts from the Charlty during the year in their capaclty a5 trustees. 11 Related party transactlons N C05ar recelved remuneration durlng the year In her capaclty as Nursery Head. Page 17 Minik K3rdes Limited (Private Company Limited by Guarantoe) Note5 to the financial Statements for the year ended 31 March 2025 12 Government Grants Income from government grants comprrses of grant funding rnade available by local authorltles to fund the chlldren centre running c05t of the Charity. See note 4 for more Infomation and to the amount and sources of these grants. 13 Corporatlon Tax The Charity is exempt from tax on income and gain5 falling within 5ertion 505 of theTaxes Art 1988 section 252 of the Taxation of Chargeable Gains Art 1992 to the extent that these a￿ applied to its charltsble objects. Freehold Property Office Equipment Total 14 TanBlble fixed a55ets Cost: At l April 2024 Additlons Dlsposals At 31 March 2025 466,147 97,171 25,103 10,538 111.736 563,318 25,103 10.538 577.883 466,147 Depredatlon At l Aprll 2024 Charge in year d15PQsal At 31 March 2025 136.818 4,631 73.392 15.080 10.538 77.934 210,210 19,711 10,538 219,383 141,449 Net bookvalue At 31 March 2025 324,698 33.802 358,500 At 31 March 2024 329,329 23.779 353,108 15 Debtors Amounts due withln one yew: 20Z4IZ5 2023124 Fee Debtors Prepayment5 Accrued Income other debtor 35,240 17,781 42,986 13,343 7.117 4,161 19,070 72.091 67,607 16 Credltor5 Amounts falling due within one year. Other taxation & social security Other creditors & accrua15 29.478 87,231 26,732 94,669 116,709 121.401 17 Deferred Income Deferred income comprise advance receipt of nursery fees for 2023124. Balance as at l April 2024 Amount released to income eamed from charitable actlvitles Amount deferred in the year Balance as at 31 March 2025 5,000 15,0001 18,490 5,000.00 18,490 5,000.00 Page 18 Mlnlk Kardes Limited (Prlvate Company Llmlted by Guardnteel Notes to the finandal statements for the year ended 31 March 2025 2024125 2023124 18 Anal￿1$ of (haritable lunds Anatysls of movement In unrestrfcted funds Unre5tricted- Functional fixed assets reserve Balance at l April 2024 Movement In year 353,108 13,622 338,877 14,231 Balance at 31 March 2025 366,730 353.108 Unre5 ricted- General reser¥e: Balance at l Aprll 2024 Movement In year Inter-fund transfers 1,108,922 117,326 113,6221 1,212,626 1,040,326 82,827 (14,2311 1.108.922 Balan¢e at 31 March 2025 Desi ed-staff &ma Balance at l Aprll 2024 Movement In year Balance at 31 March 2025 na ernl fund: 26,472 26,472 26,472 26,472 Runnin costs reserv Balance at l April 2024 Inter-fund transfers Balance at 31 March 2025 405,000 405,000 405,000 405,000 Total 2,010,828 1,893,502 19 Anatys15 bet￿•Th fund balances UnTestrl¢t•d General Deslgnated Total Tanglble fixed assets Cash at bank and In hand Other net current assetsl (liabilitles) 358,500 439.702 358,500 1,696,946 144,618) 1,257,244 144,6181 1.212.626 798,202 2.010,828 20 Flnanclal wmmftments Total future mlnlmum lease payment5 under operotlng leases: 20Z4125 700 2.800 3,500 2023124 Wlthin l year Wlthln two to flve years Page 19 Minik Kardes Llmlted {Private Company Ilmlted by Guaranteel Note5 to the financial 5taternents for the year ended 31 March 2025 zi Balance 114124 Incoming Resources Resour Expended alance at 3113125 L B151ington- N E G L B Islin8ton S F F L B Islington- 2 year old L B Isllngton- 3&4 YO LB Islington brfght start LB lslin8ton-SEND LBI rnaternity LBI Chlldeare subsldy LBI DAF LBI EY Pupil premlum Hackney Learning Trust- 2 year old HacknÈy Learnlng Trust- Children Centre Hackney Learnlrig Trust- Headcountls F F NHS Incredible Years Big lottery Homerton Flrst steps Grant Ald Other miscellaneous London Borough of Enfleld London Borough of Enfield 58,571 115,737 387,490 241,525 188,869 25,113 9.118 380,564 5,296 1.491 96.196 785 88,965 24.600 248.138 4,000 9,952 26.930 8,728 158.5711 1115,7371 1387.4901 1241,5251 1188,8691 25,1131 19,1181 1380.5641 15,2961 11,4911 196,1961 17851 188,9651 124,6001 1213,6381 14,0001 19,9521 126,9301 18,7281 82827 117,327 82,827 1,922,068 11,887,568) 117.327 Page 20