Charity registration number 1081069
Company registration number 03963495 (England and Wales)
EGERTON COMMUNITY NURSERY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
EGERTON COMMUNITY NURSERY LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees M Blum R Freudenberger Charity number 1081069 Company number 03963495 Independent examiner CHS Accountants Limited Lower Ground Floor, 13 High Road London N15 6LT
EGERTON COMMUNITY NURSERY LTD
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 - 14 |
EGERTON COMMUNITY NURSERY LTD
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 30 APRIL 2025
The trustees, who are also the directors of the company, present their annual report and financial statements for the year ended 30 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement 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 102)" (effective 1 January 2019).
Objectives and activities
The charity's objectives are to further those purposes both in the UK and overseas which are recognised as charitable under English Law, in particular the advancement of Jewish religious education.
The charity receives income from charitable donations and fee income, which it utilises in the provision and distribution of grants and donations.
The charity's activity is principally, but not limited to, the provision of Jewish religious education through a nursery for children aged 3 to 5, many of whom come from underprivileged homes. Fees are charged but those experiencing financial hardship can be fully or partly funded, dependent upon the circumstances. No child is refused an education due to financial restraints.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
During the year the charity pursued its objects through operating a nursery. Income aggregated £733,598 (2024: £773,871). Total resources expended was £738,084 (2024: £772,258).
Financial review
The financial results of the charity for the year ended 30 April 2025 are fully reflected in the attached Financial Statements together with the Notes thereon.
At 30 April 2025, the charity had Unrestricted Funds of £115,188 (2024: £119,675).
Reserves policy
It is the policy of the charity to maintain Unrestricted Funds, which include the Free Reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.
Plans for future periods
The future plans of the charity are to continue to provide a nursery and supply high quality Jewish religious education.
Structure, governance and management
The charity is a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: M Blum
R Freudenberger
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EGERTON COMMUNITY NURSERY LTD
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Recruitment and appointment of trustees
New trustees are appointed based on personal competence, availability and knowledge and familiarity with the community which the charity serves. New trustees are inducted into the workings of the charity by the existing trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Organisational structure
The trustees administer the day-to-day affairs of the charity.
The trustees' report was approved by the Board of Trustees.
M Blum
Trustee
25 February 2026
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EGERTON COMMUNITY NURSERY LTD
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 30 APRIL 2025
The trustees, who are also the directors of Egerton Community Nursery Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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EGERTON COMMUNITY NURSERY LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EGERTON COMMUNITY NURSERY LTD
I report to the trustees on my examination of the financial statements of Egerton Community Nursery Ltd (the charity) for the year ended 30 April 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other 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
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4 the financial statements 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 charities 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 other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Pini Shebson ACA
CHS Accountants Limited Lower Ground Floor, 13 High Road London N15 6LT
Dated: 25 February 2026
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EGERTON COMMUNITY NURSERY LTD
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 437,679 60,380 Charitable activities 4 235,540 - Total income 673,219 60,380 Expenditure on: Charitable activities 5 677,705 60,380 Total expenditure 677,705 60,380 Net income/(expenditure) and movement in funds (4,486) - Reconciliation of funds: Fund balances at 1 May 2024 119,674 - Fund balances at 30 April 2025 115,188 - |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 498,059 449,338 57,283 235,540 267,251 - 733,599 716,589 57,283 738,085 714,978 57,283 738,085 714,978 57,283 (4,486) 1,611 - 119,674 118,063 - 115,188 119,674 - |
Total 2024 £ 506,621 267,251 |
|---|---|---|
| 773,872 772,261 |
||
| 772,261 | ||
| 1,611 118,063 |
||
| 119,674 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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EGERTON COMMUNITY NURSERY LTD
BALANCE SHEET
AS AT 30 APRIL 2025
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds 15 |
2025 £ 41,110 82,554 123,664 (34,043) |
£ 25,567 89,621 115,188 115,188 115,188 |
2024 £ 28,338 95,530 123,868 (32,574) |
£ 28,380 91,294 |
|---|---|---|---|---|
| 119,674 | ||||
| 119,674 | ||||
| 119,674 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2025.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 25 February 2026
M Blum
Trustee
Company registration number 03963495 (England and Wales)
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EGERTON COMMUNITY NURSERY LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
| Notes Cash flows from operating activities Cash absorbed by operations 17 Investing activities Purchase of tangible fixed assets Net cash used in investing activities Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2025 £ £ (10,942) (2,034) (2,034) - (12,976) 95,530 82,554 |
2024 £ - |
£ (3,013) - - (3,013) 98,543 95,530 |
|---|---|---|---|
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EGERTON COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1 Accounting policies
Charity information
Egerton Community Nursery Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 87 Egerton Road, London, N16 6UE.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement 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 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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EGERTON COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Fixtures and fittings | 25% |
|---|---|
| Motor vehicles | 25% |
| Playground equipment | 25% |
| Security gates | 5% |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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EGERTON COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 437,679 | 60,380 | 498,059 | 449,338 | 57,283 | 506,621 |
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EGERTON COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
4 Income from charitable activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Fee income | 235,540 | 267,251 | |
| 5 | Expenditure on charitable activities | ||
| Total | Total | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 568,474 | 552,785 | |
| Depreciation and impairment | 4,000 | 4,656 | |
| School expenditure | 91,518 | 110,285 | |
| 663,992 | 667,726 | ||
| Grant funding of activities (see note 6) | 1,300 | 16,460 | |
| Share of support and governance costs (see note 7) | |||
| Support | 69,879 | 82,278 | |
| Governance | 2,914 | 5,797 | |
| 738,085 | 772,261 | ||
| Analysis by fund | |||
| Unrestricted funds | 677,705 | 714,978 | |
| Restricted funds | 60,380 | 57,283 | |
| 738,085 | 772,261 | ||
| 6 | Grants payable | ||
| Total | Total | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Grants to institutions: | |||
| Other | 1,300 | 16,460 |
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EGERTON COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
7 Support costs allocated to activities
| Depreciation General administrative costs Bank charges Insurance Security Governance costs Analysed between: Charitable activities Governance costs comprise: Independent examiner fees Legal and professional 8 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
2025 £ 848 8,198 1,267 824 58,741 2,914 72,792 72,792 2025 £ 2,880 34 2,914 2025 £ 2,880 4,848 |
2024 £ 848 21,736 1,625 786 57,283 5,797 |
|---|---|---|
| 88,075 | ||
| 88,075 | ||
| 2024 £ 2,880 2,917 |
||
| 5,797 | ||
| 2024 £ 2,880 5,504 |
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 |
|---|---|
| Number | Number |
| 50 | 54 |
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EGERTON COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
| 10 | Employees | (Continued) | |
|---|---|---|---|
| Employment costs | 2025 | 2024 | |
| £ | £ | ||
| Wages and salaries | 568,474 | 552,785 |
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Tangible fixed assets
| Fixtures and fittings £ Cost At 1 May 2024 2,602 Additions - At 30 April 2025 2,602 Depreciation and impairment At 1 May 2024 2,342 Depreciation charged in the year 65 At 30 April 2025 2,407 Carrying amount At 30 April 2025 195 At 30 April 2024 260 13 Debtors Amounts falling due within one year: Trade debtors Other debtors |
Motor vehicles Playground equipment Security gates £ £ £ 3,900 32,269 16,960 - 2,034 - 3,900 34,303 16,960 3,809 18,655 2,544 23 3,912 848 3,832 22,567 3,392 68 11,736 13,568 91 13,613 14,416 2025 £ 8,945 32,165 41,110 |
Total £ 55,731 2,034 |
|---|---|---|
| 57,765 | ||
| 27,350 4,848 |
||
| 32,198 | ||
| 25,567 | ||
| 28,380 | ||
| 2024 £ 8,338 20,000 |
||
| 28,338 |
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EGERTON COMMUNITY NURSERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
14 Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2025 £ 24,036 6,323 3,684 34,043 |
2024 £ 27,237 (423) 5,760 32,574 |
|---|---|---|
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 May 2024 Incoming resources Resources expended At £ £ £ General funds 119,674 673,219 (677,705) Previous year: At 1 May 2023 Incoming resources Resources expended At £ £ £ General funds 118,063 716,589 (714,978) |
30 April 2025 £ 115,188 30 April 2024 £ 119,674 |
|---|---|
16 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
17 Cash generated from operations
| Cash generated from operations (Deficit)/surpus for the year Adjustments for: Depreciation and impairment of tangible fixed assets Movements in working capital: (Increase)/decrease in debtors Increase/(decrease) in creditors Cash absorbed by operations |
2025 £ (4,486) 4,848 (12,772) 1,468 (10,942) |
2024 £ 1,611 5,504 5,796 (15,924) (3,013) |
|---|---|---|
18 Analysis of changes in net funds
The charity had no material debt during the year.
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