REGISTERED COMPANY NUMBER: 03943667 (England 9nd WAles) REGISTERED CIL4RrrY NUMBER: 1084213 RT OFTHE TRUSTEES IAL ￿ATEMENT FOR ENDED 30 JUNE 20 FOR HILDCARE LI ITE Staffnrds Chartered Accountants & Stalutory Auditots Unit I, Cambridge House Camtoro Bu%inebs Park Oakington RcTrad, Girton CAMBRIDGE C3rnbridg&shir¢ CB3 OQH STON HI IMITED NT FOR THE Y F THE FINANCIAL S DED 30 JUN TEME P&ge Reference And Admini5trAtive Details Rewrt ofthe Trnsttts Report of the ItideptndentAudito 7 to 10 St¥¢ement of Fin*ttci¥l Activiti B*lxnce Sheet 12 Cash Flow Ststsmtnt Notss to the C¥$h Flow Ststemtnt 14 Nots5 to the Financial Statsments 15 to 22 Detailed StAttmttht of Financial Actlvities 23 to 24 AWST ILDCAR ITED REFERE OR THEY AND AD ENDED 3 TRATIVE D 025 TAILS TRUSTEES Ms C E 3 Whitakcr ChaiT of'fTuslees P E Whiltnell Coinpany Sebretsry DrN Adams EJUHunt A J Monl8otn¢ry (appointed 26111120241 Ms K J Spencer A D Ball {r￿18ned 26111120241 Ms E Chipps I￿51gned 26111120241 Ms K R 14ock]¢y {r¢5igtLa 2611112024) COMPANY SECRETARY P E Whitme]I REGisfERED OFFICE SawstonNur5 Tannery Road SawstoD Cambridgttqhire CB22 3UW REGISTERED COMPANY NUMBER 03943667 (Eng]and Wales) REGISTERED CHAIUTY NUMBER 1084213 AUDITORS Siaffords Chartered Ac¢vUnts￿ts & Siaiulory Audiiors Unit I, Cambrid8¢ House Camboro Bu%iness Park Oakington Road. Girton CAMBRIDGE Catnbridg&shire CB3 OQH BANKERS Naiional Westmin$ier Bank PLC 23 Market Sirttt CAMBRIDGE Cambridg¢shire CB2 3PU SOLICITORS Adanis Harri97n 43 High Street Sawston CANfj3RIME CB22 3BG HEAD OF NURSERY Ms K Spencer Page I WST ILDCAR Ll ITED RT R THE YEA TRUSTE ED E li125 The truslees who are also diiedors of ihe charity for the purpose5 of Ihe Comwucs Act 2006. present their report wilh the fInanGiaI sraiements of the charity for the ycar ended 30 June 2025. The trusttrs have adopted the provisions or Attounling and ReFxirting by Chwities.. Slaietnent of Reconimaided Practice appli&qble to charities preparing their accounis in accordance with the Fi￿claI Reporting Sta)dard applicable in the UK amd Republi¢ of Ireland IFRS 11)2} (effective l January 20191. OWEcfIvEs AIYD AcrivrTIES Policie5 and objrftives The ¢haritablc cornpany wa8 estsbli5hed to 0￿rAt¢ Sawslnn Nursery, whose purpose il is to provide quality childtare for the ¢hildren of rL%iden15 of the villages of Sawsion and Pampi5ford, for thildren whose ￿ar￿nIS work in Sawslorn and if Space Is Still availabl< for the children ol residents of the surrounding vill88es of South Cambridgeshire 8nd adjacent Luunlies. Sawston Nursery is regi%t¢red with OFSTED to Fyovide the equivalent of 68 fv11 timc place4 OFSTED carried oui it$ most re£ent fijll inspection ofthe Nurscry on 3 JanLWy 2024 and found the provision to beoutst8mding in ￿1 ￿. The Nursery is equiprtd and staffed to provide quality caT¢ and eduralion for ail children which in¢lud¢s with additional n¢ed5. Camhridgeshire County Council's Care and Edur4tion Departtt)¢rrt carrics out, upon rcquest from the anagement ofthe Nursc￿> qiiality dcvelopment review5. In Mling objectives and pl￿￿ing for activities. the TTUSt¢es have given due consideration to gencral guidJn¢¢ published by the Charity Con)mi.%5ion Telating to public bentfil. inGluding theguidance"Public Benefit.. running a charity {PB21. Page 2 SAWSTON HI RE LIMITED REPORT OF T FOR THE YE STEES JUNE 202 OBJErfivES AND ACflVtTIES Activities for achÉeviDg objetti¥¢s Sawston Childcdr¢ Ltd is a charitable company es￿blished to O￿al¢ Sawslon Nurs¢ry* a day nursery in Sawston dedicated to Providing high quality ¢hildcare for children of Sawston and the surrounding vill4L5, from the age of 3 onths until they are eligible to bcgin primary school. In the last twelve monthq, the charity h&8 conlinued to work in linc with its objeclives, and provided high quality childeare to all of the children enrolled at the nursLry. The nursery OW8t¢s at. QT nearly aL capaLity in m05t rooms on Tn05t days and h&% a l¢nwhy waiting list of children wailing to join th¢ nursery when a gpace becomes available. The Ch￿Ity's ability to offer addition81 places at the nuT¥ery h45 be£n limited by the natioiiwide recrnitsnent and rdenlion crisis within the childGYe secior, but the nursery's management team has worked diligently to recruit and reikuo sthff to minimisr the irnpacl on the chaTiIy'5 operalions. The charity is cottjmitled to providin8 high quality childLate at affordable rates. and is Tnindful of Ihc impaLt of the cost of living crisis on both stsff at the nurscry and the parents and caregivers of the childtvn We 5UPtK>rt. Through the considerable efforts of the nursery's Truslees we have been able to meet our in¢re4s¢d costs this ytar while supp)rting staff with improved employce benefits and a coiiipetitive pay Incre￿ for most 51aff. The government incr¢ase in employer Nl from April 2025 ha5 had a majoT itnpact incr&*sing payroll co%ts by over £25,0(X) p.& As a resuli paTent fees in April 2025 by 501.. The directors are awatc oFthe Charity Commission guidgJJce on public tertefit and their ry>licies u)Dlinue to reflect this in the or¢raiion of the Nursery in the following ways: al The nursery 0￿rat¢S throughout thc apart frotn the ChristmBS week. b) In litte with their fundiiig budget. the Johii HuniinEdon's Charity ￿]d Sawsiort Childcare work in partnership to sUp￿rt their fatiiilies who may additional financial 8UPPOrt with thildcare. The South Cwnbridgebhirc district team, locAI healihcare workcrs and rn¢rnbers of the Sawstnn Children's cent￿ can also make recorntnendation5 for 5UPtK>n. In tht year ended 30 June 2025, one child benefited for a s￿￿ldIS¢d plac¢. cl Sawstnn Childc8re suprK)rt5 the ¢du￿tIOn and training of fijture childGue providers by PToviding work exper*￿) placements for Students of sevcral loca] setondary, sixth fotm atKi furtli¢r ¢duLalion colle8CS. d) The Nurs¥￿ recnJii$ and swnsors thc triiining of apprenticeships with a view io them progre55ively obt￿nIng qualificdll0ll5 in ¢&rly years ￿￿￿tiOn. el The Nurscry is con%lantlv aw8Je of the rhanging requittmettls in the cotnmunity which tnu5t k balanced with the need for a sthhle and coinitiittcd workfoTf¢. All slaff have und¢rt8ken training in first aid and child proiedion during ihe The Nujsery places an emph&%i$ on leaJnin8 ouidoors. All of the rooms op¢rate freetlow whereby children can ththose whether to leam inside or outside the rootn. lThe rooms also have a covered to provide some shelter during incleinent wthiher. g) Any pcrson ¢nquiritt8 about ch21dcar4 bui ]￿t able to be accommdai¢d by Sawston Childrare, is offered help finding an ￿tem￿liVe by giving details of how to accegs the Council maintained r¢gisler of local childmind¢r5 gnd pre school& h} Being mitldfvl of ils chariiable statu5. Sawsion child¢a￿ maintains its fees at a lcvel ne£Lssary to cover only running costs plus a smdl surplu5 conlingency. i) With the exctplion of the paid H¢ad of Nursery. the director5 of Sawslon Child¢￿¢ Limited w)vid¢ their professional skills and servitts as unpaid volunieets, thcrefore fecs to users of the Nursery be tnailllained at a lower rate. Pag¢ 3 CHIL ARE REPORT OFTHE TR OR THE YEAR ENDED 3 STRATEGIC REPORT AthievtmÉnt5 and performallce Review of Activities The overall numberof children using theNursery overthe past 12 Thonths Showed an deer&w ftL)m 46 to 38 children. 2025 Sawston and Pamp25ford r¢5idents Other Children '] ola] Childrcn attending at 30 June M￿lmu1￿ niimber of places peT day Chtldren 4k¢Tnd to have special needs 38 35 73 58 29 75 The Gharitable coinpany actively prornoles stsff trainin& During the pa51 year, staff have continued working towards. and ad￿eVing NVQ Levels 2 and 3. V8TiQUS rnernbers of siaff have undertaken training in Paediairic Fi￿( A5d, Child Protectioii, and various ¢wrs¢s revisiting the Early Years FoUnd￿10n Stagc Curriculum and the latest OFSTED requirttmenls. FillAlltial rtview Financial position The net unrtsiriLILd 5Utplu% for the year and the movement in fvnd5 for the year was £7,144 (2024.. net surplu8 £6.683). whiGh TL5ulted in an aLcumuI￿ed surplus on unresiricted funds at theyear end of£150.046 {2024.. £142,902J. Atth¢ year end fret rcsetves {t*¢luding fixed assctsl were £122,58012024.. £102.725}. Prirttipll funding source5 Th¢ pr11n(￿Y Sourte of income for the nur&Lry 1$ fee5 received for childc4rt platt& AdditioJMI grants are $ougM fivrn Telev8nt orggnisalions to suprM)rt the o)sls a58ociaied with ￿1ftg for Ghildren with sp¢Lial edtsc4ilional needs. Gov¢T[￿¢￿t-fUndQj hours are also provided. However. the current fvrtding rates for children aged two and aknve result in a finamcial loss to the nursery. Following careful considerdiion, the trust¢C5 have d¢iemitned the nutnber of fvnded hours that c￿￿ be offtred to eligible parents whilc mairtlaining financi￿ sustainability. tiovernmeni and lve rec¢ive up ￿ 11.2 Univ¢rsa] Nursy funded hours ￿ week for 51 we¢ks pery&ir. In addition. childr¢n over 3 may be eligible for EXt¢￿d￿ Funding if iheir parertis med the criteria forworkin8 famili¢& This a)titlcs fatrtilies io additional fuiidingof up to 4 houTS per day* to a m&ximum of 20 fvnded hours perwee Page 4 wsroN CHI RE LIMITED T OF THE TRUSTEE EAR ENDED STRATEGIC REPORT FiDancial review Restrve5 policy The ¢harity Seeks to hold sutTitient Teserves to Continue in operntion without recourse 10 extemd rtnanw It ￿m5 to hold at least £2W.000 in a high int¥￿St d¢￿sIt accourti at IiInes to providc wod(ing copitstl a5 wuired. plgrts Th¢ nur5cry ha5 plans to rt8eneral¢ the outdoor learning area with the provision of a pir* ship atKi new outdoor play equipment. The s¢nsory g￿n w&8 forma]ly OP¢n￿ on 13 Junc 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Coverning do¢ument Thc charity is controlled by its Eoverning d(Kum¢n¢ a dttd of tru4, and constituies a limited tompat)y* limited by guaTantc4 as detined by the Cotnpanies Act 2006. Rttruitinent and appointment of rtew try$tees The m&naxL'Inent ulthc company is the respoDsibility of the Trustees WI￿ ar¢ eJ¢rted and co-opied urtdeT th¢ ierm5 of the tw8t. Organisational strncture •lld decisioll-making politits The coInpany, which operate5 undtr the ntme of %8wston Niirsery. had a board of 6 tW5tees ai 30 June 2025. Four trusiees Ar¢ parents of childttn attending the nursery and were eleC￿d by oth¢T p￿¢171& Apart from the salaried truslec. all other trustees are unpaid and T¢ceive no remuneraiton for thetr 5crvices. All trustea4 a￿ a150 mejnbcrs of the coinpany and guwte¢ to cositribute an ￿Ount not exceaing £10 to the a%5¢1s of the charilable compwiy in the event of winding up. New trustees r¢¢eive induction Irdinin& Thi5 includes appropriaie specialist in%lniction if rtqUiT¢d. The Board of TTusl¢cs has prepared operthionai procedurcs ivhich ate subjert to conslant revicw and ate iTnplemenied by the Head of Nwry. who is reswnsible for the day to day management of the Nur5¢ry. The Board apprgV¢5 other TnatteTS. Key m*n2gem¢nt remuneration M3nagem¢nt ￿rsOnnel are recruil¢d at saI￿les commensur￿ with their lewels of eompetencG qualification5. experienc¢ taking into account their prcvious salary and the salaries of other appliGants. Risk m#n#gÈment Th¢ trusteLE hav¢ a duty to identify and review the risks to which the charity is expos¢d atld to ensure appropriate controls art in place to wtsvide reLwnable as%uranc¢ against fraud and error. The tn￿1CC8 have ¢oDducled their own review of the major risks to whi¢h th¢ company i5 exposed and have established Sy5letns do8igned to mitiuatethose ri5k.%. rinancia] risks in¢lude.' l.The aVOidar￿ of any confltcls of inter¢5tTe5uItTng from the apw>irtthieDt of the Salaried trustee. 2.Ihe loss of income r¢suliing from closure of the nursery following file or other dainag¢. The compaRy jnwntains insurance at a level sufTicieni to provide for loss of inti)rn¢ for aperiod of nvo ycats. 3. A shorta¥e of thildren allending the nuT3ery. Whi15t thc nursery can acrommodate 68 children & any one time the trusttts have approved the decision of the management to reducethe numbtr 10 59. 4. A fujlher 41 childr¢R are registered on the waiting list for placrs as at 30th June 2025. The wailing list 1$ rcviewed on regular basis. 5. Difficulty Tecruiling staff. The company employs 35 stsff. many of whom are long term employe¢& of Ru￿ry staff reprLsertts asignifiwt T15k. 6. Lnss of rtwrds. All records relating to childT¢n and income and exFwditure ae maintained on ￿t￿put￿ 8yslems which are backed up regularly. 7. Ri.%ks to the children. The company tnainlains up to date p)li¢ie$ wvering aIl ar￿S of p)ieniia] risk to the child￿. The p)licies at¢ under ￿nS￿t review by mana8¢tnent p)l¢nlial. Rerruitmeni Page 5 AWST LD ITED REPORT FTHETR THE YEAR . ED30 JUN 2025 CHARITY NAME Th¢ tharity 18 8]so known as Saw$tonNursery. STATEMENT OF TRUSTEES, RESPONSIBILITIES The tri￿le6.9 (who are also the directors of Saw51011 Childciwe Limited for the piirp)s(s of rompatty law) are rLswnsible for pr¢paring the Report of the Tw5lees and the fitwiciaI siatrnents in acwrdancc with applicable law and United Kingdom A¢rounting Siandards {Unt(ed Kingdom Generally AcLepied Accounting Pra¢tir£l. cOmp¥￿Y law r¢quircs the trustees to prepare financtal 51alemet)ts for earli financial yLar. Under ihat law, the iru$teu5 have elected io prepare the fi￿ClaI slaiements in accordattLe with United Kingdom GetwHlly Accepted Aceounting Praclitt (United Kittgdom Accounting Standards and applicable lawl. Under company i&w the tnjstees TllU5t noi approve the fjnantial Statements unl￿S th¢y are satisfid that they giv¢ a true and fair view of the stal¢ of a(raI￿ of the charilahl¢ coinpany and of the incoming rcsourL¢s and applit4itiDn of resources. including the income and ex￿ndi￿re, ofihe Glwitablc cotnpany for that peiiod. In prq)aring those financial 5tat¢tnents. the Irust¢¢s are required to 5¢1¢cl sutrabl¢ aG¢ountingpolitie5 and then apply them consisi¢ntly* obscrve the tnethods and principles tn the Chgrities SORP.. tnake judgemcn15 and e%limates that are r￿nabl¢ and prudent- 51ale wh&her applicable accounling stattdards have been followed, subjeci to any MaleTi￿ departures diw105ed and explained in the financial slal¢menis.' prepare the fIDancial siaiements on the going conc¢rn basis unless it is inappropriate to PTe4ume thai the ch8Jitsble Irnpany will continu¢ in busintss. The trustees are rcsponsiblc for keeping proper ac£ounting re(A)rds which disclose with reasonable acLur2cy at any time the fitllncial p)siiion of the cliariiable conipany and 10 cl￿ble them to ensiire thai the fin￿le1￿ Slalements comply with the Companies Act 2Q06. They al.qo T￿POlis]ble for saf¢guardiiig the &%8¢t5 of the chifit8ble company and hence for taking r￿onable $l¢p5 for the prevention and d￿K￿lon of fraud and otlier irr¢gulatiti¢5. In so far &8 thetriJgte¢s are aware.. there is no relevani audit infonjiation of which the charitable company's auditors are unawgr¢', and the truslets have tsken all slep5 that thcy ought to have taken to rnake themselves aware of any relevant audit infomiation ￿ld to eslablT%h that the auditor5 are aware ofthat infomiaiion. AUDITORS The auditor5, Stafford4 will be proposed for Te-appointsn¢nt at the forthwtning Annllal Generdl Meeting. Rewrt of the Jwslecs. incorporali director4 on a straiegEc rekK>rt, approved by ordtt of the of trustecs. a% the comp8ny and signed on the knard's behallby.. QLeJ]g P E Whitmell- Secretsry RT INDEPEN ON CHILDCARE LI NT AUD MEMBE OF AW Opinro We have audited the financiaj statements of Sawston Childcare Limited (the chatitable ¢ompany) foT the ycar ended 30 June 2025 which comprisc the Siaierncnt of Financial Activili¢s, the Balance Sheet, the Cash Flow Sratement and t￿t¢% to the f1th￿cial 51aitmenl%. including a suminary of siwiifjcani tco)unting wlities. The financial reporting framework that has been applied in their prepararion 15 applicable law United Kingdom Accountiiig Stsn(Jards (United Kingdom Generally A¢¢epted Accounting Pr￿1￿1. In our opinion the financial slalemenls.. give a truc 8nd faiT view of the slate of the charitahle ¢otnpany's affai￿ as at 30 Junc 2025 aThl of its incoming r¢sourtts and application of r¢bources. including its income and expenditure, for theytsqr then ended,. have been properly prepared in accord8nce with United Kingdoin Gcnerally Accepted Acwunting PraLii¢e' and have been prepared in accordance with the rLxwremtnts of the Comp8￿1¢8 Act 2006. Bgsis for opinio We wndtiLled our audit in a¢cordanc¢ with Intemalional Standards ort Auditing (UK) aSAs (UK)) and applicable law. Our Tesponsibiliiieg ufKler those Standards are further dcscribed in Ihc Auditor5, rcsronsibilitie5 for the audit of the fina[￿la1 51aictnvnl% section of our report. We ar¢ independent of the chatitabl¢ company in ac(ordance with the ￿h1(al requirement5 that are relevant to our audit of the financial slalemeni$ in the UK, including the FRC'S Ethical Stdndard. and we have fijifille(f our other ethical responsibilities in &CL4)rdance with these requirunenis. We believe that the a￿111 evidence we have obtained is 5UtYicient and appropriate to provide a basis forour opTrniDn. CoDclusions relgtiDg to going eoneern In auditing the financial stsl¢inenLq, we have concluded that the truste¢5' Use of the going concem basis of acts)unting in the preparaiion nf the financi￿ slatetnents is appropriait. Based on the WOTk we have wformed. we have not identified any maleTi>I uncertaintics relating to events or conditions thai. individually or colleclivcly. may signifi￿t doubt on the tharilable cotnpany's ability to continue as a going concem fora period of at I&￿( twelve monihs from when the fina￿lai staiements are auihorised for i8gu& Our reswnsibililits and the rtswn5ibiliti&8 of the tW5tecs with re5rKct to going concem are d¢scriEtd in the relevant sections of this rerort. Other infornTration The tru8ieo* are rL%rrf)nsible for the other infornialion. The other information compris¢5 the infomi*ion inclu￿ in the Annual Rqy)rL other than the financial staiements and our ReFK>rt of the Ind¢p¢nd¢ntAudiiDr$ th¢￿tt. Our opinion on the finanLiAI stalenitnts doe5 mt cover the other information and. except to the exl¢nt oiherwisc explicitly stated in our ￿pOrt. we do not cxprLSS any fonn of assuranff conclusion th¢rwn. In conntttinn with our audTt of the finanGial slal¥menl%. our responsibility is to tead the other infortnation and, in doing so, coiisider whaher the oihcr inforniaiion is materially iJwn5isl¢nt wilh the financial Slalements or our knowledge obtained in the audit or otherwise appea￿ to be m￿er1211Y misstated. If we ideniTfy such maiLrid in¢oiisistencies 01. apparent Maleri￿ mi.%8lalemenis, we are required to detLnnine whether this gives rise to a tnal¢rial missialeillent in the financial $tstements thLins¢lvcs. Ir. based on the work we have ￿rformed. we conclude thai there is d material misstslement ofthi5 Other infortnation. we are ￿quIl￿d to report that fact. We have nothing to r¢w>n in this regard. Opiniovs on otFLtr m4tters prescrib¢d by the Companies Att 2006 In our opinion, bascd on ihe work undertak-en in the cours¢ of the audit.. the infomiation given in the keron of the Trustccs for the financial year for whirh the fin¥fftcial statements ar¢ prepar•J is cojisisieni with the financial stsicmenls and 'the Rerrf>n of the TruSt￿S has been prepared in ￿cOrdanff with 2ppli¢abl¢ legal requir¢tnents. Page 7 REPORT OF THE INDEPENDENT AUDITO SAW CHIL LIMITE TO THE MEMBEKS OF Mstt¢rs on whith wt are required to report by exteption I￿ the light of the kiiowledgc ￿ undersianding of Ihc chatiiabl¢ cornpany and its environment obtained in th CQUTS¢ of the audiL we have wi identified materiaI tnisslalttntnts in the Keport of the Trustcc We have nothin8 to repK>rt in r¢spcLI of the following tnatt¢rs where the Cotnpanies Act 2006 requir¢5 US to report to you if, in ouropinion.. adeqiiate acwunting records have not been kept or relums adequate for ow audit have tK>t ken reeeiv¢d from bron¢hes not visited by u5. or the fjnancial slai¢tn¢nls are noi tn agreement with the accounting rewrds 2nd returns. or certain disclosures of tTUSt¢es' rcmun¢Talion S￿LIried by law are not made. or we have not received ail the infonnation and explanation5 we require forour audit. Responsibilitie$ of trusttts As explained Inore fi]Ily in the Siatern¢nt of Trust￿, ResrK)nsibilili¢s. the trustees (who arc a]so th¢ dirLYtors of the chariiable conipany for the purp08es of company law) are rcsponsible for Ihe pr¢par&ion of the financial Stsl¢tnenls and for ￿Ing satisfied that they give a true fair vi¢w. and for such Int￿al eontrol as the trnsleLS d¢tenKinc is nec&wry EO enablc the prePar￿10ft of financial slaiements that are free frorn maierid mi.%%lat¢metti. whtther due to fraud or error. In preparing the finaRcial sta1¢men￿ the trtsSIe￿ are resry>nsible for &sses5ing the charitable company's ability to continue as a going conc¢m, disclostng, a5 applicable, tnatt¢rs rel￿& to going concern and ￿sIrtg the going con¢em ba5]5 of accouniing unless the trustees ctther intend to liquidat¢ the chÈriiable wmpgny or to oper&ions, or have no re￿1$(70 altemalive but to do so. Page 8 EPORT OF THE INDEPENDENf AUDITORS T IL IM THE MEMBERS OF Our rtswkrt5ibilities for the audit of the fjnsncial statements Our objectives are to obtain r¢asoDabl¢ 9&8urance alK>ut whetheF the finan¢i41 51al¢tR¢nts 85 a whole a￿ free from material missLltemenL whether due to frdud or error. and io itssue a Report of the Independent Audtlors that includes our opinion. Reasonabl¢ &￿suranCe is a high level of as%urancG but Is not a guardntee that an audit conducled in accordance with ISAS IUKI will always delecl a Inalerial misslalernent when it exists. Misst8lements cgJJ ￿18¢ from fraud or error wt ￿nSidLred maiLY1￿ if. individually or in Ihe aggre841e, Ihey CA)uld ￿nablY be expetled to influence the teonomic deLi&ions of users taken on the b&sis of fjnancial statements. The extwjt to which our pr focu%ing on provisions of thtsse laws and regulations thai had a dirert effect on the d￿tr[￿]nation oltRalerial atnounts and disc105ure5 in the Financi￿ Statements. We have wnsidtred the nature of the indusiry and ¢OrttroI ¢nvironm¢rtt and b￿1ft￿ fratn¢worK itKluding th¢ design of the thrnpangs remuneration p)lici¢s. We hav¢ enouirtd of manag¢tn¢nt in T¢gard to their a55e55tnentof the risk5 of irregularitie5, inGluding fraud. We have omained relevant documentsiion at]d r¢w¢s¢ntations in order to fortn an opinion on pot¢nti&l irregul￿111¢& including fraud. We have reviewed the company's documentsison ofiheir plicies and wocCdUr￿ relaiing to identifyin& cvalualin8. and omplying with laws and regulations, deteGting and r￿p)ildIng to the risk5 of fraud, and the internal controls established to rnitigale the risks of fraud and non-compliattce with laws and regUl￿10n$. Audit procediires rKrfomicd during the audit included transaction testing with a focus on are&q of judgement and eslitnation& and entri¢5 d¢tennined to be large or relating to unusual tranwlion& These audit procedures are designed to provide r¢a50nable a5%urance that the Finan¥ia] SiatLincnts wcrc free from fraud or error. HoweveT, deteLting irrrgulatities that result frum fraud is inherently tnor¢ diffi¢ult than del¢Gling those that result from ernir. &8 thos¢ irrgulariti¢5 that rtsult from fraud Inay involve collusion. deliberate conceaimeni. forgery or iniettiion Misrepr¢￿￿1atItrns. No instances of non w[npli￿Ce wsth laws and r¢gulation5 OT of fraud were communiGated to Us duringthe audit. A fjarther descripiion of our responsibilities for the audit of the finan¢ia] $I&¢Men￿ is I￿ted on the Financial RqK)rting Council's web8ite at www.frr.owuklaudxtorsr¢spon5ibilitie5. Thss d¢s￿iption fornis p2rt of our Report of the Independent Audiiors. Pag¢ 9 T OF THE INDEPEND AUDITORS T WSTON CHIL IMtrED MBERS U$e of our report This rewrt is rnadc 501ely to the charitoble wmpamy's members, as a l￿dy1 in accordance with ChapieT 3 of Part 16 of the CompanÈ¢s Act 21Ki6. Our audit work has br¢n undertaken so that we tnighi stal¢ to thc Ch￿ilable Conip?￿Y's meMt￿r$ Ihoge [natt￿S we are required ID stsi¢ to them in an auditors, repx)rt and for no other purrx)se. To the fullesi extait Jmitted by law, we do not accept or &%%utne res￿nSibIlity to anyone other than the charilable CLirnpatty and the ¢haritable compsny's memb¢r$ 8s a tK>dy* for ourhudil worK forthis report. or for the opinions we have fortned. Matthew Pdiifer fcA (Senior Statutory Auditor) for and on behalf of Staffords Chartered Accountan & Stsiutory Auditi>rs Unit l. Camknidge Ilouse Camboro Biisinc%$ Park Oakington Road. Girton CAMBRtDGE Catnbrid8¢%hire CB3 OQFI Date.. Z8 Page 10 AWST ARE LIMTtED STATEMENT OF FINAN EAR ENDED JAL AcrivrrIES 2025 Tvlal nds 2024 Total fund5 U[￿¢strIcted nd Restricted fund Noi INCOME AND ENDOWMENfs FROM Donations and legacie5 3,400 Charitable Artivities Nuts¢ry 1,011.430 1.011,430 964.982 Inv¢strn¢nt income 3,049 3,049 283 Ttstsl 1,014,479 1,014,479 968.665 EXPENDITtTriE ON Charitable activitles Nurscry 1,007,335 1.007.335 964,575 NET INCOM 7,144 7,144 4,090 RECONCILIATION OF FUNDS Tott￿ fwmls brought fonvard 142,902 142.902 138,812 TOTAL FUNDS CARRIED FORWARD 150,046 150,046 142,902 The tKKes fom) part ofth¢s¢ finaDGial Statements Pagell AW NCHILD LIMITED CE SHEET NE 202 2025 Tovdl fund5 2024 Totsl funds UnN'strided fund R£gtri¢i¢d nd Nole5 FIXED ASSETS Tan8ible abb¢ts 13 27,466 27,466 40,177 CURRENT ASSETS Ikbiors C&sh at bank 14 18,599 339,939 18.599 339,939 1.789 329,957 358,538 358,538 331,746 CREDITORS Amounts falling due within one year 15 {235.958} 1235,9581 1229.0211 NET CURRENT Assrrs 122.580 122,580 102,725 TOTAL ASSETS LESS CURRENT LIABILITIES 150,046 150.046 142.902 NET ASSETS 150.046 150.046 142,902 FUNDS 17 Unrestricted funds 150.046 142,902 TOTAL FUNDS 150,046 142,902 icial slal¢inen were approv￿1 by the Board of Tru5lees and authorised for issue on d were signed on its IK.half by.. C E J Whilak¢r- T￿￿tee The rK>ies fomi part of the8e financial 51alemenl$ Page 12 SAW ILDC MrrED ASH FLOW MENr YEAR END D 30 JUNE 2025 2024 Notes Cash flow$ from operntittg #ctiviti Cash generated from operaiions 9,982 77,642 Net cash provided by operaling a¢tiviti¢s 9.982 77,642 C25h llows from invcsting activities Purdw of t￿￿1b1¢ fixed afi5ets 13001 Net provided byllused in) investing activities (300) Change in cash atrjd ta5h equivalents in the reporting period Cash and ¢A5h tquivalents gt the beginnillg of the reporthhg period 9,982 77J42 329,957 252,615 Cash and c*sh equivalents at the end of the reporting period 339.939 329.957 The notes forni ￿ of th¢5¢ financial statements Page 13 SAWSTON DCAR MITED TO THE EYEAR ASH FL ED W STATE 2025 RECONCILIATION OF NET INCOME TO NET CASH FIA)W FROM OPERATING AcfLviTIES 2025 2024 Net incornt for the reporting perlod las per the Staternelltof FinaTr¢ial A¢tivitits) Adjustments ftsr: DeprLXidtion charges Incrca5e in debiors Increase in cr&1itors 7.144 12,710 116,8091 6,937 12,625 14651 61,392 Net tash pnkvided by op¢rations 9,982 77,(A2 ANALYSIS OF CHANGES IN NET FUNDS At Inr24 Cash flow At3016125 Net eash C&sh 21 bank 329,957 9,982 339,939 329,957 9.982 339,939 Totsl 329,957 9,982 339,939 The rK>t¢s fomi part of these fmaDGial 5latements Page 14 SAwsr N CHILDCARE LIM NOTES TO THE FIN E YEAR ENDED STATEMEN 2025 LEGAL FORM The charity is a registered charity registered in EngIand and Wales numEKr 1084213 and a ¢otnpany limited by guarantee nwnber 03943667 having no Sha￿ Capital irKorporated in England and Walc& Its Tegislered office and wincipal place of busine%s 15 at Sawston Nursery, T?￿nery Road, Saw$ioN c￿bs, CB22 3UW. ACCOUNTING POLICIES Basis of prepsring the fiD8n¢ial 5tstements The fin¥nGial sraleineJiL8 of the ¢harilable company, which is a public benefit entity under FRS 102, have becn prepa￿￿ in acth)Idance with thc Charilic5 SORP (FRS 102} 'Acwunting and R￿orting by Charities.. Siaitm¢nt of Rttotnrnended Practice Jpplicabl¢ to charities preparing Ihcir acwunls in accordajice with the Firmnci RerM)rting Si￿dard applicable irt the UK and Republi¢ of Ireland IFRS 102} leffertive l January 20191,, Financial RckN)rting Standard 102 71)e Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies AGt 2006. The finan¢ial statemeiils have b¢en prepared undLr the historical cost convention. The accounts have i*en pTeP￿ on a going conttrn b&8is. There are maleraa] urtcetsiDtie5 about the chariiy'$ ability to continue. SigNificxrJt judgements Apart froin those judgernenls involvin8 &%lirnation& the management has not made any judg¢m¢nts in thc proc&%$ of applying the enlitv's accouTrling ￿liCIeS that have 5ignif1&9nt effect on th¢ ￿￿o￿nIS re£ogni8ed in the accounts. There are no key assumpiions conceniiiig tht thtUTe or other key sourLL8 of e8timalion uncerthnty at the TeFOrting dale that hav¢ significant risk of rau5ing a material ad1￿￿truent to the Carrying amounts of assets and liabilitie5 Within thc next rep)rting period. Income All Income is reco￿lsed in the Staleineni of Financid Activiti4% onee the Charity has eniitlemertt to the fiTnds it 18 probable that the income will be retsivd and the amowjl can b¢ measured reliably. Expenditur¢ Liabilit1¢5 are recognised Ls ¢xp¢nditure &8 SCK)ll as ther¢ is a Icga] or Co￿¥trUCtive obligation cgmmitting the tharitj 10 thai exwditure, it is probable that a trdiisfer of ewn()tniG benefits will be reqUI￿d in 8ettlemeni and the atllount of the obligalTon ran be illeasured ￿liably. Lxpendittjre is accounted for on an accruals bas'is gnd has beell classified under headings that aggregai¢ ￿1 o)st related to the caitgory. Wh¢r¢ costs canmt be direGIIy attribuied to particular h¢adirEs they have been allocated ￿ ￿1vitI&4 on a basis consi%tent with the use of rL￿oI1r￿eS. CharitAblt #rttvitie5 The trustees are of the view that the charily has oJ¢ tnain activity - to Provide Ghildc8K Charitable activity costs have iherL.fore tr¢n allocated ￿ this aclivity. Allotation and *pportionment of costs Gists are direaly alloLciled to reslricted fvnds wh¢r¢ the costs hawe incurred in acc4)rd&nce with the terms ofthe r￿￿trIc*d fund, Txngibk fixeil assets D¢weciation i$ provided at the following annual rates in order to write off each &8set over it5 eslimaled usefi Tenants, Adaptations Office Equipmtnt FiXiUr￿ and fjttings on cost 20P/oon co$t 20/0 on cost Page 15 Continued... SAWST LIMITED TLS RTH O THE FINAN IA ME ED 30 JUNE 2025 - continu AccoufffiNG POLICIFS- tontintsed TAX9tion The charity is exetnpt froffl corwration on its ¢haTilable aaivities. Fund *oeountiDg u￿r￿triCted funds can be used in accordancewith the charitable objectivcs atthe disLretiotJ ofthe tru5tee8. RegiriLtrd fvrth can only be ustd for particular resiriLILd purwsLs within the objeLlS ofthe tharity. ReslrictiorLq aT15e when s￿ified by the donor or when fkmd$ aTe raised for particular re8iri¢i¢d purwses. Furth¢rexplanation of tht Thaiu￿ and purpose of each fund is inGluded in the notes to the financial 51alements. Pension tosts aryd other post-retirement benefits The charitable cotnpdny Operat￿ a defincd Contribution pension schw)¢. Contribution5 payable to the charitable ¢ompany'5 pension schtxne are charged to the Siaiement of FiDanGial Activities in the period to which they relaie. Cash #t bank and ill hand C*k%h at bank and in h￿id includcs current and d¢wsit accounts held withNational W¢stminsier Bank PLC. Debto Trade and other deMor$ are reco￿lSed at the settl¢tn¢nl amount due after any trade dTscount offered. Prepayments and accrued income 2r¢ iecogni5ed at the amount Ptewd or accrued n¥t of any tr￿¢ discounts due. Creditors Crediiors are rt¢ognised where the chartty has a prcsent obligation rcsulting from a wt eveni thai will probably result in the transfLY of fvnds to a third party and the amount due lo settle the obliuation can be measiircd or cstimaied reliably. Creditors and prowi$ions are ￿rMallY recognised at their s¢ttlem¢nt amount afteT ￿lowIng for any trade dIs￿un￿ due. DONATIONS AND LEGACIES 2025 2024 Donations 3.400 I￿v￿MENT INCOME 2025 2024 Bank intttest 3.049 283 Page 16 continued... SAW HILDCARE NOTE TAT 2025 - tontittued R ENDED 311 J INCOME FROM CHARITABLE A￿1VITIEs 2025 2024 Activity Nursery Nur5¢ry Inu)me froill parent fees Third party f¢¢s 790,478 220,952 878,105 86,877 1,011,430 964,982 CHARITABLE ACTIVITIES COSTS Supwrt costs lsce noi¢ 71 Direct Costs Totals Nursery 918,995 88.340 I,(K>7,335 St￿PoRT COSTS Hum8 Nursery 88340 NET INCOMEI{EXPENDITtniEI Net incomellexpendilure) ts stated after chargingllcrcditin&)'. 2025 2024 Depreciation- owned 12.625 TRUSTEFS, REMUNERATION AND BENEFITS 2025 2024 TnL%tees' s3lari¢5 Trusttts, social securily TTUSttts' pension coniribution5 to tnoney purch￿ schemts 48.723 5,737 1,260 49,425 5,565 1,288 55,720 56278 M5 K Spencer. a trusiee wa5 remunerated in accordance with th¢ articles of the charily. This Ln respect of i*re]npIoytD￿t a5 Ilead OfNursery frotn February 2022 when she w&8 aPFKpillted a tN5tee, Tru5tee5' expensea Th&e were no trustees, expenses ptid for theyear ended 30 June 2025 nor forth¢ year ended 30 June 2024. Page17 continued... WST ILDCA [M￿ED TO THE FINANCIA EYE DED 30 TATEME E20 S-ton io. srAFF COSTS 2025 2024 Wagtt and salarie5 soci￿ 5cLurity costs Oth¢r pension co8t5 671.356 42,382 10,680 620,673 36,588 9,396 724.418 666,657 The average monthly nun]ber ofemployees duringthe year was &5 follows.. 2025 33 2024 35 Nursery Staff Administraiive Staff 36 38 No ¢mployecs r¢¢¢iv¢d emoluments in exctss of £60.000. K¢y management prrsonnel of the charity cotnprisc the Trus*e5. Head of Nuw and Dcputy Head of Nursery. Thc total eniployment benefits of key mwiagcment per50J￿t1. including employer pension contributio￿8 were £97,958 {2024.. £93,898). COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfiviTILS Unri%lricled fund triGt ftind funds INCOME AND ENDOWMENTS FROM Donaiiot]s and legdCive are as follows.. Ina)ming rtsourLes Rcsourees expended Movement in fi)nds Vnrestrieted fulld$ Gen¢ra] fund 965.266 1958.5831 6.683 Restritted fund5 Sensory Garden Fund 3.399 (5,992) 12,5931 TOTAL FUNDS 968,665 {964.575) 4,090 A current ycar 12 month5 prioryty 12 months combined PK)Sition is &8 follows.. Net movement Ai 3016125 At inr23 Unrestricted lunds General fund 136219 13.827 150,046 Restricted funds Sensory Gard¢n Fund 2,593 12.593) TOTAL FUNDS 138,812 11234 150,046 A current year 12 monihs prior yethw 12 months coinbined net movement in funds. in¢lud¢d in the above èr¢ a5 follows.. Incoming resour￿8 Resourc expended Movern￿t fvnd5 Unrestricted f￿ndS General fund 1,979.745 {1,965,918) 13,827 Restrieted funds Sensory Garden Fund 3399 {5,992) (2,593) TOTAL FUNDS 1,983,144 {1,97l.910) 11234 ITiCted Fun on The S¢nwry Garden Fund comprisrt donations and other fvndraising to be sp¢rtt on a Sensory C￿rdelL Page 21 continued... SAW ON HILDCA NOT O THE FINAN TATEME R THE YEA ED30JUNE 2 Continued 18. RELATED PARTY DISCIA)Silli Therewere no rela￿ pgty transaclions for the year ended 30 Jwie 2025. Page 22 SAWST DET STATEME R THEYEAR NDED 30 F FINANCIA IVITI 2025 2024 INCOME AND ENDOWMENrs Donation5 and legg¢ies Donalioiis 3,4 Investment income Bank Int￿St 3.049 283 CharitAble gctiviti Incoine from parent fees Third party fecs 790,478 220,952 878,105 86,877 1,011.430 964,982 Tot*1 in¢oming resources 1.014,479 968.665 EXPENDITURE Charitsble #divities Wa8e5 Social security PeTrsion5 otrice renials and other costs Nursery opcraiTrng tosts Computer ¢o4ts Sensory Gard¢n PTOj¢Gt 622,495 38,526 9,885 124,068 116,297 4,520 3204 586,971 35,205 9.034 123,085 99,707 2,974 55,000 918,995 871.976 Support ¢05ts Trustees. salaries TnJst&s' social s￿lTIty Trust￿￿. pension contributions Wages Social security Pension5 48,723 5,737 1260 (48.723) {5,737) {1,2601 49.425 5,565 1.288 (49.4251 15,5651 {1,2881 re50urce5 Wages SOCI￿ security Pensions MgTketing Bank Charges Cottsulianry and professional fee5 Carried forward 48,861 3.856 795 536 1,251 6,381 61,680 33,702 1,383 362 930 669 6,278 43.324 This page doe5 IM)t forni pan ofthe statutory financial siaiemenis Page 23 STON IL LIMI ILED FOR T TEMENT OF F ANCI ED30 NE2 L ACTIV IES 2025 2024 Hunjan resoknrte5 Broughi forward Aceountancy Independent F￿¥Thine￿$ fre5 Audit fees Shon I¢1￿¢1701d Plant and machinery Fixture5 and fittings 61,680 9,150 43.324 33250 4,800 10,563 .566 581 10,680 1,560 385 88.340 92.599 Total r&qource5 oKpend I.￿7.335 964.575 Net income 7,144 Thi$ page does not form part ofthe staiuiory financial $iat¢tnents Page 24