REGISTERED COMPANY NUMBER: 03948654 (Engllnd and WAles) REGISTERED CHARITY NUMBER: 1085664 REPORT OF THE TR AND Dl'fED FINANC.IAL T￿TI￿Ll¥T OR THE YEAR ENDED 31ST MARCH 2025 FOR CAMBERWELL AFTER SCHOOL PROJE Leroy Reid & Co Chartered Certified Accountants 299 Northborough Road Norbury London SW16 4TR CAMBERWELL A TER CHOOL PROJECT CONI'EN'fs OF TFIK FINANCIAL STATEMENTS OR THE YEAR LNDED 31s'r MARCH 2 P*ge Reference and admlnlstrAtlve det9118 Report of the trustees 2 to 5 Independent exAmlner'$ report Statemeut of Ilnanclal ACtfvl¢les ststement of flnanclAI posltlon 8 to 9 Notes to the flnADelal ststements 10 to 17 Ddalled stydtsment of flnanclil gctlvltles 18 to 19 CAMBERWELL AFFER SCHOOL PROJEcr REFERENCE AND ADMINISTRATIVE DETAILS OR'fiiE YEAR ENDED 31ST MARC.112025 TRUSTEES Ms Angeline Verona Clarke (Chairperson) Ms Aminat Kike Olusamokun (Treasurer) (resigmed 8.10.24) Ms Sabrina Nelson {HR Trustee) (resigned 13.2.25) Mr Duncan James Burden (resigned 8.10.24) Ms Zainab Temitope Shittu Mrs Janina Davies Katarzyna (appointed 13.2.25) Mi&8 Cheryl Carr (appointed 27.2.25) REGISTERED OFFICE 14 Badsworth Road CambeThv¢ll London SE5 OJY REGISTERED COMPANY NUMBER 03948654 (England and Wales) REGISTERED CHARITY NUMBER 1085664 INDEPENDENT EXAMINER Leroy Reid & Co Chartered Certified Accountants 299 Northborough Road Norbury London SW16 4TR Page I CAMBERWELL AwfER SCIIOOL PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 202S The trustees who are also d1￿CtorS of the charity for the purposcs of the Companies Act 2006, present their reFM)rt with the financial ststements of the charity for the year ended 3 1st March 2025, The truslees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prcparing their accounts in accordance with the Financial Reporting Stsndard applicable in thc UK and Republic of Ireland (FRS 102) (effective l January 2019). oBJE￿IVEs AND ACTIVITIES Objectives #Ims Camberwell After School Project (CASP) exists to advance the development and education of children, young people, and adults through: Providing accessible and affordable childcare, edu¢ation, and family learning services. Offering training opportunities to improve employability. personal development, and well-being. Mlgsion Statement CASPS mission is to deliver a holistie range of childcare services to meet the needs of parenls, parti¢ularly single parents in Southwark. London. CASP offers a safe. nurturing environment for children ￿ed 2 to 12 years, supporting parent5 in work, study, or professional development while preventing them from falling into poverty. Key Seryl¢es Breakfast and School Drop-off Sorviee Daily terni-lime service offering breakfast and quiet activilies before accompanying children to school. After School Collection and Actlvltie8 Tem-lime after-school care. including structured activities, play and refrc5hments. EArly Years Pre-school Nursery Affordable flexible nursery provision for children aged 2-4, including fuftded plaGe5. Holiday PIAy8ehemes Full-day childcare during school holiday4 offering a programme of recreational and cducational activities. 5 Speclal Need8 Incluslon Tailored support for children with special educational needs and disabilities, promoting inclusion and skill development. Publlc benefit 'rhe trustees confim that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. CASPS services promote public bcnefit by.. Supporting parents-particularly lone parents-to enter or remain in employment, education, or training. Providing children with a safe, stimulating environment that supports social. emotional and academic devclopmenl. Offering 5ub5idised or grant-furtd￿ Ghildcare to alleviate financial pressures on low-inrome families. Contributing lo community wellbeing and resilien¢e. Volunteers and Community Engagement CASP relies on the d¢diGation of volunteers who provide professional expertise, support s¢rviGes. and tru5tcc Icadership. Their Contributions ensure the charity Gan maintain affordability and service quality. Page 2 CAMBERWELL AFTER L PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 ACHIEVEMEIYTS AND PERFORMANCE Key Achlevements Delivered 7 weeks of holiday playschemcs, supporting 112 children including 25 supported by Southwark HAF programme to provide free holiday playscheme places for eligible children during the Easter and Summer holiday. Operthd 39 weeks of after-school services, supporting 34 regular children. Breakfast Service, benefitting 29 children who attended regularly throughout this financial year. Provided 38 weeks free early years education to 29 children through 15 - and 30-hour funding schemes. DeliVe￿d a twelve-week volunleer work experience placement programme for unemployed individual. Partnershlps CASP worked in collaboration with a range of partners including Southwark Council SL Olave's and St. Saviouls Schools Foundation Ub¢le AgbEro 2100 Programme Max Road CIC Parent Skills - BlaGk Leader5 Support Network Local sGhool4 charities and community organisations Challenges The year presented several significant challenges: Reduced organisational capacity to subrnit funding applications. Lower fundraisin8 success rates. Increase in short-tenn bookings due to parental financial ronstraints. Nil rescrve funds, placing the organisation at risk of insolvency or closure. Declining attendance in the after-SGhool service due to falling school roll5. Senior staff retir¢menls and recruitment diificuliies in sourcing qualified staff. The need to mainlain service quality whilc sustaining financial viability. Acknowledgements The Trustees extend their sinccre thanks to our funders, donor& voluntecrs, staff and partners whose support has been vitsl in enabling CASP to continue its work. Sp¢¢ial thanks to our funder5'. National Lottery Awards for All- Spe¢ial Needs Support (£19,830. Jumbo Charity Trust {£2,7501 St. Olave's and St. Saviour's Schools Foundation (£5,154) London Community Fund - Peabody - Volunt¢¢ring work placement programme (£10,000) N￿COrnen Collett Foundation (£2,000) Southwark Council Equality Grant (£6,354) Southwark Food & Fun (HAF) (£9.670) Southwark Wraparound R¢venue Grant (£31,000) Southwark Wraparound Capital Grant (£9.547) Te8m London Bridge - Volunteering work placement Programme (£3,000) Groundwork - T¢s¢o Healthy Eating Activities Programme (£l.000) All our supporters and donors who h¢lpKd us to raise £9,680. through our Crowdfunding and other fundraising appeals And thher generous 5UPPOrters Page 3 CAMBERWELL AYfER S IIOOL PROJECT REPORT OF THF. TRUSTEES FOR THE YEAR ENDKD 31ST MARCH 2025 FINANCIAL REVIEW Finaneial position The results of the yeavs operation are set out in the attached financial statements on pages 6 and 7. Income for the year primarily came from parental fees and grani funding. Total reserves as of 315t March 2025 stood at £35,073 {2024.' Deficit £41,126). Free reserves remain at £nil, below the target of three months, operational costs (£60.000).Income for the year was generated primarily through parental fees and grant fimding. Total reserves at 31 March 2025 were £35,073. (2024 Deficit £41,126) Free reserves remain at £NIL, which is significantly below the target of three months of operating costs (£60,000). Reserve8 policy CASP aims to mainlain unrestricl¢d reserves sufficient to wver three months of operating expenditure. This is reviewed annually to ensurc an appropriate balance between sustainability and affordability. The current shortfall highlights the urgent need for increased and more sustainable funding sources. FUTURE PLANS Review the organisational structure and 5crvice model. Increase the number and quality of grant application5. Expand community outreach to increase service uplakc. Strengthen volunteer recruitment, retention and training. Implement cost-saving measures to mitigate rising operational costs. Work with ihc Southwark Wraparound Service to expand capacity and deliver services within school buildings. Invest in more consislent and gffective fvndraising activities. Explore opportunitics to expand nursery provision and secure additional funding strcams. Upgrade fire safety systems (supported by St. Olave's and St. Saviou¢s). Expand funded childcare placements. Continue dclivering holiday playschemes for both working and non-working familic5. Diversify income sources to build a more stable financial bL8e. Secure a long-temi leasc for the Badsworth Road Centre. Undcrtake service re-evaluation and organisational revicw. Develop succession planning in anticipation of the CEO'S retirement. Celebrate 40 years of service to children and familics in Southwark. Conduct an impact assessmcnt Survey, including engabicment with CASP alumni. Produce an annual impact r¢port, STRUC'fuRE, GOVERNANCE AND MANAGEMENI. Govtrning document The charity is controlled by its governin8 documenL a de¢d of trusL and constitute5 a limited company, limited by guarantee, as defined by the Companies Act 2006. CASP is registered with OFSTED 8nd in line with the Children Act 2004. Recrultment and appointment of new trustees l-ruslccs volunteers selected for their divcrse exp¢rtis¢ and ¢ommitment to CASP'S mission. Recruitment emphasises representation from pO￿ntS and the local community. Organi8Atlonal structure The day-lo-day management is delegated to the Chief ExeGutive OtTi¢er, supported by part-time staff and volunteers. The Board of Trustres oversees strategic decisions and policy implcmenlation. Reloted parties There were no related paty transactions for the year under review or the previous year. Risk mAnagement The Trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensur appropriate controls are in place to provide reasonable assurance against fraud and error. Regular risk a5SeS5ments are ondud¢d to address financial. operational, and compliance risks. Page 4 (',1.11 iiTr-, iiii'i-. 1.1, ..1 b-'l-fr'.R SC.'I I()()I. I)RC.)J F'L"I- Ilb:l?()R'l ()I, I'IIF. I-RL.S-I-Tr:1,',5 UR I'II F. }_ I,.,IR l..NI l)b:l) .I1S'1 ,11.,IRI'II 2U25 SI.47'EMI F.N'f OF TRUSTLES, RF.SPONSIBILII'IES Compdi)y li{{),Ib'C"I' (IIF:CIl.%TI.-Rb:l) NU_.fv11114'_R: 113Y411644) -11,%'I .11..IRLII 2U?4 'riiL.SL financ I ill sl.'IlLIIILiil% 1141k'L been pr¢pared in accordance with th¢ provisions appltcable lo charitable comp&nie8 Iil)jLLt lo the siiwll L<)I))I):IIIiLN iibim¢. The IiiTr&lllL ial .'1111)1'Iii'¥￿ by Ili¥ Board of Trustees and 4uthorised for issue and M LrL SlbyiiL'(l iiii its behal (' l)y'. Ms Angeline Ilerona CIArke - Trustee notes torni part of these financi81 stateTnents Page 9 CAMBERWELL AFfER SCIIO LPR JECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES BASIS OF PREPAIUNG THE FINANCIAL STATEMENTS The financial statements of the charitable wmpany, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Acwunting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing iheir accounls in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in th¢ UK and Republic of Ireland, and the Companies Act 2006. The financial slatemcnts have been prep￿ed under the historical cost convention. INCOME All income is recognised in the Statement of Financial Activities once the charity has enlitlement to the funds, it is probable that the incorne will be received and the amount can be measured rcliably. EXPENDITURE Liabililics are recognised as expenditure as soon as ther¢ is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals b&sis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS Depreciation is provided at thc following annual rates in order to write off each ￿Se1 over ils estimated useful life. Plant and machinery Fixtures and fittings 25Yo on reducing balance 25 /0 on reducing balance TAXATIOIY 'rhe charity is excmpt from corporation t&x on ils charitable activities. FUIYD ACCOUNTING Unreslri¢t¢d funds can be used in arxordance with the charitable objectives at th¢ discretion of the trustees. Restricted fvnds c4n only be used for particular restricted purposes within the Obj￿1$ of the charity. Restrlctions arise when specified by the donor or wh¢n funds are raised for particular r¢5trithed purposes. Further explanation of the nature and purpose of each fimd is included in the notes to ihe fIn￿rIal 51atements. PENSION COSTS AIYD OI'HER POST-RETIREMEiYf BENEFITS The charitabl¢ company operates a defined contribution pension ￿h¢Me. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Aclivitie5 in the period to which they relate. Page 10 continued... CAMBERWELL AFTER SCIIOOL PR NOTES TO THE FINANCIAL STATEMENTS- continued FOR TIIE YEAR ENDLD 31ST MARCII 2025 DONATIONS AND LEGACIES 2025 2024 Donations 9,680 17,397 OTHER TRADING ACTIVITIES 2025 2024 Fundraising events 2,466 1,839 INVESTMENT INCOME 2025 2024 Deposit account interest 746 510 INCOME FROM CHARITABLE ACTIVITIES 202S 2024 After school nd playscheme Efirly year5 funded plvdcement Total Activitle8 Total #ctlvltles Parents Fees Southwark's Early Years Free Education Grant St Olave's & St Saviour School Foundation Newcomen Collett Foundation Soulhwark Council Community Projcct Team London Bridgc Peabody Community Fund Senco Grants Southwark Food & Fun ChArterhouse Southwark Council Community Proj¢cl - Windrush Souihwark Council Equality Grant Jumbo Charitable Trust T¢sco Ground work UK 84,178 84,178 76,860 108,872 108,872 5,154 2,000 41.137 3,000 10,000 19,830 9,670 71,140 3,000 1.000 5,154 2,000 41,137 3,000 10,000 19,830 9,670 5,940 7,000 1,4 11,534 2,750 6.354 2,750 1,000 6.354 2,750 1,000 185,073 108,872 293,945 180,624 Pagell continued... AMBERWKLL AFTER SCHOOL PROJECT NOTKS TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31ST MARCH 2025 CHAIUTABLE ACTIVITIES COSTS Dlreet Costs (see note 7) Charitable aGtivities 229,431 DIRECT COSTS OF CHAIUTABLE A￿1VITIEs 2025 2024 Staff costs Telephone Postsge and stationery Advertising Catering utensils Children activities Children entertainment Cleaning cost Education materials Outing and entrance fees Refreshmenls Travel cost Volunteer cost Pmfessional fee5 Computer and IT cost Due and Sub￿rIption Bank charges Agency staff Training Premises & OtTice cost5 Depreciation 181,103 3,254 443 685 379 419 1,862 1,138 1.877 204 4,836 3,594 287 4,746 2,590 1,556 98 240 1.312 16,708 2,100 227.038 3.150 317 437 204 2.480 44 1,255 1.953 1,092 4.764 1,887 483 2,734 3.419 1,231 ioi 324 1,212 10,048 1,666 229,431 265.839 SUPPORT COSTS MAnAgemen Oth¢r resources expended 1,800 NET INCOMEI(EXPENDITURE) Net in¢ome/(¢xpenditure) is stated after ¢hargin@(crediting): 2025 2024 Dep￿lation - owned ￿Sets 2.100 2.516 Page 12 continued... CAMBER ELL FTER SCHOOL PROJECT NOTES TO THE FINANCIAL STATEMENTS - eontinue FOR THE YEAR ENDED 31ST MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 3 1st March 2025 nor for the year ended 3 1st March 2024. TRUSTEES, EXPENSES There were no Irustees, expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. ii, STAFF COSTS 2025 21f24 Wag¢s and salasies Social Security c05t5 Other pension cosls 166,125 9,996 4,982 209.596 12,158 5,284 181,103 227,038 The average monthly number of employees during the year w&s &s follows., 2025 2024 Admin and Childc8re No employces received emoluments in excess of £60,Crf)O. 12. TANGIBLE FIXED ASSKTS Fixtures And flttlngs Plant and mwehlnery Tota15 COST At 1st April 2024 and 31 st March 2025 36,492 57,047 93,539 DEPRECIATION At I st April 2024 Charge for year 34,992 375 50.149 1,725 85.141 2,100 At 3 1st March 2025 35.367 51,874 87.241 NET BOOK VALUE At 3 1st March 2025 1,125 5.173 6,298 At 3 1st March 2024 1,500 6,898 8,398 Page 13 continued.. CAMBERWELL AFTER PROJECT NOTES TO I'HE FINANCIAL STATEMENTS- eontilluod FOR THE YEAR ENDED31ST MARCH 2025 13. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors 1,219 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdraft5 (see note 16) Trade creditors Social security and other t&¥es Pension Fund Other creditors Pareni deposit held Hall hire deposit Accrued expenses 10,783 1,193 1,155 1.051 2,930 4,367 220 1,800 10,783 2.362 7,960 1,974 33,604 3,323 120 600 23.499 60.726 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans {sce note 16) 15,354 26.138 16. LOANS An analysis of the maturity of loans is given below: 2025 2024 Amounts falling due wiihin one year on demand: Bank loans 10,783 10,783 Amounts falling due betwocn two and five years: Bank loans- 2-5 years 15,354 26,138 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 TotHI funds 2024 Total rund8 Unrestrleted fund Restrleted fund Fixed ass¢ls Current assets Current liabiliti Long tenn liabilities 6,298 8.357 (23,499) (15,354) 6,298 67,628 (23,499) (15,354) 8.398 37,340 (60.726) (26,138) 59,271 (24,198) 59,271 35,073 (41,126) Page 14 continued... AMBERWELL AFTER SCI.IOOL PROJ NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST MARCH 2025 i& MOVEMENT IN FUNDS movement ill funds At 31J.25 At 1.4.24 Unrestricted thllds General fund (43,724) 19,526 (24,198) Rutrleted funds Restricted fund 2,598 56,673 59,271 TOTAL FUNDS {41,126) 76,199 35.073 Net movement in funds, included in the above are as follows: Ineomlng resources Resourees expended Movement In funds Unre5trleted funds General fiu 223,359 (203,833) 19.526 R¢gtrieted thnds Restricted ￿nd 84,071 (27,398) 56,673 TOTAL FUNDS 307,430 (231,231) 76,199 Comparative5 for movement In funds Net movement In funds At 31.3.24 At 1.4.23 Unr¢strieted ￿lld5 General fund 23,350 (67,074) (43,724) Reytrlcted fund9 Restrithd fund 2,598 2.598 TOTAL FUNDS 25,948 (67,074) (41,126) Pagc 15 continued... AMBERWELL AFfER S PR JLcr NOI'ES TO TFIE FINANCIAL STATEMENTS- contlnu FOR THE YEAR ENDED 31ST MARCH 2025 18. MOVEMENT IN FUNDS - ¢ontinued Comparative net movement in funds, included in the above are &s follows: Incomlng resourtes Resources expended Movement in funds Unrestricted fvnd8 General fund 178,721 (245,795) (67,074) Restrleted funds Restricted fund 22,684 (22,684) TOTAL FUNDS 201,405 (268,479) (67.074) A current year 12 months and prior year 12 months combined position is ￿ follows: Net movement In fvnds At 31.325 At 1.4.23 Unre8¢rlcted funds General fiind 23,350 (47,548) (24,198) Restrlcted funds Restricted fund 2,598 56,673 59,271 TOTAL FUNDS 25,948 9,125 35,073 A cu￿ent year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: Incomlng resourc Resouree8 expended Movement ID funds Unrestrleted fiinds General fund 402,080 (449.628) (47.548) Restrleted thnds Restricted fund 106,755 (50,082) 56,673 TOTAL FUNDS 508,835 (499,710) 9.125 Page 16 continued... CAMBERWELL AFTER CH OL PROJE NOTES TO THE FITYANCIAL STATEMENTS- ¢onlinued FOR I'HE VEI AR ENDED 31ST MARCH 2025 19. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31st March 2025. Page 17 CAMBERWELL AFTER SCI40 L PROJECT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Tot21 funds Unrestrieted funds Restricted funds INCOME AND ENDOWMENTS Donations And legacies I)onalions 9,680 9,680 17J97 Other tradlng actlvltleg Fundraising events 2,466 2.466 1,839 Inv¢stment Income Deposit account int¢rcst 746 746 510 Charltible actfvltles Parents Fees SoUthW￿k,5 Early Years F'ree Education Grant St Olave's & S¢ Saviour School Foundalion New¢omen Collett Foundation Southwark Council Community Project Team London Brid¥e Peabody Community Fund Senro Grants Southwark Food & Fun Charterhous Southwark Council Community Project- Windrush Southwark Council Equality Grdnt Jumbo Charitable Trust Tesco Ground work UK 84,178 108.872 5,154 2,000 84,178 108,872 5,154 2,000 41,137 3,000 i 0,000 19,830 9,670 76,860 71,140 3,000 1,000 41,137 3,000 i 0,000 19,830 9,670 5,940 7,000 1,400 11,534 2,750 6.354 2,750 1,000 6,354 2,750 1,000 209.874 84,071 293,945 180,624 Other ineome Hall Hire 593 593 1.035 TotAI Incomlng resourees 223,359 84,071 307,430 201.405 EXPENDITURE Charltable a¢tlvltie8 Wag¢5 Social security Pensions Telephone Postage and stationery Advertising Catering utensils Children activities Children entertainmenl Carried forward 149.490 9,363 4.982 3,254 443 16,635 633 166,125 9.996 4,982 3,254 443 685 379 419 1.862 188,145 209,596 11158 5,284 3,150 317 437 204 2.480 44 233,670 685 313 66 419 1,862 169,879 18,266 This page doe5 not forni part of the statutory financial statements Page 18 CAMBIRWELL AFfER SCHOOL PROJLCT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 202S TotAI funds 2024 TotAI funds Unrutrleted funds Restricted funds Charitsble Activltles Brought forward Cleaning cost Education materia15 Outing and entrance fees Refreshments Travel cost Volunteer cost Professional fees Computer and IT cost Due and Subscription Bank charges Agency staff Trainin8 Premises & Office costs Depreciation of tangible fixed assets 169.879 1.138 1,357 204 4,332 3.594 18.266 188,145 1.138 1,877 204 4,836 3,594 287 4,746 2,590 1,556 98 240 1,312 16,708 2,100 233,670 1.255 1,953 1.092 4,764 1,887 483 2,734 3,419 1,231 ioi 324 1,212 10.048 1,666 520 504 287 2,329 2.417 2,590 580 98 240 976 1,312 3,204 13,504 2,100 202,033 27.398 229,431 265,839 Other Bank loan inlerest 2.040 Support costs Management Examination fee 1,800 1,800 600 Total resources expended 203,833 27,398 231,231 268.479 Net {expendltureyincome 19.526 56,673 76,199 (67.074) This page does not forni part of the statutory financial statements Page 19