## **Charity registration number 1086957 (England and Wales)** **Company registration number 4148695** **COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES LEGAL AND ADMINISTRATIVE INFORMATION Trustees Matthew Goodwin (Chalr) Sue Cleaveley Ivice Chalrl Mlchael Fountain Jackie Warren Stephanie Cufley Sophy Louth Lynne Tandy Sara Caine Nadina Walsh-Gonzales Paul Conroy Graham Allan (Appointed 21 June 20241 (Appolntad 24 July 2024} Charlty number (England and Wales} 1086957 Company number 4148695 Prlncipal addre55 GrO￿ng Plac8S@Mill Hill Mill Road Waterlooville Hants P07 7DB Regist8rod office Growing Places@Mill Hill Mlll Road Waterfooville Hants P07 7DB Audilgr F J Wilde FCCA MBA DChA Warn8r Wilde 4 Marigold Drive Bisley Surrey GU24 9SF COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES CONTENTS Page Truslees, report ststement of Trustees, responslbilities Indep8nd6nt audilorfs report 10-13 statement of flnanclal activtties 14 Balance sheet 15 statémanl of cash flows 19 Notes to the financlal statements 16-28 O Growingplaces TRUSTEE / DIRECTORS REPORT- I" April 2024- 31" March 2025 Introduction The Trustees / Directors present their annual report and audited accounts for the year ending 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's Igoverning document], 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 IFRS1021 (effective l January 20191" an Structure COM MUNITY CHI LDCARE CENTRES (Growing Places) is an incorporated, not-for-profit, company registered by guarantee, and is also registered as a charity. The company was founded on 26January 2001 and registered as a charity on 7 June 2001. Company details and accounts information is submitted on an annual basis to both Companies House (registration number 41486951 and the Charities Commission (registration number10869571. Its activities are governed by its Memorandum and Articles of Association. COMMUNITY CHILDCARE CENTRES IGrowing Places) have7 childcare settings, all registered with Otsted, providing nursery and out-of-school provision for children aged up to, and including,11 years of age. The nurseries (Nl and out-of-school clubs IOOSI within the boroughs of Havant and Fareham are: Growing Places @ Havant Academy, Wakefords Way, Havant INI Growing Places @ Little Acorns, Wickham IN&HC) Growing Places @ Merryfields, St Anne's Grove, Fareham INI Growing Places @ Mill Hill, Mill Road, Waterlooville IN&OOSI Growing Places @ Morelands, Crookhorn Lane. Waterlooville IN&OOSI Growing Places @ Oak Meadow, Tewkesbury Avenue, Fareham IN&OOS} Growing Places @ Berewood, Kentridge Fload, Waterlooville Hants IAscl Governance and Mana ement The governing body of COMMUNITY CHILDCARE CENTRES (Growing Places) comprises of the CEO and the Board of Trustees (who are also the director5 for the purpose of company lawl. The Board of Trustees meet as a full board three times a year and at various times throughout the year in delegated subcommittees as required. The Board are responsible for the strategic direction of the company/charity. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up. A scheme of delegation is in place such that day-to-day responsibility for the provision of services rests with the Chief Executive, the Company Leadership team and Leadership teams in setting. Page I O Growingplaces Date of. Appointment Re-elected Reslgnation lif within year) (Due to 4yr.. retirement otherwise} Nov 2028 VICE Nov 2026 Nov 2028 CHAIR Feb 2024 Sue Cleavle Michael Fountain Matthew Goodwin Christina Gray Community Trustee Parent Trustee Community Trustee 14,01.2016 27.11.2018 14.03.2013 n/a nla n/a Parent Trustee 10,022020 Retired 30nott024 n/a n/a Paul Conro Jackie WarrÉn Parent Trustee Chief Executive Officer ICEO Community Trustee Parent Trustee Parent Trustee 21.06.2024 29.04,2013 June 2028 Nov 2028 50 hy Louth Ste hanie Cufley Sara Atterton- Caine Graham Allan Nadine Walsh- Gonzalez LynneTandy 14.11.2021 14.12.2021 21.11.2023 Nov 2028 Nov 2028 Nov 2027 nla n/a n/a Parent Trustee Parent Trustee 24.07.2024 05.02.2024 Jul 2028 Feb 2028 nla n/a Community Trustee 29.05.2023 Feb 2028 n/a any Leadérshi Paula Sto les Carlle Powell Business Manager lead of Nurseries Setting Leadershl Little Acorns Havant OOSC- Lauren Flutter Nurser . Jess Eaton Nursery: Tia Fletcher OOS Club: Chris Warren Nursery. Sam Martin After-school OOS '. Sam Martin (Closed Ma Nursery.. Shelley Adams OOS Cluk): Shelley Adams Nursery., Ja ne Grist Angela Mcgeady Morelands 20241 Oak Meadow Closed Jul 20241 Merr fields Berewood ASC Alongside the Chief Executive, the Trustees IDlrectors} have overall responsibility for the governance of COMMUNITq CH ILDCARE CENTRES (Growing Places), ensuring that the companylcharity has appropriate control systems Ifinancial and otherwise) in place, and that these are reviewed and/updated as is appropriate. The Chief Executive Off icer and Trustee responsibilities include.. ensuring that there is a clear structure for governing the organisation, including defining the role of any focus groups or sub-committees. giving strategic direction, determlning, and safeguarding the mission and vision of the company/charity. acting prudentlyto protect the assets and property of the company/charity. acting as a responsible employer. Page 2 O Growingplaces ensuring proper records are maintained and financial information. used within the charity or for publ ication, is reliable. ensuring that the company/charity complies with its own governing document, relevant laws/regulations and the requirements placed upon it by its funders and/or other bodies. reviewing the risks to which COMMUNITY CHILDCARE CENTRES (Growing Places), is subject, taking action to mitigate these risks and to ensure sound risk management. Com an Vision Mission Ethos 'CREATING THE FUTURE BY INSPIRING THE MOMENr TOGETHER we develop sociable, articulate, responsible, caring children with a tolerance, understanding and respect for each other and their community. Mission= Growing Places is a 'FAMILV committed to enhancing lives. raising aspirations, and creating opportunities for all stakeholders (children. their families, employees, volunteers and the Community) Ethos Culture: Growing Places RAISES ASPIRATIONS for all who are part of our setting We provide a range of opportunities to encourage children to explore, think for themselves, work collaboratively with others, recognising that it is only through making mistakes that real learning happens. In doing so. we build children's resiliencè, self-esteem and self-belief, encouraging positive attitudes for life. We value each child as an individual with rights, responsibilities and a voice that should be heard. with creativity and play at the centre of all we do. Kindness Respect Responsibility To do this, we: Value each child as an individual, with rights, responsibilities and a voice that should be heard. Value our teams, ensuring continued investment in professional development, to be the best we ca n be. Value our families and wider community: creating a diverse environment with tolerance and understanding towards each other, recognising and valuing the importance of childhood. To fulfil this Mission, we will focus on.. l) Be committed to safeguarding and promoting the welfare of Children and Young people. 21 Delivering an excellent service, which is flexible in meeting individual and community needlsl 31 Strengthening parental and community partnerships 41 Growing our people, securing the team of the future 51 Developing the Growing Places Approach including Ichildcare and Education, Community and Training) 61 Ensuring good governance 71 Maxirnizing potential opportunities, to enhance/extend current provision and long-terrn sustaina bi lity. Ethos - Growing Places will RAISE THE ASPIRATIONS for all who are part of our settings. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Page 3 Growingplaces view and ￿lebratIon of Actlvltles a We continue to reflect on changeswithin our children,families and wider communities to ensure we meet the changing needs and continue to serve the communities effectively. Our biggest asset has always been our people and this year,. recruitment and retention ha5 been the biggest challenge to Growing Places conslstency of delivery, We continue to invest in our team members professional development, through staff shortages and high sickne55 levels. These are challenges faced by all in our profession currently. We purchased an online and H&S platform and are hoping to develop the support we get from this, to include supportfor individual team members EmployeeAssistance Programme. Thiswill give us the ability to signpost team members for special 1st support for mental health and other health related problems they are facing. We enrolled 11 team members on their level 3 ch ildcare course and 8 on level 5 through the apprenticeship programme, in partnership with our local further education provider, HSDC. Our partnership with this provider allows us to tailor courses and delivery to meet our needs as a business as well as the legal guidel ines and we are looking to develop this partnership further to support professional relationships in the coming years. To meet the costs of these apprenticeships we were delighted to work with larger businesses to share their apprenticeship le￿ fund. We had 2 managers attend a specific leaders retre2t programme through Alice Sharpe training and 5 team members who attended her play retreats for under 3's and over 3's. We held a leaders retreat inhouse, with 6 managers and 3 lead team members and the SMT spending time developlng our vision and curriculum for the future, hosted by Alice Sharpe training. Three members of the management team successfully completed the EYPDP (Early Years Professional Development Programmel and are able to use this to develop more consistent programmes to SLJpport speech and language, maths and personal, socia5 and emotional support to all children in our settings. The four company ELSA'S have continued to be assessed and remained current in their qualification and knowledge, We have reviewed and made some significant changes to the induction programme, including more online opportunities for all as well as more specific courses being identified and accessed to Support development of skills and expertise. This is being reviewed to develop a shorter refresher induction programme for existing team members, to revislt and ensure consistency of standards acr055 the company. Our family supportworker has given support to over100 familiesthisyear, including an increasing number of team members. They have accessed household white goods, toiletries, bedding, clothing vouchers, food vouchers, and school clothing and signposting those who need other support with finance, CAMHS and housing. We have developed our relationships with external agencies to enable us to signpost effectivelyand quicklyto gain the support needed for our more vulnerable families orfamilies in crisis. We were delighted to move into our new community building atAnders House, in Jubilee Park and have successfully been delivering afterschool and holiday provision for 5 socal schools. We also facilitate Zumba class, and some sessions being delivered by HBC Get Up and Go group. Second Bloom grows in popularity in its new home at Anders and our volunteers are able to offer more events aswell as moro indivldualised support for families and individulas, raising in excess of £1,000 which has gone directly back into supporting vulnerable families with clothing, school uniform, bedding, warm c5othing and pyjamas for winter, household Items and Chrislmas hamper& Page 4 g Growingplaces We closed our setting at Havant Academy school in Dec 24 and successfully relocated to Havant Plaza in January 2025. The setting continues to develop its successful reputation withi n the community whère Growing Places journey started over 28 years agol We have continued to develop our settings, refurbing all, with 2 new kitchens being fitted, flooring replaced throughout settings, and new equipment, furniture and resources being purchased to refresh and keep the settings of a high standard. We were lucky to gain capital funding, as part of the government capital funding programme, to dovelop more childcare Spaces. Two of our nurserles will increase their capacity in the new year to meet i ncreasing need for spaces, due to the increased number of children who will be eligible for the roll out of funded under 2 spaces in Sept 25, We 2ttended the NDNA confer@nce where Growing Places at Morelands won the community support award for Early Years. This was followed by Growing Places being awarded Highly Commended for Early Years Education in the prestigious TES awards. Oak meadowwon a communityflowers in bloom award for their nursery garden in the spring of 24. At the National Nursery World Awards Growing Places @ Little Acorns were awarded highly commended for Early Years outdoor provision and our CEO Jackie Warren won Outstand ing Achievement Award, Two of the leaders delivered a presentation on how we have developed our community Sustainability pillar to delegates at a nursery world conference in Nov 24 and were invited to develop an article to be published in support of this work. We started a pilot scheme for delivery of our alternative provision sessions at Little Acorns, in partnership with 3 local schools, at no cost whilst we assess the project viability and success. The initial feedback is very positive. Our nurseries have continued to visit the care homes as part of us developing our own intergenerational approach and are part of a r)ational group of professionals collating evidence and outcomes as a project called Born 4 life, We continue to document the outcomes for elders and children during these visits, We have continued our relationship with Ready Generations who have given us great support in developing our knowledge with this concept of a linked-up approach with Nursery and Care Homes. We have been taking part in a project 'Creating intergenerational Communitie5' Pilot Toolkit, with other groups to develop a toolkit to support others in developing this approach. Future P ans: Continue to workwith likeminded people and groups to change education in this country, by influenclng legislation through local and central government, through making children's learning visible and valuedl To continue to develop partnership working with our local training provider to offer a moro enrichod programme for apprentices and develop tailored workshops that meet our teams growing professional nèeds, growing our own expertise within Growing Places, that can then be shared internally & externally. To share the new Parent fundamentals brochure for parents, explaining how we work, what they can expect and what we expect from them, from Sept 25. Continue relationships with other earlyyears experts and consultants and develop partnerships to share expertise i n this country and internationally. Page5 Continue to research & work with others in the communityto secure funding for and developing services to offer varied opportunities for 5-16-year-olds to feel valued members of the community, as strong citizens, with a voice and a contribution to make. To open a Growing Places intergenerational nursery, to continue to support the work we have been undertaking over the last 10 years. To continue to invest time in supporting the growing numbers of children with additional needs. Developing new procedures and updating policies and communications that managp parent's expectations of inclusive practice within Growing Places. To develop the sensory room and other spaces to support children who need e*cra support in our communities, To continue to develop Growing Places Training Centre with Set program mes ready to deliverto other professionals, developing and marketing our CPD offer, in partnership with external supporters like Joseph Rowntree Foundation. To continue to raise tho profile of Growing Places Approach - being récognised as one of the leaders in innovation in early years Continue Ecology and sustainability methods at all settings and aim to develop a recycling centre for waste materials from local businesses to be used in our settings, other nurseries and the local communities. Researching the 5sustainability pillars and working with other leaders i n the sector. Delivering our community pillar presentation and developing our own sustainability policy and procedures. Continue to researc.h the possibility of openirig a school / alternative curriculum run following Growing Places Approach. Have our alternative provision se5sion5 registered with HCC, PCC and other local a uthorities. Continue to actively seek out our own buildings for future security of the charity. Continue to research the possibility of a SEND provision to meet the increaslng needs of chi Idren with special rights. We recognise that there will need to be a huge investment in staff retrainlng and upskilling again nextyear, if we areto continue to meet the changing needs of our children and families, speech & Language, Communication, Physical & SENDtraining. We want to develop a staff wellbeing programme tn motivate and create a sense of be5onging and importance of the Early Years sector. Thiswill be linked to developing national and international professional relationships. To be th? voice of the profession, families and children with policy makers and changer5, both locally and nationally. Informing positive changel Develop Level 3, 4 Childcare and joint care and childcare courses fit for purpose, liaising with curriculum designer from Cache or other further educational establishments, for Professional Development Financial Summar The'Statement5 of Financial Activitsl shows a year-end surplus of £367,613. The surplus is due to good financial management. With the above expenditure in 24125, this is in line with company financial procedures, risk management and reserves policies Iminimum 0,1% on turnover). Page 6 ## **GrowingPlaccs** ## **Income** Overall, income has increased by 31% on 23/24. Individual setting income (actual fees invoiced and early years grant}: |**SETTll\19**
'
**· · 2024/2025 .**
Mill Hill Nursery
£935,272.16
Havant Academy Nursery
£593,312.73
Oak Meadow Nursery
£644,603.67
Morelands Nursery
£452,195.01
Merryfields Nursery
£384,996.11
Oak Meadow OOS(ClosedJuly24)
£**1** ,620.95
Morelands After-school1c10,eci May24I
£6,044.36
Anders Hall
£147,394.43
Berewood After-school
£63,388.07
**Little Acorns(Nursery Closed}**
£24,867.48|**2023/2024**
**, . 2022/2023**
£554,733.59
£479,949.64
£439,074.68
£366,983.83
£336,954.61
£367,348.09
£423,197.26
£396,803.42
£295,057.82
£264,600.73
£40,457.55
£48,278.84
£38,039.95
£55,778.35
£100,332.48
£89,389.19
£61,822.37
£57,568.73
£65,209.59
£175,826.72| |---|---| ## **Expenditure** Overall, expenditure has increased by 78% against 23/24. _A full summary and breakdown of income and expenditure is available on the enclosed Financial Statements._ ## **Tangible fixed assets** - Growing Places have made repairs and refurbed existing indoor provision this year, including extensive reflooring in nurseries. - Continued investment in IT equipment has again been made. - Purchased work van for use of caretaker jobs throughout company. Total tangible fixed assets are worth £523,193 (24/25), £432,427 (23/24), £437,798 (22/23) ## **Current Assets and liabilities** We continue to monitor the levels of debt, in relation to fees invoiced. Our trade debtors currently stand at £23,619, a higher amount than 23/24: £78,536. Total debtors of £35,558 includes £77,979 relating to prepayments for Rent, Lease, and SLA. We will monitor debtors for prompt payment and recovery of outstanding balances. Creditor liabilities, £196,785 is higher than previous year, (23/24: £130,577} ## **Reserves Policy** As a not-for-profit organisation, COMMUNITY CHILDCARE CENTRES (Growing Places} hold its reserves in a High Interest bank account and ensures that any surplus, i.e., net movement in funds, is reinvested into the organisation. Reserves are that part of a charity's unrestricted income funds that are freely available to spend. Our reserves ("total funds carried forward") amount to £1,525,926 (24/25), £1,758,313 (23/24), £1,748,025 (22/23). In terms of expenditure this is approx. 47% of expenditure, which amounts to approx. 6 months continued business stability, should income/turnover stop. As such, the reserves are held to: - Cover at least three months employee's salaries. Page7 ## **GrowingPlaccs** - Help manage unforeseen financial difficulties, including changes in income (e.g., government Early Years 2yr/3yr old grant funds; SEN funding changes), cost of living changes, changes in pension (e.g., any legislative requirements) as detailed in the company/charity Risk Register and Risk Management Policy - Support the Company's vision, mission, and strategic plans, including purchasing of buildings to sustain or develop opportunities for our children and families (e.g., investment in buildings and/or land) - Cover the cost of repairs and refurbishment to all our day nurseries and after-school settings, where future income may not be sufficient. - Support business expenditure where there is little or no surplus (net movements in funds) in the previous financial year COMMUNITY CHILDCARE CENTRES (Growing Places) has had a sound period of financial stability. We will continue to deliver high standards in quality, maintain our strong reputation, through kindness and support to all or families in these difficult and uncertain times. We will continue to develop and review our management systems in order to support decisions required to keep a robust organisation through these ever-changing times. Trustees, the CEO and the members of the Company Leadership team will continue to monitor the level of reserves held to ensure the charity is operating efficiently. The Trustees' report was approved by the Board of Trustees. Dated: ( 1'c,,, ( i **;i.../** ;:i.=;;i...S Pages ## **COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF TRUSTEES' RESPONSIBILITIES** _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustees, who are also the directors of Community Childcare Centres 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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; and - 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. ## **COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES INDEPENDENT AUDITOR'S REPORT** ## **TO THE TRUSTEES OF COMMUNITY CHILDCARE CENTRES** ## **Opinion** We have audited the financial statements of Community Childcare Centres (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial, statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). ## In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we Identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records; or we have not received all the information and explanations we require for our audit. - 10 - ## **COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY CHILDCARE CENTRES** ## **Responsibilities of trustees** As explained more fully in the statement of Trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or **error.** In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit for the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. ## **Auditor's responsibilities for the audit of the financial statements** The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. - 11 - ## **COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY CHILDCARE CENTRES** Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - . the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our knowledge and experience of the charity and early years childcare sector: - we focused on specific laws and regulations which we considered may have a direct material effect on the i financial statements or the operations of the charity, the Charities Act 2011, taxation legislation, data protection, employment, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to Instances of non-compliance throughout the audit. - We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and - testing controls with walk through procedures and substantive transaction testing; - To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining any accounting estimates were indicative of potential bias; - investigated the rationale behind significant or unusual transactions; and - In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; - reviewing correspondence with HMRC and relevant regulators such as the Charity Commisison A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. - 12 - ## **COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY CHILDCARE CENTRES** This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. ## **F J WIide FCCA MBA DChA Senior Statutory Auditor** **Chartered Certified accountants Statutory Auditor** 22 December 2025 Warner Wilde Limited 4 Marigold Drive Bisley Surrey GU24 9SF Warner Wilde Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. - 13 - COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlctod funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacie5 Charltabl8 activitl8S other tradlng aGtivltlés Investments 32.357 3,458,577 13,134 14,119 50,490 82,847 11,757 3,470,334 13,134 14.119 8,009 2,668,035 2,518 12,512 35,612 43,621 7,160 2,675,195 2,518 12,512 Total income 3,518,187 62,247 3,580.434 2,691,074 42,772 2,733,846 Expondlture on: Ralslng funds Charilable activltles other expenditure 6,650 3,176,543 1,263 6,850 28,364 3,204,907 1,263 3,816 2,663,668 3,862 56,028 2,719,696 13 Total 6xpenditure 3,184,456 28,364 3.212,820 2.667.484 56,074 2.723,558 Net In¢om8 333.731 33,883 367,614 23,590 (13,3021 10,288 Transfers between funds 7,689 (7,6891 Net movement in funds 10 341,420 26,194 367,614 23,590 113.302) 10,288 Reconclllation of funds: Fund balancos at 1 April 2024 1,100,084 58,229 1,158,313 1,076,494 71.531 1,148,025 Fund balances at 31 March 2025 1,441,504 84.423 1,525,927 1,100,084 58,229 1,158,313 The statement of financial activities includes all gains and losses re￿gnised in the year. All income and axp&nditure deriva from aDntinuing activities. 14- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Not6s Flxed assets Tanglble assets 15 523,193 431,798 Current agsots Debtors Cash at bank and in hand 16 35,559 1,163,960 35,892 821,194 1,1g9,519 857,086 Crèditors: amounts falling dua wlthin one year 17 (196,785) 1130,5711 Net current assets 1,002,734 726,515 Total assats lass currant Ilabllltl8S 1.525,927 1,158,313 The funds of the charity Restrictad income fund$ Unrestricted funds 19 20 84.423 1,441,504 58.229 1,100,084 1.525.927 1,158,313 The ￿rnpanY is entitled to the 8xemption from th8 audit requirement contained in section 477 of the Compani@sAct 2006, for thè year endèd 31 March 2025. The directors ocknowledge Iheir responsibilities for complying with the requiremonts of Ihe Compani8s Act 2006 wilh respect to accounting records and tho pr@paration Df financial statoments. The members have not required Ihe company to obtain an audit of its financial statements under the requiremenls oflhe Companies Act 2006, for the year in question in accord8nc8 With section 476. These financial statements have been prepared in accordance with the provisions appllcable to companies subject lo Ihe small companies r8gim6. Thè flnancial statements were approved by the trust&ès on ......................... Matthew Trust60 odwln (Chalr) Company registratlon number 4148695 {England and Wales) 15- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity Information Communlty Childcare Centres is a private company limited by guaranloe incorporated in England and Wale8. The register&d office is Growing Places@Mill Hill, Mill Road, Watsrloovill6. Hants. P07 7DB. 1.1 Accountlng conventlon Th6 financial statements hav8 b6en prgpared in accordance with the charity's gov8rnlng documant, the Companies Act 2008 and "Accountlng and R&porting by Charities.. Stat6menl of RocDmmandod Practl applicable to charilies preparing thelr accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 J8nuary 2019) The charity is a Public B8n8fil Entity as d6fined by FRS 102. The flnanclal statements are prepared In sterllng, whlch Is the fvr)ctlonal currency of the charlty, Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified lo Include the revaluation of freehold propertie3 and to include investrnent properties and certain financial instruments at fair valuol. Th8 principal accounting policigs adapted are s8t out b81ow. 1.2 Golng concern Al the time of approving the financial stst8m8nts, the Iru8tees have a reasonable oxpectalion that th8 charity has adequat& resources to continu6 In operatlonal existence for the foresegable future. Thus the trustaes continue to adopt the going concern basls of accounting in preparing the financlal statements. 1.3 Charltable funds Unrestricled funds are available for use at the dlscretlon of the trustees in furtheran￿ of thelr charitable objectives. Restrlcted funds are subject to speclfic condltlons by donors or grantors as to how they may be used. The purposes and uses of the restncled funds are set out in the notes to the financial slal6ments. Endowment funds are subject lo specific condltlons by donors that the Capital must be maintained by the charity. 1.4 Income Income is recognis8d when tha charity is legally entitled lo it after any performance conditlDns hava b8&n mat, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are racognis8d on raceipt. Othar donations are recognlsad once the ¢harity has been notified af the donatlon, unloss parforrnanca ¢onditlons requir8 deferral of tha amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant Is recognlsed at the time of the donalion. Legacies are recognised on receipt or otherwise if the charity has been notified of an Impendlng distribution, the amount is known, and receipl is expeGled. If the amount is not known, the legacy is treated as a oontingent ass6t. 18- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued) 1.5 Expenditure A liabillty is recognlsed once a constructive or legal obligation is identified, settlement Is probable settlement and the amount can be rneasured reliably. Costs are allocaled to expenditure headlngs Ihat aggregate similar costs to that category and where costs Cannot be dlrectly altrlbuled, thoy are lem18d support or governanca costs and allocaled to the Charity's a¢tlvitles. The charity is potentially exempt from taxation by vlrtue of its charitable status and the exempllon8 that conveys. The charity is not VAT reglster8d and any irrgcoverable VAT assoclat8d wlth 8xpendlture is allocated to the same cost headlngs as the expendilure it rèlatss to. 1.6 Tanglble flxed assots Tanglble fixed asse15 are Initially measured at cost and subsequently meagured at cost or valuatlon, nat of depreciation and any Impairment losses. Depredatlon Is recognised so as to write off the cost or valuation of assets less thalr resldual valuas over thèlr useful lives on the following bases.. Freehold land and bulldlngs Leasehold land and buildings Flxtures and flttlngs Motor vehldes 20/0 on buildings. Ovo on land The length of the lease or 10 years If not determined. 251/0 reducing balance 25Q/o reducing balance The galn or loss arfslng on th6 dlsposal of an asset is determined as the diffgrenc8 belwe8n th8 Sal& pri)cegds and the carrying value of the asset, and is recognised in the stalement of financlal actlvities. 1.7 Impalrment olflxed assets At each reportlng end date, the charlly revlews the carying amounts of Its tangible assets to determine wh8th8r Ihere is any indiealion that those assets have suffered an impairment loss. If any su¢h indication exists, the recoverable amount of the osset is @stimated in order to determine the extent of the impairmenl loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents Intslude cash In hand. deposits held al call with banks, other short-term liquid investments with original maturitles of three months or less, and b8nk overdrafts. Bank overdraf15 are shown within borrowings in current liabilities. 1.9 Financial instruments The charity h88 elected to apply the provisions of Section 11 'Basic Financlol Instruments, and Section 12 'Other Financial Instrumentg Issuas, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitls balance sheet when the tharity becomes party to the oonlractual provisions of the instrument. Financial assets and Ilabilities are offset, wlth thé not amounts pres8nt8d in th@ financial stal8ments, when there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a net basis or to r8alisa th8 asset and s@tUe the liability simultaneously. Basic finanoial assets Basic financial ass8ts. whlch Include debtors and cash and bank balance8. are initially measured at transa¢tlon prtce Indudlng transaction costs and are subsequently carried at amortised cost using the effective Interest method unless the arrangement conslitutes a financing transacllon, where the transactlon is m88sured at the present value of the future receipts discounled at a market rate of Interest. Flnancial assets classified as receivable within Dng year ar8 not amortiS8d. 17- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢le$ (Continued} Basic financial liabilitie$ Baslc flnanclal Ilablllties, including creditors and bank loans a￿ Inltlally recognlsed at transaction price unless the arrangemont constitutes a financing transacllon, where the debt instrument 18 measured at the present value of Ihe future payments discounted at a market rata of inter8St. Financial liabilitles classified as payabla wlthin one year are not amortised. Debt instruments are subséquenlly carrled al amortlsèd cost, uslng tha effective interest rate method. Tradg cr8dltors are obligations to pay for good5 or servlces that have been acquired in the ordinary course of operations from suppliers. Amounts payabl8 are dassified as current liabilities rf payrnenl is due wilhSn one year or less. If not. they are pr8senl8d as non-currenl. liabilitie8. Trad8 creditors ar8 recognised initially at Iransaction price and subsequently measured at amortised cost uslng the effaclive interast method. D￿e¢09n1tl0n of flnanGlal Ilabllltlos Financial liabS1itles are derecognlsed when the ¢harlty's contractual obligations expire or are di8ch8rg8d or cancelled. 1.10 Employee beneflts The cost of any unused holiday enlitlement is recognlsed In the period in which the employae's servlc8s ar& recoived. Temiination benefits are recognlsed immediatsly as an exp8nsa when thg charity is demonstrably committed to terminats the employment of an employee or to provlde lermlnation benefits. 1.11 Retlrement beneflts Payments to defined contribulion retirement beneflt schemes are charged as an èxpansè as thoy fall dua. Crltlcal accounllng estlmates and Judgement8 In the application of the charity's accounting policies, the trustep.s are requlred to make judgements, estimates and assumptlons about the carrying amDunt of assets and liabilities that are not readily apparent frorn other Sources. The estimates and associated assumptlons are based on historical exp8ri8nce and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimatss and undarlying assumptlons are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised In the perlod In which the estimate is rèvisad whare tha rovislon affects only that P8riod. or in the period of the revislon and future periods where thè rev]slon affects both current and future parlods. 18- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note5 Cash flows from oporatlng activitiès Cash generated from operatlons 24 456,483 69,893 Inve$tlng a¢tlvltl8$ Purchase oftsngible flxad assets Proceeds on disposal of tanglble fixed assets Interest recglvad (127,212) {12,382) 15,070 12,512 14,119 Not cash (used In}Igen6rated from Invostlng actlvltlas (113,0931 15,200 Net cash used in financing actlvlties Net Increase In cash and cash equlvalonts 343,390 85,093 Cash and cash equivalenls at beginning ofyear 821,194 751,168 Ca$h and cash equlvalents at end of year 1,163,960 821,194 19- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons and legacles Unrestrlcted Restrlct8d fund$ funds 2025 2025 Total Unrestrlcted Restrlctod funds funds 2024 2024 Total 2025 2024 Grants 32,357 50,490 82.847 8,009 35,612 43,621 Grants Hampshire County Council- Discretionary Household Support Fund Hampshire County Council- Community Larder Other 21,940 21.940 28.241 5,525 5.525 12.000 28.241 12,000 11.324 10,925 11,324 21,342 21,000 2,612 21,000 5.096 10,417 2,484 32.357 50,490 82,847 8,009 35,612 43,621 Incomo from othor tradlng a¢tlvltl&s Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundralslng events 13,134 2,518 Income from Investments Unrestricted Unrestricted funds funds 2025 2024 Int8rest r8calvab19 14,119 12,512 20- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendituro on raising funds Unrestrlcted Restrlctad funds funds 2025 2025 Total Unroslrlct•d Rostrlcted fund5 funds 2024 2024 Total 2025 2024 Fundralslng and publlclty Advertising 6,65Q 6.650 3.818 48 3,862 Expenditurg on charitsble aclivities Charltable actlvltles 2025 Charltable actlvltles 2024 Dlrect costs staff costs Depreclalion and impalmient Premlses, rent, rates & utllltles Consumables including food Motor running costs Staff training, unlform & welfare Premises maintenance Cleaning Equlpmént malnlanance Small equipment replacement 2,024,924 35,178 272,754 101,382 23,387 34,101 153,814 8,257 3,777 2,209 1,751,778 37,139 232,793 86,245 18,569 29,511 46,643 7,489 3,405 2,756 2,659,763 2.216,328 Share of support and governanc8 costs (seo note 9) Support Governance 533,636 11,508 495.148 8,220 3,204,907 2.719,696 Analysis by fund Unrsstrlcted funds Restrlcted funds 3,176,543 28,364 2,663,668 56,028 3,204,907 2,719,696 -22- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs ollocated to aclivitios 2025 2024 staff costs Printing, postag8, statlonary & copier Telephone Lagal & professional Insuranc8 Subscrfption & licences IT support & consumables Bank charges Non child resour¢es Miscellaneous Governance Costs 408,039 17,481 7,331 11,088 10,374 15,316 10,421 526 30,747 25,277 8,544 374,371 18.142 16,142 10.400 9,646 4,517 17.578 699 28.687 14,966 8,220 545,144 503,368 Analysed between: Charitable actlvitles 545,144 503,368 10 Net movement In fund5 2025 2024 The nel mDv8ment in funds is stated after chargIn￿(crediting)'. Fees payable for the audlt of the charty's financial statements Depr@ciation of owned tangible fixed assets Loss on dlsposal of tangible fixed assets 8,544 85,177 1,263 8,220 37,140 11 Trustees None of the trustees (or any persons ¢onne¢ted wlth them) roceivod any remuneration or beneflts from the charity during the year. 12 Employees The avèrage monthly numb@r of 8mployees during the year was- 2025 Number 2024 Number 121 117 -23- COMMUNITY CHILDCARE CENTRES TRADINGAS GROWING PLACES STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees (Continued} Employment costs 2025 2024 Wage8 and salaries So¢lal sècurity costs Other penslon costs 2.217,154 163,533 52,276 1,945,401 133,883 46,865 2,432,963 2,126,149 The number of employees whosft annua] remuneratton was more than £60,000 Is as follows: 2025 Numbor 2024 Number £70,000- £79,999 Remunerallon of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregal& compensation 178,491 171,313 Key management personnel Is defined as the senior leadership taam. Annual ramuneration for the purposes of disc108ing high8r p8id employees exclude5 employer's pension contrlbutions. 13 Other expendlture Unrestricted Unrestridefl funds fund8 2025 2024 Net loss on disposal of tangible fixed assets 1,263 14 Taxation The charfty is exempt from taxation on its aclivitles because all its income is applied for ¢harltable purposes. -24- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible fixed assets Freghold land and bulldlngs Loqsohold FlxtUTQ¥ and 18nd and flttlng$ bulldlnis Motor Vghl¢l95 Totsl Cost At 1 Apdl 2024 Addlti¢ns Disposals 292,597 175,140 148,298 127,212 121.452) 85,414 701,449 127,212 121,4521 At 31 M8rch 2025 292,597 175,140 254,058 85,414 807,209 Depreclatlon and Impalrment At 1 April 2024 D8pr8clallon charyJgd in the year Ellmlnated In respect of disposals 17,648 (4,1231 75.220 17,514 116,687 15,301 120,189) 59,473 6,485 269,028 35,177 120.1891 At 31 March 2025 13,525 92,734 111,799 65,958 284,016 Carrying amount At 31 March 2025 279,072 82,406 142,259 19,456 523,193 At 31 March 2024 274,949 99,920 31,611 25,941 432,421 16 Debtors 2025 2024 Amounts falllng duo wlthln one year: Trade debtor5 Other debtors Prepayments and a¢cruad income 23,620 20 11,919 18,536 7,723 9,633 35,559 35,892 17 Credilors: amounts falling due within one year 2025 2024 othar taxation and social security Trad8 credltors Other credltors Accruals and deferred income 52,683 46,866 75,683 21,553 25,784 34,968 55,789 14,030 196,785 130,571 -25- COMMUNITY CHILDCARE CENTRES TRADING AS GROWING PLACES STATEMENT OF CASH FLOWS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 R8tlr•m¢nt beneflt schemes 2025 2024 Defined contribution schemes Charge to profit or loss In respect of dafin8d contribution scheme5 52,276 46,865 Tha charity operates a deflned contrlbution pension scheme for all qualifying employees. The assets of the scheme are held separately from thos8 of the ¢harlty In 8n Independently administered fund. 19 Restrfctsd funds The restrided funds of the charity comprtse th8 unexp@nd8d balanc8s of donations and grants h8ld on trust subject to SP8cih'c conditions by donors as to how they may be used. At 1 Aprll 2024 Incoming resources Resources expended Transters At 31 March 2025 Community Larder- HBC Community Lard8r. Oth8r Donatlons Community Larder- Hampshire Counly Council Housahold Support Fund LCP- Baby Group Groundwork l Tesco Hubbub 381 1381) 25,296 20,757 (1,277} 44,776 27,805 4,247 500 11,342 28,241 (7.751) (18,268) (351) (7,689) 23.707 14.220 149 1,117 454 1,117 790 (336) 58,229 62.247 (28.364) (7.689) 84,423 Previous year: At 1 Aprll 2023 Incomlng resources Resourc8S expended Transf&rs At 31 March 2024 HBC re Communlty Larder Saturday Club Community Lardgr Donatlons Hampshire County Council- Community Larder Household Support Fund LCP- Baby Group 16,516 8,099 18,916 (16,135} (8,099) (392) 381 8,772 25,296 30,000 21,000 12,000 1,000 (23,195) (7,753) (500) 27,805 4,247 500 71,531 42,772 156,074) 58,229 -26- COMMUNITY CHILDCARE CENTRES TRADINGAS GROWING PLACES STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restrlcled funds (Contlnuéd) Community Larder . the communlly larder projecl creetes a resour￿ for local people to a¢Gess affordable food and for families to leam to cook healthily on a budg81. The transfer to unrestricted funds represents restricted spend occurring before 3110312024 not recognis8d in prior year accounts. Household Support Fund - this fundlng provldes asslstance and resources to low income families. Saturday Club - to provlde acc8SS to weekend clubs for familles who oth8nMis8 could not afford it. LCP Baby Group- this fvnding provldes rasources for bables and toddlers. Groundwork l Tesco- funding for the stronger Starts programma. Hubbub- for fvndraising events. 20 Unrestricted funds The unreslricted funds of Ihe charity comprise the unexpended balan￿5 of donatlon5 and gr8nts whlch are not subject to specific conditions by donors and grantors as to how th8y may b8 us8d. These include designated funds which have been set aside out of unreslrlcted funds by th8 trust68s for sp9cific purpos8S. At 1 April 2024 Incomlng resources Resources expended Transfers At 31 March 2025 General funds 1,100,084 3,518,187 (3,184,456) 7,689 1,441,504 Previous year: At l April 2023 Incomlng r680urces Resources expended Transfers At 31 March 2024 General funds 1.078,494 2.691,074 {2,667,484) 1,100,084 21 Analysis of nèt assets betweon funds Unrestrlcted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangiblè assèts Current assetsl{118bllltlesl 523,193 918,311 523,193 1,002,734 84,423 1.441.504 84,423 1,525.927 -27- COMMUNITY CHILDCARE CENTRES TRADINGAS GROWING PLACES STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analy318 of net assets between fttnds {Contlnued) Uiirgstrlcted funds 2024 Rastrlcted funds 2024 Total 2024 At 31 March 2024: Tanglble assets Curr6nt assetsl{liabiliti93) 430,735 669,349 1,063 57,166 431,798 726,515 1,100,084 58,229 1,158,313 22 Operatlng lease commltmonts Less?0 At the reporting end dat8 th8 charity had outstanding commitments for future mlnlmum lease payments undar non￿Can￿lIable operatlng leases for propertlas and photDcopi&rs. These fall due as follows- 2025 2024 Within on& year Between two and five years 103,507 130,308 394,110 338,515 524,418 23 Ralatsd paty transaction¥ There were no dlsclosable rplaled party transactions during the year (2024- none). 24 Cash generaied from oporations 2025 2024 Sury)lus for tha y6ar 387.614 10,288 Adjustments for: Investment Income recognised in ststement of financial aGtivifles Loss on disposal of tangible flxed assets Depreciation and Impairment of tanglb18 flxed assets {14,119) 1,263 35,178 {12,512) 37,139 Movemenls in worklng capital: Decrease in debtors Increase In cr6ditors 333 66,214 2,061 32,917 Cash generated from operatlons 456,483 69,893 25 Analysis of changes In net funds The charlty had no material d8bt during the year. -28-