C¢>mpany reglstratlon number 04042026 (England and Wales) Charlty r•glstradon number 1090050 (England and Wales) BEECHWOOD EDUCARE CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 *AEHP4J8F* 1811212025 COMPANIES HOUSE A19 BEECHWOOD EDUCARE CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trust¢•• Mr K J SiThwD5 Mrs R Simms Mr D G St(Yey (Appointed 14 June 2024) (ApFx>inted 14 June 2024) Country of Incorporatlon United Kingdom {EThJland arxl Wales) 04042026 Charlty r•glstratlon England and Wales 1090050 R•gI8tsr￿ offico High Hopes At Longview Knowsley Lane Primary School Astley Road. Huylon LNerpool Merseyside L36 8DB Indep•nd•nt •xamln•r Monetta LLP 110-114 Duke Street Lr¥erpool L1 SAG BEECHWOOD EDUCARE CENTRE CONTENTS Page Trustees, report Independent 8xaminerfs report Statement of fjnancial activities Balance sheet Notes to the financial statements 7-14 BEECHWOOD EDUCARE CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thelr annual report and financial statements for Ihe year ended 31 March 2025. Th8 financial statements have been prepared in accordance wilh the accounting polictes set out in note 1 to the financial ststements and comply with Ihe charivs governing doGument. the Compan*s Act 2006, FRS 102 Yhe Financial Reporting Standard applicable in Ihe UK and Republtc of Ireland. and the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporb'ng Standard applicable in the UK and Republic of Ireland (FRS 1021.. Oblectlves and actlvltl•8 The purposes and activities of th8 charitsble company are to advance the education and development of thildren living in the North Huyton arnas of Merseyside and the wider community by the provision of high quality nu￿ery care & oul of school facilities and wothing in partnership with other agencl8s to secure lh8 wlde$t range of servl is avallable thal best maiches the needs of our dient population. In shaping our objeclives for the year and planning our adivities, the directors have considered the Charlty Commission's guidance on pvblic b8n8fit, Induding the guldance 'pJblic benefrt: running a charity (PB2)'. The charity relies on the income from fees. charges and grants to cover its operating costs. Affordatslty and access to ¢Jur facilities is importanl lo us and is rellecled in our pricing policy. A¢hl•v•m•nt8 and p•rfomian¢• Significant activities and achievements against obiectlves The resufts for the year and financial position of the charitable company are as shown In the annexed financial statements. The charity. wtth Ihe support of both its staff and volunteers contlnues to provlde much needed Sgfvices by the provision of high quality nursery carè & out of school frdciltties. The charity has seen a sleady high demand for its seryices and has had some success in obtaining cofflmitsnents for fuiure funding to enable it to luther its aims most notably in November 2025 (post year end) a capilal grant of £18.719.10 has been awarded by Knowsley Council to enable the expansion of our wraparound after-school provlslon. The directors are conlinuing to seek additional fvnding to support fvture operational plans. The latest Otsled inspection report rated overall effectlveness as C￿, with the latest Quality audft from the Local Authority being Outstsndlng. Flnanclal r•vl•w Reserves a￿ needed to bridge the gap between Ihe spandin9 and receiving of income 8nd lo cover unplanned emergency repaits and other expendiiure. The directOTS have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves,) held by the charity should be beNveen 6 and 9 months of th8 resources expended. which equates lo belween approximately £265,000 to £397,500 in general fvnds. At this level. the directors feel Ihat they would be able to c(mtinue the curTent activities of the charity in the event of a significant drop in fvnding. At 31 March 2025 the free reserves amounted to £204.589 and are below the tsrget level. The directo￿ are considering ways in which additional unrestricted reserves can be raised. In preparing the alxounts. the directors consider that the thariiable Ix)mpary has suTrient re%)urces to conllnue operations for the foreseeable future. Structure, goveman¢e and management The organisab'on 15 a charitable company limited by guarantee, inccyporated on 27 July 2000 and regtstered as a charity on 11 January 2002. Members of the charttable company guaranlee lo contribute an amount not ex￿edIng £10 in Ihe event of the Charity winding up. The company is govemed by the Kx)licies rnade from tirne to b'me by the directors together with Ihe terns of its Memorandum and Articles of Assoclation which set out the objects and powers of the company. The p￿CedUreS for the appointment, reliremenl and removal of directors are set out in the Articles. All directors are enc4)uraged lo attend appropriate extemal training events where these will facilitate the undertaking of their role. The day to day operational asp8cts of the charity have been delegated to the Manag8f and her team. BEECHWOOD EDUCARE CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trust•os The trustees durtng the year under revlew, who were appointed by the members In a(￿rdan￿ with wocedlres set out ID the Memorandum and Articles were: Mr K J Simms Mrs R Simms Mr D G Storey {Appointed 14 June 2024) (Appointed 14 June 2024) Re$ponsibIli￿eS of the Dlrectors in Relation to the Financlal Slatements The directors are responsible for preparing Ihe knnual Report and the financlal sLqtements In accordanc• with applicable law and regulations. Company law requlres the dlrectmply with the accountlng requirements of secllon 396 of the Companies Act 21)06 other than any requirement that the financial st21ements give a true and fair view, whtch is not a rnatter considered as part of an independent examination,. or the financial stalements have not been preparnd In accordance wlth Ihe methods and prindples of tho Statement of Recommended Practice for aCCA￿nting and ieporting by charities appltcable to charities preparing their financial statements in acLx)rdance with the Financial Reporting Standard applicable in the UK and Republic of I￿land (FRS 102). I have no concems arrfl have come aC￿sS no other mailers in conneclion wilh the examination to *thich attention should be drawn i is report in order to enable a proper understanding of the financial statements lo b8 reach8d. Kelt er FCA etta LLP 110-114 Duke Street Liverpool L15AG 11 BEECHWOOD EDUCARE CENTRE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•strlct•d Unr•gtrlcted funds funds 2025 2024 Not•s Income from: Donations and legacies Charitable activities Investments 436,854 215,585 544 241.947 206,523 Total Income 652.983 448,479 Expendlturè on.. Charitable activities 527.152 410,991 Totsl •xpondlturn 527,152 410,991 Not Incom• and mov•m•nt In fvnd• 125.831 37,488 Ro¢on¢lllation of fund8: Fund balances at 1 Aprll 2024 78,758 41,270 Fund balances at 31 March 2025 204,589 78,758 The statement of financlal activities indudes all gains and losses r8c(YJnsed in the year. All irKome and expendltur8 derive from continuing actwities. BEECHWOOD EDUCARE CENTRE BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Fixed assets Tan9ible assets 12 Current assets Debtors Cash al bank and In hand 13 29,550 193.636 36,513 58,128 223.186 94,641 Credltors: amount• falllng du• wlthln one year 14 (18.599) (15,885) Net curr•nt as••t• 204,587 78,758 Tolal a$￿ts l•ss ¢urrnnt Ilabiliti•• 204.589 78,758 The funds ofthe charfty Unr88trbcted funds 15 204,589 78.758 204.589 78.758 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their respons￿1 ililies for complying with the requirements of the Companies Act 2006 with respect to a¢o)unting records and the preparafjon ol financial statements. The members have not required thè company to obtsin an audil of its financial statements for the year in question In accordanca wilh section 476. These financial slaternents have been prepared in accordance with the provlslons applicable to companies subject to the small companies reglme. The financial statements were approved by the trustees on ...... 2015 Mr K J Simrn5 Olrector BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty InfoTmation Beechwood Educare Centre is a private ￿)MpanY limited by guarantee incorporated in EnglarKI and Wales. The registered off￿ Is High Hopes At Longvlew. Knowsley Lane Primary School, Astley Road. Huyton, Liverpool. Merseyside. L36 8DB. 1.1 Ba818 of pr•par•tlon The finanual slatements have been prepared in accordance with the charity's goveming documen( the Companies Act 2006. FRS 102 The Financial Reporting Stsndard applicable in the UK arml Republic of Ireland" and the Charities SORP 'A¢winting and Reporling by Charities.. Stalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).. The charity 15 a Public Benefjt Entity as defined by FRS 102. The ¢harty has taken advantsge of th8 provisions In Ihe SORP for charities not to prepare a statement of fash flows. The financial slatements a￿ prepared in sterfin9. which is Ihe functtonal currency of the charity. Monetary amounts in these finan¢ial $tstements are rounded to the nearest £. The financial statements have been prepared under the historical (x)st convention. (modified to Indude the revaluation of Ireehold properties and to indude investment properties and certain financial inslJuments al fair value}. The principal accounling policies adopted are sel out below. 1.2 Golng con¢orn At the tlme of approving the financial statements, the trustees have a reasonable expectatlon that Ihe charity has adequate resources to conb'nue in operational existence for the foTeseeable fiJtur8. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltabl• funds UnreslTiCted funds are available for use al the dlscretion ol the In￿tee$ in fijrlherance of Iheir charitable objectives. Restricted funds are subject to speclfic (x)nditions by donors or grantors as to how they may be used. The purpose5 and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that Ihe capital must be maintained by the harity. 1.4 Incom• Income is recognised when the charity is legally enbued to it after any performance corKlrtions have been met. the amounts can be measured rella￿y. and it is probable that incorne will be receNed. Cash donations are r8cognised on receipt. Other donations are recognised once the d￿rity has been nob'fied of the donation, unless perfonnance conditions require defe￿al of the amount. Income lax recoveTable In relatloTr lo don81ions received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognis8d on rnceipt or otherwise rf the Charity has been notified of an impending distsibution. the amount is known. and receipt 1$ expected. If the amount Ss not known. th8 legacy is treated as 8 rA)ntingent asset. BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountln9 pollclos (Contlnued) 1.5 Expfjndl￿rn Expenditure Is recognised once there is a legal or constructive obltgation to transfer economic benefft to a third party. it is probable that a transfer of e(x)nomic benefts will be required in seluement, and the amount of Ihe obligation can be measured reliably. Expenditure is dassffied by activty. The costs of each activity are made up of the tolal of direct costs and Shared costs, including support costs involved In undertsking each actlvlty. Direct cA)sls attribulable lo a single activity are allocated directly to that activity. Shared costs which (x)nlribute to more than one activity and support Msts which are not attribulable to a single aclivty are apportioned between those activilies on a basis consistent with the use of resources. Central staff costs are allocated on the basis ol timé spent, and depreciats'on charges are allocated on Ihe portion of the asset's use. 1.6 Tanglbl• ilx•d assots Tangible fixed assets are initially measured at Cosl and subsequenlly Measured at cost or valuatw)n. nel of depreciation and any impairment losses. Depreciation is re￿nised so as to wrile off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixture$ and frttings 20% on cost The gain or loss arising on the disposal of an asset is det8miined as the difference between the sale proceeds and the carrylng value of the assel. and is recognised in the ststement of financlal activities. 1.7 Impalrnient of flxed assets At each reporting end date. the charity reviews Ihe carrying amounts of Èts tangible assets to detannine whelher there is any indScation that Ihose assets have suffered an impaimènt loss. If any such indication exists, the re(x)verable amount of the assel is estimated In order to deterniine the extent of the impainnent loss (rf any). 1.8 Cash and cash equlvalénts Cash and cash equivalents include cash In hand, de￿its held at call wlth banks, olher short-tem) liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown wilhin borrobving5 in cu￿ent liabilities. 1.9 Flnanclal In$lJyfflenl• The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Seclion 12 '0th8r Financlal Instruments Issues, of FRS 102 to all of its f￿ancial instruments. Financial instruments are recognised in the chaiity's balance sheet when the charity becomes party to the contraclual provisions of the instrumenl. Financial assets and liabilities are offset. with the net amounts presented in Ihe financial statements. when there is a legally enforceable right to set off the tpcognised amounts and there is an Intention to setll8 on a nel basis or to realise the asset and seille the liabilty simultane(￿sly. Baslc financlal assets Basic financial assets. which include debtors and cash and bank balances. are initially measured at transadion price including transaction c4)sts and are subsequently carried at amortised cost using the effective interest melhod unless Ihe arrangement constilutes a financing transaction. wher8 th8 transaction is measured at the present value of the fulure receipts discounted al a market rale of interesL Financial assets dasSrf￿d as receivable within one year are not amortised. BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounllng pollcles (Continued) Bask financial liabilitles Basic financial liabilrties. induding ¢￿dIto￿ and bank loans are inits'ally recognised at transaction price unless the arrangement constitutes a financing transaction. where Ihe debt instrurnenl is measured at the present value of the future payments discounted at a market rate of interest Financial liabililies dassifpd as payable within one year are not amortised. Debt Inslwments are Subsequently carried at arnorlised cost. uslng the effeclive interest rate melhod. Tfade creditors are obligations to pay for go(xls or seryi¢es that have been acquired in the ordinary course of operations from supplieTS. Amounts payable arg Classified as current liabS1ities rf pa￿ent Is due wilhin one year or less. If nol. Ihey are presented as nonwuJffent liabilits'es. Trade creditors are recognised initrally at transaction prica and subsequently measured at amortised cA>st using the effective interest melhod. Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charit￿S contraclual obligations expl￿ or are discharged or cancelled. 1.10 Employee beneffts The Cost of any unused holiday entlllement Is recognisod in the p8rlcMJ In whl¢h Iha ornployee's services 8r8 received. Terminalion benefits are recognised immediately as an expense when the charity is demonstrably committed to tenninate Ihe employrnent of an employee or to provide temiination benefits. Crltlcal Kcounllng 0gllm•t•s and Judgements In the application of the charity's accountlng policies. the trustees are fequlred to make judgements. estYnat8$ and assumptions about the carrying amount of assets and liabilities Ihat are not readity apparenl from other Sour￿5. The estimates and 8ssocialed assumptions are based on historical experience and other lact(xs th81 are considered to be relevant. Actual results may drffer from these esiimates. The esttmates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the esb'mate is revised where th8 rèvision affects only that period. or in the period of the ￿vIsion and future periods where the revision affects both current and firture periods. Income from donatlons and legacles Unrnstrlct•d Unre8trlct•d funds funds 2025 2024 Olher grants and donations 436,854 241,947 BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incom• from charitabl• actlvlties Unrestricted Unrestricted funds funds 2025 2024 F••• roc•l*vbl• Fees receivable 215,585 206,523 Income from Inve¥tmonts Unr••trlct•d Unr•8trlctad fiinds funds 202S 2024 Interest receivable 544 10- BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Exyndlturn on charllablo actlvlti Costs of Costs of Oporatlon of 0￿ratiOn of chlldcar• ¢hlld¢are centre centre 2025 2024 Dlrect costs Staff costs Depreciation and impaimient Insurance Rent. servica ¢harge$. light, heat and power Repairs. renevrnls and deaning Professional. legal and safeguarding fe8S Telephone and communication systems Travelling Subscfiptions and registrations Staff wellare and hospitality Recruitment. postage, stationery and publicity Food and nursery requisilies Bank charges Interest on employment taxes 8ad debts Equipment hire 401.318 319.635 538 5.294 31.664 10.247 7.113 3,019 107 5.799 20,179 18,137 7.380 2.168 91 655 2.491 1.491 46.897 77 2,302 1.893 32,269 718 1,116 (13,648) 5,210 15.065 2,728 524.476 408,381 Share of support and govemance costs (seo note n Governance 2.676 2,610 527.152 410.991 Analy81s by fund Unrestricted funds 527.152 410,991 Support costs allocated to aclivilies 2025 2024 Govemance costs 2.676 2.610 Analysed between: Costs of operation of childcare centre 2,676 2,610 11 BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The net movement in funds is stst8d after chafgingl(uediting): Fees payable for Ihe indeperKlenl examinatim of the chaTIty's financial ststements Depreciation of owned tangible fixed assets 2.676 2.610 538 Trnstees None of the trustees {or any persons connected them) received any remuneration or beneffts from Ihe charity during the year. 10 Employ¢•• The 8V8rage monihly number of employeas durfng the year was: 2025 Numb•r 2024 Number Operation of chlldcare centre 25 21 Employm•nt ¢081• 2025 2024 Wages and salaries 401.318 319,635 There were no employees *th05e annual remuneratK)n was rrore Ihan £60,(K)O. 11 Taxatlon The charity is exempt from L2￿tiOn on its aclivilies because au its incorne is applied frir charitable purposes. 12- BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tan9ible fixed ass•ts FlxtyY•s and Cost At 1 April 2024 121.309 At 31 March 2025 121.309 D•proclallon and Impalrni•nt At 1 April 2024 121.307 At 31 March 2025 121.307 Carrying amount At 31 March 2025 At 31 March 2024 13 Debtorn 2025 2024 Amounts falllng du• wlthln on• y•av: Trade debtors Other debtors Prepayments and aL￿n￿d Income 28.704 733 113 36,513 29.550 36,513 14 Cr•dltors: amounts falllng due wlthln one year 2025 2024 Other laxation and social secuiity Trade creditors Other Greditors Accruals and deferred income 3.391 5,537 1.022 8.649 4.699 1.298 831 9.057 18.599 15,885 13- BEECHWOOD EDUCARE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Unrestricted funds The unr8strict8d funds of th8 chaiity comwise Ihe unexpended balances of donalions and grants whtch are not subject to specific conditions by don0￿ and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the truslees for specific purposes. At 1 ApTII 2024 In¢omlng R•sourc•• At 31 Mar¢h rnsourc •xpended 2025 General fvnds 78,758 652,983 (527,152) 204.58 Prnvlou• y•ar. At 1 Aprfl 2023 Incomlng Re$our¢es At 31 March resources expènded 2024 General fijnds 41.270 448,479 {410.991) 78,758 16 R•lat•d party tr•n•actlon8 There were no disdosable related party trwisactions during the year (2024 - none). 14-