Company registration number: 04332202 Charity registration number: 1091185
## Gibbonsdown Childrens Centre Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2025
HSJ Accountants Ltd Severn House Hazell Drive Newport South Wales NP10 8FY
## **Gibbonsdown Childrens Centre Limited**
## **Contents**
|Trustees' Report|1 to 5|
|---|---|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7 to 8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 20|
## **Gibbonsdown Childrens Centre Limited**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2025.
## **Objectives and activities**
## **Objects and aims**
To promote any charitable purpose for the benefit of the community of Gibbonsdown in the County of The Vale of Glamorgan and in particular the advancement of education, the furtherance of health and the relief of poverty, distress and sickness
Objectives, strategies and activities
## **Nursery**
94 children have used the Nursery; 70 were under the Flying Start initiative. 18 of the Flying Start children have attended full day which is 5 more than last year. Our privately paying full day numbers were 3 which is 4 less than last year. We have 14 Childcare Offer for Wales children which is 5 more than last year. 1 child was supported in full time care by Caerphilly County Borough Council.
The Centre continues to be heavily reliant on funding from Flying Start and is contracted to provide a minimum of 40 places within the Nursery and 4 places within Cylch Meithrin although at the moment we have 9 children being funded by Flying Start in the Cylch. This funding is crucial to the sustainability of the provision. Parents accessing the service from within the Flying Start area receive a subsidy for day care places. The Centre continues to prioritise places for families on low income or referred by outside areas due to identified need. The Manager and Cylch Meithrin Childcare Supervisor prioritise attending children in need of care and support or child protection case conferences and core groups.
The Manager attends Healthy and Sustainable Pre-School Scheme steering group, assisting with assessments if required. In addition The Manager serves on Ysgol Gwaun Y Nant Governing body. Of the staff 18 are local to Barry and one staff member lives outside of the Vale of Glamorgan in the Caerphilly county Borough.
## **Cylch Meithrin Dechrau Dysgu**
60 children have used the Dechrau Dysgu which; 14 were under the Flying Start initiative. 29 children have utilised Wraparound care within the service via the Childcare Offer for Wales and then attend the Nursery within Ysgol Gwaun Y Nant Primary School, this is 5 more than last year. 1 child has been attended via the 2 Year Old Offer. 16 have paid privately.
The amount of funding for grants has been a lot lower this year due to a lot of funding being given out during Covid. We have managed to get total grant amount of £5570.26 for the Centre and £4625.68 for Dechrau Dysgu. This is from the Capital Grant from the Vale of Glamorgan. These can only be used for specific items. They are not grants that can be kept in the bank to bolster funds.
Page 1
## **Gibbonsdown Childrens Centre Limited**
## **Trustees' Report**
## **Changes across the 2 settings**
In Gibbonsdown Childrens Centre Leanne Hamilton has left to pursue a career outside of childcare and Kayleigh Dunn has left to take on a role in Flying Start. We have employed Jess Western, Lacey Jones and Kacey Lee Morris to replace those that have left (Kacey and Lacey job share the hours for a full time member of staff). In Dechrau Dysgu Mollie Birch has left as Room leader to take on a role in Flying Start. This been taken over by Jade Dunn who did work in Gibbonsdown Childrens Centre but has moved across to Dechrau Dysgu to take on the new challenge of being a Room Leader. We have had a Capital Grant which has allowed Gibbonsdown Childrens Centre to have new Large corner sand pit for multiple children to access at one time at floor level. A new outside play table and wooden shelter for more all weather play. Inside we have a new potion station, Light box and bubble tube for the sensory area, Art table, play kitchen, x3 rugs and new sleep mats. We also got a new Hoover and double buggy. For inside the setting Dechrau Dysgu purchased a changing table with steps to help support staff with lifting, a new PC for the administration in the office, new rugs, a sand pit, and a Hoover. For outside they purchased new seating, a large water tray with a pump so the children can pump their own water and an urban noise maker music stand for outside noise making.
We are looking to take over the community hall to use it as a baby room. Meetings with outside agencies and the Trustees have been taken to discuss the viability of this and what needs to be done moving forward to achieve this. This may be something that could make the setting more sustainable moving forward. Business plans will be put forward and an outcome decided before the end of the year.
We are doing the Curiosity approach and planning is linked to the new curriculum. We have completed an audit of both settings. We have been coming up with action plans for the next CIW inspection which was due November 2021 but has been delayed due to Inspections that were not done during Covid. Dechrau Dysgu has had their CIW inspection and we got Good in all areas. We have had our Environmental Health inspection and we got a 5 and so did Dechrau Dysgu.
Over the 2 settings we have a staff team of 19. This includes 13 childcare staff who only work term time, 6 childcare staff who work throughout the whole year, an administrator and a Manager. The 19 staff work between 14 and 31.5 hours per week.
In line with its aims and objectives for this period the Centre has:
- Developed staff as part of the supervision process and feedback through direct staff observation
- Continued to ensure that Trustees are well informed, consulted and involved in decision making.
- Kept up to date with CIW requirements with regard to forthcoming inspections and put an action plan in place for this.
- Worked towards stay and play sessions with parents when the climate allows this
- Looked into senior members of staff trained further in the Welsh Language
- Kept working towards the centre remaining sustainable.
- Ensured that the Centre has a high profile by the Manager attending local partnerships and events
- Maintained a positive relationship with Flying Start who provide substantial funding.
- Looked into making the centre more sustainable including staffing levels
- Looked into doing a separate bank account for Dechrau Dysgu to help understand how to make them more sustainable.
- Started to use Xero as an accounts system so we can see a better overview of the 2 settings and how to support both with funding.
Page 2
## **Gibbonsdown Childrens Centre Limited**
## **Trustees' Report**
## **Public benefit**
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Financial review**
## **Policy on reserves**
As the charity has been informed of a reduction in future funding the Trustees recognise the need for reserves to enable the Charity to carry out its principal objects. They have a policy to build up the level of reserves to equate to six months operating costs. The Trustees recognise that in the event of a loss of funding the Charity needs a level of reserves to allow time to find alternative sources of finance or to deal with any statutory redundancy costs which may accrue as a result of the loss of funding. Once the investment in fixed assets is taken into consideration, the level of available funds amounted to £59,356 (2024 - £71,685). The trustees are actively looking to increase the income of the Charity in the Forthcoming year as well as controlling expenditure by careful budgeting. The trustees are also reviewing the level stated in this policy to ensure the amount stated is adequate.
## **Plans for future periods**
Aims and key objectives for future periods
- Develop staff as part of the supervision process and feedback through direct staff observation
- Continue to ensure that Trustees are well informed, consulted and involved in decision making.
- Keep up to date with CIW requirements with regard to forthcoming inspections and put an action plan in place for this.
- Strengthen stay and play sessions with parents when the climate allows this
- Get senior members of staff trained further in the Welsh Language
- Ensure Centre remains sustainable.
- Ensure that the Centre has a high profile by Manager attending local partnerships and events
- Maintain positive relationship with Flying Start who provide substantial funding.
- Look into making the centre more sustainable including staffing levels
- Become fully trained in Xero as an accounts system so we can see a better overview of the 2 settings and how to support both with funding.
- Look to do a business plan to possibly take over the community hall to set up a baby room. Make sure this is viable and if it is look to move forward with this.
## **Structure, governance and management**
## **Nature of governing document**
The Charity, registration number 1091185, is a company limited by guarantee and governed by its memorandum and articles of association. It received its charitable registration and became an incorporated, company number 4332202, on the 30 November 2001.
Recruitment and appointment of trustees
The trustees are all volunteers and are elected by the members at the Annual General Meeting. The trustees are found from the local community including parents of the children being cared for. The trustees are reviewing the need to maintain a skills register to ensure required skills are represented.
Page 3
## **Gibbonsdown Childrens Centre Limited**
## **Trustees' Report**
## **Induction and training of trustees**
The new trustees are trained by the Centre Manager and the other trustees. Apart from the trustees, the Charity does not have any volunteer help to run the Centre.
## **Organisational structure**
The Trustees have the responsibility for running the Charity and for formulating the policies and procedures. The responsibility for the day to day activities is devolved to the Centre Manager, Gemma Lees, who reports to the Trustees regularly.
## **Relationships with related parties**
Board of Trustees-. Howard Clive Hamilton is a trustee of Gibbonsdown Childrens Centre and member of the local authority who lease the building used by the Charity. In addition to the premises used by the Charity, it uses the facilities provided by Gibbonsdown and Treharne Community Centre, a registered charity whose main activity is the maintenance and hiring of the Community Centre to outside agencies. Juliet Frazinelli and Margaret Wilkinson are also trustees and are linked to Barry Town Council and the Vale of Glamorgan. Jim Fitzgibbon who is a new Trustee and has worked with schools and Social Services. None of the aforementioned trustees received any remuneration or benefit as trustees.
## **Major risks and management of those risks**
## **Financial risk**
The Trustees still hold to the principle that it is prudent to hold sufficient funds to reduce the risk of loss of confidence by Trustees, Staff and Stakeholders.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mrs M Wilkinson Mr H C Hamilton Mrs J Aviet-Frassinelli Mrs G Munro
Secretary:
Mrs G Lees
Page 4
## **Gibbonsdown Childrens Centre Limited**
## **Trustees' Report**
## **Reference and Administrative Details**
Charity Registration Number: 1091185 Company Registration Number: 04332202 The charity is incorporated in Wales. Registered Office: Jubilee Hall Ramsey Road Gibbonsdown Barry CF62 9DF Independent Examiner: HSJ Accountants Ltd Severn House Hazell Drive Newport South Wales NP10 8FY
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Gibbonsdown Childrens Centre Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 23 June 2025 and signed on its behalf by:
fUPL DE
......................................... Mr H C Hamilton Trustee
Page 5
## **Gibbonsdown Childrens Centre Limited**
## **Independent Examiner's Report to the trustees of Gibbonsdown Childrens Centre Limited ("the Company")**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Gibbonsdown Childrens Centre Limited are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of FCCA ACA DChA BFP, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of Gibbonsdown Childrens Centre Limited as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Mr Andrew Hill FCCA ACA DChA BFP
Severn House Hazell Drive Newport South Wales NP10 8FY
1 July 2025
Page 6
## **Gibbonsdown Childrens Centre Limited**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
**Expenditure on:**
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**funds**
**£**
315,399
228
577
316,204
(329,406)
(329,406)
(13,202)
9,902
(3,300)
91,926
88,626|**Restricted**
**funds**
**£**
11,275
-
-
11,275
-
-
11,275
(9,902)
1,373
-
1,373|**Total**
**2025**
**£**
326,674
228
577|
|---|---|---|---|
||||327,479|
||||(329,406)|
||||(329,406)|
||||(1,927)
-|
||||(1,927)
91,926|
||||89,999|
The notes on pages 10 to 20 form an integral part of these financial statements. Page 7
## **Gibbonsdown Childrens Centre Limited**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
**Expenditure on:**
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**funds**
**£**
28
307,477
857
632
308,994
(336,911)
(336,911)
(27,917)
20,060
(7,857)
99,784
91,927|**Restricted**
**funds**
**£**
-
20,060
-
-
20,060
-
-
20,060
(20,060)
-
-
-|**Total**
**2024**
**£ (As restated)**
28
327,537
857
632|
|---|---|---|---|
||||329,054|
||||(336,911)|
||||(336,911)|
||||(7,857)
-|
||||(7,857)
99,784|
||||91,927|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 18.
The notes on pages 10 to 20 form an integral part of these financial statements. Page 8
## **Gibbonsdown Childrens Centre Limited**
## **(Registration number: 04332202) Balance Sheet as at 31 March 2025**
|||**2025**|**2024**|
|---|---|---|---|
||**Note**|**£**|**£ (As restated)**|
|**Fixed assets**||||
|Tangible assets|13|29,270|20,242|
|**Current assets**||||
|Debtors|14|3,945|14,221|
|Cash at bank and in hand|15|62,179|61,647|
|||66,124|75,868|
|**Creditors: Amounts falling due within one year**|16|(5,395)|(4,183)|
|**Net current assets**||60,729|71,685|
|**Net assets**||89,999|91,927|
|**Funds of the charity:**||||
|**Restricted income funds**||||
|Restricted funds||1,373|-|
|**Unrestricted income funds**||||
|Unrestricted funds||88,626|91,927|
|**Total funds**|18|89,999|91,927|
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 7 to 20 were approved by the trustees, and authorised for issue on 23 June 2025 and signed on their behalf by:
......................................... Mr H C Hamilton Trustee
The notes on pages 10 to 20 form an integral part of these financial statements. Page 9
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1 Charity status**
The charity is limited by share capital, incorporated in Wales.
The address of its registered office is: Jubilee Hall Ramsey Road Gibbonsdown Barry CF62 9DF
These financial statements were authorised for issue by the trustees on 23 June 2025.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Gibbonsdown Childrens Centre Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Page 10
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Prior period errors**
Duplicated child care fees
On review of the debtors ledger as at 31 March 2024 it has becoma apparent that certain Childcare invoices had not been matched upon receipt leading to an inflated debtors position and over-stated revenue. The largest single item related to an invoice raised in March 2023 for £16,093 and therefore was not identified as an aged debt upon review of the ledgers.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Page 11
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £1,000.00 or more are initially recorded at cost.
Page 12
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class** Furniture & fittings
**Depreciation method and rate** 25% straight line
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pensions and other post retirement obligations**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals|**Total**
**2025**
**£**
-
-|**Total**
**2024**
**£**
28|
|---|---|---|
|||28|
Page 13
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **4 Income from charitable activities**
|**Unrestricted**
**funds**
**General**
**£**
Core Childcare Services
315,399
**5**
**Income from other trading activities**
Local fundraising and street collection income
**6**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**7**
**Expenditure on charitable activities**
**Note**
Core Childcare Services
Staff costs
Governance costs
8|**Restricted**
**funds**
**£**
11,275
**Unrestricted**
**funds**
**General**
**£**
228
228
**Unrestricted**
**funds**
**General**
**£**
577
**Unrestricted**
**funds**
**General**
**£**
38,142
289,088
2,176
329,406|**Total**
**2025**
**£**
326,674
**Total**
**funds**
**£**
228
228
**Total**
**2025**
**£**
577
**Total**
**2025**
**£**
38,142
289,088
2,176
329,406|**Total**
**2024**
**£**
327,537|
|---|---|---|---|
||||**Total**
**2024**
**£**
857|
||||857|
||||**Total**
**2024**
**£**
632|
||||**Total**
**2024**
**£**
43,433
291,096
2,382|
||||336,911|
Page 14
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **8 Analysis of governance and support costs**
## **Support costs allocated to charitable activities**
|**Basis of allocation**
Independent Examination
A|**Governance**
**costs**
**£**
**Administration**
**costs**
**£**
2,142
34|**Total**
**2025**
**£**
2,176|**Total**
**2024**
**£**
2,382|
|---|---|---|---|
## **Basis of allocation**
**Reference Method of allocation** A 100% of total cost
## **Governance costs**
|Legal fees
Allocated support costs
**9**
**Net incoming/outgoing resources**
Net outgoing resources for the year include:
Depreciation of fixed assets|**Unrestricted**
**funds**
**General**
**£**
34
2,142
2,176|**Total**
**2025**
**£**
34
2,142
2,176
**2025**
**£**
874|**Total**
**2024**
**£**
13
2,369|
|---|---|---|---|
||||2,382|
||||**2024**
**£**
5,186|
Depreciation of fixed assets
## **10 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 15
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **11 Staff costs**
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:|||
|---|---|---|
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
272,096
12,866
4,126
289,088|**2024**
**£**
275,041
11,110
4,945|
|||291,096|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|charity during the year expressed as full time equivalents was as follows:|||
|---|---|---|
|Administrative staff
Child care workers
Cook
Manager|**2025**
**No**
1
18
1
1
21|**2024**
**No**
1
21
1
1|
|||24|
No employee received emoluments of more than £60,000 during the year.
Page 16
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **12 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **13 Tangible fixed assets**
|**Cost**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**14 Debtors**
Trade debtors
Other debtors
**15 Cash and cash equivalents**
Cash on hand
Cash at bank||**Furniture and**
**equipment**
**£**
113,223
9,902
123,125
92,981
874
93,855
29,270
20,242
**2025**
**£**
3,945
-
3,945
**2025**
**£**
400
61,779
62,179|**Furniture and**
**equipment**
**£**
113,223
9,902
123,125
92,981
874
93,855
29,270
20,242
**2025**
**£**
3,945
-
3,945
**2025**
**£**
400
61,779
62,179|**Total**
**£**
113,223
9,902
123,125
92,981
874
93,855
29,270
20,242
**2024**
**£**
14,101
120|
|---|---|---|---|---|
|||123,125|||
|||92,981
874|||
|||93,855|||
|||29,270|||
|||20,242|||
|||**2025**
**£**
3,945
-
3,945
**2025**
**£**
400
61,779
62,179|||
|||||14,221|
|||||**2024**
**£**
224
61,423|
|||||61,647|
Page 17
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **16 Creditors: amounts falling due within one year**
|**16 Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Accruals|**2025**
**£**
2,390
2,214
4,604|**2024**
**£**
1,227
2,129|
|||3,356|
## **17 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £4,126 (2024 - £4,945).
Page 18
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **18 Funds**
|**Unrestricted funds**
**_General_**
General funds
**Restricted funds**
Tesco Healthy Eating Grant
VoG Early Years &
Childcare Grant
**Total funds**
**Unrestricted funds**
**_General_**
General funds
**Restricted funds**
Childcare Offer Capital
Grant
**Total funds**|**Balance at 1**
**April 2024**
**£**
91,926
-
-
-
91,926
**Balance at 1**
**April 2023**
**£**
99,784
-
99,784|**Incoming**
**resources**
**£**
308,647
1,125
10,150
11,275
319,922
**Incoming**
**resources**
**£**
294,324
20,060
314,384|**Resources**
**expended**
**£**
(321,849)
-
-
-
(321,849)
**Resources**
**expended**
**£**
(322,241)
-
(322,241)|**Transfers**
**£**
9,902
(1,125)
(8,777)
(9,902)
-
**Transfers**
**£**
20,060
(20,060)
-|**Balance at**
**31 March**
**2025**
**£**
88,626
-
1,373|
|---|---|---|---|---|---|
||||||1,373|
||||||89,999|
||||||**Balance at**
**31 March**
**2024**
**£**
91,927
-|
||||||91,927|
Page 19
## **Gibbonsdown Childrens Centre Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
The specific purposes for which the funds are to be applied are as follows:
Tesco Healthy Eating Grant - funds received towards supporting healthy eating within children.
VoG Early Years & Childcare Grant - funds received to finance nursery equipment purchased during the year.
Transfers totalling £9,902 from restricted reserves to genereal unrestricted reserves during the year ended 31 March 2025 have been made in accordance with paragraph 2.26 of Charities SORP (FRS 102) as the balances reflected capital grants which have been defrayed with the resulting assets retained for general charitable purposes.
## **19 Analysis of net assets between funds**
|**19 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
29,270
64,751
(5,395)
88,626|**Restricted**
**funds**
**£**
-
1,373
-
1,373
**Unrestricted**
**funds**
**General**
**£**
20,242
75,868
(4,183)
91,927|**Total funds at**
**31 March**
**2025**
**£**
29,270
66,124
(5,395)|
||||89,999|
||||**Total funds at**
**31 March**
**2024**
**£**
20,242
75,868
(4,183)|
||||91,927|
Page 20