REGISTERED COMPANY NUMBER: 04256196 (England and Wales) REGISTERED CHARITY NUMBER: 1093661
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
FOR
HADLEY UNDER AND OVER 5'S LIMITED
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
HADLEY UNDER AND OVER 5'S LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31st March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
HADLEY UNDER AND OVER 5'S LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31st March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charitable objects are:
-
to advance the education of children through the provision of nursery and pre-school care, and, after school provision which stimulates their growth and development through the safe and stimulating play,
-
in the interest of social welfare, to promote and provide recreational facilities and leisure time activities for children so their conditions of life may be improved.
Public benefit
The main activity is undertaken to further our charitable objective for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity continues to provide a nursery to meet its charitable objectives.
FINANCIAL REVIEW
Financial position
The Trustees recognise that it is a challenging financial environment that the charity is in and that there is a continual need to have close monitoring of the financial position, especially of the level of fees received compared to wages.
The current situation remains satisfactory.
Reserves policy
The trustees have established a policy where the general fund "free reserves" should hold at least the equivalent of the cost of three months (and ideally six months) overheads to enable the charity to continue if there was a short term significant drop in income or donations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04256196 (England and Wales)
Registered Charity number
1093661
Registered office
The Old School Buildings Hadley Park Road Telford Shropshire TF1 6PW
Page 1
HADLEY UNDER AND OVER 5'S LIMITED
REPORT OF THE TRUSTEES for the Year Ended 31st March 2025
Trustees
Mrs S J Phillips Independent consultant Mrs J A Olliver Employed (resigned 15.9.25) Mrs M Buttery Trustee L N Colombo (appointed 16.5.25) M W Buglass (appointed 16.5.25)
Independent Examiner
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
Approved by order of the board of trustees on 12th February 2026 and signed on its behalf by:
Mrs S J Phillips - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HADLEY UNDER AND OVER 5'S
LIMITED
Independent examiner's report to the trustees of Hadley Under and Over 5's Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st 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 the Company 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Russell Ball
D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
12th February 2026
Page 3
HADLEY UNDER AND OVER 5'S LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Nursery 266,687 Investment income 2 880 Total 267,567 EXPENDITURE ON Charitable activities Nursery 272,922 NET INCOME/(EXPENDITURE) (5,355) RECONCILIATION OF FUNDS Total funds brought forward 160,355 TOTAL FUNDS CARRIED FORWARD 155,000 |
Restricted fund £ - - - - - 55,363 55,363 |
31.3.25 31.3.24 Total Total funds funds £ £ 266,687 285,107 880 608 267,567 285,715 272,922 250,414 (5,355) 35,301 215,718 180,417 210,363 215,718 |
31.3.25 31.3.24 Total Total funds funds £ £ 266,687 285,107 880 608 267,567 285,715 272,922 250,414 (5,355) 35,301 215,718 180,417 210,363 215,718 |
|---|---|---|---|
| 285,715 | |||
| 250,414 | |||
| 35,301 180,417 |
|||
| 215,718 |
The notes form part of these financial statements
Page 4
HADLEY UNDER AND OVER 5'S LIMITED
BALANCE SHEET 31st March 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 55,495 CURRENT ASSETS Debtors 8 2,181 Cash at bank and in hand 101,159 103,340 CREDITORS Amounts falling due within one year 9 (3,835) NET CURRENT ASSETS 99,505 TOTAL ASSETS LESS CURRENT LIABILITIES 155,000 NET ASSETS 155,000 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 55,363 - - - - - 55,363 55,363 |
31.3.25 Total funds £ 110,858 2,181 101,159 103,340 (3,835) 99,505 210,363 210,363 155,000 55,363 210,363 |
31.3.24 Total funds £ 116,941 2,104 100,264 102,368 (3,591) 98,777 215,718 215,718 160,355 55,363 215,718 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
HADLEY UNDER AND OVER 5'S LIMITED
BALANCE SHEET - continued
31st March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 12th February 2026 and were signed on its behalf by:
M W Buglass - Trustee
S J Phillips - Trustee
The notes form part of these financial statements
Page 6
HADLEY UNDER AND OVER 5'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Improvements to Freehold Property | - at varying rates on cost |
|---|---|
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 20% on reducing balance |
Freehold property is not depreciated. The Trustees are of the view that the level of ongoing repair and maintenance of the property will result in the residual value of the property at the end of its useful life being greater than its original cost. This is reviewed annually by the Trustees.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
Pension costs and other post-retirement benefits
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.
continued...
Page 7
HADLEY UNDER AND OVER 5'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2025
2. INVESTMENT INCOME
3.
4.
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 880 | 608 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Depreciation - owned assets | 8,107 | 7,933 |
| TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Nursery staff | 12 | 13 | |
| No employees received emoluments in excess of £60,000. | |||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | |
| fund | fund | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Charitable activities | |||
| Nursery | 285,107 | - | 285,107 |
| Investment income | 608 | - | 608 |
| Total | 285,715 | - | 285,715 |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Nursery | 250,414 | - | 250,414 |
| NET INCOME | 35,301 | - | 35,301 |
continued...
Page 8
HADLEY UNDER AND OVER 5'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS Improvements to Freehold Freehold property Property £ £ COST At 1st April 2024 56,966 176,037 Additions - - Disposals - - At 31st March 2025 56,966 176,037 DEPRECIATION At 1st April 2024 - 120,389 Charge for year - 6,824 Eliminated on disposal - - At 31st March 2025 - 127,213 NET BOOK VALUE At 31st March 2025 56,966 48,824 At 31st March 2024 56,966 55,648 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments |
Unrestricted Restricted fund fund £ £ 125,054 55,363 160,355 55,363 Fixtures and Computer fittings equipment £ £ 55,390 15,755 - 2,897 (46,264) (6,633) 9,126 12,019 53,652 13,166 219 1,064 (45,506) (6,518) 8,365 7,712 761 4,307 1,738 2,589 31.3.25 £ 2,181 |
Total funds £ 180,417 215,718 Totals £ 304,148 2,897 (52,897) 254,148 187,207 8,107 (52,024) 143,290 110,858 116,941 31.3.24 £ 2,104 |
Total funds £ 180,417 |
|---|---|---|---|
| 215,718 |
Prepayments
continued...
Page 9
HADLEY UNDER AND OVER 5'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Building TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Building TOTAL FUNDS |
At 1.4.24 £ 160,355 55,363 215,718 Incoming resources £ 267,567 267,567 At 1.4.23 £ 125,054 55,363 180,417 |
31.3.25 31.3.24 £ £ 3,835 3,591 Net movement At in funds 31.3.25 £ £ (5,355) 155,000 - 55,363 (5,355) 210,363 Resources Movement expended in funds £ £ (272,922) (5,355) (272,922) (5,355) Net movement At in funds 31.3.24 £ £ 35,301 160,355 - 55,363 35,301 215,718 |
|---|---|---|
continued...
Page 10
HADLEY UNDER AND OVER 5'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 285,715 285,715 |
Resources Movement expended in funds £ £ (250,414) 35,301 (250,414) 35,301 |
Resources Movement expended in funds £ £ (250,414) 35,301 (250,414) 35,301 |
|---|---|---|---|
| 35,301 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Building TOTAL FUNDS |
At 1.4.23 £ 125,054 55,363 180,417 |
Net movement in funds £ 29,946 - 29,946 |
At 31.3.25 £ 155,000 55,363 |
|---|---|---|---|
| 210,363 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 553,282 553,282 |
Resources Movement expended in funds £ £ (523,336) 29,946 (523,336) 29,946 |
Resources Movement expended in funds £ £ (523,336) 29,946 (523,336) 29,946 |
|---|---|---|---|
| 29,946 |
The Restricted Fund represents amounts donated specifically towards the purchase of the nursery building.
continued...
Page 11
HADLEY UNDER AND OVER 5'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st March 2025
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2025.
Page 12
HADLEY UNDER AND OVER 5'S LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st March 2025
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Deposit account interest | 880 | 608 |
| Charitable activities | ||
| Fees received | 266,687 | 285,107 |
| Total incoming resources | 267,567 | 285,715 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 192,080 | 180,655 |
| Pensions | 3,788 | 3,226 |
| Rates and insurance | 6,017 | 5,059 |
| Premises expenses | 26,449 | 15,859 |
| Light and heat | 7,723 | 9,457 |
| Telephone | 5,886 | 7,133 |
| Post, stationery and cleaning | 7,912 | 7,762 |
| Sundries | 6,907 | 6,784 |
| Catering expenses | 3,244 | 2,786 |
| Rent | 960 | 960 |
| Accountancy and payroll support | 2,976 | 2,800 |
| Depreciation - improvements to freehold property | 6,824 | 6,824 |
| Depreciation - fixtures and fittings | 977 | 461 |
| Depreciation - computers | 1,179 | 648 |
| 272,922 | 250,414 | |
| Total resources expended | 272,922 | 250,414 |
| Net (expenditure)/income | (5,355) | 35,301 |
This page does not form part of the statutory financial statements
Page 13