**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: 1. accounting records were not kept in respect of the Company 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. 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