2025-04-05-accounts

Company registration number: 04968688 Charity registration number: 1101047

BUSY BEES NURSERY & PRE-SCHOOL LIMITED

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025

W J James & Co Chartered Accountants Bishop House 10 Wheat Street Brecon Powys LD3 7DG

Busy Bees Nursery & Pre-School Limited

Contents

Reference and Administrative Details	I
Trustees' Report	2 to5
Independent Examiner's Report	6to7
Statement ofFinancial Activities	8
Balance Sheet	9
NotestotheFinancialStatements	10to22

Busy Bees Nursery & Pre-School Limited

Reference and Administrative Details

Chairman		MrM Browning
Trustees		MrM Browning
		Miss H Plumbstead
		Miss K Green
		Miss E Williams
		MrsK Davies
		Mr J Powell
Secretary		MrsHManns
SeniorManagement /Leadership		MrsH Manns, Manager
Team
Charity Registration	Number	1101047
Company Registration	Number	04968688
		The charity is incorporated in England and Wales.
Registered Office		TheBeehive
		Clifford
		Hereford
		Herefordshire
		HR3 5HA
Independent Examiner		W J James& Co
		Chartered Accountants
		Bishop House
		10 Wheat Street
		Brecon
		Powys
		LD37DG

Page 1

Busy Bees Nursery & Pre-School Limited

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025.

Objectives and activities

Objects and aims

The objects of the Busy Bees Nursery & Pre-School Limited are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of children through community groups and by:

Demonstrating a commitment to safe guarding

Offering appropriate play, education and care facilities and training courses, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means or ability.

Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs.

Instigating and adhering to and furthering the aims and objective of the Pre-School Learning Alliance.

Public benefit

Busy Bees provides vital childcare facilities for many families in an extremely rural area enabling people to return to work who otherwise would not be able to do so.

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.

Page 2

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Busy Bees Nursery & Pre-School Limited

Trustees' Report

Achievements and performance

Busy Bees has completed all of its building work, including a transformation in the garden. We have more than doubled the usable space, which we have thanks to the support of local landowners..

We received its very first outstanding rating from Ofsted. A party to held was held in June where all the community were invited to enjoy with the team.

We becamea sun safe accredited setting this summer. There are robust policies in place to keep our children safe in warmer months.

Training and ongoing professional development is still a priority focus of Busy Bees. This year we supported 5 staff to complete their degrees and many more in training. We plan to develop our training schemes in the future.

Sufficiency continues to be a concern for the local area. We are still operating with a 2-year waiting list. Discussions on 2nd properties have been made; however it has been decided that with the uncertainty impact of the early years funding from the government it would be a risk and one that Busy Bees feels is too great at the moment. Hayley will continue to explore options.

In March Hayley was invited to Westminster to discuss the funding and SEND crisis. It was an informative day, but more importantly a reassuring one to hear that Busy Bees is already demonstrating inclusive practice. Funding continues to be a concern for the whole education sector, however for Busy Bees as a PVI perhaps more concerning as grants are so limited. Business planning to alleviate will continue.

We held another successful Easter Egg hunt, which we decided to do not for profit. It was agreed the 20th party was so much fun and a great way to include the whole community we wanted to do it again.

And the same with the Christmas raffle, instead of raising funds for resources we raised funds to buy Christmas lunch for the whole nursery.

Financial review

Policy on reserves

The Trustees regularly review their reserves policy to ensure the continuity of services. The trustees have discussed maintaining a reserve of between 3 and 6 Months total expenditure which is between £97,000 and £193,000. The Free Reserves as at 31 March 2025 was £696,756 which is above target level.

Going concern

Taking account of the Trust's assets, the Trustees have a reasonable expectation that Busy Bees has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Page 3

Busy Bees Nursery & Pre-School Limited

Trustees' Report

Trustees:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Mr M|Browning| |Mrs|J|Walters|(resigned|9|December|2024)| |Miss|H|Plumbstead| |Miss|K|Green| |Miss|E|Williams| |Mrs|J|Little|(resigned|9 December|2024)| |Mrs C|Smith|(resigned|9 December|2024)| |Mrs|K|Davies| |MrJ|Powell|(appointed|||December 2024)|

----- End of picture text -----

Chairman: Mr M Browning

Structure, governance and management

Nature ofgoverning document

Busy Bees Nursery & Pre-School Limited was incorporated on 18th November 2003 and is a company limited by guarantee. Busy Bees is a non-profit making orgnanisation and are members of the Pre-School Learning Alliance. The governing document is the Memorandum and Articles or Association,

Recruitment and appointment oftrustees

Committee officers and Committee members so elected shall serve until the end of the next following Annual General Meeting at which they were elected.

Committee member co-opted pursuant to Article 4.2.3 may join the Committee at any time on the invitation of the Committee but shall retire at the next Annual General Meeting. No co-opted Committee member shall serve on the Committee for more than four consecutive years.

In the event of the death or resignation of an elected Committee Member, the vacancy shall be filled until the next Annual General Meeting by a Member appointed by the Committee

All voting members shall be eligible to stand for election to the committee, except paid employees of the Pre-School who cannot be committee members or vote at meetings. Employees, or their representative, can be invited to attend any or all committee meetings in an advisory capacity and should normally be so invited, but need not attend the whole of such meetings. Paid employees of the Pre-School may hold Affiliate Membership and may attend General Meetings in that capacity, but may not vote on matters affecting terms and conditions of employment,

The Committee members shall be elected for a term of one year at the Annual General Meeting. Retiring Committee Officers and Committee members are eligible for re-election unless they have already served on the committee in any capacity for six consecutive years.

A number of the directors were re-elected at the Annual General Meeting and have remained in post throughout the year. This together with the new appointees after the year end has ensured continuity through this key time for the charity while the new building process was ongoing. The continuity has also ensured strong support for the Busy Bees' manager and staff.

Page 4

Busy Bees Nursery & Pre-School Limited

Trustees' Report

Organisational structure

The overall management and control of the Pre-School is vested in the individual members of its management committee who are principally the charity's trustees.

The committee consists of a Chair, Treasurer and Secretary (the Committee Officers) and not less than two and not more than nine elected members and not more than three members co-opted by the committee.

Statement of trustees' responsibilities

The trustees (who are also the directors of Busy Bees Nursery & Pre-School Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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 the incoming resources and application of resources, including its income and expenditure, of the charitable company 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 accounting standards, comprising FRS 102 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 proper accounting records that can 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 26 November 2025 and signed on its behalf by:

Mr M Browning Chairman and trustee

Page 5

Busy Bees Nursery & Pre-School Limited

Independent Examiner's Report to the trustees of Busy Bees Nursery & Pre-School 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 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 the Company's gross income exceeded £250,000 your examiner must be a member ofa body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because | 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 Busy Bees Nursery & Pre-School 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.

Page 6

Busy Bees Nursery & Pre-School Limited

Independent Examiner's Report to the trustees of Busy Bees Nursery & Pre-School Limited (‘the Company')

K R Saunders-J BSc Hons FCA FALA Chartered Accountants Institute of Chartered Accountants in England and Wales W J James & Co Bishop House 10 Wheat Street Brecon Powys LD3 7DG

26 November 2025

Page 7

Busy Bees Nursery & Pre-School 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)

		Unrestricted	Total	Total
		funds	2025	2024
	Note	£	£	£
Income and Endowments from:
Donations and legacies	3	14,213	14,213	12,274
Charitable activities	4	401,408	401,408	340,649
Other trading activities	5	254,605	254,605	166,730
Investment income	6	1,235	1,235	53
Total income		671,461	671,461	519,706
Expenditure on:
Charitable activities	7	(474,962)	(474,962)	(434,890)
Total expenditure		(474,962)	(474,962)	(434,890)
Net income		196,499	196,499	84,816
Netmovement in funds		196,499	196,499	84,816
Reconciliation of funds
Total funds brought forward		500,257	$00,257	415,442
Totalfundscarriedforward	18	696,756	696,756	500,258

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 22 form an integral part of these financial statements. Page 8

Busy Bees Nursery & Pre-School Limited

(Registration number: 04968688) Balance Sheet as at 31 March 2025

		2025	2024
	Note	£	£
Fixed assets
Tangible assets	14	320,265	322,215
Current assets
Debtors	15	75,594	47,534
Cash at bank and in hand	16	309,195	141,050
		384,789	188,584
Creditors: Amounts falling due within one year	17	(8,298)	(10,542)
Net current assets		376,491	178,042
Net assets		696,756	500,257
Funds ofthe charity:
Unrestricted income funds
Unrestricted funds		696,756	500,257
Totalfunds	18	696,756	500,257

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 8 to 22 were approved by the trustees, and authorised for issue on 26 November 2025 and signed on their behalf by:

Mr M Browning Chairman and trustee

The notes on pages 10 to 22 form an integral part of these financial statements. Page 9

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Charity status

The charity is limited by guarantee, incorporated in Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is:

The Beehive Clifford Hereford Herefordshire HR3 SHA

These financial statements were authorised for issue by the trustees on 26 November 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

Busy Bees Nursery & Pre-School 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 financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

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

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Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

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.

All resources expended are inclusive of irrecoverable VAT,

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 meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Page 11

Busy Bees Nursery & Pre-School 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 £250.00 or more are initially recorded at cost,

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	Depreciation method and rate
Land and buildings	Straight lineof25 years
Play and nursery equipment	25%Reducing balance basis
Officeequipment	25%Straightlinebasis

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Page 12

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Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Derivativefinancial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Page 13

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

Page 14

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

3 Income from donations and legacies

	Unrestricted
	funds	Total	Total
	General	2025	2024
	£	£	£
Donations and legacies;
Donations from individuals	813	813	6,774
Grants, including capital grants;
Government grants	5,000	5,000	5,000
Grants from other charities	8,400	8,400	500
	14,213	14,213	12,274
		Unrestricted
		funds	Total
		General	2024
		£	£
Donations and legacies;
Donations from individuals		6,774	6,774
Grants, including capital grants;
Government grants		5,000	5,000
Grants from other charities		500	500
		12,274	12,274

4 Income from charitable activities

Nursery	and	Pre-school	activities
Nursery	and	Pre-school	activities

Unrestricted
funds	Total	Total
General	2025	2024
£	£	£
401,408	401,408	340,649
	Unrestricted
	funds	Total
	General	2024
	£	£
	340,649	340,649

Page 15

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5 Income from other trading activities

		Unrestricted
		funds	Total	Total
		General	funds	2024
		£	£	£
Fundraising income		1,979	1,979	3,686
Other income from othertrading activities		252,626	252,626	163,044
		254,605	254,605	166,730
			Unrestricted
			funds	Total
			General	2024
			£	£
Local fundraising and street collection income			3,686	3,686
Otherincome from othertrading activities			163,044	163,044
			166,730	166,730
6	Investment income
		Unrestricted
		funds	Total	Total
		General	2025	2024
		£	£	£
Interest receivable and similar income;
	Interest receivableon bank deposits	1,235	1,235	53
			Unrestricted
			funds	Total
			General	2024
			£	£
Interest receivable and similar income;
	Interest receivable on bank deposits		53	53
			53	53

Page 16

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7 Expenditure on charitable activities

----- Start of picture text -----
Activity
undertaken
directly 2025 2024
£ £ £
Nursery and Pre-school activities 469,197 469,197 409,999
Activity
undertaken
directly 2024
£ £
Nursery and Pre-school activities 409,999 409,999
----- End of picture text -----

Included within the expenditure analysed above, there are also governance costs of £5,765 (2024 - £4,846) which relate directly to charitable activities. See note 8 for further details.

8 Analysis of governance and support costs

Governance costs

	Unrestricted
	funds	Total	Total
	General	2025	2024
	£	£	£
Independent examiner fees
Examination ofthe financial statements	1,270	1,270	1,200
Legal fees	1,914	1,914	1,581
Othergovernance costs	2,581	2,581	2,065
	5,765	5,765	4,846
		Unrestricted
		funds	Total
		General	2024
		£	£
Independent examiner fees
Examination ofthe financial statements		1,200	1,200
Legal fees		1,581	1,581
Othergovernance costs		2,065	2,065
		4,846	4,846

Page 17

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

----- Start of picture text -----
|||||| |---|---|---|---|---| |9|Net|incoming/outgoing|resources| |Net|incoming|resources|for the year|include:| |2025|2024| |£|£| |Depreciation|of fixed|assets|22,526|21,765|

----- End of picture text -----

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

The amount expenses waived by the trustees during the year totalled £Nil (2024 - £Nil).

Page 18

Busy Bees Nursery & Pre-School 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 werewere as follows:
	2025	2024
	£	£
Staffcosts during theyearwere:
Wages and salaries	323,259	293,131
Social security costs	22,201	17,535
Pension costs	21,092	17,832
	366,552	328,498

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:

				2025		2024
				No		No
Nursery	and	pre-school	activities		19		19

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £Nil (2024 - £29,945).

12 Independent examiner's remuneration

				2025	2024
				£	£
Examination	ofthe	financial	statements	1,270	1,200

Page 19

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

14 Tangible fixed assets

14 Tangible fixed assets
		Play&
	Land and	Nursery	Office
	buildings	Equipment	Equipment	Total
	£	£	£	£
Cost
At	April 2024	352,587	29,961	3,177
Additions	12,368	8,544	-	20,912
Disposals	-	(339)	(1,322)	(1,661)
At 31 March 2025	364,955	38,166	1,855	404,976
Depreciation
At 1 April2024	52,419	9,317	1,774	63,510
Charge for the year	14,598	7,297	631	22,526
Eliminated on disposals	-	(257)	(1,068)	(1,325)
At 31 March 2025	67,017	16,357	1,337	84,711
Net book value
At 31 March 2025	297,938	21,809	518	320,265
At31March2024	300,168	20,644	1,403	322,215

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £297,937 (2024 - £300,167) in respect of leaseholds.

15 Debtors

	2025	2024
	£	£
Trade debtors	73,229	44,684
Prepayments	2,365	2,067
Other debtors	-	783
	75,594	47,534

Page 20

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

16 Cash and cash equivalents

			2025	2024
			£	£
Cash atbank			200,752	87,470
Short-term deposits			108,443	53,580
			309,195	141,050
17 Creditors: amounts fallingdue within oneyear
			2025	2024
			£	£
Trade creditors			5,105	5,900
Accruals			3,193	4,642
			8,298	10,542
18 Funds
	Balance at 1	Incoming	Resources	Balanceat31
	April 2024	resources	expended	March2025
	£	£	£	£
Unrestricted funds
General	500,257	671,461	(474,962)	696,756
	Balanceat 1	Incoming	Resources	Balanceat31
	April 2023	resources	expended	March2024
	£	£	£	£
Unrestricted funds
General	415,442	519,705	(434,890)	500,257

Page 21

Busy Bees Nursery & Pre-School Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

19 Analysis of net assets between funds

19 Analysis of netnet assets between funds
	Unrestricted	Total	funds at
	funds	31 March
	General	2025
	£		£
Tangible fixed assets	320,265		320,265
Current assets	384,789		384,789
Current liabilities	(8,298)		(8,298)
Total net assets	696,756		696,756
	Unrestricted	Total	funds at
	funds	31 March
	General	2024
	£		£
Tangible fixed assets	322,215		322,215
Current assets	187,801		187,801
Current liabilities	(10,542)		(10,542)
Totalnetassets	499,474		499,474

20 Related party transactions

There were no related party transactions in the year.

Page 22

Busy Bees Nursery & Pre-School Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

	Total	Total
	2025	2024
	£	£
Income and Endowments from:
Donations and legacies (analysed below)	14,213	12,274
Charitable activities (analysed below)	401,408	340,649
Othertrading activities (analysed below)	254,605	166,730
Investment income (analysed below)	1,235	53
Total income	671,461	519,706
Expenditure on:
Charitable activities (analysed below)	(474,962)	(434,890)
Total expenditure	(474,962)	(434,890)
Net income	196,499	84,816
Netmovement in funds	196,499	84,816
Reconciliation offunds
Total funds brought forward	$00,257	415,442
Totalfundscarriedforward	696,756	500,258

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Busy Bees Nursery & Pre-School Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Total|Total| |2025|2024| |£|£| |Donations|and legacies| |Appeals|and|donations|813|6,774| |Grants|-|other|agencies|8,400|500| |Other income|—5,000|iS,000| |14213|12,274| |Charitable|activities| |Fees|and|supplies|323,435|310,131| |Lunches|and|milk|77,973,|30,518| |401,408|340,649| |Other trading|activities| |Grants|-|other agencies|252,626|163,044| |Fundraising|event|income|1,979|3,686| |254,605|166,730| |Investment income| |Interest|on|cash|deposits|1,235|53| |1,235|53| |Charitable|activities| |Wages|and|salaries|323,259|293,131| |Staff NIC|(Employers)|22,201|17,535| |Staff pensions|(defined|contribution)|21,092|17,832| |Staff training|1,915|2,248| |Rent|1,200|1,200| |Water|rates|476|564| |Light,|heat|and|power|9,851|12,335| |Insurance|1,336|1,245| |Repairs|and|maintenance|9,895|12,856| |Telephone|and|internet|1,576|624| |Computer|software|and maintenance|costs|1,103|867| |Printing,|postage|and|stationery|1,183|1,549| |Nursery|equipment|-|71| |Activities|and|day|trips|6,065|3,234| |Other|drinks|and|snacks|25,261|23,628| |Sundry|expenses|3,648|3,478| |Cleaning|16,055|14,856| |Licences|and|inspections|220|255| |Depreciation|of land|and|buildings|14,598|14,103| |Depreciation|of play|and|nursery|equipment|7,297|6,882|

----- End of picture text -----

This page does not form part of the statutory financial statements. Page 24

Busy Bees Nursery & Pre-School Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

	Total	Total
	2025	2024
	£	£
Depreciation ofoffice equipment	631	780
(Profit)/loss on disposal oftangible fixed assets	335	771
Independent examiner's fee	1,270	1,200
Bookkeeping and payroll fees	2,581	2,065
Legal andprofessional fees	1,914	1,581
	(474,962)	(434,890)

This page does not form part of the statutory financial statements. Page 25