BOWLERS COMMUNITY NURSERY (Private Company Llmlted by Guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 COMPANY REG NO. 04690499 CHARITY NO. 1102941
BOWLERS COMMUNifi NURSERY (Private Company Llmlted by Guardnteel Contents Legal and adminlstratlve Information Report of the trustees Report of the audttors Statement of Financlal Activitie5 Balance Sheet Cash Flow Ststement io Accounting policies 11-14 Note5 forming Part of the financlal statements 15-18 Detsiled income & expendlture account 19 Paqe 19 doe5 notfvmipart oAthe statutory occourt&
BOWLERS COMMUNrtY NURSERY (Private Company Limited by Guarantee) Legal and Administratlve Informatlon Management comm6ttee: Dr F Silman • (appointed 5 August 2024) G J Haworth •• (appointed 10 May20251 S Gamer" {55£ned l April 2025) CGlbney Ireslgned l April 20241 JDSA• (appointed 5 August 20241 S Bushwell• {reslgned 5 September 20241 L Gorden• J.LS.L SanJlnes (resigned 5 September 20241 A Khushu ** - Monogement committee member5 qre u150, fvr thepurpose of the ComponlesArt 2(%26 compony dlrertors. Company secretary: A Khushu Admlnlstratlon and re6lstered office.. 81 Crouch Hill London N8 9EG Charlty re8lstratlon no.: 1102941 Company reilstratloTh no.: 04690499 Auditors: Christopher Ml¢hael Ltd Chartered Certifled Accountants & Statutory Auditor5 26 station Road New Barnet Herts EN5 IQW Bankers: Lloyds TSB Fundlng authorftles: LB Islington Page 1
BOWLERS COMMUNITY NURSERY Private Com Llmlted Guarantee DirectOTS' &Trustees' Re rt for the Year Ended 31 Marth Z025 The trusteès a pleased to present their annual directors. report forthe yearaided 31 March 2025 whlch Is also prepared to meet the requlrements for a dlrectors report accounts forCornpanle5 Act purpose5. The financial 5tstemeTrts comply with the Charities Art 2011. the Companies Act 21J)6, the Mèmorandum and Artide5 of AssoclatSon, and Aeeounting alld Reportlng by Charitie5: Statement of Recomrnended Praclice appllcable to tharities preparing thelr a¢unIS in accordan with the Flnandal Reporting Standard applicable In the UK arml Republic of Ireland IFRS1021. 5trutture, Governance and Managemert overnin Docum Bowlèr's Cornmunity Nursery Is a cornparby limited by 8uarantee and Is a registered charlry. Thè cpmpany was established under a Memorandum of Assoelatlon whlch establlshed the objerts and power5 of the charitable company and Is governed under its Artides of Association. In the event of the company beingwound up mèrnbers are required to contribute an amount not ex¢eed5ng £1. ReCrUM olntment of Trurtees The trustees and diredor5 who have serve(l throughout the year are shown on page l. Appointment of directQf5ltTUStee5 15 Bovemed bythe Memorandum & Article5 of As51Kiation. New Trustees under80 training on Ihelr lerdl obligations as under Charrty L3W, the deci51on making PToce55, the buslness plan and recent perfomiano of the charity. anlsatlonal Strurture The charity 15 organized so that the trustees meet regularly to manage its affairs. The 'Nursery Hea(r manage5 the day to day dministration of the charity and report5 to the Trustees at monthly Trustee meetings. Risk Mana ment ' ThÈ trustees activety review the maior risk5 whlth the charlty faos on a re&ar basls believe that maintainln8 re5erve5 at the current levels. combined wlth an a)nual review of the contro15 over key fmancial systems. will provide suffiaent resource5 in the event of adverse condillons. The Irustees also revlew noTrfinancial risks and these risks are rnanaged by ensuring cornpllance wlth all health and safety regulations for children, staff and porert5. In oddltlon the nursery is regulated by Of5ted and the trustee5 and senior rnana8ement have conlro15 In pla to ensure compliance wlth such regulations. Relat None of the trustee5 receive remutKratlon or'other benefft In their capacity as trustees of the tharity. Any connertlon betsveen a trustee of the charity and erganisations providing SeIce5 to the charlty murt be disclosed to tfve full board of trustees In the same ay as any contra¥1 relationship with a related party. kn the ujrrent year no such related party transart5ons were reported. Pa oll for Senior staff The dlrectors consider that the board of dkectors. who are the Ch4riV5 trusttts, and sermor maserneTrt team comprise the key rnanagement peT50nnel of the tharity In thar8e of directln& controifin& running and operdting the tharity on a day to day basis. No director recelved remuneration in the ye¥. The pay of senior staff Is revleweil annually. Purpose and obJe¢Uves Bowler's Community Nursery Ltd provides a wlde range of seThi¢es io famllles with childrer form the ages of 6 months and 5 years. who live In ihe London Boroughs of Isingion, Hackney and surroundin8 area5 by offering appropriaie play and leaming facllities. Achlevements and perforniance The trustees consider that the charitvs activities of pwdlng nursery edU10n for chlldren has been succe5sftJl in meeting it's objertive5. Page 2
BOWLERS COMMUNITY NURSERY (Private Company Limited by Guarantee) Dlrert0, & TNstee5' Report forthe Year Ended 31 March 2025 (Contlnuedl FInala1 revle Total income for the year imounted to £662,977 wlth total expendlture amountingto £534.418 leaving a profft/-10s5 In Ihe year of £78,559. Accumulated reserves at thè balance sheet date amounted to £494.573. of thch £494,573 represent Incorne reserves. Reserves pollcy and golng concem The Trustees have undertaken a review of the charlS requirements for reserves in light of the rnaln r15ks to the organisatlon. The charfty has historical set up IV fvnd5. namety a 'runnlng cost, and 'stsff redundancy, reserve. In line wilh Charity ommlsslon recomrnendatlons. The running c05t reserve Is to cover TnIng Costs of the charfty of between 3 to 6 months and a5 at 31 March 2025 was £IOO,¢XQ which 15 equlvalent to 3-4 months nTh)ing costs. The 'staff redundancy fvnd, 15 to cover fvture potential siatutory Ilabllities {redundanq. unpald holiday & monies In lieu of notl¢el should the charlty tease attivities and as at 31 March Z024 is £70.IXIO. A new Infrastnitture fund of £70JJCKlwas Set up primarilyto fund investment In the a garden. Plans for future perltmts Fundins for the year 2025126 has been secured from L B lslington and total grants TE(eTvable for the yeBr wl11 be £58,541 for thè Charfties. core actlMties and the aim of the TTVStees 1$ to fvrtherdevelop the children'5 nITe. the proSon of nursery educallon and outreath seNlces in the Hackney & Islingion ar&is. Trustees re5ponslbllltle5 In relatlon to the11nalal Jt¢rnents The ¢harlty trustees (who are also direttor5 of the Company for the purposes of company lèwl are responslble for preparing trustee5' annual report and finanaal ststements In accordance with applitable law and Unlted Kin6dgrn Accountin8 Stsndards Iunlteil Klngdom GenerallyAccepted Attounting Practice). - selett suitable accountin8 PDU¢ie5 arKI appfy them conslstently* - observe the mèthods and principle5 in the tharTties SORP: - make Judgments and estimate5 that are reasonable and prudent: - State whether appllcable UK accounting standards have en followed. subjert to any rnaterlal departures dSsclosed and explalned lrt the financial statements. - prepare flnanclal statements on a going concern basis unless It is nappropriate to presume that ihe tharity 11 contlnue In Dperatlon. The trustees are responsible for keeplng accounting records whrch disdose wlth reasonable accuracy at any tlme thè financial posltlon of the tharity and enable thern to ensure that the financlal staiements comply with the Companie5 Art 2CM)6. They are a150 re5pon5ible for safeguarding the assets of thè charity and hen for toking reasonable Steps for the preventlon and detèction of fraud and other irregularities. D5rettors and trustees The trustees who are dlrectors for the purpose of cornpany13w who have served during the year and up to the date of this report are set out on pa8e l. statement as to d55do5vre to ouraudltors In so far a5 the trustees ore aware at the tkne of approving ourtnjstees, annual report: - there Is no relèvant inforniatiorn being inforrnat5on needed by the audltor In connertkn with preparing their report, ofwhlch the compan15 audrcor is unaware: and - the trustees, havlng made enquiries of fellow directors and the company auditorthat.they ought to have Individually tsken, have each taken all step5 that he/she is obllged to take as a dlrector In order io make Ihemsefve5 aware of any relevant audit inft>rrnatlon Jnd to establish that the audltor Is aware of that Informatlon. By order Df the board of trustees G Howorth- Trustee & Dlrector Date: 16.10.ZOZ5 Page 3
BOWLERS COMMUNftY NURSERY (Private Company Llmlted byGuar¥nteel Independent Audltor's Report to the Members of Bowler5 Community Nursery Oplnlon on finan¢lal ststements We have audiled the financlal statements of Bowlers Communlty Nursery for ihe year ended 31 March 2025 on page5 8 to 18. The flnanclal reporting framework that has been ¥pplied In their preparatlon Is applicable law, alld Unlted Klngdom Accountlng Stardards Iunlted Klngdom Generally Accepted Accountlng Ptscticel, including FRS 102 "The Fivancial Reporting Standard appllcable In the UK and Republlc of Ireland.. Thi5 report Is made solely to the charitable company's members, a5 a body, in accordance with Chopter 3 of Part 16 of the Companle5 Act 2006. Our audit work ha5 been urbdertaken so that we mlght state to the charltable companvs members those matters we are required to state to them In an auditoe5 report and for no other purp05e. To the fullest exlent pemiltted by law we do not accept or a55urne respon51billty to anyone other ihan the charitable company and the Eharitsble companvs members as a body. for our audit work, forthi5 reporL or for ihe opinion5 we have formed. In our oplnicn the financial statements: give a true and fair view of the stste of the charltable company's affalrs as at 31 Marth 2025, and of its incoming resources appllcatlon of resource5, including its income and expellditure, for the year then ended; have been properly prepared in accordancè wlth the United Kingdom Generally Accepted Acwunting Prartice; and have beern prepared In accordance with the requireTnent5 Of the Companies Act 21x16. Basls of oplnlon We conducled our audit in accordance wlth Internatlonal Standards on AudltlllE IUKI IISAS (UK)) and applicable law. Our responsibllitle5 underthosè siandards are further described in the Audito¢5 re5p0r15ibilitie5 for the audit of the flranclal statements section of our report. We are independent of the charitable Company In accordance wlth the ethical requirements that are relevant lo our audlt oFthe financial staternents in the UK. includlnts the FRC5 Ethical Standard, and we have fulfllled our other ethic81 re5ponsibllities in accordance with these requlrements. We bellove ihat the audit ev1dell we have obtalned is sufficient and ppropriale to provide a basFS for our opinion. Concluslons relatlnB to golns concern We havè nothing to report In respect of the followin8 matters in relatlon lo whlcb the ISAS IUKI requlre u5 to report to ¥ou whère= the trustees. vse of the going concern ba515 of accountlng In Ihe preparatlon of the financlal Statements Is not appropriate,. or the trustèes havÈ not di5cI0sed in the financial statements any idenllfied mater181 uncertainties that may cast slgnlflcant doubt bout the charitable CoMpanS )bilityto continue to adopt the going concern basis of accoullling for 4 Feriod of at least Iwelve months from the date when the financial statement5 are authorised for155ue. Other Inlormatlon The trustees are responslble for ihe other infomiation. The other Infi)rmation compr15e5 the Informallon included In the trustees, annual report, other than the financlal statements and our audliorfs report thereon. Our opinion on the fivancial statements does not cover the other information and. except to the extent OtheISe expllcitly stated In our report, we do not express anyform of a55urance concluslon thereon. In connection with our audit of the financial statemen15, cur responsibility Is to read thè Other informalion and, In dDins 50. wn5ider whether tbe other informatSon Is materially inconsistent with the financial Statements or our knowledge obtained In the audlt or otherwise appears to be materially mi55taled. If we Identlfy such rnat2rial Inconslstencles or apparent material mlsstaletnellts. we are requlred to determine whether therè Is a material misstatement in the financial statemeThts or a materfal m15ststement of the other inforniatlon. If, b05ed on the workwe have performed. we conclude that there 15 a material mlsslateTnent of thi5 Other infcrmatlon, we are required to report that fact. We have nothing to report In this reÈard. Opinion on other rnatter prescrlbed by the Companles Att z006 In our opinion. based on the wcrk undertaken in the course of the audit.. the Informatlon given in the trustee< repEJrt for the financlal year for which the flnanclal statèments are prepaied is consistenl with the financlal slatements,. and Page 4
BOWLERS COMMUNITYNURSERY (Prlvate CompanyLlmid byGuardntee) Indépenderrt Audliorf5 Report tDthe Members of Bowlers Commun the TrStee$ report has bEen prep3red In accordwIth apphcablt legal requlrements. Motters on whrth we are requlred to report by exc•pflon In the118ht of our knowledge and understsndlns of the tharftable company and Its emlronment otrrtalned In the ¢outse of the audtt, we hwe not IdeThtllied material m155tstements In ihe dlrectQT< report. We have nothlngto report In respeGt of thefolowln8 matter5 In rel¥tNtO whlch the Companles Act I( requlres u$to report t¢ you ff, In our oplnlon: -adequate accouTrtln8 records have not been kept,orretum% adequata for our audlt have not been recew from bTrrKhes not ¥151ttd by u5: or .the flnanclal statements are not In 38reement wlth the account1 rÈ¢ords and retums; or .certalTh dlsdosures of dlrectors, remuneratlon specified by13w are not rne. or -we have not re£èfv¢d all the Inlormatlon and expknjtlons wereq¢Jre for Dur 3udll: or Re$ponslbllltks oltrustee5 As explalThed more fully In the trustees, fesponslbllMe5 Ststement. the trustees Iwho are also the directors of the chartiable cornparyforthe purposes of company lawl Bre re5ponslble forthe preparallon of thefinanrlal ststÈments and for be8$e0 that they a true and falr ew, and forsuch Internal corttrol as the Irustees determlne Is necès5aryto enable the preporallon of Iln3nclal slatements that are freefrom materlal rnlsstatemEnL whether dLte to fraud or error. In preparOn8 the flnandal stat•mertts. the trustees are rÈspon5ible for a5sesslng the charl¢able cornpanvs iblllty to contlnut as a galn8 concern. dlscloslng, a5 applicable, matters rolJted ta Bolng concem and uslngthe 8oln8 concèrn bas150f iccountkng unlw the trustees etther Int•r•J to Ilquldatè thè charltable compary or to ceasé operatlon5, or have ng realtsllcalternatfve but to doso. Avdltvrfs YesponsSbSllts lorthe audlt of th4 Itwrl•lslrn•nts Our oblectfves hre io obtaln reas¢nabk aSSUfance aboutwhetherthe flnandal statementsas a whole are free from maierlal mlsSt4tement, whether due to fraud or error, and to Issue an audltorfs report that Indude5 our oplnlon. Rpa50n3ble assurance Is a hlRh level of assurance, but Is not a Buardfflee th4t an audit COfLJurted In accordance wllh ISAS IUKI wlll alwiys detett a materlal mL%staternent when It ex15ts. Mtsstaternents can irlse from fravd or eryor Jnd are conslderÈd materlal If, IndlvldTJally or In Ihe •8Br•8aM they could rèasonabfy beexported to InfiyencetheeconomlG ded5h)n5 of wers tsken on the basts of theseflnanclal statements, Irre8ularltle$, Indudln8 fraud, are Instsnces of nonmplInce wlth laws and requlaiions. WÈ deslBn procedures In Ilne wlth oyr rèsponslbllltles, outllned abovè, t dtiect materlal mtssiaternents In respert to Irreiularftles, Includlng fraud. The txtentto wNch out procedures are ¢apable ol detertln8 Irre8ularltl•s, In£ludln8lraucl Is detalled below: To 5den¢ify rlsks of merl?l rnlslat•rn•nts due to fraud Iyraud rfsks") w as5e55ed events of condlthjns that IndSc¥te an Incent[ or pressure to commlt Ifaud or provlde rhe opportun5ty ¢0 cOrnrn fraud. Our rfsk asséssment procedures Included.. 'EtV4ulrlnE wlth Trvstee5 and manaK¢rnenl and Inspertlon of pollcydocumentstlon asio Bowkrs Cornmunlty Nrsery's po11th5 pnd predureS to pi•vent fraud and detertfraud that app to thls company as well a5 Enqulrln8whtth•rtheTrurtèts and mSement hm knowledge ofany artu•l 5U5peded or•ll•8•d fraud. Audlt procedures performed by IhÈ engayment team Induded. •Dbs¢u551on5 wllh managementand a55essment of kn¢)wn or suspected tanCeS of non coryl¥nc•wlth law5and reiulatlon5 ind fraud: 'A9$155rnent5 of Id•ntffl•d fraud fartor3.' 'Chollpn8ln8 •ssumptlons and judgements made by manalementkn Irsslgnblkant occountln8 estlmates: 'Uslnx anolytlcal revSew proceduresto Idèntlfy unusual or unèxpEcled relatlonshW-. 'ConfirmAtlon of related partlES wilh rnana8emenL and ie¥lew of transartlonsthrov8houtihe perkth Idgntlfy pleOusly ufidlsclosed trnn5aCtlons wlth reled partl¥ oursldethe nDrmal course of buslnes5: Reaéln8 minLrtes of mee¢ln85 of thost tharied wlth govomance.. 'Revlew of slgnlflcant and unusual transatlons and evaluation of the undetyine finandal ratlonale SUPPDrtlnB the tran5actions', 'Identlfylng and te5tln8lournal entrle5, In partlcular any manual entrfes made atthèytarend for f)nanclal statement presentatlon. *ldeThtlfyln6 and respondlng to rlsks of rnaterlal lIternent dueto non complancewrth laws and re8ulatlgns. Page 5
BOWLERS COMMUNrrY NURSERY IPrlvat@ Company Umlted by Guarantee) Independent Auditor's Report to the Members of Bowlers Communlty Nutsery We communlcated Identffied fraud rlsks throughout the auditteam and mained alert to any Indications of fraud throughout the audlt As required by audltlng stsndards. tskg into accourrt P055ible pressures to meet proflt tsrgets. we perform prOdureS to addre55 ri5k5 of management overide of contro15 and the risk of fraudulent revènuÈ reCOgnlon. in¢ludinE: the risk that revenue is recorded In the wrong period and the risk that monagement may k In a pjsltion to make inappropriate accountlng entrie5. We dld not Identify any additlonal fraud risks. We Identrfled arears of laws and regulatlons that wuld reasonably be expetted to have a materlal effert on the financial statement5 from our general commerclal and 5edor experience and through tllstU55lon wlth Tntstee5 and management las required by audltlng stsndardsl and dIsCued with Trustees and management the wlicles and procedure5 re8ardln8 Complian with laws and regulatlons. Flrstly, the companyis Subject to law5 and regulatlons that dlrertly affett the financial statements includln8 financial reportin8 leglslatlon, (including related companles leglslatlon). dlstrlbutsble proflts legislation and tsxation legi51atlon and we assessed the extent of compllance wlth thÈse laws and regulations as part of our procedures on related ftnancial ststement Items. Secondly, the company15 subjett to many other laws and regulatlons where the consequences of non compliance have a material effect on the amounts or di5c105ures in the financlal statemÈnts. for Instance through the ImFJ051tion of fine5 Or litsgatlon. We Identlfled the following areas as those most Ilkelyto have such effett: health and safety, anti-briberyi general dats protectlon, Èmployment law, and rtaln aspects of company leglslation. recognising the nature of the companvs artlvitiès.Audttlng stsndards limit the requlred audit procedures to identify non compliance with these laws and regulations to enquire of the Trustees inspection of regulatory and legal orre5pondence, if any. Therefore, If a breach of operatlonal regulations 15 not dtsclosed to Us or evident from relevant correspondence. an audit will not detect that breach. Context of ablllty of the audlt to detect fraud or breached of law or reEulatlon Owing to the Inherent limitations of an audit, there Is an unavoldable risk that we may not have deterted some material mistatements In the finoncial statements, even though we have properly planned and performed our audit In accordance with audStlng stsndards. For example, the further removed non<ompllance with laws ond regulations 15 from the events and transactlons reflected In the financial statements, thè less lIke Inherently limited procedures required by authtlng standards would identify it. In oddition, as wlth any audit, there remalned a hlgheT rt5k of non4ktedion of fraud. as these may involvÈ collu51on. forgery, interrtional omlsslons, mlspresentatlons. orthe overide of internal controls. Our audlt procedures are deslgned to detert materfal miststement. We are not responsible for preventing non compllance or fraud and cannot be experted to detect non-compliance with all laws and regulatlon. As Part of an audit In accordance with ISAS IUKI, we exercise professional judgment and malntsln professional sceptlclsm throughout the audlt. We also: Identlfy and assess the rlsks of material misststement of the financlal statements, whether due to fraud or error, deslgn and perform audit procedures respon5Ne to those risk5, and obtaln audlt evldence that i5 sufficlent and appropriate to provide a basis for our oplnlon. The rlsk of not detectins a rnaterial misstatement resulting from fraud is hlgher than for one re5ultin6 from error, as fraud may Involve coIIu51on. for8eryi intentional omlsslons, mlsreprèsèntstlons. or the override of internal Control. Obtaln an understandlng of Internal control leart to the audlt In order to deslgn audlt prOdureS that are appropriate in the cIrcumstan. but not for the purp05e of exwwlng an opinlon on the effectivenes5 of the charitable company's internal control. Evaluate the appropriateness of acCountU poficies used and the reasonableness of accountlnE estlmates and related disclosure5 made by the trustees. Conclude on the approprlateness of the trustee5' Use of the golng concern basis of accountlng and, based on the audit evidence obtainÈd, whether a material uncertainty exi5t5 related to events or condition5 that may cast sEnificant doubt on the charitable companws ablllty to continue as a going concern. If we conclude that a materlal uncertainty exists, we are required to draw attentlon in our audltor's report to the related dlsclosures In the flnancial statements or. if sh di5cID5ures are Inadequate, to modify our oplnlon. Our conclusions are based on the audtt evldence obtained up to the date of our auditorfs report. However, future event5 or conditioris rnay cause the charitsble companvto cease to continue a5 a Roln% concern. page 6
BOWLERS COMMUNrrY NURSERY (Prlvate Compary Limited by Guarantee) Independent Audltor'5 Report to the m@mrS of Bowlers Communi Nursery Evaluate the overall psentiOn, structure and content of the flnandal 5tstements, Includlng the dlsclosures, and whether the flnancial statements represent the underlylng transactlons and events in a monnerthat achleves falr presentstlon. We communicate wlth those charged wlth govemance regardin& among other Matters, the planned scope and tlmln8 of the audlt ond Si8nlflcant audit findin8S• Includlng any 8n11kant deficlencies In internal control that we Idèntlfy durlng our audlt. A further descrlptlon of our responslbllltles foraudlt of the finCIal statements15 located on the Flnanclal rep)rtlng Councll's website at www.frr.or8.uklaudlt0rsresponslbll1eS. Thls descrlptlons forn15 part of our Report of the Audltors. Use of our report This report Is made solely to the charltable companvs members. as a body, Sn accordance wlth Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken $0 thot we ml8ht state to the charStable company's member5 those matters we are re4uSred to state to them In an audltorfs report and for no other purpose. To the fullest extent pemiltted by law, we do not accept or assume respon51blllty to anyone other than the charltable company and the charitable companrfs members as a bo, for our audlt work, forthls repor¢ or for the oplnlons we have formed Mlcha115 Mlchael, Senlor Statutory Audltor for and on behalf of Chrfstopher Mlchael Ltd, Chartered Certmed Accwntants & Statutory Auitr$ 26 StBtlon Road. New Barnet, Herts ÉN5 IQW page 7
BOWLER5 COMMUNrrY NURSERY IPrivate Company Limited by Guarantee) Statement of flnandal actlvltles for the year ended 31 March 2025 Unrestricted/ Designated Funds Restricted Funds Total Total 2024 20ZJ 25 24 Notes Income.. Donations and restrl¢ted grants Incomefrom Chorltuble ortivltles.. Nursery fees Incomefrom other chorltoble o¢dvltle5 Fundralslng & other Income Investment income 3(K).651 300.651 196,332 356.710 356.710 341,S99 5,616 5.616 1,668 Total Income 662.977 662,977 S39,599 Expendlture Expendlture on choritoble ortlvltles.. DITect Charltable expendlture ManaBement and admlnlstratlon 562,048 562,048 521,428 21370 22,370 22,531 TDt•l expondltur• 584,418 584.418 S43,959 N•t 5ncomellexpendlturel Jnd net rnovements In lund5 before yln5 Ind laM•s on InveStmts 78,559 78,559 14,3601 Net 8alnslll¢>s5es) on Imieslments Totil funds brought forward 19 416,014 416.014 420,374 Total funds carrled forwrd 494,573 494,573 416,014 The statement of findnclal actmtles includes all galns and losses h) the year. All IrKomln8 resources and resources expended derlve from contlnvlns bctfvltles. Page 8
BOWLERS COMMUNITY NURSERY (Prlvate Company Llmlted by Guaranteel BALANCE SHEET AS AT 31 MARCH 2025 Notes 2024 2023 Flxed Assets Tangible fixed assets 11.480 16,962 Total flxed assets 11.480 16,962 Current Assets Debtors Cash at bank and in hand 16 12.307 525,498 15.151 433,608 Total current Ossets 537,805 448,759 Credltors: amounts falllnK due wlthln one year 17 154,7121 149,7071 Net current assets 483,093 399,052 NET AS5Ef5 494,573 416.014 The lunds ol the Charlty: Unrestrlcted/Designated Income fvnds: TOTAL CHARITY FUNDS 19 494.573 416,014 494,573 416,014 These a¢counts are prepared In accordance wlth the special provisions of Part 1501 the Compgnles Att relatlnB to small companles and constltute the annual accounts requlred by the Companle5 Act 2006 and are for clrculatlon io members of the company. The noles at pa8e5 11 to 18 form part of these accounts Approved by the trustees on DATE: 16.IQ.2025 G Howorth Trustee & Company Dlrector Page 9
BOWLERS COMMUNrrY NURSERY Statement of ¢ash fiows AS AT 31 MARCH 2025 2024125 Z023124 Totsl Ftsnds Prlor year Funds Cash 110 from operatlng artlvltles: Net cash provlde<f by (used Inl opwatlng artlvltles Cash flow5 from Sn¥estln8 actlvhles Dlvldends, Interest and renis from Investments Purchase of fixed asset investments Purchase of tanglble fiyed a55ets Net ¢gsh provlded byl {used In} Investtr¥4ctl¥ltles 94.378 3.402 1.420 1,078 13,9081 110,3581 9L890 15,8781 Change in cash and cash equfvalents in the reportlng perlod Cash and cash equlvalents at the be8lnnlng of the reporting perlod Cash and cash equlvalents èt the end ol the reportlng perlod 91.890 433.608 15,8781 439.486 525,498 433.608 Reconclllatlon of net movom•nt In ltsnds to net osh flowfrom operntkn8aCtlvltl Net rnovement In funds for the roportln8 perlod las per the SOFA) Adjustments for.. Depre¢latlon charges Dlvldends, Interest and rents frorn Investrnents Ilncrea5el/decre8se In debtors Increaseldecreasel In credttors 78.559 14,3601 9,390 11,4201 2,844 5.035 8,413 11,0781 1,192 17651 Net cash provlded by (used Inl operatSn8acUvltle5 94,378 3,402 AtHlysls of ¢ash and cp5h •qulv•lents Cash In h?nd 525,498 433,608 Total elsh 4nd ¢ash equl¥al¢nts S25,498 433,608 Page10
BOWLERS COMMUNITY NURSERY (Prlvate Company Llmlted by Guarantee) NOTES TO THE FINANaAL sfATEMENTS forthe year endÈd 31 March 2025 Summa of5 nificant accounti Ildes General informatlon and basls of preparatlon Bowlers Communtty Nursery Is a company incorpordted In England & Wales and Is Ilmlted by guarantee and has no share capltal. In the event of the charity being vnund up, the Ilability in respect of the guarantee Is limlted to a maxlmum of £1 per member of the charity. The reglstered address is given In the charity information on page l of these financlal statements. The nature of the charity's operations and prlnclple attivities is primary nursery care. . The charity con5tltutes a public benefit entity as defined by FRS 102. The financial statements have been prepared In accordance wlth Accountlng and Reportlng by Charities: Statement of Recornmended Prartice applicable to charitles preparlng their accounts In accordance with the Financlal Reportlng Stsndard applicable in the UK and Republic of Ireland issued In October 2019, the Financial Reportlng Stsndard appllcable in the United Kingdom and Republic of Ireland IFRS 1021, the Charltles Act 2011, the Companies Art 2006 and UK Generally Accepted Accounting Practlce. The financlal ststements are prepared on a goln8 concern bas15 under the hlstorical cost convention, modified to Include certaln Items at fair value. The flnancial statements are presented In sterlingwhlch 15 the functional currency of the charity and rounded to the nearest £1. The s16nlflcant accountlng pollcles applied In the preparatlon of these financial statements are set out below. These policles have been conslstently applied to all years presented unless otherwlse stated. Recondllatlon wlth prevlau5 GAAP In preparlng the accounts the trustees have consldered whether In applyin8 the accountlng pollcies requlred by FRS 102 and the Charrtles 50RP FRS 102, the relnstatement of comparatlve Item was requlred. At the date of transltlon no other restatements were requlred. Incomlng resources Income Ilncluding income from government and other grants) Is recognlsed when the charity has entltlement to the funds, any performance condStlons attached to the items of income have been met, It Is probable that the income wlll be recelved and the amount can be measured rellably. Interest and Investment Income receivable Interest on funds held on deposlt and Income from Investments held is Included when recelvable and the amount can be measured rellable by the charity. Fund accountlng Unre5trlcted f unds are avallable for use at the dlscretlon of the trustees in furtherance of the general objectives of the charlty and whlch have not been deslgnated for other purposes. Desi8nated funds comprlse unrestrlcted fund5 that have been set aslde by the trustees for partlcular purpose5. The aim and use of each de51gnated fund Is set out In the notes to the financial statements. Restrlcted funds are funds whlch are to be used In accordance wlth speciflc restrittions Imposed by donors or whlch have been raised by the charty for partkular purposes. The cost of ralslng and admlnlsterin8 such funds are charged agalnst the speclfic fund. The aim and use of each restricted fund is set out Sn the notes to the financlal statements. Endowment funds represent those a55ets which murt be held permanently by the charity. Income arislng on the endowment funds can be used In accordan with the objects of the charity and 15 included as unrestrirted Income. Any capital 8alns or losses arising on the Investments form part of the fund. Investment management charges and legal advice relatlng to the fund are charged aRainst the fund. Page 11
BOWLERS COMMUNtrY NURSERY (Private Company Limited by Guarantee) NOTE5 TO THE FINANCIAL STATEMENTS for the year ended 31 Marth 2025 Other income includes the conversion of endowment funds into Income which arises when capitsl funds are released to an income fund from expendable en(k)wments or when a charity has authority to adopt a total return approach to Its permanent endowment fund. It also include5 Other Income Such as 8ains on dlsposals of tangible flxed assets. Expendlture reMgnitlon All expenditure Is accounted for on an accruals basis and has been classifTed under headings that aggregate all costs related to the category. Expenditure is reco8nised where there is a legal or constructive obligation to make payments to thlrd parties, It Is probable that the settlement will be requlred and the amount of the obligation can be measured rellably. Irrecoverable VAT Is charged as an expense a8ainst the activity forwhich expenditure arose 500n as the reclplent is notified of the grant, as this Sives rise to a reasonable expectstion that the reclpient will recelve the gr8nts. Where grants are conditlonal relatin8 to performance then the grant is only accrued when any unfulfllled conditions are out51de of the control of the charlty. Support Cost allocatlon Support costs are those that assist the work of the charity but do not directly represent charltable èctlvltles and Include offlce costsi governance costs, adminlstrative payroll c05t5, They are incurred dlrectly In support of expenditure on the objects of the charlty and include prolect management carrled out at Headquarters. Where support cost5 cannot be dlrertly attrlbuted to partlcular headlngs they have been allocated to cost of ralslng funds and expendlture on charltable actlvltles on a basis Fund-ralsin8 costs are those InCUrd In seeklng voluntary contributlons and do not include the costs of dlssemlnatin8 Informatlon In support of the charltable artlvitie5. Tangible fixed assets Tanglble flxed assets for use by the charlty are stated at cost less depreciation, Depreclatlon Is provlded at rates calculated to write off the Cost or valuation of flxed assets, less their e5tSmated resldual value, over thelr expected useful Ilves on the following bases: Fl¥ture5 & Nttln8s- 25% reduclng balance basis Taxatlon The charlty Is an exempt charity wlthln the meaning of schedule 3 of the Charitles Act 2011 and Is consldered to pass the tests set out In Paragraph I Schedule 6 Flnance Act 2010 and therefore It meets the deflnltl¢)n of a charitable company for UK Operatlns leases Rentals payable and recelvable under operatlng leases are char8ed to the SOFA on a stral8ht Ilne basls over the perlod of the Debtors Trade and other debtors are reco8nhsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald net ol any trade discounts due. Cash at bankand'ln hand Cash at bank and In hand Includes cash and short temi hl8hly liquld investments wlt a short maturlty of less than three months f rom the date of acqulsition or openin8 of the deposlt or similar account. Credltors and provislons Creditors and provisions are recognlsed where the charlty has a pent obllgatlon resultlng from a past event that will probably result In the transfer of funds to a third party and the amount due to settle the obllEatlon can be measured or Page 12
BOWLERS COMMUNrrY NURSERY (Private Company Limited by Guarantee) NOTES TO THE FINANCIAL srATEmErrS for the year ended 31 March 2025 Other income Includes the conversion of endowment funds Into income which arises when capital funds are released to an income fund trom expendable endowments or when a charity ha5 authority to adopt a total return approach to its permanent endowmept fund. It also includes other Income such as gain5 on disposals of tan8ible fixed a55ets. Expendlture recognltlon All expendlture is accounted for on an accruals basls and has been dassified under headlngs that aggre8ate all costs related to the category. Expenditure Is recognlsed where there is a legal or constructive obllgation to make payments to thlrd partles, it is probable that the settlement will be required and the amount of the obllgation can be measured rellably. Irrecoverable VAT 15 charged as an expense 38ainst the artlvity for which expenditure arose Grant5 payable to thlrd partles are withln the charltable objectives. Where uncondltlonal 8rants are offered, thls is accrued as soon as the recipient Is notlfled of the 8rant, as thi5 glves rise to a reasonable expectatlon that the reclplent wlll receive the Brants. Where grants are conditional relating to performance then the grant Is only accrued when any unfulfilled conditions are outslde of the control of the charlty. Support cost allocatlon Support costs are those that a551st the work of the charlty but do not dlrectly represent charitable actlvlties and Include cfflce costs. governance costs, admlnistratlve payroll cost& They are incurred dlrectly In support of expenditure on the objects of the charity and Include prolert rnanagement carrled out at Headquarters. Where support costs cannot be dlrectly attrlbuted to partlcular headlng5 they have been allocated to cost of ralsln8 funds and expendlture on charltable actlvlties on Fund-ralslng cost5 are those Incurred In seeklng voluntary contrlbutions and do not Include the costs of d155emlnatlng Informatlon in support of the charltable activltles. Taxatlon The charlty Is an exempt charlty wlthin the meanlng of schedule 3 of the Charities Act 2011 and Is consldered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definltlon of a charitable company for UK corporatlon tax purposes. Operatlng lea5e5 Rentals payable and recelvable under operatlng lease5 are char8ed to the SOFA on a straight Ilne basis over the perlod of the lease Debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash. at bank and In hand Cash at bank and in hand includes cash and short teirn hlghly liquld Investments wit a short maturlty of less than three months from the date of acqui51tlon or openlng of the deposit or similar account. Credltor5 and provlslons Credltors and provisions are recognised where the charty has a present obllgatlon re5ultlng from a past event that wlll probably result In the transfer of funds to a thlrd party and the amount due to settle the obllEatlon can be measured or estlmated rellably. page 13
BOWLERS COMMUNrrY NURSERY (Private Company Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 Flnanclal in5trument5 The trust has only has flnancial assets and flnancial Ilabllltles of a kind that qualify as basic finantlal instruments. The charity does not acqulre put options, derivatlves or other complex financial instruments. The maln form of financlal risk faced by the charity is that of volatllity in equity and investment markets due to wider economlc condltlons, the attitude of investors to risk, and changes in sentlment concerning equities. Penslons The Company operates a NEST pension scheme for fts employee5 . Contributions are expensed as they become payable. Golng concern The financlal stotements have been prepared on a going concern bas15 a5 the trustees belleve that no materlal uncertainties exist. The trustees have consldered the level of funds held and the expected level of income and expenditure for 12 rnonths from authorlsing these financlal statements. The budgeted income and expenditure Is sufficlent with the level of reserves for the charlty to be able to contlnue as a 80in8 concern. page 14
BOWLERS COMMUNITY NURSERY (Prlvate Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025 I leK31 status of the Trust The Trust is a company limlied by 8tsantee and has no Share capital. In the event of the tharlty beln8 wound Upi the liability In respect ofthe Buarantee is Imlted to £1 per member of the charity. 2 Flnan¢lal performance of thetharlty 20241Z5 2023124 Income 662,977 539.599 Expenditure on charttable activitle5 Expendlture on management and admlni5tratlon Depiecl*lon 562,048 22,370 521.428 22.531 584.418 543.959 Net Income 78,559 14,3601 Tot?1 fvnds brou8ht forward 416,014 420.374 Total fvnds carrled forward Represented by.. 494.573 416.014 Unrestrlcted fvnds 494,573 416,014 3 Income Irom Donat5ons and Grants Grants re1Vable- LB Islin8ton Donatlons 300,651 196,332 30D,651 196.332 4 In¢omo from charftsble actlv5tSes Nursery fee5 5 Income from other ehèrltable artlvldes Fundia151n8 other income Interest recelvable 356,710 341,599 3,546 6SO 1,420 180 410 1,078 5,616 1,668 6 Investment Incom• T Analy515 ol expendlture on th•iltsble att1v1e5 Staff & a8ency c05ts Oeprec5atlon Other runnlnB costs 444,553 9,390 108.los 420,655 8,413 92.360 562.048 521,428 8 Analy515 of g¢)vernanceand support cost Staff Costs Audlt and accountancy Bank char8es Subscrtptlons 21,240 21.493 1,130 1,038 22,370 22,531 Page 15
BOWLER5 COMMUNrrY NURSERY (Prlvate Company Lirnited by Guaranteel Note5 to the financial statements forthe year ended 31 March 2025 20/15 2023124 9 Net Inme1(PendIturej forthe ye This Is stated after char8in& Depreclation -owned assets Audltors rernuneratlon for autht ser¥l¢es Auditors remuneration f other servkes 9.390 5.10) L593 .413 5,lQ] 2,593 10 Analyses of stall costs, trustee reTrwneratkn and expensts, and the cost of key anagement personnel Wages and 5alarle5 Redundancy Penslons Agency & sesslonal stsff 436.599 414,855 6.111 1.843 5,800 444.553 420,655 The average number of stsff employed durbn8 the year were as follows.. Dlrett charable 15 15 15 Is The number of employees whose emoluments as defined for tsxatlon purposes amounted to over £60,)0 In ihe year were as foll 11 Trustees, r•muner•llon The trustees were not pald or recelved anyother benefits from the Charlty durlng the year kn thelr capadty as trustees. 12 Related party trnn5a¢Uons There were no related partles 11 Govemment Grants Incorne from government Brants cow15es of 8Trnt filIng made available by local 3uthoritles to fund the chlldren centre runnlng ¢05t of the Charlty. See note 4 for more Infomiailon and to t arnount and sources of these 8rJnts. 14 Corporatlon T The Charlty Is exempt frorn tax on Inme and Balns falMnB wlthln sectlon $05 of the Taxes A¢t 1988 sectlDn 252 of the Taxatlon of Chargeable Galns Act 1992 to the extent that these are applled to its charitable objects. Page 16
BOWLERS COMMUNITY NURSERY (Private Company Llmltod by Guarantee) Notes to the financlal statements forthe yearended 31 March 2025 Property Impn>vernÈnts Flxtures & rrttlngs Totsl 15 Tanglble fixed assets Cost: At l April 2024 Addf(ions 43,762 43,762 3,908 At 31 March 2025 47,670 47,670 Depredatlort At l April 2024 Charge In year 26.800 9,390 26,8CKJ 9.390 At 31 March 2025 36,190 36.190 Net bookvalue At 31 March 2025 11.480 11,480 At 31 March 2024 16.962 16,962 2024125 Z023124 16 Debtor5 Amounts due wlthin oneyear: Prepayments Accrued Income Other debtors 1,813 3,386 10,494 11,765 12,307 15.151 17 Credltors Amounts falling due wEthSn one year: Trade credr(ors & accrnals Other creditors & deferred Incorne 13.105 41,607 11,530 38,177 54,712 49,707 IB Deferred Inwme Deferred income comprise adwance receipt of nUry fees for 2013124 Balance as at l April 2D23 Amount released to Incorne earned from charitable actlvities Arnount deferred In the year Balance as at 31 March 2024 Page 17
BOWLERS COMMUNITY NURSERY (Prlvate Company Llmlted by Guarantee) Notss to the finandal ststements for the year ended 31 March 2025 ZDZ4125 202¥24 19 Analysi5 (hOtable funds Unre5trlcted lund5 Restricted veserves rlcied- General rèserve.. lance at l Aprfl 2024 Movernerbt In year lrtter-fund transfers Balance at 31 March 2025 Unr•$trirted Re5eryes strlct Balance 31 i April 2024 Movement in year Inter- fund transfers 246.014 78,559 250,374 14,3601 Balance at31 Mar¢h 2025 324.573 246,014 DeslRnatsdlurtd Desl nated-staff redundan Balance at l Apr512024 Movement In year Inter-fund transfers fund.. 70KQO ealanee at 31 M•rth 2025 700 70.IXO ThfrarU Balance at l April 2024 Movemènt In yeor Inter-fund tralfer5 galance at 31 March 2025 Des1 nated- Runnln Balanie at l AprS12024 Movement In year Inter-fund transfers ioomo ioo,(vJ Balance at 31 March 2025 ioJ,c i(M),o)o Total 494,573 416,014 10 knaly51s betweenfvnd boLan¢es tknTrsiricted Genernl DeS1ped Toi•l Tanglble tjxed assèts Cash at bank and In hand Investrnents Other net currert a55etsllllabllltks1 ii, 158520 11,480 525,498 366.978 14141051 141405} Total 3Z4.573 170,Ot 494,573 Page 18
BOWLERS COMMUNITY NURSERY (Prlvate Company Umlted by Guarantee) Oetalled Income and expenditure account for the year ended 31 March 2025 2D24125 2023124 Income Grants & nursery fee subsidv Fund ralslngs & donations Nursery fees other income Interest recelvable 300,651 3,546 356.710 650 1,420 196,332 180 341,599 41Q 1,078 .539 599 662,977 Dlrect tharitable expendItu. Staff costs Rent, rate5 & servlces Depreciation LiBht & heat Cleaning Food & mllk Insurance Println& postage & statlonery Telephone Toys, teachin8 materials & consumables General RepalTS, malntenance Garden RepaSr5 & rnalntenance Staff trainlng and welfare Staff recruitment Subslstence Travel & outlng costs Dance classes & chlldren's entertalnment Consuttancv Marketing & Advertlsin8 Software 5UPPOrt Legal & Professional Fees Rental charges operating lease Donatlons Sundry expenses 444,553 420,655 9,390 2,250 7,961 28,318 3,391 2,029 782 25.689 11,678 2,064 9,408 349 827 354 2,802 8,413 703 7.288 26,461 2,864 3,404 1,403 16,153 14,128 2,108 5,800 45 47 3,411 1,728 4,089 2,208 3,772 980 1,126 3,271 635 939 562,048 521.428 Management & admlnlstrtlon ¢0s1&' Staff costs other runnlng costs Bank charges Audit Accountoncy Subscrlptlons 5,100 16,140 1,130 22,370 5,100 16,393 1,038 22,531 NET INCOMINGSI(OUTfjOING51 IN YEAR 78.559 14,360 Page 19