OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← King Square Community Nursery Ltd

2025-03-31-accounts

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD

(Private Company Limited by Guarantee)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

COMPANY REG NO. 05224434

CHARITY NO. 1108752

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Contents

Page
Legal and administrative information 1
Report of the trustees 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Accounting policies 8-9
Notes forming part of the financial statements 10-13
Detailed income & expenditure account 14

Page 14 does not form part of the statutory accounts.

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Legal and Administrative Information

Trustees and directors Lisa Basset * Samantha Andrews Rebecca Tilley

Company secretary: J Morgan Key management & personnel J Morgan Registered & Administration office: Rahere House Central Street London EC1V 8DE Charity registration no.: 1108752 Company registration no.: 05224434 (England & Wales) Reporting Accountants Liondaris & Co Cerified Accountants 1st Floor Woodgate Studios 2-8 Games Road Cockfosters EN4 9HN Bankers: The Co-operative Bank Plc Major Funder L B Islington

Page 1

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee)

Directors' & Trustees' Report for the Year Ended 31 March 2025

The trustees are pleased to present their annual directors' report for the year ended 31 March 2025 which is also prepared to meet the requirements for a directors report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102).

Structure, Governance and Management

Governing Document

King Square Community Nursery Ltd is a company limited by guarantee and is a registered charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment & Appointment of Trustees

The trustees and directors who have served throughout the year are shown on page 1. Appointment of directors/trustees is governed by the Memorandum & Articles of Association.

New Trustees undergo training on their legal obligations as under Charity Law, the decision making process, the business plan and recent performance of the charity.

Organisational Structure

The charity is organized so that the trustees meet regularly to manage its affairs. The Nursery director manages the day to day administration of the charity and reports to the Trustees throughout the year.

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at the current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.

The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

The trustees also review non-financial risks and these risks are managed by ensuring compliance with all health and safety regulations for children, staff and parents.

Related parties

None of the trustees receive remuneration or other benefit in their capacity as trustees of the charity. Any connection between a trustee of the charity and organisations providing services to the charity must be disclosed to the full board of trustees in the same way as any contractual relationship with a related party. In the current year no such related party transactions were reported.

Pay policy for senior staff

The directors consider that the board of directors, who are the Charity's trustees, and senior management team comprise the key management personnel of the charity in charge of directing, controlling, running and operating the charity on a day to day basis.

The pay of senior staff is reviewed annually.

Main Activities, Purposes and Objectives

The charity's objects and its principal activities are the advancement of the education of children below school age.

Accomplishments & Achievements

We are proud to share some of our accomplishments and highlights from the past year — a period of positive change, growth, and continued dedication to children and families in our community.

Recognition and Leadership: We are delighted to share that our Manager/Director, Jackie Morgan, was honoured in the New Year’s Honours list with a British Empire Medal (BEM) for her exceptional work supporting families and children in the community. This is a well-deserved recognition of her passion and leadership

Relocation and Transition: We successfully vacated Toffee Park and transitioned back into Rahere House with minimal disruption. Redundancies were handled smoothly and sensitively. Children and parents have settled in well and are thriving in the new environment.

Page 2

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD

(Private Company Limited by Guarantee)

Directors' & Trustees' Report for the Year Ended 31 March 2025

(Continued)

Accomplishments & Achievements (continued)

Enriching Experiences: A special London Symphony Orchestra concert at St. Luke’s Church gave 24 children the opportunity to enjoy a live musical performance and learn about various instruments—an enriching and memorable experience. We continued to offer regular drama and library sessions , fostering children’s creative and expressive development. We held four successful family days :

Cultural and Nature-Based Learning: Our visits to the Barbican Centre and its art gallery provided children with valuable exposure to art, artists, and diverse styles. We also visited the local fish pond , where children observed wildlife and explored nature—expanding their understanding of the natural world.

Development and Collaboration: We secured funding to improve the outdoor space at Rahere House , and a canopy was successfully installed to make the area usable in all weather conditions. Staff attended monthly multi-agency meetings , providing vital support for vulnerable families. Regular engagement with our link advisory teacher led to an Inclusive Practice Audit and a review of our setting's categorisation, earning Rahere House an excellent green rating. Following “Let Me Out” training and a Movers audit , we enhanced our outdoor provision and explored Forest School spaces , giving all children opportunities to benefit from nature-based learning and development.

Governance and Training: Our AGM was held on 24 October 2024 , with discussions centred on the relocation to Rahere House, staff deployment, and the implementation of check-ins in place of formal supervisions. Inset days focused on home visits, Taste Ed training, Watch Me Play, planning, and room observations. A well-attended parent workshop followed on from Taste Ed training. We remained active in important meetings and networks including Children in Need , TAF , DSL forums , MAMs , and Early Years Sub-Group meetings, providing tailored support for families facing challenges around speech and language, behaviour, health, wellbeing, safeguarding, and finances.

Staff Development: Staff have been actively engaged in ongoing professional development, including the continuation of the Tiny Tips programme —offering trauma-informed support. Training has focused on understanding trauma and its impact on child development. A new finance system was sourced, and the finance officer completed relevant training.

Community Feedback: The management team opted not to distribute the annual parent survey due to the high level of concern surrounding the closure of Toffee Park and the community’s involvement in local Council consultations.

Financial review

Total income for the year amounted to £789,463 with total expenditure amounting to £723,468 leaving a surplus in the year of £65,995.

Accumulated reserves at the balance sheet date amounted to £393,494, of which £393,494 represent income reserves.

Investment powers and policy

The trustees, having regard to the liquidity requirements of operating the charity's activities, have kept a proportion of available liquid funds in an interest bearing account to maximise the rate of return, although given current rates of interest the rate of return is minimal. The trustees will review the position and consider alternative investments to maximise returns but will continue with a risk averse policy.

Reserves policy and going concern

The Trustees have undertaken a review of the charity's requirements for reserves in light of the main risks to the organisation. As part of this review the charity has set up to cover future potential statutory liabilities (redundancy, unpaid holiday & monies in lieu of notice) should the charity cease activities and as at 31 March 2025 stands at £150,000. Unrestricted reserves as at 31 March 2025 at £150,000 which is equivalent to 3 months running costs.

Future Developments: Our greatest strength lies in our committed team of staff and trustees , who work together to deliver high-quality childcare to every child in our care. Looking ahead, we remain focused on growth, sustainability, and continuous improvement. We will continue to prioritise early childhood development and learning . Ensure a stimulating and engaging environment that supports all areas of development. Maintain a strong focus on staff training and professional development . Strengthen collaboration with other nurseries and community partners . Continue to enhance practice at King Square Community Nursery , working towards excellence in all areas of provision. Embed and sustain the use of check-ins as a supportive supervision model. Fully implement and maintain the new financ e system to ensure operational efficiency.

Page 3

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Directors' & Trustees' Report for the Year Ended 31 March 2025 (Continued)

Trustees responsibilities in relation to the financial statements

The charity trustees (who are also directors of the Company for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud

Directors and trustees

The trustees who are directors for the purpose of company law who have served during the year and up to the date of this report are

The company has taken advantage of the small companies' exemption in preparing the report above. The trustees declare that they have approved the trustees' report above.

Signed on behalf of the charity's trustees/directors

………………………………………………………………… J Morgan CrF646958FFB0C413... by: Company Secretary Date: 13 November 2025

Page 4

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Independent Examiner's report on the accounts for the year ended 31 March 2025

I report to the Trustees on my examination of the accounts of King Square Community Nursery (the charity), charity number 1108752, for the year ended 31 March 2025, which are set out on pages 6 to 13.

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the above charity ("The Trust") for the year ended 31 March 2024.

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145((5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination which gives me cause to believe that in, any material respect:

Charities (Accounts and Reports) Regulations 2008 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.

I have no concerns and have come across no other matter 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.

C Liondaris Liondaris & Co Certified Accountants

1st Floor Woodgate Studios, 2-8 Games Road, Cockfosters, EN4 9HN

Date: 13 November 2025

Page 5

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Statement of financial activities for the year ended 31 March 2025

==> picture [483 x 392] intentionally omitted <==

----- Start of picture text -----
Unrestricted/
Restricted Designated Total Total
Notes Funds Funds 2024/25 2023/24
£ £ £ £
Income:
Grants receivable 3 232,803 354,229 587,032 489,216
Income from Charitable activities:
Income generation 4 - 195,641 195,641 292,235
Income from other charitable activities
Fundraising & other income 5 - 6,790 6,790 8,542
Total income 232,803 556,660 789,463 789,993
Expenditure
Expenditure on charitable activities:
Direct Charitable expenditure 6 232,803 324,354 557,157 613,077
Management and administration 7 - 166,311 166,311 170,133
Total expenditure 232,803 490,665 723,468 783,210
Net income/(expenditure) and net movements
in funds before gains and losses on investments
8 - 65,995 65,995 6,783
Interfund Transfer - - - -
-
Total funds brought forward 327,499 327,499 320,716
Total funds carried forward - 393,494 393,494 327,499
----- End of picture text -----

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

Page 6

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) BALANCE SHEET AS AT 31 MARCH 2025

Notes 2024/25 2023/24
Current Assets
Debtors
Cash at bank and in hand		 14 £
22,635
489,090		 £ £
36,349
387,821		 £
Total current assets
Creditors: amounts falling due
within one year		 15 511,725
(118,231)		 424,170
(96,671)
Net current assets 393,494 327,499
NET ASSETS 393,494 327,499
The funds of the Charity:
Restricted income funds:
Unrestricted income funds:		 16
16		 -
393,494		 -
327,499
TOTAL CHARITY FUNDS 393,494 327,499

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Approved by the trustees/directors on 13 November 2025 and signed on its behalf

R Tilley Trustee & Company Director

Page 7

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of financial statements are as follows

Basis of Preparation

The Financial statements have been prepared in accordance with Accounting and Reporting of charities : SORP applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective date 1 January 2015) - Charities SORP (FRS 102), the financial reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

King Square Community Nursery meet the definition of Charity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy (notes).

Incoming resources

Income (including income from government and other grants) is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Interest and investment income receivable

Interest on funds held on deposit and income from investments held is included when receivable and the amount can be measured reliable by the charity.

Fund accounting & transfers between funds

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are donations or grants which the donor has specified are to be solely used for a particular purpose or area of the charity's work or projects being undertaken by the charity.

Transfer from unrestricted general and designated funds are at the discretion of the trustees and are disclosed in the financial statements.

Transfers from restricted funds to unrestricted funds take place where a project has been completed and the fund donor has agreed that the charity retain the surplus to be used for the general purposes of the charity.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure has been incurred.

Taxation

As a grant aided charity with charitable status the charity's activities do not create a charge to corporation tax.

Operating leases

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Page 8

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of less than three months from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or

Financial instruments

The trust has only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. The charity does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity and investment markets due to wider economic conditions, the

Pensions

The Trust operates a defined contribution pension scheme under 'auto-enrolment legislation.

Page 9

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD

(Private Company Limited by Guarantee)

Notes to the financial statements

for the year ended 31 March 2025

1 Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2 Financial performance of the charity
Income
Expenditure on charitable activities
Expenditure on management and administration
Net income/(expenditure)
Total funds brought forward
Total funds carried forward
Represented by:
Unrestricted funds - general
Unrestricted funds - designated
3 Income from Donations, Grants & Income Generation (restricted)
Grants received in year:
L B Islington - Grant Aid
L B Islington - P E L
L B Islington - Deprivation Fund
L B Islington - S E N Funding
City University
Income from Donations, Grants & Income Generation (unrestricted)
NEG & Other Funding
4 Income from charitable activities (unrestricted)
Income generation - Nursery fees
5 Income from other charitable activities (unrestricted)
Fundraising & donations
Interest receivable
6 Analysis of expenditure on charitable activities
Staff & agency costs
Other running costs
Analysis of costs by funds
Restricted
Unrestricted
7 Analysis of governance and support cost
Staff costs
Reporting Accountant's fee and accountancy
Other
Analysis of costs by funds
Unrestricted		 2024/25
£
789,463
557,157
166,311
723,468
65,995
327,499
393,494
393,494
393,494
75,492
66,001
57,900
33,410
232,803
354,229
587,032
195,641
195,641
2,815
3,975
6,790
377,422
179,735
557,157
232,803
324,354
557,157
153,530
2,700
10,081
166,311
166,311
166,311		 2023/24
£
789,993
613,077
170,133
783,210
6,783
320,716
327,499
327,499
327,499
76,990
39,697
30,347
40,799
14,919
202,752
286,464
489,216
292,235
292,235
4,161
4,381
8,542
451,850
161,227
613,077
202,752
410,325
613,077
166,844
2,520
769
170,133
170,133
170,133

Page 10

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025

8 Net income /(expenditure) for the year
This is stated after charging:
Reporting accountant's remuneration
9
Wages and salaries
Employers national insurance
Pension costs - (defined contribution pension plan)
The average number of staff employed during the year
were as follows:
Direct charitable
Administration & support
The number of employees whose emoluments as defined for taxation purposes
amounted to over £60,000 in the year were as follows:
Analyses of staff costs, trustee remuneration and expenses, and the cost of key
management personnel		 2024/25
£
2,700
488,660
34,976
7,316
530,952
19
3
22
-		 2023/24
£
2,520
575,187
34,930
8,577
618,694
25
4
29
-

10 Trustees' remuneration

The trustees were not paid or received any other benefits from the Charity during the year in their capacity as trustees.

11 Related party transactions

There were no related party transactions to be disclosed during the year under review.

12 Government Grants

Income from grants comprises of grant funding made available by funding authorities and private entities to fund specific projects undertaken by the Charity. See note 4 for more information and to the amount and sources of these grants.

13 Corporation Tax

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Debtors
Amounts due within one year:
Prepayments and accrued income
Accrued income
Prepayments
15 Creditors
Amounts falling due within one year:
Other taxation & social security
Deferred Income
Other creditors & accruals		 2024/25
22,635
-
22,635
9,187
10,840
98,204
118,231		 2023/24
36,349
36,349
10,624
11,192
74,855
96,671

Page 11

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025

16 Analysis of funds:
Restricted
L B Islington - Grant Aid
L B Islington - Deprivation Fund
L B Islington - P E L
L B Islington - S E N Funding
City University
Unrestricted:
Designtated - Staff & maternity
General reserve
Total Funds		 B/Fwd
-
-
-
-
-
-
150,000
177,499
327,499
327,499		 Income
75,492
57,900
66,001
33,410
232,803
-
556,660
556,660
789,463		 Expenditure
(75,492)
(57,900)
(66,001)
(33,410)
(232,803)
(29,750)
(460,915)
(490,665)
(723,468)
2024/25		 Transfers
-
-
-
-
-
-
-
-
-
-		 C/fwd
-
-
-
-
-
-
120,250
273,244
393,494
393,494

Restricted funds:

L B Islington Nursery Refurbishment - Funds used to redevelop Nursery Premises

Nursery Funding - provision of nursery education to meet the needs of children and their parents/carers in the local community.

Unrestricted & designated funds:

Staff & Maternity Fund: Funds set aside to cover maternity pay in excess of SMP and future redundancy costs should the charity cease activities.

General reserve: The fund represents the free funds of the charity which are not designated for a particular purpose.

Analysis of funds (continued):

Analysis of funds by project
L B Islington - Grant Aid
L B Islington - Deprivation Fund
L B Islington - P E L
L B Islington - S E N Funding
City University
Unrestricted:
Staff & maternity fund
General reserve
Total Funds		 B/Fwd
-
-
-
-
-
150,000
170,716
320,716
320,716		 Income
76,990
30,347
39,697
40,799
14,919
202,752
-
587,241
587,241
789,993		 Expenditure
(76,990)
(30,347)
(39,697)
(40,799)
(14,919)
(202,752)
-
(580,458)
(580,458)
(783,210)
2023/24		 Transfers
-
-
-
-
-
-
-
-
-		 C/fwd
-
-
-
-
-
150,000
177,499
327,499
327,499

Page 12

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Notes to the financial statements for the year ended 31 March 2025

17 Analysis between fund balances

Cash at bank and in hand
Other net current assets/ (liabilities)
Cash at bank and in hand
Other net current assets/ (liabilities)		 Restricted
£
-
-
Restricted
£
-
-
-		 Unrestricted
£
489,090
(95,596)
393,494
Unrestricted
£
387,821
(60,322)
327,499
2024/25
2023/24		 Total
£
489,090
(95,596)
393,494
Total
£
387,821
(60,322)
327,499

18 Post-balance sheet events

The trustees, having made enquiries with senior members of staff confirm that there are no post balance sheet events which require disclosure in the financial statements.

Page 13

Docusign Envelope ID: D4D18F25-1180-4329-B1F8-CC00EB4B5715

KING SQUARE COMMUNITY NURSERY LTD (Private Company Limited by Guarantee) Detailed income and expenditure account for the year ended 31 March 2025

Grants receivable
Income generation
Interest receivable
Fundraising, donations & other income
Direct charitable expenditure:
Staff costs
Redundancy pay
Staff pensions
Staff training, welfare & other expenses
Temporary staff
Travel & subsistence
Nursery food & drink
Nursery outings
Nursery equipment, toys & materials
Rent, rates & services charges
Insurance
Advertising
Repairs & maintenance
Equipment hire
Printing, postage & stationery
Telephone
Memberships and subscriptions
Sundry expenses
Management & administration:
Staff costs
Bank charges
Audit and accountancy
Legal & professional expenses
NET INCOMINGS/(OUTGOINGS) IN YEAR		 2024/25
£
587,032
195,641
3,975
2,815
789,463
370,106
29,750
7,316
4,732
35,196
2,587
13,822
240
5,323
22,163
-
1,505
47,736
3,019
3,021
9,281
1,053
307
557,157
153,530
2
2,700
10,079
166,311
65,995		 2023/24
£
489,216
292,235
4,381
4,161
789,993
443,273
-
8,577
2,876
38,983
418
14,335
304
4,525
45,197
1,402
1,990
38,388
2,104
2,524
7,586
496
100
613,077
166,844
-
2,520
769
170,133
6,783

Page 14