# **Early Years Network Tower Hamlets (A company limited by guarantee)**
**Trustees’ Report and Financial Statements for the year ended 31 March 2025**
**Company no. 5384205 (England & Wales)**
**Charity no. 1110092**
_Early Years Network Tower Hamlets_
## **Contents**
||**Page**|
|---|---|
|**Reference and Administration Details**|**2**|
|**Trustees’ report**|**3-8**|
|**Statement of Directors’/Trustees’ responsibilities**|**9**|
|**Independent Examiner’s Report**|**10**|
|**Statement of Financial Activities**|**11**|
|**Balance Sheet**|**12**|
|**Notes forming part of the financial statements**|**13-23**|
_Early Years Network Tower Hamlets_
## **Reference and Administration Details**
## **Trustees Report-Statutory Information**
**Charity Name:** Early Years Network Tower Hamlets **Charity no:** 1110092 **Company no:** 5384205
## **Principle & Registered Office:**
Weavers Community Space 15 Kelsey Street Bethnal Green London E2 6HD **Directors and Trustees:** Dolores Bray-Ash Chair Tracy McCormack Vice-Chair Lorraine Dooley Treasurer Kim May **Company Secretary:** Shahista Chaiwalla
## **Independent Examiner:** Mauva Adams
Ma’Leon Accountancy Services Limited 167-169 Great Portland Street 5[th ] Floor London W1W 5PF **Bankers:** The Co-operative Bank 80 Cornhill London EC3V 3NJ **Solicitors:** Bates Wells and Braithwaite Cheapside House 13 8 Cheapside London EC2V 6BB
Page | 2
## **TRUSTEES’ REPORT**
## **For the year ended 31 March 2025**
The Trustees of Early Years Network Tower Hamlets (EYNTH) present their Annual Report and the audited Financial Statements for the year ended 31 March 2025. The Trustees, who are also Directors for the purposes of company law, confirm that the report and financial statements have been
prepared in accordance with the Charities Act 2011, the Companies Act 2006, the charity’s Articles of
Association, and the Charities SORP (FRS 102).
## **1. Structure, Governance and Management Legal Structure**
Early Years Network Tower Hamlets is a charitable company limited by guarantee, incorporated on 7 March 2005 and registered as a charity on 20 June 2005. The charity is governed by its Memorandum and Articles of Association.
The Trustees act as Directors of the charitable company. The charity has no share capital, and each member agrees to contribute £1 in the event of winding up.
## **Organisational Structure**
The charity is managed by a Management Committee of up to 12 members elected at the Annual General Meeting. The Committee is responsible for determining strategy, overseeing governance and ensuring compliance.
The Management Committee met four times during the year.
Operational management is delegated to the Business Manager, who oversees day-to-day activity, staffing, financial administration, and delivery of services across the organisation.
## **Trustees Serving During the Year**
- **Dolores Bray-Ash** , Chair
- **Tracy McCormack** , Vice-Chair
- **Lorraine Dooley** , Treasurer
- **Kim May**
All Trustees give their time voluntarily and receive no remuneration.
## **2. Recruitment and Appointment of Trustees**
Trustees are elected at the AGM or co-opted when vacancies arise. The Board seeks individuals with expertise relevant to early years education, governance, finance, human resources and the voluntary sector.
An induction programme is provided for all new Trustees, covering legal obligations, charity policies,
safeguarding duties and an overview of EYNTH’s work.
Page | 3
## **3. Risk Management**
The Trustees regularly review the risks facing the charity and maintain a risk management framework covering strategic, financial, operational and compliance risks.
Key risks identified include:
## **Funding and Financial Stability**
Volatility in early years funding presents ongoing risks. The Trustees have mitigated this through:
- diversification of income streams
- improved financial reporting
- strong reserves policy
- scenario planning to manage future uncertainty
## **Operational Risks**
These include staffing capacity, recruitment challenges and safeguarding requirements. EYNTH maintains:
- robust HR procedures
- continuous training and supervision
- compliance with Ofsted and EYFS requirements
- regular safeguarding reviews
## **Insurance**
A comprehensive combined charity insurance policy is in place, covering:
- Employer’s liability – **£10m**
- Public liability – **£10m**
- Products liability – **£10m**
- Professional indemnity – **£1M**
- Business interruption – **£400k**
Risk assessments are reviewed regularly and updated in line with Government guidance.
## **4. Objectives and Principal Activities**
The charity’s objectives, as set out in its governing document, are:
- To enhance the development and education of children primarily under statutory school age within
- the London Borough of Tower Hamlets.
- To encourage parents to understand and provide for the needs of their children through
community groups.
Page | 4
- To offer continuing support, encouragement and help to these groups.
- To run a nursery providing full day care and pre-school sessional care.
The charity delivers two core areas of activity:
## **a) Infrastructure Support to Early Years Providers**
EYNTH provides representation, information, development and administrative services to voluntary sector early years providers. These include:
- Payroll services
- HR support
- Infrastructure support
These services operate on a chargeable basis.
## **b) Direct Provision of Childcare**
EYNTH manages:
- **Weavers Fields Community Nursery (WFCN)** – full day care for 0-5 year olds
- **Weavers Fields Pre-School** – sessional care for 2–3 year olds
Activities, performance indicators and outcomes are reviewed at each Management Committee
meeting to ensure alignment with the charity’s aims.
## **5. Public Benefit**
The Trustees confirm that they have complied with the duty under section 17 of the Charities Act
2011 to have due regard to the Charity Commission’s guidance on public benefit.
The charity provides significant public benefit by:
- delivering accessible, high-quality early years education
- supporting families facing complex social and economic challenges
- providing specialist support for children with additional needs
- strengthening voluntary sector providers in Tower Hamlets
All Trustees act voluntarily and receive no payment for their contribution.
## **6. Achievements and Performance Infrastructure Support to Early Years Providers**
EYNTH continued to support voluntary sector childcare providers across the borough with the infrastructure support services (HR, payroll, staffing support) which, continue to be widely valued and integral to the sustainability of many settings.
Page | 5
## **Weavers Fields Community Nursery (WFCN)**
WFCN strives to provide high-quality affordable full day care for parents returning to work.
## **Key Achievements**
- **25 children** attended during 2024–2025.
- Regular newsletters and parent communications were maintained.
- Key person relationships ensured strong parental engagement.
- 30 hours funding for working families continued to be offered to all eligible families.
- Prospective parent visits continued on Saturdays, supporting working parents.
- Staff ensure full compliance with Ofsted and the EYFS curriculum.
## **Weavers Fields Pre-School**
The pre-school continues to provide high-quality sessional care for 2- and 3-year-olds.
## **Key Achievements**
- **35 children** attended during 2024–2025.
- Significant increase in children with SEND; staff worked tirelessly to support families, make referrals and manage transitions for children with EHCPs.
- Continued commitment to increasing staffing levels and capacity.
The Trustees commend the professionalism, resilience and dedication of all staff.
## **7. Financial Review**
The Statement of Financial Activities shows a net surplus of £9,670 resulting in total reserves of
£678,569 of which £568,181 is unrestricted at 31 March 2025.
The Trustees’ reserve policy has been essential in enabling the charity to manage uncertainty and
maintain stability.
## **Staffing Costs**
The Trustees remain committed to retaining skilled staff and ensuring financial sustainability. Staff were given a 3.5% pay rise in April 2025.
## **8. Principal Funding Sources**
- Nursery: Fees and 30 hours working families funding
- Pre-school: Early Learning for 2 Year Olds and 3 Year Olds educational grants
- Infrastructure support services: Chargeable service income
## **9. Investment Policy**
Surplus funds are held in an interest-bearing account, while sufficient funds are maintained in the current account to meet day-to-day liabilities.
Page | 6
## **10. Reserves Policy**
The Management Committee maintains reserves equivalent to **12–18 months of annual**
**expenditure** , in line with a calculated assessment of risk and organisational needs.
The policy ensures that the charity can:
- cover known liabilities
- absorb setbacks
- take advantage of opportunities
- maintain stability during sector turbulence
Designated reserves are used when necessary. Without these reserves, the organisation would face significant financial risk.
## **11. Plans for the Future Infrastructure Support**
EYNTH will continue to expand financial support services for voluntary sector childcare providers, strengthening sector resilience.
## **Weavers Fields Community Nursery**
- Support free childcare expansion for 2-year-olds and under 2s
- Maintain a strong waiting list and explore growth options
- Strive to be a center of excellence for childcare in Tower Hamlets
## **Weavers Fields Pre-School**
- Work closely with Children’s Centres and the Local Authority to increase capacity and intake
EYNTH remains committed to delivering high-quality early years education across the borough.
## **12. Acknowledgements Staff**
The Trustees thank the staff team for their dedication, resilience and unwavering commitment to children and families.
## **Trustees**
Special thanks to the Management Committee for their strategic leadership and voluntary contribution.
## **Funders**
We thank **London Borough of Tower Hamlets** for funding 2-, 3-year-old and working families childcare funding.
Page | 7
## **Stakeholders**
We thank:
- Parents and guardians
- Children
- Early years providers in Tower Hamlets
- Providence Row Housing Association
## **Small Company Exemptions**
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 applicable to small companies and with the Charities SORP (FRS 102).
## **Approval**
This report was approved by the Trustees on __20[th] January_2026 and signed on their behalf by:
## **Dolores Bray-Ash**
Director and Trustee
## **Tracy McCormack**
Director and Trustee
Page | 8
**Early Years Network Tower Hamlets Statement of Directors’/Trustees’ Responsibilities**
The trustees (who are also directors of the Early Years Network Tower Hamlets 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).
Company law requires the trustees to prepare financial statements for each financial year, which 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 the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in the Statement of Recommended Practice (SORP) for Charities;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that 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 and the Charities Act 2011. 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 trustees who are also the directors of the Company for the purposes of company law, are responsible for the preparation of the trustees report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page | 9
**Early Years Network Tower Hamlets**
## **Independent Examiners Report**
I report to the charity trustees on my examination of the financial statements of The Early Years Network Tower Hamlets 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity 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 financial statements 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**
As the charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements 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 financial statements to be reached.
Mauva Adams AAT
Ma’Leon Accountancy Services Limited 167-169 Great Portland Street 5[th] Floor, London W1W 5PF
20[th] January 2026
Page | 10
**Early Years Network Tower Hamlets Statement of Financial Activities**
## **for the year ended 31 March 2025**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Charitable activities
8
Other
9
**Total**
Net gains on investments
**Net income**
10
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
200
-
387,715
-
9,201
-
15,965
-|**Total funds**
**2025**
**£**
200
387,715
9,201
15,965|**Total funds**
**2024**
**£**
-
386,509
7,377
10,800|
|---|---|---|---|
||413,081
-
393,095
-
10,316
-|413,081
393,095
10,316|404,686
376,085
-|
||403,411
-
-
-|403,411
-|376,085
-|
||9,670
-
10,316
(10,316)|9,670
-|28,601
-|
||19,986
(10,316)|9,670|28,601|
||19,986
(10,316)
548,195
120,704|9,670
668,899|28,601
640,298|
||568,181
110,388|678,569|668,899|
Page | 11
**Early Years Network Tower Hamlets Balance Sheet**
## **at 31 March 2025**
|**Company No.**
**05384205**
**Notes**
**2025**
**£**
**Fixed assets**
Tangible assets
13
53,574
Investments
14
-
53,574
**Current assets**
Debtors
15
8,048
Investments
16
226,286
Cash at bank and in hand
617,219
851,553
**Creditors:**Amount falling due within one year
17
(226,558)
**Net current assets**
624,995
**Total assets less current liabilities**
678,569
**Net assets excluding pension asset or liability**
678,569
**Total net assets**
678,569
**The funds of the charity**
**Restricted funds**
Restricted income funds
18
110,388
**Unrestricted funds**
18
110,388
General funds
259,409
Designated funds
308,772
568,181
**Reserves**
18
**Total funds**
678,569|**2024**
**£**
63,890
-|
|---|---|
||63,890
24,642
217,085
628,084|
||869,811
(264,802)|
||605,009
668,899|
||668,899|
||668,899|
||120,704|
||120,704
239,423
308,772|
||548,195|
||668,899|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 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 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2025
Dolores Bray-Ash
Trustee 20[th] January 2026
Page | 12
**Early Years Network Tower Hamlets Notes to the Accounts**
**for the year ended 31 March 2025**
- 1 **Accounting policies**
## **Basis of preparation**
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) (effective 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.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page | 13
**Early Years Network Tower Hamlets Notes to the Accounts**
**Expenditure** Expenditure is recognised on an accruals basis. Expenditure includes any VAT Recognition of which cannot be fully recovered and is reported as part of the expenditure to expenditure which it relates. These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its activities Expenditure on and services in the furtherance of its objects, including the making of grants and charitable activities governance costs. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: 4 years.
Leased assets are amortised over the period of the lease using the 'sum of digits' method.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Trade and other 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 and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page | 14
**Early Years Network Tower Hamlets Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other 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 estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
Early Years Network is a private charitable company limited by guarantee and consequently does not have share capital.
The company meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability of each member in respect of their guarantee is limited to an amount not exceeding £1. The registered address is Weavers' Community Space, 15 Kelsey St, Bethnal Green, London E2 6HD.
Page | 15
**Early Years Network Tower Hamlets**
## **Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments**
**from:**
Charitable activities
Investments
Other
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**|**Unrestricted**
**funds**
**2024**
**£**
386,509
7,377
10,800
404,686
376,085
376,085
28,601
11,402
40,003
40,003
508,192
548,195
**Unrestricted**
**£**
200
200|**Restricted**
**funds**
**2024**
**£**
-
-
-
-
-
-
-
(11,402)
(11,402)
(11,402)
132,106
120,704
**Total**
**2025**
**£**
200
200|**Total funds**
**2024**
**£**
386,509
7,377
10,800|
|---|---|---|---|
||||404,686
376,085|
||||376,085|
||||28,601
-|
||||28,601|
||||28,601
640,298|
||||668,899|
||||**Total**
**2024**
**£**
-|
||||-|
Page | 16
**Early Years Network Tower Hamlets Notes to the Accounts**
## 5 **Income from charitable activities**
|Service Charges to
Playgroups
Nursery Fees & L.A Funding
Pre-School LA Funding
6 **Income from investments**
Interest Received
7 **Other income**
Sundry Income and
Donations
Other Grants
8 **Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Service Charges to
Playgroups
Nursery Fees & L.A Funding
Pre-School LA Funding
_Governance costs_|51,683
86,570
248,506
6,336
393,095
**Unrestricted**
**£**
14,750
266,951
106,014
387,715
**Unrestricted**
**£**
9,201
9,201
**Unrestricted**
**£**
15,000
965
15,965
**Unrestricted**
**£**|51,683
86,570
248,506
6,336
393,095
**Total**
**2025**
**£**
14,750
266,951
106,014
387,715
**Total**
**2025**
**£**
9,201
9,201
**Total**
**2025**
**£**
15,000
965
15,965
**Total**
**2025**
**£**|**Total**
**2024**
**£**
13,250
289,345
83,914|
|---|---|---|---|
||||386,509|
||||**Total**
**2024**
**£**
7,377|
||||7,377|
||||**Total**
**2024**
**£**
10,800
-|
||||10,800|
||||53,703
75,338
243,862
3,182
**Total**
**2024**
**£**|
||||376,085|
Page | 17
**Early Years Network Tower Hamlets Notes to the Accounts**
## 9 **Other expenditure**
|9|**Other expenditure**|||
|---|---|---|---|
|||**Unrestricted**
**Total**|**Total**|
|||**2025**|**2024**|
|||**£**
**£**|**£**|
||Amortisation, depreciation,|||
||impairment, profit/loss on|10,316
10,316|-|
||disposal of fixed assets|||
|||10,316
10,316|-|
|10|**Net income before transfers**|||
|||**2025**|**2024**|
||This is stated after charging:|**£**|**£**|
||Amortisation of intangible fixed assets|10,316|-|
||Auditors' remuneration|5,660|2,300|
|11|**Trustee remuneration and expenses**|||
|||**2025**|**2024**|
|||**Number**|**Number**|
||Number of trustees paid expenses|1|1|
||The nature of the reimbursed expenses|No directors/trustees or any person connected with them||
|||received remuneration in the year in respect of their||
|||services as directors/trustees (2024 £Nil). Travel expenses||
|||of £642 (2024 £869) were reimbursed to one (2023|one)|
|||director/trustee during the year. No directors/trustees, or||
|||any person connected to them or related to the charity,||
|||had any personal interest in any contract or transaction.||
|||(2023 None). Owing to the nature of EYNTH'S operations,||
|||as set out in the trustees 'report, and the composition of||
|||its' trustees, transactions may occur with local playgroups||
|||with which trustees have a connection. All such||
|||transactions are conducted at arm's length and in||
|||accordance with EYNTH'S normal procedures.||
## 12 **Staff costs**
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
|Representation,
Information & Development
Weavers Fields Community
Nursery
Weavers Fields Pre-School|**2025**
**Number**
1
8
4
13|**2024**
**Number**
1
8
2|
|---|---|---|
|||11|
Page | 18
**Early Years Network Tower Hamlets Notes to the Accounts**
## 13 **Tangible fixed assets**
|13 **Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost or revaluation**
At 1 April 2024
At 31 March 2025
**Depreciation and**
**impairment**
At 1 April 2024
Depreciation charge for the
year
At 31 March 2025
**Net book values**
At 31 March 2025
At 31 March 2024
**Net book values of assets**
**held under finance leases**
**and hire purchase**
**contracts and included**
**above**|**Weavers**
**Field**
**Pre-School**
**Costs**
**£**
180,535
180,535
126,963
53,572
63,888
116,647
10,316|**Office**
**Equipment**
**£**
29,551
29,551
29,550
1
1
29,550
-|**Computer**
**Equipment**
**£**
16,252
16,252
16,251
1
1
16,251
-|**Total**
**£**
226,338|
|||||226,338
162,448
10,316|
|||||172,764|
|||||
53,574|
|||||
63,890|
||||||
The company signed a lease in respect of its' premises at 15 Kelsey St on the 19th December 2005 for a period of 26 years. On the 5th of April 2016 the company signed a lease for a period of 20 years in respect of premises at Drapers City Foyer, Mape St, London E2. The amortised costs of the Preschool are set off against the Capital Reserve over the term of the lease on the sum of digits method.
## 14 **Investments**
## **Other investments**
Short term deposit with Nationwide Bank
|Market value of listed investments
15 **Debtors**
Trade debtors
Prepayments and accrued income||**2025**
**£**
226,286
**2025**
**£**
4,892
3,156
8,048||**2024**
**£**
217,085|
|---|---|---|---|---|
|||||
**2024**
**£**
21,486
3,156|
|||||24,642|
Page | 19
**Early Years Network Tower Hamlets Notes to the Accounts**
## 16 **Current asset investments**
|16**Current asset investments**|||||
|---|---|---|---|---|
|Unlisted investments
17**Creditors:**
amounts falling due within one year
Trade creditors
Other creditors
Accruals||**2025**
**£**
226,286
226,286
**2025**
**£**
156,605
62,564
7,389
226,558||**2024**
**£**
217,085|
|||||217,085|
|||||**2024**
**£**
196,016
64,758
4,028|
|||||264,802|
Page | 20
**Early Years Network Tower Hamlets Notes to the Accounts**
## 18 **Movement in funds**
|**Restricted funds:**
**Restricted income funds:**
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Staff Contingency Fund
Financial Services Support
Cash Flow Fund
Nursery Cash
Flow/Contingency Fund
Weavers Pre-School
Development Fund
Training Course
Development Fund
Office furniture and
Equipment Fund
Premises Development &
Maintenance Fund
Health & Safety/Quality
Assurance
_Total_
**Total funds**|**At 1 April**
**2024**
120,704
120,704
239,423
98,222
30,000
20,000
25,977
65,086
20,000
42,487
7,000
308,772
668,899|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
413,081
-
-
-
-
-
-
-
-
-
413,081|**Resources**
**expended**
**£**
-
-
(403,411)
-
-
-
-
-
-
-
-
-
(403,411)|**Gross**
**transfers**
**£**
(10,316)
(10,316)
10,316
-
-
-
-
-
-
-
-
-
-|**At 31**
**March**
**2025**
**£**
110,388|
|---|---|---|---|---|---|
||||||110,388|
||||||259,409
98,222
30,000
20,000
25,977
65,086
20,000
42,487
7,000|
||||||308,772|
|||||||
||||||678,569|
Purposes and restrictions in relation to the funds: Designated funds:
Staff Contingency Fund
Financial Services Support Cash Flow Fund
Nursery Cash Flow/Contingency Fund
This fund is to cover liabilities arising from contracts of employment with staff and the potential cost of cover for staff redundancies, staff on maternity leave, paternity leave, sick leave and compassionate leave
This fund is to support the cash flow problems arising from late payments of grants; and to provide an element of continuity of service in the event of any loss of funding
This fund provides cash flow cover for the community nursery
Page | 21
**Early Years Network Tower Hamlets Notes to the Accounts**
As part of commitment to the Early Learning for Two Year Olds Capital Weavers Pre-School Funding agreement, this fund will facilitate the development of the Development Fund Weavers Fields pre-school and support the cash flow This fund is to support the set up of childcare Training Course and to Training Course support cash flow issues Development Fund This fund is to cover the cost of new computers and other new office Office furniture and equipment, furnishings Equipment Fund This provides for the cyclical internal/external refurbishment and Premises Development & development of the premises Maintenance Fund This fund is to cover the cost of improvements to health and safety Health & Safety/Quality practice and to fund the further development of quality assurance in Assurance service provision
## 19 **Analysis of net assets between funds**
|Fixed assets
Net current assets||**Unrestricted**
**funds**
**£**
2
621,839
621,841||**Restricted**
**funds**
**£**
53,572
3,156
56,728|**Total**
**£**
53,574
624,995|
|---|---|---|---|---|---|
||||||678,569|
## 20 **Contingent Assets/Liabilities**
Under the terms of the charity's lease of it's premises, a sinking fund is being established from payments made by the charity to the Landlord, amounting to £2,835 per annum over the term of the lease. This sinking fund is to be used by the Landlord to meet
the Landlord's repair obligations outlined in the lease. In the event of the Landlord's repair obligations under the lease being in excess of the sinking fund, the charity can, under the terms of the lease, be called on to fund any shortfall.
## 21 **Reconciliation of net debt**
|Cash and cash equivalents
Net debt
**Commitments**
**_Other commitments_**
Capital commitments contracted for at
the end of the financial year for which no
provision has been made:||**At 1 April**
**2024**
**£**
628,084
628,084
628,084
**2025**
**£**
3,009|**Cash flows**
**£**
(10,865)
(10,865)
(10,865)||**At 31**
**March**
**2025**
**£**
617,219|
|---|---|---|---|---|---|
||||||617,219|
||||||617,219|
||||||**2024**
**£**
3,009|
## 22 **Commitments**
## _**Lease commitments**_
Annual commitments under non-cancellable operating leases are as follows:
Page | 22
**Early Years Network Tower Hamlets Notes to the Accounts**
|**y Years Network Tower Hamlets**
**es to the Accounts**||||||||
|---|---|---|---|---|---|---|---|
|Operating leases with expiry date:
Within one year
In the second to fifth years inclusive
Over five years||**2025**
**Land and**
**buildings**
**£**
15,000
60,000
105,000
180,000||**2025**
**Other**
**£**
-
-
-
-||**2024**
**Land and**
**buildings**
**£**
15,000
60,000
120,000
195,000|**2024**
**Other**
**£**
-
-
-|
||||||||-|
## 23 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page | 23