Company regisirdtion numb¢r: 5769390 Charity registration number.. 1116891 Shadwell Childcare Limited (A company limited by guarnnt¢e) Annual Report and Financial staternts for the Year Ended 31 August 2024 Fullertons Limited Chartered Certified Accountants Mancb¢ster House 50A Oxford Road Guis¢ley Leeds LS20 8AB
Shadwell Chfildcare Limited Contents Reference and Administrative Detsils Tntstees, Report 2to5 Statemcnl of Truste¢s' Responsibilities Ind¢p¢ndent Examinerfs R¢port 7t08 Statement ol'FinancAal Activities Balance Sheet 10 Statement ol'cash Flows Notes to the Financial Sthtements 12to 18
Shadwell Childcare Limited Reference and Administratlve Details Trustees Sarah J8nc ColtmBn Valcric Wilson Susan Morgan Carolyn E Senlor Management / Leadenhlp Paula Wilson, Childcare Manager Tevdm Charlty ReRistrAtion Iyumber 1116891 Company Reglitratlon Number 5769390 The elwrity is inrorpornted in England. Shadwell Prinwy School Main Str¢¢t Shadwell Leeds LS17 8JF Reglstered Offl¢e Aceoulltants Fullertons Limited Chartered CcrtÉfied AccouDtBnts MAn¢hestcr Housc 50A Oxtord Road Guiseley L¢ed$ LS20 8AB Page I
Shadweu Chlldcare Llmlted Trustees, Report The trustees. who are dir¢clors for the purposes of cornpwy law. present the annu81 report together with the finanLial stal£m¢nts of the charioble company for the year ended 31 August 2024. Objectlves and actlvldes Objects und aims To enhancc thc d¢velopment and education of children up to the 8gc of I I by providing appropriate play.education and car¥ facilities ensuring that OppOrnitieS are offcrcd lo all children whatever their rac¢. ¢uilure, rcligion. mcans OT ability. Objeclives. Jlrdresles and aetivilles Public benefii Our acliviiics to rther public bencfit include lookin8 after thc edtIOn and well-being of children up to the a8e of I I regardles% of g¢ndcr. rncc, religion or financial means. Thc trust¢cs confirni that they hthve complkcd with th¢ requiremcnts of section 17 of ihe ChAriti¢s Act 2011 to have due r¢gard to thc public benefit Euidlln¢c published by the Chlty Commission for England aud Walcs. Page 2
Shadwell Childcare Limlted Trustees, Report . Achievements and performance Key non-fittancialperfor•Manc¢ Indicators Buildings: The Sunflower Room was closed on 5 Scpkmber 2023 &8 a result of RAAC being discovered in the roof spa¢e. Wilh thc agrc¢ment of OFSTED the children were reloCad to Shadweu Villa8¢ HAII whilst Lceds City Council (LCC) completed the necessary works to Tnake the building safe. Ther¢ was a financial cost to remaining op¢n in this period, however staff were extraordinarily committed durin8 thi5 time and ¢nsured thai the children and f&nLili¢s fcli minimal impact. The lease on the Sunflower Room is duc for rcnewal, unfortunately li has been very difficult to contsci the relevant people within LCC and de8PAte a rAse worker bein8 8llo¢ated there 8Te still sigNficani delays. Shadw¢ll Primary School govtyrnors have confirmed LCC that they wish to renew the Icase with us And we will continue to press LCC for progrcss. Children, We arc pleased to r¢port tha¢ both nursery roon are at full capacity. Wc hav¢ ¢ontinu¢d ro 6¢¢ an incrcas¢ in th¢ numb¢r of children requiring support for SEND and SLT and possibl¢ langua8e dclays across all ages. This has led to a si8t)ificant increase in the workload for thc SENCO to assesb und process paperwork to support childrcn as they arrive with little or no previous infonnation or support data. Wc liave on¢ child remaining in nursery after b¢ing dcf¢rr¢d in cl)ronolo8ical age with the local autlioritys agTLemenl. 'fhe support for thcse children has be¢n a key focus of the setting to cnsurc all neccssary resources and agvnui¢s df¥ in place as qulckly pos5ibl¢ for cach Child. Famili¢s have been supported on an individu81 basis throughout the process and relevant training given to staff to 8UPPOrt the childr¢n. IL h48 been Agreed with the govcrnors of Shlldwell Primary School that from S¥ptcmbcr 2024. we will prioritise Nursery and Rcccption children at ow Breakfast Club and Out of School Club. Th¢ school will providc wraparound scrvicc to children in Year l and above. This is to cnsure there are enough place5 LO me¢i the dernaad in nursery and school. Pag¢ 3
Shadwell Chlldcare Llmlted Trustees, Report stsff.. Staff trainin&F covering essential topics such as s&f¢gu2rding refresher training. GDPR, PF& Food and Hygiene and Health and %&fety was held BS required. A r¢cent GDPR audit vths su¢cessfully conducted and the s¢tting met the neccssary stundards. Five staff memb¢rs have COTnpl¢t¢d their Early Y¢ar5 Professional Development Programmc {EYPDP), M,hich is a fJFE recogniscd qualification for experienced practitioner5 in our field. Additionally we offcr¢d onliiic and in person training on Autism Awareness and Supporting Austisin in Early Y¢8rs to meet the growing needs in this 8r¢a. This also allows slaff to support their key children with any regular one to on¢ sessions. We wcre deli¥htcd that our apprentice successfully completed her qu81ifi¢atioD at the ¢nd of 2023 and is now working full tim¢ As a Icvcl 2 cl)ild¢are workcr. A n¢w apprentice started in Septcmber 2CJ23 with her placement set to concludc in April 2025. Tu enhance stsff well being # separale staff room is being built to provide comfortable space for Ivn¢hes. breaks. meLtin85 wilh parents, PPA time and staff assessmenis. The 5tafftoom pod constTuclion began in August 2024 and vms cxpecteil to open in S¢ptcmber 2024. Staff also continue to rcccivc ac¢e56 to a wellbeing advice programm¢ ond accLSS to PPA Lime within working hours. Fln*ncl•l revlew From April "1024 all eligible 2 year olds wtll bc entitled to r¢ceive up to the equivalent of15 hours of funded child care per week durin8 terni time. With the ¢xception of 3 families all the others will be eligible for this fimding. ThcrL' have bccn conccrns'report¢d across thc sector and in the national media regarding the gap b¢tween funding and aclual Cost. in ¢ff¢¢t nurseries and cl)ildcare providers will lose monLy for euLh fundLd plaLC and th¢re arc restrictions oil the extra services that can be rechar8ed. As a charity Shadwcll Childcllrc believe that the shortfall is manAgcable. although wc rcco8nise that private businesses will stru881¢ and many scttings will ¢los¢. Despite this we will facilitate the Governmtht offer of 30 Iwurs per week of childcare all a8¢s from S¢ptemb¢r 2025. Financially this Dew system will be hard¢r lo mage as there is no cap on the number of 5CS8ions or farniles that C8n attend using these funded places. Policy on r¢.gerves Thc trusiccs observed that th¢ d¢cision mad¢ in pr¢vious ycars to build 8 conting¢nw fid of ov¢r £150,000 or dt least threc months twming costs, in line with Charity Commission guidance has stood us in good stead. Tru8teei and offlcers Tbe'truslccs and officm scrving during the year 8nd since th¢ year cnd were as follovts: Trnstee%'. Sarah Jane Coltrn&n Valerie Wilson 'Susan Morg Carolyn Eyr¢ Senior ManRg¢ment I t£adeTthip T¢am: Paula Wilson. Childcarc Manager Page 4
Shadwell Childcare Limited Trustees, Report Strndure? governAnce And management Nathre ofgoverninx documenl Th¢ governing document is the memorandum and articles of association dated 20 March 2018 and lodged with Companies House RecrMi*m¢nt and 4ppoiHtment oftruslees Thcrc are currently four trusiL'cs. We are Gonscious of thc nccd to bc divcrsc and to rcfl¢ct th¢ communitics ol" our beneficiaries. A pemLqn¢nt advertiscmcnt for new tnt¢c$ 18 displayed An parcnt areas and on our w¢bsi¢e and we will continue to actively look to recruit fither truste¢s. Arranxementsfor settlnx key max4g¢m¢Miptrsonnel remunepallo Key managcmcni personnel is comprised of Ms P Wi180n whose r¢mun¢ration ts agreed by the ttees. Flninelal instrument$ Objecrlv¢s andpollcies The charity's activities expose it to a number of financial risks including credit risk, cash flow risk 8nd liquithty nsk, Credli rlsk The charity's principal financiAI as8ets 8rc b&nk balanc¢8 and C, tradc and other receivabl¢s. Liqmidlty k In order to maintain liquidity to ¢118ure thAI Sulficient funds &vMilabl¢ foT ongoin8 operntions and IlJtur¢ d¢vclopmcnts. the churity maintaitis a deposit accouut. Further details regardin8 liquidity risk can be found in the Staiem¢nt of accounting policies in the fJnanLial Slatem¢nts. The ann I r¢port was approved by the truste¢s of th¢ charity on 8 May 2025 and signcd on its belialf by.. Carolyn Eyre Tru8t¢¢ P8ge 5
Shadwell Chlldcare Limited Statement of Trustees, Responslbllltles The trustee4 (0 are Also the directots of Shadwcll Childcare Limltcd for the purposes of company law) are responsible for preparing the trusiees, report 8nd the financial stat¢ments in accordance with applicable law and United Kingdom Accounting Sland&rds (United Kingdom Gcnerally Accepted Accounting Practice), including FRS 102 "The Fiiiancial Reporting Standard applicable in the UK and R¢public oftreland.. Company law requir¢$ the trust¢cs to pr¢parc financial statcmcnts for cach financial year. Under company law the tru8tces musl not appmve the financial statements unless they are satisficd that they &vivc a tNe and fair view of the statL' of affairs of the charilablc company and of the incoming resources and application of resources. including its iticomc and Lxpenditure, of the charitablc compally for that period. In prcparing these flnancial statements. the tNstccs arc r¢quircd to.. selcct suitable a¢¢ounting policies and apply them consi8t¢ntly; observe Ihe rn¢thods and principle5 in the Charities SORP. makc judgements and estimatcs that are ronable and pnjdent. stat¢ whcthcr applicable accounting slandard5, comprising FRS 102 h8ve been followed, subject to any DterIal d¢parturc&+ disclo8ed and explained in the financial 8thm¢nts; and preparc the finllncial statcmcnL% on the going ¢on¢ern basis unl¢ss it 1$ inappropriAte to pr¢sume that thc hurilahlL company will continuc in busines5. The trustees are responsible for kccping propcr accounting records that can disclose with reA80nabl¢ accurncy at any timc ihc financi81 position of th¥ charitable company and enable them ¢0 ensurc that tlie f&¢11 statements comply with thc Coinpanicb Act 2006. They are also rcspon8ibl¢ for safeguardin¥ the &sseLs of th¢ charitsble company and hencc for takin8 re&8onable steps for Ihc prcvcntion and detection of fraud and other irrcgularities. The tteeS 8Te responsible for the maintenance and tntegrtty of thc corporate And financial information includcd on the charitablc compang5 websit¢. L¢gisl&tion governing thc prcparation and dissemination of funcial Statennts may differ from legislation in oth¢r jurisdiction5. Approved bv the truslces of the cbarity on 8 May 2025 and signed on its bchalf by,. CArolyn EyTe Trustce Page 6
Shadwell Childcare Limited Independent Examiner's Report to the trustees of Shadwell Childcare Limited ('the Company,) I report to th¢ charity trus*es on my examination of the accounts of th¢ Company for th¢ year ended 31 August 2024. ReJpoD$lbllldes and basla of report As the charity's trustccs of the Company (and a180 irs directors for the purposes of company law) you ar¢ responsibl¢ for the preparation of the accounts in a¢¢ord8Dce with the requircments of Ihc Compllnics Act 2006 {"Lh¢ 2006 Act,). Having 5atisficd rnysclf that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for ind¢p¢nd¢nt examination. I report in rcspcct of my examination of your ch8rity'5 accounts as ¢&rried out undcr s¢rtion 145 of the Chariti¢s Act 2011 ('the 2011 Act,). In carrying out Tny examination I have follow¢d th¢ Dir¢¢tions 8ivcn by the Chariry Commission und¢r wtion 145(5)(b) of the 2011 Art. Independent ¢XAnthior'1 8tat¢ment SinGc the Cornpany's gr05s income exceeded £250.000 your exanfjner must be i mcrnber of a body Iisicd in section 145 of the 2011 Act. I cont-m thal l am qualificd to undertake the ex&niination because l am a member of A&sociation of ChArtercd Certifi¢d Accounrants, which is one of the listed both'cs. I have completed my examinalion. I confimi that matters have ¢om¢ to my Ritention in conncction with the examination 8iving m¢ Cause lo believe.. a¢counting records were not kept in respect of Shadwell Childcare Limited as required by section .386 01. the 2006 A¢L or 2. the accounts do no( accord with those r¢¢ords; or 3. the accounts do not comply with the a¢countin8 rcquircments of section 396 of th¢ 2006 Act other than any r¢quircmcnt that the counts giv¢ a 'true and fair view which 18 not a matter considcrcd 8¥ part ot. 8n indcpcndent examination. or 4. the accouDts have not been prepared in aecordance with th¢ mcthod5 and principles of the Statcmcnl of Recommended PracLic¢ for accounting and reporting by chariti¢s [applicabl¢ to charitics preparin¥ their accounts in Accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)]. I havc no concerns and have comc acro&8 no other matters in connection with the examination to which Attention should b¢ dravm in this report in order to enable a proper understanding of the a¢counts to be reached. Page 7
Sh2dwell Chlldcare Limited Independent Examiner's Report to the trustees of Shadwell Chlldcare Llmlted ('the Company,) Graham Anthony Elliott FCCA Chartered CLYtifi¢d Accountants A880ciarion of Chartered Certified Accountants Manchester House 50A Oxford Road Guisel¢y Leed5 LS2118AB May 2025 Pag¢ 8
Shadwell Chlldcare Llmlted Statement of Financial Activities for the Year Ended 31 August 2024 (Jncludlng Income and Expenditure Account and StAtement of Total Recognlsed Galns And Losses) Unrestrieted funds Total 2024 "Note Ineome and EDdoivments from: Charitable activities Investment income Other in¢om¢ 635.560 2.350 136 635.560 2,350 136 Total Itime 638,046 638,046 Expenditure on: Charitabl¢ activities (607.139) (607,139 To1 expenditure (607,139) 1607,139) Net income 30,907 30.907 Nei movement in fimds 30,907 30.907 Reconelllatlon of fund8 Total fimds brought forward 232.246 232.246 Total funds carri¢d forward 14 263,153 UDregtrieted funds 263,153 TotAI 2023 Note Income 40d Endowments from: Clwitable activities Inve51mcnt income 557,841 720 557,841 720 Total in¢om¢ 558,561 558,561 Exp¢mdlture on: Charitable activities (586,496) 586.496) Totsl expenditure 586.496) (586.496) Net expenditur¢ 27.9351 27.935) Net movement in funds (27,935) (27,935) Reeonclllatlon of funds Total fimds brought forward Total funds carried forward 260,181 260,181 14 232,246 232,246 All of the charity's 8ctiviti¢s d¢rive from continuing 1)P¢rnUons durin8 the Above two pcriods. The notes on pages 12 to 18 forni In integrnl part of these finanLial ststements. Page 9
Shadwell Chlldcare Limited (Reglstratlon number: 5769390) Balance Sheet as at 31 August 2024 2024 2023 Note Fixed assets Tangibl¢ a85¢ts io 13,484 24,157 Current 98seti Debtors Cash at bank and in hand 956 283,486 715 221,897 222,612 12 284.442 Credltors: Amounts falllng du¢ wlthln one yeAr Net current 13 34.773 14,523 249,669 208,089 Nel Asleti 263,153 232,246 Funds of the ¢hirlty: Unrestrlettd In¢orne fuDds Unrcstrictcd tidS 263,153 232,246 Tolal fundi 14 263,153 232,246 For the finwicial year ending 31 August 2024 the charity was entitled io ¢xcmption from audit wider section 477 of the Companies Act 2006 relating to small compAniei, DirectOTS' responsibilitics,. meinbers havc not requircd the charity ¢0 obtain an audit of its account8 for the year in question in accordance with 6¢¢tion 476. and Thc dir¢cior$ a¢knowlcd8L their responsibilitics for ¢omplyirtg with the r¢quirements of the Act with respect to Rccounting rccords and lh¢ pr¢paration of accounts. These financial statem¢nts have bcen prepared in acLordance with the special provisions relating to companies subject to the SJJJAII companies r¢8ime within Part l 5 of thc Companies Act 2006. Thc finAnciiil 51aiem¢nts on'pages 9 to 18 were approv¢d by the trSt¢eS, and authorised for issue on 8 May 2025 and si ed i)n th¢ir bchalf by: Caro Trust¢c The notes on pages 12 to 18 forni an integral part of these financial statements. Pagc 10
Shadwell Childcare Limited StAtement of Cash Flows for the Year Ended 31 August 2024 2024 2023 Note Cash flow5 from operntlng aedvltles N¢t cash income/(expenditure) 30,907 (27,935) Adjustments to casb flows from Doll-caih iteu Deprlati0ll Investment income 30,615 (2.350) 59,172 32.343 (720 3.688 Working ¢2pltal adJu$tments In¢r¢as¢ in debtors Increa5e/(decrease) in creditors (241) 20,250 (715) {11.018 13 Net C&8h flows from operatipg activities 79,181 (8,045) Cash flovls from illvestlng aetivities Interest receivable and similar income Purchase of tangible fixed assets ?.350 (19.942) 720 {25,760 io Nct cash flows from investing activities (17,i92) (25,040) Net incrcasel(decreasc) ill cash and ca8h equivalents Casb and cash equivalents at I September Cash and cash equival¢nts at 31 August 61,589 (33.085) 221,897 254,981 283,486 221.896 Reeonclll8tioD of net CS8h flow to movement in net funds In¢r¢asel(decrease) in cash 61,589 {33.084) Net furth at I September 2023 Net funds at 31 August 2024 221,897 254.981 283.486 221.897 All of the cash flows are deriv¢d from continuing operations during the abov¢ two periods. The notes on pag¢5 12 to 18 fonrA aD knt¢8rn1 part of th¢s¢ financial statements. Pegell
Shadwell Chlldcare Llmlted Notes to the Flnancial Statements for the Year Ended 31 August 2024 I Charfjty &tAtus T]ie charily Is limited by guarantcc, incorporatcd in England, ftnd consequently docs not have share Capi1. Each of the trugt¢e.4 is Itable to contribute an amounl not exc¢cding £10 towards the assets of lhe charity in th¢ cv¢nl of liquidation. The address of its r¢gistered office is.. Shodwcll Primary SCI0] Mwn Stro¢t Shadwcll LS17 8JF The5¢ financial statem¢nts were authoris¢d for issue by the tru8tees on 8 May 2025. 2 Aeeountlng pollclei Summary of signlfie4nt aecountlns pollcies and key Ac¢ountlnR esdmat¢8 Tlic principal accounting policies opplied in thL prcparntion of thesc financial statements ve set out below. These policies hHv(: been consisi¢ntly Bpplied to all the years presented, unles8 0(h¢rwÉ8e stllied. Statement of eompliAnce The financi81 statements have been prcpared in accordance with Accounting and Rcportlng by Ch8rities'. Statement of Rc¢ommendcd Practice lapplicablc to charities preparing their accounts in accordance with thc Financial Reporting Srandard 8pplicablc in ¢h¢ UK and R¢publi¢ of Ireland (F'RS 102)) (issued in October 2019) - (CkJaritie5 SORP I FRS 102)). the Financial Reporting Standard applicable in thc UK and Republic of Ireland {FRS 102) and th¢ Companies Act 2006. BalN of prep8rtlo Shadwell Cliildc&rc Limtied meets the dcfinition of a public bcncfit cniity under FRS 102. Assets and liabilitirs 8 inilially rcci)gni8cd at htslorical c05t or transaction value wile5S Othcrwise ststcd in the rel¢v8nl &ccounting policy notes. Coln8 coneern The financial statements have been prepar¢d on a going concern basi8. The ttustees asse8s whether the use of going con¢¢rn is appropriate i.e, whether ther¢ aff any material uncertainties rclatcd to events or condition8 thkt may cast sigttificAnt doubt on the ability of the charity to continue as a going conccrn. Thc tnLStces mdke this assessment in respect of a period of onc year from the date of approval of the financial siatL'men¢s. Pagc 12
Sbadwell Childcare Limited Notes to the Financlal Statement5 for the Year Ended 31 August 2024 Incoming resourtes All incoming resources are included in the Statement of Finaticial A¢riviti¢s (SOFA) when the charity is legally entitled to th¢ income. Income consists of fees receivable for child carc ¢ither by way of council fiding, child L&Te vouchcrs or private individuals and is included in fidl in the SOFA when receivable. Inv¢s¢ment incom¢ by way of bank interest on cash d¢posits is in¢lud¢d wh¢n r¢¢eiv&ble. ExpeDdlture All expenditure is recognised once th¢re is a le8al or constructive obligation lo that expenditur¢, it is probabl¢ scttIcnwDt is required and the amount can be measured r¢liably. All costs are allocated 10 thc applicable ¢xpcndiiure heading that aggregat¢ similar costs to tbat category. Where costs ¢JDnot be directly attribui¢d to particular hcadings they have been allocated on a basis consisc¢ni wilh thc 8¢ of resourc¢s. with ¢¢ntrat staff costs allo¢at¢d on the basis of time speol and deprcciation chargcs allocated oa thc portion of the asset's use. Other support costs are allocaÈed based on the spread of staff Costs. Charlthble acthjiiles Charitsble expenditswe comprises those costs incurred by the charity fn the delivery of its a¢tivititts and s¢ryic¢s for its beneficiaries. It includes both costs th81 can be allocated directly to such activities and those Gosts of an indirect nath ncc¢s8ary to support them. Support costs Support costs include central fun¢tions and have been allocated to activity ¢OSt categories on a basis consist[ with thd use of resources. for example. allocating propety costs by floor areas, or per capiw stsff costs by the timc spent and other costs by their usage. Governxnce colts These include th¢ costs attributable to the charity's compliance constitutional and Statutory requirements, including audic stratcgic manag¥emenl and tsustees meetings alld reimbursed expenses. Taxation The charity is ¢onsid¢red to pass the tests set out in Paraaph I Schedule 6 of tbc Finance Act 201 O and therefore it meets the defmition of a charitsbl¢ company for UK corporaiion tax purposes. Accordingly, the Charity is potentially ex¢mpt from t&Tation in resp¢cl of income or capital gains received within Gategorics covered by Chapter 3 Part I I of the Corporntion Tax Act 2010 or Section 256 of the Taxation of Charg¢able Gains Act 1992. to the ext¢ni that such income or gaS 8re applied exclusively to charitsble purposes. Tangible rued 2$5et5 Individual fixed assets costing £100.00 or more are initiauy recorded at eosL less any subsequent accumulated dcpreciation and subscqueDt accumulated injpalmit losses. Depreciation 8Dd an)ortl$xtAon Depreciation is provided on tangible fixed asseL8 so as to write off the cost or valuqtion, less any estimated residual value, over their expected useful e¢onomic life as follows.. Page 13
Shadwell Childcare Lindted Notes to the Financial Statements for the Year Ended 31 August 2024 Asset class Furniture and equipment Improvemenls to l¢as¢hold property Depretlatlon method and rate 250/0 on net book value 20D/D on initial cost Trade debtorn Trade debtors are wnounts due from customcrs for mcrchandise sold or s¢rvices pcrfornied in the ordinary cowse of busines5, Trad¢ debtors ar¢ recogniscd initially at th¢ transaction price. Th¢y are subsequently measured at amortised cost ustng tlic cfleclive interest mcthod, less provision for impairnieni. A provision for th¢ impairnTht of tradc debtors 18 %lllblishcd when there 1$ objLctiv¢ cvidencc that the ¢barity will not bc able to collccl all 8mount5 due #ccordin8 thc original ILM of the rc¢¢ivablcs. Cash and cush equlvAlents Cash &nd cash equivalcnts comprisc cash on hand and call d¢posits. and other short-terni highly liquid investments th&1 arc rcadily ¢onvertible io a known amount ofcash and Arc subj¢ct to an in8i8nificllni risk of change in valuc. Fund %truetiire UnrcstriclL'd income ndS are gencral funds that 8re available for usc at the truste¢s discretion in furtherance of the objcctivcs ol.the chArity. Pensloni and other post rettrement obligatlolls The ¢httrity i)PCrntes a defined contribution pcnston scheme whi¢h is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay fiffther contribuuons ev¢n if IhL fund does noi hold sufficient asse(s to Pay all employ¢¢s the benefits relating to employ¢¢ service in the current and i)rior periods. Contributions to dcfincd contribution plans are recognised in the Statement of Financlal Activities when they are du¢. If Gontribuuon paymenis excecd the contribution due for servicc. the exce55 is r¢co¥nised as a prcpaymont. 3 ID¢ome from eharltxble aetlvltles Unrejtrlcted fund8 General Total funds Child¢arc provision 635,560 635,560 Total for 21124 635,560 635,560 Total for 2(123 557,841 557.841 Pagc 14
Shadwell Childcare Limited Notes to the Financial Statements for the Year Ended 31 August 2024 4 Investment Income Unrestricted fund5 Genernl Total funds Interest receivable and Similar income. Infest receivabl¢ on bank deposits 2.350 2,-350 Total for 2024 2,350 2.350 Total for 2023 720 720 S Expenditure on eharltable activities Unrestricted funds General Total 2024 TotY41 2023 Note Childcarc provision DeprcGiation. emortisation and other Similar Costs 54,567 54,567 52,893 30,615 431,632 82,128 8.197 30.615 431.632 82.128 8,197 607.139 32,342 410.472 80.532 10.257 Staff costs Allocated support costs Govcrnance'c08ts 607.139 586.496 Total expenditure 6 Net In¢omlngloutgoin2 rejourees Net in¢omingJ(outgoing) resour¢¢s for the year include.. 2024 2023 Deprcciation of fixed assets 30.615 32.342 7 Staff eo8t$ The a8wgate payroll costs were as follows: Page 15
Shadwell Childcare Limited Notes to the Flnancial Statements for the Year Ended 31 August 2024 2024 2023 Staff eosts durlnE the yeAr were: Wa8es and .salaries P¢nsion costs. Other staff costs 397,404 27,153 7,075 375.820 21,519 13,133 431,632 410,472 No employce received emolumeots of more than £60,000 during the year. 8 Independent examlner'5 remyneratlOD 2024 2023 Examinatson of tbe fujancial statemcnts 1.575 1.5CK) Page 16
Shadwell Childcare Limited Notes to the FinanciAI Statements for the Year Ended 31 August 2024 9 Taxadon Thc charity is a registrred charity and is thtfOr¢ exempt from taxation. 10 TAnglble rued assets Land and bullding8 Furnlture and equhpmeDt Totsl Cost At I S¢pt¢mbcr 2023 Additions 139,311 15,400 25,690 4.542 165,001 19,942 Ai 31 August 2024 154,711 30.232 184,943 Depreelatlon At I September 2023 Charge for the year 128,590 26,120 12,254 4,495 140.844 30,615 At 31 August 2024 Net book valu¢ 154,710 16,749 171,459 At 31 Au8us(2024 13,483 13,484 At 31 August 2023 10,721 13,436 24.157 InGlud¢d within th¢ net book value of land and buildings above 18 £Nil (2023 - £Nil) ID rcspecL of freehold land und buildin85 and £1 (2023 - £10,721) in r¢6pect of le&8cholds. I l Debtors 2024 2023 Prepajinents 956 715 12 Ca8b And casb ¢quivalents 2024 2023 Cash At bank 283,486 221.897 13 Credltors: amounti falllng due wlthln one year Pagc 17
Shadwell Cbildcare Limited Notes to the FlnAnclal Stalement8 for the Year Ended 31 August 2024 2024 2023 Other creditors Accruals 32,273 2,5QO 11.657 2,866 34,773 14,523 14 Fund Balance at I September 2023 Jncomlng re80urceJ Re8ourcei ¢xpended BalAnce at 31 Auguit 2024 Unrestrleted fund8 General 232.246 638,(M6 607.139 263.153 Balonce it I September 2022 Incomlni re8our¢e$' Resource• expended Balan¢e at 31 Au%u8t 2023 Unregtrlcted funds General 260,181 558 561 586.496 232.246 15 AnglyJlN of net aJset$ betweeD fundi Unrestrl¢t¢d funds General Total funds at 31 AuRu8t 2024 I'angible fixed assets C'.urrcnt ass(:ts c.urrent liabilities 13.484 284,442 34,773) 263.153 13,484 284,442 34,773) 263.153 Total net ass¢ts Unrestrl¢ted funds General TotAI fundi at 31 August 2023 Tangible fixed assets Curreni gSS¥ts Current Ilabilities 24.157 222,612 14,523 24,157 222,612 14,523 Total nei assets 232.246 232,246 Page 18
Shadwell Childcare Limited Detailed Statement of Flnanclal Activltles for the Year Ended 31 August 2024 Total 2024 Total. 2023 Income and Endowments from: Charitablo 8ctiviti¢s (analysed below) Inv¢stm¢nt income (analysed bclow) Other income {analyscd below) 635.560 2,350 136 557.841 720 Total incom¢ 638,046 558.561 Expendlture on: Charitable activities (anAlysed below) (6Q7.139) 586.496 Total cxpcnditur¢ NM in¢om¢ll¢xpcnditure) (607.139) (586.49 30,907 {27,935 Net movement in fun(ts 30.907 (27,935) Reeonclllatlon of funds Total fimds brought forward Total funds carricd forwBrd 232,246 260,181 263.153 232.246 This page does not forni part of the sthwtory fuwi¢iaI stalemeDts. Page 19
Sbadwell Childcare Limited D¢.tailed Statement of Flnancial Activltles for the Year Ended 31 August 2024 TotAI 2024 Total 2023 Chorlthble uc¢ivities F¢e6 And suppli¢8 635,560 557,841 635,560 557.841 Inveslménl Inconie IDtLfcsi on cash deposi18 2,350 720 2,350 720 Other incom¢ OthLr income 136 136 Ch4rit4bk o¢livi¢i Diwct costs Stshool mcals Wagc.4 and salarics Si8ff pcnsions (Defined contribution) S&if irdininii and rccrnitm¢nt Statl" wclfar¢ R¢nt Rates Light, heat Ind power Insurance Repairs and mainten8llce Telephone and intcrnet Computcr si)ftwllr¢ and maintenance costs Pnnting, poscag¢ and statsonery Tr8dL' subi4¢riplions Hirc of eguipmenl (Op¢ratin8 Ica6es) Sundry expLn5es Cleaning Advertising Depreciation of short leasehold property improvements Depreciatiort of fixtLwes and fittings Accountsncy fees Lcgal and prof¢5sional fees Bank chargcs 29,757 24,810 397,404 27,153 4,637 2,438 41.995 600 2,500 1249 2,957 3.798 6.583 3,645 108 347 671 31,257 21,636 375.820 21.519 11,281 1,852 32.850 300 3.606 l.191 8,481 3.209 6,965 3,120 275 396 2,171 16.SIA 1.450 27.864 4,478 1,500 8,642 115 850 26,120 4,495 1,575 6,507 115 607,139 This page docs not forni part of the statutory financial statcJnenL4. Page 20 (586.496