Company regisirdtion numb¢r: 5769390
Charity registration number.. 1116891
Shadwell Childcare Limited
(A company limited by guarnnt¢e)
Annual Report and Financial statern￿ts
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 OppOr￿nitieS 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 ed￿￿tIOn 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 Ch￿lty 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 reloCa￿d 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 m￿age 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 fi￿d 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 tn￿t¢c$ 18 displayed An parcnt areas and on our w¢bsi¢e and we
will continue to actively look to recruit fi￿ther 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 t￿￿tees.
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 r￿onable and pnjdent.
stat¢ whcthcr applicable accounting slandard5, comprising FRS 102 h8ve been followed, subject to any D￿terIal
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￿&￿¢1￿1 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 t￿￿teeS 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 fu￿ncial Staten￿nts
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 Iti￿me
638,046
638,046
Expenditure on:
Charitabl¢ activities
(607.139)
(607,139
To￿1 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 ti￿dS
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 tr￿St¢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
Depr￿lati0ll
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 Capi￿1. 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 SCI￿0]
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.
Ba*lN of prep8r*tlo
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 fi￿ding, 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 Para￿aph 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 ga￿S 8re applied exclusively to charitsble purposes.
Tangible rued 2$5et5
Individual fixed assets costing £100.00 or more are initiauy recorded at eosL less any subsequent accumulated
dcpreciation and subscqueDt accumulated injpalm￿it losses.
Depreciation 8Dd an)ortl$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.
Infe￿st 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 th￿tfOr¢ 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