Cornpany registration number.. 05769390 Charity registration number.. 1116891 SHADWELL CHILDCARE LIMITED TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Flrsr Floor, Ernbsay Mlll Embsay Skipton North Yorkshlre BD23 6Q
Shadwell Chlldcare Limited Contents Pag¢ Tru5tees' Report 1-4 Independent Examinees Report Statement of Financlal Activitie5 lincludlng Incorne and Expenditure Accounti Balance Sheet Ststement of Cash Flow5 Notes to the Ststement of Cash Flows Notes to the Financlal Ststsments 10-13 The following pèges do not forni part of the statutory occounts.. Detailed Statement of Financial Actlvitie5 (including Income and Expendlture Account) 14-15
Shadwell Chlldcare Llmlted Company No. 05769390 Trustees. Report For The Year Ended 31 August 2025 The trustees present thelr report and the financlal statements for the year ended 31 August 2025. ObJ•ctlv•B and ActItI• Alms and ObJ¢rtlv•• To enhance the development and educatlon of chlldren up to the age of 11 by provlding appropr4aie play,educatlon and care facilltles en$urlng that opportunltles ore offere¢ to all chlldren whatever thelr race, culture, rellglon, means or ablllty. Publlc Ben•flt Our actlvitles to further publlc benefit include looklng after the educatlon and well.being of chlldren up to the age of 11 re9ardless of gender, race, rellglon or flnanclal mean5. The trustees confirm that they have complled wlth the requirements of Sectlon 17 of the Charltle$ Act 2011 to have due regard to the Charlty C¢mmls$lon's guidance on publlc ben•fit. A¢hl•v•rn•nt• •nd P•rform•n M•ln A¢hl•v•m•nts Buslness mètters.. Numbers In our Bluebell preschool room have been lower than in prevlous years, wlth 2-3 pljces avallable each day. Thls Is due In part to a lower blrth rate locally and natlonally but we hove also been affecteé by the Governrn•nt drlve to encourage prlmary schools to open thelr own provlslon. A number of new settlng5 have opened locally In the last two years. The Government pollcy to encournge bll govemlnq bod$ of prlmary schools to prgvlde breakfast clutss has also had an Impact on our business. Followlng dlscusslons wlth Shadwell Prlmary School, our breakfast club and aftér-school care are now only avallable to children In nursery and receptlon. Children Irom Year I to Year 6 attend the school'5 provlslon. Thls has had some lrnpoct on our numbers but has been succe55ful In the sense that our EYFS l Foundatlon chlldren are reeeivlng tallored care whlch Is approprlate to thelr age range. Sesslons are full except on Frldays, whlch are low acr05S th• sector and Ilkely t? be Ilnked to parent work potterns / flexl-worklng I worklng from horne whl¢h Is Increaslngly comrnon natlonally. Thls has been offset wlth staff tèklng matemlty leave Jnd nol belng replaced. The parents, forum and parent evenlngs were well attended199% of famllles at parents evenlng) and feedback Irom parents and carers Is that the events were beneflclal and a success. Susan Morgan retlred In March 2025, havlng served as a trustee lor twelve yejrs. We are enorrnously grateful to Sue for her commltment. expertlse and sa9e advlce over those years and we wlsh her J very happy retlrement. CornrnunScatlon requestin9 ai lea$t one new trustee, Ideally J setvlce user wlth buslness and f1nttn or HR e¥perlence, was shared with parents. Addltlonal Not• SENO.. We have several chlldren now 5UPPOrted wlth pdvate S< sesslons, commlssloned ènd funded by Shadwell Chlldcare. Thls has been revlewed by the Trustees and is a welcome additlon to our provlslon. Famllles and chlldren have benefited immensely and staff have been $upwrted In provldln9 one to one and smoll group 5essbns. Childn a¢¢¢ssing the sesslons make good progres5. staff.. A nurnber of staff have been away or returned from maternlty leave thi5 year. A staffing restructure took place io ensure 5enlor leèder (Dver wa$ In place for all sesslons. The £hange5 have provlée¢* Internal pr¢gres$lon and CPO opportunltles fcr current staff whlch Is well supported by employees and the manager, TraSning'. TraSnlng has been taklng place 5peclflcally orouad change5 to the Welfa stani1ards In the statutory EYFS framework and new Ofsted Inspectlon framework. ..CoNuED Page I
Shadwell Childcare Limited Trustees, Report {continued) For The Year Ended 31 August 2025 Addlt5onal Note- cont5nued Trustee Sarah Coltman came to se to rev1ew lunchtime prartice5 and safeguarding around the new safer eating requirements. The polles and procedures In place meet the new criterfa and the trustees are confident that good prath 55 in place. Trustee Valerle Wilson vislted the Setting to revlew the SEND and S< sessions and review pollces. She observed a S< session ond a small group 5es5ion then Spent time with the SENCO to review processes and interventlon5. All process are well ernbedded and 5UPPOrtive of staff and children. Trustee Carolyn Eyre came to review the safeguarding changes with all staff and held 8 trèinlng session for the te6m In March. Staff have renewed their PaediaMc First Aid, H&S and food hygiene certiflcate5 os needed. Two staff We registered for the Maths Champion trainlng programme. Our SENCO has signed up for a Level 3 quallflcation. Flnandal Revlew Fln•ncial Posltltsn Update.. The leases on both Bluebell and Sunflower rooms are ntsw out of contract. Unfortunatelyi It has continued to be very difficult to contact the relevant Feople within Leeds Clty Councll ILCCI and, despite a case worker belng allated and the involvement of the Local Authority Earfy Years service, there has been no progress. Sh6dwell Prnary School governors have confimied to LCC that they wish to renew the lease with Shadwell Childcare Ltd. We will continue to pre55 LCC estste5 team for a response. with no lease In place, LCC hès not been charging Shadwell Chlldcare Ltd any rent. We are placing the accrued rent in the contingency account each quarter to ensure that the monles are avallable when a new lease is agreerj and LCC systems are re501ved. We are conscious that the rent has not been revlewed or increased for a number of years and we anticlpate that there will be a significant rise when a new lease is offered. The Trustee5 have increased the balance of the contingency fund In preporation for thls. Since April 2024 all eligSble 2 year olds have been entFtted to ceIve up to the equivalent of 15 funded hours per week in term time. M05t chlldren 185%) In the setting are eligible to re1ve thls funding. There have been concern5 reported atr055 the sector and in the national media regarding the gap between funding and actual cost., In effect, nurseries and chlldcare providers lose money for each funded plate and there are restrictions on the extra services rhat can b& recharged. As a charity, the Tru5tee5 of Shadwell Childcare continue to believe that the shortfall is manageable although we recognise that private bu9ines5es are struggling and, locally. a number of Settings have closed. Despiie this, Shadwell Childcare has facllitated the Government offer of 30 hours to all age groups in Septetnber 2025. Staff received a wage increase of apprgxirnately 5% In April 2026. In addition. National Insurano and other business costs rose significantly thls year. This Is an estlmated Increase of 16k and wlll be covered by an Increase in se5slon pte5 from May 2026. A5 3 result of the Govemment fvnding gapi the se in ernployer costs and uncertainty about a rent rfse, we have taken a coutIOU5 approach to budgeting thi5 year whlle endeavouThng to mainialn our comrllitmenl to stsff developrnent and the children's enjoyment. Additional Not• BuIldn9$.. A health and safety check was condurted on outside play equipment and wo5 approved. 81uebell room ha5 been decorated and the new furniture and layout 15 working well The staff POD which was installed In Sept 24 ho5 been a success, providlng a place for staff to have bwks, have PPA time and for prlvate meetings with parents. Page 2
Shadwell Childcare Llmlted Trustees. Report (contlnued) For The Year Ended 31 August 2025 R•f•rnnce and Admlnlstr•ti¥e D•talls Trustees Mr5 Sarah Coltman Mrs Carolyn Eyre Mrs Valerie Wilson Mr Yogesh Dhir (appoint 16103120261 Mrs Susan Morgan (resigned 2210412025) Charlty Number 1116891 Company Number 05769390 R4gl*t•red Office Shadwell Pdmary School, Moln street Shadwell Leeds West Yorkshire LS17 8JF Independent Examln•r Graham Anthony Elllott Chartered Certifled Accountant Crag & Co Chartered Accountsnts & Chartered Tax Advlsers First Floor, Embsay Mlll Emb5ay Sklpton North Yorkshire BD23 6QR Page 3
Shadwell Childcare Limited Trustees, Report (continued) For The Year Ended 31 August 2025 Srn•ll Company Rul•• This report has been prepared In accor#ance with the speclal provisions relatlng to companles subject to the small companles reglme wlthln Part 15 of the Companles Act 2006. The trustees, report Wa5 approved by the board of trustees and 51gned on Its behalf bv.. 2028, 11..45pmi Trustee 1410512026 Page 4
Shadwell Childcare Llmited Independent Examlner's Report to the Trustees of Shadwell Childcare Llmited For The Year Ended 31 August 2025 I report to the chaty trustee5 on my examlnation of the accounts or the Company lor the year ended 31 August 2025. RPon11b11ltlety and B••l• ol Report As thÈ charity trustees of the Company land also Its dlrectors for the purposes of company lawl you are responsible for the preparatlon of the atcounts in accordance wlth the requlrements of the Companles Act 2006 rthe 2006 Actl. Havlng satisfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent e%amlnatlon, I report In respect of my exarninatlon of your charity's accounts 8$ carned out under Section 145 of the Charltle5 Att 2011 1.the 2011 Act'l. In carrylng out my examlnatlon I have followed the Dlrections givett by the Charity Commlsslon under section 145151 Ibl of the 2011 Ad. Ind¢p•nd•nt ExmIn•9 Stst¢m•nt Since the Company's gross Income exceeded £250,000 ytsur examlner must be a member ot ) body Ilsted In sectlon 145 of the 2011 Act. I conflrm that I am qualified to undertake the examinatlon because I am a member ol The Institute of Chartered Accountants in England and Wales, whlch 15 one of the Ilsted bodles. I hove Completed my examlnjtlon. I conflrm that no mott•rs h)ve corne to my attentlon In connertlon wlth the examlnatlon glvlng me couse to bélleve.. 1, accountlng records were not kept In re$pect of the Company a5 requlred tsy sectlon 386 01 the 2006 Act,. or 2. the èccounts do not accord wlth those records.. or 3. the accounts do not comply wlth the accountlng requlrements of sectlon 396 of the 2006 Act other than any requirernent that the accounts glve a 'true and lalr vlew, whlch Is not a matter consldered as yrt of an Independtnt examlnatlon., or 4. the account$ have not been ppared In accordance with the methods and pnCIPleS of the Statement of Recommended Practlce lor accountlng and reportlng by charities applicable to charltle5 preparlng thelr actounts In Jccordanco wlth the Flnanclèl R•portlng Stjndard applicable In the UK and Republlc of Ireland IFRS 1021. I have no concem5 and have come acr055 no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlno of the accounts to be reached. lItto.15*mIered Certlfied Accountsnt 1410512026 Flrst Floor, Embsay Mlll Ernbsay Skipton North Yorkshlre BD23 6QR Pa9e 5
Shadwell Childcare Llmlted Statement of Flnanclal Activities (Including Income and Expenditure Account) For The Year Ended 31 August 2025 2025 2024 Unr•strSct•d Unrestrl¢tod funds fund5 Not•• INCOME AND ENDOWMENTS FROM: Charltable activitle5'. Pre-primary educauon Investments Other 743,935 2,508 121 635,560 2,350 136 746,566 638,046 EXPENDITURE ON: Charltable 8ctlvltle5'. Pre-primary edUcaon NEf INCOME 1588,0171 1607,1391 30,907 158,549 Nrf hlOVEMeNT 114 FUNI>S RECONCIUATION OF FUNDS: Total funds brought forward 158.549 30,907 263,153 232,246 TOTAL FUNDS CARRZED FORWARD 14 421,702 263,153 The notes on pbges 9 to 13 fom part of thege flnanclal gtetements. P8ge 6
Shadwell Chlldcare Llmlted Balance Sheet As At 31 August 2025 2025 2024 Unrestrieted funds Totsl funds Notes FIXED ASSETS Tangible Assets io 12.453 13.484 12,453 13.484 CURRENT ASSETS Debtors Cash at bank and In hand 3.053 439,383 955 283.486 442.436 284.441 crltOrs. Amounts Falllng Due Wlthln One Year 12 133.1871 134.7721 NET CURRENT ASSETS (UABILMES) 409,249 249,669 TOTAL ASSEfs LESS CURRENT LIABILITIES 421,702 263,153 421,702 263.153 FUNDS OF THE CHARITY Llnrestricted Funds 421,702 263,153 TOTAL FUNDS 14 421.702 263,153 For the year endlng 31 August 2025 the charitable company was elltled to exemptlon from audit under sertlon 477 of the Companies Act 2006 relatlng to small companies. The members have not requId the company to obtain an audlt in accordance wlth sectlon 476 of the Companie5 Act 2006. The trustees acknowledge their reswnsibilitie5 for cotnplying wlth the requirements of the Ad wlth respect to accounting records and the preparation of accounts. These account5 have been prÈpared In accordance wlth the provisK)ns èppllcable to companles subject to the 5rnall companles regime. On behalf of the board pA¥%, w26 11 43wnl Trustee 1410512026 The note5 on pages 9 to 13 forni part of these financiol statements. Page 7
Shadwell Chlldcare Llmlted statement of Cash Flows For The Year Ended 31 August 2025 2025 2024 Nots C•¥h Ilow• from op•r*Ung •ctlvltl Net cash generated frorH operatlons Interest pald 160,416 11141 79,297 11151 Net cash generated from operating a¢tlvStItt5 C•Ah flows from Inve•tlng •Ctlvltl Purchase of tsnglble assets Interest recelved 160,302 79,182 16,9131 2,508 {19,942} 2,350 Net cash used In Investlng actlvltles 14.4051 117,5921 Increase In cash and c8sh equlvalents Cash and cash equlvalent5 at beglnnlng of yejr Cash and cash équlvalents at end of year 155.897 283.486 61,590 221,896 439,383 283,486
Shadwell Childcore Limlted Notes to the Statement of Cash Flows For The Year Ended 31 August 2025 RetonciliatioN ot Income to ca¥h generat from oper•tlons 2025 2024 Net Sncome 158,549 30,907 Adjustments for.. Interest expense Interest Incorne Depreciation of tsngible assets Movements An worklng capitol.. Increase in trade and other debtors IDecrease)lincrease in trade and other creditors Net cash 9enerated from operotions 114 115 {2.3501 30,615 {2,5081 7,944 12,0981 11,5851 160,416 12401 20,250 79.297 2. Cash and cash equt¥alents Cash and cash equivalents, as ststed In the Statement of Cash Hows, relates to the following items Sn the 8alance Sheet.. 2025 2024 Cash at bank and In hand 439,383 283,486 3. Analysis of changes In net fund8 Asatl S¢ptrmbèr 2024 Cash flows Asat31 August 2025 Cash at bank and in hand 283.486 155,897 439.383 Page 9
Shadwell Ch(pd_ Limited Notes to the Fin2r,Vs?I Statements For The Year Ended - . 4uyust 2025 l. G•neral Enfomi•tlon ShaL1well Childcare Umited 15 a company limited tiy guaranteo. ir.-?rpoTrL4d in England & Wales, registered number 05769390 and registered charity number 1116891. The gIstered oftlc- .' Sn2?I4ell Prirnary School, Main street, Shadwell, Leeds. West Yorkshire, LS17 8JF. 2. Accounting PollcSe¥ 2.1. Basls of Pr•paTatlgn of Flnan¢l•l Statem8nL¢ The financial statements have been prepa in accorc.-c- w',t:" the Charities SORP IFRS 1021 'Accounting and Reporting by Charitles.. Ststement of Recomrnende.d P7iryce aliCable to charities pTrparing their accounts i aCCDrdance wSth the Financlal Reporting Standard applictole January 20191. Financial Reporting Stsndard 102 'Th.: he UK and Republic of Ireland IFRS 1021 (effective I of Ireland. and the Compaaies Act 2006. a-12 Report4ing Standard applicable in the UK and Republic The charltable cornpany is a Publlc Benef Entity as de.lyr e6 by FRS 102. 2.2. Incomlny Resourc All Incoming resovrces are Included In the Staternent C", rij to the Income. Income consists of fees receivable .gr c411 .1 Attlvltle5 150FAI when the chority is legally entitled ar• ltIer by way of council funding, childcare vouchers or private individuals and is included in full in the SOFA whA ,.£ceived. Investment income by way of bank Interest on cash deposits Is Included when receivable. 2.3. Resotsrr•s Expend¢d All resources expended are recognised once there is a lÈgal or constrtsttive obligatlon to that expendlture, it is probable settlement is ryuSred and the amoyni can be measbred rellably. All costs are allocated to the applitable expenditure headlng that aggregate similar ccsts to that category. Where costs cannot be d1CtlY attributed to partlcular headings they have been allocated on a basis corsistent with the use of resources, with central staff costs allocated on the basis of time Spent and depreclatlon Charges 211ocated on the portion of the assets use. Other support costs are allocated based on the spread of stsff costs. 2.4. Tanglbl Fixed Assets and DeprÈ¢lotion Tangible flxed assets are measured at cost less accuM,1a étipreciatlon ané any accumulated impairment losses. Depreciatlon Is provided at rates calculated to write off the Trst of the fixed assets, les$ thelr estimated residual value, over their expected useful Ilves Dn the followlng bases.. LeaseholL1 Ixtures & ttIng$ 20V/o s*aight line 25% reéJclng balance 2.5. Cash and Cash Equlval•nts Cash an¢ cash equivalents are basic financial assÈts and rr,=l.ude cash in hand and deposits held at call with banks, other short-terrll highly liquid investments that ma%ure 4n mo.-e than three rnonths frorH the date Of acquisition and are readily convertible io a known amount of cash with in5ignif1cant risk of change In value, and bank overdrafts. 2.6. Pension5 The chatats1e CQFnpany operates a defined pension Ibvtlon scheme. Contrfbutlons are charged to the Statement of Financial Activltles as they becorne payable in accorLlar.ce wlth the rules of the scheme. 3. Investment Incom• 2025 2024 Unrestrlcted Unrestrirted funds fundg 8ank Interest recelvable 2.508 2.350 Pagp 10
Shadwell Chlldcare Limited Notes to the Clnarbcia5 Statements (contlnued) For The 'l¢ar Ended 31 August 2025 4. Oth•r Incom• 2025 2024 Unr•BtrSct•d Unr••trlrt•d funds Commisslon received 121 136 S, N•t In¢omel(Exp•ndltur•) The net Income is state¢ after charglngllcredltlng1- 2025 1024 Depredatlon ol tsnglble flxed assets . owned 7.944 30,615 6. Analy•l• of Exp•ndltur• 2025 Actlvltl•• und•rt•k•n dlr•ctly Support (see note 7} Tot•1 Pre-prtrnry edutatlon 583,007 5,OLO 588,017 2024 ActlvStle• und•rt•k•A dlr•¢tlv Support ¢••t• lsee note 7) Tot•1 pre-Prn¥ry educatlon 5¢46,620 10,519 607,139 7, Support Co•ts 2025 Pr•-prlm•ry edutatlon Employee costs General adrnin15tration 1,979 3,031 S,OLO 2024 Pr•-prfm•ry educatlon Employee costs G&neral admlnlstratlon 2,437 8,082 10,519 Page 11
Shadwell ChilO-??.. Llmlted. Notes to the Financlal i L-cmenK's (continued) For The Year kndefj 3.k ,Iigu5t 2025 8. Staff Costs Staff costs were as follows.. 2025 2024 Wage5 and salarles other pension costs 400,468 22,382 397,404 27,153 422,850 424,557 No employees ceiVed employee benents (excluding eryploy:I" nrJnsioii c¢stsl fDr the reporting perlod of Fnore than £60,000. 9. Av¢rJge Numbr of Employees AveTrge number Df employees durlng the year was.. 20 12024.. 2ry! LO. Tangible Ass*ts Land & PmpÈrty L•a8ehold Fixtures & Flttings Total Cojt As at I September 2024 Addltlons 154.711 3.793 30,232 3,120 184,943 6,913 èt 31 August 2025 158.504 33.352 191,856 D•preciatSon As at I September 2024 Provided durfng the pertod 154,710 3,793 16,749 4,151 171,459 7,944 is at 31 August 2025 158,503 20.900 179,403 Net Book Value As at 31 August 2025 12,452 12,453 t I September 2024 13,483 13,484 11. D•btors 2025 2024 Duo wlthln one year other debtors 3,053 955 12. Cradltors: Amounts F•lllng Due Withln Ono Year 2025 1014 Other creditors Taxation and soclal secUty Accruals and deferred Income 24,438 6,248 2,501 26,357 5,915 2,500 33,187 34,772
Shadwell Childciire Llmlted Notes to the Financlal Statements (contlnued) For The Year Ended 31 August 2025 13. P•nBlon Commltm•nts The charitsble company operate5 a deflned contrlbutyon pn5ion s¢neme. The assets of the seheme are held separately from those of the eharltable company in an independently admlnistered fund. Durlng the year the charge to the ststement of flnanclal actlvitles In respect of defined contribution schemes was £22,382 12024.. £27,153). At the balance sheet date contrtbutlon$ of ENIL were due to the fund and are Included In creL1Itors. 14. Mo¥•ment In Fund• A••ti S•pt¥mb•r 2024 A¥at31 Exp•ndltur• Augurt 2025 Incorn• Unr••trlct•d fund• General.. General untrlrted lund 263,153 746,566 1588,017) 421,702 Total fund# 263.153 746,566 158B,0171 421,702 Aiatl S•pt•mb¢r 2023 A••t31 Exp•ndStur• Au9U¥t 2024 Xncom• UnM•trlrt•d fund• General.. General unre5trlrted fund 232,246 638,046 1607,1391 263,153 Tot•1 fund• 232.246 638,046 1607,1391 263,153 15. Tr•n••rtlon• wlth Trut• None ol the trustees recelved any remuner¥tlon or ony oth•r beneflts Irom on employment wlth th• charlty or a related entlty durlng the current or prevlou5 year. Nu trustee expenses have been Incurr•d. 16. R¢l•t•d P•rty Dl•doiur Ther• have been no related party transactlons In the reportlng perlod that requlre dI5closure. 17. Cotnp*ny Ilmlt•d by gu•rnnt•• The company Is limlted by guarantee and has no share capltal. Every member of the company undertakes to con¢rlbyte to the assets of the company, In the event of a wlndlng Upi such an amount as may be requlred not exceedlng ÉL, Page 13
Shadwell Childcarp. Limited
Detailed Statement of Financial Activities (Én£dTJ<Éing Income and Expenditure Account)
For The Year Eneea .?,1 August 2025
2025
2024
Total
funds
Total
funds
INCOME AND ENDOWMENTS FROM:
Charltable A