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2025-08-31-accounts

Registered number: 04603405 Charity number: 1122036

BEAVER COMMUNITY TRUST LTD (A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 24

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025

Trustees Rev J Newson, Chair
Mr S Cawte, Trustee
Mrs M Newson, Trustee (03/04/2025)
Company registered
number
04603405
Charity registered
number
1122036
Registered office
The Willow Centre
Brookfield Road
Ashford
Kent
TN23 4EY
Company secretary
Mrs Sheila M Tong
Accountants
Magee Gammon Corporate Limited
Chartered Accountants
Henwood House
Ashford
Kent
TN24 8DH
Bankers
Barclays Bank
17 North Street
Ashford
Kent
TN24 8LF

Page 1

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report together with the financial statements of the company for the year 1 September 2024 to 31 August 2025. The Annual Report serves the purposes of both a Trustees' Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Charitable Objective

"To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and registered settings. To support the wellbeing of our local families and their children by promoting healthy lifestyle easing poverty and hunger through funded provisions such as providing meals and hygiene products.”

Benefits

The benefits to children, families and community include:

Future Trust activities might include:

Page 2

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance

a. Review of activities

The main objectives for the year continued to focus on the development and promotion of the Trust's full day care nursery and community café. The strategies employed by the Trust to meet these objectives included the following:

The current principle activities of the Trust are to deliver early years education and help support the well being of children and families in the community. We achieve this through two service provisions.

b. Nursery

Kiddie Kapers Neighbourhood Nursery is based in the Trust building, The Willow Centre. It is Ofsted Registered EY295433 (Status: Good) for 93 full day care children’s places for children aged from 3 months to 5 years.

It currently provides a number of sessions which means that there are over 160 families registered to use the nursery and in excess of 170 different children using the nursery each week. This by far exceeds the government requirements for this size project. The nursery continues to be the Trust's principle fund generator and we currently support a nursery team of 32 personnel which includes 2 apprentices. We also have some volunteer support.

The nursery participates in offering the Department of Education early education places for two year–olds (free for 2) on a set criterion to be met by the families. These places could be offered as full-time fee-paying places but are reserved for low-income families as part of the charitable ethos of Beaver Community Trust.

The Charity headlines for this year include:

Nursery

Page 3

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance (continued)

c. Café

The Café headlines for this year have been split into two sections:

Light Bites Community Cafe

The Board continued to support our Light Bites Community Café. However;

(1) with two principal Café staff members moving,

(2) being unable to recruit equally qualified staff,

(3) with the children’s meals having already been outsourced; and

(4) the Cafe after 20 yrs of use in need of refurbishment

The Board took the brave decision to temporarily close the Café and currently, subject to funding, are exploring plans to convert the Café into a Coffee Shop serving high quality coffee and drinks, some hot food and cakes.

Financial review

a. Going concern

During this period the Trustees had a reasonable expectation and confidence that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, we continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

Beaver Community Trust seeks to maintain general reserves which is equivalent to three months running costs, currently estimated at £110,000. The company maintains a tight control over outgoing resources and the value of the reserves required is reconsidered annually.

c. Financial risk management objectives and policies

Overall the financial performance of Beaver Community Trust Ltd saw a deficit in the year of £5,055 compared to last year's surplus of £8,471.

During the year the charity had three major streams of incoming resources from charitable activities. The sources of the income were from the nursery, café and Sure Start Ashford contribution.

Kiddie Kapers has shown a surplus in the year amounting to £41.3K (2024: surplus of £78.9K). The government funding accounted for £404.8K (69.4%) which is an increase of £28.4K (£376.5K (69.1%) in 2024). Private fees increased from £168.5K (30.9%) in 2024 to £178.5K (30.6%). The governance costs have been recognised as an indirect cost of the nursery. The governance costs have decreased slightly from £54.4K in 2024 to £52.2K this year.

The café has seen a decrease in turnover in the year to £23.4K from £34.5K in 2024. The respective running costs decreased to £34.5K in comparison to £55.9K in 2024, resulting in café decreasing its operating deficit from £21.4K to £11.1K in the year.

This year has seen a continuance of the contribution towards premises costs from Sure Start Ashford, amounting to £16.6K (2024: £21.0K). This contribution is fully expended against the running costs of the building.

The balance of restricted funds carried forward at 31 August 2025 is £199,429 (2024: £201,349). The balance of unrestricted funds carried forward at 31 August 2025 is £146,423 (2024: £149,558).

Structure, governance and management

Page 4

BEAVER COMMUNITY TRUST LTD (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management (continued)

a. Constitution

Beaver Community Trust (BCT) is a company limited by guarantee and was incorporated on 28th November 2002. The Trust was granted Charitable Status in December 2007 (1122036).

The company was established under a memorandum which established the objects and powers of a charitable company designate and is governed under its Articles of Association, In the event of the company being wound up members are required to contribute an amount not exceeding £10.

b. Principal activities, recruitment and appointment of Trustees

The trustees of the company are known as members of ‘The Board’ and meet at the Trust's headquarters known as The Willow Centre. Under the company Articles one third of the members retire at the Annual General Meeting but if willing to act, can be re-appointed if that vacancy is not filled by the Board.

The Trust's two current principal activities are:

  1. To run a 93-place full day care nursery known as Kiddie Kapers. This means that the Trust invariably focuses its attention on the community it serves with a special emphasis on families with early years children (3 months – 5 yrs)

  2. To run a community cafe under the trading name Light Bites. This means being able to provide a number of community services especially hot nutritional meals to children within Kiddie Kapers nursery at The Willow Centre

The Board always seeks to ensure the needs of the community and clients are appropriately reflected through the diversity of the trustee body. The Board regularly reviews its representation of these areas and individual skills base. Individuals are then recruited or approached to offer themselves for election to The Board where appropriate.

Plans for future periods

During this period the Charity continued to seek out appropriate funding avenues to maintain and develop its services. This was ever more challenging in the current general economic climate and competition for funds is vigorous. The Charity continuously strived to make the organisation more efficient at every level and to keep running costs to their minimum.

Our goals for the 2024/25 year included;

Conclusion

The Trust has once again performed well in this year despite the ongoing challenges of Government Early Years funding. That said the Trust has maintained its excellent reputation within the community, ensuring its service delivery is of the highest standard. The Trust is seen by the community as a place to come for help when they are in trouble and we seek to continue to help our community in this way whenever and however we can.

Page 5

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

The Board is reviewing its Trustee structure and Governance procedures in line with the Charity Commissioners current guidance. The Board has over some years been unable to attract new Trustees who are competent and passionate about Early Years. As a result, the Board has recognised that its current trustees are all of senior age and as such seek to retire in due course. The outcome of this has been that the Board has started to investigate the options available to secure and sustain the future of the Trust and the Nursery.

The Trusts commitment to providing a high standard of care and education within the nursery is as strong if not stronger than ever. With the Nursery at capacity and fully staffed there is no doubt that the Nusery has a bright and provident future.

The profitability of the business and benefits to the community remain high on the Boards agenda. Despite a small funding increase this year, the Early Years sector has in the Trusts opinion been seriously underfunded for many years, and until that changes the Board must accept that an Early Years Provision, especially one in the Charitable Sector, is always as risk. That said, despite all the ongoing challenges the Trust continues to try to achieve the very highest standards expected of us by our users and the Charity Commissioners.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

_________

Rev J Newson (Chair of Trustees) Date:

Page 6

BEAVER COMMUNITY TRUST LTD (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Independent examiner's report to the Trustees of Beaver Community Trust Ltd ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 August 2025.

Responsibilities and basis of report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company 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 the company's accounts 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

Since the company'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 ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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 accounts to be reached.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Signed: Dated: Antony Tutt FCA ICAEW Magee Gammon Corporate Limited Chartered Accountants Henwood House Ashford Kent TN24 8DH

Page 7

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net (expenditure)/income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
1,500
-
-
-
1,500
2,544
2,544
(1,044)
(876)
(1,920)
201,349
(1,920)
199,429		 Unrestricted
funds
2025
£
6,125
584,045
40,913
210
631,293
635,304
635,304
(4,011)
876
(3,135)
149,558
(3,135)
146,423		 Total
funds
2025
£
7,625
584,045
40,913
210
632,793
637,848
637,848
(5,055)
-
(5,055)
350,907
(5,055)
345,852		 Total
funds
2024
£
2,450
546,466
56,458
515
605,889
597,418
597,418
8,471
-
8,471
342,436
8,471
350,907

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 24 form part of these financial statements.

Page 8

BEAVER COMMUNITY TRUST LTD (A company limited by guarantee) REGISTERED NUMBER: 04603405

BALANCE SHEET AS AT 31 AUGUST 2025

Note
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 -
22,031
16,226
38,257
(17,626)		 2025
£
325,221
20,631
345,852
345,852
199,429
146,423
345,852		 1,220
20,081
14,350
35,651
(14,546)		 2024
£
329,802
21,105
350,907
350,907
201,349
149,558
350,907

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

_________

Rev J Newson

(Chair of Trustees) Date:

The notes on pages 10 to 24 form part of these financial statements.

Page 9

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. General information

Beaver Community Trust Limited is a private company, limited by guarantee, incorporated in England and Wales. The company registration number is 04603405.

The registered office address is The Willow Centre, Brookfield Road, Ashford, Kent, TN23 4EY.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Beaver Community Trust Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 10

BEAVER COMMUNITY TRUST LTD (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following bases:

Leasehold improvements - Over the term of the lease
Fixtures and fittings - 25% reducing balance
Office equipment - 25% reducing balance
Nursery equipment - 25% reducing balance

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 Debtors

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

2.9 Cash at bank and in hand

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

Page 11

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 12

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

3. Income from donations and legacies

Donations
Grants
Government grants
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
-
-
6,125
1,500
-
1,500
6,125
-
2,450		 Total
funds
2025
£
-
6,125
1,500
7,625
2,450		 Total
funds
2024
£
1,700
750
-
2,450

4. Income from charitable activities

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Fees received 584,045 584,045 546,466

5. Investment income

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Bank interest 210 210 515

Page 13

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

6. Analysis of expenditure on charitable activities

Summary by fund type

Cost of operating nursery
Cost of operating building
Costs of operating café
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
1,920
584,794
-
16,619
624
33,891
2,544
635,304
1,920
595,498		 Total
2025
£
586,714
16,619
34,515
637,848
597,418		 Total
2024
£
520,507
20,979
55,932
597,418

7. Analysis of expenditure by activities

Cost of operating nursery
Cost of operating building
Costs of operating café
Total 2024		 Activities
undertaken
directly
2025

£
534,536
16,619
34,515
585,670
543,020		 Governance
costs
2025
£
52,178
-
-
52,178
54,398		 Total
funds
2025
£
586,714
16,619
34,515
637,848
597,418		 Total
funds
2024
£
520,507
20,979
55,932
597,418

Page 14

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Provisions
Resources
Premises expenses
Training and recruitment
Printing, postage and stationery
Repairs and maintenance
Cleaning
Travel and entertainment
Food
Professional fees
Staff uniform
Marketing
Bad debts
Bank charges
Loan interest
Other interest
Total 2024		 Cost of
operating
nursery
2025
£
435,429
-
1,164
16,592
13,261
8,801
-
7,199
29,980
204
14,471
185
657
2,450
70
1,670
2,381
22
534,536
466,109		 Cost of
operating
building
2025
£
-
-
-
-
16,619
-
-
-
-
-
-
-
-
-
-
-
-
-
16,619
20,979		 Costs of
operating
café
2025
£
20,710
825
-
-
-
210
-
-
-
-
12,770
-
-
-
-
-
-
-
34,515
55,932		 Total
funds
2025
£
456,139
825
1,164
16,592
29,880
9,011
-
7,199
29,980
204
27,241
185
657
2,450
70
1,670
2,381
22
585,670
543,020		 Total
funds
2024
£
439,931
547
388
4,065
31,550
9,165
23
8,636
25,445
47
17,096
-
1,179
2,093
-
2,855
-
-
543,020

Page 15

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Cleaning and waste services
Independent examiners' fee		 Cost of
operating
nursery
2025
£
41,315
7,145
3,718
52,178		 Total
funds
2025
£
41,315
7,145
3,718
52,178		 Total
funds
2024
£
43,249
7,791
3,358
54,398

8. Independent examiner's remuneration

2025 2024
£ £
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts 3,463 3,133
Fees payable to the company's independent examiner in respect of:
All other services not included above 255 225

Page 16

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
463,937
25,159
8,358
497,454		 2024
£
451,881
23,750
7,549
483,180

The average number of persons employed by the company during the year was as follows:

Administration
Nursery
Cafe		 2025
No.
3
24
2
29		 2024
No.
4
23
2
29

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year Trustees received reimbursement of expenses amounting to £NIL (2024 - £NIL). The reimbursement of expenses represented stationery and travel costs suffered in the course of charitable activities.

Page 17

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

11. Tangible fixed assets

Leasehold

Cost or valuation
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 improvemen
ts
£
340,460
-
340,460
30,476
2,774
33,250
307,210
309,984		 Fixtures and
fittings
£
40,350
582
40,932
37,838
639
38,477
2,455
2,512		 Office
equipment
£
20,215
2,577
22,792
18,923
548
19,471
3,321
1,292		 Nursery
equipment
£
86,491
230
86,721
70,477
4,009
74,486
12,235
16,014		 Total
£
487,516
3,389
490,905
157,714
7,970
165,684
325,221
329,802

12. Stocks

Café goods
Debtors
Trade debtors
Prepayments and accrued income		 2025
£
-
2025
£
14,176
7,855
22,031		 2024
£
1,220
2024
£
16,694
3,387
20,081

13. Debtors

Page 18

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 September 2024
Resources deferred during the year
Amounts released from previous periods		 2025
£
4,322
1,441
3,800
8,063
17,626
2025
£
5,893
246
(1,306)
4,833		 2024
£
1,660
-
4,045
8,841
14,546
2024
£
7,771
120
(1,998)
5,893

The deferred income consists of £109 for monies received for childcare services not yet provided (2024 - £1,415) and £4,724 for rates recharged in advance (2024 - £4,478).

15. Financial instruments

Financial assets
Financial assets measured at fair value through income and expenditure
Financial assets measured at amortised cost
Financial liabilities
Financial liabilities measured at amortised cost		 2025
£
16,226
14,176
30,402
2025
£
8,122		 As restated
2024
£
14,350
16,694
31,044
2024
£
5,705

Financial assets measured at fair value through income and expenditure comprise bank and cash balances.

Financial assets that are debt instruments measured at amortised cost comprise debtors.

Financial liabilities measured at amortised cost comprise creditors and other creditors.

Page 19

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Statement of funds

Statement of funds - current year


Unrestricted funds
General Funds - all funds
Restricted funds
Capital Grant
Community Fridge and Food
Total of funds		 Balance at 1
September
2024
£
149,558
201,349
-
201,349
350,907		 Income
£

631,293
-
1,500
1,500
632,793		 Expenditure
£
(635,304)
(1,920)
(624)
(2,544)
(637,848)		 Transfers
in/out
£
876
-
(876)
(876)
-		 Balance at
31 August
2025
£
146,423
199,429
-
199,429
345,852

Page 20

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

16. Statement of funds (continued)

Statement of funds - prior year


Unrestricted funds
General Funds
Restricted funds
Capital Grant
Community Meals
Total of funds		 Balance at
1 September
2023
£
132,603
203,269
6,564
209,833
342,436		 Income
£
605,889
-
-
-
605,889		 Expenditure
£
(595,498)
(1,920)
-
(1,920)
(597,418)		 Transfers
in/out
£
6,564
-
(6,564)
(6,564)
-		 Balance at
31 August
2024
£
149,558
201,349
-
201,349
350,907

Page 21

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

17. Fund descriptions

General Fund - This is the reserve representing the unrestricted, core funds of the Charity.

Capital Grant -

This represents a grant from Kent County Council to cover the cost of extending the building for the nursery. This grant is being written down over its useful economic life.

Community Meals - This is a project to provide meals to the Ashford Community experiencing hardship. The transfer in the year represents a a reimbursment of costs suffered by the general fund in respect to the running of the project.

Communit Fridge and Food - This is a grant received from Ashford Borough Council for the purchase of a community fridge and food to make fresh produce available to local families.

Page 22

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

18. Summary of funds

Summary of funds - current year


General funds
Restricted funds
Summary of funds - prior year

General funds
Restricted funds		 Balance at 1
September
2024
£
149,558
201,349
350,907
Balance at
1 September
2023
£
132,603
209,833
342,436		 Income
£

631,293
1,500
632,793
Income
£
605,889
-
605,889		 Expenditure
£
(635,304)
(2,544)
(637,848)
Expenditure
£
(595,498)
(1,920)
(597,418)		 Transfers
in/out
£
876
(876)
-
Transfers
in/out
£
6,564
(6,564)
-		 Balance at
31 August
2025
£
146,423
199,429
345,852
Balance at
31 August
2024
£
149,558
201,349
350,907

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
199,429
125,792
-
38,257
-
(17,626)
199,429
146,423		 Total
funds
2025
£
325,221
38,257
(17,626)
345,852

Page 23

BEAVER COMMUNITY TRUST LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
201,349
-
-
201,349		 Unrestricted
funds
2024
£
128,453
35,651
(14,546)
149,558		 Total
funds
2024
£
329,802
35,651
(14,546)
350,907

20. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £8,358 (2024 - £7,549).

21. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

22. Related party transactions

There were no related party transactions in the current or prior period other than those disclosed in note 10.

Page 24