**Busy Bees Blaenavon Day Nursery and Kids Club Ltd**
**Trustees Annual Report September 2024-2025**
**Busy Bees**
2024 - 2025
## Busy Bees Blaenavon Day Nursery and Kids Club Trustees Annual Report 2025
Management Board Report for the year ended 31[st] August 2025
## **References and Administration information**
Charity Name: Busy Bees Blaenavon Day Nursery and Kids Club Ltd Charity registration number: 1126728 Company Registration Number 06495575 Registered Office and Park Street Operational address Blaenavon Torfaen NP4 9AA
## **Management Committee**
Tom Wood Chair Susan Driscoll Sophie Gallear Joanne Walters Stacey Thomas Ryan Redman
## **Secretary**
Cara Boddington
## **Our Aims and Objectives**
At Busy Bees we aim to:-
- Promote a community ethos where adults and children can reach their full potential
- Provide a warm, caring, inclusive and family environment for children aged 0 – 11 years, where each child and adult is treated as an individual and their unique qualities are recognised and celebrated
- To enable children’s learning by providing experiences and opportunities that are fun, stimulating and appropriate.
Ensuring our work delivers our aims
- Continually monitoring local demands and requirements so we can offer a service that is flexible and accessible
- Liaising with members of the community such as Health visitors and school representative, as well as employers, Trade associations and local community groups
- Ensuring our facilities are safe and secure and an appropriate environment for our activities.
How our activities deliver public benefit
- Affordable quality childcare enables parents to continue or return to work, improve their skills with training and further education. This includes escorting children to and from school and nursery for parents that would be unable to work without our services.
- Allowing community groups to utilise our facilities to run activities and meetings
- Supporting families in need of respite or childcare to enable them to better their quality of life for themselves and their children.
- Actively employing local people and providing on the job training and experience opportunities for students.
- Working in tandem with local health professionals to target families in need and delivering a service that improves the quality of life of the whole family
## Financial review
Finances remain stable, although there have been cash flow issues, we must work hard to make sure Flying Start registers, Childcare offer registers and invoices are all sent out as early as possible.
The reduction of the NI threshold for employers has had a large impact, with a cost of about £30,000 extra to be paid out. The increase in minimum wage was not as brutal as last year, but we still had to increase our fees by 15% to counter the increased cost.
For the period 23/24 to 24/25 the wages rose by 13%, we have worked hard to counter the increases by reducing hours where we can, whilst providing quality care. .
The fees were increased by 12% which, plus there was an increase in the funding rate for the Childcare offer. This increase has helped towards sustainability, however the rate paid is still £1.40 below what the nursery charges per hour.
We are continuing to pay off the last remaining loan, there is currently around £9,000 left to repay, this should be cleared in around two years.
Grants - we only received a small amount of funding toward Healthy eating, and returned the Moondance funding received for Summer for 2024, resulting in a minus figure for grants in this period
Careful monitoring of the finances is needed to continue to manage the income and wages. This is always difficult due to the fluctuating nature of numbers of children attending. The amount of unpaid childcare continues to be too high and impacts the cash flow. Since March 2025 we have been diligent in chasing fees, and have issued many withdrawal notices. Some families have been refused care due to unpaid bills. Legal proceedings will now take place if fees are not paid in a timely manner.
We did not do very much fundraising over the last 12 months again, due to a variety of factors. We may look to be increasing this, but it depends on a lot of work outside of work hours, which is difficult for a lot of staff.
Moving forward, we need to continue to make sure that the wages bill remains trimmed where possible. We also need to pursue debt more aggressively.
The projections for the next year look alright. Usual sticky months, usually the month before FS comes in
## Principle Funding Sources
Aside from the principal income generated by the services we provide, we continue to receive funding from Torfaen County Borough Council to provide Free Flying Start preschool places within both Busy Bees Blaenavon and at BICC, and from September 2018 many families have accessed the Free 30 Hours childcare offer.
## **Structure, Governance and Management**
## Governing Document
The organisation is a charitable company limited by guarantee, incorporated on the 6[th] of February 2008 and registered as a charity on the 30[th] of June 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company 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 £1.
## Recruitment and Appointment of Management Commitee
Some of the directors of the company are also charity trustees for the purposes of charity law
Under the company’s Articles directors/trustees are known as members of the Management committee. All members of the Management Committee give their time voluntarily and receive no benefit from the charity.
The Management Board has a mix of parents and staff to ensure that all aspects are covered and that it can be functional as a Board.
## Risk Management
Day to day risk assessment procedures and policies are in operation throughout the nursery. These are maintained and reviewed by the Manager. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the building and to the satellite group Busy Bees @ BICC
## **Organisational Structure**
Busy Bees has a Management Board of ten members who meet monthly and are responsible for the strategic direction and policy of the charity. The Management Board at present has several members from professional backgrounds and several who do not in order to fully represent the community we support.
A Management structure is in place. Day to day responsibility for smooth running rests with the Nursery Manager, supported by the Registered Individual and deputy managers.. The Nursery Manager reports to the Management Board.
Related Parties
- Early Years Wales
- Clybiau Plant Cymru Kids Club
- National Day Nurseries Association
## **Responsibilities of the Management Committee**
Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the affairs of the company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management board should follow best practices and:
Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent; and
Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.
The management board is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Management Board is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Members of the Management Committee**
Members of the Management Committee, who are directors for the purpose of company law, Tom and Sue are also trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 2.
In accordance with company law, as the company directors, we certify that;
So far as we are aware, there is no relevant information of which the company directors are unaware; and
As the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the management board is aware of that information.
This report has been approved by the Management Board on 21/10/2025 and signed on its behalf by Cara Boddington
Cara Boddington
Busy Bees Blaenavon Day Nursery and Kids Club Statement of Financial Activities (including Income and Expenditure Account) for the year ending 31[st] August 2025
THE FIGURES FOR 2024/20252 ARE NOT CONFIRMED AT THIS POINT. THEY WILL BE AFTER THE ACCOUNTANTS HAVE PROCESSED THEM
Opening balance 1/9/2024 £36627.41
|**Turnover**|2024/2025|2023/2024|2022/2023|2021/2022|
|---|---|---|---|---|
|Bethlehem Congregaton Church|£250.00|-|£413.72|(£342.08)|
|Interest Income|£131.81|£351.36|£116.76|£2.38|
|Other revenue|-|-|-|(£56.52)|
|Sales - Childcare Ofer|£141,076.60|£152,182.50|£153,910.00|£90,268.38|
|Sales - Fees|£357,879.88|£319,243.04|£273,562.25|£260,116.84|
|Sales - Flying Start|£184,110.14|£129,918.75|£122,793.45|£83,440.01|
|Sales - TCBC|£49,894.22|£38,227.74|£37,944.44|£39,103.63|
|**Total Turnover**|**£733,342.65**|**£639,923.39**|**£588,740.62**|**£472,532.64**|
|**Cost of Sales**|||||
|Direct Wages|£632,806.61|£564,069.18|£435,690.67|£381,880.80|
|SMP Compensaton|Included in direct wages|||(£242.14)|
|SMP Reclaim|Included in direct wages|||(£8072.87)|
|Total Cost of Sales|£632,806.61|£564,069.18|£435,690.67|£373,565.79|
|**Gross Proft**|£100,536.04|£75,854.21|£153,049.95|£98,966.85|
|**Administratve Costs**|||||
|Audit and Accountancy Fees|£3,505.68|£3,291.48|£2,986.96|£2,270.68|
|Bank Fees|£282|£324|£271.73|£317.61|
|Charitable and Politcal
Donatons|£300|£476.50|£258.93|£1029.78|
|PPE/Cleaning|£7400.02|£7,736.93|£6,412.50|£7,324.31|
|Employers Natonal Insurance|£37,491.71|£32,878.60|£20,458.29|£12,379.73|
|Equipment|£1,839.16|£4,940.02|£3,642.69|£2,007.49|
|General Expenses|£5,916.79|£7,610.93|£6,657.88|£5,252.19|
|Groceries|£21,448.64|£19,943.12|£18,572.64|£15,388.72|
|---|---|---|---|---|
|Insurance|£2,053.54|£1,985.34|£1,944.81|£2,153.70|
|Interest Paid|-|-|-|£62.06|
|IT Sofware and Consumables|£3,058.44|£3,624.52|£2,374.84|£2,604.94|
|Light, Power, Heatng|£10,506.42|£9,577.33|£9,195.85|£8,693.98|
|Motor Vehicle Expenses|£6,419.18|£9,917.79|£4,146.80|£7,288.80|
|Pension Costs|£10,236.77|£8,391.18|£2,703.07|£3,620.08|
|Postage Freight and courier|£5.60|-|£6.65|£16.15|
|Printng and Statonary|£2,872.25|£2,145.36|£1,973.78|£1,878.44|
|Rates|-|-|(£593.36)|£2,660.00|
|Rent|£16,931.38|£17,042.92|£17,381.24|£16,599.74|
|Repairs and Maintenance|£580.00|£638.38|£2,366.18|£1,522.39|
|Resources|£1062.23|£2,271.17|£3,079.93|£2,277.63|
|Training|£1,010.86|£1,380.00|£387|£2,028.00|
|Uniform|£1,112.40|-|(£194.73)|£198.75|
|Telephone and internet (was in
utlites)|£1,289.36|£1,212.46|£1,131.37|£763.57|
|Trips/Treats|£0.50|£304.50|£127.00|£80.80|
|**Total Administratve Costs**|£135,322.93|£135,692.53|£105,942.05|£98,419.54|
|Operatng Proft|(£34,786.89)|(£59,838.32)|£47,107.90|£547.31|
|**Other Income**|||||
|Fundraising|£112.21|£264.28|£414.39|£2,229.64|
|Grants|(£890.00)|£3,744.18|£28,403.31|£13,254.95|
|HMRC JRS Grants|-|-|-|£3,985.73|
|Kickstarter|-|-|-|£1,882.32|
|Total Other Income|(£777.79)|£4,038.46|£28,817.70|£21,352.64|
|---|---|---|---|---|
|**Proft/ Loss**|(£35,564.68)|(55,799.86)|£75,925.60|£21,899.95|
Closing Balance 31/08/2025 £1062.73
deficit for year £35,564.68
Wages cost including NI and pension
2021/2022 £
Busy Bees Blaenavon Day Nursery and Kids Club
The average number of employees during the year, including full time and part time positions
||2015|2016|2017|2018|**2019**|**2020**|**2021**|**2022**|**2023**|**2024**|**2025**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Manager/From
2024
Responsible
Person|1|1|1|1|**1**|**1**|**1**|**1**|**1**|**1**|**1**|
|Deputy
manager/
From 2024
Person in
Charge|3|3|5|5|**5**|**5**|**5**|**5**|**5**|**5**|**4**|
|Supervisor|2|2|1|1|**1**|**1**|**2**|**1**|**2**|**2**|**2**|
|Assistant|20|20|20|19|**19**|**18**|**21**|**22**|**25**|**28**|**31**|
|Auxiliary|4|4|4|5|**6**|**6**|**7**|**6**|**6**|**6**|**5**|
|total|30|30|31|31|**33**|**31**|**36**|**35**|**39**|**42**|**43**|
## **Trustee Remuneration and Related Party Transactions**
No members of the management board received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
## **Taxation**
As a charity Busy Bees is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity
```
REGISTERED COMPANY NUMBER: 06495575 (England and Wales)
REGISTERED CHARITY NUMBER: 1126728
```
## **`REPORT OF THE TRUSTEES AND`**
## **`FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`FOR`**
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
CLUB
```
```
Green & Co
Accountants and Tax Advisors
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU
```
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
CLUB
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 5`|
|**`Independent Examiner's Report`**|`6 to 7`|
|**`Statement of Financial Activities`**|`8`|
|**`Balance Sheet`**|`9 to 10`|
|**`Cash Flow Statement`**|`11`|
|**`Notes to the Cash Flow Statement`**|`12`|
|**`Notes to the Financial Statements`**|`13 to 20`|
|**`Detailed Statement of Financial Activities`**|`21 to 22`|
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stAugust2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`At Busy Bees we aim to:-`**
```
o Promote a community ethos where adults and children can reach their full potential.
oProvideawarm,caring,inclusiveandfamilyenvironmentforchildrenaged0-11years, where
eachchildandadultistreatedasanindividualandtheiruniquequalitiesarerecognised and
celebrated.
```
```
oToenablechildren'slearningbyprovidingexperiencesandopportunitiesthatarefun, stimulating
and appropriate.
```
## **`Ensuring our work delivers our aims`**
```
oContinuallymonitoringlocaldemandsandrequirementssowecanofferaservicethatis flexible
and accessible.
```
```
oLiaisingwithmembersofthecommunitysuchasHealthvisitorsandschoolrepresentatives,as well
as employers, trade associations and local community groups.
```
```
o Ensuring our facilities are safe and secure and an appropriate environment for our activities.
```
## **`How our activities deliver public benefit`**
```
oAffordablequalitychildcareenablesparentstocontinueorreturntowork,improvetheirskills with
trainingandfurthereducation.Thisincludesescortingchildrentoandfromschoolandnursery for
parents that would be unable to work without our services.
```
```
o Allowing community groups to utilise our facilities to run activities and meetings.
oSupportingfamiliesinneedofrespiteorchildcaretoenablethemtobettertheirqualityoflife for
themselves and their children.
```
```
oActivelyemployinglocalpeopleandprovidingonthejobtrainingandexperienceopportunities for
students.
```
```
oWorkingintandemwithlocalhealthprofessionalstotargetfamiliesinneedanddeliveringa service
that improves the quality of life of the whole family.
```
```
Page 1
```
```
CLUB
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`STRATEGIC REPORT`**
## **`Financial position`**
```
Overall,financesremainstable;howevertherehavebeencash-flowissues.Itisessentialthat Flying
Startregisters,Childcareofferregistersandinvoicesaresentoutasearlyaspossibleto maintain
financial stability.
```
```
ThereductionoftheNationalInsurancethresholdforemployershashadasignificantimpact, resulting
inapproximately£30,000inadditionalcosts.Whiletheincreaseintheminimumwageswas less
substantialthaninthepreviousyear,westillhadtoimplementa15%feeincreasetooffset rising
expenses.
```
```
Between2023/24and2024/25,wagesroseby13%.Wehaveworkedhardtomanagethesecosts by
reducing staff hours where appropriate while maintaining high-quality care.
```
```
Feesincreasedby12%,andthefundingratefortheChildcareofferalsorose.Thishascontributed to
improvedsustainability;however,thefundingratepaidremains£1.40perhourbelowour standard
nursery charges.
```
```
Wecontinuetorepayourremainingloan,with£10,224outstanding.Atthecurrentrate,weexpect this
loan to be fully repaid within two years.
```
```
During this year, we received only a small amount of grant funding towards Healthy Eating.
```
```
Closemonitoringoffinancesisneededtocontinuetomanageincomeandwages.Thisis always
difficultduetothefluctuatingnumbersofchildrenattending.Unpaidchildcarefeescontinueto place
strainoncashflow.SinceMarch2025,wehavestrengthenedourfee-collectionprocedures, issuing
numerouswithdrawalnoticesanddecliningcareforfamilieswithsignificantarrears.Legalaction will
now be pursued where fees remain unpaid.
```
```
Fundraisingwaslimitedoverthepast12months,duetovariousconstraints.Whilewemaylook at
increasingfundraisingeffortsmovingforward,thisdependsonstaffcapacityoutsideofwork hours,
which remaining challenging.
```
```
Lookingahead,weneedtocarefullymanagestaffingcostsandcontinuetotakeafirmapproach to
debtrecovery.Projectionsforthecomingyeararegenerallypositive,withtheusual challenges
expected in the period immediately before Flying Start funding is received.
```
## **`Principal funding sources`**
```
Asidefromtheprincipalincomegeneratedbytheservicesweprovide,wecontinueto receive
fundingfromTorfaenCountyBoroughCounciltoprovideFreeFlyingStartpreschoolplaceswithin both
BusyBeesBlaenavonandatBICC,andfromSeptember2018manyfamilieshaveaccessedtheFree 30
Hours childcare offer.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Theorganisationisacharitablecompanylimitedbyguarantee,incorporatedonthe6thof February
2008andregisteredasacharityonthe30thofJune2008.Thecompanywasestablishedunder a
MemorandumofAssociationwhichestablishedtheobjectsandpowersofthecharitable company
andisgovernedunderitsArticlesofAssociation.Intheeventofthecompanybeingwound up
members are required to contribute an amount not exceeding £1.
```
```
Page 2
```
```
CLUB
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Recruitment and appointment of Management Committee`**
```
Someofthedirectorsofthecompanyarealsocharitytrusteesforthepurposesofcharity law.Under
thecompany’sArticlesdirectors/trusteesareknownasmembersoftheManagement committee.All
membersoftheManagementCommitteegivetheirtimevoluntarilyandreceivenobenefitfrom the
charity.
```
```
TheManagementBoardhasa mixof parentsandstafftoensurethatallaspectsarecoveredand that
it can be functional as a Board.
```
## **`Organisational structure`**
```
BusyBeeshasaManagementBoardofeightmemberswhomeetmonthlyandareresponsiblefor the
strategicdirectionandpolicyofthecharity.TheManagementBoardatpresenthasseveral members
fromprofessionalbackgroundsandseveralwhodonotinordertofullyrepresentthecommunity we
support.
```
```
AManagementstructureisinplace.Daytodayresponsibilityforsmoothrunningrestswiththe Nursery
Manager,supportedbytheRegisteredIndividualanddeputymanagers.TheNurseryManager reports
to the Management Board.
```
## **`Responsibilities of the Management Committee`**
```
CompanylawrequirestheManagementCommitteetopreparefinancialstatementsfor each
financialyearwhichgiveatrueandfairviewoftheaffairsofthecompanyasatthebalance sheet
dateandofitsincomingresourcesandapplicationofresources,includingincomeand expenditure,
forthefinancialyear.Inpreparingthosefinancialstatements,themanagementboardshould follow
bestpracticesandselectsuitableaccountingpoliciesandthenapplythemconsistently, make
judgementsandestimatesthatarereasonableandprudent;preparethefinancialstatementson the
goingconcernbasisunlessitisnotappropriatetoassumethatthecompanywillcontinueon that
basis.
```
```
Themanagementboardisresponsibleformaintainingproperaccountingrecordswhichdisclose with
reasonableaccuracyatanytimethefinancialpositionofthecharitablecompanyandto enable
themtoensurethatthefinancialstatementscomplywiththeCompaniesAct2006.The Management
Boardisalsoresponsibleforsafeguardingtheassetsofthecharitablecompanyandhencefor taking
reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
MembersoftheManagementCommittee,whoaredirectorsforthepurposeofcompanylaw, Tom
andSuearealsotrusteesforthepurposeofcharitylaw,whoservedduringtheyearandupto the
date of this report.
```
```
Inaccordancewithcompanylaw,asthecompanydirectors,wecertifythat;sofarasweare aware,
thereisnorelevantinformationofwhichthecompanydirectorsareunaware;andasthedirectors of
thecompanywehavetakenallthestepsthatweoughttohavetakeninordertomake ourselves
awareofanyrelevantinformationandtoestablishthatthemanagementboardisawareof that
information.
```
## **`Related parties`**
- `•- Wales PPA`
- `•- Clybiau Plant Cymru Kids Club`
- `•- National Day Nurseries Association`
```
Page 3
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`CLUB`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
Daytodayriskassessmentproceduresandpoliciesareinoperationthroughoutthenursery.These are
maintainedandreviewedbytheManager.Proceduresareinplacetoensurecompliancewith health
andsafetyofstaff,volunteers,clientsandvisitorstothebuildingandtothesatellitegroupBusyBees @
BICC.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
06495575 (England and Wales)
```
## **`Registered Charity number`**
```
1126728
```
## **`Registered office`**
```
Busy Bees Park Street
Blaenavon
Pontypool
Torfaen
NP4 9AA
```
## **`Trustees`**
```
C F Boddington Finance officer
S J Driscoll Nursery Manager
S M Gallear Childcare
T R Wood Director
S Thomas Childcare Practitioner
R C Redman Accountant
E Livings Dance Teacher (resigned 20.1.25)
J Walters Childcare Practitioner
```
## **`Company Secretary`**
```
C F Boddington
```
## **`Independent Examiner`**
```
Scott Harris FCCA
Green & Co
Accountants and Tax Advisors
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU
```
```
Page 4
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
```
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees, as
the company directors, on 3rd February 2026 and signed on the board's behalf by:
```
```
C F Boddington - Trustee
```
```
Page 5
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`CLUB`**
## **`Independent examiner's report to the trustees of Busy Bees Blaenavon Day Nursery And Kids Club ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st August 2025.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw) you
areresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunder Part
16ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectofmy examination
ofyourcharity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act'). In
carryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommission under
Section 145(5) (b) of the 2011 Act.
```
```
Page 6
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofa listed
body.IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberof the
Association of Chartered Certified Accountants, which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattention in
connection with the examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexamination to
whichattentionshouldbedrawninthisreportinordertoenableaproperunderstandingof the
accounts to be reached.
```
```
Scott Harris FCCA
```
```
Green & Co
Accountants and Tax Advisors
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU
```
```
3rd February 2026
```
```
Page 7
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`692`
**`Charitable activities`**
`4`
`Childcare`
`559,989`
`Investment income`
`3`
`132`
**`Total`**
`560,813`
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`Childcare`
`561,874`
**`NET INCOME/(EXPENDITURE)`**
`(1,061)`
**`Transfers between funds`**
`16`
`(32,613)`
**`Net movement in funds`**
`(33,674)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`85,388`
**`TOTAL FUNDS CARRIED FORWARD`**
`51,714`|`Restricted`
`funds`
`£`
`-`
`184,110`
`-`
`184,110`
`211,251`
`(27,141)`
`32,613`
`5,472`
`(13,391)`
`(7,919)`|`2025`
`Total`
`funds`
`£`
`692`
`744,099`
`132`
`744,923`
`773,125`
`(28,202)`
`-`
`(28,202)`
`71,997`
`43,795`|`2024`
`Total`
`funds`
`£`
`-`
`695,473`
`351`|
|---|---|---|---|
||||`695,824`|
||||`683,220`|
||||`12,604`
`-`|
||||`12,604`
`59,393`|
||||`71,997`|
```
The notes form part of these financial statements
```
```
Page 8
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`BALANCE SHEET 31ST AUGUST 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`11`
`20,971`
**`CURRENT ASSETS`**
`Debtors`
`12`
`43,969`
`Cash at bank and in hand`
`12,382`
`56,351`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
`(25,607)`
**`NET CURRENT ASSETS/(LIABILITIES)`**
`30,744`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`51,715`
**`CREDITORS`**
`Amounts falling due after more than one`
`year`
`14`
`-`
**`NET ASSETS`**
`51,715`
**`FUNDS`**
`16`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
`2,304`
`-`
`-`
`-`
`(6,438)`
`(6,438)`
`(4,134)`
`(3,786)`
`(7,920)`|`2025`
`Total`
`funds`
`£`
`23,275`
`43,969`
`12,382`
`56,351`
`(32,045)`
`24,306`
`47,581`
`(3,786)`
`43,795`
`51,715`
`(7,920)`
`43,795`|`2024`
`Total`
`funds`
`£`
`31,033`
`40,350`
`39,231`
`79,581`
`(28,141)`
`51,440`
`82,473`
`(10,476)`
`71,997`
`85,388`
`(13,391)`
`71,997`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompanies Act
2006 for the year ended 31st August 2025.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfor the
year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 9
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`BALANCE SHEET - continued 31ST AUGUST 2025`**
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
3rd February 2026 and were signed on its behalf by:
```
```
S J Driscoll - Trustee
```
```
The notes form part of these financial statements
```
```
Page 10
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2025`**
|`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Interest paid`
`Net cash used in operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Interest received`
`Net cash provided by/(used in) investing activities`
**`Cash flows from financing activities`**
`Loan repayments in year`
`Net cash used in financing activities`
**`Change in cash and cash equivalents`**
**`in the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the end`**
**`of the reporting period`**|`2025`
`£`
`(20,740)`
`912`
`(19,828)`
`-`
`132`
`132`
`(7,153)`
`(7,153)`
`(26,849)`
`39,231`
`12,382`|`2024`
`£`
`(33,126)`
`1,327`
`(31,799)`
`(27,158)`
`351`
`(26,807)`
`(7,423)`
`(7,423)`
`(66,029)`
`105,260`
`39,231`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 11
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
|**`Net (expenditure)/income for the reporting period (as per the`**
**`Statement of Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Loss on disposal of fixed assets`
`Interest received`
`Increase in debtors`
`Increase/(decrease) in creditors`
**`Net cash used in operations`**|`2025`
`£`
`(28,202)`
`7,758`
`-`
`(132)`
`(3,619)`
`3,455`
`(20,740)`|`2024`
`£`
`12,604`
`9,766`
`876`
`(351)`
`(21,215)`
`(34,806)`
`(33,126)`|
|---|---|---|
## **`2. ANALYSIS OF CHANGES IN NET FUNDS`**
||`At 1.9.24`|`Cash flow`|`At 31.8.25`|
|---|---|---|---|
||`£`|`£`|`£`|
|**`Net cash`**||||
|`Cash at bank and in hand`|`39,231`|`(26,849)`|`12,382`|
||`39,231`|`(26,849)`|`12,382`|
|**`Debt`**||||
|`Debts falling due within 1 year`|`(5,989)`|`(449)`|`(6,438)`|
|`Debts falling due after 1 year`|`(10,476)`|`6,690`|`(3,786)`|
||`(16,465)`|`6,241`|`(10,224)`|
|**`Total`**|`22,766`|`(20,608)`|`2,158`|
```
The notes form part of these financial statements
```
```
Page 12
```
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
```
```
CLUB
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunder FRS
102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhas entitlement
tothefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomic benefits
willberequiredinsettlementandtheamountoftheobligationcanbemeasured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributed to
particularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```
```
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Office equipment- 20% on cost
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthe discretion
of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.
```
```
continued...
```
```
Page 13
```
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
CLUB
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
**`3.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`4.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Fundraising`
`Childcare`
`30 Hours`
`Childcare`
`Fees`
`Childcare`
`Flying Start`
`Childcare`
`Grants`
`Childcare`
`Assisted Places`
`Childcare`
`Sundry income`
`Childcare`
**`5.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Childcare`|`2025`
`2024`
`£`
`£`
`692`
`-`
`2025`
`2024`
`£`
`£`
`132`
`351`
`2025`
`2024`
`£`
`£`
`201`
`263`
`141,077`
`152,183`
`366,671`
`337,992`
`184,110`
`129,919`
`1,588`
`36,888`
`50,202`
`38,228`
`250`
`-`
`744,099`
`695,473`
`Support`
`costs (see`
`note 6)`
`£`
`773,125`|
|---|---|
```
continued...
```
```
Page 14
```
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
CLUB
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`6. SUPPORT COSTS`**
|**`SUPPORT COSTS`**|||
|---|---|---|
|||`Governanc`|
|||`costs`|
|||`£`|
|`Childcare`||`773,125`|
|**`NET INCOME/(EXPENDITURE)`**|||
|`Net income/(expenditure) is stated after charging/(crediting):`|||
||`2025`|`2024`|
||`£`|`£`|
|`Depreciation - owned assets`|`7,758`|`9,766`|
## **`7. NET INCOME/(EXPENDITURE)`**
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
C F Boddington,S J Driscoll,S MGallear,S ThomasandJ Walterswereemployeesandtrustees of
thecharityduringtheyear.Theemployeeswerepaidsolelyfortheirrolesin childcare,
managementandadministration.Noremunerationorbenefitsweregivenforactingas a
trustee of the charity.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31stAugust2025norforthe year
ended 31st August 2024.
```
## **`9. STAFF COSTS`**
|`Wages and salaries`|`2025`
`£`
`670,456`
`670,456`|`2024`
`£`
`579,355`|
|---|---|---|
|||`579,355`|
```
The average monthly number of employees during the year was as follows:
```
|`Manager`
`Deputy Manager`
`Supervisor`
`Assistant`
`Auxiliary`|`2025`
`1`
`4`
`2`
`31`
`5`
`43`|`2024`
`1`
`5`
`1`
`27`
`6`|
|---|---|---|
|||`40`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 15
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`Childcare`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Childcare`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`11.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1st September 2024 and`
`31st August 2025`
**`DEPRECIATION`**
`At 1st September 2024`
`Charge for year`
`At 31st August 2025`
**`NET BOOK VALUE`**
`At 31st August 2025`
`At 31st August 2024`|`Fixtures`
`and`
`fittings`
`£`
`109,643`
`96,543`
`3,276`
`99,819`
`9,824`
`13,100`|`Unrestricted`
`Restricted`
`fund`
`funds`
`£`
`£`
`557,554`
`137,919`
`351`
`-`
`557,905`
`137,919`
`509,400`
`173,820`
`48,505`
`(35,901)`
`(40,973)`
`40,973`
`7,532`
`5,072`
`77,856`
`(18,463)`
`85,388`
`(13,391)`
`Motor`
`Office`
`vehicles`
`equipment`
`£`
`£`
`30,165`
`2,012`
`13,065`
`1,179`
`4,275`
`207`
`17,340`
`1,386`
`12,825`
`626`
`17,100`
`833`|`Total`
`funds`
`£`
`695,473`
`351`
`695,824`
`683,220`
`12,604`
`-`
`12,604`
`59,393`
`71,997`
`Totals`
`£`
`141,820`
`110,787`
`7,758`
`118,545`
`23,275`
`31,033`|`Total`
`funds`
`£`
`695,473`
`351`|
|---|---|---|---|---|
|||||`695,824`|
|||||`683,220`|
|||||`12,604`
`-`|
|||||`12,604`
`59,393`|
|||||`71,997`|
```
continued...
```
```
Page 16
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
|**`12.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`Prepayments`
**`13.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Bank loans and overdrafts (see note 15)`
`Social security and other taxes`
`Other creditors`
`Accruals and deferred income`
**`14.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Bank loans (see note 15)`
**`15.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank loans`
`Amounts falling between one and two years:`
`Bank loans`
`Amounts falling due between two and five years:`
`Bank loans`|`2025`
`£`
`39,407`
`883`
`3,679`
`43,969`
`2025`
`£`
`6,438`
`8,299`
`9,004`
`8,304`
`32,045`
`2025`
`£`
`3,786`
`2025`
`£`
`6,438`
`3,786`
`-`|`2024`
`£`
`33,076`
`3,600`
`3,674`|`2024`
`£`
`33,076`
`3,600`
`3,674`|
|---|---|---|---|
|||`40,350`||
|||`2024`
`£`
`5,989`
`3,322`
`9,954`
`8,876`||
|||`28,141`||
|||`2024`
`£`
`10,476`||
||||`2024`
`£`
`5,989`|
||||`6,409`|
||||`4,067`|
```
continued...
```
```
Page 17
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`16. MOVEMENT IN FUNDS`**
|**`MOVEMENT IN FUNDS`**|||||
|---|---|---|---|---|
|||`Net`|`Transfers`||
|||`movement`|`between`|`At`|
||`At 1.9.24`|`in funds`|`funds`|`31.8.25`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`85,388`|`(1,060)`|`(32,613)`|`51,715`|
|**`Restricted funds`**|||||
|`Restricted fund`|`(15,690)`|`(26,567)`|`32,613`|`(9,644)`|
|`Other fixed assets`|`2,299`|`(575)`|`-`|`1,724`|
||`(13,391)`|`(27,142)`|`32,613`|`(7,920)`|
|**`TOTAL FUNDS`**|`71,997`|`(28,202)`|`-`|`43,795`|
|`Net movement in funds, included in the above are as`||`follows:`|||
|||`Incoming`|`Resources`|`Movement`|
|||`resources`|`expended`|`in funds`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`||`560,813`|`(561,873)`|`(1,060)`|
|**`Restricted funds`**|||||
|`Restricted fund`||`184,110`|`(210,677)`|`(26,567)`|
|`Other fixed assets`||`-`|`(575)`|`(575)`|
|||`184,110`|`(211,252)`|`(27,142)`|
|**`TOTAL FUNDS`**||`744,923`|`(773,125)`|`(28,202)`|
```
continued...
```
```
Page 18
```
```
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CLUB
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`16. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|||`Net`|`Transfers`||
|---|---|---|---|---|
|||`movement`|`between`|`At`|
||`At 1.9.23`|`in funds`|`funds`|`31.8.24`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`77,856`|`48,505`|`(40,973)`|`85,388`|
|**`Restricted funds`**|||||
|`Restricted fund`|`(21,528)`|`(35,135)`|`40,973`|`(15,690)`|
|`Other fixed assets`|`3,065`|`(766)`|`-`|`2,299`|
||`(18,463)`|`(35,901)`|`40,973`|`(13,391)`|
|**`TOTAL FUNDS`**|`59,393`|`12,604`|`-`|`71,997`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted fund`
`Other fixed assets`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`557,905`
`(509,400)`
`48,505`
`137,919`
`(173,054)`
`(35,135)`
`-`
`(766)`
`(766)`
`137,919`
`(173,820)`
`(35,901)`
`695,824`
`(683,220)`
`12,604`|
|---|---|
```
continued...
```
```
Page 19
```
```
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`17. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31st August 2025.
```
## **`18. FLYING START`**
```
Therestrictedfundisbasedonmoneyreceivedfrom'FlyingStart',agovernment initiative
implementedinareasof economicdifficultyandisusedtoprovidepreschooleducation. Funds
receivedfromTheDevelopmentBankofWales,specificallyforthepurposesof replenishing
reserves also form part of the restricted fund.
```
## **`19. LIABILITY OF MEMBERS`**
```
Everymemberofthecharityundertakestocontributesuchamountasmayberequired (not
exceeding£1)tothecharity'sassetsifitshouldbewoundupwhilehe/sheisamemberor within
oneyearafterhe/sheceasestobeamember,forthepaymentofthecharity'sdebts and
liabilitiescontractedbeforehe/sheceasestobeamember,andofthecosts,charges nad
expenses of winding up, and for the adjustment rights of the contributors among themselves.
```
```
Page 20
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`CLUB`**
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Investment income`**
`Deposit account interest`
**`Charitable activities`**
`Fundraising`
`30 Hours`
`Fees`
`Flying Start`
`Grants`
`Assisted Places`
`Sundry income`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Support costs`**
**`Governance costs`**
`Wages`
`Accountancy fees`
`Groceries`
`Training`
`Fuel/Escorts`
`Admin`
`Rent`
`Licences`
`Membership`
`Trips/Treats`
`Uniform`
`Equipment`
`Insurance`
`Utilities`
`Building`
`Carried forward`|`2025`
`£`
`692`
`132`
`201`
`141,077`
`366,671`
`184,110`
`1,588`
`50,202`
`250`
`744,099`
`744,923`
`670,456`
`4,200`
`22,038`
`1,010`
`7,564`
`6,547`
`16,931`
`175`
`274`
`135`
`1,083`
`2,585`
`1,843`
`11,796`
`13,045`
`759,682`|`2024`
`£`
`-`
`351`
`263`
`152,183`
`337,992`
`129,919`
`36,888`
`38,228`
`-`|
|---|---|---|
|||`695,473`|
|||`695,824`
`579,355`
`3,000`
`19,621`
`1,380`
`7,459`
`6,395`
`17,043`
`367`
`88`
`305`
`-`
`3,720`
`1,962`
`10,790`
`12,444`
`663,929`|
```
This page does not form part of the statutory financial statements
```
```
Page 21
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 31ST AUGUST 2025`**|||
|---|---|---|
|**`Governance costs`**
`Brought forward`
`Resources and consumables`
`Sundry expenses`
`Depreciation`
`(Profit)/Loss on disposal of fixed assets`
`Donations`
`Bank interest`
`Bank loan interest`
`Bad debts`
`Total resources expended`
**`Net (expenditure)/income`**|`2025`
`£`
`759,682`
`1,730`
`47`
`7,758`
`-`
`253`
`283`
`912`
`2,460`
`773,125`
`773,125`
`(28,202)`|`2024`
`£`
`663,929`
`2,854`
`67`
`9,766`
`876`
`403`
`324`
`1,327`
`3,674`|
|||`683,220`|
|||`683,220`|
|||`12,604`|
```
This page does not form part of the statutory financial statements
```
```
Page 22
```
```
REGISTERED COMPANY NUMBER: 06495575 (England and Wales)
REGISTERED CHARITY NUMBER: 1126728
```
## **`REPORT OF THE TRUSTEES AND`**
## **`FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`FOR`**
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
CLUB
```
```
Green & Co
Accountants and Tax Advisors
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU
```
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
CLUB
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 5`|
|**`Independent Examiner's Report`**|`6 to 7`|
|**`Statement of Financial Activities`**|`8`|
|**`Balance Sheet`**|`9 to 10`|
|**`Cash Flow Statement`**|`11`|
|**`Notes to the Cash Flow Statement`**|`12`|
|**`Notes to the Financial Statements`**|`13 to 20`|
|**`Detailed Statement of Financial Activities`**|`21 to 22`|
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stAugust2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`At Busy Bees we aim to:-`**
```
o Promote a community ethos where adults and children can reach their full potential.
oProvideawarm,caring,inclusiveandfamilyenvironmentforchildrenaged0-11years, where
eachchildandadultistreatedasanindividualandtheiruniquequalitiesarerecognised and
celebrated.
```
```
oToenablechildren'slearningbyprovidingexperiencesandopportunitiesthatarefun, stimulating
and appropriate.
```
## **`Ensuring our work delivers our aims`**
```
oContinuallymonitoringlocaldemandsandrequirementssowecanofferaservicethatis flexible
and accessible.
```
```
oLiaisingwithmembersofthecommunitysuchasHealthvisitorsandschoolrepresentatives,as well
as employers, trade associations and local community groups.
```
```
o Ensuring our facilities are safe and secure and an appropriate environment for our activities.
```
## **`How our activities deliver public benefit`**
```
oAffordablequalitychildcareenablesparentstocontinueorreturntowork,improvetheirskills with
trainingandfurthereducation.Thisincludesescortingchildrentoandfromschoolandnursery for
parents that would be unable to work without our services.
```
```
o Allowing community groups to utilise our facilities to run activities and meetings.
oSupportingfamiliesinneedofrespiteorchildcaretoenablethemtobettertheirqualityoflife for
themselves and their children.
```
```
oActivelyemployinglocalpeopleandprovidingonthejobtrainingandexperienceopportunities for
students.
```
```
oWorkingintandemwithlocalhealthprofessionalstotargetfamiliesinneedanddeliveringa service
that improves the quality of life of the whole family.
```
```
Page 1
```
```
CLUB
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`STRATEGIC REPORT`**
## **`Financial position`**
```
Overall,financesremainstable;howevertherehavebeencash-flowissues.Itisessentialthat Flying
Startregisters,Childcareofferregistersandinvoicesaresentoutasearlyaspossibleto maintain
financial stability.
```
```
ThereductionoftheNationalInsurancethresholdforemployershashadasignificantimpact, resulting
inapproximately£30,000inadditionalcosts.Whiletheincreaseintheminimumwageswas less
substantialthaninthepreviousyear,westillhadtoimplementa15%feeincreasetooffset rising
expenses.
```
```
Between2023/24and2024/25,wagesroseby13%.Wehaveworkedhardtomanagethesecosts by
reducing staff hours where appropriate while maintaining high-quality care.
```
```
Feesincreasedby12%,andthefundingratefortheChildcareofferalsorose.Thishascontributed to
improvedsustainability;however,thefundingratepaidremains£1.40perhourbelowour standard
nursery charges.
```
```
Wecontinuetorepayourremainingloan,with£10,224outstanding.Atthecurrentrate,weexpect this
loan to be fully repaid within two years.
```
```
During this year, we received only a small amount of grant funding towards Healthy Eating.
```
```
Closemonitoringoffinancesisneededtocontinuetomanageincomeandwages.Thisis always
difficultduetothefluctuatingnumbersofchildrenattending.Unpaidchildcarefeescontinueto place
strainoncashflow.SinceMarch2025,wehavestrengthenedourfee-collectionprocedures, issuing
numerouswithdrawalnoticesanddecliningcareforfamilieswithsignificantarrears.Legalaction will
now be pursued where fees remain unpaid.
```
```
Fundraisingwaslimitedoverthepast12months,duetovariousconstraints.Whilewemaylook at
increasingfundraisingeffortsmovingforward,thisdependsonstaffcapacityoutsideofwork hours,
which remaining challenging.
```
```
Lookingahead,weneedtocarefullymanagestaffingcostsandcontinuetotakeafirmapproach to
debtrecovery.Projectionsforthecomingyeararegenerallypositive,withtheusual challenges
expected in the period immediately before Flying Start funding is received.
```
## **`Principal funding sources`**
```
Asidefromtheprincipalincomegeneratedbytheservicesweprovide,wecontinueto receive
fundingfromTorfaenCountyBoroughCounciltoprovideFreeFlyingStartpreschoolplaceswithin both
BusyBeesBlaenavonandatBICC,andfromSeptember2018manyfamilieshaveaccessedtheFree 30
Hours childcare offer.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Theorganisationisacharitablecompanylimitedbyguarantee,incorporatedonthe6thof February
2008andregisteredasacharityonthe30thofJune2008.Thecompanywasestablishedunder a
MemorandumofAssociationwhichestablishedtheobjectsandpowersofthecharitable company
andisgovernedunderitsArticlesofAssociation.Intheeventofthecompanybeingwound up
members are required to contribute an amount not exceeding £1.
```
```
Page 2
```
```
CLUB
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Recruitment and appointment of Management Committee`**
```
Someofthedirectorsofthecompanyarealsocharitytrusteesforthepurposesofcharity law.Under
thecompany’sArticlesdirectors/trusteesareknownasmembersoftheManagement committee.All
membersoftheManagementCommitteegivetheirtimevoluntarilyandreceivenobenefitfrom the
charity.
```
```
TheManagementBoardhasa mixof parentsandstafftoensurethatallaspectsarecoveredand that
it can be functional as a Board.
```
## **`Organisational structure`**
```
BusyBeeshasaManagementBoardofeightmemberswhomeetmonthlyandareresponsiblefor the
strategicdirectionandpolicyofthecharity.TheManagementBoardatpresenthasseveral members
fromprofessionalbackgroundsandseveralwhodonotinordertofullyrepresentthecommunity we
support.
```
```
AManagementstructureisinplace.Daytodayresponsibilityforsmoothrunningrestswiththe Nursery
Manager,supportedbytheRegisteredIndividualanddeputymanagers.TheNurseryManager reports
to the Management Board.
```
## **`Responsibilities of the Management Committee`**
```
CompanylawrequirestheManagementCommitteetopreparefinancialstatementsfor each
financialyearwhichgiveatrueandfairviewoftheaffairsofthecompanyasatthebalance sheet
dateandofitsincomingresourcesandapplicationofresources,includingincomeand expenditure,
forthefinancialyear.Inpreparingthosefinancialstatements,themanagementboardshould follow
bestpracticesandselectsuitableaccountingpoliciesandthenapplythemconsistently, make
judgementsandestimatesthatarereasonableandprudent;preparethefinancialstatementson the
goingconcernbasisunlessitisnotappropriatetoassumethatthecompanywillcontinueon that
basis.
```
```
Themanagementboardisresponsibleformaintainingproperaccountingrecordswhichdisclose with
reasonableaccuracyatanytimethefinancialpositionofthecharitablecompanyandto enable
themtoensurethatthefinancialstatementscomplywiththeCompaniesAct2006.The Management
Boardisalsoresponsibleforsafeguardingtheassetsofthecharitablecompanyandhencefor taking
reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
MembersoftheManagementCommittee,whoaredirectorsforthepurposeofcompanylaw, Tom
andSuearealsotrusteesforthepurposeofcharitylaw,whoservedduringtheyearandupto the
date of this report.
```
```
Inaccordancewithcompanylaw,asthecompanydirectors,wecertifythat;sofarasweare aware,
thereisnorelevantinformationofwhichthecompanydirectorsareunaware;andasthedirectors of
thecompanywehavetakenallthestepsthatweoughttohavetakeninordertomake ourselves
awareofanyrelevantinformationandtoestablishthatthemanagementboardisawareof that
information.
```
## **`Related parties`**
- `•- Wales PPA`
- `•- Clybiau Plant Cymru Kids Club`
- `•- National Day Nurseries Association`
```
Page 3
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`CLUB`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
Daytodayriskassessmentproceduresandpoliciesareinoperationthroughoutthenursery.These are
maintainedandreviewedbytheManager.Proceduresareinplacetoensurecompliancewith health
andsafetyofstaff,volunteers,clientsandvisitorstothebuildingandtothesatellitegroupBusyBees @
BICC.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
06495575 (England and Wales)
```
## **`Registered Charity number`**
```
1126728
```
## **`Registered office`**
```
Busy Bees Park Street
Blaenavon
Pontypool
Torfaen
NP4 9AA
```
## **`Trustees`**
```
C F Boddington Finance officer
S J Driscoll Nursery Manager
S M Gallear Childcare
T R Wood Director
S Thomas Childcare Practitioner
R C Redman Accountant
E Livings Dance Teacher (resigned 20.1.25)
J Walters Childcare Practitioner
```
## **`Company Secretary`**
```
C F Boddington
```
## **`Independent Examiner`**
```
Scott Harris FCCA
Green & Co
Accountants and Tax Advisors
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU
```
```
Page 4
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
```
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees, as
the company directors, on 3rd February 2026 and signed on the board's behalf by:
```
```
C F Boddington - Trustee
```
```
Page 5
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`CLUB`**
## **`Independent examiner's report to the trustees of Busy Bees Blaenavon Day Nursery And Kids Club ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st August 2025.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw) you
areresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunder Part
16ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectofmy examination
ofyourcharity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act'). In
carryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommission under
Section 145(5) (b) of the 2011 Act.
```
```
Page 6
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofa listed
body.IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberof the
Association of Chartered Certified Accountants, which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattention in
connection with the examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexamination to
whichattentionshouldbedrawninthisreportinordertoenableaproperunderstandingof the
accounts to be reached.
```
```
Scott Harris FCCA
```
```
Green & Co
Accountants and Tax Advisors
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU
```
```
3rd February 2026
```
```
Page 7
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`692`
**`Charitable activities`**
`4`
`Childcare`
`559,989`
`Investment income`
`3`
`132`
**`Total`**
`560,813`
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`Childcare`
`561,874`
**`NET INCOME/(EXPENDITURE)`**
`(1,061)`
**`Transfers between funds`**
`16`
`(32,613)`
**`Net movement in funds`**
`(33,674)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`85,388`
**`TOTAL FUNDS CARRIED FORWARD`**
`51,714`|`Restricted`
`funds`
`£`
`-`
`184,110`
`-`
`184,110`
`211,251`
`(27,141)`
`32,613`
`5,472`
`(13,391)`
`(7,919)`|`2025`
`Total`
`funds`
`£`
`692`
`744,099`
`132`
`744,923`
`773,125`
`(28,202)`
`-`
`(28,202)`
`71,997`
`43,795`|`2024`
`Total`
`funds`
`£`
`-`
`695,473`
`351`|
|---|---|---|---|
||||`695,824`|
||||`683,220`|
||||`12,604`
`-`|
||||`12,604`
`59,393`|
||||`71,997`|
```
The notes form part of these financial statements
```
```
Page 8
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`BALANCE SHEET 31ST AUGUST 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`11`
`20,971`
**`CURRENT ASSETS`**
`Debtors`
`12`
`43,969`
`Cash at bank and in hand`
`12,382`
`56,351`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
`(25,607)`
**`NET CURRENT ASSETS/(LIABILITIES)`**
`30,744`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`51,715`
**`CREDITORS`**
`Amounts falling due after more than one`
`year`
`14`
`-`
**`NET ASSETS`**
`51,715`
**`FUNDS`**
`16`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
`2,304`
`-`
`-`
`-`
`(6,438)`
`(6,438)`
`(4,134)`
`(3,786)`
`(7,920)`|`2025`
`Total`
`funds`
`£`
`23,275`
`43,969`
`12,382`
`56,351`
`(32,045)`
`24,306`
`47,581`
`(3,786)`
`43,795`
`51,715`
`(7,920)`
`43,795`|`2024`
`Total`
`funds`
`£`
`31,033`
`40,350`
`39,231`
`79,581`
`(28,141)`
`51,440`
`82,473`
`(10,476)`
`71,997`
`85,388`
`(13,391)`
`71,997`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompanies Act
2006 for the year ended 31st August 2025.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfor the
year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 9
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`BALANCE SHEET - continued 31ST AUGUST 2025`**
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
3rd February 2026 and were signed on its behalf by:
```
```
S J Driscoll - Trustee
```
```
The notes form part of these financial statements
```
```
Page 10
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2025`**
|`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Interest paid`
`Net cash used in operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Interest received`
`Net cash provided by/(used in) investing activities`
**`Cash flows from financing activities`**
`Loan repayments in year`
`Net cash used in financing activities`
**`Change in cash and cash equivalents`**
**`in the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the end`**
**`of the reporting period`**|`2025`
`£`
`(20,740)`
`912`
`(19,828)`
`-`
`132`
`132`
`(7,153)`
`(7,153)`
`(26,849)`
`39,231`
`12,382`|`2024`
`£`
`(33,126)`
`1,327`
`(31,799)`
`(27,158)`
`351`
`(26,807)`
`(7,423)`
`(7,423)`
`(66,029)`
`105,260`
`39,231`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 11
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
|**`Net (expenditure)/income for the reporting period (as per the`**
**`Statement of Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Loss on disposal of fixed assets`
`Interest received`
`Increase in debtors`
`Increase/(decrease) in creditors`
**`Net cash used in operations`**|`2025`
`£`
`(28,202)`
`7,758`
`-`
`(132)`
`(3,619)`
`3,455`
`(20,740)`|`2024`
`£`
`12,604`
`9,766`
`876`
`(351)`
`(21,215)`
`(34,806)`
`(33,126)`|
|---|---|---|
## **`2. ANALYSIS OF CHANGES IN NET FUNDS`**
||`At 1.9.24`|`Cash flow`|`At 31.8.25`|
|---|---|---|---|
||`£`|`£`|`£`|
|**`Net cash`**||||
|`Cash at bank and in hand`|`39,231`|`(26,849)`|`12,382`|
||`39,231`|`(26,849)`|`12,382`|
|**`Debt`**||||
|`Debts falling due within 1 year`|`(5,989)`|`(449)`|`(6,438)`|
|`Debts falling due after 1 year`|`(10,476)`|`6,690`|`(3,786)`|
||`(16,465)`|`6,241`|`(10,224)`|
|**`Total`**|`22,766`|`(20,608)`|`2,158`|
```
The notes form part of these financial statements
```
```
Page 12
```
```
BUSY BEES BLAENAVON DAY NURSERY AND KIDS
```
```
CLUB
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunder FRS
102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102 'The
FinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhas entitlement
tothefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomic benefits
willberequiredinsettlementandtheamountoftheobligationcanbemeasured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributed to
particularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```
```
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Office equipment- 20% on cost
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthe discretion
of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.
```
```
continued...
```
```
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```
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## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
**`3.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`4.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Fundraising`
`Childcare`
`30 Hours`
`Childcare`
`Fees`
`Childcare`
`Flying Start`
`Childcare`
`Grants`
`Childcare`
`Assisted Places`
`Childcare`
`Sundry income`
`Childcare`
**`5.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Childcare`|`2025`
`2024`
`£`
`£`
`692`
`-`
`2025`
`2024`
`£`
`£`
`132`
`351`
`2025`
`2024`
`£`
`£`
`201`
`263`
`141,077`
`152,183`
`366,671`
`337,992`
`184,110`
`129,919`
`1,588`
`36,888`
`50,202`
`38,228`
`250`
`-`
`744,099`
`695,473`
`Support`
`costs (see`
`note 6)`
`£`
`773,125`|
|---|---|
```
continued...
```
```
Page 14
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`6. SUPPORT COSTS`**
|**`SUPPORT COSTS`**|||
|---|---|---|
|||`Governanc`|
|||`costs`|
|||`£`|
|`Childcare`||`773,125`|
|**`NET INCOME/(EXPENDITURE)`**|||
|`Net income/(expenditure) is stated after charging/(crediting):`|||
||`2025`|`2024`|
||`£`|`£`|
|`Depreciation - owned assets`|`7,758`|`9,766`|
## **`7. NET INCOME/(EXPENDITURE)`**
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
C F Boddington,S J Driscoll,S MGallear,S ThomasandJ Walterswereemployeesandtrustees of
thecharityduringtheyear.Theemployeeswerepaidsolelyfortheirrolesin childcare,
managementandadministration.Noremunerationorbenefitsweregivenforactingas a
trustee of the charity.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31stAugust2025norforthe year
ended 31st August 2024.
```
## **`9. STAFF COSTS`**
|`Wages and salaries`|`2025`
`£`
`670,456`
`670,456`|`2024`
`£`
`579,355`|
|---|---|---|
|||`579,355`|
```
The average monthly number of employees during the year was as follows:
```
|`Manager`
`Deputy Manager`
`Supervisor`
`Assistant`
`Auxiliary`|`2025`
`1`
`4`
`2`
`31`
`5`
`43`|`2024`
`1`
`5`
`1`
`27`
`6`|
|---|---|---|
|||`40`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 15
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`Childcare`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Childcare`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`11.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1st September 2024 and`
`31st August 2025`
**`DEPRECIATION`**
`At 1st September 2024`
`Charge for year`
`At 31st August 2025`
**`NET BOOK VALUE`**
`At 31st August 2025`
`At 31st August 2024`|`Fixtures`
`and`
`fittings`
`£`
`109,643`
`96,543`
`3,276`
`99,819`
`9,824`
`13,100`|`Unrestricted`
`Restricted`
`fund`
`funds`
`£`
`£`
`557,554`
`137,919`
`351`
`-`
`557,905`
`137,919`
`509,400`
`173,820`
`48,505`
`(35,901)`
`(40,973)`
`40,973`
`7,532`
`5,072`
`77,856`
`(18,463)`
`85,388`
`(13,391)`
`Motor`
`Office`
`vehicles`
`equipment`
`£`
`£`
`30,165`
`2,012`
`13,065`
`1,179`
`4,275`
`207`
`17,340`
`1,386`
`12,825`
`626`
`17,100`
`833`|`Total`
`funds`
`£`
`695,473`
`351`
`695,824`
`683,220`
`12,604`
`-`
`12,604`
`59,393`
`71,997`
`Totals`
`£`
`141,820`
`110,787`
`7,758`
`118,545`
`23,275`
`31,033`|`Total`
`funds`
`£`
`695,473`
`351`|
|---|---|---|---|---|
|||||`695,824`|
|||||`683,220`|
|||||`12,604`
`-`|
|||||`12,604`
`59,393`|
|||||`71,997`|
```
continued...
```
```
Page 16
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
|**`12.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`Prepayments`
**`13.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Bank loans and overdrafts (see note 15)`
`Social security and other taxes`
`Other creditors`
`Accruals and deferred income`
**`14.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Bank loans (see note 15)`
**`15.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank loans`
`Amounts falling between one and two years:`
`Bank loans`
`Amounts falling due between two and five years:`
`Bank loans`|`2025`
`£`
`39,407`
`883`
`3,679`
`43,969`
`2025`
`£`
`6,438`
`8,299`
`9,004`
`8,304`
`32,045`
`2025`
`£`
`3,786`
`2025`
`£`
`6,438`
`3,786`
`-`|`2024`
`£`
`33,076`
`3,600`
`3,674`|`2024`
`£`
`33,076`
`3,600`
`3,674`|
|---|---|---|---|
|||`40,350`||
|||`2024`
`£`
`5,989`
`3,322`
`9,954`
`8,876`||
|||`28,141`||
|||`2024`
`£`
`10,476`||
||||`2024`
`£`
`5,989`|
||||`6,409`|
||||`4,067`|
```
continued...
```
```
Page 17
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`16. MOVEMENT IN FUNDS`**
|**`MOVEMENT IN FUNDS`**|||||
|---|---|---|---|---|
|||`Net`|`Transfers`||
|||`movement`|`between`|`At`|
||`At 1.9.24`|`in funds`|`funds`|`31.8.25`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`85,388`|`(1,060)`|`(32,613)`|`51,715`|
|**`Restricted funds`**|||||
|`Restricted fund`|`(15,690)`|`(26,567)`|`32,613`|`(9,644)`|
|`Other fixed assets`|`2,299`|`(575)`|`-`|`1,724`|
||`(13,391)`|`(27,142)`|`32,613`|`(7,920)`|
|**`TOTAL FUNDS`**|`71,997`|`(28,202)`|`-`|`43,795`|
|`Net movement in funds, included in the above are as`||`follows:`|||
|||`Incoming`|`Resources`|`Movement`|
|||`resources`|`expended`|`in funds`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`||`560,813`|`(561,873)`|`(1,060)`|
|**`Restricted funds`**|||||
|`Restricted fund`||`184,110`|`(210,677)`|`(26,567)`|
|`Other fixed assets`||`-`|`(575)`|`(575)`|
|||`184,110`|`(211,252)`|`(27,142)`|
|**`TOTAL FUNDS`**||`744,923`|`(773,125)`|`(28,202)`|
```
continued...
```
```
Page 18
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## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`16. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|||`Net`|`Transfers`||
|---|---|---|---|---|
|||`movement`|`between`|`At`|
||`At 1.9.23`|`in funds`|`funds`|`31.8.24`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`77,856`|`48,505`|`(40,973)`|`85,388`|
|**`Restricted funds`**|||||
|`Restricted fund`|`(21,528)`|`(35,135)`|`40,973`|`(15,690)`|
|`Other fixed assets`|`3,065`|`(766)`|`-`|`2,299`|
||`(18,463)`|`(35,901)`|`40,973`|`(13,391)`|
|**`TOTAL FUNDS`**|`59,393`|`12,604`|`-`|`71,997`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted fund`
`Other fixed assets`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`557,905`
`(509,400)`
`48,505`
`137,919`
`(173,054)`
`(35,135)`
`-`
`(766)`
`(766)`
`137,919`
`(173,820)`
`(35,901)`
`695,824`
`(683,220)`
`12,604`|
|---|---|
```
continued...
```
```
Page 19
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```
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## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`17. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31st August 2025.
```
## **`18. FLYING START`**
```
Therestrictedfundisbasedonmoneyreceivedfrom'FlyingStart',agovernment initiative
implementedinareasof economicdifficultyandisusedtoprovidepreschooleducation. Funds
receivedfromTheDevelopmentBankofWales,specificallyforthepurposesof replenishing
reserves also form part of the restricted fund.
```
## **`19. LIABILITY OF MEMBERS`**
```
Everymemberofthecharityundertakestocontributesuchamountasmayberequired (not
exceeding£1)tothecharity'sassetsifitshouldbewoundupwhilehe/sheisamemberor within
oneyearafterhe/sheceasestobeamember,forthepaymentofthecharity'sdebts and
liabilitiescontractedbeforehe/sheceasestobeamember,andofthecosts,charges nad
expenses of winding up, and for the adjustment rights of the contributors among themselves.
```
```
Page 20
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS`**
## **`CLUB`**
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Investment income`**
`Deposit account interest`
**`Charitable activities`**
`Fundraising`
`30 Hours`
`Fees`
`Flying Start`
`Grants`
`Assisted Places`
`Sundry income`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Support costs`**
**`Governance costs`**
`Wages`
`Accountancy fees`
`Groceries`
`Training`
`Fuel/Escorts`
`Admin`
`Rent`
`Licences`
`Membership`
`Trips/Treats`
`Uniform`
`Equipment`
`Insurance`
`Utilities`
`Building`
`Carried forward`|`2025`
`£`
`692`
`132`
`201`
`141,077`
`366,671`
`184,110`
`1,588`
`50,202`
`250`
`744,099`
`744,923`
`670,456`
`4,200`
`22,038`
`1,010`
`7,564`
`6,547`
`16,931`
`175`
`274`
`135`
`1,083`
`2,585`
`1,843`
`11,796`
`13,045`
`759,682`|`2024`
`£`
`-`
`351`
`263`
`152,183`
`337,992`
`129,919`
`36,888`
`38,228`
`-`|
|---|---|---|
|||`695,473`|
|||`695,824`
`579,355`
`3,000`
`19,621`
`1,380`
`7,459`
`6,395`
`17,043`
`367`
`88`
`305`
`-`
`3,720`
`1,962`
`10,790`
`12,444`
`663,929`|
```
This page does not form part of the statutory financial statements
```
```
Page 21
```
## **`BUSY BEES BLAENAVON DAY NURSERY AND KIDS CLUB`**
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 31ST AUGUST 2025`**|||
|---|---|---|
|**`Governance costs`**
`Brought forward`
`Resources and consumables`
`Sundry expenses`
`Depreciation`
`(Profit)/Loss on disposal of fixed assets`
`Donations`
`Bank interest`
`Bank loan interest`
`Bad debts`
`Total resources expended`
**`Net (expenditure)/income`**|`2025`
`£`
`759,682`
`1,730`
`47`
`7,758`
`-`
`253`
`283`
`912`
`2,460`
`773,125`
`773,125`
`(28,202)`|`2024`
`£`
`663,929`
`2,854`
`67`
`9,766`
`876`
`403`
`324`
`1,327`
`3,674`|
|||`683,220`|
|||`683,220`|
|||`12,604`|
```
This page does not form part of the statutory financial statements
```
```
Page 22
```