REGISTERED COMPANY NUMBER: 06871339 (England and Wgles) REGISTERED CHARITY NUMBER: 1130042 Report of the Trustees And Unaudited FinaneiAI Statements for the Ye*r Ended 31 March 2025 for Opportunlties for Adventure. Knowledge and Skills Ltd (a company limited by guarantee) Streets Dyke Rus¢oe Lid I l O Corve Sireel Ludlow SHROPSHIRE SY8 IDJ
Opportunities for Adventure, Knowledge 2nd Skills Ltd (a eompAny limitÈd by guarantee) Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report StAtement of FinAneiAI Activitie$ B*lAnce Sheet Notes to the FinAneial Statements 12 to 19
Opportunities for Adventure, Knowledge and Skills Ltd (4 company limited by guarantee) Report of the Tru$tees for the Year Ended 31 March 2025 The trustees who are also dir¢¢tors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 Mar¢h 2025. The trustees have adopted the provisioiis of Accounting and Reporting by Charities: Statement of Recominended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard appli¢ablc in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcfiviTIES Objectives and aims To provide the necessary facilities for the daily care, recreation and educaiion for children. The relief of children with special necds and their carers by the provisioii of educalioiial and play facilities, carer support and infornialion. To advance the knowledge and education of the public in matters relating to childcare and pareniing. Public benefit The Irustees have had regard to the Charity Commission's guidance on public benefil and provide sllPPOrt, education and play for children giving thein an opportunity to achieve Iheir poiential and to succeed. They provide support to local families enabling them to have an opportunity to provide the education and play that their family needs. Page
Opportunities for Adventure, Knowledge nd Skills Ltd (a company limited by guarantee) Report of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE The start to our 2024 financial year saw continued implementation of signifi¢ant changes to the inspection framework for early years and changes to our siatutory document for nursery The Early Years Foundation Stage. The Nursery team continued to work on developing their skills and practice and fonning a strong team. We saw an increase in our ¢omniunity work during this year. particularly over the autumn and winter months when families were struggling with the cost of living. We were able to reach a good cross se¢lion of the community including families from a#S of deprivation, young people, and those with di5abilitie5. The end of the year we saw the government rush lo introduce the rirsl phases of the extended funded offer for children aged 2 years plu5 causing significant pressure for the early years sector as a whole. The main achi¢v¢ments of the charity includ¢'. The conlinuing provision of support, education and play within the childcare facilities at Coningsby Road, Leominster: - Honey Bees Day Nursery - OAKS Holiday Club Foresl school sessions Parent and Child group Support for children with Special Edu¢ation Need and Disabilities Continuing to support the 'Holiday Food and Activity, {HAF) Scheme for children in receipt of free school meals. Supporting Faniily Fridays and Breakfasi Saturdays {funded by the Household Support Grant and Police Commissioners Community Fund), providing a warm space for families of all ages. crafts. outdoor play and hot food. This financial year we have again been privileged to continue to be part the national Holiday, Food and Activity Scheme IHAFI. This is intended to support children in receipt of free school meals during the school holidays, across the county to acces5; healthy food. to be active. to take part in enriching a¢tivilies. build social conlacls. build families understanding of health and nutrition. as well as signposting families to other services as required such a5 health, edu¢ation or employment. This proje¢l has continued lo complement our holiday ¢lub provision by providing an inclusive environment for all hildr¢n regardles5 of background or disability. We have also been able lo support families through the winter with a Winter of Wellbeing grant via Herefordshirc Council's Household Support fund funded by the departmenl of Work and pensions. Alongside a grant from Police Commissioners Community Fund. we were able to deliver 14 sessions between I st November and ¢nd of March 25. This enabled us lo support families with hol food provision during winter months. We were supporting a large numbers of families and over tliis period we provide over 660 meals to families in the area. Familie5 commented on how much they appreciated the support during rising c05ts as well as the opportunity to socialise when there is little to do in the area. Financially th¢re hav¢ been significant pressures placed on the charity. The rising cost of salaries beyond the income from government funded places has continued to be a ¢hallenge for the early years 5e¢tor nationally as well as ourselves. The new early years inspection framework and continu¢d changes coming in wilh a fast role out of the ext¢nd¢d funded entitlem¢nl and has given additional challenges to end the year. We have still had a positive year financially but acknowledge that the government funding is not covering costs moving forward. We will keep abreast of the national pressures against the government funding policies in the nursery sector over the coming year. Helping children with medical needs I Special Educational Needs (SEN) Page 2
Opportunities for Adventure, Knowledge and Skills Ltd (a company limited by guaTantee) Report of the Trustees for the Year Ended 31 March 2025 We continue to work with children who have medical, SEND (Special Educational Needs and Disabilities) and additional needs. We continue to aim to ensure that these children have the same opportunities as their peers. In¢reases of children using all of our services Witli special educational needs have continued this year as l)av¢ the increases of children behind in developinent wlien starting in nursery. We continue lo find way5 of supportiiig these children and have adapted aspects of our services to meet need. We have an eiirichmenl group several mornings a week in nursery to support Children with more complex needs to regulate before joining the main group. We have also continued with a separate group running alongside our main holiday club group enabling older children with specials needs and disabilities to attend alongside their peers. The support for children with Spccial Educational Needs in the County is also affected by lack of provision for children within school time and outside of school hours and holidays. Thai situation has lead us lo have children with significant need and disabilities joining us late in their pre-school year. having not been able lo acuess provision earlier. Our SENDCO and senior tcam have worked tirelessly to support these children and prepare their support packages for school transitions into the 2025 financial year. We ¢ontinu¢ lo seek professional advice and training where needed. By continuing to provide flexibility for these families, this eiiabled children with SEND to coiilii)ue lo allend while also having their necds met. We liad a nuinber of cliildren this year in all our services who had not been identified with addilioi)al needs prior lo attending OAKS. This was partially du¢ to increased wailing limes for assessments. This has left a significant i)uniber of families wailing to be seen by professionals pla¢ii)g increased pressure on our 5ervicc5. We also continue to receive less of a contribution from the local authority lo support children with Special Educational Needs and Disabilities within nursery. li also takes longer to gain a¢¢ess lo these funds. even for children with high needs and disabilities. The ¢urrent system requires 2 cycles of the graduated response lequalling at least I term of inpull, before referral into the inulusion team and then we have lo wail for a visit and perniission lo appl}, lor funding. Maiiy children have not received the support they needed on entry and this has continued to impact us into the currenl financial year. 2025. Children attending lioliday club, via the HAF scheme. with Special Educational Needs are better supported and funds are more readily available. The HAF scheme has supported new children lo attend enablii)g them to take adv3nta8e of our services from our tow and a¢r055 the county. We have also seen an increase in children attending with SEND outside of the HAF s¢h¢me and we continue to support these children too. However currently there is no additional funding for these childreii, so Ihe ¢harity is covering these costs. Due to the increas¢ in children requiring support we have introduced for the 2024 - 2025 year, a sp¢cifi¢ Session for children with SEND that runs alon85id¢ our main holiday club for children who would be unable lo attend sessions in the main group. Support for Young People We have always supported youiig people by allowing rhem to attend work experience in our settings or by encouraging them lo volunleer. College placements are another vital way we are able to offer experience for ihe next generation of cl)ildcare practitioi)ers. We supported several young peopl¢ to look at apprenticeship option5 and supported them on their journey to finding a career. Career fairs and family days have ¢ontinued this year and it was lovely to meet dozens of young people interested in career5 Wlth Children at our local high school. We Continue 10 eneourage further groups of young people lo explore careers options with our organisation and beyond. We have continued to focus on developing our team deliv¢ring inhouse trdining and accessing onlinc rourse5, to dcvelop these young people. Many are undertaking apprenticeships and off the job experiences enabling them to develop as prdctitioners for the future. Page 3
Opportunities for Adventure, Knowledge and Skills Ltd (a company limited by guarantee) Report of the Truste¢s for the Year Ended 31 Mgr¢h 2025 Exclusions During the past year there have been no permanent or fixed-tenn exclusions or reduction of hours for individual children. This is the 21 st year iii a row for (he organisation. We have aciively supported children with significant needs and given as many hours in setting as we can accommodate with our legal ralios. Where children are identified as needing behavioural support a behavioural plan is pul in place via our fostering positive behaviour policy, educational needs policy and provision mapping protocols. Outside agency support is sort as required. Positive behaviour is also supported with access to the Solihull approach to supporting young children advocated by the health team within the county. Matthew Evans Trustee Ch*rity Managers Report This year has been a mixed picture with a lot of success but also challenges. We have ¢ontinued to successfully accomniodale children who were iii need and vulnerable and expanded some Services. This year in particular we accommodated 4 additional children between end January 25 and March 25 who needed an urgent placemenl in an early years selting. All 4 of these young children had sigi)ifi¢ant disabilities and large aniounts of resources were needed to eiiable them to participate in nursery in line with their peers. It was a joy to see them accessing an inclusive space and being part of the group. Ther¢ has been a similar pallern to last year with children using our services with increasing levels of need. There continues to be a crisis in SEND provision and not all Children are able to access a school provision that meets their needs. We once again were able lo support school aged children to attend an educational provision before a mainstream place was found. Funding to support our most vulnerable children including those with special educational needs has continued to be restricted in Nursery as new rules prevent children gaining support right from Ihe slart of their early years education. This has resulted in ihe charity covering the shortfall in Costs to support children with special educational needs for the third year running. Children still need support at the same level without additional funding and would be unable lo attend without the support. We Continue lo explore oiher funding streams as the governments fitnded childcare offer is still not rising al a rate to cover costs including living wage, employer contributions or outgoing costs. This year we saw an increase in funding rates from April 2024 but the rate being paid across the ages falls short of the amount we would charge in fees. The government also started the roll oui of the extended childcare offer to include working families wilh children aged 9 months plus. As discussed last year; This has inevitably meant that the majority of income for nurseries in England will be s¢1 by gov¢rnm¢nt though Iheir funding rates. Th¢ main outgoing cost for nurseries is salaries which is also set by government through their minimum wage and lax requirements. We must maintain our legal adultlehild ratio requirements, also set by government in their statutory framework and can therefore not reduce slaffing lo mai¢h income. Financially the government otTer has had a negative impact on our finances and ability to operate and th¢ whole sector is looking toward with the upcoming changes with anticipation of a much-improved offer. The increase in families looking for care for children with special educational needs in the holidays has remained consistent and more children who need support, are attending our holiday club. Children who attended via the Holiday Food and Activity scheme are w¢ll fvnded for us to provide support. For parents who are not eligible there is currently little financial support for them lo attend. Staff within holiday club are continuing to develop and Irain lo meet Ihese needs. Financially we have continued io invest in the building maintenance and repairs to wear and tear to improve the building functionality. We continued using the one side of the building to provide further community activities outside of the nursery and holiday provision. Page 4
Opportunities for Adventure, Knowledge Ind Skills Ltd (A company limited by guarantee) Report of the Trustees for the Year Ended 31 MArch 2025 Our parent and child sensory group has continued to allow us io wnnect with ihe local community and families we serve. As has our involvement in Leominsler in Bloom and the lowns Christmas Tree Festival. We also had the pleasure of creating one of the artworks for'The Priory Church 900 years, celebratiorts ai our local church. We designed a series of squares. which individuals created their chosen design on and then we combined these to create a lapestry effect hanging artwork. Over 200 individuals look part in creating the art piece and many felt it was therapeutic. also encouraged Iliem to go and see their arti¥ork in combination with other larger displays on show for the community. Groups of our children also took part in workshops too based around traditional crafts from the area bringing hislory to life for younger generation. Supporting young people remains one of core values this financial year. We have supported young, unemployed individuals into training and employment. We conlinued to support several staff to upskill and undertake level 2 and level 3 qualifications. We were also able lo support students from the local technical college again this year with level 2 and 3 qualifications. Having our young people to support our community work also allows them to develop their social skills and ¢ommunication skills which are finding younger generations are less developed in. We were also able to provide 14 sessions of food and activity for families through from November 2024 - March 25. This has a positive impact on family budgets during the c.osl of Living crisis the county faces. We received iwo grants one througli the Household Support Fund administrated by Herefordshire Council under their Winler of Wellbeing scheme and from the Police Commissioners Community Fund, specifically targeted at families and young people. Due to our ¢lose proximity lo the local skate park we were able to engage young people in our Family Fridays wlio may not have anywhere else to go. We were able to provide over 660 meals over 14 sessions to families in the local area an increase on the previous year. We were a150 able to support with signposliilg to other 5ervi¢¢s and provide a vital social conlacl for many families who would not have accessed thii)gs iii the local ¢onimunity oiherwise. Our vital community work is really importai)I for the local area and for those with children parti¢ularly as there is little youth provision in the area. We are very privileged to receive a healthy food delivery weekly from Naiional Day Nurseries Association funded by the charity Vitamin Angles. This is lo support our children to receive high quality meals and snacks that meets their nutritional needs as many children in low economic areas do not get the correct level of nutrition. This has enabled us to extend our lunch ofyer to 5 days per week all year round. We are very Ihai)kful for the SLÈPPOrt lye receive from the National Day Nursery Association who understand the challenges the sector faces and provides a voice for the sector. Margo Evans Charity Manager Trlursery Managers Report At the start of this fin&ncial we began to see an increase in demand for the nursery spaces both for Term Time Only and for Stretched all year-round spaces. Parents w¢re also wanting to put children on the waiting list much earlier. We have needed to review how we manage the waiting lists. room spaces and staffing lo m¢¢t the changing demands. We have also noted an increase in demand for spaces from 6 moiiths and families Choose to end their maternity leave early. We have been able to adapt our space to meet this need focusing on our Baby Rooin 3monihs to 18monihs and then transitioning our young toddlers into the Toddler room. Tliis has ben¢fitted the toddlers as they become more active and inquisitive and now have acce5S to additional space and resour¢es. Praciilioners have adapted to this change positively and it has enabled us to have sniooth transitions from one space to another. To ¢nable us to support the younger toddl¢r5 in this way we hav¢ ulilised space within our Pre-school room supporting children from two year groups. Historically w¢ have adjusted provision to meet demand and while we continue to support changing shift patterns, we hav¢ also moved to a more structured allocation of spaces which enables us to better manage the in¢r¢asing waiting lists. Recruitment of qualified practitioners continues to be challenging, and we continue to support apprentices as they seek to gain qualification5. Our leam has worked hard to develop their skills and have engaged in a wide breadth of additional training over this year to further enhance their skills and experience. Staff wellbeing is monitored with individual meetings ternily and we also encourage an open-door policy. Page 5
Opportunities for Adventure, Knowledge and Skills Ltd (a company limited by guarantee) Report of the Trustees for the Year Ended 31 March 2025 We have continued to build on Strategies to support children with additional needs and our SENDCO has supported staff to support in an inclusive way whilst also providing more targeted support in both small groups and on a I.. I basis. The need for finan¢ial security means we need to continue to ensure we operaie at Capacity utilising both practitioners and space in the best possible way. Diane Wilkins Nursery Manager FIIYAIYCIAL REVIEW FinaneiAI po$i¢ion During ihe year ended 31 March 2025 total income amounted to £375.023 (2024.. £324.340). £364.722 (2024.. £343,039) was used lo defray expenses. At the start of the period total funds brought forward were £133,242 12024,. £151.94]). At the end of the period this had risen to £143,493 12024.. fallen lo £133,242). Principal funding sources The principal source of in¢ome for the charity 15 from the fees paid by parents. The charity also receives funding from Herefordshire Council. nvestment policy &nd objettlves The key objectives are attained by the employment of staff with recognised childcare qualifi¢ations and skills to provide high levels of support and childcare. Reserves policy It is our policy lo carry reserve5 that as a minimum would cover three months salary costs of £75,000. STRIICTIIRE, GOVERNANCE AND MANAGEMENT Governing document The charity is conlrolled by its governing document, a deed of trust. and con5tituies A limited Company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and Appointment of new trustees New trustees are appointed by the members. REFERENCE AND ADMINISTIL4TIVE DETAILS Registered Company number 06871339 (England and Wales) Registered Charity number 1130042 Registered olet Coning5by Children's Centre Coning5by Road Leominster Herefordshire HR6 8LL Trustees M Evans J Morgan Mrs M Evans M D Jones Page 6
Opportunities for Adventure, Knowledge and Skills Ltd (a company limited by guaralltee) Report of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTIL4TIVE DETAILS Company Secr¢t*ry M Evaiis Independent Examiner B E Prime Streets Dyke Ruscoe Ltd I l O Corve Street Ludlow SHROPSHIRE SY8 IDJ This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of ihe board of rrustees on 2 December 2025 and signed on ils behalf by.. M Evans - Trustee Page 7
Independeni Eximlney's Report to the Trustees of Opportunitles for Adventure, Knowledge and Skllly Ltd (A company Ilmitèd by guarantee) tadependent exAmin¢r'y report to the trusteu ol Opportunlties for Adventur¢, Knowledge and Skills Ltd (• OIIiP4tty limited by guarantee) {'the Compally,) I report to the charity trustees on my examinlltion of the &ccounts of the Company for the year ended 31 M8Tch 2025. Respollslbllltles And b48ts of report A8 the ch#rliy's ttustees of the Company (d also its directors for th¢ purposcs of company law) you are respon5ibl¢ for the preparation of th# aGGounts in accordance with the rcquiroments of the Compani¢s Art 2006 (Ibo 2006 Act,), Having 3atisfi¢d mys¢lf that the aG¢ounts of the Company are not r¢quired lo be auditcd und¢r Part 16 of th¢ 2006 A¢t and are eligible for independent examittation. I report in respect of my examirtation of your charity'$ accounts Garried out under Sectioii 145 of the Chariti¢5 Act 2011 ('the 201 I Act,). En carryittg ou¢ my ex8minatioll I have followed thg Directions 84ven by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent exarnlner'$ stAtement SinG¢ your chuily's 8ross income exceeded £250,000 yout examiner must bc a member of a listed body. I can confimi thftt I Am qualified to undertake the ¢xamint4lion bec8u8e Iam a member of the Associ&tion of Clwtcred Certified AOuntAnts, which is one of the list¢d bodle$. I have cotnpleted my examination. I confinn thAt no matters liave come to my attention in connectlon wlth tb¢ ¢xaminailon 8iviag m¢ cause to beli4ve,' &crL)untin8 record5 were not kept in respect of the COmpY as r¢qulred by Section 386 of the 2006 Act. or the accounts do not cOrd with those r¢¢ordg,' or the accounts do ntst comply with the accouutiTtg r¢quiretnents of Sertion 396 of the 2006 Act oth¢T th any requiremcnt that the 8¢counts giv¢ A tye And fair view whi¢h 13 not a mattor wnsider¢d ay part of an indcpendent examination. or the 4ccouats have Aot been prepared in accordance with the methods and principles of the Stat¢mcnt of Recommended PiY4Ctice for accounting And reporting by Charities (8pplic&ble lo charities preparin8 their a¢¢ouats in ac¢ordan¢e with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)). I have no coucerns and have cotne a¢TOYS no other matters in connection with the examlnatlon to whi¢h attention should be dravm in this report in order to cnablc a prop¢r understanding of the A¢¢ounlS to be reached. B E Prime Streets Dyke Ru5coe Ltd 110 Corve Street Ludlow SHROPSHtRB SY8 IDJ 2 DeGomber 2025 Page 8
Opportunities for Adventure, Knowledge
nd Skills Ltd (A company limited by
guarantee) SIAtement of Fin#ntig1 Activities (Incorporating Income And Expenditure A¢¢ount) for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricled fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Doiiations and legacies 898 898 189 ChAritable activities Child¢ar¢ and education 207.036 207,036 155.833 Other trading activities Invesimenl income Other income 138,226 853 28.010 138,226 853 28,010 140.798 580 26,940 Total 375,023 375,023 324.340 EXPENDITURE ON Raising funds 988 Charitable Activities Childcare and educalion 364,772 364.772 342,051 TotAI 364.772 364,772 343,039 NET INCOMEI(EXPENDITIIRE) 10,251 10.251 (18,699) RECONCILIATION OF FUIYDS Total funds brought forward 133.242 133,242 151,941 TOTAL FUNDS CARRIED FORWARD 143.491 14.3.493 133.242 The notes fom) part of these financial statements Page 9
Opportunities for Adventure, Knowledge And Skills Ltd (x company limited by guarantee) B4lance Sheet 31 March 2025 2025 Total fijnds 2024 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 10 10.023 10.023 12.172 CURRENT ASSETS Debtors Prepayments and accrued income Cash at bank and in hand 25.991 4,758 117,005 25,991 4,758 117,005 16.226 9,00? 109,655 147.754 147.754 134,883 CREDITORS Amounts falling due within one year 12 (3.0901 (3,090) (4,882) NET CURRENT ASSETS 144,664 144,664 130,001 TOTAL ASSETS LESS CURRENT LIABILITIES 154,687 154,687 142,173 ACCRUALS AND DEFERRED INCOME 13 (11 194) 11,194) (8,931) NET ASSETS 143,493 143,493 133,242 FUNDS Unrestricted funds 14 143,493 133,242 TOTAL FUIYDS 143,493 133,242 The charitable Company is entitled to exemption from audit under Section 477 of the Companie5 Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibiliiies for (a) ensuring that the charitable company keeps accounting records that Comply with Sections 386 and 387 of the Companies Act ?006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of ¢ach financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which oihenvise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forni part of these financial slatements Page 10 continued...
Opportunities for Adventure, Knowledge and Ski115 Ltd (4 eompany limited by guarantee) Balance Sheet- continued 31 M4r¢h 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 2 December 2025 and were signed on ils behalf by.. J Morgan - Trusiee The notes forn) part of these financial statements Pagell
Opportunities for Adventure, Knowledge and Skills Ltd (A company limited by guarantee) Notes to the Financial StAtements for the Year Ended 31 March 202S ACCOUNTING POLICIES Basis of prepiring the financial statements The financial statements of the chariiable company. which is a public benefit entity under FRS 102, have been prepared in a¢cord&nce 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 Finaiicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effe¢iive l January 2019),, Financial Reporting Standard 102 'The Finaiicial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under Ihe historical cost convention. Inrome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that Ihe in¢ome will bc received and the amount can be measured reliably. Income from trading activities is stated after any discounts. Income is not subject to VAT or any other sales laxes. Govemment granls based on the perforniance model are accounted for on an accruals basis. There are no unfulfilled conditions or contingencies. Expenditure Liabilities are recognised as expenditure as soon ag there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of economi¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is ac¢ount¢d fo on an accruals basis and has been classified under headings that aggregate all cosl related to the category. Where costs cannot be dire¢tly attributed lo particular headings they have been allocated to activities on a basis consisleni with the use of resources. Tangible fixed assets Depreciation is provided at ihe following annual rates in order to write off each a55el over its esiimaied useful life. Equipment Straight line over 8 years, Straight line over 5 years, Straight line over 3 year5 and Slraighl line over l O years 250/0 on reducing balance Straishi line over 3 years Fixtures and fittings Computer equipmenl TAxAtion The charity is exempt from corporation tax on its charitable activities. Fund aetounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wiihin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Hire purchAse and leasing eommilments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension eosts and other post-retirement benefjts The charitable company operates a defined contribution pension scheme. Contribulions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued...
Opportunities for Adventure, Knowledge and Skills Ltd (a company limited by guar4ntee) Notes lo the Financial Statements- continued for the Year Ended 31 March 2025 ACCOUNTIIYG POLICIES - continued Debtors Debtors are amounts owed lo the charity. They are measured on the basis of iheir recoverable amount. Bank And cAsh in h4nd Cash at bank aiid in hand is held 10 mee¢ the day to day running costs of the charity as they fall due. Cash equivalents are short tenn, highly liquid investments. usually in inslant access interest bearing savings accounts. Cr¢ditors Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle lh¢ debt. OTHER TRADING A1vITIEs 2025 2024 Pre-s¢hool session fees Fundraising events 137,784 442 140,192 606 138,226 140,798 INVESTMENT INCOME 2025 2024 Deposit account interest 853 580 INCOME FROM CHARITABLE AcfiviTIES 2025 Childcare and education 2024 Total activities NEG, NEF & 2 year old grant funding Incliision grants 202.114 4,922 149,917 5,916 207,036 155,833 Grants received are perfoman¢e relaled and are for the charity's main activity of the provision of childcare and cdu¢alion. Page 13 continued...
opportuniti for Adventure, Knowledge and Skills Ltd (A company limited by guaran¢ee) Notes to the Financial Statements- continued for the Year Ended 31 March 2025 OTHER INCOME ?025 ?023 Child nutrition grants Holiday activities and food Baby sensory play Hot lunches Small Grant West Mercia Police Winter of Wellbeing grant Training Support HMRC PAYE Repayment Interesl Consumable Recharge 2,888 10,283 259 6,566 50 2,000 1.700 3,108 16,257 608 5,267 1.500 201 4.263 28,009 26,941 SUPPORT COSTS Governance costs Management Finance Totals Childcare and education 13,436 273 7,609 21,318 Support costs, in¢luded in the above. are as follows.. Management 2025 Cl)ildcare and education 2024 Total aciivilies Telephone Postage and stationery Travelling Repairs & renewals Ofst¢d registration Bad debts Refuse collections Depreciation of tangible and heritage assets 1,742 2.234 1,440 1,595 14 8.384 220 684 1,260 2,602 3,913 220 1,872 1.096 2,359 13,436 16,199 Page 14 continued...
Opportunities for Adventure. Knowledge And Skills Ltd (a company limited by guarantee) Notes to the FinAncial Statements - eontinued for the Year Ended 31 MArch 2025 SUPPORT COSTS - continued Finance 2025 Childcare and education 2024 Total activitie5 Bar Charges 273 284 Governance costs 2025 Childcare 2024 Total activities education Accountancy fees Independenl examination fees Professional fees 1.769 2,701 3,139 1,285 2,387 2,878 7,609 6.550 NET INCOME/(EXPENDITURE) Net income/(expenditureJ is stated after chargingl(creditingl'. 2025 2024 Depreciation - owned assets Other operating lease5 2,359 16,000 2.602 16,000 TRIISTEES, REMUNERATION AND BENEFITS The manager of the charity is also a trustee and received remuneration of £13,440 (2024.. £14,135) in their role as manager. The Charity Commission have confirmed that as the Memorandum and Articles of Association allow for an employee to become a director the approval of the Charity Commission is not required. Trustees, expenses There were no truslees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 Mar¢h 2024. STAFF COSTS 2025 2024 Wages and 5alarie5 Social security costs Other pension costs 289.562 6,122 2.963 266.625 4,154 2,687 298.647 273.466 Page 15 continued...
Opportunities for Adventure, Knowledge and Skills Ltd (a company limited by guarantee) Notes to the Finaneial Statements- continued for the Year Ended 31 March 2025 STAFF COSTS - ¢ootiDued The average monthly number of employees during the year was as follows.. 2025 14 16 2024 22 Full time staff Part time staff 30 29 No ernployees received emoluments in excess of £60.000. The full time equivalent is estimated to be 19 {2024.' 19) The Trust considers its key management personnel comprise the trustees. the charity manager and the nursery manager. The total employment benefits including employer pension contributions of the key manageinent personnel were £34,351 (2023.. £37.376). io. TANGIBLE FIXED ASSETS Fixture5 and fittings Computer equipment Equipment Totals COST At l April 2024 Additions Disposals 44.850 3.837 5.446 210 11,696} 54.133 210 (1.696) At 31 March 2025 44,850 3,837 3.960 52,647 DEPRECIATION At l April 2024 Charge for year Eliminated on disposal 33,783 1,904 3,023 203 5,155 252 (1,696) 41,961 2,359 {1,696) At 31 March 2025 35,687 3,226 3,711 42,624 NET BOOK VALUE At 31 March 2025 9,163 611 249 10,023 At 31 March 2024 11,067 814 291 12,172 Fixed assets are capitalised at cost, items for less ihan £200 are not capilalis¢d. Children's equipment depreciates very quickly through everyday use and therefore is noi capitali5ed if the cost is less than £300. Page 16 continued...
Opportunities for Adventure, Knoivledge and Skills Ltd (a company limited by guar4ntee) Notes to the Financial Statements - continued ror the Year Ended 31 March 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debiors Social security and other taxes 25,518 473 14,706 53 1,467 25,991 16,226 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Other ¢r¢dilors 1,832 138 1,120 3,299 1,583 3,090 4.882 13. ACCRUALS AND DEFERRED INCOME 2025 2024 Accrlials Deferred income 5.-I19 5,875 5,187 3.744 1,194 8,931 Deferred income represents pre-school session fees and grants received in advance. 2025 2024 Opening deferred income Released to pre-schiiol 5¢ssion fees and HAF gr8nts in the year D¢ferred income in th¢ year 3,744 (1,744) 5,875 8.395 18.J95) 3,744 5.875 3,744 14. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 133.242 10,251 143,493 TOTAL FUNDS 133,242 10.251 143,493 Page 17 continued...
Opportunities for Adventure, Knowledge and Skills Ltd (a eompany limited by gu#r*ntee) Notes to the Financial Statements - eontinued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS- continued Net movement in fiinds, included in the above are as follows: In¢oming resources Resources expended Movement in funds Unrestricted funds General fund 375.023 1364,772) 10.251 TOTAL FUNDS 375,023 (364,772) 10,251 Comparatives for movetnent in funds Nel movement in funds At 31.3.24 At 1.4.23 Uttrestricted funds General fund 151,941 (18,699) 133.242 TOTAL FUNDS 151,941 118.6991 133,242 Comparative net movement in funds, included in the above are as follow5: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 324,340 (343,039) (18.6991 TOTAL FUNDS 324,340 (343,039) 118,699) A current year 12 months and prior year 12 rnonths combined position is as follows.. Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 151.941 {8,448) 143.493 TOTAL FUNDS 151.941 (8.4481 143,493 Page 18 continued...
Opportunities for Adventure, Knowledge and Skills Ltd (a company limited by guarantee) Notes to the Ftnanei21 Statements - continued for the Year Ended 31 Mareh 2025 14. MOVEMENT IN FUNDS- eontinued A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unreslricted funds General fund 699,363 (707,811) (8,4481 TOTAL FUNDS 699,363 (707.811) 18.4481 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. 16. ULTIMATE CONTROLLING PARTY The trustees consider ihe board of directors to be ihe ultimate controlling party. 17. GOING COIYCERN The Charity's financial position has been negatively impacted from the rising cosls which is not supported by the government fundii)8. In the opinion of the trusiees Ihe Charity is expected to remain 8 going con¢eni for at leasl 12 months from the dal¢ of signing of th¢s¢ financial slaten)ents. Page 19