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 o￿let
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
A￿OuntAnts, 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 COmp￿Y 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 A￿1vITIEs
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