ARC COMMUNITY TRUSTEES
(Company limited by guarantee)
Report and Financial Statements
for the year ended 31 March 2024
ClJari4' nuMI?er 1130383
Con/Paiyi iiumbei" 06777i08

ARC COMMUNITY TRUSTEES
{Limited by Guarantee)
for the year ended 31 March 2024
Reference and Administrative Information......
Annual Report ofthe Board...........................................................................................................................
Independent Examiners, Report
Statement of Financial Activities.........
Balance Sheet.............................................................................................................................................. 10
Cash Flow Statement...................................................................................................................................
Notes to the Financial Statements...............................................................................................................12

ARC COMMUNITY TRUSTEES
(Limited by Guarantee)
for the year ended 31 March 2024
Administrative infomiation
During the year and until the date of signature of these financial statements, the composition of the Board of
Trustees changed as follows. Additionally, on 31 May 2024, James Rickard resigned as Chairperson of the
Board and Jana How was appointed in his stead.
Trustees
Jana How {Chairpersonl (appointed on 1 August 2023)
Elinor Wilkes (Treasurer)
Thomas Wood
Gillian Walley
Yasmin Saleh (appointed on 1 June 2023)
Nikita Nemygin (appointed on 27 August 2024)
Ninjeri Pandit (appointed on 27 August 2024)
James Hopkins (appointed on 12 September 2024)
James Rickard (resigned 31 May 2024)
Holly Marshall {resigned 30 September 2023)
Company registration number
06777508
Charity registration number {England and Wales)
1130383
Company Secretary
Nathan Maknight Company Secretarial Limited
Bankers
C. Hoare & Co.
Independent Examiners
Lubbock Fine LLP
Paternoster House
65 St Paul's Churchyard
London
EC4M 8AB
Registered Office
39 Crosby Row,
London,
SE13YD

Trustees Annual Report
ARC COMMUNITY TRUSTEES
(Limited by Guarantee)
for the year ended 31 March 2024
The Trustees present their annual report and the financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance wth the accounting policies set out on pages
12 and 13 and comply with the Memorandum and Articles of Association, applicable laws and the
requirements of the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102
Charities SORP), the Charities Act 2011 and the Companies Act 2006.
Structure, Governance and Management
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 19th December 2008 and
registered as a Charity on 26th June 2009. The company was established under a Memorandum of
Association which established the objects and powers of the charitable company and is govemed under its
Articles of Association. In the event of the company being wound up, members are each required to contribute
an amount not exceeding £10.
Recruitment and appointment of directors
The directors of the company are also Charity Trustees for the purposes of Charity law. Under the
requirements of the Memorandum and Articles of Association, directors are elected to seNe for a period of
three years after which they must be re-elected at the next Annual General Meeting. All directors give their
time voluntarily and receive no benefits from the Charity. Due to the nature of the Charity's work, there is
particular focus upon the welfare of young children. The directors seek to ensure that the best interests of
the charity and ultimately the children served by the charity are appropriately reflected through the diversity
of the Trustee body. The more traditional business skills are well represented on the Board. In an effort to
maintain this broad skill mix, members of the Board are requested to provide a list of their skills (and update
it each year) and in the event of particular skills being lost due to retirement, individuals are approached to
offer themselves for election to the Board. In the event that a new memberjoins the Board there is no formal
induction process, however there is a checklist of requirements, supplemented with orientation by fellow
Trustees. The training requirements of Board members are assessed periodically on a case by case basis,
however mandatory training is unifomily undertaken and annualty monitored.
Organisational structure
The Charity has a Board of Directors which meets monthly throughout the year and is responsible for the
strategic direction and policy of the Charity, including the approval of budgets and the exercising of financial
controls. At present, the Board has eight members from a variety of professional backgrounds, and each
takes a nominal lead role across specific areas e.g.. operational support, comms and marketing, health and
safety, maintenance, parent liaison. Mandatory roles are filled by Board members for Chair, Treasurer and
safeguarding.
A scheme of delegation is in place and day to day responsibility for the provision of the services rests with
the Nursery Manager. The finance function is externalty contracted to a firm of accountants. The Nursery
Manager is responsible for ensuring that the Charity delivers the seniices specified and that key performance
indicators are met. The Nursery Manager has responsibility for the day-to-day operational management of
the nursery, individual supervision of the staff team, safeguarding, child protection, and also ensuring that
the team continue to develop their skills and working praCtI￿S in line with good practi￿. The performance
and remuneration of the Nursery Manager is reviewed in the context of certain mutually agreed metrics each
year by a sub-committee of the Board.
Risk Management
The Board reviews on an annual basis the major risks to which the Charity is exposed. Where appropriate,
systems or procedures have been established to mitigate the risks the Charity faces. Internal control risks
are minimised by the implementation of prO￿dureS for authorisation of all transactions and projects.
pro￿dureS are in Pla￿ to ensure compliance with Health and Safety of staff, volunteers, clients and visitors
to the nursery. These procedures are periodically reviewed to ensure that they continue to meet the needs
of the Charity and are assessed in accordan￿ with EYFS policies and other relevant guidance.

Trustees Annual Report
ARC COMMUNITY TRUSTEES
(Limited by Guarantee)
for the year ended 31 March 2024
During the period April 2023 to March 2024, there has continued to be a risk associated with lower levels of
occupancy than pre pandemic years, howeverthere has been a gradual increase on the previous year, which
is positive. In addition, and also related to occupancy, tt)e continued challenge fa￿d across the industry
regarding attracting qualified staff of high quality has impacted the nursery. Significant focus has been on
continued recruitment of staff to meet required ratios, ensure quality of care standards, and to enable
additional children to be taken on.
In addition, rising cost of living was identified as an ongoing risk for the nursery as this not only increased for
non paylindirect costs but also has increased the costs of bank and agency staff. This has been monitored
throughout the year, with robust controls on spend and also proactive action taken to reduce costs where
possible (e.g. contract renewals). However these factors have impacted the overall financial position in terms
of expenditure and reseNes.
The financial position is reviewed by Trustees at the monthly Board meetings and discussed with the
management team during monthty finance meetings focused on minimising spend and ensuring appropriate
financial control.
Mission, Purpose and Objectives
The Charity reviews the aims, objectives and activities each year. This review looks at what has been
achieved and the outcomes of work in the prior period. The review looks at the success of each key activity
and the benefits they have brought to those groups of people the Charity is set up to help. The review also
helps the Board ensure the aims, objectives and activities remained focused on the Charity's stated
purposes.
Our Mission
To provide accessible, responsive childcare and related Se￿iceS to the local community (predominantly
London, SE1 }. This aim is incorporated in a motto. namely. -Families working together for their own and each
otherfs children"
Our Charitable Purpose
We aim to provide childcare of the highest standard, including affordable and vulnerable places, to families
living and working in the local community-
Our Objectives
The Charity's objectives are"
To enhance the development and education of children, principally below statutory school age, by
providing childcare and early learning for children and families.,
To provide activities to enhan￿ parental skills and child development- and
To provide advice and assistan￿ to families in relation to the costs of childcare.
The Charity recognises that its financial position must be sound and secure and that its activities should be
managed with a view to at least breaking even each year.
Public benefit
The Trustees have referred to the Charity Commission guidance on public benefit in setting the aims and
objectives of the Charity and its future plans.
Measuring our achievements against the Charity's objectives
The Charity has discharged its objectives by pursuing two complementary activities in the year to 31 March
2024. Firstly, the core activity of the Charity is to provide high quality early pre-school education and care
through the provision of services at the Arc Nursery. In addition. as a core component of this service provision
the Charity provides pla￿S to children on a substantially subsidised basis. These places are not fixed in
number and their allocation to children is determined by the Trustees on the basis of need. The Trustees are
satisfied that the Charity performed adequately well during the period under review considering each of their
objectives, with a view to focusing on the core objectives of the charity.

Trustees Annual Report
ARC COMMUNITY TRUSTEES
(Limited by Guarantee)
for the year ended 31 March 2024
Review of the year
This year has shown an increase in incoming reSoUr￿S for the Charity. Revenue from restricted and
unrestricted SoUr￿S increased by some £114,389 (2023.. £21,795 decrease). The balance of restricted
reserves of the Charity increased by £393 (2023.. £2,800) whereas unrestricted reseNes increased by
£38,615 {2023.' £89,273 decrease). Our unrestricted reserves at the end of the financial year were £38,620
{2023. £5).
Overall review of the Charity's perforniance
The Trustees are reasonably satisfied with the Charity's overall perfomiance during the period under review
given the challenging financial circumstances facing the economy more widely post pandemic. Income from
charitable activities increased compared to prioryearand occupancy levels achieved were broadly consistent
with the Charity's operating targets given the post pandemic period. However there has continued to be
significant challenges with recruitment to qualified level 3 practitioner roles, which has impacted the entire
industry. This has restricted the ability of the Charity to increase occupancy levels significantly and generate
more income to rebuild the financial reserves whilst compensating the steep rise in cost of living.
Management and the Trustees have worked hard throughout the year to recruit key roles and to mitigate
risks associated with vacancies, preserving early years staffing ratios, and to ensure the safety and well-
being of staff and children.
Two new Trustees were appointed in summer 2023 which helped to bolster the Board skills, capability and
capacity, and overall parent satisfaction remains high, with positive reviews and healthy waiting lists (often
generated through word of mouth).
Financial Review
The Trustees recognise that it has been a challenging financial year for the Charity post pandemic given the
increasing costs facing the economy more widely and the ongoing industry issues with recruitment. In
particular it has been acknowledged that there were financial challenges in relation to agency spend,
recruitment agency costs, slightly lower occupancy than hoped and an ongoing rise in the cost of living. The
Treasurer and management team have worked closely to review budgets and take proactive measures to
reduce spend where appropriate, especially on contracts. In addition. a strict approvals process has been
put in place for use of agency to help minimise any unnecessary spend. This has had a positive impact of
significantly reducing overall agency spend.
The Charity's financial perfomiance will continue to be largety determined by the mix of the relevant age
groups of children attending the Nursery and, crucially, overall occupancy levels throughout the year.
Overall average occupancy increased to 66 % (2023: 61 % ) and the fee rates were increased with effect from
1 January 2024, and the terms and conditions reviewed to tighten certain policy aspects pertaining to
seasonal fluctuation. There will continue to be an annual review of fees, which has been communicated to
parents, taking into account local comparators to ensure competitiveness.
Occupancy levels are reviewed on a monthly basis with work ongoing to bring the nursery back to pre-covid
occupancy levels, and the Charity has seen demand continue to grow with the number of families living in
the Arc's catchment area increasing. However. the Arc has eXperIen￿d significant recruitment challenges
(seen industry wide) which has negatively impacted on the ability to increase occupancy to the required levels
and fully service the demand. Recruitment strategies are in place to help with recruitment which is the key
to enabling fiJrther occupancy growih.

Trustees Annual Report
ARC COMMUNITY TRUSTEES
(Limited by Guarantee)
for the year ended 31 March 2024
Fundraising activities
The Charity received the following grants during the year. All restricted grants have been or will be used for
the purposes for which they were given.
Southwark Council - Restricted grant
For'Deprivation funding,
Southwark Council - Restricted grant
Early Years SENDIEHCP Inclusion Fund
£5,003 (2023.. £4, 108)
£12.900 (2023." £nil)
Reserves policy
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should
be maintained at a level equivalent to at least six month's budgeted expenditure. The Trustees consider that
reseNes at this level will ensure that, in the event of a significant decline in attendances and therefore fee
income, they will be able to continue the Charity's current activities while consideration is given to ways in
which additional funds may be raised. Under this policy, the year£nd free reserves tsrget should be no less
than £454,581 (2023.. £423,374). For the year ended 31 March 2024, the Charity's free reserves stood at
£38,62012023: £5). The Trustees acknowledge that the level of free reserves available to the Charity have
significantly declined in recent years and must be rebuilt as a matter of priority- For the year ended 31 March
2024, the Charity's restricted fijnds stood at £4,178 (2023.. £3,785).
Investment policy
The Charity maintains its banking facilities with C. Hoare & Co., 37 Fleet Street, London, EC4P 4DQ. AII
surplus funds are maintained in short and long temi deposits held with its main bankers.
Future plans
In May 2019, following a review by OFSTED the nursery's rating was amended from Inadequate to Good.
The nursery has had an improvement plan in place focusing on practi￿ and procedure which is continually
reviewed and updated with input from Trustees and the Local Authority. The nursery has focused on Otsted
preparedness during 2023124 to reflect good practi￿, to test pro￿sses, policies and procedures, and to
ensure that standards continue to rise. There will be a continued focus on staff and team development in
2024125.
It is recognised that there will be some investment requirementfor infrastructure and physical learning 'aides'
in support of providing high quality education into 2024125. In particular, there will be a focus on the outside
spaces and maximising these areas, plus more permanent structures to enhance the experience of children
and staff. Avenues such as fund raising and donations continue to be explored to supplement fee related
income.
Trustees, Responsibilities Ststement
The Trustees (who are also directors of ARC Community Trustees Limited for the purposes of company law)
are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting Practi￿).
Company law requires the Trustees to prepare financial statements for each financial year. Under company
law the Trustees must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing
these financial ststements, the Trustees are required to..
Select suitable accounting policies and then apply them consistently.,
Observe the methods and principles in the Charities SORP.,
Make judgments and accounting estimates that are reasonable and prudent.,
Prepare the financial ststements on the going con￿rn basis unless it is inappropriate to presume
that the charitable company will continue in operation.

Trustees Annual Report
ARC COMMUNITY TRUSTEES
(Limited by Guarantee)
for the year ended 31 March 2024
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charitable company's transactions and disclose with reasonable accuracy at any time the financial
position of the charitable company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements and this report have been prepared in accordance with current legislation and the
statement of recommended practi￿ "Accounting and Reporting by Charities" (January 2019}.
These financial statements have been prepared in accordance with the special provisions available to small
companies under Part 15 of the Companies Act 2006 and the Financial Reporting Standard 102.
30 Decernber 2024
These accounts were approved by the Board on........................... and signed on their behalf by:
Elinor Wilkes
Treasurer
COMPANY NUMBER: 06777508

Independent Examiner's Report
ARC COMMUNITY TRUSTEES
(Limited by Guarantee)
for the year ended 31 March 2024
Independent Examinerfs Report to the Trustees of Arc Communty Trustees ('the Charity.
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
March 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordan￿ with the requirements of the Companies Act 2006 {'the 2006 Act'i.
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's
accounts carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the
2011 Act.
Independent Examinerfs Statement
The company's gross income exceeded £250,000 and l am qualified to undertake the examination by being a
qualified member of the Institute of Chartered Accountants England and Wales (ICAEW).
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the Charity as required by section 386 of the 2006
Act., or
the accounts do not accord with those records., or
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
the accounts have not been prepared in accordan￿ with the Charities SORP (FRS102}.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
This report is made solely to the Charity's Trustees in accordan￿ with Part 4 of the Charities (Accounts and
Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those
matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the
fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and
the Charity's Trustees for my work or for this report.
Hazra Patel ACA
Lubbock Fine LLP
Chartered Accountants & Statutory Auditors
Paternoster House
65 St Paul's Churchyard
London
EC4M 8AB
Date: 09 January 2025

ARC COMMUNITY TRUSTEES
(Company limited by guarantee)
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 31 March 2024
2024
2024
2024
2023
2023
2023
Restricted Unrestricted
Total
Restricted Unrestricted
Total
Notes
Income from:
Donations
Charitable activities
Grants
other trading activities
1.463
779,396
1.463
785,096
19,705
2,093
1,875
684,617
1.875
687,417
4,108
568
5,700
19,705
2,800
4,108
2.093
568
Total income
25,405
782,952
808,357
6,908
687,060
693,968
Expenditure on:
Charitable activities
25,012
744.337
769.349
4,108
776,333
780.441
Total charitable expenditure
25.012
744.337
769,349
4,108
776,333
780,441
Transfers between funds
12
Net income I lexpenditurel for the year
393
38,615
39,008
2,800
{89,2731
186.4731
Total funds broughtfobward
3,785
3.790
985
89,278
90.263
Funds at the end ofthe year
12
4.178
38.620
42.798
3.785
3.790
There were no recognised gains or losses other than the surplus ￿ported for the financial year.
The net rnovements in funds for the year derived from the charitys continuing activities.
The notes on pages 12 to 19 fomi a part of these financial slatements.

ARC COMMUNITY TRUSTEES
(Company limited by guarantee)
Balance Sheet
As at 31 March 2024
2024
2023
Notes
Fixed assets
Tangible fixed assets
8,756
7,093
Current assets
Debtors
Cash at bank and in hand
51,724
113,799
42,814
103,322
165,523
146.136
Creditors: amounts falling due within one year
131,481
149,439
Net current (liabilities) l assets
34,042
(3,303)
Net assets
12
42,798
3.790
Funds
12
Restricted funds
4,178
3,785
Unrestricted funds
38,620
Total funds
42,798
3,790
The notes on pages 12 to 19 fomi a part of these financial statements.
For the year ending 31 March 2024 the company was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
• The members have not required the company to obtain an audit of its accounts for the year in
question in accordance with section 476.
The directors ackn¢￿edge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies and in accordance with the Financial Reporting
Standard 102 (FRS 102).
30 December 2024
The financial statements were approved by the Board and authorised for distribuiion on
and signed on its behalf by=
Elinor Wilkes
Treasurer
Company number 06777508
10

ARC COMMUNITY TRUSTEES
(Company limited by guarantee)
Cash Flow Statement
for the
ear ended 31 March 2024
2024
2024
2023
2023
Notes
Net cash (used) I provided by operating activities
13
17,768
52,292
Cash flo￿￿ from investing activities:
Cost of purchasing iangible fixed assets
Proceeds from disposal of tangible fixed assets
Bank interest receivable
(9.384)
{2,798}
140
2,093
Net cash used by investing activities
17,291)
(2,0901
Change in cash and cash equivalents
in the reporting period
10,477
54,382
Cash and cash equivalenls
at the beginning of the reporting period
103.322
157,704
Cash and cash equivalents
at the end of the reporting period
113,799
103,322

ARC COMMUNITY TRUSTEES
{Company limiled by guaranlee)
Notes to the financial statements
for the year ended 31 March 2024
Accounting policies
a) These financial slatemenls have been prepared on a going con￿rn basis, under the hislorical
cosl convention and in accordance with the Finanaal Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102). The Charitable Company is a public benefit company for
the purposes of FRS 102 and therefore the Charity also prepared its financial statements in
accordance with the Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (The FRS 102 Chartties SORP). the Companies Act 20C6 and Ihe Charities
Act2011.
The Iruslees have assessed whether the use ofthe going con￿rn basis is appropriale and
have considered possible events or conditions that might cast significant doubt on Ihe ability of
the charity to continue as a going con￿rn. The trustees have made this assessment for a
period of at least one year from the date of approval of the financial statements. In particular
the Iruslees have considered the charity's forecasts and projections. After making enquiries the
truslees have conduded Ihal there is a reasonable expectation thal the charity has adequate
resources to continue in operational existen￿ for the foreseeable future. The charity therefore
continues to adopt the going con￿rn basis in preparing its financial statements.
The following principal accounting policies have been adopted in preparing the financial
statements.
b) Incoming resources include the total amount of grants. voluntary income and nursery fees
receivable and are recognised when there is entidement to the funds, the receipt is probable
and the amount can be measured reliably. Revenue and capital grants are accounted for gross
when nolificalion is received. Where the grants speafy the lime period they relate to, they are
recognised as income in that periLNI. Other grants are recognised as income when received.
c) ReSoUr￿S expended are recognised On￿ there is a legal or constructive obligation to transfer
economic benefit to a third party, it is probable that a transfer of economic benefit will be
required in settlement and the amount of the obligation can be measured reliably. All
expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. The Charity is not registered for VAT and its
expenses are therefore inclusive of VAT which cannot be recovered.
d) Resources expended are allocated to the particular activity where the cost relates directly to
that activity. However, the cost of overall direction and administration of each activity,
comprising the salary and overhead costs of the cenlral function, is apportioned on Ihe
following basis which is an estimale. based on staff time. of the amount atlributable lo each
activity-
Incoming resources from charitable activities
Governan￿ and support
90.0%
10.0Y.
e) Govemance and support costs include the management of the Charity's assets, organisation
and management. and compliance with constitutional and statutory requirements. The only
govemance costs included in the accounts relate to audit fees as disclosed in note 4.
12

ARC COMMUNITY TRUSTEES
{Company limiled by guaranlee)
Notes to the financial statements
for the year ended 31 March 2024
D Individual fixed assets costing £100 or more are capilalised at cost and are depreciated over
their estimated useful economic life. The depreciation rates in use are as follows..
Office equipment
25 % straight line
Fixtures and fittings
25 % straight line
Leasehold improvements
Over the lease term
Leasehold improvements (additional)
Over 3 years
g) Unrestricted funds comprise accurnulated surpluses of general funds and these are available
for use at the discretion of the Trustees in the furtheran￿ of the general charitable objectives
of the Charity.
h) Restricted funds are those that can only be used for restricted purposes vAthin the objects of
the Charity. Reslrictions arise when spe¢ified by donors or when funds are raised for particular
restricted purposes.
i) Trade and other debtors are recognised at the setllement amount due after any discounl
offered. Prepayments are valued at the amount prepaid net of any discounts due.
j) Cash al bank and cash in hand indude funds available to the Charity immediately in current
and deposit accounls and petty cash.
k) Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event Ihat will probably resull in the transfer of funds lo a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement arnount after allowing for any discounts
due.
l) The Charity only has financial assets and financial liabilities of a kind that qualify as basic
financial inslrumenls. Basic financial inslruments are initially rec(KJnised at transaction value
and subsequently measured at their amortised cost.
m) ARC Community Trustees provides all employees access to a designated stakeholder pension
scheme. Contributions made by the employee are matched by the company up to a maximum
of 6/0 of the employee's annual salary.
n) Rentals applicable to operating leases where substantialty all of the benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over the
period of the lease.
13

ARC COMMUNITY TRUSTEES
Icompany limited by guarantee)
Notes to the financial statsments
for the year ended 31 March 2024
2. Total Income
2024
2024
iknrestrlcted Restrlcted
2024
2023
Total Unrestrtcted
2023
ReSt￿£￿d
2023
Total
Donations
Parent donation
Trustees donation
Norton Rose Charitable Foundation Fulbn"ght donat
263
1.200
263
1.200
470
405
1,000
470
405
1,000
Charitable activities
Nursery school fees
Wothplace Nursery Scheme Cofttributions
779,396
TT9,396
5.700
684,617
684,617
2,800
5,71M)
2,800
Grants
Southwath Council deprivation funding
Southwath Council Eèrty Years SENDIF fuftdirTrg
Soulhwark Council Earty Years EHCP fvnding
Southwark Council Earty Years Supplement8ry Grant
5,003
4,112
8.788
1,802
5,003
4,112
8.788
1.802
4,108
4,108
Othar trading aetivitiès
Bank Inte￿51 receivable
2.093
2.093
568
568
Total Income
782,952
25,405
808,357
687,(￿0
6,908
693,968
During the year, the nursery received 'Deprivab"on funding. in respect of thildren aged under five years of age, who on the relevant
headcount day. weie eligible to receive free nursery eduGab"on at the thartys main nursery setting. The eligibility criterra are sel
by Southwark Counal and the grant is based on infonnation submitted to the Counal. The charity provided free earty years
education to all such eligible pupils.
Totsl charitsble expenditurg
Expenditure on charilable a¢ti¥itie
unrestric￿ Reslrid
Support and
90vemanc*
2024
Total
2023
Totsl
Direct costs
Staff costs (See Note 51
Nursery occupanry cgsls
Other operating charges
Depreuation (See Note 71
45,434
472,515
141.002
41.073
5,2
22,588
68.022
480,402
141.002
72.203
7.720
167,026
399,888
136.549
71,947
5,031
7,887
31.130
2,424
Totsl Trsources expendgd
705.320
25.012
39.017
769.349
780.441
EX￿nditur0 on charitablè activitiès
Unrestricted
Restricted
Support and
govemance
2023
Totsl
Direct costs
Staff costs (See Note 51
Nursery occupancy costs
Other operating charges
Depreaation (See Note 41
162.918
393.585
136.549
39,497
5,031
4.108
167.026
399.888
136.549
71,947
5,031
6,303
32,450
Total resources expended
737,580
4,108
38,753
780,441
14

ARC COMMUNITY TRUSTEES
Icompany limited by guarantee)
Notes to the financial statsments
for the year ended 31 March 2024
4. Net outgolng resources for the year
This is stated after charging".
2024
2023
Depreuation
Independent examiner fee". Current year
Operating lease payments
7,720
3,000
104,536
5,031
3,000
103,634
S. Staff costs and numbers
Staff costs were as follows".
2024
2023
Salaries and wages
Social security costs
Pension contributions
438,316
29.276
12,810
367,427
23,357
9.104
480,402
399,888
None of the employees eamed over £60,000 during the year.
The average ￿eeklY number of employees analysed by 8th"￿ty was as follows".
H•adeount
Full-tim•
m•thod •quival•nt
2024
2024
No.
No.
20
16
Full-lirne
equivalent
2023
No.
14
Teaching staff
Govemance and support
23
19
17
A number of volunteers assist with the activities of the Charity. As Ihese volunteers are not employed by Ihe charity, they are not included
in the above note.
Kèy managamènt parsonnal and Trust8•s
No trustee received any remuneration in the Current year or the previous year. Key rnanagernent personnel received remuneration of
£44,75712023.' £39,859) induding employers national Insuran￿ contributions {NICI and pension.
During the year Trustees receiveil Teimbuisement of expenses amounting to £95512023.. £2.993}.

ARC COMMUNITY TRUSTEES
Icompany limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
Taxation
The Charity is exempt from cortuation tsx as all its inC￿Me is charitatle and is ap￿1￿ for charitsNe purtM)ses.
Tangible fixed assets
Leasehold
Leasehold lrnprovements Fixiure5 &
ofrice
lrnprovements
Add￿onal
Fittings Equipmet)t
Totsl
COST
At 1 April 2023
Adijilions in the year
Diswsals in the year
248,297
23,957
4.104
41.200
2.836
10,801
324,255
At 31 March 2024
248.297
28.061
44.036
13.245
333,639
DEPRECIATION
At 1 April 2023
Charge lor the year
On dIS￿saIS
248,297
20.514
4.811
40.550
952
7.801
1,958
317,162
7,721
At 31 March 2024
248.297
25.325
41.502
9,759
324,883
NET BOOK VALUE
At 31 March 2024
2,736
2,534
3,486
8.756
At 31 March 2023
3,443
650
3,000
7.093
I tangible fixed assets are Ljsed f[￿ dire(X tharitatAe purFX)ses.
16

ARC COMMUNITY TRUSTEES
Icompany limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
Debtors
2024
2023
Trade debtors
Prepayrnents and accnjed incwe
Other debtors
4,874
46.540
310
2,720
37.463
2,631
51.724
42.814
Creditors '. amounts falling due within on• y￿r
2024
2023
Trade creditors
Other Cr￿ltOrS incjuding taxation and swal secunty
Accruals
16,545
102,429
12,507
50.432
87.564
11.443
131,481
149,439
10. Anatysis of net assets between funds- current year
Unrestricted
funds
(General &
Designated)
Restricted
fvjnds
Total
funds
Tangible fixed assets
Net current assets
8.756
29.864
8,7S6
34,042
4.178
Net assets at 31 March 2024
4.178
38.620
42,798
Unrestricted
funds
(General &
Designated)
Restricted
fvjnds
Total
funds
Analysis of net assets between funds- prior year
Tangible fixed assets
Net current assets
7.093
17.0881
7,093
13,3031
3.785
Net assets at 31 March 2023
3.785
3,790
11. Financial instruments
2024
2023
Financial Assets measu￿1 at amortised cost
14,278
5,813
Financial Liabilits'es measured at amortised cost
124,858
142,111
Financial Assets rneasured at amortised cost comwse oftraje debt￿$, other debtors and accrLEd ircome.
Financial Liabilits'es measured at amorts.sed cost ￿MpriSe of trade cr&Jitus, other creditus and accruals.
17

ARC COMMUNITY TRUSTEES
Icompany limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
12. Movements in funds
Resources
exFEnded
linduding
losses)
Transfer
betsveen
fLJnds
At31
March
2024
At 1 April
2023
Inc4)ming
re50UI
Restricted funds
Southwark Counol- Dery1vatiC￿ fvndiTrJ-1
Southwark Council- Eady Years SENDIFIEHCP funding'2
Southwark Counal- Earty Years Supplernentary Giant"3
Workplace Nursery Scheme Contribubons"4
5,003
12.900
1.802
5,700
15.0031
112 9001
11.8021
15.3071
3.785
4,178
Total restricted funds
3.785
25.405
125.0121
4,178
General fund
782,952
1744.3371
1744.3371
38,620
Total unrestricted funds
782,952
38,620
Total funds
3.790
808,357
1769.3491
42,798
Resou￿$
extEnded
Iinduding
losses)
Transfer
between
funds
At31
March
2023
At 1 April
2022
Incoming
resour￿$
Restricted funds
Southwark Counal- Deprivabon fvnding .1
Southwark Counal- Earfy Years SENDIFEHCP fundirwJ"2
Southwark Counol- Eady Years Supplementary Grant"3
workpla￿ Nursery Scheme Contributyons'4
4.108
14.1081
985
2.800
3,785
Total restricted funds
985
6,908
14,1081
3,785
General fund
89.278
687,060
1776,3331
Total Un￿StriCted funds
89.278
687,060
1716.3331
Total funds
90.263
693,968
1780.4411
3,790
.1. Addth0na1fvndff￿ prowded by SouifTh¥ark Ctrjnol to swort from dwNed
.2. Funding prowded by Soulmvark C0￿Ci1 to SUPFX)rt Chi￿￿n special edu¢alK)n* ￿d$.
.3. Addthonal eartyyears entil￿mentftI￿￿g by SoU￿rk c(x￿1 to suFyKt ptuwbptS.
.4. C￿tr￿U￿On$ made bYWOrk￿8¢ts Nursery Schemes.
13. Reconciliation of net expenditure to net cash
provided by operating activities
2024
2023
Net expenditure
Depr￿atIOn of tangit4e assets
Loss on disposal of tangible assets
IlncreasellDecrease in debtor5
(Decreaselflncrease in cr￿jitorS
Bank interest re￿Iva￿e
Net rash IOLrtnowlnnflow from otEratirvJ actimties
39,008
7,720
186,4731
5,031
109
1.096
28,513
15681
152.2921
18,9101
117,9571
2,0931
17,768
18

ARC COMMUNITY TRUSTEES
Icompany limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
14. Operating lease commitments
At 31 March 2024. the tharity had total minimum lease payrnents under non-G4ncellable otErating leases as set out below
2024
2023
Within 1 year
Behveen 2 to 5 years
101,909
300,000
104.511
401,909
15. Related parties
During the year. nursery fees paid by the Twstees total￿1 £40.971 12023.. £34.8101.
During the year, handyman ServI￿S provided by the parb)er of a Trustee £1.71412023." £nill
16. Company limited by guarantee
Every trustee promises. If the Charity is dissdved %thile he or Is a mernber. or within Iwdve months after he Dr ceases to
a rnembei. to contribute such sum (not exceeding £101 as may dernanded of him or her towards the payment of the debts
and liabilib.es of the Charity incurr&J tefore he or she ceases to it a member. and of the costs, charges and expenses of
winding up. and the adjustment of rights of Ihe contributories among themsdves.
19