Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 Company registration number: 7668404 Charity number: 1144850 TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## CONTENTS ||Page| |---|---| |Reference and Administrative Details of the Company, its Trustees and Advisers|1| |Trustees' Report|2 - 4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Balance Sheet|7 - 8| |Statement of Cash Flows|9| |Notes to the Financial Statements|10 - 18| Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 |Trustees|Mr M Brown| |---|---| ||Mrs J Buick| ||Mrs D Browne| |Company registered
number
7668404
Charity registered number
1144850
Registered office and
principal operating office
Whitmoor Road
Bagshot
Surrey
GU19 5QE
Accountants
Menzies LLP
Chartered Accountants
Magna House
18-32 London Road
Staines-Upon-Thames
TW18 4BP
Bankers
HSBC Bank Plc
Slough
Berkshire
SL1 1JF
Solicitors
Blaser Mills
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE
Independent Examiner
Janice Matthews FCA
Menzies LLP
Magna House
18-32 London Road
Staines-Upon-Thames
TW18 4BP|| Page 1 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the financial statements of the Company for the year 1 September 2024 to 31 August 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## Objectives and activities The main purpose for the nursery is as stated within the mission statement: to provide high quality child-care and education for children aged three months to five years of age. As a charitable organization, the nursery seeks to provide affordable and flexible child-care and any surplus funds are reinvested in the nursery (Little Echoes is a non-profit making organization). The nursery prides itself on its highly professional approach to childcare and to the management of its activities, both of which are significantly supported by the ability to invest all surplus funds back into the business. This was the basis by which Little Echoes was able to provide the significant financial resources necessary to negotiate the period of significant financial insecurity during the COVID crisis. Little Echoes has built its reputation and success to date around the exceptional quality of childcare provided. This care is structured around a strong educational ethos within the nursery. Great attention is placed on maintaining this high quality of child-care, reflected in our strong reputation in the local community. The nursery’s premises provide many opportunities for building upon this including indoor and outdoor play areas, a sensory room and access to a large adjacent playing field. Little Echoes places great emphasis on ensuring that staff are appropriately trained and qualified and all undertake additional training with at least two courses each year. This helps to keep up to date with changes and developments within the profession. It also enables Little Echoes to recruit and retain high quality nursery staff as we grow. The nursery recognises long service achievements of staff, including the Manager, Jane, who has been with the nursery for more than 20 years, and a number of staff have 5 &10 years’ service. The Trustees have had regard to Charity Commission guidance on public benefit and are confident that the activities of the charity are fully compliant with this guidance. ## Achievements and performance The nursery owns its own premises in Bagshot and invests heavily in maintaining and improving these. The premises have ample indoor and outdoor space for the three age-groups catered for as well as a kitchen, office and staff room. The security of tenure of its own premises goes a long way to managing some of the uncertainties and risks to which such organisations are exposed. The financial and operational security afforded by this ownership makes Little Echoes relatively unusual amongst other nursery operators and safeguards the business from unpredictable and unsupportive landlords. Numbers of children attending the nursery remain robust, with the most popular times and days often over-subscribed. Most parents now reserve places for their children well in advance of their starting dates in order to ensure availability. The nursery largely relies on word-of-mouth to reach our potential market and seldom has need to advertise. Recent changes in Government funding rules for pre-school children have resulted in up to 30 hours of free childcare being available for many families. This change became fully operational in autumn 2025 and was introduced in stages during 2024-25. This is resulting in a significant shift in the source of income for nurseries from individual families to government (administered in the case of Little Echoes by the County Council). Government determines the fee scales for the 30 hours of ‘free childcare’ with nurseries now dependent on what government judges to be adequate and fair hourly rates. Little Echoes recognises the financial benefit this brings to some families and has been keen to be supportive, despite significant uncertainty and a loss of financial independence for nurseries. The nursery has engaged fully with the new scheme and offers free hours for qualifying families, despite the Government’s rates for some age groups being significantly lower than our own market rates. The small financial loss incurred in 2024-25 was in part due to these lower government rates and the lack of time for the nursery to adjust to these. Page 2 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 The nursery offers a wide range of activities to children based on its excellent facilities, including an all-weather indoor play area, well-equipped kitchen (and resident chef) offering home cooked food made daily from fresh ingredients, several outdoor play areas and a sensory room. The site also has spacious staff room facilities. Little Echoes offers opportunities for all children whatever their race, culture, religion, means or ability, including those who require special care or additional attention from staff. Over the past year, a number of improvements have been undertaken, including further internal redecorations, purchase of kitchen appliances and a new bin store with associated paving. Further improvements to the building fabric and the replacement of life-expired fittings are planned for the current year. The nursery was inspected by Ofsted during 2021 and achieved a ‘Good’ status. We are particularly proud of our catering and of our full-time chef’s hard work. We offer the children exceptional fresh and varied food and are proud of our 5-star Food Hygiene Award. ## Financial review 2024-2025 continued to be impacted by the ‘cost-of-living crisis’ with the cost of food, utilities and asset maintenance continuing to rise at around 3%. In addition, changes to minimum wage legislation resulted in staff salary costs rising at well above the prevailing rate of inflation. This was compounded by the rise in employers’ national insurance rates. The Trustees were aware of the impact of childcare costs on family finances and attempted to keep fee increases as low as possible. As noted above, the new government free-childcare scheme which came into force in the course of the year introduced considerable uncertainty to the process of financial planning as information on government sponsored hourly fee rates was relatively late in being made available to nurseries. As a result of these factors the nursery recorded a loss for the year of £7,854. This was on incomes of £730,140 and expenditure of £737,994. The nursery has savings of just over £360,000. Little Echoes is planning maintain this surplus of funds that can be used for investment projects, long term maintenance of the premises and act as a buffer against future risks and uncertainties. The COVID 19 crisis and recent inflationary pressures illustrate the type of unplanned events for which an element of financial and operational resilience is required. The operating costs of the building are under regular review and our maintenance and renewal schedule is intended, in part, to ensure maximisation of the long-term asset value. We also aim to ensure that maintenance and renewal costs are broadly equivalent each year and to avoid extreme peaks and troughs of expenditure. Demand for places continues at equivalent levels to previous years. Significant housing developments are underway in the catchment of the nursery and the Trustees are confident that the local market around Bagshot will generate a healthy demand for the high-quality services offered by Little Echoes and that the long-term future of the nursery remains secure. The Trustees and Management are confident that Little Echoes is trading profitably and is projecting that this will continue for the coming year despite the continued challenges of further rises in staffing costs and economic uncertainty. This reflects the fact that the nursery finances remain robust, despite rising staff and material costs, with a growing roll and continued enquiries about new places. The Trustees will maintain their policy on fees of having a competitive position in the local market and providing affordable, high-quality child-care to the local community. Whilst the nursery is registered for 65 children (at any one time), it is not our intention to operate to this capacity as we believe a higher level of individual care brings significant benefit to the children. The reserves of the charity are substantially invested in the nursery building of Whitmoor Rd, with working capital provided by careful management of resources. The Accounts are accordingly prepared on the Going Concern basis. ## Structure, governance and management Little Echoes is a registered educational charity, constituted as a limited company. The charity is overseen by trustees, who are directors of the charitable trust. There are currently three Trustees with appointments being confirmed by the Chair of the Trust. There are no time limits on the length of service of a trustee. The Trustees have no financial interests in the business. The Trustees are assisted by a part time book-keeper who oversees payroll and general management information. Trustees are appointed via a Page 3 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 unanimous vote of the existing Trustees. Any Trustees or the Nursery Manager can nominate a candidate. The Nursery is managed by full time manager, Ms Jane Gratton. The Trustees and Manager form an Executive Committee which meets, on average, every six weeks. This Committee also acts as the Nursery’s Finance Committee, of which the book-keeper is also a member. The Executive Committee deals with investments, business planning, staff salaries and other significant areas of cost, setting of nursery fees and other notable issues raised by the nursery’s management. Strategic risks are reviewed by the Executive Committee who ensure that appropriate actions are taken to manage such risks. A Parents’ Committee exists to provide engagement with and feedback to nursery management and to plan fund raising events. This meets monthly. Nursery management have full day to day responsibility and accountability for operation of the charitable business, within the limits agreed with the Trustees. Little Echoes is a member of the Pre-School Learning Alliance, who provided support in establishing the business in 1991 and from whom it has received PLA Accreditation. It also has Investors in People status, which was renewed following a recent inspection. ## Plans for future periods The Trustees and Management produce an annual investment and capital renewal plan which prioritises significant expenditure on equipment and the fabric of the site. Over the coming year, it is intended to concentrate on further improvements to the exterior facilities and general renewal of life-expired assets. We also recognise that some adaptations will be required to ensure smooth compliance with the Government’s expanded scheme for subsidised childcare. Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ Mrs J Buick (Trustee) Date: 14-Apr-2026 Page 4 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## INDEPENDENT EXAMINERS' REPORT ## Independent Examiner's Report to the Trustees of Little Echoes Day Nursery Limited ('the Company') I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 August 2025. ## Responsibilities and Basis of Report As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## Independent Examiner's Statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed: Dated: 16-Apr-2026 Janice Matthews FCA Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP Page 5 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025 |Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward|Unrestricted
funds
2025
£
149
723,361
6,630
730,140
737,994
737,994
(7,854)
653,710
(7,854)
645,856|Total
funds
2025
£
149
723,361
6,630
730,140
737,994
737,994
(7,854)
653,710
(7,854)
645,856|Total
funds
2024
£
1,097
677,939
6,426
685,462| |---|---|---|---| ||||658,670
658,670| ||||26,792| ||||626,918
26,792
653,710| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 10 to 18 form part of these financial statements. Page 6 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 7668404 ## BALANCE SHEET AS AT 31 AUGUST 2025 |Note
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
12
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds|362,735
362,735
(40,916)|2025
£
456,838
456,838
321,819
778,657
(132,801)
645,856
-
645,856
645,856|373,302
373,302
(35,823)|2024
£
468,148
468,148
337,479
805,627
(151,917)
653,710
-
653,710
653,710| |---|---|---|---|---| Page 7 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ Mr M Brown Director Date: 14-Apr-2026 The notes on pages 10 to 18 form part of these financial statements. Page 8 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 |Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Net cash provided by investing activities
Cash flows from financing activities
Repayments of borrowing
Interest paid on loan
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year|2025
£
22,318
-
(20,908)
(11,977)
(32,885)
(10,567)
373,302
362,735|2024
£
57,988
-
(16,840)
(17,007)
(33,847)
24,141
349,161
373,302| |---|---|---| The notes on pages 10 to 18 form part of these financial statements Page 9 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## 1. General information Little Echoes Day Nursery Limited is a private charitable company limited by guarantee and incorporated in England & Wales. The address can be found on page 1 and details of the principal activities are set out in the Trustees' Report. ## 2. Accounting policies ## 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Little Echoes Day Nursery Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## 2.2 Going concern The charity has a significant level of reserves and financial forecasts indicate that the nursery will be able to meet its financial obligations for at least twelve months from the date of approval of these financial statements. These accounts are accordingly prepared on the Going Concern basis. - 2.3 Income All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income from the provision of Nursery Education is recognised as the service is provided. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activities are costs incurred on the provision of nursery education, including support costs and costs relating to the governance of the company apportioned to charitable activities. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. Page 10 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## 2. Accounting policies (continued) ## 2.5 Tangible fixed assets and depreciation Tangible fixed assets costing £1,000 or more are capitalised. A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |Freehold property|- over 50 years| |---|---| |Freehold land|- nil| |Fixtures and fittings|- 10% straight line| |Computer equipment|- 20% reducing balance| ## 2.6 Financial instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## 2.7 Pensions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. ## 2.8 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. ## 3. Income from donations and legacies |Fundraising events
Total 2024|Unrestricted
funds
2025
£
149
1,097|Total
funds
2025
£
149
1,097|Total
funds
2024
£
1,097| |---|---|---|---| ||||| Page 11 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 4. Income from charitable activities |Nursery fees
Total 2024
5.
Deposit interest
Investment income
Total 2024
6.
Analysis of expenditure by activities
Provision of Nursery Education|Unrestricted
funds
2025
£
723,361
677,939
Unrestricted
funds
2025
£
6,630
6,426
Activities
undertaken
directly
2025
£
710,544|Total
funds
2025
£
723,361
677,939
Total
funds
2025
£
6,630
6,426
Support
costs
2025
£
27,450|Total
funds
2024
£
677,939| |---|---|---|---| ||||Total
funds
2024
£
6,426| ||||Total
funds
2025
£
737,994| Page 12 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## 6. Analysis of expenditure by activities (continued) Analysis of direct costs |Staff costs
Depreciation
Rates & Water
Light & Heat
Repairs & Maintenance
Insurance
Motor Vehicle expenses
Telephone
Expendable equipment, trips & consumables
Training
Subscriptions
Food costs
Advertising
Sundry expenses
Recruitment expenses
Equipment hire & leasing
Total 2024|Provision of
Nursery
Education
2025
£
582,759
11,310
8,754
25,153
15,470
13,481
366
1,381
13,572
1,449
2,696
23,092
1,165
935
4,281
4,680
710,544
627,726|Total
funds
2025
£
582,759
11,310
8,754
25,153
15,470
13,481
366
1,381
13,572
1,449
2,696
23,092
1,165
935
4,281
4,680
710,544
627,726|Total
funds
2024
£
514,191
12,006
4,383
26,330
12,562
4,617
-
1,257
17,997
1,616
2,501
22,337
1,401
2,146
-
4,382
627,726| |---|---|---|---| ||||| Page 13 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## 6. Analysis of expenditure by activities (continued) Analysis of support costs |Other Office expenses
Accountancy fees
Bank Charges
Bank loan interest
Sundry expenses
Total 2024
7.
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|Provision of
Nursery
Education
2025
£
334
7,842
158
11,977
7,139
27,450
30,944|Total
funds
2025
£
334
7,842
158
11,977
7,139
27,450
30,944
2025
£
552,806
21,947
8,006
582,759|Total
funds
2024
£
204
5,478
193
17,007
8,062
30,944| |---|---|---|---| ||||2024
£
486,881
19,783
7,527| ||||514,191| The average number of persons employed by the Company during the year was as follows: ||2025|2024| |---|---|---| ||No.|No.| |Staff|22|23| No employee received remuneration amounting to more than £60,000 in either year. ## 8. Independent examiner's remuneration The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,807 (2024 - £1,643), and accountancy services of £4,218 (2024 - £3,835). Page 14 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## 9. Trustees' remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 August 2025, no Trustee expenses have been incurred (2024 - £NIL). ## 10. Tangible fixed assets |Cost or valuation
At 1 September 2024
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024|Freehold
property
£
543,014
543,014
91,104
7,240
98,344
444,670
451,910|Fixtures and
fittings
£
126,828
126,828
111,118
3,964
115,082
11,746
15,710|Computer
equipment
£
4,149
4,149
3,621
106
3,727
422
528|Total
£
673,991
673,991| |---|---|---|---|---| |||||205,843
11,310
217,153| |||||456,838| |||||468,148| The freehold property is provided as security against the mortgage (Note 11) Page 15 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## 11. Creditors: Amounts falling due within one year |Bank loans
Trade creditors
Other taxation and social security
Accruals and deferred income|2025
£
21,776
2,007
10,653
6,480
40,916|2024
£
23,568
1,997
5,596
4,662| |---|---|---| |||35,823| The bank has a First Legal Mortgage over the freehold property of Little Echoes Day Nursery Limited, known as Little Echoes, Whitmoor Road, Bagshot, Surrey, GU19 5QE. In addition, there is a debenture comprising fixed and floating charges over all the assets and undertaking of Little Echoes Day Nursery Limited including all present and future freehold and leasehold property, book and other debts, chattels, and goodwill and uncalled capital, both present and future. The amount secured is £154,577 (2024: £175,485) including £132,801 (2024: £151,917) over more than one year. ## 12. Creditors: Amounts falling due after more than one year ||2025|2024| |---|---|---| ||£|£| |Bank loans|132,801|151,917| Included within creditors falling due after more than one year is an amount of £27,437 (2024: £60,465) in respect of liabilities which fall due for payment after more than five years from the balance sheet date. Page 16 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ## 13. Statement of funds Statement of funds - current year |Unrestricted funds
General Funds
Statement of funds - prior year
Unrestricted funds
General Funds|Balance at 1
September
2024
£
653,710
Balance at
1 September
2023
£
626,918|Income
£
730,140
Income
£
685,462|Expenditure
£
(737,994)
Expenditure
£
(658,670)|Balance at 31
August 2025
£
645,856
Balance at
31 August
2024
£
653,710| |---|---|---|---|---| 14. Analysis of net assets between funds Analysis of net assets between funds - current year |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total|Unrestricted
funds
2025
£
456,838
362,735
(40,916)
(132,801)
645,856|Total
funds
2025
£
456,838
362,735
(40,916)
(132,801)
645,856| |---|---|---| ## 15. Company limited by guarantee The company is a company limited by guarantee and had no share capital. Members' liability is limited by individual guarantee to a maximum of £10 each in accordance with the Memorandum and Articles of Association. Page 17 Docusign Envelope ID: 07D65516-F267-4885-A464-B627487DA470 ## LITTLE ECHOES DAY NURSERY LIMITED (A Company Limited by Guarantee) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 16. Reconciliation of net movement in funds to net cash flow from operating activities |Net income/expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest paid on loan
Increase in creditors
Net cash provided by operating activities|2025
£
(7,854)
11,310
11,977
6,885
22,318|2024
£
26,792| |---|---|---| |||12,006
17,007
2,183| |||57,988| 17. Analysis of cash and cash equivalents |Cash in hand
Total cash and cash equivalents
18.
Analysis of changes in net debt
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year|At 1
September
2024
£
373,302
(23,568)
(151,917)
197,817||2025
£
362,735
362,735
Cash flows
£
(10,567)
1,792
19,116
10,341|2024
£
373,302
373,302
At 31 August
2025
£
362,735
(21,776)
(132,801)
208,158|2024
£
373,302| |---|---|---|---|---|---| ||||||373,302| ## 19. Related party transactions The aggregate remuneration for key management personnel during the year was £70,000 (2024 - £75,000). There were no other related party transactions during the year. Page 18