REGISTERED COMPANY NUMBER: 07983185 (England and Wales) REGISTERED CHARtTY NUMBER: 1147559 Re rt of the Tntste•s and Financial Statements for r Ended 31Ji t20
PUDDLEDUCKS NURSERY AND PREXHOOL UMITED CONTENTS OF THE FINANCIAL STATEMEW Reference and Admlnlstratlve Detslls Report ol the Trlfee¥ 4 to 6 Report of the IndepenthntAuditorB ststem•nt of Flnanclal ArAivllt¢$ 10 Balance Shetrt Cash Flow Statsm•nt 12 Notes to the Cash How Statement 13 Notes to the Financial Statements 14 to 20
PUDDLEDUCKS NURSERY ANO PRE4CHOOL UMFTED REFERENCE AND ADMINISTRATf4E DETAILS Regl8tered Company number 07983185 (ErwJLqrKI and W*5) Reglstered Charity number 1147559 Rèylst•r•d offi¢¢ Pewsey Prtmary Scthool Wknl Roaj wt$ SN9 5EJ Trustees: Nicola Gilbert Caroline Bayres Daniel Clark Cheryl James {rwned 24 J8n 20251 Karen Shiekls Wendy SperKer Linda Tiapneu R(xJer WTrMle Lisa Miknèr lj'oined 27 Feb 20251 Senior Wknnagemènt T•am- Amy Spence C¢)mpany Sèuetsry: Helen Johnson Audltors: SUMerAurtCo rnited Slalulory Aurfitttr Chartered A¢xwntants County Gate County Way Trowbridge Wiltshire BA14 7FJ Pagel 3
PUDDLEDUCKS NURSERY AND PRESCHOOL UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The trustees are also directors of Ihe tharity for Ihe pr[e5 01 the Companies Ad 20C6. presenl their report with the financial statements of the tharity for the year ended 31 August 2025. The Iw51ees have adopted the PlDViSiOnS of Accounting and Reporting by Charities.. Statement of Recommermled Pradicè applKstAè to eharitiès preparing their accounts irt accordano with the Finanaal Rèrthng Standafd arable in the UK and Republic of IreLand IFRS 1021 leffective 1 January 20191. OBJECTIVES AN[) ACTIVITIES Objectives and aim8 The prinupal aUiviEy ol the rnpany is the pro$1 of nutsery and ¢dt)n for batsles and pr&schcM)I children. Public benefit Thè trustees confirm that th8y have Compr th& requifements of s&Xti)n 17 of the Charities Act 2011 to have duè regard to thè public guidan( published by the Charty commiss for England and Waks. Alms and perfomiance: Puddléducks Nurséry 8ims to provide high qualty. affordab and indusive cildcare for thiklren frorn birth to five, in a safe and suppthve environment. offering stimuLatiTrJ and rrdIng activiknes k)r JI atNkties arKI where staff are suptmjrted and rewarded and partnerships wth parents are forged. Th8 Nursery is registered with OFSTED wh monitors the rTrafional sland8rd5 of thIk1[9 prowsion and edtion and reIved a rating of good in all areas at the last inspectm in September 2022. ACHIEVEMENT AND PERFORMANCE In September 2022 the Nursery pined wth thg Alfred Acadeffly Twst. This move has r¢sulted in ckser working with Pewsey Primary Schoc41o ddiver a rounded rIKluM and Seat55 CXpenen for parents as theirchild transitions from the Nursery into Pewsey Primary SclK)d. Sn athfition, the trust have been able to provide in depth training. development and pport for our staff in arÈ8s suth as SEN. saf8guardirwJ and finae, additionally sharing Spa and resour across thÈ Tmst È.9. Stx)rts day and thè Christmas production fot the Nuisery was on the Primary School site to faalitate larger numbers. We havo also invested in staff tra19 by assjgrkng Spe0"f days to traning ensuring that all staff are omplkanl with Earfy Yeais slaThlards. The past year has seen an increase in thildren attendiThJ andthe Nursery 15 nowat full capactywrth warting lists for babies and toddlers. DLEe to inueased numbers. the after school dub is held on the Pe%w Prirnary STte in the school hall and also uses the grounds and equipnth that are age appropiiate for the children. We employed an average of 13 stsff throughcMA the year. Nire staff hcld a revant earfyyearfs qualifiGion. one of whom holds a level 4 qualification and one a level 5. Staff a encouraged to develop and maintain their skills, we appointed an apprenti as planned during the year and she is cuitenty lTrJ SLVPOrted lo complele hef level 3 8pprenticeship having already completed her level 2 successfulty. We have been able to replxe all the (r¥3 in the riJms as planned this year, this has created a deaner, safet environment for our children. We have also replaced much of the frjmiture in ts Pr&Sthrx)J rocrfn. Vve plan lo replace the lighting and the fenang in the Pr&hO room nexi year. Golng Conc•m Predicted attendance raInS good and the Iwstees have a reasonable expectation that the NuTsery has adequate resour to conti)ue in operational existence for the foreseeable fijture. For thi5 reason, it omtinues lo adopt the 90ing concern basis in weparing the finanaal ststements. FINANCIAL REWEW Flnan¢lal posltlon The Nursery had an in-yeaT surplus of £51,445. At tl 31 Affjust 2025 the actual sOn was £103.858 (2024 £52,413). Total inctsmo forthe 12 month period was £365.71812024: £337.177). Totsl expendilur8 was £314,27312024.' £322.734). King Awred Trust look tsver the lease of Puddleducs Nuwsery from Wdtshire Coun¢d on a 27-year remain#ig lerni in September 2022. Investment policy All funds sU[uS to immediate requirements are invested to optirnal effecl. RÈyÈNes policy 11 is the p()licy to rnaintsin $uffK>ent reseNes to Coveroperaling in the short term. Althe end of the reporting period, total fund5 held are £103.85812024= £52.4131. The Nutxry serveS a not Iude within the reserves policy of King Alfred Tru8t. Page14
PUDDLEDUCKS NURSERY AND PRE4CHOOL UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Prlnclpal rlsks and uncèrtaintiès The principal risks faung tha Nursèry are as folh)ws: Financial - a fall in inlake could resutt in the Nursery becxjnwng fnanciaty unstainabk. The budget ts b.ffjy monitored and regularly updated wth latest forecasts. Stsffing-the success ofthe Nursery is dependenton the quality ofts staff. The trustees mnitorpdKies and procedu lo ènsure continued devdopment and training of staff ar dear sUSsion planning. Safeguarding arKI child prolection- Ihe trustees c4)nnUe to eUre the hthesl stsndards are maintsined in the sele¢tion and monitoring of staff, tt ¢Jperdli¢)n of child proteLon p)licaes and procedures, health and safety ar disaplinÈ. FUTURE PLANS The Nursery Mll continue to work dosety wth Pewsey Prmary Schod. the %wap around care will continue to be (kveloped, dictated by neèd. are aware ofthè need to be ab to offw w stour care for 811 our families by Septembèr 2026. The Setng wll continue to work tcwtsrds aC¢rJ1tatiorn for'The Curiosty Approach.. an a(£réditation rèctynising Curiosity, awe and wonder in Earfy Years and is the staff vith OPPL¥tunibe5 to review and refiect on Iheii provision. environment and inquisitwe rrents for thldren. We are crealing the Ihithrs., InvestlOrS and th)ers oflhe future. We will continue with our re4Ieo)ration and refurbishment proJramme of LtFJating the seitirKJ ensuring it is an invitin9 arKI calming and safe spe for our child. The Nursery will continue to enhaThx and develop finks with the schocl, for examp Sports Day aThJ Christmas perfo[rnas will be held on the scocA site- taking advantage of the bjikling and its lacilities and developing strong links. Th& out(h)or léamin9 spa¢e al Pewsey Primary Schrd will be ulilised bythe Nursery to enhare the leaming opportunities provided to the thildren. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its govemiwJ do0jm1. rts ArliGks ofAsxKiation. and ¢trte$ a lirnited cornpany. limited by guarantee. as defid in the Cemparnes Act 2(. The chartiy whs inrx)rw)thd on 9 March 2012. Rècntitment and appointment of new trustees The Directors ofthe Nursery are also charity tnjstees for Ihe purposes of charity law. Under the requirements of thè Memorandum and Articles of association the trustees afe elected to serv8 lor a period 0fr years aftèr which thèy must be re-elected at the nexl Annual General Meeting. Organl8ational structure and how th• charity makes dèelslons King Alfred Trust is the parenl company and sole member of PuddledL5cks Nursery and Pre S(*K)ol. KirwJ Trust holds 100% of Ihe voting rights ofthe Nuw. boatd oftrustees up tg 6 tirTW a year. Induction and trainlng of nwtrust The training and indudion ol new Irustees will upon their e$t1[j èxperiw¢e w¢uld atways irKlude a tour of the Nursery and a Chan to rrwl stsff and thikjien. All trwtees 1ve wp1&5 01 polMies. procedures and minute5 and financial information required to undwtske Ihwr role as Iwstee5 and an eslIng trustee is appointed as a mentor for the first 3 months. Risk management The Iruslee5 continue to review the maTrJT strategic. tine$S and operatic1 risks thè Nursery f8c£s. ThÈ rigk register revied at eath board Mting. Arrangements for settFng remuneration of key management personnel The trustees wiew thè pay of key management perwnel annualty. Pay increases are awarded on the basis of a successfijl rk>rMSnce managemÈnt review Page15
PUDDLEDUCKS NURSERY AND PRE4CHOOL UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Fundraising standards infomiaiion The Nursery does not use any exiemal fiJndrdiSers. Al fuEKtraisirwJ undertaken durirvJ the y¢arwas rnoni10d by the Iwslees. STATEMENT OF TRUSTEES. RESPONSl8iunES The tru51¢e5 (who are direGtots of Pud(lleducks Nursery and Pre-school LimTted for the purposes of company lawl are responsible for preparing the Report of the Trustees aThJ the financkql stsierrents in aCrdance wlh applicable law 8nd United Kingdorn Ac(xntIng Standards (United KIn10M Generally Accept&J Accounting Practi1. Company law requi the trustees to ppare ffinanaal Statet$ for each finarrial year which give a true and fair view of the stale of affairs of the charItae company and of the irK¥J&rj resources and atwicalion of resour¢e5, induding th incorne and expenditure, ol the charitable company for Ihat period. In Preparing those financial statements, the twslees are required to select suitable acccJnting p)lics and t appty them cfjnsistenlty," observe the MethYS and prinaples in the Charity SORP.. rnake judgements estimates that are reason8tk arKI prwjent.. FKepare the financial statements on g(Mry rA)rKern basis u$$ it is inappropriatè to presume Ihat thè thari18Ne compafty wll ¢onlinue in business. The trust8 are responsikAe for keeping prTJpet xcountsJ9 recotds disclose wrth reasonable accur4cy at any time the finanaal p¢xsiknn of Ihe iknritabk <x)mpany and to enab them to ensure that the ffinarKial statements comply wth the Companiès Act 2006. Thèy arè 81so rÈsponsiNe for safegua(ding the assets of the charitable C4Jnpany and hen for taking rèasonab stÈps forthè prV110n and dated1 of fraud other irregularthes. In so far as the trustees are aware". there is no relevant audit infonnation of which the charitabbe companls auditors are unaware., and Ihe trustees have taken all steps that ought lo have taken to make themselves aware of any relevant audit infomiatKin and to establish Ihat the auditors are aware of thal information. AUDITORS The auditors., SurneT Audilco Limited. wll be Proposed for rfrappointrwl at the forth¢ir3 Annual General Meeting. Approved by order of the board of trleeS C .. . . . arnl sTrgrd on its bÈhaff by.. Nicola ilbert. Trustee Pa9e16
PUDOLEDUCKS NURSERY AND PRE4CHI)OL UMITED REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCHOOL LIMITED Opinion We have audited the ffinanoal statements of Puddledwks Nursery and PSc mited lthe'chaiiiable company'l for the year ended 31 Augus12025 which compiise th¢ Slatement of Financ431 Activitses. the Balan Sheet, the cash Fkjw Statement and notes lo the financial slatemerrts, induthng 3 summary of swJnrfKant accounting policies. The finanrAal reporting framewowk th81 ha5 been arplied in thèir weparation is appIable Law and United Kingdom Acunting Standards Iunited lQngdom Gènèrally A¢£eptÈd Accoting Pra¢tLel. In our opinion the finanL7al slatemenls-. give a true arKI fair view of the statè of the chaiitable c4)mpanls aflair5 as al 31 August 2025 and of 115 irwming resources and application of resources, incknjing its Irome and expenditure, for the year then ended", have b$en property ppared in accordan with Uniied '10M Generally Apted Accounb"ng PractrA.' and have bBen prePad in awdan¢¢ with the requ1reThnts ofthe Companies Art20C6. Basis for opinion We conducted our audit in aCccdar ¥wth Intemational Standard5 on Audtbrtg (UK) {ISAs (UKII and applicable law. Our i¢sponsibilttios under those standards are further described in the Audfcors, rÈsrK)nsibilrti•s for the audit of the financAal statements section of our report. We are independent of thè tharitablè )MpanY in accordan the ethical requirements that are relevant to our audi¢ of the finanryal ststernts in tho UK. induding the FRC'S Elhical Standard, 8nd we have fulfilled our other ethical respor6ikMlities in awYdarKè these reqLtirements. We believe that the audrt eviden we have obtained is sufficient and appropriate to provide 8 ba$ for (Mjr opinion. Conclusions relating to goiry ¢on¢em In auditing the finanaal statements, have wnduded tliat the 1rustees' use of Ihe goiTrJ con ba515 of ¥wurtb"ng in the preparation of the financial statements is approwiate. Based on the wtsrft wè have pèrfomèd, wg have not id&ttified material uncertatnls retBting to events or (x)nditions that, indNidually orwlledwety, rnay ¢251 n[ficant dcKJbton charitys alIty10 continue as a going ¢onem frjr a p8riod of at least tsyefve months from when the fmanoa slatements are auihCSed for issue. Our r8sponsiknilitlèS 8nd the re$slItieS of the tnjslees with respecl to going oyTrcem ate debed in Il levant $e¢bon$ ol this ieport. Other [lOrni#t10n The trust8•s arè rèsponsible for the other inf0MtiOn. The other lnfwrnatl c¢)rnprises the information induded in the Annual Report. other than the finarrial ststements and our Report of the IrMkp&ident Audrtors thèrè1. Our oixnion on the finarrid stalements does not cover Ihe othÈr informat#)rt and. excepl to lh& extont otherwise explicitly stated in our rèport. we do not express any fom of assijrance ¢dUs}n therevn. In cnneCtiOn with our audit of the finaFwI statements. our resKXm5ibÈlity ts to read the other infonnation aThJ, in doing SO, consider whether the other inf0mtiOn is materialty irrnnsistent with the finantial statèmènts or our kno*&Ja obtained in the audit or otheiSe appears to be malerially mi5Staled. If we identify sh rnaterial bnc4nw5tencio$ or apparent material misstatements. we a required to determine whether this gNes rise lo a material m45Statement in the finanaal statements themselves. If, based on the we have perfonlled. we condude that is a material misstatement of this other infortnalign, we are required to report that I1. We have nothing to rert in this regard. Oplnlons on othèr mattèrs prescribed by the Companies Act 2006 In our opinion, based on thè work undertaken in Ihe ctyjrse of the audit.. the infoim8liw given in the Repgrt ofthe Trustees forthe fironud yearforwthth the finantsal ststernènts a prèparèd is consistent with the financial statements", and the Report of the Tnjstw has been prep8red in accordae wth applKatle legal requiremenl5. Page17
PUDDLEDUCKS NURSERY AND PRE-SCHOOL LIMITED REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE- SCHOOL LIMITED Mattèrs on whl¢h w• are r•quired to Frt by exception In Ihe light of the knedge and understaring of thartsble c(xnpany and its enwronment obtained in the cours& of the audit, we have not identified Materi misststerTwts in ts Report of the TFUStees. We have nothing to report in reSt of the frAILywing mattèrs IhÈ Companies Act 2(Th requires u5 lo report to you rf, in our opinion". adequate actIlg records have not been kept or retums adequ our audrt Iw¢ not been rewed from branthes not visited by us; or the finanriaj staternents are not in agreement th thè acccyjnting reCoS and returns. or certn disclosu$ of Irustees. raMunera'C speufied by law are not made.. or we have not Weived all the information and explanatb)ns requife lor ouraudit,. or the trustees were not entitled to take advantage of the small companies exempb'on from the requiremenl ID prepare a Strategic Report or in weparing the Report ofthe Tntstees. Rèsponsibilitss of trustee As èxplained more fully in thè Statèment of Trustees. ResponsNibes. the trustees {¥tho are also the directors of the ¢h8ritable company for the purposes ol company lawl are responsible for the preparation of the financial statements and foi being satisfied that they give a true and Iwr view. and for suth intemal control as the trustees determine is necessary to enable the pieparxtion of firt8n¢K41 ststeErTrents thal are free from material rnisstatement, whethef due to fraud or error. In weparin9 thèfinarKx81 statèmènts. Ihètrktstees are respoltsibleforassessing the charitable companls abiltyto continue as a going confj¢m, di%l0sing. as appliGable. matters relateil to wrMJ and using the going cern basis of accounting unless the trLtstees either irrtendto liq(udate therrt8Ikn u)mpany w lo se oporations, or have no realistic altemative but to do so. Pag¢18
PUDDLEDUCKS NURSERY AND PRE-SCHOOL UMITED
REPORT OF THE INDEPENDENT AUOITORS TO THE MEMBERS OF PUDDLEDUCKS NURSERY AND PRE-
SCHOOL UMITED
Our responsibilities for the audit of thg financial ststernents
Our objectNes areto obtain reasonable assmjrarte aboUtelher1hefin3nC1aI slalernents asa are fre8frDrn material
misstatement, whether due to fraud or èrror, and to issuè a Rewt ofthè Indwndent Aurtittsrs that indudè5 our opinitsn.
Reasonable assuranc& is a hi9h level of assuranc£. but is not a guaranleè that an au¢tit conthjctèd in ae£ordanttè with
ISAS (UK) will always detecl a material misstatotnent when rt exists. Misstatements aiisE Ir()rn fraLMI or error and are
considered material rf. indiwdualty or in the ajgregate, they asOnablY be èxpected to 1nfiuee th? Economic
decisions of users taken on the basi5 of these finanaal slatements.
The extent to which our procedures are capable of dete(ng irregLlarities, idudiig fraud is detailed belcy•r.
Basèd on our under5tarYing of the charity and the provish)n of we SC> selvices, we identified that the principal risks of
non-compliance vAth laws and regulations related to safeguarding. healih and safety. employment law, Companies Act
2006 and Charity Law, and we considered the exlent lo whKh non
PUDDLEDUCKS NURSERY AND PRE4CHOOL UMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE Y&4R ENDED 31 AUGUST 2025 2025 Total funds 2024 Total fijnds UnreslrKte4J Restllcted frjnd funds Notes INCOME AND ENOOWMENTS FROM DOnatiS and legacies Investment Income 672 672 Charitablè actiwtiès Nursery and Pre-scho 365,046 336,769 Total 365.718 365,718 337,177 EXPENDITURE ON Charitable activities Nursery and Pre•Sthoc4 314.273 314.273 322.734 NET INCOMEIIEXPENDITUREI Transfors between funds 51.445 51,445 14.443 Net movement in funds 51.445 51,445 14.443 RECONCILIATION OF FUNDS Total funds brought lon¥ard 52.413 52,413 37,970 TOTAL FUNDS CARRIED FORWARD 103858 Pagel 10
PUDDLEDUCKS NURSERY AND PRE-SCHOOL UMrrED REGISTEREO NUMBER 07983185 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 FIXED ASSETS Tangle assets 12 1,724 CURRENT ASSETS DeblDrs Cash at bank and in hand 13 32,819 4,451 62.390 130,&52 66.841 CREDITORS Amounts falling due hithin one year 14 P8.518) {14,428) NET CURRENT ASSETS 102,134 52,413 TOTAL ASSETS LESS CURRENT LJABiunES 103.858 NET ASSETS 103.858 FUNDS Unrestricted funds RestrKted funds 16 103,858 52,413 TOTAL FUNDS 103,858 These financlal statements have been prepar&J in accordan wilh wo¥iwns app4icabk to tharÉtsblg wmpanies subjed lo the small companies regime. IL The financial statements were approved by the Board ofTrLStees authorised lor issu& ........... . WÈfÈ signe(l on its behalf by.. Nico Gilbert- Trustee Pa9e111
PUDDLEDVCKS NURSERY AND PRE-SCHOOL UMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 202S 202S 2D24 Notes Cash flows from 0ran9 aetivitl•s Cash genetated from operati& Nel cash provided by opeiatin9 admties 36,495 11.664 C•$h flows from investing activilies Puichas8 of tangble asse1$ 1.724 Net cash provided tyl{used in) investing actpth.es 672 408 Change Sn cash and cash equlvalents In the reporting period Cash and cash equivalents at th• beginnlng of the reporting riod 62.39) 73.646 Cash and cash equlvalents at the end of the reporting period 62.3 Page112
PUDDLEDUCKS NURSERY AND pRECHOOL LIMrrED NOTES TO THE CASH FLOW STATEME1 FOR THE YEAR ENDED 31 AUGUST 2025 RECONCILIATION OF NET INCOMEI{EXPENDrruRE} TO CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net IncomgllexpgndltyTr) for ffjportlng yriod {as p¢rthe Statement of FInala1 Actlvibes} Adjustments for.. Interest RÈeèived O¢¢r¢asel(In¢reasel In debtors ID¢ueas¢1fin¢ax in Gredi 51.445 14,443 1672) 128,3681 14.090 {4081 {918} 24.781 Not ¢a$h provtd¢d by owrntlons 36,495 11,664 ANALYSIS OF CHANGES IM NET FUNDS At 1.9.24 Cash flow At 31.8.25 Net rAsh Cash at bank and in hand 62.390 35.443 97,833 Total Page113
PUDDLEDUCKS NURSERY AND PRE-SCHOOL ED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 STATUTORY INFORMATION PjdIeds Nury an($ Pre-school rs a tharrtable company linited by guarantee. without share captal. thè company Tegistrabon nUMr and regi51ered address are gNen tn the trustees repNt. AcCclmNG POUCIES Basis of prgparing the financial ststements Tttè financial statemthts of the thariiable company. is a benefit entity undor FRS 102, havp been wepared in accofdance with the CharitEs SORP IFRS 1021 'AC(ting arKI Reportin9 by Charities.. Slatement of Recommended Pract1 applible to charities Preparing thwr ar£A)unts in aLa)rdance with the Finanaal Reporting St2ndard aptyicable in the UK and Republic of Ireland (FRS 1021 (Èffèthvè 1 January 20191,. Financial Reporting Standard 102'The Finanaal Reporthg Standard applicable in the UK and Republic of Ireland. and Ihe Cornpanies Act 21)06. The financial statements have been prepared undet the historical c1 convention. The finanoal statements are prepared on a wng basis under th8 historral cost convention, modiffied lo indude certain rtems at fair value. The ffinantial statemenls are prepared in stethng which is the furKtion81 currency of the charity and rounded lo the nearest wirwj. There are no signrfKznt areas of judgements orkey $tyJrs of esbmation urrtainty. Golng eon¢¢m The trustees a55¢ss whether the use of going cOrM is apFryJriate i.e. whether thèrè are any matèrial uncertainties rdaled to èvents or conditions that rnay cast signifunt doubt on the ability of the caritsble company to C¢tinU as a going ccrtxem. The trustees make this assessment in resCt of a period of al least one year frimn the date of authorisation for issue of the fmarKial statements and have wncluded th81 the charitsblg coPanY has adequate resources to c(rtinue n 081?1 exi%ten¢è forlhÈ forès8È8ble fuiure and there are no material uncertainties atrt the tharilable company's ability to cnntinue as a ytiing o)n¢em, IFWS they continuè to adopt the going cotKem basis ofac(ayJnty"rs in prepanng thg firw¥ial stsl¢m¢nl5. Income All inccthe is recognised in the Statement of Firt8neial Admiiès once the charty has entiilement to the funds, it is probaLle Ihat Ihe iro)me will be receNed and the $Mftt Measu l3y. Income frorn govemmenl and othei grants, vhther '<wf grants or 'revenue' grants, is recognised when the tharity has enlitlenEnl lo the hJn(L%. any pèrfom)ancé cotxlit+ons attached to the grants have been mel, it is probable that the income will be rètANéd and thè xmount can meaSUrj reliably and is not deferred. Expenditure Liabilitie5 are recognised as exwnditure as s(x)n asthere isa legal OrotrUCtive obligation commstbng the charity to that expenditure, it is probable that a traN4fÈrofèeAX nefitS will required in setdement and the amount of the obligation Can be measured Eyndrtui¢ is a¢xounted for on an acCDJa basss and has been d8ssffied under helingS that aggTe9ale all c¥J¥t rdated tts the category. Where $tS cannot be directty attributed to particular headings Y have all(Mxted to actsvib.es on a basis cOrlStent with the use of resources. Irreo)verable VAT 15 charged against Ihè ÈxpÈnthiurn h•lin9 forwhich Èt was incurred. Tangible fixed aets Assets costing £1,000 or more are caFMÉalised as tsngibk fixed assets and are carried at cost. net of depreaation. Depreciation is provided at the fouowing annual r3tes in order to vKile Off eath assèt ovèr its estimated useful life.. Long leasehold buildings 15 to 1(MJ years Leasehold Improvements 20 years FiYturÈs, filtings and equipment 5 years IT equiwnenl 3 years Puddleducks Nursery and P SchocA leased the bullding from WtshITe Cwncil. In September 2022. IIR Nursery )ined KiThJ AIFred Trust whts al that w.nt took over the r8masniryJ 27-year lease from Mshire Counal for nil consideratKJn. Taxatlon The chaiity is ?xempl from corF(Jration tax on its thaiitatle acbviiS. Page114
PUDDLEDUCKS NURSERY AND PRE4CHOOL UMtTED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S ACCOUNTING POUCIES- continued Fund ateounttng Unreslrided fun¢J$ can used in arJO ?h the ¢haiilable obp¢tives al the disudion ofthe trustees. Restricted funds can only be used for particular renCed purposes wthin the objects of the charity. Restrictions arise when speofied by the donor or when fiJnds a raised for parknJlar tricted purposes. Further explanation of the natu and puw ofeath fund is induded in the notes to the finarrial stalements. Pension costs and other postrfelirement benefits The charitable company operates a defined contribution Fertsion Sche. Contributiorss payable to the charitable companls pension $chne are charged to the Statement of Fina31 ActNibes in the peri&J to which they relale. Financial instruments The charity only has finan¢ial assets and finanual liabilities of a that qualfy as basic finanual irtrUments. Basic finanual inslwments e intsuy rnISed al transaLknn value and subseouenlly mèasured at their settrrent V81ue. 0gbtor¥ Trade and other debtors are recognised al the 5elUement amunt due after any trade discount offered. Pmpayments are valued at the amnt prep nèt ofany trade discwts dua. Cash ¥t bank and in hand Cash at bank and (xsh in hand inckwjes cash and short temi highty rUj inveslments with a short maturity ofthree months or less frorn Ihe date of acquisrfion or open[j of the depogt or simlar arrunt. Creditors and provisions Creditors and provisions are recognrsed vthere the tharity has a present obligatM resulting from a past event that will probably result in the transfer of fvnds to a third party and the amount due lo settle the oblig8tTron can be measured or estimated lIablY. Creditws and provisions a norrnalty recognised al their ttlement amwnl after a111)wing ts any trje discounts due. DONAMNS AND LEGACIES 2025 2024 Donalions INCOME FROM CHARITABLE ACnVITIES 2025 2024 Fees Gtanls 128,926 236.120 197,225 139,544 Pag8115
PUDDLEDUCKS NURSERY AND PREHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S CHARITABLE ACTIVITIES COSTS Direct Costs (see rte 6} Support sts (see note 71 Totals Nursery and Pr&-Stho 180,082 134.191 314.273 DIRECT COSTS OF CHARITABLE ACTivmES 2025 2024 Wages Social security Pensions other Ewnployee costs inc staff trainiThJ Educational SupF4ies 162,243 12,800 3,196 613 1,230 178.729 12,108 2.725 1.306 3,270 180 082 198.138 SUPPORT COSTS 2025 2024 Nursery and Pre-SL*tAII 134,191 124, Support costs. induded in the above. are as follcws.. 21Y25 2024 Support Staff Costs Tethnology Cosis Premises Costs Other Support Costs Auditors. remunat1r 76.112 1.479 32,140 18.020 6,440 80,221 2.646 17,489 19,260 124,596 Page l 16
PUDDLEDUCKS NURSERY AND PREXHOOL UMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 NET INCOMEIIEXPENDITUREI Nat incon<èxFdrture) is stated after tharg1(CredIthng). 2025 2024 AuditDrs' remuneration 6,440 5.000 TRUSTEES. REMUNERATION AND 8ENEFs B Smith. was a trustee and employed by the tharity as Nursery Manager up to 14 January 2024 an11 eamed gross salary of £Nil.12024: £1,926) and employers pensi corrtritth.on of £Nil12024". £Nill Trustees. ¢xpènsÈs There were no twslees. eypenses pa9 fr)rlhe y¢ar¢nded 31 August 2025 nor forthe yeaf ended 31 August 2024. io. STAFF COSTS 2025 2024 Wages and salaries Sctial s8curity costs Other pension costs 231,388 18.480 4.483 251.737 17.774 4,272 254.351 273.783 The Key Management Personnd of the tharity (xjnsists of the Manager and B Smilh (to date of resignation) The total amount of emF4oyee benefits (salary, employerfs nati(Nl insurance and empwrs pènsion eontributions) paid to key management personnel in the yearwa5 r35.127 (2024". £33.0561. The avewe monthly numberofemployees duruu Ihe yearwas as f(.. 2025 13 2024 13 No empl¢yees ceiVed emfAuments in gx¢w of £.[). COMPARATEVES FOR THE STATEMENT OF FINANCIAL ACTMnES unreStted fvnd Restrict1 funds Total funds INCOME AND ENtflWMENTS FROPA Donations Investment Inc 408 Charitable activities Nursery and Pre School 336.769 336.769 337.177 337.177 EXPENDITURE ON Charitable activslÈes Nursery and Prtrschfyjl 322.734} 322 7341 NET INCOMEIIEXPENDJTUREI Transfers between funds Net mov¢mnt In funds 14.443 14,443 Page117
PUDDLEDUCKS NURSERY AND PRESCHOOL UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. ¢Cth1PARATIVES FOR THE STATEMENT OF FINANCIAL AcThimES- eontlnu8d Unrestricted fund Restricled funds Total funds RECONCIUATION OF FUNDS Tot81 funds brought lonvard 37.970 37.970 TOTAL FUNDS CARRIED FORWARD 52.413 12. TANGIBLE FIXEDASSETS Computer equipment Totsls COST At 1 September 2Q24 Addittons 1.724 1,724 At 31 August 2025 DEPRECIATION Al 1 S¢pternber 2024 harge fot year Al 31 August 2025 1,724 1,724 NET BOOKVALUE At 31 August 2025 At 31 August 21r24 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 225 2024 Trade debtors Amounts owng frorn group undertakiThJs 12,093 20.726 4.451 32.819 4,451 14. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Social security arKI other taxes Other uedilors Accruals and deferred income 5,123 2,109 21.286 2.919 28,518 14 428 Page118
PUDDLEDUCKS NURSERY AND PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Totsl funds unre5th.ded lund5 Restrided fuThts Fixed assets Current assets Current liabilities 1,724 130.652 28.518 1,724 130,652 103.858 103,858 Comparative Information in rg8pe¢t of the pr(teding period is as follows: 2024 Totsl nds unrestri Restricted fijnds funds CuTienl Current liabilthes 68,841 14.4281 68,841 14,428} 52,413 16. MOVEMENT IN FUNDS Transfers belwen fvnds Al 31.8.25 At 1.924 n lunds Unrestricted ftjntts 52.413 51.445 103.858 Restrtcted funds 52.413 51.455 103,858 TOTAL FUNDS 52.413 51.455 103,858 16. MOVEMENT IN FUNDS- continwl Net movement in funds. iThJLwJed in above e as fotlows: Incoming resouices Resources expended Movement in funds Uftre¥tri¢ted furNI¥ General fund 365,718 1314,2731 51.445 Restricted funds TOTAL FUNDS 365 718 314 2731 51.445 Page119
PUDDLEDUCKS NURSERY AND PRE-SCHOOL uMifED NOTES TO THE FINANCEAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 comparati infomiation in rgwt ofth? proce8ding period Is follows.. Net movem& in funds Transfers been funds At 31.8.24 At 1.9.23 Unrestrictsd funds General fund 37.970 14.443 52.413 Restricted funds TOTAL FUNDS 14.443 Comparative net movement in furKls, includeil In the above are a5 follows: InGrynirvJ resOUrS Resource8 expended Movement kn funds Unre$triet$d fund$ General fund 337,177 (322.734) 14,443 R•strlct•d funds TOTAL FUNDS 337.1TI 1322.734) 14,443 17. EMPLOYEE BENEFIT OBLIGATIONS The tharity operates a defined contribjtion penSIc $dMe. The costs for the perth was £4,48312024." £4.272). Contributions amounting to £2,109 we payable to the sd*me at 31 August 2D2512024.' Nil) aThJ are induded thin other creditors. 18. RELATED PAirrY OISCLOSURES The charitable cornpany has laken advantage ofexemptKJn. under the terms of Financkal Reporhrg Standard 102 'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland,. not lo disclose related party 1rydnsactior with btholly owned subsKliaries vithin the grwp. Page120