COMPANY REGISTRATION NUMBER: 08812259 CHARITY REGISTRATION NUMBER: 1157645 Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Audited Financial Statements 31 March 2025 Jackson & Jackson A trading name of Jackson Nicholas Assie Ltd Chartered Certified Accountants & Statutory Auditors Suite 7, Meridian House 62 Station Road, ChiDgford IA)ndon E4 7BA
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditovs report to the members Statement of financial activities (including income and expenditure account) 14 Statement of financial position 15 Statement of cash flows 16 Notes to the financial statements 17
Little Learners Nursery Group {fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2025 The trustees. who are also the directors for the purposes of company law, present their report and the financial ststements of the charity for the year ended 31 March 2025. Reference and administratlve details Registered charity name Litile Leamers Nursery Group (fomieriy Nurseries of St. Mary's & St. Saviourfs} Charity registration number 1157645 Company registratlon number 08812259 Principal offlce and registered Brcd(e Road office Walihamstow London E179HJ The trustees Elaine James Laurence Jones Jessica Elliot Jennrfer Matthews Cherry Boyce (Retired 19 June 2024) Finance Administrator Karen Millen Auditor Jackson Nicholas Assie Limited Chartered Certified Accountants & statutory auditor Suite 7, Meridian House 62 Station Road Chingford London E4 7BA Bankers Lloyds Bank 182 High Street Warthamstow London E177JH Jackson Nicholas Assie Linuled Chartered CertifiedAc¢ountonts
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Trustees, Annual Report (Incorporating the DirectOS Report) (continued) Year ended 31 March 2025 The Trustees present their report and the audrted financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) °Accounting and Reporting by Charities- (FRS 102) in preparing the annual report and financial statements of the charity. Trustses of the charity The directors of the charitsble company are rts trustees for the purposes of charty law. None of the Trustees had an interest in any contract or transaction during the year under review. OBJECTIVES AND ACTIVITIES Purposes and Aims Our Charity's purposes as set out in the objects contained in the company's Memorandum of Association are to: a) Provide a broad, balanced early days curriculum that considers children's rights and needs: heah, education and protection, fostering independence and seff-esteem and meet the Early Leaming Goals and a supportive framework for children under five as laid down by the Department of Education. b) Support the education and well-being of children attending Little Learners Nursery, Brooke Road, Walthamstow and Lrttle Leamers Nursery. Verulam Avenue. wahamst0W, by way of grants from the Local Authority c) We are not profrt-making - so any surplus we make is used to further our organisation's purposes. d) We are independent- that is, we are not a part of any governing department. local authonty or any other statutory bodies. The above purposes are the Company's charitable purposes for the purposes of the 2011 Act. For as long as the Company is a registered charity, its purposes may only be altered with the prior consent of the Charity Commission and in accordance wtth any conditions attached to such consent. The Charty has power to do anything which is calculated to further tts charitable purposes or is conducive or incidental to doing so. In particular. the Nursery recognises that: (a) every child is unique and should be recognised as belng of equal worth. Ibl every child has physical, emotional, intellectual, linguistic, soclal and splritual needs: these should be developed respectlng the child's race, cufture and background. Ic) every chlld develops best in a loving nurturlng home envlronment and parentlng needs to be positively valued and promoted. (d) To work in partnership with parents, recognising that the education of a child is a shared task involving positive contributions from parentslcarers, children and nursery staff; (e) To ensure that children are learning to express their own feelings, to develop their skills of co-operation, respect. negotiations and problem solving (fj To offer a secure, safe, welcoming environment which promotes stimulation and positive leaming. Jackson Nicholas Assie Limited Chartered CertifiedA¢counlants
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Ensuring our works delivers our aims We review our aims, objectives and activities on an annual basis. This Icoks at what we have achieved and the outcome of our work in the previous 12 months. This review helps us to ensure our objectives and aims remain focussed on our stated purposes. The Focus of our work Our main objective continues to be to provide a broad and balanced Early Years Foundation education and to offer a safe, welcoming environment which promotes stimulation and positive learning. How our activitbes deliver public benefit We have referred to the guidance contsined in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activrties will contribute to the aims and objectives they have set. Through g¢x)d qualty child care and support we enable parents and families to maintain financial independence through Vrk orto continue in further education. Some of our children are supported to remain in fragmented families through our extended care and support through grants from the local authority. Children are able to learn and develop networks and skills whilst being looked after in a ¢omfortable and safe environment. ACHIEVEMENTS AND PERFORMANCE The Little Leamers Nursery based in Brooke Road Watthamstow and also at Verulam Avenue site are nurseries which have been judged outstanding. Our children achieve at the end of their time in the nursery a good understanding of basic literacy and numeracy and are able to socialise and interact with their peers and adults. Their learning and development is rigorous which means all children. including those wrth special educational needs or learning English as an addf(ional language make signfficant progress in their learning and development. The stsff work exceptionally well and involve parents in all aspects of their children's care. This supports children's wellbeing. Our Staff have effective links with other providers and agencies to seek specialised support as and when required. The Forest School caters for the outside education of 3 - 4 year olds. The Forest School is full and has a waiting list. The Forest School offers a unique opportunty for children to thrive in the outdoors and includes all sorts of educational outdoor activities which includes onsrte tepees, ponds. mud kitchens. hammocks, fire pit. stone circle, tree climbing. willow arch, bug hotels. den making and alpacas. Our nurseries at both sites have expanded again from September 2024 since the Government announced the new funding from September 2024 for babies and 2 year olds and the new funding inrtiatives will continue until September 2025. Our nurseries even though they have expanded we still continue to thrive and have warting lists for the baby, toddler and pre-sch¢)ol rooms together wrth the Forest School. We are looking at the potential of opening a further nursery on the premises of our other school within the Trust, st. Margaret's in Barking. We are very excited at the prospect of opening a further nursery. We have been successful in bidding for funding from the Department for Jackson NicholasAssie Lipniled Chartered CertifiedAccountants
Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Education and work start on the restructure of the school building at st Margaret's to accommodate a new unit for babies (9months to 2 years). We will be further bidding in January 2026 to open a new toddler room (2-3-year-olds) to accommodate the babies moving up. STRUCTURE GOVERNANCE AND MANAGEMENT Govèrning document The organisation is a charitable company limited by guarantee, incorporated on 12th December 2013, and registered as a Charity on 30 June 2014. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.00 Recruitment and Appointment of Members of the Company The directors of the company are also charity trustees for the purposes of charty law and under the company's Articles are known as members of the Company. Due to the nature of working with children under the age of 5 much of the charity's work focuses upon the under 5's. Wrth this in mind the Members of the Company seek to ensure that the needs of this group are appropriately reflected through the trustee body. We therefore ensure that our stakeholders. the parents. local community and church communty are used to advertise for members to assist us using their own experiences with the under 5's to assist with the Nurseries. Olsr current members are extremely knowledgeable in all aspects of the Charty including financial and educational. Rlsk Management The Members of the Company have, where appropriate, put in place systems to mitigate the risks which the charity may face. Extemal risks to funding have led to the company purchasing a computerised system to ensure that the nursery is full to capacty in line with the Local Authorty's funding criteria for the early years free entitlement funding. Internal controls risks are minimised by the implementation of procedures for authorisation of all transactions and projects. A robust system of accounts is in place which ensures that there is a sound practice of financial management. During 20245 two main risks were identffied for particular monitoring.. The in¢ased cost of using secondmentslagencies to cover vacancies or to find permanent replacement stsff . The local shortage of trained and experienced staff Arrangements were made to mitigate these risks as follows: Maintaining a sufficient pool of bank staff to cover short term absences Supporting staff undertaking further career development Procedures are in pbace to ensure compliance with health and safety of children, staff, volunteers and visrtors to the Nurseries. Safeguarding procedures are followed vigorously. Jackson Nichola¥Assie Limited Chartered CertifiedAccounlants
Little Learners Nursery Group (fornierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continu•d) Year ended 31 March 2025 These procedures are reviewed annually to ensure that they continue to meet the needs of the Charity Organlsational Structure The Lyttle Learners have a committee of up to 4 members who meet at least annually and are responsible for the strategic direction and policy of the Charity. The committee members come from a variety of professional backgrounds all of which are relevant to the work of the Charty. A Scheme of Delegation is in place and day to day responsibilty of the provision of the services rests with the Managers at both nurseries ensuring that the Charty delivers the services specified and meets the Early Leaming Goals and a supportive fpmework for children under five as laid down by the Department for Education along with the Chief Finance Officer and Finance & Development Manager seconded from the Genesis Education Trust ensuring that the finances and administration of the Chanty are run to the highest stsndards. There is a clear management structure. FINANCIAL REVIEW Our Nurseries are at full capacty and have a reserves fund following a financial risk assessment which consider any dip in numbers during the Autumn months and for mobility reasons. This financial year we have enSUd we have a surplus and the reserves continue. We have also increased our fees which takes into account the increase in staffing and rental costs. The financial position of the charity can be found in the main financial statements and related notes. At the end of the reporting period the charity had made a surplus of £110,675 (2024.. £115,531). The charity's reseNes at the end of the reporting period are £439.080 {2024'. £328.405), all of which are unrestricted. The charity will aim to continue to build reserves, this will be monitored by the trustees on a regular basis. RESERVES POLICY 1. The Trustees recognise their responsibilty to have a transparent policy on managing the resources of the company. including financial reserves. They acknowledge this as a requirement under the Statement of Recommended Practice: Accounting and Reporting by Charities. 2. The temi 'reserves' is defined as that part of the charity's funds that are freely available for general purposes and relates to income classified as unrestricted funds, which is available to spend on general charity purposes, once all its commitments have been met and its planned expenditure has been covered. 3. The Trustees believe that it is generally in the interests of the charity to work towards a position of holding reserves that would cover 2 months operating costs. This is to ensure adequate cash flow flexibility to meet emergency measures and unpredictable variations in expected income. PLANS FOR THE FUTURE Current Position Two established nursery units with strong CUpancY levels and positive parent feedback. Third site Undeay. with a dedicated baby room being developed to extend provision to children from 9 months old. Strong reputation locally for qualty care, school readiness. and communty engagement. Jackson IVichola5 Assie Limiied Chartered CertifiedAccountants
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Trustses. Annual Report {Incorporating the Directorfs Report) fcontinued) Year ended 31 March 2025 Strategic Goals (34 Years) Expand Capacity Open and grow the baby room at the third srte to full occupancy wrthin 18 months. Maintain strong occupancy (850kn+) across all sites. Consistency & Quality Align policies, training, and teaching approaches across all srtes. Achieve and maintain 'Good' or 'Outstanding- Otsted OLrtcomes in every unit Stsff Development Invest in leadership training to strengthen management teams at each site. Create clear career progression pathways to improve retention. Community & Family Engagement Strengthen parent partnerships through workshops, open days. and digtsl communication. Marketing & Enrolment Launch local campaigns to raise awareness of the new baby room. Offer open days, taster sessions, and parent referral discounts. Build strong online presen (websrte, social media, parent reviews). Financial & Resource Planning Budget Forecastlng: Allocate resources for initial setup, staffing. and marketing. Revenue Stream: Increase income through baby r¢)om places and funded places. Contingency Planning: Maintain reser4es to cover unexpected costs during expansion. Events after the end of the reporting period Particulars of events after the reporting date are detailed in note 23 to the financial statements. Jackson Ivicholas Assie Limited Chartered CertifiedAccounlants
Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (contlnuedj Year ended 31 March 2025 Trustees. responsibilities ststement (a) the directors are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and regulations and in accordan with United Kingdom Generally Accepted Accounting Practice", (b) company law requires the directors must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit profrt or loss of the chanty for that period., (c) in preparing the financial statements the directors are required to.. (i) select suf(able accounting policies and then apply them consistentty; (li) make judgements and accounting estimates that are reasonable and prudent., (iii) State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and (iv) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will Continue in business. (d) the diredors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the charity and that enable them to ensure that the financial statements compty with the Companies Act; the directors are responsible for safeguarding the assets of the chartty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,. and where appropriate, the directors are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charity's websrte. In the case of CA 06 Co.-s418{2) each of the persons who are directors at the time when the report is approved. the following applies= (e) (fj (a) so far as each director is aware, there is no relevant audit infomiation (infomiation needed by the company's auditors in connection with preparing their report) of which the company's auditors are unaware,. and (b) each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit infomiation and to establish that the company's auditors are aware of that infom)ation. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 20C6. Jackson Nicholas Assie Limiled Chartered CerlifiedAccounlants
Llttle Learners Nursery Group (fornierly Nurseries of St. Mary's & St. Saviour's) Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢ontlnu•dJ Year ended 31 March 2025 Small company provisions This report has been ppared in accordance viith the provisions applicable to companies entstled to the small companies exemption. The trustees. annual report was approved on 16 December 2026 and signed on tehalf of the b08rd of trustees by: E13ine Jarnes Truslee Jackson Nlehol&i Auie Limited Ch4Trtered Certified Aecountanis
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Independent Auditorfs Report to the Members of Little Learners Nursery Group (formerly Nurseries of SL Mary's & St. Saviour's) Year ended 31 March 2025 Opinion We have audited the financial statements of Lrttle Leamers Nursery Group (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account). statement of financial position. statement of cashflows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the audited financial statements.. give a true and fair view of the state of the charity's affairs as of 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordan wtth Unrted Kingdom accounting standards, including FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland., and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements relating to the audit of the financial statements in the UK. including the Financial Reporting Standards (the 'FRC's) Ethical Standard, and we have fulfilled our other ethical responsibilities in acxordance with these requirements. We believe that the audit evidence have obtained is sufficient and approprBte to provide a basis for our opinion. In common with many other charities of this size and nature the auditors are used to assist with the preparation of the financial statements. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees use of the going concem basis of accounting in preparation of the financial statements is appropriate. Based on the work, we have performed. we have not identified any material uncertainties relating to events or conditions that. individually or Collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are aLrthorised for issue. Our responsibiltties and the responsibilrties of the trustees wtth respect to going COnM are described in the relevant sections of this report. Jackson Nicholas Assie Limiled Chartered CertifiedAceounlants
Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Independent Auditorfs Report to the Members of Little Learners Nursery Group {fomierly Nurseries of St. Mary's & St. Saviour's) (continuodj Year ended 31 March 2025 Other bnforniation The other information comprises the information included in the trustees, report, other than the financial statements and our audrtors report thereon. The trustees are responsible for the other information contained within the trustees, report. Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilty is to read the other infomiation and, in doing so, consider whether the other infonnation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identfy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misststement in the financial statements. If, based on the work we have perfonned. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infonnation given in the trustees, report (incorporating the Directors, Report) for the financial year for which the audrted financial statements are prepared is consistent with the audited financial statements" and the Directors. Report has been prepared in accordance with applicable legal requirements Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us; or the audited financial statements are not in agrrnent wrth the accounting records and returns; or certain disclosures of trustees. remuneration spe¢tfied by law a not made., or we have not received all the information and explanations we require for our audit,. or the trustees Vre not entitled to prepare the audited financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. Jackson Ivicholoy Assie Limiled Chartered CertifiedAccounlants io
Little Learners Nursery Group (fornierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Independent Auditorfs Report to the Members of Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviourfs) (coniinu•d) Year ended 31 March 2025 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the applicable financial reporting framewo and for being satisfied that they give a twe and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of audited financbal statements that are free from material misstatement, whether due to fraud or eOr. In preparing the financial slatements, the trustees are responsible for assessing the charty's abilty to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic attemative but to do so. AuditoVs Responsiblllties for the Audit of the Financial Ststements Our objectives are to obtain 8$Onable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or emr, and to issue an audrtor's report that includes our opinion. Reasonable assupnce is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will aNvays detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate, they could reasonabty be expected to influence the economic decisions of users tsken on the basis of these financial statements. As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional $ptICisM throughout the audit. We also: Identify and assess the risks of material misstatement of the audited financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery, intentional omissions. misrepresentations, or the override of intemal Control. Obtain an understsnding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and lated disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material UnrtaInty exists lated to events or conditions that may cast significant doubt on the charty's abiltty to continue as a going con¢em. If we conclude that a material uncertainty exists. we a required to draw attention in our auditorfs report to the related disclosures in the audited financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charty to cease to continue as a going concem. Jackson Nichol1 Assie Limiled Chartered CertifiedAccountanls li
Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Independent Auditorfs Report to the Members of Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviour's) (¢ontlnuedJ Year ended 31 March 2025 Evaluate the overall presentation, structure and content of the audited financial statements, including the disclosures, and whether the audrted financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate wf(h those charged wrth governance regarding, among other matters, the planned scope and timing of the audtt and significant audit findings, including any signifant deficiencies in internal control that we identfy during our audit. Extent to which the audit was considered upable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line wf(h our responsibilities, outlined above, to detect material misstatements in respect or irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We considered the nature of the charty's industry and its control environment and rewewed the charity's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management and others within the entty about their own identrfication and assessment of the risks of irregularities. We obtained an understanding of the legal and regulatory frameworks that the charty operates in, and identified the key laws and regulations that- had a direct effect on the detemiination of material amounts and disclosures in the financial statements. These included the Companies Act, Charities Act, Charities (Accounts and Reports) Regulations 2008, Health and Safety Act. employment law, pensions legislation. tax legislation, Bribery Act and Slavery Act" and do not have a direct effect on the financial statements but compliance with which may be fundamentsl to the charity's abilty to operate or to avoid a material penalty. These included the Charity Commission for England and Wales (Chanty Commission) regulations, fundraising regulations and Anti-money Laundering Regulations (including Proceeds of Crime Act 2002 and Terrorism Act 2000) We discussed among the audit engagement team regarding the opportunf(ies and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial ststements. As a result of perfoming the above, we identified the greatest potential for fraud in the following areas, and our specific prlureS perfomed to address them are described below: Recognition of grant income.. this involves judgement around whether grants have performance conditions attached to them which have to be met before income can be recognised, as well as judgement over whether or not those condrtions have been satisfied. On a sample basis, we have assessed the judgements and estimates made by management in the COgnition of this income. Appropriate allocation of restricted income.. there is a risk that restricted income may not have been identified and allocated as such. We reviewed the allocation of income to restricted or unrestricted funds on initial recognition to ensure restrictions were appropnately identffied and applied, and we reviewed fund transfers from restricted to unrestricted funds to assess the rationale for those movements. Jackson Nicholos Assie Limiled Chartered CertifiedAccountants 12
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Independent Auditorfs Report to the Members of Little Learners Nursery Group (fonnerly Nurseries of St. Mary's & St. Saviour's) {¢ontlnuw) Year ended 31 March 2025 In common wrth all audits under ISAS (UK). we are also required to perfonn specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of joumal entries and other adjustments.. assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the nomial course of business. In addition to the above, our procedures to respond to the risks identrfied included the following". reviewing financial statement disclosures by testing to supporting dUmentatIon to assess compliance wrth provisions of relevant laws and regulations described as having a direct effect on th8 finanGial statements., performing analytical pr(dU$ to identfy any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud" enquiring of management conceming actual and potential litigation and claims, and instances of non-complian with laws and regulations., and reading minutes of meetings of those charged with governance, reviewing intemal management reports, reviewing correspondence with HMRC and with the Charity Commission. Use of our report This report is made solely to the charty's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 20(. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditols report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charty and the charity's members as a body, for our audrt work, for this report, or for the opinions we have fonned. John Assie FCCA (Senior Statutory Auditor) for and on behalf of Jackson Nicholas Assie Limited Chartered Certified Accountants and Statutory Auditors Suite 7. Meridian House 62 Station Road North Chingford London E4 7DB 17 December 2025 Jackson Nicholas Assie Limiled Chartered CertifiedAccountants 13
Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee ststement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Charitable activities Investment income Other income 3,932,959 32 6,578 3,932,959 32 6,578 3,150,435 25 3,400 Totsl incom• 3.939,569 3,939,569 3.153,860 Expenditure Expenditure on charitable activities Total expenditure 8,9 (3,828,894) (3,828,894) {3,038.329} (3,828.894) (3.828,894) {3.038,329) Net income and net movement in funds 110,675 110,675 115,531 Reconciliation of funds Total funds brought forward Totsl funds carried foThYard 328,405 439,080 328,405 212,874 439.080 328,405 The statement of financial activities includes all gains and bsses recognised in the year. All income and expenditure derive from continuing activrties. The notes on pages 17 to 25 forni part of these finaneial ststement Jackson Nicholos Assie Limiled Chartered CertifiedAccountants 14
Little Learners Nursery Group (fomerly Nurseries of St. Mary's & St. Saviourfs) Company Limlted by Guarantee Statement of Financlaj Positlon 31 March 2025 2025 2Q24 Fixed assets Tangible fixed assets Current ass•ts Debtors Cash at bank and in hand 15 70,671 16 321,913 223,428 545,341 219,995 373,091 593,086 Cr•ditorn: amounts falling due whhln one year Net current ags•ts Total assèts les$ current Ilabllltles Net assots 17 {176.932) (264,881) 328,405 328,405 328.405 368.409 439.080 439.080 Funds of the Charity Unrestricted funds 439,080 328,405 Tolal Gharlty funds 19 439,080 328,405 These finanaal ststements have been preparec in accordance with the provisions appllcable to companle5 Subject to the small companie5. regime. These flnancial statements were approved by the board of tnjstees and 8Uthorised for is8ue on 16 December 2025, end are signed on behalf of the board by: Elain8 James Truste8 Chery BoyGe Tru5te8 Company Re9iStration Number. OSY12259 The notes on pages 17 to 25 part of these financial statements. Jo¢k.%L7n Nicholas Assi¢ Limiled Chartered CernJiedAcct>uHlanl.Y 15
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net income 110,675 115,531 Adjustments for." Depreciation of tangible fixed assets Other interest receivable and similar income Accrued (income)lexpenses 17,668 132) 1107,928) (25) 112,628 Changes in.. Trade and other debtors Trade and other creditors (101,918) 20,179 (61,366) 8,261 8,841 245.236 Cash generated from operations Interest received 32 25 Net cash (used in)ffrom operating activrties (61.324) 245,261 Cash flows from investing activities Purchase of tangible assets 188,339) Net (decrease)lincrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (149,663) 373,091 245,261 127,830 223,428 373.091 Jackson IVicholasAssie Limlted Chartered CertifiedAccounlanls 16
Little Learners Nursery Group {fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General inforniation The charty is a public benefrt entty and a private company limited by guarantee, registered in England and Wales and a registered charty in England and Wales. The address of the registered office is Brooke Road, wahamSt0W. London. E17 9HJ. Statement of compliance The financial statements have been prepad in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK & Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the Unrted Kingdom and Republic of Ireland (FRS 102) and, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entty. Going concern The trustees have considered all relevant factors, on the charity's activities and have concluded there is no signfficant impact on the organisation. It is therefore considered that the going concem status MaInS intact and there are no material uncertainties about the charity's abilty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There have not been any judgements (apart from those involving estimations) that management has made in the pr¢xess of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made conceming the future and, by their nature, will rarely equal the related actual ouicome. There have not been any key assumptions and other sources of estimation uncertainty that have a sTrgnificant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Jackson Nichol Assie Limited Chartered CertifiedAccountants 17
Little Learners Nursery Group (formerly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Notes to the Financial Ststements (continuod) Year ended 31 March 2025 Accounting policies {conthiued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expendi(ure declared by the donor or through the temis of an appeal and fall into one of two sub-classes.. restricted income funds or endowment funds. Incoming resources All income is included in the statement of financial activities when entttlement has passed to the charty, it is probable that the economic benefrts associated with the transaction will flow to the charty and the amount can be reliably measured. The following spectfic policies are applied to particular categories of income: -income from donations or grants is recognised when there is eviden of entitlement to the gift, receipt is probable and rts amount can be measured reliably. - legacy income is gnIsed when receipt is probable and entitlement is established. income from contracts for the suppty of services is renised with the delivery of the contracted se1. This is classrfied as unrestricted funds unless there is a contractual requirement for it to be spent on a partTrcular purpose and returned rf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non<haritable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charty in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the chanty apportioned to charitable activities. other expenditure includes all expenditure that is neither lated to raising funds for the charty nor part of its expendrture on charitable activrties. All costs are allocated to expenditure categories refiecting the use of the resource. Direct costs attributable to a single activty are allocated directty to that activty. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Jackson NicholasAssie Limited Chartered CerhfiedAccounlants 18
Little Learners Nursery Group (fonnerly Nurseries of St. Mary's & St. Saviourfs) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policles (¢onthuedJ Operating leases Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the statement of financial activities on a straight line basis over the life of the lease. Tangible assets Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £20,000 are not capitalised. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as follows: Improvement to leasehold property Equipment 5 years straight line basis 4 years straight line basis Impairnient of fixed assets A review for indicators of Impalmnt is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Illhere the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impaiment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identrfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. Financial instruments A financial asset or a financial liabilty is recognised only when the entty becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction Costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised Cost. Jackson Nicholas Assie Llmited Chartered CertifiedAccounlants 19
Little Learners Nursery Group (fonnerly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2025 Accounting policies (¢ontlnuod) Defined contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service. the liabilty is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmited by guarantee Little Learners Nursery Group {fonnerly Nurseries of St. Mary's & St. Saviourfs) is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member. or within one year after he or she ceases to be a member. Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Funding from London Borough of Wattham Forest Services provided Services provided Admin Fee Commission Other income - reimbursement of seconded staff & expenses Special Educational Needs Inclusion Fund (SENIF) 821.308 3,071.477 3.906 821.308 3,071,477 3,906 444,365 2,702,633 3,200 237 444.365 2,702,633 3,200 237 3,648 32,620 32,620 3,932.959 3,932,959 3,150,435 3.150,435 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 32 32 25 25 Jaekson Nicholos Assie Linuled Chartered CertifiedAccountants 20
Little Learners Nursery Group (fonnerly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Notes to the Financial Statements (continu•d) Year ended 31 March 2025 Other income UnstriCted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Other income - Enjoy Beneffts Income 6,578 6,578 3,400 3,400 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Provision of nursery faciltties Support costs 3,802,065 26.829 3.802.065 26,829 3,020,125 18,204 3,020,125 18,204 3.828.894 3.828,894 3,038,329 3,038,329 Expenditure on charltable activities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Provision of nursery faciltties Governan costs 3.802.065 3,802.065 26,829 3,020,125 18,204 26,829 3.802,065 26,829 3,828,894 3,038,329 10. Analysis of support costs Payroll & Pension Annual Corporation services Retum Fees Tax Fees Total 2025 Total 2024 Audit Fees Governance costs 21,135 5.169 310 215 26,829 18,204 11. Net income Net income is stated after charginpJ(crediting): 2025 2024 Depreciation of tangible fixed assets Operating lease rentals 17,668 570,185 390,427 12. Auditors remuneratlon 2025 2024 Fees payable for the audit of the financial statements Fee payable for non-audit services 15,851 5,284 9,990 3,060 Jackson Nicholas Assie Limited Chartered CertifiedAccountants 21
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Notes to the Financial Statements (continu•d) Year ended 31 March 2025 13. Staff costs The total staff costs and employee beneffts for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 1,607.174 101,230 53,072 1,278,011 80,435 44.825 1,761,476 1,403,271 The average head count of employees during the year was 83 (2024: 77). The average number of full-time equivalent employees during the year is anatysed as follows.. 2025 2024 No. Number of nursery practitioners 78 89 No employee received employee benefits of more than £60,000 during the year (2024: Nil). Key Management Personnel Key management personnel include all persons that have authorty and responsibility for planning, directing and controlling the activities of the chanty. The total compensation paid to key management personnel for services provided to the charity was £97,726 (2024: £79,029). 14. Trustee remuneration and expenses no remuneration or other benefits from employment wilh the charty or a related entity were received by the trustees (2023: Nil} no trustee or other person reLgted to the charity had any personal interest in any contract or transactions entered into by the charity during the year (2023= Nil) one or more trustees has claimed expenses or had their expenses met by the charity. During the reporting period C Boyce was reimbursed £6.416 (2024.. £243 to E James) for the purchase of employee incentives and DBS costs relating to the nurseries. Jackson Nicholas Assie Limiled Chartered CertifiedAccountonts 22
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 March 2025 15. Tanglble fixed assets Land and buildings Equipment Total Cost At 1 April 2024 Additions 2,991 88,339 7,595 10,586 88,339 At 31 March 2025 91,330 7,595 98,925 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 2.991 17,668 7,595 10,586 17,668 20,659 7,595 28,254 Carrying amount At 31 March 2025 70,671 70,671 At 31 March 2024 16. Debtors 2025 2024 Trade debtors Other debtors 321,911 219,993 321,913 219,995 17. Creditors: amounts falling due within one year 2025 2024 Trade Credttors Accruals and deferred income Social security and other taxes Other credrtors 31,149 4,700 21,082 120,001 38,030 112.628 13,092 100,931 264,681 176,932 There is no pension liability other than those disclosed in other creditors. 18. Pensions and other post-retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £53,072 (2024: £44,825). Jackson Nicholas Assie Limiled Chartered CertifiedAccountants 23
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 19. Analysis of charitable funds Unrestricted funds At 1 April 2024 At Income Expenditure 31 March 2025 General funds 328.405 3.939.569 (3,828,894) 439,080 At 1 April 2023 At Income Expenditure 31 March 2024 General funds 212.874 3.153.860 (3,038,329) 328,405 20. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 70.671 545.341 (176,932) 439.080 70,671 545.341 (176,932) 439,080 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Credrtors less than 1 year Net assets 593,086 593,086 (264,681) (264,6811 328,405 328,405 21. Analysis of changes in net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 373.091 (149,663) 223,428 Jackson Nicholas Assie Limiled Chartered CertifiedAccounlants 24
Little Learners Nursery Group (fomierly Nurseries of St. Mary's & St. Saviour's) Company Limited by Guarantee Notes to the Financial Ststements (¢ontlnue¢ Year ended 31 March 2025 22. Operating lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows.. 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years 608,493 2,431,427 515,497 2.685.143 3,039,920 3,200,640 23. Post balance sheet events The trustees have considered the likelihood of any negative subsequent events and have concluded that the incidence of such events is likely to be minimal. The trUStS also considered the likelihood of other significant post balance sheet events and concluded that there are none which impact the financial statements. 24. Related parties During the reporting period C Boyce was reimbursed £6,416 (2024.. £243 to E James) for the purchase of employee incentives and DBS costs relating to the nurseries. 25. Going concern The trustees have considered the circumstances and projections of the charty, and are satisfied, the going concern basis is appropriate for theses financial statements. The trustees are satisfied that to date. the threat to operations has been minimal and has not significantly reduced the effectiveness of the organisation. Jackson Jvicholas Assie Limited Chartered CertifiedAccountants 25