tharlty gIstratIOn number 1164075 IEn8land and Wale51 Company re8istYation number OS758223 LONGTOWN CHILDCARE TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LONGTOWN CHILDCARE TRUST LIMITED LEGAL AND ADMINisfRATIVE INFORMATION Trustees MTS K Larnb MrsEWood Mrs A 81air Mrs L Hogg Key Manayment Persomel A Blair CWIEham C Hfjghmore Charity number (England arKI Wale51 1164075 Comparynumb 05758223 ReKi51ered office PearTree Nursery Mary Street Longtown Carlisle CA6 SUG Independent examlner Stuart Forrer {HOn51, FCA. DChA Sterling House 3 Wavell Drive Rosehill Cumbri8 CAI 2SA Banke Cumbefland 8uildin8 Society Cumberland House Cooper Wav Pèrkhou5e Carlisle CA3 OJF HSBC gank PIC A8ricultUTe 325 Kingstown Road RL15LE Curnbria CA3 OBJ
LONGTOWN CHILDCARE TRUST LIMITED CONTENTS Trustees, report ststement oltrustees. responslbllities Independent examinerf5 report Siatement of flnancial atuvltles Balance sheet Note5to the financial staternents 8-17
LONGTOWN CHILDCARE TRusf LIMITED TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thelrannual repjrt and ftnancial statement5 forthe year ended 31 March 2025. The fin?nclal statements have been prepared in accordance with the accounti policies set out in note I to the financial statements and comply with the Charities Att 2011, the Companies Act 2CQ6 and 'Accountyng ané Reporting by Charitie5'. Statement of Recommended Practice applitable to ¢haritle5 preparsng their accounts In accordan with the Financial Reporknng Standard applicable in tho UKand Republ¢ of Irehnd IFRS 1021. leffecbve l January 20191. Oble¢fve$ and a¢tlvlti•$ To provide ther xhool Ca to be in operation If the provlsion offered by LonKtown Day Nursery wa5 disconnUed whereby Longtown Childcare Trust would take overthe management of thls provisk)n. l. To continue to provlde hlgh quality sustainable child¢a. 2. To consolidate financial 5ecurty. StrGtesYesJorochieving oims ondobiedives In order for the trust to athieve its objeciives r¢ rnust pre5eNe its current gtyjd OFsfED inspecynn and maintain the experlenced and efficient mana8eJnenttearn. Public &enefit The trustee5 have paid due regard to guldènce ISSU by the Charlty Commissron in deciding what Jcknvities the trust should undErtake. Achievernentsand perfonnance Sl9rtificont ttC£fvittes tsndothievements vguinstobjective5 Longtown Child¢are Trust Limited Is a charfty and Is a cornpany limited by guarantee. It Is registered wlth Companles House and the Charikne5 Cornrni55ion. It provide5 nursery servi5 for chltdren from blrth to sthool age. In addltiDn, It provide5 before and afterschool chlkJc8re and holiday club 5eryice5fov prirnary school ¥e children. A profit of £4L236 was made In this financial year. Thls Is an int8$e of £62,076 Irom the made last year whlch was £20.840. We cut back on spending due to last years loss. 2 year olds reNed 15 hour5 per week governmentfunded as of April 2024 and 9 month old5 received their5 a5 of September 2024. All chlldren wlll ceIve 30 funded hou per week as of September 2025. We get a hlgher hourly rateforfunded chlldren than whar wewould charge. 5ornE14Tger equipment we needed to buy included Sand/water tsble. washing machine, swkable beds, freer, cot. Flnanclal revlew O¥erall. In the flnancial year ended 31 March 2025, Pear Tree Nutsery has made a profit of £41.236 cOMpad to last yeaes loss of £20,840. The total ftjnds carried forward for this year are therefore up by thls amount frorn the prevlous year. Re5erve5poIicy The trustee's Intentlon is to build a resenie of 8 maximum of S mDnth$ reiuLir outgoing5. Thi5 15 kept In a separate. Intere5t- bearing account. The total amount of reserves at the yeorend wo5 £151,817, which 15 all included within unrestrirted funds.
LONGTOWN CHILDCARE TRUST LIMITED TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Mojorrisks The Trustees considErthatthe major ri5k5 to whlch the charity b exposed are.. Risk to incDTne le.g. drop in fee income affethng business viability),. Risk to financial a55et5' Loss of data.. Rlsk of accldents and incidents- Riskto repUtaOn and consequentlal loss of busine55 and funding stream5 le.g. an Inadequate OFSTED inspethonl. The Steps taken to mitigats the risks setout above are.. Flexibility of stsff hours together wlth robustf0rd foreca5tinÈ ol expected tske up of p18ces- Internal administrative and financlal controls are in place and implemented; Trllstee5 regularly monitorfinance5.' Records are Stored in computerised and paperformats and computerdata 15 backed up regularty,. Insuran¢e 15 in pla covering business contents. employers. liabiltyand public liability,. All staff ha¥e up to date safeÈuardinE* first aid and food hygiene tralnlng.. Rlsk assessments and policies are in place and leWed re8ularly.' All staff. Trustees, Volunteers and ttudEnts have a current D8S theck In pla and are encouraged to join the DBS update service,. All stsff have regular supei$l0n meetings with the manager 50 safeguardin& training. COnrn$ and hejlth is511es e.g. medicatK)n can be discussed Strurturei Eovernance aftd management The Charity 15 a company limlted by guaranteÈ and governed by its Mernorandum and Arricles of a55D¢lation. The tru5tee5, who are also the direcwrs forthe purpose of company law. and who ser¥ea durlng theyearand up to the date of 5i6nature of the financlal statements were.. Mr5 K Lamb Mrs E Wood Mr5 A Blair Mrs L Hogg RecruitmentL¥nd uppolntment of trustees Undertake a skills audit of existtng board member5 Considerthe dbversity of the Board. and the prESentiOn from dfftrent sections of the communty Produce a job descrlptton and person spe£ificaUon Compile an information pack Check governing documents Moke verbal enquirie5 of likelycandidates Pla an advert in.. - Parent5 new51etter - Local publication5 -AppropriHte new5paperlinternet site Check candldates. eligibility Interview candidates Appointtrustee. folk)wing up reference5 and CR8 checks Condutt formal induclion
LONGTOWN CHILDCARE TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT} {CONTINUED) FOR THE YEAR EAIDED 31 MARCH2025 Or9onisotionu15truEture The decision-rnakiDg power5 are invested In the board of Trustees. We have a Childcare Manager and a Finance Adminitr4tcr as wÈll as a Deputy ManagerlRoom Superv150r and two other Room Superv$ors. There are also seven chlldcare staff and additional support from 5tudentvolunteers. Induction undtrolnlng of trustees Induction pack of Informatyon and pollcks which IlUdes. Governlng documents AnThual Report Minute5 of lormer meetings Indurtion tour and introductions Individual vmrkln8 with Buslness ond Chiklcare Mana8er The trustees, report Was ¥pproved by the Board of Trustees. Mrs E Wood Trusiee Mrs L Hoeg L4-...1.1 l .I,..L.Q..I
LONGTOWN CHILDCARE TRUST LIMITED srATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the dIor$ of Longtown Childcare Trust Llrn6ted for the purpose of Company law. are responsible for preparing the Trustees. Report and ihe financial ststements in accordan with applicable law and Unrted KlnÉdom Accounting Stsndards (United KiTrgéom General Accepted 14ccounting Pradcel. coMnY law opul$ the trustees to prepare finarKfal statements for each financial year which gp4e a true ènd fair view of the state of affairs of the trust and of the incomln8 resources and appllcation of re5curce5, includSng the Income and expenditure. of the charitsb company forthot year. In preparing these financial ststement5, the tmsteesare quid to.. . seleLt 5uitsble acccuntrng policies and then apply them wnsistentlv - observe the rnethod5 and prindples In the Charirfes SORP.. make judgements ènd e5tirnate5 that are reasonable and prudent. state whether applicable UK Accounting StsTrdard5 have been followed, subjett to any material departures disclosed and explalned In the financial ttatements- and prepare the financlal sratements on tF Koin8 concern ba515 unle55 It Is Inappropriate to pSUrne that the trust wlll conunue in operation. The trustees are resp0Th5ible for keeplng adequète accrAJnfjng Cor¢I$ that dd0$e with reasonable atcura¢y ot any time the financial position of the trust and enable them to ensure that the thnancial staternents cornply wlth the Companies Act 2006. They are a150 re$pon5ible foF 5afeEuarding the asset5 of the trust and hence for tskin8 reasonable steps for the prevention and detethon ol fraud anrj other irKu1areS.
LONGTOWN CHILDCARE TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONGTOWN CHILDCARE TRUST LIMITED l oport to the trustees on my examlnouon of the hnancial statements of LonBtowTh Childcare Trust Limited (the tntstl for the yearended 31 March 2025. Respon5ibili¢les and ba$isof report A5 the trustees of the trust land also Its d1ctorS forthe purposes of company lawlj you are responslble forthe preparation of the linan¢ial 5taternents in accordance with the qUirementS of the Cornpanies Act 2006. Han8 ssfkd Mlf that the financlal statements of the trust are not requlred to be audited under Part 16 of the Companles Att 20D6 and are eligible for independent examination, l port in respect of rny eKaminatpJn of the trust's financial ststements carried out under section 145 of the Charitfes Att 2011. In carrylng out my e¥amsnation I have followed the Oirections gnien bythe Charity Cornmission under section 14515llbl of the charle5 Att 2011. Ind¢pendent examinerfs statemem Since the trust's gross inwFne eeded £250.OQO your examiner must be a mernber of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exaMInaon because l am a member of ICAEW, which is one of the lisd bodies. I have ¢Drnpleted my exaMInaOn. I confirm that nD matter5 have corne to my attention in connethon with the emarnlnatlon 8ivin8 me c4use to believe that in any material respett.. accountirg records were not kept in re5pert of the trust as required by 5ecbon 386 ofthe Compans Art 20. thefinanclèl statement5 do not accord with those records,. or the financial 5tstements do not compw with the atcounttn8 requlrements of sethon 396 of the Comrfinies Act 2(K)6 other than any requirement that the financlal statements give a true and falr vlew. whl¢h Is not a 8tter consldered as part of an IndÈpEndentexamnation.' or the financial statements have not been ppared in accordance wlth the methods and prfjnclples of the Statement of Recomrnended Practice for accounting and reporting by Charle$ applicable to charities preparlng thelr financlal ststemertts in accordance wrth the Financlal Reporbng Standard applicable in the UK and Republic of Ireland IFRS IQ21. I have no concems and have come across no other matters In connection wlth the examlnauon to whlch attentiC should bE drawn in this report In order to enable a proper UndetandIngOf the financial statements to be re&hed. Stuart Farrer BA 5terllTrg House 3 Wavell Drive On51. Ff4 DChA Cumbria CAI 2SA Date...S.: ! IL.:.25....
LONGTOWN CHILDCARE TRUST LIMITED STATEMENT OF FINANCIAL A1VITIEs INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted fund$ 2025 Uivestrirted funds 2024 Restricted nd$ 2024 Total 2024 Notes Incomefrorn: Donations artd leEacies ChaTitsble activities Investments 422 361.833 ¥721 497 287,876 1,529 737 1.234 287.876 L529 Totsl income 363.976 289,902 737 290,639 Expenditure ot): Charltable athvlttes 322.740 310,742 737 311,479 Total eynditurt 322,740 310.742 737 311,479 Net Incomellexpendlwrel and movement infund5 41.236 120.8401 120,8401 Reconciliation of funds: Fund balances at l April 2024 110.581 131,421 131,421 Fund balancesat 31 Mah 2025 151,817 110.581 110.581 The Statement of financlal aCt[¥leS Includes all yins anl k155e5 reniSed In the year. All Iorne and expenditure derive from continuin8 3ctivitie5.
LONGTOWN CHILDCARE TRUST LIMITED BALAN SHEEr ASAT31 MARCH2025 2025 2024 Notes FLKed a55ets Tangib assets 34,676 37.727 Curwent assets Debtors Cash at bank and in harsd 13 L6 132.120 3.717 84,819 133,764 110,6191 88,536 112,1811 CreditOf5.' amount5 falllng due wlthln oneyear 14 Net ¢iiirnntassets 123,145 76,355 Totsl a¢15 less Current Ilabifities 157,821 114,082 Cyedltors: amounts falllw due after more than one year 15 12.9251 Delerred Incorne 13,0791 13,5011 Netassets 151,817 110.581 The funds of thetNst Llnrestricted funds 19 151,817 110,581 151017 110.581 The company is entltled to the ememptlon from the audit requlrement contslned In sethon 477 of the ComnieS Act 2(1)6. lor the year ended 31 March 2025. The d1CtO15 acknowledge their responsibllittes for comp]r with the requirernents of the Cornpanses Act 2006 with respect to accwnting records and the preparatton of financlal sraiemenis. The mernbers have not required the company to obtsln an wjdit of finantial ststErnents for the year In qUesth In ordance with secknon 476. These financlal statements have been prepared in acwrdance with the provision5 appllcable to companles sublertto the srnall companies reglme. .2L}Iiil?o?& The financial ststements were approved bythe trustees on......................... Mrs Ewood Trustee MrsLH Cornpany re85strdtson number05758223 (England and Walesl
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL sfATEMEfrrrs FOR THE YEAR ENDED 31 MARCH 2025 Attoynting polirie5 Charlly Inforniadon Longtown Childcare Trust Limited is a publlc benefit ejtity and a private company limited by guarantee incorporfed in England and Wale5. The registered office Is PearTree Nursery, MaryStreeL Lorwwn. Carlisle, CA6 SUG. 1.1 Basi5 of preparation The financial statements have been prepared in accordan with the tru5t'5 governing documenL the Companies Act 2006. FRS 102 "The Financial ReportirKg Stondard applicable in the UK Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporbng by Charities.. Statement of ftecommended Practice appllcable to eharthes preparing thelr accounts In accordance with the Financial Reporhng 5trndard applicable in the UK and Republic of Ind IFRS 1021. leffethve ljanuary 20191. The twst is a Public Beneflt Enfjty as dethned by FRS 102. The trust ho5 tsken advartsge ofthe provisions in the SORP for chariyes Thot to prepare a Statement of C35h Flows. The financlal 5tstements are prepared in stefling, which 15 the funthonal CUrn¢¥of the entity The financial statements have been prepared under the historlcal c05t wrwention. The princlpal accountift8 PDlicie5 adopted are set out below. 1.2 Going concern At the me of approving the finaTKlal 5tsternents. the trnstees hove a reasonable expectstlon that the trust has adequats resources to wntinue in operational existence for the foreseeable future. Thu5 the trustees ConnUe to adopt the gng concern basis of acwunting in weparing the financial ststernen 1.3 Charltable furtds Unrestricted funds are avallable for use atthe dlscretion of the trustees In lurtherance of theircharitsble objectfves. Restritted fund5 are subject to specifi.c conditions by donots or grantors a5 to how they may be wsed. The purposes and uses of the $trIcted fund5 are Set out in the notes to thethnancial statements. Endowment funds are subjettto specific conditions by donorsthot the capital must lje malntslned bythe trust. 1.4 Income Income is recognised when the trust is leEalty entitled to It after any performance condmons have been met, the amouThts can be measufftd reliablyt and it is probable that Income will be received. Cash donations are recognised on Ceipt. Other donations are recognised once the trust hos been notilied of the dorwtion, unless performance conditions rEquire deferral of the amount Income tax recoveTrble In relaljon to dorwtions retrived underGIft Aid ordeeds of tovenènt is re£o8nlsed at the me of the donation. le8a¢les a reco¥nised on recelpt or otherwlse ff the trust has been notified of an Impending distribution. the amount s known, and rqceipt is eXCted. If the amount is not known, the leEaCy Istreated as a con&ent8$3tt.
LONGTOWN CHILDCARE TRUST LIMITED NOTE5 TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AcEountini policies IContlNedl L5 EKpendliure Expenditu is recognised ontr there 15 3 legal or constructive obligation to transfer economi¢ bEnefi't to 4 third party. 15 probable that a trafer of economic benefits wlll be requlred In settlement. and the amount of the obligation can be measured reliably. Expenditu is clathed by aLtivity. The costs of each aLtiwty are made up of the totsl of dir1 Costs and shad msts Includlng support Costs Involved in undertaking each activity. D1ct Costs attributable to a singk actsvity are allted dlrettly to that activity. SharÈd costs whith tontribute to rnDre than one activity and support Costs whlch a not ttrlbutsble to a single actfvity are apporttoned between those aVe$ on a b45iS CQn51stent with the use of resources. Central 5tsff costs are allocated on the basis of time spenL and deprEciation char8e5 ère allocated on the portion of the 5eYs use. 1.6 Trftgible fixed 4ssot5 Tangible fi'xed assets are initially rnea5ured at cost and subsequently measured at cost or valuafjon, net ol depreuab.on and any impairmeTrt1055e Depreciation is recognised so as to wrlte off the cost or ValuOn of assets less their residual value5 over their useful Ie$ on the following base5- Leasehold land and bUildT5 Plantand Èquipment Fixture5 and fitting5 Cornputers IO% straight lifie 15% reducin8 balarKe 15% reduclng balarKe 25% straight lirte The 8aln or104 arisi on the disposal of an asset Is deterrnlned as the dlfference beeen the sale proceeds and the rryin8valuE of the o55et, ènd is recognised in the ststement of financial activities. 1.7 Impalrrnent of fixed assets At each reporting end date. the trust reviews the ¢arryinK amounts of it5 tsngible 4sset5to determine whether there Is arty indlcation th* those assets have suffered an Impalrmeni lo$s. If any such indi¢atson tsts, the recoverable amount of the as5et15 esdmated in orderto determlne the extsnt of the Impalrment loss lif any). 1.8 Cash and ¢ash eoui¥4lemts Cash and cash equivalents include cash in hand. e51t5 held at call with banks. other short-terrn li4uid investments with original rnaturiknes of three rnoThth5 or le55, and bank overdrafts. Bank overdrafts are shown wthin borrowir%5 in Crnt Ilabllities. 1.9 financial Instrumer The trusi has elected to app the pmmsions of 5ectyon Il'Basic Financial InstTurnents' and Sethon 12 '0ther Flnanclal Instruments Issues. of FRS 10210 all of its finaficial instruments. Financlal instruments are rentsed in the trus¢'s balance sheet when the tnjst becorne5 party to the contractual provislons of the Instrument Financial assets and IlabS1ities a offset wlth the net amounts presented in th2 finanrial 5tstements, when there Is legally enforceable right to set off the recognised amounts and the Is an intenbon to Settle on a net basi5 or to realt5e the a55et and settle the liablllty slmultaneousty.
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Accountin8 policie5 Icontinuedl 89si¢firt#nrl4lo55ets Basic financial a55et5, which include debtors and ca$h and bank balances, are inthally measured & transathon wice Sncluding transèrtion costs and are subsequently carrfed at amorUsÈd c05t Using the effective Interest method unless the arrangement constitutes a linanang transaction. where the transaction 15 measured at the presert value of the future recelpts di$¢ounted at a market rate of interest. Financial assets rl4ssffied as ye1¥able 1th1n one year are not aM05ed. BoskJlnon¢rolll&bi-lities Basic financial liabl1@$, includlnB credltOT5 and bank loans are InIttal recognlsed at tran5actlon Pflce unless the arrangement constitutes 8 financing trdn5action, where the debt instrument is measured at the presert value of the future paymerts discounted at a market rate Df inte5t. Financial liabilitbes classthed 45 payable within one year are not arrK)rti5ed. Debt in51rurnents are Subsequently carried at aMsed cost, usingthe effective interest rate Meth1. Trade credTtors are obliEations to payforgoods orSeiCe5 that have been acquired in the ordlnary course of aperation5 from suppliers. Amunts payable are clas51thed a5 current Ilablllfjes If payment is due wf(hin one year or Sess. If not, they are presented as nofft-curnt liabilitie5. Tde creditors are recognised initially #t trdn5action prfce and subsequentsv measured at amorhsed co# usingthe effecbve interest method. lknecoqftlllon offviontlalllubilltles FInCIal liabilities are derecognlsed when the trusvs ttjntractual obligats.ons expl orare discharged or cancelled. 1.10 Employw beftefit$ The cost of any unused holiday entitlement Is recognlsed in the PEri(Kl in whlch the employee'sSe¢es a Ceived. Temilnation benefits are rECOEni5ed imrnedrdtely asan expense when the trust 15 demonstrablycommltted to terminate the employment of an employee orto provide termination beneffts. Lll Redrement benefits Payments to defined contrIbUOn reiirement benefit schemesare charged as an expense as they frdlldue. Criti1 accountlng estlmotes andludgements In the appllcatlon of the trust's accountlng poll¢les, the trustees are requi to make judgements, esttmates and assurnptions about the carrying amount of assets and liabilities that are not readlly apparent frorn other sources. The ethmate5 and assoaated assumptions are ba$ed on historical exFerience and other fortor5 that are con5Idered to be lewonL Actual results m3y d6fferfrom these estimate5. The e5bm4te5 and underwing a55umptrons are revlewed on an ongoln8 basls. Revlslons to accounting estimates are re(DgD15ed in the period in which the estimate is revised Whe the revision affects only that perid. or in the period of the revlslon and future period5 where the revis1on affects ly)th curont and future perlods. 10-
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In(orne from donat10Th5 and legacles Unrestrlrted funds 2015 Restrlcted fund$ 2025 Total Unre#rirtqd fuThJ5 R4$trfrted furKIs 2024 Totsl 2025 21124 Grants 422 422 497 737 1,234 Grants Other 422 422 497 737 1.234 422 422 497 737 ¥234 Incomefrom ¢harit#ble a¢tivities Unrestrltted funds Z025 Unrestrltted funds 2024 Nursery Fees Servi$ prow¥JEd undercDntract 361.833 287,876 Inromefrom Irhvestments Umestrlcted Unrn#rict lund$ lunds 2025 2024 Interest recelvable 1.721 L529 11
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Empendlture on ¢h•riiJble O¢tivitie5 Ch•ritable Expendliure 2025 Charitable E¥penditure 2014 Oirert cost5 Staff costs 250,577 20,146 1,419 673 2,890 17,066 4.335 237.941 25,128 L347 1,075 2,583 15.149 3.990 Rates Insurance Staff Trainin8 Fee5 Cleaning Food and Consumabks Sundry 297,106 287.213 Share of SUPPDrt and Eovernance costs (see note 71 Support Governance 23.064 2,570 21.775 2.491 322.740 311,479 Analysls by fund Unrestricted funds Restritted fund$ 322,740 310,742 737 322,740 311,479 Support Costs allocated to atvIe$ 2025 2024 Depreoation Sundry Expenses Cleanin8 Repairs and Matntenance Printin8. Postrge and Stationery Bank Charges Telephone Governance costs 6,484 4,469 7.575 1,792 1.168 785 791 2,570 6,209 5,831 6,070 1,127 716 697 L125 2,491 25.634 24.266 Analysed between: Charitsbl8 Expenditure 25.634 24.266 12-
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net mLwement In funds Z025 2014 The net rnovement in funds Is ststed after chargingllcreditintl.. Fees ptyable to the chariW5 independent examlner.. -forthe indepenéent examination of the charty's financial thtements -for other financial services Depreciation of owned tsn8ibk fixed assets 665 1,947 1.924 6,209 TNste•s One trustee has been pald remuneration or has reIVed other benefits from employment with the trust. The trustee only recelves remuneratlon in respect of seN1$ they provide undertaking the roles of Nursery ManaEer under thelr contractof employment and not in respÈtt of thirsÈtvices as trustees. Thevalue of tru5tees' rernuneration and other benefitswa5 as follows.. A Blair (Nursery Managerand Trusteel.. Retnuneration E20,000-E24,99912024.. £20,WO- £24,999) Employels pen$ion tribUtionS paid £0- £4,99912024: £0- £4.9991 No trustse expenses have en Incurred. Employees The average monthly number of employees durfrvd the year was.. Z015 Number 2024 Number 14 15 Employment Costs 2025 2024 Wages and sal8rie$ Social securty costs Other penslon costs 239,098 7,174 4,305 224,212 9,258 4.471 250.577 237,941 Key Management Per%>nnel Key management personThel Include all persons that have authority and re5ponsibllity for plannlr, dirECting and controlling the activitvds of the charlty. The total compensation paid to key managernent personnel for seNi¢es provlded tothe charty was £84,21612024= £77.5111. 13-
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees Icontlnuedl There were no employees whose annual MUneratIOn was more than £60.000. li Taxatlon ThE ¢harty 15 exemptfrom taxatlon on its artivitie$ bet4U5e all its irscome is applled forcharitable purposes. TanglblefSxed assets leosehold Lind and bulldlnB5 Plant•nd egulpmÈNt Ples•d np Comwters At l April 2024 Additlons 58.536 8,449 40.948 862 3,130 2,572 IIL.063 3.434 At 31 March 2025 58,536 8,449 41,810 5.702 114,497 Depreciation and Impairment At l April 2024 Depreciation char8ed in the year 33.183 3,845 7,367 162 31,555 1,478 1232 999 73,337 6,484 At 31 March 202S 37.028 7,529 33.033 2.231 79,821 rrying amount At 31 March 2025 21,508 920 8,777 3.471 34.676 At 31 March 2024 25,353 L082 9.393 1,899 37.727 Debt Z025 2024 Amountsfallin8 wlthln one year Trade debtors 3,717 14 Credbtory. amounlsfalllnt due withln oneyear 2025 ZOZ4 Other ttn and Social security Trade credito Other Creditors Accruals 3,824 1.876 928 3.991 3.797 4,844 991 2.549 10.619 12,181 14-
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL 5fATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Credito. arn0unt5fal1i due after rnorethan one year 2Q25 2024 Note5 Deferred income 16 2,925 16 Deferd Income 202S 2024 Arising from government grants Otherdeferred Income 3,079 2,925 3,501 6,004 3,501 Defefred incorne 15 included In the financial Statements a5 follows: Z025 2024 Deferred incorne is included withln.. Non-current Ilabllies own as deferred income on the face of the balance sheet 2,925 3,079 3,501 6,004 3,501 Movements in the year.. Deferd income at l April 2024 Released from prevlous peflods Resources deferred In theyear 3,501 14221 2,925 3.998 14971 Deferred sncorne at 31 March 2025 6.Q04 3.501 17 Redrement benefft sdRmes 2025 1024 Defined contrlbution schemes Charge to profit OT1055 In respett of defined contrlbuyon schemes 4,305 4,471 The trust operates a defined contrsbufjon pension scheme for all quallfwng ernpli)yees. The assets of the scheme are held separatety from those of the trust in an indepertdÈntadMinlStered fund. 15
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Re5trkted funds The restricted funds of the charfty comprlse ihe unexpended balances of donadons and grants held on tru5t5ublect to specific condthon5 by donor5 as to how they may be used. Prevlou5year.' At l Aprfl 2023 InmIng Resource5 expended At 31 March Z024 Pupil premium 737 17371 19 Unrestricted funds The unrestritted funds of the charlty cornpre the unexpended balances of donation5 and grantswhlch a not subjett to specific conditions by donor5 and grantors as to howthey may be used. These IrKlude de5Ignated fvnds which have en set aside out of unrestricted fund5 by the trusteesfor 5pecilic purp05e5. At i Aprll Z024 Inwming 5011rces Resources expended At31 Marth 2025 General fund5 110,$81 363,976 1322,7401 151,817 Pr8viou5 yqar.. At IAprfl 2023 Incomine resoue5 ResourcES *¥pended At 31 MaY¢h 2024 General fvnds 131,421 289.902 1310,7421 110581 Analys1$ of asset$ between funds Unre5trlcted lund$ At 31 Mah 2025: Tan8lble assets curntaS$etsIIIi•bl1th"esl Long term liabilities Pro¥lsioAs and deferred income 34.676 123.145 12.9251 13,0791 151,817 16-
LONGTOWN CHILDCARE TRUST LIMITED NOTES TO THE FINANCIAL ATEmENTs ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Analy515 olnet a55ets betweenfunds Icontirwedl Unve#ri¢ted lunds Z024 At 31 Mar¢h 2024: Tangible a55et5 Current assetsllliabllltresl Provlsions and deferd Iniorne 37,727 76.355 13,5011 110,581 Zl Related party tAnsa¢iions Other than as already disclosed In note 9. there were no other disclosèble transathn5 wi(h the Elated partles12024.. Other than as alreaéy disclosed In note 9. there We no other di5closable trdn5action5 v•th the Tekted parbesl. 17-