REGISTERED CHARITY NUMBER: 1188877
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2025
for
Churchstoke Little Explorers
Churchstoke Little Explorers
Contents of the Financial Statements for the Year Ended 31 August 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
Churchstoke Little Explorers
Reference and Administrative Details for the Year Ended 31 August 2025
TRUSTEES
V Iovu A Clark K Thomas R Jones S Davies (appointed 1.1.25) (resigned 1.11.25) R J Sherriff (appointed 1.1.25) A Bell (appointed 1.1.25) (resigned 1.11.25)
PRINCIPAL ADDRESS Churchstoke C P School Churchstoke Montgomery Powys SY15 6AA
REGISTERED CHARITY NUMBER 1188877
INDEPENDENT EXAMINER
Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY
Page 1
Churchstoke Little Explorers
Report of the Trustees for the Year Ended 31 August 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide childcare for 2-4 year olds and after school club for primary school age children.
Vision - Happy and independent, curious explorers.
We aim to achieve this by providing a preschool childcare service for the local community as well as offering after school care for primary age children.
Public benefit
The trustees have had regard to the Charity Commission's guidance on public benefit when exercising any powers or duties to which the guidance is relevant.
Volunteers
Many hours of time donated by committee members.
ACHIEVEMENTS AND PERFORMANCE
We have continued to provide child care for the local community.
Opening extended hours for preschool and after school to fit around working patterns of parents/guardians.
FINANCIAL REVIEW
Financial position
The statement of Financial Activities show a deficit for the year of £4,705 (2024: £2,161), and reserves now stand at £8,731 (2024: £13,436).
Reserves policy
All reserves are currently unrestricted free reserves. Our aim is to build up reserves sufficient to cover 6 months operating costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document (constitution), and constitutes a charitable incorporated organisation (CIO).
The Board has the power to appoint additional trustees as it considers fit to do so.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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Churchstoke Little Explorers
Report of the Trustees for the Year Ended 31 August 2025
Approved by order of the board of trustees on 24 June 2026 and signed on its behalf by:
R Jones - Trustee
Page 3
Independent Examiner's Report to the Trustees of
Churchstoke Little Explorers
Independent examiner's report to the trustees of Churchstoke Little Explorers
I report to the charity trustees on my examination of the accounts of Churchstoke Little Explorers (the Trust) for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Thomas Landers BA FCA
Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY
24 June 2026
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Churchstoke Little Explorers
Statement of Financial Activities for the Year Ended 31 August 2025
| 31.8.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 319 Charitable activities 4 Nursery 97,751 Other trading activities 3 2,840 Total 100,910 EXPENDITURE ON Charitable activities 5 Nursery 105,615 NET INCOME/(EXPENDITURE) (4,705) RECONCILIATION OF FUNDS Total funds brought forward 13,436 TOTAL FUNDS CARRIED FORWARD 8,731 |
31.8.24 Total funds £ 213 77,563 3,244 81,020 83,181 (2,161) 15,597 13,436 |
|---|---|
The notes form part of these financial statements
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Churchstoke Little Explorers
Balance Sheet 31 August 2025
| 31.8.25 | 31.8.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 9 | 1,888 | 2,831 |
| CURRENT ASSETS | |||
| Cash at bank | 9,690 | 10,711 | |
| CREDITORS | |||
| Amounts falling due within one year | 10 | (2,847) | (106) |
| NET CURRENT ASSETS | 6,843 | 10,605 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 8,731 | 13,436 | |
| NET ASSETS | 8,731 | 13,436 | |
| FUNDS | 11 | ||
| Unrestricted funds | 8,731 | 13,436 | |
| TOTAL FUNDS | 8,731 | 13,436 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 June 2026 and were signed on its behalf by:
R Jones - Trustee
The notes form part of these financial statements
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Churchstoke Little Explorers
Notes to the Financial Statements for the Year Ended 31 August 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
2. DONATIONS AND LEGACIES
| 31.8.25 | 31.8.24 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Donations | 319 | 213 | |||
| 3. | OTHER TRADING ACTIVITIES | ||||
| 31.8.25 | 31.8.24 | ||||
| £ | £ | ||||
| Fundraising events | 2,840 | 3,244 | |||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 31.8.25 | 31.8.24 | ||||
| Activity | £ | £ | |||
| Local Authority Funding | Nursery | 62,895 | 40,582 | ||
| Fees | Nursery | 34,856 | 36,981 | ||
| 97,751 | 77,563 | ||||
| 5. | CHARITABLE ACTIVITIES | COSTS | |||
| Direct | Support | ||||
| Costs | costs | Totals | |||
| £ | £ | £ | |||
| Nursery | 103,538 | 2,077 | 105,615 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
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continued...
Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Nursery No employees received emoluments in excess of £60,000. 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Nursery Other trading activities Total EXPENDITURE ON Charitable activities Nursery NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.25 31.8.24 6 6 Unrestricted fund £ 213 77,563 3,244 81,020 83,181 (2,161) 15,597 13,436 |
|---|---|
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
9. TANGIBLE FIXED ASSETS
| COST At 1 September 2024 and 31 August 2025 DEPRECIATION At 1 September 2024 Charge for year At 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.9.24 £ 13,436 13,436 Incoming resources £ 100,910 100,910 |
31.8.25 £ 1,670 421 756 2,847 Net movement in funds £ (4,705) (4,705) Resources expended £ (105,615) (105,615) |
Computer equipment £ 3,775 944 943 1,887 1,888 2,831 31.8.24 £ 524 (1,325) 907 106 At 31.8.25 £ 8,731 8,731 Movement in funds £ (4,705) (4,705) |
|---|---|---|---|
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.23 | in funds | 31.8.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 15,597 | (2,161) | 13,436 |
| TOTAL FUNDS | 15,597 | (2,161) | 13,436 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 81,020 | (83,181) | (2,161) |
| TOTAL FUNDS | 81,020 | (83,181) | (2,161) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.9.23 in funds £ £ 15,597 (6,866) 15,597 (6,866) |
At 31.8.25 £ 8,731 |
|---|---|---|
| 8,731 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 181,930 181,930 |
Resources expended £ (188,796) (188,796) |
Movement in funds £ (6,866) |
|---|---|---|---|
| (6,866) |
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Churchstoke Little Explorers
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
12. RELATED PARTY DISCLOSURES
Fees amounting to £4,767 were paid by 4 trustees in relation to 7 children in the year. (2024: £3,823)
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