REGISTERED COMPANY NUMBER: CE028341 (England and Wales) REGISTERED CHARITY NUMBER: 1197927
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2025
for
Beavers Under Fives
Elan & Co 2020 Limited Chartered Certified Accountants Unit 3 Cedar Court 1 Royal Oak Yard London SE1 3GA
Beavers Under Fives
Contents of the Financial Statements for the Year Ended 5 April 2025
| Page | |
|---|---|
| Report of the Trustees |
1 to 2 |
| Statement of Financial Activities |
3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements |
5 to 7 |
| Detailed Statement of Financial Activities | 8 |
Beavers Under Fives
Report of the Trustees for the Year Ended 5 April 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 05 April 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 Activities
The charity's object and its principal activity of the company in the year under review was to promote the exclusively charitable work of education and training for children and young people.
FINANCIAL REVIEW
Investment policy and objectives
The trustees have agreed that at present, keeping the funds in a deposit account is the safest option.
Reserves policy
The trustees consider that the financial position of the company is satisfactory. It is the policy of the charity to maintain unrestricted funds at a level, which equates to twelve months of unrestricted expenditure.
STRUCTURE, GOVERNANCE, AND MANAGEMENT
Governing document
The company was incorporated on 15th February 2022 and governed by Memorandum and Articles of Association.
Management
The directors and trustees named on page 1 have served throughout the year. The Articles of Association of the company govern the appointment of directors/trustees.
They had no beneficial interests in the company the liability of each director is a maximum of £100 all directors of the company are trustees of the charity.
Induction and training of new trustees
All trustees are familiar with the work of the charity the existing trustees brief all new trustees Considering the nature of the charity, it was considered not necessary to attend any training courses, but the web site of the Charity Commission was given to all trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE028341 (England and Wales)
Registered Charity number
1197927
Registered office
43 De Beauvoir Road, The Rose Lipman Community Centre, London, N1 5SE
Trustees
Suzan Hamill Victoria O’Connell Christina O’Brien
Company Secretary
Victoria O’Connell
Page 1
Beavers Under Fives
Report of the Trustees for the Tear Ended 05 April 2025
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 26[th] January 2025 and signed on its behalf by:
Suzan Hamill - Trustee
Page 2
Beavers Under Fives
Statement of Financial Activities
for the Year Ended 5 April 2025
Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donation and legacies47,444 Other income98,805 Total 146,249 EXPENDITURE ON Charitable activities Charitable Activity167,871 NET INCOME/(EXPENDITURE) (21,622) RECONCILIATION OF FUNDS Total funds brought forward 4,078 TOTAL FUNDS CARRIED FORWARD (17,544) |
Restricted fund £ - - - - - - |
5/4/25 Total funds £ 47,444 98,805 146,249 167,871 (21,622) 4,078 (17,544) |
5/4/24 Total funds £ 47,621 64,447 112,068 107,991 4,077 1 4,078 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
Beavers Under Fives
Statement of Financial Activities
for the Year Ended 5 April 2025
Notes Unrestricted fund £ FIXED ASSETS Tangible assets 5 - CURRENT ASSETS Amounts falling due within one year 6224 Cash at bank and in hand1,148 CREDITORS Amounts falling due within one year(18,917) NET CURRENT ASSETS 17,545 TOTAL ASSETS LESS CURRENT LIABILITIES - NET ASSETS 21,622 FUNDS Unrestricted funds (21,622) Restricted funds - TOTAL FUNDS(21,622) |
Restricted fund £ - - - - - - - - - |
5/4/25 Total funds £ - 224 1,148 (18,917) 17,545 - 21,622 (21,622) - (21,622) |
5/4/24 Total funds £ - 171 20,587 (16,681) 4,077 - 4,077 4,077 - 4,077 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 05 April 2025.
The members have not required the company to obtain an audit of its financial statements for the period ended 05 April 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies’ regime.
The financial statements were approved by the Board of Trustees and authorized for issue on 26[th] January 2025 and were signed on its behalf by:
Suzan Hamill - Trustee
The notes form part of these financial statements
Page 4
Beavers Under Fives
Notes to the Financial Statements
for the Year Ended 5 April 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognized 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 recognized 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.
Plant and machinery - 25% on cost Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from corporation 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.
2. OTHER INCOME
Other Income Deposit account interest |
05.4.25 £ 98,805 - 98,805 |
05.4.24 £ 64,446 - 64,446 |
|---|---|---|
Page 5
Beavers Under Fives
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
3. NET INCOME/(EXPENDITURE)
| Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
5.4.25 £ - |
5.4.24 £ - |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 5 April.
Trustees' expenses
There were no trustees' expenses paid for the period ended 5 April 2025.
Page 6
Beavers Under Fives
Notes to the Financial Statements - continued
for the Year Ended 05 Aprils 2025
5. TANGIBLE FIXED ASSETS
| Fixtures Freehold Plant and and property machinery fittings £ £ £ COST At 06 April 2024 - - - At 05 April 2025 - - - DEPRECIATION At 06 April 2024 - - - Charge for year- - - At 05 April 2025- - - NET BOOK VALUE At 05 April 2025 -- - 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.25 £ Prepayment and accrued income 224 224 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.25 £ Social security and other taxes 15,607 Other creditors 1,160 Accrued expenses1,200 17,967 |
Totals £ - - - - - - 5.4.24 £ 171 171 5.4.24 £ 13,120 1,160 2,400 16,680 |
|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 05 April 2025.
Page 7
Beavers Under Fives
Detailed Statement of Financial Activities
for the Year Ended 05 April 2025
INCOME AND ENDOWMENTS Donations and legacies Offerings Other income Other income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Services Support costs Wages Other admin expenses Travelling Governance costs Accountancy and legal fees Total resources expended Net profit |
5.4.25 £ 47,444 98,805 - 146,249 95,836 50,746 8,378 10,756 66,611 2,155 146,249 (21,622) |
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This page does not form part of the statutory financial statements
Page 8