**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 legacies**47,444**
Other income**98,805**
**Total 146,249**
**EXPENDITURE ON**
**Charitable activities**
Charitable Activity**167,871**
**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 6**224**
Cash at bank and in hand**1,148**
**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)**|
|---|---|
This page does not form part of the statutory financial statements
Page 8