1ST PLACE CHILDREN AND PARENTS' CENTRE LTD.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Sayer Vincent LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.”

Significant events

• “We began our year with a very challenging financial situation, having opened a new nursery and taken the very sad and difficult decision to close the setting at St Paul's Church, Lorrimore Square.”
• “The new nursery at The Elephant and Castle continues to consolidate and grow, and more recently I am very pleased to state there has been an OFSTED inspection, which has resulted in a 'good' for all aspects of the nursery provision.”
• “The government announced additional funding of free entitlement places and the introduction of eligibility of children aged 9 months to 2 years from September 2024 onwards. While there were concerns in the sector about potential impact on providers, we have implemented the changes successfully.”
• “We continued to support opportunities for early language development for children in our nurseries in partnership with parents, through the delivery of Early Words Together for 3-4-year olds.”
• “In April 2024 we were awarded a second contract to support the Start for Life programme. This resulted in improved outreach and administration capacity, with a focus on reaching parents with mild to moderate mental health needs, as well as improving access to evidence based parenting support.”
• “With the advent of the new funding, we were delighted to be able to extend the geographical reach of the Rose Vouchers Project to SE16, bringing on board two new distribution partners, Ellen Brown Centre in Bermondsey, and Time & Talents in Rotherhithe...”
• “We are now accredited for Cyber Essentials, which was achieved in February 2025. This accreditation was a whole team effort, with all staff completing baseline, and taking part in a rolling IT training programme.”
• “We started this financial year, having made the decision in December 2023 to close the Lorrimore Square nursery in July, managing the logistics of reducing our sites from 3 to 2 and the transition of children from Lorrimore, the majority to the new nursery at The Elephant.”
• “We have moved our cash reserves into a number of bank accounts under the Charities Aid Foundation Platform. We took the decision that no single deposit should exceed the Financial Services Compensation Scheme limit of £85k. We have earned over £39k in deposit interest at well over 4% combined interest rate.”
• “The 2024/25 financial year proved to be as challenging as we had expected. But with the hard work from our team and the support and cooperation of our parents, we reduced our deficit of £(306)K in the previous financial year, to £(126)K.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +11%

  £3,113,905 → £3,457,224

• Cash

  -44.5%

  £1,039,519 → £576,853

• Net assets

  -21.9%

  £819,679 → £640,314

• Employees

  -8.8%

  148 → 135

• Wages

  +4.3%

  £2,341,836 → £2,441,413

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers