UNDER FIVES PROJECT

Registered charity 1026486 · accounts filings on the Charity Commission register · also known as UNDER FIVES CRECHE PROJECT

The Under 5's Project is a Nature lead nursery in an urban area, we support families with children from ages 8 months to 5 years. We are passionate advocates for equality for all, and offer extra support to families and children with special educational, medical needs and disabilities. Our aim is to provide an exceptional early years experience that is assessable to all.

Objects

TO PROTECT AND PRESERVE THE PHYSICAL AND MENTAL HEALTH OF CHILDREN AND THEIR PARENTS IN THE LONDON BOROUGH OF GREENWICH BY THE PROVISION OF A CRECHE FOR CHILDREN UNDER FIVE WHO ARE IN NEED AND THERBY RELIEVING THE STRESS OF THEIR PARENTS WHO ARE SIMILARLY IN NEED BY VIRTUE OF THEIR SOCIAL OR ECONOMIC CIRCUMSTANCES.

Area of benefit: IN PRACTICE LONDON BOROUGH OF GREENWICH

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Get email alerts

Latest income
£863k
Latest spending
£782k
Registered
1993
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a surplus of £81,488 for the year ended 31 March 2025, with total unrestricted funds increasing to £85,507. Per the trustees' report, this level of reserves is below the stated policy target of approximately £80,000, a shortfall attributed to investment in a new site and current funding challenges. The trustees consider the going concern basis appropriate, citing sufficient budgeted income and expenditure to continue operations for the next 12 months.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: London Borough of Greenwich (87% of income)
“London Borough of Greenwich 748,873” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £86k; policy: two months cover of budgeted operating costs approximately £80,000)
“The current level of reserves is below the Trustee’s policy, but due to the current climate, and the second site opening we have unfortunately not been able to build the reserves back up” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: one trustee received £1,068 for services
“During the year, one of the trustee’ received £1,068 (2024: none) for services included within direct costs.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 9. RELATED PARTY TRANSACTIONS
“During the year the charity was invoiced £53,720 (2024: £50,258) for agency staff services from Pots of Fun Mobile Creche Limited, a company owned by S Carr. No amounts were outstanding as at 31 March 2025.” — page 18
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Ofsted (Office For Standards In Education). This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£863k
Total spending
£782k
Reserves (reported)
£100k
Employees
22

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Greenwich

Income and spending

Financial year endIncomeSpending
31/03/2025£863k£782k
31/03/2024£649k£603k
31/03/2023£440k£495k
31/03/2022£227k£240k
31/03/2021£216k£198k

Common questions

Is UNDER FIVES PROJECT financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a surplus of £81,488 for the year ended 31 March 2025, with total unrestricted funds increasing to £85,507. Per the trustees' report, this level of reserves is below the stated policy target of approximately £80,000, a shortfall attributed to investment in a new site and current funding challenges. The trustees consider the going concern basis appropriate, citing sufficient budgeted income and expenditure to continue operations for the next 12 months. Its FY2025 accounts were independently examined.