## **WATERY LANE PRE-SCHOOL**
## **Charity number - 1022016**
Financial statements For the year ended 31 August 2025
## **WATERY LANE PRE-SCHOOL**
Year ended 31 August 2025
## **Trustees Annual Report for the year ended 31 August 2025**
## **Reference and administration details**
Registered charity number 1022016 Charity's principle address Watery Lane Minehead Somerset TA24 5NY
Trustees acting during the year to 31 August 2025
M Kane Chairman P Dalziel Vice-Chairman C Tier C Coward J Knight
## **Structure, governance and management**
The Watery Lane Pre-school is subject to a constitution dated in 2011.
Under the Committee’s constitution the committee members are also the charity trustees. Under the constitution the committee shall consist of not less than 5 members, and shall meet no less than once a year.
## **Objectives and activities**
The aim of the charity is to provide a pre-school setting which is monitored by the appropriate authorities, where children under statutory school age can attend on a daily basis. The charity offers appropriate play, education and care facilities and family learning. Parents have the right to take responsibility for and to become involved in the activity of the group
The charity provides public benefit through its main activity of providing a pre-school setting which is available for all children of pre-school age and enabling parents to be involved in its activities. The majority of the children are funded by the local authority thus increasing the access of the charity to its pupils.
## **WATERY LANE PRE-SCHOOL**
Year ended 31 August 2025
## **Trustees Annual Report for the year ended 31 August 2025**
## **Achievements and performance**
Each year in my report I always comment on how fast the year has gone by since the last AGM. This year has probably been the fastest year yet, we have faced a number of successes, changes and challenges over the course of the year. It has once again been a great privilege for me to represent our outstanding Pre-School as Chair for the last 12 months and I want to start by thanking our current commitee members for their support.
There is always one aspect of the Pre-School that I’m so very grateful for and that is the wonderful staff team. The incredible work they do and the professionalism they exude is always a source of great pride and confidence for me. I’m sure I speak for all the commitee to offer on record yet again, our heart felt thanks for their unwavering excellent contributions over the last 12 months. I’m sure this will continue, and everyone should be very proud of the great work and strong leadership from the entire team.
In my report at last year’s AGM, I mentioned the frustrating situation we found ourselves in due to the roof, which at the time was not nearly as bad as it is now. The roof issue presented a huge delay in our lease agreement progressing as we were not prepared to sign a lease whilst it remained outstanding. I recently became involved with the roof issue direct with Somerset County Council and sent an email with all our agreement. Since then, several additional discussions have taken place including a Teams meeting with County just this Monday involving both myself and Becki. Whilst as I sit here now, I can’t tell you any definite news, but I can tell you discussions have progressed significantly, and I should be able to provide the commitee with some concrete information literally in the next few days. Please bear with us but my thanks certainly go to Becki and Amy for working with County and myself on this. The lease agreement remains stalled at the present time but will likely feature during the 2025/26 academic year.
Last year I mentioned some concern over the funding freeze and our last AGM was also held before the government’s budget on 30th Oct 2024. You will no doubt be aware that employers’ national insurance rose significantly placing additional pressure on Pre-School finances. I think we can certainly state that our expansion project and wrap-around care have significantly altered our financial position as the last 12 months is the first full financial year since the changes. What the finance report demonstrates is a very strong hold on our financial position and very diligent forecasting and budgetary management. Several very significant grants were also obtained for us during the year, my thanks to everyone involved in the financial management of our wonderful setting.
I also want to highlight the transition for our 2025 leavers into reception class. As with every year, this is always done so professionally, which can but only be to the benefit of the children. We also held an excellent graduation evening. We have also now introduced farm school as an enhancement to our superb forest & beach schools. The children have an amazing experience on a wonderful farm on Exmoor.
:
## WATERY LANE PRE-SCHOOL
- Year ended 31 August 2025 ~
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## Declaration
The trustees declare that they have approved the trustees’ report above.
Trustee Oe Bere Trustee oe M Kane C Coward Date qYn 0) cK byeds Date qh ai 2025
: oe
## **WATERY LANE PRE-SCHOOL**
Year ended 31 August 2025
## **Independent Examiner's report on the Accounts**
I report to the trustees of Watery Lane Pre-school on accounts for the year ended 31 August 2025 which are set out on pages 2 to 13
## **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 2011 Act and in carrying out my examination I have followed the 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;
- 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- 2 the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in the report in order to enable a proper understanding of the accounts to be reached.
**J Price FCCA** Quarry Close Minehead Somerset 15th October 2025
## **WATERY LANE PRE-SCHOOL**
Registered Number 1022016
## **Annual Accounts for the year ended 31 August 2025**
## **Statement of financial activities**
|Note
**Incoming resources**
Donations & Legacies
2
Charitiable activities
2
Other trading activities
2
Investments
2
Other
2
**_Total_**
**Resources expended**
Raising funds
3
Charitable activites
3
Other
**_Total_**
**Net Income/(expenditure)**
**Transfers between funds**
**Other recognised gains/(losses)**
**Reconciliation of funds**
Total funds Brought forward
Total funds Carried forward|Unrestricted
Funds
£
20,662
243,642
4,564
1,341
-
270,209
142
227,083
-
227,225
42,984
-
-
75,446
118,430|Restricted
Funds
£
3,400
-
-
-
-
3,400
-
3,400
-
3,400
-
-
-
-
-|**Total Funds**
**2025**
£
24,062
243,642
4,564
1,341
-
273,609
142
230,483
-
230,625
42,984
-
-
75,446
118,430|**Prior Year**
**funds**
**2024**
£
3,453
223,335
1,711
784
-
229,283
258
200,588
-
200,846
28,437
-
-
47,009
75,446|
|---|---|---|---|---|
:
Registered Number 1022016
_
## WATERY LANE PRE-SCHOOL
## Annual Accounts for the year ended 31 August 2025
|||||Balance Sheet|Balance Sheet||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||TotalFunds|PriorYear||
||:||||Funds|Funds||2024||2023|
||||Note||£||£|£||£|
|Fixed Assets|||||||||||
|Intangible Assets|||||-||2|ye||2|
|Tangible assets||||:|-|||-||“|
|Current Assets|||||||||||
|Stocks|||||:||a|z||=|
|Debtors|||5||3.375||-|3,375||-|
|Cash inbank& inhand|||6||116,618||-|116,618||75,446|
||||||119,993||-|119,993||75,446|
|Creditors|||||||||||
|Amounts fallingdue|duewithin||||||||||
|one year;|||7||||||||
|Creditors|||||1,563||-|1,563||.|
|Netcurrentassets/(liabilities)|||||118,430||-|118,430||75,446|
|Totalnetassets|||||118,430
:
118,430
—————SS
SS O—e—e—e——ESEEE———||||75,446
—————————||
|Funds
of the charity|||||||||||
|Restricted funds|||||-||-|.||<|
|’Unrestricited funds|||||118,430||-|118,430||75,446|
|Revaluation reserve|||||~||-|-||=|
|TotalFunds||||>|118,430
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## **WATERY LANE PRE-SCHOOL**
Registered Number 1022016
**Year ended 31 August 2025**
## **Notes to the financial statements**
1. Accounting Policies
## Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and with the Charities Act 2011.
## Income
All incoming resources are included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and gifts are accounted for when received.
## Expenditure
All resources expended are accounted for on an accruals basis and are classified under headings that aggregate all costs related to the category. Costs not attributable directly to any of the principal expenditure headings are apportioned on an appropriate basis.
## Debtors
Debtors represent fees and grants agreed, but not yet paid. A provision for the debtor is established when there is evidence that the charity will receive funding and the project begins. Debtors are recognised at transaction value.
## Cash
Cash and cash equivalents comprise bank, cash on hand and other short-term liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## Creditors
Trade creditors are recognised where the charity has a present obligation resulting om a past event that will result in the probable transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
## **WATERY LANE PRE-SCHOOL**
Registered Number 1022016 **Year ended 31 August 2025**
## **Notes to the financial statements continued**
1. Accounting Policies (cont)
## Pensions
The charity operates a workplace defined contribution pension scheme. Contributions are charged in the statement of financial activities in the period to which they relate.
## Taxation
No charge to taxation arises in respect of any of the activities of the Company by reason of its charitable status.
## Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity, and which have not been designated for other purposes. Restricted funds are to be used for specific purposes as laid down by the donor.
## **WATERY LANE PRE-SCHOOL**
Registered Number 1022016
## **Year ended 31 August 2025**
## **Notes to the financial statements continued**
2. Analysis of Income
|**_Donations & Legacies_**
Donations from individuals
Fundraising
Grants -
Government grants - wraparound
Tesco - Hygge Hut
Groundwork UK
Minehead Town Council
SS&L Training
**_Charitiable activities_**
Pre-school Fees
Pre-school Fees from Local Authority
Forest School
Breakfast club
Refreshments
High Needs funding
**_Other trading activities_**
Swimming Club
Uniform sales
Milk sales
Hot Dinners
**_Investments_**
Bank interest|Unrestricted
Funds
£
495
1,034
19,132
-
-
-
-
20,662
29,501
183,738
1,237
19,803
2,270
7,093
243,642
270
77
546
3,672
4,564
1,341
270,209|Restricted
**Total Funds**
Funds
**2025**
£
£
-
495
-
1,034
-
19,132
375
375
1,125
1,125
400
400
1,500
1,500
3,400
24,062
-
29,501
-
183,738
-
1,237
-
19,803
2,270
-
7,093
-
243,642
-
270
-
77
-
546
-
3,672
-
4,564
-
1,341
3,400
273,609|**Prior Year**
**funds**
**2024**
£
57
1,896
-
-
-
-
1,500
3,453
43,937
172,506
1,290
5,602
-
-
223,335
575
159
538
439
1,711
784
229,283|
|---|---|---|---|
## **WATERY LANE PRE-SCHOOL**
Registered Number 1022016
**Year ended 31 August 2025**
## **Notes to the financial statements continued**
## 3. Analysis of expenditure
|**_Raising funds_**
Fundraising exp
**_Charitiable activities_**
**Activities relating directly to the work of the**
Wages - staff
Water rates & electricity
DBS Checks
Premises maintenance
Forest School expenses
Breakfast club expenses
Swimming expenses
Milk costs
Uniforms
Hot Dinner costs
Refreshments
Play materials
Equipment repairs & renewals
Cleaning
Training
Sundry Expenses
**Support costs**
Licences and insurance
Postage and stationery
Telephone
Travel Expenses
Bank Charges
Professional Fees|Unrestricted
Funds
£
142
142
**pre-school**
195,389
2,934
432
7,013
3,243
700
200
532
260
3,229
1,572
3,369
2,124
1,305
784
372
223,458
624
344
439
12
539
1,667
3,625
227,225|Restricted
**Total Funds**
Funds
**2025**
£
£
-
142
-
142
1,500
196,889
-
2,934
-
432
1,900
8,913
-
3,243
-
700
-
200
-
532
-
260
-
3,229
-
1,572
-
3,369
-
2,124
-
1,305
-
784
-
372
3,400
226,858
-
624
-
344
-
439
-
12
-
539
-
1,667
-
3,625
3,400
230,625|**Prior Year**
**funds**
**2024**
£
258
258
185,087
3,115
309
681
1,077
169
-
492
343
-
(1,203)
1,819
835
1,474
2,177
348
196,723
1,740
224
323
-
88
1,490
3,865
200,846|
|---|---|---|---|
## **WATERY LANE PRE-SCHOOL**
Registered Number 1022016
**Year ended 31 August 2025**
## **Notes to the financial statements continued**
## 4. Staff costs
|Salaries & wages
Social security costs
Pension contribution costs
Other employee benefits|**2025**
191,153
2,719
2,224
-
196,096|**2024**
183,134
640
2,107
185,881|
|---|---|---|
The average number of employees in the year was 18 (2024:18)
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000
|5. Debtors
SCC - High Needs funding
SCC - Summer 25 preschool places
6. Cash & bank
NatWest Bank - Current acc
NatWest Bank - Reserve acc
Cash in hand
7. Creditors - Due within 1 year
Accountancy Services - 2024/25 year
HMRC - PAYE & NI|**2025**
1,875
1,500
3,375
4,372
112,056
190
116,618
240
1,323
1,563||**2024**
-
-
-
11,638
63,731
77
75,446
-
-|
|---|---|---|---|
## **WATERY LANE PRE-SCHOOL**
Registered Number 1022016
**Year ended 31 August 2025**
## **Notes to the financial statements continued**
7. Charity Funds - movement
|Unrestricted Funds
Charitable activity
Restricted Funds
Hygge Hut & Gardens
Training & employment
Total Funds|75,446
-
-
-
75,446
Balance at
1 Sept 24|270,209
1,900
1,500
3,400
273,609
Incoming|(227,225)
(1,900)
(1,500)
(3,400)
(230,625)
Outgoing|-
-
-
-
-
Transfer|118,430
-
-
-
118,430
Balance at
31 Aug 25|
|---|---|---|---|---|---|
## **Name of fund, description & purpose**
## Charitable activity
These unrestricted funds are held for the ordinary purposes of the charity and are unrestricted as to their use.
## Hygge Hut & gardens
Grant funding received from Minehead Town council, Tesco & Groundwork UK towards the building of a new Hygge Hut and improvement of surrounding gardens. The Hygge Hut creates a calm atmosphere by using soft furnishings, natural materials, soft lighting, and minimal clutter to foster emotional well-being and focus on child-led learning.
## Training & Employment
A total of three £500 grants were received in the year from Somerset Community Foundation, to support the employment and training of 16-30 year old staff members