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WINDMILL PRE-SCHOOL
Charity Commission no. 1032380
FINANCIAL STATEMENTS
FOR THE
YEAR ENDED 31st MARCH 2025
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WINDMILL PRE-SCHOOL
Charity Commission no. 1032380
CONTENTS
- Page 1 Trustees and advisors 2 Trustees’ report 3 Income and expenditure account 4 Assets, liabilities and funds report 5 Notes on the financial statements 6 Independent Examiner's report
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WINDMILL PRE-SCHOOL
(Charity Commission no. 1032380)
CHARITY INFORMATION
PERIOD ENDED 31st MARCH 2025
Trustees in the year, including those who held office: Leanne O’Callaghan Rachelle Mesley Hannah Miles Julia Vinkokurova Hannah Whiffen (appointed 11" March 2024) Nia Wilson (appointed 24"* February 2025) Treasurer: Leanne O’Callaghan (appointed 1 September 2022) Contact address: Pre-School Building Brookmead School Site High Street lvinghoe LU79EX Independent Examiner: Spicer & Co UK Limited Staple House 5 Eleanor’s Cross Dunstable Bedfordshire LU6 18U Principal bankers: Santander UK ple BBAM Bridle Road Bootle Merseyside L30 4GB
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WINDMILL PRE-SCHOOL
(Charity Commission no. 1032380)
TRUSTEES' REPORT
The trustees set out the financial statements for the year ended 31st March 2025.
The Pre-School is governed by a Constitution that was adopted in November 2014. The overall management and control of the Pre-School rests with the individual members of the Pre-School's Management Committee. Members are elected or re-elected at the Annual General Meeting in July each year.
The trustees have complied with their duty to have given due regard to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities.
The aims of the Pre-School are to enhance the development and education of children under statutory school age. In this period, during the 38 weeks of school term time, the Pre-School has provided morning and afternoon sessions every week day, and all of the sessions are well attended.
The Pre-School opened a second setting in March 2025 in Marsworth which provides places for children from 9 months up to five years old. The Pre-School in Marsworth is able to take funded children from 9 months.
The Pre-School in Ivinghoe provides places for children from two years old up to five years old and is able to take funded children from 2 years old.
Both Pre-Schools offer appropriate play, education and care facilities. In particular, the Pre-School instigates, adheres to and furthers the aims and objects of the Pre-School Learning Alliance.
The Pre-School in Ivinghoe had a busy year: in addition to the normal day-to-day activities of the Pre-School, the children have participated in numerous special occasions and activities, including Sports Day and a Nativity Play.
The Pre-Schools primary source of income is funding from Buckinghamshire County Council, but fundraising is also very important. In late 2017 the government introduced 30 hours free childcare, which the Management Committee supports, and the Pre-School provides. However, it creates a ‘funding gap’ since the hourly fees paid by government do not reflect well our corresponding expenditure, which is primarily staff costs. This year the Pre-School successfully raised funds through volunteer-organised events and initiatives, but we expect the free childcare funding gap to continue to impact our reserves over time. At 31 March 2025, the Pre-School holds cash at the bank and in hand of £273,240.11 all of which is unrestricted funds. These funds are held in order to meet the ongoing expenditure of the Pre-School, as well as to cover the cost of unexpected events.
Trustees: The trustees who held office during the year were as listed on page 1 of this report.
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on behalfof the truSteés
Leanne O'Callaghan
Treasurer
GR Fda WLS
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WINDMILL PRE-SCHOOL (Charity Commission no. 1032380)
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31st MARCH 2025
| Year to | Year to | |
|---|---|---|
| 31 **March | 31" March | |
| 2025 | 2024 | |
| £ | £ | |
| Income | ||
| Nursery and Other Grant | 280,264.31 | 189,868.72 |
| Fees | 63,689.26 | 89,588.41 |
| Fundraising | 17,608.82 | 10,844.99 |
| Uniform | 942.60 | 1,079.25 |
| Sundry | 3,466.94 | 639.31 |
| Bank interest received | 1,842.17 | 1,999.33 |
| HolidayClub | 2,150.70 | 0 |
| Inclusion Funds | 13,542.60 | 0 |
| Income and bank interest | 383,507.40 | 295,534.38 |
| Expenditure | ||
| Wages | 226,789.24 | 180,692.75 |
| Rent and business rates | 10,235.72 | 12,141.67 |
| IT Software and consumables | 3,230.55 | 3,545.14 |
| Equipment | 7,241.54 | 4,912.01 |
| Consumables and resources | 28,830.92 | 11,474.27 |
| Uniform | 1,580.79 | 1,224.20 |
| Social Events | 1,741.52 | 7,836.51 |
| StaffCourses andDBS | 2,643.17 | 3,459.64 |
| Grantspend | 4,859 | 20,514.90 |
| Licenses andsubscriptions | 10,753.31 | 6,383.35 |
| Repairs andmaintenance | 7,578.75 | 0 |
| Fundraising costs | 4,170.40 | 421.32 |
| Advertising | 660.13 | 376,09 |
| Cleaning | 11,268.92 | $,507.62 |
| Sundry | 2,990.31 | 2,349.34 |
| Marsworth Costs | 4,779.87 | 0 |
| Professional Services | 1,746.00 | 1,566.00 |
| Bank Charges | 20.35 | 0 |
| Total Expenditure | 331,120.49 | 262,404.81 |
| Surplus for the financial year | §2,386.91 | 31,209.34 |
| Retained funds broughtforward | 220,853.20 | 189,643.86 |
| Retained funds carried forward | 273,240.11 | 220,853.20 |
| (Includes amount in Deposit Account) | ||
| Alltrustfundsareunrestrictedfunds. |
There were no other recognised gains or losses during the financial year and no separate statement of total recognised gains or losses has therefore been presented.
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WINDMILL PRE-SCHOOL (Charity Commission no. 1032380)
ASSETS, LIABILITIES & FUNDS REPORT
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31March 31% March
2025 2024
£ £
Current assets
Bank and cash 273,240.11 220,853.20
Net current assets 273,240.11 220,853.20
Net assets 273,240.11 220,853.20
Unrestricted funds
Balance brought forward 220,853.20 189,643.86
Surplus for the year 52,386.91 31,209.34
273,240.11 220,853.20
The financial statement was approved by the trustees on 9" July 2025 and were
signed on its behalf by:
a Y y f
Oe ag hon
L.O’Callaghan .
Trustee
J [Vinokurova]
Trustee
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WINDMILL PRE-SCHOOL
(Charity Commission no. 1032380)
YEAR ENDED 31st MARCH 2025
NOTES ON THE FINANCIAL STATEMENTS
1. Accounting policies
The following accounting policy has been used consistently in dealing with items which are considered material in relation to the trust's financial statements:
Basis of accounting
The financial statements have been prepared on a receipts and payments basis.
2. Grants income and expenditure
The Pre-School receives grants in the year to spend on projects related to specific benefits tor the PreSchool, its children and staff. There were no material grants received in the year apart from the council funding for the pre-school.
3. Chair & Trustees’ remuneration
The following chairperson received expenses reimbursements during the year:
J Vinokurova £50.00
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WINDMILL PRE-SCHOOL
(Charity Commission no. 1032380)
YEAR ENDED 31st MARCH 2025
INDEPENDENT EXAMINERS REPORT
Report to the trustees ofWindmill Pre-School (Charity Commission no. 1032380) on the accounts for the year ended 31st March 2025 set out on pages 3 to 5.
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act
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- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention. My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration ofany unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect, the requirements:
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- to keep accounting records in accordance with section 130 of the Charitics Act: and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 9'" July 2025
Suzanne Spicer FCA Spicer & Co UK Limited Staple House 5 Eleanor’s Cross Dunstable Bedfordshire LU6 1SU
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