2023-12-31-accounts

Little Willows Pre-school

Registered Charity: 1050897 Wattisfield Road, Walsham le Willows, Bury St. Edmunds, Suffolk IP31 3BD 01359258702

emails: [e-mail] or [e-mail]

Little Willows Pre-school

Chair's Annual Report

Date: 23/09/24

Registered Charity Number: 105089

Wattisfield Road,

Walsham le Willows,

Bury St. Edmunds, Suffolk, IP31 3BD

Introduction

As Chair of Little Willows Pre-school I am pleased to deliver our comprehensive annual report for the fiscal year 2023-2024. This document provides a detailed overview of our operations, highlights our community engagement efforts, summarises our financial health, and outlines the strategic initiatives we have implemented. Our commitment to fostering an enriching environment for early childhood development continues to be at the heart of our mission.

Governance and Leadership

This year has been one of transition and growth in our governance structure. We saw several leadership changes, including the resignation of Nicola Hosch and the subsequent appointments of Ellen Hodges as Chair.

The pre-school saw two leavers, one to retirement which saw us recruit for two new positions and promote two employees into Deputy Manager and Room Lead positions. Our Deputy manager took on the responsibilities of our Manager while she was out on Maternity leave and will continue in this position until May 25 with the Committees continued support.

Educational Excellence and Program Development

In our continuous effort to improve communication within our team, a 15-session course on effective communication was rolled out, aiming to enhance collaboration and efficiency. Our staff's professional development is a priority, and we invest in training that supports their growth and the educational quality provided to our children.

Little Willows Pre-school Registered Charity: 1050897 Wattisfield Road, Walsham le Willows, Bury St. Edmunds, Suffolk IP31 3BD 01359258702

emails: [e-mail] or [e-mail]

Financial Overview

The financial stability of Little Willows has been maintained through diligent management and strategic adjustments.

Our Treasurer completed a comprehensive review of expenses and revenue streams, including a revised fee structure and budgeting for expected increases in national living wage, have been critical in maintaining operational viability.

We continue to look at the introduction of a consumables fee to offset the costs not covered by session fees. This will help stabilise our financial position.

Fundraising and Community Engagement

Our community and fundraising events have been a highlight of the year. The Easter Bunny Hop, Christmas Raffle, and Grandparents Day were not only successful in raising funds but also served as wonderful opportunities for community engagement. We also received funding from the local ‘Open Gardens’ which we put towards a new fence and re-leveling the slabs in the outside area. These events foster a sense of belonging and are integral to our ethos of community involvement.

Challenges and Strategic Responses

We faced several challenges this year, including regulatory compliance with GDPR and financial management in light of budget constraints. Proactive measures, such as the rigorous management of a GDPR request and strategic financial planning, were instrumental in addressing these challenges effectively. Our adherence to regulations and commitment to transparency continue to be paramount in all our operations.

Future Directions and Conclusion

Looking forward, we are excited about the prospects of enhancing our educational offerings and further engaging with our community. Plans are underway to expand our fundraising activities and explore new opportunities for community partnerships. We are committed to ensuring the financial sustainability of Little Willows while continuing to provide an exceptional early educational experience.

We are deeply grateful to our team, parents, and the broader community for their unwavering support. As we move forward, we are enthusiastic about the opportunities to further enrich the lives of our children and their families.

Chair

Little Willows Pre-school Registered Charity: 1050897 Wattisfield Road, Walsham le Willows, Bury St. Edmunds, Suffolk IP31 3BD 01359258702

emails: [e-mail] or [e-mail]

Ellen Hodges

Contact Information: Phone: [phone]

Email: [e-mail] or [e-mail]

Profit and Loss

Little Willows Preschool

For the year ended 31 December 2023

Account	2023
Turnover
Easter Sponsored Bounce	449.00
Fundraising	2,316.93
Grant funding	65,430.06
Interest Income	21.55
Other Revenue	(164.30)
Session fees-extra	4,278.44
Session fees-non funded 2 year olds	13,132.34
Wildcards	292.50
Wraparound care	19,798.57
Total Turnover	105,555.09

Administrative Costs
Classroom assets	4,591.51
Classroom crafts etc	770.05
Cleaning	660.29
Consulting	1,141.19
General Expenses	1,264.90
Insurance	661.49
IT Software and Consumables	173.79
Light, Power, Heating	2,003.39
Medical supplies	630.82
Pensions Costs	3,722.51
Postage, Freight & Courier	170.97
Printing & Stationery	359.03
Rent	55.00
Repairs & Maintenance	809.10
Salaries	108,464.04
Snacks	2,088.50
Staff Training	878.50
Subscriptions	755.04
Telephone & Internet	900.04
Uniform	505.26
Total Administrative Costs	130,605.42
Operating Profit	(25,050.33)

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