## **Ludwell Valley Early Childhood Centre**
## **Annual Report To 31st August 2025**
**This report along with the attached financial statements were approved by the Trustees for presentation at the Annual General Meeting of Ludwell Valley Early Childhood Centre.**
**Signed on behalf of the Trustees by:**
Louise Marshall - Chairperson Date: 11/06/2026 **INCORPORTION AND CONSTITUTION**
Ludwell Valley Early Childhood Centre is a registered Charity - 1059948
The Preschool's current constitution was adopted at the Annual General Meeting of June 2015.
## **PRINCIPLE ACTIVITIY AND OBJECT OF THE CHARITY**
The principle activity and object of the Charity is to advance the education of preschool age children. Ludwell Valley lease a building in the Wonford area of Exeter, where qualified and friendly staff provide quality learning and development in a safe, fun environment.
## **MISSION STATEMENT**
Working together to provide quality care and education to create a foundation for lifelong learning.
## **BENIFITS TO THE COMMUNITY**
Our mission is to support and enhance children's development and pre-school education, by giving them a caring and nurturing environment to fulfil their full potential. Every child is an individual and develops at their own pace and we pride ourselves on providing each and every child with the inspiration and confidence to believe that they can achieve. Children in our care learn how to become respectful and moral citizens to aid them in their future.
Education is an essential part of every child’s life, and this is recognised worldwide. Our pre-school educates children in different subjects, teaching them skills and knowledge to assist them throughout their lives. Education teaches children the basic essential life skills, to secure academic achievement and future job prospects, benefiting the lives of everyone. Children that attend our preschool acquire the fundamental values to support their health and wellbeing, which will benefit them but also benefit the public around them, by equipping the children with the capacity of how to understand and operate in the community.
## **CHAIRPERSONS REPORT**
I am pleased to report that the preschool has enjoyed a successful year, achieving a positive financial outcome and generating a profit. This is a testament to the dedication and hard work of the staff, committee members, and all those who support the preschool. We look forward to building on this success and maintaining a strong and sustainable financial position in the future.
The preschool continues to provide an exceptional standard of early years education and care for children within our community. Its reputation and commitment to excellence remain among its greatest strengths. I am confident that, through the
continued efforts of everyone involved, the preschool will continue to thrive and go from strength to strength in the years ahead.
## **TREASURERE REPORT**
I am pleased to report that the Preschool has achieved a surplus for the financial year. This positive outcome reflects the continued commitment to careful financial management and the ongoing support of our families, staff, and wider community.
It is encouraging to see the Preschool's finances back on a stable footing, providing greater confidence in our ability to meet both current and future needs. As a result of this improved financial position, we have been able to invest in the Preschool by upgrading resources and enhancing the learning environment for the children. These improvements help to ensure that we continue to provide high-quality early years education and care.
The Committee will continue to monitor finances closely and manage resources responsibly, while seeking opportunities to further strengthen the Preschool's financial sustainability. We remain committed to investing in the setting where possible, ensuring that children benefit from a safe, stimulating, and well-resourced environment.
## **MANAGERS REPORT**
I am delighted to report that the Preschool has achieved an excess this year. This is a wonderful achievement and one that reflects the dedication, hard work, and commitment of our entire staff team. Their passion for supporting the children and families in our community is evident every day, and I am incredibly proud of all that they have accomplished.
As a not-for-profit Preschool serving an area of significant deprivation, every pound we generate is reinvested back into the setting for the benefit of the children. It is therefore especially pleasing to be in a position where we can use this surplus to update and improve our equipment and resources, helping us to provide an even richer and more engaging learning environment.
I would like to extend my sincere thanks to our staff, committee members, parents, and carers for their continued support throughout the year. The success of the Preschool is very much a team effort, and it is through this shared commitment that we continue to grow and thrive. I look forward to building on this success and continuing to provide the very best start for the children in our care.
## **Ludwell Valley profit and loss report**
## **balance sheet September 2024 to August 2025.**
||**INCOME**
**EXPENDITURE**
Funding
163,843.91
£
Wages
118,845.46
£
Fees
9,576.64
£
HMRC
24,067.92
£
Donations
-
£
Equipment
8,023.29
£
Grants
-
£
Snack
3,341.55
£
Milk
-
£
Fundraising
-
£
Fundraising
-
£
Trips
-
£
Misc
185.00
£
Training
-
£
Interest
1,190.55
£
PLA/OFSTED
35.00
£
Blank
350.00
£
Utilities
9,714.84
£
Blank
-
£
Expenses
2,679.75
£
Petty Cash
-
£
Resources
-
£
Misc
1,001.05
£
Total
175,146.10
£
total
167,708.86
£
Profit/Loss
7,437.24
£
Profit and loss report||**ACCOUNTS**
Opening cash position
54,789.04
Profit/loss
7,437.24
£
Closing cash position
62,226.28
£
BANK
ACCOUNT
current account
4196417
33,226.28
£
CCLA
29,000.00
£
TOTAL
62,226.28
£
NOTE
THE TWO GREEN NUMBERS SHOULD BE THE SAME
Balance sheet|
|---|---|---|---|
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
> **Report to the trustees/** Ludwell Valley Early Childhood Centre **members of**
**On accounts for the year** 31[st] August 2025 **Charity no** 1059948 **ended (if any) Set out on pages** 2 2 (remember to include the page numbers of additional sheets)
**Respective responsibilities of trustees and examiner**
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. [The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of [named body]]. _Delete_ [ ] _if not applicable._
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- 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
- • to state whether particular matters have come to my attention.
**Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** 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 of any 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.
**Independent** In connection with my examination, no matter has come to my attention **examiner's statement** (other than that disclosed below *)
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- 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.
- _Please delete the words in the brackets if they do not apply._
> **Signed:** Nicola Hooper
**Date:** 04/06/2026
1
**IER**
**Name:** NICOLA HOOPER
**Relevant professional qualification(s) or body (if any):**
FMAAT
**Address:** 21 CHERRY TREE CLOSE EXETER DEVON EX4 5AT
## **Section B Disclosure**
Only complete if the examiner needs to highlight material problems.(E.g. accounting records have not been kept in accordance with s132 of the Charities’ Act 2011 and those accounts do not comply with the requirements of the 2008 Regulations setting out the form and content of charity accounts; any material expenditure or action which appears not to be in accordance with the trusts of the charity; any failure to be provided with information and explanations by any past or present trustee, officer or employee; and any material consistency between the accounts and the trustees’ annual report.)
2
**IER**
**Give here brief details of any items that the examiner wishes to disclose** .
3
**IER**