**The Willows Pre-school** 

## **Treasurers Report For the Annual General Meeting – 2024** 

## **- Income and Expenditure in the 2023 2024 financial year** 

The Year End Income and Expenditure report shows an income over expenditure on preschool running costs figure of £2,362, an improvement on the previous financial year when the year ended with a deficit of minus £4,301.    Surplus ringfenced EYPP funding has been carried forward for use to fund activities for the benefit of the children the additional funding was received for.  All ISF income has been fully utilised in the financial year.  There was no DAF grant funding received within the year. 

## **- Fund Raising in the 2023 2024 financial year** 

Overall a total of £2,130 was raised from which £2,997 was spent on running events, various items of gifts for staff and items of equipment leaving a net deficit of £867 in the year  which will be offset against the ringfenced amounts brought forward from the previous financial year giving a £7,960 fundraising balance to carry forward to the 20242025 financial year. 

## **- Statement of Assets and Liabilities Report for the 2023 2024 financial year** 

The  Statement of Assets and Liabilities shows the asset figures for the 2023-2024 financial year, compared with the previous financial year. 

The pre-school holds assets of £57,515, the majority of which is held in the HSBC Money Manager Account which offers a small amount of interest.  All of these funds are held in contingency or are ringfenced as referenced, leaving a shortfall on the unreserved amount to carry forward for the 2024-2025 financial year of minus £7,252. 

## **Contingency amounts** 

Certain amounts are held to for loss of income, staff redundancy liability and unforeseen building repair amount to £56,552.  In addition ringfenced amounts have been held in reserve to be carried forward to the following financial year, e.g. Fundraising balances, bringing the contingency total to £64,767. 

## **Finance projections for 2024-2025** 

Current projections indicate a potential £7,300+ surplus for the 2024-2025 financial year to end August 2025.  This takes into account current known uptake of additional hours throughout the academic year, which by the summer term the majority of sessions are close to or at full capacity, therefore, there is little room for increased income.  These projections are based on staffing levels as currently allocated and any surplus will vary dependent on additional hours paid to staff. 



**The Willows Pre School (Charity Number 1099558) Receipts and Payments Account For the year ended 31 August 2024** 

|**Receipts**<br>Childcare income<br>Fees Received<br>WC Grant Funding<br>EYPP<br>ISF Income<br>DAF Income<br>Non refundable Registration fee<br>Other income<br>School Dinner Income<br>Snack Income<br>Sundry Income<br>Free school meal income<br>PPE Income<br>Trip Income<br>Investment Income<br>Fundraising<br>Fundraising<br>Uniform/clothing income<br>Donations received<br>Rounding adjustment<br>**TOTAL RECEIPTS**<br>**Payments**<br>Running<br>Accountancy Fees<br>Advertising and Promotion<br>Clothing & Uniforms<br>Consumables<br>Free school meal spend<br>PPE spend<br>DAF spend<br>Equipment<br>Equipment Maintenance &  Repairs<br>EYPP Spend<br>Food, Drink & Refreshments (Staff)<br>Fundraising Expenses<br>Insurance<br>ISF spend<br>webhosting<br>Lease payments<br>School room rent<br>Light & Heat<br>Office Equipment<br>Property Maintenance & Repairs<br>Grounds Maintenance<br>Property Rates<br>Postage<br>Refuse Collection<br>Cleaning<br>School dinners<br>Snack spend<br>Software and Licences<br>Stationery & Printing<br>Subscriptions & Membership Fees<br>Sundry Expenses<br>Telephone, Fax & Broadband<br>Toys, Art & Play Equipment<br>Trips & Entrance Charges<br>Water Rates<br>Bad debts written off<br>Bank charges<br>Administration costs<br>Staffing<br>Wages & Salaries<br>Staff Training & Welfare<br>Motor Expenses<br>Pensions - Employer's contributions<br>DBS checks<br>External Practitioners<br>Rounding adjustments<br>**TOTAL PAYMENTS**<br>**SURPLUS INCOME OVER EXPENDITURE**|£<br>£<br>£<br>20,426<br>107,620<br>0<br>2340<br>0<br>525<br>130,911<br>662<br>1495<br>0<br>165<br>0<br>30<br>0<br>2352<br>2,130<br>38<br>0<br>2,168<br>135,431<br>-2<br>**135,429**<br>4074<br>0<br>359<br>2987<br>165<br>0<br>0<br>646<br>26<br>0<br>28<br>2997<br>0<br>2340<br>85<br>1213<br>1953<br>1275<br>0<br>977<br>119<br>479<br>0<br>885<br>0<br>662<br>1495<br>102<br>0<br>85<br>0<br>773<br>620<br>27<br>820<br>0<br>68<br>0<br>25260<br>103,695<br>2414<br>0<br>1495<br>202<br>0<br>107,806<br>133,066<br>1<br>**133,067**<br>**2,362**<br>2023-2024||£<br>£<br>£<br>27,876<br>83,288<br>225<br>0<br>0<br>450<br>111,839<br>268<br>1671<br>0<br>185<br>0<br>33<br>344<br>2501<br>3,540<br>45<br>0<br>3,585<br>117,925<br>**117,925**<br>3722<br>80<br>649<br>4179<br>165<br>0<br>0<br>228<br>162<br>57<br>809<br>623<br>0<br>85<br>3297<br>1008<br>1412<br>1209<br>2739<br>52<br>757<br>2<br>957<br>0<br>100<br>1444<br>32<br>0<br>203<br>0<br>700<br>174<br>295<br>353<br>0<br>68<br>0<br>25561<br>94,521<br>500<br>29<br>1164<br>445<br>0<br>96,659<br>122,220<br>6<br>**122,226**<br>**-4,301**<br>2022-2023|
|---|---|---|---|
|||||





Independent examinerfs report on
the accounts
CHARITY COMMISSION
FOR ￿lAND AND WALES
Section A
IndeFigndeni EN8mlner'$ Report
Report to tru•t••&f
m•mty•r• ol
On i¢coUnty tor th• ywr 31. Augu•1 2024
G￿rIty no 1099558
Im •nyl
R•*p•dv•
ptsn•lbfjllts"M ol
tr4tht••• and w•mln•r
The charity's ¢rvBlee8 are r&Spon￿b￿ pr￿ratIOn of iho arKount8.
The £h•nly'8 tru8t••• corrd*Jer Ihal an audrt is not requir•d for thij ye•r
under sec1￿n 144 01 the Chanti88 Acl 2011 1.the Chantiei Acri and that an
M*•pendent •xamin•tiw i¥ needed Tr ¢*anty'8 gr088 8%￿d￿j
£250,oc￿ and l am qu¥lthed to undwtsk• th• •x￿ninat￿n by bei
walrf*d momÈ4r of Ingm•il bc4yll. Delot81 l ap￿￿&￿￿8.
11 i• rny r•wn81￿Ity to..
•xamiM Ihe vxounts Lwthr wlion 145 ofth• Chariti"u A<
to fc4trw th? wocedwe• laid dTh¥n In tht gtsn•rnl Dlr•cfjon8 giv•n W th•
Charity Cornm1￿10n lunder 14515llbl of lh• Ch•ritw AQ, ar
to •tst• m•ttw• ￿lmO to my att•nJon.
Ba8￿ of Ind•p•nd•nt My •x•m1n0t￿n out in xcordan￿ wilh genoral Dir•¢ithi8
•xwn5n•rf• •tst•rn•nt by the Charrty Cornmi••p?n. An •x#minotion indLxlei a re¥￿W ol the
accountir*J records kept by thts th*rty aTrJ a comparis¢Jn ofthe &ccount•
premn￿￿ wrth th08e r•cord•. It also inc4ud•• ¢on•thr•tion of any unu•ual
rt•m• or di•do8um in ae¢ounts. •nd wking •xplankn'on8 from tl
truth8 cMc•mlrq •ny 8UL* m&ttw8, Th• yoc•dum Undertaken do not
pfovi<l• all the •vtrJen¢8 that would te required in an audit, •nd
con5equ•nty no opinion * g￿n a8 to whether the accounts kYes•nt •
and tsirf ¥i8w T¢￿rt M limited to thos• matters set out In th•
statement betrw.
Ind•p8ndont In conne(*'on wth my examinltbon, no m•tt•r h•• com• to my knntion
•umin•rf• st•tsm￿t I0￿r than that disdooed ￿10￿.)
1. vthiGh gives m• r•aBonaL4ts cau6• to bel￿ that in. Iny rnthri￿ r•gF*cL
r8quirem•nts.'
to keep accountiryJ r•¢orf8 In acctyd•n(* with ••thon 130 ofth•
Charities Act,. and
lo prepare accounts wfach AG￿rd vrtth a¢¢wntlr4 •nd
¢omply with the accounting rnquir•mMt8 01th? Charili¥ Art
have not t•en mot., or
2. to vthich, in my O￿nIon, •ttwts'on I1￿￿1 b• (trM in Ordw to ¢nable
propw undor•tandinp of the accounts to b• rtathd.
' Pl8888 delet8 tho I￿1￿8 In Ihe brnck8¢& rfthey do not a￿.
Slgnéd:
N•m•:
Pamoia J Tumw
IER

Only COMp￿te Iftht •xarninorn¥dsto hiehliahi m*Erkryl problems IE4

ny It•m8 th*t th•
•x•minv ¢0