**The Willows Pre-school** ## **Treasurers Report For the Annual General Meeting – 2025** ## **- Income and Expenditure in the 2024 2025 financial year** The Year End Income and Expenditure report shows an income over expenditure on preschool running costs figure of £2,245, slightly less than the previous financial year when the year ended with a surplus of £2,362. Surplus ringfenced ISF and EYPP funding will be carried forward for use to fund activities for the benefit of the children the additional funding was received for. There was no DAF grant funding received within the year. ## **- Fund Raising in the 2024 2025 financial year** Overall a total of £3,089 was raised in the year from which £1,395 was spent on running events, various items of gifts for staff and items of equipment leaving a net surplus of £1,694 in the year which will be added to the ringfenced amounts brought forward from the previous financial year giving a £9,654 fundraising balance to carry forward to the 2025-2026 financial year. ## **- Statement of Assets and Liabilities Report for the 2024 2025 financial year** The Statement of Assets and Liabilities shows the asset figures for the 2024-2025 financial year, compared with the previous financial year. The pre-school holds assets of £59,760, 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 2025-2026 financial year of minus £16,880 ## **Contingency amounts** Certain amounts are held to for loss of income, staff redundancy liability and unforeseen building repair amount to £65,302. 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 £76,640. ## **Finance projections for 2025-2026** Current projections indicate a potential £2,200+ surplus for the 2025-2026 financial year to end August 2026. 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. Th• WIIIowi Pr• 5¢hO￿ (Chaffty Numlxr 11)99550) Attelpts an¢ Paymenb Account For tha y•*r •nd•d 31 Au•u•t 202S 2024-2025 2023-2024 R•¢•lp chI￿care kn¢0 fee5 Recew WCG¢ant Furdh EYPP ISF Income I￿orne 634 317 107.620 S25 othor Irrtomg hool Dlnnor In¢¢w SnKk Income SLmdry IrKome 1495 17S 165 Trl>lnu IrAwrn•ntlhcowrt 3103 2352 2,1 Fundrnwry VthmldotNw Irrtom• 165 5431 ftourdiw4dlus¢rneni TOTAL Rtct p•ym•flts Runnl 13S42• Acrs>JntahtyFees Ad¥YrtJslrqand Pr•N Uiiifom 4074 359 165 DAF spend Egu*rneiit Equlwentm￿rttmrtÈth Awirs EYPPknnd FufydrnWr*Swnd Iwance ISF wd *•bhfAtlr4 2997 1213 1953 L*Nt & H••t (xnce Equlpment Property Malni*rthK•• ft•p*s ¢>ounds maIntw￿ Prop•rty Rit•s Ino 51 479 119 479 RelL¢eCo*th)n SChDDldln￿ers dc spwd Soltw4r* Uc•K sub1crfW￿ & M￿b￿￿PF*1l dry Experws 1062 885 661 1495 ioi 773 T45yJ.Art& Pl•y E4ulpMe Trlps& Entr4rKe Ch•rys Woter Rates Bad dEbts￿Itt￿rII Bank£￿ty*s AlmlnL5trnUcn Ways&Salarfes Staff & W 27 61 25260 Stafnni IW52. 2473 3.695. 1414 Emoltyer's￿Ic 447 Extewql P￿ct￿￿￿r5 0 129540.( TOTAL PAYMtKrs 162m 133C67 SUAPLUS INCOME OVER EXPENDmiAE 1245 st41eme￿O1AWets*4IL￿7￿￿t Por th• y•ar end•d 31 Auguffjt 2025 2023.2024 bCeommth)tyk¢Mt L5BC Morymanagerkcount 56,712 &720 SO.712 Prfty Ca* hdd 58033 r*btors Less Credknrs Lcffjl -Sl1.C•J rowidlag ￿￿th￿tt$ Tot•lF¢Jnds kcumulated Reserves N•t profIA￿ul V•ar•nd adJuth•nt IS U45 55,1 1362 TOtsI fvnd• $9,760 57,Sllh M•ld •• R•••t ISF IrKorM over sptr 1132 Ll32 255 297 255 552 DAF F￿r￿r•I1r￿j t4 7.960 0,827 ac6ure Cffjgts... Redurtthncy nt4k• Ildlno Dlspw th￿fee rdmbursemtrt unftreseen b￿ldIry4 repair 287 15182 IQ671 io,o)J 76,640 64,767 Independent examinerfs report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independent Examiner's Report Réport to tho truste￿1 members of The Wllows Pre-school On accounts for tho yaar •nd 31st August 2025 Charlty no (if any) 1099558 set out on pages Rospectlve re8pon8ibllltles of trustees and 8xamln•r The charity'8 trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audtt is not required for this year under section 144 of the Charities Act 2011 (Ihe Charit18s Act") and that an independent examination is needed. ￿he charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being qualffied member of [named bodyl]. Delete I l if not appI￿able. It Is my responsibility to: examine the accounts urthr Section 145 of the Charities Act, to follow the prowlures laid down in the general Directions given by the Charty Commission (under Section 145(5)(bl of the Charities Act, and to State whether particular matters have come to my attention. Ba818 of Independent My examination wa8 carried out in accorda￿ with general Directions given •xamIn0￿* •tat•m•nt by the Charty 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 indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provKle all the eV￿ence that would be required in an audit, and consequenlly no opinion is given as to vthether the accounts present a Yrue and fairf view and the report 18 limited to those matters set out in the statement below. Independent In connectlon wfth my examlnatlon. rK) matter has come to my attentlon oxamlnerfs Ststomont lother than that disclosed below ') 1. which gives me reasonable cause to believe that in, any materlal respect, the requirements: to keep accounting records in accordance with seCt￿n 130 of the Chartties A¢t,' and to prepare accounts vthich accord with the accounting records and comply wrih 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 proper understanding of th8 accounts to be reached. . Please delete the ￿￿rdS in the br8ckets rfthey do not appty. Signed: Date: 1£ Iozs Namo: Pamela J Tumer Relevant professional qualifiGationls) or body lrfany): Addr•s8: AQ lQ Section B Disclosure Only complete if the examiner needs to highlight material problems.IE.8. accountin8 record5 have not been kept In accordance with s132 of the Charltles, Act 2011 and those accounts do not cornp￿ with the requirements of the 2008 Re8ulations setting out the form and content ol charlty accounts,. any materlal expendlture or a¢tlon whlch appears not to be in accordance the trusts of the charlty. any failure to be provlded wlth Informatlon and explanations by any past or present trustee. officer or employee; and any materlal conslstencv between the accounts and the trustees, annual report.) Glve here brief details of any items that the oxamlner wishos to dls¢lose.