Company registration number.. 5941901 Charity registration number.. 1121726 WILLOW NURSERY AND PRESCHOOL LIMITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Wlllow Nursery and Preschool Llmlted Contents P•ge Reference and Adrninistrative Details Trustees, Report Independent Examiner's Report Statement of Financi31 Activities (including Income and Expenditure Account) Comparative Statement of Financial Activities (including Incorne and Expenditure Account) Balance Sheet Note5 to the Financial Statements 10-15 The following pages do not form part of the statutory accounts.. Detailed Statement of Financial Activities (including Income and Expenditure Account) 16-L7
Wlllow Nursery and Preschool Llmlted Reference and Administrative Details For The Year Ended 30 September 2025 Trustees Mrs Jemma Pyke - Financial Director Mrs Emma Cross - Chair Ms Emrna Dukes Dr Laura Palmer Mrs Harriet Crees Mr5 Sian Creagh (appointed 18/10120251 Charlty Number 1121726 Company Number 5941901 Independent Exgmlner Mr R D Pyke IFA MIPA RJBS Accountants Limited The Old P3per Shop North Street Langport Sornerset TAIO 9RQ Page I
Wlllow Nursery and Preschool Llmlted Company No. 5941901 Trustees. Report For The Year Ended 30 September 2025 The trustees present thelr report and the flnancial ststements for the year ended 30 September 2025. ObJectlve$ and Actlvltles Alms and Objectlves The charitable objerts of Willow Nursery and Pre-school Limited 3re to enhance the development and educ8tion of Children prirnarily under statutory school age by providing andlor assisting in the pmvision of childcare and educational services for the benefit of the cornmunity, In particular Iwithout limitation) chIldn aged between 0-5 years In the area of Shepton Mallet. Our first objective is to provide a safe, Stimulating environment for child attending Willow Nursery and Pre-school to grow and thrive. We employ Qualified staff to meet the Early Years Foundation Stage educational requirements, and we encourage all staff to Identlfy tralnlng opportunilles that ensure contlnuous professlonal development. The Trustees assesses trainlng requests regularly and approves almost all requests for tralning. Willow Nursery and Pre-school Limited also offer work placements for appmpriate students working towards a Childcare qualification. We currently have one work placement student. Our second objective is to provide affordable. high quality childcare. All staff with key children hold or are working towards early years, foundation stage. Costs and suppliers are reviewed to identify savings. and savings are either re-invested to maintain and improve the quality OF learning and play eouipment, saved for our building fund or used to off-set fee increases. Public Benefit In shaping our objective5 for the year and planning our activitie5 the Trustees have considered the Charity Cornmi55lOn'S guidance on public benefit. We reserve a space for emergency placements. These places are usually subsidised by the County Council. We review our fees annually and only increase them If necessary. The trustees confirm that they have cornplied with the requirements of Section 17 of the Charities Act 2011 to have due regard to rhe Charity Commisslon's guidance on public beneflt. structure Goverance and Management The Company was incorporated on 20 September 2006 and commenced trading on l May 2007. It was registered as a charity, number 1121726. on 27 November 2007. Willow's charitable objects are.. To enh3nce the development and education of children primarily under statutory school age by providing andlor 3SSlSting in the pmvision of childcare and educational services for the benefit of the community. in particular (without Iirnitationl children of 0-5 years services in the area of Shepton Mallet. It is the responsibility of the Trustees to ensure that Willow Nursery and Pre-school Lirnited cornplies with its airns and 15 managed correctly. All Parents and Carers are invited prior to our AGM to stand for election to the Trustees. Places on the Board a also open to members of the wider communityi if they wish to stand. We aim to encourage membership of the Board that is repsentatiVe both of Parents and Carers, and the wider tommunityi where this is of benefit to Willow Nursery and Pre- School Limited. (For Example, to provide access to professional expertise that Is not available via the current Board, or to provide access to profession31 expertise th3t Is not available vi3 the current Board, or to provide linkages to other settings or businesses that could Impmve ways of working.) Willow Nursery and Pre-school Limited is registered with Ofsted and receives funding from the Governrnent for eligible 2, 3 & 4 year olds to attend part-time sessions. The County Council pay the charitable company directly, up to the maximum nurnber of hours allocated to each funding period. We also work closely with Children's Social Care and when possible keep one space fe in each building to pmvide emergency Childcare if reouested. Achievements and Performance Page 2
Wlllow Nursery and Preschool Llmlted Trustees. Report (continued} For The Year Ended 30 September 2025 Maln A¢hievement$ We have maintained working condltlons for staff through.. M3n3ging flexible returns to work for all staff on m3ternlty leave. Considering frequent requests to change contracted hours Team Building days out Thi5 year we raised a total of £9,70612024 £2,849). We Continue to hold strong governance and Trustees - staff relations following the AGM in ottober 2025, by.. The elecrion of a strong Board Holdlng lolnt events for staff and Board members Encouraging staff attendance at committee meetings Increasing the involvement and visibility of Board members day-to-day Risk Assessment The Trustees regularly review all types of risk and make contingencie5 for systematic risk. Operating risk5 that can be measured are controlled and monitored. In addition, the Trustees regularly review the risk5 to which children and staff within Willow Nursery and Pre-school Limited 15 exposed, to ensure that the sy5tem5 a in place to mitigate exposu to those risks. All members of Staff, Trustees, Students and Volunteers all have an enhanced DBS disclosu, we have accident and Incident forms for children, staff and any adult on the premises, medlcatlon authorisation forms are fllled In by parents prlor to any medications being administered. All parents sign a contract prior to their child starting which lists any rnedicallhealth pmblems, allergies/sensitivities, any gular medication, food intoleranceslsensitivities or foods forbidden by religion of culture or special needs. There are also sections for permission to take photographs Ifor use within the Nursery and our Website and locallnational papers), walks within the local comrnunitvi for staff to apply creams li.e. sun cream and sudacrernl and for staff to change the child's clothing. The Parents also sign to authorise staff to seek medical treatment in their absence. We have an incoming information book, in which parents inform us of any accidents etc. That the child rnay have had at hoe. The Trustees a consulted on any expenditure, or any repairs to the building, that are not part of the day to day expenses needed to run the group. Signatories for the bank account are the Chair & Treasuor both signatu5 are requi¢ to authorise cheques. Flnanclal Revlew Flnanclal Posltlon FINANCIAL REVIEW The charitable cornpany has seen an Increase In 1caSe In resource5 to £389,997 from £387,392. This Is largely from an increase in numbers and an increase in fees. We also received another donation of £26,000 as a restricted fund towards the new build c05t5. Even without this our fee5 have increased by £68,167. We Still maintain to be the busiest Nursery in Shepton Mallet and have waiting lists or are full on m05t days for the 2026 Academic year. Changes in funding rnean the majority of our fees our now fmm government funding which is having a huge impact on our ability to control incoming resources. In September 2025 County changed the way we receive funding, which was termly In advance and is now monthly In arrea. Resources expended have risen to £342,436 from £309,057 120241. This is evident frorn the incre3se of £24,292 In staff costs for the year. We have also spent a lot to the repairs of our current building. to ensure It Is safe. Ms Dukes and Mrs Wkes have prepared an extensive 2026 budget where we have an achievable plan to increase nurnbers of children to allow for increased wages and utilities in the corning years. Page 3
Wlllow Nursery and Preschool Llmlted Trustees. Report (continued} For The Year Ended 30 September 2025 Re$er¥e$ Poll¢v The charitsble company alms to malntain free reserves that are available for Its general purposes, l.e. those funds that are not restricted, designated or otherwise committed, at a level that is reasonably likely to facillt3te sustalnabillty of its activities over the ensuring 12 months. In May 2019 Willow purchased a large plot and building to move Into once we have approved planning and developed the site will be used for the nursery and pre-school. This purchase has resulted in the large surplus of reserves being used as the deposit for the purchase. In August 2023 we sold the house and cleared the mortgage, but retained the land to build a purpose built modular property. We are are now in connettion with our Landlord5, to try Secure a long term lease to explore replacing the buildings on our CUrt site. Correspondence executed in May 24 5eerned p051tive but 15 now being held up with solicitors and the department for education. We have also In March 2026 put the land we own on the market which will create further surplus reserves to ald our costs of either a new build on site or extensive works to refurbish our current buildings. Although do currently hold £126,000 in reserves that are restricted for the cost of the replacment building or refirbishment of our existing buildings. Other Information Plan5 for the future The Trustees, elected in October 2025, are In the process of setting a clear future direction for Willow Nursery and Pre- School Limited, that will ensure that the charitable company is, and continues to be, a going concern, and that it is well run and delivering its charitable outcomes, as stipulated by the Charities Comrnission. The Trustee5 have been made very aware that the need for eady year5 child care around Shepton Mallet 15 great. County Council will not allow Willow to close as there is such a demand for early years childcare. Despite also removing the majority of the section 106 monies that were pmmised to us to help support our new build. As a committee we have decided to try and retaln our posltlon on our current site and obtaln a favourable long term lease. As a result we have in the coming year spent a lot of our reserves on repairing and improving our current buildings. Statement of Trustees, Responslbllltles The trustees (who are also the directors of Willow Nursery and Preschool Lirnited for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdorn Generally Accepted Accounting Prarticel. copanY law require5 the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable cornpany and of the incoming resources and application of resources, including the income and expenditu, of the chariiable company for that period. In preparing the financial statements the trustees ao reouired to.. select suitable accounting policies and then apply them consistentlv,. observe the methods and principles in the Charity SORP,. make judgments and accounting estimates that are reasonable and prudent,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records which disc105e with reasonable accuracy at anytime the financial position of the charitable cornpany and to enable the to ensure that the accounts comply with the COpanieS Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responslble for the maintenance and integrity of the corporate anifj financial information Included on the ch3ritable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial Statements may differ from legislation in other Jurisdiction5. Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small cornpanies regime within Part 15 of the Companies Act 2006. Page 4
Wlllow Nursery and Preschool Llmlted Trustees. Report (continued} For The Year Ended 30 September 2025 The trustees, report was approved by the board of trustees and Signed on its behalf by.. Mrs Jemma Pyke Mrs Emma Cross Trustee 21st July 2026 Trustee Page 5
Wlllow Nursery and Preschool Llmlted Independent Examiner's Report to the Trustees of Willow Nursery and Preschool Limited For The Year Ended 30 September 2025 I report to the charity tru5tee5 on rny examination of the accounts of the Company for the year ended 30 September 2025. Responslbllltles and Basls ot Report As the charity trustees OF the Company land also its directors for the purposes of company lawl, you are responsible for the preparation of the accounts In accordance wlth the requirements of the Companies Act 2006 1.the 2006 Act"). Having $8tlsfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and 3re eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out rny examination I have followed the Directions given by the Charity Commission under sertion 145151 Ibl of the 2011 Act. Independent Examiner's Statement Since the Company's gross income exceeded £250,000 your exarniner rnust be a member of a body listed in section 145 of the 2011 Act. I confirrn that l am quolified to undertake the examination because I am a mernber of The Institute of Financial Accountants, which Is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination glvlng me cause to believe.. l. accounting records were not kept in SpeCt of the Company as required by section 386 of the 2006 Act,. or 2. the accounts do not accord with those cOrdS. or 3. the accounts do not comply with the accounting requirement5 of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In connectlon with the examlnation to whlch attention should be dwn In this report In order to enable a proper understanding of the accounts to be reached. Mr R D Pyke IFA MIPA 21st July 2026 RJBS Accountants Limited The Old Paper Shop North Street Langport Somerset TAIO 9RQ Page 6
Wlllow Nursery and Preschool Llmlted Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activitles.. loo 26.000 26.100 loo.000 Fees & Scc Grant5 Other Grants, Sponsorship and Sundry Incorne Investments 349,898 9,706 4,293 349,898 9,706 4,293 281,731 2,849 2,812 363,997 26,000 389,997 387,392 EXPENDITURE ON: Charitable activities.. Charitable activities 1332,8521 19,5841 1332,8521 1299.2651 19,5841 19,7921 Governance costs 1342,4361 1342,4361 1309,0571 NET INCOME 21,561 26,000 47,561 78.335 NET MOVEMENT IN FUNDS 21,561 26,000 47,561 78,335 RECONCILIATION OF FUNDS: Total funds brought forward 149,348 loo,000 249,348 171,013 TOTAL FUNDS CARRIED FORWARD 18 170,909 126,000 296,909 249,348 The notes on pages 10 to 15 form part of these financial statements. Page 7
Wlllow Nursery and Preschool Llmlted Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025 2024 Unrestricted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donation5 and legacie5 Charitable activities.. loo,000 loo,000 Fees & Scc Grants Other Grants, Sponsorship and Sundry Incorne Investments 281,731 2,849 2,812 281,731 2,849 2,812 287,392 loo,000 387,392 EXPENDITURE ON: Charitable activities.. Charitable activities 1299,2651 19,7921 1299,2651 19,7921 Governance costs 1309,0571 1309,0571 NET INCOME 121,6651 loo,000 78,335 NET MOVEMENT IN FUNDS 121,6651 loo,000 78,335 RECONCILIATION OF FUNDS: Total funds brought forward 171,013 17L,013 TOTAL FUNDS CARRIED FORWARD 18 149,348 loo,000 249.348 The notes on pages 10 to 15 fortn part of these financial statements. Page 8
Wlllow Nursery and Preschool Llmlted Balance Sheet As At 30 September 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes FIXED ASSETS Tangible Assets li 64,026 64,026 59,887 64,026 64.026 59.887 CURRENT ASSETS Debtors 12 17,474 143,901 17,474 269,901 17,150 283.389 Cash at bank and in hand 126.000 L61,375 126,000 287,375 300,539 Credltors: Amounts Falllng Due Wlthln One Year 13 131,1791 131,1791 181,8061 NET CURRENT ASSETS (LIABILITIES) 130,196 126,000 256,196 218,733 TOTAL ASSETS LESS CURRENT LIABILITIES L94,222 126,000 320,222 278,620 Creditors: Amounts Falling Due After More Than One Year 14 123,3131 123.3131 129.2721 NET ASSETS 170,909 126,000 296,909 249,348 FUNDS OF THE CHAIUTY Restricted Funds 126,000 170,909 loo,000 149,348 Unrestrirted Funds TOTAL FUNDS 18 296,909 249,348 For the year ending 30 September 2025 the charitable company was entitled to exemption from audit under section 477 of the Companles Act 2006 relatlng to small companles. The MeberS have not required the COpanY to obtain an audit in accordance with Section 476 of the Companie5 Act 2006. The trustees acknowledge their sponSibl11t1es for cornplying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared In accordance with the provlslons applicable to companles subject to the small companies regime. On behalf of the board Mrs Jetnrna Pyke Mrs Emma Cross Trustee 21st July 2026 Trustee The notes on pages 10 to 15 fortn part of these financial statements. Page 9
Wlllow Nursery and Preschool Llmlted Notes to the Financial Statements For The Year Ended 30 September 2025 l. General Information Willow Nursery and Preschool Limited 15 a company limited by guarantee, incorporated in England & Wales, registered number 5941901 and regIsted charily number 1121726. The registered office is Accounting Policies 2. 1. Basis of Prepar•tion of Firtancial St•tements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 "Accounting and Reporting by Charifies.. Statement OF Recommended Practice applitable to tharities preparing their atcounts in accordance with the Financial Reporting Standard applicabl& in the UK and Republic of Ireland IFRS 1021 (effective I january 20191. Financi31 Reporting Standard 102 "The Financi31 Reporting Standard applicable In the UK and Republic of Ireland and the Companies Act 2006. The charitable company Is a Public Benefit Entity as defined by FRS 102. 2.2. Incoming Resources Grant Income Grant income is recognised in the period specified by the donor. Grants awarded for the performance of a charitable service or the production of charitable goods are recognised as incoming resources from charitable activities. Other grants received are recognised a5 voluntary income. Fund Attounting Unrestricted fund5 can be used in accordance with the charitable objects at the discretion of the Trustee5. Restrirted funds can only be used for particular restricted purpose5 Within the object5 of the charitable company. Restrictlons arise when specified by the donor or when fund$ are raised for particu13r restricted purposes, expendlture that meets these criteria is charged to the fund. 2.3. Re$our¢e$ Expended Resources expended are recognised in the period they are incurred and include any attributable VAT which cannot be recovered. Costs which are directly attributable to meting charitable objects are classified a5 provision of charitable services. These costs are directly allocated to artivitie5. Costs which are indirectly attributable to meeting charitable objectives are classified as support costs. Such support costs are allocated to acrivltles based on an approximation of support staff time. Costs associated with the general running of the charitable company which are not attributable to meeting charitable objects are classified as governance costs. 2.4. Tanglble Flxed Assets and Depreclatlon T8nglble flxel assets are measured at cost less accumulated depreciatlon and any accumulate¢ impalm)ent losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Freehold Leasehold Plant & Machlnery Fixtures & Fittings Computer Equipment 0% 5%SL 25Wo SL 113 SL 2.5. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. other short-term highly liouid investments that mature in no more than three months from the date of acquisition and are readlly convertible to a known amount of cash wlth Insignificant rlsk of change In value, and bank overdrafts. 3. Income from Donations and Legacies Page 10
Wlllow Nursery and Preschool Llmlted Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 2025 Unrestrlcted Restrlcted Total funds funds funds Donations and gifts loo 26,000 26,100 2024 Unrestrlcted Restrlcted Total funds funds funds Donations and gifts loo,000 loo,000 4. Investment Income 2025 2024 Unrestricted Unrestricted funds funds Bank interest receivable 4,293 2,812 5. Net In¢omel{Expenditure) The net Income Is stated after charging/lcredltingl'. 2025 2024 Bad debts 1,546 2.093 Depreciation of tangible fixed assets - owned 4.170 Analysls of Expendlture 2025 Activities undertaken irertly Support 05ts (see note 71 Totsl Charitable activities 22,216 310.636 9.584 332.852 9,584 Governance costs 22,216 320,220 342,436 2024 Activities undertaken direttlv Support costs (see note 71 Total Charitable activitles Governance costs 14,052 285,213 9,792 299,265 9,792 14,052 295,005 309,057 Page 11
Wlllow Nursery and Preschool Llmlted Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 7. Support Costs 2025 Charltable activities Governance costs Total Ernployee cost5 Premises expenses Gener31 administtIon 273,576 14,244 17,839 4,170 807 273,576 14,244 27.423 4,170 807 9.584 Depreciation Intest payable 310,636 9.584 320,220 2024 Charitable activities Governance Costs Total Ernployee costs Premlses expenses General adrnln15tt10n 249,807 15,139 17,221 2,093 953 249.807 15,139 27,013 2.093 953 9,792 Depreciation Interest payabl 285,213 9,792 295,005 Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements 660 660 9. Staff Costs Staff costs were as follows.. 2025 2024 Wages and salaries Social securlty costs Other pension Costs 257,787 8,969 4,107 233.495 8,921 6,051 270,863 248,467 No etnployees received ernployee benefits (excluding employer pension c05ts1 for the reporting period of tnore than £60,000. 10. Average Number of Employees Average number of employees during the year was.. 15 12024.. 191 Page 12
Wlllow Nursery and Preschool Llmlted Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 11. Tangible Assets Land & Property Freehold Leasehold Plant & Machinery Flxtures & Fittings Cost As at l October 2024 50,000 5,580 7,302 464 30,285 7.845 Additions at 30 September 2025 50,000 5,580 7,766 38,130 Depreclatlon As at l October 2024 Provided during the period 1,465 279 6,839 347 25,415 3,372 As at 30 Septernber 2025 1,744 7,186 28,787 Net Book Value As al 30 Septernber 2025 50.000 3.836 580 9.343 A5 at l October 2024 50,000 4,115 463 4,870 Computer Equipment Total Cost As 3t l October 2024 1,624 94,791 8,309 Additlons As at 30 September 2025 1,624 103,100 Oepreclatlon A5 at L October 2024 1,185 172 34,904 4.170 Pmvided during the period As at 30 Septernber 2025 1,357 39,074 Net Book Value As at 30 September 2025 267 64.026 As at l October 2024 439 59,887 Included above are assets held under finance leases or hire purchase contracts with a net book value as follows.. 12. Debtors 2025 2024 Due wlthln one year Trade debtors Other debtor5 1,688 15,786 1,554 15,596 17.474 17,150 Page 13
Wlllow Nursery and Preschool Llmlted Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 13. Creditors: Amounts Falling Due Within One Year 2025 2024 Trade creditors 707 268 B3nk loans and overdrafts 5,812 2,174 22,486 5,665 Taxation and Social security Accrua15 and deferred income 75,873 31,179 81.806 14. Creditors: Amounts Falling Due After More Than One Year 2025 2024 Bank loans 23.313 29.272 15. Loans An analysis of the maturity of loans Is given below= 2025 2024 Amounts falling due within one year or on demand.. Bank loans 5,812 5,665 2025 2024 Atnounts falling due between one and five years.. Bank loans 23.313 29,272 16. Deferred Income Deferred income movements in the year were as follows.. 2025 2024 6313nce at the start of the period Amounts released in incorne frotn previous periods 32.539 112,8391 32.539 Balance at the end of the period 19,700 32,539 17. Pension Commitments The charitable company operates a defined contribution pension scherne. The assets of the schetne are held SepatelY from those of the charitable company in an independently administered fund. During the year the charye to the statement of financial attivities in respect of defined contribution schemes was £4,107 12024.. £6,0511- At the balance sheet date contributions of £NIL were due to the fund and are included in creditors. Page 14
Wlllow Nursery and Preschool Llmlted Notes to the Financial Statements (continued) For The Year Ended 30 September 2025 18. Movement in Funds Asati October 2024 Asat30 September 2025 Income Expenditure Unrestricted funds General.. General unrestricted fund 149,348 363,997 1342.4361 170,909 Restricted fund$ Restricted loo,000 26,000 126,000 Total funds 249,348 389,997 1342,4361 296,909 A$•ti October 2023 A$at30 September 2024 Income Expenditure Unrestricted funds General.. General unrestricted fund 171.013 287,392 1309,0571 149.348 Restritted funds Restricted loo,000 loo,000 Total funds 171,013 387,392 1309,0571 249,348 19. Transactions with Trustees The following trustees have been paid remuneration or have received other benefits from the charity or related entity.. The charitable company was under the control of the Trustees throughout the current year. It was agreed by the board on 18 October 2025 to continue to use 85 Accountants Limited for indepenent examiners, annual accounts, bookkeeping and payroll services. Mrs. J Pyke (Treasurer) 15 a Director of this Cotnpany. During the period under review RJBS Accountants received £9,584 (including VATI for their services. 12024.. £9,792 including VATI. 85 Accountants Limted are heavily Involved in Willow's day to day running. Mrs E Cross, was paid to help as relief staff whlch is separate from her duties as chairperson. During the year she recelved in wages £11,801 12024, £11,8261. 20. Related Party Di$¢losure$ Dr L Palmer's Partner received £113.59 as a reimbursement of expenses for materials regarding repairs to Willow's site. 21. Company limited by guarantee The cotllpany 15 limited by guarantee and ha5 no share capital. The mernbers who are also the Director5 and Trustees of the company undertakes to contribute to the assets of the company, in the event of a winding up either whilst a member or within one year of their rnembership ceasing, such an amount as may be qUired not exceedlng £1. Page 15
Wlllow Nursery and Preschool Llmlted Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts 26,100 loo.000 26,100 loo,000 Charitable Activities: Fees & Scc Grants Fees 323,821 7.217 17,249 1,611 261,418 8,979 11,334 Hot Lunches Snack & resources Nappy Disposal 349,898 281,731 other Grants, Sponsorshlp and Sundry Income Fundraising 9.706 2,849 9,706 2,849 Investments Bank interest receivable 4,293 2.812 4.293 2.812 389,997 387,392 EXPENDITURE ON: Charltable Actlvltles: Charltable actlvltles Fundraising expenses Resources Snack and food 15381 110,9821 17,6781 13,0181 1257.7871 18,9691 14,1071 11,5991 11871 17841 11431 15,5001 17281 {4,2361 (3,7801 111,8331 11.46LI 12961 11,0461 12.3991 12711 12,8421 18,1151 12,8241 1233.4951 18,9211 16.0511 13571 13691 Waste disposal Wages and salaries Ernployers NI Employers pensions - defined contributions scheme Staff training Prorectlve clothing Staff entertaining Subsistence expenses Rent Rates 16141 15,5001 16261 15.8941 13,1 191 11,6571 11,2411 11731 18771 19,4221 .CONTINUED Light and heat Cleaning Repairs, renewals and maintenance Insurance Prlntlng, postage and statlonery Telecommunications Legal fees Page 16
Wlllow Nursery and Preschool Llmlted Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 30 September 2025 Subscriptions 68nk charges Charitable donations Bad debt5 written off 16431 11231 1381 11,3611 68 1221 11,5461 19301 1601 12,0931 19531 Other office costs Entertaining Depreciation B3nk loan interest 14,1701 18071 1332,8521 1299.2651 Governance costs Independent examlner's fees Accountancy fees 16601 18,9241 16601 19,1321 {9,5841 19.7921 1342,4361 1309.0571 NET INCOME 47,561 78,335 Page 17