2024-08-31-accounts

Trustees' Annual Report for the period

To

Period start date Period end date 01 Sept 2023 31 August 2024

From

Section A Reference and administration details

Charity name

Willow Tree Pre School

Other names charity is known by

1130575 Charity's principal address The Green Deanshanger Milton Keynes Postcode MK19 6GL ~~—~~

Registered charity number (if any) 1130575

Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) 1 Catie Sansum Chair All committee members 2 Rachel Evison 3 Lynsey Moore Treasurer 4 Jenny Walker 5 Sara Sutherland Secretary 6 7 Carly West Trustee 8 9 10 11 12 13 14 15 16

17 18 19 20 ~~ae~~ Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year Carly West Lynsey Moore

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Names and addresses of advisers (Optional information) Type of adviser Name Address	Names and addresses of advisers (Optional information) Type of adviser Name Address	Names and addresses of advisers (Optional information) Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Louise King (Pre School Manager) Julie Ramsay (Financial Administrator)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution

Type of governing document (eg. trust deed, constitution) Trust (committee) How the charity is constituted (eg. trust, association, company) Nominated and seconded by committee members Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

• policies and procedures adopted for the induction and training of trustees;

• the charity’s organisational structure and any wider network with which the charity works;

• relationship with any related parties;

• trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Provide a safe, caring and stimulating environment for all children to play and learn. Prepare children for their transition into school and their steps in their education.

Summary of the objects of the To offer a good quality provision to the local community which is open charity set out in its and inclusive to all. governing document To promote positive relationships with parents and carers to ensure strong links between home and pre-school.

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Willow Tree provide a safe and nurturing environment where children’s individuality is respected and valued.

We hold several fundraising events throughout the year which are open to the local community.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

• policy on grantmaking;

• policy programme related investment;

• contribution made by volunteers.

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

We run 10 supervised pre-school sessions per week for children aged 2- 4 years old.

We continue to pride ourselves on keeping a clean and safe environment for the children in our setting. We provide a range of activities to suit all needs and interests.

This year we opened the preschool to 2 year olds, for the first time. This has been a great success and something we wish to continue for the foreseeable future.

At Willow Tree, we continue to use Tapestry, an online learning journal. This has provided us with an efficient way to correspond with parents and show them what activities the children are doing at preschool.

.

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Section E Financial review ~~SS~~

Reserves are held as a security in the event of the charity closing. These Brief statement of the reserves will serve to provide redundancy payments for staff members.

charity’s policy on reserves

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

• the charity’s principal sources of funds (including any fundraising);

• how expenditure has supported the key objectives of the charity;

• investment policy and objectives including any ethical investment policy adopted.

~~SS~~ Section F Other optional information

Section G Declaration ~~SS~~

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Lynsey Moore Full name(s) Carly West ~~ee~~ Position (eg Secretary, Chair, Holding Trustee Trustee etc) ~~ee~~ Date 31/03/2025 31/03/2025 ~~ee~~

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Balance Sheet Willow Tree Pre School As at 31 August 2024 P￿pared by Willoughby & Co.

Contents 8al,Ince shl'ft Balance Sheet Willov4 Tree Pr¢ school 3 Mar2025 Page2013

Balance Sheet Willow Tree Pre School As at 31 August 2024 JI AVG 2034 $1 AUG >￿1 Current Assets Cash al bank and in hand FsJndraiwn8 Re5eive 2.060.12 l Jlf).19 33.14ts.14 26.4SI.27 30,216.15 58,727.54 Willow Tree Pit-school Totil C•sh ai bartkand In hand 24,788.7: 59,799,Q4 Accounis R¢<tivablo 450.33 Tot•1 Current Assets 58,727.54 60,249.37 Credttors: amounts fallin Accounts Payable Pertyons Payable Roundirng Total Creditors: arnount5fJlllng due wSthln one year due wlthin gne ear 59.32 536.48 480.89 2.67 0.25 539.15 540.46 Net Current Assets (Llabllltlesl 58,188.39 59,708.91 Total Assets less Current Liabilitles 58,188.39 59,708.91 Net Assets 58,188.39 59,708.91 ital and Reserves Current Year Earnings Retained Earnings Total Capltal and Reserves 11,52D.521 59,708.91 118,603.121 78,312.03 58,188,39 59,708.91 Balance Sheet willowT￿e Pre School 3 M3r2025 Page3of3

Profit and Loss Willow Tree Pre School For the year ended 31 August 2024 prePa￿d by Willoughby & Co.

Contents Piolil.Ind Lo%s Profit Loss WillowTree Pre school 3 Mar2025 P)8e2of4

Profit and Loss Willow Tree Pre School For the year ended 31 August 2024 2Q24 Turnover Fee% 25,093.15 12.556.76 9,137.1 365.43 94.1%.83 210.12 Tot1 Tymover 124,595.77 106,963.71 Cost ol Sales -￿t Eipenses 38.60 433.98 'ect wJges 106.368.60 98.249.00 Pw¢hases 2.405.10 4,146.02 102,829.IXI Total Cost olsales 108,812.30 Gros5 Proflt 15,783.47 4,134.71 Administrative Costs Ad¥ertising& Marketlng Audil & Accountancy fees 8ad Debt 19.00 1,394.60 862.46 129.00 426.00 Charitable and Polltlcal Donations S7.50 Entertainment- 0% 115.17 Entertainment-IOO% business 180.00 Genefal Expenses (incl Cleaning) Groceries 2.123.90 1,575.38 2,182.90 1,10&80 2,657.90 Insurance 2.380.77 Interest Paid 29.37 IT SofNYare and Consumables 611.28 578.26 Le8al Expenses Llght, Power, Heating Pensions Costs 600.00 2,686.39 2,663.96 2,856.74 2,179.30 Postage, Fresght & Coyfier Printing& Stationory Rates 22.72 605.14 703.34 425.16 643.08 Repairs& Malntenance Staff Troining Sub%rlptions Telephone & Internet Trips Uniforml Clothing Waste Disoosal BlO.00 S,523.11 IK.00 344.00 258.68 288.98 1.273.60 1.172.78 97.75 225.00 729.35 429.00 399.76 Water Itates 1.137.40 800.00 Total Administrative Costs 18,351.73 25,055.80 Operating Profit 12,568.261 120.921.091 Profit and iOS$ IlowTreePre S¢hool 3 Mar 2025 pagtr3014

Othor Inconil rwi 14 Ml.14 ?,JA 1.91 Profit on Ordinary Actlvlties Before Taxatlon Profit after Taxation IA,520.521 IIByJJ.14 11,520.521 Profit and Loss WiliowTree Preschool 3 Ma¥2025 Page4 014

Hi Sara

Please accept my apologies for the delayed response.

Please see attached the WTPS profit and loss account and balance sheet for the year ended 31[st] August 2024.

Points to note:

• Funding and fees increased in the YE 31 August 2024 compared to the previous year by £17.5k which has really helped the preschool almost break even.

• Wages did increase by £8.1k however admin costs were lower by almost £7k predominantly due to repairs and maintenance costs being much lower this year.

• Overall result was a £1.5k loss which considering the loss in the previous year was £18.6k, this is a great achievement to almost breakeven.

If you have any questions, or need anything further, please don’t hesitate to contact me.

Many thanks

Kind regards

Donna Smets ACMA

Chartered Management Accountant

07740 341 925 [e-mail] https://thefinancialcollective.co.uk/

Monday to Thursday - 0900 – 1500

Chartered Management Accountancy practice based in Milton Keynes

Official company name: Willoughby & Smets Accountants Limited