**Charity registration number 1173781 (England and Wales)**
## **WATER LILIES PRE-SCHOOL**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2025**
## **WATER LILIES PRE-SCHOOL**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|L Mountain||
|---|---|---|
||E Turner||
||A Schofield||
|**Charity registration**|England and Wales|1173781|
|**Principal address**|9 Cook Way||
||Broadbridge Heath||
||Horsham||
||West Sussex||
||RH12 3US||
|**Independent examiner**|Darren Harding ACA FCCA DChA||
||Richard Place Dobson Services Limited||
||Ground Floor||
||1-7 Station Road||
||Crawley||
||West Sussex||
||RH10 1HT||
## **WATER LILIES PRE-SCHOOL**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 13|
## **WATER LILIES PRE-SCHOOL**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
The trustees present their annual report and financial statements for the year ended 31 July 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
Water Lilies Pre-School is a friendly, non-profit Pre-School based in the small community of Ifield West in Crawley. Open to all Children from 2 - 4 years, we provide a safe, interesting and fun environment in which children can play, learn and grow. We work within the Early Years Foundation Stage 2012 (EYFS) framework in order to support a child's intellectual and social development.
Through a mix of adult-led and self-initiated activities, Water Lilies Pre-School encourage the children to explore their surroundings, encounter new experiences and learn to take risks in a safe and nurturing environment.
Working within the Early Years Foundation Stage 2012 (EYFS) framework, the Pre-school supports a child's intellectual and social development.
In order to achieve this, the preschool:
- Assigns a Key Worker to each child, who monitors and assesses their development and works with parents to tailor a routine that meets the child's requirements
- Designs personal development plan for each child in setting.
- Provides a varied and stimulating range of educational toys, games and activities to encourage children to play, learn and grow at their own pace in line with the principles of child-centred education.
The pre-school operates under the ethos that a balanced diet is essential for the maintenance and protection of children's heath, and that developing a healthy diet and good eating habits in life will lay the foundations for future health.
The pre-school is governed by Ofsted and is required to adhere to their guidance. It is inspected in line with Ofsted regulatory requirements.
In line with government safeguarding legislation, all staff and trustees are required to undertake DBS checks prior to appointment.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
page 1
## **WATER LILIES PRE-SCHOOL**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **Achievements and performance**
We returned to preschool in September 2024, we welcomed lots of new children and families to the setting.
As September was a sunny, warm month, we spent lots of time outside and enjoyed some walks in the local area, including walks to the local pond and surrounding woodland areas.
Unfortunately, we also experienced a Hand, Foot and Mouth outbreak which affected most of our children on roll. With our quieter numbers though, we managed to take a trip on the bus to the town centre with some children which was a thoroughly enjoyable experience.
We held our annual Macmillan coffee morning on 10[th] October, to raise money for Macmillan. We raised a staggering £130. Lots of families baked and bought cakes in for us to sell. It was a great morning.
In the autumn term, we also engaged in lots of autumnal themed activities, including a Halloween fun week. We also had the photographer visiting to take photos of all the children.
In November, we had a fundraising event for Children In Need. We wore fancy dress and spotty clothing and did some fun activities. We raised £30. We also observed Remembrance Sunday and we made poppy hand prints.
We had a Christmas themed visit from the library bus, in November, where we listened to some lovely Christmas stories and joined in with some Christmas singing with instruments.
Throughout December, we engaged in lots of Christmas themed activities, from making Christmas cards to snowman pictures to decorations to Christmas themed tuff trays. We held our annual Christmas party, concert and raffle on the last day of term. In the raffle, we raised £215.
In January, we focussed on healthy eating. We used child safe knives to cut our fruit and talked about our favourite fruits.
We also celebrated Chinese New Year. We had a banquet snack and tried some noodles and prawn crackers. We also made some lanterns and snake pictures as it was the year of the snake.
In February, for Valentine’s day, we made cards and pictures for the people we love.
In March, we read lots of stories and we participated in lots of book related activities for World Book Week. Staff and children alike dressed up as their favourite book characters.
We enjoyed making some pancakes together on Shrove Tuesday. We also used playdough to make pancakes in our home corner.
At the end of March, we focussed on Mother’s Day and Eid.
In April, we celebrated Easter by making cards and partaking in lots of Easter themed activities. Then we held an Easter Party, where the children bought in their Easter Bonnets that they had created at home. We held a bonnet parade and Easter egg raffle, we raised £116 for resources for the setting.
In April, the children who were leaving for school in September, found out their school places.
After the easter break, we went on our annual farm trip to Godstone Farm. We had lots of fun!
In the summer term, we had another visit from the library bus ladies, and with all of the nice weather we had lots of lovely visits to local parks and spent lots of time outside in the garden having fun with water play.
In June, we made father’s day cards for the special men in our lives.
In July, we held a teddy bears picnic for our school leavers at the Mill Pond Adventure Playground. We also had a party and graduation ceremony for them on the last day.
Throughout the academic year, we held several stay and play sessions inviting our children and their families into the preschool for fun activities.
## **Financial review**
During the financial year the charity made a surplus of £14,742 (2024: £25,500).
page 2
## **WATER LILIES PRE-SCHOOL**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
The charity holds in reserve funds to cover expenditure for 3 months in the case of financial difficulty. This includes outgoings for rent, staff salaries and possible redundancy payments. The current funds available are over 3 months expenditure, however any additional fund are used to improve the equipment offered at the nursery.
The charities main source of funding is via the government for 2/3 year olds and 4 year olds attending preschool. In general these funds are used to cover the running costs of the nursery, the largest of which is the rent paid to Crawley Council for the use of the building.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Structure, governance and management**
The charity is controlled by its governing document, Charitable Incorporated Organisation Constitution adopted 11 July 2017.
The trustees who served during the year and up to the date of signature of the financial statements were:
L Mountain
E Turner
A Schofield
Trustees are appointed or re-appointed annually at the Annual General Meeting.
Water Lilies Pre-School is a friendly, non-profit Pre-School based in the small community of Ifield West in Crawley. Open to all children from 2 - 4 years, we provide a safe interesting and fun environment in which Children can play, learn and grow.
Formally a part of the Willow Tree Pre-Schools charity group, founded in 1990, in 2017 the charity decided to split in to it's four separate settings. The Ifield West pre-school has been active since 2011, and is run by an experienced group of Childcare Professionals, led by our Manager, Leanne, who is also a trustee of the charity.
The trustees' report was approved by the Board of Trustees.
L Mountain
**Trustee**
E Turner **Trustee**
Date: 06/03/2026..
page 3
## **WATER LILIES PRE-SCHOOL**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF WATER LILIES PRE-SCHOOL**
I report to the trustees on my examination of the financial statements of Water Lilies Pre-School (the charity) for the year ended 31 July 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Darren Harding ACA FCCA DChA**
Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RH10 1HT Date: 10 March 2026............................
page 4
## **WATER LILIES PRE-SCHOOL**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|135|145|
|Charitable activities|**4**|148,374|144,859|
|Investments|**5**|68|63|
|**Total income**||148,577|145,067|
|**Expenditure on:**||||
|Charitable activities|**6**|133,835|119,567|
|**Total expenditure**||133,835|119,567|
|**Net income and movement in funds**||14,742|25,500|
|**Reconciliation of funds:**||||
|Fund balances at 1 August 2024||66,702|41,202|
|**Fund balances at 31 July 2025**||81,444|66,702|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
page 5
## **WATER LILIES PRE-SCHOOL**
## **BALANCE SHEET**
## _**AS AT 31 JULY 2025**_
|||**2025**||**2024**||
|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**|**£**|
|**Current assets**||||||
|Debtors|**11**|429||491||
|Cash at bank and in hand||84,782||88,422||
|||85,211||88,913||
|**Creditors: amounts falling due within one**|**12**|||||
|**year**||(3,767)||(22,211)||
|**Net current assets**|||81,444||66,702|
|**The funds of the charity**||||||
|Unrestricted funds|**15**||81,444||66,702|
||||81,444||66,702|
|The financial statements were approved by the trustees on 06/03/2026|The financial statements were approved by the trustees on 06/03/2026|The financial statements were approved by the trustees on 06/03/2026||||
|L Mountain||E Turner||||
|**Trustee**||**Trustee**||||
L Mountain **Trustee**
page 6
## **WATER LILIES PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **1 Accounting policies**
## **Charity information**
Water Lilies Pre-School is a Charitable Incorporated Organisation.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The registered office is 9 Cook Way, Broadbridge Heath, Horsham, West Sussex, RH12 3US.
The operation address of the charity is Ifield West Community Centre, Dobbins Place, Ifield West, Crawley, West Sussex RH11 0PL.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
## **1.4 Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The main source of income is funding via a government grant, these funds are received in advance and allocated to the period to which they refer and are deferred where required if the funding related to the period after the financial year.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
The trustees have identified one charitable activity which is the running of the pre-school, all direct costs are associated to this activity. Any costs that are not directly attributed are assigned as support costs under the activity.
page 7
## **WATER LILIES PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **1.8 Taxation**
The charity is exempt from tax on its charitable activities
## **1.9 Employee benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There were no key judgments or accounting estimates during the financial year.
page 8
## **WATER LILIES PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **3 Income from donations and legacies**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Donations and gifts|135|145|
|**4**|**Income from charitable activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Pre-School**|||
||Nursery fees|7,422|10,989|
||Government grants|140,952|133,870|
|||148,374|144,859|
|**5**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest receivable|68|63|
page 9
## **WATER LILIES PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **6 Expenditure on charitable activities**
|||**Pre-School**|**Pre-School**|
|---|---|---|---|
|||**2025**|**2024**|
|||**£**|**£**|
||**Direct costs**|||
||Staff costs|106,110|96,672|
||Rent|16,809|13,444|
||Food|1,179|778|
||Repairs & Maintenance|555|815|
||Equipment|1,819|1,310|
||Uniform|929|471|
||Training|570|570|
||Outings|560|818|
|||128,531|114,878|
||**Share of support and governance costs (see note 7)**|||
||Support|3,468|2,889|
||Governance|1,836|1,800|
|||133,835|119,567|
||**Analysis by fund**|||
||Unrestricted funds|133,835|119,567|
|**7**|**Support costs allocated to activities**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Telephone|244|340|
||Computer costs|247|127|
||Subscriptions|1,431|691|
||Travel|35|12|
||Staff entertainment & gifts|615|688|
||Office supplies|190|316|
||Insurance|706|715|
||Governance costs|1,836|1,800|
|||5,304|4,689|
||**Analysed between:**|||
||Pre-School|5,304|4,689|
page 10
## **WATER LILIES PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**7**
**Support costs allocated to activities**
**Governance costs comprise:**
Independent Examination fees
**8**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements|**(Continued)**
**2025**
**2024**
**£**
**£**
1,836
1,800
1,836
1,800
**2025**
**2024**
**£**
**£**
1,836
1,800|**(Continued)**
**2025**
**2024**
**£**
**£**
1,836
1,800
1,836
1,800
**2025**
**2024**
**£**
**£**
1,836
1,800|
|---|---|---|
|||1,800|
|||**2024**
**£**
1,800|
## **9 Trustees**
One of the trustees Leanne Mountain is also the Pre-school manager. She received total benefits of £34,934 for her role as the manager but is not involved in any discussions surrounding her salary
## **10 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Full time|2|2|
|Part time|4|4|
|Total|6|6|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|96,463|89,475|
|Social security costs|7,992|5,616|
|Other pension costs|1,655|1,581|
||106,110|96,672|
There were no employees whose annual remuneration was more than £60,000.
page 11
## **WATER LILIES PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**10**
**Employees**
**Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
Aggregate compensation
**11**
**Debtors**
**Amounts falling due within one year:**
Prepayments
**12**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Government grants
**13**
Other creditors
Accruals and deferred income
**13**
**Government grants**
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 August 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 July 2025
**14**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**(Continued)**
**2025**
**2024**
**£**
**£**
55,426
57,255
**2025**
**2024**
**£**
**£**
429
491
**2025**
**2024**
**£**
**£**
1,931
1,082
-
17,200
-
314
1,836
3,615
3,767
22,211
**2025**
**2024**
**£**
**£**
-
17,200
17,200
15,297
(17,200)
(15,297)
-
17,200
-
17,200
**2025**
**2024**
**£**
**£**
1,655
1,581|
|---|---|
page 12
## **WATER LILIES PRE-SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **14 Retirement benefit schemes**
## **(Continued)**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **15 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 August**|**Incoming**|**Resources**|
**At 31 July 2025**|
**At 31 July 2025**|
|---|---|---|---|---|---|
||**2024**|**resources**|**expended**|||
||**£**|**£**|**£**||**£**|
|General funds|66,702|148,577|(133,835)||81,444|
|**Previous year:**|**At 1 August**|**Incoming**|**Resources**|
**At 31 July 2024**||
||**2023**|**resources**|**expended**|||
||**£**|**£**|**£**||**£**|
|General funds|41,202|145,067|(119,567)||66,702|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
page 13