LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO
TRUSTEES’ REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY NUMBER: 1176320
LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO
( Charity No. 1176320)
INDEX TO ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
Pages
2. Legal and Administrative Information
- 3 - 4. Trustees’ Report
5. Independent Examiner’s Report
6. Statement of Financial Activities
7. Balance Sheet
- 8 – 12. Notes to the Accounts
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO
( Charity No. 1176320)
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024
Charity Name and Number
Little Willows Pre-School (Warwickshire) CIO Registered Charity Number: 1176320
Charity Address
Franklin Road Whitnash Warwickshire CV31 2JH
Trustees
Chair - Susan Harris Treasurer - David Harris Manager - Stacey Coulter Other - Harriet Tolley - Anjela Heron - Melanie De Luca - Hayley Gurden
Manager
Susan Harris
Bankers
Santander Bank plc
Independent Examiner
TC Ollis Limited Nelson House 2 Hamilton Terrace Leamington Spa Warwickshire CV32 ELY
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
History, Objectives and Activities of the Trust
The Charitable Incorporated Organisation (CIO) was established on the 18 December 2017 being the incorporation of Little Willows Pre-School (Warwickshire) Charity No.1075438, and is governed by the Pre-School Learning Alliance Constitution of 1999. The main objective of the charity, as set out in the Constitution, is to enhance the development and education of pre-school children by providing appropriate play facilities and activities to offer opportunities for all children whatever their race, culture, religion, means or ability.
Management and Governance Arrangements
The Constitution provides for:
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a) Three officers (Chair, Secretary and Treasurer), and
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b) Not less than two, nor more than nine, elected members, and
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c) If the committee so desires, not more than three members co-opted by the committee.
The trustees are elected annually at the Annual General Meeting. There is no defined internal training scheme for Trustees.
How our Activities Deliver Public Benefit
The Charity carries out a range of activities in pursuance of its charitable aims. The Trustees consider that the activities summarised below provide benefit to the inhabitants of the local area.
Achievements and Performance of the Trust
The main achievements of the charity during the year are:
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Quality early years education in an inclusive environment that promotes unique learning experiences to meet the needs of every child.
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Securing funding to support pre-school children with Special Educational Needs and Disabilities (SEND).
Financial Review, Investment Policy and Reserves
The charity’s principal sources of funds are:
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Early Education Funding
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Fees
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Integrated Disability Support Grants
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Two Year Funding
The charity’s principal expenditure costs are:
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Staffing costs
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Premises
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Operating costs (Including administration and consumables)
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO
( Charity No. 1176320)
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
CONTINUED
The charity has a policy to provide sufficient reserves to finance the pre-school for a six month period.
The expenditure of the charity has provided for quality early years education within a well resourced and stimulating environment supported by motivated, experienced and well trained staff.
Future Plans
The trustees intend to continue providing quality early years education for pre-school children in a similar way to the recent past and to continue to improve the learning environment of the children.
Statement Trustees’ Responsibilities
Charity Law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:-
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2006. They are also responsible for safeguarding the assets of charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
The trustees intend to ask the existing independent examiner to undertake the independent examination of the trust in the following year.
Signed on behalf of the trustees:
Signature:
Name: Susan Harris Position: Chair Date:
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO
I report to the trustees on my examination of the Accounts of Little Willows Pre-School (Warwickshire) for the year ended 31 August 2024.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner’s Statement
I have completed my examination and subject to the above, I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 386 of the 2006 Act; or
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the accounts do not accord those records; or
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the accounts do not comply with the accounting requirements 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.
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 (other than those mentioned above) in order to enable a proper understanding of the accounts to be reached.
John Alan Davies Date: On behalf of TC Ollis Limited Nelson House 2 Hamilton Terrace Leamington Spa Warwickshire CV32 4LY
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| Year ended | Year ended | ||
| 31 August 2024 | 31 August 2023 | ||
| £ | £ | ||
| Incoming Resources | 8 | ||
| Incoming Resources from Generated | Funds | ||
| Fees | 83,876 | 72,973 | |
| Fundraising | 2,341 | 2,909 | |
| Other Income | 1,618 | 649 | |
| Incoming Resources from Charitable | Activities | ||
| Grants | 394,445 | 278,992 | |
| _ | ______ | ||
| Total incoming resources | 482,280 | 355,523 | |
| Resources expended | 9 | ||
| Charitable Activities | |||
| Premises | 25,493 | 20,934 | |
| Staff Costs | 355,091 | 276,032 | |
| Operating Costs | 10,037 | 9,266 | |
| Governance Costs | |||
| Administration | 14,895 | 10,509 | |
| Consumables | 12,876 | 13,850 | |
| Fundraising | 655 | 595 | |
| ______ | ______ | ||
| Total resources expended | 399,047 | 331,186 | |
| ______ | ______ | ||
| NET INCOMING | |||
| RESOURCES FOR THE YEAR | 83,233 | 24,337 | |
| Total funds brought forward | 178,716 | 154,379 |
|
| ______ | ______ | ||
| Total funds carried forward | 261,949 | 178,716 | |
| _ | _ |
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
BALANCE SHEET AS AT 31 AUGUST 2024
| CURRENT ASSETS Stock Debtors Cash at bank and in hand TOTAL CURRENT ASSETS CREDITORS: Amounts falling due within one year Sundry creditors Fees paid in advance TOTAL CREDITORS NET CURRENT ASSETS FUNDS OF THE CHARITY UNRESTRICTED FUNDS Name: Susan Harris Position: Chair |
2024 2023 £ £ 750 625 1,777 11,682 314,858 206,180 _ _ 317,385 218,487 55,226 39,621 210 150 __ _ (55,436) (39,771) _ ____ 261,949 178,716 261,949 178,716 Date: |
|---|---|
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
1. Accounting Policies
Company Information
Little Willows Pre-School (Warwickshire) CIO is a charitable incorporated organisation and is registered with the charity commission.
Accounting Convention
These financial statements have been prepared in accordance with FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure is required to show a true and fair view.
These financial statements have also been prepared in accordance with:
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Accounting and reporting by Charities - Statement of Recommended Practice (SORP FRS102)
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The Charities Act 2011
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
The principal accounting policies adopted are set out below.
a) Fund Accounting
Unrestricted funds are funds which are available at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
b) Incoming Resources and Related Expenditure
Incoming resources are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Where incoming resources have related expenditure (as with fundraising or contract income) the resources and related expenditure are reported gross in the SoFA.
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
CONTINUED
c) Grants and donations
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
d) Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service of facility received.
e) Volunteer help
The value of any voluntary help received is not included in the accounts.
f ) Investment income
This is included in the accounts when receivable.
g) Expenditure and Liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs include costs of the preparation and examination of statutory accounts, the cost of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Staff costs are recognised as and when they become due.
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 CONTINUED
2. Assets
Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost. The insurance value of equipment is given by way of note to the accounts.
3. Taxation
The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable services.
4. Fees for the Examination of the Accounts
2024 2023
Independent examination £ 600 £ 570
5. Tangible Fixed Assets
Equipment has an insurance valuation of £20,000.
6. Related Party Transactions
Susan Harris had remuneration of £19,500 for the year (£19,500 – 2023).
7. Employees
The average number of Employees during the period was 12 (12 – 2023). No employee received total employee benefits of more than £60,000.
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO ( Charity No. 1176320)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
8.
| 2024 | 2023 | |
|---|---|---|
| Year ended | Year ended | |
| 31 August 2024 | **31 August 2023 ** | |
| INCOMING RESOURCES | ||
| Incoming Resources from Generated Funds | ||
| Fees | ||
| Fees | 41,458 | 40,162 |
| Clubs | 42,418 | 32,811 |
| _ | ______ | |
| Total Fees | 83,876 | 72,973 |
| Fundraising | ||
| Uniform | 450 | 691 |
| Fundraising Events | 1891 | 2,218 |
| _ | ______ | |
| Total Fundraising | 2,341 | 2,909 |
| Other Income | ||
| Bank Interest | 885 | 464 |
| Other | 733 | 185 |
| ______ | _____ | |
| Total Other Income | 1,618 | 649 |
| Incoming Resources from Charitable | ||
| Activities Grants | ||
| Nursery Education Grant | 244,384 | 183,593 |
| Two year funding | 36,887 | 30,341 |
| IDS | 112,674 | 59,473 |
| Grants | 500 | 5,585 |
| ______ | ______ | |
| Total Grants | 394,445 | 278,992 |
| _ | _ | |
| TOTAL INCOME | 482,280 | 355,523 |
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LITTLE WILLOWS PRE-SCHOOL (WARWICKSHIRE) CIO
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
9.
2024 2023 Year ended Year ended 31 August 2024 31 August 2023
RESOURCES EXPENDED
| CHARITABLE ACTIVITIES Premises Rent 7,000 Utilities 13,536 Rates 1,184 General Maintenance 3,773 __ Total Premises 25,493 Staff Costs Wages 305,425 Employer’s NIC - Training 4,821 Travel Expenses 130 Employee’s Pension 3,839 Staff Cover 19,077 Staff Recruitment 1,799 _ Total Staff Costs335,091 Operating Costs Equipment 10,037 _ Total Operating Costs10,037 GOVERNANCE COSTS Administration Stationery 8,089 Telephone/Broadband 2,743 Professional Fees 2,850 Equipment Insurance 1,213 Total Operating Costs 14,895 Consumables Wrap Around 119 Activities 9,086 Refreshments 304 Cleaning 2,687 Fruit 680 Total Consumables 12,876 Fundraising Uniform 655 ____ Total Fundraising 655 TOTAL RESOURCES EXPENDED 399,047 |
6,643 11,164 1,581 1,546 __ 20,934 261,213 993 2,797 453 3,743 4,458 2,375 276,032 9,266 9,266 7,558 1,346 806 799 10,509 70 11,558 313 1,395 514 13,850 595 __ 595 331,186 |
|---|---|
| _ |
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