Willow Nursery and Preschool Limited

	Page
Reference and Administrative Details	1
Trustees' Report	2—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Comparative Statement of Financial Activities (including Income and Expenditure Account)	8
Balance Sheet	9
Notes to the Financial Statements	10—17

The trustees present their report and the financial statements for the year ended 30 September 2025.

Objectives and Activities

Aims and Objectives

The charitable objects of Willow Nursery and Pre-School Limited are to enhance the development and education of Children primarily under statutory school age by providing and/or assisting in the provision of childcare and educational services for the benefit of the community, in particular (without limitation) children aged between 0-5 years in the area of Shepton Mallet.

Our first objective is to provide a safe, stimulating environment for children 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 identify training opportunities that ensure continuous professional development. The Trustees assesses training requests regularly and approves almost all requests for training.

Willow Nursery and Pre-School Limited also offer work placements for appropriate 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 equipment, saved for our building fund or used to off-set fee increases.

Public Benefit

In shaping our objectives for the year and planning our activities the Trustees have considered the Charity Commission’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 complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Structure, Goverance and Management

The Company was incorporated on 20 September 2006 and commenced trading on 1 May 2007. It was registered as a charity, number 1121726, on 27 November 2007.

Willow’s charitable objects are:

To enhance the development and education of children primarily under statutory school age by providing and/or assisting in the provision of childcare and educational services for the benefit of the community, in particular (without limitation) 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 Limited complies with its aims and is managed correctly.

All Parents and Carers are invited prior to our AGM to stand for election to the Trustees. Places on the Board are also open to members of the wider community, if they wish to stand. We aim to encourage membership of the Board that is representative both of Parents and Carers, and the wider community, 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 professional expertise that is not available via the current Board, or to provide linkages to other settings or businesses that could improve ways of working.)

Willow Nursery and Pre-School Limited is registered with Ofsted and receives funding from the Government for eligible 2, 3 & 4 year olds to attend part-time sessions. The County Council pay the charitable company directly, up to the maximum number of hours allocated to each funding period. We also work closely with Children’s Social Care and when possible keep one space free in each building to provide emergency childcare if requested.

Achievements and Performance

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Willow Nursery and Preschool Limited

Trustees' Report (continued)

For The Year Ended 30 September 2025

Main Achievements

We have maintained working conditions for staff through:

• Managing flexible returns to work for all staff on maternity leave.

• Considering frequent requests to change contracted hours

• Team Building days out

This year we raised a total of £9,706 (2024 £2,849).

We continue to hold strong governance and Trustees – staff relations following the AGM in October 2025, by:

• The election of a strong Board

• Holding joint 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 contingencies for systematic risk. Operating risks that can be measured are controlled and monitored. In addition, the Trustees regularly review the risks to which children and staff within Willow Nursery and Pre-School Limited is exposed, to ensure that the systems are in place to mitigate exposure to those risks.

All members of Staff, Trustees, Students and Volunteers all have an enhanced DBS disclosure, we have accident and incident forms for children, staff and any adult on the premises, medication authorisation forms are filled in by parents prior to any medications being administered.

All parents sign a contract prior to their child starting which lists any medical/health problems, allergies/sensitivities, any regular medication, food intolerances/sensitivities or foods forbidden by religion of culture or special needs.

There are also sections for permission to take photographs (for use within the Nursery and our Website and local/national papers), walks within the local community, for staff to apply creams (i.e. sun cream and sudacrem) 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 may have had at home.

The Trustees are 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 & Treasurer both signatures are required to authorise cheques.

Financial Review

Financial Position

FINANCIAL REVIEW

The charitable company has seen an increase in increase in resources 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 costs. Even without this our fees have increased by £68,167. We still maintain to be the busiest Nursery in Shepton Mallet and have waiting lists or are full on most days for the 2026 Academic year. Changes in funding mean the majority of our fees our now from 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 arrears.

Resources expended have risen to £342,436 from £309,057 (2024). This is evident from the increase 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 Pykes have prepared an extensive 2026 budget where we have an achievable plan to increase numbers of children to allow for increased wages and utilities in the coming years.

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Willow Nursery and Preschool Limited

Trustees' Report (continued)

For The Year Ended 30 September 2025

Reserves Policy

The charitable company aims to maintain free reserves that are available for its general purposes, i.e. those funds that are not restricted, designated or otherwise committed, at a level that is reasonably likely to facilitate sustainability 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 connection with our Landlords, to try and secure a long term lease to explore replacing the buildings on our current site. Correspondence executed in May 24 seemed positive but is 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 aid our costs of either a new build on site or extensive works to refurbish our current buildings.

Although we 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

Plans 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 Commission.

The Trustees have been made very aware that the need for early years child care around Shepton Mallet is 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 promised to us to help support our new build.

As a committee we have decided to try and retain our position on our current site and obtain 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' Responsibilities

The trustees (who are also the directors of Willow Nursery and Preschool Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires 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 company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
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 disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies 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 responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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Willow Nursery and Preschool Limited

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 Trustee	Mrs Emma Cross Trustee
21st July 2026

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Willow Nursery and Preschool Limited

Independent Examiner's Report to the Trustees of Willow Nursery and Preschool Limited

For The Year Ended 30 September 2025

Independent Examiner's Report to the Trustees of Willow Nursery and Preschool Limited

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are 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 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member 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 giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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; or
the accounts have not been prepared in accordance with the methods and principles 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 (FRS 102).

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 accounts to be reached.

Mr R D Pyke IFA MIPA

21st July 2026

RJBS Accountants Limited

The Old Paper Shop
North Street
Langport
Somerset
TA10 9RQ

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Willow Nursery and Preschool Limited

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 September 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	100	26,000	26,100	100,000
Charitable activities:
Fees & Scc Grants		349,898	-	349,898	281,731
Other Grants, Sponsorship and Sundry Income		9,706	-	9,706	2,849
Investments	4	4,293	-	4,293	2,812

		363,997	26,000	389,997	387,392

EXPENDITURE ON:
Charitable activities:	6
Charitable activities		(332,852 )	-	(332,852 )	(299,265 )
Governance costs		(9,584 )	-	(9,584 )	(9,792 )

		(342,436 )	-	(342,436 )	(309,057 )

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	100,000	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.

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Willow Nursery and Preschool Limited

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 September 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	-	100,000	100,000
Charitable activities:
Fees & Scc Grants		281,731	-	281,731
Other Grants, Sponsorship and Sundry Income		2,849	-	2,849
Investments	4	2,812	-	2,812

		287,392	100,000	387,392

EXPENDITURE ON:
Charitable activities:	6
Charitable activities		(299,265 )	-	(299,265 )
Governance costs		(9,792 )	-	(9,792 )

		(309,057 )	-	(309,057 )

NET INCOME		(21,665 )	100,000	78,335


NET MOVEMENT IN FUNDS		(21,665 )	100,000	78,335
RECONCILIATION OF FUNDS:
Total funds brought forward		171,013	-	171,013

TOTAL FUNDS CARRIED FORWARD	18	149,348	100,000	249,348

The notes on pages 10 to 15 form part of these financial statements.

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Willow Nursery and Preschool Limited

Balance Sheet

As At 30 September 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	11	64,026	-	64,026	59,887

		64,026	-	64,026	59,887
CURRENT ASSETS
Debtors	12	17,474	-	17,474	17,150
Cash at bank and in hand		143,901	126,000	269,901	283,389

		161,375	126,000	287,375	300,539
Creditors: Amounts Falling Due Within One Year	13	(31,179 )	-	(31,179 )	(81,806 )

NET CURRENT ASSETS (LIABILITIES)		130,196	126,000	256,196	218,733

TOTAL ASSETS LESS CURRENT LIABILITIES		194,222	126,000	320,222	278,620

Creditors: Amounts Falling Due After More Than One Year	14	(23,313 )	-	(23,313 )	(29,272 )

NET ASSETS		170,909	126,000	296,909	249,348

FUNDS OF THE CHARITY
Restricted Funds				126,000	100,000
Unrestricted Funds				170,909	149,348

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 Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying 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 provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mrs Jemma Pyke Trustee	Mrs Emma Cross Trustee
21st July 2026

The notes on pages 10 to 15 form part of these financial statements.

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Willow Nursery and Preschool Limited

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

Willow Nursery and Preschool Limited is a company limited by guarantee, incorporated in England & Wales, registered number 5941901 and registered charity number 1121726 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial 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 as voluntary income.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes, expenditure that meets these criteria is charged to the fund.

2.3. Resources 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 as provision of charitable services. These costs are directly allocated to activities.

Costs which are indirectly attributable to meeting charitable objectives are classified as support costs. Such support costs are allocated to activities 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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment 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	0%
Leasehold	5% SL
Plant & Machinery	25% SL
Fixtures & Fittings	20% SL
Computer Equipment	1/3 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 liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

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Willow Nursery and Preschool Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	100	26,000	26,100

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	-	100,000	100,000

4. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	4,293	2,812

5. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

	2025	2024
	£	£
Bad debts	-	1,546
Depreciation of tangible fixed assets - owned	4,170	2,093

6. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 7 )	Total
	£	£	£
Charitable activities	22,216	310,636	332,852
Governance costs	-	9,584	9,584

	22,216	320,220	342,436

			2024
	Activities undertaken directly	Support costs (see note 7 )	Total
	£	£	£
Charitable activities	14,052	285,213	299,265
Governance costs	-	9,792	9,792

	14,052	295,005	309,057

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Willow Nursery and Preschool Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

7. Support Costs

			2025
	Charitable activities	Governance costs	Total
	£	£	£
Employee costs	273,576	-	273,576
Premises expenses	14,244	-	14,244
General administration	17,839	9,584	27,423
Depreciation	4,170	-	4,170
Interest payable	807	-	807

	310,636	9,584	320,220

			2024
	Charitable activities	Governance costs	Total
	£	£	£
Employee costs	249,807	-	249,807
Premises expenses	15,139	-	15,139
General administration	17,221	9,792	27,013
Depreciation	2,093	-	2,093
Interest payable	953	-	953

	285,213	9,792	295,005

8. 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	257,787	233,495
Social security costs	8,969	8,921
Other pension costs	4,107	6,051

	270,863	248,467

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

10. Average Number of Employees

Average number of employees during the year was: 15 (2024: 19)

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Willow Nursery and Preschool Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

11. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 October 2024	50,000	5,580	7,302	30,285
Additions	-	-	464	7,845

As at 30 September 2025	50,000	5,580	7,766	38,130

Depreciation
As at 1 October 2024	-	1,465	6,839	25,415
Provided during the period	-	279	347	3,372

As at 30 September 2025	-	1,744	7,186	28,787

Net Book Value
As at 30 September 2025	50,000	3,836	580	9,343

As at 1 October 2024	50,000	4,115	463	4,870


	Computer Equipment	Total
	£	£
Cost
As at 1 October 2024	1,624	94,791
Additions	-	8,309

As at 30 September 2025	1,624	103,100

Depreciation
As at 1 October 2024	1,185	34,904
Provided during the period	172	4,170

As at 30 September 2025	1,357	39,074

Net Book Value
As at 30 September 2025	267	64,026

As at 1 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 within one year
Trade debtors	1,688	1,554
Other debtors	15,786	15,596

	17,474	17,150

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Willow Nursery and Preschool Limited

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
Bank loans and overdrafts	5,812	5,665
Taxation and social security	2,174	-
Accruals and deferred income	22,486	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
	£	£
Amounts 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
	£	£
Balance at the start of the period	32,539	32,539
Amounts released in income from previous periods	(12,839 )	-

Balance at the end of the period	19,700	32,539

17. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £4,107 (2024: £6,051).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

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Willow Nursery and Preschool Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

18. Movement in Funds

	As at 1 October 2024	Income	Expenditure	As at 30 September 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	149,348	363,997	(342,436 )	170,909
Restricted funds
Restricted	100,000	26,000	-	126,000


Total funds	249,348	389,997	(342,436 )	296,909

	As at 1 October 2023	Income	Expenditure	As at 30 September 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	171,013	287,392	(309,057 )	149,348
Restricted funds
Restricted	-	100,000	-	100,000


Total funds	171,013	387,392	(309,057 )	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 RJBS Accountants Limited for indepenent examiners, annual accounts, bookkeeping and payroll services. Mrs. J Pyke (Treasurer) is a Director of this Company. During the period under review RJBS Accountants received £9,584 (including VAT) for their services. (2024: £9,792 including VAT). RJBS Accountants Limted are heavily involved in Willow’s day to day running.

Mrs E Cross, was paid to help as relief staff which is separate from her duties as chairperson. During the year she received in wages £11,801 (2024, £11,826).

20. Related Party Disclosures

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 company is limited by guarantee and has no share capital.

The members who are also the Directors 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 membership ceasing, such an amount as may be required not exceeding £1.

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Willow Nursery and Preschool Limited

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 September 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations and gifts	26,100	100,000

	26,100	100,000

Charitable Activities:
Fees & Scc Grants
Fees	323,821	261,418
Hot Lunches	7,217	8,979
Snack & resources	17,249	11,334
Nappy Disposal	1,611	-

	349,898	281,731
Other Grants, Sponsorship 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:
Charitable Activities:
Charitable activities
Fundraising expenses	(538)	(271)
Resources	(10,982)	(2,842)
Snack and food	(7,678)	(8,115)
Waste disposal	(3,018)	(2,824)
Wages and salaries	(257,787)	(233,495)
Employers NI	(8,969)	(8,921)
Employers pensions - defined contributions scheme	(4,107)	(6,051)
Staff training	(1,599)	(357)
Protective clothing	(187)	(369)
Staff entertaining	(784)	-
Subsistence expenses	(143)	(614)
Rent	(5,500)	(5,500)
Rates	(728)	(626)
Light and heat	(4,236)	(5,894)
Cleaning	(3,780)	(3,119)
Repairs, renewals and maintenance	(11,833)	(1,657)
Insurance	(1,461)	(1,241)
Printing, postage and stationery	(296)	(173)
Telecommunications	(1,046)	(877)
Legal fees	(2,399)	(9,422)

...CONTINUED

Page 16

Page 17

Willow Nursery and Preschool Limited

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 30 September 2025

Governance costs
Subscriptions	(643)	(1,361)
Bank charges	(123)	68
Charitable donations	(38)	(22)
Bad debts written off	-	(1,546)
Other office costs	-	(930)
Entertaining	-	(60)
Depreciation	(4,170)	(2,093)
Bank loan interest	(807)	(953)

	(332,852)	(299,265)
Independent examiner's fees	(660)	(660)
Accountancy fees	(8,924)	(9,132)

	(9,584)	(9,792)

	(342,436)	(309,057)

NET INCOME	47,561	78,335

Page 17

Trustees	Mrs Jemma Pyke - Financial Director
	Mrs Emma Cross - Chair
	Ms Emma Dukes
	Dr Laura Palmer
	Mrs Harriet Crees
	Mrs Sian Creagh (appointed 18/10/2025)


Charity Number	1121726

Company Number	5941901

Independent Examiner	Mr R D Pyke IFA MIPA
	RJBS Accountants Limited
	The Old Paper Shop North Street Langport Somerset TA10 9RQ