WILLOW CHILDCARE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net unrestricted deficit of £14,547 for the year ended 31 March 2024, compared to a deficit of £4,359 in the previous year. Per the trustees' report, unrestricted reserves of £1,430,599 were maintained at the end of the year, which the trustees consider sufficient to meet their policy target of three to six months' expenditure. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the Charitable Incorporated Organisation that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (01/11/2021)
Trustees
- Hannah Holdgate
- Karen Hussey
- Kate Emily Hefford
- Michael Nally
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.2m |
| 31/03/2024 | £960k | £974k |
| 31/03/2023 | £833k | £837k |
| 31/03/2022 | £572k | £575k |
| 31/03/2021 | £0 | £0 |
Common questions
Is WILLOW CHILDCARE financially healthy?
The accounts state that the charity reported a net unrestricted deficit of £14,547 for the year ended 31 March 2024, compared to a deficit of £4,359 in the previous year. Per the trustees' report, unrestricted reserves of £1,430,599 were maintained at the end of the year, which the trustees consider sufficient to meet their policy target of three to six months' expenditure. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.