Company registration number: 07162177 Charity registration number: 1135623
**CHUDLEIGH KNIGHTON PRE-SCHOOL LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **Chudleigh Knighton Pre-School Limited Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities (including Income and Expenditure Account)|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7—11|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities (including Income and Expenditure Account)|12|
## **Chudleigh Knighton Pre-School Limited Company No. 07162177 Trustees' Report For The Year Ended 31 August 2025**
The trustees present their report and the financial statements for the year ended 31 August 2025.
## **Objectives and Activities**
## **Aims and Objectives**
The objects of the Charity are set out in the articles of association. In summary, the Charity provides pre-School education facilities to children from the age of 2 —4 years. The objects of the Charity include enhancing the development and education of children primarily under statutory school age. The Charity provides these facilities 5 days a week.
The Charity offers play, education and care facilities and works closely with the local community and other education facilities, such as Chudleigh Knighton Church of England Primary School, to promote the needs and education of pre-school children for the public benefit.
## **Public Benefit**
In summary, the Charity offers Pre-School educational and play facilities to children primarily under statutory school age. This benefits the community by providing Early Years care for children living in or around Chudleigh Knighton, and supporting and encouraging parents and carers in the development and education of pre-school children. The Charity works closely with the local primary school, the church and the village hall, ensuring strong links are maintained within the community.
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.
## **Financial Review**
## **Business review**
The Charity has been operating from in its premises at 'Pauline's Place' in the village of Chudleigh Knighton for 15 years.
The Charity has an excellent reputation and has been providing quality childcare & education for over 50 years. The preschool continues to draw children from the neighbouring towns & villages, offering places for funded and non-funded children aged 2-4 years. The setting fully participates in the upscaled working entitlement funding scheme, providing up to 30 hours per week of funded childcare to working families. The continued provision of a breakfast club helps to provide further flexibility for families.
An average of 40 children were enrolled per term, with up to 20 attending each session. Children attended between 5 and 33 hours per week, demonstrating the flexibility we strive to offer families. The majority - 91% of all hours - were government funded, matching the previous year. The quality of care is recognised by OfSted in their most recent "Good" rating (September 2023)
The performance of the Charity is set out in the accounts.
The Charity recorded a surplus for the year. With the steady attendance and improved offering on funding the Directors consider that the Charity remains a viable organisation that will continue to provide high quality pre-school facilities to the locality.
It is the policy of the Charity to retain a minimum of £25,000 in designated reserves, which is expendable, to deal with items of unusual expenditure such as redundancy payments (should they be relevant) and repairs to the building. At the year end the Charity held £65,525 in reserves (£27,219 of which is held in separate designated funds accounts).
After making enquiries, the directors have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they consider it appropriate to adopt the going concern basis in preparing the accounts.
## **Structure, Governance and Management**
## **Governing Document**
The Charity was incorporated as a company limited by guarantee on 18 February 2010 and registered with the Charity Commission on 21 April 2010. The Charity began operating on 7 October 2010 following a transfer from an existing Pre-School charity (Charity Number — 1022361).
## **Reference and Administrative Details**
## **Trustees**
Mrs V Andrews Mrs S Lacey
Page 1
**Chudleigh Knighton Pre-School Limited Trustees' Report (continued) For The Year Ended 31 August 2025**
Mrs J Viney
## **Company Secretary**
Mrs V Andrews
## **Charity Number**
1135623
## **Company Number**
07162177
## **Independent Examiner**
David Cook FCCA Devon Accounting Solutions Limited Chartered Certified Accountants 2 The Triangle Teignmouth Devon TQ14 8AU
Page 2
## **Chudleigh Knighton Pre-School Limited Trustees' Report (continued) For The Year Ended 31 August 2025**
## **Other Information**
## **Directors & employees**
The minimum number of Directors is 3 but there is no maximum.
The Directors are also members of the Charity. The Directors communicate during the year and welcome parents, carers and other interested members of the community to become involved in fundraising events and the running of the Charity.
Whilst corporate decisions are made by the Directors, the day to day running of the Charity is carried out by the Managers and Deputy Manager. During the year the Charity employed 7 staff, including a Manager, Deputy Manager and Office manager. All the childcare staff & managers have been employed by the charity for several years, they are it's greatest asset, and the low turn-over of employees is due to high levels of job satisfaction. The charity also provided a Level 2 apprecticeship placement
## **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.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Sally Lacey (May 11, 2026, 2:17pm)
Mrs S Lacey
Trustee
Date
Page 3
## **Chudleigh Knighton Pre-School Limited Independent Examiner's Report to the Trustees of Chudleigh Knighton Pre-School Limited For The Year Ended 31 August 2025**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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**
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.
David Cook (May 11, 2026, 2:55pm)
David Cook FCCA Date Devon Accounting Solutions Limited Chartered Certified Accountants 2 The Triangle Teignmouth Devon TQ14 8AU
Page 4
## **Chudleigh Knighton Pre-School Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Charitable activities:
General
Investments
**3**
**EXPENDITURE ON:**
Charitable activities:
**5**
General
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**13**|**2025**
**Unrestricted**
**funds**
**£**
120,349
332|**2024**
**Unrestricted**
**funds**
**£**
104,004
394|
|---|---|---|
||120,681|104,398|
||(105,016)|(98,371)|
||15,665|6,027|
||15,665
49,486|6,027
43,459|
||65,151|49,486|
The notes on pages 7 to 11 form part of these financial statements.
Page 5
## **Chudleigh Knighton Pre-School Limited Balance Sheet As At 31 August 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**10**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**11**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**13**|**2025**
**Unrestricted**
**funds**
**£**
-|**2024**
**Total funds**
**£**
67|
|---|---|---|
||-
65,885|67
49,746|
||65,885
(734)|49,746
(327)|
||65,151|49,419|
||65,151|49,486|
||65,151|49,486|
||65,151|49,486|
||65,151|49,486|
For the year ending 31 August 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
Sally Lacey (May 11, 2026, 2:17pm)
Mrs S Lacey
Trustee Date
The notes on pages 7 to 11 form part of these financial statements.
Page 6
## **Chudleigh Knighton Pre-School Limited Notes to the Financial Statements For The Year Ended 31 August 2025**
## 1. **General Information**
Chudleigh Knighton Pre-School Limited is a company limited by guarantee, incorporated in England & Wales, registered number 07162177 and registered charity number 1135623. 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. **Fund Accounting**
Unrestricted funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Designated funds which are expendable, are funds set aside to deal with items of unusual expenditure such as redundancy payments (should they be relevant) and repairs to the building.
## 2.3. **Incoming Resources**
All incoming resources are recognised once the Charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
## 2.4. **Resources Expended**
All expenditure is accounted for on an accruals basis and is recognised when a legal or constructive obligation arises, resulting in a payment being unavoidable.
## 2.5. **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:
Plant & Machinery
20% straight line
## 2.6. **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.
## 2.7. **Taxation**
The Charity is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the Charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
## 3. **Investment Income**
|.
**Investment Income**|||
|---|---|---|
||**2025**|**2024**|
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**£**|**£**|
|Bank interest receivable|332|394|
Page 7
**Chudleigh Knighton Pre-School Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
|4.
**Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
5.
**Analysis of Expenditure**
General
General
6.
**Support Costs**
Employee costs
Premises expenses
General administration
Depreciation
Employee costs
Premises expenses
General administration
Depreciation|**Activities**
**undertaken**
**directly**
**£**
2,463|**2025**
**£**
67|**2024**
**£**
816|
|---|---|---|---|
|||**Support costs**
(see note 6)
**£**
102,553|**2025**
**Total**
**£**
105,016|
||**Activities**
**undertaken**
**directly**
**£**
12,192|**Support costs**
(see note 6)
**£**
86,179|**2024**
**Total**
**£**
98,371|
||||**2025**
**General**
**£**
82,435
16,564
3,487
67|
||||102,553|
||||**2024**
**General**
**£**
66,951
15,561
2,851
816|
||||86,179|
Page 8
## **Chudleigh Knighton Pre-School Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
7. **Independent Examiner's Remuneration**
|7.
**Independent Examiner's Remuneration**|||
|---|---|---|
|Independent examination of the financial statements
8.
**Staff Costs**
Staff costs were as follows:
Wages and salaries
Social security costs|**2025**
**£**
360
**2025**
**£**
73,247
8,692
81,939|**2024**
**£**
315|
|||**2024**
**£**
60,531
5,909|
|||66,440|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## 9. **Average Number of Employees**
Average number of employees during the year was: 7 (2024: 7)
10. **Tangible Assets**
|0.
**Tangible Assets**|||
|---|---|---|
|**Cost**
As at 1 September 2024
As at 31 August 2025
**Depreciation**
As at 1 September 2024
Provided during the period
As at 31 August 2025
**Net Book Value**
As at 31 August 2025
As at 1 September 2024
1.
**Creditors: Amounts Falling Due Within One Year**
Other creditors
Taxation and social security|**2025**
**£**
548
186
734|**Plant &**
**Machinery**
**£**
4,083|
|||4,083|
|||4,016
67|
|||4,083|
|||-|
|||67|
|||**2024**
**£**
327
-|
|||327|
## 11. **Creditors: Amounts Falling Due Within One Year**
Page 9
## **Chudleigh Knighton Pre-School Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 12. **Other Commitments**
The total of future minimum lease payments under non-cancellable operating leases are as following:
|Later than one year and not later than five years|**2025**
**£**
31,900
31,900|**2024**
**£**
5,200|
|---|---|---|
|||5,200|
In the year ended 31 August 2025 the company paid £12900 in respect of rentals due under operating leases.
## 13. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
Designated:
Designated fund
**Total unrestricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
Designated:
Designated fund
**Total unrestricted funds**
**Total funds**|**As at 1**
**September 2024**
**£**
22,599
26,887|**Income**
**£**
120,349
332|**Expenditure**
**£**
(105,016)
-|**As at 31 August**
**2025**
**£**
37,932
27,219|
|---|---|---|---|---|
||49,486|120,681|(105,016)|65,151|
||||||
||49,486|120,681|(105,016)|65,151|
||**As at 1**
**September 2023**
**£**
16,966
26,493|**Income**
**£**
104,004
394|**Expenditure**
**£**
(98,371)
-|**As at 31 August**
**2024**
**£**
22,599
26,887|
||43,459|104,398|(98,371)|49,486|
||||||
||43,459|104,398|(98,371)|49,486|
## 14. **Related Party Disclosures**
The Trustees provide their Trustee services to the Charity on a purely voluntary basis. No members of the Pre-School's trustees have received honoraria, emoluments or expenses from the Charity in the year.
Page 10
## **Chudleigh Knighton Pre-School Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 15. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 11
## **Chudleigh Knighton Pre-School Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Charitable Activities:**
**General**
DCC Fees
Parent fees
Fundraising & donations
Other
**Investments**
Bank interest receivable
**EXPENDITURE ON:**
**Charitable Activities:**
**General**
Premises costs
Consumable items
Subscriptions
Wages and salaries
Employer's social security and pension contributions
Children's snacks & milk
Rental
Utilities
Insurance
Admin, legal & proffessional
Sundry expenses
Depreciation
**NET INCOME**|**2025**
**Total**
**funds**
**£**
106,156
9,455
3,040
1,698|**2024**
**Total**
**funds**
**£**
78,276
12,107
12,830
791|
|---|---|---|
||120,349
332|104,004
394|
||332|394|
||120,681
(951)
(1,366)
(146)
(73,247)
(8,692)
(496)
(12,900)
(3,664)
(772)
(1,701)
(1,014)
(67)|104,398
(10,641)
(1,157)
(394)
(60,531)
(5,909)
(511)
(12,480)
(3,081)
(674)
(1,316)
(861)
(816)|
||(105,016)|(98,371)|
||(105,016)|(98,371)|
||15,665|6,027|
Page 12
## **Issuer**
**Issuer** Devon Accounting Solutions Limited **Document generated** Wed, 6th May 2026 16:51:57 BST **Document fingerprint** f02d457f948c58d5b1d17f4a0c0b1bf3
## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
Mon, 11th May 2026 14:17:25 BST Mon, 11th May 2026 14:17:26 BST Mon, 11th May 2026 14:55:46 BST
Sally Lacey - Signer (debe81c511c23642b0f08b84fe2ea090) Julia Mitchell - Copied In (e74905d86219a80bf61e853aa8b96319) David Cook - Signer (13adef141137a91b899a1a655289df26)
## **Audit history log**
## **Date**
## **Action**
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