REGISTERED COMPANV NUMBER: 08275520 (England and Wales) REGISTERED CHAIUTY NUMBER: 1151608 rt of the Trustee.% dnd Unaudilcd Financial StatLmenis for thL ye￿ Endcd 31 Au st 2024 for Middle(on Chene Pre-school Limiied SAGale The Tile House St lawrLllCL Banbury Oxfordshire OX172DA Middleton Chene . Pre-sihool Limited CoJ)ienls of thc Financial Stalcinents foT thc YLdr EndLxI 31 A ?D?4 Pagc Rcport of the Trustces Independent Examinerfs Report Staiement of Financial Activities Bdldn¢e Sheet Notcs to thc Financial Statcmcnts 10 to 15 Middlelon C'hene Pre-school Limiled (Re istered number= OS?75520) Re ll of ihe Tnjstees fur thc YLdr Eiid.xl 31 Aii4ust 2024 The Irustees who are also directors of the chaiity for the Put￿Se5 ot.the Companies Act 0061 present their report with the financial stalcmeJ]Is of Ihe charilv for ihe YcaT ended 31 August ?024. The Irustecs havc adopted thc provisions of Accounling and Rcporting by ChdritlL.s'. Statcmcnt ot" RLcotruncndid PractlCL applicdblc to chariticg prcparing thcir aLcounts in aCLordancc with thL FinanLial R¢poninE Standard applicable in ihe UK and Republic of Ireland (FRS I O?) (eff¢ciiN'e l January 2019). OBJECTIVES AND ACTIVITIES ObjeetiTres and aims To enhance the devclopmcnt and education of children undeT Statutory school age by encouraging parcnts to undcTbtand and providc tor the need% of their children through community groups and by Offcring appropriatc play Lducation aTrJ Larc faL'ilitics, family Icarning and cxttndcd houTS groups, togcthcr with thL right of parents to take responsibility for and to become involved in the aclivities ot such groups ensuring the Such groups oft'er opportunities for children whatever their race, culture, religion, means or ability- b. EncouraginrN the siudy of the needs of such children and iheir families and promoiing public in1erest in and recogniiion of such nceds in the loLal arthts. Lnstigating and adhering to and furthering the aims and objectives of the pre-school learning alliance. Publle benefit The trusiees have due reo&rd to gllidance published by the Charities Commission on public benetit. Volunteers We haN'e a number of volunteers such as fundrai%ers and management leawn. The nianagenienl leain work hard to help make deLi%i01i5 on keeping the Pre school running. The fi]ndraisers can do anything from advertising events, h¢lpinTr out at events and gainintr match funding. Page I Middlelon C'hene Pre-school Limiled (Re istered number= OS?75520) Re ll of ihe Tnjstees fur thc YLdr Eiid.xl 31 Aii4ust 2024 ACHIEVEMENT Af4D PERFORMANCE Charitable activities End of Year Report 2023-2024 The academic year 202.1-2024 proved io be a siable one wilh pupil numbers rising 10 71 by ihe summer iemi and with 35 children leaving us in July to move up lo school in the village and surrounding areas. The new government lunding for 2-year-olds has meant that we have had a ￿trOng take up of places from our returneTr for September 2024. re%ulting in us being two thirds full before we even started looking at our wailing list. This was an unprecedented situation ivhich meant that some of our new starters did not quite gct thL sessions thcy wanlcd also had a knock-on cffccl for our Christmas and Eastcr intakcs with somL Lhildrcn choosiiig to dctcr until Septcmbcr 2025 when morc choice of places may bc available. Staffing rcinaincd strong in bpitc of lositLg two longslanding members of staff io pasturcK ncw, they were rcplaced bs Mary Casson and Suzy ChdTrdler in the Autumn term and Michelle Coolbear joined Ihe team in Septeinber 2024. All three new staff Inember% dre very welcome and have settled in well bringing new Ideas and experiences to enhance the service we olTer 10 our children and fa. milics. The rcst of thL Staff havc donc Cssuntial training such as Firsi Aid, Saf-guarding and Food Hytsicnc as WLII as recciving in person SEND training with Ellie c.ollar. In addition to ihis Gemma completed a Level 2 qualification in TQUK Level 2 Understanding Autism and Jacqui gained the NCFE CACHE Level 3 Award for Special Educational Needs Coordinators in Early Yedfi Settings. The ihildren made steady progress in all areas rhroughoui ihe year and our older childTYn, im particular benefitted from using ihe library spaLe for small group work. Wc vcry grateful to ihc library for allowing us to USC their room which allows us to do more targel¢d work with our Trld¢r ¢hildren which is particulaTly important in lh¢ up to s¢hool and ¢an be difliculi with the increasing iiumber of tWO-year-old¥ in the setting. We did not have dny rn&Ljor purchdse% in 2023-2024 and we continue to t-undrdise foi retsourcets dnd equipment, and our next bi¥ projeci is our hope io build a sensory pod In our garden which will noi only benefii children iTriih addiiional needs. li will be a place where all children Lan go and have some 'qlliel time,. Ive are also looking into purLhasino some reiraLiable curtains for the Lovered d¢¢king area which will mean Ihat when ilie rain is driving in. we can conlinue io use thai area without the decKing* beconiing slippery. Some money H'ill also need lo be speni on replacing old ioys and bus ing a few new resources to enhanle our provision. Our thanks, as ever goe% to our DireLtois whose support and belief in u5 15 ver). Inuch appiecialed. Page 2 Middlelon C'hene Pre-school Limiled (Re istered number= OS?75520) Re ll of ihe Tnjstees fur thc YLdr Eiid.xl 31 Aii4ust 2024 ACHIEVEMENT AND PERFORMANCE Fundraising activitie5 and lower incoine. .4s is the case for Imany charities currciilly. we have seen our incomc e4pecidlly from fundraising remain lower this year: tliis been offset by reduLcd spending and enhanceinents to the settin¥_ Our plans will be to remain prudeni for the iiext Finan¢ial Year, this will b¢ reviewed ag diid when the situation nationally chan&Je￿ but we have no LDnLLftis 01. not meeting obligations et¢. Financially, we hdve continued to hold the Re%erYes amount require(I to dS4iSt us in cover for periods of lo%s rnakin¥ OVERVIEW FUNDK41SING ACTIVITY Activities christm￿ float Easter raffle Chil(Lren in need Paypal Opcn day Morh¢rs and Christm&s card orders Other Stdfl'conlribution to leaving gift Tot91 1757.42 15.00 30.00 1339.10 342.31 936.78 1036.43 5ll.00 5507.tm fundraisingi and card costs 935.92 Don*tions Recei*'ed Middleton Cheney Choir Donation Can Cwshing A Brown OthLr donatiUll5 1047.55 3(M).(X) 250.(K) Tolal 1597.55 FINATrICIAL REVIEW Reserves poli¢5' Reserves are held sufficient to ensure that the chariiy is able to opernte and function dunng periods of lower income with amounts also Jet aside to cover unexpected e￿e￿I%.The reserve aimount will be set aside for unexpected eNeiits'. for example, redundaiicies, lower occupancy levels, emergencies, relocaiion of building or source fundino not being available. In the event of resen'es falling signifiLanlly bclow thc rcquirLd Ic￿e1, thc SLtting will rcsltsrL thc rcscrvcs as s(x)n as possibl¥ by inercasing fundraising, IiiLrcasing carn¢d income and reducing cxpcnditure. It rcserYe5 are signiticanily aboi'c iargcl level. Ihe sctting will put in place a plan as 500T] as possiblc. aiming to eliminatc the exccss within fouT vcarb on ¢nhancing thc quality of the sttting oi. by reducing fundraising. Financially, we have continued ro hold the Reserves amount required to assisi us in cO￿¢T for wiods of loss making and lower inLomL. As is thc casc for many charilies LU￿LntIy, wc have $c￿'n our ineomc eS￿LiallY fmm fundraising drop this ycar, this h&s bcLn ot15el by reduced spending and enhancements to ihe setting. We are looking forward with hope tliat the next year will see us iinprove fundraising and have plans on where the add]"tional ￿ndS fdised could spent. Movements on each of ihe Charity's fvnds are detailed in noie 14 10 the accounis Pagc 3 Middlelon C'hene Pre-school Limiled (Re istered number= OS?75520) Re ll of ihe Tnjstees fur thc YLdr Eiid.xl 31 Aii4ust 2024 STRUCTIIRE, GOVERIYAL¥CE AND MANAGEIIIEf4T Governing document The chaTily is conlrollcd by its govcrning docurncnt. a dccd of trusl. and constirutes a limited company, limited bj guarantee, as dcfinLd by thc COMp￿ic& Act 2006. Reerultment and appolntment of new trnstees The appointment of new Trustees is carried out in accordance with ihe charitie.s Articles ot association Any person who LS willing to act as a director, and is pennilted by law lo do so, rnay be appointed to be a director- (a) by ordinari resolution, or (b) by a decision ofthe directoTh. (21 In any casi wherc, as a rcsult of death, thc company has no mcmbeTS no dircctors, Ihc pctsonal rL'prescnlativcs of thi last member to haNe died have the right, by notice in writinTr to appoint a ￿TSOn to be a director. (3) For the PLifp05es ot Pdragrdph12), where 2 or more metnbers die in CircunL$tan￿ rendering it uncertain who w&5 the 1&51 to die, d younger member is deemed to have sun'ived an older member. Chairman is appointd by the diT¢Ctor5 REFERENCE AND ADNIINISTRATIVE DETAIts Registered Company T]umber 08275520 (England and Wales) Reglstered Charl¢>' number 1151(?D Registered offiee lid¢lcton Ch¢n¢y Prcschool Main road Middleton Cheney Banbury Oxfordshire OX17 2PD Trustee5 Mrs T M Smiih P Rogers Director W S Salt Director Compuny Seeret#ry Independent Examiner SAGal¢ SAGale The Tilc House Marston St lawrence Banbury Oxfor(Ishire OX17 2DA Page 4 Middlelon C'hene Pre-school Limiled (Re istered number= OS?75520) Re ll of ihe Tnjstees fur thc YLdr Eiid.xl 31 Aii4ust 2024 This report has been prepared in acLordance with the special provisions of Part 15 of the Compaiiies Act 2006 relaiing lo small companies. Approved by urdcr ot thc board of trustCLS on 2 July 2025 and signcd on its. bchalf by: Mis T M Smith- Ttustee Page 5 Inde ndeni Examinerfs Re ort to the Trnsiees of Middleton Chene Pre-school Liinited Jndtpendent examiner's report to the trustees of Middleton Chenev Pre4chool Limited ('the Company) T report to the ¥harily I￿51¢¢8 on my examination of ihe accounts of ihe C01npany for the year ended .31 August 2024. Responsibilities and basis of report As the charit}'s truslecs of thc Company {aiid also ils directors for the purposes of company law) you are responsible for tlie PrCp￿￿tlOn uf thc JCLoiJnts in accOrda￿ce with thc rcquircmLnt% uf thc colnp￿]CS ALt 2(Kh ('thc 2006 Act,). Having satisfi=d myself that the accounts of the Company are not required to be audiied under Part 16 of the 2006 ALt and are eligiible for independenl examination. I report in respect of rnv examination of your charity's accounts as carried out under Section 145 of the C'harities Aci 2011 ('Ihe 2011 Act,). In iarrving out my eLqmination I have followed the Directions given by the C.harily C ommission undcr Scthion 145{5) Ib) ot-thc 201 l Ait. Independent examlner'5 5taternent I have completed my examination. I confirni that no matters have come to my dttention in ionnection with the ex￿]nation giiving me cause to beliewe.. accoiinting record5 were not kept in respect of ihe Company as reqiiired by Section 386 ot'the 21K)6 Act.. or the accounts do not accord with those records. or the a¢count,% do nol ¢ompl J, with the d¢counling requiremenL% of Section 396 of the ?006 A¢t other ihdn any requirement that the accounts g•￿e a rrue and fair view w'hich is noi a n)aner considered as part of an independent examination: or thc accounts havc not been prcparcd in acLOTdance w'ith ihc methods dnd prinkniples of ihc Siatemcnt of Reconim¢iided Practic¢ for accounting and r¢porting by ¢harities (applicabl¢ to charities preparing their a¢¢ounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and hai'"e come across llo oiher mallers in connecrion with the examinauon io which arrenrion should be drawn in this rep(irt in order to enable a proper undetstanding OF the accounts to be reacheé. SAGale SAGale The Tile House St I￿wrLnLL Banbury Oxfordshire OX172DA 2 July 2025 Page 6 Middleton Chene . Pre-sihool Limited s￿lemen1 of Financial Aeiiviiies oratinu dn Incomi cind E. ciiditurc Accounl) forihe Y¢ar End￿ 31 Au ust 2024 (InLor 31.R.24 Toial funds 31.8.23 Total tuti(L% Unrestriclcd tund Rc51ricted Notes INCOME AND ENDOWMENTS FROTrI Donations and legacieb ,598 1,598 1,616 Ch#ritable Activities Preschool 182.792 18:,792 16.3,973 Oth¢r trading a¢iivities Other income Total 5.507 10 189907 3,252 20 168861 10 189907 EXPENDITLTRE ON Raisiiis fun(Ls 939 919 632 Charitable activitie5 Preschool Total 185.6?8 IS6567 60 60 185,688 186 6?7 172,639 173171 NET JNCOMElff XPENDITURE) 3.340 (60) i,280 {4,410) RECONCILIATION OF FUTrIDS Totdl funds brought lorwdrd 64.490 273 fv1.763 69,173 TOTAL FUNDS CARRIED FORWARD 213 68.043 The noies fom) pan of these fLnancial siaiements Page 7 Middlelon C'hene Pre-school Limiled (Re istered number= OS?75520) Balance Sbeei 31 Au¥ii%l ?0?4 31.8.24 Total funds -11.8.?3 Total funds Un￿St￿lc1ed fund Restricted funds Notes FIXED ASSETS Tan￿ble assets 10 874 CURREIYT ASSETS Dcbttsrs Cash ai bank 1,479 1,479 70.328 71,807 (6591 213 213 71.594 66,963 CREDITORS Ainuunt% f'dlling duc wiihin onc yc 12 13,764) (3,764) (3,0741 NET CURREf4T A.SSETS 67.830 213 6¥,043 63,8119 TOTAL A&SETS LESS CURRENT LIABILITIES 67.830 213 68,043 64,763 NET ASSETS FUNDS Unresiricted funds RLStriLILd tund. TOTAL FUPIDS 14 64.490 273 213 The charitable companv is entitled to exemprion from audit under Section 477 of ihe Companies Act 2006 for the year ended .1 I Augu8120?4. The members have not required the company to obtain an audit of its financial %taiement% for ihe year ended 31 Augpust 2024 in accordance with Seciion 476 of ihe Companies Acr sOO6. The trnstees acknowledge their responsibilities for (d) en%uring thdt the ch￿l￿b]e company keep4 accounting recorils that comply with Section5 386 and 387 of the Compani&% Act 2006 and prcpiiring tit]ancial statcn)cnts which givc a truc and fair vicw of thc statc of affairs of thc charitablc company as at thc cnd of each financial year and of its surplus or deficit tor each finaiicial v¢aT iii a¢cordan¢e with the requirements of Sections 394 and 395 and which oihetwise comply Thith the requirements of the Companies Act 2(K)6 relating lo financial sratemenls, so fr￿r ds llpplic￿ble to the charitable Ciimpanv. (b) The noies fom) pan of these fLnancial siaiements Page 8 continued... Middlelon C'hene Pre-school Limiled (Re istered number= OS?75520) Balance Shed - coniinued 31 Au¥ii%l ?0?4 These financial statements have been prepared in accordanL¢ with the provisions applicable lo cknritable companies subject to the small coinpanies regiime. The financial statemenis were approved by ihe Board of Trusiees and auihorised for issue on 2 July 2025 and were signed on its behalf by.. T M Smith - Trustee The noies fom) pan of these fLnancial siaiements Page 9 Middleton Chene . Pre-sihool Limited -Noies io Ihe Financial Siaiemenis for thc I'ldr Elid.￿ 31 Aiigu)t 10?4 ACCOUTrITING POLICIES Ba515 of preparing the financial statements ThL fi￿nLiaL %tatcmLnts of thc Lhdritdblc CL)mpany. which is a public bcncfjl cntity undcr FRS 102, have bccn prcparLd in accordance with ihe Charilies SORP IFRS 102) 'Ac¢ouniing and Reportin(N by Chariiies.. Siaiemeni of Recoinm¢nded Practice applicablt lo charities preparing their ac¢ounis ii) aicordance wilh the Financial Reporting Siandard applicable in the UK and Republic of Jreland {FRS 102) letyeclii'e l January ?019}'. Financial Reporting Standard 102 'The Financial Reporiiiig Standard applicable in the UK and Republic of Ireland, and the Companies Act 9006. The financial statements havL bccn prLparcd undcr Ihc historical cosi convLntion. The charitable company has takcn adN'aniage of thc following disclosurc excmptions in PTcparing these finallLial statcincnts, a% permitted by FRS 102 'The Financial Reporting SI￿dard applicable in the UK and Republic of Ireland,: th¢ rcqiiirc'menis of SL'Ction 7 Statcmcni of Cash Flows. the requirement of paragraph 3.17(d}- the requirements of ptirngrdph4 11_42, 11.44, 11.45, 11_47, 11.411{#Miii), 11.48ia)(iv}, 11.48(b} dnd 11.48{c),' the rLqiiirL'ments of paragraph% 12.?6. 17 ?7. 17.29(al, l? 291bl atld 12.?9A' the requiremenl of para￿ph 33.7. Ineome All incomc is rcLogniscd in rhc StalcmLni ol" FinanLLal ALtiviiics oncc thc chdriiy I￿5 cJJlitlcmcnt to thc funds, it probablc that lh￿ income will be received and the amouni can be measured reliablj". Expenditure Liabilities are recognised as expenditure as simin as there is a legal or constructive obligation cornmitting the charity tLI that expenditure, it Is probable that a tr&nsfer of economiL benefits will be required in seltlemeni and the amount of the (Trbligdtion can be wneasured reliably. Expenditure is ￿counted for on an accrua15 basis and has been classitied under headingFS that aggregate all cost related to the categorv. W'here costs cannot be direcily attributed to panicular headings they have been dllocdted to dciivities on a b&sis consisteni ￿1th ihe use ot're.%ources. Govern*nee costs Include the cost ot the preparation and examination of the statUTQry a¢count5. the cost of Tru51ee meeTings and the ¢0st ot any legal advice to Tn]stees on g0￿.en￿lce or constitutiot￿l matters. Tangible r￿ed assets Dcpr¢Liarion is proN'idcd at the following annual raics in ordcr io wriie off each &ssel over its csiimated uscful life. Fixtuie% fitting.% & equipment Cornputcr cquipmcnt 5 /D OTI 10.%i 250/u on cost Taxation The charity is exempi frotn coryx)rdiion rax on ils charitsble aciivilies. Fund aceounting Unrestricted furids can be used in a¢cordance with the charilable objectives al the discretion of the Trustees. RLstriLtcd funds onl). bc Lisld for particular rl￿tr￿l&l pur[M)￿s Within thc objccts of tk. Charity Rc4triction4 ￿1￿C whLn sp¢¢ifi¢d by th¢ donor or wli¢n fuiids ar¢ rais¢d foi particular j￿Il"iCtCd puiExJscs. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to ttLe charitable company's pcn4ion SLhcmc arL Lh￿.￿ed to the StdlemcThi of Financial Activilics in pcriod to which ihcy rclJtc. Page 10 continued... Middleton Chene . Pre-sihool Limited Noies io ihe Financial Statemenis- coniinued for thc I'ldr Eiid.xl 31 Aiigust 10?4 DONATIONS.4L¥D LEGACIES 31.f4.24 31.8.23 Donations OTHER TRADING AcrtVlTIE.S 31.8.24 31.8.23 Fundrai4ing evenL% INCOME FROM CHARITABLE ACTIWITIES 31.8.23 Acrivity NCCIWNC Pr£ichool Funding Admissions Preschool Prtschool 139,186 43.606 182 792 124,415 163 973 OTHER Other Expenditure rel2te% to the CU%iS inLUtr¢d in devtlupin¥ the new pre-slhool setting . NET INCOMEIIEXPENDITUREI Nei incomel(expendiiiire] is S￿led after chargin￿(credi11ng). Indcp¢nd¢nt ExaTnination Depreciaiion - O￿Tred as5eis R5() 874 TRUSTEES, REMULYERATiof4 AND BENEFITS There were no trustees, remuneration or oiher benefiLs tor the year ended 31 August 2024 nor for the year ended 31 August 2023. Trusttes, expenses There were no Irusiees, expenses paid for the year en&d 31 Augusi 2024 nor for the year ended 31 August 2023. Page 11 continued... Middleton Chene . Pre-sihool Limited Noies io ihe Financial Statemenis- coniinued for thc I'ldr Eiid.xl 31 Aiigust 10?4 STAFF COSTS 31.f4.24 31.8.23 WauL% Jnd %alarics Oiher pension cosis 141,977 131,051 143,939 132 719 The ai'erage monthly number of employees during the year was as follo￿s. 31.8.21 12 Pre SLhool staff 12 No en]ploytCS TeLcivcd emolLLtncnts in excess of £60.0(KI. COMPARATIVES FOR THE STATEMENT OF FII¥AL¥CIAL ACTIVITIES Unrcstriclcd fund Rc%trictcd funds Total funds INCOME AND ENDOIVMENTS FROM Donalions and legacies 1,616 ,616 Charilable activities Preschool 163,973 163,973 Other trading activities Other income Tot41 3.252 20 108861 3252 20 168.861 EXPED4DITURE OLY Raising funds 632 Charitable actiiTrties Prcschoul Total 112.()39 113)71 172,639 173271 NET INCOME/(EXPENDITURE) 14.410) {4,410) RECOiNCILIATJON OF FUNDS Total tunds brougTrht for44iard 68,900 273 69,173 TOTAL FUNDS CARRIED FORWARD 273 Page 12 continued... Middleton Chene . Pre-sihool Limited Noies io ihe Financial Statemenis- coniinued for thc I'ldr Eiid.xl 31 Aiigust 10?4 io. TAI¥GIBLE FIXED ASSETS Fixture5. fiiiings & cquipmcnt C.omput¢r cquipmcnt COST At I September ?Q23 arKI 31 August 2024 DEPRECIATION At I SL'PtLmbL'r 2U23 Charge for year At 31 August 2024 NET BOOK V.4LUE Ai 31 August 2024 At 31 Aubwtst 2023 29,923 I¥.IY2 874 19,066 IU,857 2Y,U49 874 29,()23 10,857 874 874 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.94 31.8.23 Trade debtors Prepayments 708 771 (1,709) 1.050 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.94 31.8.23 Social security and other taxes Nest Pension Oihcr crcditor8 Accruals and defe￿ed income 197 399 1,20U 420 334 {118) ij. LEASING AGREEMENTS Minimum lease paymenls under non