REGISTERED COMPANY NUMBER: 08275520 (England and Wales) REGISTERED CHARITY NUMBER: 1151608
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2025
for
Middleton Cheney Pre-school Limited
Independent Examiner
Middleton Cheney Pre-school Limited
Contents of the Financial Statements for the Year Ended 31 August 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Middleton Cheney Pre-school Limited
Report of the Trustees for the Year Ended 31 August 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES Objectives and aims
.
To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by
a. Offering appropriate play education and care facilities, family learning and extended hours groups, together with the right of parents to take responsibility for and to become involved in the activities of such groups , ensuring that such groups offer opportunities for children whatever their race, culture, religion , means or ability.
b. Encouraging the study of the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas.
c. Instigating and adhering to and furthering the aims and objectives of the pre-school learning alliance.
Public benefit
The trustees have had regard to the Charity Commission’s guidance on public benefit.
Volunteers
We have a number of volunteers such as fundraisers and management team. The management team work hard to help make decisions on keeping the Pre school running. The fundraisers can do anything from advertising events, helping out at events and gaining match funding.
Page 1
Middleton Cheney Pre-school Limited
Report of the Trustees for the Year Ended 31 August 2025
ACHIEVEMENT AND PERFORMANCE Charitable activities
End of Year Report 2024-2025
The academic year 2024-2025 proved to be another stable one with pupil numbers rising to 71 by the summer term and with 30 children leaving us in July to move up to school in the village and surrounding areas. The changes in government funding the previous year meant that we had more of our September returners taking on more places which, in addition to high number on our waiting list, meant that we were approximately 80% full at the start of the year. This was an unprecedented situation which meant that some of our new starters did not quite get the sessions they wanted and had a knock-on effect for our Christmas and Easter intakes with some children choosing to defer until September 2025 when more choice of places may be available.
Staffing remained strong in spite of losing two members of staff in the summer - one to spend more time on family matters and one to retirement. They were replaced by Liz Beney and Abbie Bullock in the Autumn term both of whom have been made very welcome and have settled in well bringing new ideas and experiences to enhance the service we offer to our children and families. All staff have done essential training such as First Aid, Safeguarding and Food Hygiene as well as receiving in person SEND.
The children made good progress in all areas throughout the year but with increased numbers of two year olds, and more children with SEND, we decided that we needed a complete revamp of resources and a slight change in the way we work in order to ensure that all children are able to access the curriculum fully and achieve their full potential whatever that might be. Through the teaching of the Early Year Foundation stage, our aim is that by the time the children leave us, they should be curious, expressive, playful, kind, creative, resilient, independent and courageous. We are proud to say that through the expertise and dedication of our staff, our children do achieve this.
We did not have any big purchases in 2024-2025, however, as mentioned above, a considerable sum has been spent on replacing old toys, and purchasing new ones with an emphasis on supporting children’s creativity, heuristic play, problem solving, promoting wellbeing and giving children the resources to take their learning in whichever way they choose. Our thanks, as ever goes to our directors whose support and belief in us is so appreciated.
Page 2
Middleton Cheney Pre-school Limited
Report of the Trustees for the Year Ended 31 August 2025
FINANCIAL REVIEW
Reserves policy
Reserves are held sufficient to ensure that the charity is able to operate and function during periods of lower income with amounts also set aside to cover unexpected events. The reserve amount will be set aside for unexpected events, for example, redundancies, lower occupancy levels, emergencies, relocation of building or source funding not being available. In the event of reserves falling significantly below the required level, the setting will restore the reserves as soon as possible by increasing fundraising, increasing earned income and reducing expenditure. If reserves are significantly above target level, the setting will put in place a plan as soon as possible, aiming to eliminate the excess within four years on enhancing the quality of the setting or by reducing fundraising.
Financially, we have continued to hold the reserves amount required to assist us in cover for periods of loss making and lower income. As is the case for many charities currently, we have seen our income especially from fundraising drop this year, this has been offset by reduced spending and enhancements to the setting. We are looking forward with hope that the next year will see us improve fundraising and have plans on where the additional funds raised could be spent.
Movements on each of the Charity's funds are detailed in note 14 to the accounts
Page 3
Middleton Cheney Pre-school Limited
Report of the Trustees
for the Year Ended 31 August 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The appointment of new Trustees is carried out in accordance with the Charities Articles of association Any person who is willing to act as a director, and is permitted by law to do so, may be appointed to be a director-
(a) by ordinary resolution, or
(b) by a decision of the directors.
(2) In any case where, as a result of death, the company has no members and no directors, the personal representatives of the last member to have died have the right, by notice in writing, to appoint a person to be a director.
(3) For the purposes of paragraph (2), where 2 or more members die in circumstances rendering it uncertain who was the last to die, a younger member is deemed to have survived an older member.
Chairman is appointed by the directors
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08275520 (England and Wales)
Registered Charity number
1151608
Registered office
Middleton Cheney Preschool Main road Middleton Cheney Banbury Oxfordshire OX17 2PD
Trustees
T M Smith Director P Rogers Director W S Salt Director
Company Secretary
Independent Examiner
Williams & Co. Accountants 8 Tansy Lane Hunstanton PE36 6FD
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Middleton Cheney Pre-school Limited
Report of the Trustees for the Year Ended 31 August 2025
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 4 June 2026 and signed on its behalf by:
Mrs T M Smith - Trustee
Page 5
Independent Examiner's Report to the Trustees of Middleton Cheney Pre-school Limited
Page 6
Middleton Cheney Pre-school Limited
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 August 2025
| Notes Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 134 Charitable activities Preschool 4 209,603 Other trading activities 3 3,824 Other income 21 Total 213,582 EXPENDITURE ON Raising funds 986 Charitable activities Preschool 219,953 Total 220,939 NET INCOME/(EXPENDITURE) (7,357) RECONCILIATION OF FUNDS Total funds brought forward 67,830 TOTAL FUNDS CARRIED FORWARD 60,473 |
Restricted funds £ - - - - - - 30 30 (30) 213 183 |
31.8.25 Total funds £ 134 209,603 3,824 21 213,582 986 219,983 220,969 (7,387) 68,043 60,656 |
31.8.24 Total funds £ 1,598 182,792 5,507 10 189,907 939 185,688 186,567 3,280 64,763 68,043 |
|---|---|---|---|
The notes form part of these financial statements
Page 7
Middleton Cheney Pre-school Limited
Balance Sheet
| 31 | August 2025 | |||||
|---|---|---|---|---|---|---|
| 31.8.25 | 31.8.24 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 10 | - | - | - | - | |
| CURRENT ASSETS | ||||||
| Debtors | 11 | 1,118 | - | 1,118 | 1,479 | |
| Cash at bank | 62,435 | 183 | 62,618 | 70,328 | ||
| 63,553 | 183 | 63,736 | 71,807 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 12 | (3,080) | - | (3,080) | (3,764) | |
| NET CURRENT ASSETS | 60,473 | 183 | 60,656 | 68,043 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 60,473 | 183 | 60,656 | 68,043 | ||
| NET ASSETS | 60,473 | 183 | 60,656 | 68,043 | ||
| FUNDS | 14 | |||||
| Unrestricted funds | 60,473 | 67,830 | ||||
| Restricted funds | 183 | 213 | ||||
| TOTAL FUNDS | 60,656 | 68,043 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4 June 2026 and were signed on its behalf by:
T M Smith - Trustee
The notes form part of these financial statements
Page 8
Middleton Cheney Pre-school Limited
for the Year Ended 31 August 2025
Notes to the Financial Statements
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
-
the requirements of Section 7 Statement of Cash Flows;
-
the requirement of paragraph 3.17(d);
-
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
-
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
-
the requirement of paragraph 33.7.
Prior Year Adjustment
During the preparation of the financial statements for the year ended 31 August 2025, the trustees identified that certain accruals and related liabilities in respect of prior periods had not been fully recognised in the financial statements for the year ended 31 August 2024.
As a result, the opening balances at 1 September 2024 have been adjusted to reflect the correct recognition of these accruals in accordance with the accruals basis of accounting required by the Charities SORP (FRS 102).
The effect of this adjustment is to increase creditors and reduce unrestricted funds at 1 September 2024 by £3,280. Comparative figures for the year ended 31 August 2024 have not been restated, and the adjustment has instead been reflected in the opening balances for the current year.
The adjustment has no impact on the results for the year ended 31 August 2025.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Governance costs
Include the cost of the preparation and examination of the statutory accounts, the cost of Trustee meetings and the cost of any legal advice to Trustees on governance or constitutional matters.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 9
Middleton Cheney Pre-school Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 10
Middleton Cheney Pre-school Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2025
2. DONATIONS AND LEGACIES
| Donations 3. OTHER TRADING ACTIVITIES Fundraising events 4. INCOME FROM CHARITABLE ACTIVITIES Activity NCC/WNC Preschool Funding Preschool Admissions Preschool |
31.8.25 £ 134 31.8.25 £ 3,824 31.8.25 £ 186,474 23,129 209,603 |
31.8.24 £ 1,598 31.8.24 £ 5,507 31.8.24 £ 139,186 43,606 |
|---|---|---|
| 182,792 |
5. OTHER
Other Expenditure comprises general operational costs incurred in the running of the pre-school.
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.8.25 | 31.8.24 | |
|---|---|---|
| £ | £ | |
| Independent Examination | 810 | 850 |
| Depreciation - owned assets | - | 874 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
No trustees’ expenses were paid during the year ended 31 August 2025 nor for the year ended 31 August 2024.
continued...
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Middleton Cheney Pre-school Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2025
8. STAFF COSTS
| 31.8.25 £ Wages and salaries 170,355 Other pension costs 3,148 173,503 The average monthly number of employees during the year was as follows: 31.8.24 Pre school staff 12 No employees received emoluments in excess of £60,000. 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,598 - Charitable activities Preschool 182,792 - Other trading activities 5,507 - Other income 10 - Total 189,907 - EXPENDITURE ON Raising funds 939 - Charitable activities Preschool 185,658 60 Total 186,597 60 NET INCOME/(EXPENDITURE) 3,340 (60) RECONCILIATION OF FUNDS Total funds brought forward 64,490 273 TOTAL FUNDS CARRIED FORWARD 67,830 213 |
31.8.24 £ 141,977 1,962 143,939 31.8.23 12 Total funds £ 1,598 182,792 5,507 10 189,907 939 185,688 186,627 3,280 64,763 68,043 |
|---|---|
continued...
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Middleton Cheney Pre-school Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2025
10. TANGIBLE FIXED ASSETS
| Fixtures, fittings Computer & equipment equipment £ £ COST At 1 September 2024 and 31 August 2025 19,066 10,857 DEPRECIATION At 1 September 2024 19,066 10,857 Charge for year - - At 31 August 2025 19,066 10,857 NET BOOK VALUE At 31 August 2025 - - At 31 August 2024 - - 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.25 £ Trade debtors 347 Prepayments 771 1,118 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.25 £ Social security and other taxes 266 Nest Pension 570 Other creditors 36 Accruals and deferred income 2,208 3,080 13. LEASING AGREEMENTS Minimum lease payments are based on the current lease agreement in place: Within one year 31.8.25 £ 9,250 Between one and five years 9,274 18,524 |
Totals £ 29,923 29,923 - 29,923 - - 31.8.24 £ 708 771 1,479 31.8.24 £ 197 399 1,200 1,968 3,764 31.8.24 £ 9,250 15,053 24,303 |
|---|---|
The Middleton Cheney Preschool Limited have the lease of their preschool buildings with Northampton County Council for ten years from April 2017.
continued...
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Middleton Cheney Pre-school Limited
Notes to the Financial Statements - continued for the Year Ended 31 August 2025
14. MOVEMENT IN FUNDS
At 1.9.24 £ Unrestricted funds General fund 67,830 Restricted funds Garden Fund 213 TOTAL FUNDS 68,043 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 213,582 Restricted funds Garden Fund - TOTAL FUNDS 213,582 Comparatives for movement in funds At 1.9.23 £ Unrestricted funds General fund 68,900 Restricted funds Float Expenses 273 TOTAL FUNDS 69,173 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 168,861 ( TOTAL FUNDS 168,861 ( |
Net movement At in funds 31.8.25 £ £ (7,357) 60,473 (30) 183 (7,387) 60,656 Resources Movement expended in funds £ £ (220,939) (7,357) (30) (30) (220,969) (7,387) Net movement At in funds 31.8.24 £ £ (4,410) 64,490 - 273 (4,410) 64,763 Resources expended £ Movement in funds £ 173,271) (4,410) 173,271) (4,410) |
|---|---|
continued...
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Middleton Cheney Pre-school Limited
Notes to the Financial Statements - continued
for the Year Ended 31 August 2025
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Garden Fund TOTAL FUNDS The current and prior year combined position as follows: Unrestricted funds General fund Restricted funds Garden Fund TOTAL FUNDS |
At 1.9.24 £ 67,830 213 68,043 Incoming resources £ 213,582 - 213,582 |
Net movement At in funds 31.8.25 £ £ (6,572) 61,258 (30) 183 (6,602) 61,441 Resources Movement expended in funds £ £ (220,154) (6,572) (30) (30) (220,184) (6,602) |
|---|---|---|
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
16. ULTIMATE CONTROLLING PARTY
The Charitable company limited by guarantee has at present no members and is under the control of its Trustees
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Middleton Cheney Pre-school Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 August 2025 | ||
| 31.8.25 | 31.8.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 134 | 1,598 |
| Other trading activities | ||
| Fundraising events | 3,824 | 5,507 |
| Charitable activities | ||
| NCC/WNC Preschool Funding | 186,474 | 139,186 |
| Admissions | 23,129 | 43,606 |
| 209,603 | 182,792 | |
| Other income | ||
| Uniform sales | 21 | 10 |
| Total incoming resources | 213,582 | 189,907 |
| EXPENDITURE | ||
| Other trading activities | ||
| Fund raising event costs | 986 | 937 |
| Bank interest | - | 2 |
| 986 | 939 | |
| Charitable activities | ||
| Wages | 170,355 | 141,977 |
| Pensions | 3,148 | 1,962 |
| Rent and rates | 16,227 | 9,925 |
| Insurance | 1,417 | 1,469 |
| Light and heat | 2,600 | 2,616 |
| Telephone | 773 | 728 |
| Postage and stationery | 388 | 3,009 |
| Sundries | 157 | 1,447 |
| Consumables | 5,101 | 2,450 |
| Toys and equipment | 13 | 67 |
| Cleaning and hygiene provision | 8,350 | 7,981 |
| Snacks and drinks | 1,157 | 507 |
| Staff training and travel | 1,108 | 969 |
| Subscriptions and licences | 1,222 | 1,656 |
| Professional fees (include payroll and advisory services) | 213 | 2,720 |
| Bank charges | 772 | 76 |
| Bad Debts | 203 | 653 |
| Repairs and renewals | 1,569 | 1,276 |
| Computer consumables | 3,501 | 180 |
| Garden costs | 30 | - |
| SEN expenditure | 475 | - |
| Depn of fixtures & fittings | - | 1,279 |
| 218,781 | 184,763 |
This page does not form part of the statutory financial statements
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Middleton Cheney Pre-school Limited
| Support costs Management Advertising Governance costs Independent examination Total resources expended Net income/(expenditure) |
Detailed Statement of Financial Activities for the Year Ended 31 August 2025 31.8.25 £ 31.8.24 £ 392 75 810 850 220,969 186,627 (7,387) 3,280 |
Detailed Statement of Financial Activities for the Year Ended 31 August 2025 31.8.25 £ 31.8.24 £ 392 75 810 850 220,969 186,627 (7,387) 3,280 |
|---|---|---|
| 186,627 | ||
| 3,280 |
This page does not form part of the statutory financial statements
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