**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
Page 4
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...
Page 11
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...
Page 12
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...
Page 13
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...
Page 14
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
Page 15
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
Page 16
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
Page 17