David McGurk of MCA Commercial Services Ltd has examined and prepared our accounts.
The majority of income is received from Essex County Council. This year the total was £112,734. Our Fees brought in £21,127. Our total income is £24,608 higher than the previous year as the preschool was running at almost full occupancy. Our fundraising total for 2024 was £1612 compared to £254 during 2023. We purchased a card machine to receive payments for fundraising which has been very popular.
Our expenditure totalled £147,677 which is decrease of £7,755 on the previous year. Most of the expenditure costs are staff wages at £123,551.
The balance sheet has cash balances of £50,782 plus net book value of the building and fixtures. The building was funded mainly by Essex County Council in 2007 and that cost £150,000 is being depreciated over 25 years. The yearly depreciation is £6718.
Unfortunately occupancy for 2025/2026 is much lower, we are hoping to increase numbers through advertising and leaflet drops. The majority of children now receive government funding so increasing our fees will not have a large impact on income. We are however increasing our consumables charge to help cover the rising costs of running the preschool.
Registered CIO number CE007201 Registered Charity Number 1168548
Birchanger Butterflies Pre-school
Report and Accounts
31 December 2024
Birchanger Butterflies Pre-school
Contents
| Report of the Trustees | 2 |
|---|---|
| Income and expenditure account | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5-6 |
1 | P a g e
Birchanger Butterflies Pre-school
Trustee’s report
2 | P a g e
Birchanger Butterflies Pre-school
Income and expenditure account For the year ended 31 December 2024
| Notes Income 2 Expenditure 3 (Deficit) Reserves b/fwd Reserves c/fwd |
2024 2023 145,620 123,380 (147,677) (155,432) |
|---|---|
| (2,057) (32,053) 108,892 140,945 |
|
| 106,835 108,892 |
3 | P a g e
Birchanger Butterflies Pre-school
Balance Sheet As at 31 December 2024
| Notes Fixed assets 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net assets Reserves |
2024 56,880 50,782 828 106,835 106,835 |
2023 63,598 47,053 1,759 |
|---|---|---|
| 108,892 | ||
| 108,892 |
4 | P a g e
Birchanger Butterflies Pre-school
Notes to the Financial Statements for the year ended 31 December 2024.
1. Accounting policies
The accounts have been prepared under the historical cost convention and in accordance with the Charities Statement of Recommended Practice (FRS 102), “Accounting and Reporting by Charities”.
Income
Turnover represents funds received for services supplied by the Charity, net of value added tax plus grants and donations.
Depreciation
Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives.
| Premises | 25 years |
|---|---|
| Computer equipment | 3 years |
| Furniture and equipment | 5 years |
2. Income
| Council funding Fees from parents Donations Fundraising Interest received Other Total income |
2024 2023 112,734 81,079 21.217 - 28,264 1,612 92 254 121 9,965 13,662 |
|---|---|
| 145,620 123,380 |
5 | P a g e
Birchanger Butterflies Pre-school
Notes to the Financial Statements for the year ended 31 December 2024.
3. Expenditure
| Staff costs Premises costs Other overhead costs Depreciation |
2024 2023 123,551 123,755 4,233 3,184 13,175 21,775 6,718 6,718 |
|---|---|
| 147,677 155,432 |
4. Fixed assets
| Cost 1 January 2024 Additions C/fwd Depreciation 1 January 2024 Charge for year C/fwd Net book value 31 December 2024 31 December 2023 |
Premises IT equipment Furniture Total 103,740 - - - - - 103,740 - |
|---|---|
| 103,740 - - 103,740 |
|
| 40,142 6,718 - - - - 40,142 6,718 |
|
| 46,860 - - 46,860 |
|
| 56,880 - - 56,880 |
|
| 63,598 - - 63,598 |
6 | P a g e
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of |
Report to the trustees/ members of |
Charity Name Birchanger Butterflies Pre-school |
|---|---|---|
| On accounts for the year | 31stDecember 2024 Charity no 1168548 |
|
| ended | (if any) | |
| Set out on pages | 3-6 | |
| I report to the trustees on my examination of the accounts of the above charity (“the | ||
| Trust”) for the year ended 31stDecember 2024. | ||
| Responsibilities and basis | As the charity's trustees, you are responsible for the preparation of the accounts in | |
| of report | accordance with the requirements of the Charities Act 2011 (“the Act”). | |
| I report in respect of my examination of the Trust’s accounts carried out under | ||
| section 145 of the 2011 Act and in carrying out my examination, I have followed all | ||
| the applicable Directions given by the Charity Commission under section 145(5)(b) | ||
| of the Act. |
Independent examiner's I have completed my examination. I confirm that no material matters have come to statement my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
* Please delete the words in the brackets if they do not apply.
Date: 10[th] September 2025 Signed: ~~oe~~ Name: David McGurk ~~CT~~ Relevant professional FCA qualification(s) or body (if any): Address: Coach House 195 Silver Street Stansted, CM24 8HB
1
Oct 2018
IER