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**