REGISTERED CHARITY NUMBER: 1183724
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
FOR
BUGBROOKE PRESCHOOL
Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ
BUGBROOKE PRESCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
|
Page |
Report of the Trustees |
1 to 3 |
Independent Examiner's Report |
4 |
Statement of Financial Activities |
5 |
Balance Sheet |
6 |
Notes to the Financial Statements |
7 to 12 |
Detailed Statement of Financial Activities |
13 to 14 |
BUGBROOKE PRESCHOOL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
The trusteespresenttheirreportwiththe financialstatementsof the charityforthe yearended31 August2025. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objective of the charity is to provide early years education for children aged 2-4 years.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity works for the public benefit having as its objects the development and education of children and young
people in particular by:
-
Promoting their care and safety
-
Promoting their education and promoting parental involvement
-
Promoting their health and wellbeing
-
Providing services to support them and their families and carers
During the year 2024-25 there were 59 (2024: 56) children registered at the PreSchool.
FINANCIAL REVIEW
Financial position
Revenues for the year to 31 August2025 have increasedto £302,288(2024: £265,695).Followingour move from cash
accountingto accrualsaccountinglast year, we are now requiredto have an independentexaminationof our financial
statementsundertakenbyasuitablyqualifiedperson.WeappointedStuartArmstrongFCCAatPhipps Henson
McAllisterlastyeartoassistuswiththisprocess,andhaveretainedthemtoundertaketheexaminationagain this
year.
OurincomefromWestNorthamptonshireCouncil(WNC)hasincreasedto£226,117from£174,998reflecting the
number of children on our register, which has increased from 56 last year to 59 this year.
Lastyear,wehadareceiptof£10,810fromthetrusteesoftheAbbeycentrePreschoolfollowingthat Preschool
ceasingitsactivities.Thisallowedustoincreasethemoneyinourreserveaccountaswearelookingtobuild an
extension in the near future which will allow us to increased capacity and have two separate rooms.
We have had interest receipts on our Deposit Account this year of £2,348 (2024: £1,830)
Our highest costs this year have been for staff. Our total wages costs were £243k (2024: £188k).
Throughcarefulmanagement,we havemanagedto retaina surplusthisyearof £17,888,a reductionfromlast year's
surplusof£35,757,mainlyduetotheincreaseinstaffcoststhisyear.Ourtotalfundscarriedforwardare £206,883
(2024: £188,995).
Page 1
BUGBROOKE PRESCHOOL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
FUTURE PLANS
The Preschool'smain challengethis academicyear remainsthe same as last year which is being able to offer spaces to
allchildrenwhoenquire.Currentlywehavelimitedsessionsavailableandmorechildrenthanspacesonthe waiting
list hoping to start this academic year. This will again make fitting everyone in for September 2026 difficult.
This years Preschool'sfinancesremain strongand healthydespite a significantincrease in minimum wage havingto be
paid and funding rates again not increasing at the same rate.
It is a toughtime for Preschoolsin generaland we need to continueto be mindfulof the financialchallengesahead, in
particularthe increases in EmployersNI contributionsand furtherincreases to minimum wage plus the requirement to
makeadditionalchargesvoluntary.WeneedtoensurefeesandVCsaresufficientsoPreschoolfinancesremainin a
strong position
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesaCharitable Incorporated
Organisation.
Recruitment and appointment of new trustees
All parents are invited to stand for elections as Trustees. Nominations, elections and appointments are made at the
AGM in line with Charity Commission requirements, our constitution and procedures.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1183724
Principal address
The Village Hall
14 High Street
Bugbrooke
NORTHAMPTON
NN7 3QF
Trustees
Ms N M Farmer (Business Manager)
Ms V Rice (Preschool Manager)
Ms C Fewster (appointed 6/11/2024)
S Daly (appointed 6/11/2024)
Ms A Fanning (appointed 6/11/2024) (resigned 4/7/2025)
Ms A Greig (appointed 6/11/2024)
Ms K A David
Ms C M Abraham
Ms L Britten (Deputy Preschool Manager)
Ms M E Raymond
Page 2
BUGBROOKE PRESCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Stuart Armstrong FCCA
Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ
Approved by order of the board of trustees on 12 November 2025 and signed on its behalf by:
Ms N M Farmer - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BUGBROOKE PRESCHOOL
Independent examiner's report to the trustees of Bugbrooke Preschool
IreporttothecharitytrusteesonmyexaminationoftheaccountsofBugbrookePreschool(theTrust)forthe year
ended 31 August 2025.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
Independent examiner's statement
Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheAssociationofChartered Certified
Accountants, which is one of the listed bodies.
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stuart Armstrong FCCA
The Association of Chartered Certified Accountants
Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ
12 November 2025
Page 4
BUGBROOKE PRESCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,000
Charitable activities
Income from Parents
71,925
Fundraising Income
393
Local Education Authority
226,117
Investment income
2
2,348
Other income
505
Total
302,288
EXPENDITURE ON
Charitable activities
Pre-School
249,408
Other
34,992
Total
284,400
NET INCOME
17,888
RECONCILIATION OF FUNDS
Total funds brought forward
188,995
TOTAL FUNDS CARRIED FORWARD
206,883 |
2024
Total
funds
£
10,810
77,035
521
174,999
1,830
500 |
|
265,695 |
|
199,058
30,880 |
|
229,938 |
|
35,757
153,238 |
|
188,995 |
The notes form part of these financial statements
Page 5
BUGBROOKE PRESCHOOL
BALANCE SHEET 31 AUGUST 2025
2025
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
7
5,161
Cash in hand
209,148
214,309
CREDITORS
Amounts falling due within one year
8
(7,426)
NET CURRENT ASSETS
206,883
TOTAL ASSETS LESS CURRENT LIABILITIES
206,883
NET ASSETS
206,883
FUNDS
9
Unrestricted funds
206,883
TOTAL FUNDS
206,883 |
2024
Total
funds
£
1,207
194,209 |
|
195,416
(6,421) |
|
188,995 |
|
188,995 |
|
188,995 |
|
188,995 |
|
188,995 |
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issue on 12 November2025 and
were signed on its behalf by:
N M Farmer - Trustee
The notes form part of these financial statements
Page 6
BUGBROOKE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Expenditure includes attributable VAT which cannot be recovered.
Mostexpenditureisdirectlyattributabletospecificactivities,andhasbeenincludedinthosecost categories.
Support costs have been allocated 100% towards the charitable activities of the charity.
Thetrusteesconfirm,inaccordancewiththeCharitableIncorporatedOrganisations(General) Regulations
2012,thatatyear-endtheCIOdidnothaveanyoutstandingguaranteestothirdpartiesnoranyany debts
secured on assets of the CIO.
Financial Instruments
TheCIOonlyhasfinancialassetsandliabilitiesofakindthatqualifyasbasicfinancialinstruments. Basic
financialinstrumentsareinitiallyrecognisedattransactionvalueandsubsequentlymesasuredat their
settlement value.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 7
BUGBROOKE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
2025 |
2024 |
|
£ |
£ |
Deposit account interest |
2,348 |
1,830 |
3. TRUSTEES' REMUNERATION AND BENEFITS
None of the trustees received any emoluments in respect of their roles as trustees.
The salaryof the PreschoolManager,DeputyPreschoolManager,the BusinessManagerand the Lead teacher,
who are also trustees are included within staff costs in Note 4.
The total employee benefits of key management personnel during the year total £115,039 (2024: £107,527).
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31August2025norfortheyear ended
31 August 2024.
4. STAFF COSTS
STAFF COSTS |
|
|
|
|
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Key management personnel
Other staff |
|
2025
£
227,303
10,789
4,608
242,700
2025
4
7
11 |
|
2024
£
175,179
9,013
3,587 |
|
|
|
|
187,779 |
|
|
|
|
2024
4
5
9 |
No employees received emoluments in excess of £60,000.
Page 8
BUGBROOKE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
10,810 |
Charitable activities |
|
Income from Parents |
77,035 |
Fundraising Income |
521 |
Local Education Authority |
174,999 |
Investment income |
1,830 |
Other income |
500 |
Total |
265,695 |
EXPENDITURE ON |
|
Charitable activities |
|
Pre-School |
199,058 |
Other |
30,880 |
Total |
229,938 |
NET INCOME |
35,757 |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
|
As previously reported |
153,033 |
Prior year adjustment |
205 |
As restated |
153,238 |
TOTAL FUNDS CARRIED FORWARD |
188,995 |
Page 9
BUGBROOKE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
6. GOVERNANCE COSTS
The only governancecost that is separatelyidentifiableis the fees paid to the independentexaminerof £3,082
for those services (2024: £2,995).
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Trade debtors
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors |
2025
£
3,675
1,486
5,161
2025
£
7,426 |
2024
£
-
1,207 |
|
|
1,207 |
|
|
2024
£
6,421 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1/9/24
£
188,995
188,995
Incoming
resources
£
302,288
302,288 |
Net
movement
At
in funds
31/8/25
£
£
17,888
206,883
17,888
206,883
Resources
Movement
expended
in funds
£
£
(284,400)
17,888
(284,400)
17,888 |
At
31/8/25
£
206,883 |
|
|
|
206,883 |
|
|
|
17,888 |
Page 10
BUGBROOKE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
Prior
year
At 1/9/23
adjustment
£
£
153,033
205
153,033
205 |
Net
movement
in funds
£
35,757
35,757 |
At
31/8/24
£
188,995 |
|
|
|
188,995 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
265,695
265,695 |
Resources
Movement
expended
in funds
£
£
(229,938)
35,757
(229,938)
35,757 |
Resources
Movement
expended
in funds
£
£
(229,938)
35,757
(229,938)
35,757 |
|
|
|
35,757 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Prior
year
At 1/9/23
adjustment
£
£
153,033
205
153,033
205 |
Net
movement
in funds
£
53,645
53,645 |
At
31/8/25
£
206,883 |
|
|
|
206,883 |
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
567,983
567,983 |
Resources
Movement
expended
in funds
£
£
(514,338)
53,645
(514,338)
53,645 |
Resources
Movement
expended
in funds
£
£
(514,338)
53,645
(514,338)
53,645 |
|
|
|
53,645 |
Page 11
BUGBROOKE PRESCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
Page 12
BUGBROOKE PRESCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account interest
Charitable activities
Voucher Funding - WNC
Fees - Parents
Extended Opening Fees
Higher Needs Funding
Fundraising
Other income
Other/Misc Income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
SEN costs
DAF costs
EYPP costs
Higher needs costs
Rabbits
Support costs
Other
Village Hall Rent & Rates
Insurance
Light and heat
Telephone
Carried forward |
2025
£
1,000
2,348
226,117
65,153
6,772
-
393
298,435
505
302,288
227,303
10,789
4,608
185
661
4,666
-
929
249,141
3,414
2,175
4,211
1,284
11,084 |
2024
£
10,810
1,830
163,007
73,705
3,330
11,992
521 |
|
|
252,555
500 |
|
|
265,695
175,179
9,013
3,587
2,734
-
1,854
3,232
1,117 |
|
|
196,716
2,813
1,937
4,065
1,192
10,007 |
This page does not form part of the statutory financial statements
Page 13
BUGBROOKE PRESCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
Other
Brought forward
Printing, Postage & Stationery
Sundries
Equipment/Consumables
Legal & Professional
Fundraising costs
Advertising
Staff Training
Subscriptions
Cleaning
Repairs & Renewals
Garden Maintenance
Governance costs
Accountancy
Total resources expended
Net income |
2025
£
11,084
378
651
5,560
920
1,031
41
468
2,836
1,269
6,685
1,254
32,177
3,082
284,400
17,888 |
2024
£
10,007
244
1,178
3,898
834
127
170
1,176
2,064
4,793
4,818
918 |
|
|
30,227
2,995 |
|
|
229,938 |
|
|
35,757 |
This page does not form part of the statutory financial statements
Page 14