REGISTERED COMPANY NUMBER: CE019521 (England and Walès) REGISTERED CHARITY NUMBER: 1186248 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 FOR TWO MILE ASH PRE4CHOOL
TWO MILE ASH PRE-SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Pago R•fer•nco and Admlnlslratlve Detalls Report of the TNstees Ind•p•nd•nt Examina$ Report Statamwbt of Financial Activities Balance Sheel Notes to thè Financial SL*fjm&nts 6 to 11 Detallod Statgrnont of Flnanclal Actlvltlgs 12
TWO MILE PRE4CHOOL REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2025 TRUSTEES T Fenton S Mitchell K Gamer G Hill R Bumside N Cheriyan S Dyer REGISTERED OFFICE Two Mile Ash Community Centre The High Street Two Mile Ash Milton Keynes Buckinghamshire MK8 8LH REGISTERED COMPANY NUMBER CE019521 (England and Wales) REGISTERED CHARITY NUMBER 1186248 INDEPENDENT &WINER Ad Valorem Accountancy Services Limited Chartered Certif18d Accountants 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keynes Buekinghamshire MK12 5NN Page 1
TWO MILE ASH PRE.SCHOOL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The trus5 who are also directors of the chaTity for the purposes of the Companies Act 2006, present their report wth the finJn¢lal slalèments of the charity for the year ended 31 August 2025. Thè trustees have adopied the provisions of Accounl'ng and Reporting by Charities". SL8tement of Recommended Praclic 8ppllcablg to charities prèparing their accounts in accordance wilm the Financial Reportlng Standard applicable in the UK and Republ of Ireland IFRS 102} (effective l January 20191. OBJECTIVES AND ACTIVITIES Ftnahcial r&vlow is the policy of the charity that unrgstricted funds which have not been d85ignated for 8 specific usè should LE maintsined at a level equwalenl lo between three and six month's expenditure. The trustees consider that reserves at this level will $nsure that, in the event of a significant drop in funding, they will be able to continue the charills current activities while considgrauon is given lo ways in which additior>al funds may be raisod. This level ol resefV8S has been maintained throughout the year. FINANCIAL REVIEW Going concern The trustees have assessed th8 charitvs financial positi a cash flow forecasts for & pariod of allgasl 12 months from the dale of approval ol these financral statements. Ajlhough the charity reported a defjcit dLsring Ihe year, this was primarily due to the costs associated wrth openirsg a new lorolion. The trustees consider this detlcll lo be short temi in nalurg and are satisfied thal the charity has adequate resources to continue in operational existence for the foreSeeae fthure. Accordtngly. the finan¢i81 5tatem$nls have been prepared on a going concem basis. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The chèrity is controlled by its governing document. a deed Df trust. and constilules a limited company, limited by guarantee, as defined by the Cornpanies Act 26. Thè trts$lS h8vÈ paKI due regard to guidance issued by Chartty Commission In deoding what octtvlUe8 the charity should undertake. Th8 prewschool operates as a not for profit ¢ornpany aryj we hokl Charitable Status. We empb)y eight part to full stsff and provide servtces to many local 24 years dd ehildren. The trustees. who served dullng the ar and up to the date of Ssgnalura of the financial Ststements were.. T Fenlor7 S Mitchell K Gafner GHIH R Bumsldè N Cheriyan l Joyce S Dy8r Ncffte of Ihe trustees has any benefiaal irEterest in the company. All of Ihe ttee5 are members of the CA)mpany and guarantee to contribute £1 in the event of a wti)ding up. Approved by order of Ihe board of truslegs on 6 March 2026 arKI signed on its behaW by: T Fenton- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TWO MILE ASH PRE4CHOOL Indgpendent examinoes report to tho trustees of Two Milg Ash Prn-school (Yhe compan I report to the charty trustees on my examination of the accounls of the Company for th• year eThJed 31 August 2025. Respon8lbllltlos and ba51s of rnport As the charitys trustees of the Company {and also its directors fcf the purF)oses of company lawl you are responsible for the preparalon of the accounts in accordance the requirements of the Companies ALt 20061'tha 2006 Acf). Having satlsfied myself that the accounls of the Company are not required to be audrted under Part 16 of th& 2006 Act and are eligible for independenl examination. I report in rgsped of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 Ilhe 2011 ACV). In carrying out my examination I have flOwed the Directions given by the Charity Commission under Section 14515) Ib) of the 2011 Act. Independent examinerf$ stalement I have completed my examination. I confimi that no matters have come to my attention In eonnectlon wlth the examination giving MÈ cause to bg1i8v&'. accounting recor(fjs were not kept In respect of the Company as required by Seclion 386 of the 2006 the ac¢ounts do not accord with those records., or the accounts do not eomply with the accounting requirements of Section 396 of the 2006 Act 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; or the accounts have not been Pfepar8d in accordance with the methods and principles of the Statement of R9mMended Practice for accounting and reFK)rting by charities {applicable lo charities preparing their accounts in accordan¢8 with the Finanaal Reporting Standard applicabl8 in thg UK and Rgpubli¢ of Ireland (FRS 1021)- I have no cx)ncems and have come across no othgr matters in connectlon th the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be Thomas Fool FCA Ad Valorem Accountancy Semces Limited Chartered Cerbfied Ac¢ountarrts 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keynes Buckin9hamshlre MK12 5NN 13 April 2026 Page 3
TWO MILE ASH PRE4CHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YE*R ENDED 31 AUGUST 2025 2025 Unrestrlcted fund Total funds 2024 Notes INCOME AND ENDOWMENTS FROM D(atiOnS and legacbes 206,798 136,386 Other trading activities 11,377 27.527 Total 218.175 163.913 EXPENDITURE ON Charltable activliies Charitable activiles Support costs 224,825 7.322 155,471 4.055 Total 232.147 159.526 NET INCOMEI(EXPENDITURE) 113,9721 4,387 RECONCILIATION OF FUNDS Total funds brought foward 4.603 216 TOTAL FUNDS CARRIED FORWARD 19,369) 4,603 The not8s form part of these finanoal statements Page 4
TWO MILE ASH PRE-SCHOOL BALANCE SHEET 31 AUGUST 2025 2025 Unn¥trlctsd fund Totsi funds 2024 Note FIXED ASSETS Tangible assets 1,382 2,417 CURRENT ASSETS Debtors Cash al bank and In hand 10 1,448 572 1.400 4,628 2.020 6.028 CREDITORS Amounts falling (Jue within one year 11 (12.7711 13.8421 NET CURRE14T ASSETSIILIABILITIESI (10.7511 2,186 TOTAL ASSETS LESS CURRENT LIA8IUTIES 19.3691 4,603 NET ASSETS 19.3691 4.603 FUNDS UnFestricted funds 12 19,3691 4.603 TOTAL FUNDS 19,3691 4.603 The charitable Company is entiUod to exemption from audit under Section 477 of tho Companies Act 2006 for the year ended 31 August 2025. The members have not Tequired the compar)y to obtain an audit of Its financial ststoments for the year ended 31 August 2025 in a¢¢ord8nee with Section 476 of the Companies Act 2006. The trijstees acknedge their responsibilities for la) ensuring that the charitable company keeps ac¢oL¢nling records that compty wllh Sections 386 and 387 of the Companies Act 2006 and Ib} preparing financial statements whlch give a true and fair vbw of the state of alfairs of ttk* charitablg company as at the end ol èa¢h financral year and ol its surplus or defidt for e8¢h financBI year in acwrdan¢e with the requirements of Sectiorks 394 and 395 and whith otherwse comply with th8 requirements of the Companies Act 2006 relab.ng to linanclal slatements, so far as app1sble to the arrtable company. These financial statements have been prepared in accordance with the promsions apicable to charitable npanies SeCt to the small ¢ompanies iegime. Th# financial statements were approved by th6 Board of Trustees and aLSthorised for issue on 6 March 2026 and were signed on its half bv: T Fenton- TnAst¢¢ The notos fom of the8e financh31 ststemonts Pagè S
TWO MILE ASH PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the chanlable company, which is a public b9n9fft entity under FRS 102. have been prgpar¢d in accordance with th9 Charitiès SORP (FRS 1021 'Accounting and Reporting by Charilies= Statement of Recommended Practice applicable to chadtles preparing their accounts in accordance wkth the Flnanclal Reporting Standard applicable In the UK and Republic of Ireland IFRS 102) (effective 1 January 20191.. Financial Reporting Standard 102 The Finan81 Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have begn FKOparsd under the historical cost convention. The financial stat&ments are prepaTrd in slerling. Ythich is the fvn¢tional c#Jrrency of th& charity. Monetary amounts in these financial statements are rounded to the nearest £. Th8 principal accounting p)licies adopted are set out below. INCOME Income is recognised when the Charity is legally gntitted lo il after any performance conditions have been met, the amounts can be measur8d réliably, and it is probable that incctme will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been nottfied of the dOnaon. unless perf0mlan conditions require deferral of the amount. Income tax recoverable in relation to donations recelved under Glft Aid or deeds of covenant is racognised at th8 time of the donation. Legaci8s are recognised on receipt or othervAse rf the charity has been notified of an impending distribution, th* amount bs known, and receipt 18 expoGted. If tho amounl Is nol known, the 189acy is treated as a eontinggnt asset. EXPENDITURE Expenditure 1$ regnised once there is a legal or ¢onstructive obligation to transfer economic benefrt to a third party, il is probable that a transfer of economic benefits will be rgquirgd in settlement, and the amount of the obligation Can b8 m8asured reliably. Expenditure Is classified by activty. The costs of each acb.vity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each actiwty. Direct costs attrfbulable lo a single aclivily are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs Nthich are not attribLrt8ble to a single activity are appOoned between those activities on a basls ¢iJnsistent wth the use of resources. Central stsff costs a allocated on the basis of time spent. and dopreciation charges are allocated on the portion of the asset's use. CHARITABLE ACTiwfiES Unrestricted funds are available for use at Ihe diSc¥e1)n of the tiustees in furtherance of thelr tharitable objectives. Restricted funds are subject to specrfic conditions by donors as to how Ihey may be used. Thg purposes and uses of the restrlcted funds are set out in the notes to the financial slalements. The charity does not have any unrestricted funds. Endov¢Tnent funds are subject to specific conditions by donors that the capital must be maintalned by the charity. TANGIBLE FIXED ASSETS Depreciation is provided at the followAng annual rat8s in order to write off each asset over its estimated useful lrfe. Fixlures and ffttings 25% on Cost Page 6 continued...
TWO MILE ASH PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES- contlnued TANGIBLE FIXED ASSETS Computer equipment 25Yo on tost TAXATION Thg charity is exempt from corpjratlon tsx on Its charllable actlvities. FUND ACCOUNTING Unrestrict8d funds can be used in accordance with the charitabl8 obj9¢tives at the dlscretlon of the trustegs. Restricted funds can only be used for particular restricted purposes within the objects of the tharity. Restrictions arise en specffied by the donor or when funds are raised for particular restrictéd Pufposes. Further explanation of the nature and purpose of each fund Is included In the notes to the financial statements. PENSION COSTS AND OTHER POST41ETIREMENT BENEFrrs The charitable company operates a defined contribution pension scheme. Contributions p8yable to the charitable companls penslon sch8me are charged to the Statement of Financial Activities in the Pgriod to they relate. DONATIONS AND LEGACIES 2025 2024 Donations Govgmment grants 2.473 204.325 1.843 134,543 206,798 136.386 Grants re¢8iv8d, induded in the above, are as follows: 2025 2024 Milton Keyn&s Council grants Other grants 203.825 500 134.543 204,325 134,543 OTHER TRADING ACTMTIES 2025 2024 Fee income 11,377 27,527 Page 7 continued...
TWO MILE ASH PRE4CHOOL NOTES TO THE FINANCIAL sfATEMENTS- contlnuod FOR THE YEAR ENDED 31 AUGUST 2025 CHARITABLE ACTIVITIES COSTS DlreGt Cost$ Support costs Totals Charitable adivites Support costs 220.497 4.328 7.322 224.825 7.322 220.497 11,650 232.147 NET INCOMEI1EXPENDuRE) Net incomel{expenditurel is stated after char9ingl{crgditing): 2025 2024 Depreciation - ¢>vned assets 1,035 1,035 TRUSTEES REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the ygar gnded 31 August 2025 nor for the year ended 31 August 2024. TRUSTEES. EXPENSES Thère were no tTUStees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. STAFF COSTS 2025 2024 Wages and satarie$ Other pension costs 175.150 2.204 119,728 1,609 177,354 121.337 The avarag• monthly number of emrAoyeg5 during the year was as follows.. 2025 10 2024 Employees18xcluding trustees) No employees receivéd èmoluments in excess of £60.000. Page 8 continued...
TWO MILE ASH PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS - contlnuad FOR THE YEAR ENDED 31 AUGUST 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr•strlcted fund INCOME AND ENDOWMENTS FROM Donations and legacies 136,386 Other trading activities 27.527 Total 163.913 EXPENDITURE ON Charitable actlvltles Charitable activiles Support costs 155.471 4.055 Totsl 159.526 NET INCOME 4,387 RECONCILIATION OF FUNDS Total funds brought forward 216 TOTAL FUNDS CARRIED FORWARD 4.603 TANG18LE FIXED ASSETS Fixtures and fittings Computer equlpm8nt Totsls COST At 1 September 2024 and 31 August 2025 2.858 1,282 4,140 DEPRECIATION At 1 September 2024 Chargg for year 783 320 1,723 1,035 715 At 31 Augusl 2025 1,655 1.103 2,758 NET BOOK VALUE At 31 August 2025 1,203 179 1.382 At 31 August 2024 1,918 499 2,417 Page 9 continued...
TWO MILE ASH PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS - Continuod FOR THE YEAR ENDED 31 AUGUST 2025 10. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Trade debtors 1,448 1,400 11. CREDITORS: MIOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security and other tsxes Other creditors Accruals and d8ferred income 8.515 619 355 2.868 3,212 12,771 3,842 12. MOVEMENT IN FUNDS Not movoment In funds At 119J24 At 3118125 Llnrestrided funds Gèneral fund 4,603 {13,972) 19.369) TOTAL FUNDS 4.603 {13,972) {9.369> Net movement in funds. indudgd in the above are as follows: Incoming Resources rgsources expended Movemont In funds Unrestrfcted funds General fund 218,175 {232,1471 113.972) TOTAL FUNDS 218.175 1232,147) (13.972) Comparativos for Movement In funds Nfjt movement in funds Al 119123 At 3118r24 Unrostrictod funds General fund 216 4.387 4,603 TOTAL FUNDS 216 4.387 4.603 Page 10 continued...
TWO MILE ASH PRE4CHOOL NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 31 AUGUST 2025 12. MOVEMENT IN FUNDS- continued Comparatwe net movement in funds, included in thè abovè are as follows: Incoming Rèsourcès resources expended Mov•ment in funds Unrestrlcted funds General fund 163,913 (159,5261 4,387 TOTAL FUNDS 163,913 (159,5261 4,387 A cjjrrent year 12 months 8nd prior yaar 12 months combined posfaon is as follows: Net movèment In funds At 119123 At 3118125 Unrestricted funds General fund 216 {9.585) 19,369) TOTAL FUNDS 216 (9,585) 19,369) A oJrr8nt y6ar 12 rncnths and prior year 12 months combinèd ngt movement in funds. induded in the above are as follows.. Incomlng Resources r•wurGes gxpgnded Movement In funds Unrestrict•d funds General fund 382,088 {391,673) {9,585) TOTAL FUNDS 382,088 (391.6731 (9,585) 13. RELATED PARTY DISCLOSURES There were no lated paty transactions ft)r the year ended 31 August 2025. Page 11
TWO MILE ASH PRE4CHOOL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 INCOME AND ENDOVVMENTS Donations and legacies Donations Govemment grants 2,473 204.325 1,843 134,543 206.798 136,386 Othgr tradlng actlvltles Fee income 11,377 27,527 Total Incomlng resources 218,175 163,913 EXPENDrruRE Charltable a¢tJvitie$ Wages Pensions Toys & crafts iotchen supplies Rant and rates Telephone Stakn'ongry & computer costs Sundries Depreuation of tsngible fixed assets 175,150 2,204 8.310 1.504 27.809 740 993 2.752 1,035 119.728 1.609 6.954 1.224 16.459 1.355 852 3,224 1.035 220.497 152,440 Support and managfrment costs Flnance 8ank chargos Late payment interest 99 420 73 519 73 Support costs Training Subscripkn'ons Adv8rbsing Insuran¢9 938 788 1.075 114 1,672 1.252 4.229 2,958 Gov8manc• costs Accx)untancy f88S 6,902 4.055 Total resources expended 232,147 159.526 Net {expenditur8)lin¢ome (13,972) 4.387 This paga does not form part of thg slatutory financial statgments Pagé 12