I made these puppets back in 2010. I used Lionbrand's free crochet patterns for a Bear Potholder and Beehive Potholder. I modified the patterns and left the bottom open so I could use them as hand puppets. When I first saw the patterns, I knew they would be perfect to tell chapter 1 (In Which We Are Introduced to Winnie-the-Pooh and Some Bees, and the Stories Begin) of Winnie-the-Pooh by A. A. Milne.
You could also make a felt set for your felt board, felt hand puppets, or even stick puppets so the children can participate more.
I prepared myself a script complete with verbatim sections from the book and engagement questions for the children.