Oldfield Park Pre-school Reg Charity No. 1028044 Report and Accounts Year Ended 31 August 2021
Report of the Trustees of Oldfield Park Pre-school For the yearthat ended 31st August 2021 The Trustees present their report along with the consolidated financial statements of the charity for the year that ended 3 1st August 2021. The financial statements have been prepared based on the accounting policies Set out the financial statements and comply with the charity's trust deed. Oldfield Park Pre-school is a charity registered with the Charity Commission under registration number 1028044. MISSION ATEMENT Our mission is to provide a purposeful and caring learning environmenL which can be accessed by the whole community. WHO WE ARE We are a pre-school providing care and education for 2-5 year-olds in the Oldfield Park area of Bath. We have been providing this care and education for over 35 years. first as a playgroup and then as a pre-school. In September 2019 we Tnoved to a classroom in Oldfield Park Infants school, prior to this we were based in the Baptist Church on Moorland Road. Today, Oldfield Park Pre-school is a registered charity, which is run by a committee of volunteers. It is registered both with Ofsted and the local authority (BANES] who provide the majority of our funding via the 'Early Years Entitlement,. We have a wonderful staff team who plan and provide a huge range of activities for the children to enjoy. These typically include 'Outdoor Adventures.. cookin& pasntin& play dough, singing and playing with our indoor and outdoor toys. In addition, they plan a variety of special events such as sports day, nativity, outings and workshops. In our latest Qf&Lod lllSpe£tl our Pre-school was judged to be 'good'. REVIEW OF ACTIVITIES AND ACHIEVEMENTS Pupil Numbers and Fees At the end of the academicyear 2020-2021. we had 38 pupils reglstered. This was back to ordinary levels after a small drop at the height of the pandemic (2019-20.. 28 pupils, 2018-19: 32 pupils, 2017-2018= 39 pupils). Our fees this year were £26.437. This includes a voluntsry contribution for consumables and extra activities, including forest school. Covid-19 Impact During this academic year. we have avoided any significant closures due to Covid-19. When schools were closed to all but keyworker children in early 2021. we remained open, though a proportion of parents chose not to send their children to Preschool.
We have noticed an impact on children in the settin& who have needed increased social and emotional support from adults in the setting. We took on two new members of staff in February 2021 (part-time) to support the increase in numbers and needs. One of these members of staff is being retsined for the following academic year. We hope that the impact on children starting school in September 2021 has been minimised by making the preschool environment as nornial as possible. OUR FINANCES The financial statements show net incoming resources for the year on Pre-school activities of £22,569. The principal source olincome is fees which were funded via the 'Early Years Entitlement., and privately funded hours. Parents were also asked to pay a voluntary contribution for consumables. We also carryout fundraising activities. although during the year 2020-2021 these were again more limited than usual due to Covid-19 restrictions. This year. the pre-school fundraising was limited to raffles and a sponsored bounce. Reserves and Flnancial Health The committee regularly review the finances, budgets and spend together with a monthly cash flow analysi5 as part of the effective stewardship of the Pre-school. The comtnittee have continued to invest in our staff and equipment to maintain excellent teaching facilities for our pupils. The Pre-school maintsins a balance of £10,000 in order to cover operating costs in any unforeseen circumstances. The balance of £10,000 is designed to allow the preschool to operate for two ternis without external fundin& However, it is unlikely that the amount would be sufficient for the preschool to operate for two terms. We have begun planning to gradually increase the amount of money in the reserves. Thi5 transfer of money into our reserve account is somewhat mitigated by the ongoing popularity of our Pre-school and the reduced premises cosL Penslon liability For our staff we offer a defined contributlon scheme which is operated by True Potential.
TRUSTEES AND ORGANISATIONAL sfRucfuRE Trustees (know as our Commlttee) Our CommTrttee is responsible for the overall business aspects of the Pre-school, including finance. staffing and health 2nd safety. This Committee must include a Chair, Treasurer and Secretary as a minimum, but also has roles for general members. The Committee is usually made up of parents of children at the Pre-school and is elected annually at the Pre-school AGM in October. The Committee from October 2020-October 2021 is: F Lupton (Chair) P Hilferty (Treasurer) S Johnson (Secretary) J Waterhouse (Vice Chair) B Waterhouse J Johnson M Barber B Hilferty B Cramm Staff The day-to-day management of the Pre-school is overseen by the Pre-school Manager, C Cummins. There is a Deputy Manager and an Administratorwho support this work in Pre-school. as well as five other Early Years Practitioners. PROFESSIONAL ADVISERS Bankers: Natwest, Bath Oldfield Park. 6 Moorland Road. Bath, Avon, BA2 3PA Accountant: Art Accountants. Ground Floor. 11 Manvers Stree¢ Bath BAI IJQ
Oldfield Park Pre-school Receipts and Payments - Summary For the year ended 31 August 2021 2021 Receipts 2020 Grants Fees and Lunch Club Fundraising Donations & Sponsorship Other Interest 84,570 26,437 66,316 15.620 2,866 15 111,008 84,817 Payments Wages & Salaries Training Rent Insuran Fundraising Catering Costs Trips & Entertainment Equipment Office Costs Telephone Professional Fees Other 70,648 322 10,603 464 62,872 90 8,758 463 250 1,215 2,839 1,489 404 276 178 88,439 1,650 2,709 1,799 369 1,001 1,911 81,872 Surplusl(deficit) for the Year 22,569 2,945
Oldfield Park Pre-school Statement of assets and liabilities As at 31 August 2021 2021 2020 Bank Current account Bank Fundraising account Bank Ringfence account 27,591 2,669 15,045 11,934 758 10,044 Net funds 45,305 22,736 Funds Brought Forward Surplusl(deficit) for the Year 22,736 22,569 19,791 2,945 45,305 22,736 Chairperson F Lupton Treasurer P Hilferty Dated ..30.19 I zz
(HARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of OLDFIELD PARK PRE-SCHOOL On accounts for the year ended 31 AUGUST 2021 Charity no lif any) 1028044 Set out on pages I report to the trustees on my examination of the accounts of the above charity {Ihe Trust") for the year ended 31108 12021. Responsibilities and basls of report As the chartvs trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Ad-). I report in resped of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent I have completed my examination. I confinn that no material matters have examiner's statement come to 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 wrth section 130 of the Charities Act. or the accounts did not acrd with the accounting records" or the accounts did not comply with the applicable requirements Gonceming the form and content of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 3<314 ILI Name: Peter Barton FCCA Relevant professional qualificationls) or body Ilf any): FCCA Address: ART Accountants Ltd 11 Manvers Street Bath, BA1 1JQ IER Oct 2018
Section B Disclosure Only complete if the examiner needs to highlight malerial matters of concern (see CC32, Independent examination of charrty accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to dlsclose. NONE IER Oct 2018