Oldfield Park Pre-school Reg Charity No. 1028044 Report and Accounts Year Ended 31 August 2023
Report of the Trnstees of Oldfield Park Pre-school For the year tbat ended 31st August 2023 The Trust¢es present their report alon8 With the consolidated financial statements of the charity for the year that end¢d 3 1st August 2023. Th¢ fanCial statements have been prepared based on the accounting policies sel out the financial statements and comply with the charity'5 trust deed. Oldfield Park Pre-school is a charity registered with the Charity Commission und¢r registration number 1028044. ORYECTIVES AND ACTIVTfIES Mission Statemeot Our mission is to provide a purp05cful and caring learning environm¢nL which can be a¢s$¢d by the whole Community. Wkno we are We are a pre-school providing Ca 8nd education for 2-5 year-olds in the Oldfield Park area of Bath. We have been proyiding this care and education for over 35 years. first as a playgroup and then as a pre-school. Today. Oldfield Park Pre-school is a registered Charity. which 15 run by a committee of volunteers. It 15 r¢gistrred both with Ofsted and the local authority (BANES) who provide the majority of our funding via th¢ 'Early Years Entitlement,. We hav¢ a wonderful staff team who plan and provide a huge range of artivities for the childr¢n ¢njoy. These typically in¢lude 'Outdoor Adv¢ntures'. cooking. painting, play dough. singing and playing with our ind(M)r and outdoor toys. In addition. th¢y plan a variety of special events such as sports day. nativity, outings and w0$hOp$. In our latest Ofsted Ins ction June 2022 ow Pre-school was judged to be 'good'. ACHIEVEMENTS AND PERFORMANCE Pupil Numb¢rs Ydnd Fee8 At the end ofthe academic year 2022-2023. we ld 34 pupils registered. Our fees this year were £40.890.74. This includes a volunlary contribution for consumable5 and extra activities, including forest whool. FINANCIAL REVIEW The financial statements show net Inming resources for the year on Pre-school activities of £133.177.74. The prin¢ipal source of in¢om¢ is fees which were fvnded via the 'Early Years Entitlement,, and privately funded hours. Parents were also asked to pay a voluntary contribution for consumables. We also carry out fundraising activitie5, which includes raffle5 and other sponsored events.
Reservey and Financial Health The committee regularly r¢vi¢w the finances, budgets and $id together with a monthly cash flow analysis as part of the effective stewardship of the Pre-school. The committee have continued to invest in our sthff and equipment to maintain excellent teaching facilities for our pupils. The Pre-school maintains a balance of £20,01)O in Ord to cover operaling Costs in any unforeseen circumstances. The balance of £20.000 is designed to allow the preschool to operdte for two ternis without external funding. However. it is unlikely that the amount would be suificient for the preschool to operate for t0 temis. We have begun planning to gradually incre&se the amount of money in the reserves. This transfer of money into our reserve ac¢owit is somewhat mitigated by the ongoing popularity of our Pre-school and the reduced premises cost. Pension liability For our staff we offer a defined contribution scheme which is operated by True Potential. STRUCTURE. GOVERNANCE AND MANAGEMENT Trustees (know as our Committee) Our Committee is responsible for the overall busTness aspects of the Pre-school, including finance. staifin& and health and safety. This Committee musl in¢lud¢ a Chair, Treasurer and Secretary 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 AGNI in (ktob¢r. The Committee from October 2022-October 2023 is: . R Sadgrove (Chair) .T Coffey (freasurer) . H Sharrdtt (Secretary) . E Ander50n Siaff The day-tO•day management of th¢ Pre-Sch(M)l is overseen by the Pr¢-Schwl Man&ger. C Cummins. There is a Deputy Manag¢r and an Administrator who support this work in Pre-school. &s well as five other Early Years Practitiollers. The trustees. report was approved by the Board of Trustees. R Sadgrove Trnste¢
Oldfield Park Pre4chool Receipts and Payments - Summary For the year ended 31 August 2023 2023 2022 Receipts Grants Fees and Lunch Club Fundraising Other Interest 91,368 40.891 394 350 174 66,556 39,454 3,241 133,177 109.260 Payments Wages & Salaries Training Rent Insurance Fundraising Trips & Entertainment Equipment Office Costs Telephone Professional Fees Other 103,739 755 10,023 90,977 361 10.044 471 594 2,360 7,117 2.323 483 847 209 115,786 4,036 3,915 2.174 404 579 787 126,896 Surplusl(defiGit) for the Year 6,281 6,526
Oldfield Park Pre-school statement of assets and liabilities As at 31 August 2023 2023 2022 Bank Current account Bank Fundraising account Bank Ringfence account 19,269 5,563 20,228 13,409 5,315 20,055 Net funds 45,060 38,779 Funds Brought Forward Surplusl{deficit) for the Year 38,779 6,281 45,305 (6,526) 45,060 38,779 Chairperson R Sadgrove Treasurer T Coffey Dated s/G/
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees1 members of OLDFIELD PARK PRE-SCHOOL On accounts for the year ended 31 AUGUST 2023 Charity no (if any) 1028044 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trusf) for the year ended 31108 12023. Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act.). I report in respect of my examination of the Trust's accounts carried oui under section 145 of the 2011 Act and in Garying out my examination, I have folli)wed all the applicable Directions given by the Charity Commission under sertion 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement Come to my attention in connection wtth 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 wrth the applicable requirements concerning the fo and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no cOnmS and have come arJoss no other matters in connection th the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: sl Name: Peter Barton FCCA Relevant professional qualification(s) or body (If any): FCCA Addross: ART Accountants Ltd 11 Manvers Street Bath, BA11JQ IER Oct 2018
Section B Disclosure Only Gomplete if the examiner needs to highlight material matters of concern (see CC32, Independent examinakn'on of charity acwunts.. directions and guidance for examiners). Give here brief details of any items that thè èxamlner wlshes to disGlose. NONE IER Oct 2018