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¢ f￿anCial 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 l￿d 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 In￿ming 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 t￿0 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 cOn￿mS 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