Oldfield Park Pre-school
Reg Chanty No. 1028044
Report and Accounts
Year Ended 31 August 2024

Report of the Trnstees of Oldfield Park Pre-school
For the year that ended 31st August 2024
Th¢ Trustees present their retM)rt along with the con501idated financial statements of the charity for the
year that ended 315t August 2024. The financial statements have b¢¢n prepared b&sed on the
accounting Frf)licies 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
I028044.
Misson Statement
Our mission is to provide a PUTtMiseful and caring learning environmenL which wi b¢ accessed by the
whol¢ community.
Who we Are
W¢ 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. f￿st as a playgroup and then as a
pre-school.
Today. Oldfield Park Pre-school is a registered charity, which is run by a Committee of volunteeTS. It
is regi5tercd both with Ofsted and the loal authority (BANES) who provide the majority of our
funding via the 'Early Years Entitlement.. We have a wonderful staff team who plan 8nd provide a
huge rang¢ of activili¢s for the children to enjoy. These typically in¢lud¢'OutdoorAdventures',
cooking, painting, play doLbgh, singing and playin8 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
Ofsted Ins
Ction
Jun¢ 2022
our Pre-schwl was judged to be 'gocMJ'.
ACHIEVEMENTS AND PERFORMANCE
Pupil NumbeTh and Fees
At the end of the a¢ad¢mi¢ y¢ar 2023-2024. we had 39 pupils registered.
Our fees this year wer¢ £51250.28. This includes a voluntary contribution for consumables and extra
activities, including forest %hool.
FINANCIAL REVIEW
The financial statements show net incoming resources for the year on Pre-school activities of
£164,185.22.
The principal source of income is fees which were fijnded via the 'Early Years Entitl¢rn¢nt'. and
privately funded hours. Parents were also asked to pay a volunlary ¢ontribution for ¢onsumables.
We also carry out fundraisin8 activitie4 which include5 raffles and other sponsored events.
Reserves Financial Health
The cotllmittee regularly review the finances. budgets and spend 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 staff and equipment to maintain excellent teaching facilities for our pupils.

The Pre-school mainlains a balance of £20,OIXI in order to cover operating costs in any unforeseen
circumstances. The balanc¢ of £20.000 is designed to allow the preschool to opernte for two tertns
without external funding. However. it is unlikely that the amount would be sufficient for the preschool
to operate for two ternis. We have begun planning to gradually increase the amount of mon¢y in the
reserves. This transfer of money Into our reserve a¢¢ount is somewhat mitigaied by the ongoing
popularity of our Pre-school and the r¢du¢¢d Pr￿15¢5 Cost.
Pension liability
For our staff we offer a defined contribution ￿h¢m¢ which is opernted by True Potential.
STRUCTURE, GOVERIYANCE AND MANAGEMENr
Tnjstees (know as our Committee) Our Committee is responsible for the overdll business aspects of
the Pre-school, including finance, staffing, and health and safety. This Committee must include a
Chair, Treasurer and Secrelary as a minimum. but also has roles for generdl members. Th¢ Committee
is usually made up of p8r¢nts of ¢hildr¢n at the Pre-school and is elected annually at the Prevschool
AGM in October.
The Committee from October 2023-October 2024 is:
R Sadgrove (Chair)
.T Coffey (Treasur¢r}
• J Brennan (Secretary)
• D Manole
E Anderson
Staff
Th¢ day-to-day management of the Pre•School is overseen by the Pre-school Manager, C Cummins.
There is a Deputy Manager and an Athninistrator who SUp￿)rt this Work in Pre-school. as well as five
other Farly Years Prdctitioners.
The trnstees. report was approved by th¢ Board of Tn￿ee5.
R Sfddgrnve
Truste¢
Dat¢d'.

Oldfield Park Pre4chool
Receipts and Payments - Summary
For the year ended 31 August 2024
2024
2023
Receipts
Grants
Fees and Lunch Club
Fundraising
Other
Interest
104,234
51.250
2.573
5,833
295
91,368
40,891
394
350
174
164,185
133,177
Payments
Wages & Salaries
Training
Rent
Insurance
Trips & Entertainment
Equipment
Office Costs
Flooring and decoration
Telephone
Professional Fees
Other
120,485
396
9,858
507
1,389
3.151
2,101
4,794
625
851
2.222
146.379
103,739
755
10,023
4.036
3,915
2.174
404
579
787
126,896
Surplusl(deficit) for the Year
17,806
6.281

Oldfield Park Pre-school
Statement of assets and liabilities
As at 31 August 2024
2024
2023
Bank Current account
Bank Fundraising account
Bank Ringfence account
39,695
2,647
20,524
19,269
5,563
20,228
Net funds
62,866
45,060
Funds Brought Forward
Surplusl(deficit) for the Year
45,060
17,806
38,779
6,281
62,866
45,060
Chairperson
R Sadgrove
Treasurer
T Coffey
Dated
51G12G

CHARITY 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
ènded
31 AUGUST 2024
Charity no
(If any)
1028044
Set out on pages
4-5
I report to the trustees on my examination of the arxounts of the above
charity (Ihe Trusf) for the year ended 3110812024.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordan￿ with the requirements of the Chariiies Act 2011
(Ihe Act.).
Responsibilities and
basis of report
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 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. l Confimi 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 accordan￿ with section 130
of the Charities Act., or
the accounts did not acGord with the accounting records; or
the accounts did not comply with the applicable requirements
con￿mIng the fomi and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 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.
I have no concems and have come across no other matters in connection
with the examination to which attention should be dravm in this report in
order to enable a proper understanding of the ac¢ounts to be reached.
Slgned:
Date:
s /ÉliG
Name:
Peter Barton FCCA
Relevant professional
qualification(s) or body
(If any):
FCCA
Address:
ART Accountants Ltd
11 Manvers Street
Bath. BA11JQ
IER
Oct 2018

Section B
Disclosure
Only complete if Ihe examiner needs to highlight material matters of concem
(see CC32, Independent examinats.on of charty accounts: directions and
guidance for examiner5).
Give here brief details of
any items that the
examiner wlshos to
disclose.
NONE
Oct 2018