Oldfield Park Pre-school Reg Charty No. 1028044 Report and Accounts Year Ended 31 August 2025
Report of the Trustees of Oldfield Park Prtsschool For the year that ended 31st Augusl 2025 The Trnstees present their report alon8 with the consolidated fmancial ststements of the charity for the year that ended 31st August 2025. The financial statements have been prepared based on the accounting policies set out the financial statements and wmply with the charity's trust deed. Oldfield Park Pre-school is a charity registered with the Clwity Commission under registration number 1028044. OBJECTIVES AND ACTIVITIES Mission Statement Our mission is to provide a purposeful and caring I18 environmen( which can be accessed by the whole community. Whowea We are a pre-school providing care and education for 2-5 year-olds in th¢ 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. Today, Oldfield Park Pre-khool is a Tegistcred charity. which is by a committee of volunteers. It is registered IM)th with Ofsted and the local authority (BANES) who provide the majority of our funding via the 'Early Years Entitlement,. We hav¢ a wonderful staff team who plan and provide a huge rdngc of activilies for the children to enjoy. These typically in¢lude'OutdoorAdventures', cooking, painting. play dough, singing and playing with our indoor and outdoor toys. In &ddition. they plan a variety of special events such as sports day. nativity. outings and workshops. In our latest Ofsted Ins ion June 2022 our Pre-school was judged to be 'gwd'. ACHIEVEMENfs AND PERFORMANCE Pupil NumbeTS and Fees At the end of the academic year 2024-2025. we had 41 pupils registered. Our fees this year were £57.790.08. This includes a voluntary ¢ontribution for consumables and extra activities, including forest school. FINANCIAL REVIEW The financial statements Show net incoming resources for the year on Pre-school activities of £192.961.42. The principal source of income is fees which were funda via the 'Farly Years Entitl¢ment', and privately funded hours. Parents were also asked to pay a voluntary contribution for consumables. We also carry out fundraising 8¢tivities. which includes raffles and other sponsored events. Reserves and Financial Health The committee regularly review the finances, budgets and spend together with a monthly cash flow analysis as part of the effective stewardship of th¢ Pre-school. Thc committee hav¢ Continued to invest in our staff and equipment to maintain excellent teaching facilities for our pupils.
The Pre-school maintains a balance of £20.000 in order lo cover operating costs in any unforeseen circumstances. The balance of £20,000 is desIed to allow the preschool to operate for two tern)s without extcrnal funding. How¢v¢r. it is unlikely that the amount would be sufficient for th¢ pr¢school to operate for two tenns. We have begun planning to gradually increase the amount of money in the reserves. This transfer of mon¢y into our reserve ac¢ount is somewhat mitigated by the ongoing popularity of our Pre-school and the reduced premises cost. Pension liabillty For our staff we offer a defined contribution schwne which is opernted by True Potential. STRUCTiJRE, GOVERIYANCE AND MANAGEMENT Trust¢¢s (know as our Committee) Our Committe¢ is reS)nSIble for the overall business aspe¢ts of the Pre-school. including fanCe, staffing. and health and safety. This Committee must include a Chair, Treasurer and Secretary as a minimum. but also has roles for general memkrs. The Committee is usually made up of parents of children at the Pre-school and is electejj annually at the Pre-school AGM in O¢tober. The Committee from October 2024-Cktober 2025 is: R Sadgrove (Chair) • .T Coffey (Treasurer) . E Anderson (Secretary) • B Corum G Best Staff The day-t&d&y managem¢nt of the Pre-SchTh)l is oveT5een by the Pre-school Manager, C Cummins. There is a Deputy Manager and an Administrator who support this work in Pre-school. as well as five other Early Years Practitioners. The trustees, report was approved by the Board of TDJ5tees. R Sadgn)ve Trustee Dated.. 51LIIG
Oldfield Park PreSchool Receipts and Payments - Summary For the year ended 31 August 2025 2025 2024 Receipts Grants Fees and Lunch Club Fundraising Other Interest 133,074 57.790 676 1,167 255 104,234 51,250 2,573 5.833 295 192.962 164,185 Payments Wages & Salaries Training Rent Insuran Trips & Entertainment Equipment Office Costs Flooring and decoration Telephone Professional Fees Other 131.777 531 10,002 982 2,625 4,898 4,466 8.629 534 431 1,870 166,745 120,485 396 9,858 507 1,389 3,151 2.101 4,794 625 851 2,222 146,379 Surplusl(defiGit) for the Year 26,217 17,806
Oldfield Park Pre-school Statement of assets and liabilities As at 31 August 2025 2025 2024 Bank Current account Bank Fundraising account Bank Ringfence account 65,055 3,332 20,695 39,695 2,647 20,524 Net funds 89,083 62,866 Funds Brought Forward Surplusl(deficit) for the Year 62,866 26,217 45,060 17,806 89,083 62,866 Chairperson R Sadgrove Treasurer Tco Dated ..s. /& ILC
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of OLDFIELD PARK PRE-SCHOOL On a¢¢ounts for the year ended 31 AUGUST 2025 Charity no {if any) 1028044 Set out on pages 4-5 I report to the trustees on my examination of the accounts of the above chaiity (Ihe Trusf) for the year ended 31108 12025. As the charity's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Acf). Responsibilities and basis of report I report in respect of my examination of thè Trust's accounts carried OLrt under section 145 of the 2011 Act and in carrying out my examination, I have followed all the apICable DireGtion$ given by the Charity Commission under section 145{5)(b) of the Act. Independent I have completed my examination. I confimi that no material matters have examinerfs ststsment 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 with section 130 of the Charities Act.. or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceming 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 ttrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with 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: /z Name: Peter Barton FCCA Relevant professional qualification(s) or body (if any): FCCA Addrnss: ART Accountants Ltd 11 Manvers Street Bath, BA1 1JQ IER Oet 2018
Section B Disclosure Only complete rfthe examiner needs to highlight material matters of conrn (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that th8 examiner wishes to disclose. NONE IER Oct 2018