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2021-07-31-accounts

SORP reference
Summary
the charity
governing
Ofthe purpOSeS
as set out in its
document
Of Pares.1r The provision of play-based
education for
children
under statutory
school age in
Osmotherley
and surrounding
areas.
We are an independent
pre-school which also
has charitable
status and is run by parent
volunteers
who carry out the aims and
objectives of the pre-school.
All monies raised in whatever
manner
go back
into to resourcing the group where al!monies
are directly spent on the children.
Summary
ofthe main
activities
in relation to those
purposes
for the public
benefit,
in particular,
the
activities, projects or
Para 1.17 and
1.19
We aim to serve
every
child
within
the local
community
and
beyond.
We maintain
strong
links with all aspects ofthe community
including
the
local
primary
school.
We
believe
that
children
play
a
vital
role
within
our
services identified in the communities.
accounts.
Here at pre-school
we believe
that
children
learn best through
play, we therefore
have a
great
deal
of free
flow
play
in
which
the
children are able to make independent
choices
about activities that they are interested
in. We
plan
for
children's
learning
through
their
interests,
assessing
their
well-being,
involvement
and
schematic
play. We take
a
holistic
approach
to both
development
and
learning where all children are valued.
We follow the
Early Years Foundation
Stage
Guidance
and
provide
a
rich
variety
of
resources
both indoor
and outdoor.
We also
provide regular opportunities
for exploring the
local
environment
for the
children,
a truly
enriched
learning experiencing.
All our staff are
well qualitied,
undertake
training
and
update
knowleogein
ilne
with RfPd
Z/ld
l'lfll/
government
requirements
In November 2017,the Preschool was awarded
Outstanding
status
by Ofsted after inspection.
Details ofthe report can befound on the Ofsted
website.
The pre-school
has had 24 plus children on the
roll through the year.
Trustees have had regard to the guidance on
public benefit as issued by the Charity
Commission
when undertaking
the charities
work during the year.
Statement
confirming
whether the trustees have
para 1.13 The trustees believe that elements ofthe
public benefit requirement
are satisfied. The
had regard
issued by
to the guidance
the Charity
direct benefits flowing from this purpose are
that children at this stage have a safe, healthy
Commission
on public
and stimulating
benefit environment
in which they can learn through
play and that each child will be helped to
develop their own unique set ofqualities and
talents to their full potential. These benefits
can be evidenced
by feedback from the
Parents, by the detailed observations
and
assessments
carried out by staff and by the
external inspections
from the Education
Department
and Social Services. The purpose
ofthe Pre-school
is beneficial and there is no
harm. The beneficiaries ofthis purpose are the
children who attend the Pre-school.

SORP reference
We continue to provide three full day (8am to
5.30pm) sessions during both term time and as
holiday
club
provision.
There
are
then
two
Summary
of
achievements
the main
ofthe charity,
Para 1.20 additional
morning
sessions
offered
during
term time only.
identifying
the difference the
charity's work has made to
the circumstances
of its
beneficiaries
and any wider
This
provides
a realistic
option
for working
parents
and
has
contributed
greatly
to the
ongoing financial
stability of the pre-school.
benefits to society as a
whole. Staff wage rates were increased
in April 2020
and then again
in April 2021 to continue to be
comparable
with other local settings and also in
line with increases
in the NMW.
The
Committee
are
committed
to
ensuring
wages rates continue to rise annually.
This isto
both recognise the performance
ofthe current
staff and to enable
future
recruitment.
The
increases do have an impact on both operating
cash flow and the redundancy
provision
and
therefore
the
cash
reserves
need
to
be
increased. This is toensure we have sufficient
in
reserve to cover drops
in head count as well as
having
the funds
available
for building
repair
and maintenance
as it arises.
The Pre-school was closed for a period
through
2020
due
to
Covid-19.
We
committed
to
running
sessions
from
September
2020
onwards
as fully as possible,
even when there
were
fewer
children
than
the
break
even.
Running the sessions at a loss was necessary to
ensure
we
kept
the
preschool
running
as
parents slowly returned to using the provision.
This has resulted
in a loss in the year, however
we have built up reserves tocover this scenario.
Additional information (optional)
You ma choose to include further statements where relevant about:
Achievements against Para 1.41
objectives set
Performance offundraising
activities
set
against o
trtecttves
1.41

Investment performanc against objectives Para 1.41 Other

inancial
Review
inancial
Review
inancial
Review
Review ofthe charity's
financial
position at the end
ofthe period
Para 1.21 The pre-school
had an excess of payments
over
receipts off11,711this year. This follows
running
sessions on a normal
basis even when
numbers
were low. Cancelling sessions would
lead to further headcount
reductions.
This policy appears to be working and numbers
into the current year are increasing. We do
expect to have another deficit in 2021/22,
however we expect this to be around
half of
the 20/21 deficit.
Statement
explaining
the
policy for holding reserves
stating why they are held
Para 1.22 The pre-school
holds in reserve sufficient funds
tocover statutory
redundancy
payments.
This is
reviewed
periodically
to ensure
the
reserve
continues to increase
in line with wage rises.
In addition,
a capital
reserve
is held for any
future
building
costs.
(The
preschool
being
responsible
for all maintenance
of the building
under the terms ofthe lease with
NYCC). Ifwe
are unable to pay for repair works as they arise,
we would be forced to close the preschool. The
current areas which are likely to require
repair
or replacement
are the boiler and the chimney
stack.
Amount ofreserves held Para 1.22 f28,000
Reasons for holding zero Para 1.22 n/a
reserves
Details offund matedially in Para 1.24 n/a
deficit
Explanation
ofany
Para 1.23 n/a
uncertainties
about
the
charity continuing
as a going
concern
Additional
information
(optional)
You ma
choose to include further statements
where relevant about:
NYCC funded
hours, fees paid for unfunded
The charity's
principal
sources of funds (including
Para 1.47 hours and small donations
any fundraising)
Investment
policy and
objectives including
any
Para 1.46
social investment policy
adopted
Increases
in the cost of living (NMW,
A description
ofthe principal
risks facin
the chari
Para 1.46 Utilities etc) increasing
costs for preschool
while the rates
aid b
NYCC for funded

tructure, Governance and Mana gement
Description of charity's
trusts:
Type of governing
document
Constitution
How is the charity Para 1.25 Trust
constituted?
Trustee selection methods Para 1.25 Appointed by members
including
details ofany
constitutional
provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
Policies and procedures
adopted for the induction
Para 1.51
and training oftrustees
The charity's
organisational
structure
and any wider
Para 1.51
network
with which the
charity works
Relationship
with any related
Para 1.51
parties
Other

efere nce and Administ nce and Administ rative
de
tails
Charity name Osmotherley Preschool
Other name the charity uses None
Registered charity number 1035485
Chadty's principal address 3School Lane,
Osmotherley,
Northallerton
DL6386
mes ofthe charity tru stees who manage the stees who manage the charity
Trustee name Office (ifany) Dates acted ifnot for whole
eaf
Name
to a
ofperson (or body) entitled
int trustee
ifan
Anthea Howlett Chair
Lucy Sillars Treasurer
Emily Tones Committee member
Heather Rowe Committee member
Lucy Watts Committee member
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Pre School Fund asat 43,668.84
Excessof 8,680.25
272.54
Pre School Fund as at 31.07.21
Current Account at 31.07.21 12,319.71
less unpresented cheques
Deposit~nt
Bank interest
Add unbacked
income
Dep(kit account provlsloAs
Roof fund r5„006.60
Boiler fund P3,000.00
Redundancy F20„069.00
Total

Fees
ttYCC
Grants
Fundrsising
interest
Nhsceffsneous
This sun'~assess saon sera% isesusc
'ia the depast sccasnt
Paapnts
Staff Costs
Premises Costs
General Running Costs
Boofts snd ffhtfnriafs
Fundraising
Costs
Rtfsc ftrnns
(including transfe- toDeposit ft LP~tj
(DsflcityE'scene ofReceipts over Paymenfs
Other Reset
stt Pe
ments
From Deposit Account
Fram LPAccount
Ta Oepceit Account
ToLP Account
Fees
Grants
Fundratsing
Sub total (Gross income for
rile
A2 Asset and investment
sales
(see table)
Aa Tsa
Stait Casts
Premises Costs
General Running Costs
Books and trtateriats
Sub total
Net ofrecefptsffpaymenu/
ASTraasfem between funds
ASCash funds last year end
Cas.h tbntts this year ettd

Pre School Fund asat 43,668.84
Excessof 8,680.25
272.54
Pre School Fund as at 31.07.21
Current Account at 31.07.21 12,319.71
less unpresented cheques
Deposit~nt
Bank interest
Add unbacked
income
Dep(kit account provlsloAs
Roof fund r5„006.60
Boiler fund P3,000.00
Redundancy F20„069.00
Total

Fees
ttYCC
Grants
Fundrsising
interest
Nhsceffsneous
This sun'~assess saon sera% isesusc
'ia the depast sccasnt
Paapnts
Staff Costs
Premises Costs
General Running Costs
Boofts snd ffhtfnriafs
Fundraising
Costs
Rtfsc ftrnns
(including transfe- toDeposit ft LP~tj
(DsflcityE'scene ofReceipts over Paymenfs
Other Reset
stt Pe
ments
From Deposit Account
Fram LPAccount
Ta Oepceit Account
ToLP Account
Fees
Grants
Fundratsing
Sub total (Gross income for
rite
A2 Asset and investment
sales
(see tabie)
Stait Casts
Premises Costs
General Running Costs
Sett total
Net ofrecefptsffpaymen&J
ASTraasfem between funds
ASCash funds last year end
Cas.h tbntts this year ettd