2023-07-31-accounts - Osmotherley Pre-School

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Trustees’ Annual Report for the period

From 01/08/2022 Period start date To 31/07/2023 Period end date

Charity name: Osmotherley Pre-School

Charity registration number: 1035485

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	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 all monies are directly spent on the children.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	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 of the community including the local primary school. We believe that children play a vital role within our communities. 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 qualified, undertake training and update knowledge in line with Ofsted and other government requirements. The pre-school has had 18 plus children on the roll through the year.
Statement confirming whether the trustees have had regard to the guidance	Para 1.18	Trustees have had regard to the guidance on public benefit as issued by the Charity Commission when undertaking the

issued by the Charity Commission on public benefit

charities work during the year.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference None Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	We continue to provide three full days (8am to 5.30pm) sessions during both term time and as holiday club provision. There are then two additional morning sessions offered during term time only. This provides a realistic option for working parents and has contributed greatly to the ongoing financial stability of the pre-school. The Committee are committed to ensuring wages rates continue to rise annually. This is to both recognise the performance of the current staff and to enable future recruitment. The increases do have an impact on both operating cash flow and the redundancy provision and therefore we must ensure cash reserves cover any expected costs. The Preschool has run at a loss for the year due to work patterns causing a reduction in usage of the wrap around care offering.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against

Para 1.41

objectives set
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The pre-school made a loss in the year primarily driven by a decline in usage of wrap around care.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The pre-school holds in reserve sufficient funds to cover statutory redundancy payments. This is reviewed periodically. 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 of the lease with NYCC). If we are unable to pay for repair works as they arise, we would be forced to close the preschool. The main area which is likely to require repair or replacement is the roof
Amount of reserves held	Para 1.22	As at 31/07/2023 the reserves balance was £21,665.67.
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The trustees are committed to the charity and should any major repairs be required the trustees will apply for grants to help limit the use of the reserves.

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed by members

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Osmotherley Pre-School
Other name the charity uses
Registered charity number	1035485
Charity’s principal address	3 School Lane Osmotherley Northallerton DL6 3BW

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Elisabeth Margaret James	Chair	22 June 2023
Anna Jane Ramshay	Treasurer	22 June 2023
BethanyJane Bilby	Secretary	22 June 2023
Elizabeth Brown	Committee Member	22 June 2023
Matthew Brown	Committee Member	22 June 2023

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
None

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity

Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

A Ramshay Signature(s) E James Anna Jane Ramshay Full name(s) Elisabeth Margaret James Position (eg Secretary, Chair Treasurer Chair, etc) Date 06/04/2024

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the tte¢S Osmotherley Prtrsthool On accounts for the yoar ended 31"July 2023 Charity no (rf any) 1035485 Set out on pages 3,4 and 5 I report to trustees my examination of the accounts of the above tharity (Y)8 T for thè year ended 3110712023. As the charitys trustees. you are responsible for the preparation of the accounts in a(WdaD with ts reqUirents of the Charities Ad 2011 Responsibilitios and basis of roport I report in respert of my examination of the Trusfs accounts carried out under seclion 145 of the 2011 Act and in carrying out my examination, I have followed all the appIlble Directions given by the Charity Commission urKler se(#ion 145(5)Ib) of the Art. Independont I have comwed my examinatK)n. I confinn that matsrial matter5 have examinerfs ststomont come to my attention in connedion with the examination which gives rne use to believe that in, any material respect." the accounting records were not ke0 in accordan with se(*ion 130 of the Charities Act.. or the accounts did not accord with the accounliThJ records. or the accounts did not ¢PIY with the applicable requiremènts conmIng the fonn and content of accounts set out in the Chartties (Accounts and Reports) Regulations 2c8 other than any requirement that the accounts gtve a Irue and fairf view which is not a matter o)nsidered as part of an IrKIent examinati. I have no conc$ and have come across no other matters in connection with the examination to which attention should be dravm in this report in order to enabFe a proper understanding of the accounts to be reached Slgned: 202 DAvirJ hcA LLihMsor• Relevant profossional qualification(s) or body (rfany): Addross: THt ELMS SNAILCJ LhfvJE &ILL IER Oct 2018

Section B Disclosure Cx)Mpts rf IM •Mr need8 to hhlIght maienal matters ot conrn (goe CC32. of tharity accounts". directions and ER Oct 2018

Recei and Pa nts Account For the Year Ended 31.07.23 2021122 ).139.20 31.175.(K) 19.W3.13 29.767.ts) 250. 536.11 NYCC etc gronts Grants Fundrai89 l•*k Clawn Interest 105.IK) 179.Ki This trtal e>EkMl&l the intsrest vthich is 49,2X85 S.228.95 3.278.08 48,205.54 3.654.18 2.087.57 General Running ccAts & ThthltopBI Fundrakng Petty Cash NYCC Grants l(XrtdoN l •t) 875.CKI 4XV2 (Deficit)IExes9 crf otrw RFts & P•Yn• To LP fv¢c 00 16A40.00) Af.,1 2014 IER Oct 2018

Balance Sheet For Year ErKJed 31 st Juty 2023 Pre Schcd FWNJ as at 31.07.22 4980.98 14727.3n 180.45 40,250.14 (5,354.95) 85.79 Bth Inkrest Pre SC1K FuThJ as at 31.07.23 31.07.23 . QM39 6,955.76 6,768.39 6.955.76 21.485.22 180.45 27.939.43 85.79 21.665.87 28.IY25.22 28434.( 34.980.98 Frx Finw repwt Curr ¢ 6.768.39 W¥$ due PAYE d 183.iKJ 183. 1..67 3.0.c1) 17,(KKJ.(KI Boikn D. knJL 6 Af ."1 loi IER O¢t 2018

BANK RECONCILIATION Report as at 31.07.23 Balance on SLitemènt £6,768.39 lance at start of year £6,955.76 0110812022 £58.247.55 £6.540.00 £o.(x) Ilncl from DeFrf)gt Account) s unbanked iten £58,247.55 £65.203.31 £58,434.92 £o.(KJ £0. (Incl lo DeFrfJl s unwe*ntsJ ch4uas £58.434.92 Current balance chk zero £O.(M) G Ap.1 1024 IER Oct 2018

Section B Disclosure Cx)Mpts rf IM •Mr need8 to hhlIght maienal matters ot conrn (goe CC32. of tharity accounts". directions and ER Oct 2018