## **Trustees’ Annual Report for the period** **From 1[st] Sep 2019 Period start date To 31[st] August 2020 Period end date** ## **Charity name: Olney Pre-School** ## **Charity registration number: 1039667** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**Provide pre-school facilities for children**
**aged two to four years old**| |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|**Pre-school**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees have had guidance issued**
**by the Charity Commission**| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference| |---|---| ||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|**The Pre-School continues to provide**
**outstanding pre-school provision**
**predominantly for children in the local**
**community. It provides extra support for**
**students with special and complex**
**educational needs.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |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 charity is a not for profit**
**organisation and is in a healthy financial**
**position**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Reserves are held for potential**
**redundancies and potential continuing**
**costs**| |Amount of reserves held|Para 1.22|**£77088**| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## **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|**Parent fees and Voucher fees**| |---|---|---| |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|**Lack of students or a drop in**
**government funding would put the pre**
**school in a difficult financial position.**| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|| |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|**Trustees are nominated, seconded and**
**elected at the AGM.**| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees 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 ## **Reference and Administrative details** |Charity name|Olney Pre-School| |---|---| |Other name the charity uses|| |Registered charity number|1039667| |Charity’s principal address|The Olney Centre, High Street, Olney, MK46 4EF| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Edward Daynes|Chairperson||| ||Jacqui Konkol|Secretary||| ||Elena Hill|Treasurer||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 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** **Signature(s)** Edward Daynes **Full name(s)** Edward Daynes **Position (eg Secretary,** Chair **Chair, etc) Date** 19/05/2021 ## **OLNEY PRE-SCHOOL** ## **INCOME AND EXPENDITURE ACCOUNT AS AT** ## **31 August 2020** |**INCOME**
**Parent Fees**
**Voucher Fees**
**SEN funding**
**EYPP**
**Bank Interest**
**LESS EXPENDITURE**
**Admin Exp**
**£ 192.57**
**AGM**
**£ 21.15**
**Auditor**
**£ 19.55**
**Bank Charges**
**£ -**
**Consumables - food**
**£ 618.93**
**Equipment**
**£ 248.98**
**Fixtures & Fittings**
**£ 59.94**
**Group Mem**
**£ 243.20**
**EYPP expenditure**
**£ 717.02**
**Insurance**
**£ 805.99**
**Maintenance**
**£ -**
**Ofsted/DBS**
**£ 243.30**
**Photocopier**
**£ 467.41**
**Computers**
**£ 8.39**
**Photos**
**£ 124.00**
**Rent**
**£ 8,120.04**
**SEN expenditure**
**£ -**
**Stationery, craft, cleaning**
**£ 2,536.74**
**Telephone and broadband**
**£ 529.79**
**Training**
**£ 426.55**
**Wages**
**£ 100,516.70**
**SEN hours**
**£ 1,981.67**
**Cleaner**
**£ 2,208.20**
**Misc**
**£ 1,074.40**|**Actual**
_Year to 31/08/2019_
**£ 10,626.00**
_£ 16,783.10_
**£ 120,405.61**
_£_
_127,257.11_
**£ 1,161.00**
_£ 4,115.00_
**£ 1,237.03**
_£ 1,491.44_
**£ 133,429.64**
_£_
_149,646.65_
**£ 349.09**
_£ 364.81_
**£ 133,778.73**
_£_
_150,011.46_
_£ 217.55_
_£ 37.62_
_£ 20.00_
_£ -_
_£ 771.38_
_£ 2,066.90_
_£ 91.36_
_£ 237.20_
_£ 1,401.16_
_£ 798.16_
_£ -_
_£ 336.50_
_£ 517.36_
_£ 8.39_
_£ 175.08_
_£ 8,120.04_
_£ 41.97_
_£ 1,998.23_
_£ 551.02_
_£ 1,101.10_
_£_
_99,330.09_
_£ 972.30_
_£ 2,456.70_
_£ 559.00_
**£ 121,164.52**
_£_
_121,809.11_|**Actual**
_Year to 31/08/2019_
**£ 10,626.00**
_£ 16,783.10_
**£ 120,405.61**
_£_
_127,257.11_
**£ 1,161.00**
_£ 4,115.00_
**£ 1,237.03**
_£ 1,491.44_
**£ 133,429.64**
_£_
_149,646.65_
**£ 349.09**
_£ 364.81_
**£ 133,778.73**
_£_
_150,011.46_
_£ 217.55_
_£ 37.62_
_£ 20.00_
_£ -_
_£ 771.38_
_£ 2,066.90_
_£ 91.36_
_£ 237.20_
_£ 1,401.16_
_£ 798.16_
_£ -_
_£ 336.50_
_£ 517.36_
_£ 8.39_
_£ 175.08_
_£ 8,120.04_
_£ 41.97_
_£ 1,998.23_
_£ 551.02_
_£ 1,101.10_
_£_
_99,330.09_
_£ 972.30_
_£ 2,456.70_
_£ 559.00_
**£ 121,164.52**
_£_
_121,809.11_| |---|---|---| |||_£_
_149,646.65_
_£ 364.81_| |||_£_
_150,011.46_





















_£_
_121,809.11_| **----- Start of picture text -----**
SURPLUS/DEFICIT £ 12,614.21 £ 28,202.35
CAPITAL EXPENDITURE
Kitchen £ 8,053.15 £ -
Transfer to SEN budget £ - £ 3,500.00
£ 8,053.15 £ 3,500.00
OVERALL SURPLUS/DEFICIT £ 4,561.06 £ 24,702.35
**----- End of picture text -----**
**OLNEY PRE-SCHOOL BALANCE SHEET AS AT 31-Aug-20** ## **Current Assets** **Current Assets** _Year to 31/08/2019_ £ _£_ Deposit Account 62,306.39 _61,957.30_ £ _£_ Current Account 57,911.45 _53,779.81_ £ _£_ Cash 523.58 _311.73_ £ _£_ 120,741.42 _116,048.84_ **Financed by:(01/09/19)** Capital b/f £ _£_ Redundancy Fund 34,000.00 _34,000.00_ £ _£_ Terms Running Costs 38,000.00 _38,000.00_ £ _£_ Operating Capital 36,344.16 _14,832.82_ £ _£_ SEN brought forward 4,466.46 _1,365.73_ £ _£_ EYPP brought forward 622.42 _532.14_ £ _£_ Fundraising Fund 2,615.80 _961.02_ £ _£_ 116,048.84 _89,691.71_ £ _£_ Surplus (Operating Costs) 12,614.21 _28,202.35_ £ _£_ Surplus (fundraising) 131.52 _1,654.78_ -£ _-£_ Capital expenditure 8,053.15 _3,500.00_ £ _£_ 120,741.42 _116,048.84_ **SEN funding** £ _£_ SEN brought forward 4,466.46 _1,365.73_ £ _£_ SEN income 1,161.00 _4,115.00_ -£ _-£_ SEN expenditure 1,981.67 _1,014.27_ £ _£_ **SEN balance** 3,645.79 _4,466.46_ **EYPP** £ _£_ EYPP brought forward 622.42 _532.14_ £ _£_ EYPP income 1,237.03 _1,491.44_ -£ _-£_ EYPP expenditure 717.02 _1,401.16_ £ _£_ **EYPP balance** 1,142.43 _622.42_ ## **OLNEY PRE-SCHOOL FUNDRAISING INCOME AND EXPENDITURE ACCOUNT AS AT 31-Aug-20** |**INCOME**
**Sponsored pancake races**
**Dickens**
**Tshirts/Gym Bags**
**School Photos**
**Christmas raffle**
**Label commission**
**Tea towels**
**Donations**
**LESS EXPENDITURE**
**Tshirts/Gym Bags**
**£ 348.25**
**Party and outings**
**£ 283.03**
**Mobile**
**£ 32.00**
**Equipment from fundraising**
**£ -**
**Toys from fundraising**
**£ 40302**|_Year to 31/08/2019_
**£ -**
_£ 629.01_
**£ 286.41**
_£ 287.79_
**£ 465.00**
_£ 510.00_
**£ 50.00**
_£ 122.48_
**£ 188.01**
_£ 141.00_
**£ -**
_£ -_
**£ 208.40**
_£ -_
**£ -**
_£_
_5,651.02_
**£ 1,197.82**
_£_
_7,341.30_
_£ 233.00_
_£ 528.75_
_£ 20.00_
_£_
_4,904.77_
_£ -_|_Year to 31/08/2019_
**£ -**
_£ 629.01_
**£ 286.41**
_£ 287.79_
**£ 465.00**
_£ 510.00_
**£ 50.00**
_£ 122.48_
**£ 188.01**
_£ 141.00_
**£ -**
_£ -_
**£ 208.40**
_£ -_
**£ -**
_£_
_5,651.02_
**£ 1,197.82**
_£_
_7,341.30_
_£ 233.00_
_£ 528.75_
_£ 20.00_
_£_
_4,904.77_
_£ -_| |---|---|---| |||_£_
_7,341.30_



| |**SS EXPENDITURE**|| |---|---| |**Tshirts/Gym Bags**|**£ 348.25**| |**Party and outings**|**£ 283.03**| |**Mobile**|**£ 32.00**| |**Equipment from fundraising**|**£ -**| |**Toys from fundraising**|**£ 403.02**| _£ 5,686.52_ **£ 1,066.30** |**SURPLUS**
**Fundraising Account B/f**
**Surplus(Deficit)**
**Fundraising Account as at**
**31-Aug-20**|**£ 131.52**
**£ 2,615.80**
**£ 131.52**
**£ 2,747.32**|_£ 1,654.78_| |---|---|---| |||_£ 961.02_
_£ 1,654.78_
_£ 2,615.80_| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to tho trusteosl mombers of Olney Pre School Charity On accounts for the year ended 31 August 2020 Charity no (if any) Set out on pages 34 I report to the trustees on my 8xamination of the accounts of the above charity {"the Trust'l for the year ended 31 August 2020. Responsibilities and As the charity trustees of the Trust. you ar8 responsible for the preparation basis of report of the accounts in accordance with the requirèments of th8 Charitiès Act 2011 ("the Act'}. 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 the applicable Directions given by the Chanty Commission under section 14515Kb) of the Act. I have completed my examination. I confim that no material matters hav8 come to my attention in connection with the examination which gives me ause to believe that in. any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with th8 a¢¢ounting records Independent examiner's statement I have no concerns and have come across no other matters in ¢onne¢lion with the examination lo which attention should be drawn in ord8r to enable proper understanding of the accounts to be rea¢hed. Signed: Dale: 251312021 Name: Miss Frances Louise Tock Relevant professSonal qualifiution{sl or body Irf any): Fellow Member of Association of Chartered Certified Accountants. Addr•s8: 26 Carey Way Olney MK46 4DR March 2021 Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief detsils of any items that the examinor wishes to disclose. March 2021 0kne¥p￿ Schoolcbaffty G¢htNiincorn*& EXpendIture￿(0￿fits lorthtyearto 31AwiNt2010 2019 Parent Fee5 Vouctr*rlees Barth Interest ieceryed IOM6 16.783 127.257 365 144.405 3•9 131J81 Le$5 eKpEndty WB8e5 Sr¥fl traini 5tJfl rneetlTh85 Rent of prern¢e3 Telephone 7 Intemet C05t5 Mlnistrntlona￿ AGM costs Consurnatdes & stati0I4Jry et 98.768 941 1254 $.120 SY) 2l4 3.156 467 2J70 8.120 551 255 L770 517 Ltsj Sundry Iixturts & ¢QnWirrf¢osrs PhatoeraFth5 Clt8nei SuThYry 01sted & D05fees Sub5crlptlon5 124 17S 2A57 S79 337 IJ7 243 243 118JJ7 117.327 17,078 sU￿lUS In tho ye•r E4uityr*nt £241.98 SEN Potent￿1 redurd•nr¥ro5t5 £W3.15 12.167 4A62 Balance bfwd Balanc• cl¥wd 21.414 36,315 41J( March 2021 Olney Pre School Charity Fundra￿1n£ In the yearto 31 Au8ilSt2020 2,020 2,019 Events held Sponsored pancake rdces Dicken5 TshSrts/Gym Bags 629 286 V055 irKorne rchase5 & cost 510 233 117 277 123 141 Cornmission on school photos Christmas raffle Tea Towels Donations 512 5.651 7,109 1.153 Less Party and outlngs/Fun Day Moblle khool equipment purchased Tea Towels TshlrtslGym Bags 283 32 529 20 4.9)5 403 1.022 132 2.616 2.748 5,454 1,655 961 2.616 Balance tr￿ught folward 8alance carrledforward SEN ACCOUNT Income frorn DAF Desl8nated transfer from Beneral twds 1.161 8.053 9.214 1,982 7.232 4.115 3,5 7,615 1,014 6,601 ExpendbtUTe on addltlonal staff1￿c0st$ Net rnovert*nt In year EYPPACCOUNT Incorne Empenditure on disaLfvanta8ed thlldrnn Net increase In funds held 1,237 717 520 1,491 1,401 March 2021 Olney Pre School Charity Balance sheet as at 31 August 2020 2020 2019 Current assets Bank deposit account Bank current account Cash held at year end 62.3C6 57.911 524 120,741 61.957 53.780 312 116,049 Financed bv Desi nated Reserves & Provision Potential redundancy costs Potential continuin8 Costs SEN EYPP 34.C#XI 38,(Kl) 3.646 1,142 76.788 34.IX 38.LKI) 4.466 622 77,088 General funds Fundraising General 2,748 41.206 120,742 2,616 36,345 116,049 March 2021