## **Trustees’ Annual Report for the period** **From 01/09/2022 To** ## **31/08/2023** ## **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|Provision of pre-school for children aged 2
to 4 years.| |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 regard to the
Charity Commission guidance on public
benefit in its decision-making.| ## **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 charity has continued to provide pre-
school services to the local community,
increasing the provision of dedicated
facilities to 2-year olds, and is an active
participant in the local community and
events.
Olney Pre School maintains an Ofsted
rating of ‘Outstanding’, last inspected in
2019.| ## **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 income received by the charity is
sustainable, and provides sufficient surplus
to ensure future volatility, stress and
uncertainty can be mitigated without
hindering the services we provide to our
community.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Surplus and reserves are held to cover
ongoing variable operating costs, additional
capex availability to maintain the required
standards of consumables, equipment and
facilities, and to provide a fund to cover
redundancy.| |Amount of reserves held|Para 1.22|£41,000 redundancy fund.
c.£45,000 operating capital.| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|No funds materially in deficit.| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|We are confident in Olney Pre School’s
ability to continue as a going concern
based on the financials and strategy of the
charity. This assessment is made with
regard to an independent assessment of
our accounts, and the treasurer’s analysis
of financials on an ongoing basis.| ## **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|Government funded nursery education
vouchers and parental 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|The principal risks facing the charity are:
•
Reduction in children enrolling for
attendance.
•
Reduction in the government
funding model for pre school
education.
Both risks would have the potential to harm
the charity due to eroding our income
against less controllable fixed costs.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|The charity constitution, based on the
model constitution of the Early Years
Alliance is agreed and adopted annually at
the charity annual general meeting.| |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 annual general meeting.| ## **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|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|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Edward Daynes|Chair|Fullyear|| ||Megan Bolger|Secretary|From Oct 2022|| ||Kate Purton|Treasurer|Fullyear|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |Corporate trustees–names of|the directors at the date the report was approved|the directors at the date the report was approved| |---|---|---| |**Director name**||| |None||| |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
held in this capacity|None| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|Not applicable| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|Not applicable| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** None **Name of chief executive or names of senior staff members (Optional information)** Abigail Chippendale – Supervisor and Setting Manager Anne Ball - Administrator ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details Not applicable ## **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)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Richard William Lea|| ||
Treasurer trustee|| ||28 June 2023|| ||28 June 2023|| OLNEY PRESCHOOL BAL*JICE SHEET AS AT 31.AuB43 CurrAntAEsots Oepo5rtAG￿￿l 47.837.29 71.111 94 25,$09.3S 335 20 144,593 78 c￿￿￿71 A¢wt Caprtal bm ReduDdè)ty Fund TBtms Running Costs (*8rabng Ca￿131 SEN biuughllor￿￿ EYPP brou￿tf(Th￿d FuK¥aslng Fund 41.000 00 47.750 00 44.96446 3.768 72 t43k £3 25k £1 Sk ¥￿Ie￿nY•￿90s ni eraleAPEn*s 2.81048 141.SN 16 Sutylu5 Icwprttty Costs) SuWus Ifuttha51ry1 Caprtal expendnur• ,774.90 3,585.19 144,SY3 78 SEN fundlno SEN t￿￿ght10￿va[d SEN Income SEN expendtht 3.332.76 11253 SEN 3.220.23 EYPP EfPP ￿oL¥hI lon¥¥d EfPP Iwe EYPP 0Xp￿1￿ £1.210.50 £1.745.51 -É2.381.76 EYPP b*Thc• £S74.2S OLNEY PRE4¢HOOL FVNOR•J8ING INCOME *I4D EXPENOMJREACCOUNT ASAT 31Av INCOME Sponw•d pwukp rx•• Dick•n Tshlrt*Gym 8•Ds 2 ichool Srthwl Photos P*cllke Race Cherry F*r Chri¥lmu rllffh) Labd ￿MmIsSIOn T•*towd* Donaiion 76602 335.03 661.00 12&00 170.06 W98 171&99 LESS EXPEMDrruRE TJhirt*lGym Bty* PartyJnd ouUn9$ Eguipmvnt Irorn fu￿dr*i#ing £ Toysfrorn lundr*•lng 610.7Q 457.24 1.21&5• 1814.01 8IIRPLUS 100.0# FundrnthlnB knountBlf Sury>luslD¢ficiti Fundrn*lno knountu ISIOAO 31thd43 l71OJ• {￿*VPHÉ￿¢moaL INGOUEAWEXPENDtruREXCQUNT*tsAT Jl Aulluat2D13 COME 1241 2243 16I55ao e 17.3W2V £ 134.50&3 &53QSJ SEN EYPP L74551 t £ 157JZ•Jll t I59./L￿al 225 £ 141425 Im•rnil 3229 £ I￿7&34 e 1SA13a30 t4143Y an76 È Z7&4 xyj AG Audhor r•) E 77&02 E 831.53 1.27& F￿tu￿5&FItll 3x97 E Jpmè EYPP•xp•r4h 39 È 2ST.43 i.IX2 017.16 E 167. 230 Phtsiottspi 67&01 E 31*97 È &171WJ È (0 E 2T5 R￿1 $2 l212.gjl 584.JT TÉlèph￿￿￿￿LyÈadf￿v￿ £ 57L￿ E J]95J7.11 E 119.567.53 37.5a È I￿>) E 2,881 77 E É 121.21Q S&4hou C**r ¥4¢ E 151.75U4 £ 14&4Y&IJ 14a1￿ 52 SURPLUSLFKtr ,7T4SP t ia72258 I7￿48 SEN fthd 7. 3JX15 £ JW19 t lQ722¥ OLNEY PRESCHOOL L*AeE SHEET AS AT 31.￿￿5 CurrAntABsqts OeposrtA¢¢¢uni 47,637.29 71.111 94 25,509 35 33S.20 144.5W3 78 Cash Flnanced by.'{01I09122) Caprtal brf R0dUnd￿ Fund Tems Running Costs iabng C¥tal SEN bloughlf￿￿3rd EYPP brou￿1 l(¥w*d Fund 41.000 00 47.750 00 44.g6446 3.768 72 1.210 50 2.810.48 £43k t3.25k ave iem)V4Ages Tollt g8naTal•xpro5 141,504.10 SutFAus Costs) SuiFlus lfvréiaslngl Caprtal @y￿d￿re 6,77490 1(A).09 3.585 19 144.593 78 gEN lundln SEN SEN SEN 3.332 76 112.53 SEN 3.220.23 EYPP EYPP lort¥&d EYPP ifvx￿e EYPP exp￿1￿ £1.210.9) £1.745.51 -£2.381.76 EYPP b*Trc• £S74.2S IIEY PRE4CHOOL FVNDR•JSING INCOME NJID EXPENorruREACCOUNT ASAT 3IAvtr23 INCOME Sponsarnd panuk• Di¢k*ns TBhlrt*Gym Ba Boy 2 schth)I Scknool Photo Pan¢ako Race ch￿rryF￿r Chrfstmas raff commis•lDn 76&02 338.03 661.00 IS1￿1 125￿0 170.05 504.91 Don*tion* LESS EXPENDrruRE TshlrtslGyrn Bag Party•nd Dutinys E4L4pmAnt frorn fuffldrnlikng f TO￿lT0￿ lundrai*ing 529.55 610.70 457.24 1.21&5 I81&00 8URPLU¥ lOQ.O• Fundraklng ￿coUntB{f SurpluslDoficitl F￿r￿￿￿nB kcount￿ 1810.40 31thd45 l710J• {￿*VPHÉ￿¢moaL INGOUEAWEXPENDtruREXCQUNT*tsAT Jl Aulluat2D13 COME 1241 2243 16I55ao e 17.3W2V £ 134.50&3 &53QSJ SEN EYPP L74551 t £ 157JZ•Jll t I59./L￿al 225 £ 141425 Im•rnil 3229 £ I￿7&34 e 1SA13a30 t4143Y an76 È Z7&4 xyj AG Audhor r•) E 77&02 E 831.53 1.27& F￿tu￿5&FItll 3x97 E Jpmè EYPP•xp•r4h 39 È 2ST.43 i.IX2 017.16 E 167. 230 Phtsiottspi 67&01 E 31*97 È &171WJ È (0 E 2T5 R￿1 $2 l212.gjl 584.JT TÉlèph￿￿￿￿LyÈadf￿v￿ £ 57L￿ E J]95J7.11 E 119.567.53 37.5a È I￿>) E 2,881 77 E É 121.21Q S&4hou C**r ¥4¢ E 151.75U4 £ 14&4Y&IJ 14a1￿ 52 SURPLUSLFKtr ,7T4SP t ia72258 I7￿48 SEN fthd 7. 3JX15 £ JW19 t lQ722¥ CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to th8 trustsesl m•mb6rs of Olney Pre School Charty On accounts for tho yoar ended 31 August 2023 Charlty no (if any} Set out on pages I r8port to th8 trustees on my examination of the accounts of the above charity I'lhe Trusl'l for ihe year ended 31 August 2023. Responslbllltlos and As the chadty truslees of the Trust, you are responsib￿ for the prep8ration basls of report of the accounts in accord8nce wrth the requirements of the Charit185 Act 2011 {Ihe ACV'I. I reFK)rt in respect of my examination of the Trust's accounts carried out under Section 145 of th8 2011 Act and in carrying out my examination, I have folk)wed Ihe applicable DI￿￿on$ given by the Charty Commission under section 14515Xb) of the Act. I have completed my examination. I Confi￿ that no material matters have come to my attention In connection with the examination which gives me cause to believe that in, any material respect- accounting records wore not kept in accordance with section 130 of the Aci or tho acwunts do not accord with the accounting records Independent oxaminerfs statement I have no concerns and have coma across no oth8r matters in connection with the examination to which attention shoukl be drawn in order to enab16 a proper understanding of the accounts to be r8ached. Signed: Date: 251612024 Nam0: Miss Fran¢e$ Louise Tock Relevant professlonal quallfication(s) or body (rf any): Fellow Member of Association of Chartered Certified Accountants. Addross: 26 Carey Way Olney MK46 4DR Section B Disclosure Only complete rf the examiner needs to highlight matters of concern (see CC32, Indewdent examlnallon of charity accounts: directions and guidance for exarniner51. Give here brief dolails of any Items that the examiner wishes to dlseloso. ot1￿Prtsthe￿)IChlV4ty 6eneraifntome& Exp¢NlknreA¢Coyhtsi•Ft￿¥¢artr*JlAug￿tlol3 %)22 P•r•ntF*$ VDucherfEe5 8anklrtsristAc•lvod 16,855 138,523 17.380 134SOS 32 1SLg18 6,783 Le55exppDdtture Wases $18ff trginlhs stsff meetlny RQnt0f￿rn￿05 Telephone 7intun2t costs dm1ntstration arNI AGM cDsts COD5urnak4es&5tatyo￿ryetC Photocopiercosts sU￿ryli￿vIeS& cornwtin8tosts IM￿rInCe p￿￿ph$ ¢￿a￿er Malntenance n¢ryitems Ofsied & D￿lee$ Subscriptlons I19￿37 c 671 119568 c 1.792 .173 d 9,041 d 369 3a63 676 423 847 320 302 3AklS 243 821 31? 953 323 266 282 167 ZS3 148995 139,gS5 IL963 SurE4us Intheyear Lèss E4LipmEm expenthbJre ALk)tatkW of fuThls to.. Copex Potentlal rethJTrJanryco5t5 Awnkngc¢$ts £263.88 210 £3585. 2mO io 9,753 SI￿3 61356 3,938 6¥356 65294 8alaniE btwd 8alanc•cf Olney Pre School Charfty Fundroiskng In theyearto 31 Augwt 2022 2,023 2.022 Event5 held Sponsored pancake races Dlckens Tshirts/Gym Ba85 766 726 416 335 gross income purchases & Cost 661 530 413 513 131 152 125 170 loo 291 94 257 Cofflmission on school phc*tos Christmas raffle Tea Towe15 Labèl tommislons Donatlons 505 2,184 370 2,053 Less Party and outin8slFun Day Mobile School equiprnent puichased Tea Towels Toy5 from fundralsing T5hirtslGym Ba85 611 862 457 211 1,217 917 2,285 loo 2,782 2,682 63 2.719 2,782 Balance brou8htforward Balance carrledfon¥ard SEN ACCOUNT Income from DAF Deslgwted transfer frorn general l￿d5 5.531 5.531 5.095 436 Expenditure on addition81 staffing costs Net movement In year 113 113 EYPP ACCOUNT Income Expenditure on disadvantsged children Net Increase in funds held 1,746 2382 636 1,690 534 Okney Pre School Charity Balance sheet as at 31 Au8U5t 2023 2023 2022 Current assets Bank deposlt account Bank current account Bank Savln8s accourt Cagh held at year end 47,637 25,509 71,112 335 144.594 87.345 53,276 141.504 Financed by Desi ated Reserves & Provision5 Potentlal redundancy costs Potentlal contlnuing tosts SEN EYPP 38,750 44,750 3,656 962 88,118 38.750 44,750 3.769 1.598 88.867 General funds Fundrabin8 General 2,682 53,794 144594 2,782 49.856 141,504