## **Trustees’ Annual Report for the period** **From 01/09/2023 To** ## **31/08/2024** ## **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.
Note that this rating was also awarded in
April 2025 following an Ofsted inspection,
prior to this report’s filing, but after the
reporting period.| ## **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|£51,500 redundancy fund.
c.£38,400 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|**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 preschool
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|Unincorporated body in membership of the
Pre-school Learning Alliance.| |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)**| |---|---|---|---|---| ||Simon Bolger|Chair|From Oct 2023|| ||Megan Bolger|Secretary||| ||Richard Lea|Treasurer|From Oct 2023|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |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 ~~OC~~ **Other optional information** ~~Oo~~ ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Approved at Committee 7[th] May Richard Lea **Full name(s)** Simon Bolger **Position (eg Secretary,** Chair Trustee Treasurer **Chair, etc) Date** 07 May 2025 ~~—_—~~ OLNEY PRE.SCH(K)L BALANCE SHEET AS AT 31AugQ4 Curreni Assets Deposit Account Nationwide Business Samngs Current Account Cash 48.137.17 74.054.62 46.722 95 602.69 £ 169,517.43 Flnanced by:101109n31 Capital bff Redundancy Fund Temis Running Costs Operating ca￿al SEN tKought forward EYPP broughl forward Fundraising Fund £ 51.500 00 £ 47.750.00 £ 38.402.95 3.656.19 574.25 2.710 39 £43k £3.25k £1.Sk e terrn wage5 rent general expenses 144.593.78 SurF4us (Operating Costs) SurtAus lfvndraisin91 Caprtal expendrture 28.862.84 310.15 3.629 04 £ 169.517 43 SENIDAF funding SEN brought forward SEN income SEN eX￿nditUre 3.656.19 88100 753_31 SEN balance 3.783_88 EYPP EYPP brought forward EYPP income EYPP expenditure £574 25 £3.453 45 -£2.202.37 EYPP balance £1.825.33 (NB £857.48 (Nerpaymentl OLNEY PRE.SCHOOL FUNDRAI SING INCOME AND EXPENDITURE ACCOUNT AS AT 31AugQ4 INCOME Sponsored pancake races Dickens TshirtslGym Bags Bag 2 school School Photos Pancake Race Cherry Fair Chris￿a$ raffle Label commission Tea towels tknnations 948.57 318.64 926.50 367.30 181.IXI 79).IXI 3.696.91 LESS EXPENDITURE TshirtslGym Bags 1.075.25 Patty and outing5 630.32 Equipment from fundraising £ 1,072.86 Toys from fundiaising 1228.fa 4.￿7.06 SURPLUS 310.15 Fundraising Account Blf Surplu4Deficitl Fundraising Account a$ at 2.710.39 310.15 2.400.24 31AugQ4 INCOME AND EXPENDITURE ACCOUNT AS AT 31 August 2024 Acwal 2M4 INCOME Parent Fees Nursery Education Funding SENIDAF fundlng EYPP 23Q4 22-23 22-23 38.327.50 £ 16,855.30 171.793.79 £ 138.523.20 881.00 £ 3.453.45 £ 1. 745.51 214,455.14 £ 157, 124 01 Bank Interest 3,442.56 £ 1.404.33 217.898.30 £ 158,528.34 LESS EXPENDITURE Admin Exp AGM Audttow Bank Charges Consumables- f￿1 Equipment Fixtures & Fittings Group Mem EYPP expenditure Insurance Maintenance OlstedlDBS 282.28 £ 323.28 Photocopior 673.79 £ 676.04 Computers -39 £ 2188 Photos 482.17 £ 319. 97 Rent ,(XKI.04 £ 8.172 83 SENIDAF expendi￿re 713.95 £ 75.03 Sta￿onery. crat cleanlng £ 3,134.51 £ 2,597 04 Telephone and broadband £ 783.39 £ Training 1,373.27 £ 67130 Wages £ 163.092.70 £ 129.&17.28 SEN hours 39.36 £ 3150 Cleaner 4,914.31 £ 3.c￿l9.30 Misc 334.69 £ 328. 77 228.88 £ 9.10 £ 328 76 40.28 24 140.10 £ 16.11 £ TT6 02 303.93 £ 263.88 520.94 £ 394 97 287.82 £ 266.39 2,202.37 £ 2.381.76 88J.50 É 847.26 189,035.46 £ 151, 7&144 SURPLUSIDEFICIT 28,862.84 £ 6. 7T4 g CAPITAL EXPENDITURE 2 year old room Playground 931.76 £ 3,595 19 2,637.28 £ 3.629.04 £ 3.585.19 OVERALL SURPLUSIDEFICIT 25233.80 £ 3.189.71 OLNEY PRE_SCHOOL INCOME AND EXPENtwtURE ACCOUNT AS AT 31 August 2024 Actual INCOME Parent Fees Nursery Education Funding SENIDAF funding EYPP 11,324.50 69,932.91 2,075.55 762.28 82,570.68 Bank Inleresl 1,201.82 83,772.50 LESS EXPENtMTURE Admin Exp AGM Audrtor Bank Charoes Consumables - food Equipment Fixttires & Fitlings Group Mem EYPP expendiiure Insurance Maintenance OfstedlDBS Photocopier Computers Photos Rent SENIDAF expenditure Stationery, crafL cleaning Telephone and broadband Training Wages SEN hours Cleaner Misc 64.62 60.78 371.13 37.82 13522 £ 1,038.39 140.73 162.60 8.39 206.43 £ 1666.68 125.11 972.43 263.17 760.64 £ 57,955.30 12.48 £ 1,668.TT 308.39 66,959.08 SuRpLUSIDEF￿ 16.813.42 CAPITAL EXPENt)ITURE 2 year old room Playoround 1020 1020 OVERALL SuRPLUsIDEF￿ 16,80322 OLNEY PRE-SCH(X)L FUNDRAISING INCOME AND EXPENDITURE ACCOUNT AS AT 31 August 2024 INCOME Sponsored pancake races Dickens TshirtslGym Bags Bag 2 school School Photos Pancake Race Cherry Fair Chtistmas raffle Label commission Tea to*EIs Donalions 278.18 496.50 168.(M) 942.68 LESS ExPEND￿uRE TshirtslGym Bags Party and outsngs Equipment from fundraising £ Toys from fundraising 484.75. 126.90 500.39 1,112.04 SURPLUS 169.36 Fundraising Account Bn Surplus{Deficit) Fundraising Account as at 2,400.24 169.36 2230.88 314Aay_25 OLNEY PRE_SCHOOL BALANCE SHEET AS AT 31 August 2024 Current Assels Deposit Account Nab'onwiae Business Samngs Current Account Cash 48,305.07 75,088.54 62.153.78 603.90 £ 186.151.29 Financed by:(01109123} Capital t) Redundancy Fund £ 51.500.00 Terms Running Costs £ 47.750.00 Operaknng Caprtal £ 62.257.98 SEN broughtforward 3.783.88 EYPP broughlfoNard £ 1,825.33 Fundraising Fund 2,400.24 £ 169.517.43 Surplus (Qperakn'ng Costs) Surplus (fijndraising) Capital expenditure 16.813.42 169.36 10.20 £ 186.151_29 SENJDAF funding SEN brought forward SEN income SEN expenditure 3,783.88 £ 2,075.55 137.59 SEN balance 5,721.84 EYPP EYPP brought forward EYPP income EYPP expendrture £1,825.33 4762.28 -£1.038.39 EYPP balance £24.66 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Olney Pre School Charty On accounts for tho year ended 31 August 2024 Charity no {rf any) Set out on pages 34 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 31 August 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the acwunts in acGordanGe with the requirements of the Charities 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 Charty Commission under section 145(5)(b) of the Act. I have completed my examination. I confinn 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 were not kepl in accordance with section 130 of the Act or the accounts do not aGcord with the accounting records Independent examiner's statement I have no concems and have ￿rne across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgnod: Date: 2814125 Name: Miss Frances Louise Tock Relevant professional qualification(s) or body (If any): Fellow Member of Association of Chartered Certrfied A¢countsnts. Addres5: 26 Carey Way Olney MK46 4DR Section B Disclosure Only complete rf the examiner needs to highlight matters of concern (see CC32, Indepandent examination of charity accounts: directions and guidance for examiners). Give here brlef details of any items that the examiner wishes to discloso. Olney Pre S¢hoot Charlty General Income & ExpenditureAccounls fortheyearto31Augusl 2024 2024 2023 Parent Fees v￿cher fees Bank Interest 38,328 171,794 16,855 138,523 213,564 156,783 L8ss ewditure 163,093 1.373 129,537 671 Stsff training Slaff nEelings Rent of premises Tewne 7 internet Costs Adminlstralon and AGM costs Consumbkn & ststi(mary etc PhotC¢OPi8r costs Sundry fi>knres & conputirg costs Irbsurance Photcgrapths 8.000 783 238 4.041 674 529 8.173 664 369 3,363 676 423 320 3,009 4,914 Maintenance Sundry [t￿r6 Cffst8d & DBS f888 Subscriptions Bank Charges 335 282 353 323 266 140 - 185,776 27,788 -148,995 7,788 Surplus in Ihe year EquiprrEnt e￿￿￿tUre Alk)cation of funds to.. £303.93 264 £3,629.04 3,585 Potential redundancy costs Fknning costs 23,855 3,938 61,356 Balance b￿1 Balance ctsrl 89,149 Olney Pre School Charlty Fundraising inthe yearto 31 August2024 2024 2023 h8ld S[K)n￿red pancake races Dicken8 TshIrts1￿M Bags 949 319 766 335 gross incom8 purchases & cost 927 1.075 661 5x1 149 367 181 205 131 152 125 170 cOn￿lS$10n on s¢1￿1 Fkntos Chrisknas raffle Tea Towels Label comnTsiMs Donalions 750 2,622 505 2,184 Less Party and ou11ng￿Fun Day M)blla School purchas Tea Towels Toys from fundraigng TshirtslGym Bags 611 1.073 457 1.229 1.217 2,932 310 2,682 2.372 2,285 100 2,782 Balance brought foTwd Balance carried fornFrd SEN Acccuwr IncorTE from DAF Designated transfer from general fuTKIs E4)endibJre on additional &affing costs rr￿ffEn1 In year 753 128 113 113 EYPP Acc¢￿ Incorr EX￿dI￿lre on disadvantaged children increase in furKls held 3.453 2.202 1,251 1,746 2,S92 Olney Pre School Charfty Balance sheet as at 31 August 2024 2024 2023 Current assets Bank deposit account Bank currerrt aGGount Bank Sa)tirvJs account Cash hebj at year end 48.137 46.723 74.055 603 169.517 47.637 25,509 71.112 335 144.594 Financed by Pot8nlial redUnd2￿Y costs Potenlial continuing costs SEN EYPP 38,750 44,750 3,784 2,213 89,497 38,750 44.760 3.856 88.118 neral funds Fundraising General 2,372 77,649 169,518 2.882 53.794 144,594