Trustees’ Annual Report for the period
From 01/09/2024 To 31/08/2025
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’, following inspection in April 2025. The previous rating was also ‘Outstanding’ at the prior inspection 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 | £51,500 redundancy fund. £62,257.98 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 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Simon Bolger | Chair | |||
| Megan Bolger | Secretary | |||
| Richard Lea | Treasurer |
– Corporate trustees names of 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 None held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| 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 Lea | ||
Treasurer, Trustee |
||
| 25/05/2026 | ||
| 25/05/2026 |
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlner's report on the accounts Sectlon A Indepe1ent Exminer'J Report R•port t¢ tho trust••&l MOMrn of Olrffji Pr8 School Charty On •ceount• for th• y• •nd•d 31 Augugl 2025 Chrfty no Ilf •nyl 8•t I¢ wg•• I report to tho Iru8t8è5 on my examlnatknn cl the bccounts Of1 8b)ve ¢h81ity (Ihe Trust") for the year eThJed 31 August 2025. R••poMlbllStlM and A8 Ihe choflty Iru8teeB ol the Trusl. you arn re8pSIbl& knr ba818 of r•port of tha 8CLounts In accffllanco wlth the wuirgmgnts of the Charlties Act 20111'11* Prfl. I feF4)rt re8pect of my exaMInat)n ofth• Tru8t'8 8cccun18 ¢wried oul under S11)n 145 of the 2011 Act carrylw ¢xrt my exarnlnalth, I hgvg followod tho opplicabb DlrgGlon8 glvon by the Charity Comml88k)n under socllon 1451511bl of the Act. I have Cc4nplel my examln8llon. I confimi Ih&t M rtwtortgl matt•rn h8v• ¢om8 lo my 8ttantlon In con1Cl10n wlth oxamknallon whlch 9lve8 me ¢#U8e to believe that In, #ny matsrbal resF•CI'. Accounllrv4 record8 warè Th)t kept In accordar wlth 8eclk)n 130 thè Act or the account$ do r•)t accord wllh thg accounllTrJ roc4)rd8 Ind•pondont •Xomln•rf• •tat•m•nt I have no concoms orKI have como no olhgr mattern In g)nnedlon with the axamlnall¢Jn lo attèntl¢)n Should drawn In order lo enablo 0 proFW ufKler8tandlng of thg wxourt8 lo be reach. 819n•d: Dat•: 214128 N•m•: MbB¥ Frarv8 L¢Julse T¢ R•l•v•nt wolM•lon•l qu•lffl¢•llorf•l or body (If anyl: Folhyw Membgr of Asscdauon of Chartorod Cortwknd Awiuntsnt8. AddvM•: 28 Corey Way Olney MK46 4DR
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