2020-08-31-accounts

Trustees’ Annual Report for the period

From 01.09.2019 Period start date To 31.08.2020 Period end date

Charity name: GARRAS OWLETS PRESCHOOL Charity registration number: 1124305

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To enhance the development of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups and by; a) offering appropriate play, education and care facilities, family learning, together with the right of parents to take responsibility for and to become involved in the activities of such groups, ensuring that such groups offer opportunities for all children whatever their race, culture, religion, means of ability; b) encouraging the needs of such children and their families and promoting public interest in and recognition of such needs in the local areas. c) instigating and adhering to and furthering the aims of the Preschool **Learning Alliance. **
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identifiedinthe accounts.	Para 1.17 and 1.19	Garras Owlets Preschool was established as a response to falling rolls in the school, and to address the need locally for preschool education. It is licenced by Ofsted to take up to 20 children from 2 **years to statutory school age. **
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 guidance issued by the Charity commission on public benefit.

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	In 2019-20 Owlets continued its morning sessions Monday to Friday 8.45 – 12, plus Lunch clubs daily from 12-1pm. Afternoon sessions on Monday, Tuesday, Wednesday and Friday. Staff levels were maintained, training needs were closely monitored and course attended were required. Close co-operation continued with Garras Primary School ensuring a smooth transition for pupil into the reception class. Other pupils left well prepared for other local schools. This was particularly important given the disruption caused by the global pandemic. Owlets was judged as outstanding by Ofsted in all areas in March 2015. Made the choice to register as a provider of 30 hours funding from September 2017 for eligible working families.

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	Para 1.41

set
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	There is a surplus at the end of the period.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The management committee recognises that attendance at Owlets is cyclical. At the end of each academic year a number of funded pupils leave to enter primary school and are replaced by younger non- funded pupils. Younger pupils (2 and 3 years) require a higher staff/pupil ratio of 4:1. Funded children (3+) require a 8:1 ratio. Numbers are always lower in September (the start of the year) and build up as we go through the year. It is necessary to have a financial reserve to support with low-earning period.
Amount of reserves held	Para 1.22	There are reserves of £2000.
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	Government funding of preschool places does not cover the costs of providing them. Garras Owlets remains financially viable due to; • Firm control over staff/pupils ratios i.e. no over staffing • Non- funded payments supplementing some of the shortfall. • Continuous fundraising throughout the year. • The primary school providing the premises and utilities free of charge.

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	Volunteers elected by the management committee

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	GARRAS OWLETS PRESCHOOL
Other name the charity uses	GARRAS OWLETS
Registered charity number	1124305
Charity’s principal address	c/o GARRAS CP SCHOOL ST KEVERNE ROAD MAWGAN HELSTON TR12 6AY

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)
	Mrs S Williams	Chairman		The Committee
	Mrs P Nicholas	Treasurer		The Committee
	Mrs L Williams	Secretary		The Committee
	Mrs B Abingdon			The Committee
	Mrs L Lugg			The Committee
	Mrs R Nisbet			The Committee
	Mrs K Pryor			The Committee
	Mrs S Wroe			The Committee
	Mrs J Kettle	Asst Secretary		The Committee
	Mrs N Williams	Asst Treasurer		The Committee
	Mrs G Ely			The Committee
	Mrs C Savage			The Committee

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

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

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 Thè tNstees d￿laTe that th8y have approved the trustses, report above. Slgnad on behalf of th• ¢harfty'a trustses Slgnatur8181 Full namdsl Position leg Secrthary. Chalr, etcl Mr5 S Williams Pat Nicholas Chair Treasurer 1.4.21

GARRAS OWLETS PRESCHOOL
Profit & Loss Account
for the 12 monthperiod ended 31/08/2020
Income
Funded Places		£58,627.52
Non Fundedplaces		£3,506.46
Registration fees		£0.00
Interest		£0.00
Collection box		£0.00
Match Funding		£0.00
Fundraising		£783.80
Other Donations		£477.71
					£63,395.49
Less: Costs
Staff Costs			£45,069.62
Payroll fees			£437.76
Bank charges			£98.65
Overdraft fee			£0.00
Ofsted fees			£0.00	£45,606.03
General expenses:
SundryEquipment	£388.68
PlayEquipment	£1,120.05
PlayConsumables	£175.99
Stationery	£116.34
Postage	£10.03
Sundrymedical	£57.14
Cleaning	£130.44
Garden	£0.00
Other expenses	£755.23
DBS Check	£0.00			£2,753.90
PettyCash			£0.00
PLA membership			£665.93
PLA Public liabiltyins			£0.00
PLA Out of School Club ins			£0.00
				£665.93
					£49,025.86
Net Surplus (Deficit) forperiod					£14,369.63
				Bank O/B	23,162.09
				Surplus	14,369.63
				Bank C/B	37,531.72

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteosl ' members of QrtRQAs OiJJQT3 31/ot/ao20 On accounts for the year ended Charity no Ilf any) Set out on pages Respectlw The charitYs trustees are responsible for the preparation of the accounts. ra8ponslbllltles of The ¢harity's trustees consider thal an audit is not required for this year trusle•s and examiner under section 144 of the Charit•es Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Acl. to follow the procedures laid down in Ihe general Directions given by the Charity CommissN)n (under section 145(5Xb) of the Charities Act. and to state whether particular matters have come to my attention. Basls of Independent My examination was ¢anied out in aC￿rdance wilh general Directions given 0xamlng￿s statamènt by the Charity Commission. An examination indudes a review of the acmunting reths kept by the tharity and a Comparison of the arx¢)unls presented wth those records. It also includes consideration of any unusual items or discbjsures in thè accounts, and seeking explanations from the tnjstees concerning any su¢h matters. The prO￿dureS undertaken do not prowde all the evidence ttbal would be required in an audit. and consequently no opinion is given as to whether Ihe accounts present a 'true and fair, view and the report is limited to those matters set out in the statement bathv. Independent In connedion with my examination, no material matters have come to my examinerfs statement attention (other than that disckjsed below ') wthich gives me cause to believe Ihat in, any material respecl,: the accounting records were not kept in accordance with section 130 of the Charities Act: or the accounts did not accord with the accounting records,. or the accounts did nol comply with the applicable requirements corbcemirKJ the fom and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, wew which is not a rnatter considered as part of an independent examination. I have have come across no other matters in conneclion with Ihe examination to whith allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . Please delete the wiyds in the iyackets rfth8y (lo not apply. Slgned: Datè: IER Decamber 2017

Nam•: riies C . Relevant prof•ssional qUallfirAtlo￿8) or body (If any): Address: 2 fLEGELLkST PfvRc PD. Section B Disclosure Only complete rf the examiner needs to highlight matters of concern (see CC32. Independent 8xamination of charity accounts.. d1￿CtionS and guidan￿ for examiners). IER De￿mber 2017

Give hore details of any Items that the examiner wishes to disclose. IER Dacember 2017