2022-03-31-accounts - Oscars

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ annual report (including Directors’ report) for the period

From: 1 April 2021 To: 31 March 2022

Charity name: OSCARs

Charity registration number: 1133716

Company number:

Objectives and activities

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Charity's objects are 3.1 To provide the necessary facilities for the daily care, recreation and education of children of primary school age outside school hours and during school holidays. 3.2 To advance the education and training of persons in the provision of such care, education and recreational facilities.
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	Provision of childcare for children of primary school age.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	OSCARs trustees, in making decisions about our activities have had due regard to the commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Additional information (optional)

You may choose to include further statements where relevant about:


	SORP reference
Policy on grant making	Para 1.38


Policy on social investment including program related investment	Para 1.38


Contribution made by volunteers	Para 1.38
Other

Achievements and performance

Summary of the main Para 1.20 ACHIEVEMENTS FOR 2021-22 achievements of the charity, identifying the The year 2021-22 has been been a very difference the charity’s difficult one for Oscars. Following a long work has made to the drawn out suspension and disciplinary circumstances of its process of our manager, we hired in beneficiaries and any house and promoted a supervisor. wider benefits to society as a whole. The new manager is now finding her feet and we’ve managed to get back up to appropriate levels of staffing for the setting after being severely understaffed. We have invested in new equipment for the children including scooters and safety equipment for use by the older children. We have joined an HR company who offer advice and material for a monthly fee in order to fill gaps within the committee.

OSCARS is now also registered as a CIO with Charities Commission and the Committee is in the process of registering this entity with OFSTED. This was put on hold following our issues with Oscars management on the advice of Ofsted due to the many changes we had to make. We hope to continue with the process this year to transition over to these CIO governance structures. Priorities for 2022 We are still drafting a 5 year business plan for OSCARS which will set out its strategic objectives and will incorporate plans to make improvements to the Building and eventually for a replacement new building. This year we will be investigating funding to make the Oscars building more environmentally friendly and efficient as well as towards a full building replacement. A revised Diocese agreement between OSCARS and FCCE Governors was signed maintaining access for OSCARS to use its current grounds and building in co-operation with the School. OSCARS committee will hold fundraising events during the year to continue to help cover our contribution to the renovation of the Bark Area play equipment.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Achievements against objectives set
	Achievements against objectives set	Para 1.41


Performance of fundraising activities against objectives set	Para 1.41	OSCARS committee will be fundraising over the coming years to cover the costs of a £5k contribution to a larger installation of play equipment at FCCE school in summer 2021.


Investment performance against objectives	Para 1.41
Other

Financial review


Review of the charity’s financial position at the end of the period	Para 1.21	Income– Income for 2021-22 has risen to £122,581 which is due to a return to normal following the pandemic although we are still lower on playscheme numbers than previously. Expenditure. Expenditure rose to £120,701 mainly due to an increase in staffing to meet the needs of Oscars A net surplus of £1,725 was recorded for FY 2020- 21. The cash position at OSCARS has improved during 2021-22 as child numbers have recovered slowly during the year and fee income has improved and become more stable. We are hopeful that 2022-23 will increase our surplus slightly although with rising energy costs we feel this will be modest.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
Amount of reserves held	Para 1.22
Reasons for holding zero	Para 1.22


reserves
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	Sources of revenue in the form of parents’ fees are reviewed every year and increases of 4% were made in session prices from September 2022.
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: for example, trust deed, memorandum and articles of association etc	Para 1.25	Constitution
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	Unincorporated Association
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	The Charity in general meeting shall elect the Management Committee Officers and the other Trustees.

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	OSCARS
Other name the charity uses
Registered charity number	1133716
Charity’s principal address	The Terrapin Frampton Cotterell C of E School Rectory Road Bristol South Gloucestershire

Names of the charity trustees who manage the charity


Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Rebecca Russell	Chair	Appointed 2021 AGM
Vacant	Vice Chair


Vacant	Treasurer
Elisa Allen	Vice-Treasurer	Appointed 2021 AGM
Rachael De’Ath	Buildings Manager	Appointed 2017 AGM
Gina Williams	Safeguarding officer	Appointed 2022 GM
Hannah Hornig	FCCE Head Teacher representative	Appointed 2021 AGM
Nicola Kumi	Secretary	Appointed 2020 AGM



Sharon Fifield		Appointed 2021 AGM
Alison Sullivan		Appointed 2021 AGM

11 12

18 19 20

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

Director name

Name oftrusteesholding title to property belonging to the charity	Name oftrusteesholding 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 adviser Name Address

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 company has taken advantage of the small companies’ exemption in preparing the

report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Full name(s) Rebecca Russell Rebecca Marie Russell Position (for example Secretary, Chair, etc) Chair	Signature(s) Full name(s) Rebecca Russell Rebecca Marie Russell Position (for example Secretary, Chair, etc) Chair	Signature(s) Full name(s) Rebecca Russell Rebecca Marie Russell Position (for example Secretary, Chair, etc) Chair	Signature(s) Full name(s) Rebecca Russell Rebecca Marie Russell Position (for example Secretary, Chair, etc) Chair	Signature(s) Full name(s) Rebecca Russell Rebecca Marie Russell Position (for example Secretary, Chair, etc) Chair
	Rebecca Russell		Chair
	Rebecca Marie Russell

Date

26th January 2022

Oscars Registered Charity 1133716

Statement of Financial Activities Year Ending 31st March 2022

The following accounts have been prepared in accordance with the Statement of Recommended Practice (SORP) issued by the Charity Commission to comply with the Executive Committee's obligations as the trustees of the Charity for keeping accounting records

	2022	2022	2021	2021
	£	£	£	£
Income
Fees	119,629		58,042
HMRC Job Retention Grant	1,452		0
Discretionary Restart Grants	1,500		0
Grant Funding	-		25,572
Charity Donations	-		60
Bank Interest	-		67
Total Income		122,581		83,741
Expenditure
Payroll Costs		98,468		94,935
Electricity & Water		1,409		1,621
Insurance		914		856
Telephone, TV & Internet		382		1,394
Postage, Printing, Stationary & PR		455		418
Food & Refreshments		4,648		2,654
Craft & Play Equipment		844		624
Non Capitalised Equipment		4,950		-
Repairs & Renewals & Furniture		1,738		1,994
Professional Fees		1,083		-
Accountancy Honorarium		100		100
Subscriptions, Training & Fees		3,589		3,009
Bank Fees & Charges		137		112
Cleaning, Clothing & Sundries		1,984		1,738
		120,701		109,455

Total Expenditure		120,701		109,455
Depreciation		155		151

Total Expenditure Inc Depreciation		120,856		109,606
Net Surplus (Deficit)		1,725		(25,865)
Cash & Bank Balances B/Fwd		112,757		138,622
Total Funds		114,482		112,757
Funded By:
Current Accounts		47,141		45,283
Savings Account		67,341		67,319
Fixed Assets		-		155
		114,482		112,757

Notes to the Accounts

The accounts are prepared on a receipts and payments basis and no account has been taken of accrued/ prepaid income or expenditure

Independent Examiners Report to the Trustees of Oscars

Respective responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities 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 Act
.	to follow the procedures laid down in the general Direction
.	given by the Charity Commission (under section 145(5)(b) of the
.	Charities Act) and
.	to state whether particular matters have come to my attention

Basis of independent examiners statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in in audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below,

Independent Examiners Statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that in, any material respect, the requirements to keep accounting records in accordance with section 130 of the Charities Act to prepare accounts which accord with the accounting records and comply with the with the accounting requirements of the Charities Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Date:

Oscars Registered Charity 1133716

Statement of Financial Activities Year Ending 31st March 2022

	2022	2022	2021	2021
	£	£	£	£
Income
Fees	119,629		58,042
HMRC Job Retention Grant	1,452		0
Discretionary Restart Grants	1,500		0
Grant Funding	-		25,572
Charity Donations	-		60
Bank Interest	-		67
Total Income		122,581		83,741
Expenditure
Payroll Costs		98,468		94,935
Electricity & Water		1,409		1,621
Insurance		914		856
Telephone, TV & Internet		382		1,394
Postage, Printing, Stationary & PR		455		418
Food & Refreshments		4,648		2,654
Craft & Play Equipment		844		624
Non Capitalised Equipment		4,950		-
Repairs & Renewals & Furniture		1,738		1,994
Professional Fees		1,083		-
Accountancy Honorarium		100		100
Subscriptions, Training & Fees		3,589		3,009
Bank Fees & Charges		137		112
Cleaning, Clothing & Sundries		1,984		1,738
		120,701		109,455

Total Expenditure		120,701		109,455
Depreciation		155		151

Total Expenditure Inc Depreciation		120,856		109,606
Net Surplus (Deficit)		1,725		(25,865)
Cash & Bank Balances B/Fwd		112,757		138,622
Total Funds		114,482		112,757
Funded By:
Current Accounts		47,141		45,283
Savings Account		67,341		67,319
Fixed Assets		-		155
		114,482		112,757

Notes to the Accounts

The accounts are prepared on a receipts and payments basis and no account has been taken of accrued/ prepaid income or expenditure

Independent Examiners Report to the Trustees of Oscars

Respective responsibilities of Trustees and Examiner

It is my responsibility to:

.	examine the accounts under section 145 of the Charities Act
.	to follow the procedures laid down in the general Direction
.	given by the Charity Commission (under section 145(5)(b) of the
.	Charities Act) and
.	to state whether particular matters have come to my attention

Basis of independent examiners statement

Independent Examiners Statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that in, any material respect, the requirements to keep accounting records in accordance with section 130 of the Charities Act to prepare accounts which accord with the accounting records and comply with the with the accounting requirements of the Charities Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Date: