2021-08-31-accounts

Trustees’ Annual Report for the period

From 01/09/20 To 31/08/21

Charity name: Lake Street Nursery and Pre-School CIO

Charity registration number: 1174863

Objectives and Activities

SORP reference	SORP reference	SORP reference
Summary of the purposes of the charity as set out in its governing document Para 1.17 As set out in our governing document, the charity works for the public benefit having as its objects the development and education of children and young people in particular by:
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 (1) promoting their care and safety; (2) promoting their education and promoting parental involvement; (3) promoting their health and wellbeing; (4) providing services to support them and their families and carers; (5) providing services to individuals holding membership of the CIO; and (6) furthering the aims of the Pre-school Learning Alliance.
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
Policy on grant making	Para 1.38	n/a
Policy on social investment including program related investment	Para 1.38	n/a
		n/a
	Para 1.38
Contribution made by
volunteers

Other

Achievements and Performance

SORP reference Summary of the main Para 1.20 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.

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||||| |---|---|---|---| |Our core work is providing high quality early| |years education to 2-4 year olds residing in| |the local community. In 2020-2021, our offer| |was for up to 30 hours per week during term| |time. The majority of our children have| |government funded places and the majority| |of our income comes from government| |funding for these children.| |Numbers on roll this year were as follows| |(2019/20 figures also provided for| |comparison):| |2020-|2 year|3+ year|TOTAL| |2021|olds|olds| |Term|||29| |1/2| |Term|16|14|30| |3/4| |Term|11|25|36| |5/6| |2019-|2 year|3+ year|TOTAL| |2020|olds|olds| |Term|8|18|26| |1/2| |Term|5|22|27| |3/4| |Term|9|23|32| |5/6| |During the academic year 2020-2021, we had| |on roll| |● 5 funded 2 year olds each term on| |average| |● 6 children who qualified for EYPP each| |term on average|

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	● 2 children identified as having SEND
	throughout year; 2 emerging SEND
	9 children with EAL
Numbers in 2020/21 were up when
compared to the previous year, with an
increased number of children starting in
September 2021.
The setting has not had to close due to
coronavirus during this period.
We	also run a baby and toddler group called
TAP (Thursday Afternoon Play) which is
open to children and babies in the local
community, running from 3.00-5.00 on
Thursdays in term time. Parents and carers
pay	a voluntary £2 donation to attend. TAP
operated as normal throughout 2020/21,
though in a new outside format, in order to
limit risk of covid-19 transmission.
Key	achievements in 2020-2021
	Following the coronavirus lockdowns,
	the setting has managed to return to
	normal running, with necessary
	precautions. Nursery has continued to
	have reduced visitors inside; parents
	have continued to drop children off
	and pick them up outside. Strict
	sanitising regimes remain
	indoors. The setting avoided an
	outbreak
	.
	Fundraising events were altered to
	align with covid-19 restrictions - a
	spring plant sale and a summer
	garden party (instead of the usual fete)
	were successful and popular.
	TAP was successfully relaunched as
	an outside-based activity, with smaller
	numbers attending as some social
	distancing measures were still in
	place.
	The setting has continued to sign
	EYPP/2YE funded children up to the
	Dolly Parton Imagination
	Library. There has been good
	feedback from parents. We are
	building the Library up again now that
	the pandemic seems to be easing
	.

	The setting continued to offer the
	usual range of learning, linking to the
	EYFS and based on play.
	Trustees decided to launch extended
	hour provision September 2021 to
	support more working parents
	following survey of parents, and locally
	suggesting this would be valued.
	In September 2020 increased fees
	came into effect.
	Grants: Doris Field Grant and Magic
	Little Grants received for outside
	greening projects (£1,000).
	The Round Table gifted the setting a
	smart tv and speaker for training and
	film clips, music and movement.
	(£1,500)

Additional information (optional) You may choose to include further statements where relevant about:

Progress against challenges identified in last year’s annual report: Achievements against Para 1.41 objectives set  Adapting our service to provide early years education during the coronavirus pandemic. The adaptations brought in after the first lockdown continued in place, enabling the setting to continue providing safe provision, and to avoid an outbreak of covid-19 in the setting.  Achieving a rise in numbers of children attending in order to keep the setting sustainable. Child numbers have risen this year compared to last. Please see the Treasurer’s report for more details of the financial position.

	Readiness for a potential (now
	overdue) OFSTED inspection,
	especially in the context of the
	pandemic.The setting did not
	undergo OFSTED inspection in this
	time, though remained prepared
	for such.
	Modernising the administrative
	side of the charity, through
	upgrading information
	management systems, IT
	hardware, accounting software,
	email and IT
	support.Subscription to FAMLY
	started September 2020.
	Restructuring of staffing to better
	support effective management
	and leadership of the setting,
	including potentially extending
	provision.In June 2021 Sophie
	joined the setting, replacing Ben,
	with flexibility built into her role
	to run extended days from
	September 2021.
	Readiness to trial an extension of
	our provision with a view to
	launching in autumn
	2021.Planning continued
	throughout 2020/21, and the
	setting launched two extended
	days (Tuesday and Wednesday
	until 5.45pm) in September 2021.
	Changing our fundraising activities
	in line with restrictions of the
	pandemic, but also in line with
	parent capacity for running and
	organising.The committee was
	able to adapt fundraising to be safe
	and in line with national guidelines
	regarding coronavirus. We held
	two successful and popular events:
	a plant sale in spring and garden
	party in summer. There was no
	income from party hire in this
	period.
	Ensuring there is income
	available to support
	development of increased
	online services, software and
	hardware going
	forward.Our financial
	commitments above staffing

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have increased, making
fundraising and maintaining
strong child numbers
essential.

Rebuilding and sustaining the
reserve fund. Please see the
Treasurer’s report.
Please see the accounts for the figure raised from
fundraising. This year we held a spring fair/garden
party raising £604 and a successful plant sale raising
Performance of fundraising £826.
activities against objectives Para 1.41
set
n/a
Investment performance Para 1.41
against objectives
Other
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Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The nursery made a small surplus at the end of the financial year, and was able to meet staff costs from fee income.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The reserves policy is to hold sufficient funds to cover three months running expenses plus redundancy for current staff.
Amount of reserves held	Para 1.22	£41,637
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The reserves fall short of the reserves requirement by £12,531, however the surplus has improved compared to prior years and the trustees consider that the nursery remains a going concern.

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	The main source of income is the Nursery Education Grant, fees from parents for nursery sessions, and the Early Education entitlement for two year olds.
Investment policy and objectives including any social investment policy adopted	Para 1.46	n/a
A description of the principal risks facing the charity	Para 1.46	 Falling pupil numbers nationally and in South Oxford could make the setting financially unsustainable; our funding level from OCC has been fairly consistent, but private fees are more vulnerable. It is likely, however, that with the lifting of all coronavirus-related restrictions that we have entered a potentially more stable period, compared to last year.  The extended hours may continue to run at a loss if take-up remains low. It will need to be decided for how long it is sensible to continue if this is the case.  Ensuring we have the capacity to lead and manage the setting with extended hours: if the management, leadership and administrative capacityis not ready

to take on an extended offering the quality of the service or the wellbeing of the staff could be put at risk.  OFSTED inspection may be further delayed, contributing to staff stress during 2020-21. Potential expansion or change of provision offered by other local settings . Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	● The charity’s governing document is a constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	● The charity is constituted as a CIO
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	● Trustee selection is by election by members of the CIO

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Additional information (optional)
You may choose to include further statements where relevant about:
Briefing documents available to
Trustees and reviewed annually by the
Policies and procedures Trustees and Manager. Safeguarding
adopted for the induction Para 1.51 training undertaken by all trustees
and training of trustees
The Charity is a member of the Early Years
Alliance
The charity’s organisational
structure and any wider Para 1.51
network with which the
charity works
Relationship with any Para 1.51
related parties
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Policies and procedures adopted for the induction and training of trustees	Para 1.51	Briefing documents available to Trustees and reviewed annually by the Trustees and Manager. Safeguarding training undertaken by all trustees
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The Charity is a member of the Early Years Alliance
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

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Charity name Lake Street Nursery and Pre-School CIO
Other name the charity uses
Registered charity number 1174863
Charity’s principal address Lake Street Nursery,
Hinksey Park,
Oxford
OX1 4RP
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Names of the charity trustees who manage the charity

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Name of person (or
Dates acted if not for whole
Trustee name Office (if any) body) entitled to appoint
year
trustee (if any)
Rachel Yarrow Chair
1
Nicola Small Treasurer
2
3 Vacant Secretary
Catherine Morey Nursery Manager
4
5 Hinny Wass Officer
6 Amy Taylor Officer
7 Clare Mein Officer
8 Johannes Beck Officer
9
10
11
12
13
14
15
16
17
18
19
20
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– 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

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Trustee name Dates acted if not for whole year
n/a
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Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a 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)

Catherine Morey, Nursery Manager and Trustee

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

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	Hinny Wass
	Hinny Wass
	Chair
	25/05/2022
	25/05/2022

Lake Street Nursery and Pre-School CIO Income & Expenditure Account for the year to 31 August 2021

Income	31-Aug-21	31-Aug-20
Fees from parents Nursery Education Grant Two Year Old Funding Total fee income Inclusion & SEN Funding Fundraising Grants Donations Other Expenses Wages Consumables for children Administration Premises Insurance Memb Subs Other Equipment Fundraising Surplus/Deficit Less restricted funds Outdoor project Action learnng coaching 5th April 2021 30 Hours project Restricted funds Unrestricted surplus/deficit	37,167.59 56,693.76 18,495.36 112,356.71 2,744.80 1,590.25 2,314.00 1,336.87 1,995.25 122,337.88 93,581.14 2,042.21 4,481.85 7,159.27 2,632.80 508.24 4,106.79 1,903.27 391.83 116,807.40 £5,530.48 0.00 £5,530.48	12,053.23 63,400.81 6,684.48 82,138.52 997.03 1,200.00 49.53 7,637.60 92,022.68 76,607.48 2,033.18 1,580.93 6,467.36 1,452.46 244.00 1,774.59 1,296.00 90.00 91,546.00 £476.68 0.00 £476.68

Page 1

Lake Street Nursery and Pre-School CIO Balance Sheet as at 31 Aug 2021

	31-Aug-21	31-Aug-20
Current Assets Debtors Bank and Cash Bank Current Account Bank Deposit Account Cash in hand Financed by:- Unrestricted funds Accumulated Income Fund B/fwd Net deficit/surplus for the year Total unrestricted funds Restricted funds Brought forward from prior year Received during year Spent during the year Total restricted funds Total funds	0.00 100.00 41,506.11 31.39 £41,637.50 36,107.02 5,530.48 41,637.50 0.00 1,314.00 1,314.00 0.00 £41,637.50	0.00 100.00 35,839.34 167.68 £36,107.02 35,630.34 476.68 36,107.02 0.00 0.00 £36,107.02

Hinny Wass Chair 25th May 2022

Nicola Small Treasurer 25th May 2022

Felicity Peachell Independent Examiner 25th May 2022

Page 2

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Lake Street Nursery and Pre-School CIO

On accounts for the year 31 August 2021 Charity no 1174863 ended (if any) Set out on pages 1 and 2 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2021.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance 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 carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the Act or

• the accounts do not accord with the accounting records

I have no concerns and have come 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.

• Please delete the words in the brackets if they do not apply.

Date: 24[th] May 2022 Signed: ~~|~~ Name: Felicity Peachell ~~Ps~~ Relevant professional qualification(s) or body (if any): Address: 23 Barn Close, Cumnor Hill, Oxford, OX2 9JP

October 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

2

IER