## **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.
**----- Start of picture text -----**
|||||
|---|---|---|---|
|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|
**----- End of picture text -----**
||● 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
**----- End of picture text -----**
## **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
**----- End of picture text -----**
|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
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
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
**----- End of picture text -----**
– 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
**----- Start of picture text -----**
Trustee name Dates acted if not for whole year
n/a
**----- End of picture text -----**
## **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**