Trustees’ Annual Report for the period
From 01/09/21 To 31/08/22
Charity name: Lake Street Nursery and Pre-School CIO
Charity registration number: 1174863
Objectives and Activities
| 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 n/a Para 1.38 Policy on grant making n/a Para 1.38 Policy on social investment including program related investment n/a 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 | Our core work is providing high quality early years education to 2-4 year olds residing in the local community. In 2021-2022, our setting was open for 30 hours per week, in morning and afternoon sessions of 3 hours. We also provided end of the day care for up to 8 children two days per week until 5.45 The majority of our children have government funded places and the majority of our income comes from government funding for these children. 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 2021/22, continuing in the outside format which was originally adopted in order to limit risk of covid-19 transmission. Key achievements in 2021-2022 The long-overdue Ofsted inspection was carried out in November 2021 and Nursery was rated ‘Good’. Though a little disappointing not to be able to maintain the ‘Outstanding’ rating we had previously, the feedback from the inspector was very positive overall and considered reasonable by the Manager. Though coronavirus-related restrictions eased during this period, Nursery continued to be active about reducing transmission of the virus: reduced visitors inside; parents have continued to drop children off and pick them up outside; strict sanitising regimes remain indoors. The setting remained open despite considerable staffabsence due to covid-19. |
A new Administrator was recruited, to start in September 2022. . A Christmas raffle, a spring plant sale, a summer garden party, a series of talks by parents, and a yoga workshop raised funds for the Nursery. The plant sale was particularly successful. Trustees also organised the Tog Box, selling donations of second hand children’s clothes. An Upkeep Day in February was well attended, and much mending and cleaning was achieved. The setting has continued to sign EYPP/2YE funded children up to the Dolly Parton Imagination Library. There has been good feedback from parents. The setting continued to offer the usual range of learning, linking to the EYFS and based on play, with a strong emphasis on outside play and based around a strong Key Person system The first year of extended hours ran, with low numbers, and was welcomed by parents. In July 2022 Trustees decided to increase the extended hour provision in September 2022 to three afternoons, but with slightly shorter hours, in response to feedback from parents. Grant funding was received from LocalGiving’s “Little Stars” fund; The Doris Field Trust and the Round Table Oxford.
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 Ensuring sustainable levels of uptake for the extended hours. Wide advertising of the extended hours in the local area will be key.
| Uptake was constant but numbers were low. More advertising is needed. Focussing on supporting the mental health of all staff in the wake of the pandemic. The Manager and Chair of Trustees both aimed to provide all staff with opportunities to talk about how they were doing and what they needed to support them in the workplace. Some new strategies were tried to help staff ringfence time for admin. Manager maintained good ratios of staff to children despite staff absences. Ensuring that adequate administrative support enables the manager and staff to operate effectively.A new, highly qualified, Administrator has been taken on, to start in September 2022. Assessing whether it is necessary to raise fees. The Trustees voted to raise fees and staff pay, effective September 2022. Reinstating Upkeep Days, wherein parents can volunteer to help with the maintenance of the nursery site.Trustees ran one upkeep day in February 2022, which was well attended and successful. Increasing fundraising income, and income from grants.Fundraising and grant income remained low. Partially due to coronavirus caution, and largely due to Trustees having too little time around family, work and study commitments. Performance of fundraising activities Please see the accounts for the figure raised from fundraising. Alongside funds raised the events run this year bring the Nursery community together alongside members of the local community who have supported the Nursery for many years. |
||
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Please see the accounts for the figure raised from fundraising. This year we repeated the successful plant sale, and held a number of talks that the community paid to attend. |
| Investment performance against objectives |
Para 1.41 | n/a |
Other
Financial Review
| Review of the charity’s financial position at the end ofthe period |
Para 1.21 | The nursery made a surplus at the end of the financial year, and was able to meet staffcostsfrom feeincome. |
|---|---|---|
| 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 | £74,530 |
| 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 exceed the reserves requirement and the charity remains a going concern. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 | Risks facing the charity in 2022-23 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. 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 capacity is not ready to take on an extended offering the quality of the service or the wellbeing of the staff could be put at risk. 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 |
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 | 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
| Charity name | Lake Street Nursery and Pre-School CIO |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 1174863 |
| Charity’s principal address | Lake Street Nursery, Hinksey Park, Oxford OX1 4RP |
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(if any) |
|---|---|---|---|---|
| Hinny Wass | Chair | |||
| Nicola Small | Treasurer | |||
| vacant | Secretary | |||
| Catherine Morey | Nursery Manager | |||
| Rachel Yarrow | Officer | |||
| AmyTaylor | Officer | |||
| Clare Mein | Officer | |||
| Johannes Rack | Officer | |||
| Ben Haydon | Officer (and nursery staff) |
|||
– 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 wholeyear | |
|---|---|---|
| n/a | ||
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) N Small Full name(s) Nicola Small Position (eg Secretary, Treasurer Chair, etc) Date 28/06/2023
Lake Street Nursery and Pre-School CIO Income & Expenditure Account for the year to 31 August 2022
| Income | 31-Aug-22 | 31-Aug-21 |
|---|---|---|
| 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 |
43,734.09 97,907.47 15,274.75 156,916.31 13,491.34 2,006.02 500.00 1,252.00 2,737.72 176,903.39 117,460.84 2,518.80 5,424.13 12,513.05 106.40 289.00 4,970.60 521.60 206.43 144,010.85 £32,892.54 £32,892.54 |
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 |
Page 1
Lake Street Nursery and Pre-School CIO Balance Sheet as at 31 Aug 2022
| 31-Aug-22 | 31-Aug-21 | |
|---|---|---|
| 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 |
0.00 133.25 74,348.07 48.72 £74,530.04 41,637.50 32,892.54 74,530.04 0.00 0.00 £74,530.04 |
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 |
Anna Sabinsky Chair 28 June 2023
Nicola Small Treasurer 28 June 2023
Felicity Peachell Independent Examiner 28 June 2023
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 2022 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 31/08/2020.
- 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 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.
Date: 28[th] June 2023
Signed: Name: Felicity Peachell Relevant professional qualification(s) or body (if any):
Address: 23 Barn Close, Cumnor Hill, Oxford, OX2 9JP
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).
October 2018
1
IER
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER