## **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)|||
||||||
||||||
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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
|**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**