Trustees’ Annual Report for the period
From: 01 September 2022 To: 31 August 2023 Charity name: Lake Street Nursery and Pre-School CIO Charity registration number: 1174863; Ofsted: EY557981
Objectives and Activities
| Objectives and Activities | 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 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: (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 Early Years Alliance [formerly the Pre- School Alliance] |
||
| 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 Providing education and care for children aged 2-4 and receiving Early Education Funding and income in direct fees from parents One apprentice studying to Level 2 for the Early Years’ Workforce Training for staff members including attendance at a day Conference for some members of the team this year and more local courses Updates to DBS checks Purchase of high quality equipment and resources to support learning |
||
| Statement confirming whether the trustees have |
Para 1.18 | The trustees have had regard to the guidance issued by the Charity |
Charity Number: 1174863; Ofsted: EY557982
had regard to the guidance issued by the Charity Commission on public benefit
Commission on public benefit and have received a copy of The Essential Charity Trustee as recommended in the Constitution
Additional information (optional) You may choose to include further statements where relevant about:
----- Start of picture text -----
Lake Street Nursery and Pre-School CIO is
Para 1.38 not a grant making organisation
Policy on grant making
NA
Para 1.38
Policy on social investment
including program related
investment
The Trustees of Lake Street Nursery are all
Para 1.38 volunteers. Other parents, and members of
Contribution made by the local community, contribute volunteer
volunteers time to support the Nursery. This includes:
running or donating to fundraising events,
donating resources and materials for the
benefit of the Nursery to support the children
e.g. plants, compost, craft items, clothing
and garden development and upkeep
Other
----- End of picture text -----
Charity Number: 1174863; Ofsted: EY557982
Achievements and Performance
----- Start of picture text -----
SORP reference
Lake Street Nursery and Pre-School CIO
----- End of picture text -----
| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Lake Street Nursery and Pre-School CIO | ||
| 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 | provides education and care for families in the local community and is registered with Ofsted with a rating of GOOD at the last inspection. The Nursery operates term time: running 8.45-14.45 daily and with three ‘Staying for Tea sessions’ a week from 14.45 to 17.15. These sessions continue to run at a small loss but enable parents working full time to access the service we provide. Nursery supports a number of children each year who have SEND needs, who have educational disadvantage and receive extended 2 year old funding and children in receipt of Early Years Pupil Premium. To support these children we work with a number of professional services including EYSENIT team in Oxfordshire; paediatric assessment team, health visitors and various specialists such as the Visual or Hearing Impairment Team. We have also been in receipt of the Household Support Fund to be able to provide vouchers for food in the school holidays. Nursery participates in the County wide WELLCOMM assessment to assess and then support the Communication and Language skills of the children. This tool enables Nursery to identify children needing support in good time to support them towards strong skills by the time they start school. |
| 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: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | Nursery has continued to develop and strengthen the learning opportunities in the outside space |
| Performance of fundraising activities against objectives set |
Para 1.41 | Fundraising initiatives are evolving as volunteers have less time to plan and participate in big events. The main event |
Charity Number: 1174863; Ofsted: EY557982
| this year has been a Plant Sale in the Spring followed by an online end of year fundraiser. Fundraising totals have been down on previous years and this is something the Committee are seeking to address over the next two years. |
||
|---|---|---|
| Investment performance against objectives |
Para 1.41 | N/A |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity made a deficit of £9,869 in year however £14,049 income relating to this year had been received in the previous financial year. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | A Reserve Policy is in place with provision for 3 months running costs. The Reserve figure is recorded in the accounts document. |
| Amount of reserves held | Para 1.22 | The charity reserve stands at £65,961. This exceeds the provision in the reserves policy for 3 months expenses plus redundancy pay. |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The Charity is continuing to maintain its financial obligations |
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 | Around two thirds of income is received via Early Education Funding including: 15 hours statutory entitlement, Working Parents entitlement with additional income for those children with EHCP or identified SEND need. Around one third is received in fees Fees are kept aligned to the Government funding rates to keep them affordable and also to ensure lack of shortfall once families move onto statutory funding A £2,000 target is set for fundraising each year to support buying of resources and equipment for the Nursery, alongside Grant |
|---|---|---|
Charity Number: 1174863; Ofsted: EY557982
----- Start of picture text -----
Applications for specific items of equipment
or projects.
N/A
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
The sustainability of the Nursery is tied to
the Government funding amounts as this is
A description of the principal Para 1.46 where the majority of income lies. If these
risks facing the charity do not increase at a rate inline with
increasing running costs (e.g. salaries, NI,
rates, utilities and upkeep) Nursery runs the
risk of making a loss
Recruitment of suitable and trained staff has
proved challenging and the amounts that
can be afforded in salaries is not favourable
to recruitment of long term, experienced and
trained personnel
Other
----- End of picture text -----
Structure, Governance and Management
| Description of charity’s trusts: |
NA | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | 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 | Trustees are elected at the Annual General Meeting for a two year period of tenure in accordance with our constitution |
Additional information (optional) N/A You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Induction and training of new Trustees includes access to the Essential Charity Trustee information, policy and procedure of the setting, the Constitution and Lease and other documentation: easily accessible on the Charity website and a designated Committee drive. Trustees are aware of the requirement to undertake Safeguarding training and |
|---|---|---|
Charity Number: 1174863; Ofsted: EY557982
----- Start of picture text -----
complete approval from Ofsted via an EY2
form with enhanced DBS checking
The charity works within the local community
and has strong links to the County Council
The charity’s organisational Early Years Team. The Manager has a
structure and any wider Para 1.51 strong network of professional
network with which the colleagues/Managers to draw on for support
charity works and advice
Relationship with any related Para 1.51
parties
Other
----- End of picture text -----
Reference and Administrative details: See top of this document
----- Start of picture text -----
Charity name Lake Street Nursery and Pre-School CIO
Other name the charity uses
Registered charity number 1174863
Charity’s principal address Lake Street
Oxford
OX1 4RP
----- End of picture text -----
Names of the charity trustees who manage the charity
----- Start of picture text -----
Name of
person (or
body)
Dates acted if not for whole
Trustee name Office (if any) entitled to
year
appoint
trustee (if
any)
1 Anna Sabisky Chair
2 Joe Hasell Treasurer
3 Nicola Small Accounts
Catherine Morey Staff Trustee,
4
Manager
----- End of picture text -----
Charity Number: 1174863; Ofsted: EY557982
----- Start of picture text -----
5 Kate Weatherup Officer
6 Ben Haydon Staff Trustee
7
8
9
1
0
1
1
1
2
----- End of picture text -----
– Corporate trustees names of the directors at the date the report was approved N/A Director name
N.A
Name of trustees holding title to property belonging to the charity N/A
----- 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 held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
Charity Number: 1174863; Ofsted: EY557982
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) |
Declaration:
The trustees declare that they have approved the trustees’ report above:
Signed on behalf of the charity’s trustees by:
Signature:
Full name and Title: Nicola Small
Position: Trustee
Date: 17 July 2024
Charity Number: 1174863; Ofsted: EY557982
Lake Street Nursery and Pre-School CIO Income & Expenditure Account for the year to 31 August 2023
| Income | 31-Aug-23 | 31-Aug-22 |
|---|---|---|
| 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 |
42,699.43 72,635.46 115,334.89 7,050.96 2,194.20 1,800.00 1,237.15 3,421.70 131,038.90 111,877.33 3,018.73 7,060.25 8,443.46 1,428.35 804.08 3,897.82 2,897.90 180.00 139,607.92 -£8,569.02 -£8,569.02 |
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 |
Page 1
Lake Street Nursery and Pre-School CIO Balance Sheet as at 31 Aug 2023
| 31-Aug-23 | 31-Aug-22 | |
|---|---|---|
| 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 |
0.00 209.30 65,703.00 48.72 £65,961.02 74,530.04 -8,569.02 65,961.02 0.00 0.00 £65,961.02 |
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 |
Anna Sabinsky Chair 17 July 2024
Joe Hassel
Treasurer
17 July 2024
Felicity Peachell Independent Examiner 17 July 2024
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 2023 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 31/08/2023.
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: 17[th] July 2024 Signed: ~~ee~~ Name: Felicity Peachell ~~pd~~ Relevant professional qualification(s) or body (if any): Address: 23 Barn Close, Cumnor Hill, Oxford, OX2 9JP
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Section B Disclosure ~~ee~~
1
October 2018
IER
Give here brief details of any items that the examiner wishes to disclose .
2
October 2018
IER