## **Trustees’ Annual Report for the period**
**From: 01 September 2023 To: 31 August 2024 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:
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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
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Charity Number: 1174863; Ofsted: EY557982
## **Achievements and Performance**
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SORP reference
Lake Street Nursery and Pre-School CIO
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|**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:
|Achievements against
objectives set|Para 1.41|Nursery has continued to develop and
strengthen the learning opportunities in the
outside space by continuing to plant and
harvest vegetables, creating a butterfly
friendly area of the garden and a refresh of
our bike area with more balance bikes in
support of Oxford’s initiatives to get more
families walking or biking to schools|
|---|---|---|
|||Fundraising initiatives are evolving as
volunteers have less time to plan and|
Charity Number: 1174863; Ofsted: EY557982
|Performance of fundraising
activities against objectives
set|Para 1.41|participate in big events. The main event
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**
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Review of the charity’s Para 1.21 The Charity made a deficit of £19,107 in
financial position at the end year. More than £4,000 of income related to
of the period this year was received in the following
accounting year. The trustees recognise the
intense financial pressure on the sector and
will work with the nursery management to
monitor the finance closely in the 24/25
financial year to ensure that all possible
income is recovered on a timely basis.
Statement explaining the Para 1.22 A Reserve Policy is in place with provision
policy for holding reserves for 3 months running costs. The Reserve
stating why they are held figure is recorded in the accounts document.
Amount of reserves held Para 1.22 The charity reserve stands at £46, 853. This
falls below the provision in the reserves
policy for 3 months expenses plus
redundancy pay, however the nursery
remains busy with high numbers of children
and so the trustees consider that it should
continue as a going concern but should
closely monitor income over the next
financial year to try to rebuild reserves.
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially in Para 1.24 N/A
deficit
Explanation of any Para 1.23 The Charity is continuing to maintain its
uncertainties about the financial obligations
charity continuing as a going
concern
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**Additional information (optional)** You may choose to include further statements where relevant about:
Around two thirds of income is received via Early Education Funding including: 15 hours statutory entitlement, Working Parents
Charity Number: 1174863; Ofsted: EY557982
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The charity’s principal Para 1.47 entitlement with additional income for those
sources of funds (including children with EHCP or identified SEND need.
any fundraising) 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
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
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## **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|
Charity Number: 1174863; Ofsted: EY557982
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Additional information (optional) N/A
You may choose to include further statements where relevant about:
Induction and training of new Trustees
includes access to the Essential Charity
Policies and procedures Trustee information, policy and procedure of
adopted for the induction and Para 1.51 the setting, the Constitution and Lease and
training of trustees other documentation: easily accessible on
the Charity website and a designated
Committee drive.
Trustees are aware of the requirement to
undertake Safeguarding training and
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
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## **Reference and Administrative details: See top of this document**
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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
Oxford
OX1 4RP
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## **Names of the charity trustees who manage the charity**
Charity Number: 1174863; Ofsted: EY557982
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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 Haselll Treasurer
3 Nicola Small Accounts
Catherine Morey Staff Trustee,
4
Manager
5 Kate Weatherup Officer
6 Leila Watson Officer June 2024
7 Nehal Depani Officer
8 Ben Haydon Staff Trustee
9
1
0
1
1
1
2
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– 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
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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**
Charity Number: 1174863; Ofsted: EY557982
|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|
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
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Type of Name Address
adviser
Name of chief executive or names of senior staff members (Optional information)
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## **Declaration:**
## **The trustees declare that they have approved the trustees’ report above:**
**Signed on behalf of the charity’s trustees by:**
## **Signature: Catherine Morey**
**Full name and Title: Mrs Catherine Morey**
## **Position: Manager and Trustee**
## **Date: 13 November 2024**
Charity Number: 1174863; Ofsted: EY557982
## **Lake Street Nursery and Pre-School CIO Income & Expenditure Account for the year to 31 August 2024**
|**Income**|**31-Aug-24**|**31-Aug-23**|
|---|---|---|
|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**
Doris Field outdoor project
OCC road safety signs and bikes
**Restricted funds**
**Unrestricted surplus/deficit**|32,259.50
90,123.94
122,383.44
8,238.20
1,073.52
0.00
640.26
4,601.10
136,936.52
128,127.03
3,622.57
6,659.74
12,187.47
1,497.86
423.67
2,848.06
1,768.26
209.29
157,343.95
-£20,407.43
-500.00
-800.00
-1,300.00
-£19,107.43|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
500.00
800.00
1,300.00
-£9,869.02|
Page 1
## **Lake Street Nursery and Pre-School CIO Income & Expenditure Account for the year to 31 August 2024**
||**31-Aug-24**|**31-Aug-23**|
|---|---|---|
|**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
99.42
45,314.82
139.35
£45,553.59
65,961.02
-19,107.43
46,853.59
0.00
£46,853.59|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|
Anna Sabinsky **Chair** 13th November 2024
Joe Hassel **Treasurer** 13th November 2024
Felicity Peachell **Independent Examiner** 13th November 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 2024 **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 31/08/2024.
**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:** 13[th] Nov 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**