## **Trustees’ Annual Report for the period** **From: 01 September 2024 To: 31 August 2025 Charity name: Lake Street Nursery and Pre-School CIO Charity registration number: 1174863; Ofsted: EY557981** ## **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| |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 to be completed
early 2026
Training for staff members including updates
to Generalist and Designated Lead
Safeguarding and First Aid.
Purchase of high quality equipment and
resources to support learning| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|The trustees have had regard to the
guidance issued by the Charity
Commission on public benefit and
have received a copy of The| Charity Number: 1174863; Ofsted: EY557982 Essential Charity Trustee as recommended in the Constitution Commission on public benefit ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Policy on grant making|Para 1.38|Lake Street Nursery and Pre-School CIO is
not a grant making organisation| |Policy on social investment
including program related
investment|Para 1.38|**NA**| |Contribution made by
volunteers|Para 1.38|The Trustees of Lake Street Nursery are all
volunteers. Other parents, and members of
the local community, contribute volunteer
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,
volunteer team to maintain and enhance the
outside space.| |Other||| Charity Number: 1174863; Ofsted: EY557982 ## **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|Lake Street Nursery and Pre-School CIO
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
the EYSENIT team from the LEA
Oxfordshire; the Community Paediatric
team, the Health Visiting Team and various
specialists such as the Visual or Hearing
Impairment Teams.
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. We also support School Readiness
through toilet training programmes in the
children’s last year at the Nursery.
Nursery continues to use the resources and
principles from the Tales Toolkit programme
to support storytelling and story building.| |**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:| |---|---|---| ||Para 1.41|Nursery has continued to develop and
strengthen the learning opportunities in the
outside space by continuing to plant and| Charity Number: 1174863; Ofsted: EY557982 |Achievements against
objectives set||harvest vegetables, create a butterfly friendly
area of the garden and introducing more
loose parts to support creative play and
physical development outside. We are
rethinking our planting in view of drought
conditions in recent summers| |---|---|---| |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
this year has been a Plant Sale in the Spring
followed by a successful fete in July.
Fundraising totals have been down on
previous years and this is something the
Committee are seeking to address over the
next two years including making better use
of online fundraising platforms and
increasing our grant making efforts asking
for further parental support.| |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 £12,979 in
year. This was an improvement on the prior
year deficit. The trustees recognise the
intense financial pressure on the sector and
will work with the nursery management to
monitor the finance closely in the 26/27
financial year to ensure that all possible
income is recovered on a timely basis.| |---|---|---| |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 plus redundancy
payments. This is to ensure that the nursery
can meet a terms obligations in the event of
closure.| |Amount of reserves held|Para 1.22|The charity reserve stands at £32,574. This
falls below the provision in the reserves
policy for 3 months expenses plus
redundancy pay. The trustees reviewed
several alternative business scenarios and
concluded that with additional marketing to
optimise the number of children using the
setting that the financial picture was likely to
improve. The trustees consider that it
should continue as a going concern but| Charity Number: 1174863; Ofsted: EY557982 |||should closely monitor income over the next
financial year to try to rebuild reserves.| |---|---|---| |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:|**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|Around 80% 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 20% is received in fees from
parents. This reflects additional Early
Education Funding available to parents, last
year around 33% of income came from
parent fees. This is good news for parents
but the Government funding is low and
requires the setting to run at full capacity in
order to break even. This is a challenge for
a term-time only setting.
Fees are kept aligned to the Government
funding rates to keep them affordable and
also to ensure a 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.| |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|The sustainability of the Nursery is tied to
the Government funding amounts as this is
where the majority of income lies. If these
do not increase at a rate inline with
increasing running costs (e.g. salaries, NI,
rates, utilities and upkeep) Nursery is at risk
of continuing loss even if numbers increase
to capacity
The Nursery needs to maintain a high
occupancy rate to ensure break even point| Charity Number: 1174863; Ofsted: EY557982 at the same time managing an increasing number of children who require additional support below the line required for full SEND funding including low levels of English, processing and social challenges, potty training. If the needs are high then staffing is needed below capacity levels to support and manage need without adequate funding to allow for this need. 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, reliable, experienced and trained personnel Other ## **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
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
Early Years Team. The Manager has a| Charity Number: 1174863; Ofsted: EY557982 |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|strong network of professional
colleagues/Managers to draw on for support
and advice| |---|---|---| |Relationship with any related
parties|Para 1.51|**None**| |Other||| ## **Reference and Administrative details: See top of this document** |Charity name|Lake Street Nursery and Pre-School CIO| |---|---| |Other name the charity uses|| |Registered charitynumber|**1174863**| |Charity’s principal address|Lake Street
Oxford
OX1 4RP| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of**
**person (or**
**body)**
**entitled to**
**appoint**
**trustee (if**
**any)**| |---|---|---|---|---| ||Anna Sabisky|Chair|continuing|| ||Joe Hasell|Treasurer|Stepped down July 2025|| ||Nicola Small|Accounts|continuing|| ||Catherine Morey|Staff Trustee,
Manager|continuing|| ||Kate Weatherup|Officer|Stepped down
December 2025|| ||Leila Watson|Officer|June 2024 to present|| ||Nehal Depani|Officer|continuing|| Charity Number: 1174863; Ofsted: EY557982 |||||| |---|---|---|---|---| |8
9
1
0
1
1
1
2|Ben Haydon|Staff Trustee|continuing|| ||Alice Farmiloe|Secretary|continuing|| |||||| |||||| |||||| – 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 |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |||| |**N.A**||| |||| |||| |||| |||| ## **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| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**T**
**a**|**ype of**
**dviser**
**Name**
**Address**| |---|---| Charity Number: 1174863; Ofsted: EY557982 **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: Mrs Nicola Small** ## **Position: Treasurer/Trustee** **Date: 25[th] June 2026** Charity Number: 1174863; Ofsted: EY557982 ## **Lake Street Nursery and Pre-School CIO Income & Expenditure Account for the year to 31 August 2025** |**Income**|**31-Aug-25**|**31-Aug-24**| |---|---|---| |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**|28,243.61
119,553.46
147,797.07
8,838.75
2,345.35
1,969.53
661
4,927.38
166,539.08
143,494.70
7,408.97
6,232.48
15,778.20
1,397.26
332.88
3,986.00
887.95
179,518.44
-£12,979.36
-£12,979.36|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| Page 1 ## **Lake Street Nursery and Pre-School CIO Income & Expenditure Account for the year to 31 August 2025** ||**31-Aug-25**|**31-Aug-24**| |---|---|---| |**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
10,435.62
22,096.03
42.58
£32,574.23
45,553.59
-12,979.36
32,574.23
0.00
£32,574.23|0.00
99.42
45,314.82
139.35| |||£45,553.59| |||65,961.02
-20,407.43| |||45,553.59
0.00| |||0.00| |||£45,553.59| Anna Sabinsky **Chair** 29th January 2026 Nicola Small **Treasurer** 29th January 2026 Felicity Peachell **Independent Examiner** 29th January 2026 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 2025 **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 31/08/2025. **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:** 29[th] January 2026 **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**