The way Ofsted spends the resources we are allocated by Parliament are set out in our Annual Report and Accounts We inspect and regulate services which care for children and young people, and those providing education and skills for learners of all ages We report directly to Parliament and we are independent and impartial Where childcare or children’s social care providers do not meet the required standards, we require them to take the necessary action to improve or do not license them to operate For a range of early years and children’s social care services, we also act as a regulator, checking that people, premises and the services provided are suitable to care for children and potentially vulnerable young people