2022-03-31-accounts - First Steps (Bath)

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Chair's Report
Trustees' Annual Report		3-11
Independent Auditors	Report	12-15
Statement offinancial	activities	16
Balance sheet		17
Statement ofcash flows		18
Principal Accounting	Policies	19-20
Notes to the financial	statements	21 - 32


REFERE	NCE AND ADMINISTRATIVE			INFORMATION
hair		en Littlewood		etired Business Executive
ice Chair		anet Rose		irector
reasurer		Tom Williams		anagement Accountant
ther trustees		lisabeth		ecturer and Researcher	University		of Bath
		acking
		Isobel Michael	Director NSP Philanthropy
		Kate Tuckwell		enior Lecturer of Social	and Policy		Sciences
		eg North	Retired local government		officer
		arina Sloan		pecialist Speech &Language		Therapist
		ike Turner	Manager Director
		Simon Andrews	Project Manager
		al Wheeler	Retired Health Visitor
Denotes	parents whose children used Fi		rst Steps (Bath) services		during	the	year.
Senior Management		oz Lambert		hief Executive
earn
		arah Elliott	Finance &Administration		Manager and Company
				ecretary
		harlotte Miller		hildren's Services Manager -		Moorlands
		ouise		hildren's Services Manager -		Twerton
		ewings
		tefanie		hildren's Services Manager -		BOP
		albyoff
Registered	Office	oodhouse Road,		Twerton, Bath, BA2 1SY
E-mail		nfo@firststepsbath.		org, uk
ebsite		.firststepsbath.		org.uk

					31.3.22	31.3.21
			Designated
			Fixed
			Asset
		Unrestricted	Reserve	Restricted	Tota I	Total
		funds	Fund	funds	funds	funds
	Notes	6	E	E	6	E
INCOME AND
ENDOWMENTS FROM
oonations and legacies	2	9,025		26,220	35,245	163,814
Charitable activities	5
Charitable Activities		1,262,125			1,262,125	1,238,963
Other trading activities	3	21,201			21,201	17,156
Investment income	4	45			45	146
Total		1,292,396		26,220	1,318,616	1.420,079
EXPENDITURE ON
Charitable activities
Charitable Adivities		1,313,886	35,779	20,953	1.370,618	1,235,874
NET
INCOME/(EXPENDITURE)		(21,490)	(35,779)	5,267	(52,002)	184,205
Transfers between funds	18	(2,777)	2,580	197
Net movement in funds		(24,267)	(33,199)	5,464	(52002)	184205
RECONCIUATION OF FUNDS
Total funds brought forward		367,005	1,419,073	89,792	1,875,870	1,691,665
TOTAL FUNDS CARRIED
FORWARD		342.738	1,385,874	95,256	1,823,868	1,875,870

						31.3.22	31.321
				Designated
				Fixed
				Asset
			Unrestricted	Reserve	Restrkted	Total	Total
			funds	Fund	funds	funds	funds
		Notes		E	E	E	E
FIXEDASSETS
Tangible	assets			1,385,874		1385874	1419073
CURRENT	ASSETS
Stocks		14	1,056			1,056	1,299
Debtors		15	69,190			69,190	231,706
Cash at bank			338841		95256	~434097	279,820
					95,256	504,343	512,825
CREDITORS
Amounts	faging due within
one year		16	(66,349)			(66,349)	(56,028)
NET CURRENT ASSETS			342,738		~95 256	437.994	456,797
TOTAl ASSETSlESS
CURRENT	UABIUTIES		342,738	1,385JI74	95,256	1,823,868	1,$75,870
NETASSETS			342,738	1,385,874	95,256	1,823,868	1,875,870
FUNDS		18
Unrestricted funds						1,728,612	1,786,078
Restricted	funds					95,256	89,792
TOTAL FUNDS						1,823,868	1,875,870

OT	ES TO THE	FINANCIAL STATEMENTS	FINANCIAL STATEMENTS
2.	DONATIONS	AND 1EGACIES
				31.3.22	31.3,21
				E	E
	Donations and fundralstng			11,953	85,963
	Grants			23,292	77,851
				35,245	163,814
	Grants received, included		in the above, are as follows:
				31.3.22	31.3.21
				E	E
	B&NESSmall	Grants		6,560
	Grants - Various (exc 8&NES)			16,732	3,050
	Government	Grants			74,801
				23,292	77+51

			31.3.22	31.3.21
			E	E
	Community	lettlngs	16,824	15,665
	Miscall Income		4,377	1,491
			21,201	17,156
4.	INVESTMENT INCOME
			31,3,22	31.3.21
			E	E
	Deposit account interest		45	146

5. INCOME FROM CHARITAatg	5. INCOME FROM CHARITAatg	5. INCOME FROM CHARITAatg	ACTIVITIES
						313.22	31.311
						Charitable	Total
						Activities	Activities
						E	E
Incoming Resources						1,262,125	1,233,963
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
Bath 8 North East Somerset		Council:		E	E	E	F
Children's Centre Contract	Funding			10,610		10,610	42,950
BOP				201,667		201,667	200,000
Social Services: CHIF				119,656		119,656	205,012
Other grant funding
Other revenue funding								360
Total Revenue Funding				331,933		331,933	448,332
Nursery Fees &Related Funding:
Early Years Entitlement				430,601		430,601	434,387
Nursery fees charged to parents				477,314		477,314	334,479
Early Years Pupil Premium				22,277		22,277	21,775
				930,312		930,312	790,641
Total Income from charitable		activities		1,262,125		1,262,125	1,238,963
2021 Comparative
				Unrestricted	Restncted	Total
				Funds	Funds	2021
Bath &North East Somerset Council:				E	E	E
Children's Centre Contract		Funding		42,950		42,950
BOP				200,000		200,000
Socral Services: CHIP				205,012		205,012
Other grant funding
Other revenue funding				360		360
Total Revenue Funding				448,322		448,332
Nursery Fees 8 Related	Funding:
Early Years Entitlement				434,387		434,387
Nursery fees charged to	parents			334,479		334,479
Early Years Pupil Premium				21,775		21,775
				790,641		790,641
Total income from charitable			activities	1,23$,963		1a23$,963

OTES TO THE FINANCIAL ST	OTES TO THE FINANCIAL ST	ATEMENTS
6. CHARITABEE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs E	note 7) f	Totals E
Charitable Acavities			1,361,326	9,292	1,370,618
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2022	2021
Direct Costs:		f	f	f	f
Employment costs		1,054,463	20,953	1,075,416	928,710
Catering costs		57,840		57,840	39,362
Staff costs (training costs, expenses
etc.)		45,243		45,243	14,184
Special Projects: Direct Costs		8,465		8,465	71,478
Service costs		8,306		8,306	25,465
Bad debts - fees written	off.	9,708		9,708	9,017
Total Direct Costs		1,184,025	20r953	ls204s978	1soaas216
Overheads:
Premises costs		70,200		70,200	59.739
Administrative costs		15,762		15,762	15,907
Information Technology	costs	34,606		34,606	26,383
Depreciation charges		35,779		35,779	37.267
Support costs (See note	7)	9,293		9,293	8.362
Total Overhead Costs		165,640		165,640	147,658
Total Costs ofCharitable	activities	1,349,665	20,953	1,370,618	1,235,874

			Support
		Direct	costs (see)
		Costs	note 7	Total
		E	E	E
Chantable Activities		1,227,512	8,362	1,235,874
		Unrestricted Restricted		Total
		Funds	Funds	2021
Direct Costs:		E	E	E
Employment costs		853,909	74,801	928,710
Catering costs		39,362		39,362
Staff costs (training costs. expenses
etc.) Special Projects: Direct Costs Service costs		14,184 8,858 25,465	62,620	14,184 71,478 25,465
aad debts - fees written	off,	9,017		9,017
Total Direct Costs		950,795	137,421	1,088,216
Overheads:
Premises costs		59,739		59,739
Administrative costs		15,907		15,907
Information Technology	costs	26,383		26,383
Depreciation charges		37,267		37,267
Support costs (See note	7)	8,362		8,362
Total Overhead Costs		147,658		147,658
Total Costs ofCharitable activities		ig098~453	137y421	ip235f874

SUPPORT	COSTS
			Governance
		Finarrce	costs	Totals
		f	E	E
Charitable	Activities	2,153	7,139	9,292
2021Comparative
			Governance
		Finance	costs	Totals
		E	E	E
Charitable	Activities	1,656	6,706	8,362

Net income/(expenditure) ls stated after charging/(cr	edatng):
	313.22	31.3.21
	E	f
Auditors' remuneration	6,000	5,650
Depreciation -owned assets	35,779	37,268
Other operating leases	6,400	6,389

STAFF	COSTS
		31.3.22	31.3.21
		E	E
Wages	and salaries	980,257	845,135
Social	security costs	54,353	47,384
Other	pension costs	40,806	36,191
		1,075,416	928,710

The average	monthly	number ofemployees during the ye	ar was as follows:
			31.3.22	31.3.21
Delivery ofChildren's		& Family Services	44	39
Management	and Administration		5	3
			49	42

COMPARATIVES FOR THE STATEMENT O	F FINANCIAL ACTI	VITIES
		Designated
		Fixed
		Asset
	Unrestricted	Reserve	Restricted	Total
	funds	Fund	funds	funds
	E	E	f	E
INCOME AND ENDOWMENTS FROM
Donations and legacies	15,291		148,523	163,814
Charitable activities
Charitable Activities	1,238,963			1,238,963
Other trading activities	17,156			17,156
Investment income	146			146
Total	1,271,556		148,523	1,420,079
EXPENDITURE ON
Charitable activities
Charitable Acuvities	1,061,186	37,267	137,421	1,235,874
NET INCOME/(EXPENDITURE)	210,370	(37,267)	11,102	184,205
Transfers between funds	(2,549)	2,549
Net movement in funds	207,821	(34,718)	11,102	184,205
RECONCIUATION OF FUNDS
Total funds brought forward	159,184	1,453,791	78,690	1,691,665
TOTAL FUNDS CARRIED FORWARD	367.005	1,419,073	89,792	1,875,870

13.	TANGIBLE FIXEDASSE	TS
			Fixtures
		Leasehold	and	Computer
		Property E	fittings f	equipment f	Totals
	COST
	At 1April 2021	1,721,954	114,061	10,261	1,846,276
	Additions			2,580	2,580
	At 31March 2022	1,721,954	114,061	12,841	1,848,856
	DEPRECIATION
	At 1April 2021	308,069	109,311	9823	427 203
	Charge foryear	33,767	1,574	438	35,779
	At 31March 2022	341,836	110,885	10,261	462,982
	NET BOOK VALUE
	At 31March 2022	1,380,118	3,176	2,580	1,385,874
	At 31March 2021	1,413,885	4,750	438	1.419,073
14.	STOCKS
				31.3.22	31,3,21
				f	f
	Stocks			1,056	1,299
15.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				31,3,22	31.3.21
				f	f
	Trade debtors			59,855	157,619
	Prepayments and accrued income			9,335	74,087
				69,190	231,706
16.	CREDITORS: AMOUNTS	FALLING DUE WITFBN ONE YEAR
				31.3.22	31.3.21
				f	f
	Trade creditors			13,510	11,674
	Social security and other taxes			20,911	11,508
	Other creditors			31,928	32,846
				66.349	56,028

Minimum lease pay	ments under non-c	ancellable operating	leases faN due	as follows:
				31.3.22	31.3.21
				E	E
Within one year				1,468	1,547
Between one and Bve years				3,549	2,331
				5,017	3,878
MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.4.21	in funds	funds	31.3.22
			E	E	E
Unrestricted funds
General fund		367,005	(21,490)	(2,777)	342,738
Designated Fixed Asset Reserve		1.419,073	(35,779)	2,580	1,385,874
		1,786,078	(57,269)	(197)	1,728,612
Restricted funds
Subsidised Meals		1,811	(1,811)
Quartet Foundation			467		467
BOP		87,081			87,081
Partnership With Parents		518			518
Moorlands Decoration		382	(241)		141
Children with SEN			(197)	197
StJohns Language	for Life		1,328		1,328
Replacing Boiler Heating system			1,800		1,800
Stay and Play			3,421		3,421
Waitrose Chgdhood	Nature		500		500
		89.792	5,267	197	95,256
TOTALFUNDS		1,875,870	(52,002)		1,823,868

				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	E
Unrestricted funds
General fund				1.292,396	(1,313,886)	(21,490)
Designated Fixed Asset Reserve					(35,779)	(35,779)
				1,292,396	(1,349,665)	(57,269)
Restricted funds
Trips &Events				2,533	(2,533)
Subsidised Meals				9,946	(11,757)	(1,811)
Quartet Foundation				1,175	(708)	467
Moorlands Decoration					(241)	(241)
Xmas toys/books				731	(731)
Children with SEN				1,200	(1,397)	(197)
StJohns Language for Life				2,880	(1,552)	1,328
Theory ofChange				1,618	(1,618)
Consortium order Moorlands
				181	(181)
Replacing ender Heating system				1,800		1,800
Stay and Play				3,656	(235)	3,421
Waitrose Childhood	Nature			500		500
				26,220	(20,953)	5,267
TOTAL FUNDS				1,318,616	(1,370,618)	(52,002)
Comparatives for movement		in funds
				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	31.3.21
			E	E	f.	E
Unrestricted funds
General fund			159,184	210,370	(2,549)	367,005
Designated Fixed Asset Reserve			1.453,791	(37,267)	2,549	1,419,073
			1,612,975	173,103		1,786,078
Restricted funds
Subsidised Meals				1,811		1,811
BOP			77,692	9,389		87,081
Partnership With Parents			518			518
Moorlands Decoration			480	(98)		382
			78,690	11,102		89,792
TOTAl. FUNDS			1,691,665	184,205		1,875,870

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted	funds
General fund			1.271,556	(1,061,186)	210,370
Designated Fixed Asset Reserve				(37,267)	(37,267)
			1,271,556	(1,098,453)	173,103
Restricted funds
Subsidised Meals			13,757	(11,946)	1,811
BOP			12,700	(3,311)	9,389
Moorlands Decoration				(98)	(98)
Xmas toys/books			2,000	(2,000)
Panto/Sensory	play		3,986	(3,986)
Home Learning
			4.072	(4,072)
Covid related	government	grants
			77,851	(77,851)
Julia Rauslng	Sustainability		34,157	(34,157)
			148,523	(137,421)	11.102
TOTAL FUNDS			1,420,079	(1,235,874)	184,205