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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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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||||
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||||||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|
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|||||||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|
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|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|
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|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|||
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|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|
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||||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|
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|7.|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|
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|10.|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|
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|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|
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|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|
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|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|
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|||||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|
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||||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|
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