||||||Page|
|---|---|---|---|---|---|
|Report of|the Trustees|||1|to 9|
|Report of|the Independent
Auditors|||10 to 13||
|Statement|ofFinancial|Activities|||14|
|Statement|ofFinancial|Position||||
|Statement|ofCash Flows||||16|
|Notes to the Statement||ofCash|Flows||17|
|Notes to the Financial||Statements||18 to 34||
|Detailed Statement
of||Financial|Activities|35|to 36|
##
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##
|STRUCTU|STRUCTU|RE, GOVER||NANCE
AND|MANAGEMENT||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Governing||document|||||||||
|The charity||is controlled
by its governing
document,
a deed of trust,|||||and|constitutes||a limited|
|company,|limited by guarantee,
as defined
by the Companies
Act 2006.||||||||||
|REFERENCE||AND ADMINISTRATIVE
DETAILS|||||||||
|hair||||Ken Littlewood|Retired Business Executive||||||
|ice Chair||||anet Rose|Director||||||
|reasurer||||om Williams|Management
Accountant||||||
|ther trustees||||Elisabeth|enior Lecturer and Deputy Head, Department||||of||
|||||Hacking|Education,
University
of|Bath|||||
|||||Isobel Michael|Fundraiser||||||
|||||Kate Tuckwell|enior Lecturer of Social and Policy Sciences||||||
|||||Meg North|Retired local government|officer|||||
|||||Marina Sloan|Specialist Speech & Language
Therapist||||||
||||Mike Turner||anager Director||||||
|||||Simon Andrews|Project Manager||||||
|||||al Wheeler|Retired Health Visitor||||||
|Denotes|parents whose|||children
used|First Steps (Bath) services during the year.||||||
|enior Management|||Roz Lambert||hief Executive||||||
|earn|||||||||||
|||||arah Elliott|Finance &Administration|Manager
and|Company||||
||||||ecretary||||||
|Maternity|Leave Jan 23||Charlotte
Miller||hildren's Services Manager - Moorlands||||||
|||||ian Barnett|I-'icting Children's
Services Manager - Moorlands||||||
||||Louise||hildren's Services Manager -Twerton||||||
||||Hewings||||||||
|||||tefanie|hildren's
Services Manager -BOP||||||
|||||albyoff|||||||
|Registered|Company|||2656485 (England
and Wales)|||||||
|umber|||||||||||
|Registered|Charity||1012690||||||||
|umber|||||||||||
|Registered|Office|||sS Elliott, Woodhouse
Road, Twerton,||Bath, BA2 1SY|||||
|E-mail|||info@firststepsbath. org.uk||||||||
|ebsite||||.firststepsbath. org.uk|||||||
##
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##
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##
##
##
|forthe Yea|r Ended|31March|2023||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.23|31.3.22|
||||||Designated||||
||||||Fixed||||
||||||Asset||||
|||||Unrestricted|Reserve|Restricted|Total|Total|
|||||funds|Fund|funds|funds|funds|
||||Notes|f|f|f|f|f|
|INCOME AND|||||||||
|ENDOWMENTS
FROM|||||||||
|Donations|and legacies||2|6,757||52,414|59,171|35,245|
|Charitable|activities||5||||||
|Charitable|Activities|||1,497,335|||1,497,335|1,262,125|
|Other trading activities|||3|29,448|||29,448|21,201|
|Investment|income||4|2,163|||2,163|45|
|Total||||1,535,703||52,414|1,588,117|1,318,616|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Charitable|Activities|||1,464,652|35,980|41,236|1,541,868|1,370,618|
|NET|||||||||
|INCOME/(EXPENDITURE)||||71,051|(35,980)|11,178|46,249|(52,002)|
|Transfers between||funds|18|(13,504)|12,156|1,348|||
|Net movement
in funds||||57,547|(23,824)|12,526|46,249|(52,002)|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds|brought|forward||342,738|1,385,874|95,256|1,823,868|1,875,870|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||400,285|1,362,050|107,782|1,870,117|1,823,868|
|||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|
|||||Designated||||
|||||Fixed||||
|||||Asset||||
||||Unrestricted|Reserve|Restricted|Total|Total|
||||funds|Fund|funds|funds|funds|
|||Notes|f|f|f|f|f|
|FIXEDASSETS||||||||
|Tangible|assets|13||1,362,050||1,362,050|1,385,874|
|CURRENT|ASSETS|||||||
|Stocks||14|939|||939|1,056|
|Debtors||15|129,497|||129,497|69,190|
|Cash at bank|||339,098||107,782|446,880|434,097|
||||469,534||107,782|577,316|504,343|
|CREDITORS||||||||
|Amounts|falling due within|||||||
|one year||16|(69,249)|||(69,249)|(66,349)|
|NET CURRENT ASSETS|||400,285||107,782|508,067|437,994|
|TOTAL ASSETS LESS||||||||
|CURRENT|LIABILITIES||400,285|1,362,050|107,782|1,870,117|1,823,868|
|NET ASSETS|||400,285|1,362,050|107,782|1,870,117|1,823,868|
|FUNDS||18||||||
|Unrestricted
funds||||||1,762,335|1,728,612|
|Restricted|funds|||||107,782|95,256|
|TOTAL FUNDS||||||1,870,117|1,823,868|
|Statement ofCash Flows|||||
|---|---|---|---|---|
|for the Year Ended 31March 2023|||||
||||31.3.23|31.3.22|
|||Notes|E|E|
|Cash flows from operating|activities||||
|Cash generated
from operations||1|22,776|156,812|
|Net cash provided
by operating
activities|||22,776|156,812|
|Cash flows from investing|activities||||
|Purchase oftangible fixed|assets||(12,156)|(2,580)|
|Interest received|||2,163|45|
|Net cash used in investing|activities||(9,993)|(2,535)|
|Change
in cash and cash equivalents||in|||
|the reporting
period|||12,783|154,277|
|Cash and cash equivalents|atthe||||
|beginning
ofthe reporting|period||434,097|279,820|
|Cash and cash equivalents|atthe end||||
|ofthe reporting
period|||446,880|434,097|
##
|RECONCILIATION
ACTIVITIES|OF NET|INCOME/(EXPENDI|TURE)
TO NET CASH FL|OW FROM OPERAT|ING|
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|||||E|f|
|Net income/(expenditure)||for the reporting|period (as per the|||
|Statement of Financial Activities)||||46,249|(52,002)|
|Adjustments
for:||||||
|Depreciation
charges||||35,980|35,779|
|Interest received||||(2,163)|(45)|
|Decrease in stocks||||117|243|
|(Increase)/decrease|in debtors|||(60,307)|162,516|
|Increase in creditors||||2,900|10,321|
|Net cash provided|by operations|||-22,776|156,812|
##
||At 1.4.22|Cash flow|At 31.3.23|
|---|---|---|---|
||E|E|f|
|Net cash||||
|Cash at bank|434,097|12,783|446,880|
||434,097|12,783|446,880|
|Total|434,097|12,783|446,880|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for t|he Year Ended|31March 2023|31March 2023|||
|---|---|---|---|---|---|
|2.|DONATIONS|AND LEGACIES||||
|||||31.3.23|31.3.22|
|||||f|f|
||Donations
and fundraising|||6,757|11,953|
||Grants|||52,414|23,292|
|||||59,171|35,245|
||Grants received, included||in the above, are as follows:|||
|||||31323|31.3.22|
|||||f|f|
||B&NESSmall|Grants|||6,560|
||Grants - Various (exc 8&NES)|||52,414|16,732|
|||||52,414|23,292|
|3.|OTHER TRADING ACTIVITIES|||||
|||||31.3.23|31.3.22|
|||||f|f|
||Community
lettings|||29,212|16,824|
||Misc Income|||236|4,377|
|||||29,448|21,201|
|4.|INVESTMENT|INCOME||||
|||||31.3.23|31.3.22|
|||||f|f|
||Deposit account interest|||2,163|45|
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2023|2022|
|Bath &North East Somerset|Council:|E|E|E|f|
|Disability Access Fund||9,501||9,501|6,930|
|BOP||211,000||211,000|201,667|
|Social Services: CHIF||137,279||137,279|119,656|
|Other revenue
funding||||||
|Total Revenue
Funding||357,780||357,780|328,253|
|Nursery
Fees IERelated Funding:||||||
|Early Years Entitlement||485,712||485,712|430,601|
|Nursery fees charged to parents||631,366||631,366|480,994|
|Early Years Pupil Premium||22,477||22,477|22 277|
|||1,139,555||1,139,555|933,872|
|Total Income from charitable|activities|1,497,335||1,497,335|1,262,125.|
|2022 Comparatives||||||
|||||31.3.22|31.3.21|
|||||Charitable|Total|
|||||activities|activities|
|||||E|f|
|Incoming Resources||||1,262,125|1,238,963|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|2022|2021|
|Bath tENorth East Somerset|Council:|E|E|E|E|
|Disability Access Fund||6,930||6,930|42,950|
|BOP||201,667||201,667|200,000|
|Social Services: CHIF||119,656||119,656|205,012|
|Other revenue
funding|||||360|
|Total Revenue
Funding||328,253||328,253|448,332|
|Nursery FeesBRelated Funding:||||||
|Early Years Entitlement||430,601||430,601|434,387|
|Nursery fees charged to parents||480,994||480,994|334,479|
|Early Years Pupil Premium||22,277||22,277|21,775|
|||933,872||933,872|790,641|
|||22||||
||Total Income from charitable|Total Income from charitable|activities|1,262,125||1,262,125|1,238,963|
|---|---|---|---|---|---|---|---|
|6.|CHARITABLE ACTIVITIES COSTS|||||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs
f|note 7)
E|Totals
E|
||Charitable|Activities|||1,530,438|11,430|1,541,868|
##
##
##
##
||Unrestricted|Restricted|Tota I|Total|
|---|---|---|---|---|
||Funds|Funds|2023|2022|
|Direct Costs:|E|f|E|f|
|Employment
costs|1,205,755||1,205,755|1,075,416|
|Catering costs|61,588||61,588|57,840|
|Staff costs (training costs, expenses|||||
|etc.)|19,767|41,236|61,003|45,243|
|Special projects: Direct Costs|6,878||6,878|8,465|
|Service costs|17,636||17,636|8,306|
|Bad debts - fees written off.|3,580||3,580|9,708|
|Total Direct Costs|1,315,205|41,236|1,356,441|1,204,978|
|Overheads:|||||
|Premises costs|92,214||92,214|70,200|
|Administrative
costs|14,440||14,440|15,762|
|Information
Technology costs|31,363||31,363|34,606|
|Depreciation
charges|35,980||35,980|35,779|
|Support costs (See note 7)|11,430||11,430|9,293|
|Total Overhead
Costs|185,427||185,427|165,640|
|Total Costs ofCharitable
activities|1,500,632|41,236|1,541,868|1,370,618|
|2022 Comparatives|||||
||||Support||
|||Direct|costs (see)||
|||Costs|nota 7|Total|
|||E|f|f|
|Charitable
Activities||1,349,665|20,953|1,370,618|
||Unrestricted|Restricted|Total|Total|
||Funds|Funds|2021|2021|
|Direct Costs:|E|6|E|E|
|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|
##
##
|CHARITABLE ACTIVITIES|COSTS-cont|inued||||
|---|---|---|---|---|---|
|Total Direct Costs||1,184,025|20,953|1,204,978|1,088,216|
|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 COSTS||||||
|||||Governance||
||||Finance|costs|Totals|
||||f|f|f|
|Charitable
Activities|||3,894|7,536|11,430|
|2022 Comparative||||||
|||||Governance||
||||Finance|costs|Totals|
||||f|f|f|
|Charitable
Activities|||2,154|7,139|9,293|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|is stated after charging/(crediting):|||||
|||||31.3.23|31.3.22|
|||||f|f|
|Auditors'
remuneration||||6,236|6,000|
|Depreciation
- owned assets||||35,980|35,779|
|Other operating
leases||||6,412|6,400|
##
##
##
##
|STAFF COSTS||||
|---|---|---|---|
|||31.3.23|31.3.22|
|||f|E|
|Wages and salaries||1,094,399|980,257|
|Socialsecurity|costs|64,697|54,353|
|Other pension|costs|46,660|40,806|
|||1,205,756|1,075,416|
||||31.3.23|31.3.22|
|---|---|---|---|---|
|Delivery ofChildren's||8 Family Services|46|44|
|Management|and Administration||5|5|
||||51|49|
##
##
##
||||Designated|||
|---|---|---|---|---|---|
||||Fixed|||
||||Asset|||
||||Reserve|Restricted|Total|
||||Fund|funds|funds|
||||f|f|E|
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies||9,025||26,220|35,245|
|Charitable
activities||||||
|Charitable
Activities||1,262,125|||1,262,125|
|Other trading activities||21,201|||21,201|
|Investment
income||45|||45|
|Total||1,292,396||26,220|1,318,616|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Charitable
Activities||1,313,886|35,779|20,953|1,370,618|
|NET INCOME/(EXPENDITURE)||(21,490)|(35,779)|5,267|(52,002)|
|Transfers between funds||(2,777)|2,580|197||
|Net movement
in funds||(24,267)|(33,199)|5,464|(52,002)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought forward||367,005|1,419,073|89,792|1,875,870|
|TOTAL FUNDS CARRIED FORWARD||342,738|1,385,874|95,256|1,823,868|
##
##
##
##
##
|13.|TANGIBLE FIXEDASS|ETS||||
|---|---|---|---|---|---|
||||Fixtures|||
|||Leasehold|and|Computer||
|||Property|fittings|equipment|Totals|
|||E|E|f|f|
||COST|||||
||At 1April 2022|1,721,954|114,061|12,841|1,848,856|
||Additions||12,156||12,156|
||At 31March 2023|1,721,954|126,217|12,841|1,861,012|
||DEPRECIATION|||||
||At 1April 2022|341,836|110,885|10,261|462,982|
||Charge for year|33,968|1,368|644|35,980|
||At 31March 2023|375,804|112,253|10,905|498,962|
||NET BOOK VALUE|||||
||At 31March 2023|1,346,150|13,964|1,936|1,362,050|
||At 31March 2022|1,380,118|3,176|2,580|1,385,874|
|14.|STOCKS|||||
|||||31.3.23|31.3.22|
|||||E|E|
||Stocks|||939|1,056|
|15.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|||||31.3.23|31.3 22 .|
|||||f|E|
||Trade debtors|||118,528|59,855|
||Prepayments
and accrued income|||10,969|9,335|
|||||129,497|69,190|
##
##
|||31.3.23|31.3.22|
|---|---|---|---|
|||E|E|
|Trade creditors||4,724|13,510|
|Socialsecurity|and other taxes|20,033|20,911|
|Other creditors||44,492|31,928|
|||69,249|66,349|
##
||31.3.23|31.3.22|
|---|---|---|
||f|E|
|Within one year|1,187|1,468|
|Between one and five years|2,362|3,549|
||3,549|5,017|
##
##
|MOVEMENT
IN FU|NDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.22|in funds|funds|31.3.23|
|||E|E|E|f|
|Unrestricted
funds||||||
|General fund||342,738|71,051|(13,504)|400,285|
|Designated
Fixed Asset Reserve||1,385,874|(35,980)|12,156|1,362,050|
|||1,728,612|35,071|(1,348)|1,762,335|
|Restricted funds||||||
|Subsidised
Meals|||5,460||5,460|
|Quartet
Foundation||467|(96)||371|
|BOP||87,081|8,504||95,585|
|Partnership
With Parents||518|||518|
|Moorlands
Decoration||141|(141)|||
|Xmas toys/books|||529||529|
|Children
with SEN|||(3)|||
|StJohns Language|for Life|1,328|66||1,394|
|Consortium
order|Moorlands|||||
|||1,800|||1,800|
|Replacing
Boiler Heating system||3,421|(1,296)||2,125|
|Stay and Play|||(1,345)|1,345||
|Waitrose Childhood|Nature|500|(500)|||
|||95,256|11,178|1,348|107,782|
|TOTALFUNDS||1,823,868|46,249||1,870,117|
##
|||Incoming|Resources||Movement|
|---|---|---|---|---|---|
|||resources|expended||in funds|
|||E|E||E|
|Unrestricted
funds||||||
|General fund||1,535,703|(1,464,652)||71,051|
|Designated
Fixed Asset Reserve|||(35,980)||(35,980)|
|||1,535,703|(1,500,632)||35,071|
|Restricted funds||||||
|Trips g. Events||2,500|(2,500)|||
|Subsidised
Meals||19,794|(14,334)||5,460|
|Quartet
Foundation||2,181|(2,277)||(96)|
|BOP||18,500|(9,996)||8,504|
|Moorlands
Decoration|||(141)||(141)|
|Xmas toys/books||589|(60)||529|
|Children
with SEN
StJohns Language|for Life|400
2,720|(403)
(2,654)||(3)
66|
|Replacing
Boiler Heating system|||(1,296)||(1,296)|
|Stay and Play||5,730|(7,075)||(1,345)|
|Waitrose Childhood|Nature||(500)||(500)|
|||52,414|(41,236)|.|11,178|
|TOTAL FUNDS||1,588,117|(1,541,868)||46,249|
##
##
|||||Net|Transfers|Transfers||
|---|---|---|---|---|---|---|---|
|||||movement|between||At|
||||At 1.4.21|in funds|funds||31.3.22|
||||f|f|f||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|Childhood|Nature||500|||500|
||||89,792|5,267||197|95,256|
|TOTALFUNDS|||1,875,870|(52,002)|||1,823,868|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources
f|expended
E|in funds
f|
|Unrestricted
funds|||||
|General fund||1,292,396|(1,313,886)|(21,490)|
|Designated
Fixed Asset Reserve|||(35,779)|(35,779)|
|Restricted funds||1,292,396|(1,349,665)|(57,269)|
|Trips Ik Events||2,533|(2,533)||
|Subsidised
Meals
Quartet
Foundation||9,946
1,175|(11,757)
(708)|(1,811)
467|
|Moorfands
Decoration|||(241)|(241)|
|Xmas toys/books||731|(731)||
|Children
with SEN
StJohns Language
TheoryofChange
Consortium
order|for Life
Moorlands|1,200
2,880
1,618|(1,397)
(1,552)
(1,618)|(197)
1,328|
|||181|(181)||
|Replacing Boiler 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)|
##
##
##
##
|Detailed Statement ofFinancial Activities
for the Year Ended 31March 2023|||
|---|---|---|
||31.3.23|31.3.22|
||f|E|
|INCOME AND ENDOWMENTS|||
|Donations and legacies|||
|Donations
and fundraising
Grants|6,757
52,414|11,953
23,292|
||59,171|35,245|
|Other trading activities|||
|Community
lettings
Misc Income|29,212
236|16,824
4,377|
||29,448|21,201|
|Investment
income|||
|Deposit account interest|2,163|45|
|Charitable
activities|||
|Incoming Resources|1,497,335|1,262,125|
|Total incoming
resources|1,588,117|1,318,616|
|EXPENDITURE|||
|Charitable
activities|||
|Wages
Social security
Pensions
Other operating
leases
Rates and water
Insurance
Light and heat
Sundries
Other Staff Costs
Service Costs
Catering Costs
Information
Technology Costs|1,094,399
64,697
46,660
6,412
8,525
8,205
14,286
14,184
81,721
61,588
31,363|980,257
54,353
40,806
6,400
3,507
7,241
11,943
(19)
15,737
49,410
57,841
34,605|
|Administrative
Costs
Specia
I projects
Repairs and renewals
Carried forward|14,440
6,878
37,520
1,490,878|15,891
8,465
29,402
1,315,839|
##
|||31.3.23|31.3.22|
|---|---|---|---|
|||f|E|
|Charitable
activities||||
|Brought forward
Bad debts - Fees written
off
Improvements
to property
Computer
equipment||1,490,878
3,580
35,980|1,315,839
9,708
35,341
438|
|||1,530,438|1,361,326|
|Support costs||||
|Finance||||
|Bank charges||3,894|2,153|
|Governance costs||||
|Auditors'
remuneration
Accountancy
and legal fees||6,236
1,300|6,000
1,139|
|||7,536|7,139|
|Total resources expended||1,541,868|1,370,618|
|Net income/(expenditure)||46,249|(52,002)|