REGISTERED COMPANY NUMBER.. 02656485 (England and Wales) REGISTERED CHARITY NUMBER: 1012690 First Steps (BATH) Report of the Trustees and Financial Statements for the year ended 31" March 2024 IN PARTNERSHIP WITH Bath & North Easl Somerset Council Ste Bath Charlty registration number 1012690 Reglstered Company number 0265648S
Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Report of the Independent Auditors 10 to 13 Statement of Financial Activities 14 Statement of Financial Position 15 Statement of Cash Flows 16 Notes to the Statement of Cash Flows 17 Notes to the Financial Statements 18 to 32 Detailed Statement of Financial Activities 33 to 34
First Ste Bath Re rt of the Trustees for the Year Ended 31 March 2024 CHAIR'S REPORT 2024 l am pleased to report on another year when First Steps has made good progress on the objectives we have set ourselves. We wish lo provide local, quality, all year around nursery care, and a support hub for families with preschool children. Our fOS on the community has Gontinued, and over half our staff live in the areas where we work. A particular challenge for us, along with other similar settings. has been to ensure that we have maintained target levels of staffing during the year Wit1Ut sacrificing quality and standards. We have sought to be as flexible as we can on providing fair remuneration levels and working hours, as well as in the overall support provided to staff. We have provided various training opportunities, including encouraging staff to work towards Dingley's promise 'Mark of Achievement,, arid additional training to support Special Educational Needs. We hope to develop these further in the year ahead. Our overall financial position remains sound and we have been able to Invest In the development of services at all three of our settings from Firsl Steps reserves. We have successfully completed the Bath Opportunity Preschool's move to new premises, having been awarded the contract for a further five years, allowing us to continue to provide this valuable service. We have improved the garden and outdoor facilities at Twerton and made better use of our premises at Moorlands. We have provided free school meals to around a quarter of our children most in need. None of this would have been possible without the generosity of our many and varied funders, and I thank them for thelr support. Funding allows us lo respond more posrtively to the many opportunities to develop our services. The importance of the preschool years to a child's development is now well recognised, and the recent changes in early years entitlements will increase the demand for the services we provide. l am confident First Steps is In a good position to respond to these. I have now completed nine years as a First Steps trustee, six of them as chair, and have decided to step down at the end of this year. It Is important Ihat Boards are regularly refreshed with new people with new ideas. I have continually been impressed by the quality of the staff at all levels. and by the comrnitment of parenls, volunteers and funders. Particularly I want to thank the excellent group of truslees that I have had the opportunlty of working with. Without exception they have provided thoughtful comment and advice, as well as, most importantly, time to support many different areas of our activities. I will miss being an active part of this. Besl wishes Ken Littlewood Chair of Trustees
TRUSTEES. ANNUAL REPORT The truslees who are also directors of the charty for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounttng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2022). STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document. a deed of trust, and constitutes a limited company, limited by guarantoo, as defined by the Companies Act 2006. REFERENCE AND ADMINISTK4TIVE DETAILS hair en Littlewood Retired Business Executive ice Chair anet Rose irector ice Chalr Ilsabeth enlor Lecturer and Deputy Head. Department of 8cking Education. University of Balh Tom Wllliams anagement Accountant Isob81 Michael undralser Kate Tuckwell enior LeCtUr of Social and Policy Sciences eg North etired local govemment officer arina Sloan pecialist Speech & Language Therapist ike Tumer anager Director Simort Andrews '. roject Manager al Wheeler etired Health Visltor Jayanna Witt .Parent Denotes parents whose children used First Steps (Balh) services during ihe year. enior Management Team oz Lambert arah Elliott harfotte Miller reasurer ther trustees Resigned Oct 2023 Resigned O¢12023 hief Executive Finance & HR Manager and Company Secretary hildren's Services Manager- Moorlands Maternity Leave Jan 23 oOct23 Resigned Au8 2023 ian Barnett ing Children's Services Manager - Moorlands hildr8n's Services Manager- Twerton ouise ewings tefanle albyoff 2656485 (England and Wales) hildren's SeNices Manager- BOP egistered Company umber Registered Charlty urnber egistered Office 1012690 s S Elliott. Woodhouse Road, Twerton, Bath, BA2 1 SY nfo@firststepsbalh.org.uk -firslstepsbath.org.uk -mail ebsite
TRUSTEES. ANNUAL REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal Structure First Steps (Bath) is govemed by a Charity Board of Trustees. which includes parents using our sejvices and local professionals. The Board's membership refleGts key stakeholders in the local community including local public seNices, local businesses, independent consultants. voluntary or98nisalions, and schools. Trustees Iherefore bring a wide range of individual skills and experience lo the Board. The Trustee Board. which met five times during the year, makes decisions on the annual budget, formulates policy. and considers strategi¢ issues which affect the charity. At the Annual General Meatlng Ihe Trustees el8¢t the Chairperson. The Trustees of First Steps (Bath) delegate the day-to4ay running of tho charity to the Chlef Executive and Senlor Management Team, who attend Truste8 Board meetings In an advisory capacity. The Trustee Board has power to require the Chief Executive and members of staff to withdraw from tneelings whenever confidential matters are being discussed. Re¢rultment and appolntment of Trustee Board members Recruilment of new Trustees is ongoing- interested potential Trustee$ are invited to submit a CV and meet with the Chair of Tnjstees and CE bèfore attending a Board meeting as an observer. Befor& b8ing nominated for election, th8 procedures for safe recruiknenl are followed. Trustee Induction and Trainlng The structure and process of new TTUStee Induction and tralnlng has been developed as part of the recrultment of new Trustees. Information packs containing copies ol the financial statements. Memoranda and Articles of Associatlon. and recent Board Meeting Minutes are wowded. An invitats'on is made to visit staff and volunteers, Training is offered through specific sessions tailored lo meet the needs of current Truslees. Risk Management The Tiustee Board has responsibility to manage risk within the charity. They have updated and reviewed risks within the year and agreed on a schedule of actions to mitigate the identrfied risks. Any updates to the risk assessments are brought to Board meelings and the risk assessments are reviewed by the Board annually, Related partles No trustees receive remuneration or other b8nefit from Iheir work with the charity. Any contractual relationship with a related party bee@n a trustee and senior manager of the charity must b8 disclosed to the full board of Injstees. In the current year. no such related party transactions were reported. AIMS Our Mission First Steps has a governing documenl (Memorandum and Articles of Association dated 10 Jun8 1992) which sets out our'objects, as a charity. These have been summarised inlo our mission: °To WO in partnership with children. families, colleagues and the communily by b*ng a Trsponsive. infonned, reflective and innovalive provider of 8arly y88rs' education, childcare and integraled family services" In pursuing this mlsslDn First Steps will dellver value to: Children. through accèss to quality integrated care, play and early learning opportunities. Families, through a range of services which are rèsponsive to their individual needs, emphasising bringing services to families. Staff, by maintaining a slimulating environment that encourages innovation and best practlce and developing and implementing a coherent range of policies understood and valued by all. Other stskeholders. Ihrough our commilmenl to working collaboratively wilh professionals from other disciplines, sharing expertise and exploiling opportunities in areas of common interest. To guide our actions as an organisalion and ensure a cullure of shared values and direction we: Work in partnership not in compelition. Are committed to an integrated SeiCe approach that brings professionals from various discipllnes together. Foster an ethos of providing professional support in a non-iudgmenlal and non-sligmatising way. Encourage open-mindedness wlhin our practice and ensure that our policies are suffi¢iently flexible lo admit new ideas. Respect parents as partners in their children's educational and developmental progress.
TRUSTEES. ANNUAL REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) Our guiding principles Create a culture that values and celebrates chitdren and families in a way that strengthens ourcommunily. Seek new ways of doing things, explore new approaches. and are open lo learnlng from others. Measure our success by the way we deliver our commitment to better outcomes for children and families. OBJECTIVES AND ACTIVITIES The principal objectivés of First Steps (Bath) are to advance the development of 8ducation of children below compulsory school age (by encouraging parents to understand and provide for the needs of their children) in particular through the provision of safe and satisfying group play in which parents have the right to take part and by enccuraging the study of the needs of children and their families and by promoting public interest in and recognition of such needs in the City of Bath and as a result of the provlsion of such facilities to relieve cases of need hardship or distress. This work is conducted through two Community Nurseries, First Steps Twerton and First Steps Moorlsnds and an Early Years Speciallsl service, First steps Bath Opportunity Preschool. {BOP). A contract with the Local Authority lor early years specialist provision funds BOP. In shaping these priorities and planning our activities the Trustees have considered the Charlty Commission's guidance on public benefit. The Trustees undgrtake an annual review of day care fees: in setting the level of fees and concessions, the Trustees giv8 careful consideration to ensuring the accessibility of the service for those on low Incomes. Our Purpose In shaping our obl8cliv8s lor the year and planning our activities, the trustees have consld8red the Charlty Commission's guidance on public benefiL including the guidan 'public benefit: running a chaTlty (PB2)'. Our Partners MuGh of our work is delivered in partnership with other agencies. to provide integraled 'seamlgss' support for children and families when they need it. Examples of the partners include: HCRG Care Group - Health Visitors have an office in W¢Jodhouse Road dellvering the Healthy Child Programme. Speech & Language service.. We use the pupil premium lunding to pay for a speech and language theraplst embgdded within our services to provide special projects or groups wilh children,. screening and Individual work with children and advice and training for staff to enhance the usual support. In addition. First Steps is part of Ihe. The project aims to close the petsistenl word gap that impacts children's later outcomes, thereby making significant differen in their lives. The project also supports preschool children to reach their age-related expectatlons in communication and language development before they transition into primary school settings in Bath and Keynsham. Olher health professionals. e.g., community paediatricians, and occupational therapists - provide staff with advice and guidance. and individual work with children and families. Action for Children - family support workers delivering the Children's Centre Service have an office at Woodhouse Road. Parenting programmes and svpport groups are delNered from Ihere. Local Authority Children's Services - First Steps provides placements for 'children in need, andlor hildren who are the subje¢l of a child protection plan. and '¢hild-friendly' venues for conta¢1 sessions. Local Authority Early Years and Special Educational Needs teams. Southside Family Projecl: supporting families with complex needs. Lacal schools, partiGularly our neighbours: Moorland5 Schools Federation and Twerton Infants School. B&NES Brlghl Slart Children's, Centre's: joint worklng or training. collaboration and sharing good pra¢tl¢e. Balh Spa University, University of Bath. Norland Collage and other training providers. local co118ges, and schools.. First Steps acts as a tralnlng base for a range of student placements.
TRUSTEES. ANNUAL REPORT OBJECTIVES AND ACTIVITIES ACHIEVEMENT AND PERFORMANCE. Our achievoments for 2023 - 2024 Priorlty One: To continue wlth the ambitious vision to deliver universal, inclusive children care and education, high expectations for children's achievement and high standards of provision. Ensure that a sharp focus is placed on improving the life chances of children through accurate evaluation of provision through information gathered from. children. parenls. staff and linked professlon81s and data from children's assessments. To embed the concept of childhood naturè. the idea that children are nature. that human health and well-belng are linked to the environment and that adults have a responsibility to ensure that children have access lo nature and opportunities to explore the nalural world, that children are encouraged to be active citizens and are encouraged in appropriate ways to embed sustainability. To promote healthy and sustainable living for children's families and the community. Continued to use the Thrive Approach a powerful assessment and interaction tool that supports children's emotional and social development. Consultation with staff, parents. and Carers. Locally employed 55Y• of the staff team. Increased opportunilies for staff development and progression Embedded new nursery software, improving communication with families. 96DA of children attend nursery for more than 11 hours a week. which is the time that research indicates supports children to benefft m05t from their Early Years Education. Successfully moved the BOP Bath Opportunity Preschool to new premlses. Priority Two.. To further develop the concepl of Community Nursery and Early Years Centre through the delivery of services that raise the profile of the earfy years in a child's lrfe and are responsive to family needs and special educalional needs. Taking actions to build an organization that includes the volce of mlnority groups. Prlorlty Three: To furlher develop the Social Enterprise Model. exploring new funding and trading opportunities, employing a mixed model of funding to support special projects that meet community need. Secured ongoing funding to support Stay and Play sessions for children with Special educational needs, thirty-0 families attended across the year. Fundraised to deliver quality services and free meals to chiklren from low-income families, Loaned home learning bags to families and held home leaming sessions wilhin the nursery. Mainlalned occupancy to capacity- Created Increasgd Income from room rental. Prlorlty Four.. To enabl8 Ihe trustee board to reflect the voice of the community of families that services work with. (locality and community olneed) to ensure confent decision making and understanding of theirrole and responsibilities and are ready to be accountable to families with young children who use Flrst Steps services. We have recruited three new IfUStee5 to Ihe board. Our priorities for 2024 - 2025 are: Priorlty One: To continue wtlh the ambitious vision lo deliver universal. inclusive children care and education, high expectations for children's achievement and high standards o* provision. Ensure that a sharp focus is placed on improving the life chanS of chiklren through accurate evaluation of provision through inlonnalion galhered from. children, parents. staff and linked professionals and dala from children's assessments. To embed the concept of Childhood nature. the idea that children are nature, and that human health and well- b6ing arè linked lo the environment and thal adults have a responsibility to ensure that children have access to nature and opportunities trj explore the naknral world, that children are encouraged to be active citizens and are encouraged in appTopriale ways to embed suslainabillty. To promote healthy and sustainable living for children's famllies and the community
Priority Two: To further develop the concept of Community Nursery and Early Years Centre through the delivery of service5 that raise the profile of the early years in a child's life and are responsive to family needs and special educational needs. Taking action to build an organization that includes the voice of minority groups. Prlorlty Three: To further develop the Social Enterprise Model, exploring new funding and trading opportunities. employing a mixed model of funding to support special projects that meet community needs. Prlority 4: To secure the necessary funding to successfully complete refurbishment projects at our Twerton and Moorlanés facilities, as well as at the BOP site. In addition, lo supporting expansion initiatives at the Twerton location. Our focus is on enhancing our facilities to better serve our community and stakeholders. FINANCIAL REVIEW There has been increase demand for our services during the year with services being full during peak sessions. The significant features of the finances during the year are as follows- Nursery income - Nursery fee income was up by 13¥0 to £1.296.112 from the previous year. Speclalist Service Contract- The specialist Service contract ended in August 2023 with Ihe new contract being awarded to First Steps with B&NES to provide a specialist service from September 2023 to August 2027 with a contract value of £250,368 per annum. Fundlng from B&NES - Payments to support Inclusion from Social Services which are dependent on individual children's needs were lower than budget expectations and down compared to last year. Additional income was received for children whose families have opled for delayed school entry compared to last year. A higher number of children were eligible for the Disability AcsS Fund and Early Years Pupil Premium. Income from Charitable Actlvities - the Increase in nursery fee income has rneant Income from charitable activities has grown by £150,892,. to a total of £1.648,227 (2023.. £1,497,335). Employment costs - at £1,420.577 these have risen lo 78Vo of all spending on unrestrlcled activities an Increase of 20/0 lo the previous year which was du8 to rislng employment costs and an increase in slaff to support addilional children, partlcularly those wilh special e(Jucalion needs. Other dlreet Costs - of £213.559 which Include the relocation of a service and additional SEN training have increased compared to the previous year by £62.873 (2023: £150,686), The assessed value of free meals for children increased to £19,073 (2023: £14,334) which was funded by restricted and unrestricted donations. Overheads - amount to £224,859, which was a 21 % increase on the previous year due to increased premises costs, redecoration of Se1$ and inflalion. The overall result for the year was a deficit fund of £132,360 (2023.- £46.249 surplus). The movement in funds, is a result of a deficit of £6.281 on restricted funds, a movement In funds to the designat fixed asset fund of a defScit £28.222 and a deficit on unrestricted funds of £97.857. Reserves pollcy The trustees have carefully considered the level of free reserves that should be maintained to safegu8rd our obligations under our contract and the needs of users of First Steps Services. The trustees have agreed that the minimum free resetves should amount to no less than 2 months. total expenditure based on budget expectaticns in the new financial year, vthich is approximately £302.000. Currently unrestricted reserves amount to £302.428. Considering the Current economic climate on our business and indirectly wlth our service users and the impact on our ability lo raise funds in the future. in addition lo the effect of lower infflation rates a1 high demand for service the trustees are satisfied with the current level of reserves.
TRUSTEES. ANNUAL REPORT FINANCIAL REVIEW (continued) Fixed assets Movements in fixed assets are sel out in Nole 13 to the financial statements; there were three additions lo fixed assets during the year totalling £10.804 which relale to a new automati¢ door £6.150. a new181ephone syst8m £2.623 and Bike 2 Work scheme £2,031 (2023, £12.156). Planning for the future Trustees have used the Theory of Change model to support dectsion-making and are Continuing to ensure that diversity is represented within services is also reflected further up the organisation. We recognise that this is a slow process but one that néeds to be buill with substance and commitment. Financial decisions have been made to strengthen the Workfo and improve buildings to secure quality for fulure years whilst avoiding undue financial pressures on parents. This will sècure all services with the expansion of Ihe Early Years Entitlement and particularly the Early Years speciallst service. STATEMENT OF TRUSTEES, RESPONSIBILrfiES The trustees (who are also the directors of First Steps {Bath) for Ihè purpose5 of company law) are responsible for preparing the Report of the Tmstees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AcGounting Practice) Including Financial Repor1ing Standard 102 The Financial Reporting Standard applicable in the UK and RepubliG of Ireland.. Company law requires the Iruslees to prepare financial statements for each financial year whlch give a true and fair view of the slate ol affairs of the charitable company and of the incoming resources and application of resources. includlng the Income and expenditure, of the charilable Company for that perlod. In preparing those financial statements. the trustees are required lo select sultable accounting policies and then apply them conslstentlyi observe the method5 and principles in the Charity SORP,, make judgements and estimates thal are reasonable and prudent: prepare the financial statements on Ihe going concern basis unless it is inappropriate to presume Ihat the charitable cornpany will continue in business. The trustees are responsible for keeping proper a¢¢ounting records which disclos8 With reasonable accuracy at any lime the financial position of the charitable company and to enable them to ensur8 that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and h8n¢e for taking reasonable steps for the prevention and delectlon of fraud and othèr Irre9ularllies. In so far as the trustees are aware: there Is no relevant audit information of whlch the charitable Compan5 audltors are unaware., and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audil information and lo establish that the audilors are aware of that infom)ation. AUDITORS The auditors Moore will be proposed for re-appoinlment at Ihe forthcomlng Annual General Meetlng, Report of the trustees. incorporating a strategic r8POrt. approved by order of the board of trustees, as Ihe company directors, on 171h July 2024 and signed on the board's behalf by.. K Littlewood - Trustee
ort of the Inde First ste Bath endent Auditors to the Members of Opinion We have audited the financial statements of First Steps {Bath) (the 'charitable company.) for the year ended 31 March 2024 which comprise the Statement of Financial Activities. the Statement of Financial Position, the Statement of Cash Flows, and notes to the financial statements, including a summary of significanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland,. In our opinion Ihe financial statements: give a true and fair view of the state of the charitable company's affalrs as at 31 March 2024 and of its incoming resources and application of resources, including its incorne and expenditure. for the year then ended", have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pradice, including Financial Reporting Standard 102 'Th8 Financial Reporting Standard applicable in the UK and Flepublic of Ireland,; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit In accordance wlth International Standards on Audlting (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are Independent of the charitable company in accordance with the ethical requirements that are relevant to our audlt of the linanclal statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sulricient and appropriat8 to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the golng concem basis of accounling in the preparation of the financbal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable CoMpanS ability to conlinue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilitles of the Irustees with respect to going concern aro described in the relevant sections of this report. io
Re ort of the Inde First Ste Bath endent Auditors to the Members of other inforniation The trustees are responsible for the other infonnation. The other infomation comprises the information included in the Annual Report, olher than the financial statements and our Réport of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other informalion and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibllty is to read the other information and, in doing so, consider whether the Dther information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselv8s. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on olher matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken during the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial staternents; and the Report of the Trustees has been prepared in accordance with applicable legal requirements, Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained during the audit, we have not identified material misslatements in the Report of the Trustees. We have nolhing to report in respect of the following matters where the Companies Act 2006 requlres us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not vislted by us; or the financial statements are not in agreement wilh the accounting records and returns; or certain disclosures of trustees, remuneration specffied by law are not Made: or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As 8xplained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial stalements and for being satisfied that they give a true and fair view. and for SUGh internal control as the trustees delermine is necessary to enable the preparation of financial statements that are free from mateiial misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable companls ability to continue as a going concern. disclosing, a5 applicable. matters related to going concern and using the going Concern basis ofaccounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. li
Re ort of the Inde Firsi ste Bath endent Auditors to the Members of Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran about whether the financial statements are free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misststement when it exists. Misstatements can arise from fraud or eOr and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken based on these financial slatements. The extent to which our procedures can detect irregularities, including fraud is detailed below: Explanation as to what extent the audit was ¢onsidered Capable of detecting irregularltles, including fraud The objectives of our audil in respect of fraud, are to identify and assess the risks of material misstatement of the financial statements due to fraud: to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due lo fraud, through designing and implementing appropriate responses to those assessed risks; and ID respond 8ppropriately to instances of fraud or suspected fraud identified during the audit. However. Ihe primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company. Our approach was as follows: We obtained an understsndlng of the legal and regulatory requirements applicable lo the company and considered that the most significant are the Companies Act 2006. UK Financial Reporting Standards and UK taxation legislation. We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with govemance. We assessed the risk of material misstatement of the financial statements, including the rlsk of material misstatement due to fraud and how it might occur, by holding di5CU5sions with management and those Charged with governance. We inquired of management and those charged with governance as to any known instances of non- compliance or suspected non-compliance with laws and regulations. Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with govemance and obtaining addilional corroborative evidence as required. A further description of our responsibilities for Ihe audit of the financial statements is located on the Financial Reporting Council's website al ww.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 12
Re ort of the Inde First Ste Bath ndent Auditors to the Members of Use of our report This report is made solely to the charitable company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we ight state to the charitable companls members those matters we are required to state to them in an 8uditors' report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we have formed. Mark Powell (Senior Statutory Audilor) for and on behalf of Moore Charted Accountants and Statutory Auditor 30 Gay Street Bath BA12PA Date: 13
First Ste Bath Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Designated Fixed Asset Reserve Fund Unrestricted funds Restricted funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5.340 27,139 32,479 59,171 Charitable activitles Charitable Activities 1,648.227 1,648,227 1,497,335 Other trading activities Investment Income 38,207 7,721 38,207 7,721 29,448 2,163 Total 1,699,495 27,139 1,726,634 1,588,117 EXPENDITURE ON Charltable activltles Charitable Activitie5 1,786,548 39,026 33,420 1,858,994 1,541,868 NET INCOME/(EXPENDITURE) Transfers between funds (87.0531 110,804) (39,0261 10,804 16,281) {132,360) 46,249 18 Net rnovement in funds (97,857) {28,2221 (6,281) 1132,3601 46,249 RECONCILIATION OF FUNDS Total funds brought fonward 400.285 1.362,050 107,782 1,870,117 1,823,868 TOTAL FUNDS CARRIED FORWARD 302,428 1.333,828 101,501 1,737,757 1,870,117 14
First Ste Bath Statement of Financial Position 31 March 2024 31.3.24 31.3.23 Designated Fixed Asset Reserve Fund Unrestricted funds Restrirted funds Total funds Total funds Notes FIXED ASSETS Tangible assets 13 1,333.828 1,333,828 1,362.050 CURRENT ASSETS Stocks Debtors Cash at bank 14 Is 743 30,161 423,129 743 30,161 524,630 939 129,497 446.880 101,501 454,033 101,501 555,534 577,316 CREDITORS Amounts falling due withln one year 16 (151,605) 1151,6051 {69,2491 NEf CURRENT ASSETS 302,428 101,501 403,929 508,067 TOTAL ASSEfs LESS CURRENf LIA81LITIES 302,428 1,333,828 101,501 1.737,757 1,870,117 NEf ASSETS 302,428 1,333.828 101,501 1,737,757 1,870,117 FUNDS Unrestricted funds Restrirted funds 18 1,636,256 101,501 1,762.335 107,782 TOTAL FUNDS 1,737,757 1,870,117 The financial statements were approved by the Board of Trustees and authorised for i55ue on and were signed on its behalf by: Ken Littlewood. Chair of Trustees 15
First Ste Bath ststement of Cash Flows for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operatrng activities Cash generated from operations 80.833 22,776 Net cash provlded by operating attivities 80,833 22,776 Cash flows from investing actfvltles Purchase of tangible flxed asset5 Interest received {10,804) 7,721 112,156) 2,163 Net cash used in investing activities {3,083) 19,9931 Change In cash and cash equlvalents In the reporting perlod Cash and cash equlvalents at the be8innln8 of the reporting period 77,750 12,783 446,880 434,097 Cash and cash equivalents atthe end of the reporting perlod 524,630 446,880 Is
First ste Bath Notes to the Statement of Cash Flows for the Year Ended 31 March 2024 RECONCILIATION OF NEf (ExpENDITURE)NCoME TO NET CASH FLOW FROM OPERATING AcfiviTIES 31.3.24 31.3.23 Net (expendlture)/income for the reporting period (as per the Statement of Flnancial Activities) Adjustments for: Depreciation charges Interest received Decrease in stocks Decrease/(increasel in debtors Increase in creditors {132.3601 46,249 39,026 {7,7211 196 99,336 82,356 35.980 {2,1631 117 {60,307 2,900 Net cash provided by operatlons 80,833 22,776 ANALYSIS OF CHANGES IN NEf FUhlDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank 446,880 77,750 524,630 446,880 77,750 524,630 Total 446,880 77,750 524,630 17
First Ste Bath Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparing the financial statemenls The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: The financial stal8ments of the charitable company. which is a public benefit entity under FRS 102. have b&en prepared in accordance with the Charilies SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effecllve 1 January 2019),. Financial Reporting Slandard 102 The Financial Reporting Standard applicable in the UK and Republic of Irèland. and the Companies Act 2006. First Steps {Bath) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially COgnIsed at historical cost or transaction value unless otherwise stated in Ihe relevant a¢¢ounling poll¢y notes. Golng Concern As stated in the financlal review section of the annual report the Trustees are confident It wlll be able to meet its obligations as they fall du& for a minimum period of at least 12 months from Ihe date of signing. These financial statemenls are therefore produced on a going-concem basis. Ineom All incoming resources are included in Ihe statement of financial activities when the charity Is entitled to the Income and the amount can be quan1ified with reasonable ac¢ura¢y. The following specific policies are applied to categocies of income: Contracl and grant income is included as incoming resources in the perlod to which It relates When donors speclfy that donalions or grants are for restricted purposes, the income 15 included as incoming resources of restricted funds when receivable. Grants received are deferred and recognised through the slalement of financial activities in full when condillons for receipt are complied with Intangible in¢orne, including gifts in kind. is included al the trvslees, valuation when known. No amounts are included in the financial slalements for services donated by volunteers, Where incoming resources are for goods or services and, upon full performance of the service, any surplus funds can be retained and usad for general purposes. the incoming resources and relaled expendilure is treated as Unrestri¢ted. Resources expended and liabilities Expenditure Is recognised on an accrual basis as a liability is incurred. inclusive of any VAT where thls cannot be recovered. Llabllities are re¢ognised when the charity has an obligation to transfer economlc benefit as a resuK of a past transaction or evenL Tangible fixed assets Tangible fixed assets costing more Ihan £2.000 a Gapilalised and included at cost. Depreciation is calculated to wrile off the cost. less estimated residual values. of tangible fixed assets over their estirnated useful lives to the charity- 18
First Sle ath Notes lo the Financial Statem nts - continued for thè Year Ended 31 March 2023 ACCOUNTING POLICIES - continued The annual depreciation rates and methods are: Leasehold propety Evenly over a period of 50 years Fixtures. fittings. and equipment 10 or 25% stralght line A review of impairment of a fixed asset is carried out rf events or changes in circumstances indicate that Ihe carrying value of any asset may not be recoverable. Shortfalls beeen the carrying value of fed assets and their recoverable amounts are recognized as impairments. Imp8iment losses are recogni2ed in the Statemenl of Financial ktivities. Stocks Stocks are valued at the bwer of cost and nèt reallsable value, after makino du8 allowance for obsolete and slow-moving Items. Taxation The charlty is exernpt from corporatlon tax on its charitable activilies. Fund a¢countlng Funds held by the chaflty are ellher: Unrestricted - these are donations and other Income generated. for the objects of the charity wllhoul further specified purposes and which can be used in accordance with the charitabl8 objects at the discretion of the trustees. Reslrl¢led funds - these can onty be used for restricted purposes. the charity. as speclfied by the donor. Expenditure which meets these Criteria Is charged against thè fund. Further details of the funds are given In the Notes to the Accounts. Operatlng lease commltments Rentals appliGable to operating leases where substsnlially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of Ihe lease. Penslons The charily's employees are eligible lo participate in The Pension Trust's Defined Contribution Pension Scheme. The employerfs conlributions payable to this scheme are charged lo the income and expenditure account in the perlod to whlch they relate. 19
First Ste Bath Notes to the Finantial Statements- continued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations and fundraising Grants 5,340 27,139 6,757 52,414 32,479 59,171 Grants received, included in the above. are a5 follows: 31.3.24 31.3.23 Grants- Varlous 27,139 52,414 OTHER TRAOING ACTIVITIES 31.3.24 31.3.23 Community lettings Training Income Misc Income 32,966 25 5,216 29,212 236 38,207 29,448 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 7,721 2,163 20
First Ste Bath Notes to the Financial Statements- continued for the Year Ended 31 March 2024 INCOME FROM CHARITABLE AcfiviTIES 31.3.24 Charitable Activities 31.3.23 Total activities Incoming Resources 1,648.227 1,497,335 21
First Ste Bath Notes to the Financial Statements - continued for the Year Ended 31 March 2024 INCOME FROM CHARITABLE AcfiviTIES- contlnued Unrestricted Restricted Funds Fund5 Total 2024 Total 2023 Bath & North East Somerset Council: Disability Access Fund BOP Specialist Contract Social SeNlces: ISF 21,405 251,184 79,526 21,405 251,184 79,526 9,501 211,000 137,279 Total Revenue Funding 352,115 352,115 357,780 Nursery Fees & Related Fundlng: Early Years Entitlement Nursery fees charged to parents Early Years Pupil Premium 520,296 750,965 24,851 520,296 750,965 24.851 485.712 631,366 22,477 1,296,112 1.296,112 1,139,555 Total Income from charltable actlvltie5 1,648,227 1,648,227 1,497,335 2023 Comparatives 31.3.23 Charitable actlvities 31.3,22 Total activlties Incoming Resources 1,497,335 1,262,125 Unrestricted Restricted Funds Fund5 Total 2023 Total 2022 Bath & North East Somerset Councll: Disability Access Fund BOP Specialist Contract Soclal Services- ISF 9,501 211,000 137,279 9.501 211,000 137.279 6,930 201,667 119,656 Total Revenue Fundlng Nursery Fees & Related Fundln8: Early Years Entitlement Nursery fees charged to parents Early Years Pupil Premium 357,780 357,780 328,253 485,712 631,366 22,477 485,712 631,366 22,477 430,601 480,994 22,277 1,139,555 1,139,555 933,872 Total Income from charitable activitles 1,497.335 1.497,335 1,262,125 22
First Ste Bath Notes to the Financial Statements- contlnued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Charitable Activities 1,842,147 16,847 1,858.994 23
First Ste Bath Notes to the Financial Statements- continued for the Year Ended 31 March 2024 CHARITABLE AcfiviTIES COSTS - contlnued Unrestricted Funds Restrlcted Funds Total 2024 Total 2023 Dirert Costs: Employment costs Catering costs Staff costs (training costs, expen5e5 etc.) Special Projert5: Direct Costs Service costs Bad debts- fees written off. 1,407,445 59,061 13,132 13.124 1,420,577 1,205,755 72,185 61,588 69,097 51.455 18,441 2,380 69,097 51,455 18,441 2,380 61,003 6,878 17,636 3,580 Total Direct Costs 1,607,879 26,Z56 1,634,136 1,356,441 Overheads: Premises costs Administrative costs Information Technology costs Depreciation charges Support costs (See note 71 112,181 13.144 36,497 39.026 16,847 5,743 1,421 117,924 14,565 36.497 39,026 16,847 92,214 14,440 31,363 35,980 11,430 Total Overhead Costs 178.669 7,164 224,859 185,427 Total Costs of Charitable activities 1,825,574 33,420 1,858,994 1,541,868 2023 Comparatives Support costs (see) note 7 Dlrect Costs Total Charitable Activities 1,530,438 11,430 1.541,868 Unrestrlrted Funds Restricted Funds Total 2023 Total 2022 Direct Costs: Employment costs Cateri ng cost5 Staff costs Itrainlng cost5, expenses etc.) Special Projects: Direct Costs SeNice costs Bad debts - fees written off. Total Diiect Costs 1.205,755 61.588 1,205,755 1,075,416 61,588 57,840 19,767 6,878 17.636 3.580 1,315,205 41,236 61,003 45,243 6,878 8,465 17,636 8.306 3.580 9,708 1.356,441 1.204,978 41,236 24
First ste Bath Notes to the Finantlal Statements- continued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS - continued Overheads: Premises costs Administratlve costs Information Technology costs Depreclation charges Support costs (See note 71 92.214 14,440 31,363 35,980 11,430 92,214 14.440 31363 35,980 11,430 70,200 15.762 34,606 35,779 9,293 Total Overhe3d Costs 185A27 185,427 165,640 Total Costs of Charitable actlvttles 1,500,632 41.236 1,541,868 1,370,618 SUPPORT COSTS Governance costs Finance Totals Charitable Activities 4,648 12,199 16,847 2023 Comparative Governance costs Finance Total5 Charitable Attivities 3,894 7,536 11,430 NET INCOME/(EXPENDITURE) Net income/(expenditure) Is stated after charginFJ{credlting): 31.3.24 31.3.23 Auditors, remuneration Non Audit Services Depreciation- owned assets Other operating leases 6,500 1,375 39.026 3,088 6,200 1,300 35,980 6,412 25
First Ste Bath Notes to the Financial Statements - continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee's remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. No remuneration or expenses were paid during the year to any of the trustee$12023: £Nill, During the year four Trustees had children in First Steps nurseries, they paid the full rate for all services used and so received no benefit as a result of their role as Trnstees. Trustees, expenses There were no trustees, expense5 pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. 10. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Other penslon costs 1.290.193 76,985 53,398 1,094,399 64,697 46.660 1,420,576 1,205,756 The average monthly number of employees during the yearwas as follows: 31.3.24 49 31.3.23 46 Delivery of Children's & Family Serlices Management and Administration 53 51 No employees recelved emoluments in excess of £60,000. The key management personnel of the charity comprise the trustees, the Chief Executive Officer, Finance and Administration Manager, a Chlldren'$ Servi5 Manager for Twerton and a Children's SeThices manager for Moorlands and a Childrens Services Manager for BOP. The total ernployee benefits of the key management personnel of the Trust were £213,709 {2023:E229,648), 26
Flrst Ste Bath Notes to the Financial Statements . continued for the Year Ended 31 March 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Designated Fixed Asset Reserve Fund Unrestricted funds Restrirted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 6,757 52,414 59,171 Charitable acllvlties Charitable Activities 1.497,335 1,497,335 Othcr trading activities Investment income 29,448 2.163 29,448 2,163 Total 1,535,703 52,414 1.588.117 EXPENDITURE ON Charitable actlvities Charitable Actlvities 1,464.652 35,980 41,236 1,541,868 NEf INCOMVIEXP£NDITURE) Transfers between funds 71.051 13,5041 (35.9801 12.156 11,178 1,348 46.249 Net movement In funds 57,547 (23,8241 12,526 46.249 RECONCIUATION OF FUNDS Total funds brought forward 342.738 1,38S.874 95,256 1,823,868 TOTAL FUNDS CARRIED FORWARO 400,285 1,362,050 107.782 1,870.117 27
First Ste Bath Notes trj the Flnancial Statements- continued forthe Year Ended 31 March 2024 12. TAXATION First Steps (Bath) Is a registered charlty and accordingly is exempt from taxation on its income and capital gains, provided certain conditions are met. 13. TANGIBLE FIXED ASSErs Fixtures and fittings Leasehold Property Computer equipment Totals COST At l Aprll 2023 Additions 1,721,954 126.217 10,804 12,841 1.861,012 10,804 At 31 March 2024 1.721.954 137,021 12,841 1,871,816 DEPRECIATION At l April 2023 Charge for year 375.804 14,600 112,253 23,782 10,905 644 498,962 39.026 At 31 March 2024 390,404 136,035 11,549 537,988 NET BOOK VALUE At 31 March 2024 1,331,550 986 1,292 1,333,828 At 31 March 2023 1,346,150 13,964 1,936 1,362,050 14. STOCKS 31.3.24 31.3.23 Stocks 743 939 15. OEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued income 18,754 11,407 118,528 10,969 30,161 129,497 16. CREDITORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Other creditors 5,790 28,011 117,804 4,724 20,033 44,492 151,605 69,249 28
First Ste 8ath Notes to the Financial Statements - continued for the Year Ended 31 March 2024 16. CREDITORS: AMOUNT5 FALUNG DUE wrrHIN ONE YEAR - continued Deferred Income Bal Blf Fee income deferred 20,827 20,827 At the balance sheet date, the charity held funds received from parents for nursery fees invoiced in advance. 17. LEASING AGREEMENTS Mlnlmum lease payments under non-cancellable operating leases fall due as follows: 31.3.24 31.3.23 Within one year Between one and five years 1,620 3.420 1,187 2.362 5,040 3,549 18. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund Designated Fixed Asset Reserve 400,285 1,362,050 {87.0531 {39.0261 110.804> 10.804 302,428 1,333,828 1,762,335 1126,0791 1,636,256 Restrlrted funds Subsidlsed Meals Quartet Foundation Children with SEN Partnership With Parents Xmas toyslbooks St Johns Language for Life 5,460 371 95,585 518 S29 1,394 {5,460) 371 95,269 279 529 {3161 {239 11,3941 Stay and Play Replacing Boiler Heating system 3,421 $04 1.128 4,549 504 107.782 {6,281) 101.501 TOTAL FUNDS 1,870,117 (132,3601 1,737,757 29
First Ste Bath Notes to the Financial Statements- continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS- continued Net movement in funds, irKluded In the above are as follows: Incoming resources Resources expended Movement in funds Unrestri¢ted funds General fund Designated Fixed A55et Reserve 1.699,495 11,786,548) 139,026) 187,0531 139,0261 1,699,495 (1,825,574) 1126,079) Restrlcted funds Sub5idised Meals Children with SEN Partnership With Parents Panto/Sensory play St Johns Language for Life Stay and Play 7,571 9,295 113,031) (9,6111 12391 14001 (4,0541 15,4601 13161 (2391 400 2,660 11,394} 6.213 1.000 15,085) (1,0001 1,128 BHM- running hlgh 27,139 (33,4201 16.2811 TOTAL FUNDS 1,726,634 {1,858,9941 1132,360) General Fund The free reserves after allowin8 for all designated funds Desi£nated Fixed Asset Reserve fund Includes tangible fixed assets. property, fixtures and fittings, tomputer equipment and depreclation. Restricted Funds Children with SEN (previously named BOP fundl- to support SEN children to attend nursery through the provision of extra staff, specific SEN trainin8 or resources to meet the child's needs. Norlands Stay and Play-to provlde weekly family 5UPPOrt sessions for children with SEN needs. 30
First ste Bath Notesto the Financial Statements- Continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS- continued Comparatlve 2023 movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund Designated Fixed Asset Reserve 342,738 1,385,874 71.051 135.980) (13,5041 12,156 400,285 1,362,050 1,728,612 35,071 11,3481 1,762,335 Restrlcted funds Subsidised Meals Quartet Foundation Children with SEN Partnership With Parents Moorlands Decoration Xmas toys/books Panto/Sens0ry Play St Johns Language for Life Consortium order Moorlands 5,460 {96) 8,504 5,460 371 95.585 518 467 87,081 518 141 {141) 529 529 1,328 66 1,394 1.800 3,421 1,800 2,125 Replacing Boiler Heating system Stay and Play Waltrose Childhood Nature {1.2961 (1,3451 (sooi 1,345 soo 95,256 11,178 1,348 107,782 TOTAL FUNDS 1,823,868 46,249 1,870,117 31
First Ste Bath Notes to the Financial Statements- continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS - continued Comparative 2023 net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated Fixed Asset Reserrfe 1,535,703 {1,464,652} 135,980} 71,051 135.9801 1,535,703 11,500,632) 35,071 Restricted funds Trips & Events Subsidi5ed Meals Quartet Foundation Chlldren with SEN Moorlands Decoration Xmas toys/book5 PantolSÈnsory Plav St John5 Language for Life Replaclng Boiler Heating system Stay and Play Waitrose Childhood Nature 2,500 19,794 2,181 18,500 12,500} 114,3341 12,2771 19,9961 1141} 1601 14031 12,6541 11,2961 {7,0751 {5001 5,460 1961 8,504 11411 529 13) 66 (1,2961 (1,345) 1500) 589 400 2,720 5,730 52,414 {41,236) 11,178 TOTAL FUNDS 1.588,117 {1,541,8681 46,249 19. EMPLOYEE BENEFIT OBLIGATIONS The Charity is a member of The Pension Trust's Defined Contribution Pension Scheme. Contributions made by the charity amounted to £53,39812023:£46,660}. Year ended contribution5 Outstanding amounted to £Nil 12023:£Nil). 20. CAPITAL COMMITMENTS AND CONTINGErir LIABILITIES. At 31 March 2024 there were no capital commitments or contingent liabilities12023 None). 21. RELATED PARfi DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 32
First Ste Bath Detailed Statement of Financial Artivities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations and fundraising Grants 5,340 27,139 6,757 52,414 32,479 59.171 Other trading activities Community lettings Training Income Misc Income 32,966 25 5,216 29.212 236 38,207 29,448 Investment Income Deposit account interest 7,721 2,163 Charltable activltles Incoming Resources 1,648,227 1,497,335 Total Ineoming resources 1,726,634 1,588,117 EXPENDITURE Charitable artivities Wa8es Social security Pensions Other operating leases Rates and water Insurance Light and heat Other Staff Costs Service Costs Catering Costs Information Technolo8y Costs Administrative Costs Special projects Repairs and renewals Carrled for¥vard 1.290,193 76,985 53,398 3,088 9,533 9,428 12,463 25,383 80.282 72,186 36,496 14,536 51,455 65.315 1,800,741 1,094,399 64,697 46,660 6,412 8,525 8,205 14,286 14,184 81,721 61,588 31,363 14.440 6,878 37,520 1,490,878 33
First Ste Bath Detailed Statement of Financial Actlvities for the Year Ended 31 March 2024 31.3.24 31.3.23 Charitable actlvities Brought forward Bad debts- Fees written off Improvements to property 1,800,741 2,380 39,026 1,490,878 3,580 35.980 1,842,147 1,530,438 Support costs Finance Bank charges 4,648 3,894 Governance costs Auditors, remuneration Auditors, remuneration for non audit work Accountancy and legal fees 6,500 1,375 4,324 6,200 1,300 36 12,199 7,536 Total resources expended 1,858,994 1,541,868 Net (expenditurel/income (132,3601 46,249 34