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 fO￿S 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 Wit1￿Ut 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 LeCtU￿r 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 be￿e@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 Se￿iCe 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 conf￿ent 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 chan￿S 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 Ac￿sS 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 Se￿1￿$ 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 a￿1 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 Compan￿5 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
CoMpan￿S 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 e￿Or 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
Charte￿d 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 be￿een the carrying value of f￿ed
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$12023: £Nill, During
the year four Trustees had children in First Steps nurseries, they paid the full rate for all services used
and so received no benefit as a result of their role as Trnstees.
Trustees, expenses
There were no trustees, expense5 pald for the year ended 31 March 2024 nor for the year ended
31 March 2023.
10. STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Social security costs
Other penslon costs
1.290.193
76,985
53,398
1,094,399
64,697
46.660
1,420,576
1,205,756
The average monthly number of employees during the yearwas as follows:
31.3.24
49
31.3.23
46
Delivery of Children's & Family Serlices
Management and Administration
53
51
No employees recelved emoluments in excess of £60,000.
The key management personnel of the charity comprise the trustees, the Chief Executive Officer,
Finance and Administration Manager, a Chlldren'$ Servi￿5 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