REGISTERED COMPANY NUMBER: 02656485 (England and Wales) REGISTERED CHARifi NUMBER: 1012690 First Steps (BATH) Report of the Trustees and Financial Statements for the year ended 31" March 2025 IN PARTNERSHIP WITH Bath & North East Somerset Council First Ste Bath Charity registration number 1012690 Registered Company number 02656485
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 Activtties 14 ststement of Financial Position 15 ststement of Cash Flows Notes to th8 Statement of Cash Flows 17 Notes to the Financial Statements 18 to 32 Detailed Statement of Financial Activities 33 to 34
First Ste Bath ort of the Trustees for the Year Ended 31 March 2025 CHAIR'S REPORT 2025 l am delighted to present the Report of the Truste8s in my first year as Chair of Trustees. I would like to thank K6n Littlewood (former Chair), Roz Lambert and Sarah Elliot, together with the Nursery Managers and the exlIent Board of Trustees, for their support in rny transition to Chair from November 2024. l am proud to report on another successful year for First Steps, a highly committed and caring organisation. First Steps Nursery Continues to make determined progress towards its objectives, in particular, to offer local, quality, all year around nursery care, and a support hub for families with preschool Ghildren, The contribution of First steps Nursery to the local communities it sepies is exceptional 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 whilst continuing to develop quality and standards. We have sought to be as flexible as we can on providing fair remuneration levels and working hours, as well as providing support and professional development opportunities for staff. Excellent training opportuniti8s hav8 included work towards Dingley's promise 'Mark of Achievement,, as well as additional training to support Special Educational Needs. We are committed to continuing this in the year ahead. Our overall financial position remains sound- at the end of this financial year, we can be confident that the charity will continue a8 a going concern. This year we have been able to invest in the development of services at all three of our settings from First Steps reseNes. We have successftjlly 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 irnproved the garden and outdoor facilities at Twerton and made better use of our premises at Moodands. We have provided free school meals to around a quarter of our children rnost in need. None of this would have been possible without the generosity of our many varied funders, and I would like to thank them wholeheartedly for their support. Funding allows us to respond more positively to the many opportunities to develop our services. The Importan of the preschool years to a child's development is now well recognised, and the recent changes in early years, entitlements will inGrease the demand for the services we provide. l am confident First Steps is in a good position to respond to these. None of the successes of the past year would be possible without the determination of our high- quality staff, at all levels, together with the commitment of parents. volunteers, and funders. I particularly want to thank the excellent group of trustees that I work with. Together, the Tnjstees bring invaluable and diverse expertise and experience to ourwork. This year the Board has provided huge support, insights and advice at a time of change and challenges, not least in the funding and policy landscape. Thank you to our dedicated Board of Trustees who have supported many different areas of First steps activities and achievements over the year. Best wishes 15th July 2025 Elisabeth Barratt Hacking Chair of Trustees
TRUSTEES. ANNUAL REPORT The trustees who are also directors of the charify for the purposes of the Companies Act 2006, present their report with the financial statements of the Gharity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting 2nd Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in acGordance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS hair From Nov 24 Elisabeth Barratt Senior Lecturer and Head of Department of Hacking Education. Universty of Bath en Littlewood Retired Business Executive anet Rose Director Principal Tracey FaNiell Senior Manag8ment Consultant rom Williams Manag8m8nt Accountant hair Resigned Nov 24 ice Chair reasurer From Nov 24 reasurer Resigned July 24 Olher trustees From July 24 Isobel Mlchael Fundraiser and Prospect Researcher James Salkeld hief Executive 'Jayanna Witi Parent Lysha Goode arly Years Educator Marina Sloan pecialist Speech & Language Therapist Meg North etired local government officer Mir Abdullah ectur8r in Eclucation and PHD Student, University Miri f Bath Simon Andrews roject Manag8r al Wheeler etired Health Visitor Denotes parents whose children used First steps (Bath) serVIS during the year. Senior Management Team Roz Lambert From July 24 From July 24 hief Executive Sarah Elliott Finance & HR Manager and Company Secretary hildren's Services Manager- Moorlands Children's Servicès Manager- Twerton harlotte Miller Louise Hewings t8fanie albyoff 2656485 England and ales) 1012690 Children's SeNic6s Manager- BOP R8gister8d Company number Regist@r&d Charity umber 8gist8r8d Offic& s S Elliott, Woodhouse Road, Twerton, Bath, BA2 1SY info@firststepsbath.org, uk ,firststepsbath.org.uk -mail ebsite
TRUSTEES, ANNUAL REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational Structure First steps (Balh) is governed by a Charity Board of Trustees, which includes parents using our seNices and local professionals. The Board's m8mbership fIec1S key stakehold8rs in the local community, including local public services, IcKal businesses, independent consultants, voluntary organisations. and schools. Trust88s, th8refor8, bring a wide range of individual skills and experien to the Board. The Trustee Board, which met five times during the year, makas decisions on the annual budgat, formulates policy, and considers strategic issues which 8ffect the Charity. At the Annual General Meeting, the Trustees elect the Chairperson. The Trustees of First Steps (Bath) delegate Ihe day-to-day running of the charity to the Chief Executive and Sénior Management Team, who altend Trustee Board meetings in an advisory capacty. The Trustee Board has the pow@r to require the Chief Executive and memb&rs of staff to withdraw from meetings whenever confidential matters are being discussed. Recrultment and appolntment of Trustee Board members Recruilment of new Trustees is ongoing., interested potential Trustees are invited to submit a CV and meet with the Chair of Truslees and CE before altending a Board me8ting as an observer. Before being nominated for election, the procedures for safe reGruitinenl are ft>llowed, Trustee Induction and Training The structure and process cf new Trustee induction and training have been developed a8 part of the recruitment of new Trustees. Informatlon packs containing copies of the financial statemen15, Memoranda and Articles of Association, and recent Board hlleeting MinLrtes are provided. An invitation is made to visit the staff and volunteers. Training is offered through specrfic sessions tailored to m8et the needs of current Trustees. Risk Management The Trustee Board has the responsibility to manage risk within the charity. They have updated and r8viewed risks within the year and agreed on a schedule Df aclions to mitigate the identified risks as below, Any updates to the risk assessments are brought to Board meetings, and th8 risk assessm8nts are reviewed by th8 Board annually. Major IT Failure- SLA with established IT supplier and information stored in the cloud, 2FA enabled with regular staff training. A118gation of abuse - Employment policies a1 procedures with safer recruitment measures in place. Cle8r s8feguarding and child protection polici8s with training every 2 years. Recruitm8nl- Terms and Conditions above the industry average, with regular training offered. Chang8 in Govemmenl policy - Loss of funding, several income streams, and diverse adivilies. Related partles No trust68s receivè remuneration or other benefits from their worl( with the charity. Any contractual relatronship with a related party between a trustee and a senior m8nager of the charity must be disclosed to the full board of trustees. In the current year, no such related party transactions were reported, Alhls Our Mission First steps h88 8 govarnlng document (IVIemorandum and Articles of Association dated 10 June 1992) which sets out our'objects. as a charity. These have been summarised into our mission,, °To work in partnership with childtpn, families, colleagues and thg comn7unity by b8ing a responsiva, infomi8d, refleGtiv& and innovative providor of earty years, oduGation. childcar& and irtfegraled family services" In pursuing this mission, First Steps will deliver value to: Children, through accèss to quality integrated care, play and early learning opportunitie8. Families, through a range of services which are responsive to their individual needs, emphasising bringing services to families. Staff, by maintaining a stimulating environment that encourages innovation and best practlce and developing and implementing a coher8nt range of policies understood and valu8d by all. Other stakeholders, through our Gommitment ID collaborating with professionals from other disciplines, sharing expertise, and exploiting opportunities in ar&as of common interest.
TRUSTEES, ANNUAL REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) To guide our actions as an organisation and ensure a culture of shared values and direction, we.. Work in partnership, not in competition. Are committed to an integrated SeN1 approach that brings professionals from various disciplines logether. Foster an 8th08 of providing prof6ssional support In a non-judgmental and non-stigmatising way. Encourage open-mindedness within our practice and ensure that our policies are sufficiently flexib18 to admit innovative ideas. Respect parents as partner8 in their children's educational and developmental progress. Our gulding principl&s Create a cultur&that values and celebrates children and families In a waythat strengthens our community. Se8k new ways of doing things, explore innovative approaches, and are open to leaming from others. Measure our success by the way w@ deliver on our commitment to better outcomes for children and families. OBJECTIVES AND ACTIVITIES The prfncipal objectives of First Steps (Bath) ar8 to advance the development of aducation of children below compulsory school age (by encouraging parents to understand and provide for the need8 of their Ghildren) in particular through the provision of safe and satisfying group play in which parents have the right to take part and by encouraging the study of Ihe needs of children and their families and by prcmoting public interest in and recognition of 8UGh n88ds in the City of Bath and as a result of the provision of such facilities to relieve cases of n86d hardship or distress. This work is conducted through two Community Nurs@ries, First Steps Twerton and First Steps Moorlands and an Early Year5 SplalISt service, First Steps Bath Opportunity Prv3chool (BOP). A cOntrt with the Local Authority for early years speclalist provision funds BOP. In shaping these priorities and planning our activities, the Trustees have consldered the Charity Commission's guidance on public benefit. The Trustees undertak8 an annual review of day care fees,, in setting the level of fees and concessions, the Trustees give careful consid&ration to ensure the accessibility of the service for those on low incomes. Our Purpose In shaping our obj8Glives for the year and planning our activities. Ihe trustees have considered the Charity Commission's guidance on public benefit. including the guidance 'Public Benefit.. running a charity (PB2}'. Our Partners Much of our work is delivered in partnership with other agencies to provide integrated, s8amles8 SUPPOrt for children and families when they need it. Examples of the partners include.. HCRG Care Group - Health Visitors h8ve an office in Woodhouse Road d&livering the Healthy Child Progrdmm&, Speech & Language seNice,' We use the pupil premium funding to pay ft)r a speech and language therapist embédded within our services to provide special projects or groups with children, screening and individual work with children and advic8 and training for staff to enhance th& usual support. In addition, First Steps Is part of the language for life programme. The project aims to close the persisl@nt word gap that impacts childran's later outcomes, thereby making a significant difference in their lives. The project 3150 SUPPOrts preschool childr8n to reach their 8ge-related expectations in communicalion and language development before they transition into primary school settings in Bath and Keynsham. Other health professionals, 8.g., community paedi8tricians, and OCGupational therapists - provide staff with advice and guidance, and provide individual work with children and families. Action for Children family support workers delivering the Children's Centr8 Service have an office at Woodhouse Road. Parenting programmes and support groups are delivered from there.
TRUSTEES. ANNUAL REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT (contlnued) Local Authority Children's Services First steps provides placements for 'children in need, andlor children who are the subject of a child protection plan, and 'child-friendly' venues for Contact sessions. Local Authority Early Years and Special Educational Needs teams. Southsid6 Family Project.. supporting families with complex needs. Local schools, particularly our neighbours: Moorlands Schools Federation and Twerton Infants School. B&NES Bright start Children's Centre's.. joint workingltraining, collaboration and sharing good practice. Bath Spa Universty, University of B8th, Norland Colleg@ and other training provid8rs, local colleges, and schools.. First steps acts as a training base for a range of student plamentS. Twerton and Whiteway Network- First Steps is a founder organisatlon and part ofthe steering group to ensure that the voice of famili8S With childr8n under five is heard and knowledge ofthe services, groups, and activities across Twerton and Whiteway is shared. 3SG (Third Sector Group) in Bath, Flrst Sleps 18 an activ8 member of this independenl membership neOrk that supports the charity, social enterprise, faith, and voluntary sectors In Balh and North East Somerset (B&NES). OBJELTIVES AND ACTIVITIES ACHIEVEMENT AND PERFORMANCE. Our achievements for 2024- 2026 Prlorfty One: To continue wlth the ambitious vision to deliver universal, inclusive childr8n's care and education, high exptationS for children's achievement and high standards of provlslon. Ensure that a sharp focus15 plad on improving the life chances of children through accurate evaluation of provision through information gathered from Children, parents, slaff and Ilnked professionals and data from children's assessments. To 8mb(4d Ihe concepl of childhood natur8, Ihe idea Ihat children are nature, that human health 8nd well-being are linked to the environment and that adults hav8 8 r8sponsibility to ensure that children have access to nature and opportunities to explore the natural world, thal children are encouraged to be active citizens and are encouraged in appropriate ways Io 8mbgd sustainabilty. To promote healthy and sustain8ble living for children's families and the community. We have continued to employ Ic¢al individuals, with 600/0 of our staff residing within the service area wher8 th8y worl(, Staff turnover has remained below the targel at 150/0. staff have participated in leaming 8t levels 3, 5, and above. 960/0 of Children attend nursery for over 11 hours a week, which 18 the duration that research indicales maximises their benefits from Early Years Education, Excellent grades were awarded at the Ofsled Inspection for Moorlands and Twerton Nurseries. We consistently meet the requirements ofthe contract for the Specialist Early Years Service, BOP, Prlorlty Two.. To further develop the concept Of Community Nursery and Early Yaars Centre through the delivery of services that raise the profile of the early years in a child's life and are responsiv8 to family needs and special educational needs. Taking actions to build an organization that includes the voice of minority groups. All settings have continued to hold well-attended events thal involve parents in their children's care. BOP has continued lo deliver stay and play sessions, working with local children's centres to ensure that parents receive the guidance and pe8r support around children's special educational needs. Fundraised to cover most ofthe costs of a fun summ&r outing for children at Moorlands and Twerton. Raised funds to ensuré that children from low-income households accessed free. healthy meals and snacks. Demonstrating high standards when raising funds through signing up with the fundralsing regulator. Priority 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. Average occupancy at Twerton and Moorlands was above target. Adjusted sessions to ensure increased occupancy I ncreased Income from room rental
TRUSTEES, ANNUAL REPORT OBJECTIVES AND ACTIVITIES ACHIEVEMENT AND PERFORMANCE. Our achlevements for 2024- 2025 (continued) Prlorlty Four: To secure the nessary funding to succes8fully complete refurbishment projects al Twerton and Moorlands nurseries, as well as at the BOP site. In addition to supporting @xpansion initiatives at the Twerton location. Our focus 18 on anhancing our facilities to better serve our community and stakeholders. Obtained funding to expand the Twerton toddler room and refurbish community Bpac8s at Woodhousa Road. Increased the baby room spac& at Moorlancfs Improve storag& facilities at BOP. OBJECTIVES AND ACTIVITIES ACHIEVEMENT AND PERFORMANCE. Our prlorltles for 2025- 2026 are. Priority One.. To continue with the ambltious visb)n to deliver universal, inclusive children's care and 6ducation. high eXptatIonS for children's aGhi&vam8nt and high standards of provlsion, Ensure that a sharp focus is placed on improving the life chances of children through accurate evaluation of provision through information gathered from children, parents, staff and linked professionals and data from children's a3sessments. To embed the coiicept of Childhoodnature, the idea that children are nature and that human health and wellbeing are linked to the environment. That adults have a responsibilily to ensure that children hav8 access to nature and opportunities to explore the natural world, that children be active citizens and are encouraged in appropriate ways to 8mbed sustainability. To prDmole healthy and sustainable living for children, families and the community. Prlorlty Two.. To ensure that both C¢Jrmunity nurseries create revenue to en8ble staff to be paid above industry 8verage, together with a programme of community support for families, To explore new ndIng 8nd trading opportunltles, employing a mixed model of funding to includ8 fundraising to ensure the success and securvty of long-term plans. Priority three: To secure the future of the Specialist Support S8rvic8, lobbying the local authority for a partn8rship approach to commissioniny and sourcing a more suitable long-term home for BOP.
TRUSTEES, ANNUAL REPOFIT FINANCIAL REVIEW There has been an incr8888d demand for our s8rvices during the year, with services being full during peak sessions. The noteworthy features of the finances durlng the year are as follows.. Nursery Incoma - Nursery fee income was up by 130/0 to £1,479,420 from the previous year. Speciallst SeNlce Contract- This contract awarded to First Steps by B&NES from September 2023 to August 2027 with a contract value of £250,369 per annum to providè support to children with high-level additional needs. Otherfunding from B&NES- Paymenls to support Inclusion from Soctal Services, which are d6p8ndent on individual children's needs, were higher than budget expectations and up compared to last year. Additional incom8 was received for children whose families have opted for delayed school entry. An increased numb8r of children were eligible for tha Early Years Pupil Premium and the Disability Access Fund. one-off Income - Played a crucial role in offsetting costs, 88P8cially for capital improv8ments and strategic projects, which included £15,000 to support the cost of the specialist $81ViC8 move in th8 pr8vious year and £32,348 for an expansion project expected to be completed in Summer 2025, Income from Charitable Activiti88 the increase in nursery fee income has meant income from charilabl@ activities has grown by £243,088, to a total of£1,891,315 (2024.. £1,648,227). Employment costs- at £1,565,749, these hav8 risen to 80OA of all spending on unrestricted activities, an increase of 4QA from the previous year, which was due to rising employment costs and an increase in staff to support additional children, particularly those with special education needs. Othor direct C08ts of £130,552, which include additional SEN training, have reduced compared to the previous yaar by £83,006 {2024.. £213,558). Th8 assessed value of free meals for children increased to £20,306 (?024- £19,073), funded by restricted and unrestricted donations. Overheads - amounting to £273,150 - were increas8d by 210/0 on the previou8 year. which included the relocation of a 5eNice, The overall result for the year was a 8urplus fund of £39,544 (2024,, £132,360 deficit). The movement in funds is a r8suII of a surplus of£25,304 on restricted funds. a mov8ment in funds to the designated fixed asset fund of a deficit of £24,508 and a surplus on unrestricted funds of £15,036. Reserves pollcy The trust88s hav8 r8viewed the charity's reserves policy and detemined that it is prudent to maintain fr8e re8erv8s at a 18vel sufficient to meet ongoing operational commitments and to safeguard the delivery of services under existing conlractual obligations. The truste@s have agreed to aim for a minimum level of free reserves equivalent lo three months of budgeted exp&nditure, with a minimum threshold of no less than Iwo months. Based on the projected expenditure for the forthcoming financial year, the average monthly expenditure is approximately £172,788. This results In a target reserves range of £345,676 to £518,364. As at the balanc8 sh8et dale, the charity held unrestricted reserves (excluding designated fixed assels) of £350,459, which is within the acc8Ptable range set by the trust88S. Flxed assets Movem8nts in fixed assets are set out in Note 13 to the financial statements; Additions during the year totalled £11,132, which mostly relates to a new boiler (2024, £10,804). Planning for the future Trustees have used the Theory of Change model to support decision-msking and are continuing to ensure that diversity is represented within services is also reflected rther up the organisalion, Financial decisions have been made to strengthen the workforce and improve buildings to secure quality for future years, whilst avoiding undue financial pressures on parents. Th is will secure all services with the expansion of the Early Years Entittemgnt and particularly the Eady Years specialist seNice.
TRUSTEES, ANNUAL REPORT FINANCIAL REVIEW {conllnued STATEMEKf OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Firsl Steps {Bath) for the Purpos of Gompany lawl are responsible for preparing the Report of the Trustees and the financlal statemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practi) including Flnancial Reporting Standard 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trusl@6s to prepare financial statements for each financial year, whlch gsve a true and fair view of the state of affairs of the charitable company and of Ihe incoming resourc8s and application of resources, Including th8 incom8 and 8xpendilure, of the charitabl& company for that period. In preparing those financial statements, the trustees are required lo select sultable accounting policies and then apply them consistently. obseNe the methods and principles in the Charity SORP. make judgements and 8slimates that are reasonable and prudent., prepare the financial slatements on the going conc8rn basis unless it is inappropriate to presume that the ¢harltable company will continua in business. The tru8tees are responsible for keeping proper accounting records which disclose wilh reasonable accuracy at any time the financial position of the charitable company and 8nable th&m to ensur8 that th8 financial slatemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofth8 charilabl& company 8nd, hence, for taking reasonable St8ps for the prevention and detection offraud and oth8r irregularities, In so far as th8 Injslees are aware.. Ihere is no r818vant audit infonnation of which the charitable company's auditors are unaware: and Ihe trustees hav8 tak8n 811 steps th8t they ought to hav8 taken to make themselves aware of any relevant audit infomiation and to establish that the auditors are aware of th8t infomiation. AUDITORS The auditor, Sumer Auditco Limited, will be proposed for re-8ppointm8nt at the forthcoming Annual GeneRI M88ting. Report of the trustees, incorporating a strategic report, approv8d by order of Ihe board of trustees, as the company directors, on 15th July 2025 and signed on the board's behalf by.. 15th July 2025 E Barrett Hacking - Tru io
Re ort of the Ind8 First Ste Bath endent Auditors to the Member8 of Opinion We have audited the financial statements of First Steps (Bath) (the 'charitable company'l for Ihe year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows, and notes to the financial statem@nts, including a summary of significant accounting policies, The financial reporting framework that has been applied in their preparation is applicablè law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and R8public of. Ireland,. In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of ils incoming resources and application of resourcès, including its income and expenditure, for the year then ended: h8ve been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Rgporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,; and have been prepared in accordance with the requiremenls of the Companies Act 20C6. Basis for opjnion We conducted our audit in accordance with International Standards on Auditing {UKI (ISAS (UK)) and appli&?ble law. Our responsibilities underthose standards are further described In the Auditors, responsibilities for the audit of the financial statements S8Ction of our report, We ar8 independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financlal slatemenls in the UK, including th8 FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We b81i&ve that th8 audit evidence we have obtained is sufficient and approprial'e to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Irustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identrfied any materlal uncertainties relating to events or conditions that. individua11y or collectively, may cast significant doubl on the charitable companW5 ability to continue as a going concem for a peri of at18ast twelve months from when the financial stal8ments are authorised for issue. Our responsibilities and the responsibilities of the trustees with re8pect to going concern ar8 described in the relevant sections of this report. 11
Re ort of the Inde First St8 Bath endent Auditors to the Members of other information The trust88s ar8 r8sponsib18 for the other information, The other Infomiation comprises the informalion included in the Annual R8POrt, other than the financial Statements and our Report ofthe IndependentAuditors thereon. Our opinion on the financial statements does not cover the other information and, except to tha extent othewise explicitly stated in our report, we do not express any form of assuranc8 conclusion thereon, In connection with our audit of the financial stalements, our r8sponsibilty is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements. or our knowl8dg& obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, we are required to determine whelh6r thls gives rise to a material misstatement in the financlal statements themselves. If. based on the worf( w8 have performed, we conclude thal there is 8 material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by Ihe Companios Act 2006 In our opinion, based on the work undertaken during lh8 audit.. the information given in the Report of the Trustees for the fin8ncial year for which the financial stal8ments are prepad 18 consistent with th8 financial statements., and the Report of the Trustees has been prepared in accordance wilh applicable legal r8quir6manis. Matters on which we are requir8d to r8port by exception In the light of the knowledge and understanding ofthe charttable company and its environment obtained during the audit, we have not idenlifled material misstatements in the Report of the Trustees. We have nolhing to report in respect of the following malt8rs where th8 Companies Act 2008 r8quires us to report to you if, in our opinion,. adequate accounling record8 have not be8n kept or returns adequate for our audit have not been received from branches not vlsited by us; or the financial statements are not in agreement with the accounting record5 and returns, or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the Infomation and explanations w8 requirè for our audit. Responsibilities of truste88 As explained more fully in the Statement of Trust888' Responsibililies, the trustees (who are also Ihe directors ofthe charilable company for the purposes ofcompany lawl are responsible forthe preparation ofth8 financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the pr8paralion of financial statements that are fre8 from material misstatement, whether due to fraud or error. In pr8paring th& financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disdosing, as applicable, matters r818t6d to going concem and using the going concern basis of accounting untess the trustees either intend to liquidate the charitable company or to cease operations. or have no realistlc 81temative but to do SD. 12
Re ort of the Inde First ste Bath endent Auditors to the Members of Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about wh8th8r the financial statements are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includ8s our opinion. Reasonable assuranc8 is a high level of assurance bul is not a guarantee that an audit conducted in accordance wilh ISAS (UK) will always d@tect a material mi88tatement when it exists. Mis$lat8ments can arise from fraud or error and are considered material if, indivldually or in tha aggregate, they could reasonably be expected to influencelh8 @conomic decisions of users takan based on these financial statements, The extent to which our procedures can detect irregularities, including fraud is detailed below., Explanatlon ag to what èxtènt the audit was consldered capable of detectlng Irregularfties, including fraud The objectives of our audit in respect of fraud, are to identify and assess the risks of material misslatemenl of Ihe financial statemenls due to fraud,. to obtain sufficient appropriate audit evid8nce regarding the assessed risks of material misststement due to fraud, through designlng and implementing appropriate responses to those asse8S8d risks,. and to respond appropriately to instances of fraud or suspected fraud identified during the audil. However. the primary r8sponsibility for the prev8ntion and detection of fraud rests with both management and those charged with governance of the company. Our approach was as follows: We obtained an und8rstanding of the legal and regulatory requlrements applicable to the company and considered Ihat the most significant ar& th8 Companie8 Act 20(K, UK Financial Reporting Standards and UK taxation legislation. We obtained an understanding of how th8 company complies with these requirements by dlscussions with management and those charged with governance. We assessed the risk of material misstatement of the financial statements. including the risk of material misslatement duetofraud and how it might occur, by holding discussions with managemant and thos8 charged with governance. We inquired of management and those charged with govemance asto 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 wilh governance and obtaining additional corroborative evidence as required, A further description of our responsibilities for the audit of the financlal statements is located on the Financial Reporting Council's website at Ww.frc.Org.uklaudIt0rsreSponSlb1lltjes. This description forms part of our Report of the Independent Auditors. 13
ort of the Inde First Ste Bath endent 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 Compani8s Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters w8 are required to stale to them in an auditors, 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 audil work, for thls report, or for the opinions w8 h8V8 formed. Mark Powell (Senior Statutory Auditor> for and on behalf of Sumer Auditco Limited Statutory Auditor and Chartered Accountants Lennox Hous8, 3 Pierrepont Street Bath BA1 1LB 14
First Ste 8ath statement of Flnanclal Activities for the Year Ended 3J. March 2025 2025 2024 Desl8nated Fixed Asset Reserve Fund Unrestricted funds Restricted funds Total funds Tota I funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacles 4,680 68,372 73,052 32,479 Charltable actlvltles Charitable Activities 1,891,315 1,891,315 1,648,227 Other trading activitie5 Investment income 36,410 8,218 36,410 8,218 38,207 7,721 Total 1,940,623 68,372 2,008,995 1,726,634 EXPENDITURE ON Charitable activities Charitable Activities 1,882,689 42,096 44,666 1,969,451 1,858,994 NEf INCOMEI(EXPENDrruREI Transfers between funds 57,934 19,903) 142,096) 9,101 23,706 802 39,544 1132,360) 18 Net movement in funds 48,031 132,995) 24,508 39,544 1132,3601 RECONCILIATION OF FUNDS Total funds brought forward 302,428 1,333,828 101,501 1,737,757 1,870,117 TOTAL FUND5 CARRIED FORWARD 350,459 1,300,833 126,CK19 1,777,301 1,737,757 15
Flrst Ste Bath Statement of Flnanclal Posltlon 31 March 2025 2025 2024 Deslgnated Fixed Asset Reserve Fund Unrestricted funds RestrlC(ed funds Total funds Total funds Notes FIXED ASSETS Tangible assets 13 1,300,833 1,300,833 1,333,S28 CURRENT ASSETS Stocks Debtors Cash at bank 14 15 523 19,171 506,379 523 19,171 632,388 743 30,161 524,630 126,009 526,073 126,009 652,082 555,534 CREDITORS Amounts fa Iling due within one year 16 1175,6141 (175,6141 1151,605) CURRENT ASSETS 350,459 126,009 476,468 403,929 TOTAL ASSETS LESS CURRENT LIABILITIES 350,459 1,300,833 126,009 1,777,301 1,737,757 ASSErs 350,459 1,300,833 126,009 1,777,301 1,737,757 FUNOS Unrestrlcted general funds Designated fixed asset reserve fund Restilcted funds 18 350,459 1,300,833 126,OD9 302,428 1,333,828 101,501 TOTAL FUNDS 1,777,301 1,737,757 The flnanclal statements were approved by the Board of Trustees and authorised for Issue on and were signed on its behalf by: 15th July 2025 Eliza beth Barrdtt Hackin& Chair of Trustees 16
First Ste Bath Statement of Cash FIDw5 for the Year Ended 31 March 2025 2025 2024 Notes Cash flows from operatlng actlvlties Cash generated from operations 108,641 80,833 Net cash provided by operating activities 108,641 80,833 Cash flows from Investlng actlvltles Purchase of tangible flxed assets Sale of tangible fixed assets I nterest received 111,1321 2,031 8,218 {10,8041 7,721 Net cash used in investlng actlvitles {8831 (3,0831 Change In cash and cash equivalents in the reporting perlod Cash and cash equlvalents at the beginning of the reportlng period 107,758 77,750 524,630 446,880 Cash and cash equlvalents at the end of the reportlng perlod 632,388 524,630 17
First Ste Bath Notes to the Statement of Cash Flows for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOME/IEXPENDITURE) TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income/(expendlture) for the reportlng perlod (as per the Statement of Financial Actlvltiesl Adjustments for: Depreciatlon charges Interest received Decrease in Stocks Decrease in debtors Increase in creditors 39,544 {132,3601 42,096 (8,2181 220 10,990 24,009 39,026 17,7211 196 99,336 82,356 Net cash provlded by operatlons 108,641 80,833 ANALYSIS OF CHANGES IN NEf FUNDS At 1,4,24 Cash flow At 31.3.25 Net cash Cash at bank 524,630 107,758 632,388 524,630 107,758 632,388 Total 524,630 107,758 632,388 18
First Ste Bath Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basls of preparlng tha flnanclal statements The principal accounting policies adopted, judgements and kèy 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 benefrt entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Chariti&s.' Slatem6ni of Recommended Practice appltcable to charities preparing their account8 in accordan with th8 Financial Reporting Standard applicabl& in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financi81 Reporting Standard 102 'Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2CM)6. First Steps (Bath) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated In the relevant accounting poIY notes. Golng Concern As stated in the financial review sectlon of the annual r&port Ihe Trustees are confident it will be able to meet its obligations as they fall due for a minimum period of at least 12 months from the dale of signing. These financial statements are therefore produced on a going-concern basis. Income All incoming resources are included in the statement of financial activtties when the charity Is entitled to the incJ)me, and the amount can be quantrfied with reasonabFe accuracy. Th8 following specrfic policies are applied to categories of income: Contract and grant income is included as incoming r&sources in the period to which it r8lates When donors specity that donations or grants are fcr restricted purposes, the Income is included as incoming r8sources of restricted funds when rec8ivable. Grants received are deferred and recognised through the statement of financial activities in full when conditions for receipt are complied with Intangible income, including gifts in kind, is included at Ihe Irustees, valuation when known. No amounts are included in the financial slatemenls for seNices donated by volunteers. Where incoming resources are for goods or services and, upon full performance of th8 seNice, any surplus funds can be retained and used for general purposes, the incomlng resources and r8lated expenditure is treated as Unreslricl8d. Resources expended and liabilities Expenditure is recognised on an accrual basis as a liability is incurred,, inclusive of any VAT where thSs cannot be recovered. Liabilities are recognised when the charity has an obligation to transfer economic benefit as a result of a past transaction or event. Tanglble flx8d assets Tangible fixed assets costing more than £2,000 are capitalised and included at cost. Depreciation is calculated lo write off the cost of the yaar after purchase, less estimated residual values, of tangible fixed assets over their e8timated useful lives, to the charity. 19
First Ste Bath Notes to the Financial Statements- continued for the Year Ended 31 March 2023 ACCOU1[NG POLICIES - contlnued The annual depreciation rates and methods are,. Leasehold property Evenly ov8r a p8riod of 50 y8ars Fixtures, fittings, and equipmant 10 or 25 % straight line A review of impairment of a fixed asset is carried out ifevents or changes in circumstances indicate that the canying value of any asset may not be recov&rable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognized as impairmanls. Impairment losses are recognized in the Statement of Financial Activities. Stocks Stocks are valued at the lower ofcost and net realisable value. after making due allowance for obsolete and slow-moving items. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Funds held by th8 charity ar8 81th6r'. Unrestricted - these are donations and other income generated, for the objects of the charity without furthgr 8P@cified purpos8s and which can be used in accordance with the charitable objects al the dIscretn of the trustees. Restricl8d - th8s8 Gan only be used for restricted purposes, the charity, as specified by the donor. Expenditure which meets these criteria is charged again8t Ihe fund. Further details of the funds are given in the Notes to the Accounts. Operating lease commitments Rentals applicable to operating leases where substanlially all the benefits and risks of ownership remain with the lessor are tharged against profits on a straight-line basis over the period of the lease. Penslons The charily's employ98s are eligible to participate in The Pension Trust's Defined Contribijlion Pension Scheme. The employ8r's contribLrtions p8yable to this scheme 8re charged to the incom8 and expenditure account in the period to which they relate. 20
First Ste Bath Notes to the Flnanclal Statements- continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 2025 2024 Donations and fundraising Grant5 4,680 68,372 5,340 27,139 73,052 32,479 Grants received, included in the above, are as follows: 2025 2024 Government capltal grant Other revenue grants 32,347 36,025 27,139 68,372 27,139 OTHER TRADING ACTIVITIES 2025 2024 Community lettings Trdining Income Misc Income 30,717 32,966 25 5,216 5,693 36,410 38,207 INVESTMENT INCOME 2025 2024 Deposlt account interest 8,218 7,721 21
st Ste Bath Notes to the Financial Statements- continued forthe Year Ended 31 March 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 Charltable Activitles 2024 Tota I activities Incoming Resources 1,891,315 1,648,227 Unrestritted Restricted Funds Funds Total 2025 Total 2024 Bath & North East Somerset Council: Disability Access Fund BOP Specialist Contract Socla I Services: ISF 7,907 250,369 153,619 7,7 250,369 153,619 21,405 251,184 79,526 Total Revenue Funding Nursery Fees & Related Fundlng: Early Years Entitlement Nursery fee5 ch8rged to parents Early Years P(Jpil Premium 411,895 411,895 352,115 764,536 678,990 35,894 764,536 678,990 35,894 520,296 750,965 24,851 1,479,420 1,479.420 1,296,112 Total Income from charitable activities 1,891,315 1.891.315 1,648,227 2024 Comparatives 31.3.24 Charltable actlvitie5 31.3.23 Total actlvltie5 Incoming Resources 1,648,227 1,497,335 U nrestrlcted Restrlcted Funds Funds Total 2024 Total 2023 Bath & North East Somerset Council: Disabillty Access Fund BOP Speclalist Contract Soclal Servlces: 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 Fundln8: 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 charitable activltle$ 1,648,227 1,648,227 1,497,335 22
Flr5t Ste Bath Notes to the Financial Statement5 - contlnued for the Year Ended 31 March 2025 CHARITABLE AcfiviTIES COSTS Support Support costs (see note 71 Dlrett Costs Totals Charitable Activities 1,954,022 15,429 1,969,451 Unrestrlcted Funds Restrlcted Funds Total 2025 Total 2024 Dlrect Costs: Employment costs Catering costs Staff costs {training costs, expenses etc.) Special Projects: Direct Costs Service costs Bad debts - fees written off. 1,550,615 54,149 22,526 15,134 20,417 IC(t 1,565,749 1,420,577 74,566 72,185 22,626 69,097 15,990 14,503 1,146 1,721 17,711 14,503 1,146 51,455 18,441 2,380 Total Dlrect Costs 1,658,929 37.372 1,696,301 1,634,135 Overheads: Premises costs Ad ministrative Costs Information Technology costs Depreciation charge5 Support Costs {See note 71 161,492 10,777 36,062 42,096 15,429 3,012 4,282 164,504 15,059 36,062 42,096 15,429 117,924 14,565 36,497 39,026 16,847 Total Overhead Costs 265,856 7,294 273,150 224,859 Total Costs of Charitsble activities 1,924,785 44,666 1,969,451 1,858,994 23
Flrst Ste Bath Notes to the Financial Statements- continued for the Year Ended 31 March 2025 CHARITABLE ACTivrriES COSTS Icontlnued} 2024 Comparatlves Support costs Iseel note 7 Dlrect Costs Total Charitable Activities 1,842,147 16,847 1,858,994 Unrestricted Funds Restrlcted Funds Total 2024 Total 2023 Dlrect Costs: Employment costs Catering costs Staff costs (training costs, expenses etc. Special Projects: Direct Costs Service costs Bad debt5 - fees written off. 1,407,445 59,061 69,097 13,132 13,124 1,420,577 1,205,755 72,185 61,588 69,097 61,003 51,455 18,441 2,380 51,455 18,441 2,380 6,878 17,636 3,580 Total Dlrect Costs 1,6D7,879 26,256 1,634,135 1,356A41 Overheads: Premises costs Administrative costs Information Technology costs Depreciation cha rges 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 24
Flrst Ste Bath Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2025 SUPPORT COSTS Governance costs Finance Totals Charltable Actlvltles 5,243 10,186 15,429 2024 Comparative Governance costs Finance Totals Charitable Actlvltles 4,648 12,199 16,847 NET INCOME/(EXPENDITURE) Net income/lexpenditure) Is stated after chargingl{creditingl: 2025 2024 Audltors, remuneratlon other non-audlt seNlces Depreciation- owned assets Other operating leases 7,0 1,500 42,096 522 6,500 1,375 39,026 3,088 TRUSTEES. REMUNERATION AND BENEFITS There were no trust88s' remuneration or other benefits for the year ended 31 March 2025, nor for the year ended 31 March 2024. No remuneration or expenses were paid during the year to any of the trustees (2024.. £Nill. During the year, two Trustees had children in First steps nurseri88, they paid the full rate for all services used and so received no benefit because of their role as Trustees. Trustees, expenses There were no trust8&s' èxpénses paid for the year ended 31 March 2025. nor for the year ended 31 March 2024. 25
First Ste Bath Notes to the Financial nts- continued for the Year Ended 31 March 2024 10. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 1,418,175 90,137 57,437 1,290,193 76,985 53,398 1,565,749 1,420,576 The average nN)nthly numk)er of employees during the year was as follows: 31.3.25 50 31.3.24 49 Delivery of Childr6n's & Family SeNices Management and Administration 54 53 No employ68s recaiv8d emolument8 in exce88 of £80.000. The key management personnel of the charity comprfse the trustees, the Chief Executive Officer, Financ8 and Administration Manager, a Children's Sewices Manager for Twerton and a Children's Services Manager for Moorlands and a Children's Servrces Manager for BOP. The total employee benefits of the key management personnel of the Trust were £210,569 (2024.. £213,709). 26
First Ste Bath Notes to the Financial Statements- continued for the Year Ended 31 March 2025 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES DesiEnated Fixed Asset Reserve Fund U n restricted fund5 Restricted fu nds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 5,340 27,139 32,479 Charitable activities Charltable Actlvities 1,648,227 1,648,227 Other tradlng actlvltles Investment income 38,207 7,721 38,207 7,721 Total 1,699,495 27,139 1,726,634 EXPENDITURE ON Charitable activities Charltable Actlvltles 1,786,548 39,026 33,420 1,858,994 NET INCOME/{EXPENDITURE) Transfers between funds 187,053) {10,804) (39,026) 10,804 16,2811 (132,360) Net movement in funds {97,8571 {28,2221 16,2811 (132,360) RECONCILIATION OF FUNDS Total funds brought forward 400,285 1,362,050 107,782 1,870,117 TOTAL FUNDS CARRIED FORWARD 302,428 1,333,828 101,501 1,737,757 12. TAXATION First Steps {Bathl is a registered charlty and, accordingly, is exempt from taxatlon on it5 income and capltal gains, provlded certain condltions are met. 27
Flrst Ste Bath Notes to the Flnancla I Statements - continued for the Year Ended 31 March 2025 13. TANGIBLE FIXED ASSETS Fixtu res and f ittings leasehold Property Computer equipment Totals COST At l April 2024 Additions Disposals 1,721,954 137,021 11,132 12,03 11 12,841 1,871,816 11,132 12,0311 At 31 March 2025 1,721,954 146,122 12,841 1,880,917 DEPRECIATION At l April 2024 Charge for year 390,404 33,968 136,035 7,484 11,549 644 537,988 42,096 At 31 March 2025 424,372 143,519 12,193 580,084 NET BOOK VALUE At 31 March 2025 1,297,582 2,603 648 1,300,833 At 31 March 2024 1,331,550 986 1,292 1,333,828 14. STOCKS 2025 2024 Stock5 523 743 15. DEBTORS; AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued income 15,377 3,794 18,754 11,407 19,171 30,161 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade credito Social s@curity and other taxes Other creditors 12,988 30,545 132,081 5,790 28,011 117,804 175,614 151,605 28
First Ste Bath Notes to the Fini ncial Statements continued for the Year Ended 31 March 2025 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - contlnued Included in other creditors is the following deferred income: Deferred Income Bal B/f Fee Income released Fee Income deferred 20,827 {20,8271 30,280 30,280 At the balance sheet date, the charity held funds received from parents for nursery fees invoiced in advance and the EYE grant received In advance. 17. LEASING AGREEMEKrs Minimum lease payments under non-cancellable operatlng leases fall due as follow5: 2025 2024 Within one year Between one and five years 1,360 2,235 1,620 3,420 3,595 5,040 18. MOVEMENT IN FUNDS Net movement in f unds Trdnsfers between funds At 31,3.25 At 1.4.24 Unrestricted funds General fund Deslgnated Flxed Asset Reserve 302,428 1,333,828 57,934 142,096) 19,9031 9,101 350,459 1,300,833 1,636,256 15,838 {8021 1,651,292 Restricted funds Trips & Events Subsldised Meals Quartet Foundatlon BOP Partnership With Parents Xma5 toys/books Children with SEN Replacing Boiler Heating system Stay and Play Renovation Twerton (634) 406 {32) 11681 12791 634 406 339 371 279 529 95,269 504 4,549 529 87,498 17,7711 15041 340 32,348 4,889 32,348 101,501 23,706 802 126,009 TOTAL FUNDS 1,737,757 39,544 1,777,301 29
First Ste Bath Notes to the Financial Statements continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS- continued Net movement In funds, Included In the above are a5 follows,. Incomlng resources Resource5 expended Movement in funds Unrestrlcted funds General fund Deslgnated Flxed Asset Reserve 1,940,623 {1,882,6891 142,0961 57,934 (42,0961 1,940,623 11,924,785) 15,838 Restricted funds Trips & Events Subsldlsed Meals Quartet Foundatlon BOP Partnershlp Wlth Parents Children with SEN Replacing Bc>iler Heating system Stay and Play Renovation Twerton 1,832 20,712 {2,4661 120,3061 1321 {7,3681 12791 (7,7711 15041 {5,9401 16341 406 1321 11681 12791 {7,7711 (5041 340 32,348 7,200 6,280 32,348 68,372 144,666) 23,706 TOTAL FUNDS 2,008,995 1,969,451) 39,544 General Fund The free reserves after allowing for all deslgnated funds Deslgnated Fixed Asset Reserve fund Includes tangible fixed assets, property, fixtures and flttlngs, computer equlpment and depreciation. Restricted Funds Children with SEN Ipreviou51y named BOP fundl- to support SEN children to attend nursery through the provision of extra staff, specific SEN training or resou rces to meet the child's needs. Norlands Stay and Play- to provide weekly family support sessions for children wlth SEN needs. 30
First Ste Bath Notes to the Flnanclal Statements- contlnued for the Year Ended 31 March 2025 18. MOVEMENT IN FUNDS- contlnued Comparatlve 2024 movement In fvnds 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 110,8041 10,804 302,428 1,333,828 1,762,335 1126,0791 1,636,256 Restrlcted funds Subsldlsed Meals Quartet Foundatlon BOP Partnershlp With Parents Xma5 toys/books Stjohns Language for Life Consortium order Moorlands 5,460 371 95,585 518 529 1,394 <5,4601 371 95,269 279 529 (3 161 (2391 (1,3941 1,800 2,125 1,128 2,928 2,125 Replacing Boiler Heating system 107,782 (6,281 101,501 TOTAL FUNDS 1,870,117 {132,3601 1,737,757 31
Flrst Ste Bath Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 18. MOVEMENT IN FUNDS- Contlnued Comparatlve 2024 net movement in funds, included In the above are as follows; Incomlng Resources resources expended Movement In funds Unrestrlcted funds General fund Designated Fixed Asset Reserve 1,699,495 {1,786,5481 139,026> {87,0531 (39,0261 1,699,495 11,825,574) 1126,0791 Restrlcted funds Subsidised Meals BOP Partnershlp With Parents Panto/Sen50ry play st John5 Language for Life Consortium order Moorlands 7,571 9,295 113,0311 19,611) (239) (4001 14,054} 15,460 13161 12391 2,660 {1,394) 6,213 1,000 (5,0851 11,000) 1,128 BHM- running high 27,139 {33,4201 {6,281 TOTAL FUNDS 1,726,634 11,858,994) {132,360) 19. EMPLOYEE BENEFrr OBUGATIONS The Charity is a member of The Pension Trust's Deflned Contribution Pension Scheme. Contributions made by the charity amounted to £57,437 12024: £53,398). Year-end contrlbutlons outstanding amounted to £Nil12024: £Nil). 20. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES. On 31 March 2025, there were no capital commitments or contingent liablllties12024- None}. 21. RELATED PARTY DISCLOSURES There were no related party transactions forthe year ended 31 March 2025. 32
Flrst Ste Bath Deta iled Statement of Ftnancial Activities for the Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations and fu ndraising Grants 4,680 68,372 5,340 27,139 73,052 32,479 Other trading activltles CommLJnity lettings Training Income Misc Income 30,717 32,966 25 5,216 5,693 36,410 38,207 Investment Income Deposit account interest 8,218 7,721 Charitable activlties Incoming Resources 1,891,315 1,648,227 Total Incomlng resources 2,1)J8,995 1,726,634 EXPENDITURE Charltable actlvltles Wages Socia I security Penslons other operating leases Rates and water Insurance Light and heat Other Staff Costs Service Costs Catering Costs Information Technology Costs Administrative Costs Special projects Repairs and renewals Bad debts - Fees written off Improvements to propertv 1,418,175 90,137 57,437 522 10,799 10,213 21,998 22,626 80,352 74,992 36,062 14,633 17,711 55,123 1,146 42,096 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 2,380 39,026 1,954,022 1,842,147 34
First Ste Bath Detailed Statement of Financial Activities for the Year Ended 31 March 2025 2025 2024 Support costs Finance Bank charges 5,243 4,648 Governance costs Audltors. remuneratlon Auditors, remuneratlon for non audlt work Accountancy and legal fees 7,000 1,500 1,686 6,500 1,375 4,324 10,186 12,199 Total resources expended 1,969,451 1,858,994 Net Income/lexpendlture} 39,544 1132,3601 34