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 ex￿lIent 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) serVI￿S 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 a￿1 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 Sp￿lalISt service, First Steps Bath Opportunity Prv3chool (BOP). A cOntr￿t 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 pla￿mentS.
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
ne￿Ork 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 exp￿tationS for children's achievement and high standards of provlslon.
Ensure that a sharp focus15 pla￿d 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 n￿essary 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 eXp￿tatIonS 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 AC￿pted 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 prepa￿d 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 poI￿Y 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
dIscret￿n 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