Stepping Stones Pre School Clipston Year Ended 31 July 2024 Treasurer's Report and Financial Statements
srEPPING SWONES PRE S(IIOOL cupsfoN LEGALAND ADMiiaslliATIVE FRAMEWORK REGisfERED CHARITY NUVaER 1023443 DATE OF REGIStRATION 12 July 1993 TRUSfEES Hannah Osborne Katie Usher Rosie O'connor Louise Gowlin8 Katelyn Williarns Emma Davies Charlotte Horn Melissa Hill GOVERNING DocuAvifAND CHARrfABLE OBJEcllvES The charrty acts in acc(Ydance with its constitution date 29 October 2014. The objects of the chaTity are to enhance the development and education of children primarily under statutory school age by encouraging pafents to Underst and provide for the needs of their children thro cnMunity groups and by: Offerin8 appropriate play, education5 and care facilities, famity learnin8 and extend hours groups together with the r¥hts of parents to take responsibility for and to become involved in the activities of such groups, enduri th* such groups offer opportuniiies for all childTen whatever their race, culture. rel10n, means or ability. Encouraging the study of the needs of such children and tha"r families and prmoting public interest in and recognition of such needs in the local areas. Instigating and adher1 to and fUrther1r the aim5 and objectives dthe prChool learning alliance. The charity provides prtrsdKKA education to childm. PUBUC BENEFIT The charity notes that it has a responsibility under the Charity Rwktions which govern it to ensure that the public benefit from the activities of the charity. Stepping Stones Pre SdKd Clipston ensures that it meets these requirements but ensuring that applications for places at the school are made awdilawe to all farniks in the local community, Stepping Stones Pre sd Clipston High Street Clipston Market Harborough LE16 9RU
Stepping Stones Pre Schod aipston FSnancial Statements for the year eThled 31 Juty 24 TREASURERS REPORT FOR THE YEAR ENDED 31 JULY 2024 Stepping Stones Pre School has had a very busy year, children numbers have been higher than seen for several years and record income. The settin8 made a surplus for the year of £2,116 {FY2023:£1.150). The setting has continued to benefit significantly this year the steps taken in the previous years to maximi5e income foc the setting and Pfoactivety manage the cost base to ensure that the staffing levels afe appropriate and sustainable for the number of children attending the setting afKI the cost base challenged and dis(Tetionary spend minimised. The following speufK receipts and payments are of note: - Fee and funding income in total for the year was £74,840, £15.615 lower than in the previous year (FY2023:),45S) - Fundraising and donaiions generated £8,942 (FY2023:£8.8991. a successful Christmas window evert, Summer Raffle and fundraising at the clip.ston festival in the financial period has helped with keeping the fundraising similar over the last tso years. Donations have decreased slightly due to the economic climate. - In 2023 we received a grant from Market Harborou8h Building Society Charitable Foundation of £1,320 for the Mud tchen purchased durin8 the 2023 year {FY2024:£NIL}. - We now receive bank interest on our High Interest account whith ha5 raised £1,599 this year (FY2023:£NIL) - Staff costs have decreased compared to the prior year at £70.379 {FY2023:£79,520). The decreased session nurnbers resulted in decreased sfdffing requirements for the setting decrea5in8 the staff costs. There was a significant increase in minimum vrage from April 2024, we elected to 8ive the staff a payrise to show our appreciation of their continued support, - Staff training Costs were £303 {FY2023:£2,517> which 15 considernbty loweT than previou5 years. The cash balance at 31 July 2024 was £66,727.92 {FY2023:£64.675.26). This is approximately £22,21J) higher than the cash we are required to hold under OUT ReseTves Policy. The pety cash balan at 31 July 2024 was £105. (Fy2023.£42.)- The forecast for next year anticipates a lower number of children attending the setting to the current year. To ensure the ongoing fi'nancial viability of Stepping Stones. the challenge remains to optimise attendance levets at the settin& proactively manage staff and overhead Costs and maximise the opportunities for fundraisin& The Primary School where we are based have also significantty increased our rent from I September 2024, therefore we will need to be increasing our incixne and rnanang our costs to ensure the future viability of Stepping Stones Pre School.
INDEPENDEKf EXAMIIIER'S REpoKf TO THETRUSTEFSOF sfEPPING sfoNES PRE-SCHOOL CUPStON I report to the tJustees on my examination of the aCcnts of Stepping Stones Pre-school Clipston for the year ended 31 July 2024. Respons61Mliti"es aNI Imsis of the report A5 the charity trustee5 of the Trust you are responsible for the preparation of the accounts in accordance with the requiremenst of the Charities Act 2011 (kne Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in cafrying out my examination I hawe followed all the applicable directions given by the Charity Comminssion under section 145(5){b) of the acL Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination givin8 me cause to believe that in any material respect: l. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other mattU5 in connettion with the examintaion to which attention should be drawn in this report in Ord to enable a proper understsning of the accounts to be reached. Carolyn Bland 3 Chestnut Grove Clipston Market Harborough Leics LE16 9RH
Stepping Stones Pre School Clipston Financial Statements for the year eThled 31 Juty 20 RECEIPTSAND PAThffKfs FOR THE YEAR ENDED 31JULY2024 2023 RECEIPTS Unrestrlcted Funds Fees afid funding.- Northants County Council Fees re unfunded children 61,606 13234 62,261 28,194 74 90,455 Fundraising Donation5, matched givi and gift aid Bank interest Other income 3,264 5,363 4,926 1,599 352 272 10.843 85,683 8.899 99,354 TOTAL UNRESTrICTED RECEIPTS Restrlcted Funds Grants received TOTAL REsfRICTED RECEIPTS 1,320 1,320 TOTAL RECEIPTS FOR THE YEAR PAYMEKrs Unrectricted Funds Wages, bonuses and national insurance staff training and course fees Telephone Rent Fees, subscriptions and memberships Insurance Resources and equipment Printin& postage and stationery Marketing and adverbsi Accountsncy fees . payToII Furniture, hw5ekeepl and maintenance Snacks Miscellaneous purchases TOTAL UNREsniicrED PAYMENrs Restrlcted funds Outd(KY equipment/covid grant TOTAL RESTRICTED PAYWJEKrs 85,683 100,674 70,379 303 79,520 2,517 785 1,730 859 645 2,158 32 624 4,619 488 1,117 552 3,951 824 629 694 4,472 878 590 98,204 1,320 1,320 TOTAL PAYMElItS FOR THE YEAR 99,524 EXCESS OF RECEIPTS OVER PAYMEMt5 FOR THE YEAR L6 1.150 Fundlng Spllt. Unrectrlrted Funds Restricted funds L619 1150 L619 1150
Stepping Stones Pre Sthod aipston Flnanclal Ststements the year ended 31 July 2024 STATEMEtir OF ASSEST5 AND UABiullES AT31 JULY 2024 2023 CASH FUNDS Bank current account High Interest account Petty cash 24,632 41,599 105 66336 24.675 40,(KKI 42 64.717 DISTRIBUTION BEtWEEII FUNDS Uniestricted Funds Opening balance Excess receipts over payments for the year Transfei from restricted funds CIosiNa balarKe 64,215 L6L9 63,065 1150 65.834 64,215 Restricted funds Opening balan Excess receipts over payments for the year Transfer to unrestricted fund5 Closing balance 502 502 502 66,336 64,717