Stepping Stoiies Pre-school Play and Learn
Alrewas Villcige Hall, Wellfield Road
Alrewas, D113 7HB
Ofsted . 218625
Charity Number: 1026411
EYA: 33170
Receipts and Payment Account
Income and Ex
enditure
Recei
Pa
ments
Item
Amount
Item
Amount
Fees
£30,191.76
£62,733.71
£1,920.00
£184.00
Payroll/Wages
Rent
Other professional services
Refunds
£89,050.88
£7,076.85
£1,613.97
£32.00
£423.90
£1,004.41
£321.72
£149.60
Funded Placements
Holiday Club fees
Incidentals
Donations and Grants
Fundraising
Sale of Goods
£1,540.00
£1,953.16
£127.60
Advertising
Office/Stationary
Cleaning costs
Kids Uniform
leavers gifts
Insurance
Services
£73.46
£15.98
£931.59
Fundraising costs
Refreshments
Craft and Sundries
£69.93
£868.68
£21.22
Staff Uniform
Equipment/toys
£102.00
£423.85
Transfer to Deposit A/C
£1,000.00
TOTAL
£98,723.69
TOTAL
£103,106.58
Loss for the year
-£4,382.89
Current account opening balance
Closing balance
£12,558.38
£8,175.79
Statement of Assets & Liabilities at Financial Year End
Current Account
£8,175.79
£22,230.23
£196.62
Deposit Account (without interest)
Interest on Deposit Account
Total Cash Balance
£30,406.02
Accounts Prepared by Treasurer
Independent Audit carried out by
Rosemary Dodd
Marcus Royle
Date
Slgned
Date
IS (iolLS

Stepping Stones Preschool, Wellfield Road, Alrewas, DE13 7HB
treasurerssalrewas@yahoo.com
seen>lng S
Treasurers AGM Re
ort 10 October 2024
For January - December 2023 accounts
Income:
For the year of 2023 we had an income of £98,723.69
Fees. including paying customers, funded places and holiday dub equaled £94,845.47
Incidentsls - £184
Donationslgrants - £1,540.00, we received a £1,000.00 grant from 'We Love Lichfield,,
Fundraising over the year netted £1953.16. this included virtual balloon races and external events such as
bonfire night and Chnstmas concert.
We sold unused toys and received £127.60.
Services for example sumup and a refund from Alrewas show (overpayment) was £73.46
Interest on deposlt account £196.62
enditure:
For the year 2023 our expenditure was £103,106,58
Wages were36 the main expense at £89,050.88 for the year, followed by rent at £7,076.85.
The Current account showed a loss of £4,386.89, however £1000.00 was transferred to Deposit account
and the interest received on DIA was £196.62
Closing balance on CIA- £8,175.79 D/A- £23,426.85 giving a total cash balance of £31,602.64
Comments:
Our finances for 2023 were not as good as in previous years even though our setting's strong reputation
within the immediate community and surrounding villages and word of mouth still maintains, the current
financial dimate has affected sessions taken by children. Parents are not able to afford childcare if their child
does not qualify for the govemment funding. However, it is predicted that funding is going to be made
available for children of working parents starting April 2024. We have a comfortable amount of children on
our list, with children on the waiting for 2024. Despite all the children, we are struggling to engage parents to
take on committee roles or to volunteer to help out wth events.
Rent has increased and is currently £36.75 per day.
Fees:
Decisions were made to increase the consumables and resources from £5 to £10 in September. Increasing
private fees would not generate much income due to more children accessing government funding, it also
means that all children fees are increased for fairness rather than those who pay privately. We decided to
discontinue the funded children's 'Loyalty Incentive, from January 2024. Children accessing 15 funded hours
currently receive an extra 3 hours free for taking all their funded hours at Stepping Stones. This created a
loss of £17 per child per day. This means any hours above the funded hours they are entitled to would now
be charged for.
Wa
During the academic year September 2022 to July 2023, it was noticed that we were operab.ng over the
staff:child ratios which meant the wages were consuming much of the income. In April 2023, The National
Living Wage increased to £10.42 which meant all staff wages increased by £0.80 per hour which
significantly increased our monthly wage outgoings.
From September 2023 the setting operated within the mandatory Staff:child ratios as specified by Ofsted.
This allowed the bank balance to recover and by Christmas 2023 we managed to decrease our expenditure
to enable us to be up by £2841.72.
Staff are still accessing the work based pension scheme.
Staffin
The deputy Manager resigned with effect from 31 March and a new Deputy Manager took up position from
19th June.
3 month o
erational costs includin
redundanc
At £51,533.18, we have been unable to transfer any monies into the deposit account this year to cover the
redundancy and operational costs.
Registered Charity 1026412
Ofsted Numbers: 21862)