Alrewas Stepplng Stones Preschool Play aiid Le8rii, Wellfleld- RnA(J, Alrewn8, DE13 7FIB trec?surerssolrLiwasOo yahoo.corii Treasurer's Report For the year ended 31 December 2024 Overview The financial year 2024 has been one of steady progress and prudent financial management for Alrewas Stepping Stones Preschool Play and Learn. Despite ongoing economic challenges, the charity has maintaiiied a strong financial position, ensuring that our resources continue to be used effectively to advance our charitable objectives. Income Total income for the year amounted to £130,608.01 (2023: £98,723.69), representing a 32.2 % increase year on year. Income was derived from the following main sources: Donations and fundraising: £305.00 Grants and trust income: £102,666.17 Trading and events: £22,904.90 Other income (including investments and interest): £4,731.94 We are especially grateful to our parents and local supporters for their continued support during our fundraising activities. Expenditure Total expenditure for the year was £110,216.46 (2023: £103,106.58), directed primarily toward charitable activities and essential operational costs. Key expenditure areas included: Staff and volunteer costs: £92,198.78 Administrative and governance costs: £18,017.68 The charity continues to ensure that expenditure remains tightly controlled, with all costs regularly reviewed by the Trustees. Reserves and Financial Position At year-end, total funds stood at £52,219.14. comprising: Cash balance . £28,567.024 Designated reserves: £23,651.90 Registered Charity 1026412 Ofsted Numbers: 218625
AlroiiiA8 Stepplng Stones Pre8chool Play 8nd Learn, Wellfleld Rood. Alrewas, DE13 7HB tre88urer8salrew8s@yalioo.coin The Trustees maintain a reserves policy aimed at holding sufficient funds to cover Seeppl•ig Stone• 8pproximately 3-6 Inonths of core expenditure. Current reserves are working towards this target, ensuring stability aiid coiitiiiuily ifi service delivery. Outlook Looking ahead to 2025. the charity remains committed to diversifying its income streanis and strengtliening Its long-terin sustciinability. The Trustees and Finance Committee will continue to monitor financial performance closelyto ensure resources are maxiniized for cliaritable impact. Acknowledgements On behalf of the Trustees, l extend sincere thanks to our donors, funders, volunteers, and staff fortheir dedication and generosity, which make our work possible. Signed: Paul Bayliss Treasurer, Steppingstones Date: 1911012025 Registered Charity 1026412 Ofsted Numbers: 218625
Stepping Stones Pre-school Play and Learn Alrewas Village Ilall, Wellfield Road Alrewas, DE13 7HB Ofsted . 218625 Charity Nijmber: 10?6411 EYA: 33170 Receipts and Payment Account Income and Ex enditure Recei Payments Item Amount Item Amount Donations and Graiits Fees £305.00 P,iyroll Services £92,198.78 £11,072.97 £2,034.56 £1,171.06 £3,610.89 £128.20 £21,356.08 £102,66G.18 £1,309.20 £3,024.50 £1,548.82 £375.35 Funded Placements Childcare grant (CCG) Childcare tax free accounts Fundraising Refunds Sale of Goods suniup Operational costs Office costs Resources Withdrawal £4.00 £18.88 TOTAL £130,608.01 TOTAL £110,216.46 Statement o Assets & Liabilities at Financial Year End Current account opening balance Closing Balance 8,175.79 £ 28,567.24 Deposit account opening balance Interest on Deposit A/C Deposit A/C closing balance 23426.85 £225.05 £23,651.90 Total Cash Balance £52,219.14 Total Profit for the year 2024 £20,616.60 Accounts Prepared by Rosemary Dodd Treasurer )41,,I zr. Date Independent Audit carried out by Marcus Royle Date