£isfj o Pws Reglstered Charlty No. 1077895 STEPPING STONES PRE-SCHOOL ANNUAL REPORT AND FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 AUGUST2020
STEPPING STONES PRE-SCHOOL REPORT AND FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2020 Contents Page Important Data Trustee's Report Independent Examiner's Report Statement of the Financial Activities Notes to the Financial Statements
srEPPING STONES PRE-SCHOOL REPORT AND FINANCIAL sTATEMErs FOR THE YEAR ENDED 31AUGUST2020 Important Data Charity Number 1077895 Trust Deed Constitution was adopted on 18 February 1999 Custodian Trustee Tina Gibbons ( Chairperson ) Appointed November 2015 Committee of Trustees: Ruth Swinbourne ( Treasurer ) Appointed November 2018 and Treasurer from July 2019 Appointed November 2017 Resigned December 2019 Appointed November 2016 Resigned July 2019 Appointed November 2015 Resigned May 2020 Resigned May 2020 Appointed November 2015 Resigned July 2019 Appointed July 2019 Appointed July 2019 Appointed July 2019 Appointed July 2019 Appointed July 2019 Appointed July 2019 Sophie Sellwood ( Secretary ) Peter Moore Christian Fowler Emma Ashwell Tina Casburn Sally Smith Connie Vaughan Annmarie Gibbons Elizabeth Brown Stephanie Copps Rebecca Dunham Gemma Radley Benjamin Radley Alice Poynton Sean Cannon Charity's Principal Office Stepping Stones Pre-school Aldborough Primary School Alby Hill Norwich Norfolk NRII 7PH Bankers The Co-operative Bank plc PO Box 101 l Balloon Street Manchester M60 4EP Independent Examiner KA Eke FCCA Oak Cottage Bridge Road Colby Aylsham Norfolk NRII 7EA
STEPPING STONES PRE-SCHOOL REPORT OFTHE COMMIThEE OFTRUSTEES FOR THE YEAR ENDED 31AUGUST2020 The committee presents their annual report and the financial ststements for the year ended 31 August 2020. Status Stepping Stones Pre-school is a registered charity ( no. 1077895) e5tsblished by a constitution document dated 18 February 1999. The accounts are compliant with current statutory requirements in accordance with the constitution document. Prlnclpal Actlvltles The principal activity of the trust is that of a nursery school. This is achieved by fees paid for attendance together with fund raising, grants and donations. Revlew of Development, Actlvltles and Achlevements made durlng the Year The committee believes the trust's affairs to be satisfactory with the higher surplus this year of £25,933, represented by the increase in the NCC subsidies and the lower payroll costs as a result of the HMRC support grants received in the year. The trust continues to rely upon the unpaid services of several individuals who live within the locality. The finances of the trust remains secure with funds of £47,896 being held in bank accounts with the co-operative bank plc. Reserves Pollcy The financial security of the pre-school is dependent on the number of children moving into the locality and upon the birth rates, which are not constsnt. We need reserves to keep services running in times of lower children numbers attending. We would like to maintain the current reserve levels which roughly equate to six months expenditure. Secre
IthEKE Chartered Certified Accountant Oak Cottage Brjdge Road Colby Aylsham NRII 7EA TeVFax: 012&3 733958 Independent Examlners" Report to the Trustees of Stepplng Stones Pre-school. I report on the accounts for the year ended 31 August 2020 which are set out on pages 5- 7. Respective responslbllltles of trustees and examlners The charity's trustees are responsible for preparing the accounts. They consider that the charity does not require an audit under section 144 (2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: Examine the accounts ( under section 145 of the 2011 Act ) Follow the procedures laid down in the General Directions given by the Charity Commissioners ( under section 145 (5)( b ) of the 2011 Act ) State whether particular matters have come to my attention Basls of Independent examlners" report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. Independent examlners" statement In connection with my examination, no matters have come to my attention: l. Which gives rne reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with section 130 of the 2011 Act and To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act Have not been met, or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. KA Eke FCCA 24 June 2021 Sole F¥oprietor: Kevln K Bfe FCCA Practslng Cerdficats (General Practtce) No. 02054463 Memberthlp Na 0706795
STEPPING STONES PRE-SCHOOL STATEMENTS OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31AUGUST 2020 Unrestricted Restrlcted Funds Funds Total 2020 Total 2019 RECEIPTS Fees Fund Raising 20,365 6,141 20,365 6,141 28,134 3,903 26,506 26,506 32,037 OTHER RECEIPTS NCC Subsidy NCC Sustainability Grant Bank Interest Donations 71,572 71,572 55,497 10,000 22 1,155 32 32 71,604 71,604 66,674 TOTAL INCOMING RESOURCES 98,110 98,110 98,711 DIREcf CHARITABLE EXPENDITURE Wages, NIC and Pension 61,115 61,115 74,851 ADMINISTRATION EXPENSES Refreshments Professional Fees and Registration Fees Postage, Stationery and Computer Cons Telephone and Internet Light, Heat, Rates and Water Insurance Equipment and Maintenance Training and Courses Sundry Fund Raising Expenses Cleaning Bad Debts 675 845 665 680 915 675 845 665 680 915 644 4,260 266 529 254 1,025 304 1,051 375 725 681 170 749 4,914 1,535 762 624 1,145 4,260 266 529 254 1,025 304 11,062 11,062 12,731 TOTAL PAYMENrs 72,177 72,177 87,582 SURPLUS OF INCOMING RESOURCES OVER PAYMEKrs 25,933 25,933 11,129
STEPPING STONES PRE-SCHOOL srATEMENTS OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 AUGUST 2020 Unrestricted Restrlcted Funds Funds Total 2020 Total 2019 NET SURPLUS OF INCOMING RESOURCES OVER pAYmErS 25,933 25,933 11,129 Fund Balances Brought Forward at I September 2019 22,153 22,153 11,024 Fund Balances Carried Forward at 31 August 2020 48,086 48,086 22,153 REPRESENTED BY: CURRENT ASSETS Debtors and Prepayments Business Select Instant Access Account Community Directplus Account Cash in Hand 1,607 15,012 32,884 1,607 15,012 32,884 902 14,980 6,565 49,505 49,505 22,451 CURRENT LIABILITIES Creditors and Accruals 1,419 1,419 298 NET ASSETS 48,086 48,086 22,153 The financial statements on pages 5- 7 were approved by the trustees on and are signed on its behalf, below. We confirm that the records together with the information and explanations provided to K A Eke constitute a true and correct record of all the transactions of the Trust for the year ended 31 August 2020. airperson Treasurer
srEPPING sfoNES PRE-SCHOOL NOTESTO THE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2020 General Notes Basis of Accounting The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting by Charities. Interest Recelved Interest received consists of interest received on the charity's bank deposit account. Trustees No remuneration or other benefits were paid to the trustees or people connected with them by the charity. No transactions were undertaken by the charity in which a trustee or connected person has a material interest. Expendlture The amount paid for the independent examiner's fee is £275. There were no grants to institutions. The charity does not have any endowment funds. The charity does not have any investment assets. Employees Number of Employees The average monthly number of employees during the year was: 2020 2019 Number Number Trustees ( of whom 3 are officers: 2019- 3) Officers Staff 12 11 12 12