REGISTERED CHARITY NUMBER: 1078387
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
FOR
FIRST STEPS PRE-SCHOOL
Stiles & Company Chartered Certified Accountants 2 Lake End Court Taplow Maidenhead Berkshire SL6 0JQ
FIRST STEPS PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
FIRST STEPS PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
The aim of the charity is to serve the local community families with a fun safe educational pre-school for children below the compulsory school age.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1078387
Principal address
Manor Youth Centre 7 Hanover Way Windsor Berkshire SL4 5NL
Trustees
Mrs K Bush Mrs S McCormack (Resigned 05/09/2022) Ms N Pryer (Resigned 05/09/2022) Ms G Clark (Appointed 14/06/2022) Ms AL Furnell (Appointed 05/09/2022)
Independent Examiner
Philip Ormerod F.C.C.A Stiles & Company Chartered Certified Accountants 2 Lake End Court Taplow Maidenhead Berkshire SL6 0JQ Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs K Bush - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST STEPS PRE-SCHOOL
Independent examiner's report to the trustees of First Steps Pre-School
I report to the charity trustees on my examination of the accounts of First Steps Pre-School (the Trust) for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the association as required by section 130 of the 2011 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Philip Ormerod F.C.C.A Stiles & Company Chartered Certified Accountants 2 Lake End Court Taplow Maidenhead Berkshire SL6 0JQ
Date: .............................................
Page 2
FIRST STEPS PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,969 Other trading activities: 2 Investment income 3 14 JRS grant income SSP grant income - 308 Total 22,291 EXPENDITURE ON Raising funds 2,273 Other - Total 2,273 NET INCOME 20,018 RECONCILIATION OF FUNDS Total funds brought forward 158,573 TOTAL FUNDS CARRIED FORWARD 178,591 |
Restricted funds £ 99,133 - 99,133 126,496 3,341 129,837 (30,704) 132,608 101,904 |
Restricted fixed asset funds £ - - - - - - - 548 548 |
31.8.22 Total funds £ 121,102 14 - 308 121,424 128,769 3,341 132,110 (10,686) 291,729 281,043 |
31.8.21 Total funds £ 127,225 3 5,333 - |
|---|---|---|---|---|
| 132,561 104,094 3,063 |
||||
| 107,157 | ||||
| 25,404 266,325 |
||||
| 291,729 |
The notes form part of these financial statements
Page 3
FIRST STEPS PRE-SCHOOL
BALANCE SHEET 31 AUGUST 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 1,379 CURRENT ASSETS Cash at bank and in hand 177,792 177,792 CREDITORS Amounts falling due within one year 9 (580) NET CURRENT ASSETS 177,212 TOTAL ASSETS LESS CURRENT LIABILITIES 178,591 NET ASSETS 178,591 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 4,133 99,378 99,378 (1,607) 97,771 101,904 101,904 |
Restricted fixed asset funds £ 548 - - - - - 548 |
31.8.22 Total funds £ 6,060 277,170 277,170 (2,187) 274,983 281,043 281,043 178,591 102,452 281,043 |
31.8.21 Total funds £ 7,486 285,481 285,481 (1,238) 284,243 291,729 291,729 158,573 133,156 291,729 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. K Bush - Trustee
The notes form part of these financial statements
Page 4
FIRST STEPS PRE-SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery 20% on reducing balance - Fixtures and fittings 20% on reducing balance - Computer equipment 20% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 5
FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
2. OTHER TRADING ACTIVITIES
3.
| 31.8.22 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| SSP grant | 308 | - |
| JRS grant income | - | 5,333 |
| INVESTMENT INCOME | ||
| 31.8.22 | 31.8.21 | |
| £ | £ | |
| Deposit account interest | 14 | 3 |
4. INDEPENDENT EXAMINERS FEE
During the year the Charity incurred expenditure in relation to the Independent examiner's statement of £900 including VAT (2021: £900)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
`
| 31.8.22 | 31.8.21 | |||
|---|---|---|---|---|
| Education | 8 | 8 | ||
| No employees received emoluments in excess of £60,000. | ||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Restricted | ||||
| fixed | ||||
| Unrestricted | Restricted | asset | Total | |
| fund | funds | funds | funds | |
| £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 13,808 | 113,417 | - | 127,225 |
| Other trading activities | - | - | - | - |
| JRS grant income | 5,333 | 5,333 | ||
| Investment income | 3 | - | - | 3 |
| Total | 19,144 | 113,417 | - | 132,561 |
| EXPENDITURE ON | ||||
| Raising funds | 3,212 | 100,882 | - | 104,094 |
| Other | - | 3,061 | - | 3,061 |
Page 6
FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted fund £ Total 3,212 NET INCOME 15,932 RECONCILIATION OF FUNDS Total funds brought forward 142,641 TOTAL FUNDS CARRIED FORWARD 158,573 8. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 September 2021 1,091 Additions - DEPRECIATION At 1 September 2021 945 Charge for year 29 At 31 August 2022 974 NET BOOK VALUE At 31 August 2021 146 At 31 August 2022 117 |
Restricted fixed Restricted asset funds funds £ £ 103,943 - 9,474 - 123,134 548 132,608 548 Fixtures and Computer fittings equipment £ £ 19,571 1,600 - - 12,802 1,029 1,354 43 14,156 1,072 6,769 571 5,415 528 |
Total funds £ |
|
|---|---|---|---|
| 107,155 | |||
| 25,406 266,323 291,729 Totals £ 22,262 - 14,776 1,426 16,200 7,486 6,060 |
|||
Page 7
FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.22 | 31.8.21 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 648 | 318 |
| Taxation and social security | 263 | - |
| Other creditors | 1,276 | 920 |
| 2,187 | 1,238 |
10. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year 11. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Education Restricted Fixed Asset TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Education TOTAL FUNDS |
At 1.9.21 £ 158,573 132,608 548 133,156 291,729 Incoming resources £ 22,291 99,133 121,424 |
31.8.22 31.8.21 £ £ 8,000 8,000 Net movement At in funds 31.8.22 £ £ 20,018 178,591 (30,704) 101,904 - 548 (30,704) 102,452 (10,686) 281,047 Resources Movement expended in funds £ £ (2,273) 20,018 (129,837) (30,704) (132,106) (10,686) |
31.8.21 £ 8,000 At 31.8.22 £ 178,591 101,904 548 |
|---|---|---|---|
| 102,452 | |||
| 281,047 | |||
| (10,686) |
Page 8
FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.9.20 £ Unrestricted funds General fund 142,641 Restricted funds Education 123,134 Restricted Fixed Asset 548 123,682 TOTAL FUNDS 266,323 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 19,144 Restricted funds Education 113,417 TOTAL FUNDS 132,561 |
Net movement At in funds 31.8.21 £ £ 15,931 158,572 9,475 132,609 - 548 9,475 133,164 25,406 291,729 Resources Movement expended in funds £ £ (3,213) 15,931 (103,944) 9,473 (107,157) 25,404 |
|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022
.
Page 9
FIRST STEPS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
| INCOME AND ENDOWMENTS Donations and legacies Grants Pre-school fees Other trading activities Fundraising events Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Wages, National Ins & Pension Other operating leases Insurance Postage and stationery Materials and equipment Staff welfare Staff training Recruitment Plant and machinery Fixtures and fittings Computer equipment Other trading activities Photographs Support costs Management Telephone Sundries Repairs and Renewals Governance costs Independent examiner's fees Carried forward |
31.8.22 31.8.21 £ £ 99,441 118,750 21,969 13,808 121,410 132,558 - - 14 3 121,424 132,561 108,901 90,754 8,955 5,378 440 432 174 466 7,694 4,626 379 232 257 - 388 236 29 37 1,354 1,692 42 143 128,613 103,996 158 102 647 618 238 126 220 85 1,105 829 900 900 900 900 |
31.8.22 31.8.21 £ £ 99,441 118,750 21,969 13,808 121,410 132,558 - - 14 3 121,424 132,561 108,901 90,754 8,955 5,378 440 432 174 466 7,694 4,626 379 232 257 - 388 236 29 37 1,354 1,692 42 143 128,613 103,996 158 102 647 618 238 126 220 85 1,105 829 900 900 900 900 |
|---|---|---|
| 132,558 - 3 |
||
| 132,561 90,754 5,378 432 466 4,626 232 - 236 37 1,692 143 |
||
| 103,996 102 618 126 85 |
||
| 829 900 900 |
This Page does not form part of the statutory financial statements
Page 10
FIRST STEPS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 20222021
| Governance costs Brought forward Accountancy and legal fees Ofsted fee Total resources expended Net income |
31.8.22 31.8.21 £ £ 900 900 1,284 1,280 50 50 2,234 2,230 132,110 107,157 10,686 25,404 |
31.8.22 31.8.21 £ £ 900 900 1,284 1,280 50 50 2,234 2,230 132,110 107,157 10,686 25,404 |
|---|---|---|
| 2,230 | ||
| 107,157 | ||
| 25,404 |
This page does not form part of the statutory financial statements
Page 11
nable Issuer Stiles & Company Document generated Fil. 26th May 2023 9.'53.'17 BST Document finggrprint 0457c4c7b09d94281aceff12398d2960 Partles Involved wlth thls document Document processed Party + Flngerprlnt Fri, 26th May 2023 10'.06..42 BST Kay Bush - Signer131ceOe31 f8eb710c97104c90d072f8451 Tue, 30th May 2023 9'.51'.14 BST Philip Omierod - Signer Id160884a80d2317660d486e1761 a7b6al Audlt hlstory log Date Action Tue, 30th May 2023 9'.51.'14 BST Tue, 30th May 2023 9'.51.'14 BST Tue, 30th May 2023 9'.50.'34 BST Fri, 26th May 2023 10..49.'34 BST Fri, 26th May 2023 10'.06..44 BST Fri, 26th May 2023 10'.06..42 BST Fri, 26th May 2023 10'.06..42 BST The envelope has been signed by all parties.192.27.89.72 Philip Ormerod signed the envelope.192.27.89.721 Philip Ormerod viewed the envelope. 192.27.89.72) Kay Bush viewed the envelope.162.30.77.911 Kay Bush viewed the envelope.162.30.77.911 Document emailed lo philip.o@stiles.uk.¢om113.40.169.2471 Sent the envelope lo Philip Ormerod 1philip.o@sliles.uk.coml for signing. 162.30.77.91) Kay Bush signed the envelope.162.30.77.911 Kay Bush viewed the envelope.162.30.77.911 Kay Bush opened the document email.162.30.77.911 Document emailed lo kay.andy@hotmail.co.uk113.40.169.2471 Sent the envelope lo Kay Bush 1kay.andy@holmail.co.ukl for signing Fri, 26th May 2023 10'.06.'42 BST Fri, 26th May 2023 10'.06.'16 BST Fri, 26th May 2023 10'.05.'55 BST Fri, 26th May 2023 10'.05.'09 BST Fri, 26th May 2023 10'.05.'09 BST 192.27.89.72) Philip Omierod has been assigned to this envelope192.27.89.721 Kay Bush has been assigned lo this envelope192.27.89.721 Document generated wilh fingerprint 0457c4c7b09d9428faceff12398d2960 Fri, 26th May 2023 9'.58.'37 BST Fri, 26th May 2023 9'.58.'37 BST Fri, 26th May 2023 9'.54..06 BST 192.27.89.72) Envelope generated by Fran Savoca192.27.89.721 Fri, 26th May 2023 9'.53.'17 BST