**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:
1. accounting records were not kept in respect of the association as required by section 130 of the 2011 Act; or
2. the financial statements do not accord with those records; or
3. 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
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Party + Flngerprlnt
Fri, 26th May 2023 10'.06..42 BST
Kay Bush - Signer131ceOe31 f8eb710c97104c90d072f8451
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Philip Omierod - Signer Id160884a80d2317660d486e1761 a7b6al
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Date
Action
Tue, 30th May 2023 9'.51.'14 BST
Tue, 30th May 2023 9'.51.'14 BST
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Fri, 26th May 2023 10'.06..42 BST
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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
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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
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192.27.89.72)
Envelope generated by Fran Savoca192.27.89.721
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