REGISTERED CHARITY NUMBER: 1078387
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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 Ms N Pryer Ms G Clark Ms AL Furnell
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 2023.
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 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 24,791 Other trading activities: 2 Investment income 3 345 JRS grant income SSP grant income - - Total 25,136 EXPENDITURE ON Raising funds 3,465 Other - Total 3,465 NET INCOME 21,671 RECONCILIATION OF FUNDS Total funds brought forward 178,591 TOTAL FUNDS CARRIED FORWARD 200,262 |
Restricted funds £ 110,583 - - 110,583 114,967 3,288 118,255 (7,672) 101,904 94,232 |
Restricted fixed asset funds £ - - - - - - - - 548 548 |
31.8.23 Total funds £ 135,374 345 - - 135,719 118,432 3,288 121,720 13,999 281,043 295,042 |
31.8.22 Total funds £ 121,102 14 - 308 121,424 128,769 3,341 132,110 (10,686) 291,729 281,043 |
|---|---|---|---|---|
The notes form part of these financial statements
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FIRST STEPS PRE-SCHOOL
BALANCE SHEET 31 AUGUST 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 930 CURRENT ASSETS Cash at bank and in hand 199,912 199,912 CREDITORS Amounts falling due within one year 9 (580) NET CURRENT ASSETS 199,332 TOTAL ASSETS LESS CURRENT LIABILITIES 200,262 NET ASSETS 200,262 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 3,675 92,212 92,212 (1,655) 90,557 94,232 94,232 |
Restricted fixed asset funds £ 548 - - - - 548 548 |
31.8.23 Total funds £ 5,153 292,124 292,124 (2,235) 289,889 295,042 295,042 200,262 94,780 295,042 |
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 |
|---|---|---|---|---|
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 2023
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.
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FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
2. OTHER TRADING ACTIVITIES
3.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| SSP grant | - | 308 |
| JRS grant income | - | - |
| INVESTMENT INCOME | ||
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Deposit account interest | 345 | 14 |
4. INDEPENDENT EXAMINERS FEE
During the year the Charity incurred expenditure in relation to the Independent examiner's statement of £954 including VAT (2022: £900)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.8.23 | 31.8.22 | |
|---|---|---|
| Education | 8 | 8 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
`
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,969 Other trading activities - SSP grant income 308 Investment income 14 Total 22,291 EXPENDITURE ON Raising funds 2,273 Other - |
Restricted funds £ 99,133 - - 99,133 126,496 3,341 |
Restricted fixed asset funds £ - - - - - - |
Total funds £ 121,102 - 308 14 121,424 128,769 3,341 |
|---|---|---|---|
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FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted fund £ Total 2,273 NET INCOME 20,018 RECONCILIATION OF FUNDS Total funds brought forward 158,573 TOTAL FUNDS CARRIED FORWARD 178,591 8. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 September 2022 1,091 Additions 380 DEPRECIATION At 1 September 2022 974 Charge for year 99 At 31 August 2023 1,073 NET BOOK VALUE At 31 August 2022 117 At 31 August 2023 398 |
Restricted fixed Restricted asset funds funds £ £ 129,837 - (30,704) - 132,608 548 101,904 548 Fixtures and Computer fittings equipment £ £ 19,571 1,600 - - 14,156 1,072 1,083 106 15,239 1,178 5,415 528 4,332 422 |
Total funds £ 128,769 (10,686) 291,729 281,043 Totals £ 22,262 380 16,202 1,288 17,490 6,060 5,152 |
|
|---|---|---|---|
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FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 342 | 648 |
| Taxation and social security | 512 | 263 |
| Other creditors | 1,381 | 1,276 |
| 2,235 | 2,187 |
10. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year 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 1.9.22 £ 178,591 101,904 548 102,452 281,043 Incoming resources £ 25,136 110,583 135,719 |
31.8.23 31.8.22 £ £ 8,000 8,000 Net movement At in funds 31.8.23 £ £ 21,671 200,253 (7,672) 94,232 - 548 (7,672) 94,780 13,999 295,033 Resources Movement expended in funds £ £ (3,465) 21,671 (118,255) (7,672) (121,720) 13,999 |
|---|---|---|
11. MOVEMENT IN FUNDS
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FIRST STEPS PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Education Restricted Fixed Asset TOTAL FUNDS |
At 1.9.21 £ 158,573 132,608 548 133,156 291,729 |
Net movement in funds £ 20,018 (30,704) - (30,704) 10,686 |
At 31.8.22 £ 178,591 101,904 548 102,452 281,047 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Education TOTAL FUNDS |
Incoming resources £ 22,291 99,133 121,424 |
Resources Movement expended in funds £ £ (2,273) 20,018 (129,837) (30,704) (132,106) (10,686) |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023
.
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FIRST STEPS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| 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 |
31.8.23 31.8.22 £ £ 110,583 99,441 24,323 21,969 134,906 121,410 468 - 345 14 135,719 121,424 100,236 108,901 7,237 8,955 453 440 549 174 7,155 7,694 278 379 930 257 94 388 99 29 1,083 1,354 106 42 118,220 128,613 211 158 684 647 - 238 246 220 930 1,105 945 900 945 900 |
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This Page does not form part of the statutory financial statements
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FIRST STEPS PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
| Governance costs Brought forward Accountancy and legal fees Ofsted fee Total resources expended Net income |
31.8.23 31.8.22 £ £ 945 900 1,364 1,284 50 50 2,359 2,234 121,720 132,110 13,999 (10,686) |
|---|---|
This page does not form part of the statutory financial statements
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