REGESTERED CHARITY NUMBER: 1078387 REPORT OF THE TRUSTEES AND UNAUDITED FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR FIRST STEPS PRE-SCHOOL Siiles & Compaily Chartered Cerlitied Accoiintant5 2 J.ake F.i)d Coiirt Taplow Maidenhead Bei'kshire SL6 OJQ
FIRST STEPS PRE-SCHOOL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of the Trustees Independent Examiner's Report Siatement of FinAneiAI Activities Balgn¢e Sheet Notes to the FinanciAI Statements Detailed Siatement of Financial Activities 10 lo 11
FIRST STEPS PRE-SCHOOL REPORT OF THE "I"RUSTEES FOR THE YFAR LNDED 31 AUGUST 2024 The trustees present their report with the financial statements ol- Ihe charily foi. the ycar ended 31 August 2024. The Éruslees have adopted the provisions of Accounting and Rcporting by Charities.. Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (oftective l January 2015). OBJLCTIVES AND ACTIVITIES The aim of th¢ cl)arity is lo serve the local community families with a fun safe ¢ducational pre-school for children below the compulsoiy SLhool age. The trustecs have paid due regdrd to giiidance issued by the Charity Commission in dcciding what activities the Charity should Undertake. STRUCTURE, GOVERNANCE AND MANAGF.MENT Governing doeument The charity is ¢onti'oll¢d by ils governing do¢umenl, a d¢¢d of Irust and Conslilutes an unincorporated charity. REFERLNCL AND ADMINIS"fRATIVE DFTAILS Registered Charity number 1078387 Principal Rddress Manor Youth Centre 7 Hanover Way Windsor Berkshire SL4 5NL Trustees Mr.% K Bush Ms N Pryer Ms G Clark Ms AL Furnell Independent FJx#mlner Philip Om¢rod Siilcs & Company Chartcred Certified Accoiintants 21.akc End Couil T8pIow Maidenhead Berkshire SL6 OJQ Approved by ordLr of the board of triislees on and signed on ils behalf by- 's K BLish - Trustee Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST STEPS PRE-SCHOOL Independent exaniiner's report to the ¢rustees of First Steps Pre-school J report lo Ilie cliarily trustees on my examination of the accounls of'Firsl Stepg Pre-school {th¢ Trust) for the year ended 31 Aiigust 2024. Responsibilities And basis of r¢port As the charity trustees of Ihe Trvst you are responsible for the preparation of the accounts in accordance with the r¢quiremeiits of the Charities Act 2011 ('Ihe Act,). I report in respect of my oxaminalion of the Tni.%l's accoiints carried oiil under section 145 01 the Act and in earrying out my exan]inalion L h¢lV¥ followed all applicable Dirertions given by the Charity Commission undei. seclion 145(5){b) of the Act. Independent exxminer's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordan¢¢ wilh Accounling and Rcporting by Cliarities preparing Ih¢ir accounts in accordance with the liinaneial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} in preference lo the Accounting and Reportin&, by Charities.. Statement of Recommended Practice issued on l April 2005 which is r¢ferred lo in Éhc extant regulations bul has now bee withdrawn. l understand th&t this has bcen done in order for financial statements to provide a true and fair view in accordance with Generally Acccpled A¢¢ounting Practice effcctive for reportinb periods beginning on or after l January 2015. I have complcted my examination. I confirm that no matters have come to my attention in connection witl) the examination giiving me caus¢ to believe tliat in at)y material respect.. accountingi records were not kept in respect of the association as requircd by seciion 130 of. the 201 l Acl. or the financial statements do not accord with those record5; or thc financial 51atemcnts do not comply with the applicable requirements con¢eming tl)e torni and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other thali any requiremcnt that the accounts give a tnie and fair view which is not a matter considered as part of an independent examination. I liave no eonccrns aiid have Gonie across no other mallers in ¢onnection with the examination lo which attention .qhould be drawn in this I'eport in order lo endble a proper undcrstanding of the financial slalements to be l'eached. Philip Orineiod l.'.C.C.A Stiles & Company Chartered Certified Aecounlanls 2 Lake End Court Taploiv Maidenhead Bei'kshire SL6 OJQ 24 Jun 2025 Date.. FL,1, 0.-. _ $4,1.. & Page 2
FIRST STEPS PRE-SCHOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THL YEAR ENDED 31 AUGUSI" 2024 31.8.24 31.8.23 RestriGt¢d rixed asset funds Unrestricted fund Restricted funds Total funds Total funds Notes INCOME AND F.NDOWMENTS IIROM Income 17,724 119,929 137,653 135.374 Inv¢stniei)C income 345 Total 19,406 119,929 l39,335 135.719 EXPENDITURE ON Raising fjjnds 2,972 118,447 121,419 118,432 Other Total 2,972 122,025 124,997 121.720 NET INCOME 16.434 (2,096) 14,338 13,999 RECONCILIATION OF FUNDS Total fund8 brought forward 200.252 94,242 548 295,042 281,043 TOTAI. FUNDS CARRIED FORWARD 216686 548 309 380 295 042 Tlie note5 form part of these fiiiancial statements Page 3
FIRsf STEPS PRE-SCHOOL BALANCE SIIEET 31 AUGUST 2024 31.8.24 31.8.23 Rbslricted fixed asset funds Unrestricted funds Reslricted funds Total funds Total funds Notes FIXED ASSETS Tangible assets 511 3,764 548 4,823 5.153 CURRLN'f ASSETS Cash ai bank and in hand 217,115 306 954 292 124 217,115 89,839 306,954 292.124 CREDITORS Ainounts falling due within one year (940) (1,457) (2,397) (2,235) NET CURRLNT ASSETS 216 175 304 557 289 889 TOTAI, ASSETS LESS CURRENT LIABII.I'I"IES 216.686 92,146 548 309,380 295,042 NET ASSETS 216 686 548 309 380 295 042 Unrestricted funds Rcstricted funds 216,686 200.262 TOI'AL FUNDS 309 380 295 042 I'hc financial slatemenls w¢r¢ approved by the Board of 'l'riistees and aiilhorised foi. issiie on . and were signed on ils behalf by.. K Bush - I'rLlStee The notes forin part of these financial statements Page 4
FIRST STEPS PRE-SCHOOL NOTES TO THE FINAP4CIAL STATFMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUIYTING POLICIES Basi5 of preparing the financigl statements Th¢ fii)ancial statem¢nls of the charity, wliich 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 Iheiraccounts in accordanco with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (eff¢clive l January 2015),, Financial Repoiting Stai)dard 102 'The Financial Repoi1ing Standard hpplicable in the UK and Republic of Ireland, the Charities Act 2011. 'I'he financial statements have b¢on prepared linder the historical cost convention. Income All income is recognised in the Statement oFFinancial Activities once thc charity has entitlement to the fuiids, it is probable thal the income will be rcceived and the amounl can be measured reliably. Expenditure Liabilities al'e I'ecognised as expendittire as soon as there is a legal or constructiv¢ obligyalion committing the charity lo ihat expenditure, it is probable that a Iransfer of economic benefits will be required in settlement and the amounl of the obligation can be measured reliably. Expenditure is a¢counted for on an accruals basis and has been classified under headings that aggregate all wst related to the category. Where costs cannot be directly attribiited to particular hcadings, they have been allocated to a¢livilies on a basis consistent with the use of resoiirces. 'I'¥ngible fixed 4ssets D¢preciation is provided at the following anniial rales in order to wrile off each asset over ils estimated useful life. Plant and machinery Fixtures and fittings C.ompLlter equipment 200/• on reducin& balance 200/0 on reducing balaiice 200/0 on reducin& balance Taxation The charity is excmpt fi'om tax on 118 chai'itable activities. Fund gceounting UnrestriLted funds Can b¢ used in accordance with thc charitable obj¢clives at the discretion of the trustees. Restricled fiinds can only be used for particular reslricted purposcs within the objects of the charity. Restrictions ai'ise when specified by tl)e donor oi. when fiinds are I'ais¢d for particular I'estricled purposes. rurther explanation of Ihe nature and purpose of each fijnd is included in I1)e iiotes lo the tinancial slatemenls. Hire purtliase and leasing commitments Rentals paid linder operating Icases are ¢harged lo the Stateineiit of Finaiicial Activities on a stt'aight lii)e basis over the period of (he l¢ase. Page 5
FIRST STEPS PRE-SCHOOL NOTES TO TFIE FINANCIAL STATEMENTS - continued FOR THL YEAR ENDED 31 AUGUST 2024 IIYVES'I'MENT IiYCOME 31.8.24 31.8.23 Deposit a¢wunt interest 345 INDEPENDEiY'I' EXAMINERS Tr'EE During the ycar the Charity incurred expenditure in relation to the Iiidependenl examiner's slatemenl of £954 including VAT (2023.. £945) TRUSTEF.S' REMUNERATIOIY AND BENF.FITS There were no trustces, remunei'ation or other benefits for the year ended 31 Aligiist 2024 nor for the year ended 31 August 2023. Trustees, expenses There were no Irusl¢es' expcnses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. STAFb COSI'S The average monthly number of employecs duriiig the year was as follows.. 31.8.24 31.8.23 ducation No employces i'eceived emoliiments in excess of £60,000. COMPARATIVTr:S FOR I'HE STATEMENI. OF FINANCIAL A1VITIEs RestriLled rixcd Unrestricted fund Restricted funds fuiids funds INCOME AND ENDOWMENTS FROM Incume 24,791 110,583 135,374 Other trading activities Invcstillent incoine 345 345 Total 25,136 110.583 135.719 FXPENDITURF ON Raising funds 3,465 114,967 118,432 Other 3,288 3,288 Page 6
FIRST STEPS PRE-SCHOOL NOTES I'O TIIF FINANCIAL STATEMENTS- eontinued FOR THL YEAR ENDED 31 AUGUST 2024 COMPARATIVES FOR'I'IIE STATFMENT OD D INANCIAL ACTlVI'fiES- continued Rcstricted fixed asset funds Unrestricted fund Restricted funds Total funds Total 3.465 118,255 121,720 NF.T INCOME 21,671 (7,672) 13,999 RECONCILIATION OF FUIYDS Tot&1 funds brought forward 178,581 101,914 548 281,043 TOTAL FUNDS CARRIED FORWARD 200,252 94,242 548 295,042 TANGIBLF. FIXED ASSETS Fixtures and fittings Plant and niachinery Computer CqLiipmcnt Totals COST Ai I Septcinber 2023 Additions 1,471 237 19,571 1,600 639 22,642 875 I)LPRECIATION At I Septcmber 2023 Charge for year 1.073 127 15.239 866 1,178 212 17,489 206 Ai 31 August 2024 1,200 NLT BOOK VALUL At 31 August 2023 398 4,332 422 Al 31 Aiigiisl 2024 508 849 Page 7
FIRST STEPS PRE-SCHOOL NOI'ES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 CREDI"I'ORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 3 l.8.23 Trade creditors Taxation and social 5eGurily Oilier creditors 360 843 342 512 1,381 2,397 LEASING AGREEMENTS Mininium lease paymenls under non-cancellablc operating l¢ases fall due as follows: 31.8.24 31.8.23 Within one year 8,000 MOVEMb.NT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds General fund 200,252 16,434 216,686 Restricted funds Ldiication Restricted Fixed Asset 94,242 548 (2,096) 92,146 548 I'OTAL FUNDS 295 042 309 380 Net movcmenl in funds, in¢liided in the above are a8 follows.. Incoming resources Resources expeiided Moveiiient in fiinds Unrestricted funds General fund 19,406 (2,972) 16.434 Restricted funds Ediicalion 119,929 (122,025) (2096} TOTAL FUNDS 139 335 124 997) 14,338 Page 8
FIRST STEPS PRE-SCHOOL NOTES TO TIIE FINANCIAL STATEMENTS- continued FOR TIIE YEAR FNDF.D 31 AUGIJST 2024 MOVEMLN'f IN Fuf4DS - continued Comparatives for movement in (unds Net movement in fuiids At 31.8.23 Ai 1.9.22 Unrestricted fiinds General fuiid 178.582 21,671 200,253 Resti'icted funds Education Restricted F ixed Asset 101,914 548 (7,672) 94,242 548 102 462 94,790 TOTAL FUNDS 281043 13,999 295 043 Comparative net movement in funds, in¢luded in the above ar¢ as follows.. Incoming resources Rcsources cxpcnded Movement in funds Unrestricted (undy General fund 25,136 (3,465) 21,671 Restricted fund$ Educalion 110,583 (118,255) (7,672) TOTAL FUNDS 135 719 121720) ii. RELATED PARTY DISCI.OSIIRES There w¢r¢ no I'elaled party ti'ansaclions for tEie year ciided 31 August 2024. Page 9
FIRST STEPS PRE-SCHOOL DF.TAILED STATFMENT OF FINANCIAL ACTIVITIES FOR THE YEAR FTrIDED 31 AUGUST 2024 31.8.24 31.8.23 INCOME AND ENDOWMENTS Don#tions and legacies Ineonie Pre-school fees 119,929 16.997 I10,583 24,323 136,926 134,906 Other trading activities l.undi'aising events 727 468 Investmenl income Deposit account inlerest 1,682 345 Tolgl incoming resources 139,334 l35.719 EXPLNDITURE Raising donation$ Ind legAcies Wages. National Ins & Pension Other opcrating leases Insurance Postage and stationery Materials and equipment Staff welfure Staff Ii'aining Rc¢ruilmcnt Plant and machinery rixtures and fillings Computer Cquipment 106,869 7.407 474 241 4,431 401 24 100,236 7,237 453 549 7,155 278 930 94 99 1,083 106 127 866 212 121,053 118,220 other trAding aetivlties Photograplis 185 211 Support costs ManAgenient Telephone Siinilries Repairs and Renewals 773 181 378 684 246 1.332 930 Governance costs Independent ex%mincls fees Carried forward 954 954 945 945 This Page does not forin part of the staliitory fiiiancial staleinei)Is Pag¢ 10
FIRST STEPS PRE-SCHOOL DETAILED STATEMENT OF FIIYANCIAL ACTIVITIES FOR TIIE YEAR ENDED 31 AUGUST 2024 31.8.24 31.8.23 Governance costs Brought forward Accoiinlancy and legal fees Ofsted fee 954 1,423 50 945 1.364 50 2.427 2.359 Total resoiirces expended 124 997 121720 Net incorne 1.3,999 This page does not form parl of the slaliitory finaiicial statements Pagell
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