Charlty reglstratlon number 1078387 AKST sfEP5 WINDSOR ANNUAL REPORT AND U14AUDrrED FINANCIALSTATEMEP475 FOR THE YEAR ENDED 31 AUGU5f 2025
FIRST StEPS WINDSOR LEGALAND ADMINlSfRATIVE INFORMAnON Trustees K Bush N Pryer A Furnell G aark Chartty number 1078387 Prlndpal addrÈss Manoryouth Centre 7 Hanover Way Windsor Berkshire SL4 5NL Independent examiner TC Group 2 Lake End Court Taplow Road Taplow Maidenhead Berkshire England SL6 OJQ
FIRST STEPS WINDSOR corirENTS Tr5Utees' report Independent examinerfs report ststement of financial artiwities Balance Sheet Notes to the financial statements 6-13
FIRsf STEPS WINDSOR TRSUTEES. REPORT FOR THE YEAR ENDED31 AUGUST2025 The trustees present their annual reFK*rt and financial statements for the year ended 31 August 2025. The financlal statements have been pPared in accordance wth the accounting policies set out in notè I to the financi31 aternents and comply with the charity's governing d¢xument. the Charities Act 2011 and "Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191". Objectlves and act5vltles The aim of the charity 15 to serve the local community familles wtth a fun. safe and educational pre-school for children below the compulsory school age. Public benefit The trustees have paid due regard to guidance e by the Charity Commi$5ion in deciding what activities the charity should undertake. Achlevements and perf0MnCe The charity has maintained its 'Good" rating from Of5ted. This ratin8 reflects our ongoing compliance wtth national education standards and tonfirms that we continue to provide a safe. effective environment ft)r the children in our care. During this period, we focused on developing our provision for children with additional needs. We worked to adapt our daily routine5 10 better 5UPPOrt these individua15, aiming to ensure our environment remains accesslble and Incluslve for all attendlng Children. To support our current cohort of children. stsff attended Several relevant training Sessions this year. This professional developmerbt focused on praciical skills to help staff address the specifK everyday addltional needs of the children Currently in our care. Financial review The charity reported total income of £141.145 for the year ended 31 August 202512024= £139,335), with grant funding remaining the primary source of income. Expendwture increased to £130,89612024.. £124.9981. resulting in a net surplus of £10.24912024.. £14.3371. The chartty rernain5 in a strong financial position. with total fvnds of £319,629 at the year end and significant cash balances to support ongoing operaiions. Unre5tritted reserve5 of £226,478 exceed the twstees, target level of three to Six month5, expenditure, providing a high level of financial resilience. Restricted funds of £93.151 will be applied to specific purposes in future periods. Overall, the trustees considerthe tharity to be financialty Stse and well plaod to continue its artiwties. Reseryes poliry It is the policy of the charity that unrestricted hjnds which have not been designated for a specific use should be maintained at a level equivalent to between thiee and six month's expenditu. The trustees consider that reselves at this level will ensure that, in the event of a si8nificant drop in fundin& they will be able to continue thè charitls cyrrent attivities while consideration is gNen to ways in which additional fund5 may be raised. This level of reserves has been maintsined throughout the year.
FIRST STEPS WINDSOR TrSUTEES' REPORT ICONT7NVED) FOR THE YEAR Ef4DED 31 AUGusf2025 Major risks The trustees have assessed the major risks to whith the chority is exposed. and are Satisfied that systems are in place to mitlgate exposure to the major risks. Strurtureth iovemance and management The charity is an unincorporated charity. The charity 15 controlled by its goveming documen¢ a deed of trust that nStite5 èn unlncorporated charity. The trustees who setved during the year and up to the date of signature of the financial ststements were= K Bush N Pryer A Furnell G Clark Recruitmentandoppointment of tmstees The trsutees, report was approved by the Board of Trustees. K Bush Trustee Date=..
FIRSf STEPS WNDSOR INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST sfEP5 WINDSOR I report to the trustees on my examination of the financial Svdtements of First Steps Windsor (the charity) for the year ended 31 Au8usi 2025. Responsibilitles and basls of report A5 the trustees of the charity you are responsible for the preparation of the financial statements In accordante with the requirements of the Charr(ies Att 2011 (the 2011 Art). I report in respect of my examination of the charl$ financial statements tarried out under sertion 145 of the 2011 Act. In carryirbg Out my examination I have followed all the applicable Dirertions given by the Charity Commission under 5eclion 14515llbl of the 2011 Att. Independent examlnef's ststement Your attention is drawn to the fatt that the charity has prepared financial ststements in accordanee with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Repvblic of Ireland IFRS 1021 in preferen to the Accounting and Reporting by Charities.. Statement of Recommended Prartice issued on l Aprhl 25 which is referre(I to in the extant gulation5 but has now been wlthdvawn. l understsnd that this has been done Én order for finanaal statements to PrOde a true and fair view in accordance with Generalfy Attepted Accounting PractKe effective for reporting periods be8innin8 on or after I january 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination gNing me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Art,. or the financial statements do not accord wtth those records: or the financial statements do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gNe a true and fair wew which is not a matter considered as part of an independent examination. I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper under5t2nding of the financial statements to be reached. IQ TC Gro 2 Lake End Court Taplow Road Taplow Maidenhead Berkshire SL6 oja England
FIRST sfEPS WINDSOR srATEMEF OF FINANCIAL AcnvmES INCLUDING INCOME AND EXPENDITURE ACCOIJNT FOR THE YEAR ENDED 31 AUGUST2025 Total Unrestrirt Re5trkted funds funds 2024 2024 Total lunds 2025 funds 2025 2024 Income from: Donations and legacies Charitable activities Investments 130,023 130.023 10.014 1.108 119,929 119,929 17,724 1.682 10.014 1.108 17.724 1.682 Totsl Income 11.122 130,023 141,145 19.4C6 119,929 139.335 Expendilure on: Charitable activities 1.330 129,566 130,896 2,973 122,025 124,998 Totsl expendltsre 1.330 129.566 130,896 2,973 122,025 124,998 Net Income and m(vement In lunds 9.792 457 10.249 16.433 14,337 Reconciliation of fvnd5: Fund balances at I September 2024 216,686 92.694 309.380 2C(1.253 295.043 Fund balan¢es at 31 Aygust 2025 226,478 93.151 319.629 216.686 92.694 309.380 The statement of fit)3nci31 actiwties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activtties.
FIRST STEPS WINDSOR BALANCE SHEET ASAT31 AUGUST2025 2024 Flxed assets Tangible assets li 4.299 4,824 Current assets Cash at bank and in hand 317,871 306.953 Creditors: amounts falllng due withln one ar 12.5411 12.3971 Net current assets 315,330 304,556 Totsl assets less current1SabllFtles 319.629 309.380 Net assets excludln8 penslon lablllty 319.629 309.380 The funds ofthe tharlty Restricted income funds Unrestrirted funds 93.151 226.478 92.694 216,686 319.629 309.380 The financi315tatements were appn)ved by the trustee5 on ... K Bush
FIRST sfEPS WINDSOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED31 AUGUST2025 Accountlng polldes tharlty Inforn10n First Steps Windsor is an unincorpordted charTty governed by its constitution. The charty is registered with the Charity Commission for England and Wales under charsty registration number 1078387. The principal office and operational addre55 is Maidenhead Youth Centre. 7 Hani)ver Way. Windsor. 8erkshire. SL4 5NL. 1.1 Accounung convention The financial statements have been prepared in accordance wlth the chartty's govemin8 document, the Charities Art 2011, FILS 102 "The Financial Reporting Standard applicable in the UK and Republlc of Ireland" I"FRS 102.1 and the Charities SORP -Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charsties preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective l January 20191. The charity is a Public Benefit Entily a5 defined by FRS 102. The charty has taken advantage of the provlslons in the SORP for charities not to prepare a Ststement of Cash Flows. The finan¢fial statements are prepared in sterlin& which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting poliaes adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational e$tenCe for the foreseeable future. Thus the trustees continue to adopt the going COrM basis of atcountin8 in preparing the financial statements. 1.3 Charital)le fvnds Unrestricted funds are available for use at the dixretion of the trustees in furtheran of their charitable objertive5. Restrirted funds are subject to spetffic condttions by donors or grantors as to how they may be used. The purposes and uses of the restrirted funds are set out in the notes to the financial ststements. Endowment funds are sublect to specific tondtLions by donor5 that the capitsl must be maintained by the charity. 1.4 Income Income is recognised when the charity is legalty entitled to it after any performance condition5 have been met, the amounts tan be measured reliab, and it is probable that income will be reived. Cash donations a recognised on 1Pt. Other donations are re¢o8nised once the charity has been notified of the donation. unle55 performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
FI STEPS WIND50R NOTES TO ThE FINANCIAi ATEmEplfs {COP4TINUEDI FOR THE YEAR ENDED 31 AUGUST2025 Accountln8 pollde5 (Continued) Legacies are recognised on receipt or otherwise rf the charity ha5 been notified of an impendinB distribution, the amouni is known, and reIpt is experted. Ef the amount Is not known. the legacy is treated as a Contingent asset. 1.5 Expenditure Expenditure is retognised once there is a legal or construrtive obligation to transfer economlc benefit to third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliab. Expenditure is classified by activity. The costs of Èxh activtty are made up of the total of direct costs and shared costs. including support costs invow in undertaknn8 each activtty. Direct costs attributable to a single activity are all(Kated directly to that activity. Shared costs which contribute to rnore than one activity and support costs which are not attributsble to a single actNity are apportioned between those activities on a basis consistent with the use of resources. Central siaff costs are all(ted on the basi5 of time spent, and depreaation charges are allocated on the rtIOn of the asset's use. 1.6 Tan8lbk ffftd asse Tangible fixed assets are initialty measured at cost and 5ub5equently measured at cost or valuation, net of depreciation and any imFMirment losses. Depreciation is reco8nised so as to write off the cost or valuation of assets less their residual Yalues over their useful lives on the following base5: Plant and equipment Fixtures and fftknn85 Computers 20% Reducing Balance 2(PA Reducin8 Balance 20% Redu¢in8 Balan The gain or 105$ arising on the disposal of an asset is determined as the difference between the sale proceeds and the carryng walue of the asseL ènd is recognised in the statement of financial artNities. 1.7 Impairn*nt of Ilxed assets At each reporting end date, the charity reviews the carrytng amounts of its tsngible assets to deterrnine whether there is any indication that those assets have suffered an impairment loss. ff any such indication exists, the recoverable arTrount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash aThl tash equivalents Cash and cash equiwalents include cash in hand. deposits hdd at call with banks. other 5hort-term liquid investments with original matUTitie5 of the months or less. ar bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilities.
FIRSTSYEPS WINDSOR NOTESTO THE FINANCIAL sfATEMEPITS (CONTINUED) FOR THE YEAR EP4DED31 AUGusf2025 Accountlng polldes IContlnued} Ba5kflnondalo55ets Basic financial assets. whith include debtOf5 and cash and bank balances. are initially measured at transaction price including transaction costs and are Subsequen carried at amortised ¢osr using the effective interest method unless the arrJngement constitutes a financing transaction, where the trdnsaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baskflnanclolllobllldes Basic financial liabilrties. induding creditor5 and bank loans are initially recognised at transaction price unless the arrangement constitutes a financin8 trarhsacuon, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interesL Financial liabilities classified as payable within one year are not amortised. Debt instruments are 5ub5equently carried at amortised c05L usin8the effertive interest rate method. Trade creditors are obligations to pay for goods or services that ha¥e been acquired in the ordinary course of operations from suppliers. Amounts payable are classffied as current liabilrties if payment is due within one year or le55. If not, they are presented as non-current liabilitie5. Trdde creditor5 are recognised initially at transaction price and 5ubsequendy measured at amortised cost using the efferttve interest rnethod. Derecognition offinancial lialitIeS Financial liabilitie5 are dere¢ognised when the thartivs contrdrtual obligations expire or are disthargeil or cancelled. 1.9 Employeè bènèffts The cost of any unused holiday entitlement is recognised in the period in which the employee's seryices a receiv. Termination benefrts are recognised Immediate a5 an eXpere when the charity is demonstrably committed to terminate the employment of an employee or to prowde tem)in3tion benefits. Crftkal accounliw estimates and judgements In the application of the chariws accounting policies. the tnjstees are required to make judgements. estimates and assumptions about the tanwng amount of 35sets arbd liabilitie5 that are not readily apparent from othe¥ sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant Actual results may differ frorn these estimates. The estimates and underlwng assumptions 3re reviewed on an ongoin8 basis. Revisions to accountin8 estimates a recognised in the period in which the estimate is rewsed where the revision affects only that period, or in the period of the revision and future periods where the rewsion affects both current and fUre periods.
FIIIST STEPS WINDSOR NOTES TO THE FINANCIAL sfATEMENfs ICOPfflNUEDI FOR 7HE YEAR ENDED 31 AUGUST2025 Income from dortatlons and le8acies Restrfcted fund5 2025 Restrfcted fund5 2024 Grdrhts 130.023 119.929 Income from drable attlvltlÈs Intt+me 2025 Intome 2024 Fees 10,014 17,724 Analysi5 byfund UnrestrirtÈd funds 10.014 17.724 Income Irom Investments Ur¥estrided Unrestricted fvnds funds 2024 202S Interest receiwdble 1.108 1.682
FIRST STEPS WINDSOR NOTES TOTHE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR EhTDED 31 AUGU5T2025 Elpendilure on tharltable acllv5tles Pr&School PKtrSthool expÈnditurÈ expendrture 2025 2024 Dlrnct costs Staff costs Depreciation and impairment Accountancy fee5 Rent 113.001 1,074 3.365 8,082 1.060 428 1,740 43 106.869 1,206 7,809 655 2.212 24 185 773 Insurance Printin& postage, and ststionary Materials Staff welfare Staff training Photographs Telephone Ofst 1.117 154 378 2,460 2,377 50 832 130.896 124,998 Analysis byfund Unrestricted funds Restricted funds 1.330 129.566 2,973 122,025 130.896 124.998 Net movement In hlnds 2025 2024 The net movement in funds is stated after chargingllcreditingl: Depreciation of owned tangible fixed assets 1,075 1,205 Trustees None of the trustees lor any persons connerted with them) recetved aAV remuneration or benefits from the charity during the year. 10-
FIRST STEPS WIND50R NOTESTO THE FIPIANCIAL sTATEmEr5 ICOffflNUEDI FOR THE YEAR EP4DED 31 AUGUST2025 Employees The average monthty number of employees during the year was: 2025 Number 2024 Nwnbèr Émployment costs 2024 Wages and salaries I13,1 106.869 There were no employees whose annual remuneration was more than £60.(. 10 Taxation The chartty is exempt from tsxation on its artiwties because all its irKome is applied lor charitable purposes. 11 Tan8lble fixed a55ets IILti Cost At I September 2024 Additions 1,708 19.571 550 2.239 23,518 550 At 31 Au8u5t 2025 1,708 20,121 2,239 24.068 Depredatlon and impairment At I September 2024 Depreciation thar8ed in the year 1.2 102 16.105 1,389 170 18.694 1.075 At 31 Au8USI 2025 1,302 16.908 1.559 19,769 Canylng amount At 31 August 2025 3,213 4,299 At 31 August 2024 3.466 850 4.824 11
HRST STEPS WINDSOR NiyfESTO THE FINANaAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 AUGusf2025 IZ (rert9rs. amounts falli due wrthin one yèar 2025 Z024 Other taxation and social securtty Trade creditors Other creditor5 Accruals and deferred income 517 632 360 255 326 1.310 1,194 2.541 2.397 13 Restrkted ld$ The re5trirted funds of the charlty comprlse the unexpended balances of donations and grants held on trust 5ubjert to speofic conditsons by donors as to how they may be u*d. Intomin8 Rèsourw At 31 August 2025 2024 92,694 130,023 1129.5661 93,151 Pr[auS ar. Incomi Re50urce5 At 31 Au8ltst 2024 Z023 94.790 119.929 1122,0251 92,694 14 Unrestrlcted funds The unrestrirted fijnds of the charity comprise the unwended balances of donations and grants which are not subject to specific condition5 by donors and grantors ès to how they may be used. These include desi8nated funds which have been set aside out of unrestricted funds bythe trustees for spetrfie Pufposes. IncomlThJ Resour At 31 August September resources expended 2025 2024 General funds 216.686 11.122 11,3301 226,478 12-
FIRST STEPS WINDSOR NOTES TO THE FINANQAL STATEMENTS (CONnNUED) FOR nis YEAR EP4DED 31 AU6UST2025 14 UnrÈstrfcted funds {CMtinued) Prevlous year: Intoming Resourcès At 31 August 2024 2023 General funds 2LK).253 19.406 12.9731 216.686 IS Analysis of net assets between funds Total fund5 2025 funds 2025 2025 At 31 Au8USt 2025: Tangible assets Current assetsllliabilitiesl 4.299 222.179 4,299 315,330 93.151 226.478 93,151 319,629 Total funds funds 2024 2024 2024 At 31 August 2024: Tangible assets Current assetsllliabilitiesl 4.824 211.862 4.824 304.556 92.694 216,686 92,694 309,380 16 Related party transactlons There were no disc105able related party transactions during the year12024- none). 13-