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2020-08-31-accounts
Trustees' Annual Report for the period
From Period start date To Period end date
Day
1		 Month
Sept		 Year
2019		 Day
31		 Month
Aug		 Year
2020

Section A Reference and administration details Charity name Stepping Stones Nursery School Other names charity is known by Registered charity number (if any) 1081242 Charity's principal address Milford Baptist Church, New Road, Milford, Godalming, Surrey Postcode GU8 5RB

Names of the charity trustees who manage the charity

1
2
6
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee
(if any)
Fiona Dunford Chair Milford Baptist Church
Philippa Rowe Secretary Resigned September
2020		 Milford Baptist Church
Francesca Eyton-
Jones		 Treasurer Milford Baptist Church
Natasha Parkin Secretary Appointed September
2020		 Milford Baptist Church
Christine Sargrove Appointed January2021 Milford Baptist Church
Lynn Edge Appointed January2021 Milford Baptist Church

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Early Years consultant Rachel Dearnley

Name of chief executive or names of senior staff members (Optional information)

Nursery Manager – Debbie Goold; Deputy Nursery Manager – Karen Netley; Senior Early Years Practitioner – Lynda Goddard

Section B Structure, governance and management

Description of the charity’s trusts

How the charity is constituted

Constitution Trust

Church member trustees elected by church members. Other trustees who Trustee selection methods represent the parents are elected by parents and ratified by existing (eg. appointed by, elected by) trustees

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

The objectives of the nursery school are:

Summary of the objects of the charity set out in its governing document

(a) The advancement of the education (including spiritual development) of children below the age of compulsory education,

(b) The provision of facilities for recreation for such children in the interest of social welfare and with the object of improving their conditions of life, by providing for all children (without discrimination for any reason including a child's religious background, racial origin, cultural and

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linguistic background) a safe and satisfying nursery school in a Christian environment. The total costs spent in order to achieve these objectives amounted to £100,214 for the financial year. The main activities are to provide education and childcare for families within the community. The nursery follows the Foundation Stage curriculum for education. It is registered and inspected by Ofsted and follows advice on best practice and statutory regulations from Surrey County Council. Summary of the main activities undertaken for the During this year we used the services of an independent advisor, Rachel Dearnley. Rachel provided specialist support around staff training, public benefit in relation to professional development. Rachel also supported the team by hosting a these objects (include within parent information evening that discussed child development and school this section the statutory readiness. declaration that trustees have had regard to the guidance Services amounted to £1,000 during the financial year. issued by the Charity Commission on public benefit) The trustees have regard to the guidance issued by the Charity Commission on public benefit.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

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Section D Achievements and performance

Stepping Stones has continued to give excellent child care and education Summary of the main to families in the community. It continued to have good links and achievements of the charity relationships with local infant schools to which the children transfer. during the year The Nursery is open for 10 sessions per week. We received an Ofsted inspection visit under the new inspection framework on 16[th] January 2020. We received a glowing report and the nursery was graded as ‘Good’ in all areas. The Year of 2019 – 2020 started with 29children on roll. We ended the year with 30 children on roll. (1 child moved house, 1 child moved to a specialised nursery for children with additional needs, one child moved to a nursery nearer their intended infant school and 20 left for primary school) This academic year was particularly challenging with the Coronavirus pandemic forcing the nursery to only operate normally for 1 ½ terms. Autumn term 2019 The nursery operated normally for the autumn term. Our staffing remained the same as the previous year and we celebrated Christmas with a children’s party, a visit from zoo lab and our nativity play. During the autumn term we had visits from a yoga teacher and Mies Van Dorp We introduced a rolling lunch to our nursery day to provide the children with a more relaxed approach to the nursery day allowing children’s play and learning to flow naturally without the interruptions of a formal daily routine. We also introduced a breakfast bar to provide the children who arrive hungry with the option of a nutritional breakfast Staff changes: Lauren left the nursery in December 2019. Louise opted to change from a full team member to a bank staff member employed for two days a month. Resources We introduced loose parts play into our curriculum to support children’s creativity. We also purchased Childs camera Childs sofa Rain suits for wet play and outdoor visits Human Resources: There are various leadership roles within the nursery which have not changed during this academic year: Designated Safe Guarding Lead (DSL)

Karen is the safeguarding lead and Debbie continues to be the deputy. They work together to ensure that the children’s safety and wellbeing is paramount. SENCO

Lynda continues to be our Senco Lead . During the last academic year Lynda has focused her time on supporting children’s individual needs. This input is essential for targeted learning development and provides support for children, parents and Staff. Lynda has ensured that all the children on our Send register were provided with virtual support and individual targeted activities and support during the lockdown period.

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Section D Achievements and performance

During the year Lynda commenced her training to become an ELSA

Back in February I started the ELSA course with psychology first and completed three units before lockdown - and the course was put on hold until October and now I have completed all units .

PSED is the core of the early years curriculum and it is important that as a nursery we are embedding emotional literacy as part of our daily practice. We will also be able offer 1-2-1 or group sessions for the children in our setting who are having social communication difficulties, struggling to manage strong feelings, having attachment difficulties or suffering grief and loss, using age appropriate activities.

The training and support is ongoing as we will now have access to an educational psychologist and supervision meetings every half term to ask advice.

Once I receive my certificate in December we can use the ELSA network logo on our website and as early years training is new in this area we will be the only nursery in the Godalming area offering ELSA support to our families’. Website Co-ordinator

Lynda is our website coordinator – a role which also involves updating the website. School Transition Management

Lynda also supports the whole team to prepare our school leavers for a smooth transition to various local schools

Building improvements

Unfortunately due to the pandemic no changes were made to the building.

Communication with parents:

Communication with parents during the spring and summer term was very challenging. Due to the pandemic it was important that we did not allow any person into the building apart from members of the nursery staff. Therefore communication via email, telephone, and tapestry and the parent’s portal became our main means of communication.

Emails continued to be our preferred method to contact parents regarding non-confidential matters such as newsletters, absences, fee payments.

Staff appraisals and supervision

Supervisions were conducted throughout the Autumn term. Appraisals were not conducted this academic year.

Training

First aid – Karen, Lynda and Debbie completed their paediatric first aid refresher in July 2020. We were one of the first groups to attend face to face training after the lockdown period

Karen- Planning in the Moment

In addition to our training given by Rachel I attended training delivered by Anna Ephgrave who has been a practitioner, nursery manager and childminder in her time and is now sharing her own wealth of experiences, in particular planning in the moment. It was a very inspiring course and put into context everything that we had already learnt, confirming that with a

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Section D Achievements and performance

good enabling environment children will explore and learn finding their own interests, which is when we seize the moment to extend their learning there and then while they are focused. I then felt confident enough to relay this back to the team and it has been running really well until Covid arrived! Salaries We increased our pay for the lowest pay bands in order to comply with increases to the minimum wage, which started in April 2020 Pension Scheme - We are now into the fourth year of the Pension Scheme with NEST. All staff have been offered a pension, whether they are automatically enrolled or not.

Section E Financial review

Brief statement of the
charity’s policy on reserves
Details of any funds materially
in deficit		 We ensure that we hold in reserve enough funds to cover the running of
the pre-school for half a term, approximately 6 weeks, and redundancy
costs; this amounts to £36,000. This is monitored routinely by the
Treasurer and Trustees in case mitigating action is required. If the need
to close should ever arise then staff would be given half a term’s notice.
During the year in question, reserves remained at a satisfactory level and
were substantially above target at £74,000.
The trustees have assessed their reserves policy and are satisfied that
reserves are in place for more than a term to ensure the charity is able to
continue functioning in the 2020/21 financial year and beyond. Financial
information is being assessed regularly including reviewing informal
budgets and cash flow to ensure that the charity can continue for longer
than half a term (the current reserves policy).
n/a

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

• Payment of nursery fees by parents • Payment of grant by surrey county council for all funded hours A designated unrestricted fund is held to be used at management’s discretion for investment into improved assets or larger purchases that would benefit the nursery either directly to the children or by supporting the management to provide a better learning place. Although this is designated discussions have been held to hold off on spending through this fund until the pandemic and effects on the finances have been resolved.

This ‘Development fund’ is categorised within the accounts as unrestricted.

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Section F Other optional information

In early 2020 the global pandemic 'Covid-19' prevented the nursery from functioning in its day to day activities. The nursery was closed from 23 March 2020 and reopened on 30 May 2020 with significantly reduced uptake in hours. During the period of closure staff continued to be paid in full and Government funding was available based on Spring 2019 hours to support the charity.

The accounts of the charity have been prepared on the going concern basis - the trustees have assessed the going concern position and have no reason to believe that there are any material uncertainties that would affect the ability of the charity to continue as a going concern for the foreseeable future. Clearly the Covid-19 global pandemic is a material uncertainty, but this does not automatically mean that the going concern basis is inappropriate. The trustees have carefully considered the impact on the charity, both in the short and longer term. The trustees have considered the period covering the next 12 months from the date of this report and have reviewed forecasts for that period in making their assessment.

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Fiona Dunford Position (eg Secretary, Chair, Chair etc) Date

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STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242

ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020

Milford Baptist Church New Road Milford Godalming Surrey, GU8 5BE

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242

ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPPING STONES NURSERY SCHOOL, MILFORD

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2020 which are set out on pages 2 to 11

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material 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 charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts 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 accounts to be reached.

Catherine Barnard

FCA

Brayne, Williams & Barnard Limited, Chartered Accountants & Registered Auditors Rosemount House

Rosemount Avenue West Byfleet Surrey, KT14 6LB

Dated: 30th June 2021

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 STATEMENT OF FINANCIAL ACTIVITIES ‐ CURRENT YEAR

Notes
INCOME AND ENDOWMENTS FROM
Donations and Legacies
Charitable activities
2
Total
EXPENDITURE ON
Raising Funds
Charitable Activities
3
Total
NET EXPENDITURE
Transfers between funds
Net movement in funds
9
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
9		 Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
70
‐
70
86,868
‐
86,868
2020
86,938
‐
86,938
61
‐
61
100,112
‐
100,112
100,173
‐
100,173
(13,235)
‐
(13,235)
‐
‐
‐
(13,235)
‐
(13,235)
87,272
‐
87,272
74,037
‐
74,037

All of the above results are derived from continuing activities.

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 STATEMENT OF FINANCIAL ACTIVITIES ‐ PRIOR YEAR

Notes
INCOME AND ENDOWMENTS FROM
Donations and Legacies
Charitable activities
2
Total
EXPENDITURE ON
Raising Funds
Charitable Activities
3
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
9
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
9		 Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
294
‐
294
116,194
‐
116,194
2019
116,488
‐
116,488
182
‐
182
102,655
2,000
104,655
102,837
2,000
104,837
13,651
(2,000)
11,651
‐
‐
‐
13,651
(2,000)
11,651
73,621
2,000
75,621
87,272
‐
87,272

All of the above results are derived from continuing activities.

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 BALANCE SHEET

TONES NURSERY SCHOOL, MILFORD
D NUMBER: 1081242
FOR THE YEAR ENDED 31 AUGUST 2020
HEET
Notes
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
9
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
Funds
Restricted
Funds
£
£
5,214
‐
2020
Total Funds
£
5,214
5,214
1,305
71,803
73,108
(4,285)
68,823
74,037
74,037
74,037
‐
74,037		 2019
Total Funds
£
7,082
5,214
‐
1,305
‐
71,803
‐		 7,082
1,464
80,884
73,108
‐
(4,285)
‐		 82,348
(2,158)
68,823
‐		 80,190
74,037
‐		 87,272
74,037
‐		 87,272
87,272
‐
87,272

These financial statements have been approved on 30th June 2021

Fiona Dunford

For and on behalf of the Board of Trustees

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with FRS 102, the Charities Act 2011 and the requirements of the Statement of Recommended Practice (SORP), Accounting and Reporting by Charities.

Stepping Stones Nursery School is a body established by Trust, and is governed by its constitution. The charity is a public benefit entity as defined by FRS 102. The financial statements contain information about the charity as an individual body.

The financial statements are presented in sterling, which is the functional currency of the charity and rounded to the nearest £.

Going concern basis

The charity is able to settle outstanding invoices, bills and commitments as they fall due and the trustees have no reason to believe that there are any material uncertainties that would affect the ability of the nursery school to continue as a going concern for the foreseeable future. Having made their assessment, the trustees consider that it is appropriate to prepare the accounts on a going concern basis.

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. Nursery fees are recognised within the academic period that they relate to.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from grants (including government grants) is recognised in the period in which the teaching is performed, as the service is delivered, using the performance model as per FRS102. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attached to them. Where the grant imposes performance‐ related conditions, it is recognised only when those conditions have been met. Where grants are received prior to satisfying the revenue recognition criteria, they are recognised as a liability.

When donors or grant‐making entities specify that donations and grants are for particular restricted purposes, this income is included in incoming resources of restricted funds.

b d d f bl b

These notes form part of the financial statements

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES (CONTINUED)

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. All expenditure is recognised inclusive of VAT, where VAT applies.

Expenditure on charitable activities includes those costs incurred by the charity in delivering its activities and includes both direct and allocated support costs.

Cash and cash equivalenets

Cash and cash equivalents include cash in hand and cash deposits with financial institutions that are readily convertible to known amounts of cash with insignificant risk of change in value.

Tangible fixed assets

Tangible assets are stated at cost less depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for intended use.

Depreciation is provided at the following annual rates in order to write off assets over its estimated useful life.

Plant & machinery ‐ 25.00%, 10.00% on cost Computer equipment ‐ 33.33% on cost Leasehold improvements ‐ 25.00% on cost

Upon disposal the difference between net proceeds and the carrying amount of the item sold is recognised within the statement of financial activities within charitable activities.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Funds structure

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objectives.

Restricted funds are funds which have been given for particular purposes and projects.

Financial instruments

The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and investments in non‐putative ordinary shares. Debt instruments (other than those wholly repayable or receivable within on year), including loans and other accounts receivable and payable, are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method.

These notes form part of the financial statements

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS

2. INCOME FROM CHARITABLE ACTIVITIES

Grants received
Nursery fees
Grants received
Nursery fees		 Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
75,403
‐
75,403
11,465
‐
11,465
2020
86,868
‐
86,868
Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
86,544
‐
86,544
29,650
‐
29,650
2019
116,194
‐
116,194

All government (or council) grant income received in the year have been spent during the year and there are no unfulfilled conditions or contingencies at the year end

ACTIVITIES
Staff costs
Property costs
Independent examination fees
Accountancy fees
Compliance fees
Consulting fees
Office costs
Children costs
Insurance
Advertising
Staff welfare & training
Covid‐19 compliance costs
Late filing penalty
Sundry costs
Bad debts
Depreciation		 Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
76,698
‐
76,698
5,406
‐
5,406
1,125
‐
1,125
615
‐
615
104
‐
104
1,000
‐
1,000
3,891
‐
3,891
5,200
‐
5,200
457
‐
457
206
‐
206
1,963
‐
1,963
1,314
‐
1,314
100
‐
100
93
‐
93
72
‐
72
1,868
‐
1,868
2020
100,112
‐
100,112

3. CHARITABLE ACTIVITIES

These notes form part of the financial statements

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS

3. CHARITABLE ACTIVITIES (CONTINUED)

Staff costs
Property costs
Independent examination fees
Accountancy fees
Compliance fees
Consulting fees
Office costs
Children costs
Insurance
Advertising
Staff welfare & training
Depreciation		 Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
78,738
8
78,746
5,169
‐
5,169
990
‐
990
563
‐
563
142
‐
142
1,520
‐
1,520
3,213
‐
3,213
8,764
372
9,136
401
‐
401
200
1,620
1,820
1,389
‐
1,389
1,566
‐
1,566
2019
102,655
2,000
104,655

4. TRUSTEES' REMUNERATION AND BENEFITS

During the year, Francesca Eyton‐Jones, a trustee, received a wedding gift that was purchased for £72 ‐ as outlined in our Constitution, the trustees have sought approval for this transaction from the Charity Commission. No trustee has received any further remuneration during the current or prior period.

Trustees' expenses

3 (2019: 2) trustees were reimbursed during the year at the following amounts:

Mrs F Dunford
Mrs F Eyton‐Jones (Née Ho)
Mrs P Rowe		 2020
£
330
265
72
667		 2019
£
305
248
‐
553

The nature of the expenses relates to the everyday running of the charity.

5. STAFF COSTS

S
Salaries
Employers NIC
Pensions		 2020
£
74,284
316
2,098
76,698		 2019
£
77,381
‐
1,365
78,746

The average number of employees during the year was 7 (2019: 7)

No employees received emoluments in excess of £60,000.

Key Management Personnel received total benefits during the year of £34,457 (2019: £33,296). Key Management Personnel are defined on page 5 of The Annual Return.

These notes form part of the financial statements

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS

6. TANGIBLE ASSETS

COST
At 1 September 2019
At 31 August 2020
DEPRECIATION
At 1 September 2019
Charge for year
At 31 August 2020
NET BOOK VALUE
At 31 August 2020
At 31 August 2019
MOUNTS DUE FALLING WITHIN ONE YEAR
Trade debtors
Prepayments
: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Taxation and social security
Accruals		 Plant &
Machinery
£
4,528		 Computer
Equipment
Leasehold
Improvements
£
£
993
4,553		 Total
£
10,074
4,528 993
4,553		 10,074
355
581		 574
2,063
149
1,138		 2,992
1,868
936 723
3,201		 4,860
3,592 270
1,352		 5,214
4,173 419
2,490		 7,082
2020
£
28
1,277
1,305
2020
£
1,181
432
436
2,236
4,285		 2019
£
591
873
1,464
2019
£
‐
‐
1,167
991
2,158

7. DEBTORS: AMOUNTS DUE FALLING WITHIN ONE YEAR

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

These notes form part of the financial statements

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS

9. MOVEMENT IN FUNDS

IN FUNDS
Unrestricted funds
General fund
Child deprivation fund (designated)
Development fund (designated)
TOTAL FUNDS		 At 1
September
2019
Net
movement
in funds
Transfers
between funds
At 31 August
2020
£
£
£
£
71,212
(12,394)
‐
58,818
1,305
61
‐
1,366
14,755

(902)
‐
13,853
87,272
(13,235)
‐
74,037
87,272
(13,235)
‐
74,037

Net movements in funds, included in the above are as follows:

Unrestricted funds
General fund
Child deprivation fund (designated)
Development fund (designated)
TOTAL FUNDS		 Income
Expenditure
Net
movement
in funds
£
£
£
86,135
(98,529)
(12,394)
803
(742)
61
‐
(902)
(902)
86,938
(100,173)
(13,235)
86,938
(100,173)
(13,235)

These notes form part of the financial statements

STEPPING STONES NURSERY SCHOOL, MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 NOTES TO THE FINANCIAL STATEMENTS

9. MOVEMENT IN FUNDS (CONTINUED)

Unrestricted funds
General fund
Child deprivation fund (designated)
Development fund (designated)
Restricted funds
30 hour grant
TOTAL FUNDS		 At 1
September
2018
Net
movement
in funds
Transfers
between funds
At 31 August
2019
£
£
£
£
73,621
12,591
(15,000)
71,212
‐
1,305
‐
1,305
‐

(245)
15,000
14,755
73,621
13,651
‐
87,272
2,000
(2,000)
‐
‐
2,000
(2,000)
‐
‐
75,621
11,651
‐
87,272

Net movements in funds, included in the above are as follows:

Unrestricted funds
General fund
Child deprivation fund (designated)
Development fund (designated)
Restricted funds
30 hour grant
TOTAL FUNDS		 Income
Expenditure
Net
movement
in funds
£
£
£
115,183
(102,592)
12,591
1,305
‐
1,305
‐
(245)
(245)
116,488
(102,837)
13,651
‐
(2,000)
(2,000)
‐
(2,000)
(2,000)
116,488

(104,837)
11,651

10. RELATED PARTY TRANSACTIONS

There are no related party transactions that require disclosure for the current or prior financial year.

These notes form part of the financial statements