||||||||| |---|---|---|---|---|---|---|---| ||**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** **TAR** May 2021 1 ## **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** - Type of governing document (eg. trust deed, constitution) How the charity is constituted Constitution Trust - (eg. trust, association, company) 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: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **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 **TAR** May 2021 2 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: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** May 2021 3 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. **TAR** May 2021 4 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_ **TAR** May 2021 5 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: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. • 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. **TAR** May 2021 6 ## **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** **TAR** May 2021 7 **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 3. 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