STEPPING STONES NURSERY SCHOO4 MILFORD REGisfERED NUMBER: 1081242 Accoumfs FOR THE YEAR ENDED 31 AUGUST 2024 Mllford Baptlst Church New Road Mllford Godalmin8 Surreyl GU8 58E srEPPING STONES NURSERY SCHOO¥ MILFORD REGISTÉRED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 INDEPENDEfr4T EXAMINER'S REPORTTO THE TRu￿EEs OF STEPPING STONES NURSERY SCHOOU MILFORD l Teport to the charity trustee5 on my e￿MinatIon of the accounts of the charlty for the year ended 31 Au8USt 2024 which are set out on pages 2 to 11 R•sponslbllltle5 and b1515 of feport A5 the charit¢5 trustees you are responslble for the preparation of the account5 In accordance with the requlrement50f the Charities Act 20111'the Act'l. I report In respect of my examination of the charitvs accounts carried out under sectlon 145 of the Act and in carrying out my examlnatlon I have followed all ihe applicable Dirertions glven by the Charlty Commission under section 14515llbl of the Act. Independent eximln¢r's statemeni I have completed my examlnatlon. I conflrm that no materlal matters have come to my attentlon In connectloTr wlth the examination 8lvln8 me cause to believe that Sn any materlal respect.. l. attountln8 records were not kept In respect of the charlty as requlred by sectlon 130 01 the Act,. or 2. the accounts do not accord wlth those record5,' or 3. the accounts do not comply with the applScable requlremenis concernlng the form and content of a¢¢ounts set out In the Charltles (Accounts and Report51 Regulatlon$ 2008 other than any requlrement that the accounts glve a 'true and lalr vlew, whlch is not a rnatter con51dered as part of an independent examlnation. I have no toncerns and have come across no Other matters In connectlon wlth the Èxaminatlon to which attentlon should be drawn In this report In order to enable a proper understandln8 of the accounts to be reached. E Matthews AAT I ACIE18AFA I IAB / ICB Accountablllty business Servlces Ltd Wortln8 House Wortln8 Road Basln8Stoke Hampshire Dated.. 16th May 2025 srEPPING sfoNES NURSERY SCHOOL MILFORDREGlSfERED NUMBER: 1081242AccouNfs FOR THE YEAR EP REGisfERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 STATEMEKf OF FINANCIAL AcfiviTIES- CURRENT YEAR 2024 Unrestrlcted Restricted Funds Funds Notes Total Funds INCOME AND ENDOWMENTS FROM Donations and Legacies Charitable activities 180 126,405 126.585 180 126,405 126,585 Total EXPENDITURE ON Raising Funds Charitable Activities 103 108.255 108.358 103 108,255 108.358 Total NET EXPENDITURE 18.227 18.227 Transfers between funds Net movement In funds 18,227 18,227 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 31,869 50,096 31,869 50,096 All of the above results are derived from continuing artivities. STEPPING STONES NURSERY SCHOOI MILFORD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 STATEMENT OF FINANCIAL ACTIVITIES- PRIOR YEAR 2023 Unrestricted Restricted Funds Funds Notes Total Funds INCOME AND ENDOWMENTS FROM Donations and Legacies Charitable activities 170 77,361 77,531 170 77.361 77.531 Total EXPENDITURE ON Dated: 16th May 2 Ralsln8 Funds Charitable Artivlties 96.638 96.638 96,638 96.638 Total NeT INCOME/(EXPENDITURE) (19,107) (19.107) Transfers between funds Net movement In funds (19,107) (19.107) RECONCILIATION OF FUNDS Total f unds brought forward TOTAL FUNDS CARRIED FORWARD 50,976 31,869 50,976 31.869 All of the above results are derived from contlnulng actlvlties. STEPPING STONES NURSERYSCHOOI MILFORDREGISTERED NUMBER: 1081241ACCOUNTS FOR THE YEAR ENDED31 AUGUST2024MSWord I REGISTERED NUMBER: 1081242 ACCOUNT5 FOR THE YEAR EIIDED 31 AUGUST 2024 BALANCE SHEET 2024 Unrestrlcted Restrtcted Funds Funds 2023 r4otes Total Funds Toi•l Funds FIXED A55ET5 TangSble assets Z.759 2.759 2.759 2.759 3.2S CURRENT ASSETS Debtors Cash at bank and in hand I￿97 56.809 58.406 l.S97 S6.809 $8A06 1.165 34,646 35,811 CREDITORS Amounts fallln8 due wlthln one year 111.0671 Ill￿67) 17.2321 NET CURRENT ASSETS 47.339 47339 28.S79 TOTALASSETS LESS CURRENT UABILITIES SOW98 50m8 31.869 NET ASSETS 50.098 50.098 31,869 FUNDS OF THE CHARITY Unrestrlcted funds Restrlcted funds TOTAL FUNDS 50.096 31,869 50,096 51.869 These flnanclil statement5 have been approved on Flo unford For and on behall of the Board of Trustees Dated: srEPPING sfoNES NURSERYSCHOOL MILFORDREGisfERED NUMBER: 1081242ACCOUNfs FOR THE YEAR ENDED31 AUGUST 2024MllfoD REGISTERED NUMBER: 1081242 ACCOUNTS FOR THE YEAR ENDED 31 AUGusf 2024 NOTESTO THE FINANaALSTATEMENTS I report to the charlty trurtees on my ex•M1￿110n ofthe accounts of the charltyforthè year •nd•d 31 Auiugt 2024 whlch ar, Basis of prnp•r•tlon These flnanclal statements have been p￿Pared under the hlstorlcal cost conventlon. The financial statements have been prepared in accordance wlth FRS 102. the Charities Act 2011 and the requirements of the Statement of Recornmended PTatticé ISORPI, Accountln8 and Reportlng by Charltles. Stepping Stones Nursery School Is a body establlshed by Trust, and is govern￿ by its constltution. The charfty Is a publlc benefit entlty a5 defined by FRS 102. The finandal statements contain Inlormatlon about the charity as an individual bodv. The flnanclal statements are presented In 5tedin& whlch Is the fun¢tlonal currency of the charlty and rounded to the nearest £. Golni conc•m ￿111 The flnanclal statements have been prepared on a golng concem basls as the trustees have assessed tht goln8 concern P051tlon. The charfty Ss able to settle out5tandlng invoice5. bllls and comrnltments a5 they fall due and the trustee5 have no reason to believe that there are any materlal uncertalntSes that would affect the ablllty of the nursery school ro contSnue as a goln8 concern for the foreseeable future. In¢offle All Income Is reco8n15ed In the Statement of Flnznclal Artlvltles onte the charlty has entitlement to the funds. It Is probable that the Income wlll be ￿CeIved and the arnount be measured rellably. Nursery lees are ￿cognISed wlthln the acadernlc perfod that they relate to. For donatlon5 to be recognlsed the charlty wlll have been notifsed of the arnounts ond the settlernent date In wrltln8. If there a￿ condltSons attached to the donatlon and thls requlre5 a level ol performan￿ before entitlement can be obtalned then Income Is defer￿d untll those condltSons are fully met or the fullllment ol those condltlons Is wSthln the control of the charlty and Itls probable that they wlll be fulfllled. Income frorn grants IlncludlnB government grants) Is reco8nSsed In the perlod In whlch the teachlng Is performed, as the servlce 15 dellvered, usln8 the performance model as per FR5102. Grants are not reco8nlsed untll there 15 reasonable a5sur3nce that the cttarfty wlll comply wlth the condltlons attached to them. Where the 8rant Imposes performance- related condltlon5. It 15 recognlsed only when those condltSons have been met. Where grants are received prfor to 5atlsfylni the revenue reco8nltlon crlterla, they are reco8n15ed as a Ilablllty. When donors or 8rant-makln8 entltles 5peclfy that donatlons and grants are for yrtlcular restrlcted purp05e5, thls Income 15 Include¢J In Incomlng resources of restrlcted lund5. These notes fomi part of the flnancial statements STEPPING STONES NURSERY SCHOOL MILFORD REGISTERED NUM8ER: 1081242 ACCOUNTS FOR THÉ YEAR ENDED 31 AUGusf2024 NOTESTO THE FINANaALSTATEMENTS I. ACCOUNTING POLICIES ICONTINUEDI Empendlture Uabilities are recogni5eEI as expenditure as soon a5 there is a legal or constructive obllgatlon commlttlng the charlty to that expenditure. it is probable that a transfer of econornlc benefits will be requlred In settlement and the amount of the obll8atlon can be measured reli3blv. Expenditure Is accounted for on on accruals basls and has been classified under headin8S that a88re&ate all cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlng5 they have been allccated to actlvlties on basls con515tent wlth the use of re50urce5. All expendlture15 reco8nlsed Inclu51ve of VAT. where VAT opplles. ExpendSture on charltable actlvltles Includes those costs Incurred by the charlty In dellverlng Its actlvltles and Include5 both dlrect and allocated 5UPPOrt C05t5. Cash and cash ¢qulv4l¢n¢ts Cash and cash equlvalents Include cash Sn hand and cash deposlts wlth flnanclal Institullons that are readlly convertlble to known amounts of cash wlth Insl8nlfl¢ant rfsk ol ¢hon8e In Wdlue. T•nglbl• flxed iis•ts Tanglble assets are Stated at cost less depreclatlon. Cost Includes the orl8lnal purchBse prlce and costs dlrectly attrlbutable to brln8ln8 the asset to Its workln8 condltlon lor Intended use. Dèpreclatlon Is provided at the followln8 annual rates In order to wrlte off assets over Its estlmated useful Ilfe, Plant & machlnery Computer equlpment Leasehold Improvements - 25.00%, 10.00% on c05t - 33.33% on cost 25.00% on cost Upon dlsposal the dIfferen￿ between net proceeds and the carrylng amount of the Item sold Is reco8nlsed wlthln the Statement of flnanclal actlvltles wlthin charltable actlvllles. Debtors and credltors r•c•1vablélpay•b￿ wiihln one ye•r Debtors and credltors wlth no stated Interest rate and re￿1vable or payable wSthln one year are recorded at transactlon prlce. Anylosses arfsln8 from lrnpalrment are reco8nlsed Sn expendlture. T•M•tlon The charlty Is exempt Irorn tax on Its charltable actSvltles. Fund5 5truclure UnrestrScted funds cofflprlse those funds whlch the trustees are f￿e to use In accordance wlth the charltable oblectlves. Re5trlcted funds a￿ funds whlch have been 8lven lor partlcular purposes and projects. Flnanclal Instruments The charity only enters Into baslc flnènclal Instrument transactlons that result In the recoBnltlon of nnanclal assets and Ilabllltles Ilke trade and other account5 recelvable and payable and Investments In non-putative ordinary shares. Debt Instruments lother than those wholly repèyable or rece5vable wlthln on yearl. Includln8 loans and Other accounts receivable and payable, are Inltlally rneasured at present value of future cash flow5 and subsequently ai amortlsed cost uslng the effectlve InterESt rnEthod. These notes fom) part of the fin3ncial 5tatement5 STEPPING STONES NURSERY SCHOOL. MILFORD REGISTEAED NUMBER,. 1081242 ACC