Charity number: 1097620 Company number. 04334254 Steps Communlty Nursery (High Green) (A company limited by guarantee) Flnanclal Statements for the year endlng 31 August 2024
Steps Cornmunity Nursery (High Greenl Contents of the financial statements Page Legal and admlnlslrallve Infomiallon Dlreclors (Trusleesl Annual Report Indapandenl Examinèrs Report Slalemenl of Flnancial AcllvllS88 10 8alanEe Sh8et 11 Note¥ lo th$ Finanelal Statements 12-17 Page 2
Steps Ctsmmunity Nursery {Hlgh Gr&&nl Leg81 and administrative detalls Reglstered Charlty number 1097620 Registered company numb4r company limited by guaranto9 4334254 Dlrèctors ITrustg981: Julle 8ullman- re8lgned 2 January 2024 Sargh Tyler Lauren Sanderson Alice B8rt1ett- rasigned 10 October 2024 Andrea Jgne Simpson Chrlsty Bond . appointed 23 Oolober 2024 Company Sgcr•tary Lorralne Hague - reslgned 6 March 2024 Debra Goldsworth- appointed 1 March 2024 Reglst8red ofllG• The Campus Pack Horse Lane Hlgh Green Sheffield S35 3HY Bank•r8 HSBC 49-63 Far98t8 Sheffield S12HD Nallonwlde Bulldlng Soclety Kings Park Road Moullon Park Northampton NN3 6NW Indepèndènt oxaminer F Hazlehurst FMAAT FH Accounlar¢cy Servlc8s Anslon Sheffield S25 4JU Page 3
Steps Community Nursery (High Green) Dir&ctors' rèport {incorporatlng the Trustees. annual raportl for th& yèar ending 31 August 2024 The trustees and directors present Ih8ir report wtth tho financial statemanls of tho charity for the year ended 31 August 2024. The Iruslees have adopted the provlsions of Aecountlng and Reporting by CharS1ies.' Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021, leff8clive 1 January 20191. Structure> governance and management The Ch8ritab18 Company is goveined by the Mèmorandum and Articlès of AssocSallon Incorporated 4 December 2001, as amended by special resolution dated 25 March 2003 and certificate of change of name date 11 Aprll 2003 and was entsreé on the Reglsler of CharlU&8 effecllvo 21 May 2003. The company has no share capftal. The guarante& of each member18 Ilmltsd lo £1. STEPS is m8n8ged by 8 voluntary management committee and day lo day runnlng of the charity is undertaken by the appolnled Nurs9ry Manager who manag88 a team of paid staff. Appolntment of Tru8teo8 New Truslegs are recrulled by Invll8llon anélor appllcallon. They are r8prgsenlatlve of lh8 community, leilhèr gèographical or ol inter8511. A fu51 inducllon musl be undertaken by all new Irus199s and a skllls on81ysis ¢ompl819(1. The Tru81888 meet al r8gular Inl8Nals durlng the year and are rèsponsible for 81r8leglc dlrectlon and poli¢y of the charity. Oblectlves and Actlvltles The oblecls of STEPS Community Nursery are: To enhancè the development and educalSon of chlldren under statutory school age by encouraglng Parents to understand and provlde for the needs tsf their children through communlty groups. Public benefit 8tatement The trLJSt88s of Stèps Community Nursery (Hlgh Greenl give due conslderatlon to the Charlty Commission public benefit guidanc8, when carrying out activities to meet ils aims. Our beneficiaries are preThschoDI chlldren and thelr famllles. The activities Ihls year conllnued lo m8èt the alm to enhance the devèlopmènt and edu¢atlon of chlldren of or below statutory school age by en¢ouraging parents to undeTsland and provide for the needs of their children through community groups. Page 4
Steps Communlty Nuwry {High Grtrenl Directors report {incorporating the Trustees. annual rgport} c?ntlnued for th• year ending 31 August 2024 Achievements and performan¢¢ The last year has been a blg year of changes. we have now b8an in our new spaco for a year with everyone feeling more s8tll8d although wè continue lo develop and chang& the classrooms. 11 is nic8 io be 8bl8 lo have dire¢l access to the outdoors and the ouldoor area Is our next blg change to make as we continue lo plan, develop and seek fundlng lo makè our outdoor space a onlinued leaming envl¥onm8nt. It Is also now mor8 easily acc&ssibla for thè baby room. In December we were able to welcome our par•nts for a Chrlslmas nativily hold in the Dr8gonflles room, and the children also joinèd Bll logelher for a Chrislrnas party where a staff member gnt8rtained them as Leo the Lion. The children Ihoroughly enjoyed il and a vlsit from Father Christmas gave a great end to the party. Our fundralslng efforts began wSlh a Chrfsbnag raffle whlch wllh the gLtpport ol our fundrai8lng Irusleg se¢urlng a whole range of prlz8s was a succèss and we agaln slgng¢J up for Caullllow8r card8 where the chlldren designéd their own Christmas cards, wrapplng paper etc. W8 have also managed lo hold an easter rafflg ond a spon80red bounce Ihls yèar and with one of our porgnls running a half marathon for us mèant w& manag¢d £3,595 In fundraising the yearll In Mgrch after 25 year8 a8 Manager Lorr8ln& retired, She hail fulfllled her wlsh lo move the nursary down8tair8 and had led th? leom lo galn and oulslandlng rating Of81ed 5 years ago. She will be missfrd by all and we celebrated her retirement with a childron's disco followed by drop in afternoon for coff&e and cakes for par8nls and colle8guas ond she had many wo11 wlshesll. The stsff18am also calebralad with her on a tsam outSng for afternoon tea. ThSs also led to moro changas with tha nèw18adership team consisting of myself as Ihe Manager, Halgy H8gutr as Oeputy Manager and Cheryl Drewry os the assistant DepLtly Manager. We also welcorned Jamieleigh onlo the staff team lo10Sn the Dragonflies room. In Januory Julie Bullman also stepped down from the management Board and took up a paid position on the team as our new cleaner and helps wllh the occasional lunchtime. We wore happy lo welcome both to the team. Ill April w8 saw the introduction of thè 15 hrs worklng parent enliuemenl for all children from the term after their 2nd birthday. This has also led to a small charge of £1.00 per session lor consumable resources.11 has bgen tricky to both facilitste and administrate and w8 hav8 lots of enquiriesll. P8g8 5
steps Communlty Nurs&ry (Hlgh Greenl Director$" report (incorporating the Trustees annual report} continuèd for the year ending 31 August 2024 Actlviti8s and porformanc8 continuad 11 has also led lo some children extending their days lo the funding hours of 8.30 tIII 4. The fundlng is temi tim6 only and w8 had a very bLJSy Summar term. Th8 summ8r tèrm has Blso saèn a hug8 risa in applications for baby pl8c8s as Ihg funding will stretch lo children from the term after they tum 9 months old. and again the admini8tration for this has been a challenge with the government's dlreclions not belng clear ¢0 families. During Ihg Summor term we also s18rted lo develop the outdoor area and had an outdoor shelter pul up by 2 two volunletsrs lo ènable our SEN chi5dren lo be able to enjoy th& outdoor area and we 8180 manage¢J to re develop the Tnud kSlchen. We have a long way to go bul it was a start which made an mpacl on the way the area could be usèd. At the end ol term our school leavers managed lo enjoy a rinal pira16 party logèlher b¢for8 the next part of Ihelr le8rning Journey began. Dgbra Gold8WOrthy Nursery Manager Chalr'8 RoPQrt In Morch wo said goodbye lo Lorraino who rellred aftor nearly 30 year$ of servlce and we held party wllh the chlldren and partners past and pr&8enl lo celebrala. The trustees were th&n dellghled lo appoint Dèbra as naw NLJrs8ry M8nag8r, Haley as Depuly M8nag8r and Chèryl as Assistant Deputy Manager DSD & SENDCO. This is a great manag8menl team with all the drive and skllls we nggd lo continue lo d811vgr o quality service for Ghlldran and local famille$. On behalf of 811 the staff and Iru61ee8, a blg thank you lo Alice who reslgnod from th9 board and w8 were pleased lo welcome new parent Iruslee Christy al OL¢r AGM in July. In July, the board met lo d18CU8s a pay revlew exercise led by our HR Irusle&, Jane. Th18 was following a commilment to undertake a pay r@Vl8W eX8rcis8 to enable Iruslees lo h8v& a clegr viaw of Ihe currgnl salary commllments and wider market view. 11 was concluded that Steps salari8S generally seem lo be comparable with other surrounding employers and the board agreed that al th15 stage Ih9re wouldn't be any immedlale need lo look al revlewing the rates ol pay. There were other issueg lo consider such as uncertainty of the next Nallonal Mlnimum Wage uplift and possible changès as the result of tha naw govèrnmènt which meant any Changes within the budgot could not b8 committed al this time. Trustees are however still commilled to continually reviewing the pr>silion an¢ talked about other optlons to support staff such as rewards and discount schemes. which ere under conslderalion. The outcome of the review was fed back lo the wlder staff team. At our AGM we also agreed our priorilles for 2024- 2026 in our new foNard plan coverlng the following 5 themes.. Maintaining excgllencg,. Valulng our siaff,. Fundr8ising-, Govemance and Communications. l am very pleased we have this in place as it will help lo shape and direct our work over the next year or so. Finally, I would like to thank all ol the 818ff and trustees for all their conllnued hard work and I look forward lo welcoming the new cohort of Ghildren to nursery In September. Sarah Tylgr Chalr of tho Board of Trust90$ Page 6
Steps Communlty Nursery {Hlgh Greenl Dlrectors reF)Ort lincorporating the Trustags. annual report) contlnu•d for thè year endlng 31 August 2024 Futuro Plans Moving forward into the next year we ar8 looklng al enhanclng our fundraislng effort lo enable us to develop our outdoor area lo both encourage and enable more ouldoor18arning. Wa havè a forward plan Ihal has be@n created by bc*lh the board and the management team with what we are hoping to achieve by the end of 2026 including strengthening the ixiard and Sncreasing our fundraising tsrgels.11 will be another challenging year as the government move forward with the 8xlenslon of the woiking parent enlitlemenl funding to babies agad 9months plus, this will see u8 continuing to b8 busy. Flnanclal Revlew The financial statements are sel out on pagos 10 to 17. Over 500A of tha Income r8c6lved Is vla government funded nursory fee$ ond the r9mainder through gen8raled nursery fee Income. Details of grants recelved during the year are provlded on page 15 of this report. The Stal8monl of Flnanclal Actlvlllgs shows 8 surplu8 of £30,35712023'. deflcll £1,058). Th6 lolal funds at Ihe year-end stsnd al £173.13312023: £142,776). Which is made up of general funds of £74,809, d88ignated funds of £95.244 and roslrloled funds of £3,080. Rasorv•s Pollcy The Charitable Company has a formal reserves pollcy in place, Ihls wa8 revlewed In February 2024. Th& Charity alms lo hold unreslrlcled res&Nes that lake Into account planned aclSvlty level and the organlsalions current and likely futur8 commllmenls. Current organ18alSonal commltmen18 Includa.. Staff salarles and on-cosls for the curr9nl ye8r Redundancy payments Business rates Essenllal equipment replacement fund. Wllh the above mind the reserve¥ requlred Is t161.000. Tho charlty ha$ deslgnalgd an amount of £95,244 towards the raservas. At the end of 31 Augusl 2024 the reserv88 held by the charity Irepresenled by unrestrlcl&d and deslgnaied fundsl is £170,053 12023.. £142,776). P8g8 7
Steps Community Nursery (High Greonl Dlrectors" report (incorporating tho Tru$tg•$" annual r$port) contlnued for the year endlng 31 August 2024 Trustees, rtsponslbllbtles for the flnan¢Sal statement The Iruslee8 (who are a180 directors for the purposes ol company lawl are responsible for preparing the Trustees, Annual Report and the flnanclal slalements in 8ccordance wlth applScabl8 law and United Kingdom Accounling Standards (United Kingdom Gon8rally Accepted Accounting Practice). Company law requiros the directors to pr¢pare financlal glalements for each financial year. whlch glve a true and farr vlew of the slate of affalrs of the company at the end of the year and of the surplus or deficiency for the year Ih&n ended. In pr&parlng those flnancial 8tstsmont8. thè tru8le&$ are required lo.. select suitable accounting policies and then apply Ih8m consislenlly observe the malhods and princlples in the Charitiès SORP 2019 IFRS1021 mok8 judg8m8nts and 8slimal8s that are reasonabl8 and prudent prepare the flnanclal slalemenls on the going concem b8sis unless il is inapproprlalo to presume that the charllable company will continua In operation The Iru8tees are responslble for keeping proper accounting rgcords whlch disclose wllh réasonable accuracy 818ny Ilme the financl81 position of the charily and lo enable them to ensure thal th9 flnanclal statements Comply wllh the Companies Act 2006. Thgy arg also responsible for safeguardin9 the as¥ets ol the charitable company and hence for taking reasonable Steps for the pVentIOn and dele¢lion of fraud and other irregularilles. Small company provlslons: Thlg report hag been prepared In accordance with the special provl8lcn8 for 8mall ¢ompanl¢$ under Part 15 Of tho Companles Act 2006. The trustees declare that they have approved the Irust8e8' annual report and are 8bgned on their behalf by.. Signed Dale= Prlnl Name.. Position= £pr£A -fy Leo Ll I zl 2oLL4 Trustee Page 8
Indopendent examiners report to the trustees of Steps Communlty Nursery {Hlgh Gr•en} Charltablè Company I report to the charlty trustees on my examlnatlon of the accounts ofthe charitab Company for the yèar andèd 31 August 2024. Responslbllltles and basls of report As the Qharily Iruslees of the Company land also its directors for the purpose5 of company lawl you are respon51ble for the preparallon of the accounts in accordanc8 wllh th6 requirements ofthe Companies Act 2006 I'lhe 2006 Acll. Having satisfied myself that the accounts of the Company are not reqLJlred lo be audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report in resp8cl ol my examlnallon of your charfty'8 accoun18 as carried out und8r secllon 145 of the Ch8ri1i&s Act 20111'lh8 2011 Acll. In carrying out my @Xamination I h8v8 followed the Directions given by the Charity Commission under section 145151 ol the 2011 Act. Independent examln8rfs statement Since the Company's gross Income 8xc8edèd £250.000 your examiner must be a m8mber of a body listed In section 145 01 Ihè 2011 Act. I confirm Ihal l am qualifled io undertak8 th8 examinallon because l am a member of the Assoclallon ofAccounllng Technician, whlch 1$ one of the listed bgdies. I havg compleled my examlnallon. I conflrm Ihal no matters have come lo my attenllon in conneolion wllh the examination glvlng me ¢oUSg to believe.. 1. accounllng r8cords were not kept in rgspecl of the Company a3 requlred by sectlon 386 of the Act., or 2. the a¢unt$ dts not awrd with those r8¢ord$', or 3. the accounts dg not comply with Ihe a¢¢ounling r$quiremenl$ of se¢tion 396 of Ihe 2006 Act other then any requirement that the accounts give a'true and fair. view which is not 8 m8tl&r consldered as part of an Independent ex8mln8tlon,' or 4. the accounts have not been prepared In accordance wllh the methods and prlnciples of the Slalemtrnt of Rg¢ommgnded Praclicg for 8¢¢0unling and reporting by ¢harilie8 applicabl8 lo charS118s pr8parlng Ih8ir accounts in aocordanca wSlh tha Flnanclal Reporting St8ndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In c¢nnecllon wllh the exaMinaOn lo whlch attention Should be drawn In thi8 report In order to 8n8ble a proper underslandlng of the gccounts to ba reached. Slgngd.. Faye Hazlehurst FMAAT FH A¢counlancy Services Page 9
stOP5 Communlty Nurg¢ry (Hlgh Greenl ststem8nt of Flnancl81 Actlvitlas Ilncludlng Ineome and Expense Account) foi the year ¢nding 31 August 2024 Unre8trlct8d Funds Re8trl¢ted Funds 2024 Unre$trl¢ted Re$trfcted Total Funds Funds 2023 Total INCOMING RESOURCES Granls Fees Donatbons & GIftAl¢J Fundraistng 27,581 27,581 389,204 2.089 2,415 1,254 389 4.153 15.349 15.349 345,998 389.204 2,089 2.415 1.284 389 4,153 345,986 2,705 2,582 599 2.817 2.705 2.582 599 2,617 Sundry Income Bank int8r85t TOTAL INCOMING RESOURCES 399,504 27,581 427,085 354,498 15,349 369,847 RESOURCES EXPENDED Stsff Tr8inlng & tr8v•I Bank charge8 Rent, rates & room hlre Equlpment, books and software Play mat8rials & 51eliDngry Cleaning & hygigne Milk 8nd relr8shm8nl$ Subscription & insur8? Adrnlnlstratlon and 9ffl¢g COSt$ Rglurblshtnent & M8lnlenanoe Telephon& Des checks Actlvltles & event6 Professlondl fo86 PéThalllès & fines Depreci8tion Other expense8 307,S19 892 60 50,993 3,169 21,47S 328,994 892 269,173 46 30 37,000 1,857 2,254 1,903 4,124 1,831 74S 37,324 1,023 182 210 1,159 6,677 13,14S 272,318 46 30 37.000 4,060 2,254 1,903 4,124 1.831 74S 37.324 1.023 182 210 1,159 6,577 40 1,910 820 51,033 5,079 820 2,204 1,564 2,789 2,144 827 2,789 2,144 827 566 187 187 1,018 1.018 256 2se 498 498 120 120 TOTAL EXPENDED RESOURCES 372,227 24,501 396,728 355,557 16,349 370,906 Net Incornelexpendlture 27.277 3,080 30.357 11,0591 11,0581 Tran$fei$ between funds Ngt mov•ment In funds 27,277 3,08 30,357 11,0591 11,0581 Total fund$ brought forward 142,776 142.776 143.835 143,835 Totsl funds ¢ard•d forward 170,053 3,080 173.133 142,776 142,776 Tha Slalemenl of Financial Acllvllies Includes all galns and k)sses recognked in the r. The a¢¥11]05 of the ch&rKabl8 0)mp8ny aro r4assed as conllnuing. Paye 10
Steps Communlty Nursèry (Hlgh Grogn) Balance Sheet as at 31 August 2024 2024 2023 Note$ Tangibltr fixèd assets 1,025 Curr8nt assets Debltsrs Cash al Bank and in hand Total Current assets 3,786 231,488 235,254 5,677 169,772 175,449 Currant Llabiliti8s Cradllors - dua wilhln on@ year Total IlabllStleg 163,146 {63,146 132,6731 132,6731 Net current a8sBtsllllabllltle81 173,133 142,776 N•t assfrts 173.133 142.776 Rgprgsgntgd by: General funds Designated funds Reslriclod funds Total Charlty funds 74,809 95,244 3,080 173,133 50,776 92.000 142,776 The notes on the follpwlng pages form part of these flnandal 81alemenls. For the pgriod gnding 31 st August 2024. the Company Is enlilled lo the audll axempllon under 477 of the Companies A¢1 2006. The members havg not requlred the company lo oblaln an audll In accordance with s8ction 476 of th8 Companies Act 2006. The dlreclors acknowledge Ihelr respon8lbllltie8 for complylng wllh the requlrements of the Act with respect to accounllng cOldS and the preparallon of accounts. Thesè aceounls have been prepared In accordance th the provislons appllcabl8 10 companies subject lo the small companies, regime. These financlal statements were 8pproved and slgned by the Board of directors. Signed.. Prlnt name.. -fy LeL Date.. Director Gl12 |2oLLI- Page11
Stsps Community Nursery (High Green Notes to the financial statements for thg y¢ar endlng 31 August 2024 1 Aecountlng pollcle$ Ba$1$ of prèparation Tha financial statemgnts have been prepared In accordance wllh Accountlng and Reporting by Charllles- Statement of Recommended Practice applicable lo charflles preparing their accounts in accordance with Ihe Fin8neig1 Reporting Standard 4ppIic8ble in the UK and F¢epublic of Ireland IFRS 1021 (effective 1 January 2019} (charie6 SORP IFRS102}l and the CompanSes Act 2006. The charity meets th8 definition of a public b&nefit 8ntily under FRS102. AsS8ts and Ilabilili8$ 8r8 inili811y r8¢ogni8ed at hi81orical cost or transaction value unless otherwi88 slated In the relevant account polioy notes. The accounts have baen analysed using the natural clas$lflc8Uon method. Fund$ Unrestricted funds arg funds whlch arg available for u8e al the dl8crellon of the truslegs In furtherancg of the general oblectives ol thé charity and whiGh havo not be¢n designaled for olhor purpose8. Oeslgnated funds comprise of unre8lricled funds that hav¢ been sel aside by the Iruslè68 for partlcular purposes. The alm and use of each deslgnaled fund Is sel out In the notes lo the linanclal slal8monts. R&slrfcted funds ar8 funds whlch are to be used in accordance with 8pecÈfic raslrictlons Imposed by donors or which have been raised by the charity for particular purposgs. Thg cost of ral8lng and admin18terfng 8uch fund8 arè ¢harged againsl the specific fLÈnd. Incomlng Resource$ All Income 18 Included in Ihe Slalemenl of Flnanclal Actlvltlos when the charSly18 entitled lo the income, the receipt is probable and the amount can be measured reli¥bly. Donations and sundry Income 9re o¢¢ounlod for on a recelpls basis. Grant and fo8 income are accounted foT on an accruals basis, insofar as il is prudent lo do so. Donated servic85, assets and facilities arg included 88 Income al fair volue where it is practical lo quantlfy and the v81LJe can be measured reliably. A correspondlng amount is recognised a5 expenditure or an 8s$el as approprialo. No amounis are Included lor the value of 8ervice8 provided by volunteer5 which is in line with SORP IFRS1021. Donations and l¢gacies are occounted for when they are recelvable. Int8rest on funds hald on dgposII is included when receivable and the amount can be measured reliably by the charity., this is normally upon notiftcation of the Inloresl pald or payable by the bank. Page 12
Stèps Community Nursery (High Greenl Notes to the financial statèments for the year ending 31 August 2024 Expèndliura l expendlture Is accounted for on an accruals basls an¢J has been Gla¥sified using the natural classificgtion. Expenditure Is reGognised once there18 a legal or con81ruellve obl¢gation to mBk8 8 payment lo a third party, il is prob8ble that settlement wlll be roquired and the amount of the obllgation c8n ba measured reli8bly. Irrecoverable VAT is charged as a cost agalnsl the activity for which the expendllure was IncurrBd. Tanglble Flxed Ass&ts Tangible fixed assets with a cost exceedlng £1,000, are caplta118ed and dgpraclatad over their expected useful lives. Tha rates appllcable are.. Flxlures. fittings and equlpmenl- 20% slralght Ilne bas18 In the yèar of acqulsitlon, a88els ar8 depreclaled for the full ya8r. O•btor8 and crfrdltors racglvablelpayablo wlthln onè ar Deblgrs and credltors with no stated Intere81 rale and recglv8bl8 or payable wllhln one year ara recorded 8t Iransactlon prlce. Any losses arlsSng from impairment are recognlsed In expendllure. L•ase8 Rentals payable and receSvabl8 under opèratlng 1oa$gs are ¢h•rged lo the SOFA on a slrolghl lino basis ov8r the perlod of the lees8. Golng Concarn Note The flnanclal slatoments have been prepared on a going concem b8818. Th9 trust99S have Considered the level of funds held and the expected level of Income and expenditure for the 12 months following Iho 8Uthori$ing of these financlal slalemenls and conslder tha going concern basis appropriate. Pènslon Costs and other post-retirement b&ngfit$ The Charity operates a defined contribution pension scheme. Contributions payabl8 to tha charitls pension scheme are charged to the SOFA In the period to which they relate. Tax The charlty Is exempl from corporation lax on income from ils charflable a¢livities. Page 13
steps Communlty Nursery (Hlgh Greenl Notes to the fSnanclal ststements for Ihtr year endlng 31 August 2024 2 Reconciliation statement: funds restated undèr Ch4rltle$ SORP IFR8102} Asat1Se lember 2023 Unrestrlcled Reslrictsd Funds Funds Total Funds Grant Income br•akdown orlglnally slatèd 2023 Funds re4laled after ¢onfirmallon Ih818CC Nursery Education Fundlng is not restricted. moved to fee incoma 402 173,754 189.103 1173,7541 189,505 Funds reststed under FRS102 Note 4.. The cost ol salaries funded via the above fund has baan movèd Irom rèstricted salary &xp¢ndlture Into unr¢¥trl¢ted Salary expenditure lo reflect the above income re.8tatemenl. Analysls of Incomo Unrestrlctsd Fund8 Rg$trlcl•d Funds Total 2024 Total 2023 3 Grants SCC - Reglrlcled funds High Grgon D8volopmgnl Trust 27,125 456 27.581 27,125 456 27,581 15,349 15,349 All income recelved from grants during 2023 wa8 reslrlcted. Total 2024 Total 2023 4 Staff Costs Salaries Employers nBtlonal Snsuranca Employers allowance Employer penslon contrlbuuons Payroll co818 309,642 17,772 {5,000) 5,480 1,100 328.994 259,341 13,315 15.0001 3,914 748 272,318 The average number of employees during the year was 2212023.. 211, all of whom were engaged in activit188 in furtherance of the obje¢ls of the Gharily. No employee receive emoluments in gxcess of £50,000 per year {2023'. none}. Page 14
Steps Communlly Nursery (High Greenl Notes to the financial ststem¥nt$ l¢ontinu•d} for thè year endlng 31 August 2024 5 Fixed Assets Fixtures & Equlpment Tot81 Assets Cost Balance bd 01.09.23 Addlllons In the year Disposals Balance clf al 31.08.24 1,281 1,281 1,281 1,281 Dèpreciation Balance bfwd 01.09.23 Disposals Charge for the year Balancè df 8131.08.24 256 256 258 256 Net book value at 31.08,24 1,025 1.025 6 Dgbtor$ 2024 2023 Fees Pr&p8yment8 and accrued Income 2.969 617 3,786 4,576 1.100 5,676 7 Credltors 2024 2023 Fees In advancg Govemmenl funding recelved In advance Accruals Taxallon & Soclal Securlty Credllors Othgr crgdilors 583 55.949 950 5,188 356 120 63,146 302 28.595 1,882 2e7 900 707 32,673 Other creditors is the balance owed on the credit card al the end of the fln8nd81 year. P89e 15
Steps Communlty Nursery (Hlgh Greenl Notes to the flnan¢lal statements (continued) forthe year ending 31 August 2024 8 Movement in funds Restricted funds Opening InGoming Resources Transfers Closing balance resources expended balanc8 2024 Sheffield City Council - Restricted Hlgh Green Development Trust 27,125 456 27.581 24,045 456 24,501 3,080 3,080 Opening Incomlng Resources Translers Closlng balance resources expended balance SCC Spacial N&8ds 15,349 15,349 15,349 15,349 Sheffi&ld Cit Council - Restricted fund The grants recelved from Sheffl8ld City Councllls reslrlcled and for the followlng purposes: DAF - Dlsablllty Access fundlng, this can be applled for once a year for a chlld who flts the cAleria, the alm Is lo ensure that a chlld can access funded Ghlldcare. EYIP Early Years Inclusion fundlng. this funding 18 for support If 8 need Is identified. The fund is given while a more formal identification takes place. This could be extra staffing or resourceslexperlences. EHCP - Educatlon and Health care plan - thls is to cover whatever the chlld needs to keep them safe and to meet their needs such as extra slaff1ng or equipment etc sel out in their plan. EYPP- Early Year$ pupil premium- Given lo some children who may come from low income families. This is lo holp towards anything extra that they may need food, resources or experiences that we can provide to assist Ihelr development including extra support staff. SNIPS - Special needs Inclu51on play ¢ar• 8eTvl¢e - Thesès payments are usually for support staff or childcare and can be because a child has an additional need or are under sooial ¢are or both. HI h Green Develo ment Trust HGDT Funding received for hours worked by SEND Staff member for HGDT. Page 16
Steps Communlty Nursery (Hlgh Green) Note$ to the financial statements Icontlnued) for the year ending 31 August 2024 9 Movament In funds Designated funds Opening Incoming Resources fransfers Closing balance resources expended balance Future redundancy costs & windlng up Equipment costs 86,000 6,000 3,264 20 89,244 6,000 95,244 3,264 20 Openlng Incomlng Resources ransf•rs Closlng balance ro$our¢es expended balance Futur8 r&dundancy costs & windlng up Equipm8nt cost 86,000 86,000 6,QOO 92,000 92,000 10 Trustees r8muneratlon and expenses The trustees were not paid or received any other beneflts or rélmbursed expenses durlng the year.12023.' £nlll. 11 Related party transactlons One trustee is an employee of High Gr&&n Development Trust, the charitVs18ndlord. Thèy have no involvement wlth the lease or rent setting. High Green Development Trust recelved payments during the year amounting to £49,922 for r8nt and room hire. The spouse of the Deputy Manager who Is part of the Senior Marnagemgnt Team, recelved a payment of £60 for computer services provided to the Charity. There were no other related party transaction$. 12 Independent examinatlon and accountancy 8ervlces During the period, the ¢081 of the indep6nd8nt 8xamlnatlon and accountancy serwl¢es was £950 {2023.' £795). P8g8 17