REGISTERED COMPANY NUMBER: 05885935 {England and Wales}
REGISTERED CHARITY NUMBER.. 1142554
ort ofthe Trustees
Unaudited Financial Slatsments
for th Year Ended 31 Ju
2024
First Sle
Pr
hool Ll
Stsnley Joseph Limited
Chartered A¢Gountants
Suite1
Liberty House
South Llbety Lane
Bristol
BS3 2ST

First Sle
Pre-schrx*l Ltd
Contents of the Finanaal Statements
for the Year Ended 31 Jul 2024
Pago
Report of the Truskes
Independent Examinels Report
Stsl6menl of Financial Aetivilies
Statement of Financial Posltk)n
Notes to the Financial Statements
10 to 15
DetaI￿d Statement of Financial Activities
16 10 17

First Ste Preknschool Ltd
ort oflhe Trustees
for the Year Ended 31 Jul 2024
The trustees who are also dire¢tors of the charity for Ihe purposes of the Companles Acl 2006, pr6senl their
report with the financial statements of the charity for the year ended 31 July 2024, Thè tnJste8s have adopted
the provisions of Accounting and Reporting by Charities.. Statement of Recomtnended Practi￿ appliLxble to
charities preparing their accounls in accordance with the Financial Reportlng Standard epplicable in the UK
and Republic of Ire18nd IFRS 1021 (effeciive 1 January 2019}.
OBJECTEVES AND ACTIVITIES
Principle actlvity and objects of the charity
The principal activity and object of the company and charty, in the period under review, was lo dev&lop
knO￿edge, understanding and curioslty of their envlronmenl for childrerj aged 2 years lo 4 yeaTS11 months.
Public bÈnefit
The Trustees have refe￿ed to the gUIdan￿ conlained in the Charity Commlsslon's general guldance on public
benefit wh8n reviewing our aims and objectives and in planning our future acttvitiès. In particular. the TTuslees
conslder how planned 8clivilles will wntribute lo the alms and objeclÈves they have set.
First Step PTe-school has been offering 8arly Childhood edu&qtion and benefitting the community of Thombury
for Ihe18sl thirty years. We welcome all chlldren in the local community from every background.
Our aims are to provKIe'.
al An environment which is fijll tsf cufh)sitywlhin a selbng
b} To adhere lo and follow both the aims 8nd obleclives of otsled and the EYFS
c} We will provide flexible sessions offering 2 year old, 30 hour and NEG funding
d} We wll empLiy qualified staff who have a good knowledge of children's development
e} We will supptrrt chlldren lo be school ready for Irdnsition
Our work means we work closety with the loc81 primary schools. This work is of benefit to our children and to
the schools themselves as well as thè wider communty.
ACHIEVEMENT AND PERFORMANCE
Achievements, performance and financlal r&vl8w ofthe chartty
The Charfty has continued to PTovide pre4chool sessions for thildren from to fwe yeaTS old as outsined
above.
Th& Committe6 Members have conlinued to glve th8ir time to support the running of the pre4chool. T
Directors would like lo thank everyone who gave iheir tiffle and supported the fundraising adivitses and e￿nts
carried out by ihe Charty in the year.
Income totalled £219,18512023: £195,025) and the tDtal expenditure was £217,03612023= £188,075)
resulting in a surplus of £2,14912023: £6,949 } for Ihe year. The finanrAal position al Ihe end of the year was
such that the chaflty had sufficient liquid fvnds to cover its liabilities.
The directors are ¢onfldent that the tharitywill continue to further achleve Its obl8ctiv89 in fulure years.
Page 1

First Ste Pre4chool Ltd
ort of the Truste
for the Year Ended 31 Jul 2024
FINANCIAL REVIEW
Resetves policy
In line with guidance issued by the Charity Commission, Ihè Trustees have reviewed Ihe charrty's need for
reserves.
Rastrlcted Funds
Money received through granis 01 specific fundr8islng are reslricled funds and c8n only legally be used for the
Particular purpose oi project that the donor provided them for. Re51ri¢led funds Mll need lo be atcounled for
separately lo ensure that they arè not accidenlly used for anolheT purtiose. Occasionally, there is a Ilme lag
between the receipt of these funds and the related expendlture, thereby resulting In Pre-school holdirHJ the
funds until payrnenl ts made.
Unre5trlclèd Funds
Funds received from other sources of Income (for example, ￿yMentS foT childcarè places, oi general
fundraisingl, will ggnerally be unrestricted fund5 and may be used as and when Tequired, as costs bacome
due. From the unreslricled funds we have sel aside some money, called designated lunds for specific
purposes outlined in th8 section below. Any iemaining Iijnds are our reserves or working capital, wh￿h are
freely available lo spend on any of the charlly's aclivilie5.
Income levels vary during the year, bul expenditure levels remain relatively conslant throughout. Income 18 81
its lowest during the autumn lem rising during the spring to ils highest level in the summer lèrm, this is due lo
the availability ol grant funding. Th& Truslees consider il prudent thal belweèn 2 ènd 3 months, adminislralion
and support ctssts should be kept in reserve. This level will ensuie we have adequate resources lo cover our
outgoings whilst income 15 al its lowest level during the autumn term and lo provide a surtable level of
wo18clion against delayed or late paymenls. The Twstees will monitor and review this reseNe level with
r8fÈrence lo Income forecasts and changes in funding on an annual basis lo ensure that il conlinue5 lo meel
the needs of First Slep Pre-school Ltd. and that il is balanced with our respon5ibilily to spend our income on
promoting our charitable objectW68.
Designated funds are 8mounts specifically excludÈd from being used lo meet the day-lo-day iunning costs of
the Pre-school. Designated Funds currently held:
1. General fundTaising'. these funds are spent al the di5crèlion of the trustees lo provide additional reSoUr￿S
or pay for speGial ev8nls outside the normal running costs of the preschool.
2. Crossway5 sinking fund.. lo cover costs not borne by South Gloucestershire CounGil in provision of the
leased Crossways building, oi to meet any costs associated with ne901121ing Crossways lease renl reviews.
The establishment of this fund fomis part of thè leaBg agreement and is bul][ up by regular transfers from
working c8pitsl until a ¢ap is reached as detèrmined by the lease agreement.
3. Designated funds ID include Redundary, Larger Maintenan￿, 3 r￿nth running c051s and New building
Th8 Trusl8es will review this reserve level on an annual basis lo ensure that il continues to meet the needs of
First Slep Pre-school Ltd and rnonilor spending al First Slep Pre-school corrtrnitt&& meetings.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its goveming documenL a deed of Irusl, and constitutes a IiTniled company, limited
by guarantee, as dèfffted by the Companie5 Act 2006.
Page 2

First Stè Pre4Ch￿l Ltd
the Trustees
for the Year Ended 31 Jul 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
05885935 [Eng￿rtd and Wales)
Reglstered Charlty numbèr
1142554
Reglstered office
Knapp Road
Thombury
Bristol
S SLOS
BS35 2HQ
Trustsfrs
Ms J Spence Chair
Mr E Goodeve-Do¢kei
Ms S Curtis (resigned 22.11.231
Mr A Cooper (resigned 10.7.24)
Ms S Tumer
Ms F Heller Ireslgned 27.9.23)
Ms S Graham-Aldridge
Mrs E Heining Iresigned 27.9.231
Ms J Tolan lappoinled 22.11.23)
Ms H Antoniades lappoinled 22.11.23)
Ms J Thomas (appointed 22.11.23)
Independent ExamSThèr
stanley Joseph Limited
Chartered A¢countants
Suit81
Libety House
South Libety Lane
Bristol
BS3 2ST
MANAGEMENT AND GOVERNANCE
Trustees for the Charity, also Directors of the company, are elected each year at Ihè Annual General Meeling
arKI a￿ known as Ihe committee.. Candidatès are proposed and s8conded by the AGM attendees., election
is by a show of hands or a writtèn votè.
The committee meets about 6 Ilmes per year.
Appffjved by order of fh& board of Iruslees ................-...
- and signed on its behaw by..
Page 3

First Sle
Pre-school Ltd
Re
ort of the Tfuslees
for the Year Ended 31 Jul 2024
Mr E Goodav&Qocker- Trustee
Page 4

Inde
endent Ex8mineVs Re
First ste
Pre-school Ltd
ortto th Truslees of
Independènt oxamlnerfs roport to the trusteÈs of First Stsp Pr￿choOl Ltd Ilhe Company'l
I report lo the charity Irustees on my exeminalion of the accounts of the Company for the year ended
31 July 2024.
RÈsponslbllltiè$ and basis of report
As Ihe charitys knstees of the Company land also its direGtors for the purposes of company18w) you are
responsibb for the preparation of the accounts in accordance wlth the requiremenls of the Companies Act
2006 {'thg 2L106 Ad'l.
Havlng satisfied mys81f that th8 accounts of the Company are not requiTed lo be audiled under Part 16 of the
2006 Act and 8re ellgible for independent examlnation. I report in respect of my examlnation of your charilvs
account5 as carried out under Section 145 of the Charities Act 20111'lhè 2011 Act). In ¢arrying out rny
examination I have followed the Diredons givgn by the Charity Commission under SeGIK)n 14515) Ibl of the
2011 Act.
Page 5

Inde
endenl Examinerfs Re
First Ste
P￿s¢hOOl Ltd
rt to the Trustees ol
Independenl examinerfs statement
I have completed my examination. I confimi that no matters have come lo my allenlion in connection wrfh the
examination giving me cause lo believe-
accounting ￿cordS were not kepl in respect of the Company as required by Section 386 of the 2006
Act., or
the accounts do not 8C(x)rd wiu) those rècords., or
the aceA)unls do nol comply with the accounting requlrements of Seclion 396 of the 2006 Act othèr than
any requirement that the accounts give a true and fair vSew which is not a matter considered as part of
an Independènt examination., or
thè accounts have not been PTepared in accordance with thè methods and principles ol the Slalemenl
of Recomtllended Practice for accounting and reporting by charities (applicable to charities preparing
thélr accounts in accordance with the Financi85 R8POrting Standard applicable in the UK and Republic
of Ireland IFRS 1021}.
I have no concems and havg come aGIos5 no oth8r matters in tonneclion with the examiftalion lo which
attenlion should be drawn in this report in order lo enabl8 a PToper understanding of the accounts lo be
reached.
Philip Helps
Stanley Joseph Limited
Charteffjd Accountants
Sulle 1
Liberty House
Soufh Liberty Lane
Bristol
BS3 2ST
Dale..
Page 6

tste
Pre4chool Ltd
ststemenl of Financial Adlvtbes
for the Year End&d 31 Jul 2024
31.7,24
Total
funds
31.7.23
Total
funds
Unrestricted Reslrieled
funds
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable aclivitiès
215,504
215,504
193,904
Donations and lega¢io5
Investment income
2,810
871
2,810
871
770
350
TDtsI
219185
195024
EXPEND￿uRE ON
Charilablo activltles
Charitable aetivities
217.036
217,036
188,075
NET INCOME
2,149
2,149
6,949
RECONCILIATION OF FUNDS
Total funds brought fowdrd
119,936
119,936
112,987
TOTAL FUNDS CARRIED FORWARD
122,085
122,085
119,936
The notes form part of these financrdl slalemenls
Page 7

First Sle
Pre-school Ltd
Statement of Flnancial Position
31 Jul 2024
31.7.24
Total
funds
31.7.23
Total
funds
Unrestricted Restricted
funds
fvnd
Notss
CURRENT ASSETS
Debtors
Cash al bank and In hand
5,563
128.177
5,563
128 177
124,832
133,740
133,740
124,832
CREDITORS
Amounls falling due W￿J)In one year
111,6551
111,6551
14,8961
NET CURRENT ASSETS
122085
122,085
119,936
TOTAL ASSETS LESS CURRENT
LIABILITIES
122,085
122.085
119,936
NET ASSETS
122.085
122,085
119,936
FUNDS
Unrestricted fund5
119936
TOTAL FUNDS
122,085
119,936
The charitable company is enlil]ed tr) exemption from audit under Section 477 of the Companies Act 2￿6 for
the year ended 31 July 2024.
The members have not required the company lo obtain an audit ol its financial statements lor the year ended
31 July 2024 in accordance with Sèction 476 of the Companies Act 2006.
The Irustees acknowledgè tlieir responslbililies for
lal ensuring that the charilable company keeps accounting records that comply with Sedions 386 and 387
of the Companies Act 2006 an
Ibl preparing financial statements which give a Irue anL% fair wew of th8 State of affairs of the charitab19
company as at the end of each financial year and of its surplus or deficil for each financlal year in
acctsrdance with the requirements ol Sections 394 and 395 and which otherwise comply wrth the
requifftmenls of the Companies Act 2006 relating lo financial slalements, so far as applicable lo the
charitable company.
The notes fom part ofthese financial slalern8nls
Page 8
conllnued.,.

First Sl P
hooi Ltd
Stslement of Financial Posilkjn - conllnued
31 Jul 2024
These financlal statements have been prèpared In accordance wth the provlsions applicable to charitable
companies suble¢t lo Ihe smam companies reglmè.
The fi
ststements were approved by the Board of Trustees and authortsed for Issue on
. and were signed on its beh8W by..
Mr E Goodev8-Docker- Twslee
The notes fomi part of these financial statements
Page 9

First Sle
Pre-school Ltd
Notes lo th Financial Statements
for the Year Ended 31 Jul 2024
ACCOUNTING POLICIES
Basls of preparlng the financial statements
The financial slaiemenls of the charitable company, which is a public benefit entity under FRS 102.
have been prepared in accordance wilh the Charities SORP {FRS 1021 'AccokJnling and R&porting by
Charities.. Slalem8nl of Recommended practi￿ applicable lo charities preparing Iheir accounls in
accordance with the Finanaal Reporting StandaTd applicable in the UK and Republic of Iieland IFRS
1021 (effective 1 January 20191,, Financial Reporting Standard 102 'Th6 Financial RepDrting Standard
applicable in Ihe UK and Republic of Ireland, and the Companies Act 2006, The finaniual statements
have begn prepared under the historical cost convention.
Income
All in¢ome is recognised in the SlatÈmenl of Financial Activilies once the charity has enlitlemenl lo Ihe
funds, il is probable that the income will be received and the amount can be measured reliably,
Expèndlture
Liabilities are reojgnised as expenditure as soon as there is 8 legal or constructive obligation
committing the charity lo that èxpendilure, it is probable Ihal a Iransler ol economic benefits will be
required in selllement and (he amounl of the obligation can be measured reliably. Expenditure 15
accounted for on an acGYuals basis and has been classified under headings that aggregate all cost
related lo the category. Where costs cannot be direcuy atlribuled to parb'cular headings they have been
allocated to activities Dn a basis ￿nSiSte￿I with Ihe use of ￿sources.
Taxatlon
The charity is exempt from corporation lax on ils charitable activities.
Fund accountlng
UnreslriGl8d funds can be used in accordance with the Gharilable obiecllves al the discretK)n of the
trustees.
Reslricled funds can only be used for particular reslricled purposes wilhin the objects of the charity.
Reslriclions arise when speCi￿d by the donor Of when funds are raised for particular reslricled
purposes.
Further 8xplanation of the nature and purpose ol each fund is included in the Trusleos Report.
Pension costs and other post-retiremènt benefits
The charitable company operates a defined co)nlribution pension scheme. Contr1￿j110ns payable lo the
charitable companvs pensk)n scheme a￿ charged to the Stslement of Financial A¢llvilies in the period
tr) which they relate,
Impairment of assèts
At each reportin9 dale fixed assels ar8 reviewed lo delerrnine whether there is any
indication Ihat Ih05e assels have suffered an Impairment105s. If there Is an indicali
of posslble Impairment, thè recoverable amount of any affecled 855el is estimated and
compared with its carrying arnounl. If èslimaled recoverable amount is lower, the
caTrying amount is reduced to its estimated recoverable amount, and an impairmenl loss
Pagp 10
tontinued...

irst Ste Pre
hool L
Notes to the Financtal Slatsments- a)ntinue(I
for thè Year Ended 31 Jul 2024
ACCOUNTING POLICIES. contlnued
Impaimient of assets
is recognised immediately in profit or loss.
If an impairment loss subsequenuy reverses, the carry amount of the asset is Increased
to the revised estimate of its recoverable amount, but not in excess of the amount that
would have been determined had no impairment loss been recognlsed for the asset in
prtor years. A reversal of an impairment loss Is recognised immedialety in profit or loss.
DONATIONS AND LEGACIES
31.7.24
31.7,23
Fundraising events
2,810
770
INVESTMENT INCOME
31.7.24
31.7.23
Deposll account Interest
871
350
TRUSTEES, REMUNEPATIOM AND BENEFITS
There were no truslees, remuneration or olher benefits for the yeaT ended 31 July 2024 norfor the year
ended 31 Juty 2023.
Trustees, èxpenses
There We￿ no trustees. èxpenses paid for the year ended 31 July 2024 nor for the year end&d
31 Juty 2023.
STAFF COSTS
The average monlhty number of employees during the curpnt was 11 {prioryear121.
Thè average monthty number of employees during the year was as follows..
31.7.24
11
31.7.23
12
Teaching and administrat(on
No employees ieceived emoluments in excess of £60,000.
Page 11
continued...

First Ste Pre-school Ltd
Notes
the Financial Slalemenls- continued
for the Year Ended 31 Jul 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled Restricted
funds
fund
Totsl
lurids
INCOME AND ENDOWMENTS FROM
Chgrilable activities
193,904
193,904
Donations and legacies
Investment income
770
350
770
350
Totsl
195024
195,024
EXPENDITURE ON
Charitsble activltles
Charitable aclivitles
188 075
188 075
NET INCOME
6,949
6,949
RECONCILIATION OF FUNDS
Tot81 funds brought forward
112,987
112,987
TOTAL FUNDS CARRIED FORWARD
119,938
119.936
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24
31.7.23
Other debtors
5,563
Page12
continued...

Fitst Ste Pr
hool Ltd
Notes to the Financlal Slatemenls- conlinued
for the Year Ended 31 Jul 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24
31.7.23
Trdde credito
Accrued expenses
MOVEMENT IN FUNDS
Net
movement
in funds
Transfgrs
beiween
fund5
At
31.7,24
At1.8.23
Uhrestricted funds
Gen8ral fvnd
Designated funds
61.315
{1.193)
(4,500)
55,622
66,463
119936
122,085
TOTAL FUNDS
119,936
122,085
Net movement in fvnds, included in the above are as ftsllowE'.
Incomlng
resources
Resources Mov8m&nt
expended
in funds
Unrestrlcled funds
General fund
Designated funds
215,592
1216,785)
251
{1,193}
219,185
217,036
TOTAL FUNDS
219,185
217,￿38
2,149
Page 13
continued...

First Sle
Pre4chool Ltd
Notes lo Ihe Finan¢lal Statements - conllnued
for the Year Ended 31 Jul 2024
MOVEMENT IN FUNDS- eontTnued
Comparatives for movement In funds
N&t
movement
in fLtnds
Transfers
b￿￿een
lunds
At
31.7.23
Al1.8.22
Unrestrlcted funds
Gen&ral fund
Designated funds
43,388
69,599
11,029
4,080)
6,898
6,898
61,315
58,621
112987
6,949
119936
TOTAL FUNDS
112,987
6,949
119,936
Comparalwe net movement in funds, included in the above are as follow&
Incoming
reStsur￿S
Resources
expended
Movement
in funds
Unrestrictsd fund8
General fund
De5ignaled funds
193,904
1,120
1182,875}
11,029
195,024
188,075
6,949
TOTAL FUNDS
195,024
188,075
6,949
A ¢uirenl y88r12 months and prior year12 months cornbined position is as follows:
Nel
Transfers
movement
bèiween
in funds
funds
Al
31.7.24
Al1.8.22
Unrestrlcted funds
General fvnd
Designated funds
43,388
69,599
9,836
2,398
55,622
66,463
112987
9.098
122,085
TOTAL FUNDS
112,987
9,098
122,085
Page 14
conts'nued...

First S
Pte-scho l Ltd
Notes to the Financial Stat&ments- continued
for the Year Ended 31 Jul 2024
MOVEMENT IN FUNDS- eonllnued
A current year 12 months and prior year 12 months Combined net movement in fvnds, includèd in the
above are as follows..
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
General fund
Designated funds
409,496
4,713
(399,660)
5.451
9,836
738
414,209
405111
9,098
TOTAL FUNDS
414 209
405,1111
9.098
10. RELATED PARTY DISCLOSURES
There were related party transactions for Ihe year ended 31 Juty 2024 or for the year ended 31 July
2023.
Page15

First Sle
Pr&school Ltd
Detailed Statement of FinanThal Actiwties
for the Year Ended 31 Jul 2024
31.7.24
31.7.23
INCOME AND ENDOWMENTS
Charitable actlvlties
Fees
Grant fvndir
Milk refund
Other Income
25,029
190,D40
385
50
24,054
169,471
379
215,504
193,904
Donation5 and legacie5
Fundiaising events
2,810
770
Inveslment Income
Deposit account interest
871
350
Totsl incomlng rèsources
219,185
195,024
EXPENDITURE
Charitable activillès
Wages
Social security
Pensions
Insuranc
Light and heat
Telephone
Slalionery & computer costs
Sundries
Milk
Equipment and maleiiaLq
Outings and Èvents
Repairs and renewals
Uniforms
Accounlancy
DBS checks
Training
Carried forward
176,421
6,162
2,887
1,281
4,230
750
3,145
1,519
385
5,623
980
4,309
197
924
288
2,235
211,336
145,326
4,762
2,638
3,283
4,090
1,391
1,605
1.867
379
4.357
180
11,727
429
852
94
1,121
184,101
Thi5 pag8 does nol form p8rt of the slalutr)ry financial slalemenls
Page16

First Ste Pre-sch l Ltd
Detailed Statement of Finan
l Activities
for the Year Ended 31 Jul 2024
31.7.24
31.7.23
Charltablp acflvltte$
Brought forward
Fundraising costs
Rent and CTK lease
Crossways rent
Subscripllons
Commlllee expenses
Rates
Legal & prrifessional fees
EYPP Funding expenditure
211,336
71
184,101
20
350
2,500
272
95
737
2,500
109
673
1,052
1,295
217,036
188075
Total resources expended
188.075
Net income
Thi5 page does not form part of the stslulory financial statements
Page17