REGISTERED COMPANY NUMBER: 05885935 (England and Wales)
REGISTERED CHARITY NUMBER: 1142554
Re
ort of the Trustees and
Unaudilell Financial Slalements
for Ihe Year Ended 31 Jul 2025
First Ste
Pre-school Ltd
Stanley Joseph Limited
Charteied Accounlanls
SiJite1
Libety House
South Liberty Lane
Bristol
BS3 2ST

First Sle
Pre-school Ltd
Contents of the FinancAal
lalements
for the Year Ended 31 Jul 2025
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activilres
statement of Financial Posits'on
Notes lo the Financial Ststements
9 to 14
Detailed Statement of Financia5 Activities
15 10 16

First Ste
PT&school Ltd
ort of the Trustees
for the Year Ended 31 Jul 2025
The Iruslees who are also directo￿ of the Charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the tharity for the year ended 31 July 2025. The Iruslees h2vo adopted
the provisions of Accounting and Reporting by Charities: Slatemenl of Recommended Practice aprAicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic DI Ireland IFRS 1021 leffe¢ttve1 January 2019).
OBJECTIVES AND ACTIVITIES
Prin¢lple activity and objects of the charity
The principal activity and object of the company and charity, in the period under review, was lo dèvelop
krthvledge, understanding and curiosity of their environment for children aged 2 years to 4 years 11 months.
Publlc beneflt
The Twslees have referred lo the guidance conlained in the Chartty Commission's general guidance on public
benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees
consider how pLqnned actwilies will contribute lo the aims and objectives Ihey have set.
First Slep Pre-school has been offering early childhood education and benefitting the community of Thombury
for the last Ihity years. We welcome all chiléren in the local community from every ba(&ground.
Our aims are lo provlde..
al An envirDnmenl which is full of curiosity within a secure setting
bl To adhere lo and follow both the aims and objectives of Otsted and the EYFS
cl We will provide flexible sessions offering 2 year old, 30 hour and NEG funding
dl We will employ qualified staff who have a good knowledge of children's developmenl
e) We will support children lo be school ready for transition
Our work means we work closely with the local primary schools. This work is of benefit to our children and lo
the schools themselves as well as the wider community.
ACHIEVEMENTS AND PERFORMANCE
Achlevements, performance and flnancial review of the charity
The Charity has continued lo provide pre4chool sessions for children from kn lo five years old as outlined
alN)ve.
The Committee Members have conlinued to give their lime to support Ihe running of th8 pre-schod. The
Directors would like lo thank everyone who gave Ihelr time and SUPPDrted the fundraising activities and events
carri8d out by the Charity in the year.
Income lotalled £229,308 12024.. £219,185) and the lolal expenditure was £225,304 12024: £217,036}
resulting in a surplus of £4,004 {2024: £2,149) for the year. The financk11 position al the end of the year was
such that the charity had sufficient liquid funds to cover its liabilities.
The directors are confident that the charity will continue to further achieve ils objectives in fvlure years.
Page1

First Sle
Pre-school Ltd
Re
ort of the Trustees
for the Year Ended 31 Jul 2025
FINANCIAL REVIEW
Reserves policy
In line with gU￿ance issued by the Charity Commission, the Trustees have ￿vieWed the charity's need for
reserves.
Restricted Funds
Money received through grants or speclfic lundraising are reslricled funds and can only legally be used for the
particular purpose or project Ihal the donor provided them for. Restricted funds will need to be accounled for
separately to ensure that they are not accidenlly used for another purpose. Occasionally, there is a time lag
between the receipt of Ihe5e funds and the related expenditure, thereby resulting in Pre-school holding the
funds until payment is made.
Unrestrlcted Funds
Funds received from other sources of income (for example, payments for childcare places, or general
fvndraisingl, will generally be unreslricled funds and may be used as and when required, as costs become
due. From the unrestricted funds we have set aside some money, called designated funds for specific
purposes outlined in the section below. Any remaining funds are our reserves or working capital, which are
freely available to spend on any of the charills aclivilies.
Income levels vary during the year, bul expenditure levels remain relatively constant throughout. Income is al
its lowest during the autumn tem) rising during the spring to its highest level in the summer term, thi5 is due lo
Ihe availability of grant funding. The Trustees consider it prudent that be￿een 2 and 3 months, adminislralion
and support costs should be kept in reserve. This level will ensu￿ we have adequate resources lo cover our
oulgoings whilst income is al its lowest level during the autumn term and to provide a suitable level of
protection against delayed or late payments. The Trustees will monitor and review this reserve level with
reference to income forecasts and changes in funding on an annual basis lo ensure that il continues lo rneel
the needs of First Step Pre.school Ltd. and Ihal it is balanced with Ouf restx)nsibility lo spend our income on
promoting our chaiilable objectives.
Designated fvnds are amounts specifically excluded from beirKJ used to meet the day-to-day running costs of
the Pre-school. Designated Funds currently held..
l. General fundraising.. these fundg are spent al the discretion of the trustees lo provide additional resources
or pay for speaal events outside the normal running costs of the preschool.
2. Crossways sinking fund.. lo cover costs not born8 by South Gloucestershire Council in provision of the
leased Crossways building, or to meet any c051s associated with negolialing Crossways lease rent Teviews.
The eslablishmenl of this fund f(vms part of the lease agre9menl and is built up by regular transfers from
working capitsl until a cap is reached as determined by the lease agreement.
3. Designated funds lo include Redundancy, Larger Maintenance, 3 month running costs and New building
The TNstees will review this reserve level on an annual basis to ensure thal it continues to meel the needs of
First step p￿-School Ltd and monilor spending al FiTsI Step Pre-school committee meetings.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charlty is controlled by ils governing document, a deed of trust, and consliiutes a limited company, limited
by guarante8, as defined by th8 Companies Act 2006.
Page 2

First Sle
Pre-school Ltd
Rè ort of the Trustees
for the Year Ended 31 Jul 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company numbèr
05885935 IEngland and Wales)
Registergd Charity number
1142554
Registered officè
Knapp Road
Thornbury
Bristol
S GLOS
BS35 2HQ
Trusteès
Ms J Sppnce Chair
Mr E Good6ve-Docker
Ms S Tuwner
Ms S Grah8m-Aldridge
Ms J Tolan
Ms H Antoniades
Ms J Thomas
Ms H Mclnnes18ppointed 29.1.251
Independent Examiner
Stanley Joseph Limited
Chartered Accountants
Suite1
LlberEy House
South Libety Lane
Bristol
BS3 2ST
MANAGEMENT AND GOVERNANCE
Trustees for the Charity, also Directors of the ￿Mpany, are elected each year at the Annval General MeeliThJ
and are knciwn as Ihe CDmmittee', Candidates are p￿pOSed and seconded by the AGM attendees., e￿ctIon
is by a show of hands or a written vote.
Th8 committee meets about 6 tim8s per year.
Approved by order ol the board of trustees on .....
and s¢gned ori its behalf by:
Mr E Goodeve-Docker- Tnjstee
Page 3

Inde
endenl Examinevs Re
First Ste
Pre-￿h0o1 Ltd
ort to Ihe Tru51ees of
Independenl examlnerfs report to the trustees of Flrsl Step Pre.school Ltd I'the Company'l
I report lo the charity trustees on my examinalion of the accounts of the Company for the year ended
31 July 2025.
Responsibilittes and bas1$ of report
As the chaiily's Iruslees of the Company land also its directors for the purposes of company lawl you ar8
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'lhe 2006 Acl'l.
Having satisfied myself that the accounts of the Company are not required lo be audited under Parl 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Adl. In carrying out my
examination I have follow￿ the Directions given by the Charity Commission under Section 145151 Ibl of the
2011 Act.
Page 4

Inde
endenl Examineffs Re
First Sle
P￿-school Ltd
ort lo the Tru51ees of
Independent examiner's $tatement
I have completed my examination. I confimi that no matters have come lo my attention in connection with the
examlnalion giving me cause ID believe..
accounting records were not kept in respect of the Company as required by Section 386 of th8 2006
Act., or
the accounts do not accord with those records; or
the accounts do not comply Mih the accounting requirements of Section 396 of the 2006 Act olher than
any requirement Ihal Ihe accounts give a true and fair view which is ￿t a matter considered as part of
an independent examination: OT
the accounts have not been prepared in accordan￿ with the methods and principles of the Statement
of R&commended Practi￿ for accounting and reporting by charities lapplicable lo charities preparing
their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 10211.
I have no concerns and have come across no other matt8rs in connection with the examination lo which
altenlion should be drawn in this report in order lo enable a proper understandin9 of the accounts to be
reached.
Philip Helps
Stanley Joseph Limited
Chartered Accounlanls
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST
Dale..
Page 5

First Ste
Pre-school Ltd
Statement of Financial Activities
for the Year Ended 31 Jul 2025
31.7.25
Total
funds
31.7.24
Totsl
funds
Unrestricted Restficted
fvnds
fund
Notes
INCOME AND ENDOWMENTS FROkl
Charitable activities
226,464
226,464
215,504
Donations and legacies
Invaslment income
1,872
972
1,872
972
2,810
871
Totsl
229,308
229,308
219,185
EXPENDITURE ON
Charltab18 activitiès
Charitable activities
225,304
225 304
217,036
NET INCOME
4,004
4,004
2,149
RECONCILIATION OF FUNDS
Total funds brought forward
122,085
122,085
119,936
TOTAL FUNDS CARRIED FORWARD
126,089
126,089
122,085
The notes form part of these financial slalemenls
Page 6

Flrsl Sle
Pre-school Ltd
Slalemenl of Financial Posilh)n
31 Jul 2025
31.7.25
Total
funds
31.7.24
Totsl
funds
Unreslrrcted Restricted
funds
fund
Notes
CURRENT ASSETS
Debtors
Cash at bank and In hand
10,234
130,554
10,234
130,554
5,563
128,177
140,788
140,788
133,740
CREDITORS
Amounts falling due within one year
114.699}
114,6991
111,6551
NET CURRENT ASSETS
126,089
126,089
122,085
TOTAL ASSETS LESS CURRENT
LIABILITIES
126,089
126,089
122,085
NET ASSETS
126,089
126,089
122,085
FUNDS
Unreslricled funds
126,089
122,085
TOTAL FUNDS
126,089
122,085
The charitable company is enlilled to exemplion from audit under Section 477 of the Companies Act 2006 for
the year ended 31 July 2025.
The members have not requir8d the company lo obtain an audit of ils financial statements for the year ended
31 July 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
lal ensuring that the charitable company keeps accounting records that comply with Seclions 386 and 387
of the Companies Act 2006 and
Ibl preparing financial slalements which give a true and fair view of the slate of affairs of the charitable
company as al the end of each finanaal year and of its surplus or deficit for each financial year in
accordance with the requ1￿mentS of Sections 394 and 395 and which olheMise comply with the
requirements of th8 Compani8s Act 2006 relating to financial slalements, so far as applicable lo the
charitable cornpany.
The notes form part of these financial slalements
Page 7
continued...

Pr&s
Statement of Financial Position - continued
31 Jul 2025
These financial ststements have been prepared In a¢GoIdan￿ wth the provisions appticable lo charitable
companies subject to the small companies regime.
The financial I te
nts were approved by the Board of Twstees and authortsed for issue on
and were signed on its behaLI by.
Mr E G(uleve-Dock&r- Truste8
The nolgs form part of th8sè financial statements
Page 8

First Ste
Pre-school Ltd
Notes to the Financial Statements
f r the Year Ended 31 Jul 2025
ACCOUNTIMG POLICIES
Basis of preparlng the flnancial statsments
The financial slalements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP IFRS 102} 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Repo￿.ng Stsndard applicable in the UK and Republic of Ireland IFRS
1021 leffeclive 1 January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Acl 2006. The financial statements
have been prepared und8r the historical cost convenuon.
Income
All income is recognised in the Statement of Financial Activities once the charity has enlillemenl lo the
funds, il is probable that the income will be received and the amounl can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructiv8 obligallon
commilling the charity lo that expenditure, it is probable that a transfer of economic benèfits wll 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
relaled lo the category. Where costs cannot be directly attributed lo particular headings they have been
allocated lo acknvities on a basis consistent with the use of resources.
Taxation
The charity is exempl from corporation lax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Reslricled funds can only be used for particular reslricled purposes within Ihe objecls of tt)e charity.
Restrictions arise when specified by the donor or when funds are raised for particular resliicted
purposes.
Further explanation ofthe nature and purpose of each lund is included in the Trustee's Report.
Pension costs and other post.retlrement benefits
The charitable company operates a defined conliibulion pension schem&. ConlribuliDns payable lo the
charitable company's pension scheme are chaiged k) the Statement of Finanaal Activities in the period
lo which they relate.
Impairrnent of assets
At eath reporting dale fixed assets are reviewed lo determine whether there is any
indication that those assets have suffered an impairment loss. If there is an indication
of possible impaimienl, the recoverable amount of any affecled asset is estimated and
compared with its carying amount. If eslimaled recoverable amount is lower, the
carrying amount is reduced lo its estimaled recoverable amount, and an impairment loss
Page 9
continued...

First Ste
Pre4chool Ltd
Notes lo the Financial Slalemenls- continued
for the Year Ended 31 Jul 2025
ACCOUNTING POLICIES. ¢ontinued
Impalmient of assets
is recognised immediately in profil or loss.
If an impairm&nl loss subsequently reverses, the carry amount of the asset is increased
lo the revised estimate of ils recoverable amount, bul not in eX￿sS of the amount that
would have been determined had no impairment loss been recognised for the asset in
prior years. A reversal of an impaimienl loss is recognised immediately in profil or loss.
DONATIONS AND LEGACIES
31.7.25
31.7.24
Fundraising events
1,872
2,810
INVESTMENT INCOME
31.7.25
31.7.24
Deposit account interest
972
871
TRUSTEES. REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefits for the year ended 31 July 2025 nor for the year
ended 31 July 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 July 2025 nor for the year ended
31 July 2024.
STAFF COSTS
The average monthly numter of employees during the current was 11 (prior year 11 I.
The average monthly number of employees during Ihe year was as follows..
31.7.25
11
31.7.24
11
Teaching and administration
No employees received emoluments in excess of £60,000.
Page10
continued.-.

First Ste
Pre-school Lld
Notes lo the Financial Statements- continued
for the Year Ended 31 Jul 2025
COMPARAnVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unfeslricted ReslTiCted
funds
lund
Total
funds
NCOME AND ENDOWMENTS FROM
Charitable acts'vits'es
215,504
215,504
Donations and Segacies
Investment income
2,810
871
2,810
871
Total
219,185
219,185
EXPENDITURE ON
Charitable activities
Charitable activities
217,036
217,036
NET INCOME
2,149
2,149
RECONCILIATION OF FUNDS
Total funds brought forward
119,936
119,936
TOTAL FUNDS CARRIED FORWARD
122,085
122,085
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.25
31.7.24
Other debtOTS
10,234
5,563
Page11
continued...

Flrsl Sle
Pre-school Ltd
Notes lo Ihe Financi
I Statements- continued
for the Year Ended 31 Jul 2025
CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR
31.7.25
31.7.24
Accrued expenses
11,655
MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
be￿een
funds
Al
31.7.25
At1.8.24
Unre$tri¢ted funds
General fund
Designated funds
55,622
66,463
2,929
1,075
{4,50DI
4,500
54,051
72,038
122,085
126,089
TOTAL FUNDS
122,085
4,004
128,089
Net movement in funds, included in Ihe atx)ve are as follows:
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
General fund
Designated funds
225,714
3,594
1222,7851
2,929
1,075
229,308
225,304
4,004
TOTAL FUNDS
229,308
4,004
Page 12
continued..

First Ste
Pre-school Ltd
Notes to the Financial Statements- continued
for the Year Ended 37 Jul 2025
MOVEMENT IN FUNDS . contlnued
Comparatives for movement in funds
Nel
movement
in funds
Transfers
beiween
funds
Al
31.7.24
Al1.8.23
Unrestricted funds
General fund
Designa16d funds
61,315
58,621
11,1931
3,342
14,5001
4,500
55,622
66,463
119,936
2,149
122,085
TOTAL FUNDS
119,936
122,085
Comparative nel movement in funds, included in the above are as follows..
Incorning
resources
Resources Movement
expended
in funds
Unrestricted fund$
General fLJnd
Designated funds
215,592
3,593
(216,7851
2511
11,1931
3,342
219 185
217,036
2,149
TOTAL FUNDS
219,185
217,0361
2,149
A Current year12 months and prior year12 months combined position is as follows..
Nel
movement
in funds
Transfers
belween
funds
Al
31.7.25
At1.8.23
Unrestricted funds
General fund
Designated funds
61,315
58,621
1,736
4.417
(9,0001
9,000
54,051
72,038
119,936
6,153
126,089
TOTAL FUNDS
119,936
6,153
126,089
Page13
continued...

First Ste
Pr&school Ltd
Notes lo the Financial Slalemenls- continued
for the Year Ended 31 Jul 2025
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, induded in the
above are as follows..
Incoming
resources
Resources
exp8nded
Movement
in funds
Unrestricted funds
Geneial fund
Designated funds
441,306
7,187
1439,5701
1,736
4,417
448,493
442,340
6,153
TOTAL FUNDS
442,3401
6,153
10. RELATED PARTY DISCLOSURES
There were no relatèd paty transactions for the year ended 31 July 2025 or for the year ended 31 Juty
2024.
Page 14

First Sle
Pre-school Ltd
Detailed Slalement of Financial Activities
for the Year Ended
1 Jul 2025
31.7.25
31.7.24
INCOME AND ENDOWMENTS
Charitsble actlvltles
Fees
Grant fundi
Milk refund
Other Income
34,231
191,022
461
750
25,029
190,040
385
50
226,464
215,504
Donations and legacies
Fundraising events
1,872
2,810
Investment Income
Deposit account interest
972
871
Total incoming resources
229,308
219,185
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Insijrance
Loht and heat
Telephone
Slalionery & computer costs
Advertising
Sundiies
Milk
Equipment and materials
Outings and events
Repairs and renewals
Uniforms
Accountancy
DBS checks
Carried forward
181,274
7,578
3,240
4,181
4,280
736
2,660
204
1,964
461
4,117
1,004
2,427
328
924
60
215,438
176,421
6,162
2,887
1,281
4,230
750
3,145
1,519
385
5,623
980
4,309
197
924
288
209,101
This page does not form part of the statutory financial statements
Page15

First Sle
Pre-school Ltd
Detailed Slalemenl of Financial Activilles
for the Year Ended 31 Jul 2025
31.7.25
31.7.24
Charitablo activities
Brought fO￿ard
Training
Fundraising costs
Crossways rent
Committee expenses
Rates
Legal & professional fees
EYPP Funding expendiluie
215,438
868
1,013
2,500
55
595
2,894
1,941
209,101
2,235
71
2,500
109
673
1,052
1,295
225,304
217,036
Total resources expended
225,304
217,036
Net income
4,004
2,149
This page does not form part of the ststulory financial statements
Page16