**REGISTERED CHARITY NUMBER: 292446**
## Report of the Trustees and
## Unaudited Financial Statements for the Year Ended 31 August 2021
for
## First Stop Preschool
Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
First Stop Preschool
## Contents of the Financial Statements for the Year Ended 31 August 2021
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|4|
|Independent Examiner's Report||5||
|Statement of Financial Activities||6||
|Balance Sheet||7||
|Notes to the Financial Statements|8|to|12|
|Detailed Statement of Financial Activities|13|to|14|
First Stop Preschool
## Report of the Trustees for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objective of the charity is to advance the education of children below compulsory school age in and around the district of Trimley St Mary.
This year, in order to meet its objective, the preschool has provided 62 children with between two and five half-day sessions each per week within a safe, secure and stimulating environment. Careful planning of staffing levels has ensured that each individual child benefited from the support they required in order to develop their potential at their own pace.
Sessions have been carefully planned so that children attending preschool will, by the time they reach school age, have had the opportunity to achieve the desirable learning outcomes set out by the Early Years Foundation Stage (EYFS 2017) and can progress with confidence. In spite of the Covid-19 lockdown beginning on 23 March, First Stop remained open for Key Worker children whilst there was a demand and during this period of disruption and uncertainty provided a safe and nurturing environment for children, whilst still providing appropriate play activities and a high level of adult input the following seven areas of learning, as set by the EYFS:
Prime Areas: Personal, Social and Emotional Development Physical development Communication and Language
Specific Areas: Literacy Mathematics Understanding the World Expressive Arts and design
Page 1
First Stop Preschool
Report of the Trustees for the Year Ended 31 August 2021
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
September 2020
A Covid risk assessment was carried out and it was decided to continue to have parents drop off and collect children at the school gates and for everybody over 12 to wear a mask whilst on the school grounds.
## October 2020
Rob Sambrook Photography came in for the day to take individual and family photographs with booked time slots. The preschool earned more than £200 in commission from the orders the parents made.
## November 2020
The staff dressed up in red and sold lollies for the Poppy Appeal and raised £40 which was donated to the Poppy Appeal;
We also dressed up for Children in Need and made cakes . We raised £50 which we donated to Children in Need.
## December 2020
Two Christmas parties were held at the Preschool - one in the morning for the morning session children and an afternoon party for the afternoon session children. The children decorated biscuits, played games and received a gift from Father Christmas.
## March 2021
The AGM was held online. The children dressed up for World Book Day.
The staff dressed up for Comic Relief and raised £70 which was donated to Comic Relief.
## April 2021
For St Georges Day the children made pizza flags.
## May 2021
The Preschool took part in Pyjamarama coming into the preschool in our PJ's. We had a book raffle which raised £80, £40 of which was donated to the Book Trust. The remaining £40 was used to buy an outdoor book rack for the Preschool.
## June 2021
We had live caterpillars from Insect Lore and watched them transform into butterflies before releasing them in the garden.
July 2021 We held a leavers party for the children going to school at Trimley St Martin Memorial Hall with a magician. Throughout the year we used our closed Facebook group to give parents/carers information, activity and game ideas for the home.
## **ACHIEVEMENT AND PERFORMANCE**
The Preschool continues to invest in staff training, particularly Food hygiene, First aid and Safeguarding and continues to abide by the set policies covering Admissions, Behaviour Management Safeguarding, Complaints, Confidentiality, Equal opportunities, Health & Hygiene , Parental Involvement, Safety, Special Needs, Staffing, Employment and Student Placements.
In spite the challenges of the pandemic the Preschool has been able to manage itself in accordance with budgets set and continues to receive positive feedback from parents on the services it provides. The success of the Preschool is due to the high quality of care and educational stimulation provided by the Preschool staff, in particular the Manager who receives the support of the Finance Administrator, Management and Custodial Trustees.
Page 2
First Stop Preschool
Report of the Trustees for the Year Ended 31 August 2021
## **FINANCIAL REVIEW**
Reserves: Unspent income of £127,098 in the bank as at 31 August 2021 these funds being adequate to ensure that the charity is able to meet all current and known liabilities and to guarantee the high quality of service required.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Organisational structure**
The Custodian Trustees have been in contact throughout the year, were present at the AGM and met once at the end of the financial year.
The Management Trustees met on five occasions during the year to deal with the general day to day running of the Preschool, and sub committees met on other occasions for specific purposes (e.g. carnival organisation).
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
292446
## **Principal address**
2 Guston Gardens Kirton Suffolk IP10 0PN
## **Trustees**
By agreement of all present at the AGM held on 8 March 2021 the following people were re-elected:
Holding (custodian) trustees Sarah Banham (chair) Lorinda Hall
Management Trustees (Committee) Sarah Banham Adam O'Connor Laura Skeffington Aimee Winterbone Sharon Bennett (Nominated OFSTED individual
New Management Trustees Amanda Erskine Nadine Jehan Lysette Filby
## **Independent Examiner**
Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
Page 3
First Stop Preschool
Report of the Trustees for the Year Ended 31 August 2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
Page 4
Independent Examiner's Report to the Trustees of First Stop Preschool
## **Independent examiner's report to the trustees of First Stop Preschool**
I report to the charity trustees on my examination of the accounts of First Stop Preschool (the Trust) for the year ended 31 August 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust 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.
S D Sturman FCCA Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
Date: .............................................
Page 5
First Stop Preschool
Statement of Financial Activities for the Year Ended 31 August 2021
|31.8.21
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
General Activities
107,568
Other trading activities
2
200
Investment income
3
2
**Total**
107,770
**EXPENDITURE ON**
Raising funds
4
-
**Charitable activities**
General Activities
103,184
**Total**
103,184
**NET INCOME**
4,586
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
265,327
**TOTAL FUNDS CARRIED FORWARD**
269,913|31.8.20
Total
funds
£
109,801
725
148|
|---|---|
||110,674
600
99,289|
||99,889|
||10,785
254,542|
||265,327|
The notes form part of these financial statements
Page 6
First Stop Preschool
|Balance Sheet
31 August 2021
31.8.21
Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
8
143,000
**CURRENT ASSETS**
Debtors
9
-
Cash at bank and in hand
127,098
127,098
**CREDITORS**
Amounts falling due within one year
10
(185)
**NET CURRENT ASSETS**
126,913
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
269,913
**NET ASSETS**
269,913
**FUNDS**
11
Unrestricted funds
269,913
**TOTAL FUNDS**
269,913|31.8.20
Total
funds
£
143,000
120
122,437
122,557
(230)
122,327
265,327
265,327
265,327
265,327|
|---|---|
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
.............................................
Trustee
The notes form part of these financial statements
Page 7
First Stop Preschool
Notes to the Financial Statements for the Year Ended 31 August 2021
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **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.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 8
continued...
First Stop Preschool
## Notes to the Financial Statements - continued for the Year Ended 31 August 2021
## **2. OTHER TRADING ACTIVITIES**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||31.8.21|31.8.20|
|||£|£|
||Fundraising events|-|500|
||Photographs - commission|200|225|
|||200|725|
|**3.**|**INVESTMENT INCOME**|||
|||31.8.21|31.8.20|
|||£|£|
||Deposit account interest|2|148|
|**4.**|**RAISING FUNDS**|||
||**Raising donations and legacies**|||
|||31.8.21|31.8.20|
|||£|£|
||Support costs|-|600|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||31.8.21|31.8.20|
|---|---|---|
|Employees (full and part time)|-|10|
No employees received emoluments in excess of £60,000.
Page 9
continued...
First Stop Preschool
## Notes to the Financial Statements - continued for the Year Ended 31 August 2021
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
General Activities
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
General Activities
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**8.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
fittings
£
**COST**
At 1 September 2020 and
31 August 2021
16,500
**NET BOOK VALUE**
At 31 August 2021
16,500
At 31 August 2020
16,500|Building
£
110,000
110,000
110,000|Shed
£
3,000
3,000
3,000|Unrestricted
funds
£
109,801
725
148
110,674
600
99,289
99,889
10,785
254,542
265,327
Canopy
Totals
£
£
13,500
143,000
13,500
143,000
13,500
143,000|
|---|---|---|---|
Fixed asset traditional were not depreciated under the receipts and payments method. Having changed to accruals, the charity has continued not to depreciate its assets for consistency.
Page 10
continued...
First Stop Preschool
## Notes to the Financial Statements - continued for the Year Ended 31 August 2021
|**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
**11.**
**MOVEMENT IN FUNDS**
At 1.9.20
£
**Unrestricted funds**
General fund
265,327
**TOTAL FUNDS**
265,327
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
107,770
**TOTAL FUNDS**
107,770|31.8.21
31.8.20
£
£
-
120
31.8.21
31.8.20
£
£
1
121
184
109
185
230
Net
movement
At
in funds
31.8.21
£
£
4,586
269,913
4,586
269,913
Resources
Movement
expended
in funds
£
£
(103,184)
4,586
(103,184)
4,586|
|---|---|
Page 11
continued...
First Stop Preschool
## Notes to the Financial Statements - continued for the Year Ended 31 August 2021
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.9.19
in funds
£
£
**Unrestricted funds**
General fund
249,149
9,976
Building restoration
2,500
-
Outdoor play area
65
-
SCC additonal special grants
2,228
-
Pupil Premium
600
809
254,542
10,785
**TOTAL FUNDS**
254,542
10,785
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
109,865
Pupil Premium
809
110,674
**TOTAL FUNDS**
110,674|Transfers
between
At
funds
31.8.20
£
£
665
259,790
1,000
3,500
(48)
17
(345)
1,883
(1,272)
137
-
265,327
-
265,327
Resources
Movement
expended
in funds
£
£
(99,889)
9,976
-
809
(99,889)
10,785
(99,889)
10,785|
|---|---|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2021.
Page 12
First Stop Preschool
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
|**INCOME AND ENDOWMENTS**
**Other trading activities**
Fundraising events
Photographs - commission
**Investment income**
Deposit account interest
**Charitable activities**
Fees - parents
Fees - Government
Fees - special needs
SCC additional grant
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Pensions
Rates
Insurance
Light, heat and water
Advertising and fundraising
Housekeeping and consumables
Toys, books and equipment
Gifts to leavers and staff
Maintenance and renovation
Training, courses and T Shirts
Uniforms
Sundry expenses
Travel
Subscriptions
Licences, registrations & DBS|31.8.21
31.8.20
£
£
-
500
200
225
200
725
2
148
9,713
10,310
96,945
94,987
904
-
-
4,434
6
70
107,568
109,801
107,770
110,674
91,080
88,037
679
-
112
-
1,436
1,375
1,099
847
147
147
1,574
1,151
2,464
2,371
245
392
591
2,602
1,100
753
-
114
46
13
-
8
-
130
863
615
101,436
98,555|31.8.21
31.8.20
£
£
-
500
200
225
200
725
2
148
9,713
10,310
96,945
94,987
904
-
-
4,434
6
70
107,568
109,801
107,770
110,674
91,080
88,037
679
-
112
-
1,436
1,375
1,099
847
147
147
1,574
1,151
2,464
2,371
245
392
591
2,602
1,100
753
-
114
46
13
-
8
-
130
863
615
101,436
98,555|
|---|---|---|
|||725
148
10,310
94,987
-
4,434
70|
|||109,801|
|||110,674
88,037
-
-
1,375
847
147
1,151
2,371
392
2,602
753
114
13
8
130
615|
|||98,555|
## **Support costs**
This page does not form part of the statutory financial statements
Page 13
First Stop Preschool
## Detailed Statement of Financial Activities for the Year Ended 31 August 2021
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2021|||
|---|---|---|
|**Support costs**
**Management**
Postage and telephone
Stationery, printing & copying
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|31.8.21
31.8.20
£
£
663
452
485
282
1,148
734
600
600
103,184
99,889
4,586
10,785||
|||734
600|
|||99,889|
|||10,785|
This page does not form part of the statutory financial statements
Page 14