**REGISTERED CHARITY NUMBER: 292446**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2023
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 2023
||Page|
|---|---|
|Report of the Trustees|3 to 5|
|IndependentExaminer's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 12|
|Detailed Statement of Financial Activities|13 to 14|
First Stop Preschool
## Report of the Trustees for the Year Ended 31 August 2023
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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 2019).
## **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 60+ 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 2021) and can progress with confidence.
Prime Areas: Personal, Social and Emotional Development Physical development Communication and Language
Specific Areas: Literacy Mathematics Understanding the World Expressive Arts and design
## **Significant activities**
The Preschool received a statutory audit from OFSTED in February 2024 and received a GOOD rating.
We continued our fundraising activities during the year raising funds for various charities including the Poppy Appeal and the Book Trust..
Rob Sambrook Photography came into the Preschool to take photographs of the children and their siblings. And paid the Preschool a commission on his sales
As usual we held a Christmas party for the children in December.
The AGM was held on 21 June 2023.
Throughout the year we used our closed Facebook group to give parents/carers information, activity and game ideas for the home.
Page 3
First Stop Preschool
## Report of the Trustees
for the Year Ended 31 August 2023
## **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,
The preschool has continued to work within the 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.
## **FINANCIAL REVIEW**
Reserves: Unspent income of £105,769 (2022: £134,069) in the bank as at 31 August 2023 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 during the year to deal with general day to day running of the Preschool.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
292446
## **Principal address**
2 Guston Gardens Kirton Suffolk IP10 0PN
Page 4
First Stop Preschool
## Report of the Trustees
## for the Year Ended 31 August 2023
## **Trustees**
Trustees
By agreement of all present at the AGM held on 21 June 2023 the following people were re-elected:
Holding (custodian) trustees Sarah Banham Sharon Bennett
Management Trustees (Committee) Amanda Erskine (chairman) Adam O'Connor Hannah Allard Sharon Bennett (Nominated OFSTED individual)
New Management Trustees Gillian Read
**Independent Examiner** Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Trustee
Page 5
## 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 2023.
## **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
Simply Accounts & Tax Limited Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ
Date: .............................................
Page 6
First Stop Preschool
## Statement of Financial Activities for the Year Ended 31 August 2023
|**INCOME ANDENDOWMENTSFROM**
**Charitable activities**
Notes
General Activities
Other trading activities
2
Investment income
3
**Total**
**EXPENDITUREON**
**Charitable activities**
General Activities
**NET (LOSS) / INCOME**
**RECONCILIATIONOF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31.8.23
Unrestricted
funds
£
120,471
348
128
120,947
123,664
(2,717)
276,097
273 380|31.8.22
Total
funds
£
113,118
226
12|
|---|---|---|
|||113,356|
|||107,172|
|||6,184
269,913|
|||276,097|
The notes form part of these financial statements
Page 7
## First Stop Preschool
## Balance Sheet
## 31 August 2023
|**FIXED ASSETS**
Notes
Tangible assets
6
**CURRENT ASSETS**
Cash at bank and in hand
Trade Debtors
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestrictedfunds
8
**TOTAL FUNDS**|31.8.23
Unrestricted
funds
£
144,021
105,777
25,163
(1,581)
129,359
273,380
273,380
273,380
273,380|31.8.22
Total
funds
£
144,021
132,077
-
(1)
132,076
276,097|
|---|---|---|
|||276,097|
|||276,097|
|||276,097|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 8
First Stop Preschool
Notes to the Financial Statements for the Year Ended 31 August 2023
## **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**
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.
## **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.
continued...
Page 9
First Stop Preschool
## Notes to the Financial Statements - continued
## for the Year Ended 31 August 2023
## **2. OTHER TRADING ACTIVITIES**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||31.8.23|31.8.22|
|||£|£|
||Photographs- commission|348|226|
|**3.**|**INVESTMENTINCOME**|||
|||31.8.23|31.8.22|
|||£|£|
||Deposit account interest|128|12|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||funds|
||£|
|**INCOME ANDENDOWMENTSFROM**||
|**Charitable activities**||
|General Activities|113,118|
|Other trading activities|226|
|Investment income|12|
|**Total**|113,356|
|**EXPENDITUREON**||
|**Charitable activities**||
|General Activities|107,172|
|**NET INCOME**|6,184|
|**RECONCILIATIONOF FUNDS**||
|Total funds brought forward|269,913|
|**TOTAL FUNDS CARRIED**||
|**FORWARD**|276,097|
continued...
Page 10
First Stop Preschool
## Notes to the Financial Statements - continued
## for the Year Ended 31 August 2023
## **6. TANGIBLE FIXED ASSETS**
|**COST**
At 1 September 2022
Additions
At 31 August 2023
**NET BOOK VALUE**
At 31 August 2023
At 31 August 2022|Fixtures
and
fittings
£
17,341
-
17,341
17,341
17,341|Building
£
110,000
-
110,000
110,000
110,000|Shed
£
3,180
-
3,180
3,180
3,180|Canopy
£
13,500
-
13,500
13,500
13,500|Totals
£
144,021
-
144,021
144,021
144,021|
|---|---|---|---|---|---|
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.
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Page 11
Trade creditors
Taxation, social security and pension
**8.**
**MOVEMENTINFUNDS**
**Unrestricted funds**
At 1.9.22
£
General fund
276,097
**TOTAL FUNDS**
276,097
Net movement in funds, included in the above are as follows:
**Unrestrictedfunds**
Incoming
resources
£
General fund
120,947
**TOTAL FUNDS**
120,947|continued...
31.8.23
31.8.22
£
£
1
1
1,580
-
1,581
1
Net
movement
At
in funds
31.8.23
£
£
(2,717)
273,380
(2,717)
273,380
Resources Movement
expended
in funds
£
£
(123,664)
(2,717)
(123,664)
(2,717)|
|---|---|
First Stop Preschool
## Notes to the Financial Statements - continued for the Year Ended 31 August 2023
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestrictedfunds**
Net
movement
At 1.9.21
in funds
£
£
General fund
269,913
6,184
**TOTAL FUNDS**
269,913
6,184
Comparativenet movement in funds, included in the above are as follows:
**Unrestrictedfunds**
Incoming
Resources
resources
expended
£
£
General fund
113,356
(107,172)
**TOTAL FUNDS**
113,356
(107,172)|At
31.8.22
£
276,097
276,097
Movement
in funds
£
6,184
6,184|
|---|---|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2023 or 31 August 2022.
Page 12
|First Stop Preschool
Detailed Statement of FinancialActivities
for the Year Ended 31 August 2023
**INCOME AND ENDOWMENTS**
**Other trading activities**
Photographs- commission
**Investmentincome**
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
Housekeepingand consumables
Toys, books and equipment
Pupil premium expenditure
Maintenanceand renovation
Training, courses and T Shirts
Uniforms
Sundry expenses
Licences,registrations& DBS
**Support costs**
**Management**
Postage and telephone
Stationery, printing & copying|31.8.23
£
348
128
11,368
109,103
-
-
-
120,471
120,947
103,129
939
384
1,703
3,931
-
419
1,477
1,361
4,394
160
219
1,721
974
120,811
797
331
1,128|31.8.22
£
226
12
9,843
99,746
300
3,229
-|
|---|---|---|
|||113,118|
|||113,356
93,041
772
440
1,541
1,159
90
1,252
1,253
-
3,659
34
275
349
869|
|||105,094
873
555|
|||1,428|
This page does not form part of the statutory financial statements
Page 13
## First Stop Preschool
|Detailed Statement of FinancialActivities
for the Year Ended 31 August 2023
**Management**
**Governancecosts**
Accountancyand legal fees
Total resources expended
**Net (Loss) / Income**|31.8.23
£
1,725
123,664
(2,717)|31.8.22
£
650|
|---|---|---|
|||107,172|
|||6,184|
This page does not form part of the statutory financial statements
Page 14