2024-08-31-accounts - First Stop Preschool

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REGISTERED CHARITY NUMBER: 292446

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2024 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 2024

CONTENTS	PAGE
Report of the Truestees	3 to 5
Independent examiner's report to the trustees	6
Statement of financial activities	7
Balance Sheet	8
Notes to the accounts	9 to 12
The following pages do not form part of the accounts
Detailed statement of financial activities	13

First Stop Preschool Report of the Truestees For the year ended 31 August 2024

The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. 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 EmotionalDevelopment 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 6 June 2025.

Throughout the year we used our closed Facebook group to give parents/carers information, activity and game ideas for the home.

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First Stop Preschool Report of the Truestees For the year ended 31 August 2024

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 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 £120,792 (2023: £105,777) in the bank and cash as at 31 August 2024 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

160 High Road West Felixstowe Suffolk IP11 9BB

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First Stop Preschool Report of the Truestees For the year ended 31 August 2024

Trustees

By agreement of all present at the AGM held on 6 June 2025 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

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First Stop Preschool INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF First Stop Preschool For the year ended 31 August 2024

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 2024.

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.

Digitally signed by Simon Sturman DN: cn=Simon Sturman, o=Simply Accounts and Tax Ltd, ou, email=simon@simplyaccountsandtax.co.uk, c=GB Date: 2025.06.06 10:25:04 +01'00'

S D Sturman

Simply Accounts & Tax Limited

Epsilon House Ransomes Europark Ipswich Suffolk IP3 9FJ

6 June 2025 Date: .............................................

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First Stop Preschool STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 August 2024

Note INCOMING RESOURCES Charitable activities General Activities Other trading activities 2 Investment income 3 TOTAL INCOMING RECOURCES EXPENDITURE ON Charitable activities General Activities TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Funds 2024 138,682 - 279 138,961 120,805 120,805 18,156 273,380 291,536	TOTAL FUNDS 2023 120,471 348 128
		120,947
		123,664 123,664
		(2,717) 276,097
		273,380

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First Stop Preschool Balance Sheet 31 August 2024

Note FIXED ASSETS Tangible Assets 6 CURRENT ASSETS Debtors & Prepayments Cash at Bank & in hand TOTAL INCOMING RESOURCES CREDITORS: Amounts due within one year 7 NET CURRENT ASSETS CREDITORS: Amounts falling due after more than one year 8 NET ASSETS FUNDS Accumulated Unrestricted Income funds TOTAL FUNDS CARRIED FORWARD	Unrestricted Fund TOTAL FUNDS 2024 2023 144,021 144,021 27,320 25,163 120,792 105,777
	148,112 130,940
	(597) (1,580)

	291,536 273,380
	- -
	291,536 273,380
	291,536 (2,717)
	291,536 273,380

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

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First Stop Preschool Notes to the Financial Statements for the year ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FSR 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 chartitable 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 chairty. 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 ….

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First Stop Preschool Notes to the Financial Statements for the year ended 31 August 2024

2 OTHER TRADING ACTIVITIES

Photographs Commission 3 INVESTMENT INCOME Deposit amount interest	2024 £ - - 2024 £ 279 279	2023 £ 348
		348
		2023 £ 128
		128

4 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

5 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Charitable activities General Activities Other trading activities Investment income Total EXPENDITURE ON Charitable activities General Activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Total fund funds £ £ 138,961 138,961 - - - - 138,961 138,961 120,805 120,805 - 120,805 120,805 18,156 18,156 273,380 273,380 291,536 291,536

continued….

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First Stop Preschool Notes to the Financial Statements - continued for the year ended 31 August 2024

6 TANGIBLE FIXED ASSETS Freehold Land and Canopy Building equipment £ £ COST At 1 September 2023 110,000 13,500 Additions - - At 31 August 2024 110,000 13,500 DEPRECIATION At 1 September 2023 - - Charge for the year - - At 31 August 2024 - - NET BOOK VAULE At 1 September 2023 110,000 13,500 At 31 August 2024 110,000 13,500 7 DEBTORS Trade Debtors Prepayments 8 CREDITORS: Amounts falling due within one year Social secutiries and other taxes Pension 9 MOVEMENT IN FUNDS Unresctricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unresctricted funds General fund TOTAL FUNDS	Fixtures and Fittings £ 17,341 -	Total £ 144,021 -
110,000 13,500	17,341	144,021
- - - -	- -	- -
- -	-	-
110,000 13,500	17,341	144,021
110,000 13,500	17,341	144,021
	At 01/09/2023 £ 273,380 273,380 Income resources £ 138,961 138,961	2023 £ 25,163 -
		25,163
		2023 £ 1,391 189
		1,580
		At 31/08/2024 £ 291,536
		291,536
		Movement in funds £ 18,156
		18,156

continued …

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First Stop Preschool Notes to the Financial Statements - continued for the year ended 31 August 2024

MOVEMENT IN FUNDS -continued

Comparatives for movement in Funds

MOVEMENT IN FUNDS -continued Comparatives for movement in Funds
Unresctricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unresctricted funds General fund TOTAL FUNDS	At 01/09/2022 £ 276,097 276,097 Income resources £ 120,947 120,947	Net movement in fund £ (2,717) (2,717) Resources expended £ (123,664) (123,664)	At 31/08/2023 £ 273,380
			273,380
			Movement in funds £ (2,717)
			(2,717)

10 RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024

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First Stop Preschool Detailed Statement of Financial Activities for the year ended 31 August 2024

INCOME AND ENDOWMENTS Other trading activities Photographs -Commission Investment income Deposit account interest Charitable activities Fees -Parents Fees -Government Fees -Special needs SCC Additional Grant SEN HLTN Funding Donations TOTAL INCOMING RESOURCES EXPENDITURE Other trading activities Charitable activities Wages Pensions Rates Insurance Light, heat and water Advertising and fundraising Housekeeping and consumables Toys, books and equipment Pupil premium expenditure Maintenance and renovation Training, courses and T Shirts Uniforms Sundry expenses Subscriptions Licences, registrations & DBS Support costs Management Postage & Telephone Stationery, printing & copying Management Governance costs Accountancy and legal fees Total resources expended Net (Loss) / Income	2024 £ - - 279 279 13,580 122,437 - 316 2,350 138,682 138,961 106,650 943 374 1,777 2,337 - 654 1,016 - 96 950 453 2,457 277 886 118,870 637 524 1,161 774 120,805 18,156	2023 £ 348 -
		348 128
		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
		1,725
		123,664
		(2,717)

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