## **Trustees’ Annual Report for the period** **From Sept 2021 Period start date To August 2022 Period end date** ## **Charity name: Stepping Stones Pre-school Leverington Charity registration number:298420** ## **Objectives and Activities** **----- Start of picture text -----**
SORP reference
Summary of the Para 1.17 To provide quality care and
purposes of the charity education for children 2-5 years.
as set out in its To offer a stimulating learning
governing document environment, supported by a
knowledgeable staff team.
Summary of the main Para 1.17 and Supporting all children and their
1.19
activities in relation to families who attend, by working
those purposes for the closely together with our parents
public benefit, in to ensure that each child is
particular, the activities, reaching their full potential.
projects or services To ensure every child feels safe
identified in the and secure
accounts. To offer families the opportunity
to experience activities in a safe
and supported environment.
To support families through
childhood early years difficulties
To provide a skilled workforce
that can meet these challenges
Statement confirming Para 1.18
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit
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## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
This year Stepping Stones has
concentrated on supporting
children’s speech development,
Summary of the main Para 1.20 staff have attended training in
achievements of the this area.
charity, identifying the
difference the charity’s Through fundraising we have
work has made to the been able to offer children a
circumstances of its variety of experiences both at
beneficiaries and any pre-school and in the wider
wider benefits to society community, trips to see father
as a whole. Christmas & a local farm where
they experienced feeding baby
lambs.
**----- End of picture text -----**
## **Additional information (optional)** **----- Start of picture text -----**
You may choose to include further statements where relevant about:
Children’s development has been
well supported through in-house
Achievements against Para 1.41 support from senior staff as well
objectives set as on-going training
opportunities
Fundraising objectives were well
received by families due to the
Performance of benefits of the children.
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
**----- End of picture text -----**
other ## **Financial Review** **----- Start of picture text -----**
Review of the charity’s Para 1.21 Stepping Stones has a solid
financial position at the financial position at the end of
end of the period this financial year
Statement explaining Para 1.22 Stepping Stones pre-school holds
the policy for holding a reserve account -this is 3
reserves stating why months of finances that can be
they are held used to cover staffing costs
(redundancy) and settlement of
bills if we were to close.
Also this money can be used for
major maintenance -but must be
replaced overtime.
Amount of reserves held Para 1.22 £35,000
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 No concerns
uncertainties about the
charity continuing as a
going concern
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## **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds Para 1.47 (including any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the Para 1.46 principal risks facing the charity Other ## **Structure, Governance and Management** **----- Start of picture text -----**
Description of charity’s
trusts:
Type of governing Para 1.25 Constitution 2011
document
(trust deed, royal
charter)
How is the charity Para 1.25
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 A new committee is elected
methods including annually at the AGM.
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details** **----- Start of picture text -----**
Charity name Stepping Stones Pre-school Leverington
Other name the charity
uses
Registered charity 298420
number
**----- End of picture text -----**
**----- Start of picture text -----**
Charity’s principal Church Road
address Leverington
Wisbech
Cambridgeshire
PE13 5DE
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Louise Rawlings chairperson
2 Jose Bowers Treasurer
3 Anna Morris Secretary
4 Sarah Briston
5 Keeley Ryan
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
Corporate trustees – names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **----- Start of picture text -----**
Trustee name Dates acted if not for
whole year
**----- End of picture text -----**
**Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** _L.Rawlings_ **Full name(s)** Louise Rawlings **Position (eg** Chairperson **Secretary, Chair, etc)** **Date** 01/06/2023 17 MAY 2023 cHAR￿y NO 298420 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 STEPPING STONES PRE￿cHOoL LEVERINGTON CHARITY FOR THE YEAR ENDED 31ST AUGUST 2022 CONTENTS PAge Legal and Administrative inforniaiion Independent Examiners repoTI Report of the Trustees Balance Sheet Stalemenl of Financial Activities Notes STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY LECAL AND ADMINISTRATIVE INFORMATION Charity Number: 298420 ChAirpers0D: Louise Rawlings TreAsurer: Josc Bowers Trustees: Luke Feeley (appointd 7.11.19) Sarah Briston {appointed 7.11.19) Ni¢holas Jude (appotnted 7.11.19) Ni¢ola Smith (appointed 7.11.19) Anna Morris (appoint￿ 4.3.21) K¢el¢y Ryan {appointed 4.3.21) Regigtered Offlce: Stepping Stones Pre-school Church End Leverington Wisbech Cambridgeshire PE13 5DD Aetountgnt$: Brn¢h & Co Lid Chartered Accountants I School Lane Wisbech Cambridgeshire PE13 IAW Pa8e I INDEPENDENT EXAMINER'S REPORT TO THE TRUSTELS OF STEPPIIYG STONES PRE4CHOOL LEVEIUNGTON CHARrrY FOR THE YEAR ENDED 31ST AUGUST 2022 I report on the accounts for the year ended 31" August 2022. whieh are s¢t out OD pa¥¢s 5 to I l. Respective Responsibilities of Trustees and Exgminer The Charity's Tn￿teeS are responsible for th¢ pr¢paration of the a¢¢ounts. Th¢ Charity's Trusl¢es consider that an audit is not required for this year under wtion 1414(2) of th¢ Chariti¢s Aci 2011 (th¢ 2011 Act) and that an independent examination is ne¢d¢d. It is my Tesponsibility to-. examin¢ th¢ aeeounls under section 145 of th¢ 2011 Act: to follow th¢ pro¢¢dure$ laid dowT in the General Directions given by the Charity Commission wider section 145(5)(b) of the 2011 Act- and to state whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in aecordancc with thc Gcncral Directions given by the Charity Commsssion. An examination includes a review of the accounting records kcpt by thc Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and sccking cxplanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would b¢ requir¢d in an audit and ¢onsequ¢ntly no opinion is given as to whetber Ihe accounts present a.true and fair view" and the report 18 Itmited to those matters set out in the statement below. Independent Examinerls St¥4tement In connection with my examinatio￿ Do matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting rttord& in a¢cordan¢¢ with Section 130 of the 2011 Act. and to pr¢par¢ acrount5 which accord with the accounting record5 and comply with the ac¢ountiThg r¢quir¢ments of the 2011 Act. hav¢ not b¢en mct" OT (2) to which, in my opinioty attentlon should bc drawn in ordcr to ¢nable a proper undcrstanding of the arcounls to Ee reached. I have no concerns and have come across no other matters in connection with the examinatioTh to which attention shoul in s report. MT R.O.D¢dman FMAAT I School Lane Wisbech, Cambridgeshire, PE13 IAW P&ge 2 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY REPORT OF THE LEVERINGTON PRE-SCHOOL FOR THE YEAR ENDED 31ST AUGUST 2022 Siepying Stone5 Pre•School PTesent theiT report with ihe financial statements of th¢ Charity for the year ended 31st August 2022. The financial statements have been prepared in aceordan¢¢ with the accounting policies set out in the notes to tbe financial statements and comply with the Charity'g Irusi d¢ed, applicable IAW and the rquirements of the Statement of Re¢omm¢nd¢d Pra¢tic¢. "Accounting and Reporting by Charities" issued in 2015. Trustees The Trustees who served during the year are set out on ihe Charity informalion page at the front of these counts. Prlnclpal atdvltits and objects of the Charity The principal activity of th¢ Charity continu¢s to b¢ that of pr()viding pre-school education for children und¢r 5. Development, #ctivities and achievements The Trustccs consider the deficit on ordinary a¢tiviti¢s to b¢ parti¢u14rly uD5atisfactory and intend to address this in the forthcoming year. Future develDpm¢nts The TTUSt¢¢$ ar¢ looking forward to offering pre-school educaiion for the forthcoming year and continuing th¢ir fund'raising efforts. Fixed Assets Changes in fixed assets during the year are sel out in the notes lo the financial statem¢nts. Organisatfroo A Board of Tn￿leeS of up to 8 members, who meet at least 4 times a yeaT, thinisters the Charity. Reserves pollcy Jt is the tM)licy of tbe Charity to maintain unr¢stricted fimds, which are the frcc cash rc$erves of the Clwity, at level which ¢quales to approximately 4 months expenditure, which is to ci)ver administration costs and salaries. Rlsk re￿e* The trustee5 have implemented and ¢an confirni thv¢t syst¢ms have been established to enable regular reports to be produced so that the neee.8sary steps can be tsken to lesset] these risks. P28e 3 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY REPORT OF THE LEVERINGTON PRE-SCHOOL (Continued) FOR THE YEAR ENDED 31ST AUGUST 2022 Ststement of St¢PPlJlE Sione5 PrN¢hwl responsibilitie Chority law r¢qui￿S the Trustees to prepare financial statements for each financial year which giyc a truc and faiT view of the stht¢ of affairs of the ChaTity and of its financial position at the end of that year. In PTeparing those financial statements the Tntstees arc required to: select SU2table accounting policies and apply them consistently. make judgements and £stirna*s that arc reasonabl¢ and prudent. state whether applicable Accounting standards and stAt¢m¢nt$ of ￿¢0mM¢￿ded practice have been followed, subj¢¢t to any dep8rture$ disclosed and cxplaincd in Ihc fmancial $tat¢m¢nts' pr¢pare th¢ financial blatements on a going concern basis unless it is iuappropTiale to ptsum¢ that the Charity will continue in existence. The Trustees are responsible for keeping proper accounting records which disclose with re850nable aecurhry At any time the financial wsition of the Charity and enable them to ensure that the fllhancial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for king reasonable steps for th¢ prevention and detection of fraud and other irregulgrities. Approved by the Trustees on ............. ...... ................... signed on lis behalf by.. Louise Rawlings (Chairpetson) Pa8¢ 4 STEPPIIYG STONES PRE-SCHOOL LEVERINGTON CHARITY BALANCE SHEET AT 31ST AUGUST 2022 Note 2022 2021 Tangible fixed as$et$ Tangible assets 10 39,078 40,293 Currettt assets Bank Accounts Cash A¢¢ow)ts Debtors 97.205 66,465 12 97,205 66,565 Creditors Amounts falling due within one year 13 604 Net turrent •3stts 96,601 66,565 Total ￿Sets less current liabilities 135,679 106,858 Net a$$ets £135,679 £106,858 Capital fullds Unrestricted funds Restncied Funds 135.679 106,858 Total funds £135,679 £106,858 Approved by the Tmstees on.%.fl.J i i.l. and signed on its behalf by.. L(Juise Rawlings FurtheT &tails of ihe Charity's fimds ar¢ 8iv¢n on pages 6 and 7. The annexed notes forni part of thcsc financial statements. Page 5 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY STATEMENT OF FILYANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST AUGUST 2022 Total FuDd5 2022 Total Funds 2021 Note Incoming re$our¢es Donations, lega¢ies & similar incoming reAowces Oth¢r incom¢ Inve5tmcnt income 114.709 500 IIX).204 10 Total incoming resources 115,209 101,214 Re50urees expended Costs of generntirtg fi￿d5 10,265 8,732 R¢sour¢es exp¢nd¢d on managing and administering ihe charity 76,123 72.429 Total resources expended 86,388 81,161 Net movement in funds 28,821 20,053 Total funds brought fonward 106,858 86,805 TO¢￿ funds urrled forward £135,679 £106,858 Detsil$ of incoming resouTCCS and resources used are given in not¢s 5 and 6 to th¢ financial statements. Page 6 STEPPING STONES PR￿scHOOL LEVERINGTON CHARITY STATEMENT OF FINANCIAL ACTIVITIES DETAILED ANALYSIS OF MOVEMENTS IN FUNDS FOR THE YEAR EIYDED 31ST AUGUST 2022 2022 2021 General Fund Balance Blfwd {DeficItVSurpl￿ for the y 106,858 28,821 86,805 20,053 135.679 106,858 Rest]l¢ted Fund B2lnnc¢ Blfwd Sury)lu$ for the year Total funds A1318t Allgllst 2022 £135,679 £106,858 Page 7 STEPPING STOIYES PRE-SCHOOL LEVERINGTON CHAIUTY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 Accounting Policies The financial statements have been prepared under the historical cost convention as modified by th¢ inclusion of investments at maTket value and in accordance Nryth applicable accounting standards. In preparing the filvancial ststements the Charity follows best practice as set out in the Slatcmcnt of Recc)mm¢nd¢d Practic¢ "AccouThting and Reporting by Cbariiies (SORP} issued in 2015" In¢oJulng Resourees All incoming resources are included in the SOFA when the Clwi'ty is legally entitlcd to th¢ in¢ome and th¢ an)ount can b¢ quantifi¢d with r¢asonabl¢ a¢curacy. Re$ources Expended All cxpcnditurc is accounted foT on an aecruxls basis and has b¢¢n classified under headings that aggrcgatc all costs related to the cal¢gory. Where costs cannot be directly atttibut¢d to p#rtAcular headings Ihcy have been a]IIKated to activitie8 on a basis consistent with use of the resources. Fund Accounting General Funds are unrestricted funds, which are available for use at the discrction of th¢ Trustees for particular pury)ses, the aim and use of each designated fimd is set out in the noles to the financial statements. Restricted Funds are funds which are to be used in accordance with specific rcstrictiotis Im￿sed by donors or which have been rdised by the Charity for particular purposes, the cost of raising and administering such funds are charged against the specific fund. Ihe aim and use of eacb restricled fund as set out in the notes to ihe financial statements. Tox#tloll The Tn￿t 18 a registered Charity and accordingly is exempt from taxation on its income and gains wh¢r¢ they are applied for charitable purposes. 3. Analysis of Employee Costs.. 2022 2021 Salaries & Pension contributions 73.310 69,355 No employee r¢c¢iv¢d emolum¢nts of ov¢r £60,(M)O during the year {2021 nil). The average number of full-time equivalent employee5 for th¢ ￿lOd was 712021- 7). Page 8 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY NOTES TO THE FINANCIAL STATEMENTS Icondnued) FOR THE YEAR ENDED 3AST AUGUST 2022 Related Party Transaetion$ None of the TnLStees were paid any remuneration or ¢xpcnses by the Chartty duTing the year. Ineoming Resources Unrestsi¢t¢d Fulld R¢strided Fund Total 2022 Total 2021 Notes Don74tion5> legacies & similar incoming resources Fe¢s R¢¢eived Gov¢mm¢nl Fundin¥ Fwid Raising Donations Misc incorne 1.158 110,833 1,635 250 833 114.709 1,158 110.833 1.635 250 833 114,709 1.160 97,365 1,165 100 414 100204 Other Jneomt Graftt Investment Ineome Interest 500 500 10.000 10 Total Ineomlng resources £11520 £101214 Total Resources Expended 2022 2021 Costs directl allocated io Activities Ulilities General Expenses Trips & Entertainment Insurance Catering Consumables Equipment Office co￿$ Maintenance Cl¢aning 2,279 868 ,513 625 477 207 282 961 1,868 1.605 1,427 642 425 457 235 1,632 2,309 10,265 8,732 Page 9 STEPPING STONES PRE-SCHOOL LEVEIUNGTON CHAIUTY NOTES TO THE FINANCIAL STATEMENTS (Contlnued) FOR THE YEAR ENDED 31ST AUGUST 2022 6. Total Resources Expended (continued) 2022 2021 rt Costs allocated to Activities Legal & Prof¢ssionai Recruit & Trdining Costs Stsff Salarie8 & Pensions Depreciation 1,278 320 73,310 857 788 69.355 TAnglble Flxed Assets Land & Pl¥nt & Buildillgs M*¢binery et¢ Total Cost.. At 1st S¢ptemb¢r 2021 Additions in year 32,193 13.192 45.385 At 31st August 2022 32,193 13.192 45,385 Accumulated depreciation Depreclation in year 5,092 1.215 5.092 1,215 6,307 6,307 N¢t book value.. At 31st Aug￿81 2021 £32.193 £ 8,100 £40,293 At 31 st August 2022 £32.193 £ 6,885 £39,078 Land and buildings are freehold. Page 10 STEPPING STONES PRE-SCHOOL LEVERINGTOIY CHARITY NOTES TO THE FINANCIAL STATEMENTS {Conilnued) FOR THE YEAR ENDED 31ST AUGUST 2022 Analysis of Fund Assets and Liabilitle$ Unrestricted Funds Restricted Funds Total Tangible Fix¢d Ass¢ts Current Assets Current LiAbiliti¢s 39,078 97,205 604 39,078 97,205 604 135 679 The Unrestricted Funds of the Charity may be applied for any charitable purpose at the discretion of the TnLSttts. Analysis of Debtor 2022 2021 Prepayment 10. Anatysis of Cr¢ditsrs 2022 2021 Taxation 604 Page 11 17 MAY 2023 cHAR￿y NO 298420 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 STEPPING STONES PRE￿cHOoL LEVERINGTON CHARITY FOR THE YEAR ENDED 31ST AUGUST 2022 CONTENTS PAge Legal and Administrative inforniaiion Independent Examiners repoTI Report of the Trustees Balance Sheet Stalemenl of Financial Activities Notes STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY LECAL AND ADMINISTRATIVE INFORMATION Charity Number: 298420 ChAirpers0D: Louise Rawlings TreAsurer: Josc Bowers Trustees: Luke Feeley (appointd 7.11.19) Sarah Briston {appointed 7.11.19) Ni¢holas Jude (appotnted 7.11.19) Ni¢ola Smith (appointed 7.11.19) Anna Morris (appoint￿ 4.3.21) K¢el¢y Ryan {appointed 4.3.21) Regigtered Offlce: Stepping Stones Pre-school Church End Leverington Wisbech Cambridgeshire PE13 5DD Aetountgnt$: Brn¢h & Co Lid Chartered Accountants I School Lane Wisbech Cambridgeshire PE13 IAW Pa8e I INDEPENDENT EXAMINER'S REPORT TO THE TRUSTELS OF STEPPIIYG STONES PRE4CHOOL LEVEIUNGTON CHARrrY FOR THE YEAR ENDED 31ST AUGUST 2022 I report on the accounts for the year ended 31" August 2022. whieh are s¢t out OD pa¥¢s 5 to I l. Respective Responsibilities of Trustees and Exgminer The Charity's Tn￿teeS are responsible for th¢ pr¢paration of the a¢¢ounts. Th¢ Charity's Trusl¢es consider that an audit is not required for this year under wtion 1414(2) of th¢ Chariti¢s Aci 2011 (th¢ 2011 Act) and that an independent examination is ne¢d¢d. It is my Tesponsibility to-. examin¢ th¢ aeeounls under section 145 of th¢ 2011 Act: to follow th¢ pro¢¢dure$ laid dowT in the General Directions given by the Charity Commission wider section 145(5)(b) of the 2011 Act- and to state whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in aecordancc with thc Gcncral Directions given by the Charity Commsssion. An examination includes a review of the accounting records kcpt by thc Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and sccking cxplanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would b¢ requir¢d in an audit and ¢onsequ¢ntly no opinion is given as to whetber Ihe accounts present a.true and fair view" and the report 18 Itmited to those matters set out in the statement below. Independent Examinerls St¥4tement In connection with my examinatio￿ Do matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting rttord& in a¢cordan¢¢ with Section 130 of the 2011 Act. and to pr¢par¢ acrount5 which accord with the accounting record5 and comply with the ac¢ountiThg r¢quir¢ments of the 2011 Act. hav¢ not b¢en mct" OT (2) to which, in my opinioty attentlon should bc drawn in ordcr to ¢nable a proper undcrstanding of the arcounls to Ee reached. I have no concerns and have come across no other matters in connection with the examinatioTh to which attention shoul in s report. MT R.O.D¢dman FMAAT I School Lane Wisbech, Cambridgeshire, PE13 IAW P&ge 2 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY REPORT OF THE LEVERINGTON PRE-SCHOOL FOR THE YEAR ENDED 31ST AUGUST 2022 Siepying Stone5 Pre•School PTesent theiT report with ihe financial statements of th¢ Charity for the year ended 31st August 2022. The financial statements have been prepared in aceordan¢¢ with the accounting policies set out in the notes to tbe financial statements and comply with the Charity'g Irusi d¢ed, applicable IAW and the rquirements of the Statement of Re¢omm¢nd¢d Pra¢tic¢. "Accounting and Reporting by Charities" issued in 2015. Trustees The Trustees who served during the year are set out on ihe Charity informalion page at the front of these counts. Prlnclpal atdvltits and objects of the Charity The principal activity of th¢ Charity continu¢s to b¢ that of pr()viding pre-school education for children und¢r 5. Development, #ctivities and achievements The Trustccs consider the deficit on ordinary a¢tiviti¢s to b¢ parti¢u14rly uD5atisfactory and intend to address this in the forthcoming year. Future develDpm¢nts The TTUSt¢¢$ ar¢ looking forward to offering pre-school educaiion for the forthcoming year and continuing th¢ir fund'raising efforts. Fixed Assets Changes in fixed assets during the year are sel out in the notes lo the financial statem¢nts. Organisatfroo A Board of Tn￿leeS of up to 8 members, who meet at least 4 times a yeaT, thinisters the Charity. Reserves pollcy Jt is the tM)licy of tbe Charity to maintain unr¢stricted fimds, which are the frcc cash rc$erves of the Clwity, at level which ¢quales to approximately 4 months expenditure, which is to ci)ver administration costs and salaries. Rlsk re￿e* The trustee5 have implemented and ¢an confirni thv¢t syst¢ms have been established to enable regular reports to be produced so that the neee.8sary steps can be tsken to lesset] these risks. P28e 3 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY REPORT OF THE LEVERINGTON PRE-SCHOOL (Continued) FOR THE YEAR ENDED 31ST AUGUST 2022 Ststement of St¢PPlJlE Sione5 PrN¢hwl responsibilitie Chority law r¢qui￿S the Trustees to prepare financial statements for each financial year which giyc a truc and faiT view of the stht¢ of affairs of the ChaTity and of its financial position at the end of that year. In PTeparing those financial statements the Tntstees arc required to: select SU2table accounting policies and apply them consistently. make judgements and £stirna*s that arc reasonabl¢ and prudent. state whether applicable Accounting standards and stAt¢m¢nt$ of ￿¢0mM¢￿ded practice have been followed, subj¢¢t to any dep8rture$ disclosed and cxplaincd in Ihc fmancial $tat¢m¢nts' pr¢pare th¢ financial blatements on a going concern basis unless it is iuappropTiale to ptsum¢ that the Charity will continue in existence. The Trustees are responsible for keeping proper accounting records which disclose with re850nable aecurhry At any time the financial wsition of the Charity and enable them to ensure that the fllhancial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for king reasonable steps for th¢ prevention and detection of fraud and other irregulgrities. Approved by the Trustees on ............. ...... ................... signed on lis behalf by.. Louise Rawlings (Chairpetson) Pa8¢ 4 STEPPIIYG STONES PRE-SCHOOL LEVERINGTON CHARITY BALANCE SHEET AT 31ST AUGUST 2022 Note 2022 2021 Tangible fixed as$et$ Tangible assets 10 39,078 40,293 Currettt assets Bank Accounts Cash A¢¢ow)ts Debtors 97.205 66,465 12 97,205 66,565 Creditors Amounts falling due within one year 13 604 Net turrent •3stts 96,601 66,565 Total ￿Sets less current liabilities 135,679 106,858 Net a$$ets £135,679 £106,858 Capital fullds Unrestricted funds Restncied Funds 135.679 106,858 Total funds £135,679 £106,858 Approved by the Tmstees on.%.fl.J i i.l. and signed on its behalf by.. L(Juise Rawlings FurtheT &tails of ihe Charity's fimds ar¢ 8iv¢n on pages 6 and 7. The annexed notes forni part of thcsc financial statements. Page 5 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY STATEMENT OF FILYANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST AUGUST 2022 Total FuDd5 2022 Total Funds 2021 Note Incoming re$our¢es Donations, lega¢ies & similar incoming reAowces Oth¢r incom¢ Inve5tmcnt income 114.709 500 IIX).204 10 Total incoming resources 115,209 101,214 Re50urees expended Costs of generntirtg fi￿d5 10,265 8,732 R¢sour¢es exp¢nd¢d on managing and administering ihe charity 76,123 72.429 Total resources expended 86,388 81,161 Net movement in funds 28,821 20,053 Total funds brought fonward 106,858 86,805 TO¢￿ funds urrled forward £135,679 £106,858 Detsil$ of incoming resouTCCS and resources used are given in not¢s 5 and 6 to th¢ financial statements. Page 6 STEPPING STONES PR￿scHOOL LEVERINGTON CHARITY STATEMENT OF FINANCIAL ACTIVITIES DETAILED ANALYSIS OF MOVEMENTS IN FUNDS FOR THE YEAR EIYDED 31ST AUGUST 2022 2022 2021 General Fund Balance Blfwd {DeficItVSurpl￿ for the y 106,858 28,821 86,805 20,053 135.679 106,858 Rest]l¢ted Fund B2lnnc¢ Blfwd Sury)lu$ for the year Total funds A1318t Allgllst 2022 £135,679 £106,858 Page 7 STEPPING STOIYES PRE-SCHOOL LEVERINGTON CHAIUTY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 Accounting Policies The financial statements have been prepared under the historical cost convention as modified by th¢ inclusion of investments at maTket value and in accordance Nryth applicable accounting standards. In preparing the filvancial ststements the Charity follows best practice as set out in the Slatcmcnt of Recc)mm¢nd¢d Practic¢ "AccouThting and Reporting by Cbariiies (SORP} issued in 2015" In¢oJulng Resourees All incoming resources are included in the SOFA when the Clwi'ty is legally entitlcd to th¢ in¢ome and th¢ an)ount can b¢ quantifi¢d with r¢asonabl¢ a¢curacy. Re$ources Expended All cxpcnditurc is accounted foT on an aecruxls basis and has b¢¢n classified under headings that aggrcgatc all costs related to the cal¢gory. Where costs cannot be directly atttibut¢d to p#rtAcular headings Ihcy have been a]IIKated to activitie8 on a basis consistent with use of the resources. Fund Accounting General Funds are unrestricted funds, which are available for use at the discrction of th¢ Trustees for particular pury)ses, the aim and use of each designated fimd is set out in the noles to the financial statements. Restricted Funds are funds which are to be used in accordance with specific rcstrictiotis Im￿sed by donors or which have been rdised by the Charity for particular purposes, the cost of raising and administering such funds are charged against the specific fund. Ihe aim and use of eacb restricled fund as set out in the notes to ihe financial statements. Tox#tloll The Tn￿t 18 a registered Charity and accordingly is exempt from taxation on its income and gains wh¢r¢ they are applied for charitable purposes. 3. Analysis of Employee Costs.. 2022 2021 Salaries & Pension contributions 73.310 69,355 No employee r¢c¢iv¢d emolum¢nts of ov¢r £60,(M)O during the year {2021 nil). The average number of full-time equivalent employee5 for th¢ ￿lOd was 712021- 7). Page 8 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY NOTES TO THE FINANCIAL STATEMENTS Icondnued) FOR THE YEAR ENDED 3AST AUGUST 2022 Related Party Transaetion$ None of the TnLStees were paid any remuneration or ¢xpcnses by the Chartty duTing the year. Ineoming Resources Unrestsi¢t¢d Fulld R¢strided Fund Total 2022 Total 2021 Notes Don74tion5> legacies & similar incoming resources Fe¢s R¢¢eived Gov¢mm¢nl Fundin¥ Fwid Raising Donations Misc incorne 1.158 110,833 1,635 250 833 114.709 1,158 110.833 1.635 250 833 114,709 1.160 97,365 1,165 100 414 100204 Other Jneomt Graftt Investment Ineome Interest 500 500 10.000 10 Total Ineomlng resources £11520 £101214 Total Resources Expended 2022 2021 Costs directl allocated io Activities Ulilities General Expenses Trips & Entertainment Insurance Catering Consumables Equipment Office co￿$ Maintenance Cl¢aning 2,279 868 ,513 625 477 207 282 961 1,868 1.605 1,427 642 425 457 235 1,632 2,309 10,265 8,732 Page 9 STEPPING STONES PRE-SCHOOL LEVEIUNGTON CHAIUTY NOTES TO THE FINANCIAL STATEMENTS (Contlnued) FOR THE YEAR ENDED 31ST AUGUST 2022 6. Total Resources Expended (continued) 2022 2021 rt Costs allocated to Activities Legal & Prof¢ssionai Recruit & Trdining Costs Stsff Salarie8 & Pensions Depreciation 1,278 320 73,310 857 788 69.355 TAnglble Flxed Assets Land & Pl¥nt & Buildillgs M*¢binery et¢ Total Cost.. At 1st S¢ptemb¢r 2021 Additions in year 32,193 13.192 45.385 At 31st August 2022 32,193 13.192 45,385 Accumulated depreciation Depreclation in year 5,092 1.215 5.092 1,215 6,307 6,307 N¢t book value.. At 31st Aug￿81 2021 £32.193 £ 8,100 £40,293 At 31 st August 2022 £32.193 £ 6,885 £39,078 Land and buildings are freehold. Page 10 STEPPING STONES PRE-SCHOOL LEVERINGTOIY CHARITY NOTES TO THE FINANCIAL STATEMENTS {Conilnued) FOR THE YEAR ENDED 31ST AUGUST 2022 Analysis of Fund Assets and Liabilitle$ Unrestricted Funds Restricted Funds Total Tangible Fix¢d Ass¢ts Current Assets Current LiAbiliti¢s 39,078 97,205 604 39,078 97,205 604 135 679 The Unrestricted Funds of the Charity may be applied for any charitable purpose at the discretion of the TnLSttts. Analysis of Debtor 2022 2021 Prepayment 10. Anatysis of Cr¢ditsrs 2022 2021 Taxation 604 Page 11