CHARITY NO 298420 STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AITGUST 2024
STEPPING STONES PSCHOOL LEVERENGTON CHARrrY FOR THE YEAR EiWED 31ST AUGUST 2024 coNrENrs Page Legal and Administrative infornialion Independent Examiners rewrt Report of the Trustees Balance Sheet Statement of Financial Activities Notes
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARtTY LEGAL A]W ADMI]¥ISTRATIVE ]NFORMATION Charity Number: 298420 Chairperson: Louise Rawlings (r¢signed 0211112023) IAuren Wright (appointed 0211112023) Tre4surer: Jos¢ Bow¢rs TTUStees." Luke Feeley (resigned 0211 In023) Sarah Brislon (resigned OYI 112023) Nicholas Jude (resigned 0211112023) Nicola Smith {r¢sign¢d 0211112023) Anna Morris (resigned 0211112023) Keeley Ryan (appointed 04103r2021) Elizabeth Black (dPW)int¢d 0211112023) Jo Harrison (appointed 02/1112023) Colin Mitchell (appointed 0411112023) Registered Office: Stepping Stones PTrSchool Church End Leverington Wisbech Cambridgeshir¢ PE13 5DD Accountants". Bruch & Co Ltd AccounLlnts, Taxation & Business Advisors I School Lane WisiKch Cambrid8¢shir¢ PF,13 IAW Page I
tNDEPENDENf EXAMER's REPORT TO THE TRUSTEES OF STEPPING STONES PRE-SCHOOL LEVERtNGTON CILIRITY FOR THE YEAR ENDED 31ST AUGUST 2024 I report on the accounts for the year ended 3 August 2024, which s¢t out on pages 5 to I l. ReBpectlve Re8ponsibllitie8 of Trustees and Examiver The Charity's Trustees are responsible for the prep8r8tion of the accounts. The Charity's Trustees consid¢r th an audit is not required for this year under section 144(2) of the Charities Act 2011 (th¢ 2011 Act) and that an indep¢n(knt ¢xamiDation is needed. It is my responsibilty to: examine th¢ anIS under tIOn 145 of the 2011 A¢t' to follow the ptYJ¢¢dures"laid down in the General Directions given by the Ch8rity Commission under section 145(5)(b) of the 2011 Act- and to state whether particular matters have come to my attention. BLgRs of IndepelldeDt Ex8minerls Report My examination was Carri out in 8ccordance wilh the General Directions giv¢n by the Charity Commission. An examination includes a review of the 2ccounting records kept by the Charity And a comparison of the accounts presented with those records. It also includes nSIderatIOn of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees ciyncerning any such matters. The procedures undertaken do not pn)vidg all the evidence that would be required in an audit and consequently no opinion is giv¢n as to wh¢th¢r the accounts present a'Mru¢and fair view" and the report is limit¢d to those matters set out in the statsmentbelow. Independent Examiner'$ Statemejbt in connection with my examination, no matter has come to my att¢ntion'. (l) which gives me trasonable cause to believe that in any material respeci the requirements: to k¢¢p accounting Tecords in accordance with section 130 of th¢ 2011 Act. and to pr¢pare accounts which accord with ihe accounting records and comply with the accounting requirements of the 2011 Act. have been tnet" or (2) to which, in my opinioo attention should be drawn in order to enable a Proper understandin8 orth¢ acciyunts to be r¢ach¢d. I have no concerns and have com¢ across no other matters in conn¢¢tion with the examination to which attention Should be drawn in Ihis rep(>rt. Mr R.O.Dcdman F.M.A.A.T I School Lane Wisbech. Cambridgeshire, PE13 IAW 20.05.2025 Dated.. Page 2
STEPPING STONES PRE-SCHOOL LEVEIUNGTON CHAiirrY REPORT OF THK LEVEIUNGTON PRE-SCHOOL FOR THE YEAR ENDED 31ST AUGUST 2024 St¢pping Stones PrfrSChjl present their rep)rt with the financial statements of the Charity for the year ended 31 st August 2024. The fmancial statetnents. hav¢ be¢n prepared in acrdanCe with th¢ accounting policies set out in the notes to the financial statements and comply with the Charily's trust d¢ed, applicable law aDd the r¢quirements of the Statement of R¢¢omm¢nded Practice. 'Accounting and R¢porting by Charities" issued in 2015. Trustees The Truslees who served during the year are set out on the Charity Trnforniation pe at the front of these a¢wunts. Princi1 activÉties and objects of the Charity The principal activtty of the Charity continues to be that of providing pre-school education for children under S. Development, 8diviti¢5 and achievements Th¢ Trustees consider the deficit on ordinary activitics to be particularly unsatisfactory and intend to address this in th¢ forthcoming year. Futhre developments The Trustees are looking forward to offering pre-school education for the forthcoming year and Continuing their rtd raising efforls. Fixed Changes in rd &8sets during the year are set out in the notes to the financial statement5. Oryani5a¢ion A Board of Trustees of up to 8 member8 vtho meet at least 4 times a year. administers the Charity. Reserves poliey It is the policy of the Charity to maintain unrestricted fund& which are the free ¢ash reserve5 of the Charity. at a level which equ&t¢s to approximately 4 month5 expenditure, which is to cover administration costs and sal8ri¢s. Rtsk revieiv The trustees have iEnplement¢d and can conftm) that systems have been established lo enable regular reports to be produced so that the necessary steps can be taken to lessen these ris'ks. Page 3
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY REPORT OF THE LEVERINGTOW4 PREcH(K)L (Contiaued) FOR THE YEAR ENDED 31ST AUGUST 2024 Statement of Siepping Stones Pre-sclwol respoD8ibili¢ies Charity law requires the Trustees to prepare financial statements for each fuwicial year which give a ttwe and fair view of the slate of affairs of the Charity and of its financial position at the end of that year. In preparing those financial statements the Trustees are required to: select suitable accounttng policies and apply them ¢onsist¢ntly' make judgements and estimates that are reasonable and pnJd¢nt' state whether applicable aoUntIng standards and statsments of re¢ommended Practice have tKen followed, subject to any departures disclosed and explained in th¢ financial statettlenls" and prepar¢ the financial statem¢nts on a going conc¢rn basis unless It is tn4)propriat¢ to presume that th¢ Charity will continue in ¢xist¢nce. The Trustees are responsibl¢ for keeping proper accounting records which disclose with reasonable &ccurncy at any time the finAncial position of the Charity and enable them lo ensure that the financial ststements comply with the Charities Act 1993. Th¢y are also responsible for safeguarding the assets of the Charity and hence for taking reasonabl¢ st¢P5 for the prevention and d¢te¢ti(m of fraud and other irregultirities. Approved by the Trnste¢s on Zl.....•...ltsi.f..... signed an its behalf by: Jose Bo {I'reasur¢r) Page 4
STEPPINC. STOIYES PRcHOoL LEVERJNGTON CHARITY BALANCE SHEET AT 31ST AUGUST 2024 Note 2024 2023 Tangible fixed awts Tangible asscts 37,167 38,045 Current assets Bank Accounts 76,535 75,61X) 76,535 75.600 Creditors Amounts fallin8 due within one year 513 223 Net current *ssets 76,022 75,377 Tot41 ats IS curr¢n¢ liabilities 113.189 113.422 Net assets £113.189 £113.422 Capital fullds Unrestricted funds Restricted Funds 113.189 113.422 Total funds £113.189 £113.422 Approved by the Trustees on....... ............. .. . alld Signed otL its FKhalf by: Jose B ers Further details of the Charity's funds are given on pages 6 and 7. The annexed notes fomi part of these financial statements. Page 5
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARTrY STATEMENY OF FINANCIAL ACTIvrrIES FOR THE TrTAR ENDED 31ST AUGUST 2024 Total Fund8 Fundj 2023 Nole 2024 ID¢oming resour¢ Donation4 le8a¢ies & similar incoming resources Other income Investment income 103,178 74.591 437 128 Totsl incomillg resources 103,615 74.719 Regollr expellded Costs of generating funds 11.615 15,735 Resources expended on managing and administering the charity 92.233 81.241 Total restsurces exptttded ' 103.848 96.976 Net movement ID fvDds (233) (22257) Total funds brought forwArd 113.422 135.679 Totsl funds earrled forward £113,189 £113,422 Details of inming resources and resources used are given in notes 4 and 5 to the financial statements. Page 6
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARtTY STATEMENT OF FINAY4CIAL ACTIVITIES DETAILED AI¥ALYSIS OF MOVEMEIYTS IN FUNDS FOR THE YEAR EM)ED 31ST AUGUST 2024 2024 2023 General Fund Balance B/fwd (D¢ficitySurplus for the year 113,422 (233) 135,379 (22.257) 113.189 113,422 Restricted Fund Bal7CC B/fwd Surplus for the year Total funds at 31st August 2024 £113.189 £113,422 Page 7
STEPPING STONES PRE.SCHOOL LEVERINGTON CHARITY NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31ST AUGUST 2024 Accounting Polici The financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market valu¢ and in accordance with applicable accounting standards. In preparing the financial statements the Charity follows be51 practi¢¢ as sel out in th¢ Statement ot RecommeIed Practice"Accounting and Reporting by Charities {SORP) issued in 2015" IneomiDg Resour¢e8 All in¢oming r¢sour¢¢s ar¢ in¢luded in the SOFA whert the Charity is l¢galty entitled to the income and the atnount can be quantified with reasonable accuracy. Resouree$ Expended All expenditure is accounted for on an accruals b8sis and has been classified under headings th&t aggregate all ¢ost5 relat¢d to th¢ cal¢gory. Where costs cannot be directly attributed to particular headin8s they have been allocated to activities on a basis consistent with use of the resources. Fund A¢¢ountiDg General Funds are unrestricted fund4 which art availabl¢ for us¢ at th¢ dIretIOn of the Trustees for particular purpos¢& th¢ aim and use of each designated fvnd is set out in the notes to the financial statements. Re5trirtd Funds. aT¢ funds which a to used in accordance with 4xcific restrictions imposed by donors or which have been rnised by the Charity for particulaT purposes. the cost of raising and administering su¢h funds aty chaT8ed against the specific fund. the Aim and use of each $tricted fund as set out in the noles to the finan¢ial Statsm¢t. Taxation The Truat is a registe0 Charity and accordingly is exempt from taxation on its income and gains wh¢re they are applied for charilabl¢ purpos¢s. An8tysts of Employee Costy: 2024 2023 Salaries & Pension ContritionS 87.364 78J68 No employ¢e Tettived emolumenL8 of over £60,000 during the year (2023 nil). I"he average number of full-time eqvivalcnt employees for th¢ period was 6 (2023 - 6). Page 8
STEPPING STONES PRE.SCHOOL LEVERINGTON CHAIUTY NOTES TO THE FINANCJAL STATEMENTS (Colltinued) FOR THE YEAR EiYDED 31ST AUGUST 2024 Incoming Ruourceg UJ]restricted Fund Restricted Fund Total 2024 Total 2023 Notes DoDatio&% leg#cies & similar incoming resources F¢¢5 Received Government Funding rund Raising Donations Misc income 5.399 95.078 2,701 5,J99 95.078 2.701 1,684 68.521 3.823 563 74.59 103.178 103,178 Other Income Grant lllvestment Income Interest 437 437 128 Totsl incoming resources L74 71 5. Total Resources Expended 2024 2023 Costs dirèctl all(Kated to A¢tiviti¢s Utilities Gen¢ral Expenses Trips & Entertainment Insuranc¢ Catering Consumables Equipment Office Costs Maintenance Cleaning 2,049 2,941 1.132 2,143 754 690 1.363 574 1,894 1,295 1.329 2,250 1,388 550 11,615 15,735 Page 9
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY NOTES TO THE NANCIAL STATEMENTS (Continued) FOR THE YEAR EIYDED 31ST AUGUST 2024 S. Tol41 Resour¢e5 EIp¢Dd¢d (¢ontfttiu¢d) 2024 2023 rt Costs allocated to Activities Legal & Professional Recruit & Training Costs Staff Salwies & Pensions Depreciation Bank Charges 2,403 1.468 87.364 878 120 980 736 78.368 1.033 124 6. TaDgible Fixed Assets IAnd & Plant & Buildittg8 Machinery et¢ Totsl Cost- At I st September 2023 Additions in year 32,193 13, E92 45.385 At 3 1st August 2024 32.193 13.192 45.385 Accumulated depreciation Depreciation in year 7,340 878 7.340 878 8,218 8,218 Nei kn)ok value.. At 3 1st August 2023 £32.193 £ 5.852 £38.045 At 3 1st August 2024 £32,193 £ 4,974 £37.167 Land and buildings ar¢ fre¢hold. Pag¢ 10
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY NOTES TO THE FINANCIAL sTATEME1s (Continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Aoalysis of Fund Assets Liabilities UDrestricted Funds Restricted Funds Tots Tangible Fixed Assets Current Assets Current Liabtliti¢s 37,167 76.535 513 37.167 76.5J5 513 The Unrestricted Funds of the Charity may be applied for any charitable purw)se at the discretion of the Trustees. Analysi5 of Creditors 2024 2023 TaxaÈion Pension 223 290 223 Pag¢ 11