CHAIUTY NO 298420 STEPPING STONES PIIE-SCHOOL LEVERINGTON CHAIUTY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
STEPPING STONES PRE-SCHOOL LEVERtNGTON CHARITY FOR THE YEAR ENDED 31ST AUGUST 2025 CONTENTS Page Lal and Ad[nIstrative Infornll0n Independent Examiners rq)ort Rq)ort of the Trustees Balance Sheet Stat¢ment of Financial Activities Notes
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY LEGAL AND ADMllYISTRATIVE INFORMATION Charity Number: 298420 ChaIrpeon. Alice Rushmer (appointed 2310712025) Treasurer: Jos¢ Bowers (appointed 0410312021) Trustee5: K¢el¢y Ryan (appo&nied 0410312021) Elizabeth Black (appointed 0211112023) Jo Harrison (appoinfrd OYI112023} Colin Mitch¢ll (appointed 0211112023) Registered Office: Stepping St(ws PSChl Church End Levering¢On Wisbech Cambrid¥eshire PE13 5DD Accountanls: Bruch & Co Ltd Chartercd Accountant4 Taxation & Business Advisors 30 Old Market Wisbech Cambridgcshire PE13 INB Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPPING STONES PRE-SCHOOL LEVERINGTON CHARITY FOR THE YEAR ENDED 31ST AUGUST 2025 I report on th¢ accounts for thc year ended 31" AuEUSt 2025. which are set out on pages 5 10 11. Respeetive Responslbillties of Trustees and Euminer The Charity's TTusiees are respsIble for ihe preparation of the accounts. The Charity's Trystees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an indcpendent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the General DitionS given by the Clwity Commission under section 145(5)(b) of the 2011 Act. and to state whether particular matters have come to my attention. BYd8fis of llldependent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity CoJJunission. An examination includes a review of the accounting records kept by the Clwity and a comparison of the accounts presented with those re¢ords. It also irLcludes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trust£cs concerning any such matters. The procedures ulldertaken do not provide all the evidenc¢ that would be required in an audit and consequently no opinion is given as lo whether the awounts present a'lrueand fair view" and the report is limited to thos¢ matters set out in the statementbelow. Independent Examiner's StAtement In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that in any rnaterial resm the requitEments: to keep a¢counling r¢wrds in accordance with scction 130 of the 2011 Act. and to prepare accounls which accord with th¢ accounling records and comply with th¢ X¢OLmtillg requirements of the 2011 Act. have not ixen m¢t" or (2) to which, in my opinion, attention should be drawn in order to ¢nable a proper understanding of the accounts to be reach. I have no concerns and ha ¢om¢ across no othu matters in connection with the cxamination lo which attention should be drawn iti this report. H.Peak ACA FCCA 30 Oldmarket Wisbech, Cambridgeshire, PE13 INB Page 2
STEPPING STONES PRE-SCHOOL IvERINGToN CHAIUTY REPORT OF THE LEVERINGTON PRE-SCHOOL FOR THE YEAR ENDED 31ST AUGUST 2025 Stcpping Stones Pre-school present their rort with the financial stat¢ments of the Charity for the year ended 31 st August 2025. The f1nancial statements have been prepared in accordance with the accounting policies set out in thc notes to the finala1 stal¢menls and comply with lh¢ Charity's trust decd, applicable law and th¢ requirements of the Stat¢ment of R¢¢omm¢nd¢d Prdctice, "Accounting and Reporting by Charities" issued in 2015. Trustee5 The TTuslees who served during the year are set out on the Charity infornlation page ai th¢ fronl of these accounts. Princlpal activities Ydnd objeet5 of the Charity The principal aLiivity of the Charity continues to be thal of providing pre-school educalion for Children under 5. Development, activities *cbfievemeDts The Tnjstees consider the deficit on ordinary activities to be particularly unsatisfactory gnd intend to address this in the forthcoming year. FUre developments The Trnsiees are looking forward lo offering pre-h0o1 education for the forthcoming yew and continuing their fimd raising efforts. Fixed assets Changes in fixed assets during Ihe year are set out in the notes to the financial ststement5. Orgallisitio A Board of Trustees of up to 8 member4 who meet at least 4 limes a year, a(Iministers the Charity. Reserves pollcy It is ih¢ policy of th¢ Clwity to maintsin unrestrided funds. which are thc fret cash reserves of the Chartty, at a l¢v¢l which equales Èo approximately 4 months expenditure. whicli is to cover administration costs and salaries. Risk review The trnstees have irnplemented and can confinn that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks. Page 3
STEPPING STONES PRE-SCHOOL LEVERINGTON CHAIUTY REPORT OF THE LEVERINGTON PRPSCHOOL {Continued) FOR THE YEAR ENDED 31ST AUGUST 2025 Statement of Stepping StODes Pre-school responsibilities Charity law requircs the TNstees to prepare finan¢ial statcmcttts for financial year which give a true and fair view of the stale of affairs of the Charity and of its fmancial position al the end of that year. In preparing those financial statements the Trustees are required to: select suitable accounting policies and apply th¢rn Gonsistently make judgements and estimates that are reasotthile and prudent. state whether applicable accounling standards and statements of recommended prdctice have been followed. subject to any d¢partures disclosed and explained in the financial slat¢ments' and prepare the financial 51atemeThts on a going concern basis unless it is inappropriate to presume thal the Charity will continue in existence. The Tnjslees are responsible forkeeping proper accountillg records which disclose with reasonable accurncy at any time the fmancial position of the Charity And enable them to ensure that the financial staiements comply with the Charities Act 1993. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prcvention alld detection of fraud and other irregularities. Approved by the Trustees on ...E%>..ll . signed on its half by.. Jose Bo s (Treasurer) Page 4
STEPPING STONES PRVSCHOOL LEVERINGTON CHARITY BALANCE SHEET AT 31ST AUGUST 2025 Not¢ 2025 2024 Tanglble fixed assets Tangible assets 36.421 37,167 Current a5set5 Bank Accounts Cash in hand 88.903 30 76,535 88,933 76,535 CTeditOTS Amounts falling du¢ within one year 778 513 Net current assets 88,155 76,022 Total s$¢ts les$ eurrent liJbilitie8 124,576 113,189 Net 5sets £124,576 £113,189 Capital funds Unrestricted funds Reslricted Funds 124,576 113,189 Totsl funds £124,576 £113,189 AppVed by the Trnstces on .... . and sign¢d on its behalf by: Jose Further detsils of the Charity's fimds ar¢ giv¢n on pages 6 aud 7. The annexed tteS forni part of these financial statements. Page 5
STEPPING STONES PSCHOOL LEVERINGTON CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025 Total Funds 2025 Total Funds 2024 Note Incoming resources Donations, legacies & similar incomitLg resources OtbeT income Invcstment income 116,252 4,272 718 103,178 437 Totsl Incoming resources 121.242 103,615 Resources expended Cosls of genernting funds 11,430 11.615 Resources expended on managing and administering the charily 98,425 92,233 Total resource8 expended 109,855 103.848 Net movement in fund$ 11,387 (233) Total fuDd5 brought forward 113,189 113.422 Total funds tarried forward £124,576 £113,189 Details of incoming resources and resources used are given in notes 4 and 5 10 the financial statcments. Page 6
STEPPING STONES PRBSCHOOL LEVERINGTOY4 CHARITY STATEMENf OF FINANCIAL ACTIVITIFS DETAILED ANALYSIS OF MOVEMENTS IN FUNDS FOR THE YEAR ENDED 31ST AUGUST 2025 2025 2024 General Fund Balance Blfwd Sutylus (deficit) for the ye 113.189 11,387 113,422 {233) l24.576 113,189 Restrieted Fund Balance Blfwd Surplus for the year Tot41 fuDd5 at 31st August 2025 £124,576 £113,189 Page 7
STEPPING STONES PRE-SCHOOL LEVERINGfoF4 CHARITY NOTES TO THE FllYANCIAL STATEMELYrs FOR THE YEAR ENDED 31ST AUGUST 2025 Accounting Policles The financial statements have been prepared under the historical cost conventiOD as modified by the inclusion of investments at market value and in accordance with applicable aoUntIng standards. In pparIng the financial statements the CbaTity follows besl practice as set out in the Statemcnt of Recommended Pra¢ti¢e "Accounting attd Reporting by Charities (SOR2) issued in 2015" Incoming Resources All incoming T¢sourc¢s ar¢ includcd in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resourtes Expended All cxpcnditure is account for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Wh¢r¢ costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of thc rcsources. Fund Aecounting General Funds are unrestricted funds, which arc available for use at the dis¢retion of the Trnstees for particular putposes, the aim and use of each designated fund is set out in the notes to the financial sta¢em¢nts. RestTith¢d Funds are fimds which are to be used in accordan¢¢ with sp¢¢ifi¢ restrictions imposed by donors or which have b raised by the ChtY for parti¢ular puOSe$, the cost of raising and administering such funds are charged against the specific fund the aim and use of each restricted fund as set out in the notes to the financial statcments. Taxatlon The Trust is a registered Charity and accordingly is exempt from taxation on its income and gains where they are applied for chariiable purposes. Analysis of Employee Costs.. 2025 2024 Salaries & Pen8ion contributions 91.294 87,364 No employee Teceived emoluments of over £60,0(K) durlng the year (2024 £nil). The average number of 11_11me equivalent cmployees for the period was 6 (2024- 6). Page 8
STEPPING STONES PRE-SCHOOL LEVERINGTON CHARrrY NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST AUGUST 2025 Incoming Resource$ UJ)restricied Fund Reslricted Fund Totsl 2025 Total 2024 Notes Donation5, lega¢ies & $imilr incoming Mouree% Fees Received Government Fundtng Fund Raising Donations Misc incom¢ 4.761 108,565 2.926 4,761 108,565 2,926 5.399 95,078 2.701 120,524 120,524 103,178 Other Ineome Grat)t Investment Ineome Interest 718 718 437 Total Incomlng resources £12W2 £L2I242 5. Tot1 R¢souree$ Expended 2025 2024 Costs directl allocated to Activities Utilities Gcncral Expenses Trips & Entertainment 2.601 2.049 976 612 233 1.502 1,826 1.486 1,674 1.363 Catering Con5un]ables Equipment OffLce Costs Maintenance Cleaning 574 1,894 1,661 1,388 550 11,430 11,615 Page 9
STEPPING STONES PRE-SCHOOL LEVEIUNGTON CHARrrY NOTES TO THE FJNANCIAL STATEMENTS {Contfinued) FOR THE YEAR ENDED 31ST AUGUST 2025 S. Totsl Resources Expended (continued) 2025 2024 rt Costs a]located to Activities Legal & Professional Recruit & Training Costs Staff Salaries & Penstons Depreciation Bank Ch8rg¢s 2,991 3,273 91,295 746 2,403 1,468 87,364 878 120 £109 855 Tangible Fixed Assets Land & Pl&nt & Buildings M84chinery etc Tot41 Cost: At 1st September 2024 Additions in year 32,193 13,192 45.385 At 31 st August 2025 32.193 13.192 45.385 Accumulated depreciation DePclaI10n An year 8,218 746 8.218 746 8.964 8,964 N¢t book valu¢: At 3 1st August 2024 £32.193 £ 4.228 £36,421 At 318t August 2025 £32.193 £ 5,852 £38.045 Land and buildings arc freehold. Page 10
STEPPING STONES PRE-SCHOOL LEVERINGTON CIIAlU'rY NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST AUGUST 2025 Analysis of Fund Asget$ and Liabilities Unrestricted Funds Restricted Funds Tolal Tangible Fixed Assets Current Assels Currcnt Liabilities 36,421 88,933 778 36,421 76,535 778 The Unrestricted Funds of the Charity may b¢ applied for any charitable purpose at th¢ diseretion of the Tntstees. ADY41ysis of Creditors 2025 21124 Taxation Pension 223 29) Page 11