# **Steps Community Nursery**
**ANNUAL REPORT April 2024 - March 2025**
## **MANAGEMENT COMMITTEE**
**Jean Leader Chair Abdul Durojaiye Treasurer Tracey Nwabia Management member**
**NURSERY STAFF Jean Williams Manager Lyndsey Craig Manager Helen Okai Deputy Manager Jennifer Henry Nursery Practitioner Allison Pin Nursery Practitioner- Room Leader Karen Marshall Admin/finance Officer**
**- AGM REPORT 2024 2025**
## **Chairs Report**
**2024-25 The nursery has seen many changes over the years in how the nursery runs.Most parents are now working from home and share in the care of their children, therefore not requiring as many fulltime places for their children.**
**The Government is also offering more 30 hour places to working families and the 15 hours to all children from 3 years old.**
**This means parents are just taking up the 15 or 30 hour places, which leaves the nursery struggling as it offers 50 hrs per week**
**We have tried to keep our fees at an affordable cost to the families, but as the cost of living goes up so does our fees.**
**We continue to offer our children the Foundation Stage curriculum, concentrating mainly on the 3 prime areas and incorporating the specific areas of learning. We also work continuously with special needs children. The numbers of children in the nursery remains low, but parents are continually inquiring and we are slowly filling up our places We continue to ensure the care, education, welfare and wellbeing of all the children in our care.**
**Jean Leader Chair**
## FIVE STEPS COMMUNITY NURSERY
ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31st MARCH 2025 Status
The organisation is a charity. Registered Charity Number 800206
Principal Address
15 Lambourne Grove Rotherhithe London SE16 2RR
Trustees
Jean Leader - Chairman Abdul Durojaiye - Treasurer Tracey Nwabia
Accountants
Charles Rippin and Turner Middlesex House 130 College Road Harrow Middlesex HA1 1BQ
Bank
The Co-operative Bank PLC Delf House Southway Skelmersdale WN8 6WT
FIVESTEPS COMMUNITY NURSERY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31st MARCH 2025
The Trustees present their report for the year ended 31st March 2025
**----- Start of picture text -----**
OBJECTIVES AND ACTIVITIES ‘
**----- End of picture text -----**
The charity's principal activity continues to be the provision of childcare facilities for the public benefit.
FINANCIAL REVIEW
The charity continued it's charitable objectives. There was a increase in both grant funding and fees from parents and expenses stabilised.
FUNDRAISING POLICY
The charity is funded by fees charged in exchange for the provision of childcare facilities and grants issued by the London Borough of Lewisham.
STRUCTURE GOVERNANCE AND MANAGEMENT
The members of the Trustees who served during the year were:
Jean Leader - Chairman
Abdul Durojaiya - Treasurer
Tracey Nwabia
The Board of Trustees keeps the skill requirements for the Trustee Board under review. Training expenses are provided for new trustees together with an induction pack comprising a copy of the goveming bust deed, a copy of the last year’s annual report and accounts, copies of Board minutes and a copy of the Charity Commission's guidance "The Essential Trustee".
As a provider of childcare, the Nursery is registered with Ofsted and must meet the conditions that Ofsted places on a registration at all times that we provide registered care, as well as other requirements for registration.
The Trustees report was approved by the Board of Trustees.
Signed on behalf of the trustees: oe eee ite 8/12/24 Jean Leader - Chairman of the Trustees
**----- Start of picture text -----**
Five Step Community Nursery
Balance sheet at 31st March 2025
Note 2025 2024
£ £
FIXED ASSETS
Tangible assets 11 3,057 3,596
CURRENT ASSETS
Prepayments
Cash at bank and in hand 12 369,170 362,879
369,170 362,879
CREDITORS
Accruals 1,500 1,500
1,500 1,500
NET CURRENT ASSETS 367,670 361,379
NET ASSETS 370,727 364,975
FUND BALANCES 9
Restricted funds
Unrestricted funds 370,727 364,975
370,727 364,975
Approved by the board and signed on their behalf
a 18 [12]
Jean Leader - Chairman Date 29
**----- End of picture text -----**
Five Step Community Nursery
Statement of financial activities for the year ended 31st March 2025
| || | | | |
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Restricted|Unrestricted|Total Funds|Total Funds|
|Funds|Funds|2025|2024|
|£|£|£|£|
|INCOMING|RESOURCES|
|Fee income|-|166,886|166,886|140,114|
|Grant|income|-|73,982|73,982|48,969|
|Furlough|-|-|-|941|
|Other income|-|2,712|2,712|3,017|
|Fund|Raising|-|-|-|-|
|Total|incoming|resources|-|243,580|243,580|193,041|
|RESOURCES|EXPENDED|
|Occupancy costs|-|27,079|27,079|24,738|
|Staff costs/ Pension|-|200,607|200,607|220,889|
|Childcare|costs|-|2,725|2,725|6,255|
|Administration|expenses/ Telephone|-|6,878|6,878|12,355|
|Depreciation|-|539|539|635|
|Total resources expended|se-|pc237,828|te)237,828|Se264,871|
|Net movement|in funds|-|5,752|6,752|-|71,831|
|Total|funds|brought forward|-|364,975|364,975|436,806|
|Total funds|carried forward|-|370,727|370,727|364,975|
**----- End of picture text -----**
| | | | | |
## Five Step Community Nursery
## Notes to the accounts for the year ended 31st March 2025
1... ACCOUNTING POLICIES
## Convention
These accounts have been prepared in accordance with the historical cost convention and in
accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" issued March 2005 (SORP 2005) and the Charities Act 2011. The principal policies which the partners have adopted within these conventions are set out below.
Revenue
Income comprises of both fees paid by the parents of children who attend the nursery and grants made by the local! authority.
## Investment Policy
The trust holds no long-term investments. Cash reserves are held in deposit accounts and any interest generated is expended through the charitable activities of the nursery.
Restricted and Unrestricted Funds
The trust holds no restricted funds.
## Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:
**----- Start of picture text -----**
Fixtures and fittings - 15% per annum reducing balance
Plant and machinery - 15% per annum reducing balance
2. GRANTS
2025 2024
£ £
London Borough of Lewisham
Nursery education grant 73,982 48,969
COVID grant a "
Fund raising - -
73,982 48,969
3. CHILDCARE FEES
2025 2024
£ £
Fees received from parents 166,886 140,114
**----- End of picture text -----**
## OTHER INCOME
2025 2024 £ £ Sundry income - - Furlough - 941 Bank interest receivable 2012 3,017 2712 3,958
5. OCCUPANCY COSTS 2025 2024 £ £ 15 Lambourne Grove Rent 8,166 7,000 Rates 1,166 1,111 Water 1,248 1,031 Light and Heat 7,686 8,776 Repairs and maintenance 2,942 1,600 Cleaning 5,871 §,220 27,079. «4,738
6. STAFF COSTS
|6.|STAFF COSTS|||
|---|---|---|---|
|||2025|2024|
|||£|£|
||Salaries|152,676|189,216|
||Tax ,NI & Pension|47,159|30,764|
||Agency|-|909|
||Training|772|-|
|||200,607|220,889|
|7.|CHILDCARE COSTS|||
|||2025|2024|
|||£|£|
||Toy replacements and materials|-|2,089|
||Equipment renewals|710|520|
||Outings and transport|1,199|1,182|
||Legal and professional fees|816|2,464|
|||2,725|6,255|
|8.|ADMINISTRATION COSTS|||
|||2025|2024|
|||£|£|
||Telephone|2,157|2,117|
||Provisions and fund raising|-|7,107|
||Insurance
Admin
Sundries
Entertainment|1,454
1,080
537
150|1,271
295
65
-|
||Accoutancy|1,500|1,500|
|||6,878|12,355|
8. ADMINISTRATION COSTS
**----- Start of picture text -----**
9 ANALYSIS OF CHARITABLE FUNDS
AnalysisFund Movementsof Balance£ biftwa ResourcesIncoming£ ResourcesExpended£ £ c/fwdFund
UnrestrictedUnrestricted generalfunds funds 364,975 243,580 237,828 370,727
Restricted funds - - - -
Total 364,975 243,580 237,828 — 370,727
10 DEPRECIATION
2025 2024
£ £
PlantFixturesandandMachineryfittings 539539i} 635635°
11. TANGIBLE FIXED ASSETS
FixturesFittingsand MachineryPlant and Tokak
£ £ £
Cost
At 1st April 2024 35,000 157 35,157
Additions - - °
RevaluationsOtherDisposalsmovements xs-* Ks3- °°°
At 31st March 2025 35,000 157 35,157
Depreciation
At 1st April 2024 31,404 157 31,561
ChargeRevaluationsOther movementsfor the year 539-‘ °-- 539o°
Elimination on disposals . - °
At 31st March 2025 31,943 157 32,100
Net book value
At 31st March 2025 3,057 o 3,057
At 31st March 2024 3,596 ° 3,596
**----- End of picture text -----**
roe CASH AT BANE AND IN HAND 2025 2zo24 = = Co-operative 6S251 124 399.169 195,S95 Co-operative GS396 144 168.950 166 238 Cash in hand 41.051 1,046 369.370 362.879
## **Section 1 – The learning and development requirements**
1.1. This section defines what providers must do, working in partnership with parents and/or carers, to promote the learning and development of all children in their care, and to ensure they are ready for year 1. The learning and
development requirements are informed by the best available evidence on how children learn and reflect the broad range of skills, knowledge and attitudes children need as foundations for good future progress. Early years providers must guide the development of children’s capabilities with a view to ensuring that children in their care complete the EYFS ready to benefit fully from the opportunities ahead of them.
- 1.2. The EYFS learning and development requirements comprise:
- the seven areas of learning and development and the educational programmes (described below)
- the early learning goals, which summarise the knowledge, skills and
understanding that all young children should have gained by the end of the reception year
- the assessment requirements (when and how practitioners must assess children’s achievements,
and when and how they should discuss children’s progress with parents and/or carers)
Development Matters6, non-statutory curriculum guidance for the EYFS, is available to support providers in their delivery of the EYFS learning and development requirements.
As this document is non-statutory, Ofsted and inspectorates of independent schools will not have regard to it in carrying out inspections and it is up to providers to decide how they approach the curriculum.
The areas of learning and development
1.3. There are seven areas of learning and development that must shape educational programmes in early years settings.
All areas of learning and development are important and inter-connected.
5 Providers offering care exclusively before and after school or during the school holidays for children who normally attend reception (or older) class during the school day (see paragraph 3.41) do not need to meet the learning and
development requirements. However, providers offering care exclusively before and after school or during the school holidays for children younger than those in the reception class age range, should continue to be guided by, but do not have to meet, the learning and development requirements. All such providers should discuss with parents and/or carers (and other practitioners/ providers as appropriate, including school staff/teachers) the support they intend to offer.
- -- 6 https://www.gov.uk/government/publications/development matters 2 8 1.4.
1.4. Three areas are particularly important for building a foundation for igniting children’s curiosity and enthusiasm for learning, forming relationships and thriving.
These are the prime areas:
- communication and language
- physical development
- personal, social and emotional development
- 1.5. Providers must also support children in four specific areas, through which the three prime areas are strengthened and applied.
The specific areas are:
- literacy
- mathematics
- understanding the world
- expressive arts and design
**Level......... CHILD’S INDIVIDUAL BEHAVIOUR PLAN NO....... From...............TO..................**
**NAME: ………………………………… D.O.B............... AGE: ……… YRS ……MTHS........ EARLY YEARS PROVISION........................................................REVIEW DATE .............................**
|**.............................**|||
|---|---|---|
|**Areas of need.**|**Methods, strategies and**|**How far have the targets been met?**|
||**resources to be used.**||
|**Targets and Current**||**Comments on progress and future needs.**|
|**Behaviour Level**|**Who will work on the target?**||
||**When? With what**||
||**equipment?**||
||||
**Targets agreed by (signature) ……Parent/Carer ……Keyworker**
**Review agreed by (Initials)............ ..............**
## **COME TO 5 STEPS**
**Come to 5 Steps come to 5 Steps**
**And you’ll have a lovely time**
**We do painting**
**We do drawing**
**All the children come together**
**And play in harmony**
**Caring sharing, bringing, Giving, showing kindness everywhere**
**Gentle hands and**
**Soft voices**
**Are what we practice every day**
**So if you want to come to 5 Steps**
**Then you must be very kind**
## **British Values**
**British Values are a set of five values introduced to keep children safe**
**1. Democracy Making decisions together and listening to children’s and parent’s voices. At 5 Steps parent questionnaires are completed twice a year. Children are given opportunities to make decisions about choice of activities and resources they play with. This gives opportunities to develop enquiring minds in an atmosphere where questions are valued. 2. Rule of law Understanding that rules matter, as cited in Personal Social and Emotional Development. We consistently reinforce our high expectations of children. Children are taught the value and reasons behind our expectations (rules), that they are there to protect us, that everyone has a responsibility and the consequences when rules are broken.**
**3. Individual liberty Freedom for all, for example reflecting on their differences and understanding that we are free to have different opinions. Children are actively encouraged to make choices, knowing that they are in a safe and supportive environment. We provide boundaries for young children to make choices safely, through our provision of a**
**4. Mutual respect Treat others as you want to be treated. Children gain respect through interaction with caring adults who show and value their individual personalities. Positive, caring and polite behaviour will be encouraged and praised at all times in an environment where children learn to respect themselves, other people and their surroundings. 5. Tolerance of those of Different Faiths and Beliefs We aim to enhance children’s understanding of different faiths and beliefs by participating in a range of celebrations throughout the year. Children have the opportunity to dress-up in clothes and try foods from other cultures and we encourage parents and carers to participate and . support**
## **ACKNOWLEDGEMENTS**
**Early Years Service ( Education Dept. London Borough Lewisham )**
**Voluntary & Statutory Nurseries**
**Early Years Training Provision**
**Pre-School Learning Alliance**
**NDNA**
**Charles Rippin & Turner - Accountants**
**The Management committee**
**The staff**
**The Parents**
**The Children**
## FIVESTEPS COMMUNITY NURSERY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## FIVE STEPS COMMUNITY NURSERY
## ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31st MARCH 2025
Status
The organisation is a charity.
## Registered Charity Number
800206
## Principal Address
15 Lambourne Grove Rotherhithe London SE16 2RR
## Trustees
Jean Leader - Chairman Abdul Durojaiye - Treasurer Tracey Nwabia
Accountants
Charles Rippin and Turner Middlesex House 130 College Road Harrow Middlesex HA1 1BQ
Bank
The Co-operative Bank PLC Delf House Southway Skelmersdale WN8 6WT
## FIVESTEPS COMMUNITY NURSERY
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 31st MARCH 2025
The Trustees present their report for the year ended 31st March 2025
## OBJECTIVES AND ACTIVITIES
i
The charity's principal activity continues to be the provision of childcare facilities for the public benefit.
## FINANCIAL REVIEW
The charity continued it's charitable objectives, There was a increase in both grant funding and fees from parents and expenses stabilised,
## FUNDRAISING POLICY
The charity is funded by fees charged in exchange for the provision of childcare facilities and grants issued by the London Borough of Lewisham.
## STRUCTURE GOVERNANCE AND MANAGEMENT
The members of the Trustees who served during the year were:
Jean Leader - Chairman
Abdul Durojaiya - Treasurer
Tracey Nwabia
The Board ofTrustees keeps the skill requirements for the Trustee Board under review. Training expenses are provided for new trustees together with an induction pack comprising a copy of the goveming bust deed, a copy of the last year's annual report and accounts, copies of Board minutes and a copy of the Charity Commission's guidance "The Essential Trustee".
Asa provider of childcare, the Nursery is registered with Ofsted and must meet the conditions that Ofsted places ona registration at all times that we provide registered care, as well as other requirements for registration.
The Trustees report was approved by the Board of Trustees.
Signed on behalf of the trustees: oo eee[12/24 Jean Leader - Chairman of the Trustees
Five Step Community Nursery
## Balance sheet at 31st March 2025
**----- Start of picture text -----**
Note 2025 2024
£ £
FIXED ASSETS
Tangible assets 11 3,057 3,596
CURRENT ASSETS
Prepayments
Cash at bank and in hand 12 369,170 362,879
369,170 362,879
CREDITORS
Accruals 1,500 1,500
1,500 1,500
NET CURRENT ASSETS 367,670 361,379
NET ASSETS 370,727 364,975
FUND BALANCES 9
Restricted funds
Unrestricted funds 370,727 364,975
370,727 364,975
Approved by the board and signed on their behalf
ao 16
Jean Leader - Chairman Date[12] 29
**----- End of picture text -----**
## Five Step Community Nursery
:
## Statement of financial activities for the year ended 31st March 2025
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Restricted|Unrestricted|Total Funds|Total Funds|
|Funds|Funds|2025|2024|
|£|8|£|£|
|INCOMING|RESOURCES|
|Fee income|-|166,886|166,886|140,114|
|Grant income|-|73,982|73,982|48,969|
|Furlough|-|.|-|941|
|Other income|-|2,712|2,712|3,017|
|Fund|Raising|-|-|-|-|
|Total|incoming resources|-|243,580|243,580|193,041|
|RESOURCES|EXPENDED|
|Occupancy costs|-|27,079|27,079|24,738|
|Staff costs/ Pension|-|200,607|200,607|220,889|
|Childcare costs|-|2,729|2,725|6,255|
|Administration expenses/ Telephone|-|6,878|6,878|12,355|
|Depreciation|-|539|539|635|
|Total|resources expended|-|237,828|237,828|264,871|
|Net movement|in funds|-|5,752|5,752|-|71,831|
|Total funds|brought forward|.|364,975|364,975|436,806|
|Total funds|carried forward|-|370,727|370,727|364,975|
**----- End of picture text -----**
## Five Step Community Nursery
## Notes to the accounts for the year ended 31st March 2025
1... ACCOUNTING POLICIES
## Convention
These accounts have been prepared in accordance with the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" issued March 2005 (SORP 2005) and the Charities Act 2011. The principal policies which the partners have adopted within these conventions are set out below.
## Revenue
Income comprises of both fees paid by the parents of children who attend the nursery and grants made by the local authority.
## Investment Policy
The trust holds no long-term investments. Cash reserves are held in deposit accounts and any interest generated is expended through the charitable activities of the nursery.
## Restricted and Unrestricted Funds
The trust holds no restricted funds.
## Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:
Fixtures and fittings - 15% per annum reducing balance
Plant and machinery
- 15% per annum reducing balance
2. GRANTS
**----- Start of picture text -----**
2025 2024
£ £
London Borough of Lewisham
Nursery education grant 73,982 48,969
COVID grant zi a
Fund raising - -
73,982 48,969
3. CHILDCARE FEES
2025 2024
£ £
Fees received from parents 166,886 140,114
**----- End of picture text -----**
## OTHER INCOME
2025 2024 £ £ Sundry income - - Furlough - 941 Bank interest receivable 2,712 3,017 2,712 3,958 5. OCCUPANCY COSTS 2025 2024 £ £ 15 Lambourne Grove Rent 8,166 7,000 Rates 1,166 41,111 Water 1,248 1,031 Light and Heat 7,686 8,776 Repairs and maintenance 2,942 1,600 Cleaning 5,871 §,220 27,079 24,738
6. STAFF COSTS
Salaries Tax ,NI & Pension Agency Training
7. CHILDCARE COSTS
Toy replacements and materials Equipment renewals Outings and transport Legal and professional fees
## 8. ADMINISTRATION COSTS
**----- Start of picture text -----**
Telephone
Provisions and fund raising
Insurance
Admin
Sundries
Entertainment
Accoutancy
**----- End of picture text -----**
**----- Start of picture text -----**
2025 2024
£ £
152,676 189,216
47,159 30,764
- 909
772 -
200,607 220,889
2025 2024
£ £
- 2,089
710 520
1,199 1,182
816 2,464
2,725 6,255
2025 2024
£ £
2,157 2,117
- 7,107
1,454 1,271
1,080 295
537 65
150 -
1,500 1,500
6,878 12,355
**----- End of picture text -----**
|9|ANALYSIS OF CHARITABLE|FUNDS||||
|---|---|---|---|---|---|
||Analysis of|Balance|Incoming|Resources|Fund|
||Fund Movements|b/fwd|Resources|Expended|clfwd|
|||£|£|£|£|
||Unrestricted funds|||||
||Unrestricted general funds|364,975|243,580|237,828|370,727|
||Restricted funds|-|.|re|5|
||Total|364,975|243,580|237,828|370,727|
|10|DEPRECIATION|||||
|||2025|2024|||
|||£|£|||
||Fixtures and fittings|539|635|||
||Plantand Machinery|i3)|[e)|||
|||539|635|||
|11.|TANGIBLE FIXED ASSETS|||||
|||Fixtures and
Fittings|Plant and
Machinery|potas||
|||£|£|£||
||Cost|||||
||At 1st April 2024|35,000|157|35,157||
||Additions
Revaluations|-
-|a
es|(a)
fe)||
||Other movements|“|.|Oo||
||Disposals|-|-|0||
||At 31st March 2025|35,000|157|35,157||
||Depreciation|||||
||At 1st April 2024
Charge forthe year
Revaluations|31,404
539
2|157,
i?)
=|31,561
539
fe)||
||Other movements|-|-|0||
||Elimination on disposals|-|-|fe)||
||At 31st March 2025|31,943|157|32,100||
||Net book value|||||
||At 31st March 2025|3,057|i!)|3,057||
||At31stMarch2024|3,596|i)|3,596||
## FIVESTEPS COMMUNITY NURSERY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## FIVE STEPS COMMUNITY NURSERY
## ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31st MARCH 2025
Status
The organisation is a charity.
## Registered Charity Number
800206
## Principal Address
15 Lambourne Grove Rotherhithe London SE16 2RR
## Trustees
Jean Leader - Chairman Abdul Durojaiye - Treasurer Tracey Nwabia
Accountants
Charles Rippin and Turner Middlesex House 130 College Road Harrow Middlesex HA1 1BQ
Bank
The Co-operative Bank PLC Delf House Southway Skelmersdale WN8 6WT
## FIVESTEPS COMMUNITY NURSERY
## REPORT OF THE TRUSTEES
## FOR THE YEAR ENDED 31st MARCH 2025
The Trustees present their report for the year ended 31st March 2025
## OBJECTIVES AND ACTIVITIES
i
The charity's principal activity continues to be the provision of childcare facilities for the public benefit.
## FINANCIAL REVIEW
The charity continued it's charitable objectives, There was a increase in both grant funding and fees from parents and expenses stabilised,
## FUNDRAISING POLICY
The charity is funded by fees charged in exchange for the provision of childcare facilities and grants issued by the London Borough of Lewisham.
## STRUCTURE GOVERNANCE AND MANAGEMENT
The members of the Trustees who served during the year were:
Jean Leader - Chairman
Abdul Durojaiya - Treasurer
Tracey Nwabia
The Board ofTrustees keeps the skill requirements for the Trustee Board under review. Training expenses are provided for new trustees together with an induction pack comprising a copy of the goveming bust deed, a copy of the last year's annual report and accounts, copies of Board minutes and a copy of the Charity Commission's guidance "The Essential Trustee".
Asa provider of childcare, the Nursery is registered with Ofsted and must meet the conditions that Ofsted places ona registration at all times that we provide registered care, as well as other requirements for registration.
The Trustees report was approved by the Board of Trustees.
Signed on behalf of the trustees: oo eee[12/24 Jean Leader - Chairman of the Trustees
Five Step Community Nursery
## Balance sheet at 31st March 2025
**----- Start of picture text -----**
Note 2025 2024
£ £
FIXED ASSETS
Tangible assets 11 3,057 3,596
CURRENT ASSETS
Prepayments
Cash at bank and in hand 12 369,170 362,879
369,170 362,879
CREDITORS
Accruals 1,500 1,500
1,500 1,500
NET CURRENT ASSETS 367,670 361,379
NET ASSETS 370,727 364,975
FUND BALANCES 9
Restricted funds
Unrestricted funds 370,727 364,975
370,727 364,975
Approved by the board and signed on their behalf
ao 16
Jean Leader - Chairman Date[12] 29
**----- End of picture text -----**
## Five Step Community Nursery
:
## Statement of financial activities for the year ended 31st March 2025
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|Restricted|Unrestricted|Total Funds|Total Funds|
|Funds|Funds|2025|2024|
|£|8|£|£|
|INCOMING|RESOURCES|
|Fee income|-|166,886|166,886|140,114|
|Grant income|-|73,982|73,982|48,969|
|Furlough|-|.|-|941|
|Other income|-|2,712|2,712|3,017|
|Fund|Raising|-|-|-|-|
|Total|incoming resources|-|243,580|243,580|193,041|
|RESOURCES|EXPENDED|
|Occupancy costs|-|27,079|27,079|24,738|
|Staff costs/ Pension|-|200,607|200,607|220,889|
|Childcare costs|-|2,729|2,725|6,255|
|Administration expenses/ Telephone|-|6,878|6,878|12,355|
|Depreciation|-|539|539|635|
|Total|resources expended|-|237,828|237,828|264,871|
|Net movement|in funds|-|5,752|5,752|-|71,831|
|Total funds|brought forward|.|364,975|364,975|436,806|
|Total funds|carried forward|-|370,727|370,727|364,975|
**----- End of picture text -----**
## Five Step Community Nursery
## Notes to the accounts for the year ended 31st March 2025
1... ACCOUNTING POLICIES
## Convention
These accounts have been prepared in accordance with the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" issued March 2005 (SORP 2005) and the Charities Act 2011. The principal policies which the partners have adopted within these conventions are set out below.
## Revenue
Income comprises of both fees paid by the parents of children who attend the nursery and grants made by the local authority.
## Investment Policy
The trust holds no long-term investments. Cash reserves are held in deposit accounts and any interest generated is expended through the charitable activities of the nursery.
## Restricted and Unrestricted Funds
The trust holds no restricted funds.
## Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:
Fixtures and fittings - 15% per annum reducing balance
Plant and machinery
- 15% per annum reducing balance
2. GRANTS
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2025 2024
£ £
London Borough of Lewisham
Nursery education grant 73,982 48,969
COVID grant zi a
Fund raising - -
73,982 48,969
3. CHILDCARE FEES
2025 2024
£ £
Fees received from parents 166,886 140,114
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## OTHER INCOME
2025 2024 £ £ Sundry income - - Furlough - 941 Bank interest receivable 2,712 3,017 2,712 3,958 5. OCCUPANCY COSTS 2025 2024 £ £ 15 Lambourne Grove Rent 8,166 7,000 Rates 1,166 41,111 Water 1,248 1,031 Light and Heat 7,686 8,776 Repairs and maintenance 2,942 1,600 Cleaning 5,871 §,220 27,079 24,738
6. STAFF COSTS
Salaries Tax ,NI & Pension Agency Training
7. CHILDCARE COSTS
Toy replacements and materials Equipment renewals Outings and transport Legal and professional fees
## 8. ADMINISTRATION COSTS
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Telephone
Provisions and fund raising
Insurance
Admin
Sundries
Entertainment
Accoutancy
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2025 2024
£ £
152,676 189,216
47,159 30,764
- 909
772 -
200,607 220,889
2025 2024
£ £
- 2,089
710 520
1,199 1,182
816 2,464
2,725 6,255
2025 2024
£ £
2,157 2,117
- 7,107
1,454 1,271
1,080 295
537 65
150 -
1,500 1,500
6,878 12,355
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|9|ANALYSIS OF CHARITABLE|FUNDS||||
|---|---|---|---|---|---|
||Analysis of|Balance|Incoming|Resources|Fund|
||Fund Movements|b/fwd|Resources|Expended|clfwd|
|||£|£|£|£|
||Unrestricted funds|||||
||Unrestricted general funds|364,975|243,580|237,828|370,727|
||Restricted funds|-|.|re|5|
||Total|364,975|243,580|237,828|370,727|
|10|DEPRECIATION|||||
|||2025|2024|||
|||£|£|||
||Fixtures and fittings|539|635|||
||Plantand Machinery|i3)|[e)|||
|||539|635|||
|11.|TANGIBLE FIXED ASSETS|||||
|||Fixtures and
Fittings|Plant and
Machinery|potas||
|||£|£|£||
||Cost|||||
||At 1st April 2024|35,000|157|35,157||
||Additions
Revaluations|-
-|a
es|(a)
fe)||
||Other movements|“|.|Oo||
||Disposals|-|-|0||
||At 31st March 2025|35,000|157|35,157||
||Depreciation|||||
||At 1st April 2024
Charge forthe year
Revaluations|31,404
539
2|157,
i?)
=|31,561
539
fe)||
||Other movements|-|-|0||
||Elimination on disposals|-|-|fe)||
||At 31st March 2025|31,943|157|32,100||
||Net book value|||||
||At 31st March 2025|3,057|i!)|3,057||
||At31stMarch2024|3,596|i)|3,596||