ids. chartered accountants Company Registration No. N1010464 (Northem Ireland) STEPPING STONES CRECHE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG
ids. STEPPING STONES CRECHE LIMITED ¢hurtered accovntonts CONTENTS Page Legal and administrative information Trustees, report Independent auditor's report Statement of financial activities Balance sheet Notes to the financial slatemenls 10-17
ids. STEPPING STONES CRECHE LIMITED ¢hurtered occountonts LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs E Dempsey Miss S Russell Mrs N Mccaulay Mrs S O'Neill (Appointed 27 February 2024) (Appointed 27 February 2024) (Appointed 17 June 2024) (Appointed 17 June 2024) Secretsry Mrs E Dempsey Charity number NIC102354 Company number N1010464 Registered office 15 Church Streel PORTSTEWART Co Londonderry BT55 7AH Auditor IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG
ids. STEPPING STONES CRECHE LIMITED churtered occountant5 TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2024 The truslees present Iheir annual report and financial statements for the year ended 30 June 2024. The financial statements have been prepared in accordance wilh the accounting policies sel out in note 1 lo the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the FinanrAal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" Objectives and activities The company's objects are specifically restricted to the advancement of education, relief of poverty and preservation and protection of heallh of children (under 12 years old) wilhin Portstewart, Coleraine and Portrush and their environs of Northern Ireland (the 'area of benefit'l by the provision of childcare, play facilities and recreational activities in the inlerests of social welfare with the object of enhancing the education and development of said children, without distinction of sex, race or of political, religious or other opinions, and so that their conditions of life may be improved and in particular to provide facilities for the daily care, recreation and education for children who are below the Compulsory school age, and foi children of compulsory SGhool age provide day care facilities for out of school hours and during school holidays. Public benefil The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charily should undertake. Achievements and performance Significant activities and achievements against objectives Financial review Total incoming resources for the year were £553k12023 £573k) of which £522k was generated from fees. Total resources expended were £559k12023 £607k)ofwhich £439k were expended on staff costs. The company returned a loss in resources for the year of £6k (2023 £34k). At 30 June 2024 the total funds of the charity amounted to £99K, of which £99k is unrestricted. Reserves policy The committee consider it prudent to hold monies in reserve in the event that unforeseen circumstances should lead lo financial difficulties which might put the future of its employment capacity, users, welkbeing and general charity work in jeopardy. The initial surplus created by the restructure has been invested back into the reserves amount to return it to an approximate value of two months of operational costs. Risk Management The committee are aware of the major risks to which the organisation is exposed. Where appropriate, systems or procedures have been eslablished to mitigate the risks the charily faces. Internal control risks are minimised through the procedures for authorisalion of all transactions and projecls. PrOdureS are periodically reviewed to ensure that they continue lo meet the needs of the organisalion. Procedures are also in place to ensure compliance with health and safely of staff, volunteers and clients. Structure, governance and management The charity is a company limited by guarantee.
ids. STEPPING STONES CRECHE LIMITED ¢hartered accountants TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The trustees, who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statements were.. M Shivers (Resigned 16 October 2023) C Mcmath (Resigned 27 February 2024) P Morrow (Resigned 7 March 20241 Mr B C O'mahony (Resigned 14 January 2024) Ms E Cheema (Resigned 14 January 2024} A Mallon (Appointed 16 October 2023 and resigned 27 March 20241 Mr J Carey (Appointed 16 October 2023 and resigned 15 February 2024} L McGookin (Appointed 16 October 2023 and resigned 21 February 2024) Mrs C McLaughlin (Appointed 27 February 2024 and resigned 5 July 2024) Mrs E Dempsey (Appointed 27 February 20241 Mrs A Lowry (Appointed 27 February 2024 and resigned 8 January 2025) Miss S Russell (Appointed 27 February 20241 Mrs L Simpson (Appointed 27 February 2024 and resigned 7 May 2024) J A Lenehan (Resigned 1 October 2023) Mrs N Mccaulay (Appointed 17 June 2024) Mrs S O'Neill (Appointed 17 June 2024) Organisational structu The committee consists of 4 directors who administer the charity and meet regularly. The committee are responsible for the strategic direction and policy of the organisation. Committee members are from a variety of professional backgrounds relevant to the work of the charity. The ommittee as a whole was approved by theAGM and continues to monitor ils membership. ststement of trustees, respon5ibilitios The trustees, who are also the directors of Stepping Stones Creche Limiled for the purpose of company law, are r85ponsible for preparing the Trustees, Report and the financial statements in accordance wilh applicable law and United Kingdom AccoL¢nling Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees lo prepare financial stalements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of reSoUrs, including the income and expenditure, of the charitable company for that year. In preparing these financial statements. the Iruslees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP- make judgements and eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements., and prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charily and enable them lo ensure that the financial slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assels of thè charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities.
ids. STEPPING STONES CRECHE LIMITED chartered occountonts TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Auditor In accordance with the company's articles. a resolution proposing that IDS Chartered Accountants LLP be reappointed as auditor of the company will be put at a General Meeting. Taxation The company is a charity IHMRC Charity number XN48561) and is recognised as such by HMRC for taxation purposes. As a result, there is no liability to taxation of any of its income. The trustees, report was approved by the Board of Trustees. Miss S RLJssell Trustee 31 March 2025
ids. STEPPING STONES CRECHE LIMITED chartered accountants INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STEPPING STONES CRECHE LIMITED Opinion We have audited the financial statements of Stepping Slones Creche Limited (the 'charily') for the year ended 30 June 2024 which comprise the statement of financial activities, the balance sheet and notes to the financial slalemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting PractlGel. In our opinion, the financial statements= give a true and fair view of the stale of the charitable company's affairs as at 30 June 2024 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepled Accounting Practi., and have been prepared in accordance with the requirements ofthe Companies Act 2006. Basis for opinion The evidence available to us was limited because we were not appointed as auditor of the company until after the year end and in consequence it was not possible for us lo perform the auditing procedures necessary to obtain sufficient appropriate audit evidence as regards to closing balances included in the preceding years. financial statements We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other information The other information comprises the information included in the annual report other than Ihe financial statements and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is malerially inconsistent with the financial slalemenls or our knowledge obtained in the course of the audit, or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise lo a material misslalemenl in the financial statements Ihemselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception W8 have nothing to report in respect of the following mallers in relation to which the Charities Accounts and Reports Regulations (Northern Ireland) 2015 requires us to report to you if, in our opinion.. the informalion given in the financial slalements is inconsistent in any material respect with the trustees, report., or sufficient accounting records have not been kept,. or the financial statemenls are not in agreement with the accounting records., or we have not received all the information and explanalions we require for our audit.
ids. STEPPING STONES CRECHE LIMITED chartered accountants INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF STEPPING STONES CRECHE LIMITED Responsibilities of trustees As explained more fully in the statement of trustee5' responsibilities, the trustees. who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial slalements that are free from material misstatemenl, whether due to fraud or error. preparing the financial slalements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable Gompany or to cease operations, or have no realistic alternalive bul to do so. Auditor's responsibilities for the audit of the financial ststements We have been appointed as auditor under section 144 of the Charities Act 2006 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecling irregularities, including fraud, is detailed below. Our approach lo identifying and assessing the risks of material misslatemenl in respect of irregularities including fraud and non-compliance with laws and regulations. was as follows.. we identified the laws and regulations applicable lo the charily through discussions with trustees and other management, and from our commercial knowledge and experience of the sector., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of managemenl and inspecting legal correspondence. We assessed the susceptibility of the charity's financial statements to malerial misstatement, including obtaining an understanding of how fraud might occur, by-. making enquiries of management as to where they considered there was susceptibilily to fraud, their knowledge of actual, suspected and alleged fraud; considering the internal controls in place lo mitigale risks of fraud and non-compliance wilh laws and regulations., and performing analytical procedures lo identify any unusual or unexpected relationships- reviewing journal entries to identify unusual transactions., assessing whether judgements and assumpiions made in detemining the accounting estimates were indicative of potential bias.. investigating the rationale behind any significant or unusual transactions.
ids. STEPPING STONES CRECHE LIMITED chartered accountants INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF STEPPING STONES CRECHE LIMITED In response lo the risk of irregularities and non-compliance with laws and regulations, we designed prOdureS which included, bul were not limited lo.. agreeing financial statements disclosures to underlying supporting documentation., reading the minutes of meetings of those board of trustees., enquiring of management as lo actual and potential litigation and claims.. reviewing legal corresponden. There are inherent limitalions in our audit procedures described above. The more removed laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations lo enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder lo delect than those that arise from error as they may involve deliberate concealmenl or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report. Use of our report Thi5 report is made solely to the company's members, as a body, in accordance with section 391 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might state lo the company's members those matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report. or for the opinions we have formed. Mrs Alison Wallace (Senior Statutory Auditor) for and on behalf of IDS Chartered Accountsnts LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG 31 March 2025 IDS Chartered Accountants LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
ids. STEPPING STONES CRECHE LIMITED chartered occovntants STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Other trading activities 1.300 523.537 1,449 1,300 550,346 1,449 6,000 555,780 629 6,000 566,862 629 26,809 11,082 Totsl income 526,286 26,809 553,095 562,409 11,082 573.491 Expenditure on: Charitable aGtivitie5 532,702 26,809 559,511 596,656 11,082 607.738 Totsl expenditure 532,702 26,809 559,511 596,656 11,082 607.738 Net expenditure and movement in funds {6.416) (6,4161 (34,247) (34,247) Reconciliation of funds: Fund balances at 1 July 2023 106,053 106,053 140,300 140,300 Fund balances at 30 June 2024 99,637 99,637 106,053 106,053 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
ids. STEPPING STONES CRECHE LIMITED chartered accountants BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 Notes Fixed assets Tangible assets 11 11,230 15,851 Current assets Debtors Cash at bank and in hand 12 11,395 83.064 26,730 71,405 94.459 98,135 Creditors: amounts falling due within one year 14 (6,052) (7.933) Net current assets 88,407 90,202 Total assets less current liabilities 99,637 106,053 The funds of the charity Unreslricted funds 16 99,637 106,053 99,637 106,053 The company is enlilled to the exemptlon from the audit requirement Gontained in section 477 of the Companies Act 2006, for the year ended 30 June 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subjecl to the small companies regime. The financial statements were approved by the trustees on 31 March 2025 i)gKI Mrs E Dempsey Trustee Miss S Russell Trustee Company registration number N1010464 (Northern Ireland)
ids. STEPPING STONES CRECHE LIMITED chortered occountant5 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Charity information Stepping Stones Creche Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 15 Church Slreet, PORTSTEWART, Co Londonderry, BT55 7AH. 1.1 Accounting convention The financial statements have been prepared in accordance wilh the charily's governing document. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" {effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not lo prepare a Statent of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Going eoncem At the lime of approving the financial statements, the Trustees consider that it is appropriate to prepare the financial statements on a going concern basis. The going concern assumption is based on several changes in policy and strategy lo increase the level of funding coming into the setting and mitigate the increase in outgoings. The Trustees will continue to work closely with its financial advisor to help beller inform finanaal stralegy and risk management. It is on this basis Ihal the trustees continue to adopt the going concern basis in preparing the financial statements. 1.3 Charitable funds Unrestricled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to il after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenanl is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charily has been notified of an impending distribution, the amount is known, and receipl is expected. If the amount is not known, the legacy is treated as a contingent asset. 10-
ids. STEPPING STONES CRECHE LIMITED ¢hurtered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies (Continued} 1.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each activity. Direct costs allribulable lo a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and support costs which are not allribulable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spenl. and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cosl or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less Iheir residual values over their useful lives on the following bases.. Creche improvements Fixtures and fittings 104/0 Straight line 25Q/o Reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the Garrying value of the asset, and is recognised in the statement of financial aclivilies. 1.7 Impaimient of fixed assets Al each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the assel is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments wilh original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instrurnents The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when Ihere is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and sellle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effeclive interest method unless the arrangement conslitules a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are nol amortised. 11
ids. STEPPING STONES CRECHE LIMITED chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaclion price unless the arrangement conslilutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt inslrumenls are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or anlled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate Ihe employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounling policies. the Irustees are required to make judgements. estimates and assumptions about the carrying amounl of assels and liabilities Ihal are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only Ihal period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 1,300 6.000 12-
ids. STEPPING STONES CRECHE LIMITED chartered uccourntant5 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Income from charitable activities Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Income Fees PEAG Fundimng from Education Authority HSCNI Milk Grant Other Grants HSCB Outdoor Grant Sundry Income 522.372 522,372 554,133 554,133 638 17,327 976 8,506 17,965 976 8,506 1,365 8,134 948 9,499 948 2,000 2,000 282 527 527 282 523,537 26,809 550,346 555,780 11,082 566,862 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Non-charilable trading activities 1,449 629 13
ids. STEPPING STONES CRECHE LIMITED chartered occountont5 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Charitsble activities 2024 2023 Staff costs Training costs Premises costs Printing, postage & stationery Subscriptions Equipment costs Legal & professional fees Computer & sofvare costs Outings & travel expenses Accounlancy Repairs & maintenance Misc expenses Bank charges Depreciation 422,277 588 52,266 1,057 6,885 18,629 7,541 11.775 1,199 3,480 9,162 19,749 282 4,621 483,503 1,804 54,290 957 4,008 15,855 1,473 2,762 1,182 4,183 6,223 26,135 323 5,040 559,511 607,738 559,511 607,738 Analysis by fund Unrestricted funds Reslricled funds 532,702 26,809 596,656 11.082 559,511 607,738 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl{creditingl'. Depreciation of owned tangible fixed assets 4,621 5.040 Trustees None of the trustees {or any persons connected with them) received any remuneration or benefits from the harity during the year. 14-
ids. STEPPING STONES CRECHE LIMITED hartered accountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Nurnber 34 36 Employment costs 2024 2023 Wages and salaries Other pension Costs 410,565 11,712 473,593 9,910 422,277 483,503 There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from taxation on ils activities because all its income is applied for charitable purposes. 11 Tangible fixed assets Creche Fixtures and Improvements flttings Total Cost Al 1 July 2023 33,630 13,527 47,157 AI 30 June 2024 33,630 13,527 47,157 Depreciation and impairmènt At 1 July 2023 Depreciation charged in the year 22,811 3,363 8.495 1.258 31,306 4,621 At 30 June 2024 26.174 9,753 35,927 Carying amount At 30 June 2024 7,456 3,774 11,230 AI 30 June 2023 10,819 5,032 15.851 15
ids. STEPPING STONES CRECHE LIMITED chartered occountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 12 Debtors 2024 2023 Amounts falling due within one year: Trade debtors 11,395 26,730 13 Loans and overdrafts 2024 2023 Bank overdrafts Payable within one year 14 Creditors: amounts falling due within one year 2024 2023 Bank overdrafts Other taxation and social security Accruals 13 4,084 1,968 6,542 1.390 6,052 7,933 15 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 11,712 9,910 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been Set aside out of unrestricted funds by the Irustees for specific purposes. At 1 July 2023 Incoming resources ResourGes expended At30 June 2024 General funds 106,053 526.286 {532,702) 99.637 16-
ids. STEPPING STONES CRECHE LIMITED chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 16 Unrestricted funds (Continued) Previous year: At 1 July 2022 Incoming resourGes Resources expended At30 June 2023 General funds 140.300 562,409 {596,656) 106,053 17 Analysis of net assets between funds Unrestricted funds 2024 At 30 June 2024: Tangible assets Current assetsl(liabilities} 11,230 88,407 99.637 Unrestricted funds 2023 At 30 June 2023: Tangible assets Current assels/(liabilities} 15,851 90,202 1Q6,053 18 Related party transactions The Board is made up of all creche cuslomerslex customers, however all income is received at the Th)rmal rate. 17-