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. PrO￿dureS 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 reSoUr￿s, 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 I￿land (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 prO￿dureS
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 Stat￿ent 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 dir￿1 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 Ind￿atIOn
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
an￿lled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
re￿ived.
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-