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Company Limited by Guarantee |
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COMPANY LIMITED BY GUARANTEE |
FINANCIAL STATEMENTS |
PAGE |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent auditor's report to the members |
13 |
Statement of financial activities (including income and expenditure account) |
17 |
Statement of financial position |
18 |
Statement of cash flows |
19 |
Notes to the financial statements |
20 |
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COMPANY LIMITED BY GUARANTEE |
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) |
Registered charity name |
The Next Step Trust |
Charity registration number |
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Company registration number |
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Principal office and registered |
The Hoover Building |
office |
Westfield Street |
Halifax |
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West Yorkshire |
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HX1 2DN |
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(Appointed
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Auditor |
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Chartered Accountants & statutory auditor |
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Equitable House |
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55 Pellon Lane |
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Halifax |
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West Yorkshire |
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HX1 5SP |
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Bankers |
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25 Kings Hill Avenue |
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West Malling |
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ME19 4JQ |
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P O Box 14 |
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Halifax |
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West Yorkshire |
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HX1 1BG |
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Ground Floor |
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Fearnley Mill |
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Dean Clough Mills |
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Old Lane |
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Halifax |
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HX3 5WP |
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Carlton House |
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18 Albert Square |
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Manchester |
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M2 5PE |
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Cambridge & Counties Bank |
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Charnwood Court |
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5B New Walk |
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Leicester |
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LE1 6TE |
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Solicitors |
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11 Fountain Street |
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Halifax |
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West Yorkshire |
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HX1 1LU |
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Trustee |
Trustee |
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COMPANY LIMITED BY GUARANTEE |
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & statutory auditor |
Equitable House |
55 Pellon Lane |
Halifax |
West Yorkshire |
HX1 5SP |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCLUDING INCOME AND EXPENDITURE ACCOUNT) |
2024 |
2023 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Charitable activities |
6 |
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Other trading activities |
7 |
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– |
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Investment income |
8 |
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– |
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Total income |
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------- |
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Costs of other trading activities |
9 |
253 |
– |
253 |
29 |
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Expenditure on charitable activities |
10,11 |
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Total expenditure |
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------------- |
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--------- |
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Net income |
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(
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--------- |
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Transfers between funds |
(1,830) |
1,830 |
– |
– |
------------- |
--------- |
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Net movement in funds |
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(
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Total funds brought forward |
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Total funds carried forward |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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Note |
£ |
£ |
£ |
£ |
Tangible fixed assets |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
19 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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Restricted funds |
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Unrestricted funds |
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------------- |
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Total charity funds |
21 |
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Trustee |
Trustee |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF CASH FLOWS |
2024 |
2023 |
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£ |
£ |
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Net income |
207,583 |
68,393 |
Adjustments for: |
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Depreciation of tangible fixed assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar charges |
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Accrued expenses |
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Changes in: |
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Trade and other debtors |
(
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(
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Trade and other creditors |
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(
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---------- |
--------- |
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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---------- |
--------- |
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Net cash from operating activities |
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---------- |
--------- |
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Purchase of tangible assets |
(
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(
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---------- |
--------- |
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Net cash used in investing activities |
(
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(
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---------- |
--------- |
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NET INCREASE IN CASH AND CASH EQUIVALENTS |
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
853,580 |
767,990 |
---------- |
---------- |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
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---------- |
---------- |
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COMPANY LIMITED BY GUARANTEE |
NOTES TO THE FINANCIAL STATEMENTS |
Freehold property |
- |
|
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Fixtures and fittings |
- |
20% straight line
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Motor vehicles |
- |
25% reducing balance
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Equipment |
- |
33.33% straight line
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
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Individuals |
2,918 |
1,215 |
4,133 |
|
Grants receivable |
9,825 |
– |
9,825 |
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--------- |
------- |
--------- |
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--------- |
------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Individuals |
328 |
13,261 |
13,589 |
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Grants receivable |
2,587 |
2,500 |
5,087 |
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------- |
--------- |
--------- |
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------- |
--------- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Support fees |
1,699,342 |
– |
1,699,342 |
|
Access fees |
618,675 |
– |
618,675 |
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Respite fees |
198,347 |
– |
198,347 |
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Transport fees |
56,046 |
– |
56,046 |
|
Outreach fees |
6,673 |
– |
6,673 |
|
Dinner money |
21,297 |
– |
21,297 |
|
Holiday income |
– |
1,768 |
1,768 |
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------------- |
------- |
------------- |
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------- |
------------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Support fees |
1,451,998 |
– |
1,451,998 |
|
Access fees |
532,008 |
– |
532,008 |
|
Respite fees |
143,669 |
– |
143,669 |
|
Transport fees |
43,293 |
– |
43,293 |
|
Outreach fees |
1,343 |
– |
1,343 |
|
Dinner money |
19,926 |
– |
19,926 |
|
Holiday income |
– |
– |
– |
|
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---- |
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– |
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------------- |
---- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
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Fundraising events |
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|
---- |
---- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Bank interest received |
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|
|
|
--------- |
--------- |
------- |
------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Costs of fundraising activities |
253 |
253 |
29 |
29 |
|
---- |
---- |
---- |
---- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
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Charitable activities |
2,182,640 |
19,310 |
2,201,949 |
|
Support costs |
225,799 |
– |
225,799 |
|
------------- |
--------- |
------------- |
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------------- |
--------- |
------------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Charitable activities |
1,920,717 |
5,990 |
1,926,707 |
|
Support costs |
221,862 |
– |
221,862 |
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------------- |
------- |
------------- |
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------------- |
------- |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
£ |
£ |
£ |
£ |
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Charitable activities |
2,201,949 |
195,644 |
2,397,593 |
2,121,481 |
|
Governance costs |
– |
30,155 |
30,155 |
27,088 |
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------------- |
---------- |
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------------- |
---------- |
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Analysis of support costs activity 1 |
Total 2024 |
Total 2023 |
||
£ |
£ |
£ |
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Staff costs |
182,364 |
182,364 |
178,732 |
|
General office |
12,784 |
12,784 |
15,743 |
|
Finance costs |
496 |
496 |
298 |
|
Governance costs |
17,368 |
17,368 |
16,338 |
|
Audit, accountancy & bookkeeping |
6,626 |
6,626 |
6,814 |
|
Office & administrational |
6,162 |
6,162 |
3,935 |
|
---------- |
---------- |
---------- |
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225,800 |
225,800 |
221,860 |
||
---------- |
---------- |
---------- |
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2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
50,933 |
51,293 |
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
|
------- |
------- |
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Other non-audit services |
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
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Employer contributions to pension plans |
37,753 |
34,903 |
------------- |
------------- |
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------------- |
------------- |
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2024 |
2023 |
|
No. |
No. |
|
Management and administration staff |
12 |
8 |
Support workers |
48 |
49 |
Catering and caretaking |
6 |
4 |
---- |
---- |
|
66 |
61 |
|
---- |
---- |
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2024 |
2023 |
|
No. |
No. |
|
£60,000 to £69,999 |
1 |
1 |
---- |
---- |
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Freehold property |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
Cost |
|||||
At 1 April 2023 |
|
|
|
|
|
Additions |
– |
|
– |
8,216
|
|
------------- |
---------- |
---------- |
---------- |
------------- |
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At 31 March 2024 |
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|
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------------- |
---------- |
---------- |
---------- |
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Depreciation |
|||||
At 1 April 2023 |
|
|
|
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Charge for the year |
|
|
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|
------------- |
---------- |
---------- |
---------- |
------------- |
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At 31 March 2024 |
|
|
|
|
|
------------- |
---------- |
---------- |
---------- |
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Carrying amount |
|||||
At 31 March 2024 |
|
|
|
|
|
------------- |
---------- |
---------- |
---------- |
------------- |
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At 31 March 2023 |
|
|
|
|
|
------------- |
---------- |
---------- |
---------- |
------------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
---------- |
---------- |
|
|
|
|
---------- |
---------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
|
Pension |
|
|
Other creditors |
|
|
---------- |
---------- |
|
|
|
|
---------- |
---------- |
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At 1 April 2023 |
Income |
Expenditure |
Transfers |
At 31 March 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
2,089,070 |
2,632,601 |
(2,367,626) |
(172,568) |
2,181,477 |
Buildings Fund |
143,183 |
– |
(41,066) |
169,000 |
271,117 |
Minibus Fund |
81,410 |
– |
– |
– |
81,410 |
Staff Pension & Bonus |
– |
– |
– |
1,738 |
1,738 |
------------- |
------------- |
------------- |
---------- |
------------- |
|
2,313,663 |
2,632,601 |
(2,408,692) |
(1,830) |
2,535,742 |
|
------------- |
------------- |
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---------- |
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At 1 April 2022 |
Income |
Expenditure |
Transfers |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
2,194,414 |
2,201,230 |
(2,112,574) |
(194,000) |
2,089,070 |
Buildings Fund |
2,377 |
– |
(27,194) |
168,000 |
143,183 |
Minibus Fund |
58,250 |
– |
(2,840) |
26,000 |
81,410 |
Staff Pension & Bonus |
– |
– |
– |
– |
– |
------------- |
------------- |
------------- |
---------- |
------------- |
|
2,255,041 |
2,201,230 |
(2,142,608) |
– |
2,313,663 |
|
------------- |
------------- |
------------- |
---------- |
------------- |
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At 1 April 2023 |
Income |
Expenditure |
Transfers |
At 31 March 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
Action Halifax |
3,801 |
– |
(88) |
– |
3,713 |
HBOS |
995 |
– |
(32) |
– |
963 |
Lord Taverners |
5,886 |
– |
(1,472) |
– |
4,414 |
Gardening grant |
– |
– |
(141) |
352 |
211 |
Hydrotherapy Pool |
104,472 |
– |
(4,624) |
– |
99,848 |
Bearder Charity |
– |
– |
– |
– |
– |
Calvert Trust |
11,768 |
1,768 |
(12,228) |
– |
1,308 |
Screwfix Foundation |
4,800 |
– |
(100) |
– |
4,700 |
Swing Rebound |
– |
1,215 |
(625) |
1,478 |
2,068 |
---------- |
------- |
--------- |
------- |
---------- |
|
131,722 |
2,983 |
(19,310) |
1,830 |
117,225 |
|
---------- |
------- |
--------- |
------- |
---------- |
|
At 1 April 2022 |
Income |
Expenditure |
Transfers |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Action Halifax |
3,889 |
– |
(88) |
– |
3,801 |
HBOS |
1,027 |
– |
(32) |
– |
995 |
Lord Taverners |
7,848 |
– |
(1,962) |
– |
5,886 |
Gardening grant |
– |
– |
– |
– |
– |
Hydrotherapy Pool |
104,096 |
2,500 |
(2,124) |
– |
104,472 |
Bearder Charity |
191 |
– |
(191) |
– |
– |
Calvert Trust |
– |
13,261 |
(1,493) |
– |
11,768 |
Screwfix Foundation |
4,900 |
– |
(100) |
– |
4,800 |
Swing Rebound |
– |
– |
– |
– |
– |
---------- |
--------- |
------- |
---- |
---------- |
|
121,951 |
15,761 |
(5,990) |
– |
131,722 |
|
---------- |
--------- |
------- |
---- |
---------- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
1,328,377 |
113,800 |
1,442,177 |
|
Current assets |
1,335,002 |
3,425 |
1,338,427 |
|
Creditors less than 1 year |
(127,637) |
– |
(127,637) |
|
------------- |
---------- |
------------- |
||
Net assets |
2,535,742 |
117,225 |
2,652,967 |
|
------------- |
---------- |
------------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
1,340,818 |
117,454 |
1,458,272 |
|
Current assets |
1,082,275 |
14,268 |
1,096,543 |
|
Creditors less than 1 year |
(109,430) |
– |
(109,430) |
|
------------- |
---------- |
------------- |
||
Net assets |
2,313,663 |
131,722 |
2,445,385 |
|
------------- |
---------- |
------------- |
||
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
92,312 |
|
---------- |
--------- |
---------- |
|
2024 |
2023 |
|
£ |
£ |
|
Not later than 1 year |
|
|
Later than 1 year and not later than 5 years |
|
|
Later than 5 years |
– |
|
--------- |
---------- |
|
|
|
|
--------- |
---------- |
|