OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-05-31-accounts

Company no. 02932195 Charity no. 1038253 (England & Wales) Charity no. SC040616 (Scotland)

Step Together Volunteering Ltd. Report and Unaudited Financial Statements 31 May 2022

Step Together Volunteering Ltd.

Reference and administrative details

For the year ended 31 May 2022 For the year ended 31 May 2022
Company number 02932195
Charity number 1038253
(England & Wales)
SC040616
(Scotland)
Registered office 29 Great George Street
Bristol
BS1 5QT
President Sir David Manning GCMG, KCVO
Lifetime president Roger Potter MBE appointed 5 May 2022
Patrons Dame Julia Cleverdon DCVO, CBE – resigned 1 March 2022
Damon de Laszlo DL – resigned 1 March 2022
Captain Michael Fulford-Dobson CVO, KStJ, JP, RN – resigned 1 March
2022
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Ralph Arundell appointed 1 February 2022
Maurice Clarke
Dr Roger Donbavand Chairman
Liza Durkin
Matthew Fellows appointed 5 May 2022, resigned 7 November
2022
Dr Robin Garnett OBE resigned 3 November 2021
Julia Killick CBE
Caroline Marsh
Deborah Poole
Roger Potter MBE Founder, resigned 5 May 2022
Hayley Rees resigned 3 November 2021
Scharmarie Van Der Vyver appointed 3 November 2021
Chief executive officer Anna-Clare Temple
Bankers CAF Bank Ltd
Kings Hill
West Malling
ME19 4TA
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Step Together Volunteering Ltd.

Report of the trustees

For the year ended 31 May 2022

The trustees present their report and the financial statements for the year ended 31 May 2022.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2019).

About Step Together Volunteering

We’re a charity that helps the most vulnerable people – people who can’t find help elsewhere. We don’t give up on our clients. We support them until they have the self-confidence and skills they need to look forward to a better, brighter future. And for many, that starts with volunteering.

Our mission

PROGRESSION IS OUR MISSION. TOGETHERNESS IS OUR ETHOS. EMPOWERMENT THROUGH VOLUNTEERING IS OUR GOAL.

Step Together Volunteering (STV) works to inspire, motivate, and enable people who are most excluded from society to participate in community volunteering as a way of helping them develop the skills, confidence and motivation to turn their lives around. We team this with intensive one-to-one mentoring support, taking an asset-based approach, to support individuals to understand their strengths, identify their goals, overcome any obstacles, and achieve their potential.

We do not place a time limit on our support, as we understand that working with clients who have such complex needs demands patience and time. Most of our clients are supported for between 6 and 12 months.

Over the 2021-2022 financial year, the charity ran three main programmes working with: people with criminal convictions, young people facing multiple disadvantage, and veterans & service personnel on recovery duty (PRD).

The charity’s objectives, established in 1994, state that the charity exists “to promote, for the public benefit, volunteering and community involvement by people of all ages and backgrounds”. All our current programmes aim to support people who face multiple disadvantage and are excluded from society in some way, to engage in community volunteering. We work at the margins of society, supporting people with complex and often chaotic lives. For many, we are a last resort; the complexity of their circumstances meaning that most time-limited and prescriptive services do not meet their needs. We take them on a journey to rebuild their lives with volunteering as a goal.

At STV we believe that everyone has the potential and the right to effect positive change for themselves and for their communities, regardless of their background or history; and that communities are stronger and more resilient when they are inclusive.

The charity’s programmes are delivered by a team of outreach workers, our Volunteering Project Managers, providing one-to-one support to clients currently based in Scotland, Cumbria, Greater Manchester, East of England, Wiltshire and Bristol. Our Volunteer Project Managers are supported by project staff, who enable us to reach more people and enhance our support offer.

2

Step Together Volunteering Ltd.

Report of the trustees

For the year ended 31 May 2022

Achievements and performance

The Charity’s financial year saw the organisation, and the sector, emerge from the restrictions of the Coronavirus pandemic. The impact on the voluntary sector, and the people it supports, has been significant: services have reduced availability, have changed delivery models with a move to digital/online provision, or closed completely. We have seen an increase in complexity of need amongst the people we support, particularly relating to mental wellbeing. With increasing pressure on statutory support for mental health, and lengthy waiting lists, our frontline team have found themselves supporting people with serious mental health needs. In early 2022 all staff received Mental Health First Aid training to support their knowledge and skills in this area, and also to ensure staff know how and when to signpost people to specialist support.

No longer restricted by lockdowns, the charity resumed face-to-face support with clients. It has taken time to build up caseloads again and re-establish referral pathways. Some elements of online delivery have been maintained: our For My Future course has been run both online and in person during the period. However, participants have fed back their strong preference for in-person delivery of this course and we plan to reduce online delivery going forward.

The strategic priorities set for the year were:

A new strategy for 2022-25 was presented to the Board of Trustees in October 2021 which focused on: raising our profile and presence in Bristol & Manchester, growing our impact throughout our programmes to reach more people, and building a sustainable organisation with a focus on financial stability.

Key to the achievement of these objectives is our ability to collect reliable data and use it to demonstrate the charity’s effectiveness and the value we deliver. Our new case management system and the introduction of a new impact measurement tool (see below) is ensuring that we have robust data that shows our value.

The charity is using more volunteers in its work, to enable us to reach more people and/or run more sessions. Most of these volunteers are people with lived experience, who share their journey with the people we support and act as positive role models. They have been involved in supporting sessions at our allotment project for young people in Bristol, training to become peer mentors as part of our Peer Support Project for women who have experience of the criminal justice system in Greater Manchester, and have acted as Ambassadors, carrying out presentations to key stakeholders, such as the Department of Work and Pensions, in Manchester.

The charity has looked at its objects and Articles of Association. Changes are being made to ensure the charity complies with the Charity Code of Governance.

3

Step Together Volunteering Ltd.

Report of the trustees

For the year ended 31 May 2022

After almost two years of not being able to come together, it was great to meet as a staff team in November 2021. We were joined by nearly all the Charity’s trustees and our patron, David Manning. Staff heard about what the charity had achieved during the year, despite the challenges of the pandemic, and learned about plans going forward. There was also a focus on staff wellbeing after a challenging year, emphasising the need for staff to take care of their own wellbeing to be effective in their roles. It was a thought-provoking few days, which allowed new members of the team to get to know their colleagues and our Board members.

Throughout the year the charity’s central team (CEO, Operations Manager, Fundraiser and Administration & Communications Officer) continued to work from home, meeting face-to-face regularly. Towards the end of the period the search for a suitable office base in Bristol began, and the charity moved into its new office in central Bristol in September 2022.

During the year the charity was recognised by the Defence Employers Recognition Scheme with a Silver Award. This award was given to Step Together Volunteering in recognition of our support for the Armed Forces Community, not only in supporting veterans and personnel on recovery duty who may be facing challenges, but also in employing former members of the Armed Forces and other members of the Armed Forces Community in our staff team, including one member who is an active Reservist and was mobilised during the pandemic.

Fundraising

The charity carried forward a significant amount of funding from the previous financial year, meaning much of the funding needed was already secured. A total of £370,826 was carried forward, of which £240,917 was restricted. Together with funding committed from funders the charity began the 202122 financial year with over 80% of its expenditure secured. This was helpful as many funding streams were still affected by the pandemic, and funders were also responding to specific needs highlighted by Covid-19.

During the year the charity was successful in securing funding from the Department of Work and Pension’s Flexible Support Fund, to support our work with young people and people with experience of the criminal justice system in Greater Manchester. This has allowed us to develop a good working partnership with Job Centres in Greater Manchester, who continue to refer people to our projects. Additionally, we secured further funding from ESF to run our For My Future course for people with criminal convictions in Manchester. We also secured repeat funding from ABF The Soldiers’ Charity, the Veterans Foundation, and the Armed Forces Covenant Fund Trust for our work with veterans and service personnel on recovery duty. We were delighted to be successful in securing funding from Bristol City Council’s Bristol Impact Fund supporting our work with young people aged 16-25 in the city over a 4-year period. Our work with young people in Dumfries & Galloway continued to be supported by The Gannochy Trust, The Holywood Trust, The Hugh Fraser Foundation, and The Robertson Trust.

Case management system

In August 2021 we moved to our new case management system, Charity Log. Data was migrated from our old system and all staff received training on the new system. The new system has been well received by all staff, and we are already beginning to get improved data to support our fundraising and reporting work. Whilst the initial year required some investment, subsequent years will cost less than the previous case management system and over three years the charity will have made a significant saving. The new system is entirely customisable, and the central staff team are able to make changes and additions to support our data collection.

4

Step Together Volunteering Ltd.

Report of the trustees

For the year ended 31 May 2022

At the same time, we brought in the Pathway Star as a measurement tool. The Pathway Star is one of the Outcomes Stars designed by Triangle Consulting, a mission-led organisation that exists to help people reach their highest potential and live meaningful and fulfilling lives, often in the context of social disadvantage, trauma, disability or illness. They do this by creating powerful tools to unlock the potential of both individuals and the organisations supporting them. These tools are targeted towards organisations that support people over an extended period of time, and the Pathway Star is designed for organisations that are supporting people overcoming barriers to work. Using a tool widely recognised in the sector improves our credibility with funders and provides better impact data to demonstrate the effectiveness of our work. The Pathway Star is integrated with our case management system, meaning that all data is held in one place. The tool asks people to assess where they are in 8 key areas: confidence & aspirations, family & relationships, friends & connections, emotional wellbeing, healthy lifestyle, stability at home, skills, and money. Initial baseline assessments are carried out shortly after referral, with subsequent assessments taking place every 8- 12 weeks.

University of Bristol – student placements

During the year we continued our partnership with the University of Bristol, and two second year students undertook an evaluation of our For My Future course. They looked at the course structure and content and consulted with participants to understand what they thought of the course and how it had helped them. They were asked to score how positively the course had influenced their selfesteem, communication skills, ambition and sense of responsibility, with 1 being little/no influence and 10 being heavy influence. All respondents gave a score of at least 8/10 across all of these areas. Specifically, 40% said the course had a heavy influence (10/10) on their self-esteem and ambition. 80% gave a score of 9/10 for improvement in communication skills.

This external evaluation has shown the value of the course for participants and wider society (only 5% of participants have knowingly re-offended) and provides an objective assessment of the impact of our work that can be used to support fundraising and reporting activities.

i3Works – charity partnership

During the year, we were approached by i3works, a consultancy organisation specialising in digital services. They offered to provide us with some pro bono support for a digital project. Working with their consultants, we looked at how we could improve feedback mechanisms, particularly in getting feedback from clients. We looked at maximising the potential of our new case management system to contact multiple clients easily, and the best methods for receiving, collating and analysing the data we got back. The project has been helpful in supporting the charity to establish a regular, quarterly feedback exercises which are efficient to manage and analyse. The data is used internally for quality control purposes, and to support our fundraising and reporting activities.

Financial review

Income for the year was £366,756 which, with the income carried forward from the previous year, was slightly higher than the £450,000 budgeted. Expenditure for the year was £403,421 which was lower than the £465,192 budgeted. This was due to the central costs being lower as the charity did not have a Fundraising Officer for 6 months, and project costs being lower due to the ongoing impact of the pandemic.

Funds carried forward to the 2022-23 financial year amounted to £334,161 of which £183,345 were restricted. The unrestricted reserves at the end of the financial year stood at £150,816.

5

Step Together Volunteering Ltd.

Report of the trustees

For the year ended 31 May 2022

The charity has secured a number of grants into the 2022-23 financial year, totalling £112,125, with around 26% of the charity’s budgeted expenditure already secured. The charity retains a heavy focus on fundraising to provide stability and certainty going forward. We have plans to diversify our income streams with a major donor fundraising project getting underway. In addition to this, we continue to prioritise applications for multi-year funding where possible, as well as identifying opportunities for unrestricted/core funding which provide greater flexibility.

Reserves policy

The Board of Trustees has agreed that the minimum level of free reserves that the charity should keep will be equivalent to three months’ operating costs, currently estimated at £108,000.

Total funds held at 31 May 2022 were £334, 161 of which £150, 816 were unrestricted.

The financial reserves will enable the charity to meet future commitments and unforeseen expenses without a negative impact on its ability to deliver core services or develop the business in the manner planned. The trustees have agreed that any reserves accrued above the target amount will be used for the following purposes:

Charitable funders and supporters

STV wishes to recognise and thank all of its funders and supporters, listed below for the year June 2021 to May 2022. Without the support of our funders, we would not be able to deliver any of our valuable work, transforming lives of marginalised individuals through volunteering and community engagement:

ABF The Soldiers Charity Holywood Trust Alpkit Hugh Fraser Foundation Armed Forces Covenant Fund Trust National Lottery Community Fund Bristol City Council Pilgrim Trust Charles Hayward Foundation Prince of Wales Charitable Trust Cumbria Community Foundation Robertson Trust Cumbria County Council Rotary Club Department for Work & Pensions St James’s Place Foundation Drapers Charitable Foundation Swire Charitable Trust Edward Gostling Foundation Veterans’ Foundation ESF Worshipful Company of Builders Merchants Gannochy Trust

The charity also wishes to acknowledge and thank the individual donors who supported the charity during the financial year.

Structure, governance and management

The association was registered under the Companies Act 1985 on 24 May 1994 as a company limited by guarantee and not having a share capital. The association is registered with the Charities Commission in England & Wales and from 26 June 2009 it has also been registered with the Office of the Scottish charity Regulator. The charity is governed by the Memorandum and Articles of Association.

6

Step Together Volunteering Ltd.

Report of the trustees

For the year ended 31 May 2022

The charitable company passed a special resolution on 19 April 2016 changing its name to Step Together Volunteering Ltd.

The Board of Trustees is committed to meeting the new Charity Code of Governance as this will strengthen the management of STV. Work is planned for the coming financial year to achieve further compliance with the principles of the Code.

STV’s Board of Trustees is currently comprised of 8 people, with a broad range of skills and professions, including legal, finance, fundraising, marketing, social services, justice, civil service and voluntary sectors.

The staff team is managed by a small management team based in Bristol comprising the Chief Executive and the Operations Manager. The central team also includes an Administration and Communications Officer, and a Fundraising Officer. During the financial year all staff were homebased, enabling the charity to keep overhead costs to a minimum. Staff pay and benefits are reviewed annually by the Trustees.

STV is registered with the Fundraising Regulator and supports and adheres to the regulator’s Code of Practice. The charity is also registered with the Information Commissioner’s Office and complies with all Data Protection legislation.

Risk management and delegation

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate systems and controls are in place in order to mitigate those risks and to provide reasonable assurance against fraud and error. During the year the trustees have considered the major risks and systems have been put in place to mitigate their impact.

The charity has a Scheme of Delegation in place which defines which decisions are taken by the Board of Trustees and which are delegated to staff. The Schedule looks specifically at areas of strategy, risk management, legal obligations, organisational policies and procedures, variations to agreed budget and strategic use of reserves.

Public benefit

The Board of Trustees has given due consideration to Charity Commission published guidance on the operation of the public benefit requirement and confirm that these requirements are met by the charity.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

7

Step Together Volunteering Ltd.

Report of the trustees

For the year ended 31 May 2022

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the Trustees and signed on their behalf on 17 January 2023 by

Roger Donbavand

Dr Roger Donbavand Chair

8

Independent examiner's report

To the trustees of

Step Together Volunteering Ltd.

I report to the trustees on my examination of the accounts of Step Together Volunteering Ltd. (the charitable company) for the year ended 31 May 2022, which are set out on pages 11 to 25.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 44 (1) (c) of the 2005 Act and 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended) and the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

Godfrey Wilson Limited also provides bookkeeping and payroll services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

9

Independent examiner's report

To the trustees of

Step Together Volunteering Ltd.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 17 January 2023 Rob Wilson FCA Member of the ICAEW

For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

10

Step Together Volunteering Ltd.

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 May 2022

Note
Total income(and endowments)
Total expenditure
Net gains / (losses) on investments
Net income / (expenditure)
between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Income_(and endowments)_from:
Donations and legacies
Charitable activities
Investments
3
4
Expenditure on:
Raising funds
Charitable activities
6
7
29,901
-
34
336,821
29,935
14,732
-
388,689
-
-
-
-
Restricted Unrestricted
£
£
1,770
335,051
-
403,421		 29,901
-
34
336,821
29,935
14,732
-
388,689
-
-
-
-
Restricted Unrestricted
£
£
1,770
335,051
-
403,421		 29,901
-
34
336,821
29,935
14,732
-
388,689
-
-
-
-
Restricted Unrestricted
£
£
1,770
335,051
-
403,421
403,421
- -
(66,600)
9,028
240,917
183,345
(57,572)

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 14 to the accounts.

11

Step Together Volunteering Ltd.

Balance sheet

As at 31 May 2022

Note
10
11
12
Net current assets / (liabilities)
Net assets / (liabilities)
13
14
Total charity funds
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
Funds
Restricted funds
Unrestricted funds
General funds		 £
34,708
310,304
345,012
(10,851)		 -
334,161
334,161
183,345
150,816
334,161
2022
£		 -
81,465
297,923
379,388
(8,562)
2021
£

370,826
370,826
240,917
129,909
370,826

Total charity funds

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the Trustees on 17 January 2023 and signed on their behalf by

Scharmarie Van Der Vyver Treasurer

12

Step Together Volunteering Ltd.

Statement of cash flows

For the year ended 31 May 2022

Net cash provided by / (used in) operating activities
Net cash provided by / (used in) investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Loss / (profit) on the sale of fixed assets
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from investments
Purchase of tangible fixed assets		 (36,665)
87,711
12,347
47,703
34
100
-
-
-
-
34
100
12,381
47,803
297,923
250,120
310,304
297,923
2022
£
2021
£
-
(34)
-
46,757
2,289
-
(100)
-
(35,255)
(4,653)

13

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Step Together Volunteering Ltd. meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executors to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probably when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have been met, then the legacy is treated as a contingent asset and disclosed if material.

Income received in advance of provision of service is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

14

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis:

ities on the following basis:
2022 2021
Raising funds 3.7% 12.8%
Charitable activities 96.3% 87.2%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: Office equipment 4 years straight line

Items of equipment are capitalised where the purchase price exceeds £1,000.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

15

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Pension costs

The employees of the charity are entitled to join a defined contribution pension scheme operated by Scottish Widows, unless they have exercised their right to opt out of scheme membership.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Depreciation

As described in note 1(i) to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. Depreciation rates in operation during the current and prior period were as follows:

Office equipment

4 years straight line

16

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

2.
Prior period comparatives
Total income
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
3.
Income from donations and legacies
Income from:
Donations and legacies
Charitable activities
Investments
Expenditure on:
Raising funds
Charitable activities
Job Retention Scheme
Small donations < £1,000
Swire Charitable Trust
Job Retention Scheme
Small donations < £1,000
Swire Charitable Trust
Worshipful Company of Builders Merchants		 21,064
413,145
-
434,209
35,216
375,587
410,803
23,406
-
23,406
21,064
Restricted
£
Restricted
£
1,170
600
-
1,770
Restricted
£
21,064
-
-
-		 32,135
-
100
32,235
13,258
(45,328)
(32,070)
64,305
-
64,305
32,135
Unrestricted
£
Unrestricted
£
-
4,901
25,000
29,901
Unrestricted
£
3,139
3,003
25,000
993		 53,199
413,145
100
466,444
48,474
330,259
378,733
87,711
-
87,711
2021
Total
£		 53,199
413,145
100
466,444
48,474
330,259
378,733
87,711
-
87,711
2021
Total
£
2022
Total
£
1,170
5,501
25,000
31,671
2021
Total
£
24,203
3,003
25,000
993
53,199

17

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

4. Income from charitable activities

ABF The Soldiers Charity
Access to Work
Alpkit
Armed Forces Covenant Fund Trust
Bristol City Council
Charles Hayward Foundation
Cumbria Community Foundation
Cumbria County Council
Department for Work & Pensions
Drapers Charitable Fund
Edward Gostling Foundation
ESF
Gannochy Trust
Help for Heroes
Henry Smith Charity
Holywood Trust
Hugh Fraser Foundation
National Lottery Community Fund
Nisbet Trust
Pilgrim Trust
Prince of Wales Charitable Trust
Quartet Community Fund
Robertson Trust
St James's Place Foundation
Veterans' Foundation
Warbutons		 335,051
-
Restricted Unrestricted
£
£
30,000
894
300
93,472
14,043
7,000
10,000
3,000
61,820
-
-
27,125
10,000
-
-
8,750
5,000
-
10,000
18,647
-
-
10,000
-
25,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 30,000
894
300
93,472
14,043
7,000
10,000
3,000
61,820
-
-
27,125
10,000
-
-
8,750
5,000
-
10,000
18,647
-
-
10,000
-
25,000
-
335,051
413,145
2022
Total
£
2021
Total
£
-
-
-
136,771
-
-
-
-
-
15,000
3,750
11,660
10,000
20,000
30,000
17,500
5,000
88,040
-
4,236
1,500
10,000
10,000
15,000
25,000
9,688

All income from charitable activities in the prior period was restricted.

5. Government grants

The charitable company receives government grants defined as funding from local authorities and government departments to fund charitable activities. The total value of such grants in the year ending 31 May 2022 was £80,033 (2021: £112,243). There are no unfulfilled conditions or contingencies attaching to these grants.

18

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

6. Total expenditure

Sub-total
Allocation of support and governance costs
Total expenditure
Total governance costs were £6,303 (2021: £5,056).
Staff costs (note 8)
Travel and subsistence
Communication and IT
Printing, postage and stationery
Recruitment
Staff training
Monitoring and evaluation
Rent and rates
Insurance
Audit and accountancy
Professional fees
Subscriptions
PR & Marketing
Bank charges
Miscellaneous costs		 10,496
4,236
14,732
Raising funds
£
10,035
28
261
98
-
24
-
-
-
-
-
50
-
-
-		 276,906
111,783
388,689
Charitable
activities
£
225,898
16,977
10,408
1,454
175
7,290
6,609
-
1,008
-
5,812
410
75
-
790		 116,019
(116,019)
-
Support and
governance
costs
£
91,245
2,987
7,366
140
-
533
-
1,133
2,295
6,860
1,849
840
-
96
675		 403,421
-
403,421
2022 Total
£
327,178
19,992
18,035
1,692
175
7,847
6,609
1,133
3,303
6,860
7,661
1,300
75
96
1,465		 403,421
-
403,421
2022 Total
£
327,178
19,992
18,035
1,692
175
7,847
6,609
1,133
3,303
6,860
7,661
1,300
75
96
1,465

19

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

6. Total expenditure

Sub-total
Allocation of support and governance costs
Total expenditure
Staff costs (note 8)
Travel and subsistence
Communication and IT
Printing, postage and stationery
Recruitment
Staff training
Monitoring and evaluation
Rent and rates
Insurance
Audit and accountancy
Professional fees
Subscriptions
PR & Marketing
Bank charges
Miscellaneous costs		 33,367
15,107
48,474
Raising funds
£
33,258
-
59
-
-
-
-
-
-
-
-
50
-
-
-		 227,331
102,928
330,259
Charitable
activities
£
198,927
7,007
6,555
230
1,210
1,002
11,042
-
541
-
216
284
-
-
317		 118,035
(118,035)
-
Support and
governance
costs
£
89,470
205
10,173
320
-
383
1,680
3,026
2,396
5,525
2,941
535
800
90
491		 378,733
-
378,733
2021 Total
£
321,655
7,212
16,787
550
1,210
1,385
12,722
3,026
2,937
5,525
3,157
869
800
90
808

20

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

7. Net movement in funds

This is stated after charging:
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration
Independent examination (including VAT)
Other services		 2022
£
2021
£
2,100
4,203
1,920
3,136
-
-
148
790
-
-

8. Staff costs and numbers Staff costs were as follows:

Staff costs and numbers
Staff costs were as follows:
2022 2021
£ £
Salaries and wages 294,452 291,923
Social security costs 20,515 17,602
Pension costs 12,211 12,130
327,178 321,655
No employee earned more than £60,000 during the year (2021: nil).
The key management personnel of the charitable company comprise the Trustees and Chief Executive
Officer. The total employee benefits of the key management personnel were £56,833 (2021: £62,139).
2022 2021
No. No.
Average head count 15 13

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

21

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

10. Tangible fixed assets
At 31 May 2022
At 31 May 2022
At 31 May 2021
11. Debtors
12. Creditors : amounts due within 1 year
Cost
At 1 June 2021
Additions in year
Disposals
Depreciation
At 1 June 2021
Charge for the year
On disposals
Net book value
At 31 May 2022
Trade debtors
Prepayments
Accrued income
Other debtors
Trade creditors
Accruals
PAYE and national insurance
Pension liability
Other creditors		 34,708
10,851
2022
£
2022
£
-
864
33,844
-
699
3,120
4,885
2,128
19		 Office
£
8,103
-
-
8,103
8,103
-
-
8,103
-
-
81,465
2021
£
65,000
4,571
6,802
5,092
8,562
2021
£
198
2,160
3,750
2,454
-

22

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

13. Analysis of net assets between funds
Net assets at 31 May 2022
Prior period comparatives
Current assets
Current liabilities
Net assets at 31 May 2021
Current assets
Current liabilities		 183,345
-
183,345
Restricted
funds
£
Restricted
funds
£
240,917
-
240,917		 161,667
(10,851)
150,816
Unrestricted
funds
£
Unrestricted
funds
£
138,471
(8,562)
129,909		 345,012
(10,851)
334,161
Total
funds
£
Total
funds
£
379,388
(8,562)
370,826

23

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

14. Movements in funds

Total restricted funds
Total unrestricted funds
Total funds
Restricted funds
Supporting young people
Rehabilitation of ex-offenders
Wounded, injured and sick service
personnel and veterans
Unrestricted funds
General funds		 240,917
129,909
129,909
370,826
At 1 June
2021
£
44,304
22,649
173,964		 Income
£
90,173
83,683		 Expenditure
£
(143,505)
(89,287)		 Transfers
between
£
9,028		 At 31 May
2022
£
-
17,045
-
162,965 (170,629) - 166,300

336,821
29,935
29,935
366,756		 (403,421)
-
-
(403,421)		 9,028
(9,028)
(9,028)
-
183,345
150,816
150,816
334,161

Purposes of restricted funds Supporting young people

To provide support to young people with complex needs in Bristol, Greater Manchester and Dumfries & Galloway, to move their lives forward through engagement in community volunteering placements which meet their personal needs and challenges.

Rehabilitation of ex-offenders

To provide support to people whose criminal convictions are preventing them from moving forwards with their lives and building a future away from the criminal justice system.

Veterans and Personnel on Recovery Duty (PRD)

To provide support to veterans and PRD across England, to engage in community volunteering placements which will support their recovery process and transition to civilian life.

24

Step Together Volunteering Ltd.

Notes to the financial statements

For the year ended 31 May 2022

14. Movements in funds (continued)
Prior period comparatives
Total restricted funds
Total unrestricted funds
Total funds
Restricted funds
Supporting young people
Rehabilitation of ex-offenders
Wounded, injured and sick service
personnel and veterans
Unrestricted funds
General funds		 182,346
100,770
100,770
283,116
At 1 June
2020
£
24,289
15,221
142,836		 186,030
406,221
60,223
60,223
466,444
Income
£
152,705
67,486		 (154,902)
(347,650)
(31,084)
(31,084)
(378,734)
Expenditure
£
(132,690)
(60,058)		 -
-
-
-
-
-
-
Transfers
between
£		 173,964
240,917
129,909
129,909
370,826
At 31 May
2021
£
44,304
22,649

15. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 -
-
-
-
-
-
2022
£
2021
£

16. Related party transactions

There were no related party transactions in the current or prior reporting period.

25