2021-03-31-accounts - Step Development Trust

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Reference and administrative information
Report ofthe Trustees	2 —7
Independent examiner's report
Consolidated statement offinancial activies
Charity statement offinandal activities	10
Balance sheets	11 —12
Statement ofcash tlows	13
Notes to the financial statements	14-26

Trustees				GJSlverwood
				B M Horsman
				DSPatterson
				SG TarP
				SCAbrahams
				JCorner
Key Management			Personnel	JCorner
				K Hibberd
				RHunt
Company	Number			03339143
Charity Number				1062058
Registered		Office		The Venue
				650Manchester	Road
				Stocksbrldge
				ShePield
				S361DY
				Unity Trust Bank	pic
				Nine Brlndleyplace
				Birmingham
				BR1 2HB
Independent		Examiner		H Jones ACA
				Hart Shaw LLP
				Europa Link
				Sheffleld Business Park
				Sheffleld
				S91XU

				Note	2021	2020
					Unrestricted	Unrestrfcted
					funds	funds
INCOME AND ENDOWMENTS			FROM:		6	6
Charitable acdvities				3	415,701	397,892
Other trading activities				4	253,844	271,914
Investments
Total					669,345	669,806
EXPENDITURE ON:
Raising funds					136,939	232,258
Charitable activities					397,463	452,208
Other					11,300	7,473
Total					545,702	691,939
Net income/(expenditure)		for the year before transfers			123,643	(22,133)
Transfers between funds
					123,643	(22,133)
Other recognised losses:
Losses on revaluation	offixed assets
Net movement In funds					123,643	(112,133)
ISalance brought forward		at 1	A@112020		881,501	993,B34
Balance carried forward at 31			March 2021		1,005,144

	Note	2021	2020
		Unrestricted	Unrestricted
		funds	funds
INCOMING AND ENDOWMENTS FROM:		6	8
Charitable aotiviaes	3	532,175	514,366
Investments
Total		532,175	514,366
EXPENDITURE ON:
Charitable activities	6	430,925	485,872
Other		11,300	7,473
Total		442,225	493,145
Net Income forthe year before transfers		89,950	21,221
Transfers between funds
			21,221
Other recognised losses:
Losses on revaluation offixed assets
Net movement in funds		89,950	(68,779)
Balance brought fonvard at 1April 2020		1,219,610	1,288,389
Balance can1ed forward at 31March 2021		1,309,560	1,219,610

					Group	Group	Charity
				Note	2021 6	2020 f	2021	2020 8
Fixed assets
Tangible assets				10	840,155	877,238	840,155	877,238
Investments				11	250,000	250,000	250,001	250,001
					1,090,155	1,127,238	1,090,156	1,127,239
Current assets
Stocks				14	877	2,282
Debtors				15	50,039	65,305	468,718	384,975
Cash at bank and		in	hand		246,710	80,139	99,201	49,449
					297,426	147,726	567,919	434,424
Creditors:	amounts		falling due within
one year				16	212,815	233,434	178,893	182,024
Net current	assets/(liabilities)				84,611	(85,708)	389,026	252,400
Total assets lees		current liabilities			1,174,786	1,041,530	1,479,182	1,379,839
Creditors:	amounts		falling due alter
more than	one year			17	169,622	160,029	169,622	160,029
Net assets					1,005,144	881,501	1,309,560	1,219,B10
Funds
Restricted funds
Designated funds
Capital	fund				899,316	940,590	899,316	940,590
Revaluation		reserve
					899,316	940,590	899,31B	940,590
General	reserves				105,828	(59,089)	410,244	279,020
Unrestricted	funds			20	1,005,144	881,501	1,309,MO	1,219,610
					1,005,144	881,501	1,309,560	1,219,610

							2020
				Note			6	8
Cash flows from operating		activities
Cash generated from operations								62,389
Investing activities
purchase oftangible fixed	assets				(4,558)		(15,272)
Interest received
Net cash used In investing		actMtles				(4,558)		(15,272)
Financing activities
Interest paid					(5,944)		(12,641)
Repayment ofloans					(3,856)		(87,031)
Net cash used in financing		activities				(9,800)		(99,872)
Net Increase/(decrease)	In cash and cash
equivalents						166,571		(52,555)
Cash and cash equivalents		at beginning	ofyear			80,139		132,894
Cash and cash equivalents		at end ofyear				246,710		80,139

Education and training
Nursery and other charitable activies


Group	(2021)			Depredation
			Staffcosts f	costs	Other costs f	Totalf
Education and training					1,490	1,490
Nursery	and other charitable	activities	287,151	41,641	67,181	395,973
			287,151	41,641	68,671	397,463
Charity	(2021)			Depreciation
			Staffcosts f	costs f	Other costs f	Totalf
Education and training					1,490	1,490
Nursery	and other charitable	activities	320,615	41,641	67,179	429,435
			320,615	41,641		430,925
Group	(2020)			Depreciation
			Staffcosts f	costs f	Other costs f	Totalf
Education and training					3,434	3,434
Nursery	and other charitable	activities		50,571	103,295	448,774
				50,571	106,729	452,208
Charity	(2020)			Depreciation
			Staffcosts f	costs f	Other costs f	Total
Education and training					3,434	3,434
Nursery	and other charitable	activities	328,372	50,571	103,295	482,238
			328,372	50,571	106,729	485,672

Net Incomef(expenditure) for the year	Net Incomef(expenditure) for the year
This Is stated after charging:		Group		Charity
		2021	2020	2021	2020
		8	8	8	8
Depreciation		41,641	50,571	41,641	50,571
Interest payable on bank	loans	2,105	2,661	2,105	2,661
Interest payable on loans	from other organisabons	11,165	9,980	11,165	9,980
Independent examiner's	remuneradon	11,300	3,750	11,300	3,750
And after crediting:


Staff costs and num	bers	2021f	2020
Salaries and wages		313,619	310,478
Social security costs		18,787	17,250
Defined contribution	pension schemes	2,121	1,984
Other staff costs			28,574
		332,527	358,286

The avera	ge	number ofemployees on the payroll was as	follows:
			2021	2020
			No	No
Management		and financfal	2	2
Trading activities			4	4
Charitable	activities		12	12
			18	18

Tangible Axed assets
	Freehold land	Leasehold	Office
Group and Charity	and bufidlngs	land and	equipment	Total
		buildings
		f
At 1 April 2020	1,152,033	3,392,918		4,875,908
Additions				4,558
At 31March 2021	1,152,033	3,392,918		4,880,466
~ri Ilgg
At 1 April 2020	473,577	3,197,335	327,758	3,998,670
Charge for the year	22,739	14,931	3,971	41,641
At 31March 2021	496,318	3,212,266	331,729	4,040,311
~kk kk kryo
At 31March 2021	655,717	180,652	3,786	840,155
At 31 March 2020	678,456	195,583	3,199	877,238

Investments
Group	Investment	Subskllary	Total
	property	undertaking
		6
Malua&u
At 1 April 2020	250,000		250,000
At 31 March 2021	250,000		260,000
Charity	Investment	Subsidiary
~l	pl'op arty 6	undertaking 6
At 1 April 2020		1	250,001
At 31 March 2021	250,000	1	260,001

				2021	2020
				6	6
Cost				411,758	411,758
Accumulated	depredation			195,331	187,096
				216,427	224,662
ubsidiary
STEP Business Itoperates the		Enterprises Umited (compsny number 05079143)is the Charity's STEP Business Centre in Deepcar and The Venue In Stocksbrldge.		wholly owned subsidiary. Its trading results are:
				2021	2020
				f	6
Turnover				253,644	271,912
Cost ofsales				(2,005)	(24,780)
Gross profit				251,639	247,042
Adminstrative		expenses		(217,947)	(290,399)
interest payable and similar			expenses
Net profit/(loss)		for the year		33,692	(43,357)
Net llabifities				(304,417)	(338,109)

							Group		Charity
							2021	2020	2021	2020
							6	8	6	2
	Carrying	amount	offlnandal			assets
	Debt instruments		measured		at amoriised cost		8,654	27,734	445,493	365,578
	Equity instruments		measured			atcost less
	impairment								1
	Carrying	amount	offinancial			liabilities
	Measured	at amortised cost					322,776	315,335	295,719	290,208
14.	Stocks
							Group		Charity
							2021	2020	2021	2020
							8	8	2
	Finished goods							2,282
15.	Debtors
							Group		Charity
							2021	2020	2021	2020
								0		6
	Trade debtors						8,654	27,734	1,510	5,767
	Amounts owed by		subsidiary		company				443,983	359,811
	Prepayments						41,385	37,571	23,225	19,397
							50,039	65,305	468,718	384,975
16.	Creditors:	amounts		falling due within one year
							Group		Charity
							2021	2020	2021	2020
							8	Z	8	8
	Trade creditors						51,165	51,842	41,250	40,718
	Tax and sodal security						19,035	14,686	14,079	8,931
	Accruals and deferred			income			41,958	63,442	38,718	42,914
	Loans						81,518	87,641	81,518	87,641
	Other creditors						19,139	15,823	3,328	1,820
							212,815	233,434	178,893	182,024

				Group		Charity
				2021	2020	2021	2020
				8	8	8	8
Loans				169,822	180,029	189,822	160,029
Aggregate	amounts	repayable	by instalments
falling due	after mare	than five	years Induded
above

Analysis o	fGroup net assets	funds
		Fixed assets	Net current	Long-term	Total
			assets	liabilities
			8
Designated	funds	1,090,155	(68,111)	(122,728)	899,318
General reserves			152,722	(46,894)	105,828
Total		1,090,155	(84,611)	(169,622)	1,005,144

Group			Balance		Movement	In resources		Revaluation	Revaluation	Transfers	Balance
			1 April 2020		Incoming	Outgoing		ot property		between funds	31 March 2021
			6		6		2				6
General reserves			(59,089)		669,345	(545,702)				41,274	105,828
Designated funds
Capital fund			940,590							(41,274)	899,316
Revaluation reserve
			881,501		669,345	(545,702)					1,005,144
Charity			Balance		Movement	In resources		Ravesustkxc		Transfem	Balance
			1 April 2020		Incoming	Outgoing		ofproparty		between funds	31 March 2021
			6		6					6	E
General reserves			279,020		532,175	(442,225)				41,274	410,244
Designated funds
Capital fund			940,590							(41,274)	899,318
Revaluation reserve
			1,219,610		532,175	(442,225)					1,309,560
Capltalfund
The capital designated fund represents that part ofthe Charity's funds invested and thus unavailable for current programme costs or future development. ~the fixed asset fund and general reserves equal to the net movement									In property and related asset Each year a transfer is mad on fixed assets afier allowing
for any grant and loan		finance used for		capital expenditure.
Related party transactions
Remuneration of	key	management personnel
The remuneration	cfkey management			personnel is as follows:
										2021f	2020 6
Aggregate compensatke										104,910	104,891

				2020
				K
Net Income/(expenditure)		for the year	123,643	(22,133)
Adjustments for:
Interest payable			13,270	12,641
Depredation oftangible		fixed assets	41,641	50,671
Movements in wortdng		capital:
Decrease in stocks			1,605	412
Decrease/(increase)	in	debtors	28,108	(5,219)
(Decrease)fincrease	in	creditors	(27,338)	26,117
Cash generated from		operations	180,929	62,389