##
|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|
|10.|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|
##
|11.|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|
##