2022-03-31-accounts - Step Development Trust

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			Page
Reference and administrative		information
Report ofthe Trustees			2-7
Independent examiner's	report		8-9
Consolidated statement	offinancial activities		tg
Charity statement offinancial		activities
Balance sheets			12—13
Statement ofcash Ilows			14
Notes to the financial statements			15-27

Trustees	Trustees				GJ Silverwood
					BM Horsman
					DSPatterson
					SG Tarff
					SCAbrahams
Secretary					J Comer
Key Management				Personnel	JCorner
					K Hibberd
					R Hunt
Company		Number			03339143
Charity	Number				1062058
Registered			Onice		The Venue
					650Manchester	Road
					Stocksbridge
					Sheffield
					636 1DY
Bankers					Unity Trust Bank	pic
					Nine Brindleyplace
					Birmingham
					BR12HB
Independent			Examiner		H Jones ACA
					Hart Shaw LLP
					Europe Link
					Sheffield Business Park
					Sheffield
					691XU

				2022	2021
				Unrestricted	Unrestricted
INCOME AND	ENDOWMENTS		FROM:	funds 5	funds f
Charitable activities				407,412	415,701
Other trading activities				262,675	253,644
Investments
Total				670,087	669,345
EXPENDITURE	ON:
Raising funds				190,017	136,939
Charitable activities				465,969	397,463
Other				2,786	11,300
Total				658,772	545,702
Net income for	the year before		transfers	11,315	123,643
Transfers between funds
				11,315	123,643
Other recognised losses:
Losses on revaluation		offixed assets
Net movement	in funds			11,315	123,643
Balance brought forward at 1 April 2021				1,005,144	881,501
Balance canied	forward at 31 March 2022			1,016,459	1,005,144

		Note	2022	2021
			Unrestricted	Unrestricted
			funds	funds
INCOME AND ENDOWMENTS	FROM:
Charitable activities		3	521,242	532,175
Investments
Total			521,242	532,175
EXPENDITURE ON:
Charitable activities		6	496,789	430,925
Other			2,786	11.300
Total			499,575	442,225
Net income for the year before transfers			21,667	89,950
Transfers between funds
			21,667	89,950
Other recognised losses:
Losses on revaluation offixed assets
Net movement in funds			21,667	89,950
Balance brought forward at 1 April 2021			1,309,560	1,219,610
Balance camed forward at 31	March 2022		1,331,227	1,309,560

				Group	Group	Charity
			Note	2022	2021	2022	2021
					6	6	6
Fixed assets
Tangible assets			10	789,569	840,155	789,569	840,155
Investments			11		250,000	1	250,001
				789,569	1,090,155	789,570	1,090,156
Current assets
Stocks			14	3,244	677
Debtors			15	56,468	50,039	518,475	468,718
Cash at bank and	in	hand		286,431	246,710	90,627	99,201
				346,143	297,426	609,102	567,919
Creditors: amounts		falling due within
one year			16	119,253	212,815	67,445	178,893
Net current assets				226,890	84,611	541,657	389,026
Total assets less	current liabilities			1,016,459	1,174,766	1,331,227	1,479,182
Creditors: amounts		falling due after
more than one year			17		169,622		169,622
Net assets				1,016,459	1,005,144	1,331,227	1,309,560
Funds
Restricted funds			19
Designated funds
Capital fund				789,569	899,316	789,569	899,316
Revaluation	reserve
				789,569	899,316	789,569	899,316
General reserves				226,890	105,828	541,658	410,244
Unrestricted funds			20	1,016,459	1,005,144	1,331,227	1,309,560
				1,016,459	1,005,144	1,331,227	1,309,560

			Note	2022 8		2021 f	f
Cash flows from operating	activities
Cash generated from operations			22		51,191		180,929
Investing activities
Purchase oftangible fixed assets				(2,055)		(4,558)
Proceeds from disposal ofInvestment		property		250,000
Interest received
Net cash used in investing	activities				247,945		(4,558)
Financing activities
Interest paid				(949)		(5,944)
Repayment ofloans				(258,466)		(3,856)
Net cash used in financing	activities				(259,415)		(9,800)
Net increase in cash and cash
equivalents					39,721		166,571
Cash and cash equivalents	at beginning	ofyear			246,710		80,139
Cash and cash equivalents	at end ofyear				286,431		246,710

Group	(2022)	(2022)			Depreciation
				Staffcosts	costs	Other costs	Total
				6	6	8	6
Education		and training
Nursery	and other charitable		activities	324,512	52,640	88,817	465,969
				324,512	52,640	88,817	465,969
Charity	(2022l				Depreciation
				Staffcosts 6	costs f	Other costs	Total
Education		and training
Nursery	and other charitable		activities	355,332	52,640	88,817	496,789
				355,332	52,640	88,817	496,789
Group	(2021)				Depreciation
				Staffcosts	costs	Other costs	Total
					6
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	costs	Other costs	Total
				6		6	6
Education		and training				1,490	1,490
Nursep	and other charitable		activities	320,615	41,641	67,179	429,435
				320,615	41,641	68,669	430,925

Net income/(	expenditure) for the year	expenditure) for the year
This is stated	after charging:		Group		Charity
			2022	2021	2022	2021
			8		8	8
Depreciation			52,640	41,641	52,640	41,641
Interest payable on bank		loans	616	2,105	616	2,105
Interest payable on loans		from other organisations	7,659	11,165	7,659	11,165
Independent	examiner's	remuneration	2,438	11,300	2,438	11,300
And aRer crediting:					6	f
Bank interest	received

Staffcosts and numbers	Staffcosts and numbers	2022	2021
Salaries and wages		366,248	313,619
Social security costs		17,239	16,787
Detned contribution	pension schemes	5,703	2,121
Other staff costs
		389,190	332,527

The avera	ge	number ofemployees on the payroll was as	follows:
			2022	2021
			No	No
Management		and financial	2	2
Trading activities			2	4
Charitable	activities		11	12
			15	18

Tangible fixed assets
	Freehold land	Leasehold	Office
Group and Charity	and buildings	land and	equipment	Total
		buildings
		6
Cost
At 1 April 2021	1,152,033	3,392,918	335,515	4,880,466
Additions			2,055	2,055
At 31 March 2022	1,152,033	3,392,918	337,570	4,882,521
~DI II
At 1 April 2021	496,316	3,212,266	331,729	4,040,311
Charge for the year	24,374	22,731	5,536	52,641
At 31 March 2022	520,690	3,234,997	337,265	4,092,952
Net book value
At 31March 2022	631,343	157,921	305	789,569
At 31 March 2021	655,717	180,652	3,786	840,155

Investments
Group	Investment	Subsidiary		Total
	property	undertaking
	6		E
Valuation
At 1 April 2021	250,000			250,000
Disposal	(250,000)			(250,000)
At 31 March 2022
Charity	Investment	Subsidiary		Total
	properly	undertaking
	6		E
Valuation
At 1 Apdil 2021	250,000			250,001
Disposal	(250,000)			(250,000)
At 31 March 2022

		2022	2021
		E	E
Cost			411,758
Accumulated	depreciation		195,331
			216,427

Itoperates the	STEP Business Centre in Deepcer end T	he Venue in Stocksbridge. Its trading resul	ts are:
		2022	2021
		E	6
Turnover		262,675	253,644
Cost ofsales		(13,543)	(2,005)
Gross profit		249,132	251,639
Administrative	expenses	(259,484)	(217,947)
Net profit/(loss)	for the year	(10,352)	33,692
Net liabilities		(314,766)	(304,417)

13.	Financial	instrum	ents
								Group		Charity
								2022f	2021 8	2022	2021 6
	Carrying	amount	of	financial			assets
	Debt instruments		measured			at amortised cost		20,762	8,654	505,276	445,493
	Equity instruments		measured				atcost less
	impairment
	Carrying	amount	of	financial			liabilities
	Measured	at amortised			cost			68,262	322,776	35,684	295,719
14.	Stocks
								Group		Charity
								2022 6	2021f	2022	2021 5
	Finished goods							3,244	677
15.	Debtors
								Group		Charity
								2022f	2021 6	2022	2021 6
	Trade debtors							20,762	8,654	11,836	1,510
	Amounts	owed by subsidiary					company			493,440	443,983
	Prepayments							35,706	41,385	13,199	23,225
								56,468	50,039	518,475	468,718
16.	Creditors:	amounts		falling		due within one year
								Group		Charity
								2022	2021	2022	2021
								6	6		6
	Trade creditors							46,335	51,165	35,323	41,250
	Tax and social security							8,054	19,035	3,298	14,079
	Accruals and deferred				income			42,937	41,958	28,463	38,718
	Loans								81,518		81,518
	Other creditors							21,927	19,139	361	3,328
								119,253	212,815	67,445	178,893

									Group		Charity	Charity
									2022	2021	2022		2021
									F	E		E	E
Loans										169,622			169,622
Aggregate		amounts		repayable		by instalments
falling due		aRer more than five				years included
above
The Group		and	Charity		have	secured	loans	totalling	Fnil (2021 - E190,840).		The loans	are secured by
charges on		the Group's and the Charity's					freehold and		investment	properties.
Analysis	ofGroup			net assets		between	funds
2022								Fixed	assets	Net current	Long-term		Total
										assets	liabilities
										E		E
Designated		funds						789,569					789,569
General reserves										226,890			226,890
Total								789,569		226,890			1,016,459
2021								Fixed	assets	Net current	Long-term		Total
										assets	liabilities
									E	E
Designated		funds						1,090,155		(68,111)	(122,728)		899,316
General reserves										152,722	(46,894)		105,828
Total								1,090,155		84,611	(169,622)		1,005,144

Unrestricted	funds
Group		Balance	Movement	in resoumes	Revaluation	Transfers	Balance
		1 April 2021f	Incoming	Outgoing	ofproperty	between funds 5	31 March 2022f
General reserves		105,829	670,087	(658,772)		109,746	226,890
Designated	funds
Capital fund		899,315				(109,746)	789,569
Revaluation	reserve
		1,005,144	670,087	(658,772)			1,016,459
Charity		Balance	Movement	in resources	Revaluation	Transfers	Balance
		1 April 2021	Incoming	Outgoing	ofproperty	between funds	31 March 2022
		5
General reserves		410,245	521,242	(499,575)		109,746	541,658
Designated	funds
Capital fund		899,315				(109,746)	789,569
Revaluation	reserve
		1,309,560	521,242	(499,575)			1,331,227

			2022	2021
			6
Net income for the	year		11,315	123,643
Adjustments for:
Interest payable			8,275	13,270
Depreciation oftangible		fixed assets	52,641	41,641
Movements in working		capital:
(Increase)/decrease	in	stocks	(2,567)	1,605
(Increase)/decrease	in	debtors	(19,271)	28,108
Increase/(decrease)	in	creditors	798	(27,338)
Cash generated from		operations	51,191	180,929