Charity Registration No. 1094343 (England and Wales} Charity Registration No. SC049759 {Scotland} Comparry Registration No. 04379997 (England and Wales) STEPS CHARITY WORLDWIDE (A Company Limited by Guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
STEPS CHARITYWORLDWIDE Contents Page Legal and Administrative Infonnation Trustees Report Independent Examiner's Report statement of Financial Activtties Balance Sheet 10 Notes to the Financial Statements 11-20
STEPS CHARITY WORLDWIDE Page I LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr H Bansal (Chainnan) (From 30 January 2023) Mrs V Boulton elf1 Chair) Mr M Atkinson (Resigned 5 March 2024) Mr W Mourad (Resigned 19 December 2023) Secretary Mrs L Guetg-lwatt (Resigned 7 February 2023> General Manager Mr K Sanderson (Appointed 2 January 2024) Charty Number 1094343 (England & Wales) SC049759 {Scotland) Company Number 04379997 Registered Office The White House Wilderspool Business Park Greenalls Avenue Warrington England WA4 6HL Independent Examln8r Danièlle Griffin FCA Moore (South) LLP Suite 3. SecoFKI Floor Friary Court 13-21 HTgh Street Guildford Surrey GU13DG Bankers Barclays Bank pl¢ Leicester LE87 2BB Solicitors Brabners Horton House Exchange Flags Liverpool L2 3YL Accountants Beyond Profrt G104 Bolton Arena Arena Apprh Bolton BL6 6LB
STEPS CHARITY WORLDWIDE Page 2 TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year end8d 31 March 2024. Structure, governance and management The charity is controlled by its goveming documen( Memorandum of Association: and constilutes a company, limited by guarantee. as defined by the Companies Act 2006. The trustees. who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr H Bansal Miss V Boumon Mr M Atkinson (Resigned 5 March 2024) Mr W Mcurad (Resigned 19 December 2023) Recruitm8nt and appointrnent of trustees Trustees can be elected by the existing Trustees at meetings. At each Annual General Me8ling one third of Truste8s must retire. but being eligible can offer themselves for re-election. Inductlon and tralnlng of newtrustees New Trustees are typically recruited from amongst the beneftiaties of the charty. health professionals or indNiduals with specific technical skills (IT. law. marketing. etc). The Board also reviews the skills of Trustees and will consider advertising for new Twstees to meet identified strategic needs All new Trustees are offere(l a personalised induction to enable them to be fulty conversant with the organisation. obligations under charity and company law. th8 memorandum and articles, the charity's operations, the staff struclure and responsibilities, financial monitoring and the strategic plan. Trustees are mad8 aware of and encouraged to attend appropriate ext8inal training events where these facilitate the undertaking of their role. Organisational Structure The Board of Trustees is responsible for the governance and overall management of the Charity. The Board meets periodically as needed and aims to m&t quarterly each year. The Trustees are responsible for the strategic direction of the chatity and overseeing all the areas of its operation. The Board of Trustees delegates aulhority to the General Manager. Kenneth Sanderson (previously Wirginia Boulton) for the efficient and effective day40-day operation of the charity. The General Manager is empowered to make decisions and delegate authority for operatb3ns and is required to escalate high risk and lor high impact issues for the timely attention and consideration of the Board. The Charity operates Within a medical environmenl. and therefore it can on occasions be requested to offer condition specific support. The Board has made the decision that any specific condition support should be passed directly to a relevant health professional rather than having an internal appointed Medical Committee to offer this support. Governance and internal control The Twstees continue to consider and identify the major risks to which the charity is exposed. This involves identifying the types of risks the charty faces, prioritising them in terms of potential impad and likelihood of occurrenc8 and identtfying means of reducing risks. The charivs system of internal controls are designed to provide reasonable but not absolute assurance against mat8rial misstalement or loss.. this indudes reviewing the Risk Register and MtilgIng strategies - the Risk Register was last fully reviewed and updated in June 2022 and a further review was undertaken at the December 2023 Board Meeting. The Trustees are satisfied that the systerns in place minimise their exposure to the major risks. The policies and ProdureS of the charity continue to be reviewed on a rolling basis. The Trustees hired an experienced General Manager to ensure that intemal contro]s and rtsk reviews are implemented on a regular basts going forward.
STEPS CHARITY WORLDWIDE Page 3 TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activities Steps is the On UK charity working for am of those that are born or acquire in childhood a lower limb condrtion. The charity was founded by Sue Banton in 1980. It was set up to provide support and information to farnili8s of children with lower limb condittons, like Development Dysplasia of the Hip (DDH), Congenital Talipes Equinovarus (dubfoot) or other lower limb conditions such as Fibular or Tibial Hemimelia. Proximal Femoral Focal Deficiency or Perthes. In 2002, we formed a charitable registered company and in 2003 the assets of the original charity were transferred to the new charitable company. The ams were the same except that. whilst the original charty was a children's charity. Ihe new charity can also support adults. This is because many childhood musculoskeletsl conditions of the lower limbs continue to affect adults- and. as children grow up. there is often a gap in knowledge and care provision. In November 2019 we registered Steps Charity Worldwide in Scotland. as a registered Scottish charity. At the same time. we registered our int8r8St to be become a charity in Northern Ireland. The Charity has decided not to pursue the application to become a Charity in Northem Ireland. As a means of consolidation and building reser¥es. the Board decided in 2022 to focus primarily on UK based Charitsble Acttvities and scaled back its inlernalional proieGls and international presence until it had time to prepare a longer term. fully costed. strategic plan. Our Vision We believe that all those affected by a childhood lower limb conditron, being thts congenital or acquired. should hav8 the very best Chan to achieve their maximum potenlial. Our mission is to ensure: that those affected by childhood Iow8r limb conditions are fully infomied and supported, from diagnosis to treatment. that there is widespread understanding of childhood lower limb conditions and of the challenges facing those affecled by them- that every efft)rt is made to improve treatrnent and support for childhood k)wer limb conditions from birth to adulthood. We do this: by providing practical and emotional support through our Steps Helpline and digital pSen. by ensuring that families are as fully informed as possible about the realities. challenges and options that lie ahead. a range of award-winning booklets, films and online resources" by offering a safe place to share concems and to beneftt from the experience of others, through our Family Contact servi and online comrnunity" by giving financial support to purchase specialist car seats for children; by increasing public awareness of childhood lower limb condiiions, through our communication actwities: by working 1th National Health Systems. to encourage best practice and to raise awareness of the issues concerning patients and their families- by striving for a better future. through our work with research projects lo increase understanding of. and improve treatrnent for, 811 aspects of childhood lower limb conditions. ACHIEVEMENT AND PERFORMANCE The Trustees have continued to monitor revenue and expenses on a monthly basis. and have continued to scale back projects, initiatNes and expenditure as required to secure the financial status of the Charity. During this reporting period. revenue and reserves both increased and the Trustees decided to recruit two new posts of General Manager and Fundraising Lead. These posts were filled in January 2024.
STEPS CHARITY WORLDWIDE Page 4 TRUSTEES REPORT (INCLUDING DIRECTORS, REPORn (continued) FOR THE YEAR ENDED 31 fklARCH 2024 Charitable Activities Our cor8 Service is our helpline infonnation service. This includes our phoneline. email information service, family support from our volunteer network. access to an invitation only online group and resources induding publications. videos and webinars. Each year we receive requests for support. These are mostly from parents but also from health professionals. family members and carers. Galls to the helpline are often from parents who are emotional and anxious, they need reliable inform8tion and reassurance vthile others find the reSoUrS they need online to answer their questions. Social media enquiries have increased year on year. and we expect this trend to continu8. We have updated our pamphlets. posters and other media to include links to infomiation through QR codes. We are moving fOard to update our communication methods and as can be seen from the figures shown below, these methods of engagement are producing high Ivrfels of interactton with many more people accessirKJ our help and support. Steps Facebook page visited by 16.000 people during the year. The "by invitation onty", Facebook page visited by 6.8CM) members in the period The 'adult condilion" Facebook page visited by 720 members. The fundraising groups page visited by 113 members. Instagram page visited by 4.41JO people. formerty Twitter. visited by 2,800 people Steps YouTube pages visited by 34.000 people. Our helpline services used by over 3.800 people in the wiod. Claire Furmedge Equipment Fund Through the Claire Furmedge Equipment Fund. the charity is able to offer grants to families to enable the purchase of car seats or harnesses for safe transportatton of children whilst in hip spica plaster casts. During the financial year. a number of beneficiaries have received car seats or harnesses. We are gratefijl to the famity and friends of Claire for continuing to support the Fund and donating an extraordinary arriount of money every year. The National Lottery Communlty Fund, England, Wales and Scotland The continued funding from the National Lottery in England. Wales and Scotland has allowed us to continue to offer the right help and support for familie5 in these ra)untsies thrOh a neork of local volunteers who 1Ved training and support to do this. The funding also helps recruit volunteers and supports our Helpline in delivery of support that parents require at the times they need it. The National Lottery support means we can continue offering the supply that our parents t811 us they need. Barbara Wards Children's Trust Similarly, the support from the Barbara Wards Children's Trust has meant thal the support parents tell us is of greatest value to them can be maintained and Improved through offering QR code links to online reports. articles and webinars as well as through more tradtiional printer material. Laila's Fund The Charity continues to fundraise for Laila's Fund. We to provide support and assistance for familiès that decide to have elective amputation irrespectNe of wh8ther this is caused by congenital condition. trauma or illness.
STEPS GHARITY WORLDWIDE Page 5 TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (continued) FOR THE YEAR ENDED 31 MARCH 2024 Step in Camp Fund The Chanty continues to fundraise forthe Step in Camp Fund. The Step in Camps are designed to offer activities and workshops to families affect by h)wer limb conditions where the whole family can step in and share medical. social and emotional experiences that will bring some comfort and support to these families. These Camps have been highty successful, and the Board are looking to run more camps in the future as funding and resources allow. Grants and Donations During the Financial year the Charity gratefulty received the following donations. Th8 Board would like to acknowledge all the invaluable support received and in particular recognise the generous contributions of the following Bodies & Organisations: The National Lottery Communty Fund £19.200 Barbara Wards Children's Charity £5,000 St James Place Charitable Foundation £2.500 AIB Communty Fund £2.500 The Grace Trust £1.000 The Casey Trust £1.000 The George Cadbury Trust £1.000 The Monica Rabagliati Trust £500 The charily is etemalty graleful for a high value donation of £10.000 re[ved during the year from an individual Miriam Salbestein. Mlriam's daughter was born with hip dysplasia and Miriam had found dIfFUlty in accessing relevant and recenl infom)ation regarding the condition and receiving the level of support needed. This was accessed through Sleps Worldwide so to show her gratitude and to 8nsuie funding was available to meet the needs of other parents in this kind of situation, Miriam made this generous donation. The charty continues to be thanlrful for the ongoing sponsorship support reiVed from Fi61dfisher a commercial partnerwhich amounted to £11.000 in the financial year. Increasing awareness through research projects. campaigns, conference5 and publicity We continue to be the principal parent's organisation on the advisory group of Public Health England's Newborn Infant Physical Examination programme (NIPE). Public Health England supports Ihe UK National Screening Committee and is responsible for the NHS Screening Programmes. We have played an active role in the roll out of the NIPE programme across the UK and presented the work of Steps at several regional workshops. This has increased awareness of the support ServIS the charity offers to health professionals on the frontline of identifying hip dysplasia. Research Proj8cts Research remains a key part of our work. We are currenlly participating in the following projects: Understanding of the experiences of children and thelr families when being treated for Perthes dlseas Adam Galloway. a paediatrtc physiotherapist and Visiting Academic Clinical Fellow at the Universty of Leeds, is contributing to a growing body of work researching the effectiveness of different surgical and non-surgical treatments. Adam has secured fvnding from the National Institute for Health Research (NIHR) lo complete a PhD to develop a digital rehabilitation programme of care in the fonn of an app which is accessible for all children with Perthes disease. The research is split up into three workstreams: 1. Qualitatp4e interviews with key stakeholders i[ludIng. chiklren. families. clinicians, clinical nurse specialists, physios and surgeons to understand the current expetiences of non-surgical care and identify gaps in non-surgical treatment. 2. Developing an app in conjunction with NHS Digital which will enable people to access infom*tion about Perthes and allow children lo log their exercise and other progress. 3. Testing the app with a group of patients and families attending the Children's Hospital in Leeds. to assess how useful it is as a non-surgical treatment.
STEPS CHARITYWORLDWIDE Page 6 TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (continued) FOR THE YEAR ENDED 31 MARCH 2024 The overall aim of the research. which is ongoing and WIN last four years in total, is to develop a better understanding of the experiences of childien and their families when being treated for Perthes disease. Working with organisations like STEPS helps Adam access patients and families affeded by Perthes. ensuring the voices of those most impacted by the disease are included. This infomiation, combined with the expert opinion of clinictans and the summary of existing eviden(x. will ensure that the decisions we make to treat children with Perthes in the futu are the best infomed. Flnanclal revlew During the year. the charity reped income of £235.556 which represents an increase of £33,832 on the previous year. The charity also reported a surplus in the current financial year of £75,083 (2023: £15.237) resulting in the charty having total reserves at the year*nd of £135,362 {2023 - £60.279). Our aim for 2023r24 was to continu8 to closely manage the financial position of the Charity to ensure long-term sustainabilty and as the financial position improve5, the chaTitable activities of Steps be improved to me8t increasing demand. The position has improved in the financial year and the Charity has retumed another surplus wilh an increase in reserves. In the financial year 2024 r25, the finances are in line with expectations however, the Trustees remain keen to monitor and control Costs while seeking to maximise revenues. We are so grateful for our many supporters, old and new as they have provided a signfficant part of our Income. We are very grateful to the commitment and tenacity of individuals in running marathons, holding coffee momings, participating in communty events and taking part in our awareness campaigns. We are also very grateful to conipanies, schools and nurseries who have selected Steps as their chosen charty. Funds At the year end lh8 charity had funds of £135.362 compared to £60.279 in March 2023. Unrestricted funds stood at £98.999 compared lo £23,387 in the previous year. The Trustees. reserves policy is to maintain a level of unrestricted funds that will enable the charity to ensure a continuty of activty. make certain that all existing comm?tments are fulfilled and protect against unforeseen changes in circumstan. In perfomiing their annual review of the reserves policy. the Trustees felt that it was also necessary to reflect th8 CUent economic climate facing the UK, in particular the increased rate of Inflation and the Cost-of-Living pressures faced by individuals and organisations. Th8 reserves policy for 2023r24 is therefore to aim to build unrestricted reseNes to £45,000 by the end of the financial year. It Is clear. this has been over achieved by appr0MatelY £54,000. This equated to between 5 and 6 months of core operation81 expenditure. This has enabled the Board to move forward and employ both a General Manager and a Lead Fundraising Officer on a part time basis. The Trustees continually review the financial forecasts viith the aim to maintain a robust financial plan allowing the charity to achieve its goals whilst maintaining reserves at a safe level. Trustees closely monitor reserves held by the Charity dunng the year and the reserves policy will be reviewed annually. Plans for tha future The Trustees are committed to developing and extending the work of the charty. to realise our vision that all those wilh a childhood lower limb condilion should have the very best chance lo achieve their MamuM potentiaI. We recognise the need to keep our long-tem) strategy under review. As part of the plans to expand our work. the trustees have unantmously decided to include 'Trauma' as part of the conditions th8 charty supporls. This bs bause of the need to assist children faced with an amputation or lower lirnb impairments due to an accident. The Charty have appointed an 8xperienced General Manager in January 2024 to support the Board of Trustees in achiemng the objectives of the Charity.
STEPS CHARITY WORLDWIDE Paqe 7 TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) {continuedJ FOR THE YEAR ENDED 31 MARCH 2024 Investment polic. Steps can make Investments that are within the guidelines and regulations issued from time to time by Ihe Charit! Commission. The charity holds funds in interest bearing bank accounts. Rlsk factors The tfustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risk& Thank you We would like to end the Trustees, report thanking our staff. volunteers, donors. partners, Injstees and health professionals we work with. We would not be able io conlinue with our work without their hard work and support. The role of General Manager vtss taken on by Kenneth Sanderson C1 the 2 January 2024. laking over from Virginia Boulton who acted as Chief Executive Officer from January 2023 until January 2024. We would like to Éhank her for her time and commitment fo the charity. Trustees, Responslbllities in Relation to the Financial Ststements The Trustees (who are also directors of Steps Charity Worldwide for the purposes of o)mpany law) are responsible for preparing the Trustees. Annual Report and the finanaal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genetally Accepted Accounting Practice). Company law requires the Trustees lo prepare financial statements for each financial year which glve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. induding the income and expenditure. of the charitable company for thal period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistenlly: observe the methods and principles in the appli(3ble Charities SORP 2019 (FRS 102)- make judgements and estimates that are reasonable and prudent.- state whether applicable UK Accounting Standards have been followed. subject to any malerlal departures disclosed and explained in the finanaal stalements.. prepare the financlal statements on Ihe going concem basis unless it is Inappropriaté to presume that the charity will continue to operate. I he Trustees are responsible for keeping adequate accounting records that disdose wlth reasonab!e" . accuracy at any lime the financial position of the company and enable them to ensure that the finaD. clai statements comply with the Companies Act 2006. They are also responsible for safeguardlng thè assets- OT the charitable cotnpany and hen for taklng reasonable steps for the prevention and detethon & : fraud and other Irregulariti. This report has been prepared In accordance with the Accounting and Rewl.ing b.y _ehantres- Statement of Recommended Practice applicable to chatittes preparing their arxx)unts.in"accordan with the Financial Reporting Standard 102. The Truslees have tsk8n the exempb()ns pemiitted by section 1A. In addition. the Trustees have tsken advantage of Ihe small compa.ntes' mPtICtS prledbY sediory. 415A of the Companies Act 2006. This Annual Report Was approved by Ihe Board of Trustee¥. tin behalf ty- and signed on Iheir . parHarinder Bansal Trustee and c.hairman
STEPS CHARITY WORLDWIDE Page 8 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPS CHARITY WORLDWIDE I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024. which are sel out on pages 9 10 20. Responsibilities and basis of report As the charity twstees of the company (and also ts directors for the putposes of MpanY law) you are r85ponsible for the pieparation of the accounts in acLordance with the requirements of the Companies Act 20C6 ('the 2006 Act.) and the Charities and Trustee Invesimenl {ScoUand) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. Having satisfied myselflhat the accounts of the company are not required to be audited under Part 16 of the 20C6 Act and that the charity trustees consider that the audit requirement of Regulation 10(1){a) to (c) of the Accounts Regulations does not apply. and are eltgible for independent examination, I report in r8spect of my exarnination of your CoMpanS acLounts as carried out under section 145 of the Chartties Act 2011 cthe 2011 A¢t'l and seclion 44(1)(c) of the Chartlies and Trustee Investment {Scolland) Act 2005. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examlnefs statement My examination is carried out in a¢¢ordance V1h Regulalion 11 of the 2006 Accounts Regulations. An examination indudes a review of the aouunting records kept by the d]arity and a comparison of the a¢¢ounts presented with Ihose records. It also indudes consideration of any unusual ilems or disdosures in the accounls and seeks explanations from the trustees conMing any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audil opinion on the view given by Ihe a(unts. I have completed my eXaminan. I confirm that no matters have come to my attention in ca)nnection wrth the examination giving me cause lo believe that in any material respect- A¢¢ounting records weTe not kept in respect of Ihe company as required by section 386 of the 2006 Act and Section 44(1){a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulalions., or 2. The accounts do not accord with those rordS OT fail lo comply wrth Regulation 8 of the 2006 Accounts Regulations: or 3. The accounts do not comply with thè accounting requirements of section 396 of the 2006 Act Other than any Tequirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination.. OT 4. The accounts have nol been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporling by charities applicable to charilies preparing their accounts in accordan with the Financial Reporting StarKlard applicable in the UK and Republic of Ireland (FRS 102). I have no GOnrnS and have come across no other matters in connection with the examination to which atlention should be drawn in this report in order io enable a proper understanding of the accounts to be reached. Use of our report This report is made to the 0)anS toaTd of directors. as a body. in accordance with the terms of engagement. My work has been undertaken lo enable me to undertake an independent examination of the dlarity's accounts on behalf of the companys board of directors and for no other PUTpose. To the fullest extent pemitted by law. I do not accept or assume responsibility to anyone other than the company and the company's board of direGtors as a body, f<x my work or for this feport. Gn Dani8118 Griffin FCA Moore (South) LLP Suite 3, Second Floor 13-21 High Street Guildford Surrey GU13DG Dated Iq TE£r 20L4
STEPS CHARITY WORLDWIDE Pag8 9 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestrlcted Restricted Funds Funds 2024 2024 Total Unrestricled Restricted Funds Funds 2023 2Q23 Total 2024 2023 Notes Income from: Donations and legacies Other trading activits'es Investrnents 182.298 21.711 30.983 213,281 21,711 564 146.143 10.305 33 41.284 3.959 187,427 14.264 Total In¢omo 204.573 30.983 235, 156.481 45,243 201,724 Expgnditure on: Raising funds Charitsble acltvitses 12.715 116.696 12.715 147.758 8.616 142,344 8,616 177.871 31.062 35.527 Total resources expended 129.411 31.062 160,473 150. 35.527 186.487 Net Incomel(expenditure) for the year Net movemènt In funds 75.162 (79) 75.083 5.521 9,716 15,237 Fund balan at 1 April 2023 23.837 36,442 60,279 18.316 26.726 45.042 Fund balan¢os at 31 March 2024 98.999 36.363 135.362 23.837 36,442 60,279 The statement of finanGial activities indudes all gans and losses recognised in the year. All income and expenditure derive from continuing activibes. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Aci 20[. The mtes on pag88 11 to 20 fonn part of these financial statéments
STEPS CHARITYWORLDWIDE Pagelo BALANCE SHEET AS AT 31 PMRCH 2024 2024 2024 2023 2023 Notes Current assets Stocks D8btors Cash at bank and in hand 12 13 4.101 13.682 125.240 2.870 10,53C 59.355 72.755 redltors: amounts falling duo withln one year 14 17,661) (12.476) 135,362 60.279 Income funds Reslricted funds Unrestrlcied funds 16 17 36,363 36,442 23.837 135,362 60,279 For the financial year ended 31 March 2024 the compary was entltted to exemptlon from audit under section 477 of the Companles Act 2006 relaling to small companies. Directors, reBpoDsibilities: The members have not requId the company to oblaln an audit of its financlal statemenfs for the year in queslion in accA)rdanc8 with section 476: The directors acknowledge their responslbililies for complying with the requirements of the Act wth respect to accountlng records and the prgparation of finandal statements. These financlal statements have been pt8wdted in accordan wlth the provlslon5 applicable to .. cotnpanies subjed to the small companles. regime and the Char[e5 Statement of Recommended "x.. Practlc8 and Financial Reporling Standard 102 section 1 Th8 financial statements We approved by the Trustees .. Mr Harfnder Bansal Trustee and Chaimwi Company ReglstTation No. 04379997
STEPS CHARITY WORLDWIDE Page 11 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2024 Accounting Polici8S Chanty inforniation Steps Charity Wort<hvtde is a private company limited by guarantee incorporated in England and Wales. The registered Offi is The White House, Wilderspool Business Park. Greenalls Avenue. Warrington. England. WA4 6HL. The members of the company are the Trustees named on page 1. In the event of the ccKnpany being wound up. the liability in respect of th8 guarantee is limited to £10 per member of the company. Accounting convention The financial statements have been prepared in accordan with the charitS goveming document. the Companies Ad 2006, °Accounting and Reporting by Charities: Statement of Recommended Pradice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a Public Benefit Enlity as defined by FRS 102. The financial statements are prepared Tn sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. Going concern At the time of approving the financial statemenls. the trustees have a reasonable expectation that Ihe charity has adequate resources in operational existence for at least 12 months from the date of signature of this reFM)rt Thus the trustees continue to adopt the going Gonrn basis of accounting in preparing the financial statements. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the furKls have been designated for other purposes. Restricted funds are subject to specifK conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Income resources Income is recognised when the charity is legally entiued to it after any perfomiance conditions have been met, the arrK)unts can be Easured reliably. and it is prob8ble that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless perfOrrnan conditions require deferral of the amount. Income recoverable in relation to donations receNed under Gift Aid or deeds of Govenanl is recognised at the time of the donation. Income earned from fundraising events and trading tiVItIeS to raise funds for the charty are recognised when entitlement has occurred. Income from Government and other grants are recognised at fair value when the charity has entitlement after any perf0mnCe conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts aFe deferred. Interest received is accounted for on an accruals basis.
STEPS CHARITY WORLDWIDE Page 12 NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies (Continued) Income resources (Contlnued) Legacie5 are accounted for at the 8arSer ot. the dale on which the charity is aware that probate has been granted: the estate has been finalised and notification l%as been made by the executor(s) to the charity that a distribution will be made" or when a distribution is made from the estate. Receipt of a legy. in whole or pat( is only considered probab]e when the amount can be measured reliably and the charity has been notified of the execulorfs intention to make a distribution. Wheie legacies have been notified to the charity. or the charity is aware of the granting of probate. and criteria for income recognition have not been met. then the legacy is treated as a contingent asset and disdosed if material. Donation of gifts and services Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the servi. any coThJitions associated with the donation have been met, the receipt of economic benefrt from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102). volunteer time is not recognized. On reIpt, donated gifts. 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 fa¢ilrties of equivalent économic benefit on the open market: a Corresponding amount is then recognised in expendrture in the period of receipt. Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required. and the amunt of the obligation can be measured reliably. It is categor(sed under the followirrfJ headings". Costs of raising funds includes details of the costs in relation to fundraising events, following up donations. and seekirKJ voluntary contributions and donations from supporters. and available sources: Expenditure on charitable activities includes the costs of the charity's with young people. sailing trips and other restdential activriies including all planning activities, maintenanc8 of the charity's assets. preparation and follow up. and Other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Allocatlon of support costs Support costs are those functions that assist the work of the charity, but do not directly relate to either cost of raising fvnds or charitable aclivilies. These costs are all allocated to charitable activities. stocks Stocks are ststed at the lower of cost and estimated selling pri less costs to complete and sell. Cost comprises direct materials and, where applicable. direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distn"bution at no or nomina] consideration are measured the lower of replacement cost and cost. Net realisable value is estimated selling price less all estimated costs of completion and costs to be incurred in marketing. selling and distribution.
STEPS CHARITY WORLDWIDE Page 13 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies {Continued) Cash and cash equivalents Cash and cash equNalents include cash in hand. deposits held at call with banks. other short- temi liquid investments wilh original maturities of three months or less. 1.10 Financial instruments The charity has elected to apply the provision of Sedion 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charivs balance sheet when the Ghatity becomes paty to the contractual provisions of the instrumenL Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right to set of the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and sett18 the liability simultaneously. Basic financial assets Basic financial assets. which include debtors and cash and bank balances. are initialty measured at transaction pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaction, where the transaction is measured at the present value of the future receipts dtscounts at a market rate of interest. Financial assets classified as re1vable within one year are not amorttsed. Basic financial liabiliiies Basic financial liabilities, including cTedtiors and bank loans are initially recognised at transaction price unless the arrangement constiiutes a financing transaciion. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequenty carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or setvice that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilttÉes rf payment is due within one year or less. If not, they are presented as non<urrent liabililies. Trade creditors are recognised initialty at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognized vA)8n the chanty's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefrts The cost of any unused holiday entitlement is recognised in the perFod in which thè employee's services are received. Termination beneffts are recognised immediately as an expense when the charity is demonsttably committed to temiinate the employment of an employee or to provide ternination benefits. 1.12 Taxation The charty is an exempl charty within the meaning of schedula 3 of the Charibes Act 2011 and is considered to pass the tests set oui in Paragraph 1 Schedule 6 Finance Act 2010 and Iher8fore it meets the definition of a charitable company for UK Corporation tax purposes.
STEPS CHARITY WORLDWIDE Page 14 NOTES TO THE FINANCIAL STATEPIIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng Pollcies (Contlnued) 1.13 Retirement benefits The chariiable company pays contributions into a defined contribution schem8 for its employees and the pension charge represents Ihe amounts payable by the charitable company in respect of the year. The assets of the scheme are held separately from those of the charitable company in an independentiy administered fund. Critical Accounting Estimates and Judgements In the application of the char5Ws accounting policies. the truslees are required to make judgements, estimates and assumptions about the carying amount of assels and liabilities that are not readily apparent from other sources. Th8 estimates and associated assumptions are based on histortcal experien and other factors that are considered to be relevant. AGtual results may differ from these estimates. The estimates and underfying assumptions are revtewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised wh&re the revision affects only that period. or in the period of Ihe revision and future periods where the revision affects both current and future periods. Key Sources of Estimation Uncertalnty The trustees have estimated the cosl of Ihe services and gifts that have been donated to the charty. These amounts are included in donations and legacies and charitable activities. Donatlons and Legacies Unrestricted Restrlcted Funds Funds 2024 2024 Total Total 2024 2023 Donations and gifts Donated Gifts and Services Grants Legacies 150.298 24.000 6.000 2.000 3,283 153,581 143.127 24.000 7.500 32,700 36,800 3,000 26.700 1,000 182.298 30.983 213.281 187,427 For the yeaT ended 31 March 2023 146,143 41.284 187,427 Other Tradlng Actlvlties Unrestricted Restricted Funds Funds 2024 2024 Total Total 2024 2023 Fundraising events Shop income Sponsorship 9,837 874 11.000 9,837 874 11.000 5.389 875 8.000 Other trading tIvitieS 21.711 21.711 14,264 For the year ended 31 March 2023 10.305 3.959 14.264
STEPS CHARITY WORLDWIDE Page 15 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investments Unrestrlcted Funds 2024 Total Total 2024 2023 Interest receivable 564 564 33 All interest in 2023 was unrestricted. Raising Funds Unrestricted Restrict8d Funds Funds 2024 2024 Total Total 2024 2023 Fundraising and publicty staff costs 8.616 5.771 5.771 Total raising funds 12,715 12,715 8.616 For the year ended 31 March 2023 8.616 8.616 CharStable Actlvltles Charitable Expendlture 2024 Charitable Expenditure 2023 Staff costs R8nt and rates Insurance Telephone Postag8 and ststionery Staff tratning and recruttment Travel costs Professional and consultancy fees Advertising and webstte costs General expenses and project costs 74.923 1,008 1,598 2.645 362 1,264 6.417 24.000 336 16.391 88,219 978 1,401 3,381 1,800 4,948 32,308 {172) 29,671 128.944 163,240 Share of support costs (see note 8) Share of governance costs (see note 8) 15.914 2.900 9,911 4,720 147,758 177,871 Analysis by fund Unrestricted funds Restricted funds 116.696 31.(2 142,344 35,527 147.758 177,871
STEPS CHARITY WORLDWIDE Page 16 NOTES TO THE FINANCIAL STATEKIENTS (CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2024 Support Costs Support Governance Costs Costs 2024 2023 Bookkeeping Accountancy fees Bank charges Legal and professional ICT and office cosls Independent eXaMinatn fee 8,053 8.053 1.665 3.145 3.500 2.698 2.048 1,575 3.416 1.213 3.232 3.416 1,213 3,232 2.IX)O 2.000 15.914 2.900 18,814 14.631 Restricted funds Unrestricted funds 1,175 14.739 1,175 17.639 1,263 13,368 2.900 15,914 3.900 18,814 14.631 All costs were for Charitable Activities. Included in 2023 were govemance costs of £4.720. Trustees During the year. the trustees all gave freely their time and expertise viithout any fom of remuneration or other benefit in cash or kind. In th8 previous financial year, a tTUStee received £24.500 in consultancy fees and £440 in expenses when filling the vacant CEO role during the period June 2023 to December 2022. Fr om January 2023 to December 2023. had also filled the vacant CEO position. Ihe individu81 i Ihis position was a Twstee to March 2023, then stepped down and they donated their time and experience to oveTsee the running of the charity on a regular basis. this has been treated as a gift in kind at £22,500 (£7,500). During the year, there was £666 rewnbursed to trustees in respect of 8xpenses incurred on behalf of the charity (2023: £440). None of the tmstee5 {or any person conneded with Ihem) made any donatK)ns to the charity {2023 - £Nil). Trustee indemnity insurance is covered in the Charity Insuran policy. 10. Volunteers The charty has volunteers lo help in their work supporting farnilies.
STEPS CHARITY WORLDWIDE Page 17 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11. Employees Number of employees The average monthly number of empk)yees during the year was: 2024 2023 Number Number Charity and fundraising staff Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 76.595 2.445 1.654 83.463 2.858 1.898 80.694 88.219 Allocated as follows: Cost of raising funds Charitable activities 5.771 74.923 88.219 80.694 88,219 There were no employees whose annual remuneration was £60,000 or more (2023 - none). The key management personnel of the charity comprise the Trustees and the manager. Following the departure of the CEO in May 2022. the Chaiity operated under the direct supervision of the Irustees until January 2024 when a General Manager laS employed. The totsl employee benefrts of the key management personnel of the charty were £8,221 plus £22.500 gift in kind for a previous trustee covering the CEO role (2023.. £24,500 was paid in consultancy fees to a trustee for covertng the CEO role). 12. Stocks 2024 2023 Goods for resale 4,101 2.870 13. Debtors 2024 2023 Amounts falling due wlthln one year Other debtors Prepayment and accrued income 436 13.246 1.945 8.585 13.682 10.530
STEPS CHARITY WORLDWIDE Page 18 NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 14. Credltors" amounts falllng due within one year 2024 2023 Olher taxation and social security costs Trade credtlors Other creditors Accruals and deferred income 2,782 902 977 3.000 1.505 6,259 1.325 3.387 7.661 12,476 15. Pensions The charitable company operates a defined contribution pension scheme for quallfying employees. The assets of the scheme are held separately from those of the company in an independenuy administered fund. At 31 March 2024 the amount outstanding was £567 {2023 - £1.014). 16. Restricted Funds The income funds of the charity include restricted funds cotrprising the following unexpended balances of donations and grants held on trust tor special purposes: Balance at Incoming 1 April 2023 resources Re8ourcas Balanca al expended 31 March 2024 Claire Furmedge Equipment Fund Th8 National Lottery Fund- England Laila's Fund The National Lottery Fund- Scolland The Natnal Lottery Fund- Wales stepin Camp Anton Jurgens St James pla Charitable Foundation Barbara Ward Children's Charity other 5.381 6.969 2.588 7.047 5.951 6,167 2.950 10.¢JX) {1.355) {8.076) 6,976 8,893 3,921 {7.047) (6.752) 8,399 6,167 {1.804) (2.075) {3.453) {500) 425 1,547 35 535 36.442 (31.062) 36,363 The Claire Furmedge Equipment fund consists of monies donated to Ihe charity which is used to provide equipment (predominantly car seats) to those vtho are in need. The National Lottery Fund England - SUpprt for families England. Recruit and train volunteers to support the helpline. Laila's Fund - to provide support and assistance to the families who decide to have elective amputation. and to develop a prototype for Pediatric Prosthetic covers. The National Lottery Fund Scotland - Support for families across Scotland and partn8rship working with hospitals in the region with volunteers. The National Lotter Fund Wales - Support for families across Wales and working with staff in hospitals in Swansea, Cardiff and around the region. recruit volunteers. Stepin Camp - To provide activities and workshops for the whole fanity of those affected by lower limb condib'ons. Anton Jurgens- To provide funds to improve the digitsl services provided. St James Place Charitable FourKlation - To provide support in communiiies for young people with lower limb cc>nditions.
STEPS CHARITY WORLDWIDE Page 19 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16. Restricted Funds (continued) Barbara Ward Children's Charity- To provide support through family support sessions and the continulng provision of volunteers. the charity helpline and lrterature. Other- Monies from Sported Foundation to be used for the Clubfoot Day in June 2023. For the year ended 31 March 2023 Balance at Incoming 1 April 2022 resources Resources Balancg at expended 31 March 2023 Claire Furmedge Equipynent Fund English Lottery Fund Laila's Fund Scottish Lottery Fund Wales Lottery Fund Stepin Camp Anton Jurgens Other The Edwin Gostling Foundation 4.233 2,513 10,OLKI 4.500 8,000 7,300 6,325 6.0(Xi (1,365) (5.913) (9.857) (3.675) (6.093) (158) (4.196) (70) {4.21X)) 5,381 6,969 2.588 7,047 5,951 6,167 1,804 535 4.744 26.726 45.243 (35.527) 36.442 The Edwin Gostling Foundation - The monies are to be used to offer support to parents Ihrough recruitment of volunteers. wnning family events, producing publications and lTrterature, and working in hosptials with parents. 17. Unrestricted Funds Balance at Incoming Resources Balance at 1 April 2023 resourc expendgd Transfer 31 March 2024 General Funds 23.837 204.573 {129,411) 98.999 For the year ended 31 March 2022 Balan¢0 at Incoming Resources Balance at 1 April 2022 resources gxponded Transfer 31 March 2023 General Funds Intemational Projects 18.316 156.481 {145.204) (5.756) (5,756) 5.756 23.837 18.316 156.481 (150.960) 23.837
STEPS CHARITY WORLDWIDE Pag8 20 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18. Anatysis of Net Assets Between Funds Unrestricted Restrlcted Funds Funds 2024 2024 Total 2024 Fund balan at 31 March 2024 are represented by: Current assetsl(liabilities) 98.999 36,363 135,362 For the year ended 31 March 2023 Unrestricted Restrlcted Funds Funds 2023 2023 Total 2023 Fund balances at 31 March 2023 are represented by: Current assetsl(liabilities) 23.837 36,442 60.279 19. Related Party Transactions There were no disclosable related party transactions during the year (2023 - none).