## **NEW STEP** ## **( A REGISTERED CHARITY )** ## **REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED** **31ST DECEMBER 2024** **Charity Number: 1099228** ## **NEW STEP** **REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31[ST] DECEMBER 2024** **CONTENTS** ||**Page**| |---|---| |Charity Information|1| |Executive Committee’s Report|2 - 3| |Accountant’s Report|4| |Statement of Financial Activities and|5| |Income and Expenditure Account|| Notes to the Financial Statements 6-8 **Page 2** ## **NEW STEP** ## **INFORMATION** The Executive Committee members were as follows: Odile Amvouna Cecile Abah Main contact / Secretary Loretta Nguete Griffith Medenou Marie Thomas Carine mukaji kalonji All Executive Committee members are also members of the Charity. **SECRETARY AND REGISTERED OFFICE** : 706 Harmony Building 31 City Island Way London E14 0QE **REGISTERED CHARITY NO:** 1099228 **BANKERS: Santander** Barking Branch **NEW STEP** ## **EXECUTIVE COMMITTEE’S REPORT** **FOR THE YEAR ENDED 31[ST] DECEMBER 2024** **Page 3** **CONSTITUTION** New Step is a registered charity under the Charities Act 1993. ## **OBJECTIVES** The Charity was established in order to support and provide services to ethnic minorities and unwaged people in London and to assist them in obtaining employment **.** These are the key points: - A) To advance the education of members of ethnic minority communities and the unemployed in the United Kingdom by the provision of orientation training courses and seminars and through the provision of advice, guidance and support; - B) To relieve employment, in particular but not exclusively, amongst members of the ethnic minority communities in the United Kingdom in such charitable ways as the executive committee see fit; and - C) Such other charitable purposes as the executive committee deem appropriate for the association to further. ## **ACTIVITIES AND REVIEW OF THE YEAR** The year ended 31st December has seen a successful continuation of the Charity’s activities, with more than 300 people using our services. One of our main aims is to help those who are socially and educationally disadvantaged, to enable them to improve their quality of life and their job prospects. - We received funding from the LITC to deliver training services. - We received a grant from the Community Fund to deliver activities unemployed people. - TCG – (Tesco Community Grants) deliver activities to families and those in needs - We received a grant from other donors **to** deliver activities for unemployed adults **FINANCIAL REVIEW** **Page 4** The financial statements and accounting policies adopted are disclosed. The Charity recorded an overall surplus of £ 960 ## **RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE** Charity law requires the Executive Committee to prepare financial statements for each financial year, which give a true and fair view of the state of the affairs of the Charity and of the surplus or deficit for that period. In preparing those financial statements, the Committee is required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on a going concern basis. The Executive Committee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable it to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **FIXED ASSETS** Movements during the year are shown in note 4 of the financial statements. ## **EXECUTIVE COMMITTEE MEMBERS** The present membership of the Executive Committee is set out on page 1. Except as shown below, the Committee Members derive no benefit from and have no income, capital or interest in the Charity’s financial affairs. In accordance with the Constitution, Members are entitled to be reimbursed for costs actually incurred on behalf of the Charity and in attending Executive Committee meetings. In accordance with the Constitution, all the members of the Executive Committee retire at the next Annual General Meeting and offer themselves for re-election. This report was approved by the Executive Committee on 7[th] June 2022 and signed on its behalf by: the Chair **ACCOUNTANT’S REPORT TO THE MEMBERS OF NEW STEP Page 6** ## **ON THE UNAUDITED ACCOUNTS FOR** ## **THE YEAR ENDED 31[ST] DECEMBER 2023** We report on the accounts for the year ended 31[st] December 2023 set. As described on page 3, the Executive Committee is responsible for the preparation of financial statements, and it considers that the Charity is exempt from audit, under section 43(2) of the Charities Act 1993. It my responsibility to carry out procedures designed to enable us to report our opinion to you. Examine the accounts under section 43 of the 1993 Act To follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7) b of the 1993 Act To state whether particular matters have come to my attention. ## **BASIS OF OPINION** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view. ## **OPINION** In our opinion: - (a) the accounts are in agreement with the accounting records kept by the charity under section 41 of the charities Act 1993 ; - (b) having regard to, and on the basis of, the information contained in those records: - (i) the accounts have been drawn up in a manner consistent with the accounting requirements specified in the Act: and - (ii) the charity satisfied the conditions for an exemption from an audit. ………… _CecileAbah …_ ………………………………………… **Cecile Abah 20[th] August 2024** Reporting Accountant ## **NEW STEP Page 7 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER** ## **2023** |IncomingSources|**2023 **|**2024**| |---|---|---| ||Restricted Funds|Total Funds| |Grants & Fees||20,000| |Donations||| ||28000|**10,000**| |**RESOURCES EXPENDED **||| |||| |Salaries & costs|15.000|15,000| |Phone & internet|560|504| |Computer & Office Equipment||| |Training costs|1000|180| |Consultancy Fees|4000|
750| |Recruitment expenses||| |Food and Refreshments|9000|| |Rent & maintenance|8200|
2800| |Utilities||| |Insurance|680|545| |||| |Office Admin Expenses|1200|150| |Accountancy|150|| |Legal||| |Other Expenditure-Membership|750|| |||| ||**27,040**|**19,929**| |**NET INCOMING**
**RESOURCES**|**960**|**71**| ## **CONTINUING OPERATIONS** The results for the year, as set out above, have been derived entirely from continuing operations. ## **TOTAL RECOGNISED GAINS AND LOSSES** The company has no recognised gains or losses other than that shown above. The notes on pages 7 to 8 form part of these accounts. **Page 6** **NEW STEP** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1** . **ACCOUNTING POLICIES** ## (a) **Basis of Accounting** The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective March 2000) and with the Statement of Recommended Practice (SORP 2005) issued by the Charity Commissioners in March 2005. ## (b) **Voluntary Income** Donations are included in the Statement of Financial Activities when received. ## (c) **Grants Receivable** Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specified future period, in which case they are deferred . ## (d) **Restricted Funds** These are funds used for specific purposes as specified by the donor. Currently, the projects funded by the London Development Agency and London Borough of Tower Hamlets are restricted. ## (e) **Unrestricted Funds** Unrestricted funds are sums received with no restrictions attached and utilised for the objects of the charity. ## (f) **Contingencies Fund** This represents a proportion of general overheads. (g) **Depreciation and Amortisation** Depreciation is calculated to write off the cost of assets over their expected useful lives as follows: Computer Equipment 33.3% on straight line basis Office Furniture & Fittings 20.0% on straight line basis (h) **VAT** The Charity is not registered for VAT and accordingly, where applicable, all costs and expenditure incurred are inclusive of VAT. ## **2. TURNOVER** All the Company's turnover related to its Charitable Objects ## **3. OPERATING SURPLUS** **2023** **2024** Stated after charging: Depreciation-owned assets 600 904 **Page 7** ## **NEW STEP** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **4** . **TANGIBLE FIXED ASSETS** ||||||**Computer**|**Furniture &**|**Total**| |---|---|---|---|---|---|---|---| ||||||**Equipment**|**Fittings**|| ||B/Fwd Jan 1st2023||||5,000|1,000|
6,000| ||Additions||||960||960| ||Disposals||||||| ||(960)||||5960|1000|6960| ||||||

2000|
600|
2600| ||Depreciation B/Fwd||||||| ||Charge for Year||||(3960)|400|(3960)| ||Disposals||||||| ||||||||| ||NBV Dec 31st2023||||||| |**5**.|.**DEBTORS**
**2023**|
**2024**|||||| ||Fees Receivable|Fees Receivable||||0.00|0.00| ||Prepayments & Deposits|||||0.00|0.00| ||Grants Receivable|Grants Receivable||||0.00|0.00| |||||||0.00|0.00| |**6**.|.**CREDITORS**|**2023**||**2024**|||| ||Trade Creditors|||||0.00|0.00| ||Social security & other taxes|||||0.00|0.00| ||Accrued expenses|||||0.00|0.00| |||||||0.00|0.00| |**7. LOANS**|**7. LOANS**||||||| ||NIL||NIL|NIL|||| **Page 8** ## **NEW STEP** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** - **8 CAPITAL COMMITMENTS** There were no new capital commitments contracted at the Balance Sheet date ## **9. MEMBERS LIABILITY** The members each agree to contribute an amount not exceeding £1 in the event of a winding up whilst a member. ## **10. TRUSTEES’ REMUNERATION AND EXPENSES** The amount of £ Nil was paid or payable for the year to Trustees, for expenses related to attending Executive Committee meetings.