| PAGE | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the director's | report) | ||||
| Independent auditor's |
report to the members | 10 | ||||
| Statement offinancial | activities (including | income | and expenditure | account) | 15 | |
| Statement offinancial | position | 16 | ||||
| Statement ofcash flows | 17 | |||||
| Notes to the financial | statements | 18 |
| REFERENCE AND ADMINIS | REFERENCE AND ADMINIS | REFERENCE AND ADMINIS | TRATIVE DETAILS | ||
|---|---|---|---|---|---|
| Registered charity name | The Next Step Trust | ||||
| Charity registration | number | 1114197 | |||
| Company | registration | number | 05711840 | ||
| Principal | office and registered | The Hoover Building | |||
| office | Westfield Street | ||||
| Halifax | |||||
| West Yorkshire | |||||
| HX1 2DN | |||||
| THKTRUSTEKS | |||||
| JSMooney | |||||
| CNaylor | |||||
| M S Cawthorn | |||||
| A Peers | (Retired 31December 2021) | ||||
| L Stradeski | |||||
| JWalsh | |||||
| Auditor | Spenser Wilson Ltd | ||||
| Chartered Accountants |
&statutory | auditor | |||
| Equitable House |
|||||
| 55 Pelion Lane | |||||
| Halifax | |||||
| West Yorkshire | |||||
| HX1 5SP | |||||
| Bankers | CAP Bank | ||||
| 25 Kings Hill Avenue | |||||
| West Mailing | |||||
| ME194JQ | |||||
| Barclays Bank Pic P0Box14 |
|||||
| Halifax | |||||
| West Yorkshire | |||||
| HX1 1BG |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 8 | ||||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 120,770 | 94,617 | 215,387 | 49,222 | ||
| Charitable activities |
6 | 2,099,376 | 27099,376 | 1,991,378 | |||
| Other trading activities |
7 | 1,041 | 1,041 | 281 | |||
| Investment income |
8 | 188 | 188 | 622 | |||
| Other income | 9 | 5,017 | |||||
| Total income | 2,221,375 | 94,617 | 2,315,992 | 2,046,520 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofother trading | activities | 10 | 38 | ||||
| Expenditure on charitable |
activities | 11,12 | 1,909,281 | 27,851 | 1,937,132 | 1,712,794 | |
| Total expenditure | 1,909,281 | 27,851 | 1,937,132 | 1,712,832 | |||
| Net income and net movement | in funds | 312,094 | 66,766 | 378,860 | 333,688 | ||
| Reconciliation offunds | |||||||
| Total funds brought forward | 1,942,947 | 55,185 | 1,998,132 | 1,664,444 | |||
| Total funds carried forward | 2,255,041 | 121,951 | 2,376,992 | 1,998,132 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 18 | 1,506,349 | 1,277,345 | |||
| CURRENT ASSETS | ||||||
| Debtors | 19 | 217,269 | 183,615 | |||
| Cash at bank and in hand | 767,990 | 608,275 | ||||
| 985,259 | 791,890 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 20 | 114,616 | 71,103 | |||
| NET CURRENT ASSETS | 870,643 | 720,787 | ||||
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | 2&376,992 | 1,998,132 | ||||
| NET ASSETS | 2,376,992 | 1,998,132 | ||||
| FUNDS OFTHE CHARITY | ||||||
| Restricted funds | 121,951 | 55,185 | ||||
| Unrestricted funds |
2,255,041 | 1,942,947 | ||||
| Total charity funds | 22 | 2,376,992 | 1,998,132 |
| 2022 | 2021 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | 378,860 | 333,688 |
| Adjustments for: | ||
| Depreciation oftangible fixed assets | 59,583 | 54,819 |
| Other interest receivable and similar income | (188) | (622) |
| Interest payable and similar charges | 201 | 5,502 |
| Accrued expenses | 3,592 | 16,814 |
| Changes in: | ||
| Trade and other debtors | (33,654) | (17,882) |
| Trade and other creditors | 39,921 | (5,963) |
| Cash generated from operations |
448@15 | 386,356 |
| Interest paid | (201) | (5,502) |
| Interest received | 188 | 622 |
| Net cash from operating activities |
448,302 | 381,476 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase oftangible assets Proceeds from sale oftangible assets |
(289,877) 1,290 |
(69,859) |
| Net cash used in investing activities |
(288,587) | (69,859) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repayments ofborrowings |
(188,293) | |
| Net cash used in financing activities |
(188,293) | |
| NKT INCREASE IN CASH AND CASH EQUIVALENTS | 159,715 | 123,324 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR | 608,275 | 484,951 |
| CASH AND CASH EQUIVALENTS AT KND OFYEAR | 767,990 | 608,275 |
| 5. | DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| DONATIONS | |||||
| Individuals | 7,208 | 9,098 | 16,306 | ||
| Corporate donors |
5,000 | 5,000 | |||
| GRANTS | |||||
| Grants receivable | 113,562 | 80,519 | 194,081 | ||
| 120,770 | 94,617 | 215,387 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| DONATIONS | |||||
| Individuals | 2,720 | 2,720 | |||
| Corporate donors |
|||||
| GRANTS | |||||
| Grants receivable | 19,325 | 27,177 | 46,502 | ||
| 22,045 | 27,177 | 49,222 | |||
| 6. | CHAIOTABLE ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| f | |||||
| Support fees | 1,384,048 | 1,384,048 | 1,335,344 | 1,335,344 | |
| Access fees | 484,536 | 484,536 | 463,540 | 463,540 | |
| Respite fees | 161,885 | 161,885 | 119,724 | 119,724 | |
| Transport fees | 44,806 | 44,806 | 47,798 | 47,798 | |
| Outreach fees | 4,230 | 4,230 | 10,339 | 10,339 | |
| Dinner money | 19,871 | 19,871 | 12,987 | 12,987 | |
| Domiciliary | 1,646 | 1,646 | |||
| 2,099,376 | 2,099476 | 1,991,378 | 1,991,378 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| Fundraising | events | 1,041 | 1,041 | 281 | 281 | ||
| 8. | INVKSTMKNT INCOME | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| I | |||||||
| Bank interest | received | 188 | 188 | 622 | 622 | ||
| 9. | OTHER | INCOME | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| f. | |||||||
| Provision | of | staff | 4,517 | 4,517 | |||
| Training | incentive | 500 | 500 | ||||
| 5,017 | 5,017 | ||||||
| 10. | COSTS OF OTHER TRADING | ACTIVITIES |
| COST | S OF OTHE | R TRADING | ACTIVITIES | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
| Funds | 2022 | Funds | 2021 | |||||
| Costs | offundraising | activities | 38 | 38 |
| EXPENDI | TURE ON CHAMTABL | K ACTIVITIES BYFUND T | YPE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Charitable | activities | 1,710,796 | 27,851 | 1,738,647 |
| Support costs | 198,485 | 198,485 | ||
| 1,909,281 | 27,851 | 1,937,132 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Charitable | activities | 1,533,797 | 31,809 | 1,565,606 |
| Support costs | 147,189 | 147,188 | ||
| 1,680,986 | 31,809 | 1,712,794 |
| EXPENDI | TURE ON CHAM | TABLK ACTIVITIES | BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2022 | 2021 | ||
| Charitable | activities | 1,738,647 | 171,696 | 1,910,343 | 1,694,619 |
| Governance | costs | 26,789 | 26,789 | 18,175 | |
| 1,738,647 | 198,485 | 1,937,132 | 1,712,794 |
| ANALYSIS OF SUPPORT COSTS | ||
|---|---|---|
| 2022 | 2021 | |
| Staffcosts | 157,336 | 111,644 |
| General office | 14,157 | 13,957 |
| Finance costs | 200 | 162 |
| Governance costs |
14,825 | 7,029 |
| Audit, accountancy &bookkeeping | 7,250 | 6,496 |
| Office &administrational | 4,717 | 4,650 |
| Staffvouchers | 3,250 | |
| 198,485 | 147,188 |
| 14. | NET INCOME | NET INCOME | ||
|---|---|---|---|---|
| Net income is stated after charging/(crediting): | ||||
| 2022 | 2021 | |||
| g | ||||
| Depreciation oftangible fixed assets | 59,583 | 54,819 | ||
| 15. | AUDITORS REMUNERATION | |||
| 2022 | 2021 | |||
| Fees payable for the audit ofthe financial | statements | 3,180 | 3,180 | |
| Fees payable tothe charity's auditor and |
its associates for other services: | |||
| Other non-audit services |
3,348 | 3,024 | ||
| 16. | STAFF COSTS |
| STAFF COSTS | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as |
follows: |
| 2022 | 2021 | |||
| Wages and salaries | 1,408,963 | 1,281,567 | ||
| Social security costs | 105499 | 90,125 | ||
| Employer contributions |
to pension | plans | 30,688 | 24,253 |
| 1,544,950 | 1,395,945 |
| The average | The average | head | count ofemployees | count ofemployees | during the year was | 74 (2021:69).The average | number of |
|---|---|---|---|---|---|---|---|
| full-time | equivalent | employees | during | the year is analysed | as follows: | ||
| 2022 | 2021 | ||||||
| No. | No. | ||||||
| Management | and administration | staff | 8 | 5 | |||
| Support | workers | 47 | 50 | ||||
| Catering | and | caretaking | 4 | ||||
| 59 | 55 |
| Freehold | Fixtures | Motor | ||||||
|---|---|---|---|---|---|---|---|---|
| property | and fittings | vehicles | Equipment | Total | ||||
| 5 | ||||||||
| Cost | ||||||||
| At 1 April 2021 | 1,440,741 | 186,852 | 232,270 | 96,209 | 1,956,072 | |||
| Additions | 259,852 | 27,412 | 2,613 | 289,877 | ||||
| Disposals | (7,250) | (7,250) | ||||||
| At 31March | 2022 | 1,700,593 | 214,264 | 225,020 | 98,822 | 2,23S,699 | ||
| Depreciation | ||||||||
| At 1 April 2021 | 237,592 | 158,258 | 200,919 | 81,958 | 678,727 | |||
| Charge for the year | 31,026 | 13,414 | 7,517 | 7,626 | 59,583 | |||
| Disposals | (5,960) | (5,960) | ||||||
| At 31March | 2022 | 268,618 | 171,672 | 202,476 | 89,584 | 732,350 | ||
| Carrying amount |
||||||||
| At 31March | 2022 | 1,431,975 | 42,592 | 22,544 | 9,238 | 1,506@49 | ||
| At 31 March | 2021 | 1,203,149 | 28,594 | 31,351 | 14,251 | 1,277,345 | ||
| 19. | DEBTORS | |||||||
| 2022 | 2021 | |||||||
| Trade debtors | 192,676 | 173,252 | ||||||
| Prepayments | and accrued | income | 24,593 | 10,363 | ||||
| 217,269 | 183,615 | |||||||
| 20. | CREDITORS: amounts | falling | due within | one year | ||||
| 2022 | 2021 | |||||||
| Trade creditors | 80,350 | 15,773 | ||||||
| Accruals and | deferred income | 31,343 | 27,751 | |||||
| Social security and other | taxes | 22,244 | ||||||
| Other creditors | 2,923 | 5,335 | ||||||
| 114,616 | 71,103 |
| Unrestric | ted funds |
|||||
|---|---|---|---|---|---|---|
| I April | 31March | |||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||
| 5 | ||||||
| General funds | 1,576,328 | 2,168,825 | (1,550,739) | 2,194,414 | ||
| Buildings | Fund | 248,619 | 44,300 | (358,542) | 68,000 | 2 377 |
| Minibus | Fund | 118,000 | 8,250 | (68,000) | 58,250 | |
| 1,942,947 | 2,221,375 | (1,909,281) | 2,255,041 | |||
| I April | 31March | |||||
| 2020 | Income | Expenditure | Transfers | 2021 | ||
| General funds | 1,378,945 | 1,827,344 | (1,629,961) | 1,576,328 | ||
| Buildings | Fund | 122,240 | 168,000 | (41,621) | 248,619 | |
| Minibus | Fund | 99,670 | 24,000 | (5,670) | 118,000 | |
| Staff Pension &Bonus | 3,772 | (3,772) | ||||
| 1,604,627 | 2,019,344 | (1,681,024) | 1,942,947 |
| Restricted funds |
|||||
|---|---|---|---|---|---|
| 1 April | 31March | ||||
| 2021 | Income | Expenditure | Transfers | 2022 | |
| g | |||||
| Action Halifax HBOS Lord Taverners |
5,029 1,059 8,534 |
(1,140) (32) (686) |
3,889 1,027 7,848 |
||
| Provident Insurance |
797 | (797) | |||
| Wilkinson Woodward |
3,906 | (3,906) | |||
| Garden Swing | 1,478 | (1,478) | |||
| Hydrotherapy Pool |
32,220 | 74,000 | (2,124) | 104,096 | |
| Bearder Charity | 2,162 | (1,971) | 191 | ||
| Calvert Trust CMBC COVID 19 |
9,098 4,519 |
(9,098) (4,519) |
|||
| Respite Hoist | 2,000 | (2,000) | |||
| Screwfix Foundation | 5,000 | (100) | 4,900 | ||
| 55,185 | 94,617 | (27,851) | 121,951 | ||
| 1 April | 31March | ||||
| 2020 | Income | Expenditure | Transfers | 2021 | |
| Action Halifax | 5,283 | 10,219 | (10,473) | 5,029 | |
| HB OS Lord Taverners |
1,091 12,849 |
(32) (4,315) |
1,059 8,534 |
||
| Provident Insurance |
1,063 | (266) | 797 | ||
| Wilkinson Woodward |
3,906 | 3,906 | |||
| Garden Swing | 1,478 | 1,478 | |||
| Hydrotherapy Pool Bearder Charity Lottery-Infection |
32,220 1,927 |
1,000 | (765) | 32,220 2,162 |
|
| Control CFFC COVID'19 |
9,958 6,000 |
(9,958) (6,000) |
|||
| 59,817 | 27,177 | (31,809) | 55,185 |
| Unrestricted | Restricted | Restricted | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | ||||||||
| Tangible fixed assets | 1,384,398 | 121,951 | 1,506,349 | |||||||
| Current assets | 980,259 | 5,000 | 985,259 | |||||||
| Creditors | less than | 1 | year | (114,616) | (114,616) | |||||
| Net assets | 2„250,041 | 126,951 | 2,376,992 | |||||||
| Unrestricted | Restricted | Total Funds | ||||||||
| Funds | Funds | 2021 | ||||||||
| Tangible fixed assets | 1,254,586 | 22,759 | 1,277,345 | |||||||
| Current assets | 759,464 | 32,426 | 791,890 | |||||||
| Creditors | less than | 1year | (71,103) | (71,103) | ||||||
| Creditors | greater than | 1year | ||||||||
| Net assets | 1,942,947 | 55,185 | 1,998,132 | |||||||
| 24. | ANALYSIS OF CHANGES IN NET DEBT | |||||||||
| 1 Apr 2021 | Cash flows | 31Mar 2022 | ||||||||
| Cash at bank and in | hand | 608,275 | 159,715 | 767,990 | ||||||
| 25. | OPERATING LEASE COMMITMKNTS | |||||||||
| The total future minimum | lease payments | under | non-cancellable operating |
leases are as follows: | ||||||
| 2022 | 2021 | |||||||||
| 21,698 | 40,070 | |||||||||
| 68,000 | 74,785 | |||||||||
| 22,667 | 39,667 | |||||||||
| 112,365 | 154,522 |