OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Small Steps Project Limited

2025-06-30-accounts

Charity registration number 1137443

Company registration number 07277814 (England and Wales)

SMALL STEPS PROJECT LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

SMALL STEPS PROJECT LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees
Charity number
Company number
Registered office
Independent examiner
Bankers
Website		 Thomas Phillips
Daniel Evans
Alexandra Rauch
1137443
07277814
C/o. RAA Ramon Lee
93 Tabernacle Street
London
EC2A 4BA
David Terry
RAA Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent
ME19
National Westminster Bank Plc
490 Holloway Road
Holloway
London
N7 6JB
www.smallstepsproject.org

SMALL STEPS PROJECT LIMITED

CONTENTS

Page
Trustees' report 1 - 15
Independent examiner's report 16
Statement of financial activities 17
Balance sheet 18
Notes to the financial statements 19 - 27

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

The trustees are pleased to present their annual Trustees Report together with the financial statements of the charity for the year ended 30th June 2025 , which are also prepared to meet the requirements for a directors’ report and Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Part One: Small Steps Project | Introduction

Across the world, thousands of children live on landfill sites and rubbish dumps, surviving by scavenging. This global problem, resulting from mass production and consumption, continues to worsen as the production of waste is not sufficiently addressed by governments or the large corporations responsible for manufacturing it. At Small Steps Project, we aim to alleviate some of the humanitarian consequences by providing emergency aid and sustainable solutions to child scavengers and their families, helping them take small steps towards a healthier and more dignified life.

Small Steps Project | Vision

Our Vision is of a world in which children no longer have to work or live on landfill sites and rubbish dumps, and their human rights are respected.

Small Steps Project | Strategy

Delivering our Objectives | Two Phases

Phase One: Connect

Deliver emergency aid to alleviate immediate hardship while also assessing the scope of longer-term needs.

1

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Phase Two: Sustain

Once the immediate needs are met and the census completed, we then assess the needs of the different demographics on the dump to provide tailored, sustainable solutions with a focus on education and sanitation.

Year 2024/25 in Summary

This year marked a significant expansion in Small Steps Project’s reach and impact, with 1,922 beneficiaries supported across East Africa and Gaza — a year-on-year increase of 196%. We strengthened our work in Kenya and Uganda through sustained education, nutrition and health programmes, while significantly scaling emergency aid delivery in Gaza through new in-country partnerships, reaching 1,078 children. Alongside this, we continued to develop community-led, sustainable projects and maintained strong donor engagement, including raising £26,000 through our annual Celebrity Shoe Auction. Despite a lean operational structure, the charity has delivered meaningful, measurable impact, including distributing shoes and boots to 1865 children, served 53,904 meals and laid strong foundations for further growth in 2025 – 2026.

2

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

3

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Part Two: Impact

Who We Helped:

This year, we directly helped 1,922 individual child beneficiaries, 844 of whom were children living on or around rubbish dumps/landfill sites in East Africa. And 1078 were displaced children in Gaza. This is a year-on-year increase of 196% . Of these, 44% of beneficiaries were in East Africa, and 56% were in Gaza.

4

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Where We Worked:

Uganda: Masaka Small Steps Project (phase 2)

Kenya: Ngong Dump, Nairobi , Green Steps Project (phase 2)

Korogocho Slums, Komb Green Solutions, (phase 2)

Dandora Dump site, Jua Foundation (phase 1)

Palestine: Gaza Strip (phase 1).

What We Did:

On our East African projects, we work with the same 694 children regularly . Each project is broken down as follows:

In Masaka, we helped a total of 212 beneficiaries (a year-on-year increase of 45% ): 106 children over the age of two years old, 23 babies under two , 16 adults and 67 families.

8 adults volunteered regularly at the centre.

In Ngong, we helped a total of 128 beneficiaries: 45 preschoolers between two and five years old, 8 over five years old, 27 babies under two and 30 adults. 7 adults volunteered regularly at the centre, many of whom were parents.

In Korogocho, we helped 338 beneficiaries, a year-on-year increase of 30% : 300 children over the age of two years old, 19 babies under two , and 19 adults and 16 adults volunteered regularly at the centre. In Dandora, we helped 166 children by giving them shoes and socks.

In Gaza, we helped 1,078 children by giving them shoes and socks, a 978% increase. This represents ten times more children helped compared to last year.

Part Three: Aid Delivery & Projects in Detail

PHASE ONE AID DELIVERY NEW PROJECTS

Gaza Strip, Palestine

Who We Helped:

1,078 children — a tenfold year-on-year increase. Spending in Gaza accounted for 33% of overall project expenditure, reflecting both the scale of need and the extent of activity on the ground.

By expanding our Phase 1 Emergency Shoe Aid delivery project, we began building a network on the ground to further expand our support planned for 2025-26.

Gaza had one rubbish dump before the decimation of their country; however, since the Israeli bombardment, the entire Gaza Strip has been reduced to rubble, and dumps have formed in numerous locations, where displaced communities have set up camps.

5

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

There is no waste system or removal of waste, as critical infrastructure has been destroyed or damaged. This massive humanitarian crisis and the toxic environment in which people are trying to survive not only have the same conditions as the dump sites to which we deliver, but also the added horror of extreme violence and constant displacement.

After establishing our first phase 1 shoes distributions last year, this year we sought to establish a stronger delivery partner working on the ground, who shared our charitable objectives, with whom we could deliver greater numbers of shoes to children. We began a partnership with The Sameer Project, and thanks to that have increased our delivery by 10 times compared to last year. Together, we delivered shoes to barefoot children in North Gaza, Al Shujauya and Mah’aba camp.

Dandora Dump Site, Nairobi, Kenya

Who We Helped:

166 children. Phase 1 Shoe Aid Delivery

Small Steps Project partnered with the Jua Foundation to deliver shoes from Feb-Jun 2025.

166 children were given shoes during that period, and distributions continued in the following financial year. By delivering alongside the Jua Foundation and remotely, we were able to ascertain whether a more sustainable partnership was feasible for 2025-26.

PHASE TWO SUSTAINABLE PROJECTS

Project 1 | Masaka Dump Project, Uganda | Small Steps Masaka

Who We Helped:

We helped 212 beneficiaries, a year-on-year increase of 66% , consisting of 106 children aged two and over, 23 babies under two, and 16 adults regularly. We additionally helped 67 families living and working on and around the dump site, and 8 parents regularly volunteered at the centre.

6

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Support |Masaka

7

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Aid Delivery |Masaka

125 children were given school shoes or Wellington boots.

Project 2 | Ngong Dump Project, Ngong Kenya | Green Steps Project

Who we helped :

We have helped 128 people: 53 individual children over two, 27 babies under two and 30 adults, all of whom are parents. 18 vulnerable families received targeted support. 7 adults volunteered regularly at the centre.

8

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Aid Delivery | Ngong

A total of 2,611 items have been distributed to the children from the dump site.

9

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Project 3 | Korogocho Slums, Nairobi, Kenya|Komb Green Solutions

Komb Green Solutions is a community-based green restoration project in one of Kenya’s largest slums that surrounds the Dandora Landfill site in Nairobi. They revive polluted rivers and drainage systems and re-green riparian wasteland for the community, including child-safe green spaces.

We previously funded, built and trained the team with a waterless eco-toilet and training in the creation and use of Lactobacillus for processing human waste. We continued to provide materials and support for them to continue to develop the WASH area.

Who We Helped:

We helped 338 people: 300 children over two years old, 19 babies aged under two years old and 19 adults. 16 volunteers regularly helped at the centre.

10

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d)

FOR THE YEAR ENDED 30TH JUNE 2025

Aid Delivery |Korogocho

Part Four: Overseas Staff and Training

This year we did in-person site visits to all East African projects.

This year, we employed 10 local overseas staff and had the support of 36 local volunteers.

In Masaka, Small Steps Uganda, we employed 3 staff: a project manager, a nurse and a teacher and 8 parents volunteered regularly.

In Ngong, Green Steps Project, we employed 4 full-time staff: a project manager, assistant manager, teacher and a creche supervisor and had 7 regular volunteers.

We supported 2 members of staff on the Korogocho project. 16 members of the community volunteered regularly at the centre.

The Jua Project employed 1 member of staff and had 3 volunteers. Our phase 1 shoes distributions and site visit have provided us with the information we need to develop this project further.

In Gaza we worked with a further 5 staff at the Sameer project. Though unable to visit Palestine at this time, we intend to meet with our partners in the UK to strengthen our understanding of the delivery on the ground and deepen our knowledge through regular meetings with our partners to discuss the ever-changing needs on the ground created by the genocide.

11

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Part Five: Charity Infrastructure

The charity has a board of three trustees who work directly with the CEO. This reporting year, there has been one fulltime staff member who has merged several roles, including marketing and social media, campaigning, aid delivery and project management. Our accounts manager continued to work part-time on both the bookkeeping and project statistics and data. We employed a freelance fundraiser to support our fundraising efforts through trusts and grants for our existing projects.

Fundraising & Campaigning Activities

Part Six: Future Plans and Developments

Overseas Project Plans 2025-2026

East Africa

Palestine

12

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d)

FOR THE YEAR ENDED 30TH JUNE 2025

UK Team’s Future Fundraising & Campaigning Work

Part Seven: Principal Funding Sources

This year, we plan to continue to employ a grant writer to strengthen our current initiatives by developing our trusts and grants fundraising capacities.

We plan to market specific online campaigns to raise funds for targets driven by public demand, and also enable the public to choose where they donate their funds

Currently, the Celebrity Shoe Auction is our principal source of unrestricted funding, and this year, we plan to use the funds to provide emergency aid in the form of shoes to children in Palestine, specifically the Gaza Strip. We plan to work with existing celebrity shoe donors so that they continue to support and donate to us.

The Celebrity Shoe Auction raised £26,000, and £17,530 was raised from charitable trusts and grants, which is restricted to certain activities in our East African projects.

Note: Photographs of all projects and more details of work, films and social media are featured on the website: www.smallstepsproject.org

Financial review

The Statement of Financial Activities showed net deficit of £14,873 (2024 - £31,404) for the year and reserves stand at £33,020 (2024 - £47,893). The financial position at the year end revealed by the Balance Sheet shows net current assets or – working capital of £33,020 (2024 £47,893). The net book value of fixed assets held, all of which are used directly for charitable – purposes, amounted to £Nil (2024 £Nil).

Reserves policy

In the Trustee's view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. The trustees propose to maintain the charity's reserves at a level which is at least equivalent to six months operational expenditure and have done so having regards to its manner of operation of likely

13

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

funding streams. The Trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on a quarterly basis at their quarterly board meetings.

Six months running costs is calculated on the basis of projected expenditure, with no allowance made for projected income, adjusted in the light of any actual expenditure that exceeds projected expenditure. The current reserves amount fixed by the Charity is £25,000

The Trustees have adopted a reserves policy through which we will aim to build and maintain a level of reserves equivalent to up to six months running costs. The unrestricted funds not designated or invested in tangible fixed assets held by the charity are £33,020 (2024 - £47,893).

Six months running costs is sufficient to allow some time for seeking alternative funding sources in the event that find ourselves without enough income to meet our objectives and then, should further funding not be available, to allow sufficient funds remain to wind up the charity in an orderly fashion.

Structure, governance and management

Governing Document

Small Steps Project Limited is registered as a company limited by guarantee and not having share capital. Its operations are governed by its Memorandum and Articles of Association (M&AA).

Small Steps Project Limited was registered at Companies House on 06 June 2010 under registration number 07277814 and the charity is registered with the Charities Commission under reference number 1137443.

Organisation Structure

The Charity is structured so that the Board of Trustees, who meet at regular intervals, deal with the policy and overall control of the Charity’s activities. Day to day management is in the hands of the Chief Executive who reports to the Board of Trustee s.

The Chief Executive has responsibility for the executive management of the charity and for the inline management of the staff team which is comprised of a personal assistant and part-time volunteers.

Trustee Induction and Training

The Trustees maintain a good working knowledge of charity and company law and best practice by regular reading of charity press articles and scrutiny of Companies House, Charity Commission and other Government and voluntary organisation advisory websites. New Trustees are given copies of the Memorandum and Articles of Association and copies of previous minutes and attend an induction session given by an experienced Trustee.

Related parties

The charity has relationships with related parties and other charities and organisations with which it co-operates in pursuit of its charitable objectives.

Risk Management

The Board of Trustees, who meet at three monthly intervals, are responsible for ensuring that the charity has the systems and means to provide reasonable assurance against inherent risks. These risks include operational, financial and regulatory risks. The Trustees have a risk management strategy which comprises;

14

SMALL STEPS PROJECT TRUSTEES REPORT (Cont/d) FOR THE YEAR ENDED 30TH JUNE 2025

Statement of trustees' responsibilities

The trustees, who are also the directors of Small Steps Project Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relatingto small companies.

The trustees' report was approved by the Board of Trustees and signed on its behalf by:

==> picture [118 x 87] intentionally omitted <==

----- Start of picture text -----
SIGN
Thomas Phillips
Trustee
----- End of picture text -----

19 March 2026

15

SMALL STEPS PROJECT LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SMALL STEPS PROJECT LIMITED

I report to the trustees on my examination of the financial statements of Small Steps Project Limited (the charitable company) for the year ended 30 June 2025.

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my Independent Examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

David Terry

RAA Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA

Dated: 19 March 2026

16

SMALL STEPS PROJECT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted Restricted Total Total
funds funds 2025 2024
Notes £ £ £ £
Income from:
Donations and legacies 3 13,703 17,530 31,233 7,630
Other trading activities 4 33,787 - 33,787 30,322
Investments 5 712 - 712 1,455
Total income 48,202 17,530 65,732 39,407
Expenditure on:
Raising funds 6 5,955 - 5,955 7,483
Charitable activities 7 57,120 17,530 74,650 63,328
Total expenditure 63,075 17,530 80,605 70,811
Net expenditure for the year/
Net movement in funds (14,873) - (14,873) (31,404)
Fund balances at 1 July 2024 47,893 - 47,893 79,297
Fund balances at 30 June 2025 33,020 - 33,020 47,893

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 19 to 27 form part of these financial statements.

17

SMALL STEPS PROJECT LIMITED

BALANCE SHEET

AS AT 30 JUNE 2025

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Income funds
Unrestricted funds		 2025
£
42,237
(9,217)		 2024
£
£
58,681
(10,788)
33,020
33,020
33,020		 £
47,893
47,893
47,893

The notes on pages 19 to 27 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The directors acknowledge their responsibilities for:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 19 March 2026 and were signed on its behalf by:

==> picture [16 x 6] intentionally omitted <==

----- Start of picture text -----
SIGN
----- End of picture text -----

Thomas Phillips Trustee

Company registration number 07277814

18

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. 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.

1.2 Going concern

– The Charity’s Financial Statements show net deficit of £ 14,873 (2024 £31,404) for the year and free reserves of £33,020 (2024 - £47,893). The trustees are of the view that these results have secured the immediate future of the Charity for the next 12 to 18 months and on this basis the Charity is a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific 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.

1.4 Income

All income is included in the statement of financial activities when the Charity is legally entitled to it, receipt is probable and the amount can be measured with sufficient reliability.

Grant income

Grants are credited to the statement of financial activities when the Charity is entitled to the funds. Income is only deferred where there are time constraints imposed by the donor or if the funding is performance related. Where entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met.

Grants supporting the core activities of the Charity and with no specific restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included within income from charitable activities.

Capital grants for the purchase of fixed assets are credited to restricted incoming resources on the earlier date of when they are received or receivable. Depreciation on the related fixed assets is charged against the restricted fund.

19

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Donations and legacies

Donations are recognised in the period in which they are received. Legacy income is recognised when the charity’s entitlement is judged to be probable and where the amount can be reliably measured.

Fundraising income

Fundraising income is credited to income in the year in which they are receivable.

Investment income

Investment income is included when receivable.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the Charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

25% Straight Line Method

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

20

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.9 Taxation

The Charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

1.10 Creditors and Provisions

Creditors and provisions are recognised when the charitable company has a legal or constructive present obligation as a result of a past event, it is probable that the charitable company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

1.11 Volunteers and donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit 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), the general volunteer time is not recognised and refers to the trustees’ annual report for more information about their contribution.

On receipt, donated 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 facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.12 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.13 Cash flow statement

The charitable company qualifies as a small company and advantage has been taken of the exemption provided by SORP (FRS 102) as amended by Bulletin 2, not to prepare a cash flow statement.

2 Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

21

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
Individual donation
8,703
-
Corporate donations
5,000
-
Donation from Charitable trusts
-
17,530
13,703
17,530
For the year ended 30 June 2024
7,630
-
4
Other trading activities
Unrestricted
funds
£
Celebrity Shoe Auction
24,781
Merchandising income
6
Celebrity Meet and Greets
9,000
33,787
For the year ended 30 June 2024
30,322		 Total
2025
£
8,703
5,000
17,530
31,233
Total
2025
£
24,781
6
9,000
33,787		 Total
2024
£
2,630
5,000
-
7,630
7,630
Total
2024
£
30,322
-
-
30,322
30,322
5
Investments
Unrestricted
funds
£
Bank interest
712
712
For the year ended 30 June 2024
1,455		 Total
2025
£
712
712		 Total
2024
£
1,455
1,455
1,455

22

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

6 Raising funds

Unrestricted
funds
£
Fundraising and publicity
Celebrity Shoe Auction
4
Other fundraising costs
3,093
Share of support costs (see note 8)
2,640
Share of governance costs (see note 8)
218
5,955
For the year ended 30 June 2024
Fundraising and publicity
7,483
7,483
Charitable activities
Supporting
beneficiaries
in rubbish
dumps
£
Staff costs
13,200
Direct project costs
35,726
48,926
Share of support costs (see note 8)
23,764
Share of governance costs (see note 8)
1,960
74,650
Analysis by fund
Unrestricted funds
57,120
Restricted funds
17,530
74,650
For the year ended 30 June 2024
Unrestricted funds
63,328
63,328		 Total
2025
£
4
3,093
2,640
218
5,955
Total
2025
£
13,200
35,726
48,926
23,764
1,960
74,650
57,120
17,530
74,650		 Total
2024
£
3,621
216
3,646
202
7,483
7,483
7,483
Total
2024
£
13,200
17,315
30,515
30,999
1,814
63,328
63,328
-
63,328
63,328
63,328

7 Charitable activities

23

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

8
Support costs
Support Governance
Total
costs
costs
2025
£
£
£
Administrative staff (Inc. Subcontractors)
19,818
-
19,818
Premises and equipment
-
-
-
Communications and IT cost
1,264
-
1,264
Book-keeping fees
4,150
-
4,150
Legal and professional costs
34
-
34
Other expenses
710
-
710
Travelling costs
428
-
428
Independent examiner's fees
-
2,178
2,178
26,404
2,178
28,582
Analysed between
Fundraising
2,640
218
2,858
Charitable activities
23,764
1,960
25,724
26,404
2,178
28,582
9
Net movement in funds
2025
£
Net movement in funds is stated after charging/(crediting)
Independent examiners' fees
2,178		 Total
2024
£
24,849
106
5,439
4,000
13
36
-
2,016
36,459
3,646
32,813
36,459
2024
£
2,016
10
Employees
Wages and salaries		 2025
£
13,200
13,200		 2024
£
13,200
13,200

There were no employees whose annual remuneration was more than £60,000.

No trustee received any remuneration or reimbursement of expenses during the year (2024 - £Nil).

The key management personnel of the charity comprise the Chief Executive Director. The total employee benefits of the key management personnel of the charity were £Nil (2024 - £Nil).

24

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

11 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals		 2025
£
7,039
-
2,178
9,217		 2024
£
4,085
4,687
2,016
10,788

12 Share capital

The charity is constituted as a company limited by guarantee and does not have a share capital divided by shares.

25

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

13 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 July 2023 resources expended 1 July 2024 resources expended 30 June 2025
£ £ £ £ £ £ £
Donation from Charitable trusts - - - - 17,530 (17,530) -
- - - - 17,530 (17,530) -

26

SMALL STEPS PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

14
Analysis of net assets between funds
Unrestricted
funds
£
Fund balances at 30 June 2025 are represented
by:
Current assets/(liabilities)
33,020
33,020		 Total
Unrestricted
2025
funds
£
£
33,020
47,893
33,020
47,893		 Total
2024
£
47,893
47,893

15 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

27