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← Step By Step London

2024-03-31-accounts

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE

YEAR ENDED 31 MARCH 2024

COMPANY REGISTRATION NUMBER 07597656 CHARITY NUMBER 1143986

COHEN ARNOLD

Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

CONTENTS PAGES
Members of the Board and professional advisers 1
Trustees Annual Report 2 to 9
Independent auditor's report to the members 10 to 13
Statement of financial activities (incorporating the
income and expenditure account) 14
Balance sheets 15 to 16
Statement of Cash Flows 17
Notes to the financial statements 18 to 27

STEP BY STEP LONDON (LIMITED BY GUARANTEE) MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

YEAR ENDED 31 MARCH 2024

Reference and administrative details

Registered charity name Step By Step London
Charity registration number 1143986
Company registration number 07597656
Principal office and registered 39 High Road
office London
England
N15 6DS
The trustees Mr L Schlesinger
Mr Y L Hager
Mrs R Margulies
Mr M Friesel
Mrs R Erblich
Mr B Hoffstatter
Independent auditor Cohen Arnold
Chartered Accountants
& Statutory Auditor
New Burlington House
1075 Finchley Road
LONDON
NW11 0PU
Bankers Barclays Bank Plc
P.O Box 544
54 Lombard Street
London EC3P 3AH
Solicitors Fladgate LLP
16 Great Queen St
London WC2B 5DG

- 1 -

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024.

Chair's report

Statement from the chair:

This is my second year as chair of Step by Step, a role I am privileged to hold. I am immensely proud of what the charity has achieved this past year thanks to the hard work and dedication of all our colleagues and volunteers, expertly supported by the leadership of Esther Hoffman, Director and her senior team.

The scale of unmet needs continues to guide the charity and inform its strategic direction. As a result, we have continued to increase the number of spaces available during sessions in order to provide more hours of care and offer a wider breadth of support. At the same time, we are ever mindful that, as we strive to reach more families, we do not compromise on the outstanding quality of our work.

It has been a busy year with many highlights and much positive feedback from our families and the local council. Our core values of Collaborative working, Child centered approach, Respect, Confidentiality, Creativity and last but not least, Care, underpins all our work.

Being a Trustee is a voluntary role and along with the other 350 plus Step by Step volunteers we play our part in delivering on the charity’s mission of helping families not just survive, but thrive . Thank you to all our volunteers who have given our children and their families vital respite and tools to continue. Thank you also to my fellow Trustees – your voluntary contribution is greatly appreciated.

Rabbi Hager Chair of Trustees

- 2 -

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Structure, governance and management

The Trustees

The Trustees who served the charity during the year were as follows: Mr B Hofstatter Mrs R Erblich Mr M Friesel Mrs R Margulies Rabbi Y L Hager Mr L Schlesinger

Day to day management and delivery of activities is delegated to the employed staff including a Director, a senior management team and 344 sessional and part time employees, and 358 volunteers.

Governing Document

Step by Step London is a Company Limited by Guarantee and is a registered charity. Its objects are set out in its Memorandum and Articles of Association and are to improve the condition of life for children with disabilities. The Trustees are responsible for governance of the organisation, and the Chair and Treasurer take an active part in strategic management and fundraising. None of the Trustees have been paid either for expenses incurred on behalf of or for services provided to the Charity or have had any beneficials interest in the Charity.

Trustees Appointment, Induction and Training

The power to appoint new trustees is vested in the existing Trustees. New trustees are recruited on the basis of their competence, specialist skills, and those who are able to promote the objectives of the Charity. All trustees have either a child or other family member with disabilities. New trustees are appointed by a resolution of the Trustees, which is recorded in the minutes and signed by the new trustee. New trustees are inducted into the workings of the Charity by the current Trustees which include an understanding of the content of the Memorandum and Articles of Association, their legal obligations under charity act and company law, the organisational structure, safeguarding children and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which enhance their knowledge and skill, thereby improving the performance of their role.

Risk Assessment

The Charity annually identifies and reviews the major risks to which it is exposed as detailed in our Business Continuity Plan updated in May 2022. The main potential risks relate to the protection and safety of vulnerable children in the Charity's care and financial risk to the Charity's funds. The charity is satisfied that these risks are robustly managed, through its policies, systems and procedures for Child Protection, Health and Safety and Financial Management and Controls.

Public Benefit

In planning activities for the year, the trustees took due heed of the Charity Commission's guidance on the requirement to provide public benefit. Services were targeted at children requiring an Orthodox Jewish setting, because of their faith and culture, but where places are available services are open to any child. The trustees have reviewed their Access to Services policy with due regard to the Charity Commission's public benefit guidance and are satisfied that they meet the requirements.

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Objectives and activities

Our Mission:

Step by Step's mission is to grant every young person with disabilities a happy, productive childhood and to support their families with respite breaks. Our mission also extends to include the benefit of our volunteers-through working with children with disabilities our volunteers learn, grow and become more sensitive.

Our Vision:

Step by Step's vision is of a community where children and young adults with disabilities enjoy a wide range of enriching experiences with their peers and where their families are well supported by respite services.

Our Objectives:

  1. To Provide enjoyable activities for disabled children and young people that contribute to their social, emotional, physical and intellectual development.

  2. Provide respite to the parents, carers and families of disabled children, enabling them to stay physically and emotionally healthy, keep their families intact and improve their lives.

Our Ethos:

Collaborative working

We are firm believers in collaborative working. We have seen the tremendous benefits that all gain when organisations share skills, advice and information with each other. We work closely with Hackney Social Services. We are also closely linked with Haringey Council and are a registered short breaks provider. Our partners include local children's centres, including Triangle Children's Center and other local organisations including Bikur Cholim D'Satmar, Misgav, Kef and Side by Side.

Child centered approach

All our services are designed by users / user feedback. We collect feedback from the children regularly, using communication aids when needed. The children are the ones that choose the activities that they prefer. All services are designed to give the children utmost independence and dignity in a safe way, whilst giving them the maximum benefit from sessions.

Cultivating respect

We place a big emphasis on accepting and respecting each other. In an organisation like ours, this is key. We hold a few training sessions a year for all our volunteers and carers and we strive to emulate that and never turn away a child. We accept every child, regardless of age, no matter how disabled or of their ability to pay. We will always make it work. For us, for the child and for the family of our user.

Confidentiality and Professionalism

This is the trust we have built and cultivated over the past 20+ years. We have been the leading provider of services for children with disabilities and have a continuity of providing services with those children and families. As a direct result of the standard we run by and the professionalism we strive for, we are a first choice for children and families with disabilities.

Creativity

We pride ourselves on constantly improving and innovating. We see which areas we can improve on and work with creativity to constantly better our services. By collaborating and learning all the time, we are able to rethink our processes, systems and services and make positive changes all the time.

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Care

We provide the highest quality care that we are able. We have a dedicated Head of Care who is in charge of ensuring that each child attends the services best suited to them and that the activities they do are tailored to their individual needs. The Head of Care also meets with the children and parents periodically to ensure that all sides are being heard. We collaborate with any professionals working with the child to ensure that our approach is consistent in all areas.

Achievements and performance

This year has been a year of growth in many directions. We have increased the number of spaces available for our children and have provided many more hours of free services, in addition to working on maintaining and improving the quality of our services. Positive improvements were evidenced with 94% of parents saying that they were very pleased with the level and quality of service overall.

Review of each of our services to determine effectiveness and need has shown the positive influence Step by Step has in our families lives with 97% of families saying that the family has benefited tremendously from joining Step by Step, with 90% seeing an additional ‘positive change’ physically and mentally in their child with disabilities.

Review of activities, performance and achievements

220+ children in service.

358 volunteers

10 000 hours + of volunteering

800+ family members directly benefiting

8+ different programmes

Sunday Club Life skills programme

Sunday Club is designed to teach vital life skills, including social skills, interpersonal skills, communication skills, hygiene for children aged 3-25. We ran 47 weeks of Sunday Club this year, for 5 groups of children 10 - 4pm. Children enjoyed a variety of activities including cooking, baking, sensory play, gardening and music sessions.

Outcomes:

  1. Improved independence and life skills. Over 80 users, so reliant on others, were able to make independent choices, decide on activities they want and felt empowered.

  2. Developed communication with more social awareness, regardless of how they communicate.

We run our Sunday Sessions in small divisions based upon ability, not age. This approach has proven to be the most effective and our users derive maximum benefit from having sessions split like this.

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Food and Nutrition Stay and Play sessions:

Stay and Play is an after-school club 3:30-6:30 daily. We ran 2 22 Stay 'n' Play sessions this past year with children who came straight from school to our Hub, and participated in a range of calm/stimulating activities. We served a hot and nourishing supper cooked onsite fresh by our in-house cook.

Outcomes:

  1. Improved health/nutrition: many of our children are from low-income homes and our healthy cooked food, with a variety of vegetables were enjoyed immensely by our users

  2. Reduced isolation and increased friendship: Having a disability often decreases opportunities for friendship. Our sessions offered the chance to make new friends, thereby reducing isolation and advancing social skills.

  3. Healthier families with improved emotional well-being. As a result of the respite, carers and families felt supported, energised and better able to cope with their child's needs.

Children get a visual activity pack where they can choose each day which type of activity they'd like to do. Choices include sensory play, highly active play, down time etc. The children have the ability to influence the way the session runs as they want it.

Holiday Playschemes:

We ran full day OFSTED registered holiday play-schemes for 80 children and young people in the Easter, Winter and Summer Holidays including half ter ms , amounting to 35 days. Programs included trips to farms and soft plays, theme parks, entertainers and fun sensory activities.

Outcomes:

  1. Improved family relationships and home environments as a collective 800 family members took a much needed break enabling families to recoup their strengths and be mentally healthier, lessening the risk of family breakdown.

  2. Increased positive behaviours as the children benefited from daily regular routine even during school holidays ensuring regression of skills were reduced. When the children came home after a happy and fun filled day at playscheme and the families of the children had had a relaxing day and break from caring, the mental health of all concerned was improved and strengthened.

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Health and Wellbeing Sports :

Our after school- Sport EXTRA programme ran for 220 children this past year. The sessions included ice skating, swimming, hydrotherapy, dance and exercise at local sport centres, with qualified instructors. With over 10 sessions per week, each for around 12 children, our vans were busy shuttling children to and from sessions.

Outcomes:

  1. Improved health and reduced obesity risks. Our participants, who often suffer from poor health due to their disabilities, were able to exercise safely and regularly supported by a volunteer carer. Our sessions improved: balance, core stability, strength and the ability to maintain/achieve healthy weight. 2. Improved confidence. Learning new skills such as ice-skating and swimming in a supportive and inclusive environment gave our participants the confidence to try new things and to see how much they are really capable of.

  2. Reduced isolation. Having a disability often results in having few opportunities for leisure activities. Our users can use their newfound swimming/ice skating/biking etc. skills outside our sessions with family and peers- further reducing isolation.

  3. Healthier families. Respite from these sessions left carers and families feeling supported, energised and better able to cope with their child's needs.

We hold an annual Sports Gala Event for each of our sports sessions offered. The children had the opportunity to showcase the new skills that they learned this past year. The gala event was a huge success and was attended by staff, parents and siblings. The children displayed their skills and received certificates listing their achievements.

Financial review

The charity ended the year with a surplus of £336 comprising £396,325 unrestricted funds and £23,293 restricted funds.

The trustees are extremely pleased that this was achieved, as services were expanded to accommodate some children on our waiting list. During this year, due to the cost of living crisis, it has been exceptionally difficult to rely on grant makers and foundations due to intense competition. Our social enterprise – an OFSTED registered nursery has brought in unrestricted income and this has enabled the budgeted activities expenses to be raised.

The ability to raise over £1m, is largely due to our generous funders and donors, who have been funding us consistently for many years, as well as those that have started to support our work more recently. We are indebted to these funders including long-time supporters, City Bridge Trust, The Childhood Trust, The Childwick Trust & Reaching Communities.

Going Concern

The trustees believe that the charity is able to continue as a going concern.

Reserves and Investment Policy

The Trustees aim to hold free reserves at a level of at least 3 months running costs and up to one year's running costs. This is to protect the Charity in the event that income for a project is lower than anticipated and to act as a cushion to protect services in the event of a time limited grant ending before having secured funding from a new source. At 31 March 2024 the free reserves were £396,325 covering running costs for approximately 3 months.

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Plans for future periods

Future Plans:

  1. To maintain the level of service offered to families every Sunday, daily after school, and during school holidays.

  2. To lease a local disused hydro pool from the council and renovate, refurbish and expand its current capabilities in order to be able to run many more sessions for our children. We will also install a hyperbaric chamber to benefit all users of the hydro pool.

  3. To provide more support for the families of the children by lobbying for more care packages from the council, and supporting families by applying for grants on their behalf.

  4. To introduce a Head of Care who will liaise and plan with the parents, carers, children and professionals working with each child about a proper care plan while they attend Step by Step services.

Trustees' responsibilities statement

The trustees, who are also directors for the purposes 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

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

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITOR

Each of the persons who is a trustee at the date of approval of this report confirms that:

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 31 January 2025 and signed on behalf of the board of trustees by:

............................ Mrs R Erblich Trustee

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF STEP BY STEP LONDON

YEAR ENDED 31 MARCH 2024

OPINION

We have audited the financial statements of Step By Step London (the ‘parent company’) and its subsidiary (the ‘group’) for the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Parent Company Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The Financial Reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the parent company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF STEP BY STEP LONDON

YEAR ENDED 31 MARCH 2024

material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF STEP BY STEP LONDON

YEAR ENDED 31 MARCH 2024

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF STEP BY STEP LONDON

YEAR ENDED 31 MARCH 2024

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

New Burlington House 1075 Finchley Road LONDON NW11 0PU 31 January 2025

DAVID GOLDBERG (Senior Statutory Auditor) For and on behalf of COHEN ARNOLD Chartered Accountants & Statutory Auditor

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME & EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2024

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
Note £ £ £ £
INCOME AND
ENDOWMENTS
Donations and legacies 4 304,833 536,569 841,402 904,154
Charitable activities 5 334,153 - 334,153 350,389
Other trading activities:
Mini Steps London 6 280,471 - 280,471 178,366
Investment income 7 63 - 63 43
---------------------------------------------- ------------------------------------ ---------------------------------------------- ----------------------------------------------
TOTAL INCOME 919,520 536,569 1,456,089 1,432,952
════════════ ══════════ ════════════ ════════════
EXPENDITURE
Expenditure on raising funds:
Costs of raising donations
and legacies 8 73,848 - 73,848 38,638
Expenditure on charitable
activities 9-11 681,550 513,276 1,194,826 1,242,420
Mini Steps London 12 187,079 - 187,079 121,234
---------------------------------------------- ------------------------------------ ---------------------------------------------- ----------------------------------------------
TOTAL 942,477 513,276 1,455,753 1,402,292
════════════ ══════════ ════════════ ════════════
NET (DEFICIT) /
SURPLUS (22,957) 23,293 336 30,660
Transfer between funds 59,732 (59,732) - -
---------------------------------------------- ------------------------------------ ---------------------------------------------- ----------------------------------------------
Net movement in funds 36,775 (36,439) 336 30,660
RECONCILIATION OF
FUNDS
Total funds brought forward 359,550 59,732 419,282 388,622
------------------------------------ ------------------------------- ------------------------------------ ------------------------------------
TOTAL FUNDS CARRIED
FORWARD 396,325 23,293 419,618 419,282
==================================== =============================== ==================================== ====================================

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 18 to 27 form part of these financial statements.

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STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

CONSOLIDATED BALANCE SHEET

31 MARCH 2024

2024 2023
Note £ £ £
FIXED ASSETS
Tangible fixed assets 17 144,513 113,702
------------------------------------- -------------------------------------
CURRENT ASSETS
Debtors 19 368,582 396,519
Cash at bank and in hand 109,999 52,545
------------------------------- -------------------------------
478,581 449,064
CREDITORS: amounts falling due within one
year 20 203,476 143,484
------------------------------- -------------------------------
NET CURRENT ASSETS 275,105 305,580
------------------------------------- -------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 419,618 419,282
------------------------------------- -------------------------------------
NET ASSETS 419,618 419,282
===================================== =====================================
FUNDS OF THE CHARITY
Restricted funds 22 23,293 59,732
Unrestricted funds 23 396,325 359,550
------------------------------------- -------------------------------------
TOTAL CHARITY FUNDS 419,618 419,282
===================================== =====================================

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

These financial statements were approved by the board of trustees and authorised for issue on ………………………….., and are signed on behalf of the board by:

.............................

Mrs R Erblich

Trustee

Company Registration Number: 07597656

The notes on pages 18 to 27 form part of these financial statements.

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STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

BALANCE SHEET

31 MARCH 2024

2024 2023
Note £ £ £
FIXED ASSETS
Tangible fixed assets 17 135,730 105,929
Investments 18 1 1
------------------------------------- -------------------------------------
135,731 105,930
CURRENT ASSETS
Debtors 19 368,160 394,616
Cash at bank and in hand 98,128 51,578
------------------------------- -------------------------------
466,288 446,194
CREDITORS: amounts falling due within one
year 20 186,930 140,854
------------------------------- -------------------------------
NET CURRENT ASSETS 279,358 305,340
------------------------------------- -------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 415,089 411,270
------------------------------------- -------------------------------------
NET ASSETS 415,089 411,270
===================================== =====================================
FUNDS OF THE CHARITY
Restricted funds 22 23,293 59,732
Unrestricted funds 23 391,796 351,538
------------------------------------- -------------------------------------
TOTAL CHARITY FUNDS 415,089 411,270
===================================== =====================================

The Charity's own net surplus for the year was £3,819 (2023: £26,028).

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

These financial statements were approved by the board of trustees and authorised for issue on ……………………….., and are signed on behalf of the board by:

............................

Mrs R Erblich

Trustee

Company Registration Number: 07597656

The notes on pages 18 to 27 form part of these financial statements.

- 16 -

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2024

2024 2023
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net income 336 30,660
Adjustments for:
Depreciation of tangible fixed assets 46,517 31,625
Interest receivable (63) (43)
Changes in:
Trade and other debtors 27,938 54,067
Trade and other creditors 59,992 (37,756)
────────── ──────────
Cash generated from operations 134,720 78,553
Interest received 63 43
────────── ──────────
Net cash from operating activities 134,783 78,596
══════════ ══════════
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible assets (77,329) (36,579)
─────────── ───────────
Net cash used in investing activities (77,329) (36,579)
══════════ ══════════
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowing - -
─────────── ───────────
Net cash from financing activities - -
══════════ ══════════
NET INCREASE / (DECREASE) IN CASH AND
CASH EQUIVALENTS 57,454 42,017
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 52,545 10,528
------------- -------------
CASH AND CASH EQUIVALENTS AT END OF YEAR 109,999 52,545
══════════ ══════════

The notes on pages 18 to 27 form part of these financial statements.

- 17 -

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

1.

GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 39 High Road, London, England, N15 6DS.

2.

STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)); the companies act 2006 and the Charities Act 2011.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in Sterling, which is the functional currency of the entity.

The charity constitutes a public benefit entity as defined by FRS102.

Consolidation

The group financial statements incorporate the audited financial statements of the company and its wholly owned subsidiary, Mini Steps London Limited, whose financial statements are made up to the same date as the holding company 31 March 2024.

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Going Concern

There are no material uncertainties about the charity’s ability to continue.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.

Grants and donations

Grants and donations are only included in the statement of financial activities when the Charity has unconditional entitlement to the resources. Donations represent voluntary amounts received during the year.

- 18 -

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Legacies

Legacies are included in the Financial Statements as soon as their receipt can be anticipated with a high degree of certainty. This frequently coincides with the funds being received.

Fund accounting

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in the furtherance of the general objectives of the Charity.

Restricted funds are funds subject to specific restricted conditions imposed by donors.

Designated funds are funds which have been set aside at the discretion of the Trustees for specific purposes. There are no Designated Funds as at the Balance Sheet date.

Expenditure

Expenditure is charged on an accruals basis and allocated to the appropriate headings in the accounts.

The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include elements of staff costs and attributable support costs.

Support costs

Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of time and other resources dedicated to the respective services.

Governance costs

Governance costs are associated with the governance arrangements of the Company and Charity and relate to the general running of both. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold property over the life of the lease
Motor Vehicles 15% reducing balance
Equipment some at 33% reducing balance, some at 25% RB
Office Equipment 20% reducing balance

- 19 -

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

4. DONATIONS AND LEGACIES

4. DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Donations and other grants
304,833 456,685 761,518
Grants
Public sector grants - 79,884 79,884
------------------------------------- ------------------------------- -------------------------------------
304,833 536,569 841,402
===================================== =============================== =====================================
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Donations and other grants 518,125 345,573 863,698
Grants
Public sector grants - 40,456 40,456
------------------------------------- ------------------------------- -------------------------------------
518,125 386,029 904,154
===================================== =============================== =====================================
5. INCOME FROM CHARITABLE ACTIVITIES
Total Funds
Unrestricted Total Funds Unrestricted
Funds 2024 2023
£ £ £
Statutory fees 154,820 154,820 216,439
User fees 179,333 179,333 133,950
------------------------------------- ------------------------------------- -------------------------------------
334,153 334,153 350,389
=============================================== =============================================== ===============================================
6. OTHER TRADING ACTIVITIES
Total Funds
Unrestricted Total Funds
Unrestricted
Funds 2024 2023
£ £ £
Mini Steps London income 280,471
280,471		 178,366
============== ============== ==============
7. INVESTMENT INCOME
Total Funds
Unrestricted Total Funds
Unrestricted
Funds 2024 2023
£ £ £
Bank interest receivable 63
63		 43
============== ============== ==============

- 20 -

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

8. COSTS OF RAISING DONATIONS AND LEGACIES

Total Funds
Unrestricted Total Funds Unrestricted
Funds 2024 2023
£ £ £
Fundraising costs 73,848 73,848 38,638
===================================== ===================================== =====================================
9. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Holiday Play Schemes 48,050 72,473 120,523 170,977
Sunday Programme 152,328 168,696 321,024 202,827
Sports Activities 133,821 111,925 245,746 219,790
Stay and Play 164,301 160,182 324,483 471,415
Support costs 183,048 - 183,048 177,411
----------------------------------------------- ----------------------------------------------- ----------------------------------------------- -----------------------------------------------
681,550 513,276 1,194,826 1,242,420
=============================================== =============================================== =============================================== ==============================================

Of the £1,242,420 expenditure in 2023, £839,434 was charged to unrestricted funds and £402,986 to restricted funds.

10. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Activities
undertaken Support Total Funds Total Funds
directly costs 2024 2023
£ £ £ £
Holiday Play Schemes 120,523 19,638 140,161 193,497
Sunday Programme 321,024 32,246 353,270 239,805
Sports Activities 245,746 51,642 297,388 239,252
Stay and Play 324,485 79,522 404,007 569,866
----------------------------------------------- ----------------------------------------------- ----------------------------------------------- -----------------------------------------------
1,011,778 183,048 1,194,826 1,242,420
=============================================== =========================================== =============================================== ==============================================

11. ANALYSIS OF SUPPORT COSTS

Office Governance
costs Other costs costs Total 2024 Total 2023
£ £ £ £ £
Sunday Programme 4,288 26,360 1,585 32,233 38,555
Holiday Play Schemes 2,612 16,054 1,026 19,692 23,481
Sports Activities 6,870 42,216 2,539 51,625 20,292
Stay and Play Programme 10,579 65,009 3,910 79,498 95,083
------------------------------------- ------------------------------------- ------------------------------------- ------------------------------------- -------------------------------------
24,349 149,639 9,060 183,048 177,411
===================================== ===================================== ========================================= ===================================== =====================================

- 21 -

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

12. COSTS OF OTHER TRADING ACTIVITES

12. COSTS OF OTHER TRADING ACTIVITES
Total Funds
Unrestricted Total Funds Unrestricted
Funds 2024 2023
£ £ £
Mini Steps London costs 187,079 187,079 121,234
===================================== ===================================== =====================================
13. NET INCOME FOR THE YEAR
This is stated after charging:
2024 2023
£ £
Depreciation of tangible fixed assets 46,517 31,625
=============================== ===============================
14. AUDITORS REMUNERATION
2024 2023
£ £
Fees payable for the audit of the financial statements 9,000 6,500
========================== ==========================
15. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
2024 2023
£ £
Wages and salaries 586,237 728,343
Social security costs 4,342 5,005
Employer contributions to pension plans 661 983
----------------------------------------------- -----------------------------------------------
591,240 734,331
=============================================== ==============================================
Particulars of employees:
The average number of employees during the year is analysed as
follows:
2024 2023
Average number of staff 91
--------------		 165
--------------

No employee received employee benefits of more than £60,000 during the year (2023: nil).

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £31,180 (2023: £46,535).

16. TRUSTEE REMUNERATION AND EXPENSES

No trustees received any remuneration during the year (2023: £nil). The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

- 22 -

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

17. TANGIBLE FIXED ASSETS

Group and company

Freehold Motor Office
Property Vehicles Equipment Equipment Total
£ £ £ £ £
Cost
At 1 April 2023 153,752 99,962 92,120 51,175 396,739
Additions 21,159 - 16,578 39,592 77,329
Transfers - - - - -
------------------------------------- -------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 31 March 2024 174,911 99,692 108,698 90,767 474,068
===================================== ========================== =============================== ===================================== =====================================
Depreciation
At 1 April 2023 112,160 69,848 67,361 33,669 283,038
Charge for the year 17,894 4,477 12,726 11,420 46,517
------------------------------- ------------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 31 March 2024 130,054 74,325 80,087 45,089 329,555
===================================== ========================== =============================== ===================================== =====================================
NET BOOK VALUE
At 31 March 2024 44,857 25,367 28,611 45,678 144,513
===================================== ========================== =============================== ===================================== =====================================
At 31 March 2023 41,592 29,844 24,759 17,506 113,701
===================================== ========================== =============================== ===================================== =====================================

Company

Freehold Motor Office
Property Vehicles Equipment Equipment Total
£ £ £ £ £
Cost
At 1 April 2023 153,752 99,962 79,812 51,175 384,431
Additions 21,159 - 12,609 39,592 73,360
Transfers - - - - -
------------------------------- ----------------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 31 March 2024 174,911 99,692 92,421 90,767 457,791
===================================== ===================================== =============================== ===================================== =====================================
Depreciation
At 1 April 2023 112,160 69,848 62,826 33,669 278,502
Charge for the year 17,894 4,477 9,767 11,420 43,558
------------------------------- ------------------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 31 March 2024 130,054 74,325 72,593 45,089 322,061
===================================== ===================================== =============================== ===================================== =====================================
NET BOOK VALUE
At 31 March 2024 44,857 25,367 19,828 45,678 135,730
=============================== ========================== =============================== ===================================== =====================================
At 31 March 2023 41,592 29,844 16,986 17,506 105,928
===================================== ===================================== =============================== ===================================== =====================================

- 23 -

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

18. INVESTMENTS

Shares in group undertakings

Shares in group undertakings
2024
£
Cost or valuation at 31 March 2024 1
===============
Impairment at 31 March 2024 -
===============
Carrying amount at 31 March 2024 1
===============
Carrying amount at 31 March 2023 1
===============

Analysis of investments at 31 March 2023 between funds

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Other investments
UK Group undertakings 1 - 1 1
=============== =============== =============== ===============

The subsidiary undertaking, Mini Steps London Limited, is a wholly owned trading company, incorporated and registered in England and Wales, whose registered address is 39 High Road, London, N15 6DS, United Kingdom. The aggregate capital and reserves as at 31 March 2024 totalled £4,530. The loss for the year totalled £3,483.

19. DEBTORS

DEBTORS
Group Company
2024 2023 2024 2023
£ £ £ £
Amounts owed by group undertakings - - 1,785
Trade Debtors 150,039 179,606 150,039 179,606
Prepayments and accrued income 60,750 41,448 60,750 41,448
Other debtors 157,793 175,465 157,371 173,562
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
368,582 396,519 368,160 396,401
==================================== ==================================== ===================================== =====================================

See note 27 for related party transactions included in other debtors.

20. CREDITORS: Amounts falling due within one year

Group Company
2024 2023 2024 2023
£ £ £ £
Trade Creditors 79,877 46,487 79,877 46,487
Accruals and deferred income 25,500 50,096 24,600 48,476
Other creditors 98,099 46,901 82,453 45,891
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
203,476 143,484 186,930 140,854
==================================== ==================================== ===================================== =====================================

- 24 -

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

21. PENSIONS AND OTHER POST RETIREMENT BENEFITS

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £661 (2023: £983).

22. RESTRICTED INCOME FUNDS

Group and Company

Balance at Incoming Outgoing Balance at
1 April 2023 resources resources Transfers 31 March 2024
£ £ £ £ £
Restricted Fund 59,732 536,569 (513,276) (59,732)
23,293
==================================== ==================================== ==================================== ==================================== ====================================
Balance at Incoming Outgoing Balance at
1 April 2022 resources resources Transfers 31 March 2023
£ £ £ £ £
Restricted Fund 76,689 386,029 (402,986) -
59,732
==================================== ==================================== ==================================== ==================================== ====================================
Funds
brought 31 March
forward Incoming Outgoing 2024
£ £ £ £
Capital 47,500 23,293 (47,500) 23,293
Sports Activities 1,930 111,925 (113,855) -
Holiday Play Schemes 6,002 72,473 (78,475) -
Stay and Play 4,300 160,182 (164,482) -
Sundays - 168,696 (168,696) -
----------------------------------------------- ----------------------------------------------- ----------------------------------------------- -----------------------------------------------
59,732 536,569 596,301 23,293
=============================================== =========================================== =============================================== ==============================================
Funds brought 31 March
forward Incoming Outgoing 2023
£ £ £ £
Capital 66,357 11,429 (30,286) 47,500
Sports Activities 5,331 80,703 (84,104) 1,930
Holiday Play Schemes - 55,533 (49,531) 6,002
Stay and Play 5,000 146,554 (147,254) 4,300
Sundays - 91,812 (91,812) -
----------------------------------------------- ----------------------------------------------- ----------------------------------------------- -----------------------------------------------
76,688 386,031 (402,987) 59,732
=============================================== =========================================== =============================================== ==============================================

- 25 -

STEP BY STEP LONDON (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

23. UNRESTRICTED INCOME FUNDS

Group

Group
Balance at Incoming Outgoing Balance at
1 April 2023 resources resources Transfers
31 March 2024
£ £ £ £ £
General Funds 359,550 919,520 (942,477) 59,732 396,325
==================================== ==================================== ==================================== ==================================== ====================================
Balance at Incoming Outgoing Balance at
1 April 2022 resources resources Transfers 31 March 2023
£ £ £ £ £
General Funds 311,933 1,046,923 (999,306) - 359,550
==================================== ==================================== ==================================== ==================================== ====================================
Company
Balance at Incoming Outgoing Balance at
1 April 2023 resources resources Transfers
31 March 2024
£ £ £ £ £
General Funds 351,538 735,924 (755,398) 59,732 391,796
==================================== ==================================== ==================================== ==================================== ====================================
Balance at Incoming Outgoing Balance at
1 April 2022 resources resources Transfers 31 March 2023
£ £ £ £ £
General Funds 308,553 921,057 (878,072) - 351,538
==================================== ==================================== ==================================== ==================================== ====================================

24. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Group

Group
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 144,513 - 144,513
Current assets 455,288 23,293 478,581
Creditors less than 1 year (203,476) - (196,524)
------------------------------- ------------------------------------- -------------------------------------
Net assets 396,325 23,293 423,882
=============================== ===================================== =====================================
Company Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 135,730 - 135,730
Investments 1 - 1
Current assets 442,995 23,293 466,288
Creditors less than 1 year (186,930) - (186,930)
------------------------------- ------------------------------------- -------------------------------------
Net assets 391,796 23,293 415,089
=============================== ===================================== =====================================

- 26 -

STEP BY STEP LONDON

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

24. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)

Unrestricted Restricted Total Funds
Group Funds Funds 2023
£ £ £
Tangible fixed assets 66,202 47,500 113,702
Current assets 436,832 12,232 449,064
Creditors less than 1 year (143,484) - (143,484)
------------------------------- ------------------------------------- -------------------------------------
Net assets 359,550 59,732 419,282
=============================== ===================================== =====================================
Company Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Tangible fixed assets 58,429 47,500 105,929
Investments 1 - 1
Current assets 433,964 12,230 446,194
Creditors less than 1 year (140,854) - (140,854)
------------------------------- ------------------------------------- -------------------------------------
Net assets 351,538 59,732 411,270
=============================== ===================================== =====================================
25. ANALYSIS OF CHANGES IN NET DEBT
Group
At 31
At 1 April March
2023
Cash flows		 2024
£ £ £
Cash in hand and at bank 52,545 57,453 109,999
------------------------------------ ------------------------------------ ------------------------------------
52,545 57,453 109,999
==================================== ==================================== ====================================
26. OPERATING LEASE COMMITMENTS
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than 1 year 21,800 28,800
Later than 1 year and not later than 5 years 57,600 86,400
------------------------------------- -------------------------------------
79,400 115,200
===================================== =====================================

27. RELATED PARTY TRANSACTIONS

Amounts owed by group undertakings in note 19 relates to Mini Steps London Limited, a wholly owned subsidiary of Step By Step London.

28. COMPANY LIMITED BY GUARANTEE

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

- 27 -