| Page | |
|---|---|
| Reference andAdministrativeDetails | I |
| Report of theTrustees | 2to3 |
| Independent Examiner'sReport | 4 |
| Statementof FinancialActivities | 5 |
| BalanceSheet | 6 |
| NotestotheFinancialStatements | 7to16 |
| DetailedStatementof FinancialActivities | 17to18 |
Fit Step$ Nutritiott Trn$¢ Report of the Trv51ees for ihe Year EAded 3J Jyty 21)20 FINANCIAL REVIEW poliry The Trusiees agreed this ycarlo maintain 5¢ve5 01"£30.(iOO and ihe ILceS are satisfd Ihat the current level of free resern'es is suifTcicnt for the eharity io cany i>ul its Objectic$ in ihe lulvre. The fac of the cknitts work wftll Yenwin the game in 2020r21. The org8nisatiOn W•5 first Set up l Au8ltst 2011 a 8iryrrning It sulwtty 8ppli¢d for, and Wa5 grxnte4 clllrilBble stath as ¥ March 2011 The ¢lwity ts c(Aknlkd by its governing doGumenL being a which thty can iK T)lnted for a fioiher period of thrte yem iry In selecting individuals for ap]ntille trustees. trllstees must have red trj the skilL% kTh)wledee aud experience needed for the effe¢liv¢ odrninistrntioty of the charty. TTUStccJ mrft at ¢DW 6 ycdr and at kas1 on¢ of th( m¢¢tin85 must be held with all tnte¢S iYesthL TTVSSees c4n iy rettved from oifice if they ¥e Absent for all nxetings Iwer a period of a year cmployKs. SonK ft? w¢ by Jtstraud Ihis will l]Dur ill 202012021. PUBLIC BENEFrr The Tft$ confim) thllt tw Iw t4Jryilied with the in sttliL 4 of the Chwities Act 2006 to have due reRard to tt public itfit gum18 pubIL41 ty the commiwn in detenninin£ the activities undertaken by the elwity. Approved by order of the Ix)ard of tfusiees on 5 Nos'embeT *020 aThJ on its behalf by: A Rosier- Thtee
| 2020 | 20t9 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | L |
f_ | f | f | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donationsand legacies | 2 | 210,301 | 210,301 | 230,300 | |
| Otherincome | 3 | 10,856 | 10,856 | 44.084 | |
| Total | 22t.t5l | 221.157 | 274.384 | ||
| EXPENDITUREON | |||||
| Charitableactivities | |||||
| Directcosts | t44,965 | 19,278- | 164,243 | 173,573 | |
| Donations | 10,000 | 10,000 | 10,300 | ||
| Supportcosts | 46,496 | 46,496 | 48,148 | ||
| Total | 201,461 | 19.278 | 220,739 | 232,021 | |
| NET INCOME/(EXPENDTTURE) | 19,696 | (19,278) | 418 | 42,363 | |
| RECONCILIATIONOF FUNDS | |||||
| Totalfundsbrought forward | I10,641 | 20.000 | I30.641 | 88.278 | |
| TOTALFUNDSCARRIED FORWARI) | 130,337 | 722 : |
l3l,059 | 130,641 |
First Steps Nutrltion Trust Balgnee Sheet 31 Juty 1020 2IY20 7019 Note Debtors Cash at tthllk io 4,533 E27,629 4,259 138,702 132,162 142.961 CREDfTORS Amounts fallitsg tkn within onc y {1.103) 111320) NET CURRENT ASSETS 131.0$9 TOT AL ASSETS LESS CURRENT LIABILITIES 131,059 130,(AI NET ASSETS 131.059 FUNDS Unrestricted fijnds Restricted fuftd%.' Infant Milk 14 130.337 110,641 722 20,000 TOTAL FUNDS 131.059 130,e41 The financial Statem were 4v0d iy the Blmd of Trtee$ for issue on 5 November2020 4nd were sId on its Ixhalf by: A Rosier- Trustee Tr pase Q fomi FWS of ttrtx financial staiemcnts
'irst >ileps Nutrition Trust Notes to the Fittanelal Statements for the Year Ended 31 July 2U2U ACCOUNTING POLICIES Bx$is of prep4rittg the fillaneial Statements First ste.p Niitrition Tni%t is A ChArity rp.giftp.reA iEt F.ngland And WAles. The addresq af the regi.qtered office is given in ihe charity informaiion on Pd¥¥ l of thcsc findnLial slu1¢111ls. Tki¥ Iliilurr uf ilir LILaiity' operations arkd principal activities are also detailed th'ith the Report of the Trustees. Th¢ ¢hority ¢onstitut¢3 & public kn¢fit cntity %kS dcfincd by FRS 102. The financiol statements have been prepared in accordance with Accounting and Reporting by Charities.. Sialement ot Recotnmended Practice applicabl¢ to cliariti¢s pr¢pariiig th¢ir a¢counts in accordaiice with the Financial Reporting Standard applicable in th¢ UK and R¢public of Ir¢land (FRS 102) issued on 16 July 2014 (as updated through Updat¢ Bulleiin I published on 2 February 2016), Ihe Financial Reponing STandard applicable in Ihe Uniied Kingdom and Republic of Ireld {FRS 102), the Charities Act 901 I, the Compani¢s A¢t ?006 arhd UK Generally Accepted Accounting Practice. The finxneial %txtement< hAve heerk prepaTr.d tf) give A 'triie and fair, view and hAve depArted frnm the Churilics (ALLuunts Rcpons) RtguldtiuJ)s 2008 only lu th¥ ¥xLgnl rcquir¥LI iu prvvid¢ &t 'lru¢ iiiid fitir view,. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin% their accounis in accordance with ihe Financial Reporting Sitstkdttrd Applicablc in thc UK and Rcpublic of Ireltlnd (FRS I O•) issued on 16 July 2014 rather than the Accounting and Reporting by Charittes: Statement of Reeommended Practice etlective trom I April 2005 which has sin¢e been wiihdrnwn. The tlnanclal siaiemenis are prepared on a going Concern basls under ihe hlstorical cosi conveniion, modified to include eertain items at fair value. The financial statements are pr¢s¢nted in sterling which is the functional currency of the charity and rounded to the nearesi £000. The #ignificxnt 2ccniinting pnlicies Applied in the prepArAtinn rtf these finxncial 8t&tementq are set out b¢low. Th¢5¢ polici¢5 havc bc¢n con515t¢ntly appli¢d t(Tr #ll y¢aTS pr¢s¢n¢ed unless otlierwise stated. 'lllallcial reportin2 $land#rd IV2 - r¢dueed disclosure exemptions Th¢ charity ha3 lakcn advantagc of thc following di3¢1osurc cxcmptions in prcparins tFLcse financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: Ihe requiremenis of Seciion 7 Staiement of Cash Flows; the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d). All income is re¢ognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that th¢ in¢ome will be r¢c¢iv¢d and th¢ amount can be measured reliably. or donations to be recognised the chaTity will have been notitied ot the amounts and Ihe settlemenl date in writing. If there are conditions attached to the donation and this requires a Icvel of p¢rfom]ftnee before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of LIIus¥ ¥uIidiliuns is wiLliin Lh¥ Luntrul uf lh¥ hILY il is piubabl¢ thaL ih¥y will b¥ fuifill¢d. No amount is included in the finan¢Aal statements for volunteer time in line with the SORP (FRS 102). Page 7 continued...
First Steps tyutrition Trust Notes to the Fillaneial Statements- eontinued lor the Year Ended 31 July 2020 ACCOUNTING POLICIES- Continued Ineome The charity receives government grants. Income from government and other grants are reCOlSed at fatr valuc whrn tlic chaTity ha5 entitl¢iii¢iit aft¢r aiiy p¢i"foiiiiaiic¢ ioiidit10115 liav¢ b¢¢ii Jii¢t, it is piobabl¢ tliat the income will be received Rnd the Amount can be measured reliably. If entitlement is not met then these amounts are deferred. E'xpendilu Liabiliti¢s arc rccognised as expenditure as soon as there ts a legal or ¢onstructive obligation committing the Charity to that expenditure, it is probable that a transfer of e¢onomi¢ b¢n¢fits will b¢ r¢quir¢d in settl¢m¢nt ajid i11¥ 41JiivuiII vf ili¢ ubli¥uliun Lan k mcasured rLliablv. Expendiiure is accounted for on an accruals bagis #nd has been clasgified under headingg that aggregate all cost related to the category. Where costs cannot be dfftrectly attribuied to parti¢ular hcadings they have been allocated to activities on a basis consistent with the use of resources. Taxatio The charity is exempt from tax on its charitsble activities. Fund Aeeounting Unrestricted tunds are available tor the use at the discretion of the trustees in turtherance of the general objectives of th¢ Charity and which have noi been designated for other purpos¢s. RcstriLt¢d funds can only be used for panicular resiricied purposes wlthln Ihe objecis of ihe charlty. Restrictions arise when specified by th¢ donor or when funds are raised for particular resiricted purposes. Furth¢r ¢xplan&tion of thc naturc and purpos¢ of ¢a¢h fund is includ¢d in th¢ not¢s to th¢ financial statements. DONATIONS AND LEGACIES Ineotne from donotions and legacies 2020 2019 Donations and legacies ranis 210,301 210,300 20,000 Tolal income from donations and legacies 210.301 230.300 Page 8 continued...
| OTHER INCOME | ||
|---|---|---|
| 202A | 2019 | |
| Otherincome | f,E 10,856 |
22,001 |
| Conference income | - | 22,083 |
| 19816 | !,M1 |
| CHARITABLE ACTIVITIESCOSTS | |||
|---|---|---|---|
| Directcosts Donations Supportcosts |
Direct Costs(see note5) f"f,t 164,243 10,000 - |
Support costs(see note6) - - 46,496 |
Totals 164,243 10,000 46,496 |
| 174,243 : |
46,496 :: |
224,89 |
| 2020 | |
|---|---|
| *, | |
| Freelancers | 24,328 |
| Edit/design/print | 17,270 |
| Wages | 111,298 |
| Conferencecosts | 1,475 |
| Researchgrant | 9,872 |
| 164,243 |
| SUPPORTCOSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management t |
costs f. |
Totals f |
||
| Supportcosts | !,^r] | : | 4,999 | 46,496 |
| Management | ||
|---|---|---|
| 2020 | 2019 | |
| Support | Total | |
| costs | activities | |
| f | f. | |
| Officerentand rates | 18,234 | 8,481 |
| ITcosts | 3,214 | 1,852 |
| Traveland subsistence | 2,793 | 3,867 |
| Employerpension | 5,486 | 4,500 |
| Postageand stationery | 1,105 | 1,590 |
| Communications | 9,449 | 16,604 |
| Sundries | 572 | 3,916 |
| Subscriptions | 644 | 1,249 |
| 41,497 : |
42,059 : |
|
| Governancecosts | ||
| 2020 | 20t9 | |
| Support | Total | |
| costs | activities | |
| f | f | |
| Book-keeping | I )11 | 3,231 |
| Independent examinersfees | 1,680 | 1,440 |
| Trustee&Trustee meetingexpenses | 1,047 | 1,418 |
| 4,ggg | 6,089 | |
| : |
| 2020 | 2019 | |
|---|---|---|
| SupportStaff | 4 : |
2 |
| Noemployees received emolumentsinexcessoff60,000. | ||
| 2020 | 2019 | |
| f. | f | |
| Wages and salaries | 109,724 | 90,430 |
| Social Security | 7,574 | 5,379 |
| Employerpension | 5,486 | 4,500 |
| 116,784 | 100,309 |
| COMPARATIVESFORTHE STATEMENTOFF | INANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| f. | f. | f | |
| INCOMEANDENDOWMENTS FROM | |||
| Donations andlegacies | 210,300 | 20,000 | 230,300 |
| Other income | 44,084 | 44,084 | |
| Total | 254,384 | 20,000 |
274,384 |
| EXPENDITUREON | |||
| Charitable activities | |||
| Directcosts | 173,573 | r73,573 | |
| Donations | 10,300 | 10,300 | |
| Supportcosts | 48,148 | 48,148 |
| 9. | COMPARATMSFORTHE STATEMENTOFFINANCIAL | COMPARATMSFORTHE STATEMENTOFFINANCIAL | ACTMTIES-continued | ACTMTIES-continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| f. | f. | f" | |||
| Total | 232,021 | 232,021 | |||
| NET INCOME | 22,363 | 20,000 | 42,363 | ||
| RECONCILIATIONOFFUNDS | |||||
| Totalfunds broughtforward | 88,278 | 88,279 | |||
| TOTALFUNDSCARRIED FORWARI) | 110,647 : |
20,000 | !0,6r | ||
| 10. | DEBTORS:AMOUNTS F,ALLINGDUEWITHINONEYEAR | -2020 | 2019 | ||
| f | t | ||||
| Other debtors | 4,259 | 4,259_ | |||
| Prepaymentsandaccrued income | 274 | ||||
| 4,533 :: |
^22 | ||||
| 11. | CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | ||||
| 2020 | 20t9 | ||||
| Othercreditors | f 1,103 |
f.tz!2 |
| 2020 | 2019 | |
|---|---|---|
| f | f | |
| Withinoneyear | 10,107 | 10,855 |
| Betweenone andfiveyears | 6,332 | |
| lgt[ | rr8, |
| ANALYSISOF NETASSETSBET | WEENFUNDS | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| f | f. | f | f. | |
| Currentassets | 131,440 | 722 | 132,162 | 142,961 |
| Currentliabilities | (1,103) | (1,103) | (12,320) | |
| 130,337 | 722 | 131,059 | 130,64r | |
| : | ||||
| MOVEMENTINFUNDS | ||||
| Net | ||||
| movement | At | |||
| At118119 | infunds | 3U7120 | ||
| f | c | f. | ||
| Unrestrictedfunds | ||||
| Generalfund | 110,647 | 19,696 | 130,337 | |
| Restrictedfunds | ||||
| InfantMilk | 20,000 | (19,278) | 722 | |
| TOTALFUNDS | 130,641 : |
418 : |
131,059 |
| Netmovementinfunds,included inthe aboveareasfollow | s: | s: | |||
|---|---|---|---|---|---|
| lncoming | Resources | Movement | |||
| resources | expended | infunds | |||
| f. | f. | f. | |||
| Unrestrictedfunds | |||||
| Generalfund | 221,157 | (20t,461) | 19,696 | ||
| Restrictedfunds | |||||
| InfantMilk | (19,278) | (t9,278) | |||
| TOTALFUNDS | 221,157 : |
(220,739) | 418 | ||
| Comparativesformovementinfunds | |||||
| Net | |||||
| movement | At | ||||
| At1/8/18 | infunds | 3U7lt9 | |||
| f. | f | f. | |||
| Unrestrictedfunds | |||||
| Generalfund | 88,278 | 22,363 | 110,641 | ||
| Restrictedfunds | |||||
| InfantMilk | 20,000 | 20,000 | |||
| TOTALTUNDS | ll1L | 42,363 | r30,641 : |
||
| Comparative net movement in funds,included intheabove | areas | follows: | |||
| Incoming | Resources | Movement | |||
| resources | expended | infunds | |||
| f. | t | f | |||
| Unrestricted funds | |||||
| Generalfund | 254,394 | (232,021) | 22,363 | ||
| Restricted funds | |||||
| InfantMilk | 20,000 | 20,000 | |||
| TOTALFUNDS | 274,384 | (232,021) : |
: | 42,363 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At1/8/18 | infunds | 3117120 | ||
| f | f. | t | ||
| Unrestrictedfunds | ||||
| Generalfund | 88,278 | 42,059 | 130,337 | |
| Restrictedfunds | ||||
| InfantMilk | 722 | 722 | ||
| TOTALFUNDS | : | 88,278 |
42,781 | 131,059 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources f |
expended f |
infunds + |
|
| Unrestrictedfunds | |||
| Generalfund | 475,541 | (433,482) | 42,059 |
| Restrictedfunds | |||
| InfantMilk | 20,000 | (t9,278) | 722 |
| TOTALFUNDS | 495,541 | (452,760) | 42,781 |
| 2020 | 2019 | |
|---|---|---|
| f. | f. | |
| INCOMEANDENDOWMENTS | ||
| Donationsandlegacies | ||
| Donationsandgiftaid | 210,301 | 210,300 |
| Grants | 20,000 | |
| 210,301 | 230,300 | |
| Otherincome | ||
| Otherincome | 10,856 | 22,001 |
| Conference income | 22,093 | |
| 10,856 | 44,084 | |
| Totalincomingresources | 221,157 | 274,384 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 111,298 | 95,809 |
| Freelancers | 24,328 | 24,484 |
| Conferencecosts | 1,47 5 | 22,998 |
| Researchprojectcosts | 9,872 | |
| Edit/Design/Print | 17,270 | 30,282 |
| Donations | 10,000 | 10,300 |
| t74,243 | 183,873 | |
| Supportcosts | ||
| Management | ||
| Officerentand rates | 18,234 | g,4gl |
| ITcosts | 3,214 | 1,852 |
| Traveland subsistence | 2,793 | 3,867 |
| Employerpension | 5,486 | 4,500 |
| Postage andstationery | 1,105 | 1,590 |
| Communications | 9,449 | 16,604 |
| Sundries | 572 | 3,916 |
| Subscriptions | 644 | 1,249 |
| 41,497 | 42,059 |
| 2020 | 2019 | |
|---|---|---|
| f. | f. | |
| Management | ||
| Governancecosts | ||
| Book-keeping lndependent examinersfees Trustee&Trustee meetingexpenses |
2,272 1,680 1,047 |
3,231 1,440 1,418 |
| 4,999 | 6,089 | |
| Totalresources expended | 220,739 | 232,021 |
| Net income | 418 | 42,363 |