2022-07-31-accounts

REGISTERED CHARITY NUMBER: 1146408

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2022

for

First Steps Nutrition Trust

David Lindon & Co Chartered Accountants Avaland House 110 London Road Hemel Hempstead Hertfordshire HP3 9SD

First Steps Nutrition Trust

Contents of the Financial Statements for the year ended 31 July 2022

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Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 18
Detailed Statement of Financial Activities 19 to 20
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First Steps Nutrition Trust

Reference and Administrative Details for the year ended 31 July 2022

TRUSTEES

A Rosier A Brown M Willers R Percival V Thomas M Kerac

C O-ORDINATOR V Sibson PRINCIPAL ADDRESS Studio 3.04, The Food Exchange New Covent Garden Market London SW8 5EL REGISTERED CHARITY NUMBER 1146408 INDEPENDENT EXAMINER Jonathan Hankinson FCA David Lindon & Co Chartered Accountants Avaland House 110 London Road Hemel Hempstead Hertfordshire HP3 9SD

BANKERS

The Co-operative Bank Head Office PO Box 101 1 Balloon Street Manchester M60 4EP

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First Steps Nutrition Trust

Report of the Trustees for the year ended 31 July 2022

The trustees present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Principal activities

The advancement of health for the benefit of the public through the provision of information and resources to support better nutritional health, focussing on the period from pre-conception to five years. To advance the education of the public through evidence-based research and dissemination of information about good nutrition, focussing on the period from pre-conception to five years.

Achievements

During 2021/2022 First Steps Nutrition Trust continued its very productive work as an expert voice and credible source of independent information on good nutrition from pre-conception to five years. As our income went up again post COVID we recruited a Nutritionist in to a new 0.8FTE post and contracted a second Nutritionist on a freelance basis. As of July 2022 the charity employed 2.4 FTE staff compared to 1.8FTE at the same time the year before.

During 2021/2022 we updated a number of resources, created a plain label for infant formula for NHS supply chain, prepared two new policy reports (one on ultra-processed foods and one on infant milks marketed as foods for special medical purposes), actively participated in an FSA-funded study on home-based powdered infant formula preparation, and provided feedback on relevant public consultations and new government policies and strategies. We also undertook advocacy in relation to the cost of living crisis, based on our analysis of infant milk costs. We maintained and added new relevant content to all three of our websites (First Steps, Infant Milk Info and Baby Feeding Law Group UK (BFLG-UK)) and we continue to support health workers both in the UK and globally on infant milk issues.

The charity continues to act as secretariat for the Baby Feeding Law Group UK (a network of 32 member organisations and individuals calling for the International Code of Marketing of Breastmilk Substitutes in UK law) and in the reporting period we hosted hybrid meetings and played a key role in delivering on several projects in support of the Group's objectives.

First Steps Nutrition Trust continues to partner with UNICEF UK Baby Friendly and our co-ordinator sits on the BFI designation committee. In 2021/22 she was also appointed to the NICE committee working on updating the Maternal and Child Nutrition Guidelines. We continue to support the APPG on infant feeding and inequalities. We took part in a wide range of consultations with both academics and advisory groups and our work with other early years and professional organisations and alliances is ongoing. These include the Obesity Health Alliance, Sustain, Soil Association and the Institute of Health Visiting.

We continue to produce a popular monthly newsletter and have accrued a further 750 twitter followers over the last year, now reaching 9,250 health care professionals, policy makers, politicians, academics and members of the public. We are a named charity with expertise on many websites, including in information from the NHS and Office for Health Improvement and Disparities, Health Wales and Health Scotland and the NHS Supply Chain.

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First Steps Nutrition Trust

Report of the Trustees

for the year ended 31 July 2022

FINANCIAL REVIEW

Financial position

The total income for the year was £212,365, of which £6,000 was restricted in nature. Unrestricted income in the year totalled £206,365, exceeding unrestricted expenditure by £55,950. The funds carried forward at 31 July 2022 totalled £143,449, including £845 of restricted funds.

Reserves policy

The Trustees maintain minimum reserves of £38,000 (this is an increase of £8,000 to reflect increased staffing costs) and the Trustees are satisfied that the current level of reserves is sufficient for the charity to carry out its objectives in the future.

FUTURE PLANS

The focus of the charity's work will remain the same in 2022/23.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation was first set up on 1 August 2011 under a governing document. It subsequently applied for, and was granted, charitable status as from 8 March 2012. The charity is controlled by its governing document, being a trust deed dated 8 March 2012. It constitutes an incorporated charity (charity number 1146408).

Recruitment and appointment of new trustees/officers

A minimum of three trustees is required. There were no trustee changes in the year.

Under the terms of the initial governing document, trustees are appointed for an initial period of three years, after which they can be re-appointed for a further period of three years by agreement. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. Trustees meet at least three times a year and at least one of those meetings must be held with all trustees present.

Trustees can be removed from office if they are absent for all meetings over a period of a year.

Organisational structure

The charity currently has a co-ordinator, a senior nutritionist and an administrator as permanent employees and created a new post of nutritionist in 2021/22. We plan to further increase our capacity in 2022/23 through the recruitment of a second nutritionist. Some work is still undertaken by freelance staff and this will continue in 2022/2023.

PUBLIC BENEFIT

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the charity commission in determining the activities undertaken by the charity.

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First Steps Nutrition Trust

Report of the Trustees for the year ended 31 July 2022

Approved by order of the board of trustees on 22 February 2023 and signed on its behalf by:

A Rosier - Trustee

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Independent Examiner's Report to the Trustees of First Steps Nutrition Trust

Independent examiner's report to the trustees of First Steps Nutrition Trust

I report to the charity trustees on my examination of the accounts of First Steps Nutrition Trust (the Trust) for the year ended 31 July 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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 accounts to be reached.

Jonathan Hankinson FCA ICAEW David Lindon & Co Chartered Accountants Avaland House 110 London Road Hemel Hempstead Hertfordshire HP3 9SD

22 February 2023

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First Steps Nutrition Trust

Statement of Financial Activities for the year ended 31 July 2022

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 187,515 Other income 3 18,850 Total 206,365 EXPENDITURE ON Charitable activities 4 Direct costs 100,478 Donations 1,521 Support costs 48,416 Total 150,415 NET INCOME/(EXPENDITURE) 55,950 RECONCILIATION OF FUNDS Total funds brought forward 86,654 TOTAL FUNDS CARRIED FORWARD 142,604	Restricted funds £ - 6,000 6,000 - - 6,977 6,977 (977) 1,822 845	2022 Total funds £ 187,515 24,850 212,365 100,478 1,521 55,393 157,392 54,973 88,476 143,449	2021 Total funds £ 143,064 13,906 156,970 146,839 1,051 51,663 199,553 (42,583) 131,059 88,476

The notes on page 0 form part of these financial statements

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First Steps Nutrition Trust

Balance Sheet 31 July 2022

Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds Restricted funds: Infant Milk Kingston Essay Award BFLG-UK TOTAL FUNDS	2022 £ 579 5,885 145,425 151,310 (8,440) 142,870 143,449 143,449 142,604 - 450 395 845 143,449	2021 £ - 6,147 84,767 90,914 (2,438) 88,476 88,476 88,476 86,654 1,322 500 - 1,822 88,476

The financial statements were approved by the Board of Trustees and authorised for issue on 22 February 2023 and were signed on its behalf by:

A Rosier - Trustee

The notes on page 0 form part of these financial statements

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First Steps Nutrition Trust

Notes to the Financial Statements for the year ended 31 July 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

First Step Nutrition Trust is a Charity registered in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are also detailed with the Report of the Trustees.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued on October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a 'true and fair' view and 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 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £..

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

• the requirements of Section 7 Statement of Cash Flows;

• the requirement of paragraph 3.17(d).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued

for the year ended 31 July 2022

1. ACCOUNTING POLICIES - continued

Income

The charity receives government grants. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 20% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued

for the year ended 31 July 2022

2. DONATIONS AND LEGACIES

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|||| |---|---|---| |Income from donations, legacies and grants|2022|2021| |£|£| |Donations and legacies|187,515|123,064| |Grants|-|20,000| |Total income from donations, legacies and grants|187,515|143,064|

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3. OTHER INCOME

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|||| |---|---|---| |2022|2021| |£|£| |Other income|24,850|13,906|

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4. CHARITABLE ACTIVITIES COSTS

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||||| |---|---|---|---| |Direct|Support| |Costs (see|costs (see| |note 5)|note 6)|Totals| |£|£|£| |Direct costs|100,478|-|100,478| |Donations|1,521|-|1,521| |-| |Support costs|55,393|55,393| |101,999|55,393|157,392|

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continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2022

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

Conference costs Wages Pensions Freelancers Donations Edit/Design/Print 6. SUPPORT COSTS Management Finance £ £ Support costs 52,893 455	2022 £ 1,509 69,377 3,398 14,844 1,521 11,350 101,999
	Governance costs Totals £ £ 2,045 55,393

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters.

Support costs, included in the above, are as follows:

Management

Wages Office rent and rates IT costs Meeting costs Employer pension Postage and stationery Communications Sundries Subscriptions Depreciation	2022 Support costs £ 25,517 18,791 2,809 103 1,455 507 2,259 599 812 41 52,893	2021 Total activities £ 32,368 17,235 2,432 - 1,310 811 383 453 680 - 55,672

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued

for the year ended 31 July 2022

6. SUPPORT COSTS - continued Finance

SUPPORT COSTS - continued Finance
PayPal charges	2022 2021 Support Total costs activities £ £ 455 307
Governance costs Independent examiners fees Trustee & trustee meeting expenses	2022 2021 Support Total costs activities £ £ 1,800 1,680 245 -
	2,045 1,680

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.

Trustees' expenses

During the year, the Trust reimbursed one Trustee for their travel and meeting expenses, at a total cost of £245 (2021: £Nil).

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

Support Staff Technical Staff	2022 1 2 3	2021 1 3 4

No employees received emoluments in excess of £60,000.

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2022

8. STAFF COSTS - continued

Wages and salaries Social Security Employer pension	2022 £ 93,907 987 4,853 99,747	2021 £ 106,068 7,070 5,438 118,576

The average full time equivalent (FTE) of staff during the year was 2 (2021: 2.6). All of which operated on the management of the charity.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 114,410 Other income 13,906 Total 128,316 EXPENDITURE ON Charitable activities Direct costs 141,160 Donations 1,051 Support costs 29,788 Total 171,999 NET INCOME/(EXPENDITURE) (43,683) RECONCILIATION OF FUNDS Total funds brought forward 130,337 TOTAL FUNDS CARRIED FORWARD 86,654	Restricted funds £ 28,654 - 28,654 5,679 - 21,875 27,554 1,100 722 1,822	Total funds £ 143,064 13,906 156,970 146,839 1,051 51,663 199,553 (42,583) 131,059 88,476

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2022

10. TANGIBLE FIXED ASSETS

10. TANGIBLE FIXED ASSETS
COST Additions		Computer equipment £ 620
DEPRECIATION Charge for year		41
NET BOOK VALUE At 31 July 2022		579
At 31 July 2021		-
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income	2022 £ 4,259 1,626	2021 £ 4,259 1,888
	5,885	6,147
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors	2022 £ (1,802) 10,242	2021 £ - 2,438
	8,440	2,438

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year Between one and five years	2022 £ 5,651 - 5,651	2021 £ 10,855 5,651 16,506

The trust entered into a two year rental agreement commencing on 7 February 2021. The Trust is contractually entitled to end the lease by giving not less than three months written notice.

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2022

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted funds funds £ £ Fixed assets 579 - Current assets 150,465 845 Current liabilities (8,440) - 142,604 845 15. MOVEMENT IN FUNDS At 1/8/21 £ Unrestricted funds General fund 86,654 Restricted funds Infant Milk 1,322 Kingston Essay Award 500 BFLG-UK - 1,822 TOTAL FUNDS 88,476 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 206,365 Restricted funds Infant Milk - Kingston Essay Award - BFLG-UK 6,000 6,000 TOTAL FUNDS 212,365

2022 2021 Total Total funds funds £ £ 579 - 151,310 90,914 (8,440) (2,438) 143,449 88,476 Net movement At in funds 31/7/22 £ £ 55,950 142,604 (1,322) - (50) 450 395 395 (977) 845 54,973 143,449 Resources Movement expended in funds £ £ (150,415) 55,950 (1,322) (1,322) (50) (50) (5,605) 395 (6,977) (977) (157,392) 54,973

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First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2022

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/8/20 £ Unrestricted funds General fund 130,337 Restricted funds Infant Milk 722 Kingston Essay Award - 722 TOTAL FUNDS 131,059 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 128,316 Restricted funds Infant Milk 20,000 Neon Project 8,154 Kingston Essay Award 500 28,654 TOTAL FUNDS 156,970	Net movement At in funds 31/7/21 £ £ (43,683) 86,654 600 1,322 500 500 1,100 1,822 (42,583) 88,476 Resources Movement expended in funds £ £ (171,999) (43,683) (19,400) 600 (8,154) - - 500 (27,554) 1,100 (199,553) (42,583)

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2022

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Restricted funds Infant Milk Kingston Essay Award BFLG-UK	At 1/8/20 £ 130,337 722 - -	Net movement At in funds 31/7/22 £ £ 12,267 142,604 (722) - 450 450 395 395
	722	123 845
TOTAL FUNDS	131,059	12,390 143,449

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Infant Milk Neon Project Kingston Essay Award BFLG-UK TOTAL FUNDS	Incoming resources £ 334,681 20,000 8,154 500 6,000 34,654 369,335	Resources Movement expended in funds £ £ (322,414) 12,267 (20,722) (722) (8,154) - (50) 450 (5,605) 395 (34,531) 123 (356,945) 12,390

The trust received the following restricted funds during the year:

Baby Feeding Law Group UK (BFLG-UK): £6000 was received from the Breastfeeding Network for work undertaken by consultants employed by First Steps Nutrition Trust on behalf of the Baby Feeding Law Group UK

continued...

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First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2022

15. MOVEMENT IN FUNDS - continued

Kingston Essay Award: the Kingston University essay award was set up using public funds from Helen Crawley's retirement donations. The award will be in place for 10 years, starting in 2022, and will be offering an annual prize of £50 as part of an essay competition.

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2022.

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First Steps Nutrition Trust

Detailed Statement of Financial Activities for the year ended 31 July 2022

INCOME AND ENDOWMENTS Donations and legacies Donations and gift aid Grants Other income Other income Total incoming resources EXPENDITURE Charitable activities Wages Pensions Freelancers Conference costs Edit/Design/Print Donations Support costs Management Wages Office rent and rates IT costs Meeting costs Employer pension Postage and stationery Communications Sundries Subscriptions Depreciation	2022 £ 187,515 - 187,515 24,850 212,365 69,377 3,398 14,844 1,509 11,350 1,521 101,999 25,517 18,791 2,809 103 1,455 507 2,259 599 812 41 52,893	2021 £ 123,064 20,000 143,064 13,906 156,970 80,770 4,128 34,755 - 21,190 1,051 141,894 32,368 17,235 2,432 - 1,310 811 383 453 680 - 55,672

This page does not form part of the statutory financial statements

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First Steps Nutrition Trust

Detailed Statement of Financial Activities for the year ended 31 July 2022

Management Finance PayPal charges Governance costs Independent examiners fees Trustee & trustee meeting expenses Total resources expended Net income/(expenditure)	2022 £ 455 1,800 245 2,045 157,392 54,973	2021 £ 307 1,680 - 1,680 199,553 (42,583)

This page does not form part of the statutory financial statements

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