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← First Steps Nutrition Trust

2024-07-31-accounts

REGISTERED CHARITY NUMBER: 1146408

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2024

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 2024

Page
Reference and Administrative Details 1
Report of the Chairperson 2
Report of the Trustees 3 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 20
Detailed Statement of Financial Activities 21 to 22

First Steps Nutrition Trust

Reference and Administrative Details for the year ended 31 July 2024

TRUSTEES E Dicicco Dr M Kerac G Owtram R Percival Dr V Thomas M Willers EXECUTIVE DIRECTOR V Sibson PRINCIPAL ADDRESS Studio 2.14, 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

Page 1

First Steps Nutrition Trust

Report of the Chairperson for the year ended 31 July 2024

FOREWORD FROM THE CHAIR

For years, First Steps Nutrition Trust has filled a ‘gap’ in the practice and policy landscape. Working often as a lone voice, we have championed good nutrition from preconception to under 5 years, seeking to influence government and public health agendas. In some ways, the past 12 months have felt like a breakthrough year. There is more interest and activity in this space than ever before, and the ‘gap’ is growing increasingly busy with more organisations and charities covering this area but most of them relying on the nutrition expertise of First Steps Nutrition. This has placed new demands on our charity and has only accentuated the necessity of our work. Demand for our practical resources is high, and demand for our expert input from peer organisations is growing.

Our goal is for all children in the UK to eat well from the start of life (preconception to under 5 years), thereby positively impacting on the high national levels of obesity and overweight and dental decay. We do this by helping to create a policy environment which better enables eating well in the early years, and by contributing to better dietary habits and feeding practices in the early years in line with public health recommendations through our practical resources.

In the context of an ongoing cost-of-living crisis, and a new Westminster government, these ambitions have never been more important. Our work is delivered by a small team of 5 part time staff equivalent to 2.5 full timers, and we are proud to have delivered a large number of policy and practice outputs over the past year, and to have successfully influenced many external outputs also in support of our dual objectives. Of particular note was First Steps’ role in highlighting unjustifiable price hikes for infant formula, which was key to stimulating a formal investigation by the Government watchdog, the Competition and Markets Authority. Our essential role in this regard was widely acknowledged by peers, practitioners, and policymakers, further enhancing the charity’s reputation.

Our work is entirely dependent on the support of generous individual donations and conflict of interest free grants. The charity does not work with organisations or individuals that work with, or take funding from, the breastmilk substitute industry, and our principled approach to funding is critical to our identity and impact. The trustees remain hugely impressed by the impact delivered by the First Steps team under the leadership of Executive Director Vicky Sibson, and we look forward to leading the charity into the next 12 months.

R Percival

Chair

27 May 2025

Page 2

First Steps Nutrition Trust

Report of the Trustees for the year ended 31 July 2024

The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. 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).

TRUSTEES OF THE CHARITY

The trustees of the charitable unincorporated organisation (‘the charity’) serving during the year and since the year end were as follows :

F V Cox (resigned 31 January 2025) E Dicco Dr M Kerac G Owtram (appointed 22 July 2024) R Percival (Chair) Dr V Thomas M Willers

Key achievements in 2023/24

First Steps Nutrition Trust persists in very effectively maintaining its position as the expert independent voice on early years nutrition in the UK. We continue to provide conflict of interest-free, expert, practical resources on eating well from preconception to age 5 to professionals working with families and families themselves, and to support them in other ways including through maintenance of the www.infantmilkinfo.org website, provision of trainings and webinars, and answering queries. We also continue to effectively influence policies to better enable pregnant and breastfeeding women to eat well and parents and carers of babies and young children to feed them healthy diets.

As a result of concerted fundraising efforts, our income went up considerably in 2023/24, and efficient expenditure continues to support the highly productive work of our small team. We built the Trustee board, moved offices and reduced our team size marginally to better balance our income and expenditure.

Below are some more specific highlights of First Steps Nutrition Trust’s policy and practice work in the reporting year. An impact report for 2024 is also available at www.firststepsnutrition.org.

Policy highlights

During 2023/2024 we:

Page 3

First Steps Nutrition Trust

Report of the Trustees

for the year ended 31 July 2024

Practice highlights

During 2023/2024 we:

Page 4

First Steps Nutrition Trust

Report of the Trustees for the year ended 31 July 2024

PUBLIC BENEFIT

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s objectives and activities and in planning future activities. It is the judgement of the Trustees that activities in pursuit of the above objectives fully meet the public benefit test, which they have kept in mind in planning programmes for the charity.

FUNDING

We are extremely grateful to our funders for their support. We remain committed to only accepting funding which is free from conflict of interest with the baby food industry, so as to remain entirely independent. This reporting year, we successfully started to diversify our income streams, benefitting from two new donors and increasing our income from resource sales and consultancy. This is helping to increase our financial resilience and to ensure long-term sustainability.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

During the reporting year, the charity had an Executive Director, two Senior Nutritionists, a Nutritionist and an Administrator as permanent, part time employees. One Senior Nutritionist resigned in August 2024, and we promoted our Nutritionist to Senior Nutritionist in January 2025.

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. The governing document was reviewed and updated in July 2023 and again in November 2024 due to changes in the Board. It constitutes an unincorporated charity (charity number 1146408).

Page 5

First Steps Nutrition Trust

Report of the Trustees for the year ended 31 July 2024

Recruitment and appointment of new trustees

A minimum of three trustees is required to govern the charity.

Under the terms of the updated governing document, trustees are appointed for an initial period of three years and can be considered for re-election for additional three-year periods thereafter. In selecting individuals for appointment as trustees, the trustees have regard to the skills, knowledge and experience needed for the effective administration of the charity. Trustees meet at least three times a year.

Trustees can be removed from office if they are absent for all meetings over a period of a year, and can resign during a term of office, notifying the Chair in writing.

In November 2023, two new Trustees were appointed to fill identified skills gaps in the board, following competitive recruitment. This was followed by further targeted recruitment of one more Trustee in July 2024. In January 2025, one Trustee stood down to manage a potential conflict of interest with her changing employment. The current board comprises six Trustees who met four times in the reporting year.

Management

Decisions on strategy and budget are made by the trustees during their quarterly meetings. The trustees delegate the day-to-day running of the charity to the Executive Director, who manages and directs the staff of the charity. Trustees review and approve monthly progress reports on activities and spend in support of the charity’s objectives and annual workplan and budget, as prepared by the Executive Director.

FINANCIAL REVIEW

Financial position

The total income for the year, all of it unrestricted in nature, was £239,047, up from £169,679 in the previous year. Total expenditure was £198,332, down from £225,208 in the previous year. This shows the success of our fundraising in this first year of active fundraising activity, as well as the effectiveness of the cost saving measures we took in the face of a reduction in core income. The funds carried forward at 31 July 2024 totalled £128,365, including £400 of restricted funds.

Reserves policy

The Trustees maintain minimum reserves of £37,000 to pay two months salaries, three month’s rent, accountancy fees in the event of the charity ceasing operation and a sum in the case of redundancies. The Trustees are satisfied that the current level of reserves is sufficient.

FUTURE PLANS

In 2024, we defined our first organisational theory of change to guide our work and facilitate reporting our impact (available in our 2024 impact report at www.firststepsnutrition.org). The focus of the charity's work will remain the same in 2024/2025. Our goal is for all children in the UK to eat well from the start of life (preconception to age five), towards positively impacting on the high national levels of obesity/overweight and dental decay. We do this through dual objectives:

  1. To create a policy environment which better enables eating well in the early years, and

  2. To contribute to better dietary habits and feeding practices in the early years in line with public health recommendations.

Page 6

First Steps Nutrition Trust

Report of the Trustees for the year ended 31 July 2024

We work towards 6 policy outcomes while at the same time creating, updating and disseminating expert, conflict-of-interest free, practical resources for health workers, early years professionals and parents/carers, to support eating well.

In 2024/2025 we have continued to actively fundraise as we recognised a need to diverse our funding sources to increase our financial resilience and to ensure long-term sustainability.

Approved by order of the board of trustees on 27 May 2025 and signed on its behalf by:

R Percival - Trustee

Page 7

First Steps Nutrition Trust

for the year ended 31 July 2024

Independent Examiner's Report

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 2024.

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

27 May 2025

Page 8

First Steps Nutrition Trust

Statement of Financial Activities for the year ended 31 July 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
202,500
Other income
3
36,547
Total
239,047
EXPENDITURE ON
Charitable activities
4
Direct costs
133,349
Donations
1,500
Support costs
63,483
Total
198,332
NET INCOME/(EXPENDITURE)
40,715
RECONCILIATION OF FUNDS
Total funds brought forward
87,520
TOTAL FUNDS CARRIED FORWARD
128,235		 Restricted
funds
£
-
-
-
-
-
-
-
-
400
400		 2024
Total
funds
£
202,500
36,547
239,047
133,349
1,500
63,483
198,332
40,715
87,920
128,635		 2023
Total
funds
£
150,000
19,679
169,679
159,903
445
64,860
225,208
(55,529)
143,449
87,920

Page 9

First Steps Nutrition Trust

Balance Sheet

31 July 2024

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		 2024
£
769
18,557
127,289
145,846
(17,980)
127,866
128,635
128,635
128,235
-
400
-
400
128,635		 2023
£
973
4,951
86,320
91,271
(4,324)
86,947
87,920
87,920
87,520
-
400
-
400
87,920

The financial statements were approved by the Board of Trustees and authorised for issue on 27 May 2025 and were signed on its behalf by:

R Percival - Trustee

Page 10

Notes to the Financial Statements for the year ended 31 July 2024

First Steps Nutrition Trust

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':

Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

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.

Page 11

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

1. ACCOUNTING POLICIES - continued

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

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from government and other grants will be 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.

Page 12

First Steps Nutrition Trust

Notes to the Financial Statements - continued

for the year ended 31 July 2024

2. DONATIONS AND LEGACIES

Income from donations, legacies and grants
Donations, legacies and grants		 2024
£
202,500		 2023
£
150,000
3.
OTHER INCOME
Other income
4.
CHARITABLE ACTIVITIES COSTS
Direct costs
Donations
Support costs		 Direct
Costs (see
note 5)
£
133,349
1,500
-
134,849		 2024
£
36,547
Support
costs (see
note 6)
£
-
-
63,483
63,483		 2023
£
19,679
Totals
£
133,349
1,500
63,483
198,332		 2023
£
19,679

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

Wages
Pensions
Freelancers
Conference
Edit/Design/Print
Donations		 2024
£
113,415
5,202
708
2,216
11,808
1,500
134,849

Page 13

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

6. SUPPORT COSTS

Management
£
Support costs
60,967		 Governance
Finance
costs
£
£
311
2,205		 Totals
£
63,483

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
Travel
Office rent and rates
IT costs
Meeting costs
Employer pension
Postage and stationery
Communications
Consultancy
Sundries
Subscriptions
Depreciation
Finance
PayPal charges		 2024
Support
costs

£
32,195
2,001
14,983
3,025
-
1,477
315
1,643
3,336
153
1,636
204
60,967
2024
Support
costs

£
311		 2023
Total
activities
£
31,672
2,891
19,167
1,009
145
1,459
2,154
1,534
-
593
940
204
61,768
2023
Support
costs
£
122

Page 14

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

6. SUPPORT COSTS - continued

Governance costs

Governance costs
2024 2023
Support Support
costs costs
£ £
Independent examiner’s fee 1,980 2,970
Trustee & trustee meeting expenses 225 -
2,205 2,970

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Trustee expenses

During the year, the Trust reimbursed three Trustees for their travel and meeting expenses, at a total of £225 (2023: £nil).

8. STAFF COSTS

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

2024 2023
Support Staff 1 1
Technical Staff 4 4
5 5

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

Wages and salaries
Social Security
Employer pension		 2024
£
137,113
8,497
6,679
152,289		 2023
£
139,791
7,434
6,924
154,149

The average full time equivalent (FTE) of staff during the year was 2.5 (2023:3.1). All of which operated on the management of the charity.

Page 15

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
150,000
Other income
19,679
Total
169,679
EXPENDITURE ON
Charitable activities
Direct costs
159,903
Donations
-
Support costs
64,860
Total
224,763
NET INCOME/(EXPENDITURE)
(55,084)
RECONCILIATION OF FUNDS
Total funds brought forward
142,604
TOTAL FUNDS CARRIED
FORWARD
87,520		 Restricted
funds
£
-
-
-
-
445
-
445
(445)
845
400		 Total
funds
£
150,000
19,679
169,679
159,903
445
64,860
225,208
(55,529)
143,449
87,920

Page 16

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

10.
TANGIBLE FIXED ASSETS
COST
Brought forward
Additions
DEPRECIATION
Brought forward
Charge for year
NET BOOK VALUE
At 31 July 2024
At 31 July 2023
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors
13.
LEASING AGREEMENTS
Minimum lease payments under operating leases fall due as follows:
Within one year
Between one and five years


Computer
equipment
£
1,218
-
1,218
245
204
449
769
973
2024
2023
£
£
2,557
4,951
16,000
-
18,557
4,951
2024
2023
£
£
-
(256)
17,980
4,579
17,980
4,323
2024
2023
£
£
2,394
13,062
-
6,781
2,394
19,842

The trust entered into a six month rolling rental agreement commencing on 8 November 2023. The trust may terminate the lease by giving three months written notice.

Page 17

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
769
Current assets
145,446
Current liabilities
(17,980)
128,235		 Restricted
funds
£
-
400
-
400		 2024
Total
funds
£
769
145,846
(17,980)
128,635		 2023
Total
funds
£
973
91,271
(4,324)
87,920

15. MOVEMENT IN FUNDS

At 1/8/23
£
Unrestricted funds
General fund
87,520
Restricted funds
Infant Milk
-
Kingston Essay Award
400
BFLG-UK
-
400
TOTAL FUNDS
87,920
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
239,047
Restricted funds
Infant Milk
-
Kingston Essay Award
-
BFLG-UK
-
-
TOTAL FUNDS
239,047		 Net
movement
At
in funds
31/7/24
£
£
40,715
128,235
-
-
-
400
-
-
-
400
40,715
128,635
Resources
Movement
expended
in funds
£
£
(198,332)
40,715
-
-
-
-
-
-
-
-
(198,332)
40,715

Page 18

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Infant Milk
Kingston Essay Award
BFLG-UK
TOTAL FUNDS
Comparative net movement in funds, included in the above a
Unrestricted funds
General fund
Restricted funds
Infant Milk
Neon Project
Kingston Essay Award
TOTAL FUNDS		 At 1/8/22
£
142,604
-
450
395
845
143,449
re as follows:
Incoming
resources
£
169,679
-
-
-
-
169,679		 Net
movement
At
in funds
31/7/23
£
£
(55,084)
87,520
-
-
(50)
(395)
400
-
(445)
400
(55,529)
87,920
Resources
Movement
expended
in funds
£
£
(224,763)
(55,084)
-
-
(50)
(50)
(395)
(395)
(445)
(445)
(225,208)
(55,529)

Page 19

First Steps Nutrition Trust

Notes to the Financial Statements - continued for the year ended 31 July 2024

15. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1/8/22 in funds 31/7/24
£ £ £
Unrestricted funds
General fund 142,604 (9,418) 128,235
Restricted funds
Infant Milk - -
Kingston Essay Award 450 (50) 400
BFLG-UK 395 (395) -
845 (445) 400
TOTAL FUNDS 143,449 (9,863) 128,635

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
Kingston Essay Award
BFLG-UK
TOTAL FUNDS		 Incoming
resources
£
408,726
-
-
-
-
408,726
Resources

expended
£
(423,095)
-
(50)
(395)
(445)
(423,540)		 Movement
in funds
£
(14,369)
-
(50)
(395)
(445)
(14,814)


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 2024.

Page 20

First Steps Nutrition Trust

Detailed Statement of Financial Activities for the year ended 31 July 2024

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
Employer pension
Travel costs
IT costs
Office rent and rates
Meeting costs
Postage and stationery
Consultancy
Communications
Sundries
Subscriptions
Depreciation		 2024
£
202,500
-
202,500
36,547
239,047
113,415
5,202
708
2,216
11,808
1,500
134,849
32,195
1,477
2,001
3,025
14,983
-
315
3,336
1,643
153
1,636
204
60,967		 2023
£
150,000
-
150,000
19,679
169,679
115,553
5,465
14,654
1,216
23,015
445
160,348
31,672
1,459
2,891
1,009
19,167
145
2,154
-
1,534
593
940
204
61,768

Page 21

First Steps Nutrition Trust

Detailed Statement of Financial Activities for the year ended 31 July 2024

Management
Finance
PayPal charges
Governance costs
Independent examiners fees
Trustee & trustee meeting expenses
Total resources expended
Net income/(expenditure)		 2024
£
311
1,980
225
2,205
205,867
40,715		 2023
£
122
2,970
-
2,970
225,208
(55,529)

This page does not form part of the statutory financial statements

Page 22