**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:
- Worked closely with the Scottish and Welsh Governments, advising on policies to tackle dietary inequalities in the early years and to address infant food insecurity.
- Led peer organisations in the creation of a shared policy briefing on healthy early years diets which was endorsed by the 60-member strong Obesity Health Alliance and used to inform advocacy efforts in advance of and after the general election.
- Submitted 9 consultation responses, including to a WHO consultation on the digital marketing of breastmilk substitutes, to a DHSC consultation on proposed legislative change on nutrition and health claims on food, to the Competition and Markets Authority’s invitation to comment on their proposed market study, and others to the National Institute of Clinical Excellence, the Food Standards Agency, the Scientific Advisory Committee on Nutrition/the Committee On Toxicity, Her Majesty’s Treasury and the House of Lords.
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Page 3
## **First Steps Nutrition Trust**
## **Report of the Trustees**
## **for the year ended 31 July 2024**
- Influenced debate and a new inquiry on food, diet and obesity in the House of Lords, through our 2023 policy report on ultra processed foods and expert verbal testimony.
- Continued engagement with and influence of the All-Party Parliamentary Group on Infant Feeding and Inequalities.
- Continued to act as secretariat for the influential Baby Feeding Law Group UK, securing new members with legal expertise. Our advocacy efforts were instrumental in instigating, informing and influencing work by the Competition and Markets Authority investigating formula pricing and marketing. Using our infant formula price monitoring data, the CMA confirmed profiteering, and we contributed in getting the issues in the print media, TV news, and on parliamentarian’s radars, including questions being posed to the prime minister.
- Provided ongoing expert advice on early years nutrition to influential peer organisations, successfully furthering our advocacy asks.
- Engaged in selected media work to support our policy and advocacy work, including participating in interviews with journalists on baby foods which yielded radio and TV documentaries on BBC.
## **Practice highlights**
During 2023/2024 we:
- Updated six resources: ‘Simple Guide to Breastfeeding’, ‘Specialised milks for infants with allergies’, ‘Eating Well: Snacks for 1 to under 5-year olds’, ‘Eating Well recipe book’, ‘Eating Well: Packed Lunches for 1 to under 5-year olds’ and our most popular ‘Eating Well: the first year’. We also worked hard to publicise our whole eating well resource offer, at the same time revising the sales prices upwards to better cover the costs of keeping them up to date and creating a new system to collect contributions for PDF downloads.
- Public Health Wales new ‘Every Child Newborn to age 2’ guide given to all new parents references our resources throughout. Feedback included:
- _“This [Simple Guide to Breastfeeding] is an absolute gem! Great resources for midwives, student midwives, health visitors, doctors and any relevant health care professional and for sure the public, especially in these challenging times.”_
- _“I recommend this book [Eating Well: the first year] to all the families that I visit with newborns, and I visit approximately 14 families a week.”_
- Created infographics to accompany key outputs to enable use in practice. Feedback included:
- _“Great infographic [on infant milk costs] from our colleagues in First Steps Nutrition. Perfect for health visitors to share with families.”_
- Saw the publication of an editorial we wrote on specialised formulas, and the results of the study we collaborated on looking at home-based powdered infant formula preparation practices. The latter led to the NHS updating their guidance for parents to include advice on safe use of devices.
- Continued to support health workers both in the UK and globally on infant milk issues, through maintenance of our www.infantmilkinfo.org website, answering queries and two webinars on the infant milk info website. Feedback included:
- _“Thank you for your clear explanation. I cannot thank you all enough for this wonderful resource - as an infant feeding lead this is invaluable for us, and we use this frequently in practice.”_
- Exhibited at four conferences including the annual UNICEF Baby Friendly Conference, two events run by the institute of Health Visiting and the World Public Health Nutrition Association congress which this year took place in London.
____________________________________________________________________________________________
Page 4
## **First Steps Nutrition Trust**
## **Report of the Trustees for the year ended 31 July 2024**
- Presented to health professionals and policy makers, including DHSC communities of practice.
- Undertook training activities, including updating e-learning modules for NHS/Health Education England, face to face training of health visitors and lectures for students at the London School of Hygiene and Tropical Medicine, and webinar trainings for health care professionals, commissioners, early years professional and academics. Feedback included:
- _“Guest speakers I trust and know give impartial and evidence-based information.”_
- _“So much great information, sharing of resources and opportunity for questions.”_
- _“I liked the evidence-based presentations - excellent communication of current recommendations around introducing solids.”_
- _“I found the training to be so informative, myth busting some simple things but also having the depth from research means I now feel more confident to share evidence-based information with the families I am working with.”_
- Wrote monthly newsletters. Feedback included:
- _“Thank you for your brilliant, informative, clear, balanced and generally wonderful newsletters!”_
- _“These newsletters are such a rich compendium of information - thank you First Steps and all the team for pulling these together – no mean feat but so important.”_
- Completed an evaluation of our communications and resources which confirmed that we are reaching our key audience with relevant and accessible guidance and information.
## **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':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17(d).
## **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