2021-03-31-accounts - Valleys Steps Limited

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for the Year Ended 31Marc	h		2021
									31.3.21	31.3.20
							Unrestricted	Restricted	Total	Total
							fund	funds	funds	funds
						Notes	f
INCOME AND ENDOWMENTS FROM
Donations and legacies							464		464	14,688
Charitable activities
To promote the advancement		ofmental		health	for the
benefit ofthe communities	in	Rhondda		Cynon	Taf,
Merthyr Tydfi1 and surrounding			areas through		the
provision oftherapeutic interventions.							284,358	46,883	331,241	246,432
Investment income							21		21	83
Total							284,843	46,883	331,726	261,203
EXPENDITURE ON
Raising funds							2,420		2,420	2,165
Charitable activities
To promote the advancement		ofmental		health	for the
benefit ofthe communities	in	Rhondda		Cynon	Taf,
Merthyr Tydfil and surrounding			areas through		the
provision oftherapeutic interventions.							228,140	42,420	270,560	207,109
Other							2,802	3,066	5,868	13,334
Total							233,362	45,486	278,848	222,608
NET INCOME							51,481	1,397	52,878	38,595
Transfers between funds						14	320	(320)
Net movement in funds							51,801	1,077	52,878	38,595
RECONCILIATION OF FUNDS
Total funds brought forward							(314,762)	320	(314,442)	(353,037)
TOTAL FUNDS CARRIED			FORWARD				(262,961)	1,397	(261,564)	(314,442)

Balance Sheet 31 March 2021
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets		2,235	1,397	3,632	2,719
CURRENT ASSETS
Debtors		38,403		38,403	4,464
Cash at bank and in hand		182,466		182,466	95,695
		220,869		220,869	100,159
CREDITORS
Amounts falling due within one year		(40,615)	31,788	(8,827)	(8,870)
NET CURRENT ASSETS		180,254	31,788	212,042	91,289
TOTAL ASSETSLESSCURRENT LIABILITIES		182,489	33,185	215,674	94,008
CREDITORS
Amounts falling due afier more than one year	10	(400,000)		(400,000)	(400,000)
ACCRUALS AND DEFERRED INCOME	13	(45,450)	(31,788)	(77,238)	(8,450)
NET ASSETS		(262,961)	1,397	(261,564)	(314,442)
FUNDS	14
Unrestricted funds				(262,961)	(314,762)
Restricted funds				1,397	320
TOTAL FUNDS				(261,564)	(314,442)

Fixtures	and fittings	25'/0 on cost
Computer	equipment	25'/0 on cost

		31.3.21	31.3.20
Deposit account interest		21	83
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
		31.3.21	31.3.20
Depreciation - owned assets		2,851	896
Hire ofVenues		810	8,449
Other operating leases		8,474	8,553

The average monthly numbe	r	ofemp	loy	ees during the year was as	follows:
						31.3.21	31.3.20
Project Manager						1	1
Volunteers / Administrative		Assistant				2	1
Lead Practitioner						1	1
Course Practitioner						7	4
Marketing &Communications							1
Finance Assistant							1
						12
No employees received emoluments			in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL					ACTIVITIES
					Unrestricted	Restricted	Total
					fund	fundsf	funds 6
INCOME AND ENDOWMENTS FROM
Donations and legacies					14,688		14,688
Charitable activities
To promote the advancement		ofmental		health for
the benefit ofthe communities		in Rhondda Cynon
Taf, Merthyr Tydfil and surrounding			areas through
the provision oftherapeutic	interventions.				226,522	19,910	246,432
Investment income					83		83
Total					241,293	19,910	261,203
EXPENDITURE ON
Raising funds					2,165		2,165
Charitable activities
To promote the advancement		ofmental health for
the benefit ofthe communities		in Rhondda Cynon
Taf, Merthyr Tydfil and surrounding			areas through
the provision oftherapeutic	interventions.				207,109		207,109
Other					13,334		13,334
Total					222,608		222,608
NET INCOME					18,685	19,910	38,595

	COMPARATIVES FORTHE STATEMENT OF FINANCIAL	COMPARATIVES FORTHE STATEMENT OF FINANCIAL	ACTIVITIES - continued
			Unrestricted	Restricted	Total
			fund	funds	funds
	Traasfers between funds		39,676	(39,676)
	Net movement in funds		58,361	(19,766)	38,595
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	(373,123)	20,086	(353,037)
	TOTAL FUNDS CARRIED FORWARD		(314,762)	320	(314,442 )
	TANGIBLE FIXED	A,SSETS
			Fixtures
			and	Computer
			fittings f	equipment	Totals
	COST
	At 1 April 2020		4,141	5,982	10,123
	Additions			3,764	3,764
	At 31 March 2021		4,141	9,746	13,887
	DEPRECIATION
	At 1 April 2020		3,122	4,282	7,404
	Charge for year		414	2,437	2,851
	At 31March 2021		3,536	6,719	10,255
	NET BOOK VALUE
	At 31March 2021		605	3,027	3,632
	At 31March 2020		1,019	1,700	2,719
8.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.21	31.3.20
	Trade debtors			32,828	2,651
	Office Bonds Venture	Wales		821	821
	Prepayments			4,754	992
				38,403	4,464

9.	CREDITORS: AMOUNTS FALLING	DUE WITHIN ONE YEAR
			31.3.21	31.3,20
	Payments on account		170	170
	Trade creditors		885	582
	Pensions Creditor		1,841	1,841
	Credit card		218	457
	Accrued expenses		5,713	5,820
			8,827	8,870
10.	CREDITORS: AMOUNTS FALLING	DUE AFTER MORE THAN ONE YEAR
			31.3.21	31.3.20
			f	f
	Other loans (see note II)		400,000	400,000
11.	LOANS
	An analysis ofthe maturity ofloans is given below:
			31.3.21	31.3.20
	Amounts falling due between two and five years:
	Other loans - 2-5years		400,000	400,000
12.	SECURED DEBTS
	The following secured debts are included	within creditors:
			31.3.21	31.3.20
	Other loans		400,000	400,000

31.3.21	31.3.20
f
77,238	8,450

RLiid
Detailed Statement ofFinancial Activities
for the Year Ended 31 March 2021
	31.3.21	31.3.20
		f
INCOME AND ENDOWMENTS
Donations aad legacies
Donations	464	8,992
Donated services and facilities		5,696
	464	14,688
Invesnnentincome
Deposit account interest	21	83
Charitable activities
Delivery ofWellbeing Courses	39,115	23,927
Grants	292,126	222,505
	331,241	246,432
Total incoming resources	331,726	261,203
EXPENDITURE
Raising donations and legacies
Sessional Practitioners costs	2,420	2,115
Other tradiag activities
Consultancy costs		50
Charitable activities
Wages	221,113	156,215
Social security	13,526	8,729
Pensions	12,914	9,431
Hire ofVenues	810	8,449
Rent	8,474	8,553
Telephone	1,225	876
Course Materials	14
Secondment Charges	450
Depreciation oftangible fixed assets	2,851	897
	261,377	193,150
Other
Travel costs	233	9,228
Payroll Processing	1,085	788
DBSChecks	118	212
ITCosts	4,432	2,991
Subsistence		115
	5,868	13,334
Support costs