2022-03-31-accounts - Valleys Steps Limited

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Report ofthc	Trustees			I	to
Indcpcndcnt	Exam inet's Rcport
Statement of	Financtal	Activities
Balance Sheet				tt	tu	9
Notes to the	Fmancial	Statements		10	to	16
Detailed Statement of		Financial	Activities	17	to	1it

tor the Year Ended 31 Marc	h	2022
								31.3.22	31.3 21
						Unrestncted	Restricted	Total	Tomi
						fund	fund~	funds	funds
					Notes			f.	f
INCONIF. .AIVD FNDOWMENTS			FROM
Donations and legacies						3 571		3,571
Charitable activities
To promote thc advanccmcnt	ofmental			health	Ior thc
benetit ofthe commumties	m	Rhondda		('ynon	Taf,
Meithyr Tydfil and surroundmg areas				through	thc
provision ofthcrapcutic intcrventtons.						313.985	79,458	393,443	331,241
llivesnii alii iiicolttc						12		12	21
Tntal						317,568	79,458	397,026	331,726
EXPENDITI:RE ON
ltaismg funds						6,731		6,731	'2,420
Charitable activities
Tn promote the advancement		nf mental		healS	I(or thc
bcnclit ofthc communnies	m	Hhondda		Cynon	Taf,
Mcrthyr Tydfil and sun'oundmg areas				through	the
provision oftherapeutic mtetvelitiolis.						197,491	79,356	276,847	270,560
Other						3,753	1.500	5,253	5,868
Total						207 975	80,856	288.831	27R,R48
NET INCOME/(EXPENDITURE)						109,593	(1,398)	108.195	52,878
RECONCILIATION OF	FU)sDS
Total funds brought forsvard						(262,961)	1,397	(261,5ti4)	(314,442)
TOTAL FLNDS CARRIED		FORWARD				(153368)		( 153,369)	(261,564)

Balance Shcci
31 lv1arch 2022
					31.3.22	31 3.21
			Umesincted	Rcstl'Ictcd	Total	Total
			fund	fun)Is	funds	funds
		~otec	8	f.	6
FIXED ASSETS Tangible asseis			5,()55		5,655	L(i32
CURREViT ASSETS Dclitors Cash at hank and in hand			9,365 411,463		9,365 411,463	38.403 182,466
			420.828		420.828	220,869
CREDITORS Amounts fallmg due withm	one year	9	(lb.9I9)		(10,919)	(8,827)
NET CURRFIVT ASSETS			409,909		409,909	212,042
TOTAL ASSETSLESS CURRENT LIABILITIES			415,564		415,564	215,674
CREDITORS Amounts falling dnc after more than onc year		10	(400.000)		(400.000)	(400.000)
ACCRUAI, S AND DEFERRED IVCOMF.		13	(168,933)		(168.933)	(77,238)
VKT ASSETS
FL'NDS Unrestricied lunds Rcstnctcd funds					(153.369)	(262,961) 1,397
					(153,369)	~26),564)

Dcprcciat	ion iv provided at th	e fogov ing annual m
I ixnircs	and Iittings	25'd on cost
Computer	equipment	25'0 on cost

INVESTMENTINCOME
	31»L22	31.3 21
	8
Deposit accuunt interest	12	2I
NET INCOME/(FXPENDITUREi
Net mcomc,'(expenditure) is stated aitei charbungi(crediting)
	31.3.22	31.3.21
Depr«ciation —ov:ned assets Hire oi Vcnues Other operating leases	1,884 2 i4 8.601	2,851 810 8,474

Thc average monthly	number		nf coip	loy	ccs	durmg tbe year was	as follows:
									31.3 22	31.3 21
Vrol oct Ma&tag&:i'										I
Volunteers ' Adnunis&rative		Assistant							I	2
Lead I'racutioncr									2	I
( ourse Pracntioner									7	7
Fmance Assistant									I	I
									12	12
No employees receivi. d emoluments				in	excess off60,000
COMPARATIVES	FOR THE STATEMEVT Ol' Fl~ANC1AE ACTlh1TIES
							Unrestncted		Rcstnctcd	'I otal
							fund		funds	lunds
							f,		f.	f,
INCOME AVD EVDO«YMENTS				FROM
Donations and legacies								464		464
Charitable activities
To promote thc advancement			ofmental		health for
the benefit ofthe communities			in Rho&idda			Cynon
Tal; .'vlerthyr 'I ydfil aml sunoundmg				areas
through the provision	oftherapeutic			interventions.			284,	358	46,883	331,241
Invcstmcnt mcome								71
Total							284,843		46,883	331,72()
FXPENDITURE ON
Raising hmds							7	470		2.420
Charitable activities
Tn promote the advancement			ofmental		heahh for
thc hcnctit nf the cnmmumuev			in Rhondda			Cynon
Taf. Merihyr 'I'ydtil tluough &hc provision	and surrounding oftherapcuuc			areas inierventions.			228,140		42 470	270,560
Other							2,802		3,066	5,868
Total							233	367	45,486
NETTNCOME							51,481		1.397	52,878

	COMPARATIVES	FOR THE ST4TEMEVT OF FINAVCIAL ACTIViTIES - continued	FOR THE ST4TEMEVT OF FINAVCIAL ACTIViTIES - continued	FOR THE ST4TEMEVT OF FINAVCIAL ACTIViTIES - continued	FOR THE ST4TEMEVT OF FINAVCIAL ACTIViTIES - continued
				Unrestricted	Restricied	Total
				frill d	fUnds	funds
				f		f
	Transfers between	funds		320	~320)
	Net movement in funds			51,801	1,077	52,878
	RFCOVCII,IATION		OF FUNDS
	Total funds brought		forward	1314,762)	320	1314,442)
	TOTAL FUNDS C.4RRIED FORWARD			t2Ci2,961)	1,397	1261,564)
7.	TANGIBLE FIXED		ASSETS
				Flsoll'cs
				and	Computer
				fittings	cglnplrlcnt	Totals
				f	8	f
	COST
	At I April 2021			4.141	9,746	13,887
	Additions				3,907	3,907
	At 31 March 2022				13,653	17,794
	DFPRECIATION
	At I April 2021			3,536	6,719	10,255
	(:harge for year			151	1,733	1,884
	At 31 March 2022			3,687	8,452	12,139
	NET BOOK VALUE
	At 31 March 2022			454	5.201	~5655
	At 31 Marcli 2021			605	3.027	3,632
8.	DEBTORS:AMOU!VTS FALLING DUF. W1THIV0 iE YEAR
					31 3.22	31 3 21
					f
	Trade debtors				7.500	32,828
	OIBice Bonds				821	821
	Prcpaymcnts				1,044	4,754
						38.403

Notes to thc I'inancial tatenients -	Notes to thc I'inancial tatenients -	continued	continued
fur the Year Fnded 31 Ivlarch 2022
9.	CRFDITORS: AVIOUVTS FALLING DLIF, WITHIN ONE YEAR									31.3 22	31.3.21
										f
	Paymmits on account Trade creditors I'cns«ms Creditor Credit card Accnied cxpenscs									170 135 1,841 704 8,049		170 885 1,841 218 5,7 13
										I0,919		8,827
10.	CREDITORS: A1MOUNTS FALLING			DUE AFTER		'MORE THAVi		OVE YEAR		31.i,22		31.3.21
												f
	Other loans (see note 11)									400,000		400,000
11.	LOANS
	An analysis ot' the matunty	of	loans is given below:
										31.3.22		31.3.21
										f		f.
	Amounts falling due betv;een Other loans - 2-5 years		nvn and five years:							400,000		400,000
12.	SECURED DEBTS
	The following sccurcd debts arc included			witlun	crcdnors.
										31 3.22		31 3 21
												f
	Other loans									400,000		400,000
	Thc chantable cumpany Coinmunities Investment	cntercd into a Fund.The loao		Loan Facility v as secured		Agiecmcnt via u Fixed	with Wales and Floating		Council charge	Ibr Voluntary Actiun through its over all ihe assets ofthe chantablc
	company
13.	ACCRUALS AND DEFERRED INCOMF.									31.3.22		31 3.21
												f
	Accruals and deferred mcome									168,933		77.238

1»fOVEMEI&&T IN FUNDS
				Nct
				elo'& Col Col	Ai
			Ai 1.4.21	in funds	31.3.22
				f	f.
Unrestricted funds (icneral nuid			(262,961)	109,592	(153,369)
Restricted funds MH Covid huid			1,397	(1,397)
TOTAL FUNDS			~261,564)		(153,369)
Nct movcmcnt in funds, included		m the shove are as fo)IU&vs:
			Incoming	Resources	Movement
			resources	expended	m funds
			f.	t
Unrestricted funds General fund			317,567	(207,975)	109,592
Restricted funds ICF lund RI)P fund MH Covnl fund			33,596 45,863	(33,596) (45,863) (1,397)	~l,397)
			79,459	~80.8561	~1,397)
TOTAL FUNDS			~397 026	(288,83))	108.195
Comparatives for movement	in	funds

Comparatives for movement in funds
			Net	I'tansfcrs
			fnovt:inCllt	Set&scen		At
	At 1.4.20 f		i&1 lan&is		finals	31.3.7 I f
I'nrcstricted funds General fund	(314.7(&7)		51,481		320	(262,961)
Restricted funds )318 I.ottcry I'und 1'IH 0 Uv Ill fi11111		320	1,397		(320)	1,397
		320	1.397		(320)	1,397
TOTAL FUNDS	~314	442)	52,878			(261,564)

Comparattvc nct movcmcnt in tunds, mcluded	ut the above are as t'oil(tv'st
	Incoming	Rcsoutces	Movement
	resources	evpcnded	m fund~
			f
Unrestricted funds General lund	284,843	(233,3&t2)	51,481
Restricied funds ICF fund RDP fund Mll Covtd fund	40,116 2,594 4,173	(40,116) (2.594) ~2,776)	1,397
	46,883	~45,486)	1,397
TOTAL FUNDS	331 726	(278,848)	52,878

A current ye	ar 12 utonths and prior yea	r 12months combtnc	poson
				Net	Transfers
				movement	between	At
		At	I 4 20	m funds	funds f	31 3.22
Unrestricted funds Cieneral fund		(314,7621		161,073		(153,369)
Restricted )3tg Lottery	funds Fund		320		(320)
TOTAL FUNDS		(314,442)		161.073

A current year 12 months and pnor year 12 mon	ths combmed net movement in funds, inc	luded m the aov	ae as
	Inconung iusout'ccs	Resources expcndcd	Movement in funds
	f
Unrestricted funds General I'und	602,410	(441,337)	161,0't3
Restrlctcd funds I('F fuml RDP fund MH Covid lbnd	73,712 48,457 4,173	(71,712) (48.457) ~4,173)
	126,342
TOTAL FENDS	778,752	(567,679)	161,073

s:ts «	I
Dctailcd Statemeut for the Year Ended	ofFuiancial Activities 31 March 2022
		XI 322	31.3.21
INCOME AND FNDOtrYMENTS		F.	f
Donations and legacies Gifts
Don:itions
		2
		E569	4t
Investment income		3,571
Deposit account interest
Charitable acttssties		12
Delivery ofXyellbeing	t'ourses
Service Level Agrcernents Grants		25,845 Z7I,950 95.648	39,11' 233,74: 58,383
Total incoming resourecs		393,443	311241
FXPEVDITI'.RE		397.026	331,726
Raising donations and Sessional Practitioners	legacies costs
Charitable activities W'ages		6,731	2,420
Social security
polis lelis Hire oFVcnues Rclit Tdephone ('curse Materials 5ccondment Ctiargcs Dcprcciation oftangible	Iixed assets	219,664 12,813 11,926 224 8,601 1.133 11,184	221,113 13,526 12,914 810 8,474 1,225 14 450
		1,884	2 851
Other
Travel costs		267,429	261,377
Payroll Processnig DBSChecks
IT Coins		246 1,097 313	233 1,085
Support costs		3,597	118 4432
isrfanagement Insurance		5,253	5.868
Earned fotxvard
		l.3I8
		1,3t8	] ~gg

for the Year I:.	nded 31 M	arch 2022
			31 3.22	3	I	3.2 I
Management
Brought forward			1,318			1,102
Postage and stationcn			423			()20
Staff Training			1,270			2.718
			3,011			4,440
Finance
Batik cllai'ges			2' I			228
Human resources
Rccruitmcnt	costs		897			340
Other
Promouonal	& Puhlicitv	costs	1,069			294
Governance	costs
Accoulltatlcy'	slid legal	fees	4,180			3.881
Total resources	expended		288.831			278.848
ltiet income			108,195			52.878