COMPANY REGISTRATION NUMBER: 10491739 CHARI REGISTRATION NUMBER: 1170491 One Footstep Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 MURAS BAKER JONES LIMITED Chartered accountants Regent House Bath Avenue Wolverhampton West Midlands INV14EG
One Footstep Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees. annual report (incorporating the directors report} Indèpendent examiners report to the trustees Statement of financial activities (including income and expenditure account} Statement of financial position Notes lo Ihe flnan¢ial statements
One Footstep Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of Company law, present their report and the unaudited financial slalements of the charity for the year ended 31 March 2024. Reference and administrative detslls Registered charity name One Footstep Charity registration number 1170491 Company regl8tratlon number 10491739 Prln¢lpal office and registered 3rd Floor Regent Hous8 offlce Bath Avenue Wolverhampton WV14EG The trustees B Goyal N Goyal R K Goyal Independent examlner Oliver Ross Bsc (Honsl FCA Regent House Bath Avenue Wolverhampton West Midlands WV14EG Structurep governance and management Governing document One Footstep Is a charitable company limited by guarantee, incorporated on 22nd November 2016 and registered as a charity on 30th November 2016. The charitable company is governed by its Articles of Association dated 22nd November 2016. Organlsatlonal structure One Footstep is managed directly by its trustees. The charity has one émployee. Objectlves and activities the public benefit, alleviation of poverty and to educate persons in any part of the world who require support in relation to financial aid and edUtIon by supplying such persons with financial support andlor volunteer time.
One Footstep Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Achievements and perfomiance Education and the support of families and Children, remained this yearfs primary finanal focus, with donations to The Rainbow Trust Children's charity, who help families with a child aged 0-18 years with a lrfe-threatening or terminal illness and Quillers Junior school in Billericay, Essex, who were fund raising for improvements lo flooring, lighling and a children's play area. Go Dharmic, for their action of developing schools, relieving suffering through serving In disasters, advo¢atin9 for peace, and allevialing food poverty also received a donation. In addition, there were donations lo the Care Tech Foundation. who champion the social care sector, care workers and those living in care for their annual Care Tech Fundraising ball. Funds raised this year were for the Alzheimer's Society and the Care Workers, Charity, and also a donation lo human kind café. a new community project being developed in Billericay for the relief of those in need by reason of financial hardship, ill health, particularly demenlia or through old age, through the operation of a café and community spa. Flnanclal revlew During the prior period the Charity's year end was changed lo 31 March and as such th8 compafalive figures are for the 16 month period from 1 Decembèr 2022 to 31 March 2023. The charity has completed ils seventh year. A decrease in donations was noted during the period however, support was still given to a number of organisations as mentioned above. This however resulted in a deficit for the year of £91,520 (2023 deficit £114,350). Reserrfes pollcy: The Trustees, reserves policy is lo retain sufficient reseeS to ensure the charity Can meet its funding expènditure over the foreseeable future. The Trustees believe that the reserves are adequate to enable it lo pursue ils objectives. Inveslment review The Trustees monitor investments on an ongoing basis and with increased reserves have adopted a policy where £635,000 of reserves have been invested lo provide additional income. The remaining funds are held in a bank account readily available to meet funding requirements of organisalions prompiiy when required. The trustees will continue to monitor the level of investments held to ensure the charitable objects are met lo provide regular funding of supported organisations over a number of years in accordan with expe¢ted income slreams. Small company provlslons This report has been prepared in accordance with the provisions appll¢able to companies entitled to the small companies exemption. The trustees, annual report was approved on 19 De¢ember 2024 and signed on behalf of the board of twstees by: R K Goyal Trustee
One Footstep Company Limited by Guarantee Independent Examiner's Report to the Trustees of One Footstep Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of One Footstep ('the charily,) for the yèar ended 31 March 2024. Responslbilities and basis of report As the trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance wilh the requirements of the Companies Act 2006 ('the 2006 Act'l. Having satisfied myself that the a¢counls of the company are not requlred lo be audited under Part 16 of the 2(M)6 Act and are eligible for independenl examination, I report in respect of my examination of the Charity's accounts as carried out under seGtion 145 of the Charits'es Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5}Ib) of th8 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm Ihat no matters have come to my attention in connection with the examination giving me cause to believè.. accounting records were not kept In respect of the charity as required by section 386 of the 2006 Act.. or the financial statements do not accord with those records., or the financial statemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and faif view which is not a matter considered as part of an independenl examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablè in the UK arsd Republic of Ireland {FRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the a¢¢ounts to be reached. Oliver Ross Bsc (Hons) FCA Independent Examiner Regenl House Bath Avenue Wolverhampton West Midlands WV14EG 19 Dernber 24
One Footstep Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 Period from 1Dec21to 31 Mar 23 Year to 31 Mar 24 Unrestricted funds Total funds Total funds Note Income and endowmènts Donations and legacies Investment income 73,550 18,600 51,946 51,946 Total Income 51.946 51,946 92.150 Expendlture Expenditure on charitable activities Total expenditure 143.466 143,466 206,500 143.466 143,466 206,500 Net expenditure and net movement In funds {91,5201 191,5201 1114,3501 Reconciliation of funds Total funds brought forward Total funds carried forward 1.091.638 1,091,638 1.205,988 1,000,118 1,000,118 1,091,638 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 6 to 11 fonn part of these financial statements.
One Footstep Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Current assets Investments Cash at bank and in hand 13 635,000 367,490 340,000 752,588 1,002,490 1,092,588 Credttors: amounts falling due within one year Net current assets 14 2,372 950 1,000,118 1,091,638 Totsl assets less current Ilabllltles 1,000.118 1.091,638 Net assets 1,000,118 1,091,638 Funds of the charlty Unrestricted funds 1,000,118 1,091.638 Total charlty funds 16 1,000,118 1,091,638 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial slalements were approved by the board of trustees and authorised for issue on 19 December 24, and are signed on behalf of the board by.. R K Goyal Trustee The notes on pages 6 to 11 fonn part of these financlal statements.
One Footstep Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a regislered charity in England and Wales. The address of the registered office is 3rd Floor Regent House, Bath Avenue, Wolverhampton, WV14EG. Statement of Compliance These financlal statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Slatement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 1021 {Charities SORP IFRS 10211 and the Companies Act 2006. Accounting pollcles Basis of preparation The flnancial stalements have been prepared on the historical Cost basls, as mdified by the revalualion of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional ¢urrency of Ihe entity. Going concern There are no material uncertainties about the charity's abiltty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial slalemenls requires management to make judgements, eslimales and assumptions that affecl the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charily's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future proje¢l or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Su¢18s$e$. restricted income funds or endowment funds. Incoming resourGes All income is included in the statement of financial actimties when entitlement has passed to the charily, il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably Measured. The following specific policies are applied lo particular categories of income: income from donations or grants is recognised when there is emdence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
One Footstep Company Limited by Guarantee Notes to the Financial Statements {¢ontlnued) Year ended 31 March 2024 Accounting policies fcontinued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includès any VAT which cannot be fully recovered, and is dassified under headings of the statement of financial activities to which it relates.. expenditure on raising funds Includes the Costs of all fundraising activities, events. non-charitable trading aclivilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of Ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable aclivilies. other expenditure includes all expendlture that is neither related to raising funds for the charity nor part of ils expenditure on ¢harilable activities. All costs are allocated to expenditure categories refleding the use of the resource. Direct costs attributable to a single activity are allocated directly to that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiablé and consistent basis. Defined contribution plan$ Conlributions to defined Gontribvlion plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected lo be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantse The company is incorporated under the Companies Act and is limited by Guarantee. The liability of each member Is Ilmlted to £1 being the amount each member undertakes to ¢ontr5bute in Ihe case of winding up. Investment Income Unrestrl¢ted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other interest re¢eivable 51,946 51.946 18,600 18,600
One Footstep Company Limited by Guarantee Notes to the Financial Statements (continuad) Year ended 31 March 2024 Expenditure on charltable activities by fund type Unrestricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations paid Support costs 117,097 26,369 117.097 26.369 193,735 12,765 193,735 12,765 143,466 143,466 206,500 206,5C Expendlture on ¢harltable actlvltles by activlty type Grant funding of activities Support costs Totsl funds 2024 Total fund 2023 Donations paid Governance costs 117,097 24.404 1,965 141,501 1.965 205.109 1,391 117,097 26.369 143,466 206,5C Analysis of support costs Support costs Total 2024 Total 2023 Staff cosls Premises Communications and IT General office Finance costs Governance costs Room hire Training Costs Human Kind Cafe costs 21,745 195 1,173 35 77 1,965 979 200 21,745 195 1,173 35 77 1,965 979 200 4,389 2,433 545 749 172 1,390 1,232 1,855 26,369 26,369 12,765
One Footstep Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 Analysis of grants Period from 1 Dec21to 31 Mar 23 Year to 31 Mar 24 Grants to Institutions IPartner India Rainbow Trust Children's Charity CareTech Foundation Tapestry Care Billericay Food bank Go Dharmi Quilters School Other donations Cancer Research UK Human Klnd Cafe 27,777 56,400 24,5(Ki 12,OC(I 7,000 42,370 42,300 20,000 32,045 7,250 8,551 18,688 5,000 6,951 117.097 193,735 Total grants 117,097 193,735 10. Independent examlnatlon fees Period from 1Dec21to 31 Mar23 Yearto 31 Mar 24 Fees payable lo the independent examiner for.. Independent examination of the financial statemènts 1,200 950 11. Staff costs The lolal staff costs and employee benefits for the reporting period are analysed as follows: Perfod from 1 Dec21to 31 Mar23 Year to 31 Mar 24 Wages and salaries Social security costs Employer contributions to pension plans 19,692 1.462 591 4,041 348 21,745 4,389 The average head count of employees during the year was 1 {2023.' 1). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 Adminislration staff No employee received employee benefits of more than £60,000 during the year (2023.. Nil}.
One Footstep Company Limited by Guarantee Notes to the Financial Statements {¢ontlnued) Year ended 31 March 2024 12. Trustee remuneration and expenses During the year no trustees received any remuneration or expenses. 13. Investments 2024 2023 Other investments 63S,000 340,C 14. Credltors: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income Social security and other taxes Other creditors 1,551 670 151 950 2,372 950 15. Pensions and other p08t retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined ¢onlribution plans was £59112023.. £Nill. 16. Analysls of charltsble funds Unrestri¢ted funds At 31 March 202 At 1 April 2023 Income Exp8nditure General funds 1,091,638 51,946 (143,466) 1,000,118 At 1 December 2 021 At Income Expenditure 31 March 2023 General funds 1,205,988 92,150 {206.500) 1.091.638 10
One Footstep Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 17. Analysis of net assets between funds Unrestricted Totsl Funds Fund$ 2024 Current assets Creditors less than 1 year Net assets 1,002,490 (2,372) 1,000,118 1,002,490 (2,372) 1,000,118 Unrestricted Total Funds Funds 2023 Current assets Creditors le5S than 1 year Net assets 1,092,588 (950> 1,091.638 1,092,588 1950) 1,091,638 11