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2025-03-31-accounts

STEP (SWINDON)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

CHARITY COMMISSION No: 1176672

STEP (SWINDON)

CONTENTS YEAR ENDED 31 MARCH 2025

PAGE PAGE
TRUSTEES’ REPORT 1 – 5
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS 6
STATEMENT OF FINANCIAL ACTIVITIES 7
BALANCE SHEET 8
NOTES TO FINANCIAL STATEMENTS 9-19

STEP (SWINDON)

TRUSTEES’ REPORT YEAR ENDED 31 MARCH 2025

Trustees’ Report

The Trustees present their report and the financial statements for the year ended 31 March 2025.

Charity Information

Charity name STEP (SWINDON) Working name STEP Principal address The Base Lyndhurst Crescent Park North Swindon SN3 2RW Independent Examiner Simon Knee FCA S D Knee Chartered Accountants 10 Bath Road, Old Town, Swindon, SN1 4BA Bankers The Co-operative Scottish Widows Bank Nationwide

Trustees

The trustees who served during the period were:

Treasurer Sylvia Snelson Chair Bob Barrett Vice Chair Caroline Symmons Other William Edwards (Resigned 2nd May 2025) Ian Ritchie Teresa Francis Dr Alexandra Petrache (Appointed 2nd May 2025)

STEP (SWINDON)

TRUSTEES’ REPORT (continued) YEAR ENDED 31 MARCH 2025

Structure, Governance and Management

The CIO is overseen by a Board of Trustees. Trustees are invited to join the Board on the basis of their experience, interest and skills. Applicants are initially contacted by the Chair of Trustees and are invited to meet with the current Board, to learn more about the organisation before formally attending a meeting. New Trustees are voted into position by existing Trustees and will be inducted in accordance with the organisations Induction and Training and Development policy for volunteers.

Constitution, Objects and Policies

STEP (Swindon) is a registered UK charity number 1176672, governed by its constitutional document.

The objectives of the charity are:-

To advance in life and relieve the needs of young people residing in the borough of Swindon and surrounding areas, including such people who are in need and disadvantaged due to social, emotional and or behavioural issues that have negatively impacted their lives as a consequence of suffering the effects of, amongst others, deprivation, abuse, neglect and mental or physical issues, through

A. the provision of support and activities which develop their technical, social and life skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

B. Providing recreational and leisure time activities in the interest of social welfare, designed to improve their conditions of life.

Public Benefit

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.

Achievement and performance

Trustees Opening Statement

During 2024–2025, STEP delivered a wide programme of therapeutic and participation activities. Across the year, a total of 387 sessions were provided through outreach and centre-based delivery, reaching 403 children and young people. Each session focused on developing coping strategies, building resilience, and addressing key themes such as emotional regulation, anger management, positive thinking, and anxiety.

The impact of this work is clear. Evaluation data shows that 98% of young people reported that STEP had helped them, while 95% demonstrated improvements in emotional regulation and communication. 90% reported improved confidence and self-expression, and 86% developed stronger strategies for managing anger.

Parents and carers also reported benefits, with nine out of ten stating that STEP’s work had a positive impact on their families.

Alongside therapeutic provision, STEP has continued to strengthen its SEND participation programme. More than 68 participation activities were delivered, engaging 321 children and young people and generating over 1,200 hours of direct co-production work. Young people reported feeling more confident in expressing their views, and the majority felt that their input would make a tangible difference to services and decisions affecting them.

STEP (SWINDON)

TRUSTEES’ REPORT (continued) YEAR ENDED 31 MARCH 2025

Our volunteers contributed more than 500 hours during the year, providing valued support across our programmes. Their contribution not only added measurable value but also enhanced the quality and consistency of our services.

Looking ahead, our priorities remain the expansion of therapeutic services, strengthening SEND advocacy, and providing families with greater support. These ambitions will be pursued alongside efforts to increase community and volunteer involvement, ensuring STEP’s long-term sustainability.

Treasurer’s Comments

Financially, STEP remained broadly stable throughout 2024–2025; however, the charity experienced additional financial pressure due to the costs of multiple relocations and unbudgeted increases in rent through temporary accommodation. These factors necessitated a planned and controlled draw on reserves to meet operational costs. While this has resulted in unrestricted reserves falling slightly below the level set out in the reserves policy, they remain sufficient to cover approximately three months of operating expenditure, providing a reasonable buffer against unforeseen circumstances..

The planned move to a new permanent building represents both a challenge and an opportunity. The financial implications of lease terms are still to be finalised, but the move is expected to provide increased capacity and create opportunities for collaboration with partners.

The Trustees are mindful of the financial risks associated with this transition and will continue to monitor reserves closely while maintaining a focus on sustainable fundraising.

The charity remains in a sound position overall, with strong relationships with funders and supporters.

We are grateful for the continued generosity of local businesses, individuals, and funding organisations, as well as the professional service provided by SD Knee Chartered Accountants, whose reappointment is proposed.

Financial Review

The result for the year is a deficit of income over expenditure of £62,841 (2024: Excess of income over expenditure £16,811) on unrestricted funds. The total net expenditure over income for the year was (£48,483) (2024: £102,746).

Total reserves at the year end amounted to £186,146 (2024: £234,629). Restricted reserves at the year end amounted to £89,689 (2024: £75,331).

Unrestricted at the year end amounted to £96,457 (2024: 159,298) and free reserves at the year end amounted to £92,856 (2024: 159,298).

Organisational Structure

STEP is led by a management committee of volunteers, who work closely with the management team to ensure the smooth and efficient running of the organisation, and a team of youth workers and community volunteers deliver the interventions.

STEP (SWINDON)

TRUSTEES’ REPORT (continued) YEAR ENDED 31 MARCH 2025

Reserves Policy

STEP (Swindon) has a policy of keeping reserve funds, whenever possible, to ensure the survival of the project.

Definition of reserves

The Charity Commission describes reserves as ‘that part of a charity’s unrestricted income fund that is freely available to spend on any of the charity’s purposes.’ It is the resources which STEP has available to spend once it has met its commitments and covered its other planned expenditure.

Reason to hold reserves

STEP, at any one time has a number of sources of income and these are not always guaranteed. It is crucial therefore to ensure there are sufficient reserves to support the continuation of service while fundraising is done or to allow an organisation to wind up while meeting its obligations to staff and service users if existing sources of income are lost. The existence of reserves is a sign of good resource management.

Reserves statement

STEP Trustees believe that the minimum level of reserves should be the equivalent of six months’ operating costs and sufficient funds to close the charity calculated and reviewed annually and believe that the reserves should be built up and maintained to the desired level in stages consistent with the charity’s overall financial position and its need to maintain and develop its activities. This is to help STEP secure their viability beyond the immediate future and provide reliable services over the longer term.

Suggested reserves

The Trustees have calculated a target level of unrestricted reserves of £204,006, the current level of reserves is £96,457.

Risk

The major risks to which the Charity is exposed have been reviewed. Systems and policies have been established to mitigate those risks.

Trustees Closing statement

This year’s report demonstrates the continued impact of STEP in supporting children, young people, and families across Swindon. In the face of challenges, our staff and volunteers have shown adaptability and commitment, ensuring that essential services were delivered without interruption.

The organisation has maintained a broadly stable financial position while managing short-term financial pressures and is carefully preparing for the opportunities and challenges associated with securing a permanent base.

Looking forward, STEP is well-placed to continue its work in strengthening the resilience and wellbeing of children and young people, building on over forty years of trusted service to the community.

STEP (SWINDON)

TRUSTEES’ REPORT (continued) YEAR ENDED 31 MARCH 2025

Statement of Trustees’ Responsibilities

The purpose of this statement is to distinguish the Trustees’ responsibilities for the financial statements from those of the examiner as stated in their report.

Under charity law the Trustees are required to prepare financial statements for each financial period which give a true and fair view of the charities financial activities during the period and of its financial position at the end of the period. In preparing those financial statements, the Trustees should follow best practice and:

The Trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

Approved by the Board of Trustees and signed on the 20[th] January 2026 on its behalf by:

----- Start of picture text -----
Sylvia Snelson Bob Barrett
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STEP (SWINDON)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS YEAR ENDED 31 MARCH 2025

I report on the financial statements of STEP (Swindon) CIO for the year ended 31 March 2025 on pages 7-19.

This report is made solely to the CIO's Trustees, as a body, in accordance with Section 145 of the Charities Act 2011 ("the Act") and regulations made under section 145 of the Act. My work has been undertaken so that I might state to the Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the CIO and the CIO's Trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) (The Charities Act) and that an independent examination is needed. It is my responsibility to

  1. Examine the accounts (under section 145 of the Act),

  2. to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act), and

  3. to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act; have not been met; or

  4. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.

Signed

Date

Simon Knee FCA

S D Knee Chartered Accountants 10 Bath Road Old Town Swindon SN1 4BA

STEP (SWINDON)

STATEMENT OF FINANCIAL ACTIVITIES YEAR TO 31 MARCH 2025

Notes
Income
Grants Receivable
2
Donations
Investment Income
Total Income
Expenditure
Charitable Expenditure
3
Total Expenditure
Net income and expenditure
for the year
Reconciliation of funds
Brought forward at 1 April 2024
Net income and expenditure for the
year
Carried forward at 31 March 2025		 Restricted
Funds
274,334
-
-
274,334
259,976
259,976
14,358
75,331
14,358
89,689		 Unrestricted
Funds
-
13,581
2,372
15,953
78,794
78,794
(62,841)
159,298
(62,841)
96,457		 31 March
31 March
2025
2024
Total
Total
274,334
196,208
13,581
19,876
2,372
1,340
290,287
217,424
338,770
320,170
338,770
320,170
(48,483)
(102,746)
234,629
337,375
(48,483)
(102,746)
186,146
234,629

STEP (SWINDON)

BALANCE SHEET AS AT 31 MARCH 2025

Notes
Fixed Assets
Tangible Assets for use by
Charity
8
Current Assets
Debtors
9
Cash at Bank and in Hand
Liabilities
Creditors: amounts falling
due within one year
10
Net Current Assets
Net Assets
Income Funds
Restricted
11
Unrestricted
12		 2,101
191,784
193,885
13,458		 31st March
2025
5,719
38,257
208,266
246,523
14,378
180,427
186,146
89,689
96,457
186,146		 31st March
2024
2,484
232,145
234,629
75,331
159,298
234,629

Approved on behalf of all the Trustees on the 20[th] January 2026

Sylvia Snelson Bob Barrett

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

1 Accounting Policies

Basis of preparation

The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK £ Sterling, which is the functional currency of the entity and rounded to the nearest £1.

Going concern

The financial statements have been prepared on the basis of being a going concern as the trustees do not have any concerns about the Charity’s ability to continue as a going concern as there are sufficient resources in reserve to meet any liabilities that may fall due for at least the next 12 months from the date these accounts are approved.

Public benefit

The Charity is a public benefit entity.

Statement of cash flows

The trustees do not have to prepare a statement of cash flows on the grounds that the charity is not considered “large” under the Charities SORP (FRS 102)

Debtors

Debtors are measured on initial recognition at settlement amount, and subsequently at the amount expected to be received or paid.

Government grants

Government grants are accounted for under the performance model, and are recognised when the performance conditions are met and receipt is certain.

Income

Income is recognised in the Statement of Financial Activities (SoFA) when the Charity becomes entitled to the resources, the trustees believe it is probable they will receive the resources, and the monetary value can be measured with sufficient reliability.

Where income has related expenditure the income and related expenditure are reported gross in the SoFA.

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

Expenditures and liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation which commits the Charity to the expenditure.

Charitable activities include expenditure associated with grant making and included the direct costs, support costs and governance costs relating to these activities.

Funds structure

Unrestricted funds are incoming resources receivable or generated for the objects of the charity without specified purpose and are available as general funds.

Judgement and key sources of estimation uncertainty

The preparation of the financial statements in conformity with FRS 102 requires trustees to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenditure. The estimates and associated assumptions are based upon historical experience and various other factors that are believed to be reasonable under circumstances, the result of which form the basis of making judgements about carrying values of assets and liabilities that are not readily available from other resources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects both current and future periods.

Taxation

The charity is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.

Tangible fixed assets for use by charity

Tangible fixed assets for use by the charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost over their expected useful lives on the following basis:

Plant and equipment: 20% straight line Motor Vehicle: 20% straight line

Pensions

Existing employees of the charity were entitled to join a defined contribution pension scheme. New and existing employees who are not in the pension scheme were automatically enrolled into the defined contribution scheme unless they have exercised their right to opt out of scheme membership. The charity makes a contribution of 5% and the contributions made for the accounting period are treated as an expense and were £11,660.

-10-

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

2 Grants Receivable

Swindon Borough Council
Therapeutic
Participation
Youth Investment
SSP Young Scrutineers
Skills & Employment
Total Government grants
Other grants
Children in Need (BBC)
Wiltshire Community
Foundation
Chesire Foundation
Global Charities
UK Youth
I Thrive
Partnership
Garfield Weston Foundation
Stratton Parish Council
Diocese of Bristol Deanery
Midcounties Co-op
WAY UK
Total other grants
Total Grants		 Restricted
Funds
127,612
21,500
20,000
-
-
169,112
20,545
5,000
7,894
-
31,900
11,000
20,000
-
1,192
6,571
1,120
105,222
274,334		 Unrestricted
Funds
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 31 March 2025
Total
127,612
21,500
20,000
-
-
169,112
20,545
5,000
7,894
-
31,900
11,000
20,000
-
1,192
6,571
1,120
105,222
274,334		 31 March 2024
Total
112,300
21,500
-
591
2,500
136,891
17,683
-
-
4,925
29,000
-
-
2,940
4,769
-
-
59,317
196,208

-11-

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

3 Total Expenditure

Notes
Staff Costs
5
Group Costs
Vehicle and Transportation
Costs
Staff Travel and Expenses
Staff Training
Administration Costs
4		 Restricted
Funds
208,232
4,624
1,938
3,537
5,188
36,457
259,976		 Unrestricted
Funds
65,125
1,468
616
1,124
672
9,789
78,794		 31 March
2025
Total
273,357
6,092
2,554
4,661
5,860
46,246
338,770		 31 March
2024
Total
269,041
9,368
6,730
4,745
1,985
28,301
320,170

4 Administration Costs

Office Rent
Other Costs
Office Running Costs
Telephone & IT Costs
Insurance
Professional
Depreciation
Accountancy		 Restricted
Funds
14,717
3,301
9,772
2,762
1,800
251
1,694
2,160
36,457		 Unrestricted
Funds
5,627
1,814
-
877
571
-
900
-
9,789		 31 March
2025
Total
20,344
5,115
9,772
3,639
2,371
251
2,594
2,160
46,246		 31 March
2024
Total
6,000
2,231
7,870
5,475
2,569
251
1,745
2,160
28,301

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STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

5 Staff Costs

Wages and Salaries
Employer’s National Insurance
Pension costs		 31 March
2025
241,307
20,390
11,660
273,357		 31 March
2024
238,614
19,153
11,274
269,041

Average number of employees 11 (2024: 12)

No employees had employee benefits in excess of £60,000. Pension costs are allocated to activities in proportion to the related staffing costs incurred.

The charity’s trustees were not paid or received any benefits from employment with the charity in the period neither were they reimbursed expenses during the period. No charity trustees received payment for professional or other services supplied to the charity.

There were no related party transactions.

The key management personnel of the charity were the Project Director and Project Manager.

The total employee benefits of the key management personnel of the charity were £82,827. (2024: £72,727)

7 Net movement in funds for the year

31 March 31 March
2025 2024
The net movement in funds for the year is stated after charging:
Fees for the examination of the accounts 2,160 2,160
Depreciation 2,594 1,745

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STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

8 Tangible Fixed Assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for year
At 31 March 2025
Net Book Value
At 1 April 2024
At 31 March 2025		 Equipment
14,403
5,829
20,232
11,919
2,594
14,513
2,484
5,719		 Mini Bus
12,500
-
12,500
12,500
-
12,500
-
-		 Total
26,903
5,829
32,732
24,419
2,594
27,013
2,484
5,719

9 Debtors: amount falling due within one year

Grants receivable
Other debtors
10
Creditors: amounts falling due within one year
Accruals		 31 March
2025
-
2,101
2,101
31 March
2025
13,458
13,458		 31 March
2024
33,450
4,807
38,257
31 March
2024
14,378
14,378

10 Creditors: amounts falling due within one year

-14-

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

11 Restricted Income Funds

Fund Name Purpose and Restrictions Purpose and Restrictions
BBC Children in Need - ASD For the provision of therapeutic group work for young
people aged 7 to 18(neurodiverse)children
WCF Community Grants For the provision of therapeutic group work for young
people aged 7 to 18(neurodiverse)children
UK Youth – I-Thrive To Implement and deliver an organisational approach to
managing the emotional wellbeing of the staff team,
volunteers, children, and young people.
UK Youth – Partnership Fund To enable partnership working to manage the wellbeing
of the staff team, volunteers, children, and young people.
Swindon Borough Council – Youth Investment Fund To undertake co-production work to aid development of
the Lyndhurst Centre Youth Hub
Swindon Borough Council – Therapeutic For the provision of therapeutic group work for young
people aged 7 to 18, residing in the borough of Swindon
(Including Saturday specialist SEND provision)
Swindon Borough Council – SEND Participation For the provision of a participation programme for young
people with SEND between the ages of 11 to 25 in
Swindon
EMR Chesire Foundation - Building Futures For the provision of therapeutic group work for young
people aged 7 to 18, residing in the borough of Swindon
Diocese of Bristol Deanery For the provision of in-school sessions to support
emotional wellbeing and negative behaviours within the
classroom
Garfield Weston Foundation Core costs to support the delivery of Therapeutic
Programmes
WAY UK Supporting children and young people to co-produce
content for Swindon’s Integrated Care Board Annual
Health Report
Midcounties Co-op For the provision of resources to support therapeutic
group work for young people aged 7 to 18 (neurodiverse)
children

-15-

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

11 Restricted Income Funds (continued)

Movements of Funds

Swindon Borough Council
Therapeutic
Participation/Thought Tank
Youth Investment
Children In Need - Therapeutic
Chesire Foundation
WCF Community
UK Youth – I Thrive
UK Youth - Partnership
Garfield Weston Foundation
Diocese of Bristol Deanery
Midcounties Co-op
WAY UK		 1StApril
2024
75,331
-
-
-
-
-
-
-
-
-
-
-
75,331		 Income
127,612
21,500
20,000
20,545
7,894
5,000
31,900
11,000
20,000
1,192
6,571
1,120
274,334		 Expenditure
and transfers
(128,165)
(21,500)
(20,000)
(20,545)
(7,894)
(5,000)
(31,900)
(11,000)
(5,089)
(1,192)
(6,571)
(1,120)
(259,976)		 31stMarch
2025
74,778
-
-
-
-
-
-
-
14,911
-
-
-
89,689

-16-

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

Movements of Funds (continued)

Swindon Borough Council
Therapeutic
Participation
Safer Streets
TaMHS Support group
SSP Young Scrutineers
Skills & Employment
Children In Need
Therapeutic
Barnardo’s
Participation
Globals Make Some Noise –
Therapeutic 5 Steps
UK Youth
I Thrive
Statton Parish Council
Diocese of Bristol Deanery		 1stApril
2023
99,473
25,712
35,954
1,066
-
-
14,276
16,293
2,114
194,888		 Income
112,300
21,500
-
-
591
2,500
17,683
4,925
29,000
2,940
4,769
196,208		 Expenditure
and
transfers
(136,442)
(47,212)
(35,954)
(1,066)
(591)
(2,500)
(31,959)
(16,293)
(4,925)
(31,114)
(2,940)
(4,769)
(315,765)		 31stMarch
2024
75,331
-
-
-
-
-
-
-
-
-
-
-
75,331

-17-

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

12 Unrestricted Funds

Unrestricted
Funds
PRIOR YEAR
Unrestricted
Funds		 1stApril 2024
159,298
159,298
1stApril 2023
142,487
142,487		 Income
15,953
15,953
Income
21,216
21,216		 Expenditure
(78,794)
(78,794)
Expenditure
(4,405)
(4,405)		 31stMarch 2025
96,457
96,457
31stMarch 2024
159,298
159,298

13 Analysis of Net Assets Between Funds

Fixed Assets
Net Current Assets
Total Net Assets		 Unrestricted Funds
3,601
92,856
96,457		 Restricted Funds
2,118
87,571
89,689		 Total
5,719
180,427
186,146

-18-

STEP (SWINDON)

NOTES TO FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

13 Comparative figures by fund

Income
Grants Receivable
Donations
Investment Income
Total Income
Expenditure
Charitable Expenditure
Total Expenditure
Net income and expenditure for
the period
Reconciliation of funds
Brought forward at 1 April 2023
Carried forward at 31 March 2024		 Restricted
Funds
196,208
-
-
196,208
315,765
315,765
(119,557)
194,888
75,331		 Unrestricted
Funds
-
19,876
1,340
21,216
4,405
4,405
16,811
142,487
159,298		 31stMarch 2024
Total
196,208
19,876
1,340
217,424
320,170
320,170
(102,746)
337,375
234,629

-19-