REGISTERED COMPANY NUMBER: CE015327 (England and Wales) REGISTERED CHARITY NUMBER: 1180230
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 4 April 2024
for
3 Million Steps
CUNNINGHAMS Number Sixty One Alexandra Road Lowestoft Suffolk NR32 1PL
3 Million Steps
Contents of the Financial Statements for the Year Ended 4 April 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
3 Million Steps
Report of the Trustees for the Year Ended 4 April 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 4 April 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of 3 Million Steps is to help take the financial burden from brain injury survivors and their carers so they can concentrate on their recovery and once again live with dignity, self-worth and return to being a valued member of society and their family.
FINANCIAL REVIEW
Reserves policy
Total unrestricted funds at 4 April 2024 had a surplus of £19,254 (2023: £13,975). The Trustees deem this to be sufficient for the current financial requirements of the Charity but will continue to seek to increase this as the Charity develops in the future.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they have adopted the going concern basis in preparing the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by a constitution dated 8th October 2018.
Charity constitution
The charity is registered as a Charitable Incorporated Organisation and was registered on 08/10/2018 (number 1180230).
Recruitment and appointment of new trustees
The management of the CIO is the responsibility of the Trustees who are elected and co-opted under the terms of the constitution.
Organisational structure
The CIO currently has 6 trustees.
All trustees are regularly kept up to date on changing laws, policies and procedures of the Charity Commission.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE015327 (England and Wales)
Registered Charity number
1180230
Registered office
9 Lorne Park Road Lowestoft Suffolk NR33 0RD
Page 1
3 Million Steps
Report of the Trustees for the Year Ended 4 April 2024
Trustees
Mr I Brown - Chair Mr P Dyer Mr J Fisher Mrs K Inglis Mrs Z Dyer Mrs R Baynes Mr A Inglis (resigned 19.8.23) Approved by order of the board of trustees on .........................................2025 and signed on its behalf by:
........................................................................ Mr I Brown - Trustee
Page 2
3 Million Steps
Statement of Financial Activities for the Year Ended 4 April 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,529 9,980 Investment income 2 8 - Total 12,537 9,980 EXPENDITURE ON Charitable activities Charitable Activities 8,758 8,480 NET INCOME/(EXPENDITURE) 3,779 1,500 Transfers between funds 10 1,500 (1,500) Net movement in funds 5,279 - RECONCILIATION OF FUNDS Total funds brought forward 13,975 - TOTAL FUNDS CARRIED FORWARD 19,254 - |
4.4.24 4.4.23 Total Total funds funds £ £ 22,509 16,660 8 2 22,517 16,662 17,238 18,494 5,279 (1,832) - - 5,279 (1,832) 13,975 15,807 19,254 13,975 |
|---|---|
The notes form part of these financial statements
Page 3
3 Million Steps
Balance Sheet
4 April 2024
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 6 3,839 - CURRENT ASSETS Stocks 7 1,200 - Debtors 8 3,528 - Cash at bank 11,073 - 15,801 - CREDITORS Amounts falling due within one year 9 (386) - NET CURRENT ASSETS 15,415 - TOTAL ASSETS LESS CURRENT LIABILITIES 19,254 - NET ASSETS 19,254 - FUNDS 10 Unrestricted funds TOTAL FUNDS |
4.4.24 Total funds £ 3,839 1,200 3,528 11,073 15,801 (386) 15,415 19,254 19,254 19,254 19,254 |
4.4.23 Total funds £ 3,829 - 3,027 7,483 10,510 (364) 10,146 13,975 13,975 13,975 13,975 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on .........................................2025 and were signed on its behalf by:
............................................. Mr I Brown - Trustee
The notes form part of these financial statements
Page 4
3 Million Steps
Notes to the Financial Statements for the Year Ended 4 April 2024
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance Equipment and fixtures - 20% on cost
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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.
continued...
Page 5
3 Million Steps
Notes to the Financial Statements - continued for the Year Ended 4 April 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 4.4.24 | 4.4.23 | |
| £ | £ | |
| Deposit account interest | 8 2 |
|
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| Depreciation - owned assets | 4.4.24 4.4.23 £ £ 1,490 1,264 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 4 April 2024 nor for the year ended 4 April 2023.
TRUSTEES' EXPENSES
Two trustees received total expense reimbursements of £3,062 within the year (2023: one trustee received a total of £423).
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|---|---|
| Donations and legacies | 16,660 |
| Investment income | 2 |
| Total | 16,662 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable Activities | 18,494 |
| NET INCOME/(EXPENDITURE) | (1,832) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 15,807 |
| TOTAL FUNDS CARRIED FORWARD | 13,975 |
continued...
Page 6
3 Million Steps
Notes to the Financial Statements - continued for the Year Ended 4 April 2024
6. TANGIBLE FIXED ASSETS
| Equipment Motor and vehicles fixtures £ £ COST At 5 April 2023 3,250 3,898 Additions - 1,500 At 4 April 2024 3,250 5,398 DEPRECIATION At 5 April 2023 1,089 2,230 Charge for year 432 1,058 At 4 April 2024 1,521 3,288 NET BOOK VALUE At 4 April 2024 1,729 2,110 At 4 April 2023 2,161 1,668 7. STOCKS 4.4.24 £ Stocks 1,200 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 4.4.24 £ Prepayments and accrued income 3,528 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 4.4.24 £ Accrued expenses 386 10. MOVEMENT IN FUNDS Net Transfers movement between At 5.4.23 in funds funds £ £ £ Unrestricted funds General fund 13,975 3,779 1,500 Restricted funds Active Suffolk - 1,500 (1,500) TOTAL FUNDS 13,975 5,279 - |
Totals £ 7,148 1,500 8,648 3,319 1,490 4,809 3,839 3,829 4.4.23 £ - 4.4.23 £ 3,027 4.4.23 £ 364 At 4.4.24 £ 19,254 - 19,254 |
|---|---|
continued...
Page 7
3 Million Steps
Notes to the Financial Statements - continued for the Year Ended 4 April 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 12,537 |
(8,758) | 3,779 |
| Restricted funds | ||
| Active Suffolk 9,980 |
(8,480) | 1,500 |
| TOTAL FUNDS 22,517 |
(17,238) | 5,279 |
| Comparatives for movement in funds At 5.4.22 £ Unrestricted funds General fund 15,807 |
Net movement in funds £ (1,832) |
At 4.4.23 £ 13,975 |
| TOTAL FUNDS 15,807 |
(1,832) | 13,975 |
| Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 16,662 |
Resources expended £ (18,494) |
Movement in funds £ (1,832) |
| TOTAL FUNDS 16,662 |
(18,494) | (1,832) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net Transfers movement between At 5.4.22 in funds funds £ £ £ Unrestricted funds General fund 15,807 1,947 1,500 Restricted funds Active Suffolk - 1,500 (1,500) TOTAL FUNDS 15,807 3,447 - |
At 4.4.24 £ 19,254 - 19,254 |
|---|---|
continued...
Page 8
3 Million Steps
Notes to the Financial Statements - continued for the Year Ended 4 April 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 29,199 | (27,252) | 1,947 | |
| Restricted funds | ||||
| Active Suffolk | 9,980 | (8,480) | 1,500 | |
| TOTAL FUNDS | 39,179 | (35,732) | 3,447 | |
11. RELATED PARTY DISCLOSURES
During the year, the charity made payments of £2,010 to Mr I Brown and £1,110 to Mrs Z Dyer in respect of sports coaching sessions provided. No element of the payments related to duties performed as trustees. There were no related party transactions for the year ended 4 April 2023.
Page 9
3 Million Steps
Detailed Statement of Financial Activities for the Year Ended 4 April 2024
| 4.4.24 | 4.4.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 10,992 | 14,970 |
| Gift aid | 1,537 | 1,690 |
| Grants | 9,980 | - |
| Investment income | 22,509 | 16,660 |
| Deposit account interest | 8 | 2 |
| Total incoming resources | 22,517 | 16,662 |
| EXPENDITURE | ||
| Charitable activities | ||
| Hire of plant and machinery | - | 1,740 |
| Insurance | 774 | 672 |
| Telephone | 190 | - |
| Postage and stationery | 643 | 610 |
| Advertising | 269 | 1,051 |
| Fundraising event costs | 1,417 | 2,741 |
| Equipment | 1,799 | 894 |
| Travel and accommodation | 319 | 1,833 |
| Motor expenses | 3,018 | 4,472 |
| Repairs and renewals | - | 219 |
| Computer costs | 1,510 | 784 |
| Subscriptions | 432 | 95 |
| Accountancy | 386 | 363 |
| Payment processing fees | 12 | 27 |
| Container rent | 1,330 | 1,730 |
| Coaching costs | 3,120 | - |
| Venue hire | 740 | - |
| Depn of motor vehicles | 432 | 540 |
| Depn of equipment and fixtures | 1,058 | 723 |
| Grants to institutions | 989 | - |
| Closing stock | (1,200) | - |
| 17,238 | 18,494 | |
| Total resources expended | 17,238 | 18,494 |
| Net income/(expenditure) | 5,279 | (1,832) |
This page does not form part of the statutory financial statements
Page 10