**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