**REGISTERED COMPANY NUMBER: 12728834 (England and Wales) REGISTERED CHARITY NUMBER: 1191600**
**STEPS AHEAD LTD (A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2022**
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
## **STEPS AHEAD LTD**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022**
||**Page**||
|---|---|---|
|**Reference and Administrative Details**|1||
|**Report of the Trustees**|2||
|**Statement of Financial Activities**|3||
|**Balance Sheet**|4||
|**Notes to the Financial Statements**|5 to|8|
## **STEPS AHEAD LTD**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2022**
## **TRUSTEES**
M Getter S Schloss J Steinmetz
## **REGISTERED OFFICE**
61 Olinda Road London N16 6TR
## **REGISTERED COMPANY** 12728834 (England and Wales) **NUMBER**
**REGISTERED CHARITY** 1191600 **NUMBER BANKERS** National Westminster Bank Plc 198 Stoke Newington High Street London N16 7GA
Page 1
## **STEPS AHEAD LTD (REGISTERED NUMBER: 12728834)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 31 July 2021.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
The information is shown on page 1 of the financial statements and forms part of this report.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To promote and protect the good health and wellbeing of children aged 3-16 experiencing learning, behavioural, emotional, late developmental and other difficulties, through the provision of facilities, resources and therapies. The charity also provides grants for additional and also offers parental advice.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit..
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The trustees are pleased with results of the year. Children were helped with reading on a one to one basis by skilled teachers and lectures and activities were arranged. The trustees hope to expand this process to more children in the future.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £4,159 (2021 - £483 deficit)
## **FUTURE PLANS**
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 8 July 2020.
## **Recruitment and appointment of new trustees**
The day-to-day affairs of the company are administered by the trustees. The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
## **Risk management**
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 10 May 2023 and signed on its behalf by:
J Steinmetz - Trustee
Page 2
## **STEPS AHEAD LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2022**
||||**PERIOD**|
|---|---|---|---|
||||**8.7.20**|
|||**YEAR ENDED**|**TO**|
|||**31.7.22**|**31.7.21**|
|||**Unrestricted**|**Total**|
|||**fund**|**funds**|
||**Notes**|**£**|**£**|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies||67,219|45,250|
|**EXPENDITURE ON**||||
|**Charitable activities**|2|||
|Educational project||61,729|45,000|
|Support||848|733|
|**Total**||62,577|45,733|
|**NET INCOME/(EXPENDITURE)**||4,642|(483)|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||(483)|-|
|**TOTAL FUNDS CARRIED FORWARD**||4,159|(483)|
The notes form part of these financial statements
Page 3
## **STEPS AHEAD LTD (REGISTERED NUMBER: 12728834)**
## **BALANCE SHEET 31 JULY 2022**
|**Notes**
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS/(LIABILITIES)**
**FUNDS**
8
Unrestricted funds:
General fund
**TOTAL FUNDS**|**2022**
**Total**
**funds**
**£**
27,999
(23,840)
4,159
4,159
4,159
4,159
4,159|**2021**
**Total**
**funds**
**£**
5,237
(5,720)
(483)
(483)
(483)
(483)
(483)|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 10 May 2023 and were signed on its behalf by:
J Steinmetz - Trustee
The notes form part of these financial statements
Page 4
**STEPS AHEAD LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022**
## **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. Income received by way of donations is accounted for when received.
## **Expenditure**
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **2. CHARITABLE ACTIVITIES COSTS**
|**Direct**
**Support**
**Costs (see**
**costs (see**
**note 3)**
**note 4)**
**£**
**£**
Educational project
61,729
-
Support
-
848
61,729
848|**Totals**
**£**
61,729
848|
|---|---|
||62,577|
Page 5
## **STEPS AHEAD LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022**
## **3. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|**3.**|**DIRECT COSTS OF CHARITABLE ACTIVITIES**||||
|---|---|---|---|---|
|||||**PERIOD**|
|||||**8.7.20**|
||||**YEAR ENDED**|**TO**|
||||**31.7.22**|**31.7.21**|
||||**£**|**£**|
||Rent||18,000|16,000|
||Repairs and maintenance||12,000|-|
||Lecturers and tutors||15,600|15,000|
||Books and teaching aids||1,654|13,195|
||Welfare||14,475|805|
||||61,729|45,000|
|**4.**|**SUPPORT COSTS**||||
||||**Governance**||
|||**Finance**|**costs**|**Totals**|
|||**£**|**£**|**£**|
||Support|8|840|848|
||Support costs, included in the above, are as follows:||||
||**Finance**||||
|||||**PERIOD**|
|||||**8.7.20**|
||||**YEAR ENDED**|**TO**|
||||**31.7.22**|**31.7.21**|
|||||**Total**|
||||**Support**|**activities**|
||||**£**|**£**|
||Bank charges||8|-|
||**Governance costs**||||
|||||**PERIOD**|
|||||**8.7.20**|
||||**YEAR ENDED**|**TO**|
||||**31.7.22**|**31.7.21**|
|||||**Total**|
||||**Support**|**activities**|
||||**£**|**£**|
||Independent examiner's fee||420|360|
||Independent examiner's other fees||420|360|
||General expenses||-|13|
||||840|733|
Page 6
## **STEPS AHEAD LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022**
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the period ended 31 July 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2022 nor for the period ended 31 July 2021.
## **6. AVERAGE STAFF NUMBERS**
The average number of staff in the year was Nil ( 2121 - Nil)
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Loans
Accruals and deferred income|**2022**
**£**
5,000
18,840
23,840|**2021**
**£**
5,000
720|
|---|---|---|
|||5,720|
## **8. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||**Net**||
|||**movement**|**At**|
||**At 1.8.21**|**in funds**|**31.7.22**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|(483)|4,642|4,159|
|**TOTAL FUNDS**|(483)|4,642|4,159|
|Net movement in funds, included in the above are as follows:||||
||**Incoming**|**Resources**|**Movement**|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|67,219|(62,577)|4,642|
|**TOTAL FUNDS**|67,219|(62,577)|4,642|
Page 7
## **STEPS AHEAD LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||**Net**||
|---|---|---|
||**movement**|**At**|
||**in funds**|**31.7.21**|
||**£**|**£**|
|**Unrestricted funds**|||
|General fund|(483)|(483)|
|**TOTAL FUNDS**|(483)|(483)|
Comparative net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|45,250|(45,733)|(483)|
|**TOTAL FUNDS**|45,250|(45,733)|(483)|
## **9. RELATED PARTY DISCLOSURES**
The charity received donations of £20,500 from a charity in which a trustee has an interest.
Page 8