2023-03-31-accounts - Step Forward (Tower Hamlets)

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Legal and	administrative	information
Report of	the trustees		2to 15
Report of	the independent	auditors	16to 19
Statement	offinancial activities'		20
Balance sheet			21
Statement	ofcash flows		22
Notes to the financial statements			23 to 34

Patron					Sir Ian Mckellen
Trustees					Naomi Gaffney
					Dennis Twomey
					Hussein Ali
					Bolade Kerr
Chief Executive Officer					Jennifer Fear
Secretary					Dennis Twomey
Registered		Office			234 Bethnal Green Road
					London
					E2 OAA
Company	Registration			Number	2441231
Charity Registration			Number		802597
Independent		Auditor			Shaw Gibbs (Audit) Limited
					Salatin House
					19Cedar Road
					Sutton
					Surrey
					SM2 5DA

						Total
			Note	Unrestricted f	Restricted f	2023 f.
Income and Endowments		from:
Donations and legacies				25,805		25,805
Chadtable activities				723,106	61,117	784,223
Total income				748,911	61,117	810,028
Expenditure on:
Raising funds				(772)		(772)
Charitable activities				(472,598)	(142,513)	(615,111)
Other expenditure				(8,068)		(8,068)
Total expenditure				(481,438)	(142,513)	(623,951)
Net movement in funds				267,473	(81,396)	186,077
Reconciliation of	funds
Total funds brought	forward		16	1,092,574	209,847	1,302,421
Total funds carried	forward		13	1 3311,347	128,451	1,488,498
						Total
			Note	Unrestricted f	Restricted f	2022f
Income and Endowments		from:
Donations and legacies				25,819		25,819
Charitable activities				586,373	131,241	717,614
Total income				612,192	131,241	743,433
Expenditure on:
Raising funds				(198)		(198)
Charitable activities				(535,488)	(54,346)	(589,834)
Other expenditure				(9,394)		(9,394)
Total expenditure				(545,080)	54,346	(599,426
Net income				67,112	76,895	144,007
Net movement in funds				67,112	76,895	144,007
Reconciliation of	funds
Total funds brought	forward			1,025,462	132,952	1,158,414
Total funds carried	forward		16	1,092,574	209,847	1,302,421

				2023	2022
			Note	F
Fixed assets
Tangible assets			12	335,704	343,699
Current assets
Debtors			13	559,322	417,629
Cash at bank	and	in hand		705,280	565,481
				1,264,602	983,110
Creditors			14	~111506	24388
Net current assets				1 152.794	958 722
Net assets				1 488 498	1 302421
Funds ofthe	charity:
Restricted			16	128,451	209,847
Unrestricted	income funds
Unrestricted			16	1 360 047	1 092 574
Total funds				1,488,498	1,302,421

FOR	THE YEAR	ENDED	31 MARCH	2023
			Note	2023 f	2022f
Cash flows from operating activities
Net cash income				186,077	144,007
Adjustments to cash flows from non-cash		items
Depreciation			12	7,994	8,907
				194,071	152,914
Working capital adjustments
(Increase)/decrease in debtors			13	(141,693)	13,879
Increase/(decrease) in creditors			14	87,421	(78,862)
Net cash flows from operating	activities			139,799	87,931
Cash flows from investing activities
Purchase oftangible fixed assets			12		(22,235)
Net increase in cash and cash	equivalents			139,799	65,696
Cash and cash equivalents at	1 April			565,481	499,785
Cash and cash equivalents at	31 March			705,280	565,481

				Unrestricted		Total	Total
				General	Restricted	2023f	2022f
Eleanor Hamilton		Educational
Trust				7,000		7,000	7,000
Other donations/		gifts		14,605		14,605	18,819
Frank Haines	Memorial		Trust	4,200		4,200
				25,805		25,805	25,819

Income from c	haritable ac	tivities
		Unrestricted		Total	Total
		funds f	Restricted f	2023f	2022 6
Department of health	and social
care					29,735
LGBTQ Support			25,000	25,000	45,521
NHS Tower Hamlet	CCG	286,707		286,707	431,000
HEE			12,784	12,784	55,985
ELFT- Mental Health		279,844		279,844	136,989
Schools		66,555		66,555	18,384
Reach Me Project			23,333	23,333
Home Town Grant (Vanguard)		40,000		40,000
Compass Wellbeing		50,000		50,000
		723,106	61,117	784,223	717,614

		Unrestricted		Total		Total
		Funds f	Restricted	2023		2022
Fundraising	costs	772			772		198
Fund raising	costs in the prior year were from unrestricted		funds.

6 Expend	itu	re on charitable	activities
			Unrestricted		Total	Total
			General	Restricted	2023	2022
			6
Staff costs			329,495	109,832	439,327	418,558
Sub-contractor		costs	84,375		84,375	112,500
Premises costs			24,556		24,556	13,215
Client services			8,148		8,148	7,850
Volunteers			727		727
Training and	recruitment		4,095		4,095	3,103
General office			11,345	29,488	40,833	23,218
Professional	fees		5,056		5,056	2,483
Depreciation			4,801	3,193	7,994	8,907
			472,598	142,513	615,111	589,834
		Activity	Grant	Activity
		undertaken	funding of	support	Total	Total
		directly f	activity f	costs	2023	2022
Staff cost		329,495	109,832		439,327	418,558
Sub-contractor
costs		84,375			84,375	112,500
Premises costs		24,556			24,556	13,215
Client services		8,148			8,148	7,850
Volunteers		727			727
Training and
recruitment		4,095			4,095	3,103
General office			29,488	11,345	40,833	23,218
Professional	fees			5,056	5,056	2,483
Depreciation			3,193	4,801	7,994	8,907
		451,396	142,513	21,202	615,111	589,834

		Unrestricted		Total	Total
		fundsf	Restricted	2023f	2022 6
Bank	charges	606		606	3,022
Audit	and accountancy	7,462		7,462	6,372
		8,068		8,068	9,394

9 Staff costs The aggregate payroll costs were as follows:
	2023	2022
		6
Staff costs during the year were:
Wages and salaries and social security	419,045	399,123
Pension costs	20,282	19,435
	439,327	418,558

12Tangible fixed assets
		Furniture
	Land and	and
	buildings	equipment	Total
	8	6
Cost
At 1 April 2022	412,527	72,656	485,183
At 31 March 2023	412,527	72,656	485,183
Depreciation
At 1 April 2022	89,522	51,963	141,485
Charge for the year	4,209	3,785	7,994
At 31 March 2023	93,731	55,748	149,479
Net book value
At 31 March 2023	318,796	16,908	335,704
At 31 March 2022	323,005	20,693	343,698

13Debtors
		2023	2022f
Accrued income		559,322	417,629
14Creditors
		2023	2022f
Other taxation	and social security	12,019	13,264
Other creditors		93,189	5,424
Accrued expenses		6,600	5,700
		111,808	24,388

					Balance at
	Balance at	Incomino	Resources		31 Mar
	1 Apr 2022	resources f	expended	Transfers f	2023f
Unrestricted
General
General funds	394,702	748,911	(476,637)		666,976
Designated
Property	325,372		(4,801)		320,571
Redecoration	4,500			10,500	15,000
Building upgrade	150,000			50,000	200,000
Furniture & Equipment	6,000			25,000	31,000
Major repairs	12,000			(12,000)
HR Contingency	75,000				75,000
Other Contingency	125,000			(73,500)	51,500
	697,872		(4,801)		693,071
Total Unrestricted	1,092,574	748,911	(481,438)		1,360,047
Restricted
HEE	73,595	12,784	(65,899)		20,480
LBTH: Reach Me	20,000	23,333			43,333
LBTH: LGBTQ Support	68,438		(43,933)		24,505
Department of Health	47,814		(32,681)		15,133
Young people counselling		25,000			25,000
Total restricted	209,847	61,117	~142,573		128,451
Total funds	1,302,421	810,028	~623,957		1,488,498

		Balance at	Incoming	Resources	Balance at
		1 Apr 2021 f	resources f	expended f	31 llllar 2022 f
Unrestricted
General
General funds		322,592	612,192	(540,082)	394,702
Designated
Property		330,370		(4,998)	325,372
Redecoration		4,500			4,500
Building upgrade		150,000			150,000
Furniture & Equipment		6,000			6,000
Major repairs		12,000			12,000
HR Contingency		75,000			75,000
Other Contingency		125,000			125,000
		702,870		(4,998)	697,872
Total Unrestricted	funds	1,025462	612192	~(54508II	1,092,574
Restricted
HEE		68,048	55,984	(50,437)	73,595
LBTH: Reach Me			20,000		20,000
LBTH: LGBTQ Support		42,917	25,521		68,438
Department of Health		21,987	29,736	(3,909)	47,814
Total restricted		132,952	131,241	(54,346)	209,847
Total funds		1,158414	743433	(599426}	1,302421

The specific purposes	The specific purposes	for which the funds	are to be applied are as follows:
Name ofunrestricted		funds	Description, nature and purpose ofthe fund
General funds			The 'free reserves' after allowing for designated	funds
Designated funds:
			The designated property fund represents the	net book
Property			value oftangible fixed assets as these funds are tied		up
			and are unavailable for general use by the charity.
Redecoration			Funds for the cost of redecorating leasehold property
Building upgrade			Funds for IT upgrades and for construction reconfigure our ground floor	work	to
Furniture & Equipment			Funds for the cost of repair and replacement items	of these
Major repairs			Funds set aside in case of major repairs
HR Contingency			Contingency for unexpected HR costs
Other Contingency			Funds sufficient to cover 3months expenditure
Name ofrestricted	funds		Description, nature and purpose ofthe fund
LBTH:
Reach Me			Grant to cover expenditure on counselling
LGBTQ support			Grant to cover expenditure for support services LGBTQ young people.		for
Young Peoples Counselling			Grant to cover expenditure on youth counselling
Department of Health		and Social Care	Grant to cover expenditure on the increased emotional places ofsafety for young people.	access	to
HEE

			Designated
Year ended 31 March 2023		General funds g	fundsf	Restricted 8	Total funds
Tangible	fixed assets		320,571	15,133	335,704
Current	assets	763,650	372,500	128,452	1,264,602
Current	liabilities	««,808)			«11,808)
Total net assets		651,842	693,071	143,585	1,488,498
			Designated
Year ended 31 March 2022		General funds f	fundsf	Restricted	Total funds 6
Tangible	fixed assets		325,373	18,326	343,699
Current	assets	419,090	372,499	191,521	983,110
Current	liabilities	(24,388)			(24,388)
Total net assets		394,702	697,872	209,847	1,302,421