DERWENT STEPPING STONES NURSERY AND COMMUNITY TRAINING CENTRE
The charity operates in the Derwent, Mackworth and Normanton areas of Derby and aims to support families in a holistic way. Our Nursery settings support paying customers, adult learners and those eligible for the Free Early Education Entitlement. Learners can access children's workforce training from traineeships to Level 3 apprenticeship qualifications.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £54,558 for the year ended 31 July 2024, resulting in a deficit on general reserves of £29,452. The trustees acknowledge that steps are required to bring free reserves back in line with their policy target of two to three months of core operating costs. Despite these challenges, the trustees and auditors confirm that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Charitable activities 4 291,329 495,138 786,467” — page 15
“At the period end total funds held by the charity amounted to £1,162,784 of which designated funds amounted to £1,192,236 leaving a deficit on general reserves of £29,452. It is the objective of the charity to achieve and maintain free reserves of between 2 months and 3 months of core operating costs, which currently equates to between £154,000 and £230,000 and the Trustees acknowledge that steps are required to bring free reserves back in line with this objective.” — page 6
“During the year, the charity received in aggregate donations amounting to £40,000 from related parties (2023: £nil). During the year YMCA Derbyshire provided an additional loan of £45,000 (2023: £50,000) and the total amount outstanding at 31 July 2024 was £95,000. Interest charges separately made were £4,464 (2023: £374). At 31 July 2024, there was amount of £5,125 (2023: £nil) owed by YMCA Derbyshire. In the prior year, YMCA Derbyshire provided £50,000 of management servies and £3,055 of operating related services. The total amount owed as at 31 July 2024 to YMCA Derbyshire by the Charity was £89,875 (2023: £103,429). Page 33” — page 35
Corporate structure
- Registered company of the charity Companies House 02826849
Company officers (Companies House)
- BROOKS, Kim Joyce on trustee list
- BRETT, Angelina on trustee list
- SMITH, Helen on trustee list
- NORTH, Rachel Mary on trustee list
- HENSHAW, Katherine on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2024)
Trustees
- Angelina Brett
- Helen Smith
- Katherine Henshaw
- Kim Joyce Brooks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2024 | £840k | £894k |
| 31/07/2023 | £651k | £751k |
| 31/03/2022 | £1.2m | £1.2m |
| 31/03/2021 | £984k | £951k |
| 31/03/2020 | £951k | £1.1m |
Common questions
Is DERWENT STEPPING STONES NURSERY AND COMMUNITY TRAINING CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £54,558 for the year ended 31 July 2024, resulting in a deficit on general reserves of £29,452. The trustees acknowledge that steps are required to bring free reserves back in line with their policy target of two to three months of core operating costs. Despite these challenges, the trustees and auditors confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Dains Audit Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 27/07/2018 | £10k | Early Talkers |
| The National Lottery Community Fund | 04/05/2005 | £86k | Provide locally based family support &basic skills to families in community |