DERWENT STEPPING STONES NURSERY AND COMMUNITY TRAINING CENTRE

Registered charity 1024544 · accounts filings on the Charity Commission register · also known as DERWENT STEPPING STONES

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.

Causes: Education/training · website · Get email alerts

Latest income
£840k
Latest spending
£894k
Registered
1993
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Charitable activities (94% of income)
“Charitable activities 4 291,329 495,138 786,467” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £-29k; policy: between 2 months and 3 months of core operating costs)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from related parties
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Dains Audit Limited. Discloses 5 of 6 completeness components.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/07/2024)

Total income
£840k
Total spending
£894k
Reserves (reported)
£0
Employees
36

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (94% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Derby City · Derbyshire

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund27/07/2018£10kEarly Talkers
The National Lottery Community Fund04/05/2005£86kProvide locally based family support &basic skills to families in community