STEP DEVELOPMENT TRUST
Registered charity 1062058 · accounts filings on the Charity Commission register · also known as STEP, STOCKSBRIDGE TRAINING AND ENTERPRISE PARTNERSHIP
Social and economic regeneration of the Stocksbridge and Deepcar community by the provision of community education, ICT training, full nursery day care through its purpose built Children's Centre, managed workspace and virtual office services through its Business Centre and Community and Performing Arts through its award winning hub - The Venue.
Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · Amateur Sport · Economic/community Development/employment · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £999,378, which is above the stated policy target of six months of operating expenditure. The charity reported a net income surplus of £95,029 for the year, indicating positive financial performance despite facing national cost pressures.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: six months of operating expenditure (held: £999k)
“The Trustees aim to maintain unrestricted reserves equivalent to six months of operating expenditure to safeguard against potential shortfalls in income.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Debt owed by subsidiary
“Included in debtors is a balance of £nil (2024: £nil) owed from the subsidiary company Step Business Enterprises Limited. Included in expenses is an amount of £28,200 (2024: £22,724) for a provision for bad debt. The trustees have a plan in place to recoup this debt over a number of years, however it has been considered appropriate and prudent to make a provision against the amount due.” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: STEP Business Enterprises Limited
“its trading subsidiary, SBEL Ltd, generates earned income to support core operations.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.
Property (HM Land Registry)
5 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/03/2025)
Reported reserves equal ~18.6 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).
Per its annual return, largest income source: Charitable activities (100% 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).
- GRAHAM SILVERWOODchair · trustee of 1 other charity
- Alan Stanley Law
- DOUGLAS STANLEY PATTERSON
- Pauline Naylor
- Susan Christine Abrahams
Trustee list from the Charity Commission register (current, not historical).
Operates in: Sheffield City
Income and spending
Common questions
Is STEP DEVELOPMENT TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £999,378, which is above the stated policy target of six months of operating expenditure. The charity reported a net income surplus of £95,029 for the year, indicating positive financial performance despite facing national cost pressures. Its FY2025 accounts were independently examined.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
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Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with London Development Trust Ltd.
Side by side with its peers
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