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FIRST STEP TRUST

Registered charity 1077959 · accounts filings on the Charity Commission register · also known as FST

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Latest income
£1.4m
Latest spending
£1.4m
Registered
1999
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £63,604 for the year, resulting in a decrease in total funds. However, the trustees report that the overall financial position remains strong, supported by unrestricted reserves of £4,450,295 and a reserves policy targeting nine months of core expenditure. The charity continues to generate income from service contracts, grants, and trading activities to support its operations.

What the accounts disclose

Reserves policy: nine month’s core expenditure (held: £4.5m)
“It is the policy of the charity that reserves should be maintained at a level equivalent to nine month’s core expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: R Barringer received remuneration of £3,324
“One director, R Barringer received remuneration of £3,324 (2024: none).” — page 26
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.4m
Total spending
£1.4m
Reserves (reported)
£60k
Employees
23

Reported reserves equal ~0.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Bexley · Bury · Greenwich · Lambeth · Salford City · St Helens

Income and spending

Financial year endIncomeSpending
31/03/2025£1.4m£1.4m
31/03/2024£1.4m£1.3m
31/03/2023£1.6m£1.2m
31/03/2022£1.5m£1.2m
31/03/2021£1.3m£1.5m

Common questions

Is FIRST STEP TRUST financially healthy?

The accounts state that the charity reported a net expenditure of £63,604 for the year, resulting in a decrease in total funds. However, the trustees report that the overall financial position remains strong, supported by unrestricted reserves of £4,450,295 and a reserves policy targeting nine months of core expenditure. The charity continues to generate income from service contracts, grants, and trading activities to support its operations. Its FY2025 accounts were audited by Buzzacott Audit LLP.