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STEPS TO WORK

Registered charity 1100403 · accounts filings on the Charity Commission register · also known as STEPS TO WORK (WALSALL) LIMITED, STEPS TO WORK (WALSALL) LTD

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Latest income
£11.4m
Latest spending
£13.9m
Registered
2003
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the Group reported a net expenditure deficit of £1,024,447 for the year ended 31 March 2023, despite having a positive balance sheet position with total net assets of £2,223,754. The Trustees confirmed adequate resources for the foreseeable future, and the independent auditors found no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Related-party transaction: Payments made to Mr B Dhir, previous CEO, for Consultancy and PILON.
“During the year the Group made payments to Mr B Dhir, previous CEO of the Charity, for Consultancy and PILON totalling £19,350.” — page 53
“As a result of management charges, commercial recharges and gift aid distributions, the Company had a debtor with its subsidiary undertaking, Starting Point Recruitment Limited, at the balance sheet date of £650,591 (2022: £770,080).” — page 53
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Debtor with subsidiary undertaking Starting Point Recruitment Limited due to management charges and commercial recharges.
“During the year the Group made payments to Mr B Dhir, previous CEO of the Charity, for Consultancy and PILON totalling £19,350.” — page 53
“As a result of management charges, commercial recharges and gift aid distributions, the Company had a debtor with its subsidiary undertaking, Starting Point Recruitment Limited, at the balance sheet date of £650,591 (2022: £770,080).” — page 53
Per its FY2023 accounts as filed with the Charity Commission.
Pension scheme deficit: £575k
“The Group has an unrecognised surplus of £575,000 (2022: £Nil) in respect of its defined benefit pension scheme as it does not expect to recover the plan surplus either through reduced contributions in the future or through refunds from the plan.” — page 52
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by MHA. Discloses 2 of 6 completeness components.

Public fundraising profile: JustGiving — Steps To Work (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2024)

Total income
£11.4m
Total spending
£13.9m
Cost of raising funds
£9.2m
Reserves (reported)
£0
Employees
85

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Dudley · Sandwell · Staffordshire · Walsall · Wolverhampton

Income and spending

Financial year endIncomeSpending
31/03/2025——
31/03/2024£11.4m£13.9m
31/03/2023£23.1m£24.1m
31/03/2022£17.0m£16.1m
31/03/2021£14.4m£14.0m

Common questions

Is STEPS TO WORK financially healthy?

The accounts state that the Group reported a net expenditure deficit of £1,024,447 for the year ended 31 March 2023, despite having a positive balance sheet position with total net assets of £2,223,754. The Trustees confirmed adequate resources for the foreseeable future, and the independent auditors found no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by MHA.