STEP (SUPPORTING THE ELDERLY PEOPLE)
Charitable purposes for the benefit of elderly people in the area served by STEP.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £40,826 for the year, resulting in a decrease in total unrestricted funds from £205,880 to £165,054. Per the trustees' report, the organization relies heavily on a local authority contract for its primary funding, with grants and donations representing a minor portion of revenue. The trustees maintain a reserves policy targeting eight months of operating costs, though the current unrestricted fund balance of £165,054 is below the stated policy target.
What the accounts disclose
“The trustees have set a level equivalent to 8 months of operating costs for the organisation as a desired level of reserves.” — page 8
Corporate structure
- Registered company of the charity Companies House 06662077
Trustees
- Diane Stevenson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £108k | £152k |
| 31/08/2024 | £126k | £169k |
| 31/08/2023 | £121k | £148k |
| 31/08/2022 | £108k | £77k |
| 31/08/2021 | £143k | £19k |
Common questions
Is STEP (SUPPORTING THE ELDERLY PEOPLE) financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £40,826 for the year, resulting in a decrease in total unrestricted funds from £205,880 to £165,054. Per the trustees' report, the organization relies heavily on a local authority contract for its primary funding, with grants and donations representing a minor portion of revenue. The trustees maintain a reserves policy targeting eight months of operating costs, though the current unrestricted fund balance of £165,054 is below the stated policy target. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 25/06/2020 | £10k | Coronavirus Community Support Fund |