What is the financial size of THE NEXT STEP TRUST?

THE NEXT STEP TRUST is classified as a large charity. In the latest financial year, they reported a total income of £2,635,584 and total expenditure of £2,428,001.

How does THE NEXT STEP TRUST allocate its spending?

For every pound spent, approximately 100.0% goes directly to charitable activities. The remaining 0.0% is spent on raising funds and administration. This is higher than the median for similar-sized charities (97.8%).

What is the workforce structure of THE NEXT STEP TRUST?

THE NEXT STEP TRUST employs 83 staff members and is supported by 2 volunteers.

Does THE NEXT STEP TRUST receive government funding?

Yes. Approximately 73.6% of their income comes from government grants or contracts.

Does THE NEXT STEP TRUST pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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THE NEXT STEP TRUST

#1114197

Charitable company•Large•Registered

www.nextsteptrust.org.uk

Provision of a day care centre to support & provide oppertunities for young people with complex disabilities.

Registered address

Next Step Trust, Hoover Building, Westfield Street, HALIFAX, West Yorkshire, HX1 2DN

Latest HighlightsFY 2024

Income

All sources

£2,635,584

Expenditure

All activities

£2,428,001

Net Reserves

Unrestricted funds

£1,207,365

Total Assets

Gross assets

£2,780,605

Working Capital

Liquidity

£818,255

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

6.0 months

Median: 3.8 monthsAround typical

Income Growth (1yr)

18.9%

Median: 7.4%Around typical

Spending Efficiency

100.0%

Median: 97.8%Around typical

Income Concentration

151.6%

Median: 87.9%Below typical

Fundraising ROI

10417.3x

Median: 19.2xTop quartile

Income Volatility

10.3%

Median: 20.6%Top quartile

Self-Generated Income

99.5%

Median: 82.9%Top quartile

3-Year Income CAGR

8.8%

Median: 7.8%Around typical

Efficiency & Health

Charitable Spending

100.0%

Fundraising Eff.

% income retained

10417.3%

Governance Cost

% of expenditure

1.2%

Grant Making

% given away

Debt Ratio

% of assets

4.6%

Survival Ratio

Months of reserves

6.0 months

Income Profile

Donations & Legacies

% of income

0.5%

Government Reliance

% of income

73.6%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 15161

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

18.9%↑

Income CAGR (3yr)

Compound growth

8.8%

Volatility

Stable

10.3%

Reserves Trend

Direction

Building

Governance

Employees

Staff count

Volunteers

Volunteer count

Volunteer Ratio

Per staff member

0.0:1

Revenue/Employee

Per head

£31,754

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

1.2%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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