The First Step Ltd

Analysis

The First Step Ltd is a registered charity in England and Wales, based in Liverpool. It was registered in April 1996, 30 years ago. Its declared purposes cover general charitable purposes, education/training and accommodation/housing, which this site groups under housing and shelter. Legally it is a charitable company (Companies House number 03172572). It says it provides services and provides advocacy/advice/information.

In the financial year ending March 2025, The First Step Ltd reported income of £1.4m and spending of £1.3m, spending 93% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £713k to £1.4m (+97%), an average of +18% a year. The sharpest change came in the year to March 2024, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 2,324 England and Wales charities whose main cause is housing and shelter and that reported income, The First Step Ltd sits at the 91st percentile: it is larger than about 91% of them. Against every charity in England and Wales with reported income it ranks in the 95th percentile. Charities of a similar size with the same main cause include Hill Holt Wood (£1.4m), Queen Alexandra's House Association (£1.4m) and Halsway Manor Society Limited (£1.4m).

In its latest detailed accounts, income came from charitable activities 99%. Charitable activities took 99% of spending and raising funds 0.0%. Reserves of £648k would cover about 6 months of spending at that rate. It employed 27 people.