2021-03-31-accounts

Report of	the Trustees	/ Directors
Report of	the Auditors
Statement	of Financial	Activities
Balance Sheet
Statement	ofCash Flows
Notes to the Financial		Statements

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
			Note	2021	2021	2021	2020	2020	2020
INCOIIE				L	L	g		L'	L
Other income				3,226		3,226	3,960		3,960
Income from investments				172		172	720		720
				3,398		3,398	4,680		4,680
Income from charitable activities:
Grants and contracts			5	2,543,636		2,543,636	1,664,257		1,664,257
Rents receivable			5	2,459,257		2,459,257	2,183,336		2,183,336
Total income				5,006,291		5,006,291	3,852,273		3,852,273
EXPENDITURE
Raising funds
Charitable activities			6	4,564,587		4,564,587	3,745,062		3,745,062
Total expenditure			6	4,564,587		4,564,587	3,745,062		3,745,062
Net income/(expenditure)		for the year		441,704		441,704	107,211		107,211
Net movement in funds				441,704		441,704	107,211		107,211
Reconciliation offunds
Total funds brought	forward			1,475,979		1,475,979	1,368,768		1,368,768
Total funds carried	forward		17	1,917,683		1,917,683	1,475,979		1,475,979

STEPPING STONE PR	OJECTS
BALANCE SHEET:	AS AT 31 NIARCH 2021
		Note	2021	2020
			L	L
FIXEDASSETS
Tangible assets			724,244	610,457
Total fixed assets			724,244	610,457
CURRENT ASSETS
Debtors		/2	547,640	245,386
Cash at bank and in hand			907,226	750,472
Total current assets			1,454,866	995,858
CREDITORS:
Amounts falling due within one year			261,427	130,336
NET CURRENT ASSETS			1,193,439	865,522
TOTAL ASSETS LESS	CURRENT LIABILITIES		1,917,683	1,475,979
NET ASSETS			1,917,683	1,475,979
THE FUNDS OF THE CHARITY
Restricted income funds		17
Unresfri ctedincome funds:
Designated		17	456,504	446,623
General		17	1,461,179	1,029,356
TOTAL CHARITY FUNDS		17	1,917,683	1,475,979

			2021	2020
			L	L
Gash flows from operating activities
Net income/(expenditure) for the year			430,850	107,211
Adjustments for:
Depreciation oftangible assets			70,145	49,364
Income from investing activities			(172)	(720)
Decrease/(increase) in debtors			(302,254)	(41,203)
Increase/(decrease) in creditors			131,091	4,646
Cash generated from operations			329,660	119,298
Net cash provided by (used in) operating	activities		329,660	119,298
Cash flows from investing activities
Interest received			172	720
Purchase oftangible assets			(173,078)	(437,364)
Net cash used in investing activities			(172,906)	(436,644
Net increase / (decrease) in cash and	cash equivalents		156,754	(317,346)
Cash and cash equivalents at the beginning		ofthe year	750,472	1,067,818
Cash and cash equivalents at the end	of	the year	907,226	750,472

Unrestricted	Restricted	Total	Total
2021	2021	2021	2020
L'	L	E	L

Other	income	and	donations	3,226	3,226	3,960
				3,226	3,226	3,960

4	Income from investments
	Bank deposit interest	172	172	720
		172	172	720

Grants received regarding	Grants received regarding
accomodation	and support	2,543,636	2,543,636	1,664,257
Rent receivable		2,459,257	2,459,257	2,183,336
		5,002,893	5,002,893	3,847,593

~E* dt					Charitable activities
							Total	Tote I
							2021	2020
							6	L
Costs directl		allocated to activities
Housing costs				Direct	2,252,565		2,252,565	1,540,707
Housing management			services	Direct	1,592,062		1,592,062	1,478,305
Travel and training				Direct	72,947		72,947	89,201
Office costs				Direct	21,550		21,550	20,437
Recruitment				Direct	2,394		2,394	11,085
Audit				Direct		5,876	5,876	5,662
Accountancy				Direct		3,377	3,377	3,255
					3,941,518	9,253	3,950771	3,148,652
~Stt	t
Staff costs				Staff time	460,977	15,320	476,297	475,236
Office costs				Staff time	111,304	1,134	112,438	111,741
Legal and professional				Staff time	13,860	220	14,080	1,264
Bank charges		and interest		Staff time	30	30	60	46
Depreciation				Staff time	10,770	171	10,941	8,123
					596,941	16,875	613816	596,410
Total expenditure					4,538,459	26,128	4,564,587	3,745,062

						Total	Total
						2021	2020
7	Staff costs					E	g
	Total staff emoluments	for the year	were	as follows:
	Wages and salaries					1,697,482	1,421,252
	National Insurance					152,482	127,928
	Pension, health and life assurance		costs			79,560	66,050
						1,929,524	1,615,230
8	Staff numbers
	The average headcount	for the year:
						Number	Number
	Charitable activities					69	61
	Generating funds
	Governance
						72	64
	The number ofemployees	whose emoluments		(gross	salary and employer	pension contribution),
	amounted to over F60,000 in the year were as			follows:		Number	Number
	260,001 - F70,000					1	0
	F70,001 —f80,000					0	1
	F80,001 —290,000					1	0
	F90,001 —f100,000					0	0
9	Net movement in funds
	Net movement in funds	is arrived at	after charging		/{crediting):
	Depreciation oftangible	fixed assets				59,291	49,364
	Auditors' remuneration:
	audit of charitable company					5,876	5,662
	Operating lease rentals	- land and buildings				1,225,869	799,554

Tan ible fixed assets			Office	Furniture,
		Rented	furniture	fittings
	Leasehold	Property	and	and sundry	Computer
	Property	Improvements	Equipment	equipment	equipment	Total
Cost
At 1 April 2020	566,733	149,111	154,032	514,275	290,221	1,674,372
Additions	129,092	10,045		23,501	10,440	173,078
Disposals
Transfers	11,256	11,256
At 31 March 2021	707,081	147,900	154,032	537,776	300,661	1,847,450
~or i q
At 1 April 2020	44,309	131,640	154,032	493,463	240,471	1,063,915
Charge for the period	12,210	4,986		19,489	22,606	59,291
Disposals
At 31 March 2021	56,519	136,626	154,032	512,952	263,077	1,123,206
Net Book Value
At 31 March 2021	650,562	11,274		24,824	37,584	724,244
At 31 March 2020	522,424	17,471		20,812	49,750	610,457

12	Debtors					2021	2020
						F	F
	Trade debtors					208,678	2,024
	Rents receivable					101,021	59,572
	Prepayments	and accrued income				199,350	170,222
	Other debtors					38,591	13,568
						547,640	245,386
13	Creditors: amounts		fallin	due within one	ear	2021	2020
						F	L
	Trade creditors					4,214	13,856
	Taxation and social security					41,963	33,714
	Accruals and deferred		income			213,960	78,755
	Other creditors					1,290	4,011
						261,427	130,336

Analysis o	ffund mo	vements:
		At				At
		1 April	Incoming	Resources		31 March
		2020	resources	expended	Transfers	2021
		E	E	E		E
Restricted	Funds
Unrestricted	funds:
General Funds		1,029,356	4,681,946	(4,395,296)	145,173	1,461,179
Designated	Funds	446,623	324,345	(169,291)	(145,173)	456,504
Total		1,475,979	5,006,291	(4,564,587)		1,917,683

Anal si	s of net assets between	funds
		Unrestricted	Designated	Restricted	Total
		Funds	Funds	Funds	Funds
				E
Tangible	fixed assets	724,244			724,244
Current	assets	998,362	456,504		1,454,866
Current	liabilities	(261,427			261,427)
Net assets 31 March 2021		1,461,179	456,504		1,917,683