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|Report of|the Trustees|/ Directors|
|---|---|---|
|Report of|the Auditors||
|Statement|of Financial|Activities|
|Balance Sheet|||
|Statement|ofCash Flows||
|Notes to the Financial||Statements|
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|||||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|
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||||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|
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|Unrestricted|Restricted|Total|Total|
|---|---|---|---|
|2021|2021|2021|2020|
|L'|L|E|L|
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|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|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|~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|
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|||||||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|
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||||||||
|---|---|---|---|---|---|---|
|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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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|
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|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|
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