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2022-03-31-accounts

Chair
Ms SAshby
Secretary
Mr Christopher Tait
Charity Trustees
Ms Susan Ashby Mrs Diane Laming (resigned 27,04.22)
Ms Kay Owen (retired-24;1 1-.21)
——-Mr-Nicholas-Cox
Mrs Janet Hardwick Mr Colin Royle (appointed 30.06.21)
Mr David Berry Ms Kelly Webb (appointed 30.06.21)
Mrs Jane Allen (retired 24.11.21) Ms Elisabeth Lilley (appointed 28.07.21)
Mr Alexander
Lyons (appointed 27.04.22)
Mr Steven Grycuk (appointed 27.04.22)
Chief Executive Officer
Dave Smith
Company Number
2647645
Registered Charity Number
1004375
Registered Office
Central Office, PO Box153,Rochdale, OL16 1FR
Auditors
Wrigley Partington, Sterling House, 501 Middleton Road,
Chadderton,
Oldham,		 OL9 9LY
Bankers
Bank of Scotland,
Ground		 Floor, Teviot House,
41 South Gyle Crescent, Edinburgh, EH12 9DR.
Solicitors
Wrigley Claydon, 29/33 Union Street, Oldham, OL1 1HH
Molesworths
Bright		 Clegg, Octagon House, 25-27 Yorkshire Street
Rochdale,
Lancashire,		 OL16 1RH.

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

UnrestrictedRestrictec UnrestrictedRestrictec Total UnrestrictedRestrictec UnrestrictedRestrictec Total
Funds Funds Funds Funds Funds Funds
Note 2022 2022 2022 2021 2021 2021
f f. L L' L' g
INCOME
Other income 7,677 7,677 3,226 3,226
Income from investments 172 172
7,677 7,677 3,398 3,398
Income from charitable activities:
Grants and contracts 5 4,273,835 4,273,835 2,543,636 2,543,636
Rents receivable 5 2,529,965 2,529,965 2,459,257 2,459,257
Total income 6,811,477 6,811,477 5,006,291 5,006,291
EXPENDITURE
Raising funds
Charitable
activities		 6 6,161,273 6,161,273 4,564,587 4,564,587
Total expenditure 6 6,161,273 6,161,273 4,564,587 4,564,587
Net income/(expenditure) for the year 650,204 650,204 441,704 441,704
Net movement
in funds		 650,204 650,204 441,704 441,704
Reconciliation offunds
Total funds brought forward 1,917,683 1,917,683 1,475,979 1,475,979
Total funds carried forward 17 2,567,887 2,567,887 1,917,683 1,917,683

STEPPING STONE PR OJECTS
BALANCE SHEET: AS AT 31 MARCH 2022
Note 2022 2021
F g
FIXEDASSETS
Tangible assets 749,308 724,244
Total fixed assets 749,308 724,244
CURRENT ASSETS
Debtors 12 1,003,559 547,640
Cash at bank and
in hand		 1,347,354 907,226
Total current assets 2,350,913 1,454,866
CREDITORS:
Amounts
falling due within one year		 532,334 261,427
NET CURRENT ASSETS 1,818,579 1,193,439
TOTAL ASSETS LESS CURRENT LIABILITIES 2,567,887 1,917,683
NET ASSETS 18 2,567,887 1,917,683
THE FUNDS OF THE CHARITY
Restricted income funds 17
Unrestricted income funds:
Designated 17 426,342 456,504
General 'I7 2,141,545 1,461,179
TOTAL CHARITY FUNDS 'I7 2,567,887 1,917,683

STATEMENT OF CASH FLOWS: YEA R E NDED 31 MARCH 2022
2022 2021
E
Cash flows from operating
activities
Net income/(expenditure)
for the year		 650,204 441,704
Adjustments
for:
Depreciation
oftangible assets		 62,721 59,291
Income from investing
activities		 (172)
Decrease/(increase)
in debtors		 (455,919) (302,254)
Increase/(decrease)
in creditors		 270,907 131,091
Cash generated
from operations		 527,913 329,660
Net cash provided
by (used in) operating		 activities 527,913 329,660
Cash flows from investing
activities
Interest received 172
Purchase oftangible assets (87,785) (173,078)
Net cash used
in investing
activities		 (87,785) (172,906
Net increase
/ (decrease)
in cash and		 cash equivalents 440,128 156,754
Cash and cash equivalents
at the beginning		 ofthe year 907,226 750,472
Cash and cash equivalents
at the end		 of the year 1,347,354 907,226

Unrestricted Restricted Total Total
2022 2022 2022 2021
L' E E E

3 Other income
Other income and donations 7,677 7,677 3,226
7,677 7,677 3,226
4 Income from investments
Bank deposit interest 172
172
5 Income from charitable activities
Grants received
regarding
accomodation and support 4,273,835 4,273,835 2,543,636
Rent receivable 2,529,965 2,529,965 2,459,257
6,803,800 6,803,800 5,002,893

6 ~Etdt Charitable
activities
'oIc0
Co0E0		 dsOc
)0		 Total Total
2022 2021
E g
Costs dlrectl allocated to acti vlties
Housing costs Direct 2,840,889 2,840,889 2,252,565
Housing
management		 services Direct 2,403,306 2,403,306 1,592,062
Travel and training Direct 87,719 87,719 72,947
Office costs Direct 15,556 15,556 21,550
Recruitment Direct 10,799 10,799 2,394
Audit Direct 8,000 8,000 5,876
Accountancy Direct 3,377
5,358,269 8 000 5,366,269 3,950,771
~SE *t
Staff costs Staff time 595,523 16,853 612,376 476,297
Office costs Staff time 156,533 1,121 157,654 112,438
Legal and professional Staff time 5,906 83 5,989 14,080
Bank charges and interest Staff time 30 30 60 60
Depreciation Staff time 18,662 263 18,925 10,941
776654 18 350 795004 613816
Total expenditure 6,134,923 26,350 6,161,273 4,564,587

Total Total
2022 2021
7 Staffcosts L
Total staff emoluments for the year were as follows:
Wages and salaries 2,245,375 1,697,482
National Insurance 194,302 152,482
Pension, health and life assurance costs 103,932 79,560
2,543,609 1,929,524

Staff numbers Staff numbers
The average headcount
for the year:
Number Number
Charitable
activities		 87 69
Generating funds
Governance
90 72
The number ofemployees
whose emoluments		 (gross salary and employer pension contribution),
amounted
to		 over 260,000 in the year were as follows: Number Number
660,001 - F70,000
f70,001 - f80,000
f80,001 - f90,000		 2
0
1		 1
0
1
690,001 —2100,000 0 0

Net movement
in funds		 is arrived at after charging is arrived at after charging l(crediting):
Depreciation
oftangible		 fixed assets 53,567 59,291
Auditors'
remuneration:
audit ofcharitable company 8,000 5,876
Operating
lease rentals		 —land and buildings 1,652,778 1,225,869

11 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 2021 707,081 147,900 154,032 537,776 300,661 1,847,450
Additions 24,713 3,142 6,062 53,868 87,785
Disposals
Transfers
At 31 March 2022 707,081 172,613 157,174 543,838 354,529 1,935,235
~Di u
At 1 April 2021 56,519 136,626 154,032 512,952 263,077 1,123,206
Charge for the period 9,154 5,989 384 17,445 29,749 62,721
Disposals-
At 31 March 2022 65,673 142,615 154,416 530,397 292,826 1,185,927
Net Book Value
At 31 March 2022 641,408 29,998 2,758 13,441 61,703 749,308
At 31 March 2021 650,562 11,274 24,824 37,584 724,244

12 Debtors 2022f 2021
E
Trade debtors 239,881 208,678
Rents receivable 91,856 101,021
Prepayments
and accrued income		 647,328 199,350
Other debtors 24,494 38,591
1,003,559 547,640
13 Creditors: amounts fallin due within one ear 2022 2021
Trade creditors 81,209 4,214
Taxation and social security 57,893 41,963
Accruals and deferred income 385,346 213,960
Other creditors 7,886 1,290
532,334 261,427

Anal sis of charit able
funds
Analysis of fund movements:
At At
1 April Incoming Resources 31 March
2021
F		 resources
f		 expended Transfers 2022
E
Restricted Funds
Unrestricted funds:
General Funds 1,461,179 6,485,217 (5,946,225) 141,374 2,141,545
Designated Funds 456,504 326,260 (215,048) (141,374) 426,342
Total 1,917,683 6,811,477 (6,161,273) 2,567,887

Anal si s of net assets between funds
Unrestricted Designated Restricted Total
Funds Funds Funds Funds
F F E
Tangible fixed assets 749,308 749,308
Current assets 1,924,571 426,342 2,350,913
Current liabilities 532,334 532,334
Net assets 31 March 2022 2,141,545 426,342 2,567,887