## ## ## |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| ##