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2023-03-31-accounts

Report ofthe Trustees	/ Directors
Report ofthe 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	2023	2023	2023	2022	2022	2022
			g			g	g	g
INCOME
Donations and other income		3	8,573		8,573	7,677		7,677
Income from investments		4	10		10
			8,583		8,583	7,677		7,677
income from charitable activities:
Grants and contracts		5	6,852,829		6,852,829	4,273,835		4,273,835
Rents receivable		5	2,999,645		2,999,645	2,529,965		2,529,965
Total income			9,861,057		9,&61,057	6,811,477		6,811,477
EXPENDITURE
Charitable activities		6	9,158,495		9,158,495	6,161,273		6,161,273
Totalexpenditure		6	9,158,495		9,158,495	6,161,273		6,161,273
Net income/(expenditure)	for the year		?02,562		702,562	650,204		650,204
Net movement in funds			702,562		702,562	650,204		650,204
Reconciliation offunds
Total funds brought forward			2,567,887		2,567,887	1,917,683		1,917,683
Total funds carried forward		17	3,270,449		3,270,449	2,567,887		2,567,88?

STEPPING STONE PROJECTS BALANCE SHEET: AS AT 31 MARCH 2023
	Note	2023	2022
FIXEDASSETS
Tangible assets		934,859	749,308
Total fixed assets		934,859	749,308
CURRENT ASSETS
Debtors	12	1,603,114	1,003,559
Cash at bank and in hand		1,270,454	1,347,354
Total current assets		2,873,568	2,350,913
CREDITORS:
Amounts falling due within one year	13	537,978	532,334
NET CURRENT ASSETS		2,335,590	1,818,579
TOTAL ASSETS LESSCURRENT LIABILITIES		3,270,449	2,567,887
NET ASSETS		3,270,449	2,56?,887
THE FUNDS OF THE CHARITY
Restricted income funds	17
Unrestricted income funds:
Designated	17	341,843	426,342
General	17	2,928,606	2,141,545
TOTAL CHARITY FUNDS	17	3,270,448	2,567 887

			2023	2022
			K	L
Cash flows from operating activities
Net income/(expenditure) for the year			702,562	650,204
Adjustments for:
Depreciation oftangible assets			105,564	62,721
Income from investing activities			(10)
Decrease/(increase) in debtors			(599,555)	(455,919)
Increase/(decrease) in creditors			5,644	270,907
Cash generated from operations			214,205	527,913
Net cash provided by (used in) operating	activities		214,205	527,913
Cash flows from investing activities
Interest received			10
Purchase oftangible assets			(291,115)	(87,785)
Net cash used in investing activities			291,105	87,785
Net increase / (decrease) in cash and	cash equivalents		(76,900)	440,128
Cash and cash equivalents at the beginning		ofthe year	1,347,354	907,226
Cash and cash equivalents at the end	of	the year	1,270,454	1,347,354

Unrestricted	Restricted	TOtai	Total
2023	2023	2023	2022
E	E

3	Other income
	Other income and donations		8,573	8,573	7,677
			8,573	8,573	7,677
4	Income from investments
	Bank deposit interest		10	10
			10	10
5	Income from charitable	activities
	Grants received regarding
	accomodation and support		6,852,829	6,852,829	4,273,835
	Rent receivable		2,999,645	2,999,645	2,529,965
			9,852,474	9,852,474	6,803,800

6	~SX Oddftdld				Charitable	activities	unrestricted
									Total	Total
									2023	2022
									E	E
	Costs dire tl	aiiocat	d to activities
	Housing costs			Direct		4,258,900			4,258,900	2,840,889
	Housing management		services	Direct		3,402,814			3,402,814	2,403,306
	Travel and training			Direct		107,149			107,149	87,719
	Office costs			Direct		17,804			17,804	15,556
	Recruitment			Direct		26,701			26,701	10,799
	Audit			Direct				8,000	8,000	8,000
						7,813,368		8,000	7,821 368	5,366,269
	~SV Olt Cddld
	Staffcosts			Staff time		929,685		18,696	948,381	612,376
	Office costs			Staff time		298,133		925	299,058	157,654
	Legal and professional			Staff time		24,580		48	24,628	5,989
	Bank charges and interest			Staff time		30		30	60	60
	Depreciation			Staff time		64,874		126	65,000	18,925
						1,317,302		19,825	1,337,127	795,004
	Total expenditure					9,130,670		27,825	9,158,495	6,161,273

				Total	Total
				2023	2022
7	Staff costs			E	E
	Total staff emoluments		for the year were as follows:
	Wages	and salaries		3,201,354	2,245,375
	National	Insurance		299,036	194,302
	Pension,	health and life	assurance costs	151,253	103,932
				3,651,643	2,543,609

Staff numbers	Staff numbers	Staff numbers
The average headcount for the year:
				Number		Number
Charitable	activities				117		87
Governance						5	3
					122		90
The number		ofemployees whose emoluments	(gross salary and employer	pension	contribution),
amounted	to over 860,000 in the year were as		follows:	Number		Number
		860,001 - F70,000					2
		F70,001 - 880,000				2
		680,001 - F90,000				1	1
		890,001 - F100,000

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 2022	707,081	172,613	157,174	543,838	354,529	1,935,235
	Additions		62,501	41,198	11,661	175,755	291,115
	Disposals
	Transfers
	At 31 March 2023	707,081	235,114	198,372	555,499	530,284	2,226,350
	~Be t ttea
	At 1 April 2022	65,673	142,615	154,416	530,397	292,826	1,185,927
	Charge for the period	9,856	12,156	12,878	12,292	58,382	105,564
	Disposals
	At 31 March 2023	75,529	154,771	167,294	542,689	351,208	1,291,491
	~Nt B k Vata
	At 31 March 2023	631,552	80343	31 078	12,810	179076	934,859
	At 31 March 2022	641,408	29,998	2,758	13,441	61,703	749,308

12	Debtors					2023	2022
	Trade debtors					711,448	239,881
	Rents receivable					178,140	91,856
	Prepayments and accrued			income		699,627	647,328
	Other debtors					25,457	24,494
						1,614,672	1,003,559
13	Creditors: amounts	fallin		due within one	ear	2023	2022
						L
	Trade creditors					272,673	81,209
	Taxation and social security					79,867	57,893
	Accruals					94,795	128,118
	Deferred income					71,143	257,228
	Other creditors					31,058	7,886
						549,536	532,334
	Movements on deferred		income account:
	Brought forward					257,228	95,158
	Released					(257,228)	(95,158)
	Income deferred			in the current year		71,143	257,228
						71,143	257,228

Analysis o	ffund mo	vements:
		At				At
		1 April	incoming	Resources		31 March
		2022	resources	expended	Transfers	2023
		E	K	E		E
Restricted	Funds
Unrestricted	funds:
General Funds		2,141,545	9,479,276	(8,827,291)	135,076	2,928,606
Designated	Funds	426,342	381,781	(331,204)	(135,076)	341,843
Total		2,557,887	9,851,057	(9,158,495)		3,270,449

Anal si	s ofnet assets between	funds
		Unrestricted	Designated	Restricted	Total
		Funds	Funds	Funds	Funds
		E	E	E
Tangible	fixed assets	934,859			934,859
Current	assets	2,543,283	341,843		2,885,126
Current	liabilities	549,536			549,536
Net assets 31 March 2023		2,928,606	341,843		3,270,449