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|Report ofthe Trustees|/ Directors|
|---|---|
|Report ofthe 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|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?|
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|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|
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||||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|
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|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|
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|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|
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|||||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||||||
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|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|
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|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|
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|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|
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|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|
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