Charity number-. 1023745 THE STANLEY MEWS COMMUNITY TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE STANLEY MEWS COMMUNITY TRUST CONTENTS Refr•rpnco and <iclminislralivc details of the eharily, ils triJslpos 2nd rfidviser% Triiqleos, rpport Independent exa¥Tyinor's rp_port Sti?Ipmont OF fin<lnr.i*il ,Ir.tivilip.s Bala r)cp. shpo.t N Dte5 to the fiii,Inci.Il <l.Ilomentfj
THE STANLEY MEWS COMMUNITY TRUST RFFERENCE 14ND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCFI 2024 Trugteos G F I till. Clnairm¢?n F Willi,Imsnii Fl K T T¥iilor A W£3rd G Tidbury. l-rpJ¢isiirer M Hrimillnii R Gib%on Charity registered niimber 102374.fj Princip<il offico -y M*!ws. WE.. Ilinfjh()roiJcil, Niir411)¢implf)nshir(! NNf, 11) Accountant5 I.qHJK. Ciefiliiry F-Ii)11.sc'. Tlic L<ikp4, Nnrlli.Jmpl()n, NN4 7k4D
THE STANLEY MEWS COMMUNITY TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Thp Trii
THE STANLEY MEWS COMMUNITY TRUST TRU.8TEES' REPORT Icoiitinuedl FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance a. KEY FINANCIAL PERFORMANCE INDICATORS Ihp c.1i3rily hcid a surplii% for Ilip ye¢?r of £.16,43912023 £2,4Q4). Tlie. Brilrlnce Sheet sh()ws npl c1sscIs <11 .31 MiirLI? ?023 01 F.964,Cl?f) {?0?3 - F.9?2.4871. Of Ihis br?Idnre F.NIL 12U23 £NILI is reslrirled funds. Inclijded within nel assets is freeh()l(I prriperty hp.ld al nel book. value ol £729,339 (?.0?.3 - £748,990). b. REVIEW OF ACTIVITIES The Slcinley Mews Community Trust receives referrals from social services and somblimp.) from 9poDIo 'iho conl¥?cl the chaTily directly. The charity Ihen carries out a review an(1 Jn Intervie. with Ihp pnlpp,lir?l apol,,carÉl lo assess Iheir nppds. They are Ihen offered accommodation and support and a Pir ckage IJ Cfjtr,pilvfJ li? Skn'tsDlirl Ihe iridividur11 concerned. Many suppori packages are prepared wilh a long term kiieiN. howpiipr Ihoi} reviewed annually by social workers. Durinq the year the accommodation provided by Ihe charity was f(Rlly occupied al all limes ail d rtsmain.) SO P.O"I.' Financial review a. GOING CONCERN After making appropriale enquiries, Ihe Irustees have a reasonable expectation that the chariry ha.£ auALO,4iaiP resources lo continue in operational exislence for the foreseeable future. For this rea50n they conLifhi&P ¥ the going concern basis in preparing the financial slatemenls. Further details regarding the adoption ¢1 h? n&,?Ip,g concern basis can be found in the Accounting Policies. b. RESERVES POLICY The charity had current assets at the Balance Sheet dale of £238,016 12023 f185.3151. The anniial expenditure of the charity was £180.072 (2023 £200.020) 2nd the Iruslees Ihereforv feel there 1c <ideo,Iiate levels of r?.serves lo ensure Ihe smoolh operalion of Ihe activities of the charity lor al leLisI the nexl 12 monlhs. Al any point in lime the ratio of reserves lo expenditLire will vary due lo the liming of events and Iransar.lions. Th.e Iruslees propose to mainlain the charily's unreslricled reserves lo cover short tem future operational expenditure. Structure, governance and management a. CONSTITUTION The charity is controlled by ils governing documeril, a deed of liusl and conslilutes a17 Linincorporriled chir rity. Thf: charity is qoverned by a constitution dated 30 May 1993 as amended by a supplemerilal trust Ileed (lJle.cl 7 Dc*cp.niber 2QOO. Tho Stanley Mews Conin)unily Trusl is registered as a Clicirily number 10237.4 J wirh IIIE Chc1rily Commission. Tlip ctriarily qfjverns the c1ppoinlmenl of Irijslees.
THE STANLEY MEWS COMMUNITY TRUST
TRUSTEES. REPORT Icontinuedl
FOR THE YEAR ENDED 31 MARCFI 2024
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
Tlip. ni'iniqEin)p.nl nf the. I;harily is tho rèsponsibility of Ihp Trusleos whn arp. eleclefj and co-opted Iinrltsr Ih,
IE:rrTiS of ilii) Triisl (le.pd.
TrustPDg Ar• nnrmally rpfe.rred lo th? r.harily l)y w()r(I nf mnulh. Polenlial Irusloos arp subsoqi J
THE STANLEY MEWS COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STANLEY MEWS COMMUNITY TRUST (the 'cl)arity') I r£:port lo Ilie chii. rily cli?rily Iruslees on my examination of Ihe. accounts of the charily I'lhp Trust") fur Ihp year e.nded 31 Molrch 20?.4. RESPONSIBILITIES AND BASIS OF REPORT A£ Ilio. r.hiirily Iriisleo.s of Ihp rl)?rity yc)tl re8pnnsihlp for Ihp. prpparf11ion of the. rlrrx)unls in accordancp. 'fvilh the Clir?rilip.s AGI 2011 ('Ihe Ar.I'l. I report in respect of my ex¢lminalion ol Ihe. TrtJ51's ac.r.ounls carried oul iJndp.r theclion 14.5 of the 2011 Act 8r)rJ in carryin9 out my ey¢iniinalion I have lollawed all the ripplicablp Directions givpn by Ihp. Charity Commission ijndpr section 145{Jl(bl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have ¢ompleled my examinc?lion. I c?¢ n confirm Ihal no malpriril mallers have comp io MJ allenlion In connection wilh the examinalion giving me cause lo bp.lieve Ihat in any material re%pecl.' 1. accounting records were not kept in accordance with section 130 of the Act,. or 2. Ilie accounts did not accord with the accounting records.. or 3. the accounts did not cornply with the accounling requiremen15 conceming Ihe form and contents .Jr rAuntS Sel oul in Ihe Charities IA¢counls and Reporls) Reguldlions 2008 other than any requiremenl 'ihal Ihp arcoiJp.I give 3 'lrue 2nd fairf view which is not a matter considered as P<1rt of an independent examinaijon. I havp no concerris and have come across no other matters in connection with the exaiTriDalion LO 'Nh.- attention should be drawn in this report in order to enable a proper understanding or the accoun'LS <0 be ré8rhtsd Signed. Rebecca Hughes Bsc (Hons) FCCA MHA Chartered Accounlanls Century House The Lakes Norlhamplon NN4 7HD Dated: 24 March 2025 F)L)!lft .)
THE STANLEY MEWS COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR F.Nf)FD 31 MARCII 2024 Unrestricterl luni15 2024 Total funds 2024 Note INCOME AND ENDOWMENTS FROM.. 62.75,3 153,758 62,753 153.758 TOTAL INCOME ANO ENDOWMENTS 216.511 216,511 202 51i1 EXPENOITURE ON. 1eo,072 180,072 2fJri o?fj TOTAL EXPENDITURE 1EIO.072 180.n72 NET INCOME BEFORE OTHER REC.OGNISED GAINS AND LOSSFS NET MOVEMF.NT IN FIJNDS RECONCILIATION OF FUNDS: 928.487 328.437 964.926 964.926 TOTAL FUNDS CARRIED FORWARD '.ii,',*h4 QITI lJc7Qè4 R lu 15 forin D1rl c)1 Ihftfip Iinriiiri;)l .-!.-IlFiir..pnl.-
THE STANLEY MEWS COMMUNITY TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tanqible assets CURRENT ASSETS 731,590 750,922 Deblnrs 7,270 230.746 16,784 168.531 Cash al bank and in hand 238,016 18.5,.'J15 CREDITORS.. amoiinls falling due wilhin one year io 14,680} 17.7501 NET CURRENT ASSETS 233,336 177.565 NET ASSETS 964,926 928 A87 CHARITY FUNDS Urireslricled flinds 964,926 928.487 TOTAL FUNDS 964,926 928.487 The financial Statements were approved by the Trustees on i? and signod on li* oir behalf. Dl. G E Hill, Chairman The note5 on pages 8 10 15 form part of these financial slalemenls.
THE STANLEY MEWS COMMUNITY TRUST
NOTES TO THE FINANCIAL ST ATEMENTS
FOR THE YF.AR FNDFD 11 MARCII 2024
ACCOUNTING POLICIES
1.1 Ba.8is of preparatioii of f inancial statoments
Tliv fiii-liii'.l({I rlHI&'.IT)p.ril% ol Ilie f".1i1irily. vihirl) 1% ¢1 Trublir bontsfil pnlily Iir)rler FRS 1Q?. ha'lo b¢br:n
pre!)1t ff.)(I 11) ar.c.orcl
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) 1.5 Interest receivable Interest on funds l)eld on deposit is included when receivable and the amount can be mea511red reliably by the charily-, this is normally upon nolificalion of the interest paid or payable by Ihe Bank_ 1.6 Debtors Trade and other debtors are recogniqpd at Ihp selllemenl amount 3flor any trade discount offéred. Prepayments are valued al the amount prepaid nel of any trade discounts due. 1.7 Cash at Bank and in hand Cash al bank r1nd in hand includes cash and short term highly liquid inveslmenl.% with a short malLrrity of three months or Ics% frnm the dalp. nf ar.quisilion or opening of the deposit or similar account. 1.8 Liabililies and provisions Liabilities are reGognised when there is arF obligation at the Balan 5hepl dale as a result of a past event. il Is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the charity anticipates il will pay lo settle the debl or the amount il has recei'ied as advanced payments for the goods or servi$ it must provide. Provisions are measured at the best estimate Oi the amounts required lo settle Ihe obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discotjnt rate Ihat reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.9 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify 85 basic financial instruments. Basic financial instruments are initially recognised al Iransaction value and subsequently measured al their settlement value with the exception of bank Ior3ns vihich are subsequently measured at amortised cost using the effective interest method. 1.10 Fund accounting General funds are unreslricled funds which are available for use al the discretion of Ihe Tnjslees in furtherance of the general objectives of Ihe charity and which have not been designaled for other purposes.
TFIF %TANLEY MEWS COMMUNITY TRUST NOTF.% TO THF. FINANCIAI. 8TATf..MFNTS roR THE YFl4R ENDFI) 31 MARCII 2n24 INCOMF. FROM DONATIONS AND l.Ef)AC.IES Total 2024 2024 62,753 62.753 Ti)I'112023 SF?, j6Q INVESTML.NT INC.OME funrjs 202d 202d 152.1rf6 153.758 TD. lil ,'n?'I DIRECT COSTS 1.704 krisuran Cty'rripijier costs Ii)[jS1: rpnl fledp.lnq L'qtr,14nd lieal l-¥...Trfinls %ncial rlrlivilies 4.563 810 5.625 946 2.060 564 2.516 58,069 113 762 TrJl812D??
THE STANLEY MEWS COMMUNITY TRUST NOTF.S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS 2024 27 72 1.447 1.887 707 Slalf Iraininq TeloDh()ne and mobile Printing, L)aslr1QO aiid st11}011ery 1.167 498 1,692 4,113 Total ?_021 4.113 GOVERNANCE COSTS Tolal funds 2024 2024 Arcotinlancy fees Legal fees Trustees expenses reimbursed Wdges and salciries Depreciation - tangible fixed assets Deprprialion - property 4,020 10.347 1,299 28.620 681 19,651 4,020 10,347 1,299 28,620 681 19,651 19 6.)": 64,618 64,618 48,5QJ9 STAFF COSTS Staff costs were as follows- 2024 2023 Wages and salaries 86,689 The average number of persons employed by the charily dLiring the year was as follows: 2024 No. No. No emplr)yLJe feccaived remuiiefirylion cirnounling l(} more Iliclt? £fiO,QOO in either yL'r1r. PiigL 11
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YFAR ENDED 31 MARCFI 20?.4 TANGIBLE FIXED ASSETS Freeliold Fixlures aiid property fittings Computer equipmpi)I Total Cost IKI I AF)ril ?.Q?I Addilinns 1,038,031 10,416 1.000 B,686 1,057.133 1,000 Al 31 Mrircli ?0?.4 1,038,031 11.416 8,686 1,058,133 Depreciation Al l 11i)ri1202.'1 uliciriie. lor Ihf% ljl:,-Ir 28r).041 19.651 9,761 248 7,4Qg 433 306,211 20.332 Al ,1 IKlcirr.l LO2_4 308,r)92 10,009 7,842 326.543 Net book valije .11 l Nl,Irr.h Jl)2.1 729,339 1.407 d4 731.590 .II 31 KI?Lrr.h 202J 7d8,990 &22 DEBTORS 202d i rrlilL. debtors CJllip.r debtors Prepaymenls and r?ccrued income 2.362 4.908 7.270 10. CREDITORS.. Amounts falling due within one year 2024 2023 Other crpdilors Arf.'fiJrils c3ncl Ilo.lerre(I Incnnip. 340 3.900 t3Q 4.680 .)LIL, 12
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balanco at 31 March 2024 Balr1ncc at 1 April 2023 Income ExponditUTe Unrestricted fijnds Gp.Iieral Fijnds Eill liin(l. 928,487 216,511 1180,0721 964,926 STATEMENT OF FUNDS - PRIOR YEAR Balanre al 31 ryilarctr.. 2023 BtJlr?nre al l April 2022 Inromo Exp<%r.,eJiiurts General f(Inds Gene.ral Fuiids 925,993 202.5,, 1200.02Qj 928,487 SUMMARY OF FUNDS - CURRENT YEAR Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure General funds 928.487 216.511 (180.072) 964.926 SUMMARY OF FUNDS - PRIOR YEAR Balance al 31 N413rcb. 2023 Balance al 1 April 2022 Iiicome Expenditure General funds 925.993 202.51-1 (200.0201 928,.187
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THF YEAR ENDED 31 MARCH 2024 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrèstricted fun(Js 2024 Total funds 2024 1 noible fixp.ll ir ssels f,IirTp.iil Crf'.Ililf)r) diie 1111117 (Ino. yQrJr 731,590 238.016 14,6801 731.590 238.016 14.6801 964.926 964.926 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Tiiniiil!Ip. fi%ed qsel QiiiTP.nl Credilois dlie wilhin one year RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOVI FROM OPERATING ACTIVITIES 2024 Net income for the year las per Statement of Financial Aclivilieql 36.439 Adjustment for: Deprecialion charges Decreasel(increase) in debtors Decrpasp In Gredilors Fixed asset additions 20,332 9,514 13,0701 1.000 20.235 i¥231 1.4181 Net cash provided by operating activities 62.215 ?0.37) 14. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 ?n2.1 d811 iii fifl 230.746 lod.S.i I Ti)1.15 230.746 4lqf-: 14
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR TIIE YEAR ENDED 31 MARCH 202d RELATED PARry TRANSACTIONS Tlie.ro. 'No.rcJ no rp111 1(!fl n<1rty Ir¢inc',.-)c.110114 Irir Ihrl y?1r (a.nrtDfl 31 M<irr.h ?024 1?ri2.",