Charity number: 1023745 THE STANLEY MEWS COMMUNITY TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE STANLEY MEWS COMMUNITY TRUST CONTENTS Page Reference and administrative details of the charlty, Its trustees and advisers Trustees. report Independent examiner's report Statement of financlal activities Balance sheet Notes to the financial statements 8-15
THE STANLEY MEWS COMMUNITY TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifrf, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees G E Hill, Chairman F Williamson H K T Tailor A Ward G Tidbury, Treasurer M Hamilton R Gibson Charity registered number 1023745 Principal office 11 Stanley Mews, Wellingborough, Northamptonshire, NN8 1 DP Accountants MHA, Century House, The Lakes. Northampton, NN4 7HD Page 1
THE STANLEY MEWS COMMUNITY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2024 to 31 March 2025. Objectives and Activities a. POLICIES AND OBJECTIVES The objectives of the charity as set out in the Constitution are as follows: The principal activity of the charity is to relieve the material and educational needs of people with learning difficulties who have special educational needs or are in some other way disadvantaged. The trustees may, in the pursuit of this principal, establish sheltered workshops, provide suitable accommodation and care, and provide bursaries and scholarships for educational training for people with leaming difficulties. b. ACTIVITIES FOR ACHIEVING OBJECTIVES The charity achieves its objectives by providing safe and secure accomodation and low level, day to day support to aid the wellbeing and happiness of their beneficiaries. During this year we have had several meetings to discuss expanding Stanley Mews and the best way to go forward as we are at full capacity with tenants and have enough staff to cover the workload. During these discussions it was agreed the best way forward would be to increase capacity by building a second story extension to the rear flats. It was also intended to tarmac the entrance to Stanley Mews to make this look nicer and for safety concerns. We have held weekly activities in the day room for all tenants to participate in, such as coffee momings, arts and crafts and film aftemoons. We held a Kings coronation party which all the tenants enjoyed and got involved with making decorations and crowns to wear on the day. We have had work done in the rear courtyard so this has been out of action for BBQS, however tenants have still been able to get together in the day room and socialise. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT The charity meets the definition of a public benefit entity under FRS 102. The trustees confirm that they have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewing the association's aims and objectives and in planning future activities. The trustees cary out these objectives by providing people with leaming difficulties with a safe and secure environment in which to live and be supported. Page 2
THE STANLEY MEWS COMMUNITY TRUST TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfonnance . KEY FINANCIAL PERFORMANCE INDICATORS The charity had a deficit for the year of £4,510 (2024 - £36,439 surplus). The Balan Sheet shows net assets at 31 March 2025 of £960,416 (2024 £964,926). Of this balance £NIL (2024 £NIL) is restricted funds. Included within net assets is freehold propety held at net book value of £709,688 (2024 - £729.339). b. REVIEW OF ACTIVITIES The Stanley Mews Community Trust receives referrals from social services and sometimes from people who contact the charity directly. The charity then carries out a review and an interview with the potential applicant to assess their needs. They are then offered accommodation and support and a package is compiled to support the individual concemed. Many support packages are prepared with a long term view, however they are viewed annually by social workers. During the year the accommodation provided by the charity was fully occupied at all times and remains so now. Financial review a. GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate reSoUrS to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the Accounting Policies. b. RESERVES POLICY The charity had current assets at the Balance Sheet date of £255,500 (2024 £238,016). The annual expenditure of the charity was £211,057 (2024 - £180,072) and the trustees therefore feel there are adequate levels of reserves to ensure the smooth operation of the activities of the charity for at least the next 12 months. At any point in time the ratio of reserves to expenditure will vary due to the timing of events and transactions. The trustees propose to maintain the charitys unrestricted reserves to cover short term future operational expenditure. Structure, governance and management . CONSTITUTION The charity is controlled by its goveming document, a deed of trust and constitutes an unincorporated charity. The charity is govemed by a constitution dated 30 May 1993 as amended by a supplemental trust deed dated 7 December 2000. The Stanley Mews Community Trust is registered as a Charity number 1023745 with the Chanty Commission. The charity govems the appointment of trustees. Page 3
THE STANLEY MEWS COMMUNITY TRUST TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity is the responsibility of the Trustees who are elected and co-opted under the tenns of the Trust deed. Trustees are normally referred to the charity by word of mouth. Potential trustees are subsequently invited to a meeting to ascertain how they would be able to support the The Stanley Mews Community Trust. If it is felt that the person would be a good fit and all current trustees agree, the new trustee is appointed. c. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity currently has seven trustees who oversee the day to day operation of the charity. During the year to 31 March 2025 they employed five people to assist with the running of the actsvities of the charity. The trustees meet regularly throughout the year to discuss the ongoing progress and finances of the charity. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the chanty and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitys transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees, on and signed on their behalf by. 06.01.2 G E Hill, Chairman Page 4
THE STANLEY MEWS COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STANLEY MEWS COMMUNITY TRUST (the 'charity') I report to the charity charity trustees on my examination of the accounts of the charity ("the Trust") for the year ended 31 March 2025. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the Act; or 2. the accounts did not accord with the accounting records; or 3. the accounts did not comply with the accounting requirements conmIng the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Rebecca Hughes Bsc (Hons) FCCA MHA Chartered Accountants Century House The Lakes Northampton NN4 7HD Dated: 6 January 2026 Page 5
THE STANLEY MEWS COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Investments income 50,259 156,288 50,259 156,288 62,753 153,758 TOTAL INCOME AND ENDOWMENTS 206,547 206,547 216,511 EXPENDITURE ON: Charitable activities 4,5,6 211,057 211,057 180,072 TOTAL EXPENDITURE 211,057 211,057 180,072 NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES NET MOVEMENT IN FUNDS (4,510) (4,510) (4,510) (4,510) 36,439 36,439 RECONCILIATION OF FUNDS: Total funds brought forward 964,926 964,926 928,487 TOTAL FUNDS CARRIED FORWARD 960,416 960,416 964,926 The notes on pages 8 to 15 form part of these financial statements. Page 6
THE STANLEY MEWS COMMUNITY TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand 711,333 731,590 9,858 245,642 7,270 230,746 255,500 238,016 CREDITORS: amounts falling due within one year 10 (6,417) (4,680) NET CURRENT ASSETS 249,083 233,336 NET ASSETS 960,416 964,926 CHARITY FUNDS Unrestricted funds 11 960,416 964,926 TOTAL FUNDS 960,416 964.926 The financial statements were approved by the Trustees on and signed on their behalf, by= 06.c)1.2é G E Hill, Chairman The notes on pages 8 to 15 form part of these financial statements. Page 7
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. Under FRS 102 the assets and liabilties are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The Stanley Mews Community Trust constitutes a public benefit entity as defined by FRS 102. 1.2 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those acts"vities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and indude project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Charitable activities and Govemance costs are costs incurred on the charitys operations, including support costs and costs relating to the govemance of the charity apportioned to charitable activities. 1.4 Tangible fixed assets and depreciation A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairrnents. Impairment losses are recognised in the Statement of financial activities. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold property Fixtures and fittings Computer equipment 2 % straight line 33 % rounding balance 25 % rounding balance Page 8
THE STANLEY MEWS COMMUNifY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continued) 1.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. 1.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as adVand payTnents for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the 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 discount rate that 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 as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.10 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in fvrtherance of the general objectives of the charity and which have not been designated for other purposes. Page 9
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM DONATIONS AND LEGACIES 2025 2024 Grants 50,259 62,753 Total 2024 62,753 INVESTMENT INCOME 2025 2024 Rental income Interest income 153,558 2,730 152,186 1,572 156,288 153,758 Total 2024 153,758 DIRECT COSTS 2025 2024 Pensions Water rates Insurance Depreciation Computer costs House rent Cleaning Light and heat Tenants social activities Repairs and maintenance Sundries Wages 1,862 1,755 4,829 20,257 1,209 5,600 1,510 1,771 507 61,650 3,891 60,120 1,708 1,552 4,583 20,332 810 5,625 946 2,060 564 35,329 2,516 58,069 164,961 134,094 Total 2024 113,762 Page 10
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS 2025 2024 Bank charges Staff training Telephone and mobile Printing, postage and stationery 76 750 981 771 27 1,167 498 2,578 1,692 Total 2024 1,692 GOVERNANCE COSTS 2025 2024 Accountancy fees Legal fees Trustees expenses reimbursed Wages and salaries 3,900 7,570 4,020 10,347 1,299 28,620 31,200 43,518 44,286 STAFF COSTS Staff costs were as follows: 2025 2024 Wages and salaries 91,320 86,689 The average number of persons employed by the charity during the year was as follows: 2025 2024 No employee received remuneration amounting to more than £60,000 in either year. Page11
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Freehold Fixtures and property fittings Computer equipment Total Cost At 1 April 2024 and 31 March 2025 1,038,031 11,416 8,686 1,058,133 Depreciation At 1 April 2024 Charge for the year 308,692 19,651 10,009 281 7,842 325 326,543 20,257 At 31 March 2025 328,343 10,290 8,167 346,800 Net book value At 31 March 2025 709,688 1,126 519 711,333 At 31 March 2024 729,339 1,407 731,590 DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 4,609 5,249 2,362 4,908 9,858 7.270 10. CREDITORS: Amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals and deferred income 2,151 366 3,900 440 340 3,900 6,417 4.680 Page 12
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Unrestricted funds General Funds - all funds 964,926 206,547 (211,057) 960,416 STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure General Funds - all funds 928,487 216,511 (180,072) 964,926 Total of funds 928,487 216,511 (180,072) 964.926 SUMMARY OF FUNDS- CURRENT YEAR Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure General funds 964,926 206.547 (211,057) 960,416 SUMMARY OF FUNDS- PRIOR YEAR Balance at 31 March 2024 Balance at 1 April 2023 Income Expenditure General funds 928,487 216,511 (180,072) 964,926 Page 13
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unrestricted funds 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 711,333 255,500 (6,417) 711,333 255,500 (6,417) 960,416 960,416 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Credttors due within one year 731,590 238,016 (4,680) 731,590 238,016 (4,680) 964,926 964,926 13. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net (expenditure)fincome for the year (as per Statement of Financial Activities) (4,510) 36,439 Adjustment for: Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors Fixed asset additions 20,257 (2,588) 2,058 20,332 9,514 (3,070) (1.000) Net cash provided by operating activities 15,217 62,215 14. ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash in hand 245.642 230,746 Total 245,642 230,746 Page 14
THE STANLEY MEWS COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. RELATED PARTY TRANSACTIONS There were no related paty transactions for the year ended 31 March 2025 (2024- £nil). Page 15