REGISTERED COMPANY NUMBER: 04625150 (England and Wales) REGISTERED CHARITY NUMBER: 1097134
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
FOR
STEPPING STONES (NOTTS) LIMITED
Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
STEPPING STONES (NOTTS) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
STEPPING STONES (NOTTS) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2025
The trustees, who are also Directors for the purposes of the Companies Act, submit their annual report and the unaudited financial statements of the charity for the year ended 31st October 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting Charities" issued in 2005 in preparing the annual report and financial statements of the charity.
The charity is a charitable company limited by guarantee and was set up 24th December 2002. It is governed by a memorandum and articles of association.
ACHIEVEMENTS AND PERFORMANCE
Partnership Working
The Trustees recognise the following organisations for their advice and support during the year: - Enable - Choice Support - Housing and Support Alliance - Notts County Council - Killicks Accountants
Future Ambitions
The Charity has agreed to try and support other organisations allied to our area of care provision for people with learning difficulties in the Nottinghamshire area. To this end the Charity has appointed two of the Trustees to be responsible for identifying these and liaising with them to potentially provide any support.
Results for the Year
The Rental Income has continued throughout this year and is still the main source of income to the Charity.
As Trustees we recommend the adoption of the Accounts and the continuing appointment of Killicks Limited for the current year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was constituted under the memorandum and articles of association dated 24th December 2002.
Organisational structure
The trustees of the charity are legally responsible for the overall management of the charity. All decisions made are ratified at properly constituted meetings of a committee of trustees. In the case of a dispute at a committee meeting, the decision will be made by a majority vote.
Risk management
The trustees of the charity are responsible for the management of risks faced by the charity. Senior members of the management have conducted a review of risks that the charity may be exposed to. Where appropriate, procedures have been put into place to mitigate the risks.
REFERENCE AND ADMINISTRATIVE DETAILS
The charity was founded in 2002 and is registered with the Charity Commission under charity number 1097134 Details of the chanty's trustees and advisors are given on page 1
Approved by order of the board of trustees on 6 February 2026 and signed on its behalf by:
D W Allcock - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPPING STONES (NOTTS) LIMITED
Independent examiner's report to the trustees of Stepping Stones (Notts) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns 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.
Killicks Limited
Killicks Limited 35/37 Kingsway Kirkby in Ashfield Nottinghamshire NG17 7DR
6 February 2026
Page 2
STEPPING STONES (NOTTS) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 57 | 58 | |
| Investment income | 2 | 38,424 | 34,835 |
| Total | 38,481 | 34,893 | |
| EXPENDITURE ON | |||
| Other | 17,237 | 26,249 | |
| NET INCOME | 21,244 | 8,644 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 1,500,758 | 1,492,114 | |
| TOTAL FUNDS CARRIED FORWARD | 1,522,002 | 1,500,758 | |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 3
STEPPING STONES (NOTTS) LIMITED
BALANCE SHEET
31 OCTOBER 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 1,219,046 | 1,217,195 |
| CURRENT ASSETS | |||
| Debtors | 7 | 22,258 | 8,864 |
| Cash at bank | 280,698 | 274,843 | |
| CREDITORS | 302,956 | 283,707 | |
| Amounts falling due within one year | 8 | - | (144) |
| NET CURRENT ASSETS | 302,956 | 283,563 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 1,522,002 | 1,500,758 | |
| NET ASSETS | 1,522,002 | 1,500,758 | |
| FUNDS | 9 | ||
| Unrestricted funds | 1,522,002 | 1,500,758 | |
| TOTAL FUNDS | 1,522,002 | 1,500,758 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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STEPPING STONES (NOTTS) LIMITED
BALANCE SHEET - continued 31 OCTOBER 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 6 February 2026 and were signed on its behalf by:
D W Allcock - Trustee
The notes form part of these financial statements
Page 5
STEPPING STONES (NOTTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. ACCOUNTING POLICIES
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| Rents received NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2025 £ 38,424 2025 £ 1,213 |
2024 £ 34,835 2024 £ 887 |
|---|---|---|
3. NET INCOME/(EXPENDITURE)
continued...
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STEPPING STONES (NOTTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
| Trustees' expenses 2025 £ Trustees' expenses 612 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Other NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 £ 968 Unrestrict fund £ 58 34,835 34,893 26,249 8,644 1,492,114 1,500,758 |
|---|---|
continued...
Page 7
STEPPING STONES (NOTTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
6. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 November 2024 1,212,171 Additions - At 31 October 2025 1,212,171 DEPRECIATION At 1 November 2024 - Charge for year - At 31 October 2025 - NET BOOK VALUE At 31 October 2025 1,212,171 At 31 October 2024 1,212,171 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 9. MOVEMENT IN FUNDS At 1.11.24 £ Unrestricted funds General fund 1,500,758 TOTAL FUNDS 1,500,758 |
Fixtures and fittings £ 76,547 3,064 79,611 71,523 1,213 72,736 6,875 5,024 2025 £ 22,168 90 22,258 2025 £ - Net movement in funds £ 21,244 21,244 |
Totals £ 1,288,718 3,064 1,291,782 71,523 1,213 72,736 1,219,046 1,217,195 2024 £ 8,774 90 8,864 2024 £ 144 At 31.10.25 £ 1,522,002 1,522,002 |
|---|---|---|
continued...
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STEPPING STONES (NOTTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 38,481 38,481 At 1.11.23 £ 1,492,114 1,492,114 |
Resources expended £ (17,237) (17,237) Net movement in funds £ 8,644 8,644 |
Movement in funds £ 21,244 21,244 At 31.10.24 £ 1,500,758 1,500,758 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 34,893 (26,249) |
8,644 |
| TOTAL FUNDS | 34,893 (26,249) |
8,644 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.23 £ 1,492,114 1,492,114 |
Net movement in funds £ 29,888 29,888 |
At 31.10.25 £ 1,522,002 1,522,002 |
|---|---|---|---|
continued...
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STEPPING STONES (NOTTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 73,374 | (43,486) | 29,888 | |
| TOTAL FUNDS | 73,374 | (43,486) | 29,888 | |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2025.
Page 10
STEPPING STONES (NOTTS) LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 57 | 58 |
| Investment income | ||
| Rents received | 38,424 | 34,835 |
| Total incoming resources | 38,481 | 34,893 |
| EXPENDITURE | ||
| Support costs | ||
| Governance costs | ||
| Trustees' expenses | 612 | 968 |
| Insurance | 2,894 | 2,748 |
| Sundries | 3,391 | 3,855 |
| Accountancy and legal fees | 1,114 | 1,224 |
| Repairs | 8,013 | 16,567 |
| Fixtures and fittings | 1,213 | 887 |
| 17,237 | 26,249 | |
| Total resources expended | 17,237 | 26,249 |
| Net income | 21,244 | 8,644 |
This page does not form part of the statutory financial statements
Page 11