REGISTERED COMPANY NUMBER: 06427360 {England and Wales)
REGISTERED CHARITY NUMBER: 1121832
REPORT OF THE TRUSTEES AND
CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
SALTBOX
(A COMPANY LIMITED BY GUARANTEE)

SALTBOX
CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
1 to 13
Report of the Independent Audltors
14 to 17
Consolldated statement of Financial Activities
18
Consolldated statement of Financial Position
19
Consolldated statement of Cash Flows
20
Notes to the Consolldated Statement of Cash Flows
21
Notes to the Consolldated Flnanclal Statements
22 to 36

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the consolidated financial statements of the charity for the year ended 31 March 2024. The
trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Saltbox
Objectlves and aims
Our objectives are to:
1. Support and encourage the work of the church and to promote Christian values in society
2. Provide infrastructure support to encourage, support and help build the capacity of community groups who
deliver locality-based care initiatives
3. Develop local networks of initiatives to share best practice and to connect with regional and national
networks to support, encourage and share best practice
4. Deliver a range of seNices that support vulnerable adults
5. Support communities to inform, influence and impact local decision making and service delivery to bring
about beneficial change within their localities
6. Work as part of strategic multi-agency partnerships to inform and influence local decision making, strategy
and policy.
Hawes Street Houslng
Objectlves and aims
Our objectives are to
1. Providing housing and any associated amenities, services or assistance for people in necessitous
circumstances on terms appropriate to their means:
2. Providing specially designed or adapted housing and associated amenities, seNices or assistance for
people who need it or them because of chronic sickness, age or mental or physical disabilities:
3. Providing housing and any other associated amenities, services or assistance for any others for whom it is
charitable to do so..
4. To promote any other charitable purpose for the benefit of the community in Staffordshire
Slgnificant actlvltles
We constantly monitor our activities and progress and review our strategic objectives on an annual basis.
We continue to make signifi'cant progress in the achievement of our objectives, which are further detailed in
the Review of Activities.
The Trustees have carefully considered the requirement for public benefit reporting in accordance with
guidance issued by the Charity Commission. As a result, the Trustees have satisfied themselves that the
public benefit of the activities undertaken by the Saltbox group, have continued and are likely to do so in the
future. The activities of the Saltbox group which have contributed to the public benefit are summarised as
follows:
The provision of housing and rehabilitation services for ex-offenders under the Restart project:
The provision of services to prevent isolation and loneliness and to maintain independent living for older
people through the Carelink project.,
The provision of debt advice services through Money Matters, working in partnership with local foodbanks.,
The provision of infra-structure development support to faith based and non-faith based organisations to
enable them to strengthen their activities and services in their furtherance of the public benefit.
The purchase and renovation of vacant houses within the area surrounding Hawes Street in the Tunstall
area of Stoke-on-Trent for letting at affordable rents to local people who are homeless or in housing need.
Page 1

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Group R8Vl8w of Actlvltles 2023124
Splrftual Development
Throughout the year Saltbox continued to offer help and support in order to provlde spiritual development
opportunities in Stoke-on-Trent and beyond.
The monthly Connect leaders, meetings continued to bring together local Christian church and ministry
leaders in person at the Beacon House of Prayer on Tuesday mornings. It was encouraging to see numbers
of leaders meeting in person to worshlp and pray together and also to share information about spiritual and
community transformation in our local communities.
Saltbox, once again, took the lead in organising the annual Stoke-on-Trent Civic Prayer Breakf8St which took
place on 31st March 2023. The guest speaker was Martin Tideswell, Director of Communities and
Commercial Engagement at Staffordshire University. There was also an interview with Sara Williams OBE
(Chief Executive at the Staffordshire Chambers of Commerce). About 320 people attended a joyful and
hope-filled event making the Stoke-on-Trent Civic Prayer Breakfast one of the largest such events not just in
the UK but across the world. Saltbox's pioneering role in developing CPBS has meant that the Saltbox CEO
is often asked for advice from others both in the UK and beyond.
From April 2023 to March 2024, Saltbox organised four City Celebrations which all took place at Swanbank
Methodist Church, Burslem:
In June 2023, Saltbox organised a City Celebration with worship leader, James Adams, and the guest
speaker w8s Rev Malcolm Mycock (St. John's Abbey Hulton).
In October 2023, the City Director of the Cty Council, Jon Rouse, was interviewed about his work and
challenges face by the City Council and the wider city. The guest speaker was Rev Kathryn Stephens
(Swanbank).
In January 2024, at the New Year celebration, Paul Critchley led worship and Robert Mountford (County
Ecumenical Officer) was the guest speaker.
In March 2024, the guest speaker was Sam Taylor (Saltbox) with Paul Critchley providing the worship.
Saltbox also continued to support the quarterly City Faith Link meetings, which bring together faith and civic
leaders.
Saltbox maintained its local media partnership work by supporting the Sentinel in its provision of the weekly
Yours Faithfully faith-based column and BBC Radio Stoke with its Sunday morning faith-based magazine
programme.
Saltbox continued to provide a link between local faith groups and statutory services to seek to enhance
levels of community care and support provided. The city's 150 faith groups provide over 400 individual
communty projects every week. mobilise over 2,000 local volunteers and provide care and support to many
thousands of people. As a consequence of this ongoing link work, Saltbox continued to be a key partner of
Stoke-on-Trent's emergency support response to those struggling increasingly with issues linked to the
emerging cost of living crisis.
A growing number of regional, national and international opportunities allowed Saltbox to increase its
engagement with v8rious nation818nd international org8nisations including the NAYBA Network, the Gather
Network, Movement Day UK and the World Prayer Centre. The Saltbox CEO spent significant time engaging
nationslly and intemationally to work collaboratively in sharing positive faith-based responses to the various
challenges faced by communities. Saltbox's work is increasingly seen as a model of good practice for those
f8ith-based organlsations seeking to work positively in their communities and link strategically with statutory
agencies and stakeholders.
All activities were organised and overseen by Saltbox's staff with much appreciated help and support from
volunteers and trustees.
Page 2

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Soclal responsibility
Saltbox's soci81 responsibility function delivers services that meet the needs of vulnerable adulls. provides
support to grassroots initiatives and works within strategic partnerships to help bring about beneficial
change. We are keen to identify gaps in current seNice provision as a way to respond to the needs of some
of the most vulnerable and excluded groups in our communities. All of our social responsibility services are
for public benefit, and include Carelink, Restart and Money Matters.
Carellnk
Carelink - Connects isolated older people with their community, maintaining connections that benefrt their
health, wellbeing and independence to live well at home. Our over 65's befriending, reablement and
intervention service aims to address needs and issues around loneliness and isolation with complex health
and social issues
We help older people to stay well, avoid health crises, and reduce loneliness and isolation. Activities include
a telephone befriending servits, Chatty Café. day trips, piloting of the KOKU digital exercise platform, health
and wellbeing monitoring, advocacy, social events, digital technology sessions, and volunteering
opportunities.
Carelink has supported 485 people throughout the year. Many of these received regular telephone
befriending calls from our volunteers, with 12,479 Keep In Touch calls taking place. Over the year, 50 people
have volunteered with us, providing 5,604 volunteer hours, and we are immensely grateful for all the support
that they provide to our clients. Over the year. 147 of our telephone clients required additional support
intervention.
In order to help people to increase their confidence to go out, we have run Chatty Cafes in 3 venues (141
group sessions in total) and have organized 10 monthly trips for clients. We also provided bespoke digital
support through our Connect cafes and one-to￿ne support to a total of 40 individuals. In partnership with the
University of Manchester, we have run 4 more cohorts using the digital app "KOKU" (Keep On Keep Up), {2
in Extra C8re settings through Adult Social Care, and 2 in conjunction with the MPUFT), which supports the
physical health of older people living at home, managing their long term conditions, increasing mobility, and
preventing falls. We have provided iPads and peer support to engage clients with this platform. To follow on
from this, we encourage and support clients to engage with the benefits of other technology to improve their
daily lives and other opportunities to remain active and connect socially.
Through additional funding from Adult Social Care, we continued with our expanded Reablement service.
which offered short-term intensive support to 133 older people to help improve their independence and welS-
being.
As we come to the end of this year, with sadness, we will be winding down our very successful Reablement
service due to Sn end in funding, but remaining hopeful that further funding will be granted to grow and
develop other parts of the service, including KOKU, beyond Stoke and North Staffs. We continue with strong
partnerships, a highly regarded service which supports the work of our statutory health and social care
partners and. most importantly, increases the quality of life for the elderly and isolated in our communities.
Page 3

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Restart
Restart continues to run as a supported housing seNice to individuals who are either homeless or at risk of
homelessness. We work with clients who have multiple and complex needs such as homelessness,
offending behaviour, breakdown of family relationships, unemployment, mental health issues and struggles
with substance misuse. We have a support team who provide tailored support for each client to help each of
them work towards independent living.
During the year, Restart grew to a portfolio of 69 properties across Stoke-on-Trent & Newcastle-under-Lyme,
and supported a5most 300 individuals. Across the 12 months, 42 individuals have been enabled to move on
positively either into their own accommodation and independent living or a service which is better suited to
their support needs. This represents 250/0 of service leavers who have been supported to this positive
outcome.
As well as the team of support workers, the team is supported by input from our Chaplain, Client
Development Facilitator, Reconnect Worker and Dual Diagnosis Practitioner. These roles provide more
specialised inte￿entions, contributing to the person-centred support offered to residents based on their
specific set of needs.
We continue to work closely with partners, seeing most of the 1,081 referrals we received in the last 12
months come from our partner organisations. Multi-agency working with HMPPS, local mental health
services and other accommodation providers enables the right support to be in place for our residents. We
continue to play a key role in the Changing Futures Programme which is active in the city, and we have a
strong relationship with the local drug & alcohol service who co-locate with us in our city center premises.
All of this is supported by our Property Services Team. made up of a number of maintenance and domestic
support roles who ensure that our properties are maintained to a high standard, that there is always a prompt
response to necessary repairs and rooms are made available to new residents as quickly and efficiently as
possible.
Restart is continuing to increase the number of properties in our portfolio alongside continually improving the
standard of our accommodation and support. We are moving fO￿ard with a holistic and person-centred
supported accommodation service.
Money Matters
Various organisations and charitable trusts provide funding for Money Matters with the aim of improving
financial capability through money management, benefrts and debt advice, along with bespoke digital and
budgeting support. to ensure the positiv8 Outcomes are sustained. During the year, grants and donations
have been re￿iVed from the Stoke-on-Trent Foodbank & Trussell Trust, The Energy Industry Voluntary
Redress Scheme, the Santander Foundation. Benefact Trust, Independent Age, Stoke-on-Trent City
Council's Household Support Fund, National Lottery Awards for All and Arm Trust funding, UKSPF, National
Lottery Cost of Living Fund and Good Things Foundation.
This confidential service continues to liaise with the DWP, local authority, creditors and HMRC where
appropriate, helping to prepare income and expenditure budgets and negotiating debt management payment
plans with creditors. It also assists in the provision of Debt Relief Orders, supports clients through bankruptcy
procedures and represents our clients in court proceedings. In addition, Money Matters also has access to
the Household Support Fund, which provides fuel and supermarket vouchers for vulnerable clients
Page 4

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Money Matters
During this year, we had a number of staff changes, including the long-standing team manager Mary-Anne
Rapson moving on and Linda Smith taking over some of her role as full-time Operations Manager for Money
Matters and Carelink. To facilitate this transition 2 of our existing staff also moved into more senior roles,
providing more of the day-ttrday operational support.
We continued with our 2nd year of funding from Stoke-on-Trent foodbank through the Trussell Trust's
Pathfinder program, continuing with our Admin support and Caseworker roles and expenses for 5 volunteers.
Santander, through their "Inspiring Digital for Financial Recovery" Fund, also in its 2nd of 3 years, employs 1
part-time Lead Digital and Money Guidance Coach and a full-time Welfare Benefits and Financial Capability
Advisor to enhance the service further and up-skill those currently financially excluded and requiring longer-
temi support due to a lack of digital skills. The latter of these moved across from the Independent Age-
funded older person's project, which came to an end in December 2023.
Additional funding through the Benefact Trust part funded 2 new roles: a full-time Welfare Benefits adviser
and a part-time Debt Casework Assistant. Our Energy project came to an end as this one started, so we
were able to move a member of staff across to the new Welfare Benefits role. ensuring we did not lose her
experience and skills.
At the start of the year, we identified a,need for further funding to cover our core Money Matters costs and
later to cover the deficit in the Benefact funding. We were successful in gaining funding from the National
Lottery Cost of Living fund, and a partnership project funded through UKSPF and HSF from SOT City
Council. These funds have both supported the staffing costs of these projects whilst achieving the targets
and outcomes of the grants.
Over the last year, we held 515 sessions at Foodbanks providing 3,870 client interventions. We worked on
314 benefits cases and 77 debt cases, of which we supported 14 clients with DRO fees to enable their debts
to be written off. Through our work, £164.783 of debt was written off, £1,444,431 worth of welfare benefrts
were realised, and we helped people access £58.944 in grants and donations. We distributed 196 fuel
vouchers and £100,000 of Household Support fund.
Partnershlp working
Saltbox values the importance of partnership working and we seek to work with others to identify and deliver
priorities in and around the City of Stoke-on-Trent and the county of Staffordshire. As part of this role, we
engage in a number of partners including..
Stoke-on-Trent City Council (including Adult Social Care, Housing and Public Health directorates)
Staffordshire County Council
NHS (including ICS, ICB, MPUFT, UHNM)
stoke-on-Trent Healthwatch
staffordshire Police
staffordshire Probation Service
West Midlands Probation Service
Ministry of Justice
. VAST
Voluntary Sector Chief Officers, Group
CitiZ8ns' Advice Bureau Stoke & North Staffs
staffordshire Age UK
Disability Solutions
S-O-T Hardship Commission
S-O-T Wider Welfare Refomi Group
S-O-T Financial Inclusion Group
Trussell Trust & Stoke-on-Trent Foodbank
Staffordshire Universty
Page 5

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE {Continued)
Keele University
Stoke-on-Trent College
Stoke-on-Trent Homeless Forum
Sentinel newspaper
BBC R8dio Stoke
Signal Radio
Cross Rhythms Community Radio
United Christian Broadcasters
City Faith Link Forum
Connect Leaders, Meeting
World Prayer Centre
NAYBA
Gather Network
Movement Day UK
Hawes Street Houslng
On 1st April 2023, Saltbox acquired Hawes Street Housing (HSH) as a wholly owned subsidiary (charity
number 1076383, company limited by guarsntee number 02328684 and Registered Provider of Social
Housing number 4707). HSH provides social housing in Staffordshire, primarily in the area of Tunstall, with
28 units of housing for tenants in 27 properties (one being split into 2 flats). HSH owns the freehold of 22
units with 6 units on a long leasehold from Stoke-on-Trent City Council.
This acquisition received consent from both the Charities Commission and Regu18tor of Social Housing, with
all necessary resolutions passed and revised Articles submitted to Companies House. The transition for both
organisations has been very smooth with considerable goodwill on both parts.
HSH commenced the year with 28 letting units (mainty refurbished terrace houses, plus three flats) and
acquired 8 further property in the year which is Currently undergoing renovation, to take the housing stock to
29 units. Of these properties, 23 are wholly owned by HSH with 6 properties on a leasehold agreement with
Stoke-on-Trent City Council (currently under renewal). All 28 properties were fully let during the year with 1
tenant moving to Council propety after the year end.
New tenants undergo a thorough application and vetting process and HSH is able to offer wider support to
tenants, particularly through the projects that Sallbox runs including support for older people and moneyldebt
advice services.
A Stock Condition Survey was commissioned during the year which has evidenced that our houses comply
with the Decent Homes Standard. We have also developed a 5 year maintenance programme for the
renovation and refurbishment of houses which will enable us to undertake significant improvements (e.g.
replacement bathrooms and kitchens) in a planned and controlled manner.
A considerable amount of work has taken place during the year to ensure that HSH is compliant with the
Economic Standards set out by the Regulator of Social Housing, as well as preparation for the new
Consumer Standards that registered providers must comply with from 1 st April 2024. There is further work to
be undertaken by staff and Trustees to ensure full compliance with the Governance & Financial Viability
Standard which will be completed in the next 12 months.
Value for Money
In the current economic environment, it is important to ensure that HSH maximises the value for money from
any expenditure undertaken. The Board considers value for money as part of its strategic approach when
allocating resources, but not at the expenses of providing a quality seNice. New financial procedures have
been introduced following the acquisition by Saltbox, ensuring that major items of expenditure are scrutinized
and approved prior to being incurred, with quotations obtained as required, to ensure that the best prices are
secured.
Page 6

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Flnanclal position
Overall Performance
The financial activity of the Charity is detailed in the Financial Statements attached.
We are pleased to report that our results for the year ended 31 st March 2024 show a surplus of £264,425
(2023: surplus of £116,412). The surplus has been achieved due to the ongoing careful management of our
project expenditure, alongside securing of additional grant income and contracts for the delivery of services.
The Trustees are confident that during 2024125 the Saltbox group will continue to make good financial
progress, despite the ongoing challenges around Cost and wage inflation and renewal of
contractslreplacement grant income. It has sufficient reserves to enable the organisation to continue to
deliver its activities whilst it also pushes fO￿ard to achieve new grant income and other funding.
Principal fundlng sources
Income:
Saltbox is financed through the regular giving of individual supporters, a number of significant grants and
contracts (both restricted and unrestricted) and donations from local churches alongside enhanced housing
benefit income for Restart clients to enable S8ltbox to undertake its critical support services to this client
group.
HSH is financed through the rents received from its tenants and from housing benefit for those tenants in
receipt of this.
Total Incoming resources during the year increased to £3,007.530 compared with £2,512,064 in the previous
year.
Page 7

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Alongside individual donors and churches, Saltbox acknowledges with gratitud@ the financial support
received from the following funders..
Core Fundlng & Spiritual Development:
Methodist District Association £5,000, Trentha￿ Parish Church £3,200, Pott8rs House Church £1,200 Stoke
North Methodist Church £600 and other local North Staffordshire churches amounting to £2,222.
Carellnk:
£48,735 from NHS Charities Togetherlcaptain Tom's fund towards a Carelink Engagement Coordinator and
£44,904 from the National Lottery Know Your Neighbourhood Fund. Carelink also received £900 from Staffs
Communty Foundation for room hire for the KOKU project in South Staffs.
Money Matters:
SNSCAB Energy Redress Fund £16,858, Santander Foundation £50,000, Twssell TrusVFoodbank
Pathfinder Project £54,819.32, Independent Age £40,000, National Lott8ry Cost of Living Fund £72,019,
Good Things Foundation £3,600 and SOT CC UKSPFIHousehold Support Fund £37,862 towards the Money
MOTS partnership project.
Restart:
Big Lottery Fund £53,662 (final 6 months of the grant), Charles Hayward Foundation £25,000, B&Q
Foundation £9,980, Nationwide Community Fund incremental grant £5,989, Hinchley Charitable Trust
£7.500, and 29th May 1961 Charitable Trust £3,000.
Capltal & Other Grants:
We received £20,000 from Stokewon-Trent City Council towards our legal fees on the acquisition of Hawes
street Housing and we also received £100,000 from the Household Support Fund towards supporting local
people with energy bills, food and care packages through the cost of living and energy crisis.
Expendlture:
Total resources expended for the year was £2,743,105 compared with £2,395,652 in the previous year.
Balance Sheet:
Total funds at 31 st March 2024 were £3,144.284 (2023.. £533,058) of which Restricted funds were:
£nil (2023.. £nil). Un-restricted funds were: £3,144,284 (2023: £533,058)
Cash at Bank and in hand was £1,082.956 (2023: £553,175) which is considered adequate to meet the
future cash needs of the Saltbox Group.
Page 8

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Funds held as Custodlan Trustee on behalf of others
On occasion, the charity may act as custodian Trustees over cash held for other small, not for profit
organisations. This money is held in order that invoices can be paid on behalf of these organisations,
enabling them to achieve their charitable activities.
These monies are held in the charity's bank account and a separate nominal code kept to record any
transactions on th8 balance sheet, which appears in other creditors and does not form part of the charity's
own funds. At 31103124 no funds were held on behalf of other organisations (2023: £nil).
Reserves policy
Future Proofing the Charlty's Service Provision
The Trustees have determined that the charity's reserves are kept at a satisfactory level to provide
continuation funding for projects I work currently being undertaken by Saltbox with statutory andlor charitable
trust funding as changes occur within the Health & Social Care, and PolicelProbationlHousing Sectors. This
provision is to protect our ability to provide valued and much needed seNices, support and activities to our
clients and customers (particularly in void income periods which arise between funding switches) as well as
to provide a level of protection to our funders.
Contlngency Policy
Unrestricted reserves are maintained to enable the charity to manage its ongoing cash flow position.
particularly as funding tems may vary significantly between different statutory or grant funders. To ensure
that the charity remains sustainable in the event of any significant loss to our funding or other unforeseen
circumstances, it is the Trustees, policy to hold reserves of approximately 3 months, expenditure. This
equates to approximately £694.088 of which we currently hold £3,144,284 (2023 £533.058>. Restricted funds
relate to any funds specifically provided under the terms and conditions of specific grant or trust funds. At
31st March 2024. restricted funds amounting to £nil were held.
Investment pollcy and obJectiv6s
In accordan￿ with the Memorandum and Articles of Association, the Trustees, have the power to invest
money in their absolute discretion as they think fit.
EVENTS AFTER THE END OF THE REPORTING PERIOD
There have been no material events after the end of the reporting period.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Saltbox is a charitable company limited by guarantee, registered in England and Wales, company number
06427360, registered charity 1121832, controlled by its goveming document (its Memorandum and Articles
of Association).
HSH is a charitable company limited by guarantee, registered in England and Wales, company number
02328684, registered charity 1076383, controlled by its governing document (its Articles of Association). It is
also a Registered Provider number 4707 and regulated by the Regulator of Social Housing.
Page 9

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recrultment and appointment of new trustees
The election or appointment of Trustees is set out in the Articles of Association of Sattbox and HSH.
Organisatlonal structure and decislon maklng
The Board of Trustees of the group meets bi-monthly and is responsible for the strategic direction and policy
of the charity.
A scheme of delegation is in place and day to day responsibility for the provision of the services rests with
the Chief Executive Officer (CEO), Lloyd Cooke, who leads a Senior Management Team.
Declaratlon of interests
Trustees are required to declare interests that are relevant and material both at Board level and at
subcommittee level and declarations are requested at each meeting. A record is maintained of all relevant
8nd material interests by the Company Secretary and this record is available on request.
Inductlon and training of new trustees
New Trustees are identified through a trustee recruitment and selection process, based on a skills matrix of
roles required for the governance of the charity. They are required to serve a probationary period during
which time they are expected to attend an initial Board meeting as an observer. meet with the CEO and
Chair of the Board, and undertake a Trustee induction programme to familiarise themselves with the charity
and the context in which it operates.
Key management remuneratlon
The senior management team are responsible for the performance of the charity in their respective servi
area. ensuring that 811 contract or grant targets are achieved and that these results are reported to respective
funders. They also ensure that the charity's activities are safe and effective for staff and the beneficiaries in
receipt of services and that quality standards are maintained throughout.
The remuneration of all staff, including key management personnel, is undertaken based on benchmarking
remuneration against other similar services, with a view to paying the prevailing market rate to ensure that
the best staff can be recruited and retained.
Related parties
Saltbox operates independently and has no related party transactions other than employee benefits for key
management personnel.
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SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rlsk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error. The risk
management reporting framework adopted by the Trustees includes the following:
Preparation, update and review of the Risk Register at each Board meeting, with key issues identified and
pro-active plans established to mitigate those identified risks, including the accountable manager and
timeframe for monitoring of those risks.,
Preparation and presentation of the monthly management accounts and cash flow position to Trustees at
each Board meeting, to ensure that the charity has sufficlent funds for a period of 12 months or more.,
Health and safety monitoring this is carried out by the CEO and SMT on at least an annual basis to
ensure that any risks are identified. reported and mitigated. Health and Safety issues for our leased premises
and all Restart leased properties is undertaken on a monthly basis, or more frequently, as risks are
identified. All newly recruited staff receive induction training on health and safety and are required to report
any identified risk to management. Reporting of health and safety matters is undertaken to the Board of
Trustees at each Trustee meeting;
Risk assessments are completed for both new and ongoing annual activities, including new locations for
service delivery, with a view to the safeguarding of staff, volunteers and clients.
Principal risks and uncertainties
Principal risks that have been identified during the course of the year have included..
The ongoing impact of cost and wage inflation on the future financial position of the charity. This includes
the potential for reduced income from fundraising and grant sources alongside donorslsupporters. plus
increased costs due to the price of gaslelectricity and fuel, both for the organization and for the Restart
Houses on which we pay utility bills. We have mitigated against these costs by significantly increasing
budgets in respect of these anticipated price rises plus also reducing the amount of donorlfundraising
income expected from supporters.,
The ongoing changes within the statutory sector and particularly in the NHS and Probation Service with
larger block contracts on offer and the push for integrated services. The management team continue to
carefully review future tender and contract opportunities, including pursuing partnership arrangements where
these may create a stronger prospect for the securing of that contract.
The renewal of the leases for 6 properties currently leased from Stoke-on-Trent City Council
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
Saltbox 06427360 (England and Wales) HSH 02328684 (England and Wales)
Reglstered Charity number
Saltbox 1121832
HSH 1076383
Reglstered office
Saltbox
Gitana Street
Hanley
stoke-on-Trent
ST11DY
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SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Saltbox
Revd P J Barber
Mr B R Barber
MrGDBond
Mrs D F Hackney (resigned 28.9.23)
Revd D Street
Mr. S J Webster
Dr M A Chi18ka
Mr M W Holland
HSH
J Gerrard
P Harley
M W Holland (appointed 1.4.23)
P J Madden
C D Mcmain
G D Bond (appointed 1.4.23)
Company Secretary
Mr L Cooke
Auditors
Sumer Audltco Ltd
Stone House
Stone Road Business Park
Stoke-On-Trent
ST4 6SR
Sollcltors
Nowell Mellor Solicitors
Windsor House
5A King Street
Newcastle
Staffordshire
ST5 1EH
Anthony Collins Solicitors
134 Edmund Street
Birmingham
B32ES
Keelys LLP
28 Dam Street
Lichfield
Staffordshire
WS136AA
Bankers
Unily Trust Bank
4 Brindley Place
Bimiingham
812HB
HSH
Bank of Scotland
The Mount
Edinburgh
EH1 1YZ
HSBC Bank plc
64 High Street
Newcastle-Under-Lyme
Staffordshire
ST51QN
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.
Page 12

SALTBOX
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Saltbox for the purposes of company law) are responsible for
preparing the Report of the Trustees and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
obseNe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are
unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit informstion and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Sumer Auditco Ltd, will be proposed for re-appointment at the forthcoming Annual General
Meeting.
Approved by order of the board of trustees on .....lQ. .. ..... .
024........... and signed on its behalf by:
Mr G D Bond - Trustee
Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SALTBOX
Oplnlon
We have audited the financial statements of Saltbox (the 'ch8rit8ble company,) for the year ended
31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the
Statement of Cash Flows and notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure. for the year then
ended.,
have been properly prepared in accord8nce with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)} and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material Un￿rtaIntieS relating to events or
onditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Inforniatlon
The trustees are responsible for the other infomiation. The other information comprises the infomiation
included in the Annual Report, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
othe￿ise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements, or our knowledge obtained in the audit or otheNise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to detemiine
whether this gives rise to a material misstatement in the financial statements themselves. If, based on the
work we have perfomied, we conclude that there is a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Oplnlons on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SALTBOX
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been
received from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit., or
the trustees were not entitled to take advantage of the small companies exemption from the requirement
to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such intemal
control as the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the twstees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or
to cease operations, or have no realistic altemative but to do so.
Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SALTBOX
Our responsibilities for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from m8teri81 misstatement, whether due to fraud or error. and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate. they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
The exient to which our procedures are capable of detecting irregularities, including fraud is detailed below..
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, and then design and perform 8udit procedures responsive to those risks, including obtaining audit
evidence that is Sufficient and appropriate to provide 8 basis for our opinion.
Identifying and assessing potential rlsks related to irregularltles
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations, we considered the following:
the nature of the industry and sector, control environment and business performance including the
design of the company remuneration policies, key drivers for directors, remuneration, bonus levels
and perfomiance targets.,
results of our enquiries of management about their own identification and assessment of the risks of
irregularities;
any matters we identified having obtained and reviewed the company documentation of their policies
and procedures relating to:
identifying, evaluating and complying with laws and regulations and whether they were aware
of any instances of noncompliance.,
detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud.
the internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations.,
the matters discussed among the audit engagement team regarding how and where fraud might
occur in the financial statements and any potential indicators of fraud.
Based on this approach, we were able to assess the company risks and ensure the risks were considered
throughout all areas of audit testing. The audit team was professionally sceptical throughout the audit and
remained alert for inaccurate or misleading information.
Audit response to rlsks Identlfled
During the planning stage of the audit, the susceptibility of the charity to irregularities including fraud was
considered and discussed with the audit team.
No key audit risks were identified relating to the potential risk of fraud or irregularities. Our procedures to
respond to risks identified included the following..
reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
fi'nancial statements.,
perfomiing cut-off tests to ensure income is recognised in the appropriate accounting period.
enquiring of management concerning actual and potential litigation and claims.,
performing analytiC81 procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud.,
obtained an understanding of provisions and held discussions with management to understand the basis of
recognition or non-recognition of tax provisions,. and
Page 16

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SALTBOX
in addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments. assessing whether the judgements made in making accounting
estimates are indicative of a potential bias. and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
Audit testing was completed on a targeted sample basis based on our assessment of risk and materiality.
Due to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed
our audit in accordance with auditing standards. For exsmple, as with any audit, there remained a higher risk
of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-
compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with
laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uldauditorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Use of our report
This report is made solety to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
for this report, or for the opinions we have formed.
Helen Tidym8n (Senior Statutory Auditor)
for and on behalf of SumerAuditco Ltd
Stone House
Stone Road Business Park
Stoke-On-Trent
ST4 6SR
Date: .
Page 17

SALTBOX
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Investment income
20,911
2,160,858
4,340
20,911
2,982,279
4,340
33,009
2,476,035
3,020
821,421
Totsl
2.186.109
821,421
3 007 530
2 512 064
EXPENDITURE ON
Charitable activities
Support costs
1,509,002
406 247
827,856
2,336,858
408,247
2,078.752
316,900
Total
1.915 249
827 856
2743 105
2,395,652
NET INCOMEIIEXPENDITURE
Transfers between funds
Other recognlsed galnsl(losses)
Gains on revaluation of fixed assets
270,860
243,565
(6,435)
(243,565)
264,425
116,412
21
1,190,657
1190 657
Not movement in funds
1,705,082
(250,000)
1,455,082
116,412
RECONCILIATION OF FUNDS
Total funds brought foward
Acquisition of Hawes Street Housing
533,058
906,144
533,058
1,156,144
416,646
250,000
TOTAL FUNDS CARRIED FORWARD
3,144,284
3 144,284
533,058
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
Included within the above amounts are significant amounts of Housing Benefit income and expenditure.
The notes form part of these financial statements
Page 18

SALTBOX
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024
Company
31.3.23
31.3.24
Notes
FIXED ASSETS
Tangible assets
13
2,867,227
731,078
CURRENT ASSETS
Debtors
Cash at bank and in hand
14
76,081
1.082.956
90,511
553,175
1,159,037
643,686
CREDITORS
Amounts falling due within one year
15
(490,636)
(398,579)
NET CURRENT ASSETS
668,401
245,107
TOTALASSETS LESS CURRENT
LIABILITIES
3,535.628
976,185
CREDITORS
Amounts falling due after more than one year 16
(391.344)
(443,12n
NET ASSETS
3 144,284
533,058
FUNDS
Unrestricted funds
21
3 144,284
533 058
TOTAL FUNDS
3 144,284
533,058
The financial statements were approved by the Board of Trustees and authorised for issue on
..io.l.i.p.l...10.4.Y........ and were signed on its behalf by..
Mr G D Bond - Trustee
The notes form part of these financial statements
Page 19

SALTBOX
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
31.3.23
Notes
Cash flows from operating activities
Cash generated from operations
Interest paid
420.932
24.658)
195,637
Net cash provided by operating activities
396,274
186,524
Cash flows from investing actlvlties
Cash acquired from subsidiary
Purchase of tangible fixed assets
283,291
99,697
99.686
Net cash used in investing activities
183.594
99.686)
Cash flows from flnanclng actlvltles
New loans in year
Loan repayments in year
56.011
Net cash (used in)Iprovided by financing activities
50 086)
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
529,781
93.377
553,175
459 798
Cash and cash equlvalents at the end
of the reportlng perlod
1082 956
553,175
The notes form part of these financial statements
Page 20

SALTBOX
NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.24
31.3.23
Net income for the reportlng perlod las per the Statement of
Financial Actlvltles)
Adjustments for:
Depreciation charges
Interest paid
Decrease in debtors
Increase in creditors
264,425
116,412
27,058
24,658
14,430
30,121
9,113
29,393
10,598
Net cash provided by operations
420,932
195 637
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net cash
Cash at bank and in hand
553,175
529 781
1,082,956
553,175
529 781
1082,956
Debt
Debts falling due within 1 year
Debts falling due after 1 year
(51,163)
(6,218)
56,305
(57,381)
391,344
498 812
50,087
448,725
Totsl
54,363
344,866
634,231
The notes fomi part of these financial statements
Page 21

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and W8les. The address of the registered
office is Bemersley House, Gitana Street. Hanley, Stokewon-Trent, Staffordshire, ST11 DY.
ACCOUNTING POLICIES
Basis of preparlng the flnanclal statements
The financial statements of the charitable company, which is a public benefit entty 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
applicsble in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Critical accounting Judgements and key sources of estlmatlon uncertalnty
The judgements that management has made in the process of applying the entty's accounting
policies and that have the most significant effect on the amounts recognised in the financial
statements are as follows".
{1) Estimated useful lives and resldual values of flxed assets
As described in the notes to the financial statements, depreciation of tangible fixed assets has been
based on estimated useful lives and residual values deemed appropriate by the trustees. Estimated
useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into
account estimated useful lives used by other charities and actual asset lives and residual values, as
evidenced by disposals during the current and prior accounting periods.
(111 Provlslons
Provision is made for asset dilapidation and contingencies. These provisions require management's
best estimate of the costs that will be incurred based on legislative and contractual requirements.
Golng concern
There are no material uncertainties about the charity's ability to continue as a going concem.
Income
All income is included in the statement of financial activities when entitlement has passed to the
charity, it is probable that the economic benefits associated with the transaction will flow to the charity
and the amount can be reliably measured. The following specific policies are applied to particular
categories of income..
income from donations is recognised when there is evidence of entitlement to the gift, receipt is
probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale
value. Donated facilities and services are recognised in the accounts when received if the vslue can
be reliably measured. No amounts are included for the contribution of general volunteers.
Page 22
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - contlnued
Income
income from restricted gr8nts and contracts is accounted for according to the temis and conditions
of the grant or contrdct, which may be time defined or performance related. Where contracts or
grants expire at a date beyond the financial year end, the relevant proportion of funds are deferred to
the next accounting period in accordance with the terms and conditions of the funder.
Expenditure
Expenditure is recognised on an accruals basis as 8 liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity
and include project management.
Tangible fbxed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life
Freehold propety
Fixtures and fittings
Motor vehicles
Computer equipment
Not depreciated
20°/o Straight line
25 % straight line
25010 Straight line
Project specific assets are written down in full in the year of purchase.
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. The charity only capitalises individual assets of a value of £1,000
or more.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
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 specffied 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.
Hlre purchase and leaslng commltments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight
line basis over the period of the lease.
Penslon costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to
the charitable company's pension scheme are chsrged to the Statement of Financial Activities in the
period to which they relate.
Page 23
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - contlnued
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impaimients are also reviewed for
possible reversal 8t each reporting date.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the entty becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any
related transaction costs, unless the arrangement constitutes a financing transaction, where it is
recognised at the present value of the future payments discounted at a market rate of interest for a
similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impaimient at the end of each reporting date. If there is objective evidence of impairment, an
impaimient loss is recognised under the appropriate heading in the statement of financial activities in
which the initial gain was recognised.
For all equty instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impaiment. other financial assets are either assessed
individually or grouped on the basis of similar credit risk characteristics.
Basls of consolldatlon
The consolidated financial statements incorporate the financial statements of the charitable company
and all group undertakings. These are adjusted. where appropriate, to conform to group accounting
policies. Acquisitions are accounted for under the acquisition method and goodwill on consolidation is
capitalised and written off over twenty years from the year of acquisition. The results of companies
acquired or disposed of are included in the profit and loss account after or up to the date that control
passes respectively. As a consolidated profit and loss account is published, a separate profit and loss
account for the parent company is omitted from the group financial statements by virtue of section 408
of the Companies Act 2006.
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donations
20,911
33,009
INVESTMENT INCOME
31.3.24
31.3.23
Rents received
Page 24
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM CHARITABLE ACTIVITIES
31.3.24
31.3.23
Restart
Carelink
Money
Matters
Spiritual
Development
Hawes
Street
Houslng
Total
Total
Charltable
activities
2,334,690
216,785
314,523
22,863
93,418 2,982.279
2.476,035
nal sed
Unrestricted
funds
Restricted
fund
2,060,932
1,569
2,930
2,009
93,418 2,160,858
1,743,515
273,758
215,216
311,593
20,854
821,421
732,520
2,334,690 216,785
314,523
22,863
93,418 2,982,279
2,476,035
Included in restricted funds above is:
Big Lottery Fund Reaching Communities Fund (Restart) - £99,223
National Lottery Cost of Llvlng Fund (Money Matters)- £72,019
Natlonal Lottery Know Your Nelghbourhood Fund (Carelink)- £15,393
Included in the Restart project Income is a significant amount of Income received vla Houslng Benefit. The
above excludes internal transfers whlch are shown in the notes to the financial statements.
Page 25
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIALSTATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
EXPENDITURE FROM CHARITABLE ACTIVITIES
31.3.24
31.3.23
Restart
Carellnk
Money
Matters
Spiritual
Development
Hawes
Street
Houslng
Total
Total
Charltable
activitles
1.752,915
196,189
313,999
36,445
37,310 2,336,858
2,078,752
Anal sed
Unrestrlcted
funds
Restricted
fund
1.471,464
228
37,310 1,509.002
1,391,545
281,451
196,189
313,999
36,217
827,856
687,207
1.752.915 196,189
313,999
36,445
37,310 2,336,858
2,078,752
Included In rostricted funds above Is:
Big Lottery Fund Reaching Communitles Fund (Restart) - £99,223
Natlonal Lottery Cost of Living Fund (Money Matters)- £72,019
Natlonal Lottery Know Your Nelghbourhood Fund (Carellnk) - £15,393
Included In the above Restart project costs is a significant amount of costs in relation to Houslng Costs. The
above excludes internal transfers which are shown in the notes to the financial statements.
Page 26
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS
Governance
costs
Management
Finance
Totals
Other resources expended
371,498
1,451
406 247
Support costs are allocated to charitable activities, as follows..
31.3.24
31.3.23
Carelink CCG
Spiritual development
Know Your Neighbourhood
Hawes Street Housing
Money Matters - CAB
Money Matters - Santander
Restart
BLF Reaching COMMS
Changing Futures
Charles Hayward
NSCHTICDAS
Nationwide Community Grant
SOT household support fund
Carelink NHS charities together
Money Matters National Lottery
Money matters Independent Age Grant
Chaplaincy
Money Matters - Trussell trust pathfinder
Benefact Awards for All
Housing benefrt for the community
Carelink VCIKoku Project
39,215
11,722
4,530
2,260
4,430
8,951
183,119
29.161
5,597
29,464
10,516
8,616
12,121
170,016
15,342
8,742
7,630
16,872
24,411
6,947
1,642
5,987
15,837
6,614
8.750
14.716
7.672
22,562
1.364
1,683
10,468
1,976
8,614
13.405
406,247
316.900
Support costs, included in the above, are as follows:
31.3.24
Other
resources
expended
31.3.23
Total
activities
Wages
Pensions
Other operating leases
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Rent
Repairs and renewals
278,035
3,664
2,502
389
1,873
2,337
25.604
12,334
312
3,964
232,499
4,241
1,070
(1,572)
1,372
1,998
11,395
4,852
1,865
2,338
5,417
Carried forward
336,431
263,237
Page 27
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS - continued
31.3.24
other
resources
expended
31.3.23
Total
activities
Brought forward
Bad debts
Travel costs
Depreciation of tangible and heritage
assets
Interest payable and similar charges
Bank charges
Auditors, remuneration
Professional and legal fees
336,431
263,237
(164)
2.332
2,926
7,483
24,658
1,451
11,646
21,652
13,599
17,247
1,539
3,669
15,441
406.247
316,900
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(¢rediting)'.
31.3.24
31.3.23
Depreciation - owned assets
Other operating leases
27,059
30,121
1,070
AUDITORS. REMUNERATION
31.3.24
31.3.23
Fees payable to the charity's auditors for the audit of the charity's
financial statements
11,646
3,669
10. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees. travel expenses
31.3.24
31.3.23
Trustees, travel expenses
387
Page 28
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
11. STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Other pension costs
278.035
3,664
232,499
4,241
281,699
236,740
In addition to the staff costs above, wages and salaries of £1,084,450 (2023.. £973,442) and other
pension costs of £17,275 {2023'. £15,284} have been directly attributed to the charitable activities
costs within note 6 to the financial statements.
The average monthly number of employees during the year was as follows:
31.3.24
47
10
31.3.23
47
Employees
Trustees
57
53
The number of employees whose employee benefrts (excluding employer pension costs) ex￿eded
£60,000 was:
31.3.24
31.3.23
£60.001- £70,000
Key management personnel include all persons that have authority and responsibility for planning,
directing and controlling the activities of the charity. The total compensations paid to key management
personnel for service provided to the charity was £164.902 (2023: £114,373).
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Income from charftable actlvltles
31.3.23
Restart
Carelink
Money
Matters
Spiritual
Development
Total
Charitable
activities
2,006,165
194,338
243,257
32.275
2,476,035
Anal sed
Unrestricted
funds
Restricted
fund
1,732,198
6,627
4.690
1,743,515
273,967
187,711
243,257
27,585
732,520
2,006,165 194,338
243,257
32,275
2,476,035
Page 29
continued...

SALTBOX
NOTES TO THE CONCOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued
8nditure on Charltable Actlvltles
31.3.23
Restart
Carelink
Money
Matters
Spiriiual
Development
Total
Charitable
activities
1.638,191
158.563
238,630
43,368
2,078,752
Anal sed
Unrestricted
funds
Restricted
fund
1,382,767
1.158
7,620
1.391,545
255,424
157,405
238,630
35,748
687,207
1638,191
158.563
238 630
43,368
2,078 752
Included In restricted funds above is:
Big Lottery Fund Reaching Communities Fund (Rest8rt) - Income and expenditure of £106,503
Page 30
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
13. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold Leasehold
property
property
Motor
vehicles
Computer
equipment
Totals
COST
At 1 April 2023
Additions
Revaluations
697,000
474,343
1,190 657
83,765
5,051
51,075
7,794
42,866
5,363
874,706
972,551
1190,657
480,000
At 31 March 2024
2.362,000
480,000
58,869
48,229
3 037,914
DEPRECIATION
At 1 April 2023
Charge for year
57,520
15,558
45,825
40,283
6,927
143,628
27,059
At 31 March 2024
73,078
170,687
NET BOOK VALUE
At 31 March 2024
2,362,000
480,000
15,738
8,470
1.019
2,867,227
At 31 March 2023
697,000
26,245
2,583
731,078
1￿ DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
Other debtors
Prepayments and accrued income
23,593
6,710
45,778
44,728
6,300
39,483
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Other loans (see note 17}
Trade creditors
Other creditors
Accruals and deferred income
57,381
15,742
23,885
393 628
55,685
24,489
22,842
295,563
490,636
398 579
Included within the accruals and deferred income is deferred income of £345,358 (2023: £288,722).
Within the current reporting period the following adjustments to deferred income were made, amounts
released to income in respect of previous periods £288,722 (2023.. £263.132) and income deferred in
the current year £345,358 (2023.. £288,722).
Page 31
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24
31.3.23
other loans (see note 17)
391,344
443 127
17. LOANS
An analysis of the maturity of loans is given below:
31.3.24
31.3.23
Amounts falling due within one year on demand:
other loans
57.381
55,685
Amounts falling be￿een one and years:
Other loans - 1-2 years
57,056
57,845
Amounts falling due be￿een and five years..
other loans - 2-5 years
122 365
152,041
Amounts falling due in more than five years..
Repayable by instalments:
other loans more 5yrs instal
211,923
233,241
The company has the following loans:
A variable rate loan of £350,000 at a rate of 5.650/ts repayable by monthly instalments of £2,810 to
April 2035.
A fixed rate loan of £75,000 at a rate of 6.5 /0 repayable by monthly instalments of £1.299 to June
2027.
A fixed rate loan of £75,000 at a rate of 3 % repayable by quarterly instalments of £5,150 to December
2024.
A variable rate loan of £57,500 at a rate of 5.650/0 repayable by monthly instalments of £629 to March
2031.
A variable rate loan of £56,000 at a rate of 5.650/0 repayable by monthly instalments of £609 to March
2033
Page 32
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - cont5nued
FOR THE YEAR ENDED 31 MARCH 2024
18. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
31.3.24
31.3.23
Within one year
Be￿een one and five years
In more than five years
23.097
100.195
25,000
23,097
98,293
148,292
171,390
19. SECURED DEBTS
The following secured debts are included within creditors:
31.3.24
31.3.23
other loans
448,725
498,812
A legal charge exists in favour of Methodist Chapel Aid Limited dated 13 May 2020 over the following
freehold land and buildings known as Bemersley House, Gitana Street, Stoke-on-Trent, ST11 DY.
A legal charge exists in favour of Methodist Chapel Aid Limited dated 9 March 2021 over the following
freehold land and buildings known as 16 Glendale Street, Burslem, ST16 2EP.
A legal charge exists in favour of Methodist Chapel Aid Limited dated 31 March 2021 over the
following freehold land and buildings known as 42 Crystal Street, Cobridge, Stoke-on-Trent, ST6 2PF.
A legal charge exists in favour of Methodist Chapel Aid Limited dated 31 March 2023 over the
following freehold land and buildings known as 32 Samuel Street, Packmoor, Stoke-on-Trent, ST7
4SR.
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
fund
fund
Fixed assets
Current assets
Current liabilities
Long temi liabilities
2,867,227
1,159,037
{490,636)
391,344)
2,867,227
1,159,037
{490,636)
391,344)
731,078
643,686
(398,579)
443,127)
3 144,284
3,144,284
533,058
Page 33
continued..

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
21. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
533,058
2,367,661
243,565
3,144,284
Restrlcted funds
Restricted Funds
243,565
(243,565)
TOTAL FUNDS
533.058
2.611.226
3,144 284
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Funds from acquisition of subsidiary
Gains on revaluation of fixed assets
2,186,109 (1,915,249)
906,144
1,190,657
270,860
906,144
1,190,657
4,282,910
{1,915.249) 2,367,661
Restricted funds
Restricted Funds
Funds from acquisition of subsidiary
821,421
250,000
(827,856)
(6.435)
250,000
1,071,421
(827,856)
243,565
TOTAL FUNDS
5 354 331
2,743.105) 2 611226
The unrestricted funds consist of £933,010 (2023- £754,663) in relation to the Restart project
Comparatlves for movement In funds
Net
movement
in funds
Transfers
be￿een
funds
At
31.3.23
At 1.4.22
Unrestrlcted funds
General fund
416,646
71,099
45,313
533,058
Restricted funds
Restricted Funds
45,313
(45,313)
TOTAL FUNDS
416 646
116.412
533,058
Page 34
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
21. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
1,779,544
(1.708,445)
71,099
Restricted funds
Restricted Funds
732.520
(687,207)
45,313
TOTAL FUNDS
116412
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.22
Unrestrlcted funds
General fund
416,646
2,438,760
288,878
3,144,284
Restrlcted funds
Restricted Funds
288,878
(288.878)
TOTAL FUNDS
416,646
2,727.638
3.144 284
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Funds from acquisition of subsidiary
Gains on revaluation of fixed assets
3,965,653
906,144
1,190,657
(3.623,694)
341,959
906,144
1,190.657
6,062,454
(3,623,694)
2,438,760
Restrlcted funds
Restricted Funds
Funds from acquisition of subsidiary
1,553,941
250,000
(1,515.063)
38,878
250,000
1,803,941
(1,515,063)
288,878
TOTAL FUNDS
7,866,395
5,138,757)
2 727,638
Page 35
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
22. CONTINGENT LIABILITIES
Rent due on properties for Restart Tenants is viewed as not material to the accounts because the
income would offset the expenditure.
23. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
POST BALANCE SHEET EVENTS
There were no material events up to the date of approval of the financial statements by the Board of
Trustees.
25. BUSINESS COMBINATIONS
On 1st April 2023, Saltbox acquired Hawes Street Housing (HSH> as a wholly owned subsidiary
(charity number 1076383, company limited by guarantee number 02328684 and Registered Provider
of Social Housing number 4707). HSH provides social housing in Staffordshire, primarily in the area
of Tunstall, with 28 units of housing for tenants in 27 properties (one being split into 2 flats). HSH
owns the freehold of 22 units with 6 units on a long leasehold from Stoke-on-Trent City Council.
As a result of this acquisition the consolidated financial statements have been prepared under the
acquisition method of acLounting. The comparative financial statements show the individual
charitable company figures for Salibox and not the group.
Page 36