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 2025
FOR
SALTBOX
(A COMPANY LIMITED BY GUARANTEE)

SALTBOX
CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 31 March 2025
Page
Report of the trustees
1 to 13
Report of the Independent audltors
14 to 17
Consolidated statement of financlal activities
18
Charity statement of financial posltlon
19
Consolldated statement of financial posltion
20
Statement of cash flows
21
Notes to the statement of cash flows
22
Notes to the financlal stat6ments
23 to 36

SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
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 2025. 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
Objectives and aims
Saltbox's objectives are to:
1. Support and encourage the work of the church and to promote Christian values in society
2. Provide infrastructure assistance 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
ne￿OrkS to support, encourage and share best practi
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 Housing (HSH)
Objectlves and aims
HSH'S objectives are to:
1. Provide social housing and any associated amenities, services or assistance for people in necessitous
circumstances on terms appropriate to their means.
2. Provide specially designed or adapted social housing and associated amenities. services or assistsnce for
people who need it or them because of chronic sickness, age or mental or physical disabilities,.
3. Provide social 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 public in England and Wales.
Slgnificant actlvities
We constantly monitor our activities and progress and review our strategic objectives on an annual basis. We
continue to make significant progress in the achievement of our objectives, which are further detailed in the
Review of Activities.
The trustees have carefully considered the requirement ft)r 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 Saltbox, have continued and are likely to do so in the future. The
activities of Saltbox which have contributed to the public benefit are summarised as follows:
The provision of housing and rehabilitation services for the homeless or those at threat of homelessness
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 2025
ACHIEVEMENTS AND PERFORMANCE
Group Revlew of Actlvltles 2024125
Splritual Development
Throughout the year Saltbox continued to offer help and support in order to provide 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 atthe Beacon House of Prayeron Tuesday mornings. Itwas encouraging to see numbers of leaders
meeting in person to worship 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 Breakfast which took
place on 10 May 2024. The guest speaker was Rt Rev Jan MacFarlane, Dean of Lichfield Cathedral. There
was also an interview with Jonathan Bellamy, chair of the S-O-T Business Improvement District. About 370
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 2024 to March 2025. Saltbox organised three City Celebrations which all took place at Swanbank
Methodist Church. Burslem..
o In September 2024, Simon Edwards, the founder of Walk Ministries was interviewed and worship was led
by James Adams.
o In January 2025, at the New Year celebration, Paul Critchley led worship and the Bishop of Stafford, Mathew
Parker was the guest speaker.
o In April 2025, the guest speaker was Pastor Ali Summers from Rising Brook Community Church, Stafford
with Paul Critchley providing the worship.
At the start of 2025, Saltbox announced the organising of four Saturday morning prayer breakfasts. The first
of these took place in March 2025 at the Beacon House of Prayer.
Following the tragic deaths of children in Southport, serious disturbances took place in the Stoke-on-Trent city
ntre on 3 August 2024. In response to this, a week later Saltbox organised a unity gathering of different faith
leaders where over 60 people of different faiths joined together to express their desire for love and unity.
Saltbox also organised a follow up event in November2024 and another in April 2025. Saltbox's role in bringing
different faith leaders together was recognised as very important. As a Consequence, Saltbox was asked by
the City Council if it would host a community cohesion meeting with the Deputy Prime Minster. Angela Rayner
MP. Saltbox 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 community
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-Trenfs
emergency support response to those struggling increasingly with issues linked to the ongoing cost of living
crisis.
Page 2

SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
A growing number of regional, national and international opportunities allowed Saltbox to increase its
engagement with various national and international organisations including the NAYBA Network, the Gather
NeI￿ork, Movement Day UK and the World Prayer Centre. The Saltbox CEO spent significant time engaging
nationally and internationally to work collaboratively in sharing positive faith-based responses to the various
challenges fa￿d by communities. Saltbox's work is increasingSy seen as a model of good practice for those
faith-based organisations 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.
Social responsibillty
Saltbox's social responsibility function delivers servi￿$ that meet the needs of vulnerable adults, provides
support to grassroots initiatives and works within strategic partnerships to help bring about beneficial change.
We are keen to identify gaps in current service 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.
Carelink
CareSink connects isolated older people with their community, maintaining connections that benefittheir health,
wellbeing and independence to live well at home. Our over 65's befriending and intervention service aims to
address needs and issues around loneliness and isolation along 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 servi￿, Chatty Cafés, day trips, KOKU digital exercise platform, health and wellbeing
monitoring, advocacy. social events, digital technology sessions, and volunteering opportunities.
Carelink has supported 437 people throughout the year. Many of these re￿iVed regulartelephone befriending
Calls from our volunteers, with 11,490 Keep In Touch calls taking pla￿. Over the year, 52 people have
volunteered with us making calls and helping with our Chatty cafes, trips and KOKU sessions, providing 4,477
volunteer hours, and we are immensely grateful for all the support they provide to our clients. Over the year,
262 of our clients required additional support intervention.
In order to help people increase their Confiden￿ to go out, we have run Chatty Cafes in 3 venues (142 group
sessions in total) and have organized 14 monthly trips for clients. We also provided bespoke digital support
through our Connect Cafes and one-to-one support with a total of 12 Connect club sessions and 187 one to
one support sessions over phone and fa￿ to face.
In partnershipwith the University of Manchester, we have run 133 group sessions using the digital app"KOKU"
(Keep On Keep Up), which supports the physical health of older people living at home, managing their long
term conditions, increasing mobility, strength and balance, thereby 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.
As we come to the end of this year, with sadness, we have received the news that the ICB will not be continuing
with their funding to Carelink. However, we remain hopeful that further funding will be granted to continue this
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.
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SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Restart
Restart continues to run as a supported housing service 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 240 individuals. Across the 12 months, 30 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 25 % of Servi￿ leavers who have been supported to this positive outcome.
As well as the team of supportworkers, the team is supported by input from our Chaplain, Client Development
Facilitator, Reconnect Worker and Dual Diagnosis Team. These roles provide more specialised interventions,
contributing to the perS0n-￿ntred support offered to residents based on their specific set of needs.
We continue to work closely with partners, seeing most of the 1.200 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
key role in the Changing Futures Programme which is active in the city supporting individuals facing multiple
disadvantage.
All of this is supported by our Propety 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. The work of the Property Services Team also includes regular property checks to ensure that our
properties meet the various health & safety requirements and are compliant with the De￿nt Homes Standard.
We have worked hard to ensure compliance across a variety of codes and standards. These include the
Regulator of Social Housing's Consumer & Economic Standards, and the Housing Ombudsman's Complaint
Handling Code.
As part of this, we have conducted a set of Tenant Satisfaction Measures which demonstrated our resident's
satisfaction with the service provided. Some highlights of the results include 920/0 satisfaction with the overall
service, 940/0 of respondents satisfied that Restart listens to their views and acts upon them, and 950/0 of
respondents satisfied that Restart treats them fairly and with respect. These results are a testament to the
quality of service provided.
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 forward with a holistic and person-centred
supported accommodation service.
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SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Money Matters
Various organisations and charitable trusts provide funding for Money Matters with the aim of improving
financial capability through money management, benefits and debt advice, along with bespoke digital and
budgeting support, to ensure the positive outcomes are sustained. During the year, grants and donations
have been received from the Stoke-on-Trent Foodbank & Trussell Trust, the Santander Foundation, Benefact
Trust, Stoke-on-Trent City Council's Household Support Fund, UKSPF, Glasspool Flexible Frontline 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, and Glasspool
Flexible Frontline Fund which can be used to support clients with purchases of a range of items.
We completed our 3rd and final year of funding from Stoke-on-Trent ft)odbank through Trussell's Pathfinder
program, continuing with our Admin support and Debt Adviser roles and expenses for volunteers. We also
completed our final year with Santander, through their "Inspiring Digital for Financial Recovery Fund, which
aimed to enhance the service further and upskill those currently financially excluded and requiring longer-term
support due to a lack of digital skills. Both staff from this latter project have now moved on elsewhere.
Additional funding through the Benefact Trust part-funded 2 roles: a full-time Welfare Benefits adviser and a
part-time Debt Casework Assistant for a 2nd year. We were also able to fund a specialist Benefits adviser for
10 hourslweek through underspend from other funds, and a Grant Fund Coordinator to help administer the
HSF funding.
During this year, we completed a partnership project funded through UKSPF and HSF from SOT City Council
delivering Money MOT'S across the City. These funds have both supported the staffing costs of these projects
whilst achieving the targets and outcomes of the grants. Due to the impressive results of this project we have
been funded to keep delivering this for another year.
Over the last year, we held 475 sessions at Foodbanks providing 4,259 client interventions. We worked on
135 benefits cases and 67 debt cases. Through our work, £295,298 of debt was written off, £3,225,223 worth
of welfare benefits were realised, and we helped people access £100,679 in grants and donations. We
distributed 97 fuel vouchers through Fuel Bank Foundation and £150,000 of Household Support Fund in the
form of supermarket & fuel vouchers, as well as £50,000 worth of grants through Glasspool.
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..
o Stoke-on-Trent City Council (including Adult Social Care, Housing and Public Health directorates)
o Staffordshire County Council
o NHS (including ICS, ICB, MPUFT, UHNM)
o Stoke-on-Trent Healthwatch
o Staffordshire Police
o Staffordshire Probation Service
West Midlands Probation Service
o Ministry of Justice
o VAST
o Voluntary Sector Chief Officers, Group
o Citizens, Advice Bureau Stoke & North Staffs
o Staffordshire Age UK
Page 5

SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
o Disability Solutions
o S-O-T Hardship Commission
o S-O-T Wider Welfare Refomi Group
o S-O-T Financial Inclusion Group
o Trussell Trust & Stoke-on-Trent Foodbank
o Staffordshire University
o Keele University
o Stoke-on-Trent College
Stoke-on-Trent Homeless Forum
Sentinel newspaper
o BBC Radio Stoke
o Signal Radio
o Cross Rhythms Community Radio
o United Christian Broadcasters
o City Faith Link Forum
o Connect Leaders, Meeting
o World Prayer Centre
o NAYBA
o Gather NeI￿Ork
o 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 guarantee number02328684 and Registered Providerof Social Housing
number 4707).
HSH provides social housing in Staffordshire, primarily in the area of Tunstall, with 29 units of housing for
tenants in 28 properties (one being split into 2 flats). HSH owns the freehold of 23 units with 6 units on a long
leasehold from Stoke-on-Trent City Council.
Significantwork has continued overthe last 12 months to ensure that HSH is compliant with various standards
and codes. This has included ongoing self-assessment against the Regulator of Social Housing's Consumer
& Economic Standards and submission to the Housing Ombudsman under the Complaint Handling Code.
HSH continues to maintain its properties to a high standard. The Saltbox Property Services Team take
responsibility for the ongoing maintenance of properties, and the HSH Board of Trustees approve an annual
Planned Maintenance programme. Through our annual tenancy visits and property inspections, we identified
that all of our properties were compliant with the Decent Homes Standard.
As part of HSH'S responsibility as a registered provider of social housing, we take our responsibilities in the
local community very seriously. In the last 12 months we organised a community clean up day in partnership
with Restart. and we have worked with the local authority to house a family who were priority on the housing
list. This work will continue to progress as we continue to make a positive impact in the community of Tunstall.
Page 6

SALTBOX
REPORT OF THE TRUSTEES
for the Yoar Ended 31 March 2025
FINANCIAL REVIEW
Flnancial posltion
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 31st March 2025 show a surplus of £129.502
(2024: surplus of £264,425). 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 2025126 Saltbox 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
fomard to achieve new grant income and other funding.
FINANCIAL REVIEW
Princlpal 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 enhan￿d housing
benefit income for Restart clients to enable Saltbox 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
re￿Ipt of this.
Total 5ncoming resources during the year increased to £3,036,813 compared with £3.007,530 in the previous
year.
Alongside individual donors and churches, Saltbox acknowledges with gratitude the financial support received
from the following funders:
Core Funding & Spiritual Development:
Trentham Parish Church £3,500, The Potters House Church £1,200 Stoke North Methodist Church £600, St
Matthias PCC and other local North Staffordshire churches amounting to £526.
Page 7

SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
FINANCIAL REVIEW
Prlncipal fundlng sources
Carellnk:
Second year of funding of £24,379 from NHS Charities Togetherlcaptain Tom's fund towards a Carelink
Engagement Coordinator and £29,511 from the National Lottery Know Your Neighbourhood Fund. Carelink
also received £10,000 from SOT CC for the KOKU project and an annual grant of £104,666 from the NHS
Integrated Care Board (of which the latter grant will cease at 3010912025)
Money Matters:
Santander Foundation £50,000, Trussell TrusVFoodbank Pathfinder Project £55,916, Awards for All £10,000,
Benefact Trust £14,000, Good Things Foundation £2,400 and SOT CC UKSPFIHousehold Support Fund
£54,682 towards the Money MOTS partnership project.
Restart:
National Lottery Fund £499,777 (a new 4 year grant commencing from 0110112025), Methodist District
Association Fund £25,000, B&Q Foundation £9,980, Nationwide Community Fund incremental grant £19,965,
Hinchley Charitable Trust £7,500, and 29th May 1961 Charitable Trust £3.000.
Grants for individuals:
We also re￿iVed £150,000 from the Household Support Fund towards supporting local people with energy
bills, food and care packages through the cost of living and energy crisis and the Glasspool Charitable Trust
awarded us £50,000 towards supporting local people with a range of costs.
Expendlture:
Total resources expended for the year was £2,907,311 compared with £2,743,105 in the previous year.
Balance Sheet:
Total funds at 31st March 2025 were £3.273,786 (2024.. £3,144,284) of which Restricted funds were:
£nil (2024.. £nil). Un-restricted funds were.. £3,273,786 (2024.. £3.144,284)
Cash at Bank and in hand was £950,236 (2024.. £1,082,956) 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 2025
FINANCIAL REVIEW
Funds held as Custodian 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 the balance sheet, which appears in other creditors and does not form part of the charity's own
funds. At 31103125 no funds were held on behalf of other organisations {2024: £nil).
Reserves policy
Future Proofing the Charlty's Service Provlsion
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 services, support and activities to our clients and
customers (particularly in void income periods which arise be￿een funding switches) as well as to provide a
level of protection to our funders.
Contingency Policy
Unrestricted reserves are maintained to enable the charity to manage its ongoing cash flow position,
particularly as funding terms 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 £818,446 of which we currently hold £3,273,786 (2024: £3,144,284). Restricted funds relate
to any funds specifically provided under the terms and conditions of specific grant or trust funds. At 31 st March
2025, restricted funds amounting to £nil were held.
Investment policy and objectives
In accordance 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
On 29th August 2025. Saltbox acquired a further 2 properties in its Restart portfolio at a cost of £180,000. A 10
year loan of £126,000 has been agreed with Methodist Chapel Aid (MCA) to be repaid on a monthly basis over
the term. MCA have required a legal charge to be in pla￿ as security for the loan.
There have been no other material events after the end of the reporting period.
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SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
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 governing 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.
Recruitment and appointment of new trustees
The election or appointment of trustees is set out in the Articles of Association of Saltbox and HSH.
Organlsational structure and declslon making
The Board of trustees of Saltbox 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 and
material interests by the Company Secretary and this record is available on request.
Induction 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 seNe 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 remuneration
The senior management team are responsible for the performance of the charity in their respective service
area, ensuring that all 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 partles
Saltbox and HSH have intercompany transactions which are eliminated for the purposes of the Consolidated
Group Report & Accounts
Other related party transactions include employee benefits for key management personnel and trustee
expenses for travel costs incurred by G Bond of £284.
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SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk 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 pla￿ to provide reasonable assurance against fraud and error. The risk
management reporting framework adopted by the Trustees includes the following:
o 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.
o Preparation and presentation of the monthly management accounts and cash flow position to Trustees at
each Board meeting, to ensure that the charity has sufficient funds for a period of 12 months or more.
o 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.,
o 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 uncertalnties
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
Roglstered Company number
Saltbox 06427360 (England and Wales) HSH 02328684 (England and Wales)
Reglstered Charity number
Saltbox 1121832
HSH 1076383
Reglstered office
Bemersley House
Gitana Street
Hanley
Stoke-on-Trent
ST11DY
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SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
Trustees
Saltbox
Mr B R Barber
Revd P J Barber
MrGDBond
Dr M A Chilaka
Mr M W Holland
Revd D Street
Mr. S J Webster
HSH
J Gerrard (resigned 7th October 2024)
P Harley (resigned 11th June 2025)
M W Holland
P J Madden
C D Mcmain
GDBond
Company Socretary
Mr L Cooke
Auditors
Sumer Auditco Limited
Chartered Accountants & Statutory Auditors
Stone House
Stone Road Business Park
Stoke-on-Trent
ST4 6SR
Sollcitors
Nowell Mellor Solicitors
Imndsor House
5a King Street
Newcastle-under-Lyme
ST5 1EH
Anthony Collins Solicitors
134 Edmund Street
Birmingham
B3 2ES
Keelys LLP
28 Dam Street
Lichfield
staffordshire
WS13 6AA
Bankers
Unity Trust Bank
9 Brindley Place
Birmingham
812HB
HSBC Bank plc
64 High Street
Newcastle-Under-Lyme
Staffordshire
ST5 1QN
Page 12

SALTBOX
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
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 ft)r that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
observe 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 information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Sumer Auditco Limited, will be proposed for re-appointment at the forthcoming Annual General
Meeting.
Approved by order of the board of trustees on 25th September 2025 and signed on its behalf by..
Mr G D Bond - Trustee
Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SALTBOX
Oplnion
We have audited the financial statements of Saltbox (the 'charitable company,) and its subsidiary for the year
ended 31 March 2025 which comprise the consolidated Statement of financial activities, the consolidated
Statement of financial position, the consolidated 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 group's and parent charitable company's affairs as at
31 March 2025 and of its incoming resources and application of resources, including its income and
expenditure, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis 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 group and parent
charitable company in accordan￿ 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
conditions that, individually or collectively, may cast significant doubt on the group and parent 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 information
The trustees are responsible for the other infonnation. The other information comprises the information
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
otherwise explicitly stated in our report, we do not express any form 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 otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a
material misststement in the financial statements themselves. If, based on the work we have performed, 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.
Opinions on other matters prescrlbed by the Companles 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 requlred to report by exception
In the light of the knowledge and understanding of the group and parent charitable wmpany and its
environment obtained in the course of the audit, we have not identified material misststements 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.
Responslbllities of trustees
As explained more fully in the Statement of twstees, 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 internal 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 trustees are responsible for assessing the group's and parent
charitable company's ability to continue as a going COn￿rn, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to liquidate the
group or parent charitable company or to cease operations. or have no realistic alternative but to do so.
Our responsibilitles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors
that includes our opinion. Reasonable assuran￿ 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, individualSy 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 extent to which our prO￿dureS 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 audit procedures responsive to those risks, including obtaining audit
evidence that is sufficient and appropriate to provide a basis for our opinion
Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SALTBOX
Identifylng and assessing potentlal risks related to Irregularities
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 sector, control environment and business performance including the design of the
charity's remuneration policies, bonus levels and performance 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 charities documentation of their policies
and prO￿dureS 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 charity's 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.
Audlt responses to risks identlfled
During the planning stage of the audit, the sUs￿Ptibl1itY 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
financial statements.,
perfoming cut-off tests to ensure income is recognised in the appropriate accounting period.,
enquiring of management con￿mIng actual and potential litigation and claims.,
performing analytical 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
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.
Page 16

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SALTBOX
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 example, 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.
As part of an audit in accordance with ISAS (UK). we exercise professional judgement and maintain
professional s￿PtI¢lsM throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the charity's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees I directors.
Conclude on the appropriateness of the trustees I directors, use of the going concern basis of
accounting and, based on the audit eviden￿ obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the group or the parent charitable company's
ability to continue as a going cOn￿rn. If we conclude that a material uncertainty exists, we are
required to draw attention in our Report of the Auditors to the related disclosures in the financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our Report of the Auditors. However, future events or
conditions may cause the group or the parent company to ￿ase to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial ststements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in
a manner that achieves fair presentation.
Obtain sufficient appropriate audit eviden￿ regarding the financial information of the entities or
business activities within the charitable group to express and opinion on the consolidated financial
statements.
We communicate with those charged with governance regarding, among other matters, the planned scope
and timing of the audit and significant audit findings, including any significant deficiencies in internal control
that we identify during our audit.
Use of our report
This report is made solely to the charitable company and group'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 and group'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 group company's members as
a body, for our audit work, for this report, or for the opinions we have formed.
3urYYor Q a,VcO
Helen Tidyman (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited
Chartered Accountants & Statutory Auditors
Stone House
stone Road Business Park
Stoke-on-Trent
ST4 6SR
Page 17

SALTBOX
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
for the Year Ended 31 March 2025
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Investment income
18,665
2,311.307
6,000
18.665
3,012,148
6,000
20,912
2,982,278
4,340
700,841
Total
2,335,972
700,841
3,036 813
3,007 530
EXPENDITURE ON
Charitable activities
Support costs
1,765,431
407,831
734,049
2,499,480
407,831
2,336,858
406,257
Total
2,173,262
734.049
2,907,311
2,743,105
NET INCOMEI(EXPENDITURE
Gains on revaluation of fixed assets
Transfers between funds
162,710
(33,208)
129,502
264,425
1,190,657
21
33,208)
Net movement In funds
129,502
129.502
1,455.082
RECONCILIATION OF FUNDS
Total funds brought foNard
Acquisition of Hawes Street Housing
3,144,284
3,144,284
533,058
1,156,144
TOTAL FUNDS CARRIED FORWARD
3,273,786
3,273,786
3.144,284
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
CHARITY STATEMENT OF FINANCIAL POSITION
31 March 2025
31.3.25
31.3.24
Notes
FIXED ASSETS
Tangible assets
13
901,115
722,227
CURRENT ASSETS
Debtors
Cash at bank and in hand
14
86,986
703,942
69,239
847,954
790,928
915,193
CREDITORS
Amounts falling due within one year
15
{346,589}
(474,800)
NET CURRENT ASSETS
444,339
440,393
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,345,454
1,162,620
CREDITORS
Amounts falling due after more than one
year
16
(465,168}
(391.344)
NET ASSETS
880,286
771276
FUNDS
Unrestricted funds
21
880 286
771,276
TOTAL FUNDS
880,286
771,276
The financial statements were approved by the Board of Trustees and authorised for issue on 25th September
2025 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 FINANCIAL POSITION
31 March 2025
31.3.25
31.3.24
Notes
FIXED ASSETS
Tangible assets
13
3,046,115
2,867,227
CURRENT ASSETS
Debtors
Cash at bank and in hand
14
98,992
950 236
76,081
1,082,956
1,049,228
1,159,037
CREDITORS
Amounts falling due within one year
15
(356,389)
(490,636)
NET CURRENT ASSETS
692,839
668,401
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,738,954
3,535,628
CREDITORS
Amounts falling due after more than one
year
16
(465,168)
(391,344)
NET ASSETS
3,273,786
3,144.284
FUNDS
Unrestricted funds
21
3,273,786
3,144,284
TOTAL FUNDS
3,273,786
3,144,284
The financial statements were approved by the Board of Trustees and authorised for issue on 251h September
2025 and were signed on its behalf by:
Mr G D Bond - Trustee
The notes form part of these financial statements
Page 20

SALTBOX
CONSOLIDATED STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2025
31.3.25
31.3.24
Notes
Cash flows from operating activities
Cash generated from operations
Interest paid
12,048
32,788)
490,932
24,658)
Net cash (used in)Iprovided by operating activities
20 740)
398,274
Cash flows from Investing activltles
Cash acquired from subsidiary
Purchase of tangible fixed assets
sale of tangible fixed assets
283,291
(99,697)
(198,495)
2,400
Net cash used in investing activities
196 095)
183,594
Cash flows from flnancing activltles
New loans in year
Loan repayments in year
136,500
52,385)
50 086)
Net cash provided byl(used in) financing activities
84,115
50,086)
Change in cash and cash equlvalents
In th& reporting period
Cash and cash equivalents at the
beginnlng of the reportlng perlod
(132,720)
529,781
1,082 956
553 175
Cash and cash equlvalents at tho end
of the reportlng perlod
950 236
1082,956
The notes form part of these financial statements
Page 21

SALTBOX
NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.25
31.3.24
Net income for the reportlng period (as per the Statement of
financial activitles)
Adjustments for:
Depreciation charges
Interest paid
(Increase)Idecrease in debtors
(Decrease)lincrease in creditors
129,502
264,425
17,206
32,788
{22,911)
144,537
27,058
24,658
14,430
90,361
Net cash (used in)Iprovided by operatlons
12,048
420,932
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank and in hand
1,082 956
132,720
950,236
1082,956
132,720)
950,236
Debt
Debts falling due within 1 year
Debts falling due after 1 year
(57,381)
391344
(10.291)
73,824
(67.672)
465,168)
448,725)
84,115)
532 840)
Total
634 231
216 835
417.396
The notes form part of these financial statements
Page 22

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 31 March 2025
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 Wales. The address of the registered office is
Bemersley House, Gitana Street, Hanley, Stoke-on-Trent, Staffordshire, ST1 1 DY.
ACCOUNTING POLICIES
Basis of preparlng the flnanclal ststements
The consolidated financial statements of the charitable company, 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 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 estimation uncertainty
The judgements that management has made in the process of applying the entity's accounting policies
and that have the most significant effect on the amounts recognised in the financial statements are as
follows..
(l) Estimated useful Ilves and residual 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 vaSues 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
eVIden￿d by disposals during the current and prior accounting periods.
(il) Provlslon8
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 Gharity's ability to continue as a going concern.
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 seNices are recognised in the accounts when re￿iVed if the value can be
reliably measured. No amounts are included for the contribution of general volunteers.
Page 23
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - contlnued
Income
income from restricted grants and contracts is accounted for according to the terms and conditions of
the grant or contract, which may be time defined or performan￿ 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 a 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 fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life
Freeholdlleasehold propety
Fixtures and fittings
Motor vehicles
Computer equipment
Not depreciated
20 % straight line
250/0 Straight line
250/0 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 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.
Hire purchase and leaslng commitments
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 charged to the Statement of Financial Activities in the
period to which they relate.
Page 23
continued...

SALTBOX
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
ACCOUNTING POLICIES - contlnued
Impalrment of fixed as8Ots
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 impairments are also reviewed for possible reversal at
each reporting date.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, 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.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised in profit or loss immediately.
Basis of consolidatlon
The consolidated financial statements incorporate the financial statements of the charitabSe 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 ￿enty 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
31.3.25
31.3.24
Donations
INVESTMENT INCOME
31.3.25
31.3.24
Rents received
6,000
4,340
Page 24
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 March 2025
INCOME FROM CHARITABLE ACTIVITIES
31.3.25
31.3.24
Restart
Carelink
Money
Matters
Spiritual
Development
Hawes
Street
Housing
Total
Total
Charitable
activities
2.333,732
201,331
401,337
5.661
70,086 3,012,148
2,982,279
nal sed
Unrestricted
funds
Restricted
fund
2,335,559
5,661
70.086 2,311,307
2,160,858
98,173
201,331
401,337
700,841
821,421
2,333,732
201331
401,337
5,661
70,086 3,012,148
2 982,279
Included in restricted funds above is:
National Lottery Reaching Communities Fund (Restart) - £24,044
National Lottery Awards for All (Money Matters) - £10,000
National Lottery Know Your Neighbourhood Fund (Carelink) - £29,511
Included in the Restart project income is a significant amount of income received via Housing Benefit.
The above excludes internal transfers which are shown in the notes to the financial statements.
EXPENDITURE FROM CHARITABLE ACTIVITIES
31.3.25
31.3.24
Restart
Carelink
Money
Matters
Spiritual
Development
Hawes
Street
Housing
Total
Total
Charitable
activities
1,840,663
196,189
394,145
42,539
38,474 2.499,480
2,336,858
nal sed
Unrestricted
funds
Restricted
fund
1,726,957
38.474 1,765,531
1,509,002
113,706
183,659
394,145
42,539
734,049
827,856
1,840,663
183,659
394,145
42,539
38,474 2.499,480
2 336,858
Included in restricted funds above Is:
National Lottery Reaching Communities Fund {Restart) - £24,044
National Lottery Awards for All (Money Matters) - £10,000
National Lottery Know Your Neighbourhood Fund (Carelink)- £29,511
Included in the Restart project Costs is a significant amount of costs in relation to Housing Costs.
The above excludes internal transfers which are shown in the notes to the financial statements.
Page 25
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
SUPPORT COSTS
Governance
costs
Management
Finance
Totals
other resources expended
374,680
1,592
31,559
407,831
Support costs are allocated to charitable activities, as follows..
31.3.24
31.3.25
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
8enefact Awards for All
Carelink VCIKoku Project
34,760
12,314
8,001
12,443
39,215
11,722
4,530
24,822
4,430
8,951
183,119
29,161
5,597
12,259
240,631
5,932
10,175
24,411
6,947
1.642
5,987
15,837
6,614
8,750
14,716
7,672
2,124
7,078
86
6,507
12,601
9,657
17,094
16,144
407,831
406 247
Support costs, included in the above, are as follows:
31.3.25
other
resources
expended
31.3.24
Total
activities
Wages
Pensions
Other operating leases
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Repairs and renewals
Travel Costs
Depreciation of tangible and heritage
assets
279,318
10,897
2,784
396
2,002
2.792
22,446
2,616
278.035
3,664
2,502
389
1,873
2.337
25,604
12,334
312
3.964
5.417
2,926
13,375
2.936
4,499
6,565
7,483
Carried forward
350,626
346,840
Page 25
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 March 2025
SUPPORT COSTS - continued
31.3.25
Other
resources
expended
31.3.24
Total
activities
Brought forward
Interest payable and similar charges
Bank charges
Auditors, remuneration
Accountancy and legal fees
350,626
24,054
1.592
12,709
18,850
346,840
24,658
1,451
11,646
407 831
406,247
NET INCOMEIIEXPENDITURE
Net incomel{expenditure) is stated after chargingl{crediting)'.
31.3.25
31.3.24
Depreciation - owned assets
Other operating leases
17,207
2,784
27,059
AUDITORS. REMUNERATION
31.3.25
31.3.24
Fees payable to the charity's auditors for the audit of the charity's
financial statements
12,709
11,646
10. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the
year ended 31 March 2024.
Trustees, expenses
During the year a Trustee Mr G Bond was reimbursed for £284 in relation to travel expenses (2023
£387).
11. STAFF COSTS
31.3.25
31.3.24
Wages and salaries
Other pension costs
279,318
10,897
278,035
3,664
290,215
281699
In addition to the staff costs above, wages and salaries of £1,086,146 (2024: £1,084,450) and other
pension costs of £41,926 (2024: £17,275) have been directly attributed to the charitable activities costs
within note 6 to the financial statements.
Page 27
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Endod 31 March 2025
11. STAFF COSTS - contlnued
The average monthly number of employees during the year was as follows:
31.3.25
50
31.3.24
47
Employees
Trustees
57
53
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60.000 was..
31.3.25
31.3.24
£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 seNice provided to the charity was £190,223 (2024: £164,902).
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Income from charitable activities
31.3.24
Restart
Carelink
Money
Matters
Spiritual
Development
Hawes
Street
Housing
Total
Charitable
activities
2,334,690
216,785
314,523
22,863
93,417 2,982,278
nal sed
Unrestricted
funds
Restricted
fund
2,060.932
1,569
2,930
2,009
93,417 2,160,857
273,758
215,216
311.593
20,854
821,421
2,334 690
216,785
314 523
22,863
93,417 2,982,278
Included in restrlcted funds above Is:
Big Lottery Fund Reaching Communities Fund (Restart) - £99.223
National Lottery Cost of Living Fund (Money Matters) - £72,019
National Lottery Know Your Neighbourhood Fund (Carelink) - £15,393
Page 28
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2026
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Ex
enditure on Charitable Actlvltles
31.3.24
Restart
Carelink
Money
Matters
Spiritual
Development
Hawes
Street
Housing
Total
Charitable
activities
1,752,915
196.189
313,999
36,445
37,310 2,336,858
nal sed
Unrestricted
funds
Restricted
fund
1,471,464
228
37,310 1,509,002
281,451
196,189
313,999
36,217
827,856
1,752,915
196,189
313,999
36,445
37,310 2,336,858
Included in restricted funds above Is:
Big Lottery Fund Reaching Communities Fund (Restart) - £99,223
National Lottery Cost of Living Fund (Money Matters) - £72,019
National Lottery Know Your Neighbourhood Fund (Carelink) - £15,393
13. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
propety
Motor
vehicles
Computer
equipment
Charity
Totals
Cost
At 1 April 2024
Additions
Disposals
697,000
191,500
88,816
58,869
6,995
48.229
892,914
198,495
At 31 March 2025
888 500
88,816
63,464
48,229
1,089,009
Depreciation
At 1 April 2024
Charge for year
73,078
50,399
3,847
47,210
340
170,687
17,207
At 31 March 2025
86,098
54,246
187 894
Net book value
At 31 March 2025
888,500
2,718
9.218
679
901,115
At 31 March 2024
697.000
15,738
8,470
1,019
722,227
Page 29
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
13. TANGIBLE FIXED ASSETS- continued
Group
Fixtures
and
fittings
Freehold Leasehold
property property
Motor
vehicles
Computer
equipment
Totals
COST
At 1 April 2024
Disposals
Additions
2,362,000
480,000
88,816
58,869
(2,400)
6,995
48,229
3,037,914
(2,400)
198495
191500
At 31 March 2025
2,553,500
480,000
63,464
48.229
3,234,009
DEPRECIATION
At I April 2024
Charge for year
73,078
13,020
50,399
47,210
340
170.687
17.207
At 31 March 2025
54,246
47,550
187,894
NET BOOK VALUE
At 31 March 2025
2,553 500
480,000
2,718
679
3046115
At 31 March 2024
2,362,000
15,738
8,470
1,019
2,867,227
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- charlty
31.3.25
31.3.24
Trade debtors
other debtors
Prepayments and accrued income
41,628
6,300
39,058
23,593
6,300
37,346
86,986
67,239
Page 30
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 March 2025
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR -group
31.3.25
31.3.24
Trade debtors
other debtors
Prepayments and accrued income
41,628
7,920
49,444
23,593
6,710
45.778
76,081
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR -charity
31.3.25
31.3.24
Other loans (see note 17)
Trade creditors
Other creditors
Accruals and deferred income
67,672
14,225
32,387
232,305
57,381
15,742
23,885
377 792
346,589
474,800
Included within the accruals and deferred income is deferred income of £209,334 (2024: £345,358).
Within the current reporting period the following adjustments to deferred income were made, amounts
released to income in respect of previous periods £345,358 (2024.. £288,722) and income deferred in
the current year £209,334 (2024: £345,358).
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR -group
31.3.25
31.3.24
Other loans (see note 17)
Trade creditors
Other Creditors
Accruals and deferred income
67,672
20,425
32,387
235,905
57,381
15,742
23,885
393,628
356,389
490,636
Included within the accruals and deferred income is deferred income of £209,334 (2024.. £345,358).
Within the current reporting period the following adjustments to deferred income were made, amounts
released to income in respect of previous periods £345,358 (2024: £288,722) and income deferred in
the current year £209,334 (2024.. £345,358).
Page 31
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 March 2025
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR-group and
charity
31.3.25
31.3.24
other loans (see note 17)
465,168
391,344
17. LOANS- group and charity
An analysis of the maturity of loans is given below:
31.3.25
31.3.24
Amounts falling due within one year on demand:
Other loans
67,672
57,381
Amounts falling be￿een one and years..
Other loans - 1-2 years
57,056
Amounts falling due be￿een Iwo and five years..
Other loans - 2-5 years
248,418
122 365
Amounts falling due in more than five years..
Repayable by instalments:
other loans more 5yrs instal
144,589
211,923
The company has the ft)Ilowing loans:
A variable rate loan of £350,000 at a rate of 5.650/0 repayable by monthly instalments of £2,810 to April
2035.
A fixed rate loan of £75,000 at a rate of 6.50/0 repayable by monthly instalments of £1.299 to June 2027.
A fixed rate loan of £75,000 at a rate of 30/0 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 £56,011 at a rate of 5.650/0 repayable by monthly instalments of £609 to March
2033
A variable rate loan of £136,500 at a rate of 5.65 % repayable by monthly instalments of £1,493 to
De￿mber 2034
Page 32
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 March 2025
18.
LEASING AGREEMENTS- group and charity
Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25
31.3.24
Within one year
Belween one and five years
In more than five years
25,195
100,000
23,097
100,195
25,000
125,195
148 292
19.
SECURED DEBTS- group and charlty
The following secured debts are included within creditors..
31.3.25
31.3.24
Other loans
532.840
448,725
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, Pack moor
A legal charge exists in favour of Methodist Chapel Aid Limited dated 12 December 2024 over the
following freehold land and buildings known as 18 Jenkins Street Stoke-on-Trent and 64 Church Street,
Silverdale.
Page 33
continued...

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS- group
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Restricted
fund
fund
Fixed assets
Current assets
Current liabilities
Long term liabilities
3,046,115
1,049,228
(356,389)
465,168)
3,046,115
1,049,228
(356,389)
465,168)
2,867,227
1,159,037
(490,636)
391,344)
3 273,786
3 273 786
3 144,284
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS- charlty
31.3.25
Total
funds
31.3.24
Total
funds
Unrestricted Restricted
fund
fund
Fixed assets
Current assets
Current liabilities
Long temi liabilities
901,115
790,928
(346.589)
465.168)
901,115
722,227
790,928
915,193
(346.589) (474,800)
880,286
880,286
771,276
21. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
belween
funds
At
31.3.25
At 1.4.24
Unrestricted funds
General fund
3,144,284
162,710
(33,208)
3,273,786
Restricted funds
Restricted Funds
(33,208)
33,208
TOTAL FUNDS
3.144.284
129,502
3.273.786
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
2,335,972
(2,173,262)
162,710
Restricted funds
Restricted Funds
700,841
(734,049)
(33,208)
TOTAL FUNDS
3 036.813
2 907,311)
129.502
Page 34
continued

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued
for the Year Ended 31 March 2025
21. MOVEMENT IN FUNDS - continued
Comparatlves for movement In funds
Net
movement
in funds
Transfers
be￿een
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
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
4,282,910
(1,915,249)
2,367,661
Restrlcted funds
Restricted Funds
1,071,421
(827,856)
243,565
TOTAL FUNDS
Page 35
continued

SALTBOX
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025
21.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows-.
Net
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.23
Unrestricted funds
General fund
533,058
2,780,373
(39,645)
3,273,786
Restricted funds
Restricted Funds
(39,645)
39,645
TOTAL FUNDS
533,058
2,740,728
3,273,786
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
6,868,884
(4.088,511)
2,780,373
Restricted funds
Restricted Funds
1,522,260
(1.561,905)
(39,645)
TOTAL FUNDS
8,391,144
5,650.416) 2.740,728
The unrestricted funds consist of £3,273,786 (2024- £3,144,284) in relation to the restart project and
general funds.
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 paty transactions for the year ended 31 March 2025 other than those
transactions with the subsidiary undertaking Hawes Street Housing Ltd.
24. POST BALANCE SHEET EVENTS
On 29th August 2025. Saltbox acquired a further 2 properties in its Restart portfolio ata cost of £180.000.
A 10 year loan of£126,000 has been agreed with Methodist Chapel Aid (MCA) to be repaid on a monthly
basis over the term. MCA have required a legal charge to be in place as security for the loan.
There were no other material events up to the date of approval of the financial statements by the Board
of Trustees.
Page 36