Reigate Stepping Stones Ltd
Annu81 report and finanual statements
31 Ma￿h 2024
Reigate Stepping Stones Ltd
Annual report and financial statements
Registered Charity No. 1136374
Company No. 07236238
31 March 2024

Reig8te St8pping Stones Ltd
Annual reptyt and financial statements
31 March 2024
Contents
Legal and administrative infomiation
Trustees, Report
Statement of trustees, responsibilrties in respect of the annual report
and the financial statements
Independent Examination report to the members of Reigate Stepping Stones Ltd
Statement of Financial Activities
Balance Sheet
Notes to the Accounts

Reig8te Stepping Stones Ltd
Annual ￿pOrt and financial stat8menls
31 Ma￿h 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Reigate Stepping Stones Ltd
Registered charity No. 1136374
Trustees l Directors
E E Chisholm
D G Hills
M Hudson
D W Murphy
V E Murphy
R D Reeves
R J Wallis
Bankers
HSBC Bank plc
107 High Street
Banstead
Surrey
SM7 2NR
Independent Examiner
GBJ LLP
27 Hatchlands Road
Redhill
Surrey
RH16RW
Registered Office
51 Addison Road
Caterham
Surrey
CR3 SLU
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Reigate Stepping Stones Ltd
Annual report and financial ststements
31 Ma￿h 2024
Trustee's Annual Report
Objectives and Activities
The main object of Reigate Stepping Stones Ltd is to provide a sense of nomiality to people
with mental health illness with somewhere to meet in a relaxed environment with like-minded
people.
Reigate Stepping Stones Ltd aims to provide a variety of fonnal and infomial activities that
would enable mental health users to gain confidence and self-esteem. To this end, the
Charity's premises are open twice a week, 52 weeks of the year, when allowed by any
pandemic restrictions.
The Charity's unrestricted funds may be used for general purposes for the benefrt of the
Charity. The designated fund will be used for a larger investment to meet the charity's
objectives once an opportunty has been identified.
Public Benefit Statement
The Trustees confirm that they comply with their duty to have regard to the guidance on
public benefit published by the Charity Commission in exercising their powers and duties.
Achievements and Perforniance
The Charity has provided support for members with help in maintaining, improving their
health and wellbeing by providing the Social Group twice a week and giving them the
opportunity to use the Star Recovery Programme to help their wellbeing. The Charity also
supplies a regular Newsletter which advertises a variety of activities I workshops that other
organisations are providing which may be of benefit to them.
Two Trustees continue to attend East & Mid Surrey FOCUS (Surrey and Borders Partnership
NHS Foundation Trust), Mid & East stakeholders meetings, Voluntary Action Reigate and
Banstead meetings and any other appropriate meetings to promote and network with other
organisations.
Besides these, they also promote Reigate Stepping Stones at various events and with the
intention to endeavour to obtain more volunteers to help the running of the organisation.
Financial Review
During the period the Charty received £1 Ok from providing staff to Redhill Safe Haven and
£1 Ok from a grant to run the drop in. There was also £18k of investment income and £1 k
from membership fees where those attending pay a contribution towards a drink and
sandwich. This compares to £439k total income last year which included a large legacy.
During the period there was a total expenditure of £30k of which £14k was of salaries of staff
for the dropin and the Redhill Safe Haven and £5k in rent for the drop-in premises.
The overall financial performance recorded a net surplus of income over expendrture of £9k.
The Trustees have decided to designate the legacy for a long-term project that is still to be
evaluated and decided upon. The interest received this year has been added to the
designated fund.
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Reigate Stepping Stones Ltd
Annual ￿port 8nd finanual statements
31 Ma￿h 2024
Plans for the Future
The legacy receipt at such a high level was unexpected and so high that it takes the charity
to a potential new level of activity. In consultation with the National Council for Voluntary
Organisations, the Trustees are considering what it can now do and will commission an
external review to explain the options. They do not want to do anything rash and quickly that
is not sustainable. A further amount is due on sale of the property within that estate.
Structure Govemance and Management
The governing document of the Charty is the constitution adopted on 8 September 2009, as
amended by special resolution on 28 April 2010.
The seven Trustees are also the Management Committee of the Charity. They meet
regularly to review activities, finance, and look to the future.
Trustee Induction
Trustees, appointments are made at the Annual General Meeting on recommendation of the
Trustees and do not require the approva5 of any extemal authority. Reigate Stepping Stones
Ltd seeks to appoint Trustees who can advance the objects of the charity through their
professional expertise, local knowledge, and experience. New Trustees are made aware of
their responsibility using resources of the Charity Commission. Further guidance is provided
to the Trustee and training when this is needed.
Relationships with Related Parties l External Bodies
Funding continued throughout 202312024 via Richmond Fellowship Redhill. Continued
funding has not been granted for this year and the chanty will use reserves to continue its
operations.
The Charity continues to work with Richmond Fellowship Redhill and Surrey Heartlands
Integrated Care Board regarding the Redhill Safe Haven. This is for the benefit of people in
mental distress who need support outside normal working hours of which many are our
members in a "social" element. The Safe Haven is open three hundred and sixty-five days a
year from 6.'OOpm to 11:00pm with access to professional help beside having two recovery
workers.
Invesknent Policy and Perfomiance
The Charitls investment powers are broad but subject to a restriction that no speculative
investments. Due to Un￿rtaInty of plans for the legacy, the funds have been held on three-
month money market deposit this year.
Reserves Policy
It is the policy of the Chanty to keep total reserves at a level so running costs can be met for
the following two years. At year end unrestricted reser4es total £15,183. The Diredors
believe that the current level of reserves will enable the Charity to meet its committed costs
and obligations for this period.
To this end the Trustees set up the Designated Programme Fund with £19.200 which
includes the monies re￿iVed upon the creation of Reigate Stepping Stones Ltd. The level of
funds is to cover the cost of running the Charity for the next twelve months. The legacy
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Reigate Stepping Stones Ltd
Annual report and financial statements
31 March 2024
receipt has been designated for the time being as well until a decision on its long term use is
decided and was increased this year by the investment income re￿iVed of £18,466.
Risk Management Policy
The Trustees have examined the major strategic, business, and operational risks which the
Charity faces and confimi that systems have been established to enable regular reports to
be produced so that necessary steps can be taken to lessen these risks.
Going Concern Basis
The Trustees have reviewed the impact of the recent pandemic and the downside s￿narro$
have been considered. For this reason, they continue to adopt the going concern basis in
preparing the accounts.
Small Company Rules
This report has been prepared in accordance with the provisions applicable to companies
entitled to the small companies, exemption.
Mr Dave Murphy
Chairman
Date.. November 2024
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Reigate Stepping Stones Ltd
Annual report and financial stat8ments
31 M8rch 2024
Statement of Trustees, responsibilities in respect of the annual report and the financial
statements
Under charity law, the trustee is responsible for preparing a Trustee's Annual Report and the
financial statements in accordance with applicable law and regulations. The trustee is
required to prepare the financial statements in accordance with UK Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland.
The financial statements are required by law to give a true and fair view of the state of affairs
of the charity and of the incoming resources and application of resources for that period.
In preparing these financial statements, generally ac￿pted accounting pra￿1￿ entails that
the trustee=
select suitable accounting policies and then apply them consistently.
makejudgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards and the Statement of
Recommended Practice have been followed, subject to any material departures
disclosed and explained in the financial statements",
state whether the financial statements comply with the trust deed, subject to any
material departures disclosed and explained in the financial statements.
assess the charity's ability to continue as a going concern, disclosing, as
applicable, matters related to going concern" and
use the going concern basis of accounting unless they either intend to liquidate
the charity or to cease operations or have no realistic alternative but to do so.
The trustee is required to act in accordance with the trust deed of the charity, within the
framework of trust law. They are responsible for keeping accounting records which are
sufficient to show and explain the charity's transactions and disclose at any time, with
reasonable accuracy, the financial position of the charity at that time, and to enable the
trustee to ensure that, where any statements of accounts are prepared by them under section
132(1) of the Charities Act 2011, those statements of accounts comply with the requirements
of regulations under that provision. They are responsible for such internal control as they
determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error, and have general responsibility for
taking such steps as are reasonably open to them to safeguard the assets of the charity and
to prevent and detect fraud and other irregularities.
The trustee is responsible for the maintenance and integrity of the financial and other
information included on the charity's website. Legislation in the UK governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
By Order of the Trustee
Signed..
"i?YIL November 2024
Date
Chairman
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Reigate Stepping Stones Ltd
Annual Trport and finanoial statements
31 March 2024
REIGATE STEPPING STONES LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF REIGATE STEPPING STONES LTD
We report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages
7t011.
Respectlve responslbilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the
2011 Act) and that an independent examination is needed.
It is our responsibilty to:
examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the General Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act,. and
state vthether particular matters have come to our attents'on.
Basis of Independent Examlners, Report
Our examination was carried out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts and seeking explanations from the Trustees con￿mIng any such
matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit
and consequently no opinion is given as to whether the accounts present a 'true and frair view, and the
report is limited to those matters set out in the ststement below.
Independent Examiners, Statement
In connection wrth our examination. no matter has come to our attention:
1) which gNes us reasonable Cause to believe that. in any material respect, the requirements
to keep accounting records in accordance with section 130 of the 2011 Act. and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act
have not been met" or
2) to which, in our opinion, attention should be drawn in order to enable a proper understsnding of
the accounts to be reached.
GBJ LLP
Date2YNovember 2024
Chartered Accountants
Independent Examiners
27 Hatchlands Road
Redhill
Surrey
RH16RW
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Reigate Stepping Stones Ltd
Annual report and financial ststements
31 Ma￿h 2024
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
Funds
Designatsd 31 March 2024 31 March 2023
Funds
Total Funds
Total Funds
Income and Endowments
Grants
Operations
Donations and Legacies
Income from Investments
Total Income and Endowment
10,000
10,388
10,000
10,388
10,000
10,836
414,202
4,035
439,073
18,466
18.466
18,466
38,854
20,388
Expenditure
Expenditure on Raising Funds
Expenditure on Charitable Activities
Other Expenditure
Total Expenditurn
{28,520}
(1,500)
(30,020)
(28,520)
(1,500)
(30,020)
(23,787)
(1,500)
(25,287)
Net Incomel(Expenditure}
(9.632)
18,466
8.834
413.786
Net Gainsl(Losses) on Invesknents
Net Movement in Funds
(9.632)
18.466
8,834
413,786
ReconcillatloTr of Funds
Total funds brought forward
Total funds carrled forward
24,815
15,183
432,200
450.666
457,015
465,849
43,229
457,016
The notes on pages 9 to 11 fom part of these financial statements. All income and expenditure is
derived from continuing operats'ons.
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Reigate Stepping Stones Ltd
Annual report and financi81 st8tements
31 Ma￿h 2024
BALANCE SHEET AS AT 31 MARCH 2024
31 March 2024 31 March 2023
Flxed Assets
Investments
Current Assets
Debtors (Note 5)
Prepayments
Cash at bank and in hand
Total Current Assets
17.951
10,728
450,192
468,143
447,996
458.724
Current liabilltles
Creditors.. Amounts falling due within one year (Note 6)
(2,294)
(1,709)
Net Current Assets l (Liabllltles)
465,849
457.015
Total Net Assets
465.849
457,015
Funds of the Charlty
Unrestricted Funds
Designated Funds
Total Funds
15,183
450.666
465,849
24,815
432,200
457,015
The notes on pages 9 to 11 fom part of these accounts.
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 March 2024.
The members have not required the company to obtsin an audtt of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees ackn¢)wledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that compty with Sections 386 and 387
of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in accordance
with the requirements of Sections 394 and 395 and which otherwise compty with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordan￿ with the provisions applicable to charitable
companies subject to the small companies regime.
The financial ststements on pages 10 to 11 and accompanying notes were approved by the Board of Trustees
on 21November 2024 and were signed on ts behalf by..
(b)
Mr Richard Wallis
Trustee
Company registered number: 07236238
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Reigate Stepwng Stones Ltd
Annual ￿port and financial statements
31 Ma￿￿ 2024
NOTES TO THE ACCOUNTS
Note 1 Principal Accountlng Policies
Basis of Preparation
The financial ststements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these
accounts. The financial statements have been prepared in accordance with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Trust constitutes a public benefit entty as defined by FRS 102.
The financial ststements have been prepared on a going con￿rn basis which the Trustees
consider to be appropriate for the following reasons.
The business mdel of the charity is such that its charitable activities are limited to those which
it has sufficient funds to support from the excess of funding received over the costs of
administering the charity. The charity therefore has no specific commitments and no committed
costs beyond ts fixed costs of operation which are detailed in note 5.
The Trustees have reviewed the cash flow forecasts for a period of at least 12 months from the
date of approval of these financial statements which indicate that the charity will have sufficient
funds to meet its liabilities as they fall due for that period. The Trustees have also considered the
implications of COVID-19 on these cash flow forecasts and consider that because of its operating
model explained above, even if no further funding is re￿iVed in the 12-month period, the charity
has sufficient cash reseNes to pay all committed costs.
Consequently. the Trustees are confident that the charity will have sufficient funds to continue to
meet its liabilits'es as they fall due for at least 12 mnths from the date of approval of the financial
statements."
b>
Income and Endowments
All income is recognised On￿ the Charity has entitlement to the income, it is probable that the
income will be received, and the amount of income receivable can be measured reliably.
Donations a￿ recognised when the Charity has been notified in writing of both the amount and
settlement date. If a donation is subject to conditions that require a level of performance before
the charity is entitled to the funds, the income is deferred and not recogni*d until either those
conditions are fvlly met. or the fulfilment of those conditions is wholly within the control of the
charity, and it is probable that those conditions will be fulfilled in the reporting period. Gifts in kind
are valued at estimated fair market value at the time of receipt.
Legacy gifts are recognised on a case-by-case basis following the granting of probate when the
administratorlexecutor for the estate has communicated in writing both the amount and
settlement date. If the gift is in the form of an asset other than cash, or a financial asset traded
on a recognised stock exchange, recognition will be subject to the value of the gift being reliabty
measurable with a degree of reasonable accuracy and the titie to the asset having been
transferred to the Charity.
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity- this is nomally upon notification of the interest paid or payable by the
bank.
Expenditure Recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the Charity to that expenditure, it is probable that settlement will be required, and the
amount of the obligation can be measured reliabty.
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Reigate Stepping Stones Ltd
Annu81 ￿port and financial ststements
31 March 2024
All expenditure is accounted for on an accruals basis. All expenses including support costs and
governance costs are allocated or apportioned to the applicable expenditure headings. For more
information on this attribution refer to note (e) below.
d)
Allocation of support and governance costs
Support costs have been allocated be￿een govemance costs and other support costs.
Governance costs comprise all costs involving the public accountability of the charity and its
Complian￿ with regulation and good practice. These costs include costs related to statutory audit
and legal fees.
Govemance costs and support costs relating to charitable activities have been apportioned
across the funds as a percentage of funds held in each departmentfund. The allocation of support
and govemance costs is analysed in note 5.
Expenditure on raising funds
The costs of generating funds are those wsts attributable to generating income, resources for
the charity, other than those costs incurred in undertaking charitable activities or the costs
incurred in undertaking trading activities in furtheran￿ of the Charity's objects and consist of
investment management costs and certain legal fees.
Expendlture on charitable activities
Costs of charitable activities comprise all costs incurred in the pursutt of the charitable objects of
the charity. These costs, where not wholly attributable, are apportioned be￿een the categories
of charitable expenditure in addition to the direct costs. The total costs of each category of
charitable expenditure therefore include grants made, governance costs, and an apportionment
of overheads as shown in note 6.
Irrecoverable VAT
I￿ecOVerable VAT is charged against the expenditure heading for which it was incurred.
h)
Structure of funds
Designated funds are funds for The Trustee has chosen to eaM￿rk these funds for
specific areas within the general charitable purposes (see note 13).
Unrestricted funds are available for use at the discretion of the Trustee for general
charitable purposes relats'ng to the following:
Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised
gains and losses on investments are calculated as the differen￿ be￿een sales proceeds and
their opening carying value or their purchase value if acquired after the first day of the financial
year. Unrealised gains and losses are calculated as the differen￿ be￿een the fair value at the
year end and their carrying value. Realised and unrealised investment gains and losses are
combined in the Statement of Financial Activities.
i)
Pensions
The Charity uses the NEST Pensions scheme and has covered its pension liabilities.
Note 2 Related party transactions and trustees, expenses and remuneration
The charity d￿5 not have any related parties.
The charity does pay expenses to any Trustee at the HMRC rate for travel and actual reimbursement
of other expenditure. No Trustees re￿iVed any remunerats'on from the Company. Travel expenses of
£900 (2023.. £689) were paid to two Trustees.
Note 3 Grant Commitments
The charity has no grant commitments.
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Reigate Stepping Stones Ltd
Annual rept)rt and financial statements
31 March 2024
Note 4 Events after reporting period
There were no events after the reporting period.
Note S Debtors
31 March 2024
31 March 2023
Trade Debtors
Other Debtors
6,830
3.663
7.064
Note 6 Creditors
31 March 2024
31 March 2023
Other Credrtors
Accruals
1,500
794
1,500
209
Note 7 Breakdown of Charitsble Activities
Expenditure on charitable activities have all been to meet the charity's objectives.
Unrestiicted
Funds
31 March 2024
Unrestricted
Funds
31 March 2023
Staff salaries
Rent
Printing, Postage and Stationery
Telephone and Internet
Sundries and Ackn'vities
Payroll Fees
Insurance
Volunteers, Travel Expenses
14,394
5,200
4,737
178
175
750
2,186
15.765
4,940
621
118
237
456
961
11
900
689
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