| SECTION | PAGE |
|---|---|
| REFERENCE&ADMINISTRATIVEDETAILSOFTHECHARITABLECOMPANY&ITS | 3 |
| ADVISORS | |
| ANNUALREPORT | 4 |
| OBJECTIVES,MISSION&VALUES | 4 |
| ACTIVITIES,ACHIEVEMENTS&PERFORMANCE | 5 |
| GRANTSTOINDIVIDUALS | 5-8 |
| GRANTSTOORGANISATIONS | 8-11 |
| RESEARCHPROJECTFUNDING | 11 |
| WORKINGTOACHIEVEOURAIMS | 12 |
| PUBLICBENEFIT | 13 |
| FINANCIALREVIEW | 14-18 |
| PLANSFORFUTUREPERIODS | 18 |
| STRUCTURE,GOVERNANCE&MANAGEMENT | 19-20 |
| DISCLOSUREOFINFORMATIONTOAUDITORS | 21 |
| SMALLCOMPANIESEXEMPTION | 21 |
| INDEPENDENTAUDITOR'SREPORT | 21-25 |
| FINANCIALSTATEMENTS | 26 |
| STATEMENTOFFINANCIALACTIVITIES | 26 |
| STATEMENTOFFINANCIALPOSITION | 27 |
| STATEMENTOFCASHFLOWS | 28 |
| PRINCIPALACCOUNTINGPOLICIES | 29-31 |
| NOTESTOTHEFINANCIALSTATEMENTS | 32-38 |
| TRUSTEES | |
|---|---|
| CHAIR | DavidEmersonCBE(resignedon01.12.22) |
| FionaEllison(appointedon01.12.22) | |
| AishaButera | |
| AnneDokov(resigned30.9.22andwas | |
| reappointedfrom1.11.22) | |
| ElizabethMorris | |
| HeatherBowman(appointedon01.10.22) | |
| JohnWeguelin | |
| RonaldWilliamson | |
| COMPANYSECRETARY | AnneHarling |
| CHIEFEXECUTIVEOFFICER | AndrewPeers(resignedon26.05.23) |
| AileenEdmunds(appointedon18.09.23) | |
| REGISTEREDOFFICE | SuiteC,LancasterHouse |
| GrangeBusinessPark | |
| EnderbyRoad | |
| Whetstone | |
| Leicester | |
| LE86EP | |
| REGISTEREDCOMPANYNUMBER | 09923402(EnglandandWales) |
| REGISTEREDCHARITYNUMBER | 1169016 |
| AUDITOR | BuzzacottLLP |
| 130WoodStreet | |
| London | |
| EC2V6DL | |
| BANKERS | UnityTrustBankplc |
| FourBrindleyPlace | |
| Birmingham | |
| B12JB | |
| INVESTMENTFUNDMANAGER | CazenoveCapital |
| 1LondonWallPlace | |
| London | |
| EC2Y5AU | |
| INVESTMENTADVISORS | YokeFinancialConsultantsLtd |
| 6NormanhurstRd | |
| London | |
| SW23TA |
| PROJECT/ORGANISATION | PRIMARYACTIVITIES | FUNDING |
|---|---|---|
| NAME | AWARDED | |
| (E) | ||
| CIRCLESOFSUPPORTPROGRAMME | ||
| CleanSlate | Financialinclusiontraining,productsand1-1 | 250,000 |
| supportforindividualsinfinancialhardship | ||
| anddifficulty. | ||
| KaleidoscopePlusGroup | Emotionalwellbeingandcounsellingsupport. | 50,000 |
| ImpactNorth | Qualifiedchildpsychotherapistsproviding | 50,000 |
| longerperiodsofcounsellingsupportfor | ||
| vulnerablechildrenandtheirfamiliesto | ||
| restorerelationships. | ||
| CommunityHealthWorks | Physicalhealthandwellbeingsupport. | 25,000 |
| RESEARCHPROJECTS | ||
| Altair | Researchprojectregardingthelackofflooring | 40,000 |
| provisioninsocialhousing. | ||
| OTHERPROJECTS | ||
| Kickstarttenancy | Projectfocussingonprevention,monitoring | 90,000 |
| sustainability | andearlyinterventionfornewresidentstoaid | |
| longertenancies. | ||
| SafeSpace | Developmentofsupportatabespokerefuge | 21,622 |
| forpeoplefromtheLGBTQ+communityfleeing | ||
| domesticviolenceandabuse. |
| Thetrusteesconsiderthefollowin | gto | bethekeyrisksthatweface: |
|---|---|---|
| AreasofRisk | KeyMitigatingActionsthatwillbetaken | |
| Continuityoforganisational | • | Establishanewagreementwiththemajordonorto |
| deliveryanddevelopmentwith | aidlonger-termplanning. | |
| limitedadvancesightoffuture | • | Settingbudgetsandassociatedworkplansthatare |
| resourcestoworkwith | deliverablebasedontheteamcapacitythatthe | |
| agreedbudgetallowsfor. | ||
| —- Inabilitytodemonstrateour |
• | Delivertheprocesstodetermineoursocialimpact |
| socialandadded-valuetoour | methodology. | |
| majordonor(andfuture | • | Implementsocialimpactmethodology. |
| donors) | • | Produce6-monthlysocialimpactprogressreportsto |
| theBoard. | ||
| • | ProduceAnnualReviewsthathassocialimpact | |
| informationembedded. | ||
| • | Ensurethatprojectsfundedfulfiltheirreporting | |
| requirementstousabouttheimpactoftheirwork. | ||
| • | Restrictorwithdrawfuturefundingfromprojects | |
| whodonotmeettheirreportingrequirements. | ||
| Ineffectivemanagementand/or | ImplementTreasuryandInvestmentManagement | |
| poorrelativeperformanceof | Policypapers. | |
| investments | • | WorkinlinewithToRfortheF&ICommitteeto |
| manageinvestmentperformance. | ||
| • | InvestmentFundManagerstoattendF&Imeetings | |
| twiceperyear,andmainboardonceayear,toupdate | ||
| onperformanceandoutlook. | ||
| • | Retaintheadviceofspecialistcharityinvestment | |
| advisors. | ||
| • | MaintainindependentmembertoF&Iwithcharity | |
| sectorfinanceexperience. | ||
| • | Ensureinvestmentskillsarepresentontheboardof | |
| Trustees. | ||
| • | Regularlyreviewand,whereappropriate,updatethe | |
| Treasury&InvestmentStrategies. | ||
| Inabilitytosecurenewdonors | • | Workinpartnershipwithourfoundingdonorto |
| identifyandprogressrelationshipswithsocial | ||
| housingprovidersandsupplychainpartners. | ||
| • | Implementactivityplans(communicationsand | |
| eventsactivities)tosupportthegenerationofleads | ||
| anddeveloprelationshipswithotherhousing | ||
| associations,theirsupplychainsandcorporates | ||
| associatedwithourkeyareasofactivity | ||
| (geographicallyandbysubject). | ||
| • | DeliveraspecificcommunicationsplanfortheITN | |
| programmeopportunitythatseekstoraise |
| awarenessofourworkacrossbothStonewaterand | ||
|---|---|---|
| non-Stonewatergeographies. | ||
| Instabilityofkeystaffwithinthe | • | Havealong-termapproachtoteamrecruitmentand |
| smallteam | development. | |
| • | Embedourmissionandvaluesattheheartofour | |
| teamculturetoensurethewholeteamisengagedin | ||
| ourwork. | ||
| • | Provideregular1-1andteaminteractionsforthe | |
| home-basedteam,includingsupervisions,appraisals, | ||
| teammeetingsandprojectvisits. | ||
| • | Reviewteamwellbeingatmonthlyteammeetings | |
| and1-1stoensureagoodbalancebetweenworkload | ||
| andhoursprovidedtodothatwork. | ||
| • | MaintainarangeofHRpolicies&proceduresthat | |
| helpLongleighbethebestemployerwecanbe. | ||
| • | Embraceservicedeliverycontracts,wheresuitable, | |
| tosecureappropriateskillsandreducelikelihoodof | ||
| turnoverinlow-hoursroles. | ||
| Fraudulentorunapproveduse | Project&ResearchGrants: | |
| ofawardedfunding | • | Project&ResearchGrantsfundingagreementstates |
| usesoffundingthatareapproved. | ||
| • | Reviewtheannualfinancialstatementsfromprojects | |
| aspartoftheirreportingrequirements. | ||
| • | ReviewCompaniesHouseandCharityCommission | |
| websitesinadvanceoffundingpaymentstoensure | ||
| allprojectsarecomplyingwiththeirregulatory | ||
| requirements. | ||
| IndividualGrants: | ||
| • | Individualgrantscriteriaincludessection(for | |
| residentsandstaff)aboutmisuseofindividualgrants | ||
| funding. | ||
| • | Monthlysamplecheckonindividualgrantsapproved | |
| completedbyFinanceAdminOfficerandsignedoff | ||
| byFinance&OperationsManager. | ||
| • | Establishcontracts/accountsdirectlywithsuppliers | |
| ofgoodsandservicesmostusedforindividualgrants. | ||
| • | Implementgrantfulfilmentoptionsthatprovide | |
| receipted-spendonhigh-valueitems. | ||
| • | Longleighteamtoleadongrantfulfilment. | |
| • | HoldregularmeetingswithSWstafftoreview | |
| progressonoverallindividualgrantsprogramme. |
8 November 2023
Date: 18 December 2023
| Unrestricted | Restricted | Unrestricted | Restricted | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | 2023 | funds | funds | 2022 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Incomeandendowments | |||||||
| from: | |||||||
| Donations | 1 | 852 | 907,044 | 907,896 | 500 | 2,157,508 | 2,158,008 |
| Investments | 2 | 6,485 | 291,436 | 297,921 | 789 | 254,627 | 255,416 |
| Totalincome | 7,337 | 1,198,480 | 1,205,817 | 1,289 | 2,412,135 | 2,413,424 | |
| Expenditureon: | |||||||
| Raisingfunds | 3 | 65,632 | 65,632 | 20,670 | 47,428 | 68,098 | |
| Charitableactivities | 4,5 | 290,000 | 1,216,760 | 1,506,760 | - | 1,390,239 | 1,390,239 |
| Totalexpenditure | 290,000 | 1,282,392 | 1,572,392 | 20,670 | 1,437,667 | 1,458,337 | |
| Net(expenditure)/income | |||||||
| beforeinvestment | |||||||
| (losses)/gains | (282,663) | (83,912) | (366,575) | (19,381) | 974,468 | 955,087 | |
| Netgain/(loss)on | |||||||
| investments | 10 | 53,437 | 53,437 | (440,167) | (440,167) | ||
| Net(expenditure)/income | |||||||
| andnetmovementinfunds | (282,663) | (30,475) | (313,138) | (19,381) | 534,301 | 514,920 | |
| Reconciliationoffunds | |||||||
| Fundbalancesbrought | |||||||
| forward | 523,167 | 7,687,524 | 8,210,691 | 542,548 | 7,153,223 | 7,695,771 | |
| Fundbalancescarriedforward | 13 | 240,504 | 7,657,049 | 7,897,553 | 523,167 | 7,687,524 | 8,210,691 |
8/11/23
| STATEMENTOFCASHFLOWS:YEAREN | DED30thJUN | E2023 | |
|---|---|---|---|
| 2023 | 2022 | ||
| Notes | £ | £ | |
| Cashflowsfromoperatingactivities: | |||
| Netcashprovidedbyoperatingactivities | A | (706,360) | 755,408 |
| Cashflowsfrominvestingactivities: | |||
| Dividendsandinterestfrominvestments | 297,921 | 255,416 | |
| Proceedsfromthesaleoffixedassets | 200 | 350 | |
| Purchaseoftangibleandintangiblefixedassets | (37,449) | (3,859) | |
| Proceedsfromsaleofinvestments | 10,718 | - | |
| Purchaseofinvestments | (401,034) | ||
| Netcashprovidedby/(usedin)investingactivities | 271,390 | (149,127) | |
| Analysisofchangesinnetdebt | |||
| Changeincashandcashequivalentsintheyear | (434,970) | 606,281 | |
| Cashandcashequivalentsatthebeginningoftheyear | B | 2,443,439 | 1,837,158 |
| Cashandcashequivalentsattheendoftheyear | B | 2,008,469 | 2,443,439 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Net(expenditure)/incomeforthereportingperiod(asperthestatementoffinancialactivities) | (313,138) | 514,920 |
| Adjustmentsfor: | ||
| Depreciationandamortisationcharges | 4,940 | 2,980 |
| (Gain)/lossoninvestments | (53,437) | 440,167 |
| Dividendsandinterestfrominvestments | (297,921) | (255,416) |
| Profitonthesaleoffixedassets | (200) | (66) |
| Decrease/(increase)indebtors | 2,351 | (13,712) |
| (Decrease)/increaseincreditors | (48,955) | 66,535 |
| Netcashusedin)providedbyoperatingactivities | (706,360) | 755,408 |
| B: ANALYSISOFCASHANDCASHEQUIVALE | NTS | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Cashatbank | 142,690 | 273,696 |
| Shorttermdeposits | 1,857,685 | 2,165,924 |
| Cashheldbyinvestmentmanager | 8,094 | 3,819 |
| Totalcashandcashequivalents | 2,008,469 | 2,443,439 |
| 1. DONATIONS | |||
|---|---|---|---|
| 2023 | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | f | |
| StonewaterLimited | 901,224 | 901,224 | |
| Otherdonations | 852 | 5,820 | 6,672 |
| Total | 852 | 907,044 | 907,896 |
| 2022 | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| f | f | f | |
| StonewaterLimited | 2,157,508 | 2,157,508 | |
| Otherdonations | 500 | - | 500 |
| Total | 500 | 2,157,508 | 2,158,008 |
| 2. INCOMEFROMINVESTM | ENTS | ||
|---|---|---|---|
| 2023 | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| Investments | 4,031 | 291,436 | 295,467 |
| Bankinterest | 2,454 | 2,454 | |
| Total | 6,485 | 291,436 | 297,921 |
| 2022 | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| f | f | f | |
| Investments | - | 254,627 | 254,627 |
| Bankinterest | 789 | 789 | |
| Total | 789 | 254,627 | 255,416 |
| 3. EXPENDITUREONRAISINGFUNDS | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Directstaffcostallocationandconsultants | 44,549 | 22,065 |
| ITNHousing22project | - | 20,670 |
| Otherfundraisingcosts | 2,886 | 3,922 |
| InvestmentManagerfees | 11,938 | 11,833 |
| Allocationofsupportcosts | 3,510 | 6,677 |
| Allocationofgovernancecosts(note6) | 2,749 | 2,931 |
| Total | 65,632 | 68,098 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Projectgrantstootherorganisations | 225,000 | |
| Allocationofsupportcosts | 65,000 | |
| Total | 290,000 |
| Grants | Governance | |||||
|---|---|---|---|---|---|---|
| undertaken | Grantstoother | Directoverhead | Support | costs | 2023 | |
| byLongleigh | organisations | costs | costs | (note6) | Total | |
| Restricted | £ | £ | £ | £ | f | £ |
| Individualgrants | 615,300 | 164,406 | 52,652 | 41,239 | 873,597 | |
| Projectgrants | 261,622 | 16,503 | 10,530 | 8,248 | 296,903 | |
| Researchgrants | 40,000 | 3,510 | 2,750 | 46,260 | ||
| Total | 615,300 | 301,622 | 180,909 | 66,692 | 52,237 | 1,216,760 |
| Grants | Governance | |||||
| undertaken | Grantstoother | Directoverhead | costs | 2022 | ||
| byLongleigh | organisations | costs | Supportcosts | (note6) | Total | |
| Restricted | f | f | f | f | f | f |
| Individualgrants | 584,765 | 156,809 | 100,160 | 43,958 | 885,692 | |
| Projectgrants | 358,778 | 24,100 | 20,032 | 8,791 | 411,701 | |
| Researchgrants | 83,238 | 6,677 | 2,931 | 92,846 | ||
| Total | 584,765 | 442,016 | 180,909 | 126,869 | 55,680 | 1,390,239 |
| 6. GOVERNANCEEXPENDITURE | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Auditorsremuneration—audit | 12,168 | 8,790 |
| CompanySecretarialfee | 9,000 | 9,000 |
| Chair'sremuneration | 4,500 | |
| Directstaffcostsallocation | 21,925 | 19,566 |
| Trusteeandstafftraining,travelandsubsistence | 4,760 | 8,223 |
| Trusteemeetingcosts | 2,763 | 4,345 |
| Trusteerecruitment | 3,605 | 2,665 |
| IT&website | 635 | 1,370 |
| Othercosts | 130 | 152 |
| Total | 54,986 | 58,611 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 221,009 | 180,760 |
| Socialsecuritycosts | 19,067 | 14,305 |
| Otherpensioncosts | 11,650 | 9,558 |
| Total | 251,726 | 204,623 |
| 8. TANGIBLEFIXEDASSETS | |
|---|---|
| Computer | |
| equipment | |
| £ | |
| Cost | |
| At1st July2022 | 11,501 |
| Additions | 1,749 |
| Disposals | (1,599) |
| At30thJune2023 | 11,651 |
| Depreciation | |
| At1"July2022 | 7,210 |
| Chargefortheyear | 2,560 |
| Disposals | (1,599) |
| At30thJune2023 | 8,171 |
| Netbookvalues | |
| At30thJune2023 | 3,480 |
| At30thJune2022 | 4,291 |
| 9. INTANGIBLEFIXEDASSETS | |
| Grant | |
| Management | |
| System | |
| £ | |
| Cost | |
| At1stJuly2022 | |
| Additions | 35,700 |
| Disposals | |
| At30thJune2023 | 35,700 |
| Amortisation | |
| At1"July2022 | |
| Chargefortheyear | 2,380 |
| Disposals | |
| At30thJune2023 | 2,380 |
| Netbookvalues | |
| At30thJune2023 | 33,320 |
| At30thJune2022 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Marketvalueatstartoftheyear | 5,877,846 | 5,916,979 |
| Additionsatcost | - | 401,034 |
| Disposalsproceeds | (10,718) | |
| Netrealisedandunrealisedgain/(loss) | 53,437 | (440,167) |
| Marketvalueat30thJune | 5,920,565 | 5,877,846 |
| Cashheldbyinvestmentmanagers | 8,094 | 3,819 |
| Totalcarryingvalueat30thJune | 5,928,659 | 5,881,665 |
| Historiccostat30thJune | 5,688,892 | 5,699,150 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| SchroderGlobalSustainableGrowth | 1,852,554 | 1,710,794 |
| SparinvestEthicalGlobalValue | 516,317 | 526,634 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Prepayments | 20,043 | 25,776 |
| Accruedincome | 67,338 | 63,956 |
| Total | 87,381 | 89,732 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Tradecreditors | 26,262 | 36,906 |
| Accrualsforgrantspayable | 98,748 | 135,431 |
| Taxationandsocialsecurity | 2,142 | 6,246 |
| Otheraccruals | 28,510 | 26,034 |
| Total | 155,662 | 204,617 |
| Balanceat | Incoming | Resources | Netgainon | Balanceat30th | |
|---|---|---|---|---|---|
| 1stJuly2022 | resources | expended | investments | June2023 | |
| £ | £ | £ | £ | £ | |
| Unrestrictedfunds | 523,167 | 7,337 | (290,000) | 240,504 | |
| Restrictedfunds | 7,687,524 | 1,198,480 | (1,282,392) | 53,437 | 7,657,049 |
| 8,210,691 | 1,205,817 | (1,572,392) | 53,437 | 7,897,553 |
| Balanceat | Incoming | Resources | Netlosson | Balanceat30th | |
|---|---|---|---|---|---|
| 1stJuly2021 | resources | expended | investments | June2022 | |
| f | f | f | f | f | |
| Unrestrictedfunds | 542,548 | 1,289 | (20,670) | 523,167 | |
| Restrictedfunds | 7,153,223 | 2,412,135 | (1,437,667) | (440,167) | 7,687,524 |
| 7,695,771 | 2,413,424 | (1,458,337) | (440,167) | 8,210,691 |
| Unrestricted | Restricted | 2023 | |
|---|---|---|---|
| funds | funds | Totalfunds | |
| £ | f | £ | |
| Fixedassets | 5,965,459 | 5,965,459 | |
| Currentassets | 240,504 | 1,847,252 | 2,087,756 |
| Currentliabilities | (155,662) | (155,662) | |
| Total | 240,504 | 7,657,049 | 7,897,553 |
| Unrestricted | Restricted | 2022 | |
| funds | funds | Totalfunds | |
| f | f | f | |
| Fixedassets | - | 5,885,956 | 5,885,956 |
| Currentassets | 523,167 | 2,006,185 | 2,529,352 |
| Currentliabilities | - | (204,617) | (204,617) |
| Total | 523,167 | 7,687,524 | 8,210,691 |
| 2023 | 2022 | |
|---|---|---|
£ |
£ |
|
| CompanySecretarialservicesfortheyear | 9,000 | 9,000 |
| Projectgrants | 111,622 | 1,500 |