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|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|





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|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.||



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|Thetrusteesconsiderthefollowin|gto|bethekeyrisksthatweface:|
|---|---|---|
|AreasofRisk||KeyMitigatingActionsthatwillbetaken|
|Continuityoforganisational|•|Establishanewagreementwiththemajordonorto|
|deliveryanddevelopmentwith||aidlonger-termplanning.|
|limitedadvancesightoffuture|•|Settingbudgetsandassociatedworkplansthatare|
|resourcestoworkwith||deliverablebasedontheteamcapacitythatthe|
|||agreedbudgetallowsfor.|
|—-<br>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.|



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8 November 2023 



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## 




**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|





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## 

|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|





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