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2021-12-31-accounts

stepping stones • Llj/_ ANNUAI 2021

table of CONTENTS 1 OVERVIEW AND INTRODUCTION FROM OUR CHAIR OF TRUSTEES REPORT FROM OUR TREASURER 2

STORY OF 2021 FROM OUR 3 OPERATIONS MANAGER

ACKNOWLEDGEMENTS 4

OVERVIEW

Stepping Stones Learning and Leisure is a charity that provides meaningful and worthwhile activities by working with, learning from, and listening to adults with learning disabilities.

Our weekly programme of activities includes art, drama, dance, and music. People who attend Stepping Stones can learn new skills, share experiences and broaden their horizons.

Activities are delivered at a community centre, but we also work off site in partnership with other organisations in the area. During the first half of 2021 all of our activities were online.

INTRODUCTION FROM OUR CHAIR OF TRUSTEES

"We know that meeting face to face is best for most of our students and re-connecting with them is a priority”

Stepping Stones Annual Report, 2020

This was our heartfelt wish at the end of 2020 and thankfully, we have been able to do this - and then some!

It has been a year of two halves. Initially we were nipping and tucking within Covid rules and the need to keep us all safe by providing a hybrid of online and face to face classes. There was no doubt that the vast majority wanted to return and from September, we were offering almost a full range of classes. The joy, relief and care was palpable and everyone was so happy to be back. Here's hoping that this continues into 2022.

Thanks are due to our tutors, supporters, carers, trustees and most of all, our students who once again, inspired us with their resilience and strengthened our determination.

The Board has started a process of recruiting new trustees. This is to ensure that Stepping Stones will continue with strength, best reflecting the community we serve and continuing this wonderful and important provision.

Lynn Bransby, Chair of Trustees

report from our treasurer

Our ability to offer in-person classes has continued to be affected throughout 2021 by the impact of COVID-19 on group activities.

For the first four months of the year, we again offered online sessions using zoom, building on the experience acquired through 2020 to make these as interactive and appealing as possible.

From June we resumed some in-person activities on a trial basis but due to the vulnerable nature of our service-users we exercised a cautious approach and sessions were run with small groups and / or using outdoor space as far as possible.

From September we returned to a more regular timetable of seven classes per week and, through working together with carers and service-users to ensure a safe environment for everyone, we were able to continue to run these through to the end of the ten-week term. Notwithstanding this, and unsurprisingly, 2021 saw an ongoing reduced number of service-users attending classes, which again impacted our income although not to the same extent as 2020.

We ended the year with a surplus of £11,668 compared to a loss of £2,430 in 2020. This outcome compared to 2020 is a result of our cautious approach to expenditure during a year that was, again, far from normal.

The trustees continue to monitor our financial position carefully to ensure that, as a charity, we remain prepared for the unexpected while meeting our obligations to our funders to make full use of the resources made available to us.

Our accounts are independently examined annually by our accountants, Gibson’s Financial Limited, and their separate report containing more detailed financial information is available and filed on the charity commission website.

Jennifer Walmsley, Treasurer

the story OF 2021

online

From January to May we ran a regular weekly timetable of online classes. The sessions provided routine, familiarity and sustained our sense of community. We exchanged smiles and waves, and we shared laughter, fun and words of encouragement.

Through this structure we also kept a sense of momentum. We have learnt new dances and songs, and created wonderful pieces of art.

Our work in the early part of the year was an investment for the future that we all hoped to share together.

127 190 35 Art, Dance and Music Activity hours Jan - May Service Users sessions participating remotely

digital inclusion

We supported our online delivery with targeted digital support for people who were not able to access our activities.

We provided devices and data, and we offered guidance, advice and 'walk throughs' to enable people to get online.

Summer

7 week trial of face to face activities

In June we started a 7-week trial of face to face activities at our Community Centre base. We had 6 classes face to face classes, 2 zoom classes and 1 hybrid class per week.

It was wonderful to see people again – in some cases for the first time in over a year. Through these sessions we learned more about individual experiences during lockdown and how isolated some people had been.

We saw the impact of our months of online engagement with connections sustained and skills demonstrably attained.

We overwhelmingly observed the benefit and value in being together, and the readiness and willingness that people had for returning to face to face activities.

56 Classes over 7 weeks 84 Activity hours 53 Service users

51% Increase in participation

BACK TOGETHER - SUMMER ZOZI Iiid

----- Start of picture text -----
Reopening
----- End of picture text -----

Building on the success of our summer activities, we returned to the centre in September with a timetable of 7 classes per week.

Bringing people back together came with the huge responsibility of doing all we could to keep people safe. This included new protocols and procedures to maintain distance and ventilation. We maintained a hybrid model of online/in person delivery for art. We made the hard decision to reduce capacity in face to face classes so that we could focus on making our reopening as safe as possible.

We worked with carers and support workers to share knowledge and ideas about how best to support service users through the changes involved in our new operating model. Familiarity and structure have often been a source of comfort for our service users, and quickly we were able to establish reassuring routines.

reasons to celebrate

As we reached the end of the year we had plenty to be thankful for:

----- Start of picture text -----
Number of people engaging or attending
60
40
20
0
Online Jan - Jun Summer trial September December
140
Activity hours Sep - Dec
----- End of picture text -----

We ended the year full of festive cheer. Although we anticipate that COVID will continue to present difficult challenges, our community has shown patience, resilience and determination . Together we have adapted, recovered and rebuilt. With connections and our sense of purpose stronger than ever, we look forward to 2022 with optimism and ambition.

Catriona Finlayson, Operations Manager

ACKNOWLEDGEMENTS

Our funders have shown great enthusiasm and support for our approach this year. We would not have been able to deliver such responsive and comprehensive activities throughout 2021 without the funding we received.

Huge thanks to the Peter Minet Trust, Baily Thomas Trust , Southwark Council , St Faiths PCC, Dulwich Choral Society and Barclays for generous support, encouragement and belief.

Stepping Stones Learning and Leisure St Faiths Community Centre Redpost Hill London SE24 9JQ

07950 612 914

www.steppingstoneslearning.org.uk info@steppingstoneslearning.org.uk

registered charity number: 1174850

The Tutors, Volunteers and Trustees at Stepping Stones have worked incredibly hard all year – balancing the many competing challenges of maintaining and then transitioning from remote to in person activities.

Our return to face to face activities was made possible by the patience, reassurance and generosity of the staff at St Faiths Centre and Church who have been endlessly accommodating and enthusiastic in our quest to come back.

The Carers and Support Workers who have always been valued members of the Stepping Stones community. Thank you this year for sharing your experiences, knowledge and care as we rebuilt our activities.

Finally - thank you to our amazing Service Users. You have inspired us with patience, courage and determination.

----- Start of picture text -----
WE
THANK
YOU
ALL
----- End of picture text -----

STEPPING STONES LEARNING AND LEISURE

(CHARITABLE INCORPORATED ORGANISATION)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Registered Charity Number 1174850

Gibsons Financial Limited Chartered Accountants Foresters Hall 25-27 Westow Street London SE19 3RY

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

YEAR ENDED 31 DECEMBER 2021

CONTENTS

PAGES

Administrative Information 2
Executive Committee & Trustees Report 3
Independent Examiners Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7
Detailed Income and Expenditure 9 
1

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

ADMINISTRATIVE INFORMATION AS AT 31 DECEMBER 2021

REGISTRATION DETAILS Stepping Stones Learning and Leisure is a charitable
incorporated organisation (CIO) under charity number
1174850.
GOVERNING DOCUMENT Stepping Stones Learning and Leisure is governed by the
Charities Act 2011 and its constitution.
EXECUTIVE COMMITTEE Lynn Bransby – Chair
Christine Baldwin – Resigned 14/09/2021
Christopher Cooper – Resigned 20/05/2021
Savie Musendo – Resigned 16/11/2021
Sylvie Wells – Resigned 11/01/2021
Terry Baldwin – Secretary
Gillian Kerr – Vice Chair
Sally Reid - User Representative
Jennifer Walmsley – Treasurer
Susan Height - Member
Julia Barbosa - Member
PRINCIPAL ADDRESS OF CHARITY St Faith’s Community Centre
Red Post Hill
Herne Hill
London
SE24 9JQ
ACCOUNTANTS Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25-27 Westow Street
London SE19 3RY
BANKERS Lloyds TSB Plc
12 Croxted Road
London
SE21 8SP 
2

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

EXECUTIVE COMMITTEE AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

The Executive Committee of Stepping Stones Leaning and Leisure present their Financial Statements for
the year ended 31 December 2021.

PRINCIPAL ACTIVITY

The principal activity of the charity is to help adults with learning disabilities to help themselves.

In planning our activities for the year we kept in mind the Charity Commissioner’s guidance on public
benefit at our trustee meetings.

The focus of our activities is to provide a range of much needed local workshops for adults with learning
disabilities, and so enabling an often neglected section of the community to work from a base where they
can make new friends and build their skills.  The workshops promote health and hygiene; exercise and
fitness; and drama and self-development.  This benefits the disabled people by developing their self-
confidence, social skills and life skills.

We welcome all disabled people regardless of personal background, faith, gender or personal
circumstances and we believe this philosophy of openness to all enriches everyone through the sharing of
the skills, aptitudes and life experiences of our disabled people. The trustees confirm that they have
complied with their duties under schedule 3 of The Charities Act 2011 with regard to charity commission’s
guidance on public benefit.

ACTIVITIES, DEVELOPMENTS AND ACHIEVEMENTS

See Stepping Stones Learning and Leisure’s separate Annual Report.

STATEMENT OF EXECUTIVE COMMITTEE RESPONSIBILITIES

Law applicable to charities in England and Wales requires the Executive Committee to prepare Financial
Statements, which give a true and fair view of the state of affairs of the charity and its income and
expenditure for that period.  In preparing these Financial Statements, the Executive Committee are required
to:-

The Executive Committee are responsible for keeping proper records which disclose at any time the
financial position of the project.  They are also responsible for safe guarding the assets of the organisation
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

…………………………..

Lynn Bransby - Chair

Date 29 September 2022

3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

I report on the accounts of the Charity for the year ended 31 December 2021, which are set out
on pages 5 to 10.

Respective responsibilities 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 my responsibility to:

Basis of independent examiner's report

My 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 you as trustees
concerning any such matters. The procedures 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 fair view' and the report is limited to those matters set out in the statement
below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.

Geoffrey C Gibbs FCA
Gibsons Financial Limited
Foresters Hall
25/27 Westow Street
Upper Norwood
London SE19 3RY

12September 2022

4

STEPPING STONES LEARNING AND LEISURE

(CHARITABLE INCORPORATED ORGANISATION)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

INCOMING RESOURCES

Incoming resources from
generated funds:
Voluntary Income
Other Income
Total Incoming Resources
Cost of Generating Funds
Charitable activities
Governance costs
Total Resources Expended
Net Incoming Resources
Fund Balances brought forward
Fund transfer
Fund Balances carried forward		 Unrestricted
Fund
Restricted
Fund
2021
Total
2020
Total
£
£
£
£
42,459
20,888
63,347
44,159
2,538
-
2,538
3,026
44,997
20,888
65,885
47,185
-
52,365
52,365
48,320
-
1,852
1,852
1,295
-
54,217
54,217
49,615
44,997
(33,329)
11,668
(2,430)
79,463
105
79,568
81,998
(33,400)
33,400
-
-
91,060
176
91,236
79,568		 
5

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

BALANCE SHEET AS AT 31 DECEMBER 2021

Current Assets
Cash at Bank
Cash in Hand
Debtors
Current Liabilities
Creditors and Accruals
Net Current Assets
Funds:
Unrestricted Fund
Restricted Fund		 2021
£
84,576
-
8,250
92,826
1,590
91,236
91,060
176
91,236		 2020
£
75,495
-
8,500
83,995
4,427
79,568
79,463
105
79,568 
The financial statements were approved by Executive Committee and Trustees on 29 September 2022
and Approved on their behalf by:

……………………………… Lynn Bransby - Chair 

6

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of Financial Statements

The Financial Statements are prepared under the historic cost convention and include the
results of the Charity’s operations which are described in the Executive Committee’s Report
and all of which are continuing.

The accounts have been prepared in accordance with the Financial Reporting Standard 102
“The financial Reporting Standard applicable in the UK and Republic of Ireland”; the
Statements of Recommended Practice  - Charities SORP (FRS102) and; with the Charities
Act 2011.

In preparing these financial statements the Trustees have taken advantage of the exemption
permitted by FRS 102 in not presenting a Statement of Cash Flows.

These financial statements represent the first time that the Trustees have adopted FRS102
however the policies applied under the previous accounting framework are not materially
different to FRS102 the change of reporting framework has not impacted on the charity’s
Statement of Financial Activities for the year ended 31 December 2021 or its Balance Sheet
position as at that date.

1.2 Incoming Resources

1.3 Restricted Funds

Restricted Funds are to be used for specific purposes as laid down by the donor.  Expenditure,
which meets these criteria is identified to the fund, together with a fair allocation of
management and support costs.

1.4 Unrestricted Funds

Unrestricted Funds are donations and other income received or generated for the objects of
the charity without further specified purpose and is available for general funds.

7

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2021

1.5 Financial Instruments

The charity only enters into basic financial instrument transactions that result in the
recognition of financial assets and liabilities like amounts recoverable on invoices, other
debtors, amounts payable to providers of services and other accruals. Debt instruments being
amounts owed to and by the charity are accounted for at the amount that is expected to be
received or paid by the charity. Debt instruments receivable after more than one year are
initially recorded at the present value of future cash flows and subsequently accounted for at
amortised cost using the effective interest method.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand and balances in bank accounts with no notice
or less than three months’ notice from inception and are subject to insignificant risk of changes
in value

2 TRUSTEES’ REMUNERATION, BENEFITS AND EXPENSES

The charity did not pay any remuneration or provide benefits to any of its Trustees during the
year under review. None of the charity’s Trustees claimed expenses nor were any Trustees’
expenses met by the charity during the year.

3 TRANSACTIONS WITH RELATED PARTIES

There were no transactions with related parties during the year. Related parties include
Trustees, their close family members, their business associates, and any non-natural persons
which are controlled by any of these individuals or in which they have a significant interest.

4 COVID-19

Our ability to offer in-person classes has continued to be affected throughout 2021 by the
impact of COVID-19 on group activities.

For the first four months of the year, we offered online sessions using zoom.

From June 2021 we resumed some in-person activities on a trial basis but due to the vulnerable
nature of our service-users we exercised a cautious approach and sessions were run with
single-household groups and / or using outdoor space.

From September 2021 we returned to a more regular timetable of 7 classes per week and,
through working together with carer’s and service-users to ensure the ability to operate safely,
we were able to continue these through to the end of the 10 week term.

8
5 DEBTORS
Trade Debtors
6 CREDITORS & ACCRUALS

Accountancy Fees

Accruals

 2021
£
8,250
2021
£
530
1,060

1,590		 
9

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

DETAILED INCOME & EXPENDITURE

Incoming resources from
generated funds:
Voluntary Income/Grants
Southwark Adult Learning Services
Peter Minet
United St. Saviours
TCS London
Camberwell Neighbourhood Fund
Barclays Community Grant
Bailey Thomas
St Faith’s PCC
Other Income
Membership Subscriptions
Interest Receivable
Refunds
Total Incoming Resources
RESOURCES EXPENDED
Direct Charitable Expenditure
Tutors
Salary/HMRC/Pension
Hall Hire
Office Expenses
Activity Expenses
Governance costs
Accountancy Fees
Insurance
Training
TOTAL RESOURCES EXPENDED		 Unrestricted
Fund
Restricted
Fund
2021
Total
2020
Total
£
£
£
£
-
17,750
17,750
12,250
30,000
-
30,000 20,000
-
-
-
8,775
-
-
-
240
-
3,138
3,138
2,500
2,065
-
2,065
-
10,000
-
10,000
-
394
-
394
394
42,459
20,888
63,347
44,159
2,535
3
-
-
-
-
2,535
3
-
3,000
11
15
2,538
-
2,538
3,026
44,997
20,888
65,885
47,185
Unrestricted
Fund
Restricted
Fund
Total
2021
Total
2020
£
£
£
£
-
18,423
18,423
19,280
-
28,683
28,683
24,656
-
1,059
1,059
1,268
-
2,027
2,027
932
-
2,173
2,173
2,184
-
52,365
52,365
48,320
-
630
630
644
-
700
700
651
-
522
522
-
-
1,852
1,852
1,295
-
54,217
54,217
49,615		 
10

STEPPING STONES LEARNING AND LEISURE

(CHARITABLE INCORPORATED ORGANISATION)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Registered Charity Number 1174850

Gibsons Financial Limited Chartered Accountants Foresters Hall 25-27 Westow Street London SE19 3RY

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

YEAR ENDED 31 DECEMBER 2021

CONTENTS

PAGES

Administrative Information 2
Executive Committee & Trustees Report 3
Independent Examiners Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7
Detailed Income and Expenditure 9 
1

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

ADMINISTRATIVE INFORMATION AS AT 31 DECEMBER 2021

REGISTRATION DETAILS Stepping Stones Learning and Leisure is a charitable
incorporated organisation (CIO) under charity number
1174850.
GOVERNING DOCUMENT Stepping Stones Learning and Leisure is governed by the
Charities Act 2011 and its constitution.
EXECUTIVE COMMITTEE Lynn Bransby – Chair
Christine Baldwin – Resigned 14/09/2021
Christopher Cooper – Resigned 20/05/2021
Savie Musendo – Resigned 16/11/2021
Sylvie Wells – Resigned 11/01/2021
Terry Baldwin – Secretary
Gillian Kerr – Vice Chair
Sally Reid - User Representative
Jennifer Walmsley – Treasurer
Susan Height - Member
Julia Barbosa - Member
PRINCIPAL ADDRESS OF CHARITY St Faith’s Community Centre
Red Post Hill
Herne Hill
London
SE24 9JQ
ACCOUNTANTS Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25-27 Westow Street
London SE19 3RY
BANKERS Lloyds TSB Plc
12 Croxted Road
London
SE21 8SP 
2

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

EXECUTIVE COMMITTEE AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

The Executive Committee of Stepping Stones Leaning and Leisure present their Financial Statements for
the year ended 31 December 2021.

PRINCIPAL ACTIVITY

The principal activity of the charity is to help adults with learning disabilities to help themselves.

In planning our activities for the year we kept in mind the Charity Commissioner’s guidance on public
benefit at our trustee meetings.

The focus of our activities is to provide a range of much needed local workshops for adults with learning
disabilities, and so enabling an often neglected section of the community to work from a base where they
can make new friends and build their skills.  The workshops promote health and hygiene; exercise and
fitness; and drama and self-development.  This benefits the disabled people by developing their self-
confidence, social skills and life skills.

We welcome all disabled people regardless of personal background, faith, gender or personal
circumstances and we believe this philosophy of openness to all enriches everyone through the sharing of
the skills, aptitudes and life experiences of our disabled people. The trustees confirm that they have
complied with their duties under schedule 3 of The Charities Act 2011 with regard to charity commission’s
guidance on public benefit.

ACTIVITIES, DEVELOPMENTS AND ACHIEVEMENTS

See Stepping Stones Learning and Leisure’s separate Annual Report.

STATEMENT OF EXECUTIVE COMMITTEE RESPONSIBILITIES

Law applicable to charities in England and Wales requires the Executive Committee to prepare Financial
Statements, which give a true and fair view of the state of affairs of the charity and its income and
expenditure for that period.  In preparing these Financial Statements, the Executive Committee are required
to:-

The Executive Committee are responsible for keeping proper records which disclose at any time the
financial position of the project.  They are also responsible for safe guarding the assets of the organisation
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

…………………………..

Lynn Bransby - Chair

Date 29 September 2022

3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

I report on the accounts of the Charity for the year ended 31 December 2021, which are set out
on pages 5 to 10.

Respective responsibilities 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 my responsibility to:

Basis of independent examiner's report

My 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 you as trustees
concerning any such matters. The procedures 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 fair view' and the report is limited to those matters set out in the statement
below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.

Geoffrey C Gibbs FCA
Gibsons Financial Limited
Foresters Hall
25/27 Westow Street
Upper Norwood
London SE19 3RY

12September 2022

4

STEPPING STONES LEARNING AND LEISURE

(CHARITABLE INCORPORATED ORGANISATION)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

INCOMING RESOURCES

Incoming resources from
generated funds:
Voluntary Income
Other Income
Total Incoming Resources
Cost of Generating Funds
Charitable activities
Governance costs
Total Resources Expended
Net Incoming Resources
Fund Balances brought forward
Fund transfer
Fund Balances carried forward		 Unrestricted
Fund
Restricted
Fund
2021
Total
2020
Total
£
£
£
£
42,459
20,888
63,347
44,159
2,538
-
2,538
3,026
44,997
20,888
65,885
47,185
-
52,365
52,365
48,320
-
1,852
1,852
1,295
-
54,217
54,217
49,615
44,997
(33,329)
11,668
(2,430)
79,463
105
79,568
81,998
(33,400)
33,400
-
-
91,060
176
91,236
79,568		 
5

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

BALANCE SHEET AS AT 31 DECEMBER 2021

Current Assets
Cash at Bank
Cash in Hand
Debtors
Current Liabilities
Creditors and Accruals
Net Current Assets
Funds:
Unrestricted Fund
Restricted Fund		 2021
£
84,576
-
8,250
92,826
1,590
91,236
91,060
176
91,236		 2020
£
75,495
-
8,500
83,995
4,427
79,568
79,463
105
79,568 
The financial statements were approved by Executive Committee and Trustees on 29 September 2022
and Approved on their behalf by:

……………………………… Lynn Bransby - Chair 

6

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of Financial Statements

The Financial Statements are prepared under the historic cost convention and include the
results of the Charity’s operations which are described in the Executive Committee’s Report
and all of which are continuing.

The accounts have been prepared in accordance with the Financial Reporting Standard 102
“The financial Reporting Standard applicable in the UK and Republic of Ireland”; the
Statements of Recommended Practice  - Charities SORP (FRS102) and; with the Charities
Act 2011.

In preparing these financial statements the Trustees have taken advantage of the exemption
permitted by FRS 102 in not presenting a Statement of Cash Flows.

These financial statements represent the first time that the Trustees have adopted FRS102
however the policies applied under the previous accounting framework are not materially
different to FRS102 the change of reporting framework has not impacted on the charity’s
Statement of Financial Activities for the year ended 31 December 2021 or its Balance Sheet
position as at that date.

1.2 Incoming Resources

1.3 Restricted Funds

Restricted Funds are to be used for specific purposes as laid down by the donor.  Expenditure,
which meets these criteria is identified to the fund, together with a fair allocation of
management and support costs.

1.4 Unrestricted Funds

Unrestricted Funds are donations and other income received or generated for the objects of
the charity without further specified purpose and is available for general funds.

7

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2021

1.5 Financial Instruments

The charity only enters into basic financial instrument transactions that result in the
recognition of financial assets and liabilities like amounts recoverable on invoices, other
debtors, amounts payable to providers of services and other accruals. Debt instruments being
amounts owed to and by the charity are accounted for at the amount that is expected to be
received or paid by the charity. Debt instruments receivable after more than one year are
initially recorded at the present value of future cash flows and subsequently accounted for at
amortised cost using the effective interest method.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand and balances in bank accounts with no notice
or less than three months’ notice from inception and are subject to insignificant risk of changes
in value

2 TRUSTEES’ REMUNERATION, BENEFITS AND EXPENSES

The charity did not pay any remuneration or provide benefits to any of its Trustees during the
year under review. None of the charity’s Trustees claimed expenses nor were any Trustees’
expenses met by the charity during the year.

3 TRANSACTIONS WITH RELATED PARTIES

There were no transactions with related parties during the year. Related parties include
Trustees, their close family members, their business associates, and any non-natural persons
which are controlled by any of these individuals or in which they have a significant interest.

4 COVID-19

Our ability to offer in-person classes has continued to be affected throughout 2021 by the
impact of COVID-19 on group activities.

For the first four months of the year, we offered online sessions using zoom.

From June 2021 we resumed some in-person activities on a trial basis but due to the vulnerable
nature of our service-users we exercised a cautious approach and sessions were run with
single-household groups and / or using outdoor space.

From September 2021 we returned to a more regular timetable of 7 classes per week and,
through working together with carer’s and service-users to ensure the ability to operate safely,
we were able to continue these through to the end of the 10 week term.

8
5 DEBTORS
Trade Debtors
6 CREDITORS & ACCRUALS

Accountancy Fees

Accruals

 2021
£
8,250
2021
£
530
1,060

1,590		 
9

STEPPING STONES LEARNING AND LEISURE (CHARITABLE INCORPORATED ORGANISATION)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

DETAILED INCOME & EXPENDITURE

Incoming resources from
generated funds:
Voluntary Income/Grants
Southwark Adult Learning Services
Peter Minet
United St. Saviours
TCS London
Camberwell Neighbourhood Fund
Barclays Community Grant
Bailey Thomas
St Faith’s PCC
Other Income
Membership Subscriptions
Interest Receivable
Refunds
Total Incoming Resources
RESOURCES EXPENDED
Direct Charitable Expenditure
Tutors
Salary/HMRC/Pension
Hall Hire
Office Expenses
Activity Expenses
Governance costs
Accountancy Fees
Insurance
Training
TOTAL RESOURCES EXPENDED		 Unrestricted
Fund
Restricted
Fund
2021
Total
2020
Total
£
£
£
£
-
17,750
17,750
12,250
30,000
-
30,000 20,000
-
-
-
8,775
-
-
-
240
-
3,138
3,138
2,500
2,065
-
2,065
-
10,000
-
10,000
-
394
-
394
394
42,459
20,888
63,347
44,159
2,535
3
-
-
-
-
2,535
3
-
3,000
11
15
2,538
-
2,538
3,026
44,997
20,888
65,885
47,185
Unrestricted
Fund
Restricted
Fund
Total
2021
Total
2020
£
£
£
£
-
18,423
18,423
19,280
-
28,683
28,683
24,656
-
1,059
1,059
1,268
-
2,027
2,027
932
-
2,173
2,173
2,184
-
52,365
52,365
48,320
-
630
630
644
-
700
700
651
-
522
522
-
-
1,852
1,852
1,295
-
54,217
54,217
49,615		 
10