Charity number: 1187437 

## Stonewall Housing Charitable Foundation 

## Unaudited 

Report and financial statements For the period ended 31 March 2022 



Stonewall Housing Charitable Foundation 

## Contents 

For the year ended 31 March 2022 

Reference and administrative information  ...................................................................................... 1 Trustees’ annual report  .................................................................................................................. 2 Independent Examiner’s report  ...................................................................................................... 6 Statement of financial activities (incorporating an income and expenditure account)  ..................... 7 Balance sheet  ................................................................................................................................. 8 Notes to the financial statements  ................................................................................................... 9 



Stonewall Housing Charitable Foundation 

## Reference and administrative information 

For the year ended 31 March 2022 

Charity number 1187437 Country of registration England & Wales Date of registration 25 January 2020 Registered office and 8 Coppergate House operational address 10 Whites Row London, E1 7NF 

Trustees Trustees who served during the year and up to the date of this report were as follows: 

Helen Juliet Randall Chair Mark Ernest Beale Treasurer Lucy Elizabeth Pedrick Joshua Louis Millitt Willacy Natalie Beth Daniels Cynthia Fortlage Appointed on 25.05.2022 Natalie Price Appointed on 25.05.2022 Mark Byrne Appointed on 25.05.2022 

Bankers Unity Trust Bank Plc 9 Brindleyplace BIRMINGHAM B1 2HB 

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Stonewall Housing Charitable Foundation 

## Trustees annual report 

For the year ended 31 March 2022 

The trustees present their report and the financial statements for the period ended 31 March 2022 

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. 

## Objectives and activities 

## Purposes and aims 

Stonewall Housing Charitable Foundation aims to relieve Lesbian, Gay, Bisexual and Transgender persons in conditions of need or hardship by providing or assisting in the provision of accommodation, information, advocacy, advice and other forms of assistance for such persons who have a need thereof and by supporting those activities of Stonewall Housing Association Limited which are directed to charitable purposes. 

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes. 

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. 

Stonewall Housing Charitable Foundation is a subsidiary of Stonewall Housing Association and serves to raise voluntary, unrestricted funds for the organisation.  In order to raise funds, Stonewall Housing Charitable Foundation will perform a variety of activities including, but not limited to: 

- Application of grant funding 

- Encouraging individual and regular donations 

- Engaging with corporate sponsors / donors 

- Planning and hosting fundraising events 

- Encouraging gifts in wills 

All funds raised by Stonewall Housing Charitable Foundation will be held in reserves until the board elect to grant funds to Stonewall Housing Association. 

Stonewall Housing Charitable Foundation does not make any social investments. 

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Stonewall Housing Charitable Foundation 

Trustees annual report 

For the year ended 31 March 2022 

Stonewall Housing Charitable Foundation has not made use of volunteers in it’s first year of operation, however this is an area to be explored further in the future. 

## Achievements and performance 

The charity's main activities and who it tries to help are described above. All its charitable activities focus on the generation of unrestricted income and are undertaken to further Stonewall Housing Charitable Foundation’s charitable purposes for the public benefit. 

The charity was registered in January 2020 and has seen relatively little activity in this first two years with all activity coming from individual donations.  Fundraising activities will be developed further in order to maximise income and therefore the opportunity for funds to be granted to Stonewall Housing Association. 

## Beneficiaries of our services 

Stonewall Housing Charitable Foundation has been set up to support people in need of housing services, specifically for the lesbian, gay, bisexual and transgender communities, and to give advice to others on such matters. 

## Financial review 

Income during the year was £37,398 (2021: £4,872) and expenditure of £2,440 (2021: 38) leaving total funds to be carried forward at £39,792 (2021: £4,834).  All income was received through individual donors.  The Trustees consider that there are no material uncertainties about Stonewall Housing Charitable Foundation’s ability to continue as a going concern. 

The funds will be held in reserves until the board elect to grant funds to Stonewall Housing Association. 

## Principal risks and uncertainties 

The main risk for Stonewall Housing Charitable Foundation is that it will not realise its goal to increase the amount of unrestricted funds available to be granted to Stonewall Housing Association.  As the organisation does not have any employees, this risk is minimal. 

## Reserves policy and going concern 

The Trustees consider that there are no material uncertainties about Stonewall Housing Charitable Foundation’s ability to continue as a going concern. 

The reserves policy requires Stonewall Housing Charitable Foundation to maintain a working capital of no less than £5,000.  The surplus for the period will be held in reserves until the board elect to grant funds to Stonewall Housing Association. 

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Stonewall Housing Charitable Foundation 

Trustees annual report 

For the year ended 31 March 2022 

## Fundraising 

All of the charity’s activities are associated with fundraising and this is an identified area of growth for the new financial year. 

## Plans for the future 

Stonewall Housing Charitable Foundation will continue to focus on the generation of unrestricted income by ensuring registration with all fundraising platforms, the organisation of fundraising events, applying to grants and foundations, encouraging individual and regular donors and gifts in wills and engaging with Corporate Sponsors. 

## Structure, governance and management 

The organisation is a charitable incorporated organisation (CIO) registered as a charity on 25 January 2020 in England and Wales. 

All trustees give their time voluntarily and receive no benefits from the charity. 

## Appointment of trustees 

Trustee vacancies are advertised on the appropriate platforms and applications are particularly encouraged from those with lived experience of LGBTQ+ homelessness and from those who reflect the diverse characteristics of those the charity has been set up to support. 

When recruiting Stonewall Housing Charitable Foundation considers the skills, experience and diversity of current members and seeks to find new members to meet the necessary skills and to ensure it is representative of all LGBTQ+ communities. 

## Trustee induction and training 

New Trustees receive Stonewall Housing’s literature and induction pack. New members also receive a one-day induction into the services Stonewall Housing Association provide. 

## Statement of responsibilities of the trustees 

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and: 

- Select suitable accounting policies and then apply them consistently 

- Observe the methods and principles in the Charities SORP 

- Make judgements and estimates that are reasonable and prudent 

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Stonewall Housing Charitable Foundation 

## Trustees annual report 

For the year ended 31 March 2022 

- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

The trustees’ annual report has been approved by the trustees on 30 January 2023 and signed on their behalf by 

Helen Randall Mark Beale Steven McIntyre Chair Treasurer Secretary 

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Stonewall Housing Charitable Foundation 

Independent Examiner’s Report 

For the year ended 31 March 2022 

## Independent examiner’s report to the trustees of Stonewall 

## Housing Charitable Foundation 

I report to the charity trustees on my examination of the accounts of Stonewall Housing Charitable Foundation (the Charity) for the year ended 31 March 2022. 

## Responsibilities and basis of report 

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent examiner’s statement 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 1.accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 

- 2.the accounts do not accord with those records; or 

- 3.the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of the independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

David Stansfield ACCA Sedulo Accountants Limited Chartered Certified Accountants 62-66 Deansgate Manchester M3 2EN 

Dated 30 January 2023 

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Stonewall Housing Charitable Foundation 

## Statement of financial activities 

## For the year ended 31 March 2022 

|For the year ended 31 March 2022|For the year ended 31 March 2022|||
|---|---|---|---|
|Unrestricted<br>Funds<br>Note<br>£<br>Income from:<br>37,398<br>Total income<br>37,398<br>Expenditure on:<br>Raising funds<br>84<br>Charitable activities<br>2<br>2,356<br>Total expenditure<br>2,440<br>34,958<br>Net movement in funds<br>34,958<br>Reconciliation of funds<br>Total funds brought forward<br>4,834<br>Total funds carried forward<br>39,792<br>Transfers between funds<br>Net income for the year<br>Donations||Restricted<br>Funds<br>£<br>-|2022<br>For the<br>15 months to<br>31 Mar 2021<br>Total<br>Total<br>£<br>£<br>37,398<br>4,872<br>37,398<br>4,872<br>84<br>38<br>2,356<br>-<br>2,440<br>38<br>34,958<br>4,834<br>-<br>-<br>34,958<br>4,834<br>4,834<br>-<br>39,792<br>4,834|
||37,398|-||
||84<br>2,356|-<br>-||
||2,440|-||
||34,958|-||
||34,958<br>4,834|-<br>-||
||39,792|-||



All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. 

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Stonewall Housing Charitable Foundation 

## Balance sheet 

## As at 31 March 2022 

|||2022||2021||
|---|---|---|---|---|---|
||Note|£|£|£|£|
|Fixed assets||||||
|Tangible fixed assets|||-||-|
|Current assets||||||
|Debtors|4|9,000||-||
|Cash at bank and in hand||38,092||19,834||
|||47,092||19,834||
|Creditors: amounts due within 1 year|5|(7,300)||(10,000)||
|Net current assets|||39,792||9,834|
|Creditors: amounts due after 1 year|4||-||(5,000)|
|Net assets|||39,792||4,834|
|Funds||||||
|Unrestricted Funds|||39,792||4,834|
|Total Funds|||39,792||4,834|



Approved by the Board of Trustees on 30 January 2023 and signed on its behalf by: 

Ms Helen Randall (Chair) 

Mr Mark Beale (Treasurer) 

Mr Steven McIntyre (Secretary) 

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Stonewall Housing Charitable Foundation 

Notes to the financial statements 

## For the year ended 31 March 2022 

## 1 Accounting policies 

## a) Statutory information 

Stonewall Housing Charitable Foundation is a charitable incorporated organisation registered with the Charity Commission.  The registered office address is 008 Coppergate House, 10 Whites Road, London E1 7NF. 

## b) Basis of preparation of financial statements 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in lhe UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102) and the Companies Act 2006. 

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. 

## c) Public benefit entity 

The society meets the definition of a public benefit entity under FRS 102. 

## d) Going concern 

The Trustees do not consider that there are any sources of estimation or uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. 

## e) Income - donations 

Income is recognised when the society has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. 

## f) Fund accounting 

Restricted funds are to be used for specific purposes as laid down by the donor.  Expenditure which meets these criteria is charged to the fund.  Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. 

## g) Expenditure and irrecoverable VAT 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: 

- Costs of raising funds relate to the costs incurred by the CIO in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. 

- Expenditure on charitable activities includes the costs of delivering services to further the purposes of the society and their associated support costs. 

- Irrecoverable VAT is charged as a cost against the general overheads 

## h) Debtors 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

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Stonewall Housing Charitable Foundation 

Notes to the financial statements 

## For the year ended 31 March 2022 

## 1 Accounting policies (continued) 

## i) Cash at bank and in hand 

- Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## j) Creditors and provisions 

Creditors and provisions are recognised where the society has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

## 2 Analysis of charitable activities expenditure 

|Analysis of charitable activities expenditure|||
|---|---|---|
|Support costs<br>Accountancy fees<br>Management charges<br>Bank charges|Unrestricted<br>2022<br>£<br>1,800<br>500<br>55|Unrestricted<br>2021<br>£<br>-<br>-<br>-|
||2,355|-|



## 3 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel 

There were no staff employed by the charity (2021: Nil). 

No trustee received remuneration or reimbursement of expenses (2021: Nil). 

## 4 Debtors 

|Debtors|||
|---|---|---|
|Trade debtors<br>Owed to parent company<br>Accruals<br>Creditors : amounts due within 1 year|2022<br>£<br>9,000|2021<br>£<br>-|
||9,000|-|
||2022<br>£<br>5,500<br>1,800|2021<br>£<br>10,000<br>-|
||7,300|10,000|



5 Creditors : amounts due within 1 year 

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Stonewall Housing Charitable Foundation 

Notes to the financial statements 

## For the year ended 31 March 2022 

- 6 Creditors : amounts due after 1 year 

|Owed to parent company|2022<br>£<br>-|2021<br>£<br>5,000|
|---|---|---|
||-|5,000|



- 7 Ultimate Controlling Party 

The company's ultimate controlling parent undertaking and controlling party is Stonewall Housing Association, a registered FCA Mutuals organisation (number IP24277R). Copies of the consolidated financial statements are available from Mutuals Public Register. 

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