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2024-03-31-accounts

Charity registration number 1187437

STONEWALL HOUSING CHARITABLE FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

STONEWALL HOUSING CHARITABLE FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Helen Randall Natalie Price Mark Byrne Joshua Millitt Willacy Andrew Limeburner (Appointed 31 July 2024) Phu Vinh Truong (Appointed 31 July 2024) Estela Barbosa (Appointed 31 July 2024) Bianca Hutchinson (Appointed 31 July 2024) Charity number 1187437 Registered office 008 Coppergate House 10 Whites Road London United Kingdom E1 7NF Independent examiner Sedulo London Limited Office 605 Albert House 256 - 260 Old Street London United Kingdom EC1V 9DD

STONEWALL HOUSING CHARITABLE FOUNDATION

CONTENTS

Page
Trustees' report 1 - 2
Statement of trustees' responsibilities 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 11

STONEWALL HOUSING CHARITABLE FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

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.

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:

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

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

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 enjoyed support from individual donors through a variety of platforms. Fundraising activity will continue to be developed in the coming months and years.

During the year, B&Q Foundation made a donation of £58,283 to support advice and advocacy work which Stonewall Foundation granted to Stonewall Housing Association to carry out those charitable activities.

Financial review

Income for this financial year was £90,256 (2023: £39,225) with the only expenditure being grants paid and support costs, leaving total funds to be carried forward at £106,050 (2023: £76,477).

STONEWALL HOUSING CHARITABLE FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Reserves policy

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.

Plans for future periods

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.

The trustees who served during the year and up to the date of signature of the financial statements were:

Helen Randall Natalie Price Mark Byrne Joshua Millitt Willacy Andrew Limeburner (Appointed 31 July 2024) Phu Vinh Truong (Appointed 31 July 2024) Estela Barbosa (Appointed 31 July 2024) Bianca Hutchinson (Appointed 31 July 2024) Mark Beale (Resigned 31 July 2024)

Recruitment and appointment of trustees

Recruitment and appointment of new 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.

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.

The trustees' report was approved by the Board of Trustees.

.............................. .............................. Helen Randall Andrew Limeburner Trustee Trustee 05/06/2025

Date: .............................................

STONEWALL HOUSING CHARITABLE FOUNDATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STONEWALL HOUSING CHARITABLE FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF STONEWALL HOUSING CHARITABLE FOUNDATION

I report to the trustees on my examination of the financial statements of Stonewall Housing Charitable Foundation (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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

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 financial statements to be reached.

Emma Houghton FCCA Sedulo London Limited

Office 605 Albert House 256 - 260 Old Street London

EC1V 9DD United Kingdom

18/06/2025

Dated: .........................

STONEWALL HOUSING CHARITABLE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
2
31,973
58,283
Total income
31,973
58,283
Expenditure on:
Raising funds
3
28
-
Charitable activities
4
2,372
58,283
Total expenditure
2,400
58,283
Net income and movement in funds
29,573
-
Reconciliation of funds:
Fund balances at 1 April 2023
76,477
-
Fund balances at 31 March 2024
106,050
-		 Total
Unrestricted
funds
2024
2023
£
£
90,256
39,225
90,256
39,225
28
168
60,655
2,372
60,683
2,540
29,573
36,685
76,477
39,792
106,050
76,477		 Total
Unrestricted
funds
2024
2023
£
£
90,256
39,225
90,256
39,225
28
168
60,655
2,372
60,683
2,540
29,573
36,685
76,477
39,792
106,050
76,477
39,225
168
2,372
2,540
36,685
39,792
76,477

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

STONEWALL HOUSING CHARITABLE FOUNDATION

BALANCE SHEET

AS AT 31 MARCH 2024

2024
Notes
£
Current assets
Debtors
9
-
Cash at bank and in hand
112,950
112,950
Creditors: amounts falling due within one year
10
(6,900)
Net current assets
Net assets
The funds of the charity
Unrestricted funds
The financial statements were approved by the trustees on .........................
..............................
..............................
Helen Randall
Andrew Limeburner
Trustee
Trustee
05/06/2025		 £
106,050
106,050
106,050
106,050		 2023
£
3,000
78,077
81,077
(4,600)		 £
76,477
76,477
76,477
76,477

STONEWALL HOUSING CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Stonewall Housing Charitable Foundation is a Charitable Incorporated Organisation.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

STONEWALL HOUSING CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

STONEWALL HOUSING CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 31,973 58,283 90,256 39,225 - 39,225

3 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Other fundraising costs 28 168
Expenditure on charitable activities
Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Grants paid 58,283 -
Share of support and governance costs (see note 5)
Support 572 572
Governance 1,800 1,800
60,655 2,372
Analysis by fund
Unrestricted funds 2,372 2,372
Restricted funds 58,283 -
60,655 2,372

4 Expenditure on charitable activities

STONEWALL HOUSING CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Support costs allocated to activities

Bank charges
Management charges
Governance costs
Analysed between:
Charitable activities		 2024
£
72
500
1,800
2,372
2,372		 2023
£
72
500
1,800
2,372
2,372

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

9 Debtors

Debtors
2024 2023
Amounts falling due within one year: £ £
Trade debtors - 3,000

STONEWALL HOUSING CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Amount owed to parent undertaking
Accruals and deferred income		 2024
£
5,100
1,800
6,900		 2023
£
2,800
1,800
4,600

11 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023 Incoming Resources At 31 March
resources expended 2024
£ £ £ £
B&Q Foundation - 58,283 (58,283) -

12 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023 Incoming Resources At 31 March
resources expended 2024
£ £ £ £
General funds 76,477 31,973 (2,400) 106,050
Previous year: At 1 April 2022 Incoming Resources At 31 March
resources expended 2023
£ £ £ £
General funds 39,792 39,225 (2,540) 76,477

13 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).