CrIty rnglstratlon number 1189497 STEPHEN'S PLACE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 4APRIL 2024
STEPHEN'S PLACE LEGALAND ADMINISTRATIVE INFORMATION Tru$ts•s H Rhodes Bsc. Hons C Bain C lfjrkham IAppointad 8 January 2025) Charfty number 1189497 Prln¢lp•l •dd¥•o8 17 Bèresford Road SoLthend on Sea Essex SS1 2TW Ind•p•nd•nt oxamln•r P A Stafford FCCA 457 South¢hurch Road Southend on Sea Essex SS12PH
Document Activlty Report Documenl Sonl Thu, 05 Jun 2025 12:47:42 GMT Do¢umgnt Approv•1 Status pproved Approval Act)vty Summary Helen Rhodes Bsc. Hon$ Fri. 06 Jun 2025 08'.28'.50 GMT Docufflent AGtlvlty Hlstory Document history 8hows m$t rncenl a"¥Ity f¥sl Dat• Acllvlty Fri, 06 Jun 2025 09..28..28 GMT Helen Rhodes Bsc. H(¥ Approved the document Fri. 06 Jun 2025 09'.26'.07 GMT Helen Rhodes 8sc. Hons vlawed the document Frl. 06 Jun 2025 09..23..44 GMT Helen Rh¢xle$ Bsc. Hws vlgwed the do¢umenl Thu. 05 Jun 2025 12:49:00 GMT Documènt Sent You can verify that this is a genuine Portal doCunI by uploading it to the fdbwing secure web page.. hI4)8:Iltblac¢ountantsttd.•c¢ountantspa.¢o.UkImO8sa98s1V0rlfyDO¢uMOnt
STEPHEN'S PLACE CONTENTS P•g• Trustees. report Independent examirnfs pt ststemenl of finantial aclivbtitis Balance sheet Nots$ lo the flnanoal ststeTrwnls 7-15
STEPHEN'S PLACE TRUSTEES. REPORT FOR THE YEAR ENDED 4APRIL 2024 The trustees prow)I Ir annual report and ffinanua statements for the year end•d 4 April 2024. The finanoal statements have been prepared in •Iance with the accthinling policies set out in note 1 to the financial statements and compty with the chanty's )nStitU11Dn. the Chanb"e$ Acl 2011 and 'Accounling and Reporting by Charities.. Statement of RecOMmer Practice ap1¢ae to tharities weparing Iheir accounts in accordance with the Finanaal Repth"ng Standard appli(8ble in the UK and Reput4ic of Ifdand IFRS 1021" {effective 1 January 2019). Oblective and actlvilies The charity's obj8Cts are the rel1 of po. Socaal exdusion. hardship and distress of those who are in nditionS of need while Pfomoting and farAlitsb"n9 integraiion into society. The trvstees have papl due regard to 9UvJar issued by the Charity ComMissn in de(¥ding whal activities the charity should undertake. Aehl•v•ments nd p•rfornMnce 2024 was 4 produdive and suotessluS year where we were able to meet all the ¢yiteria of our goals and objectives. Our Tuesday moming Braakfasl Club tInUeS to gruw #nd flourish and we are pmiding Breakfasts for over 100 very vulnerable people. W• are aL%o lo proVe a sign posting hub where people arg also helped lo fill out foms lo help wth benefits and lor emFAoymenl, somg ¥c4untary and s(Nxe paJ. Gre8n Pastu$ CBS Ltd, a Christian sotial Charity 15 wow(Jing us wrfh support ant1 we have had several wsits from our co-ordinator as wel as the founder of Green Pastures who wa$ able to gNe us Invaluab aoknce and provided the monay to buy and fft nw4 flooring in the bathroom at one of our houses. As well as the partnership with Green Pastures, Stephen's Place has renèwed their assocaalion wth Southend Cty Baptist Church and we are working dosely with them and encouraging ouc residents to take part in $ome of the work$hops they run. Cooking is a very popular a¢Xiwty, and our residents have partsken in these courses in Basic Cooking. )QkIng with tins, {making the most ol food from the food bank food) and advanced cookn'ng and have reNed rArtfficales. We h3ve also been aSed a 2 bedroom Ilat on SouthÈnd sea front whi¢h is for those with less needs and g'ving them the chance to flourish and be Teady for independent Iing. We are enojuntering problems wth moving people onlo more independènt lifestyle5 as the OTh accommodab.on availabl& is often through a private sector Landk)rd and rents a very high which makes it èsF)ecialty for mosl of our guys whose jobs a usually quite low paid and menial tasks. To thi$ ènd we are tying to find ways to help develop $kills and also encouragè our guys to pattsko in further educalion $0 they wll be able to find bètter jobs. We are also k)oking into ways lo open our own enterprisè to facilitate employment and training. One bein9 upcyding togelher wlh 8 smal café. This year h¥$ bgen extremely busy biinginy in new challenges espeoalty around Ihe cCept of èmplow'ng staff and that enl•ls. In April 2024 we were employin9 4 paid staff and alihough we have had a 51aff tum around we now have 5 paid staff and 3 vdunteers. 2 vdunleers being Trustees. One rnember of staff is stsll wrth us from last year so W8 have 4 new staff, al of whom are worknng règularty wth adnwn and one totslty a(kninistratiorL In JU 2023, w8 wred a sealwnl Ilat 2 Sle1. makn.ng a total of 22 bed pLaces. Since the bèginning of the of Ihe ffinancaal year iyynmencing, April 5th 2023. the o¢oJpancy rate has been 95•A the charity has provided 8,030 available night spa¢es for 22 peoe, Ihat leaves a total of 7.629 places taken for thi5 year. We have looked al several larger properties wilh the propensrty of bng able to provide moro moving on accommodation but to date we have nol been successfvl al purchawng any larger properties. We havè Also looked at land and CoMmerri propèrts.ès to try to acquire a place for our up Cyding and café enterprise but again without success at finding the right opportunty. We have not taken on any other properties this year but are working hard lo be able lo provide support and a¢o)mmodatKJn of excellence. Our growth has still shown a good increase as we havè been able to make the properts we have more cornfortae and suitatAe for our rednIs.
STEPHEN'S PLACE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 We rKew8d £5,000 n( restricled fvnding from H8dey Fund9 whKh was used kn ¢>)re $ts and also o)sts for lood and dothing for our new resthnts who came lo us wth nothing bul the dothes they were wearing. A lurther £7¢ non restricted fvnds was receNed from The Albert Hunt Fund and was again usod for coro costs as well as bedding, and thing5 to make life $asr and more comfortable for our reshlents. £10,000 resth"¢ted lunding was given lo us by Essex Cornrnunty Funding and was for our breakfast dub and induded staff wages as well as food for the breakfa51s. It was amazing to be able lo purchase fresh fruit for Ihe bfe3kfa$t dub. We feceNed a $o¢ond payment from the CIB, Communty Inveslmenl Board whith was for staff costs fw emer9en¢y care and nHJhl lime care. This restricted payment was for £13,104. Another restn"¢ted payment wa$ pakl to us by the Community Inve$lment Board and was for staff wages c4Ne costs. Our breakfast dub for the communty continues lo fiourish and is sustsined with dcallOnS from those recemng the breakfasts. by other5 in the Community and from grants. At present we a giving a Irg9 Igive whal you Gan afford full cooked En91ish Breakfast every Tuesday moming and are sng over 100 of the most vulnerable petsple in Soulhend. In April Slgphen'$ Place had a s$re ts'ke ri¢Je. Bikes had tjeen donated lo us the year before by Southend Counryl's Active Living prc¥notion. didnl raise any money but il was very good for our profile with 20 of our guys and fn.ends of Stephen's Place tsking part in a 20 knlomeler bike ride out lo Canewdon and ba¢k. W9 will ty to do this gvery year in the hope that it wiu become a [ed event in the Cty. The Trustees arè aware of their duty under S.17 of the Charitses Ad 2011 lo have due fegard lo Ihg Public Benefit Guidance publisheil by Ihe Charity Comrnission. A5 su¢h, the Truste8s ensure that the a¢tiw"lS of the Charity arg for the public benefil. Flnanclal revl Incoming resources in the year have increased from £161,898 12023110 £339.361 {20241 whil$l expenditure has increasèd from £171,302 120231 to £307,54312024). The inuéase represents an increase in o)re fundbng for the housing of residènts, pfoportwale lo the grovrth in resident5 5UPPOrted. The increase in expenditure rèlates lo tha acquisition and refU1$hment of a Ilmrd wemises and the exiensK)n of supwrt offerod lo residents. The charity made a surplus of £31.818 in the year compared lo defiot of £9,404 in 2023. The charity has an established fvndg relatK)nS"p wilh IC authoribes and an extgmal support relationship with an established housing chanty. Green Pastures. These relalion$hips have allowed the charity to grow over the 2024 year and establish reasonabl8 reserves, as diswssed bdow. There is no dThtron that ether relationship 1$ likely to end wlhbn the next 12 mnths and so Ihe Tru51ee consider the charity lo repr¢sent a going conce¥n. It is the policy of the charity that unrestricted funds which have nol been designated for a us8 should be maintained * an equivalent of up three months eXpendrtu. The TIu5tee5 ¢onsid•r that reserves at this level will ensu that, in the event of a signffit drop in fvnding they will be able to ¢x)nb"nue the charity's curront acb'vities while ¢on$ideralion is given to ways in whif* addItnal funds may be raised. Thks bvel of reserves has mainly been maintsined The costs incurred in bringing the new woperties lo a sultae 5tsndard has bead lo us tsking hyo loans to support the unrestricaed fvnds of the Charity Ihus ensuring that the Charity 1$ not using restn"¢ted fijnds to support the Charity. stru¢tvre. govem•nc8 and m•nagomont The charrty is a ¢haritable TrnrA)rpcrfation (ygani$a and is go¥Rmed by the tern)s of its th)slitution. The trustees who served during the year and up to Ihe date of Signattxe of the finanaal stateMts were.. H Rhodes Bx. Hon8 C Bain A Waite K Bryan C KIharn (Re$KJned 18 August 2024) (Appointtrd 21 January 2024 and resigned 31 ju 20241 (Appointed 8 January 2025)
STEPHEN'S PLACE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 Trustees a recruTted from suitable voluntÈefS. WTth due ward gNen lo the skills kn¢xvlge and experience n88ded for effèctive adminislrations of the c8nty. All trustees. 8part from the first trustees, musl be appointed by resolution passed at a properfy c£vened meeb'ng of the tharity trustees. The trystees. report was apwoNd by the Board of Twstees. H Rhodes Bs¢. Hons Trustee Dale: .................
STEPHEN'S PLACE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STEPHEN'S PLACE l ieport to the Iru$lee$ ¢)n rny examinalion ol Ihe finants81 slalemants ol Stephen's Place (the tharityl for the year ended 4 April 2024. R•pon•ibilitie• nd ba•1 ol rnport As the trustee5 of the chanty you are responsible for the prewalitin of the fir¢JaI stalements in accordanc wi¢h the requiromenls of the Charities Act 2011 (the 2011 Act). I report in respect ol my examinatKin of the charity's financral statements carried out under seclotsn 145 01 the 2011 Act. In carrying out my eXaMallon I have lollowed all the applicable Dirg19$ given by the Charty Cofflmlssion urbdef ¥OCtion 14SISllbl of the 2011 Act. Ind•p•nthnt •xamln•rf• •tst•m•nt Sincè the charty's gross income exeded £250.CW youf examin&r mu$t be a member of a body li51ed in seclion 145 of the 2011 Act. I confirm that l am qultfied to undertake thè examinali¢)n baUSe l am a member of Associatkn of Chwtgred Cerlrfd Ac0)Urts, which is one of Ihe lisl•d bodies. Your attenllon18 drawn lo th• lact that the chwty has prepaffjd fanCA41 8tatsm•nts In accordance wrth AC)unt9 ond Reporting by Charities preparing their ac¢ounls in accordancg with Ihe Financ4al R8porting Standard applicable in the UK and Republic ol Ireland IFRS 102) in preference to the Acttjunting and Rgporting by Charitie¥'. Statement of Recommended practi issu6d on 1 Aprfl 2005 which is roferr•d to in the oxtsnl regulatlons bul has now bwn wllhdrawn. l understand that this hgs boen done in order fof ffingn¢lal 8talements lo prowde 8 true and f8lr Sn accordance wrth Generally Accepled Ac¢ountsng Practice offectNe for roports'ng perK>ds b8ginn¢ng on or after 1 January 201S. I havè compleled my examinatton. I conllrni thal no matters havè com• lo my attgntion In Conn8Gth with thè examination giving m& causg to believo that in any material respect.. occounling records werg rbol kept in rtspecl of Ihe tharity as reqred by s•c¢)n 130 of the 2011 Act.. or the financial stalemenls do not ac£crfd with those rgcord¥,' or the financgal statements do nol compty wrth the applicable requirèments concoming the form and conlenl ol accounls sel out in the Chantles (Accounts ar Reports) RegulatnS 2008 other than gny requir8m8nt Ihal Ih accounts give a true and lair Mew which is not a matter consm1trd as part of an independent examinallon. I have no concems and have come 8¢ro$s no othtsr m•tters in connection with the •x•minotr'on to which attenlbon Should be drawn in this report in ofder lo enabl& a proper understanding ol ihe financial statements to be reached. A Stsfford FCCA 457 Souththurch Road Southend on Seg Es$ex SS1 2PH
STEPHEN'S PLACE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 4APRIL 2024 Unr•8trl¢tsd R•$trlct•d funds lund¥ 2024 2024 Total Unrn$trlct•d R••trf¢t•d fund• funds 2023 2023 Tol*l 2024 2023 Notr• In¢ome Irorn: Dongtions and le9acle$ Charitablè actlvllie8 298,708 7,551 33,104 331.810 7,551 118,361 8,886 34,671 153.032 Totsl In¢om• 306,257 33,104 339,381 127,227 34,671 181,898 Charttable actlvllS05 oth expendSturo 284,749 42,395 307,144 145,585 82 25,635 171,220 82 Total expenditure 265,148 42.395 307,543 14S,687 25,635 171.302 N•t In¢omell•xp•ndltur•l 41,109 {9.2911 31,818 118.440) 9,036 19.4041 Transfers bae0n (und$ 14591 459 16B1} 881 N•t mov•m•nt I lundg 40,650 18.8321 31,818 119.121 9,717 19.404} R•¢onclllatlon of fund•: Fund balan¢és al 5 Apdl 2023 19,4421 9.717 275 9,879 9,679 Fund bthtsnc at 4 Aprll 2024 31,208 885 32,09J 19,442) 9,717 275 The $18tem8nt of financlal actlvllies indudes all galn8 and108$•s recognlsed In th6 year. A15 income and gxpenditurè derive from continuing activities.
STEPHEN'S PLACE BALANCE SHEEr AS AT4APRIL 2024 2024 2023 Not• Flxed a8$•ts Tangible assets 11 10.789 Curr•nt ¥••ts Debtors Cash al bank and in hand 12 697 31.841 32.538 Crodltorn: amounts t•lllng du• wlthln on• y•ar 14 9.929 13.317 Nel current aSlS1(abI1rtI8s} 18,309) Total a•••t• l••• Gur¥•nt Il•bllltl 32,093 2,480 Credltorn: amounts l•lllng du• •ft•r mor• than on• y•ar 16 12,2051 N•t ••Mts 32.093 275 Th• ld$ ol th• charfty Reslricteil Inm¢ furKI# Unreslricted lunds 885 31,208 9,717 19,442 32.093 275 The financial 8latem•nts werg approvod by the trust808 ¢n ... H Rhodes 8sc. Hons Tru#ts•
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2024 Accountlng poll¢l•• Ch•TIty InfornlI0n Stsphen's Plac is #n uninccrfporaled ¢haritat4& OrglsaI10n. 1.1 AG¢ountlng con¥•ntlon The financial slalements have been prepared in a¢¢ordancA wrth ihè ¢harty's constitution, Ihe Charilies Act 2011, FRS 102 'The Financial Reptrn9 Stsndard applicable in th& UK and Republlc ol Ireland. fFRS 102.1 and the Charilies SORP "Accounting and Reporting by Charities". Slateml ol Recommended Practice applicable lo ¢harilies preparing th•ir accounts in accordance with tho Financial Reporting Standard applicable in th• UK and Republ of Irdand {FRS 1021- leffe¢tive 1 January 20191. Th8 charty is a Public Benefrt Entty as defined by FRS 102. Thg charity has t4k•n advantsge of the prowslons in th• SORP for tharts8s not to prèpare a Siatemenl of Cash Flow$. The financial statements have dep8rted from the Charrtios (Accounts and Report$l Rggulalions 2008 only to Ihe extent required to provKle a true fair VKW. This d•p•rture has involved following Ihe Statement of Rg¢ommendod Pradice for chantie5 appn9 FRS 102 rather than th& v8fsitsn of the Stal8m8nl of ReCommerd Practice whKh is referreil to in the Regui8tions bul whith has since been withdrawn. Tho finanthal slalem•nls are prepared in stwlrng, which is the lunctthgl of the charfty. Monetary amounls in these flnanual sialoments aTO rovnde(I lo the nearesl £. The financjal statements have been prepared under tha histlC81 ts)st cOnnI00n, Imodlfied lo Include Ih revaluatlon of freehold properties and to indude investment Pfoperties and certain fancial instruments al falr Vall]. The pnncipal actsjunb'ng policies adopled are set out belrm. 1.2 Golng con¢•rn Al th8 time of approng the ffinanckql Stslemenls. tho Iruslees have a rea60nable eXClaI10n Ihal the ch8rfly h88 adequate resources to ¢yJnb'nu• in operational existence for the foreseeable ftrture. Thus th8 trustees continue lo adopt the going c4Jn(m bas18 of 8¢c¢unting n preparfng the fingncial ststfjrnts. 1.3 Chrltabl• fvnd• Unrestricted funds sr• avaable for use al the di5tt6tion of the twslees in fvrtheTanc of Ihwr charilablg objectives. Restrlcted fvnds are subject lo speuffc conditions by donors or grantors a$ to how they may be used. The purposes antj uses ol the restricled lunds are set out in the notes lo the finana#l Siemènts. Endowment fund5 aro Subieci to speok nditIOnS by donors thal tho raprtal musl be maintained by the Charity. IA Incom• Income is recognised when the charity is palty entrtl8d lo il after any perfomwnca conditions havo bggn mgt, Ihe amounts can be moasur•d reliabty. rt is yobabfe that income wll b• recoived. C88h donations ar& r8eognis8d on r8C8iPt. Oth•r donations are recognised once the charity has notifigd of thè donatiLV). Un$S perfom7ance condttions require deferral of the amount. Incorne tax roeov•rabl• in relation lo donations received under Gfft or deeds of covenant is Tecognised at the time of the donation. L•gacAes are recogni5ed on Terlpt or otherwrise rf the ¢Ywty has nobfied of an impending disiribution. the amount is known, and receipt is expec*ed. 11 the am¢)unl is kncTh¥n, the le9ary is tr8at&d as a conling•nt assaL
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 Accounting pollcl IContlnu•d) Gr8nl incomg, induding government grarts, is r)gnISed whèn the Charity is legally entiU8d to it aner any Performan condith?ns have been met, the amounls can be measured relrably, and it is probabty that ino)me will be recéived. 1.5 Exp•ndltur• Expendrfure is recognised once there is a legal or constwclive obligation lo transfer enOMiC benefit lo third party. it is probable that a transfer ol econom ben¢fils will bg raquir in settlement, and Ihg amount ol th• 014110n be me8¥ured reliabty. Expgnditure is da58rfd by ¥¢tMty. Th• c¢sts of ea¢h athity are madè up of the tot of direct costs and Shared 3t$, induding support oJ315 invofved in urbdertaking each actmty. Dirgd co$ls 9ttriblrtab to o slngle aclSvity are allocated dire¢lly to Ihal acts'wty. Shared cost5 whith contribute lo more than one actfvty and s(tpport costs which are not èttsibulable lo a sin910 a¢Xiffji are appO.oned between those adivilies on a basis consislenl vA¢h the use ol r850urc85. Central staff costs #fe ollocglgd on th8 b88is of lime spent. and d8Pf8¢ia'on are all1•d the olthe 385eYs uso. 1.8 T•nglbl• fix•d i•••ts Tangible fixgtJ assets are inrtialty measured al o)st and subseqnIty MeTed at cost or valuation. nal ol depreGiabon and any impairrnenl losses. Depr8dat is r8¢ognised so as lo write off th• cost or valuation ol •sMts I their resKlual values over Iheir usefvl lives on the following bas•s'. Leasehold improvemonts Plant and equlpm&nl Computers Motor hle5 O years slraighi linè 33% reducang balancé 60% reducing balanc• 25% reducing balwKe The gain or loss arising on the disposal ol an a$t is delermined 8$ Ihe dffterenc4 b&lwgen th• salo proceeds and the carrying value ol the assel. and is recogrused In the slalemgnt of financ ath'vilies. 1.7 Impalmwnt ot fix•d a•••ts Al each rèporting end date, the ¢arity carry9 amounts ol It8 langiblo 833gls lo d•t8mine whgther there is any indication that those assels have suffered an impainnenl bss. 11 any $u¢h indication exists. the coverAbl wnount of the a88•1 is e$lKnalod in order lo dolennO ihe extenl of the impairmenl loss Irf any). 1.8 C•$h and c••h •qulvl•nts Cash and Cash equivalents indudo cash in hand. Jgposrts held al Call th banks, other 8hort-temi liquid Investments with original fflaturilies of months or less, and bank overdrafts. Bank overdrafts are shown thin borrowing$ in rren1 liats.lll$. 1.9 Flnnclal In•lJum•nts The charity has elected to aPF4y thè proviwons of Secb'on 11 '6a$¢ Financ41 In5twuments' and S•ction 12 'othor Financial Instruments Issu•s' of FRS 102 to 811 of its finarwl instruments. Financial Instruments afe recognised in the charitys balance sheet wh•n the dwrrty becomes party to the conlractLbal prowsions ol the instrument. Financial assets and tiabilitie5 are offset. wih the net 8nwunts presented in the fmancAal statements, when there is 8 legally enforceable right to Set off tha recognised amounts and there is an intention to settle on a net bayis oi to r8alise the asset and setue the liabilty simullaneousty.
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 Aecountlng policlej IContinu•dl 8a¥l¢ Iln•nel•l $•ts B88ic finanaal assets, whlch indude debtors and cash and bank balanc85. are measurèd at transacuon price indudbng transaction cost$. FinancAal assets classified a¥ receivable within one ye8f are not arnortised. Baslc Iln•ncl•l Il•bllltl•s Bosic financial li8bilities, Includlng creditors and bank loans are recognised al transacti¢)n price. Finandal Ilabililie$ classified as payabl• wilhin one year ar• not amorts'sed. Tr8de cr8drtOT8 are obligations lo pay for goods oi Ihal have be•n aUired in t ordinary course ol opefalions from suppliers. Amounts payable are c4assified as rJJrTenl liabilrties rf payment ig dug within one year or le88. If not, they ara presentèd as non-currenl liabilities. Trod8 creditor6 ar8 recognised al transaction price. D•rKognltlon olfln•ncl•l Il•bllllle¥ Financial Ilabililias arè derecogni$•d wh¥n the charfty's contractual obligallon8 gxpira or ar6 dl8charged or cancelled. 1.10 Employ•• b•n•llts Thg Cost of any unu8ed holiday enlillemtsnl 1$ reo)9nised in thè perfod in which lh• èmployee's servi6 aré rec•ivad. T6mln8lion beneffits are recognised lrnmedialely 48 an expense when the charlty is demonstrably committod lo lomlnale the employmant of an employeo or lo provlde lèmilnalion bon&fils. Crltlc•l accountlng ••tlm•t•• •nd ludg•m•nts In tho applS¢alion of tho charit18 a¢countin9 pollcies, Ihe Iru8lees are rgquir•d lo make ludgemonts, •slimalt8 and 8s$umptions about the carying amount of assets and liablllties that are not readi apparent from other sources. Thè estimates ond assoaalèd assumptions ar8 based on hi$loric81 experien and other factors that 8r8 considored lo b• rolevanl. Actual results may drfler from thos• estimates. Th& estimates gnd underlying a88umpllons aig revi8w8d on an ongoing ba$i$. Revi5ion8 10 acmunling eslimales are recognised in the period in which Ihg esllmale is r8vised where the revlsion affec15 only Ihal period, of in th8 period of Ihe revi3ion and future periods where the revision affect$ both current and future perlods. Incom• from don•tlons And leg*cl•• Unmtrl¢ted R•strlct•d fund• lunds 2024 2024 Total Unrn8trfct•d R•8trlcted funds funds 2023 2023 Totsl 2024 2023 Donations and gifts Grants receivable 350 298,356 350 331.460 6,299 112,062 6,299 146,733 33,104 34,671 298,708 33,104 331,810 118,361 34,671 153.032
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 Incomo from ¢h•rltabl• activili Unrg4trl¢t•d UThre8tslct•d fund• funds 2024 2023 Charltsble Incom• Sale ol goods Other inrne 7,551 8,866 Charftsbl• •¢tlvltl•• Gh•rft•b •xp•ndlturo 2023 2024 Staff cosls Depreciation and impaimgnt Charitable expendilure Freelance labour Premises r8pa¥s and ronv44$ Ral08 38,154 2,487 180,408 54.543 5,143 17,832 1,550 101,448 20,252 3,3¢)0 185 280,735 144.507 Sharè of 8UPPOrt $1••0 note 61 28,409 26.653 307.144 171.220 An•ty•l• by lund UnreslrKted funds Restricted lund$ 264,749 42,395 145,585 25.835 307.144 171.220 10-
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 4 APRIL 2024 Support costs Support Governance costs costs 2024 2023 Ropair5 Rates Llghl & heat Sundry Insuran Tel•phon• Subsc¥iptionB Accountancy Compul&r expenses Motor runnlng co$ls 535 5,012 7.710 4.080 1,615 975 1,407 2.839 885 1.815 3,004 8,560 2,788 2,565 1,804 1,880 3,158 10 2,664 8,560 2,788 2,565 1,804 1,880 3,158 10 2,864 26,409 26,409 26,653 An8lysod bae0n Ch8thable 8Qtivilies 26,409 28,409 26,653 Wrthin accountancy c08ts £1,500 (£1,250 20231 relates lo the costs for Independent Exomln811tsn. Remaining exp8nsttB relate lo payroll and 8QuntancY service8 provlded. Tru•t• A Trustee, H. Rhodes W88 pald a Surn of £8,420 12023 . £7.44011o provlda administrative services lo the charity. H. Rhod•s also provided a short term cashffow loan to Ihè chartty of £3,560, which does not accrue any interest and 18 rgpayablg on d•m#nd. Al the year end dale, thi$ loan ha5 bè8n wholly repald. H Rhodes waB also paid £1,80012023 - £1.1101 in rgimbursgmenl ol rea80nable travel expens•s incurrèd in her rol• as a trustee of the charrty. Employ••• Employm•nt CO8ts 2024 2023 Wages and salarfes 38,154 77,832 No employees received emoluments over £fi0,)0 furtherno. no employee oflhe charfly recelved lolal employee benefrt of over £10.000. All employee5 of the charty worked in a part lime capaiity. These part timo employees represent the equivalent of a two frjll lime employees.
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 Employee8 Icontlnued) Therg wer9 no employees vthose annual remuneration was more than £60,000. othor expenditure Unre¥triGted Unr••trict•d funds funds 2024 2023 FinancAng costs 82 82 10 Taxatlon The charity is exernpl from taxation on ils a¢tiwilies because al 11$ income is applied for charitable purposes. 11 Tnglbl• fixed assets L•a8•hold Plant and Impro •qulpmont ¢ompuhrn o¢or v8hlcl•B Co$t AI SApril 2023 Additions 7,370 929 1,969 13,339 1,182 253 Al 4 April 2024 8,299 1,969 253 14.521 Deprn¢latlon and Impaim*nt Al 5 April 2023 Daprecialion charged in the year 150 1.383 650 43S 1.750 2,550 2,487 At 4 April 2024 1,533 1,085 2.313 5,037 Carylng amount At 4 April 2024 6.766 147 1,687 9,484 At 4 April 2023 7.220 1,319 2,250 10.789 12 Debtors 2024 2023 Amounts fallln9 du• wlthln one year., Other debtors 697 68 12-
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 4 APRIL 2024 13 LnI •nd ov•rdraft• 2024 2023 Bank loans 1,769 5,082 Payable within on• yaar Payable after one y8ar 1.789 2.877 2,205 14 Cr•dltorn'. •mount falllng du• wlthln on• y•ar 2024 2023 Not•# Bank loans other IallOn 8nd Social saujrfty Oth8r creditors Accfual8 and def8rr8d income 13 1,769 2,412 1,383 4,385 2.877 974 8.180 3,286 9,929 13,317 IS Cr•dltorn: •mount• falllng du• Iftor mor• th•n OD• y•Ar 2024 2023 Not•• 8ank loans 13 2,205 18 RMtrfct•d lund• Th& r&8lri¢t&d funds ol Ihè eharily comprise the unexpended balanc6$ of donations and gfanls held on trust su'ect lo speofio conditions by dorr$ 8$ lo how they may bè used. At S Aprfl 2023 Incomlng resou•* R••ourc•s •xp•nd•d Tr•n•fern At 4 Aprll 2024 SOS Core Cost$ Funding SOS StAff Costs Funding Essex Community- Breaklasl Club SC18 . Ovemight Support SCl8- On Your Bike 10,000 13,104 110,0391 113,1041 39 10,000 (10,0001 18,8171 14351 8,397 1,320 420 885 9,717 33,104 142,3951 459 885 13-
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 16 R•strlct•d fund• IContiThu•dl Pr•¥lous y•ar: At 5 Aprll 2022 Incomlng OU RVJou• •xpend•d Trnnsf•rn At 4 Aprll 2023 34,671 125.8351 9,717 Al the year-end dale, Ihe onty rgmaining balance of restricted fiJnd$ relales lo the NBV of assets purthas8d with the funding reIVed. This remaining balance is to b• released as d•preaalion, in iccordance with the accounting polic4e¥. 17 Unr••trl¢t•d fund• The unrestrlGlfjd funds of thé ethaiity comprise the Unexnded balances of donatlons and grants which aro not subject lo conditn$ by and 9ranlors a$ to how they may be used. The$e indudg designated fund5 whid) have been set aside out of unrestn.cted lunds by the truslees for speuffic puOse8. At5 Aprfl 2023 Incomlng R••our¢•• rnsourc •xp•nd•d Tr•nl•rn Al 4 Aprll 2024 G•neral lund8 (9,4421 306.257 1285,148) {459} 31,208 Pr•Ylou• y•ar. AtSAprfl 2022 Incomlng RMourc•• •xp•nd•d Tv•n•f•rn At 4 Aprll 2023 General frJnds 9.679 127.227 1145,86n {6811 19,4421 18 A1$ of n•t •M•ts b•tw••n fund• Unre•trl¢tsd Re•trkl•d fund• fund• 2024 2024 Tol*l 2024 Fund bol•nc•• at 4 Aprll 2024 •rn r•pv•••nt•d by: T•ngiblg assets Current assetsllliabdilio$1 8.599 22,609 9.484 22,609 31.208 32,093 14-
STEPHEN'S PLACE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 4 APRIL 2024 18 Analy•l• of nel assets bol•n fund {Contlnu•dl Unr¢•tslct•d R••tricted lundg funds 2023 2023 Tol¥l 2023 Fund b•knncu •t4 AprS1202J •r• rnprewit•d by: Tangible assets Current a¥ts1{abI1itS) Long term lialItieS 9,470 {16.707) 12,20SI 1,319 8,398 10,789 18,3091 12,2051 (9,4421 9.717 275 19 Rel•t•d party tran••¢tlon* There wère no disdosable felaled party transactlons during the year12023- £6.930). 1s-
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