REGISTERED COMPANY NUMBER: 01389730 (England and Wales) REGISTERED CHARITY NUMBER: 509812
Report of the Trustees and
for
H ’ imited
JP Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
Stockton Churches Mission to the Single Limi
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | ||||
|---|---|---|---|---|
| Report oftheTrustees | ||||
| Statement ofTrustees’ Responsibilities | 1 | - | ||
| Objectives and Activities | 1 | F | ||
| Achievements and Performance | 2 | |||
| Financial Review | 5 | |||
| Future Plans | 6 | |||
| Structure, Governance and Management | 7 | |||
| Reference and Administrative Details | 9 | |||
| Independent Examiner's Report | 10 | |||
| Statement of Financial Activities | 11 | |||
| Balance Sheet | 12: | to | 13 | |
| Cash FlowStatement | 14 | |||
| Notes tothe Cash Flow Statement | 15 | |||
| Notes to the Financial Statements | 16 | to | 23 | |
| DetailedStatementofFinancialActivities | 24to | 25 |
:
Stockton Churches Mission to the Single
Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2025
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the special provisions of Part 15 of the Companies Act 2006 relating to small companies, and with the 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).
Company law 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, including the income and expenditure, of the charity for that period. 2
In preparing these financial statements, the trustees are required to:
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e Select suitable accounting policies and apply them consistently;
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e Observe the methods and principles in the Charities SORP (FRS 102);
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e Make judgements and estimates that are reasonable and prudent;
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e State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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e 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary objective of Stockton Churches Mission to the Single Homeless Limited is to provide supported accommodation for single homeless individuals in Stockton-on-Tees. The charity aims to offer a safe and supportive environment with 24-hour staffing, empowering residents to rebuild their lives.
Our core aims are to:
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e Reduce homelessness;
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e Enhance overall wellbeing of our community;
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e Equip residents with the skills and confidence needed for independent living; e Provide holistic, trauma-informed support in a Psychologically Informed Environment.
We continue to explore additional resources and partnerships that support residents in achieving their personal goals and improving their quality of life.
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S C se he Singl H Limi
Reportof the Trustees _
for the Year Ended 31 March 2025
ACHIEVEMENT AND PERFORMANCE Highlightsof the Year
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Outcomes
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Our support isn’t just about beds, it’s about building futures. In the year ended 31 March 2025: v We accommodated and supported 106 residents, with 20% successfully moving on into independent living. ¥ Our average occupancy rate was 97%, equating to 9,955 sleeps. Y We provided a total of 19,910 meals, ensuring residents had access to regular, nutritious food. ¥ We facilitated countless instances of signposting and onsite engagement with partner agencies, enabling clients to access rehabilitation, physical and mental healthcare, and other essential services.
These numbers reflect the consistency, breadth, and daily impact of our work, grounded in meaningful relationships, practical help, coordinated network of professional support and safe, stable accommodation.
2. New Staff Building Opened
A major milestone was the successful integration of our new two-storey staff extension, which has enhanced morale, improved service delivery, and increased the organisation’s overall asset value.
3. Investment in Staff Wellbeing
In recognition of the vital role our team plays, we introduced complimentary gym memberships for staff who have successfully completed their probation period. This benefit enhances our existing staff wellbeing programme and supports a healthier, more resilient workforce.
This initiative is just one element of our broader Staff Welfare Policy, which outlines a structured and compassionate approach to supporting the mental, physical, and emotional wellbeing of our team. From regular supervision and access to psychotherapy, to crisis support and flexible working responses, the policy underpins our culture of welfare and plays a key role in staff retention, morale, and performance.
- Professional Development at All Levels Continuous Professional Development remaineda priority, with staff accessing both in-person and online training throughout the year. One member of our senior leadership team continued their Masters’ degree in Psychotherapy, reflecting our commitment to therapeutic leadership.
In addition, several team members began studying an A Level in Autism Awareness, enhancing our ability to support neurodivergent clients more effectively. Another member of staff has taken on an A Level in Social Marketing, strengthening our outreach and communication capacity.
This culture of learning and growth supports high-quality service delivery, promotes innovation, and ensures we remain responsive to the evolving needs of our residents.
5. Investors in People Accreditation Retained
We successfully retained our Investors in People accreditation in July 2024, demonstrating our ongoing commitment to quality and a values-driven culture. We have proudly held this accreditation since 2013, marking over a decade of investment in our people, strong leadership, and a supportive working environment.
- Contract Secured Until 2026 Our Housing Related Support contract was extended through to September 2026, providing important stability and recognition of our performance over the past three years.
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Stockton Churches Mission to the Single Limited
Reportof the Trustees _ for the Year Ended 31 March 2025
Impact on Society
SCMSH doesn’t just provide supported housing - it creates change that ripples far beyond the front door. By helping people rebuild their lives after homelessness, we improve the health, safety, and wellbeing of the wider community.
Our work reduces strain on local services, lowers public costs, and contributes to a safer, more connected society. At the same time, we provide employment opportunities for local people and strengthen partnerships with health, justice, education, and housing systems.
Our impact in action: What we see less of:
- e Homelessness e Drug overdoses and substance misuse = e Anti-social behaviour, reoffending, and arrests e Use of emergency services and A&E e Mentalillness, self-harm, and exploitation e Children removed at birth or entering care e Court cases and prison sentences e Domestic violence and sex working
7
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e NHS bills and taxpayer burden What we see more of:
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e Independent living and tenancy sustainment e Confidence, self-worth, and employability e Access to education, training, and life skills
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e Engagement with services and healthcare e Safer communities and reduced crime e Harm reduction and improved wellbeing
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e Family reconnection and positive social networks e Financial stability and debt management e Respect, dignity, and hope
At the heart of our impact is a whole-systems approach - working in partnership to offer holistic, trauma-informed support. When we make changes, we do so collaboratively, drawing on feedback from staff, stakeholders, commissioners, and the people who use our service. Every step is informed by evidence, aligned with best practice, and shaped to meet real needs.
This approach leads to earlier interventions, stronger outcomes, and more cost-effective solutions, not just for our clients, but for the wider community and public services too. This not only strengthens individual lives, it creates a positive social return on investment by reducing reliance on crisis services and supporting people to become active, contributing members of their communities.
Grant Making
The ‘Moving On’ bursary fund, established in 2008, is designed to support residents transitioning into independent living. The fund was originally donated by The Rotary Club, from Peter Hadfield when he was President. While no grants were issued this year, the fund remains available to those who meet the criteria and is reviewed annually to ensure it aligns with current needs.
Volunteers
The charity welcomed no volunteers this year. The charity does not rely on volunteers to carry out its charitable work.
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Stockton Churches Mission to the Single H l Limi Report of the Trustees for the Year Ended 31 March 2025
Charitable Activities
We provide supported accommodation, personalised guidance, and 24-hour staff Support to single homeless individuals in the Stockton area. Our goalis to help residents stabilise, rebuild, and move toward independent living.
Accommodation
The charity provides 28 beds (2024: 28), available for individuals experiencing homelessness. All staff employed by the charity typically work on site, delivering food, support, and 24-hour assistance to residents.
Our accommodation is based at 48-56 Bridge Road, a site made up of several interconnected buildings that have been carefully redeveloped into one cohesive unit. Some parts of the property are Grade II listed, formerly part of the historic St John’s Crossing railway stop on the Stockton and Darlington Railway. The site is believed to have been a weighing station, and potentially the first place in the world where a passenger railway ticket was sold.
What is known for certain is that on 27th September 1825, the first-ever passenger railway journey began here, a moment of global significance. This legacy gives our setting a unique sense of place, history, and transformation, mirroring the journeys many of our residents make today.
Support
Support at SCMSH goes far beyond providing a bed. Every resident receives personalised guidance from a dedicated team who are available 24 hours a day. We work alongside each person to build trust, stability, and a pathway forward.
This support is commissioned and funded by Stockton Borough Council through a Housing Related Support contract, which we follow closely to ensure high standards, measurable outcomes, and strong value for money. We report monthly on key performance indicators and work in partnership with commissioners to regularly review and strengthen delivery.
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Our support includes: e Tailored plans, created with each resident to identify goals, gentle challenges, and progress; ® Practical help with housing applications, benefits, budgeting, ID, and essential life skills; e Emotional and mental health support, including access to in-house conversations and external counselling; e Onsite engagement with partner agencies, bringing medical, substance misuse, probation, and specialist services directly to residents;
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e Ongoing encouragement and connection, helping residents build confidence, reconnect with loved ones, and move forward with purpose.
Our approach is person-centred, strengths-based, and rooted in the belief that everyone deserves the opportunity to recover, grow, and thrive.
Internal and External Factors
The trustees have reviewed all relevant internal and external factors and concluded that none were material enough to significantly affect the charity’s financial statements for the year. However, ongoing consideration is given to the wider economic climate, cost of living pressures, and sector-specific challenges, and contingency planning remains in place to manage future risk. Our primary funding, the Housing Related Support contract with Stockton Borough Council, has been confirmed to run until 30th September 2026, providing welcome stability.
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Homeless Limited
Reportof the Trustees _ for the Year Ended 31 March 2025
FINANCIAL REVIEW Principal funding sources
The principal funding sources for the charity continues to be the Local Authority Contract, through Housing Related Support, and the accommodation charges, charged by the hostel, collected by Housing Benefit.
The Housing Related Support funding received during the year was £183,456 (2024: £183,456). In March 2024, Housing Benefit was reviewed, which resulted in the weekly agreed rate increasing from £499.62 (£463.37 eligible, £36.24 ineligible) to £545.18 (£506.50 eligible, £38.69 ineligible). While this uplift reflects inflationary pressures, it also followed extensive financial planning and negotiation to address a range of rising operational costs, including staffing, national insurance, insurance premiums, and IT infrastructure.
| Accommodation charges, collected via Housing Benefit, naturally fluctuate with occupancy levels. This year, our average occupancy rose to 97.41% (2023-2024: 96.77%), amounting to 9,955 nights of accommodation provided for individuals experiencing homelessness (2023-2024: 9,890). We remain focused on maintaining full occupancy wherever possible to maximise both our impact and income stability.
In-kind donations continued to play a vital role in supporting our residents’ daily needs. We received generous contributions of bedding, towels, toiletries, and food from both individuals and locaVnational businesses, including KFC, Nando’s, Tesco, Greggs, Aldi, and Lidl, for which we are incredibly grateful.
Investment policy and objectives
Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees see fit. In September 2024, the trustees approved a formal Investing Charities Funds Policy, which outlines our commitment to ethical, low-risk investment practices aligned with our mission and financial stability.
The policy prioritises the security and liquidity of funds, ensuring reserves remain accessible to meet operational needs. In line with our ethical investment principles, we avoid investments that conflict with our values, such as those in industries that could harm vulnerable individuals or exacerbate homelessness.
In practice, we continue to hold our reserves in interest-bearing tracker deposit accounts. The funds achieved an average return of less than 1% during the year, reflecting our cautious, low-risk approach in the current financial climate. The trustees review the investment approach annually, taking into account changes in interest rates, inflation, operational needs, and broader economic conditions.
i cial Controls and Oversi
In September 2024, the trustees also approved a formal Financial Controls Policy, setting out clear procedures for handling cash, debit card use, high-value transactions, and financial reporting. The policy ensures that all financial activity is secure, transparent, and compliant with Charity Commission guidance. Controls include dual authorisation for large payments, weekly reconciliations, and regular oversight by the CEO and board of trustees.
Reserves policy
The trustees are committed to ensuring the long-term financial stability of the charity and the continuity of its services. In September 2024, a formal Reserves Policy was approved, setting out the charity’s approach to managing and monitoring reserves in line with Charity Commission guidance.
The purpose of holding reserves is to safeguard service delivery in the event of short-term income loss or unforeseen financial pressures. The policy sets a target reserve level of at least three months’ operational costs, currently estimated at £222,950 (2024: £191,044). This target is reviewed annually to ensure it remains proportionate and appropriate.
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Homeless Limited
Report of the Trustees forthe Year Ended 31 March 2025
As of 31 March 2025, the charity holds net current assets of £252,469 (2024: £212,523), which is considered healthy and in line with expectations. Reserves will only be used in exceptional circumstances and any decisions regarding their use will be approved bythe board of trustees followinga full financial review.
The reserves position is monitored six-weekly and forms part of ongoing financial planning and risk management processes.
Funds in Surplus
At year-end, the charity recorded a surplus of £46,517 (2024: £89,106), bringing total reserves to £941,299 (2024: £894,782). This strong position is particularly noteworthy given that, during the last two years, the charity fully funded the construction of a new two-storey staff extension from its own resources, a significant capital investment that was delivered without recourse to borrowing or external fundraising. ’
While income rose, so too did expenditure, largely due to the ongoing cost of living and energy crisis, as well as inflationary pressures affecting staffing and operational costs.
Maintaining healthy reserves in the same years as a major two-year infrastructure project is an exceptional achievement, particularly against the backdrop of the energy crisis, rising inflation, and increased operating costs. This outcome reflects careful planning, prudent financial management, and the strategic leadership of the Chief Executive Officer, Louise Lefevre
FUTURE PLANS
The charity intends to continue delivering the services outlined above in the coming years, subject to the continuation of satisfactory funding arrangements. We have secured funding through our Housing Related Support contract with Stockton Borough Council, which has now been extended to 30th September 2026, offering medium-term stability. Alongside this, we remain proactive in seeking funding from other sources to enhance and future-proof our service offer.
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e One key area of focus for the future is the exploration of Registered Housing Provider (RHP) status. We are at the early stages of considering this development, recognising the potential benefits it could bring in terms of access to additional funding, strengthened compliance, and increased security for our residents. Initial discussions are taking place to understand the requirements of registration and the implications for governance, finance, and service delivery;
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e In line with our approved Investing Charities Funds Policy, the trustees will also be reviewing how best to invest the charity’s funds to balance security, liquidity, and ethical responsibility. This review will ensure any investment decisions continue to support the charity’s mission while adapting to evolving financial opportunities and obligations;
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e We also intend to build on the momentum of our social media growth, using platforms like Facebook and Instagram to raise awareness, showcase impact, and challenge public perceptions around homelessness. This digital engagement continues to be a valuable tool in building community support and sharing the positive stories that emerge from our work;
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e In 2025, we will also be celebrating the 200th anniversary of the Stockton & Darlington Railway’s first passenger journey - a moment of global significance that began right here at Bridge House. We are working in partnership with The Friends of the Stockton & Darlington Railway and Stockton Borough Council to honour this incredible heritage. Together, we plan to mark the occasion in a way that celebrates the past, engages the community, and reinforces our belief in personal and collective transformation.
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Stockton Churches Mission to the Single
Homeless Limited
Report of the Trustees
for the Year Ended 31 March 2025
The Management Committee remains confident that the charity provides excellent value for money to local and government authorities. With continued prudent financial oversight and a strong leadership team, we are committed to maintaining financial parity and deepening our social impact over the next accounting period and beyond
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and by its Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
This structure ensures that the organisation remains accountable to both the Charity Commission and Companies House, with clearly defined governance, reporting duties, and charitable objectives.
isati ucture
The charity is overseen by a Management Committee (Board of Trustees), made up of up to 15 members. At present, there are 6 trustees from a range of professional backgrounds relevant to the work of the charity. The Board meets every six weeks, providing strategic oversight, ensuring good governance, and monitoring both financial and operational performance. The charity does not currently appoint a Company Secretary.
A clear scheme of delegation is in place. Day-to-day leadership and decision-making are entrusted to the Chief Executive Officer, supported by the Service Manager and Operations Manager, who together form the Senior Leadership Team (SLT).
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e The Chief Executive Officer is responsible for the strategic direction, financial oversight, funding, governance compliance, and the overall delivery of contracted outcomes.
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e The Service Manager oversees the quality of support provision, resident outcomes, partnership working, and safeguarding, while also managing the support team.
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e The Operations Manager leads on health and safety, facilities, housekeeping, meal provision, maintenance, and overall operational delivery.
The structure is designed to ensure that Bridge House functions as a high-performing, psychologically informed service. Roles and responsibilities are outlined clearly in our Competency Framework, which promotes transparency, accountability, and continual development across the organisation. It also ensures all staff understand how their contribution links to the charity’s wider goals of Support; Grow; Achieve.
Induction and training of new trustees
Trustees are recruited in line with our Trustee Recruitment Policy, which sets out a transparent and values-led process to identify and appoint individuals with the right skills, diversity, and commitment to the charity’s mission.
All new trustees are invited to meet with the CEO, receive a tour of the service, and attend up to three board meetings in an observation capacity. This ensures that both the candidate and the existing board can assess suitability and alignment before appointment.
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Once appointed, trustees complete a structured induction led by the Chief Executive Officer, which includes:
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e Awelcome pack with key governance documents including the Memorandum and Articles of Association, annual accounts, and housing-related support contract;
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e Copies of The Essential Trustee and Good Governance: A Code for the Voluntary and Community Sector; e Areview of the Trustee Role Description, policies on Conflict of Interest, Expenses, and relevant safeguarding protocols;
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e Registration with Companies House, the Charity Commission, and the charity’s bank.
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l ey
Stockton Churches Mission to the Single
Report of the Trustees for the Year Ended 31 March 2025
Trustees are also asked to complete eligibility declarations, conflict of interest disclosures, and personal details forms for internal records.
The charity actively supports ongoing trustee development, with opportunities to attend relevant training sessions, engage with the wider team, and stay up to date with sector developments. This ensures the board remains, effective, informed, and equipped to provide robust governance in line with Charity Commission expectations.
Wider network
While Stockton Churches Mission to the Single Homeless is not formally part of a wider national network, we work closely with a range of local statutory and voluntary partners. Our approach is rooted in collaboration, and we remain open to future opportunities for partnership and network affiliation where it aligns with our values and strengthens our impact. ,
Related parties
The charity maintains strong working relationships with a range of local agencies that support individuals with complex needs. These include local authority teams, health and social care services, criminal justice partners, education providers, housing associations, and specialist charities.
Our key funder is Stockton Borough Council, who commission support through the Housing Related Support contract and facilitate accommodation charges via the Housing Benefit Scheme. These partnerships are essential to the delivery and sustainability of our services.
i na nt
The trustees recognise the importance of proactively identifying and managing risks to protect the charity’s operations, reputation, and resources. In September 2024, the board formally adopted a comprehensive Risk Management Policy, which sets out a structured approach to risk identification, assessment, mitigation, and monitoring.
Risks are considered across key areas including finance, operations, compliance, reputation, and strategy. The charity maintains a risk register, reviewed quarterly by senior leadership and annually by the board, to ensure that mitigation measures remain appropriate and effective.
Internal control risks are minimised through robust procedures for authorising transactions, safeguarding assets, and complying with legal and regulatory obligations. Health and safety procedures are also regularly reviewed to ensure a safe environment for staff, residents, and visitors.
Our approach to risk management has been thoroughly tested and proven, most notably during the COVID-19 pandemic. The charity continued to operate throughout, adapting quickly, protecting residents and staff, and maintaining service continuity, demonstrating resilience, preparedness, and strong leadership.
A culture of risk awareness is embedded throughout the organisation, with all staff encouraged to report concerns and contribute to ongoing improvement. In the event of a serious incident, the charity’s crisis management plan outlines the roles, responsibilities, and communication strategies to respond effectively.
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Stockton Churches Mission to the Single Homeless Limited
Reportof the Trustees _
for the Year Ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01389730 (England and Wales)
Registered Charity number 509812
Registered office
Stockton on Tees Cleveland TS18 3AX
.
Trustees
| Ramshaw (Chairman) S P Savage (Vice Chairman) JC Dean resigned 29 July 2024 C Scott K Wood K Davies-Hough resigned 11 March 2025 DW Yates J Cunningham
Independent Examiner
JP Walters & Co Chartered Accountants 67 Duke Street
Darlington Co. Durham DL3 7SD
Chief Executive Officer
Mrs L Lefevre
Approved by order of the board of trustees on SOCES and signed on its behalf by:
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S P Savage - Trustee -
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a \&
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Independent Examiner's Report to the Trustees of
Stockton Churches Mission to the Single
Limi
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STOCKTON CHURCHES MISSION TO THE SINGLE HOMELESS LIMITED (‘THE COMPANY') | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a registered member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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1s accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2: the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| 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.
J P Walters FCA J P Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
(1/6| 2¢
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Stockton Churches Mission to the Single Homeless Limited
Statement of Financial Activities for the Year Ended 31 March 2025
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|31.3.25Total|31.3.24Total|
|Notes|funds|funds|funds|funds|
|INCOME AND ENDOWMENTS FROM|£|£|£|£|
|Donations and legacies|2|4,152|-|4,152|9,793|
|Charitable|activities|5|
|Hostel|893,083|.|893,083|842,186|
|Other trading activities|3|99|-|99|104|
|Investment income|4|795|-|81|876|1,199|
|Total|898,129|81|898,210|853,282|
|EXPENDITURE ON|
|Charitable activities|6|
|Hostel|(851,693)|(-)|(851,693)|(764,176)|
|NET INCOME|46,436|81|46,517|89,106|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought forward|748,481|146,301|894,782|805,676|
|Transfer between fund|140,818|(140,818)|-|805,676|
|TOTAL FUNDS CARRIED FORWARD|935,735|5,564|941,299|894,782|
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Page 11
Stockton Churches Mission to the Single l Limited
Balance Sheet
31 March 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|31.23.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|13|683,266|-|683,266|682,259|
|CURRENT ASSETS|
|Stocks|14|500|-|500|500|
|Debtors|15|6,506|-|6,506|6,006|
|Cash|at|bank and|in|hand|248,356|5,564|253,920|208,550|
|255,362|5,564|260,926|215,056|
|CREDITORS|
|Amounts falling due within|one year|16|(2,893)|-|(2,893)|(2,533)|
|NET CURRENT ASSETS|252,469|5,564|258,033|212,523|
|TOTAL ASSETS|LESS|CURRENT|LIABILITIES|
|935,735|5,564|941,299|894,782|
|NET ASSETS|935,735|5,564|941,299|894,782|
|FUNDS|17|
|Unrestricted|funds|935,735|748,481|
|Restricted|funds|5,564|146,301|
|TOTAL FUNDS|941,299|894,782|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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continued...
Stockton Churches Mission to the Single Limited
BalanceSheet - continued _ 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on (0(6(%8and were signed on its behalf by:
S P Savage - Trustee
~\
The notes form part of these financial statements
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Stockton Churches Mission to the Single 4 Limi
CashStatementFlow _ for the Y' E 31 March2
| 31.3:25 | 31.28.24. | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cashflowsfrom operatingactivities | |||
| Cash generated from operations | 1 | 66,866 | 105,484 |
| Interest paid | (587) | (714) | |
| Netcash provided byoperating activities | 66,279 | 104,770 | |
| Cash flowsfrom investing activities | |||
| Purchase oftangiblefixed assets | (21,785) | (332,279) | |
| Interest received | 876 | 1,199 | |
| Net cash provided by/(used in) investing activities | (20,909) | (331,080) | |
| Change incashand cash equivalents in | |||
| the reportingperiod | 45,370 | (226,310) | |
| Cashand cashequivalents atthe | |||
| beginningofthe reportingperiod | 208,550 | 434,860 | |
| Cash and cashequivalents attheend of | |||
| thereportingperiod | 253,920 | 208,550 |
The notes form part of these financial statements
Page 14
Stockton Churches Mission to the Single Limi
Notes to the Cash Flow Statement for the Year Ended 31 March 2025
| ‘1s | RECONCILIATION OFNET(EXPENDITURE)/INCOMETONETCASH | RECONCILIATION OFNET(EXPENDITURE)/INCOMETONETCASH | FLOWFROM | FROMOPERATING | ACTIVITIES |
|---|---|---|---|---|---|
| 31.3:25 | 31.3.24 | ||||
| £ | £ | ||||
| Net income forthe reporting period (as per theStatement of | |||||
| Financial Activities) | 46,517 | 89,106 | |||
| Adjustments for: | |||||
| Depreciation charges | 20,778 | 15,281 | |||
| Interest received | (876) | (1,199) | |||
| Interest paid | 587 | 714 | |||
| (Increase)/Decrease indebtors | (500) | 1,489 | |||
| Increase in creditors | 360 | 93 | |||
| Decrease in stock | t | - | - | ||
| Netcash provided byoperations | 66,866 | 105,484 | |||
| 2. | ANALYSIS OFCHANGES IN NETFUNDS | ||||
| At 1.4.24 | Cash flow | At 31.3.25 | |||
| £ | £ | £ | |||
| Net cash | |||||
| Cash at bankand in hand | 208,550 | 45,370 | 253,920 | ||
| Total | 208,550 | 45,370 | 253,920 |
Page 15
4
l fritid
Notes to the Financial Statements
for the Year Ended 31 March 2025
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
Allincome is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, itis probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as acommitment but not accrued as expenditure.
Tangible fixed assets
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----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Depreciation|is|provided|at the|following annual|rates|in|order to|write|off each|asset|over|its estimated|useful|
|life.|
|Freehold|property|-|2%oncost|
|Fixtures|and|fittings|-|33%|oncost|
|Motor vehicles|-|25%|oncost|
----- End of picture text -----
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
Stockton Churches Mission to the Single Homeless Limited
for the Year Ended 31 March 2025
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
| 2. | DONATIONSAND LEGACIES | |||
|---|---|---|---|---|
| 31:3:25 | 31.3.24 | |||
| £ | £ | |||
| Donations | 4,152 | 9,793 | ||
| 3: | OTHERTRADING ACTIVITIES | |||
| 31.3:25 | 31.3.24 | |||
| £ | £ | |||
| Miscellaneous income | 2,510 | 104 | ||
| 4. | INVESTMENT INCOME | |||
| 313525 | 31.3.24 | |||
| £ | £ | |||
| Depositaccount interest | 876 | 1,199 | ||
| 5. | INCOME FROM CHARITABLE | ACTIVITIES | ||
| 31.3.25 | 31.3.24 | |||
| Activity | £ | £ | ||
| Accommodation charges | Hostel | 707,216 | 655,718 | |
| Grants | Hostel | 183,911 | 186,468 | |
| Emergencycrash pad | Hostel | 1,956 | - | |
| 893,083 | 842,186 | |||
| Grants received, included inthe above, are asfollows: | ||||
| $1,325 | 31.3.24 | |||
| £ | £ | |||
| Housing Related Support Contract | 183,456 | 183,456 | ||
| ChangeGrow Live Grant | 455 | 3,012 | ||
| 183,911 | 186,468 |
Page 17
continued...
Stock C Bike MISSI Singl Homeless Limited
N he Fi ial S . for the Year Ended 31 March 2025
==> picture [462 x 358] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|6.|CHARITABLE|ACTIVITIES|COSTS|
|Support|
|Direct|costs|(see|
|Costs|note|8)|Totals|
|£|£|£|
|Hostel|847,108|4,585|851,693|
|7.|GRANTS|PAYABLE|
|31.3:25|31.3.24|
|£|£|
|Hostel|a|=|
|8.|SUPPORT COSTS|
|Governance|
|costs|
|£|
|Hostel|4,585|
|9.|NET INCOME/(EXPENDITURE)|
|Net income/(expenditure)|is|stated|after|charging/(crediting):|
|31.3.25|31.3.24|
|£|£|
|Depreciation|-|owned|assets|20,778|15,281|
|10.|TRUSTEES'|REMUNERATION AND|BENEFITS|
----- End of picture text -----
There were notrustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
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continued...
Stockton Churches Mission to the Single 4 { imited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
- STAFF COSTS
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----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|31.3.25|31.3.24|
|£|£|
|Wages|and|salaries|574,506|532,530|
|Social security costs|49,176|44,191|
|Other|pension|costs|21,015|17,728|
|644,697|594,449|
|The|average|monthly number|of employees|during the year was|as|follows:|
|f|$1.3;25|31.3524|
|Chief|executive|office|1|it|
|Direct|charitable|work|24|18|
|25|19|
|1|employee|received|emoluments|in|excess|of £60,000|(2024:|1)|
|12.|COMPARATIVES|FOR THE|STATEMENT OF|FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|£|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|9,793|-|9,793|
|Charitable|activities|
|Hostel|842,186|-|842,186|
|Other trading|activities|104|-|104|
|Investment|income|1,199|-|1,199|
|Total|853,282|-|853,282|
|EXPENDITURE ON|
|Charitable|activities|
|Hostel|(756,492)|(7,684)|(764,176)|
|NET INCOME/(EXPENDITURE)|96,790|(7,684)|89,106|
|RECONCILIATION|OF FUNDS|
|Total funds|brought forward|651,691|153,985|805,676|
|TOTAL FUNDS CARRIED FORWARD|748,481|146,301|894,782|
----- End of picture text -----
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continued...
Stockton Churches Mission to the Single
l 3
for the Year Ended 31 March 2025
13. TANGIBLE FIXED ASSETS
| 13. | TANGIBLE FIXED ASSETSASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Freehold | and | Motor | |||
| property | fittings | vehicles | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 April2024 | 881,332 | 98,300 | 30,728 | 1,010,360 | |
| Additions | - | - | 21,785 | 21,785 | |
| Disposals | - | (-) | (21,588) | (21,588) | |
| At 31 March 2025 | 881,332 | 98,300 | 30,925 | 1,010,557 | |
| DEPRECIATION | |||||
| At 1 April2024 | 272,735 | 24,638 | 30,728 | 328,101 | |
| Charge for year | 17,626 | 3,152 | - | 20,778 | |
| Eliminated on disposal | - | (-) | (21,588) | (21,588) | |
| At 31 March 2025 | 290,361 | 27,790 | 9,140 | 327,291 | |
| NETBOOKVALUE | |||||
| At 31 March 2025 | 590,971 | 70,510 | 21,785 | 683,266 | |
| At 31 March 2024 | 608,597 | 73,662 | - | 682,259 | |
| 14. | STOCKS | ||||
| 31.3.25 | 31.3.24 | ||||
| £ | £ | ||||
| Stocks | 500 | 500 | |||
| 15. | DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | ||||
| 31.38.25 | 31.3.24 | ||||
| £ | £ | ||||
| Other debtors | - | - | |||
| Prepayments | 6,506 | 6,006 | |||
| 6,506 | 6,006 |
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continued...
Stockton ChurchesMission to the Single H™
Nthe Fi ial S , . for the Year Ended 31 March 2025
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----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|16.|CREDITORS: AMOUNTS|FALLING|DUE WITHIN|ONE YEAR|
|31.3.25|81.3.24|
|£|£|
|Payments|on|account|-|-|
|Social security and|other taxes|-|-|
|Accrued|expenses|2,893|2,533|
|2,893|2,533|
|17s|MOVEMENT|IN|FUNDS|
|Net|Transfers|
|At1.4.24|movementin|between|At 31.3.25|
|funds|funds|
|£|£|£|£|
|Unrestricted|funds|
|Accumulated|funds|573,481|46,436|140,818|760,735|
|Contingency fund|175,000|-|-|175,000|
|748,481|46,436|140,818|935,735|
|Restricted|funds|
|Capital fund|144,798|-|(144,798)|-|
|Moving on|bursary fund|1,503|81|3,980|5,564|
|146,301|-|(140,818)|5,564|
|TOTAL FUNDS|894,782|46,517|.|936,299|
|Net movement|in|funds,|included|in|the|above|are|as follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|Accumulated|funds|898,129|(851,693)|46,436|
|Restricted|funds|
|Moving|on|bursary fund|81|(-)|81|
|TOTAL FUNDS|898,210|(851,693)|46,517|
----- End of picture text -----
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continued...
Stockton Churches Mission to the Single H l saa
N he Fi ial S i: ; for the Year Ended 31 March 2025
17: MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
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----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|At1.4.23|movementin|between|At 31.3.24|
|funds|funds|
|£|£|£|£|
|Unrestricted|funds|
|Accumulated|funds|476,691|96,790|(-)|573,481|
|Contingency fund|175,000|-|-|175,000|
|651,691|96,790|-|748,481|
|Restricted|funds|
|Capital|fund|152,482|(7,684)|-|144,798|
|Moving on|bursary fund|1,503|-|-|1,503|
|153,985|(7,684)|-|146,301|
|TOTAL FUNDS|805,676|89,106|-|894,782|
|Comparative|net movement movement|in|funds,|included|in|the|above|are|as follows: follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|Accumulated|funds|853,282|(756,492)|96,790|
|Restricted|funds|
|Capital|fund|3|(7,684)|(7,684)|
|TOTAL FUNDS|853,282|(764,176)|89,106|
----- End of picture text -----
Comparative net movement movement in funds, included in the above are as follows: follows:
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continued...
Stockton Churches Mission to the Single Limited
31 March 2025
- MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Net|Transfers|
|At|1.4.23.|movementin|between|At|31.3.25|
|funds|funds|
|£|£|£|£|
|Unrestricted|funds|
|Accumulated|funds|476,691|143,226|140,818|760,735|
|Contingency fund|175,000|-|-|175,000|
|651,691|143,226|-|935,735|
|Restricted|funds|
|Capital fund|152,482|(7,684)|(144,798)|-|
|Moving on|bursary fund|1,503|81|3,980|5,564|
|153,985|(7,603)|(140,818)|5,564|
|TOTAL FUNDS|805,676|135,623|-|941,299|
----- End of picture text -----
A Current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|Accumulated funds|1,751,411|(1,608,185)|143,226|
|Restricted|funds|
|Moving|on|bursary fund|81|(7,684)|(7,603)|
|TOTAL FUNDS|1,751,492|(1,615,869)|135,623|
|18.|RELATED|PARTY|DISCLOSURES|
----- End of picture text -----
There were no related party transactions for the year ended 31 March 2025.
Page 23
Stockton Churches Mission to the Single Homeless Limited
==> picture [460 x 557] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Detailed|S|f|Fi|ial|Activiti|
|for the|Year|Ended|31|March|2025|
|31.3:25|31.3.24|
|£|£|
|INCOME AND|ENDOWMENTS|
|Donations|and|legacies|
|Donations|4,152|9,793|
|Other trading|activities|
|Miscellaneous|income|99|104|
|Investment|income|
|Deposit|account|interest|876|1,199|
|Charitable|activities|
|Accommodation|charges|707,216|655,718|
|Grants|183,911|186,468|
|Emergency|crash|pad|1,956|=|
|893,083|842,186|
|Total incoming resources|898,210|853,282|
|EXPENDITURE|
|Charitable|activities|
|Wages|and|salaries|574,506|532,530|
|Social|security|49,176|44,191|
|Employer|pension|contribution|21,015|17,728|
|Rates,|water and|refuse|11,385|9,090|
|Insurance|24,229|16,248|
|Light and|heat|213125|14,109|
|Training and|group|supervision|12,181|8,599|
|Health|and|safety costs|and|uniform|costs|5,506|5,121|
|Property|upkeep|&|maintenance|10,545|14,132|
|Catering supplies|15,898|14,208|
|Motor|and|travelling|expenses|6,609|3,563|
|Ancilliary equipment|20,426|18,678|
|Cleaning expenses|4,878|4,151|
|Welfare|1,597|68|
|Service|users|bad|debts|9,404|8,068|
|Housing|benefit|bad|debts|1,095|158|
|Licences|and|subscriptions|1,844|4,874|
|Media|and|marketing|997|876|
|Womens|project|-|-|
|Carried forward|792,416|716,392|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 24
Stockton Churches Mission to the Single Homeless Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|31s0-25|31.3.24|
|£|£|
|Charitable|activities|
|Brought forward|792,416|716,392|
|Reward|and|recognition|5,579|1,589|
|Recruitment|1,176|265|
|Telephone|and|internet|3,848|3,581|
|Computer|costs|20,045|8,739|
|Postage|and|stationery|1,375|2,379|
|Legal insurance|6,304|6,063|
|Depreciation|of freehold|property|17,626|12,139|
|Depreciation|of fixtures|and|fittings|3,152|3,142|
|Profit on|sale|of assets|(5,000)|-|
|Bank charges|587|714|
|847,108|755,003|
|Support|costs|
|Governance|costs|
|Accountancy fees|4,585|4,469|
|Legal and|professionalfees|-|4,704|
|__ 4,585|_|[9,173]|
|Total|resources|expended|851,693|764,176|
|Net income|46,517|89,106|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 25