REGISTERED COMPANY NUMBER: 02475258 (England and Wales} REGISTERED CHARrrY NUMBER: 803328 COLCHESTER ENGAGEMENT & NEXT ¥fEPS LTD IA COMPANY LIMITED BY GUARANTEEI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CENS
COLCHEsfER ENGA¢ZMENT& NExrsrEPS LTD CONIENTS OFTHE ANANCIAL sfATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 Report of the Te8% (Incorporatln8 a Dlrertorf Report) I to 4 Indepthdent Examln*s Report Expendlture Puount) Balanco theet 7 to 8 Notes to the Hn•nclal Statem 9 to 20 21 to 22
COLQIEsfER EPWEMENf & NEXTsfEPS LTD REpoirr OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARQI 2025 The tntstees who are also dlrtttors of the charity for the wrposes of the Cfynpanies Act 2006. present their report wlth the finandal statements of the tharlty for the year ended 31 Marth 2025. The trustees have adopted the provtslons of Attountlng and Reporting by Charlttes: Statement of Recommended pract1 appllcable to charltles preparing their accounts In accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 102) (effect l Januwy 2019). Introducllon from the thalr of Trustees Thls report covers the year l 2024 to 31 March 2025. The Nlght Shelter has contlnued to run at 8OCMI capadty even In the warnr months when we usually see a dedlne. The move-on Stats have been excellenl and the staff contlnue to work hard wlth other a8endes to get the best optlons and outcomes f(w our resldenl% We under took a Quallty Mark award scheme orBanlsed by Hourg Justlce revlewed all pollde5 and practlces for the pmJec¢ staff and trustees. We were pleased wjth the posltlve Outc and have taken recommendatlons on board to make further Improvement athlevln8 best practkes across our (K8anlsatlon. Al's Annexe has contlnued to meet suth potIl outcomes for those who are ready to Ilve more Independenty but are unable to rent prlvately, we contlnue to brfdge the 8ap between the shelter and fvll Independence but ¢xr resldents stlll havlrg the team onthand for any querles or 5UPPOrt they may need. It has been another busy year for Ns staff and Trustees renovatlng our property * Mersea Rd and settllng In our new tenants, Marlna has been sUPPOrtlng the strate8y and deslgning the wocesses tor gettlng the bert outcomes for the resldents for the Movtron opportunlty. Work 11 contlnue over the comln8 months to 8et the remalnln8 r(n$ repalred and refurbed to a standard that we would expect for acCnM0datI0n. We have conunued to ralse our profile through Sodal Medla and corrrnunlty engagement and enjoy quarterly workshops attended by staff and trustees to eW(we new OppornftIeS to benefft the Fmie£L Allson LSe+Ill5 Chalr of Trustees OBJEcfivESAND AcrivmES Objecthffjs and alms The objects of the Colchester & Next Steps Ltd whlth are set (Art In the Arttdes of Assodatlon of the company are as follows: "Ifor) the rdlef of poverty the provlsion of emer8CY and other accommcmlation advice and asslstance for persons who are deemed homeless and are in rRed of sh arynM0datlon, adce or assistano.. 8nlficant actlvltl&s The prlncipa aCtIty of Colchertw Enwa8ements & Next Step5 Ltd In tr* year under reWWaS that of provlder of temporary night shelter accommodation for sin8. homeless Perso In the Colchester area. However durfng thls year we have been developing our successful day Ilme attivltles to help bulld skllIs and Confiden Increasln8 the likellhood of residents betn8 able to malrrtafn a tenarKy when they move on.
COLCHESfER ENGAGEMENf & NExr srEPS LTD REPORT OFTHE TrusrS FOR ThE YEAR ENDED 31 MARal 202S OBJEcfivES AND pLrivmES Publlc knefft The Trustees have complled wlth thelr duty In Sectlon 4 crf the aiarltles. Act 2011 to have due regard to 8uldarKe publlshed by the Charltles, CommSs5ion on publlc benefiL We meet our alms and objectlves tlme arKI tlme agaln. and honour In full the requlrunents of the (tharities whith requires that we demonstrate a publlc benefft; that 15 a benefft In whlch the whole p(Vulal can share. All our charitable actlvlttes on the rellef and preventlon of homelessness and are undwtsken to fiwther our CharIta purposes forthe wbllc benefiL Charltable actmtles Followlng the majw refurbishment to ffide all reslderts with en sulte fadlftles the Night Shelter has been In Increaslng demand. There was 78.3% occupancy over the year wfth an average of about 66% of resldents movln8 Into settled aCCommlatIorL 98% were supported with developlng ffinan sklll8 to en84e wlth support servtce and physkal and mentsl health. Trustees are keen to utlllse sodal metha to encourage donatlons and Inforni supfftr& Trustees have supported staff In encouraglng regular posts etc FINANCIAL REVIEW Ananclal posltlon The Charlty's finandal posftlon Is as set out In the Balance et on pa8e 7 and Is consldered satlsfacw. Resems lIcY The Trustees have examlned the charfvs requlrements for reseThes In Ilght of the maln rfsks to the organlsation. The Trustee's pdlcyls that the tharlty wlll bulld up free reseryes sufficlent to cover the operatlng costs of the charlty for a typlcal half year. and that further reserves should be put In plao to cover planned maintenance and refurblshment expendlture ahead of vthen It Is neede FUTURE PLANS Trustees are concerned to pmlde more mo% on accommodatlon for resldents of the Nl8ht thelter. To that end they have purthased a fvrtkn property In Colche5ter and intend to brfn8 It up to the stsndards of the exlstln8 property portfollo In the Comi8 financlal y. Thls wlll ensure nmm on accommodatlon for resldents to enjoy Independent Il¥ln8 with supm If requlre¢L Trustees are aware of the Imptrtsnce of re8ular donatlons and plan to use sodal medla to pr(*note monthly regular donatlons from supptrte STRucfuR4 GoVERNAP4 AND MlAGEME1{r Governln8 dwmart The charlty Is controlled by its g¢Mrnlng documenl a deed of trusL and constltutes a Ilmlted company. Ilmlted by 8uarantee, as defined by Companies kt 2(Kl6. The govemln8 Instrum of the charlty Is the MemlnrUrn and Artides of Assodatlon d the company. The governln8 body of the company Is the board of dlrectrys the meffl of th1th are atso the Trustees of the charlty. The members of the company elert the dlrect(Ys andTrust Every member of the company undertakes to contrlbute to the assets of the company In the event of the same beln8 wound up whllst he or she Is a member. w wlthln one year after he or the ceases to be a mwnber, for the payTnent of debts and Ilabllltles of the compary contracted before he ceases to be a member, and of the costs. char8es and expenses of wlndlng up. and forthe adjustment of the rights of the ccmtrlbutorfes amon8St themselves. such amount as may be required. not exeedlng £L
COLCHEsfER ENGAGEMENT & NEKf STEPS LTD REPORT OFTHE TRUSTEÉS FOR THE YEAR ENDED 31 MARCH 2025 srRUCTUR4 GOvERPlAN AND MANAGEMENT Recrultment and appolnt•nent of newtri Trustees for the charfty are drawn from members of the publlc usually by word of mouth but also from the publlclty that the charity recelves In local thurches. at other local charities and at the offices of local authoritles. Trustees are appolnted by the Board of Management once the Board Is satisfied as to the suitability of the candldate. Trustees hold office forthree years after whlch they are digible for re*lertlon for a further perfod of three year& The Trustees give their time voluntarity and recelve no beneffts from the charfty: they do not recelve a wa8e and do not claim expenses. To be effectlve In office the Trustees need a good understsndlng of the role and responslbllltles of a charity trustee and must be aware of the legal rules on ell8lbility to serve as a charity trustee. All new Trustees have their duties and le8al, financlal and managerlal responslbillties and Ilabllities explalned to them. They are informed about the harlty. Its vlslon and values Its alm4 its programme, its sources of Intome. and the context In whlch It operates and attend approprlatetralnl REFERENCE AND ADMINISTrATJVE DEfAIiS ReBbtsred Company number 02475258 (England and Wales) Re8lstered thartty nurnb 803328 3941 Alexandra Road Colchester Essex C03 3DF Tnee9 Ms A LovesetrCollls- Chalr G O'Driscoll P Newell Mrs E Lagadec Mrs L Waddlngton (appolnted Vll/24) (resigr 3019125) P Blyth {appolnted 13111124) {resigned 18111124) Independent Examlner Slmon Welllng Certlfied Accountant TC Group Accountants Town Wall House Balkeme Hlll Colchester Essex C03 3AD
COLCHEsfER ENGAGEMENT & NEXT sfEPS LTD REPORT OFTHE TRUStEES FOR THE YEAR ENDED 31 2025 5olldto Blrkett Long LLP Essex House 42 Crouch Street Colchester Essex C03 3HH Clerk to the thartty Mrs aare Heyes National Westrninstw Bank plc 25 High Street Colchester COI IDG PO Box 250 Skelmer5dale WN8, 6wr 2oZ£ .. and *ed on its behalf by. Ms A Lovesefrcollls. Trustee
INDEPENDEKf EXAMINER'S REPORTTO THE TRusfEES ( COLCHEStER ENGAGEMENf& NExf STEPS LTD Independent examlner's reportto thetrustees of Colthester Endagemt & Next Steps Ltd (Ihe Compan} I report to the tharitytrustees on my examination of the accounts of the Cthnpany for the year ended 31 March 2025. Responsbilltles and basls of report As the charlty's trustees of the Company (and also Its dlrectors for the purpose5 of company law} you are responsible for the preparntlon of the accounts In accordance w5th the requlrements of the CA>mpanies £t 2006 lhe 2C436 A¢. Havln8 satlsfied myself that the accourts of the Conwany are not rqulred to be audlted under Part 16 of the 2006 Act and are ellglble for Independent examlnatlon. I report In re5PKt of my examination of your charltvs accounts as canled out under section 145 of the Charlties P£t 2011 lhe 2011 ACV). In carrylng out my examlnallon I have followed the Dlrectlons glven ty the awlty Commlsslon under Se¢tiM 145(5) Ib) of the 2011 kL Independent examlns statenmnt stnce your tharity's gross Income exceeded £250.(KKI your examlner must be a member of a Ilsted body. I can conftrni that l am qualifled to undertake the examlnatlon because l am a member of the Assoclatlon of Chartered Certified Accountants, whlch Is one of the Ilsted bodles. I have completed my examlnatlon. I confimi that no matters ¢off to my attentlcx) In connectlon wlth the eyamlnatlon glvlng me cause to belle*: accountlnq records were not kept In respect of the Ccqnpany as requlred by Sectlon 386 of the 2(1)6 Act; or the accounts do not accord wfth those recwds; or the accounts do not mplY wlth the accountlng requlremwts of Secilon 396 of the 2(M)6 Art other than any requlrement that the accounts th a tn and falr vlew whlth Is not a matter consldered as part of an Independent examlnatlon: (r the accounts have not been wepared In acrordance wlth the methods and prfndples of the Statement of Recommended Practlce for accountin8 and reporlin8 by charltles lappllcable to charltles preparlng thelr accounts In actordance wlth the Flnandal Reportlng Standard applScable in the UK and Republlc of Ireland (FRS 102)). I have no concerns and have c<)me a¢rnss rK• otsr matters In Connectlon wlth the examlnatlon to whlch attentlon should be drawn In th15 report In order to erRble a proper understsndtn8 of the accounts to be reathed. "?( Slmon Wellln8 Certlfled A¢¢ountant TC Group Accountants Town Wall House Balkeme Hlll Colchester C03 3AD
COLCHEsfER ENGAGEMENT & NExf STEPS LTD 5fATEMENf OF FINANaALACTNmES (INCORPORATING AN INCOME AND EXPENDtruRE ACCOUNn FOR ThE YEAR ENDED 31 MARQI 2025 2024 Totsl funds Unrestrlcted funds Restrlcted fun(ts Totsl funds Notes INCOME AND ENDOWMEflfS FROM Donatlons and le8ades 52.467 37.608 90.075 67.843 arltable actfvftles Temporary accommodatlon Move on acc<xnmodatlon 26&WZ 26Lll)2 28L363 47,813 Investment Income 771 Total 374191 37,608 413.799 EXPENDtruRE ON Ralslng fvnds 391 Charftsble actfvltles Temporary accommodatlon Move on accommodatlon 329A91 42,441 371.932 326.591 Total 374,117 418N24 NEf INCOMEIIEXPENDtruRE) 1074 (6,6991 14,625) 59,015 RECONUUATION OF FUNDS Total funds brou8ht fOard 319,194 &017.404 &336.598 1,277,583 TOTAL FUNDS CARRIED FORWAftD 321.268 1336 598 CONTINUING OPERATIONS All Income and expendlture has arfsen from contlnulng actlvltles. The Mtes fomi part of these financlal statements
COLCHESIER ENGA6EMEKf & NExf SIEPS LTD BPIAN SHEEr 31 MARQI 2025 2025 2024 Total funds Unrestrlcted Restrfrted funds funds funds Notes AXED ASSETS Tanglble assets 13 670.580 986147 &6S7.027 1,611373 CURRENT ASSETS Debtors Cash at bank and In hand 14 6A16 6,416 63.53S 18,6(Kl 119.220 24258 69.951 137,820 Amounts fallln8 due wlthln one year (38.U81 (38.U8) 137.776) NEf CURREiif ASSEf5 100,044 TOTAL ASSEfs LESS CURREKf UA8IUTIES 678,IZ5 &010.705 68830 L712,417 CREDITORS Amounts falllng due after more than one year 16 1356,857) 135V57) (375,8191 NEf ASSETS 32L268 LO.705 133L973 1,336 598 FUNDS Unrestrlcted funds Restrkted funds 19 321.268 319,194 TOTAL FUNDS 331.973 1,336,598 The notes fom part of these fInan¢ial statements
COLCHE5TER EEMEM[ & NExfsTEPS LTD BALAN SHEET. contlnued 31 MARCH 2025 The charftable company Is entftled to exemptlon fr<xn audlt under Sertlon 477 of the Companies Art 2006for the year ended 31 March 2025. The members have nrt requlred the company to obtaln an audlt of Its finandal statements for the year ended 31 March 2025 In accordance wlth Sectlon 476 of the Companles Act 2006. The trustees acknowledge thelr responslbllltles for ensurfng that the charitsble company keeps accounllng records that comply wlth 5ecUons 386 and 387 of the Companles Act 21X)6 and preparfn8 finandal statements whlch 8lve a true and falr ¥lew of the stste of affalrs of the charflable company as at the end of eath financlal year and of Its surplus or defldt for each finandal year In accordan Mrfth the requlrements of Secllons 394 and 395 and whlch otherwlse comply wlth the requlrements of the Companles Art 2006 relaun8 to flnandal 5tstementy so far as appllcable to the charltsble companv. These flnanclal statements have been wepared In accordance wlth the provlslons appllcable to tharltable companles subject to the small companles rethe, I state nts were approved by the Board of Trustees and authorlsed for Issue on . and were slgned on Its behalf iry: A LovesefrCollls- Trustee The notes fom part of these financlal statements
COLCHEStER ENGAfMENT& NExf STEPS LTD FOR THE YEPJI ENDED 31 MAROI 2025 Colchester Engagements & Next Step5 Ltd (fmerty Colthester Emwcy Ni8ht Shelter Ltd) is a charity registered vlith Charfty Commission with the Charity Number 803328. The Charity is incorporated as a company limited by guarant at Companles Hw wlth the Crynpany Numbw 0275258 and domialed in the United ngdorn. Its reglstered office is 3941 knndra Road, Cdthestu. Essex C03 3DF. The financlal statrments are prepared In stslln& which is the fwthiond currency of the tIty and rounded to the nearest pound. AccoupinNG POLICIES The finala[ statemerrts of the dilthe c(xnpary, is a public benefft entity under FRS 101 hale been prepared In acconlance with the (harities SORP (FKS W2) 'knountin8 and Reportlng by Charities: Statement of Recommended Prattl applicable to charltles weparing their accounts in accordan wlth the Flnanclal Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 102} (effective l January 2019),. Finanu Reporting Stsndard 102 Tr FlnarKial Reporting Standard applicable in the UK arKI Republlc of Ireland, and tr Companies Art 21K16. The finandal ststernts have been prepared under the hlstorfcal cost conventlon. as modified by the rwdluatlon of certain asset& Fund Puountlng Unrestricted funds are avallable for use at the dlsueti<m of the tntee$ to further any of the purposes of Charity. Restricted funds are subjected to restrictlons on their expenditure dedared Iw the donor or through the tenn5 of an appeal. FUrtr explanatlon of the nature and purpose of each restrKted fund is included in the notesto the financlal ststement& GOI concem The accounts are wepared on a gdng concem basls as there are no materfal uncertalnties about the Charftvs abllity to contlnu& Income All Income Is reco8nised in the Statement of Flnanclal ActlvStles On the charlty has entltlement to the fund4 it Is probable thatthe income wlll be receId and the amount be measured rdlably. Income from 8ovemment and othw grants. whets 'capital' grants cr 'rwenue' grants Is recogntsed when the Charfty has entitlement to the funds any performance conditions attached to the grants have been me( it is probable that the income wlll be received and tr amount can be measured rellably and Is not defwred. For legacie% entitteff*nt Is taken as the earlier of the date on [ch either. the Iharltyls aware that probate has been grarrted, the estate has been finalised and notlficatlon ha5 been made by the executorls) to the Lharlty that a dlstdtyjtlon will be mad4 orwthen a distributlon Is reIVed fr<)m the estste. l)onatlons and other voluntary Income are refiected In the accounts for the pulod In whlth they are recelved. Donatlons in kind are recognlsed Charity when recelved except In the case of seNlos ffided fr& or undervalue by voluntary staff or othws which are not reflected In the accoun Interest on funds hdd on depoth Is Induded wthen recefvth arml the amount can be measured rellably by the Charlty; this is nornially upon notifi(ation of the interest pald or payable by the Ban
COLCHESfER ENGAGEMENT & NExr srEP5 LTD NOTES TO IHE RNANaAL sfATEMENTS. tontbwed FOR THE YEAR ENDED 31 MAROI 2025 ExpendltUTe Llabllltles are recognlsed as exIdItyre as soon as there Is a le4al ¢x Constr obliwation commlttlng the charlty to that exFndltufe. It Is probable that a transfer of economlc beneffts wlll be requlred In settlement and the amount of the obll8atSon can be measured rellaljy. Expendture ts accounted on an accruals basls and has been dasslfied under headings that aggregate all cost related to the category. Mthere costs cannot be dlrectly attrltxrted to particular ldIn&S they have been allocated to actlvitles on a basls con51stent wlth the use of re%)urces. Grnnts offered SUbrt to conditlons whlth hm not been met at the year end date are noted as a mmllJnent but not accrued as expendlture. Tan8lble fthed assets Tan8lble fixed assets are Inltlally measwed at cost and sthsequenlty measured at cost or valuallon, net ol depredallon and any Impalrnient los The freehold property ts stated IlUded In the accourts at valuatlon. Addollons after each revalu)tlon are Included at cost untll a fvrther revaluallon. Revaluatlons are perfomied suffident regularlty to ensure that the Carln8 amounts are not materfallv mlsstated and on thls basls are not dewedated Deprndatlon 1$ prnlded at the followlrq annual rates In order to wrfte off each asset 04er Its estlmated usefvl Ilfe: FIKtwes and Flttlngs- 20% strdl8ht Ilne Computer and Offlce Equipment- 20% stral8ht Ilne Re$ldents' IT Sulte- 2(N stral8ht Ilne The charftable company operates a defined contrlbutlon penslon stheme. Q>ntrfbution5 payable to the charltable companvs penslon stheme are dr8ed to the Statement of Flnanclal Actmts In the perlod to whSch they relate. Trade and other debtors are reco8nlsed at the settlement afflnt due. Prepayments are valued at the amount prepald rnt of anytrade dlscounts du& Cash •t Bank and In Hand Cash at bank and cash In hand Indudes cash and th(¥t tenn hhly liquid Investments wlth a sh(rt maturfty of three monts or less from the date of acqulsttlon or q>enln8 of the depogt or similar accounL Credltors and provlslons are reco8nlsed whwe the Charity has a wesent obllgatlon resultlng from a past event that wlll probably resuft In the transfer of funds to a thlrd party and the amount due to settle the obllptlon can be measured or estlmated rdiably. Credltors and pSlon$ are nonnally reco8nised at thelr settlement amount after all(Mlng for any trade dlscounts d. Taxatlon The charlty Is exempt cwpwatlon tsx on Its charltsble athtles. -1
COLCHESTER ENGAGEMENT & NExf STEPS LTD FOR ThE YEAR ENDED 31 MAROI 2025 AccoupillNG pouaES.tuthuwJ The Charlty has taken ad¥ant4e of the exanptlon wothded for tharftles vhth Income under £S(KI,000 and has not prepared a Cath Fl(Y4V Statement for the year. 2024 DonatSons Legades Grants 36A 52,012 .075 67.843 Grnnts Tefve Induded In the abcAe. are as follow* 2024 Colchester aty COU11 - locallty KIet Essex County Coundl- coundllors locallty budget Department for Levellln8 Up• Houslng and Communltles INVESTMEpif INCOME 2024 Deposlt account Interest T71 INCOME FROM CMARrrAEAcFiVfflES 20Z5 2024 Accommodatlon thar8es Essex County Coundl- houslng related support Resldents fees Accommodatlon thar8es Resldents fe Tffnporary a¢¢c¥Miodatlon 207.657 Tporv a¢¢Lrnodadon Temporary ac¢ommodatlon Move on xc(wnmixlatlon SL757 17.257 s95 755 51.757 21,949 39,367 329.176 -li-
COLCHESTER ENGAGEMENf & NExf 5fEPS LTD N17fES TO THE FINANCIAL sfATEMENTS-contlnued FOR THE YEAR ENDED 31 MARai 2025 Dirert Costs (see note 71 Grnnt fundlng ot actlyltles Support costslsee note 8) Totals Temporary accommodation Move on accommodatl I66 411.228 418,184 DIRECTCOSTS OF I>IARrrABLEACTIV 2024 Staff (xjsts Repalrs to propertv aeaning servi Rates and water Insuran Ught and h&it Telephone Postage and stationery Residents, supplies and actlvltles Database & rr costs Other staff and volunteers Subscriptions Storage costs Sundry expense5 Volunteers matter costs Depreclation Interest payable and MIlar charges 270.440 17.953 221.445 14,040 15.873 7,618 7,388 11,204 9,204 .140 4.ISO 506 17.270 662 15.309 3.251 1,728 1,278 1326 L492 9.493 3,457 1,171 1,171 2,590 251 27.181 328,824 SUPPORT C05rs Governan costs Flnance Totals Tp0rdry accommodation 4,183
COLCHEsfER ENGAGEMEPIT & NExf STEPS LTD FOR THE YEPJ¢ ENDED 31 MARCH 2025 Support costs Induded In the ab(ht, are asfoll(Y 2025 2024 Temporary Total accommodatlon aCtitIeS Bank charges Independent examlnatlon fees Accountancy fees Le8al and wofesslonal fees 1995 1505 215 9.560 NEf INCOMV(EXPENDrruREI Net Incne/(eXPendIture) Is slated after charg1{Cre<tIn8). 2024 Independent eiMInatI0Th fees Depreclatlon- ¢yRd assets L332 4,015 3,457 There were no trustees, remuneratlon or other benefits fw the year ended 31 Ma(ch 2025 nor for the year ended 31 March 2024. There were no trustees, expenses pald for the >*ar ended 31 March 2025 nor f¢r the year ended 31 March 20 2024 Wages and salarfes Soclal securlty costs Other penslon costs 249,116 16A73 4851 12,451 4.072 270.440 22L445 The alwage monthly number d employees durfre the yearwas as follows: 2024 Avern8e number of staff empltyrfed li
COLCHESIER EP4GAGEMENf & NExr STEPS LTD The number of employees wIKe emoyee (exdudln8 ernoY pen51on costs) exceeded £fQ,(XKI 2024 £60,(Di- £70.) The key managunent pwsonnel of the Charfty are consldered to theTrustees and the Manager. The totsl employee benefits of key managneTrt personnel amourt to £69,585 for the year ended 31 Marth 2025 {£69.206 for the ar ended 31 Mawch 2024). Unrestrfcted Restrlcted nds funds Totsl funds INCOME AND ENDOWMENt5 FROM Donatlons and le8ades 49.372 18.471 67,843 amrflable a¢tMtI Temporary accommodatlon Move on attommodatlon 281.363 47.813 281,363 47,813 Investsiient Income 771 771 Total 379.319 1&471 397,PJO EXPENDMJRE RaIsI funds 391 391 Charltable actl Temporary ac¢ommodatlon 313.034 13,557 326.S91 Total 13.557 338,T75 NET INCOME 54,Wi 4.914 59.015 RECQNauATThI OF RINDS Total funds broht fryward 265.(P33 LOll490 1277,583 319.194 1.336.598 -14-
COLCHE51ER ENGAGEMENf & NExrsrEPS LTD FOR THE YEAR ENDED 31 MARai 2025 TANGIBLE FIXED ASSErs Flxtures and fitti and Resldents rr suite property equilrnent Totsls cosr OR VALUATION At l April 2024 Addltlons 60£650 Lf•43,336 4.339 At 31 Marth 2025 £692.005 DEPRECIATION At l Aprfl 2024 CharBe for year 2L3 4362 30.963 4A115 At 31 Marth 2025 4A34 NEf BOOK VALUE At 31 March 2025 645J80 U79 At 31 Marth 2024 1612 373 The freehold prortIeS were revalued dUrf the year erKled 31 March 2(Y22 In accwdance wlth Mlthaels Property Group estate a8ents valuatlon dated l December 2022. 3941 Alexandra Road was valued at £I,000,(KKI and 38 Alexandra Road was valued at £275,(KlO. 19 Mersea Road was purthased on the 14 Feknry 2ry14 for £326,650 wfth Improvanents amountlng to £44.330 carrled (xrt durfn8 the year ended 31 March 2025. The cIng net book value amounts to £370.980. The trustees consldered the Carry1 net book value of the freehold wopwty at 31 March 2025 to represent thelr falrvalue and no revaluatlon was consldered necessary. Cost or valuatlon at 31 March 20251$ represented by: and equlpment IT sulte Totals Valuatlon In 2022 Valuation in 201S LiU330 Ll57J55 L645J 347 1,6gO(
COLCHESTER EGEMENr & NEXT sfEPS LTD FOR THE YEAR ENDED 31 MARQI 2025 DÉBTORS: AMouiif5 FAWNG DUE wfiHIN ONE YE 2024 Trade debtr Other debtors Prepayments and acmied Inc(yne 16.665 715 948 416 18.61x1 2024 Bank loans and 0drafts Isee ncts 17) Sodal securtty and taxes Other credltors Acmials and defeffed Income 18.111 4.356 37.776 2024 Bank loans (see note 17) 354857 375,819 17. LOANS An analysls of the maturfty of loans Is belw. 2025 2024 Amounts fallln8 due wlthln one year on demand: Bank loans 18,111 Amounts fallin8 due between and Ilve ar5. Bank loans- more than I i*ar 375,819
COLOIEsfER ENGAGEMENT & NExr srEPS LTD NOTES TO IHE RNANaALsfATEMENTS.tontlnued FOR THE YEAR ENDED 31 MARQI 2025 SECURED DEBTS The followlnB secured debts are Included withln credltors: 2024 Banl loan 121,310 The loan advanced from the Natlonal Westmlnster Bank In September 2019 is secured by a dwrge on the freehdd propertyat 38 Alexandrd Roa4 Colchester. The loan adwanced from the National Westmlnster Bank In February 2024 is secured by a chae on the freehold property at and 19C Mersea Road, Colchester. MOVEMENf IN FUNDS Net movement In fvnds At 313.25 At 1.4.24 Unrestrfcted funds General Fund 319,194 074 32L268 Restrlcted funds Natlonal Lottery Charltles Board Fund Freehold Property Revaluation Reserve Rent Deposft Guardntee Scheme Keys for Keeps Colchester Borouth Council- voluntsrywelfare Lockton Fund Resident ID Fund Anglla CommunityTrust- resldents IT sulte Gannett Foundatlon 3941 Alexandra Road covld adaptations Counselllng Fund Nl8ht Sheltsr Transforniatlon Fund 250.179 534fi50 250.179 54650 6,833 5.665 (1.866) 5,665 3,3(Xl (3,3(10) 669 1,891 1396 20L19D lJ63 &396 201.tso 8,113 (1261) 1,017.404 6 6991 1010,705 TOTAL FUNDS 14,625 IA3 L334598 a 973 -17-
COLCHEsfER ENGAGEMENf & NExf5fEP5 LTD NcifE5 TO VHE FINANCIAL sfATEMEPllS-contlnued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMÉNf IN FUND5- contlnued Net movement In funds, Included In the above are asfollows: Incomln8 Resources Movement resources expended In funds General Fund 376,191 1374117) 1074 Restrlcted fvnds Rent Deposit Guarantee Scheme Colchester Borou8h Coundl- voluntsry welfare Lockton Fund Resldent ID Fund An8lla Communlty Trust- resldents ITsulte Counsellln8 Fund NSght ShelterTransforn)all¢M Fund {1.860 {3.31JO) 1166> (3.3¢IJ) {1721 (72) (L6201 TOTAL FUNDS 413.799 C•mpaY*tlves for mov• In funth Net movement In funds At 31.3.24 At 1.4.23 Unrestrlrted funds General Fund 265.093 54,101 319,194 Restrfrted fiffids Natlonal Lottery Charlttes Board Fund Freehold PropeTty Revaluatlon Reserve Rent Deposlt Guarnntee Scheme Keys for Keeps Colchester Borough Councll- voluntsry welfare L(Kkton Fund Resldent ID Fund Anglla CommunltyTNst- resldents IT sulte Gannett Foundatlon 3941 Alexandra Road covld adaptatlons Counselllng Fund Nl8ht Shelter Transforniation Fund 250.179 534.650 8.699 5.665 6,737 420 1,403 2,161 1,396 20L190 250.179 534,650 8,699 13,427) (292) 198 (198) 3,3CX) 1,963 1,396 201,190 520 8.113 520 8,113 1012 490 4,914 1,017.404 TOTAL FUNDS L2TI,583 59,015 1,336,598
COLCHESTER ENGAGEMENT& NExfstEP5 LTD NOTESTO IHE FINANaAL STATEMEPlfS.contlnued FOR THE YEAR ENDED 31 MARQI 2025 19. MOVEMENf IN FUNDS- contlnued Comparatlve net m(yMnent In funds, Induded In the abthe are as foll Incomlng resources Resources Movement expended In fvnds Unrestrlcted funds General Fund 379.319 {325.218) 54.101 Restrlrted funds Colchester Borough Councll- voluntsry welfare Lockton Fund Resldentlo Fund An8lla CommunltyTru#- resldents rr sulte CounsÈlllng Fund Nl8ht SheJterTran5forniatlon Fund 13.427) 1292} {42) 13,427) 1292) 240 1198) 520 (2.4801 13.557) 4,914 TOTAL FUNDS 338 7751 59,015 Natlonal Lottery Charltle5 Board Fund To fund the purchase and refurblshment of the freehdd property at 3941 Alexandra Road. Freehold Prnperty Revaluatlon Reserve The gaSn on revdluatlon of the freehold property. Resldents Dwlt Guarantee Sch•M and Keys for Keeps To fund the payment of deposltsto landlords to fadlltste resettlement of resldents. Colcherter Borou8h Counctl - Voluntsry Wellare Grant To fund the costs to support redents In 2018 and speclfkally to fund the ¢ost of resldents dw and alcohol testlng. Lod(ton Fund To fund the datsbase anclllary requlrements, rr expendSture and the depredatlon of computer equlpnenL Resldent ID Fund To fund the purchase of ID documentatlon for resldents AnBlla CommunltyTrust- Reslderts IT Sulte Fund To fund the purthase of an IT sulte and computers forthe use by resldents. Gannett Foundathjn Grant To fund the purchase of equlpment and supplies for a resldents, allotmenL Wlnter Reslllence Fund To fund resldent gymp swlmmlng and basketball acllvftle&
COLCHESTER ENGAGEMENf & NExrsrEPS LTD FOR THE YEAR ENDED 31 MAROI 2025 3941 Aledra Road Covld Pthpiatlons To furKI the Improvements of the freehdd Fyoperty at 3941 Alexandra Road to provlde en-sulte facllltles to all bedrooms. Counselllng Fund Many of our have recl$ed Mentsl Health Issues requlre help but waltlng Ilsts for counsellln8 are beyond the lfjmellne of the pee that stay th us. We have used th55 fund offerfng resldents 8 counsellln8 sess10 vAth quallfied counsellors at iffef Nlth ShelterTranslonn Fund The NsfF stream allows us to efflp1 a full Ilme Day Worker to support cllents vAth a puson<thtred approaclL Thls Indudes takln8 them to heafth assessmenty IU¥n8 appolntment4 JCP appOlntffnts and helpln8 th&n to move Into new acc(xnmodatlon. Thls role gjpports (wjr evenlry openln8 and focuses cllents to en8a8e and Wot(WardS mwe Independent housl There were no related party transactlonsfor the ended 31 Marth 2025.
COLCHEStER ENGAGEMENT & NExr STEPS LTD DEfAIiED sfATEMENT OF ANAN(LAcvmEs FOR THE YEAR ENDED 31 MARQI 2025 2025 2024 INCOME AND ENDOWMENTS Donath>ns and lepdes Donations Legacles Grants 52,012 15.831 90,075 67.843 Investment Income Deposlt account Interest ChaTftable artlvftles Accommodatlon charges Essex County Council - houslne related support Resldents fees 251. 51,7S7 20mZ 247.024 51.757 30,395 329.176 Total Inajmlng resources 413,799 397,FJD EXPENDMIRE Investment nMnagement costs Adminlstratlve expenses 391 tharftable activitles Wages Soclal security Penslons Repalrs to property aeanlng servl¢es Ratss and water Insurdn Light and heat Telephone Postage and statlonery Resldents, supplies and acdvllles Datsbase & costs other stsff and volunteers Subscrlptions storage costs Sundry expenses Carrled forward 249,116 16A73 4,851 17.953 204.922 12,451 4.072 14.040 15,873 7.618 7,388 11,204 9204 766 $06 17,270 662 15,309 3.251 L728 L278 1326 L492 171 Lin 2.590 251 11 380,032 307,462 Thls page does not forni part of the statutory finandal ststements -21-
COLCHESIER ENGAGEMENT & NEKf STEPS LTD DETAILED STATEMENT OF FINANaAL AcnvmES FOR THE YEAR ENDED 31 MARQI 2025 2025 2024 Charttable actlvl Brought forward Volunteers matter costs Depreclation of tsnglble red assets Bank loan Interest Grants to lftdfvlduals 380.032 307.462 9,493 3,457 8.412 4015 I7.1 32&824 Support costs Anance Bank charges 2,995 Governance costs Independent examlnatlon fees ¢ountsn¢y fees Legal and professlonal fees 1,845 2.505 2.215 853 6,565 Totsl resources expended 418 338,775 Net (expendlture)Iln¢ome 4,625) 59,OlS Thls page does not fomi part of the statutory flnandal statements -22-