STEPPING STONES NI
FINANCIAL STATEMEwrs
FOR THE YEAR ENDED 31ST MARCH 2023
( A COMPANY LIMITED B Y GUARANTEE AND NOT HAVING A SHARE CAPITAL)
COMPANY REGISTRATION NUMBER NI 031411
CHARITY REGISTIL4TION NUMBER NIC 100727
O'HARA SHEARER
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS
547 FALLS ROAD
BELFAST
BTII 9AB

STEPPING STONES NI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
CONTENTS
Page
Members and Professional Advisors
Trustees Annual Report
(including the Statement of Directors Responsibilities
in respect of financial statements)
Report of the Independent Auditors to the Members,
8-10
Accounting Policies
11-13
Statement of Financial Activities (incorporating the income and expenditure account)
14
Balance Sheet
15
Statement of Cash Flows
16
Notes to the Financial Statements
17-23
Page I

STEPPtNG STONES NI
Fll¥ANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
OFFICERS AIYD OTHER INFORMATION
Directors
Michael Scott (Chair)
Kenneth Alderice
Belinda ONeill (Resigned 30th January 2023)
Karen Cannichael
Kieran Corrigan
Michael Drayne
Brenda Mcmullan
Cormac O'Donnell (Appointed 31 st March 2023)
Diana FaTrelly (Resigned I st December 2022)
Melanie Jones (Resigned 4th April 2022)
Secretary
Paula Jennings
Registered Office
Stepping Stones NI
39 Seymour Street
Lisburn
County Antrim
BT27 4SY
Auditors
O'Hara Shearer
Chartered Accountants
& Statutory Auditors
547 Falls Road
Belfast
BTII 9AB
Solicitors
Donaldson Mcconnell & Co
Solicitors
8-1 O Graham Gardens
Lisburn
County Antrim
BT28 IYS
Bankers
Danske Bank
62-66 Bow Street
Lisburn
BT28 IYS
Compauy Registration NuDJber
Nl 031411
Charity Commissioll for Northern Ireland Registration Number
MC 100727
Page 2

STEPPING STONES NI
FINANCIAL STATElktENTS
FOR THE YEAR ENDED 31ST MARCH 2023
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors, Report and the financial statements in
accordance with applicable law and regulations.
Company Law requires the directors to prepare financial statements for each financial year.
The Trustees, who are also directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 st March 2023. The Trustees confirm that they
comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting
by Charities: Statement of Recommended Practice which applies to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective l January 2015).
Under company law the directors must not approve the financial statements unless they are satisfied
that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of
the cotnpany for that period. In preparing those f￿anCIal statements, the directors are required to:
select suitable accounting policies and then apply them consistently"
- make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are suffIcient to show
and explain the company's transactions and disclose with reasonable accuracy at any time the financial
position of the conipany 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 company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the directors are aware-
- there is no relevant audit information of which the companys auditor is unaware. and
- the directors have taken all steps that they ought to have taken to make themselves aware
of any relevant audit inforniation and to establish that the auditor is aware of that infomiation.
By order of the board:
MICHAEL scorr
DIRECTOR
]L4RE
DIREC
HAEL
DATE
6th December 2023
DATE
6th December 2023
Page 7

STEPPING STONES NI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS,
Opinion
We have audited the financial staternents of Stepping Stones Nl (the 'charity) for the year ended J l March 202J which
comprise the Statement of Financial Activities, th¢ Balance SheeL the Statement of Cash Flows and the notes to the financial
statements, including a sumrnary of significant accounting policies. The financial reporting framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard
102 Thefiplancial Reporting Standard applicable in the UK ¢md Republic ofIrel(md (United Kingdorn Generally Accepted
Accounting Prarti¢e).
In our opinion, tbe financial statements:
give a true and fair view of the state of the charttable cotnpany's affairs as at i l March 202J and of its incoming
resources and application of resources, including its income and expenditure for the year then ended.
have been properly prepared in accordance with the Financial RetK)rting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORP (FRS102)). the Financial Reporting
Standard applicable Èn the UK and Republic of Ireland (FRS 102).
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Internation￿ Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the accounts
section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our
audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to rqx)rt in respect of the following matters in relation to which the ISAS (UK) require us to report to you
where..
the trustees, use of the going concern basis of accounting in the piepardtion of the financial statements is not
appropriate. or
the trustees have not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period
of at least twelve months from the date when the financial statements are authorised for issue.
Other information
The otheT information comprises the inforniation included in the annual reporL other than the fInancial statements and our
auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does
not cover the other inforniation an￿ except to the extent otherwise explicitly stated in our reporL we do not express any forn]
of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibÈlity is to read the other infonnation an(L in doing so,
consider whether the other information is materially inconsistent with the flnancial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misststernent in the financial statements or a material
misstaternent of the other inforn]ation. If, based on the work we have performed, we conclude that there is a material
misstaternent of this other Informatio￿ we are required to reEK)rt that facL
We have nothing to report in this regard.
Page 8

STEPPING STONES NI
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDEl+rt AUDITOR TO THE MEMBERS,
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the audit, we
have not identified material misstatements in the Trustees, Report.
We have nothino to report in respect of the following rnatt￿5 in relation to which the Companies Act 2006 requires us to
report to you if. tn our opinion:
sufficient accounting records have not been kept. or
the financial statements are not in a￿eernent with the accountino records" or
certain disclosures of trustees, Temunerdtion specified by law are not made. or
we have not received all the inforniation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Staten]ent of Trustees. Responsibilities. the trustee& who are also the directors of the charity
for the purpose of company law, are responsil)le for the prepardtion of the fu]ancial statements and for being satisfied that
they give a true and fair view, and for such internal ¢ontrol as the directois determine is necessary to enable the preparation
of f￿ancial statements that are free from tnaterial mi55tatemenL whethei due to fraud or eTror.
In preparincr the financial statements, the tmstees are responsible for assessincr the ehartty's ability to continue as a going
concern, disclosints as applicable, tnatters related to tsoino concern and usints the going concem basis of accounting unless
the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable &8surance about whether the fllwicial statements as a whole are free from material
misstatement, whether due to fraud or e￿Or. and to issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a
material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually
or in the att￿etrate, they could reasonably be expected to influence the ecollomic decisions of useT5 taken on the basis of
these fmancial statements.
Tegularities, including fraud. are instances of non-compliance wtth laws and regulations. We desig￿ procedures in line with
our responsibilities. outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent
to which our procedures are capable of detecting irrecvularities, including frau4 is detailed below.
Explanation as to what extent the audit Was considered eapable of detecting irregularities, including fraud
The objectives of our audit in respect of fraud, are to identify and assess the risks of material misstaternent of the financial
statements due to fraud. to obtain sufficient appropriate audit evidence regarding the &ssessed risks of material misstatement
due to fraud, through desi.trnincr and implernentino appropriate responses to those assessed risks. and to respond
appropriately to instances of fraud or suspected fraud identified during the audiL HoweveT, the primary responsibility for the
prevention and detection of fraud rests with both management and those charged with governance of the Charity.
Our approach was &s follows..
We obtained an understanding of the legaI and regulatory requirements applicable to the charity and considered
that the most si.trnificant are the Companies Act 2006 and the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective l Janaury 2015) - {Charities so1￿ (FRS 102).
Enquiry of managernenL those charged with governance aDd the entity's solicitor5 around actual and potential
litigation and claims.
Enquiry of entity staff in compliance functions to identify any instances of any non-compliance with law5 and
regulations.
Reviewino fmancial statement disclosures and testincv to SUPPOttino docurnentation to assess compliance with
applicable laws and regulations.
Page 9

STEPPING sfoNES NI
FINANCIAL %fATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS,
Auditing the risk of management override of controls. including thmugh testing journal etttries and other
adjusitnents for appropriateness, and evalU￿Ing the bwsiness rationale of signifi(￿t transactions outside the
normal course of busine5S.
As part of an audit in accordance with ISAS (UK) we exercise professionat judgement and maintain professional scepticism
throughout the audit. We a]50'.
Identify and assess the risks of material mi&%tatement of the financial statements, whether due to fraud or error.
design and ptrform audit procedures resFonsive to those risks. and obtain audit evidence that is sufficient and
appropriate to provide a b&5is for our opinioTL The risk of not detecting a materia] misstslement resulting from
frdud is higher than for one resulting from error. &8 fraud may involve collusion. forgery. intentional omissions.
isrcprcsentations, or the override of internal control.
Obtain an understanding of interna] control relevant to the audit in order Éo design audit procedures that are
appropriate in the cir¢umstances. but not for the Purwbses of expressing an opinion on the effectiveness of the
company's inlema] control.
Evaluate the appropriateness of accounting polictes used and the re&sonableness of accounting estimates and
related disclosures made by the directors.
Conclude on the 8ppropriat¢ness of the directOTS' use of the going concern basis of accounting an(L based on the
audit evidence obtained, whether a materiat uncertsinty exists relatd to events or conditions that may cast
significant doubt on th¢ charity's ability to continue as a going concern. If we concludc that a matcrial uncertainty
exists, we are required to drdw attention in our auditovs rew>rt to the related disclosures in the financial Statements
or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidcnce
obtained up to our auditols retx)rt. However, ￿tllre events or conditions may cause the charity to cease to continue
&$ a going concem.
Eva]uate the overall presentation, Structure and content of thc financial statements. tncluding the disclosures. and
whether the finan¢iaI statements represent the underlying transactions and events in a manner that achieves fair
presentation.
A ￿rther description of our restK)nsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at: httpJlwww.frc.org.uk/auditorsresrx)nsibilities. This description fornis part of our auditof s reporL
We communicate with those charged with 8ovemance regardin& among other matters. the planned s¢ope and timing of the
audit and si￿1f]cant fmdings. including any significant deficiencies in intema] control that we identify during our audiL
Use of our report
Thi5 report 15 made solely to the charitable COMpan￿S members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006 and regulations made under that ACL Our audit work has been undertaken so that we might state to the
charitable company's members those matte]3 we are required to state to them in an audito￿, rewrt and for no other purpose.
To the fullest extent pennitted by law, we do not accept or asstune reswpnsibility to anyone other than the charitable company
and its
ernbers as a
, for our audit worl for this reporL or for the opinions we have forni
LAWR
CE SHEARER F.C.A., Sejkior Statstory Auditor
FOR AIYD ON BEHALF OF O'IL41L4 SHEAREIL Ststutory Auditor
O'HARA SHEARER
CFL4RTERED AccouNfANTS
AND STATUTORY AUDITORS
547 Falls Road
Belfast
BT119A
Dated:
Page 10

STEPPING STONES NI
FINANCIAL STATEl￿ENTs
FOR THE YEAR ENDED 31ST ￿4￿Cll 2023
STATEMENT OF ACCOUNTING POLICIES
Accounting Convention and Basis of Accounting
The financial statements have been prepared under the historical cost convention.
The fKnancial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard which applies in the UK and Republic of Ireland (FRS 102)
(effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Going Concern
At the time of approving the fmancial statements, the trustees, have a reasonable expectation that the charity
has adequate resources to continue in operational existence foi the foreseeable future. Thus the trustees,
continue to adopt the going concern basis of accounting in preparing the financial ststements.
Income Recognition
Income is recognised when the Charity has entitlement to the ￿nds, any perforniance conditions attached
to the item(s) of income have been meL it is probable that the income will be received and the amount
can be measured reliably.
Interest Receivable
Interest on funds held is included when receivable and the amount can be measured reliably- this is
nom]ally upon notification of the interest paid or payable by the Bank.
Resources Expended
All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all
costs related to the category.
Fundraising costs include the costs of advertising, producing publications, printing and mailing fundraising
material, and staff costs in these areas.
Costs of charitable activities include direct expendittire incurred through operational activities.
Governance costs represent the costs associated with the governance a￿angernents of the charity which
relate to the general running of the charity as opposed to those costs associated with fundraising or
charitable activity.
Fixed Assets
All tangible fixed assets are recorded at cosL
Page 11

STEPPING STONES NI
FINANCIAL STATEMEwrs
FOR THE YEAR ENDED 31ST MARCH 2023
STATEMENT OF ACCOUNTING POLICIES
Continued
Depreciation
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives
at the following rates:
Freehold Property
Improvements to property
Fixtures and fittings
Computer equipment
20/0 straight line
I 00/0 Straight line
20 % straight line
25 % straight line
Investments
Unlisted equity investments are initially recorded at COSL and subsequently measured at fair value. If fair
value cannot be reliably measured, assets are measured at cost less impainnent.
Listed investments are measured at fair value with changes in fair value being recognised in income or
expenditure.
Repairs and Renewats
All repairs and renewals are written off &s incurred
Pension Costs
The charity does currently operate a defined conribution pension scheme.
Debtors and Prepayments
Trade debtors and other debtors are recognised at the settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at
their settlement amount after allowing for any trade discounts due.
Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective interest method.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate
of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving
at the net movement in funds.
Page 12

STEPPING STONES NI
FINANCL4L STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
STATEMENT OF AccouwfING POLICIES
Continued
Fulld Accounting
Unrestricted ￿ndS are general funds that are available for use at the Trustees, discretion in furtherance of
the charitable objectives of the charity unless the funds have been designated for other purposes.
Designated ￿ndS are unrestricted funds set aside by the trustees out of unrestricted funds for specifi
ture purposes.
Restricted funds are those given for use in a particular area or for specific purposes, the use of which is
restricted to that area or pu￿Se.
Endownment funds are subject to specific conditions by donor5 that the capital must be maintained by the charity.
The income received from funders depends on the chaTity meeting detailed criteria on expenses plans.
Grants given under such conditions are also given subject to them being obtained for in connection with the furtherance of the
charity's aims and objectives.
Such income can be repayable to the ￿nder if such expenses plans and criteria are not met.
Such income is only deferred when the donor specifies that the granudonation must only be used in ￿tUre accounting periods.
or the donor has imposed conditions which rnust be met before the charity h&$ unconditional entitlemenL
Income from charitable activities includes income received under contrdct or where entitlement to grant funding is subject
to specific perfoTmaThce conditions is recognised as earned as the related goods/services are provided.
Grant income included in this category provides funding to support perforniance activities and is recognised where
there is entitlemen¢ certainty of receipt and the amount can be measured with sufficient reliability.
Income is deferred when: feeslperfonnance related grants are received in advance of the perfoTmance/event to
which they relate.
Reserves Policy
Stepping Stones Nl reserves policy is to maintain a sulricient level of reserves to enable operating activities
to be maintatned for a period of at least 3 to 6 months in the event of major funding streams ending. The reserves policy
aIso takes account of covering costs in the event of closure, to cover redundancies, rents, and fees that are due including
statutory audit fees. It also takes account of potential risks and contingencies that may arise from time to time.
Stepping Stones Nt maintain unrestricted reserves if accrued should be ￿sed for the PUTposes which meet the aims
and objectives of Stepping Stones NI. The board should monitor and review the amount of unrestricted reserves
monthly in addition to the level of any restricted reserves.
Page 13

STEPPING STONES NI
STATEMENT OF FtNANCIAL AcfiN'ITIES
the income and ex
FOR THE Tr'EAR E￿DED 31ST MARCH 2023
inco
oratin
enditure account
Unrestricted Restricted Endownment
Fund5
Fund5
Fllnd5
TOTAL
2023
TOTAL
2022
NOTES
INCO￿lE AND ENDOWNfvIEpifs FROM:
Donations and legacies
tncotne from investments
Incom¢ from charitable activities
tn¢ome frorn other trading activities
5.673
1.216
1.852
335.614
5.673
4.988
l.216
171
I,i09.431 1.348.642
J92.571
196,977
IJ07.579
56.957
TOTAL INCOME AND ENDOWNMET4TS
344J55
lJ64,S36
1,708.891 1,550,778
EXPENDITURE ON:
Expendittwe on raising fimds
Expenditure on ctwiiable activities
Other expenditure
Net gain￿(losSes) on investhients
118A03
322.190
118,JOJ
76.050
1.684,707 1.531,316
1.362.517
TOTAL RESOURCES EXPENDED
440.493
1.362.517
I,80i,010 1,607266
NET INCOMEI{EXPENDITURE)
{96,138)
2,019
194.1191 156,5881
Transfers between fiu)ds
NET MOVEIWIENT IN FUNDS
(96.1381
2,019
194,1191 (563881
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
885,163
5,000
890,16J
946,751
Prior year adjustment
TOTAL FUNDS CARRIED FORWARD
789.025
7.019
796,044
890,163
The Statement of Financial Activities iTrclude5 all gal￿5 2nd losses in the yeAr And therefore
ststtment of Total Recognised Gains and Losses Dot been prepAred
All Of the above aThouDts relate to continuing activities
The attDrbJPOThying 4ccoullting poJiciE5 alld the note% fortD Part of these fillaDrial statements
P88e 14

STEPPING STONES NI
BALANCE SHEET
AS AT 31ST MARCH 2023
2023
2022
NOTES
FIXED ASSETS
Tangible assets
Investments
373,853
386,988
10
373,853
386,988
CURRENT ASSETS
Stocks
Debtors and prepayments
C&sh at bank
Cash in hand
10,581
195,726
533,059
1,821
741,187
8,234
168,379
809,53 E
1,526
987,670
12
Creditors: amounts falling due within one year
13
(114,828) (254,805)
NET CURRENT ASSETSI(LIABILITIES}
626,359
732,865
TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES )
1,000,212 1,119,853
Creditors: amounts falling due after more than ODe year
14
(204,168) (229,690)
NET ASSETSI(LIABILITIES)
796,044
890,163
FUNDS:
ENDOWNMENT FUNDS
UNRESTRICTED INCOME FUNDS
15116117118119120
789,025
885,163
RESTRICTED INCOME FUNDS
15116117118119120
7,019
5,000
796,044
890,163
APPROVED ON BEHALF OF THE BOARD OF DtREcfoRS .
MICHA
L SCOTT
DIRECTOR
EL
DIRECTOR
DATE
6th December 2023
DATE
6th December 2023
The xe¢ompanying accounting policies and Dotes form part ofthese financial ststements
Page 15

STEPPING STONES NI
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2023
2023
2022
NOTES
CASHFLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
16
(241,754)
24,189
Net cash inflow/(outflow) from operating activities
(241,754)
24,189
Investing aetivities
Investrnent income
Purchase of tangible fixed assets
Acquisition of investments
Amounts owed between funds
Disposal of investTnents
Disposal of tangible fixed assets
171
(34,423) (43,946)
10
146,430
Net cash from investing activities
(34,423)
102,655
Increase/(deerease) in cash and cash equivalents in the year
(276,177)
126,844
Cash and cash equiv21eDts at the beginning of tbe year
811,057
684,213
Cash and cash equivalents at the end of the year
11
534,880
811,057
Relating to:
Cash at bank 2nd in hand
li
534,880
811,057
Page 16

STEPPING ¥foNLS NI
OTLS TO TFtE FINANCIAL STATEMENrs
YEAR ENDED 31
.IAR
H 2023
I. DONATIONS AND LEGACIES
Unrtstitied Restr￿tea
FllDds
FllDds
unreStr￿led
Funds
Restricted
F￿￿d$
2023
2022
Donatio
Legacie5
5.673
5.673
4.988
4.988
5.673
5.673
4.988
2. INCOME FROM INVESTMENTS
Uthrestrirttyj
F￿1)d5
Rtstritttd
Funds
Uthresiricted
Futhds
Restrictt
FuDd5
2023
2022
Sncome frorn UK listed investtnents
Incom¢ frorn ¢￿h
1216
1216
171
171
1216
1.216
3. INCO￿tE FROM CHARITABLE AcmiTIES
Ullrestricttd
Funds
Rc5trided
Fuwds
Unrt5tricted
Re5triete(i
Funds
20ZJ
2022
South E￿te[￿ Health and Care Trust
Stepping Stones to Employmerti- ESF- DE- Dfc
Business Services Organisaiton- Special Reco￿11tion Grant
Lisburn and Castlereagh City Counca
HM Revenue & Custo￿5
Youth Servi¢e- ESF- DIE
Newry. Mourne and Domm CowKil
Ards and North Down Councfl
Annagh, Banbridge and CrdigTh)n Councjl
Capithi Grani Rel¢￿ed
Sundry illCDtne
291 J12
866.530
35.018
23.156
291J12
866.530
35.018
23.156
280.269
352.052
280269
727J99
375,347
105,000
69.556
71,669
10,000
36.000
23,?27
25,522
105.000
69.556
71.669
10,000
36.000
23227
25 522
10.000
40558
15.483
25522
10.000
40558
15.483
25.522
1.852
1.852
Le5s.' Deferred Incom¢ (SeeNore 12)
1.852
lJQ7.579
1.309.431
375.347
973,295
l J48,642
4. INCOME FROM OTHER TPADING ACTITrITIES
ujre5t￿¢
FuDds
ReStr￿ted
Fu•d5
Upre5tri¢led
Fund5
Restricted
Fund$
2023
2022
Trading Income
Fundraising
Training Fec5
Other Income
334,556
1.058
334556
54.443
3 J72
190.819
2J94
3.534
330
190.819
2294
3,534
330
53J85
3.5T2
335.614
56.957
392.571
196,977
196.977
Pagc 17

sTEPPING.STo￿ES YI
NOTES T
THE FI)i AIYCI.4L ST.4TEMENTS
FOR THE YEAR ENDED 3isr 11.4RCH 2023
S. EXPENDITURE ON IL41SING FUNDS
L.Art51rltied Restr￿led
Funds
Funds
Unre5tri¢ted Rc5tricted
FutLd$
Funds
2023
2022
Direct eipeuditure
118J03
118J03
7&050
76,050
& EXPENDITURE ON CHARITABLE ACTIVITIES
L'nre5tri¢ted Restricted
Funds
Unre5tri¢t¢d Re5tritttd
FutLd$
Funds
2023
2022
Dlrect expendilure
229.463 1 J2&565 I.555,028
392,28S
9&4,988 1.377,273
SrLPPOrt Costs Governance costs
91727
3&952
129.679
I54,{￿3
154.043
TOTAL EXPENDITURE ON CHARfrABLE AcnvrriES
32LI90 1 J61517 I,684,707
$46J28
984.988 1,531,316
7. NET GAITrISIILOSSESI ON NVEMIENTS
Nei Igains)llosses on investments
Page 18

STEPPING STONES NI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
7. NET (OUTGOING)/ INCOMING RESOURCES FOR THE YEAR
This is stated after chargingl(crediting}
2023
2022
Auditors remuneration
Depreciation
4,965
47,558
5,296
45,831
8. SALARY COSTS AND EMOLUMENTS
2023
2022
Total staff costs were as follows:
Wages and salaries - key management personnel
Wages and salaries - other staff
Employer social security costs - key management personnel
Employer social security costs - other staff
Employer social security costs - SMP & SPP Recoverable
Employer social security costs - Employment Allowance
191,178
179,909
1,059,443 1,004,127
36,049
153,110
(23,669)
(5,000)
75,517
1,411,111 1,259,553
The average monthly number of employees during the year was as follows:
2023
Number
93
2022
Number
58
Trustees, remuneration and benefits
There was no trustees, remuneration or other benefits for the year ended 3 1st March 2023. (2022: £Nil)
Trustees, Expenses
There were no trustees, expenses paid for the year ended 31 st March 2023. (2022: £Nil)
Page 19

STEPPING STONES NI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
9. TANGIBLE FIXED ASSETS
Freehold Improvements Fixtures & Computer
Property
to Property
Fittinos
Equipment
Total
COST
As at 1st April 2022
563,028
42,335
154,822
49,641
809,826
Additions
Disposals
28,691
5,732
34,423
As at 3 1st March 2023
563,028
42,335
183,513
55,373
844,249
DEPRECIATION
As at 1st April 2022
262,885
9,213
108,816
41,924
422,838
Charge for year
Eliminated on disposal
11,261
4,233
27,287
4,777
47,558
As at 3 1st March 2023
274,146
13,446
136,103
46,701
470,396
Net book value 2023
288,882
28,889
47,410
8,672
373,853
Net book value 2022
300,143
33,122
46,006
7,717
386,988
11. CASH AT BAfiK
2023
2022
Danske Bank - Current Accounts
Danske Bank - Investment Accounts
151,043
382,016
358,732
450,799
533,059
809,531
Page 20

STEPPING STONES NI
NOTES TO THE FtNANCI.4L STATEMENTS
FOR THE YEAR ENDED 31ST
H 2023
12. DEBTORS.. AMOUNTS FALLING DIIE WITHIN ONE YEAR
2023
2022
Trade debtor5
Other debtOT5
Prepayments
19,285
171,930
16.500
146.430
5.449
195,726
168.379
13. CREDITORS: AMouTrrfs FALLING DifE WITHIN ONE YEAR
2023
2022
Bank loans and overdrafts (See Nole 17)
Trad¢ creditors
Value Added Tax
Social security costs and other tLxBs
Orher ¢r¢ditors
tkferred in¢ome
Sundry crediiors and a¢¢Tued exFtL5es
146.430
28.689
2.668
37,569
7,016
3.662
23.356
43.236
3,662
73,356
114828
254.805
14. CREDITORS: AMOiTNTS FALLING DUE AFTER MORE THAN ONE
2023
2022
Bank loans
Deferred capital fimding
204.168
229.690
204.168
229,690
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangbi le
Fixed
Assets
Debtors
C&sh at
Crtsjitors
and AccnJa]s
Trdnsfttg
between Funds
Investments Prepairynents
in Hand
2023
2022
Unrestricted Funds
373.853
10,581
519.419
{114,828)
789.025
885,163
Restricled Funds
195,726
15.461
{204.168)
7.019
5,000
Total Funds
373,853
2(k4,307
534.880
1318.9961
796,044
890,163
16. RECONCILL4TXON OF OPERATING PROFIT TO NET CASH FLOW FROM OPERATING
ACTtVITJES FROM OPEIL4TtNG AcfivITIES
2023
2022
Op¢rating Surp]u￿(DerICit) for the ycar
Depreciation
Movement in St￿kS
Movetnent in debiors
Movetnent in creditors
IGain)ILoss on investments
IProfityLoss tsn disposa] of Fixed Asstts
194.119)
47.558
(2.347)
(27.3471
{165.4991
(56.5881
45.831
{2.582)
70,800
(33,101)
(171)
Net tash inflowl(oufflow) from operating activities
1241.7541
24,189
Py21

EPPtNG STONES NI
NOTES TO THE FINANCIAL STATENIENTS
FOR THE YEAR EN"DED 31sr MARCH 2023
17. fvIOVEMENT ITr4 FUNDS
Net Movement
in Funds
2022
Opening
Balllnce
Transfer5
beh¥een Funds
Prior year
Adjustment
Income
Expenditsre
2023
2022
Unrestricted Funds
885.163
344355
(440.493)
(96.138)
789,025
885,163
Restricted Funds
5,000 I J64.536 11 J62.5171
2.019
7.019
5.000
890,163 1,7118.891 11*03.0101
(94.119)
796,044
890.163
Pasr 22

STEPPING STONES NI
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31ST MARCH 2023
18. UNRESTRICTED INCOME FUNDS
2023
2022
Balance at I st April 2022
885,163
946,251
Incoming resources for the y
Resources expended for the year
Transfer between funds
344,355
(440,493)
577,483
(622,378)
(16,193)
Balance at 31 st March 2023
789,025
885,163
19. RESTRICTED INCOME FUNDS
2023
2022
Balance at 1st April 2022
5,000
500
Incoming resources for the year
Resources expended for the year
Transfer between funds
1,364,536
(1,362,517)
973,295
(984,988)
16,193
Balance at 31st March 2023
7,019
5,000
20. DESIGNATED FUNDS
Designated funds are Lmrestricted funds set aside by the trustees out of unrestricted funds for specific
ture purposes.
21. LEGAL STATUS
Stepping Stones NI is a Company Limited by Guarantee.
Each member has agreed to contribute £1 in the event of a compulsory winding up.
Stepping Stones NI is registered with The Charity Coujmission for Northern Ireland,
Charity Number 100727. Date of registration 9th December 2014.
Stepping Stones NI is a recognised Charity within the defmition of Section 360(3) Income
and Corporation Taxes Act 1970 by the Commissioners of the HM Revenue & Customs.
Page 23