STEPPING STONES NI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ( A COfvIPANY LIIWIITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1031411 CHARITY REGISTRATION 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 2025 CONTENTS Page Membei's and Pi'ofessional Advisors TrLlStees Anniial Report (inclLiding the Statement of Directors Responsibilities in respect of financial statements) 2-30 Repoit of tlie Independent Aiiditors to tlie Members, 31-33 Accounting Policies 34-36 Statement of Financial Activities (incoi'porating the income and expenditure account) 37 Balance Sheet 38 Stateinent of Cash Flows 39 Notes to the Financial Statements 40-46
STEPPING STONES NI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 OFFICERS AND OTHER INFORMATION Directors Micliael Scott (Chair) Micliael Di'ayne Cormac O'Donnell Lisa Beers Sarah Jolinston Sliirley Smylie Secretary Paula Jenniiigs Registered Office Steppiiig Stones NI 39 Seyinour Sti-eet Lisburn County Antrim BT27 4SY Auditors O'Hai'a Shearer Chaitered Accoiintants & Statutory Auditoi's 547 Falls Road Belfast BTII 9AB Solicitors Donaldsoii Mcconiiell & Co Solicitors 8-10 Graliam Gardens Lisburn County Antrim BT28 IYS Banker5 Dansk¢ Bank 62-66 Bow Street Lisbui'n BT28 IYS Company Registration Number N1031411 Charity Commission for Northern Ireland Registration Number NIC 100727 Page I
Section 1: The organlsation Section 2: Who we are Section 3 Our Purpose, mission and values Section 4: Strategy for delivery Section 5: Performance and achievements Section 6: Financials SECTION 1- The Organisation Reference and Administrative Details Registered Company number N1031411 (Northern Ireland) Registered Charity Number 100727 VAT Number 701428570 Date of Incorporation October 1996 Registered Office 39 Seymour St Lisburn Co Antrim BT27 4SY Trustees Michael Drayne Michael Scott Chair Cormac O DonneLI ( resigned JULY 2024) Sarah Johnston (resigned June 20251 ShirLeyAnn Smylie Lisa Beers Jenna Gardiner (joined September 2024) Company Secretary and Chief Officer Paula Jennings
Independent Auditors Laurance Shearer: O'Hara Shearer 547 Falls Road, Belfast BT119AB Solicitor Donaldson Mc Connell & Co 8-10 Graham Gardens Lisburn Co Antrim BT28 1XE Bankers Danske Ban1< 62-66 Bow St Lisburn BT28 1YS Website htt s:11 ni.com/
SECTION 2-Who we are Stepping Stones Nl is an award-winning charitable organisation and company Limited by guarantee that has provided training and employment services for people with learning disabilities, learning difficulties and Autism who often are furthest away from the labour market, for over 27 years. We do this in conjunction with social enterprise activity. The companywas first established in 1996 to fiLI the gap in service provision for people with Learning disabilities who had no access to training to advance their skills towards employment, education and volunteering. Stepping Stones Nl opened its doors in January 1998 providing training and supported opportunities for peopLe with severe Learning disabilities. In the reporting period from 1StApril 2024- 31" March 2025 we continued to deLiver our range of services providing opportunities for people with disabilities to advance their personal and employabiLity skills and overall health and wellbeing, towards a life more f u If illed. The services and social enterprises at Stepping Stones Nl during the reporting period included: Youth Service: engaging with young people aged 16-24 who were not in any form of training or employment through a range of employability and personaL development activities. Training: offering training and outreach training to people in various courses leading to the attainment of accredited qualifications including customer service, health and safety, work appropriate behaviour, catering, financial literacy. and mental heaLth etc. Employment Service and Academies: providing employment supportto people with learning difficulties and learning disabilities. This included help with writing CVS, application form preparation, interviews preparation and support in the workplace with employers. The Courtyard Cafe: Social enterprise Cafe in Lisburn delivering quaLitytraining for people with learning disabilities in hospitality, customer service and food preparation. Pink Elephant Cards: Social enterprise specialising in bespoke wedding stationery and greeting cards made by people with learning disabilities. 2ndAvenue Cafe: social enterprise providing volunteering opportunities to adults with learning disability as welL as an outside catering service. Stepping Stones Nl Picture Framing: Social Enterprise offering training in picture framing and customer service to people with learning disabilities. Recognised bythe Fine ArtTrade Guild as quality provider of framing services and staff trained to Guild Commended Framer standard.
The Gatelodge Café: Social enterprise Café in Newtownards delivering quality training for people with Learning disabilities in hospitality, customer service and food preparation. Navigation House: programme foryoung people to advance their skills in horticuLture and to engage health and wellbeing activities Delivering social impact at Lisburn Island Centre delivering contracted catering provision for Lisburn and Castlereagh City Council. Stepping Stones Nl ensures that people with a learning disability, autism, and barriers to Learning have the support and opportunity to develop their skills, realise theirtalents, try new things, attain accredited qualifications, and live as active citizens in their community. We develop quality training and empLoyment services for people with a variety of learning abiLities who require the support they need to advance their training and gain the supportto gain employment. The work duringthe delivery period was supported by UK Shared Prosperity Fund, contracts including Health Trust Contracts and Department for Communities fundingto deliver locaL labour market partnerships. as well as income generated through our social enterprises which is reinvested back into the organisation to creating social impact. Stepping Stones Nl continued work successfullythrough PROSPER funded by UK Shared Prosperity Fund in collaboration with Triangle Housing Association Limited, AEL Ltd, CAN Ltd and ApplebyTrust. The PROSPER programme commenced delivery on 1, April 2023 for a period of two years. (an extension of one yearwas granted from 1st April 2025 to 31st March 2026)
SECTION 3- Our Vision, Values and Objectives Stepping Stones Nl is a Limited Company with charitable status that has been deLivering seNices since January 1998. It provides quality training and employment services for people with a range of disabilities who often are furthest removed from the Labour market, helping those people to find a job if it is their ambition. Ourvision AsocialLyenriched world where every individual can take proud steps towards a Life fulf iLled Our Purpose To nurture the potential ofpeoplewithadisabilityto thrive in a socially inclusive society. Ourvalues Respect:We respect everyone's rightto a life more fulfilled and respect each other in the process Inspire: We inspire employers and the widercommunityto see disability differently Empowering: We empower each other to make a positive impact on the worLd and in the organisation, we work OurVaLues drive our behaviours and govern our actions. They are at the heart of our culture and define who we are, and howwe present ourselves every day. Our Behaviours Driven: We are driven, seizing every opportunity to create better lives Honest: We are honest and always do the right thing Positivelycharged: We are positiveLycharged and passionate about makingthings possible. Nurturing: We Nurture aLI our People to be their best QuaLityfocused: We are qualityfocused, to always ensure the highest standard.
Our Culture People and Purpose are at the centre of everything that we do. Through our culture our values will be instiLLed throughout the organisation, mal<ing a positive difference to people's lives Ourteam WILL work with purpose and passion to go the extra mile for our people. Our Objectives To develop sen/ices and social enterprises which will provide appropriate training opportunities leadingto employment for adults with learning difficulties. To equip individuals participating in projects and services with knowledge, skilLs, attitudes and qualifications to enable progression to supported employment. To increase disability awareness amongst society. To promote independence, wellbeing and sociaL inclusion amongst adults with learning difficulties participating in projects. To provide a quality service to stal<eholders accessing Stepping Stones Nl services and social enterprises. To promote cooperation and develop Linl<s with other reLevant agencies to maximise opportunities for people with learning difficulties. For the purposes of this report the expression 'learning difficulty shaLI include any Learning disability, difficulties, and associated problem or those who appear on the autistic spectrum, a developmental disability of the mind, sensory impairment, acquired brain injury or mental health probLem. Neurodiverse refers to is a term that has gained traction if recent years to describe people with disabilityldifficulties as having a brain that worl<s differentlyfrom the average or'neurotypical" person.
SECTION 4- Strategy for Delivery Our strategic focus for the next 4 years12024-20281 is to channel a more holistic approach to the delivery of our services and to seize every opportunityfor our participants and trainees. We passionately believe that people with disabilities should have access to every opportunity that leads to a life more fulfilled. We will sustainably grow our services and social enterprises for purpose for people with a learning disability and barriers to learning Our Values Qu¥ 8eh8viours Our Services Defincd Mll rkels ftsh sup ' ALuFevpppIPp¢.' . Geography )RTrI£Rt4 IRELAJ+O ÉVROPEAN VNIC Our Strategic Priorities 1. Quality: Strivingfor excellence and the highest standard in alLthat we do 2. Team: Attracting and developing a team of well sl<illed, confident, and professional people 3. Social Enterprise: BuiLding on and expanding social enterprises to grow our income always with a balance on our people and mindful of our Stepping Stones Nl purpose. 4. Employment, Training and Youth Services and wellbeing: Developing and delivering employment and training services to find jobs for people to prosper and live well. 5. Technology: Embracing technology to drive quality, performance and innovation.
- Sustainability: Developing a more sustainable and responsible business model and financial sustainabilitywith purpose at this core. Stepping Stones Nl was incorporated in 1996 and is established under Articles of Association which sets out the objects and powers of the company, and the company is governed under its Articles of Association. These articles were revised and updated during the reporting period bythe board of Trustees and passed to the Charities Commission of Northern Ireland for review. Our Public Benefit In shapingthe strategy and objectives of Stepping Stones Nl the Trustees have considered the Charity Commission Nl guidance on pubLic benefit including the commissions Public Benefit Reporting Document and confirm that they have complied with the requirements of section 4 of the Charities Act (Northern IreLandl 2008. The direct benefits which flowfrom our purposes to advance education, relieve unemployment and develop the capacity and skills of individuals aged 16 and overwith learning disabilities and learning difficulties, are: to provide or assist in the provision of, programmes of education, including accredited and vocational training designed to assist the beneficiaries to lead to employment and volunteering opportunities and to enhance their personal development. to provide support and guidance to the beneficiaries in the transition towards employment. to establish and manage community-owned-business projects promoted by the companyto create training and employment opportunities forthe beneficiaries in benefit. to advance any other exclusively charitable purpose as the directors may, from time to time, decide in accordance with the law of charity.
Our Benefits The organisation is committed to delivering services to peopLe with learning disabiLities and learning difficulties that assist in their development and personal progression Leadingto employment we do this through: The provision of a range of services and social enterprises that provide the opportunity for people with learning disabilities and Learning difficulties to gain qualifications leadingto employment. The increased personal development and wellbeing of people with learning disabilities and learning difficulties. Attainment of qualifications and skills development of people with learning disabilities and learning difficulties. Youth service, training and empLoyment service provide job support and delivery employer lead academies for people to gain voLunteering and empLoyment in the community. SociaL enterprises that provide a reaListic working environment in which people can develop their work skills, gain qualifications and engage with customers thus increasingtheir seLf-esteem, confidence and independence. The development of programmes and services that will support people with learning disabiLities and Learning difficulties fulfil theirfulL potential in society. io
SECTION 5- Achievements and Performance 202412025 Our Services During 202412025 Stepping Stones Nl our services continued to thrive with continued support from new funders, employers and stakeholders. We continued to deLiver and build on our quality services that support people with Learning disabilities, learning difficulties and Autism to develop their employability skiLls and achieve qualifications leading to employment. We did this across Lisburn & CastLereagh City Council, Ards and North Down Borough Council, Newry Mourne and Down District Council and in Armagh City, Banbridge and Craigavon Borough Council and BeLfast City Council areas. We continued to deliver the provision of catering services at Lisburn Civic Centre, for Lisburn and Castlereagh City Council, putting social enterprise at the heart of a community and civic space whilst generating income forthe organisation. Employment Service The Employment Service supports participants to gain empLoyment/jobs andlor voluntary placements of their choice. The employment service provided people with opportunities to avail of: Innovative pre-empLoyment"BE IN WORK" academy training courses with industry specific companies that led to a paid job for participants. We embedded our newly branded"BE IN WORK" Academies into the Stepping Stones to Employment delivery modelwithin the new PROSPER consortium, to address local Labour market skills shortages, as well as meeting individuaL empLoyertraining requirements. st Since LA 24t 1st March 2025 there were: 531 referrals from participants who were economically inactivel with long term complex health needs Idisability 201 jobs secured for people accessing our services. 79 people with a learning disability engagingwith Stepping Stones Nl 19 referrals to ouryouth Service 307 accredited qualifications 32 industry led employment academies, in partnership with a number of employers including: ocs EE li
Peacocks Decora HaLdane Fisher Hendersons RetaiL Group Premier Inn Popeyes McDonalds Foot Antsey McKees HCL Poundstretcher The academies were aimed at labour marl<et employment gaps where we worked with premier employees in the following industries: construction, manufacturing, retail, hospitaLity and catering, IT and customer service. Access to a range of training courses to help people prepare for work, including CV buiLding, job search, customer services skills, effective communication sl<ilLs and essential skills Tailored career guidance to help people find a newjob and career. A broadened curriculum to embed wider societal incLusion topics such as, LGBTQIA+, Mental Health First Aid to promote equaLity and provide a safe space for participants. The Employment Service delivered its services across council areas noted below under the UK Shared Prosperity funded, PROSPER programme. Lisburn and Castlereagh City Council Ards and North Down Borough CounciL Newry Mourne and Down District Council Armagh City, Banbridge and Craigavon Borough Council Belfast City Council Stepping Stones Nl is deLighted and proud to report that on our second year under UK Shared Prosperity Fund- PROSPER Programme we delivered: 154 people gained paid employment 393 economically inactive people with a disability or health condition participated in employment support: exceeded target by 105%. 192 accredited qualifications were gained by 176 participants Steppingstones Nl employment team continued to work together to achieve the best possible outcomes of people with disabilities in our communities. The team were instrumental in assisting employers and business to support our people to achieve employment and volunteering dreams. 12
Stepping Stones NI'BE IN WORK" Academies I MEMBER 51 HIRING otruldn9forth HondorsonGFQUP I Vlliiouitolqsartd shlftsov?Ilab1• HIRINGI cus cus SERVIC DVIS HCLTech' • Prosper ,*4 Prosper Our Employer partnerships are very extremely important to us, and we are grateful to our employers for the opportunityto be a recruitment partner to ensure increased inclusion and diversity in the workpLace. Our employer academies provide accredited training in a group setting to a maximum of 10 people leading to a supported interview, Leading to empLoyment for ringfenced jobs. What our employer partners said (515 satisfaction rating) 'Kellywas amazing. She was organised and great at communicatingwith us. This academywas by far the most successful and l am puttingthat down to l<elLy. It was great being abLe to go in and chat with the candidates priorto their interview. l also thinl< that Kelly's presence in the store was beneficialfor the candidates. We will most definitely be doing more Academy's soon!" "Bethany was excellent, Made the process very easy, was always on hand for support and was always positive with any queries I had. Great approach to understanding requirements of roles within Finnebrogue and understandingthe opportunity offered" "Working in partnership with Stepping Stones supported us delivering a successful warehouse operative recruitment campaign. The candidates were very engaged with the programme and took a Lot awayfrom it. We loo[< forward to our next academy Later in 2025. 13
When asked would they recommend us to other employers '1 have already" "Yes- professional approach throughout aLI stages of the academy from pre- planning and preparation, during and after. "Yes, as this was a different approach to recruitment within the local community. Seeing candidates complete the 3-day program showed a level of commitment which can transfer to the workpLace. "Yes- have recommended to another McDonald's in the group" "Yes, I would" What our participants said (Overall 9.5110 satisfaction rating) ' training team was incredibly supportive, and I learned so much about effective communication, handling different customer needs, and maintaining a positive attitude in every interaction. They really made the Learning experience engaging and gave me the information to confidently handLe various situations. '1 enjoyed the training as it improved my communication, problem-soLving, and customer handling sl<iLls. The interactive sessions and real-life scenarios boosted my confidence, while learning about company policies and service tools helped me assist customers more efficiently" '1 reaLly appreciated how Andrew (our instructor) focused on training us for a customer-centric role. His approach made it clear how to understand and address customer needs effectively, which will be valuable in real-worLd scenarios" 'On learning--- Yes, before now I believed verbal communication was the most important in communication but yesterday, I learned non-verbal communication is more essential in communication" "Yes, I've learned a lot from the training. It has helped me develop a deeper understanding of customer-centric approaches, etfective communication sl<ills, and problem-solving techniques. l also gained practical insights into handling customer interactions more efficiently" 14
'1 learned a lot of things from the training the Iiey takeaways are usualLyfocused on communication, empathy, problem-solving, and maintaining professionalism. Youth Service The Youth Service delivered the followingthroughout the year: 5 people achieved paid employment 13 people progressed to education and training 19 referrals to the service 12 Accredited Qualifications Duringthe yearthe Youth Service had: Educationallcareers talks f rom: Belfast Metropolitan College and SERC {local further education colleges), Connected Minds, Resurgam Trust, Tesco, Northern Ireland Fire and Rescue Service, PSNI, Lisburn Library, Coca Cola HBC, the young people also attended Belfast and Lisburn Job Fairs WorkTasters: work experience from Little Wing Pizza, Sonas, Tesco, EE, MB Chicken Advice and Guidance: Talks from Citizens Advice Bureau (Benefits and EntitLements), Links CounseLling (Mental Health), HYPE (RelationshipslPersonaL Safety/LGBTQ+l, Relate Nl (Relationship and Sexuality Education}, Caroline McGrath-Southeastern Trust ITal<e 5 Mental Health, Chi-me) Invisible Traffik (Awareness of Human Trafficking and Exploitation) EducationlTraining Providers for progression: Belfast Met, SERC, YMCA Participation with an LGBTQ+ support group. Cara Friend Personal Development- Mind Out Programme- Promotingthe Social and Emotionalwellbeing of Young People, Money Matters Programme, Bells Lane Horticultural Programme with LCCC, Compost Workshop LCCC, Belfast City HalL (Local history tour), Archaeological Dig with Queens University Belfast Accredited Training including Mental Health FirstAid 15
Activities/Trips-The Youth Service took part in the annual Lord Mayors Parade in Lisburn, attended the annual Balmoral Show, visited The Ulster and Ulster Transport Museums. The Youth Service also took part in an outreach programme with R-space Gallery, in partnership with the Halifax Foundation Nl. As part of this initiative, a local artist delivered a series of art workshops, giving ouryoung peopLe the opportunity to create their own pieces of artwork-which were later exhibited at R-space Gallery. This was a fantastic experience that allowed participants to express their creativity9 develop new sl<ilLs, and showcase their individual artistic talents. We held a coffee morning to welcome the Mayor of Lisburn, Councillor Kurtis Dickson, to introduce our Youth Service and outline the range of programmes and initiatives we deliver. The meeting offered a valuable opportunity to discuss our ongoing worl< in supporting and empoweringyoung people within the community. Following our coffee morning, we were delighted to be invited to the Mayor's Office at the Civic Centre for Lunch with the mayor and a tour of the impressive facilities. Itwas a wonderful opportunityto continue our discussions and strengthen our connection with the mayor's office. The Youth Service worked with Atlas Counselling Service, MACS- Supporting children and Young People, Linlcs Counselling Service, YMCA Lisburn, Resurgam Trust. Emerge Counselling Services and Lisburn City Council to provide opportunities for employability, horticulture experience and counselling support. 16
Training The training services at Stepping Stones Nl offers a comprehensive range of courses designed to support individuals with Learning disabiLities and Learning difficulties in achieving paid employment or meaningful placements. Tailored training is designed and delivered to address specific needs of the cLient and business partners. we equip participants with the sl<ills and confidence necessary to succeed in the workplace. Our courses cover a variety of essential topics, includingfood safety & allergens, health and safety, world host principles of customer service. These accredited qualifications not only enhance empLoyability but also provide participants with valuable knowledge and practical skills, build confidence and social skills. Additionally, we activeLy engage with community groups to deliver our training services, communitygroups thrive from the accredited and soft skills we deliver on both personal and professional basis. We delivered to 176 participants workingwith business partners though bespol<e academies and community groups throughout Northern Ireland, delivering 192 qualifications in total through Prosper. Accredited qualifications delivered included: Mental Health first aid Level 1 Emergency First aid Level 3 Paediatric First aid Level 3 Food Safety level 1 Food allergens level 2 Health and safety level 1 Fire safety level 1 Manual handling level 2 World Host Principles of customer care L2 Our soft skills focused on confidence building, communication and interview skills & money matters. Ourtraining team supported the achievement of 104 qualifications through Labour Marl<et Partnerships. Living Life Loving Life and ASDAN A programme of both soft and accredited is delivered on a weekly basis to our Learning disability participants through our Living Life Loving Life programme. Our outcomes for all sessions are directly linked to improving social skills, communication, employability and confidence through fun relevant activities and outings, as well as embedding practice of functional skills, literacy, math and ICT. The introduction of ASDAN quaLifications give participants the opportunity to gain accredited qualifications in everyday life topics such as, independent travel and basic money management. 17
Our Stepping Stones Nl FootballTeam Football is an extracurricular activitythat we offerwith a muLtitude of benefits forthe ten footbaLI enthusiasts. Beyond the physical aspects of the sport, it fosters essential life sl<ills such as teamwork, discipline, and perseverance. Engaging in football has significantly improved participant's mental health by providing a positive outlet for stress, boosting self-esteem, and a sense of belonging. The team has participated in locaLfootbaLI competitions George Best Cup in Northern Ireland and in doing so participants connected with peers, fostered friendships, learntvaLuable social skills and creating lasting memories. ¥0 18
Labour Market Partnerships Local Labour Marl<et Partnerships {LMPs} were established in each of the 11 Local Government Districts ILGDS) in Northern Ireland INI) to deveLop a range of new employability provisions that address the specific labour market needs and challenges of the local areas. The Department for Communities funds Local Labour Market Partnership ILMPI in each council area. Labour Market Partnerships develop programmes to help people find empLoyment and training opportunities in their local area. In the period between 15tApriL 2023 and 31, March 2024 we were successful in tendering for LMP'S in both Lisburn and Castlereagh City Council and Armagh, Banbridge and Craigavon Borough Council LMP. Lisburn and Castlereagh City Council Stepping Stones Nl was awarded the contract by Lisburn and Castlereagh City Council to deLiver its LMPS: MultlPLy SPARI<S programme that supporting 45 peopLe with disabilities to gain outcomes in relation to advancement of Learning of numeracythrough bootcamps Pathways to Employment for individuals with a Disability Programme Thrive 2 to support and connect 40 peopLe with disabilities / long-term health conditions with accredited qualifications, work placements and employment opportunities. SPARKS: How did we do? Outputs Target Actual Achieved Referrals 40 45 Completers 36 40 Gaining accredited OCN entry level numeracy 10 Satisfaction Rate- soft slcills, numeracy* employability and confidence 100¥0 Average 9.9 out of 10 satisfaction rating Thrive 2: How did we do? Outputs Target Achieved No of participants in paid employment Completers 29 Benefit 25 Participants No of participants Recruited Satisfaction Rate Evaluations 25 40 1000/0 100 % 10110 satisfaction Gained qualifications 17 37 19
Armagh Banbridge and Craigavon Borough Council LMP Outcomes Stepping Stones Nl was awarded the contract to deliver its Disability Employment Programme to support local people with a disability and heaLth outcomes into employment. Through the programme and we successfully made difference in employability and skills outcomes through its training provision and employment support, worl<ingwith a range of employers. Stepping Stones Nl supported 56 people with disabilities into employment in sectors including retail, hospitality, catering, construction, warehousing, education, domestic services, despatch and facilities working in partnership with local employers. Outputs Target Actual No of participants in paid employment Completers 23140 26 40 40 Benefit 54 Participants No of participants Recruited Satisfaction Rate 50 56 100% 100% 10110 satisfaction Evaluations Gained qualifications 35 55 This is what our participants said about the LMP programmes. "Stepping Stones Nl helped me to get my CV ready and I was able to apply forjobs. l am really pleased to have got a job nowwith the trust doingwhat I do best. l am very grateful forthe Labour Market programme and support from Steppingstones Nl. '1 have never had a CV before so havingthat for the first time has really benefited me in being able to see for myself what all I have achieved. l am also very grateful forthe accredited training and support I have received. l am so happy to be in employment. 20
Social Enterprise At the year-end 79 people with a learning disabilitywere engaging and participating in trainingthrough Social Enterprise activity in: Pink Elephant Cards The Courtyard Cafe Lisburn 2nd Avenue Cafe Lisburn Stepping Stones Picture Framing Lisburn The Gatelodge Café Newtownards Navigation House Oursocial Enterprises provide the working environment for people with learning disabilities to learn and develop employability skills in a realistic commercial environment potentially Leading to a paid job or experiencingthe world of worlc in the future. All income generated from our social enterprises is reinvested back into the organisation to support service deliveryfor people who access our services. Our Day Opportunities Contract with South- Eastern Health and Social Care Trust supports the activities for people with a learning disability across all our social enterprises to promote training and employment. Pink Elephant Cards This social enterprise produces a bespol<e range of handcrafted wedding stationery and greeting cards and craft projects for people with a learning disability. Picture Framing As a member of the Fine Art Trade Guild our team provided a high-quaLityframing service offering a wide range of frames and mounts. Our cafes and catering: The Courtyard Café, 2nd Avenue Café and The Gatelodge continued to trade and provide hospitality skills training for people with a learning disability. Lisburn Civic Centre: Duringthe year our cateringteam continued to provide catering provision at Lisburn Civic Centre at Lisburn City Council offices in Lisburn, whilst at the same time providingtraining and skills development for people with disabilities through employment. 21
Navigation House At Navigation House we introduced programmes and activities that enriched the lives of people who are Neurodiverse and those with a learning disability. Key activities during the year were as follows: We developed a horticultural social enterprise activity focusing on the growing of organic and pesticide free produce herbs, edible flowers, fruit and vegetables involving people with a range of disabilities from the Lisburn and Castlereagh area. With the addition of a Garden Shop selling baskets and containers of seasonal flowers and plants, grown by the trainees Two"Grow your own Roses" workshops GROW YOUR OWN ROSE5 24 External event bookings and 4Workshops included overworkshops and external hire events across several public, council and charity organisations. Christmas 2024 events Quality StandardsDuringthe year we successfully achieved revision of the BSI ISO: 9001.2015 in July 2024 22
SECTION 6: Structure, Governance and Management Structure Stepping Stones Nl is a company Limited by guarantee with charitable status, incorporated in 1996 and commenced delivering services for people with learning disabilities in Jan 1998. Stepping Stones Nl has capacity for a Board of 10 Trustees as per Articles of Association who meet 6 times a year and are responsible for settingthe strategic direction and the policies in which the organisation is governed. There organisation has two sub committees of the board a Finance Audit and Ris1< Committee (FAR} and a Human Resource Governance and Nominations Committee IHRGN). The Trustees serving from 1" April 2024- 31 March 2025 were as follows: 1. Michael Drayne {HRGN Committee} 2. Michael Scott ( Chair ) 3. Cormac O Donnell 4. Sarah Johnston 5. ShirLeyAnn SmyLie 6. Lisa Beers 7. Jenna Gardiner Company Secretary A scheme of matters reserved forthe Board is in place and the day-to-day responsibility for the implementation of the strategy and the provision of services is that of the Chief Officer Paula Jennings. The Chief Officerworks alongside the Senior Team which has operational, service delivery, marketing and finance responsibilities. The Trustees manage the business of the company unless they are subject to any restrictions imposed by the Companies Act, the articles or any special resolution. Trustees of the Board should include at Least one memberwho is a parent or carer of a person with a learning disability or a learning difficulty. Stepping Stones Nl Chief Officer is Paula Jennings who has the sole responsibility of leading and implementingthe strategies set by the board of Trustees. 23
Recruitment of Trustees Board Recruitment and Appointment The recruitment of new board members helps to strengthen the corporate governance of the organisation. Stepping Stones Nl conducts a sl<ilLs and experience analysis of the existing board prior to advertising or liaising in networks i.e. Institute of Directors IOD, Engage Executive Recruitment, business community, to ensure the desired skills and experience are required with a viewto attract suitable candidates to applywho meet the requirements of the board and ultimately govern the charity. Following an initiaL expression of interest submission and interviewthe suitability of candidates is assessed on how the candidate meets the criteria, what skills and influence they bring to the board and how their experience and attributes fit with the organisational culture and vision and what they hope to achieve in the role. Following meetingwith the Chair and Chief Officer a recommendation forthe appointment of new Trustees is placed at HRGN Committee. This Committee WILI malle the recommendation to the full board for approval and appointment as a Trustee of Stepping Stones Nl. The Office Bearers of the Company are appointed at the first meeting of the Board of Trustees after the annuaL general meeting. All new members are elected to the board at the AGM. A Trustee is on the Board fora period of3 yearswere upon such members must retire but may be eligible for re-election. Trustees shalL be eLected at the annual general meeting AGM by the members present. Trustee Induction and Training New Trustees undergo an induction to brief them on their role as a Trustee of the company. New Trustees are provided with information to brief them on their Legal obligations undercharityand company law i.e. the content of the Articles of Association, the strategy and recent set of end of year accounts. All New Trustees are formalLy inducted to the organisation with the Chief Officer with visits to all sites of the organisation Decision makingwithin Stepping Stones Nl The Board of Trustees comprises a- Chairperson and Trusteeswho bringa range of skills and experience appropriate to the requirements of the Board. They provide support to the Chief Officer and their purpose is to contribute to the effective governance of Stepping Stones Nl promoting the vision, mission, aims and objectives of the 24
organisation. The full board of Trustees meets bi monthly with sub group meetings and full board meetings. The Chief Officer provides a report to the Board of Trustees at each board meeting, with updates on key performance indicators of the organisation presented on a BaLanced Score Card format. This ensures that the Board of Trustees are fully informed of activities, performance, and achievements of the organisation. The chair of each subcommittee i.e FAR and HRGN reports to the board at each board meeting. AIL members of the Board of Trustees give up their time voluntarily and receive no financial or other benefits from the organisation. Risk Management The Finance Audit and Risk (FARI sub group review corporate risk and financial information with reporting back to the Board of Directors. The corporate risk register details low, medium and high risk in the following areas People, Operations and Financialwhich is continuously reviewed. Where appropriate mitigation steps are put in place to protect the organisation against risk. The organisation has implemented the ISO quality standard 9001.2015 during the reporting period and was awarded reaccreditation following audit inspection. 25
FINANCIAL INSTRUMENTS FINANCIAL REVIEW 202412025 FINANCIAL PERFORMANCE HIGHLIGHTS 2025 2024 7.9 % 2,253,774 2,074,894 46.6Yo 96,910 51,703 10,3 % 944,657 847,747 11.61 472,927 417,985 7.91Yo 1,617,836 1,490,317 io% 20% 3% Income increased by: Surplus increased significantly by: Reserves have strengthened by: Trading income rose by: Wages & salaries increased by: Spending on charitable activities up; Staff increased by: Cash reserves increased by: As always, we strive to obtain value for money in aLI our purchases while tryingto remain socially responsible. Consistentlywe are lookingfor savings, income generation and the tendering our services into the supply chain. We would Like to than1< who invested in us duringthe year: Councils (LMP and catering provision), Westminster IUKSPF), South Eastern Health and Social Care Trust ISETRUST), companies, employers and individuals who generously supported us during this reporting period providing the financial support we need to deliver our seNices and programmes. Thanl<you also to our staff team and volunteers who continuously go the extra mile and our customers who buy from our social business. Objectives and policies Stepping Stones Nl activities expose it to severaLfinancial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's poLicies approved by the board of Trustees, which provide written principles on the use of financial derivatives to manage these risl<s. The charity does not use derivative financial instruments for speculative purposes. Reserves Policy An extensive reserves base is essential forstepping Stones Nl to continue to manage risk and deliver its services and social enterprises. The Trustees of Stepping Stones Nl wish to continue to build a general level of reserves (excLuding tangible fixed assets) that has a target of six months of unrestricted expenditure. 26
Stepping Stones Nl needs to maintain this level of reserve forthe folLowing: Cash flow to ensure amounts due to creditors and fuLfilment of contracts and leases. Gaps and loss in funding provision OrganisationaLwind up and redundancy pay New development plans for service delivery in the future. Stepping Stones Nl reserves can be understood under the following areas.. Protected Funds: to sustains and support at least 6 months organisationaL costs. Designated Funds: to prepare for potential redundancy costs at the end of a funding cycle. Infrastructure Funds: to support the refurbishment and renewals of Stepping Stones Nl social enterprises and assets. Opportunity Funds: to expLore future opportunities and projects that benefit people with disabilities. Cashflow Core funding activities are secured untiL March 2026 through Shared Prosperity Fund. Stepping Stones Nl must ensure that adequate reserves are available to bridge any potential shortfall in funds and to alLow enough time for replacement or additional funds to be found. Legally, Stepping Stones Nl must be able to meet its debts as they fall due. Since restricted funds can only be used for the purpose forwhich they are given, Stepping Stones Nl must always ensure that it can support at any given time (from its reserves cash or otherwise) viable and contracted programmes shouLd it ever encounter difficulties. The cash reserves protected funds enables the organisation to meet its obLigations for six months if no funding becomes available. Steppingstones Nl must also ensure that it is able to respond to any cashflow problems as a result in delays from eitherfunders or debtors. Plans for future periods The implementation of the organisation's strategywiLI support the growth and development of the charity and as such enhance the lives of and create a better future for people with learning disabilities and learning difficulties. Steppingstones Nl wilLworkto ensure that we continuously have opportunities to ensure continuation of service provision and opportunities for people with disabilities and through with barriers to learning into the future. 27
Cash flow risk Stepping Stones Nl activities expose it primarilyto regular payments from funders. This is carefully managed and monitored bythe FAR committee. Credit risk Stepping Stones Nl principal financiaL assets are ban1< balances and cash, trade and other receivables, and investments. Stepping Stones Nl credit risk is primarily attributable to its trade receivables. Stepping Stones Nl has no significant concentration of credit risk, with exposure spread over many counterparties and customers. Liquidity risk To maintain liquidityto ensure that sufficient funds are available for ongoing operations and future developments. Disclosure of information to auditor Each trustee has taken steps that they ought to have taken as a Trustee in orderto make themselves aware of any relevant audit information and to establish that the Charity's auditor is aware of that information. The Trustees confirm thatthere is no relevant information that they know of and of which they l<now the auditor is unaware. Statement of Trustees Responsibilities The Trustees (who are the Directors of Stepping Stones Nl for the purposes of company law) are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom generally accepted Accounting Practice), including Financial Report Standard 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland. Company law requires the Trustees to prepare a financial statement for each financial year which give a true and fairview of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitabLe company forthat period. In preparingthose financial statements, the Trustees are required to: Select suitable accounting policies and the applythem consistently Observe the methods and principles in the Charity SORP Make judgements and estimates that are reasonabLe and prudent Prepare the financial statements on the going concern basis unless it is 28
inappropriate to presume that the charitable companywiLI continue in business. The Trustees are responsible for l<eeping proper accounting records which disclose with reasonable accuracy at any time the financiaL position of the charitable company and to enable them to ensure that the financial statement complywith the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence fortaking reasonable steps forthe prevention and detection of fraud and other irregularities. Valuing ourvolunteers and donations. Stepping Stones Nl values, the contribution that our volunteers bringto the organisation and the donations that we receive each year. We are grateful and thank them fortheir supportwhich allow us to fulfil our charity objectives. Awards received during the period Chief Officer Paula Jennings Leader of the Year at Social Enterprise Awards Nl and Highly commended at the Social Enterprise Ul< Awards 29
STEPPING STONES NI FINANCIAL STATEMEI NTS FOR THE YEAR ENDED 31ST MARCH 2025 STATEMEI NT OF DIRECTORS RESPONSIBILITIEI S Tlie dii'ectoi's are i'esponsible for pi'eparing the Directors, Report and the financial statements in accordance with applicable law and regulations. Coinpany Law I'equires the dii'ectoi's to pi'epare financial statements foi. each financial year. Tlie Ti'ustees, who al'e also dii'ectoi's for the pui'poses of coinpany law, present theii. report and the financial statements of the cliai'ity foi. the year ended 3 1st March 2025. Tlie Trustees confii'm tliat tliey comply with tlie requirements of tlie Chai'ities Act (Northern Ii'eland) 2008 and Accounting and Reporting by Cliai'ities: Statement of Recommended Practice which applies to chai'ities pi'epariiig theii. accounts in accoi'dance with the Financial Reporting Standard applicable iii the UK and Republic of Ireland (FRS 102) (effective l Januaiy 2015). Under coinpany law tlie directors miist not appi'ove the financial statements unless tliey are satisfied that tliey give a trLie and fair view of tlie state of affairs of the company and of the sui'plus or deficit of the coinpany foi. that pei'iod. In preparing tliose financial stateinents, the directors are requii'ed to: select suitable accounting policies and tlien apply them consistently. make judgements and estimates tliat are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappi'opriate to presuine tliat tlie company will continue in business. The directors are responsible for keeping adequate accounting i'ecords tliat are sufficient to sliow and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with tlie Coinpanies 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 tlie company's auditoi. is unaware; and the directoi's Iiave taken all steps that they ought to have taken to malce tliemselves aware of any relevant audit information and to establish tliat the auditor is aware of that information. By order of the board: MICHA L SCOTT DIRECTOR SHIRLEY AN DIRECTOR SMYLIE DATE 4tli Decernber 2025 DATE 4th December 2025 Page 30
STEPPING STONES NI FINANCIAL STATEMENTS FOR THI Y[4 AR ENDED 31ST MARCH 2025 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Opinion We have audited the financial statements of Stepping Stones Nl (the 'charity') for the yeai. ended i l March 2025 which compi'ise the Stateinent of Financial Activities, the Balance Sheet, the Stateinent of Cash Flows and the notes to the financial statement5, including a suminai'y of significant accounting policies. The financial reporting fi'ainewoi'k that has been applied in theii- prepai-ation is appl icable law and United Kingdoin Accounting Standai'ds, including Financial Repoiling Standai'd 102 Tliefiiiancial Re])oi'ling Siandai'd applicable in tlle UK apid Repiiblic ofli'ela17d {United Kingdom Genei'ally Accepted Accounting Practice). n oui. opinion, the financial slateiments.. give a true and fair view of the state of the chai'itable coimpany's affaii's as at J l March 2025 and of its incoming resoui'ces and application of resoui'ces, including its incoine and expenditure for the year then ended. have been properly pi'epared in accordance with the Financial Reporting Standai'd applicable in the UK and Republic of li'eland (FRS 102) (effective l Janauary 2015) - (Chai'ities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ii'eland (FRS 102). have been prepared in accoi-dance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standai'ds on Auditing (UK) (ISAS (UK)) and applicable law. Our i'esponsibilities undei. those standai'ds are further described in the Auditor's responsibilities for the audit of the account5 section of oui. report. We al'e independent of the charity in accordance with the ethical requirements that are relevant to oui. audit of the accounts in the UK, including the FRC'S Ethical Standai'd, and we have fulfilled our other ethical responsibilities in accoi'dance with tliese i'equii'einents. 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 repoit in respect of the following mattel's in relation to which the ISAS (UK) require us to repoit to you where: the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appi'opriate. or the trustees have not disclosed in the financial stateinents any identified material unceitainties 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 ai'¢ authoi'ised for issue. Other information The other information compi'ises the information included in the annual report, other than the financial statements and our auditor's report thereon. Th¢ trustees are responsible for the othei. information. Our opinion on the financial staternents do¢s not cover the othei. infoi'mation and, except to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. In connection with oui. audit of the financial statements. our responsibility is to read the othei. infoiThation and, in doing so, consider whethei. the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appeal's to be materially misstated. If we identify such material inconsistencies or appai'ent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material rnisstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement ofthis other infonnation, we are required to report that fact. We have nothing to report in this regard. Page31
STEPPING STONES NI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS, Matters on ivhich we are required to report by exception In the light of the knowledge and understandints of the Trustees and ils environment obtained in the ¢ouise of the audit, we have not identified Inaterial Inisslaleinents in the Trustees, Report. We have nothing to report in respect of the followin(v Inatters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: sufficient accounting recoi'ds have not been kept. or the financial stateinents are not in aai'eernent with the accounting i'ecords; or ceitain disclosui'es of trustees, reiniinei'ation specified by law are not Inade; or we have not I'eceived all the inforimation and explanations we require for our audit. Responsibilities of trustees As explaiiied Inore fully in the Stateinent of Trustees, Responsibilities, the trustees, who are also the directors of the charity for the pui'pose of company law, al'e responsible for the pi'eparation of the financial stateinents and for being satisfied that they give a true and fail- view, and for such internal control as the directoiB delei'inine is necessary to enable the preparation of financial statements that al'e fi'ee fi-oin Inaterial Inisstateinent, whether due to fi'aud or eiTOr. Ii) pi'eparing the financial stateinents, the kn'ustees are I'espoiisible for assessing tlie charity's ability to continue as a going coiicern, disclosin(r as applicable. Inattei's i-elated to gointy concern and using the going conceim basis of accounting unless the trustees either intend to liquidate the coinpany or to cease operatlons, oi- have no realistic altemative but to do so. Auditor's responsibilitie5 for the audit of the financial statements Oiir objectives are to obtain reasonable assui'ance about whethei. the financial statements as a whole are free froin material Imisslaleinenl, wlietlier due to fi'aud or ei'i'or, and to issiie an auditor's i'epoit Ilial includes our opinion. Reasonable assurance is a hioh level of assurance, but is not a guarantee tlial an audit conducted in accordance wilh ISAS (UIC) will always detect a Inaterial Ini5Stateinent when it exists. Misstateinents can arise fi'om fraud oi. en'or and are considered Inaterial if, individually or in the a(Fnregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stateiments. Irregularities, includinly fi'aud, are instances of non-coinpliance with laws and regulations. We design procedures in line witli our I'esponsibililies, outlined above, to detect Imatei'ial misstaleiments in i'espect of iri'egulai'ilies, including fraud. The extent to which our pi'ocedures al'e capable of detecting irregularities, including fi'aud, is detailed below. Explanation as to ivhat extent the audit wa5 considered capable of detecting irregularities, including fraud The objectives of our audit in respect of fraud, are to identify and assess the risks of material misstateinent of the financial stateinents due to fi'aud; to obtain sufficient appropriate audit evidence regai'ding the assessed risks of Inaterial inisstateinent due to fraud, through designing and iinpleinentinu appi'opi'iate responses to those assessed risks. and to respond appropi-iately to instances of fi'aud or suspected fraud identified dui'in(r the audit. However, Ilie priinary responsibility for the prevention and detection of fraud rests with both tnanageinent and those chartFed with governance of the Chai'ity. Our approach was as follows.. We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most significant are the Coinpanies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effective l Janaury 2015) - (Charities SORP (FRS 102). Enquiry of Inanageinent, those charued with governance and the entity's solicitors around actual and potential litigation and claiins. Enquiry of entity staff in compliance fitnctions to identify any instances of any non-coinpliance with laws and regulations. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Page 32
STEPPING STONES NI FINANCIAL sTATEIENTs FOR THE YEAR ENDED 31ST fvIARCH 2025 REPORT OF THE INDEPEIYDENT AUDITOR TO THE TrIEIWIBERS' Auditing the risL of management ovei'ridc ofconlixils. including thiough testing journal enti'ies and otlier adjuslm¢nts for appropi'iateness. and evaluating the business rationale of significant transactions outsidc the noi'mal course of business. As pait of an audit in a¢¥oi'dancc witli ISAS (UK) Ive cxcrcise pi'ofessional judgeinent and maintain pi'ofessional scepticism Ihi'oughoiit the audit. We also.. Identity and asse55 tl)e risks ot n)aterial misslalement of the tinancial slaleinenls. whether duc to traud or eriDr. design and perfoi'm audil PIDcedui'es I'esponsive lo those risks, and obtain audit evidence that IS Sutficienl and appropriate to pi'ovide a basis foi. our opinion. The I'isk ot not detecting a material misstateinent resulting Irom traud is higl)ei' tl)an foi. one resulting fiotn ei'i'oi.. as fi'aud may involve collusion, foi'g¢i'y. intentional omissions, misrepirsentations. 01- the override of internal conirol. Obtain an undei'slanding ot intei'nal control I'elevant to thc audit in oi'dei. to design audit procedures that are appiopi'iatc in the cii'cumstanccs, bul not for the pui'poscs of expi'essing an opinion on the elfecliveness of the ¢ompany's internal control. Evaluate the appropi'iateness ot accounting policies used and the reasonablenes5 of accounting estiinates and relalcd disclosuiEs made bv the dii'ecloi's. Conclude on the appropi'iateness ot tlic dii'ectors, use of thc going Loncem basis ot accounting and. based on the audit evidencc obtained. Ivlietliei. a matci'ial uncertaintv eiists related lo events oi. conditions that may cast signiticant doubt on Ilie cliai'itv's ability lo continue as a going concern. If we conclude tliat a material unceitainty exists, Ive arc required to draiv attcntion in our auditorfs report to the related disclosui'es in the financial stateinents oi.. if such disclosures al'e inadequatc. to modify our opinion. Oui. contylusions al'e based on the audit evidence obtained up to oui. audilols report. Hoivever, fului'e events or Londilions may causc the chai'ity lo cease to continue as a going conLern. Evaluate the overall pi'c5cntalion. structui'e and content ofihe financial statements, including tl)e disclosures. and Ivliethei. the finanLial staleinenls repi'esent thc undei'lying Ii'ansactions and events in a mannei. that achieves fail. Pl'e5enlalion. A fui'iliei. d¢scription ofoui. I'esponsibilities for the audit ot the tinanci<il slat¢m¢nts is located on the Financial Reporting Council's ivebsite at: http.'/lwiviv.frc.oig.uklaudilot%i'esponsibilities. This desci'iption foiins part of our auditoi s report. We communicate with those charged ivith govei'nance regarding. among other malleis, th¢ planned scope and liming of the audit and signiticant Iinding5, including any significant deficiencies in intcmal control that we identify during our audit. Use of our report This I'eport is made solely to the charitable company's membei's. as a body. in accordanLe with Chapter 3 of Part 16 of the Companie5 Avl 2006 and I'cgulalions made under that Acl. Oui. audit ivoi'L has been undertaken so that we might slate to the cl)ai'itable Lompany's meinbei's those maltei's we are I'equiird lo state to tlietn in an auditors, repoit and foi. no oihei. purpose. To thc fullest extent pertnitted by laiv. we do not accept or assume responsibility lo anyone other than the chai'ilable ¢ompany and its membei's as a body. r our audit ivoi'k, foi. this I'epoit. or for the opinions we have foi'med. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF ofi O'HARA SHEARCR, Statutory Auditor O'HAtL4 SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Bclfasl BTII 9AB Dated: 4th Decembcr 2025 Page 33
STEPPING STONES NI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting The financial statements have been prepared under the historical cost convention, Tlie financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recominended Practice applicable to chai'ities preparing their accounts in accoi-dance witli tlie Financial Repoiting Standard wliich applies in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Cliai'ities SORP (FRS 102)), the Financial Repoiting Standard applicable in tlie UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Going Concern At the tiine of approving the financial statements, tlie trustees, have a reasonable expectation that tlie chai'ity has adequate resources to continue in operational existence for tlie foreseeable future. Thus the trustees, continue to adopt the going concern basis of accoiinting in preparing tlie financial statements. Income Recognition Income is recognised wlieii tlie Charity lias entitleinent to the funds, any perfoi'mance conditions attaclied to the item(s) of incoine have been met, it is probable that the income will be received and the amount can be measured reliably. Interest Receivable Interest on fiinds held is incliided wlien receivable and the amount can be measiired reliably; this is norinally upon notification of tlie interest paid or payable by tlie Bank. Resources Expended All expenditure is accounted for on an acci'iials basis and is classified under lieadings that aggregate all costs i'elated to the category. Fundraising costs inclLide the costs of advertising, producing publications, pi'inting and mailing fLindraising material, and staff costs in these areas. Costs of charitable activities include direct expenditure incurred through operational activities. Govei'nance costs represent the costs associated with tlie governance arrangements of the cliarity wliicli relate to the general running of the charity as opposed to those costs associated with fundraising or cliaritable activity. Fixed Assets All tangible fixed assets are recorded at cost. Page 34
STEPPING STONES NI FINANCIAL STATEMENTS FOR THE YEI AR ENDED 31ST MARCH 2025 STATEMENT OF ACCOUNTING POLICIES Conlinued Depreciation Depreciation is calculated to write off tlie cost of fixed assets ovei. their estiinated useful lives at the following rates: Fi'eehold Propeity Impi'ovements to propeity Fixtures and fittings Computer equipment 20/0 Straight line l O % straight line 200/0 Sti'aight line 25 % sti'aight line Investments Unlisted equity investinents are initially recoi'ded at cost, and subsequently measured at fail. value. If fail. value cannot be reliably measiired, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fail. value being recognised in income or expenditure. Repairs and Reneivals All repairs and renewals are wi'itten off as incurred Pension Costs The cliai'ity does currently operate a defined conribution pension scheme. Debtors and Prepayments Ti'ade debtors and otSiei' debtors are recognised at the settlement ainount diie aftei. any discount offei'ed. Pi'epayments are valued at the ainoiint prepaid net of any trade discounts due. Creditors and Provisions Creditors and provisions are recognised wliere tlie chai'ity lias a present obligation resulting from a past event that will probably i'esult in tlie ti'ansfer of funds to a thii'd pai'ty and tlie amount due to settle the obligation can be measured oi. estimated reliably. Creditors and provisions al'e noi'inally recognised at their settlement amount after allowing foi. any trade discounts due. Financial Instruments The Chai'ity 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 subseqiiently measured at theii. settleinent vallie 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 foi'eign currencies are translated into stei'ling at the rate of exchange ruling at the date of the transaction. Exchange differences al'e taken into account in arriving at the net movement in funds. Page 35
STEPPING STONES NI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT OF ACCOUNTING POLICIES Coiiliiiiied Fund Accounting Unrestricted fiinds are general funds that are available foi. use at tlie Trustees, discretion in furtherance of the charitable objectives of the cl)ai'ity unless the funds Iiave been designated for otlier purposes. Designated funds al'e unrestricted funds set aside by the ti'ustees out of unreslricted funds for specific futLire purposes. Resti'icted fuiids are tliose given for use in a particular area or foi. specific puiposes, the Lise of which is restricted to tliat area or purpose. Endownineiit funds are siibject to specific conditions by donoi's that the capital must be maintained by the cliai'ity. The incoine received from funders depends on the charity meeting detailed criteria on expenses plans. Grants given undei. sucli conditions are also given siibject to tliem beii)g obtained for in connection with tlie furtlierance of tlie charity's aiins and objectives. Siicli incoine cali be repayable to tlie fundei. if sucli expeiises plaiis and ci'itei'ia are not inet. Sucli incoine is only deferi'ed wheii tlie donor specifies tliat tlie granvdonation must oiily be Lised iii futLiIE accounting periods. or tlie doiior has imposed conditions wliicli must be Inet befoi'e tlie chai'ity lias uiiconditioiial entitleinent. Incoine fi'oin cliaritable activities includes income received under contract oi. wliei'e entitlemeiit to grant funding is subject to specifie pei'formance conditions is recognised as earned as the related goods/services are provided. Grant income inclLided in tliis categoiy pi'ovides funding to suppoit pei'fom]ance activities and is recognised whei'e thei'e is entitleinent, certainty of receipt and the amount can be imeasured with sufficient reliability. Incoine is defeii'ed when.. feeslperforinance related graiits are received in advance of the performance/event to which tliey relate. Reserves Policy Stepping Stones Nl reserves policy is to maintain a sufficient level of reserves to enable operating activities to be maintained for a period of at least 3 to 6 montlis in the event of majoi. funding streains eiidiiig. Tlie reserves policy also takes account of coveriiig costs in the event of closui'e, to cover irdiindancies, rents, and fees that are due including statutory audit fees. It also takes accolint of potential risks aiid contingencies that may arise fi'om time to time. Stepping Stones NI maintain unrestricted reseives if acciiied should be used for the purposes whicli meet the aiins and objectives of Stepping Stones Nl. Tlie board should monitoi- and review the amount of unrestricted reseives montlily in addition to tlie level of any resti'icted reserves. Pag¢ 36
STEPPIIYG STOINC4 S Nl STATEINIENT OF FlIYIKNCI,IL trlCTIVITIES or.lti I tlie 'iNd e 4OR THE I'EAR ENI DCD JIST NI IARCH 2025 ¢rtdilui'¢ aeeourtt Ilni'estrieted Rtsti'ieted Ci ndoivnm¢nt Funds Fundy TOT.4L 2025 TOTAL 2024 NOTES IINCOINIE AND ENDOWNITrlENTS FRONI: Donations and legacies Iiicome from iiivesimenis Incoiiie froin cliaritable activities InLonie froiii oihei trading acliviiies 12,752 15,431 485,262 489.585 12,752 14,975 15,431 9,872 1,721,006 1,575,312 504.585 474.735 1.235,744 15,000 TOTAL IiJcofIE AYD ENDOII'NI Il.IE4 IYTS 1,003,030 1,250,744 2,253,774 2,074,111)4 EXPENDITIIRC ON: Expenditiire on illising funds Expeiidituie oil cliariiable activities Otl)er expendittire Net 8tJinslllossesl on investtnents 155.208 681.659 155,208 166,762 2,001,656 1.856,429 1.319,997 TOTAL RESOIIRCES EXPENDED 836,867 1.319.997 2,156,864 2,023.191 NEI T INCONIC4 IIE,NPEIYDITIIRI) 166,163 169,253) 96,910 SI,703 Transfers betiveen funds NET .[ovEI IEI NT IYI FIINDS 166,163 169,253} 96,910 51,703 RECONCILIATIOIN OF f4ilNDS TOTAL FIINDS BROIIGHT foRIVARD 707,963 139,784 847,747 796,044 Prior year adjusinient TOTIIL FlINDS CARRICI D f4ORIVARD 874,126 711,531 944,657 847,747 The Staternent of fin4?nciAI Activities inclu(le5 #11 g#inb and 1o55es in tlie yei)r therefurt a Sldltemcnl of Totil Recuuwrt15ed G4irts Lobses h:Is rtot b¢tn prepai'td All of the abovt amounts relate to eontinuing activities The o¢counting poli¢ie$ the Jkoies form ptsrt of ihese fi&¢11 $lt¢mtnis Pyge 37
STEPPING STONES NI BALANCE SHEET AS AT 31ST MARCH 2025 2025 2024 NOTES FIXED ASSETS Tangible assets Investments 323,759 342,933 10 323,759 342,933 CURRENT ASSETS Stocks Debtoi's and prepayments Cash at bank Casli in hand 12,125 193,344 709,701 3,459 918,629 11,424 79,028 690,882 1,074 782,408 12 Creditors: amounts falling due within one year 13 (144,607) (98,948) NET CURRENT ASSETSI(LIABILITIES) 774,022 683,460 TOTAL ASSETS LESS CURRENT ASSETSI{ LIABILITIES ) 1,097,781 1,026,393 Creditors: amounts falling due after more than one year l4 (153,124) (178,646) NET ASSETSI(LIABILITIES) 944,657 847,747 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 15116117118119120 874,126 707,963 RESTRICTED INCOME FUNDS 15116117118/19120 70,531 139,784 944,657 847,747 APPROVED ON BEHALF OF THE BOARD OF DIRECTORS . MICHAEL S DIRECTOR OTT SHIRLEY ANN S DIRECTOR YLIE DATE 4th Deceinber 2025 DATE 4th DeceInber 2025 The aceompllnying ac£ouNting poli£ies and notes form pirt of these financial statements Page 38
STEPPINC STONES NI STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 NOTES CASHFLOWS FROM OPERATING ACTIVITIES Casli genei'ated from operations 16 38,156 168,666 Net cash inflowl(outflow) from operating activities 38,156 168,666 Investing activities Investment incoine Pui'chase of tangible fixed assets Acquisition of investments Amoiints owed between funds Disposal of investments Disposal of tangible fixed assets (17,212) (11,590) io 260 Net cash from investing activities (16,952) (11,590) Increasel(decrease) in cash and cash equivalents in the year 21,204 157,076 Cash and cash equivalents at the beginning of the year 691,956 534,880 Cash and cash equivalents at the end of the year li 713,160 691,956 Relating to.. Cash at banli and in hand 11 713,J60 691,956 The AccompallyiThg accounting policies and nutes form pai't of these finalneilll stteMentS Page 39
STEPPING STONES N NOTES TO THE FIIYANI CIJIL ST,ITEJllENTS FOR I'HF. YEAR ENDED 31ST II 1.4RCH 202$ I. DONATIONS ANI D LEGACIES UTrreslrictod FuThd5 Unre5trlcte Re51Ticied Fun(l$ Fthnds 2025 2024 DonBlions LeCleS 12,752 14.975 14.975 1?.752 14.975 14.975 2. INCO1£ FROTr¥l IN'ESTL IENTS Unrestricted Fund5 Unrc5tritie Fu*(ly Re5ti'ielod 2025 2024 Income Iroiii UK Iisied invesinieiiis Income ITOlii casli 9.87? 9,872 9.872 J. INC0IE FRof41 CHARITABLE ACTIVITIES unir51ricie Fun(Is Re5trlcled Fwn(Is Unrcsti'ictcd Reslrlcte Funds 2025 2024 Souili EIer17 Health aiid Socid Care Trust UK Sliar¢d Prosperity Fund Bally MioniJs Charitable Fund The Rank Foiiiidaiioii Lisbiirii aiid Ca511¢r¢a¥TlI City Council AmiabTlI. BlbridTe and CY2iBavon Couiicil Capital Graiii Released Sundry iiicoiiie 322.817 32?817 1,155,000 10,000 302,789 302,789 1.100,000 1,155,000 10,000 1,100,000 152,835 9,460 15.000 167,835 9,460 26,920 104,033 25,522 ?6,920 104.033 25.522 16,048 25,522 16,048 L¢ss". Deferred ltt¢oiii¢ (See Noie 12) 485.76? .235,744 1.7?1.(K16 318.837 .256.475 1,575.312 4. INCOIWIE rftofvi urHER TRADING Acfii'ITIIS Unresirietcll F1)dS Rt%trittod Urtresiritied Fund. Rosti'ictod 2025 2024 TradiiiLp Income Fundraising 47?,927 3.653 4.080 8,9?5 47?.927 18,653 4.080 8.925 417.985 27,375 3.458 5,956 417.985 47,330 3,458 5.956 15.000 19.901 489.585 15,000 504.585 454.774 19,961 474.735 P88¢ 40
.STEPPING STONES NI NOTES TO THL FINklNClIKL STATEIIIEINTS FOR THE YEAR ENDEDJIST PwlARCH 2025 5. EXPENDITURE ON 114ISINC FUiYDS UDrestrleted Restrieie Fuiids UJire51rictcd Rt5trieted Fund5 Fund5 202S 20Z4 Dlreot ¢xpendilure ISS,208 155.208 165,501 1,261 166,762 6. EXPENDITURE ON CHARITABLE ACTivrriES UNrc5tricted Restrlcted Furtds Unr¢$trict¢d R¢stricled Funds 2025 2024 Direct expeiiditure 609,422 1,199,687 1.809,109 S42,687 1,098,697 1,641,J84 Support Costs aiid GovernAnce costs 72,237 120,310 192,547 124,898 90,147 215,045 TOTAL EXPEINDITURE ON CHARITABLE ACTivfTIES 681,6S9 1,J19,997 2.001,656 667,58S 1,188,844 1,856,429 7. NET GAIN'SIILOSSES} ON IYVESTINIEi¥rs Net {gainsylosse5 on invesimenis Pa8e41
STEPPING STONES NI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after charging/(crediting) 2025 2024 Auditors remunei'ation Depi'eciation 3,996 36,386 4,062 42,510 8. SALARY COSTS AND EMOLUMENTS 2025 2024 Total staff costs were as fol lows: Wages and salaries - key management personnel Wages and salaries - other staff Einployei. social secLlI'ity costs - key management personnel Employei. social secui'ity costs - other staff Employei. social secui'ity costs - SMP & SPP Recoverable Employei. social security costs - Einployment Allowance 245,102 232,934 1,143,731 1,056,414 61,874 56,500 167,129 150,470 (6,001) 1,617,836 1,490,317 Tlie average monthly numbei. of employees dLlI'ing the year was as follows: 2025 Number 2024 Number 87 105 Trustees, remuneration and benefits Thei'e was no ti'ustees, remuneration or other benefits for tlie year ended 31 st March 2025. (2024: £Nil) Trustees, Expenses There wei'e no trustees, expenses paid for the year ended 31 st March 2025. (2024: £Nil) Page 42
STEPPING STONES NI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 9. TANGIBLE FIXED ASSETS Freehold Improveinents Fixtures & Computer Property to Property Fittings Equipment Total COST As at 1st April 2024 563,028 42,335 190,470 60,006 855,839 Additions Disposals 8,113 9,099 17,212 As at 31 st March 2025 563,028 42,335 198,583 69,105 873,051 DEPRECIATION As at 1st April 2024 285,407 17,679 157,455 52,365 512,906 Cliarge for year Eliminated on disposal 11,261 4,233 14,725 6,167 36,386 As at 31 st March 2025 296,668 21,912 172,180 58,532 549,292 Net book value 2025 266,360 20,423 26,403 10,573 323,759 Net book value 2024 277,621 24,656 33,015 7,641 342,933 11. CASH AT BANK 2025 2024 Danske Bank - Current Accounts Danske Bank - Investment Accounts 95,370 614,33l 126,784 564,098 709,701 690,882 Page 43
STEPPING STONES NI NOTES TO THF. FINI .4IN CIAL STATETrI ILYI TS FOR TFIE YEAR ENDED 31ST lARcH 2U25 12. DEBTORS: ATrI IOIINTS FALLING DLIE WITHIIN ONE YEAR 202S 2024 Trade debtors Other debtors Prepayments 199,556 57.684 14.191 7.153 16.212) 193.344 79.028 13. CREDITORS: AI¥IOLINTS FALLING DIIE IVITTrllIY ONE YEAR 202S 2024 Bank loans and overdrafts Nole 17) Trade creditois Value Added Tax Social security costs and oilier iayes Oilier creditors Deterred incoine Siindry creditors and aC¢Tiied expenses 54,299 34,093 90.308 64,855 144,607 98,948 14. CREDITORS: A11011NTs FALLING DIIE AFTER IllORE THAN ONI E YEAR 2025 2024 Baiik loans D¢f¢rred capittLI fiindiiig 153.12di 178,646 153,124 178.646 IS. ANALYSIS or NET ASSETS BETWEIEN FIINDS Tangible Debiots nd Investments Pi¢payn)enis Casli ai Baiik and Creditors aiid Accrua15 Traiisfers beiiveen Fuiids Assets 2025 2024 Uiirestricted Funds 323,759 205,469 489,505 (144,6071 874,126 707.963 Resiricied Funds 223,655 1153,1241 70.531 139,784 Toial Funds 323.759 205,469 713,160 1297.7311 944,657 847,747 16. RECONCILIATION OTr 01)ERATINI G PROFIT TO NI ET CASH FLOIV fROTrI l OPERATING ACTIVITIES fiROfvI OVERATIING ACTIVITIES 2025 2024 Operating Surplus/lDeficitl for the year Depreciation Movenienl in stocks Movement tn debtors Movement in crediloT5 IGainllLoss on investment5 IProfiiyLoss oli disposal of Fixed Assets 96,910 36,386 17011 51,703 42,510 18431 116,698 141,4021 20.137 12601 Nel cash inflowlloutfloivl fi'om operatLllE Jlctivitlts 38,1.56 168,666 Pw44
TEPPIYG STONES IYI NOTES TO THE F IIN.4INCIAL STIITENI IEINTS FOR TTrIE I'EAR EIJDLD 31ST fl.4RCH 2025 17. fvIOVETrI IEYI T IN fuNDS Net lloveinent in Fuiids 2025 Opening BAlaJice Tr4I115fcr5 betsi'een Funds Prior yer Adjustment Income Expenditure 2025 2024 unstriCted Funds 707,963 1,003,030 1836,8671 166,163 874,126 707.963 Restrict¢d Funds 139,784 1,250,744 15.319,9971 169,2531 70,531 139.784 847,747 2,2.$3,774 12,156,864) 96,910 944,6S7 847,747 Page 45
STEPPING STONES NI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 18. UNRESTRICTED INCOME FUNDS 2025 2024 Balance at 1st April 2024 707,963 789,025 Incoming resources for the year ResoLlI'ces expended for the year Transfer between funds 1,003,030 (836,867) 798,458 (833,086) (46,434) Balance at 3 1st March 2025 874,126 707,963 19. RESTRICTED INCOME FUNDS 2025 2024 Balance at I st April 2024 139,784 7,019 Incoming resoui'ces for the year Resources expended foi. the year Transfer between funds 1,250,744 (1,319,997) 1,276,436 (1,190,105) 46,434 Balance at 31 st March 2025 70,531 139,784 20. DESIGNATED FUNDS Designated funds 't utm'estricted funds set aside by the trustees out of unrcstricted funds for specific future pui"poses. 21. LEGAL STATUS Stepping Stones NI is a Company Limited by Guarantee. Each member has agreed to contribute £ l in the event of a compulsory winding up. Stepping Stones Nl is registered with The Charity Commission for Northern Ireland, Charity Niimber 100727. Date of registration 9th December 2014. Stepping Stones NI is a recognised Charity within the definition of Section 360(3) Income and Colyoration Taxes Act 1970 by the Commissioners of the HM Revenue & Customs. Page 46