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COMPANY REGISTRATION NUMBER: 07309917
CHARITY REGISTRATION NUMBER: 1145726
Cornerstone Supported Housing & Counselling Ltd
Unaudited Financial Statements
For the Year Ending
30 June 2025
Cornerstone Supported Housing & Counselling Ltd
Financial Statements
Year Ended 30 June 2025
Page
Trustees' Annual Report (Incorporating the Director's Report)
1
Independent Examiner's Report to the Trustees
5
Statement of Financial Activities (Including Income and Expenditure Account)
7
Statement of Financial Position
8
Statement of Cash Flows
9
Notes to the Financial Statements
10
Cornerstone Supported Housing & Counselling Ltd
Trustees' Annual Report (Incorporating the Director's Report)
Year Ended 30 June 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2025 .
Chair's report
The 2024-2025 financial year has been one of meaningful growth, innovation, and consolidation for Cornerstone. Our strategic staff restructure and development plan implemented in 2023-24 has been a resounding success, resulting in 100% staff retention and several meaningful promotions. This, coupled with the strong commitment from our staff and Trustees, has enabled Cornerstone to remain agile, impactful, and adaptable to change throughout the year.
Objectives and Activities
The objectives of the charity are the relief of poverty, hardship and distress in particular by the provision of accommodation, support and counselling for vulnerable people who are homeless or in acute housing distress and suffering poverty hardship in the North East of England.
Achievements and Performance
Housing Pathway Success
We continued to implement our 3-stage housing pathway - First Steps, Step Forward, and Move On - providing clear progression and motivation for clients. This pathway has contributed significantly to the 126 clients housed this year.
- First Steps: 82 clients were housed, including 35 out-of-hours placements. Only 5 clients were asked to leave.
- Step Forward: 19 bed spaces were offered for more intensive support up to 6 months. 24 individuals were housed this year.
- Move On: 19 properties offering up to 2 years of reduced support accommodation. All properties remained occupied throughout the year with 6 new clients entering the move on stage as existing clients transitioned to full independence.
- 5 new properties were added to our stock.
Notably, 29 of 30 clients using emergency accommodation did not return to rough sleeping immediately, and 20 clients were assisted before spending a night on the street.
Community Hubs & Services
Hartlepool Hub
- The hub is thriving with 2976 attendees across drop-ins and training sessions.
- 214 individuals accessed shower and laundry facilities.
- 392 engagements from 34 partner organisations.
- 7715 hot drinks and 3580 meals served.
- Outside services continue to enhance the value of our drop-ins, delivering targeted support to our clients.
Bishop Auckland Hub
- Our pre-loved shop is performing well and acting as a vital point of contact for those in distress.
- The new hub, funded by the Big Lottery, is set to open imminently, replicating the success of the Hartlepool model.
- Clients are already being supported daily, even before the official opening.
Volunteering
Both hubs have created substantial volunteering opportunities for residents, clients and the wider community, fostering inclusion and community resilience.
Additional Impact Highlights
- Workshop Output:
- 85 sheds and summer houses produced.
- Over 300 pieces of outdoor furniture created.
- Big Lottery funding has enabled an additional staff member and two dedicated volunteering days weekly.
- Therapy Dog "Bob":
- Continues to provide unique and invaluable emotional support.
- Still the UK's only homelessness therapy dog.
- Sleep Pod Distribution:
- 350 sleep pods distributed to other organisations.
- 27 sleep pods given directly to rough sleepers.
- Continued role as North East distributor, covering regions as far as South Yorkshire, Edinburgh, and Blackpool.
- Street Outreach:
- 58 street sweeps conducted.
- 48 rough sleepers encountered; 25 supported into housing.
- 136 Street Link referrals engaged 66 individuals.
- 13 supported into accommodation, with 6 housed on the same night they were identified.
- Clothing Banks:
- Now operating 9 sign-written bins across County Durham and Hartlepool, generating sustainable revenue.
Governance and Service Improvement
- We completed the SHIP inspection, a robust audit of housing quality, staff training, client consultations, and data recording systems with successful outcomes.
- All staff policies and procedures reviewed.
- Implemented a communications strategy to increase our social media reach and community engagement.
Closing Remarks
The Trustees are proud to report that Cornerstone continues to meet, and often exceed, the expectations of its clients, partner organisations, funders, and the communities we serve. The results achieved this year are a direct reflection of the dedication, professionalism, and compassion shown by our staff, volunteers, supporters, and partner organisations.
As we look to the future, Cornerstone remains committed to its mission of ending homelessness and supporting people into long-term, stable living arrangements. We thank all who have walked alongside us this year, from funders and partners to our invaluable team - for making our work not only possible but impactful.
Financial Review
Cornerstone has made sure it has a viable financial base to support its activities and strategy going forward enabled by the passion, performance and partnership of all staff members. Working with the wider community means that the cash position during the year has increased by £55k or 20% which gives us the ability to plan and invest in the housing base of the charity in the coming months as well as ensuing the ongoing daily operations are achieved.
Reserves Policy
The trustees aim to keep sufficient reserves to cover running costs for between 3 and 6 months. This equates to between £205,000 and £410,000. Actual reserves as at 30th June 2025 were £311,205 which is within the required range.
Structure, Governance and Management
Cornerstone Supported Housing & Counselling Ltd is a registered charity and a company limited by guarantee. It was incorporated as a company limited by guarantee on 9 July 2010 and is governed by its Memorandum and Articles of Association. It was registered as a charity on 1st February 2012.
The Board
Cornerstone's original board was made up of people who had faith in our manager and a similar work ethic. They all knew the task ahead involved good business decisions, and thick skin to endure the rejection we faced opening a project of this type in a small community. They all delivered brilliantly and weathered the storm and brought us to where we are today - with open mindedness and innovative thinking. They were passionate enough to acknowledge that the charity needed a more strategic and formal approach to the work it had been doing.
Cornerstone's success at turning around community attitudes and building positive relationships has been rewarded with interest from many high profile public figures wanting to get involved and help us progress and build further.
Public Benefit
Our main activities and who we help are described elsewhere in this report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The Trustees have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity.
Reference and Administrative Details
Registered charity name
Cornerstone Supported Housing & Counselling Ltd
Charity registration number
1145726
Company registration number
07309917
Principal office and registered
12 Brockwell Court
office
Low Willington Industrial Estate
Crook
County Durham
DL15 0UT
The Trustees
Lee Vasey
Jeremy Judge Steele
Steven Clarkson
(Retired 27 February 2025)
Cllr Anita Savory MBE JP
Robert Ledger
Steven Patterson
(Appointed 4 March 2025)
Peter Houghton
(Appointed 28 January 2025)
Independent Examiner
Jane Ascroft FCA MA (Cantab)
Enterprise House
Harmire Enterprise Park
Barnard Castle
County Durham
DL12 8XT
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 11 August 2025 and signed on behalf of the board of trustees by:
Peter Houghton
Trustee
Cornerstone Supported Housing & Counselling Ltd
Independent Examiner's Report to the Trustees of Cornerstone Supported Housing & Counselling Ltd
Year Ended 30 June 2025
I report to the trustees on my examination of the financial statements of Cornerstone Supported Housing & Counselling Ltd ('the charity') for the year ended 30 June 2025.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jane Ascroft FCA MA (Cantab) Independent Examiner
Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT
11 August 2025
Cornerstone Supported Housing & Counselling Ltd
Statement of Financial Activities
(including income and expenditure account)
Year Ended 30 June 2025
2025
2024
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
6,840
141,600
148,440
71,620
Charitable activities
6
737,917
737,917
582,912
Other trading activities
7
9,941
9,941
8,818
Investment income
8
2,453
2,453
2,503
---------
---------
---------
---------
Total income
757,151
141,600
898,751
665,853
---------
---------
---------
---------
Expenditure
Expenditure on charitable activities
9,10
720,317
97,800
818,117
621,677
---------
---------
---------
---------
Total expenditure
720,317
97,800
818,117
621,677
---------
---------
---------
---------
---------
---------
---------
---------
Net income and net movement in funds
36,834
43,800
80,634
44,176
---------
---------
---------
---------
Reconciliation of funds
Total funds brought forward
349,575
7,700
357,275
313,099
---------
---------
---------
---------
Total funds carried forward
386,409
51,500
437,909
357,275
---------
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Cornerstone Supported Housing & Counselling Ltd
Statement of Financial Position
30 June 2025
2025
2024
Note
£
£
£
Fixed Assets
Tangible fixed assets
15
75,204
77,676
Current Assets
Stocks
16
2,900
5,400
Debtors
17
22,184
14,180
Cash at bank and in hand
338,421
274,458
---------
---------
363,505
294,038
Creditors: amounts falling due within one year
18
800
14,439
---------
---------
Net Current Assets
362,705
279,599
---------
---------
Total Assets Less Current Liabilities
437,909
357,275
---------
---------
Net Assets
437,909
357,275
---------
---------
Funds of the Charity
Restricted funds
51,500
7,700
Unrestricted funds
386,409
349,575
---------
---------
Total charity funds
20
437,909
357,275
---------
---------
For the year ending 30 June 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 11 August 2025 , and are signed on behalf of the board by:
Peter Houghton
Trustee
Cornerstone Supported Housing & Counselling Ltd
Statement of Cash Flows
Year Ended 30 June 2025
2025
2024
£
£
Cash Flows from Operating Activities
Net income
80,634
44,176
Adjustments for:
Depreciation of tangible fixed assets
3,734
4,026
Other interest receivable and similar income
( 2,453)
( 2,503)
Accrued expenses
800
Changes in:
Stocks
2,500
3,590
Trade and other debtors
( 8,004)
36,850
Trade and other creditors
( 14,439)
145
--------
--------
Cash generated from operations
62,772
86,284
Interest received
2,453
2,503
--------
--------
Net cash from operating activities
65,225
88,787
--------
--------
Cash Flows from Investing Activities
Purchase of tangible assets
( 1,262)
( 1,096)
--------
--------
Net cash used in investing activities
( 1,262)
( 1,096)
--------
--------
Net Increase in Cash and Cash Equivalents
63,963
87,691
Cash and Cash Equivalents at Beginning of Year
274,458
186,767
---------
---------
Cash and Cash Equivalents at End of Year
338,421
274,458
---------
---------
Cornerstone Supported Housing & Counselling Ltd
Notes to the Financial Statements
Year Ended 30 June 2025
1. General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 12 Brockwell Court, Low Willington Industrial Estate, Crook, County Durham, DL15 0UT.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity.
Going Concern
There are no material uncertainties about the charity’s ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting these financial statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
Income
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
Tangible Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property
-
2% straight line
Leasehold property improvements
-
Straight line over the length of the lease
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial Instruments
The charity only has financial assets and 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.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
4. Limited by Guarantee
The company is limited by guarantee. At 30th June 2025 there were 6 members each of whom had undertaken to contribute an amount not exceeding £1 in the event of a winding up.
5. Donations and Legacies
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Donations
Donations
6,840
6,840
Grants
National Lottery Community Fund
101,600
101,600
Lloyds Bank Foundation
Leeds Building Society
40,000
40,000
Sir James Knott Foundation
Screwfix Foundation
Garfield Weston Foundation
Hadrian Trust
Catherine Cookson Foundation
-------
---------
---------
6,840
141,600
148,440
-------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations
Grants
National Lottery Community Fund
Lloyds Bank Foundation
25,000
25,000
Leeds Building Society
Sir James Knott Foundation
15,000
15,000
Screwfix Foundation
4,120
4,120
Garfield Weston Foundation
25,000
25,000
Hadrian Trust
1,000
1,000
Catherine Cookson Foundation
1,500
1,500
----
--------
--------
71,620
71,620
----
--------
--------
6. Charitable Activities
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Alternative Provision
5,520
5,520
Rental income
601,848
601,848
425,565
425,565
Workshop income
92,837
92,837
109,952
109,952
Hartlepool Hub pilot sit up service
19,480
19,480
23,907
23,907
Rough sleeper assertive outreach
20,148
20,148
16,633
16,633
Other charitable income
3,604
3,604
1,335
1,335
---------
---------
---------
---------
737,917
737,917
582,912
582,912
---------
---------
---------
---------
7. Other Trading Activities
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Pre-Loved income
9,941
9,941
8,818
8,818
-------
-------
-------
-------
8. Investment Income
Unrestricted Funds
Total Funds 2025
Unrestricted Funds
Total Funds 2024
£
£
£
£
Bank interest receivable
2,453
2,453
2,503
2,503
-------
-------
-------
-------
9. Expenditure on Charitable Activities by Fund Type
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Costs of charitable activities
720,317
97,800
818,117
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Costs of charitable activities
529,632
92,045
621,677
---------
--------
---------
10. Expenditure on Charitable Activities by Activity Type
Activities undertaken directly
Total funds 2025
Total fund 2024
£
£
£
Costs of charitable activities
818,117
818,117
621,677
---------
---------
---------
11. Net Income
Net income is stated after charging/(crediting):
2025
2024
£
£
Depreciation of tangible fixed assets
3,734
4,026
-------
-------
12. Independent Examination Fees
2025
2024
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
800
720
Other financial services
792
1,038
-------
-------
1,592
1,758
-------
-------
13. Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
£
£
Wages and salaries
337,801
251,583
Social security costs
24,830
14,877
Employer contributions to pension plans
6,421
4,850
---------
---------
369,052
271,310
---------
---------
The average head count of employees during the year was 14 (2024: 12 ). The average number of full-time equivalent employees during the year is analysed as follows:
2025
2024
No.
No.
Number of project staff
14
12
----
----
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £28,916 (2024:£20,333).
14. Trustee Remuneration and Expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred during the year (2024 - Nil).
15. Tangible Fixed Assets
Freehold property
Leasehold property improvements
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 July 2024
80,000
14,170
22,595
15,933
132,698
Additions
1,262
1,262
--------
--------
--------
--------
---------
At 30 June 2025
80,000
14,170
22,595
17,195
133,960
--------
--------
--------
--------
---------
Depreciation
At 1 July 2024
9,600
14,170
18,610
12,642
55,022
Charge for the year
1,600
996
1,138
3,734
--------
--------
--------
--------
---------
At 30 June 2025
11,200
14,170
19,606
13,780
58,756
--------
--------
--------
--------
---------
Carrying amount
At 30 June 2025
68,800
2,989
3,415
75,204
--------
--------
--------
--------
---------
At 30 June 2024
70,400
3,985
3,291
77,676
--------
--------
--------
--------
---------
16. Stocks
2025
2024
£
£
Stock
2,900
5,400
-------
-------
17. Debtors
2025
2024
£
£
Trade debtors
21,807
14,180
Other debtors
377
--------
--------
22,184
14,180
--------
--------
18. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
800
Social security and other taxes
3,061
Deferred grant income
10,480
Other creditors
898
----
--------
800
14,439
----
--------
19. Pensions and Other Post Retirement Benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 6,421 (2024: £ 4,850 ).
20. Analysis of Charitable Funds
Unrestricted funds
At 1 July 2024
Income
Expenditure
Transfers
At 30 June 2025
£
£
£
£
£
General funds
271,899
757,151
(716,583)
(1,262)
311,205
Capital fund
77,676
(3,734)
1,262
75,204
---------
---------
---------
-------
---------
349,575
757,151
(720,317)
386,409
---------
---------
---------
-------
---------
At 1 July 2023
Income
Expenditure
Transfers
At 30 June 2024
£
£
£
£
£
General funds
204,368
594,233
(525,606)
(1,096)
271,899
Capital fund
80,606
(4,026)
1,096
77,676
---------
---------
---------
-------
---------
284,974
594,233
(529,632)
349,575
---------
---------
---------
-------
---------
The capital fund holds the value of the fixed assets.
Restricted funds
At 1 July 2024
Income
Expenditure
Transfers
At 30 June 2025
£
£
£
£
£
Lloyds Bank Foundation
Garfield Weston
1,800
(1,800)
Sir James Knott Foundation
2,000
(2,000)
Hartlepool Borough Council
Hadrian Trust
Screwfix Foundation
3,100
(3,100)
Catherine Cookson Foundation
800
(800)
National Lottery Community Fund
101,600
(59,100)
42,500
Leeds Building Society
40,000
(31,000)
9,000
-------
---------
--------
----
--------
7,700
141,600
(97,800)
51,500
-------
---------
--------
----
--------
At 1 July 2023
Income
Expenditure
Transfers
At 30 June 2024
£
£
£
£
£
Lloyds Bank Foundation
15,125
25,000
(40,125)
Garfield Weston
25,000
(23,200)
1,800
Sir James Knott Foundation
15,000
(13,000)
2,000
Hartlepool Borough Council
13,000
(13,000)
Hadrian Trust
1,000
(1,000)
Screwfix Foundation
4,120
(1,020)
3,100
Catherine Cookson Foundation
1,500
(700)
800
National Lottery Community Fund
Leeds Building Society
--------
--------
--------
----
-------
28,125
71,620
(92,045)
7,700
--------
--------
--------
----
-------
The restricted funds comprise grants given for the following purposes:
Lloyds Bank Foundation - Hartlepool development
Garfield Weston - Emergency housing expansion
Sir James Knott Foundation - Provision of emergency outreach support & hosuing
Hartlepool Borough Council - Provision of emergency accommodation for rough sleepers
Hadrian Trust - Emergency housing & outreach
Screwfix Foundation - Disabled WC
Catherine Cookson Foundation - Emergency housing & outreach
National Lottery Community Fund - Development of a homeless hub in Bishop Auckland and further development of the workshop, including training packages.
Leeds Building Society - Provision of extra supported housing.
21. Analysis of Net Assets Between Funds
Unrestricted Funds
Restricted Funds
Total Funds 2025
£
£
£
Tangible fixed assets
75,204
75,204
Current assets
312,005
51,500
363,505
Creditors less than 1 year
(800)
(800)
---------
--------
---------
Net assets
386,409
51,500
437,909
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
77,676
77,676
Current assets
286,338
7,700
294,038
Creditors less than 1 year
(14,439)
(14,439)
---------
-------
---------
Net assets
349,575
7,700
357,275
---------
-------
---------
22. Analysis of Changes in Net Debt
At 1 Jul 2024
Cash flows
At 30 Jun 2025
£
£
£
Cash at bank and in hand
274,458
63,963
338,421
---------
--------
---------
23. Related Parties
One of the trustees, Lee Vasey , is the son of the manager, Steve Vasey. During the year the charity paid gross wages to Steve totalling £28,916 (2024 - £20,333). Steve Vasey allows Cornerstone to use two of his properties that are leased to the charity at 15% below market value with Mr Vasey paying the energy bills to one of the properties within his rent charge.