REGISTERED COMPANY NUMBER: 02701445 (England and Wales) REGISTERED CHARrrY NUMBEIL. 1010448 SCOThISH CHARITY NUMBER: SC038887 Report of the Trustees and Flnancial Statements for the Year Ended 31 March 2025 for Remar Association (UK) Mabe Allen LLP Chartered Accountants Statutory Audltors 50 Osmaston Road Derby DEI 2HU Remar Association (UK) Contents of the Finana"al Statements for the Year Ended 31 March 2025 Page ReFrfJrt of the Trustees Report of the Independent Auditors Consolldated Ststement of Flnandal Athvltles 13 Consolldated Balan￿ Sheet 14 Company Balantr Sheet 15 Consolidated Cash Flow Statement 16 Notes to the Consolidated Cash Flow Statement 17 Notes to the Flnanclal Siatements 18 Detalled Ststement of Financlal Activities 34 Remar Assoaation (UK) Report of the Trustees for the Year Ended 31 March 2025 The trustees who are also directors of the charity for the purwses of the Companles Act 2006, present thelr report wlth the flnanclal statements of the charlty for the year ended 31 March 2025. The trustees have adopted the provlslons of Accounting and Reporting by Charltles: Statement of R6xommended Prathce appllcable to charittes preparlng thelr account5 In accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102). Basis and Values Remar AssoclatEon (UK) Is a charlty whose Insplration and values derlve from the Chrfstlan falth, These values, enrlched and shared by many people of other falths and phllosophlesi provlde the basls of the work wlth persons affected by drug addiction and alcohollsm, and with thelr famllles and dependents. OBJEcfIvES AND ACTIVITIES Objectives and aims The objects of Remar Assoclatlon (UK) as amended by a Speclal Resolutlon dated 17 July 2003 and as de,fined by the Memorandum of Associatlon are'.- i) to relleve In any part of the World sufferlng from poverty and/or sickness particularly among persons affected by solvent abuse, drug addlction and/or alcohollsm and to restore and rehabilitate such persons and to relleve the suffering of parents, spousesi partners, chlldren (Including orphaned and abandoned) of such affected persons. to educate the public and persons affected by solvent abuse, drug addlctlon and alcohollsm and in danger of solvent, drugs and alcohol addiction in such manner as the dlrectors thlnk flt. li) to relleve in any part of the World poverty, deprivation and distress among persons of any age or ra￿ including without limit assistan￿ directly or indirectly for places of education and care of the sick. 111) the care, re-settlement and rehabilitation of offenders and thelr famllles and dependants In any part of the World. iv) the advan￿ment of the Chrlstlan falth. Slgnlflcant actlvltles The current focus of Remar Assoclatlon (UK)'s work Is based urK)n four main pillar5:_ l) To raise awareness of the Christian faith through evangelism. ii) To ins￿1 discipleship in the Christian faith. iii) To undertake Christian social work, the pradical expfftssion of which is in assistan￿ to persons affected by solvent abuse, drug addiction andlor alcoholism, ex-offenders, the relatives of such affected persons and also in financial and materlal support for the ChrIs￿an social work of Remar in other parts of the world, Includlng help to orphaned and abandoned chlldren. Iv) To ralse fundsi particularly through its own Chrtstlan business enterprlses, to support Its aCtI￿ljeS. The following are some of the maln aCti￿tIeS and developments In the different areas over the past year: Evan ellsm We have been doing evangelistic work on the streets of ￿ntral London and people have corne to our ￿ntreS directly as result of this activityi also evangelising On￿ a week in Glasgow (Scotland). The general work of discipleship continues amongst tt)ose benefiaarles wha, once thelr Elves have been fijlly restored, declde to stay on as volunteer Chrlstlan workers. Thls Is malnly practlcal tralnlr)g, carried on In the day-to-day routlne of each house. Page I Remar Assoaation (UK) Report of the Trustees for the Year Ended 31 March 2025 OBJEcfivES AND AcrIvTriES Significant activities - continued c￿la1 Wor We wish to continue to refer people from the Unlted Klngdom wlth problems of drug and alcohol addlctlon to the Spanlsh Rpmar ￿ntre5. Others contact Remar Spain dlrectly for help wlth their problems. We have also been able to contlnue wlth our flnanclal programme of glfts and donatlons to Remar centres In other parts of the world, as shown in the finandal report. Soclal work amongst the poor and marginalised has continued during the year. In Nottingham and London, a programme "Angels In the night. continues brlnglng to the homeless and street people weekly a programme of hot food, sandwiches, and refreshments. A programme of dlstrlbLrtlng food par￿lS weekly has continued far those In need of baslc food, Chrfstlan Business E te We continue to generate the maJorfty of our ￿ndS from the profits made by our Charlty Shops and onllne sales whlch sell new and second-hand donated furnlture, clothlng & brlc-a-brac, and wlth a percentage of acdvlty undertaken by our subsidiary trading company, Remar UK Llmited. lThese shops are functionlng in four different towns Dr cities (2024: four) at present and continue to be a financial success. Public benefit Under the Charities Act 2011, charities are required to demonstrate that their aims are for the public benefit. The Lwo key principles which must met in this context are, first, that there must be an identifiable benefit or benefits. and, secondly, that the beneflt must be to the publlc, ar a section cf the publlc. Charlty Trustees must ensure that they carry out their charlty's aims for the publlc beneflt, Inust have regard to the Charlty Commlsslon's and the offi￿ of the Scottlsh Charlty Regulator's guidance, and must rewrt on publlc benefft In thelr Annual Repjrt. Remar Assoclatlon (UK)'s Board of TrUSt￿S regularly monltors and revlews the success of the organlzatlon In meeting Its key objectives of helping people sufferlng fmm poverty, sld(ness and affected by drug addiction and alcaliolism. The Trustees confimi, in the light of the guidance, that these aims fully meet the public benefit test and that all the activities of the Charity, described in this report under its current focus, are undertaken in pursuit of Its aims. Grant Making Declsions on making grants are taken by the Trustees and are normally made to Remar Spain fur dlstribLrtion to other Remar organlsatjons around the world (see Note 7) based on where the n&d Is greatesL Volunteers The voluntary workers Include drug-addicts and alcoholics In rehabilitstion, addlcts already rehabllltsted and Indlviduals dedlcatlng themselves full time to the work of the Charlty, These indlvlduals Ilve In the various properties rented by or belonging to the Charlty and have their needs provlded by the Charity. The Trustees consider it very important that those who no longer have problems of addlctlon live alongslde those who arrlve as drug addicts and alcoholics, so that they can care for them ￿enty-fOUr hours a day. The Trustees vvish to thank those many volunteers who give their time to the various projects. In totsl thls represents hours of work whith cannot possibly be valued, but wlthout whlch Remar Association (UK) would not exisL Page 2 Remar Association (UK) Report of the Trustees for the Year Ended 31 March 2025 FINANCIAL REVIEW Financial position The last financial year has seen the Charlty develop and consolldate Its seNices. The Consolldated Balance Sheet indicate5 that at 31 Marth 2025 the total funds of the group were £446,750 (2024: £552,699). This was represented by tangible flxed assets of £760,814 (2024; £795,065) and net current liab115ties of £11,172 (net current assets 2024: £83,639), with a further £302,892 (2024.. £326,005) Ilabllltles due after more than one year, The liabilities include the outstandlng balan￿ of £321,172 (2024., £340,975) due on bank loans. Unrestrlcted funds of £446,750 (2024: £552,699) represent5 the reserves avallable to the group to fulfll the Charlty's exlstyng commitsnents over the long term and also to finan￿ the expected growth in actlvlty. The Consolldated Statement of Flnandal Activltles Indlcates that total resources expended for the year ended 31 March 2025 was £796,684 (2024: £942,523) with total income generated of £690,735 (2024: £912,165), The existence and operatlon of charlty shops by the Charity provides a substantial base for the fuLure with five shops (2024., five) in operatlon at the year end. Fiesettleme.nt and czre expendlture at a cost of £137,347 (2024: £151,218) contlnued to be a significant part of the Chariws activities. During the year Fareshare provlded the charlty food wlth a fa5r value of £16,127 (2024: £35,360) for distribution to the benefiaaries of the charity. The Charfty is set to benefit from the proceeds of a legacy, however this has been delayed. The Trustees wlll progress the strategy to develop and grow the Charity. The Trustees are confident that they are we11 pla￿d to fulfil the objectlves of the Charity into the future. Trading Actlvltles The results of Remar UK Llmlted, the wholly owned subsldlary company of the charlty are summaris&J in Note 14 of the Financial Statements. During the year, the trading subsidiary has made donatlons of £54,007 (2024: £37,638) transferrlng profits to the parent charity. The Trustees of the Charity are: G W Harvey, J 81atch and L Engllsh. G W Harvey and J Blatch are also dlrtctors of the tradlng subsldiary. Online sales revenue for the year was impacted by an issue with Google Adwords. This took some time to resolve, and to bridge the gap a loan was obtained from Remar Madrid and from a priwate individual. Financial reserves pollcy The T￿SteeS are seeklng to provide a capital reserve of 3 months runnlng costs. It should be noted that Remar Assoclation UK has in platr an agreement, renewed annually, with Remar Madrid, that In the event of lack of cash flow or the inability to cover financial obllgations, Remar Assoclation (UK) will re￿1ve funds from Remar Madrld. At 31 Mard) 2025 the unrestrlcted reserves of the Charity amounted to £446,750 (2024., £552,699). The unrestricted reserves golng forward should help to finance the interest on the bank loans whlch exists. The amount of funds t￿t can only be reallsed by diswsing of tangible fixed as*ts amounted to £439,642 as at 31 March 2025 (2024., £454,090). After making allowance for funds that can only be realised by disposing of tAngible fixed assets the free reserves of the charlty are £7, 108 (2024.. £98,609). Financial and risk management objectives and pollcles Financial Funds surplus to requirement to the rLJnning of the UK operatlon are transferred to Remar International where they are used exclusively for the social worlc in the developlng world and in partlcular to asslst our work wlth orphaned an abandoned chlldren. AIIoLZtion of funds is made by a Committee which sits once a month. Page 3 Remar Association (UK) Report of the Trustees for the Year Ended 31 Ma￿h 2025 FINANCIAL REVXEW Flnanclal posltlon - continued Restoratlon ol Llves Supervision of those persons undergoing rehabilitstion Is undertaken by monltors who Ilve twenty-four hours a day wlth those in rehabilitation. Monitors are persons who are judged by the General Manager as re5ponslble and capable of asslsting others. Risk management The major rfsks to which the charlty is exposed, as Identifled by the Trustee5, have been reviewed and systerns have been established to mitlgate those rlsks. The Trustee5 appDlnted the law flrm Maurltr Turnor Gardner, 15th Floor, Mllton Street, London EC2Y 9BH, with the lead lawyer Jennlfer Emms, speclallst in UK charity law and governance. A ' root and branch. review was undertaken to ensure that Remar Assoclatlon were compllant with all aspects of the Charity Commission's guidelines, with special attentlon glven to rlsk management. The Trustees further retained the services of MTG to cary out a review of operating procedures with a focus on rlsk management, at year end 2025. Teaching and Training At a national and local level, monitors are constantly being taught, evaluated and encouraged by Joaquln Munt, the General Manager, who is also a Pastor In the Body of Chrlst Church and has over 20 years, experfei)ce in rehabilitation of drug and alcohol addlcts and Is supported by Pastor Serglo Flalho and Pastor Toni Riberio. At an international level, regular courses are held In Madrld. The Trustees have tasked the General Manager to engage wlth a local charity set up for the purpose of providing skllls- based tralning. We are engaglng with the Nottingham Community and Volunlary Services, NCVS charity, and managers and supervisors selected by the General Manager will attend regular training courses. The Trustees have tasked the General Manager to keep a reoDrd of all the tralnlng courses and those Indlvlduals who atterKJ. The Trustees are considering prrjducing an intemal ￿rtificate In conjunctlon wlth the local chatlty to give individuals when they have successfully completed training. Changes In Flxed Assets The movements In fixed assets durlng the year are set out In the notes to the Financlal Statements. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing documenl. Remar Association (UK) is a Registered Charity (number 1010448 for England and Wales and SC038887 for Scouand) and a company Limited by guarantee (number 027Q1445) which was set up on the 27 March 1992. Its governlng instrument is the Memorandum and Articles of Assc(iation which were Issued at that date. STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultment and appointment of new trustees A panel comprlslng exlstlng Trustees seletts members to Joln the Trustee board. After an appropriate period of observation and enquiry to assess suitability new Trustees undergo an orientation to brief them on their legal obligations under chartty and company law, content of the Memorandum and Articles of Association, the board of Trustees and declslon-making prO￿sSeS and recent financlal performance of the Charity. The Trustees retire by rota￿On wlth the longest serving director, if willing to act, offering himself for re-election at the Annual General Meetlng, Page 4 Remar Assoaation (UK) Report of the Twstses for the Year Ended 31 March 2025 FINANCIAL REVIEW Oryanlsatlonal structure Remar Assoclatlon (UIQ operates as an independent charity, although It Is In contact wlth the networlc of charities under the Remar umbfftlla, an Internatlonal ChrIs￿an Outreath Mlnlstry. In addltlon, there exlsts a wholly owned subsidiary companyr Remar UK Limited, which has prevlously undertaken to make a covenanted donatlon wlthln the meaning of the Corporatlon Tax Act 2010 Section 189. The Trustees are responslble for the overdll managerrient and control of the ￿arIty and recelve reports from the General Manager Joaquin Munt. Responslbllity for Ope￿tIOnal activities lies in the hands of the Gener81 Manager, who Is supported by other volunteers. The Trustees have overall responslblllty for ensurlng that the tharity has appropriate systems of control, flnanclal or otherwlse. Page 5 Remar Association (UK) Report of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTrATIVE DETAILS Reglstered Company number 02701445 (England and Wales) Reglstei'ed Charfty number 1010448 Scottish Charity Number SCO 38887 Registered office 845-847 Iligh Road Leytonstone London Ell IHH Trustees J Blat£h G W HaNey L English Company Secretsry A Ipgrave Audltors Mabe Allen LLP Chartered Accountants Stattjtory Audltors 50 Osmaston Road Derby DEI 2HU Bankers Lloyds TSB Bank PIC Market Square House Old Market Square Nottlngham NGI 6FD Solicltors Geldards Number One Prtde Pla Prlde Park Derby DE24 8QR Page 6 Remar Association (UK) Report of the TNstees for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also the direcLDrs of Remar Association (UK) for the purposes of company law) are responslble for preparfng the Report of the Trustees and the flnandal statements In accordance with applicable law and United Kingdom Accountlng Standards (United KIr￿d0M Generally A￿pted Accountlng Prathce), Including Finanaal Reporting Standard 102 "The Finandal Repordng Standard appllcable In the UK and Republlc of Ireland" Company law requlres the trustees to prepare flnanclal statements for each flnandal year whld) give a true and falr vlew of the state of affalrs of the charitable company and of the Incomlng resources and appllcatlon of resources, indudlng the income and expendlture, of the tharltable company for that period. In preparlng those flnanclal statements, the trustees are required to select sultsble accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP; make Judgements and estimates that are reasonable and prudent. prepare the flnandal statements on the going cOn￿rn basis unless It is inappropriate to presume that the charltsble company wlll conb'nue in business. The trustees are responsible for keeplng proper accounting records whlch dlsdose wlth reasonable accuraLy at any time the financlal posltlon of the charltable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also respoiislble for safeguardlng the assets of the charltrdble ￿MpanY and hen￿ for tsklng reasonable steps for the preveni'lon and detectlon of fraud and other Irregularltles. DISCLOSURE OF INFORMATION TO THE AUDrroRS In so far as the trust￿ are awafft: there Is no relevant audit information of which the charitab5e company's audltors are unaware. and the trustees have taken all steps that they ought to have tsken to make themselves awa￿ of any relevant audit Information and to estsbllsh that the auditors are aware of that information. AUDrroRS The auditors, Mabe Allen LLP, wlll be proposed for re-appointsnent at the forthcomlng Annual General M￿tIng. This report has b*n prepared in accordan￿ wlth the speclal provlsSons of Part 15 of the Companies Act 2006 relatJng to small companies. 3111012025 Approved by order of the board of trustees on .......... and slgned on its behalf by: G W Harvey - Trustee Page 7 Remar Association (UK) Independent Auditorfs Report to the Members and Trustees of Remar Assoclatlon (UK) Opinion We have audlted the financial ststements of Remar A￿OCIatIOn (UK) {the'parent charltable companl) and its subsidiary (the 'group? for the year ended 31 March 2025 which comprise of the Group Consolidated Statement of Finanaal Actlvltles, the Group Summary Income and Expenditure Account, the Group Consolidated and Parent Charitable Company Balan￿ Sheet, the Group Consolidated Cash Flow Statement and notes to the financial ststements Includlng a summary of significant accounting policies. The financial reporting framework that has b*n applled in thelr preparatlon Is appllcable law and Unlted Klngdom Accounting Standards, including Financial Reportlng Stsndard 102 The Reportlng Standard appllcable In the UKand Republic of Ireland (United Kingdom Generally AC￿pted Accountlng pract1￿). In our opinion the financial statements.. give a true and falr vlew of the state of the group's and parent charltable companfs affalrs as at 31 March 2025, and of the group's and parent chaiitable company's Incomlng resouffts and appllcatlon of reSoU￿s, Including the group's ￿rent charitable company's Income and expendlture, for the year then ended, have been properly prepared in accordance wlth United Kingdom Generally Accepted Accountlng Prath￿. and have been prepared in accordance with the requlrements of the Companies Act 2006, the CharlLles and Trustee Investment (Scotland) Act 2005 and regulatlons 6 and 8 of the C￿rItieS Accounts (Scotland) Regulations 2006. Basls for oplnlon We conducted our audlt In accordan￿ wlth Internatlonal Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responslbllltjes under those standards are further described in the Auditorfs responsibilities for the audlt of the financial statements section of our report. We are independent of the group and parent charltable company In accordan￿ with the ethical requirements that are relevant to our audit of the finana81 statements In the UK, Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical resp]nsibilltles In accordan￿ with these requlrements. We believe that the audit evidentr we have Obtain￿ is sufficient and approprlate to provlde a basls tor our quallfled opinion. Conclusions relatlng to going concern In auditing the financial statements, we have concluded that the directors, use of the going con￿rn basls of accountlng In the preparation of the financial ststements is appropriate. Based on the work we have performed. we have not Identifled any material uncertalntles relatjng to events or conditions that Indlvidually or collettively may cast doubt on the companys abllll'y to contlnue as a going concern for a period of at least Lwelve months from when the flnancial statements are authorlsed for issue. Our responsibllltles and the responslbllltles of the dlrectors with respect to golng con￿rn are descrtbed in the relevant sectlons of th15 rerM)rt. Page 8 Remar Association (UK) Independent Audltor's Report to the Members and Trustees of Remar Association (UK) - continued other Inforniation The trustees are responslble for the other informatlon. The other Informatlon comprises the information included in the report of the trustees, Other than the financlal statements and our auditorfs report thereon. Our oplnlon on the flnanclal statements does not cover the other information and, eX￿pt to the extent othemlse explicitly stated in our repojt we do not express any form of assuran￿ corKlusion thereon. In connection with our audit of the financlal statements, our responslblllty Is to read the other Snformatlon and, In dolng so, consider whether the other Informatlon Is materially Inconsistent with the finandal statements or our knowledge obtsined in the audlt or otherwise appears to be materially misstated. If we Identlfy such material inconsistencies or apparent materfal misstatements, we are requlred to determlne whether there is a material mlsstatement in the financlal statements or a material mlsstatement of the other InformatSon. If, based on the work we have performed, we conclude that there Is a materlal mlsstatement of thls other Informatlon, we are requlred to reFQrt that fact. Opinions on other matters prescrlbed by the Companles Act 2006 In our oplnlon, based on the work undertaken in the course of the audit: the information given in the report of the trustees (incorporating the directors, report) for the flnandal year for whlch the finanaal ststements are prepared is consistent with the financial statements; and the report of the directors has been prepared in accordance wlth appllcable legal requlrernents. Matters on whlch we are requlred to report by exceptlon In the light of our thowledge and understandlng of the group and parent charitable company and its environment obtsined in the course of the audlt, we have not Identtfled materlal misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companles Act 2006 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion.. adequate accounting ￿cordS have not been kept, or returns adequate for our audtt have not been received from branches not visited by us. or the parent charitable company s financlal statements are not In agreement with the accountlng records and returns. or certaln dlsclosur&s of dlrectors, remuneration spedfied by law are not made; or the trustees were not entFtled to prepare the financlal statements In accordan￿ with the small companies, regime and take advantage of the small companles, exemptlons In preparing the dlrectors, report and from the requirement to prepare a strateglc report. Page 9 Remar Assodatlon (UK) Independent Audltorfs Report to the Members and Trustees of Remar Assoclatlon (UK) - contlnued Responslbilities of trustees As explalned more ￿llY In the trustees, responslbllities statement set out on page 6 the trustees (who are also tl d1￿CtorS of the charltsble company for the purposes of company law) are responsible for the preparation of the financial ststements and for being satisfied that they gtve a true and fair view, and for such intemal control a5 the trustees determine is necessary to enable the preparation of financia5 statements that are fr& from material mlsstatement, whether due to fraud or error. In preparlng the flnanclal statements, the trustses are responslble for assessing the group's and parent d)ar112ble company s ablllty to contlnue as a golng concern, dlscloslng, as appllcable, matters related to going con￿￿ and uslng the go5ng con￿rn basls of accounting unless the trustees elther Intend to Ilquldate the group or the parent charltable company or to cease operatlons, or have no reallstlc alternatlve but to do so. Auditor's responsibllltles for the audit of tho financial statements We have been appointed as audltor under sethon 4411)(c) of the Charities and Trustee Investment (*ottand) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Atts. Our objectives are to obtain reasonable assurance about whether the financial sLatements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran￿ but is not a guarantee that an audlt conducted In accordan￿ wlth ISAS (UK) wlll always det&rt a materlal misstatement when It exlsts. Mlsststements can arl* from fraud or error and are conSIder￿ materlal If, Indlvldually or In the aggregate, they could reasonably be expetted to Influentr the economic declsions of users taken on the basls of these financlal statements. Irregularltles, Includlng fraud, are Instances of non-c0mp1lan￿ wlth laws and regulatlons. We deslgn pro￿dure In Ilne with our responsibilities, outlined above, to detect materlal mlsstat£ments in respect of irregularities, including fraud is detailed below.. Extent to which the audit was considered capable of detecting fraud In Identlfying and assessing risks of material misstatement in respect of Irregularltles, Includlng fraud and non- compllance wlth laws and regulatAons, we consldered the followlng: The nature of the industry and s&ttor, control environment. and businoss performan￿ Including targets for income and net profit. Results of our enqulrfes of management and the trust*s about thelr own identlficatlon and assessment of the rlsks of irregularltles. Any matters we identified having obtsirted and reviewed the company's documentation of their policies and procgjures relatlng to: Identifying, evaluating and complylng with laws and re.gulations and whether they were aware of any Irstances of non-c0mpl1an￿, Includlng any related tri the General Data Protectlon Regulatlons or Brlbery Att 2010, Delectlng and respondlng to the risks of fraud and whether they have knowledge of any actual, suspected or alleged The internal controls to mitigate risks of fraud or non-compliance with laws and regulatlons. The matters éiscussed among the audlt engagement tearn Include how and where fraud might occur In the financlal ststements and any potential indicators of fraud. Page 10 Remar Association (UK) Independent Audltor's Report to the Members and Trustees of Remar Assoclatlon (UK) - continued As a result of these proCedU￿s, we considered the opportunltles and Intrntives that may exist within the charity for fraud and Identifieé the greatest potential for fraud In the ablllty of management to manipulate revenue recognition. In common wlth all audlts under ISAS (UK), we are also requlred to perform specific prO￿dureS to respond to the risk of management override. We also obtalned an unéerstandlng of the legal and regulatory frameworks that the charlty operates In, focusing on provisions of th0￿ laws and regulations that had a direct effect on the determlnauon of materlal amounts and dlsclosures in the financial ststements, The key laws and regulations we considered In thls context Included In Settlon 44(Ic) of the *• Charities and Trustees Investment (Scotland) Act 2005 the Com￿nIeS Act 2006 and the Flnanclal Reportlng Stsndard 102. In addltion, we consldered provlslons of other laws and regulations that do not have a dlrect effect on the financlal statements but Complian￿ with whlth may be fundamental to the company's ablllty to operate or to avold a material penalty. These include The General Data Protection Regulatlons, the Bribery Act 2010 and Health and Safety policies. Audlt Response to Risks Identified Our pro￿ureS to respond to rlsks Identlfled above include the following.. Reviewing the financial statements disclosures and testing to supporting dccumentation to as*ss compllance wlth provisions of relevant laws and regulations described as having a direct effect on the flnanclal 5tatements'. Enquiring of management and director5 concerning actual and potentlal Ijtlga￿0n and clalms. Obtalnlng thlrd party conflrmatlon of materlal bank balan￿$. D0(wMen￿ng and verlfying all signlficant related party balan￿S and transactions. Performlng analytlcal prO￿dureS to Identlfy any unusual or unexpected relationships that may indicate rfsks of materlal misstatement due to fraud. Reading minutes to meetings of those charged with governance and revlewlng relevant correspondence from regulatory bodies, In addressing the fraud risk in revenue recognition we have tested a sample of revenue recorded In the year through agreement to the relevant dc£umentatlon and ￿nk statements. Addltlonallyi at an analytical review level, we developed an exp*atlon of the revenue wlth reference to our experlence of the client and discussions on the recognition and volatlllty of revenue In the year. and In addressing the risk of fraud through management override of controls, testing the appropriateness of Journal entries and other adjustments. assessing whether the judgements made in making accountlng estlmates are Indlcatlve of a potentlal blas. and evaluatlng the business rationale of any signlflcant transactfons that are unusual or outside the normal course of busine55. We also communlcated relevant identlfled laws and regulatlons and potentlal fraud rlsks to all engagement team members and remaln alert to any Indlcatlons of fraud or non-complian￿ wlth laws and regulatlons throughoLlt the audit. Because of the Inherent Ilmltstlons of an audlt there Is a rlsk that we wlll not detect all irregularities, induding those leading to a material mi5ststement in the financial statements or non-complian￿ with regulation. Thls risk increases the more that complIan￿ wlth a law or regulatlon Is removed from the events and transattions refleoted In the financial statements, as we wlll be less Ilkely to become aware of instan￿$ of non-(xJmpliantr. The risk is also greater regardlng irregularities 0￿Urring due to fraud rather than error, as fraud involves intentional conwlment, forgery, collusion, omission or misrepresentstion. Page 11 Remar Association (UK) Independent Auditorfs Report to the Members and Trustees of Remar Association (UK) - continued A further description of our restx)nsibilities for the audit of the finanoal statements is located on the Financial Reporbng Council's webslte at www.fr udi res nsibli es. This descripts'on forms part of our Report of Auditors. Use of our report This report is made solely to the tharitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Att 2006, and to the charitable compan¢s trust￿, as a b(KJy, in accordance with Regulab'on 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has b￿n undertaken so that we might state to the charitable company's members and trust&s those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable companfs members as a body and the charitable company s trustees as a body, for our audit work, for this report, or for the opinions we have formag. Neil Higgins FCCA (Senior Statutory Auditor) for and on behalf of Mabe Allen LLP Chartered Accountants statutory Auditors 50 Osmaston Road Derby DEI 2HU Date: Mabe Allen LLP is eligible to act as an auditor in terms of section 1212 of the Companies Att 2006. Page 12 Remar Association (UK) Consolidated Statement of Flnanclal Actlvltles (Includlng Income and Expenditure Account) for the Year Ended 31 March 2025 Unrestrfcted fund Restrlcted Total funds Totsl funds fund 2025 2024 Notes INCOME AND ENDoWME￿fS FROM Donatlons and legaaes Charltable actlvltles Investments Other 74,523 608,018 800 74,523 608,018 66,360 837,044 750 Totsl EXPENDITURE ON Raising funds Charitable activities Resettlement and Qre ExpendiLure Donations to Other Organi5ations Prlmary PU￿0* Trading costs 137,347 2,908 656 429 137,347 2,908 151,218 57,060 Total Z9LL84 NET (EXPENDITURE)IINCOME (105,949) (105,949) (30,358) RECONCILIATION OF FUNDS Total funds brought forward 552,699 552,699 583,057 TOTAL FUNDS CARRIED FORWARD 446 750 552 699 CONTINUING OPERATIONS All income and expenditure has ar15en from continuing actlvltles. The annexed notes form part of these finanaal ststements Page 13 Remar Assoclatlon (UK) (reglstered number: 02701445) Consolidated Balance Sheet At 31 March 2025 Unrestrlcted fund Restricted Total funds Totsl funds fund 2025 2024 Notes FIXED ASSErs Tangible assets 13 760 814 CURRENT ASSETS St￿kS Debtors Cash at bank and In hand 15 16 188,943 ii,ioi 188,943 11,101 25 262,968 23,017 20g,296 209,296 295,480 CREDITORS AmoLJnts falllng due wlthln one year 17 220,468 220,468 211,841 NEf CURRENT (UABILITIES)IASSETS 11172) TOTAL ASSETS LESS CURRENT UABIUTIES 749,642 749,642 878,704 CREDXTORS Amounts falllng due a￿r more than one year 18 302,892 302,892 326,005 NE[ ASSErs 446 750 FUNDS Unrestrlcted fLJnds Restrlcted funds 22 446,750 552,699 TOTAL FUNDS 446 750 552 699 These financial statements have been prepa￿d in accordance with the speaal provisions of Part 15 of the Companies Act 2006 relating to small charitsble companies. 3111012025 The financial statements were approved by the Board of Trustees on ......,.................... and were signed on Its behalf by: G W HaNey -Trustee The annexed notes form part of these financial statements Page 14 Remar Assoaation (UK) (Registered number: 02701445) Company Balance Sheet At 31 March 2025 2025 2024 Notes FIXED ASSETS Tanglble assets Investments 760,448 794,635 14 760,450 794,637 CURRENT ASSErs St(Kks Debtors Cash at bank and in hand 15 16 44,069 21,221 57,537 101,036 70,921 164,507 CREDrroRS Amounts falllng due wlthln one year 17 12 NET CURRENT (UABIUTIES)IASSETS TOTAL ASSETS LESS CURRENT LIABXLXTIES 746,016 875,015 CREDrroRS Amounts falling due after more than one year 18 302 892 326 005 NET ASSETS 443 124 RESERVES un￿strICted Funds The financlal statements have been prepared In a(zordan￿ wlth the provlslons of Part 15 of the Companles Art 2006 relating to small companles. 3111012025 The flnandal statements were approved by the Board of Trustees on .. .. and were slgned on Its behalf by: G W Harvey Trustee The annexed notes form part of these flnandal statements Page 15 Remar Association (UK) Consolidated Cash Flow Statement for the Year Ended 31 March 2025 2025 2024 Notes Cash flows from operatlng actlvltles: Cash generated from / (used in) operatlons Loan interest pald InterESt element of hlre purchase and flnan￿ lease rental payments 35,581 (33,913) 52,129 (30,603) Net cash (used In)/provlded by operatlng actEvltles Cash flows from inv&sting activities: Purchase of tangible fixed assets Sale of tanglble fixed assets (21,390) Net rash (used in) Investing activities 21390) Cash flows from financing actlvltles: Loan repaymerits in year Capital repayments in year Receipts from other grants (19,804) (14,970) (6,345) Net cash (used in)Iprovlded by flnancing activities 12 804) 10 310) Change In cash aiid cash equlvalents In the reporting petlod (11,136) (10,723) Cash and cash equivalents at the beglnnlng of the reporting period 214 10,937 Cash and cash equivalents at the end of the 2 reportlng period The annexed notes form part of the* flnanclal statements Page 16 Romar Association (UK) Notes to the Consolidatwj Cash Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET (EXPENDrruRE)/INCOME TO NEf CASH FLOW FROM OPERATING AcrIvrriES 2025 2024 Net (expendlture)Ilncome for the reporting period (as per the statement of flnancial activities) Adjustments for: Depreciation charges other grants Loan Interest paid Interest element of hire purchase and finan￿ lease rental payments (Increase)Idecrease in stocks (InCrease)Idec￿5e in debtors IncTease/(decrease) In creditors (105,949) (30,358) 34,250 (7,000) 33,913 47,801 (11,005) 30,603 549 (62,197) 16,943 74,025 11,916 Net cash provided l (used) by operating activities ANALYSZS OF CASH AND CASH EQUIVALENTS The amount disclosed in the Qsh Flow Statement in Rspect of cash and cash equlvalent are In respect of the Balan￿ Sheet amounts: 2025 2024 Cash in hand Noti￿ deposlts {1￿ than 3 months} Overdrafts Included In bank loans and overdrafts falllng due within one year 6,271 2,981 20 174) 6,577 2,917 Total cash and cash equivalents 214 ANALYSIS OF CHANGES IN NET DEBT At 31.3.24 Cashfiow At 31.3.25 Net Qsh Cash at ban[< and In han 21 Debt Credltors falllng due withln l year Credltors falllng due after l year (14,970) (3,310) (18,280) 302 892 321172 Total The annexed notes form part of these flnancial statements Page 17 Remar Assoclatlon (UK) Notes to the Flnanclal ¥catements for the Year Ended 31 March 2025 ACCOUNTING POLICIES The signlflcant accounting policies applied in the preparation of these flnanclal ststements are set out below. These policies have been consistsndy applied to a15 years presented unless otherwlse stated. Basis of preparing the fffinanclal statements Remar Assoclatlon (UK) Is a publlc benefit entity as deflned under Flnandal Reporting Stsndard 102. The financlal statements have ￿en prepared In accordance wlth The Companles Act 2006, the Charitles Act 2022, the Charltles and Trustees Investment (Scotland) Act 2005 and the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland (FR5102) and Accountlng and Reportlng by Charl￿eS. Statement of Recommended Practi appllcable to charltles preparlng their accounts in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic cf Ireland (FRS 102) (effecUve l January 2019) The financlal statements are presented In sterllng whlth is the functional currency of the charity and rounded to the neArest pound. The financial statements are prepar&J on a going con￿rn basi5 under the hlstorlcal cost convention, modified to include certain items at fair value. Going Concem The Trustees have prepared the financial statements on the golng concern basis whlch assumes that the group and the Charitable company wlll contlnue to trade for the foreseeable fLrture. The valldlty of the assumption is based on the Trustees, assessment of future cash 'Vor￿sts, revenue proJecL'lon5 and for the reasons set out below. Cost of livlng crfsis and economic uncertalnty In the UK As at the date of approvlng these flnanclal statements, the Impacts of the cLst-of-living crisis on the group's trading actlvlty Is contlnually belng assessed and subject to review. The current ￿onoMiC dimate in the UK has placed strain on the oroup's Gish flow and on the fInan￿S of the general public which could limit their ability to spend on home improvements. Our'base case assumption is that all of the groups, premlses wlll remaln open Into the future. In assessing the group's funding requirements, the Trustees have prepared projecttons whlch conslder the impacts on revenue given the volatility and uncertainty on retsil attlvlty. Having assessed the current tradlng performan￿ and fUL￿￿ prospects, the Trustees have concluded that both the group and the parent charltsble company have sufficient resour￿5 to contlnue in operational existen￿ for the foreseeable future. Furthermore, the￿ are no materlal uncertalntles In relatton tr) going contrrn. Ac(ordinglyi they continue to adopt the going con￿rn basls In preparlng the flnanclal statements. The financial statements therefore do not include any adjustments that would arlse if the going concern basis of preparation were Inapproprlate, Basls of Consolldatlon Consolidated Finanaal Statements have been prepared in respect of the Charitsble Company and Its wholly owned subsidiary, Rernar UK Limited in accordance with section 398 of the Companles Act 2006 and the requirements of the SORP 2019 (FRS 102). The income and expenditure of Remar UK Limited have been consolldated into the statement of Financial Activlties (SOFA) on a Ilne by Ilne basls. No separate Statement of Flnanclal Attlvltles (SOFA) has been presented for the Parent charlty alone as permitted by sectlon 408 of the Companles Act 2006. Company Status The Charity is a private Company LÉmited by Guarantee, registered in England and Wales. Tre members of the coM￿nY are the Trustees named on page 6. In the event of the Charity belng wound Upi the Ilablllty In respect of the guarantee is limited to £1 per member of the Charlty. Page 18 Remar Association (UK) Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - corttinued Crftlcal accountlng judgements and key sources of estlmatlon uncertainty The preparation of the finanaal statements requires management to make judgments, estimates and assumptlons that affect the amounts reported for assets and Ilabilities as at the balance sh￿t date and the amounts reported for revenues and expenses during the year.14owever, the nature of estlmatlon means that actual outcomes could differ from those estimates. The follovving judgements have had the most slgnlflcant effect on amounts recognlsed in the flnancial statements:" Valuation of stock The trustees review management's judgements in assesslng the requlrpd level of stock and provlslonlng and concluded that the method of estimating the orrylng value of stod< remalns appi'opriate, and that the level af provlsloning is approprlate. Income All Income Is recognlsed In the Statement of Ftnanclal Attjvities once the chaiity has entitlement to the funds, It Is probable that the Income wlll be recelved and the amount can be measured reliably. For donations to be recognised the charity will have been notitied of the amounts and the settlement date In writing. If there are conditions atiached to the donation and this requires a level of performan￿ before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfllment of those condltions is within the control of the tharity and it is probable that they wlll be fulfllled. Donated facilitles and donat'ed professlonal *rvlces are recognlsed in Income at thelr falr value when thelr economlc beneflt Is probable, It can be measured reliably and the charfty has control over the item. Fair value is etermlned on the basis of the value of the glft to t.he charlty. For example the amount Ihe charity would be willlng to pay in the open market for such fadIl￿eS and servI￿s. A correspN)nding amount is recognised In expendlture No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given In the Trustees, Annual Report. Where pratticable, gifts in kind donated for distribution to the beneflclarles of the charlty are included In stock and donations in the financial statements upon re￿ipt. If it Is Impractlcable to assess the fair value at recelpt or if the costs to undertake such a valuatlon ouLwelgh any benefits, then the fa5r value Is reC￿nIsed as a component of dOna￿onS when it Is distributed and an equivalent amount recognlsed as charltable expenditure. Page 19 Remar Association (UK) Notes to the Financial Statements - conts'nued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Income - contlnued Glfts In klnd donat& for resale are Induded at falr value, belng the expected prO￿ed$ from sale less the costs of sale. Where estimating the falr value Is practlcable uwn re￿Ipt It Is recognlsed In stod(. Upon sale, the value of the stock Is charged against 'Income from prlmary purkN)se tradlng, and the proceeds are reccwJnised as 'Income from prlmary purpose tradlng,. Where It is Impracticable to falr value the Items due to the volume of low value items, they are not recognlsed In the flnanclal statements until they are sold. Thls Income Is reC￿nI* withln 'Income from primary purposes tradlng,. Income from primary purpose trading includes income earned by the tradlng subsldlary In undertaklng trading activities whlch a5SlSt in the reintegration into society of the charity benefiaaries and to ralse funds for the charlty. Income is received in exchange for supplying goods and services in order to raise funds and meet the oblectlves of the charity and is recognised when entitlement has occurred. Income from grants Is recognls8I at falr Vdlue when the charlty has entitlement after any performan￿ conditions have been met, it Is probable that the InLome wlll be recelved and the amount can be measured reliably. If entltlement Is not met then these amounts are deferred. Expenditure Liabilities are recognised as expendlture as soon as there Is a legal or constructlve obllgatlon commlttlng the charity to that expenditure, It is probable that a transfer of economlc beneflts wlll be r￿U￿red In setttement and the amount of the obligation cari be measured reliably, Expenditure is accounted for on an actTuals basls arHJ has been classified under headings that aggregate all cost related to the category. Where costs cannot be dlrecdy attributed to ￿rtiCular headings they have been allocated to activities on a basis consistent with the use of re9)urces. Expenditure Is cateoorlzed under the followlng headings: Costs of ralslng ￿n￿5 Indudes the costs of contractlng wlth agents to ral* funds on behalf of the charity; Expenditure on charltable actlvltles Includes costs of resettlement and care, donatlons to other Remar Organizations and primary purpose tradlng costs, Irrecoverable VAT Is charged as an expense against the activlty for which the expendlture arose. Grants ￿Yable to third parties are within the charltable objectives. Where unconditlonal grants are offered, thls Is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the reciplent wlll receive the grants. Grants offered subject to conditions which have not been met at the year end date are noted as a commltment but not ac(Yued as expenditure. The grant is only dccrued when any ijnfulfilled a)ndltlons are outslde of the control of the charlty. Tangible fixed assets Depreciation is provided at the followlng annual rates In order to wrlte off each asset over Its esttmated useful Ilfe or, if held under a finance lease, over the lease term, whlchever is the Shorter. Freehold property Improvements to propety Flxtures and fittings Motor vehlcles 20/0 on cost Over period of lease 159/0 on reducing balance 2596 on r&uclng balance Tanglble flxed assets art initlally measured at cost and subsequendy measured at cost or valuation, net of depredatjon and any Impairment losses. Page 20 Remar Assoclation (UK) Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLtClES - continued Tangible fixed assets - contlnued The gain or10ss arlsing on the dlsposal of an asset Is detenllln￿ as the differen￿ t￿tween the sale proceeds and the carrylng value of the assets, and Is credlted or charged to profit and loss. At each reportlng perlod end date, the company revlews the carrylng amounts of its tanolble and Intsnglble assets to determlne whether there is any indlcatAon that those assets have SLffered an impairment loss. If any such Indlcaljon exlstS, the recoverable amount of the asset Is estlmated In order to determine the extent of the impairment loss (if any). Where It Is not posslble tn esttmate the r￿0Verable amount of an indlvldual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are dlscounted to thelr present value using a pfft-tsx discount rate that reflects current market assessments of the time value of money and the risks spe(ific to the asset for which Lhe estimates of future cash flows have not been adjusted. If the r￿Verable amount of an asset (or cash-generaung unlt) Is e.stlmated to be less than Its carrylng amount, the carrwng amcunt of the asset (or CaSh￿eneratIng unlt) Is redU￿d to Its recoverable amount. Impalrment loss Is recognlsed Immedlately In proflt or loss, unless the relevant asset Is carrled at a revalued amount, In which C2se the Impalrment loss Is treated as a revaluatlon decrease. Stocks stocks are stated at the lower of (Dst and estimated ￿lling pr1￿ less costs to complete and sell, Cost indudes all costs of purchase, costs of conversion and other costs incurred in bringing stock to Its present location and •• condition. Co rt is calculated using the firsi-in, first-out formula. Provision is rllade ft)r damaged, obsolete and slow-movlng sto¢* where appropriate. Donated St￿kS are fa1r valued as descrlbed In 'Income' above. Taxatlon The charity is an exempt charlty wlthln the meanlng of schedule 3 of the Charltles Act 2Jll and Is consldered to pass the tests set out In Paragraph I Schedule 6 Act 2010 and therefore It meets the definltlon of a charltable company for UK corporation tax purposes. Hire purchase and leasing commitments Assets acqulred under finance leases are capitalis&J and depreciated over the shorter of the lease term and the expected useful life of the asset. Minlmum lease payments are apwrtloned between the flnance charge and the reductlon of the outstanding lease Ilability uslng the effective Interest method. The related obllgations, net of fLrture finance tharges, are Included In credltors. Donated goods Donated stocks are falr valued as described under the Ino)me RecognitEon Sectlon above. The only exception to this accounting policy is where the trustees conslder It Impractlcal to falr value the glfts In klnd donated for re￿Ie because of the volume of low value items retrlved and where there is an absence of detsiled stock control systems or records. Page 21 Remar Assoa"ation (UK) Notss to the Financial Statements - cOn￿nUed for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Fund accounting General funds are unrestricted funds whlch can be us& In accordance wlth the charftable objertlves at the dls(Jetlon of the trustees and whlch have not been deslgnated for other purposes, Deslgnated funds comprlse unrestricted ￿ndS that have been set aside by the Trustees for particular purposes. The alm and use of each deslgnat'ed fund is set out in the notes to the ￿nanCIal Statements. Restricted funds can only be used for particular restrlcted purposes wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds a￿ raised for particular restricted purposes. The cost of raising and administering such funds are tharged against the specific fund. Further explana￿On of the nature and purpose of each fund is Included In the notes to the flnandal statements. Foreign currencies Forelgn currency transattlons are Inltlally recognl*d by applylng to the fO￿Ign currency amouiit the spot exchange rate between the functlonal currency and the forelgn currency at the date of the trdnsactlon. Monetary assets and Iliibllltles denomlnated In a forelgn currency at the balance sheet date are translated at the closing rate. Investment in subsidiaries Investments in subsidiary undertakings are recognised at cost. Fund raising costs Fundralslng costs are those incurred in seeking voluntary contributions and do not include the costs of dlssemlnatlng InformaOon In support of the charitable aclivities. Debtors and creditors receivablelpayable wlthln one year Debtors and credltors wlth no stated interest fdte and recelvable or payable wlthln one year are recorded at transaction pri￿. Any losses arlslng from Impalrment are recognlsed In expendItu￿. Loans and bowowings Loans and borrowings are initially reccgnised at tlE transaction price Including transaction costs. Subsequentlyi they are measured at amortised cost using the effective interest rate method, less impairment. If an aFTangement constitutes a finan￿ transaction it is measured at present value. Cash and cash equlvalents Cash and cash equlvalents Include cash In hand, deposits held at call wlth banks, other short-term liquid Investments wlth orlgl nal maturlties of three months or less, and bank overdrafts. Impairnient Assets not measured at falr value are rewewed for any indlcation that the asset may be Impalred at each balan sh￿t date. If such Indlcatlon exists, the recoverable amount of the asset., or the assevs cash generatlng unit, 15 estimated and compared to the carrying amouiit. Where the carrying amount exTreds its recoverBble amount, an Impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the Impalrment loss Is a revaluation decrease. Provlslons prO￿s1OnS are recognlsed when the charlty has an obllgation at the balance sheet date as a result of a past event, It Is probable that an outflow of economlc benefits wlll be requlred In settlement and the amount can be reliably estlmated. Page 22 Reniar Association (UK) Notes to the Financial Statements - continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES Restricted Funds Unrestr.Icted Funds Total Funds 2025 Donatlons., Lldl bears toy bank Donated Food for DlslT5butlcn - Fareshare Indlviduals 510 16,127 510 16,127 Restrlcted Funds Unrostncted Funds Totsl Funds 2024 Donations: Lidl Hygiene poverty fund Lldl bear's toy bank Marsh Charltable Trust The Fllty Fund The Jones 1986 Charitable Trust Chrlstadelphlan Samarftan ￿nd Donated Food for Dlstrlbutlon - Fareshare SoLrter Charitable Trnst Individuals 250 555 500 1,200 5,000 500 35,360 3,000 250 555 500 1,200 5,000 500 35,360 3,000 CHARZTABLE ACTIvrrJES 2025 2024 Primary Purpose Tradlng - Shop Income INCOME FROM INVEsfMENTS 2025 2024 Rental Income Page 23 Remar Association (UK) Notes to the Financial Statements - continued for the Year Ended 31 March 2025 OTHER INCOME 2025 2024 other Income Other income was attributsble to unrestricted funds. GRANTS PAYABLE 2025 2024 Donations to organisations The total grants pald to Inst'ltutlons durlng the year was as follows: 2025 2024 Remar- Spain Remar- India Remar- Recovery Home Glft Afrlca 54,900 1.,980 748 57 The charlty has awarded grants to a number of InstitLrtions in furtherance of its charitable attlviues. Contributions made to other Remar organi￿￿tiOnS are towards the purchase and running costs of drug rehabilitation ￿ntres. Recipients of grants to institutions: The r￿[pIents of grants In the current year and previous year and the use to which the grants were put are as follows: Glft Afrlca - asslst wlth Rehabllltallon Centre costs. Remar Spaln - For ￿ntral allc(ation and distribution to other Remar organlsattons. Remai. Indla - Assist with expendlture on orphanage. Remar Recovery Home - Asslst wlth Remar Projects in Ireland. Page 24 Rtymgr ￿$¢cratIon (UIQ Notes to the Flnandal SIHtement$- coThtinued for thè Yèar EA&ed 31 March 2025 TOTAL RESOURC￿$ EXPENDED DOWll¢lI8t¢ Ptknyy Yr4dtTrB Cu¥ts 2025Tth 2[114T￿l Imd Cttr• ExpBMdlb*e or¢NMlSthllQnJ Costs dli*rtl¥ allocalad to ?EllYiliB5 Foo Purth4se$ ca￿lage Commlsslon Pahjts Re￿r Spa Dlrwl. DIr￿l Dlr 20,587 20587 241,170 38,735 254094 15A76 241,170 6184 GrnThtfundbig of ALti¥itiQ5 DIr￿l 2,￿8 57,060 Syppurt Q)yl$ Allotii¢dlts A¢tlvlll49 DlrKt DI￿t Oir&t Di￿t Dir& Dlrttt Tjme app￿I￿nfflent DlrKtr DI TimeiVPurtiDn￿￿￿t DIr￿t Dir&t Dlrttt 177.g18 5,159 33,1 22J91 6,744 1,420 6,424 314 276 63.675 19,775 IC4 177,978 169,886 3,78D 35,465 43kn29 5.799 10,356 Waterrai I￿ra￿ Heat Lio Rate5- Non Dthmesvc uwrd Tax TelepMn¥ Puwlclty. Prtrttlrig and St8tlww Insu*an tor and'fravellkng Exp2nses Rylr5 arKI ￿e￿a Suthtas L,952 33, 3¢H5 474 lo,￿8 9,636 314 276 87,214 27￿1 443 27,414 12,2 9.278 3,212 23,539 7,8Z 339 8S,Y78 74,842 499 28,794 t5,689 27,414 Commls4M P4d on Safes èl and PrOfesS￿nal Fees 88nkCharoe4 Ir*erest Bank Loan Charges and Inter Hlre Pircha5e Chary De￿￿13t[On -Landand Bvildlngs -LeasehO￿ [mpm￿6nts -FIx￿re$ and Ewlwent -Motorvehicles DI 25,409 25.409 8,605 33,913 Di Di Oir&t 8,330 3D.6D3 549 33,913 21,475 1336 Lt37 21.475 2,336 1,337 Direct Dll&t i)l￿t 19 19 Page 25 Remar Association (UK) Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2025 NET INCOME/(EXPENDITURE) Net income/(expenditure) Is stated after chargingl(crediting): 2025 2024 Audltors, remuneratlon The auditlng of accounts of the trading subsidlary of the charlty DepreciatlDn - owned assets Depreclatlon - assets on hlre purchase contracts and fInan￿ leases 23,105 4,309 34,250 22,116 6,678 37,553 TRUSTEES, AND KEY MANAGEMENT PERSONNEL REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other beneflts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Mr J Munt, the charitys general manager is a member of the key management personnel. Mr Munt and hls family reside in a fr&hold property within the Remar Community with other beneficiaries of the charity. Trust￿, expenses There were no trustees, expenses ￿ld for the year ended 31 March 2025 or for the year ended 31 March 2024. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted fund Restrlcted Total funds fund INCOME AND ENDOWMENTS FROM Donations arKI legacies 55,355 55,355 other trading activities Investments other 837,044 750 837,044 750 Totsl 912 165 912 165 EXPENDrruRE ON Raisi￿ Funds Charitable actlvities Resettlement and Care Expenditure Donations to other organisations Primary Purpose Trading Costs 151,218 57,060 ZI4L45 151,218 57,060 73 Total EXPENDITURE (30,358) (30,358) RECONCILIATION OF FUNDS Total funds brought forward 583 057 583 057 TOTAL FUNDS CARRIED FORWARD Page 26 Rernar Assoclation (UK) Notes to the Flnanclal Ststements - continued for the Year Ended 31 March 2025 11. STAFF COSTS There were no staff costs durlng the year (2024; NIL) and no employees wlth emoluments above £60,000. The charity depends on volunteers and rehabllltsted beneflclar1es to undertralr the Year Ended 31 March 2025 12. TANGIBLE FtXED ASSETS- continued No fixed assets are held under hlre purchase contracts. 13. FIXED Assrr INVEsfMENTS Shares In group undertaklngs MARKET VALUE At l April 2024 and 31 March 2025 NET BOOKVALUE At 31 March 2025 At 31 March 2024 There were no investment assets outside the UK. The company's investJnents at the balarKe sheet date iii the share capitsl of companies indude the ft)Ilowing: Remar UK Llmlted (Reglstered Number 02861819) Registered offlce: 845-847 High Road, Leytonstone, London Ell IHH Nature of buslness: Shops trading in the sale of furnlLure Page 28 Remar Assodation (UK) Notss to the Financial Statements - continued for the Year Ended 31 March 2025 13. FIXED ASSET INVESTMErirs - continued aass of share: 2 Ordlnary shares of £1 each holdlng 100 2025 2024 Aggregate capltal and reserves Profit / (loss) for the year Relevaiit financial information regarding Remar UK Limited is as follows: 3,627 3,69J. 2025 2024 Turnover Cost of Sales Gross Proflt store Costs Net (Loss)IProflt Before Taxatlon Corporatlon Tax Net Profit After Taxation Gift Aid distributions to Remar Assoaation (UK) Net Ouffiow from Subsidiary 413,247 445,755 179,062 150,419 53,943 37,562 53,943 37,562 14. STOCKS The Group 2025 The Charity 2024 2024 2025 Goods for Resale All Str￿k Is held for prlmary purpose trading. 15. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR The Group The Charlty 2024 2025 2024 2025 Amouiits Owed by Group Undertaking5 other Debtors Prepayments Trade Debtors 10,120 545 10,556 78,019 11,638 11,379 545 10,556 11,638 11,379 Page 29 Remar Assoclatlon (UK) Nota4 to tho Financlal Ststements - contlnued for the Year Ended 31 Marth 2025 CREDITORS: AMOUKts FALLING DUE WITHJN ONE YEAR The Group 2025 The Charity 2025 2024 2024 Bank Loans and Overdrafts Trade Credltors Taxatlon and Soclal Securlty other Loans Other Creditors and Accruals 38,454 64,471 36,114 35,121 24,250 78,388 29,971 18,280 14,970 9,722 22,496 9,913 17. CREDXTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Group and Charity 2025 2024 Amounts falllng due after one year.. Bank loans (see note 19) LOANS Group and Charity 2025 2024 An analysis of the maturity of loans is given below. Amounts falling due within one year on demand,. ank overdrafL% Barik loans 20,174 9,280 Amounts falllng between one and years: Bank loans . 1-2 years Amounts falllng due betweeii two and five years: Ban1( loans - 2-5 years 44 Amounts falling due in more than five years: Repayable by Instalments: Bank loans due in more than 5 yeaks by instalment Page 30 Remar Assoaation (UK) Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2025 19. LEASING AGREEMENTS Group arid Charity Mlnlmum lease payments under nOn-Can￿lIable operatlng leases fall due as follows,, 2025 2024 Within one year Be￿een one and five years More than five years 71,000 94,633 49,400 84,633 165 633 166 433 20. SECURED DEBTS The followlng secured debts are Included wlthln csedltors: 2025 2024 Bank overdra Bank loans 321172 321172 Bank loans and overdrafts are secured agalnst the freehold property of the parent charitable conipany. 21. MOVEMENT XN FUNDS Net movement In funds At 1.4.24 At 31.3.25 Unrestrlcted funds General fijnd 552,699 (105,949) 446,750 TOTAL FUNDS 552 699 105 949) Page 31 Remar Assodatlon (UK) Notes to the Flnanclal Statements - continued for the Year Ended 31 March 2025 21. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows. Incoming resources Resour expeiided Movement In funds Unrestrfcted funds General fund 690 735 796 684 105 949 TOTAL FUNDS At 1.4.23 Nel, movemenl. in funds At 31.3.24 Unrestrfcted funds General fund 552 699 TOTAL FUNDS Incoming resources Resources expended Movement in funds Unrestricted funds General flind 2ILL65 TOTAL FUNDS General fund represents the general funds of charity, which are not designed ft)r particular purposes. 22. Analysls of Group Net Assets Between Funds General Funds Designated Funds Total Fund Balances at 31 March 2025 are Represented by:" Tanglble Flxed Assets Current Assets Current Liabllities Long Term Llabllltles 760,814 208,771 (219,943) 760,814 208,771 (219,943) Page 32 Remar Assoclation (UK) Notes to the Financial Statements- continued for the Year Ended 31 March 2025 23. RELATED PARTY DISCLOSURES Durlng the tradlng year the trading subsldlary pald £5,250 (2024: £21,000) for the rentsl of warehouse space to a companyi In whlch one of the trustees, Mr G Harvey, Is a dlrector. The company benefited from the rentsl transathon, which was pald at less than the normal market rate. The tradlng subsldlary pald for purchases and commlsslon amountlng to £42,902 (2024: £76,949) to another related ￿rtY subject to Jolnt control or slgnltlcant Influen￿ over the company. As at 31 March 2025 there remained £57,154 (2024: £59,811) due to thls other entity, OTHER FINANCIAL COMMrrMEKrs At the year end the company has financlal (X)mmltments amountlng to £nil (2024,. £nll). 25. ULTIMATE CONTROLLING PARTY The TruSt￿S are responslble for the overall management and control of the Charlty. 26. CONTINGENT ASSETS The Charity has been the recipient of a legacy on the s*Uement of an estate. The estate has an estlmatsd value to the Charity of £125,000 following the settlement of any liabilities. There is a degr* of uncertalnty whether the settlement of the estate will be subject to challenge whith may impact on the expected re￿Ipt and valuatlon of the legacy for the charity. DLie to this uncertainty, no provisions for the asset has been made withln the financlal statements. Page 33 Remar Association (UK) Detailed Statement of Financial Actlvities for the Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons and legacles Donation5 Government qrants Other grants 67,013 55,355 7,510 11,005 other tradlng activities Shop ino)me 608,018 837,044 Investments Rent received 800 750 Other Income Insurance clalm Totsl Incomlng resources 690 735 EXPENDITURE Raising Funds Fundraislng Q)sts Charitable activities Food Griints to Institutlons 20,587 2,908 38,735 57,060 9Jf 795 Support costs Management Rates and water Insurance Light and heat Telephone Pastage and stationery Insurance Sundrles Repalrs and renewals Rent Purchases and carrlage Coinmission paid to Remar Spain Commission paid on sales Motor and travelling Legal fees Depreciatlon - Freehold property - Improvements to property Ixture5 and fittings Motor vehicles Carried foward 24,554 33,163 34,685 9,6.36 314 276 443 27,601 177,978 241,170 6,484 19,935 35,465 43,629 9,852 1,307 499 74,842 169,886 254,894 15,676 15,689 88,978 87,214 25,409 21,475 2,336 1,136 21,475 2,336 1,337 703,177 778,452 Page 34 Remar Association (UK) DetaileAI Ststement of Financial Activities for the Year Ended 31 March 2025 2025 2024 Management Brought forward Bank Interest and charges Bank loan Interest Hlre purchase 703,177 8,685 33,913 778,452 8,330 30,603 549 Governance costs Audltors, remuneratton Totsl resources expended 796,684 942,52. Net (expenditure)Ilncome 105 949) Page 35