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← Rush House Ltd

2023-03-31-accounts

REGISTERED COMPANY NUMBER: 03022267 (England and Wales) REGISTERED CHARITY NUMBER: 1044911

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REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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FOR

RUSH HOUSE LTD

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___ & CO.__ CHARTERED ACCOUNTANTS

RUSH HOUSE LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Report ofthe Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18
DetailedStatementofFinancialActivities 19 to 20

RUSH HOUSE LTD

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The company is a registered charity and its principal object, as set out in its Memorandum of Association, is 'To provide accommodation and support services for people who may be homeless, struggling to achieve independence or need guidance to assist them to achieve their goals and address their needs. Our objective is to provide an integrated support service which is person centered, aiming to equip them with the knowledge, skills and confidence to be valued and contributing members of the community’.

The mission statement of Rush House is the commitment to the delivery of excellence in the services we provide to those most vulnerable and / or excluded in our society. We do this through encouraging individuals to meet their potential and thus contribute to their community in particular, and society in general.

The vision of Rush House is 'Empowering all to be happy, healthy and safe’.

The organisation has a skilled, experienced and committed staff team, which delivers a comprehensive range of accommodation, support and advice and guidance services to a diverse group of young people with multiple complex needs.

Many of our service users are extremely vulnerable and have low levels of self esteem and educational attainment and are often excluded from, or disaffected with, mainstream services.

Ensuring our work delivers our aims

In order to maximise the quality and range of its services, Rush House has developed a successful range of partnership and collaborative working arrangements with many statutory and voluntary sector organisations in Rotherham and South Yorkshire.

Our aims, objectives and activities are regularly reviewed by staff and trustees to ensure that they remain focused on our stated purposes. We refer to the Charity Commission's guidance on pubic benefit when reviewing our aims and objectives and in planning future activities.

The quality and impact of our work is assessed internally using a range of quality and service user satisfaction assessment tools and externally by our funders and partners using rigorous outcome monitoring techniques. Rush House is committed to the principle of continuous improvement and works to a number of quality frameworks including the Investors in People and the Matrix standard for advice and guidance services.

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RUSH HOUSE LTD

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE

The focus of our work

A substantial part of Rush House funding is derived from contractual relationships with Local Authorities and the Lottery Fund. These funding streams require specific outcomes for young people at risk within the framework of Every Child Matters, the Government's vision for children's services around the key issues of:

We therefore provide support, training and advice and guidance to young people in relation to:

Rush House also provides a range of fully furnished accommodation in two separate schemes, each offering different and increasing levels of independence.

How our activities deliver public benefit

All Rush House activities deliver against key national and local government strategies and targets in such areas as the NEETS Agenda (not in education, employment or training), homelessness, teenage pregnancy, prevention and treatment of drug and alcohol abuse, community safety and crime prevention.

Who used and benefited from our services?

All Rush House services are predominantly aimed at young people aged 16 to 30 years old mainly living in the Rotherham area, but also covering other areas within Yorkshire and the Humber. Many of them are Looked After Children or leaving tne care of the local authority. Over 250 people accessed support from Rush House over the period April 2022 to March 2023. In January 2023 we extended our EET (education, employment and training) offer to make it available to anyone over the age of 16 (with no upper age limit) facing multiple barriers to EET.

Services

We provide accommodation and support to care leavers and vulnerable 16 to 25 year olds through the local authorities FPS (Flexible Purchase System) contracts we have with Sheffield, Doncaster and Rotherham. In August 2019 we started delivery of supported accommodation to homeless 16 to 25 year olds with multiple complex needs. This is a partnership working arrangement with Roundabout Limited after together we tendered for this service from RMBC. Roundabout Limited are the main contract holder and sub-contract 12 units of accommodation to Rush House. Support is provided 24 hours a day, every day of the year.

Brighter Futures - after securing National Lottery funding in January 2023 we were able continue to deliver our Brighter Futures Service. We took our learning from the first project and made some changes that included lowering the age range to 16 and having no upper age limit thus allowing many more people to access our support. We provide person centered holistic support to those considered furthest from the labour market to help overcome the barriers they face to education, training and employment. We also support people in employment who are struggling to maintain their employment.

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RUSH HOUSE LTD

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

A Place of Your Own (Pre-tenancy training) - a funding grant from RMBC allowed us to continue to deliver this much needed support to Rotherham tenants for a further 12 months. During this time, we have also started to develop a new online training portal that will allow many more people to access training and support.

Life Skills - a donation from the Abstract Foundation in February 2023 has allowed us to employ a Life Skills coach to work with our service users by delivering a range of sessions to develop their life skills and increase their confidence. As part of this, we have also developed a range of AQA units and have become a registered AQA centre.

Human Resources

The organisation has a service level agreement with ProAktive Services for the provision of support and updates on HR issues.

Training and Development

This is an on going process for the whole staff team, utilising regular supervision sessions. Any training needs highlighted will be explored and wherever possible appropriate training offered. We also have a central database managed by the admin team that stores information on all training completed and by whom. During 2022-2023 all managers at Rush completed leadership and management training through CAF funding.

Income Generation

We continue to explore a diverse range of funding avoiding having ‘all our eggs in one basket’. We actively seek funding opportunities to support us to develop our services in response to the changing needs of the community we support.

FINANCIAL REVIEW

The financial results for the year are set out on pages 7 and 8.

Although it appears we had excess income in 22/23, some of the income that we received in 22/23 was funding for the following financial year 23/24. We had left at the end of 22/23 just over £240,000 cash in hand, of which £180,000 is in our reserves We also have nearly £120,000 of deferred income. Our reserves have been reviewed and still include three months running costs taking into consideration the cost of living increases. This includes money for the worst case scenario of having to make redundancies and close Rush House. The amount in our current account also includes grants paid in advance from The Abstract Foundation, Brighter Futures 2, together with other donations, small grants and fundraising.

Thanks to the efficient and prudent running of Rush House over the last few years this has meant we have had the money when we needed it to keep Rush House going until we sourced alternative funding, and are still left with some reserves moving forwards.

Investment Powers

The company's investment powers are set out in its Memorandum and Articles of Association and allow the company to invest funds not immediately required in investments, securities and property subject to such conditions as may be required by law.

Reserves Policy

The trustees approved a reserves policy in 2019 in line with guidance issued by the Charity Commission

Reserves are considered appropriate to:

i. Ensure the continuity of the organisation in the event of an interruption to its income. ii. Provide a financial support in the event of emergencies. iii. Contribute significantly to the trustees' and management team's ability to ensure and balance the current and future needs of Rush House.

The trustees believe that resources should be the equivalent of three months operation costs, approximately £180,000, also including allocations for redundancies. Reserves will be monitored and reviewed by the trustees on a two monthly basis.

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RUSH HOUSE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FUTURE PLANS

Our strategic plan was reviewed in consultation with staff, service users and trustees in 2022 and now sets our objectives as follows:

a communication strategy that will foster organisational growth and drive brand recognition.

Progress of the strategic plan is reviewed quarterly.

It has now become a requirement of the Government that organisations providing supported accommodation to 16 and 17 year old care leavers and looked after children will have to be regulated by OFSTED. After some consideration Rush House will be applying for OFSTED registration in summer 2023.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company is registered as a company limited by guarantee, without a share capital. Its governing instrument is_ its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

Any potential new directors are asked to complete an application form to join the Board and any offers made are subject to satisfactory references and DBS checks.

The Board are actively pursuing the recruitment of new directors/trustees.

Organisational structure

The company is governed by a Board of Trustees which meets approximately six times a year and is responsible for setting the strategic direction of the organisation and for establishing policy. A Chief Executive Officer is appointed by the Board to oversee the day to day operations of the company.

Induction and training of new trustees

The support given to new and existing directors/trustees includes the following:

1. Rush House aims and objectives.

  1. Rush House business plan, Annual Report and accounts.

  2. Recent management committee papers and minutes.

  3. Training (safeguarding)

  4. Forward training on the responsibilities of company directors and charity trustees.

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RUSH HOUSE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have reviewed the major risks to which the charity is exposed and systems have been established to mitigate those risks. These are reviewed periodically.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 03022267 (England and Wales)

Registered Charity number 1044911

Registered office 18/19 Lindum Terrace Doncaster Road ROTHERHAM S65 1NJ

Trustees Mrs R A Boyle (deceased 25.10.2022) A Heppenstall Mrs K Shaw D J Homer N Knowles

Company Secretary Ms S Miller

Independent Examiner Glover & Co Chartered Accountants 13/15 Netherhall Road DONCASTER DN1 2PH

Chief Executive Office Rachael Wilson

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Approved by order of the board of trustees on 25 October 2023 and signed on its behalf by:

N Knowles - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

RUSH HOUSE LTD

Independent examiner's report to the trustees of Rush House Ltd (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

| have completed my examination. | 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 Company as required by Section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or 3. the accounts 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

  2. the accounts 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)).

| 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.

(Mee ae

Jane Mellor

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Glover & Co Chartered Accountants 13/15 Netherhall Road DONCASTER DN1 2PH

25 October 2023

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RUSH HOUSE LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 91,297 73,136 164,433 69,130
Charitable activities 4
Rush House Project 590,388 95,206 685,594 766,874
Investment income 3 324 - 324 15
Total 682,009 168,342 850,351 836,019
EXPENDITURE ON
Charitable activities 5
Rush House Project 676,373 168,342 844,715 764,045
NET INCOME 5,636 - 5,636 71,974
RECONCILIATION OF FUNDS
Total funds brought forward 236,996 - 236,996 165,022
TOTALFUNDSCARRIEDFORWARD 242,632 - 242,632 236,996

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The notes form part of these financial statements Page 7

RUSH HOUSE LTD

BALANCE SHEET 31 MARCH 2023

2023 2022
Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
Notes = £ £ £
CURRENT ASSETS
Debtors
Cash at bank and in hand		 11 9,278
341,068		 -
30,450		 9,278
371,518		 7,426
399,193
350,346 30,450 380,796 406,619
CREDITORS
Amounts falling due within one year 12 (19,169) - (19,169) (19,396)
NET CURRENTASSETS 331,177 30,450 361,627 387,223
TOTAL ASSETS LESS CURRENT LIABILITIES 331,177 30,450 361,627 387,223
ACCRUALSAND DEFERRED INCOME 13 (88,545) (30,450) (118,995) (150,227)
NET ASSETS 242,632 - 242,632 236,996
FUNDS 14
Unrestricted funds 242,632 236,996
TOTALFUNDS 242,632 236,996

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

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RUSH HOUSE LTD

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BALANCE SHEET - continued 31 MARCH 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2023 and were signed on its behalf by:

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N Knowles - Trustee fA \/
/ aon —
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D J Homer - Trustee

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Ditton
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The notes form part of these financial statements

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RUSH HOUSE LTD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £ a
Cash flows from operating activities
Cash generated from operations 1 (27,675) 183,170
Net cash (used in)/provided by operating activities (27,675) 183,170
Change in cash and cash equivalents in
the reporting period (27,675) 183,170
Cash and cash equivalents at the
beginning of the reporting period 399,193 216,023
Cash and cash equivalents at the end of
thereportingperiod 371,518 399,193

The notes form part of these financial statements

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RUSH HOUSE LTD

  1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

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2: ANALYSIS OF CHANGES IN NET FUNDS

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 5,636 71,974
Adjustments for:
Increase in debtors (1,852) (1,623)
(Decrease)/increase in creditors (31,459) 112,819
Netcash(usedin)/providedbyoperations (27,675) 183,170
At 1.4.22 Cash flow At 31.3.23
£ £ £
Net cash
Cash at bank and in hand 399,193 (27,675) 371,518
399,193 (27,675) 371,518
= a
Total 399,193 (27,675) 371,518

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The notes form part of these financial statements

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RUSH HOUSE LTD

  1. ACCOUNTING POLICIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: 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) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Support costs are allocated to the various activities based on estimated usage.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost

The useful economic life of the expenditure on the refurbishment and fitting out of the leasehold properties used in the scheme is uncertain due to the nature of the charity's activities. In the opinion of the trustees it is therefore prudent to charge the full amount of the expenditure to the statement of financial activities when occured. Other fixed assets individually costing £1,000 or more are capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

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Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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Pension costs and other post-retirement benefits

The company is committed to paying contributions equal to 5% of gross pay into the personal pension schemes of permanent staff. Contributions payable for the year are charged to the Statement of Financial Activities in the period to which they relate.

Operating leases

Rentals paid under operating leases are charged to the statement of financial activities when incurred.

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RUSH HOUSE LTD

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

2. DONATIONS AND LEGACIES
2023 2022
£ £
Donations 7,297 5,264
Grants 157,136 63,866
164,433 69,130
Grants received, included in the above, are as follows:
2023 2022
£ £
Other Small Grants 40,155 134,324
The Abstract Foundation 84,000 -
Other grants 32,981 (70,458)
157,136 63,866
3. INVESTMENT INCOME
2023 2022
£ £
Bank interest received 324 15
4. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Rush
House Total
Project activities
£ £
Rental income 231,353 247,759
Brighter Futures 95,206 153,438
RMBC Adults 225,000 225,000
Flexible Purchase System 134,035 140,677
685,594 766,874
5. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 6) note 7) Totals
£ £ £
RushHouseProject 720,288 124,427 844,715

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RUSH HOUSE LTD

  1. DIRECT COSTS OF CHARITABLE ACTIVITIES

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

7.

2023 2022
& £
Staff costs 430,021 423,834
SYHA charges 81,979 63,464
Premises and insurance 49,919 39,020
Other direct costs 667 1,284
Grant expenditure 145,010 101,098
Residents costs 11,052 10,965
Staff travel 1,640 1,404
720,288 641,069
SUPPORT COSTS
Management Information
technology		 Governance
costs		 Totals
£ £ £ £
RushHouseProject 101,006 2,559 20,862 124,427

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

  1. STAFF COSTS
STAFF COSTS
2023 2022
£ £
Wages and salaries 442,311 441,520
Social security costs 40,413 31,595
Other pension costs 25,059 28,685
507,783 501,800
The average monthly number ofemployees during the yearwas as follows:
2023 2022
Direct Charitable 23 23
Senior Management 1 4
Business Support 3 3
27 27

The average monthly number of employees during the year was as follows:

No employees received emoluments in excess of £60,000.

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RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

10. TANGIBLE FIXED ASSETS

10. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2022 and 31 March 2023 20,745
DEPRECIATION
At 1 April 2022 and 31 March 2023 20,745
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 8,438 6,666
Prepayments and accrued income 840 760
9,278 7,426
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 3,157 4,808
Social security and other taxes 9,734 8,243
Accrued expenses 6,278 6,345
19,169 19,396
13. ACCRUALS AND DEFERRED INCOME
2023 2022
£ £
Accruals and deferred income 118,995 150,227
14, MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£ £ £
Unrestricted funds
General fund 236,996 5,636 242,632
TOTALFUNDS 236,996 5,636 242,632

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RUSH HOUSE LTD

  1. MOVEMENT IN FUNDS- continued

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ E £
Unrestricted funds
General fund 598,009 (592,373) 5,636
The Abstract Foundation 84,000 (84,000) -
682,009 (676,373) 5,636
Restricted funds
General
Brighter Futures		 73,136
95,206		 (73,136)
(95,206)		 -
-
168,342 (168,342) -
TOTAL FUNDS 850,351 (844,715) 5,636
Comparatives for movement in funds
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 165,022 71,974 236,996
Restricted funds
Other Small Grants - (35,769) (35,769)
Lloyds Bank Fund - 17,684 17,684
Brighter Futures - 18,085 18,085
TOTAL FUNDS 165,022 71,974 236,996
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 618,714 (546,740) 71,974
Restricted funds
Other Small Grants 46,182 (81,951) (35,769)
Lloyds Bank Fund 17,684 - 17,684
Brighter Futures 153,439 (135,354) 18,085
217,305 (217,305) -
TOTALFUNDS 836,019 (764,045) 71,974

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RUSH HOUSE LTD

  1. MOVEMENT IN FUNDS - continued

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£ £ £
Unrestricted funds
General fund 165,022 77,610 242,632
Restricted funds
Other Small Grants - (35,769) (35,769)
Lloyds Bank Fund - 17,684 17,684
Brighter Futures - 18,085 18,085
TOTALFUNDS 165,022 77,610 242,632

TOTAL FUNDS

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,216,723 (1,139,113) 77,610
The Abstract Foundation 84,000 (84,000) -
1,300,723 (1,223,113) 77,610
Restricted funds
Other Small Grants 46,182 (81,951) (35,769)
General 73,136 (73,136) -
Lloyds Bank Fund 17,684 - 17,684
Brighter Futures 248,645 (230,560) 18,085
385,647 (385,647) -
TOTALFUNDS 1,686,370 (1,608,760) 77,610

TOTAL FUNDS

15. EMPLOYEE BENEFIT OBLIGATIONS

The company is committed to paying contributions equal to 5% of gross pay into the personal pension schemes of permanent staff.

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RUSH HOUSE LTD

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

17. ULTIMATE CONTROLLING PARTY

The company is controlled by its members. No individual member has overall control.

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RUSH HOUSE LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 7,297 5,264
Grants 157,136 63,866
164,433 69,130
Investment income
Bank interest received 324 45
Charitable activities
Rental income 231,353 247,759
Brighter Futures 95,206 153,438
RMBC Adults 225,000 225,000
Flexible Purchase System 134,035 140,677
685,594 766,874
Total incoming resources 850,351 836,019
EXPENDITURE
Charitable activities
Wages 374,650 373,054
Social security 33,820 25,518
Pensions 21,551 25,262
SYHA charges 81,979 63,464
Premises and insurance 49,919 39,020
Other direct costs 667 1,284
Grant expenditure 145,010 101,098
Residents costs 11,052 10,965
Staff travel 1,640 1,404
720,288 641,069
Support costs
Management
Wages 67,661 68,466
Social security 6,593 6,077
Pensions 3,508 3,423
Staff training 1,865 285
Telephone , 5,714 6,668
Postage and stationery 1,897 1,570
Sundries 2,674 2,319
Computer support 11,094 13,335
101,006 102,143
Information technology
Repairsandrenewals 2,559 503

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RUSH HOUSE LTD

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
2023 2022
Information technology i pay
Governance costs
Insurance 13,232 12,527
Accountancy and legal fees 2,808 1,368
Legal fees 420 -
Professional fees 4,402 6,435
20,862 20,330
Total resources expended 844,715 764,045
Netincome 5,636 71,974

This page does not form part of the statutory financial statements

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