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2024-03-31-accounts

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

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RUSH HOUSE LTD

RUSH HOUSE LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the 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
Detailed Statement of Financial Activities 19 to 20

RUSH HOUSE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 2024. 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. More recently Rush has been through the registration process for becoming an OFSTED registered provider of supported accommodation.

Page 1

RUSH HOUSE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 25 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 the care of the local authority. Over 150 people accessed support from Rush House over the period April 2023 to March 2024. 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. During 2023, this contract was put out for tender by the local authority, Roundabout and Rush were successful in securing it again and continue to work together.

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.

Page 2

RUSH HOUSE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 23/24, some of the income that we received in 23/24 was funding for the following financial year 24/25. Our excess funds were made up of our reserves and of deferred income. Our reserves have been reviewed and still include three months running costs taking into consideration the cost of living increases. We have also been looking at options to invest some of our reserves into buying properties. 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.

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.

Page 3

RUSH HOUSE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FUTURE PLANS

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

Progress of the strategic plan is reviewed quarterly.

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:

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.

Page 4

RUSH HOUSE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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

A Heppenstall Mrs K Shaw D J Homer N Knowles Mrs R M Martin (appointed 29.11.2023) C S Jones (appointed 17.7.2024)

Company Secretary

Ms S Miller

Independent Examiner

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

Chief Executive Office

Rachael Wilson

Approved by order of the board of trustees on 30 September 2024 and signed on its behalf by:

N Knowles - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RUSH HOUSE LTD

Independent examiner's report to the trustees of Rush House Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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, I 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 I 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. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. 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

  3. 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)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jane Mellor

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

30 September 2024

Page 6

RUSH HOUSE LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
105,997
Charitable activities
4
Rush House Project
597,760
Investment income
3
1,925
Total
705,682
EXPENDITURE ON
Charitable activities
5
Rush House Project
776,949
NET INCOME/(EXPENDITURE)
(71,267)
RECONCILIATION OF FUNDS
Total funds brought forward
242,632
TOTAL FUNDS CARRIED FORWARD
171,365		 Restricted
funds
£
4,800
108,419
-
113,219
113,219
-
-
-		 2024
Total
funds
£
110,797
706,179
1,925
818,901
890,168
(71,267)
242,632
171,365		 2023
Total
funds
£
164,433
685,594
324
850,351
844,715
5,636
236,996
242,632

The notes form part of these financial statements

Page 7

RUSH HOUSE LTD

BALANCE SHEET 31 MARCH 2024

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
11
29,106
Cash at bank and in hand
251,833
280,939
CREDITORS
Amounts falling due within one year
12
(27,460)
NET CURRENT ASSETS
253,479
TOTAL ASSETS LESS CURRENT LIABILITIES
253,479
ACCRUALS AND DEFERRED INCOME
13
(82,114)
NET ASSETS
171,365
FUNDS
14
Unrestricted funds
TOTAL FUNDS		 Restricted
funds
£
-
32,788
32,788
-
32,788
32,788
(32,788)
-		 2024
Total
funds
£
29,106
284,621
313,727
(27,460)
286,267
286,267
(114,902)
171,365
171,365
171,365		 2023
Total
funds
£
9,278
371,518
380,796
(19,169)
361,627
361,627
(118,995)
242,632
242,632
242,632

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

continued...

RUSH HOUSE LTD

BALANCE SHEET - continued 31 MARCH 2024

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 30 September 2024 and were signed on its behalf by:

N Knowles - Trustee

D J Homer - Trustee

The notes form part of these financial statements

Page 9

RUSH HOUSE LTD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
(86,897)
(86,897)
(86,897)
371,518
284,621		 2023
£
(27,675)
(27,675)
(27,675)
399,193
371,518

The notes form part of these financial statements

Page 10

RUSH HOUSE LTD

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

1.
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM
Net (expenditure)/income for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Increase in debtors
Increase/(decrease) in creditors
Net cash used in operations		 OPERATING ACTIVITIES
2024
2023
£
£
(71,267)
5,636
(19,828)
(1,852)
4,198
(31,459)
(86,897)
(27,675)

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 371,518 (86,897) 284,621
371,518 (86,897) 284,621
Total 371,518 (86,897) 284,621

The notes form part of these financial statements

Page 11

RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

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

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.

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.

Page 12

continued...

RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Other Small Grants
The Abstract Foundation
Other grants
3.
INVESTMENT INCOME
Bank interest received
4.
INCOME FROM CHARITABLE ACTIVITIES
Rental income
Brighter Futures
RMBC Adults
Flexible Purchase System
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Rush House Project
742,095		 2024
£
4,887
105,910
110,797
2024
£
-
46,093
59,817
105,910
2024
£
1,925
2024
Rush
House
Project
£
235,738
108,419
231,830
130,192
706,179
Support
costs (see
note 7)
£
148,073		 2023
£
7,297
157,136
164,433
2023
£
40,155
84,000
32,981
157,136
2023
£
324
2023
Total
activities
£
231,353
95,206
225,000
134,035
685,594
Totals
£
890,168

Page 13

continued...

RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

2024 2023
£ £
Staff costs 434,926 430,021
SYHA charges 91,723 81,979
Premises and insurance 98,425 49,919
Other direct costs 1,157 667
Grant expenditure 102,371 145,010
Residents costs 10,479 11,052
Staff travel 3,014 1,640
742,095 720,288
SUPPORT COSTS
Information Governance
Management technology costs Totals
£ £ £ £
Rush House Project 123,029 480 24,564 148,073

7. SUPPORT COSTS

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Direct Charitable
Senior Management
Business Support		 2024
£
450,076
40,553
23,775
514,404
2024
30
1
4
35		 2023
£
442,311
40,413
25,059
507,783
2023
23
1
3
27

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

Page 14

continued...

RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

10. TANGIBLE FIXED ASSETS

COST
At 1 April 2023 and 31 March 2024
DEPRECIATION
At 1 April 2023 and 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accrued expenses
13.
ACCRUALS AND DEFERRED INCOME
Accruals and deferred income
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
General
Brighter Futures
TOTAL FUNDS		 At 1.4.23
£
242,632
-
-
-
242,632		 2024
£
28,181
925
29,106
2024
£
13,583
7,590
6,287
27,460
2024
£
114,902
Net
movement
in funds
£
(71,267)
4,799
(4,799)
-
(71,267)		 Fixtures
and
fittings
£
20,745
20,745
-
-
2023
£
8,438
840
9,278
2023
£
3,157
9,734
6,278
19,169
2023
£
118,995
At
31.3.24
£
171,365
4,799
(4,799)
-
171,365

Page 15

continued...

RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 705,682 (776,949) (71,267)
Restricted funds
General 4,799 - 4,799
Brighter Futures 108,420 (113,219) (4,799)
113,219 (113,219) -
TOTAL FUNDS 818,901 (890,168) (71,267)
Comparatives for 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
TOTAL FUNDS 236,996 5,636 242,632
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
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 73,136 (73,136) -
Brighter Futures 95,206 (95,206) -
168,342 (168,342) -
TOTAL FUNDS 850,351 (844,715) 5,636

Page 16

continued...

RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
General
Brighter Futures
TOTAL FUNDS		 At 1.4.22
£
236,996
-
-
-
236,996		 Net
movement
in funds
£
(65,631)
4,799
(4,799)
-
(65,631)		 At
31.3.24
£
171,365
4,799
(4,799)
-
171,365

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 1,303,691 (1,369,322) (65,631)
The Abstract Foundation 84,000 (84,000) -
1,387,691 (1,453,322) (65,631)
Restricted funds
General 77,935 (73,136) 4,799
Brighter Futures 203,626 (208,425) (4,799)
281,561 (281,561) -
TOTAL FUNDS 1,669,252 (1,734,883) (65,631)

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.

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 17

continued...

RUSH HOUSE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

17. ULTIMATE CONTROLLING PARTY

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

Page 18

RUSH HOUSE LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Investment income
Bank interest received
Charitable activities
Rental income
Brighter Futures
RMBC Adults
Flexible Purchase System
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
SYHA charges
Premises and insurance
Other direct costs
Grant expenditure
Residents costs
Staff travel
Support costs
Management
Wages
Social security
Pensions
Staff training
Telephone
Postage and stationery
Sundries
Computer support
Information technology
Repairs and renewals		 2024
£
4,887
105,910
110,797
1,925
235,738
108,419
231,830
130,192
706,179
818,901
380,203
34,358
20,365
91,723
98,425
1,157
102,371
10,479
3,014
742,095
69,873
6,195
3,410
16,477
6,624
3,446
2,341
14,663
123,029
480		 2023
£
7,297
157,136
164,433
324
231,353
95,206
225,000
134,035
685,594
850,351
374,650
33,820
21,551
81,979
49,919
667
145,010
11,052
1,640
720,288
67,661
6,593
3,508
1,865
5,714
1,897
2,674
11,094
101,006
2,559

This page does not form part of the statutory financial statements

Page 19

RUSH HOUSE LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
£ £
Information technology
Governance costs
Insurance 14,597 13,232
Accountancy and legal fees 3,018 2,808
Legal fees - 420
Professional fees 6,949 4,402
24,564 20,862
Total resources expended 890,168 844,715
Net (expenditure)/income (71,267) 5,636

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