Registered Number: 3181695 (England & Wales)
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Financial Statements for the year ended 31 March 2025
RAVENSBOURNE PROJECT
(company Limited by guarantee)
Index to the Financial Statements
for the year ended 31 March 2025
| Page | |
|---|---|
| Legal and Administrative Details | 1 |
| Trustees' Report | 2 |
| Auditors' Report | 9 |
| Statement of Financial Activities | 12 |
| Balance Sheet | 13 |
| Statement of Cash Flows | 14 |
| Notes to the Financial Statements | 15 |
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Legal and Administrative Details
Ravensbourne Project Limited is a registered charity, number 1056481, and company limited by guarantee, number 3181695. The liability of each director is limited to £1 in the event of the company being wound up.
Trustees/Directors Henrii Webb (Chair) Jacqueline Paschoud (Vice Chair) Robert Jones (Operational Director) – resigned on 22 July 2025 Joseph Burchell (Fundraising) Cassim Bakharia (Education) Secretary: Robert Jones - resigned on 22 July 2025 Operational Team: Operational Director Rhys Robotham Registered Manager Siobhann Brady Deputy Manager Caren Lewis
Registered Office 4 Crantock Road Catford London SE6 2QT Principal Bank Lloyds Plc. 9 Market Square Bromley Kent BR1 1ND Auditors Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG Registered Charity Number 1056481 Company Number 3181695 Ofsted Registered Number 1257289 Ofsted Rating Good
1
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Report of the Executive Committee for the Year Ended 31 March 2025
Ravensbourne Project Chair Report: Year in Review and Future Plans
Dear All
I hope this message finds you well. As we reflect on the past year, I am pleased to present the annual report on behalf of the Ravensbourne Project. I’m pleased to say that this has been a positive year. There have been some challenges, and our staff as al ways have risen to and exceeded it. Their hard work and commitment have meant that we are able to confidently look forward to continuing with our work.
Child/Young Person-Centred Mission: Our primary mission throughout the year has been to remain child/young person-centred particularly given the unique challenges. Despite the obstacles, our commitment to supporting families living with complex needs has been unwavering. We have worked closely with the local authority to provide timely and appropriate support, either in person or through telephone communication. The collaborative effort between our team and the families we support has allowed us to continue providing essential services throughout the year.
Adapting to Changing Regulations: The year brought about numerous obstacles and barriers, with changing regulations and guidance adding complexity to our work. Despite these challenges, the dedication of both our staff and the families we serve has been instrumental in overcoming these hurdles. I want to express sincere thanks to everyone involved for their continued support and understanding during these unprecedented times.
Building on Current Services and Exploring New Avenues: Looking ahead to the coming year, my fellow trustees and I are enthusiastic about building on our current services. We are actively exploring new areas of support to meet the evolving needs of our growing community. The caravan in Kent that supports our families to have a wellearned respite break has been a great success, and we would like to build on that. One notable initiative is our investigation into the possibility of expanding our charity to support young adults aged 18 and above. We are exploring ways that our young people can stay within our borough which will present a huge financial saving for LA, keep families together and fund person centred appropriate provision for them.
Appreciation for Trustees, Organizations, and Community Groups: I would like to express our gratitude to all the community groups and organisations that we have worked alongside. This has been extremely invaluable to our work as we all have the same goal. I’d like to say a special thank you to my fellow trustees, whose voluntary dedication has been instrumental in establishing the Ravensbourne Project as a centre of excellence over the years.
In closing, I am filled with gratitude for the collective efforts that have allowed the Ravensbourne Project to endure and even thrive. Your ongoing support is crucial, and we are excited about the opportunities that the future holds for our organisation. Yours sincerely,
Henrii Webb Chair of Trustees Ravensbourne Project
2
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Report of the Executive Committee for the Year Ended 31 March 2025
Introduction:
The Ravensbourne Project is a charitable company limited by guarantee incorporated on 28 March 1996 and registered as a Charity on the same date.
The organisation originates from three well respected charities, the Ravensbourne Toy and Equipment Library, Ravensbourne Link, and the Handen Road Toy Library which together have been established in the London Borough of Lewisham since 1976.
Throughout this time our purpose is to provide services to carers of disabled children and young people that are responsive to their need.
Services:
Day-Care:
Saturday & Sundays weekly 09:00 to 16:00 School Holidays: Monday to Friday 09:00 to 16:00
Overnight Service:
Friday & Saturday 16:00 to 15:30 School Holidays: Monday to Friday 16:00 to 15:30 Parent Support: Monday to Thursday 10:30 to 14:30 Ravensbourne Foundation Training : Monday to Friday 09:00 to 17:00
We offer a wide range of activities within the house and community
Arts & Crafts, Cooking, Computers and iPad’s, Group games, Sports, Life skills and many other activities that the children have requested. all the children have their own activity plan that they have created with the support of the staff.
Booking a service
Parents access the services at the Ravensbourne Project in a planned way. This depends on the outcome of assessment of their needs for short breaks service Lewisham.
They can book a short break once or twice a month at weekends throughout the year. During the school holidays families use the service between one and three times a week depending on their service points. All our opening dates for the year are published in advance on our web site.
Objectives Aims & Activities:
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➢ To support the children young people families within their community
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➢ To support Children Young people to access activities that would not normally be available to them.
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➢ To support children young people to build and develop lifelong friendships and relationships.
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➢ To Offer free training to Parents and Families
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➢ To support families during times of crises.
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➢ To Support the children and families during the transition periods.
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➢ To support the Local Authority and other Organisations with their training needs of the staff.
3
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Report of the Executive Committee for the Year Ended 31 March 2025
Together with families we will have the highest ambition for all Our children and young people. And we will make a positive difference to the lives of children and young people
Our Vision:
Our vision is to work in partnership with families of the children/young people to support them in developing serivces to meet the needs of the children, young people and thier families. Ravensbourne is looking to the futher and establising services that can devlop with the childten and young people to ensure that the organastion is growing and to developing with the children young people we already support, and are working closly with the local athurity and other ogranaistions to ensure we are meeting the needs of the children young people of the futhur.
Feedback from Parents:
“The staff are always welcoming; I know my son is safe when he is there. This allows me to spend time with my other children on weekends”.
“My Daughter is very isolated due to her complex needs (Challenging behaviour) the staff work with her to support her to control her behaviours. I can always talk to someone at the house if I feel things are getting out of control”.
“After one of the open days, I was surprised how much work go on planning for our children” “Since joining the Parents group, I have made new friends with parents that are facing the same challenges in life”
“The Training has really helped me to understand some of my child’s behaviours”.
“I was having difficulty filling in the paperwork for my son. The staff spent time supporting me to understand what I need to do”.
Staffing and Recruitment:
The staff team are made up of qualified staff from NVQ2 to Diploma level 5 in children & young people. All services are overseen by the Business Manager, who is employed on a fulltime basic. All departments have an allocated Manager and senior support workers.
Ravensbourne Project recruitment is in-line (Ofsted Safe Recruitment) staff fulltime or sessional must meet met minimum recruitment standards.
Ravensbourne Project carries out yearly DBS on all staff.
Training and professional development
Training and professional development is one of the key elements to effective practice and effective practice requires committed, enthusiastic and reflective staff with a breadth and depth of knowledge, skills and understanding. We encourage our staff to use their own learning to improve their work with our service users in ways that are sensitive, positive and non-judgemental.
Through initial and on-going training, we strive to continuougly improve our relationships with all our services users. Service users are identified as:
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~ the young people,
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~ their parents and carers,
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~ the wider community
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~ other professionals within and beyond our service.
Volunteers and work experience
The Ravensbourne Project offer opportunities for volunteers and work experience. We have a volunteer policy and believe that volunteers play a role in assisting us to deliver services and increase our capacity by bringing their skills and local knowledge to us.
4
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Report of the Executive Committee for the Year Ended 31 March 2025
Accommodation:
4 Crantock Road is a converted and extended family home set over two floors. On the ground floor there is a sitting room, a dining room, a sensory room, an art activity room and a main office. There is also a kitchen, a laundry, two toilets, and a wet room which is end-suite to the downstairs bedroom.
On the first floor, which can be reached by stairs or lift, the accommodation has been split. On one side there are two bathrooms, one fitted with a "wash and dry" toilet and a specially adapted bath and two bedrooms, and on the other side two single bedrooms.
A hearing loop system has been installed throughout. All the principal rooms have overhead tracks and portable carriages and other rooms have use of the mobile hoist, thus enabling our wheelchair users to be moved with safety and in comfort.
Governing Document
The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and Appointment of Management Committee
The directors of the company are also charity trustees for the purposes of charity law and under the ' company s Articles. They are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are selected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
The Directors may appoint a person who is willing to act as a Director, either to fill a vacancy or as an additional Director, provided the appointment does not cause the number of Directors to exceed any number fixed by or in accordance with the Articles. A Director so appointed shall hold office only until the next following Annual General Meeting and shall not be taken into account in determining Directors who are to retire by rotation.
The traditional business and medical skills are well represented on the Management Committee. In an effort to maintain this broad skill mix, members of the Management Committee are requested to provide a list of their skills (and update each year). In the event of particular skills being lost due to retirement, individuals are approached to offer themselves for election to the Management Committee.
The Management Committee aims to reflect the diverse community with which we work and we welcome applications from all sections of society who have the appropriate skills and experience, but particularly from those communities that are currently under represented. Due to the nature of the organisation much of the charity's work inevitably focuses upon supporting parents/carers of disabled children and young people and the needs of the children and young people themselves.
The charity has through its networks sought to identify parent/carers who would be willing to become members of the management committee and use their own experience to assist the charity in its work. The committee members are sought with a range of backgrounds, fundraising, corporate charity legal/ administration, management in the voluntary sector, strategic development, Social Health and Care, education, disability, and Human Resources. Information about becoming a Trustee is to be found on the website: www.ravensbourneproject.org.uk
5
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Report of the Executive Committee for the Year Ended 31 March 2025
Organisational Structure
The Ravensbourne Project has a Board of Trustees of up to nine members who meet at a minimum, quarterly and are responsible for the strategic direction and policy of the charity.
At present the Committee has 4 members from a variety of professional backgrounds relevant the work of the charity. The Operational Director acts as the Company Secretary and sits on the Committee but has no voting rights.
A scheme of delegation is in place and day to day responsibility for the provision of services rest with the Operational Director.
To facilitate effective operations, the Operational Director has delegated authority approved by the trustees for operational matters including finance, recruitment; short breaks related activity, individual supervision of the staff team and ensuring that the staff teams continue to develop their skills and keep up to date with the latest developments in good working practices.
In addition, the Operational Director is responsible for ensuring that the charity delivers the services specified and the key performance indicators are met.
Financial Review
It has been another stable year in respect of service delivery by the Ravensbourne Project following the previous year's rationalisation of service.
The Project's financial strategy over the past few years has been to invest in staff responsible for direct delivery of services whilst keeping investment in administrative and managerial staff to a minimum. Our objective being to generate a modest profit and establish a balance sheet strong enough to support future investment and a reserve fund approximately equivalent to six months of the Project's running costs.
This objective has now been achieved and the Project's strategy for future years is to invest in delivery, administrative and managerial staff to facilitate enhanced delivery, and diversification of services and increased administrative efficiency.
The Project was able to deliver a positive financial return in the year, due to the prudent financial management of costs, both staff and overheads, allied to support from all service delivery staff.
Principal Revenue and Funding Sources
The Ravensbourne Project continues to generate revenues and to be funded by a number of sources. Revenue for services provided generated by charging the London Borough of Lewisham for both Daycare and Overnight services.
Investment Policy
The funds received by the Project are used short term to provide services resulting in a relatively modest amount available for medium or longer-term investment. Short term surplus funds were placed in a high interest deposit account until required. The continuing improvement to cash flow and an increasing reserve balance may allow a diversification of investment decisions and this matter is under constant review by the Board and management of the Project.
6
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Report of the Executive Committee for the Year Ended 31 March 2025
Reserves Policy
The Project has achieved the objective of establishing a reserve fund approximating to six months of the Ravensbourne Project's running costs. The Project will continue to endeavour to operate at a profit to enable future investment into staff and improved services.
Planning for the future
In so far as it is complimentary to the charity objects, the charity is guided by both local and national policy. All services run by the Ravensbourne Project are run within the legal frameworks describe under each service heading.
The Board remains committed to the provision of short breaks for the families of disabled children and will continue to seek new forms of funding to facilitate the growth and development evident over the past years.
Responsibilities of the Management Committee
The trustees (who are also directors of Ravensbourne Project for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company [and the group] and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Public Benefit Statement
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, Charities and Public Benefit.
7
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Report of the Executive Committee for the Year Ended 31 March 2025
Auditors:
Goldwins Limited Chartered Accountants and Registered Auditor will be proposed for appointment in accordance with Section 485 of the Companies Act 2006.
Approved by the Management Committee on 27 January 2026 and signed on its behalf by:
…………………..
Henrii Webb (Chair)
8
RAVENSBOURNE PROJECT (A Company Limited by Guarantee)
Independent Auditor’s Report to the Members of Ravensbourne Project
Opinion
We have audited the financial statements of Ravensbourne Project (the ‘Charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the Charityʼs affairs as at 31 March 2025 and of its income
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and expenditure for the year then ended; • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
9
RAVENSBOURNE PROJECT
(A Company Limited by Guarantee)
Independent Auditor’s Report to the Members of Ravensbourne Project
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• the information given in the trusteesʼ report (incorporating the directorsʼ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
• the trusteesʼ report (incorporating the directorsʼ report) have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been
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received from branches not visited by us;
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the financial statements are not in agreement with the accounting records and returns;
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certain disclosures of trusteesʼ remuneration specified by law are not made; or
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we have not obtained all the information and explanations necessary for the purposes of our audit.
Responsibilities of the trustees
As explained more fully in the trusteesʼ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charityʼs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorʼs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
Capability of the audit in detecting irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
• We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:
o Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; o Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
10
RAVENSBOURNE PROJECT
(A Company Limited by Guarantee)
Independent Auditor’s Report to the Members of Ravensbourne Project
o The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
- We inspected the minutes of meetings of those charged with governance.
• We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
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We reviewed the financial statement disclosures and tested these to supporting documentation to
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assess compliance with applicable laws and regulations.
• We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
• In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditorʼs report.
Use of our report
This report is made solely to the Charityʼs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charityʼs members those matters we are required to state to them in an auditorʼs 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 Charity and the Charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.
A Ah omy Epton
Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG
Date: 28 January 2026
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Ravensbourne Project (A Company Limited by Guarantee) Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2025
| Note Income from: Donations Charitable activities 3 Investment income 4 Total income Expenditure on: Fundraising Charitable activities 5 Total expenditure Net income/(expenditure) for the year 6 Transfers between funds Net movement in funds Reconciliation of funds: 15 Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted Funds Total funds Total funds 2025 2025 2025 2024 £ £ £ £ 320 - 320 1,919 630,000 - 630,000 630,380 1,201 - 1,201 944 |
|---|---|
| 631,521 - 631,521 633,243 |
|
| 15,825 - 15,825 1,874 716,527 - 716,527 675,166 |
|
| 732,352 - 732,352 677,040 |
|
| (100,831) - (100,831) (43,797) - - - - |
|
| (100,831) - (100,831) (43,797) 471,759 - 471,759 515,556 |
|
| 370,928 - 370,928 471,759 |
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
12
Ravensbourne Project
(A Company Limited by Guarantee)
Balance sheet
As at 31 March 2025
| 2025 | 2025 | 2024 | 2024 | ||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible Assets | 10 | 402,129 | 418,652 | ||
| Current Assets: | |||||
| Debtors | 11 | 270,517 | 157,610 | ||
| Cash at bank and in hand | 4,978 | 146,718 | |||
| 275,495 | 304,328 | ||||
| Liabilities: | |||||
| Creditors: amounts falling due within one year | 12 | (117,161) | (46,522) | ||
| Net current Assets | 158,334 | 257,806 | |||
| Creditors: amounts falling due after one year | 13 | (189,535) ~~—~~ |
(204,699) ~~————~~ |
||
| Total Net Assets | 370,928 | 471,759 | |||
| Funds: | 15 | ||||
| Restricted Funds | - | - | |||
| Unrestricted funds: | 370,928 | 471,759 | |||
| Total Funds | 370,928 | 471,759 |
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the trustees on 27 January 2026 and signed on their behalf by:
Henrii Webb Trustee
Company Registration No. 3181695
The attached notes form part of these financial statements.
13
Ravensbourne Project
(A Company Limited by Guarantee)
Statement of cash flows
For the year ended 31 March 2025
| Note Net cash provided by operating activities 16 Cash flows from investing activities: Interest/ dividends from investments Sale/(Purchase) of fixed assets Cash provided by / (used in) investing activities Cash flows from financing activities: Repayments of borrowing Cash provided by / (used in) financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 17 |
2025 2025 2024 2024 £ £ £ £ (126,390) (191,535) 1,201 944 (1,387) - (186) 944 (15,164) (14,406) (15,164) (14,406) (141,740) (204,997) 146,718 351,715 4,978 146,718 |
2024 £ (191,535) 944 |
|---|---|---|
| (204,997) 351,715 |
||
| 146,718 |
14
Ravensbourne Project (A Company Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025
1 Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
Basis of preparation
The financial statements have been prepared in accordance with 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) – Charities SORP (FRS 102) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
Donations of gifts, services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
15
Ravensbourne Project (A Company Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025
1 Accounting policies (continued)
Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Costs of raising funds comprise of trading costs and the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
-
Expenditure on charitable activities includes the costs of delivering services to further the purposes of the charity and their associated support costs.
-
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and governance costs which support the Trust's charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.
Fixed Assets
Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
| ˜ | Freehold property | over 50 years |
|---|---|---|
| Motor Vehicles | 25% reducing balance method | |
| Caravan | 25% reducing balance method | |
| IT Equipment | Over 2 years. |
Debtors
Trade and other debtors are recognized at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognized where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognized at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortized cost using the effective interest method.
16
Ravensbourne Project (A Company Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025
2 Detailed comparatives for the statement of financial activities
| Income from: Donations Charitable activities Other income Total income Expenditure on: Fundraising Charitable activities Total expenditure Net income / (expenditure) for the year Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2024 2024 2024 £ £ £ 1,919 - 1,919 630,380 - 630,380 944 - 944 |
|---|---|
| 633,243 - 633,243 1,874 - 1,874 675,166 - 675,166 |
|
| 677,040 - 677,040 (43,797) - (43,797) - - - |
|
| (43,797) - (43,797) 515,556 - 515,556 |
|
| 471,759 - 471,759 |
3 Income from charitable activities
| L B Lewisham - Day Respite - Overnights, Weekends and Holidays Holiday Caravan rental income |
Unrestricted Restricted Total Total 2025 2025 2025 2024 £ £ £ £ 630,000 - 630,000 630,000 - - - 380 |
|---|---|
| 630,000 - 630,000 630,380 |
4 Investment income
| Bank interest | Unrestricted Restricted Total Total 2025 2025 2025 2024 £ £ £ £ 1,201 - 1,201 944 |
|---|---|
| 1,201 - 1,201 944 |
17
Ravensbourne Project (A Company Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025
5 Analysis of expenditure
| Basis of allocation Fundraising Nursery Day Respite - Overnight, Weekends and Holidays Support Costs Governance 2025 Total 2024 Total £ £ £ £ £ £ £ Salaries and NI Direct - 63,135 336,722 21,045 - 420,902 376,132 Activities Costs Usage - 3,152 16,811 1,051 - 21,014 6,312 Agency staff Direct - - 134,727 - - 134,727 134,475 Audit Fees Usage - - - - 7,260 7,260 6,900 Bank Charges and Loan Interest Usage - 1,907 10,172 636 - 12,715 13,493 Bookkeeping and Payroll Services Usage - 476 2,540 159 - 3,175 2,464 Cleaning, Maintenance and storage Usage - 3,766 20,086 1,256 - 25,108 28,876 Computer running and software costs Usage - 421 2,246 141 - 2,808 2,227 Depreciation Usage - 2,686 14,328 896 - 17,910 20,738 Equipment Hire and Rental Usage - 967 5,155 322 - 6,444 4,275 Fundraising costs Direct 745 - - - - 745 29 General Expenses Usage - 167 888 55 - 1,110 3,749 Heat, Light and Power Usage - 1,453 7,749 484 - 9,686 11,470 Holiday Home Operating Costs Direct 15,080 - - - - 15,080 1,845 Insurance Usage - 43 229 14 - 286 3,736 Printing, Postage and Stationery Usage - - - - - - 5,074 Regulatory Visits and fees Direct - 2,872 15,316 - - 18,188 10,172 Rates Usage - 101 540 34 - 675 1,793 Staff Welfare, training and recruitment Usage - 900 4,798 299 - 5,997 10,337 Telephone, Fax and Internet Usage - 3,820 20,374 1,274 - 25,468 32,054 Travelling, Motor Expenses and Fuel Usage - 407 2,169 135 - 2,711 559 Website costs Usage - 51 274 18 - 343 330 15,825 86,324 595,124 27,819 7,260 732,352 677,040 Governance costs - 764 6,496 - (7,260) Support Costs - 2,929 24,890 (27,819) - Total 2025 15,825 90,017 626,510 - - 732,352 Total 2024 1,874 83,632 591,534 - - 677,040 |
Basis of allocation Fundraising Nursery Day Respite - Overnight, Weekends and Holidays Support Costs Governance 2025 Total 2024 Total £ £ £ £ £ £ £ Salaries and NI Direct - 63,135 336,722 21,045 - 420,902 376,132 Activities Costs Usage - 3,152 16,811 1,051 - 21,014 6,312 Agency staff Direct - - 134,727 - - 134,727 134,475 Audit Fees Usage - - - - 7,260 7,260 6,900 Bank Charges and Loan Interest Usage - 1,907 10,172 636 - 12,715 13,493 Bookkeeping and Payroll Services Usage - 476 2,540 159 - 3,175 2,464 Cleaning, Maintenance and storage Usage - 3,766 20,086 1,256 - 25,108 28,876 Computer running and software costs Usage - 421 2,246 141 - 2,808 2,227 Depreciation Usage - 2,686 14,328 896 - 17,910 20,738 Equipment Hire and Rental Usage - 967 5,155 322 - 6,444 4,275 Fundraising costs Direct 745 - - - - 745 29 General Expenses Usage - 167 888 55 - 1,110 3,749 Heat, Light and Power Usage - 1,453 7,749 484 - 9,686 11,470 Holiday Home Operating Costs Direct 15,080 - - - - 15,080 1,845 Insurance Usage - 43 229 14 - 286 3,736 Printing, Postage and Stationery Usage - - - - - - 5,074 Regulatory Visits and fees Direct - 2,872 15,316 - - 18,188 10,172 Rates Usage - 101 540 34 - 675 1,793 Staff Welfare, training and recruitment Usage - 900 4,798 299 - 5,997 10,337 Telephone, Fax and Internet Usage - 3,820 20,374 1,274 - 25,468 32,054 Travelling, Motor Expenses and Fuel Usage - 407 2,169 135 - 2,711 559 Website costs Usage - 51 274 18 - 343 330 15,825 86,324 595,124 27,819 7,260 732,352 677,040 Governance costs - 764 6,496 - (7,260) Support Costs - 2,929 24,890 (27,819) - Total 2025 15,825 90,017 626,510 - - 732,352 Total 2024 1,874 83,632 591,534 - - 677,040 |
Basis of allocation Fundraising Nursery Day Respite - Overnight, Weekends and Holidays Support Costs Governance 2025 Total 2024 Total £ £ £ £ £ £ £ Salaries and NI Direct - 63,135 336,722 21,045 - 420,902 376,132 Activities Costs Usage - 3,152 16,811 1,051 - 21,014 6,312 Agency staff Direct - - 134,727 - - 134,727 134,475 Audit Fees Usage - - - - 7,260 7,260 6,900 Bank Charges and Loan Interest Usage - 1,907 10,172 636 - 12,715 13,493 Bookkeeping and Payroll Services Usage - 476 2,540 159 - 3,175 2,464 Cleaning, Maintenance and storage Usage - 3,766 20,086 1,256 - 25,108 28,876 Computer running and software costs Usage - 421 2,246 141 - 2,808 2,227 Depreciation Usage - 2,686 14,328 896 - 17,910 20,738 Equipment Hire and Rental Usage - 967 5,155 322 - 6,444 4,275 Fundraising costs Direct 745 - - - - 745 29 General Expenses Usage - 167 888 55 - 1,110 3,749 Heat, Light and Power Usage - 1,453 7,749 484 - 9,686 11,470 Holiday Home Operating Costs Direct 15,080 - - - - 15,080 1,845 Insurance Usage - 43 229 14 - 286 3,736 Printing, Postage and Stationery Usage - - - - - - 5,074 Regulatory Visits and fees Direct - 2,872 15,316 - - 18,188 10,172 Rates Usage - 101 540 34 - 675 1,793 Staff Welfare, training and recruitment Usage - 900 4,798 299 - 5,997 10,337 Telephone, Fax and Internet Usage - 3,820 20,374 1,274 - 25,468 32,054 Travelling, Motor Expenses and Fuel Usage - 407 2,169 135 - 2,711 559 Website costs Usage - 51 274 18 - 343 330 15,825 86,324 595,124 27,819 7,260 732,352 677,040 Governance costs - 764 6,496 - (7,260) Support Costs - 2,929 24,890 (27,819) - Total 2025 15,825 90,017 626,510 - - 732,352 Total 2024 1,874 83,632 591,534 - - 677,040 |
|---|---|---|
| 15,825 86,324 595,124 27,819 7,260 732,352 - 764 6,496 - (7,260) - 2,929 24,890 (27,819) - |
677,040 | |
| 15,825 90,017 626,510 - - 732,352 |
||
| 1,874 83,632 591,534 - - |
||
| 677,040 |
Usage cost is allocated based on staff time spent on a fund. Direct costs have been allocated based on actual time spent on the activities. All of the above expenditure was unrestricted (2024: all unrestricted).
18
Ravensbourne Project
(A Company Limited by Guarantee)
Notes to the financial statements
For the year ended 31 March 2025
| 6 Net income / (expenditure) for the year This is stated after charging: Depreciation Audit fees |
2025 2024 £ £ 17,910 20,738 5,900 5,750 |
|---|---|
7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Staff costs were as follows:
| Staff costs were as follows: | |
|---|---|
| Salaries and wages Social security costs Employer’s contribution to defined contribution pension schemes |
2025 2024 £ £ 384,498 339,728 26,255 26,255 10,149 10,149 |
| 420,902 376,132 |
The number of employees whose total employee benefits (excluding employer's national insurance and pension costs) for the reporting period amounting to over £60,000 were as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £70,000 | - £79,999 | 1 | 1 |
The total employee benefits including pension contributions of the key management personnel were £85,060 (2024: £86,837).
The average number of employees during the period was 17 (2024: 17).
8 Trustee remuneration & related party transactions
One of the trustees Robert Jones received remuneration of £73,139 (2024: £74,766) for the services provided as an operational director. The charity paid £3,082 (2024: £3,009) pension contributions for Robert Jones during the year.
Jessica Webb, who is the daughter of one of the trustees, received remuneration of £8,505 working as the social media curator for the charity. The charity paid £68 pension contributions for Jessica Webb during the year.
No trustee or other person related to the charitable company has any personal interest in any contract or transaction entered into by the charitable company during the year (2024: none).
There were no other related party transactions during the year (2024: none)
9 Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
19
Ravensbourne Project
(A Company Limited by Guarantee)
Notes to the financial statements
For the year ended 31 March 2025
10 Tangible fixed assets
| Freehold Property |
Caravan | Fixtures, Fittings and Equipment |
IT Equipment |
Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Cost | |||||
| Cost brought forward | 545,645 | 38,299 | 7,548 | 2,459 | 593,951 |
| Additions | - | - | 288 | 1,099 | 1,387 |
| Disposals | - | - | - | - | - |
| Cost carried forward | 545,645 | 38,299 | 7,836 | 3,558 | 595,338 |
| Depreciation | |||||
| Depreciation brought forward | 152,782 | 16,756 | 3,302 | 2,459 | 175,299 |
| Charge for the year | 10,913 | 5,386 | 1,062 | 550 | 17,910 |
| Depreciation carried forward | 163,695 | 22,142 | 4,364 | 3,009 | 193,209 |
| Net book value carried forward | 381,950 | 16,157 | 3,473 | 550 | 402,129 |
| Net book value brought forward | 392,863 | 21,543 | 4,246 | - | 418,652 |
| 11 | Debtors | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fee income receivable | 270,100 | 157,600 | |||
| Other debtors | 417 | 10 | |||
| 270,517 | 157,610 | ||||
| 12 | Creditors: amounts falling due within one year | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Bank loans and overdrafts | 94,414 | 26,214 | |||
| Other creditors | 2,543 | 4,219 | |||
| Accruals | 8,140 | 7,960 | |||
| Social security | 12,064 | 8,129 | |||
| 117,161 | 46,522 | ||||
| 13 | Creditors:- Amounts falling due over one year | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Bank loans | 189,535 | 204,699 | |||
| 189,535 | 204,699 | ||||
| 14 | Analysis of net assets between funds | ||||
| Unrestricte | Restricted | Total Funds | Total Funds | ||
| d Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Tangible fixed assets | 402,129 | 402,129 | 418,652 | ||
| Current assets | 275,495 | - | 275,495 | 304,328 | |
| Current liabilities | (117,161) | - | (117,161) | (46,522) | |
| Non-current liabilities | (189,535) | - | (189,535) | (204,699) | |
| Net assets at the year end | 370,928 | - | 370,928 | 471,759 |
20
Ravensbourne Project
(A Company Limited by Guarantee)
Notes to the financial statements
For the year ended 31 March 2025
15 Movements in funds
| At the start of the year Income Expenditure and losses Transfers At the end of the year £ £ £ £ £ Unrestricted funds: General funds 471,759 631,521 (732,352) - 370,928 Total unrestricted funds 471,759 631,521 (732,352) - 370,928 Total funds 471,759 631,521 (732,352) - 370,928 16 Reconciliation of net income / (expenditure) to net cash flow from operating activities 2025 2024 £ £ Net income for the reporting period (100,831) (43,797) (as per the statement of financial activities) Depreciation 17,910 20,738 Interest, rent and dividends from investments (1,201) (944) (Increase)/ decrease in debtors (112,907) (157,610) Increase/ (decrease) in creditors 70,639 (9,922) Net cash provided by / (used in) operating activities (126,390) (191,535) 17 Analysis of cash and cash equivalents At the start of the year Cash flows At the end of the year £ £ £ Cash at bank and in hand 146,718 (141,740) 4,978 Total cash and cash equivalents 146,718 (141,740) 4,978 Analysis of cash and cash equivalents (prior year) At the start of the year Cash flows At the end of the year £ £ £ Cash at bank and in hand 351,715 (204,997) 146,718 Total cash and cash equivalents 351,715 (204,997) 146,718 |
At the start of the year Income Expenditure and losses Transfers At the end of the year £ £ £ £ £ 471,759 631,521 (732,352) - 370,928 |
At the start of the year Income Expenditure and losses Transfers At the end of the year £ £ £ £ £ 471,759 631,521 (732,352) - 370,928 |
|---|---|---|
| 471,759 631,521 |
(732,352) - 370,928 |
|
| 471,759 631,521 |
(732,352) - 370,928 |
|
| flow from operating activities 2025 2024 £ £ (100,831) (43,797) 17,910 20,738 (1,201) (944) (112,907) (157,610) 70,639 (9,922) (126,390) (191,535) At the start of the year Cash flows At the end of the year £ £ £ 146,718 (141,740) 4,978 |
||
| 146,718 (141,740) 4,978 |
||
| At the start of the year Cash flows At the end of the year £ £ £ 351,715 (204,997) 146,718 |
||
| 351,715 (204,997) 146,718 |
21
Ravensbourne Project (A Company Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025
18 Previous reporting period information
18a Analysis of expenditure of the previous reporting period
| Day Respite - | |||||||
|---|---|---|---|---|---|---|---|
| Overnight, | |||||||
| Basis of | Weekends and | Support | 2024 | ||||
| allocation | Fundraising | Nursery | Holidays | Costs | Governance | Total | |
| £ | £ | £ | £ | £ | £ | ||
| Salaries and NI | Direct | - | 56,420 | 300,906 | 18,806 | - | 376,132 |
| Activities Costs | Usage | - | 947 | 5,050 | 315 | - | 6,312 |
| Agency staff | Direct | - | - | 134,475 | - | - | 134,475 |
| Audit Fees | Usage | - | - | - | - | 6,900 | 6,900 |
| Bank Charges and Loan Interest | Usage | - | 2,024 | 10,794 | 675 | - | 13,493 |
| Bookkeeping and Payroll Services | Usage | - | 370 | 1,971 | 123 | - | 2,464 |
| Charitable donations | Direct | - | - | - | - | - | |
| Cleaning, Maintenance and storage | Usage | - | 4,331 | 23,101 | 1,444 | - | 28,876 |
| Clothing, Food and Subsistence | Usage | - | - | - | - | - | - |
| Computer running and software costs | Usage | - | 334 | 1,782 | 111 | - | 2,227 |
| Depreciation | Usage | - | 3,111 | 16,590 | 1,037 | - | 20,738 |
| Equipment Hire and Rental | Usage | - | 641 | 3,420 | 214 | - | 4,275 |
| Fundraising costs | Direct | 29 | - | - | - | - | 29 |
| General Expenses | Usage | - | 562 | 2,999 | 188 | - | 3,749 |
| Heat, Light and Power | Usage | - | 1,721 | 9,176 | 573 | - | 11,470 |
| Holiday Home Operating Costs | Direct | 1,845 | - | - | - | - | 1,845 |
| Legal and professional fees | Usage | - | - | - | - | - | - |
| Insurance | Usage | - | 560 | 2,989 | 187 | - | 3,736 |
| Printing, Postage and Stationery | Usage | - | 761 | 4,059 | 254 | - | 5,074 |
| Regulatory Visits and fees | Direct | - | 1,606 | 8,566 | - | - | 10,172 |
| Rates | Usage | - | 269 | 1,434 | 90 | - | 1,793 |
| Staff Welfare, training and recruitment | Usage | - | 1,551 | 8,270 | 516 | - | 10,337 |
| Telephone, Fax and Internet | Usage | - | 4,808 | 25,643 | 1,603 | - | 32,054 |
| Travelling, Motor Expenses and Fuel | Usage | - | 84 | 447 | 28 | - | 559 |
| Trustees Expenses | Usage | - | - | - | - | - | - |
| Website costs | Usage | - | 50 | 264 | 16 | - | 330 |
| 1,874 | 80,150 | 561,936 | 26,180 | 6,900 | 677,040 | ||
| Governance costs | - | 726 | 6,174 | - | (6,900) | ||
| Support Costs | - | 2,756 | 23,424 | (26,180) | - | ||
| Total 2024 | 1,874 | 83,632 | 591,534 | - | - | 677,040 |
18b Analysis of net assets between funds of the previous reporting period
| Analysis of net assets between funds of the previous reporting period | |
|---|---|
| Tangible fixed assets Current assets Current liabilities Non-current liabilities Net assets at the year end |
Unrestricted Funds Restricted Funds Total Funds 2024 £ £ £ 418,652 - 418,652 304,328 - 304,328 (46,522) - (46,522) (204,699) - (204,699) |
| 471,759 - 471,759 |
18c Details of movements in funds during the previous reporting period
| Unrestricted funds: General funds Total unrestricted funds Total funds |
At the start of the year Income Expenditure Transfers At the end of the year £ £ £ £ £ 515,556 633,243 (677,040) - 471,759 |
|---|---|
| 515,556 633,243 (677,040) - 471,759 |
|
| 515,556 633,243 (677,040) - 471,759 |
22