Registered Company Number: 032196661England and Wales) Registered Charity Number: 1056625 Report of the Trustees and Financial Statements for the Year Ended 31st March 2024 for Relate Severn and Wye Jr, Providing relationship counselling across thie counties of Herefordshire, Worcestershire, and Gloucestershire.
Rolato Sev•rn and Wy• (prevlously known as Relat• Worc•8tershlr•) Contents Reference and Administrative Details Report of the Trustees Independent Examiners Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-18 Detailed Statement of Financial Activities 19~20 OUR VISION •Thriving relationships in every part of life OUR MISSION .To provide accessible support in the ways people need IL so everyone can enjoy thriving relationships OUR VALUES .Accessibility we believe in the possibility of every individual to have thriving relationships. Irrespective of their background or identlty .Continuous Improvement we are committed to staying ahead of the curve, anticlpating the evoLving relationship and welLbelng needs of our communlties. and Continuously innovatin¢ We ask questions. seek feedback, and adapt to ensure we remain significant. .Safety at the heart of our work lies a commitment to safeguarding every individuaLs wellbeing, dignity and rights. We emphasise the paramount importance of consent. creating an environment where personal boundaries are respected and upheld. .ExceLLence with a foundation rooted in expert knowledge and deep skills. we measure our success by the tangible, transformative outcomes we achieve. Every initiative is undertaken with a commitment to excellence and making a Lasting difference.
Relat• Sev•rn and Wye (prevlously kn¢)wn as Rolats Worc•stershlrn) Reference and Administrative Details for the Year Ended 31 March 2024 Trustees C Temple Cox B Coleman (resigned 2911112023) G Devries J Hall (Chair) D Kennedy C A Parson NJShaw J E Fuggle (appointed 28/06/2023) K Kehoe (appointed 29111/2023) P Jones (appointed 27103124) J Olamide (Treasurer) (appointed 27/03124) Company Secretary M Sharman (appointed 29/11/23) Registered Office 19 Castle Street Worcester WR13AD Registered Company Number 03219666 (England and WaLes) Registered Charity Number 1056625 Independent Examiner The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester WR11RU Chief Executive M Sharman
Relate S•vern and Wye (proviously known as Relat• Wor¢estsrghire) Report of the Trustees For the year ended 31st 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 31st 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 The objects and principaL activities of the charity are to support couple and family reLationships by offering relationship education and counseliing. The charity's purpose as set out in the objects contained in the memorandum of association of the company are to: (a) educate the public concerning the benefits of secure couple reLationships. marriage, and family Life to improve the emotionaL sexuaL. and spiritual well-being of individuals which is derived from committed relationships. (b) seek to enhance the good health. both mentaL and physical, of adults and children by. increasing pubLic awareness of the benefit of committed couple relationships. marriage. and family Life. and working to prevent poverty, hardship and distress caused by the breakdown of such reLationships. providing counselling. advice, education. guidance and relief to adults andlor children in relation to any aspect of contemporary life or work which; may prejudlce their physical or mental weLL-being; or influence, either directly or indirectly. their present or future famiLy or couple relationship; advance citizenship and community development: relieve those in need by ason of youth. age, iLI-health. disability, financial hardship or other disadvantsge; promote research into aLL the above objects and to make the results available to the public. The Trustees review their aims and objectives each year. In particular. the Trustees have considered how planned activities WILL contribute to the objectives and aims. Relate Severn and Wye delivers seniices across the three counties of Herefordshire. Worcestershire and Gloucestershire and charges a fee to contribute towards the Costs of providing counselling. CLients pay what they can afft>rd as welL as bursary schemes and benevoLent contracts for subsidised or free services. Relate is gratefuL to those charitabLe trusts who support the bursary scheme. Significant Artivities The charity's main activities are the provision of ¢ounselLing services and training to individuals. coupLes. families, and young people. Public Benefft The Trustees confirm that they have complied with the duty in Section 17(5) of the 2011 Charitles Act to have due regard to guidance on public benefit published by the Charity Commission when reviewing the charSty'S objectives and in pLannlng future activities.
Retate S•vern and Wye (previously known as Relate Worc•stershir•) Report of the Trustees For the year ended 31st March 2024 Athievement and Performance Charltable Artivities The expertise of Relate trained counseLLors is offered to the public primariLy through the Worcester Centre and rented premises at other Locations across the counties of Herefordshire, Worcestershire and Gloucestershlre. During the year we increased our reach to cover a broader area for face-to-face counselLing to incLude towns from Kidderminster in the North West to Stow-on-the-wold in the South East of our territory. Most of our work is with private clients and couples. However. the Trustees have determined tha( whilst the ongoing counselling of individual and coupLe clients form the strategic backbone of the charity's activities, ReLate Severn and Wye is well pLaced to play its part in impLementing improvements to family and young people's well-being through government and iocaL initiatives. This year our counseLlors worked with 907 clients and delivered 3.794 sessions of relationship counseLLing - largely in person but also by Ivebcam or telephone. at ti mes most convenient to our clients. We are proud of the quality of the service we provide in difficult circumstances and believe that we make a real difference to many lives. Our overall client satisfaction score is 8.9 out of10. We continue to provide subsidised counselling to clients depending on their household income. This year we have subsidised 1,776 (59%) of sessions. providing clients with access to support that may otherwise have been unavailable to them. The charitys bursary scheme continues to be of significant benefit to those Clients suffering severe financial hardship and both Trustees and management are agreed that this provision should continue. We undertook 13% more ¢ounseLLing sessions than the previous year and demand for our ¢ounseLling services continues to be high. particularly as NHS waiting Lists grow in our area. Our responses to this are to maximise the number of client sessions available with our existing resources as welL as to grow our capacity going forward. We have been delighted to work the Droitwich, OmbersLey and Rurals Primary Care Network to provide counseLLing to patients referred from their GPS. Trustees have continued to invest in the training of new Relate counsellors by sponsoring the tuition fees of Relate courses, as well as utilising grant funding from our generous supporters. This is an important part of strategic business planning to build capacity and provide succession pLanning for our workforce. We currently have six counsellors undertaking the Relate level 5 training course who are on placement within our Centre. and we pian to continue this annuaLIy. Personnel Our service is reliant on an engaged and enthusiastic work force. All members of our counselling team are highly qualified and are registered annually on the Relate National Practitioner Register. We are e4er grateful to them. to our administrative team, and to our voLunteers for the provision of a safe. high quality, client focused counseliing service. We welcome too our latest intake of newly trained counsellors, recruited so we Can expand our services and improve our reach into the community. Thanks must aLso go to our CEO, Maxlne Sharman for her tireless efforts to grow and improve the charity. The Trustees fully support her continuing efforts to ensure the charity's future and successfuL provision of services.
Relate Severn and Wye (prevlously known as Relat• Worcestsrshlrn) Report of the Trustees For the year ended 31st March 2024 In addition, Relate Severn and Wye is very fortunate in the number of volunteers who provide counselLing services and reception cover free of charge. The volunteers make a much-valued contribution to the charity's operations, and we thank them for their support. The Trustee team meet monthly to react to changing circumstances. making strategic plans to safeguard our future operations. We have strengthened the Board this year with new members who have additional skiLLs to help us through these changing times. We have also increased our diversity of Trustees with their ages spanning six decades. I would like to take this opportunity to thank my Trustee colleagues past and present for alL their work and wouLd like to make a speciaL mention of Benedict CoLeman who retired this year. after more than a de¢ade of loyal service. nanckl Review The charity remains in a strong position. TotaL funds as at 31 March 2024 being £93,629, compared to £107,567 as at 31 March 2023. Total income in the 12 month5 to March 2024 was £281.128 {2023: £249.361) split £227.581 of unrestricted income and £53.547 of restricted income. The £31.767 increase in total income since 2023 was largely as a result of a rise in counselting fee income received of £46.TTO, although this was partly offset by a redurtion in grant income of £25.867. Total expenditure in the year ended March 2024 was £294,329 (2023: £255.115) split £235,282 of unrestricted expenditure and £59,047 of restricted expenditure. The increase in expenditure through the year refLects the increased number of counselling sessions provided and the return to fa¢e-to-fa¢e sessions in more outreach sessions, following the expansion of the charity into Gloucestershire. The overall result for the year is a net deficit of £13,938 (2023: £8,382). Princlpal Fundlng Sources The principal funding sources during the year were fees charged to ctients for counselling seNices and service contracts for counselling services provided. In addition, the charity is very grateful for the support of local and national grant-making trusts. In particular. the support and generosity of the Sanctuary Group for the provision of the Worcester premises at a peppercorn rent Reserves Pollcy The strategy agreed by the Trustees is to maintain an unrestricted reserve fund equivalent to approximatelythree months, expenditure. The charity's general unrestricted reserve5. excluding fixed assets. was £53.987 as at 31 March 2024 (2023: £50.077), representing approximately 2.7 months of unrestricted expenditure. The stated strategy has therefore not quite been achieved this year. Included in unrestricted funds is a designated Winding Up Fund in order to ring fence funds to cover the cost of redundancy and lease termination costs in the event of the charity winding up. The balance of this designated fund {incLuding an investment valued at £39.642) was £51.790 (2023: £51,790). Total unrestricted reserves as at 31 March 2024 were £93,629 (2023: £102,067) to include an investment valued at £39.642 at the year end. Total restricted funds as at 31 March 2024 were £niL (2,023: £5.500).
Relate Swern and Wye (prwlously known as Relate Worcestershlr•) Report of the Trustees For the year ended 31st March 2024 Future Developments The Trustees have determined through the annual planning process. that the charity should continue to aim for breakeven. However. it is most important that our services be open to all and that we continue to invest in additionaL ¢ounseLling capacity. Having established a strong platform for future deveLopment. there are plans to train more new counsellors and increase our capacity in providing a much-needed service across Worcestershire. Herefordshire and Gioucestershire. I conclude this report by giving thanks to my fellow Trustees for their support and advice and on behaLf of the Trustees. I wish to thank all our counsellors. supervisors. trainers, administration colleagues and voLunteers. without whom the Charity would be unable to function. Strurture, Governance and Management Governing Document The charity is controlled by its governing documen( the Memorandum & Articles of Association dated 5 June 1996. as amended on 22 October 2008, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Recrultment and Appointment of New Tne5 Officers and elected members are nominated and voted at annuaigeneral meetings. AIITrustees are subje¢t to re-election at each annuaL general meeting and can serve a maximum of eight consecutive years. The Executive shaLL consist of a minimum of six and a MlmuM of eighteen Members. Organlsational Strurture The charity operates through periodic Trustee only meetlngs and an Executive Committee. which comprises of the Trustees of the charity together with management members and other co- opted members as appropriate. Decisions are arrived at by majority vote In generaL meetlng. Induction and Tralnin8 of New Trustees Trustees are periodically reviewed and monitored and, if appropriate. training is undertaken to update new Trustees on matters highLighted in the review. Change of Name The charitabLe company passed a special resolution on 3 October 2023 changing its name from Relate Worcestershire to Relate Severn and Wye Itd. Qualrfying Third Party Indemnity Provlslons The charitable company has made third party indemnity provisions for the benefit of its directors during the year and these provisions remain in force at the reporting date. This report has been prepared in accordance with the 5peciaL provisions of Part 15 of Companies Act 2006 relating to smaLL Companies. k?/.i! .1. £4 Approved by order of the board of Tr4JStees on ...... and signed on its behalf by: Jayne Hall - Chalr of Trustses
Relata Severn and Wy• (prnviously known a8 Relate Wor¢••tsrshlre) Independent Examiner's Report to the Trustees of Relate 5evern and Wye Independent examiner'5 report to the trustees of Relate worSterShIre (Ihe Company,) I report to the charity trustees on my examination of the a¢¢ounts of the Company for the year ended 31st March 2024. Responslbllltles and basls 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 l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act: or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts live a true and fair view which is not a matter considered as part of an independent examination" or 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 ¢onne¢tion 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. Melissa Jean Godwin (ACA ACCA) The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR11RU Date: ..l&.'.11.:M.............................
Relate Severn and Wye Ltd previously known as Relate Worcestershire statement of financlal Activitios (In¢orporatln# an Income and ExpendSture A¢¢ount) for tho Year Ended 31st March 2024 2024 Total 2023 Total funds Unrestri¢ted funds R•stri¢ted fvnds Notss INCOME AND ENDOWMENTS FROM Donations and legacies 21.299 40.052 61.361 57,657 Counseliing 19fj674 13,495 21169 189,266 Other trading activities Investment income 7A97 1211 7.397 2,211 61 22781 281,128 249.361 EXPENDITURE ON Charltabl• activltl Counselling Training 235J82 59.047 294A29 254,855 260 Total 235282 59,047 294329 255.115 Net gains/(losses) on investments NEf INCOMEJ(EXPENDITUAE) (V38) (5.500) (13,938) (8.382) RECONCIUATION OF FUNDS Total funds brought forward 102.067 5.500 107.587 115.949 TOTAL FUNDS CARRIED FORWARD 93.629 93,629 107.567
Relate Severn and Wye Ltd previously known as Relate Worcostershire Balance Sheet 31st March 2024 2024 Totsl fund¥ 2023 Total funds Unrèstrlctsd fund5 Restricted funds Notes FIXED ASSErs Investments 13 39,642 39.642 40,379 CURRENT ASSETS Debtors Cash at bank and in hand 14 14900 18,900 9.836 70.TTO 374 69.532 374 09.906 80.606 CREDrroRS Amounts faillng due wlthin one year 15 (15W) (374) (15.919) (13.418) NEf CURREKf ASSETS 53,987 53.987 67,188 TOTAL ASSETS LESS CURRENT LIABIUTIES 93,629 93.629 107,567 NEf ASSErs 93.629 93.629 107.567 FUNDS Unrestricted fund5 Restricted funds 17 93.629 102,067 5,500 TOTAL FUNDS 107,567 The charitable company is entitLed to exemption from audit under Section 4T1 of the Companies Act 2006 for the year ended 31st March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitabLe company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which glve a true and fair vlew of the state of affairs of the charitable ompany as at the end of eaeh financlal year and of its surplus or deficit for ea¢h financial year in accordance with the requirements of Sectlons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 reLating to financlal statements, so far a$ applicabLe to the charitabLe company. (b) These financial statements have been prepared in a¢¢ordance wlth the provisions applicable to charitable companies subject to the small companles reglme. The ncia statements were approved by the Board of Trustee5 and authorised for issue on and were slgned on its behalf by: J Hall - Trustee
Relate Severn and Wye Ltd previously known a5 Relate Worcest•r$hire Not•s to tho Finanelal Ststements for the Year Endod 31st March 2024 STATUTORY INFORMATION The charity is a ¢ompany Ilmited by guarantee. The members of the company are the trustees named in the Truste&$' ReporL In the event of the company belng wound up, the liability in respect of the guarantee Is limited to £1. AccouKfiNG POLICIES BASIS OF PREPARING THE FINANCIAL sfATEMEpirs The financiaL statements of the charitable company. which is a public benef it 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 Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of IreLand' and the Companies Act 2006. The financial statements have been prepared under the historieal cost convention, with the exception of investments which are incLuded at market vaLue. as modified by the revaLuation of certain assets. The accounts are prepared in sterlin& whieh is the functional currency of the Gharity. Monetary amounts in these financial statements are rounded to the nearest £. The charity is exempt from preparing a cash flow statement on the grounds that it is not a larger charity. INCOME ALL income is recognised in thé Statement of Financial Activities once thg charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliabLy. Grant income, IncLuding government grants. is recognised on a perfomiance basis. Income from charitable activities for services provided is reeognised in Line with the provision of those services. Investment income is recognlsed when the relatlng investment$ issue notice of distribution to its investors. EXPENDITURE LlabiLities are recognised as expenditure a$ soon as there is a Legal or constructive obligation committing the Charity to that expendlture. it 1$ probable that a transfer of economic benefits will bo required in settlement and the amount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basls and has been classified under headlngs that aggregate aLI cost reLated to the category. Where costs cannot be directly attributed to partlcuiar headings they have been aLlocated to activities on a basls consistent wlth the use of resources. INVEMIENTS Investments quoted on a reeognised stock exchange or whose value derives from them (CIFS. etc) are valued at market value at the year end. Both reaLised and unreaiised gains are shown under 'net gains l (losses) on investments, on the face of the SOFA. ALLOCATION AND APPORTIONMENT OF COSTS The cost of subsidised and bursary counselLing sessions have been calculated at £74 per sesslon. The total costs of bursaries awarded have been allocated to the restricted bursary funds. 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. Restrlcted 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 flnanclal statements. PENSION cosrs The charltable company operates a deflned contribution penslon s¢h8me. Contributions payabLe to the charltable company's pension scheme are charged to the Statement of Flnancial Activitles In the period to which they reLate. 10
Relate Severn and Wye Ltd previously known as Relate Worcestershire Notss to the Financial Stat•rnents - contlnued for the Year Ended 31st March 2024 ACCOUIMNG POUCIES - ¢ontlnu•d DONATED GOODS AND SERVICES Donated goods and $ervi¢es are measured at fair value when Control over the economlc benefit has passed to the charity. FINANCIAL INSTRUMENTS The charity has elected to apply the provisions of Section 11, Basic Financlal Instruments, and Section 12 '0ther Financial Instruments ls$ues' of FRS 102 to alL of its financial Instrument$. Flnancial instruments are recogni8ed when the charity becomes party to contractual provisions of the instrumenL Flnan¢ial assets are offset with the net amounts presented in the accounts where there is a legally enforceabLe right to $et off the recognised amounts and there is an intention to settLe on a net ba$1$ or to reaiise the as$ot and Settle the liability simultaneously. a8lc Flnanclal As••ts Basic financlal asset$. which include trade and other recelvables and eash and bank balances, are initially measured at transa¢tion prlce including transactlon costs and are subsequently carried at amortised cost uslng the effective interest method unLess the arrangement constitute$ a flnancing transaction, where the transa¢tion is measured at the present vaLue of the future receipts discounted at a market rate of interest. Ba•lc Mnancial LiablUUe8 Basic Financial LiabiLitles. Including trade and other payables, are initially reeogni8ed at transactlon price unless the arrangement constitutes a financing transa¢tlon. where the debt instrument is measured at the present value of future receipts. discounted at a market rate of Interest. Debt instruments are subsequently ¢arried at amortised cost, using the effective interest rate method. Trade payables are obligation$ to pay for goods or services that have been acquired In the ordinary course of the operations from suppLiers. Accounts payable are cLassified as current iiabiLities if payment is due within one year or less. If not, they are presented as non-current LiablLities. Trade payabLes are recognised initlally at transa¢tion cost. DONATIONS AND LEGACIES 2024 2023 Total funds Unrestricted funds Re$tricted funds fund8 Donations Grants Donated Services and facilTties 1.250 45.611 14.490 100 43.757 13.800 6,063 490 39,548 40.052 .351 57.657 DONATED SERVICES AND FAciufiES The Charity wouLd like to acknowL•dge thelr gratitude to the Sanctuary Housing Group for the provision of the premlses at 19 Castle Street at a substantially reduced rent. The difference between the market value of the rent and the rent pald has been re¢ognlsed as a donated servlce of M4,490. 11
Relate Severn and Wye Ltd previously known as Relate Worcestershire Notss to the Finan¢lal Statements - ¢ontlnu•d for the Y•ar Ended 31st March 2024 DONATIONS AND LEGACIES - ¢ontinu•d Grants received, included in the above. are as folLows: 2024 2023 Baron Davenport's Charity Dumbreck Charity E F BuLmer Benevolent Fund Edward Cadbury Charitable Trust The Eric W Vincent Trust Fund Eveson Charitable Trust Groundwork UK Herefordshire Community Foundation The Hobson Charity The Hopmarket Charity LangdaLe Trust Lasletvs Charitie5 The Mldcounties Co-operative The National Lottery The Ratcllff Foundation Reddit¢h Borough Counctl The Roter & Douglas Turner Charitable Trust Souter CharitsbLe Trust William A Cadbury Charitable Trust Gloucestershire Community Foundation 1.000 500 3.000 1.000 500 3,000 5,000 500 3.000 500 6,000 3,048 4000 1,500 5.507 500 10.000 1.SQO 5.500 4.000 3.000 750 10.000 000 3.000 200 45.611 43.757 OTHER TRADING ACTivrriES 2024 2023 TotaL funds Unr•strlctsd funds Restricted funds lund• SociaL Lotteries Consultan¢y 26 61 7A71 7,397 7J97 61 INVESTMENT INCOME 2024 2023 Total funds Unrestrieted funds Restricted funds fund• Dividend income 1211 211 2,377 12
Relate Severn and Wye Ltd previously known as Relate Worcestershire Notes to the Financlal Statemants - contlnuod for the Yoar Ended 31st March 2024 CHARITABLE ACTIVITIES cosrs Direct Costs (see note 7) Support costs (see note 8) Totals CounseLling 93.632 200.ts7 29V29 DIRECT cosrs OF CHARITABLE ACrnIITIES 2024 2023 Staff costs CounselLors and psycho-$exuaL therapy expen$e$ Costs of trainlng courses 79.803 13.829 80,274 6,769 110 93.632 87,153 SUPPORT cosrs Governance costs Management Finance Totals CounseLiing 194058 4,574 200.097 All support costs have been allocated agalnst counseLling a¢tlvltles, due to the decreased tralning activity. Support Costs, included In the above. are as follows: 2024 2023 TotaL a¢tivities Counselling Wages SociaL security Pensions Service ¢harge Insurance Rent and associated costs Telephone Computer software costs Postage and stationery Sundrie$ Repair$ and malntenance Bank charges Ac¢ountancy and legal fees 122.384 5,129 2.303 12.758 3.089 32.037 2.495 6.860 1112 3.065 1.756 474 101,820 3,651 1,960 12.1TT 3.274 23.239 2.581 6.940 1.983 2.701 1.584 3.789 2.263 200,697 167.962 NEf INCOMEI(EXPENDITURE) Net ineomel(expenditure) ts ststsd after charginyJ{crediting): 2024 2023 Other operatlng Leases Independent Examiner's Fee 4132 4.132 2,214 13
Relate S•vorn and Wy• Ltd pr•vlou$ly known as Relatè Wor¢•ster8hlre Nr*ts8 to tho financial Statsments - ¢ontlnued for the Y•ar Ended 31st March 2024 10. TRusfEEV REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023. TRUSTEES. EXPENSES During the year one trustee (2023: none) was reimbursed £24 for travel expenses (2023: £nil). 11. 2024 2023 Wages and salaries Social securlty costs Other pension costs 200.901 5.917 871 180,733 4.387 2.585 209,689 187.705 Total remuneration (Includlng employer penslon) paid to key management personnel during the year vas £73.785 (2023: £55,281). The average monthLy number of employees during the year was as follows". 2024 2023 Administration Direct charitable work 12 20 19 No employees recetved emoLuments in excess of £60,000. 11 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ArrivrriES Unrestrfctsd fund$ Restricted fijnds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 14,907 42.750 57.657 CounselLing 149,904 39.362 189.266 Other trading activities Investment income 61 2.3TT 61 2.377 Total 167.249 82,112 249,361 EXPENDrruRE ON Charltable aCvIti•• Counselling Training 168,007 260 86.848 254,855 260 T¢JtaL 168.267 86,848 255,115 Net gainsl(Losses) on Investments 2,628 2.628 NEf INCOMEIIEXPENDITURE) (3.646) (4,736) (8.382) RECONCILIATION OF FUNDS Total funds brought forward 105.713 10.236 115.949 14
Relate Severn and Wye Ltd previously known as Relate Worcestershire Notss to the Finan¢lal Statom•nts - contlnued for the Year End•d 31st March 2024 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES - ¢•ntlnu•d Unrestrietad funds Restricted funds Total funds TOTAL FUNDS CARRIED FORWARD 102.067 5.500 107.567 13. FIXED ASSEf INVESTMENTS Listed investments MARKEf VALUE At 1st April 2023 Revaluations 40A79 At 31st March 2024 39,642 NEf BOOK VALUE At 31st March 2024 39.642 At 31st March 2023 40.379 There were no investment assets outside the UK. 1& DErn AMOUIITS FALUNG DUE MTHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued income 9.506 9A94 909 8.927 14900 9.836 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade ¢redltors Pen$ion$ Deferred Income A¢¢rued expenses 5,150 857 1.670 4.851 7.702 15.919 13,418 Deferred income of £1.296 relates to fees received in advance for courses yet to be held and counselling sessions not yet fulfilled. The charity had a commitment at the reporting date to provide these courses and sessions. therefore the income has been deferred and is not re¢¢gnised in this period. £1.696 of deferred income brought forward has been released in the current year. Also ineLuded in deferred income is £374 (2023: £3,155) of perforrnance-related grant income where the related performance required to meet the income recognition entitlement has not yet occurred. 15
Relate Severn and Wye Ltd pr•viously known as Relate Worcostershire Notes to tha Flnancial Stat•mant$ - continu•d for the Year Ended 31st March 2024 16. LEASING AGREEMENTS Minimum Lease payment$ under non-can¢ellable operating lease$ falL due a8 follows: 2024 2023 Within one year Between one and flve years 1.200 1.200 3.828 2.400 2AOO 6.228 17. hll>VEWJEtrr IN FUNDS Net movement in fund$ At 31.3.24 At 1.4.23 Unr••trl¢t•d filnds General fund Winding Up Fund 50.27T 51.790 (8,438) 41039 .790 10067 (8A38) 93.629 Re•trfct•d fund¥ Tralnlng Fund S00) TOTAL FUNDS lo767 13,938) 93.829 Net movement in funds. in¢luded in the above are as follows: In¢oming resources Resources expended Gains and losses Movement in funds Unr••trlct•d fvnde General fund 227J81 (235.282) C137) (&438) R••trf¢tsd tund• Activity Fund Adult Bursary Fund Adult and Couple Counselling Children and Young Adult Counselllng Fund - Droltwlch. Ombersley and the Rurals PCN ChiLdren and Young AduLt Counselllng Fund MaLvern PCN Gloucestershire Fund Hereford Fund Older People's Bursary Fund Operations Manager Fund Training Fund 500 12,052 lo0 (500) 02.052) omo) 1,220 0.220) 1A65 ¥oo 3.000 1.000 1000 6.000 0.365) (2.500) (3,000) ,000) 05,000) 1,500) 4500) 53A47 ssoo> TiyfAL FUNDS 281,128 294,329) 7) 3,938) 16
Relate Severn and Wye Ltd pr•viously known as Relats Worcestershire Notss to tho Flnancial Ststomonts - contlnuod for the Year Ended 31st March 2024 17. MOVEMEKf IN FUNDS- contlnu•d C•mparatlv•• for mov•m•rt In funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unr••trfct•d fvnd• General fund Refurbishment fund Windlng Up Fund 93.033 12.680 (3.646) (39.110) 02.680) 51,790 50,277 51,790 105.713 (3.646) 102.067 R•strlcted fundffj Adult Bursary Fund Training Fund 10.236 (10,236) 5.500 5.500 10.236 (4.736) 5.500 rAL FUNDS 115,949 8,382) 107.567 Comparative net movement in funds, included in the above are as folLow$.' Incoming resources Resources expended Gains and losses frAovement in funds Unr•stri¢tsd fvnds GeneraL fund 167,249 (168,267) {2,628) (3,646) R••tri¢t•d fund4 Adult Bursary Fund Adult and Couple CounseLling ChiLdren and Young Adult CounselLing Fund - Droitwich. Ombersley and the Rurais PCN ChiLdren and Young Adult Counselling Fund - MaLvern PCN Hereford Fund Older PeopLe's Bursary Fund Operations Manager Fund Training Fvnd Younger People's Bursary 5.250 14.932 (15.486) (14,932) {10,236) 17.602 (17.602) 6.828 6.000 5.000 15.000 11.000 500 (6,828) (6,000) (5,000) (15,000) (5,500) 5,500 82.112 86,848) 4,736) TOTAL FUNDS 249.361 255,115) 2.628) 8.382) 18. RELATED PARTY DISCLOSURES During the year ended 31 March 2024 one trustee made donations to the charity totalling £50 (2023: 1 trustee donation of £50), none of which had any restrictions. 17
Relate Sevorn and Wye Ltd previously known as Relate Worc•st•rshire Notss to the Flnanclal Statements - ¢ontlnued for the Year Ended 31st March 2024 PURPOSE OF FUNDS UNREsfRICTED FUNDS G•n•ral Fund The unrestricted fund can be used for any ¢haritable purpose withln the charity$ objects and approved by the Trustee8. It is the policy of the ¢harity to bulld a reserve of three month$. operatlng costs In this fund. R•fvrbi¥hm•nt Fund Th1$ fund Is designated to provide for any refurbishment costs should the charity move premises in the future. The balance of this fund wa$ transferred to the unrestricted general fund in 2023 as the Trustoes do not antlclpate any substantial renovatlons In the near future. Wlndlni Up Fund Thls fund is designated In order to provide sufficient funds to cover the cost of redundancy and lease termination Costs In the event of the charity windin¢ up. REsfRICTED FUND$ This fund Is restricted following receipt of grant income towards Coronation and Christmas ceLebration8. Athlt Burmry Fund The restricted fund re the Adult Bursary estabLished for the purpose of subsidising coun$ellinE sessions for adults. Adult and Coupl• Coun••lilnrf Fund This fund 1$ restricted for the purpo$• of providlng counselling sessions to adults and couples In the Droitwich. Ombersley and Rural Prlmary Care Network. Ch11 kn and Y¢)ung Adult Coun•eUln4 Fund - lknh• and th• Rural• PCN This fund is restrlcted for the purposes of providing counselknng sesslons to young people in the Droltwich. Ombèrsley and Rural Prlmary Care Network. Chlldr•n and Young Ad Coun•eUlng Fuftd - PCN Thls fund is restri¢ted for the purposes of providlng counselling sessions to young people in the Malvern Primary Care Network. GIou•t•r4hOr? Fund Thls fund is restricted for the purpose of providing ¢ounseLiing services in Gloucestershire. H•r•ford Fund The restrlcted fund re The Hereford Fund was established for the purpose of provlding counseliing servlces In Hereford. IXd•r P•opl•'fy Bursary Fund The restrlcted fund re the Older People's Bursary Fund was estsblished for the purpose of subsldlslng counselling $e$sions for older clients. Op•rallon• M•n4•r Fund Thls fund is restricted for funds awarded for the salary costs of our Operatlons Manager. Tr•Jnlng Fund Thls fund is restricted for grants awarded to support the training costs of new counsellors. Younfv P•opi•'s Burmry Fund The restricted fund re the Younger People's Bursary Fund wa$ establlshed for the purpose of subsidising counseuing sesslons for younger cllents. 18
Relate We're the largest provider of relationship support in England and Wales and we help millions of people .very year to strengthen tNe relationships that mean thbmost to them. 19 CastLe Street Worcester WR13AD E: feedbacksevernandwye@relate.org.uk Relate Severn and Wy¢. A ¢ompany limited by guArantre. Reostered in England 03219666. Registerod chaAty N(k 1056625. Regl¥tsred Office: 19 Castle Stre*L w0¢$ter. WRI 3Atx