REGISTERED COMPANY NUMBER: 03474038 (England and Wales) REGISTERED CHARITY NUMBER: 1067356 Report of the Trustees and Unaudtted Financial Statements for the Year Ended 31 December 2023 for Rekindle Home Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY
Rekindle Home Contents of the Financial Ststements forthe Year Ended 31 December 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11 to 17 Detailed Statement of Financial Activities 18
Rekindle Home Report of the Trustees for the Year Ended 31 Decernber 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 201%, present their report with the financial statements of the charty for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principle aim of the Rekindle Home charity is to work with young people aged 16 to 25 to offer earfy intervention for those at risk of mental health problems, or those already suffering mental distress such as depression, anxiety or who are self-harming. We are based in Newtown, Mid Wales, and provide a planned recovery programme adjusted to individual needs and aimed at the development of life skills, the restoration of self-respect and the resumption of meaningful activities. In setting the objectives each year, the trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit. In particular, the trustees aayS ensure that the activrties undertaken are in line with the charitable objects and aims under which the charity was established. Page 1
Rekindle Home Report of the Trustees for the Year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE This year has seen the most significant growth of our charity since its founding over 25 years ago. it has also s&n the highest number of referrals to our service sinTr our founding and this has been for several reasons. Our Board is now settled in and working very well together, and we now have an excellent team which have been commendably diligent in their efforts to grow the organisation and provide a much-needed service to those with mental health issues in Powys and Shropshire. The numbers of young people between the ages of 16 to 25 years with mental health issues in PowyslWaleslUK is growing rapidly for many reasons and keeping pace with this is challenging. Funding and ensuring we have the resources to manage caseloads is paramount in our thinking and planning. Providing support to the statutory sector including the NHS is significant and we are currently seeking ways in which to obtain NHS commissioning. Following a recent update to staff structure, 2023 has overseen consolidation of our team whilst focussing on positive delivery and promotion of our mental health services. We have wrtnessed an increase in the number of referrals to our setvices from a range of sources including referrals from seNi¢e users. friends and family members, local mental health services and other third sector organisations. We have re-connected and engaged with new and previous partnerships which allow us to reach and support more young people across our community. With increased staff numbers we have developed a Senior Management Team, consisting of our SDM, Lead Recovery Practitioner and Lead Counsellor to oversee the day-to-day management of the setvice, regularly review performance and referrals to our services. Last year we moved to a much larger modern premises wf(h the very kind support of a local building company. It has been made bespoke for our needs with three counselling rooms and a fabulous open space for activities including a kitchen. This is evidence that we very much support working in partnership, and we are extremely grateful to Evabuild of Newtown. We have met the needs of more young people through one-to-one recovery work and counselling which incorporate goal setting, managing personal finances, supporting job applications, and advocating on behalf of our service users. The timeline of our seNitss is unlimited to allow our clients to be fully in control of their process and the duration of their recovery from poor mental health. We have supported several clients gaining employment and moving into their first 'own' homes over the past year. We use a tool to measure progress and outcomes which has shown overall improvement mood and happiness. We have recruited a recovery practitioner and activities officer with the aim and focus to expand the range of the services and help to develop a strong cohort of clients for groups and peer support. She will develop volunteering roles within Rekindle and set up a young people's forum, to help guide the future of the service. We have developed a strong teaching element to our setvice, engaging with local colleges to become a placement provider for counselling students. In 2023, we began supporting three students to gain practical experience and counselling hours towards their qualification. Our Lead Counsellor is responsible for embedding counselling students into our work. We encourage continued learning and development across our team and believe that involving students in the ntre of our seNice focusses our attention and creates a culture of continued leaming and development. Awards We have been extremely proud to receive several awards in recognition of our work in the community - this is something we are all extremely proud of.. 2023.. - Celebration of Newtown Awards - Newtown Community Fund, presented by Mayor Cllr. John Byme. 2024.. The High Sheriff of Powys Award in recognition of great and valuable services to the communty, presented by the High Sheriff of Powys Reg Cawthorne. Celebration of Newtown Awards - Local Business of the Year Award, Third Sector, presented by Mayor Cllr. John Byrne Page 2
Rekindle Home Report of the Trustees for the Year Ended 31 December 2023 FINANCIAL REVIEW Principal funding sources The three principal funding sources upon which Rekindle depends are (ts grants made available by other charitable bodies, monies raised by the trustees through local events organised by them, and independent donations made by local organisations. Investment policy and objectives Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. As the company has limited funds tt maintains an appropriate amount, in accordance with its reserves policy, in the current account for working capital and the balance of its funds are kept in a deposit bank account to provide a return on the funds. Reserrfes policy Rekindle charty's funds are all being applied in accordance with its objectives. The charty's assets are all being maintained in the furtherance of these objectives. The Trustees have examined the needs, risks and challenges faced by the charity in both the short and medium term and accordingly have established a new policy which aims to ensure that unrestricted funds not committed or invested in tangible or intangible fixed assets i.e. free reserves held by the charity are sufficient to ensure that the charity can continue to operate to meet the needs of its beneficiaries in the event of unforeseen and potentially damaging circumstances arising. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. As detsiled in the ReseNes Policy, reserves are broken down in five separate designated sub-categories including {1) Restructuring funds, {ii} Continuity funds, {iii) Special projects, {ivl Dissolution fund as well as {v) Cyclical Maintenance fund. The balance held as unrestricted funds at 31 December was £185,183, of which £173,970 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets. At the balance sheet date, all the funds held by the charty are eannarked for commitments already entered to fund operational expenses including the ongoing costs of providing the service. The Trustees have agreed that its Reserves Policy should be reviewed and updated at the last quarterty Trustee board meeting of each year. Page 3
Rekindle Home Report of the Trustses for the Year Ended 31 December 2023 FUTURE PLANS We will continue to improve our service to our current and new clients and set up a lived experience forum to help inform our service and activities. The team has settled into our new offi$ and continue to improve the environment to ensure it has the right vibe for clients. We were very fortunate to receive a donation of art and plants which has added to the amazing atmosphere of the building. Our aim is to take the next step in our five-year plan to utilise our open fioor plan to ensure accessibility to service users for activities such as cooking skills, life skills, art and other activity as guided by the lived experience forum. We also intend to extend our operating hours to include out of hours access i.e. evenings and weekends- we know this is something clients would like to see happen. We will also be reviewing our Board to ensure we represent the community and client base so we will be seeking ways in which to attract lived experience and young people to the Board. We see this as a great development opportunity for young people and for the organisation. We have also ensured that all Board members receive safeguarding training and have done this via Powys County Council training opportunities, we will continue to seek ways in which we can develop the Board, team, and volunteers. One of our main focuses will be on funding, so sking more diverse funding streams, donations, fund raising events and Just Giving on our website. Our website has been reviewed and we will very soon have a new website we have an excellent admin team who have been working on this and it looks excellent it is available in Welsh and English. The website will be launched in June 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees The Board of Trustees is currently being refreshed wtth the recruitment of new trustees. We now have a new Chair (Robin Brierley) appointed in July 2021. We are currently recruiting new Trustees including a Treasurer. We have had a very good response to our advert for new Trustees. All directors of the company are also trustees of the charity and there are no other trustees. Trustees must offer their retirement every three years. At every annual general meeting one third of the trustees shall retire from office. There is no objection to the retiring trusteelsl being relected, provided that the remaining trustees propose and agree to this. Organisational structure The Board of Trustees meet on a quarterly basis to receive reports on the well being of the charty both in financial and operational terms. The Trustees are responsible for the strategic direction and policy of the charity. A Business Plan is updated prior to every meeting, circulated with the agenda, and agreed by the trustees at each meeting. All the above meetings are fully minLrted and the agreed and signed records retained by the meeting chairman. Page 4
Rekindle Home Report of the Trustees for the Year Ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees As per the guidance from the Association of Chairs our recrurtment process is as follows; Trustee recruitment cycle Refiect Decide which skills and experien are the most important to lead your charity, and identfy which of these are missing from your current board. Trustees work collectively, as a team, so the people who will add the most value to your board will be people who can bring new skills and different perspectives, rather than 'more of the same,. Think about the diversity of your board which voices and experiences are missing from your board discussions? Recruiting a diverse board does take extra thought but it will bring many benefits. Consider what might discourage people from joining your board. Deciding to recruit openly will get you off on the right footing. 1. Prepare Once you are clear about the skills and qualities that you are looking for in a new trustee, spend time preparing and planning before you jump into advertising. It really will increase your chances of success. Decide on your process, plan key dates and agree who will be involved. A good process will help you select the right trustees, and it will make the experience more engaging and inclusive for all candidates. Consider what people need to know about your trustee role and your charity, and what will encourage them to apply. A clear, concise trustee role description is helpful. 2. Advertise Vvhen you are clear about the skills and qualities that you want to recruit and you have planned the process, you are ready to advertise. Write a compelling trustee advert that will attract good candidates. Explain why your charity matters, the attributes that you want new trustees to bring, and how these will help the board. Don't forget practical detsils like how to apply. Share your advert widely, and use channels that can help you reach the right audien for your role. Trustee recruitment sites can help you find people interested in trustee positions. Use your own neorkS too, and other peoples,, to share your advert more widely and to tsrget your promotion. 3. Shortlist and interview Shortlist your candidates against your agreed set of skills and qualities. Don't be swayed by impressive Cvs look for applicants who meet your criteria and will bring new and different perspectives to your existing board. Plan your interview process so it goes smoothly. Ask a set of structured questions to assess applicants, interest in your charity, their fit with your charity's values and to explore how they could use their skills and experien to help board discussions. Assessing their responses against clear criteria will help you choose the best candidates and make the prOs$ fair. It also makes it easier to tum down people who are unsuitable. InteNiews are a two-way street.. applicants will want to find out more about your charity, the other trustees and your board culture. Give them opportunities to do this, and make the interview a positive experience for them 4. Induct Carry out relevant eligibility checks on your new trustee and confirm their appointment. Then give them an induction that will help them thrive in their new role. Boards vary in how they operate so a good induction is useful, even if they have been a trustee before. Drfferent people will have different needs, so tailor your induction to suit the individual. All board members share the same responsibility SO they must all be able to participate on an equal footing. Find out what training and support your new trustees need to carry out their role well. The way your board currently operates might not work for your new trustees. Be willing to make changes to accommodate them and set them up for success. Page 5
Rekindle Home Report of the Trustees for the Year Ended 31 Decernber 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT 5. Evaluate No recruitment process is perfect. Although tt's tempting to move on to the next steps, evaluate your trustee recruitment process now while it's fresh in your mind. You'll be grateful next time you come to recruit. Review what worked and what didn't, and ask for feedback. Don't wory if you didn't appoint use the evaluation to consider what, rf anything, you need to do differently. This is also a good time to think about succession planning and how to create a pipeline of future trustees. Related parties In so far as it is complementary to the charity's objects, the charity is guided by both local and national policy. Risk Management The major risks to which the charity is exposed, as identTfied by the trustees, have been reviewed, with systems established to mitigate those risks. It is recognised that systems can provide reasonable but not absolute assurance that major risks have been adequately managed. A Risk Register, together with a Risk Policy, provides a formal structure for identification, recording and reporting measures to control such identified risks. The Risk Register also indicates the monitoring process for ensuring continuous updating of risk assessments. The Risk Register is updated and reviewed at regular intervals. Internal control risks are minimised by the implementation of procedures for the authorisation of all transactions and projects. Procedures are in pla to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. Risk management has become especially relevant in this year of Covid19 pandemic. Support workers have continued to see clients with urgent problems, all the while maintaining social distancing, hand sanitising, and the use of face masks. Health Standards Policies We have developed a series of policies that cover all the legal requirements of an organisation providing support in the mental heaith field. These are reviewed and updated as necessary. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03474038 (England and Wales) Registered Charity number 1067356 Registered office 2-3 Ladywell Centre Newtown Powys SY16 1AF Trustees R W C Brierley G J Bland F A N Carfile J A Jones R A Stratton F R Mathieu Page 6
Rekindle Home Report of the Trustees for the Year Ended 31 December 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY Approved by ord board of trustees on 21 May 2024 and signed on its behalf by.. R W C Brierley- Trustee Page 7
Independent Examiner's Report to the Trustees of Rekindle Home Independent examinerfs report to the trustees of Rekindle Home ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees of the Company land 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 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 give 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 accordan wi(h 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 Stsndard applicable in the UK and Republic of Ireland (FRS 102}1. I have no COnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Thomas Landers BA FCA Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY 21 May 2024 Page 8
Rekindle Horne Statement of Finan¢ial Activities for the Year Ended 31 December 2023 31.12.23 Total funds 31.12.22 Totsl funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 154,629 9,900 164,529 173,582 Investment income 1,373 1,373 154 Total 156,002 9,900 165,902 173,736 EXPENDITURE ON Charitable activities Mental Health & Wellbeing 152,275 152,275 88,567 NET INCOME 3,727 9,900 13.627 85.169 RECONCILIATION OF FUNDS Total funds brought foNard 181,456 181,456 96,287 TOTAL FUNDS CARRIED FORWARD 185,183 9,900 195,083 181,456 The notes form part of these financial statements Page 9
Rekindle Home Balance Sheet 31 December 2023 31.12.23 31.12.22 Notes FIXED ASss Tangible assets 10 11,213 1,290 CURRENT ASSETS Debtors Cash at bank and in hand 741 186,895 528 184,888 187,636 185,416 CREDITORS Amounts falling due within one year 12 (3,766) (5,250) NET CURRENT ASSETS 183,870 180,166 TOTAL ASSETS LESS CURRENT LIABILITIES 195,083 181,456 NET ASSETS 195.083 181.456 FUNDS Unrestricted funds Restricted funds 14 185,183 9,900 181,456 TOTAL FUNDS 195,083 181.456 The charitable company is entitled to exemption from audit under Section 477 of the Companies Aci 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 Dember 2023 in accordance with Section 476 of the Companies Act 2006. The truslees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 ofthe Companies Act 2006 and preparing financial statements whiGh give a true and fair view of the state of affairs of the charitsble company as at the end of each financial year and of its surplus or deficit for each financial year in accordan with the requirements of Sections 394 and 395 and which otheNise comply with the requirernents of the Companies Act 2006 relating to financial ststements. so far as applicable to the charitable company. Ib) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Ttustees and authorised for issue on 21 May 2024 and were signed on its behalf b R W C Brierley- Trustee The notes form part of these financial statements Page 10
Rekindle Home Notes to the Financial Statements forthe Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charty has entitlement to the funds, it is probable that the income will be reiVed and the amount can be measured reliably. Expenditu Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charty to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resoUs. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lrfe. Plant and machinery Fixtures and fittings Art materials Computer equipment 25 % on cost 25 /0 on reducing balance 25 % on cost 25 % on reducing balance Taxation The charity is exempt from corporation tsx on its charitable activ((ies. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirernènt benefits The charrtable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page11 continued..
Rekindle Home Notes to the Financial Ststements - continued for the Year Ended 31 December 2023 DONATIONS AND LEGACIES 31.12.23 31.12.22 Donations Grants 37,130 127,399 7,982 165,600 164,529 173,582 Grants received, included in the above, are as follows.. 31.12.23 31.12.22 The Louis and Valerie Freedman Charitable Settlement Lord Merthyr- Community Fund in Wales The Allen Lane Foundation Tudor Tnjst Sam Morley Family Trust Margaret Davies Charity Garfield Weston FO Society of the Holy Child Newtown & Llanllwchaiarn Town Council Lloyds Bank Foundation PAVO Postcode Community Magdalen Trust Nisa - Making a Dffference Locally Dyfed - Powys Police 15,000 2,500 3,000 30,000 8,000 9.900 10,000 2,000 3,000 30,000 8,000 5,000 10,000 20,000 1,000 25,000 27,250 350 50,000 25,000 2,000 1,000 4,999 127,399 165,600 INVESTMENT INCOME 31.12.23 31.12.22 Deposit account interest 1,373 154 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 51 Support costs Totals Mental Health & Wellbeing 149,625 2,650 152,275 Page12 continued...
Rekindle Home Notes to the Financial Statements - ¢ontinued for the Year Ended 31 December 2023 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.12.23 31.12.22 Staff costs Utilities Insurance Postage stationery & telephone Sundries Other charitable activities Room Hire / Rent IT Costs Repairs Travel Depreciation Interest payable and similar charges 107,284 5,960 1,563 4,572 598 11,806 9.277 4,575 46,230 4,109 1,451 872 887 15,454 9,635 2,727 1,402 218 430 127 132 3,737 121 149,625 83,542 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingllcrediting).. 31.12.23 31.12.22 Depreciation - owned assets 3,737 430 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefrts for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. STAFF COSTS 31.12.23 31.12.22 Wages and salaries Social security costs Other pension costs 101,129 2,902 3,253 44,039 1,327 107,284 46,230 The average monthly number of employees during the year was as follows= 31.12.23 31.12.22 Recovery Practitioners Administrators Counsellor Service Delivery Manager Page 13 continued...
Rekindle Home Notes to the Financial Statements - continued for the Year Ended 31 December 2023 STAFF COSTS - continued No employees received emoluments in excess of £60,OQO. The charity considers its key management personnel comprise the Board of Trustees who do not receive any fom of remuneration. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restncted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 173.582 173,582 Investment income 154 154 Total 173,736 173,736 EXPENDITURE ON Charitable activities Mental Health & Wellbeing 76,189 12,378 88,567 NET INCOMEI(EXPENDITURE) 97,547 112.378) 85,169 RECONCILIATION OF FUNDS Total funds brought foNard 83.909 12,378 96,287 TOTAL FUNDS CARRIED FORWARD 181,456 181,456 10. TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Art materials Computer equipment Totals COST At 1 January 2023 Additions 2,866 14,915 13,660 483 11,470 29,734 13,660 At 31 Dember 2023 2,866 28,575 483 11,470 43,394 DEPRECIATION At 1 January 2023 Charge for year 2,866 13,743 3,708 483 11,352 29 28,444 3,737 At 31 December 2023 2,866 17,451 483 11,381 32.181 NET BOOK VALUE At 31 December 2023 11,124 89 11,213 At 31 December 2022 1,172 118 1,290 Page 14 continued...
Rekindle Home Notes to the Financial Statements - continued for the Year Ended 31 December 2023 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Prepayments and accrued income 741 528 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Social security and other tsxes Accrued expenses 2,096 3,154 3.766 3,766 5,250 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.12.23 Total funds 31.12.22 Total nds Unrestricted nds Reskncted funds Fixed assets Current assets Current liabilities 11,213 177,736 (3,766) 11,213 187,636 {3,766) 1,290 185,416 (5.250} 9,900 185,183 9,900 195,083 181,456 14. MOVEMENT IN FUNDS Net movement in fvnds At 31.12.23 At1.1.23 Unrestricted funds General fund Capital fund 181,456 4,049 (322) 185,505 1322) 181,456 3.727 185,183 Restricted funds Margaret Davies - Rent 9,900 9,900 TOTAL FUNDS 181,456 13,627 195,083 Page 15 continued...
Rekindle Home Notes to the Financial Statements - Continued for thè Year Ended 31 December 2023 14. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resourTrs Resources expended Movement in funds Unrestricted funds General fund Capital fund 156,002 1151,9531 (3221 4,049 1322) 156,002 1152,2751 3,727 Restricted funds Margaret Davies - Rent 9.900 9,900 TOTAL FUNDS 165,902 (152,2751 13,627 Comparatives for movement in funds Net Movement in funds Transfers between funds At 31.12.22 At1.1.22 Unrestricted funds General fund Capitsl fund 83.752 157 97,547 157 1157) 181,456 83,909 97,547 181,456 Restricted funds WCVA - Voluntary Service Recovery Fund 12,378 (12,378} TOTAL FUNDS 96,287 85,169 181,456 Comparative net movement in funds, included in the above are as follows.. Incoming resources R&sourS expended Movement in funds Unrestricted funds General fund 173,736 176,189) 97,547 Restricted funds WCVA - Voluntary Service Recovery Fund 112,3781 (12,378) TOTAL FUNDS 173,736 (88,567} 85,169 Page 16 continued...
Rekindle Home Notes to the Financial Statements - continued forthe Year Ended 31 December 2023 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as fofiows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 173,736 (76,189) 97,547 Restricted funds WCVA- Voluntary seiCe Recovery Fund {12,378) (12,378} TOTAL FUNDS 173,736 (88,567) 85.169 15. RELATED PARTY DISCLOSURES There were no related party tra ctions for the year ended 31 December 2023. Page 17
Rekindle Home Detsiled Ststernent of Financial Activities for the Year Ended 31 Decembèr 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 37,130 127,399 7,982 165,600 164,529 173,582 Investment income Depostt account interest 1,373 154 Total incoming resources 165,902 173,736 EXPENDITURE Charitable activities Wages Social security Pensions Utilities Insurance Postage stationery & telephone Sundries Other charEtable activities Room Hire J Rent IT Costs Repairs Travel Fixtures and fittings Computer equipment Bank charges 101,129 2,902 3,253 5,960 1,563 4.572 598 11,806 9.277 4,575 44,039 864 1,327 4,109 1,451 872 887 15,454 9,635 2,727 1,402 218 391 39 127 132 3,708 29 121 149,625 83,542 Support costs Governance costs Accountancy and legal fees Legal fees 2,650 785 4,240 2,650 5,025 Total resources expended 152,275 88,567 Net income 13,627 85,169 This page does not form part ofthe ststutory financial statements Page 18