REGISTERED CHARITY NUMBER: 1067356
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Rekindle
Morgan Griffiths LLP Chartered Accountants Cross Chambers
9 High Street Newtown Powys SY16 2NY
Rekindle
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
Rekindle
Reference and Administrative Details for the Year Ended 31 December 2024
| TRUSTEES | G J Bland Chair |
|---|---|
| F R Mathieu | |
| R A Stratton | |
| J Darlington (appointed 18.2.25) | |
| N J Davies (appointed 18.2.25) | |
| M L Greenwood (appointed 26.3.25) | |
| F A N Carlile (resigned 21.8.24) | |
| R W C Brierley (resigned 13.11.24) | |
| J A Jones (resigned 21.8.24) | |
| PRINCIPAL ADDRESS | 2-3 Ladywell Centre |
| Newtown | |
| Powys | |
| SY16 1AF | |
| REGISTERED CHARITY | 1067356 |
| NUMBER | |
| INDEPENDENT EXAMINER | Morgan Griffiths LLP |
| Chartered Accountants | |
| Cross Chambers | |
| 9 High Street | |
| Newtown | |
| Powys | |
| SY16 2NY |
Page 1
Rekindle
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Rekindle is the only charity in Mid Wales solely focused on preventative and early intervention mental health support for 16-25-year-olds.
We empower young people to take control of their lives, build resilience, set goals, and feel part of their community. Our free service includes 1:1 counselling, 1:1 wellbeing support, and group activities. We want to challenge the stigma associated with mental health, and get young people talking. We believe in person-centred care: through the use of the Recovery Model, we support young people in the way they wish to be supported. Access is via self-referral or referral from other agencies; statutory or non-statutory, family or other.
Significant activities
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.
Public benefit
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 always ensure that the activities undertaken are in line with the charitable objects and aims under which the charity was established.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
2024 has been centred around the growth of Rekindle. This year was our first full year in our new premises and the building proved to be the perfect launchpad for our expanded team of counsellors using the additional therapy rooms. The welcoming social space enabled us to expand our regular groups and activities and we trialled a new social programme with games, photography, cooking and gardening sessions. We started a 'hub' on Thursday afternoons where people could come and socialise and meet new friends of similar age. During the year one of our trainee counsellors became fully qualified. We continue to support trainees and visit Shrewsbury college yearly to introduce ourselves to the students who will be needing placements in the future.
To introduce our new centre, groups of students visited from Newtown College. We also had a stall at the Freshers Fair and participated in the college festival of Wellbeing as well as giving out information at the Police Open Day.
Our new website went live and fully functional, with some helpful additions to better serve our stakeholders and friends. The translated Welsh language site was also launched.
During the year we had fantastic support from the local community with supporters doing a wide variety of sponsored and musical events. Highlights included a sponsored staff, trustees and service users walk from Staylittle to Montgomery as part of the Across Wales Walk.
Mental health in young people continued to be highlighted in the national media and these challenges for young people are amplified here in rural Wales with the isolation caused by long distances, poor internet connections, limited public transport, few services and limited opportunities for young people to meet up. Due to increasing need post pandemic, and the funding environment being particularly challenging, we are incredibly grateful to all our funders, supporters and donors on whom we are dependent as we do not receive any statutory funding.
FINANCIAL REVIEW
Financial position
The statement of Financial Activities show a deficit for the year of £27,292 (2023: £13,627 surplus), and reserves now stand at £167,791 (2023 £195,083).
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Rekindle
Report of the Trustees for the Year Ended 31 December 2024
FINANCIAL REVIEW
Principal funding sources
The three principal funding sources upon which Rekindle depends are its 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
The charity has the power to make any investment which the trustees see fit. As the company has limited funds it 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.
Reserves policy
Rekindle charity's funds are all being applied in accordance with its objectives. The charity'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 detailed in the Reserves Policy, reserves are broken down in five separate designated sub-categories including (i) Restructuring funds, (ii) Continuity funds, (iii) Special projects, (iv) Dissolution fund as well as (v) Cyclical Maintenance fund. At the balance sheet date, all the funds held by the charity are earmarked 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 quarterly Trustee board meeting of each year.
Free reserves which equate to net current assets (excluding restricted funds) amount to £118,631 (2023: £173,970).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its constitution and constitutes a charitable incorporated organisation (CIO).
Recruitment and appointment of new trustees
Most recently, Rekindle has used the services of Reach Volunteering to advertise for trustees. Together with our HR partner, new trustees have been subjected to a rigorous selection process to ensure new recruits fit well into the Board. The selection process includes a written submission with CV, followed by telephone screening conducted by the HR partner. Based on the HR partner's recommendation, candidates are invited for face-to-face interview with a panel that includes the Service Delivery Manager and members of the Board. To date, this process has proved to be extremely effective.
The principal risk facing Rekindle is that of ensuring sufficient income to continue delivering its service. The move to better premises and the recruitment of additional staff have allowed a substantial increase in the number of young people accessing Rekindle's services, but inevitably the charity's costs have risen significantly, placing greater emphasis on the need for funding.
Approved by order of the board of trustees on 5 June 2025 and signed on its behalf by:
G J Bland - Trustee
Page 3
Independent Examiner's Report to the Trustees of Rekindle
Independent examiner's report to the trustees of Rekindle
I report to the charity trustees on my examination of the accounts of Rekindle (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Thomas Landers BA FCA
Morgan Griffiths LLP Chartered Accountants Cross Chambers 9 High Street Newtown Powys SY16 2NY
5 June 2025
Page 4
Rekindle
Statement of Financial Activities for the Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds Charitable activities 4 Mental Health & Wellbeing Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.12.24 Unrestricted Restricted Total fund funds funds £ £ £ 149,288 40,750 190,038 5,143 - 5,143 154,431 40,750 195,181 761 - 761 211,812 9,900 221,712 212,573 9,900 222,473 (58,142) 30,850 (27,292) 185,183 9,900 195,083 127,041 40,750 167,791 |
31.12.23 Total funds £ 164,529 1,373 |
|---|---|---|
| 165,902 | ||
| - 152,275 |
||
| 152,275 | ||
| 13,627 181,456 |
||
| 195,083 |
The notes form part of these financial statements
Page 5
Rekindle
Balance Sheet 31 December 2024
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
31.12.24 £ 8,410 1,148 166,824 167,972 (8,591) 159,381 167,791 167,791 127,041 40,750 167,791 |
31.12.23 £ 11,213 741 186,895 187,636 (3,766) 183,870 195,083 195,083 185,183 9,900 195,083 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 June 2025 and were signed on its behalf by:
G J Bland - Trustee
The notes form part of these financial statements
Page 6
Rekindle
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 25% on reducing balance Art Materials - 25% on cost Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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continued...
Rekindle
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: The Louis and Valerie Freedman Charitable Settlement Lord Merthyr - Community Fund in Wales The Allen Lane Foundation Tudor Trust Sam Morley Family Trust Margaret Davies Charity Newtown & Llanllwchaiarn Town Council Lloyds Bank Foundation Postcode Community Magdalen Trust Nisa - Making a Difference Locally Dyfed - Powys Police Fine & Country Foundation Society of the holy child PAVO Garfield Weston Foundation Arnold Clark Tesco Beams Cae Post Cultivate Lord Merthyr HSBC Lyndall Beatty 3. INVESTMENT INCOME Deposit account interest |
31.12.24 £ 12,119 177,919 190,038 31.12.24 £ - - - - 8,897 5,000 988 25,000 44,401 - 947 - 750 10,000 16,532 20,000 2,500 500 26,876 6,078 1,000 2,500 5,650 300 177,919 31.12.24 £ 5,143 |
31.12.23 £ 37,130 127,399 |
|---|---|---|
| 164,529 | ||
| 31.12.23 £ 15,000 2,500 3,000 30,000 8,000 9,900 1,000 25,000 25,000 2,000 1,000 4,999 - - - - - - - - - - - - |
||
| 127,399 | ||
| 31.12.23 £ 1,373 |
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Rekindle
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
4. CHARITABLE ACTIVITIES COSTS
| Mental Health & Wellbeing 5. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Rates and water Insurance Postage and stationery Sundries Other charitable activities Room Hire / Rent IT Costs Travel Depreciation Interest payable and similar charges |
Direct Costs (see note 5) £ 220,174 |
Support costs £ 1,538 31.12.24 £ 167,827 498 1,683 3,418 1,400 13,068 22,010 7,341 7 2,803 119 220,174 |
Totals £ 221,712 |
|---|---|---|---|
| 31.12.23 £ 107,284 5,960 1,563 4,572 598 11,806 9,277 4,575 132 3,737 121 |
|||
| 149,625 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
7. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Recovery Practitioners Administrators Counsellor Service Delivery Manager |
31.12.24 £ 157,996 5,003 4,828 167,827 31.12.24 2 2 2 1 7 |
31.12.23 £ 101,129 2,902 3,253 |
|---|---|---|
| 107,284 | ||
| 31.12.23 2 2 1 1 6 |
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Rekindle
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
7. STAFF COSTS - continued
No employees received emoluments in excess of £60,000.
The charity considers its key management personnel comprise the Board of Trustees who do not receive any form of remuneration.
| 8. COMPARATIVES FOR THE STATEMENT OF INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Mental Health & Wellbeing NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 January 2024 and 31 December 2024 2,866 DEPRECIATION At 1 January 2024 2,866 Charge for year - At 31 December 2024 2,866 NET BOOK VALUE At 31 December 2024 - At 31 December 2023 - |
FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ 154,629 9,900 1,373 - 156,002 9,900 152,275 - 3,727 9,900 181,456 - 185,183 9,900 Fixtures and Art Computer fittings Materials equipment £ £ £ 28,575 482 11,470 17,451 482 11,381 2,781 - 22 20,232 482 11,403 8,343 - 67 11,124 - 89 |
Total funds £ 164,529 1,373 |
|---|---|---|
| 165,902 | ||
| 152,275 | ||
| 13,627 181,456 |
||
| 195,083 | ||
| Totals £ 43,393 32,180 2,803 34,983 8,410 11,213 |
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Rekindle
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund funds £ £ Fixed assets 8,410 - Current assets 127,222 40,750 Current liabilities (8,591) - 127,041 40,750 13. MOVEMENT IN FUNDS At 1.1.24 £ Unrestricted funds General fund 185,183 Restricted funds Margaret Davies - Rent 9,900 Garfield Weston Foundation - Fine & Country Foundation - Postcode Community - 9,900 TOTAL FUNDS 195,083 |
31.12.24 £ 1,148 31.12.24 £ 8,023 568 8,591 31.12.24 Total funds £ 8,410 167,972 (8,591) 167,791 Net movement in funds £ (58,142) (9,900) 20,000 750 20,000 30,850 (27,292) |
31.12.23 £ 741 31.12.23 £ - 3,766 3,766 31.12.23 Total funds £ 11,213 187,636 (3,766) 195,083 At 31.12.24 £ 127,041 - 20,000 750 20,000 40,750 167,791 |
|---|---|---|
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Rekindle
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 154,431 Restricted funds Margaret Davies - Rent - Garfield Weston Foundation 20,000 Fine & Country Foundation 750 Postcode Community 20,000 40,750 TOTAL FUNDS 195,181 Comparatives for movement in funds At 1.1.23 £ Unrestricted funds General fund 181,456 Restricted funds Margaret Davies - Rent - TOTAL FUNDS 181,456 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 156,002 Restricted funds Margaret Davies - Rent 9,900 TOTAL FUNDS 165,902 |
Resources expended £ (212,573) (9,900) - - - (9,900) (222,473) Net movement in funds £ 3,727 9,900 13,627 Resources expended £ (152,275) - (152,275) |
Movement in funds £ (58,142) (9,900) 20,000 750 20,000 30,850 (27,292) At 31.12.23 £ 185,183 9,900 195,083 Movement in funds £ 3,727 9,900 13,627 |
|---|---|---|
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Rekindle
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 181,456 | (54,415) | 127,041 |
| Restricted funds | |||
| Garfield Weston Foundation | - | 20,000 | 20,000 |
| Fine & Country Foundation | - | 750 | 750 |
| Postcode Community | - | 20,000 | 20,000 |
| - | 40,750 | 40,750 | |
| TOTAL FUNDS | 181,456 | (13,665) | 167,791 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Margaret Davies - Rent Garfield Weston Foundation Fine & Country Foundation Postcode Community TOTAL FUNDS |
Incoming resources £ 310,433 9,900 20,000 750 20,000 50,650 361,083 |
Resources expended £ (364,848) (9,900) - - - (9,900) (374,748) |
Movement in funds £ (54,415) - 20,000 750 20,000 |
|---|---|---|---|
| 40,750 | |||
| (13,665) |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 13
Rekindle
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 12,119 | 37,130 |
| Grants | 177,919 | 127,399 |
| 190,038 | 164,529 | |
| Investment income | ||
| Deposit account interest | 5,143 | 1,373 |
| Total incoming resources | 195,181 | 165,902 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Events & Fundraising | 761 | - |
| Charitable activities | ||
| Wages | 157,996 | 101,129 |
| Social security | 5,003 | 2,902 |
| Pensions | 4,828 | 3,253 |
| Rates and water | 498 | 5,960 |
| Insurance | 1,683 | 1,563 |
| Postage and stationery | 3,418 | 4,572 |
| Sundries | 1,400 | 598 |
| Other charitable activities | 13,068 | 11,806 |
| Room Hire / Rent | 22,010 | 9,277 |
| IT Costs | 7,341 | 4,575 |
| Travel | 7 | 132 |
| Fixtures and fittings | 2,781 | 3,708 |
| Computer equipment | 22 | 29 |
| Bank Charges | 119 | 121 |
| 220,174 | 149,625 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 1,538 | 2,650 |
| Total resources expended | 222,473 | 152,275 |
| Net (expenditure)/income | (27,292) | 13,627 |
This page does not form part of the statutory financial statements
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