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2023-06-30-accounts

RICCALL REGEN 2000 FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2023

Company registration number 3905959 Charity number: 1075776

RICCALL REGEN 2000

I N D E X P A G E
_____________
REPORT OF THE DIRECTORS 1 - 6
INDEPENDENT EXAMINER’S REPORT 7
CONSOLDATED STATEMENT OF FINANCIAL ACTIVITIES 8 - 9
AND INCOME AND EXPENDITURE ACCOUNT
CONSOLIDATED BALANCE SHEET 10
BALANCE SHEET 11
NOTES TO THE ACCOUNTS 12 – 23

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2023

The trustees who are also the directors of the charity for the purposes of the Companies Act, present their annual report and unaudited accounts of the company for the year ended 30 June 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.

OBJECTIVES AND ACTIVITIES

Charitable objectives

The objects of the charity are:

The trustees have due regard to the Charity Commission’s guidance on public benefit, and ensure that the activities of the organisation meet those requirements.

Voluntary Help

Volunteers continue to be an important part of our organisation and we depend on their goodwill on an ongoing and ad hoc basis. Traditional activities, social and fundraising events could not happen without volunteer’s time and effort. Volunteers continue to help with catering, reception and carrying out all aspects of financial and accounting procedures.

ACTIVITIES AND PERFORMANCE

The Riccall Regen Centre had found itself in challenging financial circumstances and Trustees felt there was insufficient capacity and operational infrastructure to ensure a sustainable future.

Selby District Association of Voluntary Service (Working name: Up For Yorkshire) is the local voluntary sector support charity and were initially approached by Trustees of Riccall Regen 2000 in April 2022, to discuss options and solutions for how the centre can remain a viable and valuable asset for the community.

Up For Yorkshire (UFY) were invited to develop a proposal for how they could address current issues, whilst developing a strategy for the centre’s future. The proposal agreed has been for UFY is to work with the Trustees of Riccall Regen 2000 towards them taking on full legal, managerial, and operational responsibility for the centre.

The charity objectives of UFY align with the charitable objectives of Riccall Regen 2000, and their shared ambitions will enable a smooth transition of responsibilities and subsequent asset transfer, enabling the community to remain at the heart of the centre and its activities.

Trustees of both charities agreed to a Memorandum of Understanding (MOU) confirming their shared intention for UFY to take full responsibility for Riccall Regen 2000 and the Riccall Regen Centre, subject to due diligence, due process, charity specialist legal advice throughout and charity commission approval.

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

ACTIVITIES AND PERFORMANCE (CONTINUED)

Community Consultation Event

We held a Community Consultation event in December. Chris and Emily gave a short presentation about the work of UFY in general, and the ongoing plans and work to support the Regen Centre. Members of the public were able to ask questions and provide feedback and suggestions of their own. This also enables us to put to rest any rumours of closure.

The event provided a broad information giving opportunity, explaining that UFY have been asked by the Trustees to come in, work with and support the team to help secure the future of the centre. The feedback we obtained will support future funding bids, as well as informing strategy and decision making moving forward.

The open evening was advertised in the Riccall Beacon, which goes out to every household in Riccall, as well as on social media. We had approximately 20 attendees.

Events

Events continue to steadily increase, with weekends becoming much busier and more future larger bookings, such as weddings and parties, being made. These types of bookings are a huge amount of work and effort, but should bring in a good amount of return to be ploughed back into other areas of the charity. This is also something we are working with the Centre Manager on, to consider expenditure against income more carefully, so that all of this work is reflected in the bank account.

Marketing

A comms strategy is being prioritised, to ensure that the opportunities available at the Regen Centre are advertised and more fully communicated to the wider public. We have also had meetings with a local catering company, who will be holding some larger events of their own at the Centre, bringing in bar income.

A fresh look at the spaces available in the centre is allowing for new potential income streams to be considered. Storage is being thought about differently, and options for rentable office and studio spaces could be hugely beneficial.

Windmill Nursery

The Nursery had been struggling for some time, and the financial position of the Nursery, and the Regen Centre in general, is what led to the Regen Board to approaching Up for Yorkshire for help and support. On top of financial pressures, the Nursery has had to face ongoing juggles and complications with staff changes, shortages, and sickness.

For almost a year we have been working to try and resolve ongoing issues and turn the Nursery around, doing everything we can to find a solution and sustainable way forward. This included exploring the option of a sale of the nursery. However, after three-months of attempting to sell, it became clear that this was not going to happen. Two separate businesses were very interested in taking the nursery on, but after closer inspection of the size, scale, and financial expectations of the nursery, they pulled out, stating that it would not be a viable concern.

After exhausting all possibilities, we reached the point where there was no alternative but to close the Nursery. This was not a decision we reached lightly, but it became more and more apparent that the constant drain on time, energy and finances from the nursery was in fact putting the rest of the centre at risk. The Regen 2000 trustees and Up for Yorkshire trustees agreed.

We navigated the closure process as carefully and sensitively as we possibly could. We firstly informed all the staff and explained that a consultation period would happen, which involved meeting with them all individually and working through the process of a redundancy consultation. Justine rang every parent directly, on the same evening as telling staff, to ensure that they were aware and could ask questions.

We gave everyone a full four-weeks’ notice, so that no one was left without childcare and staff had time to look for alternative employment.

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

ACTIVITIES AND PERFORMANCE (CONTINUED)

For Nursery Parents: We knew that parent’s would require certainty and with that in mind, and to assist parents in finding alternative nursery provision, we liaised with the owner of ‘Mill House Nursery’. This is the closest nursery to the Regen Centre geographically, and had opened on Escrick Business Park, and confirmed that they could accommodate any child wanting a place at their nursery.

Mill House Nursery also agreed to hold an open morning, specifically for Windmill Parents, to pop in and have a look at the setting and find out more. They also offered an interview to any member of Windmill Nursery staff interested in working for them.

For Space Base Parents: We worked closely with Ruth Newton, who runs ‘Zac’s Club’, an out of school provision already provided at Riccall School. Ruth was able to offer all the children who attended the Regen Centre out of school club a place a Zac’s Club, with a seamless transition, starting from the Monday straight after the Friday we closed.

This approach enabled us to keep control of the news and how this broke, all those directly involved were told in person and then we were able to put out our own social media announcement, ensuring the messaging surrounding this was as positive as it could be.

We worked closely with the solicitors to ensure we carried everything out correctly and are pleased to report that all the staff have found new jobs elsewhere and feedback from parents was surprisingly positive and supportive. It was important that this process didn’t damage the Regen Centre reputation, and that we were able to support the community through this change. We managed to do this well.

The nursery and out of school club closed on Friday 16th June.

Some Great News and Progress

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

FINANCIAL REVIEW

By reviewing the finances at Riccall, particularly the outgoings, we have begun looking at how we can make some serious cost savings. Some of these decisions are straight forward, for example a full review of the vending and coffee machines has shown that these machines cost more to lease each month than they bring in. Therefore, they will be returned.

The biggest outgoing for the centre is staffing. We have been working closely with the Centre manager to review this and keep staff costs down, particularly with events and use of add-hock staff.

Total expenditure exceeded income by £80,705 including depreciation of £19,873 (2022: £37,941 deficit) as shown in the Statement of Financial Activities.

Reserves Policy

The directors have a policy whereby unrestricted funds not invested in fixed assets or designated for a special purpose or commitments (the free reserves) should be as close as possible to the level of some three months of normal expenditure. This is so we are able to continue our activities in the event of a significant drop in income.

The directors are aware of the current situation and recognise that achieving such a level will be extremely difficult and are currently implementing plans to first turn round the current deficit in funds and further to move toward the target in the longer term. There are currently no free reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Riccall Regen 2000 is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association dated 13 January 2000 as amended.

Appointment of directors

As set out in the Articles of Association directors are appointed by recommendation of the current directors at a general meeting of the company.

One third of the directors at the date of the annual general meeting are subject to retirement by rotation. There is no maximum number of directors but there is a minimum number of three.

Director induction

Directors receive a briefing pack outlining their responsibilities when they join the board, which helps brief them regarding their responsibilities under company and charity law. This is supported by one to one conversations with the centre manager and the chairman of the board of directors.

Organisation

The board of directors meet regularly to administer the charity. The finance and personnel committees meet as required.

Risk management

The directors have examined the major risks to which the charity is exposed and systems have been established to mitigate these risks.

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

PLANS FOR FUTURE PERIODS

Legal Transfer

UFY have been working closely with their charity specialist solicitor to enable the process of restructuring the charity Riccall Regen 2000 and the company Riccall Regen Bar CIC to be a subsidiary of UFY. One of the main advantages from a legal perspective, a restructure is relatively straightforward as we do not need to legally transfer ownership of land, assets and contracts.

Riccall Regen 2000 will continue as a separate legal entity to UFY and be administered and managed as a separate entity going forward. This helps to protect the aims and objectives of Riccall Regen 2000. It will allow UFY to oversee and manage Riccall Regen, to provide financial and practical support, and to use its own Trustees, staff team and assets to the benefit of the organisation, more formally.

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity Name Riccall Regen 2000
Charity Registration Number 1075776
Company Registration Number 3905959
Registered Office and
Principal Address The Regen Centre
Landing Lane
Riccall
York
YO19 6PW
Directors/Trustees S Noble Chair
S Frost
N Morton
N R Shouksmith
G M Stockill
L Wheeler
S Wheeler
C Edwards
Company Secretary G M Stockill
Centre Manager J Hodgson
Advisers
Independent Examiner Bankers
Frances Howard FCA Virgin Money
Fortus Ltd 16 Market Cross
Business Advisors Selby
and Accountants North Yorkshire
Equinox House YO8 4NU
Clifton Park
Shipton Road
York
YO30 5PA

RICCALL REGEN 2000

DIRECTORS REPORT FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

Trustees responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the Riccall Regen 2000 for the purposes of company law) are responsible for preparing a directors report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report is prepared in a accordance with the provisions applicable to small companies.

Approved by order of the board of trustees on 27 June 2024 and signed on its behalf by:

S Noble Director The Regen Centre Landing Lane Riccall York YO19 6PW

`

RICCALL REGEN 2000

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 30 JUNE 2023

I report to the charity trustees on my examination of the accounts of Riccall Regen 2000 for the year ended 30 June 2023 which comprise the consolidated statement of financial activities, the consolidated balance sheet, the balance sheet and related notes.

Responsibilities and basis of report

As the charity 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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW which is a listed body.

I have completed my examination and identified a matter of concern that gives me reasonable cause to believe that:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act.

Due to fundamental accounting errors in the use of control accounts and the books of prime entry, it was not possible to conclude that the accounting records were up to date so that the charity’s financial position can be determined on any selected date and at the end of the financial year. As a consequence of these errors, the allocation of income between headings within the notes to the sofa are estimated.

I confirm that no other matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I confirm that there are 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 financial statements to be reached.

Frances Howard FCA Fortus Ltd Business Advisors and Accountants Equinox House, Clifton Park Shipton Road, York YO30 5PA

27 June 2024

RICCALL REGEN 2000

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

Unrestricted funds Unrestricted funds
Continuing Discontinued Restricted 2023 2022
Note operations operations fund Total Total
£ £ £ £ £
INCOME
Charitable activities 4 84,046 205,686 - 289,732 299,195
Other trading activities 2 62,648 - - 62,648 60,961
______ ______ ______ ______ ______
Total income 146,694 205,686 - 352,380 360,156
______ ______ ______ ______ ______
EXPENDITURE
Raising funds 3 67,329 - - 67,329 57,789
Charitable activities 4 172,457 176,559 16,740 365,756 340,308
______ ______ ______ ______ ______
Total expenditure 239,786 176,559 16,740 433,085 398,097
______ ______ ______ ______ ______
Net (expenditure)/income (93,092) 29,127 (16,740) (80,705) (37,941)
Transfers between funds 31,105 (31,105) - - -
______ ______ ______ ______ ______
Net movement in funds (61,987) (1,978) (16,740) (80,705) (37,941)
Reconciliation of funds:
Total funds brought forward 90,855 1,978 1,034,951 1,127,784 1,165,725
__ __ __ __ __
Total funds carried forward 28,868 - 1,018,211 1,047,079 1,127,784

The statement of financial activities includes all gains and losses recognised in the year.

RICCALL REGEN 2000

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

PRIOR YEAR

Unrestricted Restricted 2022 2021
Note fund fund Total Total
£ £ £ £
INCOME
Charitable activities 4 299,195 - 299,195 278,544
Other trading activities 2 60,961 - 60,961 16,295
______ _____ ______ ______
Total income 360,156 - 360,156 294,839
______ _____ ______ ______
EXPENDITURE
Raising funds 3 57,789 - 57,789 16,658
Charitable activities 4 315,800 24,508 340,308 305,776
______ _____ ______ ______
Total expenditure 373,589 24,508 398,097 322,434
______ _____ ______ ______
Net (expenditure)/income (13,433) (24,508) (37,941) (27,595)
Transfers between funds - - - -
______ ______ _____ ______
Net movement in funds (13,433) (24,508) (37,941) (27,595)
Reconciliation of funds:
Total funds brought forward at 30 June 2021 106,266 1,059,459 1,165,725 1,193,320
__ __ __ __
Total funds carried forward at 30 June 2022 92,833 1,034,951 1,127,784 1,165,725

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

RICCALL REGEN 2000 (Company number 3905959)

CONSOLIDATED BALANCE SHEET AT 30 JUNE 2023

Note
£
FIXED ASSETS
Tangible fixed assets
10
CURRENT ASSETS
Stocks
2,322
Debtors
11
25,742
Cash at bank and in hand
11,473
__
39,537
CREDITORS- Amounts falling due within one year
12
(69,891)
_
NET CURRENT ASSETS
CREDITORS –Amounts falling due after one year
14
NET ASSETS
THE FUNDS OF THE CHARITY
Restricted fund
16
Unrestricted funds
General fund
15
10,965
Non-Charitable trading funds
17,903
____
17		 2023
£
1,077,433
(30,354)
-
_
1,047,079
1,018,211
28,868
_
1,047,079		 2022
£
1,096,167
4,054
44,609
57,835
__
106,498
(71,881)
_
34,617
(3,000)
_
1,127,784

1,034,951
73,145
19,688
__
92,833
______
1,127,784

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not require the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

These financial statements were approved by the trustees on 27 June 2024 and are signed on their behalf by:

………………………………………………… S Noble

........................................................................... G Stockill

RICCALL REGEN 2000 (Company number 3905959)

BALANCE SHEET AT 30 JUNE 2023

Note
£
FIXED ASSETS
Tangible fixed assets
10
Investments
5
CURRENT ASSETS
Debtors
11
25,742
Cash at bank and in hand
8,099
_
33,841
CREDITORS- Amounts falling due within one year
12
(82,198)
___
NET CURRENT ASSETS
CREDITORS –Amounts falling due after one year
14
NET ASSETS
THE FUNDS OF THE CHARITY
Restricted fund
16
Unrestricted fund
15		 2023
£
1,077,433
100
(48,357)
-
_
1,029,176
1,018,211
10,965
_
1,029,176		 2022
£
1,096,167
100
44,609
42,485
__
87,094
(72,265)
_
14,829
(3,000)
_
1,108,096

1,034,951
73,145
______
1,108,096

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not require the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

These financial statements were approved by the trustees on 27 June 2024 and are signed on their behalf by:

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………………………………………………… ........................................................................... S Noble G Stockill

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of Accounting

Riccall Regen 2000 is a charitable company and is registered in England. In the event of the company being wound up or dissolved, funds remaining after all debts and liabilities are settled will be transferred to a similar institution with similar charitable objectives. The charity’s registered office and the nature of the charity’s operations and principal activities are stated on the report of the board of trustees.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

Riccall Regen 2000 meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in sterling which is the functional currency of the charity.

Group financial statements

These financial statements consolidate the results of the charity and its wholly owned subsidiary Riccall Regen Bar CIC on a line by line basis. A separate statement of financial activities, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

Going concern

At the time of approving the financial statements the trustees have a reasonable expectation that with the support of Up For Yorkshire (Selby AVS) that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee continue to adopt the going concern basis of accounts in preparing the financial statements.

Donations and Grants

Income from donations and grants, including capital grants, are included in income when these are receivable, except as follows:

When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in income of restricted funds when receivable.

All other income is included on the statement of financial activities on a receivable basis.

Expenditure

Expenditure is included in the statement of financial activities on an accruals basis and has been classified under headings that aggregate all costs related to the category.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

Tangible Fixed Assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold property Equipment Office equipment Fixtures and fittings Nursery equipment Computer equipment

Over term of lease 10% straight line 20% straight line 20% straight line 20% straight line 33.3% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value.

Pension costs

Riccall Regen contributes to defined contribution pension schemes. The assets of the schemes are held separately from those of the charity. Pension costs charged in the statement of financial activities represent the contributions payable by the charity in the year.

Fund Accounting

Funds held by the charity are either:

The parent and subsidiary share the same purpose, and therefore the unrestricted funds of Riccall Regen Bar CIC are a component of the unrestricted funds of the group.

Operating Lease

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the leasor are charged against profits on a straight line basis over the period of the lease.

Debtors and Creditors

Debtors and creditors are recorded when receivable or payable.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors that are classified as debt, are recognised at transaction price unless the arrangement constitutes a financial transaction.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

2.
OTHER TRADING ACTIVITIES
2023
2023
Unrestricted Restricted
£
£
Catering
7,044
-
Bar
55,604
-
__

62,648
-

3.
RAISING FUNDS
Catering
11,628
-
Bar
55,701
-

__
67,329
-

4.
CHARITABLE ACTIVITIES
2023
2023
Unrestricted Restricted
£
£
Income was received for:
Riccall Regen Centre
84,046
-
Windmill Nursery
177,710
-
Space Base
27,976
-
__

289,732
-
Expenditure on projects:
Riccall Regen Centre
172,457
16,740
Windmill Nursery
170,477
-
Space Base
6,082
-

___
349,016
16,740		 2023
2022
2022
Total
Unrestricted Restricted
£
£
£
7,044
6,912
-
55,604
54,049
-
__
_

62,648
60,961
-
11,628
23,649
-
55,701
34,140
-
__
_

67,329
57,789
-
2023
2022
2022
Total
Unrestricted Restricted
£
£
£
84,046
60,233
-
177,710
196,952
-
27,976
42,010
-
__
_
__
289,732
299,195
-
189,197
139,396
24,508
170,477
170,034
-
6,082
6,370
-
__
_
___
365,756
315,800
24,508		 2022
Total
£
6,912
54,049
__
60,961
23,649
34,140
_
57,789
2022
Total
£
60,233
196,952
42,010

299,195
163,904
170,034
6,370
___
340,308

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

5. TRADING SUBSIDIARY

The wholly owned trading subsidiary, Riccall Regen Bar CIC (company number 11546921), which was incorporated in England and Wales on 1 September 2018, plans to donate its profits to the charity by gift aid. The charity owns the entire issued share capital of 100 ordinary share of £1. A summary of the trading results is shown below:

Summary profit and loss account 2023 2022
£ £
Turnover 55,604 54,049
Cost of sales (17,787) (18,839)
Administration expenses (37,914) (15,301)
______ ______
Net profit (97) 19,909
Amount gifted to the charity (1,688) -
____ ____
Retained in subsidiary (1,785) 19,909
The assets and liabilities of the subsidiary were:
Current assets 21,551 21,825
Creditors: amounts falling due within one year (3,548) (2,037)
_____ _____
Total net assets 18,003
 19,788
Called up share capital 100 100
Profit and loss reserves 17,903 19,688
_____ _____
Aggregate share capital and reserves 18,003 19,788

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

6. GRANTS & DONATIONS RECEIVABLE

2023
2023
2023
Unrestricted Restricted
Total
£
£
£
The following grants and
donations were included in
charitable activities:
Selby District Council grants
-
-
-
HMRC CJRS
-
-
-
_
__
_____
-
-
-
GOVERNANCE COSTS
2023
2023
2023
Unrestricted Restricted
Total
£
£
£
Accountancy fees
5,755
-
5,755
STAFF COSTS
Consolidated staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension
Average number of employees during the year		 2022
2022
Unrestricted Restricted
£
£
6,000
-
512
-
_

6,512
-
2022
2022
Unrestricted Restricted
£
£
5,092
-
2023
£
249,745
5,553
2,459
___
257,757
25		 2022
Total
£
6,000
512
_
6,512
2022
Total
£
5,092
2022
£
232,497
4,175
3,058
____
239,730
24

7.

8. STAFF COSTS

No employee earned £60,000 per annum or more during the current or prior year.

The total paid for key management personnel during the year was £35,197 (2022: £35,996).

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

9. MOVEMENT IN TOTAL FUNDS FOR THE YEAR

MOVEMENT IN TOTAL FUNDS FOR THE YEAR
2023 2022
This is stated after charging: £ £
Depreciation 19,873 28,523
Accountancy fees:
Independent examination and accounts preparation 4,248 2,689
Subsidiary accounts and corporation tax return preparation 1,230 1,301
Payroll services 1,254 1,102

10. TANGIBLE FIXED ASSETS

GROUP & COMPANY
Cost
Balance at 1 July 2022
Additions
Disposals
Balance at
30 June 2023
Depreciation
Balance at 1 July 2022
Charge for year
Disposals
Balance at
30 June 2023
Net book value
at 30 June 2023
Net book value
at 30 June 2022		 Leasehold
property Equipment
£
£
1,401,786
92,120
-
-
-
-

__
_
1,401,786
92,120
__

312,628
90,345
14,170
242
-
-


__
326,798
90,587
__
___
1,074,988
1,533

1,089,158
1,775
 Nursery
equipment
£
45,954
-
(45,954)
_
-

45,954
-
(45,954)
__
-
_____
-
-		 Fixtures &
fittings

£
90,762
1,139
-
_
91,901

85,702
5,287
-
__
90,989
_____
912

5,060
 Computer
Office
equipment equipment Total
£
£
£
82,501
17,529 1,730,652
-
-
1,139
-
-
(45,954)
_
 _
82,501
17,529 1,685,837

 _
82,501
17,355
634,485
-
174
19,873
-
-
(45,954)
__
_
_
82,501
17,529
608,404
__
_
____
-
- 1,077,433
-
174 1,096,167

The company has signed a 99 year lease which started from 30 September 1999.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

11. DEBTORS AND PREPAYMENTS
Group Company Group Company
2023 2023 2022 2022
£ £ £ £
Trade debtors 15,502 15,502 35,741 35,741
Prepayments 10,240 10.240 8,868 8,868
______ ______ _____ ______
25,742
 25,742
 44,609
 44,609
12. CREDITORS - Amounts falling due within one year Group Company Group Company
2023 2023 2022 2022
£ £ £ £
Loans 33,000 33,000 6,000 6,000
Trade creditors 17,584 15,470 12,082 11,365
Other creditors 6,566 6,566 2,522 2,522
Tax and social security 3,975 3,975 1,449 1,449
Accruals 8,766 7,331 6,726 5,406
Deferred income (see note 13) - - 43,102 43,102
Amounts due to subsidiary company - 15,856 - 2,421
______ ______ ______ ______
69,891
 82,198
 71,881
 72,265
13. DEFERRED INCOME 2023 2022
£ £
Balance brought forward 43,102 43,888
Release in year (43,102) (43,788)
Deferred in year - 43,002
_____ ______
Balance at 30 June 2023 - 43,102
_____ ______
Relating to less than one year - 43,102
_____ ______
Deferred income related to room hire in advance, Windmill Nursery and event deposits.
14. CREDITORS – Amounts falling due after one year Group Company Group Company
2023 2023 2022 2022
£ £ £ £
Bank loans - - 3,000 3,000
______ ______ _____ ______
-
 -
 3,000
 3,000

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

15. UNRESTRICTED FUNDS

UNRESTRICTED FUNDS
As at Consolidation As at
1 July 2022 Income Expenditure adjustments 30 June 2023
£ £ £ £
Unrestricted funds
General 73,145 296,776 (360,644) 1,688 10,965
Non-charitable trading
funds 19,688 55,604 (55,701) (1,688) 17,903
______ ______ _____ _____ ______
92,833 352,380 (416,345) - 28,868

Unrestricted funds

Non-charitable trading funds are retained profits held in Riccall Regen Bar CIC.

As at Consolidation As at
1 July 2021 Income Expenditure adjustments 30 June 2022
£ £ £ £
Unrestricted funds
General 106,487 306,107 (339,449) - 73,145
Non-charitable trading
funds (221) 54,049 (34,140) - 19,688
______ ______ _____ _____ ______
106,266 360,156 (373,589) - 92,833

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

16. RESTRICTED FUNDS

RESTRICTED FUNDS

Opening
Balance
£
Capital fund
1,031,156
Kitchen refurbishment fund
550
Changing places/automatic doors fund
3,245
_
1,034,951

Opening
Balance
£
Capital fund
1,044,651
Kitchen refurbishment fund
550
Refurbishment fund
5,000
Changing places/automatic doors fund
9,258
_
1,059,459		 2023
Movement
Transfers to
Closing
Income
Expenditure General Funds Balance
£
£
£
£
-
(13,495)
-
1,017,661
-
-
-
550
-
(3,245)
-
-
_


_
-
(16,740)
-
1,018,211
2022
Movement
Transfers to
Closing
Income
Expenditure General Funds Balance
£
£
£
£
-
(13,495)
-
1,031,156
-
-
-
550
-
(5,000)
-
-
-
(6,013)
-
3,245
__
_

_____
-
(24,508)
-
1,034,951

The difference between the grants received and the fund balance at 30 June 2023 relates to depreciation charged on the assets purchased.

The Capital Fund was established to provide the building and equipment needed for a Community Centre at Landing Lane.

The Kitchen Refurbishment Fund are funds given by Drax and WHSmith towards the cost of a kitchen refurbishment.

The Refurbishment Fund (2022 only) are funds given by Power2Change towards refurbishing the centre.

The Changing Places/Automatic Doors Fund are funds given by Drax, Daniel Gath Homes, Hedley Foundation, Norman Collinson, Persimmon, YBS charitable trust, Co-op Foundation, Warburtons, Morrisons foundation, Tesco Bags of Help, Gannett foundation and Screwfix foundation towards providing changing and easy access facilities for the less able.

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at 30 June 2023 are represented by:

Net
Tangible current assets/ Non-current
fixed assets (liabilities) liabilities Total
£ £ £ £
Restricted funds
Capital fund 1,017,661 - - 1,017,661
Kitchen refurbishment fund - 550 - 550
Unrestricted funds
General fund 59,772 (30,904) - 28,868
_ _ ______ _
1,077,433 (30,354) - 1,047,079

Fund balances at 30 June 2022 are represented by:

Net
Tangible current assets/ Non-current
fixed assets (liabilities) liabilities Total
£ £ £ £
Restricted funds
Capital fund 1,031,156 - - 1,031,156
Kitchen refurbishment fund - 550 - 550
Changing places/ automatic doors fund 3,245 - - 3,245
Unrestricted funds
General fund 61,766 34,067 (3,000) 92,833
_ _ ______ _
1,096,167 34,617 (3,000) 1,127,784

RICCALL REGEN 2000

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 (CONTINUED)

18. RELATED PARTIES

Justine Hodgson, the daughter of Noel Shouksmith is employed as Centre Manager and was paid £31,376 (2022: £32,571) for the role.

Noel Shouksmith’s son in law, Craig Hodgson earned £870 (2022: £2,467) and Noel Shouksmith’s granddaughter, Ciccone earned £nil (2022: £461).

During either year no trustee was reimbursed for travel expenses and no trustees received any remuneration.

19. COMMITMENTS

At 30 June 2023 the company had the following total commitments under non-cancellable operating leases:

leases:
2023 2022
£ £
Operating lease which expires:
Within one year 282 1,320
Within two to five years - 282
_____ ____
282 1,602

20. LEGAL STATUS

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is £1.

21. RESULTS OF RICCALL REGEN 2000

The gross income of the charity for the year was £298,464 (2022: £306,107) and the result of the charity for the year was a net deficit of £78,921 (2022: deficit £57,850).