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2024-03-31-accounts

Charity registration number 1086299 (England and Wales) Company registration number 04172859

RELATE NOTTINGHAMSHIRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

RELATE NOTTINGHAMSHIRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms J Rodrigues (Appointed 14 March 2024)
Mrs P Strutton (Appointed 9 May 2024)
Ms B Dunleavy (Appointed 29 May 2024)
Ms S Mcewen (Appointed 1 September
2024)
Ms E Keyes (Appointed 1 September
2024)
Mr L Hardy (Appointed 31 October 2024)
Senior management Ms D Corah Chief Executive Officer
Mr J Knight Supervisor
Ms H Luck Supervisor
Charity number 1086299
Company number 04172859
Registered office 6 Sherwood Rise
Nottingham
NG7 6JF
Independent examiner Rogers Spencer
Newstead House
Pelham Road
Nottingham
NG5 1AP
Bankers Unity Trust Bank Plc
Nine Brindley Place
4 Oozells Square
Birmingham
B1 2HB
Solicitors Eversheds
Water Court
116-118 Canal Street
Nottingham
NG1 7HF

RELATE NOTTINGHAMSHIRE

CONTENTS

Page
Trustees' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7 - 8
Balance sheet 9
Notes to the financial statements 10 - 19

RELATE NOTTINGHAMSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees have pleasure in presenting their report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

The principal activities of the company are the general provision of relationship counselling and psychosexual therapy together with life skills training, to the people of Nottinghamshire.

Utilising the financial security through the sale of the property, the Operations Director and Trustees conducted research and analysis to compile a business plan to sustain and expand services. However the Charity continued to be loss making on a monthly basis. In January 2024 the Chair, Tricia Wray resigned and was replaced by a new Chair, Penny Strutton in May 2024. Come October 2024 the Board had been fully replaced with a professional group of people that forms a solid strategic and support structure. The Operations Director was also replaced in October 2024 with a new Chief Executive who has the full set of skills and experience to develop the organisation.

Organisational Structure

The organisation is controlled by the Board of Trustees, who meet six times per annum. It is responsible for the overall governance and strategic direction of the Charity, developing its aims, objectives and goals in accordance with the Articles of Association, legal requirements and regulatory guidelines.

Structure, governance and management

The Trustees for the year are as shown below. Each Trustee is a member and a director of the company for purposes of the Companies Act. The liability of each member is limited to £1.

Mr G Hizsak (Resigned 24 September 2023) Mrs P Wray (Resigned 11 January 2024) Mr J Fryer (Resigned 1 September 2024) Mr C Banks (Resigned 1 September 2024) Ms J Rodrigues (Appointed 14 March 2024) Ms D Smith (Resigned 1 September 2024) Ms D Sheahan (Resigned 9 July 2024) Mrs P Strutton (Appointed 9 May 2024) Ms B Dunleavy (Appointed 29 May 2024) Ms S Mcewen (Appointed 1 September 2024) Ms E Keyes (Appointed 1 September 2024) Mr L Hardy (Appointed 31 October 2024)

RELATE NOTTINGHAMSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees of Relate Nottinghamshire have paid due regard to the Charity Commission guidance on public benefit reporting when reviewing the organisation's aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities contribute to the stated aims and objectives. The aims and objectives are reviewed annually and compare the outcomes of each key activity with the benefit brought to those people identified in need of support through counselling. Consideration is given to the accessibility of its services and that its objectives for equal access are being met.

The objects for which Relate Nottinghamshire is established are:

Statement of Common Purpose

Relate's role is to help people build better couple relationships by:

Relate aims to deliver its services with cultural sensitivity and without discrimination. It believes that:

Activities

Relate Nottinghamshire is a recognised expert provider of relationship counselling and its mission is to help people improve their relationships through quality counselling and life skills education. It is therefore committed both to maintaining the highest standards in service delivery and to being responsive to the needs of users in developing its services. The services available to clients in Nottinghamshire include:-

RELATE NOTTINGHAMSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Counselling services are delivered to members of the public at Relate premises, online and by telephone. Clients are required to pay for their counselling, but for those with limited financial resources, a bursary is offered, meaning a greatly reduced fee is asked for. Where we are funded to deliver a service to a particular community, working in partnership with other organisations, then counselling is free at the point of delivery. We also provide counselling under contract for some local employers.

Demand for our services comes mainly through self-referral, along with signposting from General Practitioners and other agencies. Clients are given an initial assessment of their needs and can identify whether our service is appropriate for them.

The organisation is fully committed to the active promotion of equal opportunities in its employment practices, in the delivery of its services and all its other activities.The organisation's work is based upon its Statement of Common Purpose, which includes the acceptance that in a diverse society its concept of marriage and other committed adult relationships, must encompass differing cultural understandings. The services delivered are not dependent on any one theoretical or professional view of marriage, family or sexual relationships. Nor, since its work is for the benefit of the whole community, can it be committed to any one sectional, social, political, cultural or religious view of relationships.

Summary Financial Report

Full details of the financial activities of the charity are available separately and this account is a very brief description of the results.

The capital gained through the sale of the property continues to support ongoing service delivery due to the charity currently being loss making on a monthly basis. This money is accessed sparingly and once the charity is breaking even, the Trustees will identify options for providing bursaries to clients who cannot afford the full fees, and broader relationship education in the community. The money is invested in a high interest bank account.

Values are given to the nearest thousand. The overall result for the year 2023/24 was a net expenditure of £91k for the year, in comparison to the net income in 2022/23 of £38k. This was largely due to a decrease in income received and no grant income received in the year.

There was also a reduction in expenditure, largely in staffing costs, which reduced by £22k from the previous year, reducing headcount down from 18 to 13. Due to the sale of the property in the previous year, we have seen an increase in Rent charges, due to renting a leased office area. Mostly all other costs are in line with the previous year.

There has been a decrease in net assets from £298k to £208k but the charity remains solvent with reserves in a position to sustain the charity for another year.

The charity operates a Client Relationship Management System which records appointments, as well as the related fee due to the charity for the appointment. This is now working well, and we are collecting client's fees in a timely manner.

RELATE NOTTINGHAMSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Risk Management

The Trustees throughout the year consider potential risks to the charity, and make plans to minimise or manage those risks should they materialise.

This work has identified that financial sustainability is the major risk for the charity, but the sale of our premises has ensured the charity's future for some years to come, plus the introduction of a more streamlined workforce.. A shortage of counsellors has been another identifiable risk, but we now have trainee counsellors working with us as part of our succession planning.

Reserves Policy

The Trustees wish to maintain a level of reserves which will enable the charity to meet its financial obligations should there be a temporary reduction in planned income. The reserves policy is reviewed annually and Trustees agreed to set the level of reserves needed at three month's running costs. They confirm that the reserves held at 31 March 2024 were adequate for this purpose.

Recruitment and Appointment of Executive Committee

The directors/Trustees under the Company's Articles of Association are allowed to hold the position for a maximum of 8 years, after which they will step down. Trustees are recruited to the Board as a vacancy arises, or as a particular expertise is identified, which Board members do not currently offer.

The Board of Trustees seeks to ensure that a diversity of social/cultural backgrounds and a broad skill mix are represented among its members. Business, clinical, legal, people, business development and financial are represented. Each member of the Board is asked to take responsibility for a particular area of interest including fundraising, business planning, finance and equality and diversity.

Trustee induction and training

Potential new directors/Trustees will in the first instance be invited to a meeting with several trustees, in order to assess that the candidate brings to the role what is needed on the Board. The candidate also finds out more about the organisation, its operations and its expectations of Trustees, and the opportunities for becoming involved in its work. If the outcome is positive, the new trustee will be coupled with an experienced member of the board who will act as their mentor over the next few months. The new trustee is provided with a copy of the Trustee Induction Pack which provides a wide variety of information including:-

RELATE NOTTINGHAMSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees' report was approved by the Board of Trustees.

Ms J Rodrigues Trustee Dated: 30 January 2025

RELATE NOTTINGHAMSHIRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RELATE NOTTINGHAMSHIRE

I report to the charity Trustees on my examination of the financial statements of Relate Nottinghamshire (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 that in any material respect:

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 financial statements to be reached.

Melvin Bailey FCCA DChA for and on behalf of Rogers Spencer Chartered Accountants Newstead House Pelham Road Nottingham NG5 1AP

Dated: 30 January 2025

RELATE NOTTINGHAMSHIRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Current financial year
Unrestricted
Designated
Restricted
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
2
440
-
-
Charitable activities
3
104,576
-
-
Investments
4
2,666
-
-
Other income
5
-
-
-
Total income
107,682
-
-
Expenditure on:
Charitable activities
6
194,919
920
2,667
Net (expenditure)/income for the year/
Net movement in funds
(87,237)
(920)
(2,667)
Fund balances at 1 April 2023
260,608
21,416
16,578
Fund balances at 31 March 2024
173,371
20,496
13,911		 Total
2024
£
440
104,576
2,666
-
107,682
198,506
(90,824)
298,602
207,778		 Total
2023
£
14,789
153,149
95
90,423
258,456
220,245
38,211
260,391
298,602

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

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

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

RELATE NOTTINGHAMSHIRE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Prior financial year

Unrestricted
Designated
Restricted
funds
funds
funds
2023
2023
2023
Notes
£
£
£
Income and endowments from:
Donations and legacies
2
6,789
-
8,000
Charitable activities
3
142,349
-
10,800
Investments
4
95
-
-
Other income
5
90,423
-
-
Total income
239,656
-
18,800
Expenditure on:
Charitable activities
6
218,023
-
2,222
Gross transfers between funds
1,877
-
(1,877)
Net (expenditure)/income for the year/
Net movement in funds
23,510
-
14,701
Fund balances at 1 April 2022
237,098
21,416
1,877
Fund balances at 31 March 2023
260,608
21,416
16,578		 Total
2023
£
14,789
153,149
95
90,423
258,456
220,245
-
38,211
260,391
298,602

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

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

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

RELATE NOTTINGHAMSHIRE

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Designated funds
17
Unrestricted funds		 2024
£
12,090
216,629
228,719
(25,683)
20,496
173,371		 £
4,742
203,036
207,778
13,911
193,867
207,778		 2023
£
17,224
277,988
295,212
(5,058)
21,436
260,588		 £
8,448
290,154
298,602
16,578
282,024
298,602

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 30 January 2025

Ms J Rodrigues Trustee

Company Registration No. 04172859

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Relate Nottinghamshire is a private company limited by guarantee incorporated in England and Wales. The registered office is 96 Mansfield Road, Nottingham, NG1 3HD.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Income is reducing, however so the charity plans to sell the freehold property at a significant value to enable operations to continue. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Designated funds comprise unrestricted funds which have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure recognition

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment 25% reducing balance basis Computers 33% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

1.8 Retirement benefits

The company participates in a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The amount charged as expenditure represents the contributions payable to the scheme in respect of the accounting period.

1.9 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

2 Donations and legacies

Forman Hardy Trust
JN Derbyshire Trust
The Jessie Spencer Trust
The Lady Hind Trust
Southwell & District Club
East Midlands Chamber Commerce House
Other grants & donations
Charitable activities
Counselling
Nottingham Community grant
Analysis by fund
Unrestricted funds - general
Restricted funds		 Total
2024
£
-
-
-
-
-
-
440
440
2024
£
104,576
-
104,576
104,576
-		 Total
2023
£
250
2,750
750
2,000
500
8,000
539
14,789
2023
£
142,349
10,800
153,149
142,349
10,800

3 Charitable activities

4 Investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Bank interest receivable 2,666 95

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Other income

Net gain on disposal of tangible fixed assets Total Unrestricted
funds
2024
2023
£
£
-
90,423
-
90,423		 Total Unrestricted
funds
2024
2023
£
£
-
90,423
-
90,423
90,423

6 Charitable activities

Staff costs
Depreciation and impairment
Staff training
Rent, rates and water
Management charges
Insurance
Light and heat
Cleaning
Repairs and maintenance
Printing, postage and stationery
Advertising and recruitment
Telephone
Computer running costs
Room Hire
Bank charges
Sundry expenses
Bad debts
Travel costs
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds		 Total
2024
£
133,306
3,706
4,536
12,446
12,542
1,199
(67)
-
(148)
371
570
4,787
2,099
1,193
139
187
9,885
2,002
188,753
9,753
198,506
194,919
920
2,667
198,506		 Total
2023
£
167,338
2,520
5,752
1,810
12,908
2,423
4,172
213
1,285
1,653
463
4,515
2,799
1,398
1,039
1,083
-
-
211,371
8,874
220,245
218,023
-
2,222
220,245

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7 Governance costs

Staff costs
Independent examiner's fees
Professional fees		 2024
£
2,733
6,889
131
9,753		 2023
£
2,226
2,910
3,738
8,874

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the current or prior year and reimbursed expenditure to trustees amounted to £nil (2023: £nil).

9 Employees

Number of employees

The average monthly number of employees during the year was:

Employees
Employment costs
Wages and salaries
Other pension costs
Remuneration of key management personnel
The remuneration of key management personnel is as follows:
Aggregate compensation		 2024
Number
13
2024
£
134,129
1,910
136,039
45,547		 2023
Number
18
2023
£
166,963
2,601
169,564
37,106

There were no employees whose annual remuneration was £60,000 or more.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11
Tangible fixed assets
Office
equipment
Computers
£
£
Cost
At 1 April 2023
505
14,646
Disposals
(505)
(3,528)
At 31 March 2024
-
11,118
Depreciation and impairment
At 1 April 2023
505
6,198
Depreciation charged in the year
-
3,706
Eliminated in respect of disposals
-
(3,528)
Transfer to held for sale
(505)
-
At 31 March 2024
-
6,376
Carrying amount
At 31 March 2024
-
4,742
At 31 March 2023
-
8,448
12
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
8,862
Other debtors
2,133
Prepayments and accrued income
1,095
12,090
13
Creditors: amounts falling due within one year
2024
£
Other taxation and social security
8,043
Trade creditors
3,920
Other creditors
1,875
Accruals and deferred income
11,845
25,683		 Total
£
15,151
(4,033)
11,118
6,703
3,706
(3,528)
(505)
6,376
4,742
8,448
2023
£
13,104
3,067
1,053
17,224
2023
£
1,823
-
567
2,668
5,058

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14
Deferred income
Deferred income
15
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
-
-
2024
£
1,910		 2023
£
2,750
2,750
2023
£
2,601

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
Nottingham Community grant
East Midlands Chamber
Commerce House
Previous year:
At
NCC Bike Shelter Fund
Nottingham Community grant
East Midlands Chamber
Commerce House		 1 April
2023
Incoming
resources
Resources
expended
Transfers
At 31 March
2024
£
£
£
£
£
10,800
-
-
-
10,800
5,778
-
(2,667)
-
3,111
16,578
-
(2,667)
-
13,911
1 April
2022
Incoming
resources
Resources
expended
Transfers
At 31 March
2023
£
£
£
£
£
1,877
-
-
(1,877)
-
-
10,800
-
-
10,800
-
8,000
(2,222)
-
5,778
1,877
18,800
(2,222)
(1,877)
16,578		 1 April
2023
Incoming
resources
Resources
expended
Transfers
At 31 March
2024
£
£
£
£
£
10,800
-
-
-
10,800
5,778
-
(2,667)
-
3,111
16,578
-
(2,667)
-
13,911
1 April
2022
Incoming
resources
Resources
expended
Transfers
At 31 March
2023
£
£
£
£
£
1,877
-
-
(1,877)
-
-
10,800
-
-
10,800
-
8,000
(2,222)
-
5,778
1,877
18,800
(2,222)
(1,877)
16,578
16,578

East Midlands Chamber Commerce House

EMCH supplied funds to to help supply the company with computer equipment.

Nottingham Community grant

The Nottingham community grant has been allocated to provide bursary sessions to low income families.

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Movement
in funds
Balance at Incoming Balance at Resources Balance at
1 April 2022 resources 1 April 2023 expended 31 March 2024
£ £ £ £ £
Bursary Fund 21,416 - 21,416 (920) 20,496
21,416 - 21,416 (920) 20,496

The Bursary Fund represents the balance of donations received towards funding the cost of counselling for those less able to afford the full cost of fees.

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2024
2024
2024
£
£
£
Fund balances at 31 March 2024 are represented
by:
Tangible assets
1,631
-
3,111
Current assets/(liabilities)
171,740
20,496
10,800
173,371
20,496
13,911		 Total
Unrestricted
funds
Designated
funds
Restricted
funds
2024
2023
2023
2023
£
£
£
£
4,742
2,670
-
5,778
203,036
257,938
21,416
10,800
207,778
260,608
21,416
16,578		 Total
2023
£
8,448
290,154
298,602

RELATE NOTTINGHAMSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).