The Maytree Respite Centre IA Umtted by Gu8rnntso) Financial Ststements For the year ended 30 September 2024 C¢>mpany NuMr. 114076191 IEngl•nd & W•l••) Charfty Numbor: 1087668
THE MAYfREE RESPITE CENTRE CONTENTS Rèference and Admini8tratlve DetaN8 Report of Board of Trustees 2to6 Independent Examlners Report statoment of Finandal Actlvlt188 BaLgnca Sheet ststement of Cash Flows 10 Notes to the Financial Stslements 11to20
THE MAYfREE RESPITE CENTRE Reference and Administrative Dats For the year ended 30 September 2024 Company Numbor: IM076191 (England & Wales) Charlty Numb•r: 1087668 Regl8t•red Office: 72 Moray Road London N4 3LG Prlnclpal Addr068 of Charlty 72 Moray Road Flnsbury Park London N4 3LG Trustees (DlrectorB): Mithael l<night (Ctrchair) Judith l(night (Co-chair) Mary Hogg - Resigned 8 July 2024 Eric Farnworth - Resigned 16 Dernber 2024 Stephen Briggs - Appointed 10 January 2024 Dr Darren Bull- Appointed 10 January 2024 Dr Alexander Ross - Appointed 16 December 2024 Alma Fridell - Appointed 16 December 2024 John Shlmwell - Appointed 16 December 2024 Nicola Denegri - Appointed 16 Decernber 2024 Dr Naomi Low-Beer- Appoinled 19 December 2024 Sacretary. Daniel Sonabend - Apppointed 26 Jan 2024; Resigned 17 July 2024 Audltors: Grant Hatro(l Lerman Davis LLP- Chartered Accountants 1 st Floor. Healthaid House Marfborough Hlll Harrow. HA11UD Bank•r¥: Virgln Money 7 Gold Street North8rnPton NN1 1EN
THE MAYfREE RESPITE CENTRE Report of the Trustees For tho year ended 30 September 2024 Co-chairs slatement Following two years in which Maytree's service has been closed, we are pleased to report that v will reopen in Aprsl. At long lasti In January 2024 the composition of the Board changed. with the resignation of all the then Directors and the appointment of new ones, all detemiined to restore Maytree to its acclaimed and unique servi to those in suicidal crisis. Plans to liquidate the charity Vre cancelled, and donors who had been offered a return of funds requested to support the new Board. assured that their funds would be used for the purpose originally intended. With few exceptions this was 8greed. many expressing very strong support of the Board. We are indebted to them. most especially those who had donated towards a planned second house in Manchester. a project jettisoned a year previously. We thank them for their trust and patience In a task that has taken longer and proved to be more challenging than anticipated. The Arxounts for the year under review are therefore for a period in which Maytree was closed throughout. Accordingly, costs were a fraction of recent years. 811 fomier staff paid-off and gone by Ihe end of the first quarter (December 31 st 2023). With strong cash reserves and a closed service, fundraising was suspend8d. with the important exception of funds for a complete and much needed refurbishment of Maytree'$ house in Finsbury Park. A specific campaign to m*t those costs, c. £70,000, focused on Maytree's devoted friends and supporters, achieved its tsrget. the project costs largely completed by the year- end. The Accounts show a modest surplus of £43,000 for the year. reflectlng a continued flow of donations such as legacies and Standlng Orders. The now Board faced muttiple challenges: to review and re-estsblish Maytree's mission and model., to rebuild a culture and the values integr81 to its practice. to formulate an executive structure and recruit those to lead and manage its implementation; to motivate and convert fomier volunteers to these fundamentsl changes., to Testore the house to reflect once more an ethos of calm. wami and f8mity-style inf0mlty. to win over partners in suicide prevgnlion to Vdhorn Maytreè will increasingly tum for referrals; and finally to sustain the hopes and support of our funders. At the root of this Challenge was th8t of restoring the organisation In all its aspects to one that embraces, holds, and contains the rlsks on which its vision rests- the risk of offering sanctuary and non-medical b8friending to someone at immediate risk of suicide. Over the course of ils recent years Maytree had lost the Capability to handle risk. A uisis service with a waiting list is evidence enough. The organisation. in its statf and roles had become risk averse and dysfunctional, with a breakdown in the values essential to a risk model, those of tnjst. communication. and shared understanding. from Trustees to volunteers - many of whom had found their befriending of guests a rewarding experience, fuelling their shock. anger and incomprehension at its abrupt closure. and leaving a heritage of distrust in the leadership role of the new Board. In addition. the abdication of risk had led to its service becoming centred on that of 8 helpline, something other ServIS offer. thus ceasing to fill the gap that gave rise to Maytree's 8XiStence. and invalidating ils cost Structure. In the absence of any staff, apart from a part-time finan officer and the hlring part-time of one former volunteer for a few months, the onus of meeting the above challenges rested wlth the Board, ts members finding time {volunteers t¢)0) for frequent meetings over many months. whilsl we Its Co-chalrs have been A¢tlng CEO in Ihe absence of any other.
To reinforce the focus of our mission for the future, the Trustees have amended Maytree's Governing Document (its Mem & Arts). lightenlng Its remil to those in 'suicidal crisis. In plac• of those having merety°$ulcldal feelings.. As already mentioned, the house has been refurbished and restored, the home of Maytree'8 values. However. we have struggled with structure and recruitment, with an aborted first attempt in the early summer at filling the top clinical and management positions. On the posltive side, In the recent months we have appointed the core of an operational team, professlonal in Qualification and prfor experfence, all actively demonstrating their Commitrnent to the model and its values, reengagIng wlth former volunteers keen to return. and ensuring Mayiree's procedures and systems are fft for purpose. The reopenlng of the servke will be led by them. SAill to 8ppoint is one or more as Directorfs) to tske Maytree foTward and relieve us of executlve dutres, appointments that we believe will be enabled by an organisation. model, values. and praclice 8lre8dy in place. with reopening In hand costs are already slgnlflcantly higher but will peak at 8 level well below that of fonner years. with a smaller largely hands staff. Fundralsing will resume. agalnsl a pollcy of al all times of sustaining cash reserves to cover more Ihan the next twelve months budgeted outgoings. Success wlll only b8 evident when there is once more a steady flow of guests, arriving at high suicidal rfsk and leaving wlth renewed hope and reslli8nce and often a transformative experience. As your Ctrchairs and Actlng CEO we will contlnue for as long as It takes lo brlng to completion Maytree'8 own renewal and transfomiation. Finally, on behalf of all the Twstees. we cannot adequately express our gratitude to our loyal. patlen( encouraging and generous donors. to all our many other advocates and supporters. and fonner volunteers. Together you continue to glve us the wlll and energy to see Maytree restored to Ilfe and heallh. And a speclal Ihanks from your CchaIrs to our fellow Trustees, Stephen Briggs and Darren Bull who have given so much in time and thelr experience, and Eric Famworth for his tenadty in updating and ralionalislng our banking mandates and a¢counts. Mich8el Knight Knight
THE MArfREE RESPITE CENTRE Report of tho Trustees For the year ended 30 September 2024 Report of the Trustees Introduction Since the current Trustees were all appointed after the year-end this fomial port is brief. After abandoning the plan to open a second Maytree house in Manchester. the then Trustees decided in March 2023 to suspend operations at Maytree's house in Finsbury Park, London N4, pending a review. The servl¢e remained closed whilst plans to liquidate the Charity were formalised In October 2023. This was shortly followed by Ihe resignation of the Chair. and then that of the CEO and other Trustees. The thr88 remaining trustees then re-examined the declsion to close after representations from the charity's founders and a group of former volunleers. At a Trustee meeting on 10th January 2024 the three Trustees resigned concurrently wtth the appointment of new (including four of the present) Trustees intent on restoring the charlty's unique service. Objects and ACtItiO5. The charitable object of the charity. as defined in the governing document. is . to provide short- term respite accomrnodation and befriending for those at immediate risk of suicide.. The trustees have complied wilh the duty in Section 17 of the Charities Act 2011 to have due regard to public beneffit guidance as published by the Charity Commission. The charity's mission is to r8Store hope to the lives of those at acute risk of suicide. offering (subject to assessment) a brief stay and befriending at its house in north London. It offers respite. a calm. safe and homely place to tslk and be heard in confidence wittb)ut judgement and with contsinment and compassionate care. Volunteers and staff facilitate each guest lo r&engage with benign and nom)al interpersonal relationshlps, offering relief from Isolation and anguish. and the renewal of hope.
THE MAYfREE RESPITE CENTRE Report of tho Trustses For the year ended 30 September 2024 Achlevements and P•rformanc•: In the year under review Maytree's servtce remained dosed. Plans for liquidation pn)mulgated in October 2023 were reversed in January 2024 with the appointment of a fresh Board of Trustees committed to its revival Financlal review: The financial year shows a mod9St surplus of £44k. Costs were minimal apart from refurbishment of the house (incomplete at the yearend) more than covered by funds raised specifically for that purpose. The balance sheet shows 8 continuing strong position with cash funds of £687k {£738k). Plans for Future Pariods.. Maytree is planning to reopen its service as soon as the Trustees judge It to have the necessary sources in place. These include a team of executive, qualified staff, SLrffici8nl and adequate trained volunteers, a fully refufbished house. and policies Ihat are fit for purpose. Risk Management: Maytree's mission and activities entail, by definition, the taking, hdding, and managing of risk. primarlly to its seiCe users (guests) but also its volunteers and stsff. The trustees indlvidually and collectively are ultlmately responsible for risks. These are mitigated by shared understanding, irust and mutual support and a structure that ensures good communication throughout the organisation. Risks are also millgat8d by the employment of qualified staff, tr8ining of volunteers. and the provision of support and supeNision coupled with reflective practice and adherence to Its fomial policies, which 8ré regularly reviewed. The Twstees, policy regarding financial risk is to seek to ensure the charty holds sufficient liquid funds to cover the subsequent twelve months outgoings. structure, Governance and Management: Governing Document Maytree Respite Centre (Ihe Charty") is a company limited by guarantee {company number: 04076191) governed by its Memorandum and Articles of Association dated 18 February 2025. It is registered as a charity with the Charity Commisston (charity number: 1087668>. Directors and Trustees of the charitable company are its trustees for the purpose of charity law and throughout the report are collectively referred to as the trustees. Dlrectors and Trusta The trustees ere responsible for the govemance of the chaiity, its compliance with ststutory requirements, its strategy, strucbjre. and management and for ensuring its activities focus on its mission and values. Every trustee is responsible for understanding the model and Its practice.
THE MAYfREE REsprfE CENTrE R•port rf the TruslM8 For th• year ondod 30 S•pt•mb•r 2024 Tru8t•¢ Inducllon and tralnlng New Trustsas are made aware of their1gg81 obgationS under charfty and comp8ny law, the content of the Mgmorandum arKI Artkles of Associan. Charityb history. the philosophioal ap[ach of lh8 Charity, the business plan and th8 cwrent financlal pérfarnnce of the Charlty. A Trustee recelv6s cop18s of Ihe most recenlAnnual Report. and Accounts. and approprlate le8fiets publlshed by the Charlty Commlsslon wlth the opportunlty to discuss them. They may also be supported by ongolng extern81 tralnlng to enhce thelr abllity In the rdo. Approved ty order of the board of truste86 on.....,. . behaff by: and $lgne(J on Its Mr fvi Knight- Trusteo ht- Trustee
THE MAYTREE RESPITE CENTRE Independent Examlnerfs Report For the year ended 30 September 2024 Independont examinefs report to thè trusteès of The Maylree Rosplte Centre (Yhe Company'> I report to the charity trustees on my examinalion of the accounts of the Company for the y8ar erKled 30 September 2024. Responsibllltles and basls of report As the charity's trustees of th6 Company (and also Its d1CtOrS for the purposes of company law) you are responsible for the preparation of Ihe accounts in accordance with the requirements of the Companies Act 2006 (Ihe 2006 Acr). Having Satisfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Act and are eliglble for Independent examination, I report In respect of my examination of your ch8rity's accounts as carried out under Section 145 of the Chariles Act 2011 he 2011 Act,). In carrylng oul my examlnation I have followed Ihe Directions given by the Charlty Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I corfflmi that no matters have come to my attention in connedion with the examination giving me cause to believe: accounttng records were not kept in Tespect of the Company as required by Section 386 of the 2006 Act" or the accounts do not accord with those record5: or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Acl other than any requirement that Ihe accounts give a true and fair view which is not a matter onsidered as part of an independent examlnation" or the accounls have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by chartiies (applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no Concerns and have come across no other matters In connectlon with Ihe examination to which attention should be drawn in thls report In order to enable a proper understanding of the a¢Unts to bè reached. Jeremy Harrod FCCA Grant Harrod Lem)an Davls LLP Chartered Accountant8 1st Floor Healthald House M8rfborough Hill Mlddlesex HA1 1UD Date: ...
THE MAYfREE RESPITE CENTRE Statement of Financial Activrties For the year ended 30 September 2024 Unrestridod Restrictad Funds Funds Total 2024 Total 2023 In¢qJm• from: Donations Lega¢ies Grants COVID-19 Support Grants Investmènts 19,873 5,000 56.5DO 33,794 53,667 5,000 65,500 78.943 9.000 180.790 9,554 9.554 5.779 T¢)to1 90.927 42.794 133.721 265,511 Exp•nditur• on: Raising funds Charitable activities 6.12 70.170 19296 89.466 580.894 70.170 19,296 89.466 581.193 Not in¢omo 20,757 23.498 44255 315,e821 rrnnsfars b0tw•on funds 12 146,984 146.984 Not movemont in fvnds 167,741 (123,4861 44,255 315,6821 Fund b8lance brought forward at 1 OctobgT 2023 12 817,482 149,984 987,466 1,283,148 Fund balanc• carrl•d forward at 30 Soptsmbor 2024 12 985.223 26,498 1,011.T21 987,466 The Ststement of Financlal Ac11vlles indudés all gains and10s88s In the year. All of the abova amounts relate lo contlnukng 8CtlvlUes. The notss on pages 11 to 20 forni part of these flnanclal statgmonts.
THE MAYfREE RESPITE CENTRE Balance Slwt at 30 September 2024 Ta1¢ 8686ts 350277 13.808 Cash at nk and kn ho1 887,217 Lknblllll••.' CrE(fikirs: AnUnls1Ik4 due ithtn on&year 10 e61.657 Desnated Furhts 12 12 12 841,715 141510 853.891 (38.409) 149.984 RestriGtoJ Funds TOTAL FUNLVJ The ¢hadtable compary Is enlitl8<1 to exemption Irom audlt und•rS8Ction 477 of th? CompaniesAct 2006forth6y8arended 30 Septembor 202 The mambors hBve not requlred lh8 ¢ompanyto obtaln 8n audit oflhg financial 8tatsm8nts for Ihe 8r ènded ended 30 September2024 In 8ocoTdance wlth Sectldon 476 of theCompanle8 A¢t2006. The truste88 acknowi¢d8etholr respon8lbllltles for la> gnsuringthatthe charttabto company keops accounting ¢10rd8 thal ¢omptywith Seclion 386 and 387 of the Companle8Aot 2006 and Ib) preparlngfinAnclal ststsmènts whlch 8Iv8 a 8true and lalrvlew of the ststs of affalrn ofthe charitsbl• company ès atthe end of each flnanclalyear gnd 01 Its surplus or deflcitfor each linan¢l81 in acCoance wulth the Tequlrement8 of Se¢tlon8 394 and 395and whlch otherwi50 compty ¥ylth the charftsblè company. Theser accounts hav8 been preparèd In accordanoevthh tho provl8lon8 appltC8ble to companiessubloctto the small compani. rMe4 Nl¢h•l Knlghl The notes on pages 1110 20 fom) part ofthw statèm*ts.
THE MArfREE RESPITE CENTRE Statement of Cash Fk)ws as at 30 September 2024 2024 2023 Cash flow8 from operating actlvltles Net cash provided by operating 8clivities (47,263> (196,137) Cash flows from investing actMtie5 Interest from Investments 9,554 5,779 Cash flow$ from finandng activitlès Repawnents of borrowlng Chango In cash and cash èquivalents In the reporting pèrfod (37.709) (190,358) Cash and cash equivalents at the beginning of the reporting perlod 724,926 915.283 Cash and cash equlval•nts at the end of the reportlng perlod 687.217 724.925 ReconclllatSon of net Incomel IpendIture) lo not cash flow from 0ratIng activltlas 2024 2023 Net Income for the reporting perfod (a5 per tha statement of financlal a¢tlvltl881 44.255 {315,682) Adjustment$ for. Depreciation Charges Interest from Inveslrnents Decreasel(Increasel In debtor5 Increasel(decr8ase) in ¢redltor8 12,846 {9,554) 4,532 186.707) 12,790 (5,779) 9,634 102,900 Nel ¢ash provlded by oporating actlvities {47,263) (196.137) 10
THE MAYfREE RESPITE CENTRE Notes to the Financlal Statements For the year ended 30 September 2024 I ACCOUNTING POLICIES The followlng accounting pollcles have been applled ¢anslst8nty In deallng with Items vthlch are considerJ material to the finandal statements. 1.1 Bo819 Prèparatlon of th• Fln8nclal Statemonls These financial statements are prepared on 8 golng concem basls. under the hi8torfe810)st ojnventton. The financial statements have been prepared In a¢cordance with the Financial ReportlThJ Standard applic8ble In the UK and Republle of Ireland (FRS 102). The Company 1$ 8 public benefft entity for the purposes ol FRS 102 and a r8glstered Charity established as a L¥)mpany ted by guarantee and therefore has also wepared Its finandal statements In acc)rdance with the StBt8ment of Recommended Practice appllcaue to charllies preparfng their a¢Cots In accordance wSth the Fiftanclal Reporung Standard applicable sn the UK and Republlc of Ireland (The FRS 102 Charttles SORP) and the Companles Act 2006. The financial staiements ara prepared In sterflng, whlch 1$ the functlonal rren of the Charlty. 'Monetsry amounts In the flnandal statements are rwnded to the nearest pound. 12 Golng Con¢•m Th8 Tte8$ have assessed whether thè use of the wing concem basls Is appropriats and have consldwpd posslble events or conditions that mlght ¢ast slgnlfi¢•nt doubl on the abllity of the eharty to contlNa as a going concem. The trustees have made this assessment for a period of at least one year from the dat8 of approval of the finandal statements. In partIlar the trustees have nSIded the ch8rWs forecasts and projections and have tsken account of pre$8ures on ev¢nts. The charlty has a strong cash and reseNes llIon at the tlme of approval of these fjnanclal *atements. Havlng made onqulrles, the tNstees have concluded that there Is a reasr)nable expectailon that the Charity has adequatè resources to conllnue In operatlonal exlstence for at least 12 month8 from the date of Ihe audit report of these financlal statements. The charity Iher8fore continues to adopt the Wng ¢onc8m basls in prnparlng Its firwi¢ial statemts. 1.3 Flnanclal Instruments Cash and ¢ash equlvalents Include ¢ash at banks and In hand and short tem deits wlth a maturlty dato of three months or less. Debtors and ¢redltors recolvable or payablo wlthln ¢)no of the reportlng date are carried Inltlally at their transa price and subsequenlly at setlloment value. IA Taxatlon The Charfty 1$ èxempt from tsx on Income and galns fallSng vAlhln 8e¢tion 505 of tho Taxes Act 1988 or section 256 of the Taxation of Chargèable Gains Act 1992 to the extent that these are applied to Its charftablè objects. No tsx charges have arisen In thè Charfty. 1.5 Op•ratlng1oaso r•ntals Rentals applicable to operatlng leases where substantially all of th8 boneffits and rfsks of ownershlp remaln wlth the lessor are charged agalnst the Statement of Financlal A¢livllles as Incurred. 11
THE MAYfREE RESPITE CENTRE Notes to the Financlal Ststements For the year ended 30 September 2024 I ACCOUNTING POLICIES (conllnued) 1.8 Crttlcal A¢countlng Estlmates and Ar•as of Judgemont In preparing financial statements it is necessary to make certaln Judgements. estlmates ond assumpttons that affect the anTr)unts recognised In the flnancial statements. The following Judgements and estlmates are considered by the trustees to have most signlficant effect on amounts recognlsed In the finonclal statements. The most slgnlficant eslimate5 and assumptions whlch affect the carrying amount of assets and liabililies in the accounts relate to the annual deFffeclation charge for tangible fjxed assets is senslllve to change in the estimated useful enOMIC INes and resldual value of assets. These are reassessed annually and annded were necessary to refi8Ct current circumstanc85 and to tske amounts of any Impalmient In value. 1.7 Funds Unrestrlcted fvnds comprtse accumulated surpluses (x) general funds. They are avallable for use at the dlscretlon of the trustees In fvrtherance of the g8ngral charitable objI1veS. Deslgnated funds are amounts whlch have been rlng fenLYd as they relats to tanglble fixed assets. Restrlcted fund5 comprise funds donated for spedfled purposes. Further details of the natur8 of It? funds are set t In Not8 12. Income All incomlng resources are Included In the statement of Ilnanclal adivitles when the chaTrlty Is anlled to the Income. the recelpt Is probable and the amount can be quantlfied rdiably. 1.9 Exp•ndlturè All resources expended are accounted for gross. on the 8ccurals basis. All costs are dlraclly atirlbuted to one of the functlonal categories for SOurCeS exp8nded In the statement of ffinanclal a¢lEvltles. T chartty is not reglsted for VAT and accordlngly expenditure Is shown gross of Irrecoverable VAT. Expendttijre on ralsing funds comprlses Ihé costs as8odated wlth attradng voluntary Income. Charitsble actlvttles ct)mprtS8S those c08ts Incurred by tho charlty in th8 delivery of its acllvlties and S8rvlc86 for its beneficlarle5. Govemance costs indude those costs associated with meeling the nStitIonal and statutory requirements of the charity and indude the audit fees and costs Ilnked to the strategtc managemènt of the charity. 1.10 Tangiblo fixed ag$8ts and d•pr•clalion Tanglble fjxed assets are carried at cost less accumulated depreclation. Assets c031ing more than £750 are capitallsed. Depreciation ts provided to wrlts off the cosl ISS estFmated resldual value of all fixèd assets except freehold land. over thelr useful Ilves.. Freehold land Is not depreclated. Freehold building- wrltten oif over Its expected useful Ilfe of SO year FumItu. fittings and equlpment- 15% reducing balance 1.11 Cash and cash equlvalents Cash at bank and In hand comprises basic finandal asset5 and Indudes cash in hand. deposlts held at call banks. other short-tsnn liquld investments original matutlli8s of three months LY less. 1.12 Employeg bonellts The sts of short4emi employe8 ben8ffls are recognlsed as a Ilabllity and 8n expense. unless those costs are required to be re¢ognlsed as part of the cost of 8to¢k or fixed assets. The ¢ost Df any unused hollday enlluement Is recognlsed In the perfod In vthlch the employee's SeIce6 are rKelved. Temiination beneflts are recognlsed immedlately as an expense when Ihe charlty Is d@mcStr8bIY Commitlgd to tennlnat8 the employment ol an employe& or to provlde temilna0n benefits. 12
THE MAYfREE RESPITE CENTRE Notes to the Financial Statements For the year ended 30 September 2024 1 ACCOUNTING POLICIES (¢ontlnued) 1.13 R8tirem8nt b•né)lts Payments to defined contrfbutJon rellrem8nt benefit schemes are charged 8s an expen$8 as they fall due. 13
THE MArrREE RESPITE CENTRE Notes to the Flnanci81 Ststements For the year ended 30 September 2024 2 VOLuKfARY INCOME UDr•slrfGtsd Ro8trl¢tod 2024 Fund8 Funds 2024 Donations Legacles Grants 19.873 33,794 53,687 81,373 42,794 Unmtrlct•d R••trl¢t•d Fund• Fund• 2023 Tol•l 2023 Donallonts L8g8des Grdnts 78,943 176.800 180.7 255,742 259,732 3 INVESTMEiif INCOME Bank Interest 9,554 TRUSTEES. REMUNERATION AND REIMBURSED EXPENSES £1.567 of r8lmbursed expenses were pald to Ihe trustees durlng the year ended 30 Septanber 2024 (2023." £nll). During the year under review the charlty malntsined the Charfty Trusteos Indemnity insurance cover as pemltted by Its govemlng documenL STAFF COSTS 2024 2023 Salary Provlslon for pay upIIft Redundancy & ex*ralla payments payments s¢[al 8ecurlty Cfjsts Employer Penslon conlributions 19.479 373,675 8.550 16.085 24.733 e,074 857 429.117 ITh8 flt eqvalent number of emplOS durfng the year was 1 (2023: 8). No employee (2023: 1) re¢dved emoluments of rne than £80.000 duAng Ihis year. The remurwation of key m8nagem8nt pemnnel. vthlch (vJmpiise the trustees and th8 CEO of the charlty was 1£0 (2023: £75.232). 14
THE MAYfREE RESPITE CENTRE Notes to the Fin8ncl81 Ststements For the year ended 30 September 2024 6 EXPENDITURE Rahlng Funds Charltablo Gov•rnarKe Actmtles Costs Total 2024 2024 Salaries and National Insurance Recrultmenl and tralnlng SupervisÉon and volunteer expanses Intemel and IT axpenses Household expenses Postage and statlonery Cleaning and repalrs Refurblshment of Centre Travel expenses Guest d11 expenses. Induding food 18,717 2,7S9 18,717 2.759 11.550 75 11.550 76 7,388 10.772 7,388 10,772 659 2,851 (1,lJ43) 2.015 1.499 5,016 Telephone Electrldty. gas and watsr In$uran Sundry expens8s Audit and accountsncy fees Bank Interest 8nd charges Promollng Maytree D0precIa< Evaluatlon and Consultancy 2,851 {1,043) 2,015 1.499 818 583 102 12,846 357 102 12.848 357 5,683 992 3,613 1.146 1,567 5,683 Subscrlplon and mémbershlp Director expenses Studlo offKe expenses Trustse Expenses 3,613 1,146 1.567 78,016 11,450 89.466 15
THE MAYTREE RESPITE CENTRE Notes to the Financial Statements For the year ended 30 Septernber 2024 6 EXPENDITURE Raising Funds Charitablo Govgman¢• Actlvllle$ Costs Total 2023 2023 Salarles arKI NatM)nal Insurance Recrulknent and tralning Supervislon and volunteer expenses Redundancy payments Intem812nd IT expenses Household expenses Postage and slatlonery Cleaning and repairs Travel expenses Guest direct 8xpenses. Indudlng food Pates Telephone EleCtrlty, gas and water ITwrance Sundry expenses Audit and aco)unlancy fees Bank interest and charges Fundraising ¢osts Adverlising Depreciation AdJu51rnerrtWn blfwd Loss on disposal of fixed asset Evaluati and Consultancy Leoal SubscTiption and mernber5hip Director expenses Studio office expenses Pn)moting Maytree 429.116 5.008 2.913 429,118 5.CQ8 2.913 35.172 35,172 646 822 4,447 822 4.447 2,333 962 7.861 3,804 7,985 484 4,245 1,276 2.333 962 7.861 3,804 7,985 484 9,480 1.276 299 5,235 299 12,791 12.791 338 338 8.592 1.765 23.897 17,204 4.000 8.592 1.785 23,897 17,204 4.000 299 567.067 13.827 581193 Allocation of goveman¢e costs 13.827 <13.827) Totals 299 581.193 TRUE 16
THE MAYfREE RESPITE CENTRE Noles to the Flnanclal Statements For the year ended 30 September 2024 8 TANGIBLE FIXED ASSErs FMhold property Equlpment C08t or valuatlon: At 1 October 2023 AdditK)rK8 In year Disposals In the yEar At 30 Soptomb•r 2024 608,805 10,501 12.630 619.306 12.636 608.805 Depr•¢lallon: Al 1 October 2023 DIspDsals Charge for the year At 30 Septsmber 2024 262,010 12.176 670 11846 281.876 274186 Not Book Value.. At 30 September 2024 15M47 AI 30 s8ernber 2023 346.795 3,481 350,276 9 DEBTORS 2024 Olher debiors- Accounts recelvable Payroll debtor Prepaymenls and Accrued Income Rent depDsIt 878 8,398 1,150 9.276 13.808 10 CREDITORS DUE WITHIN ONE YEAR 2023 Accruals Trade Creditors Olher creditors Pensions & Wages Control Account 13,161 9,142 12,517 16 61.652 9,055 50.836 34,836 121,543 17
THE MAYfREE RESPITE CENTRE Notes to the Financial Statements For the year ended 30 September 2024 11 ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2024 General funds Restricted Deslgnaled funds funds Totsl Fund balances at 30 September 2024 are representad by: Tangible fixed assets Current assets Current liabillties Long tenn liabilltles 350.066 503.0 (11,351) 350.066 696.493 (34,838) 166,995 {23.485) 26,498 TOTAL FUNDS 143,510 26,498 841,715 1.011.723 Fund balanc08 at 30 September 2023 are represented by: 1,4(i 149,984 853.891 967,468 21123 Geral funds RtrfcIed Deslgnatod funds funds Total Fund balances at 30 Sept•mber 2023 are rnpresentsd by: Tangible fixed assets CUrnt assets Current liablllties Long terni IFabiliti8s 350.277 503.614 350,277 738.734 {121,543} 85.136 (121.543) 149,984 TOTAL FUNDS 149,984 853.891 967,468 Fund balances at 30 SePteMr 2022 arn roprwTht by: 198.853 936,067 1283 148 18
THE MAYfREE RESPITE CENTRE Notes to the Financial Statements For the year ended 30 September 2024 12 MOVEMENT IN FUNDS At30 September 2024 2024 October Incomlng Rosources 2023 Resources Expend8d Transfers Re8trictsd funds: ReseThes- Fuserna Replication - Bristol Individual donor- Repllcallon - London Eleanor Ralhbone Gharttsble Trusl Worshipfvl Company of Innholders Kehlllah North London Refurblshment of Cantre Jo8 & Ros8 Frenkel CT Estate of Ben Judah Broome Famity Charllable Trust 20,000 6.755 3,000 3.000 439 1,790 120,000) (6,7551 (3,0001 (3,000) 1439) (1,790) 45,794 (19.2961 26,498 5.000 100,000 10.000 (5.000) {100,000) (10.000) 149.984 42.794 (19.296) {146,984} 26A98 Unroslricted funds General fund (36.409) 90,928 170,169) 159.160 143,510 Deslgnated funds - Fixed assets Designated funds - Operating reseNe Designated funds - Repli¢atlon re$erye 350,891 270.000 233,000 (12,176) 233,000 {233.000} 338,715 503,000 817MB2 90,928 170.169) 146.984 TOTAL FUNDS AT 30 SEPTEMBER 2024 1.011.723 TOTAL FUNDS AT 30 SEPTEMBER 2023 1.283.148 265.611 501.193
THE MAYfREE RESPITE CENTRE Notes to the Financial Statements For the year ended 30 September 2024 12 MOVEMENT IN FUNDS At30 September 2023 2023 Octobqr Incoming ReUrceS 2023 Resources Expended Transfers Restrleted funds: Reserves - Fuserna Replicatlon - Brtstol Indlvldual donor- Repllcallon - London Eleanor Rathbone Charitable Trust Worshlpful Company of Innhold8rs Kehillah North London Vintners Foundation Manchester Salary Mike Chrisan Joe & Rosa Frenkel CT Estate of Ben Judah Individual donor Broome Farnily Charitsble Trust 20,000 8,755 3,000 20,0110 6,755 3,OiXI 3.000 439 1,790 5,200 1.790 (5,200) 2,509 (3.000) 5,000 491 5,000 100.000 100,000 7,525 (10,0001 5,000 2.475 10.000 148328 (5200) Uniestrictod funds General fund 198.8&3 261,521 (5T6,993) 79210 136•) Designated funds - Fixed assets Dèsignated fund5 - operang reseThe Deslgnated funds - Replication reserve 363,067 (12.176) {70.OCIJ) 350,891 270,000 233,000 233,000 1.134920 28121 (5T5,993) (2,966) 817A82 TOTAL FUNDS AT 30 SEPTEMBER 2023 1283.148 265J11 581.193 TOTAL FUNDS AT 30 SEPTEMBER 2022 1,613.402 349.994 680,248 20