Company registration number: 4244870 Charity registration number: 1089316
## Real Aid
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 July 2024
Rebecca Triffitt MAAT Practice Accountant of: Phoenix Accountancy and Business Consultancy Limited Morley's Cottage, Morley's Yard Walkergate Beverley, East Yorkshire HU17 9BY
## **Real Aid**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Statement of Trustees' Responsibilities|7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9 to 10|
|Balance Sheet|11|
|Notes to the Financial Statements|12 to 22|
**Real Aid**
||**Reference and Administrative Details**|
|---|---|
|**Chief Executive Officer**|Mrs Abigail Killick|
||Mr Lindsay Killick|
|**Trustees**|Mrs Martha (Mona) Tucker|
||Mr Jonathan Raine, Chair|
||Mr William Hart|
||Mrs Barbara Raine|
|**Secretary**|Mr William Hart|
|**Principal Office**|Unit 4-6 Riverside Works|
||Hull Bridge Road|
||Tickton|
||East Yorkshire|
||HU17 9RT|
|**Charity Registration Number**|1089316|
|**Company Registration Number**|4244870|
||The charity is incorporated in England and Wales.|
|**Solicitors:**|Williamsons Solicitors Limited|
||45 Lowgate|
||Hull|
||HU1 1EN|
|**Bankers**|Barclays|
||4 North Bar Within|
||Beverley|
||HU17 8AY|
|**Accountant**|Forrester Boyd Robson Limited|
||Chartered Accountants|
||Kingfisher Court|
||Plaxton Bridge Road|
||Woodmansey|
||Beverley|
||HU17 0RT|
|**Independent Examiner**|Rebecca Triffitt MAAT|
||Practice Accountant of:|
||Phoenix Accountancy and Business Consultancy Limited|
||Morley's Cottage, Morley's Yard|
||Walkergate|
||Beverley, East Yorkshire|
||HU17 9BY|
Page 1
## **Real Aid**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 July 2024.
## **Objectives and activities**
## _**Objects and aims**_
The basic objectives of the charity are to offer help and relief.
As set out in the memorandum & articles of association the objects of the charity are to advance education worldwide and for the public benefit to relieve persons and in particular children who are suffering sickness, need, hardship or distress anywhere in the world as a result of famine, drought, flood, war or any other calamity.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Use of volunteers**_
The trustees are incredibly grateful and thank all the volunteers that help in our shops and at the warehouse, they are a valuable part of our team and their hard work and commitment is very much appreciated. We would also thank the private and national companies, for the generous donations that has contributed this year to help Real Aid carry out its work.
Page 2
## **Real Aid**
## **Trustees' Report**
## **Achievements and performance**
The trustees are pleased to present the report for the financial year of 2023/24. The trustees are incredibly grateful and thank all the volunteers that help in our shops and at the warehouse, they are a valuable part of our team, and their hard work and commitment is very much appreciated. We would also like to thank the general public, private and national companies, for the generous donations that have contributed this year to help Real Aid carry out its work, particularly local churches and supermarkets in Bridlington.
The trustees would like to thank our shop managers for their loyalty and their continuing hard work for Real Aid, which does not go unnoticed. Our shops are extremely important and an integral part to the success of Real Aid, this year has been particularly challenging with the high street struggling throughout the retail trade, we have for the first time had a slight downward trend in trade overall. Management and staff are working hard to rise to the new challenges this brings.
## **Foodbanks**
Our foodbank in Bridlington is longstanding and has been running since 2009. It is sad that it is still vital to so many, this year we have seen an increase of those families struggling and in particular single homeless men to make ends meet, not just with food but also basic commodities such as toiletries and warm clothing. We were once again also able to give Christmas Toys to all those with children on the foodbank thanks to a generous private donation and all our foodbank recipients received a Christmas hamper. Real Aid is thankful to all those members of the public and church groups who regularly donate food and toiletries in these hard times.
There has been an increase of partners this year from various regions within Hull and the East Riding, requesting help and we are pleased to be able to give them the support required and continue enabling to reach many families in need, with food, fresh bread and hygiene products including:
The Vulcan Training Centre (Hull) Lonsdale Centre (Hull) Kids’ Corner Nursery Salvation Army Giroscope (Hull) Boulevard Venn Academy (schoolgirls mums centre) Unity in the Community (Hull) Cherry Tree Centre, Beverley Market Weighton foodbank Pocklington food bank Love Driffield New Pasture Lane community Centre (Bridlington) Burlington School Breakfast Club (Bridlington) Emmanuel Church (Bridlington) Real Aids own Foodbank
## **Furniture re-use scheme**
The furniture re-use scheme continues to be extremely popular, with this year seeing an increase in suppling a wide variety of furniture including household packs to those in need across the East Riding County, especially the vulnerable and marginalise families as well as those fleeing domestic violence and the homeless, helping them to restart their lives and settle into a safe environment. It is a sad reflection on today’s society that so many families are still struggling, especially those with children. Many of our referrals are from the local authority, social services, church members and children’s centres and at times from private individuals; we aim to provide help wherever possible. Homelessness is on the increase and we have been able to supply tents, sleeping bags and food to those who find themselves in this unfortunate and desperate place. This has reflected that our GIK has seen an increased by 30%.
Page 3
## **Real Aid**
## **Trustees' Report**
There is no doubt Real Aid is seeing a change in business, with the closure of more retail shops on the high street creating more footfall is challenging, we are delighted that despite this we have and maintain a loyal customer base. The commitment and determination of all our staff is noted by the Trustees
and they especially thank Abi and Lindsay for their leadership, the trustees feel positive that the charity is in a reasonably good position to continue its aims in helping all those who come to Real Aid finding themselves requiring some extra support in life.
## **Financial review**
During the period ended 31 July 2024, total funding received of £347,099 compared to total expenditure of £390,101, a deficit of £43,002.
At 31 July 2024 the net book value of fixed assets was £8,557 and movements in tangible fixed assets are shown in note 13 to the financial statements. The charity has general unrestricted funds in surplus of £12,838 and genreal restricted funds in surplus of £1,294.
## _**Policy on reserves**_
It is the policy of the charity to maintain the net current assets, which are the free reserves of the charity, at a level which equates to approximately four months expenditure. This provides sufficient funds to cover the running costs, and management administration and support costs. However, due to the continuing difficulties over the past years this has not been possible, and we do not expect this to change or improve over the next year.
## _**Principal funding sources**_
The principal source of funding remains shops and private donations.
## **Structure, governance and management**
## _**Nature of governing document**_
Real Aid is a company limited by guarantee governed by its Memorandum and Articles of Association dated July 2001. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of Real Aid.
## _**Recruitment and appointment of trustees**_
Trustees are nominated from the membership and serve for 2 years, although they can stand for re-election. The trustees also have the right to co-opt trustees when required.
All members are circulated with invitations to nominate trustees prior to the election advising them of the retiring trustees and requesting nominations. When co-opting trustees, the board has regard to the requirements of any specific skills needed.
The constitution of the charity states that there must be at least three trustees and the maximum number of charity trustess is seven.
## _**Induction and training of trustees**_
Real Aid advises trustees to attend appropriate training provided by outside trainers. All trustees are required and encouraged to spend as much time as possible at the Headquarters, understanding the complexities of the work of Real Aid.
## _**Organisational structure**_
The board of trustees meets at least three times a year, though often it meets informally at other times. The joint executive officers are appointed by the trustees to manage the day to day operations of the charity.
Page 4
## **Real Aid**
## **Trustees' Report**
## **Relationships with related parties**
## **Childslife International Netherlands**
Real Aid continues to have a close relationship with the above organisation to distribute in Countries where Real Aid has no staff or distribution system. Our system of aid distribution is well documented, so we have exact details of who received aid and where exactly it was distributed. Likewise, our partner has similar methods which they use and submit reports to Real Aid. The use of partners allows us to reach far more people without additional costs.
## _**Major risks and management of those risks**_
The charity has a Risk Management Strategy which comprises: -
1. Annual review
2. Ongoing assessment of risks
3. Implementation of strategies to limit risks
Reviews have highlighted several risks which are: -
1. Key staff personnel risk - which is ongoing
2. Theft and security in Real Aid charity shops - reviewed regularly
3. Overseas risks
4. Trustees
5. Drop in financial donations /retail takings
## _Key staff personnel risk_
Mrs Abigail Killick and Mr Lindsay Killick are joint executive officers of the charity, the trustees have every confidence in the ability to move the charity forward in challenging times.
## _Theft and security in Real Aid charity shops_
This risk has always been with Real Aid as whenever money is handled there are risks. Random purchases are made by outsiders on behalf of Real Aid from the charity shops to enable us to determine trust and honesty of volunteers. Other random checks are made and to date only 3 from a total of 45 shop volunteers have been asked to leave, and none in the last 10 years. An improvement in security with shop managers is ongoing and procedures have greatly improved the situation, we feel very lucky and honoured to have such loyal and hardworking volunteers.
## _Trustees_
As our work and responsibilities have increased the trustees and management recognise the need to both increase the numbers of trustees and attract more from professional backgrounds.
## **Financial instruments**
## _**Objectives and policies**_
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, which the charity’s risk is primarily attributable to. The charity has no significant concentration of credit risk, with exposure spread over a large number of customers.
Page 5
## **Real Aid**
## **Trustees' Report**
## _**Liquidity risk**_
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
## **Disclosure of information to Independent Examiner**
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity on 25 April 2025 and signed on its behalf by:
......................................... Mr Jonathan Raine Trustee
Page 6
## **Real Aid**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Real Aid for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and 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 for 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 governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 25 April 2025 and signed on its behalf by:
......................................... Mr Jonathan Raine Trustee
Page 7
## **Real Aid**
## **Independent Examiner's Report to the trustees of Real Aid ('the Company')**
I report on the accounts of Real Aid for the year ended 31 July 2024, which are set out on pages 9 to 20.
## **Responsibilities and Basis of Report**
As the charity’s trustees of the Company (who are also the directors of the company 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 for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
The company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Rebecca Triffitt MAAT Chartered Institute of Managment Accountants
Practice Accountant of:
Phoenix Accountancy and Business Consultancy Limited Morley's Cottage, Morley's Yard Walkergate Beverley, East Yorkshire HU17 9BY
25 April 2025
## **Independent Examiner’s Statement**
Page 8
## **Real Aid**
## **Statement of Financial Activities for the Year Ended 31 July 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Investment income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
95,589
251,203
307
347,099
(297,395)
(91,426)
(388,821)
(41,722)
(41,722)
54,560
12,838|**Restricted**
**funds**
**£**
-
-
-
-
(1,280)
-
(1,280)
(1,280)
(1,280)
2,574
1,294|**Total**
**2024**
**£**
95,589
251,203
307|
|---|---|---|---|
||||347,099|
||||(298,675)
(91,426)|
||||(390,101)|
||||(43,002)|
||||(43,002)
57,134|
||||14,132|
The notes on pages 12 to 22 form an integral part of these financial statements. Page 9
## **Real Aid**
## **Statement of Financial Activities for the Year Ended 31 July 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Investment income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
82,424
262,526
355
345,305
(267,040)
(70,676)
(337,716)
7,589
7,589
46,971
54,560|**Restricted**
**funds**
**£**
-
-
-
-
(1,280)
-
(1,280)
(1,280)
(1,280)
3,854
2,574|**Total**
**2023**
**£**
82,424
262,526
355|
|---|---|---|---|
||||345,305|
||||(268,320)
(70,676)|
||||(338,996)|
||||6,309|
||||6,309
50,825|
||||57,134|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 and 2023 is shown in note 19.
The notes on pages 12 to 22 form an integral part of these financial statements. Page 10
## **Real Aid**
## **(Registration number: 4244870) Balance Sheet as at 31 July 2024**
|**Note**
**Fixed assets**
Tangible assets
13
**Current assets**
Debtors
14
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
15
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
16
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
19|**2024**
**£**
8,557
15,899
3,654
19,553
(12,563)
6,990
15,547
(1,415)
14,132
1,294
12,838
14,132|**2023**
**£**
19,603
16,475
42,439|
|---|---|---|
|||58,914
(14,363)|
|||44,551|
|||64,154
(7,020)|
|||57,134|
|||2,574
54,560|
|||57,134|
For the financial year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 9 to 22 were approved by the trustees, and authorised for issue on 25 April 2025 and signed on their behalf by:
.........................................
Mr Jonathan Raine Trustee
The notes on pages 12 to 22 form an integral part of these financial statements. Page 11
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **1 Charity status**
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The company is a private limited company registered in England and Wales.
The address of its registered office is: Unit 4-6 Riverside Works Hull Bridge Road Tickton East Yorkshire HU17 9RT
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
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 (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.
## **Basis of preparation**
Real Aid meets the definition of a public benefit entity under FRS 102. 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 presented in sterling and are rounded to the nearest pound.
## **Going concern**
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. The directors are confident that the measures put in place over the last year and measures still to put in place will improve the company's performance, liquidity and solvency position. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 12
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Gifts in kind**_
Gifts in kind are recognised in different ways dependent on how they are used by the charity:
(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised. (ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 13
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Furniture and equipment 25% straight line Motor vehicles 25% straight line
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 14
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 15
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Gifts in kind|**Unrestricted**
**funds**
**General**
**£**
5,946
4,998
84,645
95,589|**Total**
**2024**
**£**
5,946
4,998
84,645
95,589|**Total**
**2023**
**£**
11,694
5,741
64,989|
|---|---|---|---|
||||82,424|
## **4 Income from other trading activities**
|Trading income;
Shop income from sale of donated goods and services|**Unrestricted**
**funds**
**General**
**£**
251,203
251,203|**Total**
**funds**
**£**
251,203
251,203|**Total**
**2023**
**£**
262,526|
|---|---|---|---|
||||262,526|
## **5 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
307|**Total**
**2024**
**£**
307|**Total**
**2023**
**£**
355|
|---|---|---|---|
Page 16
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **6 Expenditure on raising funds**
## **a) Costs of trading activities**
## **Unrestricted**
|Office costs
Charity shops
Warehouse
Depreciation, amortisation and other similar costs
Other direct costs of activities for generating
funds
Allocated support costs
Staff Costs
Governance costs|**General**
**£**
9,869
60,372
23,172
9,766
598
6,116
178,703
8,799
297,395|**Restricted**
**£**
-
-
-
1,280
-
-
-
-
1,280|**Total**
**2024**
**£**
9,869
60,372
23,172
11,046
598
6,116
178,703
8,799
298,675|**Total**
**2023**
**£**
9,058
55,999
23,127
10,501
986
3,188
157,361
8,100|
|---|---|---|---|---|
|||||268,320|
## **7 Expenditure on charitable activities**
|Donation & distribution goods in kind
Direct Aid|**Unrestricted**
**General**
**£**
84,645
6,781
91,426|**Total**
**2024**
**£**
84,645
6,781
91,426|**Total**
**2023**
**£**
64,989
5,687|
|---|---|---|---|
||||70,676|
Page 17
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **8 Analysis of governance and support costs**
## **Governance costs and allocated support costs**
|Audit fees
Other fees paid to accountant
Independent examiner fees
Other fees paid to examiners
Other governance costs
Allocated support costs
**Allocated support costs breakdown:**
Telephone expenses £2,333 (2023 - £2,307)
Sundry expenses £3,783 (2023 - £881)
Total £6,116 (2023 - £3,188)|**Unrestricted**
**General**
**£**
4,236
675
3,888
6,116
14,915|**Total**
**2024**
**£**
4,236
675
3,888
6,116
14,915|**Total**
**2023**
**£**
4,299
675
3,126
3,188|
|---|---|---|---|
||||11,288|
|||||
## **9 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **10 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
171,486
4,390
2,827
178,703|**2023**
**£**
152,430
2,287
2,644|
|---|---|---|
|||157,361|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Average number of persons employed|**2024**
**No**
11|**2023**
**No**
9|
|---|---|---|
Page 18
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
Contributions to the employee pension schemes for the year totalled £2,827 (2023: £2,644)
No employee received emoluments of more than £60,000 during the year.
## **11 Independent examiner's remuneration**
|**Other fees to examiners**
The examining of accounts of any associate of the charity|**2024**
**£**
675|**2023**
**£**
675|
|---|---|---|
## **12 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **13 Tangible fixed assets**
|**Cost**
At 1 August 2023
At 31 July 2024
**Depreciation**
At 1 August 2023
Charge for the year
At 31 July 2024
**Net book value**
At 31 July 2024
At 31 July 2023
**14 Debtors**
Prepayments
VAT recoverable
Other debtors|**Furniture and**
**equipment**
**£**
5,477
5,477
2,127
935
3,062
2,415
3,350|**Furniture and**
**equipment**
**£**
5,477
5,477
2,127
935
3,062
2,415
3,350|**Motor**
**vehicles**
**£**
42,446||**Total**
**£**
47,923
47,923
28,320
11,046
39,366
8,557
19,603
**2023**
**£**
5,665
7,810
3,000|
|---|---|---|---|---|---|
||5,477||42,446|||
||2,127
935||26,193
10,111|||
||3,062||36,304|||
||2,415||6,142|||
||3,350||16,253|||
||||**2024**
**£**
6,587
6,312
3,000
15,899|||
||||||16,475|
Page 19
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **15 Creditors: amounts falling due within one year**
||**2024**|**2024**|**2023**|
|---|---|---|---|
||**£**||**£**|
|Trade creditors||49|213|
|Hire purchase and finance leases||5,605|5,187|
|Other taxation and social security||1,643|4,792|
|Other creditors||1,184|516|
|Accruals||4,082|3,655|
||12,563||14,363|
|Creditors due within one year includes the following liabilities, on which security has been given||by the|charity:|
||**2024**||**2023**|
||**£**||**£**|
|Hire purchase and lease contracts||5,605|5,187|
|The hire purchase obligations are secured on the asset which they relate to.||||
|**16 Creditors: amounts falling due after one year**||||
||**2024**||**2023**|
||**£**||**£**|
|Hire purchase and finance leases||1,415|7,020|
Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the charity:
|Hire purchase and lease contracts|**2024**
**£**
1,415|**2023**
**£**
7,020|
|---|---|---|
The hire purchase obligations are secured on the asset which they relate to.
## **17 Pension and other schemes**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £2,827 (2023: £2,644).
## **18 Commitments**
## **Capital commitments**
Committments relating to various land & buildings leases up to 5 years totalling £59,604 (2023 - £59,604).
The total amount contracted for but not provided in the financial statements was £Nil (2023 - £Nil).
Page 20
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **19 Funds**
|**Balance at 1**
**August 2023**
**£**
**Unrestricted**
General
54,560
**Restricted**
2,574
**Total funds**
57,134
A breakdown of the restricted funds are shown below:
**Balance at 1**
**August 2023**
Local Community Aid for Brexit Preparations
2,574
Total Restricted Funds
2,574|**Balance at 1**
**August 2023**
**£**
54,560
2,574|**Incoming**
**resources**
**£**
347,099
-
347,099
**Incoming**
**Resources**
-
-|**Incoming**
**resources**
**£**
347,099
-|**Resources**
**expended**
**£**
**Balance at 31**
**July 2024**
**£**
(388,821)
12,838
(1,280)
1,294
(390,101)
14,132
**Resources**
**expended**
**Balance at**
**31 July 2024**
(1,280)
1,294
(1,280)
1,294|**Balance at 31**
**July 2024**
**£**
12,838
1,294|
|---|---|---|---|---|---|
||57,134||347,099||14,132|
## **Local Community Aid for Brexit Preparations**
Restricted funds relate to funding from East Riding of Yorkshire Council to provide food parcels to individuals in need.
Comparative information in respect of the preceding period is as follows.
|**Unrestricted**
General
**Restricted**
**Total funds**|**Balance at 1**
**August 2022**
**£**
46,971
3,854
50,825|**Incoming**
**resources**
**£**
345,305
-
345,305|**Resources**
**expended**
**£**
(337,716)
(1,280)
(338,996)|**Balance at 31**
**July 2023**
**£**
54,560
2,574|
|---|---|---|---|---|
|||||57,134|
Page 21
## **Real Aid**
## **Notes to the Financial Statements for the Year Ended 31 July 2024**
## **20 Analysis of net assets between funds**
|**20 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
8,557
18,259
(12,563)
(1,415)
12,838|**Restricted**
**funds**
**£**
-
1,294
-
-
1,294|**Total funds**
**at 31 July**
**2024**
**£**
8,557
19,553
(12,563)
(1,415)|
||||14,132|
## **21 Analysis of net funds**
|Cash at bank and in hand
Finance leases and hire purchase contracts
Net debt|**At 1 August**
**2023**
**£**
42,439
(12,207)
30,232|**Cash flow**
**£**
(38,785)
5,187
(33,598)|**At 31 July**
**2024**
**£**
3,654
(7,020)
(3,366)|
|---|---|---|---|
## **22 Related party transactions**
During the year the charity made the following related party transactions:
## **Mrs A Killick and Mr L Killick (related to Barbara Raine and Jonathan Raine (Trustees)**
During the year remuneration was paid to Mrs A Killick £30,094 (2023 - £30,150) and Mr L Killick £30,094 (2023 - £30,191).
Page 22