Registered number: 05758108 Charity number: 1118543
REGENERATE - RISE (A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
REGENERATE - RISE (A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 - 9 |
| Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 - 28 |
REGENERATE - RISE (A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
| Trustees | Mr N G Oakes |
|---|---|
| Ms J Przetakiewicz | |
| Ms P A Siaw (resigned 31 December 2024) | |
| Mrs M Smith | |
| Mr R K Smith | |
| Mr D J Trowbridge | |
| Company registered number 05758108 Charity registered number 1118543 Registered office The Platt Christian Centre 22 Felsham Road London SW15 1DA Company secretary Mrs M Smith Accountants Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS |
Page 1
REGENERATE - RISE (A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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To relieve elderly people and their families resident in the UK who are in need in particular but not exclusively by the provision of support services and practical assistance.
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To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupations of such people with the object of improving their conditions of life.
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To help young people especially but not exclusively through leisure time activities including the provision of integrative art therapy, so as to develop their capabilities that they may grow to full maturity as individuals and members of society.
The Trustees have referred to the guidance in the Charity Commission general guidance on public benefit when reviewing the aims and objectives of the charity and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives set.
Public benefit
The Trustees have given due consideration to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011. The charity is a Public Benefit Entity.
Volunteers
The Trustees have been extremely grateful to the 33 volunteers who have given their time to the work of Regenerate-RISE and older people within the community of Wandsworth. We also began a project during May 2024 in Woking, Surrey following the bankruptcy of the Council and the ceasing of their day services in the borough. We were very grateful to the staff and volunteers who stayed on during the transition and we look forward to taking on the Community Asset Transfer from the Council in 2025-26. Throughout this year, volunteers in Wandsworth have given 3,546 hours to help us across the projects which includes serving lunches, taking part in activities, providing transport and visiting people at home. In Social Value terms, this amounts to £57,055.14 as the value of volunteer hours was £16.09 during 2024-2025. There is no doubt that without the support of the volunteers, we would not have been able to provide such a full service to our clients attending the Day Service and we are also very grateful to the 3 volunteers who have supported the RISE+ project with our discharge from hospital scheme, throughout the year. The majority of our volunteers have been with Regenerate-RISE for many years and we are thankful for their on-going commitment.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We have continued to provide an “enhanced” service to older people across the borough of Wandsworth and in May 2024 we began a service in Woking Surrey at St Mary’s Community Centre similar to that in SW15. Our activities this year in Wandsworth have been divided into those that encourage the brain, those that are for people with Dementia and memory loss and activities that are related to strength and balance as well as helping people to learn new skills or revive old ones. We continue to receive funding for Falls Prevention and we have provided a total of 1,365 individual interactions which amounted to 92 sessions. There was a total of 550 different activity sessions in total covering all aspects of our work in Wandsworth and RISE Woking provided an activity three times a week.
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REGENERATE - RISE (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Throughout the year in total we supported regularly 185 different people with a service of care and support across both projects. Lunches have always been a focal point of our day across both projects and transport has been provided through our own minibuses, Dial-a-Ride and our own car. Volunteers also collect clients on occasion and the majority of our clients use transport to attend our Centres.
Our RISE+ service has continued to flourish and during this year we saw 682 different patients, some of whom we visited regularly. We had 198 referrals and 2,974 individual interactions with patients. We provided hampers, cleaned houses, did shopping, moved beds downstairs, gave dressing gowns to the wards to give to patients on discharge and generally provided a service to help the transition from hospital to home go as smoothly as possible. We also visited the patients when transferred to a care home and regularly visited them at home until they were settled. We are very grateful to the Wandsworth Council for funding this initiative from the Better Care Fund and consider it has been extremely successful. We have worked mainly in St George’s Hospital and Queen Mary’s but often visit Chelsea and Westminster, Charing X and Kingston. Many of the patients do not have Next of Kins so we play a vital role in enabling them to return home safely.
Whilst our main work is with older people, SHINE Again continues to provide integrative art therapy to 6 primary school children a week in 2 SW15 schools. This work is invaluable in supporting children going through difficult times and preparing them for secondary education. It is funded by the local authority through the schools and this year completed its 22nd year working within the community of SW15. We are very keen to be intergenerational and enjoy giving students who intend to work in either health or social care, experience within a community setting.
We have been grateful to the the Wandsworth Combined Charities, the Miles Trust, Byfleet United Charities, Wandsworth Council and all our individual donors – all of whom contribute to enable Regenerate-RISE to make a difference to the lives of older people. We have enjoyed giving placements to work experience students from local schools and developing our services across the borough of Wandsworth and throughout Woking in Surrey.
The Trustees are also grateful to our staff for their commitment and care that they individually give to our clients and we are thankful for each and every client or patient that we come into contact with.
FINANCIAL REVIEW
Financial position
In the financial year, the Charity received £232,004 in unrestricted funds (2024: £225,888) and £296,639 in restricted funds (2024: £275,739). The Charity spent £265,627 of unrestricted funds (2024: £267,915) and £254,244 of restricted funds (2024: £213,067). The net surplus for the year was £12,273 comprising a net movement of £(30,122) in unrestricted funds and £42,395 in restricted funds.
The charity continues to be affected by the cost of living increases, but are grateful to the Trustees for their ongoing guidance and support on financial matters. We look forward to taking on the Community Asset Transfer of St Mary’s Community Centre and increasing our overall turnover significantly. We are also pursuing the planning permission for our vision to build a 12 bed Reablement Unit and will be looking to fundraise in the next two financial years to enable the vision to become a reality. We have had sufficient funds for the year and are looking forward to 2025-2026.
Reserves policy
The Charity aims to maintain free reserves sufficient to cover no less than three months’ expenditure.
At the year end, the Charity held funds totalling £1,239,376 (2024: £1,227,103), including £153,649 held in restricted funds (2024: £111,254) and £1,085,727 held in unrestricted funds (2024: £1,115,849). The Charity's free reserves (unrestricted funds less fixed assets and investment property net of the mortgage) totalled £nil (2024: £nil) and is currently below that target. The level of reserves available is sufficient to meet ongoing
Page 3
REGENERATE - RISE (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
activities and reserves will be built up over time to meet the target level.
Fundraising policy
The Charity is involved in fundraising activities through regular donations from individuals or fundraising events. Potential donors are approached by email, post, newsletter or in person at the Centre. For this purpose, the Charity is regulated by the Fundraising Regulator. The Charity protects vulnerable people and other members of the public by ensuring the donor is able to make an informed decision about donating to the Charity. The Charity does not intrude on a person's privacy or place undue pressure on a person to donate money, and has received no complaints in the year regarding its fundraising practices.
FUTURE PLANS
There has been some delay in submitting our Planning Application for the new RISE Centre, a 12 bed Reablement Centre incorporating day services as well as residential care and we look forward to this being granted during the year 2025-2026. Once planning is in place, we will be fundraising for the new build as with our RISE+ work, the need for reablement beds is still just as strong, if not stronger today than it was when we first had the vision to expand.
We also hope to strengthen our work in Woking at St Mary’s in Byfleet as it has a number of hirers from the community who will help us support the day services, although we will be relying on funding from Trusts throughout the year. We expect to have the lease agreement signed with Woking Council in the early part of 2025-26 and look forward to serving the communities of Woking more fully. In the next financial year, we hope to recruit an extra member of staff and strengthen our staff team with a robust training programme along with regular Senior Management Team meetings combining Wandsworth and Woking staff together. We continue to want to serve the older generation and look forward to making a difference to individual lives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Regenerate-RISE was incorporated as a Company Limited by Guarantee on 27 March 2006 and is a registered charity. The Company was established under a Memorandum of Association which establishes the objects and powers of the charitable company and is governed under its Articles of Association.
Recruitment and appointment of new trustees
Trustees are appointed at the Annual General Meeting and by the Trustees between meetings. No person may be appointed unless approved by the Trustees. The number of Trustees should be between three and seven.
Induction and training of new trustees
Trustees are required to participate in an induction and training programme at the start of their term. The Trustees are already familiar with the work of the charity, having been involved with the charity prior to taking up their Trusteeship. Additionally, new Trustees are invited and encouraged to meet with senior management and staff to gather insight into the work of the charity.
Decision making
The business of the charity is overseen by the Board of Trustees. The Trustees are responsible for the following decisions: (i) approving the annual budget; (ii) review of finances; (iii) reviewing the performance of the charity against its stated aims and charitable objects.
Page 4
REGENERATE. RISE (A Company Umlt•d by Guarwrtmj TRUSTEES, REPORT (coKfiNUED) FOR THE YEAR ENDED 31 IAARCH 2025 There are three main nsks laLlng tp of the Chanty. Fwsty. the need fry extra staff in the RISE SW1S Pfofred due to the Increasing needs of our dnts. We have revthved this nsk and raised Ihe rrmbership fee to cnts to go I(FardS the costs. A new staff member also be responsible for admintstration so that the maiorty of overall administrats.on is done by a paKI member of slaff rather than a volunteèr. Se)ndly, there is finanual nsk in the taking on of the CAT (C(Knmunrty Asset Transfer) for Sl Mary's Communrty Cenlre from Woking Counal due to the addrtK>nal costs for mainlaining the l1k11ng. For thB reason. we have ensured that 1 and 3 year break dau8e has been •Jded lo the knse agreemenL Thirdty. the ts an operalicmial risk rf the thanty does rbot generate suff1ent Income to carry out rf8 work. The Trustees regularty revw the management accounts ol the thanty and would take measures to ncxease Income through rai&ng the pnce ol the servkxs. puthng on lundraMing events ¢y cuthng back on eywdrture. The TnJstee8 are regularty made aware of lunding ptUnrtKs that coukj ap for and regulath liae and contacts wrthm the fi•kl In whK w( The Truslees have as¥esged the major nsks to the dwrrty is expcoed. in paCUlar th( related to the operatKins and finances of the thanty. and are 8alAfied that 8YJtems and wocdurn8 are in plac8 to mtya Ouf expowre to the major nsks. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the dir•clm of ts C¢Nnpany for the purymxes of c¢xnpany I) are responsible for preparing the Tru81ees' Report and the financial staternents in a(xonlance wth applicable and United Company Iw rnquwes the Tnffjtees to prepare financial statennts for each financ1 year. Ur)der cw)any law, the Trustees must nol apFxove the an(jaI ststement8 unless are satisfied thal they gNe a true and fair V•V of the state of affairs of the Company and of rts incoming Te50ur(zs and applicats'on of resour¢e3, induding 113 and expeThJiture. for that In weparw4 final stat¢ffWlS. th¢ Trust•¢s ar• required to: sele(1 surtable accountsng polioes and then apply them cmystenty. observe the methods and pnnaples of the Chanls SORP IFRS 102).. make judgments arKI arUntsg ests'mates that afe rea8onable arKI prvdwt. stste whether applicable UK Accountsng Standard8 (FRS 102) have been folcrd, subject to any material epare the financial stalements on the 90ry C4XKm ba818 unle88 rt 16 inapprowate to presume that th8 Cryny contsnue busmeg8. The Trustees are rewsknle lor keewg adequale acccn9 record8 Ihat are sufficnt to sh( and explam the Companrf8 transactsons and drnclose th reawnable accuracy at any tvne the financial pos()n ol the Company arKI enable thern to ensure thal the finanoal statements comply wth the Compans Act 2LK6. They a also responsible loi safeguarding the assets of the Company and hence for taking reasonable Steps for the evenlion and detec ol fraud aThl other irregulawities. od by der of the mLYnbers of tr t#Jard ol TrUee3 on i31 l£S and syied on their behair ty. Mrn M Smfth Trustee Page 5
REGENERATE - RISE (A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner's Report to the Trustees of Regenerate - RISE ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I 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.
Signed:
Dated: 22 October 2025
Andrew Thomas ACA
Nyman Libson Paul LLP
Chartered Accountants
Page 6
REGENERATE - RISE (A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Other income 7 Total income Expenditure on: Charitable activities 8 Total expenditure Other recognised gains/(losses): Gains on disposal of fixed assets Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2025 £ 169,845 107,939 18,855 - - 296,639 254,244 254,244 - 42,395 111,254 42,395 153,649 |
Unrestricted funds 2025 £ 161 191,470 - 40,373 - 232,004 265,627 265,627 3,501 (30,122) 1,115,849 (30,122) 1,085,727 |
Total funds 2025 £ 170,006 299,409 18,855 40,373 - 528,643 519,871 519,871 3,501 12,273 1,227,103 12,273 1,239,376 |
Total funds 2024 £ 158,744 279,424 24,209 37,444 1,806 |
|---|---|---|---|---|
| 501,627 | ||||
| 480,982 | ||||
| 480,982 | ||||
| 7,000 | ||||
| 27,645 | ||||
| 1,199,458 27,645 |
||||
| 1,227,103 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 28 form part of these financial statements.
Page 7
(A Company Limited by Guarantee) REGISTERED NUMBER: 05758108
REGENERATE - RISE
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed assets Tangible assets 12 Investment property 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 Total net assets Charity funds Restricted funds 17 Unrestricted funds: Designated funds 17 General funds 17 Revaluation reserve 17 Total unrestricted funds 17 Total funds |
5,319 116,473 121,792 (40,209) 502,303 80,651 502,773 |
2025 £ 863,690 850,000 1,713,690 81,583 1,795,273 (555,897) 1,239,376 153,649 1,085,727 1,239,376 |
9,469 117,665 127,134 (44,441) 502,303 110,773 502,773 |
2024 £ 868,220 850,000 1,718,220 82,693 1,800,913 (573,810) 1,227,103 111,254 1,115,849 1,227,103 |
|---|---|---|---|---|
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REGENERATE . RISE (A C¢Nnpany Limited by Guarn•rt•e REGISTERED NUPABER: 06768108 BALANCE SHEET ICONTINUED) AS AT 31 PAARCH 2026 The C•Jrryny was enlllled lo exefnw frryn audrt under s¢thon 4T1 ol the Cryanies Act 20c. The mwnbers h not required the ctfflpany to (thin an audil fry the in queslion in accordance 8ettion 476 of Companies Acl 20(. The Trustees ackn(hyledge their responsb11rt for coMpl.ng the requirpJnents of Ihe Act wth respect to The finanoal 8taleirnnl8 have been Fryred in •cc(xdance the provlwons aPble lo entrties subpcl to wnall c(xryanies regwne. The finanaal slatemenls oppro¥ed and autho fof X8ue by the Tru8tee8 IS-w.£ S ned on thw'r beham ty. PArn M Sffllth Trustee The not9• on pages 1110 28 fomi part of these financial statenwl•. Page 9
REGENERATE - RISE (A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
| Note Cash flows from operating activities Net cash used in operating activities 19 Cash flows from investing activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Net cash provided by investing activities Cash flows from financing activities Repayments of borrowing Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 20 |
2025 £ (17,653) 40,373 3,501 (9,500) 34,374 (17,913) (17,913) (1,192) 117,665 116,473 |
2024 £ (8,034) 37,444 7,000 (13,331) 31,113 (16,561) (16,561) 6,518 111,147 117,665 |
|---|---|---|
The notes on pages 11 to 28 form part of these financial statements
Page 10
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
Regenerate - RISE is a charitable company limited by guarantee, incorporated in England and Wales. Its registered office and principal place of business is The Platt Christian Centre, 22 Felsham Road, Putney, London, SW15 1DA.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Regenerate - RISE 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.
2.2 Going concern
The Trustees have reviewed the charity's forecasts and budgets and accordingly have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Having therefore assessed the Charity’s financial position, its plans for the foreseeable future and the risks to which it is exposed and, taking into account future expected income streams, the Trustees are satisfied that it remains appropriate to prepare the financial statements on the going concern basis.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Page 11
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
| Motor vehicles | - | 25% |
|---|---|---|
| Fixtures and fittings | - | 15% |
| Computer equipment | - | 33% |
Freehold buildings are measured under the revaluation model. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date. Fair values are determined from marketbased evidence by appraisal that is undertaken by a professionally qualified valuer. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
2.7 Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Page 12
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
2.11 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.12 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that 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 funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 13
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.14 Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company’s accounting policies, which are described above, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects the current and future periods.
In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
Page 14
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Income from donations and legacies
| Donations Legacies Grants Total 2024 |
Restricted funds 2025 £ 42,345 - 127,500 169,845 157,999 |
Unrestricted funds 2025 £ 161 - - 161 745 |
Total funds 2025 £ 42,506 - 127,500 170,006 158,744 |
Total funds 2024 £ 31,597 10,000 117,147 |
|---|---|---|---|---|
| 158,744 | ||||
Analysis of grants
| Wandsworth Borough Council Byfleet United Charity Wandsworth Combined Charities Miles Trust |
2025 £ 100,000 25,000 2,000 500 |
|---|---|
| 127,500 |
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. Income from charitable activities
| Grant making activities Other charitable activities Total 2024 |
Restricted funds 2025 £ - 107,939 93,531 |
Unrestricted funds 2025 £ 191,470 - 185,893 |
Total funds 2025 £ 191,470 107,939 279,424 |
Total funds 2024 £ 185,893 93,531 |
|---|---|---|---|---|
The Charity received £191,470 (2024: £185,893) from Wandsworth Borough Council to provide its services to older residents in Wandsworth.
5. Income from other trading activities
Income from fundraising events
| Fundraising events Total 2024 |
Restricted funds 2025 £ 18,855 24,209 |
Total funds 2025 £ 18,855 24,209 |
Total funds 2024 £ 24,209 |
|---|---|---|---|
Page 16
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Investment income
| Rents received Deposit account interest Total 2024 |
Unrestricted funds 2025 £ 37,120 3,253 40,373 37,444 |
Total funds 2025 £ 37,120 3,253 40,373 37,444 |
Total funds 2024 £ 33,913 3,531 |
|---|---|---|---|
| 37,444 | |||
7. Other incoming resources
| Insurance claims Total 2024 |
Unrestricted funds 2025 £ - 1,806 |
Total funds 2025 £ - 1,806 |
Total funds 2024 £ 1,806 |
|---|---|---|---|
Page 17
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Analysis of expenditure by activities
| Charitable activities Total 2024 |
Activities undertaken directly 2025 £ 385,581 348,811 |
Support costs 2025 £ 134,290 132,171 |
Total funds 2025 £ 519,871 480,982 |
Total funds 2024 £ 480,982 |
|---|---|---|---|---|
Analysis of direct costs
| Staff costs Charitable activities Other staff costs Analysis of support costs Management Finance Information technology Property costs Governance costs |
Total funds 2025 £ 312,272 58,633 14,676 385,581 Total funds 2025 £ 33,203 47,034 346 46,957 6,750 134,290 |
Total funds 2024 £ 256,681 69,256 22,874 |
|---|---|---|
| 348,811 | ||
| Total funds 2024 £ 42,274 49,017 674 31,206 9,000 |
||
| 132,171 |
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Company's independent examiner for the independent | ||
| examination of the Company's annual accounts | 5,100 | - |
| Fees payable to the Company's auditor for the audit of the Company's | ||
| annual accounts | - | 9,900 |
10. Staff costs
| 2025 £ Wages and salaries 289,928 Social security costs 17,989 Contribution to defined contribution pension schemes 4,355 312,272 The average number of persons employed by the Company during the year was as follows: 2025 No. Administrative & support staff 14 |
2024 £ 237,236 13,744 5,701 |
|---|---|
| 256,681 | |
| 2024 No. 11 |
No employee received remuneration amounting to more than £60,000 in either year.
The total amount of employee benefits received by key management personnel was £40,596 (2024 - £69,922).
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, travel and telephone expenses totalling £136 were reimbursed or paid directly to 3 Trustees (2024 - £1,172 to 3 Trustees).
Page 19
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. Tangible fixed assets
| Cost or valuation At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation At 1 April 2024 Charge for the year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Freehold property £ 800,000 - - 800,000 - - - - 800,000 800,000 |
Motor vehicles £ 31,676 9,500 (6,500) 34,676 18,915 5,522 (6,500) 17,937 16,739 12,761 |
Fixtures and fittings £ 107,135 - - 107,135 52,723 8,162 - 60,885 46,250 54,412 |
Computer equipment £ 7,365 - - 7,365 6,318 346 - 6,664 701 1,047 |
Total £ 946,176 9,500 (6,500) 949,176 77,956 14,030 (6,500) 85,486 863,690 868,220 |
|---|---|---|---|---|---|
The Platt Centre freehold was valued at £1,650,000 on 12.10.20 by Pinder for CAF Bank. The value uplift is shown as a seperate revaluation reserve within unrestricted funds. The value of the building excluding residential areas was valued at £800,000. The value of the residential flats has been shown seperately within investment properties (Note 13).
The aggregate cost of the combined freehold and investment property which has been revalued is £1,199,642. The combined carrying amount under the cost model of the freehold and investment property would have been £1,051,256 (2024 - £1,075,249).
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. Investment property
| Valuation At 1 April 2024 At 31 March 2025 |
Freehold investment property £ 850,000 |
|---|---|
| 850,000 |
The investment property consists of Flat 1 and Flat 2 at The Platt Centre, which the charity earns rental income from. The flats were valued at £850,000 on 12.10.20 by Pinder for CAF Bank.
14. Debtors: Amounts falling due within one year
| Prepayments and accrued income | 2025 £ 5,319 5,319 |
2024 £ 9,469 |
|---|---|---|
| 9,469 |
15. Creditors: Amounts falling due within one year
| Bank loans Accruals and deferred income |
2025 £ 33,750 6,459 40,209 |
2024 £ 33,750 10,691 |
|---|---|---|
| 44,441 |
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
16. Creditors: Amounts falling due after more than one year
| Bank loans Included within the above are amounts falling due as follows: Between one and two years Bank loans Between two and five years Bank loans Over five years Bank loans |
2025 £ 555,897 2025 £ 33,750 101,250 420,897 |
2024 £ 573,810 |
||
|---|---|---|---|---|
| 2024 £ 33,750 101,250 |
||||
| 438,810 |
The Charity holds a mortgage with CAF Bank Limited. Interest is payable at 2.9% above the Bank of England base rate. The term of the mortgage is 20 years. CAF Bank holds legal charges over the Charity's freehold property and a mortgage debenture over all the Charity's assets.
Page 22
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
17. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds The Platt Mission Enhanced Age Well Service General funds General Funds - all funds Revaluation reserve Total Unrestricted funds Restricted funds RISE New Rise Reablement Centre RISE+ SHINE Again RISE Woking Total of funds |
Balance at 1 April 2024 £ 502,303 - 502,303 110,773 502,773 613,546 1,115,849 55,581 52,546 3,203 (76) - 111,254 1,227,103 |
Income £ - 191,470 191,470 40,534 - 40,534 232,004 97,134 9,691 100,770 10,327 78,717 296,639 528,643 |
Expenditure £ - (191,470) (191,470) (74,157) - (74,157) (265,627) (52,467) (10,920) (100,836) (10,952) (79,069) (254,244) (519,871) |
Gains/ (Losses) £ - - - 3,501 - 3,501 3,501 - - - - - - 3,501 |
Balance at 31 March 2025 £ 502,303 - 502,303 80,651 502,773 583,424 1,085,727 100,248 51,317 3,137 (701) (352) 153,649 1,239,376 |
|---|---|---|---|---|---|
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
17. Statement of funds (continued)
Purposes of designated funds
The Platt Mission
These funds were used to help fund the purchase of the Platt Christian Centre ("the Platt Mission") in 2021.
Enhanced Age Well Service
Funds designated for Enhanced Age Well Service are used on day services for older people affected by physical disability, Dementia and memory loss.
Purposes of restricted funds
The purposes of the restricted funds are summarised below. Further details on the objectives and achievements of restricted funds are provided in the Trustees' report.
RISE
RISE provides day services and individual support in Putney, including visiting in hospital, arranging small household tasks, attending appointments and ensuring that the quality of life is improved where it is essential to do so.
New Rise Reablement Centre
The Reablement Centre is the Charity's next stage in its programme of renovation and reablement to expand its work in supporting the main hospitals across South West London. Fundraising has commenced to build a new Reablement Centre, with the aim to be able to use the whole centre to enable older people to reable after a stay in hospital and if they need residential care for a short time, the Centre will be able to provide it.
RISE+
Project funded by the Integrated Care Board (ICB) for South West London, specifically visiting patients on the senior health wards at St George's Hospital and Queen Mary's Hospital, with the aim of helping patients settle back at home and hopefully avoid readmission to hospital.
SHINE Again
During the prior year, the Charity merged with SHINE Again, a charity set up to provide integrative art therapy to primary school children across SW15. The Charity has an object to provide services to young people, and this has enhanced the intergenerational aspect of its work.
RISE Woking
RISE Woking provides the only open day service across Woking and provides care and support to the elderly including a number of people with physical disabilities or the early onset of Dementia. RISE is based in a community centre that provides services to all generations that includes a Diabetic Eye Screening Clinic, Footcare, Parkinsons’ Dance Classes, exercise classes and a variety of support for older people including the provision of lunches, activities and outings for the over 65’s.
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
17. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds The Platt Mission Enhanced Age Well Service General funds General Funds - all funds Revaluation reserve Total Unrestricted funds Restricted funds RISE New Rise Reablement Centre RISE+ SHINE Again Total of funds |
Balance at 1 April 2023 £ 502,303 - 502,303 145,800 502,773 1,150,876 15,878 29,593 3,111 - 48,582 1,199,458 |
Income £ - 185,893 185,893 39,995 - 225,888 132,767 36,851 96,953 9,168 275,739 501,627 |
Expenditure £ - (185,893) (185,893) (82,022) - (267,915) (93,064) (13,898) (96,861) (9,244) (213,067) (480,982) |
Gains/ (Losses) £ - - - 7,000 - 7,000 - - - - - 7,000 |
Balance at 31 March 2024 £ 502,303 - 502,303 110,773 502,773 1,115,849 55,581 52,546 3,203 (76) 111,254 1,227,103 |
|---|---|---|---|---|---|
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Investment property Current assets Creditors due within one year Creditors due in more than one year Total Analysis of net assets between funds - prior year Tangible fixed assets Investment property Current assets Creditors due within one year Creditors due in more than one year Total |
Restricted funds 2025 £ - - 153,649 - - 153,649 Restricted funds 2024 £ - - 111,254 - - 111,254 |
Unrestricted funds 2025 £ 863,690 850,000 (31,857) (40,209) (555,897) 1,085,727 Unrestricted funds 2024 £ 868,220 850,000 15,880 (44,441) (573,810) 1,115,849 |
Total funds 2025 £ 863,690 850,000 121,792 (40,209) (555,897) 1,239,376 Total funds 2024 £ 868,220 850,000 127,134 (44,441) (573,810) 1,227,103 |
|---|---|---|---|
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REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
19. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Dividends, interests and rents from investments Write downs on fixed assets Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash used in operating activities 20. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 21. Analysis of changes in net debt At 1 April 2024 £ Cash at bank and in hand 117,665 Debt due within 1 year (33,750) Debt due after 1 year (573,810) (489,895) |
2025 £ 8,772 14,030 (40,373) - 4,150 (4,232) (17,653) 2025 £ 116,473 116,473 Cash flows £ (1,192) - 17,913 16,721 |
2024 £ 20,645 13,574 (37,444) 4,426 (9,469) 234 (8,034) 2024 £ 117,665 117,665 At 31 March 2025 £ 116,473 (33,750) (555,897) (473,174) |
||
|---|---|---|---|---|
Page 27
REGENERATE - RISE (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
22. Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions of £nil (2024: £899) were payable to the fund at the balance sheet date and are included in creditors.
23. Related party transactions
The director of services, who is the daughter of two Trustees, received a salary for the year at the market rate of £35,992 (2024: £35,992). During the year, travel and telephone expenses of £270 (2024: £682) were also reimbursed to the director of services.
During the year, donations totalling £3,088 were made by 4 Trustees (2024: £2,911 by 3 Trustees).
Page 28