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← Remap 2010

2024-03-31-accounts

Charity Registration England/Wales/NI 1137666 Charity Registration Scotland SC050584 Company Registration No. 07316433 (England and Wales)

REMAP 2010

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

REMAP 2010 LEGAL AND ADMINISTRATIVE INFORMATION

_____________

Trustees

Trustees
Mike Beral
Peter Cattermole
Paul Cooper
Dayna Ferdinandi
Joe Martin
Elizabeth Myers
Saransh Sager
Andrew Waters
Stuart Wheeler
Chair Peter Cattermole
Vice-Chair Dayna Ferdinandi
Honorary Treasurer Andrew Waters
Company Secretary Andrew Waters
Chief Executive Officer
Sue Boyes
Charity number England / Wales 1137666
Scotland SC050584
Company number 07316433
Registered office 9 West End
Kemsing
Sevenoaks
Kent
TN15 6PX
Independent Examiner Frances Wilde
Warner Wilde Limited
Chartered Certified Accountants and Registered
Auditors
4 Marigold Drive
Bisley, Surrey GU24 9SF
Main Bankers Co-Operative Bank
Fund Managers Charles Stanley
BlackRock

REMAP 2010 CONTENTS

_____________

Legal and Administrative Information ......................................................................... 2 Chair’s Foreword ........................................................................................ …………..4 Trustees Report ......................................................................................................... 5 Structure, Governance and Management .................................................................. 5 Objectives and Activities ............................................................................................ 6 Financial Review ........................................................................................................ 9 Statement of Trustees’ Responsibilities ................................................................... 10 Independent Examiner’s Report ............................................................................... 11 Statement of Financial Activities, including Income and Expenditure Account ......... 12 Balance Sheet .......................................................................................................... 14 Notes to the financial statements ............................................................................. 15

REMAP 2010 TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Chair’s Foreword

As this year drew to a close, we were entering our diamond jubilee. After 60 years of helping people with bespoke devices, it would have been too easy to carry on and not consider the need for any changes. However, the environment in which we work has continued to change, and we recognised that we needed to change to ensure that REMAP would thrive in the future. We needed new ways of communicating with clients, volunteers, and donors, so we initiated a revised strategy that helped us to explain what we stood for. We are entering a new period in the history of the charity, and there is plenty of excitement to come.

We continued to see more clients and volunteers from a wider range of cultures and backgrounds and, increasingly, from a younger demographic. This means that some of our volunteers are still in full-time work, and that presents some challenges to local branches, but if the volunteers are willing to commit their time, then it’s important that we build in some flexibility to our traditional working methods. As a charity, we need new blood to help fill the roles as some of our older volunteers retire from REMAP, which means embracing new ways of working.

Also, this year, our new-look website went live at ww.remap.org.uk and has attracted many favourable comments, particularly from Occupational Therapists who are finding the integration of the new Solutions Hub a good reference for ideas to help clients.

The trustees welcomed Paul Cooper, Joe Martin and Mike Beral to the board in June 2023. All three bring extensive experience and expertise in sectors vital to REMAP's effective leadership. This is all part of our program of strengthening our board to provide the best oversight available to the charity. We also saw the retirement of David Reid, the long-term Scotland organiser and coordinator. Many thanks to him for everything he has achieved over the years. I know he will be sorely missed.

REMAP only works because of the magic mix of talented volunteers, supported by a dedicated team of staff and trustees and the generosity of our donors, partners, and charitable trusts. One crucial element of the donations we receive is from legacies and this year we have partnered with www.freewills.co.uk to help people support us. Check it out on the Get Involved part of our website.

Every year, we recover some of the progress we lost during the pandemic. Thank you to everyone who made that possible this year.

Peter K Cattermole Chair of Trustees 12 September 2024

REMAP 2010 TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Structure, Governance and Management

The Governing Document

REMAP is registered at Companies House under the name REMAP 2010 and with the company number 07316433. It is registered with the Charity Commission in England and Wales under the charity number 1137666 and in Scotland under SC050584

REMAP’s main governing document is its Articles of Association, which define the charity's membership and voting rights of each organisational branch. The Operations Manual, which constitutes the charity's rules, supports our policies and processes.

The Operations Manual also guides best practices on all aspects of REMAP’s activities. REMAP’s policies cover the following topics:

Recruitment and Appointment of Trustees

Trustees are expected to serve an initial term of three years and can then be re-elected to serve further terms. The Board considers any Trustee vacancies to ensure a balance of skills, diversity, and experience. The Chairman and the Governance Working Group interview prospective Trustees. New Trustees receive an induction in advance, including key documents to help them understand the organisation.

Trustees do not receive any remuneration but are entitled to be reimbursed for any expenses.

The trustees during the year were:

Mike Beral (Appointed 8 June 2023) Peter Cattermole Paul Cooper (Appointed 8 June 2023) Dayna Ferdinandi Joe Martin (Appointed 8 June 2023) Elizabeth Myers Ian Robertson (resigned 30 May 2023) Saransh Sagar Sarah Shaw (resigned 8 June 2023) Andrew Waters Stuart Wheeler

Ian Robertson and Sarah Shaw resigned as trustees this year due to other commitments. We thank them for their dedication and service during their time with REMAP.

On 8 June 2023, Mike Beral, Paul Cooper and Joe Martin were appointed trustees. Mike Beral has a career in IT and supports several charities with their live streaming. Paul Cooper is a registered Occupational Therapist with experience working in the NHS, adult social care, and the charity sector.

REMAP 2010 TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Joe Martin has 17 years of experience working in the not-for-profit sector in strategy, impact and project management roles, including with the MS Society, Leonard Cheshire and Motability.

None of the trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Objectives and Activities

REMAP’s charitable purpose is to improve the quality of life of people with disabilities, treating each as an individual. The charity’s objects and aims, as set out in the Articles of Association, are to meet the needs of disabled people, irrespective of their race, religion, age, gender, sexual orientation, nationality, or ethnic origin, by using technology and by providing technological solutions designed to address their needs.

It seeks to achieve these objects through designing, manufacturing, and supplying custom-made equipment to meet the individual requirements of disabled people, where commercially available products cannot satisfactorily meet their needs.

REMAP’s custom-made equipment is given free of charge to recipients, so its construction and supply earn no revenues. For the volunteers, the main reward is the satisfaction that is derived from helping disabled people achieve what would not otherwise be possible for them. REMAP volunteers also enjoy the challenge of solving the problems presented and the opportunity to use and develop their skills.

Mission

Organisational Structure

REMAP is a national organisation operating in England, Scotland, and Wales with 65 local branches that operate with a level of autonomy within nationally set guidelines. The local branches are led by volunteers, usually including a Chair, Secretary, and Treasurer. As well as volunteers skilled at designing and manufacturing equipment, many branches also benefit from volunteer Occupational Therapists and others who lead on publicity, fundraising, and the like.

As part of REMAP’s ongoing national ‘virtual ‘office, the charity now has the following personnel, either full-time or part-time:

REMAP 2010 TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Together, they are responsible for managing the charity’s operations and implementing the strategies and objectives set by the board of trustees.

Service Delivery

Apart from the small paid staff team, all REMAP’s work is carried out by approximately 800 volunteers, making it a very efficient organisation. Volunteers spend an estimated 50,000 hours working on projects in a normal year. By adding the value of health professionals' input to local groups for donated materials and workshop overheads, a very conservative assessment would suggest an annual value for the volunteering resource of more than £7 million. That equates to approximately £20 value for every £1 donated.

We received 2,950 client referrals in the period, a 7% increase from the previous year.

The average cost of providing this service, including central overheads, was just £120 per case, demonstrating excellent value for money.

Funding

We operate in a highly competitive funding environment and did well to raise funds from various sources. Diversifying our funding base is a key objective for REMAP. These included charitable trusts, foundations, companies, and individuals, including legacies. We received the first of a three-year grant from The Motability Foundation for our Moving Forward Programme

Governance

REMAP has four trustee committees called ‘Working Groups’ in the following areas:

These groups meet at least annually or more frequently as necessary and report to the Trustee board accordingly.

Risk Management

The charity’s major risks and opportunities are discussed and reviewed with the business cycle and budget process. The trustees confirm that all major risks have been reviewed and systems have been established to mitigate those risks.

Safeguarding and Serious Incidents

REMAP is committed to safeguarding the welfare of children, young people, and vulnerable adults. We believe that children, young people and vulnerable adults have the right to be protected from harm, so it is important that REMAP has a clear set of guidelines about how to keep adults, children and volunteers safe and respond to safeguarding concerns. These include our safeguarding and lone working policies and our requirement that all client-facing volunteers are covered by enhanced DBS certification.

There were no serious incidents during this period.

REMAP 2010 TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Other Operational Matters

.

REMAP 2010 TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Financial Review

The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

The charity's policy is that unrestricted funds that have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities. At the same time, consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Public Benefit

The charity has complied with the guidance on public benefit requirements in accordance with Section 17 of the Charities Act 2011.

The trustees’ report was approved by the Board of Trustees.

Peter K Cattermole Chair of Trustees 12 September 2024

REMAP 2010 TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

Statement of Trustees’ Responsibilities

The trustees, who are also the directors of REMAP 2010 for the purpose of company law, are responsible for preparing the Trustees’ Report and Accounts in accordance with applicable law and United Kingdom Accounting Standards (the United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the trustees are required to:

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

REMAP 2010

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF REMAP 2010

I report to the trustees on my examination of the financial statements of REMAP 2010 (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (the 2006 Act). You are satisfied that the financial statements of the charity are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the financial statements of the charity 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 charity’s financial statements carried out under section 44 (1) ( c) of the 2005 Act and section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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 that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Frances Wilde FCCA DChA

Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF

Dated: .......12 September 2024..................

REMAP 2010

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Current financial year

Unrestricted
funds
general
Unrestricted
funds
designated
Restricted
funds
Income from:
2024
Notes
£
2024
£
2024
£
Donations and legacies
3
206,634
83,115
4,500
Investments
4
7,101
118
-
Total income
213,735
83,233
4,500
Expenditure on:
Raising funds
5
17,263
-
-
Charitable activities
6
266,381
69,888
17,376
Other
10
1,555
-
-
Total expenditure
285,199
69,888
17,376
Net gains/(losses) on investments
11
5,617
-
-
Net outgoing resources before transfers
(65,847)
13,345
(12,876)
Gross transfers between funds
33,338
(33,338)
-
Net movement in funds
(32,509)
(19,993)
(12,876)
Fund balances at 1 April 2023
129,513
433,582
35,935
Fund balances at 31 March 2024
97,004
413,589
23,059		 Total
2024
£
294,249
7,219
301,468
17,263
353,645
1,555
372,463
5,617
(65,378)
-
(65,378)
599,030
533,652		 Total
2023
£
283,588
7,238
290,826
15,057
289,690
1,190
305,937
(16,101)
(31,212)
-
(31,212)
630,242
599,030

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

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

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

REMAP 2010 STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Prior financial year

Unrestricted Unrestricted
Restricted
funds
general
funds
designated
funds
Income from:
Notes
2023
£
2023
£
2023
£
Donations and legacies
3
136,184
94,839
52,565
Investments
4
7,199
39
-
Total income
143,383
94,878
52,565
Expenditure on:
Raising funds
5
15,057
-
-
Charitable activities
6
100,770
74,275
114,645
Other
10
1,190
-
-
Total expenditure
117,017
74,275
114,645
Net gains/(losses) on investments
11
(16,101)
-
-
Net outgoing resources before transfers
10,265
20,603
(62,080)
Gross transfers between funds
22,380
(22,380)
-
Net movement in funds
32,645
(1,777)
(62,080)
Fund balances at 1 April 2022
96,868
435,359
98,015
Fund balances at 31 March 2023
129,513
433,582
35,935		 Total
2023
£
283,588
7,238
290,826
15,057
289,690
1,190
305,937
(16,101)
(31,212)
-
(31,212)
630,242
599,030

REMAP 2010

BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 13 342,030 357,968
Current assets
Debtors 14 7,366 7,450
Cash at bank and in hand 186,476 235,772
193,842 243,222
Creditors: amounts falling due within 15
one year (2,220) (2,160)
Net current assets 191,622 241,062
Total assets less current liabilities 533,652 599,030
The funds of the charity
Restricted income funds 18 23,059 35,935
Unrestricted funds – general 19 97,004 129,513
Unrestricted funds – designated 17 413,589 433,582
533,652 599,030

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

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

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

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

The financial statements were approved by the trustees on .....12 September 2024......

.............................. Peter K Cattermole

Chair of Trustees

Company registration number 7316433 (England and Wales)

REMAP 2010

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

1 Accounting policies

Charity information

REMAP 2010 is a private company limited by guarantee incorporated in England and Wales. The registered office is 9 West End, Kemsing, Sevenoaks, Kent, TN15 6PX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

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

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

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

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

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

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

REMAP 2010

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

1 Accounting policies

(Continued)

1.5 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. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

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

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

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

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at recoverable value.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

REMAP 2010

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

1 Accounting policies

(Continued)

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

REMAP 2010

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

3 Income from donations and legacies

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
£
£
£
Donations and gifts
31,825
58,017
2,500
Legacies
50,488
5,500
-
Grants
124,321
19,598
2,000
206,634
83,115
4,500
Grants
National Lottery Community Fund - Reaching
Communities/Partnerships
-
-
-
Motability
76,562
-
-
Northwood Trust
14,000
-
-
Kent Community Foundation
13,000
-
-
Thomas Home Trust
7,000
-
-
Other
13,759
19,598
2,000
124,321
19,598
2,000		 Total Unrestricted Unrestricted
Restricted
Total
funds
funds
funds
general designated
2024
2023
2023
2023
2023
£
£
£
£
£
92,342
40,567
85,534
2,065
128,166
55,988
39,917
-
-
39,917
145,919
55,700
9,305
50,500
115,505
294,249
136,184
94,839
52,565
283,588
-
-
-
49,000
49,000
76,562
-
-
-
-
14,000
-
-
-
-
13,000
-
-
-
-
7,000
-
-
-
-
35,357
55,700
9,305
1,500
66,505
145,919
55,700
9,305
50,500
115,505

REMAP 2010

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

4 Income from investments

Unrestricted Unrestricted
funds
funds
general
designated
2024
2024
£
£
Income from listed
investments
7,101
-
Interest receivable
-
118
7,101
118		 Total Unrestricted Unrestricted
Total
funds
funds
general
designated
2024
2023
2023
2023
£
£
£
£
7,101
7,191
-
7,191
118
8
39
47
7,219
7,199
39
7,238

5 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Other fundraising costs 17,263 15,057

REMAP 2010

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

6 Expenditure on charitable activities

Charitable Charitable
Activties Activties
2024 2023
£ £
Direct costs
Staff costs 205,853 147,177
Panel and project costs 84,800 86,562
Salesforce 13,336 10,578
Computer and website costs 14,343 14,372
Telecommunications 1,619 1,224
Printing, postage and stationery 3,775 3,219
Publicity 10,611 9,668
Insurance 8,016 6,313
Utilities and storage 874 691
Subscriptions and training 1,582 5,591
CEO costs 5 223
Miscellaneous costs 1,602 947
346,416 286,565
Share of support and governance costs (see note 7)
Support 212 610
Governance 7,017 2,515
353,645 289,690
Analysis by fund
Unrestricted funds - general 266,381 100,770
Unrestricted funds - designated 69,888 74,275
Restricted funds 17,376 114,645
353,645 289,690
Support costs allocated to activities
2024 2023
£ £
Staff costs 212 610
Governance costs 7,017 2,515
7,229 3,125
Analysed between:
Charitable Activties 7,229 3,125

7 Support costs allocated to activities

REMAP 2010

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

7
Support costs allocated to activities
Governance costs comprise:
Independent examiners fees
Trustee costs
AGM costs		 (Continued)
2024
2023
£
£
2,220
2,150
-
365
4,797
-
7,017
2,515

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
7
2024
£
191,502
10,786
3,565
205,853		 2023
Number
5
2023
£
137,051
7,362
2,764
147,177

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

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024 2023
£ £
Aggregate compensation 47,395 46,635

REMAP 2010

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

10 Other

Unrestricted Unrestricted
funds funds
general general
2024 2023
Portfolio management fees 1,555 1,190
1,555 1,190

11 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Revaluation of investments 5,617 (15,865)
Sale of investments - (236)
5,617 (16,101)

12 Taxation

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

13 Fixed asset investments

Listed
investments
Cash in
portfolio
£
£
Cost or valuation
At 1 April 2023
353,936
4,032
Additions
24,428
50,950
Valuation changes
5,531
-
Transfers out
-
(27,044)
Management charges
-
(1,555)
Disposals
(43,943)
(24,305)
At 31 March 2024
339,952
2,078
Carrying amount
At 31 March 2024
339,952
2,078
At 31 March 2023
353,936
4,032		 Total
£
357,968
75,378
5,531
(27,044)
(1,555)
(68,248)
342,030
342,030
357,968

REMAP 2010

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

14
Debtors
Amounts falling due within one year:
Other debtors
15
Creditors: amounts falling due within one year
Other creditors
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
2023
£
£
7,366
7,450
2024
2023
£
£
2,220
2,160
2024
2023
£
£
3,565
2,764

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

17 Unrestricted funds - designated

These are unrestricted funds which are material to the charity's activities.

At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
designated 433,582 83,233 (69,888) (33,338) 413,589
Previous year: At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
designated 435,359 94,878 (74,275) (22,380) 433,582

REMAP 2010

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

18 Restricted funds

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

Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2022 resources expended 1 April 2023 resources expended31
March 2024
£ £ £ £ £ £ £
Restricted funds 49,015 3,565 (16,645)
35,935		 4,500 (17,376) 23,059
National Lottery
Community Fund 49,000 49,000 (98,000)
-		 - - -
98,015 52,565 (114,645)
35,935		 4,500 (17,376) 23,059

Restricted funds of £23,059 comprises grants for specific use. The grant of £98,000 received in 2022 and 2023 from National Lottery Community Fund for Reaching Out had been fully spent by 31 March 2023.

19 Unrestricted funds

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

At 1 April Incoming Resources Transfers Gains and At 31 March
2023 resources expended losses 2024
£ £ £ £ £ £
General funds 129,513 213,735 (285,199) 33,338 5,617 97,004
Previous year: At 1 April Incoming Resources Transfers Gains and At 31 March
2022 resources expended losses 2023
£ £ £ £ £ £
General funds 96,868 143,383 (117,017) 22,380 (16,101) 129,513

Of total reserves of £533,652 at 31 March 2024, £413,589 had been classified as designated. This includes funds held by nationwide branches for local use and an allocation for the key risks faced by Remap.

REMAP 2010

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

20 Analysis of net assets between funds

Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
£
£
£
At 31 March 2024:
Investments
-
342,030
-
Current assets/(liabilities)
97,004
71,559
23,059
97,004
413,589
23,059
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2023
2023
2023
£
£
£
At 31 March 2023:
Investments
-
357,968
-
Current assets/(liabilities)
129,513
75,614
35,935
129,513
433,582
35,935		 Total
2024
£
342,030
191,622
533,652
Total
2023
£
357,968
241,062
599,030

21 Related party transactions

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