# TRAUMA RECOVERY CENTRE (A company limited by guarantee) Financial Statements Year Ended: 31[st] March 2024 Charity No: 1141659 Company No: 7526611 ## **C O N T E N T S** **----- Start of picture text -----**
||| |---|---| |Page| |Reference and administrative information|3| |Trustees Report|4| |Achievements and Performance 7| |Statement of Financial Activity|14| |Balance Sheet|15| |Statement of Cashflows|17| |Notes to the Accounts|18| |Accountants Report|26| **----- End of picture text -----**
2 ## **Reference and administrative information** **Charity Name:** Trauma Recovery Centre **Working Name:** TRC **Charity Number:** 1141659 **Company Number:** 7526611 **Registered Office Address:** John Eccles House Robert Robinson Avenue Oxford OX4 4GP ## **Trustees:** Trustees serving at the date of this report are: Mrs Elizabeth de Thierry (Chair) Mrs Susan Mary Patterson Mr Kenneth Whitelaw-Jones (resigned 9[th] May 2023) Dr Laura Aruparayil Mr Malachi Dingis Kathleen Bassett (appointed 15[th] June 2023) **Company Secretary:** Rowan Fisher **Bankers:** HSBC Bank PLC, 62 George White Street, Cabot Circus, Bristol, BS1 3BA **Independent Examiner:** Mark Garrett FCA, Mark Garrett Tax and Accountancy Ltd. 23 Leafield Industrial Estate, Corsham, Wiltshire, SN13 9RS 3 **Trustees’ Report** ## **For the year ended 31[st] March 2024** The Trustees have pleasure in presenting their report with the financial statements of the charity for the year ended 31st March 2024 which are also prepared to meet the requirements of a director’s report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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). ## **Structure, Governance and Management** The organisation is a charitable company limited by guarantee, incorporated on 11[th] February 2011 and registered as a charity on 3[rd] May 2011. The company was established under a Memorandum of Association and is governed under its Articles of Association. The Trustees, who are also directors of the charity for the purposes of the Companies Act 1985, have the power to appoint new or additional trustees and to remove any trustee provided the number of Trustees does not fall below a minimum of three. Trustees are selected to have a wide range of therapy, education, business and charity experience and are required to gain an understanding of all aspects of the charity’s work. New trustees are provided with a Trustee Handbook that includes: - An overview of the charity, including vision, aims, activities and governance; - - Information on the roles and responsibilities of trustees; - Copy of Articles of Association and Board Policies; - Details of current staff members and board members; and - A copy of the Charity Commission guidance (CC3a) ‘The Essential Trustee’. Trustee meetings are held a minimum of three times per year and trustees are provided with up to date financial information. The trustees review major risks to which the charity is exposed, as identified by the board, with systems or procedures being established to manage those risks. In addition to the Board of Trustees, each individual member of our therapy staff has an external supervisor. The team of supervisors have extensive experience of play, music and art in therapy, child counselling and all are approved clinical supervisors. Future strategy for the charity is developed by the Trustees. 4 The daily running of the charity is undertaken by the Trustees and Senior Staff Team together with a team of staff and volunteers who provide a range of skills and experience. ## **Objectives and Activities** Trauma Recovery Centre’s objects, as per the charity’s articles of association are: 1. To relieve the mental and physical suffering of children and young people suffering from crisis or trauma which has caused emotional damage by the provision of counselling and support for such persons; 2. To advance the education of the public in the subject of trauma recovery; Under these objects the charity has established the following vision: The TRC exists to help children recover from trauma; defined as an experience which is overwhelming and hinders the child’s safety and security. Trauma causes a child or young person to feel terrified and powerless. At the TRC we facilitate recovery for children and young people as they process trauma and support them as they piece their lives back together until a wholeness can be found. We also work to support parents/carers, as well as training and supporting teachers to form a holistic support service. We believe that children and young people can recover from trauma. In order to fulfil the vision the charity aims to: - help children and young people process what is going on in their world; - help them find their voice; - see trauma symptoms reduced in their everyday life and future; and - give them the time and space to work out what they are feeling, and why, so they can be empowered into a positive, bright future. The charity works towards achieving these aims through: - Using play, art, drama and music to help children process, think, learn and speak. - Providing excellent creative play, art and music therapy, facilitated by workers trained to high professional standards. - Ensuring that every child is valued, cared for, listened to, and that their feelings are validated and processed. 5 - Providing a network of excellent therapists, carers and other professionals, all committed to proactive intervention, giving children the possibility of a fantastic future. - Supporting parents/ carers in groups and individually to enable them to process the shared trauma and begin to find hope that recovery is possible. - Upskill the parents and carers in understanding neuroscience so that they are empowered to understand behaviour in their child’s life, their own life and others lives. - Believing that recovery from trauma is possible and that overcoming challenges leads to a better future. - Believing it’s worth it for each individual child and family. The activities of the charity: TRC Therapy Centres offer creative therapy and psychotherapy to children and young people who are facing trauma and extreme challenges, specialising in complex trauma recovery. We provide individual sessions to children and young people as well as adult counselling and parenting groups to their parents/carers. We specialise in working with complex trauma including children, young people & their carers who have been rescued from human trafficking. In shaping the charity’s objectives and activities the trustees have had regard to the charity commission’s guidance on public benefit. The TRC is supported by a team of volunteers. 6 ## **Achievements and Performance** TRC has experienced a year of positive work and positive growth. As ever, the evaluation of the data that is collected from those who have had access to the specialised psychotherapy and support of the charity has been immensely positive. We have become more able to articulate the specialist nature of our work, in context to the growing Trauma Informed movement, which can sometimes lack a clear understanding of the essential element of recovery from trauma. The trauma symptoms which the children and young people come with to each of our centres, has been interruptive to their lives both in their relationships, learning, emotions, body and general wellbeing. Many of them are struggling with most aspects of their life and the families speak of often being ‘desperate’ for our help. It is a privilege to provide long term, relationally central, warm and genuine, environment where both the adults and children report that they feel cared for, emotionally safe and able to explore some of the worst aspects of their lives, with a kind and non-judgemental team who are dedicated to facilitating specialised psychotherapy, psychoeducation, support and care for each person who comes to find help. We continue to have referrals from all sources including police, CAMHS, GP’s, social care, other mental health charities and schools. Our unique organisation is built on a shared passion for attachment trauma being repaired, and as such we are delighted when children who were once clients in our centres come back as young adults and speak of how helpful the charity was in their difficult days. We want to always have an ‘open door policy’ where families can come back and meet up with team and find support or share stories or positive achievements. We recognise that our specialist service can still be misunderstood when so many now speak about trauma-informed practice. However, because trauma recovery is not part of any qualifying course to become a psychiatrist, paediatrician, psychotherapist art, music, drama, dance or play therapist, counsellor or occupational therapist, we recognise that our staff who have all completed such training and then progressed into further training in the TRFM model are specialists in this field. We do believe that our partnership with the Trauma Recovery Focused Model is enabling us to work with our recovery lens to view all symptoms of distress as signs that recovery and healing are needed. To facilitate that holistic recovery is still a privilege and one we wish we could facilitate for many more. This year I think we need to mention the core administration team who provide the firm foundations for the therapy work to be offered. Heather Brown has been a continuous anchor in the organisation and has worked very hard over a long time updating many systems to enable the work to be smooth running. She has worked alongside Kate Blanshard who is a qualified lawyer and so has reviewed our paperwork with that detailed lens. Alongside these two leaders we have been grateful for Jess Nash who has focused on obtaining grants and other important weekly tasks and Rowan Fisher who is our accountant. The whole core team have 7 made such an excellent foundation for the therapy work to be completed and they have been supported by Claire Tinker who has served the charity since it’s early days and so understands the fine details of the systems and culture whilst also being responsible for the data. Our excellent psychotherapists and parent support staff are always hard-working and highly skilled, and we appreciate them deeply as they accompany those we help through their trauma. We would also like to make special mention of our gratitude for our Founding Director and Chair of Trustees, Betsy de Thierry. This year she continued to give hundreds of hours of voluntary Trauma Recovery expertise to the charity, and works with the both the clinicians to consult in complex trauma recovery, and work with the admin team in the running of the charity. Betsy’s work internationally has led to exciting collaborations with like minded professionals in the field across the year, as she continues to spread the message that Trauma Recovery is possible, which she pioneered in 2011. Our ambition is still to be able to be there to help every child and young person who experiences trauma in BANES, Oxford and Guernsey and further afield, so that the impact of the trauma is immediately reduced, leading to less long term mental health and physical health difficulties alongside leading to a better ability for them to engage in learning and succeed with their giftings. ## **Referrals this year:** We took 40 referrals this year, but had 193 referral enquiries and sadly due to the waiting list we were unable to guarantee that we could take them on within 12 months; for some months of the year we therefore closed our wait lists and were unable to accept referrals due to our decision that asking people to wait for so long was unethical. ## **The people we worked with** This year we supported 171 people across 3 locations to provide long term, specialist Trauma Recovery Focused support. 91 children and young people aged 3-24 accessed Trauma Recovery Focused Creative therapy 77 adults accessed the parent/carer group and went through the psychoeducation course: Parenting the traumatised child. 3 parent/carer aged 25+ accessed 1:1 Trauma Recovery Focused support 5 children aged 6-15 accessed the Therapeutic Activity Group **Total number of sessions: Over 1640 hours of clinical support with children and young people, and over 1250 hours with parents/carers.** 8 **We also have meetings with external professionals including being involved with:** Case conferences CIN - Child in Need process Phone calls with professional Strategy meetings Team around the family/child meetings EHCP Reviews **Client Referral Reasons:** 97% of the clients we work with have experienced multiple traumas. Domestic Violence 39% Early Life Trauma 57% Emotional Abuse 48% Physical Abuse 18% Sexual Abuse 17% Bereavement 17% Neglect 23% Refugee 3% One off trauma 3% 34% of the children and young people reported further traumatic experiences after starting therapy. **Age of Children and Young People:** 4 to 11: 44% 12 to 15: 41% 16-25: 13% 25+: 2% **Gender of Children and Young People:** Male 48% 9 Female 49% Transgender 2% Gender Neutral 1% ## **Outcomes for families:** We use a number of clinical measures to assess the work we do including SDQ’s, The Trauma Symptom Checklists (Briere) and Adult Wellbeing scales. We have also developed our own TRC Ending Evaluations are completed by client parents for those under the age of 16, or self reported for those over the age of 16. We work with children and young people for as long as it takes for them to process their trauma experiences and see a reduction of their trauma symptoms. The children and young people receive creative psychotherapy by the TRC clinical team who are trained in using the TRFM model, whilst the parents/ carers go through a psychoeducation course called ‘parenting the traumatised child’ that is also part of the TRFM model, which is licensed from Trauma Recovery Global, our partner organisation. As a result: 100% children and young people who graduated from their full course of therapy reported a significant reduction of their trauma symptoms. 99% families reported they were so grateful for the support they received and that both the therapy and the parent support group sessions have helped them. Here are some voices of those we supported this year: “ _I am sad to leave TRC because I enjoyed coming and playing with all the toys here, but school is better now and I have less muddles in my head. Now I can look forward to the future.” TRC Client_ _“The trauma recovery centre is good. I feel happy when I'm here and I can trust the people here. I liked the swing, missing school, it's fun you get to play games. Mummy has noticed that I don't think about or worry about the things that have happened anymore. I'm much more able to take control of my emotions rather than them controlling me. I don't throw things around the house anymore when I'm upset.” TRC Client_ _“The support and understanding given throughout our journey and help with tools and guidance on how to approach different situations has been helpful. Fantastic support and help for families at such huge times in their lives giving support and understanding and dealing with trauma._ _It has taught us how to deal with tricky situations and given us ideas on the best tools to use and for us all as a family to have a great understanding of trauma, the impact it can have on everyone, triggers and solutions.”_ TRC Client parent 10 _“I would really like to pass on my gratitude to you and your team for the work with this child – I have certainly noticed an evident difference in him. He is more vocal and communicative with me and I feel like, finally, staff members are able to begin to form a positive relationship with him.”_ Headteacher of TRC Client _“I’m afraid to say you’ve done yourselves out of a job! I don’t think I would be sitting here on the last day looking forward to seeing my child spread their wings and take off if it were not for the TRC. You are changing lives! I also felt as the parent that I was listened to and believed and that I mattered. The staff have all been so kind and considerate over the years”_ TRC Client Parent Due to our specific work with complex trauma, we do spend time with the parents/ carers to ascertain if the child is in a safe and stable enough place to be able to have trauma therapy. In complex trauma, the context, history and symptoms are often multi layered and take time to assess and therefore there were a number of families who were unable to complete their course of therapy due to adoption breakdown, physical health and other situations leading to unplanned endings. We are glad to be able to offer an open door policy for them to come back in the future when life is more stable again and they are able to engage back in therapy. 11 ## **Financial Review** Income for the year was £283,344 (previous year £159,216); coming from income from grants (33%), charitable activities (35%), general donations and fundraising (32%), and other income (less than 1%). Expenditure for the year totalled £210,660 (previous year £146,475) with 97% spent on charitable activities. The charity closed the year with funds of £104,180. The Trustees were grateful to receive grants in the year from The Kelly Family Charitable Trust, Skipton Community Fund, Quartet Community Foundation, Guernsey Community Foundation, Magdalen Hospital Trust, Help A Guernsey Child LBG, Hope For a Child Guernsey, Social Investment Fund, Society of Merchant Venturers, The Lord Barnby Foundation, Victoria Hospital, Guernsey Wooden Spoon, and Bath & North East Somerset Community Fund. There are no material concerns about the charity’s ability to continue as a public benefit entity. Reserves Policy The trustees have developed a reserves policy to establish a level of reserves that are right for the TRC and to explain to the charity’s stakeholders why holding these reserves is necessary. The charity’s trustees have identified the need to hold back some funds as reserves for the following reasons: 1. Covering unforeseen day-to-day operational costs, e.g. employing temporary staff to cover a long-term sick absence 2. Funds might be needed to give the trustees time to take action if income falls below expectations 3. Funds might be needed to fund short-term cashflow deficits The charity’s trustees have considered the following in deciding reserves levels: 1. Income sources by project area 2. The charity’s current expenditure budget and any future spending commitments 3. Long term grant funding secured 4. The minimum funding needed to avoid undue negative impacts on the TRC’s beneficiaries, for example giving time for therapy to be ended with a planned ending 5. The funds needed to allow the TRC to wind up while meeting its obligations to staff and service users 12 TRC¢ Having given consideration to the above points the TRCS board of trustees have agreed to aim to keep a minimum of £15.01)Q of financial reserve5 as unrestricted funds, Plans for Future Perlods We are explorlng the opening of new centres in new areas. We plan on re•opening our lobbying department to help our message about the vital work of trauma recovery be amplified in the fast-moving pace of the trauma informed movement. We plan on continuingthe same excellent work we are doingand not chan8in8 our model or practice, but instead grow in remembering to celebrate every chan8ed life. We plan on continulngtowork hard to reduce our waiting lists. Signed: Date.. E J de Thierry (Chair of Trustees) 13 ## **Statement of Financial Activities Year Ending 31[st] March 2024** **----- Start of picture text -----**
Total for FY Total for FY
Unrestricted Restricted
Note 31st March 31st March
Funds Funds
2024 2023
Income from:
Donations and Legacies 1 58,329 117,886 176,215 85,784
Charitable Activities 2 9,075 89,740 98,815 67,617
Other Trading Activities 3 7,869 445 8,314 5,815
Total 75,273 208,071 283,344 159,216
Expenditure on:
Raising Funds 4 2,081 98 2,179 2,409
Charitable Activities 5 30,895 173,584 204,479 140,075
Other 6 1,548 2,454 4,002 3,991
Total 34,524 176,136 210,660 146,475
Net Income / (Expenditure) 40,749 31,935 72,684 12,741
Transfers between funds
Gross transfers between funds 7 (12,621) 12,621 0 0
Net Incoming Resources Before
Other Recognised Gains / Losses 28,128 44,556 72,684 12,741
Other Recognised Gains / Losses 0 0 0 0
Net Movement in Funds 28,128 44,556 72,684 12,741
Reconciliation of Funds
Total funds brought forward from
previous year 16,300 15,196 31,496 18,755
Total Funds Carried Forward 44,428 59,752 104,180 31,496
**----- End of picture text -----**
14 ## **Balance Sheet At 31[st] March 2024** **----- Start of picture text -----**
Total at Total at
Unrestricted Restricted
Note 31st March 31st March
Funds Funds
2024 2023
Fixed Assets
Tangible Assets 8 0 677 677 595
Intangible Assets 9 0 0 0 0
Total Fixed Assets 0 677 677 595
Current Assets
Debtors 10 3,186 19,860 23,046 10,172
Cash at Bank and In Hand 11 43,119 48,403 91,522 22,501
Total Current Assets 46,305 68,263 114,568 32,673
Creditors: Amounts falling 12 1,877 9,188 11,065 1,772
due in one year
Net Current Assets 44,428 59,075 103,503 30,901
Total Assets less Current
Liabilities 44,428 59,752 104,180 31,496
Creditors: Amounts falling 0 0 0 0
due after one year
Provisions for liabilities and
charges 0 0 0 0
Net Assets 44,428 59,752 104,180 31,496
Funds of the Charity
General Fund 42,234 0 42,234 16,300
Designated Funds 2,194 0 2,194 0
Restricted Income Funds 13 0 59,752 59,752 15,196
Total Funds 44,428 59,752 104,180 31,496
**----- End of picture text -----**
15 TRC¢ For the year ending 3110312024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. • The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of account5. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. th These accounts were approved by the Board on 27 November 2024. Mrs E J de Thierry (Trustee) Mrs S M Patterson (Trustee) 16 |**Statement of Cash Flows**
**Year Ending 31st March 2024**|||| |---|---|---|---| |Note|Total for FY
31st March
2024||Total for FY
31st March
2023| |**Cashflows from Operating Activities**|||| |Net cashprovided by (used in)operatingactivities
20|69,371||8,640| ||||| |**Cashflows from Investing Activities**|||| |Purchase ofproperty, plant and equipment
8|(350)||0| ||||| |Cashflows from FinancingActivities|0||0| ||||| |Change in cash and cash equivalents in the reporting period|69,021||8,640| ||||| |Cash and cash equivalents at the start of the reporting period|22,501||13,861| ||||| |Change in cash and cash equivalents due to exchange rate
movements|0||0| ||||| |Cash and cash equivalents at the end of the reporting period
21|91,522||22,501| 17 ## **Notes to the Accounts** ## Note 1: Income from Donations and Legacies |Donations
Grant Funding
Gift Aid Tax Claimed
Donated Services and Facilities
Other Income
Total|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
46,441
1,120
47,561
26,885
3,000
90,200
93,200
52,000
6,415
0
6,415
4,539
2,473
26,566
29,039
1,983
0
0
0
377| |---|---| ||58,329
117,886
176,215
85,784| ## Note 2: Income from Charitable Activities |Client Family Contributions
Therapy Fees
Training Days
Total|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
0
20,040
20,040
24,824
0
69,700
69,700
34,475
9,075
0
9,075
8,318| |---|---| ||9,075
89,740
98,815
67,617| ## Note 3: Income from Other Trading Activities |Sales of Goods
Fundraising Events
Total|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
630
0
630
895
7,239
445
7,684
4,920| |---|---| ||7,869
445
8,314
5,815| ## Note 4: Expenditure on Raising Funds |Donor Administration
Direct Event Costs
Goods for Resale
Total|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
653
98
751
476
758
0
758
1,206
670
0
670
727| |---|---| ||2,081
98
2,179
2,409| 18 ## Note 5: Charitable Activities |Staff Costs
Staff & Volunteer Training
Sessional Staff Costs
Travel & Subsistence Costs
Volunteer Expenses
Premises Costs
Insurances
Craft Supplies, Toys & Other Equipment
Professional Memberships
IT Support and Consultancy
Consultancy Fees
Conference Speakers
Other Costs (including office costs)
Total|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
12,170
126,102
138,272
104,077
132
2,071
2,203
193
0
0
0
25
188
2,126
2,314
1,217
12
0
12
57
4,712
30,632
35,344
19,737
1,631
1,070
2,701
2,504
0
4,713
4,713
210
163
0
163
175
518
1,283
1,801
1,800
0
2,942
2,942
0
4,683
0
4,683
2,415
6,686
2,645
9,331
7,665| |---|---| ||30,895
173,584
204,479
140,075| ## Note 6: Other Expenditure |Bank Charges and Interest
Professional Fees (Legal &
Accountancy)
Clinical Supervision
Annual Fees
Depreciation, Amortisation and Loss
on Disposal of Fixed Assets
Total|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
139
0
139
131
1,374
0
1,374
1,249
0
2,186
2,186
2,185
35
0
35
35
0
268
268
391| |---|---| ||1,548
2,454
4,002
3,991| ## Note 7: Gross Transfers Between Funds |Therapy
Guernsey
Oxford
Training
General Fund|**Unrestricted Funds**
**Restricted Funds**
2,912
7,772
1,937
(1,500)
(11,121)| |---|---| ||(12,621)
12,621| 19 ## Note 8: Tangible Fixed Assets |**Cost**
At 31st March 2023
Additions
Disposals|Fixtures & Fittings
Office Equipment
Total
Unrestricted
Funds
Restricted Fund
Big Lottery:
Awards for All
Unrestricted
Funds
Restricted
Funds
£
£
£
£
£
1,030
9,928
3,533
991
15,482
0
0
0
350
350
(1,030)
0
(2,345)
0
(1,895)| |---|---| |At 31st March 2024
**Depreciations**
At 31st March 2023
Charge this year
Disposals|0
9,928
1,188
1,341
13,937
1,030
9,928
3,533
396
14,887
0
0
0
268
268
(1,030)
0
(2,345)
0
(1,895)| |At 31st March 2024|0
9,928
1,188
664
13,260| |**NBV at 31st March**
**2024**|0
0
0
677
677| ## Note 9: Intangible Fixed Assets |Intellectual Property
**Cost**
At 1st April 2023
Additions
Disposals
At 31st March 2024
**Depreciations**
At 1st April 2023
Charge this year
Disposals
At 31st March 2024
**NBV at 31st March 2024**|Unrestricted
Funds
£
1,676
0
0| |---|---| ||1,676
1,676
0| ||1,676
0| 20 ## Note 10: Debtors |Prepayments
Outstanding Invoices
Gift Aid Debtor
Other Debtors|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
528
3,685
4,213
0
0
16,175
16,175
9,775
2,658
0
2,658
275
0
0
0
122| |---|---| ||3,186
19,860
23,046
10,172| ## Note 11: Cash at Bank and In Hand |HSBC Current Account 1
HSBC Current Account 2
PayPal Account|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
7,677
8,653
16,330
20,118
35,280
39,750
75,030
2,383
162
0
162
0| |---|---| ||43,119
48,403
91,522
22,501| ## Note 12: Creditors: Amounts Falling Due Within One Year |Accrued Expenses
Deferred Income|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
1,877
1,313
3,190
1,772
0
7,875
7,875
0| |---|---| ||1,877
9,188
11,065
1,772| ## Note 13: Restricted Income Funds |Bath Therapy Centre
Guernsey Therapy Centre
Oxford Therapy Centre
Total|**Balance at**
**1st April**
**2023**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Transfers**
**Between**
**Funds**
**Balance at**
**31st March**
**2024**
15,196
102,030
101,742
2,912
18,396
0
90,370
56,786
7,772
41,356
0
15,671
17,608
1,937
0| |---|---| ||15,196
208,071
176,136
12,621
59,752| Transfers between funds have been made from unrestricted funds to fund the deficit on a restricted fund. 21 ## Note 14: Trustees None of the trustees have been paid any remuneration or received any other benefits from an employment with Trauma Recovery Centre or a related entity. Expenses were paid to none of the trustees to reimburse costs incurred by them in carrying out their duties as trustees of Trauma Recovery Centre. ## Note 15: Reimbursement of Trustee Expenses Number of Trustees Reimbursed 0 |Travel and Accommodation
Subsistence
Total|Total
(£)
0
0
0| |---|---| ## Note 16: Fees for Examination of the Accounts Fee for Independent Examination £540 ## Note 17: Staff Costs |Salaries
Employers NI
Pension Auto-Enrolment Contributions
Total Cost
Number of Employees
Number of Full Time Equivalent Employees|**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
134,268
98,793
0
0
1,169
858| |---|---| ||135,437
99,651| ||20
16
5.4
3.7| There were no employees in the year with emoluments above £60,000 22 ## Note 18: Related Party Transactions Payments in the year totalling £11,703 for staff and volunteer training, consulting, and conference speaker fees were paid to Betsy de Thierry Ltd, a limited company of which Mrs Elizabeth de Thierry is a director. These payments are permitted within the charity's governing document and all conditions outlined in the governing document were met. This amount includes a balance of £4,213 in prepayments (see note 10). Rental payments for the use of Freedom House, totalling £4,801, were paid to Sound Church Ltd, a charity of which Mrs Elizabeth de Thierry is a trustee. Trauma Recovery Centre also received £14,400 from Sound Church Ltd, as a gift in kind for rental of Freedom House, as well as further donations totalling £13,920 throughout the year. ## Note 19: Taxation No taxation charges have arisen for the charity in the year. Note 20: Reconciliation of net income/(expenditure) to net cash flow from operating activities |**Net income/(expenditure) for the reporting period**(as
per the statement of financial activities)
**Adjustments for:**
Depreciation Charges
(increase)/decrease in debtors
Increase/(decrease)in creditors
**Net cash provided by (used in) operating activities**
Note 21: Analysis of cash and cash equivalents
Bank and cash balances|**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
72,684
12,741
268
391
(12,874)
(4,644)
9,293
152| |---|---| ||69,371
8,640| ||**Total for FY**
**ending 31st**
**March 2024**
**Total for FY**
**ending 31st**
**March 2023**
91,522
22,501| 23 ## Note 22: Accounting Policies ## **Basis of accounting** The financial statements are to be prepared under the historical cost convention and in accordance with applicable accounting standards. They should follow the recommendations in the 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 1st January 2015). ## **Incoming resources** Incoming resources are to be included in the Statement of Financial Activities when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability. Incoming resources should all be reported gross, and the Statement of Financial Activities should recognise all incoming resources becoming available to the charitable company during the year. The value of services provided by volunteers is not to be included in the financial statements. Donated services and facilities are to be included at the value to the charity where this can be quantified. Incoming resources from charitable activities are to be accounted for when earned. Legacy income is to be accounted for on a receivable basis. A legacy is considered receivable for the period only once the amount is known with certainty. Income from grants is recognised where there is evidence of entitlement to the grant, receipt is probable and its amount can be measured reliably. Some grants will contain certain terms and conditions that must be met before the charity has entitlement to the resource. In these cases the income will not be recognised until all the terms and conditions have been met. ## **Fund accounting** Restricted funds are funds subject to specific conditions imposed by the funders and relate to specific projects. Expenditure which meets these criteria is to be charged to the funds. Unrestricted funds comprise accumulated surpluses and deficits on general funds and are available for use at the discretion of the trustees in furtherance of the object of the charitable company. 24 Unrestricted funds should include a capital reserve representing the fixed assets. Interest earned on restricted income is not to be applied to the restricted fund unless specifically requested by the donor. Such interest will be treated as unrestricted income. ## **Resources expended** Liabilities are to be recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Resources expended are to be shown gross and accruals are to be included in creditors for all known liabilities relating to the year. Cost of generating funds costs relate to the costs incurred by the charitable company in inducing others to make voluntary contributions to it and the costs for fund raising. Governance costs of the charitable company comprise of costs of the management of its assets and compliance with constitutional and statutory requirements and include fees and costs linked to the strategic management of the charity. ## **Fixed assets** Depreciation is to be provided on all tangible fixed assets bought in the UK costing more than £500 at rates calculated to write off the cost of each asset over its expected useful life. 25 TRCF I reporton the accounts ofthe comphny for the year ended 31 March 2024. whlth are set out on pages 12 to 23. The tnjstees (w￿) a￿ also the directcffs ofthe compaw forthe purposesofcompany law? are re$￿7n$1bIe forthe weparatlon olthe acumnts. The trustescon$iderthat an audll is not required forthls year undei sectkjn 144(21 of the Charitie5Att 2011 (the 2011 Ad) and th* an independent emamltwtlm is needed. Havlng sat15fied myselfthat ihe charltyls not subject to audlt undereompamy law and Is eliglble for independent examination, it ts my responsilxltyto: examine the accounts under seLtlon 145 of the 2011 Act; to hllow the procedures la¥1 down in thegeneral Directior)5 gfven by the Cknty Commlssh)n under section 14951{b) of t￿ 2011 Art: and to state wPth particular mattershave come to my attentk Baslsothidependent examlnerfs rewt My examination was carrfed out in accordarKe wlth the generdl DreCth)nsw￿ ￿ the Charlty Commission. An examination wKludes a reviewoftr* records kept ￿ the £harity and a comparison of the *¢ounts pr￿eThIed with those reconk tt also Includes conslderatlon of any un¢Jsual items or disclosures in the aCCOWits. and seeklng exrAanatk)ns from you a5 In￿te¢S conwning aty such matttts. The prc*edurÈs undertakeT* dts not Pfovlde ai the evidencethat would be required In ￿ autht and corwuentty nD o￿lon Is Blven asto w￿ther the accounts present a and w)d the reporti5 Ilmlted to t￿￿e matterssetout kn the statement t*low. In conr*ctloTh with my examinatknn. no matitrhas corneto my attentlon: (l) whth gi￿5 tne rn¥5￿èble cause to that in any matertal w the requirements.. to keep accounting records ID a¢rwdan¢eT•Ath seEtxJn 386 of the Companies Act 2005.. and atcounting requir￿t01sertm)n 396ofthe Companie5 Act 2fX)6 and wlth the metltt)ds and prin￿leS ofthe Sts ofRecoMMen(￿d Prtice.. knuntiry and Reportin8 by Chartties have 121 to whlch, in my oplnl(m. and1￿ ofthe dMYnin onlef tO¢￿bIe a proper to be rea¢ MarkGarfett FCA tharteredAcwLmtant ark rettT8x and 23 Leafie ntsnry Ltd. ate. Cor5hm WlltsNre. SN13 9RS