REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR THE ROAD TO RECOVERY TRUST
THE ROAD TO RECOVERY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 23 |
| Detailed Statement of Financial Activities | 24 to 25 |
THE ROAD TO RECOVERY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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 2024. 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
Vision: Thriving in recovery for all affected by addiction.
The Northeast currently faces the highest rate of alcohol-specific deaths in England, which has increased by 22.9% since 2019. Additionally, it holds the highest rates of drug deaths and drug misuse-related deaths (source: ONS). Recognising that addiction extends beyond mere substance use, we understand that individuals face complex needs influenced by their environment, family dynamics, health, finances, hopes, and beliefs. While addressing substance abuse is critical-supporting detox, rehabilitation, and recovery groups-we advocate for a comprehensive approach rooted in Recovery Capital. This approach highlights the importance of peer to peer support in fostering a meaningful lifestyle that sustains recovery. At The Road to Recovery Trust, we are committed to creating a strong, supportive community where individuals can connect, find hope, and thrive in their recovery journey.
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THE ROAD TO RECOVERY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The year 2024 marked a significant transformation for The Road to Recovery Trust. With a new board of trustees in place, we have undertaken a comprehensive overhaul of our governance and established better financial controls. Our headquarters, George Street Social, has been refurbished in collaboration with 'Everyturn,' an organisation dedicated to supporting mental health in the community.
We have continued to provide dozens of weekly 12-Step meetings and host SMART Recovery sessions for our members and others. Strengthening our collaborations with other organisations has been a priority to enhance our collective impact. The new board, has developed a robust strategy, mission, and values that will allow us to measure our success effectively. This strategic framework ensures that every decision aligns with our commitment to the long-term success of our members.
To support this strategy, we engaged with Charity Consultants (Connected Voice), who conducted an organisational strengths review in February 2023. We have progressed from the draft stage of their report to full implementation of their recommendations. Additionally, we have established SMART Goals with Connected Voice and report our progress on a quarterly basis. Our partnership with The Lloyds Foundation also continues to provide valuable guidance.
Financial integrity is a top priority. Following a legacy circumstance (before this board was in charge), we have thoroughly reviewed our financial management and are collaborating with stakeholders to ensure transparency in the flow of both restricted and unrestricted funds. We have already made immediate improvements to our financial control systems.
Adopting Recovery Capital as our recovery methodology, we are working with Professor Dave Best, a global expert in the field, to develop a funding strategy aligned with this approach. In the face of economic uncertainties, we are successfully diversifying our funding sources and aim to build on this momentum in the coming year. We extend our heartfelt gratitude to our funders; their support is vital for the critical services we provide to our members.
We have developed an intranet to improve data storage and access for staff and trustees, enhancing our governance capabilities. Our risk management systems are being reassessed to further embed our core values of transparency, risk management, and financial sustainability.
We have re-opened the coffee shop, and we are excited about the various events planned by our members' events committee.
After reviewing our membership structure, we have simplified the process of becoming a member and clarified the benefits of membership. As of now, we proudly report over 360 members. We are focused on increasing member engagement through events and regular newsletters, with our AGM scheduled for the autumn.
FINANCIAL REVIEW
Reserves policy
Upon the appointment of the new board in January 2024, we discovered the absence of unrestricted funds in the charity's bank account. While initially considering closure, we committed to finding unrestricted funding within two weeks, which we successfully achieved. We are establishing a three-month runway of unrestricted funds to ensure the charity's operations, with plans to extend this period. In line with our Articles of Association.
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THE ROAD TO RECOVERY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Road to Recovery Trust is a company limited by guarantee and not having a share capital, governed by its Memorandum and Articles of Association dated 14 November 2011 with amendments made by special resolution on 28 December 2012. The organisation is also a registered charity with the Charity Commission.
Recruitment and appointment of new trustees
The authority to appoint trustees ultimately lies with the charity's members at the AGM. Between AGMs, the board has the discretion to introduce new trustees as positions become available.
Induction and training of new trustees
Trustees are selected based on their skills relevant to managing the charity effectively. We have implemented induction procedures to ensure new trustees are well-informed about their roles and responsibilities. These procedures include encouraging attendance at relevant internal and external training events to enhance their understanding and effectiveness in their positions.
Conclusion
The newly appointed Board of Trustees, as of January 2024, has initiated a strategic reset of the charity's direction. We are fully committed to fulfilling our responsibilities and ensuring a sustainable and prosperous future for The Road to Recovery Trust.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07847240 (England and Wales)
Registered Charity number
1144882
Registered office
45-51 George Street Newcastle Upon Tyne NE4 7JN
Trustees
Mrs. S A Armstrong (resigned 17/1/2024) Mrs. R Bell (resigned 17/1/2024) Mr. O Bell (resigned 17/1/2024) Mr. A S Cameron (resigned 17/1/2024) Mr. M T Davies (appointed 17/1/2024) Mrs K Sidhu (appointed 18/10/2023) Mr A Hackett (appointed 18/10/2023) Mrs L Tindill (appointed 17/1/2024) Mr G Brewis (appointed 17/1/2024) Mr J Thomson (appointed 17/1/2024) Mr M Tierney (appointed 17/1/2024) Mr S Hutt (appointed 27/3/2024)
Trust manager
Jimmy Dixon
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THE ROAD TO RECOVERY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
Bankers
HSBC Bank plc 110 Grey Street Newcastle upon Tyne NE1 6JG Approved by order of the board of trustees on 28 January 2025 and signed on its behalf by:
Mr. M T Davies - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROAD TO RECOVERY TRUST
Independent examiner's report to the trustees of The Road To Recovery Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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.
Nicholas J Liley, FCA
The Institute of Chartered Accountants in England and Wales
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
29 January 2025
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THE ROAD TO RECOVERY TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 4,409 Charitable activities 5 Grant income 67,000 Other trading activities 3 171 Investment income 4 45,760 Total 117,340 EXPENDITURE ON Raising funds 6 1,308 Charitable activities 7 Staff costs 6,269 Operating expenses 55,580 Legal and professional fees 23,105 Total 86,262 NET INCOME/(EXPENDITURE) 31,078 RECONCILIATION OF FUNDS Total funds brought forward 32,651 TOTAL FUNDS CARRIED FORWARD 63,729 |
Restricted funds £ - 101,964 - - 101,964 153 45,587 49,030 7,820 102,590 (626) 626 - |
2024 Total funds £ 4,409 168,964 171 45,760 219,304 1,461 51,856 104,610 30,925 188,852 30,452 33,277 63,729 |
2023 Total funds £ 2,569 149,288 386 41,062 193,305 1,488 60,844 101,080 24,379 187,791 5,514 27,763 33,277 |
|---|---|---|---|
The notes form part of these financial statements
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THE ROAD TO RECOVERY TRUST
BALANCE SHEET 31 MARCH 2024
| Notes FIXED ASSETS Tangible assets 14 CURRENT ASSETS Stocks 15 Debtors 16 Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS/(LIABILITIES) FUNDS 20 Unrestricted funds: General fund Restricted funds: National Lottery Community Fund - Senior Staff's Wages and Charity Core Costs TOTAL FUNDS |
2024 £ 20,119 50 65,132 32,269 97,451 (53,841) 43,610 63,729 63,729 63,729 - 63,729 |
2023 £ 29,862 50 33,548 29,880 63,478 (60,063) 3,415 33,277 33,277 32,651 626 33,277 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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THE ROAD TO RECOVERY TRUST
BALANCE SHEET - continued 31 MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2025 and were signed on its behalf by:
Mr. M T Davies - Trustee
The notes form part of these financial statements
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. The Trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Costs are allocated to the charity's activities on the basis of fair usage of staff and facilities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost Plant and machinery - 33% on cost Fixtures and fittings - 33% on cost Computer equipment - 33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. DONATIONS AND LEGACIES
| Donations 3. OTHER TRADING ACTIVITIES Café income 4. INVESTMENT INCOME Rental income |
2024 £ 4,409 2024 £ 171 2024 £ 45,760 |
2023 £ 2,569 2023 £ 386 2023 £ 41,062 |
|---|---|---|
continued...
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
5. INCOME FROM CHARITABLE ACTIVITIES
| Activity Grants Grant income Grants received, included in the above, are as follows: National Lottery Community Fund Community Foundation Newcastle City Council Tudor Trust Edward Gostling Foundation Connected Voice Fund The Percy Hedley Foundation The Rothley Trust The Speedomick Foundation Garfield Weston Foundation Sir James Knott Trust The Barbour Foundation The Grocers Charitable Trust The Joicey Trust Elsie Davis Trust Hospital of God Greatham R W Mann Trust The Souter Trust Steel Charitable Trust The Hadrian Trust |
2024 £ 168,964 2024 £ 37,625 - 65,498 27,083 5,500 - - - - 7,778 - 5,000 3,480 2,000 5,000 1,000 1,000 3,000 4,000 1,000 168,964 |
2023 £ 149,288 2023 £ 43,039 11,260 28,919 18,750 5,500 4,000 500 1,000 2,000 20,000 4,800 8,000 1,520 - - - - - - - 149,288 |
|---|---|---|
continued...
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. RAISING FUNDS
Other trading activities
| Purchases Staff costs Catering equipment Catering sundries |
2024 £ 1,461 - - - 1,461 |
2023 £ (188) 1,475 80 121 1,488 |
|---|---|---|
7. CHARITABLE ACTIVITIES COSTS
| Staff costs Operating expenses Legal and professional fees 8. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Agency staff Staff training Cleaning products Financial services Creche costs Therapy costs Project costs Travel and accommodation Equipment repairs Bad debts Room hire costs Meeting room - COS Eating well - food Safe space - food Volunteer expenses Subcontractor Services provided income Services provided payments |
Direct Costs (see note 8) £ 51,856 23,983 - 75,839 |
Support costs (see note 9) £ - 80,627 30,925 111,552 2024 £ 51,826 - 30 4,050 2,310 9,364 5,613 - 136 744 (156) 37 - - - 635 1,250 - - 75,839 |
Totals £ 51,856 104,610 30,925 187,391 2023 £ 60,649 171 24 1,710 8,545 9,072 - (451) 56 1,062 - 397 1 1,176 786 258 - (18,085) 18,085 83,456 |
|---|---|---|---|
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. SUPPORT COSTS
| Governance Management Finance costs £ £ £ Operating expenses 80,617 10 - Legal and professional fees 25,075 - 5,850 105,692 10 5,850 Support costs, included in the above, are as follows: 2024 Legal and Operating professional Total expenses fees activities £ £ £ Rent and rates 41,299 - 41,299 Insurance 833 - 833 Light and heat 14,912 - 14,912 Telephone, printing & postage 690 - 690 Postage and stationery 487 - 487 Sundries 10 - 10 Repairs and maintenance 2,230 - 2,230 Computer costs 6,073 - 6,073 Legal and professional - 2,275 2,275 Memberships and subscriptions 867 - 867 Waste disposal 1,100 - 1,100 Bank charges 258 - 258 Credit card fees - - - Office equipment - - - Advertising and promotional 82 - 82 VAT irrecoverable - - - Bid writer - 22,800 22,800 Depreciation of tangible and heritage assets 11,776 - 11,776 Interest payable and similar charges 10 - 10 Accountancy and bookkeeping - 5,850 5,850 80,627 30,925 111,552 |
Totals £ 80,627 30,925 111,552 2023 Total activities £ 33,870 1,026 6,361 73 258 4,497 6,921 4,124 19,284 1,040 2,095 124 7 285 329 4,883 - 12,575 - 5,095 102,847 |
|---|---|
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Accountancy charges Bookkeeping services Depreciation - owned assets |
2024 £ 1,470 4,380 11,776 |
2023 £ 1,795 3,300 12,575 |
|---|---|---|
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
12. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Other pension costs |
2024 £ 51,826 - 51,826 |
2023 £ 61,422 702 |
| 62,124 |
The charity's key management personnel comprise the Trustees and Senior Personnel. The total employee benefits of the key management personnel were £35,541 (2023 - £26,193).
The average monthly number of employees during the year was as follows:
| Project support coaching staff and admin | 2024 3 |
2023 4 |
|---|---|---|
No employees received emoluments in excess of £60,000.
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,569 - Charitable activities Grant income 16,720 132,568 Other trading activities 386 - Investment income 41,062 - Total 60,737 132,568 EXPENDITURE ON Raising funds 1,488 - Charitable activities Staff costs 2,267 58,577 Operating expenses 13,207 87,873 Legal and professional fees 6,596 17,783 Total 23,558 164,233 NET INCOME/(EXPENDITURE) 37,179 (31,665) Transfers between funds (5,007) 5,007 Net movement in funds 32,172 (26,658) RECONCILIATION OF FUNDS Total funds brought forward 479 27,284 TOTAL FUNDS CARRIED FORWARD 32,651 626 |
Total funds £ 2,569 149,288 386 41,062 193,305 1,488 60,844 101,080 24,379 187,791 5,514 - 5,514 27,763 33,277 |
|---|---|
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 14. | TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|---|
| Improvements | Fixtures | |||||||
| to | Plant and | and | Computer | |||||
| property | machinery | fittings | equipment | Totals | ||||
| £ | £ | £ | £ | £ | ||||
| COST | ||||||||
| At 1 April 2023 | 47,298 | 1,005 | 46,113 | 9,340 | 103,756 | |||
| Additions | - | - | 2,033 | - | 2,033 | |||
| At 31 March 2024 | 47,298 | 1,005 | 48,146 | 9,340 | 105,789 | |||
| DEPRECIATION | ||||||||
| At 1 April 2023 | 32,561 | 771 | 32,245 | 8,317 | 73,894 | |||
| Charge for year | 5,065 | 234 | 5,454 | 1,023 | 11,776 | |||
| At 31 March 2024 | 37,626 | 1,005 | 37,699 | 9,340 | 85,670 | |||
| NET BOOK VALUE | ||||||||
| At 31 March 2024 | 9,672 | - | 10,447 | - | 20,119 | |||
| At 31 March 2023 | 14,737 | 234 | 13,868 | 1,023 | 29,862 | |||
| 15. | STOCKS | |||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Stocks | 50 | 50 | ||||||
| 16. | DEBTORS: AMOUNTS FALLING | DUE | WITHIN ONE | YEAR | ||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Trade debtors | 43,632 | 5,827 | ||||||
| Prepayments and accrued income | 21,500 | 27,721 | ||||||
| 65,132 | 33,548 |
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade creditors Social security and other taxes VAT Other creditors Accruals and deferred income |
2024 £ 25,495 508 3,889 - 23,949 53,841 |
2023 £ 30,940 4,449 1,678 76 22,920 |
| 60,063 |
Included within Accruals and Deferred Income are the following amounts comprising income received in advance of delivery of the related services or expenditure incurred.
| Balance at 1 April 2023 Released to income from charitable activities Amount deferred in year Balance at 31 March 2024 |
£ 21,480 (11,063) 10,222 20,639 |
|---|---|
18. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year | 2024 £ 35,000 |
2023 £ 35,000 |
|---|---|---|
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted funds funds £ £ Fixed assets 20,119 - Current assets 76,812 20,639 Current liabilities (33,202) (20,639) 63,729 - |
2024 Total funds £ 20,119 97,451 (53,841) 63,729 |
2023 Total funds £ 29,862 63,478 (60,063) 33,277 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. MOVEMENT IN FUNDS
| Net movement At 1/4/23 in funds £ £ Unrestricted funds General fund 32,651 41,754 Designated - Cafe - (10,676) 32,651 31,078 Restricted funds National Lottery Community Fund - Senior Staff's Wages and Charity Core Costs 626 (626) TOTAL FUNDS 33,277 30,452 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 117,169 Designated - Cafe 171 117,340 Restricted funds Tudor Trust - The Trust Manager's Salary 27,083 Newcastle City Council Public Health - Creche 15,498 National Lottery Community Fund - Senior Staff's Wages and Charity Core Costs 37,625 Garfield Weston Foundation - Thriving in Recovery Project 7,778 The Edward Gostling Foundation - Thriving in Recovery Project 5,500 The Grocers Charitable Trust - Thriving in Recovery Project 3,480 Steel Charitable Trust-Mindfulness and Wellbeing 4,000 The Hadrian Trust 1,000 101,964 TOTAL FUNDS 219,304 |
Transfers between At funds 31/3/24 £ £ (10,676) 63,729 10,676 - - 63,729 - - - 63,729 Resources Movement expended in funds £ £ (75,415) 41,754 (10,847) (10,676) (86,262) 31,078 (27,083) - (15,498) - (38,251) (626) (7,778) - (5,500) - (3,480) - (4,000) - (1,000) - (102,590) (626) (188,852) 30,452 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net Transfers movement between At 1/4/22 in funds funds £ £ £ Unrestricted funds General fund (5,056) 42,776 (5,069) Designated - Cafe 5,535 (5,597) 62 479 37,179 (5,007) Restricted funds Charity Core 27,284 (27,284) - Tudor Trust - The Trust Manager's Salary - (5,007) 5,007 National Lottery Community Fund - Senior Staff's Wages and Charity Core Costs - 626 - 27,284 (31,665) 5,007 TOTAL FUNDS 27,763 5,514 - |
At 31/3/23 £ 32,651 - 32,651 - - 626 626 33,277 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Cafe Restricted funds Charity Core Tudor Trust - The Trust Manager's Salary Newcastle City Council Public Health - Creche National Lottery Community Fund - Senior Staff's Wages and Charity Core Costs Newcastle City Council - Warm Space Community Foundation-1989 Wilan Trust - Thriving in Recovery Project Garfield Weston Foundation - Thriving in Recovery Project Sir James Knott Trust - Thriving in Recovery Project The Barbour Foundation - Thriving in Recovery Project The Edward Gostling Foundation - Thriving in Recovery Project The Grocers Charitable Trust - Thriving in Recovery Project TOTAL FUNDS |
Incoming resources £ 60,351 386 60,737 - 18,750 20,699 43,039 6,500 8,760 20,000 4,800 8,000 500 1,520 132,568 193,305 |
Resources Movement expended in funds £ £ (17,575) 42,776 (5,983) (5,597) (23,558) 37,179 (27,284) (27,284) (23,757) (5,007) (20,699) - (42,413) 626 (6,500) - (8,760) - (20,000) - (4,800) - (8,000) - (500) - (1,520) - (164,233) (31,665) (187,791) 5,514 |
|---|---|---|
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net Transfers movement between At 1/4/22 in funds funds £ £ £ Unrestricted funds General fund (5,056) 84,530 (15,745) Designated - Cafe 5,535 (16,273) 10,738 479 68,257 (5,007) Restricted funds Tudor Trust - The Trust Manager's Salary - (5,007) 5,007 TOTAL FUNDS 27,763 35,966 - |
At 31/3/24 £ 63,729 - 63,729 - 63,729 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated - Cafe Restricted funds Tudor Trust - The Trust Manager's Salary Newcastle City Council Public Health - Creche National Lottery Community Fund - Senior Staff's Wages and Charity Core Costs Garfield Weston Foundation - Thriving in Recovery Project The Edward Gostling Foundation - Thriving in Recovery Project The Grocers Charitable Trust - Thriving in Recovery Project Steel Charitable Trust-Mindfulness and Wellbeing The Hadrian Trust TOTAL FUNDS |
Incoming resources £ 177,520 557 178,077 45,833 36,197 80,664 27,778 6,000 5,000 4,000 1,000 206,472 412,609 |
Resources Movement expended in funds £ £ (92,990) 84,530 (16,830) (16,273) (109,820) 68,257 (50,840) (5,007) (36,197) - (80,664) - (27,778) - (6,000) - (5,000) - (4,000) - (1,000) - (211,479) (5,007) (376,643) 35,966 |
|---|---|---|
The Tudor Trust
A grant towards The Trust Manager's salary
NCC Public Health - Creche
This grant has been spent on the creche facility at GSS, a decision is pending on continuing funding for 2024/25.
Thriving in recovery
This programme seeks to support vulnerable and isolated individuals in a bid to promote, protect and prevent addiction relapses. It was funded this year by Garfield Weston Foundation, The Edward Gostling Foundation and The Grocer's Charitable Trust.
Mindfulness and Wellbeing
The Mindfulness Wellbeing Programme was funded by Steel Charitable Trust and The Hadrian Trust.
continued...
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THE ROAD TO RECOVERY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
20. MOVEMENT IN FUNDS - continued
Transfers between funds
The fund transfers represent the transfer of restricted funds to unrestricted funds where a portion of the grant funding has been used to purchase fixed assets. Other transfers represent the completion of a project with the transfer of the remaining funds to unrestricted. Transfers from unrestricted are to cover overspends.
21. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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THE ROAD TO RECOVERY TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Café income Investment income Rental income Charitable activities Grants Total incoming resources EXPENDITURE Other trading activities Purchases Wages Catering equipment Catering sundries Charitable activities Wages Pensions Agency staff Staff training Cleaning products Financial services Creche costs Therapy costs Project costs Travel and accommodation Equipment repairs Bad debts Room hire costs Meeting room - COS Eating well - food Carried forward |
2024 £ 4,409 171 45,760 168,964 219,304 1,461 - - - 1,461 51,826 - - 30 4,050 2,310 9,364 5,613 - 136 744 (156) 37 - - 73,954 |
2023 £ 2,569 386 41,062 149,288 193,305 (188) 1,475 80 121 1,488 59,947 702 171 24 1,710 8,545 9,072 - (451) 56 1,062 - 397 1 1,176 82,412 |
|---|---|---|
This page does not form part of the statutory financial statements
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THE ROAD TO RECOVERY TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Charitable activities Brought forward Safe space - food Volunteer expenses Subcontractor Services provided income Services provided payments Support costs Management Rent and rates Insurance Light and heat Telephone, printing & postage Postage and stationery Sundries Repairs and maintenance Computer costs Legal and professional Memberships and subscriptions Waste disposal Bank charges Credit card fees Office equipment Advertising and promotional VAT irrecoverable Bid writer Improvements to property Plant and machinery Fixtures and fittings Computer equipment Finance Interest payable Governance costs Accountancy and bookkeeping Total resources expended Net income |
2024 £ 73,954 - 635 1,250 - - 75,839 41,299 833 14,912 690 487 10 2,230 6,073 2,275 867 1,100 258 - - 82 - 22,800 5,065 234 5,454 1,023 105,692 10 5,850 188,852 30,452 |
2023 £ 82,412 786 258 - (18,085) 18,085 83,456 33,870 1,026 6,361 73 258 4,497 6,921 4,124 19,284 1,040 2,095 124 7 285 329 4,883 - 5,185 233 4,775 2,382 97,752 - 5,095 187,791 5,514 |
|---|---|---|
This page does not form part of the statutory financial statements
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