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2023-03-31-accounts

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Charity registration number 1146035

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Miss J Jones Mr K Sharp (Appointed 9 August 2022) Mrs F A Joseph Mrs T Rushworth (Appointed 9 August 2022) Mr M J Greig (Appointed 1 December 2022) Mr F Gledhill (Appointed 1 December 2022)

Charity number

Charity number 1146035 Registered and principal office 29 The Lodge Linthwaite Huddersfield HD7 5TG Independent examiner Alison Whalley BA (Hons) FCA Azets Audit Services Ltd Carlton House Grammar School Street Bradford BD1 4NS

Bankers

HSBC UK 2 Cloth House Street Huddersfield West Yorkshire HD1 2ES

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RUDDI'S RETREAT

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 18

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

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 Declaration of Trust, the Charities Act 2011 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).

Objectives and activities

The charitable objects are the relief of sickness and to promote the preservation and protection of health by providing a respite holiday in a specifically adapted caravan(s) for children and families who have life limiting illness or for bereaved families suffering bereavement from the loss of a child, parent or carer.

Ruddi's Retreat is a charity that helps families affected by cancer or life limiting illnesses. We send families on holiday to one of our beautiful caravans situated at the 5 Star Caravan Park at Primrose Valley.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Ruddi’s Retreat have had a very successful year. With the money raised and donated we have been able to offer the respite holidays to a very high standard. We were unsure how things would go since coming back after the pandemic, but again we have gone from strength to strength, and we are doing extremely well and hope to continue this success into 2023/24. We have purchased our 5th Caravan, which is sighted near Blackpool on a Partington’s site, as well as celebrating our 10-year anniversary with a fundraising ball. We had another visit from our Patron, Sarah the Duchess of York who enjoyed visiting our café and judged our Easter egg competition. We were invited to attend the Party at the Palace to celebrate the Queen’s Golden Jubilee as well as attending the Garden Party at Buckingham Palace in recognition of The Queen’s Volunteering award received in 2021. We were very proud to have been invited and attended with pleasure. We ran a very successful Ruddi’s Reindeer campaign, and we not only gave a gift to children who were in hospital over Christmas we were also able to support over 200 local children to ensure that those that are less fortunate also received Christmas gifts. We were also able to donate some presents to Mission Christmas, Cash for Kids and were pleased to welcome Milo and Rosie from Pulse Radio to receive the gifts from us. Two of our Trustee’s took part in Pedal 4 Pounds with Huddersfield Town Foundation on May 19th, 2023 and raised over £18,000.00.

Financial review

The income for the year was £407,811 (2022 £462,782), including income of £ 50,000 on restricted funds. Expenditure amounted to £437,106 (2022 £437,029), including £16,535 restricted. The net expenditure for the year was £29,295 (2022 £25,753 income).

In additions to the restricted fund expenditure is £33,465 which is included in the fixed asset additions.

In terms of going concern, given the positive future cash flows anticipated, the trustees do not consider that there are any uncertainties so significant to cast doubt over the ability of the charity to continue as a going concern.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s 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 while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Using the strict definition of reserves - unrestricted net assets of the charity less the value of fixed assets (i.e., Sums which are not readily realisable), this means that the charity general funds of deficit £155.

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RUDDI'S RETREAT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

The charity is governed by its Declaration of Trust dated 21 February 2012, amended 20 May 2013 and registered as a charity in England and Wales.

The trustees who served during the year and up to the date of signature of the financial statements were: Miss J Jones Mr K Sharp (Appointed 9 August 2022) Mrs F A Joseph Mrs A Binns (removed) (Resigned 5 December 2023) Mrs T Rushworth (Appointed 9 August 2022) Mr M J Greig (Appointed 1 December 2022) Mr F Gledhill (Appointed 1 December 2022)

Trustees are appointed for the skills and experience they bring to the charity. Training is provided if necessary.

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

The decisions of the charity are made by the trustees, with day to day management delegated to the manager.

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

Mrs F A Joseph Trustee

10 January 2024

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RUDDI'S RETREAT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RUDDI'S RETREAT

I report to the trustees on my examination of the financial statements of Ruddi's Retreat (the charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed 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’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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.

Alison Whalley BA (Hons) FCA

Independent Examiner Azets Audit Services Ltd Carlton House Grammar School Street Bradford BD1 4NS

Dated: 10 January 2024

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income and endowments from:
Donations and
legacies
3
90,937
50,000
Other trading
activities
4
266,874
-
Other income
5
-
-
Total income
357,811
50,000
Expenditure on:
Raising funds
6
321,502
-
Charitable activities
7
99,069
16,535
Total expenditure
420,571
16,535
Net (expenditure)/income
for the year/
Net movement in funds
(62,760)
33,465
Fund balances at 1 April
2022
139,769
-
Fund balances at 31
March 2023
77,009
33,465		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
140,937
79,955
86,117
266,874
264,740
-
-
31,970
-
407,811
376,665
86,117
321,502
299,340
-
115,604
51,572
86,117
437,106
350,912
86,117
(29,295)
25,753
-
139,769
114,016
-
110,474
139,769
-		 Total
2022
£
166,072
264,740
31,970
Donations and
legacies
3
Other trading
activities
4
Other income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net (expenditure)/income
for the year/
Net movement in funds
Fund balances at 1 April
2022
Fund balances at 31
March 2023
462,782
299,340
137,689
437,029
25,753
114,016
139,769

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

All income and expenditure derive from continuing activities.

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current (liabilities)/assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds
Designated funds
17
General unrestricted funds		 2023
£
12,908
20,388
33,296
(33,451)
76,909
100		 £
110,629
(155)
110,474
33,465
77,009
110,474		 2022
£
22,059
33,497
55,556
(17,637)
101,850
37,919		 £
101,850
37,919
139,769
-
139,769
139,769

The financial statements were approved by the Trustees on 10 January 2024

Mrs F A Joseph Trustee

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Ruddi's Retreat is a charity registered in Engalnd and Wales on 21 February 2012 and is governed by its declaration of trusted dated 21 February 2012, amended 20 May 2013.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Declaration of Trust, the Charities Act 2011, 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 financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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 the revaluation of freehold properties and 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 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.

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% Straight line Fixtures and fittings 20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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.

1.9 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 amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

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

1.10 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.

1.11 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.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
70,387
5,000
Grants listed below
20,100
45,000
Sponsorship
450
-
90,937
50,000		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
75,387
51,853
500
65,100
27,212
85,617
450
890
-
140,937
79,955
86,117		 Total
2022
£
52,353
112,829
890
166,072

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3
Donations and legacies
Unrestricted
Restricted
funds
funds
2023
2023
£
£
Grants receivable for
core activities
Albert Hunt Trust
5,000
-
HMRC Job Retention
Scheme
-
-
Kirklees Metropolitan
Council
-
-
Arnold Clark
2,000
-
Clothworkers
Foundation
-
20,000
One Community
3,000
-
Sir George Martin
Trust
-
-
The Swire Charitable
Trust
-
-
Zurich Community
Trust
-
-
Miscellaneous grants
-
-
Adamson Trust
-
-
Bruce Wake
Charitable Trust
1,100
-
Delamere Dairy
Foundation
-
-
The Edward Gostling
Foundation
-
-
National Lottery
-
-
Postcode Neighbour
-
-
Screwfix Foundation
-
-
The Denton Charity
Trust
-
-
TSL Kirklees
-
-
West Riding Masonic
Lodge
-
-
Edgar E Lawley
Foundation
1,500
-
Felicity Wilde
Charitable Trust
1,000
-
The Hedley
Foundation
2,000
-
Sir James Roll
Charitable Trust
1,500
-
The Webb Family
3,000
-
Wooden Spoon
-
25,000
20,100
45,000		 (Continued)
Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
5,000
-
-
-
-
7,652
-
7,652
-
10,034
-
10,034
2,000
-
-
-
20,000
-
-
-
3,000
-
3,000
3,000
-
3,000
-
3,000
-
-
19,572
19,572
-
-
22,000
22,000
-
3,526
1,045
4,571
-
-
2,000
2,000
1,100
-
2,500
2,500
-
-
2,000
2,000
-
-
5,000
5,000
-
-
9,800
9,800
-
-
9,700
9,700
-
-
2,500
2,500
-
3,000
-
3,000
-
-
4,500
4,500
-
-
2,000
2,000
1,500
-
-
-
1,000
-
-
-
2,000
-
-
-
1,500
-
-
-
3,000
-
-
25,000
-
-
-
65,100
27,212
85,617
112,829		 (Continued)
Total
Unrestricted
Restricted
Total
funds
funds
2023
2022
2022
2022
£
£
£
£
5,000
-
-
-
-
7,652
-
7,652
-
10,034
-
10,034
2,000
-
-
-
20,000
-
-
-
3,000
-
3,000
3,000
-
3,000
-
3,000
-
-
19,572
19,572
-
-
22,000
22,000
-
3,526
1,045
4,571
-
-
2,000
2,000
1,100
-
2,500
2,500
-
-
2,000
2,000
-
-
5,000
5,000
-
-
9,800
9,800
-
-
9,700
9,700
-
-
2,500
2,500
-
3,000
-
3,000
-
-
4,500
4,500
-
-
2,000
2,000
1,500
-
-
-
1,000
-
-
-
2,000
-
-
-
1,500
-
-
-
3,000
-
-
25,000
-
-
-
65,100
27,212
85,617
112,829
112,829

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

4
5
6		 3
Donations and legacies
(Continued)
Other trading activities
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising events and lotteries
18,343
13,301
Cafe income
237,829
238,270
Private Caravan Hire
10,702
13,169
Other trading activities
266,874
264,740
Other income
Total
Unrestricted
funds
2023
2022
£
£
Sale of caravans not capitalised
-
31,970
Raising funds
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Seeking donations, grants and legacies
1,114
3,018
Other fundraising costs
9,695
3,998
Fundraising and publicity
10,809
7,016
Trading costs
Operating cafe
152,669
160,900
Other trading activities
16,221
2,957
Staff costs
115,216
102,912
Support costs
26,587
25,555
Trading costs
310,693
292,324
321,502
299,340		 3
Donations and legacies
(Continued)
Other trading activities
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising events and lotteries
18,343
13,301
Cafe income
237,829
238,270
Private Caravan Hire
10,702
13,169
Other trading activities
266,874
264,740
Other income
Total
Unrestricted
funds
2023
2022
£
£
Sale of caravans not capitalised
-
31,970
Raising funds
Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Seeking donations, grants and legacies
1,114
3,018
Other fundraising costs
9,695
3,998
Fundraising and publicity
10,809
7,016
Trading costs
Operating cafe
152,669
160,900
Other trading activities
16,221
2,957
Staff costs
115,216
102,912
Support costs
26,587
25,555
Trading costs
310,693
292,324
321,502
299,340
7,016
160,900
2,957
102,912
25,555
292,324
299,340

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6 Raising funds

(Continued)

7 Charitable activities

Caravans
and
holidays
Caravans
and
holidays
2023
2022
£
£
Staff costs
33,520
67,383
Project costs
55,496
44,751
89,016
112,134
Share of support costs (see note 8)
25,488
23,690
Share of governance costs (see note 8)
1,100
1,865
115,604
137,689
Analysis by fund
Unrestricted funds
99,069
51,572
Restricted funds
16,535
86,117
115,604
137,689		 Caravans
and
holidays
Caravans
and
holidays
2023
2022
£
£
Staff costs
33,520
67,383
Project costs
55,496
44,751
89,016
112,134
Share of support costs (see note 8)
25,488
23,690
Share of governance costs (see note 8)
1,100
1,865
115,604
137,689
Analysis by fund
Unrestricted funds
99,069
51,572
Restricted funds
16,535
86,117
115,604
137,689		 Caravans
and
holidays
Caravans
and
holidays
2023
2022
£
£
Staff costs
33,520
67,383
Project costs
55,496
44,751
89,016
112,134
Share of support costs (see note 8)
25,488
23,690
Share of governance costs (see note 8)
1,100
1,865
115,604
137,689
Analysis by fund
Unrestricted funds
99,069
51,572
Restricted funds
16,535
86,117
115,604
137,689
2023
£
33,520
55,496
89,016
25,488
1,100
115,604
99,069
16,535
115,604		 2022
£
67,383
44,751
112,134
23,690
1,865
137,689
51,572
86,117
137,689

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

8 Support costs

Support
costs
Governance
costs
£
£
Depreciation
25,872
-
Premises
14,318
-
Office
6,140
-
Insurance
684
-
Legal and professional
-
-
Bank charges and
interest
2,976
-
Subscriptions and
licences
985
-
Independent examination
-
2,200
Accountancy
-
-
50,975
2,200
Analysed between
Trading
25,487
1,100
Charitable activities
25,488
1,100
50,975
2,200		 2023
Support
costs
Governance
costs
£
£
£
25,872
19,327
-
14,318
15,512
-
6,140
8,219
-
684
124
-
-
908
-
2,976
3,082
-
985
208
-
2,200
-
2,000
-
-
1,730
53,175
47,380
3,730
26,587
23,690
1,865
26,588
23,690
1,865
53,175
47,380
3,730		 2022
£
19,327
15,512
8,219
124
908
3,082
208
2,000
1,730
51,110
25,555
25,555
51,110

Support and governance costs are split equally between the caravan holidays and cafe direct costs.

Governance costs includes payments to the accountants of £2,200 (2022- £2,000) for independent examination fees.

9 Trustees

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

10 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
9 12

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2023
2022
£
£
140,709
161,164
4,587
5,546
3,440
3,585
148,736
170,295		 (Continued)
2023
2022
£
£
140,709
161,164
4,587
5,546
3,440
3,585
148,736
170,295
170,295

There were no employees whose annual remuneration was more than £60,000 (2022 none).

11 Taxation

As a charity the company is exempt from tax on income falling within part II of the Corporation Tax Act 2010 and on gains falling within s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charity.

12 Tangible fixed assets

Plant and
equipment
Fixtures and
fittings
£
£
Cost
At 1 April 2022
75,787
53,931
Additions
33,465
1,186
At 31 March 2023
109,252
55,117
Depreciation and impairment
At 1 April 2022
13,677
14,191
Depreciation charged in the year
15,157
10,715
At 31 March 2023
28,834
24,906
Carrying amount
At 31 March 2023
80,418
30,211
At 31 March 2022
62,110
39,740
13
Debtors
2023
Amounts falling due within one year:
£
Other debtors
11,500
Prepayments and accrued income
1,408
12,908		 Total
£
129,718
34,651
164,369
27,868
25,872
53,740
110,629
101,850
2022
£
17,500
4,559
22,059

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
7,905
18,684
4,500
2,362
33,451		 2022
£
5,472
7,600
2,400
2,165
17,637

15 Retirement benefit schemes

Defined contribution schemes

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.

The charge to profit or loss in respect of defined contribution schemes was £3,440 (2022 - £3,585).

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Incoming Resources Balance at Incoming Resources Transfers Balance at
resources expended 1 April 2022 resources expended 31 March 2023
£ £ £ £ £ £ £
Holidays and
respite care 48,200 (48,200) - - - - -
Holidays and
respite care
due to Covid
19 29,372 (29,372) - - - - -
Equipment 3,045 (3,045) - - - - -
Heating and
air
conditioning 2,000 (2,000) - - - - -
Caravan
cleaning 500 (500) - - - - -
Shop and
office rent 3,000 (3,000) - - - - -
Caravan 5 - - - 50,000 (16,535) (33,465) -
Caravan fixed
assets - - - - - 33,465 33,465
86,117 (86,117) - 50,000 (16,535) - 33,465

The purchase and kitting our of a new caravan was funded by the Clothworkers Foundation, Wooden Spoon and a private donation. The value of the caravan purchased has been transferred to the caravan fixed asset fund and will be reduced each year for depreciation to show the current value of the caravan.

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

16 Restricted funds

(Continued)

Prior year:-

Respite breaks were funded by Zurich, Bruce Wake Charitable trust,Postcode Neighbour, Adamson Trust, Screwfix, Third Sector Kirklees and Edward Gostling

Respite breaks for families affected by Covid 19 were funded by the National Lottery and The Swire Charitable trust.

Equipment was funded by Delamere Dairy Foundation and Huddesfield Common.

The heating and air conditioning unit was purchased with a grant from the West riding Masonic Society. One Community gave a grant for rent.

A grant was received in the prior year from The Foyle Foundation for holidays and respite care.

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Fixed asset fund Transfers
Balance at
1 April 2022
Resources
expended
£
£
£
101,850
101,850
(25,872)
101,850
101,850
(25,872)		 Transfers
Balance at
31 March 2023
£
£
931
76,909
931
76,909		 Transfers
Balance at
31 March 2023
£
£
931
76,909
931
76,909
76,909

A transfer was made in the year to show the additions to the fixed assets.

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

Balance at 31 March 2023 £ - 76,909 100 110,474 Total 2022 £ 101,850 37,919 139,769
Transfers £ - 931 (931) - Restricted funds 2022 £ - - -
Resources expended £ (16,535) (25,872) (394,699) (437,106) Unrestricted funds 2022 £ - 37,919 37,919
Incoming resources £ 50,000 - 357,811 407,811 Total 2023 £ 110,629 (155) 110,474
Balance at 1 April 2022 £ - 101,850 37,919 139,769 Restricted funds 2023 £ 33,465 - 33,465
Transfers - 101,850 (101,850) Designated funds 2023 £ 76,909 - 76,909
Resources expended £ (86,117) - (350,912) (437,029) Unrestricted funds 2023 £ 255 (155) 100
Incoming resources £ 86,117 - 376,665 462,782
Funds Balance at 1 April 2021 £ Restricted funds
-		 Designated funds
-		 General funds
114,016		 114,016 Analysis of net assets between funds Fund balances at 31 March 2023 are represented by: Tangible assets Current assets/(liabilities)
18 19

DocuSign Envelope ID: FD289BB6-1F91-42EF-923C-2B622FFBA8FE

RUDDI'S RETREAT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

20 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2023
£
6,706
7,110
13,816		 2022
£
17,206
12,798
30,004

21 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023 2022
£ £
Aggregate compensation 68,744 67,856