REGISTERED COMPANY NUMBER: 07711231 (England and Wales) REGISTERED CHARITY NUMBER: 1147534
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
FOR
YOU RAISE ME UP LIMITED
Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW
YOU RAISE ME UP LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
YOU RAISE ME UP LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 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 July 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07711231 (England and Wales)
Registered Charity number
1147534
Registered office
58b High Street Polegate East Sussex BN26 6AD
Trustees
Ms S A Pearce (resigned 22.4.25) Ms A Field F Brooks (appointed 22.4.25) Ms J Brooks (appointed 22.4.25)
Independent Examiner
Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW
Approved by order of the board of trustees on 30 April 2025 and signed on its behalf by:
Ms A Field - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOU RAISE ME UP LIMITED
Independent examiner's report to the trustees of You Raise Me Up Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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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.
Peter D Hill FCA
Dominic Hill Associates Limited Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW
30 April 2025
Page 2
YOU RAISE ME UP LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 93,276 Charitable activities Charity 2,000 Other trading activities 2 28,484 Other income 87,214 Total 210,974 EXPENDITURE ON Charitable activities Charity 106,196 Other 138,372 Total 244,568 NET INCOME/(EXPENDITURE) (33,594) RECONCILIATION OF FUNDS Total funds brought forward 42,526 TOTAL FUNDS CARRIED FORWARD 8,932 |
Restricted funds £ - 83,599 - - 83,599 67,852 - 67,852 15,747 11,487 27,234 |
2024 Total funds £ 93,276 85,599 28,484 87,214 294,573 174,048 138,372 312,420 (17,847) 54,013 36,166 |
2023 Total funds £ 107,644 181,834 15,636 82,266 387,380 271,996 126,558 398,554 (11,174) 65,187 54,013 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
YOU RAISE ME UP LIMITED
BALANCE SHEET 31 JULY 2024
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 7 5,736 - CURRENT ASSETS Debtors 8 750 - Cash at bank and in hand 4,695 27,234 5,445 27,234 CREDITORS Amounts falling due within one year 9 (2,249) - NET CURRENT ASSETS 3,196 27,234 TOTAL ASSETS LESS CURRENT LIABILITIES 8,932 27,234 NET ASSETS 8,932 27,234 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 5,736 750 31,929 32,679 (2,249) 30,430 36,166 36,166 8,932 27,234 36,166 |
2023 Total funds £ 8,604 - 45,409 45,409 - 45,409 54,013 54,013 42,526 11,487 54,013 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(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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YOU RAISE ME UP LIMITED
BALANCE SHEET - continued 31 JULY 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 30 April 2025 and were signed on its behalf by:
A Field - Trustee
The notes form part of these financial statements
Page 5
YOU RAISE ME UP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
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YOU RAISE ME UP LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
2. OTHER TRADING ACTIVITIES
| Fundraising events NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2024 £ 28,484 2024 £ 2,868 |
2023 £ 15,636 2023 £ 2,868 |
|---|---|---|
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Average number of staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,644 Charitable activities Charity 76,625 Other trading activities 15,636 Other income 82,266 Total 282,171 EXPENDITURE ON Charitable activities Charity 167,924 Other 126,558 Total 294,482 |
2024 11 Restricted funds £ - 105,209 - - 105,209 104,072 - 104,072 |
2023 12 Total funds £ 107,644 181,834 15,636 82,266 387,380 271,996 126,558 398,554 |
|---|---|---|
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YOU RAISE ME UP LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - | continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| NET INCOME/(EXPENDITURE) | (12,311) | 1,137 | (11,174) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 54,837 | 10,350 | 65,187 | |
| TOTAL FUNDS CARRIED FORWARD | 42,526 | 11,487 | 54,013 | |
| 7. | TANGIBLE FIXED ASSETS | |||
| COST | Plant and machinery £ |
|||
| At 1 August 2023 and 31 July 2024 | 11,472 | |||
| DEPRECIATION | ||||
| At 1 August 2023 | 2,868 | |||
| Charge for year | 2,868 | |||
| At 31 July 2024 | 5,736 | |||
| NET BOOK VALUE | ||||
| At 31 July 2024 | 5,736 | |||
| At 31 July 2023 | 8,604 | |||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Other debtors | 2024 £ 750 |
2023 £ - |
||
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YOU RAISE ME UP LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Other creditors Accrued expenses MOVEMENT IN FUNDS At 1.8.23 £ Unrestricted funds General fund 42,526 Restricted funds Restricted 11,487 TOTAL FUNDS 54,013 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 210,974 Restricted funds Restricted 58,599 National Lottery Grant 25,000 83,599 TOTAL FUNDS 294,573 Comparatives for movement in funds At 1.8.22 £ Unrestricted funds General fund 54,837 Restricted funds Restricted 10,350 TOTAL FUNDS 65,187 |
2024 2023 £ £ (223) - 764 - 1,708 - 2,249 - Net movement At in funds 31.7.24 £ £ (33,594) 8,932 15,747 27,234 (17,847) 36,166 Resources Movement expended in funds £ £ (244,568) (33,594) (42,852) 15,747 (25,000) - (67,852) 15,747 (312,420) (17,847) Net movement At in funds 31.7.23 £ £ (12,311) 42,526 1,137 11,487 (11,174) 54,013 |
|---|---|
10. MOVEMENT IN FUNDS
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YOU RAISE ME UP LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 282,171 Restricted funds Restricted 105,209 TOTAL FUNDS 387,380 A current year 12 months and prior year 12 months combined position is as At 1.8.22 £ Unrestricted funds General fund 54,837 Restricted funds Restricted 10,350 TOTAL FUNDS 65,187 |
Resources Movement expended in funds £ £ (294,482) (12,311) (104,072) 1,137 (398,554) (11,174) follows: Net movement At in funds 31.7.24 £ £ (45,905) 8,932 16,884 27,234 (29,021) 36,166 |
|---|---|
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 Restricted funds Restricted National Lottery Grant TOTAL FUNDS |
Incoming resources £ 493,145 163,808 25,000 188,808 681,953 |
Resources Movement expended in funds £ £ (539,050) (45,905) (146,924) 16,884 (25,000) - (171,924) 16,884 (710,974) (29,021) |
|---|---|---|
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YOU RAISE ME UP LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024.
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YOU RAISE ME UP LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Charitable activities Unrestricted grants Restricted grants Other income Unrestricted funds Total incoming resources EXPENDITURE Charitable activities Counselling Funeral Costs Family activities Helpline Other Wages Social security Pensions Office Rent Training Travel Fundraising events IT costs HR costs Memberships Depreciation of tangible fixed assets Support costs Management Wages Social security Pensions Carried forward |
2024 £ 93,276 28,484 2,000 83,599 85,599 87,214 294,573 21,022 - - 12,660 33,682 84,835 2,478 1,277 24,120 153 1,021 9,809 4,955 2,755 4,101 2,868 138,372 72,983 2,132 1,099 76,214 |
2023 £ 107,644 15,636 76,625 105,209 181,834 82,266 387,380 74,666 4,247 1,715 12,256 92,884 76,871 - - 26,149 1,227 1,065 11,577 2,303 2,582 1,916 2,868 126,558 112,856 - - 112,856 |
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This page does not form part of the statutory financial statements
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YOU RAISE ME UP LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
| Management Brought forward Rates and water Light and heat Advertising Sundries Centre Rent Finance Insurance Postage and stationery Sundries Bank charges Information technology Repairs and renewals Hospitality & Loyalty Other Centre Stock Governance costs Accountancy and legal fees Total resources expended Net expenditure |
2024 £ 76,214 7,069 9,487 1,254 - 10,000 104,024 1,236 1,427 - 389 3,052 8,461 276 8,737 21,147 3,406 312,420 (17,847) |
2023 £ 112,856 6,064 12,749 1,848 395 10,342 144,254 937 1,113 16 383 2,449 8,677 - 8,677 21,709 2,023 398,554 (11,174) |
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This page does not form part of the statutory financial statements
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