2023-03-31-accounts - Recovery Connections

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Administrative	Details
Report ofthe	Trustees		2to 7
Report ofthe	Independent	Auditors	8to IB
Statement of	Financial Activities
Consolidated	Balance Sheet
Company Balance Sheet			13
Cash Flow Statement			14
Notes to the Accounts			15to 27

06545431
1147748
112-114Marten Road
Middlesbrough
United Kingdom
TSI 2DY
Ruth Hicks - Chairperson
Margaret Philips - resigned			I	islay 2022
Daniel Galloway
Bridget Holmstrom - resigned					I May 2022
Georgios Antonopoulos	—resigned IJune 2023
David Barras
Nick Wallls —resigned	28August 2023
Vaierie Hearn —appointed		I	May 2022, resigned 4April 2023
Rachel Burke —appointed		'I	May 2022
William McGovern —appointed					1 April 2022, resigned	1July
2023
Matthew Bower —appointed				31 October 2023
Dr David Patton —ap pointed				1June 2023
Sophie Turton —appointed		1January 2023
Dorothy Smith
National Westminster	Bank		Pic
106Linthorpe Road
Middlesbrough
United Kingdom
TS1 2JX
Anderson Barrowcliff LLP
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS183EX

		~unr tncte	~Restri d			~Res ri d
		?unde	Eubdf		Euedt		Tetd
	toke	922	?0?gf		~022	?072 E
Incoine
Donations 8 legacies	2	21,769		21,769	23,449		23,449
Charitable activities	3	75,746	2.131,244	2,206,990	43,587	1,812,159	1,855,746
Other trading activities	4	103.537		103,537	150,174		150,174
Investment income	5	117		117	2,209		2,209
Totallncome		201.169	2,131,244	2.332,413	219,419	1.812,159	2,031,578
Expenditure:
Raising funds	6	210,631		210,631	290,131		290,131
Chantable activities	7	244,616	1.793,823	2,038,439	2'I3,258	1,219,974	1,433,232
Totalresources expended		455,247	1,793,823	2.249.070	503,389	1,219.974	1,723,363
Net(outgoing)/incoming
Resources before transfers		(254,078)	337,421	83,343	(283,970)	592,185	308,215
Gross transfers between
funds	20	304,583	(304,583)		132,455	(132,455)
Net movement in funds		50,505	32.838	83,343	(151,515)	459.730	308,215
Funds brought forward
'I April2022		119,376	852,834	972,210	270,891	393,104	663,995
Funds carried forward
31 March 2023	20	169,881	885,672	'l,055,553	119,376	852,834	972,210

				2023	2022
			6	6	6
Fixed Assets
Tangible assets		12				81,932
Current Assets
Stocks		14	1,082		952
Debtors		15	391,701		308,937
Cash at bank 8, in hand			805,670		995,568
			1,198,453		1,305,457
Creditors: Amounts	falling due within one year	16	(191,991)		(390.756)
Net Current Assets				1,006,462		914,701
Total assets less current liabilities				1,076,825		996,633
Creditors: Amounts	falling due after more than
one year		17		(21.272)		(24,423)
NetAssets				1,055,553		972,210
Income Funds
Restricted funds		20		885,672		852,834
Uni estricted funds		20		169,881		119,376
				1',055,553		972,210

				f	2023 8	6	2022 6
Fixed Assets
Tangible assets			12		13.758		14,392
Investments			13		1		1
CurrentAssets					13,760		14,393
Debtors			15	384,846		476,005
Cash at bank	& in hand			801.047		987,270
				1.185,893		'l,463,275
Creditors: Amounts		falling due within one year	16	(172.238)		(343,032)
Net Current	Assets				1,013,655		1.120.243
Total assets	less current liabilities				1,027,415		1,134,636
Income Funds
Restricted funds			20		885,672		652,634
Unrestricted	funds		20		141,743		281,802
					1,027,415		1,134,636

							2023		2022
						otes	F		E
Cash flows from operating activities
Cash generated from		operations				25		(175,168)		494,053
Investing	activities
Purchase	oftangible	fixed	assets			12	(11,687)		(59,690)
								(11,687)		(59,690)
Financing	activities
Loan repayments							(3,043)		(2,534)
Net cash	generated	from/(used		in) financing
activities								(3,043)		(2,534)
Net increase in cash		and	cash	equivalents				(189,898)		431,829
Cash and	cash equivalents		at beginning		ofyear			995,568		563,739
Cash and	cash equivalents		at end of		year			805,670		995,568

2	DONATIONS AN	D LEGACIES
					Unrestricted	Unrestricted
					funds	funds
					2023	2022
						E
	Donations and gIIts				6,769	8,449
	Ballinger Grant				15,000	15,000
					21,769	23449
3	INCONIE FROM	CHARITABLE ACTIVITIES
			Unrestricted	Restricted
			Funds	Funds	Total	Total
			2023	2023	2023	2022
			6	E	6	f
	Supported housing			64,678	64,678	72,600
	Recovety service			1,388,109	1,388,109	1,230,890
	project Adder Housing project			142,000	142.000	143,062
	jobs, Friends, Houses					173,485
	IPSemployment	services		321,319	321,319	97,512
	Other grants		75,746	179,138	254,884	138,197
	Telephone support line			36,000	36,000
			75,746	2,131,244	2,206.990	1,855,746
4	OTHER TRADING ACTIVITIES
					Unrestricted	Unrestricted
					Funds	Funds
					2023	2022
					E	E
	Income from trading subsidiaty				103,537	'I50,174
	Income above is	broken down as follows;
					2023	2022
					6	6
	Sales ofgoods and services				95,898	105,577
	Covid grants					39,747
	Capital grant released				4,890	4,462
	Kickstart program				2,209
	Othersundry donations				540	368
					'I.03,537	150,174
5	INVESTMENT INCOME
					Unrestricted	Unrestricted
					funds	Funds
					2023	2022
					F.	E
	~ank interest received				117	2,209
					117	2,209

						Unrestricted Unrestricted	Unrestricted Unrestricted	Unrestricted Unrestricted
						Funds		Funds
						2023		2022
								f
ICRtEQBJdB5
Staffcosts						103,839 169,583
Direct and		other support costs				106,792 120,548
						210,631 290,131
Trading costs						210,631 290,131
EXPENDITURE ON CHARITABLE			ACTIVITIES
				~Rt c ed			~steer
			ES064	Bulrh		~F ~	Funds	T~I
			8088f	2023 6		2022f	~202 f	~02f
Direct costs
Staifcosts			71,751	1,326,096	1,397,847	9,938	828,255	838,193
Staff and volunteer		travel	3,867	26,206	30.073	1,641	10,889	'I2,530
Service user	costs		1,999	41,075	43,074		30,734	31,359
Allotment costs				4.677	4,677	3,548	1,766	5,314
Event costs			6,014	3.161	9,175	1.236	555	1,791
Vehicle costs				3,529	3,529		3,877	3,877
Publicity			2,791	11,340	14.131	6,017	11,645	17,662
Consultancy			2,175	3,474	5,649	2,181	66,595	68,776
Programme	and licence		819	7987	8,106	'I,431	6,548	7,979
I-lealthcare and monitoring			638	6,181	6,819	1,864	1,245	3,109
Totals			90,054	'I,433.026	1.523.080	28,481	962,109	990.590
Sltpport costs
Staff costs			125,408	118,739	244,147	112,125	116,001	228,'l26
Depreciation				8,377	8,377	8,823		8,823
Computer running		costs	R370	17,777	20,147	2,729	22,918	25,647
Cleaning and	sundry expenses		5,258	47,474	52.732	9,770	7,357	17,127
DBScheck			139	2,399	2,538	1,568	816	2,384
Insurance			2,319	17,165	19,484	5,074	9,929	15,003
Training			566	40,026	40,592	746	31,437	32,183
Light 8,heat				15,320	15,320	3,599	14,326	'I7,925
Telephone				6,157	8,016	985	4,190	5,175
PPS				3,823	4.355	1,390	2,078	3,468
Repairs				3,246	3,246	1,426	3,807	5,233
Recruitment	costs			1,351	1.351	71	1,265	1,336
Rent 8 rates				56,300	56,300	517	43, 'I 80	43,697
Bank charges			792	98	890	312	61	373
Irrecoverable	VAT		19,576		19.S76	13,028		13,028
Overhead recharge			(22,545)
Governance	costs		18,288		18,288	22,614		23,'l14
			154,562	360.797	515,359	184,777	257,865	442,642
			244,616	1.793,823	2,038.439	213,258	1,219974	1,433,232

GOVENAN	CE COSTS
			~unr	1st	geesri		ri	ed	~re
					Eettda				foot(a		T~oa I
					2028 6				~02 E		2022f
Accountancy				7,558		7,558	9,652				9,652
Audit				10,000		10.000	12,000				12,000
Legalfees				730		730	962		500		1,462
				18,288		18,288	22,614				23,114
NET INCOME FOR THE		YEAR
								2023		2022
This is stated after charging:-								8		E
Depreciation								23,256	21,117
Auditors'	remuneration	—for audit						10,000	12,000
		—for	accountancy					2.500	12,702

EMPLOYEES
			2023	2022
			Number	Number
The average monthly	number ofemployees	dunng the year was	75	66
Employment costs			2023	2022f
Wages and salaries			1,585,282	1,109,'I 98
Social security costs			126,505	85,417
Other pension costs			27,937	20,269
			'1,739.724	'l,214,884

			2023	2022
			number	Number
f60,000	tof70,000	p.a.

o	o	estotheAccount	fo	eyear	End 31M	ar h
12 TANGIBLE FIXEDASSETS
CONSOLIDATED		Imprrem~ns	~Plan ~Eui m nt		~ltul' ~ittin	Q(858 ~Eui t
					E
Cost
At 1 April 2022		31,944	17.297		92,620	59.731		250.827
Additions				3,943		7,744		11,687
Disposals					(54,275)	(34,129)		(88,404)
At 31 March 2023		31,944	21,240		38.345	33,346	49.235	174,110
Depreciation and impairment
At 1 April 2022		3,971	11,140		78,808	53,508	21.468	168,895
Depreciation charged	in year	3,354		2,832	5,665	4.605	6,800	23,256
Eliminated on disposal					(54,275)	(34.129)	-	(88,404)
At 31 March 2023		7,325	13,972		30,198	23,984	28,268	103,747
Carrying amount
At31 March 2023		24,619		Ts268	8,147	9,362	20,967	70,363
At 31 March 2022		27,973		6.157	13,812	6,223	27,767	81,932
		~teaseh d Lmmrro~vaMnta	JPPtk ~fi men		re FltllFS	QEsa mssneenntt	~MU r )Isblsha
					5		E
Cost
At 1 April 2022				8,034	85.337	57,822	15,235	167,489
Additions						7,744		7,744
Disposals					(54,275)	(34,129)		(88,404)
At 31 March 2023		1,061	8,034		31,062	31,437	15,235	86,829
Depreciation and impairment
At 1 April 2022		85	7,778		76,937	53.062	15.235	153,097
Depreciation charged	in year	265		256	3,845	4,011		8,377
Eliminated on disposal					(54,275)	(34.129)		(88,404)
At 31 March 2023			8,034		26,507		15.235	73.070
Carrying amount
At 31 March 2023		711			4,555	IL493		13,759
At 31 March 2022		976		256	8,400	4,760		14,392

		Registered	Nature of	Business	Class of	56Held
Name of	Undertaking	Office			Shares held	Direct/indirect
Recoveiy	Connections	UK	Restaurants,	event space and		100.00
Enterprise	Limited		florist

Connections Limited. A summary of the results ofthe subsidiary a	re shown below:-
	2023	2022
	E	5
Turnover	148,789	123,039
Cost ofsales	(141,285)	(191,604)
Gross profit/{loss)	7,504	(68,565)
Administrative expenses	(68.663)	(97,956)
Other operating income	7,639	44,597
interest payable and similar expenses	(683)	(571)
(Loss)/Profit for the financial year	(54,203)	(122,495)
The aggregate ofthe assets, liabilities and funds wasp
Assets	73,700	84,258
Liabilities	(269,056)	(222,260)
Non-current liabilities	(21,272)	(24,423)
	(216,628)	(162,425)
Called up share capital	1	1
Profit &loss reserves	(216,629)	(162,426)
	(216,628)	(162,425)
STOCKS
CONSOLIDATED	2023	2022
	E	E
Finished goods and goods for resale	1,082	952
CHARITY		2022
		E
Finished goods and goods for resale

CONSOLIDATED	CONSOLIDATED				2023	2022
					E
Amounts falling due		within	oneyear:
Trade debtors					303,848	246,167
Other debtors					22,549	23,112
Prepayments	and accured income				65.304	39,658
					391,701	308,937
CHARITY
Amounts falling due		within	one yean
Trade debtors					299,699	242,964
Amounts owed by subsidiary			undertakings			174,535
Other debtors					22,518	22,500
Prepayment and accured income					62,629	36,006
					384,846	476,005
CREDITORS:Amounts		falling	due within one year:
						2022
CONSOLIDATED						E
Bankloans				18	3,151	3,043
Other taxation	and social security				40,603	43,863
Deferred income				19	89.058	276.870
Trade creditors					28,266	35,047
Other creditors					7,514	6,395
Accruals					23,399	25,538
					191,991	390,756
						2022
CHARI1Y						E
Other taxation	and social security				46,139	35,749
Deferred income				19	73.982	256,904
Trade creditors					26,042	27,563
Other creditors					6,856	4,053
Accruals					20,219	18,763
						343,032
CREDITORS:Amounts		falling	due after more than one year:
CONSOLIDATED
Bankloans				I8	21,272	24,423

				~ovem .niin Furab	~ovem .niin Furab
CONSOLIDATED				~lncomin	~Rur es
				resources	~ex ended		2~02
			E	E		E	E
Recovery Service	(MBC)		122,104	562,045	(467,911)	(153,288)	62,950
Universal Grant(MBC)			88,223	133,400	(92,481)	(13,340)	115,802
Recovery Service	(CGL Gateshead)		106,694	306,586	(301,874)	(31,776)	79,630
Recovery Service	(Sunderland)		36,260	213,917	(I84,411)	(17,966)	47,800
Recovery Service	(Stockton)		85,851	165,337	(146,102)	(17,054)	88,032
Other grants			96,217	110,086	(110,678)	(8,922)	86,703
ProjectAdder Housing Project(iMBC}			259,152	142,000	(143,362)	(14,200)	243,590
IPSemployment	services	(M BC)	58,333	132,160	(93,189)	(12,015)	BS,289
Telephone Support Line		(MBC}		36,000	(29,537)		6,463
~oxing Gym (MBCI				15,000	(664}		14,336
lPSemployment	services	(Sunda rland)		51,540	(43,117}	(6533)	'1„890
Changing Futures	(Sunderland)			87,936	(76,006}	(7,994)	3,936
1PSemployment	services	(Stockton}		99,413	(46,033)	(9,941)	43,439
Recovery Service	(Darlington)			37,617	(31,997}	(3,762)	1,858
IPSemployment	services	(Darlington)		38,207	(26,461)	(7,792)
			852,834	2,131,244	(1,793,823)	(304,583)	885,672
Unrestricted Funds			281,802	97,632	(244,616)	251,692	386,510
Trading subsidiary			(162,426)	103,537	(210,631)	52,891	(216,629)
			972,210	2,332,413	(2,249,070)		1,055,553

					~Mmao00gliada
CONSOLIDATED				Incoming	Resources	T~ran fers
				Efyoarrces	~ex end		2()gk
			6	6	6	E
Recovery Service	(MBC)		27,428	449,513	(387,841)	(33,761)	55,339
Universal Grant	(MBC)			133,400	(45,177)		88,223
Recovery Service	(CGL	Gateshead)	39,826	309,153	(214,169)	(28,116)	106,694
Recovery Service	(Sunderland)			122,498	(74,097)	(12,141}	36,260
Recovery Service	(Stockton)		20,241	216,326	(129,180)	(21,536}	85,851
Other grants			165,038	94,610	('l20,874)	(30,910)	107,864
Supported Housing (Residential
Rehabilitation)			50,571	72,600	(68,053)		55,118
Project Adder Housing		Project (MBC}	90,000	143,062	(69,183)	(3,775)	160,'I04
Jobs, Friends, Houses(MBC)				173,485	(74,437)
IPSemployment	services(MBC}			97,512	(36,963)	(2,216)	58,333
			393,104	1,812,159	(1,2'l9,974)	(132,455)	852,834
Unrestricted Funds			3'I0,822	69,245	(213,258)	1'l4,993	281,802
Trading subsidiary			(39,93'I}	150,174	(290,131)	17,462	(162,426)
			663,995	2,031,578	(1,723,363)		972,210

	~ur tricted	geestri		~unr	r' d	geatdtted
	Eanda	~end	Xsttai		Baidt	Funda	Icaa(
	2028	2628	2023		2922	2022	2022
	E		E		E	E	E
Fund balances at 31 March	2023are represented	by:
Tangible assets	70,363		70,363		81,932		81,932
Current assets/(liabilides)	120,790	885,672	1,006,462		61,867	852,834	914,701
Long term liabilities	(21,272)	~	(21,272)	(24,423)		-	(24,423)
	169,881	885,672	1,055,553	119,376		852,834	972,210

					2022
					f
Within one year Within one to five years				15,000 37~	15,000 52,500
					67,500
RELATED PARTY TRANSACTIONS
Remuneration	ofkey management	personnel
The remuneration	of key management	personnel	is as follows:—

					2023	2022
					E	f
Aggregate compensation					150,065	56,426
Key management	personnel	consisting	ofthe senior leadership	team.
There were no related party		transactions	in the year.
RESULTS OF PARENT
					2023
					E
Total incoming	resources				2,228,876
rfet movement	in funds				(107,221)

CASH GENE	RAT	ED	FRO	M OPERATIONS
							2022
Surplus/(deficit)		for	the	year			308,215
Adjustments	for:
Depreciation	of	tangible		fixed assets		23,236	21,117
Movements	in working			capital:
(increase)/decrease			in stocks			(130)	891
(Increase)in	debtors					(82.764)	(95,061)
Increase/(decrease)			in creditors			(201,916)	256,357
Loan repayments						3,043	2,S34
Cash generated		from operations				(175,168)	494,053
ANALYSIS OF CHANGES				IN NET FUNDS
					At 1April 2022	Cash flaws At	31March 2023
					6	6	E
Cash at bank	and	in	hand		995.568	(189,898)	805,670
Loans falling	due	within		one year	(3,043)	(I08)	(3,15'I)
Loans falling	due	after more than one year			(24,423)	3,151	(21,272)
					968,102	(186,855)	781,247