connections Recovery Connections and Subsidiary Company {Limited by Guarantee) Trustee> Report and Consolidated Financial Statemerhts for the Year Ended 31 March 2024 ANDERSON BARROWCLIFF LIMITED Chartered Ac£ountants Recove Connertion LIMIt￿ b Guaran Finan ials ded 31 March 2024 Page AdministratNe Details Report ofthe Trustees 2to7 Report of the Independeni Audiiors 8tol0 ststemeni of FinarKial ActNities Con9)lidated Balance Sheet 12 Compary Balance Sheet 13 Cash Row Stèiement 14 Note5 to the Account5 15to27 Recove Con and Subsldia Com b Guarantee lan lorthey mi rEn COMPANY REGlSfRATION NUMBEIL. OSS4S431 CHARITY REGISTRATION NUMBER: 1147748 REGISTERED OFFICE= Bedford House 1" Roor 112 Linihorpe Road Middlesbrough United Kingdom T51 2IR TRUSTEES.. Rurh Hicks- Chairperson Dawd Barras Daniel Galloway David Barras Sophie Turton Geory05 Antonop)ulos- re5igfied I lune 2023 Nick Walli5- resigned 28 August 2023 Valerie Heam- resigned 4 April 2023 William McGovern- resi8ne(11 luty 2023 Matthew 8ower- appointed 31 October 2023. resigned 4 August 2024 Dr David Patton- appoint￿ 1 lune 2023. resigneil l Augusi 2024 Amy Dryden- appointed 30 April 2024 CHIEF EXECUTIVE OFFICER- Dorouw Smith BANKERS: National Westminster Bank PIC 106 Linthorpe Road Middlesbrough United Kingdom T512JX AUDITORS: Anderson Barrowcliff Limited Chartered Accountants 3 Kiftgfisher Court Bowesfield Park 5iockton on Tees T518 3EX Page I Recove Connertions d Subsidia Com Limit Re rt of the Tru ar End ludln The Trustees present rheir reportand financial ststemenr5 fortheyearended 31 March 2024. The financi81 staremenrs have been prepared Fn accordance ￿1h the accounting policies sei out in note I 10 the financial statements and cornply wirh the charitys governing documenL the Companies Act 2006 and -Accounting and Reporting by Charitie& Statementof Recotnmended Praaiie applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ofireland IFRS 102lleffertTve 1 January 20191-. OBJEcfivES AND AcfiviTIES As part of a review of the are￿ of deliveryand recipients of the chariW5 obje(tNe& an atnendmentwas rnade in October 2018 by Special re501uiion. Article 4 was replaced with,. To relieve the suffering of indiwduals and families resident in Ihe North of England. who Suffer frorn or are affened by.. - a. Substance misuse- b_ Isolation-. i. Povety. d. UnetnploytnenL e. Offending.. f. Homelessness.. g. Traurna.. h. Men131 health issues.. or i. Related complex needs by providin8 peer-led training. supporL and assistan￿. Provision of Services Reiovery Conneciions offer a range of opportvnitie5 that can help build re(overy capital arKI achieve lasting positive change. The airn of our support is also to offer a range of OPFM)rtunities to develop COfflTnuniLy. build peer neMrks and incorporate Structu￿ and purpose into daily routine. Raisin8 the profileof recoveryand challengiAg stgma is a keyaitn of evewhing we do. Across Middlesbrough. Gateshead. Sundedand. Darlington, Hartlepcx)l and Stockton our day-to-day basis is focussed on helping to build recovery capital within indNiduals ènd within the r￿0Very community- We offer opportunities for people in recovery to help build their peer nemrks and iomrnunity networks and 10 add purpose into their daity routine. We focus ori inLlividual strengths arKI have a'do ￿th,[a[herlhan a'do for approath 10 support We havealso creared alliances ￿th many organisations to further help build opportunitie5 and paihs Into local communities. We achieveourmission through a range of e*idence-ba5ed intervenuonssvpporring over 21XK>peoplewho collectNelyattended 10368 structured groups and attivities. Our core projeas include.. Recovery Support The Recovery Coaching programme help5 indMdva15 rwgaie their way through their own journey of recovery and build recovery capital. CommunltyArtivity Work We offer a range of actmties and PfogramFnes Ihat aim to help people rhrough rheir recovery, these include. byt are not limited to, a Commutlity Garden. Choir. Cooking Swrt5 Actniities. Gender specific 8roups. Yoga and Meditstion. Orientsering and a range of evidence basetj therapeutic P￿￿50[la1 programmes. Employment Advlce We understand thatworking toward5 rnain lifegoals such asemployn*nL trainingor education can bechallengin& and we offer admce and support to prepare Ihe people for Ihe onward steps in their recovery pathway through IPS and Collegiate Recovery. IP5 has supported 93 people into susiainable employment this year. The Ambassador Programme We believe that providing the benefii of In￿d experience and proof rhar abstinence-based recovery is po55ible led u5 to create The Ambassador Progratnme. The ATntk55ador programme is 3n opportunity for anyone in abstinence-based recovery to become part of Ihe contracted and 5UtKoniratted seNces as a Msible recovery r(tJe model. The programme includes a bespoke level 2 OCN accredited qualificèrion Ihèr underpins the role of an Ambassador. Across all projeas. we have trained 34 Ambassa¢ors thisyear. Page 2 Limited b uaran includi Directors Re Ended 31 March 2024 ort Volunteering As members ofthe RecoveryConnecDons team, ourvolunreers8et invo￿0 in manyaspectsof ourwork. Opportunitie5 include supporting the running of actniity and support groups. to suprx)rting our atjmiftistration and reception (eatn5. We strongly believe volunieers add immense value to Recovery Connections and we welcome anyone who aligns kwth ourvalues and wants to make a difference. Most of our voluntrers have acce55ed Recovery Connecrions. and mèny 80 on to become Ambassadors and work for the organisation. Across Ihe region we had 126 volunreers prO￿ding in person and online 5upw)rr conrributing 42S7 hour5 of support provided. We employed 19 people who had completed the Ambassador programme. Wewere re-assessed for Invesiors inVolvnteer5accTedrtaiion whichwe successfulty retaired. Volunieers reguiirty progress into paid employment with Recovery ConnectiOn5. a legacywhich we are incredibty proud of. We commenced the Investors in peop￿ assessment process anLI achieved a Si￿r accreditaiion. Residential Rehab Resideniial rehabilitation available for people ihat wsh to cornplete an inrense 6-month abstinence based prograrnrne. The programme promotes honesty. patience and iolerènce. as well as giving back as 3 solutior* to heal and recover (We also offer a Da1￿ attendance non-residential programmel. Campus R¢co¥ery Support in Tee55ide University. Middlesbrough College and 5underland Unlverslty Recovery should be a reality for young people. and we work to fflobilise li bwihin educational settings. We are leading the way in the development of support for students with addiction5 in education in Tee55ide and have Ireated a pioneering campus recovery programme ai Teesside UnNersity. Middlesbrough College and Sunderland University. In addition to on carnpus supporrwe have developed a UnNer5ity Recovery Friendly CatnPU5 pledge. Recovery Al￿trainIn8 and an online student focussed platform. Trauma Therapy SeTrvlce IFunded byThe National Lottery Community Fund) We employ two specialist staff delwering cross-seNce counsellins Peer-led Trauma supporL eduiation, bereavement groups and resilience programmes. Employee Support Consultan We have developed a model to support organisations be more Infor￿ed around addittK)r* and Ihe impact it can h3ve on employees and the organisation. Wilhin that we have 3150 developed a tnodel ofsupport for employees that will preveni them from putting their employmeni and employer 3t risk. This has been commissioned ty one of Teessides largest providers and once piloted we aim to offer this out to other companie5. Training Building on the Employee5upport packagewe have developed. several CPDaccredited rrainingpackagesareavailableto further our mission in reducing stl8ma associated ￿th adcliction. We have trained 530 Recovery ￿lieS across the region. Page 3 and Sub Limited b Guarant rertors Re h 2024 ACHIEVEMENTS AND PERFORMANCE Collaboration Across 311 four localities we have builL and continue to build. strong connectmty and working relationships with a range of partners from a broad range of sectors. This is a keyelementof ourwork to erwre that rhe people we work with have èccess to a broad range of support. These include, but are limited to. the followin& Physical Wellbeing IPhysical Actmty pr(Mders Domesticviolence Services Advocacyand Welfare Prtsviders Criminallustice partners including Offender Management Team5 and Prison Substance Misuse Teams Health (Primary an(J Secondary Carel- GPS CoTnmunity pharmaiies I Sexual Health services l BBV Treatment and Care services. We a19) aim ro d￿lop closer links with Pritnary Care Netb%VTk5 and our Integrated Care System Housing Providers and Homeless Services Mental Healih Support- Supwrt services IMINDI l Adult and Young Persons Mental Health seTrice5 1 Mental Health Trust.. In-patienuin reach. conrinuing 5UPPOrt on the ward Iprincipalty in Mi¢Sdlesbroughl Ernploymeni and Training- Job Cenire Plus Criminal justice - Probaiion Team joint-progress-working IPolice at every level, including informal daily contatt and shared'street-level, understsndingltrust Iprin£ipalty in Middlesbrough) MutLJal Aid- AlcoholitslNarcoticslCocaine Anonymov& SMART. Soberistas Children's and Adult Social Care School and Education semces Children's 2nd Families SeNices. Carers Serwces (Branches) Youth sennces Veieranslsupport Women's. older peoples and a(kncacy 8roupgseNKes A5 a lived experience reiovery organisaiion ILEROI, ¢he building of community is founLled on principles of tru5L care, empaihy. inclusivity. re5peit and achievemenL Community Teams Volunteers and Ambassadors represent 5uicess and lead by Inied example. Investing in local social enterprises such as Cafes arKI Florisl and projects such as the Free Coffee Community Bike enables people 10 posiinielycontribute and ensures thai we arewisibleand seen asa p05iiive force across the wider community. This is allied 10 a p051tnie service-pecceprion as a trusred parts)er across Health. Menial Hea￿h. Social Care and Criminallustiie. We are regarded as a highly innovaiive and agile organisatw)rn our model has attraaed iniere5t frorn academia, and we are regularly inwted to speak ar conferences and events. People in recovery are drawn from all sections of society and mary people that ￿ work wth are (riminal jusrice s￿teM experienced. and are living with mental health conditions. IMn8 Wlth neuro4wer5e ionditions and disabiliiies. We support individuals 10 build their emoiional resilience. ¢￿elop copin8 Strategies and to focu5 on building rheir wellbeing. A key part or our work Is building community and a sense of belonging and purpose- all of which reinforce resilience. A5 Irue partners we have systemattcally builr a sha￿d ￿510n. consnstent Travm&driven under5randing fhas happened ro- nor "is wrDngwith"I, and searnlessty inregraied persorkcentred care.Thi5 ioreworkingdrives the currentservice and already actively embraces wider provision (including Housin& Domesbc Abuse and Welfare Support). A common Care-Mana8emenr-System facilirates shared-working and reduced duplication. supported by formal InforTnaiion-sharing and shared best-practice, proioco15 and uaining (including Risklsafeguardin&)- Whilsr our service and contracts are to delnier'sociafvalue and ouicome& we go beyond this to ensure everything we do as an organisaiion has maximum impact on the wellbeing of the comrnuniiies we serve. Investing and building in the fabric, capacity, ènd resilience of the local community beyond the'contracv in order build community as5er5 that promoie ouicomes and help preventand reduce dependerKyacross all semce Recovery Connertions onty recently engaged with the Inve510is in People Awards. We have been awarded Si￿er Accreditation- which is ontyawarded to 20% of OTganisations as5es5ed by IIP. Page 4 and Lrmrted b Guaran Dirertors R arch 2024 31 Impac¢ feedback "My confidence in myself has improved greètty and has helped my recovery in having the sUPPOrt 10 help wilh interview techniques and gettin8 Potenbal employers ro understand rny situation. I have now passed my driving test and hopefully I have just goi accepiecf for a poieniial job-. "I've enjoyed Co￿1ng 10 Iherapyand I feel like it has helped me to understand some of my Ihoughts and behaviours better and what I need frtstn lifegoing forward-. "I have found IPS very helpful and supportNe. My worker is very understsnding and a very good listener. I feel a5 though rhey have had a massive impact within my recovery. I'mgra(eful of their 5upporL- "Released from Prison roday attended my appointsnent and Recovery (onneaions cooking group. Realty thankful to all staff tothy for the help and support." "I really enjoyed sober social although I was a litde r*rvous w start 7Mth. I have met some arnazing people thank you for InviDng me.. -Recovery Connections saved my life, having sorT*wthe￿ to go vthere sraff know exactly what you are going through is a life 5aveff. Social Enterprise In 2019 Recovery ConnecLions formed another company Recovery Connections Enterprise Ltd, as a wholly owned gubsidiary of the charity. four brands were developed ro delNer on the wsed In1590￿ wsiofL and values. The social businesses are in Middlesbrough arid exi51 prirnarityto.. Offer work experienie. training ènd employment for people WFM) have been disenfranchised and are furthest away From the job market. Provide afforijable hospitslity. floristry. and caterin8 to the Tee55ide cotnmunity. Provide a susiainable business model that reduce5 food waste. carbon footprini arnd conrribures to the Tees Valley Climate Change Strategy Challenge stigma and raise èwareness of re(overythrough high Stre￿ Social businesses. Generate iniome to further deliver the ch3rtty mission_ RCE has an independenr Board of Directors 7Mth board iepTe5entatton from Recovery Connertions, the CEO oversees the operations of both e￿Illies. The inclusion of the social enterprise group of bUs1r￿SSeS will enhance the opportunit￿5 available to beneficiaries. Employment and training opportuniiies are a challenge for people have been away from the job market for lengthy periods. Opportunities to gairi meaningful employment are particularty difficult if you have a criminal record or no work history. We are proud to prowde a programme rhai offers robust employability and experience that ￿510¥elY IMp￿ts self-esteem, confidence and resilience. FINANCIAL REVIEW The charity is entirety reliant on incorne from Middlesbrough Recovering Together. IPS. Change, Grow, LNe subcontract arrangetneni and s￿e￿al charitsble grants. We do noi raise fvnds through publicgiving or fund raising events. Risk Management The board oftru5tee5 recognise rhe signifTcantgroffih ovei rhe pThious ￿￿YearS and wew furthergrowth into new area5. a5 a risk that need5 to be Careful￿ moniiored and supponed. rhe review of organisational ris￿ is rwewed at the board ffleetings and quality assurance & clinical governance meeiings. The Inclusion of a suitabty qualified Finance Manager will provide a robust oversight for Recovery CDnneaion5 and Ihe social enterprise group of businesse Page S Rec and Sub Idia Ctsm Limited b Guarantee Reserves Policy The Trustees aim to maintain free reserves in unie5triaed funds at a level which equates to three rnonihs of unrestricted charitable expenditure which amounts ro £89.(KKI. The tTustee5 Consider (hat Ihis level will provide sufficient fund5 to respond to applicarions for 8rants and ensure that support and 8overnarKe costs are covered. Totsi funds held 3tthe yearend 3mountio £1,121,73512023". E1,055,5531 ofwhich£164,795 is unrestrirted12023_' £169.8811 an £956,940 is restricted12023: £885.672K PLANS FOR FUTURE PERIODS The Trustees also vrish to diversify funding by seeking support for and contr3cts for new seNces in Middlesbrough and further afield based on Recovery Connection's rewtstion for prO￿ding user le£1 recovery 5erwces. 5TRucfuRE. GOVERNANCE AND MANAGEMENT Recovery Connections is a regi51ered charity Ino 114r1481 ènd a limited company Ino 06545431k In 2￿8 the organisaiion was initialtyestablishedasa CIC narrTrecl Hope North Eastbypeople In recovewfrorn drugandloralcohol problemsarKJwas managed by three directors. In 2012 Hope North East was registered a5 a Charity. The Organisat￿ll rebranded an(J changed its name 10 Recovery Connections folloTrMng stakeholder consu￿all0￿ in 2016. The Charity reiains a strong belief in Ihe importance of involving members of the recovering community in the work of the organisation and is cotnmitted to alway5 have 85% of employees with lived e¥perience. The Charity is governed by wen Trustees ￿th relevant profes90nal and INed experie￿. Trustees have powers to appoint furtherTrusrees and do so following advenisementof vacancie& Training and int1uctwJn are offered to newTrustees. TheTrustees meei monthlyand keep the risks ro the Charity under regularreviert. Acomprehenswe report detailingan overview of the organi5ation financialty and operationally is covered aleach board meetyn& The Middlesbrough Recovery & Abstinence contrart required the organisation to be a registered provider ￿th Care Quality Commission. The regulated 2CtIMties and the wider regstration requirements are sei out in the Health and Social Care Act 2008 and its associaied regularions. Following an unannounced inspettion injanuary 2019. a rating of Outstanding was awarded by coc. We 3re Ihe preferred sul>conrractor for Change Grow Live delNering recovery specific interventyons and rehabilitstion programmes in Gateshead. Stockton. and 5underland. We deliver Indiwdual Placemenr 5upportllPSlacross the 5oirth Tes 510ckton. Ha￿epo01, Dadington an¢J 5underland localities. IPS offers person centred support to people accessing ireaiment for drugs & alcohol to return to employment. Key mana8emen¢ Personnel remunera¢lon TheTrustees consider the Board of Trustees and ihe CEO as comprisin8 the kty management personnel of the Charity leading rhe srrate8ic Direction and conirollin8 the charity. The CEO an¢ the Senior ManagementTeam are responsible for running and operating the charityon a day-to-day basis. ￿1 trusrees 8Ne their lime freety and no trustee remuneration was paid in the year. Trustees are required to disch)se all relevant inte￿$t$ and register them with the CEO. they vithdraw frorn any deci510n5 that may presenr a conflict of intsresL Page 6 Recove Connections d Subsidia Com includin Year Ended 31 March 2024 RESPONSIBILITIES OF MEMBERS OF THE BOARD OFTrUSTEES The Trustees (who are also directors of Recovery Conoection5 for Ihe purpose5 of company lawl are responsible for preparing the Report of the Trustees and rhe financial statements in accordance applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounring Practicel Company law requires the Trustees 10 prepare financial sratements for each frnancial year. Under company law the Trustees must not approve the financial siaieTnents unless they are Satisfied Ihar they give 3 true and fair view of the state of affairs of the charitable companyand oftheir incoming resourcesand application ofresources, includingthe income and expenditure, for thai period. In prep£r￿nE these financial s¢atement% the Trusteesare required to= selea 5Ultable accountin8 policies and then apptythem conslslent￿. observe rhe merhods and principles in the Charities SORP IFRS 1021." tnoke judgefflents and accounting estimates that are reasonable and prudent state whether applicable UK Aicountin8 Standards IFRS 1021 have been followed. subjert to any material departure5 disclosed and explained in the financial 5tatements-. prepare the financial statements on the going Co￿eM basis unless li is inappropriaie to presume that the charitable companywill continue in operation. The Trustee5 are responsible for keeping adequate accounting records tN)i are sufficient to show and explain the charitable company5 transactions and disclose wth reasonable accuracy at any time the financial posltion of the charitable iofflpany and enable them to ensure that the financial statements compty with the Companie5 Act 2006. They are a150 responsible for safeguarding the assets of the chariiable company and hence for iakin8 reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS We. the directors of Ihe COTnpany who held office at the date olapproval of these Financial Statements as sei out above. each confirm so far aswe are aware. Ihat.. there is ni) relevant audit informaiion of which ihe companys auditors are unaware., and we have tsken all the slep5 Ihai we ou8ht to have tsken as direciors to make oursefves ayiare of any relevant audit information and to esiabli5h that rhe cofflpanys audiiors are aware of that informatK)n. TRUSTEE STATEMENT In setting our objectwesand planningouraaivitiesiheTrustees have8Nen carefulgui(Janceto the Charitycommission Dn public benefit. The Rewrt ofthe Truste& was approved bythe Board 0fTrUs￿e5 on d sgned on its behalf b￿. I,-Ek Ik"J Trustee- Ruth Hiik5 Pa8e 7 RÈ and Subsidia Com Opinion We have audited the financial statements of Recovery Connettions lthe'pareni chariiable cornpany) and its subsidiary Ithe 'groupl for the year ended 31 March 2024 %•thich comprise Ihe consoli(Jated S(atemen( of Financial Actiwtie5. the group parent charirable cornpany Balance Sheets, the consolidated Cash Aow SiateTnent and Notes to the Financial Staternents. including a surnfflary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United ￿ngdorn Accountin8 5tandard% including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Irelantt (unit￿ Kingdom Generally Accepted Accounting In our opinion the financial starements-.- give a true and fair view of the srate of tr* group and parent dwritable lo[npa￿S affairs a5 at 31 March 2024. and of the group'5 incoming resources and application of resources. including its income and expenditure for the year then ended,. have been property prepared in accordante wih United Kingdom Generally Accepted Accountin8 Prattice, including Financial Reporting Standard 102 Tre Fiaancial Reporting Sièndèrd applicable in Ihe UKand Republic of Ire13nd'; and have been prepared in accordance wilh Ihe reguirefflents of the Companies Act 2006. Basis for optnion We condurted our audit in accordance Intematsonal Statylards on Audiiing (UK) I1￿ IUK)) allLI applicable law. Our responsibilities under Ihose stand3rds are further described in the Autlitorfs resp)nsibilities for the audit of the financial ststement5 section of our reporL We are independent of the Group and Parent charitable compary in accordance with the ethical requiremenr5 rh8[ are relevant ro our audit of the financial statements in the UK Including the FRCS Ethical Standard. and we have fulfilled ourothereihiial resPOn5ibiliiies inaccordancewith theserequirements. We believe ihat theauditewdence we have obtained is sufficieni and appropriate 10 prowde a basi5 for our opinion. Conclusion5 relating to going concern In auditing the financial 5tatetnenLs. we have concluded thai the trusree< use of rhe goin8 concern basis of accounting in the preparaiion of the financial ststetnents 15 appTOPriate. Based on the wrk we have performed. we have fjot identified any rnaterial uncertainties relaiing to events or conditions Ihat, individuallyor collertwety. rnaycasi 5ignifiiani doubionthe group's or Pa￿nI charitsble companys abilitytocontinue as agoing concern for rhe period of ai least tWe￿e months from when the financial stsietnenis are authorised for issue. Our responsibilities and the reswnsibilities of the Irustees iespea to going concern a￿ described irn the relevant sections of this report. Other informatlon The Irustees are responsible forthe other information. The other informarion compTise5 the information included in the Report of Trustees, other than the financial 5ratement5 and our Repon of the Independent AuditOT5 theTeon. Our opinion on the financial statement5 does nor cover Ihe orher informaiion and. exiept to the extenr otherwise explicidy stared in our rerM)rt, we do noi express any form of assurance conclusion thereon. In connection with our avdit of the financial staietnents our ￿spOnSibl1Vty 15 to read the other information and, in doing so, consider whether the other infom)ation is rnaterially inconsistent with the financial 5tèrernent5 or our knowledge obtained in the audii or otherwise appears to be materialty misststed. If we identify 5uih rnaterial inionsi5tencie5 or apparent material misSt8tements, we are required io determine wheiher this gNes r15e to a materièl mi551aietnent ir) Ihe finaniial ststement5 Ihemsefves Ir, based on the work we have Perforr[￿d. we conclude Ihai tr￿le 15 3 maier131 misstatement of rhis other information. We have nothin8 ¢0 report in this regard. Matters on whlch we are required to report by ex￿p￿On We have nothing 10 report in respect of the following matters where the Charities IAccounts and Reports) Regulations 2008 require5 U5 10 repori to you if. in our opinion'.- the information given in rhe Report of the Trustees is inconsisiernt in any material ￿SpeCt Mth the financial ststement% or the charitable company has not kept adequa￿ accounting record& or the financial statements are not in agreement with rhe accounting records and ieiurns-. or we have not received all Lhe information and explanat￿n5 we require for ouraudii. Page 8 rtof Ind and Subsrdia Com Respon$lbllltles of twstees As exploined more fully in the Statement of Tru5teeg Re5wnsibilities. the Trusiee5 I￿￿ are a150 director5 of Ihe charitable cornpany for rhe purposes of£ompanylawl3re responsible forthe preparatKJnofthefinancial ststements and for beingsatisfied Ihattheygive a true and fairwew. and for such internal control as the Tnjstees de￿rMIne is necessaryto enable the preparation of financial statement5 that are free from material missratemenL V4herher dve to fraud or error. In preparing the finan Auditing the risk of management overriLle of controls. incluLling through testing journal entrie5 and other adjustfflents for appropr13teness and evaluating the business rai￿onale of significant transactions outside the rtormal course of business. challen￿n8 estimates and judgements made by management in their signiFicantaccounting estitnate5. Reven(Je recognition-, agreeing a sample of revenue tran5aCtioTrs to gain assurance over the octvrrence and accuracy of revenue and also to ensure revenue has been recognised in the corrert perioLS. Because of the inherent limitations of an audil. there is o risk rhat we 7MII not ¢Jetert all irregularities. iricluding Ih05e leading to a rn3teri31 misstatement in ihe financial staÈements or nonse. To the fullest extent permitted by law. wedo not accept ora55ume responsibilityto anyone other than the charitable comparyand the charitsble companls member5 as a body, for our audit worl for rhis r orL orforthe opinions we have for For & on behalf of Ander50n 8arrowcliff LimTred Statutory Audiiors CharterÈd Accountant5 Eligible to act as an auditor in terms of Seaion 1212 of the CompaniesAtt 21M)6 3 Kingfisher Court Bowesfield Park Siockion on Tee5 TS18 3EX Date.. Iq IL LOL Pagelo Recove and Subsldla Com Limited b Guarantee onn in ac 24 Note Income Donation5 & legacies 1163 3.054353 5.261 3.1￿).128 146.534 991 21,769 75.746 103.537 21,769 2,206,990 103.537 117 45.775 146.534 991 2,131,244 Other trading actThfiiies Invesrment income Total Income 196398 3.056.516 3.251914 201.169 2,131.244 2,332.413 Expenditure- Raising funds 286.315 286.315 210,631 210,631 Charitable attmties 297.371 2.￿3.046 2.*)0.417 244.616 1.793.823 2.038.439 Total resources expended 583.686 1603.046 3.186.732 455.247 1.793.823 2.249.070 Netloutgoing)fincoming Resources before transfers 1387.2881 453.470 66.182 1254.0781 337.421 83.343 Gross tran5fer5 between runds 20 381202 (3812021 304.583 1304.5831 Net rnovement in funds {5.0861 71.268 66.182 .505 32.838 83.343 Funds brought forward 1 April 2023 169.381 885.672 1.055.553 119376 852.834 972.210 Fund5 carried forward 31 March 2024 20 164.795 956.940 1.121.735 169.881 885.672 1.055.553 The notes on page5 15 to 27 form an integral partof these financial staiements Pa8e11 Cornpany No: 06545431 and Subsidia Com an A5At 31 March 20 2024 2023 Flxed Assets Tangible assers 12 575M 70.363 Current Assets Stocks Debtors Cash at bank & in hand 14 1.248 729.766 1,082 391.701 805.670 1.319.602 1.198.453 Creditors.. Amounts falling due ￿[hin one year 16 1237.4011 1191,9911 Net Current Assets 1,082,201 1,IM)6,462 Total assets less Current liabilities 1.139.745 1,076,825 redltor$." Amounts falling due after more than one year 17 118.0101 121.2721 Net Assets 1.121.735 1.055.553 Income Funds Restricted funds Unrestricted funds 20 20 885.672 169.881 164.795 1.121,735 1.055.553 The Tru5rees consider that the compary is entiued to exemption from the requirement to have an audit under ihe provisions of section 477 of the Companies Art 2006 Ilhe"Acn and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the ACL However. an audit is required in accordance with section 151 of the CharitiesAct 2011. The Irusiees acknowledge their responsibilifies for= (al ensuring that the charitable company keeps accounbng re£ords that compty ￿th Sections 386 and 387 of the Companies Act 21K)6 and preparing financial Si3tementswhich givea trveond fairwew of the state of affairs of the charitable CO￿panYa5 at the end of each financial year and of its surplu5 or deficit for each fIr￿n(la1 year in accordance with the requiiements of Sections 394 and 395 and which otheTh￿se compty with the requirements of the Companies Act 2tK16 relating to financial statements, so foras applicable to the charitsble company. These accounts have been prepared in accordan(e with the special prow90n in Part 15 of the Companies Act 2006 relating to smoll companies. II.IZ.7-Lt The financial sratsments were approved by ¢heTrustees on..._._..... nd signed on their behalf ty. Ruth Hicks Trustee The noies on pages 15 to 27 form an integral part of these finarKial staiements Page12 Company No: 06545431 Con and Subsidia Com Charl arch 2024 ARI 2024 2023 No Fixed Assets Tangible a55ets Invesiments 12 13 12.997 13,759 11998 13.760 Current Assets Debtors Cèsh at bank & in hand 738.582 579.942 384.846 801,047 1.318324 1.185,893 Creditors-. Amounts falling due wthin oneyear 16 I2￿).648) 1172.2381 Ne¢ Current Assets 1.117.876 1.013.655 Total assets less current liabillttes 1.130.874 1.027.415 Incorne Funds Restritted funds Unrestricted funds 20 20 956.940 173.934 885.672 141,743 1.130.874 1,027,415 TheTrustees considerthat the compary i5entitled to exemptyon from the reqUi￿￿entl0 have an audit underihe provisions of section 477 oFthe Cornpanies Aa 2006 lthe"Ain and members have rKJt required the cotnpanyto obtain an audit for Ihe year in question in accordance with seition 476 of the ACL Fk)wever. an audir is required in aicordance with sertion 151 of the Charities Act 2011. The trustees acknowledge their re5ponsibilirie5 for. ensuring that Ihe charirable company keeps accounting ￿ordS that cornpty with Seaions 386 and 387 of the CoTnpanie5 Act 2Crf)6 and preparing financial 5tatementswhichgNea t￿and fairwewof the Stale ofaffairs of the charitable comparyas at the OF each financial year and of its surplus or deficii for each financial year in accordance wirh the requirements of Seaions 394 and 395 and which otheThvise compty wth the requiremen15 of Ihe Companies Aci 2006 relaiing to financial 5tatemenis. 50 far as applicable to the charitable cornpany. These account5 have been prepared in accordance ￿th the special provision in Part 15 of the Companies All 2006 relating to small companies. The financial statementswere approved bythe Trv*es on....-.....-.. and 51gned on their behalf by.. Ruth Hicks Tru5Lee The notes on pages 15 to 27 fom an integral part of these fjnancial Statements Page 13 Recove Connections and Subsidia Com ted Cash Flow Statement arEn rch 2024 2024 2023 Cash fltsws from operatln8 a¢¢ivltles Cash generated from operations 26 1203.3861 1175.1681 Investin8 actlvities Purchase of tangible fixed assets 12 110.5141 111.6871 1105141 111.6871 Financingactivities Loan repayment5 {11821 13.0431 Net cash generated fromllused in) financing activities 13.1821 13,0431 Net increase in cash and cash equivalents 1217.0821 1189.8981 Cash and cash equivalents at beginning ofyear 805.670 995.568 Cash and rash equivalents atend of year 805.670 Page14 on Il Subsidi Limited b Guarantee om counts for theyear Ended 31 M h 2024 ACCOUNTING POLICIES Charrty information Recovery Connection5 is a privaie iompany limited by 8varantee incorporated in England & Wales. The registered office is gwen in the group infomaiion on page l of these finarKial State￿￿n[S. The narure of the group's operations and its principal aciwities are set out in the ReFKbrr of the TtU5tee5 on page 2. Basis of Preparation The charity constitures a public benefit entity as defined by FRS 102. The financial 5taietnents have been prepared in aicordance with Accounting and Reporting by Chari¢ies". statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financi21 Reporting Standard applicable in the Unl￿￿ Kingdom and Republii of Ireland IFRS 1021. the Charities Act 2011, the Comp3niesAtt 2006 antl UK GeneraltyAccepted Practice a5 Itapplies from I lènuary 2019. The financial siatements are prepared on a going concern basis under the his￿￿[al c05t converitiors. The financial stètementsarepresented in srertingwhich isthe fvnrtional curreTyof the charityand rounded to the nearest £. The financial statements consolidate ihe resuts of Ihe Iharity and its wholly ov4ned subsidiary, Recovery Connections Enterpri5e5 bmite(J on a line by line basis. Transactions and b31ances be￿e￿n the charitable compary and its Subsid￿ary have been eliminaie(J from Ihe ionsolidated financial starements. Balances beNveen the two companies are dis(k)se(l inthe noie50fihe Ihariiable companys balance sheet. Aseparate starement of financial acbwties. 01 incotne and expendiDJre accounL for the charitable iornp3ny itself is not presented because the Com￿nY tsken advantsge of the exetnpiions afforded by section 408 of the CompaniesAct 2006. The significantaccourting polKies applied in the preparationofthe5efinancial 5tarernent5aTe5et out below. These policies have been consistentty applied to all years pre5enied unle55 otherwise stated. Going concern The financial ststements have been prepared on a going concem basi5 as the Irustees believe that no marerial uncertainties exist The iiustees have considered the level of fund5 held and the expeaed level of income and expenditure for 12 months from authorising these finaniial siaiements. The budgeted income and expenditure is sufficient ￿th the lewel of Tese¥ve5 for the Iharity 10 be able to contiriue as a goin8 concern. Charitable funds Unrestricted funds are available for use at the dIsC￿lI0n of ihe trusiees in furtherance of their charitable objectNes. Restricted funds are funds which are to be used irt accordance wilh specific restrittion5 imposed by donors or which have been raised bytlE charity for particular puTp05es. The iostof raising and èdminisiering such funds are charged against the specific fund. The airt¥ and use of each re5triaed fund is Set out in the notes to the financial statement> Page15 nections bsidia Limited b GuarantÈÈ ou for the Year End d ACCOLIMfiNG POLICIE5- continued Incorne All incoming fesour£e5 are included in the Statement of FinarKial Actiwties ISOFAI when ihe charity is legally entyried to the income after any performance conditions have been me¢ the amount can be measured reliabty, and if is probable that the income will be ieteNed. Cash donationsarereco8nised on ￿ceIpt. OtherdonaDor￿a[e recogni5ed once Ihe Iharityhas been notified of ihe donarion. unless performance conditions ieqvire Lleferral of Ihe amount. In£otne tax recoverable in relation to donatlolls received undef GiftAid or deeds offovenani is recognised at the time of the donation. Revenue from the sale of goods is recognised when the ￿gnifICaftt risks and rewards of ownership of the goods have passed to the buyerlusually on dispatch ofihegocdsL the amount of revenue can be measured reliably, li is probable Ihat the economic benefits a550ciaied wrh the transaction will flow to the entity and Ihe costs incurred or to be incurred in respect of the transaaion can be tnea5UTed reliabty. The Iharity receNed government grants in ￿$pert of the Coronavirvs Job Reiention Scheme and small busine55 grants. These grantsare recognise¢Y at the fairvalue of the a55et receNecl or re(er￿able when there is a reasonable a55uran£e rhat the charity will comptyTMth conditsons attacheij to them. The grants are recognised using Ihe accrual tnodel. No atTh)urtt is i￿luded in the finanoal 5tatrments forvolunteertime in line the SORP IFRS 1021. Further deiail isgwen in notes to the aciounts. The granrs are reiognise(l using the ac(Tual model. There is no netting off of expenditvrewithin the accounts. Expenditure All expendirure is accounted for on an accrua15 bas15 and has been classified under headings Ih3t aggregate all cosrs related to ihe category. Expenditure is recogni5ed where there is a legal or construrtive obligation 10 rnake payments to third partie& It is probable that the 5ettlerneni will be ￿quIred. and the amouni of the obligation can be measured reliabty. Expenditure is classified under the following headings=. Charitsble expenditure comprises those costs incurred by the Charity in the delivery of its activities. It includes both costs which can be directty èllocated to acfmries and rhose costs of an indirect nature. Support costs are those functions that ossisi the work of the charity but do not direcrty undertake charitable ¥iMties. Support costs include back office cost5. finance. personnel, payroll and 80vemance costs. Governancecostsareth)se incurred inconnecoon bmth cornplièncewith constitutionaland statutory reqtjirements. Page16 and ub Limited b Guaran r Ended 31 March 2024 ACCOUNTING POLICIES- contlnued 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 tts write off the c05t or valuation of asset5 les5 their residLJal values over their useful Iwes on Ihe follo￿n£ basis".- Leasehold improvements Plant & machinery Fixtures & fotings Office equipment Motor vehicles I￿ strai8ht line 20% siraight line 25% straighi line 33% siraighr line 20 125% straight line Investments Fixed a5sei Investn￿nts ère valued at COSL This ￿presents the rnvestment in the 10N sub5idYary. Stocks siocks are statetl al the lowerof c05tand irs nei realisèblevalue. Cash and Cash Equivalents Cash at bank and in hand include5 Cash an¢J 51K)rt term highty liquid Investments with a short maturity of one year or less from the date of acouisition or opening oFrhe dep051t or similar èicount. 1.10 Debtors and Creditors RecefvableIPa￿bIt Wtthin One Year Debtors and creditors with no stated Inieresl raie and reiewable or payable within oneyear are recorded at transaction price.Any losses arising from impaimient are recognised in expendiiure. Pension Costs The cofflpanyoperatesèdefined contributron pensionscheme forall employees. The cornpanycontributions are charged to SOFA in the period to which they relaie. 1.12 Taxation The charity 15 exempi from corry)raiion tax on its charitable actMtie5. 1.13 Operatins Leases Renrals payable tjnder operating leases are charge(1 to the SOFA on a straighi-line ba515 over the period of Ihe lease. Judgements and Key Sour(es of Estlmatlon Uncertainty In Ihe 8pplication of ihe charitable companls accounting policies which are described above, rhe Trusiees are required to make judgemÈnts, estimates and a5surnpiion5 abou( Ihe carwng amounts of assets ènd liabilities that are noi readity apparent from other sources. The eslitnates ond a550ciated assumprions are based on historical eXperIe￿e and other factors thai are conydered to be relevanL Attual resu￿ may differ from these es￿maLes. The estimares and underlwng assumptions are rwewed on an ongoing basis. Rew5ions to accounting estifflatesare recognised in the period inwhich the esLirnate is rew5ed ifthe revision affects only that period, or in the period of the rwsion and future peiiod5 if rewi5ion affec[5 boih curreni and future perlods. Page17 nn nd Subsidia Ctsm DONATIONS AND LEGACIE5 Unrestricted Funds 2024 Restrlrted Funds 2024 Unresiricted Funds 2023 Total 2024 Donations and gifts BallingerGrant 3.098 1163 5.261 6,769 15,000 1163 5.261 21.769 INCOME FROM CHARThABLE AcfiviTIES Unrestrirted Fvnds Res¢rlrted Funds 2024 Total 2024 Total 2023 Supported housing Recovery service Project Adder Housing projett IP5 employment semces Other grants and senrice contrK Telephone support line 79.123 1169.316 141000 564.282 99.632 79.123 1169.316 142.0 564.282 145.407 64.678 1.388.109 142.000 321.319 254.884 36.000 45.775 45.775 3.054.353 3.100.128 2.206.990 OTHER TRADING AcfiviTIES Unrestrlrted Funds 2024 Unrestricteil Funds 2023 Income from trading subsidiary 146.534 103.537 Income above is broken down as follo 2024 2023 Sales of goods and servKes Hendon grani C3piral grant released Kickstart program Other sundry danations 101,404 95.898 4.890 4.890 2.209 $40 240 146.534 103.537 INVESTMENT INCOME Unrestricted funds 2024 Unrestricted Fund5 2023 Bank interest recewed 991 117 991 117 Page18 Retove Connertions d Subsidia Com o theAccoun rEn RAISING FUNDS Unrestricted Funds Unresrricted Funds 2023 Staff cost5 Direct and oiher5UPF)0rt105ts 140,301 146,014 103,839 1{￿,792 286.315 210.631 Trading costs 286.315 210.631 EXPENDITURE ON CHARITABLEAcnviTIES Dlrect costs stsff costs Staff and volunreer travel Semce user costs Allotment Costs Eveni costs Vehicle (0515 Publicity Consultancy Pro8ratnme and licence Healthcare and monitoring Building cost 106 8.754 1A70 1063.434 30,026 62318 1231 1620 5.885 15,346 5.210 7.095 9.499 Z101.540 38.780 63.788 1231 4.445 11962 71.751 3.867 1.999 1.326.096 26.206 41.075 4,677 3.161 3.529 11,340 3.474 7,287 6,181 1.397.847 30.073 43.074 4,677 9,175 3,529 14,131 5.649 8,106 6,819 6.014 7.077 (7.3511 1.037 1.628 1.077 2,791 2,175 819 638 6.247 10.576 Totals 1293.664 1347.287 ).054 1,433,026 1,523,080 Support COSts Staff c05(5 Depreciation Cornputer running cost5 Cleaning and Sundry expenses DBS check Insurance Trainirig Light & heal Telephone pps Repairs Recruitfflen( cost5 Rent & rates Bank charge5 Irrecoverable VAT Overhead recharge Governanie cos 167.800 16,309 184.109 8.200 26,067 54,9)1 3.183 41.626 49.170 21259 13.498 4.070 11988 961 70,521 1.257 125,408 118,739 8,377 17,7T7 47,474 2,399 17.165 40.026 15,320 6.157 3.823 3.246 .351 56,300 98 244,147 8.377 20.147 52,732 2,538 19,484 40.592 15,320 8,016 4.355 3.246 1,351 56,300 1.441 1.062 24.626 53.839 1739 2.370 5,258 139 2,319 566 13.737 47.829 21259 11339 3.982 11988 570 70.521 1,859 532 391 1257 28.492 792 19.576 122.5451 18.288 19,576 22.545 26.536 5.292 31.828 18.288 243.748 309.382 553.130 154.562 360.797 515.359 297.371 1603.046 19)0.417 244.616 1.793.823 2.038.439 Included within dirert Costs above is £90.000 which relates to an un5penigrant receNed in pfevious years. This grant was awarded 10 assisi wilh the purchase and refurbi5hmeni of a property in the fijrtherance of the charitys objectives. However, during Ihe curreni year it wa5 determined ihai such èn acquisition was no longer a wable Opfion, and after consideraiion and communicaiiofj with the awafding boty IMBCI the fttndingwas a554gned to an unconnecred charity, Connecred Community CIC for their future use. Page19 and Sub Limited Guarantee 31 March 2024 GOVENANCE cosrs countancy Audii Legal fees 6.631 10,51 6.631 10.5 14.697 7.SS8 10.IXO 730 7.558 10.000 730 S.292 26.536 5.292 31.828 18.288 18.288 NET INCOME FOR THE YEAR 2024 2023 This is 5taied after charging'.- Depreciation Audiiors. remuneration- foraudit - for accountsncy 23.333 10.$00 2.625 23.256 10,0(K> 10 TRUSTEES No Irustee received any remuneration or expenses during Ihe period12023.. £Nill. No trustee or other person related 10 Ihe charity had any personal interest in any Olher contracts or trar￿£t¢0ns entered inio by charity during the period12023.. £Nill. 11 EMPLOYEES 2024 Number 98 2023 Number The average monthly number ofemployees during Il*year was 75 Employment costs 2024 2023 Wages antt salaries Social security COSt5 Orher pension costs 1191.082 192.865 1.585.282 126.505 27,937 1424.177 1.739.724 The number of employees wEx)se total emoluments (excluding ernployer pension costs) for rhe reporting period in the following bandswas= 2024 nurnber 2023 Number E60,000 to £70.000 p.a. Page 20 Recove and Subsldia Limited b Guarantee onnec rc 12 TANGIBLE FIXED ASSErs CONSOLIDATED Cost At 1 April 2023 Additions 31.944 21.240 1.983 33.346 49.235 174.110 10.514 1.093 At 31 March 2024 31.944 39.438 49.235 184.624 Depreciat¥on and impairment At l April 2023 Depreciation charged in year 7325 3.354 13.972 1674 .198 103.747 23,333 Al 31 March 2024 10.679 16.646 35.155 29.532 35.428 1Z7.080 Carryifjg arnouni At 31 March 2024 21.265 6.577 4.283 11.252 13.807 57.544 Ar31 March 2023 24.619 7.268 8.147 9,362 20,967 70,363 CHARITY Im Cost At 1 April 2D23 Additions 31.1 31A37 7,438 15.235 86.829 7.438 At 31 March 2024 1.061 8.034 31.062 38.875 15.235 94,267 Depreciation and impairment At l April 2023 Depreciation charged in year 26.507 2.936 15.235 73.070 8.2 4.999 At 31 March 2024 615 8.034 27,943 15,235 81.270 Carrying èmount At31 March 2024 1.619 10.932 12,997 At31 March 2023 711 4.555 8,493 13,759 Page 21 Recove Connertion Limit Notes to the Ac oun r Ended 31 Mar h 2024 13 SUBSIDIARIES These financial starements are separate financial Stater￿￿[5 for Recovery Connections. Deiails of the charitys subsidiaries at 31 March 2024a￿aS folltyws'.- Registered Office Nature of Business Class of % Held Shares held Direculndlrect Name ot Undertèklng Recovery Connections Enterprise Lirnited UK Re5taurant& event space and flori 1(YJ.00 Recovery Connection5EnierpriseLimited Icompanynumber 720796291was incorporatedon 2luty2019and is a wholly owned subsidiary of Re(overy Connections Limired. A summary of the results of the subsidiary are sh*)wn below."- 2024 2023 Turnover C05t of sale5 203.912 1206.3311 148.789 1141.2851 Gros511055llprofii Adminisirative expense5 Other opera(ing incotne Interest payable and simiLar expense5 12,4191 (79.4411 45.130 15431 7.504 168.6631 7.639 16831 Loss for the financial year 137,2731 The aggregate of the assets liabilities and fu[￿5 wa5.'- Assets 6S.051 1280,437) 118.0111 73,700 1269.0561 121,2721 Non-current liabilities 1253.9011 1216.6281 Called up share capiral Profil & loss reserves 1253,9021 1216.6291 1253.9011 1216.6281 14 STOCKS CONSOLIDATED 2024 2023 Finished good5 and 8oods for resale 1248 1.082 CHARITY 2024 2023 Finished goods and goo(ts for resale Page 22 Rec Conn d Subsidia Com Guarantee Notes to th A March 2024 15 DEBTORS CONSOLIDAYED 2024 2023 Amounts lalllngdue within year. Trade debtors VAT Other debtors Prepayments and accured incotne 586.703 3.634 23.881 115.548 303,848 22,549 65,304 729.766 391.701 CHARITY 2024 2023 Amounts falllng duewithin oneyear. Tra(Se debrors Amounts owed by Subsidiary undertakings VAT Oiher debtors Prepaymeni and accured income 580.587 15,096 7.963 23.881 111.055 299,699 22.518 62.S29 738.582 384.846 16 CREDITORS- Amounts fallingdue wlthln oneyear. 2024 2023 CONSOLIDATED No 83nk loans Other tax61ion and social security Deferred Income Trade creditors Other crediiors Accrua15 18 3.231 42,455 138.626 19.335 15.099 18.655 3.151 40.603 89.058 28.266 7.514 23.399 19 237.401 191,997 2024 2023 CHARITY Other raxatyon and social security Deferred income Trade creditors Other crediEors Aciruals 40217 126.001 9.262 11.922 13.246 45,139 73.982 26.042 6.856 20,219 19 200.648 172.238 17 CREDITORS= Amounts falling due after more than one year. 2024 2023 CONSOLIDATED No BatFk loans 18 18.010 21,272 Page 23 Re d Svbsidia onn tion Com uarantee Notes to 18 LOANS AND OVERORAFrs 2024 2023 CONSOLIDATED Bank loans 21.241 24.423 Payable kwthin one year Payable one to five years Payable over five years 3.231 14.063 3.947 3.151 13,716 7.556 21.241 24.423 The long term loans are unse(tsred and were obtsined as part ofthe Coronavsrus-Bounce Back Loan< scheme. 19 DEFERRED INCOME 2024 2023 CONSOLIDATED Other deferred irbcome 138.626 89.058 CHARITY other defer￿d income 126.001 73,982 Deferred income cotnprornise5 fundin8 receNed in advance for projects over a Specific tiffle period which is for future period5 01 overlap5 rhe year end.Aso. I￿lUded in deferred income 15 a capital granr released over the life of the asset. 20 MOVEMENTIN FUNDS The income fufjd5 of Ihe charity iriilude restricted funds comprising the foll¢>wing unexpended balances of donations and grants held on trust for specifii purp05es'. Balance at 31 March 2024 CONSOLIDATED Balance a In RÈsourcÈs nded resources ex Recovery SeNce IM8CI UnNersal Grant IM8CI Recovery Service ICGL Gate5headl Recovery Service ISur)derlandl Recovery Service Istoiktonl Othergrants Naiional Lottery Peer Advocacy (Stockton) Recovery Service (Hartlepooll ProiettAdder Housing Projea IM80 IPS employrneni services IMBCI Telephone Support Line IMBQ Boxing Gyffl IMBCI IPS employtneni senrices Isundertandl Changing Future5 Isunderlandl IPS pmploymeni services Isiocktonl Recovery Service (Darlingtonl IPS employment services (Darlingtonl 64950 115,802 79.630 47.8(N) 88,032 6.538 80,165 595.313 133.4fy1 591.967 232.545 200.093 30.995 47.475 66.667 10.( 142.(￿) 141.411 1482.6781 1117.9171 1426.1481 1207.4271 1209.8001 132.1411 188.2501 17.1731 19.1761 1238.6811 1124.4281 16.4631 19.2841 1103.8781 1103.9241 1190.5321 1170.1241 175.0821 1147.3461 113.3401 IS7.6251 123.7011 120.9041 28.239 117.945 187,824 49,217 57.421 5.392 35.642 52.827 824 132.709 89,416 13.7481 16.6671 243,590 85.289 6.463 14.336 1.890 3.936 43.439 1.858 3.954 114.2001 112.8561 5.052 3.803 7.836 52,687 122.947 7.159 116.417 118.483 219.434 323.295 87.021 110,6861 110.6591 119,6541 132.0821 18.7341 885.672 3.056.516 11603,0461 1382.2021 956.940 Unrestricted Funds Tradlng 5ub5idiary 386.510 1216.6291 49.864 146.534 1297.3711 1286.3151 279.694 102.508 418.697 1253,9021 1.055.553 3.252.914 13.186.732) 1,121.735 Page 24 Recove Conn and Subsidia Com b Guaran tes to thÈActourt 1 March 2024 MOVEMENT IN FUNDS Icontinuedl We have been the Abstinen(e arKI Recoveryconiract holders on behalf of Middlesbrough Council since October 2017. Since November 2018 R￿overy(0nne£IlOnS has been suiKonvacted towork ￿th Gateshead Recovery Partnership In relation to prowding integrated drug and alcotrK*l recovery services. The contraa is Kheduled to run unril October 2022. a sub-contractor ofCGLwe provide Iwed experience recoverywpport as partof Stockton and Sunderland Recovery Service. Included within othergrants= Church Urban- Peer support VALF SSA- Collegiate program Transfers from restricted funL15tounrestricted funds intheyear rela*to manasementcharges. restricted expenditure eliminated on con501idaiiorL CONSOLIOATED omi ources 31 Marc ex ended Recovery Serwce IMBCI Universal Grant IMBQ Recovery Service ICGL Gateshead) Recovery Service Isunderlandl Recovery Service (Stockton) Orher grants ProjeciAdder Housing Project IM8CI IPS employment services IMBQ Telephone SuprM)rt Line IMBQ Boxing Gym IMBCI IPS employment seNices ISunderlarKII Changing furures1Sunderlandl IPS employmenr services (Stockton) Recovery Service {Darlin￿onI IPS employment seNices (Darlingtonl 122.104 88.223 706.694 36.260 85.8S1 96.271 259.152 58.333 562.045 133.41KJ 306.586 213.917 165.337 110,086 142.IKJO 132.160 36,0(K) 1S.0(M) 51.540 87,936 99,413 37,617 38.207 1467.9111 192,4811 1301.8741 1784,4111 1146.1021 1110.6781 1143,3621 193,1891 129.5371 16641 143,1171 (76.0061 146,0331 131.9971 126.4611 1153.2881 113.3401 131.7761 117.9661 117.0541 18.9221 114.2001 1110151 62.950 115.802 79.630 47.800 88.032 86.703 243.590 85.289 6.463 14.336 1.890 3.936 43.439 1.858 3.954 16.5331 17.9941 19.9411 13.7621 17.7921 851834 2.131,244 11,793.8231 1304.5831 885.672 Unrestrirted Funds Trading subsidlary 281.802 1162.4261 97,632 103,537 1244.6161 1210.6311 251.692 52.891 386.510 1216.6291 972.210 2.332.413 12.249.070) 1.055.553 Page 25 Connections Com an Llmlt ts for the Year Ended 21 ANALYSIS OF N￿AssET5 BETWEEN FUNDS Fund balances at 31 March 2024 are ￿presented ty. Tangible assets Curreni aSSet￿(li8bllltieSI Long terrn liabilitie5 57.544 125.261 118.0101 70.363 120.790 121.2721 70.363 1,006,462 121.2721 956.940 1.082.201 118.0101 885,672 164.795 956.940 1.121.735 169.881 885.672 1.055.553 22 OPERATING LEASE COMMITMENTS At the repor(ing end date. the (harity had outs[a￿lIng commitments fvr future minirnum lease payments under non- cancellableoperating leass which fall due as follows=_ 2024 2023 Wiihin one year Within one to fve years 15.000 21500 15.000 37.500 37.500 52.51x1 Lease payments recognised as an expense in theyear amounted to £15.000. 23 RELATED PARTYTRANSACTIONS Remuneration of key management personnel The remuneration of key tnanagement personnel is as follows".- 2024 2023 Aggregate compensation 199.348 150.065 Key managemenr personnel consisting ofthe senior leadership team. There were no related partytransactiorts in the year. 24 RESULTS OF PARENT 2024 2023 Tot31 incoming resources Net movement In funds 3.106.380 103.459 2.228.876 1107.2211 In the prior year the charity provided a bad debt prowsion amouniing 10 £244.766 against its subsidiary debtor balance. This provision was eliminated on ionsolid3ti0n. PENSIONS The charityoperares a contribufory defined contributK)n pension scheme forall employees. The Iharity contributions arecharged 10 the Staiemenrof Financial AuM(ies inthe period to which Iheyre131e. £40.230was paid in contributions during the ye3r12023". £27,9371- The amount outstanding at 31 March 2024was £8.60212023- £6.7991. Page26 Recove Sub Limi Connertion ran rEn d 31 Marth 26 CASH GENERATED FROM OPERATIONS 2024 2023 Surplus for the year 66.182 83.343 Adjustments for. Depreciation of tangible fixed assers 23.333 23.256 Movetnents in working caprtal.. Ilncreèsel in stocks Iincreasel in debtors Increase/ldecreasel in creditors Loan repayments 11661 1338.0651 41148 3.182 182,7641 1201.9161 3,043 Cash generated from operatlons 1203.3861 1175,1681 27 ANALYSIS OF CHANGES IN NET FUNDS At 1 Aprll 2023 Cash flows At 31 March 2024 Cash at bank and in hand 805.670 1217.0821 588.588 Loan5 falling due Mthin one year Loans falling due after more than one year 13.2311 118.0101 1212721 3.262 781.247 1213.9001 567.347 Page 27