Company Registration Number : 08236953 (England and Wales)
Restart Trust
Unaudited financial statements and annual report _ For the year ended 31 October 2020
Restart Trust Contents For the year ended 31 October 2020
CONTENTS PAGE Company Information 3 Director's Report 4 Accountant's Report 5 | Income Statement 6 Statement of Financial Position 7 Notes to the Financial Statements 8-10 Detailed Income Statement 11
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Restart Trust Company Information For the year ended 31 October 2020
| Company registration number | 08236953 (England and Wales) |
|---|---|
| Directors | Jason Stephanides |
| Jennifer Kelly | |
| Laura Mchale | |
| Roy Dutton | |
| Terence Kelly | |
| Company secretary | Jennifer Kelly |
| Registered office address | Unit 1 The Lombard Centre |
| Link Road | |
| Huyton | |
| Merseryside | |
| L366AP | |
| Trading office address | Unit 1 The Lombard Centre |
| Link Road | |
| Huyton | |
| Merseryside | |
| L366AP | |
| Accountant | Horridge and Lever |
| 142 Chorley New Road | |
| Heaton | |
| BL14NX |
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Restart Trust Directors' Report For the year ended 31 October 2020 Sen ee ee ee
The directors present the annual report and the Unaudited Financial Statement for the year ended 31 October 2020.
Principal activity
The principal activity of the company continued to be that of rehabilitation.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Directors of the company
The following directors held office during the whole of the period: Jason Stephanides Jennifer Kelly Laura Mchale Terence Kelly
The following directors resigned during the period: Roy Dutton (Resigned 14 December 2019)
Statement of director's responsibilities
The directors/trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors/trustees to prepare such financial statements for each financial year, Under that law the directors/trustees have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A Under company law the directors/trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors/trustees are required to; e select suitable accounting policies and then apply them consistently;
® make judgements and accounting estimates that are reasonable and prudent; and
© prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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The directors/trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them
to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets
of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
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This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Jennifer Kelly (Director) Date: 06 October 2021
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Restart Trust Trustees’ Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 October 2020.
Objectives and activities
Objects and aims
The objective of Restart Trust as set out in its Articles of Incorporation of2 October 2012 is:
‘To provide relief of need to those persons who are addicted to drugs and or alcohol, those persons affected by another’s addiction to drugs and or alcohol, the advancement of education, training and to promote social inclusions.’
Objectives, strategies and activities
Activities
Activity 1: The provision of abstinent accommodation for people recovering from drug and or alcohol addiction. The accommodation will provide each tenant with a safe and abstinent living environment while they are recovering for addiction. Restart Trust has a 10 year lease, commencing October 2012 on a large, 3 story terrace property situated in Bootle, Merseyside. The property consists of 2 self contained flats offering shared accommodation to 5 people: a 2 bedroom ground floor flat and a 3 bedroom Ist and 2nd floor flat, The property is newly renovated to an excellent and modern standard with new fitted kitchen and bathrooms, as is fully furnished including bedroom furniture, dining areas and luxury living rooms. Each tenant will be charged rent within a price range of £90 - £110 per week for rent, utilities and support. All future tenants will pay their rents through housing benefits or salaries dependant upon individual circumstances. To remain living in the accommodation a tenant must not use alcohol or drugs of any kind and meet a requirement to attend 70% of recovery based workshops delivered at the property on a monthly basis as well as a weekly one on one meeting with the accommodation support worker.
Activity 2: Focusing on limiting the harm that comes with drug and or alcohol addiction, not only for the individual but for their dependants, family friends and the community. Harm has been identified as mental illness, physical illness, medical needs, offending and crime, limitation of life skills, low self esteem, confidence and motivation. Such harm will be limited through the provision of consultation sessions to the tenants, family and friends of Restart Trust abstinent agencies. The workshops are delivered by a host of outside agencies with similar objects as well as peer mentors. Peer mentors will be recovered addicts, living abstinent and successfully, all peer mentors will be CRB checked. There are plans in place to deliver a drop in service for members of the community affected by drug and alcohol addiction. Restart Trust work in partnership with other agencies and organisations to secure the widest range of services available best fitted to the individual needs. ; Activity 3: Educating people and communities about'the dangers associated with drug use, Two of Restart Trust Trustees are recovered addicts and accredited life coaches, and have delivered 110 workshops to beneficiaries. Peer mentors will also deliver educational talks and workshops, a department head teacher has designed these to a syllabus. Research and publishing of free literature will be undertaken to promote awareness of the dangers associated with addictions.
Activity 4: Promoting social inclusions through the creation of meaningful volunteer, training and employment opportunities. These opportunities will be created for people who are/have been addicted to drugs and or alcohol, within Restart Trusts recycling facility in Merseyside. Research highlights the barriers faced by an individual recovering from drug and or alcohol addiction returning to the labour market, Restart Trust will break down these barriers by creating the above opportunities and delivering confidence enhancing training. Activity 5: Promoting advancement of health through raising awareness to individuals who are recovering from drug and or alcohol addiction and communities. Delivering health, mental health, dietary and fitness classes. Working in partnership with other agencies and organisations to secure the correct level of health and medical care services best fitted to the individuals needs.
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Restart Trust Trustees’ Report
Fundraising disclosures
During Restart Trust’s 8th year the cost of the services that have been provided to the charities beneficiaries has been kept low with many of the services being provided by volunteers and peer mentors. This past year has seen the charity continuing to deliver these services within Merseyside and growth has been conservative. From March 2020 when the pandemic started the employability contracts the charity delivers were put on hold due to the government guidance.
Apart from putting the employability services on hold the charity has been able to provide all the planned services due to funding received.
Working closely with other charities such as Shelter in Liverpool, Restart Trust has continued to provide accommodation for people whom were homeless when leaving prison.
The board are currently exploring expanding this service, as there is an evident need within the community.
The charity continued to deliver a training and employment programme as agreed in its delivery contract with Achieve North West Connect. This contract has been extended until 2023 and been increased in value. New ways to support beneficiaries were designed to support the charities beneficiaries during the pandemic. Restart Trust created 32 employment positions for people with multiple barriers to employment such as substance abuse, ex-offenders, long-term unemployment and people vulnerable to the labour market. Contract delivery was a huge success and the charity won acclaim for service delivery from its partners - MOJ and Achieve North West.
100% of the contract income was used on wages for the employment and training for those people engaging with the project.
Restart Trust continues deliver employment initiatives aimed at people recovering from addiction, long term unemploymentThe charity has andengagedex-offenders.with 223 people to offer training, support, living and: employment opportunities. Of the people who engaged with the project, 91% said they felt like their career prospects and aspirations had increased, over 80% stated that their relationships at home had improved and 100% stated that their selfconfidence had improved.
Public benefit
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. The annual report was approved by the trustees of the charity on 14.08.2021 and signed on its behalf by:
}Kelly —en Trustee
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Restart Trust Accountant's report For the year ended 31 October 2020
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF RESTART TRUST
| report on the accounts of the company for the year ended 31/10/2020.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act: - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met;
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Horridge and Lever
142 Chorley New Road
Heaton
BL1 4NX Date: 06 October 2021
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Restart Trust
Income Statement For the year ended 31 October 2020
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|---|---|---|---|---|---|---|---|
|2020|2019|
|Notes|€|£|
|Turnover|4|106,721|104,704|
|Cost|of raw|materials|and|consumables|(6,709)|(3,265)|
|Gross|profit|100,013|101,440|
|Selling|and|distribution expenses|(8,606)|(336)|
|Administrative|expenses|(86,415)|(104,056)|
|Operating|profit|5|4,991|(2,952)|
|Profit|on|ordinary|activities|before|taxation|4,991|(2,952)|
|Profit|for the|year|4,991|(2,952)|
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Restart Trust Statement of Financial Position For the year ended 31 October 2020
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| 2020 | 2019 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed assets | |||
| Property, plantand equipment | 7 | 23,308 | 26,442 |
| 23,308 | 26,442 | ||
| Current assets | |||
| Debtors | 8 | 8,293 | 24,080 |
| Cash and cash equivalents | 9 | 23,216 | 2,334 |
| 31,510 | 26,414 | ||
| Current liabilities | |||
| Creditors: Amounts fallingduewithin oneyear | 10 | (3,139) | (6,167) |
| (3,139) | (6,167) | ||
| Netcurrent assets/(liabilities) | 28,370 | 20,247 | |
| Total assets less current liabilities | 51,679 | 46.689 | |
| Netassets/(liabilities) | 51,679 | 46,689 | |
| Capital and reserves | |||
| Retained earnings | 51,679 | 46,689 | |
| Shareholder'sfunds | 51,679 | 46,689 |
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¢ For the year ended 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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¢ The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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*® These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 06 October 2021
Jennifer Kelly (Director) Company registration number: 08236953
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Restart Trust Notes to the Financial Statements For the year ended 31 October 2020
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(1) General Information
The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. Charity registration number: 1150935 The address of its registered office is: Unit 1 The Lombard Centre Link Road Huyton Merseyside L36 6AP
These financial statements were authorised for issue by the trustees on 6 October 2021.
(2) Statement of compliance
| The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in theUKand Republic of Ireland (FRS 102) (effective 1 January 2015) - (CharitiesSORP (FRS 102)) , the Financial Reporting Standard applicable in the UKand Republic of Ireland (FRS 102). They also comply with theCompaniesAct2006 and Charities Act 2011. |
|---|
| SignificantAccounting Policies |
| The principal accounting policies applied in the preparation ofthese financial statements are setout below . These policies have been consistently applied to all the years presented , unless otherwise stated. |
| Basis ofPreparation |
| RestartTrustmeets the definition ofa public benefit entity underFRS 102.Assets and liabilities are initially recognised at historical cost ortransaction value unless otherwise stated in the relevant accounting policy notes. |
| Going concern: |
| The trustees consider thatthere are no material uncertainties about the charity's ability to continue as a going concern norany significantareas of uncertainty that affect the carrying value ofassets held by the charity. |
| Revenue recognition |
| All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the |
| amount ofthe income receivable can be measured reliably. |
| Grants are recognised when the charity has an entitlement to the fundsand any conditions linked tothe grants have been met. Where performance conditions areattached tothe grantand are yet to bemet, the income isrecognised asa liability and included on the balance sheet as deferred income to be released. |
| Expenditure 4 |
| Allexpenditure is recognised once there is a legal or constructive obligation to thatexpenditure, it is probable settlement is |
| required and theamountcan be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similarcosts to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistentwith the use ofresources, with central staffcosts allocated on the basis oftime spent, and depreciation charges allocated on the portion ofthe asset's use. Othersupport costs are allocated based on the spread of staff costs. |
| Charitable Activities |
| Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsactivitiesandservicesforits |
| beneficiaries . It includes both costs thatcan be allocated directly to such activities and those costs ofan indirect nature |
| necessarytosupportthem. |
(3) Significant Accounting Policies
Governance Costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees's meetings and reimbursed expenses.
Government Grants
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Restart Trust
Notes to the financial statements (Continued) For the year ended 31 October 2020
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
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|---|---|---|---|---|
|Plant and|Machinery|20%|reducing|balance|
|Equipment|20%|reducing|balance|
|Motor Cars|25%|reducing|balance|
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Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Other
Trade debtors: Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method , less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original tenns of the receivables. Cash and cash equivalents: Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure: Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Pensions and other post retirement obligations:
; Theinto acharitypensionoperatesfund anda definedthe charitycontributionhas no legalpensionor constructivescheme whichobligationis a pensionto pay planfurtherunder whichcontributionsfixedevencontributionsif the fund aredoespaidnot hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contribution s to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
(4) Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin | published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
(5) Turnover
(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging: 2020 2019 £ £ Staff costs 24,130 56,435
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Restart Trust Notes to the financial statements (Continued) For the year ended 31 October 2020
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Depreciation of property, plant and equipment
| Depreciation of property, plant and equipment | Depreciation of property, plant and equipment | 6,281 | 4,946 | |||
|---|---|---|---|---|---|---|
| 30,410 | 61,381 | |||||
| Employees | ||||||
| During the year, the average number ofemployees | including directorwas 16 (2019 | : 13) | ||||
| Tangible fixed assets | ||||||
| Plant and Machinery |
; Equipment |
F MotorVehicles |
Totals | |||
| £ | £ | £ | re | |||
| Cost | ||||||
| As at01 November2019 | 45,819 | - | 8,294 | 54,113 | ||
| Additions | - | 3,147 | - | 3,147 | ||
| As at31 October2020 | 45,819 | 3,147 | 8,294 | 57,260 | ||
| Depreciation | ||||||
| As at01 November2019 | 26,634 | - | 1,037 | 27,671 | ||
| Forthe year | 3,837 | 629 | 1,814 | 6,280 | ||
| As at 31 October2020 | 30,471 | 629 | 2,851 | 33,951 | ||
| Net book value | ||||||
| As at31 October2020 | 15,348 | 2,518 | 5,443 | 23,309 | ||
| Asat31October2019 | 19,185 | - | 7,257 | 26,442 |
(7) Employees
(8) Tangible fixed assets
(9) Debtors
Amounts falling due within one year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade debtors | 8,293 | 23,946 | |
| Other debtors | - | 134 | |
| 8,293 | 24,080 | ||
| (10) | Cashand cash equivalents | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Bank balance | 23,216 | 2,334 | |
| 23,216 | 2,334 | ||
| (11) | Creditors: Amounts falling due within one year | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Trade creditors | 1,120 | - | |
| Othertaxes and social security | - | 687 | |
| Other creditors | 1,360 | 3,209 | |
| Accrualsand deferred income | ____—«66 | ______2.272 | |
| 3,140 | 6,168 |
(12) Pension and other schemes
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme.
(13) Related party transactions
The charity is controlled by the trustees who are all directors of the company.
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Restart Trust
Detailed Income Statement For the year ended 31 October 2020
This section does not form part of the statutory accounts.
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | 106,721 | 104,704 | |
| Less : Cost of raw materials and consumables | |||
| Other Direct Expenditure | 6,709 | 3,265 | |
| 6,709 | 3,265 | ||
| Gross Profit | 100,013 | 101,440 | |
| Less: Sellingand distribution expenses | |||
| Advertising and Marketing Entertainment |
7,299 628 |
- - |
|
| MotorVehicle Expenses | 253 | - | |
| UK and Overseas Travel Costs | 426 | 336 | |
| 8,606 | 336 | ||
| Less : Administrative expenses | |||
| Accountancy, Bookkeeping and Auditing Fees | 317 | 1,152 | |
| Bank Fees | 15 | 16 | |
| Cleaning | 4,717 | 1,108 | |
| Depreciation ofEquipment | 629 | - | |
| Depreciation ofMotorVehicles | 1,814 | 1,037 | |
| Depreciation ofPlantand Machinery | 3,837 | 3,909 | |
| Employee Pension Contributions Employee Salary Expense Employers National Insurance |
268 24,646 3,581 |
1,051 52,631 2,753 |
|
| HMRCJRS Grant Insurance |
(4,365) 1,034 |
- 2,270 |
|
| IT Costs | 1,570 | - | |
| Legal and Professional Fees Light, Powerand Heating |
1,563 260 |
3:133 - |
|
| Printing, Postage and Stationery | 207 | 158 | |
| Rates Rent |
6,354 12,385 |
6,397 12,600 |
|
| Repairs and Renewals | 22,256 | 7,899 | |
| Sundry Expenses Telephoneand Internet Training and Development |
46 622 4,660 |
- 445 7,499 |
|
| 86,415 | 104,056 | ||
| Operating profit | 4,991 | (2,952) | |
| profiton ordinary activities before taxation | 4,991 | (2,952) | |
| * | Netprofitforthe yearaftertaxation | 4,991 | (2,952) |
| Net profitfor the yearafterdividends | 4,991 | (2,952) | |
| Retained profits broughtforward | 46,688 | 49,641 | |
| Retainedprofitscarriedforward | 51,679 | 46,689 |
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