COMPANY REGISTRATION NUMBER: 09225444 CHARITY REGISTRATION NUMBER: 1160516
UK Smart Recovery Company Limited by Guarantee
Financial Statements
31 March 2024
RITSONS
Chartered Accountants & Statutory Auditor Forbes House 36 Huntly Street Inverness IV3 5PR
UK Smart Recovery
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent auditor's report to the members | 7 |
| Statement of financial activities (including income and | |
| expenditure account) | 12 |
| Statement of financial position | 13 |
| Statement of cash flows | 14 |
| Notes to the financial statements | 15 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 29 |
| Notes to the detailed statement of financial activities | 31 |
UK Smart Recovery
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
| Registered charity name | UK Smart Recovery | |
|---|---|---|
| Charity registration number | 1160516 | |
| Company registration number | 09225444 | |
| Principal office | PO Box 4964 | |
| Stoke on Trent | ||
| ST3 9GU | ||
| England | ||
| Registered office | 10 Queen Street Place | |
| London | ||
| EC4R 1BE | ||
| England | ||
| The trustees | ||
| Mrs L McGeoch | ||
| Mr A J MacLean | ||
| Mr I Preece | ||
| Miss J R Broadbent | (Retired 13 August 2024) | |
| Mr G Aston | (Retired 22 May 2024) | |
| Professor S D Heim | ||
| Mr S K Sharma | (Appointed 1 January 2024) | |
| Chief executive officer | C Orton | |
| Chief financial officer | T Moran | |
| Day-to-day running | A King | |
| Day-to-day running | M Frost | |
| Auditor | Ritsons | |
| Chartered Accountants & Statutory Auditor | ||
| Forbes House | ||
| 36 Huntly Street | ||
| Inverness | ||
| IV3 5PR | ||
| Bankers | HSBC | |
| 74 Goswell Road | ||
| Clerkenwell | ||
| London | ||
| England | ||
| EC1V 7DA |
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UK Smart Recovery
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Structure, governance and management
The organisation is a Charitable Company, Registered with the Charity Commission 1160516 and the Office of the Scottish Charity Regulator SC046247. The charity operates under its' Articles of Association and a Memorandum of Agreement incorporated on 18 September 2014 and is governed by a board of volunteer trustees.
Recruitment and Appointment of Board of Directors
The Board of Trustees serve in a voluntary capacity and are drawn from various backgrounds to provide the expertise needed to guide the charity. The Trustees employ an Executive Director and staff to carry out the aims and objectives of the charity on a day to day basis. Trustees meet regularly to guide the development, make strategic and policy decision, hold the Executive Director and staff accountable and manage any major risks to which the charity may be exposed.
The Trustees employ an Executive Director and staff to carry out the aims and objectives of the charity on a day to day basis. Trustees meet regularly to guide the development, make strategic and policy decision, hold the Executive Director and staff accountable and manage any major risks to which the charity may be exposed.
Board Induction and Training
New Trustees attend several meetings before formal co-option to the board to gain an understanding of the organisation and are required to read polices and procedures as part of their induction. Training is decided on, depending on the skills and experience of the individual trustee, in conjunction with the chair.
Risk Management
Risk management is a standing agenda item at trustee meetings where any major risks to the organisation are considered and mitigating actions are decided upon.
Organisational Structure
The board of trustees assume ultimate responsibility for the organisation. The chair manages the executive director, to whom some powers are delegated to ensure the smooth running of the organisation. The executive director manages the staff team, meeting individuals regularly for supervision sessions and annual performance review which includes setting of targets for the coming year. Staff manage volunteers, providing guidance, training and support as necessary.
Public Benefit
In reviewing our aims and objectives, and planning future activities, the Trustees have taken into account the Charity Commission’s general guidance on public benefit.
Objectives and activities
UK SMART recovery is a science based programme to help people manage their recover from any type of addictive behaviour, providing support meetings both in the community and at some service providers who work in partnership with the charity.
The organisation provides training on line and face to face, manuals and other training materials and support to those who wish to facilitate UK SMART Recovery meetings to support people seeking recovery from addictions.
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UK Smart Recovery
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
The companies objects, as defined in the Memorandum of Association, and with consideration to the Charity Commission's guidance on public benefit, are for the public benefit to advance health and save lives, including, but not limited to, the relief of person with problems caused by any type of substance or activity dependence by:
Relieving the sickness and distress of those members of society whose development and participation in society is impaired by such dependence;
Educating the public about, and promoting a better and more sympathetic understanding of, the causes and effects of such dependence; and
Advocating for a greater choice in recovery options available to those suffering from problems caused by any type of such dependence.
The organisation meets its aims and objectives through providing a training programme to support people who wish to abstain from an addictive behaviour accessed at mutual aid meetings. Individuals are empowered to build and maintain motivation to abstain, cope with urges, manage thoughts, feelings and behaviours and create a well-balanced life. There are similar programmes aimed at individuals whose addiction has brought them into contact with the criminal justice system, and for the family and friends of the person with an addiction.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
It gives me great pleasure and a sense of pride to reflect on the successes of SMART Recovery UK over the past year. We continue to operate in a tough financial climate that exacerbates the manifold issues faced by those affected (in)directly by addictions, and which creates significant challenges for individuals and organisations facilitating recovery. As such, and with a view to the future, it is gratifying that SMART Recovery UK is well positioned to continue to flourish in these taxing times. We have a clear sense of purpose, a strategy for ensuring our activities have impact, and highly motivated volunteers, staff and trustees with the necessary experience to make a difference. Our solid financial position, outlined herein, means that we can and will continue to help better the life chances of those impacted by addictions.
Several developments over the past year evidence the progress that SMART Recovery UK is making. Training in the facilitation of the SMART Programmes remains core to our activities and, over the year, 543 individuals completed their training with us. This represents an increase of 33% on the previous year. Our four-module webinar training has proved popular with three of these courses booked over this period. The number of our partners increased from 623 in Q4 2023 to 659 in Q4 of 2024. Furthermore, appropriate to the many life domains impacted by addictions, our partner portfolio is continuing to diversify and includes housing and education providers, other charities, criminal justice teams, military veteran services and healthcare providers across primary, secondary and tertiary care. SMART Recovery is now also available across Wales, Anglesey, Jersey, The Isle of White, The Isle of Man, Guernsey and as far north as the Highlands of Scotland. Therefore, we met our targets to attract new and diverse partners and to increase our presence across the UK.
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UK Smart Recovery
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
We have also augmented mutual support meeting management with parallel enhancements in advertising our services. This was, in part, due to the adoption of the Pathminder meeting management software, developed by SMART USA, that enables facilitators to manage their own meeting advertisements, and which makes it easier for people to find mutual support meetings. The software solution also improves generation of data insights into our meeting activities and facilitates better advertising of our publications. The number of active meetings has increased from 368 in Q4 of 2023 to 424 in Q4 2024 with a concomitant growth in publication sales. SMART Recovery UK will continue to harness benefits of digitalisation with a series of projects planned for the coming years.
Strategic and financial oversight continues to be performed well. The Board of Trustees met four times over the past year and continuously monitors our financial position, in addition to overseeing delivery of our strategy. A mark of our success is that we crossed the income threshold of £500k and became recognized as a medium-sized charity, which triggered a full financial audit. The board is improving further its governance structure by setting up an Audit and Remuneration Committee. I take this chance to thank Gareth Aston, who stepped down as a Trustee owing to other commitments, for his valuable contributions to SMART Recovery UK. The not insignificant task of reinstating the knowhow lost to the board as a result is underway. The board is pleased to have welcomed Kim McCreanor, Executive Director of SMART Recovery International, as an ex-officio member. Her appointment strengthens partnership working with our sister organisations operating across 28 countries.
SMART Recovery UK continues to invest in its people, and to support them to develop and to excel. We appointed an Operational Manager to fill a vacancy that Dr Charlie Orton, our CEO, had been covering. This appointment enhances the day-to-day running of the charity and affords more time for attracting new partners and ensuring that our organisation becomes better known as an effective mutual support organisation rooted in evidence-based principles. In the context of supporting the personal and professional development of our staff, I congratulate our CEO on her July 2023 appointment as a Non-Executive Director and board member of Manx Care on the Isle of Man. This three-year appointment, with potential for renewal, was supported by the board as it represents a mutually beneficial opportunity for Dr Orton to contribute her skills to an important cause while gaining valuable experience of developing and implementing strategy in a sector significant to us.
Financially the charity is in a good place and steady income streams solidify our sound fiscal position. We are close to meeting our aim of having a minimum of six months' worth of operating expenses as cash reserves, and have begun a process to improve longer-term financial security by extending, wherever possible, renewals of larger contracts to durations beyond 12 months. Such changes facilitate adopting a longer-term horizon for investing in our operations and activities. We balance this with making applications to fund some of our work, in the shorter-term, via grant funding to grow our activities in strategically important areas. As such, we will submit a renewal application for a project funded by the Scottish Government ending in August 2024. The board is delighted that new grant funding from the Armed Forces Covenant Trust was secured. This will run for a three-year period (December 2023-2026) and employ a full-time veteran to roll out the SMART Veteran Programme across England and create a a service tailored to the specific needs of women in recovery.
Our charity took the decision to vacate its office premises in Manchester in December 2023. Maintaining a physical office was deemed not to be the best use of our resources as, following the COVID pandemic, it became clear that we can effectively meet our aims by allowing staff to work from home. This shift to more flexible homeworking represents an employee benefit that has been well received by our team, and which should help us to attract and to retain talent in the future. We now invest some of the cost savings, incurred as a result, into regular in-person collaborative working, and the whole team gets together three times per annum for two-day team building and development meetings. The central office team also held two in-person meetings this past year, and our Operational Manager travels to location to meet with our community co-ordinators on a regular basis. The company address remains that registered with Companies House.
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UK Smart Recovery
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
While not central to our financial health, we continue to engage in wider fund- and awareness-raising activities and will persist with such efforts to increase brand recognition and tackle the stigma associated with addictions. In 2023 we instigated a 'Unite For Recovery' campaign that built on our 2022 'Take On Addiction' effort. The 2023 campaign was run in collaboration with a PR and marketing agency between April 2023 and June 2024 and a total of 191 people took part, raising £3,775. Three female team members attended a parliamentary reception focused on raising awareness for the needs of women with addictions. SMART Recovery UK also had a good presence at several other events throughout the year, including the Scottish Kilt Walks, Nat West wellness events, the FAVOR Recovery Walk, the North Wales ABP Big Conversation, the ARC Recovery In Motion Conference in Ireland, where our CEO gave a keynote speech.
I conclude by taking this opportunity to thank all our volunteers, staff and trustees for their continued commitment to SMART Recovery UK. It is testament to their hard work, expertise and dedication - and to that of the many organisations we partner with - that in 2023 our charity won its first ever award, being named Addiction Recovery Training Charity of the Year UK in the Acquisition International Non-Profit Organisation Awards 2023. We are a small organisation with lots of ambition that, I believe, punches well above its weight. I look forward to building collectively on our considerable achievements going forward.
Financial review
UK SMART Recovery has only one major source of income which is earned income from partnership agreements. This not guaranteed from year to year and is dependent on government policy and the economic climate. It is therefore crucial to the sustainability of the organisation to ensure there are sufficient financial reserves to cope with a period of diminished earned income, while fundraising activities are carried out, to ensure the stability of the organisation and most importantly to continue to support people seeking abstinence from addictive behaviours.
To avoid the possibility of closure of the organisation, should the charity’s income fall significantly, the UK SMART Recovery Board has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of six months. The main concerns of the board are to ensure that the charity can continue to meet its objectives.
Currently funding is stable, but if difficulties were to arise then, it has been calculated that reserves of £213,000 would be needed to continue running for at least six months. The unrestricted reserves for the current year, less fixed assets, were £182,056. Reserves should be built up from the unrestricted income. The level of reserves should be calculated and monitored on a quarterly basis by staff. The reserves fund should be reviewed annually at the end of the financial year by Trustees.
During the period the charity made an overall surplus of £62,349 (2023 - £50,004). This is made up of a surplus before transfers in unrestricted of £40,955 (2023 - £47,515) and in restricted of £21,394 (2023 - £2,489). At 31 March 2024 the balance on unrestricted funds was £184,795 (2023 - £139,717) and the balance on restricted funds was £69,757 (2023 - £52,486) on restricted funds.
Plans for future periods
The Board has developed a clear strategic direction for our organisation. As a Board we are acutely aware of the ever-changing environment of alcohol and drug service commissioning and try to ensure that UKSR responds to such changes by being flexible and fit for purpose. However one thing does not change and that is our product. We remain committed to the provision of an evidenced-based, secular, mutual aid, accessible program based squarely on well-established cognitive behaviour and person centred therapeutic principles. We actively eschew jumping on the bandwagon of new brand named, so called acronym psychological therapies of questionable validity.
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UK Smart Recovery
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Trustees' responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
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they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
Dec 19, 2024 The trustees' annual report and the strategic report were approved on .............................. and signed on behalf of the board of trustees by:
peo
Professor S D Heim Trustee
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UK Smart Recovery
Company Limited by Guarantee
Independent Auditor's Report to the Members of UK Smart Recovery
Year ended 31 March 2024
Opinion
We have audited the financial statements of UK Smart Recovery (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 27 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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UK Smart Recovery
Company Limited by Guarantee
Independent Auditor's Report to the Members of UK Smart Recovery (continued)
Year ended 31 March 2024
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
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UK Smart Recovery
Company Limited by Guarantee
Independent Auditor's Report to the Members of UK Smart Recovery (continued)
Year ended 31 March 2024
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
As part of the audit planning process, the engagement partner and the engagement team obtained an understanding and discussed the legal and regulatory frameworks that are applicable, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included Companies Act 2006, Financial Report Standard 102 (FRS 102), employment and tax laws and health and safety legislation.
The engagement partner and the engagement team discussed non-compliance with laws and regulations at the audit team planning meeting. The engagement partner made enquiries of management regarding their assessment of the likelihood of fraud or error or non-compliance with laws and regulations which could lead to material misstatements in the financial statements and whether they were aware of any instances of fraud or non-compliance. The engagement partner was satisfied that the engagement team had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations during the audit.
The engagement team also enquired of management as part of the audit, including obtaining and reviewing supporting documentation and reading minutes of meetings of those charged with governance. The engagement team did not identify any key audit matters relating to irregularities, including fraud.
Part of the engagement team's assessment of non-compliance with laws and regulations included a review of the risk of management override of controls. This was carried out by reviewing journals posted to the financial records and reviewing accounting estimates identify any material misstatement which may be due to fraud.
The audit team also considered whether there could be fraudulent revenue recognition. This was carried out by reviewing the revenue recognition policies, testing of material revenue streams and testing cut off at the year end date.
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UK Smart Recovery
Company Limited by Guarantee
Independent Auditor's Report to the Members of UK Smart Recovery (continued)
Year ended 31 March 2024
The disclosures in the financial statements were reviewed and tested to supporting documentation to assess compliance with applicable laws and regulations. A Disclosure Check was carried out to confirm that the financial statements comply with current accounting requirements.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Other matters
The comparative figures contained within these financial statements are unaudited.
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UK Smart Recovery
Company Limited by Guarantee
Independent Auditor's Report to the Members of UK Smart Recovery (continued)
Year ended 31 March 2024
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Yel hl
Dec 19, 2024
Daniel Palombo, MA(Hons) CA (Senior Statutory Auditor)
For and on behalf of Ritsons Chartered Accountants & statutory auditor Forbes House 36 Huntly Street Inverness IV3 5PR
Ritsons is eligible for appointment as auditor of the charitable company under regulation 10(2) of the Charities Accounts (Scotland) Regulations by virtue of its eligibility under section 1212 of the Companies Act 2006.
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UK Smart Recovery
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 8,742 | 99,408 | 108,150 | 76,283 |
| Charitable activities | 6 | 427,844 | – | 427,844 | 391,754 |
| Other trading activities | 7 | 32,222 | – | 32,222 | 25,006 |
| -------------------------------- | --------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 468,808 | 99,408 | 568,216 | 493,043 | |
| ================================ | =========================== | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | (426,538) | (78,014) | (504,552) | (443,039) |
| Other expenditure | 10 | (1,315) | – | (1,315) | – |
| -------------------------------- | --------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | (427,853) | (78,014) | (505,867) | (443,039) | |
| ================================ | =========================== | ================================ | ================================ | ||
| -------------------------------- | --------------------------- | -------------------------------- | -------------------------------- | ||
| Net income | 40,955 | 21,394 | 62,349 | 50,004 | |
| ================================ | =========================== | ================================ | ================================ | ||
| Transfers between funds | 4,123 | (4,123) | – | – | |
| -------------------------------- | --------------------------- | -------------------------------- | -------------------------------- | ||
| Net movement in funds | 45,078 | 17,271 | 62,349 | 50,004 | |
| Reconciliation of funds | |||||
| Total funds brought forward as previously | |||||
| reported | 128,998 | 65,914 | 194,912 | 142,199 | |
| Prior year adjustment | 10,719 | (13,428) | (2,709) | – | |
| -------------------------------- | --------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds brought forward as restated | 139,717 | 52,486 | 192,203 | 142,199 | |
| -------------------------------- | --------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 184,795 | 69,757 | 254,552 | 192,203 | |
| ================================ | =========================== | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 15 to 26 form part of these financial statements.
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UK Smart Recovery
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| (restated) | ||||
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 16 | 2,739 | 2,268 | |
| Current assets | ||||
| Debtors | 17 | 46,853 | 105,158 | |
| Cash at bank and in hand | 268,530 | 169,987 | ||
| -------------------------------- | -------------------------------- | |||
| 315,383 | 275,145 | |||
| Creditors: amounts falling due within one year | 18 | (63,570) | (85,210) | |
| -------------------------------- | -------------------------------- | |||
| Net current assets | 251,813 | 189,935 | ||
| -------------------------------- | -------------------------------- | |||
| Total assets less current liabilities | 254,552 | 192,203 | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 254,552 | 192,203 | ||
| ================================ | ================================ | |||
| Funds of the charity | ||||
| Restricted funds | 69,757 | 52,486 | ||
| Unrestricted funds | 184,795 | 139,717 | ||
| -------------------------------- | -------------------------------- | |||
| Total charity funds | 21 | 254,552 | 192,203 | |
| ================================ | ================================ |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: Dec 19, 2024
peo
Professor S D Heim
Trustee
Company registration number: 09225444
The notes on pages 15 to 26 form part of these financial statements.
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UK Smart Recovery
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| (restated) | ||
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 62,349 | 50,004 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 481 | 1,524 |
| Loss on disposal of tangible fixed assets | 1,315 | – |
| Accrued expenses | 1,509 | 2,637 |
| Changes in: | ||
| Trade and other debtors | 66,355 | (32,798) |
| Trade and other creditors | (31,199) | 11,572 |
| -------------------------------- | --------------------------- | |
| Cash generated from operations | 100,810 | 32,939 |
| -------------------------------- | --------------------------- | |
| Net cash from operating activities | 100,810 | 32,939 |
| ================================ | =========================== | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (2,267) | – |
| -------------------------------- | --------------------------- | |
| Net cash used in investing activities | (2,267) | – |
| ================================ | =========================== | |
| Net increase in cash and cash equivalents | 98,543 | 32,939 |
| Cash and cash equivalents at beginning of year | 169,987 | 137,048 |
| -------------------------------- | -------------------------------- | |
| Cash and cash equivalents at end of year | 268,530 | 169,987 |
| ================================ | ================================ |
The notes on pages 15 to 26 form part of these financial statements.
- 14 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England, Wales and Scotland. The address of the registered office is 10 Queen Street Place, London, EC4R 1BE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Due to the current level of reserves there are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
- 15 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Income
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
-
income from other trading activities includes income from the sale of handbooks and merchandise. Income is received in exchange for supplying goods in order to raise funds and is recognised when entitlement has occurred.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
- 16 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment - 15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments, which includes debtors, creditors and bank are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
- 17 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
4. Limited by guarantee
UK Smart Recovery is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 2,616 | – | 2,616 |
| Donations - Take on Addiction | 3,634 | – | 3,634 |
| Grants | |||
| Corra Foundation | 2,492 | 49,830 | 52,322 |
| Wrexham slippage fund | – | 2,000 | 2,000 |
| Camurus | – | 18,000 | 18,000 |
| Armed Forces Covenant Fund Trust | – | 29,578 | 29,578 |
| ----------------------- | --------------------------- | -------------------------------- | |
| 8,742 | 99,408 | 108,150 | |
| ======================= | =========================== | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| (restated) | |||
| £ | £ | £ | |
| Donations | |||
| Donations | 1,827 | – | 1,827 |
| Donations - Take on Addiction | 4,693 | – | 4,693 |
| Grants | |||
| Corra Foundation | 2,327 | 46,553 | 48,880 |
| Wrexham slippage fund | – | 5,583 | 5,583 |
| Camurus | 15,300 | – | 15,300 |
| Armed Forces Covenant Fund Trust | – | – | – |
| --------------------------- | --------------------------- | --------------------------- | |
| 24,147 | 52,136 | 76,283 | |
| =========================== | =========================== | =========================== |
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| (restated) | ||||
| £ | £ | £ | £ | |
| North Wales SMART Recovery | ||||
| Development | 37,402 | 37,402 | 36,500 | 36,500 |
| Partnership fees | 383,572 | 383,572 | 344,199 | 344,199 |
| Training provision | 6,870 | 6,870 | 11,055 | 11,055 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 427,844 | 427,844 | 391,754 | 391,754 | |
| ================================ | ================================ | ================================ | ================================ |
- 18 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
7. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| (restated) | |||||
| £ | £ | £ | £ | ||
| Publication and merchandise sales | 32,222 | 32,222 | 25,006 | 25,006 | |
| =========================== | =========================== | =========================== | =========================== | ||
| 8. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Conferences and training | 426,538 | 78,014 | 504,552 | ||
| ================================ | =========================== | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| (restated) | |||||
| £ | £ | £ | |||
| Conferences and training | 393,393 | 49,646 | 443,039 | ||
| ================================ | =========================== | ================================ | |||
| 9. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | 2024 | 2023 | |||
| £ | £ | £ | |||
| Conferences and training | 504,552 | 504,552 | 443,039 | ||
| ================================ | ================================ | ================================ | |||
| 10. | Other expenditure | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| (restated) | |||||
| £ | £ | £ | £ | ||
| Loss on disposal of tangible fixed | |||||
| assets held for charity's own use | 1,315 | 1,315 | – | – | |
| ======================= | ======================= | ============== | ============== | ||
| 11. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| (restated) | |||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 481 | 1,524 | |||
| Loss on disposal of tangible fixed assets | 1,315 | – | |||
| ======================= | ======================= |
- 19 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Auditor’s remuneration
| 2024 | 2023 | |
|---|---|---|
| (restated) | ||
| £ | £ | |
| Fees payable to the auditor: | ||
| Audit of the financial statements | 9,000 | – |
| Independent examination of the financial statements | – | 2,434 |
| Other financial services | 2,854 | 1,370 |
| ------------------------- | ----------------------- | |
| 11,854 | 3,804 | |
| ========================== | ======================= |
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| (restated) | ||
| £ | £ | |
| Wages and salaries | 311,659 | 262,584 |
| Social security costs | 23,621 | 20,894 |
| Employer contributions to pension plans | 17,541 | 15,183 |
| -------------------------------- | -------------------------------- | |
| 352,821 | 298,661 | |
| ================================ | ================================ |
Pension costs are allocated to projects by employee.
The average head count of employees during the year was 11 (2023: 9). The average number of full-time equivalent employees during the year is analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Number of staff | 10 | 8 |
| ============== | ============== | |
| The number of employees whose remuneration for the year fell within the following | bands, were: | |
| 2024 | 2023 | |
| No. | No. | |
| £70,000 to £79,999 | 1 | 1 |
| ============== | ============== |
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £149,803 (2023:£173,533).
14. Trustee remuneration and expenses
The trustees neither received nor waived any emoluments during the year nor were any fees paid to any trustees.
One (2023 - two) trustee was reimbursed for travel expenses incurred in the year amounting to £81 (2023 - £867).
- 20 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
15. Transfers between funds
An amount of £4,123 (2023 - £nil) was transferred from the Camurus - Walk4Recovery Campaign restricted fund in favour of unrestricted funds to cover costs paid from unrestricted funds in the prior year.
16. Tangible fixed assets
| Fixtures and | ||
|---|---|---|
| fittings | Total | |
| £ | £ | |
| Cost | ||
| At 1 April 2023 (as restated) | 13,025 | 13,025 |
| Additions | 2,267 | 2,267 |
| Disposals | (11,092) | (11,092) |
| --------------------------- | --------------------------- | |
| At 31 March 2024 | 4,200 | 4,200 |
| =========================== | =========================== | |
| Depreciation | ||
| At 1 April 2023 | 10,757 | 10,757 |
| Charge for the year | 481 | 481 |
| Disposals | (9,777) | (9,777) |
| --------------------------- | --------------------------- | |
| At 31 March 2024 | 1,461 | 1,461 |
| =========================== | =========================== | |
| Carrying amount | ||
| At 31 March 2024 | 2,739 | 2,739 |
| =========================== | =========================== | |
| At 31 March 2023 | 2,268 | 2,268 |
| =========================== | =========================== | |
| Debtors | ||
| 2024 | 2023 | |
| (restated) | ||
| £ | £ | |
| Trade debtors | 36,283 | 96,149 |
| Prepayments and accrued income | 10,570 | 9,009 |
| --------------------------- | -------------------------------- | |
| 46,853 | 105,158 | |
| =========================== | ================================ | |
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| (restated) | ||
| £ | £ | |
| Trade creditors | 7,408 | 5,372 |
| Accruals and deferred income | 43,997 | 70,680 |
| Social security and other taxes | 9,345 | 9,158 |
| Other creditors | 2,820 | – |
| --------------------------- | --------------------------- | |
| 63,570 | 85,210 | |
| =========================== | =========================== |
17. Debtors
18. Creditors: amounts falling due within one year
- 21 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
19. Deferred income
| 2024 | 2023 | |
|---|---|---|
| (restated) | ||
| £ | £ | |
| At 1 April 2023 | 61,442 | 55,696 |
| Amount released to income | (61,442) | (55,696) |
| Amount deferred in year | 25,200 | 61,442 |
| --------------------------- | --------------------------- | |
| At 31 March 2024 | 25,200 | 61,442 |
| =========================== | =========================== |
Deferred income comprises partnership licence income which was wholly for the next accounting period.
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £17,541 (2023: £15,183).
At 31 March 2024 there were outstanding pensions contributions amounting to £1,970 (2023 - £2,179).
21. Analysis of charitable funds
Unrestricted funds
| At | Prior year | At 31 Mar | |||||
|---|---|---|---|---|---|---|---|
| 1 | Apr 2023 | Income | Expenditure | Transfers | adjustments |
2024 | |
| £ | £ | £ | £ | £ | £ | ||
| General funds | 128,998 | 468,808 | (427,853) |
4,123 | 10,719 |
184,795 | |
| ================================ | ================================ | ================================ | ======================= | =========================== | ================================ | ||
| At | Prior year | At 31 Mar | |||||
| 1 | Apr 2022 | Income | Expenditure | Transfers | adjustments |
2023 | |
| £ | £ | £ | £ | £ | £ | ||
| General funds | 92,202 | 440,907 | (393,392) |
– | – |
139,717 | |
| =========================== | ================================ | ================================ | ============== | ============== | ================================ |
General funds
The General fund represents the unrestricted funds from past operating results. It also represents the free reserves of the charity.
- 22 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Prior year | At 31 Mar | ||||
| 1 Apr 2023 | Income | Expenditure | Transfers | adjustments | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| CGL Brighton | 12,857 | – | (2,264) |
– | – | 10,593 |
| National Lottery - | ||||||
| Start Smart | ||||||
| Programme | 10,000 | – | – |
– | – | 10,000 |
| Corra Foundation | ||||||
| - Grass Roots | 25,470 | 49,830 | (48,728) |
– | (2,328) | 24,244 |
| Slippage fund | 6,487 | 2,000 | (785) |
– | – | 7,702 |
| Camurus - | ||||||
| Website | ||||||
| Development | ||||||
| Fund | 11,100 | – | – |
– | (11,100) | – |
| Camurus - | ||||||
| Walk4Recovery | ||||||
| Campaign 2023 | – | 18,000 | (13,877) |
(4,123) | – |
– |
| The Armed | ||||||
| Forces Covenant | ||||||
| Fund Trust | – | 29,578 | (12,360) |
– | – | 17,218 |
| --------------------------- | --------------------------- | --------------------------- | ----------------------- | --------------------------- | --------------------------- | |
| 65,914 | 99,408 | (78,014) |
(4,123) | (13,428) |
69,757 | |
| =========================== | =========================== | =========================== | ======================= | =========================== | =========================== | |
| At | Prior year | At 31 Mar | ||||
| 1 Apr 2022 | Income | Expenditure | Transfers | adjustments | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| CGL Brighton | 16,810 | – | (3,953) |
– | – | 12,857 |
| National Lottery - | ||||||
| Start Smart | ||||||
| Programme | 10,000 | – | – |
– | – | 10,000 |
| Corra Foundation | ||||||
| - Grass Roots | 20,900 | 46,553 | (44,311) |
– | – | 23,142 |
| Slippage fund | 2,287 | 5,583 | (1,383) |
– | – | 6,487 |
| Camurus - | ||||||
| Website | ||||||
| Development | ||||||
| Fund | – | – | – |
– | – | – |
| Camurus - | ||||||
| Walk4Recovery | ||||||
| Campaign 2023 | – | – | – |
– | – | – |
| The Armed | ||||||
| Forces Covenant | ||||||
| Fund Trust | – | – | – |
– | – | – |
| --------------------------- | --------------------------- | --------------------------- | -------------- | -------------- | --------------------------- | |
| 49,997 | 52,136 | (49,647) |
– | – | 52,486 | |
| =========================== | =========================== | =========================== | ============== | ============== | =========================== |
- 23 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Analysis of charitable funds (continued)
CGL Brighton
This grant is towards a research project to be undertaken on aspects of addiction.
National Lottery - Community
This fund is to pilot the Start Smart programme.
Corra Foundation - Grass Roots
This grant is to be used to fund SMART Recovery Groups in Scotland delivered and supported by a Veteran SMART Recovery Coordinator.
Slippage fund
This fund is to be used towards volunteer expenses.
Camurus - Fundraising grant
This fund is to be used towards the Walk4Recovery Campaign 2023.
Armed Forces Covenant Fund Trust
This fund is to be used towards the SMART Veterans Project England for researching and supporting Armed Forces communities.
22. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 2,739 | – | 2,739 |
| Current assets | 182,056 | 69,757 | 251,813 |
| -------------------------------- | --------------------------- | -------------------------------- | |
| Net assets | 184,795 | 69,757 | 254,552 |
| ================================ | =========================== | ================================ | |
| Total Funds | |||
| Unrestricted | Restricted | 2023 | |
| Funds | Funds | (restated) | |
| £ | £ | £ | |
| Tangible fixed assets | 2,268 | – | 2,268 |
| Current assets | 137,449 | 52,486 | 189,935 |
| -------------------------------- | --------------------------- | -------------------------------- | |
| Net assets | 139,717 | 52,486 | 192,203 |
| ================================ | =========================== | ================================ |
- 24 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
23. Prior year adjustments
A number of errors were identified in the opening balances. A prior year adjustment to amend these errors has been made. The errors relate to the following:
£17,628 of unrestricted grant income had been recorded as restricted income. £4,200 of unrestricted expenditure had been recorded as restricted in relation to this income
£9,404 sales credits were issued after the accounts were prepared and were not incorporated in last year's accounts. £6,695 of these credits related to income recorded in deferred income with £2,709 of these credits reducing incoming resources for the year
Publication and merchandise sales were incorrectly classified as charitable activities when these sales should have been recognised as other trading income
The overall effect of these adjustments is a decrease in incoming resources of £2,709, a decrease in the restricted funds balance of £13,428 at 31 March 2023 and an increase in the unrestricted funds balance of £10,719 at 31 March 2023.
Statement of Financial Activities
| Statement of Financial Activities | |||
|---|---|---|---|
| 2023 | 2023 | ||
| Original | Adjustment | Restated | |
| £ | £ | £ | |
| Income and endowments | |||
| Donations and legacies | 76,283 | – | 76,283 |
| Charitable activities | 419,469 | (27,715) | 391,754 |
| Other trading income | – | 25,006 | 25,006 |
| ------------------ | ----------------- | ------------------- | |
| Total income | 495,752 | (2,709) | 493,043 |
| Expenditure | |||
| Expenditure on charitable activities | 443,039 | – | 443,039 |
| ----------------- | --------------- | ----------------- | |
| Operating Profit | 443,039 | – | 443,039 |
| ------------- | ------------- | -------------- | |
| Net income and net movement in funds | 52,713 | (2,709) | 50,004 |
| Reconciliation of funds | |||
| Total funds brought forward | 142,199 | – | 142,199 |
| ------------- | ------------- | -------------- | |
| Total funds carried forward | 194,912 | (2,709) | 192,203 |
| ========= | ========= | ========= |
- 25 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
23. Prior period adjustments (continued)
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2023 | 2023 | ||
| Original | Adjustment | Restated | |
| £ | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 2,268 | – | 2,268 |
| Current assets | |||
| Debtors | 114,562 | (9,404) | 105,158 |
| Cash at bank and in hand | 169,987 | – | 169,987 |
| ----------------- | -------------- | ----------------- | |
| 284,549 | (9,404) | 275,145 |
|
| Creditors: amount falling due within | |||
| one year | (91,905) | 6,695 | (85,210) |
| ----------------- | ---------------- | ----------------- | |
| Net current assets | 192,644 | (2,709) | 189,935 |
| -------------- | ----------------- | ---------------- | |
| Total assets less current liabilities | 194,912 | (2,709) | 192,203 |
| ----------------- | ---------------- | ----------------- | |
| Net assets | 194,912 | (2,709) | 192,203 |
| =========== | =========== | =========== | |
| Funds of the charity | |||
| Restricted funds | 65,914 | (13,428) | 52,486 |
| Unrestricted funds | 128,998 | 10,719 | 139,717 |
| ----------------- | ----------------- | ----------------- | |
| Total charity funds | 194,912 | (2,709) | 192,203 |
| =========== | =========== | =========== | |
| Analysis of changes in net debt | |||
| At | |||
| At 1 Apr 2023 | Cash flows | 31 Mar 2024 | |
| £ | £ | £ | |
| Cash at bank and in hand | 169,987 | 98,543 | 268,530 |
| ================================ | =========================== | ================================ | |
| Operating lease commitments | |||
| The total future minimum lease payments under non-cancellable operating leases are as follows: | |||
| 2024 | 2023 | ||
| (restated) | |||
| £ | £ | ||
| Not later than 1 year | – | 13,084 | |
| ============== | =========================== |
24. Analysis of changes in net debt
25. Operating lease commitments
The operating lease payments recognised as an expense amounted to £14,349 (2023 - £30,410).
26. Related parties
No trustees or other persons related to the charity had any personal interest to any contract or transaction entered into by the charity during the year.
- 26 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
27. Ethical standards
In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
- 27 -
UK Smart Recovery
Company Limited by Guarantee
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
- 28 -
UK Smart Recovery
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2024
| Year ended 31 March | 2024 | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 2,616 | 1,827 |
| Donations - Take on Addiction | 3,634 | 4,693 |
| Corra Foundation | 52,322 | 48,880 |
| Wrexham slippage fund | 2,000 | 5,583 |
| Camurus - Website development fund | – | 15,300 |
| Camurus - Walk4Recovery Campaign | 18,000 | – |
| Armed Forces Covenant Fund Trust | 29,578 | – |
| -------------------------------- | --------------------------- | |
| 108,150 | 76,283 | |
| -------------------------------- | --------------------------- | |
| Charitable activities | ||
| North Wales SMART Recovery Development | 37,402 | 36,500 |
| Partnership fees | 383,572 | 344,199 |
| Training provision | 6,870 | 11,055 |
| -------------------------------- | -------------------------------- | |
| 427,844 | 391,754 | |
| -------------------------------- | -------------------------------- | |
| Other trading activities | ||
| Publication and merchandise sales | 32,222 | 25,006 |
| --------------------------- | --------------------------- | |
| -------------------------------- | -------------------------------- | |
| Total income | 568,216 | 493,043 |
| ================================ | ================================ |
- 29 -
UK Smart Recovery
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2024
| Year ended 31 March 2024 | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 311,659 | 262,584 |
| Employer's NIC | 23,621 | 20,894 |
| Pension costs | 17,541 | 15,183 |
| Rent | 14,349 | 30,410 |
| Rates and water | 3 | 1,044 |
| Repairs and maintenance | 141 | – |
| Insurance | 2,500 | 2,062 |
| Working from home allowance | 2,522 | – |
| Travel and subsistence | 17,524 | 15,609 |
| Legal and professional fees | 2,854 | 3,804 |
| Telephone | 4,726 | 4,164 |
| Other office costs | 13,475 | 19,944 |
| Depreciation | 481 | 1,524 |
| General expenses | 1,703 | 2,987 |
| MAP project Wales | 2,132 | 7,910 |
| Bank interest and charges | 901 | 864 |
| Other professional fees | 8,335 | 15,449 |
| Consultancy fees | 14,762 | 8,946 |
| Promotional events and conferences | 6,218 | 454 |
| Staff training | 3,198 | – |
| Recruitments costs | 6,246 | – |
| Subscriptions | 243 | 237 |
| I T supplies and software | 12,574 | 20,589 |
| Volunteer expenses | 1,776 | 912 |
| Advertising | 5,992 | (10,506) |
| CGL research expenses | 2,264 | 3,953 |
| Printing (saleable) and merchandise | 17,812 | 14,022 |
| Audit fees | 9,000 | – |
| -------------------------------- | -------------------------------- | |
| 504,552 | 443,039 | |
| -------------------------------- | -------------------------------- | |
| Other expenditure | ||
| Loss on disposal of tangible fixed assets held for charity's own use | 1,315 | – |
| ----------------------- | -------------- | |
| -------------------------------- | -------------------------------- | |
| Total expenditure | 505,867 | 443,039 |
| ================================ | ================================ | |
| -------------------------------- | -------------------------------- | |
| Net income | 62,349 | 50,004 |
| ================================ | ================================ |
- 30 -
UK Smart Recovery
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Conferences and training | ||
| Activities undertaken directly | ||
| Wages and salaries | 311,659 | 262,584 |
| Employer's NIC | 23,621 | 20,894 |
| Pension costs | 17,541 | 15,183 |
| Rent | 14,349 | 30,410 |
| Rates and water | 3 | 1,044 |
| Repairs and maintenance | 141 | – |
| Insurance | 2,500 | 2,062 |
| Working from home allowance | 2,522 | – |
| Travel and subsistence | 17,524 | 15,609 |
| Accountancy fees | 2,854 | 3,804 |
| Telephone and internet | 4,726 | 4,164 |
| Printing, stationery and postage | 13,475 | 19,944 |
| Depreciation | 481 | 1,524 |
| General expenses | 1,703 | 2,987 |
| MAP project Qales | 2,132 | 7,910 |
| Bank interest and charges | 901 | 864 |
| Other professional fees | 8,335 | 15,449 |
| Consultancy fees | 14,762 | 8,946 |
| Promotional events and conferences | 6,218 | 454 |
| Staff training | 3,198 | – |
| Recruitments costs | 6,246 | – |
| Subscriptions | 243 | 237 |
| I T supplies and software | 12,574 | 20,589 |
| Volunteer expenses | 1,776 | 912 |
| Advertising | 5,992 | (10,506) |
| CGL research expenses | 2,264 | 3,953 |
| Printing (saleable) and merchandise | 17,812 | 14,022 |
| Audit fees | 9,000 | – |
| -------------------------------- | -------------------------------- | |
| 504,552 | 443,039 | |
| -------------------------------- | -------------------------------- | |
| -------------------------------- | -------------------------------- | |
| Expenditure on charitable activities | 504,552 | 443,039 |
| ================================ | ================================ |
- 31 -