COMPANY REGISTRATION NUMBER: 09839162 CHARITY REGISTRATION NUMBER: 1178534
AMENDED ACCOUNTS
Royal Respite Limited Company Limited by Guarantee Unaudited Financial Statements
31 October 2024
WHITESIDE AND DAVIES LTD
Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
Royal Respite Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 October 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Royal Respite Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 October 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2024.
Reference and administrative details
| Registered charity name | Royal Respite Limited |
|---|---|
| Charity registration number | 1178534 |
| Company registration number | 09839162 |
| Principal office and registered | 34 Granville Street |
| office | Gateshead |
| NE8 4EH | |
| The trustees | |
| E Sheperd | |
| DB Bolel | |
| SM Sommer | |
| AYS Davies | |
| Independent examiner | C Frenkel FCCA |
| 158 Cromwell Road | |
| Salford | |
| M6 6DE |
Structure, governance and management
Royal Respite is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 23 October 2015 as a company and the company number is 09839162. It was registered as a charity also on 23 October 2015 with a charity number 1178534. The Trustees in office throughout the year were Mr Dov Bolel, Mr Avrohom Davies, Mr Eliyohu Sheperd & Mr Saul Sommer. They were also directors for the purposes of company law. All trustees give of their time freely and no trustee remuneration was paid in the year.
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
Objectives and activities
The charity/company is established for the purpose of:
-
The provision of services and facilities to ease the suffering or assist the recovery of people who are sick, convalescent, disabled or infirm; by the provision of comforts for patients or by the provision of such services, facilities or comforts for the families/carers of the patients.
-
The relief of those in need, by reason of youth, age, ill-health, disability, financial or the other disadvantage by the provision of accommodation and respite to such persons, in accordance with need.
-
The relief of poverty through the provision of support and respite to improve the quality of life
1
Royal Respite Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 October 2024
Achievements and performance (continued)
of beneficiaries in difficult circumstances compounded by financial difficulty.
- Any other charitable purposes, particularly but not exclusively through the provision of facilities for respite, recreation, and leisure with the object of improving the conditions of life for persons for whom they are intended, provided such purposes are in accordance with the law and recognised as charitable in England and Wales.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
During the year, the charity has effectively advanced its objectives by providing essential food packages and respite accommodation to individuals and families facing illness, disability, and financial hardship. These initiatives have been instrumental in alleviating suffering and improving the quality of life for our beneficiaries.
A significant development this year was the acquisition of a fully accessible holiday cottage - "Galena Cottage", enhancing our capacity to offer extended respite stays. This addition has been well-received, providing a peaceful retreat for those in need and their families. Feedback indicates a positive impact on well-being, underscoring the importance of our expanded services.
In the past year, our charity successfully launched a fundraising campaign to raise funds for the purchase of a holiday cottage. We are deeply grateful to all the generous grant givers who supported this initiative. Thanks to your support, we have acquired a fully accessible holiday cottage, further enhancing our ability to offer respite and improve the quality of life for those we serve. Your commitment to our cause makes a profound difference, and we are sincerely appreciative of your partnership in in this vital work.
We are especially grateful to the Community Foundation Tyne & Wear and Northumberland for their consistent support and showing interest in our charitable activities in providing a number of grants. We are also grateful to The National Lottery Community Fund and The Postcode Lottery for their significant support.
Financial review
During the year, the charity received £131,190 (2023 - £26,991) in donation, £218,096 (2023 - £54,469) in restricted grants and £15,818 in income from charitable activities.
The charity continued distribution of its charitable funds in accordance with its objectives. This year the charity concentrated on the relief of those in need, by reason of youth, age, ill-health, disability, financial or the other disadvantage by the provision of accommodation and respite to such persons, in accordance with need.
2
Royal Respite Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 October 2024
Achievements and performance (continued)
In addition to the provision of respite packages that includes accommodation, travel and food the Charity also continues to provide other forms of respite as needed including (but not exclusive to) catered meals, entertainment packages and community events promoting respite. The trustees expect to continue with their activities in the ensuing year as the charity has low support and governance costs.
There was an overall net surplus in resources during the year amounting to £250,269. Restricted funds carried forward were £272,256 (2023: £21,988) and unrestricted funds £25,882 (£27,997).
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
The trustees' annual report and the strategic report were approved on 01 September 2025 and signed on behalf of the board of trustees by:
AYS Davies Trustee
3
Royal Respite Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Royal Respite Limited (continued)
Year ended 31 October 2024
I report to the trustees on my examination of the financial statements of Royal Respite Limited ('the charity') for the year ended 31 October 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C Frenkel FCCA Independent Examiner
158 Cromwell Road Salford M6 6DE
4
Royal Respite Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 October 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 41,069 | 308,217 | 349,286 | 81,460 |
| Charitable activities | 6 | 5,600 | – | 5,600 | – |
| Other trading activities | 7 | 10,218 | – | 10,218 | – |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 56,887 | 308,217 | 365,104 | 81,460 | |
| ============================ | ================================ | ================================ | ============================ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 8 | 10,943 | – | 10,943 | 5,138 |
| Expenditure on charitable activities | 9,10 | 48,059 | 57,948 | 106,007 | 59,584 |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total expenditure | 59,002 | 57,948 | 116,950 | 64,722 | |
| ============================ | ================================ | ================================ | ============================ | ||
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Net income and net movement in | funds | (2,115) | 250,269 | 248,154 | 16,738 |
| ============================ | ================================ | ================================ | ============================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 27,997 | 21,987 | 49,984 | 33,246 | |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total funds carried forward | 25,882 | 272,256 | 298,138 | 49,984 | |
| ============================ | ================================ | ================================ | ============================ |
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 7 to Error! Bookmark not defined. form part of these financial statements.
5
Royal Respite Limited
Company Limited by Guarantee
Statement of Financial Position
31 October 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 255,832 | 711 |
| Current assets | |||
| Debtors | 16 | 8,341 | 421 |
| Cash at bank and in hand | 37,925 | 50,967 | |
| ---------------------------- | ---------------------------- | ||
| 46,266 | 51,388 | ||
| Creditors: amounts falling due within one year | 17 | 3,960 | 2,115 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 42,306 | 49,273 | |
| -------------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 298,138 | 49,984 | |
| -------------------------------- | ---------------------------- | ||
| Net assets | 298,138 | 49,984 | |
| ================================ | ============================ | ||
| Funds of the charity | |||
| Restricted funds | 272,256 | 21,987 | |
| Unrestricted funds | 25,882 | 27,997 | |
| -------------------------------- | ---------------------------- | ||
| Total charity funds | 18 | 298,138 ================================ |
49,984 ============================ |
For the year ending 31 October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 01 September 2025, and are signed on behalf of the board by:
AYS Davies Trustee
The notes on pages 7 to Error! Bookmark not defined. form part of these financial statements.
6
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 October 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 and Wales. The address of the registered office is 34 Granville Street, Gateshead, NE8 4EH.
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
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.
7
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
3. Accounting policies (continued)
Incoming resources
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.
Resources expended
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.
8
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 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.
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.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
9
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 41,069 | 90,121 | 131,190 | |
| Grants | ||||
| Grants receivable | – | 218,096 | 218,096 | |
| ---------------------------- | -------------------------------- | -------------------------------- | ||
| 41,069 | 308,217 | 349,286 | ||
| ============================ | ================================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 26,991 | – | 26,991 | |
| Grants | ||||
| Grants receivable | 12,500 | 41,969 | 54,469 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 39,491 | 41,969 | 81,460 | ||
| ============================ | ============================ | ============================ |
10
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
5. Donations and legacies (continued)
Analysis of restricted grants
| 2024 | |||||
|---|---|---|---|---|---|
| £ | |||||
| Building Crowdfunder | 90,121 | ||||
| Community Foundation | 10,000 | ||||
| Delapage | 75,000 | ||||
| Donations less than £5,000 | 8,096 | ||||
| The Clothworkers Foundation | 15,000 | ||||
| The National Lottery Community Fund - Awards for all | 20,000 | ||||
| The National Lottery Community Fund - Reaching Communities/Partnerships | – Building | ||||
| purchase | 75,000 | ||||
| The Reach Fund | 15,000 | ||||
| Total | 308,217 | ||||
6. |
Charitable activities |
||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Event income | 5,600 | 5,600 | – | – | |
| ======================= | ======================= | ============== | ============== | ||
| 7. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Other income from other trading | |||||
| activities | 10,218 | 10,218 | – | – | |
| ============================ | ============================ | ============== | ============== | ||
| 8. | Costs of raising donations and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies - Donations | 10,943 | – | 10,943 | ||
| ============================ | ============== | ============================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies - Donations | 4,356 | 782 | 5,138 | ||
| ======================= | ============== | ======================= |
11
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
9. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Charitable expenditure | 16,303 | 41,734 | 58,037 | |
| Support costs | 31,756 | 16,214 | 47,970 | |
| ---------------------------- | ---------------------------- | -------------------------------- | ||
| 48,059 | 57,948 | 106,007 | ||
| ============================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Charitable expenditure | 13,942 | 29,881 | 43,823 | |
| Support costs | 2,442 | 13,319 | 15,761 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 16,384 | 43,200 | 59,584 | ||
| ============================ | ============================ | ============================ |
10. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support |
Total funds | Total fund | |
| directly | costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Charitable expenditure | 58,037 | 47,010 | 105,047 | 59,584 |
| Governance costs | – | 960 | 960 | – |
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | |
| 58,037 | 47,970 | 106,007 | 59,584 | |
| ============================ | ============================ | ================================ | ============================ | |
| Analysis of support costs | ||||
| Analysis of | ||||
| support costs | Total 2024 | Total 2023 | ||
| £ | £ | £ | ||
| Staff costs | 8,680 | 8,680 | 8,024 | |
| Premises | 5,868 | 5,868 | – | |
| General office | 11,079 | 11,079 | 1,678 | |
| Finance costs | 1,233 | 1,233 | 10 | |
| Governance costs | 960 | 960 | – | |
| Legal and professional | 4,291 | 4,291 | 211 | |
| Consulting | 15,859 | 15,859 | 5,838 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 47,970 | 47,970 | 15,761 | ||
| ============================ | ============================ | ============================ | ||
| Independent examination fees | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 960 | 600 | ||
| ============== | ============== |
11. Analysis of support costs
12. Independent examination fees
12
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 8,680 | 8,024 |
| ======================= | ======================= | |
| The average head count of employees during the year was 2 (2023: 1). The average | number of | |
| full-time equivalent employees during the year is analysed as follows: | ||
| 2024 | 2023 | |
| No. | No. | |
| Number of staff - type 1 | 2 ============== |
1 ============== |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
15. Tangible fixed assets
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 November 2023 | – | 711 | 711 |
| Additions | 231,264 | 23,857 | 255,121 |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| At 31 October 2024 | 231,264 | 24,568 | 255,832 |
| ================================ | ============================ | ================================ | |
| Depreciation | |||
| At 1 November 2023 and 31 October 2024 | – | – | – |
| ================================ | ============================ | ================================ | |
| Carrying amount | |||
| At 31 October 2024 | 231,264 | 24,568 | 255,832 |
| ================================ | ============================ | ================================ | |
| At 31 October 2023 | – | 711 | 711 |
| ================================ | ============================ | ================================ | |
| Debtors | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors | 6,046 | 421 | |
| Prepayments and accrued income | 2,295 | – | |
| ----------------------- | -------------- | ||
| 8,341 | 421 | ||
| ======================= | ============== |
16. Debtors
13
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
17. Creditors: amounts falling due within one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 1,612 | 1,515 |
| Accruals and deferred income | 2,115 | 600 |
| Social security and other taxes | 233 | – |
| ----------------------- | ----------------------- | |
| 3,960 | 2,115 | |
| ======================= | ======================= |
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | ||||
| 1 November | At | |||
| 2023 | Income | Expenditure | 31 October 2024 | |
| £ | £ | £ | £ | |
| General funds | 27,997 | 56,887 | (59,002) | 25,882 |
| ============================ | ============================ | ============================ | ============================ | |
| At | ||||
| 1 November | At | |||
| 2022 | Income | Expenditure | 31 October 2023 | |
| £ | £ | £ | £ | |
| General funds | 9,246 | 39,491 | (20,740) | 27,997 |
| ======================= | ============================ | ============================ | ============================ | |
| Restricted funds | ||||
| At | ||||
| 1 November | At | |||
| 2023 | Income | Expenditure | 31 October 2024 | |
| £ | £ | £ | £ | |
| Restricted Fund | 21,987 | 308,217 | (57,948) | 272,256 |
| ============================ | ================================ | ============================ | ================================ | |
| At | ||||
| 1 November | At | |||
| 2022 | Income | Expenditure | 31 October 2023 | |
| £ | £ | £ | £ | |
| Restricted Fund | 24,000 | 41,969 | (43,982) | 21,987 |
| ============================ | ============================ | ============================ | ============================ |
14
Royal Respite Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
19. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | – | 255,832 | 255,832 |
| Current assets | 29,842 | 16,424 | 46,266 |
| Creditors less than 1 year | (3,960) | – | (3,960) |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| Net assets | 25,882 | 272,256 | 298,138 |
| ============================ | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | – | 711 | 711 |
| Current assets | 30,112 | 21,276 | 51,388 |
| Creditors less than 1 year | (2,115) | – | (2,115) |
| ---------------------------- | ---------------------------- | ---------------------------- | |
| Net assets | 27,997 | 21,987 | 49,984 |
| ============================ | ============================ | ============================ |
20 . Amended reports and financial statements
These amended accounts replace the original accounts, are now the statutory accounts and are prepared as they were at the date of the original accounts.
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