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2025-03-31-accounts

CHARITY REGISTRATION NUMBER: 1189333

Resolve Now Unaudited Financial Statements

31 March 2025

HAFFNER HOFF LTD

Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL

Resolve Now

Financial Statements

Year ended 31 March 2025

Page
Trustees' annual report 1
Independent examiner's report to the trustees 3
Statement of financial activities 4
Statement of financial position 5
Notes to the financial statements 6

Resolve Now

Trustees' Annual Report

Year ended 31 March 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Reference and administrative details

Registered charity name Resolve Now
Charity registration number 1189333
Principal office 14 Linthorpe Road
London
N16 5RF
The trustees
J Baumgarten
M Rothfeld
I Lichtman
Independent examiner Mr D Schwarz FCCA
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL

Structure, governance and management

Governing document

The Charity is controlled by its governing document, a deed of trust and is set up a Chantable Incorporated Organisation (CIO).

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and ensure appropriate controls are in place to provide reasonable assurance against fraud and error The trustees have taken the necessary steps to reduce the impact of any financial risks exposed to the chanty The trustees have served throughout the current period. The power to appoint new trustees is vested in the current committee. No trustee received any payment for their services during the period.

Objectives and activities

The charity's objectives cover the preservation and protection of mental the emotional health, wellbeing and health of young people aged 5-25 years living in north London by providing therapy and mentoring programmes. The charity as well supports the families of young people and their children through anti-bullying programmes and counselling that promote engagement with learning and social inclusion at schools.

Public benefit

The trustees have taken note of the Charities rules and regulations and confirm that due regard has been taken of the public benefit guidance published by the Charity Commission.

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Resolve Now

Trustees' Annual Report (continued)

Year ended 31 March 2025

Achievements and performance

The charity extended its services during the period to the young people who had suffered bullying at school or outside or had mental issues and their families. The charity provided information through leaflets and reception at charity's office.

There were no related party transactions during the year.

Financial review

The Charity received total restricted grant income of £83,200 (2024: £17,625), and donations including unrestricted grants of £27,935 (2024: £55,223). Charitable expenditure was £77,293 (2024: £69,200). The breakdown of the restricted grant income and expenditure can be seen in the notes to the accounts.

The charity had a brought forward balance of £8,755 of restricted funds and received £83,200 of restricted grants this year. It spent £39,230 of restricted funds including the brought forward funds on various projects, including Psychotherapists and workshops, amongst other smaller expenses, leaving a balance on the restricted fund of £52,725, and £19,277 in the unrestricted fund.

Shortly before the year end of 31st March 2025, the charity received a restricted grant of £50,000 from Compass. This was spent in the following accounting year.

The trustees plan to look for more funds in the coming years to extend the charity's services and programmes to its operating areas.

Reserves Policy

It is the charity's policy to maintain cash reserves of approximately six months of their average annual grants, to enable the charity to continue making grants.

The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against charitable activity.

The free reserves comprising of the net current assets amounted to £64,811 (2024: £25,088).

Total funds held by the charity at the year-end were £72,002 (2024: £31,087). Of these £52,725 was restricted and £19,277 unrestricted.

The trustees' annual report was approved on 28 January 2026 and signed on behalf of the board of trustees by:

J Baumgarten Trustee

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Resolve Now

Independent Examiner's Report to the Trustees of Resolve Now

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Resolve Now ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Mr D Schwarz FCCA Independent Examiner

2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL

28 January 2026

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Resolve Now

Statement of Financial Activities

Year ended 31 March 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 27,935 27,935 55,223
Charitable activities 5 83,200 83,200 17,625
Investment income 6 7,073 7,073 744
---------------------------- ---------------------------- -------------------------------- ----------------------------
Total income 35,008 83,200 118,208 73,592
============================ ============================ ================================ ============================
Expenditure
Raising Funds 7 3,169
Expenditure on charitable activities 8,9 38,063 39,230 77,293 66,031
---------------------------- ---------------------------- -------------------------------- ----------------------------
Total expenditure 38,063 39,230 77,293 69,200
============================ ============================ ================================ ============================
---------------------------- ---------------------------- -------------------------------- ----------------------------
Net income and net movement in funds (3,055) 43,970 40,915 4,392
============================ ============================ ================================ ============================
Reconciliation of funds
Total funds brought forward 22,332 8,755 31,087 26,695
---------------------------- ---------------------------- -------------------------------- ----------------------------
Total funds carried forward 19,277 52,725 72,002 31,087
============================ ============================ ================================ ============================

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 6 to 14 form part of these financial statements.

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Resolve Now

Statement of Financial Position

31 March 2025

2025 2024
Note £ £
Fixed assets
Tangible fixed assets 16 7,191 5,999
Current assets
Debtors 17 20,000
Cash at bank and in hand 66,361 6,458
---------------------------- ----------------------------
66,361 26,458
Creditors: amounts falling due within one year 18 1,550 1,370
---------------------------- ----------------------------
Net current assets 64,811 25,088
---------------------------- ----------------------------
Total assets less current liabilities 72,002 31,087
---------------------------- ----------------------------
Net assets 72,002 31,087
============================ ============================
Funds of the charity
Restricted funds 52,725 8,755
Unrestricted funds 19,277 22,332
---------------------------- ----------------------------
Total charity funds 19 72,002
============================
31,087
============================

These financial statements were approved by the board of trustees and authorised for issue on 28 January 2026, and are signed on behalf of the board by:

J Baumgarten Trustee

The notes on pages 6 to 14 form part of these financial statements.

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Resolve Now

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 14 Linthorpe Road, London, N16 5RF.

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 Charities Act 2011.

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 did not require management to make judgements, estimates or assumptions that affect the amounts reported.

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.

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

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:

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:

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.

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

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:

Fixtures and fittings - 10% reducing balance

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.

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Financial instruments (continued)

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.

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. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Donations 27,935 27,935 54,873 54,873
Other income 350 350
---------------------------- ---------------------------- ---------------------------- ----------------------------
27,935 27,935 55,223 55,223
============================ ============================ ============================ ============================
Charitable activities
Restricted Total Funds Restricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Anti Bullying Programme 1,500 1,500
Therapy For Youngsters 21,700 21,700 14,125 14,125
Training For Schools 61,500 61,500 2,000 2,000
---------------------------- ---------------------------- ---------------------------- ----------------------------
83,200 83,200 17,625 17,625
============================ ============================ ============================ ============================

5. Charitable activities

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

6. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Income from investment properties 7,072 7,072 744 744
Bank interest receivable 1 1
----------------------- ----------------------- -------------- --------------
7,073 7,073 744 744
======================= ======================= ============== ==============
Costs of other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Fundraising expenses 3,169 3,169
============== ============== ======================= =======================
Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Anti Bullying Programme 15,000 4,800 19,800
Therapy for Young People 8,281 23,963 32,244
Training for Schools 360 1,230 1,589
Support costs 14,422 9,237 23,660
---------------------------- ---------------------------- ----------------------------
38,063 39,230 77,293
============================ ============================ ============================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Anti Bullying Programme 5,000 1,500 6,500
Therapy for Young People 14,564 9,379 23,943
Training for Schools 1,320 1,321
Support costs 28,168 6,100 34,267
---------------------------- ---------------------------- ----------------------------
47,732 18,299 66,031
============================ ============================ ============================

7. Costs of other trading activities

8. Expenditure on charitable activities by fund type

9. Expenditure on charitable activities by activity type

Activities
undertaken
Grant funding
Support Total funds Total fund
directly
of activities
costs 2025 2024
£ £ £ £ £
Anti Bullying
Programme
19,800
22,639 42,439 35,828
Therapy for Young
People 32,244
32,244 28,043
Training for Schools 1,589
1,589 1,321
Governance costs
1,021 1,021 839
---------------------------- ---------------------------- ---------------------------- ---------------------------- ----------------------------
33,833
19,800
23,660 77,293 66,031
============================ ============================ ============================ ============================ ============================

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

10. Analysis of support costs

Analysis of
support costs Total 2025 Total 2024
£ £ £
Premises 16,900 16,900 15,740
General office 5,739 5,739 13,588
Governance costs 1,021 1,021 840
---------------------------- ---------------------------- ----------------------------
23,660 23,660 30,168
============================ ============================ ============================
11. Analysis of grants
2025 2024
£ £
Grants to institutions
Zorea Tzedokos 15,000 5,000
Grants to individuals
Relief Of Poverty Grants 4,800
---------------------------- -----------------------
Total grants 19,800 5,000
============================ =======================
12. Net income
Net income is stated after charging/(crediting):
2025 2024
£ £
Depreciation of tangible fixed assets 799 667
============== ==============
13. Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,020
=======================
840
==============

14. Staff costs

The average head count of employees during the year was 3 (2024: 3). The average number of full-time equivalent employees during the year is analysed as follows:

2025 2024
No. No.
Number of staff 3 3
============== ==============

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

15. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

16. Tangible fixed assets

Fixtures and
fittings
£
Cost
At 1 April 2024 6,666
Additions 1,991
-----------------------
At 31 March 2025 8,657
=======================
Depreciation
At 1 April 2024 667
Charge for the year 799
-----------------------
At 31 March 2025 1,466
=======================
Carrying amount
At 31 March 2025 7,191
=======================
At 31 March 2024 5,999
=======================
Debtors
2025 2024
£ £
Other debtors
20,000
============== ============================
Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 1,020
840
Other creditors 530
530
----------------------- -----------------------
1,550
1,370
======================= =======================

17. Debtors

18. Creditors: amounts falling due within one year

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

19. Analysis of charitable funds

Unrestricted funds
At At
1 April 2024 Income Expenditure 31 March 25
£ £ £ £
General funds 22,332 35,008 (38,063)
19,277
============================ ============================ ============================ ============================
At At
1 April 2023 Income Expenditure 31 March 24
£ £ £ £
General funds 17,266 55,967 (50,901)
22,332
============================ ============================ ============================ ============================
Restricted funds
At At
1 April 2024 Income Expenditure 31 March 25
£ £ £ £
Restricted Fund 1 8,755 83,200 (39,230)
52,725
======================= ============================ ============================ ============================
At At
1 April 2023 Income Expenditure 31 March 24
£ £ £ £
Restricted Fund 1 9,429 17,625 (18,299)
8,755
======================= ============================ ============================ =======================
20. Analysis of net assets between funds
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Tangible fixed assets 7,191 7,191
Current assets 13,636 52,725 66,361
Creditors less than 1 year (1,550) (1,550)
---------------------------- ---------------------------- ----------------------------
Net assets 19,277 52,725 72,002
============================ ============================ ============================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 5,999 5,999
Current assets 8,504 17,954 26,458
Creditors less than 1 year (1,370) (1,370)
---------------------------- ---------------------------- ----------------------------
Net assets 13,133 17,954 31,087
============================ ============================ ============================

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Resolve Now

Notes to the Financial Statements (continued)

Year ended 31 March 2025

21. Taxation

Resolve Now is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

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