Charity registrdlioD number.. 1190133 Rest Haven Annual Report and FIanCial Staiements for the Year Ended i l March 202.$ Thompson Jenn¢T LLP Statutor) Auditor5 28 Alexandrd I'errace Exmollth Devon EX8 IBD
Rest Haven Contents leontinued) Relereo¢¢ and Adtnini5trative Details Truste¢s' Report 2105 Sial¢meni of T*wsiees' Responsibiliiies Indep¢nd¢ni Audilors, R¢port 710 10 Statement of Financial Activiii¢s Balaiice Sheet Cash Flow Siatement Notes lo the Financial Slaiemenis 14to 25
Rest Haven Reference Administrative Details Chairman J D EIe$tOrt Trllstees B Rocandlin J R Cliapple J D Èggleston N B Heani D O'Lou¥hlin J A L Ru5$ell Q Jackson Nl Belotti Senior M%nagement l Leadersbip T Denny. Mfinager Te#m Charity Regi5tralion Number 1190113 Prillcipal Offict 15 Gu5siford Lan¢ Exrnouth Devon EX8 2SD Actountgnls Thompson JLiiner LLP Chartered A¢iouDiants 28 .41e¥andra Terrace Exmouih Devon EX8 IBD Soliciior5 Magnolia House Church Street Exmouih EX8 IHW Bankers CAF Bartk Limited 25 Kinb)s Ilill Aveiiue Kings Hill keni NIE194JQ P)g¢ I
Rest HaTr'en Trus¢ee$' Report Structure GoTrerngn¢e gnd Manggement Governin% Docurnent RLSI Haven re¥istered as a CIO i¥ith the RL?Isier ot. Charities on Ihe ?6ih June 20?0. Previously under the same nLgnic Ilicre liad beLn a Cliarii) lor sornc 50 )ears. All assLiS aÈid Iiabiliiies ofilie ori¥inal Chariiy were Iransferred io the CIO oil Ilie Isi Aprtl ?0? i Mhen [radinb coiiinienced. Trusiees officers TIIL Iriislees aiid off1iers serving durin8 the year and since the )ear end were a5 follows.. Tru¥te¢s.' B R O Caiidlin J R C'happle J D Fgg1¢5ton B Hcam D O'Lou¥hlin J A L Ru55ell J A Tr¢th¢eN Iresi¥n¢d 20 Jtinuary ?0151 Q Jacksoii lappoiniLd ?? IKpril •0241 l Beloni lapwinled 21 july )O)Si Chairn)an'. J D F.¥gl¢si(I Senior Nlanagern¢nt Lead¢rship T Denny. lnaVr Appointment of Trustee5 "Ihi Trusrccs arc appoinicd hs the Board of Trustccs and niust bc approved by re501ution. The Tru%t Deed pry)vid¢5 for nol l¢ss than fiNe and no mor¢ than ei¥hi Triist¢es Struclure and i%lanageMellt The Tru5te¢s rn¢¢i al least every two months. but iiidiviJuallJ visit th¢ Care Home on a regular basi%. Thc Trusiees deiemiine the polic} and future direclioii of the Ilornt and appoi1115 Ils NqJnag¢r. The implemeniatthon of Ilial poliL> ajid the maiiabjeiiieiit of the home are the responsibility of the rnanager and her staff. All l-rusiees give tlieir lime and ski115 voluiitarily and none Seek any reimbur5ernent of exp¢n5eS. Risk A5$e5$meI Th¢ Tru5t¢¢5 have conliiiu¢d to a55¢S5 th¢ niajor F15ks 10 i4-hich th¢ CIO 15 ¢¥P05ed and Iv iinpleni¢i)t risk mana¥¢tn¢nl Strate¥1¢5. Th¢5r inilud¢ inl¢rnal and ¢xt¢tnal ri5k5 that. if o¥¥urrin¥. QUI0 b¢ Iik¢ly 10 aff¢¥t finanLe nd r¢sciiirc¢s. 51iiffiThg and other 35P¢Ct5 of th¢ wi)rk vf th¢ CIO. The Itusie¢s are satisfied thai procedures and s)st¢tns ar¢ In p14c¢ Iv tn()nilc?r dnd Li)plrol th¢5¢ risks 10 mitigiiie an) ImpaLI th21 the) mai. have on the CIO in its futur¥ op¢r#ticins. Page 2
Rest Haven
Trustee5' Report (eontinuod)
Objecti%es And activitie5
Rest H2ert is an inier-denotninational Chrisiiat) foundation and a non-prc)fit making re8lStered CIO. The
objeLi of the C harity is to r¢li¢ve in casLS of need p¢r5()n5 h{l ar¢ SlLk. Lonialesceni. aged or iiifirm b)
providin4 ld maintaiiiing a ChFlSlian Hi)rne. Rest I laven 15 r¢g151¢r¢d wilh Ihe Care Quality Coinmission to
Ircommodate 34 people.
We have referred to the guidance contained in the ChaTlt)' Commissioner's General Guidance on Public Benefit
when reviewing our ainis and objectikes and in planniniT our future activities.
Public benefil
Wheji planning OUT all1111¢5 lor the }ear ilie Iruslee5 have Lonsid¢red lh¢ Commission s guidance on publi¢
benefit and in panicular. the specific guidanLL 10 cliariiies for the PTOt¢ction tst'ihe vulnerable. I'o iliis end ive
aT¢ wurkin¥ hard io en511re that e¢ry infimi ur a¥Ld indiiidual has the opportunitv to be ¢ared for 10 a high
standard in a safe welcoming environmeni whaiever their backgroiin(l or b¢li¢f.
In planning our projects and activiiie5 th¢ tTUSl¢es haw¢ complied with Iheir duty in section 4 orth¢ ?0 I I
Charities Act to have (lue regard Lo guidance publi5h¢d bj the Charitj Cominission.
Athievement5 and perfomi#n¢e
Resi Haven's good reputatloll 5UPPOrt$ siaff r¢ietttion and helps recruitmeiit driv¢5. enabling ihe maintaining of a
full staff compltmeni. This, whi15t reducin¥ th¢ enhanced eosis of agency slaft. provides for a ¢(?iisislertt and
kpciw'l¢d¥¢able siaiidard of care io be aLhi¢N¢d. All siafryare noy. paid nioiiihly in line with tli¢ JrLI)unlS.
Th¢ prol$lun of separate teams. Itd b> Head5 Qf Depdrtmenis LrLaies high le¥e15 of cornmuniration. and
Impro.ernl5 ¢an b¢ introdllced sLamle5sI) and easil). All staff are irtfvol¥ed ihroug)h team Jneeling5. dail
briLfin8s and individual supervision sesstons. thus ensiiring a high level ()f s¢rvi¢¢.
Our previou5 deputy H(Ime fv1anager retired after 40 year5 of 5¢rviie and was replac¢d by a higlilj skilled and
regarded depi1. The Home Mana¥¢r ihen feli conifonable to uiidergo h05pilal IT¢atm¢ni and subsequent
rehabiliiaiion. knowing ilie lioine i¥as left in iapable haDd5. i¥hilst being aNailable througyli e-mail and lel¢phorte for
advice if required.
Havin¥ expanded the maintenanc¢ d¢partm¢rtt. muLh work ihai previousl) we contracted ou¢. is nttw ¢overed
in-hi)u%e sa¥ine cosis. A dim corridor ha5 been Impn)¥ed with skyli¥his all carried t>ul in-hi)use Saving thousands.
The lift has been fully overhauled. which shttuld alli)1 for j'ears of troiible-free usage.. the r¢pla¢¢tn¢nl of ihe
anliquat¢d radiators with modern cool wall radiatot5 has begun.
Our fund raising hLs, at the date of appruval. Tai5¢d around £85 000 for an extension to a lounKt and £18.500 for a
minibu5. These project5 711 comm¢n¢e in the next finaiicial )eaT.
Our resp2te roorn 15 in high d¢mand. and Ihe coiincil has officially r¢¢ngni$¢d it and funds respite from council
clients. supplementing the privat¢ ¢lienis alread} using it.
Rest Hafven reniains a pleasure to i'1511. finding a tiill home. full), staff
Rest HaTr'en Trustees, Report {continued) Firtatt¢iwl revie Total irJcoming resources for the period were £1,977.7?.3 12024- £?.764..36.1. which incliided operating income of £1,660.904 aiid IraiisfLrs trom the ¥iiSling iharlty totalling £1.103.4fg fi)Ilowing Ilie transfer of its asseis ajid liabilities lo the new CIO.) The jm¢Stm¢rti which tnake up the E¥lraordinary Repair Fund stood at £)4.510120?4_ £31.31 ?). Inv¢stmellts a held with CCLA Inlestinent Klanagemenl Lid. The fiiiaiiiial staiemenis show nei inLomin¥ resuiir¢es 1)f £80.151 fnT the y¢ar l?0)4.. £1.071.1681. resiiliing iti an iJicreasL in fiind balances c2rricd torward. The ii)lal c()5ts of runniiig the Honie coiilinued io escalaie ar a raiL hi4her Ilian iiillatioii. priniarilj dLie 10 inLreased e.xpendiiut¢ parti¢vlarly in the areas of staff. hou5¢k'eeping. energy pro%'ision and repairs ld niainienan¢¢. The Charity s freehold propert). rt-21¢d In 201 s ()n an open mark"¢l basis bN Kltssrs Nleadows. Chartered Surve>iir5 in Extnouth and reappraised b! the Triisiee5 due to the dowllturn gen¢rall) In the propert) mark¢t. Fixed .4sseis and their usage are Show in Note 1.3. of th¢ flnanrial staterntnts. Reseryes Policy Unresiricted $t[v¢S ii)t#ll¢J £ l ?0,453 le¥cludiiig tanoible fi¥ed assets) at 3 Isi IJ larch 7025 1)024.. £66,436) and thi% amciiinl ¥oDlinii¢s 1(} b¢ r¢5tTaiiied bj tlie rapidl% iiiireasino costs of providinn Lare togeilier 1th tlie need io Oll5¢antly upgrade the fixtures aiid fittings Wltliin the Ilome. It IS Slill our $141¢d inteniion lo incre< th¢ unT¢Strict¢d re5er*e5 to cover I months employinent. management and adniinislralLOll C05t5. However no lime expectation has beeii put iti place and the achi¢vemeni ol. Ihai aim may lak¢ maiil years. Page 4
Rest Haven Trustees, Report leontinuedl PIAns for future period$ H¢l¢n Keller stated. 'A bend in the road is not the ¢nd of the road...Unless you fail to make the turn.. So as we keep seekino 5eTric¢ iThpri)vements, we sirive to ensure Ilie staff are eiiiJasTed and informed. Ha'ing ¢arried out fundrdistiig throughout the year. at the dai¢ of approval w¢ have raised £85,000 for an extension to our tnain lounge. This wtll Lnhance and modernise OUT overall facilities. Onre a ¢ontta¢tor is appointed this work. will cotnm¢nc¢ prub)bly next sprin8. At the date of appiov81. £18.500 has been raised for a minibus io eiiable us lo take re5id¢n15 out wh¢n¢v¢r we want lo, not consiricied by ih¢ availabilil). of iranspoyi. Thi5 vehicle 111 be sourced by ihe Elotne laIla8¢T aiid a ITU51ee experienced in this area. We are planning a fete in the Autumn io continue fund raising for the extension, and a crowd funding pa¢ 111 be promoied. H3inlY a large double ruotn which we oft¢n hake had io allow single occupanc) due io lack of dernand. Vé¢ aT¢ goitig to split il into two siH¥l¢s tshich will overall inLrease income looking forward. By incTea5ing orcupaD¢) we have delided io crea1¢ a mnd¢m wel room. providinv morL facilities. Bui ihrou8houi. our core value remaitks,. to provid¢ the b¢si, safest, and most appropriate care to those residing at Resi Haven. within the exi51ing financial restrain15. and lu be kniywi and re¢ognised for those standards. The annual report approved by th¢ trustees of the chariry on . J D Eggl¢ston Chairtnan and tw$i¢¢ Pag¢ 5
Rest Hai'en StAtement of Trustees, Respon5ibilitie5 Th¢ triisie¢s are r¢5pon5ible for preparing th¢ triis1¢¢5' rrport and thc financial 51at¢rnenls in accordanre wilh th¢ Lniied Kingdom Accountitig Standard5 ILntlid KIn¥d0M Generall) AcLLpied Accouniiiig Pncticel ld applicable law and regulaiions. The applicable ti) cliariiies Fequires the trustees 10 prepare finartLial siaiem¢nts foT each f1112n¢ial year 1)ILh give a true and fair kieN%' of Ilie state of alTairs ot. Ihe Lharilw and (Jl. the inLgmin¥ restsuTL¢R 3nd application or r¢sourr¢s of the rharily for that p¢riod. In pr¢paTlll¥ the5¢ financial Slat¢Jn¢nts. th¢ ITU5t¢¢5 ar¢ required to-. select suitable accouniiiig polici¢5 and Iheii applN' rheni con5151eiitly,' obs¢Tr¢ the meihvJ5 and priniiples in the (-horiii¢% SORP. make judgements and e%iiinaies thai are rLasi)tiablL and prudeni. stale whether applilable accounting slaiidard% have bttn followed. subject to any material departures disclosed and ¢xplain¢d tn Ili¢ Iinancial siaiemenis. and prepare the financial statefft¢nt5 on th¢ going concern ba515 unless It is inapprL)priale to presiime that the ch&ritv The Irusiees are responsible lor keeping proper aLLouniing reeords that disclose Miih reasonable accurdCS ai any lime the financial POSillL)n ot. the chariis and cnablL them 10 ensiirc that IhL. finanLial siaiemLnis comply with thc Chfjrili¢% A¢1 201 l. th¢ Charities Illciounis and RepÉ)rtsl Regulations 2008. and the pro¥isions of the consiiiuiion. The Ir1151e¢s art also r¢sp(?n5ibl¢ for Sdl¢¥uardin¥ the ass¥lS C)fih¢ lhariiy and h¢ni¢ fvr ¢akiD¥ r¢abi)nabl¢ steps for the prevention and deieclion of fraud aiid other irregiilartties. The Irust¢e5 ar¢ responsible for lh¢ mainieiianie aiid iniebiriry of the corpoyare and Iinan¢i21 infomaiion included on thL chi?riiable companv's website. Legislation giovernin¥ the preparation and di55emination of financial statemen15 mav diffet from legislation in otherjurtsdiaions. Approked bv the trustees of tlie charity on and signed on ils behalf by.. J D F.gglesion Chairman and tru5tte Page 6
Rest Hai'en Independent Auditor's Report to the Member5 of Rest Hai'en Opinion W¢ have aiidiied the finan¥ial siatemenis of Resr I laven Ith¢ 'chaTIt)-'I lor ihe Jear ended l March ?025. V¢hiLh ornprise ihe Siaternent of Finaniial ,ILIIViIiLS. B4?lance Sheel. Cash Flc)w Statement. and Not¢5 to th¢ Financial Stal¢m¥rtis. including a suTnmari' ()f si¥nifiLanl alcoiiiiling p(Iliri¢5. Th¢ linancial rewrting framework that has been applied in Iheir preparatlon 15 Uniled kingdom Accounting Standards. ¢VTnprising ChariiiLs SORP- FRS 10? 'The Financial Reponing Siaiidard dpplicabl¢ In tlie LTK aiid Repiiblii of Ireland. and appliLable law Iuiiited kingdom Generall>. AL¢epi¢d Accotjiitinb Praclicel. In our opinion th¢ finan¢ial siaiements.. give a true and fair vieiy of the slate of tlie Lhaiiij's affairs as al 31 Marih 20?.5 and of lis incoming resource5 and application of resour¢es. including ils inionie and ¢¥pendiiure, lor Ilie vear then eiided.- have been prop¢rly prepared in accordance with Uniied Kingdom Generall> Accepted A¢iounling Prdctice. and have been prepared in accordance with the Tequir¢m¢nis of the C.harilies Act 2011. Bgsis for opinion We conduil¢d vur audii in accordance 1th Internati(>nal Standards on Auditin8 ILlki IlSA$ IUKII and applieablL law. Our responsibilities un(Jer Ihose standards are further described in ihe audiior responsibilities for the audit ol. the finanLial siaiements section of our report. Ille are independLni of the charity in aci(>rJanL¢ Wlth ihe ethical reqiiirenien15 Ihal are rL'ILkant to our audit of the financial siaiemenis in the Uk, incliiding the FRC-S Ethical Standard. and M-e have fulfilled i)ur i)ther ethical responsibiliiie5 iii aLLordanve wilh Ihese regiiiremeii15. 11 e believe thai Il)e audit ei'ideiiie ive have obtained Is sufticienr and appropriate Iu PTovid¢ a blsis for our opinioii. Conclusior15 relating to going ton¢ern In audilinu the finanLial st2temenis. we hai'e coiicliided thai the ITU51¥¢s use of the going concern basi5 of accoiitiiing in the prepaTation of the financial statenieTIis 15 appropriate. Based th¢ wnrk we have perforn]ed. we habe nol ideniifi¢d an% material uncertaitLtie5 relating to events or conditions that. indiTridually i)r LolleLliC11. maN Last significant doubl (In the chariN's abilit) to continue as a going ¢oniem for a period of at lea51 tw¢li¢ months Irom when the origiiial finaiicial slal¢m¢nt5 ere auihorised for issue. Our responsibilities and the respon5ibililies of tlie Irusiees with respect to 8oiiig7 concern are d¢sLrib¢d in Ilie relevant s¢ctions of ihis report. Other tnformation I'he tr115t¢¢5 are responsible for the other LnfoTma¢inn. The other intomiaiion cotnprises the information included in the aiiiiual report. other ihaii thc finaniial statement5 and our auditor s report thereon. Our opinion the financial stsienienrs doe5 not ci)Trer lh¢ oilier iiifomiaiioii and. e¥cepl to th¢ ¢¥lent oihetmise explicitly stated in our rtpor(. we di) noi express an). torni of assurance coiiclusion ihereon. In connection with oiir audil ()I' th¢ finanLial slalements. our rtspon5ibility is ¢0 read the other infomiation and. in doing so. ¢tsnsider whether the other information 1% maieriall). inconsislLnl with the fLnan¢ial siat¢m¢nts Or our kni)wledge obtained in the audit or oihEf1¥15L appLI?rs lo be tnal¢rially Dii%staied. If we identify such material inLvD%i%tenLies or apparent material niissiai¢nieiiis. we are required lo delerrnine h¢ther there is a maierial rnIS5tal¥menr in rhe fiiioncial 5taleinen15 or a niai¥ritsl missiaiement of the other in(vrniaiioii. If. based on the ivork we hav¢ p¢rfomed, lie coiiclude ihal there i5 a tnai¢rial niisstaremeiii of Iliis other information, Ive are required io report that falt. We have i)othing to r¢port in this re8ard. latters on Vihich vie ¥r¢ required io report by exceplion In the Iiglii of our know'led¥Te and iinderstanding (Il. lh¢ cliarii) and ils eiivironmenl obixined in the course ot. the audit. we hab'¢ not id¢niified material misstaiLmenls iii the Tru51¢es' Report. We have rtothirtg LO report in r¢sp¢ct of the folliiwirtg mallers where th¢ Charitl¢5 IAriuurtts atjd Report Regulaiion$ 2008 reqiiires us lo report to you if. in our opinion.. Page 7
Rest HaN'en Independent Auditor's Report to the leMberS of Rest Hai'en (continued) ad¢quat¢ accounling records have not been kept. or returns adeqiiaie for our audjt hav¢ not been receied from bnnche5 not '15]led by us.. or the lin8ncial siai¢nieiits ar¢ not in agreement with the acrouiitino records and retiirns. or certain disclosures of trustees remunerdiion sp¢¢ilied by law are not mad¢,' or e have not received all rhe infomaiioii and explanations we reqiiiT¢ fur vur audit. RespTrnsibilities of truslees As LxplaiiiLd iiiorL I'Lillv i&1 rhe Siaiemeni of Trubl¢es' R¢5POn5ibilitie5 (set out on paoe 61. the inisiees are responsiblL' for ihL pfLparation ot. Ihe findnLial slal¢ni¢n15 and for being saiisfied Ihai rhey give a Iriie and tair vieiN, arid for such internal Lonirol as the trustees det¢miiii¢ 15 nere553ry io eiiable the preparation of finaiicial starenienis 11181 are trL'e Irom niaierial nitssiaiemeni. wh¢iher due to fraud or error. In prcparing the finanLial 5talernent5. the trusrtes are responsible for assessing the Chariiy's ability Iv continue as a goinu concern. disclosin8. a5 applicable. maiiLrs rtlaied tc) going ¢vni¢rn an(1 using the ¥oing Lonceni basis of acioiiniittg unless ihL Iriisiees either Inl¢nd Iii liqiiidale the charity or to cease operaliotis, or have no realisiic alteniative but to do so. Auditor Respnnsibilitie.4 for the audit of the finncIal 5tatement5 Oiir objLiliiCS are ro obiain reasonable assiiranie abiiul Mh¢ih¢r th¢ finanlial slatetnents as a whole are free Irom material missiaierneni. whether due lo frdud or error. and 10 issue an aiidili)r s r¥pvrt that inLlud¢5 OUT l)pinion. Reasotiable assiirance is a high IL%'el ol-assurattce, bui Is nui a ¥uJraniee IhJl audit r()ndu¢led in accordanc¢ with ISAS l LIKI will alivaws dctCLI a maierial missiaienieiii hen It ex1415 Kli5stalem¢nt5 cali arise froni fraud or error ond are coiisidered maierial It.. Individuall or In th¢ a¥¥r¢¥al¢. they Lould reasonably be expeLttd lo iiifluence the ¢ii)n(Imii d¢L151Lins of list lak-¢n on th¢ basis of Ilie5e linancial staienieiiis. Irregularities. including fraud. are in51ance5 of non-compliance with laws and reglllalions. We design procedures tn linL' i¥iih our rcspoiisibiliiies. outlinLd above. ti) dei¢LI niatenal tnissiat¢Tnenls in re5p¢cI of irr¢giilarilie5. iiicluding frJud. The extent Ic) wlii¢li i)ur pror¢dur¢s are capable of delectiiig irreg7iilariiies. inclLiditi? traiid is dciailed beloi%. The exlevt to whirh the audit Wa5 considered capable of detecting irre%ulArities includin% fraud Our approach to idenrifj.in¥Tr and assessing Ihe risks tst. maierial misstat¢m¢nt in T¢SP¢Ct of irr¢gularitle5. including fraiid and noii-iomplianLe with laNvs and rL'gpulaiions. Wds as frollows the ¢ngagement partner ensured Iliai the enga¥emenl tcarn collectively had the appropriate coinpetence. apabilitie5 and 5ki115 to identify. or recob?iiise non-coniplsance wilh applicable laivs and regulaiions. we identified the la.8 and regulations appliLable to Ihe cliaritw through discussions with directors and otlier nianagLinLiII, and from oiir Lommercial kni)iYled¥e and ¢xperi¢n¢e ofihc sertvr- we focused on specific law'5 and regulations whiLli considered may hav¢ a dire¢[ material effe¢¢ 00 ¢he financial siatemenis or the op¢raiJons L)f th¢ ¢harits'. iniluding the Charities Act ?01 l. taxation 5egi51alion. data proieLtioii. anii-bribery. emplol'mertl, nlrI)nt¢nIJ1. fiT¢ sJf¢ty and health and safety legi51ation' we assessed the exlenl of complianLe with the laivs and reuulations identified above through making enqiiirie5 of maiiag¢tn¢nl. T¢vi¢iYinu liLenses. certiticates and relevant correspondettce including the inspeiiiun of lebidl ¢urre5poiid¢n¥¢-. aiid id¢nlifi¢d laws aiid regulalion5 were communicated within the audit team regularly and the team remained alert lo inslances of non-cornpliance throughout the audit. We as5es5ed the 5usceptibilit) of the chariry s financial siatemenis io mai¢rial miss12temeni. in¥ludin¥ obtainin¥ an uiidersiandin8 of how traud might OCLur. by.. Inaking enquiries of mana¥enienl as to Mhere they considered there a5 susceptibility to fraud. their knoll1ede of aLiual. suspeLied and all¢¥¢d fT3ud.' and onsid¢Ting the sllt¢mal controls in place ro miiisate risks of traud and non-compliance with laws and r¢¥ulatlOll5. Page 8
Rest Haven Independent Auditor's Report to the Nlember5 of Rest Hai'en (continued) To address the risk of fraiid through managemeni bias and override of controls. we.. perfom¢d analyiiLal procedures lo Identify any iinusual or iine¥pe¥ted relationships.. tested journal entries to identify unusual Iian5actions- assessed whether judgctnenls and a5sumpiiorts mod¢ in det¢mining the a¢counting estimate5 were indiralive ¢)fpot¢niial bias.. and investigated the rationale behind si¥nifiLani or unusual iransaciions. In T¢SWrtse 10 the risk of irregularities and iivn-COTnpliance with laws and regulations. we designed procedures whiih iniluded. bui were noi liniiied ro.. agrtting financial sta¢emeni dis¢losures lo underlying supporting documentation.. Teadin¥ the minutes of meetings of those charged w'itji 8ovemance'. ¢nqtJiring of manabjement as to aclual and polential litigation and ilaims," ond reviewkng correspondence with HMRC, relevan¢ regulators and Ihe charity s legal advisors. There are iiihereni limitat10115 in our audit pri)L¢dLir¢s desLrib¢d abuke. The more removed thai laws ld regulations are trom financial iransactioiis. the 1¢55 lik¢l)' it 15 that would become aware of non-Lompliance. .4uditing standards 8150 limit Ihe audit proc¢dure5 r¢quir¢d til id¢nlify noii-c()mpliance with laws and regiilaiions to enquir) ot'tlie direcrors and other rnanagemenl and the iiisp¢Lliort ot. regulatory and legal correspondence. it'any. lattrial mi551aiefflenis Ihat arise due 10 fraud ¢an be harder to deieci th&n those that arise from error as they may involve deliberate concealment or collu510ll. A further d¢s¢riplion of our restM)nsibiltiies Is available on ihe Financial Reporting C.vuncil's websiie ar.. 4w.fTC.org.Iik'auditorsre5pon5ibiliiies. This desiripiion fornis pan of our auditor s report. Page 9
Rest HaN'en Independent Auditor'5 Report to the Nlembers of Rest Hai'en (continued) Ilse of our report ThIs r¢port Is mad¢ svl¢ly l(? th¢ ¢harity ITU51¢es. as a ikndy. in arcordan¢¢ with section 144 of the Charili¢s Act ?01 l and r¢¥ulalioD.s rnJd¢ und¢r section 154 vf Ihat A¢1. Our audit wvrk hds b¢¢n undertaken so that we tnight stat¢ ti) th¢ Iru51e¢s th(?5¢ Matte we aTe r¢quir¢d i() stat¢ to tnistees sn an auditi), report and fi)r nn niher purpose To the full¢st ¢xt¢nt perniitied law. do iiot aLc¢pt or as5Utn¢ T¢Sponsibility to anyone other than ihe Charity aiid ils Iru5tee5 as a Eody, for our aiidit ork, for this report. or for the opinion5 we have fomied. LLP Ir David Tucker Iscnior Siatu¢Ory .4udilorl F()r and behalf of Th()rnp5on J¢nD¢r Ll.P. Stalutory AudilOT 28 Al¢¥andra T¢rTace E.xmouth DLNon EX8 IBD Dat¢'... I,,Iz Page 10
Rest HaN'en Statevnent of Finanei#l A¢tivities for the l'ear Ended 31 March 2025 (Inre5trtrted funds Restricted Tot%1 Income Endow'ments from.. Di)naiioiis and ligacie5 -56.806 56.806 1,903.605 -3.130 14.182 1.901.605 2.8?6 14.18? Investment income Oth¢r incorne 304 Toial income ,9?0.613 1.977,72.3 Expenditure on.. 11.8?8.2441 146.61?) 11.844.0581 146.61?1 Governance activities T(?Idl exp¢ndiiure Gains.'1055¢5 (111 in¥estment assets 11,874.8561 .389 11.890.6701 389 14 Ncl iniome 46,146 87.442 Net Tnoietntnt in funds 46.146 87.442 RtconLililltion of fund5 Toial funds brounlil foTr4'ard 1.0SS.718 15.4iO 1,071.168 Total funds ¢orried forward 1,101.864 56,746 1.158.610 I'nr¢stri¢ted funds RtSLritied funds TotAI 2024 In¢ome ¥nd End0MentS from: Donations wid legacies Charitable a¢tifviti¢s Invrslrnenl iniume 1.092,837 1.650.4?9 l.C)96 19.349 1.650.4?? 1.755 Total income 2.744.955 19.408 ? 764..363 F.*penditure on: Charitable aciivilies GOernan¢ activities 11.647.804) 144.4671 13.9581 11.651.76? 144.4671 Total expenditure Gains..'losses on investment a55ets 11.69? ?711 3.034 1.1.9581 11.696.??91 i.034 Nei income 1.055.718 15.4iO 1.071.168 Nei movemeni in fiinds 1.055,718 1,071.168 Rtttsn¢ili#iion of funds Toial tiinds LarriLd forward 20 .055,718 15.450 1,071,168 Th¢ noi¢s on pages 14 ro ?5 torni an integral part of th¢5e financial Stsl¢mertts. Pagell
Rest Ha%'en (Registration numher: 1190133) Balance fiheet as at 3 l March 2025 202.5 2024 Note Fixed a55et5 981.719 1.004.732 Iniestmenis 14 1.015.410 1.0_)6.044 C urrent assets Debtor5 Cash at bank" and in haiid .345 ?07,88J 74.686 101.444 16 241 ??8 176.1.30 Creditors: .4mounts fallin% due within one vear 198.Oi81 1141,0061 Net current assets .190 -15.124 N¢t #$sei% 1,158.610 1.071.168 Fund5 of the charitTr': Resirktttd iniome Re%iriLIL'd I'unds 20 56.746 I'.nrestrieied income funds l.oii 718 Total funds The financial 51aienitnls on pages I I to ?$ were approTred bj the iriisteLS, and aiiihorised for issue on and sioned oil iheir belialf by.. 10 J D Eggle510 d irnstee J A L Rus5¢11 Tnistee The notes on pages 14 10 ?5 forni an integral pan ot'ihese tinancial siaiemenis. PaBe l?
Rest HaTr'eD Cash Flow. Stalement for the Year F.llded 31 March 2025 2024 Note c.ash flows Irom operating activitie5 Net ¢ash income 87.442 1.071.168 Adjustments to cash flow5 from llon-¢¥5h iitms Transfers in frotn existing charity TanbTible rlssels Tnnsfer5 in from ¢xi5tin¥ rharii}' Inv¢simertts Deprtciaiion Invesimeni income Luss on disposal of tangible fixed assets Revaluaiion of inve5tm¢nts 11.001.8¥01 116.2781 20,979 14 15,8.36 7.084 267 1.1.0341 14 106,843 69,467 Working capilal 4djust¢t% tkcr¢a5e I Inrr¢a5¢I In debii)rs ID¢¢reas¢llin¢reas¢ in trediiors 41.341 14?.9681 174.6861 141,006 17 Nel cash tlows frotn operating a¢iivities 105,216 135.787 Cash flows from inwesting tti*ll1¢S Ini¢resi reLe1able and similar incofftc Purchase of tangible fixed ass¢1s Purcliase of investment5 3.1.10 11.9071 1.755 124.0981 Il?,0001 14 Net cash flows frotn inv¢stln¥ 3¢15V%tI¢s .223 1.14.-1431 Net increase in cash and cash equival¢nlS 106.439 101.444 Cash and cash equivalents ai l April 101.444 Cash and ¢ash ¢quivalenls at i l March ?07.883 101.444 All of the cash flows are d¢riv¢d from continuing operations during the above two periods. The nolcs on pages 14 10 ?) forni an iniegral pan of these fJnanLial siaiements. Page 13
Rest Hai'en Notes to the Financial Statements for the l'ear F,nded 31 larCh 2025 Ateountithg policies Sttemeni of tomplidn¢e I'he financial 51aleinenls have been prepared in accordance IVlTh the second edition of the I'haritie5 Siatement of Recoinmended Practice issued in Ociober ?011). the Financial Reportin8 Standard applicable iii the United kinodotn ajid Repiiblic of Ireland Il.-RS 1021 and the Charities .4ci 2011. Basis of preparation R¢sl Haieii me¢1% the definition of a public b¢rtefii entity under FRS 102. The ac¢ount5 IfinanLia5 5¢aiementsl have bcen prepar¢d under the historical c051 con%¢ntion with items recogpnised al cosi or transaction value unless otherwise stated in the rel¢'all1 not¢l51 to tliese accounts. GoiDg concer The Irustees consider that there are no maierial unLertainites about th¢ charirn's ability io continue as a going Cl)nLern. In¢otn¢ #nd endoments 'oluniaN income inLluding> doiiations. gifts. legacies and grants that pmvtde corc funding or are of a general nature is reio¥nis¢d when the charill has entitlement lu the InLume. Il is probable ihai the in¢ome will be reLeii'ed and Ihe an)uunl ran b¢ Tn¢a5ured with suffi¢i¢ni reliability. Doniiiions llndlegoc'ies Donations and legacies are recogni5¢d on a receivable basis when receipt is probable and the arnount b¢ Ttliably mLasurtd. Grurtls rec'eii'ahle Gr%iiils are recogni5ed when the rharilv has an enlitl¢ment In the fiinds and any condition5 Sink¢d lo ihe grants have bLLn mei. Il'hLr¢ perfomiance condirioiis are attached 10 the grani aiid are yet to be niet. the income 15 recogiiised a5 a liabili¢v and included i)n ihe balance sheei as deterred inLome io be released. Ini'vifmvnl inc'ome DividLnds are reLognised once the dividend has been dellared and nolifilalion has been received of the dividend Expenditure All e.xpenditiire 15 recogn25ed once there 15 a Itgal or constructive obligation to Ihai expendilure. li is probable seitlemeni is required and the amouni can be measured reliably. .411 costs are allocated to the appliLable expenditure heading that aggreg31¢ sirnilar L05ts to that ral¢gT()ry. 11.'h¢r¢ ¢9515 ¢annc)I b¢ dir¢rtlv attribul¢d Ic) partlLular headin¥s they have be¢n allocated c)n a basis ronsisteiil with the use uf resi)uices, with central 51aft' Loyts alltiLaied on ihe basi4 of time speni. dnd depTeciaiic)n charges all(Icated ()n the portion i)[ the asset's use. Other support C051s are alloLaled based on the spread ot'staft'cosis. Chariluhle oL'lii'ilies Cliaritabl¢ ¢¥p¢nditure cornpriscs thase rost5 ii)¢urred by the Charity. ID th¢ delivery of Ils a¢iiviiies and services for its beiieficiaries. li Iniludes both c0515 Ihal can be alloialed directlj lo suLh activities and th05¢ LOSt5 of an indir¢¢i nature necessary to support them. Pa8e 14
Rest Haven Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Governante ¢ostS These include the ic)sis aitribuiable fo ihe charity s complianc¢ with cc?nstilLilionil and siatutoj) requirements. incliiding audit. 5trat¢¥ic managemeni and irusiees meetings and r¢ifftbursed ¢¥penses. Governtn¢ni grnts Gi)venimeiii granis are recogiiis¢d based vn the ac¢rual niodel and arc measured al the fair value of th¢ asset received or receivable. Ciranis are classified as relating either to revenue or to asse¢s. Granis relalitiu) io revenue are recobinised in income ovcr th¢ period in ivhi¢h the relaied costs are Tecognised. Tai#tLOII The charit>. is consid¢r¢d to pass the tests sel out in Paragraph I Schedule 6 of the Fioartce .4ci 2010 and Iheretore it rneets the definition of a Lhariiable compaiij for UK corporaliun tax piirp05e5. A¢rordinglJ, the charity is poienlially exernpt Irom iax8¢ii)ii iii respeLI Ot income or capiial gain5 received 1th1 Lat¢¥ories ¢ov¢r¢d by Chapter.3 Pan I l of ihe Corporation Tax ,4cl ?010 or Seliion 246 of the Taxation of Charyeable Gain5 Act 1992. to the extent thai such incom¢ or gains are applied exclusively to chantablc purposes. Tangible fiyed 5$et$ Indil'idual frix¢d assets costin8 £1.000.00 or rnore ar¢ irtilially r¢¢orded ai Cost. less any subs¢quent accutnulat¢d depreciation and 5ub5¢4ueni aceumulaiLd impaimitnt 1055¢5. Lajid and building5 ¢1¢ pr¢¥ioLislJ inLluded iii the accounts at a revalued amount. Huwever. upon iransiiion io FRS I O? Ilie cliarit). el¢ct¢d ¢0 use Ihis valuation as deemed cosi. Dtprt¢i#tion and gmDrtlSatiDn D¢pr¢¥iatJott is proided on tangible fi.¥ed assets $0 as to 11¢ off the ¢osi or ¥aluaiion. less any ¢slimatd residual value. over their ¢xp¢Ll¢d 114¢ful eLonomiL lilL as follows.. A5$tt e1#5$ Fumiiure and equiprnent Land Deprttiaiion method and rate ?00.0 reducing balance Noi depreLialed Not depreciaied as anv proision would be wholl%' immaterial duL to iheiT long e¢onomi¢ life and high residual value Freehold buildings Fixed as5el inie5tmeNt$ Fixed asset inve5tmeiit5. Oth¢r than prc)¥rammL relaiLd tniestmLiils, are iiicluded al fflark¢t value at the balance she¢1 d21e. Realised gains and 1055¢s on in't$1menl% are ¢al¢¢ilaied as the ditTerence between sales proceeds und their n)arkei value ai ihc start L)f the )'ear. or iheir subsequ¢DI ¢L)si, and are eharged or Credited to the Staternent of Financial .4¢11}ll¢S In tlie period ot'disposal. Unreali5ed gains and Ii)sses r¢pr¢seni Ihe movemeiii in market *alues during the year and are Lr¥dil¢d or ¢harg¢d io the Statement of Finanrial ,4¢livili¢s based on the market value ai the year end. Page 15
Rest Hai'en Notes to the Financial Statements for the Year Ended 31 M4r¢h 202) {cnntinued) Trade debtors Trade debtor5 are atnount5 due frottl Customers for merchandise 501d or services perfomed in the ordinary course of bllsiness. TradL debiors are recobjiiised initialli ai Ihe Iransaciion priLe. They are subsequentl), meastsred ai amonised cost IisinLY the effective inieresi ftieihod. less provisiott lor impaimient. A pri)wision l(Ir ihe impairni¥nl of Ir4d¢ debtUT5 is esiablishLd hLn IliL're is objeLiiie evidence thai the ihariij will ni)I be able 10 cvllecl all amounts due according lo the ori8iiial iernis ofilie releivables. Cash and ¢#sh ¢qui%#lents Casli and cash eiiui¥aleiits comprise cash on hand and call deposiis. and other short-term hiohly liquid in%esiments that are readil>' Lonv¥riibl¢ 10 a known am()unt ofL45h ar¢ subjeLI lu an i115i¥nifiranl ribk vl'Lhiinge in Nalu¢. Trade treditors Tradc creditors are oblibTraii011s lo paj for bjoods or sLrvicts thai liavc bLen aLqUlted in the ordinary Lollf8e of busincss from suppliLrs. AcLounts payable are classified as Lurreni liabilities tf the does noi h?¢ ve an unconditional right. ai the end of the rewning period. 10 defer seiilemeni of the creaiior ftsr ai leasi tIv¥1¢ months aft¢r th¢ repc)rting dai¢. If there is an unLondiiic)nal ri¥hi iu d¢l¢r s¢itl¢m¢rti lor ai least t1e1¢ mviiihs aft¢r Ihe i¢pi)rlin date. they are pr¢s¢ni¢d as niin-¢urrertt Iiabililiets. "rrdde creditors are Teco8nised initiall J al the transacrion price and subseqiieiitl). me&sured al arnoni5ed cost U5in8 the elTective inieresl Ineihod. BorrDwin%s InterL5r-bearing borrowings are inilia12y recorded at fair valiie. nel of transaction costs. Inleresl-bearing borrowings art siibstquenilN' carriLd al amortlsed cost. wilh ihi dil'ferenLe between the proceLds. nei of iransaLtion costs. ld the ainoiiiii due on redLrnpiion bLing reLO8nised as a ihilr¥e io Ihe Siaicmeni ol. Ftnancial ALiiviiies over the period of the relevanr borroiving. Interest expense is re¢ognised on ihe basis of Ilie ¢t'fe¢tiv¢ inieresi method and is in¢lud¢d iii interest payable and sirnilar chargts. BorTowing5 are clas5ifi¢d as CUFr¢nl liabfjlities unl¢s5 th¢ charity ha5 an unconditional right lo defer settlement of Ihe liabtlity for at least twelve mollih5 after the reporting date. stru¢iure Llnrestricted inionie fund5 are general tunds that are available for use ai th¢ Iru5tees diSCTeTion in furtherance of th¢ objeLlive5 of tlie LhaTIty. R¢%lricted in¥om¢ lunds aTe ihose dvnai¥d fi)T use in a parti¢ular area nr lor specilil purposes. the us¢ of whi¢h is r¢5tricted 10 thai arta or purpo$¢. inancial in5trurnent5 TIIL Lhariij onl) has finanLial asseis and fin2n¢ial liabiliiies of a kind IhJ¢ qualify as basic financial instruments. B?sic linancial instrurn¢nts are initiall) recog?n15ed al transaction value and subseqiientl) yn¢aSUT¢d at their 5ettletnent value wilh the exception of the aicuiniilaiion shares held in ihe Charities Investrnent Fund which are tn¢Jsur¢d at fair 'alu¢ through the stat¢tn¢iil (If finanLial ortiN'it¢s. Page 16
Rest HaTr'en Notes to the Finan¢ial Stgtemenls for the Year Ended 31 Mar¢h 2025 (continued) 2 Income frorn donatlolls and legacie5 L'nrestri¢ted fndS Gentr#l Restricted runds Totgl runds Donations and le8acies; D(Itialions from companies, trusts and siniilar proceeds Donalions fTom Individua15 45.000 11.806 45.000 11.806 Total for 202$ 56.806 $6,806 Total for 2024 .a9? 8.37 19..349 3 IncoTne from ¢h*riiable Atiivtties L thrtsiricted rund CeNeral Totgl funds Fees 1.903.605 1.90i.605 Total for 2025 1.903,60) 1.903,605 Total for 2024 1.650.4?? 1.6iO.4?? 4 lrtve51meni intome I'nrestricted funds General Restricted funds Tolal runds Interest receivable and similar income". Inler¢5t receiwahle on bank dewsits 304 i.130 Total for 2025 304 3.130 Total for 2024 1.696 59 1.755 S Other in¢tsme Lnresiricted fund5 Gtn¢r#l Toia)I runds Other in¢ome 14.182 Total for 2025 14.18? P3ge 17
Re.st HaTr'en Notes to the Financial Statement$ for the Year F.nded 31 March 2025 (continued) 6 Expendiiure on thllrii#ble *tll%'ities ('nrestricted funds General Restricted funds Totgl Total 2024 5iaft' Trdining Staff Lnift)rn?s Staff Recruitment costs 9.473 2,760 3.8%! •7.?49 7.144 8.814 3.003 1149.170 2.3?.1 6,?76 9.473 6.733 2,927 4.457 •3.083 7.197 3.8)2 )7.?49 7.144 8.814 3.003 149.170 2.32.1 A¥¥nLy Cusis Rvsid¢nl Activities Il'asie Teleph()ne Staff Costs Couiicil Tax H(?U5¢ke¢ping EJiLrg Food Cleanin 'at¢r Ral¢s PTOte55ional Ftt5 Insurance Traiel Repair and Nlain¢enanie Laund Eqiiipmeni HJT¢ Baiik" Charfpes Posiage. Siaiionery. Computer & IT D¢pre¢iaiio R¢gT15¢ration C05t5 Loss of disposal of fixed assets Subs¢rip¢ions Donation 3.420 2.?13 5.434 40.07: 84.664 10.468 16.478 5.982 7.660 133 110.355 445 95,469 9.494 16.467 9.•46 8.673 167 9.49J 16.467 9.?46 ,67) 167 159.459 3.452 18.54$ 60 3.690 17?453 18.545 60 16.0.16 3.690 12.?61 15.8i6 5.902 7,084 1,44) 16.619 20.979 4.060 13.461 5,90? 7.084 2.375 ?40 1.8?8.!44 1.844.058 .651,76• £1.8?8.744 of Ihe charitable expenditur¢ was froni lh¢ unr¢strict¢d fund 11024.. £1,647,804> aiid £15,814 170?4.. £j.9581 Ivas from the rcsiricied fvnd. Pa8e 18
Rest Hai'en Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 7 Ang1!'515 of goi'ern*net #nd support COSt5 Governance ro$t$ IlnTe51ricted funds General Total funds SiatYLOSIS abies and salari¢5 Audjl fees Audit of the tEnancial statements Other fees paid io auditors 34,439 34,439 4.920 4.920 Totgl for 2025 46,612 46,611 Total for 2024 44,467 44.467 8 Nei itseomlnOUtgolg resource5 Net iiicoming rksources fur lh¢ >'ear inrlude.. 2024 Audit fees Other non-audit ser¥ice5 Loss on disposal of tangible fixed assets Depreciation of filed asseis 4,320 9.649 ?67 ?0.979 7.253 7,084 15,836 9 Trustets remuneralion and expenses No trusiees. nor anN' person5 conn¢cl¢d with them. have received an). remuneration from the ¢hariiy dllring the period. No tr115tees have rer¢iv¢d any r¢imbursed e.xpenses or any other b¢n¢fit5 fri)m the ihariiy dllrinu the period. Donation5 tnade by the triistees wiihoui aiiy condition5 attached lolall¢(J £500 for th¢ J¢ar120?4- £Nili. Page 19
Rest Haven Notes to the Financial Stalements for the Year Ended 31 March 2025 (continued) 10 Si#ff cos15 Th¢ a[egate pajroll Costs were as follow5.. 2025 2024 Slgff tOSts during the vtar were.. W'-agkes ld salaries SoLial seLuriiJ ¢osts Pensior) Losis Other staff costs 1 ?10,259 10? 991 ,116.6?4 88.?08 56.856 37.200 1.416.943 1 ?98.888 Staff costs for governanc¢ aCtIltIeS represenis aLtiviiv levels of 509/0 1?024 - $1) of the Cost tsf employing the Adtnini5traiors. All other staff apart from maintenanie statT ar¢ Considered t• be dirertly or indir¢ctl> etnplo)ed to care of the residents. Th< monthl% average niimber ofr. persons Iin¢luding 5¢nTor nianag¢ni¢nt I l¢ad¢T5hip tcaml eniployed bv the charity durin¥ th¢ )ear eXPTe59¢d as lull tini¢ ¢quiN'alents wa5 as follows.. 2024 No Pr()i'ision of c.are Admlnistralion Mainieiiance 50 47 -54 4_3 11024- 391 of the abov¢ ¢mploJees parti¢ipai¢d in ihe Defined Coniribulion P¢nsion Schetnes. ContributlOll5 to the ¢Tnploy¢e p¢n5ion 5chernes for the year tolalled £70,35912024- £56.8561. No emplo%ee rec¢ifv¢d ¢molumenis of more than £60.000 during the year The total ernploye¢ beiiefit5 of the key management personnel of the charity were £46.7?012024- £59,309). I l Auditors, reuneratIOn 2025 2024 Audit of the financial statetnents 4.920 4.320 Other (ee5 to auditor5 All oth¢r non-audii serviccs 7.25.1 9.649 12 Tax*tion The charity is a re¥isi¢r¢d ¢h)rity and is Iher¢for¢ exempt from taxatiors. Page 20
Rest Haven Notes to the Financial Statement5 for the Year Ended 31 March 2025 (continued) 13 Tangible fixed #svts LAnd and buildings F'urni¢uTe *Dd equipment Total C05t At l April 2024 Additions Disposals 919.567 ?2).214 1,907 165.2591 1.907 65. 591 Ai 31 KlarLh 20?5 919.-507 158.862 1.078.4?9 D¢pr¢tiaiion Ai l April ?0?4 Charge for the Jear Elirninat¢d on disp)sals 137.049 15.8_76 158,1751 117.049 15.8)6 158.1751 At 3 1 Nlarch 2025 94.710 94,710 Net book value At ) l [arCh 20?5 919,$67 64,152 98.3.719 Al ? l [arch 20J4 919.567 85.165 1.004.732 Page21
Rest Haven Notes to the Financial Statements for the Year Ended 31 March 202.$ {continued) 14 Fiyed asset in>estments Other tave5tment5 Lisle iniestJnents Total Cost vr I'¥lualion Ai l April 10?4 R¢valuation 31.312 -189 31.31? At 31 Nlarch 20)4 .11,701 Net book I'alue At I l la[ch 2025 Ai .3 l NlaTrh 2024 The inv¢sim¢nis. h¢ld io th¢ LIK. ar¢ all arrutniilatlQll 5hare5 in the Charitie5 Inve5ttnenl Fund. IS Deblor5 202.$ 2024 Trade debti)rs Prepayrnen15 OihLr debtors 19.780 14.065 46.286 10.598 17.809 74.686 16 C'ash and tgsh t4u1mIeiS 2024 Cash at bank Other cash and cash equivaleiils 207.795 88 99.438 2.006 )07.883 101.444 Pa8e 27
Rest Haven Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 17 Creditor5- #mounts falling due within one year 202.$ 2024 Tradc creditor5 Other iaxaiion ond so¢ial security Other creditors i9.066 ?4.087 11.969 55.960 69.264 A¢¢ruals 141.006 IS ObligAtions under lea5e5 hirt pur¢h*se contrAct5 Operating legse commitment5 Total future mininiurn lease paynienis under non-¢ancellable operatyng leases are as follows.. 2024 Other Wiihin one year Between one and five ycars After five )ears 19.619 69,158 19.619 88.777 108.396 19 Pension other schemes Defined eontribution pension 4rheme Tlie chariN operdtes a defined contributTon pension scheme. The pension c05t charue for the year TepSentS ¢oniributions pavable by tlie charity lo the svhetne and amounted 10 £70.3591?0?4- £56.8561. Contribulions totalling £5,3091?0?4- £5,9)91 were payable to the scherne at the end orth¢ year and are included in creditors. Page ?3
Rest Haven Notes to the Financial Statements for ihe Year F.nded 31 March 2025 (continued) 211 frunds Other rerognised gahnsll1055e5} Balgn¢e at 31 %lJrch Balance gt I April 2024 Incoming resources ResouTce5 expended Unrtsiricted funds De.>i¥n4led Tangible Fixed As5et5 983.580 977.965 Generul Geiieral Funds ,9?0.61_3 11.869.?411 -389 ?.1.899 Total unresirktled funds 1.055.718 1.910.61i 11,874.8iOI -389 1.101.864 Restricted fund5 TaTigibl¢ Fi¥ed .4sseis Minibus fund New Lounge leal doiiaiions 7.918 12,1641 5.754 45.000 445 6.i99 45.000 14441 113.2Ui Atn¢nili funds 7.532 7?6 Total restricted fund5 1 fj.4iO $7.110 56.746 Tot21 funds 1.977.72i 11.890.6701 i81) l.li8.610 Other re¢ognised gAins1110sses} Balan¢e at 31 Ilarch 2024 Balance at I April 2023 Incoming resources Resources expended Unrestricted funds GLnLral 2.744.955 11.692.?711 i.Oi4 .055.718 Resiritttd fund5 19.408 13.9581 15.450 Toi*l funds ? 764.-)6j 11,696.?•91 1.071.168 The s¢IfiC purp05¢5 for which the funds are lo be applied are as follow5.. Restricted funds includes Branls from David Gibbon5 Fouiidation. Lorain¢ I"rust and The N'orn)aii Fatnily Tru51 for the lounsre e¥l¢iisioii work to commeniordie the trust's former chair. Page 24
Rest Haven Notes to the Financial Statement5 for the Year Ended 31 March 2025 (Continued) 21 An#lv5i tsf net a$set$ between funds Ilnrestricted funds General Total funds Jl Nlarch 2025 RestTlCted fund5 Tangible fixed assets Fix¢d asset inesttn¢nts Current assets Curreni liabiliiies 974,220 31,701 19.1,981 198.0381 9.499 983.719 31.701 47.247 198.0381 Toial net asseis l.lQl,864 56,746 11nreslri¢ted funds General Total fund5 8t 31 .Ilarch 2024 Restricted funds Tangible fixed asseis Fi.xed asset investments Current assets 9fj2,858 11,874 1.004.732 172.$54 141.0061 3,576 176.130 1141.006 Total Ret a55¢t5 1.055.718 15.450 22 An#lvsis ol nei funds At l April 2024 Fininring r#sh flows At31 Trl*r¢h 2025 Cash at bank and in hand 101.444 106.439 ?07.883 Net debt 101.444 106,439 )07.883 Ftnanting ¢2sh flow5 At 31 Ilarth 2024 2023 Cash al batjk and in hand 101.444 101.444 Net debt 101.444 101.444 23 Related partv transaCtiOll5 There Mere no related party Iransa¢iions in rhe year, Pag¢ 25