Ch•rity v•gi•tralion numbor 274222 Company r•glstrallon numboT 01324318 IEngl•nd *nd Wal••l REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE. EMPLOYMENT LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION LQrny S Haigh S Mostyn E Peppiatt A Perry H T¢omey J Turpin N Wamer D ￿ts11S (Apw'nted 27 20241 IAppoiftl•d 28 November 2023) Se¢rntary S Mostyn c￿lIty number 274222 Company numb•r 01324318 Prfn¢Spal addre88 t¢￿IeY Road Manzil Way Oxfor¢J Oxlordshlre UK OX4 1YH R•glstrred office Cth¥tèy Road Manzil Way Oxlord Oxlord$hi UK OX4 1YH Audhor Rlcharusons Chaflwed AcLX)untants 30 Upper High Stie Thame Oxf¢xd5hire OX9 3EZ Bank• Bardays Lèlc•$t•r LE87 2B8 Solicltovs Blake Mor98n LLP West OxfNd REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED CONTENTS Page Truste¥$' rtport Slalemenl of Iruslees. respon5iblilYès Independent auditorfs T¢Wt 9-11 siatemont of ffinanual ac*'vtties 12 B81anc* shaèl 13-14 Slalemenl ofcash flows 15 Note5 lo the fin8nc4al stslements 16-29 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE. EMPLOYMENT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trust88s present their annual feport and fin￿cIal $tatern•nts frKth* yMr ended 31 Marth 2024. Th8 ffinancaal sialtm8nts have teen prepared In acKJ)rdan¢e with t￿ arxounting Oitsès set out in note 1 to the financial statement¥ and ¢ompty wlh the tharity5 gOV8mlng dowmgnt, the Companies Act 2006 and "Accounting and Roportlng by charl1￿$.. St?1gmgnt ol R•commend¢d Piath'ct applicable to tharities preparing thelr a¢￿UNt$ in eLordance with the Flnancial Reporung Standard ap￿1¢able in the UK and Rekwblic ol Ireland IFRS 1021. leffg¢tive l January 2Q191. ObSo¢tiva And aetlvltS•8 Restore is an OxfordshiTe-ba5ed mental heamh c*arity whth supp)rts peopjts lo lake ¢on1rc4 of th•ir recovery. develop 8kllls and l¢ad mganlngful live$. To thi$ ond. Restore Offe￿ recovery groupB. efflploymerrt Ix>aching and education anti training. Restore 1$ 8 member ol The Oxford¥hirtt lthert81 Health P*rtn8rshlp IOMHPI whith 1$ a partn•rship that fom)alty brings Wethèr si% bc81 menlgl health organis8titsns from the NHS and the ¢harity sector.. Connection Stspport. Elmor¢ Communty Sorvi¢¢5, Oxford Health NHS Foundatlon Trust, Oxfordshire Mind, Rosponse and Restore. R•store has signed up to working rnuth more c4osety wth our partners and wth peDplg who have m8nlal httatth probigms to make il easier for people lo got tho bost po$$ible 5UPPOrt when they need it. R•covery Our seTrices are based on the that people can r¢oJ￿r from the effeLa 01 mental illness on their INe& W& aim lo *ypport people in this re¢￿Very by Addresslng their indivhlual need$, focusing on 61rengths and skills, enabling them 19 l$am to recowr from and leam to live with rnènlal heatth problems #nd prO￿dIng opportunities to partlcipate in Tahabilitation. training ond empk)ymerrt. Inclu•lon We believe that ￿0p14 with m•rttsl problems hav¥ Ihè ri9ht to work and the right lo the 5UPPOrt they ne8¢J to becoff* and remain 8mployèd. Q￿lIty We believe in Tecordirtg our impact, monFtoring our provison, developing our perfom?an¢e, and iMpro￿n￿ our pracliee. We review what we do and en￿u￿age a loGus on contsnuous service improvemont. We are cornmitted lo [￿0{•￿￿10￿#1 in*è9nty. obiéotivity, fairna65 and athieal bu$in881 pracll¢•s. Collop*rdtlon and partn•Yshlp Ow $wvi¢e5 are part of a w¢4er heatth e￿nOmY in Oxfordshire. We ar¢ not the sole 8olutiors for the peoplè whts use our services, and we aro ￿MMitted io wofvjng with other organisations to collaborate, Improve, ￿e￿10p. 8rKI $xpand our servKes for people with rnental heaNh problems in Qxfordshlre. Equallty, Cmverslty, Equlty •nd Inelu8lon (EDE For Restore, EDEI is aboth more than jusl meetin9 our 5tatuiory requirernents, it 13 lundamental to delivering trffeciivè semcès lo those who need us most, understsnding Ih? nèeds of the uJmmunitk8s we are htrre lo supkv)rt. and building Ihe wnfidènee ol all we seNe. Our loryjs moving forward is on engagement. dia109ue and cA)JlabOr8t￿D. to $tren9then our ties wsth dNer$e wmmUn￿.es in Oxford. through work COMM￿lty groups, vojuntary and statutory seGIoT partners. ensuring our service and leaming offers are indu6N¢.. PublK bonèfit The trustees have paid due regard to guidance i88uèd by tht Charty Commlssion In déciding what a¢Aivitles Ihe eharity shouhy undertaka. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 R•covery qroups prowde people with the opportunty lo com8 together in 3 group and WO￿ on their joumey ol rec4very together. They use practical task8 l$u¢h 8$ gatdening. w00th￿rk. otering. art and c¥afts1 to make this possible. Recovery orotsps are supported by a mix of paid stsff, trained volunteer8 and group members them5elve$. The Oxlordshire Recovèry SeNce uJmprl$g5 84ght re￿Very groups In total. Reslore provides recovery groups in six location5. and sulpcontracts delivery at a further two. Th• R•eovèry groups are The Beehi￿ R¢¢ovèry Group, BTwJewell Re¢0￿ry Group (sub conlractÈdl, Eld•r Sfvbbs Recovery GfOUP. Garden Café ReGQV¢ry Group. the Liillemore Rectsvèry Gfoup. The Orth#rd R*eov•ry Group, Rooi and Branch ReCo￿ry Group Isub contraciedl. and Fjett M*ad¢)w Recovery Group. Coachlng is ona lo one support aimèd at enabling thè petson supported to do somethin9 sPo￿r￿. Just like o Recovery Servths, our coaching sttM¢e works in dose collaboration with other Idinical and non4inicall seNces and 5UPPOrt, as Ihis enabl*s ¢oaches to focus on suppo￿.ng the dient in their retum to wort. Coaching o)rJs15ts 01 meeting and an initial discussion wth th¢ ¢liènt and is based on the GROW model. This is folowed by ongoing one to one support aimed at the person getts'ng open ￿ld èmployment or reiuming to work. Oxfordshire Re¢ov?ry Colhge IORCI is an inie9ral part of Restore. whlch Restore host$ on behalf of the wNler OMHP. ORC takes an educational approa¢h to recovery from manial heakh ¢hallenges. The College offers a wide ran9e of coursgs and workshops on rnental health themes as Unéerstanding Depression, Introdu¢t¢oTh lo Mindfulnèss. and c￿al￿e ￿lting. Our courses are free for all. setvlck user3, careers. family aTr¢J triands aeross Oxfordshire. as well as mentsl he•tth profèssSonals, an¢J we all leam tLwJether as equals. offer both online and "in perstsn" eourses al venues acro¥¥ Qxfordshire. A value of the Re¢xivw College is eowproduction. AJI a$p6cts of ORC. from Ihe subject and content ol to the ma￿tting and publKity, to thÈ éelivery of sessions. is cTrproducod and Covdelivered by Experts ol Exper*nce (people w¢th lived *xperience of mental illne851 and Expérts by Training IpTofessionalsl who collaborate together in an equal partnership in order lo improv• th• 8UPF4)rt and $eM¢es that those ol us affectod by mental 11 health need. Our Bludents report that what Ihey find most usefvl about ¢)ur courses is a sense ol conne¢Xion with other students and tutors. and the reali$3tion Ihat others struggle with their merntsl heatth loo but have found strat•gies (o cope. M•ntal H•¥lth FirstAldlWorking wlth M•nt#l H•AIth ResloTe offers both a(xrediled and bespoke Ideveloped with 'w) housg, oxp•rti$el course$ induding Mental Heahh F&rstAid Training, sul￿de Prevenlion Tra¢nirtg to both indMdual$ •nd groups. l ¢ourses are offered in person and online. All our trainers are qualthed lo dejiver our MHFA •nd Sui(ad¢ Prevention aw8diltd courses. AGhi•v•Th*nt• •nd pgrforni#n¢• Signlflcant activitie• •nd achitvem•nts 4y*in*t obie¢tiv•s Trustees. Staff and ¥oluni••rs worked hard during the year l) build our acknwty and seek new sour￿ of fundlng. Given the continuing uncertainly eausèd by th• recovery tr¢)m the c0vir￿19 pandemic. the income budget for 2023r24 was intenl*onally cautious. Th$ year continued to see ex¢8llent rèsutts from Restore's reeovery 9roup$. In toms ol rnembers rnowng on ¥urcessfully into ¥O￿nteering. employment or other meaningful activity. and rating Ihè servlcg high￿. This is part of an ongtyng heamhy consoli(Jation of policy tOW¥Td$ e$toblishlng a more 5tNcturgd tsvfryear programme wrthin groups. en￿￿Taging personal goal setting and aspirational pl8nning from the outset REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 F￿•n¢1•1 rnvl•w Trusttes and senior staff vJntinued to review the budggt T•gul¥rfy throughoul th• year Ma our Fi￿nCe S Comrnfftee. We were part1￿18r1Y CDncern8d aboul the impact ofthe c08t of liwng crisis on staff. and WaTht￿ lo make lure that our pay Tatts rèmalned cornpelibvo wNh other comparabl• employers. TNslees approvad a pay for $tsff from 1 April 2023. Tot81 I￿ome and endowments ha$ irKrea5ed by less Ihon 0.5% 10 £1.986,26412023'. £1,985.8441. Expendiluf• has increased by 2.5°A on Ihe prewous year 8t £2,(A8.752 ¢ornpar8d to £2,017,751 the previou5 ye4r. The def￿t foT the year wa5 £86,666 compared to a (5efiryt 01 £44,014 last year. Grant5 receivable whith indudes inujme from Oxford H￿t[h NHS Foun<18tlon Trust hav8 décreased frorn £1,584.844 last year to £1.424,672 maifjty a$ a result of Ihe IPS serviek and rts staff tran$ferred lo Ihe NHS in Mafth 2023. Our principal funder Bovrce during th¥ year wa5 Oxford Health NHS Fovndation Trust. which acts a$ o co¥)dutt for the statutory fundin9 of mental health servic*s in Oxfordshire. The rxrtent contract wrth Oxf¢fd Heatth ttJrnmn&8d in srfstorn￿r 201S for a minirnurn >y8ar périod. this w•s txtended ta￿'Tr9 it lo end of March 2025. An uplrft tor infflation was induded in Ihe contract ¥xt¢nsion for each successSve fmancsal year. ￿ have also had support from a iaty of other or9anisat*)ns. indiwdua15 and ￿nI prothders. R•s•m* polky 11 1$ tho policy of the Charity that unrestricted lund5 whith havè not been designated for a spec1f￿ usè should be maintained at a ￿Ve1 equivalent io bstwgen thloe and Month's eX￿n￿rtUre. The trusleés consider Ihat Tè5eYves ot this level will ensure that, in the event of a significant drop in lunding. they will be ablè to continue the ¢harWs current adivities while con6ideratior$ Is gNers to ways in whKh addltional funds rnay be rai8•d. This level of reserves has beeA Maintain￿ throughout the yeaT. As 8131 klarL* 2024 the level of Unrestrlcl8(J Funds linduding Oesignaled fund51 stood at £1.186,809 12023.. £1.273,2111. A5 at 31 March 2024. wilhin tolal unr¢stri¢t¢d luntls the level of free lunds was £501,809 (2023.. £588,211). Th0 Tfustèès bèlièvo that reseTve5 are al a level appropriat• to CL)ver expendrture. F17ncipal fUndir￿ sournes B•nèficlah•s Ill 202>24. Restore supported 482 peWe. compared to $10 in 2022~23.Of Ih95¢, 361 wer• nv•J, 325 Ihe powou year. Restore & panners fa¢ilitated a total o17,5D4 attendances al recovèry groups atKI o)achin9 sèsslons, 8,551 in 2022-23. An en¢¢ur8ging 87% of people reported leejing we114UPPOrtad. sli9htty up from 86% in the previous year. Among actwe people during thè pèriod, 65% conduded Iheir enga9ernent with our seNcLs in 202>24, wnpare to S7'A in 2022-23. Notably, 200/0 of th8m trans￿oned into vocations such a$ W￿k. volunteering, or troining, an inerease from 17.5% in the Previous year. Our training t•am delivereil mental hearth programme$, inthdin9 Mentsl Healih Fi￿1 Ald IMHFAI and worw training, to 867 parts"apants. up from 682 in 2022-23. In the acthrnic year 2023124 Iseplembw 2023 to July 20241 Oxfordshii• Recovery College delivered 351 Courses. of which We￿ ir¢ person and half online. Vvè delivered cours85 in person In Oxford, Wtpey, Didcot, and Banbury. 464 Indi￿dual students attended at least c>nÈ eourse at ORC. There were 3096 total Student attendances (this indude5 many indiwdual students atten(Jing muttiple courses) whth roprasents an increase 0138 h attendancé from the year 22r23. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Re¢overy College work this year induded,. launching new courses in N•urodNèrggnt* and Undèrstanding 8ipc4ar, Cwdtivity for C4rer8, 8ThJ Loss, 9ri81 and wèllbètrig. holdlng Student F*odb8ck ￿e￿I$ to identify factors student find most helpful and coproduc• a new Cowse ProspeLtU5. underfaking daia analysis whth $howed 0 51gnifi(*nl intxease in goakbased Out￿M￿ sryJres, indicaling th•t Students take 519nsficant steps towards their goals durin9 the period they attend Gournes al ORC. shcAve>$ing our work on breaking down stvJma at Dorchester Festrvgl. The numbor of staff WL¥king at Restore In Marth 2024 wa$ 49140.4 whol¥ ty'me ¢quivalwii, o)mp*¢d wrth 52 (41.4 whole time equivalent} in Mard12023. Vtrlunto•ni Thi5 year vdunteeTS hours were 8.647 18.751 20231 across Restore. Volunteers contfibule to all aspeets ¥nd actNities ol Restorè and their support is irWalu￿e and greaity appreoated. Volunleerin9 nLmb¢rs exckjde the v¢luni¥ry support of trustees to our work. Memb8rs are sllll baing supported tts be¢tsmè voluntsgrsvknere the rrKJve is beneficlal to both the individual aftd Resiore. Th8 Annual Review will be published separatèly in Novon¥)er 2024. Investments The investmonl with Sthroder's Charity Fix8d Intefèsl Fund ha$ $ubwuonYy be#D dosed ty the prowder. resulting in an unavoidable IDS$ on the investment, From earty 2023 we hove moved Reslor¢'¥ depo¥its lo a new prowder, the Ch3riti*s Foundation deposit plaffomi operalgd by Fla9Stone Group Ltd. This ensures that all d8powls are in UK.based banks and building $¢uetit$, and covered in tull by the FinancAal S$Mex$ comppnsab.on Scheme. This 11 ensurg that Restore can earn competitive rate5 of int8r85t with no ￿VeStment risk. PrIncI￿1 R18ks and Uncertalnti RESTORE continually aceesse$ risk and (Jevebps plans to aijdress Ihttm. In the context of RESTORE thgrtr 8re four main arga$ gf ri$k'. 90vemance an(J compl&qnct Isu¢h os health and $afetyl financial Isuth as nonvrenewal of the OklHP eantract after 20251 operati¢nal1such as the montsl health of people using our seMc•sl eytemal and eThwronmental1guch 83 weather damage to buildui9s1 Each identified risk is giv8n a SCO￿ for the consequèncès and the likelihood of the risk which enables RESTORE to assess the overall risk and appropriately prioftlis8 a¢tion. These risks are regutarty rèvigw8d by Ihe Ch￿f Executlvo and the Chair of TnJst¢es and reFopI further Tnjstees as it sees ffil sud) p9rson$ have to sèek rewele&th at Ihe fwst annual general megtin9 thèrèafteT. Management Is carried out by the Chief ExevJtwe {Le$ky Dwhurstl and Ihe Executive Team, with Ihe $14ff ol &ad) deparifflent. Durkn9 lh8 financial year key man¥gBmenl Personnel wem: Chièf Execulive Officer- Lesley DewhuTSt Director of Finane* & Administration- Martin Catt&mKJltr (to J•ftuary 20241, Soan Garden (from January 2024) None of the trustees has any benefirAal inlerest in the company. A￿ of the trustees are member6 ¢1 th¢ ¢ompany ond guarantee lo wntribute £1 in the event ol a wnding up, Audltor In ac￿rdan¢t With th¢ ￿MpanY's artides. a resolutk¥) PTopos¢ng that RK*ardsons Ch8rt¢fed AffOun￿t5 bo Teapp05nted as audittsr of th* ¢ompony vhll b& put at a G•n•ral Meeting. What W• B•liov• We belie￿ that everyone has talents and abililles, and the capacity lo make a valu?bte Contribution tD the eommunty. We believ• ihal peoplo with men121 hÈJth probJÈms ha￿ thè right io woth and Ihe right lo re￿ve support lo beo)me and remain employeil. We belwe thal the stigma assorialed wrth mental heath probl•ms tjamages the whok community and we work to Challenge Ihis discriminabon. Rostorè exprès￿$ ils Mission, V15h?n and Valu85 in th>s way.. Missio Provide recovery and eoxhing supp¢rt to people with menlal heallh problems wthllst Workin9 %*th the whole communtty to red(Ke the stigma assoc£ated wth mentsl illness Vlslon Woth towards a time p•oplè with mantal heamh probl8ms are fulfy èmpowered lo live meoningfvl live$ VAIu•s Recovery Enabling people to recoverlrom illness and manage their ovm mental heath an(J wellbeirva Support Prowdtng the opponunlts.es to hèlp oursefves and ¢aeh dher Offering a p0s￿Ve luturo where everyone con fulfil their poteMial Empow•mienl Hèlpin9 pèople io b&￿eve thern$eth and what they can achieve Respect A￿OptIng wilhoutjudging as 8*) pérson 1$ unique REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) ICONTINUEOI FOR THE YEAR ENDED 31 MARCH 2024 The tru as. report was apDrov8d by Iiié 8ts*ll crf Tru&é•S. S Haig Tru•t•• Dale. REHABILITATION SERVICES TRUST FOR OXFORDSHIR.E RE- EMPLOYMENT LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who a￿ also the dife¢tgt3 of Rehabilitation Seryices TN$t for Oxfordshire R￿mplOYMen1 timlted for thè purpose of company law. aro rewnsible for preparing Ihfj Tru$tg96' Rèport and tho fin•nryal statements In accordan￿ with applicabk Saw ?nd United Ifing4¢m AceountirvJ St*ndafd$ (Untted Klngdom Generaly A¢c*pted Aceountin9 Pracb"cel. Company Law roquire$ the tfUStee$ lo prgpaTe ffinan￿a1 stal?mgni$ for •ath ffinanrial ye•rwhith give a truè 8hd fail view of the stale of affairs of the tharity and of the incoming resources and appllcalon of r8sources. induding Ihe come and oxp¥nditur$, gf thè charitabjfr company for that y¢ar. In PfgPOring the￿ ffinanoal Statements, the I￿$t**$ af¢ r*quired to.. - 5elod suitaNe aecx)unbng poltcies and then appty Ih•m consl3ténty.' - obser4E the methods on¢ princoples in th• Charities SORP.. . Makè judgements and es¢Lmate$ Ihat are reasonabLg and prudant: stale whether applicable UK A¢¢ounling Standards have be8n tollowed, subipGI to any malèri81 dèpartufes disdosed and explained In the fnancial statements.. and - prepare the financ4al ststements on the going ¢on¢ern basis unk8s It Is Inappropriatè to IKe6umè that Ihe Charity will ¢oniynu¥ in operation. The tmstoes are re$pon¥iWo for keewng adequaté aeeounting rnt￿rdS that dk8do8e ￿th reasonab￿ 8￿r0¢Y at any time the finanual posityon olthe ¢h•rity ontl ènable Ihem (o engjre that Ihe finanoal statements compty with th• Companies Act 2006. They are ?ls¢ responsible f¢r safèguarding the assels ol the charty and htnct for tsking reasonable step6 for the prevention and detection of fr•ud and oth•r ill•gular1b￿. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED Oplnlon We have audrt8d thè financlal staternents ol Rehabilitat￿n Ser￿ts$ Trust for Oxlofdshire Rwmpltsyment Limited (the -c*arity'l for the year endèd 31 March 2024 whiGh ¢omprise the statement of firtana81 activities. the b?￿nCe sheet, the staternenl of cash fiows and notes to thè finan¢yal statements. indu¢*ng signfficant 8¢¢ounting poli￿85. The financ*al reporting framework thai has been applied in th$ir preparation is applicable law and United lQ'ngdom Accounbng siandxrds. induding Finanryal Reporting Standard 102 Th6 Finan¢i81 R•poMng si•ndard Dpplicatsle ffn the UK8nd R&public ollr8lttnd {United ￿'ngdOM Gert¢raly Acxepled Accounting Pract￿1. In OUT opiThon, the finanrial stsiements.. give a true and fair of Ihe statt ol Iho charilabl8 companys affair5 as al 31 Marth 2024 and ol tts incoming r•soLtrces application of resourcès. for the year Ihen ended.. havè teen properfy prepar¥d in accordance wilh United Kingdom Generalty A￿•ple1 Ae£ounting Prxlc4.' arbd ve been prepared in accordance wrth the requirements ofth• Companie$A¢t 2Cth. Basls for opinion We conducted our auttit in aeD)rdan¢è with Interna*'onal Standards on Auditing IUKI IISAS IUK)) and applscable law. Our responsibilth.es under those 51and8rds arè further descibed in tho Auditorfs rgsponslknlihes for tha avdrf of Iha finoncial slatemeftls 5eetion of our report. We ar8 indtpendent of thg eharty in accofdan¢¢ with the ethical requirements that are relevani 10 our audit ol the finantyal $l&tement5 in the UK. including thè FRC'S Ethical Standard. and we have fulfilled othèr etrical responsibilities in accordance wth thgse Tequirements. We balieve that thè audrt ewdence we have obtained Is sufficient and apprppriat• lo prowde a basis fortsjr opinion. Con¢lu¥ions rnlating to golng toncem In auditing the fin3nGial 5talemenls, we have conclvded thal the twsi•e$' use of the going ¢orK8m bosi6 01 accounting in the preparation tsf the financial statsm•TrtS 15 approFYiate. Bas£d on the work wo have pgrfomi•d, w• have Dol identified any malerial uncertaint￿3 relating to events or ndilions that, indiwdually or ￿llectivelY. may cast signifKant doubt on the charity's 8bilty lo c￿ntInUe as a goM19 eoncem for a Period ofal leasi Melve rn￿th$ Irom when thé finan&al statements are authorised l¢x issue. Our responsibibtses and Ihe Te$ptsn$i￿Irf￿ of th• trustees with respec* to going concern are dewb&d in ihe re￿vant $¢¢tions olthis reporL Other Inf0m￿tIon Th¢ information ry)mprises the inlorrnation induded In Ihe annual report other than the f nanri81 stalernents and our audilorfs thereon. The trustèès arè responslble for the other information contalned within Ihe annu report. Our opinion on the finandal slatements does not cover Ihe other infoTm8tKJn and w* do not express any forrn of assuran￿ ¢x)ndusion thgraon. Qur responsibility is lo tsad th¢ olher infomiats'on and. in doing so, consider wnethgr lh8 Other information is materially incJ)nsistent with the financi318tatemtnis or our knowledge obtsinad in the course of IhÈ a￿111, or otherwse appears lo be materially misstated. If we idenlify Suth rn81erial inconsistancies or apparent material misstaternents, we are required to deternine whether this gwes rise to a material misstalement in the financial staternents Ihemselves. tf, basod on thè WO￿ we have performed, we condude that Ihere is material mi$statemenl of this olher infonnalion. we aw reqtsired to report that fact. We ha¥e nothing to report in Ihis Tegard. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE. EMPLOYMENT LIMITED INDEPENDENT AUDITQR'S REPORT (CONTINUED) TO THE TRUSTEES OF REHABILITATION SERVIGES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED Mlttern on whlelt wo •m r•qulrgd to rgport ty •x￿p￿On We have nothlng to r￿Ort in resptrct ol Ihe following matiers In rglabon to whith the Ch*r￿e5 lAc￿unIS and Reports) Regulation5 2008 require u8 lo report to you rf. in our opinion.. the information given in the fin8nc4al Stslemenls is Sn¢onsi8tonl in any material reBpecl with the IrusteÈ$' r8POrt', or suffie4ent acc￿)untIng records have not been kept.. ¢x the financial statement6 are not irb agreornent wrth Iho aeeounting r•eofds-, or wg havo not r￿1ved all th+ infomiation and explanations wa r￿U1r¥ for OUT 4ud¢t. Responslbililies of tnwt•es As explained more fully in Ihe $tolimÈnt of tru3toes' responsibil￿e$, the truslees, who are also the dtrectors of the alanly lor the purpose of company law. are responsitle for the prepaT81ion of th¢ finaneAal statement5 and for being satisfied thal they give a In￿ and fair vw, and lor Such intemal control as the tN$tees deiemine Is necessary to enable the preparation of finanri81 Jt8ternenls thal are frett from rnateiial mi55talemont, whether due to fraud or error. In Preparing the financkql statements, the trustees are re3pon8ibLe for 8$se8*'ng the chailty's ability to continua as a going toncèm. disdosing, 0$ ap￿1¢￿tIo, matttrg ralatèd to going concem an(J using the g￿n9 onr*m tsg8is of arLounling unle&8 Ihe truslees eilhtr intèné 10 ￿ql￿d&tO the ¢harli8blg company oi to cease op8raboDs. or have no realistic allematrv• but to do so. Audltofs mponslbllfties forthe avdlt of the ftnanelal stst•m•nts We have been appointed as auditor under section 144 of the Charitie8 Act 2011 and report in accordance with the A¢# and r91want regulations made or having effecl thereunder. Our objectives are to oblain reasonable assurance about whether the finandal stalements as a whole are free from maierial mi$$t8temtrnt. wh*th*r due to fraud or error, and to iS6ue an audit¢r'$ report that indude3 our opinvJn. Reasonable assurance is a high level of assurance bui is not a guarantee that an audrt conducted in aecordanca with ISA6 IUK) will a￿¥y$ dgtect a material misslalemenl when It exists. Misststemen16 can arise from fraud ¢y error and a￿ con&cSered material il. indiwdually or in the aggregate, they reasonabty be expecl•d lo inlluefiGt oconomic dea8ion$ of users laken on tho basls of th8s• f#)anaal stataments. Th• eXt￿t io whieh our pro¢•dure$ •r• capabl? of d•t•Cllng Irrogulants"•s, induding fraud, is dotw"18d bebw. A further descriplion of our re5pon*biliti8s is aval￿b￿ on Ihe Fiftanci?l Reporting Council's website at. httpsjl %￿￿.fra0rg.u￿aUdb10lsr0sPDnsibS.lltlÈ8. This do$¢ripti￿ ftsnYs6 P•rt ol our auditorfs report. Use of our r•port rhi5 report is made soldy to Ihe charity's trustees, as a boty, in acuJfda￿ wfth part 4 01 th8 Charibes {AccoLrnts and Report51 Regulations 2008. Our audrt woth has been undertaken so that wè might stste to Ihè ¢harity'$ truslees those Matters we are required to state to thèrn in an auditorfs report and lor no other purpose, To the fullest extenl permitted by law, we do noi arxept or as6ume reBPOnSibifrty to anyone other than ihe charrty and the ¢hardy'i tryslees 8$ ¥ body, lor our audil work, forthis 18port, or forth¥ opinions w? have forrn¢d. 10- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE TRUSTEES OF REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED Rlchardsons Chartèrnd Accountants .QA.-..11.-,20 Richardson¥ Chartered A¢￿￿ntants Statutory Auditor 30 Upper High Stfeet Thame Oxlordshire OX9 3EZ Rithardson$ Chartered Acwuntants is eligiblt for appoinknonl as auditor ol Ihe ¢harty by vlrtue of ts eligibility for appointmer¢t as oudilor ol a company under $8ctioft 1212 of Ihe CompaniesArt 20Ce. 11 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE*MPLOYMENT UMITED STATEAIENT OF FINANCwLACTiv￿les INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YUR ENDEO 31 IIARCH 2024 9•ry￿l 2D24 24 2021 152.927 180527 1 7570SI 104.0SS 1.816861 ¥A53 49.576 19.576 TO￿ Irrt•m• 1.956251 28,CW i.M6.254 I.￿ I.8B5,614 281.275 28.254 1.787.177 190.959 1.723.026 77.743 19S.95è 20,1)23 1,143.049 77.74$ 1.?69.213 2,040481 28.Z64 2.M.752 1*7,728 20th 2M17.7S1 1$ 14.17ei 111.9071 13>,4441 141.0141 R•GpndlWvh ortsnd8.' 1 AW12023 SU211 11S.QOD 15th 121gA75 120.055 ie.834 1.332.4•9 $01.&)9 5$9.211 605.Q 1*261 1.JSA75 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flx•d 4*s•ts Tangible assets Inveslments 16 16 21.9 32.450 21,956 Curr•nt as••ts 101.995 17 18 9.489 68.100 1,327.789 19.387 45.147 1.291.694 Debtors Cash al bank and in hond 1.405,378 1.356,428 Creditors: afflo￿nts falllng du• within on? year 19 1147.7821 1169.9481 N•t curlent Ms•ts 1.257,596 1,186.480 Totsi ass•ts l•ss currnnt Ilablliti•s 1.279.552 1288,475 Proviiion for oth8T h'•bilities 20 177.7431 Net aSg•ts 1.201,809 7.288,475 Th• lund$ ofthe charlty RgStri(Xed iTrCLsme fvrtds Unrgslricted funds- general Unrestrict•d fLtnd5- design*¢d 21 1S,OC 501.809 885,000 15,2fj4 $88,211 685.000 1.201.809 3,288,475 13- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE. EMPLOYMENT LIMITED BALANCE SHEET (CONnNUED) AS AT 31 MARCH 2024 The company ts enii¢leo ts the exemp￿0ft Ihe auaii rn¢uirèmem conwmod In sethon 477 of th¢ CompbniÈsAcr 2C•J6 for Ihe ygar gno•o 31 Mgrm 2024. 8ttfjovgn w ab¢it na6 oeen camgd aul unogr 8gcbcn 144 01 Ihe Chonb Act2011. T*• airoetors a¢￿T• th•ir r•spon*￿1￿9¥ fw Mmptyiw with the foquwements of me Companie6 Aa 2W6 Ih r•sPea K¢ a￿o￿Aling recortts anc pTrpar•tson offmanc4al ststam¢nts. The ￿￿rnber5 have noi r•guirno company 10 Obtoli an ¥b¢Yrt of ils finanDo1 ST¥TemoTrts ufidér th? re9vir•m•nts of th• Cornpanies Aci 2￿6 fw th• y•ar In qU9￿10n ￿ aceora4rt8 8ecbon 476. These fin#n¢o1 st*m•nts hav• bew pr•paT•¢J Ir, with th• provisions 4g#ichty• ￿ comwios 8ubJe¢i '.0 the smal compan*$ ro91ffl8. als nts were apkyoveo by IP.e I￿￿51*e$ ori 26.......Tr)..6.Vemkn- 2o%Ly . Ig Company regisirallon 01324318 IEfigknd anc Wal•s) 14 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 Cash Ilows from operating *¢tivittes Cash absothd by operation$ 27 (77.7511 ISS.0331 Inv•stSng actSvlti•# Purchase oltangible fixed a8set6 Pro¢sed$ frwi dl$posal of inw$tmeht$ Inv951mont I￿ome lo￿l¥9d 18,8211 65.367 48,279 49.578 Net cash g•n•rat•d Irom inTrnXtI •ctlvlU 113,646 42,755 N•t ¢osh y￿d In Iln•n¢ino *cUvlli•¥ N•t in¢roa¥olldetr•a*?l in c••h and ¢￿h •quivalants 35.895 112,2781 Cash ano cash equivalènls at be9innin9 of year 1.291.894 1.304.172 Ca¥h cash equivalents atend of year 1.327,789 1,291,894 15- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aeeowrting poII¢ios Charity InfgmiatFon Rehabilitation se￿1ces Tnjst for Oxford$hire Re-employment Limitod is a pnvatè etsrnpany limited by guar8ntee incorporaled in En9land and Wales. The reglstet¢d office Is Cowley Road, M8nzil Way, Oxford. Oxfordshire. OX4 1YH. U 1.1 Ac¢owitiny cOn￿ntIOn The financial statèments fvave beeft preparéd in 8CCOTdaneè wth Ihe charity's governing documenl, the Companies Act 2CIJ6. FRS 102 'The Flnar4c*al Reporting Stanttard applicable in the UK and R8pukAic ol Ire￿nd. I'FRS 102? and Ihe Chaiities SORP "A¢counting and Reportin9 by Charthes.. Slatemenl of Recommended Piadice appl￿ble to charitses preporing their aceKJunts in accA1rdan￿ wrth thè Firtancial Reportsng Stsndard appli¢able in the UK Republic of Imland {FRS 102}'1offecliv8 l Janijary 20191. The charity is a Public Benefrt Entty as defined by FRS 102. Th& finBncial stal*rnents are prepared In s1?rling, whid) 1$ the fundonoj ¢urrew of the charity. Monetary amounts in these finanoal staternents arè rounded to the nearest £. The financial ststemonts have ￿On prepared under the hl¥toiical cosl wnv8nlion. Th* principal a￿)Unting pc4ido$ ¥dopted are set out below. 1.2 Golng eOIK•rn Al the time ol approving the financ¢al stalemenl$. the Irustees have a reasonable expectation that thp charity has 8dÈquate resources lo continue in op8rational existénce for the ftsTeseeable lulure. Thus the trustees C4)nlinu? to adopt the 90ing con¢em bas15 of accounting in preparing the financial slattments. 1.3 Charfiablè funds Unrestricl*d lunds arè avwJabl8 for use at the discretion of the trustèes in bJrtheran¢e of their ¢harttable objectivBs. Restrwd funds are subjeet t¢ $pe¢ffjc eondrfi'ons by donors or orantors as io how Ilw May bè used. Thè purposes and u$e5 of the restricteLI funds are set out in the notes 1¢ the ffinanL?al statemenis. EndLW4ment fund$ 8re subj'ed to specifK o)ndilions by donors that the capital mu81 be m•int?inett by Ihe Charity. 1A Incom¢ Ineome is recognisèd when tho charity 1$ legally enknllgd to il aftèr any perfomance conditions have been me( the arnount¥ rAn be measured ￿lIablY. ond it is probable that In￿Me will be received. All mc*ietary donatsons and gifts are indud•d in the staternent ol finan(xal aclivities when reeeivable. PToMded there are no donor.Imposed re$lri¢tions as to the timing of the r•Lgièd eyp8nditure, in wttich ¢ase r8wgnilKJn is dfrfefTed until thè pre4ondilion has been mel. L•gac*$ ar6 reoJgnised on receipt or othe￿4$￿ rf the charity has been llolified ol an impending di$iribution, th8 amount is known. and receipt is èxpactad. If the amount is not known. th8 1?9acy is treated 85 a eontingenl assgt. Grants for the purchase of fixed assets are cr¢dited to r•stricted Inf¢ming rosout¢es when recewabie. Depreoation ol the fixed assets purchased wth such grants 1$ Charged against thè restricted fund. Revèn￿& orani$ are er•)sts which contrib(rte io more than one athty and support costs whth are not attribulable to a single actmty are apportioned befvtsen thosè aclivilies on a basis consistènt wth thè ust of resources. Central staff ￿$ts ore alltstaled on the basis of tyme spent. and d¥preryolton thar9es are al￿￿ted on the portion ofthe 88s*fs use. 1A T¥ngibl¢ fix•d a88•t• Tangl￿£ fL¥td assets are initiaNy mèasured at cost èntj subsequenlty m&asu1￿ èt cost Or valuation. Det of epie¢iation and any impaimwnt losses. Depreciab"on is rèwnised so 05 to write off the cost or valuation of a5￿tS le$$ their residual values overthéir useful Iwes on the following base8'. L¢asohold land and buildings Plant and equipme Molor vehides ¢ver the teryn of the18ase 25% straight line 25% rèdueing balance The gain or loss arising on the disposal ol an 055el Is determined as the difference befv￿n Ihe $ak prc¢eods and the carrying value of the asset. and 1$ recognised in the statemenl of finan¢ral a¢l1vil￿s. 1.7 Flx4d a¥s•t Inv•stmgnts Fixed asset inv85tments are initkglty mèasured ai Iransaction pnce exdudiNJ tr&ns)thon costs. and are subsequently Measu￿ at fair VAlue at e3ch reporting ijate. Ch¥nge$ in flir value arg rarognised in net incomellexpendilurel tor the year. Transadion costs are expensed as inuJMed. 1.8 Im￿lMI•nt offix*d a•￿ts At each repo￿n9 end date, thè charity reviews the carryTrng amounts of rts langible assets to dèt8rrnuie whèther there is any ind￿t￿n that those a6sels hav8 suffèrèd an impaim)enl loss. If any su¢h Indi￿tKIn 8￿￿1$. the re(￿Verable amount of the asset is eitimated in order to delem)ine the extèrtt of Ihe impaimionl lo$$ Irf ￿Y). 1.9 Stockg stocks are slated at th? Icv4er of cKJst and èstimated selling pricè less costs to com￿ete and sell. Cost comprisés dirt¢t materials and, where 8pplicabk. direct labour ¢osts and those ovethèads tral have been in¢urred in bringing thè stock5 lo their pr•s¢nt lo¢alion and conditson. 11om$ held for distributy.on 81 no or nominal consider8tion are rneastsred the tower of repla¢em$ni Cost and cost. Net realisabl& ¥abJ8 $5 the estimaled selling price less all estim8iéd eosts of ￿mpletIon and eosts to be in¢urrgd tn marketing. selling and distribthion. 1.10 ¢a¥h and cash •qulv4l•nts Cash and cash equivalents include cash in h8nd. deposits held * eall wilh banks. othei short-lerm Iiqu5d investments with orginal malurilies of thrèe month5 ￿ less, and bank overdrafts. Bank ovèrdr4fts aro shown w*thin borrowingB in wrrent liabil￿e$. 17- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 AGGountiw pollcl•s Icontinuod) 1.11 Financial in*truments Thè tharity has elected io apply Ihe prowsions of Section 11 'Basic Finanu* In8lTum•nts' and S￿￿On 12 'Other Fln*)cial Instruments l$$ue8' of FRS 102 to all of ts finanoal instruments. Financial In$trurn•nts are T£￿gnISed in the eharitls baJaneL sheet when thè tharily becornes paity to the ontraclual provis￿n$ of Ihe insfrnmènt. FFnana•l assets and liabiliiies aTr offset. wilh the net arnounis presented in the financial sial¥ments. when there is a legalty enloT¢eable ri9hl to set off ihe recognisfj¢ amounts Ind there is an inlents'on to setite on a n¥t basis or to roalise the a5sei and setde the liability Simumar￿0USty. 8a$i¢ financlal a¥••ts Basic ffinanaal 88sets, which indud& debtors and cash and bank balan¢e$. are initi•lly measw¢d al transaction price includlng transadk)n ￿5t$ 8nd are 5ubsequèntty carriad at arnortised ¢4)st using the effective interest method un1è55 the arrangement ¢onstitules a financtng transaction, where tho irnnsaiaion is m8a5ured at the present value ol the future receipts discounted ¥1 a market rate of interest. Finanual assets assrfied as receivable within one yèar are nol amortised. slc finan¢ial Ilabllities 80$￿ In)￿la1 liabi1it1*8. induding credltors and bank loans afe iniliaHy recognised at transadlon price unless tha arrangemonl constitutès a finan&ng transaction, where the debl in8lwument l5 measurèd at the prèsent value Of the futur* payrne￿s di8￿Unted at a mar*et rale of int•rè$t. Financial liabilities dassthed as payowo within one year are nol arnortised. Debt instrurnents aTe sub$pquenlty carr*d at amorbsed cost. using the effective inleresl tate method. Trade ereditof5 are obligatrons to pay for 9god$ or sa￿lee3 that have been acquirpd in the ordinary course of oper8tron3 from SUP￿leT$. Amounts payable a￿ das5ified as euffenl liabilrtie$ rf paymenl 15 due wthin one yoar or less. If not. they are presented as non.¢urrent Irdbililies. Tradè ¢reditors are recognised initsalty at transaction price and $ubs•qutrntty meaSUf¢d at amortised cost using the effectivg interest fflethod. D•rncognltion of finaneitil l1•bIl￿•% Finanual liabs'lities are dereeAlgni3ed when the charl￿5 COntra￿Ual obllgations exw'r• or are disth•rg8d can￿lled. 1.12 Provislon$ Prowsion5 are iècognised when the tharity has a legal or ¢onslrudve pfysent obligation as o resull of a past e¥ent. rt is probable that the tharily will be iequired to Sett￿ that obligation and a ieliablp estinwte can be made of the amount of the oblwJalion. Th• amount r•wgnise(l as 8 promsion is th6 best estimate ol Ihe consideration reqUI￿d to swtle the prèsent obligation * the ￿pOrting end dale. taking into account the risks and uncèrtaints'es surrounding the obligatth. erè the 8ffe¢l ￿ thè lime value of money is material, the amount expeaed to be required lo sèttle the otAigatwJn IB recegnTrseO at prèsent value. Whén a provision $5 measured 81 presenl value, thtr unwindin9 01 dis¢¥unl is re&)gnisèd Js a finan￿ cost in net incom81lexpendlturg1 in th8 period In whic* it anses. 1.13 Employè• b•n•flts cost ol any unused holiLlay ènb'tJem8nt 18 recKJgnised in thé in whith the emdoyea's seM(e$ are roeeived. T•rmination beneffts are rgcognisèd immedi8tely as an expense when the tharity is dèmonstrabty commrtted to terminate the •mpksym¢nt DI an employee orto provide terrninatK)n b&n8fils. 18- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Criti¢•l •¢¢ounting e*tlmat•¥ Judg•m•nts In the applirAts'on of the charity's a￿nting polirAes. the trustses are requiied to make judgernents, estlmates and assumplK)n5 aboul the carrwng amount of 88sei8 and liab)'Iities that are not readity apparent from other sovr¢es. The estim*es and a$s￿ated assumptions are based on hsslorical exparitnce and olher fa¢tyrs that are cKJnsidered to be relevant Actual r¢$utts may d6ffer from these 8$tlm*t$. The estimates and undedying assumptions are revlowed on an ongolng basis. Revistons lo •¢counts'Trg e5tymalos ar& r•¢ogni8ed in thè period in %thicJi thè estimate is revised where the revision affect$ onty that period. or In th* period of the rnvision and futurè period8 where tha rswsion affe￿$ both eurrent and ftrturè peiiods. Income from donation¥ and l•gaci Unrn$tricted R•strictsd funds lund¥ 2024 2024 Total Unre•trlcted P￿t￿¢t*d funds lund8 2023 2023 Total 2024 2023 Donations at)d gift5 152.927 28.C¥)O 180.927 104,0&8 8.453 112,509 Charitable artlvll•8 2024 2023 Sale o1good$ P8rf¢yman¢e related gr¥nts 332,386 232.217 1,424,672 1.584,644 1,757.058 1.816,861 Perfomionce relat•d 9rnnts Oxford Health Partnership Conlracl Oxford Health IPS Contract Oxford Health F¢rensic Contra Abingdon & Wtney Colboe . MHFA PTtswsKJnfvolunteering 1,355.524 1.362.658 161.225 52.8 7.873 S4.398 14,7SO 1,424.872 1.584,644 These grants ￿¢eiVable are for inwmo arisiryj from cijthcts for seth￿. 19- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ineomo from oth•rtr4dlng •ctlvlli Unmtrict•d UnY•8tri¢ted funds lunds 2024 2023 Oth6r income 6.698 In¢om• fn>rn in￿•1Ments Unr•*trict•d Unrnstrb¢ted funds funds 2024 2023 Renlal ineome Other income 41,670 6.809 43.218 6,358 48.279 49.576 EX￿ndItUr0 on ralslng lund• Unrestrlet•d Ilnre6tr1ctsd funds lund* 2024 2023 Fundr•ltslng and publlGIty Other fundrai&ng costs Staff ¢ost8 6.673 88,657 8.210 81.136 95,330 69.346 Tradin9 ￿$ts Othèr trading activities 185,94S 127.613 Total costs 281,275 196.959 -20. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE. EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Exp•ndltur• on charftsbh •ctlvhl Co•¢hln9 A•￿¥•ry Volunt••r & R•cov•ry trAinlng 2024 Totsl 2024 2024 2024 X124 Dirnct costs Staff c051s Depreciation and impairm•nl Propety ￿$¢8 Dirocl costs Out50urced other costs 125.603 225 9.977 25,234 687.982 7.585 86.217 52.336 159,718 89.511 60.789 670 4.292 183.409 1,057.743 2,014 10,491 12,898 113,384 12,482 91,515 159.718 121,772 7.718 23.543 162.039 1.083.329 74.912 234.34fj 1.554,Wd6 sha￿ of support and gov•man¢e costs not• 91 Support 38.597 Govemance 10.982 25.095 145.333 12,844 221,869 10.982 211,618 1,108.424 220,245 247,190 1.787.477 Anatyils by fund Unrestricted funds- general Re51ri¢Xed funds 183.354 1.108.424 28,264 220,245 247,190 1,789,213 28,264 211.618 1.108.424 220,24S 247,19) 1.787.477 21- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exp•nditur• on charltsbh adlvlt59s IConlinu?dl Prevlous y•ar: Coachlng R¢coY•ry Volunteer & R•cov•ry tralnlng ¢olkg¢ 2023 2023 Total 2023 2023 21123 Dimcl ¢ts•ts Staff e4sls Dopreciation and impaim$nt Property costs Diract co$1$ OutsouKod other¢osts 228.261 2.648 12253) 12.716 587.704 6.977 51,798 78.175 159.756 61.737 104,373 1.256 2,830 8.418 189.904 2,282 5.142 20,842 1,110.342 13,163 57.517 117.951 159.758 1(A,172 13922 10.678 19.835 255,394 944,147 127,555 237,805 1,564.901 Share ofsupptsrt •nd governancé ¢o¥ts I￿• not• 91 Support 33.508 Governance 11,e67 88.237 15,879 28,859 166.481 11.667 3QQ.567 1,032.384 143,434 288,864 1,743.049 Analysls by fund Unreslriclad lunds- general Restri¢tod fund5 294.704 1.020,547 5,863 11,837 143,018 416 264,757 1.723.026 1,907 20.023 300.567 1,032.384 143,434 266,664 1,743,049 Support eo•ts *ll¢x•t•d t¢ •¢livities 2024 2023 Staff eosts Expenses Recurilrnent G*￿rnanCe cosls 176,165 39.161 146.544 7.709 10.228 11,867 10.982 232.851 178,148 Anaty8ed bo￿n. Coachino Rècovory Volunteer & trainlng Recovery Colleg• 49.579 25.095 145,333 12,844 45,173 88,237 15,879 28.659 232.851 178.148 REHABILITATION SERVICES TRUST FOR QXFQRDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 N•t mov•m•nt In funds 2024 21123 The net movemgnl in funds is 3tsted after thaT91n￿l￿ed1tin91.. DeprerAation of owned langible fixed assets 10,494 13,163 11 Tn None of the trustees lor any pétsorts ￿nnected with Iheml reGgi￿d any rfjrnunerats'on or beneflts from the ¢h#rity during the y6ar. 12 Empltyees The averag8 monthly number ol ernployees during thè ygar was-. 2024 Number 2023 Numb•r 52 Employment costs 2024 2023 Wages aThJ salar*s 1.322,585 1,320,022 The¥è wero no empbyges w*ose annupl remunergtKJn w85 mtsre than £60.000. 13 Gthin• •nd lo•¥*• on InV￿tments Unyestrictid Unmtrictsd fvnds funds 2024 2023 Gainslllossesl 81i5ing on.. Revaluation ot investments (4.178) 111.9071 14 T4x4tion The charity is exempt from tsxats'on on its a¢tivil'es bec4use an its income is applied for thariiable purposés. -23- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Tangibl• fixod a•••ts Tot•1 l•nd and bulldlh •4ulwth•ni v•N¢l Colt At 1 April 2023 462.208 8S.876 40.488 568,970 At 31 MaTch 2024 462,208 65,878 40,486 568,570 Deprnclation and impalrment At 1 April 2023 DÈpreo*son eharged in the year 444,378 5.671 57.795 3.188 33.947 1.63S 536,120 10,494 Al 31 March 2024 450.049 35.582 546,614 Carylng arnount Ai 31 March 2024 12,159 4,893 4,904 21,9 At 31 Match 2023 17,830 8,081 6,539 32.450 All tangible fLxed assets were held for charitabl• puwposes. -24- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE. EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Flx•d a•••t Invmtsnonts SchT¢d•rn Co¥1 or v4luitlon At 1 April 2023 Valuatlon ehan985 Disposals 69.645 {4,1781 165,38n Al 31 March 2024 Carrying amount At 31 Mareh 202 At 31 March 2023 69.545 17 Stock8 2024 2023 Finished goods and g¢)ods for re58le 9,489 19,387 10 D•btorn 2024 2023 Amounts falling du• wlthln ono ￿*r. Trnde debiorB Othèr debtors Prepaymonts and accrued in¢ome 46.214 6.516 15,370 27,552 13,325 4.270 68.100 45,147 19 CrtditrJr8: amounts fallSng du¢ vAthln on• y•ar 2024 2023 Other taxation and social security Trade cxeditors Other ttÈdilors Acuuals and d￿erred income 21,186 89,853 26.743 10,000 19.S33 29.473 110,742 10,200 147.782 169,948 -25- REHABILITATION SERVICES TRUST FQR QXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 ProvI￿onI f4v liibiliti•6 2024 2023 77.743 Mov•m•ftts on provl$lon$: VAT proNision 77.743 A provision has been made for VAT Ik3bilitles antieipglsd as of 31 March 2024. rèllecting estimated arn¢unt8 due to HMRC for VAT on supplies and transathions thai occur￿￿ during the PTe*ious )Inanaal years but have not yet Oettn settled. This provision has boen cakulaied based on oxpected Ilabilities. pending eonfirmaiknn or asse5srnent. Adjuslmtrots will be m*J¢ in subsequent perioos rf necessary, based oft the actual amounts payable. 21 R•stsi¢t*d lund$ The re$trlcted lund5 of the ch8rty eomprise Ihe unexpended balan¢23 of donations arxl grants held on trust subject to Sp•rif￿ conditions by donors as lo how they rnay be used. At 1 Aprll 2023 In¢omlng R•gourus At 31 M•rch re¥ou￿ •xpendgd 2024 Othtrc8pilal grants Clovw Trust South Oxon AMtrIT NorthwKk Grant Oxoft Comm Foundallon 8al¢hworth Trust BCA Hedley Grant 4,462 5.802 5.000 14,4621 15.8021 {s.0001 18.01]0) 14.000) 15.IX 1.000 15,000 11,0001 15.264 28,000 128,264) 15.000 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 21 R8stvkt•d fvndl IContlnu•dl Prevlou• yur. At 1 April 2022 Incoming R•SourC￿ At 31 OUfC•S •xpgnd•d 2023 Other capital grant$ Btg Gsve Clover Twsi rtha¢a N￿bury Building Sooety Oxford City Counol Souih Oxon AMHT West Mill Sotar her 8,827 5,802 {4.3651 4,462 5.802 2,500 12,5001 11,1501 13.0001 12.Cl)01 13,5701 1.150 3.000 2,000 3,570 5.OCIJ 2.485 5,000 953 13,4381 26.834 8,453 20.023 15.264 22 Unmtrietod fund•- d•¥lgnat•d These are unreslrieteil fund3 which a￿ mat¥rial lo the charay's a¢tivibes. At 1 April At 31 Marth 2023 2024 685,CilO 685,000 Pr¢viou6 year. At 1 April At 31 March 2022 2023 68$,￿0 685,000 23 Unl￿tric￿d fund* The unrestricted funds ofthe chafity comprise thè unexpended balan￿5 of donations and grants whi¢h are not subject to 5perific contjilions by donors and grantors as io h¢w they may be used. These indude designaieé lunds wthich hav* been set asidè out of unreslriLted fijnds by tho irustees for SPe&r￿ pulposes. At f April 23 comino R•¥ourc•s reiiource8 *Xp￿d•d Gafns and At 31 March 1055È3 2024 Genery41 funds 588.211 1.9S8.264 12.040.488) 14.1781 501.809 27- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Unr•stri¢tèd fund8 IConlthu•dl Pr•vitiu¥ y•ar. At 1 Aprfl 2022 Ine•mlng Rosourc•8 •xp•nd•d G41n$ #nd At 31 Ilarch Jos••8 2023 Soulh Oxfordshirt Building Ser¥￿e Development Property Furtd Gert8r81 funds 275.000 23S,¢)00 175000 164.34S1 275,000 235,000 176,000 196,7891 1,977,191 11.997,7281 111.9071 620,655 1.977.191 1,997.728 111.9071 588.211 The SoLrth OxfordshSr• building fund 1$ to Support the development of 8 pennanent buildtng to serv¢ the people ol South Oxfordshire. The SeNice Developn*r>t fund provides rnontes which can be used to *tempt to expand Ihe ways in whith we rn￿1 the needs of our $eNice u$9rs ano the geographi¢91 Coverage of our servkes. The Prop8rty Furtd 1$ cr•aled to ¢over futurg eXC8PtioThal revenue and cBpital property expènditure. 24 Anal￿18 of n•t ￿1•ts b•knn futsd• unl￿trICt•￿ R•¥tri¢t•d funds Total funds 9ener•l d•61gnat•d 2024 2024 2024 2024 At 31 March 2024.. Tan9btile a55ets curre￿ asselsllliablliD•sI ProMsi0fi5 17.494 562.058 177,7431 4.462 10.538 21,986 1,257.596 (77,7431 S01,809 685.OOD 1S.000 1.201,809 Unroslrfctsd Unr•stri¢t•d funds lund 9gn•ral d•slgn•ted 2023 2023 R••lth¢t¢d fun Total 2023 2023 At 31 March 2023: Tangible o$*ts Investments Cutrenl aS6etslllSabil￿¢SI 27.988 89.545 490,678 4.462 32,450 69.545 1,186.48Q 68S.000 10.802 588.211 685,01)0 15.264 1.288.47S -28- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Op•r•tyng lè*1• eommltm•nts The charty has entered into a lease in respect of its Manzil Way wemises 81 a cuffent annual ffjntal of £44.000 which eX￿reS in 2029 sut4eth to a break dause in 2023. Thb charity lease6 3 phoiocopying machine5, 2 expired in 2023, 1 in 2024. The charity h¥s entered into 8 108$e in respg¢t of its Bant)ury prwnis8s for a lerm 015 years at a current anN81 ￿ntaI 01 £15.Oc￿. expiring in June 2026. At the reporting end date the th8rity had oulstandln9 eommilménts for futur• minlmum lease payments und•r nonllcar¢¢ellable operailng leases, whKh fau due as follows.. 2024 2023 thin one year se￿1$$n and five y••rs In over five years 60,143 191.000 63.143 248.476 66.¢)00 251.143 377.619 26 R￿•t¢d p4rty ￿n$a￿or There were no disdo3able related party transath'ons during the year12023. none). 27 ¢￿h ynernted from opor4tJons 2024 2023 Deflol for the year {86.e661 (44.014) Adjustments lor.. Investment In¢ome re¢ognised in ststemeni ol finanoal idiviies Fair value gains and 105585 on IAvestrn¢n¢5 D•prèaalion and irnpainnent of langible fixed a5s8ts 148,2791 4,17B 10.494 {49.5761 11.907 13.163 Movement8 in workj.no eaprt81'. Dècr•85e in stodcs IlncreasellderAease in debtors (Decrèase) In crèditors (Deereasè) in proM510ris IDecreas•) in dgfgrred income 9,898 122.9S31 122.1661 77.743 6.105 43,542 111,4871 124,6731 Ca*h alJ•orlxd by op•rntion* 177,7511 {SS.0331 28 Analysi$ of changes in n*t lunds The charity had no material debt dunno Iha yoar. -29.