Chaiity registration number 274222 IEn9land Wales1 Company registration number 01324318 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED LEGALAND ADMINISTRATIVE INFORMATION Tru$t09S L Gtay S Haigh S Moslyn N Wame¥ Mr C Evans (Appoinied 26 November 20241 Secretary S Moslyn Charity number 274222 Cornpany number 01324318 Principal address C(F•Aey Road Manzil Way Oxford Oxfordshwe UK OX4 1YH Reg15tered office coW￿Y Road Manzil Way Oxford Oxfordshire UK OX4 1YH Auditor Richardsons Chartered Accountants 30 Upper Hvjh Slreet Tharne OxfordshiTe OX9 3EZ Bankers Barclays Leicest8r LE87 2BB Solicitors Blake Morgan LLP W8sl Way Oxford REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED CONTENTS Page Truslees, re￿rt ststement of truslee5' resrKJnsib1lit￿S Independent 8udilo¢s reptyl 8-10 Statement ol finanoal activilies Balan￿ sheet 12 Statem8nt of cash fiows 13 No18s lo the financial statements 14-27 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 trustees present their annual rew)rt and finanaal statements for the year ended 31 March 2025. The financial staletnents have bees) prepared in ￿ydance the accounling policies set out in note 1 lo th8 financial staiernent5 and comply with the charity's goveming docufflent. th8 Cofflpanies Act 2006 8nd 'Accounting nd Reporting by Charities". Statement of Recomrnended Practice applirAble to tharities preparing their a¢¢ounts in accordance with the Finanoal Reporting Siandard applic2ble in the UK and Republic ol I￿land IFRS 1021. leffecb.ve 1 January 20191. Objèclives and activitie$ Restore is an Oxfordshire-bas8d mental health charity which suptK>rt5 peWe lo take control of their recovery, develop skills and le8d meanirKJful lives. To this end. Reslore offers recovery groups. ernpk)yment coa¢hin9 and education 8nd training_ Restore is a member of The Oxfordshire Mental Health Partnership IOMHPI which 15 a partnership that formalfy brings together six local mental health organisations from Ihe NHS and the ¢harity $ector' ConnectiorTr Support. Elmore Community ServKes, Oxfofd Health NHS Foundation TrusL Oxfordshire Mind. Response and Restore. Restore has signed up to working much more dosely wth our partr￿rS and with peO￿e who have mentsl health problems to rnake it eaS￿r for people to gel the best Possible 5UPPOrt when they need IL Recovery Our services a￿ based on the belief that people can ￿0)Ver from Ihe effect of mental illness on their lives. W8 aim lo support people in this recovery by addressing their indmdual needs. focusing on strengths and skills. enabling Ihem lo learn lo re¢over from and leam lo liv8 th mental heatth problems and providing opportunities to participate in rehabilitation. training and employment. Incluslon We believe that people with mental h8allh r￿lemS have Ihe nghl to work and the right to the SUPPOrt they need to become and remain empbye¢Y. Quallty We believe in recording our impacl. nM)nitoriThJ oui proviwn. developing our Ferlom7anc8, and improving our pr8cIic8. We review what we éo and encourage a focus on continuous servKe improvement. We are o)mmitted lo professional integnty. objectivty. fairness and ethul business practices. Co-operation and partnevship Our services ale part of a wider health economy in Oxfordshi￿. We a￿ noi the sole soluiw)n ftsr the people who use our services, and we are committed lo wor￿n9 with other organisations to aAlaborale, improve, develop. and expand our services for people ￿￿th mental health problems in Oxfordshire. Equality, Diversity. Equity and Inclusion IEDEII For Restore, EDEI is about more than jus¢ meeting our statutory requirements. it is fundamentsl to delivering effective services lo those who need us most, understanding the needs of the communit￿s we a￿ here to 5UPPOrt. and building the collfidence of all w8 serve. Our fcKus moving forward is on engagetnent. dialogu8 and collaboration. to strengthen our ties wrth diverse comtnunities in Oxford. through work with cornmunily groups, vdunlary and statutory sector partners, ensuring our Se￿ice and learniro offers a￿ induswe. Public benefit The Iruslees have paid due regard lo guklan¢x issue(I by Ihe ChaFty Com¢nissiorb in iJ8ading what activities the charity should undertake. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recovery groups provide people wlh the Opp￿rtunity io come togeth8r in a group and work on their joumey of recovery together. They use practical tasks Isuch as gardening. wrM)dwort. ¢alering. art and crafts) to make this possible. Recovery 9roups are supported by a tnix of paid 51aff, trained volunteers and group rr*mbers themselves. The Oxfordshire Recovery SeThrKe cornprises 8wht rerA)very groups in totsl. During the year. Restore provided recovery groups ITh Six locats'ons. and sub-contracls delivery at a further two. The Recovery groups aTe The Beehive Recovery Group, Brid8well Recovery Group (sub contractedl. E￿e1 Stubbs Recovery Group, Garden Cafe Recovery Group, th8 Litdemore Recovery Group. The Orthard Recovery Group. Root 8nd Brar￿h RerA)very Group Isub contracted), and Fleet Meadow Recovery Group. Coaching 15 one to one SUPKX)rt aimed al enaNtng the pet50n 5UPPOrted to do 50tnething speufic. Just like our R8covery SeNice$. our coaching Ser￿￿ works in dose collaboration with other Idinical and non-dini¢all seNic8S and support. as thi5 enable5 coache5 to foDJs on supporting the client in their retum to work_ Coaching ¢onsists of a meeting and an initial discussion with the dient an¢J is based on the GROW nTh)del. This is folbwed by ongoino one lo one support aime(l at the person getting open paid employinent or relumiry to woth. Oxfordshire Recovery College IORCI is an integral part of Restore. vrtlich Resto￿ hosts tsn behaff of the wder OMHP. ORC takes an educational approach to recovery from menw heatlh chalknges. The College offers a wide range of courses and workshops on mental health theme5 such as Understanding Depression, Intr￿uctIon to Mindfulness. and Creative Wrrting. Our courses are free for all. seMcÈ users. cAreers. lamily and friends across Oxfordshire. as well as mental heatth professionals. and we all leam together as eouals. We olfer both online an 'in person" courses al venues across Oxfordshite. A key value of the Recovery College is COf>roduclion. Nl aspects of ORC. f￿M the subject and content ol COUTses, lo the marketing and publiuty. lo the delivery of sessions. is C￿prodUCed and £frdel￿8red by Experts of Experience (people with lived experience of mental 111nes51 and Experts by Training Iprofessionalsl collaborate lojether in an equal partnership in order to improve the support and servKes that thtsse of us affected by rnenial ill health need. Our students report that what they find r1￿$1 Useful atx)ut our courses is a sense of connectK)n with other siudents and tutors. an(J the realisation that others stnjggle with their mental heatth to) bul have found strateg￿$ to ctrpe. Mental Health Flrst ￿d￿oI￿ong wSth Mental Health Restore offers bolh accrediled and bespoke (developed with 'in house. eKperbsel courses induding Mentsl Hearth Fiwt Aid Training, Suicide Prevention Training lo bolh indlwduals and groups. I courses a￿ offered in person and otdin8. Al our trainers are qualif￿￿ io deliver our MHFA and Suiode P￿ventIon accredited courses. Achievements and perforniance Slgnificant activities and achievements agarnst obje¢tive$ Trustees. staff and volunteers worked hard dunng the year to build our aCt￿lty and seek new Sources of funding_ GNen the continuing uncertainty caused by the recovery from the Cov1￿19 paThJemic, the income budget for 2024125 was again inlenlionally cautious. The year continued to See excellent results from Rest￿e'S recovery groups. in terms of metnber5 tnowng on successfully into volunleenng. employtnenl or other rneaningful actiwty. and raiing the service highly. This is part of an ongoing healthy consolidation of towards esiablishing a more sbwcture¢ twtryear programme within groups. ericouraging personal goal settin9 and aspirational planning fr(Mn the tyJt5el. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FSnancSal revlew Trustees and senior staff continued lo review the budget regularty Ihroughout Ihe year vi8 our Financ8 Sub- Committee_ We were particularly ￿ncerned about the impact of the cost ol liwThJ crisis on staff. and wanted to make sure that our pay rates remaine(J compelitNe with other rA)mparable eM￿0YerS. Rel$0￿.$ Trustees approved the organisation t*coming an Oxford Liwng Wage Employer. wilh thKs imKlernented lorall staff frorn 1 Apnl 2024. Total income and endowments has inueased by less than 4.40A lo £2.073.51912024.. £1.986.2641. Expenditure has increased by 9.2°A on the previous year at £2,258,915 Compared lo £2.068.752 the p￿VIouS year. The ¢Jefiut ftr the year was £185,396 compar8d lo a defi￿¢ of £86.666 last year. Grants r8C8ivable wh￿h indudes income from Oxft)rd Heallh NHS Foundation Tnjst have de¢yeased from £1,424,672 last year lo £1,448.362. Our principal funder source during the year was Oxford Health NHS Foundation Trust. which acts as a conduit for the statutory funding ol mental health servi￿5 in Oxfordshire. Th8 currenl contract wth Oxford Heallh commenced ID September 2015 for a minimum 5-ye8r ￿r￿. this was extended taking rt to end of M3rth 2025. with a further two year extension lo March 2027. An u￿1ft for inllation was induded in the contracl exlension for each successiv8 financial y8ar_ We have also had support frotn a wariety 24. An encouraging 84 /• of people retM)rted feeling welkupported, slightty fvom 87% in the pre￿ouS year. Our training team delivered rnental health programmes. indudin9 Menial Health Firsl IMHFAI and workplace training. to 885 partiopants, up from 867 in 202>24_ In the ac2demi¢ year 2024125 Iseplember 2024 to Juty 20251 Oxfordshire Re(x)very College deliVe￿d 330 courses. of whid) ha￿ were In person and haw online. We delivere(l ￿￿r5e$ in person in Oxford, Wilney. Didcot, and banbury. 480 indivi(Jual students attended at least one course at ORC. There were 2.628 total student attendan￿$ (this includes many Individual sludeTrts attending mults'ple ¢cwrsesl with 90.kn of students Teported finding the courses very useful and 77% of siudents re￿ed improvem•)ts in managing their own health and wellL*ing at their six month review. The number of staff working at Restore in March 2025 was 51 141.22 litne equwalentl. coThpaTed wth 49 140.4 whole lime equivalentl In March 2024_ REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Volunteers This year vdunteers hours were 8.004 18.674 20241 acros5 Restore. Volunleers coniribute to all aycts and activities of Restor8 and their Supp￿ is invaluable and gr8atty appre￿ated. Volunteenng numb8rs 8xdude the voluntary SUPPOrt of trustees to our work. Members are still being supported to becomè volunteers where the rnove is benefiual to both the indmdual and Resiore. The Annual Re¥￿W wll be publishe(l separately in November 2025. Investment$ From earfy 2023 Re5tore'5 deposits are invested in the charib.es Foundation dep051t plafforrn operated by Flagstone Group Ltd. This ensu￿$ thal all dep05it5 are in UK-based banks and building societies. and covered in full by the Financial SeNces Compensation S￿￿rne. Thi5 will ensure thal Restore can eam o)mpetits"ve rates of Inte￿$t wlh no Inve51rDenl risk. Prfjnelpal Risks and Uncertainties RESTORE continually accesses risk aThJ devekjps plans to address them. In the context of RESTORE there are four main areas of nsk". govemance and compliance lsu¢h as heallh arKI safety) financial (such as non-renewal of the OMHP contract after 20271 operational (such as the menta1 health of people using our SenfI￿$) external and environmental (such as weather damage ¢0 building51 Each identified risk is given a SCO￿ for the consequences and the Iikelih(x)d of the risk which enables RESTORE to assess the over￿1 risk and appropriately prioritise action. These risks are regvlat1y reviewed by the Chief Executive and the Chair ofTruslee5 and reported to the Board. Plans for futvre pe￿0￿$ Strategic planning Is an ileralNe process lor RestOTe. Based ￿ Restores Theory of Change. Twstees and staff base planning on a clear Set of priortties for the organisalk)n_ The impa¢ls Restore sets out to achieve lo￿$ on improving the mental health and wellbeing of aclulls across Oxfordshire as well as challervJing stigrna and Influencing policy that affects mental heath. Restore's Stralegic PLan is reviewed annually 8nd obJectNes set, projecting forward 3 years al a time. Key pnoritie5 for the forthcorning financial year I￿r￿de.. Work with partners towards a long term ttJnlra¢t for the Oxfi￿d$hi￿ Mental Health Partnership IOMHPI Contsnue to rewew and ￿fresh Resto￿.$ ￿ro¥ery rn£NJel Develop more ¢ommuAity and place-based offers for underseThed rxYnmunil¢es. with a focus on prevention and reducing relapse Iwnprove recovery opportuni¢ies lor youn9Èr people and older adults Continue to develop tre Oxfordshire Recovery College wth new. c(wroduced (x)urse$ Support more people lo move into lor back inlol educabon. training 2nd meaningful IK¢upation Enhance staff development and wellbeing at Resto￿. to improve Teuuitrnenl. relentson and progression Ensure Equality. Diversty and Inclusion a￿ consistenuy embedde(J in Restore's culture. services and ways of working Grow and deepen Restore's supporter communty by ttsing ¢ampawJns, our website and CRM more inlelligenlly to broaden our reach and build meaningful. ￿0-WaY engagernent Translate engagement Into 5UStainatAe income. Incxeasing grants. regU￿r givin9. campaigns and events so that supporter relationship5 clearfy contribute to Restore's Iw-lemi financial resilien REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure. governance and management Restore 1$ a charity and a company limited by guarantee and owne REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. are also the directors of Rehabilitab"on SeNices Trust for Oxfordshire Re-employmenl Limited for the purpose ol company law. are responsibk for preparing Ihe Trustees, Re￿rt and the finan¢ial statements in accordance with applicable law and United Kingdom AC￿>Unt1r￿ Stsndards IUniteTh. The trustees are r8sponsible for keepTrng adequate accounts'ng records that disdose with reasonable accuracy at any time the financial posit￿￿ of the charity and en8￿e them to ensure thai the finanoal 51alements comply wth th8 Companies A¢t 2006. They are also responsible for safeguarding the assets of the tharity and hen￿ for taknng reasonable steps for the prevenlion and detection of fraud and other irre9ularibes_ REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED Opinion We have audileij the finanoal 5tstemenls of Rehabilitat1￿ SeM¢es Trust for Oxtordshife Rtrernploytnent Lirniled Ilhe 'charity'l for the year ended 31 March 2025 whieh comprise Ihe ststernent of financial activities, the ba18nce sheet. th8 slat8rnent of cash fiows and notes to the finanoal statements. induding significant a(xounting polic￿$. The financial reporting framework that has been applie(J in Iheir preparation is applieable law and United Kin9dorn A¢¢ounling Slandaids. including Financial Reporbng Standard 102 Tre Financial Repoknng Standard applic8ble in the LIK anLI Republic of Irel8nd (United KiThJ¢kn Generally A￿epted Accounting Practice). In our opinion. the financial stalemenls-. gwe a true and fair view of the stsie of the tharitable comp3n￿5 affairs as at 31 March 2025 and of its incoming resources and application of resources. for the year Ihen ended.. have been properfy prepared in accordance United Kingdom Gen8rally Accep18d ACC￿nting PractKe'. and h8v8 been prepared in accordance wrth the reqUirem￿t5 of CompaniesA¢l 2006. 8asls foi tsplnion We conducted our audit in accordance wth Intemational Siandards on Auditin9 IUKI IISAS IUKII and applScable law. Our responsibilities under those standards are further described in the Audilorfs ￿SpOn￿bIl￿es for the audif of Ihe financial stalemenls section of our report. We a￿ Independenl of the thafity in accordance wrth the ethical requirernents th8t are relevant to our audr( of the financk41 statements in the UK. induding the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibili￿eS in accordance with thèse requirements. We believe that the audil evidence we have obtained is sufficient and appfopriale to provide a basis for our opinion. Conclu$lon$ relatlng to going concern In auditing the financial statements. we have conduded that the tnjstees. use of the going CA)ncem basis of accounting in the prepaTation of the financial state￿￿ts is appropriate. Based on the work we have perfomied. we have not identffied any material uncertainties re12bng lo events or condilions that, individually or collectively. rnay cast ￿gnIfiCar)I (kjubl on the Charity's ability lo Continue as a going concern fcy a period of at lea51 twe￿8 months from when the financial staietnents are authorised for issue. OUT responsiai11ties and the ￿spOnsIbl1￿.es of the trustees with respect to going cOn￿M a￿ described ill the relevant sections of ihis report. Other information The other inforrnalion comprises the infomwts.on indTJJed in Ihe annual repNt other than the financial statements and our auditorfs ￿pOrt Ihereon. The irusiees are responsible for the other informabon contsined within the annual report. Our opinion on the financial statements does not cover Ihe other inf0rrnatl￿ and we ¢Jo not express any form of assurance conclusion Ihereon. Our responsibility is lo ￿>￿ the other inforrnation and. in doing so. consider whether the other infom)aknon is materially inconsistent wth the finanaal stalemenls or our knowledge obtained In the ¢ourse of the audit. or otherwise appears to be materially misslated. If we idenb.fy such material inconsistencies or apparent material misstatements. we are wuire(I to delefmine wthether this gives rise to a material rnisslalement in the financial slatemenls thernselves. If. based on the work we have performed. we conclude that there 15 a malenal misslaternent of this oth8r informabon. we a￿ requi￿ to rermyi that fact. We have nothing to ￿port in Ihis ward. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED Matter5 on which we are required to report by Èxceplion We have nothing lo r8POrt in respec¢ of Ihe followng matters in ￿lation to which the Charpbes IAcLY)unts and Reports) Regulations 2008 requi￿$ us to report lo you if. in opinion". the informats.on given in the financial statements is incutsistÈnl in any matwial respect with the trustees. report", or suffi¢ievt accounting records have I￿l be*n k8pL or the finan¢ial slaternents are not in agreement wrth the accounting r￿(￿d$.. c we have not received all the information and explanaDons we requir8 for our audiL Respon$iblllties of trustees As explained more fully in the statement of trustees. ￿spOnsi1N.jlD.es. Ihe Irusle8s, who are also the directors of the charity for the purptsse of company law. a￿ responsib￿ for lh8 preparation of the finanpjal ststeTnent5 and for being satisfied that they gNe a true and fair VEW, and for such inlemal contrd a5 the tNslee5 deterrnin8 is necessary to 8nabl8 the preparabon of financial stalements that a￿ [￿e frotn tnaterial misstatement. whether due to fraud or error. In preparing the finanaal stslements. the trustees are responsible for assessing the charity's ability to Continue as a going concern. discbsing. as applKable. matters related to gtyng COr￿M and using the going basis of accounting unless the trustees either inleFKJ to liquidate the charitable company or lo ￿0$e operations. or have no realistic altemative but to do so. Auditor'5 responsibilities fortht audrl of the financial statements We have been appointed as auditor under section 144 of the Charitses Act 2011 and report in accordanc8 Wlth the Act and relevant regulations made or having effect therew*er. OUT o*'eclives are lo obtain ￿asonable assurdnce atrKJut whelher the financial staternenls as a whole are free from malerial misslalemenl, whether due to fraud or error. and to issue an audilorfs r8FK)rt that indudes our opinion. Reasonab￿ assuran￿ 15 a high level of assuonce but Is not a guarantee that an audit conducted in accordan wth ISAS IUKI will a￿ayS delecl a material missiatemenl when il exists. Misstatements can arise from fraud or error and are eonsmjered material rf. individually or in the aggregate. they could rea￿nablY be expeded lo influence the economic decisions ol users taken on the basis ol these finanoal siatemenis. The exlenl to which ovr prlxedures are capable of dete¢bro Irregulari￿"e$. I￿udIng fraud, 15 d8tailed below. A further des¢riptv)n of our responsibilits.es is available on the FÈnanrAal Reporbng Counol's web51te at". httpsjl www.fr¢.ory.uklauditorsresponsibililies. This description forn￿ part ol our audiiorfs repc¥t. Us& of our report This report Is made s￿elY to the charity s trustees. as a tK)dy. in a[Xx)rdan￿ with Part 4 of Ihe Charities (Accounts and Reports) Regul8tion$ 2008. Our audit w(xk has been undertaken $0 that we tnighl state to the charity's trustees those matters we are ￿qUired to slate to them in an auditor-s ￿pOrt and for no other purpose. To the fullest extent permilled by law. we do not accept or assume ￿SPOnsIbl1rtY to anyone other than the charity and the charity's tru51ees as a body, for our audit work, for Ihis reFOrt, or for the opinKX)s we have forrT*I. REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED Jemima King Isgn Statutory Auditor) For and on behalf of Richardsons Charter8d Accwntsnts. StatutoryAvditor Richardsons Chartered Accountants 30 Upper High Street Thame Oxford5hire OX9 3EZ Date.. 25111129.25... Richardsons Chartere(l A¢countsnts is eligible for aprx)intmeAI as auditor of the charity by virtue of its eI￿lbIlIty for appointment as auditor of a company under secb.on 1212 of lh8 compan￿SA￿ 2(X)6. 10 ¢n Tr- 17> 0 7J W7J - O) UJ ¢yJ o J c unts payable are ClasSrf￿d as uJrrÈnl liabilities rf payment is due within one year or less. If not. they are presented as noTrcuThent liabilibes. Trade fftd51ors are re¢ognised initially al transaction price and Subsequently measured at amorbsed cosl u51ng the effectwe interest rnethod. Dfrrè¢ognition of financial liabilities Financial liabilities a￿ derecognised when the chwity's (y)nlr8clual Ob1￿Jab0ns expire or are dis¢har9ed or cancelled. 1.11 Provision5 Provisions a￿ recognised when charity has a ￿gaI ￿ o)nslruclive pr85ent obli9ation as a result of a past event. il is probable that the charily will b8 requI￿d lo setuè that Obl￿at￿)n aThJ a reliatA8 8Stimate ¢an be made of the amount of the obligation. The amount reetyJnised as a prO￿$10n 15 the best estimate of the 1x)nsiderat￿ reouired to settle the present obligation at the ￿por11￿g end dale. iakin9 into account ihe risks and uncertainlies 5ufTounding the obligation. Where the effect of the time value of m(x5ey is material. the arnount expected lo be required 10 Settle the obligation is recognised al p￿sent value. When a provisK>n is meastsred al present value. the unwinding of the discount is recognised as a finan￿ ¢osl in T￿1 inc0m81{expendilu￿I in the peri(xJ in which il anses. 1.12 Emplt>yee benefrts The cost of ally unused holklay enltuement is recD3nise 15.000 3.300 600 15.000 1.00 9.000 6.000 3.692 1.000 13,3001 16001 115,0001 11,01)01 19,0001 16,0001 13,6921 11,0001 15.C 39.592 139.5921 15,000 Previous year= Al 1 Aprfl 2023 Incoming resources Resources At 31 Mar¢h expended 2024 Other Capital grant5 CloverTrust South Oxon AMHT Northwick Grant Oxon Comm Foundation Balchworth Trust BCA Hodley Grant 4.462 5.802 14,4621 15,8021 Is.0001 18,0001 14,0001 4.(K)O 15.000 15.000 11,0001 15.264 28.C4)0 128,2641 15.(K)O -24- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 20 Unrostricted funds- deslgnated These are unrestricted funds bthich are material to Ihe chwivs activities. At 1 April At 31 March 2024 2025 685,000 685.000 Previous year= At 1 April At 31 Mar¢h 2023 2024 685.000 685.LYJO 21 Unrestricted funds The unreslrieted funds ol the charity comprise the unexp8nded balances of donations and gr8nls which are not subject lo specrfic condibons by doncys and grantors as lo how they may be used. These indude designated funds whi¢h have been set aside oul of ￿n￿StriCted lunds by the trustees for specifie purposes. At 1 Awil 2024 Incomln9 Yesources Re50urc8S expended Galns and At 31 March losses 2025 General fvnds 501.809 2.033.927 12.219.323) 316.413 Previous year- At 1 April 2023 Incoming Tesources Resources expended Gains and At 31 March 105ses 2024 G8neral funds 588.211 1.958.264 12.040.488) 14,1781 501.809 The SOU￿ Oxfordshire building fund is 10 5UPPOrt Ihe develownent of 8 permanent building to Serve the people of South Oxfordshire. The servi￿ Dev8k)pment fund provides monies which Can be used lo attempt lo expantj the ways in which we meet the needs of our service users and the geographical coverage of our semces. The Property Fund is created lo cover future excepbonal revenue and capital property expendilure. -25- REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets betweèn lund5 Unrestricted Unrestri¢te fvnds funds general destgnated 2025 2025 Re$tri¢ted fund$ Total 2025 2025 Al 31 March 2025- Tangible assets Current asselsllllabili￿'e$I Provisions 43.265 350.891 ITT.7431 4.462 10.538 47.727 1.046.429 177.7431 685.(KNJ 316.413 15,000 1,016.413 Unrestricted un￿$trIcted funds funds general designated 2024 2024 Restricted funds Total 2024 2024 At 31 March 2024: Tangible assets Current assetsllliabiliti8sI Provisions 17.494 562.058 ITT.7431 4,462 10.538 21.956 1.257.596 177.7431 501.809 15.OLIO 1,201.809 23 Operating lease commitments The charity has entered into a lease in respect of its Manzil Way pr8mis8s at a current annual rental of £44,000 which expires in 2029_ The charity leases 3 pnnters, 2 d(Kument feeders. 4 cassettes and 1 cabmet. which expire in November 2029. The charity has entered into a ￿ase in respect of its 8anbury premises for a te￿ of 5 years at a current annual rental of £15.000. expiring in June 2026. Al the reporting end date the charty had outstandsryJ commitments for futu￿ minimum lease payments under non-canc8llable operab.ng leases. which lall du8 as fotbws." 2025 2024 Within one year Between two and fNe years 64,340 154,470 60.143 191.0(K) 218.810 251.143 REHABILITATION SERVICES TRUST FOR OXFORDSHIRE RE- EMPLOYMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 R•lat•d party transactions There were no dtsdosable rdated party Iransactions during Ihe year12024 - non81. 25 Cash ab$ortkd by operations 2025 2024 Deficit for the year 1185.3961 186.6661 Adjustsnents for= Inveslmeni incotne recognised in statemenl of financial actmtses Fair value gains and knsse5 on investments D8pr8ciation and impaimient of tangible fixed assets 183,5491 148,2791 4.178 10.494 14,274 Movements in working capltal: Ilncreaseydecrease in stocks Ilncreasel in debtors IDecreas81 in creditors IDecreasel in prowsions 14.5761 141.9231 12,9591 9,898 122.9531 122.1661 77.743 Cash absorbefl by operations 1304.1291 177.7511 26 Analysis of changes in net fund5 The charity had no material debt during the year. -27_