RUTII RAISIN(- UI>TIIF. HURTING LIMITED STATF.MF.NT OF FINANCIAL AcfiviTIES for th¢ Year Ended 31 JANUARY 2023 31.1.23 Total funds 31.1.22 Total funds Unresiricied fvnd Rcstri¢t¢d fund Notes INCOM E AND ENDOWMENTS FROM Donaiions and legacies 6J25 6J25 15.761 EXPENDITURE ON Charitgblc activities Bank Charges Sundries Accounlancy and Independeni Exarniner Dtreci costs D¢pr¢¢iation Minibus expenses Advertising Stationery Training 290 214 290 214 360 7,084 34 2,019 286 13 360 7.259 46 .483 76 28 7,084 34 2,019 151 924 924 Total 9.551 NET INCOMEI(EXPENDITURE) (4061) {4,861) 6210 RECONCILIATION OF FUNDS Totsl lunds brought forward 25.546 19.336 TOTAL FUNDS CARRIED FORWARD 20.685 20.685 25.546 The notes forn) part of these finantial ststemen Page 4
RIITH RAISING UPTEIE HURTINC. LIMITED BALANCE SHEF.T 31 JAIYUAR Y 2023 31.1.23 Total funds 31.1.22 Total funds Unrestricted fund Restricted rund Nthes FIXED ASSETS Tangible Lsseis 902 cuRREr ASSETS Cash a( bank 20SJ7 20,537 25.004 CREDITORS ATnounts falling due within one year 1720) (720) (360) NET CURRENT ASSETS 19017 19,817 24.644 TOTAL ASSETS LESS CURRENT LIABILITIES 20.685 20.685 25.546 NET ASSETS 20,685 20.685 25.546 FUNDS Unre5tricied fun( 20.685 25,546 TOTAL FUNDS 20.685 25,546 The charitable company is entitled to ex¢mpiion from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023. The m¢mbers have not required ihe company lo obiain an audii of lis financial sements for the year ended 31 January 2023 in accordance with Seciion 476 of ihe Componies Au 2006. The trLlS(ees acknowledge their rpOnsibIlItieS for (a) ensuring that the charithble company keeps accounting records thal comply with SeciiotLS 386 and 387 of the Compat]ies Act 21)06 and prepartng financial sia(ements which give a true and fair view of the s(aie of affairs of the chariiable company a5 at the end of each financial year and of its sluS or d¢fi¢it for eh financial year in accordance with the requirements of Sections 394 and 395 and whi¢h herWiSe comply with the requirements of th¢ Companies Act 2006 relaiing to fmanciai statements. so far as applicable to the charitable company. (b) These financial ststements have be¢n prepared in accordan¢¢ with the provisions applicable to charithble companies subjeci to the srnall ¢ompanies regime. The financial statements were approved by the Board ol Trusttts and authorised for issue on 25 Noyember 2023 and were signed on its behalf by-. J Smiion- Trusitt notes forni part of these financial rtaiements Page 5
RIITH RAI.%INC. UPTHF. FIIIRTINC. LIMITED NOTF.S TO THE FINANCIALSTATEMENTS for thc I'Lar Ended 31 JANUARY 2023 ACCOUNTING POLICIES Basis Of prcparing the rtnANeial slatemenls I'hc financial statcments of the chariiable company. which is a public benefit enliry wider FRS 102, have be¢n prepared in accordonce with ihe Chariiics SORP (FRS 102) 'Accouniing and RewTrrting by Chariti¢s'. Sia(emenl of Recommend¢d Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in ihe UK and Republic of Ireland {FRS 102) (effeclive l January 2019),, Financial Repirting Sthndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The fin¥ncial statements have been prepared under the hi5torÈ¢al cost convention. Income All income is re¢01$ed in the Ststem¢ni of Financial Activities once the charity has entitlement to the fund& it is probable that the income will be received and the amouni can be measured reliably. Expendi¢Mr¢ Liabililies are recognis¢d as exp¢ndiiure as soon there is a legal or con5trUCtiv¢ obligation committing the chariry io that expenditure. li is probable that a ttansfer of economit erits will be required in settlement and Ihe amouni of the obligaiion can be measured reliably. Expenditure is accounied for on an acenlS lS and has been classified under headings that awegaie all uTrst reled io the category. Where costs cannot be direcily attribured to particular headings they have be¢n all(ad io activities on a basis Co11stent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rate5 in order io off each assei over its esiimaied useful life. Freehold property Plant and machinery IOYO on ¢osi 250A on reducing balance Taxatio The charity is exempt from Corporation on its charithble adiviiies. Fund accounting Unrestri¢ted funds can b¢ in a¢cordance with the charitable objectives at the discretion of the Diees. Restricted funds can only be used for particular resiricied purFWS thin the objects of the charity. R¢strtc(ions arise when specified by the donor or when fijnds are raised lor partkcular restricted purposes. Further explar]ion of the nature and PUTpose of eath fimd is irKluded in the nole5 10 the financial stsiements. NET INCOMEI(EXPENDITURE) Net incomel(expendilur¢) is stated after chargin(crediting). 31.1.23 31.1.22 Depreciation- owned ets J4 46 Page 6 continued...
RIITII IiAISIN(: IIP TIIF. IIUHTING LIMITF.11 NOTfr.S TO TIIF. FINANCIAL STATEMF.NTS- continued ror thc Y¢#r Eiidcd 31 JAiYUAR Y 2023 TRUSTEES, REMUNERATION AND BENEFITS During ihe year cnded 31 January 2023 one of ihe iruslees Mrs Joanne Smilon received income for s¢rvices amounling to £1.821 (2022 - £1.602). No oiher tTUSt¢es received remuneration. Trustees. ¢xpen$es During the year ended 31 January 2023 one of the Trustee5 Mrs Joonrte Smiion re¢eived expenses of £NIL (2022- £NIL). STAFF COSTS The av¢rnge monthly number of employees during the year Was as follows.. 31.1.23 31.1.22 No employee5 received ¢moluments in excess of £60.(KX) TANGIBLE FIXED ASSETS Freehold propeny Plani and machinery Totals COST Ai l February 2022 and 31 January 2023 8SO 578 1,428 DEPRECIATION Al l February 2022 Charge (or year 85 526 34 34 At 31 January 2023 85 475 NET BOOK VALUE Ai 31 January 2023 765 868 Ai 31 January 2022 765 137 902 Page 7 continued...
IIIII'II RAISIN(- [11 riiTr. IlllRI'INI; I.IMIT>.I) Nal'f.s T() 'I'llb. Tr-INANCIAL SI'ATF.fv1 Tr.Nl-.S- cnnliNued ror Ihc I'i•kr &.iidL.d JI .IANIIARY 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.23 31.1.22 A¢cnJed expen5¢S 720 3(>0 MOVEMENT IN FUNDS Net movement in funds At 31.1.23 At 1.2.22 UnrestrÉcied funds Generdl fund 25546 (4,861) 20.685 TOTAL FUNDS 25.546 (4,861) 20.685 Net moyemeni in fijnds, in¢luded in ihe aboY¢ ar¢ as follows.. Incoming resourc¢s Resources ¢xpended Movemeni in funds Unrestricted funds General nd 6J25 (11,186) (4.861) TOTAL FUNDS 6J25 (11,186) (4,861) Comparatives for movement in funds Net movement in funds At 31.1.2? At 1.2.21 Unrestricted funds General fund 19.336 6.210 25,546 TOTAL Fuf4DS 19.336 6,210 25.546 Comparntive net movem¢nt in funds. included in ih¢ above are as follows: Incoming resources Resources expended Movement ndS Unrestricled fuTrds General fund 15.761 (9.551) 6,210 TOTAL FUNDS 15.761 (9.551) 6.210 Page 8 ¢ontinued...
RIII'II RAI.%IN(: IIIJ TFIF. IIURTINC. LIMI'I-fr.I) NOI'b".S TO THE FINANCIAL STATF.MENT.S- conlillued for thc I'ellr F.ndL.d 31 JANUAR Y 2023 MOVEMENT IN FUNDS- continued A currenl year 12 month5 and Fxior year 12 months combined posilion is &$ follows.. N¢1 movemenl in funds At 31.1.23 At 1.2.21 Unreslrieted funds Genernl fijnd 19.336 1.349 20,685 TOTAL FUNDS 19.336 1,349 20.685 A current year 12 months and prior year 12 months combined net rnovement in fvnd5, included in ihe above are as follows= Incoming resources R¢sour¢¢s expend Movement in funds Unrestricted funds General nd 22.086 (20.737) 1,349 TOTAL FUNDS 22.086 (20.737) 1.349 RELATED PARTY DISCLOSURES There were no rel*¢d party transaciions for the year ended 31 January 2023. Page 9
IiIII'II iIAI%IN(: iii fiiF. IIIIRI'IN(: I.IM I-I'b.l) I)F.I'AIL Tr.1) STAl-Tr.l b.NT ()Tr" FINANCIAI. ACI-IVITIfr. ror Illl I'I.. r F.nded JI .IANIIAR Y 2023 31.1.23 INCOME AND ENDOIVMENT.S Doiiations and Icgacios Donalions 6J25 15.761 Total incoming rcsources 6J25 15,761 EXPENDITURE Charitable actiyities Direct costs Minibus expenses Accouniancy and Independenr Examiner Bank charges Sundrics 7,084 2.019 360 290 214 7.259 1.483 360 286 13 9,967 9.401 Support costs Management Sia(ionery & Computer Costs Advenising Trnining ?8 76 924 1.185 104 Finance Depreciaiion of tsngible fixed assets 34 46 Totsl resources ¢xpended 11.186 9,551 Net (expenditurcyincome (4,861 6.210 This pagc d5 noi forni part of thc slalulory financial stsiemen Pdoe 10