PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS & REGISTERED AUDITORS REGISTERED COMPANY NUMBER: N1616419 (Northern Ireland) REGISTERED CHARITY NUMBER: 102851 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 FOR RUTH RAISING UP THE HURTING LIMrfED Patton Rainey Stenson Limited Chartered Accountants 6 E&st Bridge Street Enniskillen Co. Fennanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers egistered lo carry out audit work and regulated lor a range ol inveslrnent business aclivilie5 in Ihe United Kingdom by Ihe Institute ol Chartered Accouniants in Ireland
RUTH RAISING UP THE HURTING LIMITED CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 JANUARY 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
RUTH RAISING UP THE HURTING LIMITED REGISTERED NUMBER: IY1616419 REPORT OF THE TRUSTEES for the Year Ended 31 JANUARY 2024 The Trustees present their annual report together with the financial statements of RUTH Raising Up the Hurting Limited for the year ended 31 January 2024.. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). OBJECTIVES AND ACTIVITIES Objectives and ailns The company's objectives and purposes are for the promotion. preservation and protection of physical and mental health and well-being, education of, but not restricted to. social skills, the relief of poverty, hardship and sickness of inhabitants of the the Belfast area and other areas of Northern Ireland in particular, but not exclusively without distinction of age, gender, disability, sexual orientation. nationality.ethnic identity. political or religious OPiTLion, by associating the statutory authorities, comrnunity and voluntary organisations and the inhabitants in a common effort to advance education, health and relief of poverty and hardship and to provide facilities in the interests of social welfare for recreation or other leisure - time occupation, with the object of improving the conditions of life for the said inhabitants and in particular: (i) to relieve suffering and promote the the preservation and protection of mental health of those people and their families in the area of benefit who are suffering or experiencing mental or emotional distress and anguish as a result of mental illness, emotional disability. drug and alcohol addiction, social anivor economic circumstances, domestic abuse an(Vor violence and difficulties in Iheir personal lives by the provision of counselling, education, treatment and prevention projects- (li) to promote, or assist in promoting community capacity building programmes and projects for the benefit of the inhabitants within the area of benefit who have need of such assistance as a result of their youth, age, disability or infinnity. or social and economic circumstances, in an effort to increase the abilities, life skills and self confidence of such communities in the area of benefit- (iii) to relieve persons tn conditions of need, homelessness, hardship, distress or sickness arising therefrom whether in connection with housing or accommodation or shelter or any other purposes in the Belfast area and in such other parts of Northern Ireland, in particular but not exclusively as the trustee directors may from time to titne decide in accordance with the law of charity. (iv) to engage in relief projects and in the provision of resources, training and financial support to assist those in povety, suffering and distress in the area of benefit in an effort to improve their quality of life- (v) to increase the use of churches, relief organisations and individuals in the delivery of exclusively charitable services to the poor and needy in the area of benefit" (vi) to advance any other exclusively charitable purpose as the trustee directors, may frorn time to time. decide in accordance with the law of charity. The Trustees have read and taken regard of the Charity Comrnission for Northern Ireland's guidance on Public Benefit and on Public Benefit reporting. FINANCIAL REVIEW Financial position The results for the year ended 31 January 2024 are set out on pages 4 and 5 of the financial statements. The lotal income for the year ended 31 January 2024 amounted to £6,922 (2023- 6,325). The majority of income received in both year5 was donations received.The charity held £12,041 in cash reserves at the year end (2023 £20,537). This equates to approximately one year of the charity's charitable expenditure at current rates. The trustees are reviewin8 the reserves policy in the cuent year. FUTURE PLANS The charity intends to continue the work it prefornis for the benefit of the public, while seeking additional sources of funding. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity 15 controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Page I
RUTH RAISING UP THE HURTING LIMITED REGISTERED NUMBER: N1616419 REPORT OF THE TRUSTEES for the Year Ended 31 JANUARY 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1616419 (Northern Ireland) Registered Charity number 102851 Registered office 77 Dungannon Road Ballygawley Dungannon Co. Tyrone BT702JU Trustees J Smiton S Hutchinson J Dumigan M Dumigan Independent Examiner Stephanie Stenson FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT Approved by order of the board of trustees on 28 October 2024 and signed on its behalf by: J Smiton - Trustee Page 2
PRS Patton Rainey I Stenson Limited CHAR TEREO ACCOUNTANTS & REGISTERED AUDITORS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RUTH RAISING UP THE HURTING LIMITED I report on the accounts of the company for the year ended 31 January 2024, which are set out on pages four to nine. Respeetive responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the prepardtion of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is Thot subject to audit under company law and is eligible for independent eXaTThinati0 it is my responsibility to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act stste whether particular matters have come to my attention. Basis of the indepelldent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the generdl Directions given by the Charity Commission for Northern ITelatLd under Section 65(9)(b) of the Charities ACL The examination included a review of the accounting records kept by the charity and a comparÉson of the accounts presented with those records. It also included consideratioTh of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the tnethods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in aOrdanCe with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is fiwther ]nforntIOn needed for a pioper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns In respect of the matters (l) to (4) listed above and. in connection with following the Directions of the Clwity Conunission for Northern IrelanQ I have found no llLatt¢rs that require drawing to your attention. Stephanie Stenson FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT 28 October 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered 10 carry out audit work and regulated lor a Tang& ol inve51rnent business activities in the United Kingdom by the Institute ol Chartered Accountants in Ireland
RUTH RAISING UP THE HURTING LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 JANUARY 2024 31.1.24 Total funds 31.1.23 Total funds Unrestricted fund Restricted fimd Notes INCOME AND ENDOWMENTS FROM Donations and legacies 6.922 6,922 6.325 EXPENDITURE ON Charitable activities Bank Charges Sundries Accountancy and Independent Examiner Direct costs Depreciation Minibus expenses Advertising Stationery Training Trustees, salaries Donation to hostel 295 13 360 5,105 iii 4,033 856 93 295 13 360 5,105 290 214 360 5,263 34 2,019 110 151 924 1.821 4,033 856 93 2,163 2,500 2,163 2,500 Total 15,529 15,529 11,186 NET INCOME/(EXPENDITURE) (8,607) (8,607) (4.861) RECONCILIATION OF FUNDS Total funds brought forward 20,685 20,685 25,546 TOTAL FUNDS CARRIED FORWARD 12,078 12,078 20,685 The notes fom part of these financial statements Page 4
RUTH RAISING UP THE HURTING LIMITED REGISTERED NUMBER: N1616419 BALANCE SHEET 31 JANUARY 2024 31.1.24 Total funds 31.1.23 Total funds Unrestricted fund Restricted nd Notes FIXED ASSETS Tangible assets 757 757 868 CURRENT ASSETS Cash at bank 12,041 12,041 20,537 CREDITORS Amounts falling due within one year (720) (720) (720) NET CURRENT ASSETS IlJ21 11,321 l9,817 TOTAL ASSETS LESS CURRENT LIABILITIES 12,078 12,078 20,685 NET ASSETS 12,078 12,078 20.685 FUNDS Unrestricted funds 12,078 20,685 TOTAL FUNDS 12,078 20,685 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a te and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otheNise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ib) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 28 October 2024 and were signed on its behalf by: J Smiton - Trustee The notes fomi part of these financial statements Page 5
RUTH RAISING UP THE HURTING LIMITED NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 JANUARY 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. T2ngible fixed assets Depreciation is provided at the following annual lates in order to write off each asset over its estimated useful life. Freehold property Plant and machinery I 00/0 on cost 250/0 on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 31.1.24 31.1.23 Depreciation - owned assets iii 34 Page 6 continued...
RUTH RAISING UP THE HURTING LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 JANUARY 2024 TRUSTEES, REMUNERATION AND BENEFITS During the year ended 31 January 2024 one of the trustees Mrs Joanne Smiton received income for services amounting to £2.163 (2023 - £1,821). No other trustees received remuneration. Trustees, expenses During the year ended 31 January 2024 no Trustees, received payment for expenses. (2023 - £NIL). STAFF COSTS The average monthly number of employees during the year was as follows.. 31.1.24 31.1.23 No employees received emoluments in excess of £60,000 TANGIBLE FIXED ASSETS Freehold property Plant and machinery Totals COST At l February 2023 and 31 January 2024 850 578 1.428 DEPRECIATION At l February 2023 Charge for year 85 85 475 26 560 At 31 January 2024 170 501 671 NET BOOK VALUE At 31 January 2024 680 77 757 At 31 January 2023 765 103 868 Page 7 continued...
RUTH RAISING UP THE HURTING LIMITED NOTES TO THE FINANCIAL STATEMENTS- conlinued for the Year Ended 31 JANUARY 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.24 31.1.23 Accrued expenses 720 720 MOVEMENT IN FUNDS Net movement in funds At 31.1.24 At 1.2.23 Unrestricted funds General fimd 20,685 (8,607) 12.078 TOTAL FUNDS 20,685 {8,607) 12,078 Net movement in fvnds, included in the above are as follows- ncoming resources Resources expended Movement in ndS Unrestricted funds General fund 6,922 (15,529) (8,607) TOTAL FUNDS 6,922 (15,529) (8,607) Comparatives for movement in funds Net movement in funds At 31.1.23 At 1.2.22 Unrestricted funds General fund 25,546 (4.861) 20.685 TOTAL FUNDS 25,546 (4,861) 20,685 Comparative net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 6,325 (11,186) (4,861) TOTAL FUNDS 6,325 (11,186) (4.861) Page 8 continued...
RUTH RAISING UP THE HURTINC LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued ror the Year Ended 31 JANUARY 2024 MOVEMENT IN FUNDS - continued A current year 12 months and prior year l2 months cornbined position is as follows: Net movement in funds At 31.1.24 At 1.2.22 Unrestricted funds General fund 25.546 (13,468) 12,078 TOTAL FUNDS 25,546 (13.468) 12.078 A cuffent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 13.247 (26,715) (13,468) TOTAL FUNDS 13.247 (26,715) (13,468) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 January 2024. Page 9