RECHARGE - WORKSHOPS & RETREATS CIC

Company limited by guarantee

Company Registration Number:
NI645887 (Northern Ireland)

Unaudited statutory accounts for the year ended 30 May 2024

Period of accounts

Start date: 1 June 2023

End date: 30 May 2024

RECHARGE - WORKSHOPS & RETREATS CIC

Contents of the Financial Statements

for the Period Ended 30 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RECHARGE - WORKSHOPS & RETREATS CIC

Directors' report period ended 30 May 2024

The directors present their report with the financial statements of the company for the period ended 30 May 2024

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 30 May 2024

B Grieve
A Moth
J McCalmont
J Humphries
J Heenan


The director shown below has held office during the period of
19 April 2024 to 30 May 2024

J Patton


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: J Humphries
Status: Director

RECHARGE - WORKSHOPS & RETREATS CIC

Profit And Loss Account

for the Period Ended 30 May 2024

2024 2023


£

£
Turnover: 25,936 52,639
Cost of sales: 0 0
Gross profit(or loss): 25,936 52,639
Administrative expenses: ( 116,111 ) ( 131,744 )
Other operating income: 115,298 63,320
Operating profit(or loss): 25,123 (15,785)
Interest receivable and similar income: 31 37
Profit(or loss) before tax: 25,154 (15,748)
Profit(or loss) for the financial year: 25,154 (15,748)

RECHARGE - WORKSHOPS & RETREATS CIC

Balance sheet

As at 30 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,510 1,887
Total fixed assets: 1,510 1,887
Current assets
Cash at bank and in hand: 17,716 16,726
Total current assets: 17,716 16,726
Creditors: amounts falling due within one year: 4 ( 22,347 ) ( 46,888 )
Net current assets (liabilities): (4,631) (30,162)
Total assets less current liabilities: (3,121) ( 28,275)
Total net assets (liabilities): (3,121) (28,275)
Members' funds
Profit and loss account: (3,121) ( 28,275)
Total members' funds: ( 3,121) (28,275)

The notes form part of these financial statements

RECHARGE - WORKSHOPS & RETREATS CIC

Balance sheet statements

For the year ending 30 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 February 2025
and signed on behalf of the board by:

Name: J Humphries
Status: Director

The notes form part of these financial statements

RECHARGE - WORKSHOPS & RETREATS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss

    Other accounting policies

    Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment - 20% reducing balance Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performancerelated conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. Financial instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

RECHARGE - WORKSHOPS & RETREATS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

RECHARGE - WORKSHOPS & RETREATS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 2,595 2,595
Additions
Disposals
Revaluations
Transfers
At 30 May 2024 2,595 2,595
Depreciation
At 1 June 2023 708 708
Charge for year 377 377
On disposals
Other adjustments
At 30 May 2024 1,085 1,085
Net book value
At 30 May 2024 1,510 1,510
At 31 May 2023 1,887 1,887

RECHARGE - WORKSHOPS & RETREATS CIC

Notes to the Financial Statements

for the Period Ended 30 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 22,347 46,888
Total 22,347 46,888

COMMUNITY INTEREST ANNUAL REPORT

RECHARGE - WORKSHOPS & RETREATS CIC

Company Number: NI645887 (Northern Ireland)

Year Ending: 30 May 2024

Company activities and impact

Recharge - Workshops & Retreats CIC has provided fully funded places, for carers on workshops, retreats and wellness activities. Our mantra is self-care. We have developed our network to include Health and Social Care Trusts who have contributed towards identifying and funding carers’ places. We are a small, growing initiative, planning for sustainability.

Consultation with stakeholders

Our stakeholders are those in our community who are most vulnerable. This includes isolated unpaid carers, the bereaved, people living with stress, anxiety, illness and disease, disabilities and depression. We consult with these via: Social media Participant evaluations Working groups Steering groups We use the feedback to identify areas which we can help and expand the services on offer.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: Julie Humphries
Status: Director