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2023-03-31-accounts

h e l p l l a w g y d a l l e s m e d d y l i o l a helping hand for people’s mental wellbeing

ANNUAL REPORT & FINANCIAL STATEMENTS 2022/2023

3 B e l m o nt Ro a d | Wr ex h a m L L 1 3 7 P W 0 1 9 7 8 3 6 4 7 7 7 info@abfwxm.co.uk @ A B F W X M ABF is a company limited by guarantee (no. 04052135) and a registered charity (no. 1089638)

CONTENTS

Chair’s statement

3 Financial statements and reports

Financial statements and
reports
Financial Activities 11
Balance Sheet 12
Statementof Cash Flows 13
Notes to the fnancial
statements 14-17
Trustees’ approval 17
Independent examiner’s
report to the trustees of ABF 18

Trustees’ report

Trustees’ report
Reference and administration
information 4
Structure, Governance and
Management 4
Objectives and activities 5-6
Achievements and
performance 6-8
Financial Review 8-9
Future plans 9
Recognition / thanks 9-10

2

Page 3

Chair’s statement for the year ended 31[st] March 2023

The year started with several staff becoming familiar with new roles and increased responsibilities. As the year progressed it became evident that all those concerned had adapted to the changes required with determination and enthusiasm in equal measure. Other staff, volunteers, and trustees; aware of the difficulties created contributed their support. This positive commitment and professional approach from the entire team ensured ABF continued to expand and provide an outstanding service to those in need. The trustees and I are extremely grateful to all who accepted and supported the adjustments needed and work undertaken to make the year such a success.

During the year we celebrated two significant events: ABF’s 30 years of continuous service to our community and the completion of the upgrade of our premises at 3 Belmont Road. ABF’s pearl anniversary was a tremendous success, although many contributed to the event it was Zoe who pulled it all together, organising and managing every aspect to ensure success. A magnificent job, well done. The investment we made into extending and upgrading our premises has been money and effort well spent. We now have facilities which are bright and welcoming, they provide the working environment that both the staff and service users deserve.

Operationally, new partnerships were created with the Citizens Advice Bureau and with the local “Mind Our Future” project aimed at supporting Young People. Both these partnerships have the potential to offer a range of opportunities in the future. During the year ABF also secured the funding to extend the Flintshire Families First and the Wrexham PRAMS programmes, as well as develop a training relationship with the Domestic Abuse Safety Unit. All this outstanding work was completed while ABF's existing commitments were being met without compromise. The extent of this success was directly attributable to the team’s hard work and commitment to high standards. All of which extended and enhanced ABF’s reputation as a reliable, caring, professional service committed to exceptional standards. A reputation which each of you can be justly proud of.

The trustees believe ABF is only as good as our staff and welcome the opportunity to support staff undertake professional development. On behalf of trustees, I would like to congratulate Marjorie and Hannah who both achieved an MSc in Psychology, Kate who secured MAAT status, the professional standard in finance and accounting as well as Jeanette who qualified as a Clinical Supervisor. A tremendous achievement, well done. We also wish Gareth good fortune with his current studies.

The Board will continue to monitor the charity’s operations and take the strategic decisions necessary to expand and strengthen ABF so it can continue to promote and support good mental health and wellbeing. I am grateful for the support received from everybody all over the past year and I look forward to working with trustees, staff and volunteers to ensure 2024 is another successful year.

Have a wonderful Christmas and Healthy New Year.

Best wishes,

Rick Bedson

Cadeirydd y Mddiriedolwyr / Chair of Trustees

Page 4

Report of the Trustees for the year ended 31[st] March 2023

The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31[st] March 2023.

Reference and administration information

Charity number: 1089638 Company number: 04052135 Principal office: 3 Belmont Road, Wrexham LL13 7PW

Company Secretary : Lorrisa Roberts

Independent Examiner: Iona Edwards Chartered Accountant, 19, Denbigh Street, Llanrwst, Conwy LL26 0LL

Bankers:

Directors and Trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report, are collectively referred to as the trustees.

The trustees serving during the year and since the financial year end were as follows:

Trustee Position Appointed
(originally)		 Resigned
Mrs Rosemarie Williams Director/Trustee 2010
Mr Robert Cox Director/Trustee 2016
Ms Justine Mason Director/Trustee 2018
Mrs Jane Francis Director/Trustee 2018
Mr Richard Bedson Director/Trustee Chair 2020
Mr Marc Jones Director/Trustee 2020
MrJamesHayward Director/Trustee 2021
MrColin Edwards Director/Trustee 2021 2022
MsMollyWheelan Director/Trustee 2022
Mrs Cath Taylor Director/Trustee (Co-opted) 2023

Structure, Governance and Management

Governing Document:

The registered charity started in 1992 and was incorporated in the year 2000. The ‘Memorandum and Articles of Association’ was updated in 2014 and 2022. The name of the company was changed in 2014 omitting the word Wrexham to reflect provision for people from the wider area.

Appointment of Trustees:

Members nominate trustees prior to the AGM to fill vacancies. One third must retire at each AGM. The trustees appoint a Chair and Treasurer.

Trustee Induction and Training:

New trustees are briefed on their legal obligations, good governance, the committee and decision-making processes and the financial performance of the charity. All trustees are provided with the essential trustee document provided by the Charity Commission. Trustees are encouraged to attend appropriate internal and external training events and

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update other trustees. Any trustee who fails to attend three meetings without apologies or good cause, will automatically be deselected and will cease to be a trustee.

Organisation:

At the date of signing this report, the Board had 9 trustees. The Board currently meets monthly and there are various sub-committees. Mrs Lorrisa Roberts has been the Chief Officer for 12 years and oversees the day-to-day operations of the charity with the support of 5 full-time, 7 part-time staff and 1 casual staff members at the year end. At the close of the year, there were 9 active volunteers supporting the activities of the Charity.

Objectives and activities

The objectives of ABF are the promotion of good mental and physical health, primarily (but not exclusively) within the County Borough of Wrexham and the surrounding areas, by the provision of support to people experiencing poor physical, mental or emotional wellbeing.

The charity has refined its services over the years to methods proven to work:

2021

2022

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complex trauma training and the rights and responsibilities within the mental health service.

2023

Achievements and performance

As we learn to live and work in a post-pandemic world, the cost-of-living has been yet another crisis our community has faced. In addition to this, our local NHS community mental health team are experiencing a crisis, with oversubscribed and ever-increasing waiting lists, and a health board who are in special measures. All of which has resulted in a further increase in referrals, and specifically referrals of those who are experiencing more severe mental health difficulties.

At ABF we work hard to ensure that our services meet the current and future needs of our community. We do this by using our local knowledge, regular consultation and communication with people we support, and working closely with our partners and local organisations.

Our Year in Numbers

480 new referrals 303 offered an initial conversation 62 helped through our PRAMS support group

69 people helped through our PRAMS courses

58 people helped through our PRAMS talking therapies

37 helped through art and craft group

24 people helped through our walk 16 helped through A Place To Grow allotment group

32 people trained to be Mental Health First Aiders

ABF gives people hope. We empower people to take control of their lives by providing them with support to make lasting and meaningful change. All our projects have a common outcome: to improve the mental health and wellbeing of those accessing our services.

The impact of our work is evidenced through both case studies and widely recognised outcome measures, which highlight the difference our services make to the lives of those we support.

However, it is the personal stories of the people accessing our services that really highlight and measure the true impact of our work.

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Other achievements throughout the year included:

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Fin ancia l Review

The charity’s total gross income was £308,712 (previous year £499,358). This figure is lower than last years, as last year's figure contained additional grant income specifically related to the renovations of the building at 3 Belmont Road

The principal funding sources for ABF in the year were:

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The charity raised a substantial amount through fundraising endeavours in total £8,276 (previous year £6,604). Room and Office hire income increased to £4,306 (previous year £994).

Total charitable gross expenditure was £324,481 (previous year £479,938), with net expenditure being £322,495 (previous year £434,739).

The funds in the reserve will be invested in an interest-bearing account and will be expended on future large repair bills in excess of the annual budget for the operational needs of the charity.

The trustees’ policy is to maintain a minimum reserve of 3 months expenditure and, ideally, 6 months to cover any funding gap. Reserves were not called upon during the year. At 31/03/2023, approximately 5.8 months of operational reserves were held.

Comprehensive notes in the financial statements provide additional information and clarification of the figures.

Funds held as Custodian Trustees - None.

Future plans

The priorities for improvement and expansion of current activities and services in the year ended 31/03/2024 are:

Recognition/thanks to staff, volunteers, funders and donors

The trustees would like to thank the staff and volunteers of the charity who put in much more than expected every single week. Our success truly would not be possible without their on-going commitment to helping every person individually on their recovery journey. We would also like to thank the funders and donors that have made the work of the charity possible and for being so supportive throughout the year. In particular, we thank the main funders aforementioned for their valued support. We also thank the many supporters that help with various tasks and funds for the charity;

Association of Voluntary Organisations Wrexham (AVOW), Flintshire Local Voluntary Council (FLVC), Wales Council for Voluntary Action (WCVA), Wrexham’s Community Councils, Warburtons Community Grant, DASU North Wales, Bangor-on-Dee Racecourse, Wockhardt

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UK Limited, Keystone Family Support, Coop Local Causes, MSC Technology, The Authors and contributors to Seen Too.

We would also like to say a huge thank you to all those that have donated to ABF, supported a fundraiser on our behalf, hosted a collection box, or held an event to raise much needed funds.

The trustees wish to thank Mrs Iona Edwards, the Independent Examiner and Mr. Annesley Wright, who has served as an advisor and treasurer to the board. We would also like to thank all the people we support for your welcome and ongoing feedback on services and future developments.

Public B enefit

The trustees have considered and complied with the Charity Commissioners’ guidance on the requirements for public benefit. The aims, actions and achievements of the charity have been entirely for public benefit.

The trustees’ plans for the foreseeable future continue to be entirely for public benefit increasing both the amount and quality of wellbeing support offered. No remuneration has been paid to the trustees and no personal financial benefit has been derived by the trustees.

This report has been prepared in accordance with the statement of recommended practice for accounting and reporting by charities (issued March 2005). Approved by the Board of Trustees on 1[st] November 2023 and signed on its behalf by:

Rick Bedson – Director/ Chair of Trustees

Page 11

Financial Activities April 2022 - March 2023

Total
INCOME
Donations and Legacies 6,603.05
Grant 286,389.60
Office Hire 2,166.67
Own Courses Income 9,828.88
Payroll Services 840.00
Room Hire 2,139.39
Total Income 307,967.59
TOTAL 307,967.59
EXPENDITURES
Cleaning Expense 61.27
Computer Costs 85.26
DBS Checks 213.00
HR 3,834.92
Insurances 2,551.00
Payroll Expenditures 274,371.19
Phone & Broadband Costs 1,764.72
Printing, Postage and Stationery 455.58
Project Expense
BYW 121.47
Own Courses 4,389.45
Parabl 2,504.25
PRAMS 10,150.05
SDCP 157.95
WellbeingFund 11.42
Total Project Expense 17,334.59
Recruitment 251.84
Repairs 12,233.26
Subscriptions 217.67
Sundries 58.20
Training 1,073.00
Travel Expenses 232.60
Utilities 4,563.39
Warburton Travel Fund 15.20
Web/IT Support Costs 3,178.42
Total Expendi tures 322,495.11
NET OPERATING INCOME -14,527.52
OTHER INCOME
Interest Received 738.34
Membership 6.79
Total Other In come 745.13
OTHER EXPENDITURES
Annual Depreciation 1,985.80
Total Other Expenditures 1,985. 80
NET OTHER INCOME -1,240.67
NET INCOME/(EXPENDITURE) £ -15,768.19

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B ala nce S heet

As of March 31, 2023

B ala nce S heet
As of March 31,2023
Total
FIXED ASSET
Tangible assets
Fixtures and Fittings Cost 8,814.38
Fixtures and Fittings Depreciation -3,666.60
Office Equipment Cost 655.00
Office Equipment Depreciation -655.00
Total Tangible assets 5,147.78
Total Fixed Asset 5,147.78
CASH AT BANK AND IN HAND
Lloyds Current Account 19,556.15
Lloyds Savings 70,986.87
NatWest Current 58,273.14
Virgin Savings 104,096.45
Total Cash at ban k an d in han d 252,912.61
NET CURRENT ASSETS 252,912.61
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Current Liabilities
Accruals 25,745.00
Deferred Income 50,032.00
Total Current Liabilities 75,777.00
Total Creditors: amou nts falling due within on eyear 75,777.00
NET CURRENT ASSETS(LIABILITIES) 177,135.61
TOTAL ASSETS LESS CURRENT LIABILITIES 182,283.39
TOTAL NET ASSETS(LIABILITIES) £182,283.39
CHARITY FUNDS
Opening Balance Equity 198,051.58
Retained Earnings
Surplus/(Deficit) -15,768.19
Total Charity funds £182,283.39

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S tatemen t of Ca sh Flows

S tatemen t of Ca sh Flows
April 2022 - March 2023
Total
OPERATING ACTIVITIES
Net Income -15,768.19
Adjustments to reconcile Net Income to Net Cash provided by operations:
Fixtures and Fittings Depreciation 1,762.95
Office Equipment Depreciation 222.85
Accruals -1,185.00
Deferred Income 10,620.48
Total Adjustments to reconcile Net Income to Net Cashprovided by operation s: 11, 421. 28
Net cashprovided by operating activities -4,346.91
INVESTING ACTIVITIES
Fixtures and Fittings Cost -2,274.89
Net cashprovided by investing activities -2,274.89
NET CASH INCREASE FOR PERIOD -6,621.80
Cash at beginningofperiod 259,534.41
CASH AT END OF PERIOD £252,912.61

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Notes to the Financial Statements

1. Acco unting Policies

Charity Information

Advance Brighter Futures is a registered Charity and a private company limited by guarantee incorporated in England and Wales. The registered office is 3 Belmont Road, Wrexham, LL13 7PW.

1.1 Accounting Convention

The accounts have been prepared in accordance with the Companies Act 2006 and the Charities Regulations 2008 as well as the Charities Act 2011. The charity is a small charity under Companies Act 2006, therefore exempt from external audit in accordance with section 477 of Companies Act 2006.

1.2 Going Concern

At the time of approving the accounts the Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus Trustees continue to adopt the going concerns basis of accounting in preparing the accounts.

1.3 Charitable Funds

Funds and Reserves held by the charity are:

Operational Reserves - These are funds which can be used in accordance with the charitable objectives at the discretion of the Trustees. The charities policy is to maintain a minimum of 3 months expenditure reserve, with the preferred amount being 6 months. The unrestricted operational reserve £174,500 is the monetary figure that could cover unexpected expenditure during a 6 month funding gap. This is an increase on last year in order to reflect increased actual and predicted expenditure.

Designated Funds -These are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects. The current monetary value of the Designated Funds is £6,907 which the Trustees have agreed to be designated to Staffing costs for the financial year 01/04/2023 - 31/03/2024.

Sp ecific Restricted Funds - These are funds that can be used for specific restricted purposes within the objectives of the Charity. Restrictions arise when specified by the donor.

1.4 Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the charity has received the funds.

1.5 Resources Expended

Expenditure reflects all amounts paid and accrued during the year. Expenditure included VAT which is not recoverable.

1.6 Fixed Assets

Fixed Assets are initially measured as cost less any depreciation and any specific capital grants.

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Depreciation Rates – Furniture and Equipment 20% on a straight-line basis Computer Equipment 33% on a straight-line basis

1.7 Retirement B enefits

The charity operates a defined contribution pension scheme and the pension charge represents the employers contribution to that defined pension scheme (NEST).

1.8 Taxation

The charity benefits from Employment Allowance in relation to PAYE. The charity is not registered for the recovery of Value Added Tax.

2. Trustees

None of the Trustees (or any person connected with them) received any remuneration during the year.

3. Independent Examiners Report

There are no fees payable or paid to the Independent Examiner for their examination

4. Employees

The average number of employees during the year was 15 Part time - 11

Full time - 4

y
Part time - 11
Full time - 4		 y
Employment Costs 31/03 /2023 31/03 /2022
Wages and Salaries 235464 234943
Employers National Insurance 16990 16102
EmployersPensionContribution 21917 21675
274371 272720

The number of employees whose annual remuneration was £60,000 or more were none.

5. Fixed Assets shown at historical cost

Lan d & Furniture & Computer TOTAL
B uildin gs Equipment Equipment
Cost 155114.00 6539.49 655.00 162308.49
Additions 149521.23 2274.89 0.00 151796.12
Disposals 0.00 0.00 0.00 0.00
At 31/03 /2023 304635.23 881 4.38 655.0 0 314104 .61
Depreciation % 20% 33%
At 31/03 /2022 1903.65 432. 15 2335 .80
Disposals 0.00 0.00
Charge for the 1762.95 222.85 1985.80
year
Accu mu lated at 3666.60 655.0 0 4321 .60
31/03 /2023
Net Book Value
At 31/03 /2023 0.00 5147.78 0.00 5147.78

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The property at 3 Belmont Road was completely grant funded and therefore does not have any Net Book Value.

6. Debtors

Amounts receivable within one year -

2023 2022
Trade Debtors 0.00 0.00
7. B ank Acco unts
31/03 /2023 31/03 /2022
Natwest 58273 18144
Lloyds 90543 137567
Virgin Money 104096 103824
Cash 0 0
8. Current Liabilities
2023 2022
Accruals -25745 -26930
Deferred Income -50032 -39411
Current Liabilities -75777 -66341

Accruals

Liabilities paid in April 2023 relating to 2022-2023 expenditure

Creditors

Relating to deferred income

9. Charitable Funds

9. Charitable Funds
Unrestricted Funds-
2023
2022
Designated Funds
6583
46851
Operational reserves
174500
150000
Specific Restricted Funds
1200
1200
TOTAL Funds
182283
198051
10. Income
2023
2022
Net Income
306727
471812
11. Expenditure
2023
2022
Payroll Costs
274371
272720
Operational Costs
13916
9285
Premises Costs
16858
1689
Depreciation
1986
1524
Capital Expenditure
0
149521
Charity Expenditure
307131
434739

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12 . Difference between income and expenditure

2023 2022
Net Income 306727 471812
CharityExpenditure 322495 434739
Surplus/Deficit -15768 37073

13. Treasurers report for year ended 31 /03/2023

These accounts have been prepared by the Finance Officer at Advance Brighter Futures and reviewed by the Treasurer to ensure that they comply with the Companies Act and Charities Act regulations and recommendations. The notes 1-12 above reflect the accounting policies and procedures applied by Advance Brighter Futures.

14. Directors' Report

The Directors acknowledge their responsibility to comply with the requirements of the Companies Act 2006 and the Charities Act 2011.

The financial statements have been properly prepared in accordance with UK GAAP for smaller entities whilst recognising the need to comply with the Charities Act 2011. The recommendations of SoRP and the 2014 FRSse have been applied and adhered to.

Approved by the Board on 01/11/2023 and signed on their behalf by

Rick Bedson Director / Chair of the Board

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Independent examiner’s report to the trustees of ABF