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2021-12-31-accounts

Trustees’ Report and Financial Statements for the year ended 31 December 2021

The Charlie Waller Trust A company limited by guarantee Charity registration number 1109984, Company registration number 5447902

TABLE OF CONTENTS

Reference and administrative information 3
Introduction from the Chairman and CEO 4
Trustees’ Report 5
Objectives and activities 6
Impact 8
Achievements and performance
 10
Raising awareness of depression and
related mental health roblems		 10
p
Schools and Families		 12
Colleges and Universities 14
Workplace 15
Primary Care Mental Health Education 16
Charlie Waller Institute, University of
Readin		 16
g
Fundraising activities		 17
Volunteers 18
Other grants and charitable activities
i 2021		 18
n
Plans for the future		 19
Financial review
Sttt f fil tiiti		 20
aemen o nanca acves
Reserves policy		 20
Investment policy and performance 21
Risk management 21
Structure, governance and management 22
Constitution 22
Method of appointment or election of 22
Trustees
Policies adopted for the induction and 22
training of Trustees
Organisational structure and decision 22
making
Key management personnel 22
Trustees’ responsibilities statement 23
Disclosure of information to auditors 24
Independent auditor’s report to 25
the Trustees
Financial statements 28
Statement of fnancial activities
Balance sheet
Statement of cash fows
Notes to the fnancial statements
Thank you 40

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REFERENCE AND ADMINISTRATIVE INFORMATION

Presidents

The Rt Hon Sir Mark Waller Lady Waller OBE

Independent auditors

Villars Hayward LLP, Boston House, Henley-on Thames, RG9 1DY

Trustees

R B Waller QC, Chairman R G Beaumont (resigned 24 November 2021) G C R Booth, FCA, Treasurer Dr N I Broughton M C Cole-Fontayn W P de Laszlo M Durden-Smith Dr M S Fazel J B N Hay C P S Lytle J D G Murray Professor R L Shafran (resigned 1 March 2022) K A Tait P G Waller I G Weatherby

Registered office

First Floor, Rear Office, 32 High Street, Thatcham, Berkshire, RG19 3JD

Company registered number

5447902

Charity registered number

1109984

Board Advisers

Professor David Clark Lord Crisp KCB Lord Layard Dr Denise Meyer Dr Suzanna Rose Sir Anthony Seldon Professor R L Shafran Professor Sir Simon Wessely

Patrons

Alexander Armstrong Alastair Barclay Gordon Black CBE Louise Black The Hon. Mrs de Laszlo Neil Durden-Smith OBE Nigel Gray Professor Steven Hollon Ian McIntosh Mary Nightingale Susan Shenkman Phoebe Waller-Bridge Anthony West Michael Whitfeld

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INTRODUCTION FROM THE CHAIRMAN AND CEO

2021 saw a second year of challenge and disruption due to the coronavirus pandemic. Evidence of the impact that this has had on children and young people’s mental health has been building, with NHS Digital reporting a rise from 1 in 9 to 1 in 6 children and young people with a probable mental health disorder.

The study also highlighted that younger children (aged 4-10) have had greater changes in levels of behavioural, emotional and attentional difficulties throughout the pandemic, whilst levels of difficulties among secondary school aged children (11-16) have been more stable. There have also been concerning increases in eating disorders with cases in or waiting for urgent care increasing by 128% from Q4 2019/20 to Q4 2020/21.

Therefore the Charlie Waller Trust’s (CWT) work to improve the mental health and wellbeing of children, young people and their parents, teachers and employers is perhaps more vital today than ever before. We know that a great deal can be achieved by equipping young people, their peers, teachers, lecturers, support staff and colleagues with the right skills, knowledge and confidence. This enables problems to be identified and acted on early, which is so important for achieving a successful outcome:

‘Timely support from a consistent trusted adult can work wonders’ (Time for Action, Centre for Mental Health, 2021).

Early intervention is at the heart of CWT’s work.

In 2021, we focused on creative ways of delivering our work including open access webinars, vox pops from young people and digital tools to enable colleges and universities to measure and improve their response to mental health and wellbeing.

2021 also saw the launch of our workplace programme as a commercial offer, marked by the inaugural CWT workplace mental health conference in September.

An increased focus on supporting parents, carers and families was a feature of 2021. We reached many more parents and carers of young people with an eating disorder, completed an evaluation of our parent support group model that demonstrated positive outcomes and began development of a parent peer support training programme to equip parents to become part of the children and young people’s workforce.

We have been incredibly fortunate in 2021 to maintain our charitable income and are very grateful to all of our supporters and funders in 2021 for their loyalty and generosity. It is likely that we have yet to see the full impact of the pandemic on mental health so our passion and commitment to making a positive and lasting contribution to children and young people’s mental health remains.

Richard Waller QC Chair

Clare Stafford CEO

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TRUSTEES’ REPORT

The Trustees (who are also the directors of the charity for the purposes of the Companies Act) present their statutory report together with the audited financial statements of The Charlie Waller Trust (“the Trust”) for the year ended 31 December 2021. The report has been prepared in accordance with Part 8 of the Charities Act 2011 and it is also the report of the directors for the purposes of the Companies Act 2006. The financial statements have been prepared in accordance with the accounting policies set out on pages 31 to 33 and comply with Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), effective from accounting periods commencing 1 January 2015 or later.

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OBJECTIVES AND ACTIVITIES

The Charlie Waller Trust was created by the Waller family in 1997 in response to the loss of their son and brother Charlie to suicide having suffered from depression. We have since become one of the UK’s most respected mental health charities.

Our overarching mission is to educate young people – and those with responsibility for them, so parents and carers, teachers, college and university staff, and employers – about their mental health and wellbeing.

We aim to improve their understanding of mental health, to give them the knowledge and skills to support themselves and look out for those around them, and to give them greater confidence in talking openly about the subject. By enabling more open and better-informed conversations, we aim to further reduce the stigma that still surrounds mental health.

Our focus is on supporting all young people, throughout their journey from primary school age to the early years of their working lives, and understanding the crucial role that parents, carers and families play in this. We also recognise that some children and young people have increased vulnerability to mental health problems for reasons of social and economic disadvantage, sexuality, race or disability.

In 2021, the Trust continued its digital delivery of training, advice and resources and took opportunities for face to face engagement when restrictions permitted. All educational settings, and schools in particular, continued to face significant challenges throughout the year, in enabling an educational catch-up, in addressing the problems created by lockdown and isolation and in absences due to covid. We therefore saw a reduction in our traditional model of training delivery, whether in person or online. Our focus instead was to establish a sound basis for expanding our parent and carer support, responding to an increase in the prevalence of eating disorders by expanding our delivery of carers’ skills workshops and further developing our digital offer.

The Charities Act requires the Trustees, in exercising their powers or duties, to have due regard to the public benefit guidance published by the Charity Commission.

The Trustees are mindful of this obligation and refer to the guidance when reviewing the Trust’s aims and objectives and in planning future activities. In particular, they have considered how planned activities will contribute to these aims and objectives, as described in this report.

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The Trustees have maintained an ethos of being hopeful, positive and purposeful in addressing the mental health of children and young people, whilst also recognizing the very significant struggles that some face and the context of the pandemic, climate change and economic concerns that can have an adverse impact.

The objectives of the Trust are as follows:

We do this by:

Our values and the way we work:

there is more than one reason people may be vulnerable to mental health problems, discrimination or inequality.

The following operating principles underpin all our work.

Strategic enablers:

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SUMMARY OF IMPACT

Our charitable delivery in schools, colleges, universities and workplaces helps to create a culture of mental health and wellbeing using a ‘whole organisation’ approach. This involves a blended offer of training, talks, consultation and advice, literature and digital materials so that a school, university, employer or other organisation can address all aspects of mental health and wellbeing.

Our work is bespoke, responsive and flexible to meet need and is evidence-based and evidence-informed.

The following summary of our impact highlights what we achieved in 2021.

COMMUNICATIONS

24,606 17,860 PUBLICATIONS NEWSLETTERS SENT OUT SENT OUT

99,800 USERS VISITED OUR WEBSITE 20,900 DOWNLOADS 331,500 PAGE VIEWS 7,500 VIDEO VIEWS

SCHOOLS AND FAMILIES PROGRAMME

535 PEOPLE ATTENDED OUR OPEN ACCESS TEEN BRAIN WEBINARS

96.4% SAID THEY FELT MORE EQUIPPED TO SUPPORT YOUNG PEOPLE AFTER ATTENDING OUR WEBINARS

WE DELIVERED 296 SESSIONS TO 18,152 ATTENDEES

21 PARENT SUPPORT GROUPS IN OUR PLACE NETWORK

25 TEEN BRAIN SESSIONS DELIVERED TO

99,800 USERS VISITED OUR WEBSITE

1,143 ATTENDEES

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COLLEGES AND UNIVERSITIES PROGRAMME

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78
COLLEGES
BEGAN
USING C-MET
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186 SESSIONS TO 5,002 ATTENDEES

10,404 VISITS TO OUR HE AND FE E-LEARNING PORTALS

WORKPLACE PROGRAMME

86 SESSIONS DELIVERED TO 2,032 PEOPLE

PRIMARY CARE PROGRAMME

361 GP TRAINERS, TRAINEES, PRACTISING GPS AND NURSES TRAINED

Evaluation of our training is consistently excellent across a range of measures. A snapshot from 275 attendees we have worked with in 2021:

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good 21%
Knowledge
and expertise
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79% outstanding

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good 31%
Ability to
promote
practical
strategies
68% outstanding
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98% would use The Charlie Waller Trust again

Very engaging speaker with a great knowledge and using terms that can be easily related to my families and pupils to understand and use.

9

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ACHIEVEMENTS AND PERFORMANCE

Raising awareness of depression and other common mental health problems

Total items sent out in 2021:

Publications – 24,606 Books – 888

The Trust further developed its range of digital publications, which together with our hard copy resources represents a significant element of our charitable activity and impact.

Workplace Wellbeing, returning to work:

In response to the continuing impact of the covid pandemic we wrote and collaborated on key publications in 2021:

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A guide for college staff
Talking
about suicide
partnership withWritten in
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In response to heightened concern from staff in Further Education Colleges in the context of the disruption and isolation caused by the covid pandemic we produced ‘Talking about Suicide – A Guide for College staff.’

Wellbeing Action Plan

Our Wellbeing Action Plans continued to be a very popular resource in 2021:

Dead easy to use. It helped me a lot. It helped me and my dad.

Gave the young person goals to work towards to start making steps to improving their wellbeing.

It’s simple, personal and short. The printed format was so useful, it was so lovely to read through it with my students and then they were able to take it home.

10

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Book club

The Charlie Waller Mental Health Book Club for schools and other youth settings received generous funding support from the Foyle Foundation. In 2021, we sent out two new books to over 880 teachers and support staff: ‘The Amazing A-Z of Resilience’ for primary schools and ‘The CBT Art Activity Book’ for secondary schools.

I have found all your books really helpful especially working remotely with children - many thanks.

This book enables us to work with those who struggle to verbalize their worries.

Incredible for so many of our children. Many of our children experience ACEs that impact their resilience and this is so good to support them and their parents to make positive changes.

Wellbeing Challenge

Our Wellbeing Challenge in 2021 was affected by the pandemic with very few schools managing to complete it. This will be reviewed for 2022 as the educational catch-up continues.

Social media highlights

Our reach on social media increased gradually during 2021. We now have over 6,800 followers on Twitter, just under 3,700 on Facebook, 1,870 on Instagram and 1,050 on LinkedIn (our fastest growing platform).

Our most successful posts included those highlighting major fundraising efforts, such as the ‘Charlie’s Challenge’ cycling event undertaken by friends and family of Charlie, and promoting new resources such as our series of animations to help university staff support students’ mental health.

Website

Launched in 2020, the Trust’s new website continues to attract a steadily increasing number of visitors, peaking at 26,450 in the fourth quarter of 2021. Our resource pages remain the most popular (after the home page) and there was a total of 20,871 downloads across the year.

Media coverage

The Trust featured in a range of broadcast coverage throughout 2021, including a feature on regional TV programme BBC South Today about Luke Owens’ seven marathons fundraising challenge; radio interviews with trainer Gemma Fieldsend on parents and carers supporting their children’s mental health (BBC5 Live) and with Rick Waller promoting our work ahead of the Cambridge Half Marathon (BBC Radio Cambridgeshire).

In print, a five-page main feature by trainer Dr. Sheila Hardy on improving the physical health of people with severe mental illness appeared in Practice Nurse; and there were articles about the Trust in several local and regional titles, including the The Yorkshire Post, Newbury Weekly News, Henley Standard and others.

Charlie Waller newsletter

Our own twice-yearly newsletter now reaches nearly 18,000 people with information about the work of the Trust and on how to look after your mental health.

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THAMES MARVELS
SEPT 2021 • ISSUE 44
NATURE NURTURES!
AND MENTAL HEALTHYOUNG PEOPLE, TRAUMA
for mental healthChannel swimming adventures
of being in natureThe mental health benefits
A clinician’s view
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In 2021 it continued to provide thoughtprovoking content on topics including trauma and its effects of the mental health of young people; the relationship between nature and mental wellbeing; public mental health; and the psychological effects of loneliness.

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SCHOOLS AND FAMILIES

In 2021 the Trust took an active role in influencing within the children and young people’s mental health sector via our CEO, Clare Stafford, as the Vice-chair of the Children and Young People’s Mental Health Coalition. We were proactive in both training and research for the new government funded mental health support teams and were successful in becoming a provider of senior mental health lead training, in partnership with the Charlie Waller Institute.

As a member of staff working with vulnerable pupils, l found it extremely helpful to discuss ways to talk with young people when there is a worry /risk of selfharm or suicidal thoughts. It has given me more confidence to ask difficult questions as a way of best supporting the children.

In 2021 we delivered 296 sessions to 18,152 teachers, parents and pupils and developed live open access webinars in addition to continuing our Teen brain workshops to 1,678 attendees.

I wanted to share the effect that your talk has had and that your message didn’t stop with me. I have talked openly with my husband and daughter about an awareness of our feelings and those closest to us and the importance of having someone to share those thoughts and feelings with. I have mentioned the Charlie Waller charity and the dense library of online resources to our teams and I have proactively reached out to friends who I know are worried about their children and pointed them to the website. The power of your talk has rippled to at least another 15.

In 2021 we continued to run and develop The PLACE Network for individuals and organisations who run and set up groups for parents of children with mental health issues. Evidence shows that parent peer support can lead to better outcomes for children and young people, as well as encouraging self-care for families supporting a child. We commissioned an independent evaluation of our parent support model, using the Rollercoaster Support group in Durham. Conducted by the University

of Northumberland and the Association of Young People’s Health, the study demonstrated measurable benefits. Trustees have the ambition of establishing a national parent peer support workforce and laid the foundations for this by co-producing with PLACE Network parents and carers a competency framework and training curriculum.

In response to the increased mental health need, especially among more vulnerable groups and in respect of eating disorders, we delivered more sessions for parents on the Teen Brain and delivered significantly more New Maudsley Carers Skills workshops.

I have been thinking a lot lately about the training you gave to my husband and me and I will always be eternally grateful to you. It’s only in the last few months that I can feel calm talking about Anorexia and so I feel more able to put your guidance into action more often. I have realised that fear was a major factor... and caused me to be controlled by the illness as well as (my daughter). Gradually my fear is melting away and so I am no longer blinded by it...... in rescue mode and always on high alert. Anorexia is a cruel illness, but it can be beaten and there is life after it.

(My daughter) has gone from strength to strength…she feels so passionate about helping other sufferers to see the light and move away from the illness and it’s like she’s carving a pathway in life for herself during her recovery. I believe that your training for us has helped her enormously too, so much so that she believes support from family and friends is crucially important and possibly the most effective in helping the sufferer move forward. If there is anything I can do to give something back or help someone to feel hope, please let me know.

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SCHOOLS AND FAMILIES

Partnership highlights:

Our partnership with Boys in Mind/Girls Mind Too in Bath and North East Somerset continued in 2021. This youth-led team continued to work with schools and produce film and video resources to tackle stigma and raise awareness of mental health.

We continued as a partner in the i-CATS academic study, University of Oxford.

Highlights in 2021:

Colleagues at the Centre for Mental Health collaborated with us to form a partnership to develop our parent peer support proposals.

Fears, worries and anxiety are a normal part of childhood, but for some children anxiety has a negative impact on their day-to-day lives. These children may benefit from support or intervention to help them manage and overcome their difficulties with anxiety. The i-CATS study will help more children with anxiety problems receive effective support when they first need it.

i-CATS Team, Principle Investigator, Professor Cathy Cresswell

We partnered with the University of Sussex and the Kent Surrey and Sussex Academic Health Science Network to research the impact of new Mental Health Support Teams. CWT led the pupil element through small group activities, which showed that trusting relationships with school staff was a key element for them – both as a barrier and enabler to seeking help.

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COLLEGES AND UNIVERSITIES

The Charlie Waller whole college/university approach to Mental and wellbeing continued in 2021 although the Trust found that the demands and strain placed on students, staff and institutions as a result of the pandemic made it far more difficult to engage in anything outside of core and urgent business.

In addition to our whole college/university partnership work we delivered talks and training sessions at universities (excluding those with which we have partnerships), in 2021, reaching 5,002 participants.

Excellent opportunity to hear how others have adapted to our new ways of working. Some inspiring ideas.

Good information, concisely delivered. Really useful resource for learning and teaching.

Partnership highlights:

We wrote a guide for post graduate students in science, technology, engineering and maths in partnership with Jonathan’s Voice.

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Protecting your
mental health
research students in STEMA practical guide for postgraduate
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We continue to collaborate with the Association of Colleges in reaching the FE sector and produced a new digital selfevaluation toolkit ‘C-MET’ to help Colleges measure and track progress in their whole college approach to mental health.

We continued to partner with Nightline to deliver ‘Suicide calls’ training to enable student volunteers to respond effectively and safely to students in suicidal distress and in 2021 were able to support Nightline in adopting a consistent operational policy across all their university sites.

Our blended offer of training, advice and resources includes ‘Keeping Mental Health in Mind’, e-learning package for non- specialist staff in universities and colleges which reached reached over 10,000 individual users in 2021. Our Students Against Depression (SAD) website had 77,082 users in 2021 and received around 157,910 page views.

Nightlines run in 31 universities covering a student population of 1.4 million.

We partnered with the Charlie Watkins Foundation to produce a series of guides for young people going through the transition from school to university.

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Produced in partnership with:
A guide for international students
Making the move to university:
looking after your mental health
A guide for care leavers
A guide for students who have had adverse childhood experiences
Produced in partnership with:
Produced in partnership with:
looking after your Making the move mental healthto university: looking after your Making the move mental healthto university:
Produced in partnership with:
feel they might not fit inA guide for students who
Making the move
looking after your mental healthto university:
Produced in partnership with:
looking after your Making the move mental healthto university:
A guide for young carers
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We also partnered with BACP the professional body for over 50,000 registered therapists to provide specialist training for counsellors based in colleges and universities.

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WORKPLACE

In 2021 Trustees were pleased to launch a new Charlie Waller Workplace Mental Health programme and this is now positioned as income generating.

The Charlie Waller framework for mental health and wellbeing at work has been created to empower businesses to build, and maintain, good mental health in the workplace. Our expert team offers practical, evidence-based consultancy, training and support, tailored to an organisation’s needs.

… an amazing trainer, very relatable and knowledgeable. Managers are saying their awareness and understanding is so much wider and they’re benefitting from attending the sessions. It’s been such a positive experience.

2021 was the second year of disruption to business, the economy and workplaces caused by the Covid pandemic. This meant that although mental health at work became more prominent, the capacity to engage with meaningful wholeorganisation strategies to address this was under strain. In partnership with sector colleagues we produced a COVID-19 return to work guide.

In 2021, we delivered 86 sessions to 2,032 people in the workplace. We also organised a successful conference to launch our new workplace offer.

Best conference I have been to in several years.

A well formatted event with engaging speakers.

Partnership highlights:

We have offered mental health training and advice to One Million Mentors, a communitybased mentoring service that aims to improve the career chances of young people.

Thanks for this useful training. I am already implementing what I learnt from the workshop in my personal and professional life as well as in my interaction with my mentee. I am most grateful for the opportunity to learn, share and implement.

We are a member of the Council for Work and Health and are active in their mental health group.

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PRIMARY CARE

Trustees took a strategic decision in 2021 to not expand and develop our work in primary care, to narrow the range of charitable activities we deliver and ensure greater focus and impact in those areas. We maintained a very small team who continued to deliver high quality training and digital education.

361 GP trainers, trainees, practising GPs and nurses received Charlie Waller training in 2021.

Practice nurse e-learning

CHARLIE WALLER INSTITUTE, UNIVERSITY OF READING

6,457 total users over all the modules

Modules:

My confidence on the approach to alcohol dependence is much improved since doing this module. I am also now more aware of the various support resources available to patients.

Really helpful and will enable me to continue training and supporting nurses.

In 2021 Trustees continued their support to the Chair in evidence-based psychological treatments at the University of Reading. Dr Stella Chan has furthered her research into soothing images, an evidence-based library of images that can boost mood and wellbeing and established the Reading Resilience Network, to promote and share research activities that can build resilience amongst children and young people.

Both the Chair and the Trust work closely with the Charlie Waller Institute (CWI) which trains new clinicians into the workforce, educates existing clinicians in the latest evidencebased treatments and provides education for undergraduates and postgraduates.

Professor Stella Chan Chair in Evidence-based Psychological Treatments

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FUNDRAISING PERFORMANCE AND APPROACH

The Trust relies on and benefits from the generosity of individual supporters, grantmaking bodies, corporate partners and other organisations to continue and expand delivery of charitable activity for our beneficiaries. Thanks to this generosity, and the creative response of the team to the pandemic, the Trustees are pleased to report in 2021 income exceeded £1.4 million. During the second year of the pandemic, and at a time when competition for charitable funding is high, this is an indication of the robustness of our fundraising efforts and that funders believe in both our core purpose and that we deliver our objectives to a high standard. We believe that the year ahead will be challenging due to increased competition for funds and the cost of living crisis, and a key focus will be on ensuring the long-term stability of our income and diversifying our income streams. The Trustees are committed to increasing our income to expand our reach and impact further.

This year all income areas performed beyond budget, with particularly strong results from corporate partnerships and the individual and community fundraising support. Our partnerships with Michelmores and Kepler Cheuvreux contributed substantially, and we benefited from a number of challenge events raising significant income. Our fundraising events were once again impacted by the restrictions of the pandemic, however we started to see a return of some of our annual events towards the end of the year, resulting in an improved performance when compared with 2020. Despite exceeding budget, both the donations and gifts and grant income from trusts and foundations, were down on 2020.

The charity observes and complies with the relevant fundraising regulations and codes and is working towards registration with the Fundraising regulator. During the year there was compliance with these regulations and codes and the Trust received no complaints relating to its fundraising. Our fundraising ethos and practice is one that specifically avoids any activity or behaviour that might be an unreasonable intrusion on a person’s privacy, is unreasonably persistent, or places undue pressure on a person to give money or other property. The Trust does not engage in large scale public fundraising and does not use professional fundraisers. We value our funders and supporters highly and ensure our fundraising team and those who raise funds for us are trained and fully aware of our approach and therefore the charity has taken steps to protect the interest of anyone who may be vulnerable to unreasonable behaviour in relation to fundraising.

Commercial Participation activity in 2021

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VOLUNTEERS

In 2021 we were pleased to be well supported by volunteers, and benefitted from the hard work of 51 volunteers who assisted with fundraising events and activities, sending out mental health resources, office tasks, copywriting, communications and PR.

OTHER GRANTS AND CHARITABLE ACTIVITIES IN 2021

The Charlie Waller Trust is not a grant-making charity, however we occasionally make grants for specific projects or activities that fit with our own charitable objectives.

In 2021 we made a small grant to Nightline to train their student volunteers to respond to callers in suicidal distress.

Trustees were pleased to award another Caroline Gilbey Scholarship in 2021 with a grant of £13,200 to support a scholarship for the high intensity clinical training at the Charlie Waller Institute.

I cannot express how grateful I am for this opportunity – I hope to become successful in this journey and will use the opportunity to work even harder.

Other activities of the Trust included being a partner for academic studies including the Emerging Minds network and iCATS (implementing child anxiety treatments in primary schools) at the University of Oxford and a Masters student placement with King’s College London.

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PLANS FOR THE FUTURE

Children and young people’s mental health is shaped by many social, economic, environmental and biological factors. In 2021 we faced the unprecedented challenges of a global pandemic against the backdrop of the climate crisis.

Trustees therefore believe that building resilience and the psychological capacity to respond to this is crucial for future mental health and wellbeing.

Our plans for 2022 - 2024 focus on key areas where we can achieve the most impact. We believe that this is best achieved by partnerships with fellow charities, government bodies and other organisations. Our plans include:

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FINANCIAL REVIEW

Statement of financial activities

The Trust continued to receive strong and generous support throughout the year. Total Income and Endowments increased by 4.68% to £1,413,842 (2020: £1,350,674). Total Expenditure was £1,617,553 (2020: £1,241,839), an increase of 0.25% from the previous year.

Net expenditure for the year was £203,711 (2020: income £108,835) whilst net gains on investment assets were £79,793 (2020: gains £19,115). This resulted in an adverse net movement in funds of £123,918 (2020: favourable £127,950).

At the year-end the Trust held unrestricted funds of £2,155,612 (2020: £2,246,197) and restricted funds of £33,334 (2020: £66,667).

Details of income are given in notes 2, 3 and 4 to the financial statements. The expenditure on raising funds and on the charitable activities performed in furtherance of the Trust’s charitable objectives is set out in notes 5 and 6.

Reserves policy

The level of reserves is reviewed by the Trustees on a regular basis. The factors taken into account are the Trust’s existing financial commitments and activities, future plans and the uncertain nature of its income. The importance of maintaining adequate reserves is demonstrated by the impact of the Covid-19 pandemic on fundraising.

The Trust has always been dependent on the generosity of those who donate to it or raise funds for it. This support is entirely voluntary and in no circumstances can it be taken for granted.

Income has grown quite significantly over recent years during which there have been two exceptionally successful instances of people raising funds for us. Trends are monitored closely and to an extent the business model is flexible enough to enable expenditure to be reduced in response to a downturn in income. However, against this background and the ever increasing need for the Trust’s services, the Trustees believe it is important to be able to maintain the current level of charitable expenditure for at least two years, during which time it would become clear whether any reduction in income was temporary or not. They do not believe that short term fluctuations in activity are in the best interests of the charity, its reputation or its potential beneficiaries.

It is considered unlikely that all income would cease without warning so financial models have been run to assess the effect of various conceivable levels of income reduction and/or losses in the value of the investment portfolio.

These indicate that the current level of free reserves is broadly appropriate and commensurate with continued operation for two years in the event of a significant but not total loss of income.

Funds are held in cash deposits and listed investments with the capacity to grow in value over the long term.

In addition to designating £250,000 in respect of a further five-year commitment to the Charlie Waller Institute in 2022, the Trustees have designated £598,569 in respect of unfunded projects in the business plan and budget for 2022, which provides for increased charitable expenditure of approximately £1.6 million. Further details of the designations are given in note 15.

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The Trustees acknowledge and recognise the continuing impact of the Covid-19 pandemic on the operations of the charity, its beneficiaries, partners and stakeholders and on wider society, particularly in the field of mental health. Although 2021 saw income remain at the level of 2020, the charity remains vulnerable to Covid-19, however, its financial solvency is not threatened as a result of its prudent reserves policy, which will enable it to maintain its charitable expenditure in the medium term in the event of a significant drop in income.

Investment policy and performance

JM Finn & Co. manage the Trust’s investment portfolio in accordance with the investment policy agreed by the Trustees. The policy is to seek a combined return from income and capital growth, adopting a medium risk profile with no specific minimum of low risk investments. The policy is reviewed annually by the Trustees and adjusted, where necessary, to ensure that it remains appropriate to the Trust’s objectives, tolerances for the acceptance of risk and market conditions.

The total value of the Trust’s portfolio as at 31 December 2021 was £1,059,973; 35% in UK equities and funds and 65% in overseas bonds, equities and alternatives.

Investment gains for the year were £79,793 and income withdrawals totalled £20,355. The total return for the year was +9.77% (benchmark: +12.54%).

Details of the current value of the portfolio are given in note 10.

Risk Management

The Trustees have a duty to identify and review the risks to which the Trust is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trust maintains a risk register which is reviewed by the Board annually as part of its Risk Management Policy.

The Trustees have identified the following key risks:

To mitigate these risks the Trust:

charliewaller.org • hello@charliewaller.org 21

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The Trust is a company, limited by guarantee, as defined by the Companies Act 2006. It was registered as a company on 10 May 2005.

It is the successor to The Charlie Waller Memorial Trust (registered Charity number 1065936, which was established by a Trust deed dated 20 October 1997. On 11 September 2005 all the activities, assets and liabilities of the unincorporated Charity were transferred by Deed to this incorporated Charity. The former unincorporated Charity then ceased activities and was removed from the Register of Charities.

On 25 February 2021 The Charlie Waller Memorial Trust changed its name to The Charlie Waller Trust.

The Charity’s objects are:

Method of appointment or election of Trustees

Trustees are appointed by the members of the company or by the Trustees, in accordance with the Articles of Association.

Policies adopted for the induction and training of Trustees

New Trustees are provided with key governing documents such as the Articles of Association as well as the Trustees’ Report and Financial Statements, Trust policies and an overview of our charitable activities and impact. They are also provided with relevant guidance from the Charity Commission on their role and responsibilities as a Trustee.

Organisational structure and decision making

The business of The Charlie Waller Trust is managed by the Trustees. Trustees’ meetings are held as often as is necessary to run the Trust properly. Normally at least four full meetings are held each year.

In addition the Trustees are supported by the Patrons of the Trust.

The Trust also has Board Advisers consisting of people with specific experience and or national profile in their field who are willing and able to provide occasional advice and guidance to the Board of Trustees.

Key management personnel

The Trustees, together with the staff listed below, comprise the key management of the Trust in charge of directing and controlling, running and operating the Trust on a day to day basis. None of the Trustees are remunerated for their services to the Trust. The remuneration of the CEO is determined with reference to performance and appraisal by the Chair and Treasurer in consultation with the Board of Trustees.

Clare Stafford is the Chief Executive Officer of the Trust and is responsible to the Trustees for overall executive management including the charitable projects of the Trust.

Our Head of Fundraising, Nick Appleby, leads all the Trust’s fundraising activities with support from office staff and individuals and committees who volunteer for the Trust.

charliewaller.org • hello@charliewaller.org 22

TRUSTEES’ RESPONSIBILITIES STATEMENT

The Trustees (who are also the directors of The Charlie Waller Trust for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

charliewaller.org • hello@charliewaller.org 23

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that:

Auditors

The auditors, Villars Hayward LLP, have indicated their willingness to continue in office. A resolution reappointing them as auditors will be put to the Annual General Meeting.

This report was approved by the Trustees on 24 May 2022 and signed on their behalf by:

.........................................................................

Richard Waller QC, Chairman Trustee

charliewaller.org • hello@charliewaller.org 24

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE CHARLIE WALLER TRUST

Opinion

We have audited the financial statements of The Charlie Waller Trust (the ‘charitable company’) for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees’ with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives

charliewaller.org • hello@charliewaller.org 25

rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the annual report.

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities set out on page 5, the trustees (who are also the directors of the charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, Including those leading to a material misstatement in the financial statements or non-compliance with regulation.

charliewaller.org • hello@charliewaller.org 26

This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the charitable company’s trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and the regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Smith ACA, CTA (Senior statutory auditor) for and on behalf of Villars Hayward LLP Chartered Accountants Statutory Auditors Chartered Tax Advisers Boston House Henley-on-Thames RG9 1DY

Date: 27 May 2022

charliewaller.org • hello@charliewaller.org 27

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

Statement of Financial Activities

for the Year Ended 31 December 2021

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Investments
4
Other incoming resources
TOTAL INCOME
Expenditure on:
Raising funds
5
Charitable activities
6
TOTAL EXPENDITURE
NET INCOME / (EXPENDITURE) BEFORE
INVESTMENT GAINS / (LOSSES)
Gains / (Losses) on investment assets
10
NET INCOME / (EXPENDITURE)
7
TRANSFERS BETWEEN FUNDS
OTHER RECOGNISED GAINS / (LOSSES)
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 12 mths to
December
2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
£
£
£
£
1,082,170
15,000
1,097,170
1,067,673
33,624
21,831
55,455
39,565
240,862
-
240,862
225,299
20,355
-
20,355
18,137
-
-
-
-
…......12 mths to end December 2021…......
1,377,011
36,831
1,413,842
1,350,674
299,105
-
299,105
205,592
1,247,529
70,919
1,318,448
1,036,247
1,546,634
70,919
1,617,553
1,241,839
(169,623)
(34,088)
(203,711)
108,835
79,793
-
79,793
19,115
(89,830)
(34,088)
(123,918)
127,950
(755)
755
-
-
-
-
-
-
(90,585)
(33,333)
(123,918)
127,950
2,246,197
66,667
2,312,864
2,184,914
2,155,612
33,334
2,188,946
2,312,864

The notes on pages 31 to 38 form part of these financial activities

28

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

Balance Sheet

at 31 December 2021

Balance Sheet
at 31 December 2021
31 Dec 2021 31 Dec 2020
Notes £ £
Fixed Assets:
Tangible assets 9 27,662 22,941
Investments 10 1,059,973 985,685
Total Fixed Assets 1,087,635 1,008,626
Current Assets:
Debtors 11 134,193 103,129
Cash at bank and in hand 1,198,251 1,370,585
Total Current Assets 1,332,444 1,473,714
Liabilities:
Creditors: amounts falling due within one year 12 (231,133) (119,476)
Net Current Assets 1,101,311 1,354,238
Total Assets less Current Liabilities 2,188,946 2,362,864
Liabilities:
Creditors: amounts falling due in more than one year 13 - (50,000)
Total Net Assets 2,188,946 2,312,864
The Funds of the Charity
Restricted funds 15
The Band Trust 33,334 66,667
33,334 66,667
Unrestricted funds 15 2,155,612 2,246,197
Total Charity Funds 2,188,946 2,312,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with section 476 of the Companies Act 2006.

The directors (trustees) acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its gain or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Trustees on 24 May 2022 and were signed on its behalf by:

Richard Waller QC, Chairman

The notes on pages 31 to 38 form part of these financial activities

29

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

Statement of Cash Flows for the Year Ended 31 December 2021

Statement of Cash Flows
for the Year Ended 31 December		 2021
2021 2020
Notes £ £
Net cash provided/(used) by operating activities 14 (186,852) 83,952
Cash flows from investing activities:
Plus dividends, interest and rents from investments 20,355 18,137
Less purchase of fixtures and fittings (11,341) (7,347)
Plus proceeds from the sale of investments 357,638 556,323
Less purchase of investments (352,134) (303,236)
Net cash provided by investing activities 14,518 263,877
Change in cash and cash equivalents in the reporting period (172,334) 347,829
Cash and cash equivalents at the beginning of the reporting period 1,370,585 1,022,756
Cash and cash equivalents at the end of the reporting period 1,198,251 1,370,585

The notes on pages 31 to 38 form part of these financial activities

30

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

Notes to the Financial Statements for the Year Ended 31 December 2021

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

Basis of preparation

These financial statements have been prepared for the year to 31 December 2021.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these financial statements.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102) issued on 16 July 2014, Update Bulletin 1 issued on 2 February 2016, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

No significant accounting estimates or judgements were required or made by the Trustees in the presentation of the financial statements.

The full impact of the recent global coronavirus pandemic is still unknown. It is therefore not currently possible to evaluate all the potential implications for the Trust’s activities, beneficiaries, funders, suppliers and the wider economy. In particular the value of the listed investments (see note 10) is subject to a greater degree of uncertainty and volatility after the balance sheet date.

As set out in these accounting policies under ‘Assessment of going concern’, the Trustees have considered the impact of the pandemic on the Trust and have concluded that although there may be some negative consequences, it remains appropriate for the Trust to continue to prepare its accounts on the going concern basis.

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made the assessment in respect to a period of one year from the date of approval of these financial statements.

The Trustees of the charity have concluded that there are no uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

Income recognition

Income is recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

3130

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

Income from investments comprises income earned on the charity’s listed investments and interest on cash deposits. Dividends are recognised once the dividend has been declared and the amount has been received. Interest on funds held on deposit is included when received and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, and any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donations and event income are recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Support costs are allocated to activity costs on the basis of a reasonable estimate of the time spent supporting the activities.

All resources expended are inclusive of irrecoverable VAT.

Fund accounting

Unrestricted funds represent general funds available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust. Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Investments

Listed investments are a form of basic financial instrument and are initially recognised at their transactional value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

The charity does not acquire put options, derivatives or other complex financial instruments.

Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted at the present value of the future cash receipt where such discounting is material.

32

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

Cash at bank and in hand

Cash at bank and in hand represents such amounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than a one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Operating leases

Payments in respect of operating leases are charged to the SOFA on a straight line basis over the term of the lease.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fixed Assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. Depreciation is provided at the rate of 25% on written down value.

33

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

2. INCOME AND ENDOWMENTS FROM:
Donations and legacies
Individual & Community Fundraising
Individual Giving
Donations received from other trusts and foundations
Donations received from training activities
Corporate Giving
Tax recoverable (Gift Aid)
Donations received for resources
3. INCOME AND ENDOWMENTS FROM:
Charitable activities
Other Contracts
Workplace training
4. INCOME AND ENDOWMENTS FROM:
Investments
Listed investments
Cash investments
5. EXPENDITURE ON RAISING FUNDS
Direct costs of fundraising
Support and office expenses		 2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
£
£
£
£
264,238
-
264,238
93,928
176,079
-
176,079
244,202
308,539
15,000
323,539
512,514
115,438
-
115,438
103,759
146,972
-
146,972
62,666
69,149
-
69,149
49,647
1,755
-
1,755
957
…………...………. 2021 ……………………..
1,082,170
15,000
1,097,170
1,067,673
-
21,831
21,831
39,565
33,624
-
33,624
-
33,624
21,831
55,455
39,565
20,213
-
20,213
17,210
142
-
142
927
20,355
-
20,355
18,137
188,952
-
188,952
115,575
110,153
-
110,153
90,017
299,105
-
299,105
205,592

34

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

6. EXPENDITURE ON CHARITABLE ACTIVITIES
Schools & Families Programme
Colleges & Universities Programme
Workplace Programme
Primary Care Mental Health Education Programme
Resources & Materials
Support and governance costs (see note below)
Grants paid to Institutions (see note below)
Other Contracts
Support and governance costs
Programme direction
Support costs
Audit and other professional fees
Trustees expenses
Grants paid to Institutions
Ted Fort Practice Nurse Bursaries
Nightline - Suicide Calls Project
CWI - C.Gilbey scholarship - Postgrad Dip		 2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
£
£
£
£
343,430
37,586
381,016
299,538
192,815
33,333
226,148
147,702
190,390
-
190,390
125,466
32,859
-
32,859
28,895
159,179
-
159,179
117,994
287,616
-
287,616
258,039
20,080
-
20,080
17,400
21,160
-
21,160
41,213
…………...………. 2021 ……………………..
1,247,529
70,919
1,318,448
1,036,247
63,510
-
63,510
60,302
205,381
-
205,381
191,948
18,698
-
18,698
5,744
27
-
27
45
287,616
-
287,616
258,039
-
-
-
3,000
5,000
-
5,000
5,000
15,080
-
15,080
9,400
20,080
-
20,080
17,400

35

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

7. NET INCOME / (EXPENDITURE) 2021 2020
£ £
This is stated after charging:
Depreciation of tangible fixed assets:
- owned by the company 6,621 1,843
Auditor's remuneration 8,100 4,754
Auditor's other fees 690 990
8. STAFF NUMBERS
The average monthly number of employees during the year was as follows;
No. No.
Charitable activities 6 5
Administrative 3 3
Fundraising 4 3
13 11
STAFF COSTS AND THE REMUNERATION OF KEY MANAGEMENT PERSONNEL
£ £
Staff - Salaries, wages and pension contributions 279,804 207,020
CEO - Salaries, wages and pension contributions 71,243 68,842
Staff - Employers National Insurance costs 23,966 11,711
CEO - Employers National Insurance costs 8,145 6,535
9. TANGIBLE FIXED ASSETS
Fixtures and fittings
£
Cost
At 1 January 2021 42,297
Additions 11,341
At 31 December 2021 53,638
Depreciation
At 1 January 2021 19,355
Charge for the year 6,621
At 31 December 2021 25,976
Net book value
At 31 December 2021 27,662
At 31 December 2020 22,941

36

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

10. FIXED ASSET INVESTMENTS
Market value of listed investments portfolio at 1 January 2021
Movement on cash held investment portfolio;
Additions at cost
Sales proceeds
Net gain/(loss) on revaluation
Profit/(loss) on sale
Market value of listed investments portfolio at 31 December 2021
Analysed as follows:
Fixed Interest - Overseas bonds
Equities & funds - UK
Equities & funds - Europe
Equities & funds - Asia ex. Japan
Equities & funds - Overseas
Equities & funds - Global themed
Equities & funds - Emerging markets
Alternatives
Historical cost
Investments that represent over 5% of the total portfolio were as follows:
Allianz Global Investors GMBH Strategic Bond
Allianz Technology Trust PLC ORD GBP 0.25
AstraZeneca ORD USD 0.25
CG Portfolio Fund PLC Real Return A INC
HALMA ORD GBP 0.10
Impax Environmental Markets ORD SHS GBP 0.10
Link Fund Solutions Ltd Trojan X Acc
London Stock Exchange Group ORD GBP 0.6918604
Nestle SA CHF 0.10 (REGD)
Pacific Assets Trust ORD GBP 0.125
Rio Tinto PLC ORD GBP 0.10
Worldwide Healthcare Trust ORD GBP 0.25
Diploma PLC ORD GBP 0.05
Link Fund Solutions Ltd Ruffer Total Return Inc
Troy Trojan Fund X Acc
Investments at market value comprise:
Listed investments		 2021
2020
£
£
985,685
1,219,657
352,134
303,236
(357,639)
(556,323)
64,464
22,451
15,329
(3,336)
1,059,973
985,685
166,860
246,694
370,675
342,825
67,138
56,027
-
54,004
37,870
215,923
229,537
-
28,735
-
159,158
70,212
1,059,973
985,685
683,582
673,758
-
99,412
93,413
96,674
65,085
54,930
166,860
147,283
80,000
61,225
82,050
63,375
-
70,212
-
61,705
67,138
56,027
-
54,004
62,373
69,743
54,075
55,875
72,541
-
80,300
-
78,858
-
902,693
890,465
1,059,973
985,685

At the date of signing of the Trustees’ annual report on 24 May 2022, the market value of the listed investment portfolio was £926,846.

37

The Charlie Waller Trust (A company limited by guarantee) Trustees' Report and Financial Statements for the year ended 31 December 2021

11. DEBTORS
Other debtors
Tax recoverable
Fundraising event funds still to be received
12. CREDITORS
Amounts falling due within one year
Other creditors, accruals and deferred income
Funding committed not yet paid
Deferred Income
Deferred income at 1 January 2021
Incoming resources deferred during the year
Amounts released from previous years
Deferred income at 31 December 2021
13. CREDITORS
Amounts falling due after more than one year
Funding committed not yet paid
14. Reconciliation of net income to net cash flow from operating activities
Net income/(expenditure) for the reporting period (as per the SOFA)
Add back depreciation charges
Deduct interest income shown in investing activities
Deduct gains/add back losses on investments
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
Net cash provided by/(used in) operating activities		 2021
2020
£
£
106,272
78,547
20,496
19,446
7,425
5,136
134,193
103,129
136,074
119,476
95,058
-
231,132
119,476
12,671
20,605
8,129
11,471
(6,751)
(19,405)
14,049
12,671
-
50,000
(123,918)
127,950
6,621
1,843
(20,355)
(18,137)
(79,793)
(19,115)
(31,064)
31,337
61,657
(39,926)
(186,852)
83,952

38

The Charlie Waller Trust (A company limited by guarantee)

Trustees' Report and Financial Statements for the year ended 31 December 2021

15. THE FUNDS OF THE CHARITY
Unrestricted funds
Designations
Charlie Waller Institute Chair fund(2023 - 2028)
CWI C.GilbeyscholarshipPostgrad Dip
Nightline, Suicide Calls Project Grant 2020-2021
Implementation of Digital StrategyImplementation
Boys in Mind / Girls Mind Too Project
Parent/Carer Peer Support
Teen Brain workshop
Newham CommunityCollege Project
Increase academicpartnerships
Digital mental health assessment/evaluation toolkit
eLearningdevelopment inc. additional moduals & continuous development
Studentparticipation videos
Schools book club
Ted Fort Bursary
Website, CRM & elearningdevelopment
Other unfunded expenditure in budget and businessplan
General funds
Restricted funds
Other contracts
Restricted grant - Foyle Foundation
Restricted grant - The Band Trust		 15. THE FUNDS OF THE CHARITY
Unrestricted funds
Designations
Charlie Waller Institute Chair fund(2023 - 2028)
CWI C.GilbeyscholarshipPostgrad Dip
Nightline, Suicide Calls Project Grant 2020-2021
Implementation of Digital StrategyImplementation
Boys in Mind / Girls Mind Too Project
Parent/Carer Peer Support
Teen Brain workshop
Newham CommunityCollege Project
Increase academicpartnerships
Digital mental health assessment/evaluation toolkit
eLearningdevelopment inc. additional moduals & continuous development
Studentparticipation videos
Schools book club
Ted Fort Bursary
Website, CRM & elearningdevelopment
Other unfunded expenditure in budget and businessplan
General funds
Restricted funds
Other contracts
Restricted grant - Foyle Foundation
Restricted grant - The Band Trust		 Brought
Forward
Income
Expenditure
Gains/ (Losses)
Transfers
Carried
Forward
£
£
£
£
£
£
250,000
-
-
-
-
250,000
CWI C.GilbeyscholarshipPostgrad Dip 9,400
-
(9,400)
-
-
-
Nightline, Suicide Calls Project Grant 2020-2021 5,000
-
(5,000)
-
-
-
Implementation of Digital StrategyImplementation 62,055
-
(62,055)
-
-
-
Boys in Mind / Girls Mind Too Project 70,000
21,281
(54,755)
-
5,520
42,046
Parent/Carer Peer Support 68,580
-
(63,616)
-
136,191
141,155
Teen Brain workshop 8,360
-
(5,550)
-
(2,810)
-
Newham CommunityCollege Project 40,000
-
(15,807)
-
-
24,193
Increase academicpartnerships 25,000
-
-
-
(25,000)
-
Digital mental health assessment/evaluation toolkit 23,000
-
(23,000)
-
-
-
eLearningdevelopment inc. additional moduals & continuous development 23,000
-
-
-
-
23,000
Studentparticipation videos -
-
-
-
13,000
13,000
Schools book club -
-
-
-
15,000
15,000
Ted Fort Bursary -
-
-
-
3,000
3,000
Website, CRM & elearningdevelopment -
-
-
-
15,000
15,000
Other unfunded expenditure in budget and businessplan 268,894
-
-
-
53,281
322,175
853,289
21,281
(239,183)
-
213,182
848,569
1,392,908
1,355,730
(1,307,451)
79,793
(213,937)
1,307,043
2,246,197
1,377,011
(1,546,634)
79,793
(755)
2,155,612
-
21,831
(21,160)
-
(671)
-
-
15,000
(16,426)
-
1,426
-
66,667
-
(33,333)
-
-
33,334
66,667
36,831
(70,919)
-
755
33,334
2,312,864
1,413,842
(1,617,553)
79,793
-
2,188,946
. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year		 2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
£
£
£
£
27,662
-
27,662
22,941
1,059,973
-
1,059,973
985,685
1,299,110
33,334
1,332,444
1,473,714
(231,133)
-
(231,133)
(119,476)
-
-
-
(50,000)
…………...………. 2021 ……………………..
2,155,612
33,334
2,188,946
2,312,864

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

17. CONTROLLING PARTY

The charity as a company limited by guarantee is controlled by the guarantors.

18. RELATED PARTY TRANSACTIONS

During the year, no Trustee received any remuneration (2020 - £nil). During the year, no Trustee received any benefits in kind (2020 - £nil). One Trustee received reimbursement of expenses amounting to £27 in the current year for travel expenses (2020 - One Trustee - £45). In addition, the Trustees took out Trustee indemnity Insurance at a cost of £5,614 (2019 - £5,063).

During the year, unconditional donations totalling £613 (2020 - £3,185) were received from the trustees.

19. POST BALANCE SHEET EVENTS

The Trustees have considered the ongoing effects of the pandemic on the Trust’s operations and have concluded that the impact on them in the foreseeable future is manageable.

20. FINANCIAL COMMITMENTS

At the balance sheet date, the charity had financial commitments of £Nil (2020: £62,055) for the implementation of digital strategy over the next financial period.

39

Remembering Charlie

Charlie Waller was a strong, funny, popular, good-looking and kind young man, with a close and loving family. To the outside world, he had everything to live for. Yet in 1997, at the age of 28, Charlie took his own life. He was suffering from depression.

In response to this tragedy, his family founded The Charlie Waller Trust, to open up the conversation around depression, and to ensure that young people are able to understand and look after their mental health and to spot the signs in others.

Charlie sits at the heart of our story, our vision and our purpose.

THANK YOU

We rely on the generosity, energy, skills and commitment of our supporters, donors and volunteers in order to continue our work.

We are enormously grateful for any donation, large or small, and would like to thank all the individuals, trusts, companies, schools, colleges, universities and other organisations whose support enables us to move closer to our vision.

Our vision is of a world where people understand and talk openly about depression, where young people know how to maintain wellbeing, and where the most appropriate treatment is available to everyone who needs it.

GET IN TOUCH hello@charliewaller.org 01635 869754

FIND OUT MORE charliewaller.org

FOLLOW US

The Charlie Waller Trust

First Floor • Rear Office • 32 High Street • Thatcham • Berkshire RG19 3JD Registered Charity No. 1109984