COMPANY REGISTRATION NUMBER: 05712128 CHARITY REGISTRATION NUMBER: 1119533 he Confederation ol Healing Organisations .4dvdic Illi rlie Company Limited by Guarantee Independently Examined Financial Statements 30 June 2023 CHALMERS HB LTD Chartered Accountants 20 Chamberlain Street Wells Somerset BA5 2PF
The Confederation of Healing Organisations Company Limited by Guarantee Financial Statements Year ended 30 June 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's raport to the trustees Statement of financial activities (including income and expendilure account) Statement of financi81 position Notes to the financial statements 10 11 13
The Confederation of Healing Organisations Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 30 June 2023 Pagg 1 Th9 trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year gnded 30 June 2023. Objectives and activities The Charity s object is to advance heatth by promoting high stsndards in healing for the public benefit and in parbcular by.. providing infomation on healing to the gener81 publlc., supporting and providing educats'on and training in heallng,. and establishing aThJ maintaining proper standards of practice in healing. Public Bènefit The Charity tfUStee5 ex8rcise due regatd to the guidance on public benefit issued by the Charity Commission when exercising their powers 01 duties and ensure thal all projects and aclrvities undertaken are in line with the Charity's objectives. Structure, governance and managèment Governing documenl The Confederation of Healing Organisalions is a charitable company limited by guaranteo, incorporated on 16th February 2006 and was registered a5 a charity on 6th June 2007. The company was established under a Memorandum of Association, which establisheé the objects and powets of the choritabl8 company and is governed undgr its Article5 of Association. In the event of the company being wound up members are to contribute an amount not exceeding £10. Appointmgnt of members The directors of the company are also Charity trustees for the purposes of charity law and under the company's Articles are known as trustees. Under the requirements of the Memorandum and Articles of Associ8tion, Ihè trustees are elected to serve for a period of three years, after which they must be re-elected if they wish to continue. Trustee induction and tralnlng New trustèes undergo an orientation procedure lo brigf them on their legal obllgalions under charity 18W, the content of the Memorandum and Articles of Association, the board and decision making processes, the business plan, strategy and recent performance of the Charity, plus the variou5 processes aryj procedur8s developed to ensure the smooth Nnning of the Charity and to compty with business and charity law. Dunng the indurtion they meet the other trustees and are encouraged lo attend appropriate external training events where these will farylitale the undertaking of their role. The trustees continue to be mindful of succession planning. Trustee vacancies have been advertised on the Charity website, on our social media chonnels, newsletters and amongst our members. We have reached out to potential Iruste88, bLrt so fer without success.
The Confederatlon of Healing Organisatlons Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) fconUn&todJ Year ended 30 June 2023 Page 2 Structure J governance and managèment (con¢thu&d) Organisation The Board of Tfustees is the Governing Body of The Confederation of Healing Organisalions {CHO) and has overall responsIlity for strategic direction and oversight of manag8menl decisions. Day to day management of the Charity is the responsI'11ty of the Chief Executive Officer, who has fortnightly management meetings with the Joint Chairs of the Charity then reports are sent to the Board. The Chief Executive Officer, AdministralorNarketing Manager and BRCP Membership Manager also report quarterly to the Board. The Board and Chief Executive Officer are supported by ari AdministratorNarketing Manager., Niki Torkington acCeed this new position starting 1 January 2023. The British Register of Complementary Practitioners (BRCPI is owned and 8dnwnisteied by The CHO. The CHO Chief Executive Officer abo h8S the position of BRCP Registrar, and there is a dedicated BRCP Membership Manager to support day lo day operations. Discipline specific Advisors are called upon when assessing applications. all of whom are experts in their field. Research, Education and Marketing sub-committees meet when necessary and report to the Board TrEetings. The Chief Executive Officer sit¥ on each of the Sub-comtte9$, which are chaired by suitably qU8fied or experienced trustees. Board meetings afe held on a quarterly basis and more regularly as needed. Atthough the Board aims to meet in person at least once per year, most of the meetings ar8 held 0ft5ine to reduce time, venue and tr8vèI costs. Governance and Management 2022 2023 was another year of finanual focus for the CHO. The organisalion was still feeling the decline in income through the pandemic poriod and a slow return to the state of being able to attend events with pot8nb.al for fundraising and to reinstate BRCP memberships. The Board of Truslees contlnued to monitor finances closety through financial reporting and forecasts presenled at Board meelings. Two addrtional dedicated finance meetings and Iwo strategy review m&elings wero abo held by the BoaTd in the period wtlh both short term and long term plannlng being put in place. Our AGM w8s hekj online again in October and attracted attendees from our member organisations, as well ag individual healers and BRCP r8gistr8nts. During the year Sue Newport stood down as trustee. Sue had served as a trustee for many years and held the role of Chair for her last term. Her enthusiasm and commitment will be greatly missed. The trtjslees welcomed Melissa Smith, who became a valued addition to the Marketing Sub-committee. We collttnue to encourage rnembers to consider applying to become trustees, or to recommend to others that they gel in touch if they hav8 appropNale experience or expeitise to offer and add diversity to the Charity. Risk Management The trustees have a risk management strategy that ¢omprises'. fegular revi8w of the risks thè Charity may face., the establishment of protocols lo mttigate identified risks
Page 3 The Confederation of Healing Organlsations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (ConVnuj Year ended 30 June 2023 Structure. governancé and managèment f¢onllnu8dJ R¢visgd risk assessments are carried out as the Charity engages in new activities, such a5 exhibiting at conferenceslfestivafs, for example the Mind Body Spirit Wgllbeing Festival in October 2022. Our rssk assessment In increasing CHO membership feè5 this year proved worthwhile and we are delighted that it hasn't produced any reduction iri membership. Achievements and pprfomiance A Posltlve Start It was good lo start the new financial year on a POSTtive not8 after receiving a major donation at the end of the previous financial year. The Boord and team energeb'cally fe the shift and were able to look forward lo the future with greater optsNM$m. Once again, our finanoal priorities have focused on the BRCP, which the Charity owns and administer5. We have continued to cortsider how we can best raise its profile to attract ngw registrants, training organisations and clinics. Standards and Education Following the changes In ways of working that wer8 rooted in the pandemic. the trend for online training courses moves steadity upwaid. Work Carried out in the period lo establish oui standards and best practice for tr8ining online, means that we are now endorsing onllne training where it is applicab19 to thg therapy and if il meets our rigoious standards. We were asked by regulator the Complernentary and Natural Healthcare Council lo take part in a consuhation review on proposed changes to the generic National Occupational Standard CNH1, with view to adding specific knowledge and performance criteria relating to advertising. Our submission will b8 considered as part of the review. The last workshop in our 'Understanding Personal Energy. CPD series look place in October 2022. The subject.. 'Listening 8eyond Words, attracted 18 registrations, generated £352 and was well received by attendees, as were the prevlous three workshops in the series. As part of our remit, we consider any complaints Tecoived about OLsr regislrants and advise on appropriale proeedure. During the period one telephone complaint was recaived about a BRCP regislTant bth was not followed up by the COTnplainant. One BRCP registrant Was slruck off the Register as claims made in their adverb.sing wefe deemed inappiopriate. Membership and support The BRCP is a British register of international practitioners wilh a number of existing overseas regislrants. We have noted a recent growing interest in overseas qualifications being recognised. Macmillan contacted us to seo if we recogni5ed Pfactilion8rs who received their training abroad. We h8ve now established a good relationship with Macmillan and a new registrant as a result of their enquiry. Although wo have always accepted applications from people outside of Britain provided that their training meets our criterfa, we are now beginning to promote thts intemalional el8menl where applicable and look fomard lo welconing more overseas registrants.
Page 4 The Confederation of Healing Organisations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directols Reportl (eoniimff8dJ Year ended 30 June 2023 Achievèments and perfomiance {tInued) As a resull of communications with our members around Special Licensing Procedures for complementary piaclitioners in Wales, we took part in a Weh Government consuttatiori as a Representalive Organisation and as the voice of our registrants. Our input, amongst others, is now being considered and we will be advised of the outcome and next stage of the consullab'on which will cover draft regulations and statutory guidance. We are hopeful that BRCP registrants in Wales will be exempt from p8ying Speci81 Lscence fees, as are our London based registrants. In tem of new benefits, we have negoliatgd that clients of BRCP registrants in Reflexology, Homeopathy and Sports M8Ssage are now able to claim treatment costs against their healthcare insurance with health cash plan PTovider BHSF. We aim to follow thls success with other providers so that more of our registrants are able to promote this benefit to potential dignts. In July 2023, Chief Executive, Sue Knight was delighted to receive an invitats'on a5 MP guest lo the 40th Anniversary AGM of foundlng CHO member organisation The College of Healing. It was encouraging lo see newcomers to our sector and lo recognise the efforts of the College's students. It was a wonderful celebratl¢n of Healing, achievement and connection. During this year, The Healing Trusl and the Leaves Inslitute were w8rmly welcomed as CHO Associate Organisations. We were also pleased lo welcome The SYan Healing Trust who joined as a FL*II Member Organisats'on and to upgrade the status of Pure Channel Healing from an Associate Organisation to Full Member Organisation. It was however, wilh 8 heavy heart that we heard of the passing of CHO Associate Lyndall Dem&re in M8rch 2023. She supported us ggnerou51y. helping spread the word about the benefits of Healing and kindly making available meditations from her considerable library. We vvill remember Lyndall as a great and valued friend of the CHO. During the yeai we senl out 20 member Gommunicalions to BRCP regislranls aTrJ CHO members and associates and also shared news, sector updates and event information via our Facebook pages. Our plans to introduce a Healing Register were unfortunatety delayed, whilst foGus was given to activilies lo ensure the sustainabilrty of the Chaflty. Raising awareness Work continued on the development of a new BRCP website and database. which will not onty reduce our adninistration time and be a great promotional tool for us, but abo for OUT BRCP registrants. The Mind Body Spirit Feslival at the National Exhibilion Centre in Birmingham returned. This has been an important event in our calendar since wè first attended in 2016. We were delighted lo be able to return with our Aspects of Healing showcase. This event helps us to meet our charitable obj¢cts by taking Healing out to the public, many of whom experience it here for the first lime. The healing sessions were once again fully booked and we were grateful for the resulting donations. Heartfe thanks go to all the volunte8rs and speakers who contributed to this valuable and well received event. Un(5erstanding the value of the Mind Body Spirit Festival, we explored attendance at sever81 olhei events. However, given the costs involved and limited resources, we docided to focus on allernatwe strategies to raise awareness and attracl new members. We are considering holding a conference in 2024 and will look again at broadening our event attendance in the future.
Page 5 The Confederation of Healing Organisations Company Limited by Guarantee Trustees, Annual Report {Incory)orating the Directorfs Raport) (¢oniinu•dJ Year ended 30 June 2023 Achievements and perfornance (conllnu¢dJ In May we celebrated Workl Healing Day by sharing 40 tips for self-healing. As part of the Healing Forum we also supported Healing Awareness Week (HAW), by adding a record 51 events to the HAW website. which received 2,200 page views as a result. We also promoted them via social media channels. In totsl, 212 healers and people seeking Healing viewed The Big Heal videos. We also organised several activities and rosources including interviews with 8trthors of books on the subject of Healing, breathwork tssters, rneditations, and discussions on how peoplo found their way into Healing. CHO trustee and joint chair of the Board, Su Mason was similarly instrumental in raising awareness about Healing al the Integrative and Personalised Medicine 2023 event. Su jointly hosted a workshop on the topic of"Exploring Religious and Spiritual Dimensions of Health and Healing" Six newsletters and e-bulletins were ako sent out during the year to subscribers lo our general mailing h'sl, who praclise or have an interest in Healing. Sue Knight and Su Mason prepared a 745-word submission to the Heatth and Social Care Committee's Inquiry on Prevention. The submission title of 'The PracliGe of Healing in Spiritual Self-care" was chosen for its relevance to the topic of Mental Heatth. The well-balanced submission explained what Healing was and how tt helps people, backed up by reference to iesearch findings. In parlscular, the benefrts of a Spiritual Self-Car8 Pr8Ctice were pointed ts. It was noted that practitioners ol Healing have considerable expertise in spirilual self-care, which h8s been found to be of benefit to those with mental heatth issues. 11 concluded that they woukj be a useful, cost-effective addition to General Prath'ces, Community Menlal Heanh Teams, attached to psychiatric departments in hospitals or within psychology departments. The CHO believes government policy should support th8 practice of Healing as a complementary therapy in sy'ritual self-care to aid mental health illness preventson. Collaborations The Healing Forum did not meet during the year although there were change5 to its make-up as a result of David Bruton stepping down as President of the SNU. Sue Knight fflaintains a good relationship with the British Alliance of Healing Associations and UK Healers.. who afe both fellow parficipants in the Healing Forum. We were approached earlier in the year by the People's Heatth Alliance who facilitate Healih Hubs Created by vOlnIe81$ throughout Britain, where complementary thèrapies, amongst other services are available. The PHA were considering the potential of developing cllni¢s of theropists out of the He8tth Hubs and were particularly inteiested to hear that the BRCP approves clinics. They are 8L80 very Interested that we provide online Continuing Professional Doveloprnent events. Financlal revlew As with the rnajority of small charities, finances and income remained a keen focus, with trustees holding two additional finance meety'ngs and our CEO attending a workshop around the subject of financial sustainability. Gift Aid submissions wère made to the HMRC for th& years ending 31 st June 2019 8nd 31st June 2020. Further submissions will be made in the next financial year.
Page 6 The Confederation of Healing Organisations Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directof s Report) (coniinued) Year ended 30 June 2023 Financial review feonumiJ Generous donations were gratefvlty re¢eNed from members and registrants, and from attendees of the Mind Body Spirit Festlvol. We rec9iVgd a legacy from the estate of the late Hazel Bowker. for which we are extremely grateful. An interim payment of £24,499.99 was received just piior to year end. We encouraged our community lo vote for us as their nominated heaf(h and wellbeing charity in the Movement for Good Awards and were pleased with the response in nomination5. Unfortunately, w9 were not successful in being awarded the £5000 award this lime, but will continue lo encourag8 our followers to support U5 In this way and through the Give As You Live online shopping scheme. Under this scheme, we receive a donation al no cost to the shopper, when they make a purchase online with an organisalion signed up to the initiative. A number ofshares in US based Reven Pham8ceuticaL8 had been gifted to the CHO by an Associate some Yea previously. The floating of these shar85 was thought to be on the horizon, however due to an ongoing investigation, this is unlikety in the short term. Further building our membership income, our BRCP Membership Manager, Alison Hodges succeeded in re-activating many practitioners who had not renewed their registration lollowing the pandemic. We were pleased to welcome them back. Review of Transactions and Financial Posltlon The charity's total income for the year wa5 £91,962 {2022'. £164,506) and total expenditure was £75,528 (2022.. £47,208). Therefore, the charity's income &xceeded expenditure by £16,434 12022.. surplus of £117,298. In addition to the expenditure shown in the SOFA, the charity has committed £30,000 towards database and website project with £15,600 ot this having been paid during the year and £14,400 will bè paid in the following financial year. Due to the naturo of the websf(e and database, it has been captialisèd in the 8ccountS 8nd is shown as an Intangible Asset on Ihe Ststement of Financial Position. The asset will be amortised over S years. starting when the project is eomplete and put into active usè. The charity has a deferred income policy in relation to BRCP membership subscriptions. At the balance sheet dale, £14.480 has been recoived which will be recognised as income in the following year12022'. £15,206). As at 30 June 2023 the charity has net assets of £159,312 (20L.. £142,878) of which £139,004 relates to unieslricted funds (2022., £122,570) and £20,308 is held in restricted funds12022'. £20,308). As at 30 June 2023 the charity has "free reserves" (unrestricted reserves less desigrlated funds, fixed assets and investments) of £108,617 {2022'. £142,491 >. Investrnent Powers and Policy Under the Memorandum of Assoclation, the Charity has the power to Inv881 in any way the Trustees wish within the powers provided under the Trustee Investments Act 2000. The trustees fegularly assess the financial viability of the Charity and have taken steps to gat capital input and to ensure long teTm financial viability to ensure other types of income that we may be able to develop.
Page 7 The Confederation of Healing Organisations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directo¢s Report) (conthuod) Year ended 30 June 2023 Financial review {conllmi•d) R•sorves Policy The Board regularty reviews the Charity's reserves and income versus running costs and is satisfied of the viability of the organisakn'on in the medium tefm. Contingency plans are in place for emergencies and item5 of special expenditure, and income generation stiategips are being implemented to reduce any fvturg str8in on the reserves. rhe Board has decided that £30,000 will be put aside into Reserves once all Gift Aid submissions have b&en paid. Plans for futur• periods In order to further meet the Charity's Objects, work contlnues on fundr8ising iniliath'ves including increasing membership, identifying potential grant funding and the development of income generattng initiatlves. Joint chairs, Craig Rebuck and Su Mason have started work on a project to bring the healing community closer together and lo help with succession planning and incomg generation for all in an exciting collaboration. Reference and adminlslFative detsils Registered charity name The Confederation of Healing Organisalions Charity registratton number 1119533 Company registration number 05712128 Prlnclpal office and registered 20 Chamberlain Street office Wells Somerset BA5 2PF The trustees David Balen Susan Newport Jane Daggètt (Butterworth) Dr Susan Mason Craig Rebuck Melissa Swmth (Retired 31 December 2022) (Appointed 1 January 2023} Chief Executive.. Sue Knight Independént examiner Paul Dix ACA FCCA Chalmers HB Ltd 20 Chamberlain Street Wells Somerset BA5 2PF
Page 8 The Confederation of Healing Organisations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directo¢s Report) (conthue(lJ Year ended 30 June 2023 Small Company provisions This report has bèen PTep8r8d in 8eoordance with the provisions applicable to companies entitled to the small companies exemption. The trustees. annual report was approved on . 13 trustees by.. Trustee
Page 9 The Confederation of Healing Organisations Company Limited by Guarantee Independent Examlner's Report to the Trustees of The Confederation of Healing Organisations Year ended 30 June 2023 I report to the trustees on my examination of the financial statemerits of The Confederalion of Healing Organisations (the charity'l foT the year ended 30 June 2023. Responsibilities and basis of report As the trustees of the company (and aL%o its directors for the purposes of company law) you are responsible for the preparatson of the financial slatemenis in accordance with the requirem8nts of the Companies Aot 20061'the 2006 Act'i. Having satisfied myself that the accounts of the company are not requirod to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in rospect of my examination of the charity's accounts as carried out under section 145 of the Charrties Act 2011 {'the 2011 Act'l. In carrying out my examin8tlon I have followed the Directions given by the Charity Commission under section 145{5l{b) of the 2011 Act. Indepènflent examin•rf5 Statement I have completed my examination. I confirm that no matters have come to my attention in connection wf(h the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by soction 386 of the 2006 Act,. or the financial statements do not aco)rd with thos& records,. or the financi81 statements do not comply with the accounting requirements of secth'on 396 pf the 2006 Ad other than any requiremont that the accounts give a and falrf view which is not a matter considered as part Df an independent exarvunation., or the ffnanci81 statements have not been prgpared in accordance wilh the methods and prinapl8s of the Statement of Recomrllended Practice for aGoounting and reporting by chartlies applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS 102). I h8ve no concerns and have CO aCTOSS no other matters in ¢onnection wlth the examination to which attention should b8 drawn in Ihis report in order to enable a proper understsnding of the accounts to be reached. bLI Paul Oix ACA FCCA Chalmers HB Ltd Independent Exarniner 20 Chamberlain Street Wells Somerset BA5 2PF
Page 10 The Confederation of Healing Organisations Company Limited by Guarantee Statement of Financial Activitles (including income and expendlture account) Year ended 30 June 2023 2023 Restricted funds Totsl funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and subscriptions Charitable activities Investment income Other income 9D,666 316 249 731 90.666 316 249 731 162.940 43 637 Total income 91,962 91,962 164,506 Expenditure Expenditure on charitable activities Total èxpenditure 9.10 75,528 75.528 47,208 47,208 75,528 75.528 Net income and net movemènt In lunds 16,434 16.434 117,298 Reconcilialion of funds Total funds brought foNaid Total funds carried forward 122,570 20,308 142.878 25,580 139,004 20,308 159,312 142,878 The ststement of finan¢4al aGtivities includes all gains ar losses re¢ognlsed in the year. All income and expendiknre derive from continuing activibes. The notes on pages 13 to 22 form part of thè80 finan¢lal statements.
Page 11 The Confederation of Healing Organisations Company Limited by Guarantee Statement of Financial Posltion 30 June 2023 2023 2022 Notè Fixed assets Inl8ngible assets Investments 16 18 30.000 386 386 30.386 386 Current assets Debtors Cash at bank aTh1 in hand 19 56,140 108,501 164,841 26,790 136,706 163,496 Creditors: aThounts falling due wlthin one year Net current assets 20 35,715 21,004 128.926 142,492 142,878 142.878 Total assets less current liabilities 159,312 159.312 Nét assets Funds of the charity Restricted funds Unrestricted funds 20,308 139,004 20,308 122,570 Totsl Charity funds 22 159.312 142,878 For the year 9nding 30 June 2023 the charity was 8ntitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowiedge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and the preparation of ftn8ncial statements. These financi81 statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. Thè notss on pages 13 to 22 form part of these financial statèménts.
Page 12 The Confederation of Healing Organisations Company Limited by Guarantee Statement of Financlal Position (conllmigdj 30 June 2023 These financial st81ements were appToved ty the board of trustees and 8Uthori8ed for issue on -A5.IAol74.)17 and aro signed on behalf of the board by.. Trustee The notè5 on page5 13 to 22 fomi part of these financial statements.
Page 13 The Confederation of Healing Organisations Company Limited by Guarantee Notès to the Financial Statements Year ended 30 June 2023 General infomiation The charity is 8 public benefft entity and a PTivate company limited by guarantee, registered in England and Wales and 8 registered charity in England and waS. The addres5 of the registered office is 20 Ch8mber18in Street. Wells, Somerset, BA5 2PF. statement of compliance These ffinancial stalements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and th6 Republic of Ireland., the Statement of Recommended Practice applicable lo cha¢ities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Chaiibes SORP (FRS 102)) and Ihe Companies Act 2006. Accounting policies Basis of preparation The finanaal ststements have been prepared on the hislorical cost basis. as modified by the Tevaluation of certain financial assets and liabilitl8s and inve8lment prop8rties measured gt fair value through income or expenditure. The financial 5t4tements are prepared in sleTfing, which is the functional currency of the entity. Going concern There are no rrraterial uncertainties about the charity's atility lo Gontinue. Judgements and key sourcès of éstimation uncertainty The preparation of the financial statements requir95 management to make judgements, estimates and assumptions that affect the amDunls reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circurtBlances. Fund accounting General funds are unrestrieted fijnds whleh ar8 8vailable for use at the discretion of the Trustees in furtheran of general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds Ih8t have been set aside by the Trustees fof particular purposes. The aim of each designated fund is set out in the notes to the fin8nci81 statements. Restricted ftjnds are funds which are to be used in accOlance wlth speclfic r8strlctions imwsgd by donors or which have been raised by the Charity for patticular purposes. The cost of raising and administering such funds are charged against the swcific fund. The aim and use of each restricted fund is set out in the notes to the finanaal statements.
Page 14 The Confederation of Healing Organisations Company Limited by Guarantee Notes to the Financial Statements (conllnusd) Year ended 30 June 2023 Aecounting policies (contlnued) Incoming resources All incoming resource5 aTe included in the statement of financial aclivilies when entillemenl has passed lo the ¢hanty,' it is probable that Ihg economic benefits associated with the tiansaction will fiow to the charity and the amount can be reliably measured. The following specific policies ar9 applied to paeI8[ cotegories of income.. income from donations or grants is recognised when there is evidence of entidemgnt to the gift. receipt is probable and its amount can be measured reliably. legacy Income is recognised when receipl is probable and entr(lement is established. income from donated goods is Fneasured al the fair value of the goods unless thi8 is impractical to measure reliabfy, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliabty me88ured. No amounts are Included for the conlTibulion of general volunteers. income from contracts for the supply of services is recognised wlth the dellvery of the contracted service. This is classified 8s unrestrirted funds unless there is a contractual requiremgnt for it lo be spent on a partlcular purpose and retuined if unspent, in which case it may be regarded as restricted. Rèsources expended Expenditure is fewgnised on an accruals basis as a liatxlity is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classifièd under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising act4vilies, events, non-charitsble trading activitigs, and thg salg of donated goods. expenditure on charilable activili8s includes all costs incurred by a charty in undertaking activilies that further its charitable aims for the benefit of ils beneficiaries. including those support Costs and costs relats'ng to the governance of the charity apportioned lo charitable activities. other expenditure includes all expendilure that is neither related to raising funds foT thè charity nor part of its expendituro on Charitsble activities. All costs are allocated to expenditure categories reflectlng the uge of the resour¢e. Direct Cogts attributsble to a single actwity are allocated diTectly to that actNity. Shared costs are apporboned beeen the activiti&s they contribute to on a reasonable, justifiable and consistent basis. Intangible assets Intangible assets are initialfy recorded at cost, and are subsoquently statgd al cost less any accumulated amrtlS8tion and impairrnent losses. Tangible assets All fixed 8sget8 are inilialty recorded at cost,
Page 15 The Confederation of Healing Organisations Company Limited by Guarantee Notes to the Financial Statements (conlltwgdj Year ended 30 June 2023 Accounting policies (Collllnug Depréciation Depreciation is caloulated so as lo write off the cost or valuation of an asset, less its residual value, over the useful economic lifo of that asset as follows.. Equipment 33% rgducing balance Investrngnts Unlisted equity investments are initially recorded at cost, and Subsequent measured at fair value. If fair valua cannot be reliab measured, assets are measured at cost less impairment. Impairnient of fixed assels A review for indicators of impairment is carried out at each reporting date, with the fecoverable amount being estimated where such indicators exist. Whefe the carrying value exceeds the recoverable amount, the asset is impaired accordingty. Prior irnpairments are also reviewed for possible reversal 8t each reporting date. Financial instruments A financial asset or a financial liabilty is recognised only when the entity becomes a party to the contractual provisions of the instrument. The trust only has fin8n(xal assets and financial liabilities of a knnd that qualify as basic financi81 instruments. 8asic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement COll5titutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and currènt li8bllities are subsequentty measured at the cash or other consideration expected to be paid or received and not discounted. Defined contribution plans Contributions lo defined contribution plans are recognised as an expense in Ihe period in which the related Service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in fvture payments or a cash fefund. When contributions are not expected lo be settled wholly wrthin 12 months of the end of the reporting date in which the employees render the related service, the lialNlity is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The Company is limited by guarantee, without 8 share c8iNlal. The company's members maximum li8bility cannot exceed £10 each.
Page 16 The Confederation of Healing Organisatlons Company Limited by Guarantee Notes to the Financial Statements (Continu) Year ended 30 June 2023 Donations and subscriptions Unrestricted Total Funds UnTestTlCted Total Funds Funds 2023 Funds 2022 Donations Donations Gift reclaims 1,338 24,480 1,338 24.480 102,383 26,564 102,383 26,564 Legacies Legacies 29.372 29,372 Subscriptions Subscriptions 35,476 35,476 33,993 33,993 162,940 90,666 90,666 162,940 Charitable acllvitles Unrestricted Total Funds Unrestricted Tot81 Funds Funds 2023 Funds 2022 Event income 316 316 886 886 Inveslment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 249 249 43 43 Other incomo Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Other income 731 731 637 637 Expenditure on charitable activities by fund type UnreslriLled Total Funds Unrestricted Total Funds Funds 2023 Fullds 2022 Promoting high standards in healing Support costs 35.079 40,449 35,079 40,449 75,528 10,869 36,339 10,869 36,339 47,208 75,528 47,208
Page 17 The Confederation of Healing Organisations Company Limited by Guarantee Notes to the Financial Statements fconthiuedj Year ended 30 June 2023 10. Expenditure on charitable activities by activity type Activities undgrtsken direct Support Total funds costs 2023 Total fund 2022 Promoting high standards in healing Governance costs 35,079 35.079 40.449 75,528 10,869 36,339 40,449 35,079 40,449 47,208 11. Anatysis of support costs Promoting high standards in healing Total 2023 Total 2022 Staff costs Communications and IT Governance costs Secretarial 24,593 3,330 40,449 7,156 75,528 24,593 3,330 40,449 7,156 75,528 10,206 663 38,339 47,208 Govéman¢e costs 2023 2022 Wages and salarios Pension costs Accountsncy and independent examination fees Secretarial Telephone and othef office costs Insurance 16,000 395 2,477 18,937 2.119 521 10,000 206 2,883 20,693 1,989 568 Total 40,449 36,339 12. Independent examination f*ès 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,062 1,020 13. Staff costs The total staff costs and employee benefits for the rgporting period are analysed as follows.. 2023 2022 Wages and salaries Employer contributions lo pension plans 40,000 988 20,000 412 40,988 20,412
Page 18 The Confederation of Healing Organisations Company Limited by Guarantee Notes to the Financial Statements (¢onllnu•dJ Year ended 30 June 2023 13. Staff costs (conlthuedj The average head count of employees during the year was 1 {2022= 1). The average number of fulktime equwalent employèes during the yaar is analys8d as follows.. 2023 No. 2022 No. Numbe¥ of staff No employee received employee benefits of more than £60,000 during the year {2022.' Nil). 14. TTUStee remuneration and expenses No remuneration or othef beneffits from employment with th8 charity or a related entity were received by the trustees. During the year, no trustees were reimbursed expenses12022.' none). 15. Transfers between funds There have been no fund transfers during the year ended 30 June 2023. 16. Intangible assets Website and Database Cost Additions 30,000 30,000 At 30 June 2023 Amortisation At 1 July 2022 and 30 June 2023 Carrying amount At 30 June 2023 30,000 At 30 June 2022 The website and database are currentty still under construction, so the cost will not be 8mortis?d until It Is completed and brought into use. which is expected to be during the nexl financial year.
The Confederation of Healing Organisations Company Limited by Guarantee Notes to the Financial Statements (¢onrtswsd) Year ended 30 June 2023 Page 19 17. Tang¥bJe fixed assets Equipmènt Total Cost At 1 July 2022 and 30 June 2023 Depreciation At 1 July 2022 and 30 June 2023 Carrying amount At 30 June 2023 1,003 1,003 1,003 1,003 At 30 June 2022 18. Inv&strnents Other investments Cost or valuation At 1 Juty 2022 Additions 386 At 30 June 2023 386 Impairnient At 1 July 2022 and 30 Juno 2023 Carrying amount At 30 June 2023 386 At 30 June 2022 All investments shown above are held at valuation. The investments represent 100 shares in Reven Pharmaceuticals Inc. which were kindly don8ted to the charity in 2017. The company is unlistèd 2nd so there is no open market for the shares. The company itself provided advice that the value of Ihe shares was in Ihe region of $5 each èt the time of the gift. The Trustees still consider this to be a reasonable estimate of the falr value of the shares at the year end. 19. Debtors 2023 2022 Prepayments and accrued income other debtot5 225 55,915 S6,140 226 26,564 26,790
Page 20 The Confederation of Healing Organisations Company Limited by Guarantee Notes to the Financial Statements (¢tInUe(l) Year ended 30 June 2023 20. Crnditors; amounts falling due within on• yéar 2023 2022 Trade Gredilors AecFuais and deferred income Social security and other taxes Other credito 14,400 17,126 728 3.461 17,891 232 2.881 35,71 S 21,004 21. Pènsions and othèr post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expenso in relation to defined contribution plans was £98812022-. £412). 22. Analysis ol charitable funds Unrestricted funds Al 1 Juty 2022 At 30 Junè 2023 Income Expenditure General fvnd5 Competence Based Qualifications ICBQ} 122,569 91,962 (75,528) 139,003 122,570 91,962 (75,528) 139,004 At 1 Juty 2021 At 30 June 2022 Income Expendilllfe General funds Competence Based Qualifications 5,271 164,506 (47,208) 122,569 ICBQ) 5,272 164,506 (47,208) 122,570
The Confederation of Healing Organisations Company Limlted by Guarantee Notes to the Flnancial Statements (con(Inu#dJ Year ended 30 June 2023 Page 21 22. Analysis of charitablè funds (conlthugdj Restricted funds At 1 July 2022 At 30 June 2023 Income Expenditure Aids Fund Pagets Research Fund- Ex ICNM Radionics Research Fund - Ex ICNM 283 10,025 10,000 20,308 283 10,025 10,000 20.308 Al 1 July 2021 At 30 June 2022 Income Expenditure Aids Fund Pagets Research Fund- Ex ICNM Radionics Research Fund - Ex ICNM 283 10,025 10,000 20,308 283 10,025 10,000 20,308 23. Analysis of net assets between funds Unr6stricted Funds Restricted Total Funds Funds 2023 Intanglble assets Investments Current assets Creditors less than 1 year Net assets 30,000 386 144,333 {35,715) 139,004 30,000 386 164.641 (35.715) 159,312 20,308 20,308 Unrestricted Funds Restricted Total Fund8 Funds 2022 Intangible assets Investments Current assets Creditots less than 1 year Net assets 386 143,188 121,004) 122,570 386 163,496 (21,004) 142,878 20,308 20,308 24. Flnancial inslruments All financi81 instruments 8re bae financial instruments and so are valuod at amortised cost the financial statements.
Page 22 The Confederation of Healing Organisations Company Limited by Guarantee Notes to the Financial Statements fconNnu*tJ Year ended 30 June 2023 25. Related parties DuTing the year the company purchased insuTance from B8lens Insurance Brokers totalling £437 {2022.. £411), and student insuiance of £84 (2022.. £156). Mr D Balen is a Director and Tiuslee of Ihe Charity and was also the Chairman of the insurance brokers. In addition, the charity has an introducer agrèement with 8alens InsuTance Brokers which entitles the chartty to a comm¢ssion for introducing cllents to the firm In the lutuie. The transactions were all carried out on an arm's length ba91S.