Health and Wellbeing Trust Limited Annual Report and Financial Statements for the year ended 31" March 2024 Registered Number 06399)6
HWT Trust Health and Wellbeing Trust Limited Annual Report and Financial Statements for the st year ended 31 March 2024 INDEX Trustees. Annual Report Independent Examinerfs Report Statement of financial activrties Balance Sheet Note5 to the financial statements Pa8e Pa8e Page Page 10 Pa8e 11 Reglstered company nurnbw. Roglsterod charfty nwnber: 063995C 1122079
HWT & We¢.Iwry Ifu Annual Report The Trustee5 present theif report to£ether with financial ststements for the year ended 31 March 2024 REFERENCE AND ADMINISTIIATIVE DEfAILS Trustees at 31. March 2024 Ann Patricia Turion Marion Elizabeth Reid Dr Nicola Jane Chatfield (Chair) Joanna Jane Grant CpanY Secretary Ham Green House. Chapel Pill Lane, Pill, Bristol 8S20 OHH Reglstered Office Triodos Bank, Deanery Road. Bristol BSI SAS Bankers I. STrUCTURE. GOVERNANCE AND MANAGEMENT 1.1 Govern6 Downent The Heatth and Wellbeln8 Trust (Hwn Is a charitable company limited by guarantee, Incorporated on 15 Ortober 21Y)7, and registered as a tharity 19 December 2CM)7. Qbjects: The rellef ol perSS who are slck. cixwalescent, dlsabled. handlcapped or infirm by: a> Collaiin8 and evaluatin8 inforniation about complementary theraples. psycholow.cal support and self-help services and disseminatin8 It to the general public and to the rnedical professh)n b) EdatIng the medical profes5k and general publ* about complementary medldne and proactlve weventatfve healthcaTe c) Researching and advising and assisting in researchin8 Integrative Medkine and publishin8 or a5sistin8 Sn the publication of the useful results of such research
HWT 1th &wdItlfiO If d) Assisting those in financial need wfth the provision of complementary therapies, psycholo8ical Support and other 5elf-help service5, and in such other manner that the executive commlttee may from time-ttime think fft e) Providing day and residentsal care facilits'es and educational facilities for the provision of Integrative Healthcare. Education, Research and Health Promotion The affalrs of the charitable company are 8ovemed by its Memorandum of Association which established the objects and power5 of the charrtable company and is 8ovemed under its Articles of Association. Member5 guarantee to contribute an arnnt not exceedin8 £ 10 to the assets of the charttable company In the event of wlnding up. The total number of suth 8uara)tees at 31 March 2024 was l_ 1.2 Dlr•ctws and Trust••5 The Directors of the cofflpany are its Trustees for the purpose of charity law and throughout this report are collertivety referred to as the Trustees. Trustees who served durln8 the year and slnce the year end are Ilsted below." Ro8ef Tooze (resigned 12 March 2024) Caroline Reed {resl8ned 12 March 2024) Ih Ann Patricia Turton (appointed 12 December 2022) Marion Reid (appointed 12 December 2022) Helen Cooke (resi8ned 2rth June 2023) Dr Nkola Jane Chatfield {app(Mnted 27th June 2023) Ann Louise Musty lappointed I" October 20241 1.3 Rlsk Mana8efflent The strateEiC plan is reviewed annualty, and Trustees have examined the major strategic, business and operational risks that the Tiust faces and are satisfied that systems are in place to miti8ate these risk5. L4 Publlc Ber The Trustees have miewed the Chaiity Commisslon's guldance on the requirement to report on public benefft. They are satisfied that the work of the Trust. as described below, accords with its stated objects and provides tangible public benefft to an appropriate section of those who reside within the Trust'5 area of benefft. they believe that the crftef&a used to assess those who may beneflt are not unreasona¥ restrictlve.
HWT 2. WORK OF THE TRusf AND ACHIEVEMENTS DURING THE YEAR Hwf offered the followin8 services during 2023124 to support the delivery of these objects: Provlslon of an e4earning platfofm whlch offers a cOue catalo8ue of Inte8rative Health Courses for healthcare professiona15 and members of the publ•L ainical buary support Is currently offered to people wlth long-term condltions in finanual diffKulty. i)urln8 2023124. Hwt provided bUrieS to 28 people livin8 With cancer who were seekin8 Inte8ratlve Medklne senhces who would otherwise have been unable to access these services. Education bursary support ts offered to learners vAshln8 to stu(ty Integrative healthcare WI would benefit from financial support. Durin8 2023124 HWT provided bursary support for 2 students needing help to fund their vocational trainin8. 3. HNANaAL REVIEW Durln8 2023124 the charlty received suffiaerrt donations to achieve our strateglc development aims and to malntain Ouf core function and bufsary provision. 3.11>(XKY5 It is with deep gfatltude that we thank our donors, including RGCC and Weleda. who have donated funds to support the core costs of the charity; Gilly'5 Gift charity who have donated to the Clinical Bursary Fund: and Ann Hill Trust who have donated to 5UPPOrt the development of the e-learnin8 plarform and supported 2 student bursarles. 3.2 Reserves Pollcy It is the polky of the trustees to hold 3 months operating costs in reserve In unrestrkted funds in order to establish an appropriate e¢ of ¥ing capital and to protect the future operation5 of the Trust from the effects of any unforeseen rnaterial financial events. 4. FUTURE PLANS Goln8 forward in 2024-25 the charity Is rW under new leadership of Trustees: Ann Patla Turton Ichairl, Marion Elizabeth Reid, Dr Ntcola Jane Chatfield and Ann Louise Musty: and Project Leader. Dr Elizabeth Thompson.
HWT Cfver the next three to fNe years the charity will focus on the further development of the e- learnin8 platform and course programme, working towards it becomin8 self-financing and SUPPOrtin8 the delivery of HWt'S other tharitable objects. While we deveknp a new delivery model we will fundraise lor: A £75.(XK) per annum threwear core lundlng allowance A £4.(XX) annual ClSnical Bursary Fund A £4.(XY) Student Bursary Fund. 5. STATEMEKf OF TRUSTEE RESPONsIB¢unES S.1 The Trustees (who are a150 Directors of The Health and Wellbein8 Trust fof the purposes of company law) are responsible lor preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and the Charity SORP {FRS 1021. Company law requires the Tru5tee5 to Ppare finandal statements foi each financial yeJf. wh•th Klve a true and fair view of the state of affairs of the tharltable company and of the incoming resources and application of resources, including the Income and expenditure. of the charitable company for the year. In preparing these financial staternentS. the Trustees are required to: selert suitable accounting policies and then apply them consi5tently' observe the methods and prinaples in the Charities SORP; make judgements and estimates that a reasonable and prudent: State whether applicable UK Accounting Standards have been followed, subject to any materlal departures disdosed and explained in the financial statements. and prepare financial statements on a 'Eoing conrn. basis unless it 15 inappropriate to assurne that the charitable cornpany will continue in operation. The Tru5tee5 are spOnSible for keeping proper accounting recmls that dlsdose wilh reasonable accuracy at any time the financial posiilon of the charitable company and enable Ihem to ensure that the financial statement5 comply with the Companies Act 21X)6. Thry a also rmponsiblp for safeguardlng the assets of the charitable company and hence for takin8 reasonable step5 for the prevention and detection of fraud and other irregularities. 52 StstThnt as to th$ck>s to our Independent QrnIn•f In so far as the Trustees are aware: there is no relevant independent examlnation Information of wh•ch the charitable companrfs independent examiner Is unaware. we have taken all steps that we ought to have taken to make ourselves aware of any relevant independent examination inforniation and to establtsh that the Independent examtner is aware of that inforniation. Finally, the Trustees are responsible for the maintenance and inteIty of the cory)orate and financial infonnation Ined on the charTtable company'5 webslte. le8islation in the United
'A HWT Kingdom 8overnin% the preparation and dlssemination of financial Statements may differ from legislation in other Jurisdictions. Member5 of the tharity guarantee to contribute an amount not exceedin8 £10 to the assets of the tharity in the event of winding up. The total number of such 8uarantees at 31 March 2024 was l. 6 SMALL COMPANY PROVISIONS Thjs report has been prepared in acrdance with the provislons applicable to companies entitled to the small cornpanles, exemption. Approved by the Trustees 2V October 2024 and slgned on their behalf by: (LJ Anne Patrkia Turton IChaSrper50n)
HWT ealth& Intsl INDEPENDENT EXAmINEs REPORTTOTHE TRUSTEES I report on the accounts ol the Trust for the year ended 31° Marth 2024. whèch are set o on pages 9 to 12 Respertive rt5pMslblli¥es of trustees and examlner The charltrfs trustees {who are also director5 of the company for the purposes of company law) are responsible for the preparatson of the accounts. The trustee5 consider that an audit is not required for this year (under section 14412) of the Charities Act 2011. as amended by the Charities Art 2011 (Accounts and Audit) Ordef 2015) and that an independent exarnination is needed. l am qualified to undertake the examinataon by bein8 a fellow member of Association of Chartered Certified Accountanis (FCCAI. Havng satisfied myself that the charity Is not subject to audit under company law and is eli8ible for Independent examlnation. It Is my responsibil to: examlne the accounts under sectlon 145 of the Charitses Act 2011: follow the procedures laid down in the General Directions given by the Charitv Commiss•oners under section 145(5) Ib) of the 2011 Act: and state whether particular matters have corne to my attenlion. My examination was carried out in xcordance wlth the General Directk>ns glven by the Charity Commisslon. An examination Includes a Teview of the accountin8 records kept by the chartty and a cornparlson of the accounts presented wlth those records. It a150 includes consideration of any unusual items or d1sd0suS in the accounts and seekin8 explanations fn)m you as trustees concernlng ary such matter& The procedures undertaken do not provide all the evidence that V&y1d be required in an audit. and consequentty no opinion is n as to whether the accounts present a true and fair. view. and the report is limited to those matters set out in the statement below. In conneth.on wlth my examination. no matter has come to my attention: which 8Nes me reasonable cause to belleve that In ary materlal respect the requirements to knep accounting records in accordance with section 386 of the Companies Act 2(. and to prepare accounts which ac£ord wtth the accounting record5 and to comply the accounting requirements of section 396 of the Companies Act 21 and with the mwhod5 and principles of the Charitie5 Ststement of Recommended Practice (FRS 102) have not been met. (x
HWT M¥alm & VlelltK•Fn2 IN5t 10 which, in my opinion. attention should be drawn in ordef to enable a proper UnderSding of the accounts to be reached. gnature Date 17th Novembef 2024 Chewe Munkw FCCA. MBA. 7 Grovelands Road. Headington, Oxford OX3 8HZ
HWT srATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 MARCH 2024 {Incorporating Income and Expenditure Account for the year) 2023124 Notes Unrestrlcted Restrfcted Totsl 2022123 Total Incorne Voluntary income: Donations and 8rants (including Gift AHI) 57.378 32.840 90.218 12.lJ)6 Investmeni Income". Bank Intest 55 55 Charftable activities: Coufse fees I.3 2.293 58,516 32.840 91.356 14,306 Expendfture Charitable artivities 48,077 30.770 7847 42,264 Tot•1 expenditure 48.077 30.770 rn847 42,264 Net Incomel-expendlture for the y 10.439 2.070 12,509 -27.958 Fund5 W fonward at I" April 2023 1.063 1.123 29.081 Funds arried forward at 31fj1 March 2024 11.$02 2.130 13.632 1,123 The above results relate wholty to continuin8 attivitie& There were no recolSed Bains or losses other than those Included above. The staiement of financial xtivilies also complies with the requlrement to prepare an income and expendlture account coniained in the Companies Act 2£. The notf5 poqes 11 & J2lwmwt of these Ixcountk
HWT BALANCE SHEET AS AT 31 MARCH 2024 2023124 Unrestricted Restrlcted Totsl 2022123 T¢)t*l Note Debtors Cash at bank and in hand 1.147 O L147 19.652 2.130 21,782 1.123 Net current assets 20,799 2.130 22.929 1.123 Ilabllltl•s Crethtors: afflnts fall& due wtthln on• year 9,297 9297 Total as5•ts1•s5 curr•nt llablllt1•5 IIJ02 2.130 13.632 1.123 11.502 2,130 13,632 1,123 Capltsl and reseryes Funds 11.S02 2.130 13.632 1,123 Total charity lunds 11,502 2,130 13.632 1,123 For ih• y•ai ended 31 March 2024. the company was entitled to exernption from audit undef the provlsions of Section 477121 of the Companies Act 2CX)6. The rnernbers have not requlred the company to obtain an audit of its acwunts for the year in question In accordance wlth sectlon 476. The directLYS acknowledge their responsibilities for complyin8 With the requirements of the Act with respect to accountin8 records and the preparation of ac£ourrts. These accounts have been prepared In accordance with the provisions applicable to companies subject to the small companles, rewme. Approved by the Trustees on 28th tober 2024 and were s•ed on thelr behalf by; Ann Patricia Turton (chairper)
HWT NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 L Ac£ountlr¥ Polld•s The prlnopal accountlng policies adopted, jud8ements and key sources of estimation uncertainty in the preparation of ihe financlal llatements are a5 follows: al 8asls ol preparatlon The financial statements have been ppared In accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitbes Pfeparing their accounts in accordance with the Financial Reportin8 Standard app51cable in ihe UK and Republic of Ireland (FRS 1021 (effective l January 2019) - (Charities SOPR IFR5102)}, the Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102> and the Companies Act 2(. b) Flxed Assets The chartty has no fixed assets. cl Inc(min8 reswc•s All incoming receS are Included in the Statement of Financial Activitses ISOFA) when the charity is entitled to the Income and the amount can be quantified with reasonable accuracv. The followin8 speclfic polldes are applled to partlcular cate8ories of incorne: Vduntary IrKome is recelved by way of donations and gifts and is Included in full In the statement of finanaal activities when receivable. Course fees represent lultlon and other fees charged for courses run by the Faculty of Inie8ratlve Medicine. Course fees are bllled at the commencement of courses. which run over a per of year5, and can be paid by instalments: as participants may drop out and Iiot pay the balance of fees outstandln& the declslon ha5 been taken to adopt a prudent approach and onty include In Income those fees actualty recelved by the year-end. d) Resources expended Expenditure is reco8nised on an acuual basls as a Ilablltty Is Incurred. Expenditure Sncludes any VAT whlch cannot be fvlly recovered. artd is reported as part of the expeftditure to whith it relates: •1 Fund Accountl Restncted Funds are held to be used for specified purposes, as indicated by the dontys. General Funds are unrestricted funds which are available for use at the discretion of the Trustees in fvrtherance of the General objertives of the Trust. 11
HWT e•th & In fj Taxatk The Health and Wellbeing Trust is a registered charity and as such tax exemption applies to the intome ari5in8 from and expended on tharitable aCtItieS and to its investment income and gain5. i) Debt Debtor5 includes amounts due to the charity in the wdinary course of business and amounts required to be paid in advance by the charity for service5 it receives during the corning year. h) Cash •t and In hand Cash at bank and In hand comprise bank deposits that are instantly accessible. 2023124 Unrestrkted Restrlcted Total 2022123 Total 2. Costs of tharftable actlvttles Costs of COurse5: IT, development and delivery 32.168 32,168 21,180 53.348 21,180 53.348 35.092 35.092 Adrnlnlstratlon costs: Office expenses Other Expenses (includlng bursaries) 9,$99 3.820 13,419 5,627 6,310 5.770 12.080 1.545 15,909 9,590 25.499 7.172 48,077 30.770 78.847 42.264 Prepaymenis 1,147 1.147 L147 1.147 4. Cr•dltors du• withbn on• year Sundry creditors and accrua15 9.297 9,297 9297 9.297 12