Registered number: 09183805 Charity number: 1161123 Ways to Wellness Foundation (A company limited by guarantee) Annual Report 31 March 2024
Ways to Wellness Foundation {A Company limited by guarantoel Contents Page Reference and administrative detsds Trustees, report Trustees, respons**ilibes statEnt Independent audrtoffs rep¢Jrt on the financial statements 9-12 Consolidated statement of financtal activi 13 COnSldate(l balance sheet 14 Charty balance sheet 15-18 Consolidated statement of cash 17 Notes to the financial ststements 18-30
Ways to Wellness Foundation IA company Ilmited by guarant¢•) Reference and administrative details Year ended 31 March 2024 TNsts•s Brendan Temple Hill Brigid Joughin Dawd Hunter (appointed 12 October 2023) Guy Pilkinglon, Chair lan Dodds (resigned 25 October 224} John Spurr Mary Jordan Sir Paul Ennals, VKe Chair (resigned 13 July 2023) cOmnY registered number 09183805 Charity registered numbgr 1161123 Registered offic• 2nd Floor Forth Banks House Skinnerburn Road Newcastle Upon T NE13RH Ch1 ex•cutiv• offic8r SaTrlra Mitchell-Phillips Indendent audltor UNW LLP Chartered Accountants Cilygale St James, Boulevard Newcasue upon Tyne NE14JE
Ways to Wellness Foundation (A company limited by guarantsèl Trustees, report Year ended 31 March 2024 The trustee8 present their annual report tcgether ¥th the audiled financial statements of the charity for the year 1 April 2023 to 31 March 2024. The annuat report serves the purpose5 of both a trustees. report and a dire¢tors' report under company law. The trustees confim) that the annual report and financial slalements of the eharilable company comply hvith the current statutory requirements, the requirements of the charrtable company's goveming document and the provisions of the Statement of Recommended Practice {SORPI applicable to charrties Preparing their acunt$ in acrdanCe with the Financ RetIng Stsndard applicable in Ihe UK and Republic of Ireland {FRS1021 leffeetive 1 January 2019). Since the group and the charity qualrfy as small under section 383 of the Companies Aet 20¢, the gioup strategic report required of medium and large o)mpanies under the COmpanS Act 2006 {Stralegic Report and Directors, Report) Regulations 2013 has been omitted. Otyectlves and actlviti Pollcles and objectives The FOundat'S obj'eds for the perh ofthis rgport are." The preservation and protect)n of heahh. and the relief of povety. by athanciro srKiai interventions for individuals in North CUMla arwj North East EngLgnd with health conditions. in pa"Cular but not exdusivety by. Developing and testing social interventions, and working with other sectors to do this., Promding infomiation and prescribing socia interventK)ns to indrdal5 to improve public health,. Advancing the educalKJn of general public. ndthI practitioners and others in relation to soci prescribing and othei Slar inlervenlions.. and Such other exclu$ivety charitable purpose(s) a5 the trustees may from time lo time detemiine in accordance the law irf chanty. Social interventions means rw)n-medKal interventions to achieve suslained healthy behaviour change and improved $ewle. sla1 prescribing SuppmentS the support a patient get$ from their heahhcare professional. A doctor or heatthcare professional can prescribe an intervention, as they V)uld medicino. Typically, the inlervenlions include physKal xi1. health eatintycooking. sc¢ial interaction and support with positNe relationships. Strategles for achieving objectiv•s The Ways to Wellness Foundation {Ihe parent thariw) is the benefiual CY•vner of and sole shareholder of its trading subsidiary, Ways lo Wellness Limrted. whth t¢J9ether are referred to as Ihe group.. Ways lo Wellness was created in 2015 to test and evaluate the impact of intensive sociol prescribing support to patients th long term conditrons on a large scale, i.e. the west end of Newcas. &tial prescribing is the use of non medical inlervenlions lo achieve sustained lrfestyle change and improved self care among people wrth long term health condrtions such as diabetes and heart disease. Ways to Wellness Limrted aime(I to reach approximately 10,000 patients over seven years, supporting up lo 3,000 pknnts at any one lime and swnificantty improving health and wellbeing outcomes for people living wrth long temi heahh cOnditn5. This target was achieved and the serwce continues to be commiss)ned by the ICB. In reccgnising the Foundation's aknlty both to develop and prOtote innovatNe solutions lo health inequalities, since 2021 we have taken this leaming and applN•J rt to innovative nthv projects. In September 2022 Ways lo Wellness acquired Bluestone ColkboratNe, a Chanty with similar aims and objectives. to strengthen 11$ presence outside of the Newcastle Upon Tyne area. With both Charrt operating ut)der the WayE to Wellness banner, the organisation's reach n¢)w stretches across the Integrated Care System geography.
Ways to Wellness Foundation (A company Ilmlted by guarantsel Trustees, report (contlnued) Year ended 31 March 2024 Objectlves and •ctivSties (continued) The Foundation has now become the main operating vehtcle, holding serwce Jevel agreements, grant agreement5 and appropriate contracts where required. The operating company, Ways to Wellnes$ Limrted, is abre lo also hokl conlrncts rf that is the best opth)n. The FoundatK)n nchv runs a number of prototypes in addth to the ryigina Long Temis Condrtrons seNice. These include supporting families who have a child with a diagnosis of a neuiodisabilty. paInIS wailing lor hip and kre replacements who are on high levels of chronic pain medication. a malemal mentsl health service and supporting those with persistent physical SyTnptom$. A number of other polenb.al prototypes are in the very earfy development stsge with the hope that these will cc4ne on stream in the near firture. The public beneffts generated from the work of Ways to Wellness are set out below under 'AChVementS and performance,. The trustees continue to conskler the whyer impact of the organisalion and have Started developing a neN strategy to ensure that the organisab"on's objectives are achieved. As part of the new strategy, the Iruslees have undertaken an Organisation revre4V to ensure that the skills needed to achieve the objectives are in place as part of the staffing Stnlure and where gaps have emerged. a recruitment process has been undertaken. The trustees have also grven due consideration to the Charity Commission guidance relating to public benerrt. the Trustees a satisfEd that the athities of the group eonlinue to delNer substantial benefits in line hth th& chwiWs obj. Achlovements and perforniance ain athiavements of thg charity Patient Engagemgnt Across the range of protypes and programmes that are either testing or delivering, have engaged with over 11,000 patients to dale. Tho Ways to Wellness approach has ken focussed on a more intensive inteN8nlion in order lo encourage sustained behavioural change and therefore the number of patients on the programmes are relalTve lo that intensty. As woukj be expected, our nv4¥er protypes tend lo involve a far smaller number of palients Whi we refine and lesl the mtyJeL Pationt Wellbelng Improvèments Patient wellbeing is rneasur across all of the Ways to Wellness prcgrammes, largety using the Wellbeing StarTM specffic lo the patient group. On average, Ways lo Wellness looks for a welrn)eing improvement score of more than 2.5 points in the most recent assessment as a measure of success. Along with the quantitative data collected, qualitative data is also collected and pats"enl$' views arKI opinKJns about the programmes hew to ensure that the intervents.on remains focussed. relevant and within experted QLrtcomes. Re$eaich Ways to Wellness collaborates with tLKal unrversitres to evaluate and measure the impact of our prototypes. We have a strong commrtmenl to research and evaluatn and have excellent r*tionshps wtth kxal academics who are involved wtth our evaluation of prototypes. Newcaslle and Durham Universrties. in eollaboration wth Ways to Wellness and fvnded by National Institute for Health Research INIHRI. have completed their extensive research and evaluation into the impact of the soual prescrTbing programme on patients diagnosed ¥wth diabetes. The search published in earfy 2023 has hNJhlighted some sUris1n9 arKI uneypected results induding a reduction in the HBA1C mea$uremgnt. Research is also currentty being undertaken with Newcastte UnNersty and the Great North Childron's Hospital in relation lo our prototype supporting tsmilies who have a chikl wth a diagnosis of a neurodisabilrty and the Tesulls are eypecled in late 2024. A fvll evaluation is also underway in relatn to the maternal mentsl heatth service. ear indications are that the impact has been snifiCant both for the mothers and the wider famity. This service operates in four areas of the North East and North Cumbria ICB gec4Jiaphy and Ways to Wellness SubntraCtS the delivery of the seNice to four localfy based VCSE Organisatn$.
Ways to Wellness Foundation IA company limited by guarantsel Trustees. report (continued) Year gnded 31 March 2024 Achievements and perforn)anc• Icontinu•d) Review of activities The Ways lo Wellness group has six tnjstees of the Foundat)n. three non executNe directors of the limrted company and 14.6 full ts.me equivalent staff. The trustees are currenlty recrurting to the Board in order lo support achvement of Ihe n8W Stralegrc objectr¥ps. Across our prototypes. Ways lo Wellness tests different methcds of delivery and referral mechanisms to understand how best lo ensure sustained success of the intervention. Two IaVregIonal sub contracted charity and swal enterprise delwery partners delivered the Ways to Wellngss long term conditions service and employed approximately 19 full time equivalent Link W¢)thers at the end of 2023r24. The majority of referrals to this programme are generated from GP Pract5. During 2024 one of the providers decided lo move into other areas and gave notice of their intent lo withdraw from the contract. Ways lo Wellness look on some direct delivery and the Link workeis from that provider were transferred lo Ways lo Wellness under TUPE in a Team Lèr and addth'c*7al staff members We recwited to support the serwce. Referrals to the child neurtsjisability programme are vra the Great North Children's Hospttal while refeffals to the perioperatwe programme are moving from a central hub working wrth NvwCasl Hospitals lo a referral directly from GP'S. The prototype is delNered direth by Ways lo Welness. The Matemal Mental Health programme generates its referrals via a WKle range of sources. These include maternty seryices - perinatal. communty mthvNes and wellbeiThJ mwA¥Nes. and a150 VCSE fe[raIS and dir• via the Primary Care Netsrk. Ways to Wellness Limited continues to receive arKI Tespthj to dozens of reqLts annualty from extemal org8nisalions. The requests largety relate to informatn about social prescribing andlor social impact bond funding and originate from charrtw and social enterpn'ses. commwh)ners and IntertrlaTie$.
Ways to Wellness Foundation IA company Ilmitod by guarnntee) Trustees. report (continued) Year ended 31 March 2024 Financial review Flnanclal perfomkince Over the year the prcgrammes have generated a surplus and is expected lo continue to do so during 2024125 as r8ferrafs increase due lo expansion of age rangpJGP Pract5. Golng Concern Any retained reserves generated by Ways to Wellness Limited wll be used lo achieve Ways to Wellngss Foundation's charitsbb obJectNes in due Course. After making appropriate enquiries. the Tntslees have a reasonable expectation that the company has adequatè resources lo continue in Operatn existence for the foreseeab fvlure. For this reason, they Continue lo adopt the going concem basis in preparing the ffinancial stateffents. Further deta$ regarding the adoption of the going concem basis ¢an be found in the accounting policies. Reserves policy The Ways lo Wdlness group has demonstrated Ihat the 'link ¥Tker bnger temi support, model is successful and a larger surplus than expected was achwed frcth the origin* contract. In Ic¢4(ing lo the future of the organi$alion and lo buikj on its succes5, the trustees are committed to developing and supporting inn¢)valrve prcgrammes and prototypes that improve health and wellbeing, and txkle health inequalities. Two projects are already under way, for whh the Foundation is pwding the inrtial seed funding. The trustees intend to irwest the sUrUS prudentfy overthe coming years into proiects which achieve the aim5 of the charity. whilst ensuring that 12 months, operating costs ITently £670k) are held back to ensure the ongoing operation of the projects in the event of a reduction in expected income. Currently the reserves are signfficantly more than this targei The Trustees are developing an ambrtious strategy for apptying this excess. The strengthened eapabilty and capaiity of the staff and reftXU5ed aims and objectives will allow the Iruslees to invest Ihe surplus prudentty over the next few years. To reflecl this ambrtion. the trustees have agreed to designate part of the reserves into deSnated development funds. trom which they exped lo make significant allocations to projects in the coming year. £1m Iwards the eost of one signrfKant proJt £300k trylvards the cost of muttple smanef pvwts b) Subject lo the success of these initiatNe5 the trustees e>pect lo invest fvture surplus reserves over the next few Structure. gov•man¢e and management Constitution Ways to Wellness FOuratrOn registered as a Charrtable company limrted by guarantee and was sel up under Memorandum of Associatson dated 12 August 2014. It is a registered charty nurrthr 1161123.
Ways to Wellness Foundation (A company Ilmited by guaranteel Trustees, report (continued) Year ended 31 March 2024 Structurg. governance and manag•ment (continued Method$ of appolntment or electlon of trustees No formal policy is in place for the apwjinlment or etection of trustees. Trustees and non executive directors are recruited and appointed based upon the kntyvledge. skills and experience judged to be necessary and appropriate to the best interests of the group and the FouThlalton's obj.ects. appointments are approved at Board level. The Senior Management Team ccrfnprises". Sandra Mitchell Phdlrps- Chref Executive Officer Mike Bareham- Finance Manager Simon 8roomhead- Socid Prescribin9 Devekynent Lead Oryanlsatlonal structure arml declsion4naklng koeS The management of the charity is the respMsbihty of the trustees who are e¢ted and co opted under the terms of the constitution but effectNe day to day management is dewed to the Chi&f Executive and staff within the charity. Pollcles adopted for Induction and trainlng of trust5 No fomial policies are in Wace for the iThJLKkn arKI trainirvJ of tnlee5. New trustees and non execLrtNe directors a provhded wrth key documents and pdicies, including terms of reference and expectaligns. New trustee$ and non executNe directors have one to one induction rneeting with the Chair and Chief Executive land, as induted, Finance Manager) lo rewe4V the remrt and expectations of the ro as well as key areas of focus. Risk management The trustees have htgh level oversfv3ht of risks, with detaid risk managemenl of operation, contract management and finances devofved to the Board of Non Executive Directors of the trading subsidiary, which reviews the Risk Register quartety at both Board and Finance Commrttee meetings. GNen the outcomes based nature of the contract and the use of SIB investment. key risks relate lo the potential tsilure to achieve target patient engagement numbers an(Vor lafget OLrtcomes lar+d resulting impact on adherence to financial model}. The trustees and non executNe directors a salrsfied that Systems and predureS are in place to mitigate the group's exposure to the major risks. including regular monrtoring and anasiS of service delrvery metrics, patient experience and impact measures. Plans for future perlods The trustees of the FourKlation intend to develop and test further Me[S of delNering services to communities experiencing health inequalities working wrth statutory organisalions and using the VCSE sector as delivery agents over the coming years. effectivety Iransfonning Ihe Foundation into a hub of innovation. The limited company will remain as the contract management agent in these Iels. Throughout the coming year. the trustees and senior team are reviewing and revising the Strategic 1Cl)n in order lo ensu that the organi&40n remains responsive and relevant
Ways to Wellness Foundation IA comnY Nmll•d by gu4rants•) Trustses. report (contlnued) Y•ar tndod 31 Mar¢h 2024 DIKlosur• ol InfOrnOn lo audltor of th persons 7hKJ ore trustees at tr twn• Twhen thLS trust¥¢s' report is approved h8s confimed thoL' so far as that trustee is aware. ther• is M) le¥&it awjit Infomwti(m of whith the tharitab group'$ audltor unawara. and Ihat tnJste has taken dl thtr steps that OLuhl to have b*n laken as a trustee in order to be awa of any l&vant audit infcymabon and to ¢StsIsh that tho charitable group's aLNJrtty is aware of thal infmatKJn. Audltor Tho audllor, UNW LLP. has ind&t9 its Willing to conlinue in office. The trustoes propose a MotYn reappointing the auditor at 8 meetirwJ of Ihe trustees. proved by der ofthe Mb$r$ ofts board oftrustees 29 Octotw 2024 and signed on their bghaw by. Guy Ilklngion
Ways to Wellness Foundation IA ComnY Ilmiled by guar•nt••) Statement of trustees. responsiblllties Year endèd 31 March 2024 Thg trustges {0 arg also the direc10 of lh& chity for Ihe wrpos¢s of Company lawl a responsible for preparing the ITust89S' rnport a1 the finarwial statern8nts in ac¢ordance Mth apFdicable law and Unitèd IQWOM A¢¢ounting Standards IUnit8d KIOrn Genvdty Accept8d Aco)unliNJ Practicg). Company law requires the trustees to prepa finan¢ial strtements for each finawal . Undèr company raw, the trustees must not approve the financial ststements unkss ty are Sats"¥f that tw give 8 true and lair view ol the state of affairs of Ihe grwp arhj thè chanty and of th&r incomiNJ urCeS and application of resourcès, 1llj1ng their income and exFwxJiiur¢. for that pengJ. In preparing tw finantyal statements, the trusleos are rowired to.. 8eW suitabfe accounting pa11$ and t appty them consi%lenty. ciJseNe Ihe methods and pri1pS ofthe CheS SORP (FRS 1021.. make judgments and aCnti3 estimates tho1 are wsonable and pru(knL' stst8 whether applicae UK AccountirKJ Stsndards {FRS 1021 ha l)een folk)w8d. subj'ect lo any mat8rial departures disclosed and èxplain in ts financaal statements,. prepare the finan081 statements M tho 9CiThJ o)ncem basis unss rt is inappropriate to presumo that the group will continu8 bn bu&ness. The trustees arg responsible for kteping adequate accounlin9 recud$ Ihal are sufvient to show and explain tho group and the charivs transactions and disdose reasonable awjracy at any lime Ihe financsal position of the gr¢)up and the thanty and #nab them to ensure that the finarla1 ststem&nls CMY wth the Companies Act 21KJ6. They are also r•spons for safeguardiThJ the assets of the group and Ihe charity and he for taknThJ 0$onable stèps for Ihe pr&veI)n and dection of fraud and ¢Aher irregULarit. Approved by (xder of the MberS ofts oftrLtst¢e5 29 Othber 2024 and signed on its beham by.. Guy PIWn
Independent auditorfs report to the trustees of Ways to Wellness Foundation Opinlon We have audited the finan¢ial statements of Ways to Wellness Foundation he PanI charitable company'} and its subsidiaries {Ihe gTOUP'I for the year ended 31 March 2024 comprise Ihe consolidated statement of financial ltIes, the Consolthted bafance sheet, the company baiance sheet. the consolidated statement of Cash flows and the related notes, including a summary of swnificant accounting policies. The financial reporting framework that has been applied in their preparatK)n is applKable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applble in the UK and Republic of Ireland. (United Kingdom Generalty Accepted Accounting PractKe). In our opinion the financial statennts. give a true and fair view of the stale of the group's and of the parent ¢harrtable companvs affairs as at 31 March 2024 and of the group's inmm9 resources and a"tIOn of resources, including its in¢ome and expenditure for the year then ended", have been propety prepared in acCordare with United 'ngdoM Generalty Aecepled Accounting Practice,. and have been prepared in Kdance wrth the requirements ofthe Chartties Act 2011. Basis for oplnlon We conducted our audit in accordance with IntematnaI Standards on Audrting IUKI ('ISAs {UKI'} and applicab law. Our responsibilities under those standards are further described in the 'Auditorfs responsibilities for the audtt of the financial slalemenls. section of our report. We are independent of the group in accordance with the ethical requirements that are rdevant to our audit of the financial statements in the United Kingdom. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibl1rt in accordance wrth these r¥u1Ments. We believe that the audit evidence have obtaM*d is suffiwnt and appropriate to provide a bas for our opinion. Conclusions relating to golng conurn In audits.ng the financial statements, have conduded that the trustees use of the going con¢em basis of accounting in the preparats.on of the financial statements is wropnate. Based on the work we have perf¢)ned. we have not wjentified any material uncertainties relating to events or condrtrons that, indivrdualty or colledivety, may cast signffieant doubt on the group's or the parent charitable companls abilty to conlinue as a going concem for a period of at reasl twelve months from when the financial slatements are authori for issue. Our responsibilities and the responsibititre5 of the tntstees ¥th respect lo wng concem are described in the Televant seetions of this rep)rt.
Independent auditorfs report to the trustees of Ways to Wellness Foundation (contlnued) Other Infomiation The other information comprises the infom)akn induded in the trustees annual report, other than the financi statements and our audrtorfs report thereon. The trustees are responsib for the other infomalion contained within the annual report. Our opinion on the financtal sLements does not cover the other infomiation and we do not express any fomi of assurance ¢ondusion Ihereon. Our respon$ibility is to read the other infomialion and, in doing so, consider whether the other infofmation is materialty inconsistent wlh the financral statements or our knowledge oblain&J in the course of th& audrt or olhemise appears to be materially misstated. If we identtfy such material inconsistencies or apparent Materi misstatements. we are required to determine whether this gtves rise to a material misstatemenl in the financk41 statements Ihemsefves. 11, based on the work we have perfomied, we conclude that there is a material MisstatenI of this other infomwlion. we are required to report that facL We have nothing to rep¢yt in this ward. Matteys on which wo are requlred to report by •xcgpUon In the Iwht ol knthedge and understanding of the gr(p and parent chartsble ccrfnpany and ts environment ¢)btained in the &Jurse of the audit. we have Klenhfied materid mlsslatemgnt in the Iruslees, report. We have nothing lo report in respect of the fdknving matters where the Companiés Act 2006 reqUIS us to report lo you if. in our Opin.. adequate &counting records have not been kept by the parent ¢haritabSe company, or retums adequate for our audrt have not been recewed frm branches wsited by us.. or the paient charrtth companV$ financi statements are in agreement vith the accounling records and returns,. or certain disclosu$ of the trustee's remuneration speufied by law are nol made,. or we have not recewed all the inf0m1atn and gwlanalions we require for our audit.. or the trustees were not eniitfed lo prepare the financial statements in accordance with the small companies. regime and tske aifvanlage of the small companies, exempb.ons in preparing the trustses. report and the requirement to prgpare a StratlC rewt. Responslbilltles of tru5t•es As explained more fulty in the trustees. [esFsIbIllknes statement. the tnjstees (who are also the directors of the charitable company for the Purposes of company are responsible for the preparatKsn of the financial Slalements and for being satisfied that they gNe 8 true and fair viv*. and for such intemal control as the trustee$ dele¥mine is necessary to enable the preparat of financial stalements that aro free from material misstatement. whether the lo fraud or error. In preparirKJ the financial slalements, the trustee5 are re5pon$rble for assessing the g¥oup's and the pafent charitable company'$ abilty lo continue as a w'ng ¢oncem, disck)sing. as applubl8, matters related to going coneern and using the going concem basis of accounting unfess the Iruslees either intend to liqUale the group or the parent charitable company or lo cease operatKJns, or have no realistic altemative bul lo do so. 10
Independent auditorfs report to the trustees of Ways to Wellness Foundation {continued Auditols responsibilities for the audit of the financial statements We have been appointed as auditor under ¥tion 151 of the Charitw Act 2011 and report in accordance with the Act and relevant regulations made or hawng effect thereunder. Our obj'ectives are to obtain reasonable assurance )out whether the finawal stements as a whole are free from malellal misslalement. whether due to fraud or ermr, and lo issue an auditorfs report that includes our opinion. Reasonable assurance is a htqh level of assurance. bLrt is not a guarantee that an audit conducted in accordance with ISAS {UKI 11 afvmys detect a material Mlsstatennt when rt exists. Misstatements can arise from fraud or error and are cOnlIefed material rf. IndUallY oi in the aggregate, they could reasonably be expected to influence the econom decisions of users taken on the basis of these financial statements. Irregularities, induding fraud. are instances of norFeompliance with la and regulations. We design procedures in line wlh our responsibilities, outlined above. to dett material misstalemenls in respect of irregularities, including fraud. The extent to whKh our procedures are ca)18 of detecting irregulartties, induding fraud is detailed below. We identsfied areas of l&¥ and regulations that couhj reasonabty be expected to have a material effect on the financial statements from our general and sedor experience and through discussions with the diredors and other management las r4uired by Audthng Stsndards) and from inspection of the companls legal corSpondence and we discussed with the directors and other management the poliCS and procedures regarding cerfnpliance Yth the law5 and regulatbjns. We communuted idenlrfied laws and regulations wthin our audrt team and remained alert to any irlCa1jns of non-compliance throughout the audiL Firstty, the charitable MpanY is subject to I and reguLqtions that directly affect the financial statemen15 indvding financial reporting legislation's (including related companies legislation) and taxation le9islation and we have assessed the extent of Compliar wilh these la4VS and regulations as part of our procedures on the related financial statement items. Secondly, the charitable company is subjecl to many other and wulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial slalements. for instanee through the imposi(ion of fines and lilwation. We identified the folh)Vn9 areas as those most likely to have such an effect,. data protection, eMpent la4V and certain aspeds of ¢CpanY legislation. rC•sn1$1ng the nature of the companys activibes. Audf(ing Standards limit the wuired audrt prLKedures to idenlfy non<ompliance wi(h these laws and regulakn'ons to enquiry of the directors and other management and inspection of regulatory and legal correspondence. rf any. Through these procedures we have not become aware of any actual or suspeded non-compliance material to the financial $tateffnts. Because of the inherent limitatn3 of an 8JIt. there 1$ 8 risk that we wll not de all irregularrties, including those leading to a material misstatement in the ffinancial statements or non-compliance Trmth regulation. This nsk increases the more that compltance wth a knv oi regulatn is moVed from the events and transactions reflected in the financial statements. as we wll be sS likety to become aware of instances of nonthcompliance. The risk 1$ also greater Tegarding irregularrties occurring due lo fraud rather than error, as traud involves intentional concealnnl, forgery, collusion, (ls$10n or misrepiesentation. A further deseriplion of our responsfoilities for the audit of the financial statements is ted on the Financial Reporting Counryl'$ website at.. www.ftc.o .ukJauditorsres onsibililies. This descnplion fomis part of our auditorfs report. 11
Independent auditorfs report to the trustees of Ways to Wellness Foundation (continued) Uso of oui rgport Thi$ report is made solety to the ch8riWSe ccrfnpanVs trustees, as a b. in accordance with Part 4 of the Chaiities (Accounts and Reports) Regulatrons 2008. Our audrt work has been undertaken 50 that we might slate lo the charitable companls Iruslees those matter5 we are required to slate to them in an audrtorfs report and for no other purpose. To the lullesl extent pem)FNed by L*v. we do not accept oi assume responsibilty lo anyone other than the charitae company and its members. as a body, for our audrt worf(, for thi8 report. or for Ihg opinions we have formed. Anne Hallowell Bsc DChA FCA (Senlor Statutory Auditor for and on behalf of UNW LLP. Statutory Auditor Chartered ACuntsnts Newcastle upon Tyne 29 October 2(Y24 12
Ways to Wellness Foundation IA company IlmS¢ed by guarantee) Consolidated Statement of financial activities (incorporating income and expenditure account) Year ended 31 March 2024 Unrnstrlcted funds 2024 Total funds 2024 Total funds 2023 Income from: Donations and legacies Charitable &tivities Other income 30.129 1.517.913 186.738 30.129 1.517.913 186.738 1,H6,504 79,513 Totsl in¢om¢ 1,734.780 1.734,780 1.526,017 Expondilurg 011: Raising funds Charitable actimties 2.351 1.123,400 2.351 1,123.400 1,691 1,080,532 Totsl 8xpgndituro 1.125.751 1.125.751 1,082.223 N•t mov•m•nt In fvnds 609.029 609.029 443.794 Réconclllatlon of lunds: Total funds brought forward Net movement in lunds 2,635.360 609.029 2,635,360 609.029 2.191,566 443,794 Totsl funds urried forwawd 3.244.389 3.244.389 2,635,360 The consolidated ststement of financial actNlies ndudes all gains and losses recognised in the year. The notes on pages 18 to 30 fOn part of these financial statements. 13
Ways to Wellness Foundatlon IA ¢omp•ny limli•d by guarant••l Consolldated balance sheet At 31 March 2024 2024 2023 Ntgatsv• gc•)ththll Tangibl& 8$sots 178.5151 20.551 19.M3 19,843 {57.9641 CuTh•nt 88Mts Debtors 10 164.816 3396.837 410,(61 2.746,450 Cash at bank in hand 3.461.653 3.156,511 Creditors: arThnts flSrwJ win one 11 {237,107) 1463.187) Net current ass•ts 3324.546 2,693,324 Total ass•ts I•ss CUfr•nt Ilabllltles 3.244.389 2.635.360 Total nèt assets 3.244.389 2,635,360 Ch•rlty funds Unrestricted funds 12 3,244,389 2,635,360 Totsl fund$ 3.244,389 2.635,380 Thè chanty was ontitkd to eXemp1M frcrfn under se¢lKm 477 ofthe Compan5 Aca 20CK8. The memb8r5 have Tr)t reqwred th¥ ¥riW to Lrtain an autht for ts year in qutssb" in 8Lcordance ilh section 476 ofthe crI)an Act 2(. However. an audit is required in •ctordanc I1h Se1 151 of the Ch8ribo$ kt 2011. Th• trust8•s ackn0 thwr T8sFty1ti1thS for comth'ng thilh the requIrents of the Act 7Mth rssp8ct to The finanual statements have teen Fyepared in 8cc<xdan¢• with the proSic$ appkable to entMes subject to the sm811 Mpanio$ wmo. Thè financial statements wwe apwoved aNJ aulknsed issue tythe tnjstees on 29 Octcl)or 2024 gnd slgn8d on their b8haN by. Guy Pllklngton Th8 notes on pages 18 to 30 form part of financial slat8ff*nts. 14
Ways to Wellness Foundation IA company Ilmlted by guardnteg Balance sheet At 31 March 2024 2024 2023 Note Flxed assets NegatNe goo111 Tangible assets Investments {78,515) 20,551 19.843 19.844 157,963) Current assets Debtors Cash at bank and in har+d 10 167.T18 2,859.623 80.520 2.315.879 3.027A01 2,396,399 Creditors". amounts falling due wsthin one 11 1151,962 1307,890) Net Current assets 2,875,439 2,088,509 Total net assets 2,895,283 2.030,546 Charlty fund$ Unreslrieted fijnds 12 2,895,283 2,030,546 Total funds 2.895.283 2,030,546 15
Ways to Wellness Foundatlon IA ¢onwny Ilmltsd by guarant••) Balance sheet (contlnued> At 31 March 2024 The charitywas entild lo exemptiNI from audit under seclion 477 of the Companies Act 2(. Tho m•mbws have rw)t required the entsty to Lth4n an wjdit for the Y n qtiOn in accordance sectKJn 476 of the CoarieS A( 2C)6. Ho¥. an autht is rnquirtd in iU) section 151 crf Ihe Chaiiiies Aca 2011. The tnmtees anOw98 th8r r•spwthiliti•s for Coffwrj ilh tho rtyquirtynwts of thg A¢t tknth respect to a¢¢ountlng recrds and offfinwwl st8teThnts. The financial statèmènts ha baèn prnparad m at£owdw wilh th¥ w)n$ applc#bl& to trnlities $ut4'ect to th$ $m811 o)mpanitis rogime. The financial statements r• appro¥d aThJ autPw)rlsed for issuè by trustw on 29 October 2024 and $Trgrl on their behaw by. Guy Pllklngton (Chair of Trustees) Company rogi5tered number 09183805 Thg not¥s on pws 18 to 30 ftym part of those Tla1 statem. 16
Ways to Wellness Foundation IA company1Srnltod by guarnntee) Consolidated Statement of cash flows Year ended 31 March 2024 2024 2023 Note Cash flows from 0ratIng activities Net cash provided by operating activities Purchase of tangible fixed assets Net cash infiow on xquisrt 13 552,030 742,561 122,243} 125,826 Change in ctsh and equivalents in the year Cash and cash equivalents at the beginning of the year 550.387 846,144 1.900.306 2.746,450 Cash and cash equlvalents at the end of the year 14 3,296,B37 2,746.450 The notes on page5 18 to 30 fo part Olse financial ststements 17
Ways to Wellness Foundation (A company Ilmfted by guarant••) Notes to the financial ststements Year ended 31 March 2024 General infomiallon The company is a company limite(I by guarantee. The members of the company a the trustees named on pwje 1. In the event of the company being wound up, the liabilty in respect of the guarantee is limited to £10 p8r lber of the company. Accounting policies 11 Basls of preparatlon of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021- Accounting Repon9 by Charities". Statement of Recommended Pradice applicable to charities preparing ltr*ir accounts in accordance wrth the Finanual Reporting Slandar(l applicable in the UK and Republ of Ireland IFRS 1021 leffective 1 January 20191, the Financ1 Reporting Standard 8pplicable in the UK and Republ of Ireland {FRS 102) and the Companies Act 20C6. Ways to Wellness FoundatN)n meets the definition of a public benefft entity under FRS 102. Assets and liabilities are In"al recognised at historic cost or transaction value unless otherwise staled in the relevant accounting The consolidated statement of finanaal aclNiknes {SOFAI and nSol1daled balance sheel consolidate the financial statements of the charty and ils subsKliary undertaking. The results of the subsidiary are consdidated on a line by line basis. The Charitab company has taken advantage of the eXeMptn contained within section 408 of the Companies Act 2006 not to present its own inc(me and expenditure account. The totsl profrt for the year deali with in the accounts of the Charitab company was £864,73712023.' £453,843). The financial statements are presented in pounds stwlmig which is the funciional currency of the nyany and are rounded lo the nearest £1. 12 Going concern The group meets its working capital requirements through its operating cash flows. The trustees have considered the group wNJe assessment of finanual forecasts %thich show that the group expects lo retain Sufficient financial resources lo continue meeting ¢ts liabilit5 as they fall due for a least 12 months fdlowing approval of these fin¢la1 statements. After making enquirie5. the trustees have a reasonable expectation that the group has adequate resources lo continue in ¢)perational eStenCe for the foreseeab future. Consequentty. they consider that the prwration of these financial statement5 on a going concem basis remains appropriate. 18
Ways to Wellness Foundation IA MpanY Ilmlted by guarantee) Notes to the financial statements Year ended 31 March 2024 Accountlng policies {contlnued) 2.3 Income All income is recognised once the COrranY has enkn"tlement lo the inco, (( is probable that the income will be receNed and the amount of InCe receNable can be measur&J reliabty. Giant incc¥ne is recLyJnised in full on receipt, or receipt is certain. wlh the exception of programme related grant income whKh is rewnised in the per in which the related octivily takes place, with appropriate arrw)unts acuued or deferred. t)onated seryices Of facilths. whith ccrfnprise donated seryices, are included in income at a valuation which is an estimate of the financial cost bome by the donor where such a cost is quantifiable and measurable. No income ts recognised where there is no financial cost bome by a third paty. Income tsx recoverable in relathjn to th)natw$ received under Grft Aid or deed5 of covenant 1$ recognised at the time of the donatn. Income tax recove18 in rdation to investment irK¢ is recognised al the time the investment income is receivable. Other Inco is recognised in the in whh rt is and to the exlent the goods have been provided or on ccrfnpletion ofthe serv. 2.4 Expendlture Expenditure is xcourted for fm an xcwals basi5 and has been IlLd under expense categories that a39r8Jate all costs for allocation to actNi1. whe costs cannot be directly attribtrted lo particular athitw they have been alIced on a basis eonsistent with the use of the resourees. Royatty payments and Manwhen1 f&5 in Tespect ofthe kjan are rewnised wlhin direct C0515. Support costs are those costs incurred directy in supp)rt of expendrture on the oty'ects of the charity, including those incurred in connection with the administration of the Charity and compliance wi(h cons15tuts.onal and statutory wuiremenls. They are appth"On against the actsvil*s of the charity in line with the estimated usage of those costs. Expendrture on raisiry fvnds includes all eypenditure incJJrred by the group to raise funds for its haritable PLsrposes and indudes eosts of all fundraising actNities events and non-charItab trading. Expenditure on chariLible xtMti8s 1$ incurred on directly undertaking the acIMt %thich further the group's objeth"¥es, as wel as any a$Slated support costs. 15 IntangSble assets Intangible assets are stated * $1 less accumulated amortisatKJn and accumulated impaimient losses. Amortisation is provided on all intsngible assets so as to write off the cost of an asset over ils estimated useful lrfe as folkw". ative gootiknll Amortised over the lrfe of the eontr¥ts Assets residual values and useful lives are revigwèj al the end of each reporting period. and adjusted if appropriate. The effect of any change is accounted for prospectivety. 19
Ways to Wellness Foundation IA company Ilmltsd by guarantse Notes to the financlal ststements Year ended 31 March 2024 Ac¢ountin9 policios (continued) 2.6 Tanglbl• Ilxed assets and dopreclatlon Tangible fsxed assets are stsled al $1 less lmulated deplatn and accumulated impairnenl losses. Cost includes the original purchase price plus any frJrther costs directty attrUtabIe to bringing the asset lo its working condition for its intended use. Depreciation is prov•Jed on all taryible fixed assets at rates cakutated to write off the cost, less their estimated residua valve. over their estimated useful lives as folkms.. Long.tem sehold prcperty Cffice equipment Computer equipment for Link w0er 10% slraight line basis 10% Straht line basis Depreciated over the remaining life of contract Asset residual values and usefvl Irves are miewed at the end of each reporting period. and adjusted if appropriate. The effect of any thange is aceounled for prospectrvety. 2.7 Inv•slm•nts Fixed asset investments are a form of financral instrument and are initialty recognised at their transaction cost and subsequenty measured at fair value 81 the balance sheet dale, nsS the value rannol k measured reliabty in whh case rt is measured at Cost less impairment. Investment gains and losses. whether realised or unrealised. are combined and presented as 'GainsllLossesl on investments, in the consolklaled stnRnt of financial actpiities. Investsments in subsKliaries are valued at cost less provisp3n for impainrnt. 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short4em highty Ib]uhl investments a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.9 Llabllltles and provlslons Liabilrties are recognised when there rs an Obligat)n at the balan sheet date as a resum of a past event. rt is probable Ihal a transfer of economic benefft will be requirell in settlement, and the amount of the settlement can be estimated reliably. knabilrts are TecDJni5ed at the amount that the company anticipates rt will pay to settle the debt or the amount rt has received as advanced payments for the goods or seryices it must provide. 2.10 Financial instrumerbts The group only enters into basic ffinancaal instrument transactions that resutt in the recognition of financial assets and lobilities like trade, intercompany and other accounts receNabie and payable, cash and bank balan and k)ans related partw. All such instruments are In"alty renISed al transaction price. Ltnless the arrangement wnstitules a financing Iransadion, in which case the transaction is measured al the present value of the future receipts diseounted at a market rate of interest. AJI ffinanck instruments are subsequently carried at arno"$ed cost using the effe¢b"ve interest m8thc#J. 20
Ways to Wellness Foundation IA company Ilmltgd by guarantoe) Notes to the financial statements Year ended 31 March 2024 Accountlng policies (continued) 2.11 Deferred taxation The laxion expense for the year c(xnprises current and deferred lax and 1$ recognised in the profft and loss &count except lo the extent that it reL8tes to items recognised in other comprehensive income, or directty in equty, in which case the tax expense is a150 Tecognised in otheT comprehensive income or dirgdty in equity. Current tax is the amount of ineome tax payable in respect of the taxab profft for the current or past reporting peric#Js. 11 is lCUlated on the basis of tsx rates arKI laws that have been enacted substanlNety ened by the balance sheet dae. Oeferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previcyjs pers. It is recognised in respect of all timing drfferences, with certain exceptions. Timing drfferences arise from the inclusion of transactions and events the financial statements in peri$ drfferent from those in which they are assessed for tax. Unrglievod tax losses arvj dher deferred tax a$sets are rwnised onty to the extent that rt is probable that they be recovered against the reversal of deferred tsx liabil&t¥ other fLtturo taxable profits. Defeed lax is measured using the tax r*e$ and Iws that have been enacted Of subslantivety enacted by the balance sheet date Ihal are expe0d to apply lo the reversal of timing drflerences. 2.12 Pensions The group operates a defined contribution pension scheme and the pension char9e represents the amounts payable by the group to the fund in respect of the year. 2.13 Fund accounting Gefier funds are unrestricted funds which are available for use al the discretion of the trustees in furtherance of the general objectNes of the group and whth have not been designated for other purposes. Designated fund$ wnpiise unrestrided funds that have been set aside by thé trustees for partular purposes. The wm and of each dwnaled fund 1$ s81 out in the notes to the financial statements. Restricted funds are funds bvthich are to be used in aeeordanee with $peerf restrictKJns imposed by donors 01 which have been raised by the gioup for particular purposes. The Costs of raising and administering such fund5 are tharged against the specik fvnd. The arn and use of each restricted furKI is set out in the note$ to the finanaal slalemenls. Investment Ir)me. gairss and k)sses are allocated to the appropriate fvnd. 21
Ways to Wellness Foundation IA company Ilmltod by guarantee) Notes to the financial ststements Year ended 31 March 2024 Income from charltable acdvltlos Unre5tr1ctgd nds 2024 Total funds 2024 Total funds 2023 Contracted seryKe delivery 1.517.913 1,517,913 1,446,504 Anatysis of •xp•ndtture by activities Activitie5 undertaken directly 2024 Support costs 2024 Total funds 2024 Provision of servi 666.598 456.802 1,123,400 Activit undertaken directly 2023 Supp)rt cost$ 2023 Total funds 2023 Provision of semces 646,611 433,921 1,080,532 Analysis of support costs Total funds 2024 Total funds 2023 Actlvltles 2024 Wages and salaries (rbote 7> IT costs Legal and professional fee5 Other support costs 313.740 16.971 15,971 110.120 313,740 16.971 15.971 110.120 257,279 31,032 12,770 132,840 456,802 456,802 433.921
Ways to Wellness Foundation {A company Ilmited by guarantee Notes to the financial statements Year ended 31 March 2024 Auditorfy remunerntlon 2024 2023 Fees payable to the companls auditor for the audit of the charrtable companvs annual accounts 8.SOO 9,000 Staff costs Group 2024 Group 2023 Charlty 2024 Charity 2023 Wages and salaries S¢xial security costs Conlribution to defined contributb)n pensv schemes 399.137 35.867 240,340 16.982 269.516 27,613 201,334 14.482 42.885 33,054 30,178 16.026 471.889 290,376 327.307 231,842 The average number of persons employ1 by the charity duriry the year was as fol. Group 2024 Group 2023 No. Charlty 2024 Charty 2023 No. 15 12 The number of emphws wthose pYee benefits (exthding emph)yer Pensi costs) exceeded £60,000 was.. Group 2024 No. Group 2023 No. In the band £70.001- £80.( In the band £80,001- £90.000 The key management personnel ofthe charity comprise the chf exlrtIye officer. ffinanee manager and social preSCfibing devenI lead. The employee benefits total £167,931 12023.. £102,532). 23
Ways to Wellness Foundation (A company Ilmited by guarantee Notes to the financial statements Year ended 31 March 2024 Negative goodwill Group and charity Negatlve goodwlll At 1 April 2023 (125,8261 At 31 March 2024 {125.8261 At 1 April 2023 Credit for the year (47.3111 178.5161 At 31 March 2024 {12S.826} Ngt book value At 31 March 2024 At 31 March 2023 178,5151 24
Ways to Wellness Foundation IA company limited by guaran1••) Notes to the financlal statements Year ended 31 March 2024 Tangible fixed assets Group and Chartty Long4emi leasehold Office Computer property equipment equlpment Totsl Cost At 1 April 2023 Additions 8,183 14.060 4,752 26,995 At 31 March 2024 8,183 15.703 4.752 28,638 Deprttiation Al 1 April 2023 Charge the year 672 828 4.752 1.623 2,351 At 31 March 2024 4,752 8.795 Net book value At 31 March 2024 13.160 19.843 Al 31 March 2023 7.511 13.040 20,551 25
Ways to Wellness Foundation (A company limited by guarante•) Notes to the financial statements Year ended 31 March 2024 Investments Shares in group undertaking Charity Cost or valuatlon At 1 April 2023 At 31 March 2024 Princlpal subsldiarfes The following was a Subsidiary undertaking ofthe th11. Name Company number Country of incorporation Class of $harg5 Holdlng Ways lo Wellness Limited 08798423 England Ordinary 100% The financial resuits of the sUbsidry for the year were". Name Income Expenditure PiofiUILo$sl for the year Ngt assets Ways to Wellness Limited 1,214,765 1566.662) 649,103 349,107 26
Ways to Wellness Foundation (A company Ilmited by guarantsg Notes to the financial statements Year ended 31 March 2024 10. Debtor5 Group 2024 Group 2023 Char 2024 Charty 2023 Trade debtors Amounts ¢Jwed by group undertakirvJs Other debtors Prepaymonls and accrued inc•)me 114,731 321.(M)O 114,731 9.375 3.505 40,167 2,174 84.497 78.346 164,816 410,C61 167.718 80.520 11. Creditors: amounts falllng due vlithln one year Group 2024 Group 2023 Charlty 2024 Chaiity 2023 Trade credrtors Amounts owed to group undertakNigs Other taxation and sctial securty Ac¢nJals and deferred income 31. 48.778 6.897 9.073 9.481 126,511 22,319 67.869 137.6CKI 102,153 307,692 776 284.795 237.107 463,187 151.962 307,890 27
Ways to Wellness Foundation (A company limlted by guarantee) Notes to the financial statements Year ended 31 March 2024 12. Statement of funds Statement of funds- tiirrent year Balance at 1 Aprfl 2023 Balance at 31 March 2024 Income Expgndlturè Unrestricted lunds Designated funds Designaled FurKIs 1.300.0(k) 1.300.000 General funds General fvnds 1.335.360 1.734.780 11.125,751) 1,944,389 Total Unrestrfcted fvnds 2.635.360 1.734.780 11.125.751) 3,244.389 Degna funds relate to pr4ects for secondary prevention and are expeded to be used over the coming year. Statèm•n¢ of funds- prlor year Bala at 1 Apiil 2022 Balance al 31 March 2023 Income Expenditu TransfeTS inlout Unrestricted funds Oeslgnated funds Designated Funds 1.300,CKN) 1,300.000 Ggneral funds General Funds 2,191.5e6 1.S26.017 11.082.223) {1.300,0) 1,335.360 Total Unrnstrithd fvnds 2,191.566 1.526.017 11.082.223) 2,635,360 28
Ways to Wellness Foundation IA company limited by guarantse Notes to the financial statements Year ended 31 March 2024 13. Reconclliation of net movement in lunds to net tash Ilow from operating actlvltle5 Group 2024 GTOUP 2023 Nel IrlMe for the perKhJ {as per Statement of Finanal Activit) 609.029 443.794 Adjustments for. Depreciation chwges Amortisalion chge$ Decrease in detrtOTS Increaselldecre&el in ueditors (ther provis)ns 2.351 178.515 245.245 (226.080 1,692 147,3111 9.177 335,209 Not cash pn)vlded by opernting a¢tlvfti•s 562.030 742,561 14. Anatysls of cash and ¢ash equlvalents Group 2024 Group 2023 Cash in hand 3,296,837 2,746,450 Total cash and cash èqul¥•lents 3,296,837 2,746,450 15. Analysls of changes In net debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand 2.746.450 550.387 3,296.837 16. Pension commitments The group operates a defined contribution pension scheme. The assets of the scheme are held separalety from those of the group in an independentty administered fund. The pension cost charged represents ntributionS payable by the group to the fund and amounted to £42,88512023'. £33,054). AS al 31 March 2024 there were no contributions payable to the scher {2023.. £nil}. 29
Ways to Wellness Foundation IA company Ilmlted by guarantee) Notes to the financial statements Year ended 31 March 2024 17. R8latgd party transadions The charitable ccAnpany ha5 recei¥Ed donations of £904,881 {2023.' £614.8631 from ils subsidiary undertaking, Ways lo Wellness Lrmited, in the year. No amounts rernain oulslanding in respect of these donations at the balance sheet date. The key management personnel of the chantable company comprise the chtef executive officer. finance manager and so¢k81 prescribing development lead. The toW empbyee beneffts for key management personnd are di$closed in note 7. 30