## **AMENDED ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2022**
# **REVERSE THE TREND FOUNDATION**
**(A COMPANY LIMITED BY GUARANTEE)**
**REGISTERED CHARITY NUMBER: 1170880**
**REGISTERED COMPANY NUMBER: 10001362**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
1
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
||**CONTENTS**|
|---|---|
|Page 3|Legal and Administrative Information|
|Page 4 to 6|Report of the Directors'|
|Page 7|Statement of Financial Activities|
|Page 8|Balance Sheet|
|Pages 9 to 17|Notes to the Financial Statements|
|Page 18|Independent Examiner's Report|
2
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED LEGAL AND ADMINISTRATIVE INFORMATION**
|**CHARITY NUMBER**|1170880|
|---|---|
|**COMPANY REGISTRATION NUMBER**|10001362|
|**DATE OF INCORPORATION**|11th February 2016|
|**START OF FINANCIAL YEAR**|1st March 2021|
|**END OF FINANCIAL YEAR**|28th February 2022|
|**DIRECTORS AT 28TH FEBRUARY 2022**|Sarah Morrow|
||Meghan Phillips|
||Jade Potter|
||Ian Gethin|
|**CHIEF EXECUTIVE OFFICER**|Caitlin Hall|
|**GOVERNING DOCUMENT**|Memorandum and Articles of Association Incorporated 11th February 2016|
## **OBJECTS**
To advance the health and wellbeing of Children living in the UK. To deliver this object the Charity will; **a** ) Provide high quality cost effective health programmes. **b** ) Develop and innovative services that address the needs of the changing population. **c)** Provide related training and education. **d** ) Operate as to maximise the Charitable benefit of its income balancing costs and value generation.
|**CORRESPONDENT ADDRESS**|71-75 Shelton Street|
|---|---|
||London|
||WC2H 9JQ|
|**PRIMARY BANKERS**|Barclays Bank Plc|
||1 Churchill Place|
||London|
||E14 5HP|
|**INDEPENDENT EXAMINERS**|Castle View Accounting Ltd|
||New Barn|
||Mudberry Lane|
||Bosham|
||Chichester|
||West Sussex|
||PO18 8TS|
3
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED REPORT OF THE DIRECTORS' FOR THE YEAR ENDED 28TH FEBRUARY 2022**
The trustees present their report along with the financial statements of the charity for the year ended 28 February 2022.
Reference and administrative information set out on page 3 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
## **Structure, Governance and Management**
The charity is governed by the Memorandum and Articles of Association of the company limited by guarantee.
The charity is governed by a board of trustees as listed on page 3. Potential new trustees are nominated by existing trustees.
The trustees have considered the principal risks facing the charity and have put in place systems and controls to mitigate them.
Safeguarding policies have been updated in the light of Covid-19.
The trustees have engaged with Hodwell Associates as part of a funded programme from City Trust to increase trustee numbers.
## **Objectives and Activities**
Reverse The Trend Foundation works with children, young people, families and communities across the UK to improve physical, emotional and nutritional health. There is a particular focus on mental health in light of the Covid-19 pandemic.
Reverse The Trend Foundation recognises the importance of a systematic and multi-sector approach to tackling childhood obesity and mental health. We combine the best business practices with the science of behavioural change and apply this focus into all of our initiatives. We create evidence-based and evidence-gathering programmes.
In setting the objectives and activities for the year, the trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **Achievements and Performance**
We delivered our 12-week Neuronimo programme to 283,000 young people with a set of published outcomes and evaluation.
We extended our resources and inclusiveness by creating animations, closed captions and video content for our programmes.
We created a 12-week Neuronimo At Home programme for parents and care-givers to access. To date over 33,000 registrations have completed Neuronimo At Home.
We ran a week long online programme during Children’s Mental Health week which was attended by over 100,000 young people.
We delivered throughout London, N. Ireland, Republic of Ireland, Cambridge, Essex and Southampton.
We redesigned our University-led Randomised Control Trial to a multi-centre trial in light of Covid-19. Four centres in England, Scotland, Wales and Northern Ireland will now run the same Study Protocol allowing for cohort changes due to Covid-19. Public health continue to support the RCT along with local authorities. Recruitment to the trial will begin in Autumn 2022.
We have seen an increase of 62% in enquiries from members of the public to access our services.
## **Collaborations**
We continue to work with government agencies to implement our programmes. We work closely with Public Health, Department of Education, Department of Health, The Education Authority, Directors of Education in Wales, SafeFood, SHINE Network in Scotland and Local government throughout the UK. We continue our relationship with CIVA and AHSN’s throughout England.
Our UK Randomised control Trial with our Academic Partners is due to recruit in Autumn 2022.
## **Technology**
We continue to work with Microsoft’s Non Profit programme and to comply with GDPR regulations.
4
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
We have registered with ICO for data compliance.
We have engaged with an Internet Safety provider to provide an NCSC certified IT check. We have updated our website to include added virus protection and information.
We have upgraded our systems and tightened security around all online work.
We have been using a Learning Management System to deliver both online and in person programmes.
## **Programmes**
We continue to create age-appropriate materials and programmes to accommodate children and young people aged 4-18 years old. We have developed and extended our programmes based on evaluation and feedback. Due to the success and appetite for our 12-week programme we are designing a year-round programme.
We have stripped back our programmes to create a minimum baseline of good mental health for children and young people. With only 5% of NHS budgets spent on prevention, we renew our pledge to reverse the trend of childhood obesity and poor mental health.
We have created extensive mental health materials to work alongside our physical and nutritional health programmes. We have endeavoured to maximise inclusivity with our programmes and work, providing translations of work and hard copies where online access is not available.
We have developed a Neuronimo At Home programme for parents are care-givers.
We have adapted the programme and delivered to 10,390 SEND young people.
We have delivered the programme to 6,872 ESL young people.
## **Reach**
We have continued to extend our reach to Cape Town, England, Wales, Scotland and Northern Ireland and Republic of Ireland.
## **Staff**
Our anticipated staff recruitment in 2020 was placed on hold due to deferred funding. We continue to use our Ambassadors on a self-employed basis and outsource our production teams. We aim to recruit permanent staff in line with the expansion of the programme and RCT in 2022/2023.
## **Volunteers**
We continue to work with a total of 28 volunteers.
## **COVID-19 impact and Cost of Living**
As a charity we have continued to be greatly impacted by COVID-19 and the looming cost of living crisis. Our young people have been impacted in both their mental and physical health through and post pandemic. A looming cost of living crisis combined with an energy crisis will further impact both mental and physical health. Cold homes will have an impact as will reduced spending capacity due to rising costs of day-to day bills. Parental stress will impact greatly and we anticipate an increase in demand for services as seen during Covid-19.
## **Financial Review**
The charity has made efforts this year to secure outside funding and continued in this year to put in place the foundations needed to build reserves. We piloted a small charge for our programme as a diversification of income source which was well received and we plan to continue.
The trustees are confident that the ongoing works in getting the structure and procedures in place alongside anticipated contracts will in the future lead to a financially sound basis for the charity.
## **Reserves**
The charity has reached and maintained its 5 months reserves by generating unrestricted surpluses after a previous drop in reserves due to an unprecedented increase of service coupled with a delay in funding due to Covid-19.
## **Accountants**
Castle View Accounting were appointed as accountants to the charitable company.
5
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## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **(Incorporating Income & Expenditure Account)**
|**Notes**
**INCOMING RESOURCES**
**Income Resources from Generated Funds**
Donations Grants & Legacies
**3a**
Investment Income
**3b**
Activities for Generating Funds
**3c**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Cost of Generating Funds**
Cost of Charitable Activities
**4a**
Cost of Generating Funds
**4b**
Governance Costs
**4c**
**TOTAL RESOURCES USED**
**NET INCOMING/(OUTGOING) RESOURCES**
Balance Brought Forward
Introduction of Learning Management System
**5 & 18**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
21,113
121,274
142,387
112,537
-
-
-
-
28,388
-
28,388
-
**49,501**
**121,274**
**170,775**
**112,537**
125,741
121,274
247,015
110,427
-
-
-
2,000
700
-
700
1,170
**126,441**
**121,274**
**247,715**
**113,597**
**(76,940)**
**-**
**(76,940)**
**(1,060)**
(13,796)
-
(13,796)
(12,736)
-
57,388
57,388
-
**(90,736)**
**57,388**
**(33,347)**
**(13,796)**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing.
The notes on pages 8 to 17 form part of these financial statements.
7
REVERSETHE TREND FOUNDATION
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## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **1. ACCOUNTING POLICIES (Continued)**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
The accounts have been prepared on the assumption that the Charity is able to continue as a going concern which the Trustees consider appropriate having regard to funding secured for 2022/23. The Trustees have provided ongoing support to the Charity and have obtained loan finance, allowing the charity to carry out further scheduled charitable activities during this financial period.
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
9
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **1. ACCOUNTING POLICIES (Continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Support Costs**_
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## _**Pensions**_
The Charity operates a define contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the financial period. Pension contributions are charged to the Statement of Financial Activities as they become payable.
## _**Taxation**_
The Charity is exempt from tax on its charitable activities.
## _**Legal Status of the Charity**_
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## _**Fixed Tangible Assets**_
Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied per annum are as follows:
General Equipment 33.33% Straight Line Basis Restricted Equipment 33.33% Straight Line Basis
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
10
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Mar-21
Additions
Net Book Value at
28-Feb-22
Depreciation
01-Mar-21
Charge
Depreciation at
28-Feb-22
Net Book Value
28-Feb-22
Net Book Value
28-Feb-21|Restricted
General
Equipment
Equipment
**Total**
Cost
Cost
**2021/22**
£
£
£
-
6,450
6,450
-
-
-
-
6,450
6,450
-
4,300
4,300
-
2,150
2,150
-
6,450
6,450
**-**
**-**
**-**
**-**
**2,150**
**2,150**|
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 28th February 2022: None 28th February 2021: None
11
(A COMPANY LIMITED BY GUARANTEE)
## **REVERSE THE TREND FOUNDATION**
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **3. INCOMING RESOURCES**
|**Notes**
**a) Donations Grants & Legacies**
Gifts & Donations
Grants
**5**
**b) Investment Income**
Interest
**c) Activities for Generating Fund**
Programme Income|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
113
-
113
17,166
21,000
121,274
142,274
95,371
**21,113**
**121,274**
**142,387**
**112,537**
-
-
-
-
**-**
**-**
**-**
**-**
28,388
-
28,388
-
**28,388**
**-**
**28,388**
**-**|
|---|---|
12
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **4. RESOURCES EXPENDED**
|**Note**
**a) Costs of Charitable Activities**
Administrative Costs
Bank & Interest Charges
Depreciation Expenses
Direct Programme Costs
**5**
Programme Design Costs
Website Costs
**b) Cost of Generating Funds**
Fundraising Costs
**c) Governance Costs**
Independent Examiners Fee
**9**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
842
-
842
1,940
1,306
-
1,306
-
2,150
-
2,150
2,150
33,949
121,274
155,223
96,178
87,494
-
87,494
7,977
-
-
-
2,182
**125,741**
**121,274**
**247,015**
**110,427**
-
-
-
2,000
**-**
**-**
**-**
**2,000**
700
-
700
1,170
**700**
**-**
**700**
**1,170**|
|---|---|
13
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **5. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
|Learning Management Programme
Cambridgeshire Community Foundation
The Hampstead & Campden Wells Trust
Lewisham Local Giving - Covid Measures Fund
Lewisham Local Giving - Infection Control Fund
Lewisham Local Giving - Testing Fund
Association of Mental Heath Providers
The London Community Foundation
Food Safety Fund|**Balance**
**Balance**
**01-Mar-21**
Income
Expenditure
Transfers
**28-Feb-22**
£
£
£
£
£
-
57,388
-
-
57,388
-
4,855
4,855
-
-
-
2,000
2,000
-
-
-
832
832
-
-
-
926
926
-
-
-
1,000
1,000
-
-
-
4,640
4,640
-
-
-
7,021
7,021
-
-
-
100,000
100,000
-
-
**-**
**178,662**
**121,274**
**-**
**57,388**|
|---|---|
## **PREVIOUS FINANCIAL YEAR**
|CAF Covid
Charles S French
City Bridge Covid
Coventry City Council
Fowler Smith & Jones
City Bridge Trust Covid Programme
Local Giving Fund
National Lottery Fund
Pathways Trust Fund|**Balance**
**Balance**
**01-Mar-20**
Income
Expenditure
Transfers
**28-Feb-21**
£
£
£
£
£
-
10,000
10,000
-
-
-
2,500
2,500
-
-
-
48,614
48,614
-
-
-
2,000
2,000
-
-
-
2,000
2,000
-
-
-
25,757
25,757
-
-
-
500
500
-
-
-
2,500
2,500
-
-
-
1,500
1,500
-
-
**-**
**95,371**
**95,371**
**-**
**-**|
|---|---|
**CAF Covid** - Creation of online programmes and materials, as well as covering some core costs, administration, insurance, telephone lines.
**Charles S French** - For delivery of online mental health support to children and young people in Barking and Dagenham during lockdown.
**City Bridge Covid -** For delivery of online mental health support to 60,000 young people. Funding was used to purchase equipment, safeguarding measures and training to repurpose the delivery of the behavioural change programme **.**
**Coventry City Council** - Towards an online programme for children and young people to show benefits of exercise on physical and mental health.
**Fowler Smith and Jones** - For delivery of a remote programme of Neuronimo stage 1 - focusing on mental and physical health using local Ambassadors. Areas of work identified included Clacton-on-Sea, St James and Golfgreen, which have significantly higher levels of childhood obesity and poor mental health than the National average.
**City Bridge Trust Covid Programme** - Increased capacity to deliver online mental health support to our current and new users totalling 120,000 young people after success of previous work. Funding bought equipment, safeguarding measures and training of staff to repurpose the delivery of the behavioural change programme.
**Local Giving** - For design work on the physical activity online programme.
**National Lottery** - Funding used to set up an online connections service for BAME teenagers aged 12-15 In the Brent area to create virtual meet-ups.
**Pathways Trust** - An emergency Covid grant used to fund the delivery of online programmes.
**Learning Management System** - Online resources for Children and Young People to deliver specific learning programmes.
The restricted funds held are represented by the Charity's cash reserves and stock maintained and are to be expended as specified above.
14
(A COMPANY LIMITED BY GUARANTEE)
## **REVERSE THE TREND FOUNDATION**
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **6. INVESTMENTS**
The Charity held no fixed assets investments during this or the previous financial year.
## **7. DEBTORS AND PREPAYMENTS**
|Sundry Debtors
**8. CASH AT BANK AND IN HAND**
Cash at Bank and in Hand
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Sundry Creditors
Independent Examiners Fee|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**28-Feb-22**
**28-Feb-21**
£
£
**£**
**£**
-
-
-
6,855
**-**
**-**
**-**
**6,855**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**28-Feb-22**
**28-Feb-21**
£
£
**£**
**£**
2,464
-
2,464
9
**2,464**
**-**
**2,464**
**9**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**28-Feb-22**
**28-Feb-21**
£
£
**£**
**£**
-
-
-
1,140
700
-
700
1,170
**700**
**-**
**700**
**2,310**|
|---|---|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
|Bounce Back Loan
Private Loan
The Charities Aid Foundation - Loan
The Centre for Innovation & Voluntary Action - Loan|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**28-Feb-22**
**28-Feb-21**
£
£
**£**
**£**
10,000
-
10,000
10,000
10,500
-
10,500
10,500
40,000
-
40,000
-
32,000
-
32,000
-
**92,500**
**-**
**92,500**
**20,500**|
|---|---|
The Charity secured a Government-Backed Business Interruption Payment - Bounce Back Loan via Barclays Bank. The Charity secured a £10,000 loan at 2.5% interest with no repayments due within the first year and with repayment terms of 72 Months.
Private loans are interest free loans from private individuals with no specific repayment terms. The loans are outstanding as at 28th February 2022 and the loans were provided by a trustee (see note 14 for further details).
On the 30th September 2021, the Charity obtained an unsecured Loan from The Charities Aid Foundation. The Charity obtained an unsecured Loan of £40,000 at 6.5% interest and repayment terms of 25 Months.
On the 9th August 2021, the Charity obtained an unsecured Loan from The Centre for Innovation & Voluntary Action. The Charity obtained an unsecured Loan of £32,000 at 5.00% interest and repayment terms of 36 Months.
15
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **11. NET ASSETS BETWEEN FUNDS**
|Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**28-Feb-22**
**28-Feb-21**
£
£
£
£
-
-
-
2,150
1,764
57,388
59,153
4,554
92,500
-
92,500
20,500
**(90,736)**
**57,388**
**(33,347)**
**(13,796)**|
|---|---|
## **12. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES**
The Company is Limited by Guarantee and is a Charity registered with the Charity Commission number 1170880 and is not, therefore, subject to Corporation Tax and does not have a Share capital.
|Profit / (Deficit) for the financial year
Other Recognised Gains
Balances Brought Forward
Closing Funds at 28th February 2022|**TOTAL**
**2021/22**
**£**
(76,940)
-
**(76,940)**
(13,796)
**(90,736)**|**TOTAL**
**2020/21**
**£**
(1,060)
-
**(1,060)**
(12,736)
**(13,796)**|
|---|---|---|
## **13. STAFF COSTS AND NUMBERS**
The Charity employed no members of staff during this or the previous financial year. The Charity continues to use Ambassadors on a self-employed basis and outsource our production teams. We aim to recruit permanent staff in line with the expansion of the programme and RCT in 2022/2023.
The key management personnel of the charitable company comprises the trustees and CEO. The total employee benefits of the key management personnel were £nil (2020/21: £nil) as all work was carried out on a voluntary basis.
16
## **REVERSE THE TREND FOUNDATION**
(A COMPANY LIMITED BY GUARANTEE)
## **AMENDED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 28TH FEBRUARY 2022**
## **14. PAYMENTS TO DIRECTORS AND RELATED PARTIES**
During the previous financial year Trustee Mr Ian Gethin made a loan to the Charity totalling £10,500, in furtherance of the Charity's objects. The loans bear no interest and the loans are repayable by the Charity when sufficient resources become available. The loans are fully outstanding as at 28th February 2022.
On the 17th January 2017, the Trustees agreed to acquire the use of services for research and development purposes and agreed for those services to be delivered by Neuronimo Limited (Registered Company Number NI655004). It was agreed that the research and programme delivery services would be administered by Neuronimo Limited (Registered Company Number NI655004) at no initial annual cost, which would be reviewed annually by the Trustees.
During the financial year the Trustees of Reverse The Trend Foundation (Registered Charity Number 1170880) agreed to enter into contractual agreement with Neuronimo Limited (Registered Company Number NI655004) to carry out research and programme delivery related to the UK Randomised Control Trial. The objects of the the UK Randomised Control Trial is to determine the effect and impact of the Charity's intervention programmes to combat childhood obesity and poor mental health in furtherance of the Charity's objects.
During the financial year Neuronimo Limited (Registered Company Number NI655004) received £79.738.66 for services supplied to Reverse The Trend Foundation (Registered Charity Number 1170880) for research and the delivery of training programmes relating to the UK Randomised Control Trial in furtherance of the Charity's objects.
The Chief Executive Officer of Reverse The Trend Foundation (Registered Charity Number 1170880), Mrs Caitlin Hall is a Director and Shareholder of Neuronimo Limited (Registered Company Number NI655004). The Chief Executive Officer, Mrs Caitlin Hall is also related to Reverse The Trend Foundation Trustee, Mrs Sarah Morrow and and all conflicts of interest have been identified, managed and documented in accordance with the Charity's Governing Document.
No other payments were made to directors or any persons connected with them during this financial period. No other material transaction took place between the charity and a director or any person connected with them.
## **15. RISK ASSESSMENT**
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **16. RESERVES POLICY**
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
## **17. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
## **18. STOCK**
Stock consists of the Learning Management Programme which is used as an online resources for Children and Young People to deliver specific learning programmes. Programmes credit are charged at US Dollar rates in order to generate profits to further the Charity's objects. Stock is valued at the lower of cost or net realisable value.
17
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Raport to thÈ IrLt£S1 rnAmt)RrR nf Rth*rs• T• Tr oDtt* ¥rnenW axounts lor the y•8r endod 28th February
Z022 vui tMI kry¥5 8 10 17.
RoJP8Ctlv• r•$rNbIltlO1 of trust8 and •xamln•r
The CharW8 tnJst86$ (Wr ore th8 the ¢unp3ny lor tha purpcws of et)ftyBny lawl ar8 respon&lbk for th&
proparation of the financial Statornen The tnjstees are lfiAl that the art requir*ment of &Gtion 144111 of th• cliaril1>
Act 2011 (the Act) does not appty. and that there i8 no ruIrN*nt in Ihe goyerntsng dowment or constilution of the Chanty for
th¢ conduGtln9 ofan audL As a Wlbww¥rKJJ. IhE trt95 elthj Ihai me llnancw sr8remm be subw io Inoown(Jent
*ygmln&tion
Havino Satistied rnyseir that tm d*rity i4 not It) #urfil. Ar¥1 v4 A*iiNp. fnr ifwwgnt eIn¥tn. it Is my r•*pDniibilty
to'.-
al 8xaminè aecounts under section 145 of the Att.
bl io follow tne prcrt&Yures laK# down in the General Dir&kns an by th8 Charity lmI$Slrt ijndèr sec*)n 145(Sllbl of the
Act: &nd.,
el tr> 8t•t• wh•ther p•rticul•r m•tt•r• h•v• corn• tr• my *ttWl.
of Irwjopvndont gxamln•fsstst•mortt
I conduGtpd ry exomlnotK>n th accordwce *ilh the Gowal gi¥w by Clwrily CLxThmirS fLY EnBI?n(l &
Wal85 in r8ktion 10 th& conduding of an irKIApiThlwii examin#tion. referj to *bov•. kn indopendenl oxamin*knon in¢ludes a
reviv* ofthe accwnbrty r¥wrLlJ by the Chffj anLI Ofthe%nj ¥ystew6emkknd bv Ihe Gharity and a comoarison
ofthe financial $tat•rnent8 pre8wt8d with thoBe r8cf*d& rt also irK4L¥los conwder8tM)n of any unusu•l (tern$ di8cbsurès In th¢
nn8n¢i31 *atemenis. aNJ seekiw expknalion$ Irom you as trusteés CCOMIj sKh matters. The purmxo nf Ihp p¥Aminalion
its to e3tobll8h 6$ far a& pOlb1 Ihal Ihere hav¢ hen no breacf*s of Ihg Clidiilmxo l¥laU[l thdl Ihe financial sNemenis
comply lh8 SORP. on nf to th• grrrtwts •nd disclosur•s in th• fInanty• $tatements.
Triv procedures undertakgn 00 nlx Pro11e 1 tr t• reowred In an audL and inforniatK)n $uDplied by the
Iru6t086 in th& oftho o¥orninotion LI not aubpded lo oudlt te*s or¢ryJ1ri. aTrJ Cre9uQnIiY I do i)L)l Jii ¥uLlil
opinion on th8 V by ria91 Stalem1& arnl In rt*IlAr. l oxprets Th) ownion ag lo wWh•r th• fin4neial
8t•t•mw)ts 9N• • tru• f•ir vthy of tho •ff•r• orf fv tharty, my report * Ilmrt•d to ihe mattern 18t fWt in th• tht•Thnl
hplnw
I pianneo ana p8normeo my examinthn w as to Sal rnyseff that t0t¥0.¥08 ofth8 èxaminAtinn Arft ar.hlAvwJ
Dnd bcforc nnollslng th¢ wport l obtoin wrtiien •Wr•ft frorn the tnts1 olal maitrthl [nalt¥.
Ind•pond•nt •xamln•r'i 8tat•m•nt
In th• cours• of my •x*mination, rK* rn•Mw has ¢¢>Y* to ffly alknilwJn:
gives me reasonabkn uus• to bolwe that in, any wtOn. the trU6t wuirom¢nts..
. to keeo accountina records In accor¢arKe wrth seclx)n 386 Oft ComDanK8s %YMI.' antl
. Iu Vl*lVdl¥ Ul119 *ttich xcord nI1 recrt compw th ¢he 8¢counDTh] reouirements ol $ethon ot the
Cornpani6s Act 2006 and with the melhod6 and prirvplog of tho Stotomont of reeommended Proct+w'. Accounting and
Reporting by Lnanw.
hovè not bBon mot., or
trj %thich, in my wr. attention should t* ¢knvn in order to wwbl• • prop•r under8tsnding ol tho a¢¢gunts to be
rEaGhEd.
Attontion 1¢ Orobvn to Ihc loot thot at 2e rebruory 2022. the Ghftritys fur%Js vKre in der1 £33,Y7. Ylliil>l Illl) VlfèviIi¥ d
material nrtaInty In rolati)n lo the Chantys abilrty lo ttJntiniJA A (r*n. forth• r•ason$ 8Ot wt in accountirvJ pDIicy
In All nthAr rAyr*%, I h8v8 nCern9 •ThY h¥v• c¢m• acros5 no *)thgr n)8ttor6 in connBclw with the examinotion to svhich
ttention thould be drawn In thL8 rep(rt in or(Jerro en8e a woper yrn1ng of the accotsnts lo be reachod.
K fA)IIAknI MAAT
Castle Mew Acc4)unfjno Lld
Now Bom
IAiidhftrry l #ne
Bosnarn
Chiohester
WAqt qiiÈg6¥
P01é 8TS
Date.. 4th May 2
18