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← Poetsin

2023-09-30-accounts

7heC ental He .com

Table of Contents

01 Introduction
02 Message From Our Leaders
03 PoetsIN People First Priorities
04 Our Specialities
05 Our Service Goals
06 Our Highlights
07 The Next Year
08 The Client Voice

PoetsIN - The Creative Mental Health Charity

01

Introduction

Since inception, PoetsIN has been dedicated in providing mental health support to those in need. Utilising it's awardwinning creative mental health services, alongside a team with lived-experience, PoetsIN has supported thousands of individuals from all walks of life to change, improve, and save lives.

Over the last year, we have worked with over 5000 people across the UK, providing vital support to adults, children, and young people.

We have provided support via our creative services:

We have also empowered individuals to utilise our free resources to improve their mental health and wellbeing with over 5000 downloads.

We have achieved our target of ensuring no one is waiting for support for more than two weeks and have ensured that no one is waiting for a response for longer than 24 business hours.

Whilst providing the above support, we have worked diligently as a team to provide advice, guidance, and education across social media and our website, providing a plethora of free downloadable resources to provide everyone with access to the most up-to-date information on mental health and wellbeing, and managing symptoms with our innovative tools.

This year, we have continued to demonstrate our belief that everyone should have equal access to and opportunity of mental health support by providing alternative access to those who are digitally or physically excluded. This means we have not turned anyone away from our support. 100% of people who have enquired have been offered support from PoetsIN.

PoetsIN - The Creative Mental Health Charity

02

Message From Our Leaders

We couldn't be more honoured to do the work we do. We’re a small charity with big goals, creating big impact for those who struggle with their mental health.

The last 12 months has again proven to be the busiest in our history. Deteriorating mental health across the country has seen PoetsIN receive a high number of self-referrals with clients stating that they have been waiting longer than 12 months for NHS support due to rising waiting lists and a reduction in NHS funding surrounding mental health support. We’ve also seen a significant increase in the number of under 16's being referred to us by schools, local authorities, and worried parents/carers/loved ones.

We have spent the last 12 months supporting and educating those with varying diagnoses, coming from all walks of life and all corners of the country.

Not only have we improved our services over the last year, we have developed new ones. We are so proud of the results we have achieved both within the efficacy of our support and within client feedback which focuses on the quality of our services and their experiences of it.

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PoetsIN - The Creative Mental Health Charity

03

PoetsIN People First Priorities

Our people first priorities

We have many KPI's and quality driven targets at PoetsIN. The following people first priorities are to ensure that everyone who contacts PoetsIN gets treated equally, fairly, and with the utmost respect and dignity in accordance with our governing policies. Everyone who contacts PoetsIN or utilises our services should feel heard, valued, cared for, and supported.

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Priority 1 - Equal access and opportunity

We believe that there are too many discrepancies within our mental health system, with some people not fitting primary criteria but not being "ill enough" for secondary criteria. We believe everyone should have equal opportunity of and access to mental health support.

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Priority 2 - Quick access to support

Accessing mental health support is often a postcode lottery with some people waiting for 2 years for support – all whilst their mental health deteriorates. We believe that no one should wait longer than 2 weeks for support. Early intervention is key.

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Priority 3 - How we treat clients

Mental health services can often feel as clinical as physical health services. We believe that clients should feel valued, cared for, heard, respected, understood, and supported at all times.

Priority 4 - Physical and mental health equality

Mental health is often not regarded as equally important as physical health. We believe that mental health should be regarded equally alongside physical health.

PoetsIN - The Creative Mental Health Charity

04

Our Specialities

We are proud to be known by referrers as specialists in our field, working with clients who have complex needs. We've defined our specialities to ensure ease of access for public and private sectors who may want to engage our services for their people. We continue our services to adults, children, and young people, across the UK.

Children and young people

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Alongside our regular services, we provide support for looked after children via virtual schools, schools or social services. We also provide one page profiles, wellbeing reports, attend professionals and PEPs meetings, and provide mental health training and support for teaching and non-teaching staff. We have an excellent track record of working with students who currently are not accessing school.

Prisons, Probation, and Ex-offenders

We specialise in working with people in prison, those who are on probation, and ex-offenders with both our Creative Mental Health Programme and our bespoke one-to-one services for those within high risk categories. We further specialise in MAPPA clients and working within a multi-disciplinary team to ensure the wellbeing and overall welfare of the client. We ensure that offenders and ex-offenders have equal opportunity of and access to mental health support with a compassionate approach, respecting their dignity.

Safeguarding

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As an organisation that works with children, young people, and vulnerable adults, we have a duty of care to ensure the safety and wellbeing of our clients. We have been commended by social care, educational psychologists, and the MET Police for our excellence within safeguarding.

Food Banks

We work with a number of food banks across the country and are able to provide food bank vouchers for those struggling to afford food. We are working hard on being able to do this in more areas across the UK.

Social Prescribers / MH Teams / GPs

We often receive referrals from the above and are proud to be able to support the NHS during times where waiting lists are at an all-time high. This demonstrates the trust we have built with Drs, psychologists, and other health professionals.

Welfare to work

We are proud to be able to provide welfare to work health services. This includes removing mental health barriers allowing clients to access meaningful employment.

05

Our Service Goals

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Our service goals are a good way to monitor and measure our progress.

The following are standards we have achieved in the last 12 months, which remain consistent from last year. Our target percentages are between 95% and 100% as we aim to achieve the very best level of service for our clients.

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Our KPI Goals % of the time
Referrals to be acknowledged within 24 business hours. 100%
Triage to be arranged within 48 business hours of initial
100%
referral
Clients who disengage to be contacted 3 times to explore
ways to support reengagement. Contact must begin 1 day 100%
after disengagement.
All clients completing our programme services to have a
100%
Wellbeing Report.
All records to be kept up-to-date with clear and concise
100%
notes about contact with client.
Clients who have not notified of absence to session to be
called to check in on their wellbeing and to arrange session 100%
participation.
All clients to receive feedback forms at the end of their
programme sessions to give us vital feedback on our service 100%
and how we can improve.
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PoetsIN - The Creative Mental Health Charity

Our Service Goals Contd...

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Our service goals are a good way to monitor and measure our progress.

The following are standards we have achieved in the last 12 months, which remain consistent from last year. Our target percentages are between 95% and 100% as we aim to achieve the very best level of service for our clients.

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Our KPI Goals % of the time
All clients must have a session booked to start within one
98%
month of referral.
Those who have a session booked within a month but longer
than two weeks to have weekly wellbeing calls until session 100%
start.
All clients who miss a session are given the opportunity to
100%
catch up with the session content.
All clients to have their WEMWBS and impact assessment
98%
captured and documented before and after session.
Client feedback rates their experience as positive. 100%
Client feedback rates our service at good or excellent. 100%
Digitally excluded clients are given alternartive provision to
100%
join.
Clients are either signposted or referred to other support
services should this need be identified (housing support, 100%
debt support etc).
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PoetsIN - The Creative Mental Health Charity

Service goals are a great way to measure our impact.

Our service goals outlined on the previous two pages set the standard to allow or support provisions to provide maximum impact for our clients.

Our Impact

Our direct impact within our support programmes is outlined below:

98%
99%
89%
94%
88%
99%
100%
98.2%
90%
96%
89%
100%		 feel less anxious as a result of being a client.
feel less depressed as a result of being a client.
feel less isolated as a result of being a client.
feel reassured and supported as a result of being a client.
feel more understood as a result of being a client
feel more confident as a result of being a client.
feel more inspired as a result of being a client.
feel happier as a result of being a client.
feel more included as a result of being a client.
feel in control of coping strategies as a result of being a client.
feel encouraged by PoetsIN to partake in self-care.
said that PoetsIN is valuable to them.

PoetsIN - The Creative Mental Health Charity

06

Our Highlights

Looking back at the last 12 months

We have picked out some of our highlights of the past year.

Through our continued excellence as a specialist service provider for complex cases, providing support where other organisations may struggle.

Receiving referrals from our colleagues across statutory agencies,

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helping lighten their load and provide our insight and expertise: NHS IAPT referrals

Delivering a workshop to The Royal College of Psychiatry

PoetsIN - The Creative Mental Health Charity

07

The Next Year

Looking forward over the next 12 months.

We have many goals for the next year and below are the three main continued focuses for the charity which have been identified based on need and demand.

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01 Children and Young People in Schools

Where 1 in 6 struggle with their mental health, we are committed to working within schools to improve mental health and wellbeing whilst training teachers in mental health matters.

02 Adults via third party or self-referrals.

Where 1 in 4 have a diagnosed mental illness, we remain committed to providing impactful support that improves, changes, and saves lives.

03 Employees within Organisations.

In a workplace where mental illness is the leading cause of absence, we endeavour to provide employers with wellbeing in their workplace support to reduce mental illhealth within the workplace and increase mental health awareness.

PoetsIN - The Creative Mental Health Charity

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08
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The Client Voice

You've heard from us, let's hear from them.

Our clients are the most important part of the charity. After all, that's why we exist. To end our report, we think there's no better way than to share their voice and trust us when we say there's plenty more where these came from!

One pupil chose to share his free-writing purge with the group, his form tutor, another teacher and his mum. Both the form tutor and the other teacher said that it made them cry, but also that it seemed that a weight had lifted from his shoulders. The following day, he remained in lessons for the first time in several weeks – then, the next day, he made it two in a row. As this pupil was a reluctant writer, it was phenomenal to see this pupil carry the notebook everywhere he went and putting it all down on paper.

The response from all involved has been amazing and we cannot wait to go again with the next group. PoetsIN – you rock!

for all their help. The most selfless, understanding and caring team ever. I hope everyone gets the kind of help and support I have received. Genuinely the nicest and kindest souls I have had the pleasure to work with.

Looking forward to having PoetsIN back for more.

Provide excellent tools for coping with stress, anxiety, depression. I feel a definite improvement in my day-to-day mood. Would recommend PoetsIN.

Very honest and open. No judgement on what people were saying. Quite fun and also thought provoking.

POETSIN

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A McCart
I Hawtin
B Alexander
L Wilsher
Mr M Walters
Mr B Smyth
Charity number 1174754
Principal address Eco Innovation Centre
Peterscourt
City Road
Peterborough
United Kingdom
PE1 1SA
Independent examiner Azets
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ

POETSIN

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present their annual report and financial statements for the year ended 30 September 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The objects of the CIO are: to promote the rehabilitation and the physical and mental health of those with mental illness, disabilities, addictions, those who are homeless or imprisoned or at risk of offending / reoffending upon release from prison through the use of creative writing and mentoring to help aid mental wellbeing, reduce anxiety, depression, self harm and to increase self confidence and self-worth of those who struggle with social anxiety.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The accompanying end of year report outlines our progress and achievements over the last year.

Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between six and nine month’s expenditure. The trustees consider that reserves at this level will ensure that, given the risk nature of our beneficiaries, they will be able to continue to benefit from the charity’s support while consideration is given to ways in which additional funds may be raised, and to further ensure financial resilience and stability to provide beneficiaries with continued and consistent support.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a charitable incorporation organisation which was registered with the Charity Commission on 20 September 2017.

The trustees who served during the year and up to the date of signature of the financial statements were: A McCart

I Hawtin B Alexander L Wilsher Mr M Walters Mr B Smyth

The charity’s constitution requires a minimum of three Trustees. Trustees are appointed for a term of three years. They are appointed by majority agreement of current trustees.

The charity looks to recruit trustees that have experience in one of the key areas agreed upon by the trustees. These include, but are not limited to: finance, third sector experience, and mental health sector experience.

Trustees are required to attend any training sessions that aid their understanding and increase their knowledge to be able to continue to carry out their duties as a trustee effectively.

None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

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POETSIN

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POETSIN

I report to the trustees on my examination of the financial statements of Poetsin (the charity) for the year ended 30 September 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

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Mark Jackson FCA DChA

Westpoint Lynch Wood Peterborough Cambridgeshire PE2 6FZ United Kingdom

Dated: .........................19/04/2024

POETSIN

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023

Current financial year
Unrestricted
Designated
Restricted
funds
funds
funds
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
3
123,240
-
92,569
Charitable activities
4
44,486
-
-
Total income
167,726
-
92,569
Expenditure on:
Raising funds
5
3,649
-
-
Charitable activities
6
138,385
-
92,569
Total expenditure
142,034
-
92,569
Net incoming resources before transfers
25,692
-
-
Gross transfers between funds
(2,250)
-
2,250
Net income for the year/
Net movement in funds
23,442
-
2,250
Fund balances at 1 October 2022
151,627
10,000
-
Fund balances at 30 September 2023
175,069
10,000
2,250		 Total
2023
£
215,809
44,486
260,295
3,649
230,954
234,603
25,692
-
25,692
161,627
187,319		 Total
2022
£
224,937
40,371
265,308
12,510
167,046
179,556
85,752
-
85,752
75,875
161,627

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

POETSIN

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023

Prior financial year

Unrestricted
Designated
Restricted
funds
funds
funds
2022
2022
2022
Notes
£
£
£
Income from:
Donations and legacies
3
163,325
-
61,612
Charitable activities
4
40,371
-
-
Total income
203,696
-
61,612
Expenditure on:
Raising funds
5
12,510
-
-
Charitable activities
6
105,434
-
61,612
Total expenditure
117,944
-
61,612
Net incoming resources before transfers
85,752
-
-
Net income for the year/
Net movement in funds
85,752
-
-
Fund balances at 1 October 2021
65,875
10,000
-
Fund balances at 30 September 2022
151,627
10,000
-		 Total
2022
£
224,937
40,371
265,308
12,510
167,046
179,556
85,752
85,752
75,875
161,627

POETSIN BALANCE SHEET AS A T 30 SEPTEMBER 2023 2Q23 2022 Not Flx•d i¥¥¢ls TawiblÉ amots Cury•nt s¥•ts Debt￿8 Cbgh 41 bank aTrJ In 12 101.929 105.S78 58.3$3 1glJ.273 183.931 Cr•dllor¥- •Th￿￿￿ta lllln9 wlthln om y••r 13 12.9541 12.e021 Net oJrr•nt 8M•ts 187.319 181.329 Total •H•ts l•¥s ¢uff•nt IlblllU 187,319 161,627 In¢otM fvndi Rtsineied ￿fid nr 14 Designated funds G•nw•l unr•$thth•d knd• 1$ 10.DXI 48.877 175.￿• 18S.C¢• .6TT 187.31 161.627 Th• finanty•l 11oi•rrtrt•￿r• •pwv4•d ty th• Tnl8•• ￿. IL I*{z(& l Howbn Trust••

POETSIN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

Charity information

Poetsin is a charitable incorporation organisation which was registered with the Charity Commission on 20 September 2017.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to expenditure.

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

(Continued)

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
23,240
-
Grants receivable
100,000
92,569
123,240
92,569		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
23,240
15,303
-
192,569
148,022
61,612
215,809
163,325
61,612		 Total
2022
£
15,303
209,634
224,937

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

4 Charitable activities

2023 2020
£ £
Delivering workshops and group sessions 44,486 40,371

5 Raising funds

6 Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Other fundraising costs
3,649
12,510
3,649
12,510
Charitable activities
2023
2022
£
£
Staff costs
148,620
120,320
Depreciation and impairment
298
429
Creative design services
13,254
12,742
Project workers
30,765
9,180
192,937
142,671
Share of support costs (see note 7)
32,156
21,345
Share of governance costs (see note 7)
5,861
3,030
230,954
167,046
Analysis by fund
Unrestricted funds
138,385
105,434
Restricted funds
92,569
61,612
230,954
167,046		 Unrestricted Unrestricted
funds
funds
2023
2022
£
£
Fundraising and publicity
Other fundraising costs
3,649
12,510
3,649
12,510
Charitable activities
2023
2022
£
£
Staff costs
148,620
120,320
Depreciation and impairment
298
429
Creative design services
13,254
12,742
Project workers
30,765
9,180
192,937
142,671
Share of support costs (see note 7)
32,156
21,345
Share of governance costs (see note 7)
5,861
3,030
230,954
167,046
Analysis by fund
Unrestricted funds
138,385
105,434
Restricted funds
92,569
61,612
230,954
167,046
12,510
2022
£
120,320
429
12,742
9,180
142,671
21,345
3,030
167,046
105,434
61,612
167,046

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

7 Support costs

Advertising and
marketing
Bank charges
Insurance
Rent
Subscriptions
Payroll charges
Office administration
costs
Computer running costs
Travel
Sundry costs
Independent examination
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
9,763
-
-
-
1,069
-
432
-
9,311
-
889
-
4,982
-
3,789
-
1,850
-
71
-
-
1,890
-
3,971
32,156
5,861
32,156
5,861		 2023Support costs Governance
costs
£
£
£
9,763
9,308
-
-
12
-
1,069
1,094
-
432
432
-
9,311
3,305
-
889
648
-
4,982
1,624
-
3,789
2,300
-
1,850
722
-
71
1,900
-
1,890
-
1,830
3,971
-
1,200
38,017
21,345
3,030
38,017
21,345
3,030		 2022
£
9,308
12
1,094
432
3,305
648
1,624
2,300
722
1,900
1,830
1,200
24,375
24,375

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Other pension costs		 2023
Number
6
2023
£
144,968
3,652
148,620		 2022
Number
5
2022
£
117,557
2,763
120,320

There were no employees whose annual remuneration was more than £60,000.

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Tangible fixed assets

Tangible fixed assets
Cost
At 1 October 2022
At 30 September 2023
Depreciation and impairment
At 1 October 2022
Depreciation charged in the year
At 30 September 2023
Carrying amount
At 30 September 2022
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 Computers
£
1,299
1,299
1,001
298
1,299
298
2023
2022
£
£
865
2,664
101,064
102,914
101,929
105,578
2023
2022
£
£
1,034
772
1,920
1,830
2,954
2,602
1,299
1,001
298
1,299
298
2022
£
2,664
102,914
105,578
2022
£
772
1,830
2,602

12 Debtors

13 Creditors: amounts falling due within one year

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Incoming Resources Balance at Incoming Resources Transfers Balance at
resources expended
1		 October 2022 resources expended 30 September 2023
£ £ £ £ £ £ £
Bedfordshire and Luton Community Foundation 18,459 (18,459) - 34,928 (34,928) - -
Hertfordshire Community Fund - - - 9,920 (9,920) - -
NHS Central and North West London 8,258 (8,258) - - - - -
NHS BLMK 4,940 (4,940) - 7,731 (7,731) - -
The Lady Margaret Paterson Osbourne Trust (Welwyn) 29,955 (29,955) - - - 2,250 2,250
National Lottery - - - 9,990 (9,990) - -
Postcode Places Trust - - - 25,000 (25,000) - -
Wixam Tree - - - 5,000 (5,000) - -
61,612 (61,612) - 92,569 (92,569) 2,250 2,250

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

14 Restricted funds

(Continued)

The grant received from Bedfordshire and Luton Community Foundation is to provide mental health support in and around Luton only.

The grant received from Hertfordshire Community Fund is to provide mental health support in Hertfordshire.

The grant received from NHS Central and North West London is to provide suicide prevention support.

The grant received from NHS BLMK is to provide suicide prevention support within Milton Keynes and surrounding areas.

The grant received from The Lady Margaret Paterson Osbourne Trust (Welwyn) is to provide support for predominantly young people and 20% for older people in Welwyn Garden City and Hatfield.

The grant received from The National Lottery is a core cost to provide mental health support in Bedfordshire and Hertfordshire.

The grant received from Postcode Places Trust is a core cost to provide mental health support in Bedfordshire and Hertfordshire.

The grant received from Wixam Tree is a core cost to provide mental health support in a number of locations.

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

15 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming
Balance at		 Incoming Balance at
1 October 2021 resources 1 October 2022 resources 30 September 2023
£ £ £ £ £
Tech development 10,000 - 10,000 - 10,000
10,000 - 10,000 - 10,000

A designated fund exists for the future development of technology to further support the service users.

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

16
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
2023
2023
2023
£
£
£
Fund balances at 30 September 2023 are
represented by:
Tangible assets
-
-
-
Current assets/(liabilities)
175,069
10,000
2,250
175,069
10,000
2,250		 Total
Unrestricted
funds
Designated
funds
Restricted
funds
2023
2022
2022
2022
£
£
£
£
-
298
-
-
187,319
151,329
10,000
-
187,319
151,627
10,000
-		 Total
2022
£
298
161,329
161,627

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

17 Related party transactions

There were no disclosable related party transactions during the year.