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← Poetsin

2024-09-30-accounts

Creative Mental Health Charity poersin.com End of¥ear:4,

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The Next Year in Focus ~~a ae~~ The Client Voice

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Since inception, PoetsIN has been dedicated in providing mental health support to those in need. Utilising its award-winning 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 6500

people across the UK , providing vital support to adults, children, and young people. Over the last 8 months alone, we have seen an incredible increase in referrals to our service. There has been a 220% increase in referrals for adults and a 673% increase in children and young people referrals , highlighting the critical need for mental health support across all age ranges. Waitlists for NHS support for adults, children and young people continue to increase; with many children and young people not meeting criteria that has been put in place due to chronic underfunding of statutory services.

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 6000 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 .

While 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 give everyone 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.

Copyright ©2024 PoetsIN. All rights reserved. Registered Charity 1174754

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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 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, but we have also 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 Aa and their experiences of it.

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.

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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.

~~Equal access and opportunity~~

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Priority 1 Priority 1
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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.

~~Quick access to support~~

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

~~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.

~~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.

7S Copyright ©2024 PoetsIN. All rights reserved. 2

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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~~

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.

~~Safeguarding~~

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.

~~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.

~~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 highrisk categories. We further specialise in MAPPA clients and working within a multidisciplinary 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.

~~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.

~~Welfare to work – Employability~~

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.

~~Corporate mental health and wellbeing~~

We provide extensive bespoke packages to assist wellbeing within the workplace, including wellbeing audits, listening services, one-off mental health centred topical sessions, consulting, training and more.

Copyright ©2024 PoetsIN. All rights reserved. Registered Charity 1174754

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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.

Our KPI Goals

% of the time

Referrals to be acknowledged within 24 business hours.

Triage to be arranged within 48 business hours of initial referral

Clients who disengage to be contacted 3 times to explore ways to support reengagement. Contact must begin 1 day after disengagement.

All clients completing our programme services to have a Wellbeing Report.

All records to be kept up-to-date with clear and concise 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 participation.

All clients to receive feedback forms at the end of their programme sessions to give us vital feedback on our service and how we can improve.

All clients must have a session booked to start within one month of referral.

Those who have a session booked within a month but longer than two weeks to have weekly wellbeing calls until session start.

All clients who miss a session are given the opportunity to catch up with the session content.

All clients to have their WEMWBS and impact assessment captured and documented before and after session.

Client feedback rates their experience as positive.

Client feedback rates our service at good or excellent.

Digitally excluded clients are given alternative provision to join.

Clients are either signposted or referred to other support services should this need be identified (housing support, debt support etc).

Service goals are a great way to measure our impact.

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100%
100%
100%
100%
100%
100%
100%
98%
100%
100%
98%
100% | -
100%
—_ f
100%
100%
— <
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Our service goals outlined here set the standard to allow or support

provisions to provide maximum impact for our clients.

Copyright ©2024 PoetsIN. All rights reserved. Registered Charity 1174754

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Our direct impact within our support programmes is outlined below:

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89%
feel less depressed as a feel less isolated as a
result of being a client result of being client
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feel more understood as feel more confident as a
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a result of being client result of being a client
98.2% 90%
feel happier as a result feel more included as a
of being a client result of being client
99%
88% 99%
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98%

feel less anxious as a result of being a client

94%

feel reassured and supported as a result of being a client

100% 98.2% 90% feel more inspired as a feel happier as a result feel more included as a result of being a client of being a client result of being client 96% 89% 100% feel in control of coping feel encouraged by said that PoetsIN is strategies as a result PoetsIN to partake valuable to them of being a client in self-care () 100 ~~% of clients rate their experience as positive and rate our service as good or excellent.~~

Copyright ©2024 PoetsIN. All rights reserved. Registered Charity 1174754

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Looking back at the past 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.

Delivering our services to other third-sector organisations:

Receiving referrals from our colleagues across statutory agencies, helping lighten their load and provide our insight and expertise:

~~• NHS IAPT referrals~~

~~• Delivering a workshop to psychiatrists for the Hackney Psychiatrists away day~~

Copyright ©2024 PoetsIN. All rights reserved. Registered Charity 1174754

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~~Looking forward over the next 12 months.~~

~~We have many goals for the next year and below are the three main continuedfocuses for the charity which have been identifed based on yy~~ 7 ~~need and demand.~~

~~Children and Young People~~

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.

~~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.

‘V

~~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 ill-health within the workplace and increase mental health awareness.

Copyright ©2024 PoetsIN. All rights reserved. Registered Charity 1174754 —-" L caboliees

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In the next year, we aim to:

~~• To identify new funding sources to allow us to continue our work within schools and with children and young people, with the 673% referral increase in mind. • To develop a new programme that looks os~~ ~~specifcally at emotional regulation. • To continue to share our voice on matters that _~~ ~~affect the mental health and wellbeing of all. • To advocate within communities for equality and equity surrounding mental health support. —~~ ~~• To grow our team in order to provide more support across the country. ee~~ ~~• To continue to achieve our KPI’s and service lead targets. — | enna~~ ~~• To provide virtual drop-in mental health sessions. |~~ * ~~7~~ Vs

Copyright ©2024 PoetsIN. All rights reserved.

Registered Charity 1174754

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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!

PoetsIN came to our school and delivered a whole week of

interested.

- Kempston Academy

~~Just wanted to tell you that the PoetsIn session was amazing. Very useful as it introduced practical techniques to help organise feelings, reduce overwhelm and calm down. Some really good takeaways for individuals and also for managers to help their team members.~~

- University of Hertfordshire

~~As a mental health professional, I have been impressed with many aspects of this charity; it’s impressive treatment outcomes, it’s dedication to a personal and meaningful approach to its members needs and its uniquely transparent and genuine relationship with mental health. In contrast to many other organisations, the leadership team in PoetsIN practice what they preach because they understand, as well as any other individual, what it means to survive and thrive with a mental illness. There is a spirit of shared openness and acceptance that brings to the forefront a passionate and realistic fght against the stigma and secrecy of living with mental illness. I applaud the co-founders and the whole PoetsIN team for their vision and professionalism in tackling the highly challenging role mental health plays in the everyday lives of many, and their caring regard for every single member of its inclusive community.~~

- Community Member

~~This workshop should be something everyone provides for their teams. It~~ ’ ~~s such a powerful use of an hour that I know will have a lasting impact on the mental health of the team. It~~ ’ ~~s very fun, engaging, creative, and thoughtprovoking. Today I felt incredibly proud to know PoetsIN and of my team for their boundless creativity and candour.~~

I just felt I needed to say how much I appreciated the energy

very together.

- Programme Client

- Corporate one-off session

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I would like to say that those ‘a assemblies were really good, I think that if I was in one of those situations, I would definitely go : to PoetsIN. 10/10!

- Kempston Academy Student

~~:~~

~~PoetsIN is the only sense of normality in my life. It~~ ’ ~~s made me accept who I am and realise my problems weren~~ ’ ~~t problems that were unfxable.~~

- Young Person

~~I’ve had many sessions of counselling and been on a few stress and mindfulness courses, but this one really connected with me, and I felt it was by far the most benefcial to me. Thank you. Everyone was lovely and I would highly recommend this to anyone who is struggling. Was a hugely positive experience from start to fnish. The communication was frst class, even got a reminder phone call when I forgot a session. Everyone was very compassionate, and I felt extremely comfortable dealing with everyone involved. Helen was amazing, wish I could have a Helen in my pocket 24/7 for advice and guidance. I normally hate video conference calls, but I was made to feel very welcome, and I felt a connection to everyone that took part so thank you.~~

- Programme Client

~~PoetsIN is a absolute life saver. I was contemplating suicide before meeting Paul and using his coping mechanisms. After my sessions I am a hell of a lot more confdent and just more happy in general.~~ - Young Person > oo” 4

Charity registration number 1174754

POETSIN

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 2024

The trustees present their annual report and financial statements for the year ended 30 September 2024.

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.

At the year end unrestricted funds, excluding designated funds were £97,009 which is equivalent to 4.8 month's expenditure.

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

POETSIN

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

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.

Public benefit statement

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

The board of trustees (also known as the Charity Directors), administer the charity. The board meets quarterly to discuss performance, development, finance, policy, and impact. A CEO and COO are appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the CEO and COO have delegated authority, within terms of delegation approved by the trustees, for operational matters including recruitment, employee and volunteer management, developing services, and interagency relationships. The scope of delegation approved by the trustees may change from time to time where it benefits the interests of the charity and its service users.

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

POETSIN

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

The trustees' report was approved by the Board of Trustees.

I Hawtin Trustee

25 March 2025

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 2024.

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

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.

Mark Jackson FCA DChA

Westpoint Lynch Wood Peterborough Cambridgeshire PE2 6FZ United Kingdom

Dated: 28 March 2025

POETSIN

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024

Current financial year
Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
150,026
24,504
Charitable activities
4
34,519
-
Total income
184,545
24,504
Expenditure on:
Raising funds
5
28,251
-
Charitable activities
6
235,854
26,754
Total expenditure
264,105
26,754
Net (expenditure)/income for the year/
Net movement in funds
(79,560)
(2,250)
Fund balances at 1 October 2023
185,069
2,250
Fund balances at 30 September 2024
105,509
-		 Total
2024
£
174,530
34,519
209,049
28,251
262,608
290,859
(81,810)
187,319
105,509		 Total
2023
£
215,809
44,485
260,294
3,649
230,953
234,602
25,692
161,627
187,319

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 2024

Prior financial year

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
123,240
92,569
Charitable activities
4
44,485
-
Total income
167,725
92,569
Expenditure on:
Raising funds
5
3,649
-
Charitable activities
6
138,384
92,569
Total expenditure
142,033
92,569
Gross transfers between funds
(2,250)
2,250
Net (expenditure)/income for the year/
Net movement in funds
23,442
2,250
Fund balances at 1 October 2022
161,627
-
Fund balances at 30 September 2023
185,069
2,250		 Total
2023
£
215,809
44,485
260,294
3,649
230,953
234,602
-
25,692
161,627
187,319

POETSIN

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 11 1,642 -
Current assets
Debtors 12 105,155 101,929
Cash at bank and in hand 10,502 88,344
115,657 190,273
Creditors: amounts falling due within
one year 13 (11,790) (2,954)
Net current assets 103,867 187,319
Total assets less current liabilities 105,509 187,319
Income funds
Restricted funds 14 - 2,250
Unrestricted funds
Designated funds 15 8,500 10,000
General unrestricted funds 97,009 175,069
105,509 185,069
105,509 187,319

The financial statements were approved by the Trustees on 25 March 2025

I Hawtin Trustee

POETSIN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 2024

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 2024

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.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
50,026
-
Grants receivable
100,000
24,504
150,026
24,504		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
50,026
23,240
-
124,504
100,000
92,569
174,530
123,240
92,569		 Total
2023
£
23,240
192,569
215,809

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

4 Charitable activities

2024 2023
£ £
Delivering workshops and group sessions 34,519 44,485

5 Raising funds

6 Unrestricted Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
28,251
3,649
28,251
3,649
Charitable activities
2024
2023
£
£
Staff costs
183,684
148,619
Depreciation and impairment
305
298
Creative design services
15,459
13,254
Project workers
27,566
30,765
227,014
192,936
Share of support costs (see note 7)
27,505
32,156
Share of governance costs (see note 7)
8,089
5,861
262,608
230,953
Analysis by fund
Unrestricted funds
235,854
138,384
Restricted funds
26,754
92,569
262,608
230,953		 Unrestricted Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
28,251
3,649
28,251
3,649
Charitable activities
2024
2023
£
£
Staff costs
183,684
148,619
Depreciation and impairment
305
298
Creative design services
15,459
13,254
Project workers
27,566
30,765
227,014
192,936
Share of support costs (see note 7)
27,505
32,156
Share of governance costs (see note 7)
8,089
5,861
262,608
230,953
Analysis by fund
Unrestricted funds
235,854
138,384
Restricted funds
26,754
92,569
262,608
230,953
3,649
2023
£
148,619
298
13,254
30,765
192,936
32,156
5,861
230,953
138,384
92,569
230,953

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

7 Support costs

Advertising and
marketing
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
£
£
8,621
-
969
-
432
-
5,580
-
1,007
-
2,721
-
5,197
-
2,478
-
500
-
-
2,184
-
5,905
27,505
8,089
27,505
8,089		 2024Support costs Governance
costs
£
£
£
8,621
9,763
-
969
1,069
-
432
432
-
5,580
9,311
-
1,007
889
-
2,721
4,982
-
5,197
3,789
-
2,478
1,850
-
500
71
-
2,184
-
1,890
5,905
-
3,971
35,594
32,156
5,861
35,594
32,156
5,861		 2023
£
9,763
1,069
432
9,311
889
4,982
3,789
1,850
71
1,890
3,971
38,017
38,017

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
Social security costs
Other pension costs		 2024
Number
6
2024
£
168,253
10,387
5,044
183,684		 2023
Number
6
2023
£
137,806
7,161
3,652
148,619

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

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

POETSIN

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

Cost
At 1 October 2023
Additions
At 30 September 2024
Depreciation and impairment
At 1 October 2023
Depreciation charged in the year
At 30 September 2024
Carrying amount
At 30 September 2024
12
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Other creditors
Accruals and deferred income		 Computers
£
1,299
1,947
3,246
1,299
305
1,604
1,642
2024
2023
£
£
2,778
865
102,377
101,064
105,155
101,929
2024
2023
£
£
9,774
1,034
2,016
1,920
11,790
2,954		 Computers
£
1,299
1,947
3,246
1,299
305
1,604
1,642
2024
2023
£
£
2,778
865
102,377
101,064
105,155
101,929
2024
2023
£
£
9,774
1,034
2,016
1,920
11,790
2,954
3,246
1,299
305
1,604
1,642
2023
£
865
101,064
101,929
2023
£
1,034
1,920
2,954

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 Transfers Balance at Incoming Resources Balance at
resources expended 1 October 2023 resources expended 30 September
2024
£ £ £ £ £ £ £
Bedfordshire
and Luton
Community
Foundation 34,928 (34,928) - - 7,904 (7,904) -
Hertfordshire
Community
Fund 9,920 (9,920) - - - - -
NHS BLMK 7,731 (7,731) - - - - -
The Lady
Margaret
Paterson
Osbourne
Trust
(Welwyn) - - 2,250 2,250 - (2,250) -
National
Lottery 9,990 (9,990) - - - - -
Postcode
Places Trust 25,000 (25,000) - - - - -
Wixam Tree 5,000 (5,000) - - - - -
North
Hertfordshire
District
Council - - - - 16,600 (16,600) -
92,569 (92,569) 2,250 2,250 24,504 (26,754) -

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

14 Restricted funds

(Continued)

The grant received from Bedfordshire and Luton Community Foundation is to provide mental health support for young people aged 16-25 years 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 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.

The grant received from North Hertfordshire District Council is to widen our provision for children and young people throughout North Hertforshire.

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
Balance at Incoming Balance at Resources Balance at
1 October 2022 resources 1 October 2023 expended 30 September
2024
£ £ £ £ £
Tech development 10,000 - 10,000 (1,500) 8,500
10,000 - 10,000 (1,500) 8,500
A designated fund exists for the future development of technology to further support the service users.
Analysis of net assets between funds
Unrestricted Restricted **Total ** Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fund balances at 30
September 2024 are
represented by:
Tangible assets 1,642 - 1,642 - - -
Current assets/(liabilities) 103,867 - 103,867 175,069 2,250 187,319
105,509 - 105,509 175,069 2,250 187,319

16 Analysis of net assets between funds

POETSIN

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

17 Related party transactions

There were no disclosable related party transactions during the year.

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