DocuSign Envelope ID: DB5FCC46-A68C-43CE-94EC-5738E1C65488 ||||||||| |---|---|---|---|---|---|---|---| |**Trustees' Annual Report**|||||**for theperiod**||| |**From**|Period start date|||**To**|Period end date||| ||01|01|2022||
31|12|2022| ## Section A Reference and administration details ## **Charity name** GROWING RESILIENCE IN TEENS **Other names charity is known by** GRIT **Registered charity number (if any)** 1176272 **Charity's principal address** 18 Chiltern Road Hitchin **Postcode** SG4 9PJ ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Dr Louise Randall|Chairman||| ||Dr Claire Powell|CEO||| ||Robert Randall|Treasurer||| ||Dr Jan Reiser|||| ||Tom Gutteridge|||| ||HarryWoods|||| ||HarryHarvey|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** 1 DocuSign Envelope ID: DB5FCC46-A68C-43CE-94EC-5738E1C65488 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Constitution - (eg. trust deed, constitution) How the charity is constituted Trust - (eg. trust, association, company) Trustee selection methods Appointed by Trustees - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; The charity is run and managed by trustees at present. All major decisions are discussed and decided upon at the quarterly trustee meeting. All trustees are required to read the handbook and all associated polices. The charity has a strict safeguarding protocol with a safeguarding lead doctor. All employees/associates who have contact with the beneficiaries are required to have a full DBS check and safeguarding training. Policies and procedures required are prepared, reviewed and agreed by the Trustees to an agreed timetable. - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** To preserve and protect the good mental health of young people by the provision of appropriate activities designed to help them build resilience to effectively manage pressures they face, promoting healthy coping strategies to replace current self destructive behaviour. **Summary of the objects of the charity set out in its Our Vision governing document** To create a society where young people thrive, overcome challenges and lead fulfilling lives supported by a strong sense of self identity and resilience. **TAR** 2 DocuSign Envelope ID: DB5FCC46-A68C-43CE-94EC-5738E1C65488 ## **Our Goal** To become the UK’s leading charity building resilience in teens. 1. Weekly non contact boxing – coaching to provide a vent for frustration and anger. A space to connect the body and mind. 2. Holiday workshops to provide an opportunity to bridge the gap between term-time and provide continuing support for young people. 3. Psychological coaching. Enabling the beneficiary to gain insight into themselves and help them to strengthen the relationship with themselves and others around them. 4. Volunteers for fund raising. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** ## **Additional details of objectives and activities (Optional information)** **TAR** 3 DocuSign Envelope ID: DB5FCC46-A68C-43CE-94EC-5738E1C65488 You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance **TAR** 4 DocuSign Envelope ID: DB5FCC46-A68C-43CE-94EC-5738E1C65488 Section D Achievements and erformance p GRIT is dedicated to supporting teenagers’ mental health in North **Summary of the main** Hertfordshire through group boxing programmes, workshops and 1:1 **achievements of the charity** coaching. At the core of our work to support young people is a unique **during the year** process, the _‘Four Corners Method’_ which utilises the power of noncontact boxing, boxing metaphors and coaching concepts to empower young people to develop their own identity, from which comes selfesteem, resilience, and the ability to use adversity as a platform for growth. We aim to provide a safe and supportive environment to empower young people to take full responsibility for their lives and the lives they want to lead, through our coaching methodology blended with physical activity. With this approach we aim to create resilience, self-confidence, and emotional wellbeing among teenagers. GRIT aims to make a lasting impact on the mental health and wellbeing of teenagers and support them to navigate the challenges of adolescence, build a strong foundation for adulthood and lead fulfilling lives that are true to their authentic selves. A downturn in the UK economy and wider world events such as the Covid pandemic, means there are now more young people than ever who require access to mental health support services. GRIT is experiencing an unprecedented increase in referrals and enquiries, and it is imperative that we continue to deliver early intervention and prevention programmes to support young people, thereby leading to healthier and more productive communities. Our social media presence has increased with 652 Facebook followers and 804 Instagram followers, regular posts providing updates on our work and how young people can get involved are an effective way of reaching many of our target audiences. We have updated our website and send out regular newsletters. **NHS Partnership** Since the end of 2021 GRIT has been working in partnership with the NHS and is currently hosting two adolescent Health and Wellbeing coaches who are overseen by Dr Louise Randall. Health coaching is a relatively new addition to NHS services designed to empower patients with their own health and wellbeing. There are many resources out there that support people, but it can be difficult to know what is available. Our adolescent coaches work with the young person to achieve goals they have set and help identify any resources that may support them in doing so, creating an individualised plan that supports the young person in their desired goal whether that be to learn social skills, to feel less anxious, to stop self harming or gain self confidence. It is important to note that this is considered an early intervention strategy and the coaches are not there to diagnose or treat more severe mental health conditions. The two coaches were employed in December 2021. **TAR** 5 DocuSign Envelope ID: DB5FCC46-A68C-43CE-94EC-5738E1C65488 ## **Section E Financial review** **Reserves policy Brief statement of the** GRIT will establish reserves in accordance with national statutory and **charity’s policy on reserves** legal requirements and the principles contained in this policy. Reserves are defined as that portion of unrestricted funds that have not been designated for a specific purpose by the trustees. Reserves are established to ensure that GRIT is: • able to meet its financial commitments and obligations as they fall due (i.e., fund working capital), • able to fund unexpected expenditure until adjustments can be made, for example when unplanned events or shocks occur, and • resilient to uncertainty over future income. The level of reserves is set at an amount sufficient to cover unfunded expenditure from unrestricted funds for a period of 6 months in the event of a 50% fall in unrestricted income. This is set at £20,000. Reserves will only be depleted to a level below that with the approval of the Board of Trustees and, in such an instance, GRIT will seek to replenish the reserves to the minimum level as quickly as is feasible following any approved depletion below the minimum level. **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** Our principal source of funds over the past year include; You **may choose** to include Fundraising additional information, where Private donations relevant about: Grants - the charity’s principal sources of funds (including EXPENDITURE: any fundraising); Moneys paid out for the activities of the young people - • Any expenses of the trustees. - how expenditure has All funds are held in a business account with Lloyds bank. - supported the key objectives We also pay for 15 hours a week for an administrator to help with the day - of the charity; to day running of the charity. - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **TAR** 6 DocuSign Envelope ID: DB5FCC46-A68C-43CE-94EC-5738E1C65488 ## **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Dr Louise Randall **Position (eg Secretary, Chair,** Trustee/Founder **etc) Date** 10/24/2023 **TAR** 7 DocuSign Envelope ID: 3FF6E0BA-6FDA-4413-B453-7296625E180A |**Growing Resilience in Teens**||**No (if any)**||| |---|---|---|---|---| |**Receipts andpayments accounts**||||**CC16a**| |1/1/2022
**For the period**
**from**|**To**|12/31/2022||| |**Section A Receipts and payments**|**Section A Receipts and payments**|**Section A Receipts and payments**|||||||| |---|---|---|---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
384.00
£
3,290.34
£
8,984.85
£
125.00
£
-
2.95
£
-
-
88.00
£
**£ 12,875**
**-**
**-**
**-**
**£ 12,875**||**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
112,064.00
£
**-**
2,997.00
£
11,250.00
£
**-**
**126,311**
**-**
**-**
**-**
**£ 126,311**||**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**£ -**||**Total funds**
**to the nearest £**
**£ 384.00**
**£ 3,290.34**
**£ 8,984.85**
**£ 125.00**
**£ 112,064.00**
**£ 2.95**
**£ 2,997.00**
**£ 11,250.00**
**£ 88.00**
**£ 139,186.14**
**-**
**-**
**-**||**Last year**
**to the nearest £**| |Admin|384.00
£||||||||**£-**| |Donations|3,290.34
£||||||||**£ 12,405.00**| |Fundraising|8,984.85
£||||||||**£-**| |Gloves sales|125.00
£||||||||-
£| |Grants|-||||||||**£ 23,314.00**| |Materials|2.95
£||||||||-
£| |NHS coaches salary|-||||||||**£-**| |NHS coaches set-up|-||||||||**£-**| |Trainingrefund|88.00
£||||||||**£-**| |**_Sub total_**_(Gross income for AR)_|**£ 12,875**||||||||**£ 35,719.00**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||||||||| ||**-**||||||||**-**| |**_Sub total_**|**-**||||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||||| ||||||||**£ 139,186**||**35,719**| ||||||||||| |Admin|267.98
£||£ 9,400||£-||£ 9,667.98||**9,400.00**| |Boxer|4,467.00
£||£ -||£ -||£ 4,467.00||**-**| |Boxer sponsorship|750.00
£||£ -||£ -||£ 750.00||**-**| |Coaching|120.12
£||£ 13,762||£ -||£ 13,882.12||**8,047.00**| |Equipment|3,421.94
£||£ -||£ -||£ 3,421.94||**912.00**| |Filming|2,225.00
£||£ -||£ -||£ 2,225.00||**-**| |Fundraising|216.00
£||£ -||£ -||£ 216.00||**-**| |Grant consultant|6,100.00
£||£ -||£ -||£ 6,100.00||**-**| |Marketing|2,604.27
£||£ -||£ -||£ 2,604.27||**1,100.00**| |Rent|6,000.00
£||£ -||£ -||£ 6,000.00||**6,000.00**| |Runningtheprogramme|-
£||£ -||£ -||£||**7,914.00**| |Staff expenses|97.00
£||£ -||£ -||£ 97.00||**-**| |Training|9,743.10
£||£ -||£ -||£ 9,743.10||**697.00**| |Workshoprefund|10.00
£||£ -||£ -||£ 10.00||**-**| |**_Sub total_ **|**£ 36,022**||**£ 23,162**||**£ -**||**£ 59,184.41**||**£ 34,070.00**| |**A4 Asset and investment**
**purchases, (see table)**|||**-**
**-**
**-**
**£ 23,162.00**|**-**
**-**
**-**
**£ 23,162.00**|**-**
**-**
**-**
**£ -**|**-**
**-**
**-**
**£ -**|**-**
**-**
**-**
**£ 59,184.41**
**£ 80,001.73**|**-**
**-**
**-**
**£ 59,184.41**
**£ 80,001.73**|| |---|---|---|---|---|---|---|---|---|---| ||**-**||||||||| ||**-**||||||||| |**_Sub total_ **|**-**||||||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||||| ||||||||||**£ 34,070.00**| ||||||||||| ||**-£ 23,147.27**||**£ 103,149.00**||**£ -**||**£ 80,001.73**||**£ 1,649.00**| ||**£ -**||**£ -**||**£ -**||**£ -**||**£ -**| ||||||**£ -**||**£ -**||**£ -**| ||**-£ 23,147.27**||**£ 103,149.00**||**£ -**||**£ 80,001.73**||**£ 1,649.00**| CCXX R1 accounts (SS) 10/24/2023 1 DocuSign Envelope ID: 3FF6E0BA-6FDA-4413-B453-7296625E180A ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**
**B2 Other monetary assets**
**B1 Cash funds**|**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**|**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**|**Unrestricted**
**funds**
**to nearest £**|**Unrestricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Restricted**
**funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**| |---|---|---|---|---|---|---|---| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**- 23,147**||**103,149**||**-**| ||||||||OK| ||||||||**Endowment**
**funds**
**to nearest £**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||**Details**
**Details**||**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**||**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**||**Current value**
**(optional)**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**Current value**
**(optional)**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||**Details**||**Fund to which**
**liability relates**||**Amount due**
**(optional)**||**When due**
**(optional)**| ||||||**-**||| ||||||**-**||| ||||||**-**||| ||||||**-**||| ||Signature||Print Name
Dr Louise Randall||||| ||||||||Date of
approval
10/25/2023| ||||||||| ||||||||| CCXX R2 accounts (SS) 10/24/2023 2 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **REGISTERED CHARITY NUMBER: 1176272** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **FOR** ## **GROWING RESILENCE IN TEENS** Menzies LLP Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** **----- Start of picture text -----**
Page
Reference and administrative details 1
Report of the trustees 2 to 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 to 10
**----- End of picture text -----**
DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2022** **----- Start of picture text -----**
Trustees Dr C Powell
Dr L Randall
J Randall
Dr J Reiser
T Gutteridge
H Harvey-Ferris
Principal address 18 Chiltern Road
Hitchin
SG4 9PJ
Registered charity number 1176272
Independent examiner Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
**----- End of picture text -----**
Page 1 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of 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** ## **Objectives and aims** Growing Resilience in Teens (GRIT) aims to preserve and protect the good mental health of young people aged 14-18 by the provision of appropriate activities designed to help them build resilience to effectively manage pressures they face, promoting healthy coping strategies to replace current self-destructive behaviour. ## **Public benefit** The trustees have complied with the duty in section 4 of the Charities Act 2011 and have regard to the public benefit guidance as issued by the Charity Commission as shown in the objectives above. We have referred to the guidance on public benefit when reviewing our aims and objectives and in planning our future activities in particular, the Trustees consider how planned activities will contribute to the aims and objectives that they have set. This public benefit statement forms the basis for all judgements regarding operational reports to the Board meetings, in order to be reassured that the facilities and services currently managed by the charity continue to meet these criteria. At these meeting, the Financial Controller also presents the quarterly financial position including taking account of any restricted funds and the Charity's status as a going concern. ## **Achievement and performance** ## **Charitable activities** During the year, the charity has successfully carried out charitable activities to continue to fulfil its objectives and aims. ## **Financial review** ## **Financial position** Our total income for the period ended 31st December 2022 was £139,186 together with expenditure of £59,184. A surplus was made in the year of £80,002. Page 2 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Financial review** ## **Reserves policy** GRIT will establish reserves in accordance with national statutory and legal requirements and the principles contained in this policy. Reserves are defined as that portion of unrestricted funds that have not been designated for a specific purpose by the trustees. Reserves are established to ensure that GRIT is: - - able to meet its financial commitments and obligations as they fall due (i.e. fund working capital) - able to fund unexpected expenditure until adjustments can be made, for example when unplanned events or - shocks occur - resilient to uncertainty over future income The level of reserves is set at an amount sufficient to cover unfunded expenditure from unrestricted funds for a period of 6 months in the event of a 50% fall in unrestricted income. This is set at £20,000. Reserves will only be depleted to a level below that with the approval of the Board of Trustees and, in such an instance, GRIT will seek to replenish the reserves to the minimum level as quickly as is feasible following any approved depletion below the minimum level. ## **Structure, governance and management** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes a charitable incorporated organisation. ## **Recruitment and appointment of new trustees** New trustees are nominated by members of the board of trustees, interviewed by a panel of trustees and appointed where they have the necessary skills to contribute to the charity's managements and development. ## 13-Sep-2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ....................................................................... Dr L Randall - Trustee Page 3 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GROWING RESILENCE IN TEENS** ## **Independent examiner's report to the trustees of Growing Resilence In Teens** I report to the charity trustees on my examination of the accounts of Growing Resilence In Teens (the Trust) for the year ended 31st December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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 accounts to be reached. S L Cuzner Menzies LLP Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP 13-Sep-2023 Date: ............................................. Page 4 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**12,875**
**EXPENDITURE ON**
**Charitable activities**
Charitable expenditure
**36,022**
**NET INCOME/(EXPENDITURE)**
**(23,147)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**26,004**
**TOTAL FUNDS CARRIED FORWARD**
**2,857**|Restricted
fund
£
**126,311**
**23,162**
**103,149**
**-**
**103,149**|**2022**
**Total**
**funds**
**£**
**139,186**
**59,184**
**80,002**
**26,004**
**106,006**|2021
Total
funds
£
35,719
34,070
1,649
24,355
26,004| |---|---|---|---| The notes form part of these financial statements Page 5 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF ## **GROWING RESILENCE IN TEENS** ## **BALANCE SHEET 31ST DECEMBER 2022** |Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
4
**6,000**
Cash at bank
**-**
**6,000**
**NET CURRENT ASSETS/(LIABILITIES)**
**6,000**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**6,000**
**NET ASSETS**
**6,000**
**FUNDS**
5
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
**-**
**93,906**
**93,906**
**93,906**
**93,906**
**93,906**|**2022**
**Total**
**funds**
**£**
**6,000**
**93,906**
**99,906**
**99,906**
**99,906**
**99,906**
**(3,243)**
**103,149**
**99,906**|2021
Total
funds
£
9,021
16,983
26,004
26,004
26,004
26,004
26,004
-
26,004| |---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 13-Sep-2023 ............................................. L Randall - Trustee The notes form part of these financial statements Page 6 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 7 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021. ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ## **4.** |Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,405
23,314
**EXPENDITURE ON**
**Charitable activities**
Charitable expenditure
10,756
23,314
**NET INCOME**
1,649
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
24,355
-
**TOTAL FUNDS CARRIED FORWARD**
26,004
-
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Prepayments and accrued income
**6,000**|Total
funds
£
35,719
34,070
1,649
24,355
26,004
2021
£
9,021| |---|---| Page 8 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **5. MOVEMENT IN FUNDS** |**Unrestricted funds**
General unrestricted
**Restricted funds**
General restricted
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General unrestricted
**Restricted funds**
General restricted
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General unrestricted
**TOTAL FUNDS**|At 1.1.22
£
**26,004**
**-**
**26,004**
Incoming
resources
£
**12,875**
**126,311**
**139,186**
At 1.1.21
£
24,355
24,355|Net
movement
At
in funds
31.12.22
£
£
**(29,247)**
**(3,243)**
**103,149**
**103,149**
**73,902**
**99,906**
Resources
Movement
expended
in funds
£
£
**(42,122)**
**(29,247)**
**(23,162)**
**103,149**
**(65,284)**
**73,902**
Net
movement
At
in funds
31.12.21
£
£
1,649
26,004
1,649
26,004| |---|---|---| Page 9 DocuSign Envelope ID: 10437202-7369-484F-A10B-FE0F03559AFF **GROWING RESILENCE IN TEENS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **5. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General unrestricted
**Restricted funds**
General restricted|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
12,405
(10,756)
1,649
23,314
(23,314)
-| |---|---| |**TOTAL FUNDS**|35,719
(34,070)
1,649| ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2022 (2021 - none). Page 10