## **The Wolfpack Project** (Registered charity, number 1184390) **Financial statements for the year ended 31 July 2021** |**Page**|**Contents**|| |---|---|---| |2 - 5|nnual report|| |6|Independent e|report| |7|Receipts & payments account|| |8|Statement of assets & liabilities|| |9 - 10|Notes to the accounts|| ## **The Wolfpack Project annual report for the year ended 31 July 2021** **Full name** The Wolfpack Project **Organisation type** Charitable incorporated organisation ## **Registered charity number** 1184390 ## **Principal address** Sherwood Business Centre 616A-618A Mansfield Road Nottingham NG5 2GA ## **Trustees** Paul Anthony Rowland, Chair Damien Stephen Reynolds Michael Craig Brooksbank Phillip Thomas Reynolds, until 26/02/2021 Andrea Donovan, until 07/09/2021 Elliott Albert Lancaster Robert Allen Gareth David Duffield Joe Foster, from 15/03/2021 ## **Independent examiner** , employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL ## **Governance and management** The charity is operated under the rules of its CIO Foundation constitution adopted 12[th] July 2019. Trustees are recruited via adverts placed on LinkedIn and Reach Volunteering, whereby they must submit a CV and covering letter in order to apply to become a Trustee with The Wolfpack Project. Thereafter, shortlisted candidates are interviewed by the Founder/CEO along with the Chair of Trustees (or another Trustee, where required). After an initial interview, candidates are invited to observe a Trustee meeting, after this point a discussion takes place with all current Trustees to decide upon the applicant and whether they are successful. A vote amongst the current Trustees takes place, where a majority vote is required in order for the applicant to be successful in joining the Board of Trustees. The successful candidate is thereafter invited to take on the role of Trustee of The Wolfpack Project. Once the successful candidate accepts the role of Trustee, they are then taken through a full induction and training process, and also invited to shadow an existing Trustee. ## **Objectives and activities** The charitable purposes of the charity are the advancement of health and the relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, especially those in need or at risk because of loneliness and social isolation by such charitable means the trustees think fit. 2 ## **The Wolfpack Project** Our Vision is: Connect and empower young people and adults; combatting isolation, loneliness and building resilience. Our Mission: Collaborating with partners and engaging people with direct experience of loneliness; we will provide a network of projects where individuals can access support, build resilience, establish new friendships and form a wider support network. Our objectives come in the form of four pillars: Awareness: Raise awareness of loneliness and the substantial damage it poses to young adults; breaking down the stigma and providing an open forum, whereby anyone affected can recognise those feelings in themselves - as well as in their friends and family - at those early stages. Prevention: Provide young adults with the means in which to prevent them from experiencing loneliness; promoting positive mental health resources, increased social connectivity & access to wellbeing tools. Support: Support young adults who are experiencing loneliness as a result of isolation or poor mental health; providing them with access to one-to-one & group support, as well as a series of initiatives designed to help them increase their social contact and make friends. Resilience: To equip young adults with the tools in which to recognise isolation and future feelings of loneliness, and to build the resilience in which to combat through self-care measures, or in accessing additional support. **Summary of the main activities undertaken for the public benefit** The Wolfpack Project provides one-to-one and group support to of younger people (16-35) at risk of loneliness, isolation and poor mental health. Monthly social events are also provided, such as cinema trips, board games groups and coffee mornings, which are designed to connect younger people with their peers, enable them to meet connections and make new friendships, and access mental health support to build resilience and increase confidence. Delivered by Mental Health First Aid-accredited volunteers and support staff who possess enhanced DBS certification and a lived- experience of loneliness, one-toone and group support sessions create a safe, inclusive and non-judgmental space for young adults to drop in for an informal chat and a cup of tea. Fully trained-volunteers and support staff leading the sessions unlock the power of conversation; allowing young adults to discuss their concerns and anxieties in private, and receive the support they need to make their own choices. 3 ## **The Wolfpack Project** The Wolfpack Project takes a peer-led approach to support young adults; regularly working with a wide range of other local and national organisations, who may be able to offer the counselling service, medical advice or helpline, that we may otherwise be best placed collaborating with. In 2020/2021, 750+ younger people gained access to either one-to-one or groupbased support. As a result of this, 87% felt The Wolfpack Project helped them feel less lonely, isolated and improved their mental health, whilst 100% felt they were more likely to make friends. ## **Public benefit statement** The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'. ## **Summary of the main achievements during the period** Our Impact in 2020/2021: **750+** Gained Access to One-to-One & Group Support; **4,250+** Attended Events & Meet-ups; **350+** Received hand-delivered Wellbeing Wolf-Packs; **5,000+** Follow and engage with The Wolfpack Project via social media, online communities & through email marketing; **87%** Of which felt The Wolfpack Project helped them feel less lonely, isolated and improved their mental health; **100%** Felt they were more likely to make friends. ## **Financial review** Cash at bank £42,902 (EOY 19/20: £26,393). Income received £53,875 (EOY 19/20: £39,405). Expenditure £37,366 (EOY 19/20: £13,012). Expenditure has increased due to the need to recruit a new Project Coordinator role, which was introduced in May 2021. There has also been an increase in the number of hours required of the CEO/Project Manager to support the strategic growth and demand of the charity. Since June 2021, there has been additional expenditure as a result of new office and community hub premises (with associated costs, such as: furnishing, IT equipment, volunteer costs, etc.) in order to facilitate a significantly increased demand for The Wolfpack services. At the end of our financial year 2020/2021 we remain in a strong position to continue operationally for at least 12 months. There is adequate restricted funding in place to 4 ## **The Wolfpack Project** support project management and coordination costs, as well as funding for end-toend support delivery, marketing, IT equipment/training, office costs, and volunteer expenses. The Wolfpack Project also has additional unrestricted funding to mitigate any unexpected expenditure and to fund a further increase in demand of support delivery. The Wolfpack Project has received increased grant, corporate and individual giving support over the past 12 months, with a strong indication of this growing further in the next financial year. There has also been unprecedented media coverage of the charity, which has resulted in a strong public profile and brand recognition. We remain confident and optimistic that we can increase support delivery to meet the growing demand for our services and that we can deliver our objectives, whilst being financial viable and sustainable. ## **Financial risks** The covid-19 pandemic may impact the charity with additional, associated costs, such as PPE (personal protective equipment) and sanitiser for the year ahead for volunteers, service users of the charity. Office hire and telecommunication costs are contractually in place for the next 12 months+. There may also be reduced opportunities in terms of grant funding, corporate funding and individual giving donations, as a result of the economic impact of the ongoing pandemic. The Board of Trustees are in the process of updating and adopting a formal policy on reserves. Signed _____________________________________________ Date __________ Paul Anthony Rowland, Trustee 5 Independent examiner's report to the trustees of The Wolfpack Project for the year ended 31 July 2021 I report lo the trustees on my examination of the accounts of The Wolfpack Project (Ihe charily) for the year ended 31 July 2021 . Responsibilities and basis of report As the trustees of the charity 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 charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(bl of the Act. Independent examiner's ststement 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.. accounting records were not kept in respect of the charity as required by section 130 of Ihe Act., or 2. the accounts do not accord with those records. 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. Signed John O'Brien Msc, FCCA, FCIE Employee of Community Accounting Plus Date 2111212021 The Wolfpack Project Receipts & payments account for the year ended 31 July 2021 2020 Total 2021 Total Unrestricted Restricted Funds Funds Funds Funds Receipts Grants & donatior Fundraising Ackn'vities contributions Sundry receipts Totsl receipts 38592 692 96 25 39405 24280 3500 26095 50375 3500 27780 26095 53875 Payments Equipment, repairs & renewals Fundraising & publicity Officel General administrative exper6es Legal & professional AdvertisirYJ & promotional Volunteer expenses VolunteertrainirKJ Volunteer travel & Website costs Consultancy Sundry payments Total payments 1401 267 1058 1125 1342 719 4343 5017 5468 6359 719 272 2688 65 19 130 6912 200 13012 354 1564 354 1564 10 284 22177 431 37366 10 284 21924 253 431 3880 33486 26393 Net receiptsl(payments) Cash funds at start of this period Cash funds at end of this period 23900 7593 31493 (7391) 16509 18800 26393 11409 42902 26393 The Wolfpack Project Statement of assets and liabilities at 31 July 2021 2020 2021 Cash assets Bank accounts 26393 26393 42902 42902 Assets retained for the charity's own use General equipment. Laptop, purchased in JurE 2020, cost £1,199 Liabilities Creditors- Independent examination 480 {480) 480 (480) These financial statements are accepted on behalf of the charity by: Signed Damien Reynolds, Trustee Dated 2111212021 The Wolfpack Project Notes to the accounts for the year ended 31 July 2021 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. 2. Funds analysis Openlng Recelpts (Payments) balance clo￿ng balance Restricted funds Restricted 1 Restricted 2 Restricted 3 Restricted 4 Restricted 5 Restricted 6 Restricted 7 Restricted 8 Restricted 9 4731 1670 8520 335 3544 8280 (5705) (1670} (7744} {335} (3544} 4000 14000} 2000 12000} 1990 {1789} 201 9825 3126 6699 18800 26095 11409 33486 7306 776 Unrestricted funds General fund 7593 7593 27780 31493 3880 27780 {3880) 31493 The specific purposes for which the funds are to be applied are as follows: Restricted 1- to be allocated to Consultancy, Project Management costs. Volunteer Expenses and Office & Marketing costs. Restricted 2 - to be allocated to Consultancy, Project Management costs., Marketing costs,. IT costs and Volunteer Expenses. Restricted 3 - to be allocated to Consultancy, Project Management costs. Volunteer Expenses- Marketing costs and IT costs. Restricted 4 - to be allocated to Training costs. Restricted 5 - to be allocated to Consultancy, Project Management costs., Volunteer Expenses and Office & Marketing costs. Restricted 6 - to be allocated to Consultancy, Project Management costs and Marketing costs. Restricted 7 - to be allocated to Consultancy, Project Management costs; Office & stationery and Marketing costs. Restricted 8 - to be allocated to Consultancy, Project Management costs,. Office & Stationery and Marketing costs. Restricted 9 - to be allocated to Consultancy, Project Management costs,. Office costs., Volunteer expenses- Training and Marketing costs. The Wolfpack Project 3. Trustees, remuneration During this period, a total of £22,177 was paid to one trustee for consultancy work underlaken in project management services. 4. Related party transactions There were no related party transactions during the period. 5. Glossary of terms Creditors.. These are amounts owed by the charity, but not paid during the accounting period. Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor. but still within the general objects of the charity. 10