The Wolfpack Project (Registered charity, number 1184390) Financial statements for the year ended 31 July 2022
| Page | Contents |
|---|---|
| 2 - 5 | Trustees’ annual report |
| 6 | Independent examiner’s report |
| 7 | Receipts & payments account |
| 8 | Statement of assets & liabilities |
| 9 | Notes to the accounts |
The Wolfpack Project Trustees’ annual report for the year ended 31 July 2022
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 Brandon Louth, from 09/03/2022 Joe Foster Susan Owen-Bailey, from 22/11/2021 Robert Allen
Michael Craig Brooksbank , until 31/05/2022 Damien Stephen Reynolds, until 28/02/2022 Elliott Albert Lancaster, until 20/01/2022 Gareth David Duffield, until 4/11/2022
Independent examiner
John O’Brien, 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 platforms such as Reach Volunteering and Charity Jobs, candidates are then interviewed by the CEO of the charity and also the Chair of Trustees. After initial interview candidates are invited to observe a Trustee meeting, after said Trustee meeting a discussion takes place with all Trustees to decide upon whether to accept the candidate as a Trustee of The Wolfpack Project (or whether there are concerns or questions that should be raised prior).
Trustees will then agree upon the Code of Conduct for Trustees, take part in an induction process and their name will be placed on the Charity Commission website.
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.
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The Wolfpack Project
Purpose
We will make sure all young adults across Nottinghamshire have the opportunity to make meaningful connections and have access to the mental health support they need to thrive.
Vision
A world where no young adults are socially isolated or alone with their mental health.
Mission
We will provide a range of youth services that enables young adults to access support, build resilience, establish new friendships and form lasting support networks.
Summary of the main activities undertaken for the public benefit
The Wolfpack Project provides a series of support services that include one-to-one and group support for younger people (aged 16-35) who may be struggling with their mental health. Furthermore, the charity provides a range of social groups and events to help younger people develop their social skills, make new connections and build resilience.
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
The Wolfpack Project delivers 3 key programmes of support:
Programme 1: You Are Not Alone
Helping young adults to look after their mental health and make meaningful connections with their peers
Every young adult (16-35) across Nottinghamshire can access a support package including:
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One-to-one support sessions that are designed to increase confidence, build resilience and act as a road map to entering group activities with their peers: 500 (Y1), 750 (Y2), 1,200 (Y3) Young adults will have access to group activities, events and away days that are designed to improve mental health, increase physical fitness and encourage new life-skills and experiences, which are shared with their peers: 1,800 (Y1), 2,750 (Y2), 3,500 (Y3).
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Digital connections; PC’s or tablets, will be made available to individuals without the financial means in which to afford them, enabling them to access mental health resources online, apply for jobs, complete education or training.
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The Wolfpack Project
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online, and become digitally connected with their peers: 100 (Y1), 175 (Y2), 250 (Y3).
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Wellbeing packs that contain vital mental health resources, healthy snacks/drinks and mindfulness puzzles will be made available to all young adults on demand from Wolfpack HQ. Access to online support and resources, a newly-launched Wolfpack Podcast and an annual summer Wolfpack Festival (launching Y1), will bring together panel discussions, mindfulness sessions, breakout support and entertainment.
Programme 2: A Community Who Understands
Making sure young adults are a part of a community and society that better understand mental health.
We want to reduce the stigma and isolation of youth mental health and create an open, inclusive, and supportive society that can be there for young adults. We will:
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Form partnerships that enable us to reach local communities, offering training and support to the adults who need us most and who can make the biggest difference to young people they may come into contact with in their lives.
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Develop online information and advice for adults to help them to guide and support young people when they need help with their mental health.
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Enhance current relationships and establish new referral links and information days with a diverse range of organisations that we can empower, develop and work alongside.
Programme 3: Young Changemakers
Building a youth-led movement for change where young adults have a voice in the things that impact their mental health.
We want young adults to have a seat at the table when it comes to influencing the decisions that impact the way they and their peers are engaged, valued and supported. We want:
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Everything we do, from our governance to our fundraising campaigns, our social media strategy to our training, to be shaped and directed by their involvement.
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For them to have the opportunity to become change-makers who are empowered to campaign for the change they want to see in youth mental health services across Nottinghamshire.
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Have the opportunity to become grass-roots activists and take independent action, locally and online.
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To ensure young adults are able to share their experiences and thoughts directly through our Blogs, Wolfpack Podcast and Social Media channels.
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The Wolfpack Project
Financial review
Our financial position at the end of the year is strong, throughout the accounting period we generated income of £139k compared to FY 20/21 of £53k which has provided strong foundations for the year ahead our end of year balance was £96k and provides roughly 12 months of operating costs on the assumption of costs of £7626 per month (salary, PAYE/Pension, Office etc). The generating of income into the charity was helped by funding available for the support of projects associated with Covid19.
We are hopeful to continue to generate further income to support the charity as it grows within the next accounting period as we expand to include further employees within the charity to support in roles such as administration, IT and marketing.
Financial Risks
Office hire and telecommunication costs are contractually in place for the next 12 months+ with fixed rates in place.
The financial risk to The Wolfpack Project could be in relation to grant funding, corporate funding and individual giving donations, as a result of the current economic and societal turmoil. Steps are being taken to address this by diversifying income streams and partnering with other charities and communities to pool together resources and reduce expenditure where possible.
Employment costs in the event of the charity needing to be wound down.
The charity’s policy on reserves
As the charity is now an employer it is important for us as The Board of Trustees to review operating costs and adopt a formal policy on reserves in the unlikely event the charity needs to be wound down.
Signed on behalf of the charity’s trustees:
Signed ______ Date _ Paul Anthony Rowland, Trustee
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Independent examiner’s report to the trustees of The Wolfpack Project for the year ended 31 July 2022
I report to the trustees on my examination of the accounts of The Wolfpack Project (the charity) for the year ended 31 July 2022.
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)(b) of the Act.
Independent examiner’s statement
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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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 ____ Date _______ 19/11/2022 John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
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The Wolfpack Project Receipts & payments account for the year ended 31 July 2022
| 2021 Total Unrestricted Funds Funds £ £ Receipts 50375 Grants & donations 3403 3500 Fundraising - - Sundry receipts 408 53875 Total receipts 3811 Payments 5468 Fundraising & publicity 649 6359 Office and general expenses 604 719 Legal & professional fees 535 1928 Volunteer expenses & training 986 284 IT & Website 1015 22177 Consultancy & salaries 3655 - Staff travel, training & expenses 2793 - Project management 1454 431 Sundry payments & awards 1135 37366 Total payments 12826 16509 Net receipts/(payments) (9015) 26393 Cash funds at start of this period 31493 42902 Cash funds at end of this period 22478 |
Restricted Funds £ 132602 - 3368 135970 2336 1439 202 2327 2640 53553 832 9964 540 73833 62137 11409 73546 |
2022 Total Funds £ 136005 - 3776 |
|---|---|---|
| 139781 | ||
| 2985 2043 737 3313 3655 57208 3625 11418 1675 |
||
| 86659 | ||
| 53122 42902 |
||
| 96024 |
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The Wolfpack Project Statement of assets and liabilities at 31 July 2022
2021 2022 £ Cash assets £ 42902 Bank accounts 96024 42902 96024 Assets retained for the charity’s own use General equipment. Laptop, purchased in June 2020, cost £1,199 Portable IT hardware x2, purchased in April 2022, cost £2,261 Liabilities (480) Independent examination (498) - Tax & NI (1360) (480) (1858)
These financial statements are accepted on behalf of the charity by:
Signed _____ Dated _____ Paul Anthony Rowland, Trustee
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The Wolfpack Project Notes to the accounts for the year ended 31 July 2022
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
| Restricted funds Activities Fund number 1 Fund number 2 Unrestricted funds General fund |
Opening balance £ 10633 776 - 11409 31493 31493 |
Receipts (Payments) £ £ 126279 (73056) - (776) 9690 - 135969 (73832) 3811 (12826) 3811 (12826) |
Closing balance £ 63856 - 9690 |
|---|---|---|---|
| 73546 | |||
| 22478 | |||
| 22478 |
The specific purposes for which the funds are to be applied are as follows: Activities: This amalgamates a number of activities funded by specific grants & donations.
Fund number 1 - This was awarded to assist with costs during Covid. Fund number 2 - Enabled The Wolfpack Project to run a variety of peer support groups for young people to get involved with, helping them to build brands and create a social support network that they can rely on during times of hardship.
3. Trustees’ remuneration
Reasonable travel and accommodation expenses of £2,485 was paid to trustees during this period.
With the prior agreement of the Board of Trustees, the CEO Damien Reynolds, who served as a Trustee until 28/02/2022, was remunerated £33,733 for consultancy and salary costs.
4. Related party transactions
There were no other related party transactions during the period.
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