Annual Report 2021 By Olly’s Future Chair Ann Feloy.
Introduction
It’s five years on since we lost our beloved Oliver and I have felt this milestone acutely. As Chris will tell you, I’ve lived and breathed Olly’s Future all that time. It’s my passion and vocation but it is also my gift to Oliver to keep him ‘alive’ and always with us in the work we do, as well as always in our hearts. I know that so many of you here will feel that too. Olly’s Future brought us together at the time of deepest tragedy but it has also helped us heal, while creating lifelong bonds and friendships and providing an inspirational path forward. First and foremost, I want to thank everyone who has been by my side, no matter how long or short that time.
It has certainly been a joy and pleasure to welcome more and more staff to our Olly’s Future family, including Emma Baars from Worthing, our new CEO, Linda Foster from Newcastle Under Lyme and Kat Cosgrove from Amsterdam who are our Programmes Coordinator, as well as Dr Amy Leckie from Sterling, Scotland. We’ve got the whole of the UK and northern Europe covered now!
This report is on just our second year as a charity. It’s hard to believe how much we have achieved. During that whole time, Covid was our companion. We were in lockdown until April when there was some easing, and then limited restrictions continued, with vaccinations and booster rolls outs being a continuous backdrop to our lives.
Covid has had a devastating impact on many, particularly on the mental health of young people. It has played its part in Olly’s Future’s work too. While it saw us all becoming familiar with Zoom and nervous about planning any indoor events, it also led to Olly’s Future expanding its work at sometimes breath-taking speed.
We adapted our initiatives to go online and, in so doing, have reached far more people than we ever imagined. Quite frankly, I believe our potential is enormous. Charlie has coined the perfect phrase for Olly’s Future: ‘We’re growing at pace, with a smile on our face’ and that pretty much sums up 2021.
Some Background Facts
I thought it would be helpful to set our work in context. In 2020, there were over 6,500 deaths by suicide registered in the UK. Suicide is one of the three main causes of all deaths in people under the age of 44 years. Three quarters of these are by men. One alarming trend is the rise in suicides by 15 to 19-year-olds.
In September 2021, a record number of children and young people in England sought mental health support - nearly double pre-pandemic levels.
A Royal College of Psychiatrists’ report said the figures showed the pandemic was taking its toll on children and young people. The College analysed NHS Digital data on mental health referrals for children and young people aged 18 and under and found that between April and June nearly 200,000 (190,271) children aged 18 and under were referred to children and young people's mental health services - almost twice the number referred during the same period in 2019 (97,342).
The Royal College of Psychiatrists said that early help for youngsters is ‘key to recovery’.
Dr Elaine Lockhart, Chair of the Child and Adolescent Faculty, said: "These alarming figures reflect what I and many other frontline psychiatrists are seeing in our clinics on a daily basis.
"The pandemic has had a devastating effect on the nation's mental health, but it's becoming increasingly clear that children and young people are suffering terribly.”
Practise Hope – primary care initiative for 10 – 25 year olds with thoughts of suicide or who self-harm.
In light of these statistics, it is clear our work could not be more needed. We can be very proud of our pioneering initiative - Practice Hope. We work directly with clinical and non- clinical staff at GP practices to improve how to help 10 - 25 year olds who are suicidal or who self-harm.
As Patients Carer’s Lead, I worked with Dr Sam Fraser to develop the initial pilot, which was funded by Health Education England, in partnership with Mind. It involved 30 GP practices across Kent, Surrey and Sussex. When this came to an end in October 2020, Olly’s Future took up the reins to continue delivering this and I’m delighted to say we now have three NHS Trusts working with us to deliver Practise Hope.
In early 2021, Lauriance Mortier was employed to use her digital expertise to transform the pilot ‘face to face’ version, so that it could be delivered entirely online. We worked with Coventry and Warwickshire NHS Trust to develop this and then deliver it to two of their GP practices, dodging the obstacles Covid put in our way.
South West London NHS Trust commissioned us in July 2021 with the aim of rolling out Practise Hope to 12 GP practices throughout their six boroughs. The set-up period involved working with commissioners and
the clinical and mental health leads to galvanise support with local GP practices. We were amazed and delighted when, after the virtual launch on September 23[rd] , some 14 surgeries signed up.
Sadly, booster roll outs in December and January hindered the smooth running of the initiative but we are now back on track to continue work. Our aim is to deliver this on a continual rolling programme across all South West London surgeries in the near future.
On April 1[st] , this year, we will start delivering Practise Hope to ten GP practices in the Sefton and the Formby area of Merseyside. This work is being funded by the Zero Suicide Alliance and we will be working closely with MerseyCare NHS Trust.
Kat Cosgrove joined us as our Programmes Coordinator for Practise Hope in December and has been a delight to work with on this project and watch it go from strength to strength with her at the helm.
Dr SAMS (Suicide Awareness in Medical Students)
Joining Olly’s Future at the same time as Kat, was Linda Foster and it has been her responsibility to coordinate Dr SAMS (Suicide Awareness in Medical Students). We gained BMA funding for the second year running, as well as funding from Kent County Council, to deliver Dr SAMS at Brighton and Sussex Medical School, the University of Exeter Medical School and Kent and Medway Medical School. It is not an insignificant achievement to say that the latter two medical schools made the initiative a compulsory part of the curriculum for medical students.
On November 27[th] , 2021, we trialled a new model at KMMS which involved delivering the first part of the initiative – our 90 minute online ‘Talking about Suicide – Ten Tools’ training and the second part of the initiative - our 90 minute CareSpaces session – all in one morning to a whole year group of 90 students. We had three Zoom links and pulled in every single trainer, emotional support and IT person possible. Fortunately, it proved to be a great success for all involved. It is now the basis of a Peer Review which we eagerly anticipate.
Linda has mastered the initiative incredibly swiftly and I have no doubt that with her on board we will very soon be offering Dr SAMS to UCLH, our next target medical school where talks are to begin shortly. Our eventual aim is to deliver this to every single one of the 33 medical schools in this country. The suicide rate on a medical degree is twice any other degree and we know that if our doctors of tomorrow are skilled in talking about
suicide to their own colleagues and patients, we can save more lives being lost to suicide.
I was asked to give a keynote address to the BMA International Conference on Physician Health in April last year about Dr SAMS to GPs from around the world, so all eyes are watching.
Having Dr Amy Leckie on board as a freelance associate has been enormously beneficial to Olly’s Future in order to raise awareness of both initiatives. It is our aim to meet with the Suicide Minister Gillian Keegan MP soon and we are already liaising with the government policy leads. Amy’s experience as a doctor, with over 20 years working for the NHS, adds to our credibility as a charity making a culture change to help prevent suicide.
As part of Dr SAMS, we deliver the Mental Health Open Mic Nights. Unfortunately, they did not run last year because of Covid.
Talking about Suicide – Ten Tools.
One of the proudest moments in late 2021 was reaching the 2,000 milestone for the number of participants trained in ‘Talking about Suicide – Ten Tools’. My friend and co-creator Rose Allet and I are about to take on even more trainers in the knowledge that demand for this training will continue to grow, whether it is through the Dr SAMS initiative or through delivering this to other groups and organisations, such as schools and private companies.
We work with an amazing group of people and although they work on a freelance basis for the TAS10 Ltd, they feel intensely connected to Olly’s Future and Oliver himself. I am incredibly grateful for their support both professionally and personally. Ella Spurgeon has been our Bookings Coordinator since July 2021 and works closely with Linda handling bookings for Dr SAMS.
Men’s Health Week in June was partly funded by Olly’s Future and the Band of Brothers charity and involved delivering free TAS10s to ‘men only’ sessions as well as arranging talks such as by Leon the Pig Farmer – a punk poet. Engaging men in the training is one of our greatest challenges.
September 10[th] is World Suicide Day and so there is always demand to run sessions. Last year Rose and I also delivered a webinar called ‘Five Myths About Suicide’ to more than 500 Sky employees and I also spoke at two other events that day. We’re pretty much booked up already for 2022!
Life Saving Conversations
We have now created ten Life Saving Conversations which can be used as a ‘stand alone’ training tool or, which is more usual, as part of the TAS10 training. We have created a range of scenarios from being in a pub to helping someone who has been bereaved. Our latest four Life Saving Conversations will be co-produced with Sussex Police to help officers intervene with distressed individuals. This funding has been awarded from the Department of Health and Social Care recent Suicide Prevention Fund.
Awards
It gives us all great pleasure to know that Oliver continues to be remembered through two wonderful awards that were set up in his memory which are both awarded in the same week.
At Christ Hospital the Worshipful World Traders and Oliver Hare cup is presented by the Lord Mayor London at Speech Day every year and went to Emmanuel Odujebe.
Shiv Patel was the winner of the Oliver Hare Altruism Award at UCL, set up by Ayesha Begum. We are delighted he has joined us in our suicide prevention work, having lost a very close friend to suicide himself.
Events
The range and breadth of our various events every year always astounds me and is a testament to our inventiveness, creativity and sheer folly as a group. Wouldn’t Oliver have loved every one of them? They reflect his personality in so many ways.
A beautiful moment came when we unveiled a window on Worthing Pier in memory of Oliver, depicting the time he won the Oranges and Lemons ‘Flinathon’ that takes place every year on Worthing Beach. His dear friend Xavier Smales came up with the design and I am moved every time I see it.
Last year the organisers of the ‘Flingathon’ spelt out the words ‘For Olly’ which was very touching to see..
The Great Connection Festival – our equivalent of a ‘virtual mini Glastonbury on your desktop’ was a huge success. It came just at the right time – January 30th - during lockdown and raised more than £2,000 for Olly’s Future. A lot of us here thoroughly enjoyed dancing in our front rooms to an online disco. Thanks to Adam of the Plight Club and Rory’s hard work, this event lifted our spirits at a time when we were all feeling particularly fed up.
Throughout 2021, the sea shanty band – the Duck Pond Sailors – performed at outdoor events raising a substantial amount. They went down a storm at the Elderflower Fields Festival in East Sussex and Chris, who is a member of the group, has also donated a lot of money to our cause through the sale of his books or else through local history talks.
Perhaps the most bold and brave of all the events was the London to Worthing Bike Ride on August 14[th] . It was an epic adventure which is no doubt now engraved on the memories of all those courageous souls who cycled. Thanks goes to Ayesha, Amir, Charlie, Theo, Hannah, Rory, Marcus, Otis, Samuel and Joe who pedalled their way all those tortuous miles. It was dark by the time they arrived at the finishing line at Worthing pier. All those who had gathered had long gone home. We salute their bravery.
I’m not sure which was more courageous - the London to Worthing Bike Ride – or the Worthing to Paris run by Marcus and Otis in 2019. Probably the latter, to be fair. That was just mental, but I enjoyed every moment of it being the back up driver.
Olly’s Walk on September 4[th] was the only ‘live’ event we held last year. It wonderful so many friends came on the walk, ending up at the Bax Castle pub where Oliver and all his CH friends would gather at the end of the school year to get thoroughly drunk/
One of the most awe-inspiring moments for me came when composer Jonathan Brigg’s staged the World Premier of ‘Sea Faring Folk’ in October which was then broadcast on Radio 3 in January 2022. The Sussex Folk Orcherstra, led by Eileen Sephton, won a very prestigious competition to work with an up and coming composer creating a new piece of work in aid of Olly’s Future. The medieval barn in the South Downs, where the concert took place, was filled to capacity and a lot of us had tears in our eyes when the fifth and final movement of the Sinfonia was played called ‘Sea of Solitude’. Jonathan said he had been inspired by Oliver when writing the sinfonia.
With all these events under our belt last year, the question is what wild and wacky events will we dream up for this year? The focus will no doubt be to hold more fundraising events now that Covid threat has waned.
It will be wonderful to all gather on Saturday, March 26[th] , for our Love and Light (lite) party.
Recognition
We gained a lot of media coverage, in both the national press and social media. I was asked to write a double paged feature which appeared in the Daily Express and I was interviewed many times on BBC Sussex and Surrey radio. Nick Ames has helped me with traditional media, while Ella Spurgeon has worked hard in promoting us on social media.
Olly’s Future has found the spotlight in other ways too. I’ve spoken at conferences, such as the National Suicide Prevention Alliance annual conference at Lord’s Cricket Ground, and at the Maudsley Learning Conference online event, as well as the international BMA conference mentioned earlier.
Our Daffodils campaign for Valentine’s Day was another way we raised awareness of Oliver and Olly’s Future in 2021 and my dear friend Jo Gaterell and I were asked to create a podcast for the Support After Suicide Partnership about how we came to meet. All these things add to raising awareness about Oliver’s legacy.
Going Forward
We are entering a very exciting new era with our growing team of staff. I am absolutely delighted to be welcoming Emma Baars as our new CEO. She has all the energy and vision we need to take Olly’s Future to the next league and it will be a pleasure to work with her on a weekly basis. She will be running the day to day operation from April 11[th] , when I go on a very welcomed holiday to Spain. It will be fun to spend more time exploring our second aim which is to ‘Promote Wellbeing through the Arts’, while continuing to build on the excellent initiatives already developed.
There is one person above all we have to thank for where we are today and all that the future holds for us – and that is our darling Oliver. He is still pulling all the strings and making things happen. He always will be.
You can shed tears that he is gone Or can smile because he has lived.
You can close your eyes and pray that he’ll come back Or you can open your eyes and see all he’s left.
Your heart can be empty because you can’t see him Or you can be full of the love you shared.
You can turn your back on tomorrow and live yesterday Or you can be happy for tomorrow because of yesterday.
You can remember him and only that he’s gone Or you can cherish his memory and let it live on.
You can cry and close your mind, be empty and turn your back Or you can do what he’d want: Smile, open your eyes, love and go on.
Anonym ous
In loving memory of Oliver Hare – a truly beautiful soul. 17[th] March, 2022.
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Charity registration number: 1187184
Olly's Future
Charitable Incorporated Organisation Annual Report and Financial Statements for the Year Ended 31 December 2021
Lucraft Hodgson & Dawes LLP Ground Floor 19 New Road Brighton East Sussex BN1 1UF
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Olly's Future
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustee's Report | 2 |
| Statement of Trustee's Responsibilities | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 13 |
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Olly's Future
Reference and Administrative Details
Trustees Ann Feloy, Chair Theo Clay, Trustee Rory Keddie, Trustee Ayesha Begum, Trustee Charlie Thomson, Trustee Hannah Taffee, Trustee Samuel Hare, Trustee Zephan M A Trent, Trustee Werwin Carlos, Trustee Principal Office 10 Queen Street Place London EC4R 1BE Charity Registration Number 1187184 Company number CE020182 Independent Examiner Lucraft Hodgson & Dawes LLP Ground Floor 19 New Road Brighton East Sussex BN1 1UF
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Olly's Future
Trustee's Report
The member presents the annual report together with the financial statements of the charity for the year ended 31 December 2021.
Objectives and activities
Public benefit
The member confirms that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
Nature of governing document
Constitution adopted 2nd January 2020.
��������� The annual report was approved by the member of the charity on .................... and signed on its behalf by:
......................................... Ann Feloy Trustee
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Olly's Future
Statement of Trustee's Responsibilities
The trustee is responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustee 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 period. In preparing these financial statements, the member is required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The member is responsible for keeping proper 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The member is 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.
��������� Approved by the member of the charity on .................... and signed on its behalf by:
......................................... Ann Feloy Trustee
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Olly's Future
Independent Examiner's Report to the trustee of Olly's Future
I report on the accounts of the charity for the year ended 31 December 2021 which are set out on pages 5 to 13.
Respective responsibilities of trustee and examiner
The trustee is responsible for the preparation of the accounts. The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...................................... Robert Bothwell
Ground Floor 19 New Road Brighton East Sussex BN1 1UF
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Olly's Future
Statement of Financial Activities for the Year Ended 31 December 2021
| Note Income and Endowments from: Grants Donations and legacies Other trading activities Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 |
Unrestricted funds £ - 19,004 - 19,004 (131) (18,627) (18,758) 246 15,397 15,643 |
Restricted funds £ 48,245 - - 48,245 - (20,628) (20,628) 27,617 16,985 44,602 |
Total 31 December 2021 £ 48,245 19,004 - 67,249 (131) (39,255) (39,386) 27,863 32,382 60,245 |
Total 2 January 2020 to 31 December 2020 £ 27,790 13,439 5,521 |
|---|---|---|---|---|
| 46,750 | ||||
| (403) (13,965) |
||||
| (14,368) | ||||
| 32,382 - |
||||
| 32,382 |
Full prior period statement of financial activities shown at note 13.
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Olly's Future
(Registration number: 1187184) Balance Sheet as at 31 December 2021
| Note Current assets Cash at bank and in hand Funds of the charity: Restricted funds Unrestricted income funds Unrestricted funds Total funds 10 |
31 December 2021 £ 60,245 44,602 15,643 60,245 |
31 December 2020 £ 32,382 |
|---|---|---|
| 16,985 15,397 |
||
| 32,382 |
��������� The financial statements on pages 5 to 13 were approved by the , and authorised for issue on .................... and signed on their behalf by:
......................................... Ann Feloy Trustee
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
1 Accounting policies
Charity status
The charity is a charitable incorporated organisation as defined by and in accordance with the Charities Act 2011.
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The financial statements are prepared on a receipts and payments basis.
Olly's Future meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised upon receipt.
Expenditure
All expenditure is recognised upon payment. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities |
Unrestricted funds General £ 19,004 - 19,004 |
Restricted funds £ - 48,245 48,245 |
Total 31 December 2021 £ 19,004 48,245 67,249 |
Total 2 January 2020 to 31 December 2020 £ 13,439 27,790 |
|---|---|---|---|---|
| 41,229 |
3 Income from other trading activities
| Trading income; Other trading activities |
Total 31 December 2021 £ - - |
Total 2 January 2020 to 31 December 2020 £ 5,521 |
|---|---|---|
| 5,521 |
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
4 Expenditure on raising funds
a)
Unrestricted funds
| Unrestricted funds |
|||
|---|---|---|---|
| Note Cost of generating voluntary donations Allocated support costs 6 Costs of generating donations and legacies |
General £ 131 - 131 |
Total 31 December 2021 £ 131 - 131 Allocated support costs £ 131 |
Total 2 January 2020 to 31 December 2020 £ 301 102 |
| 403 | |||
| Total 31 December 2021 £ 131 |
Costs of generating donations and legacies
5 Expenditure on charitable activities
Unrestricted funds
| Note Training Fundraising and development Staff costs Allocated support costs Governance costs |
General £ - 1,632 9,403 3,428 4,164 18,627 |
Restricted funds £ 20,628 - - - - 20,628 |
Total 31 December 2021 £ 20,628 1,632 9,403 3,428 4,164 39,255 |
Total 2 January 2020 to 31 December 2020 £ 8,405 2,342 - 818 2,400 |
|---|---|---|---|---|
| 13,965 |
£18,627 (2020 - £3,160) of the above expenditure was attributable to unrestricted funds and £20,628 (2020 - £10,805) to restricted funds.
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
6 Analysis of governance and support costs
Unrestricted funds
| Unrestricted funds |
|||
|---|---|---|---|
| Trustee remuneration and expenses Insurance Administrative expenses Independent Examiner’s remuneration |
General £ 2,850 - 3,428 1,314 7,592 |
Total 31 December 2021 £ 2,850 - 3,428 1,314 7,592 |
Total 2 January 2020 to 31 December 2020 £ 2,400 102 818 - |
| 3,320 |
7 Trustee remuneration and expenses
During the year the charity made the following transactions with trustee:
Ann Feloy
Ann Feloy received remuneration of £2,850 (2020: £2,400) during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs |
2021 £ 9,311 92 |
|---|---|
| 9,403 |
No employee received emoluments of more than £60,000 during the year
9 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 Taxation of Chargeable Gains Act 1992 to the extent that thse are applied to its charitable objects.
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
10 Funds
| Unrestricted funds General Restricted funds Total funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 January 2021 £ 15,397 16,985 32,382 |
Incoming resources £ 19,004 48,245 67,249 Incoming resources £ 18,960 27,790 46,750 |
Resources expended £ (18,758) (20,628) (39,386) Resources expended £ (3,563) (10,805) (14,368) |
Balance at 31 December 2021 £ 15,643 44,602 |
|---|---|---|---|---|
| 60,245 | ||||
| Balance at 31 December 2020 £ 15,397 16,985 |
||||
| 32,382 |
The specific purposes for which the funds are to be applied are as follows:
Restricted funds provided to Olly's Future is for the development and delivery of the Dr SAMS (Suicide Awareness in Medical Students) project and the Practice Hope project, which is aimed at GP practices.
11 Analysis of net assets between funds
| Current assets 12 Analysis of net funds Cash at bank and in hand Net funds |
Unrestricted funds General £ 15,643 At 1 January 2021 £ 32,382 32,382 |
Restricted funds £ Total funds £ 44,602 60,245 Cash flow £ At 31 December 2021 £ 27,863 60,245 27,863 60,245 |
Total funds £ 60,245 |
|
|---|---|---|---|---|
| 60,245 |
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
13 Prior period statement of financial activities
| 13 Prior period statement of financial activities | |||
|---|---|---|---|
| Note Income and Endowments from: Donations and legacies Other trading activities Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net movement in funds Reconciliation of funds Total funds carried forward 10 |
Unrestricted funds £ 13,439 5,521 18,960 (403) (3,160) (3,563) 15,397 15,397 |
Restricted funds £ 27,790 - 27,790 - (10,805) (10,805) 16,985 16,985 |
Total 31 December 2020 £ 41,229 5,521 |
| 46,750 | |||
| (403) (13,965) |
|||
| (14,368) | |||
| 32,382 | |||
| 32,382 |
Page 13
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Charity registration number: 1187184
Olly's Future
Charitable Incorporated Organisation Annual Report and Financial Statements for the Year Ended 31 December 2021
Lucraft Hodgson & Dawes LLP Ground Floor 19 New Road Brighton East Sussex BN1 1UF
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Olly's Future
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustee's Report | 2 |
| Statement of Trustee's Responsibilities | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 13 |
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Olly's Future
Reference and Administrative Details
Trustees Ann Feloy, Chair Theo Clay, Trustee Rory Keddie, Trustee Ayesha Begum, Trustee Charlie Thomson, Trustee Hannah Taffee, Trustee Samuel Hare, Trustee Zephan M A Trent, Trustee Werwin Carlos, Trustee Principal Office 10 Queen Street Place London EC4R 1BE Charity Registration Number 1187184 Company number CE020182 Independent Examiner Lucraft Hodgson & Dawes LLP Ground Floor 19 New Road Brighton East Sussex BN1 1UF
Page 1
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Olly's Future
Trustee's Report
The member presents the annual report together with the financial statements of the charity for the year ended 31 December 2021.
Objectives and activities
Public benefit
The member confirms that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
Nature of governing document
Constitution adopted 2nd January 2020.
��������� The annual report was approved by the member of the charity on .................... and signed on its behalf by:
......................................... Ann Feloy Trustee
Page 2
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Olly's Future
Statement of Trustee's Responsibilities
The trustee is responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustee 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 period. In preparing these financial statements, the member is required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The member is responsible for keeping proper 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The member is 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.
��������� Approved by the member of the charity on .................... and signed on its behalf by:
......................................... Ann Feloy Trustee
Page 3
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Olly's Future
Independent Examiner's Report to the trustee of Olly's Future
I report on the accounts of the charity for the year ended 31 December 2021 which are set out on pages 5 to 13.
Respective responsibilities of trustee and examiner
The trustee is responsible for the preparation of the accounts. The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act 2011; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...................................... Robert Bothwell
Ground Floor 19 New Road Brighton East Sussex BN1 1UF
��������� Date:.............................
Page 4
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Olly's Future
Statement of Financial Activities for the Year Ended 31 December 2021
| Note Income and Endowments from: Grants Donations and legacies Other trading activities Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 |
Unrestricted funds £ - 19,004 - 19,004 (131) (18,627) (18,758) 246 15,397 15,643 |
Restricted funds £ 48,245 - - 48,245 - (20,628) (20,628) 27,617 16,985 44,602 |
Total 31 December 2021 £ 48,245 19,004 - 67,249 (131) (39,255) (39,386) 27,863 32,382 60,245 |
Total 2 January 2020 to 31 December 2020 £ 27,790 13,439 5,521 |
|---|---|---|---|---|
| 46,750 | ||||
| (403) (13,965) |
||||
| (14,368) | ||||
| 32,382 - |
||||
| 32,382 |
Full prior period statement of financial activities shown at note 13.
Page 5
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Olly's Future
(Registration number: 1187184) Balance Sheet as at 31 December 2021
| Note Current assets Cash at bank and in hand Funds of the charity: Restricted funds Unrestricted income funds Unrestricted funds Total funds 10 |
31 December 2021 £ 60,245 44,602 15,643 60,245 |
31 December 2020 £ 32,382 |
|---|---|---|
| 16,985 15,397 |
||
| 32,382 |
��������� The financial statements on pages 5 to 13 were approved by the , and authorised for issue on .................... and signed on their behalf by:
......................................... Ann Feloy Trustee
Page 6
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
1 Accounting policies
Charity status
The charity is a charitable incorporated organisation as defined by and in accordance with the Charities Act 2011.
Statement of compliance
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The financial statements are prepared on a receipts and payments basis.
Olly's Future meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised upon receipt.
Expenditure
All expenditure is recognised upon payment. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 7
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 8
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities |
Unrestricted funds General £ 19,004 - 19,004 |
Restricted funds £ - 48,245 48,245 |
Total 31 December 2021 £ 19,004 48,245 67,249 |
Total 2 January 2020 to 31 December 2020 £ 13,439 27,790 |
|---|---|---|---|---|
| 41,229 |
3 Income from other trading activities
| Trading income; Other trading activities |
Total 31 December 2021 £ - - |
Total 2 January 2020 to 31 December 2020 £ 5,521 |
|---|---|---|
| 5,521 |
Page 9
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
4 Expenditure on raising funds
a)
Unrestricted funds
| Unrestricted funds |
|||
|---|---|---|---|
| Note Cost of generating voluntary donations Allocated support costs 6 Costs of generating donations and legacies |
General £ 131 - 131 |
Total 31 December 2021 £ 131 - 131 Allocated support costs £ 131 |
Total 2 January 2020 to 31 December 2020 £ 301 102 |
| 403 | |||
| Total 31 December 2021 £ 131 |
Costs of generating donations and legacies
5 Expenditure on charitable activities
Unrestricted funds
| Note Training Fundraising and development Staff costs Allocated support costs Governance costs |
General £ - 1,632 9,403 3,428 4,164 18,627 |
Restricted funds £ 20,628 - - - - 20,628 |
Total 31 December 2021 £ 20,628 1,632 9,403 3,428 4,164 39,255 |
Total 2 January 2020 to 31 December 2020 £ 8,405 2,342 - 818 2,400 |
|---|---|---|---|---|
| 13,965 |
£18,627 (2020 - £3,160) of the above expenditure was attributable to unrestricted funds and £20,628 (2020 - £10,805) to restricted funds.
Page 10
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
6 Analysis of governance and support costs
Unrestricted funds
| Unrestricted funds |
|||
|---|---|---|---|
| Trustee remuneration and expenses Insurance Administrative expenses Independent Examiner’s remuneration |
General £ 2,850 - 3,428 1,314 7,592 |
Total 31 December 2021 £ 2,850 - 3,428 1,314 7,592 |
Total 2 January 2020 to 31 December 2020 £ 2,400 102 818 - |
| 3,320 |
7 Trustee remuneration and expenses
During the year the charity made the following transactions with trustee:
Ann Feloy
Ann Feloy received remuneration of £2,850 (2020: £2,400) during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs |
2021 £ 9,311 92 |
|---|---|
| 9,403 |
No employee received emoluments of more than £60,000 during the year
9 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 Taxation of Chargeable Gains Act 1992 to the extent that thse are applied to its charitable objects.
Page 11
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
10 Funds
| Unrestricted funds General Restricted funds Total funds Unrestricted funds General Restricted funds Total funds |
Balance at 1 January 2021 £ 15,397 16,985 32,382 |
Incoming resources £ 19,004 48,245 67,249 Incoming resources £ 18,960 27,790 46,750 |
Resources expended £ (18,758) (20,628) (39,386) Resources expended £ (3,563) (10,805) (14,368) |
Balance at 31 December 2021 £ 15,643 44,602 |
|---|---|---|---|---|
| 60,245 | ||||
| Balance at 31 December 2020 £ 15,397 16,985 |
||||
| 32,382 |
The specific purposes for which the funds are to be applied are as follows:
Restricted funds provided to Olly's Future is for the development and delivery of the Dr SAMS (Suicide Awareness in Medical Students) project and the Practice Hope project, which is aimed at GP practices.
11 Analysis of net assets between funds
| Current assets 12 Analysis of net funds Cash at bank and in hand Net funds |
Unrestricted funds General £ 15,643 At 1 January 2021 £ 32,382 32,382 |
Restricted funds £ Total funds £ 44,602 60,245 Cash flow £ At 31 December 2021 £ 27,863 60,245 27,863 60,245 |
Total funds £ 60,245 |
|
|---|---|---|---|---|
| 60,245 |
Page 12
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Olly's Future
Notes to the Financial Statements for the Year Ended 31 December 2021
13 Prior period statement of financial activities
| 13 Prior period statement of financial activities | |||
|---|---|---|---|
| Note Income and Endowments from: Donations and legacies Other trading activities Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net movement in funds Reconciliation of funds Total funds carried forward 10 |
Unrestricted funds £ 13,439 5,521 18,960 (403) (3,160) (3,563) 15,397 15,397 |
Restricted funds £ 27,790 - 27,790 - (10,805) (10,805) 16,985 16,985 |
Total 31 December 2020 £ 41,229 5,521 |
| 46,750 | |||
| (403) (13,965) |
|||
| (14,368) | |||
| 32,382 | |||
| 32,382 |
Page 13