Charity Registration No. 1189312 FIG BRANCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FIG BRANCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Felix Branth Gordon singer Jennifer Singer Michelle Gondola Sarah RÈiani Charlty number 1189312 Registered office Orchard House Melton Park Melton Con5table Norfolk NR24 2NL I[￿ePendent examiner Joel Courts HW Fisher Profe55ional Service5 Lirnited Acre House 11-15 William Road London NWI 3ER Bankers National Westminster Bank plt 250 Bi5hopsgate London EC2M 4AA FIG BRANCH CONTENTS Pa8e TrustÈes' rÈptsrt Independent exzrniner's report ststement of financial activities Balantr sheet Notes to the finÈntial statements 7-12 FIG BRANCH TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 ThÈ trusteÈs prÈ5ent thÈir report and financial 5tstetnents for the yÈar Ènded 30JunÈ 2024. The financial statements have been prepared in accordance with the 3ccountin8 policies set out In note I to the financial statements and tomply with thÈ tharity's governing document, the Charities Act 2011 and Actounting and Reporting bv Charitie5.' Statement of Recorntnended Practice applic3ble to charities preparing their account5 in accordance with the Fin3nci41 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. Objettlves and artivitles ThÈ charity'5 objÈcts are to promtrtÈ and protÈct the physical 3nd mental hÈalth of suffÈrÈrs of mental health problems in Norwich and the surrounding 3rea5. including but not exclusively by the provision of coun5elling, Cognitive behavioural ther3py ICBTI and other holistic therapies, such as gardening and there has been no change in these during the year. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit (Charities Act 20111 in deciding wh3t activitie5 the charity should undertake. Athlevements and performance Since its registration in May 2020, the charity has devised all required policies and procedures in line with BABCP and NICE guidelines. The charity has developed internal infrastructure 2nd governance, engaged accountants. advertised for, and hired. tlinical and non-tlinical Staff, held trustÈÈ mÈÈtings, devÈlopÈd a web51te Ènd made professional connèctions with othÈr rÈlÈvant resource5 in the local areas. All enhanced DBS chects are cornplete and on file. The charity has provided remote and face to face therapies, supervision of clinical stsff, remote 8ssessments, risk management, referral ro relev8nr psychiatric professionals for medication review etc.. outreach work, and provided support and treatment to isolated elderly people in local area. All listed services 8re on-going. Demand for Services is very high and the ch3ritV Is at full cap3Clty for individual tre3trnent at the time of writing thi5 report. The charity is running 3 he31thy retirement group. regul3r coffee mornings, 3nd outdoor therapeutic activitie5 Such a5 bird identification and herb gardening each month. The charity currently has roughly 100 service users including those receiving individual therapy, which is the maximum staff can accommodate. Trustees of Fig Branth tonfirm that thty havè given due tonsidÈration to the Charity Commission's published guidance on the Publit 8enÈfit requirÈmÈnt undÈrThe Charities Att 2011. Trustees confirm th3t the main activitie5 undertaken by the charity up to ye3r ending 30 June 2024 to further its purposes of promoting and protecting the mental health of mental health sufferers in Norfolk and the surrounding areas include. 4fv hours 0￿reath- contacting and building relationships with local services and GP surgÈries. older adult charities etc. provided outreach and 5UPPOrt work to the local older adult population. Including IT 5UPPOrt. deliverie5, and Psychological support visits (all in accordance with government guideline5 and with strict adherence to covid protocoll. èpprox. 40 hours ad hoc support given to individuals contacting the charity for advice. one-off support etc. provided individual Èssèssments. psythologit21 report writin8, Psythiatrit rÈfÈrrdls and liaison with othÈr profèssionals linked to service user care pl?ns. provision of weekly individual th£rapy for roushly 100 service users Isoine remote as appropriatel. approx. 70 hours of clinitsl supervision provided to therapists by senior clinicians at the charity, in line with BABCP requirÈtnÈnt5 and NICE guidÈlinÈs. all the charity servitr providers and staff have had annual performance reviews conducted by Rhena Branch and Jodie Paget (directors and clinical leads). The Board of Trustees set fees for various clinical services provided, based on current UK market value research. all required policie5 and procedure5 required by both the Charity Commission and NICE INational Institute of Clinical Excellence) have been devised and put in place. FIG BRANCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUIVE 2024 all staff have completed GDPR training and the charity induction, DBS check5 on file. successful Set up of the datè collection procedure5 and ensured compliance with se￿iCe user confident181ity protocols. devised and delivered group therapy progtsms and coffee mornings, holistit theTapeutit acti￿tIeS suth as gardening and bird identification. The charity achieved its objective5 as Outlined above. The charity will continue to provide both individual and group services and activities in 2024-25. The charity held a fundraising garden party in August 2023. Flnanclal revlew As shown In the statement of financial activities set out on p38e 5, the charr(y recognised a surplus of £61,96312023.. E24,1681. Funds held at the year-end totalled £530,81712023.. £468.8541. It is the policy of the charity that unrestricted funds which h8ve not been designèted for a specific use should be maintained 8t an adequate level to ensure they are able to continue in the charity's activities for the coming year. No reserves are held frotn tho initial 8rant. Trustees considor holding roservos unnece553ry Wlth the current funding Situation. further grant for 2024-25 ha5 been approved13nd accrued for) and will enable the charity to run for a further ye3r offering all activitie5 to rneet it5 purposes, aim5 and objectwe5 a5 Outlined in the governing docutnent. Trustees keep the reserve policy under review in line with Charity Commission guidance. Initial grant spent entirely on charitsble objectives, purposes and services for the public benefit. The trustees has assessed the major risks to whith the charity is exposed. and are satisfied that systems are in place to miti￿te Èxposure to thÈ major risks. ThÈ truste@5 identify no principal risks facing the charity at thè titnÈ of writing thi5 report. ThÈrÈ is a clÈÈr nèÈd for the servi￿5 charity provide5 and local 5UPPOrt for the charity 15 Strong. The charitable grant found3tion funding the charity 15 Cotnrnitted to its purposes. No fund5 are materially in deficit. Structurei governance and management Fig Branch is a Charitable Incorporated Organisation, registered with the Charity Commi55ion on 4 May 2020. Trustee5 have been recruited via a range of formal 8nd informal networks. Board of Trustees meetings take place a minimum of 4 times per year. The provisions for election of the Trustees is ourlined in the governing document. For thÈ yÈar Ènding 30 JunÈ 2024, JÈnny SingÈr ha5 bÈÈn Chair of thÈ Board of Tru5tÈÈs for tharity 1189312. All trustees have experience of trusteeship in other charities or of working within chzrities. The day to day running of the charity is undertaken by clini￿1 staff who 8re in regular communication with 8nd are accountable to the Chair and Board of Trustees. The Board of Trustees set fees for various clinical services provided based on current UK market value research. Clinical leads provided regular updates and monthly reports outlining the charitV'5 activities to the trustees was maintsined remotelv. The trustee5 who served during the year and up to the date of signature of the financial Statements were". Felix Branch Gordon Singer Jennifer Singer Michelle Gondola Sarah Rajani FIG BRANCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUIVE 2024 None of the trustee5 has any beneficial interest in the company. All of thÈ trustees are tnember5 of thÈ ctsmpany and guarantee to contribute £1 in the event of a winding up. The trusteès, report was approvÈd by the Board of TrustÈes. Jennifer Singer Tru5teÈ 11 Mar 2025 Dated.. FIG BRANCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIG BRANCH I report to the trustÈÈs on my examinÈtion of the financial statements of Fig Branch Ithe tharityl ftsr the year ended 30 June 2024. Responslbllltles and basls of report As thÈ trustÈÈs of thÈ charity you are rÈsponsiblÈ for the prÈparation of the financial statÈmÈnts in attordance with the requiretnent5 of the Ch4ritie5 Act 2011 (the 2011 Actl. I report in respect of my examination of the charity's financial statements tsrried out under section 145 of the 2011 Act. In tarrying out my examination I havÈ followÈd all thÈ applicable DirÈctions givèn by thÈ Charity Commission undÈr section 14515llbl of the 2011 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.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act," or the financial 5tstements do not accord with those record5,' or the financial 5tstements do not comply with the applicable requirement5 concerning the form and content of 3ccountS Set out in the Charitie5 (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a true and fairvipw whir.h iq ncjt 3 mattp.r c.on%idp.rpd a% part Cjf an indpppndp.nt pxaminaiinn. I have no contÈrns and havÈ tome atross no other mattÈrs in tonnection with the Èxamination to whith attÈntion should be ￿￿wn in this report in order to ènable a proper undÈtstanding of the finÈncial 5tatement5 to bè reached. Joel Court5 HW Fisher Professional Services Limited Acre House 11-15 William Road London NWI 3ER 11 Mar 2025 Dated.. FIG BRANCH STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EIVDED 30 JUIVE 2024 Unrestrfcted fund5 Unrestricted funds 2024 2023 Notes Intome from.. Donations ènd le8èCIèS 490,067 434,997 Ex ndlture on.. 428,104 410,829 Net Income for the year/ Net mo¥ement In funds 61.963 24,168 Fund balances at l July 2023 468,854 444,686 Fund balances at 30June 2024 530,817 468,854 The statement of financial activities includes all gains and 105se5 recogni5ed in the year. All income and expenditure derive from continuing activities. FIG BRANCH BALANCE SHEET AS AT 30 JUNE2024 1024 2023 Notes Flxed assets Tangible assets Current assets 4,376 6,729 Debtors Cash at bank and in hand 476,846 58,019 15,346 453.268 534,865 18,4241 468,614 16,4891 Credltors.. amounts falling due withln one year io Net current assets 526,441 462,125 Total assets less current Ilabllitles 530,817 468,854 Income fund5 Unre5trictÈd funds 530,817 468,854 530,817 468,854 11 Mar 2025 The financial ststements were approved by the Trustees on......................... Jennifer Singer TrustÈe FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUIVE 2024 A¢¢ountinB ptyll¢ie$ Charlty Informa￿On Fig Branch is a registered Charitable Incorpotsted Organisation ICIOI no.1189312. The registered address is Orchard House, MÈlton HOUSÈ, Melton ConstÈblÈ, Norfolk, NR24 2NL. 1.1 Accounting convention The financial statements have been prepared in accordance with the charitv's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charitie5-. Statement of Recommended Practice èpplicable to charitie5 preparing their accounts in accordance with the Financial ReportinB Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity ha5 tsken advantage of the provisions in the SORP for charitie5 applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial ststetnents are prepared in sterling. which 15 the functlOn31 curoncy of the charity. Monetsry arnount5 In these financial statements are rounded to the nearest £. ThÈ finantial statÈments have betn prÈparÈd under the historital cost tonvention. Thè principal atcountinB polities adopted are Set below. 1.2 Golng concem At the time of approving the financial 5tsternents, the trustees have 3 reasonable expectation that the charity has adequate resources to continue in operation31 existence for the foreseeable future. The grant for 2024-25 has been approved and the charity will be receivin8 the original gr3nt amount to continue running. The trustees have a reasonable expectation that further grants will be approved for the fo￿Seeable future. 1.3 Charitable funds UnrÈstrictÈd funds arÈ available for use at the discretion of thè trusteÈs in furtherancÈ of thèir charitablÈ objÈctWÈ5. Incomlng resourtes Income Is recognised when the charity Is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are ￿cOgniSed once the charity has been notified of the donation, unless performance conditions requi￿ deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Resources expended Liabilities are recognised as expenditure once there is a legal or constructive obligation committing the charity to that expènditure. it Is probable that settlèmènt will be requirÈd and the amount of the obli8ation can be mÈèsured reliably. All expenditure 15 3ccounted for on an accruals ba515, inclusive of value 3dded tax. All expenses, including support costs and governance costs, Zre allocated to the charitable activity in the statement of financial activities. FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 Actountln8 pollcles Icontlnuedl 1.6 Tangible fixed assets Tangible fixed 35sets are initially me35ured at C05t and 5ub5equently Tneasured 3t C05t or valuation, net of depreci3tion and any impairrNent1055es. Depreciation is recognised 50 as to write off the c05t or valuation of assets less their residual values over their useful lives on the following bases-. Plant and equipment Fixtures and fittines Computer5 5 years 4 years 3 year5 The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the ￿rryIng value of the asset, and is recoBnised in net income/lexpenditurel forthe year. 1.7 Cash and cash equlvalents Cash and cash equivalent5 include cash in hand. Fin)n¢ial instruments The tharity only has finantial assets Ènd financial liabilities of a kind that qualify as basit finantial instruments. BÈsit finantial instrumÈnts are initially rÈcogni5Èd at transattion vÈluÉ and sub5ÈquÈntly mÈÈsurÈd at thÈir 5ÈttlÈmÈnt value, with the exception of bank loan5 which are 5ub5equently tnÈa5ured at Èrnortised cost using the effective interest method. Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are retrived. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.10 Retirement benelit5 Payments to defined contribution pension schemes are charged as an expense as they fall due. Critical accounting estimates and judgement5 In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assÈts and liabilities that are not readily appÈrent from other sources. The È5timatÈs and a550ciated assumptions arÈ basÈd on historical ÈxperientÈ Ènd other fartors that arÈ considÈred to bÈ rÈlÈvant. Actual results may differ from these estimates. The estimate5 and underlying assumptions are reviewed on an ongoing basis. Fievisions to accounting estim8tes 8re recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and futurè periods where thè revision affÈcts both current and futurÈ periods. There werÈ no critical actounting Èstimates Ènd jud8ornents in the accounting period. FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 DoAatlon$ and lewles Unrestrlcted Unrestricted funds funds 2024 2023 Donations and gifts Grants received 25,067 465,000 4,997 430,OCM) 490,067 434,997 Charltsble actlvlties 2024 2023 StÈff costs Depreciation and impairment Hospital expenses Gardening thÈrapy tost Fient 276,988 8,133 272,717 6,323 5,355 3,473 38,979 18,828 5,875 867 4,186 40,912 2S,733 8,135 936 Psychiatry fÈÉs Insurance tost 365,023 352,417 Share of support costs15ee note 51 Share of governance costs Isee note 51 56,407 6,674 51,519 6,893 428,104 410,829 FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 Support ¢t>st$ Support ¢o#s GtyernaA¢e cost5 2024 Support costs Governance C05t5 2023 Telecommunication cost Post office cost 821 io 4,914 1,611 30,2 3,573 821 io 4,914 1,611 30,200 3,573 937 937 6,089 788 6,089 Website ènd brandinB cost OthÈr profe55ional fees Traveling expenses Marketin8 Expen5e5 Other expenses 30,2CAI 30,2Th) 13,876 13,876 11,785 11,785 Accountancy Le831 and professional 1,402 6,674 8,076 1.432 6,643 250 8,075 250 56,407 6,674 63,081 51,519 6,893 58,412 An31y5ed between Charitable activities 56,407 6,674 63,081 51,519 6,893 58,412 GovÈrn3ncÈ costs includÈ payments to the indÈpendÈnt examinÈr of £6,67412023.. £6,643) for indÈpÈndent Èxatnination feÈs. Trustees None of the trustees lor any pèrsons connected with them) retÉived any r*munÈration or benèfits from the charity during the turrÈnt or prior yÈ8r, èpart from thÈ trÈnsaction5 disc105ed in Note 12. Ernployee5 The 8ver88e monthly number of employees during the ye8r was.. 2024 Number 2023 Number Employment costs 2024 2023 Wa8Ès and salaries Social security costs Other pension cost5 250,000 26,988 249,780 22,717 220 276,988 272,717 10- FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 Employees Icontlnuedl The number of employees whose annual remuneration was £60,000 or more were.. 2024 2023 Number Number E90,000 to £IOO,O(MI £140,OCN) to £lSO,(NJO Tangible fixed asset5 PlantJTrd equipment FixturE5 and Computer5 Totsl Cost At l July 2023 Additions 2.151 250 17.495 995 4,559 4,535 24,205 5,780 At 30 June 2024 2.401 18.490 9.094 29,985 Depreciatlon and Impalrment At l July 2023 Depreciation charged in the ￿3￿ 1,290 11,760 4,622 4,426 3.031 17,476 8,133 At 30 June 2024 1,770 16,382 7,457 25,609 Carrylng amount At 30 June 2024 631 2.108 1.637 4,376 At 30 June 2023 861 5.735 133 6,729 Debtors 2024 2023 Amounts falling due within one year.. Other debtors Prepayments and accrued income 3,346 473,500 3,346 12,OCMI 476,846 15,346 io Credltors: amoums falllng due wlthln one year 2024 2023 Accrua15 and deferred incotne 8,424 6,489 FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 li Operating lease commitment$ At the reporting end date the charity had outstanding commitrnents for future tninitnum lease paytnents under non- cancellable operating leases, which fall due as follow5.. 2024 2023 Within one ye3r BÈtwÈÈn two Ènd fivÈ years 12,000 36,OLKI 12,ofM) 12.000 48,OCK> 12 Related party transathlons Gordon 8nd Jennifer Singer are trustees of the charity and paid grants during the year from the Gordon and Jenny Singer Foundation (US foundation), amounting to ENIl12023.. E820,OCKII. During the year Rhena Branch. mother of Felix Branch ITrusteel. receDied remuneration of £150,00012023.. £150.00018nd reimbursement of expenses amountin8 £1,91112023.. £Nill from the charity. 12- LE￿ER OF REPRESENTATION FIG BRANCH ORCHARD HOUSE, MELTON PARK, NORFOLK. NR24 2NL 11 Mar 2025 DATE Joel Courts HW Fisher Professional Services Limited Chartered AccoLJntants Acre House 11-15 William Road London NWI 3ER Your ref- JAC/SK/F159700 Dear Sirs FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 This representation letter is provided in connection with your independent examination of the financial statements of Fig Brènch for the year ended 30 June 2024. Finunciul Stotements HW Fisher Profe55ional Services Limited have drafted financial statements on our behall. Nonetheless, we acknowledge as trustees our responsibilities, as set out in the terms of your engagement dated 6 October 2021. under the Charities Act 2011, for preparing financial statements in actordanee with the Charities Act 2011 and United Kingdom AccoLJnting Standards (United Kingdom Generally Accepted Accounting Practice), which give a trLJe and fair view of the financial position of the charity as of 30 June 2024. of its incoming resources and application of resources, including its income and expenditure. for the year then ended and for making accurate representations to you. Significant assumptions used by us in making accounting estimates are reasonable. We have no plans or intentions that may materially alter the carrying value or classification of assets and liabilitie5 reflected in the financial 5tatetnentS. 4. We are not aware of any actual or possible litigation or claims whose effects should be considered when preparing the financial statements. Related party relationship5 and transaction5 have been appropriately accounted for and disc105ed and we are not aware of further related party matters that require disclosure. 6. All events since the balance sheet date which require disclosure or which would materially affect the amount5 in the financial Statements have been adjusted or included in the financial statements. 7. We confirm the financial statements are free of material misstatements, including omissions. We have corrected all misstatements in the financial statetnents. 8. We confirm that, having considered our expectations and intentions for the next twelve months, and the availability of workin8 capital, the charity is a goin8 concern. further confirm that, in the absence of significant doubts as to the charity's going concern status, no further disclosure is required in the accounting policie5 note to the financial 5tatement5 in order to explain our rea50n5 for considerin6 thèt the financial statements should be drawn up on a going concern basis. 9. We confirm that no serious incidents have been reported to the Charity Commission. Information provided 10. All accounting records and relevant Information have been made available tts you for the purpose of your independent examination. We have provided to you all other information requested and given unrestritted access to persons within the entity from whom you have deemed it necessary to request information. All other records and related information, including minutes ol all management, trustee and member meetings have been made available to you. 11. All transactions undertaken by the charity have been properly reflected in the accounting records and are reflected in the financial 5tatementS. 12. We acknowled8e our responsibility for the design. implementation and maintenance of controls to prevent and detect fraud. We have disclosed to you the re5uIt5 of our a55e55ment ol the risk that the financial statements may be materially misstated as a result of fraud. 13. We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involve5, management, employees who have a significant role in internal control, or others, where fraud could have a material effect on the financial statements. 14. We have disclosed to you all information in relation to allegations of fraud, or SLJspected fraud affecting the entity's financial statements communicated by employees, former employees, regulators or others. 15. We confirm that we are not aware of any possible or actual instance of noncompliance with those laws and regulations which provide a legal framework within which the charity operates and which COLJld affect the financial statements. The charity has complied with all aspects of contractual agreements, including in respect of the application of restricted funds, that could have a material effect on the financial statements in the event of non-compliance. 16. We confirm that we have disclosed toyou the identity of the entity's related partie5 and all related partv relationships and transactions relevant to the charity that we are aware of. 17. The charity has satisfactory title to all assets, and there 3re no liens or encumbrances on the assets except for those disclosed in the financial statements. 18. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements. 19. The charity has at no time during the year entered into any arrangement, transaction or agreement to provide credit facilitie5 (including loan5, qLJasi loans or credit transaction51 to tru5tee5, nor to guarantee or provide security for such matters We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of rnana8ement and staff with relevant knowledge and experience and. where appropriate. of inspection of supporting documentstion sufficient to satisfy ourselves that we can properly make each of the above representations to you. Yours faithfullv Signed on behalf of the board of trustees by.. Jennifer Singer Trustee Charity Registration No. 1189312 FIG BRANCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FIG BRANCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Felix Branth Gordon singer Jennifer Singer Michelle Gondola Sarah RÈiani Charlty number 1189312 Registered office Orchard House Melton Park Melton Con5table Norfolk NR24 2NL I[￿ePendent examiner Joel Courts HW Fisher Profe55ional Service5 Lirnited Acre House 11-15 William Road London NWI 3ER Bankers National Westminster Bank plt 250 Bi5hopsgate London EC2M 4AA FIG BRANCH CONTENTS Pa8e TrustÈes' rÈptsrt Independent exzrniner's report ststement of financial activities Balantr sheet Notes to the finÈntial statements 7-12 FIG BRANCH TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 ThÈ trusteÈs prÈ5ent thÈir report and financial 5tstetnents for the yÈar Ènded 30JunÈ 2024. The financial statements have been prepared in accordance with the 3ccountin8 policies set out In note I to the financial statements and tomply with thÈ tharity's governing document, the Charities Act 2011 and Actounting and Reporting bv Charitie5.' Statement of Recorntnended Practice applic3ble to charities preparing their account5 in accordance with the Fin3nci41 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. Objettlves and artivitles ThÈ charity'5 objÈcts are to promtrtÈ and protÈct the physical 3nd mental hÈalth of suffÈrÈrs of mental health problems in Norwich and the surrounding 3rea5. including but not exclusively by the provision of coun5elling, Cognitive behavioural ther3py ICBTI and other holistic therapies, such as gardening and there has been no change in these during the year. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit (Charities Act 20111 in deciding wh3t activitie5 the charity should undertake. Athlevements and performance Since its registration in May 2020, the charity has devised all required policies and procedures in line with BABCP and NICE guidelines. The charity has developed internal infrastructure 2nd governance, engaged accountants. advertised for, and hired. tlinical and non-tlinical Staff, held trustÈÈ mÈÈtings, devÈlopÈd a web51te Ènd made professional connèctions with othÈr rÈlÈvant resource5 in the local areas. All enhanced DBS chects are cornplete and on file. The charity has provided remote and face to face therapies, supervision of clinical stsff, remote 8ssessments, risk management, referral ro relev8nr psychiatric professionals for medication review etc.. outreach work, and provided support and treatment to isolated elderly people in local area. All listed services 8re on-going. Demand for Services is very high and the ch3ritV Is at full cap3Clty for individual tre3trnent at the time of writing thi5 report. The charity is running 3 he31thy retirement group. regul3r coffee mornings, 3nd outdoor therapeutic activitie5 Such a5 bird identification and herb gardening each month. The charity currently has roughly 100 service users including those receiving individual therapy, which is the maximum staff can accommodate. Trustees of Fig Branth tonfirm that thty havè given due tonsidÈration to the Charity Commission's published guidance on the Publit 8enÈfit requirÈmÈnt undÈrThe Charities Att 2011. Trustees confirm th3t the main activitie5 undertaken by the charity up to ye3r ending 30 June 2024 to further its purposes of promoting and protecting the mental health of mental health sufferers in Norfolk and the surrounding areas include. 4fv hours 0￿reath- contacting and building relationships with local services and GP surgÈries. older adult charities etc. provided outreach and 5UPPOrt work to the local older adult population. Including IT 5UPPOrt. deliverie5, and Psychological support visits (all in accordance with government guideline5 and with strict adherence to covid protocoll. èpprox. 40 hours ad hoc support given to individuals contacting the charity for advice. one-off support etc. provided individual Èssèssments. psythologit21 report writin8, Psythiatrit rÈfÈrrdls and liaison with othÈr profèssionals linked to service user care pl?ns. provision of weekly individual th£rapy for roushly 100 service users Isoine remote as appropriatel. approx. 70 hours of clinitsl supervision provided to therapists by senior clinicians at the charity, in line with BABCP requirÈtnÈnt5 and NICE guidÈlinÈs. all the charity servitr providers and staff have had annual performance reviews conducted by Rhena Branch and Jodie Paget (directors and clinical leads). The Board of Trustees set fees for various clinical services provided, based on current UK market value research. all required policie5 and procedure5 required by both the Charity Commission and NICE INational Institute of Clinical Excellence) have been devised and put in place. FIG BRANCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUIVE 2024 all staff have completed GDPR training and the charity induction, DBS check5 on file. successful Set up of the datè collection procedure5 and ensured compliance with se￿iCe user confident181ity protocols. devised and delivered group therapy progtsms and coffee mornings, holistit theTapeutit acti￿tIeS suth as gardening and bird identification. The charity achieved its objective5 as Outlined above. The charity will continue to provide both individual and group services and activities in 2024-25. The charity held a fundraising garden party in August 2023. Flnanclal revlew As shown In the statement of financial activities set out on p38e 5, the charr(y recognised a surplus of £61,96312023.. E24,1681. Funds held at the year-end totalled £530,81712023.. £468.8541. It is the policy of the charity that unrestricted funds which h8ve not been designèted for a specific use should be maintained 8t an adequate level to ensure they are able to continue in the charity's activities for the coming year. No reserves are held frotn tho initial 8rant. Trustees considor holding roservos unnece553ry Wlth the current funding Situation. further grant for 2024-25 ha5 been approved13nd accrued for) and will enable the charity to run for a further ye3r offering all activitie5 to rneet it5 purposes, aim5 and objectwe5 a5 Outlined in the governing docutnent. Trustees keep the reserve policy under review in line with Charity Commission guidance. Initial grant spent entirely on charitsble objectives, purposes and services for the public benefit. The trustees has assessed the major risks to whith the charity is exposed. and are satisfied that systems are in place to miti￿te Èxposure to thÈ major risks. ThÈ truste@5 identify no principal risks facing the charity at thè titnÈ of writing thi5 report. ThÈrÈ is a clÈÈr nèÈd for the servi￿5 charity provide5 and local 5UPPOrt for the charity 15 Strong. The charitable grant found3tion funding the charity 15 Cotnrnitted to its purposes. No fund5 are materially in deficit. Structurei governance and management Fig Branch is a Charitable Incorporated Organisation, registered with the Charity Commi55ion on 4 May 2020. Trustee5 have been recruited via a range of formal 8nd informal networks. Board of Trustees meetings take place a minimum of 4 times per year. The provisions for election of the Trustees is ourlined in the governing document. For thÈ yÈar Ènding 30 JunÈ 2024, JÈnny SingÈr ha5 bÈÈn Chair of thÈ Board of Tru5tÈÈs for tharity 1189312. All trustees have experience of trusteeship in other charities or of working within chzrities. The day to day running of the charity is undertaken by clini￿1 staff who 8re in regular communication with 8nd are accountable to the Chair and Board of Trustees. The Board of Trustees set fees for various clinical services provided based on current UK market value research. Clinical leads provided regular updates and monthly reports outlining the charitV'5 activities to the trustees was maintsined remotelv. The trustee5 who served during the year and up to the date of signature of the financial Statements were". Felix Branch Gordon Singer Jennifer Singer Michelle Gondola Sarah Rajani FIG BRANCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUIVE 2024 None of the trustee5 has any beneficial interest in the company. All of thÈ trustees are tnember5 of thÈ ctsmpany and guarantee to contribute £1 in the event of a winding up. The trusteès, report was approvÈd by the Board of TrustÈes. Jennifer Singer Tru5teÈ 11 Mar 2025 Dated.. FIG BRANCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIG BRANCH I report to the trustÈÈs on my examinÈtion of the financial statements of Fig Branch Ithe tharityl ftsr the year ended 30 June 2024. Responslbllltles and basls of report As thÈ trustÈÈs of thÈ charity you are rÈsponsiblÈ for the prÈparation of the financial statÈmÈnts in attordance with the requiretnent5 of the Ch4ritie5 Act 2011 (the 2011 Actl. I report in respect of my examination of the charity's financial statements tsrried out under section 145 of the 2011 Act. In tarrying out my examination I havÈ followÈd all thÈ applicable DirÈctions givèn by thÈ Charity Commission undÈr section 14515llbl of the 2011 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.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act," or the financial 5tstements do not accord with those record5,' or the financial 5tstements do not comply with the applicable requirement5 concerning the form and content of 3ccountS Set out in the Charitie5 (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a true and fairvipw whir.h iq ncjt 3 mattp.r c.on%idp.rpd a% part Cjf an indpppndp.nt pxaminaiinn. I have no contÈrns and havÈ tome atross no other mattÈrs in tonnection with the Èxamination to whith attÈntion should be ￿￿wn in this report in order to ènable a proper undÈtstanding of the finÈncial 5tatement5 to bè reached. Joel Court5 HW Fisher Professional Services Limited Acre House 11-15 William Road London NWI 3ER 11 Mar 2025 Dated.. FIG BRANCH STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EIVDED 30 JUIVE 2024 Unrestrfcted fund5 Unrestricted funds 2024 2023 Notes Intome from.. Donations ènd le8èCIèS 490,067 434,997 Ex ndlture on.. 428,104 410,829 Net Income for the year/ Net mo¥ement In funds 61.963 24,168 Fund balances at l July 2023 468,854 444,686 Fund balances at 30June 2024 530,817 468,854 The statement of financial activities includes all gains and 105se5 recogni5ed in the year. All income and expenditure derive from continuing activities. FIG BRANCH BALANCE SHEET AS AT 30 JUNE2024 1024 2023 Notes Flxed assets Tangible assets Current assets 4,376 6,729 Debtors Cash at bank and in hand 476,846 58,019 15,346 453.268 534,865 18,4241 468,614 16,4891 Credltors.. amounts falling due withln one year io Net current assets 526,441 462,125 Total assets less current Ilabllitles 530,817 468,854 Income fund5 Unre5trictÈd funds 530,817 468,854 530,817 468,854 11 Mar 2025 The financial ststements were approved by the Trustees on......................... Jennifer Singer TrustÈe FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUIVE 2024 A¢¢ountinB ptyll¢ie$ Charlty Informa￿On Fig Branch is a registered Charitable Incorpotsted Organisation ICIOI no.1189312. The registered address is Orchard House, MÈlton HOUSÈ, Melton ConstÈblÈ, Norfolk, NR24 2NL. 1.1 Accounting convention The financial statements have been prepared in accordance with the charitv's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charitie5-. Statement of Recommended Practice èpplicable to charitie5 preparing their accounts in accordance with the Financial ReportinB Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity ha5 tsken advantage of the provisions in the SORP for charitie5 applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial ststetnents are prepared in sterling. which 15 the functlOn31 curoncy of the charity. Monetsry arnount5 In these financial statements are rounded to the nearest £. ThÈ finantial statÈments have betn prÈparÈd under the historital cost tonvention. Thè principal atcountinB polities adopted are Set below. 1.2 Golng concem At the time of approving the financial 5tsternents, the trustees have 3 reasonable expectation that the charity has adequate resources to continue in operation31 existence for the foreseeable future. The grant for 2024-25 has been approved and the charity will be receivin8 the original gr3nt amount to continue running. The trustees have a reasonable expectation that further grants will be approved for the fo￿Seeable future. 1.3 Charitable funds UnrÈstrictÈd funds arÈ available for use at the discretion of thè trusteÈs in furtherancÈ of thèir charitablÈ objÈctWÈ5. Incomlng resourtes Income Is recognised when the charity Is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are ￿cOgniSed once the charity has been notified of the donation, unless performance conditions requi￿ deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Resources expended Liabilities are recognised as expenditure once there is a legal or constructive obligation committing the charity to that expènditure. it Is probable that settlèmènt will be requirÈd and the amount of the obli8ation can be mÈèsured reliably. All expenditure 15 3ccounted for on an accruals ba515, inclusive of value 3dded tax. All expenses, including support costs and governance costs, Zre allocated to the charitable activity in the statement of financial activities. FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 Actountln8 pollcles Icontlnuedl 1.6 Tangible fixed assets Tangible fixed 35sets are initially me35ured at C05t and 5ub5equently Tneasured 3t C05t or valuation, net of depreci3tion and any impairrNent1055es. Depreciation is recognised 50 as to write off the c05t or valuation of assets less their residual values over their useful lives on the following bases-. Plant and equipment Fixtures and fittines Computer5 5 years 4 years 3 year5 The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the ￿rryIng value of the asset, and is recoBnised in net income/lexpenditurel forthe year. 1.7 Cash and cash equlvalents Cash and cash equivalent5 include cash in hand. Fin)n¢ial instruments The tharity only has finantial assets Ènd financial liabilities of a kind that qualify as basit finantial instruments. BÈsit finantial instrumÈnts are initially rÈcogni5Èd at transattion vÈluÉ and sub5ÈquÈntly mÈÈsurÈd at thÈir 5ÈttlÈmÈnt value, with the exception of bank loan5 which are 5ub5equently tnÈa5ured at Èrnortised cost using the effective interest method. Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are retrived. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.10 Retirement benelit5 Payments to defined contribution pension schemes are charged as an expense as they fall due. Critical accounting estimates and judgement5 In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assÈts and liabilities that are not readily appÈrent from other sources. The È5timatÈs and a550ciated assumptions arÈ basÈd on historical ÈxperientÈ Ènd other fartors that arÈ considÈred to bÈ rÈlÈvant. Actual results may differ from these estimates. The estimate5 and underlying assumptions are reviewed on an ongoing basis. Fievisions to accounting estim8tes 8re recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and futurè periods where thè revision affÈcts both current and futurÈ periods. There werÈ no critical actounting Èstimates Ènd jud8ornents in the accounting period. FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 DoAatlon$ and lewles Unrestrlcted Unrestricted funds funds 2024 2023 Donations and gifts Grants received 25,067 465,000 4,997 430,OCM) 490,067 434,997 Charltsble actlvlties 2024 2023 StÈff costs Depreciation and impairment Hospital expenses Gardening thÈrapy tost Fient 276,988 8,133 272,717 6,323 5,355 3,473 38,979 18,828 5,875 867 4,186 40,912 2S,733 8,135 936 Psychiatry fÈÉs Insurance tost 365,023 352,417 Share of support costs15ee note 51 Share of governance costs Isee note 51 56,407 6,674 51,519 6,893 428,104 410,829 FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 Support ¢t>st$ Support ¢o#s GtyernaA¢e cost5 2024 Support costs Governance C05t5 2023 Telecommunication cost Post office cost 821 io 4,914 1,611 30,2 3,573 821 io 4,914 1,611 30,200 3,573 937 937 6,089 788 6,089 Website ènd brandinB cost OthÈr profe55ional fees Traveling expenses Marketin8 Expen5e5 Other expenses 30,2CAI 30,2Th) 13,876 13,876 11,785 11,785 Accountancy Le831 and professional 1,402 6,674 8,076 1.432 6,643 250 8,075 250 56,407 6,674 63,081 51,519 6,893 58,412 An31y5ed between Charitable activities 56,407 6,674 63,081 51,519 6,893 58,412 GovÈrn3ncÈ costs includÈ payments to the indÈpendÈnt examinÈr of £6,67412023.. £6,643) for indÈpÈndent Èxatnination feÈs. Trustees None of the trustees lor any pèrsons connected with them) retÉived any r*munÈration or benèfits from the charity during the turrÈnt or prior yÈ8r, èpart from thÈ trÈnsaction5 disc105ed in Note 12. Ernployee5 The 8ver88e monthly number of employees during the ye8r was.. 2024 Number 2023 Number Employment costs 2024 2023 Wa8Ès and salaries Social security costs Other pension cost5 250,000 26,988 249,780 22,717 220 276,988 272,717 10- FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 Employees Icontlnuedl The number of employees whose annual remuneration was £60,000 or more were.. 2024 2023 Number Number E90,000 to £IOO,O(MI £140,OCN) to £lSO,(NJO Tangible fixed asset5 PlantJTrd equipment FixturE5 and Computer5 Totsl Cost At l July 2023 Additions 2.151 250 17.495 995 4,559 4,535 24,205 5,780 At 30 June 2024 2.401 18.490 9.094 29,985 Depreciatlon and Impalrment At l July 2023 Depreciation charged in the ￿3￿ 1,290 11,760 4,622 4,426 3.031 17,476 8,133 At 30 June 2024 1,770 16,382 7,457 25,609 Carrylng amount At 30 June 2024 631 2.108 1.637 4,376 At 30 June 2023 861 5.735 133 6,729 Debtors 2024 2023 Amounts falling due within one year.. Other debtors Prepayments and accrued income 3,346 473,500 3,346 12,OCMI 476,846 15,346 io Credltors: amoums falllng due wlthln one year 2024 2023 Accrua15 and deferred incotne 8,424 6,489 FIG BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2024 li Operating lease commitment$ At the reporting end date the charity had outstanding commitrnents for future tninitnum lease paytnents under non- cancellable operating leases, which fall due as follow5.. 2024 2023 Within one ye3r BÈtwÈÈn two Ènd fivÈ years 12,000 36,OLKI 12,ofM) 12.000 48,OCK> 12 Related party transathlons Gordon 8nd Jennifer Singer are trustees of the charity and paid grants during the year from the Gordon and Jenny Singer Foundation (US foundation), amounting to ENIl12023.. E820,OCKII. During the year Rhena Branch. mother of Felix Branch ITrusteel. receDied remuneration of £150,00012023.. £150.00018nd reimbursement of expenses amountin8 £1,91112023.. £Nill from the charity. 12-