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2022-12-31-accounts

Charity Registration in England and Wales No. 1190040

WELLBEING ECONOMY ALLIANCE

(A CHARITABLE INCORPORATED ORGANISATION) UNAUDITED TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS

Page
Legal and Administrative Information 1
Trustees' Report 2 - 3
Independent Examiner's report 4
Statement of Financial Activities 5
Balance Sheet 6
Statement of Cash Flows 7
Notes to the Accounts 8 - 12

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Yolanda Kakabadsi (left board June 2022)
Kate Pickett
Pedro Tarak
George Stewart Wallis (Chair)
Development Lead Michael Weatherhead
Registered Office Brakebrook
Parracombe
Barnstaple
EX31 4RG
Independent Examiner C J R Chapman FCCA
McPhersons Walpole Harding
Chartered Certified Accountants
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
Bankers Triodos Bank UK Ltd
Deanery Road
Bristol
BS1 5AS
Solicitors Blandy & Blandy
One Friar Street
Reading
RG1 1DA

1

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees of Wellbeing Economy Alliance are pleased to report on the Accounts and Activities of the organisation for 2022 as follows:

Public Benefit Statement

The CIO’s objectives are both to promote sustainable development as well as to advance the education of the public in subjects relating to sustainable development. In setting our objectives and planning our objectives, our trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

Risk Statement

The trustees, Global Council and Amp team collectively review the health of the organisation and any associated risks at every quarterly board meeting. As a relatively young organisation, the main risks considered to date are around funding sources but also extend to the wellbeing and workload of the Amp team.

Reserves Policy

WEAll’s aim is to maintain 25% i.e. 3 months of the annual salary bill for the Amp team as reserves.

Structure, Governance & Management

WEAll currently has three trustees. They are the legal stewards of the CIO. They work together with the Global Council – a representative sample of the WEAll membership – on the overall strategy and oversight of WEAll. The management of the organisation is the responsibility of the Amp team – the core team delivering in partnership with hubs, members and others the narratives, knowledge and powerbases work of the organisation.

Policy for the appointment and continuance of Trustees

Our constitution lays out the details for the appointment and continuance of trustees. The term for new trustees is three years. The current approach to recruitment of new trustees is a careful consideration of candidates against a set of criteria related to their skills, knowledge and experience in relation to the effective administration of WEAll. A candidate will be interviewed by the chair plus another trustee and if the interview goes well, will be invited onto the next trustee call and if that goes well, will officially join the board.

Financial Review

In 2022 WEAll’s revenues amounted to £822,445 (2021 £625,288), representing a 32% increase on the previous year. Expenditures in 2022 amounted to £767,283 (2021 £560,512), an increase of 37%. A surplus of £267,157 was carried over into 2023 (2022 £211,995). Of this surplus, £129,892 was Restricted funding earmarked for work in one of WEAll’s strategic areas, the balance of £137,266 was Unrestricted. Of the Unrestricted funding carried over to 2023, £137,266 was held back as reserves.

continued…

2

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and Performance

During 2022 WEAll has achieved much. It has:

Approved by order of the board of trustees on 26 July 2023 and signed on its behalf by:

George Stewart Wallis Chair of Trustees

3

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS OF THE WELLBEING ECONOMY ALLIANCE

I report to the charity trustees on my examination of the accounts of Wellbeing Economy Alliance (the CIO) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the CIO's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr C J R Chapman, FCCA McPhersons Walpole Harding Chartered Certified Accountants Telecom House 125-135 Preston Road Brighton East Sussex BN1 6AF 22 Aug 2023 Date:

4

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Incoming resources
Voluntary income
2
Charitable activities
3
Other income
4
Total Incoming resources
Resources expended
Raising funds
Charitable activities
6 - 10
Total resources expended
Net movement in funds
14
Fund balances at 31 December 2021
Fund Transfers
14, 15
Fund balances at 31 December 2022		 Unrestricted
Restricted
Total
funds
funds
£
£
£
4,339
-
4,339
169,189
648,917
818,106
-
-
-
173,528
648,917
822,445
-
-
-
219,028
548,255
767,283
219,028
548,255
767,283
(45,500)
100,662
55,162
182,766
29,229
211,995
-
-
-
137,266
129,891
267,157
2022		 2021
Total
£
12,613
612,229
446
625,288
-
560,512
560,512
64,776
147,219
-
211,995

All income and expenditure derive from continuing activities. The Statement of Financial Activities includes all gains and losses recognised during the year.

5

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
Fixed assets
11
Current assets
Debtors
12
Cash at bank and in hand
Liabilities
Creditors falling due within one year
13
Net current assets
Net assets
Funds brought forward
14
Surplus/(Loss) for the year
Fund Transfers
14, 15
Funds of the charity		 Unrestricted
Restricted
Total
funds
funds
£
£
£
645
-
645
183
-
183
232,611
510,275
742,886
232,794
510,275
743,069
(96,173)
(380,384)
(476,557)
136,621
129,891
266,512
137,266
129,891
267,157
182,766
29,229
211,995
(45,500)
100,662
55,162
-
-
-
137,266
129,891
267,157
2022		 2021
Total
£
-
5,499
301,945
307,444
(95,449)
211,995
211,995
147,219
64,776
-
211,995

The trustees are satisfied that the CIO is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the preparation of the unaudited Accounts for the period by virtue of section 477 (2), and that no member or members have requested an audit pursuant to section 476 (1) of the Act.

The trustees acknowledge their responsibilities for:

(i) ensuring that the CIO keeps adequate accounting records which comply with section 386 of the Act, and (ii) preparing unaudited accounts which give a true and fair view of the state of affairs of theCIO as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to the unaudited financial statements, so far as applicable to the CIO.

These accounts have been prepared with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006.

The accounts were approved by the Board on 26 July 2023

George Stewart Wallis Chair of Trustees

6

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

Cashflows from Operating Activities
Net Cash provided by Operating Activities
Cashflows from Investing Activities
Investment Income
Purchase of property, plant and equipment
Net Cash provided by Investing Activities
Net Change in cash and cash equivalents in the period
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
Notes to Cashflow Statement
Reconciliation of net income to net cash flows from operating activities
Net income for the reporting period
Less investment income:
Adjustments for:
Depreciation
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand and at bank
Total cash and cash equivalents		 2022
£
441,830
-
(889)
(889)
440,941
301,945
742,886
55,162
-
244
5,316
381,108
441,830
742,886
742,886		 2021
£
147,895
446
-
446
148,341
153,604
301,945
64,776
(446)
-
(5,499)
89,064
147,895
301,945
301,945

7

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

Company status

The Wellbeing Economy Alliance is a Charitable Incorporated Organisation and has no share capital. The liability of each member does not exceed £10. It is registered by the Charity Commission of England and Wales (registration No.1190040). Its registered address is Brakebrook, Parracombe, Barnstaple EX31 4RG.

Note

1 Accounting policies

1.1 Basis of preparation

The Wellbeing Economy Alliance 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. These accounts have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity. Balances within the accounts have been rounded to the nearest £1. The accounts are prepared under the historical cost convention, in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. In preparing the accounts, the Trustees have assessed the CIO's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and have used the going concern basis of accounting.

1.2 Fund accounting

The CIO's accounts are defined as follows:

Unrestricted Funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Trustees in furtherance of the general charitable objectives. Restricted Funds are funds subject to specific restricted conditions imposed by the donors.

1.3 Incoming resources

All incoming resources are accounted for when the CIO has entitlement, there is certainty of receipt and the amount is measurable. Income is deferred when it is in respect of work to be carried out in the following year.

Voluntary income comprises all incoming resources from donations and gift aid. Charitable activities comprises incoming resources from grants and charitable trading. Investment income is bank interest accounted for on a receivable basis. Other income comprises income from non-charitable trading.

1.4 Resources expended

Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grant are recognised as services are supplied. Costs of generating funds are those costs incurred in attracting voluntary income. Charitable activities comprise those costs incurred by the CIO 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.

1.5 Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.

Computer equipment is depreciated over its expected useful life of three years, on a straight-line basis.

WEAll does not at present own any Intangible Assets.

8

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

Note

1.6 Debtors, Cash and Creditors

Debtors - short term debtors are measured at transaction price. Cash and cash equivalents - comprise cash at bank and in hand. Creditors - short term creditors are measured at the transaction price.

1.7 Reserves policy

The Trustees take the view that a reserve should be held sufficient to pay three months' salaries and oncosts for all staff plus liabilities to freelance contractors in the event the charity has to wind up. Based on WEAll's head count and freelancer liabilities in the year ended 31 December 2022, this means a figure of £138k would ideally be held in Reserve. The Reserve stood at £137,266 at 1 January 2022.

1.8 VAT

Income and expenditure is stated gross of VAT as it is not recoverable. WEAll is not registered for VAT.

1.9 Independent Examination

The Independent Examiner's remuneration for 2022 was £600 (2021 £600).

2 Voluntary income

2 Voluntary income
2022 2021
Unrestricted Restricted Total Total
funds funds
£ £ £ £
Donations 4,339 - 4,339 12,613
Total Voluntary Income 4,339 - 4,339 12,613
3 Incoming resources from charitable activities
2022 2021
Unrestricted Restricted Total Total
funds funds
£ £ £ £
Grants 166,215 644,997 811,212 587,733
Charitable Activity income 2,974 3,920 6,894 24,496
Total Charitable Activity resources 169,189 648,917 818,106 612,229
Grants £
One Project 381,563 (of which £81,086 deferred)
Angela Bennett Foundation 214,500 (of which £20,000 deferred)
RWJF 379,748 (of which £263,231 deferred)
Omidyar 104,558 (all deferred)
Bosch Foundation 67,798 (plus £83,583 deferred from previous year)
Partners for a New Economy 48,337
Total Cash Income from Grants 1,196,504
Add Deferrals from the previous year 83,583
Less Deferrals to the following year (468,875)
Net Grant Income 811,212

9

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

Note

4 Other Income

Investment Income
Total Other Income		 Unrestricted
Restricted
Total
funds
funds
£
£
£
-
-
-
-
-
-
2022		 2021
Total
£
446
446

5

Grant-Making Activities

Wellbeing Economy Alliance is not a grant-making organisation and during the year ended 31 December 2022 made no grants to institutions or individuals (2021 £nil).

6 Cost of charitable activities

Employed and Freelance Staff Cost
Projects Expenditure
Office and Support Overheads		 Unrestricted
Restricted
Total
funds
funds
£
£
£
144,881
523,127
668,008
-
-
-
74,147
25,128
99,275
219,028
548,255
767,283
2022		 2021
Total
£
474,232
26,817
59,463
560,512

7 Number of employees

The average number of employees in the year ended 31 December 2022 was 2 (2021 2).

8 Employment Costs

Wages and Salaries
Social Security
Employers Pension Costs
Employment Allowance Recovered		 2022
95,761
11,287
4,788
(5,000)
106,836		 2021
86,622
9,517
4,331
(5,929)
94,541

9

Key Personnel

The number of employees whose benefits (excluding employer pension costs) exceeded £60,000 in the year ended 31 December 2022 was nil (2021 nil).

The Development Lead is considered to be the key management person of the charity. The post was held throughout 2022 by Michael Weatherhead. The total paid to the Organisation and Project Lead during the year was £67,599 (2021 £63,033) including Employer's NIC and Employers Pension contributions.

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Trustees' reimbursed expenses were £755 (2021 £nil).

10

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

Note

11 Tangible Fixed Assets

£

Cost

Brought forward at 1 January 2022
Additions
Carried forward at 31 December 2022		 -
889
889

Depreciation

Brought forward at 1 January 2022
Charge for year
Carried forward at 31 December 2022		 -
244
244

Net Book Value

12 Debtors

Unrestricted
Restricted
Total
funds
funds
£
£
£
Trade Debtors
-
-
-
Accrued Income
-
-
-
Prepayments
183
-
183
183
-
183
13
Creditors: amount falling due within one year
Unrestricted
Restricted
Total
funds
funds
£
£
£
Trade Creditors
1,102
2,500
3,602
Deferred Income
90,991
377,884
468,875
Payroll Liabilities
2,980
-
2,980
Accruals
1,100
-
1,100
96,173
380,384
476,557
14
Movement in funds
At start of
Incoming
Outgoing
Fund
the year
Resources
Resources
Transfers
Restricted funds
Digital Integration Project
-
86,000
46,500
-
Global Wellbeing Economy
-
30,025
-
-
Hub Expansion & Development
7,790
3,323
11,113
-
New Zealand Hub Developmen
-
99,000
54,550
-
Movements Project
-
68,000
65,643
-
PDG Project
21,439
244,558
265,997
-
US Project
-
106,183
92,624
-
Public Opinion
-
11,828
11,828
-
Total Restricted Funds
29,229
648,917
548,255
-
2022
2022		 2021
Total
£
-
-
5,499
5,499
2021
Total
£
855
83,583
3,069
7,942
95,449
At end of
the year
39,500
30,025
-
44,450
2,357
-
13,559
-
129,891

11

WELLBEING ECONOMY ALLIANCE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

Note

14
Movement in funds
(continued)
Unrestricted funds
Overheads
Programmes Unrestricted
Charitable Activity
Core
Reserves
Total Unrestricted Funds
Total Funds		 At start of
Incoming
Outgoing
Fund
the year
Resources
Resources
Transfers
-
-
-
-
38,491
-
-
(38,491)
4,195
-
-
(4,195)
2,814
173,528
219,028
42,686
137,266
-
-
-
182,766
173,528
219,028
-
211,995
822,445
767,283
-		 At end of
the year
-
-
-
-
137,266
137,266
267,157

15 Transfer of funds

There were no transfers between Restricted Funds and Unrestricted Funds during the year.

16 Restricted projects:

Digital Integration Project: In an attempt to improve the connectivity of WEAll's members, this project reexamines the different software platforms and tools we use to connect members and proposes a new solution that encourages greater connectivity of the membership.

Global Wellbeing Economy: This project will re-examine the global economic architecture, propose new formulations of the current institutions that administer the architecture and collaboratively advocate for changes

Hub Expansion and Development : Expansion of the number of hubs WEAll is establishing in different territories around the world. Tied to this goal is the expansion in the number of members in those territories

New Zealand Hub Development: This project is to support the creation of a fully independent WEAll hub in New Zealand to bring stakeholders together to determine what a Wellbeing Economy in New Zealand looks like, and advocate for such a vision

Movements Project: This project aims to connect to climate change, biodiversity and social justice movements and work with them to adopt economic systems changes messaging

PDG Project : Piloting of WEAll’s policy design guide with four of our hubs – Scotland, New Zealand,

California and Canada

US Project: This project will look to connect the gloal WEAll membership with organisations and movements already active in the economic systems change space in the US

Public Opinion: Using the interest generated by the CommonGround music festival to further build the idea of a Wellbeing Economy in the mind of the general public

12

Issuer

Issuer McPhersons Walpole Harding Document generated Thu, 17th Aug 2023 10:36:42 UTC Document fingerprint 6c60fcae888fd113e3de91eb14ee10d2

Parties involved with this document

Document processed

Party + Fingerprint

Mon, 21st Aug 2023 17:08:31 UTC Tue, 22nd Aug 2023 9:44:59 UTC Tue, 22nd Aug 2023 9:44:59 UTC

Mr George James Stewart Wallis - Signer (8db65140aa3ae7c1c554c78a009f9040) Chris Chapman - Signer (03d4c3ef2771c0bc8b6348cfffaf33e1) Mr Michael Weatherhead - Copied In (bc3ed607a3f8eb009e5f90f2879db62a)

Audit history log

Date

Action

Tue, 22nd Aug 2023 9:45:00 UTC Tue, 22nd Aug 2023 9:45:00 UTC Tue, 22nd Aug 2023 9:44:59 UTC Tue, 22nd Aug 2023 9:44:59 UTC Tue, 22nd Aug 2023 9:44:59 UTC Tue, 22nd Aug 2023 9:42:36 UTC Mon, 21st Aug 2023 17:08:32 UTC Mon, 21st Aug 2023 17:08:32 UTC Mon, 21st Aug 2023 17:08:31 UTC Mon, 21st Aug 2023 17:08:31 UTC Mon, 21st Aug 2023 16:58:43 UTC Sun, 20th Aug 2023 10:37:06 UTC Sun, 20th Aug 2023 10:37:05 UTC Thu, 17th Aug 2023 10:36:52 UTC Thu, 17th Aug 2023 10:36:44 UTC Thu, 17th Aug 2023 10:36:44 UTC

Document emailed to party email (13.40.64.102) Chris Chapman viewed the envelope. (31.94.4.226) This envelope has been signed by all parties (31.94.4.226) Sent the envelope to Mr Michael Weatherhead for signing (31.94.4.226) Chris Chapman signed the envelope (31.94.4.226) Chris Chapman viewed the envelope. (31.94.4.226) Mr George James Stewart Wallis viewed the envelope. (31.94.3.185) Document emailed to party email (35.178.188.68) Sent the envelope to Chris Chapman for signing (31.94.3.185) Mr George James Stewart Wallis signed the envelope (31.94.3.185) Mr George James Stewart Wallis viewed the envelope. (31.94.3.185) Document emailed to party email (35.178.45.149) Sent Mr George James Stewart Wallis a reminder to sign the document. () Document emailed to party email (52.56.136.83) Sent the envelope to Mr George James Stewart Wallis for signing. (18.130.136.231) Envelope has been set to automatically remind the active signer every 3 day(s). (18.130.136.231)

Thu, 17th Aug 2023 10:36:44 UTC

Mr Michael Weatherhead has been assigned to this envelope.

(18.130.136.231) Thu, 17th Aug 2023 10:36:44 UTC Chris Chapman has been assigned to this envelope. (18.130.136.231) Thu, 17th Aug 2023 10:36:44 UTC Mr George James Stewart Wallis has been assigned to this envelope. (18.130.136.231) Thu, 17th Aug 2023 10:36:44 UTC Envelope generated. (18.130.136.231) Thu, 17th Aug 2023 10:36:44 UTC Document generated with fingerprint 6c60fcae888fd113e3de91eb14ee10d2. (18.130.136.231) Thu, 17th Aug 2023 10:36:44 UTC Document generated with fingerprint 742ed5ac127344f163b54d3af3a8ee24. (18.130.136.231) Thu, 17th Aug 2023 10:36:42 UTC Envelope generated with fingerprint f062382bd847f6e5cbbc98bdbb74894e (18.133.63.166)