WAVE FORWARD For Y6Fb. For M6rtJJ h6AHtrL For th6 fufrur6. ANNUAL REPORT + ACCOUNTS IOll/ii
Wave Forward Report of the Trustees For the year ended 31st December 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ending 31st December 2022. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES Objectives of the Organisation
The principal objective of the organisation, as set out in its Governing Document, is :
For the public benefit to promote, protect, and relieve the mental health of children and young people living in the district of South Lakeland and the surrounding area.
The organisation was formed in 2020 and pursues its objectives of working with young people, their parents and carers, and partner organisations (including schools, charities and public sector organisations) to run campaigns and events to raise awareness and understanding of mental health and promote wellbeing, to deliver programmes that enable young people to care for themselves and others, and to provide therapeutic support for those who need it. There were no changes in the period in the policies adopted by the company to further its objectives.
Governance and Management of the Organisation
The organisation is registered as a Charitable Incorporated Organisation The organisation is governed by its Board of Trustees, consisting of not less than 3 members, which meets at least 12 times per year (both in-person and via video call). The activities of the organisation (in furtherance of its objective) are delivered by a team of staff, freelance contractors, and volunteers, and through agreements with partner organisations.
Wave Forward Report of the Trustees Continued For the year ended 31st December 2022
FINANCIAL REVIEW
Review of financial position
The financial results for the period are as set out in the income and expenditure account on page 5 and the detailed statement of income and expenditure on page 11. The position at the end of the period is shown in the balance sheet on page 6.
Future plans and commitments
The finances of the organisation are considered by the Trustees to be sufficient to meet all existing commitments.
Connected charities
The charity is not connected with, or affiliated to, any similar charities.
Reserves.
At the end of each financial year, any surplus unrestricted funding is transferred into the reserves of the organisation with the aim of setting aside the equivalent of three months average turnover to cover any unforeseen costs and ensure financial sustainability. Once the reserves target is achieved, any further surplus will be designated and used by the trustees to invest in the further achievement of the objective of the organisation.
Wave Forward Report of the Trustees Continued For the year ended 31st December 2022
Recruitment and appointment of trustees Appointment of trustees
Trustees are recruited through an open and transparent process to ensure that the board has the range of skills and experience needed to successfully achieve our objective and deliver our strategy business plan. Trustees will periodically undertake a skills audit and use this information to recruit further trustees and ensure the organisation has a diverse board of between 7 and 9 individuals.
Trustees' responsibilities
The trustees are required to prepare accounts which give a true and fair view of the financial position of the organisation at the end of each financial year.
In preparing the accounts the trustees are required to:
a) select suitable accounting policies and then apply them consistently.
b) make judgements and estimates that are reasonable and prudent.
c) follow applicable accounting standards, subject to any material departures disclosed and explained in
the accounts.
d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with all relevant legislation. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Wave Forward Report of the Trustees Continued For the year ended 31st December 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity: Wave Forward
Charity registration number: 1191038
Principal address: Casterton Suite, Clawthorpe Hall Business Centre, Burton in Kendal, Carnforth, LA6 1NU.
Trustees
The trustees during the year and since the year end were as follows:
| Name | Status | Joined Date | Resigned Date |
|---|---|---|---|
| Ramin Salehi | Continuing | 12/11/2019 | - |
| Rebecca Clifford Perkins | Joined During Year | 10/03/2022 | - |
| Kyle Sandham | Joined During Year | 18/05/2022 | - |
| David Beuzeval | Joined During Year | 12/11/2022 | - |
| Ben McGregor | Joined Since Year End | 11/04/2023 |
- |
| Abigail Last | Joined Since Year End | 11/04/2023 |
- |
| Eleanor Cragg | Joined Since Year End | 22/08/2023 |
- |
| John Oldroyd | Resigned | 12/11/2019 | 14/11/2022 |
| Catherine Hill | Resigned | 18/05/2022 | 30/06/2023 |
| Ian Baldwin | Resigned | 18/05/2022 | 20/06/2022 |
| Deborah Kirsten Hardy | Resigned | 12/11/2019 | 10/03/2022 |
Accountant:
SJW Accountants,
Casterton Suite, Clawthorpe Hall Business Centre, Burton in Kendal, Lancs LA6 1NU
Independent examiner:
Fiona Wills Accountancy Services,
Warton suite, Clawthorpe Hall, Business Centre, Burton in Kendal, Carnforth Lancs LA6 1NU
Bankers:
CAF BANK LTD
25 Kingshill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Approved by the Board of Trustees and signed on its behalf by:
…………………………………… Mr Ramin Salehi
. I'¢,E*14 WAVI ¥JJJ
Wave forward
Driving the vision of better mental wellbeing for young people across the South Lakes of Cumbria. For young people. For mental health. For the future.
get in touch For more questions contact hello@waveforward.org.uk
@WaveForward
Charity no. 1191038
Charity Number: 1191038
(England and Wales)
Wave Forward
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2022
Wave Forward Contents Page For the year ended 31 December 2022
| Report of the Trustees | 1 to 4 |
|---|---|
| Income & Expenditure Account | 5 |
| Balance Sheet | 6 |
| Independent Examiner's Report | 7 |
| Notes to the Financial Statements | 8 to 10 |
| Detailed Statement of Income & Expenditure | 11 |
Wave Forward Report of the Trustees For the year ended 31 December 2022
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2022. The Trustees have adopted the provisions of Accounting and 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 the Republic of Ireland (FRS102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives of the Organisation
The principal objective of the organisation, as set out in its Governing Document, is :
For the public benefit to promote, protect and relieve the mental health of children and young people living in the district of south lakeland and the surrounding area.
The organisation was formed in 2020 and pursues its objectives of working with young people, their parents and carers,and partner organisations (including schools,charities and public sector organisations) to run campaigns and events to raise awareness and understanding of mental health and promote wellbeing, to deliver progarmmes that enable young people to care for themselves and others, and to provide therapeutic support for those who need it.
There were no changes in the period in the policies adopted by the company in order to further its objectives.
Governance and Management of the Organisation
The organisation is registered as a Charitable Incorporated Organisation
The organisation is governed by its Board of Trustees, consisting of not less than 3 members, which meets at least 6 times per year.
The activities of the organisation (in furtherance of its objective) are delivered by a team of staff, freelance contractors, and volunteers and through agreements with partner organisations.
Page 1 of 11
Wave Forward Report of the Trustees Continued For the year ended 31 December 2022
FINANCIAL REVIEW
Review of financial position
The financial results for the period are as set out in the income and expenditure account on page 5 and the detailed statement of income and expenditure on page 11. The position at the end of the period is shown in the balance sheet on page 6.
Future plans and commitments
The finances of the organisation are considered by the Trustees to be sufficient to meet all existing commitments.
Connected charities
The charity is not connected with, or affiliated to, any similar charities.
Reserves
At the end of each financial year, any surplus unrestricted funding is transferred into the reserves of the organisation with the aim of setting aside the equivalent of three months average turnover to cover any unforeseen costs and ensure financial sustainability.
Once the reserves target is achieved, any further surplus will be designated and used by the trustees to invest in the further achievement of the objective of the organisation.
Page 2 of 11
Wave Forward Report of the Trustees Continued For the year ended 31 December 2022
Recruitment and appointment of trustees
Appointment of trustees
Trustees are recruited through an open and transparent process to ensure that the board has the range of skills and experience needed to successfully achieve our objective and deliver our strategy business plan.
Trustees will periodically undertake a skills audit and use this information to recruit further trustees and ensure the organisation has a diverse board of between 7 and 9 individuals.
Trustees' responsibilities
The trustees are required to prepare accounts which give a true and fair view of the financial position of the organisation at the end of each financial year.
In preparing the accounts the trustees are required to:
a) select suitable accounting policies and then apply them consistently.
b) make judgements and estimates that are reasonable and prudent.
c) follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts.
d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that this basis applies.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with all relevant legislation. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3 of 11
Wave Forward Report of the Trustees Continued For the year ended 31 December 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Charity registration number Principal address
Wave Forward 1191038 Casterton Suite Clawthorpe Hall Business Centre Burton in Kendal Carnforth LA6 1NU
Trustees
The trustees during the year and since the year end were as follows:
Ian Baldwin David Beuzeval Rebecca Clifford Perkins Kirsten Hardy Catherine Hill John Oldroyd Ramin Salehi (Chair) Kyle Sandham
Accountant
Independent examiner
SJW Accountants Casterton Suite Clawthorpe Hall Business Centre Burton in Kendal Lancs LA6 1NU Fiona Wills Accountancy Services Warton Suite Clawthorpe Hall Business Centre Burton in Kendal Lancs LA6 1NU
Bankers
CAF BANK LTD 25 Kingshill Avenue Kings Hill West Malling Kent ME19 4JQ
Approved by the Board of Trustees and signed on its behalf by
Mr Ramin Salehi
06 March 2023
Page 4 of 11
Wave Forward Income & Expenditure Account For the year ended 31 December 2022.
| Income and endowments from: Restricted Income Unrestricted Income Bank Interest Receivable Total Expenditure on: Charitable activities Other expenditure Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
45,507 31,351 50 76,908 2022 £ 180 59,429 59,609 17,299 - 17,299 |
52,199 38,294 - 90,493 2021 £ 1,389 50,424 51,813 38,680 - 38,680 |
|||
|---|---|---|---|---|---|
Page 5 of 11
Wave Forward Balance Sheet As at 31 December 2022
| Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted Restricted Total funds 8 Notes Fixed Assets Tangible assets Creditors: amounts falling due within one 7 Current Assets Prepayments Cash at bank and in hand |
55,980 55,980 55,980 16,611 39,369 55,980 - 56,583 56,583 603 2022 £ |
- 2021 £ |
|
|---|---|---|---|
| 38,680 39,429 39,429 749 |
|||
| 38,680 | |||
| 38,680 | |||
| 11,889 26,791 38,680 |
For the year ended 31 December 2022 the charity was entitled to exemption from audit.
The financial statement is approved and authorised for issue by the Trustees and signed on its behalf by:
Mr Kyle Sandham Trustee/Treasurer 06 March 2023
Page 6 of 11
Wave Forward INDEPENDENT EXAMINERS STATEMENT
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WAVE FORWARD
I report to the trustees on my examination of the accounts for the period ended 31 December 2022.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees are responsible for the preparation of the accounts. The trustees consider 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. The charity's gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA .
It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with 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 trustees 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 statement below.
INDEPENDENT EXAMINERS STATEMENT
I have completed my examination. I can confirm that no material matters have come to my attention in 1. accounting records were not kept in respect of the trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts did 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.
Date: 31/03/2023
Fiona Wills Accountancy Services Limited Warton Suite Clawthorpe Hall Business Centre Burton in Kendal Carnforth Lancs LA6 1NU
Page 7 of 11
Wave Forward Notes to the Financial Statements For the year ended 31 December 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
Wave Forward 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
2. Income from donations and legacies
| 2. Income from donations and legacies | ||
|---|---|---|
| 3. Costs of charitable activities by fund type Support costs Unrestricted funds Donations received |
2022 £ 2022 £ 14,495 57,389 57,389 |
2021 £ 2021 £ 18,314 44,557 |
| 44,557 |
Page 8 of 11
Wave Forward Notes to the Financial Statements Continued For the year ended 31 December 2022
| Accruals and deferred income PAYE Pensions 4. Analysis of support costs Governance costs 6. Comparative for the Statement of Financial Activities At 31 March 2021 - 7. Creditors: amounts falling due within one year 8. Movement in funds 5. Net income/(expenditure) for the period This is stated after charging/(crediting): Depreciation of owned fixed assets Accountancy fees |
£ £ |
466 137 - 603 - - 2022 2022 - 682 2022 |
- 2021 £ 2021 £ - 730 |
||
|---|---|---|---|---|---|
| - | |||||
| £ | 250 370 129 749 2021 £ |
| Balance at Incoming Outgoing 01/01/2022 resources resources £ £ £ Balance at 31/12/2022 £ Unrestricted Funds 16,511 Restricted Funds 39,319 Interest 50 50 11,889 31,352 26,730 26,791 45,507 32,879 38,680 76,859 59,609 - 55,880 |
Balance at Incoming Outgoing 01/01/2022 resources resources £ £ £ Balance at 31/12/2022 £ Unrestricted Funds 16,511 Restricted Funds 39,319 Interest 50 50 11,889 31,352 26,730 26,791 45,507 32,879 38,680 76,859 59,609 - 55,880 |
Balance at Incoming Outgoing 01/01/2022 resources resources £ £ £ Balance at 31/12/2022 £ Unrestricted Funds 16,511 Restricted Funds 39,319 Interest 50 50 11,889 31,352 26,730 26,791 45,507 32,879 38,680 76,859 59,609 - 55,880 |
Balance at Incoming Outgoing 01/01/2022 resources resources £ £ £ Balance at 31/12/2022 £ Unrestricted Funds 16,511 Restricted Funds 39,319 Interest 50 50 11,889 31,352 26,730 26,791 45,507 32,879 38,680 76,859 59,609 - 55,880 |
Balance at Incoming Outgoing 01/01/2022 resources resources £ £ £ Balance at 31/12/2022 £ Unrestricted Funds 16,511 Restricted Funds 39,319 Interest 50 50 11,889 31,352 26,730 26,791 45,507 32,879 38,680 76,859 59,609 - 55,880 |
|---|---|---|---|---|
| 38,680 | 76,859 | 59,609 - |
55,880 |
Page 9 of 11
Wave Forward Notes to the Financial Statements For the period ended 31 December 2022
Purpose of unrestricted Funds General
The purpose of the unrestricted fund is to cover the core costs.
Page 10 of 11
Wave Forward Detailed Statement of Income & Expenditure. For the year ended 31 December 2022
| SUPPORT COSTS Governance costs Accountancy Professional Expenses Venue Hire & Refreshments Total resources expended Net Income Investments Bank interest receivable Total incoming resources INCOME Donations and legacies Restricted Unrestricted Other Insurance General Travel Bank Charges Advertising Computer Expenses Sundry Expenses Salaries Office Expenses EXPENDITURE Raising donations and legacies Donations |
2022 £ 682 37,166 1,659 39,506 59,609 17,299 76,858 50 50 76,908 180 180 45,507 31,351 455 964 81 - 90 164 17,883 285 19,922 |
2021 £ 52,199 38,294 |
||
|---|---|---|---|---|
| 90,493 | ||||
| - | ||||
| 90,493 1,389 |
||||
| 730 26,428 1,389 384 704 111 329 3,843 222 17,399 274 23,265 |
||||
| 27,158 | ||||
| 51,813 | ||||
| 38,680 |
Page 11 of 11