WAVE FORWARD
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ANNUAL REPORT
+ ACCOUNTS
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## **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
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## 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
2. the accounts do not accord with those records; or
3. 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