# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
**CHARITY REGISTRATION No: 1191657**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
1
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **CONTENTS**
|Page 3|Legal & Administrative Information|
|---|---|
|Page 4|Trustees' Annual Report|
|Page 5|Statement of Financial Activities|
|Page 6|Balance Sheet|
|Pages 7 to 12|Notes to the Financial Statements|
|Page 13|Independent Examiner's Report|
2
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1191657 **DATE OF REGISTRATION** 6th October 2020 **START OF FINANCIAL YEAR** 1st November 2021 **END OF FINANCIAL YEAR** 31st October 2022 **TRUSTEES AT 31ST OCTOBER 2022** Antony Chuter Marian Nicholson Jessica Potts Joel Brown (Appointed 16th March 2022) Jason Bingham (Appointed 16th March 2022) Rebecca Pollard (Appointed 7th May 2022) Caroline Strickland (Resigned 1st October 2022) **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Association Registered 6th October 2020
## **OBJECTS**
**a** ) To relieve the suffering of people in pain, in particular by bringing together voluntary organisations established for the relief of pain sufferers in a common effort to improve their care, treatment and management. **b** ) To advance the education of the general public on the causes, effects, treatment and management of pain. **c** ) To promote social inclusion for the public benefit among people living with pain who may be socially excluded from society, or parts of society, as a result of poor management of their condition and the physical, psychological and social problems that can ensue.
**CORRESPONDENCE ADDRESS** c/o Shingles Support Society 41 North Road London N7 9DP **PRIMARY BANKERS** HSBC Bank Plc 50 Church Road Burgess Hill West Sussex RH15 9AE **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The charity is controlled by its governing document, CIO - Association 6th October 2020 and constitutes a Charitable Incorporated Organisation.
## **Organisational Structure**
Trustees are elected at the Annual General Meeting. There are currently six trustees as stated above.
## **Risk Management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **CHARITABLE ACTIVITIES**
## **Charitable Activities**
The COVID-19 pandemic continued to hamper activities somewhat during the year, however the Charity continued its work. During this year the Charity recruited three trustees and transferred the signatories of the Pain UK CIO’s new bank account with HSBC to a new honorary treasurer. We progressed the UK Lived Experience of Pain Project (UKLEPP). At the end of the financial year, the charity had 42 charity members and over 1,300 individual members. During the year the Charity organised virtual meetings for its charity members and sent out many events and newsletters for both charity members and individual members. The Charity’s two Facebook pages are very popular both with researchers seeking volunteers for their ethically approved projects and with individuals sharing pain stories.
## **FINANCIAL PERFORMANCE**
## **Fundraising Activities**
The charity received donations of £5,488 through Just Giving, Amazon Europe Core, Something Chronic, Giving Comm Ltd, Much Loved to individual donations.
## **Income and Expenditure and Statement of Assets**
The charity had an excess of expenditure over income during the period of £2,578. The bank balance as at the 31st October 2022 was £17,546. During the previous financial period assets and liabilities totalling £21,650 were transferred from Pain UK (Registered Charity Number 1145561) to Pain UK CIO (1191657).
## **Trustees' Responsibilities**
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- Observe the methods and principles of the Charity Commission Statement of Recommended Practice (SORP);
- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in existence;
- **·** State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on ………………………………………………………………………………………………………………… Signed on their behalf by Trustee ………………………………………………………………………………………………………………
Printed Name:
4
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2022**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
Transfer of Funds
**17**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
5,488
-
5,488
583
**5,488**
**-**
**5,488**
**583**
6,991
-
6,991
2,234
1,075
-
1,075
475
**8,066**
**-**
**8,066**
**2,709**
**(2,578)**
**-**
**(2,578)**
**(2,126)**
19,524
-
19,524
-
-
-
-
21,650
**16,946**
**-**
**16,946**
**19,524**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 7 to 12 form part of these financial statements.
5
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **BALANCE SHEET**
## **AS AT 31ST OCTOBER 2022**
|**Note**
**Fixed Assets**
Tangible Assets
**2**
Investments
**6**
**Total Fixed Assets**
**Current Assets**
Debtors & Prepayments
**8**
Cash at Bank and in Hand
**7**
**Total Current Assets**
**9**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**10**
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**5**
**Total Funds**
**Creditors:**Amounts due within one year
**Creditors:**Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Oct-22**
**31-Oct-21**
£
£
**£**
**£**
-
-
-
-
-
-
-
-
**-**
**-**
**-**
**-**
-
-
-
650
17,546
-
17,546
19,349
**17,546**
**-**
**17,546**
**19,999**
600
-
600
475
16,946
-
16,946
19,524
**16,946**
**-**
**16,946**
**19,524**
-
-
-
-
**16,946**
**-**
**16,946**
**19,524**
16,946
-
16,946
19,524
-
-
-
-
**16,946**
**-**
**16,946**
**19,524**|
|---|---|
Approved by the Trustees on ………………………………………………………………………………………………………………… Signed on their behalf by Trustee ……………………………………………………………………………………………………………… Printed Name:
6
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared 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 UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services have been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
7
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Reducing Balance
## **2. TANGIBLE FIXED ASSETS**
The Charity held no fixed assets during this or the previous financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st October 2022 : None
31st October 2021 : None
8
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
5,488
-
5,488
583
**5,488**
**-**
**5,488**
**583**|
|---|---|
## **4. RESOURCES EXPENDED**
|**a) Cost of Charitable Activities**
Bank Charges
IT Support Costs
Licenses & Subscriptions
Project Consultancy Fees
Training Costs
`
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
51
-
51
34
730
-
730
100
50
-
50
-
5,700
-
5,700
2,100
460
-
460
-
**6,991**
**-**
**6,991**
**2,234**
600
-
600
475
475
-
475
-
**1,075**
**-**
**1,075**
**475**|
|---|---|
9
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **5. RESTRICTED FUNDS**
The CIO held no restricted funds during this or the previous financial period.
## **6. INVESTMENTS**
The CIO held no fixed assets investments during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
|Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Oct-22**
**31-Oct-21**
£
£
**£**
**£**
17,546
-
17,546
19,349
**17,546**
**-**
**17,546**
**19,349**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Oct-22**
**31-Oct-21**
£
£
**£**
**£**
-
-
-
650
**-**
**-**
**-**
**650**|
|---|---|
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Independent Examiners Fees|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Oct-22**
**31-Oct-21**
£
£
**£**
**£**
600
-
600
475
**600**
**-**
**600**
**475**|
|---|---|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The CIO held no long term liabilities during this or the previous financial period.
## **11. NET ASSETS BETWEEN FUNDS**
|Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Oct-22**
**31-Oct-21**
£
£
**£**
**£**
-
-
-
-
16,946
-
16,946
19,524
-
-
-
-
**16,946**
**-**
**16,946**
**19,524**|
|---|---|
10
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **12. STAFF COSTS AND NUMBERS**
The CIO employed no members of staff during this or the previous financial period.
## **13. TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
## **14. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
11
## **PAIN UK CIO**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST OCTOBER 2022**
## **17. TRANSFER OF FUNDS**
During the previous financial period the Trustees of Pain UK (Registered Charity No. 1145561) sought guidance and advice and agreed to register the new Charitable Incorporated Organisation, Pain UK CIO (Registered Charity Number 1191657). All Assets and liabilities were transferred to Pain UK CIO (Registered Charity Number 1191657) during the final period ended 16th December 2021. The following assets and liabilities represent the CIO's operations prior to registering the Charitable Incorporated Organisation with the Charity Commission and the assets and liabilities transferred during the period ended 31st October 2021 are as follows:
|**Fixed Assets**
Tangible Assets
**Current Assets**
Debtors & Prepayments
Cash at Bank and in Hand
**Total Current Assets**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**Total Funds Transferred**
**Creditors:**amounts falling due within one year|Unrestricted
Restricted
**Total**
Funds
Funds
**19-Aug-21**
£
£
**£**
-
-
-
-
-
-
22,125
-
22,125
**22,125**
**-**
**22,125**
475
-
475
21,650
-
21,650
**21,650**
**-**
**21,650**
**21,650**
**-**
**21,650**
21,650
-
21,650
-
-
-
**21,650**
**-**
**21,650**|
|---|---|
12
PAIN UK CIO
{Charitsbte Incorporated Organi58tion)
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
R8POrt to the tnjsteesl mamb8rs ol UK CIO on th8 arAXAJnts for the yÉor 31gt fJranhAr ?? set on pogey 5 to
12.
Re$po¢llv• f•4>onslbll1tiQl trU•t and •x•mlnor
The charity's trustees are respon5ibb for the pfeparation of fv acrounts. The charilY$ trustees consSder that an audil i& wt
roqulred for this year unthr section 144 01 ts Charities 2011 (the chaeS Act) and that 8n independent exafflinatton is
needed.
It IB my pOnSIbIlIty to..
examine the accounts undèr Soclion 145 of the Charities Acl.
foll¢)w th& oroceduras laid tknin in thè wral Dirgrtmq by Chwrfy QJmrnls$ion lundor s•etion
14515llbl of the Charitkn kt. I1
State ether partlcuLar mAtters haye corr* to my attwibJn
B••l• of Ind•p•nd•nt •vrnln•rf• *t•t•mont
My examinatkjn was cmd i)ut in xec*dartè *ryth gwwal C*octknns gfrth by the Charlty commlsllc. An examlTration
Includ85 8 review ol the accounting fe¢or¢s kept by IhB charrty aThY a mParKn of the acwjnts presented with th
records. it Includ¢$ consideraln ol any usUal Ilems or dtsclosur¢s in th8 accovnts, and 8.n9 explanations from th•
trustees conc*ning any such rnart•rs. Tho procethtr8s uThJartakèn do not provide all lh¢ idence Ihat woukl be requlred In
#TI 8udl¢, and con8equently no wn¥)n LE a6 to whow atwJnt8 a InJ• and Ir. vhw ond thg roport l•
Ilrnhèd to tho8e matters sel out in the slatement bdow.
Ind•p•nd•nt •xamln•rfs •t•t•m•nt
In connectlon vAth my •x8minatkn. rKJ matt•f h# corne to my attfthtkn..
1. whlch giv*s rno reasonable cau2• to beliovg th81 in any material r8wxL Ihe requiromants..
to keep acLountlng rgcords in accordance wth so¢tion IXI ol th8 Charitias Act., and
to prepare accounts Seed wilh the accountiTha rwx(18 comply the 9¢¢ountlng wulrements
Off C*89 Act
hAv¢ n¢*t been me¢ or
to whkh. In my OF4nkn, #tttntirffi 3hwkJ b& ¢jra* kn ter to undgrsiondiThJ of the accounts to b•
reachéd.
K. Collaku MAAT
C85lle View AnIn9 Ltd
New Bam
Mudberry L8
8osharn
Chichester
West Sussex
P018 8TS
Dats: 10th Mafch 2023