## **THE WELLBEING CO**
**Charity Incorporated Organisation (CIO)**
## **Financial Statements**
**For the period ended**
**31[st] March 2024**
**Registered Charity Number: 1191921**
## **THE WELLBEING CO**
Year Ended 31[st] March 2024
**Principal address:** 8, Houndsfield Road Edmonton, London N9 7RA
**Trustees** :
Nichola Lauder - Chair Trevor Knight – Treasurer and Vice Chair Michelle Francis – Company Secretary
## **Governing document**
The organisation is operated under the rules of its constitution.
## **Bankers:**
Santander
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## **THE WELLBEING CO**
Year Ended 31[st] March 2024
## **CONTENTS**
## **Pages**
**4. Trustees’ Report**
## **8. Income and Expenditure account**
**9. Balance Sheet**
## **10. Notes to the Accounts**
3
## **THE WELLBEING CO Year ending 31[st] March 2024**
## **Annual Report**
The committee are please to present the financial report for the period ended 31[st] March 2024, the first accounting period of the Charitable Incorporated Organisation.
## **Structure, Governance and management**
The Wellbeing Co is a charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution, dated 21[st] October 2020.
If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
The affairs of the charity are managed on a day-to-day basis by the trustees, who may exercise all the powers of the CIO.
The trustees of served during the year are shown on page 2 of this report.
## **Appointment of Trustees**
In accordance with the terms of the constitution, there must be at least three charity trustees. If the number falls below the minimum, the remaining trustees can act only to call a meeting of the trustees or appoint a new trustee.
The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum.
Each new trustee is given a copy of the constitution and the latest trustees’ annual report and accounts, on or before appointment.
## **Charitable objects**
THE OBJECTS OF THE CIO ARE: THE PRESERVATION AND PROTECTION OF GOOD PHYSICAL AND MENTAL HEALTH FOR THE PUBLIC BENEFIT, IN PARTICULAR BUT NOT EXCLUSIVELY, BY PROVIDING AND ASSISTING IN THE PROVISION OF FACILITIES, SUPPORT SERVICES AND PRACTICAL ADVICE.
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## **Activities and achievements for the year**
This Year has been a year of twists and turns, where we were firstly invited to sit on Race Inequality Lab with other Grass Roots Mental Health Organisations to undertake a study of factors effecting Black and Brown People accessing Mental Health Services. We also “accidentally” started to offer and deliver more online Counselling Sessions and Training Sessions to local authorities across London.
Whilst we haven’t obtained any direct grants or contracts, we have secured regular work as a sub-contractor.
Admittedly this has been a bit of an uphill struggle for TWC, with volunteers moving on, people still reluctant to leave their homes and or still isolating. We also encountered issues with the building which often meant we had to hold sessions online and or in other Community Spaces, with the exception of the Women’s and Garden Groups.
Whilst there has been a drop in people accessing the Counselling and the Cooking Group, but we have seen an increase in people accessing: Online Counselling and Mental Health Training and the occasional Support Group especially around issues of Race Inequalities and Racial Trauma.
In total we had over 58 Referrals namely for Online Counselling and requests for Training and Therapeutic Support Groups.
We feel optimistic about the future and continue to soldier on with the support of the TWC Board, Partner Organisations, Funding Partners, and the Local Community, to develop a more sustainable service with a stronger core of offering.
## **CONCLUSIONS**
Lastly, I would like to thank God, The Board, our funders and in particular individual Doners and Community Volunteers who have been passionate Supporters and Advocators of TWC. **Nichola Lauder (Chairperson)**
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## **Reserves policy and going concern**
The Board has assessed the charity’s requirements for reserves in the light of the main risks to the organisation. As a result, the Board has approved a policy whereby the unrestricted funds not committed, should be held in reserve and maintained at a level which ensures that The Wellbeing Co’s core activity could continue during a period of unforeseen difficulty. The target reserve amount represents at least 6 months’ (26 weeks) expenditure and will be reviewed annually.
## **Risk management**
The trustees have a risk management strategy which comprises:
● an annual review of the principal risks and uncertainties that the charity undertakes.
● the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
● the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The Trustees constantly review risks relevant to the charity. Any risks identified are reported to the Trustees and decisions made on how to minimise risk.
## **Trustees and their responsibilities**
Charity trustees are the people who serve on the governing body of a charity. They may be known as trustees, directors, board members, governors or committee members. The principles and main duties are the same in all cases. Trustees have, and must accept, ultimate responsibility for directing the affairs of a charity, and ensuring that it is solvent, well-run, and meeting the needs for which it has been set up.
## **Our volunteers**
The Wellbeing Co is very involved in the community and relies on voluntary help. One volunteer assisted with our on-going activities. We wish to thank our volunteers for their loyal support and contribution.
## **Future plan**
The Wellbeing Co are committed to apply for further funding that will enable the organisation to deliver on various needs identified.
**Nichola Lauder (Chairperson)**
## **22/01/2025**
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||**THE WELLBEING CO**|**THE WELLBEING CO**|**THE WELLBEING CO**||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||**Income and Expenditure account for the year**|||**ended 31st March 2024**|||||||
||**INCOMING RESOURCES**
Donation
**Grants for charitable activities:**
National Mind, BMHC
London Borough of Enfield
**TOTAL INCOMING RESOURCES**
**RESOUCES EXPENDED**
**Charitable Expenditure**
Sessional Workers and Trainers
Refreshments
Staff and Volunteer Training
Pocket Park/ Gardening group activities
Food Bank activities
Activities Materials
Professional fees
Office expenses
Travel expenses
Volunteers’ expenses
**TOTAL RESOUCES EXPENDED**
**Net incomings and outgoings**
**TOTAL FUNDS AT 01 APRIL 2023**
**TOTAL FUNDS AT 31 MARCH 2024**||**Unrestricted**
**Funds**
**£**
1,371
-
-
**1,371**
-
-
-
-
-
-
401
-
-
-
**401 **
**970**
**117**
**1,086**||**Restricted**
**Funds**
**£**
-
1,354
-
**1,354 **
1,648
65
-
19
76
51
374
187
42
50
**2,511**
**(1,157)**
**1,157 **
**-**||**Total**
**Funds**
**2024**
**£**
1,371
1,354
-||**Total**
**Funds**
**2023**
**£**
117
-
4,909||
||||||||||||
||||||||**2,724**||**5,026**||
||||||||1,648
65
-
19
76
51
775
187
42
50
**2,912**
**(188)**
**1,274**
**1,086**||5,271
42
135
842
71
262
350
184
60
73||
||||||||||**7,290**||
||||||||||**(2,264)**||
||||||||||**3,538**||
||||||||||||
||||||||||**1,274**||
There were no recognised gains or losses for the above period other than those shown in the statement of financial activities for the above financial year. All incoming resources and resources expended are derived from continuing activities.
(The notes attached form part of these financial statements)
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## **THE WELLBEING CO**
||**BALANCE SHEET AS AT 31 MARCH 2024**|||||||
|---|---|---|---|---|---|---|---|
|Notes
**Fixed Assets**
Tangible assets
**Current Assets:**
Cash at Bank and In Hand
**Current Liabilities:**
**Creditors:**
Amount falling due within one year:
Accruals & Creditors
(6)
**Net Assets**
**As Represented By**
Unrestricted Fund
Restricted Fund
(7)
**Total Funds**
(The notes form part of this account)||||£
**2024**
-
1,361
275
**1,086**
1,086
-
**1,086**|||£
**2023**
-
1,624
350|
||||||||**1,274**|
||||||||117
1,157|
||||||||**1,274**|
|||||||||
The accounts were approved by the Committee Members on 22/01/2025 and signed on their behalf by: -
………………………......... Ms Nichola Lauder (Chair)
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**THE WELLBEING CO Year Ended 31[st] March 2024**
## **Notes to the accounts**
## **1. Accounting Basis**
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008).
The accounts have also been prepared in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” and applicable legislations.
## **2. Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the organisation is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **3. Resource Expendable**
All expenditure is accounted for on an accrual basis and has been included under expenses categories that aggregate all costs for allocation to activities.
## **4. Fixed Asset**
The organisation has no fixed assets in this year.
## **5. Debtors**
The organisation has no debtors.
## **6. Creditors and Accruals**
|Professional fees
Other Creditors|**2024**
**£**
275
-
**275**|**2023**
**£**
350
-|
|---|---|---|
|||**350**|
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## **7. Analysis of Restricted Fund**
|**Restricted Funds**
London Borough of Enfield
National Mind, BMHC
**Total**|**Balance b/f**
**@ 01st Apr**
**2023**
**Received in**
**2023/2024**
**Spent in**
**2023/2024**
**Balance**
**C/F @**
**31st Mar**
**2024**
£
£
£
£
1,157
-
1,157
-
-
1,354
1,354
-|
|---|---|
||**1,157 **
**1,354 **
**2,511**
**-**|
## _**Purpose of Funds: -**_
To improve physical and mental health wellbeing
## **8. Support and Governance Cost**
|Office expenses
Professional Fees|**2024**
**£**
187
775
**962 **|**2023**
**£**
187
350|
|---|---|---|
|||**537 **|
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