Charity registration number 1192849
HOLISTIC WELLNESS COMMUNITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
HOLISTIC WELLNESS COMMUNITY
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | M Weeks |
|---|---|
| M E Maybank | |
| E Berry | |
| S Bellisio | |
| Charity number | 1192849 |
| Principal address | 41 Gainsborough Road |
| Tilgate | |
| Crawley | |
| West Sussex | |
| RH10 5LD | |
| Accountants | Richard Place Dobson |
| Ground Floor | |
| 1 - 7 Station Road | |
| Crawley | |
| West Sussex | |
| RH10 1HT |
HOLISTIC WELLNESS COMMUNITY
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Accountants' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 11 |
HOLISTIC WELLNESS COMMUNITY
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's CIO foundation model, the Charities Act 2011 and "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 2019).
Objectives and activities
The charity's objects are to promote and protect good mental health through the provision of a range of nature-based therapies or complementary interventions proven to improve health including forest bathing, meditation and mindfulness.
The trustees have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. They believe that the activities and achievements outlined in this report demonstrate the fulfilment of the public benefit requirement for the reporting period.
Achievements and performance
Holistic Wellness Community have continued to support the community with improving and managing their overall wellbeing and mental health. Holistic Wellness Community aim to run two forest bathing and nature crafting sessions each month, 1 online signing class each week and 1 face to face community circle every month.
Our research in 2023 shows 100% of our attendees rated our classes as excellent, 100% recorded an improvement in managing stress and anxiety, 85% recorded reduced social isolation, 92.5% recorded increased confidence to connect with nature independently, 87% learnt new techniques to help manage mental health challenges and 100% improved general health and wellbeing.
Financial review
Net outgoing resources for the year totalled £12,929 (2022, £9,765), as shown on the Statement of Financial Activities on page 4.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The trustees are aware reserves have fallen below this level in the reporting period and are taking steps to increase reserves in the current year.
The trustees have reviewed the major risks facing the charity and are satisfied that appropriate policies, procedures and systems are in place to manage and mitigate these risks.
Structure, governance and management
The charity is a Charitable Incorporated Organisation, registered charity number 1192849. The charity’s governing document is based upon the Charity Commission’s model CIO (Foundation) constitution, with a small number of amendments.
The trustees who served during the year and up to the date of signature of the financial statements were:
M Weeks M E Maybank E Berry S Bellisio
Apart from the first charity trustees, every trustee must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
page 1
HOLISTIC WELLNESS COMMUNITY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees' report was approved by the Board of Trustees.
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.............................. M Weeks Trustee Date: .............................................
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HOLISTIC WELLNESS COMMUNITY
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOLISTIC WELLNESS COMMUNITY FOR THE YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Holistic Wellness Community for the year ended 31 December 2023, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 10 February 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Holistic Wellness Community and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holistic Wellness Community and the charity's trustees as a body, for our work or for this report.
It is your duty to ensure that Holistic Wellness Community has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Holistic Wellness Community. You consider that Holistic Wellness Community is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Holistic Wellness Community. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
Ground Floor 1 - 7 Station Road Crawley West Sussex RH10 1HT
6 June 2024 Dated: .........................
page 3
HOLISTIC WELLNESS COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted Restricted Total Unrestricted Restricted funds funds funds funds 2023 2023 2023 2022 2022 Notes £ £ £ £ £ Income from: Donations and legacies 3 240 13,060 13,300 6,226 20,950 Charitable activities 4 1,140 - 1,140 1,391 - Total income 1,380 13,060 14,440 7,617 20,950 Expenditure on: Charitable activities 5 1,500 25,869 27,369 1,864 36,468 Total expenditure 1,500 25,869 27,369 1,864 36,468 Net expenditure (120) (12,809) (12,929) 5,753 (15,518) Transfers between funds (4,895) 4,895 - - - Net movement in funds (5,015) (7,914) (12,929) 5,753 (15,518) Reconciliation of funds: Fund balances at 1 January 2023 5,861 12,479 18,340 108 27,997 Fund balances at 31 December 2023 846 4,565 5,411 5,861 12,479 |
Total 2022 £ 27,176 1,391 28,567 38,332 38,332 (9,765) - (9,765) 28,105 18,340 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
page 4
HOLISTIC WELLNESS COMMUNITY
BALANCE SHEET
AS AT 31 DECEMBER 2023
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Net assets The funds of the charity Restricted income funds 11 Unrestricted funds The financial statements were approved by the trustees on................. |
2023 £ 6,911 (1,500) ........ |
£ 5,411 5,411 4,565 846 5,411 |
2022 £ 20,500 (2,160) |
£ 18,340 |
|---|---|---|---|---|
| 18,340 | ||||
| 12,479 5,861 |
||||
| 18,340 | ||||
.............................. M E Maybank Trustee
page 5
HOLISTIC WELLNESS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
Charity information
Holistic Wellness Community is a Charitable Incorporated Organisation (CIO) and became registered with effect from 17 December 2020.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised when the claim is made.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
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HOLISTIC WELLNESS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and grants
| Unrestricted Restricted funds funds general 2023 2023 £ £ Donations 240 - Grants - 13,060 240 13,060 |
Total Unrestricted Restricted funds funds general 2023 2022 2022 £ £ £ 240 6,226 - 13,060 - 20,950 13,300 6,226 20,950 |
Total 2022 £ 6,226 20,950 |
|---|---|---|
| 27,176 |
page 7
HOLISTIC WELLNESS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
4 Income from charitable activities
| Provision of | Provision of | |
|---|---|---|
| mindfulness | mindfulness | |
| classes | classes | |
| 2023 | 2022 | |
| £ | £ | |
| Voluntary classes contributions | 1,140 | 1,391 |
| Analysis by fund | ||
| Unrestricted funds | 1,140 | 1,391 |
5 Expenditure on charitable activities
| Provision of | Provision of | |
|---|---|---|
| mindfulness | mindfulness | |
| classes | classes | |
| 2023 | 2022 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 6,012 | 9,231 |
| Instructor fees | 16,168 | 20,559 |
| Studio hire | 1,028 | 1,540 |
| Insurance | 970 | 960 |
| Website costs | 155 | 130 |
| General expenses | - | 861 |
| Grant application fees | - | 2,100 |
| Marketing | 612 | 751 |
| Repairs and maintenance | - | 40 |
| Staff Training | 540 | - |
| Subscriptions | 384 | - |
| 25,869 | 36,172 | |
| Share of support and governance costs (see note 6) | ||
| Governance | 1,500 | 2,160 |
| 27,369 | 38,332 | |
| Analysis by fund | ||
| Unrestricted funds | 1,500 | 1,864 |
| Restricted funds | 25,869 | 36,468 |
| 27,369 | 38,332 |
page 8
HOLISTIC WELLNESS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
6 Support costs
| Support costs Governance costs £ £ Independent Examiner Fees - 1,500 - 1,500 Analysed between Charitable activities - 1,500 |
2023 £ 1,500 1,500 1,500 |
2022 £ 2,160 |
|---|---|---|
| 2,160 | ||
| 2,160 |
Governance costs includes payments to the Independent Examiner of £1,500 (2022: £2,160).
7 Trustees
During the financial period, Emma-Jo Berry, Trustee, was paid £2,660 (2022: £1,460), under normal market conditions, for the provision of therapy classes, and was reimbursed £21 (2022: £nil) for expenses related to the therapy classes.
8 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 6,012 | 9,231 |
The charity employed 1 person (2022: 1) on a self employed basis during the year
There were no employees whose annual remuneration was more than £60,000.
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accruals and deferred income | 1,500 | 2,160 |
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HOLISTIC WELLNESS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
11 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 January | Incoming | Resources | TransfersAt 31 December | TransfersAt 31 December | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| Awards for all (National Lottery) | 5,895 | - | (5,895) | - | - |
| Putting Communities First | |||||
| (Crawley Borough Council) | 580 | - | (580) | - | - |
| Sussex Giving | - | 5,740 | (10,635) | 4,895 | - |
| Comic Relief | 6,004 | 2,500 | (7,922) | - | 582 |
| Chalk Cliff Trust | - | 4,820 | (837) | - | 3,983 |
| 12,479 | 13,060 | (25,869) | 4,895 | 4,565 | |
| Previous year: | At 1 January | Incoming | Resources | TransfersAt 31 December | |
| 2022 | resources | expended | 2022 | ||
| £ | £ | £ | £ | £ | |
| Awards for all (National Lottery) | 4,334 | 9,950 | (8,389) | - | 5,895 |
| Putting Communities First | |||||
| (Crawley Borough Council) | 1,085 | 2,000 | (2,505) | - | 580 |
| Sussex Giving | 3,750 | - | (3,750) | - | - |
| PostCode Lottery | 18,828 | - | (18,828) | - | - |
| Comic Relief | - | 9,000 | (2,996) | - | 6,004 |
| 27,997 | 20,950 | (36,468) | - | 12,479 |
The restricted funds listed above are for the following purposes:
-
Awards for all (National Lottery) - to provide and co-ordinate mindfulness classes
-
Putting Communities First (Crawley Borough Council) - to provide and co-ordinate mindfulness classes
-
Sussex Giving- to provide and co-ordinate mindfulness classes
-
PostCode Lottery - project co-ordinator costs, workshop facilitators, venue costs, marketing costs, laptop, printer and overhead contribution.
-
Comic Relief - These funds are for forest bathing classes and run by experienced forest bathing leaders. The aim of the sessions is to teach the attendees the well researched and proven technique of forest bathing, which is know for to have physical and mental health benefits.
-
Chalk Cliff Trust - These funds are also for forest bathing classes run by experienced forest bathing leaders.
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HOLISTIC WELLNESS COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 January | Incoming | Resources | TransfersAt 31 December | TransfersAt 31 December | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| General funds | 5,861 | 1,380 | (1,500) | (4,895) | 846 |
| Previous year: | At 1 January | Incoming | Resources | TransfersAt 31 December | |
| 2022 | resources | expended | 2022 | ||
| £ | £ | £ | £ | £ | |
| General funds | 108 | 7,617 | (1,864) | - | 5,861 |
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2023 | 2023 | 2023 | |||
| £ | £ | £ | |||
| At 31 December 2023: | |||||
| Current assets/(liabilities) | 846 | 4,565 | 5,411 | ||
| 846 | 4,565 | 5,411 | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | ||||
| 2022 | 2022 | 2022 | |||
| £ | £ | £ | |||
| At 31 December 2022: | |||||
| Current assets/(liabilities) | 5,861 | 12,479 | 18,340 | ||
| 5,861 | 12,479 | 18,340 |
13 Analysis of net assets between funds
14 Related party transactions
There were no disclosable related party transactions during the period.
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