Invictus Wellbeing Foundation CIO
Charity number 1193094
Annual Report and Financial Statements
for the period ended 31 March 2022
Invictus Wellbeing Foundation CIO
Annual Report and Financial Statements for the period ended 31 March 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 to 7 |
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Invictus Wellbeing Foundation CIO
Trustees' report for the period ended 31 March 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial period and up to and including the date the report was approved were: Name Position Dates A G Berry Chairman Appointed January 2021 J Hall Appointed January 2021 A J Brosnan Appointed January 2021 R D Blackburn Appointed January 2021 M C Pearson
Appointed January 2021 Appointed January 2021 Appointed January 2021 Appointed January 2021 Appointed January 2021
Charity number
1193094
Registered in England and Wales
Registered and principal address
Bankers
Office Suite E323 Lloyds Bank plc Emill 1 Legg Street Dean Clough Chelmsford Halifax CM1 1JS HX3 5AX
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 13 January 2021 and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the trustees at a duly convened meeting.
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Invictus Wellbeing Foundation CIO
Trustees' report (continued) for the period ended 31 March 2022
Objectives and activities
The charity's objects
For the public benefit, to relieve the needs of young people in Yorkshire affected by, or at risk of developing, poor mental health, in particular, but not exclusively by:
- A) Working with specialist agencies and mental health professionals to provide counselling and related mental health support;
B) Raising awareness and providing information to people within the community about mental health illnesses and ways to maintain good mental health.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the preservation, protection and enhancement of good mental health of the young people in Yorkshire.
Achievements and performance
The charity grew vastly this year as we worked with just over 2,000 individual children and young people in Calderdale and Bradford. One of our larger projects (The BREW Project) grew to become a sustainable long term service in Calderdale and we have worked closely with our partners to develop a more well rounded service offer with workshops, activities and more.
Next year our focus is securing sustainable funding streams and continuing to deliver the highest quality of services throughout West Yorkshire. We hope to expand our reach, grow and develop our funding streams and ensure that children and young people have access to to timely, effective and accessible support.
Financial review
The net income for the period was £87,541, including net income of £56,457 on unrestricted funds and net income of £31,084 on restricted funds.
Reserves policy
The charity's free reserves at the period end were £56,457.
The trustees have agreed to maintain funds at sufficient levels in order to allow the smooth operation of the charity's activities. Its policy is to hold fee reserves of between 3 and 6 months of budgeted expendtiture, which based on projected expenditure for the 2022/23 financial year equates to between £50,000 and £100,000.
Approved by the board of trustees on 10 October 2022
A G Berry (Trustee)
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Invictus Wellbeing Foundation CIO
Statement of Financial Activities
(including summary income and expenditure account) for the period ended 31 March 2022
| Notes 2022 Unrestricted funds £ Income from: Grants (2) 74,448 Donations and fundraising 3,318 Rental income 2,436 Support service income 5,630 Total income 85,832 Expenditure on: Direct project expenditure 5,534 Consultancy 13,472 Advertising and website 289 Computer and software - General office expenses 899 Legal and professional fees 800 Office equipment and furniture 1,007 Printing, postage and stationery 383 Resources 272 Subscriptions 186 Telephone and mobile - Rent and rates 4,978 Repairs and renewals 274 Room hire 80 Meeting expenses 13 Training and supervision 204 Events 185 Fundraising expenditure 770 Travel expenses 29 Total expenditure 29,375 Net income 56,457 Fund balances carried forward (3) 56,457 |
2022 Restricted funds £ 66,785 - - - 66,785 33,525 1,500 44 149 - - - 45 18 - 238 - - 182 - - - - - 35,701 31,084 31,084 |
2022 Total funds £ 141,233 3,318 2,436 5,630 152,617 39,059 14,972 333 149 899 800 1,007 428 290 186 238 4,978 274 262 13 204 185 770 29 65,076 87,541 87,541 |
|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Invictus Wellbeing Foundation CIO
Balance sheet
| as at 31 March 2022 2022 Unrestricted £ Current assets Debtors 9,397 Cash at bank 47,621 Total current assets 57,018 Current liabilities: amounts falling due within one year Creditors and accruals 561 Total current liabilities 561 Net current assets 56,457 Net assets 56,457 Funds Unrestricted funds 56,457 Restricted funds - Total funds 56,457 |
2022 Restricted £ - 31,786 31,786 702 702 31,084 31,084 - 31,084 31,084 |
2022 Total £ 9,397 79,407 88,804 1,263 1,263 87,541 87,541 56,457 31,084 87,541 |
|---|---|---|
The financial statements were approved by the board of trustees on 10 October 2022
A G Berry (Trustee)
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Invictus Wellbeing Foundation CIO
Notes to the accounts
for the period ended 31 March 2022
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 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 (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Project and office equipment: over 5 years Computer equipment: over 3 years
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Invictus Wellbeing Foundation CIO
Notes to the accounts continued
for the period ended 31 March 2022
| 2 Grants West Yorkshire Combined Authority Community Foundation for Calderdale (CFFC) Locala Community Partnerships CIC Voluntary & Community (VAC) Arnold Clark Community Fund Wakefield Metropolitan District Council Health Education England The KFC Foundation 3 Restricted funds West Yorks Combined Authority CFFC (1) Locala Community Fund Mayor's Safer Communities Fund CFFC (2) CFFC (3) |
2022 Unrestricted funds £ - 6,350 - 9,860 4,000 38,298 13,940 2,000 74,448 Incoming £ 5,000 3,757 1,500 6,000 45,708 4,820 66,785 |
2022 Restricted funds £ 11,000 54,285 1,500 - - - - - 66,785 Outgoing £ - - 1,500 - 34,052 149 35,701 |
2022 Total funds £ 11,000 60,635 1,500 9,860 4,000 38,298 13,940 2,000 141,233 Balance c/f £ 5,000 3,757 - 6,000 11,656 4,671 31,084 |
|---|---|---|---|
Fund name
Purpose of restriction
West Yorks Combined Authority To appoint a link worker for direct interventions with young people CFFC (1) For the Tagtalks project Locala Community Fund For the Brew - Calderdale project Mayor's Safer Communities FundFor two specialist workers to undertake 'link work' with vulnerable young people CFFC (2) For the Try High project CFFC (3) For the Youth Leaders project
4 Related party transactions
Trustee expenses
No trustee received any expenses during this period.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this period.
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