2023-10-30-accounts - Better Way Recovery

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BETTER WAY RECOVERY

Registered Charity No. 1193773

TRUSTEES' ANNUAL REPORT and FINANCIAL STATEMENTS

for the period 1 October 2022 to 31 October 2023

1-2 Trustees' Annual Report

3 Report of the Independent Examiner

4 Statement of Financial Activities

5 Balance Sheet

6-9 Notes to the Accounts

BETTER WAY RECOVERY TRUSTEES' REPORT for the period 1 October 2022 to 31 October 2023

REFERENCE AND ADMINISTRATION DETAILS

Organisational Name: Better Way Recovery

Registered Charity Number: 1193773

Charity's Principal Address:

10 Peregrine Way Heath Hayes Cannock Staffordshire WS11 7JX

Trustees serving during the period:

Jane Smith Kathleen Griffith Danielle Byatt Hannah Leyshon (to 28/03/2023)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document: Better Way Recovery is a Charitable Incorporated Organisation governed by a Constitution.

Trustee selection methods: Apart from the founding Trustees, each Trustee is appointed for a period of 3 years. New Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

Other Trustee information: The charity has a Trustee Code of Conduct and Trustee Indemnity Insurance.

OBJECTIVES AND ACTIVITIES

Objects of the Charity:

a) the development of a safe community space for service users to access information and services.

b) the provision of mentoring and peer to peer support.

c) providing services in collaboration with local community organisations which are concerned with the rehabilitation of those suffering from addiction.

d) raising awareness of the public on the effects of drug and alcohol addiction.

Main activities undertaken during the period for public benefit:

a) in carrying out these activities, the Trustees have had due regard to the relevant public benefit guidance.

b) providing a place of safety for service users in Lichfield.

c) facilitating 11 lived experience support groups per week in Lichfield and 5 in Tamworth.

d) offering a drop-in service 6 days per week in Lichfield and 4 days per week in Tamworth.

e) delivering outreach work in the community alongside other agencies.

f) delivering drug awareness talks in schools and community groups.

BETTER WAY RECOVERY TRUSTEES' REPORT for the period 1 October 2022 to 31 October 2023

g) working with local drugs and alcohol services to provide an effective service to recovery seekers.

h) holding 2 family support groups per week in Lichfield.

i) providing 5.5 days per week telephone support to service users.

j) increased multi-agency working including police, probation, mental health, job centres and addiction agencies.

Achievements during the period:

a) received funding from Lichfield Locality Fund for part-time recovery co-ordinators and marketing materials

b) secured 3 years funding from National Lottery Community Fund for staffing and running costs.

c) held an annual sleepout to raise awareness for a 3rd year.

e) self-referrals to the Lichfield centre reached over 500.

f) delivered drugs awareness talks in 6 local schools.

g) received funding from Tamworth Council for an outreach worker for The Homeless Hub.

h) received funding from Public Health via Humankind STARS for an office manager, part-time recovery co-ordinators and running costs.

i) increased service provision in Tamworth to 4 days per week.

j) supported 20 service users into rehabilitation centres.

k) 10 former service users became volunteers and 2 former service users have been employed.

Financial Review:

Total income for the year was £151,649, of which £74,379 was funding from The National Lottery Community Fund RC Midlands Region Project ID 20207064, and £60,552 from other grant funders. Total expenditure was £123,027 of which £116,775 related to restricted funds and £6,252 to general unrestricted funds.

Funds caried forward were £59,386, of which £29,827 were restricted.

Reserves Policy

As a newly-formed charity, the Trustees consider that reserves of at least 6 months operational expenditure should be held in order to cover future unforeseen expenditure or a shortfall in future income. The Trustees will continue to review the level of reserves in line with this policy as the work develops.

Signed on behalf of the Trustees:

J Smith

Trustee Date: 23/05/2024

REPORT OF THE INDEPENDENT EXAMINER ON THE ACCOUNTS OF BETTER WAY RECOVERY for the period 1 October 2022 to 31 October 2023

I report to the members on my examination of the accounts of Better Way Recovery (the Organisation) for the year ended 30 September 2023.

The Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any for the period 1 October 2022 to 31 October 2023 material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts do not accord with the accounting records; or the accounts do 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.

Elizabeth M Ridler C/o Better Way Recovery Registered Office 10, Peregrine Way Heath Hayes Cannock WS11 7JX

E Ridler

Date: 23/05/2024

BETTER WAY RECOVERY Statement of Financial Activities (including Income and Expenditure Account) for the period 1 October 2022 to 31 October 2023

			period ended 31 October 2023	period ended 31 October 2023		2022
Notes			£	£	£	£
			Unrestricted Funds Restricted Funds		Total
		Income from
	2.1	Donations and Legacies
		Donations	9,220		9,220		3,040
	8	Charitable Activities
		Grants receivable:
		NLCF RC Midlands region
		Project ID 20207064	0	74,379	74,379		34,650
		NLCF RC Midlands region
		Project ID 20197183	0	0	0		6,816
	6	Other Grant Funding	0	60,552	60,552		16,381
		Fundraising Activities	2,864		2,864		2,670
	8	Sponsored Events	4,454	100	4,554		9,630
		Investments
		Bank Interest	80	0	80		10
		Total Income	16,618	135,031	151,649		73,197
	3.1	Expenditure
		Fundraising Expenditure	285	100	385		449
	8	Charitable Activities	4,662	114,834	119,496		56,193
		Other Charitable Expenditure
		Insurance	0	1,488	1,488		749
		Bank Charges	5	60	65		91
		Sundries	1,300	293	1,593		641
	9	Total Expenditure	6,252	116,775	123,027		58,123
		Net Income/(expenditure)	10,366	18,256	28,622		15,074
		Funds brought forward	19,193	11,571	30,764		15,690
5.1 and	8	FUNDS CARRIED FORWARD	29,559	29,827	59,386		30,764

The Statement of Financial Activities includes all gains and losses in the year, which derive from continuing activities.

The notes on pages 6 to 9 form part of these financial statements.

BETTER WAY RECOVERY Balance Sheet at 31 October 2023

Notes		period ended 31 October 2023	2022
		£	£
	Current Assets
6	Debtors	9,160	9,381
	Cash at bank and in hand	50,226	21,383
		59,386	30,764
	Current Liabilities
	Creditors falling due within 1 year	0	0
	Net Current Assets	59,386	30,764
	The Funds of the Charity
5.1	Unrestricted Funds	29,559	19,193
8	Restricted Funds:	29,827	11,571
	Total Funds at 31 October 2023	59,386	30,764

The notes on pages 6 to 9 form part of these financial statements.

The Financial Statements were approved by the Trustees on 17 April 2024 and were signed on its behalf by:

Trustee K Griffith

Trustee J Smith Date: 23 May 2024

BETTER WAY RECOVERY NOTES TO THE ACCOUNTS for the period 1 October 2022 to 31 October 2023

1.1 Basis of Preparation of Accounts

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

The accounts 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) issued in October 2019, and with FRS 102 - The Financial Reporting Standard Applicable in the UK and Republic of Ireland January 2022, and with the Charities Act 2011.

1.2 Going Concern Basis

There are no material uncertainties related to events or conditions that cast significant doubt on the organisation’s ability to continue as a going concern.

2.1 Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources;

and when it is probable that the economic benefits will flow to the charity; and the monetary value can be measured with sufficient reliability.

3.1 Recognition of liabilities and expenditure

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the organisation to pay out resources; and when it is probable that a transfer of economic benefits will be required in settlement;

and the amount of the obligation can be measured with reasonable certainty.

3.2 Provisions for liabilities (Accruals)

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

4.1 Debtors

Debtors are measured at the cash or other consideration expected to be received.

5.1 Fund Accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the organisation.

Restricted funds are funds subject to specific restrictions imposed by the donor, and are not available for other organisational purposes.

BETTER WAY RECOVERY NOTES TO THE ACCOUNTS for the period 1 October 2022 to 31 October 2023

6 Debtors and Prepayments

period ended Grant Receivable Prepayments 7 Employees Salaries Social Security (net of Employers' NIC Allowance) Pension contributions Other employment costs Average Employees during the year : Employees FTE 8 Movements in Restricted Funds Opening Balance Income Sponsored Walk 408 0 TNLCF: 20207064 1,982 74,379 TNLCF: 20197183 606 0 Lichfield DC- Locality Deal Fund 0 7,744 Tamworth DC - Locality Deal Fund 8,477 10,000 Public Health funding 0 40,250 Citizen Advice Mid Mercia 0 2,558 Support Staffordshire 98 0 Sponsored Events 0 100 Total 11,571 135,031	31 October 2023 9,160 0 9,160 74,067 0 2,193 4,811 81,071 3 Expenditure 408 57,246 606 6,678 11,159 40,250 328 0 100	2022 9,381 0
		9,381
		30,998 0 1,060 0
		32,058

		3
		Closing Balance 0 19,115 0 1,066 7,318 0 2,230 98 0
11,571 135,031	116,775	29,827

The sponsored walk raised funds towards the rental of a building. TNCLF: 20207064 funded centre costs including employment of workers and building rental. TNCLF: 20197183 funded salaries of part-time recovery co-ordinators.

Lichfield DC Locality Deal Fund funded part-time recovery co-ordinators and marketing materials. Tamworth DC Locality Deal Fund funded Tamworth Centre costs including Manager Salary rental costs, volunteer expenses and running costs.

Citizens Advice Mid Mercia funded an outreach worker for the Homeless Hub.

Public Health funding through Humankind STARS for an office manager, part time recovery co-ordinators and running costs.

Support Staffordshire funded purchases of PPE to maintain in-person meetings during the pandemic. This fund will be utilised during the 2023/24 financial year.

BETTER WAY RECOVERY NOTES TO THE ACCOUNTS for the period 1 October 2022 to 31 October 2023

9 Analysis of Expenditure

Employment Costs Volunteer Expenses Training Fundraising Expenses Office Costs Rent and Utilities Publicity Insurance Sundries Bank Charges Evaluation	Unrestricted Restricted Total 3095 77976 81071 583 4610 5193 0 773 773 285 100 385 251 9173 9424 591 18290 18881 32 887 919 0 1488 1488 1410 2918 4328 5 60 65 0 500 500
	6,252 116,775 123,027

10 Trustees' Remuneration and Reimbursed Expenses

No Trustees have been paid any remuneration, fees or travel expenses or received any other benefits from employment with the organisation or related entity during the period. (2022 nil)

11 Related Party Transactions

There have been no related party transactions that require disclosure during the period.

BETTER WAY RECOVERY NOTES TO THE ACCOUNTS for the period 1 October 2022 to 31 October 2023

12 Statement of Financial Activities - Comparative figures for prior year

Income from Donations and Legacies Donations Charitable Activities Grants receivable: NLCF RC Midlands region Project ID 20167192 NLCF RC Midlands region Project ID 20197183 Other Grant Funding Fundraising Activities Sponsored Events Investments Bank Interest Total Income Expenditure Fundraising Expenditure Charitable Activities Other Charitable Expenditure Insurance Bank Charges Sundries Total Expenditure Net Income/(expenditure) Funds brought forward FUNDS CARRIED FORWARD to 2022/23	Year ending 30 September 2022 £ £ £ Unrestricted FundsRestricted Funds Total 2,390 650 3,040 0 34,650 34,650 0 6,816 6,816 0 16,381 16,381 2,670 0 2,670 9,530 100 9,630 10 0 10
	14,600 58,597 73,197 349 100 449 6,991 49,202 56,193 91 658 749 91 0 91 641 0 641
	8,163 49,960 58,123 6,437 8,637 15,074 12,756 2,934 15,690
	19,193 11,571 30,764