2024-10-30-accounts - Better Way Recovery

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BETTER WAY RECOVERY

Registered Charity No. 1193773

TRUSTEES' ANNUAL REPORT and FINANCIAL STATEMENTS

for the year ending 31 October 2024

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 year ending 31 October 2024

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 (to 16/7/2024) Kathleen Griffith Danielle Byatt Marisha Place (from 20/5/2024) Janet Sutton (from 16/10/2024)

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.
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 year ending 31 October 2024

g) working with local drugs and alcohol services to provide an effective service to recovery seekers.
h) holding 1 family support group per week in Lichfield.
i) providing 5 days per week telephone support to recovery seekers.

j) increased multi-agency working with all key agencies, including police, probation, mental health, job centres and local councils.

Achievements during the period:

a) held an annual sleepout and fun day for a 4th year.

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

c) delivered drug awareness talks in 7 local schools.

d) there were 306 self-referrals to the service.

e) secured a 2nd year of funding for the Homeless Hub funded by Tamworth Council.

f) Support Staffordshire 10 year anniversary awards achieved Governance Great Award.

g) received a nomination for King's Award for Voluntary Services.

h) commenced a 12 week structured abstinence based programme.

i) became part of Staffordshire Partnership for Drugs and Alcohol Services.

j) Staffordshire Treatment and Recovery Service (STARS) key worker id based in Lichfield for 4

days per week.

k) secured a further year of funding from Lichfield Locality Deal fund and Public Health

to employ recovery co-ordinators for 3 days per week.

l) built relationships with rehabilitation centres in Nottingham and Derby.

m) a former recovery seeker was employed and 5 former recovery seekers became volunteers.

Financial Review:

Total income for the year was £156,522, of which £42,075 was funding from

The National Lottery Community Fund RC Midlands Region Project ID 20207064, and £101,929 from other grant funders.

Total expenditure was £165,054 of which £161,966 related to restricted funds and £3,088 to general unrestricted funds.

Funds caried forward were £50,854 of which £11,915 were restricted.

Reserves Policy

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 continues to develop.

Signed on behalf of the Trustees:

Trustee

Date:

REPORT OF THE INDEPENDENT EXAMINER ON THE ACCOUNTS OF BETTER WAY RECOVERY for the year ending 31 October 2024

I report to the members on my examination of the accounts of Better Way Recovery (the Organisation) for the year ending 31 October 2024.

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

Date:

BETTER WAY RECOVERY Statement of Financial Activities (including Income and Expenditure Account) for the year ending

31 October 2024

Notes
Income from
2.1
Donations and Legacies
Donations
9
Charitable Activities
Grants receivable:
NLCF RC Midlands region
Project ID 20207064
6
Other Grant Funding
Fundraising Activities
9
Sponsored Events
Sundry Income
Investments
Bank Interest
Total Income
3.1 Expenditure
Fundraising Expenditure
9
Charitable Activities
Other Charitable Expenditure
Insurance
Bank Charges
Sundries
9 Total Expenditure
Net Income/(expenditure)
Funds brought forward
5.1 and 9
FUNDS CARRIED FORWARD

period to
2024
31-Oct-23
£
£
£
£
Unrestricted Funds Restricted Funds
Total
3,533
3,533
9,220
600
600
0
42,075
42,075
74,379
0
101,929
101,929
60,552
558
50
608
2,864
6,208
0
6,208
4,554
1,474
0
1,474
0
95
0
95
80
12,468
144,054
156,522
151,649
109
50
159
385
0
160,273
160,273
119,496
0
1,348
1,348
1,488
0
60
60
65
2,979
235
3,214
1,593
3,088
161,966
165,054
123,027
9,380
(17,912)
(8,532)
28,622
29,559
29,827
59,386
30,764
38,939
11,915
50,854
59,386

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 2024

Notes Current Assets 6 Debtors Cash at bank and in hand Current Liabilities 7 Creditors falling due within 1 year Net Current Assets The Funds of the Charity 5.1 Unrestricted Funds 9 Restricted Funds: Total Funds at 31 October 2024	2024 £ 5,207 50,983 56,190 5,336 50,854 38,939 11,915 50,854	period to 31-Oct-23 £ 9,160 50,226 59,386 0 59,386 29,559 29,827 59,386

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

The Financial Statements were approved by the Trustees on 10 March 2025 and were signed on its behalf by:

Trustee

Date:

BETTER WAY RECOVERY NOTES TO THE ACCOUNTS for the year ending 31 October 2024

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 year ending 31 October 2024

6 Debtors and Prepayments Grant Receivable Prepayments 7 Creditors falling due within one year Grants accrued Other liabilities 8 Employees Salaries Social Security (net of Employers' NIC Allowance) Pension contributions Other employment costs Average Employees during the year : Employees FTE 9 Movements in Restricted Funds Opening Balance Income TNLCF: 20207064 19,115 42,075 Lichfield DC- Locality Deal Fund 1,066 14,025 Tamworth DC - Locality Deal Fund 7,318 10,000 Public Health funding 0 70,093 Citizen Advice Mid Mercia 2,230 7,811 Support Staffordshire 98 0 Sponsored Events 0 50 Total 29,827 144,054	2024 5,207 0 5,207 5,336 0 5,336 110,317 0 3,025 515 113,857 4 Expenditure 59,259 10,441 12,122 70,093 9,903 98 50 161,966	period to 31-Oct-23 9,160 0 9,160 0 0 0 74,607 0 2,193 4,811 81,611 3 Closing Balance 1,931 4,650 5,196 0 138 0 0 11,915

TNCLF: 20207064 funded centre costs including employment of workers and building rental. Lichfield DC Locality Deal Fund funded part-time recovery co-ordinators and marketing materials. Tamworth DC Locality Deal fund funded Tamworth centre costs including staff costs, office rental, volunteer expenses and running costs.

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

Citizens' Advice Mid Mercia funded an Outreach Worker for the Homeless Hub. Support Staffordshire funded purchases of PPE.

Sponsored events supported costs of the fun day.

BETTER WAY RECOVERY NOTES TO THE ACCOUNTS for the year ending 31 October 2024

10 Analysis of Expenditure

Employment Costs Volunteer Expenses Training Fundraising Expenses Office Costs Rent and Utilities Publicity Insurance Sundries Bank Charges Evaluation	Unrestricted Restricted Total 117828 117828 8723 8723 1100 1100 109 50 159 7619 7619 21802 21802 1229 1229 1348 1348 2979 2207 5186 60 60 0 3,088 161,966 165,054

11 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 year. (2023 - nil)

12 Related Party Transactions

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