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2025-03-31-accounts

Trustees’ Annual Report for the period

From 22[nd] May 2024 Period start date To 31[st] May 2025 Period end date

Charity name: Well Foundation

Charity registration number: 1208346

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the CIO are to advance in
life and relieve the needs of
children and young people up to the age
of 25 through:
(a) The provision of recreational leisure
time activities provided in
the interest of social welfare, designed to
improve their
conditions of life;
(b) Providing support and activities which
develop their skills,
capacities and capabilities to enable
them to participate in
society as mature and responsible
individuals;
(c) Advancing education; and
(d) The provision of a mentoring
programme with a view to
promoting social integration.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 Main activities to date are the provision
of gym coaching sessions, by way of an
introduction to the use of a gym, weights
and equipment, personal training
assessments and plans, nutrition advice
and healthy living. Participants join small
groups together with a Personal Trainer
who provides support and guidance.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Trustees can confirm regard to the
guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference N/A Para 1.38 Policy on grant making

N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38 Contribution made by volunteers N/A Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 This is the organisations first year of
existence with activity only commencing
in December 2024.

The main activity has been the
delivery of the Youth Performance
Pathway (YPP) in partnership with
a Rochdale based gym, Trident
Health & Performance (Trident).
These heavily subsidised sessions
provide young people with
professional training plans and
support in a private, appointment
only gymnasium, with access to
equipment, materials and
professional guidance.

To date 22 evening sessions have
been delivered with a total of 73
participants.

We now have a register and
tracker in place to monitor
attendance.

We have also recently introduced
a Wellness survey for participants
to complete on entry to the
programme and monthly thereafter
to monitor progress.

The next stage of development is
to enter this data into an
evaluation tool, designed by
Manchester Business School, that
will allow us to measure and
report on our Social Return on
Investment (SROI).

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Please see P&L below
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves policy is 5 times monthly
operating expenditure.
Amount of reserves held Para 1.22 Over 5 times monthly expenditure
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern
 Para 1.23
 N/A

Profit and Loss Well Foundation For the 8 months ended 31 March 2025

AUG2024-MAR 2025

Turnover
Interest Income 17.36
Other Revenue 21,205.
00
Total Turnover 21,222.
36
Gross Proft 21,222.
36

Administrative Costs

Total Turnover
Gross Proft
Administrative Costs		 21,222.
36
21,222.
36
Audit & Accountancy fees 5.45
Bank Fees 15.00
Consulting 1,000.
00
Printing & Stationery 118.25
Total Administrative Costs 1,138.
70
Operating Proft 20,083.
66
Proft on Ordinary Activities Before Taxation 20,083.
66

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted

A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 CIO constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustee selection methods are adopted
from the model CIO constitution from
Charity Commission. No additional
provisions included.

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Well Foundation
Other name the charity uses
Registered charity number 1208346
Charity’s principal address 31 George Street, Rochdale, OL16 2DF

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Paul Ferry Chair
AndyLavery
Ash Greenhalgh
Ben Cole
Gill Sarginson
Jonathan Lumb

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Paul Ferry Position (eg Secretary, Chair Chair, etc) Date 25/4/25

Charity Name No (if any) Well Foundation 1208346 Receipts and payments accounts For the period 5/22/2024 3/31/2025 To from

CC16a

Section A Receipts and payments
A1 Receipts
Donation from Paul Ferry
20,000
Action Together micro-grant
1,200
Bank interest
17
Bank charge refund
5
-
-
-
-
21,222
-
-
Sub total -
Total receipts 21,222
A3 Payments
Andrew Lavery
480
Aidan Tait
520
Audit & Accountancy
5
Bank Fees
15
Printing& Stationery- Elite Design
118
-
-
-
-
Sub total 1,139
-
-
Sub total -
Total payments 1,139
Net of receipts/(payments) 20,084
A5 Transfers between funds
-
A6 Cash funds last year end
-
Cash funds this year end 20,084
Unrestricted
funds
to the nearest £
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
A4 Asset and investment
purchases, (see table)		 to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
funds		 to the nearest £
Endowment
funds		 Total funds
to the nearest £
20,000
1,200
17
5
-
-
-
-
21,222
-
-
-
21,222
480
520
5
15
118
-
-
-
-
1,139
-
-
-
1,139
20,084
-
-
20,084		 Last year
to the nearest £
-
-
-
-
-
-
-
-
-		 20,000 -
1,200 -
17 -
5 -
- -
- -
- -
- -
21,222 -
-
-
-		 -
- -
- -
- 21,222 -
-
-
-
-
-
-
-
-
-
-		 480 -
520 -
5 -
15 -
118 -
- -
- -
- -
- -
1,139 -
-
-
-		 -
-
- -
- 1,139 -
- -
-
-
-		 20,084 -
- - -
- - -
- 20,084 -

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on
behalf of all the trustees		 Details
HSBC Bank accounts
Details
Details
Details
Details
Signature
Total cash funds
(agree balances with receipts and payments
account(s))		 to nearest £
to nearest £
20,084
-
-
-
-
-
20,084
-
OK
OK
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Print Name
Paul Ferry
Unrestricted
funds
Restricted
funds
Unrestricted
funds
Restricted
funds
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates
Amount due
(optional)		 to nearest £
Endowment
funds
-
-
-
-
OK
to nearest £
Endowment
funds
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Paul Ferry 4/25/2025