| Health and Wellbeing Trust |
| Registered number: |
06399506 |
| Trustees Annual Report |
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| The Trustees present their report together with financial statements for the year ended 31 March 2019. |
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| REFERENCE AND ADMINISTRATIVE DETAILS |
| Trustees |
Roger Tooze - Chair |
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Caroline Reed |
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Chris Smith |
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| Company Secretary |
Chris Smith |
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| Registered Office |
13 Ashley Road, Bathford, Bath BA1 7TT |
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| Independent Examiner |
Jayne Mulligan ACMA CGMA (Director) JDM Accountancy Ltd, The Barn, Bangle Farm, Stoney Lane, Chantry, Frome. Somerset. BA11 3LH |
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| Bankers |
Triodos Bank, Deanery Road, Bristol BS1 5AS |
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| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing Document - the Trust is a charitable company limited by guarantee, incorporated on 15 March 2007, and registered as a charity on 19 December 2007. The affairs of the charitable company are governed by its Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Members guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2019 was 3. |
| Directors and Trustees - the Directors of the company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The present membership of the Board of Trustees is listed above. |
| Risk Management policy - the Trustees have a risk management strategy which comprises an annual review of the risks the charity may face, systems and procedures to mitigate those risks identified in the plan, and procedures designed to minimise any potential impact on the charity should those risks materialise. The Trustees have examined the major strategic, business and operational risks that the Trust faces and are satisfied that systems are in place to mitigate these risks. |
| Public Benefit- the Trustees have reviewed the Charity Commission's guidance on the requirement to report on public benefit. They are satisfied that the work of the Trust, as described below, accords with its stated objects and provides tangible public benefit to an appropriate section of those who reside within the Trust's area of benefit; they believe that the criteria used to assess those who may benefit are not unreasonably restrictive. |
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| VISION AND AIMS |
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| The Health and Wellbeing Trust exists to provide support for the promotion of: |
| · Integrative Healthcare Education |
| · Integrative Healthcare information |
| · Provision of Integrative healthcare services and education bursary support |
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| Bursary support is currently offered to: |
| · People with long-term and life-threatening conditions in financial difficulty |
| · Students wishing to study Integrative healthcare that are in financial difficulty |
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| ACHIEVEMENTS DURING THE YEAR |
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| During this year the charity has completed the build of digital education and information platforms for doctors, nurses, healthcare practitioners and the public which will be launched during 2020. |
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| The aims of these platforms is to promote ‘sustainable healthcare solutions for the 21st century’ that will empower the public in health self-care and help to take the strain off over-stretched NS resources. |
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| During this year the charity has also maintained its bursary support for students needing help to fund their education and people with long-term conditions seeking holistic medical, therapy and mentoring services who would otherwise have been unable to access these services. |
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| It is with deep gratitude that we thank our donors, in particular from the Pelegrine Trust, Sir Charles Jessel Charity and the Christopher Pilkington Charity who have donated funds to facilitate the building of the online education and information platforms; and from Gilly’s Gift charity who have donated dedicated funds to enable the Patient Bursary Fund to keep flowing; and to RGCC who have provided core funding for the operation of the charity. We would also like to thank especially our core Member Donors who have continued to contribute month after month to ensure the survival of the charity. |
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| FINANCIAL REVIEW |
| During 2018-19 the charity received sufficient donations to achieve our strategic development aims and to maintain our core function and bursary provision. |
| Reserves policy - it is the policy of the Trustees to hold reserves in unrestricted funds in order to establish an appropriate level of working capital and to protect the future operations of the Trust from the effects of any unforeseen material financial events. |
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| FUTURE PLANS |
| Going forward in 2019 the charity is now under new leadership of Trustees Professor Roger Tooze, Caroline Reed, Chris Smith, and Project Leader Dr Rosy Daniel. |
| Over the next three years the charity will focus upon the launch of our online education and information platforms aimed at helping to fulfil the CPD requirements of healthcare practitioners whilst also providing empowering information to the public as to how best they can avoid debilitating and costly lifestyle illness. The student and patient Bursary Funds will continue to operate. To these ends we will continue to fund raise for: |
| A £150,000 per annum three year core funding allowance |
| A £1,000 annual Patient Bursary Fund and a £1,000 Student Bursary Fund. |
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| STATEMENT OF TRUSTEE RESPONSIBILITIES |
| The Trustees (who are also Directors of The Health and Wellbeing Trust for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. |
| In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; |
| The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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| INDEPENDENT EXAMINER |
| Jayne Mulligan has kindly offered her services for this financial year for free and was duly appointed as our Independent Examiner. |
| SMALL COMPANY PROVISIONS |
| This report has been prepared in accordance with the special provisions for small companies under Section 415a of the Companies Act 2006. |
| Approved by the Trustees at their meeting on December 10th, 2019 and signed on their behalf by |
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| R Daniel – Project Leader |
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| Health and Wellbeing Trust |
| Notes to the Accounts |
| for the year ended 31 March 2019 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Other information |
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Health and Wellbeing Trust is a private company limited by shares and incorporated in England. Its registered office is: |
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13 Ashley Road |
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Bathford |
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Bathford |
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Somerset |
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BA1 7TT |
