Charity registration number 1201806
Company registration number 12082101 (England and Wales)
THE OLD BANK WELLBEING TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
THE OLD BANK WELLBEING TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Carl Guy (Chair)
Daniella Guy
Claire Howell (Deputy Chair)
Beruk Berhane
Dr Timothy Caroe (Treasurer)
Natalie Graham
Nicholas Hazell (Secretary)
Charity number
1201806
Company number
12082101
Principal address
The Old Bank
23-25 Brassey Avenue
Eastbourne
East Sussex
BN22 9NH
Registered office
The Old Bank
23-25 Brassey Avenue
Eastbourne
East Sussex
BN22 9NH
Independent examiner
John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
THE OLD BANK WELLBEING TRUST
CONTENTS
Page
Chairperson's Overview
1 - 2
Trustee's report
3 - 5
Statement of trustee's responsibilities
6
Independent examiner's report
7
Statement of financial activities
8
Balance sheet
9
Notes to the financial statements
10 - 19
THE OLD BANK WELLBEING TRUST
CHAIRPERSON'S OVERVIEW
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The year began with our newly restructured management team which now includes Emily (Counselling Manager), Jacqui (Office Manager) and Alan (Development Manager). Our team of counsellors, who received a pay increase in June, has now risen to 70 members. In addition to the £6,800 grant from The Mayor’s Charity at the end of our last financial year, we continue to benefit from the grant support from the Veteran’s Foundation awarded last year. In our first two months of the current financial year, we have secured £6K in grant funding from Chalk Cliff Trust (£5K) and Homity Trust (£1K). A further 15 grant applications have been submitted, of which 9 are still pending a response.

We remain committed to achieving financial sustainability within the next 3 years, which we hope to reach by implementing a range of new initiatives including:

Together, these initiatives should begin to reduce our reliance on grant funding from approximately £40K to a target of less than £10K annually, thus ensuring more reliable sustainability for the future. 

 

Thanks to the following organisations for their grants/donations:

THE OLD BANK WELLBEING TRUST
CHAIRPERSON'S OVERVIEW (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -

Thanks to the following organisations for their collaboration:

We look forward to furthering our partnership with these and other organisations in the future.

Private donations – while many of our private donors over the year wish to remain anonymous, we wish to thank you publicly here, you know who you are!

..............................
Mr C Guy
Chairman
Date: .........................
THE OLD BANK WELLBEING TRUST
TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -

The trustees of The Old Bank Wellbeing Trust present their annual report and financial statements for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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).

Objectives and activities

The vision of the TOB is that it becomes a significant source of affordable counselling to the Public using bursary funding to help cover some of the cost of receiving timely treatment. TOB is here to assist clients, who are in need, in order to help those beneficiaries experience a better quality of life.

Its objects are as follows:

Values

 

Compassion & Accessibility: This dual value speaks to the heart of the charity's mission. Compassion is the driving force behind providing TOB’s mental health services to those who need them the most. Coupled with accessibility, it ensures that the services are not only available to all but also provided in a manner that is empathetic and understanding of individual circumstances.

 

Financial Sustainability & Support: Financial sustainability is crucial for the charity to continue its mission over the long term. It includes being wise with funds, fundraising effectively, and ensuring that services can be offered at low or no cost through a bursary or sliding scale system. This value also communicates to donors and clients that their investment or use of services contributes to a stable, ongoing resource in the community.

 

Professionalism & Trustworthiness: A charity that offers specialist mental health therapy must be seen as professional and trustworthy. This means employing qualified therapists, maintaining confidentiality, and ensuring a safe and supportive environment for clients. Professionalism in this context does not only mean having the right qualifications but also refers to the manner in which services are delivered—consistently, competently, and with care.

 

Tailored Care & Individual Focus: Recognising that each client is unique and not just another client in the system reflects a commitment to individualised care and something TOB do well. This value encompasses the tailored matching of therapists to clients, the thoughtful consideration of each person's needs, and the flexible approach to therapy. It ensures that clients feel seen, heard, and cared for on a personal level.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

THE OLD BANK WELLBEING TRUST
TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
Achievements and performance

Public benefit & impact

 

(1) Counselling Appointments

533 active counselling clients (seen by 70 counsellors)

    

Total Individual Appointments                        5887    95%

Total Couples Appointments                         306    05%

Total Counselling Appointments                        6193    

        

Total Student Counsellor Appointments                    2261    37%

Total Qualified Counsellor Appointments                    3437    55%

Total Specialist Counsellor Appointments                     495    08%

                                     6193    

 

Total Bursary Appointments                        1334    22%

Total Student/No Bursary                            1846    29%

Total Subsidised Appointments                        3180    51%

(2) Assessments

Assessment Adult                             213 70%

Assessment CYP                             91 30%

Total Assessments                              304    

 

(3) Supervision (TOB)

QC (Qualified Counsellor; SC Student Counsellor)

86         TOB QC                             £1,500

156         TOB SC (free)                         £0

 

(4) Reflective Practice Supervision & Counselling Supervision (1-1)     

External including TOB counsellors in private practice

17    counselling supervision sessions                     £ 855

31    reflective practice supervision individual sessions             £1,615

23    reflective practice supervision group sessions             £ 725

Financial review

Income during the year ended 30th June 2024 was £351,468 (2023: £274,727). Net movement in funds for the year was a surplus of £55,084 (2023: £21,608).

 

As at 30th June 2024 unrestricted funds were £63,762 and restricted funds stood at £30,311.

Reserves policy

TOB currently maintains a small amount of reserves, which might not be sufficient to address potential risks or changes in circumstances that could affect TOB’s operations and TOB’s ability to fulfil its charitable objectives.

To mitigate these risks and ensure the stability of TOB’s operations, TOB has decided to aim for reserves of three months’ worth of expenditure, currently approximately £74,000 This amount has been determined as a suitable level to provide a buffer against uncertainties.

Major risks

The trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

THE OLD BANK WELLBEING TRUST
TRUSTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
Structure, governance and management

The Old Bank Wellbeing Trust (TOB) is a charitable company limited by guarantee and not having a share capital, with registration number 12082101. It is recognised as a charity for tax purposes by HMRC and is registered with the Charity Commission under charity number 1201806.

Key points relating to governance are as follows:

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Carl Guy (Chair)
Daniella Guy
Claire Howell (Deputy Chair)
Beruk Berhane
Dr Timothy Caroe (Treasurer)
Natalie Graham
Nicholas Hazell (Secretary)
Organisational structure

A new senior leadership team was formed in July 2024 consisting of Alan Smithson (Development Manager), Emily Heseltine (Counselling Manager) and Jacqui Thornett (Office Manager). The senior leadership team work with the trustees and report directly to them on all activities and issues. There are a further 5 members staff working within the administration team.

 

The trustee's report was approved by the Board of Trustees.

Daniella Guy
Trustee
25 March 2025
THE OLD BANK WELLBEING TRUST
STATEMENT OF TRUSTEE'S RESPONSIBILITIES  
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the or of the company for that period. In preparing these financial statements, the directors are required to:

 

select suitable accounting policies and then apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE OLD BANK WELLBEING TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE OLD BANK WELLBEING TRUST
- 7 -

I report to the trustees on my examination of the financial statements of The Old Bank Wellbeing Trust (the Trust) for the year ended 30 June 2024.

Responsibilities and basis of report

As the trustees of the Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

 

1

accounting records were not kept in respect of the Trust as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Dated: 26 March 2025
THE OLD BANK WELLBEING TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
61,961
3,975
65,936
23,093
21,229
44,322
Charitable activities
4
238,032
47,500
285,532
211,405
19,000
230,405
Total income
299,993
51,475
351,468
234,498
40,229
274,727
Expenditure on:
Charitable activities
5
262,076
34,308
296,384
202,422
50,697
253,119
Total expenditure
262,076
34,308
296,384
202,422
50,697
253,119
Net income
37,917
17,167
55,084
32,076
(10,468)
21,608
Transfers between funds
14
7,936
(7,936)
-
(31,548)
31,548
-
Net movement in funds
45,853
9,231
55,084
528
21,080
21,608
Reconciliation of funds:
Fund balances at 1 July 2023
17,909
21,080
38,989
17,381
-
17,381
Fund balances at 30 June 2024
63,762
30,311
94,073
17,909
21,080
38,989

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE OLD BANK WELLBEING TRUST
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
1,170
812
Current assets
Debtors
11
645
3,143
Cash at bank and in hand
96,594
37,674
97,239
40,817
Creditors: amounts falling due within one year
12
(4,336)
(2,640)
Net current assets
92,903
38,177
Total assets less current liabilities
94,073
38,989
The funds of the Trust
Restricted income funds
14
30,311
21,080
Unrestricted funds
15
63,762
17,909
94,073
38,989

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 25 March 2025
Daniella Guy
Claire Howell (Deputy Chair)
Trustee
Trustee
Company registration number 12082101 (England and Wales)
THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
1
Accounting policies

This is the first period of account since the company was registered as a charity.

Company information

The Old Bank Wellbeing Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is The Old Bank, 23-25 Brassey Avenue, Eastbourne, East Sussex, BN22 9NH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Trust's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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). The Trust is a Public Benefit Entity as defined by FRS 102.

 

The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Donated goods and services given for use by the Trust are recognised when receivable, and are valued at a best estimate of market value. Stocks of undistributed donated goods are not valued for balance sheet purposes.

THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies (Continued)
- 11 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures, fitting and computer equipment
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies (Continued)
- 12 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12

Deferred income

Where income is received for a specific project, the income is deferred until that project commences, in order for the income to be matched with the corresponding expenditure.

2
Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
60,406
3,975
64,381
22,668
21,229
43,897
Donated goods and services
1,555
-
1,555
425
-
425
61,961
3,975
65,936
23,093
21,229
44,322

Donated goods and services above includes various items that have been gifted to the Trust, including office equipment and training services.

 

The above figure does not include the estimate of time donated by volunteers. Two of the trustees offer clinical services free of charge, and it is estimated that this equated to around 346 hours of combined time, with an estimated value of £15,330 for the year and two other qualified counsellors offered their time for free for 389 hours totaling £6,915.

 

No provision has been made for the premises provided rent free by The Guy & Co Charitable Trust, as referenced in note 17.

4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Charitable activities
Counselling fees
238,032
2,500
240,532
211,405
1,250
212,655
Grants
-
45,000
45,000
-
17,750
17,750
238,032
47,500
285,532
211,405
19,000
230,405
THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
5
Expenditure on charitable activities
Charitable activities
Charitable activities
2024
2023
£
£
Direct costs
Staff costs
138,326
93,086
Depreciation and impairment
480
1,031
Marketing
39
259
Training
3,197
200
Travel and staff expenses
261
-
Insurance
950
1,149
Telephone and IT
3,133
4,047
Utilities
7,076
7,774
Bank Fees
2,710
2,533
Building maintenance
-
336
Printing, postafe and stationery
969
1,072
Sundry expenses
1,451
2,501
Cleaning
2,501
2,614
Small equipment, repairs and maintenance
4,430
2,855
Counsellors fees
121,318
119,115
Resources
2,746
6,360
Licences and subscriptions
1,915
2,413
291,502
247,345
Share of support and governance costs (see note 6)
Governance
4,882
5,774
296,384
253,119
Analysis by fund
Unrestricted funds
262,076
202,422
Restricted funds
34,308
50,697
296,384
253,119
6
Support costs allocated to activities
Charitable activities
Total
2024
2023
£
£
Governance
4,882
5,774
THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
6
Support costs allocated to activities (Continued)
- 15 -
2024
2023
Governance costs comprise:
£
£
Accountancy
3,804
5,739
Legal and professional
1,078
35
4,882
5,774
7
Trustees

Two trustees received reimbursement of expenses in the year totaling £7,160, relating to charity running costs.

 

Total donations from trustees and their related parties amounted to £52,025.

 

8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
8
8
Employment costs
2024
2023
£
£
Wages and salaries
131,726
92,195
Social security costs
4,571
-
Other pension costs
2,029
891
138,326
93,086
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024
2023
£
£
Aggregate compensation
73,922
8,400

Key management personnel comprises the senior leadership team of Alan Smithson (Development Manager), Emily Heseltine (Counselling Manager) and Jacqui Thornett (Office Manager).

THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 16 -
9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10
Tangible fixed assets
Fixtures, fitting and computer equipment
£
Cost
At 1 July 2023
4,122
Additions
837
At 30 June 2024
4,959
Depreciation and impairment
At 1 July 2023
3,309
Depreciation charged in the year
480
At 30 June 2024
3,789
Carrying amount
At 30 June 2024
1,170
At 30 June 2023
812

 

11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
645
3,143
12
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
1,696
-
Accruals and deferred income
2,640
2,640
4,336
2,640
13
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
2,029
891
THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
13
Retirement benefit schemes (Continued)
- 17 -

The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.

14
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2023
Incoming resources
Resources expended
Transfers
At 30 June 2024
£
£
£
£
£
Guy Charitable Trust fund
7,936
-
-
(7,936)
-
Mankind fund
1,550
2,500
(3,558)
-
492
Bursary fund
7,284
2,225
(7,270)
-
2,239
Chalk Cliff Trust fund
-
5,000
(300)
-
4,700
SWAG fund
660
1,750
(1,940)
-
470
Homity Trust fund
1,000
-
(1,000)
-
-
Adfam fund
2,650
-
(1,450)
-
1,200
National Lottery fund
-
10,000
(9,800)
-
200
Albert Hunt fund
-
4,000
(3,650)
-
350
John Jackson Trust fund
-
4,000
(1,950)
-
2,050
Magdelen Trust fund
-
2,000
(2,000)
-
-
Veterans Foundation fund
-
20,000
(1,390)
-
18,610
21,080
51,475
(34,308)
(7,936)
30,311
Previous year:
At 1 July 2022
Incoming resources
Resources expended
Transfers
At 30 June 2023
£
£
£
£
£
Guy Charitable Trust fund
-
20,000
(12,122)
59
7,937
Mankind fund
-
5,000
(4,415)
965
1,550
Bursary fund
-
1,229
(14,270)
20,324
7,283
Chalk Cliff Trust fund
-
5,000
(5,000)
-
-
SWAG fund
-
3,000
(2,340)
-
660
Homity Trust fund
-
1,000
(215)
215
1,000
Langney Community Centre fund
-
-
(1,000)
1,000
-
Adfam fund
-
5,000
(2,350)
-
2,650
National Lottery fund
-
-
(8,985)
8,985
-
-
40,229
50,697
31,548
21,080
THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
14
Restricted funds (Continued)
- 18 -

Mankind Fund - this fund contains receipts to provide additional support to clients referred from the local Mankind support group.

 

Chalk Cliff Trust - this is an additional fund towards bursaries.

 

SWAG fund - contains funds for referrals from the Southern Wellness Action Group.

 

Homity fund - this contains monies to enable us to provide bursaries.

 

Langey fund - this represents monies towards the support of Langey residents.

 

Adfam fund - this relates to monies for the provision of addiction support referrals.

 

Albert Hunt fund - this relates to monies for the provision of support to children and young people under 16.

 

John Jackson Trust fund - this relates to monies for the overhead costs.

Magdalen Trust fund - this relates to monies for the provision of support to children and young people under 25.

 

Veterans Foundation fund - this relates to monies for the provision of support to clients referred from specific Armed Forces Organisations.

 

National Lottery fund - this relates to monies for the provision of support for emotional support for families in financial hardship.

 

Guy Charitable Trust fund - during the year it was decided this fund was not actually a restricted fund and the balance was transferred to the unrestricted fund.

 

Due to the way that costs have been allocated against the relevant restricted fund, some funds had a negative balance in 2023. Transfers have therefore been included to reimburse these negative funds from unrestricted reserves.

15
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2023
Incoming resources
Resources expended
Transfers
At 30 June 2024
£
£
£
£
£
General funds
17,909
299,993
(262,076)
7,936
63,762
Previous year:
At 1 July 2022
Incoming resources
Resources expended
Transfers
At 30 June 2023
£
£
£
£
£
General funds
17,381
234,498
(202,422)
(31,548)
17,909
THE OLD BANK WELLBEING TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 19 -
16
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 June 2024:
Tangible assets
1,170
-
1,170
Current assets/(liabilities)
62,592
30,311
92,903
63,762
30,311
94,073
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 30 June 2023:
Tangible assets
812
-
812
Current assets/(liabilities)
17,097
21,080
38,177
17,909
21,080
38,989
17
Related party transactions

The Trust was founded by The Guy & Co Charitable Trust with two common directors/trustees. The Trust use premises provided by The Guy & Co Charitable Trust under a 25 year lease dated 1st July 2024 with an annual rent of £1. The Trust received donations of £50,000 from The Guy & Co Charitable Trust during the year.

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