HEART N SOUL
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
KINGSTON BURROWES AUDIT LTD
308 Ewell Road
Surbiton
Surrey
KT6 7AL

HEART N SOUL
Contents
Page
Trustees, Annual Report
2-14
Independent Auditor's Report
15-19
Statement of Financial Activities
20
Balance Sheet
21
Cash Flow Statement
22
Notes to the Financial Statements
23-32

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Reference and Administrative Details
Charity name:
Heart n Soul
Charity number: 1023467
Company number: 02830733
Registered I Principal office:
The Albany
Douglas Way
Deptford
London SE8 4AG
Trustees:
Kate Linsky
Simon Platz, Treasurer
Shalim Ali
Lilly Cook
Pino Frumiento MBE
Hannah Kent
Michael Price
Tim Adnitt
Sue Williams
Sarah Scott
David McNicholas
Sebastian Golgiri (from 27 March 2025)
Artistic Director I Chief Executive
Mark Williams MBE
Auditor
Kingston Burrowes Audit Ltd
308 Ewell Road
Surbiton
Surrey
KT6 7AL
Bankers
HSBC
275 Greenwich High Road
Greenwich
London SE10 8NF

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
Objectives and activities
Who we are
Heart n Soul is an award winning creative community and arts charity. We
believe in the power and talents of people with learning disabilities and
autistic people. We work together to make great art with imagination, love
and trust.
At Heart n Soul everyone is valued, and leadership is shared. We can be
ourselves, make change happen and have fun! Our vision is of everyone
living full and equal lives with independence, freedom and pride.
Our Values are Fun, Creative, Change, Equal, Kind, Quality and Inventive.
Whatwe do
We offer opportunities for people to:
Create: Be creative, explore and share their talents in ways that they
choose
Connect: Make new friends and connections, in Heart n Soul, the local
community and wider society
Change: Use art and creativity to make change in various areas that
impact the wider community, becoming leaders alongside others both
inside and outside Heart n Soul
We do this through..
Art: We create opportunities for people to develop as artists, collaborate with
others, and create and share their work in different ways.
Taking Part: We run high quality creative arts activities designed by, with and
for people with learning disabilities and autistic people.
Sharing". We share our art, our creativity and how we do things with others.
We create more equal relationships and explore better ways of doing things
together.
In putting together our objectives, the Trustees have paid attention to the
Charity Commission's guidance on public benefit.

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
How we measure success
Our 2022 - 2026 strate
is co-designed by learning disabled people and
autistic people and sets out the change we want to see:
People with learning disabilities and autistic people create high quality art and
ideas that inspire and change peoples, lives.
They are more connected, have greater confidence and wellbeing, and lead
change that improves their lives and the lives of others.
Society has a greater understanding of what people with learning disabilities
and autistic people can do, and what they offer everyone.
We understand the impact and progress we are making by finding accurate
ways to check that:
Learning disabled and autistic people feel more connected, more
confident and well.
They gain new skills and knowledge.
Their work is experienced by a wider range of people both in the local
community and through mainstream channels.
Organisations adopt and build on Heart n Soul's ideas and approach
Our approach
At Heart n Soul people with and without learning disabilities and autistic
people collaborate with each other in a truly equal and inclusive way.
Learning disabled and autistic people have voice and representation in all
parts of the organisation and co-produce all our activities.
We believe in the value for everyone of being present, open, creative, artist-
led and loving. We listen to what people want to do and help them to create,
connect and make change happen.
Our creativity encourages new ideas and 'out of the box, thinking. We make
space for people to ask questions, talk about what is important to them and
imagine new ways of seeing, relating, being, doing and learning. Everyone
feels part of what we do and can develop their creativity and share their
ideas. What people learn at Heart n Soul helps them in other parts of their
lives.

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
We are inspired by and collaborate with many artists across varied art forms
and connect our activities together. We share with others deeply and widely
in as many places as possible so that other people can experience our
different approaches and see the benefits that our artists, creative vision has
for everybody.
We work with partner organisations to achieve our goals so that we may
share our vision within and beyond the arts widely and in a sustainable way.
We are continuously flexible and responsive, and we have a lot of fun.
Beneficiaries are aged between 10 and 65, and over 98 % have disabilities
ranging from mild or moderate to severe and complex. 51 % are from global
majority communities. Many are subject to multiple disadvantages including
social isolation and economic hardship and can be highly vulnerable. We
work with people who live near to our Deptford base in Lewisham and in
adjacent boroughs as well as across London, nationally and internationally.
Volunteers both with and without learning disabilities support participants to
take part in creative sessions and are part of front of house teams at events,
providing information to the public. This year we more than doubled the
number of volunteers supporting Heart n Soul.
Structure. governance and management
Heart n Soul is a company limited by guarantee and a registered charity. The
governing document is a Memorandum and Articles of Association dated 28th
June 1993 and most recently updated on 24th May 2012. We receive 36 % of
our income from Arts Council England. We raise the remainder from grants
from charitable trusts and foundations, earned income from fees and
commissions, tickets sales and donations from individuals.
The Board of Trustees meets quarterly, with additional work done by four
sub-committees. A staff team of 11 works closely with a pool of around 100
artists, practitioners and experts. Learning disabled and autistic people are
involved at every level of our organisation (from Board through to staff,
steering teams, planning and strategic thinking), working with us to develop
our plans and priorities and to monitor and feedback on our programmes.
This demonstrates our commitment to quality, integrity and equality, which
ensures that we deliver programmes that touch and change peoples, lives.

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
Trustees are selected to the Board through a process of election by the
trustees. They receive a personal and detailed induction by the Co-chairs,
Chief Executive and Associate Director.
In 2024-2025 we welcomed Sebastian Golgiri as a new young Trustee,
representing a voice of younger people/artists at Heart n Soul.
The Board of trustees are led by Lilly Cook and Kate Linsky who are Co-
Chairs of the organisation.
67 % of our trustees and 27 % of our staff are disabled.
The Finance Sub-committee meets every quarter to oversee the financial
position and to report on the latest quarterly accounts. Other sub-committees,
such as the Strategy Group, or What's Next Group, convene as and when
they are required.
The Personnel Sub~Committee is responsible for the remuneration policy of
the staff. The salary of the Artistic DirectorlCEO is reviewed each year in
February and may be adjusted for performance or inflation. A comparison
with rates for similar roles in our sector is also undertaken. The Personnel
Sub-committee makes a recommendation to the Board, who make the final
decision.
Summary of the year
This year people with learning disabilities and autistic people have shown
more leadership and taken more decisions about what happens at Heart n
Soul.
We have continLJed to realise and put into practice our aim of going deeper
as well as wider with our work. We have influenced local organisations as
well as larger ones, from local day centres and local authorities to the
Department of Health and Social Care and the National Gallery, as we
implement our Create Connect Change strategy and contribute to making
real systemic change.

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
stakeholders have not only recognised our authentic approach to sharing
power with people with learning disabilities and autistic people, but they have
also wanted to understand how and why we do this. We have experienced an
exponential growth in people wanting to work with us - enquiries are at an
all-time high, demand for taking part and creative sessions is close to
capacity, there is a waiting list for volunteers, students want to write their
dissertations about how we work and Government and institutions are keen
to understand how to let go of power in order to make genuine space for
collaboration.
We are proud to share the success of this new way of working
earned
income from core activity in the previous year, 2023-2024, was £22,343. In
2024-2025 it was £104,269- a percentage increase year on year of 364 % .
1. Achievements and performance
We've reached more people, built stronger partnerships, and been clearer
about how we work. Our new Sharing Power graphic is helping us and others
see how power is shared in partnerships. So far, we've shared it with over 40
individuals and organisations.
Our programmes are frequently full, with more people wanting to join. 224
people regularly took part. Heart n Soul artists and participants performed or
took part in 25 shows and events reaching around 10,000 people.
A big theme this year has been working together fairly and building trust. Our
strategic partnerships with the Health Foundation, Greenwich Council and
Wellcome continued to deepen and create change, leading to new ways of
working together. We started to work with the National Gallery and award-
winning conceptual artist Jeremy Deller on The Triumph of Art.
2. Artists
This year, artists, designers and DJS had more opportunities to perform and
showcase their work at multiple major UK events, festivals and gigs. These
included performances at the Queen Elizabeth Hall, the Mish Mash Family
Trail at the Royal Festival Hall, Smugglers, Supernormal and Shambala
Festivals, Wales Millenium Centre, EartH and Café OTO in Hackney, and
Squid Ink DJ Night and the Deptford Literature Festival at our home base,
The Albany. Wellcome Collection co-produced and hosted our pioneering
inclusive club night, the Beautiful Octopus Club.

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
Music creators had 84 sessions to develop skills, create new work, and
collaborate. New releases included a second EP from Sebastian Golgiri and
a collaboration with Robyn Rocket's album, 'Robyn Rocket and People You
May of Heard of,, which featured seven artists from Heart n Soul and gained
widespread air play and exposure on BBC 6 Music, Radio 3 and Worldwide
FM.
On October 9th, Google featured the late and much missed Lizzie Emeh as
their Google Doodle for the day. We had over 100,000 extra views across
social media just on that day as result of the extra profile.
3. Taking Part
Young People aged 10-25
12 Do Your Own Thing events featuring 60 sessions, reached 108
young people.
45 creative sessions covered DJing, music-making, art, digital artlvideo
and radio.
26 young co-producers shaped the project.
Adults aged 18+
Our Allsorts programme grew to 140 participants (a 12 % increase).
Participants attended 24 creative events, all co-designed with them.
48 sessions of our inclusive Choir, with over 50 people taking part.
99 regular online sessions (movement and dance, art).
Other highlights
4 Deptford Club Nights hosted by 26 young people, reaching 282
audience members.
16 Feel Good Designers created artwork for the sold-out Beautiful
Octopus Club.
4. Partnerships and Change
Our partnerships now go beyond the arts into health, care, design, research,
and technology, opening new opportunities for learning disabled and autistic
people.

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
Greenwich Council
Following the success of Allsorts on Tour at Sherard Road Day
Opportunities Centre in Eltham the previous year, we supported their
new Community Voices project.
Staff and participants embraced new creative approaches using our
model and responded positively to peer mentoring by our co-producers.
From October 2024, we began working with Greenwich Council and
University of Birmingham to study this culture change over 12 months
as part of the IMPACT Demonstrator national initiative.
Wellcome Collection
We continued to co-design ways to make the Wellcome Library more
accessible and welcoming, working with seven co-designers and
Wellcome staff.
In July 2024, Wellcome hosted our Beautiful Octopus Club for the first
time. 750 people attended, with over 100 Heart n Soul artists involved.
They described it as "the most inclusive club night in the world.
5. Learning
Feedback shows Heart n Soul makes a real difference to people's wellbeing.
Allsorts Evaluation
92 % said Allsorts had a positive impact on their lives.
60 % said they felt happier and more energised afterwards.
73 % felt able to try new things.
Young People's Survey
94 % said they learned something new at Do Your Own Thing.
Many reported feeling more confident and energetic.
6. Digital
This year we had 16,381 digitsl followers and subscribers, 231,539 people
visited our main website, with an additional 198,015 people visiting our
associated sites. The radio crew reached over 18,000 people through their
monthly radio shows on Soho Radio

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
7. Fundraising
We would like to give our sincere thanks to all our funders who continued to
trust and support Heart n Soul. We thank Arts Council England for support of
Heart n Soul as one of its National Portfolio Organisations.
Arts Council England
BBC Children in Need
City Bridge Foundation
Deptford Challenge Trust
Esmée Fairbairn Foundation
Garfield Weston Foundation
Health Foundation
Henry Smith Foundation
Jerwood Arts
London Borough of Lewisham
The National Foundation for Youth Music
The National Lottery Community Fund
Paul Hamlyn Foundation
PPL Giving
PRS Foundation
Rix-Thompson-Rothenberg Foundation
Royal Borough of Greenwich
True Colou rs Trust
The Wellcome Trust
The Will Charitable Trust
Thank you to all donors and collaborators who collectively raised £26,730
Paul Arscott
Big Half Runners
Simon Platz
Boran Cakirall and all the donors and collaborators who made the Big
Christmas Challenge a success
Jeremy Deller
Reema Katira
QBE Foundation
Salesforce
Sing All Together Choir
10

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
We would like to thank our regular donors". Simon Platz, Kara Tanega, Matt
Saull, AR Rodwell, Helen Ganiaris, Daniel Ross, Sonia Edwards and Hannah
Kent.
8. Financial Review
The principal risk and uncertainty facing Heart n Soul is the more challenging
fundraising environment.
Heart n Soul has navigated the past five years carefully, building our
unrestricted reserves in anticipation that the years following the pandemic
would be more challenging. Income projections have been monitored closely
and expenditure reduced in the period 2023 to 2025 by reorganising our
office space and finding new ways of working which have not impacted on
core delivery. Unrestricted reserves were used to maintain core activities,
with sufficient funds retained to cover wind-up costs. 2024-2025 has seen a
return to a surplus position. We continue to maintain close and responsive
relationships with our major trust and foundation funders, Lewisham Council
and Arts Council England. We maintain tight management of expenditure
while trustees remain focused on our finding new ways to achieve impact that
call less on funds.
We started the financial year 2024-2025, with 61 % of our funding confirmed,
and we continue to fundraise actively.
Reserves policy
The trustees have decided to review the policy on an annual basis, ensuring
that sufficient funds are in place to account for wind-up costs of the
organisation, contingency costs and a buffer for any unexpected expense.
The current level of free reserves, being general funds less unrestricted fixed
assets at 31 March 2025 is £142,204.

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
9. Going Concern Supporting Statement
We are confident in our current position and for the next year, After the
significantly high number of normally reliable multi-year grant awards that
were declined, reduced, or postponed over the 2021 to 2022 period we have
been able to secure funding from City Bridge Foundation (£99,000 over three
years), Esmée Fairbairn Foundation {£150,000 over three years), Paul
Hamlyn Foundation (£240,000 over four years), Henry Smith Charity (now
Foundation) (£120,000 over three years) and Youth Music (£105,000 over
three years) amongst others. The current financial year has seen the
awarding of a new multi-year grant from The Julia Rausing Trust (£150,000
over three years). The Julia Rausing Trust does not accept unsolicited
applications and we were invited to apply. This is a sign of our growing
impact. We have returned to our previous financial model where various
multi-year grants give us stability and predictability.
We have also been successful in diversifying our income. We secured a new
two-year commission of £131,432 from Greenwich local authority in early
2025. We also secured a second commission from the Wellcome Library, and
we are already in conversation with the Wellcome Archive for another project.
We are actively planning our 40th anniversary celebration, a key moment that
will enable us to further gain recognition and support for our work. We closely
monitor our expenditures and income targets.
We are confident that Heart n Soul remains a going concern due to our
ongoing efforts in fundraising, and the scrutiny of our position through robust
indicators. Heart n Soul has several robust financial procedures that allow its
management team and Board of trustees to monitor whether the organisation
remains a going concern for the following twelve months.
Multi
le
ear bud et
ro
ections
Heart n Soul maintains a multi-year budget which, at the time of signing the
2024-2025 accounts, runs to the end of the financial year 2030-2031. This
budget is updated regularly and includes an indication of how much of the
expenditure is covered by confirmed income.
12

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
10. Plans for the future
We will continue to create, connect, and change, as outlined in our strategic
plan which was devised by over 50 people in our community. People with
learning disabilities and autistic people will continue to be even more involved
at every level of the organisation. We look forward to continuing working with
partners such as Wellcome Collection, the National Gallery, the Southbank
Centre and Greenwich Council. Heart n Soul's work is now getting more
attention than ever, attracting collaborators such as Turner Prize-winning
artist Jeremy Deller. We will be embarking on a new co-designed
websiteldigital presence project that better reflects and communicates the
way our work is evolving and inviting change. We will continue to diversify our
fundraising efforts to ensure we can continue to build on our activities and to
make the most of new opportunities as they arise.
11. Trustees, responsibility statement
The Trustees (who are also directors of Heart n Soul 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 situation of the charitable
company and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for that
period. 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 2019 (FRS
102)
make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards have been
followed, subject to any material departures disclosed and explained in
the financial statements
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charitable company will continue in
operation.
13

HEART N SOUL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
The trustees are responsible for keeping adequate 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.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's
auditor is unaware and
the trustees have taken all steps that they ought to have taken to make
themselves aware of any relevant audit information and to establish that
the auditor is aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate
and financial information included on the charitable company's website.
Legislation in the United Kingdom governing the preparation and dissemination
of financial statements may differ from legislation in other jurisdictions.
Auditors
The auditors, Kingston Burrowes Audit Ltd, have expressed their willingness
to continue in office in accordance with Section 487 of the Companies Act
2006.
Small company exemptions
This report has been prepared in accordance with the special provisions of Part
15 of the Companies Act 2006 relating to small companies.
This report was approved by the trustees on 30th October 2025 and signed on
its behalf.
Simon Platz
Treasurer
14

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
HEART N SOUL
Opinion
We have audited the financial statements of Heart n Soul (the 'charitable
company,) for the year ended 31 March 2025 which comprise the Statement
of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes
to the financial statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs
as at 31 March 2025, and of its incoming resources and application of
resources, Including its income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdom
Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the
Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing
(UK) (ISAS (UK)) and applicable law. Our responsibilities under those
standards are further described in the Auditor's responsibilities for the audit of
the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use
of the going concern basis of accounting in the preparation of the financial
statements is appropriate.
15

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
HEART N SOUL I cont
Based on the work we have performed, we have not identified any material
uncertainties relating to events or conditions that, individually or collectively,
may cast significant doubt on the charitable company's ability to continue as
a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to
going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information
comprises the information included in the trustees, annual report, other than
the financial statements and our auditor's report thereon. Our opinion on the
financial statements does not cover the other information and, except to the
extent othewise explicitly stated in our report, we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to
read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the
other information. If, based on the work we have performed, we conclude that
there is a material misstatement of this other information, we are required to
report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report (incorporating the directors,
report) for the financial year for which the financial statements are
prepared is consistent with the financial statements", and
the directors, report has been prepared in accordance with applicable
legal requirements.
16

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
HEART N SOUL I cont
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company
and its environment obtained in the course of the audit, we have not identified
material misstatements in the directors. report.
We have nothing to report in respect of the following matters in relation to
which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate
for our audit have not been received from branches not visited by us. or
the financial statements are not in agreement with the accounting
records and returns; or
certain disclosures of directors, remuneration specified by law are not
made; or
we have not received all the information and explanations we require
for our audit. or
the trustees were not entitled to prepare the financial statements in
accordance with the small companies, regime and take advantage of
the small companies, exemptions in preparing the directors, report and
from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the
trustees (who are also the directors of the charitable company for the
purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for
such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for
assessing the charitable company's ability to continue as a going COn￿rn,
disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to
liquidate the charitable company or to cease operations, or have no realistic
alternative but to do so.
17

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
HEART N SOUL I cont
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the
financial statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always
detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of
users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and
regulations. We design procedures in line with our responsibilities, outlined
above, to detect material misstatements in respect of irregularities, including
fraud. The specific procedures for this engagement and the extent to which
these are capable of detecting irregularities, including fraud is detailed below:
Enquiry of management and those charged with governance about
actual and potential litigation or claims and the identification of non-
compliance with laws and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing to supporting
documentation to assess compliance with applicable laws and
regulations.
Auditing the risk of management override of controls, including testing
jouinal entries and other adjustments for appropriateness. and
assessing whether the judgements made in making accounting
estimates are indicative of a potential bias.
Performing analytical procedures to identify any unusual or unexpected
relationships that may indicate risks of material misstatement due to
fraud.
Professional scepticism in course of the audit and with audit sampling
in material audit areas.
Because of the inherent limitations of an audit, there is a risk that we will not
detect all irregularities, including those leading to a material misstatement in
the financial statements or non-compliance with regulation.
This risk
increases the more that compliance with a law or regulation is removed from
the events and transactions reflected in the financial statements, as we will
be less likely to become aware of InStan￿S of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error,
18

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
HEART N SOUL I cont
as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation.
A further description of our responsibilities for the audit of the financial
statements is located on the Financial Reporting Council's website at:
www.frc.org.uklauditorsresponsibilities. This description forms part of our
auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body,
in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our
audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state to them in an
auditor's report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charitable company and the charitable
company's members as a body, for our audit work, for this report, or for the
opinions we have formed.
Kevin Fisher BA FCA CTA (Senior Statutory Auditor)
For and on behalf of Kingston Burrowes Audit Ltd
statutory Auditors
308 Ewell Road
Surbiton
Surrey
KT6 7AL
2025
19

HEART N SOUL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
(Incorporating Income and Expenditure Account)
Total
Unrestricted Restricted Funds
Funds
Funds
2025
Total
Funds
2024
Notes
Income
Donations and grants
Charitable activities
Investments
390,620
104,269
225
351,478
742,098 766,643
104,269
22,343
225
636
Total
495,114
351,478
846,592 789,622
Raising funds
Charitable activities
49,122
414,362
49,122 49,768
765,840 785,581
351,478
Total
463,484
351,478
814,962 835,349
Net income l (expenditure)
10
31,630
31,630 (45,727)
Transfers between funds
17
Net movement in funds
31,630
31,630 (45,727)
Reconciliation of funds
Balance brought for4vard
17
113,970
113,970 159,697
Balance carried forward
17
£145,600
£145,600 £113,970
The Statement of Financial Activity includes all recognised gains and losses.
All income and expenditure derives from continuing activities.
The notes form part of the financial statements.
20

HEART N SOUL
(A Company Limited by Guarantee and Not Having a Share Capital)
Registered Charity Number 1090781, Company Number 4360133
BALANCE SHEET AS AT 31 MARCH 2025
2025
2024
Notes
FIXED ASSETS
Tangible Fixed Assets
13
3,396
4,522
CURRENT ASSETS
Debtors
Cash at Bank and in Hand
14
61,606
215,821
51,958
161,925
277,427
213,883
CREDITORS: Amounts falling
due within one year
15 135,223
104,435
NET CURRENT ASSETS
142,204
109,448
NET ASSETS
18
£145,600
£113,970
FUNDS .
Restricted Funds
Unrestricted Funds
17
17
145,600
113,970
TOTAL FUNDS
£145,600
£113,970
These financial statements have been prepared in accordance with the provisions
applicable to small companies within Part 15 of the Companies Act 2006.
The financial statements were approved and authorised by the Trustees on 30th October
2025 and signed on its behalf by:
Kate Linsky
Co-chair
Simon Platz
Treasurer
The notes form part of the financial statements.
21

HEART N SOUL
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash flows from operating activities:
Net movement in funds per Statement of Financial Activities
Adjustments for:
Depreciation
{Increase)Idecrease in debtors
Increase/(decrease) in creditors
31,630
(45.727)
3,471
(9,648}
30,788
4,907
(3,069>
(32,410)
Net cash provided by/(used in) operating activities
56,241
(76,299)
Cash flows from investing activities:
Purchase of tangible fixed assets
(2,345)
(1,413)
Net cash provided by/(used in) investing activities
(2,345)
(1,413)
{Decrease)lincrease in cash
53,896
(77,712)
Cash and cash equivalents brought forward
161,925
239,637
Cash and cash equivalents carried forward
£215,821
£161,925
Analysis of cash and cash equivalents
2025
2024
Cash at bank and in hand
£215,821
£161,925
The notes form part of the financial statements.
22

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial
statements have been prepared in accordan￿ with 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) issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act
2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost
convention. The significant accounting policies applied in the preparation of these financial
statements are set out below. These policies have been consistently applied to all years
presented unless othe￿iSe stated.
Income recognition
Items of income are recognised in the financial statements when all of the following criteria
are met..
The charity has entitlement to the funds;
any performance conditions have been met or are fully within the control of the
charity.,
there is sufficient certainty that re￿Ipt of the income is considered probable.
the amount can be measured reliably.
Grant income is deferred when there is a donor imposed or implied condition specifying
the time period over which the income may be expended or in accordance with agreed
budgets.
Expenditure recognition
Expenditure is recognised once there is a legal or constructive obligation to make payment
to a third party. it is probable that settlement will be required and the amount can be
measured reliably. Expenditure is classified under the following activity headings:
Costs of raising funds comprise those costs associated with attracting voluntary
donations and grants
Expenditure on charitable activities which comprises the costs of running the
various artistic activities for the charity's beneficiaries including staging concerts,
stage productions, art exhibitions, educational programmes, general and
specialised advice, advocacy and training.
23

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
1. ACCOUNTING POLICIES I cont
Expenditure recognition Icont
Expenditure includes those costs of a direct nature which can be alloGated to a specific
activity and also indirect costs, including governance costs that do not relate to a specific
activity but are necessary to support those activities. Support costs are apportioned to
each activity on the basis of staff time.
Fund accounting
Unrestricted general funds are freely available for use in furtheran￿ of the objects of the
charity and which have not been designated for specific purposes.
Designated funds are unrestricted funds set aside by the trustees for particular purposes.
Restricted funds are funds which can only be used in accordance with specific restrictions
imposed by the donor or which have been raised for a particular purpose.
Tangible fixed assets and depreciation
Tangible assets costing more than £800 are capitalised. Depreciation is provided so as to
write off the cost of each asset, less its residual value, over its estimated useful life at the
following annual rates:
Technical equipment
Office equipment
250/0 Straight line
25 /0 Straight line
Debtors and creditors receivablelpayable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one
year are recorded at transaction pri￿. Any losses arising from impairment are recognised
expenditure.
Leases
Operating lease rentals are charged to the Statement of Financial Activities on a straight
line basis over the period of the lease.
Pensions
The charity operates a defined contribution pension scheme. Contributions payable under
the scheme are charged the Statement of Financial Activities in the year to which they
relate.
24

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
DONATIONS AND GRANTS
Unrestricted
funds
Restricted
funds
Total
2025
Total
2024
Multi-disciplinary arts
Taking part
Library Archive Project
Believe in Us
Discovery
103,936
287,569
{5}
40,490
284,272
21,860
144,426
571,841
21,855
139.103
518,098
16,191
93,251
{880)
4,856
3,976
£390,620
£351,478
£742,098
£766,643
Of the £766,643 recognised in 2024, £320,030 was unrestricted funds and £446,613
was restricted funds.
Total grant income received from Art Council included above was £304,904.
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted
funds
Funds
Total
2025
Total
2024
Box office fees & commissions
104,269
104,269
22,343
£104.269
£104,269
£22,343
All of the £22,343 recognised in 2024 was unrestricted funds.
4. INVESTMENT INCOME
Unrestricted Restricted
funds
Funds
Total
2024
Total
2023
Bank interest
£225
£225
£636
All of the £636 recognised in 2024 was unrestricted funds.
5. COST OF RAISING FUNDS
Direct
costs
Support
costs
Total
2025
Total
2024
Fundraising consulting
£49,122
£49,122
£49,768
All of the £49,768 expenditure recognised in 2024 was charged to unrestricted funds.
25

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
6. EXPENDITURE ON CHARITABLE ACTIVITIES
Other
Direct
Costs
Support
Costs
(Note 7)
Staffing
Costs
Total
2025
Total
2024
Multi-disciplinary arts
Taking Part
Discovery
Believe in Us
Library Archive Project
91,992
294.098
4,920
49,452
179,668
3,840
30.565 172,009
89,450
563,216
8,760
196,978
479.163
93,249
16,191
21,540
315
21,855
£391,010 £254,500 £120,330 £765,840
£785.581
Of the £785,581 expenditure recognised in 2024, £414.362 was charged to
unrestricted funds and £351 ,478 was charged to restricted funds.
The total expenditure includes £304,904 spent against the grant received from Art
Council.
7. SUPPORT COSTS
General Premises Governance
Office
{Note 8)
Total
2025
Total
2024
multi4isciplinary arts
Taking Part
Discovery
Believe in Us
Library Archive Project
20,457
57,136
9,104
29,104
1,004
3,210
30,565
89,450
39,492
84,978
525
735
315
315
£77,908
£38,208 £4,214
£120,330 £125,730
8. GOVERNANCE COSTS
2025
2024
Auditors, remuneration
AGM, Trustees, meetings and related costs
3,525
689
3.400
391
£4,214
£3,791
26

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
LOCAL GOVERNMENT AND HOUSING ACT 1989
The company re￿iVed financial assistance from local authorities. As required by the
Local Government and Housing Act 1989 the following information is given.
£30,000 (2024: £30,000) was recognised as grant income from the London Borough
of Lewisham. These funds have been fully expended.
10. NET INCOMEI(EXPENDITURE) FOR THE YEAR
Net incomel(expenditure) is stated after charging:
2025
2024
Operating lease rentals
Depreciation of tangible fixed assets
Auditors remuneration - Audit services
£32,917
£3,471
£3,525
£30.431
£4,907
£3,400
11. STAFF COSTS
staff costs were as follows:
2025
2024
Wages and salaries
Social Security costs
Pension costs
Staff training and recruitment
Other costs
326,869
26.279
28,276
4,724
4,862
333,933
25,742
28,798
4,191
2,527
£391,010 £395,191
One employee received total employee benefits (excluding employers national
insurance and employer pension contributions) of more than £60,000 during 2025
(2024.. 1), within the band £60,000 to £70,000.
Total employee benefits received by key management amounted to £79,285 (2024:
£83,832). Under FRS 102, employee benefits includes gross salary, benefits in kind,
employers national insurance and employers pension contributions.
The average number of full-time equivalent employees during the year was 8.48
(2024: 9.16). The average monthly number of employees was 10 (2024: 11).
27

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
12. DIRECTORS I TRUSTEES REMUNERATION AND EXPENSES
The trustees give their time to the charity voluntarily and re￿1ve no remuneration for
their role as trustees.
Travel and subsistence costs of £689 (2024: £378) were reimbursed to 3 (2024: 2)
trustee(s). The total of donations received without conditions by the charity from
trustees amounted to £40 (2024: £639). Lilly Cook, one of the trustees was paid
£2,335 fees for Wellcome Library Project and Allsorts.
13. TANGIBLE FIXED ASSETS
Technical
Office
Equipment Equipment
Total
Cost
Balan￿ at 1 April 2024
Additions
Disposals
30,066
53,679
2,345
83,745
2,345
Balan￿ at 31 March 2025
30,066
56,024
86,090
Depreciation
Brought foward at 1 April 2024
Charge for year
Eliminated on disposal
27,995
859
51,228
2,612
79,223
3,471
Balan￿ at 31 March 2025
28,854
53,840
82,694
Net book value
As at 31 March 2025
£1,212
£2,184
£3,396
As at 31 March 2024
£2,071
£2,451
£4,522
14. DEBTORS
2025
2024
Trade debtors
Accrued income
Other debtors
Prepayments
9,128
40,259
1,777
10,442
28,536
13,000
10,422
£61 ,606 £51,958
28

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
15. CREDITORS: Amounts falling due within one year
2025
2024
Trade creditors
Social security and other taxes
Other creditors
Accruals
Deferred income (see note 16)
17,050
2,532
3,739
3,400
108,502
6,656
8,597
2,260
8,479
78,443
£135,223 £104,435
16. DEFERRED INCOME
Balance Additions Released Balance
brought
in
To
Carried
forward
year
Income
Forward
Grants and donations
£78,443 £108,502 £(78,443) £108,502
Deferred income reflects grant income received in advan￿ for the following financial
year, to be expended in accordance with specified or implied timeframes and agreed
budgets.
17. MOVEMENT IN FUNDS
Balance
Movement in
At
Resources
1 April Income
ExpendRture
2023
Balance
At
31 March
2024
Transfers
U nrestricted funds
113,970 495,114
463,484
145,600
113,970 495,114
463,484
145,600
Restricted funds
Multi-disciplinary arts
Taking Part
Believe in Us
Library Archive
Project
Discovery
40,490
284,272
40,490
284,272
21,860
4,856
21,860
4,856
351,478
351,478
General funds
Total funds
£113,970 £846,592
£814,962
£Nil
£145,600
29

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
17. MOVEMENT IN FUNDS I cont
The Multi-disciplinary Arts Fund is for theatre, music, live art, visual art, films and
dan￿ both filmed and performed in venues in London, nationally and internationally.
The Taking Part Fund (including clubs) provides resources for artistic input into a
number of participatory events in London and to make spa￿S where adults and
young people are able to express themselves.
Discovery these are the projects and partnerships we are involved in, with other
organisations, to make change happen.
Believe in Us is a two year project focussed on developing a radical new approach
for designing ServI￿S with people with learning disabilities and autistic people in
London funded by The Health Foundation. Heart n Soul is the lead paty in a
collaboration with Oxleas NHS Foundation Trust, Royal Borough of Greenwich.
Tizard Centre, Helen Hamlyn Centre for Inclusive Design and the University of the
Arts London {UAL) Creative Computing Institute.
Library Archive Project
The Wellcome Collection commissioned Heart n Soul to make their library more
accessible. People with learning disabilities and the library staffed are currently
reimagining what the library should look like to feel like a welcoming space for
everyone. This also includes the showcasing of some elements of the Heart n Soul
archive, which is now managed by the Wellcome Collection Archive
Comparative information for the net movement in funds is as follows
Balance
Movement in
At
Resources
1 April Income
Expenditure
2023
Balance
At
31 March
2024
Transfers
Unrestricted funds
113,970
343,009 388,736
113,970
113,970
343,009
388,736
113,970
Restricted funds
Multi-disciplinary arts
Taking Part
Believe in Us
Library Archive
Project
27,978
27,978
309,193 309,193
93.251
93,251
16,191
16,191
446,613 446,613
Totsl funds
£314,253 £915,912 £1,070,468
£159,697
30

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Funds
Funds
Funds
2025
Tang ible fixed assets
Current assets
Current liabilities
3,396
168,925
{26,721)
3.396
277,427
(135,223)
108,502
(108,502)
£145,600
£Nil
£145,600
Comparative information for the analysis of net assets belween funds is as follows:
Unrestricted Restricted Totsl Funds
Funds
Funds
2024
Tangible fixed assets
Current assets
Current liabilities
4,522
130,362
(20,914)
4,522
213,883
(104,435>
83,521
(83,521)
£113,970
£Nil
£113,970
19. OPERATING LEASE COMMITMENTS
Total future minimum lease payments under non-cancellable operating leases are as
follows:
2025
2024
Amounts due within..
One year
One to five years
8,769
3,095
7,517
£11,864
£7,517
20. CONTINGENT ASSETS
Total grant funding awarded as at 31 March 2025 but not yet ￿ceiVed and
recognised as income due to the recognition criteria not being met amounts to
£861,004.
31

HEART N SOUL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 1 cont
21. COMPANY STATUS AND TAXATION
The charity is a company limited by guarantee, registered in England and Wales and
has no share capital. The liability of each member is restricted if the guarantee is
limited to £1. The address of the registered office is given in the Reference and
Administrative Details on page 2.
As a registered charity, Heart n Soul is exempt from taxation on its charitable activities.
32