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2022-03-31-accounts

SWEDA ANNUAL REVIEW APRIL 2021- MARCH 2022

CONTENTS

a message from our chair

Hello and welcome to this year’s Annual Review of the Somerset and Wessex Eating Disorder Association or SWEDA. My name is Sarah Brennan and I was invited to become Chairperson 18 months ago. I was proud to be asked as already I had seen how this community organisation showed its big heart in its impressive delivery to help young and old with their eating problems.

We were then still in the stranglehold of Covid 19, but SWEDA had responded so effectively our services had increased not diminished. We learned a lot about new ways of providing support remotely and we have incorporated the best into our long-term work. Once again, we increased the number of people we helped last year – by over 63% . We increased our services for children and young people, were invited to deliver community eating disorder services in Bristol which have just started, and we built relationships with our partner community eating disorder organisations across the UK to create a national network, REDCAN.

Overall, we continue to grow and are set for ongoing growth with increased future services to help address the high levels of need within the community.

support of our funders. Their crucial support has helped SWEDA through the challenging times and more recently helping us to respond to demand, build our services as well as the important infrastructure behind the scenes. We have focussed on these areas in the last year so that we are strong to support both the current and future demand for our services.

Strong and thoughtful leadership has been another critical ingredient leading to our success. The senior management team ably led the Chief Executive Paula Blight have provided a balanced, strategic and stable organisational leadership. As a Board of Trustees, we recognise how essential, and often unsung, leadership skills are. I have been very impressed with their professionalism and dedication to SWEDA. I know that along with us, they, in their turn, highly value the whole staff team – both paid and volunteer staff. We all value the warm culture of support, creativity and friendly challenge to get the job done.

I look forward to what I know will be a challenging, but nevertheless impressive year ahead.

“SWEDA has enabled me to feel like I am not alone with what is an incredibly lonely and isolating battle. It has given me the hope and support I needed to continue the long journey of recovery.”

Thank you for your interest and support.

Many factors have enabled these achievements. First of all, we are enormously grateful for the ongoing

Sarah Brennan Chairperson

National Key message on eating disorders and why our service is so important...

“When I came to SWEDA, I had nearly lost hope of ever being able to recover from my eating disorder. SWEDA immediately made me feel welcomed and safe and, through my work with them, has made me confident that I can recover and has supported me in changing my life and giving me tools to make that recovery a reality. Thank you so much.”

• In 2019, 16% of adults aged 16 and over (19% of women and 13% of men) screened positive for a possible eating disorder. This included 4% (5% of women and 3% of men) reported that their feelings about food had interfered with their ability to work, meet personal responsibilities or enjoy a social life. (NHS Digital 2020)

SWEDA is the ONLY charity in Somerset addressing the above issues

challenges we faced during the year...

Our impact

655

203

individual clients received 1-2-1 support; a 63% increase on last year increase on last year

counselling sessions were delivered to 29 Children and Young People: 190% increase on last year’s sessions and 107% increase in number of clients.

• Recruitment of good quality staff in the current recruitment crisis individual clients received 1-2-1 post COVID and BREXIT. support; a 63% increase on last year increase on last year number of clients. 1424 counselling sessions were delivered to 104 individual clients: 574 47% increase on last year’s sessions and 68% increase in clients 378 Support & Guidance sessions were 186,485 delivered: 8% increase hits to our website: 21% increase “ 60 3834 Proactive, empathetic and useful. I felt that someone actually individuals attended our monthly support group: 71% increase understood why my eating was so at £36,423£36,423 disordered and that I would be able to get meaningful help.”

Young People have attended our ED awareness training

186,485

hits to our website: 21% increase

Volunteer Hours contributed by our wonderful volunteers valued at £36,423£36,423 (based on minimum living wage)

next year we will...

In addition we...

GSK Awards

• initiate an awareness campaign to address the shortfall of men Short: https://vimeo.com/710771249 and people from ethnic minority Long: https://vimeo.com/710770479 backgrounds using our services. “SWEDA has been an incredible lifeline to me. It has given me hope for the future and has taught me the importance of self-worth. I will not be defined by my eating disorder. Thank you SWEDA.”

• re-design and re-launch our website

• gain accreditation for our counselling service through the BACP

• work towards gaining an accreditation for all our training packages

60% increase in 1-2-1 support

How can you make a difference... “I think SWEDA is going to help us understand our daughter’s illness better and it makes me 65% of people said of people said feel that I am being productive that lockdown made It’s important for us to be able to continue their eating disorder in helping her.”

65% of people said of people said that lockdown made their eating disorder harder to manage

It’s important for us to be able to continue supporting those affected by Eating Disorders for as long as they need our help.

It can take ten years of support for an individual to achieve full recovery and whilst many of our clients contribute to the cost some are financially unable to do so.

SWEDA will never turn anyone away for financial reasons.

thank you...

Like many charities SWEDA could not survive without our funders and supporters – a big thank you to everyone who kindly donated and supported us throughout the year.

If you’d like to donate to SWEDA there are many ways in which you can do this.

Donate online through our website and use the donate button.

www.swedauk.org

Send us a cheque posting to:

The Coach House • Harvest Court • Shepton Mallet • BA4 5BS

Vision

Our vision is to support everyone affected by eating disorders across Somerset & Wessex

Support & Guidance sessions delivered: 122% increase

Mission Statement...

We engage with people affected by eating disorders, including family, friends and carers, by offering hope and enabling access to support services to empower recovery.

9 core values

Safe

Respecting boundaries and confidentiality

User Influence listening to our clients to ensure they are at the heart of all we do

Pro-recovery supporting our clients to remain hopeful that recovery is possible

Flexible

providing family friendly services and workplace environment

Ambitious

motivated and aspirational in our work

Compassionate

to our clients, staff, and volunteers in time of need.

Professional

being an exemplar of good practice in all aspects of our work

Collaborative working in partnership with our clients, their families, statutory and voluntary organisations

Holistic

responding to the complexity of our client’s needs

The Coach House • Harvest Court • Shepton Mallet • BA4 5BS 01749 343344 • www.swedauk.org

UK Registered Charity 1056441; UK Company Limited By Guarantee 3208772

THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

FINANCIAL STATEMENTS

31 MARCH 2022

Charity Number: 1056441 Company number: 03208772

THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

Contents Page
Reference and Administrative Information 1 - 2
Trustees’ Annual Report 3 – 9
Independent Examiners Report 10 – 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 – 24

THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

REFERENCE AND ADMINSTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2022

Registered Company Number 03208772 (England and Wales)

Registered Charity Number

1056441

Registered Office

37 Chamberlain Street, Wells, Somerset, BA5 2PQ

Website

www.swedauk.org

Trustees

Sarah Hall Nicholas Hooper Richard Cussell Barbara Ann Clift Penelope Underwood (resigned 25 November 2021) Sarah Brennan Dr Emily Matheson (resigned 25 November 2021)

Quality & Governance sub-committee

Barbara Clift Sarah Hall Sam Best

Finance sub-committee

Sarah Brennan Penny Underwood Paula Blight

Clinical sub-committee

Nicholas Hooper Sarah Hall Nerissa Shaw

Remuneration sub-committee

Richard Cussell Sarah Hall Sarah Brennan Paula Blight

Senior staff

Paula Blight (Chief Executive) Sam Best (Chief Operations Officer) Nerissa Shaw (Clinical Lead)

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

REFERENCE AND ADMINSTRATIVE INFORMATION

YEAR ENDED 31 MARCH 2022

Principal Bankers

CAF Bank Limited Kings hill West Malling Kent ME19 4TA

Independent examiner

Joshua Kingston BSc, ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Bristol BS48 1UR

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

The Report of the Trustees should be read in conjunction with Annual Review & Impact Report as above. Further information can be found on the SWEDA’s website (swedauk.org.uk). Reference and administrative information set out on pages 2 and 3 form part of this Report. The financial statements comply with current statutory requirements, the Articles of Association, and the Statement of Recommended Practice by Charities: SORP, applicable to charities preparing their accounts in accordance with FRS102 (issued in October 2019).

Objectives, activities & achievements

The purposes of the charity as set out in in the schedule to the Articles of Association dated 11[th] December 2003 are to provide services, facilities, and training for the relief of people affected by eating disorders.

SWEDA’s nine core values have always been at the heart of our activities and are synonymous with the quality of care we offer; they have remained the keystone of our activities during the year under review. As we went into the 2[nd] year of the pandemic, restrictions remained, albeit on an ad-hoc basis. As restrictions eased towards the end of the year we gradually worked towards a blended service, offering clients the choice of face-2-face, online services, or a combination of the two. These new practices have become embedded and form part of our ongoing service delivery, providing greater reach and flexibility. Due to the pandemic and other uncertainties, demand for SWEDA services continues to grow. We saw 655 individual clients receive 1- 2-1 support, a 63% increase on last year. There was also a substantial increase in the delivery of counselling with a 47% increase in the number of counselling sessions provided, along with a 68% increase in the number of clients we have supported. SWEDA’s Childrens’ and Young People’s service also saw growth. During the year we delivered 203 counselling sessions to 29 children & young people, a 190% increase on last year’s sessions and 107% increase in number of clients. We also had the opportunity to deliver awareness training to 574 young people throughout Somerset.

SWEDA was a winner of the 2021 GSK Impact Awards for our outstanding contribution to improving the UK’s health & wellbeing. Our prizes included funding, free training, publicity and national recognition and a member of the GSK IMPACT Awards Network hosted by The King Fund.

Public benefit statement

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning SWEDA’s future activities. In particular, the Trustees consider how planned activities will contribute to SWEDA’s charitable purpose.

Contributions made by volunteers

During the year we relied on the generous support of 23 volunteers, many of whom have lived experience of an eating disorder, who contributed 3834 hours, valued at £36,423 (based on National Minimum wage). We thank them for their incredible contribution. Most of our volunteers work within our counselling service to gain invaluable experience and confidence in working with eating disorders whilst working towards their Level 4 & 5 counselling qualifications. We could not run our counselling service without these specialist volunteers who all receive our rigorous training, clinical supervision and continued professional development hours. During this year we were also delighted to welcome volunteer support within administration and fundraising.

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

The focus of this work was development; we hope that all our volunteers may get the opportunity to move into paid roles within the charity in the future.

In addition, we continue to receive pro-bono support from professional services firms who support us with a range of services including legal services, advice, and use of accommodation.

Financial review

Results for the year

Income

The growth in income from £472,494 to £508,376, an increase of £35,882, equates to 7.6% growth. This was driven by overall increases in income made up from: Increases in public funds, increases in fundraising, and increases to charitable activities - primarily our service delivery grants.

Expenditure

Total expenditure in the year was £373,111, representing an increase of £85,228 or 30% on 2020/21 expenditure. Of this, charitable expenditure in the year totalled £344,201 (2020/21: £253,079).

Year on year demand is being managed through steady growth and investment in infrastructure ensuring a solid base to manage next year’s planned staff and volunteer intake in line with our strategy. Mindful of the need to invest in new income streams, during the year we also invested over £10k in digital fundraising, £7k in needs analysis, monitoring, and evaluation and an additional £3k in management and leadership Training.

Funds

Total funds at 31[st] March 2022 were £498,084 (2020/21 £362,819). Restricted funds which have been given for a particular purpose and therefore not available for general purposes of the charity, totalled £11,161 (2020/21: £Nil). Designated funds (£205K) comprise of specific areas of development to enable the charity to grow in line with demand and our plans moving forwards and include:

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

After making an allowance for any restricted funds, and the amount of designations, or the carrying amount of functional assets which the charity held, the charity’s free reserves at 31 March 2022 were £273,720 (2020/21: £306,102). This represents 9 months applicable expenditure within the range of the trustees’ policy for reserves.

Although we have experienced year on year demand for our services and have been reasonably successful with our funding, we are mindful of sustainable growth. Therefore, our strategic plan moving forward is for steady manageable growth firstly led by infrastructure investment followed by increased expenditure in staffing and additional service offering to better manage this challenge we face moving forward, some of which will cross financial years. 2022/23 financial accounts will see further increases in expenditure as we make these investments, ultimately decrease our reserves holding and the overall number of weeks we hold.

Investment Policy

SWEDA's trustees believe that the most appropriate policy for investing funds during these uncertain times is through a number of specialised bank accounts in the "Not for Profit" sector. Although interest rates continue to decline, this decision is principally driven by the need to have access to short-term funds in cash, and to ensure the security of cash reserves.

Reserves and reserves policy

The Board of Trustees reviews reserves annually to ensure that there are sufficient funds to maintain the charity’s financial stability and ongoing development. With the current uncertainty within charitable funding and the dynamic climate in which SWEDA is operating, the Trustees’ reserves policy is to aim to hold unrestricted reserves of 9-12 (£279,833 - £373,111) months’ of total expenditure. As is common practice across the charity sector, and in order to segregate unrestricted funds which are not easily realisable from those which are ‘free’ reserves, the trustees have also established designating funds, representing specific funds which are to be used by the charity for future ongoing developments.

Fundraising

The growth of fundraising income continues as our part-time fundraiser worked to diversify our income streams. The National Lottery Community Fund has unusually agreed a further five years grant funding which became effective from April 2021. This, along with other key funders such as Lloyds Bank Foundation, clearly demonstrates the high regard in which SWEDA is held. Unfortunately, towards the end of this reporting year, our fundraiser moved onto another role highlighting the need to invest further in fundraising. SWEDA has also secured a number of fully funded NHS contracts, adding to our portfolio of funding streams. These are not a substitute for other funds however, and we now need to actively pursue diverse funding streams, firstly with the development of a fundraising strategy and then with the employment of a fundraising team to implement this strategy.

SWEDA premises are no longer fit for purpose and as I write this report space is at a premium. Increasing numbers of staff and volunteers need desk and room space. We also need additional therapeutic rooms, and private space for video meetings which have become normal working practice post-pandemic. Our lease on

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

Harvest Court is up in October 2025 and we are currently looking at short, medium, and long-term accommodation options as the charity develops and grows.

Structure, governance & management

Legal structure

SWEDA was incorporated as a company limited by guarantee on 6[th] June 1996 and registered as a charity in England and Wales on 27[th] June 1996. The governing document is the Articles of Association, which were updated in line with the Companies Act 2006. The Board of Trustees comprises the Directors of the company who are also the members of SWEDA. A policy has been established, whereby trustees and Senior Managers of SWEDA automatically become members of the Charity upon appointment. Such membership lapses as soon as individuals cease to be Trustees or Senior Managers of the charity. The only members during the year were the Trustees & Senior Managers. The total number of Member guarantees at 31 March 2022 was eight (2021: eight)

Governance

The Trustees who have served during the year and those appointed before the date of this report are listed on page 1. No member of the Board or Committees receives any renumeration for their services. The Board met on-line five times during the year (2020/21: five). The role of Chairperson changed in the period, as Sarah Hall resigned (25/02/2001) and stays as a Trustee, and Sarah Brennan was voted in on the same day 25/02/2001. Since then, a sub-committee structure has been introduced to support the governance functions more effectively. We now have a Clinical, Quality & Governance, Finance & Fundraising and Remuneration SubCommittees. Each trustee is a member of at least one sub-committee which meet before and report to the next Board Mtg. The members of these committees are listed on page 1.

The Risk Register has been updated and freelance Finance Manager appointed to ensure trustees have easy to understand data and have a dashboard of critical information to hand.

There has been some limited change of trustees in the year as one member moved to the US. We anticipate losing another long-standing member of the Board of Trustees who wishes to retire in the year ahead. This led to a gap in our clinical expertise, and we have been delighted to welcome Sanni Norweg who is the Principal Clinical Psychologist at Avon & Wiltshire NHS Trust and Meg Potts who has experience in the youth sector. We have assessed the makeup of the Board and in the year ahead we will be recruiting to address the diversity and inclusion needs of the Board, especially as we are now working in Bristol.

In the year the executive team have worked with CORC (Children’s Outcomes Recording Collaborative) at Anna Freud Centre/UCL to effectively collate our already extensive data and be able to assess outcomes more readily alongside NHS and other services. The team trialled the new system for six months before fully adopting it. We now anticipate another year is needed to collate sufficient records to provide solid information. This required considerable work and effort and the team are applauded for this achievement.

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

Recruitment & appointment of Trustees

Trustees are invited and approved (or otherwise) by existing Trustees, who then co-opt new member(s) during the year. An appointment is then approved or otherwise by the Members at the Annual General Meeting. No outside body can appoint Trustees. There is no time limit for continuous service by trustees, but one third of the board resigns and is subject to re-election (if desired) at each AGM.

The Board of Trustees reviews the skill set of its members regularly and whenever a vacancy arises. Vacancies are advertised on our website and through other channels, as well as externally on relevant trustee and other platforms. Appointments are overseen by the chair and once appointed by the Board, new Trustees are inducted by the Chief Operations Officer and other relevant staff members. Trustees are given information on the legal duties and expectations of a Trustee and invited, on an ongoing basis, to attend Trustee training events funded by SWEDA.

Management

The Board of Trustees is legally responsible for the strategic direction of the charity including approving the annual plan and budget. The Board monitors risk and progress against these plans and budgets and it makes decisions about the appointment of trustees and senior staff. The appointment of Sarah Brennan as Chair (2021) also reflects her focus to continue to lead and develop the organisation as it grows across the Southwest. Day-to-day operation of the organisation is delegated to the Chief Executive, Paula Blight, and the Senior Leadership Team.

Renumeration policy

SWEDA aims to ensure that all staff are paid appropriately according to the nature of the work and their experience, knowledge, and skills relevant to their role. The charity is committed to principles ensuring that pay and conditions of employment do not discriminate unlawfully and are free from bias. In determining the salary for the Chief Executive and Senior Management Team, responsibility is delegated to the Remuneration Committee, which seeks to pay a fair salary to attract and retain skilled and expert senior leaders for the organisation.

Plans for future periods

5-year strategy

This year saw the first year of our new five-year strategy. We have undertaken a strategic review in 2020, involving our staff, volunteers, services users, and Trustees. We sought to establish a clear purpose for SWEDA for the next five years and running alongside this is our management plan. Our new strategy has created four key areas as shown below:

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

1. Engage, enable, and empower all those affected by eating disorders in our area of service provision

2. Increase our response and provision for young people experiencing eating disorders or emerging eating problems

3. Address the diverse causes and presentations of eating disorders amongst different groups and communities

4. Develop strategic alliances to secure sustainable funding and increase the range and quantity of effective eating disorder support

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MARCH 2022

Connection to a wider network

Working in partnership and collaboration are integral to SWEDA’s approach and to how we tackle the scale of need amongst people affected by eating disorders. We are active across three Integrated Care Boards (ICB) and are working with all these VCSE Alliances. SWEDA is also an active member of the Somerset Group of Charities directing and influencing policy for health and wellbeing across Somerset. This year, SWEDA also founded REDCAN, the Regional Eating Disorders Alliance & Network. We hope to work at a strategic level to better serve eating disorders across the UK. As a winner of the GSK Awards 2021 we were invited to join the GSK IMPACT Awards Network which has led to other high profile networking opportunities throughout the year.

Statement of Trustees’ responsibilities

The Trustees (who are also directors of SWEDA for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with 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).

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 income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 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.

25/11/2022

Approved by order of the Board of Trustees on ...............................and signed on behalf by

.......................... ………………… (Sarah Brennan, Chairperson)

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 MARCH 2022

Independent examiner’s report to the trustees of The Somerset and Wessex Eating Disorders Association (‘the Company’).

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

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THE SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 MARCH 2022

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston BSc, ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

25/11/2022

Date: ………………………………………………………………….

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SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDES INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Investment income
Total income
Expenditure on:
Raising funds
4
Charitable activities
5
Total expenditure
Net income/ (expenditure)
7
Transfers between funds
13
Net movement in funds
Total funds at start of year (restated)
13
Total funds at end of year
13		 Unrestricted
Funds
£
116,680
229,997
3,555
140
350,372
28,910
197,358
226,268
124,104
-
124,104
362,819
486,923		 Restricted
Funds
£
158,004
-
-
-
158,004
-
146,843
146,843
11,161
-
11,161
-
11,161		 Total Funds
2022
£
274,684
229,997
3,555
140
508,376
28,910
344,201
373,111
135,265
-
135,265
362,819
498,084		 Total Funds
2021
£
(Restated)
272,558
199,721
25
190
472,494
34,804
253,079
287,883
184,611
-
184,611
178,208
362,819

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

See note 9 for fund-accounting comparative figures. The notes on pages 15 to 24 form part of these financial statements.

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SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

BALANCE SHEET

AS AT 31 MARCH 2022

----- Start of picture text -----
AS AT 31 MARCH 2022 Company number: 03208772
2022 2021
Note £ £
(Restated)
Fixed assets
Tangible assets 10 8,203 11,717
8,203 11,717
Current assets
Debtors 11 55,638 25,427
Cash at bank and in hand 606,433 375,301
662,071 400,728
Liabilities
Creditors: amounts falling 12 (172,190) (49,626)
due within one year
Net current assets 489,881 351,102
Net assets 498,084 362,819
Funds
Restricted funds 14 11,161 -
Unrestricted funds
General funds 14 281,923 317,819
Designated funds 14 205,000 45,000
498,084 362,819
----- End of picture text -----

The Company was entitles to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors respobsibilities:

The accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

25/11/2022

These financial statements were approved by the Trustees on …..................................... , and are signed on their behalf by:

…..............................................

Sarah Brennan - Trustee

…........................................ Sarah Hall - Trustee

The notes on pages 15 to 24 form part of these financial statements.

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SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

CASHFLOW STATEMENT

YEAR ENDED 31 MARCH 2022

Note
Net cash inflow from operating activities
16
Non-operational cash flows:
Payments for tangible fixed assets
Investing income
Net cash inflow for the year
17		 2022
£
230,992
-
140
140
231,132		 2021
£
202,160
(10,267)
190
(10,077)
192,083

Cashflow Restrictions

Charity law prohibits the use of net cash inflows of any endowed or other restricted fund to offset net cash outflows on any fund outside its own objects, except on special authority. In practice, this restriction has not had any effect on cash flows for the year.

The notes on pages 15 to 24 form part of these financial statements.

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SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and Companies Act 2006 and UK Generally Accepted Practice as it applies from January 2019.

Somerset and Wessex Eating Disorders Association meets the definition of a public entity under FRS102.

The Trustees have considered the financial position of the organisation and believe that it is currently a going concern.

Income

Income from donations is recognised when these are receivable, except as follows:

I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;

II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-condition have been met.

Legacies are included on a receivable basis where the charity is entitled to the income, it can be measure reliably and receipt is probable. Where legacies have been notified to the charity, or the charity is aware of the granting probate, and the criteria for income recognition have not been met, then the legacy is not included in income but is treated as a contingent asset and disclosed if material.

Investment income is included on a receivable basis.

Expenditure

Expenditure is recognised on an accruals basis in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.

Allocation and apportionment costs

Certain expenditure is directly attributable to specific activities and this has been included in those cost categories. Other costs, which are attributable to more than one category, are apportioned across cost categories on the basis of an assessment of workload carried out from time to time. Overhead support costs have been apportioned between charitable activities on a basis consistent with the use of resources.

Pension

The charity contributes to defined contribution pension schemes. Contribution payable to the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate.

15

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

1 Accounting policies (continued )

Tangible fixed assets

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible asset into its intended working condition should be included in the measurement cost. Capital items with purchase price of more than £1,000 are included within fixed assets.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis: Furniture and fittings - 15% reducing balance Computer equipment - 33% straight line

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable of a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Creditors are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted and the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.

Further explanation of the nature and purpose of each fund is included in note 13 of the financial statements.

16

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
2 Income from: donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations from:
Individuals 5,140 - 5,140
Trusts and foundations 82,985 82,010 164,995
Corporate donations 22,337 - 22,337
Community fundraising 5,496 - 5,496
Public funding - 75,994 75,994
Gift aid 722 - 722
116,680 158,004 274,684
Prior year comparative Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations from: (Restated) (Restated) (Restated)
Individuals 4,568 - 4,568
Trusts and foundations 30,501 107,111 137,612
Corporate donations 16,826 - 16,826
Community fundraising 3,563 - 3,563
Public funding 2,905 106,380 109,285
Gift aid 704 - 704
59,067 213,491 272,558
3 Income from: charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Service delivery grants 227,505 - 227,505
Counsellor training 2,492 - 2,492
229,997 - 229,997
Prior year comparative Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
(Restated) (Restated) (Restated)
Service delivery grants 199,631 - 199,631
Counsellor training 90 - 90
199,721 - 199,721
----- End of picture text -----

17

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
4 Expenditure on: raising funds
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Staff costs 20,862 - 20,862
Fundraising costs 111 - 111
Support costs (note 6) 7,937 - 7,937
28,910 - 28,910
Prior year comparative Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
(Restated) (Restated) (Restated)
Staff costs 23,369 - 23,369
Fundraising costs 277 - 277
Support costs (note 6) 11,158 - 11,158
34,804 - 34,804
5 Expenditure on: charitable activities
Activities Support
undertaken costs Total
directly Note 6 2022
£ £ £
Provision of services 249,699 94,502 344,201
249,699 94,502 344,201
Prior year comparative Activities Support
undertaken costs Total
directly Note 6 2021
£ £ £
Provision of services 171,945 81,134 253,079
171,945 81,134 253,079
----- End of picture text -----

18

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

6 Support costs
Staff and volunteer costs
Office costs
Premises costs
Professional costs
Finance costs
Governance costs
7 Net income/ expenditure for the year
Independent examiner's fee
- Current year
- Prior year over/under provision
Depreciation
Trustees remuneration
Reimbursement of Nil Trustees expenses (2021: Nil)
8 Staff costs and numbers
The aggregate payroll costs were:
Wages and salaries
Social security costs
Contribution to defined contribution pension scheme
Subcontracted staff		 Total Funds
2022
£
83,275
3,326
3,448
2,850
5,796
3,744
102,439
2022
£
2,730
1,014
3,514
-
-
2022
£
224,945
14,290
16,631
50,891
306,757		 Total Funds
2021
£
78,426
3,121
5,585
-
4,290
870
92,292
2021
£
1,014
870
5,762
-
-
2021
£
185,935
11,476
11,908
22,521
231,840

The average number of persons employed by the company (headcount) during the year was 10 (2021: 8).

No employee received remuneration amounting to more than £60,000 in the current or preceding year.

The key management personnel of the charity are the CEO, COO and the clinical lead. The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charity was £135,805 (2021: £124,893).

19

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

9 Prior year fund comparatives for the Statement of Financial Activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/ (expenditure)
Transfers between funds
Net movement in funds
Total funds at start of year
Total funds at end of year
10 Tangible fixed assets
Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Eliminated on disposal
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021		 Unrestricted
Funds
£
(Restated)
59,067
199,721
25
190
259,003
34,804
23,248
58,052
200,951
(16,340)
184,611
178,208
362,819
Fixtures &
fittings
£
8,688
-
-
8,688
2,898
869
-
3,767
4,921
5,790		 Restricted
Funds
£
(Restated)
213,491
-
-
-
213,491
-
229,831
229,831
(16,340)
16,340
-
-
-
Computer
equipment
£
33,280
-
-
33,280
27,353
2,645
-
29,998
3,282
5,927		 Total Funds
2021
£
(Restated)
272,558
199,721
25
190
472,494
34,804
253,079
287,883
184,611
-
184,611
178,208
362,819
Total
£
41,968
-
-
41,968
30,251
3,514
-
33,765
8,203
11,717

20

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
11 Debtors
2022 2021
£ £
Trade debtors 51,847 25,374
Other debtors - 53
Prepayments and accrued income 3,791 -
55,638 25,427
12 Creditors
2022 2021
£ £
(Restated)
Trade creditors 9,287 2,961
- -
Taxation and social security
Other creditors 280 626
Accruals and deferred income 162,623 46,039
172,190 49,626
13 Movement between funds
At At
1 April 31 March
2021 Income Expenditure Transfers 2022
£ £ £ £ £
(Restated)
Restricted funds
Awards For All - 11,594 (8,168) - 3,426
Children In Need - 37,083 (29,348) - 7,735
Reaching Communities - 75,994 (75,994) - -
- - - - -
Lloyds Bank Foundation - Covid
Lloyds Bank Foundation - 33,333 (33,333) - -
- 158,004 (146,843) - 11,161
Unrestricted funds
General funds 317,819 350,372 (226,268) (160,000) 281,923
Designated funds
IT Fund 5,000 - - 35,000 40,000
Strategic Development Fund 40,000 - - 40,000 80,000
Equipment Fund - - - 35,000 35,000
Premises Review Fund - - - 30,000 30,000
Digital Platform Development Fund - - - 20,000 20,000
362,819 350,372 (226,268) - 486,923
Total funds 362,819 508,376 (373,111) - 498,084
----- End of picture text -----

21

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

13 Movement between funds (continued )

Prior year comparative
Restricted funds
Awards For All
Children In Need
Reaching Communities
Lloyds Bank Foundation - Covid
Lloyds Bank Foundation
Linnet Trust
Lottery - Covid
SCF - Covid
SCF- Tampon Tax
Unrestricted funds
General funds
Designated funds
IT Fund
Strategic Development Fund
Total funds		 At
1 April
2020
£
(Restated)
-
-
-
-
-
-
-
-
-
-
173,208
5,000
-
178,208
178,208		 Income
£
(Restated)
8,184
31,404
46,289
12,606
33,333
10,000
60,091
3,250
8,334
213,491
259,003
-
-
259,003
472,494		 Expenditure
£
(Restated)
(8,184)
(29,761)
(46,289)
(12,606)
(52,139)
(10,000)
(57,602)
(3,250)
(10,000)
(229,831)
(58,052)
-
-
(58,052)
(287,883)		 Transfers
£
(Restated)
-
(1,643)
-
-
18,806
-
(2,489)
-
1,666
16,340
(56,340)
-
40,000
(16,340)
-		 At
31 March
2021
£
(Restated)
-
-
-
-
-
-
-
-
-
-
317,819
5,000
40,000
362,819
362,819

Restricted funds

Awards For All

This fund represents grant awarded by National Lottery Awards for All England to cover the administration costs of the charity.

Children In Need

This fund represents a three year grant received from the Children In Need charity towards running our Children's Project.

Reaching Communities

This fund represents a five year grant awarded by The National Lottery Community Fund to help run our services.

Lloyds Bank Foundation - Covid

This fund represents a grant awarded by the Lloyds Bank Foundation to manage the additional demand during COVID-19

Lloyds Bank Foundation

This fund represents a three year grant awarded by the Lloyds Bank Foundation towards specific salary costs.

Linnet Trust

This fund represents a grant awarded by the Linnet Trust towards the provision of counselling services.

22

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

13 Movement between funds (continued )

Lottery - Covid

This fund represents a grant awarded by The National Lottery Community Fund to manage the additional demand during COVID-19

SCF - Covid

This fund represents a grant awarded by the Somerset Community Foundation (SCF) to manage the additional demand during COVID-19

SCF- Tampon Tax

This fund represents a grant awarded by the Somerset Community Foundation (SCF) to give 10 people on low income access to SWEDA counselling services

Designated funds

IT Fund

The purpose of the fund is to build an IT fund to pay for replacement computers as life span of a laptop is usually three years.

Strategic Development Fund

These funds have been set a side under the discretion of the Trustees towards the development of fundraising team and therapeutic services.

Equipment Fund

These funds have been set a side under the discretion of the Trustees towards additional equipment required for increased staff & volunteer recruitment as SWEDA grows.

Premises Review Fund

These funds have been set a side under the discretion of the Trustees towards to cover the need for additional space. SWEDA has currently outgrown current premises and looking for additional space short-term. Longer-term need to review premises situation as the charity expands, and our current lease expires in October 2025.

Digital Platform Development Fund

The purpose of the fund is to invest and maintain SWEDA's digital systems during growth.

14 Analysis of net assets between funds

Tangible fixed assets
Other net current assets		 General
Designated
Funds
Funds
£
£
8,203
-
273,720
205,000
281,923
205,000
Unrestricted Funds		 Restricted
Funds
£
-
11,161
11,161		 Total Funds
2022
£
8,203
489,881
498,084

23

SOMERSET AND WESSEX EATING DISORDERS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

14 Analysis of net assets between funds

Prior year comparative
Tangible fixed assets
Other net current assets		 General
Designated
Funds
Funds
£
£
(Restated)
11,717
-
306,102
45,000
317,819
45,000
Unrestricted Funds		 Restricted
Funds
£
(Restated)
-
-
-		 Total Funds
2021
£
(Restated)
11,717
351,102
362,819

15 Related party transactions

There are no related party transactions in the year (2021: £nil) apart from those already disclosed throughout the report.

16 Reconciliation of net movement in funds to net cash inflow from operating activities

Statement of Financial Activities: Net movement in funds
Investment income
Depreciation
Increase in creditors: current liabilities
Decrease / (increase) in debtors
Net cash (outflow)/inflow from operating activities
Analysis of changes in cash during the year
Cash at bank and in hand
Cash at bank and in hand		 2022
£
606,433
2021
£
375,301		 2022
£
135,265
(140)
3,514
122,564
(30,211)
230,992
2021
£
375,301
2020
£
183,218		 2021
£
184,611
(190)
5,762
6,424
5,553
202,160
Change
£
231,132
Change
£
192,083

17 Analysis of changes in cash during the year

24