2023-12-31-accounts

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Company number: 03245543 Charity Number: 1060062

Body & Soul

Report and financial statements For the year ended 31 December 2023

Body & Soul

For the year ended 31 December 2023

Reference and administrative information ....................................................................... 3 Trustees’ annual report .................................................................................................. 5 Independent auditor’s report ........................................................................................ 61 Statement of financial activities (incorporating an income and expenditure account) .... 66 Balance sheet ............................................................................................................... 67 Statement of cash flows ................................................................................................ 68 Notes to the financial statements ................................................................................. 69

Body & Soul

Reference and administrative information

For the year ended 31 December 2023

Company number	03245543
	Incorporated – United Kingdon
Charity number	1060062
	Registered – England and Wales
Registered office	St Ives House
and operational	99-119 Rosebery Avenue
address	London
	EC1R 4RE
Trustees	Trustees, who are also directors	under company law, who served
	during the year and up to the date of this report were as follows:
	Marjorie Agwang
	Deborah Bee
	Maurice Biriotti
	Sara Carter (resigned 31 March 2024)
	Munya Chidakwa
	Jeff Currie
	Jane Dutton
	Alex Lifschutz
	Chris Naylor
	Peter Souter
	Rachel Stevenson
	Jagdeep Parbha (appointed 1 May 2024)
Key management	Emma Colyer	Director
personnel	Jed Marsh	Assistant Director
	David Bell	Head of Operations (resigned 1
		January 2024)
	Katie Brown	Head of Young Adult Therapeutic
		Pathways
	Rachel Bothamley	Head of Referrals, Therapies &
		External Engagement
	Zoe Reynolds	Head of Pathways & Programmes
	Kudzai Sitima	Strategic Support
Bankers	The Co-operative Bank	Lloyds Bank plc
	62-64 Southampton Row	21-23 Hill Street
	London	London
	WC1B 4AR	W1J 5JW

Body & Soul

Reference and administrative information

For the year ended 31 December 2023

Solicitors Hogan Lovells 65 Holborn Viaduct London, EC1A 2DV Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor 110 Golden Lane LONDON, EC1Y 0TG

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

The Trustees present their report and the audited financial statements for the year ended 31 December 2023

Reference and administrative information set out on pages 3 & 4 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Body & Soul is an innovative frontline charity that brings a community-based and richly trauma-engaged approach to addressing the life-threatening impact of traumatic experiences in people of all ages. The charity was established in 1996 to provide targeted support for children and families, primarily refugees, who were living with HIV alongside complex trauma and multiple other adversities. In response, Body & Soul quickly developed a creative ‘whole-person’ model of healing, which transcends any specific source of trauma by focusing instead on nurturing individual strengths and the capacity for connection to maximise opportunities for growth and for mutual support, meanwhile offering a full suite of specialist practical and therapeutic support to address the more specific social, economic and psychological effects of acute or repetitive trauma.

This approach is inherently collaborative, shaped by a constant dynamic dialogue with members, who are actively involved in the organisation at every level. It is also systemic and solutions-orientated: through building long-term trusting relationships with each of our members, we have a clear understanding of all the challenges and joys in their lives, and we can therefore intervene in a highly-targeted way to reduce any risks and enhance specific protective factors.

In addition, Body & Soul is an inquiring organisation. There is a substantial body of research showing that the stress associated with adverse childhood experiences can have extremely serious consequences for individuals but also at the social and macroeconomic levels. For example, according to the WHO, “such stress can lead to serious problems such as alcoholism, depression, eating disorders, unsafe sex, HIV, heart disease, cancer and other chronic diseases.” From the outset, Body & Soul has had to squeeze every ounce of impact from every pound we are given, which is why we always make sure we have a clear empirical rationale for every one of our interventions, and then monitor them rigorously ourselves to make sure we generate clear evidence of impact.

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Principles

Body & Soul is committed to:

♥ Promoting equity and respect and to combating stigma, prejudice and discrimination in all settings and services.
♥ Adopting and promoting a human rights-based approach.
♥ Participation of members of all ages in planning, shaping, and delivering programmes.
♥ Ensuring there are structures, policies, and procedures which enable us to achieve our mission and fulfil our objectives.
♥ Working together with others in the spirit of collaboration and partnership to provide services that are evidenced based and of a high standard.
♥ Having an unshakable commitment to people of all ages impacted through childhood adversity and ongoing trauma.
♥ Having an entrepreneurial, innovative, and flexible approach.

Achievements in 2023

Trustees’ annual report For the year ended 31 December 2023

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Body & Soul

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Trustees’ annual report

Body & Soul

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Trustees’ annual report

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Trustees’ annual report

Body & Soul

Trustees’ annual report

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Body & Soul

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Trustees’ annual report

Body & Soul

Trustees’ annual report

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Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Body & Soul

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Trustees’ annual report

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Generating Income to Transform Lives: 8% of expenditure was on generating funds

Structure, Governance and Management section

Reserves

The reserves at Body & Soul are made up of restricted, designated and general funds. Body & Soul’s approach to reserves is focussed on what is held in general free reserves. These are funds that are not restricted or designated for a defined purpose. Unrestricted funds are used for the overall delivery of the organisations aims and objectives.

The Trustees aim to maintain unrestricted reserves equivalent to three months’ running costs, this equates to approximately £380,000. Reserves at the end of this year represent under 3 months running costs, however this was anticipated and is part of the 2024 income generation strategy. General funds equate to £262,083. The Trustees continue to take steps to develop the reserves of the organisation with a focus on social entrepreneurial activities and the development of individual donors.

Risk

As part of their ongoing responsibility for ensuring the identification and management of risk, the Trustee Board review the risks faced by the charity using the Risk Register framework and put in place procedures to manage risks identified.

Key risks were felt to be:

♥ Difficulty in maintaining and further increasing charitable income due to the impact of austerity and the impending General Election.
♥ Difficulty in securing funds from Trusts and Foundations due to increased demand, competition and changes in criteria.
♥ Impact of the decreased income stream of venue hire through changing work patterns of external organisations.
♥ Difficulty in influencing the wider system due to the uncertain political and social environment we are operating within.
♥ Difficulty in managing increasing demands and complexities on programmes.
♥ Difficulty in recruiting/maintaining key staff with salaries offered and in the context of remote working and changing patterns of working.
♥ Difficulty in maintaining staff with the impact of the collective trauma on everyone.
♥ Increase in competitive tendering.
♥ Potential reduction anticipated of external providers acting on a pro bono/discounted basis.

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

♥ Difficulty in lack of financial networks to generate income.
♥ Failure to maximise opportunities when they arise due to capacity of staffing.
♥ Inadequacy of data systems to capture all data required.
♥ Continuing to establish the organisation as a leader in trauma.

Key mitigations:

♥ On finances, we have a variety of robust structures in place designed to routinely enhance transparency and reduce the likelihood of fraud – e.g. the Director produces detailed management accounts against budget for every bi-monthly trustee meeting and tallies all restricted/unrestricted income and expenditure once a month. We also review our systems for financial supervision and control on a regular basis and take advice from trustees and other relevant third parties around specific issues, as and when necessary – e.g. Hogan Lovells have provided advice around a new partnership arrangement for the delivery of DBT services. Over the past year, we have paid special attention to three areas of work in order to mitigate financial risk:
Our adoption programme is substantially funded by the Adoption Support Fund, central government money that is allocated to individual children via social workers. Since there are so many moving parts to this particular income stream (gaining agreements with families, communicating with social workers about applications, invoicing borough councils etc), we have implemented a monthly meeting between the Adoption Programme Manager, and the Director, to make sure we have shared oversight over which money is in discussion versus invoiced, versus paid. This has improved dramatically over the last year.
We continue to monetise our expertise, providing training, clinical supervision and reflective practice for a range of external organisations, including NHS teams, universities and large corporates.
To make sure we maximise our opportunities for raising funds, and we have a regular monthly review of all potential grants between fundraisers and the SLT, and we have freed up time within the SLT to support funding applications to address bottlenecks in terms of deadlines or where there is some specialist expertise required. We have also been selected by CAF to aid further development in our Fundraising Strategy. Alongside this Trustees have taken responsibility for a proportion of the income targets.
♥ On frontline delivery, the formalising of a partnership arrangement with a long-time collaborator and clinical supervisor on our DBT programme, has allowed flex on scaling YANA DBT groups. We continue to implement rigorous attention to racial

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

trauma across all our programmes, including an obligatory programme of training in somatic abolitionism and allyship for all white staff and volunteers; a special programme supervision/reflective practice run by Eugene Ellis for all our adoption workers; and dedicated spaces for bodies of culture – members and staff – to reflect on their experiences inside and outside Body & Soul. While celebrating the agility and creativity in our programmes that are so important for enthusing our members and remaining responsive to their needs, we are also working to enhance replicability where possible – so valuable for honing and demonstrating impact. To that end, we continue to develop our ‘Rooted’ programme, a six-week course of vibrant therapeutic activities designed to engage all of our systems for soothing and self-efficacy – narrative and visual art, bodywork and movement, community and connection, psychoeducation around neurobiology – which we intend to roll out across age groups and programmes in time.

♥ On staffing, we have significantly enriched the expertise and capacity within the whole team and within the senior leadership team over the last 12 months. Developing and sharing organisational wisdom and knowledge is essential in sustaining and in any succession planning. These changes enhance our collective approach and bring positive morale throughout the team. Finally, our structured programme of volunteering for members continues to develop apace, with many of our young people now bringing rich seams of lived experience to all aspects of our organisation – e.g. support work and group facilitation, designing and producing therapeutic resources, presenting podcasts, writing fundraising applications, participating in research etc.
♥ On strategy, beyond the ways we routinely monitor and evaluate our services (for which we have won awards from RSPH and The King’s Fund), we continue to collaborate with a number of high-profile clinical and academic institutions, alongside our partnerships with Corporates and other NGO’s. For instance:
Royal Statistical Society – a fellow of the RSS is helping us develop a plausible methodology for substantiating the long-term economic value of our preventative work – i.e. the average direct contribution to the public purse of someone who joins our HIV programme, for instance, in terms of both reduced use of statutory services and enhanced productivity.
St Marys University: We are exploring research to be able to demonstrate the effectiveness of our approach to share this across the health and social care sector so as to establish a blueprint for suicide prevention services to prevent the needless deaths of young adults across the country.

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Going concern

The last few years of the pandemic and uncertain external environment continues to impact the charity sector, from increasing presenting needs for some of societies most marginalised communities to pressures on staffing, volunteering and income generation. The collective trauma experienced from an individual to an organisational level is still playing out and organisations need to be able to respond with agility, robustness and creativity.

The Trustees are proud of the continued innovation and tenacity that Body & Soul maintained across 2023. Programmes have continued to be reflected on and developed with a sense of ease and fluidity. Led by a value driven commitment to bringing 27 years of experience in trauma focussed support to an ever increasing population, Body & Soul not only maintained, but extended its reach and innovative approach.

With the ever-changing external environment in mind, the increased competitiveness in securing funding, the cuts in the statutory sector and the economic crisis in cost of living. The organisation has adapted to meet these challenges to look to secure the necessary funds to deliver the programmes agreed in 2024 This is made possible through a revised fundraising strategy that works across the system to secure, maintain and develop new relationships in meeting increased needs.

The Trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern.

Remuneration

We are committed to paying our staff a fair and appropriate salary whilst always ensuring we have the financial ability to do so. As an organisation with important responsibilities towards our beneficiaries, donors, supporters, staff, and the public we recognise that accountability and transparency are in all aspects of our work. We balance the need of ensuring that value for money is present in all we do alongside the need to attract and retain staff with the leadership, experience, knowledge, and skills required to lead the transformation and complex work we are engaged with. We benchmark salaries against other similar front line service providers of a similar size. We aim to increase salaries regularly in the context of income confirmed and external economic factors. We pay a London Living wage to all employees. We believe those who consistently contribute at a level above expectation should have the opportunity to be further rewarded for doing so. The team is supported by a range of voluntary professionals including the law firms Hogan Lovells, ITV, Wilsons, Bates Wells Braithwaite and Miles & Partners who assist in legal,

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

strategic and infrastructure issues; DMFK provides assistance on building/design related matters.

A range of other external specialists also support the organisation every year.

In addition to the staff team and partner organisations, the organisation has benefitted hugely from volunteers during 2023. Without volunteers, Body & Soul would not be able to deliver our innovative, high quality, and responsive programmes of support. The Volunteer contribution in 2023 continues to multiply the size of the staff team.

Fundraising Practices Review

All fundraising practices are framed within the values and principles of the organisation. Where expenditure is required to generate income, there is an analysis of the return on investment to ensure the organisation is able to make informed decisions regarding activities.

The fundraising and partnership team are internal - the organisation does not use external, professional fundraisers. We do not employ the services of any fundraising agencies or third parties, nor have we run a telephone or door to door fundraising campaign. Our relationship with our supporters is very important to us and we do not wish for our supporters to feel under any pressure to donate to the charity. Where we partner with corporates, due diligence is conducted on the organisations and the amount of time and effort we as a charity need to invest, versus the income we would likely receive. Clear parameters and responsibilities are then agreed between partners.

We have ensured we are in line with the GDPR data protection regulations and all other relevant codes of conduct. We received no complaints about our fundraising practices in 2023.

Financial Review

The external environment continues to be a challenge, with the lack of certainty in the economy, the unknown in how the pandemic will continues to impact society and the evergrowing need for scarce resources. This runs in parallel to a statutory sector that is under pressure financially and continues to make cutbacks. A resulting impact is experienced by our members. We have worked hard to respond to these challenges through the development of social entrepreneurial activities, however this has been challenging during the pandemic. New activities are being further piloted to grow general funds.

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Key programmes in 2023 were focussed around Adoption/Special Guardianship, HIV, Young people and mental health, Support for NHS and frontline workers and Self Harm /Suicidality.

Body & Soul receives funding from a variety of sources. Income came from the following sources each of which are explained in the graph:

----- Start of picture text -----
Income 2023
8%
5%
25%
11%
20%
31%
Corporate Trusts
Statutory Central Government/Lottery
General Donations Social Enterprise/Other
----- End of picture text -----

In 2023, activities resulted in a deficit of £160,690. After 2022, we began the year in a challenging position to raise the necessary funds to be in surplus. However, we brought new funding partners to Body & Soul and grew income in a numbers of categories.

At midpoint of the financial year, it was indicated the organisation may end with a deficit. With key strategic decisions implemented, we began

2024 with additional fundraising capacity, alongside external support to aide our strategy for the forthcoming year. Expenditure was also reviewed to ensure any further savings and efficiencies could be actioned.

Body & Soul ended 2023 with unrestricted funds of £493,517 of which £262,083 was general funds.

Public Benefit

The trustees have taken great care in considering the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. The aims not only provide a direct benefit to our members but also the wider public as they strengthen relationships, build community, reduce the financial pressure on health and social care systems, and create responsible citizens capable of participating in their communities and building an inclusive society.

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

The Year Ahead

Body & Soul looks forward to 2024 with passion, dedication and hope. We will continue to reach new people, reaching out to communities marginalised in society and often most impacted by the collective trauma of the world we exist within. We will be tenacious in our aspiration to amplify our trauma engaged approach among fellow professionals, experts, and opinion formers with an interest in interrupting the lifelong consequences of childhood adversity and ongoing trauma.

We are ambitious, always striving, and unwaveringly passionate about changing the world we live in. We will not rest with the knowledge that millions of people live in a cycle of despair, not knowing how to break it. We know through community and the right interventions at the right time, everyone can feel a sense of peace, a sense of self, and a sense of resilience. To this end, we enter our 27[th] year committed to delivering our proven transformational programmes for people of all ages who have experienced childhood trauma, solving what is perceived to be one of the intractable problems of our time with a cost effective and impactful approach.

Our continued success would not be possible without community. The list of who is part of this community is extensive: members of all ages from every part of the UK and many others living internationally; volunteers, from those who answered our call and member volunteers who are channelling their new found wellbeing to help others; staff, full time and part time making up to 50+dedicated people; trustees, patrons and ambassadors, funders who believe in and back our model of care and corporate partners who provide expertise, funding and 100’s of volunteers.

We are forever indebted to all the amazing people, trusts, companies and organisations that have, through contributions big and small, put life, energy, and love into the organisation.

Our Key Hopes for 2024 are:

♥ Launch a new digital identity through re-visioning our brand presence.
♥ Continue the expansion, reach and development of the ‘You are not Alone’ Programme, increasing the age range, number of groups, and support for caregivers.
♥ Expansion of wellbeing, trauma engaged offerings to the UK and internationally.
♥ Research and publication of the unique findings in the development of a therapeutic community in the 21[st] Century.

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

♥ Review and development of all programmes in relation to the changing external environment.

Structure, governance and management

Body & Soul is made possible through the dedication of staff, volunteers and the community, of which the Trustee Board delegate the day-to-day running of Body & Soul to a full-time staff team with over 27 years’ combined experience of delivering services which support children, teenagers, and families impacted by childhood adversity and ongoing trauma.

The Trustee Board provides strategic oversight and governance to the organisation. It is committed to members of the Board having lived experience of trauma and is proud that throughout its history the Board has always had this representation. New Trustees to Body & Soul are recruited both internally and externally, with all appointments being approved by the Board of Trustees. A bespoke induction follows, ensuring each new Trustee understands the governance structure and decision-making processes, legal obligations under charity law, values and principles, financial reporting and overall programme delivery. Trustee meetings are held a minimum of every quarter.

The staff team are accountable to members, the Board of Trustees, stakeholders, and each other. At the beginning of the year we had a full-time staff team of 15, and a part-time team of 10. We ended the year with a full-time team of 13 and a part-time team of 12. There was an average headcount of 25, further amplified by over 250 volunteers.

The staff team in 2023 has therefore consisted of:

♥ Director: Emma Colyer
♥ Assistant Director: Jed Marsh
♥ Head of Adult HIV Programmes: Georgia Gideon (finished November 2023)
♥ Strategic Support: Kudzai Sitima
♥ Creative Communities Curator: Florence Kettle (finished December 2023)
♥ Head of Operations: David Bell
♥ Head of Casework and Advocacy: Sarah Jones (returned from MAT leave as of July 2023)
♥ Head of Casework and Advocacy: Gina Simpson (finished October 2023)
♥ DBT Lead: Kelsey Hylland
♥ Programme Manager You Are Not Alone: Amanda Larsen (started August 2023)
♥ Head of Children’s Programmes: Jane King
♥ Children & Family Therapeutic Support: Hilary Marling
♥ Head of Learning and Development: Zoe Reynolds

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

♥ Clinical DBT Lead: Marie Wassberg
♥ Head of Referrals, Outreach and Engagement: Rachel Bothamley
♥ Head of Fundraising & Partnerships: Andrea Esposito Diaz
♥ Childhood Adversity Programmes & Partnership Manager: Aarati Bista
♥ Head of Young Adult therapeutic Pathways – YANA: Katie Brown
♥ Chef: Selina Rovai
♥ Mindset and Digital Delivery : Kai Rutlin
♥ Front of House/Building Support: Elizabeth Wernham (started September 2023)
♥ Teen Spirit Lead HIV: Davide Mason (started January 2023)
♥ Building Centre Manager: Masimba Sitima (started May 2023)
♥ Assistant Psychologist Children and Young People: Daniela Davis (started November 2023)
♥ Head of Volunteering: Beth Deans
♥ Front of House/Venue Hire: Charlie Coaker (finished June 2023)
♥ Lead Designer for Bloom: Virginia Ma
♥ Teen Spirt Lead Adoption & Special Guardianship: Olivia Bowman (finished August 2023)
♥ Head of Beyond Boundaries: Maya Soto-Jones
♥ Young Adult HIV Programmes: Malunga Yese (finished January 2023)

The staff team represent a broad range of specialist knowledge and lived experience. All staff have a passionate commitment to human rights, to the principles of equity, belonging and inclusion; to the provision of excellence and to the involvement of members of all ages. Outside of key frontline posts, where we believe we have assembled a highly qualified and skilled team, we have also brought in skilled professionals and organisations to further enhance our work.

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

Statement of responsibilities of the trustees

The trustees (who are also directors of Body & 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 state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for 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.
Make judgements and estimates that are reasonable and prudent.
State whether applicable UK Accounting Standards and statements of recommended practice 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 charity will continue in operation.

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.
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.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at

Body & Soul

Trustees’ annual report

For the year ended 31 December 2023

31 December 2023 was 11 (2022:11). The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

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

The trustees’ annual report has been approved by the trustees on 23 September 2024 and signed on their behalf by

Deborah Bee

Chair

Independent auditor’s report

To the members of

Body & Soul

Opinion

We have audited the financial statements of Body & Soul (the ‘charitable company’) for the year ended 31 December 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 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 December 2023 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
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.

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 Body & Soul'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.

Independent auditor’s report

To the members of

Body & Soul

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. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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’ annual report, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The trustees’ annual report, has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the 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 trustees’ annual 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 trustees’ remuneration specified by law are not made; or
We have not received all the information and explanations we require for our audit; or
● The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions

Independent auditor’s report

To the members of

Body & Soul

in preparing the trustees’ annual report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, 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 concern, 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.

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 extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:

Independent auditor’s report

To the members of

Body & Soul

Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
The internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations.
We inspected the minutes of meetings of those charged with governance.
We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
We reviewed any reports made to regulators.
We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

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 instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Independent auditor’s report

To the members of

Body & Soul

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.

Fleur Holden (Senior statutory auditor) Date: 27 September 2024

for and on behalf of Sayer Vincent LLP, Statutory Auditor

110 Golden Lane, LONDON, EC1Y 0TG

Body & Soul

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 December 2023

For theyear ended 31 December 2023	For theyear ended 31 December 2023
Restricted Note £ Income from: 2 - 3 72,276 3 60,617 3 353,556 3 63,813 3 7,467 - - 557,729 4 - 4 72,190 4 67,636 4 337,015 4 73,596 4 7,366 557,803 5 (74) 14 - (74) Reconciliation of funds: 88,930 88,856 Rental and other income Raising funds Net income / (expenditure) for the year Total expenditure Charitable activities Adult Services Other programmes Hardship Grants Total funds brought forward Total funds carried forward Transfers between funds Net movement in funds Other programmes Hardship Grants Youth Services Children's Services Investments Total income Expenditure on: Donations Charitable activities Youth Services Children's Services Adult Services		Designated General £ £ - 574,323 - - - - - - - 158,012 - - - 97,410 - 8,533 - 838,278 2,983 124,619 5,966 186,364 5,966 267,956 10,441 307,870 4,474 82,255 - - 29,830 969,064 (29,830) (130,786) 191,692 (191,692) 161,862 (322,478) 69,572 584,561 231,434 262,083 Unrestricted		2023 Total £ 574,323 72,276 60,617 353,556 221,825 7,467 97,410 8,533	Restricted £ - 82,887 82,840 284,393 110,830 5,123 - -	2022 Designated General Total £ £ £ - 595,842 595,842 - - 82,887 - - 82,840 - - 284,393 - 238,705 349,535 - - 5,123 - 67,637 67,637 - 2,671 2,671 - 904,855 1,470,928 1,595 128,854 130,449 3,190 131,575 214,396 3,190 261,505 335,118 5,583 219,639 600,858 4,386 28,203 170,969 - - 6,354 17,944 769,776 1,458,144 (17,944) 135,079 12,784 21,444 (21,444) - 3,500 113,635 12,784 66,072 470,926 730,279 69,572 584,561 743,063 Unrestricted
	557,729	-	838,278	1,396,007	566,073	-
	- 72,190 67,636 337,015 73,596 7,366	2,983 5,966 5,966 10,441 4,474 -	124,619 186,364 267,956 307,870 82,255 -	127,602 264,520 341,558 655,326 160,325 7,366	- 79,631 70,423 375,636 138,380 6,354	1,595 3,190 3,190 5,583 4,386 -
	557,803	29,830	969,064	1,556,697	670,424	17,944
	(74) -	(29,830) 191,692	(130,786) (191,692)	(160,690) -	(104,351) -	(17,944) 21,444
	(74) 88,930	161,862 69,572	(322,478) 584,561	(160,690) 743,063	(104,351) 193,281	3,500 66,072
	88,856	231,434	262,083	582,373	88,930	69,572

All of the above results are derived from continuing activities. There were no other recognised gains or losses in addition to those stated above. Movements in funds are disclosed in Note 14 to the financial statements.

Body & Soul

Balance sheet

Balance sheet	Balance sheet
As at 31 December 2023			Company	no. 3245543
Note £ Fixed assets: 10 Current assets: 11 204,590 272,153 476,743 Liabilities: 12 125,804 13 14 231,434 262,083 Debtors Restricted income funds Unrestricted income funds: Designated funds The funds of the charity: Creditors: amounts falling due within one year Cash at bank and in hand Tangible assets Net current assets Total net assets General funds Total unrestricted funds Total charity funds		2023 £ 231,434	£ 231,307 529,655	2022 £ 69,572
		231,434 350,939		69,572 673,491
	476,743 125,804		760,962 87,471
	231,434 262,083		69,572 584,561
		582,373		743,063
		88,856 493,517		88,930 654,133

		582,373		743,063

Approved by the trustees on 23 September 2024 and signed on their behalf by

Deborah Bee Chair

Body & Soul

Statement of cash flows

For the year ended 31 December 2023

For the year ended 31 December 2023
Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Change in cash and cash equivalents in the year Cash flows from operating activities Net cash used in investing activities Net cash (used in) /provide by operating activities Cash flows from investing activities: Purchase of fixed assets Net income for the reporting period (as per the statement of financial activities) Depreciation charges Decrease in debtors Increase in creditors	£ £ (160,690) 29,830 26,717 38,333 (65,810) (191,692) (191,692) (257,502) 529,655 272,153 2023		£ £ 12,784 17,944 218,459 (11,397) 237,790 (21,444) (21,444) 216,346 313,309 529,655 2022
	(191,692)		(21,444)

		(257,502) 529,655		216,346 313,309
		272,153		529,655

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

1 Accounting policies

a) Statutory information

Body & Soul is a charitable company limited by guarantee and is incorporated in England.

The registered office address is 99-119 Rosebery Avenue, London, EC1R 4RE.

b) Basis of preparation

The financial statements have been prepared in accordance 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) (Charities SORP FRS 102), and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity, which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

1 Accounting policies (continued)

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, indirect costs are allocated on different bases suitable to the cost. The main allocations are:

Catering costs based on beneficiary numbers
Premises costs based on floor space  Volunteer expenses based on volunteer numbers  Staff costs based on staff time

j) Allocation of support and governance costs

Support and governance costs are reallocated on the basis of floor space using the following percentages:

	Cost of raising funds	10% (2022: 10%)
	Adult services	35% (2022: 35%)
	Youth services	20% (2022: 20%)
	Children's services	20% (2022: 20%)
	Other programmes	15% (2022: 15%)

k) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer and music equipment
Fixtures and fittings
Refurbishment

25% per annum 20% per annum 7.7% per annum

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

1 Accounting policies (continued)

m) Debtors

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

n) Cash at bank and in hand

Cash at bank and cash 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.

o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2 Income from donations

Income from donations
Donations and grants	2023 Restricted Total Restricted £ £ £ £ - 574,323 574,323 - - 574,323 574,323 - Unrestricted	£ 595,842 Unrestricted	2022 Total £ 595,842
		595,842	595,842

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

3 Income from charitable activities

y & Soul the year ended 31 December 2023 es to the financial statements Income from charitable activities
Comic relief Comic Relief Department of Health and Social Care Big Lottery Fund Big Lottery Fund Total income from charitable activities Sub-total for Other programmes Body & Soul acts as an agent for Hardship grants Sub-total for Hardship Grants Sub-total for Adults Services Charitable Trusts/Foundations Charitable Trusts/Foundations Corporate donors Big Lottery Fund Sub-total for Children's Services Charitable Trusts/Foundations Sub-total for Youth Services Corporate donors Charitable Trusts/Foundations Corporate donors Young Londoners Foundation Young Londoners Foundation	Restricted £ 42,870 20,033 9,373 -	£ - - - - Unrestricted	2023 Total £ 42,870 20,033 9,373 -	Restricted £ 23,480 16,267 18,758 24,382	£ - - - - Unrestricted	2022 Total £ 23,480 16,267 18,758 24,382
	72,276 18,716 31,909 9,992 -	- - - - -	72,276 18,716 31,909 9,992 -	82,887 8,000 22,917 22,842 29,081	- - - - -	82,887 8,000 22,917 22,842 29,081
	60,617 190,254 72,558 80,751 9,993 -	- - - - -	60,617 190,254 72,558 80,751 9,993 -	82,840 141,066 40,817 72,032 22,842 7,636	- - - - - -	82,840 141,066 40,817 72,032 22,842 7,636
	353,556 46,301 17,512	- 158,012 -	353,556 204,313 17,512	284,393 93,000 17,830	- 238,705 -	284,393 331,705 17,830
	63,813 7,467	158,012 -	221,825 7,467	110,830 5,123	238,705 -	349,535 5,123
	7,467	-	7,467	5,123	-	5,123
	557,729	158,012	715,741	566,073	238,705	804,778

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

4a Analysis of expenditure (current year)

Analysis of expenditure (current year) the year ended 31 December 2023
Staff costs Other staff costs Consultancy Quality and Excellence Nutrition programme Health & Well being programme Facilitators and Trainers Workshops/courses/activities Therapeutic Programmes Volunteer programme Outreach and Communication Hardship Grants Miscellaneous Establishment costs Non-capitalised equipment/Resources Audit & accountancy Other costs Trustee expenses Depreciation Support costs Governance costs Total expenditure 2023 Total expenditure 2022	Cost of raising funds £ 65,631 752 - 2,232 - - - - - 1,090 1,854 - 205 22,544 - - 11,565 - 2,983 108,856 17,004 1,742 127,602 130,449		Charitable activities			Hardship Grants £ - - - - - - - - - - - 7,366 - - - - - - - 7,366 - - 7,366 6,354	Governance costs £ - - - - - - - - - - - - - - - 17,316 - 100 - 17,416 - (17,416) - -	Support costs £ 109,386 1,254 - 3,719 - - - - - 1,090 - - 2,509 45,087 5,323 1,669 - - - 170,037 (170,037) - - -	2023 Total £ 729,238 8,360 - 24,795 61,474 112,251 47,110 11,200 122,888 21,795 3,938 7,366 10,486 322,053 13,263 18,985 11,565 100 29,830 1,556,697 - - 1,556,697 1,458,144	2022 Total £ 639,334 11,176 2,142 12,637 57,850 109,710 28,865 12,972 129,507 21,236 13,754 6,354 8,196 351,924 9,879 15,084 9,537 43 17,944
		Youth Services £ 116,678 1,338 - 3,967 7,895 15,959 11,237 3,164 7,906 3,269 521 - 2,530 45,087 1,513 - - - 5,966 227,030 34,007 3,483 264,520 214,396	Children's Services £ 94,801 1,087 - 3,223 10,527 45,762 33,349 2,435 6,339 4,359 521 - 2,578 90,175 2,946 - - - 5,966 304,068 34,007 3,483 341,558 335,118	Adult Services £ 269,818 3,093 - 9,174 42,932 50,530 2,524 5,601 83,971 8,718 521 - 2,664 96,616 3,114 - - - 10,441 589,717 59,513 6,096 655,326 600,858	Other programmes £ 72,924 836 - 2,480 120 - - - 24,672 3,269 521 - - 22,544 367 - - - 4,474 132,207 25,506 2,612 160,325 170,969
										1,458,144 - -
										1,458,144

Staff costs of £24,160 (2022: £19,049) are included in other lines of expenditure to reflect activity costs more accurately.

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

4b Analysis of expenditure (prior year)

Analysis of expenditure (prior year) the year ended 31 December 2023
Staff costs Other staff costs Consultancy Quality and Excellence Nutrition programme Health & Well being programme Facilitators and Trainers Workshops/courses/activities Therapeutic Programmes Volunteer programme Outreach and Communication Hardship Grants Miscellaneous Establishment costs Non-capitalised equipment/Resources Audit & accountancy Other costs Trustee expenses Depreciation Support costs Governance costs Total expenditure 2022	Cost of raising funds £ 70,327 1,229 - 1,390 - - - 415 - - 4,950 - 88 24,867 - - 9,537 - 1,595 114,398 14,723 1,328 130,449		Charitable activities			Hardship Grants £ - - - - - - - - - - - 6,354 - - - - - - - 6,354 - - 6,354	Governance costs £ - - - - - - - - - - - - - - - 13,236 - 43 - 13,279 - (13,279) -	Support costs £ 89,507 1,565 805 1,769 - - - - - 1,062 - - - 46,415 4,258 1,848 - - - 147,229 (147,229) - -	2022 Total £ 639,334 11,176 2,142 12,637 57,850 109,710 28,865 12,972 129,507 21,236 13,754 6,354 8,196 351,924 9,879 15,084 9,537 43 17,944
		Youth Services £ 76,720 1,341 229 1,516 8,099 10,930 9,539 4,443 8,887 2,124 2,201 - 2,294 49,734 1,047 - - - 3,190 182,294 29,446 2,656 214,396	Children's Services £ 95,900 1,676 458 1,896 15,041 43,285 18,416 2,672 10,710 4,247 2,201 - 1,938 99,468 1,918 - - - 3,190 303,016 29,446 2,656 335,118	Adult Services £ 242,947 4,247 650 4,802 34,710 50,091 868 5,442 72,082 10,618 2,201 - 1,938 106,573 1,929 - - - 5,583 544,681 51,530 4,647 600,858	Other programmes £ 63,933 1,118 - 1,264 - 5,404 42 - 37,828 3,185 2,201 - 1,938 24,867 727 - - - 4,386 146,893 22,084 1,992 170,969
									1,458,144 - -
									1,458,144

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

5 Net incoming / (outgoing) resources for the year

This is stated after charging:

This is stated after charging:
	2023	2022
	£	£
Depreciation	29,830	17,944
Auditor's remuneration (excluding VAT):
Audit	10,300	9,600
Accounts preparation	2,800	2,600
Operating lease rentals
Property	100,000	100,000

6 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Salaries and wages Social security costs Pension contributions	2023 2022 £ £ 662,003 579,819 60,245 47,081 31,150 31,483 753,398 658,383

No employee earned more than £60,000 during the year (2022: nil).

The total employee benefits of the key management personnel including employer's National Insurance and Pension were £272,993 (2022: £201,296). In 2022, Key Personnel was 6 people, one left in June 22, and the Head of Pathways & Programmes was on Maternity leave for the year. In 2023, Key Personnel was 7 people, with the Head of Pathways & Prorgammes returned from maternity leave in January 23.

Trustees' expenses represent the payment or reimbursement and subsistence totalling £100 (2022: £43) incurred by 1 trustee (2022: 10 trustees) relating to subsistence at meetings of the trustees.

7 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Raising funds Children's Services Support and governance Adult Services Other programmes Youth Services	2023 2022 No. No. 2.4 2.8 4.0 3.2 3.3 3.9 9.4 10.0 2.6 2.5 3.7 3.7 25.4 26.0

8 Related party transactions

Aggregate donations from related parties were £nil (2022: £nil), and no trustees (2022: none) received any remuneration or received any other benefits from an employment with the charity or a related entity. Within the year Body and Soul received £6,098 (2022:£2,260) worth of services from SHM Foundation.Trustee Maurice Biriotti is the Chair of SHM Foundation, these services were given at arms length.

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

9 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

10 Tangible fixed assets

Tangible fixed assets
At the start of the year Cost Depreciation Net book value At the end of the year At the end of the year At the end of the year At the start of the year Charge for the year At the start of the year Additions in year	Refurbishment £ 1,394,673 179,394	Fixtures and Fittings £ 135,309 7,303	Computer and music equipment £ 80,848 4,994	Total £ 1,610,830 191,692
	1,574,067	142,612	85,842	1,802,522
	1,345,075 19,689	124,570 5,575	71,613 4,566	1,541,258 29,830
	1,364,764	130,145	76,179	1,571,088
	209,303	12,467	9,663	231,434
	49,598	10,739	9,235	69,572

All of the above assets are used for charitable purposes.

11 Debtors

Grants receivable Other debtors Prepayments	2023 2022 £ £ 10,896 19,200 2,657 17,454 191,037 194,653 204,590 231,307

12 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals Taxation and social security Trade creditors	2023 £ 46,858 63,226 15,720	2022 £ 31,424 41,407 14,640
	125,804	87,471

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

13a Analysis of net assets between funds (current year)

For the year ended 31 December 2023 13a Analysis of net assets between funds	(current year)
13b 14a Total restricted funds Total designated funds General funds Hardship grants Youth Services Movements in funds (current year) Restricted funds: Children's Services Adult Services Analysis of net assets between funds Tangible fixed assets Net current assets Net assets at the end of the year Net current assets Tangible fixed assets Net assets at the end of the year Other programmes Total funds Total unrestricted funds Unrestricted funds: Designated funds: Fixed assets fund	At 1 January 2023 £ 3,256 12,417 61,538 1,769 9,950 (prior year)	Restricted funds £ - 88,856	Designated funds £ 231,434 -	General funds £ - 262,083	Total funds £ 231,434 350,939
		88,856	231,434	262,083	582,373
		Restricted funds £ - 88,930	Designated funds £ 69,572 -	General funds £ - 584,561	Total funds £ 69,572 673,491
		88,930	69,572	584,561	743,063
		Income & gains £ 72,276 60,617 353,556 7,467 63,813	Expenditure & losses £ (72,190) (67,636) (337,015) (7,366) (73,596)	Transfers £ - - - - -	At 31 December 2023 £ 3,342 5,398 78,079 1,870 167
	88,930	557,729	(557,803)	-	88,856
	69,572	-	(29,830)	191,692	231,434
	69,572	-	(29,830)	191,692	231,434
	584,561	838,278	(969,064)	(191,692)	262,083
	654,133	838,278	(998,894)	-	493,517
	743,063	1,396,007	(1,556,697)	-	582,373

Transfers into the fixed assets fund represent capital purchases made during the year.

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

14b Movements in funds (prior year)

e year ended 31 December 2023 Movements in funds (prior year)
Total restricted funds Total designated funds General funds Designated funds: Fixed assets fund Restricted funds: Total funds Youth Services Children's Services Adult Services Hardship grants Other programmes Unrestricted funds: Total unrestricted funds	At 1 January 2022 - - 152,781 3,000 37,500	Income & gains £ 82,887 82,840 284,393 5,123 110,830	Expenditure & losses £ (79,631) (70,423) (375,636) (6,354) (138,380)	Transfers At 31 December 2022 £ £ - 3,256 - 12,417 - 61,538 - 1,769 - 9,950 - 88,930 21,444 69,572 21,444 69,572 (21,444) 584,561 - 654,133 - 743,063
	193,281	566,073	(670,424)
	66,072	-	(17,944)
	66,072	-	(17,944)
	470,926	904,855	(769,776)
	536,998	904,855	(787,720)
	730,279	1,470,928	(1,458,144)

Purposes of restricted funds

Youth Services

A dedicated programme for young people aged 13 to 19 years. This includes a variety of dynamic and challenging experiences – from creative workshops to martial arts classes, jam sessions to group discussions about the issues that matter to young people. Designed by a multidisciplinary team, with rich clinical and therapeutic expertise, in partnership with peer mentors with lived experience of trauma and adversity, who have been through the programme themselves.

Children's Services

We work with children from across London and the UK who live in challenging circumstances or have experienced trauma in their early lives. Our approach brings us closely together with families to ensure our youngest members achieve personal and social growth and positive change through access to a uniquely nurturing and validating environment.

All of our programmes are directed at early intervention. The effects of trauma and adversity can often remain unnoticed in many children. Programmes include structured play/educational activities that are skill based and foster a positive self-identity.

Adult services

The programme of activities for adults includes weekly structured workshops focusing on topics such as sexual health, drug and alcohol use, disclosure, parenting, treatment issues and developing education and careers. Additionally adults are able to access the full range of activities from counselling to well being therapies, to the newlyresourced library providing written and web-based information on all aspects of health, nutrition, self-help, skillsbuilding, treatment and International HIV issues.

Body & Soul

Notes to the financial statements

For the year ended 31 December 2023

14 Movements in funds (continued)

Hardship Grants

Body and Soul submits applications on behalf of members for financial assistance. Organisations include THT, Frank Buttle, The London Society of Ragamuffins, Glasspool, The Heinz Anna and Carol Kroch Foundation and Islington Giving.

Other programmes

Other programmes include funding from grants and charitable trusts towards activities including: awareness and education outreach, remote support, volunteering and mentoring initiatives.

Purposes of designated funds

Fixed Assets Fund

This represents the value of general funds invested in the refurbishment and other fixtures, fittings and equipment and is not readily available for other purposes. Depreciation is charged against this fund.

15 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases are as follows for each of the following periods

the following periods
Less than one year One to five years Over five years	2023 2022 £ £ 100,000 100,000 400,000 400,000 150,000 250,000 650,000 750,000 Property
	650,000	750,000

16 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

Body & Soul

Contents

Reference and administrative information

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Principles

Trustees’ annual report

For the year ended 31 December 2023

Body & Soul Trustees’ annual report For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Trustees’ annual report

Reserves

Risk

Key risks were felt to be:

Trustees’ annual report

Key mitigations:

Trustees’ annual report

For the year ended 31 December 2023

Trustees’ annual report

For the year ended 31 December 2023

Going concern

Remuneration

Trustees’ annual report

Fundraising Practices Review

Financial Review

Trustees’ annual report

For the year ended 31 December 2023