Company number: 03245543 Charity Number: 1060062
## Body & Soul
Report and financial statements For the year ended 31 December 2023
Body & Soul
## Contents
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|
3
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
4
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.
5
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
Spend: 92% of charitable expenditure is on programmes for children, teenagers, and adults
6
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
7
## Body & Soul Trustees’ annual report For the year ended 31 December 2023
8
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
9
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
10
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
11
Body & Soul
## Trustees’ annual report For the year ended 31 December 2023
12
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
13
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
14
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
15
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
16
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
17
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
18
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
19
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
20
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
21
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
22
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
23
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
24
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
25
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
26
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
27
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
28
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
29
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
30
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
31
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
32
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
33
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
34
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
35
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
36
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
37
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
38
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
39
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
40
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
41
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
42
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
43
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
44
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
45
Body & Soul
## Trustees’ annual report
## For the year ended 31 December 2023
46
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
47
Body & Soul
For the year ended 31 December 2023
## Trustees’ annual report
48
Body & Soul
## Trustees’ annual report
For the year ended 31 December 2023
49
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.
50
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
51
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.
52
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,
53
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.
54
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.
55
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.
56
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
57
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.
58
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
59
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
60
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.
61
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
62
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:
63
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.
64
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
65
## 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.
66
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
67
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|
68
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.
69
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
70
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|
71
## 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|
72
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.
73
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|
74
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.
75
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|
76
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.
77
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.
78
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.
79