Company number: 03245543 Charity Number: 1060062
## Body & Soul
Report and financial statements For the year ended 31 December 2024
Body & Soul
## Contents
For the year ended 31 December 2024
Reference and administrative information ....................................................................... 3 Trustees’ annual report .................................................................................................. 5 Independent auditor’s report ........................................................................................ 44 Statement of financial activities (incorporating an income and expenditure account) .... 48 Balance sheet ............................................................................................................... 49 Statement of cash flows ................................................................................................ 50 Notes to the financial statements ................................................................................. 51
Body & Soul
## Reference and administrative information
For the year ended 31 December 2024
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 Jags Parbha Munya Chidakwa Jeff Currie Jane Dutton Alex Lifschutz Chris Naylor Peter Souter Rachel Stevenson Samantha Teasdale Key management Emma Colyer Director personnel Jed Marsh Assistant Director Katie Brown Co-Director: Head of You Are Not Alone Kudzai Sitima Co-Director: Strategic Support Rachel Bothamley Co-Director: Head Engagement Aarati Bista Co-Director: Head of Children & Young People Zoe Reynolds Head of Learning & Development Bankers The Co-operative Bank Lloyds Bank plc 62-64 Southampton Row 21-23 Hill Street London London WC1B 4AR W1J 5JW
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Body & Soul
Reference and administrative information
For the year ended 31 December 2024
Solicitors Hogan Lovells 65 Holborn Viaduct London, EC1A 2DV Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor 110 Golden Lane LONDON, EC1Y 0TG
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## Trustees’ annual report
## For the year ended 31 December 2024
The Trustees present their report and the audited financial statements for the year ended 31 December 2024
Reference and administrative information set out on page 3 and 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.
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## Trustees’ annual report
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## 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 2024
Spend: 88.75% of charitable expenditure is on programmes for children, teenagers, and adults
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Generating Income to Save Lives: 11.25% 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 £351,000. Reserves at the end of this year represent under 3 months running costs, however this was anticipated and is part of the 2025 income generation strategy. General funds equate to £257,361. The Trustees continue to develop and refine a strategy that builds reserves of the organisation with a focus on new donors, maintaining existing funders, increasing profile, social entrepreneurial activities and the development of new Board members.
## Risk
The Trustees are responsible for ensuring that the charity identifies and manages the major risks it faces. A risk register is maintained and reviewed regularly to assess potential threats to the charity’s operations, finances, governance, and reputation. Key risks include funding uncertainty, compliance with changing regulatory requirements, safeguarding, and the ability to deliver charitable services effectively. Where appropriate, mitigating controls and procedures have been implemented.
Key risks that have been reviewed and process put in place to mitigate include:
- ♥ Challenges in maintaining and further increasing charitable income due to the impact of the unstable economic and political landscape.
- ♥ Difficulty in securing funds from Trusts and Foundations due to increased demand, competition and changes in strategy/criteria.
- ♥ Continued impact of the decreased income stream of venue hire through changing work patterns of external organisations.
- ♥ Difficulty in influencing the wider system due to 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.
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## Trustees’ annual report
## For the year ended 31 December 2024
- ♥ Increase in competitive tendering.
- ♥ Potential reduction anticipated of external providers acting on a pro bono or discounted basis.
- ♥ Challenges in lack of financial networks to generate new 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 suicide prevention and trauma care.
## Going concern
The Trustees recognise the long lasting impacts of the COVID-19 pandemic, coupled with the ever increasingly unstable external environment places a significant pressure on the charity sector. These pressures include rising levels of need among some of the most under served and marginalised communities, ongoing challenges in staffing and volunteer capacity and a challenging arena in generating income.
The current landscape for health and social care organisations requires agility, resilience and responsiveness.
Despite these challenges, 2024 has been a year of both struggle and renewal. Many organisations might not have been able to galvanise such a collective support at a time of organisational and global crisis. Body & Souls’ strong organisational culture and a commitment to collective action were the ingredients that turned a very challenging moment into one of growth.
The Trustees are proud of the innovation, adaptability, and steadfast commitment demonstrated by Body & Soul throughout 2024. Guided by 28 years of trauma-informed practice, the organisation not only sustained its operations but continued to expand its reach and refined its model of support to meet increasing and more complex needs. Programmes have evolved with intentionality, fluidity, and deep alignment to the charity’s core values.
In response to the continued volatility in statutory funding, increased competition for philanthropic income, and the broader economic impact of the cost-of-living crisis, Body & Soul has implemented a revised, system-wide fundraising strategy. This approach is already enabling the organisation to strengthen existing partnerships and cultivate new funding relationships critical to delivering its 2025 programme commitments.
The Trustees have reviewed the organisation’s forecasts and financial position and, on this basis, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Trustees consider that
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## Trustees’ annual report
## For the year ended 31 December 2024
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, 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 2024. Without volunteers, Body & Soul would not be able to deliver our innovative, high quality, and responsive programmes of support. The Volunteer contribution in 2024 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
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## Trustees’ annual report
For the year ended 31 December 2024
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 are registered with the Fundraising Regulator. Registration represents a commitment to the highest standards of practice and ensures that all fundraising activity is open, legal and fair.
We received no complaints about our fundraising practices in 2024.
## Financial Review
Body & Soul receives funding from a variety of sources; Income came from the following
**----- Start of picture text -----**
Income 2024
9%
16%
10%
20%
32%
13%
Corporate
Trust and Foundations
Statutory
General Donations
Central Government/Lottery
Social Enterprise/Other
**----- End of picture text -----**
sources each of which are explained in the graph:
In 2024, activities resulted in a deficit of £33,023. After 2023, 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 was in a challenging financial position
having lost out for a significant Central Governement Grant. With key strategic decisions implemented at pace that galvansied the community, we began 2025 having reduced the deficit from £179,440. Additonally, we harnessed 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 2024 with unrestricted funds of £462,099 of which £257,361 was general funds.
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## Trustees’ annual report
## For the year ended 31 December 2024
## 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.
## The Year Ahead
Body & Soul looks forward to 2025 with passion, dedication and hope. 2025 will be an exciting year of the next iteration for the organisation, where we will strive to reach new people, new 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 revolutionary suicide prevention model 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 28[th] year committed to delivering our ground breaking proven transformational programmes for people of all ages who have experienced complex trauma and suicidality, 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.
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## Trustees’ annual report
## For the year ended 31 December 2024
Our Key Hopes for 2025 are:
- ♥ Launch of new branding and 3[rd] iteration of the organisation.
- ♥ Launch of new website
- ♥ Continue the expansion, reach and development of the ‘You are not Alone’ and ‘Braver Together’ Programmes, increasing staffing, number of groups, and support for caregivers.
- ♥ Review and development of all programmes in relation to the changing external environment, the pivot of the organisation and the changing needs of our communities.
- ♥ Expansion of wellbeing, trauma engaged offerings to frontline workers both in the UK and internationally.
- ♥ Research and publication of the unique findings in the development of a therapeutic community in the 21[st] Century.
- ♥ Development of Decolonising DBT Curriculum with the hope to present and publish.
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 28 years’ combined experience of delivering services which support children, teenagers, and families impacted by suicidality, 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 13, and a part-time team of 12. We ended the year with a full-time team of 12 and a part-time team of 10. There was an average headcount of 24, further amplified by over 250 regular volunteers.
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## For the year ended 31 December 2024
The staff team in 2024 has therefore consisted of:
- ♥ Director: Emma Colyer
- ♥ Assistant Director: Jed Marsh
- ♥ Co-Director: Head of Strategic Support: Kudzai Sitima
- ♥ Head of Casework and Advocacy: Sarah Jones (finished Oct 24)
- ♥ Co-Director: Head of YANA: Katie Brown
- ♥ DBT Lead: Kelsey Hylland (finished May 24)
- ♥ Programme Manager You Are Not Alone: Amanda Larsen
- ♥ Head of Children’s Programmes: Jane King
- ♥ Co-Director: Head of Engagement: Rachel Bothamley
- ♥ Co-Director: Head of Children & Young People: Aarati Bista
- ♥ Children & Family Therapeutic Support: Hilary Marling
- ♥ Head of Learning and Development: Zoe Reynolds (MAT leave from July 24)
- ♥ Clinical DBT Lead: Marie Wassberg
- ♥ Head of Volunteering: Beth Deans
- ♥ Lead Designer for Bloom: Virginia Ma
- ♥ Head of Fundraising & Partnerships: Andrea Esposito Diaz
- ♥ Head of Adult HIV Programmes: Miren Aranas (started January 24)
- ♥ Chef: Selina Rovai
- ♥ Building Operations and Mindset Digital Delivery: Kai Rutlin
- ♥ Front of House/Building Support: Elizabeth Wernham
- ♥ Building Centre Lead: Masimba Sitima
- ♥ Assistant Psychologist Children and Young People: Daniela Davis
- ♥ Referrals and Outreach lead: Nina Dyne (started August 24)
- ♥ Teen Spirit Lead: Davide Mason (finished Sept 24)
- ♥ Head of Beyond Boundaries: Maya Soto-Jones (finished June 24)
- ♥ Fundraising and Partnerships: Macy Khan (started January 24)
- ♥ Head of Operations: David Bell (finished January 2024)
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.
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## Trustees’ annual report
For the year ended 31 December 2024
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 31
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Trustees’ annual report
For the year ended 31 December 2024
December 2024 was 11 (2023:11). 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 6 August 2025 and signed on their behalf by
Deborah Bee Chair
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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 2024 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 2024 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.
## 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
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## Body & Soul
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 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.
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## To the members of
## Body & Soul
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:
- 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 non-compliance 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.
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## To the members of
## Body & Soul
- 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.
## 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)
## 7 August 2025
for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG
47
## Body & Soul
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 31 December 2024
|Note
Income from:
2
3
3
3
3
3
4
5
5
5
5
5
5
6
15
Reconciliation of funds:
18
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|Restricted
£
-
66,806
56,008
292,235
10,303
3,686
-
-|Designated
General
£
£
-
616,304
-
-
-
22,333
-
-
-
179,762
-
-
-
118,391
-
5,028
-
941,817
2,670
173,783
5,339
153,829
5,339
208,669
9,344
265,212
4,004
145,048
-
-
26,696
946,541
(26,696)
(4,723)
-
-
(26,696)
(4,723)
231,434
262,083
204,738
257,360
Unrestricted|Designated
General
£
£
-
616,304
-
-
-
22,333
-
-
-
179,762
-
-
-
118,391
-
5,028
-
941,817
2,670
173,783
5,339
153,829
5,339
208,669
9,344
265,212
4,004
145,048
-
-
26,696
946,541
(26,696)
(4,723)
-
-
(26,696)
(4,723)
231,434
262,083
204,738
257,360
Unrestricted|2024
Total
£
616,304
66,806
78,341
292,235
190,065
3,686
118,391
5,028|Restricted
£
-
72,276
60,617
353,556
63,813
7,467
-
-|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|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|
|---|---|---|---|---|---|---|---|---|
||429,038|-|941,817|1,370,855|557,729|-|838,278|1,396,007|
||-
51,514
52,179
311,825
10,318
4,806|2,670
5,339
5,339
9,344
4,004
-|173,783
153,829
208,669
265,212
145,048
-|176,453
210,682
266,187
586,381
159,370
4,806|-
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|
||430,642|26,696|946,541|1,403,879|557,803|29,830|969,064|1,556,697|
||(1,604)
-|(26,696)
-|(4,723)
-|(33,023)
-|(74)
-|(29,830)
191,692|(130,786)
(191,692)|(160,690)
-|
||(1,604)
88,856|(26,696)
231,434|(4,723)
262,083|(33,023)
582,373|(74)
88,930|161,862
69,572|(322,478)
584,561|(160,690)
743,063|
||87,252|204,738|257,360|549,350|88,856|231,434|262,083|582,373|
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 15 to the financial statements.
48
Body & Soul
Company no. 3245543
## Balance sheet
## As at 31 December 2024
|Note
Fixed assets:
11
Current assets:
12
Liabilities:
13
14
15
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|£
55,672
372,011|2024
£
204,738|£
204,590
272,153|2023
£
231,434|
|---|---|---|---|---|
|||204,738
344,612||231,434
350,939|
||427,683
83,071||476,743
125,804||
||204,738
257,361||231,434
262,083||
|||549,350||582,373|
|||87,252
462,099||88,856
493,517|
||||||
|||549,350||582,373|
Approved by the trustees on 6 August 2025 and signed on their behalf by
Deborah Bee Chair
49
Body & Soul
## Statement of cash flows
## For the year ended 31 December 2024
|For the year ended 31 December 2024||
|---|---|
|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 provided by /(used in) 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
(Decrease)/ Increase in creditors|£
£
£
£
(33,023)
(160,690)
26,696
29,830
148,918
26,717
(42,733)
38,333
99,858
(65,810)
-
(191,692)
-
(191,692)
99,858
(257,502)
272,153
529,655
372,011
272,153
2024
2023|
||-|
|||
50
Body & Soul
Notes to the financial statements
## For the year ended 31 December 2024
## 1 Accounting policies
## a) Statutory information
Body and 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.
## 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.
51
Body & Soul
Notes to the financial statements
## For the year ended 31 December 2024
- 1 Accounting policies (continued)
## 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% (2023: 10%)|
|---|---|---|
||Adult services|35% (2023: 35%)|
||Youth services|20% (2023: 20%)|
||Children's services|20% (2023: 20%)|
||Other programmes|15% (2023: 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
## 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.
52
Body & Soul
Notes to the financial statements
For the year ended 31 December 2024
- 2 Income from donations
|For the year ended 31 December 2024
2
Income from donations|||||||
|---|---|---|---|---|---|---|
|Restricted
£
-
-
3
Restricted
£
47,435
3,248
8,341
7,782
66,806
34,056
14,170
Comic relief
7,782
56,008
170,774
32,782
80,897
Comic Relief
7,782
292,235
457
9,846
10,303
3,686
3,686
429,038
4
Restricted
£
-
-
-
-
Rental and other income
Room hire
Other income
Kings 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
Corporate donors
Big Lottery Fund
Big Lottery Fund
Sub-total for Adults Services
Charitable Trusts/Foundations
Charitable Trusts/Foundations
Donations and grants
Sub-total for Youth Services
Income from charitable activities
Corporate donors
Charitable Trusts/Foundations
Corporate donors
Comic relief
Big Lottery Fund
Sub-total for Children's Services
Charitable Trusts/Foundations|Restricted
£
-|£
616,304
Unrestricted|2024
Total
£
616,304|Restricted
£
-|£
574,323
Unrestricted|2023
Total
£
574,323|
||-|616,304|616,304|-|574,323|574,323|
||Restricted
£
47,435
3,248
8,341
7,782|£
-
-
-
-
Unrestricted|2024
Total
£
47,435
3,248
8,341
7,782|Restricted
£
42,870
20,033
9,373
-|£
-
-
-
-
Unrestricted|2023
Total
£
42,870
20,033
9,373
-|
||66,806
34,056
14,170
7,782|-
22,333
-
-|66,806
56,389
14,170
7,782|72,276
18,716
31,909
9,992|-
-
-
-|72,276
18,716
31,909
9,992|
||56,008
170,774
32,782
80,897
7,782|22,333
-
-
-
-|78,341
170,774
32,782
80,897
7,782|60,617
190,254
72,558
80,751
9,993|-
-
-
-
-|60,617
190,254
72,558
191,037
9,993|
||292,235
457
9,846|-
179,762
-|292,235
180,219
9,846|353,556
46,301
17,512|-
158,012
-|353,556
204,313
17,512|
|||179,762
-|190,065
3,686|63,813
7,467|158,012
-|221,825
7,467|
||3,686|-|3,686|7,467|-|7,467|
||429,038|202,095|631,133|557,729|158,012|715,741|
||Restricted
£
-
-
-|£
56,653
6,200
55,538
Unrestricted|2024
Total
£
56,653
6,200
55,538|Restricted
£
-
-
-|£
74,198
3,365
19,847
Unrestricted|2023
Total
£
74,198
3,365
19,847|
||-|118,391|118,391|-|97,410|97,410|
53
Body & Soul
## Notes to the financial statements
## For the year ended 31 December 2024
5a Analysis of expenditure (current year)
|Analysis of expenditure (current year)|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Staff costs (note 7)
Other staff costs
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 2024
Total expenditure 2023|Cost of
raising funds
£
107,945
1,113
-
-
-
-
-
-
3,164
4,381
-
308
23,717
-
-
14,620
-
2,670
157,918
16,850
1,685
176,453
127,602||Charitable activities|||Hardship
Grants
£
-
-
-
-
-
-
-
-
-
-
4,806
-
-
-
-
-
-
-
4,806
-
-
4,806
7,366|Governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,800
-
50
-
16,850
-
(16,850)
-
-|Support
costs
£
101,199
1,044
5,830
-
-
-
-
-
-
-
-
2,342
47,435
5,384
1,647
3,615
-
-
168,496
(168,496)
-
-
-|2024
Total
£
674,658
6,957
32,085
158,012
39,033
17,862
5,512
105,802
31,637
7,817
4,806
9,684
338,821
14,244
18,447
18,235
50
26,696
1,510,358
-
-
1,510,358
1,556,697|2023
Total
£
729,238
8,360
158,012
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|
|||Youth
Services
£
80,959
835
4,870
5,064
2,088
6,281
177
13,191
3,164
859
-
2,342
47,435
1,009
-
-
-
5,339
173,613
33,699
3,370
210,682
264,520|Children's
Services
£
74,212
765
4,549
10,128
11,812
9,804
584
1,158
11,073
859
-
2,350
94,870
1,615
-
-
-
5,339
229,118
33,699
3,370
266,187
341,558|Adult Services
£
229,384
2,365
11,966
35,450
19,750
1,777
4,751
84,566
11,073
859
-
2,342
101,647
6,236
-
-
-
9,344
521,510
58,973
5,898
586,381
655,326|Other
programmes
£
80,959
835
4,870
891
5,383
-
-
6,887
3,163
859
-
-
23,717
-
-
-
-
4,004
131,568
25,274
2,528
159,370
160,325||||||
|||||||||||1,689,914
-
-|
|||||||||||1,689,914|
||||||||||||
Staff costs of £5,538 (2023: £24,160) are included in other lines of expenditure to reflect activity costs more accurately.
54
Body & Soul
Notes to the financial statements
## For the year ended 31 December 2024
## 5b Analysis of expenditure (prior year)
|Analysis of expenditure (prior year)||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Staff costs (note 7)
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|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||Charitable activities|||Hardship
Grants
£
-
-
-
-
-
-
-
-
-
-
-
7,366
-
-
-
-
-
-
-
7,366
-
-
7,366|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
-
158,012
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|
|||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|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|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|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|||||
||||||||||1,556,697
-
-|
||||||||||1,556,697|
55
Body & Soul
## Notes to the financial statements
## For the year ended 31 December 2024
6 Net incoming / (outgoing) resources for the year
This is stated after charging:
|This is stated after charging:|||
|---|---|---|
||2024|2023|
||£|£|
|Depreciation|26,696|29,830|
|Auditor's remuneration (excluding VAT):|||
|Audit|11,000|10,300|
|Accounts preparation|3,000|2,800|
|Operating lease rentals|||
|Property|100,000|100,000|
- 7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Staff costs were as follows:
|Staff costs were as follows:|||
|---|---|---|
|Salaries and wages
Social security costs
Pension contributions|2024
£
593,963
58,531
27,702|2023
£
662,003
60,245
31,150|
||680,196|753,398|
No employee earned more than £60,000 during the year (2023: nil).
The total employee benefits of the key management personnel including employer's National Insurance and Pension were £272,702 (2023: £272,993).
Trustees' expenses represent the payment or reimbursement and subsistence totalling £nil (2023: £100) incurred by no trustees (2023: 1) relating to subsistence at meetings of the trustees.
## 8 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|2024
No.
3.8
2.9
2.6
8.1
2.9
3.6|2023
No.
2.4
4.0
3.3
9.4
2.6
3.7|
|---|---|---|
||23.9|25.4|
## 9 Related party transactions
Aggregate donations from related parties were £25,000 (2023: £nil), and no trustees (2023: 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 £900 (2023:£6,098) worth of services from SHM Foundation. Trustee Maurice Biriotti is the Chair of SHM Foundation, these services were given at arms length.
56
Body & Soul
## Notes to the financial statements
## For the year ended 31 December 2024
## 10 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## 11 Tangible fixed assets
|Tangible fixed assets|||||
|---|---|---|---|---|
|At the start of the year
Cost or valuation
Depreciation
Net book value
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
At the end of the year|Refurbishment
£
1,574,067
-|Fixtures and
Fittings
£
142,612
-|Computer
and music
equipment
£
85,843
-|Total
£
1,802,522
-|
||1,574,067|142,612|85,843|1,802,522|
||1,364,764
18,465|130,145
4,560|76,179
3,671|1,571,088
26,696|
||1,383,229|134,705|79,850|1,597,784|
||190,838|7,907|5,993|204,738|
||209,303|12,467|9,663|231,434|
All of the above assets are used for charitable purposes.
## 12 Debtors
|Accruals
Grants receivable
Taxation and social security
Other debtors
Trade creditors
Prepayments
Creditors: amounts falling due within one year|2024
£
5,296
2,956
47,420|2023
£
10,896
2,657
191,037|
|---|---|---|
||55,672|204,590|
||2024
£
3,123
63,148
16,800|2023
£
46,858
63,226
15,720|
||83,071|125,804|
## 13 Creditors: amounts falling due within one year
57
Body & Soul
## Notes to the financial statements
## For the year ended 31 December 2024
## 14a Analysis of net assets between funds (current year)
|Analysis of net assets between funds (current year)|||||
|---|---|---|---|---|
|Net current assets
Tangible fixed assets
Net assets at the end of the year|Restricted
funds
£
-
87,252|Designated
funds
£
204,738
-|General
funds
£
-
257,361|Total funds
£
204,738
344,612|
||87,252|204,738|257,361|549,350|
## 14b Analysis of net assets between funds (prior year)
|Analysis of net assets between funds (prior year)|||||
|---|---|---|---|---|
|Tangible fixed assets
Net current assets
Net assets at the end of the 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|
## 15a Movements in funds (current year)
|Movements in funds (current year)||||||
|---|---|---|---|---|---|
|Total restricted funds
Total designated funds
General funds
Total funds
Hardship grants
Youth Services
Restricted funds:
Children's Services
Adult Services
Other programmes
Fixed assets fund
Total unrestricted funds
Unrestricted funds:
Designated funds:|At 1 January
2024
£
3,342
5,398
78,079
1,870
167|Income &
gains
£
66,806
56,008
292,235
3,686
10,303|Expenditure
& losses
£
(51,514)
(52,179)
(311,825)
(4,806)
(10,318)|Transfers
£
-
-
-
-
-|At 31
December
2024
£
18,634
9,227
58,489
750
152|
||88,856|429,038|(430,642)|-|87,252|
||231,434|-|(26,696)|-|204,738|
||231,434|-|(26,696)|-|204,738|
||262,083|941,817|(946,541)|-|257,361|
||493,517|941,817|(973,237)|-|462,099|
||582,373|1,370,855|(1,403,879)|-|549,350|
58
Body & Soul
## Notes to the financial statements
## For the year ended 31 December 2024
## 15b Movements in funds (prior year)
|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
2023
3,256
12,417
61,538
1,769
9,950|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.
## 15c 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 newly-resourced library providing written and web-based information on all aspects of health, nutrition, self-help, skills-building, treatment and International HIV issues.
59
Body & Soul
## Notes to the financial statements
## For the year ended 31 December 2024
## 15c 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.
## 16 Operating lease commitments
The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods
|
the following periods|||
|---|---|---|
|Less than one year
One to five years
Over five years|2024
2023
£
£
100,000
100,000
400,000
400,000
50,000
150,000
550,000
650,000
Property||
||550,000|650,000|
## 17 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.
60