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2024-03-31-accounts

The Life and Soul Kitchen Ltd

Report of the Trustees and Unaudited Financial Statements For the Year Ended 31[st] March 2024

Registered Company Number: 03455469 Registered Charity Number: 1065618

Contents of the Financial Statements

For the year ended 31[st] March 2024

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 14
Detailed Statement of Financial Activities 15

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

REPORT OF THE DIRECTORS AND TRUSTEES

For the year ended 31[st] March 2024

The directors and the trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The accounts have been prepared in accordance with the provisions applicable to the small companies regime and in accordance with FRS102 Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS) 102.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03455469

Registered Charity number

1065618

Principal Office

Youth and Resource Centre Station Road Credenhill Hereford HR4 7EY

Registered office

1A The Homend Ledbury Herefordshire HR8 1BN

Directors

S Badham J Bonsall

Trustees

A Collier G D Pegrun (Appointed 21[st] November 2023) B I Edwards B Grobb J Bonsall

Independent examiner

Luke Keegan Chartered Management Accountant 1A The Homend, Ledbury, Herefordshire, HR8 1BN

1

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The liability of each member is limited to £10.

Charity Structure

The charity had 5 serving trustees at the close of the financial period.

It holds 4 general meetings per year, one of which is the AGM. Any other business is conducted via supplementary, special or extra-ordinary general meetings as required.

Induction and training of new trustees

On appointment the trustees receive a copy of the governing documents and Charity Commission documents regarding trusteeship. New trustees are briefed on the history, background and work of the charity.

OBJECTIVES AND ACTIVITIES

Objectives and Purpose

The purpose of the charity as set out in its governing document are to provide care and employment for the disabled in Herefordshire.

The main activities undertaken in relation to those purposes are through the provision and equipping of a catering workshop and ancillary facilities for the employment and vocational training of such persons.

The charity sets out to improve the social understanding and awareness of individuals with protected characteristics with an emphasis on disabilities.

The charity works to improve the lives of the most disadvantaged with the offer of opportunities to join inclusive workshops, groups and events.

The charity supports the relief of poverty and financial hardship for those most vulnerable.

ACHIEVEMENTS AND PERFORMANCE

Main Achievements

Over the last year we have secured a new premises in Credenhill with a ground floor provision and a fixed lease of 10 years, this has afforded the charity long term stability. The charity continues to maintain a good relationship with the National Lottery having secured an additional 2 years of grant funding totalling £80,000 to support the charity with day to day running costs.

2

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

The charity has begun renovations of the new site again funded by the National Lottery the renovations will include a changing places facility for persons with mobility impairments.

Beneficiaries have visited many local businesses and hospitality venues taking part in cooking workshops and sessions.

Beneficiaries have continued to receive support, learning independent living skills.

Several social groups have been established growing rapidly in attendees, the groups are designed to promote social inclusion and understanding and have provided beneficiaries with a meaningful opportunity to manage a service, empowered to become community leaders.

At the very end of the year the new Trustees took over responsibility for the charity.

FINANCIAL REVIEW

During the year there was a small excess of income over expenditure. As such this has left a very tight financial position for the charity. However, the National lottery has awarded the charity an additional £80000 to continue its work, these funds are held by the National Lottery and will be deposited to the charity at times needed and after monthly inspections of expenditure as is currently the process.

Reserves Policy

The charity has a policy of maintaining unrestricted reserves equivalent to 6 months operating expenses. The charity has utilized it reserves to support ongoing operations as advised by NL. This is less than the target set by the Trustees. Work has continued to raise grant funds and operating funds for the café.

The Trustees have considered the financial position of the charity and consider that the charity has been able and remains able to fulfil its obligations for the foreseeable future.

At the end of the year the charity had cash reserves of £8,047

At the end of the year the charity had net current assets of £Nil (2023: £13,806)

DECLARATIONS

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustee’s report (including director’s report) above.

ON BEHALF OF THE BOARD:

B Edwards (Trustee)

Date: 20[th] January 2025

3

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Independent Examiner’s Report to the trustees of the Life and Soul Kitchen Ltd

I report on the accounts for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under the requirements of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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

Luke Keegan, Chartered Management Accountant

1A The Homend Ledbury Herefordshire, HR8 1BN

Date: 20[th] January 2025

4

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Statement of financial activities (including summary income and expenditure account)

Recommended categories by
activity
Notes
Income
Income and endowments from:
Donations and legacies
3
Charitable activities
3
Investments
3
Other
3
Total
Expenditure
Raising funds
4
Charitable activities
4
Administration and Governance
4
Total
Net gains on investments
Net income (expenditure)
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total
funds
2024
Total
funds
2023
£
£
£
£
32,823
105,547
138,370
38,620
22,835
-
22,835
112,321
-
1,175
-
1,175
122
56,833
105,547
162,380
151,063
-
-
-
145
109,733
24,664
134,398
158,269
613
-
613
586
110,346
24,664
135,011
159,000
(53,514)
80,883
27,369
(7,937)
80,883
(80,883)
-
-
-
-
-
(7,937)
-
-
-
27,369
-
27,369
(7,937)
14,048
9,536
23,584
31,521
48,337
2,616
50,953
23,584

5

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Statement of Assets and Liabilities

Notes
Fixed assets
Tangible assets
7
Total fixed assets
Current assets
Stocks
8
Debtors
9
Cash at bank and in hand
12
Total current assets
Creditors: amounts falling due
within one year
10
Net current assets
Total net assets
Funds of the Charity
Restricted income funds
13
Unrestricted funds
13
Total funds		 Unrestricted
funds
Restricted
funds
2024
2023
£
£
£
£
3,934
47,040
50,975
9,778
3,934
47,040
50,975
9,778
-
-
-
-
5,397
-
5,397
9,760
8,047
-
8,047
14,336
13,444
-
13,444
24,096
13,465
-
13,465
(10,290)
(21)
-
(21)
13,806
3,913
47,040
50,954
23,584
-
2,616
2,616
2,615
48,337
-
48,337
20,968
48,337
2,616
50,953
23,584

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

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

Signed by

S Badham

Date: 20[th] January 2025

6

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

NOTES TO THE ACCOUNTS

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Note 2 Accounting policies

2.1 Income
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
• it is more likely than not that the trustees will receive the resources;
• the monetary value can be measured with sufficient reliability.
Offsetting There has been no offsetting of assets and liabilities, or income and
expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations Grants and donations are only included in the SoFA when the general
income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised
to the extent that the charity has provided the specified goods or services
as entitlement to the grant only occurs when the performance related
conditions are met (5.16 FRS 102 SORP).
Contractual income and This is only included in the SoFA once the charity has provided the related
performance related goods or services or met the performance related conditions.
grants
Support costs The charity has incurred expenditure on support costs.
Volunteer help The value of any voluntary help received is not included in the accounts but
is described in the trustees’ annual report.
Income from interest, This is included in the accounts when receipt is probable and the amount
royalties and dividends receivable can be measured reliably.

7

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

2.2 Expenditure and Liabilities

Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support Support costs have been allocated between governance costs and other costs support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date 2.3 Assets Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost use by charity at least They are valued at cost. Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the progress lower or cost or net realisable value. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

8

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Note 3 Income

Analysis of income
Donations
and
legacies:
Donations and gifts
Grants provided by
government/other charities
Total
Charitable
Activities
Café
Service Users
Total
Other
Income
Other
Total
TOTAL INCOME		 Unrestricted
funds
Restricted
funds
2024
2023
£
£
823
823
32,000
105,547
137,547
38,620
32,823
105,547
138,370
38,620
-
-
-
75,338
22,835
-
22,835
36,982
22,835
-
22,835
112,321
1,175
-
1,175
122
1,175
-
1,175
122
56,833
105,547
162,380
151,063

Note 4 Expenditure

Expenditure
on raising
funds:
Analysis of expenditure
Advertising, marketing, direct
mail and publicity
Total expenditure on raising
funds
Expenditure
on
charitable
activities
Café
Administration costs
Governance Costs
Total expenditure on
charitable activities
TOTAL EXPENDITURE		 Unrestricted
funds
Restricted
funds
2024
2023
£
£
-
-
-
145
-
-
-
145
109,765
12,979
122,744
150,872
7,012
-
7,012
7,397
613
-
613
586
117,390
12,979
130,369
158,855
117,390
12,979
130,369
159,000

9

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Note 5 Details of certain types of expenditure

2024 2023
£ £
Independent examiner’s fees 613 586
Note 6 Staff costs
2024 2023
£ £
Wages and salaries 63,200 76,802
Social Security Costs 438 -
Pension Costs 2,638 1,190
No employee received emoluments in excess of £60,000
The average monthly number of full time equivalent employees
during the year was as follows: 2 7
2024 2023
Number Number
Café 2 7
Total 2 7
Note 7 Tangible fixed assets
Land and Furniture Total
buildings &
Equipment
£ £ £
Cost or revaluation
At 1 April 2023 - 27,018 27,018
Additions 52,879 6,320 59,198
Disposals - - -
At 31 March 2024 52,879 33,337 86,216
Depreciation and impairments
At 1 April 2023 - 17,240 17,240
Disposals - - -
Depreciation charge for the 10,576 7,423 17,999
year
At 31 March 2024 10,576 24,664 35,239
Net book value
At 31 March 2023 - 9,778 9,778
At 31 March 2024 42,303 8,674 50,977

Basis for Depreciation Furniture & Equipment Depreciated over 4 years on a straight line basis Land & Buildings Depreciated over 5 years on a straight line basis

10

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Note 8 Stocks

Raw materials and consumables
Total		 2024
2023
£
£
-
-
-
-

Note 9 Debtors and prepayments

Analysis of debtors

Trade debtors
Prepayments and accrued income
Other debtors
Total		 2024
2023
£
£
5,397
9,760
-
-
-
-
5,397
9,760

Note 10 Creditors and accruals

Analysis of creditors

Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors
Total		 Amounts falling due
within one year
2024
2023
£
£
-
260
613
1,226
13,690
4,780
263
4,023
14,566
10,290

Note 11 Commitments

Commitments

Operating lease commitments
Annual commitments under non-cancellable
operating leases are as follows:- 2024 2024 2023 2023
Land and Land and
Buildings Other Buildings Other
£ £ £ £
Operating leases with expiry date:
In the second to fifth years inclusive - - 10,800 -
Over five years - - -
- - 10,800 -

11

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Note 12 Cash at bank and in hand

Note 12 Cash at bank and in hand
Cash at bank and on hand
Total		 2024
2023
£
£
8,047
14,336
8,047
14,336

Note 13 Charity funds

13.1 Details of material funds held and movements during the CURRENT reporting period

Fund names
Type
National Lottery
Community
Fund
R
General
U
Total Funds as per balance
sheet		 Fund
balances
brought
forward
Income
Expenses
Transfers
Fund
balances
carried
forward
£
£
£
£
£
2,616
105,547
(24,664)
(80,883)
2,616
20,968
56,833
(106,831)
80,883
48,337
23,584
162,380
(131,495)
50,953

The transfers reflect the nature of funding from the National Lottery Community Fund for specific asset purchases and for support to the day to day operations of the charity

13.2 Details of material funds held and movements during the PREVIOUS reporting period

Fund names
Type
National Lottery
Community Fund
R
General
U
Total Funds as per balance sheet		 Fund
balances
brought
forward
Income
Expenses
Transfers
Fund
balances
carried
forward
£
£
£
£
£
14,657
-
(12,041)
-
2,616
16,684
151,063
(146,959)
-
20,968
31,521
151,063
(159,000)
-
23,584

12

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Note 14 Transactions with trustees and related parties

14.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

S Badman and J Bonsall as directors of the company each receive a salary for their role as manager and assistant manager of the café.

14.2 Trustees' expenses

No trustee expenses have been incurred other than re-imbursement of out of pocket expenses

14.2 Transactions with related parties

There were no transactions with related parties

Note 15 Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of winding up, such an amount as may be required, not exceeding £10.

Note 16 General Information

The Life and Soul Kitchen Ltd is a private company, limited by guarantee, incorporated in England and Wales, registered number 03455469. The registered address is 1A The Homend, Ledbury, Herefordshire, HR8 1BN

13

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Detailed Statement of Financial Activities

Income and endowments from:
Donations and legacies
Donations
Grants from government / charitable bodies
Charitable activities
Café
Service Users
Other
Total income and endowments
Expenditure on:
Costs of generating donations and legacies
Fundraising
Total of expenditure on raising funds
Cafe
Purchases
Salaries and wages
Employers National Insurance Contributions
Employer Pension Contributions
Staff Training
Staff Entertainment
Uniforms/PPE
Lease of equipment
Credit card and finance costs
Rent and rates
Gas and electricity
Repairs and maintenance
Waste disposal
Sundry
Cleaning
Insurance
Depreciation of premises
Depreciation of catering equipment
Depreciation of other fixtures and fittings
Loss on disposal of fixed assets
General Administrative Expenses
Telephone
Administration support costs
Postage
Printing & Stationery
Travel Expenses
Professional fees
Bank charges
Charitable Donations
Bad debt write-off		 2024
2023
£
£
823
-
137,547
38,620
138,370
38,620
-
75,338
22,835
36,982
22,835
112,321
1,175
122
162,380
151,063
-
145
-
145
11,245
35,875
68,200
76,802
438
-
2,638
1,190
-
24
-
176
716
1,136
552
-
473
2,455
9,559
8,533
1,333
938
9,893
1,705
-
1,127
3,775
3,791
308
351
614
219
10,576
-
4,796
5,075
2,627
1,517
-
9,957
122,744
150,872
1,926
1,063
190
209
-
8
66
92
2,988
1,270
1,841
4,742
1
14
-
-
3,500
-

14

The Life and Soul Kitchen Ltd For the Year Ended 31[st] March 2024

Advertising & Marketing
Interest charged
Governance Costs
Accountancy
Total expenditure
Net movement in funds		 1,126
-
16
-
11,654
7,397
613
586
613
586
135,011
159,000
27,369
(7,937)

15

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Signature 1

Signed by Sophie Badham using authentication code YXNOdVQvakRGZVwl at IP address 86.134.13.172, on 2025/01/20 10:08:54 Z.

Sophie Badham's e-mail address is: Thelifeandsoulkitchen@outlook.com.

Sophie Badham added the following comments:

"J Bonsall"