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.
- To promote the relief and education of persons who are disabled by the provision, equipping, operation and maintenance of a catering workshop and ancillary facilities for the employment or vocational training of such persons.
- The relief of the disabled by the provision of specialised information, counselling and or advice to disabled persons seeking employment and or vocational training.
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:
- examine the accounts under Section 145 of the Charities Act 2011
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **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:
- the accounting records were not kept in accordance with section 386 of the Companies Act 2006 or section 130 of the Charities Act 2011; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a “true and fair” view which is not a matter considered as part of an independent examination;
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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"