# THE SELF HEAL ASSOCIATION 

Unaudited Accounts for the year ended 31 March 2024 

Company limited by guarantee Company Number: 04335524 Charity No: 1094138 



## THE SELF HEAL ASSOCIATION 

## COMPANY INFORMATION 

for the period Ending 31 March 2024 

Registered Office PO Box 272 St Thomas Exeter EX2 9ZL Company Number: 04335524 Charity Number: 1094138 

‘Directors: Karen Huckvale Chair Lisa Thorne Treasurer Malcolm Learmonth John Slater Rose Verney Cat Large resigned September 2023 

## Secretary: 

Joe Miller 

Independent Examiner: Exeter Community Accounting 

## Bankers: 

Caf Bank 25 Kings Hill Avenue West Malling Kent ME 19 4JQ 

Date of Incoporation 6th December 2001 

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## THE SELF HEAL ASSOCIATION 

Company Number 04335524 

Charity Number: 1094138 

## INDEPENDENT EXAMINATION REPORT 

For the period ended 31st March 2024 

## Basis of 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 

## 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 statement below. 

## Independent examiner's statement 

In connection with my examination, no matter has come to my attention: 

(1) which gives me reasonable cause to believe that in any material respect the requirements: 

   - to keep accounting records in accordance with section 386 of the Companies Act 2006; and 

   - to prepare accounts with accord with the accounting records, comply with the accounting 

   - requirements of section 396 of the Companies Act 2006 and the methods and principles 

   - of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or 

- (2) to which, in my opinion, attention whould be drawn in order to enable a proper understanding of the accounts to be reached. 


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22 October 2024 

## Exeter Community Accounting 

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## THEASSOCIATIONSELF HEAL 

Company Number: 04335524 Charity Number: 1094138 

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## DIRECTORS' REPORT 

## For the period ended 31st March 2024 

The Directors submit their report and the financial statements 

## Principal Activity 

The activities of the company are those concerned with social work, adult and other education, including grants. 

## Directors 

The directors of the company in office during the year had no benefical interests, the company being limited by guarantee. 

## Basis of preparation 

This report has been prepared in accordance with the relevant provisions for small companies under the Companies Act 2006. 

## ON BEHALF OF THE BOARD 


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Karen Huckvale \ | f<br>Date ,<br>**----- End of picture text -----**<br>


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## THE SELF HEAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDING 31 MARCH 2024 


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|---|---|---|---|---|---|
|Total|Funds|Total|Funds|
|Notes|‘|
|2023/2024|2022/2023|
|£|£|
|INCOME|&|ENDOWMENTS|FROM:|
|Donations|300|-|
|Investment|1|25,841|25,841|
|Bank|Interest|56|47|
|TOTAL INCOME|26,197|25,888|
|EXPENDITURE|ON:|
|Charitable|Activities|2|25,130|22,855|
|Other|Expenditure|3|6,287|7,260|
|TOTAL EXPENDITURE|31,417|30,115|
|NET EXPENDITURE BEFORE TRANSFERS|(5,220)|(4,226)|
|Unrealised|Gains/Losses|on|investments|83,871|(47,436)|
|NET|MOVEMENT|IN|FUNDS|78,651|(51,662)|
|TOTAL FUNDS|BROUGHT FORWARD|867,872|919,534|
|TOTAL FUNDS|CARRIED|FORWARD|7|946,523|867,872|

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All activities derive from continuing operations. 

The notes on the following pages form part of the financial statements. 

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## THE SELF HEAL ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2024 


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Note , 2023/2024 2022/2023<br>£ £ £ £<br>FIXED ASSETS<br>Tangible - -<br>CURRENT ASSETS<br>COIF Global Equity Fund 327,671 284,440<br>COIF Charities Investment Fund 262,746 240,937<br>COIF Charities Ethical Inv. Fund 257,025 234,032<br>COIF Charities Property Fund 76,535 80,697<br>COIF Charities deposit account 50 50<br>Tridos Bank 612 612<br>CafCash account 22,484 27,704<br>Debtors - 947,123 - 868,472<br>CREDITORS<br>Amounts Falling due within one year 5 (600) (600)<br>NET CURRENT ASSETS 946,523 867,872<br>FUNDS<br>Unrestricted income fund 7 867,872 919,534<br>Revaluation reserves 78,651 (51,662)<br>TOTAL FUNDS FUNDS 946,523 867,872<br>**----- End of picture text -----**<br>


## TOTAL FUNDS FUNDS 

For the financial year ended 31 March 2024, The charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. 

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008) 

Approved by the Board on and signed on its behalf by: 


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Karen Huckvale 4/, XC \I als_<br>Date: ¢ a<br>**----- End of picture text -----**<br>


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THE SELF HEAL ASSOCIATION NOTES TO THE ACCOUNTS 

FOR THE YEAR ENDING 31 MARCH 2024 

## 1 Accounting Policies 

## Statement of Compliance 

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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). 

## Exemption from Preparing Cash Flow Statement 

## Going Concern 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. 

## Income 

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. 

## Resources Expended 

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. 

## Charitable Activities 

> Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.i. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 

## Support Costs 

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. 

## Governance costs 

> These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic. management and trustees’s meetings and reimbursed expenses. 

|Governance costs|Governance costs|
|---|---|
|.<br>These include the costs attributable to thethe charity’s compliancecompliance with constitutional and statutory requirements, including audit, strategic.||
|management and trustees’s meetings and reimbursed expenses.||
|Tangible Fixed Assets||
|Depreciation is provided on tangible fixed assetst atthe following|annual rates in ordertowrite offeach asset over its estimated useful life|
|the following rates;||
|Freehold Land|not depreciated|
|Freehold Buildings|2%pa straight line|
|Plant& Machinery|20% pa straight line|
|Fixtures& Fittings|20% pa straight line|
|WebsiteDevelopmentCosts|33.3%pastraightline|



## Tangible Fixed Assets 

Depreciation is provided on tangible fixed assetst at the following annual rates in order to write off each asset over its estimated useful life at the following rates; 

## Trade debtors 

Trade debtors are amounts due from customers for services performed in the ordinary course of business. 

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables. 

## Cash and Cash Equivalent 

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 

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## THE SELF HEAL ASSOCIATION NOTES TO THE ACCOUNTS 

> FOR THE YEAR ENDING 31 MARCH 2024 

## Trade Creditors 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have’an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 

## Funds 

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the 

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. 

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 


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|---|---|---|---|---|---|---|---|---|---|---|
|Total|Funds|Total|Funds|
|2023/2024|2022/2023|
|£|£|
|1|Income|from|Investments|
|COIF|Global|Equity|Fund|7,550|7,550|
|COIF|Charities|Investment|Fund|7,006|7,006|
|COIF|Charities|Ethical|Inv.|Fund|7,144|7,144|
|COIF|Charities|Property|Fund|4,141|4,141|
|COIF|Charities|deposit|account|6|1|
|Bank|Interest|50|46|
|Other income|300|-|
|26,197|25,888|
|2|Expenditure|on|Charitable|Activities|
|Grants|Paid|25,130|22,855|
|Bursaries|paid|-|-|
|25,130|22,855|
|3|Support|Costs|
|Storage|Rent|3,665|3,332|
|Admin|Fees|1,423|3,156|
|Bank|charges|and|interest|60|72|
|5,149|6,560|
|4|Trustees|Remuneration|&|Benefits|
|Trustees|Expenses|489|:|
|There were|no|related|party|transactions|with|trustees|in|the year|
|5|Independent|Examination|Fees|
|Independent|examination|of the financial|statements|100|100|
|Other accountancy|services|550|500|
|______|650600.|
|6|Taxation|
|The|charity|is|a|registered|charity|and|is|therefore|exempt from|taxation.|
|7|Fund|Accounts|
|Opening|Incoming|Resources|Closing|
|Balance|Resources|Expended|Balance|
|£|£|£|£|
|Unrestricted funds|867,872|26,197|(31,417)|862,652|
|Revaluation|reserve|83,871|
|Total|unrestricted funds|867,872|26,197|(31,417)|946,523|

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All assets and liabilities as shown on the balance sheet are unrestricted. 

- 8 Controlling entity The charity is controlled by the trustees who are all directors of the company. 

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## **Chair’s Report for April 2023 - March 2024** 

## **Highlights** 

**The Youth Arts & Health Trust** , based in Exeter, provides creative arts activities for children and young people experiencing mental health difficulties. In order to address the charity’s growing waiting list, Self Heal Association made an award to increase access to art therapies both face to face and online. 

**MoMENtum Devon CIC** supports male survivors of childhood sexual abuse. The organisation applied for financial support towards a weekend residential workshop which was held in July 2023. The grant awarded was spent on art materials and also provided a number of partially subsidised places. 

**Okehampton Men in Sheds** is a volunteer-led project which repairs, recycles and makes items on request for organisations in their local community. The Shedders were keen get out of their Shed and support a range of local events in the community during summer 2023. This grant paid for tools and building materials for Okehampton Big Green Week, fun fair games for local fetes, bird boxes and planters. 

**Paula Wilson** is an experienced art psychotherapist who applied for funding to run an artbased children’s therapeutic group in partnership with The Clay Yard Totnes and a local primary school. This pilot project aimed to test the project idea. With a second school already interested, the overall aim is to offer a rolling programme of clay workshops. 

**Helen Hamilton** completed Insider Art’s Foundation Course in Art Therapy 18 years ago and since then has worked with different mental health-related, therapeutic and arts-based groups in South Africa, USA and UK. In autumn 2022 Helen established Art in Reflection support group for women in the Crediton area. This second grant enabled the continuation of the initiative, offering one 10-week group per term, totalling three groups per year, and expanding the capacity of each group. 

**Ubuntu Devon** provides a multicultural counselling services for all ethnic minority groups in Devon. Self Heal Association awarded a grant towards The Growing Project, based at a city allotment in Exeter, where participants could grow crops, share and socialise. 

**TRAIL** stands for Teignmouth Recycled Art In the Landscape. This is an artist-led organisation dedicated to promoting environmental awareness through the power of recycled art. TRAIL creates an annual sculpture trail along the Teignmouth seafront which captivates summer visitors with its thought-provoking recycled artworks and compelling environmental messages. 

Self Heal Association Registered Charity no: 1094138 Company No. 04335524 Correspondence address: PO Box 272, St Thomas, Exeter, Devon   EX2 9ZL 



## **Finance** 

In summary, seven grants were awarded totalling £25,130 (2023: £22,855).  There were no bursaries awarded this year. 

The charity holds four investments funds with CCLA.  The following table shows the total valuation of the funds held, which is reported quarterly. 


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Quarter Date Valuation<br>Q1 2023 31 March 2023 £840,156<br>Q2 2023 30 June 2023 £847,649<br>Q3 2023 30 September 2023 £833,900<br>Q4 2023  31 December 2023  £891,115<br>Q1 2024  31 March 2024  £924,027<br>**----- End of picture text -----**<br>


The increase in the investment funds was £83,871 (2023: -£47,435) over the course of this year.  Following a slight drop in value in the summer, performance in the second half of the fiscal year was very strong. 

The charity’s current financial strategy is to take all dividends as cash, and this resulted in income of £26,197 (2023: £25,841).  Expenditure on grants, bursaries and running costs was £31,417 (2023: £30,114), resulting in a deficit of -£5,220 (2023: -£4,273). The cash at the bank was slightly lower than last year, with a balance in the CAF Cash bank account on 31[st] March 2024 of £22,484 (2022: £27,704). 

## **Thanks** 

Thanks to all the Trustees, old and new, who give up their time for the meetings, especially those who travel some distance to meet face to face. 

Thanks also to the Trustees who host meetings at their homes and to John who continues to provide Zoom invitations, when needed. 

The rota to share the chairing of meetings continues to work well and avoids this responsibility falling on the shoulders of just one person. Thanks to Sarah for her administrative support as without her we would get very little actually done. 

Karen Huckvale, Chair November 2024 

Self Heal Association Registered Charity no: 1094138 Company No. 04335524 Correspondence address: PO Box 272, St Thomas, Exeter, Devon   EX2 9ZL