THE SELF HEAL ASSOCIATION
Unaudited Accounts for the year ended 31 March 2025
Company limited by guarantee Company Number: 04335524 Charity No: 1094138
THE SELF HEAL ASSOCIATION
COMPANY INFORMATION
for the period Ending 31 March 2025
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 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 2025
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:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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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
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(2) to which, in my opinion, attention whould be drawn in order to enable a proper understanding of the accounts to be reached.
20 October 2025
Exeter Community Accounting
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THEASSOCIATIONSELF HEAL
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Company Number: 04335524 Charity Number: 1094138
DIRECTORS' REPORT
For the period ended 31st March 2025
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 {|/ cf mi}
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pate (0 Dec 2072S
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THE SELF HEAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDING 31 MARCH 2025
| THE SELF HEAL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDING 31 MARCH 2025 |
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|---|---|---|---|---|
| Total Funds | Total Funds | |||
| Notes | ||||
| 2024/2025 | 2023/2024 | |||
| £ | £ | |||
| INCOME & ENDOWMENTS FROM: | ||||
| Donations | - | 300 | ||
| Investment | 1 | 26,358 | 25,841 | |
| Bank Interest | 28 | 56 | ||
| TOTAL INCOME | 26,386 | 26,197 | ||
| EXPENDITURE ON: | ||||
| Charitable Activities | 2 | 25,874 | 25,130 | |
| Other Expenditure | 3 | 7,787 | 6,287 | |
| TOTAL EXPENDITURE | 33,660 | 31,417 | ||
| NET EXPENDITURE BEFORE TRANSFERS | (7,274) | (5,220) | ||
| Unrealised Gains/Losses on investments | (41,972) | 83,871 | ||
| NET MOVEMENT IN FUNDS | (49,246) | 78,651 | ||
| TOTAL FUNDS BROUGHT FORWARD | 946,523 | 867,872 | ||
| TOTAL FUNDS CARRIED FORWARD | 7 | 897,277 | 946,523 |
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 2025
| Note | s | 2024/2025 | 2023/2024 | ||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| Tangible | - | - | |||||
| CURRENT ASSETS | |||||||
| COIF Global Equity Fund | 307,766 | 327,671 | |||||
| COIF Charities Investment Fund | 250,504 | 262,746 | |||||
| COIF Charities Ethical Inv. Fund | 246,121 | 257,025 | |||||
| COIF Charities Property Fund | 77,614 | 76,535 | |||||
| COIF Charities deposit account | 50 | 50 | |||||
| Tridos Bank | 612 | 612 | |||||
| CafCash account | 15,210 | 22,484 | |||||
| Debtors | - | 897,877 | - | 947,123 | |||
| CREDITORS | |||||||
| Amounts Falling due within one year | 5 | (650) | (600) | ||||
| NETCURRENT ASSETS | 897,227 | 946,523 | |||||
| FUNDS | |||||||
| Unrestricted income fund | 7 | 946,523 | 867,872 | ||||
| Revaluation reserves | (49,246) | 78,651 | |||||
| TOTALFUNDS | 897,277 | 946,523 |
For the financial year ended 31 March 2025, 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)
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Approved by the Board on and signed on its behalf by:
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Karen P 4 lo’ F i
Huckvale | / ar / ohall
Date: \O Vek 2S2-5 ‘
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THE SELF HEAL ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2025
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. 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.
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;
Freehold Land not depreciated Freehold Buildings 2% pa straight line Plant & Machinery 20% pa straight line Fixtures & Fittings 20% pa straight line Website Development Costs 33.3% pa straight line
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 2025
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.
| 1 Income from Investments COIF Global Equity Fund COIF Charities Investment Fund COIF Charities Ethical Inv. Fund COIF Charities Property Fund COIF Charities deposit account Bank Interest Other income 2 Expenditure on Charitable Activities Grants Paid Bursaries paid 3 Support Costs Storage Rent Admin Fees PO Box Bank charges and interest 4 Trustees Remuneration & Benefits Trustees Expenses There were no related party transactions with trustees in the year 5 Independent Examination Fees Independent examination of the financial statements Other accountancy services 6 Taxation The charity is a registered charity and is therefore exempt from taxation. 7 Fund Accounts |
1 Income from Investments COIF Global Equity Fund COIF Charities Investment Fund COIF Charities Ethical Inv. Fund COIF Charities Property Fund COIF Charities deposit account Bank Interest Other income 2 Expenditure on Charitable Activities Grants Paid Bursaries paid 3 Support Costs Storage Rent Admin Fees PO Box Bank charges and interest 4 Trustees Remuneration & Benefits Trustees Expenses There were no related party transactions with trustees in the year 5 Independent Examination Fees Independent examination of the financial statements Other accountancy services 6 Taxation The charity is a registered charity and is therefore exempt from taxation. 7 Fund Accounts |
1 Income from Investments COIF Global Equity Fund COIF Charities Investment Fund COIF Charities Ethical Inv. Fund COIF Charities Property Fund COIF Charities deposit account Bank Interest Other income 2 Expenditure on Charitable Activities Grants Paid Bursaries paid 3 Support Costs Storage Rent Admin Fees PO Box Bank charges and interest 4 Trustees Remuneration & Benefits Trustees Expenses There were no related party transactions with trustees in the year 5 Independent Examination Fees Independent examination of the financial statements Other accountancy services 6 Taxation The charity is a registered charity and is therefore exempt from taxation. 7 Fund Accounts |
Total Funds Total Funds 2024/2025 2023/2024 £ £ 7,249 7,550 7,182 7,006 7,705 7,144 4,222 4,141 2 6 25 50 - 300 |
|---|---|---|---|
| 26,386 26,197 |
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| 25,874 25,130 - - |
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| 25,874 25,130 |
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| 907 3,665 4,771 1,423 424 810 60 |
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| 6,912 5,149 |
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| 224 489 |
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| 100 100 550 550 |
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| 650 650 |
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| Unrestricted funds Revaluation reserve Total unrestricted funds |
Opening Incoming Resources Closing Balance Resources Expended Balance £ £ £ £ 946,523 26,386 (33,661) 939,249 (41,972) |
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| 946,523 26,386 (33,661) 897,277 |
| Fund Accounts | ||||
|---|---|---|---|---|
| Opening | Incoming | Resources | Closing | |
| Balance | Resources | Expended | Balance | |
| £ | £ | £ | £ | |
| Unrestricted funds | 946,523 | 26,386 | (33,661) | 939,249 |
| Revaluation reserve | (41,972) | |||
| Total unrestricted funds | 946,523 | 26,386 | (33,661) | 897,277 |
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 2024 - March 2025
Highlights
Theatre Alibi’s Centre for the Imagination is based in St Thomas, Exeter. It hosts performances, workshops and interactive exhibitions for children and families in the city. Alibi were awarded funding towards their Christmas Project, a series of music and storytelling workshops which shaped the creation of the Alternative Christmas Grotto.
Friends of St Mary’s Church, Sticklepath This grant application was for materials to refurbish an existing pebble maze in the grounds of St Mary’s Church. The project aimed to create a pet memorial, also known as The Labryinth of Lost Animal Friends, to acknowledge the loss of non-human friends by people in the local area.
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. TRAIL 2024 Outreach delivered educational environmental art-based workshops with local residents at a community centre and at after-school clubs in the town.
D’Arts is a well-established organisation that runs creative weekend activities for people with learning disabilities. They also organise an annual weekend festival, D’ArtsFest , hosted by West Town Farm, which was the subject of their grant application.
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 2024. The grant awarded was spent on appropriate therapeutic supervision and also provided a number of partially subsidised places.
Okehampton Medical Centre provided an area of land for the Mental Health Group to create a Community Garden. It is now tended by ten volunteers who wished to purchase paint, art materials, gloves and aprons with the grant from Self Heal Association. The garden is enjoyed by staff, patients and their carers. The volunteers benefit from working together creatively to develop an enriching space.
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. Following a successful pilot project, this further grant involved a second school in the programme of clay workshops.
Focussed Light is a new organisation which invites survivors of childhood sexual abuse to work creatively with digital and analogue photography. The project aims to develop new skills and provide a space for solace and recovery.
Self Heal Association
Registered Charity no: 1094138 Company No. 04335524 Correspondence address: PO Box 272, St Thomas, Exeter, Devon EX2 9ZL
Finance
In summary, nine grants were awarded totalling £25,874 (2024: £25,130). There were no bursaries awarded this year.
The charity holds four investment 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
Q1 2024 31 March 2024 £924,027
Q2 2024 30 June 2024 £919,518
Q3 2024 30 September 2024 £914,072
Q4 2024 31 December 2024 £921,462
Q1 2025 31 March 2025 £882,056
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The total value of the investment funds decreased by -£41,971 (2024: £83,871). Throughout 2024, the funds stayed within a narrow band (£914k-£924k). That is less than a 1% fluctuation across the year. 2024 was essentially stable, but followed by a downturn at the start of 2025 after the US election and subsequent global financial uncertainty.
The charity’s current financial strategy is to take all dividends as cash, and this resulted in income of £26,386 (2024: £26,197). Expenditure on grants, bursaries and running costs was £33,660 (2024: £31,417), resulting in a deficit of -£7,274 (2024: -£5,220). The cash at the bank was slightly lower than last year, with a balance in the CAF Cash bank account on 31[st] March 2025 of £15,210 (2024: £22,484).
Thanks
As always, thanks go to all the Trustees 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.
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 September 2025
Self Heal Association
Registered Charity no: 1094138 Company No. 04335524 Correspondence address: PO Box 272, St Thomas, Exeter, Devon EX2 9ZL