Company no. 07956417 Charity no. 1146885
# **Trauma Foundation South West Report and Unaudited Financial Statements**
**28 February 2026**
## **Trauma Foundation South West**
## **Reference and administrative details**
**For the year ended 28 February 2026**
**Company number** 07956417 **Charity number** 1146885 **Registered office and** St Pauls Learning Centre **operational address** 94 Grosvenor Road St Pauls Bristol BS2 8XJ
## **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:
Lisa Ballam Appointed 1 December 2025 Erin Caseley Chair John Eames Resigned 23 June 2025 Sarah Fairbairns Quendreder Geuter Resigned 10 February 2026 Sayedeh Mousavian Ghahferokhi Appointed 1 December 2025 Elizabeth Murphy Miriam Nye Victor Ofori Asante Appointed 1 December 2025 Eleanor Palmer Judith Ryde Giulia Tranchina Appointed 1 December 2025 Hannah Wedderkopp Appointed 1 December 2025 **Company secretary** Nicola Hill Appointed 20 March 2025 Judith Ryde Resigned 24 February 2026 Kathryn Hope Resigned 20 March 2025 **Bankers** NatWest Bank Plc 250 Bishopsgate London EC2M 4AA **Independent** Godfrey Wilson Limited **examiners** Chartered accountants and statutory auditors 2nd Floor South One Castle Park Tower Hill Bristol BS2 0JA
1
## **Trauma Foundation South West**
## **Chair's report**
## **For the year ended 28 February 2026**
I am immensely proud to introduce this annual report. The external context for TFSW’s work is, frankly, brutal. Social and political tensions, intense media attention and national policy debates mired in dehumanising rhetoric have real consequences for people rebuilding their lives after violence, war, persecution and displacement. And yet the TFSW community continues to demonstrate a quiet, tenacious power through living our shared values of Compassion, Collaboration and Courage.
While the environment risks re-traumatising people seeking refuge, everyone at TFSW is steadfast in their commitment to compassion, love and hope. As a result, 100% of our clients report positive impact from our services, with 95% improving their mental health. People seeking asylum are denied many opportunities that are intrinsic to fulfilment and yet 60% of TFSW clients report feeling increased agency and control in their lives. This support not only helps people rebuild their lives, it enables belonging within communities that grow stronger together. Their resilience is staggering.
Over the past year, we remained grounded in our core mission and supported 48 people with specialist trauma therapy. We also had a successful year testing opportunities to grow in line with our strategic review. In addition to identifying unmet need for specialist psychotherapy across the South West, the review suggested our reputation and capabilities in training, supervision and partnership positioned us to strengthen our role in shaping the wider system. Through sector engagement, partnerships and thought leadership TFSW has contributed to wider understanding and practice in trauma-informed care which has endorsed this approach. This year, we worked with 49 partner organisations and, with new funding from the National Lottery, expanded our therapy into Somerset and Devon. An NHS Devon contract enabled funded training and supervision across the county.
Our progress is reflected in both our services and our finances. We have increased the number of therapeutic sessions we provide, more than doubled our earned income, and grown donations, including through our first Christmas appeal. At the same time, we have increased efficiency without compromising quality through introducing a CRM system and strengthening finance and HR processes. We have recruited ten new therapists and have welcomed five new trustees, enhancing depth and diversity of skills, experience and perspectives. Together these developments place us on a stronger and more sustainable footing for the future.
Our Directors Katherine Cox and Nicola Hill are due immense thanks for their committed and thoughtful leadership as they capably steer this sustainable yet ambitious growth in challenging times. Within the staff team we also thank Loran Lincoln, who stepped down in November, and we are pleased to welcome Ellie Capron, who joined in March 2026. We are grateful to trustees John Eames, who retired after a longstanding contribution to both TFSW and the sector, and Quen Geuter who offered invaluable advice during a time of development. Deep thanks and respect go to everyone who contributes to the work of TFSW with such compassion and hope including therapists, interpreters, supervisors, volunteers, advisors and staff.
On behalf of the Board, our sincere thanks to all our partners, funders, and supporters. We are proud to be part of a wider healing community alongside you. The increased recognition of TFSW’s contribution this year has reaffirmed the importance of our work. As we approach our 25th anniversary in 2027, TFSW is building something even stronger and more impactful. Thank you to everyone who is making this possible as we look forward to a special year.
Erin Caseley Chair of Trustees
2
## **Trauma Foundation South West**
## **Report of the trustees**
## **For the year ended 28 February 2026**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).
## **Objectives and activities**
The charitable objectives of Trauma Foundation South West (TFSW) are:
1. To relieve mental distress in those who have experienced psychological trauma, including through oppression, conflict and torture - particularly, though not exclusively, among refugees and people seeking asylum - by providing counselling and psychotherapy both individually and in groups across the South West of England; and
2. To advance public education and professional practice by improving understanding of trauma and strengthening the skills, supervision and capacity of those working with affected populations.
To meet these objectives, we:
- Provide free counselling and psychotherapy for refugees, people seeking asylum, and trafficked people, including art therapy and group work;
- Deliver training to improve practice and reduce vicarious trauma;
- Offer supervision and support to staff in partner organisations; and
- Fundraise to sustain and expand our free therapeutic services.
## **Public benefit of our provision of services**
We deliver free, long-term psychotherapy and counselling for highly traumatised refugees and people seeking asylum - support that is rarely available through the NHS. We currently have 15 psychotherapists and counsellors who carry out this work by seeing up to three clients per week, with 24 people currently on our waiting list.
Clients are referred through partner organisations across Bristol, Somerset and Devon. Each referral is assessed for suitability for one-to-one therapy and individuals are then placed on our waiting list. During this time, they have access to a weekly group art therapy should they wish.
Alongside direct therapy, we support organisations working with refugees and people seeking asylum by providing training and therapeutic supervision. This helps organisations become more traumainformed, reduces burnout and vicarious trauma amongst staff and volunteers, contributing to systemic change that ultimately improves outcomes for the people that they support.
## **Achievements and performance**
During the year, we supported 48 clients through specialist trauma therapy. Unlike time-limited models, our approach adapts to each individual, providing consistent, long-term support based on need.
Clients often present with complex trauma, including experiences of torture, imprisonment and bereavement, compounded by difficulties encountered during their journey to the UK and within the asylum system. Our work supports individuals to manage symptoms over time such as flashbacks, anxiety and hypervigilance, and to rebuild a sense of stability and hope.
Therapy was delivered primarily in person, with additional sessions offered via phone or video where appropriate and including in clients’ homes for those unable to travel.
3
## **Trauma Foundation South West**
## **Report of the trustees**
## **For the year ended 28 February 2026**
Demand for our training and supervision work continued to grow. We provided 136 hours of training and 681 hours of therapeutic supervision with frontline staff, volunteers across 49 organisations, supporting them to sustain their work in challenging contexts.
Training topics included introductions to working with trauma, suicide and forcibly displaced people, preventing vicarious trauma, and working with interpreters. Training was delivered through both bespoke organisational programmes and a monthly online offer.
Behind the scenes, we implemented a new CRM system with support from Cause Logic and strengthened our financial systems in partnership with Lavender Bookkeeping. We benefited from support through the Lloyds Bank Foundation, including work with Embrace Finance on financial resilience, Roots HR on internal policies and procedures, and Reach Volunteering to recruit five additional trustees. The University of Bristol’s 180 Degrees consultancy also supported us to make better use of our financial systems.
Finally, Katherine Cox was invited to close the UWE Asylum Seeker and Refugee Wellbeing Conference, and Nicola Hill was selected for the funded Clore Social Leadership Programme. Nicola and Katherine have also jointly published a paper, contributing to wider thinking around trauma informed practice.
## **Staffing changes**
There were several significant developments during the year. Katie Hope stepped down from her role, and we are grateful for her ongoing contribution as a supervisor and trainer. We welcomed Nicola Hill as Director of Operations, working alongside Katherine Cox, Director of Services, to lead the organisation during a period of growth and development.
We also thank Loran Lincoln, who stepped down at the end of November, for her central role in developing our communications and administrative systems. Ellie Capron joins the team in March 2026 as a replacement.
Finally, we thank John Eames and Quen Geuter, who stepped down as trustees for their longstanding contribution, and were delighted to welcome 5 new trustees to the Board, equipping us with new skills, experience and perspectives.
## **Financial review**
In 2025–26, TFSW generated total income of £212,957 and incurred expenditure of £133,618.
Our income comes from a combination of earned income (training and supervision), and grants and donations from trusts, foundations and individual giving.
Our income from charitable activities totalled £83,536, a 80% increase on the previous year. This reflects our strategic focus on increasing our financial resilience by diversifying income sources.
We are grateful to all our funders and supporters, including our long-standing and new partners. We extend our gratitude to The Equator Fund, NHS Devon, St James’ Place, The National Lottery Community Fund, Quartet, The Hilden Charitable Fund, Lady Balogh Psychotherapy Trust, Marsh Charitable Trust, Hawkins-Ryde Trust, Bristol Talking Therapy Rooms and The Practice Rooms.
4
## **Trauma Foundation South West**
## **Report of the trustees**
## **For the year ended 28 February 2026**
We are particularly grateful to the generosity of individual donors, and our anonymous Champion funder, who helped us reach our first Christmas Appeal target through The Big Give in just three days – thank you for every pound of solidarity!
The remaining income was received from proceeds from our involvement in Bristol Refugee and Asylum Seeker Partnership (BRASP) and the sale of the Recipe Book: ‘Your Table or Mine’, a collection of favourite dishes shared by our clients both online and at the Bristol Refugee Festival stall.
Expenditure on raising funds was only £9,908 this year, representing 5% of overall income raised.
## **Public benefit**
The trustees have complied with their duties under the Charities Act 2011 to have due regard to public benefit guidance by the Charity Commission.
## **Reserves policy**
Our reserves policy has been revised by trustees to hold between 6 and 12 months of expenditure, reflecting the charity's long-term commitment to its clients — including an 18-month service obligation — and the costs associated with an orderly wind-down of services.
Expenditure in 2026 of £133,618 was below the charity's optimal operating level, owing to a reduced therapy team which has since been rebuilt. The charity is now operating at significantly greater capacity, with projected expenditure of £198,206 in 2027, and trustees consider it appropriate to assess the reserves position against this forward-looking cost base. Against projected 2027 expenditure, the target reserve range is £99,004 to £198,206.
At year end, unrestricted general free reserves were £178,689 which falls within the revised policy range. Trustees are satisfied this is appropriate given the planned increase in operational capacity.
## **Structure, governance and management**
Trauma Foundation South West is a company limited by guarantee, incorporated on 20 February 2012 (company number 07956417) and as a registered charity on 16 April 2012 (charity number 1146885). The company was set up under Articles and Memorandum of Association, which established the objects and powers of the charitable company.
Trauma Foundation South West is governed by a board of trustees, who are also directors of the company. Trustees delegate day-to-day management to the senior leadership while retaining oversight and meeting quarterly. Serving trustees at the date that the accounts were signed are listed on page 1.
Trustees are recruited through open calls, professional networks, and sector connections to ensure a diverse mix of lived and professional experience aligned with TFSW’s mission and values. All trustees undergo an induction process covering governance responsibilities, safeguarding and the organisation’s work.
## **Risk statement**
Trustees have reviewed the major risks facing the organisation and established systems to mitigate them. Key risks include the hostile environment, funding uncertainty, safeguarding, and staff and volunteer wellbeing.
5
## **Trauma Foundation South West**
## **Report of the trustees**
## **For the year ended 28 February 2026**
To manage these risks, TFSW maintains reviews safety from external environment, as a diverse funding strategy, robust safeguarding procedures, and invests in supervision and reflective practice. Trustees review the risk register quarterly to ensure risks are effectively monitored and managed.
## **Statement of responsibilities of the trustees**
The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 charity and of the income and expenditure of the charity for that period. In preparing those 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 accounting 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; and
- 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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 trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 6 July 2026 and signed on their behalf by
Erin Caseley - Chair of Trustees
6
## **Independent examiner's report**
## **To the trustees of**
## **Trauma Foundation South West**
I report to the trustees on my examination of the accounts of Trauma Foundation South West (the charitable company) for the year ended 28 February 2026, which are set out on pages 8 to 19.
## **Responsibilities and basis of report**
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
Godfrey Wilson Limited also provides payroll and consultancy services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
## William Guy Blake
Date: 6 July 2026 **William Guy Blake ACA Member of the ICAEW Godfrey Wilson Limited**
Chartered accountants and statutory auditors 2nd Floor South One Castle Park Tower Hill Bristol BS2 0JA
7
## **Trauma Foundation South West**
**Statement of financial activities** _(incorporating an income and expenditure account)_
## **For the year ended 28 February 2026**
|Note
**Income from:**
Donations
3
Charitable activities
4
Other trading activities
5
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
6
7
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net income / (expenditure) and net**
**movement in funds**|Restricted Unrestricted
£
£
27,765
99,006
-
83,536
-
840
-
1,810
27,765
185,192
-
9,908
7,730
115,980
7,730
125,888
20,035
59,304
-
119,385
20,035
178,689|**2026**
2025
**Total**
Total
**£**
£
**126,771**
79,655
**83,536**
46,192
**840**
575
**1,810**
2,820
**212,957**
129,242
**9,908**
7,421
**123,710**
128,921
**133,618**
136,342
**79,339**
(7,100)
**119,385**
126,485
**198,724**
119,385|
|---|---|---|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the accounts.
8
## **Trauma Foundation South West**
## **Balance sheet**
## **As at 28 February 2026**
|Note
**Current assets**
Debtors
10
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling due within 1 year
11
**Net current assets**
**Net assets**
13
**Funds**
14
Restricted funds
Unrestricted funds
General funds
**Total charity funds**|**£**
**24,013**
**189,702**
**213,715**
**(14,991)**|**2026**
**£**
**198,724**
**198,724**
**20,035**
**178,689**
**198,724**|2025
£
11,639
111,325|
|---|---|---|---|
||||122,964
(3,579)|
||||119,385|
||||119,385|
||||-
119,385|
||||119,385|
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
- (i) ensuring that the Company keeps proper accounting records which comply with section 386 of the Act; and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
Approved by the trustees on 6 July 2026 and signed on their behalf by
Erin Caseley - Chair of Trustees
9
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
**1. Accounting policies**
## **a) Basis of preparation and general information**
- Trauma Foundation South West is a charitable company limited by guarantee registered in England and Wales. The registered office address is St Pauls Learning Centre, 94 Grosvenor Road, St Pauls, Bristol, England, BS2 8XJ.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Trauma Foundation South West 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).
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.
## **d) Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated 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.
## **e) 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.
10
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
## **1. Accounting policies (continued)**
## **f) Funds accounting**
- Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) 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.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated as follows:
||**2026**|**2025**|
|---|---|---|
|Raising funds|10%|0%|
|Charitable activities|90%|100%|
## **i) 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.
## **j) 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.
## **k) Creditors**
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.
## **l) Financial instruments**
The charitable company 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 with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
11
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
## **1. Accounting policies (continued)**
## **m) Pension costs**
The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.
## **n) Operating leases**
Rentals paid under operating leases are charged to the statement of financial activities as they fall due.
## **o) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.
## **2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net (expenditure) / income and**
**net movement in funds**|Restricted
£
£
-
79,655
-
46,192
-
575
-
2,820
-
129,242
1,536
5,885
27,418
101,503
28,954
107,388
(28,954)
21,854
Unrestricted|2025
Total
£
79,655
46,192
575
2,820|
|---|---|---|
|||129,242|
|||7,421
128,921|
|||136,342|
|||(7,100)|
12
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
## **3. Income from donations**
|**Income from donations**||||
|---|---|---|---|
|Donations
Grants
**Total income from donations**|Restricted
Unrestricted
£
£
-
26,995
27,765
72,011
27,765
99,006|**2026**
**Total**
**£**
**26,995**
**99,776**
**126,771**|2025
Total
£
24,155
55,500|
||||79,655|
All income from donations in the prior year was unresricted.
## **4. Income from charitable activities**
|Supervision income
Training income
Secondment income
One-to-one therapy income
**Total income from charitable activities**|**2026**
**£**
**45,579**
**37,957**
**-**
**-**
**83,536**|2025
£
33,950
7,604
4,573
65|
|---|---|---|
|||46,192|
In the current and prior year, all income from charitable activities was unrestricted.
## **5. Income from other trading activities**
|Lettings income|**2026**
**£**
**840**|2025
£
575|
|---|---|---|
In the current and prior year, all income from other trading activities was unrestricted.
13
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
## **6. Total expenditure**
|**Total expenditure**|||||
|---|---|---|---|---|
|Staff costs (note 8)
Therapists
Interpreters
Training
Group therapy
General and other
Staff training and recruitment
Premises costs
Insurance
**Sub-total**
**Total expenditure**
Allocation of support and
governance costs
Supervision
Office costs
Advertising and marketing
Subscriptions and memberships
Accountancy|Raising
funds
£
8,073
-
-
-
-
-
-
-
-
-
-
-
-
-
8,073
1,835
**9,908**|Charitable
activities
£
46,134
17,460
11,925
930
4,162
18,166
-
-
8,418
-
-
-
-
-
107,195
16,515
**123,710**|Support and
governance
costs
£
3,460
-
-
-
-
-
1,303
2,896
-
1,160
3,302
268
5,175
786
18,350
(18,350)
**-**|**2026 Total**
**£**
**57,667**
**17,460**
**11,925**
**930**
**4,162**
**18,166**
**1,303**
**2,896**
**8,418**
**1,160**
**3,302**
**268**
**5,175**
**786**|
|||||**133,618**
**-**|
|||||**133,618**|
Total governance costs were £1,920 (2025: £2,040).
14
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
|**6.**
**Total expenditure (continued)**
**Prior period comparative**
Staff costs (note 8)
Therapists
Interpreters
Training
Group therapy
Supervision
General and other
Staff training and recruitment
Premises costs
Office costs
Subscriptions and memberships
Accountancy
Advertising and marketing
Sub-total
Total expenditure
Allocation of support and
governance costs|Raising
funds
£
7,421
-
-
-
-
-
-
-
-
-
-
-
-
7,421
-
7,421|Charitable
activities
£
34,661
22,005
14,360
252
6,532
8,363
-
-
8,014
-
-
-
-
94,187
34,734
128,921|Support and
governance
costs
£
8,246
-
-
-
-
-
160
473
-
684
362
6,270
18,539
34,734
(34,734)
**-**|2025 Total
£
50,328
22,005
14,360
252
6,532
8,363
160
473
8,014
684
362
6,270
18,539|
|---|---|---|---|---|
|||||136,342
-|
|||||136,342|
## **7. Net movement in funds**
This is stated after charging:
|Trustees' remuneration
Trustees' reimbursed expenses
Operating lease payments
Independent examiner's remuneration:
Independent examination (excluding VAT)|**2026**
**£**
**Nil**
**132**
**8,061**
**1,600**|2025
£
Nil
Nil
7,607
1,700|
|---|---|---|
During the year two trustees were reimbursed for travel and subsistence expenses (2025: none).
15
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
**8. Staff costs and numbers**
Staff costs were as follows:
|Salaries and wages
Pension costs
Social security costs|**2026**
**£**
**56,480**
**1,111**
**76**
**57,667**|2025
£
49,033
1,295
-|
|---|---|---|
|||50,328|
No employee earned more than £60k during the current or prior year.
The key management personnel of the charitable company comprise the trustees, the Director of Operations and the Director of Services (2025: trustees, Director of Operations and Director of Services). The total remuneration of key management personnel was £52,663 (2025: £37,754).
|Average head count|**2026**
**No.**
**3**|2025
No.
3|
|---|---|---|
## **9. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **10. Debtors**
|Trade debtors
Other debtors
Prepayments
**Creditors : amounts due within 1 year**
Trade creditors
Accruals and deferred income (note 12)
Other taxation and social security|**2026**
**£**
**22,680**
**-**
**1,333**
**24,013**
**2026**
**£**
**257**
**13,537**
**1,197**
**14,991**|2025
£
6,427
3,413
1,799|
|---|---|---|
|||11,639|
|||2025
£
1,197
2,382
-|
|||3,579|
## **11. Creditors : amounts due within 1 year**
16
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
## **12. Deferred income**
|**Deferred income**|||
|---|---|---|
|At 1 March
Deferred during the year
Released during the year
At 28 February|**2026**
**£**
**-**
**11,617**
**-**
**11,617**|2025
£
-
-
-|
|||-|
Deferred income relates to contract income relating to delivery of theraputic services in partnership with the NHS.
## **13. Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|Current assets
Current liabilities
**Net assets at 28 February 2026**
**Prior period comparative**
Current assets
Current liabilities
Net assets at 28 February 2025|£
20,035
-
20,035
£
-
-
-
Restricted
funds
Restricted
funds|£
193,680
(14,991)
178,689
£
122,964
(3,579)
119,385
Unrestricted
funds
Unrestricted
funds|**Total**
**funds**
**£**
**213,715**
**(14,991)**|
||||**198,724**|
||||Total funds
£
122,964
(3,579)|
||||119,385|
17
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
## **14. Movements in funds**
|**Movements in funds**|||||
|---|---|---|---|---|
|**Restricted funds**
Quartet
Lloyds Bank Foundation
St James Place
TNLCF Awards for All 25/26
**Total restricted funds**
**Unrestricted funds**
General funds
**Total unrestricted funds**
**Total funds**|At 1 March
2025
£
-
-
-
-
-
119,385
119,385
119,385|Income
£
5,000
960
2,500
19,305
27,765
185,192
185,192
212,957|£
(5,000)
(160)
(2,500)
(70)
(7,730)
(125,888)
(125,888)
(133,618)
Expenditure|**£**
**-**
**800**
**-**
**19,235**
**At 28**
**February**
**2026**|
|||||**20,035**|
|||||**178,689**|
|||||**178,689**|
|||||**198,724**|
## **Purposes of restricted funds**
Quartet
£5,000 towards the costs of providing free, long-term counselling (with interpreting) for traumatised asylum seekers.
Lloyds Bank Foundation Project management at 0.5 days per month.
St James Place Trauma therapy for refugees in Bristol (therapist, interpreter and room hire).
TNLFC Awards for All 25/26 Refugee Trauma Therapy Provision for Devon and Somerset: Weekly 1-1 1hr Therapy, Interpreter Expenditure, and Weekly 1.5 hr Group Therapy sessions.
18
## **Trauma Foundation South West**
## **Notes to the financial statements**
## **For the year ended 28 February 2026**
## **14. Movements in funds (continued) Prior period comparative**
|**Restricted funds**
Blue Thread
Quartet
**Total restricted funds**
**Unrestricted funds**
General funds
**Total unrestricted funds**
**Total funds**|At 1 March
2024
£
27,287
1,667
28,954
97,531
97,531
126,485|Income
£
-
-
-
129,242
129,242
129,242|£
(27,287)
(1,667)
(28,954)
(107,388)
(107,388)
(136,342)
Expenditure
|£
-
-
At 28 February
2025|
|---|---|---|---|---|
|||||-|
|||||119,385|
|||||119,385|
|||||119,385|
## **15. Related party transactions**
The total aggregate donations made by trustees and key management personnel (without conditions) was £1,598 (2025: £3,691). Additionally, trustee Elham Mousavian, who was appointed as a trustee in the year, received £150 for translation services provided to the charity, from the date of their appointment (2025: nil).
## **16. Operating lease commitments**
The charity had operating leases at the year end with total future minimum lease payments as follows:
|Amount falling due:
Within 1 year|**2026**
**£**
**1,146**
**1,146**|2025
£
1,078|
|---|---|---|
|||1,078|
19