Charity registration number 1160233 (England and Wales) THE HELIOS FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
THE HELIOS FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr R Baldock Mr P McDonnell Mr G Branson Mr T Thoroe Ms D O'connor Charity number {England and Wales) 1160233 Principal address 41 Barker Drive Camden London NWI OJG Independent examiner Mitchell Charlesworth 24 Nicholas Street Chester CHI 2AU
THE HELIOS FOUNDATION CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10-19
THE HELIOS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUIVE 2025 The trustees present their annual report and financial statements for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 1021 leffective l January 20191" Objertives and activities The Helios Centre has supported people living with HIV in London since 1986. We are currently based in temporary accommodation in Kilburn and will shortly be relocating to newly secured premises in Holborn. Clients come to us from across London and place high value on our unique, holistic model of support. We provide a wide range of therapeutic interventions including counselling and psychotherapy (with trauma-informed approaches), as well as complementary therapies such as Osteopathy. acupuncture 3nd therapeutic massage. Our mission is to improve the physical and mental wellbeing of people living with HIV through therapy, advice, advocacy and emotional support. As part of this work, we have consistently supported clients in maintaining adherence to antiretroviral IARVI treatments and other prescribed regimens. Most of our clients live with either a physical disability, a mental health condition. or both. The majority are on low incomes or living below the poverty line, and the typical age range is 4F75. Clients broadly fall into three groups= l. Long-term HIV-positive clients These individuals contracted HIV before effertive treatments were available and many progressed to AIDS. Their health is often poor. with multiple comorbidities and chronic physical and mental health issues. Our holistic interventions help improve their quality of life, though deteriorating health and mobility challenges remain significant concerns. 2. HIV Women of Colour This group is often diagnosed late, sometimes only upon hospital admission. Many are refugees or asylum seekers experiencing physical decline, chronic pain, sleep disturbance. emotional isolation and stigma. They frequently require significant support with medication adherence, navigating administrative processes, and managing psychological distress. This group has grown from 25% to 31Y% of our client base. 3. Volunteers as Service Users We employ three part-time project staff supported by around 25 volunteers. We have particular expertise in supporting volunteers with mental health challenges who benefit from safe social contact, structured activity, skills development, and increased confidence. Thi5 pathway has enabled many to re-engage with community life.
THE HELIOS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Achievements and performance Significont artivities and achievements ogoinst objectives Our continued monitoring and analysis of client data has helped the staff and therapists fully understand the clients, issues and why certain therapies are most in demand. Our improved structures and programmes. developed prior to Covid. requiring more detailed programme monitoring and oversight than has been needed in the past. are under considerable stress. The opportunity for clients to See improvement has been very empowering for them. Some outcomes were: 11 improved health, 21 feeling more optimistic, 31 able to manage pain more effectively. 41 being part of a community and feeling supported, 51 improvement in their relationships. Stren ths.. The mix of clients from BME women to LGBTQ people has created an inclusive and non-threatening environment that they can feel safe in. Strong networks with local partners and agencies have helped greatly to reach many people new to this kind oftreatment. The volunteer team is very committed and costs have been kept to a minimum. High numbers of clients are served each week. Some come from referral agencies dealing with clients who are not well despite HIV medication. The number of BME HIV+ women attending Helios is encouraging. especially as it was initially difficult to build a relationship with this group due to the stigma associated with HIV. From this strong base, we are now reaching out further into this community. We have always had strong links with the transgender community, both male-female and female-male. Indeed, our long- standing experience serving the LGBTQ community and our informal surroundings is reassuring to transgender people used to discrimination. Because of our very effective approaches, the number coming here h3s continued to grow through word of mouth. We are one of very few London charities in the holistic therapy field with an extensive range of psychological sessions alongside physical treatment. We fill a number of significant gaps in services provided elsewhere. Many other providers limit access by postcode. gender, sexuality or race - and clients are often given a fixed set of sessions before being placed on a waiting list for further treatment. At Helios, we provide ongoing treatment according to need. Risks and challen es.. Our reliance on unpaid senior positions. Though there is a high degree of commitment and a good pool of effective volunteers at that level, we have not yet been able to establish one paid top full-time managerial post. The increasing and shifting needs of many clients. The demand for increased advocacy, to support the more vulnerable clients with issues such as housing. welfare. withdrawal of care and finance is escalating. Our advocacy remains informal so we do need extra resources for this area to be more consistently implemented in the future. Further funds are also needed for a more inclusive LGBT counselling and psychotherapy proEramme. Helios has seen a marked increase in clients unable to manage the system and in crisis. Financial review Reserves policy The unrestricted reserves are £139,299, which represents approximately 70% of annual running costs, based on an average annual expenditure of £200.000. The Trustees consider this level of reserves to be appropriate and in line with their expectations, providing sufficient financial resilience to manage operational risks. Some planned use of reserves is anticipated in the coming year to support the transition into the new centre.
THE HELIOS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Plans for future periods After 22 years in Kings Cross, we relocated to temporary premises in Kilburn provided free of charge by ASTOP. These are interim arrangements while we prepare to move to new permanent premises in Holborn, where Camden Council will act as landlord. The Holborn building requires significant renovation but offers substantial benefits. Owing to its condition, the rent is relatively low at £38,000 per annum. The capital projert cost of £346.000 represents a long-term investment that will create a modern, fully accessible and environmentally sustainable facility. The new premises will be 20% larger and more adaptable, enabling us to expand our services and better seNe London's HIV+ and LGBT+ communities. All capital funds have been secured through grants and donations. Structurej governance and management The charity is a charitable trust and registered as a charity on 12th July 1982. A memorandum of association establishes the objects and the power of the trust and is governed under its Articles of Association. Type of governing document How the charity is constituted Trustee selection methods Trust deed dated 13 August 1982 By trust By appointment The trustees who served during the year and up to the date of signature of the financial statements were.. Mr R Baldock Mr P McDonnell Mr G Branson Mr TThoroe Ms D O'connor
THE HELIOS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Orgonisationol strurture Trustees The charity is governed by a Board of five Trustees who collectively sustain the orEanisation's mission, fulfil statutory responsibilities, and oversee strategic and financial management. The Trustees hold the charity's assets, income and funds for the public benefit with the objective of advancing the study and prdctice of the arts and sciences associated with holistic health. Management Committee The Trustees are supported by a Management Committee comprising eight members. primarily clients and therapists. This committee provides recommendations and practical insight that inform both operational and strategic decisions. Staff Team The charity employs three paid part-time members of staff- Centre and Bookings Manager Project Manager Finance Manager Therapists The Centre works with 31 carefully selected therapists, chosen for their professional skill and high standards of practice. Many have been with the organisation for a considerable number of years, providing valuable continuity for service users. Volunteers We benefit from the commitment of 26 volunteers, many of whom are current or former seNice users. They work across all areas of the organisation and act as the backbone of our operations. Volunteers also include jobseekers seeking work experience and retired individuals wishing to remain active. The volunteer programme offers opportunities to gain confidence, develop IT and organisational skills, and work collaboratively as part of a team. Volunteers may claim travel and lunch expenses. Retention remains excellent. with some volunteers serving for over 20 years. Our reception area illustrates our inclusive ethos.. Women of colour, gay men, trans people and many others come together in a safe and supportive space. Our volunteer cohort refiects this diversity. helping to challenge and reduce the stigma surrounding HIV. FSI Evaluation We recently underwent a full FSI evaluation these are some of their findings. Helios, approach makes these change5 Possible. because.. Their flexible and person-centred approach. The client is in control. alongside discussions with staff of their treatment plan and can choose how often to attend and when. There is no fixed limit in contrast to many services which are limited to e.g. 12 weekly sessions at the same time. A wide range of therapies are on offer. Affordable treatments. Therapies are provided on a 'pay what you can. basis. which makes them much more accessible to clients on low wage. disability benefits. or unemployed. Welcoming atmosphere and energy. 97% of clients responding to the survey feel welcome with friendly and non- judgmental staff and volunteers. For some clients, the experience of being welcomed at Helios was described as "healing in itself" Client base.. 65% Male 35% Female is in line with the proportion of women with HIV in the UK131%1 Improvements- Continue refining their impact measurement framework. Continue to improve booking and monitoring systems. Review the journey for new clients, to ensure that everyone receives that same welcoming feeling. Explore needs for other forms of support, funding dependent, such as social events or groups, advocacy support.
THE HELIOS FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 The trustees. report was approved by the Board of Trustees. MrR Baldock MrTThoroe 17/02/2026 Date:.............................................
THE HELIOS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HELIOS FOUNDATION I report to the trustees on my examination of the financial ststements of The Helios Foundation (the charity) for the year ended 30June 2025. Responsibilitie5 and basi5 of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial ststements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's statement Since the charity's gross income exceeded £250.000. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of FCCA, which is one of the listed bodies. understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 130 of the Charities Att 2011. the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements Set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view. which is not a matter considered as part of an independent examination. 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 financial statements to be reached. Alex Makinson, FCCA Mitchell Charlesworth 24 Nicholas Street Chester CHI 2AU 1710212026 Dated:.........................
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THE HELIOS FOUNDATION BALANCE SHEET ASAT30JUNE 2025 2025 2024 Notes Fixed assets Tangible assets io 116,484 Current assets Debtors Cash at bank and in hand li 28.500 269,726 50,0(KI 237,506 298.226 13,3111 287,506 13,0791 Creditors: amounts falling due within one year Net current assets 294,915 284,427 Total assets less current liabilities 411,399 284,427 The funds of the charity Restricted income funds Unrestricted funds- general Unrestricted funds - designated 206,100 139,299 66,000 122,005 96,422 66,000 15 14 411,399 284,427 The financial statements were approved by the trustees on . 1710212026 MrR Baldock Mr T Thoroe
THE HELIOS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUIVE 2025 Accounting policies Charity information The Helios Foundation is a charitable trust, incorporated and registered as a charity on 12th July 1982. The principle address is 41 Barker Dr, Camden, London, NWI OJG. 1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "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 IFRS 1021" (effective l January 20191. The charity 15 a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objertives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific condition5 by donors that the capital must be maintained by the charity. 1.4 Income Income 15 recognised when the charity 15 legally entitled to it after any performance condition5 have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other don3tions are recogni5ed once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
THE HELIOS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Dirert costs attributable to a single activity are allocated directly to that artivity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised when it is incurred and is recorded gross of related income. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold improvements 20 years straight line from commencement of lease The Eain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activitie5. 1.7 Impairment of fixed a55etS At each reporting end date, the charity review5 the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other 5hort-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilitie5 are offset, with the net 3mount5 presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to reali5e the asset and settle the liability simultaneously.
THE HELIOS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Accounting policies (Continued) BasiTcfinanciTal ossets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction 15 measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basicfinuncial liabilities Basic financial liabilities. including creditors and bank loans are initially recogni5ed at transartion price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effettive interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition oAfinancial IITabilitie5 Financial liabilities are derecognised when the charitys contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Incorne frorn donations and legacies Unrestricted funds 2025 Restricted fund5 2025 Totsl Unrestricted fund5 2024 Restricted funds 2024 Totsl 2025 2024 Donations and gifts Grants 146,669 55,095 84,000 201,764 84,000 116,344 68,275 184,619 146,669 139,095 285,764 116,344 68,275 184,619
THE HELIOS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Income from donations and legacies (Continued) Unrestricted funds Restricted funds Totsl Unrestricted funds Restricted funds Totsl 2025 2025 2025 2024 2024 2024 Donations and gifts Funding - Mill Hill Trust Lottery G Branson Gilead Science The Talent Fund Big Geoff Overseas Limited Client donation Other 30,000 18,275 30,000 18,275 61,856 iio,000 iio,000 20,000 30,000 5,000 36,669 95 61,856 20,000 30,000 5,000 36,669 54,488 54,488 20,000 95 20,000 146,669 55,095 201,764 116,344 68,275 184,619 Grants The Talent Fund The Foyle Foundation London Borough of Camden Council 30,000 10,000 30,000 10,000 44,000 44,000 84.000 84.000 Income from charitsble activities Unrestricted funds Unrestricted funds 2025 2024 Other income Sale of goods 1.995 8,441
THE HELIOS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Income from investments Unrestricted Unrestricted funds 2025 funds 2024 Interest receivable 3,361 5,509 Expenditure on charitable activities Charitable activities Charitable activities 2025 2024 Direct costs Consultancy fees Volunteer training Remedies Staff costs Therapist Rent 2,274 1,181 2,605 71,321 69,710 1,903 1951 6,972 7,560 1,831 72,277 88,874 204 Light & heat Office expenses Rates 3,297 12,755 954 Repairs and renewals Telephone 1,715 2,046 38,714 444 159,632 226,910 Share of support and governance costs (see note 6) Governance 4,516 15051 164,148 226,405 Analysis by fund Unrestricted funds - general Restricted fund5 5,698 158,450 15051 226,910 164,148 226,405
THE HELIOS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 Support costs allocated to activities 2025 2024 Governance costs 4.516 15051 Analysed between: Charitable activitie5 4,516 15051 Trustees None of the trustees lor any persons connetted with them) received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the year wa5: 2025 Number 2024 Number Total No employees received total employee benefits of more than £60,000 in the year. There were no employees whose annual remuneration was more than £60.000. There are no key management personnel Taxation The charity is exempt from tsxation on its activities because all its income is applied for charitable purposes. 10 Tangible fixed assets Leasehold improvements Cost Additions 116,484 At 30 June 2025 116,484 Carrying amount At 30 June 2025 116,484
THE HELIOS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUIVE 2025 li Debtor5 2025 2024 Amounts falling due within one year: Other debtors Prepayments and accrued income 28,51)0 50,000 28,500 50,000 12 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Other creditors Accruals and deferred income 765 160 342 2,204 322 2,597 3.311 3,079 13 Restricted fund5 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specif ic conditions by donors as to how they may be used. At l July 2024 Incoming resources Resources expended Trdnsfers At 30 June 2025 Investments The Talent Fund 2.005 2,005 30,000 44,000 10,000 60.000 44.000 10,000 20.000 130,0001 London Borough of Camden The Foyle Foundation Gilead Science 120,000} Property fund Big Geoff Overseas Limited Other 120.000 120,000 5,000 95 (5,000} 95 Transfers between funds 1103,4501 103,450 122,005 139.095 1158,4501 103,450 206,100