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2025-01-31-accounts

Power to Live Foundation Trustees’ Report of Activities for year ended 30th April 2025 and Financial Statements for the year ended 31 January 2025.

Reaching further. Growing stronger.

Charity registration number: 118199

Contents

Table of Contents

Purpose and Aims .......................................................................................................................3 A year of growth and bold steps.. ....................................................................................................... 4 Our Key Referral Pathways: Building Trust and Expanding Access...................................................... 7 Samples of Client Feedback (2025) ..................................................................................................... 8 Who We Reached .......................................................................................................................................... 8 Donation Analysis: Trends and Contributions (February 2024 - January 2025) ................................. 11 Strategic Priorities and Key Initiatives for the coming year ........................................................................... 11 Appendices (to be attached separately) ............................................................. Error! Bookmark not defined.

2

Administrative Information

Charity Name: Power to Live Foundation Charity registration number: 1181997 Operational address: Longcroft House, Victoria Avenue, EC2M

Trustees

Ms Tien Kuei Mr George Panayiotou Ms Olivia Gray Miss Raveen Bains

Management Committee

Ms Tien Kuei CEO Kelsey Wiemer Clinical Director

Admin Team

Operations Manager Finance Officer Operations and Projects coordinator

Bankers

Lloyds Bank 25 Gresham Street, London, EC2V 7HN Charities Aid Foundation Bank 25 Kings Hill Avenue, Kings Hill Kent ME19, 4JQ

Accountant

Morgan Berkley , Westgate Chambers, 8a Elm Park Road, Pinner, HA5 3LA

Purpose and Aims

Our charity’s purpose as set out in the objectives of the Foundation’s Constitution is to benefit the public in the UK by:

  1. Providing evidence-based behavioural treatments to clients with no or low income in socially deprived communities.

  2. Supporting the advancement of evidence-based behavioural treatment by (but not limited to) training psychotherapists in these approaches, in order to provide subsidised treatment to the population group stated in object 1.

The aim of our charity is to provide relief from mental distress and social isolation for people with psycho-social difficulties, and ensure that they are integrated into their communities, and feel valued and respected.

3

A year of growth and bold steps..

At Power to Live Foundation, the past year has been one of growth and impactful innovation , propelling our core mission forward: providing high-quality, low-cost behavioural therapy to those who need it most. We proudly welcomed more clients and celebrated the successful opening of our central London clinic , significantly broadening our capacity for vital in-person work. These strides were made while laying the foundations for sustainable growth, reinforcing our dedication to accessible, compassionate, and effective therapy.

Our commitment to excellence extends to our infrastructure. We are strategically investing in a major IT upgrade , creating a comprehensive client and therapist database. This new system will not only streamline treatment coordination and automate labour-intensive checks but will also improve the experience for both our clients and therapists, ensuring we can maintain our high standards of care at a larger scale.

To further spread our message and foster broader conversations about mental health, our volunteer social media manager has been instrumental in building our new podcast, alongside our dedicated volunteers. With five episodes already released, this initiative is a key part of our growing social media strategy, aimed at expanding awareness of our vital work and deepening client engagement across the community."

From the CEO: “One Small Room. Big Impact.”

“This year we opened our first physical therapy room in Liverpool Street. A small space, but a big leap, not just for those who came in person, but for the message it sent: we’re here, we’re growing, and we’re investing in human connection. This report is a testament to our community, our clients, our team, our supporters, and to what can happen when care meets courage.”

- Tien Kuei, CEO

4

----- Start of picture text -----
End of April 2024 End of April 2025
Number of Clients 218 192
assessed
Number of Therapists 20 placement therapists 35 therapists
Waiting time 1 week none
Therapy Capacity 96 clients a week (minimum) can 140 clients a week (minimum) can receive
receive treatment treatment
Total no of sessions 2308 Approx. 2000
Senior Therapist Team FOUR senior Therapists FOUR senior Therapists
Senior team moved into paid positions Senior team moved into paid positions
with other organisations. with other organisations.
Supervision THREE Supervisors covering the THREE Supervisors covering the whole
whole team team
Team Expansion We appointed another Finance Officer, We appointed a new Operations and
to join our team. projects coordinator to join our team,
alongside a new Finance Office
----- End of picture text -----

** This includes clients our corporate clients and repeat clients

We work with a wide range of clients experiencing anxiety, trauma, and complex relational difficulties. We track progress using the CORE-OM tool, a gold standard in outcome measurement.

Outcome Measure Start of Therapy End of Therapy % Improved
CORE-OM Average
Score		 50.9 37.7 67% showed reliable
improvement
Recovered (score
below clinical cutoff)		 , , 32% recovered fully

These results demonstrate statistical significance (p < 0.001) and are broadly comparable to NHS Talking Therapies' outcomes (66% improvement, ~50% recovery). Our slightly lower recovery rate likely reflects the higher complexity of our client grou

5

Our impact

In-Person vs Online: A Hybrid Model in Action

We launched our Liverpool Street clinic in May 2024. While most therapy still takes place online, in-person sessions now play a role - especially for clients with more complex needs or digital exclusion.

Our services primarily reached clients online (84%), with an additional 14% utilizing blended approaches. While only 2% of clients received in-person treatment, we are excited by the uptake and use of our in-person facilities since their opening in 2024. This year, in-person treatment generated £2,015, which unfortunately did not cover the full annual rent of £8,917. This shortfall highlights the critical need for donor support to ensure we can continue offering vital face-to-face services for our most vulnerable clients.

Income level of service users: Addressing Varied Financial Needs

The majority of our clients 56.6% , earn under £15,000 annually. This indicates that over half of the individuals we support are in low-income brackets, which can impact their access to resources, quality of life, and overall mental well-being. We are able to offer these clients reduced rates.

The remaining service users have higher, though still moderate, income levels. 13.9% earn between £20,000 and £30,000 , and 7.4% earn between £30,000 and £40,000 . Though this client group has more financial stability, we understand they still benefit from accessible and affordable mental health services.

Overall, this data presents a strong correlation between lower income levels and the need for mental health support among our service users. Understanding these financial demographics

6

Our impact

Our Key Referral Pathways: Building Trust and Expanding Access

Our service's success is reflected in our referral data. Most of our users come to us through recommendations from friends and family . This is a strong testament to the reliability and effectiveness of our support , as people are clearly sharing positive experiences within their personal networks. It shows that our service is not just meeting needs, but genuinely making a difference in people's lives.

Our second largest referral source comes from GPs and social prescribers . This demonstrates the trust and confidence that healthcare professionals have in our ability to provide valuable mental health support. We're actively seeking funding to continue offering our GPs an affordable referral option , ensuring that more individuals can access our services through these healthcare pathways, allowing us to strengthen our partnerships within the healthcare system.

7

Our impact

Samples of Client Feedback (2025)

I think my ability to avoid spiralling is much higher now due to us working out a 'recovery plan' which has been working for me so far. I now think about my mental health in a way that I understand.

I could not have asked for a nicer person, she was clear focused and understood my goals and needs. The therapy was focused around me, my goals and the future.

Ekisha was great—super supportive and really helped me in my journey to understand myself and my feelings better. I truly appreciated all her work and would recommend her to everyone

A lot of the time I didn’t know what to talk about and how to phrase things so asking questions that led to a conversation really helped, also being patient when I had to think about a question

Who We Reached

(Data shown below is from clients registered between April 2024 and April 2025)

Client Volume

Demographic Most Common Response (sample of 168) Notable Detail
Age Median: 27 75% of clients are under 35
Gender 52% identify as women 38% men, 10% non-binary/other
Ethnicity (self-reported) 62% White, 17% Black, 3% Asian and 19%
Global Majority		 Based on client reporting
Disability 14% disclosed a disability Most common: chronic
pain/fatigue
Income Bracket 57% below £20,000 22% are students

Note: Not all clients disclose ethnicity or gender, so reported diversity may under-represent true figures.

8

Our impact

Client Retention and Engagement

We’re proud of our low dropout rate: only 12% of clients disengaged after intake or after one session. Compared to last year’s 18%, this marks a 33% improvement in early engagement, likely thanks to better onboarding processes and an increase in outreach and social media efforts.

We're very pleased to share that our intake of male clients has increased consistently throughout the year. Men now make up 38% of our client base, exceeding the 36% of NHS referrals for talking therapies that are for men[1] .

What Needs Work

Face-to-face therapy access needs subsidising

While our online services expand reach and accessibility, providing vital face-to-face therapy remains a cornerstone of our commitment to those with the most complex needs.

Strengthening Our Impact Measurement: A Commitment to Enhanced Data Completion

To truly understand the impact of our behavioural therapy, data collection on client outcomes is paramount. Our current outcome data completion rate stands at 48% and improving this figure is a strategic priority. We are implementing new processes and support for therapists to boost this aspect of our work, allowing us to tell a more complete story of transformation.

Diversity tracking should be more consistent

Our commitment to providing effective therapy means understanding and serving the diverse needs of our community. To ensure we reach all demographics effectively and tailor our services, diversity tracking is essential. Our investment in a new Django-based CRM platform has allowed us to develop a more robust tracking system, including the ability to report on client ethnicity. This is crucial for tailoring our outreach and ensuring greater diversity in our client base. We are dedicated to continuously improving our data capture methodologies in this area over the coming years.

1 https://www.nhsprofessionals.nhs.uk/health-and-wellbeing/helpful-links/mens-healthhub#:~:text=What%20percentage%20of%20patients%20using,talking%20therapy%20services%20are%20men.

9

Our impact

Broadening Our Reach: Strategic Outreach to Men and Over-50s

We are dedicated to ensuring our therapeutic services are accessible to everyone who can benefit. While our overall client numbers are growing, we have identified that outreach to specific demographics, particularly men and individuals over 50, remains a key area for development. These groups often face unique barriers to accessing mental health support, and we are committed to undertaking targeted initiatives and refining our outreach strategies to ensure our messaging reaches a wider range of communities.

10

Strategic Priorities and Key Initiatives for the coming year

Our charity plans to address the need for improvement by enhancing accessibility and impact through the following strategic initiatives:

Deepening Partnerships with Local GPs and Community Organisations

We aim to strengthen our referral pathways and ensure seamless access for our service users, especially those facing financial challenges and students. This will involve meetings with GP practices, offering targeted workshops for referrers, and streamlining digital referral processes.

- Launching Quarterly Transformation Events and Trauma Informed Workshops

By delivering evidence-based, culturally sensitive workshops focused on coping strategies, resilience, and trauma-informed care, we can address the complex needs of our clients. These are designed for accessibility and direct engagement.

- Trialling Low Cost Group Therapy Models for Those on Waitlists

Power to Live can address waitlist challenges found with other mental health providers by implementing structured, theme-specific group therapy options with a sliding scale or nominal fee, led by our experienced senior therapists. This will lead to reduced wait times, expanded capacity to serve more individuals, improved mental health outcomes, and supportive peer networks.

Strengthening Our Referral Systems and Client Pathways

We aim to ensure a positive client journey from initial contact to ongoing support across all our services through developing a unified intake system, exploring digital automation for efficiency, implementing clear communication protocols, and regularly reviewing client pathways for continuous improvement.

Donor recognition

This year’s slight budget deficit was anticipated, due to upfront clinic costs and new staff appointments. The charity remains solvent, with a strong cash buffer and low liabilities.

We’re grateful to our donors, LMCT, Just giving and Fund Apps for their collective donations. We are also grateful for Tien Kuei’s generosity in bringing in £6,306 through donating profits from delivering training to professional clinicians.

- Donation Analysis: Trends and Contributions (February 2024 January 2025)

Overall Financial Contribution: Over the last year, Power to Live received a total of £27,256.15 in donations and many smaller contributions contribute to the overall total.

Potential for growth

Monthly Donation Trends: Donations were received consistently throughout the year, with notable peaks in specific months:

Top Donors

  1. LMCT - LMCT Donation: This single source contributed the most with £15,000.00 . This indicates a substantial contribution from a specific grant.

  2. Benevity Charitable Giving - Donation raised by Raveen Bains through Microsoft: This platform brought in £8,190.00 , indicating a strong presence through corporate giving programs and workplace donations.

  3. Justgiving - Donation: Through this popular fundraising platform, we raised £3,930.10

We couldn’t do this without you. Thank you for believing in us - for believing that care - when made accessible, can change lives

Financial summary

In 2025, Power to Live Foundation expanded its clinical and training services while maintaining financial resilience. Despite a lower client volume, our total income increased by 16% to £111,094, with therapy income rising 44% year-on-year.

We invested significantly in long-term infrastructure by building a customised therapist-client management system which should streamline staff administration and improve our client care, spending £7,580 on capital assets. To manage the expanding therapy team and counteract the low client numbers, we appointed an outreach and projects coordinator to increase client numbers.

Total expenditure rose to £110,602, reflecting scaling efforts, staff development, and expanded outreach. After all costs, the charity recorded a modest surplus of £492 and retained reserves of £44,227. While our cash balance fell slightly due to asset investments, we remain financially sound with no debts. Our investment in infrastructure positions us to deliver more therapy and training in 2025 and beyond.

We invite donors to support our next leap: funding research into treatment outcomes and expanding subsidised therapy to more clients in need.

12

POWER TO LIVE FOUNDATION

End-of-Year Financial Report Summary

For the Year Ended 31 January 2025

Financial Highlights

Financial Highlights
Category FY 2024/25 (£) FY 2023/24 (£) % Change
Total Income 111,094 95,806 +16%
Total Expenditure 110,602 72,020 +54%
Net Movement in Funds 492 22,240 -98%
Year-End Reserves 44,227 43,735 +1%
Cash at Bank 40,747 49,445 -18%

KPI Performance

The KPI objectives for the year (as inferred from internal reviews) focused on:

Achieved: Total income grew by 16%.

Achieved: Income from charitable activities rose from £64,118 to £76,449 (+19%).

Not Met: Expenditure rose 54%, largely due to staffing, marketing, and IT investments.

Variance Implication:

Although revenue targets were met or exceeded, net surplus significantly declined. Cost containment must be improved.

For FY 2025/26, targets should focus on margin retention and more sustainable expenditure growth.

Financial Trend Assessment

Are we on a financial improvement trend?

POWER TO LIVE FOUNDATION

End-of-Year Financial Report Summary

For the Year Ended 31 January 2025

Partially. Income is growing consistently (especially in charitable program income), but expenditure growth has sharply outpaced it. Surplus fell from £22,240 to £492. Cash reserves declined 18%, and cost pressures-especially from staff training, marketing, and digital upgrades-must be carefully managed.

Key Expense Pressures:

Strategic Recommendations

Charity Registration No. 1181997

Company Registration No. CE016484 (England and Wales)

POWER TO LIVE FOUNDATION

TRUSTEES' REPORT AND EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

POWER TO LIVE FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Tien Kuei George Panayiotou Olivia Gray Raveen Bains

Charity number 1181997 Company number CE016484 Registered address Westgate Chambers 8a Elm Park Road Pinner Middlesex HA5 3LA Independent examiner Morgan Berkeley Limited Westgate Chambers 8a Elm Park Road Pinner Middlesex HA5 3LA

POWER TO LIVE FOUNDATION

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 11

POWER TO LIVE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JANUARY 2025

The trustees present their annual report and financial statements for the year ended 31 January 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Companies Act 2006 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 102) (effective 1 January 2019)".

Objectives and activities

The charity was set up for such purpose that are charitable according to the law of England and Wales for the benefit of the public, in particular but, not exclusively for the purposes of advancement of health for public benefit.

Public benefit statement

In setting the charity’s objectives, the trustees have paid due regard to Public Benefit guidance published by the Charity Commission.

Achievements and performance

Summary of policies adopted to achieve the main aim:

The charity received funding from income arising from donations for the year under review.

During the year the charity did not expend any resources for charitable purposes as it was still in its early stages of establishing itself.

Financial review

Financial results

The detailed results are shown on page 4.

The present level of funding is adequate to support the continuation of the provision of the charity’s objectives, and the trustees consider the financial position to be satisfactory.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

Legal and administrative information

The charity was incorporated on 12th February 2019 as a Charitable Incorporated Organisation (CIO) and is governed by its constitution.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Tien Kuei George Panayiotou Olivia Gray Raveen Bains

The Charity’s Trustees are appointed in accordance with its constitution. The Board has the power to appoint additional trustees as it considers fit to do so.

POWER TO LIVE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

Statement of trustees' responsibilities

The trustees, who are also the directors of Power To Live Foundation for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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' report was approved by the Board of Trustees.

..............................

Tien Kuei

Trustee Dated: .........................

POWER TO LIVE FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POWER TO LIVE FOUNDATION

I report to the trustees on my examination of the financial statements of Power To Live Foundation (the charity) for the year ended 31 January 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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:

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.

Morgan Berkeley Limited

Westgate Chambers 8a Elm Park Road Pinner HA5 3LA Middlesex

Dated: .........................

POWER TO LIVE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 3 27,256 29,004
Charitable activities 4 76,449 64,118
Other Charitable activites 5 7,389 2,684
Total income 111,094 95,806
Expenditure on:
Raising funds 6 216 126
Charitable activities 84,969 53,339
Other expenses 9 25,417 18,555
Total resources expended 110,602 72,020
Net movement in funds 492 22,240
Fund balances at 1 February 2024 43,735 21,495
Fund balances at 31 January 2025 44,227 43,735

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

POWER TO LIVE FOUNDATION

BALANCE SHEET

AS AT 31 JANUARY 2025

Notes
Fixed assets
Intangible assets
11
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2025
£
2,531
40,747
43,278
(6,631)		 £
6,290
1,290
7,580
36,647
44,227
44,227
44,227		 2024
£
458
49,445
49,903
(6,168)		 £
-
-
-
43,735
43,735
43,735
43,735

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

Tien Kuei Trustee

Company registration number CE016484

POWER TO LIVE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's, the Companies Act 2006 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 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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 £.

1.2 Going concern

There are no material uncertainties about the charity’s ability to continue.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors 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.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions 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 donations are recognised 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.

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. Direct costs attributable to a single activity are allocated directly to that activity. 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.

1.5 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

POWER TO LIVE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

1 Accounting policies

(Continued)

Amortisation 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:

Website costs

25% per annum

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:

Computer software 25% per annum

The gain 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 activities.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other 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 liabilities are offset, with the net amounts 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 realise the asset and settle the liability simultaneously.

Basic financial assets

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 is 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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction 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 effective 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.

POWER TO LIVE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 27,256 29,004

4 Charitable activities

Income from therapy
Drive Forward Foundation
Income from training courses		 2025
£
44,075
9,385
22,989
76,449		 2024
£
30,667
10,925
22,526
64,118

POWER TO LIVE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

5 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Non-charitable trading activities 7,087 2,625
Bank interest receivable 302 59
Other trading activities 7,389 2,684

6 Raising funds

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Other fundraising costs 216 126
216 126

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
3
2		 2025
2024
Number
Number
3
2		 2025
2024
Number
Number
3
2
The charity has 3 employees and 4 trustees during the year.

There were no employees whose annual remuneration was more than £60,000.

POWER TO LIVE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

9 Other expenses

Unrestricted Unrestricted
funds funds
2025 2024
Staff training and related costs 9,617 5,647
Marketing and advertising 6,982 2,897
Insurance 318 193
Telephone 692 624
Accountancy fees 2,400 2,640
Rent 2,910 1,690
Bank charges 1,465 1,297
Computer and website costs 887 3,567
Legal and professional 57
Depreciation 89
25,417 18,555

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Intangible fixed assets

Intangible fixed assets
Website costs
£
Cost
At 1 February 2024 1,000
Additions - separately acquired 6,290
At 31 January 2025 7,290
Amortisation and impairment
At 1 February 2024 and 31 January 2025 1,000
Carrying amount
At 31 January 2025 6,290
At 31 January 2024 -

POWER TO LIVE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025

12 Tangible fixed assets

Cost
At 1 February 2024
Additions
At 31 January 2025
Depreciation and impairment
At 1 February 2024
Depreciation charged in the year
At 31 January 2025
Carrying amount
At 31 January 2025
13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
14
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Computer software
£
3,384
1,379
4,763
3,384
89
3,473
1,290		 Computer software
£
3,384
1,379
4,763
3,384
89
3,473
1,290
4,763
3,384
89
3,473
1,290
2025
£
781
1,750
2,531
2025
£
307
743
121
5,460
6,631		 2024
£
458
-
458
2024
£
167
2,342
59
3,600
6,168

15 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).