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2022-03-31-accounts

Trustees Report and Financial Statements For the year ended 31 March 2022 Beat (formerly Eating Disorders Association) A company limited by Guarantee Registered number: 02368495 Charity numbers.. 801343 and SC039309 Beat Eatlng disorders

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

CONTENTS
Page
Reference and administrative details of the company, its Trustees and advisers 1 - 2
Chair's statement 3
Trustees' report 4 - 15
Independent auditors' report on the financial statements 16 - 19
Statement of financial activities 20
Balance sheet 21
Statement of cash flows 22
Notes to the financial statements 23 - 44

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Dr Stephen Anderson Jo Bennett Mike Cooke, Chair Richard Davis (resigned 20 September 2022) Valerie Jolliffe, Treasurer Dr Sandeep Ranote (resigned 20 September 2022) Dr Paul Robinson Neil Roskilly Emily Rothwell David Smart

Company registered number

02368495

Charity registered numbers

801343 and SC039309

Registered office

1 Chalk Hill House, 19 Rosary Road, Norwich, Norfolk, NR1 1SZ

Company secretary

Claire Reynolds

Executive team

Andrew Radford, Chief Executive Officer Caroline Price, Director of Services Tom Quinn, Director of External Affairs Claire Reynolds, Director of Finance and Resources Philip Roethenbaugh, Director of Marketing & Income Generation

Independent auditors

Larking Gowen LLP, King Street House, 15 Upper King Street, Norwich, NR3 1RB

Bankers

The Co-Operative Bank, 69 London Street, Norwich, NR2 1HT

NatWest, 21 Gentlemans Walk, Norwich, NR2 1NA

Page 1

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Beat is supported by a multidisciplinary Clinical Advisory Group of senior clinicians:

Dr Stephen Anderson (Consultant Psychiatrist) Abigail Cardwell (Lead Occupational Therapist) Dr Erica Cini (Consultant Child and Adolescent Psychiatrist and Clinical Lead) Sam Clark-Stone (Lead Clinician and Registered Metal Health Nurse) Sarah Fuller (Specialist Eating Disorder Dietitian) Dr Sheryllin McNeil (Clinical Psychologist) Dr Ciaran Newell (Consultant Nurse) Dr Dasha Nicholls (Consultant Child and Adolescent Psychiatrist and Clinical Lead) Dr Paul Robinson (Consultant Psychiatrist) Becca Randell (Kent, Surrey and Sussex Implementation Lead, Children’s Mental Health - KSS Academic Health Science Network and KSS Applied Research Collaborative) Professor Ulrike Schmidt (Professor of Eating Disorders & Consultant Psychiatrist)

Page 2

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

We started this year following a period of rapid change in response to the pressures and restrictions of the pandemic. Even as we move out of that period, demand for our services has remained high as people with eating disorders have continued to face significant barriers to accessing appropriate services. In the face of this demand, Beat delivered 127,705 support sessions - more than ever before in a single year and a reflection of how dedicated services for people with eating disorders are needed now more than ever. Growing awareness of the seriousness of these mental illnesses is also contributing to the increasing numbers of people reaching out to Beat for support.

We were fortunate to start the year in a strong financial position. This meant that we could focus our efforts on strengthening services developed and launched during the previous year, as well as ensuring we are working to high standards of beneficiary involvement. We recognise the importance of not just involving our beneficiaries in the development of new initiatives but also actively coproducing with groups who represent the diversity of those affected by eating disorders. This is an area where we expect to see exciting changes over the year to come. Developments to our services have also been supported by our clinical advisory group who ensure that we are guided by the latest research and clinical best practice.

Our work in the devolved nations has also continued to go from strength to strength. During this year we launched nations-specific helplines for Scotland, Wales and Northern Ireland, a mark of our ongoing commitment to listening to the needs of those across the whole of the UK. Our campaigning work has also ensured that eating disorders have remained on the political agenda and that government and healthcare services across all nations are being held to account.

By continuing to move our support online we are able to not only reach more people with eating disorders and their carers but also continue to adapt to their needs and ideas. This was the first year that we brought our ‘Frontline’ conference for both professionals and informal carers online, with lively participation and positive feedback from those attending. We now have an impressive spread of online training permanently available to carers, school professionals and the eating disorder workforce through our new online learning platform and in collaboration with Health Education England.

Beat’s work to improve the lives of people with eating disorders and their loved ones is made possible through the generosity of a huge number of dedicated individuals. I would like to thank every single person who contributed to Beat’s impact over the past year by offering their time, skills, lived experience and funding. This includes our volunteers, donors, campaigners, fundraisers, partners and supporters. Your ongoing commitment to improving the lives of people affected by eating disorders is what makes our work possible.

As ever, I would also like to thank my fellow Trustees and all of our staff for their hard work over the past year. I am excited to see where your dedication, agility and passion for supporting our beneficiaries takes us over the year to come.

Mike Cooke, Chair Date: 12 October 2022

Page 3

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the audited financial statements for the year 1 April 2021 to 31 March 2022. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company’s governing document and the provisions of the Statement of Recommended Practice (SORP), 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).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.

The company trades under the name Beat.

BACKGROUND

Eating disorders are serious mental illnesses that include anorexia, bulimia, binge eating disorder, ARFID (avoidant/restrictive food intake disorder) and OSFED (other specified feeding or eating disorder). Anorexia has a higher mortality rate than any other mental illness.

Eating disorders have an enormous impact on the person affected as well as their friends and family, seriously disrupting their education, employment and relationships. They cause both physical and psychological problems, often with long-term impacts.

Around 4% of people in the UK will suffer from an eating disorder at some point in their lives, with at least 1.25 million people suffering at any one time, at an estimated annual cost to the NHS of £4.6bn a year.

While anorexia and bulimia are most commonly found in girls and young women, they affect people of all genders, races, ages, genders, sexualities and backgrounds. Binge eating disorder normally affects adults, with men and women affected more equally.

We know that the sooner someone seeks and gets help, the more likely they are to make a fast and full recovery. But rapid treatment is difficult. On average, people delay for three years between their eating disorder symptoms emerging and seeking help from the NHS. They then find themselves in a cycle of waiting, treatment, partial recovery and relapse lasting another six years on average, with many people never fully recovering.

We also know that sufferers who have the empowered support of their families and friends are more likely to get well sooner. But when someone is affected by an eating disorder, the people close to them rarely know why it’s happening or what to do about it. They also suffer as they don’t know how to support their loved one to seek treatment, or how to stop things getting worse while they wait for treatment to start.

Suffering is further compounded by misunderstanding in society, misrepresentation in the media, and underfunding of research. Eating disorder sufferers can face stigma and discrimination at school, university and in the workplace.

PURPOSE

Beat exists to end the pain and suffering caused by eating disorders.

We do this by working directly with sufferers and their families, and by using that experience to highlight the challenges they face and to campaign for change. We work both nationally and locally and focus on three priority areas: early intervention, family and carer empowerment, and prevention and cure.

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

We produce information to alert people to the early signs of an eating disorder, what to do about them and how to support someone who falls ill. We help people to understand their illness, guide them to seek medical help, and support them to ensure they get the treatments to which they are entitled.

We produce research that highlights the challenges and inequities faced by people affected by eating disorders, and we campaign for increased resourcing for eating disorders, reduced waiting times and better education for health and medical professionals.

OUR HISTORY

Beat has been working for people with eating disorders for over 40 years. Anorexic Aid was formed in Manchester in 1974 while Anorexic Family Aid was created in Norwich in 1976. The two organisations merged in 1989 to become the Eating Disorders Association. We started to use the name Beat in 2007 and changed our registered name to Beat (formerly Eating Disorders Association) on 18 October 2018.

OUR VALUES

All staff, trustees and volunteers at Beat share the vision of an end to the pain and suffering caused by eating disorders. We are inspired by the people we serve, by the difference we can make, and by our commitment to each other.

To make our vision a reality, we need to be bold. It takes a particular courage for our beneficiaries to ask us for help. And we need to be courageous in return, being proactive in seeking new opportunities, embracing new ways of working, and challenging things that are preventing our vision from becoming a reality.

Central to our success is our commitment to building and maintaining supportive and mutually empowering relationships with our colleagues, supporters and beneficiaries. In turn, these relationships provide us with unique experience and learning, which we use to speak with both compassion and authority about the realities of eating disorders.

We also believe that people performing at their best are happier in their work and that happy people perform at their best, so we aim to create and protect a trusting and collaborative environment where people can experiment, learn and flourish.

We all have the responsibility of ensuring our behaviours and relationships reflect these values on a day-to-day basis and of holding ourselves and each other accountable when they do not through Beat’s management principles.

When we get this right, we will achieve brilliant results together, making Beat a truly inspiring and enjoyable place to work.

OUR STRATEGY

Our five-year strategy for 2019-24 sets out how we will make the greatest possible progress on our priorities of early intervention, family empowerment, and prevention and cure. Specifically, our goals during this period are for:

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

An increase in the funding and priority given to eating disorders research so that there is a realistic chance of effective cures and prevention strategies being discovered.

To achieve the goals of our 2019-24 strategy, all our activities will be geared towards:~

ACHIEVEMENTS AND PERFORMANCE

This 2021-2022 annual report demonstrates progress over the past financial year against our 2019-24 strategy and will therefore concentrate on the following key areas of our work:

SUPPORTING BENEFICIARIES

Beat offers both telephone and digital support services and operates 365 days per year. The reach of our services has grown substantially in recent years. In the 2021-2022 financial year we aimed to provide over 120,000 individual support sessions via our existing Helpline channels. Against this target we delivered 127,705 individual support sessions which included phone calls, web chats, emails, online groups and a wide range of individual support programmes for people with eating disorders and their carers, including:

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

One of our goals for the year was to further extend our Helpline opening hours through the support of our volunteers and collaboration with international partners. Having already extended our opening hours to 9am – 8pm Monday – Friday, we have further extended our opening hours to midnight. Our Helpline is now open 91 hours per week.

To meet the rising demand for our services we increased not only the number of our Helpline Advisors and Support Officers, but also our team of active digital volunteers, which grew from 121 in April 2021 to over 200 in March 2022. These volunteers help to deliver our popular webchat service.

In addition to our one-to-one support services, we also delivered a number of group training sessions designed to enable carers of someone with an eating disorder to better support their loved one. Over the past year we have reached significantly more carers than previous years:

We also launched the POD (Peer support and Online Development), a new online platform for anyone caring for someone with an eating disorder. It combines training, peer support and other resources in one easy-tonavigate place. Over 3,500 carers joined following the launch of the platform in November 2021, and we expect the platform to enable us to reach a far greater number of carers over the coming years.

EMPOWERING PROFESSIONALS

Empowering professionals to better support people with eating disorders and their carers remains an important aspect of our work. Building on the success of moving much of our in-person training online in 2020, one of our key goals for the year was to offer new online services including a virtual event platform and a learning management system for carers, teachers and other professionals.

We brought back our ‘Eating Disorders: Support for the Frontline’ conference, bringing 584 people together via an virtual event platform. This involved both carers and frontline workers coming together to share best practice in caring for someone with an eating disorder.

Having paused delivery of ‘Beyond the Symptoms’ in the previous financial year, we brought this course back in a new format as a video-call based course for clinicians, delivered over two half-days, followed by access to regular online peer support community of practice. The course aims to help clinicians to be better able to spot the signs of an eating disorder, make earlier referrals and provide appropriate support. We provided this training to 238 professionals during the year.

In collaboration with our partners at Health Education England we launched three e-learning sessions for the nursing workforce, hosted by e-Learning for Healthcare. This follows the launch of our training programme for medical students and foundation doctors in early 2021. We began work on a similar series of e-learning sessions for GPs and the primary care workforce for launch in the 2022-2023 financial year.

Finally, we began work to move our in-person ‘Spotting the Signs’ and ‘Primary Prevention’ training, for secondary schools and primary schools respectively, online and launched the ‘SPOT’ platform in early 2022. This sits alongside our ‘POD’ platform for carers in a learning management system which will host even more of our training for both carers and professionals over the coming years.

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

CHANGING POLICY AND PRACTICE

A key goal for the 2021-2022 financial year was to maximize our impact in Northern Ireland, Scotland and Wales, ensuring that eating disorder services are properly funded and focused on best practice. Our ‘3 Years On’ report examining progress made by the Welsh Government since the 2018 Eating Disorder Service review was published in January. The Deputy Minister welcomed the report and stated that the Welsh Government will use it to inform their work going forward. Beat also continues to be represented on all three working groups for the implementation of the Review of Eating Disorder Services in Scotland. The new Scottish Intercollegiate Guidelines Network launched their new eating disorders guidance during January, with Beat having been involved throughout the review of these with one of our lived experience volunteers on the steering group. Progress in Northern Ireland has been slower, although the action we launched for supporters to encourage their Members of the Legislative Assembly to advocate for full funding for eating disorders resulted in 15 direct responses to Beat from MLAs and 5 Assembly questions on eating disorders.

In all four nations, our campaigning work over the past year has focused on securing the commitment of more medical and foundation schools to make effective education on eating disorders a compulsory part of their curriculum for all students. By the end of the financial year, we found that 14 of 41 medical schools were providing quality eating disorders education, with a further 8 in the process of achieving the required standard. Overall progress was achieved in 37 out of 41 medical schools, and over the coming year we will continue work with those who have expressed an interest in addressing this problem . As part of Eating Disorders Awareness Week, and to assist with the campaign, we launched an open letter to medical schools who have not engaged with the campaign that over 5,500 signed.

We have also seen progress in the commitments made by key decision makers to increase funding for eating disorder research. In September 2021 Yesterday, on behalf of the All-Party Parliamentary Group (APPG) on Eating Disorders, we published our ‘Breaking the Cycle’ report setting out the findings and recommendations of our inquiry into research funding. In response to our report, the Medical Research Council (MRC) has committed to organising one or more workshops to bring together funders and academics to explore building the capacity of the eating disorder research field. We have also received an invitation to join the steering group for this work.

Another significant highlight this year is the confirmation that eating disorders will be included in the Adult Psychiatric Morbidity Survey 2022 (APMS). The APMS is the main way that the Government and the NHS estimates the prevalence of mental health conditions in those aged 16 and over England. It is only conducted every 7 years and eating disorders were omitted from the last survey. We called for eating disorders to be included within the interview-based second phase of the APMS, to enable a robust assessment of the prevalence of eating disorders in English adults, through our membership of NHS Digital’s steering group for the survey, and by writing to the Department for Health and Social Care (DHSC). In January 2022 the DHSC confirmed they would allocate the funding required to achieve, and the APMS 2022 will be the first study to investigate the prevalence of eating disorders in a nationally representative sample of English adults.

INCOME GENERATION

Without the generosity of individuals, families, companies and trusts who supported Beat over the past year, we would not be able to run our services to support those affected by eating disorders, nor to campaign on their behalf.

In 2021-22, we had income of £4.99 million, of which £4,511,627 was from voluntary sources, increasing fundraising income from the previous year by £1,291,753, equating to growth of 40%. In addition, we secured and delivered £386,056 worth of contracts and commissions with public sector partners. This has been by far our most successful year and was achieved across a wide range of income streams, which bodes well for the

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

longer-term strength of the charity’s finances.

Having seen a remarkable response from the general public, trusts and major donors to our appeals for emergency funding in 2020-21, our task this year was to replace the ‘one off’ funding with new income that would be sustainable. We achieved this in 2021-22, thereby protecting the growth in services and allowing us to help increasingly greater numbers of people.

Another aim was to increase the number and value of multi-year grants and donations. We go into 2022-2023 with over £1.7m in income already committed from charitable trusts or government funding, which encourages us to set a bold income target for the new financial year. Rising income from statutory sources is particularly heartening as it is a strong indicator of the quality of our relationship with the governments in each part of the UK.

Our most significant ‘trust’ funder remains The National Lottery Community Fund. During this year we were delighted to receive our third major grant from this funder in as many years. £947,000 was awarded to retain the extension of our Helpline and support the recruitment of additional volunteers.

Our unrestricted income has always been heavily supported by individuals fundraising in their communities through challenge events and other local and online fundraising activities. Going into this year our ambition was to exceed pre-pandemic levels of participation and income. We succeeded in raising over £780,000 surpassing the previous year by 33%, with the help of a total of 1,173 fundraisers.

A trend of increasing donations from the general public, which began in the pandemic, has thankfully continued. Over £250,000 was donated via our new website and we now have nearly 850 people making monthly donations to Beat. We plan to invest further in Individual Giving in order to enable our individual supporters to increase their important support for us in this way.

While support from the corporate sector remains quite modest in comparison to other sources of income, we were delighted to secure a grant of £70,000 from the insurance firm Aviva, to expand our roll-out of our SPOT programme.

PUBLICITY, MARKETING AND MOBILISATION

At the start of the year we launched our new website. The site is now clearer and easier to navigate and the changes made reflect feedback from our beneficiaries who were consulted during the development process.

Our top-tier media coverage remained strong throughout the year, covering a wide range of national outlets including BBC Online, the Telegraph and the Independent. Beat was mentioned nearly 4,000 times across print and online media, and over 1,000 times across broadcast media. A notable period of media success was Eating Disorders Awareness Week in March when we campaigned for all UK medical schools and foundation programmes to introduce proper training on eating disorders. We also had significant results in the devolved nations, including a news report on ITV Wales featuring one of our media volunteers.

Recruitment over the past year has focused on ensuring that we are sufficiently resourced to deliver a wide range of new services and projects to the highest possible standard. Co-production is one area where we have invested in new roles to deliver an array of projects which will ensure we are not only working closely with people with lived experience of an eating disorder in our own work, but also supporting NHS services to better collaborate with those they serve. Alongside these initiatives, our work has continued to be supported by a growing cohort of Lived Experience Volunteers. This role is a new iteration of our earlier Ambassador programme, and offers volunteers opportunities to contribute their experience via Beat training sessions, external speaking events, media opportunities and workshops to co-produce new services.

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

We have been supporting our staff team by developing new initiatives to support wellbeing, which has included changing our working week so that full time hours can be worked over 4 days, with a 3 day weekend. We decided to pilot this change during lockdown, having noticed that our productivity went up when we reduced staff hours to save money for a short period in Spring 2020. We therefore decided to test out whether that productivity increase could be maintained once we started paying people their full-time wage again. After piloting for 12 months, it has become clear that Beat has become more effective even though we’re working slightly fewer hours. Staff are of course very happy with the change and our beneficiaries can therefore only experience positive results from it.

LOOKING FORWARD

Following a period of significant expansion across all of our services, our goal for the 2022-2023 financial year is to consolidate our existing workstreams and launch services which have been in development over the past year. During the 2022-23 financial year, our plans include:

FINANCIAL REVIEW

2021/22 was another strong year for Beat financially, with a number of sizeable donations being received late in the year to be spent in 2022/23 and beyond. Income has grown in almost all areas with particular success in trusts and statutory and community fundraising. We have also secured a good number of public sector contracts which will be delivered and recognized in future years.

Total income for the year ended 31 March 2022 was £4.99 million compared to £3.42 million for the previous year. Expenditure of £4.54 million was incurred in this financial year compared to £2.75 million in the year ended 31 March 2021. This has increased the total funds held by the charity to £2.43 million at 31 March 2022, compared to £1.99 million at 31 March 2021.

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

Balance Sheet

The value of fixed assets continues to fall as assets are generally no longer purchased but procured on a revenue basis. The net book value of fixed assets at 31 March 2022 was £37,009, down from £49,892 at 31st March 2021 due to depreciation charges in the year. Debtors levels have increased significantly from £902,628 in March 2021 to £2,331,840 at March 2022. All debts have subsequently been received or are considered fully recoverable. The increase was mainly due to a high amount of contract invoicing to NHS partners during March 2022. The total figure for cash held at 31st March 2022 was £2,272,523 which is an increase from the previous year where we held £1,757,306. Creditors also increased significantly to £2,206,658, previously £710,758. The increase is in all areas of creditors but most significantly an increase in deferred income received by Beat.

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

Fundraising regulation

Beat’s approach to fundraising is to maintain a balanced portfolio of income streams, in order to achieve a sustainable funding model. We currently employ twelve fundraisers, led by the Director of Marketing & Income Generation, all of whom are members of the Institute of Fundraising. Beat does not use the services of professional fundraising agencies to conduct any part of our fundraising programme. We promote a ‘Supporters Promise’ that sets out the standards donors can expect, including a pledge to not put undue pressure on supporters to make a gift. Beat also has a formal complaints procedure. There was one fundraising complaint in 2021-22 (nine in 2020-21) - which was resolved internally. Beat follows The Code of Fundraising Practice, as promoted by the Fundraising Regulator. A Vulnerable Supporters Statement was introduced in 2019-20.

We are committed to working ethically and responsibly with all our supporters. This is detailed within our supporter promise, available on our website. This promise describes how we will always prioritise the health and wellbeing of supporters, never placing them under undue pressure and ensuring we work honestly, respectfully and sensitively with all supporters including fundraisers. We ensure personal data and details are collected and managed appropriately and we would never sell information to other parties.

Environmental Impact

We are committed to monitoring and reducing our environmental impact at Beat. We have an environmental action plan to monitor further improvements. We enable staff to work from home and employ paperless systems.

Risk management

The Trustees are responsible for ensuring effective risk management, and that internal controls are in place to appropriately manage the risk exposure of Beat. In June 2022, the Trustees completed their annual review of the Beat’s risk management strategy. In the course of this review, the Board has considered:

The major risks to which Beat is exposed.

All significant risks are reported in a risk register, and are monitored quarterly by the Executive Team and at every meeting of the Finance and Risk Committee, as well as being subject to a formal review by the Board of Trustees every year.

The key risks identified by the Trustees are as follows:

None of the above risks caused loss or harm to the organization during the year but we continue to improve and increase actions and controls to reduce and mitigate these risks.

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

Reserves and Funds

The Trustees review reserves every year and set a reserves policy that reflects the risks faced by the organisation.

Currently it is the charity’s policy to have a General Fund of free reserves (i.e. excluding restricted funds and tangible fixed assets) in order to:

From time to time Beat also holds designated funds in reserve in order to plan for future spending on specific infrastructure projects that will increase our effectiveness and/or sustainability.

The charity assesses its reserves requirement using a number of methods to ensure that the reserve figure required has been robustly tested.

Using a risk based approach, we calculated that at 1 April 2022 we require reserves of £1.28 million and will endeavour (subject to timing fluctuations) to have reserves within plus or minus 10% of this figure.

Income fluctuates significantly throughout the year at Beat. Therefore reserves will be monitored to ensure they are line with projections and that total funds remain above reserves required, or if they do fall below that we have reliable forecasts to show them returning to the required level.

If free reserves fall or are predicted to fall below one month’s full operating costs or two months’ staff costs, trustees will take immediate action.

As at 31 March 2022 current funds are as follows:

2022 2021
£'000 £'000
Restricted funds 938,642 620,970
General funds 1,494,646 1,364,721
Total 2,433,288 1,985,691

After adjusting for fixed assets that gives Beat free reserves at 31st March 2022 of £1,457,637. This amount is slightly higher than the reserves required but reflects a particular point in time at which additional spending was planned for delivery of projects and services. We anticipate reserves levels to remain closer to the planned levels as we move through the year ending 31st March 2023.

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee, incorporated on 5 April 1989 and registered as a charity on 7 April 1989. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company, and is governed under its Articles of Association. Following a general meeting on 24th March 2020 the previous approach to membership was removed with the trustees of the charity becoming its only members, who guarantee the liabilities of the company in the event of a winding up, to a maximum of £1 each.

Recruitment and appointment of Trustees

The directors of the company are also the charity Trustees for the purposes of charity law. Under the charity’s Articles of Association they are known as members of the Board of Trustees. The Trustees who served during the year and up to the date of this report are listed on page 1. Trustees are appointed by the Board. A recruitment panel, delegated from the main Board, interviews and recommends Trustees for appointment.

Under the requirements of the Articles of Association, the Trustees are elected to serve for aterm of three years. Trustees may serve a maximum of two terms, not including any time (upto a maximum of six years) spent as Chair, Vice Chair or Treasurer. There must be at least six Trustees. The Board of Trustees meets quarterly and is responsible for the strategic direction and oversight of the charity. The Board has two subcommittees that meet regularly throughout the year:

Day to day management of Beat is delegated to the Chief Executive and the Executive Team under a scheme of delegation. All Board members give their time voluntarily but may claim reasonable travel expenses, which are shown in Note 9 to the accounts. The Board regularly evaluates its performance and membership, considering the direction of the organisation and the skills and diversity needed among its number to take Beat forward with confidence. The Board is committed to and has achieved full compliance with the Charity Code of Governance. Compliance is audited annually to ensure any necessary further actions are taken.

Public benefit

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Commission on determining the activities undertaken by the charity. We are clear that our services are available to all and are actively working on messaging to make Beat as inclusive as possible.

Staff and Executive Pay

Staff salaries are banded in a series of salary points, with the median for each band being a market average benchmarked against similar jobs elsewhere in the voluntary sector. Employees can progress to the next salary point in their band by meeting criteria linked to performance. The exception is the Chief Executive, whose salary is determined by the Board.

Every twelve months the Trustees determine whether there should be an overall increase in salaries to reflect changes in the cost of living. The level of any increase is decided in the context of:

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BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

(continued)

Trustees' responsibilities statement

The Trustees (who are also directors of Beat (formerly Eating Disorders Association) 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 (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Approved by order of the members of the on their behalf by:

................................................ Mike Cooke

Date: 12 October 2022

Page 15

(A company limited by guarantee)

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

Opinion

We have audited the financial statements of Beat (formerly Eating Disorders Association) (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 16

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

Page 17

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (CONTINUED)

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Due to the field in which the charitable company operates, we identified the areas most likely to have a direct material impact on the financial statements as compliance with the UK accounting standards, the Companies Act 2006, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Charities Act 2011. In addition, we considered the provisions of other laws and regulations which, whilst not having a direct impact on the financial statements, are fundamental to the charitable company's ability to operate including employment law, safeguarding, health and safety and GDPR.

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, included the following:

Page 18

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (CONTINUED)

There are inherent limitations in our audit procedures described above. The more removed that laws or regulations are from financial transactions, the less likely it is that we would be aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and management and the inspection of regulatory and legal correspondence, if any.

Material misstatement that arises due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and Trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Joanne Fox BA FCA (Senior statutory auditor) for and on behalf of Larking Gowen LLP Chartered Accountants Statutory Auditors King Street House 15 Upper King Street Norwich NR3 1RB

Date: 27 October 2022

Page 19

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising funds
. Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
2,369,182
475,613
4,064
214
2,849,073
1,000,962
1,718,186
2,719,148
129,925
1,364,721
129,925
1,494,646		 Restricted
funds
2022
£
2,142,445
-
-
-
2,142,445
-
1,824,773
1,824,773
317,672
620,970
317,672
938,642		 Total
funds
2022
£
4,511,627
475,613
4,064
214
4,991,518
1,000,962
3,542,959
4,543,921
447,597
1,985,691
447,597
2,433,288		 Total
funds
2021
£
3,219,874
183,967
11,163
84
3,415,088
850,223
1,895,195
2,745,418
669,670
1,316,021
669,670
1,985,691

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

The notes on pages 23 to 44 form part of these financial statements.

Page 20

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee) REGISTERED NUMBER: 02368495

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
12
Total net assets
Charity funds
Restricted funds
Unrestricted funds
Total funds		 2,331,840
2,272,523
4,604,363
(2,206,658)		 2022
£
37,009
2,397,705
2,434,714
(1,426)
2,433,288
938,642
1,494,646
2,433,288		 902,658
1,757,306
2,659,964
(710,758)		 2021
£
49,892
1,949,206
1,999,098
(13,407)
1,985,691
620,970
1,364,721
1,985,691

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

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ ................................................ Mike Cooke Valerie Jolliffe Chairman Treasurer Date: 12 October 2022

The notes on pages 23 to 44 form part of these financial statements.

Page 21

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2022
£
515,003
214
-
-
214
515,217
1,757,306
2,272,523		 2021
£
837,494
84
(3,493)
108,615
105,206
942,700
814,606
1,757,306

The notes on pages 23 to 44 form part of these financial statements

Page 22

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Beat (formerly Eating Disorders Association) 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.

1.2 Company status

The charity is a company limited by guarentee, incorporated in England and Wales. The members of the company are the Trusteed named on page 1. In the event of the charity being wound up, the liability in respect of the guarentee is limited to £1 per member of the charity.

1.3 Going concern

With the level of unrestricted funds and liquid assets available, the Trustees consider the organisation is in a stable financial position. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The Trustees consider that the budgeted cashflow is sufficient with the level of unrestricted reserves for Beat to be able to meet its liabilities as they fall due. For this reason, the Trustees consider it appropriate for the financial statements to continue being prepared on a going concern basis.

1.4 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 23

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.5 Income

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

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised 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 of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteers time is not recognised in the accounts, please refer to the Trustees' report for more information about their contribution.

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.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Incoming resources from grants, including income from Government, is recognised when the charity has entitlement to the funds, and it is probable the amount will be received.

The value of services provided by volunteers has not been included in these accounts.

1.6 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. 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 allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Page 24

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.6 Expenditure (continued)

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

1.7 Government grants

Government grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

1.8 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.9 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments.

Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives using the straight-line method.

Depreciation is provided on the following bases:

1.10 Investments

Current asset investments are a form of financial instrument. They are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the fair value cannot be measured reliably, in which case it is measured at cost less impairment.

Page 25

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies (continued)

1.11 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.12 Cash at bank and in hand

Cash at bank and 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.

1.13 Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.14 Financial instruments

The 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 measured at amortised cost using the effective interest method.

1.15 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

1.16 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

The company is a member of a multi-employer plan. Where it is not possible for the company to obtain sufficient information to enable it to account for the plan as a defined benefit plan, it accounts for the plan as a defined contribution plan. Further details can be found in note 18.

Page 26

(A company limited by guarantee)

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Income from donations and legacies

Unrestricted
funds
2022
£
Individual giving
327,903
Public sector funding
55,419
Community fundraising
787,933
Major donors grants and donations
975,776
Trusts and Statutory Grants
47,299
Corporate donor
174,852
2,369,182		 Restricted
funds
2022
£
-
-
-
51,808
2,090,637
-
2,142,445		 Total
funds
2022
£
327,903
55,419
787,933
1,027,584
2,137,936
174,852
4,511,627

Government grants comprise the following:

£Nil (2021: £56,991) of income under the Coronavirus Job Retention Scheme. This is a government scheme whereby employers can reclaim some of the costs of staff placed on furlough leave during the Covid-19 pandemic.

Legacy income of £24,564 is included in individual giving (2021: £5,056)

Community fundraising
Individual giving
Major donors grants and donations
Trusts and Statutory Grants
Government grants
Corporate donor		 Unrestricted
funds
2021
£
528,898
390,461
485,993
181,644
56,991
83,874
1,727,861		 Restricted
funds
2021
£
-
-
-
1,492,013
-
-
1,492,013		 Total
funds
2021
£
528,898
390,461
485,993
1,673,657
56,991
83,874
3,219,874

Page 27

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. Income from charitable activities

Unrestricted
funds
2022
£
Income from training and conferences
81,870
Publications
7,687
Contract income
386,056
475,613
Unrestricted
funds
2021
£
Income from training and conferences
21,255
Publications
15,193
Contract income
147,519
183,967		 Total
funds
2022
£
81,870
7,687
386,056
475,613
Total
funds
2021
£
21,255
15,193
147,519
183,967

4. Income from other trading activities

Unrestricted Total
funds funds
2022 2022
£ £
Affinity income 4,064 4,064

Page 28

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4. Income from other trading activities (continued) (continued)

Affinity income
Sponsorship		 Unrestricted
funds
2021
£
5,830
5,333
11,163		 Total
funds
2021
£
5,830
5,333
11,163
5.
Investment income
Unrestricted
funds
2022
£
Interest received
214
Unrestricted
funds
2021
£
Interest received
84		 Total
funds
2022
£
214
Total
funds
2021
£
84

Page 29

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Analysis of expenditure by activities

Service provision
Fundraising costs
External affairs
Events
Governance		 Activities
undertaken
directly
2022
£
2,301,191
1,051,827
517,647
75,455
-
3,946,120		 Support
costs
2022
£
468,542
(50,865)
104,693
16,026
59,405
597,801		 Total
funds
2022
£
2,769,733
1,000,962
622,340
91,481
59,405
4,543,921
Service provision
Fundraising costs
External affairs
Governance		 Activities
undertaken
directly
2021
£
1,061,191
701,364
627,505
-
2,390,060		 Support
costs
2021
£
224,467
148,859
(74,010)
56,042
355,358		 Total
funds
2021
£
1,285,658
850,223
553,495
56,042
2,745,418

Our Marketing and Communications costs are considered to be support costs and are allocated accordingly from fundraising (2021 these were included in and allocated from external affairs). This is shown on page 32 as Communications support.

Page 30

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Operational costs
Event costs
Facilities costs
IT costs
Unrecoverable VAT
Staff costs
Operational costs
Facilities costs
IT costs
Unrecoverable VAT		 Service
provision
2022
£
1,446,412
522,791
1,802
129,435
126,051
74,700
2,301,191
Service
provision
2021
£
619,365
251,848
90,557
79,203
20,218
1,061,191		 Fundraising
costs
2022
£
671,190
167,101
64,515
58,417
56,890
33,714
1,051,827
Fundraising
costs
2021
£
479,955
89,789
59,846
52,342
19,432
701,364		 External
affairs
2022
£
397,895
45,975
-
28,921
28,165
16,691
517,647
External
affairs
2021
£
419,556
102,855
49,907
43,649
11,538
627,505		 Event costs
2022
£
50,001
14,161
-
4,427
4,311
2,555
75,455
Event costs
2021
£
-
-
-
-
-
-		 Total
funds
2022
£
2,565,498
750,028
66,317
221,200
215,417
127,660
3,946,120
Total
funds
2021
£
1,518,876
444,492
200,310
175,194
51,188
2,390,060

Page 31

(A company limited by guarantee)

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Analysis of expenditure by activities (continued)

Analysis of support costs

HR costs
Finance costs
Central costs
Communications support
HR costs
Finance costs
Central costs
Communications support
HR costs
Finance costs
Central costs
Communications support		 Service
provision
2022
£
80,393
88,016
146,631
153,502
468,542
Service
provision
2021
£
32,981
63,837
38,497
89,152
224,467		 Fundraising
costs
2022
£
36,284
39,724
66,179
(193,052)
(50,865)
Fundraising
costs
2021
£
21,796
42,188
25,441
59,434
148,859		 External
affairs
2022
£
17,963
19,667
32,764
34,299
104,693
Governance
2022
£
-
-
59,405
-
59,405
External
affairs
2021
£
18,176
35,181
21,219
(148,586)
(74,010)		 Event costs
2022
£
2,750
3,010
5,015
5,251
16,026
Total
funds
2022
£
137,390
150,417
309,994
-
597,801
Event costs
2021
£
-
-
-
-
-

Page 32

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

HR costs
Finance costs
Central costs
Communications support
7.
Auditors' remuneration
Fees payable to the company's auditor for the audit of the company's
annual accounts
Fees payable to the company's auditor in respect of:
All other non-audit services
8.
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 Governance
2021
£
-
-
56,042
-
56,042
2022
£
8,895
1,265
2022
£
2,622,727
241,231
89,756
2,953,714		 Total
funds
2021
£
72,953
141,206
141,199
-
355,358
2021
£
8,470
1,210
2021
£
1,613,810
148,889
70,512
1,833,211

Page 33

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Staff costs (continued)

The average number of persons employed by the company during the year was as follows:

Charitable activities
Fundraising		 2022
No.
85
19
104		 2021
No.
52
13
65

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2022 2021
No. No.
In the band £60,001 - £70,000 3 2
In the band £70,001 - £80,000 1 -
In the band £80,001 - £90,000 1 1

The key management personnel of the charity are the Trustees and the Executive Team.

The pay and benefits (including employer pension contributions) of the Executive Team during the year were £418,846 (2021: £383,568).

The value of services provided by Beat's volunteers has not been incorporated into these financial statements. However, Beat recognises that it could not have achieved everything set out in the Trustees' report had it not been for a dedicated team of volunteers and Ambassadors to help us fundraise, promote awareness, speak to the media and deliver services such as the Helpline, self-help networks and conferences.

No remuneration was paid to any Trustee during the year (2021: £Nil) and no expenses were reimbursed to any Trustee (2021: none).

Page 34

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Tangible fixed assets

Cost or valuation
At 1 April 2021
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
10.
Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 Improvements
to leasehold
property
£
90,476
90,476
41,148
12,319
53,467
37,009
49,328		 Computer
equipment
£
184,415
184,415
183,851
564
184,415
-
564
2022
£
1,317,751
833
1,013,256
2,331,840		 Total
£
274,891
274,891
224,999
12,883
237,882
37,009
49,892
2021
£
466,830
649
435,179
902,658

Page 35

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

11. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April 2021
Resources deferred during the year
Amounts released from previous periods		 2022
£
91,660
351,747
3,117
1,760,134
2,206,658
2022
£
432,945
1,664,924
(432,945)
1,664,924		 2021
£
91,089
110,677
4,994
503,998
710,758
2021
£
190,542
432,945
(190,542)
432,945

Income is deferred where contract income is received upfront but the services are provided over a period of time. The income is released in line with the provision of the agreed services.

12. Creditors: Amounts falling due after more than one year

2022 2021
£ £
Pension scheme deficit 1,426 13,407

Page 36

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Charity funds

Summary of funds - current year

Balance at 1
April 2021
£
General funds
1,364,721
Restricted funds
620,970
1,985,691
Summary of funds - prior year
Balance at
1 April 2020
£
General funds
829,609
Restricted funds
486,412
1,316,021		 Income
£
Expenditure
£
2,849,073
(2,719,148)
2,142,445
(1,824,773)
4,991,518
(4,543,921)
Income
£
Expenditure
£
1,923,075
(1,387,963)
1,492,013
(1,357,455)
3,415,088
(2,745,418)		 Balance at
31 March
2022
£
1,494,646
938,642
2,433,288
Balance at
31 March
2021
£
1,364,721
620,970
1,985,691

Page 37

(A company limited by guarantee)

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Restricted funds - current year

Balance at 1
April 2021
£
Aviva Foundation
-
BOTG - West Midlands
5,000
BBC Children in Need
14,964
City Bridge Trust
46,200
Campaigns
-
Echo Project
2,525
John Ellerman Foundation
15,865
Extended helpline
-
Garfield Weston Foundation
150,000
Health Foundation
2,500
Mels 40th Milestone Balls
13,840
The National Lottery Community Fund
239,153
NHS Lothian
14,899
NHS Norfolk and Waveney CCG
35,127
Northern Ireland Government
-
Scottish Government direct approach
-
Spot the Signs - Ethos
8,931
St James's Place Charitable Foundation
-
Margaret Starkie
-
Department for Digital, Culture, Media and
Sport
-
Vogelgezang Ext Affairs Grant
71,966
Welsh Government
-
620,970		 Income Expenditure
£
£
70,000
-
-
(5,000)
-
(14,964)
210,440
(46,200)
5,000
(5,000)
4,795
(7,320)
-
(15,865)
189,062
(152,507)
-
(75,000)
-
(2,500)
34,308
(12,122)
491,565
(375,124)
33,131
(48,030)
210,000
(196,102)
61,834
-
219,648
(219,648)
-
(8,931)
57,718
(57,718)
12,500
-
483,316
(467,621)
-
(71,966)
59,128
(43,155)
2,142,445
(1,824,773)		 Balance at
31 March
2022
£
70,000
-
-
210,440
-
-
-
36,555
75,000
-
36,026
355,594
-
49,025
61,834
-
-
-
12,500
15,695
-
15,973
938,642

Page 38

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

A description of the significant restricted funds is as follows:

Aviva To provide training to school professionals BOTG (Beat on the Ground) Locality based work covering training, GP and awareness BBC Children in Need Funding to provide online advice and support to children and young people affected by family and friends with an eating disorder City Bridge Trust Locality work in London, covering training, GP and awareness

Department of Health and Social Care Helpline services in England

John Ellerman Foundation Recruiting, training and supporting volunteers Extended helpline Helpline services, including extended opening hours Garfield Weston Foundation Helpline services Health Foundation Helpline services Mels 40th Milestone Best practice campaign

The National Lottery Community Fund Locality based work in Scotland and North East England

NHS Lothian Email support services in Scotland
NHS Norfolk and Waveney CCG Training and support services across East of England
Northern Ireland Government Support services in Northern Ireland
Scottish Government Support services in Scotland
St James's Place Charitable
Foundation Helpline services, including extended opening hours
Department for Digital, Culture,
Media and Sport Support services for sufferers and carers
Vogelgezang Ext Affairs Grant External Affairs derpartment including Policy and Campaigns
Welsh Government Support services in Wales

Page 39

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Restricted funds - prior year

Balance at 1
April 2020
£
Binge Eating Disorder Project
3,843
BOTG - Buckinghamshire
600
BOTG - Rhondda Cynon Taff
1,002
BOTG - Surrey
125
BOTG - Wales
112,116
BOTG - West Midlands
188
BOTG - West Sussex
625
Training of Carers
500
CBT/London Funders
-
CHK Foundation
62,500
BBC Children in Need
14,076
City Bridge Trust
44,713
Department of Health and Social Care
-
Echo Project
10,304
John Ellerman Foundation
18,735
Garfield Weston Foundation
-
Health Foundation
-
Helpline Fund
25,000
Mels 40th Milestone Balls
11,130
The National Lottery Community Fund
-
NHS Lothian
2,023
Norfolk Community Foundation
7,228
The National Lottery Community Fund -
second grant
-
NHS Norfolk and Waveney CCG
-
Scottish Government
-
SCVO Wellbeing Scot Govt
-
Spot The Signs - Ethos
1,857
Vogelgezang Ext Affairs Grant
169,847
Welsh Government
-
486,412		 Income Expenditure
£
£
-
(3,843)
-
(600)
-
(1,002)
-
(125)
-
(112,116)
5,000
(188)
-
(625)
-
(500)
22,021
(22,021)
-
(62,500)
37,069
(36,182)
115,863
(114,376)
90,000
(90,000)
14,595
(22,372)
35,000
(37,870)
150,000
-
30,000
(27,500)
26,508
(51,508)
2,710
-
357,771
(118,618)
24,834
(11,959)
-
(7,228)
451,009
(451,009)
35,127
-
42,963
(42,963)
12,515
(12,515)
8,088
(1,014)
-
(97,881)
30,940
(30,940)
1,492,013
(1,357,455)		 Balance at
31 March
2021
£
-
-
-
-
-
5,000
-
-
-
-
14,963
46,200
-
2,527
15,865
150,000
2,500
-
13,840
239,153
14,898
-
-
35,127
-
-
8,931
71,966
-
620,970

Page 40

(A company limited by guarantee)

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
37,009
Current assets
3,665,721
Creditors due within one year
(2,206,658)
Creditors due in more than one year
(1,426)
Total
1,494,646		 Restricted
funds
2022
£
-
938,642
-
-
938,642		 Total
funds
2022
£
37,009
4,604,363
(2,206,658)
(1,426)
2,433,288

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2021
£
49,892
2,038,994
(710,758)
(13,407)
1,364,721		 Restricted
funds
2021
£
-
620,970
-
-
620,970		 Total
funds
2021
£
49,892
2,659,964
(710,758)
(13,407)
1,985,691

Page 41

(A company limited by guarantee)

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease in stocks
Increase in debtors
Increase in creditors
Decrease in pension provision
Net cash provided by operating activities
16.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
17.
Analysis of changes in net debt
At 1 April
2021
£
Cash at bank and in hand
1,757,306
1,757,306		 2022
£
447,597
12,883
(214)
-
(1,429,182)
1,497,808
(13,889)
515,003
2022
£
2,272,523
2,272,523
Cash flows
£
515,217
515,217		 2021
£
669,670
20,563
(84)
10,715
(194,339)
334,172
(3,203)
837,494
2021
£
1,757,306
1,757,306
At 31 March
2022
£
2,272,523
2,272,523

Page 42

BEAT (FORMERLY EATING DISORDERS ASSOCIATION) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Pension commitments

The charity participates in a multi-employer pension scheme that provides benefits to some 1,300 nonassociated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.

The scheme is subject to the funding legislation outlined in the Pensions Act 2004, which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.

The scheme is classified as a 'last-man standing arrangement'. Therefore the charity is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.

A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows:

£3,312,000 per annum for the period 1 April 2022 to 30 September 2025.

Where the scheme is in deficit, and where the charity has agreed to a deficit funding arrangement, the charity recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The unwinding of the discount of the net present value is recognised as a finance cost.

The present value of the liability at 31 March 2022 is £3,918 (2021: £17,438)

The share of contributions paid to the scheme by the company in the year amounted to £4,413 (2021: £4,284)

Page 43

BEAT (FORMERLY EATING DISORDERS ASSOCIATION)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19. Operating lease commitments

At 31 March 2022 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
119,519
166,394
285,913		 2021
£
113,653
97,460
211,113

The following lease payments have been recognised as an expense in the Statement of financial activities:

2022 2021
£ £
Operating lease rentals 113,653 123,642

20. Related party transactions

Donations from 5 (2021 - 3) of the Trustees during the year totalled £2,463 (2021: £1,752). The Health Foundation, of which David Smart is a Governor, made donations totalling £14,000 (2021: £58,000) in the year. There were no further related party transactions.

Page 44