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REGISTERED NUMBER: 02864349 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FEDERATION OF HOLISTIC THERAPISTS

FEDERATION OF HOLISTIC THERAPISTS (REGISTERED NUMBER: 02864349)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

FEDERATION OF HOLISTIC THERAPISTS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs G A Moore
Mrs M Mason
Mrs J A Hadley
Mrs C Larissey-Mellors
Dr J Johnson
Mr G Groom





SECRETARY: Mrs A Walling





REGISTERED OFFICE: 1st Floor
Chilworth Point
1 Chilworth Road
Southampton
Hampshire
SO16 7JQ





REGISTERED NUMBER: 02864349 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ

FEDERATION OF HOLISTIC THERAPISTS (REGISTERED NUMBER: 02864349)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,039 102,547
Investments 5 1,000 1,000
52,039 103,547

CURRENT ASSETS
Stocks 6 11,785 8,660
Debtors: amounts falling due within one year 7 134,859 119,575
Debtors: amounts falling due after more than
one year

7

5,913

-
Cash at bank and in hand 475,989 501,126
628,546 629,361
CREDITORS
Amounts falling due within one year 8 67,611 163,212
NET CURRENT ASSETS 560,935 466,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,974

569,696

RESERVES
Other reserves 17,582 17,582
Income and expenditure account 595,392 552,114
612,974 569,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mrs J A Hadley - Director


FEDERATION OF HOLISTIC THERAPISTS (REGISTERED NUMBER: 02864349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Federation of Holistic Therapists is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents membership fees, seminars, joining fees, insurance policy commissions and related administration charges, derived from ordinary activities, and is stated net of VAT.

REVENUE RECOGNITION
Revenue is recognised when it is probable that transactions will generate future economic benefits that will flow to the company and revenue can be reliably estimated.

Revenue recognition depends on the nature of the services provided. If the fee permits only membership, and all other services or products are paid for separately, or if there is a separate annual subscription, the fee is recognised as revenue when no significant uncertainty about its collectability exists. If the fee entitles the member to services or publications to be provided during the membership period, or to purchase goods or services at prices lower than those charged to non-members, it is recognised on a basis that reflects the timing, nature and value of the benefits provided.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - Straight line over 7 years
Computer software - 20% on cost
Computer hardware - 33% on cost and 20% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

OPERATING LEASE COMMITMENTS
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company makes contributions into a recognised UK defined contribution scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Obligations for contributions to defined contribution pension schemes are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

SHORT TERM DEBTORS AND CREDITORS
Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance. Any losses arising from impairment are recognised in the income statement in other operating expenses.

INVESTMENTS
The investment in the subsidiary is held at its carrying amount at the last date the asset was reliably measurable, due to not being able to reliably measure the fair value.

FEDERATION OF HOLISTIC THERAPISTS (REGISTERED NUMBER: 02864349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

CASH AND CASH EQUIVALENTS
Cash and short-term deposits included in the Balance Sheet comprise cash in hand and short-term deposits with an original maturity of three months or less.

RESERVES
The Other reserve represents the accumulated profits for the business prior to the date of incorporation. The Income and expenditure account represents accumulated surpluses of income over expenditure arising during the ordinary course of business.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer Computer
machinery fittings software hardware Totals
£    £    £    £    £   
COST
At 1 January 2023 2,320 35,510 198,362 38,158 274,350
Additions - - - 2,463 2,463
Disposals (2,320 ) (17,074 ) - (1,174 ) (20,568 )
At 31 December 2023 - 18,436 198,362 39,447 256,245
DEPRECIATION
At 1 January 2023 1,970 20,291 119,017 30,525 171,803
Charge for year - 3,853 39,672 3,881 47,406
Eliminated on disposal (1,970 ) (10,976 ) - (1,057 ) (14,003 )
At 31 December 2023 - 13,168 158,689 33,349 205,206
NET BOOK VALUE
At 31 December 2023 - 5,268 39,673 6,098 51,039
At 31 December 2022 350 15,219 79,345 7,633 102,547

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 1,000

6. STOCKS
2023 2022
£    £   
Stocks 11,785 8,660

FEDERATION OF HOLISTIC THERAPISTS (REGISTERED NUMBER: 02864349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 2,089 10,637
VAT 7,178 9,452
Prepayments and accrued income 125,592 99,486
134,859 119,575

Amounts falling due after more than one year:
Other debtors 5,913 -

Aggregate amounts 140,772 119,575

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 41,715 140,914
Social security and other taxes 10,976 7,598
Pension control account 3,367 2,970
Other creditors 1,692 4,646
Deferred income 515 405
Accrued expenses 9,346 6,679
67,611 163,212

The company operates a defined contribution pension scheme, the assets of which are held in a separately administered fund. At the balance sheet date amounts due to be paid to the scheme included within liabilities falling due within one year amounted to £3,367 (2022: £2,970).

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 49,380 24,000
Between one and five years 84,947 -
134,327 24,000

10. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

In the event of a winding up of the company, every member undertakes to contribute to the assets of the company, such an amount as may be required not exceeding £1.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FEDERATION OF HOLISTIC THERAPISTS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Federation of Holistic Therapists for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Federation of Holistic Therapists, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Federation of Holistic Therapists and state those matters that we have agreed to state to the Board of Directors of Federation of Holistic Therapists, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Federation of Holistic Therapists and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Federation of Holistic Therapists has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Federation of Holistic Therapists. You consider that Federation of Holistic Therapists is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Federation of Holistic Therapists. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ


Date: .............................................