Docusign EThvekJpe ID.. A71743F6-OOOE47C7-A23F-20E7C233A771 Reglstered Charlty No: l D03023 Company Numb•r. 0259S601 We Change Lives (WCL) TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ADHXUPEO 1411212024 COMPANIES HOUSE A11
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Docu En¥elw ID. A7l743FB-OOOE47C7-A23F.2DE7C3A77l Wg Chang• Llveg (WCLI FINANCIAL STATEMENTS FOR THE YEAR EhlDED 31 PAARCH 2024 PAGE Reforence and Admlnistratlve Detall8 Trustees raport Independent Auditor'$ R•port Statoment of Flnancial Aetivltles 13-14 Balanco Sheet - Con8011dated 15-18 Consolldated Ca8hflow Statement 17 Not•8 to Flnanclal statements 18-36
D¢£uslgn envelope ID A71743F6-OOOE47C7-A23F-2DE7C233A771 We Change LSves IWCL) REFERENCE AND ADMINISTRATIVE OETAILS FOR THE YEAR ENDED 31 MARCH 2024 The tru8lees appjintod 81 the date of approval of this rnport, aThJlor durirwJ the r8POrting peried arè.. Richard Jamgs Gor8AppoIred Chns Howarth Lenka Gaborova lan Hamish Fairbrother Peter Davij Holmes Jani¢• Loffaine VWcherlgy 28 September 2015 Appointed 24 September 2018 Appoint8d 28 March 2022, Resigned 11 ApNI 2024 Appointed 16 40ri12015 4opoinl8d 24 September 2018 poillled 12 December 2012 Company Reglstr•tlon Number.. 02595601 Charlty R•glst8r4d Numb•r'. 1003023 R•gister¢d Offlca.. ndsor House Bayshill Road Chellenham Glouceslershirn GLSO 3AT United Kingdom We Change Live¥ often uses the abbreviation 'WCL'. 11 was formerly known as Warringlon Community Livlng Ilho name was changad to We Chango Lives WCLI on 26 September 20221 Chlef Execut5vg oificer,. Philip Sonnon Indopendent Audltor.. HAzlewoods Windsor House Bayshlll Road Chellenham GIou¢98tershire GL50 3AT Uni18d Kingdom Solicltor•: Bevan 8rittan Kings Orchard 1 Queen Strael Bristol BS2 OHQ Flnan¢i*l Advlgors: Kent Finan¢e I Sunllowers PlUckY Kent TN27 OPD Prlnciple Bank•rn: Barclays Lei¢8Ster LE87 2BB
Otsu8ign En¥8p¢ 10. A71743F6-OOOE47C7-A23F-2DE7C233A771 Wa Chango Lives cLI REFERENCE AND AOMINISTRATIVE OETAILS FOR THE YEAR ENDED 31 MARCH 2024 S•nltyr M4n•gèmont Tgarn: S8r8h Gardn¢f Will Naplèr Fennry Elain¢ Cleary Fiona Carter Clorr8 IIINvJrth Deputy CEO and Head ofCat¢ Chiel Financial Offithryr ICFOI lead 91 Operati¢n•l EXlIefiC* He8d ol People Company S&cMt•ry
Docusign Enwelope ID.. A71743F8-OOOE-47C7-A23F-2DE7C233A771 We Changa Llves IWCL TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees who are also dIred0 of tho Charity for the purposes of the Companies Act 20C6, present report wilhthe financial slalements of the Charily for the year ended 31 March 2024. The Tru51eei have adtspted the provisions ofAccounling and Reporting by Charilies.. Slat8m8nt Df Recommended Prac1 applicable lo charities preparing their a¢counls in a¢¢ordanc8 with the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 laffoCtiv8 1 January 20191. STRUCTURÈ. GOVERNANCE AND MANAGEMENT Status and Charfty Number We Changg Liv*s (WCL} is a Company Limited by Guarantee (Company number.. 02595601 l and a re9isleied hafty (Registered Charily number.. 10030231. Members of the charrty guarantee to contribute an gmounl not exceeding £1 to the 888els of the ehority in th¢ event of winding up. The lolal number of such guarantees 8t 31 March 2024 was srx {2023.'6). The Iruslee$ are rnembefs of the charity, bul this entitles them onty lo voting nghl¥. The Board have no beneficial interest in th ¢hartty. overnlng Doeumént The ggveming documenl of We Change Lives IWCL) Is the Article$ of Associ•tion which were updated approved on 191h July 2023, Relatsd parti•# and 8ubsldlarloS Al the close of Ihe reporling period 31 Mgrch 2024, WCL had four wholty owned Subs13r1eS.' Waing10n Community Living Servke Company Ltd (Company Number.. 109062331 3L Caro Limrted (Company Nurnber.. 71743461 3L Caro Holdings Limiled Icompany Numbar.. 102340391 3L Care Group Limrted (Company Numtef.. 126622091 OrqanhAtlnnal %trurture Board of Trts8tee•'. Tho Board of Trustees adrnini5t8r5 the charity. The board meet Once every three months lo manage the charity's affair8. r&ceiving management accounts and reports from the Chief Executive and Ihe variou5 heads of epartmenl. Rocruitment and appolntment of Iruste•s TTuslees are ¢ruit•d vig an open recwilmenl method wlth Irusl•8 roles b8ing 4dverti8gd on Linkedln 4nd olhar Social media channels and through a racruitmenl agency. The Iruslees are appointed by tho Board of Directors BS 51aled in the Artic5 of Association. The minimum number of Iruslees Is five, the maximum number of truslees is twelve. Th8 trustee¥, who are also directors undor company law, are appointed by drfferenl methods. For all Ihose in post prior10 24 January 2022 tho rnaximum lami is 12 years trom Ihoir orffjinal appoinlmenl. For trustees appointed after 24 January 2022, they are appointed for a tem 013 y8ar5. After each 3-year lem they shall retire from office bul Are eligib18 to be reappointed for a fvrther 3-year lemi with a mAximum of 9 years in total. A Iiuslee who ha8 serv8<J Ihree temis of office may nol be resppoimlod. However, the tem of tsffice ean be extended for a period of on8 additional year if the loss of re skills and expari8nc£ would be detrimentsl lo the chanty. subJ'erA to 75% of the existing truste¢$ agreeing. One trustee resigned in April 2024. The organisation is undertaking a review of Irustee succession planning and 1$ in the proce$$ of recruiting the new twsl88s in the financial year to March 2025. Inductlon and trainlng ol trustees During the reporting period the organisalion onboarded Iruslees using the 'Good Praclice For Directors, 518ndards. The objective of Ihe program is lo support trusiees in thair understanding of Iheir legal oblallOnS under charity and company law, the Conlenl of Arficl8s of Association. the Committee and decision.making processes. the bu$ines$ plan and Cent financial performance of the charity. During their induction period they meet key employees and other Iruste8s. Trustees gr8 encouraged to attend appropriate exlernal training evenl$ wh8r8 these willfacilitatg the undertaking of Iheir role.
ij¢w$ign En¢pe ID. A71743F6-OOQE47C7-A23F-20É7C233A771
W• Change LI8 IWCLI
TRUSTEES. REPORT
FOR THE YEAR ENDEO 31 MARCH 20
Post thè rèponing p8riod1l•1 April 2024 onwards), a r8ww ofthè onboarding prograrn has takeft plèee. To further
SIngthen the approa¢h to onboarding on amended program fvas been drafted Additionally, a tnjstee hanrjbook
is bèing devebpÈd Io $UFPOrt IFJJs1oÈ8 vpon Appobntmtnl and throughoul theiw poIntmen1.
Truslees andlor the Senior Managomenl Tearn attend and supporl a ran9e of k)¢41 $18tkrtory and voluntary sector
lorum$ ieJ8ting its ¢[pE(Pl8. Foopkn wlhlearning disab$, F
Doojsign Envoh)tye ID.. h71743F6OOE-47CT23F-2DE7c283A77l
Wg Change Lives cL>
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Mental Health Residenlial-where indivhluals with complex mental health i55ues are supported wilh
rehabilitalion to rèach and maintain optimum qualrty of life and achieve as much independence and
enjoyment of Iheir lives as possible.
Older People Residenital Car04UPPOrting older p8ople And adults with varfous levels ol leaming,
physical and associated m8ntal health needs lo engage in a healthy and meaningful lifestyle and be
active members of Iheir commullrty in the safely of a shared living environment.
In achievirvJ Ihesg objectives and oims. the Iruslees have identifwd the following $p8cific purposes ¥nd
V*lues".
Organlsational Purp08•
Supporting pe¢)ple lolive their be$1 lifo.
WCL Vl$lon
Thriving Organi8alion, Enriching Lives..
A prOVer of quality life enriching oulslanding support.
A provvjer of 8UPPOrt that is diff8r8nl for every individugl within its care.
An ¢xgani¢ organisalion that is current and adaplable lability t¢ move th the nee
i)W En¥triope10. A71743Fe-000É-47C7.A23F.2DE7C233An1 Wè Chang• L1¥5 cL> TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 A8 part ollhe $trai¢ plan Conce po$t the Gov P8nthic Ihè charlly opled io wand oute ol th8 b¢)wh of Warrinottsn lo the wid&rNorth We$totEngland andto 8pecialr2e tnthreègroups 015erS where rt fek Ilexcepled in $grvtc¢s which speo81iz¢d In the care ol Ihe elderty . resKlents in Supportwe Living aCCOn7mOdaln and indivkuaLs with art Acqu 8rAih Iniuty .The strategic wsion to ¢ontinuousty grow Ispe¢l911ztr in the type of Se1 provth4 fttl lo Ihg $uc&ssfiJl l¢qurtion of '3L Limiied, in Sept8mb6r2Q23 funded by ex+sting cas17 balances and a loan facility provthd ty Unty Trust 8ank PLC IE7 7m deaV£S.7m toat7 wlh £0.8m defered consideratwjnl. 3L consk8ts of 3 h¢yhes one in Atherton (Greater Manchester) ond tsvo irn Wnsfo((I {Ch85hi)Ifvat provvJ¢ Trsthntl818ThY re$prf8 Beryirys loi adults witti AGquftd 8rain Injurie$ IABII. Tttis a¢xtsisition conlnbutes lo btsth chantab(è purpose and the amtrrtion to pro¥Kle care to a geographtslty wlder (ange of seNir users posrfhvety ThCting their Inies. We Ghang8 knv$s NCLI continuas to s•tislathrify operaie the foflowing seThKe$ %vhich are rngislered and regulated by th6 CaTt Quality commi59n ICQCI Bèe Fokl LAnè. Atherton. M46 08L- RegisI8M4 to provkl• 4ccommod•lion ond nurslng ot pernon81 care to 9 wople. aged undgr or over 65 and ¢hikAr•n a9ed 0-18. for treatment of disease, disorder OT injury, learnin9 disabilit5 and physal dtsBbiIrts Ch2p•l Hous. Chapel LAnt, Wnsford. CW7 3AD- Rwistered to provid8 acMMOdatIn and nursing or perion?l re, to 1Q pople undpr 65 physical disabilities andloi lor the tialmenl ol d¢sea$•, digorder or iryury The Old Chapel, Crook Lana, Wnslord. CW7 3DM- Rv6ere to provKd& ac¢omrnodallon 8nd nursing or per80n81 ¢ar8 to 6 peop, ag or ovgr 65 and ehildign aged 0.98. lor Ireatment of dt8ease, disorder or Injury. leaming disabilrt¢e8 4nd physi1 dr$&bilit$ an%1 sèn$•ry irnpalrments. ealhside- Regiatore¢J to providg a¢commodalion and rursing or pers¢no1 ¢0r•, to 37 p8opt•, •g•d 0r 6S andlor with ¢Jem¢nlia Heathsid8 Mews Rogistered lo provide g¢comrnodatn and nurnir9 or pef8on•l care. to 25 peoplvj, aged over or uTrder 65 andlor wilh damentia WestleKJ House - Regi819red lo provKle aCc(ynmodAlD al nurslng QT pgrson41 ¢aw, aged ovli or under 65. with mental heatth conditions Supporled LNing - Regi$letBd lo piovide regulated actlvty persornal care. to adullg aged over and und81 85. with dements"a, leaming disatrililies, phy51C81 di511rties and sensory irnpaimiènls. The number ol opje wuiTrin9 this Jupport BubmitieJ to CQC 8nnu&ty. Th1$ coveFS all Supportèd Livlng prorthe9 in WèiNigion and Chpshir• We$1 gnd C¢sler. And Ih8foNowing seNice which nol wuir•d lo b• le9tred th CQC.. Community M•nlal H8•lth and W•Mbw'ng Team Incoipcf•ting.' . Supportod Housing Nolwoth - a netwtrth of Ilat8 for 57 people olfering level iupport lor •nduilng mental heAllhissiies. C¢Thplex Mental F4eallh . t8 lo one Support for peoph rec¢)verinq Iiom complex m•nt81 h98tth noeds. These seN1$ w•re reduc8d duollg th8 r8portlng pert¢)Y. one servix122 S4ltsOury Street) (emaining. Park House- a thr•9 bedrocan ICfi8iry Housel #ftérnatho option to adms1on to psychkqtTlc hosprt81
Docusign Envelope ID. A71743F6-OOOE47C7A23F_2DE7C233A771 We ¢hange Lives IWCL) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Thè iollowing CQC ratings have not changgd sincÉ 31 It March 2024.. SeThlce CQC rotlng Bee Fohj Chapel Hr)use The Old Chapel Heathside Hgath5ide Mews Weslleigh House Supporled Living Good Good Go1 Good Goc)d Requifes Improvement Good PLANS FOR FUTURE PERIODS WCL will contsnu8 lo look for opportunrties lo expand rt$ sèNico network following the $ucces$ful acquisition ol 3L and the success ol the lendefs for new seNices al Park Drive (Ellesrnere Pl l and Hillock Iwarringlonl Thg eharty continues to focus on financial self-slability lo gen¢rat8 surpluses that will allow the organisation lo achi&ve it strategy f¢r growth and lo providg enhanced fo¢ili15 for residents and service users. This includes consldeiing repurposing ol existing property lo prov*Je new seivic88 that meel loGal aulhorbty $18ndards as well as considering mergers and acquisitions of similar o(ganizalions if they fft from a Caie, safeguardin9, cuttural and mmFJrcial perspedive. In athlrfion, Ihe focus forfvlure development will be around three strategic AmbrtK)n8 for our $8rvites- Supported Living, ResentIal Care Home5 with a focus on Dementia and Services that offer hher18vfrIs ol Accuty includirtg NUTSINJ Care. Inl•rnal Control The Irusleeg ara ultim8lety respon8ible for the Trust's sy81em of internal control and for reviewin9 its effeeline$s. Such 8 sy$lem 1$ designed lo manage rather Ihan eliminate the risk of failu to gchieve the chjrity's business obj8aiws and Can ProVle onty re•sonablo not absolute 98surAnce againsl material misslatemenl or loss, K•y procedures have been eslabllshed, provSding effèctlve Internalfinancial conlrol. These include.. Cl&arty defined lines of responsibility anddal8galKJn. Operation thin approved financial regulaliofis. Budget setting And approval. Rèaul¥r rev ofpwfomancearKI far8eAsis •)ainst the bget approved tyth8 Board, Reporting lo andreview by Ihelwstees on a regular basis. Rlsk Management & Prlnclpl8 Risks and Unc8rtaintle8 The Board of Tru51ee$ a$8e$s risk annually wilh additional operational and financial ri8k a8ses$menl through dèle9alion lo the relevant Committee and to the Finance, Audil & Risk Comrnittee. It overseos Its r8sponsibilty through rts revi8w of the èffectrveness of the charsvs Rtsk Framework. Thi5 framework is designed lo support infoTm8d deci5ion-making regarding the risks that affecl the tharity'5 perfoman¢g and its ability to achieve ils obje¢tives. M8nagemenl of risk is embedded into our day-lo-day a¢tivilies and wellestablishad processes and policies 8re in plaGe lo manage them, All our employees have a role in reducing risk Ihrough our inlemal conlrol framèwork. Risk¥ are recorded in • risk ragisl8r and afft evaluated in lerms of Impact and likelihood. The regisleralso prcvides for a consist1 Approach to K1entifying Éssessing and dealing with the risks facing Ihe charity lo ensure they do not oxceed the level of risk the charity is willing lo assume. The register is d8sgned lo manage, rather than elimifjale, the risks lo the Charty's objectives and lo provide reasonabl8. bul not absolute miligalion of these fisks. The Finance, Audit & Risk Commillee bi-annually rgviews results of Ihe risk reviews undertaken ty manègement and approves an annuAI risk-based int8rnal audit plan which covers the major risks idenlifiel.
0¢n En¥ek)pe IO.. A71743F64rt]OE47C7A23F-20EIC233A771 We Change LIV IWCL TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Oiher risk5 Includ8 cAre and safeguardin9 of re31dents and service users, which Are mitKJat•d with a edated Safeguarding Manager follLW4ing th8 HeaSth and Safety Executive IHSEI guid8nce, slressing the need for risk 5se$sment lo be proportionate and balanced as well as rÉfWing a comrnon 6èn¥e. inta9rate(5 approach tts health and safety. This prolecis our people by pull Ip pla¢e mg8sure$ tts coniral F8alili wk%k$, so far as feastsnably praetKable. GoingConc•rn •nd Reservo8 poIIcy The TTUStee5 ¢onlinuously moniior politiral and e¢onorni¢ outlooks to ensure smooth operats'ons ond prepar8fion for UneXCled risky Under ihe term$ olthe charity's Rex8rves Policy ancs in forming aVW onthe charity's Goin9 Concem, Trusl•e¥ have noied.. The ¢haTlty has a rlsk managem•nl Irarnewoth vthich 18 parale•llY r•viwd and updated aj wisk5 are Klefit. The charily has adequ8le th¥uran Ctsvtr In p14ce to mltigate agawi81 any palentlal intgrrupticns Ih¥l mjy affe¢t Ihe charty. Th other riska 10 the charlEy And tp{Ot¢1$ •teps tak•n to mlllqate aown81 Ihom. The charty's in¥èstmen(g h¥v8 proven r•slInI again8ttheCovid.19pandemic. The charity's housing Incorn0 from re8Klents 1$ secure, vofds are do$•ly monllored anL1 hou81119 demand rernain8 high. The ¢h¥ity bokl8 regerves at o I1 which Y4 81 or 0xod$ the Po#cy detail8 01 ¥thi¢h afe b810w. In developiftg the chiity'a r•seNe8 W'¢y. th• Iwste•s Mve con>threO curi8nt rtliq•lion•, comm+lmenl¥ lo slaN •nd d•v•lopment tsllh• charty, UrtffjstfKtsJ Ivnds 01£4.29n De8iqnated Funds The charitys desnIted lundi total £2,03 milllon. Th18 b•l&nc• vic14td•s th lo11ng k¢y de&yn•tsd aal•ft¢e$.' frkathsth £1.TB4.520 M•jo1 r•p•lrn £80.104.07 For the Period ending 31 March 2024 thg Trust h45 nel curreftt 09$8ts ¢f £4.294.649 with c•sh at bank lotamlng t1,142.305 alng thg rh&rity to cunvert Ihe5e to $h quKkty ond In Ilna wilh thè ¢harty's re$erw poli¢y. 3L Car• Llfflii•d 3L C•w Limrte¢J hos conlinu•d lo prtJrth"i• delfvgrir¥J hlahqualty ¢aFu WVfAryS vthilst rnainl•inin9 finKi41 siablity. Tolal lof th? year wa>£S.12m. rtfleetin9 a 14.4% lrtcrnM• compBr•d tts tho prviou$ flrtanrjal yew, T&1 ¢¥)grots'ng costs for ihe year amourknd to £4.48m. The wnary o1•XperlIUre We.. Cost of sale8 gf £3,02m. Administratsvè •xF¢rt383 of t1.46rn. n tenns ol profrtabilty, Ihe company 8¢hieved an operating profrt of £6cl11.8% 85 re¥tage ol rv¥•nuel ¢ompares to £587k achi8y8d in Inè previgus financial y•ar. 3L Care finiSd the year wilh a nel ra8h baSance of£799k baLanc* 6he8ivthth ènsured adequate IwJuKJty to meet operational need•. Tho compary rgma'ns welj positioned lo adapt to Ihe chamengts that Ihe cam s•cior la¢in9 and the kay arèas of focus are.. Maint8ln offemgs •nd confinuouyty moovts qualty of care. Slrerylhen r8CFUrtmÈnt and relenlKJD Strateg$ lor $twff. EnhatKe operats.onal ¢lfiraency to gn$ur• gusl8inablity.
DocAJsign Envebpè ID.. A71743F6-OOOE-47C7-A23F-2DE7C233A771 W8 Change LIV95 IWCL TRUSTEES, REPORT FOR THE YEAR ENOED 31 MARCH 2024 Dlsclosurn of Infoimatlon toAudltor The Tru$lees hav8J taken steps that they ought to have taken a¥ Trustees In order lo make themselves aware of any relevant audrt InformatM)n and lo establish that the charity's auditor is aware of Ihal information. The Trustees confirm that Ihere is no relevanl informalion that Ihey know ol and of whi¢h (hey know the auditor is unaware. Approvod by order of Ihe membe¥s of th• boafd ol Trustees 8nd Signed on their behaw by Mr R Gotg Dale.. 13112/2024
Do¢u619t) Efivelopelo. A71743F6-QOOE47C7-A23F-2DE7C233A771
We Change Li$ IWCLI
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARGH 2024
WDEPENDEhlT AUDITOR'S REPQRT TO THE MEMBERS
Oplnlon
We h8ve audited the fin4nel81 statements of We Change Lfves (WCLI Ithe parent charitable company) 8nd ils subsidt8rie$
Ithe 'group'l for the yeaf ended 37 Mareh 2024 ssfiich comprise consolte
DSign ETr¥elopo ID. A71743F6-DOOE47C7A23F-2DE7C233A771 W? Change Llves (WCLI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS Matters on whlch we are fequlred to roport by exc8ptlon We have nothing lo POrt in spect of Ihe folbwing matters whare th8 Chaiities Act 2011 requir95 us lo report le you if. in our opiniDn'. th9 infoThnalion given in the financial statements is Incon81518nt in any malerlal respect wrth the Irustee$' report., or sufficient aecounting records have not been kept., Of the financial slal8m8nts are not in agreemenl with Ihe accounting re¢ords.' or we have nol received all the information and explanations we require for our audit. RPOnSIbl11t1es of tru8ts8s As explained more fulty in Ihe trustees, resptsn$ibililig9 Statsmant, the Iruslees are responsible for the prepaialion of the financial slatsments 8rMJ for being salisfied that lttey give a true and fail view, and for such inlemal control a5 Ihe tru3t8es delemiinp is nassary ID enabie the prnp8ralion offinanGial ¥lalem8n15 that are frne from malorial mi8st8lemenl, whglher due lo fraud Or errof. Audito3 r•sponslbllltles for the audlt of the flnanclal •tatement• Our objectiV85 are to obtain wa$onabl8 assurance about whelher the financial 8tatements as a whole a frea from material missialemgnt, whether due lo fraud or error, and Io is8u8 an audilorfs report Ihal includes our opinion. R88sonable assurance is a hKJh 18vel of assurance, bul is not a guarantee thal an audil conducted in accordance WTth ISAS IVKI will aayS detect a material misslalemenl when il exists. Misslalem¢nl$ can arise from fraud or grror and a Consered materi81 if, individually or in the aggregate, they could reasonably l)e expected to Influen the e¢onomic d8cision$ of users 18ken on ltte basi8 of Ihese financial Statements. As part ol an audrt in accordance with ISA8 IUKI, we exercise profe85ional judgment and malnlain professional scepliGism Ihroughoul the audit. We 8190,, Identfy and assags Ihe risks of material ml8slalemenl of the financial 31alements, whelher due to fraud or 8rror, design and perfom aud51 procedures responsive lo those risks, and obtain audit 8vidgnc8 Ihal 1$ $uific*nl and appropriale lo provide a ba516 for our opinion. The ri$k of not detecting * material mis$lalemgnl resulting from fraud is higher than forone resutting from error, as fraud may invofve colluslon, forgery. intentn81 omissions. misfepfe5enlalions, or Iha override of inlemal control. Obtain an und8rstanding of intemal control relevant lo the auéit in order lo de¥gn audrf procedures that ao appropllal8 in the ¢ircumsl¥nces, bul not for Ihe purpose cf expressing an opinicn on the effe¢tivene¥3 of Ihe charity's inl8m81 control. Evaluate the appropriateness of accounllng polick9s used and the reasonabL•n•83 of accounting estimato8 and related disclosures made by the trustees Conclu(Je on the appropriateness oflhe Irusleg9' use of Ihe going conc8rn basis of ¥c¢ounling and, based on the audrt evidence obtained, whether a material uncertainty exists lated lo event5 or conditions that may cast significant doubl on the charity's ability lo continue 88 a going concem. If we conclude that material uncertainly exists, are requlred to dr8W Bttenlion in our audilorf$ report to the relatod disclosures in the financial statements or, If such disclosures are inadequate. to modfy our opinion. Our conclusion8 are basad on thè audrt evpJence obtained up to the date of our auditor'5 report, Howev8r, futu events 01 conditions may cause the charily lo 08 lo Gonlinue as a going concem. Evaluale the over811 presentation, s1ructu and conl8nl ol the fin8ncial stalemenls. including the disclosures, and whether the financial statements represent tha undertying Iransaction5 and events in mannei that achieves fair presentation. Obtain suffich?nl appropriate audit evidence regardino th8 financial infomalion of the entities or business aclivitie5 within the ¢harity to &xpre¥s an opinion on the financial statemen15. We are responsible lor the di19. Supervision #n¢J perfomianca of the charty's audll. We remain solety iosponslble for our audit opinion. We coffjmuni¢ate with those charged with govemanra regarding, among other msllers. the plannod 5copo and liming of the audit and significant awjil findings, including any snIfiCant defi¢ignci8s in internal control thal wa antify during our audil.
DrKusign En¥eiope ID. A71742F6.oOOE.47C7A23F-2DE7C2A77l W• ChaThJ¢ Llves IWCLI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2Q24 INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS Extent to whlch tho auditwas considered eapablè of detOGllny Irre9arItkns, Inrludlrtg fraud Owirg to the inherent Iwnrtalions or an audit, there is an unavoatrIe ii$k thaf material rnv451atements in financial stalemènts may not be dote¢¢ed, even though tha audrt is Pfoper(y plaAned and rf0m7éd In ac¢ordaNce with th? ISA'S IUK}. In entIfyIng and assessing risks tslmatenal mts-$talemenl In f95pecl olfraud. Including irTegu1aritie$ and Tr)nMpliaNctt with laws and regulation5. our proc•du¥es induded ihe folowthng.. W8 et)tained an understanding of th? legal aDd regulalory Ir#m•work8 appllcable lo th• Group and clarbtablg company's financial ststements or thai had a fvndarn¢nl effe¥t 00 ihe comp8ny's f4)•ratN)rbS. We detemiuied that the most significant laws ond r6gulations inBluded UK GAAP, UK C(npaniès Act 20Ce apd laxatioTh law5. We undèrstoryj how the company is comptyiDg with those legal and regul8tory framewo5 by making sNquiri?$ ol monaggment, Ihosg respon¥Ie for k9al and ¢omplwnce procedre&. We A$SLtys$ed lle su5ceplibility ol the company's financial Nlalementi io maledal rnis$tatement. including hr fraud might Auth't proc•dura8 pgrformtd by the •nga9gment laam includod. gdenlitying gnd 998989in9 Iho deyign 9ftgCty'¥8p)0s$ of controls mono9•m•nl lJa¥ in pLge to prevent and detect liaud, Vnd&rsl¥ndin9 how Ihose chw9ed wtlh governanc• consKSeTed ond gd¢Jressed Ihg polonlial for override of ¢onirols oroiher KTappropriale Muence ovwthe financialr8portin9 process. Dptai analy8ii oljouinèls po318d through the 4ccountlng System during thts year to 31 March 2024 hos und8rtak8n,' UTrYerst4ndinq the controls in W8ce to pwv8nl doiod fr•ud. Reliance was not piaced on eonlrob for t 8nh"r•ty of ttte ¥udit, fft61¢ad takiny a subSh11¥8 tsillnq 8ppro•ch, hOVer ¢ontrtsls were in plac8 to prgveni fraud. Ind they appear lo effectively.. Ch•llenglng assumption¥ and judqemeffto made I>y m8n•gament In It$ $4nlficant &ccountlTrJ ¢$ilm&tès. ol Our rei)ort This repDrt 1$ m8de $o16ty to th• GrDUPS and chArIlab cornpany's Iwstees. as a body, irn ace4)rdarce with th8 Charits Acl 2011. Our g¥dit work has be•n UnL1értakèn $0 thai we might slale lo Iht Iw31ee$ those matters we ara requirèd to stale lo Ihem io an 4udiiors' rewjrt and lor no other purpo. To th ful$1 extent pormitted by Igw. we do not occepl or 4$6uma regpon$ibility to anyone othar ltran the charily and the ch4nty'6 trusleeg 08 a body, for our audtt work, lor th4B r¥port, or lor lh• ¢plniors we haye formed. Martin (Strnior StalJtory Audrtor) For ana on b•hall of Haikwotras LLP. Sl8t¥rtory Auditor Windsor Hous• Bay$hill Road Cheltenham GL50 3AT 13112/2024 Dalts.. 12
Docusign Envekjpe ID.. A71743F6-0OQE-47C7-3F-2DE7C233A77l We Changè Llves IWCLI STA TEMENT OF FINANCIAL ACTIVITIES - CONSOLIDATEO THE YEAR ENDED 31 MARCH 2024 Unrostrlcted funds Restrlcted funds Total funds 2024 ToL•l fund8 2023 INCOME Incom• from: Donations and 8c7S Charitable activities Investments Other incomo 52,719 9,278,228 5.306 1S8.831 52.719 9,278,228 5,3L 158,831 51,7B6 5.831,703 30,312 3,756 Total Incom• 9,495.084 9,495,084 5,917,557 Èxp•ndltur• on: CharSlablg 8clivities 9,369,468 9,369,468 6, 195,335 Total •xpendlture 9,369,468 9,369.468 6. 195,335 Nel gainslllossesl on investsnenls Corporation lax charge 124,5021 Not movgm•nt in ltsndj 125.617 125.617 1302.280) Meconclllatlon In fund# Total funds brought lo81 Nel movement in funds 4,169,032 125,617 4,169.032 125,617 4.471,312 1302.2801 Yotal fund• c•rrl•d forward 4,294.649 4,294,649 4,169,032 The nole5 on pages 16 10 33 form part of these financial stslornents. 13
0u$lfi Envel¢Pe10.. AT1743Fe.OQOE-4TCTA23F-2DEfc233AT71 We Change Llyes (WCL STATEMENT OF FINANCIAL ACTIVITIES- COMPANY THE YEAR ENDED 31 PJJARCH 2024 Unr•strbGted lund$ Ro¥trlcted funds T)t•l fund¥ 2024 Total funds 2023 INCOME In¢om? from.. Oon81ty)ns and gac# 889,318 6,347,964 5.306 158,409 889,318 6,347,964 51.786 5.631,703 30.312 3.756 Inv•stsn8nts other iThcomo 158.409 Totsi In¢om• 7,400,997 7,400,997 5.917,557 Exp•ndltur¢ on-. Ch•rtt4bte acl6¥it 6,762.932 6,762,932 8, 195.335 Total •xp•ndttur• 6,762.932 6,762,932 6, 195,335 Nel q#ins/<lo$sesl ort lrnveslmen18 {24,502) Net mov•ment In fund• 838,065 OJ8,065 {302,2801 RKonclll•tlon In tunds Total fund¥ brought fonyard M0M•t In funds 4.169,032 638.C65 4, 169,032 638,065 4.47J.312 1302,2801 Total lunds urrknd forwanl 4,807,097 4,807,097 4,169,032 The noie$ on pages 16 to 33 form part Glthese financwl ststements. 14
Dwsion Envelopè ID". A71743F6-OOOE-47C7-A23F-2DE7C233A771 Wo Chang• Lives (WCLI BALANCE SHEET- CONSOLIDATED AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS Intangible assets Tangible assets Investments 10 11 12 4.964,147 4. 172,295 2,117,848 319,th)9 Total fixed a8$•ts 9, 136.442 2,436,857 CURRENT ASSETS Debtors Cash at bank in hand 13 1,353.493 1,142,305 431,013 1,731,255 2,495,798 2,162,268 CREDITORS Amounlg fallin9 due within ona y•8r 14 12,271,145) 1416,8341 NET CURRENT {LIABILITIESI I ASSETS 224,653 1.745.434 TOTAL ASSETS LESS CURRENT LIABILITIES 9,361,095 4,182,291 CREDITORS Amounts falling due after more than r)ne year 15 15,052,750) {13,259) Deferr•d tax 113,6961 TOTAL NET ASSETS 4,294,649 4.169,032 CHAftI FUNDS Rg$lncted lund$ Unreslricled fund8 08sign8led funeJ$ General funds R8valualion reservo 16 16 2,032.548 2,223,153 38.950 2,032.546 2.097.538 38.950 rotal funds 4.294.649 4.169,032 13/12/2024 Approved bythe Board forissue on............................ RGor¢ Tru$t•e The notes on p898s 16 10 33 form part oflhese financial stalemenls. 15
Do19 Envelope ID" A71743F600E4Tc7-A2aF.20E7C2J3A771 W¢ Changè LIv4s (IVCLI COMPANY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS rangle asBel8 Inve5tm¥n15 2,086,T92 7.242.807 2,117.848 319.009 12 Total fixed th• 9.329,599 2,436,857 CURRENT ASSETS Debtorj Casts al bank #nd in hond 13 2,C4J7.171 343,341 431,013 1,ni.255 2,350,512 2, 162,266 CREDITORS Amounts fallln9 du• wllhin gn8 yeor 14 11,820.2641 1416.8341 NET CURRENT ILIABILITIESI I ASSETS 530,248 1,745,434 TOTAL ASSÈTS LESS CURRE14T LIABILITIE8 9.859.847 4, 182,291 CREDITOR8 Amtsunts f¥lPino du? 8ft•r more than one ya•r 15 15.052.750) 113.2591 TOTAL NET ASSETS 4,807.087 4,169,032 ¢HAPJTY FUND3 Reslricled fvnds Unrastriclod thJnd¥ D¢signated funds G*neral lund$ Rovaluabon reJ8ry• 16 2,032,546 2.735.801 38,950 2,032,546 2.097.S36 38.950 Tot41 unr¢8trtded fvnd8 4,8Q7,Q97 4,1fj9,032 Total lund• 4,807.097 4,169,032 13/1212024 Approw•d by the Board fw is& on.. .. .... Tnpstg• The not9¥ on pay¥s 16 tD 33 forn part oythese ffinan¢ial ststements. 16
Docu&gn Efivèlope ID.. A71743F6-000È-47C7-A23F-2DE7¢233A771 We Chang¢ Llves IWCLI CONSOUDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash used In operatlng actlvltlas Nèl cash provided by operating aclivities 17 504,117 {378,335) C•sh Ilovfy from InvwJtOng actlvltles Purcha58 of tangible fixed as5els Aequisilion of subsidiaries Inel of cash acquiredl (117,C621 16,168,252) 162.3D41 Cash used In In¥¢stlng Activiti0$ {6.285,3141 162,3LMI Cash flovrt from flnanclng actlvltl•s Repaym&nis of bank borrowings Advance Dt bank loans Debl costs paKI Hlre purchase payments (346,1931 5.700,0 (143,94Ql {17,6801 117,6801 N•t ¢a•h provlded by I (used Inl In flnanclng actlvltl•s 5,192,187 117.6801 Chango in ¢o$h and cash •qulvalents In the y•ar 1588.9501 1458,3191 Cash and oosh equivalent$ brought fopward 1.731.255 2,189,574 Totsl ca8h and cash •qulval8ntB rried forward 18 1.142,306 1,731,255 The notes on pag85 16 10 33 fomi part of Ihtrae financial slakments. 17
00cu9n Etwekjpe ID A71743F64100É47C7A23F_2DE7C233A771 W• Change LlY•s IWCL} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNnNG POLICIES Company glatug The Charilabk8 comp8ny is Inited by guaTanleo and has no sbaro cay'tal. The h8bilAy of each member in Ih tyvpnl ol win¢Jsng up ig lirnitBd to £10. The rornpany is $ubJ'¢t to the requirements ofthe CL¥rpaniesAcl 2006 with re9ards to thè lomi anrj Content ol the financial 61alèmenls. The 8ddreg8 91 ils reglslerad Offi by 9iven in Ihg Repod of Ihe Trust8eg. The gccounts are prepared on a goin9 concern bAsls under the Ai$lDrical cost converntion. Tho flnancial 8tJternent$ are prgp?red in Pounds Stgrllng, which15 Iha funclional curren¢y tsf the Charrty The sKJnifunt accounling policie$ applied Ki ihe piparaiion of Ihes• finartcial slatamanl$ ar8 $el oul hlow. The¥8 policw havè be•n con$l¥¢entty ¥ppI lo •ll years presented. Un89 Olhery¥sie staled. B1 ol p(tIOn ol Ilfi•n¢l•l 8atem•nt• The financlal st8tement$ have been pr?p•red In aocor¢ance With the Choritie$ SORP IFRS 1021- Accounting ond Rtporling by ¢haritiFJJ". 81Otemont of Ré¢omm•n¢Jed PractiCAP applicab Ic charlties pr•paring their account$ in accordanc¢ with th• Financial Reperting Standard applicable in th8 UK and Republ ol Iraiand IFRS 1021 (effective 1 JAnuary 20191, Ihe Finan¢181 Reportlng Standard opplicable in the UK and Republic ol Ir•land (FR$ 1021 and the C(Mw8n$ Aei 2006. Wo Chan9e Llves IWCLI m•els Ihg definllion of 8 publlc benefit èntity undér FRS 102. A55eis and li8bilrties are inilially r•¢egni$ed al hisl¢rial cosi or tr8n$8dion value un1033 OtheNise staled in the relovanl accounting policy. The Con501idated Statem¢nt of Finanal A¢tivitS ISOFAI and Con$olKlaled Balanc• She1 ¢on80lidated Ihe linancial ¥latements of the Charily ond It8 subs13ry und?t1akings. Tho rgsuM& ol tho lubSl&e& ar conjelidaled on • line by lin8 balis. Golng con¢em The Truslaes have 8 r8ason8b1e eXwCtAtn Ihal Charlty has Adequato rn50urceJ lo coniinue in operaticnal existence brthe fore$eeab future. For l¢NJ i¥m financo the charity rel$ on bank loans, as dls¢knsed In notès 10 t8 financial 5tatmon15. In asBeBsing goirg concem tho Truytee$ hav8 8s¥ume¢J that thBs8 b8nk loans will wl tse repai¢ for lh• for0s•eal futuro lin ling with the swjned bank loan agreement) and 8re noi aware of any circumstan¢e$ that may adversely affect Ihe ren0wal of these faeA5itie$. Th• factors conskjered by Ine Tru$le•s 8re docurnented in more detail wrthin th¢ frusiaes reporf. The Trustee$ ¢onsKler that there are no malerlBI UnCrtainl185 over the Charity's fin8nrial vrdbilily and, actnrdingty. to adopt tho 90ing concem basil of Bcceunting In pp4ng the annual financial slatefflenl$. Fund •c¢ountSng Fund$ he by Ihe chatft8blè cofflpany af• èitti8f'. unrestricted general n9. which are availab lor u$8 al Ihe distrelion ol Ibe TTv3laes in lurthèrante of the gèneral oty'gctlvgs ol the Charity •nd whh have noi been de8NJn8ted lor olher purposes.. or Unreslrict•d d¢5wn4t¢d funds, thal Thave begn sel 83ide by th¢ Tru¥tees for particulaf purp¢se$ Tha aim and u$e of ea¢h desynated fund ore yel out in the notes to the financial slal•menls,' oi Restricted funds, which are donalions or 9a¢S wher¥ Ihe donor has sp8¢ffpd us sobty for particular areas DI the Charty'5 work or for projp¢ts undertaken. The speryfi T•$trittK)n on eath fund k8 sel oul in the financial 5talemenls. 18
Dowsion Envek)pe 10.. A71743F6.OOQE-47C7-A23F.2DE7C233A771 We Change Lives IWCLI NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES l¢ontlnued) Incomlng resources All in¢ome 15 recognised once the Charity hgs enlillement lo th8 income, il Is Probable that ltte income will be recgwed and Ihe amount of income receivable Gan be measured liably. erè income ha8 relate(l expenditure la5 with fundraising or conlrart income), the income and lated expenditure are reported 9ross in the Statement of Financial ActbviI$. Donalions and grants are rècognised when receivable. In the even that a donation 15 subje( lo fullillin9 perfomance condilions before the Charty is entitled lo the fund5, the in¢ome is deferred and ntst recognised until il is probably that those condilions will be fulfill¢d in the r8POrting period. Income from NHS conlracl8. go¥ernment and trlher gran18, whether 'capita' grants or 'revenue' gran1$, aro rÈ¢ognised when thè Charity has entillemenl to the funés, any perfornanGe Conditions allached to the grants have been mel, ic is probable that the income will be re¢eived and the amounl can be measured reliabty an is n¢1 deferred. Other incomg ¢onsi8t5 of resident monies and appoinloe'$ monltss received for monrtoring and advoing on règidenl $pend8 during thè year, Renlal in¢ome Is rncognlsed in tho poriod lo which Trl olales, RMour¢es oXPgnd•d Expendilurelg account8d lor as chaiitable activities being th& provislon of ca. Wtthln provi5Ion of care. 819 are allocated been direGI provision of care Costs and support cost8. The irrecoverable element of Vglue Added Tax b in¢luded wllh the item of exp8n5e lo which il relates. Depreciation is allocated lo expendilur headlngs on tho basi5 of Ihe use of the assets concernod. Govern•nce costs include cost of con81ilullon81 and slatulory requirem•nls, cost of Truste• meetings and the cost of anylggal advice to the Truslèas on gornanCe or conslitulion•l mJttgrs and are included within support CDSI8. Support ¢08ts include central functions ond have been allocated lo aGtivrty ¢081 calegones on a basis consislenl with the use of resources. for example, alloting property costs by floor areas or p•r upita, staff costs by the time s1 and other costs by their usag•. Costs of raising funds gre costs payable lo Ihlrd p8rty inve$lm•nt managen that manage the Charity's Inv8slmenl portfolio. Government grants Gran15 from govemmenl bod48s Are revlewed for speciffle project8lcosls and are recognised In accordance wilh their indivKlual terms and condrtions. Incoffle is recognised %thgn Ihe Charity has enlitlemenl lo the funds which 18 whan any perf0rnan condrtions alla¢hed are mel, li is probable Ihal the in¢omg will be received. 8nd tha amount can t¢ reliably measured. Grant inwne will be deferred rf r8c8ived in advance of meeting perforrnane8 conditions or if Ihe fvnder $pecificalty stoles Ihal the income musl b8 8p6nt in 8 future accounllng period. T•xatlon The Company is an Exempt Charity within the meaning of Schedule 2 of the Charrties Act 1993 and a5 such is a charily within the meaning of Saction 519 of th8 Income Tax Act 2Q07 Ifomerly Section 5C£{11 of the Taxes Act 19861. Accordingty. the company is potentially exempl ffom laxalion in SpeCt of tncc4me or capital gains roceived within calegowies coveied by Section 524 of Ihe Inme Tax Act 2007 {fomierly Section 505 of the Taxe$ Act 19881 or Section 256 ofthe Taxation of Chargeable Gains Tax 1992 to the exlent Ihal such income or gains are applied to exclusively charitable puvposes. 19
D¥19 En8pe ID. A71743F6-OOOE47C7-A23F-2DE7C233A771 W? Change Llyes IWCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {contlnu•dl Tanglble Ilx•d assets and dgpr8cFatloft Tangible fixed a55ets are slab# at cost les8 d¢pre¢i•tlon. Depreciatb)n is provided al rotes calculated lo write off the cost of lfve Tr assets. kss théir fystimated rgSKlual value, 0¥gr their expected useful 1Sves In Ihe Ilowing ba8es". Fhold propety Long.term leasehokj property Motor vehicles Fixtures and fittin9¥ Improvofftont8 to propaty StraKJhl line 18- 50 years 2.10 of cost per 8rnum Straighl line betwean 4 . 5 year5 straighl lirne befvll 3 - 6 years 5% 01 cosl per annum and straAt lifte ov&1 5 y88rs The need lor any palMient tsf $ fix•d a$s¢l wnte4owrt is considefed rf there 18 conc•rr over the carryitsg value of #n asset and is asse88td by comparing that Carrying v41uè 8gain5t the value in u$È or re•li5able value of the 8$set wh•n appropriaie. In the 19905, Ihe charity rec?•vod a grant 01 £327,975 19 8cquire two PfOFerties. The 9r¥nt wa5 $1} lo10981 ehar9as slating th&t should the properlias be subject to a ¢hang¢ ir u$¢ oi dl$po$AI llon th? donor would be trfititd lo Ihe open market value of the Propertie5. Given Ihe kgal char9es plac£d on the prorArties, the grant Income wa& netted off the purchase price ol the prop8rtkq$ al the time and has not be6n Trised in the 8¢¢ount¥. The grarbt r•co9nisod Ihe ftsll pUhas¢ price of the prr)pOth'0b. Inv••tm•n Fix•d •i¥•t inv•8tm•nt• 8r• Included at martet v•lue at the Balan¢• Shlel D•lg, Gain$ and losses repreBenl tho mowmanl in m+1 valu8s tyear4d are credtsd ofch4rg•d to th? Siat?rnent ol Finoncial Activi5. Unll$ted inve8kn•nlB •rt ahfhvn •i ¢08t unle¥1 Ihore is o wmian•nl d1m1nuln In valu•, Op•rntlng Renials applicable to oper•tin9 lea3os whefe substantl41ty 011 of Ihp bonefrts and risk ol own•r3nip remain wrt the lessor afè charged to the Sta¢am•rnt ¢1 Financi•l Activities on a slra¥hl.Ibnè basis ovei the term. Ca4h •nd cash •qul¥a¥•nts C48h and ¢88h ¥qUiVAlonls eAJmprise cash in hand and deposits with finan¢ièl in3trtution8. D•btoYs Tradg. othgr deblorn and a¢crn•il Incorne are Tecogwied li tha $&tt18m8ni AMOnI du•, and pmpoymènls 8r valued 4t th amounl prepaid. redltor¥ CditO are fecognised where the Charity h4s a present ob+u8tiort resulti9 from 8 Past èvenl that wdl probably rtsull in th& tran51er of lunds lo a Ihird paty and tho amount dfft lo settle th8 pb1199tTh can be rneasured fjr •stirnated rel18b. Trad¢ eredilors. taxation Bnd ¥la1 Security, w8995 and $alai*8. Other crtdAors 8Tr0 accruals are revJ9nisod at their settk8ment arrount. Bank loans are rneogrnised at amortised cost sing the effe¢iive inleo61 rnethod. +ftstrum•Trts Th? Charity only has financial assets and financial liabili1# of a kind Inat qualify as basic financial inslrurnenls. thes• 1n9 at bank. debtor5. credrtOTS and loan$_ All inveslments held by the Chanty alsts qJalfy as basic rinancial instrvmenls. 20
Docusign Envelope ID.. A71743F6.OOOE47C7-A23F.2DE7C233A771 We Chang8 Lives IWCL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Iconlnuedl Penslon costs The Charity operates a defined ¢ontribuliDn pension scheme, ond the ponsion charge represents the amounl payable by the Charity lo th8 fund in respect of the year. CrftIGal accountlng •stimates and argas of judgement Preparation of the finaneial statements requires managemant to consider making signrficanl judgemenls and estimates wherg necessary. The areag in which 5ignifie4nl judg8menls and estimations have been ma¢J• comprise of depClaI10n and the recoverability of deblofs, and investment property valuation. Useful e¢onomlc Ilv8s of tangible fixed as50ts The annual dapr8ciation charge for tangible fixed asset¥ is sensitive lo ¢hangg9 in the eslimaled useftjl eccinomic lives and reg*Jual valijes of the a3$0ts. The useful e¢onomic lives And residual values are amended when necessary to reflect current estimates and the physical condition of th8 assots, Imp8innont ofdebtors The Gharity makes an eslimalg of irado debltsrs and other debtors. Vvhen assessing the ffnpairmerit of trade d¢bl¢rs and other debtors, manag8menl Considers factor8 including the current credii rating of th8 debtor, Ihe ageing profile of debtors And hisloricAI experience. Allocation of Gosls The alkncalion of expenditure befv4een direcl arKI support actNilies invo¢ve5 an element of ludgemenl and eslimales, particularly in res¢1 of shared costs. INCOME FROM DONATIONS AND LEGACIES Group Unre8trlct8d funds Tolal funds 2024 Total fund¥ 2023 Donatlons Donaliony from $ub5idiary company Supporting people funding 52,719 52,719 51.786 Total 2024 52,719 S2,719 51,786 Charity Unrgstrlctod funds Total funds 2024 Total funds 2023 Donation$ Donations from gubsidiary cornpgny Granls 836,599 52,719 836,599 52.719 51.786 Total 2024 889.318 889.318 51.786 21
EllYeknpe10. A71743F64klOE.47C7.A23F.20E7C233A777 We Chartg¢ Llv•J IWCLI IKITES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incfjme from ¢h•rltablo •Ctl¥ido$ Group 2024 2023 So¢ial Serv5 funding Sell lurwJ¢d re?¥Jgnts Rental Inccthe 8,205,178 769,934 303,116 4,756.e68 718.232 356.803 9,278,228 5.831.703 Provision ¢1 e•re was unmsirfoed durfng this Ihe prior year. Charlty 2024 2023 Soclal servlces lundlrtg Solf funded fe$ident$ CaT• and lauTrdry income Rental Income 5.296.495 748,353 4.756.868 718,232 18881 357,691 303,118 6,347,964 8,831,703 Provisron of cgre w84 unr•Jlri&ed dufino this and tha priory•gr. INVESTMENT INCOME Group and Charlty Tot T*x41 lund8 lund• 2024 2023 D•po¥il ¥c¢ount in¢om¢ 5,306 30,312 5,306 30,312 OTHER INCOME Th8 anatysis of the Charty'$ olhor income lor the year 13 a5 l0llow5'. Group •nd Chorlty Totsl Total fund$ fvnd$ 2024 2Q23 Other h¢om¢ 158.409 3,756 158.409 3.756 22
tlowsign En¥ekn ID.. A71743F6.OOOE.47C7.A23F.20E7C233A771 We change Lives IWCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDITURE BY ACTIVITY Group Unrastrleted lund$ 2024 Tot•1 Total 2024 2023 Oirecl cosls Support 819 Governance costs 7,826.893 967,086 575,489 7,826,893 $7.086 575,489 4.8%,993 897,350 440,992 Total 9,369,468 9,369.468 6,195,335 Charlty Unfestrictsd lurrds 2024 RKtrlcted fund8 2024 Total Tot•1 2024 2D23 Direct costs Supporl co$1$ Govemance ¢osls 5,323,876 933,946 505,110 5,323,876 4.8S6,993 933.946 897,350 505,1.10•440.,g92 Totsl 6,762,932 6,762,932 6,195.335 23
En¥ebpe ID.. A71743F8.OOOE.47C7.A23F.2DE7C23Y%771 W• Change Llves {WCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDÉD $1 MARCH 2024 Analysls of diroct cost• Group 2034 2023 Wages and salaries Sotyal $ecuHty Pensi¢)ns Rent and rates Ligm and heat Telephone Postage and Stationery Sundry •xpensas F¢od Jnd provisi¢n$ edal and cliniul eosts Transport cost$ RÈcwilm6nt exp•n8B8 Trainin9 costs Flepairs ond r•n•w)l• Cleanin9 Regigtratiorn co$t8 TiavelliThg Private tr•alth D¢pr$cio1ioTh VAT reeovefed AmLx1isalion ol qoodwlll 6.018.792 308,886 132.888 73.845 181.261 15.424 5,165 10.598 259,358 83.508 13,400 68,230 31.222 239,569 19.986 24.152 11521 3.893.698 224.628 107.604 31.842 65.485 17,158 599 19,402 513,702 67,283 60,722 24,762 184,299 14,792 14,485 676 774 17,952 142.8881 63,46B 307.S14 7,626.893 4,856,993 An•ly•l¥ of ¥upptsrt costs 2024 2023 Wages R¢nt ond r4tss In5UTènce Tèlephon• Postage an¢ $t•tlon¢ry Training eosts Cgmputer c95ts Regislraii¢n ¢o$ts Payroll feas Deprècialion eank tharqe5 328,904 231,866 88,155 13.710 1.612 219.472 139,964 9.321 1,799 38.057 148.073 7,173 94.912 8,904 3.683 123,492 2,111 118,823 2a4.403 967.086 897.350 24
Docusign Envelope ID.. A71743F6-OOOE47C7-A23F-2DE7C233A771 Wo ¢hange Lives IWCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of governance costs Group 2024 2023 Legal and Pff)fessional tse$ Audrtors, remungralion Audilors, muneralion for non-audil work Pension adminislration fees Advocacy Ex¢gplional costs 452,602 13,000 4,000 6.598 2,000 96,689 236,932 21,010 4.250 6,901 1,820 170.079 575,489 440,992 Anolysl8 of dlrgct costs Charlty 2024 2023 Wages and salari Social securrty Pensions Rent and rates Lighl and haat Talephone Post8g8 and slalionery Sundry expenses Food and provisions Medical and cliniul ¢9818 Tran8pori costs Recrullmenl expgnses Trainin9 costs Repairs and renewal$ Cbaning Regi8tralion costs Travelllng Private health Depreci81ion VAT re¢overed 4,274.161 213,194 112,712 43.413 54,132 11,705 1,071 10,598 187,318 68,634 8,777 68,230 31,222 189,263 8,844 18,315 1152 3,893,698 224,826 107.804 31,842 65,485 17,158 599 19,402 513.702 67,283 60,722 24,762 184,299 14.792 14.485 676 774 17,952 142,8681 22,438 5,323,876 4.856.993 25
09n En¥elw ID. A71743F8-oor)E47C7_A23F_2DE7C233A771 W• Change Llvts IWCL) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 support eoBis Charfty 2024 Waoes Renl and rat¢s lThsuranc¢ Telèphone Postage and 51ati¢Nrery Training c95ts Compuier costs Rggistiation co$ts Payroll f$$ Depffjciation Bank char95 32B,904 231,866 88,155 13,710 1,612 219.472 115,060 5.603 1.799 34,195 147.418 7,173 94,912 s.4 3.683 123.492 2,111 118,823 284,403 933,946 97,350 An•ly•tg of gwgrnanc• Costs Chrlty 2024 2023 Legal and professioftal fe Audllors, remunerallo Auditors, rernun¢ralion for non-audil work Pension 4dmlnislr&tKJn l•es Advocacy Excepllonèl c06ts 400,749 13.ofjj 4,000 6,998 2.10 78.362 236,932 2f.010 4,250 6,901 1,820 170.079 XIS,I to 440.992 TAXATION The cornpany ts a wistored charity and Vd therefo enlftled to tax exemptions on all its income aTrd gains, property applled for ffs ¢h4rifablè purpo$es. It does h¢Jwov8r lay• an iffleorporated 8¢Jbsldlary, 3L Cqre Limrted, WTlh 8 ¢orpor8lion tax charge lor the y¢af. 11 not induded in thè wnjoltdated accounts due to rt beiftg a pre •CqUisttbn liabllty. Group EMPLOYMENT COSTS 2024 2023 Wages and salaries Social security ctsst8 Ccnlributlon to d•fined coninbution pensiorn sth¢m¢s 5.596,722 308,886 132,668 4,179,429 224,626 107.604 6,038.276 4,511,659 26
D¢sIgn EnlOpe ID.. A71743F8.OOOE47C7A23F.2DE7C233A771 Change Lives (WCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charfty 2024 2023 Wages and salaries Se¢ial security costs Conlribulitsn to defined contiibutiDn pension 5¢hemes 3,793,388 213,194 112,712 4,179,429 224.626 107,604 4,119,294 4.511,659 The average number of persons employed by the Group dunng the year was as loll¢)W8'. 2024 No. 2023 Head oifir Direct staff 12 277 14 174 289 188 The average number ¢f per8cn8 employed by th8 Charlly during the year wes a$ follows.. 2024 No. 2023 No. Head office Dired 4laff 12 178 14 174 190 188 The number of employees in the Group 8nd Company whose employee benefilg exc88ded £60.CW was: 2024 No. 2023 No. £60,001- £70,000 £70,001-£80.000 É80,CQ1- £90,000 £90,001- £1C(J,000 £1.1)00 - £110,000 The key monagemenl personnel of the Charity comprise the Senior Management Team and Ihe Company Secretary. The lotal rtrnuneration paid in respecl of Ihe ¢harity'¥ key management personnel was £215,36912023- £451,962), There were £nil {2023- £nill radundancy paymenls made by the charity during the year. The group made £31,417 12023- £nil) of redunijancy payments. TOTAL REMUNERATION PAID BY THE GROUP AND COMPANY During the year. no Trustees ceiVed any remunerath)n or other beneff(s12023 - £Nill. During the ygar ended 31 March 2024, expensgs lotalling £nil wer9 reimbursed or pahj directly (2022- £781 27
u$l9n EthveL¢w ID. A71743F64)OOE47C7-A23F-2DE7C233A771 We Change Lives IWCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 io INTANG18LE FIXED ASSETS. ¥nd BUSINESS COM8111A TIOIIS Group Qoodwlll Co¥l At 1 April 2023 Additions 5.271,659 Al 31 Mai¢h 2024 5,271,659 Arnortlsatlon Al 1 April 2023 Adéitton$ 307,514 At 31 Mar¢h 2024 307,514 Not l)ook valu• At 31 March 2024 4.964.147 Al 31 Mar¢h 2023 Combln•tlonJ On 8 Sèplembgr 2023, Chang• Lbves a¢quir&d 100% 01 tho Su0d share capital of 3L Care Gwovp Llmlt•d, •nd rt$ subsKliAri¢s 3L Caty Holdings Lifflii¢d and 3L Care Limitgd, oblablling wnlroS. The companie$ ontribul8d revenue 01 £2,930,686 and lou ¢ft356.465 to tha group'6 re8ults fortho perknd belween tho dole ol cquigrtion •nd th• bianc• sheet dalo. The amounlj roc¢snised in rJpBc ol lh8 p)•nlifiabl? asmts aU1r1d and Ilab116tvas ajsumed 8r• >¢1 out beb*J'. F8lr v•lu• 2Q24 A•s•t• •nd Il•bllltl•8 acqulrnd Fin8nci•l ass&t> Firtanci81 liabilitbs 2.699.597 1,000.713 Tolol klantifiab assets 1.699.244 Goo¢h¥ill Tolal ConseratIO 5.271.660 6.970.904 Satisfied by.. Cash DeleFTed con8KJeraty'on 6. 168.252 802.652 Total 6.970.4 Cash Conserat)n Less cash balances aUIrj Less deter coristiteration 7.242,806 1271,9021 802 6S2 Net cash Ilow ¥rising orj acoutsQion 6 168 252 28
DocJJsign Env¢bpe ID.. A71743F6-OOOE-47C7A23F.2DE7C233A77t We Change Llve$ IWCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11 TANGIBLE FIXED ASSETS Group Freehold Property Long-temi loasehold proporty Flxtur*$ and Ilttlngs Improv•ments to pmperty Total Cost or valuation Al l April 2023 Additions Acqui through business combin¥lions 3,960,603 36,600 2,005.358 210.000 776.751 80.462 114,318 82,653 5.030,007 117,062 2,119,676 Al 31 March 2024 8,002,561 210,000 971,531 82,653 7,266,745 Depreclatlon Al 1 April 2023 Charge for the year 2,150,937 89,699 67,551 4,221 646,361 84,280 47,310 4,091 2,912.159 182.291 Al 31 March 2024 2.240.636 71,772 730.641 51,401 3,094,450 N•t book valu• At 31 March 2024 At 31 March 2023 3 761,925 1,809,666 138,228 142,449 240.890 130,390 31.2S2 35.343 4.172,295 2.117,848 The ccsl of freehcld prcsperty abov8 Is nel of 8 grant lo the v•lue of £327,975 from the He8h Authority dating back lo the 1990$ in relation lo propgrtie5. Whi15t the ¢harity is legal owner ol the properties, Ihere a charge providing that in the event of a Change in use or disposal of the propert8, Ihe HeAtth Authority 18 lo receive thè opan martel value of the properties. The gfanl rèpresenlg tha total cost of the properties. A granl was received lo fvnd Iha purchase of 8noth8r of the charlty's Ireehold propèrties, 1 Oa Lodge Lane, Warringlon. A condition of Ihe grant was that if thè building were sold or no longer used as a nursing home for dienls wrth mental health disorder, the grant woukl be repayable. The ¥rnounl repayable would be 25.5% of the market value of the properly al the date of sale less Ihe Go?Is ol sale. There i¥ no intenlitsn lo sell or change the use of the property. All flxed assels, Indudin9 fre8hold property are for the use in dirgd furtherance of the charity's objeclg. The nel book value of assets includes £12,866 {2023 . £30,022) held under o hir8 purchase #greemenl. Depreciation of £17,15612023- £17.1561 was charged in the y8ar on these. 29
Oo¢u$&rt En¥elope10 A71743F6-OQeE47CT-A23F.20ETC233ATT% W• Changg Llv•g IWCLI NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ch•rtty Frnehold Prop•rty LoTrg4emi 18a88hold property Flxtur•s and Ilttjnos Improvements to property Total OBt or ¥aluation Al 1 April 2023 Additiofts 3,960,603 36.600 210,000 776.751 73.604 82.653 5.030,007 110.204 At 31 Moreh 2024 3,997,203 210,OC#J 850,355 82.653 5, 140,211 Oeprgclallon Al 1 April 2023 Chorge for ye41 2.150,937 71.814 67,551 4,221 646,361 61,136 47.310 4.091 2.912.159 141.262 Al 31 M•rch 2024 2,222,751 71.772 707,497 51.401 3,053,421 Ntrt book v•1 Ai 31 March 2024 Al 31 March 2023 1 774.452 1.809.666 138 228 142,449 142,858 130,390 31,252 35,343 2 086 790 2,117.848 Tho coit of Ire•old proF4rty #bovo is net ol • groni 10 the value of £327,975 from the Health Authofjty daling back to the 19903 in rtlatirtn lo Nvo propertKs. Whi181 Ihe ¢hNrity is gaI own8f of th• properties. there Is a chargé provlln9 th•1 in the versi ol a ch•nge In vse or disp0541 cf Ihe properties. the HeaKh Authority 13 lo recalve the op•n market valu• of thi propertle•. The yrnnt reronI¥ the Ioial cost of the PfOP•rtI•s. A 9ronl WA¥ receiv•d lo fund the purchase ol another of the ¢hanty's fr¢hoid proport198. 108 Lodge Lane, Wariinglon. A cKndllLOn ol lh• grant w¥$ thal rf thg building were sold or no knr9er used as a nur8ing home loi clnts Ih m¢rtlal h¢allh dadr, the gfaril woukl be repayable. The amount iapay8bk UkI 25.5% 01 the market value of th8 Pl0rtY al Ihe dat? ol $alt le¥s the ¢osls of salg. Thtrg Is rio Iritentson lo sell or charnge the uso of the property. All fixed assets. including freehold property are for tho usé in dire¢t furthofAnce ¢f tho ¢hArityS obj1$. The nel book valu¢ ol 8ss•t$ Indudes £12.86612023 . t30.0221 h•ld urdr a hir• purchase agreerneDt. Depro¢iation 01 £17,156 {2023- £17,156I w8s ¢h4rged in the ye•r on Ihe5e 30
Docusign Envelope ID. A71743F6-QQQE.47CYA23F.2DE7C233A771 We Change Llvas IWCL) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 FIXEDASSET INVESTMENTS Group Ll¥ted Investhients Cost or Valuation Al 1 April 2023 Investments iedeemed 319,009 1319.CQ91 Al 31 March 2024 The were no Inveslmenl as$81¥ hahj OUtse the UK. The hi$loric41 cosl of inve$tm?nls al 31 March 2024 amounted lo £nll12023- £278,297). Ch•rlty Invostmgnts In Sub$ldlary companies Li•t•d Inv•stm•nts Total Cost or valuatlon Al 1 April 2023 Addilions Investmehts redetmed 319,009 319,010 7,242,806 1319.0091 7,242.806 (319,(M)91 At 31 March 2024 7.242,807 7,242,807 Nam• Reg1$tor offl¢è 2024 England and Wales EnglBnd #nd Wales England and WAles England AfKI W4le8 Sh•r•holding 2023 Ordinary 100 Ordinary 100 Ordinary 100 Ordinary 100 'A of 8harns hold Warringlan Communty Living. 3L ca Limited 3L CBre Gioup Limited. 3L Care Holding5 Lirnited 100 All subsbyiary companies have thg Same regislered office 98 We Chonge Live8. The principal activty of Warringlon Community Living Limited is the suppty of 5UPPOrt service$. The principal activty of 3L Care Limited is the provL¥ion of care seryices. The principal •¢tivty of 3L ca Group Llrniled aThJ 3L Care Holding8 Limited is that of hokling companies. 'Oenotes dired investments held by W8 Change Lives. Other companies, investments are held by 3L Care Group Lirhiled. 13 DEBTORS Charity Group 2024 2023 2024 2023 Trade det)tors Olhar deblo Amounts owed by group undertakings Prepaymonls and acLrued in¢ome 530,551 223.914 5,829 953,348 69.765 223,914 5,e29 1,177,969 294,147 201,270 330,380 201,270 2,O)7,171 431,013 1,353,493 431,013 31
Dow$ign Enwekpe IO.. A71743F64)O¢E-47C742)F.20E7C233A771 W• Chang¢ Llve¥ (WCL} NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2024 14 CREOITQRS- #mounts falllng du• within on• year Grnup 2024 2023 2024 2023 8artk Soart5 Trade ¢redttors Amoonls owed by group undertaking9 Othei taxation and social se¢uNty Other ¢redrte)rs DofeTred conJ¥J?ratlon A¢enbal$ and delerr8d in¢orM coOr&tiON tax 11a'11ty Hire purchase 438,872 104.940 436.172 120.721 115,480 39,768 50,184 58,231 115.480 6S,483 287,6S6 802,6S2 108, 1(12 113.620 405.710 802.652 220,541 156.470 89.9S1 58,231 135,493 135.493 13,259 17,679 17,679 1,820.2e4 416,835 2,257,886 416,834 16 CREOITOR8- •mounl• fJlllng du• •ft•r rnoro than one yar Chyrlty croup 2024 2023 2024 2023 8ank108ns Hir• pur¢h•s• S.052.750 5,052.750 13,259 3,120.297 13,259 13.259 During the year, the Charlty and GfOUP down fund$ from Unty Barnk to lund the acquisrtt)n ol 3L Car• roup. The iotal diwn ¢Jown w#s £5.TOO,¢XJO. Debl co$t$ 01 £143.940 were also paid during the year. and lava been netted off of the h"•E)ilrty. Inl¢f•$l 1$ charged a13.24'A Ous B458 Raie per8nnum, and the is duè lor repaymenl ovor 20 ytrèrn. Seturity ts prov0 agaln3t th gfQUP'$ Ifeohrjid pperts. Included within the above aw amoun1$ fallin9 due as folbDWS'. Charlty Group 2024 2023 2024 2023 Belw*•n on? •nd Dank loans 582.112 S82.112 Ch•rlty Group 2024 2023 2024 2023 Betw•en •nd fiv• y•4 Bank loans 1,746,336 1,746.336 32
00cSIgn Envebpe ID. A71743F6-OOOE-47C7-A23F-2DE7C233A771 We Chang8 Lives IWCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Group 2024 20Z3 2024 2023 Over five years Bank loans 2,724.302 2.724.302 16 FUNDS At 1 Aprll 2023 In¢omlng rosources Oulgolng rosourco• At31 Mah 2024 DMlgnat•d lund• 2,032,546 2,032,546 Goneral fund¥ General fvnd Revaluallon reSee 2,097,536 38,950 9,495,084 19,369.4681 2.223,152 38,950 2,121,858 9,495,084 19,369,468) 2,247,474 Total unre8trlctfrd funds 4,169,032 9,495.084 19.389,468) 4.294,848 17 RECONCILIATION OF NET MQVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Group 2024 2022 Nat income for Ihg pariod 125,617 1302,2801 Adjustments lor.. Oeprecialion charges Losses on investments Finanr* costs Invgslmen15 redeemed {Increasellde¢rease in deblo Devease in credrtors 489.805 139.387 24,502 281,055 319,009 (342,199) (389,110) {3,5821 1236,3621 Net ¢a$h provid•d byl{u$ad Inl opgrltlng actlvllles 504,177 1378,335} 33
Docu En¥elope10. AT1743F6DE-47G7-A23F-20E7C23JA77l WO Chan90 Llv¢$ IWCLI NOTES ro THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 ANALYSIS OF CIIANGES IN NET DEBT Group At1 Jat)uary 2023 At31 March 2024 Cash 14on ¢a¥h movem•nts Cash 8t bank 8nd In h&n¢J Hire pL6trhase due wtllrn l year earnk debt Hire purcase due afl•r 1 year 1,737.255 117,6791 1588,9501 17,679 <5,353.8071 1, 142.305 If37.t151 15,490,922) (13,2591 113.2591 1,700.317 {$,925.0781 1137,11S1 14.361,876) 19 PENSION GOMMITMENYS The Charlty oparales a dofined coatributlon ponsion 8¢h¢m•. Ttt• penSn costcharg• forlhe y¢ar represents contributions payabkry by th• Charity to ltta scheme and ?moun¢ed to £112,71212023- £107,604). At Ihg end ol the year out$t8nding ¢oNtribulions ¥m¢unied to £111,404112023 . £16,665). All pensrI Chorges are Charged urrosirtcted funds, in line wrth the fund ou¢ of vthich th8 wages and $alari•i ure p4id. The pensiDn co$t5 for th• year tor the group 1th•15 £132.66812023- £107,604), Al Ihe end of ihe y•r, outltanding ContiutIOnS amounlo(I to £4,77712023 . £16,6651 20 OPERATING LEASE COMMITMENTS Al 31 Maich 2024 the &oup had commllmnts lo mak• luluro mlnimuffi le•s• p•ym•nls und•r no canc•ll8bb 0rabnO t•AJes •$ fo¥0¥.. 2024 2023 L•nd •nd bulldlng$ Within 1 year B¥Ivon 1 and 5 y•grs After more than S yeafB 6.736 95.775 27,293 108.288 Total 6,736 231,336 oth•r Within l yeèr Beiwèen l and 5 y•at8 Aft•r mor¢ than S yg8r5 37.606 41,241 112.542 403,535 252.684 Total 78,847 768,761 Al 31 March 2024 the Chanty had ¢ommiimenls lo make fvIU mirimum lease payments under non- carrllable opevatiw ka8es os follows".
Docusign Envèlope ID.. A71743F6-OOOE47C7-A23F.2DE7C233A771 Wè Chang• Llves IWCLI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Land and bulldlngs Wilhin 1 year Between 1 and 5 years After more than S years 6,736 95,775 27,293 108,268 Tolal 6,736 231.336 Other Wilhin 1 year Betn 1 and S years Aft8r mofy than 5 ygarB 3S,813 41,241 112.542 403.535 252.684 Tolal 77,054 768,761 21 RELATED PARTY TFIANSACTIONS Neither the Group nor Charity hav8 entered into any rel8ted party transactions dunng the year. 21 EVENTS SUBSEQUENT TO THF YFJ4R END After the year end, the group and oharty dispo$ed of one of Ils properties for proceed$ of £425,CKIO. 35