2021-03-31-accounts - Lifeshare Limited

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LIFESHARE LIMITED

COMPANY REGISTRATION NO: 2946401

CHARITY REGISTRATION NO: 1042500

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

LIFESHARE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

INDEX

PAGE NO.	CONTENTS
1-4	Directors’ Report
5	Independent Examiner's Report
6	Statement of Financial Activities
7	Balance Sheet
8	Statement of Cash Flows
9-15	NotestotheAccounts

LIFESHARE LIMITED

Report of the trustees for the year ended 31°t March 2021

The trustees present their annual directors’ report and financial statements of the charity for the year ended 31% March 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the

Memorandum and Articles of Association, and the 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),

Reference and administrative information

Charity Name: Lifeshare Limited

Charity Number: 1042500 Company Number; 02946401

Directors and trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

Key management personnel: Trustees and Directors

Christine Sivori Chair Shelley Lanchbury Nicola Sivori Richard Price Barry McGregor Andrew Vincent Tarpey Susan Hope-Borland Matthew Johnson (appointed May 2021}

Richard Price Secretary

Senior manager

Judith Vickers

Registered Office

27 Houldsworth Street Manchester M1 1EB

independent Examiners

Community Accountancy Service Limited The Grange Pilgrim Drive Beswick M11 3TQ

LIFESHARE LIMITED

Bankers

The Cooperative Bank plc

1 Balloon Street Manchester M60 4EP

Leeds Building Society

105 Albion Street

Leeds LS1 5AS

Structure, governance and management

Lifeshare Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 7* July 1994 as amended by special resolution dated 15'" March 1997. It is registered as a charity with the Charity Commission dated 30" November 1994.

Appointment of trustees

As set out in the Articles of Association trustees are elected annually by the members of the charitable company attending the Annual General meeting. At each AGM one third of trustees shall retire and be eligible for re-election.

Trustee Induction and training

New trustees are given guidance from longer established trustees who understand the Lifeshare mandate and the areas in which it operates. Each trustee is chosen for their expertise in different fields so that they are able to advise the other trustees.

Organisation

The board of trustees administers the charity. The board normally meets on the first Saturday of each month and are responsible for the strategic direction and policy of the Charity, The members are from a wide variety of backgrounds relevant to the work of the Charity. Managers are appointed by the trustees to manage the day-to-day operations of the charity with the assistance of the office and project workers.

Objectives and activities

The charity runs a service identifying disadvantaged young people who are at risk of homelessness and exploitation. The charity assists in obtaining emergency accommodation, signposting and linking the young people into other relevant agencies; and assisting people to access primary health care services, and to promote health and harm reduction issues.

The Charity help to alleviate aspects of poverty and hardship through the redistribution of resources.

The charity also operates a weekend breakfast service for homeless people; and opens and runs a temporary day shelter over the Christmas holiday period.

LIFESHARE LIMITED

Our Services

Breakfast Project

Christmas Project

Young Person’s Project Digital Inclusion Project

Financlal review

Total income for the year was £325,482 and total expenditure was £248,879 leaving a surplus of £76,603 (2020 £71,645). The Trustees review the Finances of the Charity on a regular basis and take any action necessary to ensure that funds are spent in accordance to the funder’s rules and expectations.

Investment powers and policy

The trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in an interest bearing deposit account.

Reserves policy and going concern

The balance held in unrestricted reserves at 31°* March 2021 was £201,960 of which £200,270 is free reserves, after allowing for designated funds and those tied up in tangible fixed assets. The trustees aim to establish free reserves in unrestricted funds at a level which equates to approximately 10 months of unrestricted charitable expenditure £122,000. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered.

The trustees consider that the charity is a going concern.

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Procedures are in place to ensure compliance with health and safety of staff and volunteers. All procedures are periodically reviewed to ensure that they continue to meet the needs of[the][Charity.]

Plans for Future Periods and the Effects of Covid 19

Lifeshare will continue to serve the young and vulnerable of Manchester and will adapt their projects to best serve that community, any new projects are client led to ensure that we best serve our clients. Funding Drives are being actioned to preserve the longevity of the Charity and we work in partnership with other charities so that we can ensure that any changes in the client community are logged and communicated to all our partners.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection betweena trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.

LIFESHARE LIMITED

Trustees responsibilities in relation to the financial statements

The charity trustees (who are also the directors of Lifeshare Limited for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which 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 the financial statements, the trustees are required to:

e Select suitable accounting principles and then apply them consistently;
e Observe the methods and principles in the applicable Charities SORP;
e Make judgments and estimates that are reasonable and prudent;
e State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
e Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

By order of the board of trustees

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NicolfSivori
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Trustee

Date: 13'" December 2021

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LIFESHARE

LIMITED

I report on the accounts of the company for the Year Ended 31° March 2021, which are set out on pages 6 to 15,

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and | am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: e examine the accounts under section 145 of the 2011 Act ; * to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 2011 Act; and e to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements

¢ to keep accounting records in accordance with section 386 of the Companies Act 2006; and * to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, ; and
- with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

EL Anderson MA FCA CTA Community Accountancy Service Ltd The Grange, Pilgrim Drive Beswick, Manchester, M11 3TQ

Date: 13" December 2021

LIFESHARE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MARCH 2021 (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)

				Yoar
				Ended	Year Ended
				31.03.21	31.03.20
	Notes	Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£	£
INCOME FROM:
Donations and Legacies	4	204,108	500	204,608	108,258
Investment Income		25	-	25	31
Other Trading Activities	5	1,527	-	1,527	4,074
Charitable Activities	6	6,900	107,105	114,005	145,669
Reimbursements		627	-	627	-
Other Income		4 690	-	4,690	273
TOTAL		217,877	107,605	326,482	255,305
EXPENDITURE ON:
Ralsing Funds	7	(2,088)	-	(2,088)	(3,597)
Charitable Activities	8	(102,148)	(144,643)	(246,791)	(180,063)
TOTAL		(104,236)	(144,643)	(248,879)	(183,660)
NET INCOME (EXPENDITURE)		113,641	(37,038)	76,603	71,645
TRANSFER BETWEEN FUNDS	16	-	-	-	-
NET MOVEMENT IN FUNDS		113,641	(37,038)	76,603	71,645
RECONCILIATION OF FUNDS
Total Funds Brought Forward		88,319	74,299	162,618	90,973
TOTALFUNDSCARRIEDFORWARD	16	201,960	37,261	239,221	162,618

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities,

The notes on pages 9 to 15 form part of these accounts.

LIFESHARE LIMITED

Company Registration Number: 2946401

BALANCE SHEET AS AT 31 MARCH 2021

		2021		2020
	NOTES	£	£	£	£
FIXED ASSETS
Tangible Fixed Assets	12		1,690		948
CURRENT ASSETS
Debtors & Prepayments	13	8,773		6,096
Cash at Bank & In Hand		265,847		176,431
		274,620		182,527
LIABILITIES:
Creditors: Amounts falling due within	14	(37,089)		(20,857)
one year		(37,089)		(20,857)
NET CURRENT ASSETS			237,531		161,670
TOTAL NET ASSETS			239,221		162,618
THE FUNDS OF THE CHARITY
Unrestricted Reserves	16		201,960		88,319
Restricted Reserves	16		37,261		74,299
TOTALCHARITYFUNDS			239,221		162,618

For the year in question the company was entitled to the exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required The company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved on behalf of the Board

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Lf
/ / /} UV [OY]
Daté: 13th December 2021
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) Trustee N Sivori
The notes on pages 9 to 15 form part of these accounts.
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LIFESHARE LIMITED

;

STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2021

RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH
FLOW FROM OPERATING ACTIVITIES	2021	2020
	£	£
Net movement in funds	76,803	71,645
Add back depreciation	4,082	770
Deduct investment income	(25)	(31)
Decrease/(Increase) in debtors	(2,677)	4,233
Increase/(decrease) in creditors	16,232	(36,810)
Net cash used In operating activities	91,215	39,807
Cash flows from Investment activities:
Interest	25	31
Purchase of fixed assets	(1,824)	-
Netcash provided by investing activities	(1,799)	31
Increase/(decrease) in cash and cash equivalents during the year	89,416	39,838
Cash and cash equivalents brought forward	176,431	136,593
Cashandcashequivalentscarrledforward	265,847	176,431

LIFESHARE LIMITED

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

(a) Basis of preparation and assessment of golng concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated In the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern,

(b) Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There are 11 restricted funds at the year end. Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion have created a fund for a specific purpose. Further details of each fund are disclosed in note 16:

(c) Income recognition

All income is recognised once the charlty has entitlement to the income, It is probable that the income will be received and the amount of income receivable can be measured reliably.
. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income Is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilied in the reporting period. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

;

(d) Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (f) below.

(e) Irrecoverable VAT

Irrecoverable VAT Is charged against the expenditure heading for which it was Incurred.

(f) Allocation of support and governance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs Involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on staff time and facilities used in each activity. The allocation of support and governance costs Is analysed in note 9.

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(g) Charitable Activities Costs of charitable activities include governance costs and an apportionment of support costs as shown in Note 8.

LIFESHARE LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

(h) Tangible flxed assets and depreciation

Fixed assets are included in the accounts at net book value. Additions of a single item or a group of similar assets exceeding £500, are capitalised at cost (valuatlon for donated assets). Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful lives as follows:

Computer Equipment 33.33% on cost Office Equipment & Fittings 25% on cost

{i) Debtors

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

(j) Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that wil! probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(k) Taxation

The organisation is exempt from income tax by reason of its charitable status. Income tax

suffered on Investment income is reclaimed in full. The Charity is not currently registered for VAT.

(i) Penslons

The charity operates an auto enrolment pension scheme. The charity has no liability beyond making its contributions and paying across the deductions for the employee's contributions.

2	NET INCOME FOR THE YEAR	.
					2021	2020
	This is stated after charging:				£	£
	Depreciation - owned assets Independent Examiners Fees				1,082 1,572	770 1,260
3	TAX ON SURPLUS ON ORDINARY	ACTIVITIES
	(See taxation policy note above)				-	-
4	DONATIONS AND LEGACIES
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2021	Funds	Funds	2020
		£	£	£	£	£	£
	Donations Legacy Gifts in Kind - Food	141,147 52,961 10,000	500 - -	141,647 52,961 10,000	92,948 - -	5,310 - 10,000	98,258 - 10,000
		204,108	500	204,608	92,948	15,310	108,258
§	INCOME FROM OTHER TRADING	ACTIVITIES
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2021	Funds	Funds	2020
		£	£	£	£	£	£
	Fundraising Activities	1,527 1,527	- -	1,527 1,527	1,074 4,074	- -	1,074 1,074

LIFESHARE LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

6	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2021	Funds	Funds	2020
	Grants:	£	£	£	£	£	g
	Global Make Some Noise	-	15,000	15,000	-	-	-
	Lloyds Foundation	-	16,480	16,480	-	24,907	24,907
	Greater Mancheser Mayors Fund	6,500	-	6,500	-	-	-
	GMMC Emergency Response	-	21,309	21,309	-	-	-
	National Lottery Fund (lessdeferred to 2022) The Oglesby Charitable Trust	- - -	8,650 {8,650} 16,666	8,650 (8,650) 16,666	- - -	- - 35,006	- - 35,006
	TudorTrust	-	35,000	35,000	-	35,000	35,000
	Tudor Trust Covid Grant	-	2,000	2,000	-	-	-
	Neighbourly Ltd	400	-	400	-	-	-
	Independent Food Grant	-	650	660	-	-	-
	Kilburn & Strode	-	-	-	-	35,000	35,000
	THT - Breakfast Project	-	-	-	-	9,503	9,503
	Wesleyan Heart of England Comm.	-	-	-	-	6,000	6,000
	Forever Manchester - Big Change	-	-	-	-	253	253
		6,900	107,105	114,005	-	145,669	145,669
7	COST OF RAISING FUNDS				;
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2021	Funds	Funds	2020
		£	£	£	£	£	£
	EmploymentCosts Donation Site Fees	1,672 416	- -	4,672 416	1,722 256	- -	1,722 256
	Entry Costs Telephone	- - 2,088	- - -	- - 2,088	495 4,124 3,597	~ - -	495 1,124 3,597

LIFESHARE LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

8	EXPENDITURE						Total	Total
							2021	2020
	Charitable Activities						£	£
	EmploymentCosts						161,684	118,417
	Sessional Workers						200	600
	StaffWelfare						659	-
	DBS Checks						177	420
	Clientexpenses Staff Travel						8,866 1,600	4,571 3,361
	StaffTraining Project Costs						1,134 4,000	498 5,141
	Room Hire						7,650	-
	Volunteer Expenses& Food & Milk		Training				477 14,672	565 12,436
	Marketlng & Publicity Telephone& Internet Insurance						2,949 2,231 2,361	- 2,248 1,974
	Waste Disposal Consumables Sundry SupportCosts Governance Costs		(note 9) (note 9)				1,613 - 1,738 31,896 2,884	264 363 1,910 24,203 3,092
							246,791	180,063
	Charitable expenditure Charitable expenditure		relating to restricted funds : relating to unrestricted funds:				144,643 102,148 246,791	119,127 60,936 180,063
9	ALLOCATION OF GOVERNANCE AND SUPPORT COSTS
					General
				Basis ofApportionment	Support	Governance	Total 2021	Total 2020
					£	£	£	£
	Support Costs Rent & Council Tax			Facilities Used	15,241	-	15,241	13,785
	Heat, Light &Water Repairs and Malntenance Cleaning Printing, Postand Stationery Computer & Software Costs Minor Equipment Telephone Subscriptions Office Refreshments etc			Facilities Used FacilitiesUsed FacilitiesUsed FacilitiesUsed FacilitiesUsed FacilitiesUsed FacilitesUsed Fecliities Used Facilities Used	2,898 1,484 - 1,649 1,595 1,872 2,231 258 743	- - - - - - - - -	2,898 4,484 - 1,649 4,595 1,872 2,231 258 743	2,496 1,820 260 4,794 1,413 231 4,125 355 56
	Depreciation Petty Cash Difference Bank& Card Charges HR Services .			Facilites Used	1,082 1,517 91 -	- - - 1,312	4,082 1,517 94 4,312	770 . 98 1,296
	Legal & Professional Accountancy	Fees			1,235 - 31,896	- 1,572 2,884	1,235 1,572 34,780	536 1,260 27,295
10	STAFF NUMBERS ANDCOSTS						2021	2020
							£	£
	Wages and Salaries Social Security Costs Pension Costs						153,594 8,170 1,592	113,532 5,107 1,500
							163,356	120,139

The charity employed 10 people during the year (2020:10) with an average of 6 people. The charity considers its key management personnel comprises the trustees and team leaders. The total employment benefits, including employer pension contributions of the key management personnel : was £31,845 (2020: £34,449). No employee has benefits in excess of £60,000 (2020: None).

LIFESHARE LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

11 TRUSTEES' REMUNERATION AND EXPENSES

No remuneration was paid or payable directly or indirectly out of the funds of the charityconnectedduringwiththeanyyearof them.to any trustees or to any persons known to be : No reimbursement of expenses has been made or Is due to be made to any of the trustees in respect of the period.

42 TANGIBLE FIXED ASSETS

	42	TANGIBLE FIXED ASSETS
			Furniture &
			Office	Computer
			Equipment	Equipment	Total
		COST	£	£	£
		At 1 April 2020	8,780	11,970	20,750
		Additions	-	4,824	1,824
		Disposals At 31 March 2021	- 8,780	- 13,794	- 22,574
		DEPRECIATION
		At 1 April 2020	7,832	41,970	19,802
		Charge for Period	474	608	4,082
		Disposals At 31 March 2021	“ 8,306	. 12,578	- 20,884
		NET BOOK VALUE
		At 31 March 2021	474	1,216	1,690
		At 31 March 2020	948	-	948
	13	DEBTORS
				2021	2020
				£	£
		Other Debtors		4,596	4,245
		Prepayments		4177 8,773	1,854 6,096
		Debtors and prepayments related to restricted funds 2021: £nil	(2020 Eni).
	14	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				£	£
,		Trade Creditors		2,298	411
		Other Creditors		235	-
		Short-term compensated absences (holiday pay) Deferred Income		3,117 27,639	- 16,480
		Taxation and Social Security Costs		1,140	1,206
		Accruals		2,660 37,089	2,760 20,857
		Creditors related to restricted funds 2021: £27,639 (2020 £16,480),
	15	DEFERRED INCOME
		Deferred income comprises grants received in advance		£	£
		Balance as at 1 April Amount released to Income earned from charitable activities		16,480 (16,480)	51,667 {51,667}
		Amount deferred in year Balanceat31March		27,639 27,639	18,480 16,480

LIFESHARE LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

16 ANALYSIS OF CHARITABLE FUNDS

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ANALYSIS OF CHARITABLE FUNDS
					Balance at
	Balance at 1				341 March
	April 2020	Incoming	Transfers	Outgolng	2021
	£	£	£	£	£
RESTRICTED FUNDS
Global Make Some Noise	-	15,000	-	{15,000}	-
GMMC Emergency Response Fund	-	21,309	-	(21,309)	-
National Lottery	-	-	-	(860)	(860)
Forever Manchester - Big Change	1,786	-	-	(1,638)	148
Art Exchange Coop	334	-	-	-	334
Forever Manchester	691	-	-	-	691
THT - Breakfast Project	9,503	-	-	(5,319)	4,184
Lloyds Foundation Oglesby Charitable Foundation Kilburn & Strode	6,093 17,861 29,171	16,480 16,666 -	- - -	(22,573) (24,412) (17,207)	- 10,115 41,964
Independent Food Grant	-	650	-	(650)	-
Greater Manchester Police	1,000	-	-	-	4,000
TudorTrust	551	35,000	-	(31,845)	3,706
Tudor Trust - Covid Fund	-	2,000	-	(2,000)	-
Placefirst Ltd	2,259	-	-	(1,330)	929
Christmas Donations	5,050	-	-	-	5,050
Restricted Donations	-	500	-	(600)	-
	74,299	107,605	-	(144,643)	37,261
UNRESTRICTED FUNDS
General	88,319 88,319	217,877 217,877	- -	(104,238) (104,236)	201,960 201,960
TOTALFUNDS	162,618	325,482	-	(248,879)	239,221
					Balance at
	Balance at 1				31 March
Previous Year	April 2019	Incoming	Transfers	Outgoing	2020
	£	£	£	£	£
RESTRICTED FUNDS
Donation -Admin Assistance	4,883	-	-	(4,883)	-
Manchester Relief in Need	246	-	-	(248)	-
Forever Manchester - Big Change Art Exchange Coop Forever Manchester	2,568 334 691	253 - -	- - -	(1,035) - -	1,786 334 691	.
THT - Breakfast Project Lloyds Foundation Oglesby Charitable Foundation Kilburn & Strode	- 7,083 13,142 -	9,503 24,907 35,006 35,000	- - - -	- (25,897) (30,287) (5,829)	9,503 6,093 17,861 29,171
Wesleyan Heart of England Community Fund Greater Manchester Police	- 4,000	6,000 -	- -	(6,000) -	- 4,000
TudorTrust	-	35,000	-	(34,449)	551
Donations In Kind - food	-	10,000	-	(10,000)	-
Placefirst Ltd	2,500	-	-	(241)	2,259
Christmas Donations	5,050	-	-	-	5,050
Client Donations	260	-	-	(260)	-
	37,757	155,669	-	(119,127)	74,299
UNRESTRICTED FUNDS
General	53,216 53,216	99,636 99,636	- -	(64,533) (64,533)	88,319 88,319
;
TOTALFUNDS	90,973	255,305	-	(183,660)	162,618

LIFESHARE LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

16 cont...

Purpose of funds:

Contribution towards:

;

Global Make Some Noise to expand breakfast service GMMC Emergency Response Fund to fund post working with under 25's National Lottery Fund for front line support worker Manchester Relief in Need to cover running costs for the Christmas Project Forever Manchester - Big Change towards costs of rehousing clients Art Exchange Co-Op towards art therapy for vulnerable youngsters Forever Manchester for drama costs Charles Hayward Foundation towards sessional support workers and overheads Lloyds Foundation towards the salary of the office team leader Oglesby Charitable Foundation towards a resettlement worker Wesleyan H. of Eng, Comm. Fund towards support workers Greater Manchester Police towards the Christmas Project Tudor Trust towards the operation managers post Tudor Trust - Covid Fund towards staff rewards Kilburn & Strode Digital Inclusion project Placefirst Ltd towards the Christmas Project

17 ANALYSIS OF NET ASSETS BETWEEN FUNDS

			Net
		Flxed	Current	2021	2020
		Assets	Assets	Total	Total
	.	£	£	£	£
Restricted Funds Unrestricted Funds		- 1,690 1,690	37,261 200,270 237,531	37,261 201,960 239,221	74,299 88,319 162,618

18 CAPITAL COMMITMENTS

Contracted but not provided for

2021 2020 E nil £ nil

19 ULTIMATE CONTROLLING PARTY

The company is under the shared control of the Trustees named on Page 1.