. 

## 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|





1 

, 

: 

## 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 



2 

: 

## 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. 



3 

, 

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. 



4 

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<br>**----- End of picture text -----**<br>


Trustee 

Date: 13'" December 2021 



5 


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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 

: 

6 

## 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 

7 

## 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<br>/ / /} UV [OY]<br>Daté: 13th December 2021<br>**----- End of picture text -----**<br>



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) Trustee N Sivori<br>The notes on pages 9 to 15 form part of these accounts.<br>**----- End of picture text -----**<br>




LIFESHARE LIMITED 

; 

8 

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## 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 

9 

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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 

10 

## 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<br>Independent Examiners Fees||||1,082<br>1,572|770<br>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<br>Legacy<br>Gifts in Kind - Food|141,147<br>52,961<br>10,000|500<br>-<br>-|141,647<br>52,961<br>10,000|92,948<br>-<br>-|5,310<br>-<br>10,000|98,258<br>-<br>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<br>1,527|-<br>-|1,527<br>1,527|1,074<br>4,074|-<br>-|1,074<br>1,074|





LIFESHARE LIMITED 

11 

. 

. 

## 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<br>(lessdeferred to 2022)<br>The Oglesby Charitable Trust|-<br>-<br>-|8,650<br>{8,650}<br>16,666|8,650<br>(8,650)<br>16,666|-<br>-<br>-|-<br>-<br>35,006|-<br>-<br>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<br>Donation Site Fees|1,672<br>416|-<br>-|4,672<br>416|1,722<br>256|-<br>-|1,722<br>256|
||Entry Costs<br>Telephone|-<br>-<br>2,088|-<br>-<br>-|-<br>-<br>2,088|495<br>4,124<br>3,597|~<br>-<br>-|495<br>1,124<br>3,597|





LIFESHARE LIMITED 

12 

: 

: 

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

13 

## 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<br>At 31 March 2021|-<br>8,780|-<br>13,794|-<br>22,574|
|||DEPRECIATION||||
|||At 1 April 2020|7,832|41,970|19,802|
|||Charge for Period|474|608|4,082|
|||Disposals<br>At 31 March 2021|“<br>8,306|.<br>12,578|-<br>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<br>8,773|1,854<br>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)<br>Deferred Income||3,117<br>27,639|-<br>16,480|
|||Taxation and Social Security Costs||1,140|1,206|
|||Accruals||2,660<br>37,089|2,760<br>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<br>Amount released to Income earned from charitable activities||16,480<br>(16,480)|51,667<br>{51,667}|
|||Amount deferred in year<br>Balanceat31March||27,639<br>27,639|18,480<br>16,480|





LIFESHARE LIMITED 

14 

## 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<br>Oglesby Charitable Foundation<br>Kilburn & Strode|6,093<br>17,861<br>29,171|16,480<br>16,666<br>-|-<br>-<br>-|(22,573)<br>(24,412)<br>(17,207)|-<br>10,115<br>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<br>88,319|217,877<br>217,877|-<br>-|(104,238)<br>(104,236)|201,960<br>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<br>Art Exchange Coop<br>Forever Manchester|2,568<br>334<br>691|253<br>-<br>-|-<br>-<br>-|(1,035)<br>-<br>-|1,786<br>334<br>691|.|
|THT - Breakfast Project<br>Lloyds Foundation<br>Oglesby Charitable Foundation<br>Kilburn & Strode|-<br>7,083<br>13,142<br>-|9,503<br>24,907<br>35,006<br>35,000|-<br>-<br>-<br>-|-<br>(25,897)<br>(30,287)<br>(5,829)|9,503<br>6,093<br>17,861<br>29,171||
|Wesleyan Heart of England Community Fund<br>Greater Manchester Police|-<br>4,000|6,000<br>-|-<br>-|(6,000)<br>-|-<br>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<br>53,216|99,636<br>99,636|-<br>-|(64,533)<br>(64,533)|88,319<br>88,319||
|;|||||||
|TOTALFUNDS|90,973|255,305|-|(183,660)|162,618||





LIFESHARE LIMITED 

15 

## 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<br>Unrestricted Funds||-<br>1,690<br>1,690|37,261<br>200,270<br>237,531|37,261<br>201,960<br>239,221|74,299<br>88,319<br>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.