LIFESHARE LIMITED COMPANY REGISTRATION NO: 2946401 CHARiff REGISTRATION 140: 1042500 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 IINIWIIII *ADINER6G* 24112r2024 COMPANIES HOUSE LIFESHARE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INDEX PAGE NO. CONTENTS Directors. Report Independent Examinerfs Report Statement of Financial Activthes Balance Sheet Stalement of Cash Flows 9-15 Notes to the Accounts LIFESHARE UMITEO Report of the trustees for the year ended 31 March 2024 The trustees present their annual directors. report and financial statements of the charity for the year ended 31" March 2024 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 Compènies 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 IFRS 1021 (effective I January 20191. Reference and administrative inforniation Charity Name.. Lifeshare Limited Charity Number.. 1042500 Company Number.. 02946401 Directors and trustee5 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: T￿￿teeS and Dirertors Shelley Lanchbury (resigned as director 13 January 20241 Nicola Sivori Richard Price Matthewjohnson Richard Nelson Jane Carroll Harriet Leighton Jahan Hussain SeC￿tary {resigned a5 direttor only 2* July 20231 (appointed 21" June 20231 (appointed 20 October 20231 Direttor only (appointed 20 October 20231 Director only (appointed 31" October 20231 Senlor manager Judith Vickers Registered Office Lifeshare Ltd 1st Floor, 36-38 Sackville Street. Manchester MI 3WA Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Beswick, Mll 3TQ LIFESHARE UMITED 8ankers The Cooperative Bank pl l Balloon Street Manchester M604EP Leeds Building Society 105 Albion Street Leeds LSI SAS 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 res01￿10n dated 15 March 1997. It is registered as a charity with the Charity Commission dated 30 November 1994. Appointrnent of trustees As set out in the Articles of Association trustee5 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 r￿lertIOn. Trustee indurtion and training New trustees are given guidance from longer established trustees who understand the Lifeshore 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 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 a55iStance of project workers. Objectives and activities The Charl￿$ main activity is to operate a weekend breakfast service for homeless people, including a respite provision on Friday mornings from 7-11am. This is a multi-agency hub, whereby disadvantaged adults over 18 can attend and work with a range of different services from council representatives to drug and alcohol support services. The Charity also opens and runs a temwrary day shelter for 7 days over the Christmas holiday period. Lifeshare also delivers emergency supplies provision. redistributing essential items through a twice weekly drop-in for people experiencing Crisis. and is developing a new projert.. Finding knfelong Aspirotions Seeking Knowledge IFLASKI. Our SeNices Breakfast/Respite Project Christmas Project Emergency Parcel Provision / FLASK project UFESHARE LIMITED Financial review Total income for the year was £303,845 and totèl expenditure wa5 £378,611 leaving a deficit of £74,75512023 deficit £69,2831. 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 aTrd policy The trustee5, having regard to the liquidity requirements of operating the charity. have kept available funds in an interest bearing deposit account. Reserves policy and goi￿ concern The balance held in unrestricted rese￿e$ at 31 March 2024 was £13,784 of which £13,534 is free reserves, after allowing for designated funds and those tied vp 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. The trustees consider that 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 cOn￿rn. Risk management The trustee5 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 prO￿dureS are periodically reviewed to ensure that they continue to meet the needs of the Charity. Plans for Future Pefiods Lifeshare has had to make huge changes to our service offer to ensure we can remain a financially viable and sustainable charity, but will continue to serve Manchesterfs homeless community and will adapt our projects to best serve that community. ensuring any new projects are client led to ensure that we best serve our clients and their needs. Lifeshare plans to further develop the Respite service to include more partner charities and other support services. We are also increasing the reach of our digital inclusion service to cover more vulnerable clients who have no. or little, digital skills. in order to increase employability, access to training and education. and support serv*ces. 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-OPETation with ￿her OT8anisation5 None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a 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. UFESHARE UMITED Trustees responsibilities in relation to the finantial statements The charity trustees (who are also the directors of Life5hare Limited for the purposes of cornpany lawl 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 Practicel- Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affaifs 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: Select Suitable accounting principles and then apply them consistently.. Observe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent- State whether applicable accounting standards have been followed. subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in busines5. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posltion 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 Nitola Sivori Trustee Date- 13, December 2024 INDEPENDEI¥4T EXAMINER'S REPORT TO THE TRusfEES OF LIFESHARE LIMITED I report on the accounts of the company for the Year Ended 31, March 2024, which are sei out on pages 6 to 15. Respeetive responsibilities of trustees and examiner The trusiees (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 I am qualified io undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wajes. Having satisfied mysellthat the charity is not subject to audit under company law and is eligible for independent ¢xamination. it is my resp)nsibility to". 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 to state wh¢th¢r particular matters have come to my attention. Basis of independent exxminer'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 a]so includes consideration of any unusual items or disclosures in the accounts. and seekin8 explanations from you as trustees concerning any such matiers. 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 'trne and fair view. and the re￿rt is limited to those matters set out in the ststement below. Independent examiner's statement In connection with my examination. no maller has come to my attention.. ( l) which gives me reasonable ca￿e to believe thal in any material respecl the requirements to keep accounling records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records. comply wtth the accounting requirements of section 396 of the Companies Act 2006, . and with the methods and principles of the Ststement of Recommended Practice: Accounting and Reporting by Charilies have not been met" or (2) io which, in my opinion, attention should be draw) 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. M l13TQ Date: 13 December 2024 LIFESHARE LMITED STATEMENT OF FINAMCIAL ACTMnES FOR THE YEAR ENDING 31 MARCH 2024 (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI Y•ar Ended Year Ended 31.03.24 31.03.23 Total Total F¥nd8 Fund$ Funds Funds INCOME FROM- Donabons and Legaciès Investment Inccffle Other Tr￿Ing Activits'es Chsriiabl? Activityes Memberships Other Incorne TOTAL 212.307 49J 25.OJJ 237.307 179,742 25 5,733 168,453 600 65.172 21.$77 43.595 276 235.250 276 303.845 835 354.838 68.595 EXPENDITURE ON.. Ra151ng Funds Chantabk Actiwl*S {10,71rd) 1308.6041 110.7021 {6,8631 159,3051 13S7,9091 1417.25BI TOTAL 319.J 59.305 378.611 424.121 NET INCOME iexpENDtTUREI I84.￿} 9.29) 174.7e61 169,2831 TRANSFER BETWEEN FUNDS 16 NET MOVEMENT IN FUNDS 9.2 74.766 283 RECONCILIATION OF.FUNDS Total Funds Brought FoNiard 97.840 88,168 186,C¥J8 255.291 TOTAL FUNDS CARRIEO FORWARD 1.24 LK)8 The stalernent of finawal athibes Indudes all gains aThJ losses In the year. All ineoming resources reSoUr￿S expended derive from conb"nuirrfJ aL*viliès The notes on page5 9 to 15 lom part of these accojnts. UFESHARE UIIIYED Compony Registration 14umb•r 2946401 BALANCE SHE￿ AS AT 31 2024 2024 2023 NOTES FIXED ASSETS Tangible Fixed Assets 12 250 1,782 CURRENT ASSETS Debtors & Pwpayments Cash at Bank & In HaThJ 13 10.325 128.125 138.450 6.090 198.937 205.027 LIABILITIES: C￿ditOrS Amavnts falling du• wlkn"n one year 14 27.4S8 20.781 20.781 NET CURRENT ASSETS 110.992 184,246 TOTAL NET ASSETS 111,242 THE FUNDS OF THE CHARITY Unre5trided Reserves R8stncted Reselves 16 16 13.784 97.458 111242 97 840 88.168 TOTAL CHARITY FUNDS For the year in question the company was entitled to the exemptwL from audit Linder section 477 01 Ihe Companie5 Act 21K6 relating lo small companies. - The members have not required The company to obtsin an audit of ils acc￿nts for the year in question in accordance wrth section 476. - The director5 aCknO￿edge their responsi￿1¢￿.es for complwry wrth the requirements of the Act wth respect to accounting records and the preparation of accoun1$. Approved on tEhaif of th8 Boa l T￿￿lee N SNori Oate.. 1 th oe￿mber 2024 The notes ￿ p>Jes 9 to 15 fom part ofth•se xcounts. UFESHARE UMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2024 RECONCILIAfioN OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Ne¢ rnovement in fuTrJs Add back depreciation Decluct Investment income Decreasèllincréasel in n Sage Hou$ing Cradling Good Tudor Trust Nèwby Trust Amold Clark Norninet UK Good Things Ftyjndatson Zurich Household Support Fund Christmas Donations Restricted Donatsons- b￿akfast Restricted Donatsons- staff training Donaty"on in - Food 16.121 10.655 7.79J 148 334 117.8011 110.6551 17.7901 11481 18,320 334 691 29,896 35.829 24.813 25.(X)1 15.9331 124.8131 125.5011 12.0001 113.4401 12.4(KJl 110.0001 I6.7￿) 16.389 15,889 10.080 10.OC(I 3.334 5,038 1,0 13.OC4JI 2,000 15,000 15.L 13(XJl 11.5571 15.7fAI 13.5(M)I 10.OCK) 1151.4C4)1 1.322 1.370 235 4.396 lo.￿] 170.334 69.234 88,168 UNRESTRICTEO FUNDS General 186,057 186.057 255.291 184.504 184.504 354.838 272.721 272.721 424.121 97,840 97,840 186,008 TOTAL FUNDS NOTES TO THE ACCOUNTS FORTHE YEAR ENDED 31 AIARCH 2024 16 conl... Purpo$e of funds.. Global Make Some N(ys• Contrit>utlon tow•rds: to expand breakfast servKe balawe ind(hYes fuiwe depre0al￿Tr of £133 t(Wdtds art Iherapy for vulnerable youngsters for drama o)sts ttrKriJs tr* dvJrtal incknion project twdrds a resetuement worker towards the digital indusK)n wc¥era Iwards the dvjital prop for res￿le iow3rd5 $ts11 rewards ror ￿spite for respte for respile Chrtslrnas projact for respite project for 1è5pitè Art Exchange ¢trOp Forever ManCh￿ter The Access Foundation Oglesby Charitsble FouTrJatM)n Nevkny Tru$t GLKKI ThirvJs Foundation Zuri¢h Arnold Cla Albert Hunt CAF18enttey AdvanurKJ Lif8 Chances Pary Family Trust Skiplon Building soc*ty So￿5bUrI￿ 17 ANALY51S OF NET ASSETS BETWEEN FUNDS Flxed Cyrr•nt Assets 2024 Total 2023 Total Restricted Funds UnrestrKted Funds 97.458 13.534 110.992 97.458 13.784 111.242 88,166 97.840 18 CAPITAL COMMIThIENTS 2024 2023 contract￿ trrtjt rnt provthd for 19 POST BALANCE SHEET EVElffS ANO GOING CONCERN Thè trustees consider that there are rn sgnffjunt post balan￿ she8t events that impact on ts finanrial slalemenls as prèsente The cornpanls main sourte of Inccfne is grants and donthrts. The c4)ns¥Jer Ihat it is appropriate to prepare the accwnts on a going concem basis and, conse]uenly. ￿ axounts do not I￿L￿ye any adjustments thal would be n￿$S￿ry if t￿ fuThJLng ifthrne ￿aSe. 20 ULTIMATE CONTROLU14G PARTY The cornpany is under the Sho￿ ¢ontrcA of TnJstee5 Pwje 1.