OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03023526 (England and Wales) REGISTERED CHARITY NUMBER: 1050697

Trustees Annual Report including Directors’ Report and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Life-Ways

Page 1

Contents of the Annual Report and Financial Statements for the year ended 31 March 2024

Page
Report of the Trustees 3
Objectives and Activities 3
Achievement and performance
(including financial review) 4
Reference & Administrative details 10
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15

Page 2

Report of the Trustees including Directors’ Report for the year ended 31 March 2024

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

The company is established:

  1. To promote the relief of sickness and advance the education of the public by the provision of facilities and services to meet the emotional and medical needs of all individuals who require them and to improve the quality of life for such individuals by means of holistic care, services and medicines.

  2. The advancement of religion.

  3. To make grants to other charitable centres and organisations established for all or any of the objects, as the Trustees may in their absolute discretion determine.

  4. A Council of Members/Trustees manages the charity with the assistance of a full-time executive, part-time reception and administration staff and voluntary help.

The charity operates from its centre at the above address and activities include:

  1. Providing access to a broad spectrum of counselling and complementary therapies in keeping with its objectives.

  2. Arranging and supporting community and awareness events.

  3. Supporting locally-based charities that share Life-Ways’ objectives.

Page 3

ACHIEVEMENT AND PERFORMANCE INCLUDING FINANCIAL REVIEW

2024 Highlights

Life-Ways Trustees have made working with children and young people a priority after a growth in demand for services to help manage anxiety, depression and difficulty attending school.

To this end we have developed exciting new projects, working in partnership with other charities which help young people:

In addition to our youth projects, we have started a Menopause Support Group, a new Wildlife group that is working on local projects, and a free counsellors’ networking group for continuing professional development.

Promotion

During the period April 2023 to 2024 Life-Ways has:

Investments & reserves

Life-Ways holds financial reserves to ensure long-term financial viability, and to provide additional income and continuity to deliver our charitable objectives.

Life-Ways’ trustees take professional financial advice from Warwick Financial Solutions Limited (an FCA-regulated firm) which also manages our investment portfolio. The Trustees of Life-Ways have set investment parameters of low to medium risk for the portfolio, targeting a 4% to 5% return in the medium to long-term. In the year to 31[st] March 2024, Life-Ways’ portfolio made a gain of £49,380, more than recouping a loss of (£31,990) the previous year. During the year £100,000 was

Page 4

moved from the investment portfolio into fixed rate bank deposits, taking advantage of higher interest rates and reducing exposure to market volatility.

Improvements to house and grounds

Every year an audit of the property is carried out to ensure that the structure and comfort of the building is maintained and improved. Work carried out this financial year was mostly maintenance as so much was achieved during the lockdowns of the previous years.

Improvements to the house made this year:

Improvements to the garden made this year:

All maintenance and upkeep of the garden now takes place on a voluntary basis, including:

Therapies and room lettings

The range and number of therapists working at Life-Ways continued to increase in this financial year. In 2023/24 our bookings increased by 22% to 10,655 hours (2022/23: 8,855 hours). Income from room lettings increased by 14% to £77,795 (2022/23 £68,085). The average room rate was lower reflecting an increase in charitable and social usage.

Charitable Giving

Lifeways aims to support social and charitable projects through:

a) The provision of low-cost and no-cost rooms for charitable and not-for-profit organisations. The total savings that charities and not-for-profits made in the year from low-cost / no-cost room space more-than doubled to £ 10,800 (2022/23: £5,121).

Page 5

b) Targeted donations. Direct charitable giving in the year increased 7-fold to £14,265 (2022/23 £2,011). We supported projects in partnership with three other local charities, all of which focus on helping young people, being The Autistic Girls Network, Lifespace Trust and Escape Community Arts.

Charitable room rates:

Rental of rooms in the house is charged at the rate of £9.20 per hour or £6.80 for charities or those seeing clients with low wage or no wage. In the garden, the rates are £6 per hour and £4 per hour respectively. We also offer our rooms free-of-charge to some organisations (for example CRUSE Bereavement Care) as we see their work as valuable and matching our aims. Over the 2023/2024 period covered by this report, usage by charitable, Not for Profit (NfP) and community groups increased on the previous year.

Other charities, Not-for-Profits and community groups working at Life-Ways during 2023/24 and paying charity rate include:

Life-Ways also provides a venue free of charge to the following:

Page 6

Life-Ways grounds

Life-Ways has beautiful gardens that extend to nearly an acre. They are being used free of charge

almost

exclusively for community and environmental projects including easy-access spaces for special-needs gardeners, a community allotment space, a permaculture garden and a wildlife area with beehives. The whole garden is maintained on a voluntary basis by local people and Life-Ways therapists.

Over the period covered by this report, Life-ways garden has been used as a therapy and social meeting space by a plethora of local groups and individuals. We have allotment spaces, a woodfired pizza-oven, and we welcome visitors in need of a quiet space throughout the day.

We’ve also hosted community events, including:

Public Benefit

The Trustees believe that they have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The Trustees are confident that despite Covid restrictions, public and social benefit from Life-Ways has continued to grow over the past twelve months as we have tried to find ways to support the community.

Management personnel and systems

Since the last Life-Ways annual report, James Pavitt has continued as Manager for Life-Ways. Lucy McLeod was employed to provide office support for 16 hours per week from May 9[th] , 2022, and from February 2024 her hours were increased to be 24 hours per week.

Page 7

Life-Ways has also continued to develop its policies and has the following policies agreed by the Trustees:

We also continue to maintain a register of Trustees Interests and open each meeting with a declaration of interests on agenda items.

James Pavitt maintains the accounting records at Life-Ways, overseen by Trustee and Treasurer John Wibberley. Life-Ways books are annually checked independently, and financial statements prepared. This year, Life-Ways financial statements have been prepared by John Wibberley with independent examination by Teresa Fennell of It Doesn’t Have To Cost The Earth.

James Pavitt is employed for 35 hours per week, but also volunteers his time at Life-Ways, both in the office and in Life-ways garden.

Lucy McLeod, James' office support, is employed for 24 hours per week and also volunteers her time at Life-Ways.

Payroll services are kindly provided free of charge by Counters Consulting Limited, part of the TAG Accounting Group.

Page 8

FUTURE PLANS

Life-Ways priority over the coming months will be to develop a sustainable balance between a busier house and ensuring that the needs of the charities and therapists using rooms here are met. Current room letting rates will be examined, with the aim of ensuring Life-Ways’ long-term economic sustainability and boosting our ability to support local charitable causes.

We will be continuing our support for the Autistic Girls Network and Lifespace Trust. We also aim to provide a meeting space for parents whose children are struggling to attend school.

Work will continue to ensure that the fabric of the building is maintained and that energy efficiency and reduction of our environmental footprint is encouraged as much as possible.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Life-Ways is a Company Limited by Guarantee registered with Companies House, Number 3023526, incorporated on 17th February 1995. Life-Ways is established as a charity and was registered with the Charity Commission, Number 1050697, on 15th November 1995.

The charity's address is 30 Albany Road, Stratford-upon-Avon, Warwickshire CV37 6PG. The charity's governing documents are its Memorandum of Association and Articles of Association.

Page 9

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03023526 (England and Wales) Registered Charity number 1050697

Registered office

30 Albany Road Stratford upon Avon Warwickshire CV37 6PG

Trustees

Mrs J Ewing Mrs G M Fletcher Ms S Hershon Mr M S Phillips Mr J C Wibberley Mrs M S Clausen (resigned Sep.2024) Ms H Smith (appointed Sep.2024)

Company Secretary

Mr J C Wibberley

Independent Examiner

Teresa Fennell (CIMA MiP) It Doesn’t Have To Cost The Earth Ltd 47 St Dunstans Close Worcester WR5 2AJ

Page 10

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees (who are also the directors of Life-Ways for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial 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 these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 1985. The Trustees are also

responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of Trustees on 21st November 2024 and signed on its behalf by:

20/12/2024 Mark Phillips

Mark Phillips (Dec 20, 2024 17:08 GMT)

Mr M S Phillips - Trustee

Page 11

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LIFE WAYS CHARITABLE COMPANY (‘THE COMPANY’) FOR THE YEAR ENDED 31 MARCH 2024

I report to the trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date : 20/12/2024

Teresa Fennell, ACMA CGMA It Doesn’t Have to Cost the Earth Ltd

47 St Dunstans Close, Worcester, WR5 2AJ

Page 12

Life-Ways Company number: 03023526 Charity number: 1050697

Statement of Financial Activities including Income and Expenditure Account

For the Period 1 April 2023 to 31 March 2024

31 March 2024 2024 31 March 2023
Notes Unrestricted
funds		 Restricted
Funds		 Total funds Unrestricted
funds		 Total funds
£ £ £ £ £
Income and endowments from:
Donations and Legacies 2 1,682 - 1,682 4,744 4,744
Charitable Activities 3 77,795 - 77,795 68,085 68,085
Investments 4 4 - 4 4 4
Total 79,480 - 79,480 72,834 72,834
Expenditure on:
Raising Funds 0 - 0 0 0
Charitable Activities 5 90,039 - 90,039 69,796 69,796
Total 90,039 - 90,039 69,796 69,796
Net income/(expenditure) before
gains/(losses) on investments		 (10,559) - (10,559) 3,038 3,038
Transfer between funds - - - - -
Realised / Unrealised gain/(loss) on
investments		 49,380 - 49,380 (31,990) (31,990)
Net movement infunds 38,820 - 38,820 (28,952) (28,952)
Reconciliation of funds:
Total funds brought forward 885,260 - 885,260 914,212 914,212
Totalfunds carriedforward 12 924,081 - 924,081 885,260 885,260

The notes on pages 15 to 21 form an integral part of the financial statements.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Life-Ways Company number: 03023526 Charity number: 1050697

Balance Sheet

Balance Sheet
31 March 2024 31 March 2023
Notes Unrestricted
funds		 Total Funds Unrestricted
funds		 Total Funds
£ £ £ £
Fixed assets
Tangible Assets 8 279,572 279,572 289,861 289,861
Fixed Asset Investments 9 569,665 569,665 520,286 520,286
Totalfixed assets 849,237 849,237 810,147 810,147
Current assets
Cash at bank and in hand 10 75,681 75,681 72,005 72,005
Debtors 11 8,820 8,820 9,526 9,526
Total current assets 84,501 84,501 81,531 81,531
Creditors: amounts falling due
within one year		 12 (9,658) (9,658) (6,417) (6,417)
Net current(liabilities)/assets 74,843 74,843 75,113 75,113
Total assets less current liabilities 924,080 924,080 885,260 885,260
Total net assets 924,080 924,080 885,260 885,260
Funds of the Charity
Restricted funds 13 - - - -
Unrestricted funds 13 924,081 924,081 885,260 885,260
Totalfunds 924,081 924,081 885,260 885,260

The notes on pages 15 to 21 form an integral part of the financial statements.

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

The directors acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Companies Act and for preparing accounts which give a true and fair view of the state of the affairs of the charitable company as at the end of the financial year and of its results for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the charities Statement of Recommended Practice and Financial Reporting Standard 102 section 1A.

The financial statements were approved by the Board of Trustees and authorised for issue on 21st November 2024 and were signed on its behalf by:

20/12/2024 Mark Phillips

Mark Phillips (Dec 20, 2024 17:08 GMT)

MARK STEPHEN PHILLIPS Director and Trustee (Chair)

Page 14

Notes to the accounts

1) Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of accounting

The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of The charity has applied the exemption available to small charities in the Charities SORP (FRS 102) and does not include a Statement of Cash Flows in these Financial Statements.

Life-Ways meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting notes.

b) Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c) Fund accounting

The Charity maintains various types of funds as follows:

Unrestricted Funds: Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose in furtherance of the objectives of the Charity.. The Capital fund represents unrestricted funds which the trustees have designated to preserve the permanent infrastructure and longterm financial viabilty of the Charity. The General funds, designated or otherwise, represent unrestricted funds which are expendable at the discretion of the Trustees in the short-to-medium term in furtherance of the objectives of the Charity.

Restricted Funds: Funds which the donor has specified are solely to be used for particular activities or projects. There are no restricted funds at the end of the reporting period.

d) Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the income, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income from charitable activities includes income earned from trading activities to be used to undertake activities to further the objects of the charity. Income is received in exchange for supplying goods and services and is recognised when entitlement has occurred.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Annual Report.

e) Expenditure

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 directly relates to the objects of the Charity and is shown inclusive of VAT.

f) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs, governance costs and administration costs. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs have been allocated to activities on a basis consistent with the use of the resources. The basis on which support costs have been allocated are set out in note 6.

Notes to the accounts

g) Tangible Fixed Assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at annual rates calculated to write off each asset over its estimated useful life. The asset lives were changed for certain asset categories in the accounting period. Hybrid rates are applied to depreciate the opening net book value of existing assets evenly over the remaining term.

Review of classification and depreciation rates (2024)

The asset lives were changed for certain asset categories from 01/04/2023. Hybrid rates have been applied to depreciate the opening net book value of existing assets evenly over the remaining term. Certain assets acquired since 2018 were transferred from Fixtures and Fittings to Computer & office equipment. New and comparative depreciation rates are set out below.

Freehold property: New Rate Comparative rate Main house Over 50 yrs from 2008 valuation No change Main house improvements Over remaining life of the house Over 50 years from date of spend Permanent garden structures Over 10 to 20 years Over 50 years from date of spend Plant and equipment New Rate Comparative rate Plant and machinery 15% on reducing balance No change Computer & office eqt. (from 2018) Over 5 years 15% on reducing balance Fixtures and fittings New Rate Comparative rate Fixtures and fittings 15% on reducing balance No change

Financial impact of the depreciation

Depreciation for the year is £1,791 higher than would have been the case under the comparative rates.

h) Fixed Asset Investments

All gains and losses are taken to the Statement of Financial Activities as they arise. Unrealised gains are caluculated as the difference between the market value at the year end and opening market value.

i) Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount due after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 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 will 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 provision are normally recognised at their settlement amount after allowing for any trade discounts due.

k) Corporation Tax

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Charity for UK Corporation Tax purposes. It therefore does not suffer tax on income or gains applied for charitable purposes.

l) Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Notes to the accounts

m) Key estimates and accounting judgements

In applying the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The Trustees’ judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of revision and future periods, if the revision affects both current and future periods.

n) Statement of Financial Affairs - Income classification and restatement of prior year.

Income from therapies, workshops and courses has been shown under "Income from Charitable Activities". In previous years it was shown under "Other trading activities". The 2022 comparatives have been restated in line with this reclassification, which was adopted after taking professional advice.

2) Income from Donations and legacies

2) Income from Donations and legacies
Unrestricted
funds		 Restricted funds 2024
Total
funds		 2023
Total funds
£ £ £ £
Donations and gifts 1,682 1,682 4,744
Grants - -
Legacies - -
1,682 - 1,682 4,744
3) Income from Charitable Activities
Unrestricted
funds		 Restricted funds 2024
Total
funds		 2023
Total funds
£ £ £ £
Grant income - -
Therapies, workshops & courses 77,795 77,795 68,085
- -
77,795 - 77,795 68,085
4) Income from Investments
Unrestricted
funds		 Restricted funds 2024
Total
funds		 2023
Total funds
£ £ £ £
Income (loss) from investments 4 4 4
4 - 4 4

Notes to the accounts

5) Analysis of Charitable Activities
breakdown for review / consideration
Basis of
Allocation
Direct Charitable Activities:
Staff Costs (see Note 7)
Direct
Pensions
Direct
Charitable donations
Direct
Direct
Support Costs:
Staff Costs (see Note 7)
Rates and water
Usage
Insurances
Usage
Light & heat
Usage
Telephone
Usage
Postage & stationery
Usage
Advertising & marketing
Usage
Sundries
Usage
Cleaning
Usage
Repairs & Maintenance & equipment ex
Usage
Computer & IT
Usage
Depreciation (see Note 8)
Usage
Bank Charges
Usage
Governance:
Accountancy fees
Direct
Independent Examination
Direct
Other legal & professional
Direct
Staff Training and Welfare
Total Charitable Activities		 Unrestricted
funds
Restricted
funds
2024
Total
funds
2023
Total funds
£
£
£
£
39,416
39,416
35,719
1,211
1,211
1,111
14,265
14,265
2,011
-
-
-
-
2,569
2,569
1,095
1,010
1,010
981
2,984
2,984
1,536
670
670
600
916
916
589
240
240
650
546
546
801
4,991
4,991
4,475
7,832
7,832
8,400
1,444
1,444
1,570
10,739
10,739
9,079
36
36
72
88,869
-
88,869
68,689
-
-
850
850
850
-
-
57
320
320
200
1,170
-
1,170
1,107
90,039
-
90,039
69,796

6) Employees

Salaries and Wages
Social Security costs
Pensions		 2024
£
39,416
1,211
40,627
2023
£
35,719
1,111
36,830

No employees received employment benefits for the reporting period of more than £60,000 (2023: none).

Average headcount in the year

2024 2023
Admin 2 2

Notes to the accounts

7) Tangible Fixed Assets

7) Tangible Fixed Assets
Freehold Property
Plant and
equipment
Fixtures and
Fittings
Totals
£
£
£
£
COST
At 1 April 2023
395,032
13,711
9,742
418,485
Transfers
1,119
(1,119)
-
Additions
450
0
450
At 31 March 2024
395,032
15,280
8,623
418,935
DEPRECIATION
At 1 April 2023
112,005
12,465
4,154
128,624
Transfers
342
(342)
-
Charge for year
9,228
789
722
10,739
At 31 March 2024
121,233
13,596
4,534
139,363
NET BOOK VALUE
At 31 March 2023
283,027
1,246
5,588
289,861
At 31 March 2024
273,799
1,684
4,089
279,572
8) Fixed Asset Investments
Market value of investments at 31 March 2024
569,665
520,286
Historical cost of investments
Cash held by investment manager
Total value of investments at 31 March 2024
350,800
-
569,665
350,800
-
520,286
Total Market value of investments at 31 March 2024
569,665
520,286 There were no investment
MARKET VALUE
At 1 April 2023
Realised and unrealised gains (losses)
520,286
49,379
552,276
-
31,990
2024
£
2023
£
Investments at market value comprise of:
Managed funds (equities, bonds, gilts)
Cash and Cash Products
466,253
103,412
454,798
65,488		 Freehold Property
Plant and
equipment
Fixtures and
Fittings
Totals
£
£
£
£
395,032
13,711
9,742
418,485
1,119
(1,119)
-
450
0
450
395,032
15,280
8,623
418,935
395,032 15,280
8,623
418,935
112,005
9,228		 12,465
4,154
128,624
342
(342)
-
789
722
10,739
121,233
283,027		 13,596
4,534
1,246
5,588		 139,363
289,861
273,799 1,684
4,089		 279,572
569,665
520,286
350,800
-
569,665
350,800
-
520,286
569,665
520,286 There were no investment
520,286
49,379
552,276
-
31,990
2024
£
2023
£
466,253
103,412
454,798
65,488		 552,276
-
31,990
2023
£
520,286
350,800
-
520,286
454,798
65,488

assets outside the UK.

Notes to the accounts

9) Cash and cash equivalents

10) Debtors and Prepayments
(optional if you want to include this note)
2024
Unrestricted
Restricted
Total
£
£
£
Bank account - CAF
-
-
Bank Account - Current
75,681
75,681
Cash in Hand
-
Total Cash at Bank and in Hand
75,681
-
75,681
Accounts receivable
Accrued income
Prepayments
Total
2024
Unrestricted
Restricted
Total
£
£
£
103
103
6,543
6,543
2,174
2,174
8,820
-
8,820		 2023
Total
£
3,141
68,864
-
72,005
2023
Total
£
8
7,536
1,982
9,526

11) Analysis of current liabilities

Analysis of creditors: falling due within one year

Accounts payable
PAYE & National Insurance
Independent Examiner's Fee
Accruals
Other creditors
Total		 2024
Unrestricted
Restricted
Total
£
£
£
3,958
3,958
-
-
850
850
4,642
4,642
207
207
9,658
-
9,658		 2023
£
3,679
1,317
850
432
140
6,417

12) Assets represented by each fund class (all funds are unrestricted)

Fixed Assets
Investments
Current Assets
Current Liabilities
Total net assets at 31 March 2023		 Designated
capital fund
Designated
general funds
Undesignated
general funds
Total funds
(unrestricted)
Total Funds
2024
2024
2024
2024
2023
£
£
£
£
£
279,572
-
-
279,572
289,861
387,500
132,165
50,000
569,665
520,286
-
73,835
10,666
84,501
81,531
-
-
(9,658)
(9,658)
(6,417)
667,072
206,000
51,008
924,080
885,260

Notes to the accounts

13) Movement in funds

13) Movement in funds
this information populates from the
SOFA
Restricted Funds
Unrestricted Funds
Total Funds
Prior Year Comparative
Restricted Funds
Unrestricted Funds
Total Funds		 Balance at 31
March 2023
Income
Expenditure
Revaluation of
Investments
Balance at 31
March 2024
£
£
£
£
-
-
-
0
0
-
-
-
-
-
885,260
79,480
(90,039)
49,380
924,081
885,260
79,480
(90,039)
49,380
924,081
885,260
79,480
(90,039)
49,380
924,081
Balance at 31
March 2022
Income
Expenditure
Revaluation of
Investments
Balance at 31
March 2023
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
914,212
72,834
(69,796)
(31,990)
885,260
914,212
72,834
(69,796)
(31,990)
885,260
914,212
72,834
(69,796)
(31,990)
885,260

14) Trustees' expenses and remuneration and related party transactions

The Trustees all give freely of their time and expertise to fulfill their trustees' duties without any form of remuneration or other benefit in cash or kind (2023: £nil).

As part of our charitable giving to Lifespace Trust, Lifeways has paid for Mark Phillips' time at a discounted rate to provide clinical supervison as part of this partnership project. 2024 cost £150 (2023, £NIL)