Llfeworks Charity Limited (A Charftable CompAny Llmlt•d by Guarants•) Annual Report and Flnanclal Statomw For th• Year Ended 31 August 2025 CompAny Number. 03177139 Charlty RwJl•tsY•d In England and Wal9¥ Numb•r. 1054167
Llfeworks Charlty Llmited Contents For the Year Ended 31 August 2025 Reference and Administrative Details TnJst88s' Report 3-17 Ind8p8fKlent Audltors. Rewt to the Members 18-21 Statement of Financial Activitses Balance Sheet Stalement of Cash Fh)ws 24 Notes to Financial Ststements 25-38
Llfeworf(s Charlty Llmlt•d Reference and Administrative Detaits For the Year Ended 31 August 2025 Trustsè Dlr•¢tors P J J Clarkson- Chair M A W Alderson H Flint (from 23 SeptwnLw 2025) B Harty L Mackenzie (from 3 Juty 2025) S Puleston Senlor Leadorshlp Team Chief Executive & College Prin¢ipal Head of Finance & GovernanGe K Dorow J Parsor (from 26 June 2025) (until 16 May 2025) Charity Numbor 1054167 Company Number 03177139 Prlnclpa Addrass and Registered Offlc• Les(xze Offic8s RcKAn 33 Shinners Bndge Dartiryton TQ9 fkiD Audltors Albert Goodman LLP Blackbrook Park Avenue Taunton TA12PX Bankers Lloyds Bank plc For8 Strè8t Totnes TQ9 SHH Sollcltor8 Nash & Co Soli(itors LLP Beaumont House Beaumont Parf( Plymouth PL4 9BD Produced by Abert Goodman LLP Page 2
Llfeworks Charlty Llmlt•d Trustees, Report For the Year Ended 31 August 2025 Th& Trustees, who are also directors of the Charity f¢y the purposes of the Companies Ad, wes8nl their annual report (incorporaling the directors retM)rt as required by c¢)mpany law) aThJ audited financial ststements for the year ended 31 AwJust 2025. The financial stateménts have ten prepared in aordanCe with the accounting policies set out in rte 1 to the financial statements. Cc)rny wtth the Charty's goveming document, applicable law and the requir•))1 of the Statement of Re(xYnmended Practice. "Accounting and Reporting by Charities" (SORP FRS 102) {impl8mentéd 1 January 2019), and are in acrdance with th8 speclal wovlslons r8latNvJ to small companies wilhn Part 15 of Ihe C(panIeS Act 2{. Lifeworts Charlty Llmltsd Is a dwity arKI a thitable (xynpany and is varjUS1Y referred to throughout this report as eithèr Ihe Charity or 1he Companf. The Charity operates under Ihe nam& of 'Lrfeworks'. It was incorporated 25 Marth 1996 as a company limited by guarantee. governed by a memorarvjum and articles of assoaation. The Gharity was previously named The Bidwell Brook F¢JJndalK)n Limited. changed its name on the 15 February 2013 to -LIfew0 Charity Limit&f. its company number is 03177139 and its Charity registration number is 1054167. The registered offic8 bs Lescaze Offices Room 33, Shinners Bridge. Dartington, Totnes. Devon. TQ9 6JD. Admlnlstrative informalion is given in a separate Secti at Ihe fr(1 of these accounts. Th8 directcrfs of the Conyany are the ChaiTVs trustees for the purFThe of charity law arKJ throughout this reF(Ml are colleclively referr to as the Trustees. The Truste85 5erMTr3 dur¥ the PorK and since Ihe pernd end are as follows: M A W Alderson P J J Clarkson H Flint B Harty C Laithwaite L Mackenzie S Pulest A Vaughan Chair (appointed 23 Septwnbw 2025) (resignèd 20 December 2024) (appointed 3 July 2025) (appointed 3 DeClthr 2024. resigned 7 February 2026) None of the Trustees have any benefic4al interest in the Company. Al of the TrteeS are m&nbers of thè Company and guarantee to Contr1tte £10 in Ihe event of a inding up. The Board of Trustees {-Bof) oversees th8 administration of the Charity and meet formalty a minimum of four times during the y8ar. In addit¥)n, the CEO holds Trustse update meetings via Teams four times during the year, b8lween full Board meetings. kngside these. a number of strat8gy meetlngs took place during Ihe year with Trustees arKI members of the Senior Lif8W0 Team (considered to b8 the K8y Management Person1). A Finance Sutpcornmittee, and a College Governan Committee both reFJt to the Board, with tb Trustees per sUtCnMlttee attendlng these meetings dwirwJ the year. Produced by Abert Gcdman LLP Pag6 3
Llfeworks Charlty Llmltod Trustees, Report For the Year Ended 31 August 2025 Day io day management of the Chanty is delegated to the CEO arKI the newty created Charity Management Team. replacing the fomw Senior Leadership Team structure. The Trustees take advic8 from extemal professionals, depe1t on the nature of any speciahsed SUFWt they need. The charity uses a variety of for attra Tnth whic inclyje r8(x)meThJations and external intemal advthtising. The drity rnainty thertises in the volunteering communty and on our website. There Is a TnJste8 Rewitment policy in place, aThd in tern of th8 prcws. the dwrity asks for a CV initially. from there it is usual for the candidate to me8t on an informal basÉs with the CEO. Once this has happened. they YUld be asked to complete an application fomi and are invited to an interview which is usually attended by the Chair of Board and another Trustee. Stsndard safer recruitment practices are applied in line with pICY and Fxocedure whith indudes obtaining iwo satisfactory references and enhanced DBS d)eck. In addition to this they are also required to compl8ts a declaration of eligibilty. All new Trustees recelve a Charty IrKluction which inckMJes vL8ltlr¥J Ihe serrfic8 areas and bèlng introduced to staff. They also undertake a number of frleamirKJ courses which include safèguarding. MCA & DOLS and GDPR Trustees also attend govemance trainirKJ thich part of their IndlI1)n. Thè arran •nts for sottln and remunoratlon of Mana emont Personnel SenicK 8x8cutive pay is set after u)nswJeriThJ wization tumover. nnber of en¥Aoyees. in4ob risk, and any other benefrts and incentives and benchmarkiThJ within Ihe thariiable, educati and care sector. Pay scales managers, admini5tratK)n surr staff, care team and ancallary staff are bench marked against comparable rotes. level of relevant qualifications and ability to recruit within the locallty. Lifeworks is a Real LivirKJ Wag8 em0y. Publk Bonfrfft Th8 Trustees have due regard ts Ihe Charity Commission's guidance on public benefrt WKI have mpleted a public benefft review and L¥)nduded that the activiknes during the year are in accordance with the Charitablé Objectives of the Charity arKI salisfy the rawlrlants of identifiaL4e benefrt to the public. Ob ectives & Actlvltles The organisation is a charitable company limited by guarantee, 1Th)yped on the 25" March 1996. The company was established under a Memorandum of Associ8tit)n. vthith estsblish8d th8 objects arKI powers of the charitable company and is govemed under its Artides of Association. The aim of the Charity Is to provide supp)rt to individuals with leaming disabifities thrOh the provision of serVIS and advice almed at improwng the conditions of their lives, thar tsmilies, and th&ir futures. Lifeworks. vision is for an inclusive society where there is true equtty. arvj wtber8 P80pI8 With 18aming disabilities are valued, accepted. and ern[red to fulfil their potential. Lif8works' mission is to cxeate opportunities for peopl8 wtth lèaming disabi&ties to have a great lrfe. Prthjuced by Albert Goodman LLP
Ufeworks Charity Llmited Trustees, Report For the Year Ended 31 August 2025 We achieve this by delivering aspirational activitses and seNices, and we wort in partnership with others to ensure the right support is provided at the right time in the right way. We are a 18aming organisatlon so we Invest kn our staff and believe that everything we must be oulstandiro for those who use our sètvices, their families and those who invest in us. We deliver supFKxt through ambitious needs-led services in care. education and commurwty proi8ds. Overvlow Sosamo Sesame Is a 4-bedroom residential h$9 in T(xquay for adutts th leamlng disablltles. The hous9 vms bought by Lrf8works in 2(K)9. and after a major refuthshmen( op8ned in its current format as a Care Home, providing a home from home enrCrnenL This beautiful home stls in a quièt. yet convenientty set, loCatn in Torquay and provides a calm envlronm8nt to enjoy an Independent lifestyle with the support of 24hOur care. Its missKm is to continue the support gNe famlli8s by 1J1T¥j full residential care for adults vAth learning disabilities. Its aim is providing care in a safe and accessible horne and to suppcKt these adults towards a more independenl and fu111n9 life by continuirvJ their leaming in the homes, development of independent living skills, as VMII as engaging with a broad range of activities in the h)cal MMUnIty. We are committed to mantaining a wnsisteni aFwath to the runnin9 of S8sam8 in lin8 viith our charity values: personac8nter8d. respectful. kind. positive, truslv•Drthy and courageous. ensuring our residents experience a caring homè envIrrnt, and we are supwrting them to 8thleve thelr very best futures. Residents are supported to acctss other ser4ices wlhin the charity and join in with a range of activities, 8.g. baking sessions and attending the colege st(wJ1 drop h cafe. The home has full registration wilh the Care Quality Commission {CQC). with the last fvll Insl0n conduded in December 2023. Revenue funding com8s from De Cwnty Council and Torbay & Devon NHS FourKlation TrusL who commlssp)n and place the people supporL In addln, the tharity fundrals8S to develop both the 8nvironment and the cornmunty invofvement to enhance the independent ¢JJtcomes of the people living With us. Residents, and relatives. voices are crucial in InU how we run our raWViCeS. and we strive to ensure that these rA)ntinue to shape how we work and the seprfices we provide. A range of famity activity days have now also been IMnted to ensure we c¥ntinue to support residents where Frf)ssible to have positive engagements with thr relatives, here within their home. Key Impacts.. Sesame ttinueS to be a happy and well managed h(xne. The ccynmitted and stable staff leam work together to achieve excellent rxrtcomes for the residents. The seThice provides a safe and caring hcvne for a maximLrn of 4 rop18. We are at ful capaaty. and all resi(lents are happy and thriving. December 2023 CQC Inspection overall OUtCLne. Good. al areas receiwng a good rating (safe, effective, caring. responsive. weIed). PrLMlu¢ed by Alb¢rt Gc(*Jman LLP Page 5
Ufeworks Charlty Llmlted Trustees. Report For the Year Ended 31 August 2025 Full CQC repcrt: esame HTML re Llleworks Colleg• Lifeworks College is a smdl speciahst irtydl Furthèr E(hKation Co118g8. whith op8n8d in 2011, that provides a safe arKI supporknve 18aming envmnment for young ppIe from th8 agès of 16 to 25 who have leaming disabililies arKA hold an Education. Health and Care Plan. The colkge is located in a autiful village environment. with a Str c(mUr11ty spiri( ck)se to the town of Totngs in South Devon. It offers a cornprehensive program of personal, swal and vocational education on a daily basis. Staff ¢bsely with the students, families. lorAI businesses. outside ag8nc¢es, to deliver ts main outcomes for leamers of ITrjependen. personal developmenL empk)yment and community Invofvement. It is fully registered with the Deparbn8nt of E(kKalion. funded by the Educati and Skills Funding Agency (ESFAJDfEI, Lal AutntY SEND Cornmissioning. aThJ is inspecled and graded by Ofsted - with current gradirg an ov8rall Good ratirvJ with two ChJtstandirwJ grajes for Personal DevebFwnent. and 8ehavb?urs a1 Attitudes. The college provides an aspirational curriculum, offering a comw8hensive program of perscal. social and vocalional education. along with a strong enrichment program, thich incIleS a range of actlV8 w8llb8ing and creativ8 Sessions. and tutlaIs. All students undertake a w(Kk pla¢emen( and these arg placed in relation to thgir chosen care8r palh and suitable locats.(. The college students Fwulalion contnues to grow year on yw. Students are also provided with op[rtunitI?5 to attend resKleA)lials and extracurricular activities. The rriculum is tailored to rneel the needs of the iTrliVith1. ensuriry all students are supwted to reach their full potential. Produced by Albert Gty)dman LLP Page 6
Llfeworks Charity Llmited Trustees, Report For the Year Ended 31 August 2025 There is a strg stLMJent voice thrcwgh the estsblished Sludent Council. and these. along wth the Parent Forum, and employws, help to shap8 the d8vebpment of the curriGulum and study program. Staff work closety wilh the students. famiheslc*ers, local businesses, and oulsKle agencies to deliver its maln outcijnes of IndeFwKJence. pers81 ek)rKn6nL employment. and (NnunIty involvement. The college had a lull Otsted Inspedion in November 2024. this demonstrating significant and rapid imFrfov8m8nt of thé college and is tèstament to Ihe conlmued dedicalion of the S&t0 ènsurn th8 best possib outcomes for all students. Inspectlon outcome The overall oulcnme of the inspectiC (In 27 November 2024 was. Good Qualty of educatlcm: 8ehaviour arwj attitu.. tknnding Out•tsndlng LeadehiP afKI Provislon leamers ¥•illi high ne". Full report- Lif rk Coll n-Fi nln Oiry9 Produc8d by Abert GdMan LLP Page 7
Llfeworks Charlty Llmlted Trustees, Report For the Year Ended 31 August 2025 Key Impacts:_ Achlevement Rate Retentlon Rate Pass Rate 1000% i 00.0% X.P¥?u W2-.4 Achievemènt Rates - Through highly effeclive teaching, 188miNJ, and assessment. $UPFted by a rigorous qualty assurance preSS. LifevK)rks Coll8g8 has seen a ojnsistent and significant improvement in athievement rales across the Study F¥ogramme. reathing an impressive 100%% demoristrating consistent improveThnt over the last three years Artsmark Gold Award - Lrfeworks College was once again proud to achieve the prestigitjus Gold Award. a recognition of the ccAl&g8's cornmttment to high-quality arts education. Prestigtous Trirmty Champion Centre 2024-2025- champK)n ¢entres we reo)gni8ed by Trinity for thelr successful dalivery of qualifications and demortstrth our str(xvJ exarn results. exciting programm8 of evonts and positive impact on Leamefs. Unique Award- In a national compelition. one stLaent secured 1st prize. with another student winning 2nd pla(%. showcang the extracffdinary artisilc talent within the ¢xAlege. Duke of Edinburgh (DofEI and Juknlee Challenge- 100% of leamers who partiL?pated successfully completed and achiev&l their DofE Awards. a remarkable accomplishment that highlights their resilience. determinab'on, and teamwork The experience was enritheil wilh many memrable mornenls. but the epltome of the powerful demonstration of the college's ethos of Care. perseverance. aTrJ unwavering supporL DofE progranvne rM)t orty fosters personal achievernent but also develops core employability skills highly valued by employers, IndJing pro8m-S01VIng. tsamwork, communication. and rèsifience under challenge. Leamers demons independ8nc8, leadership, and commitment. di of which translate direct nto wcffkplace readiness. The prxle and sense of accomplishmenl wore profound. With many leamers now inspired and eager to take part again in 2026. Prothced by Abert Goodman LLP Pagg 8
Llfeworks Charfty Llmltsd Trustees. Report For the Year Ended 31 August 2025 Careers South West Compass assessment awarded 11Y)% the second year. This is align8d to th8 Galsby Benchmarks and demnstrates the stroThJ wmmitsnent of the cc4lege to SUPFX)rtirKJ stents with next stèps to career deveWnenL riewer - Pro(kKgd by Albert Goodman LLP Page 9
Llfeworks Charlty Llmltod Trustees, Report For the Year Ended 31 August 2025 ,$.; hlllii,, Day Services is the new umbrela tth for all our day serrfice actsvities. bringing tog8th8r Youth Clubs, Holhday Clubs, and Adult Day SeNlces whith enables young people arKJ adults to better access work and community actlvities that link to transition and preparing for gr8aier indeperKlence. as well as social and cL¥nmunty interaction. Produced by Albert G1mIMan LLP Page 10
Llfeworks Charlty Llmlted Trustees. Report For the Year Ended 31 August 2025 Koy Elements: Youth & Adult Soc5al Clubs: first dub opened Ki 1999. The dub ett¥)s is to wovide recreational and educational dubs for young people wFlh 18amiNJ disabilities by offerirvJ a dDierse range of opportunities for sociallsing, developing frlendshlps. offering supFMxt for families and carers and progressing skills essential for independent IMThJ. The dubs run on Satwdays. The wde range of activities support the young people 12 17. and 18 years plus. to access th8 community and bn'r¥J together what has been leamt at school, Co118g8 and home to support their transition into b8irvJ an adive rnember of their Ic1 <x)mmunty. The club membership continues to grow year on w. Holiday Clubs: offer a wide rarvJe of xtiyitses arKI social oprthuniti8S to young pwl8 with leaming disabilitses across South Oevon during schoov college holdays. We have exparKled the age range and ojntinue lo gather feedbac* from our stakeholdèrs to erts6 we m88t needs and offer those opp(Ktunities that may not otherwise be available. The clubs are funded through direct paents, commissK)ning. parenlal (x)ntributDns. and fundraising. Adult Day Serv1$. Alter consultation with current Ser¥7 (wrs arKI Ixal Commissioners. in S8pt8mb8r 2024 an Adult Day Services provision was introduced: M(¥KJay to Friday frA those adults with leaming disabilities over 18, not ir) fulktime education, empbyment or traning. The seNice is designed to offer a diverse range of activities. Each day fOJSes C a theme. wlth activiti8s being personallsed. gNing participants the opportunity to engage in activities that support petsonal grow. ueatmty. and community involvement. Themes include: Preparatlon for Aduttho(wJ'. A focus on devek¥ing skills néeded for independent livSThJ, further education. and employment readiness Home Bakwig & Gardening: Hands-on sessions to expkye baking a1 gardeniw, encouraging creativity and practical skills. using ir¥Jredignts harvested fr(xn our garden into cooked dishes. whilst leaming how to budget and create budget friernyly menus. Creative Day: A day dedicated to ewession through ¢xafts. music. drama. and other cr8ats'v8 oullets. One great example is the animation project collab wilh the Phoenix Theatre. Comrnunty Engagwnent & Ltfe Skils.. Acti¥itie5 aimed at fostering (x)nnections wrthin the communty and buikling essential lrfe ski115 for daily INlThJ. alcry with bcal community projects, such as the weekly upkeep of tha Totnes Sens(ry Garden, ¥)llY created by the college siudents. Prc#Juced by Albert Goodman LLP Pagg 11
Ufework8 Charlty Llmlt•d Trustees. Report For the Year Ended 31 August 2025 Active Leisure." Physical actmties designed to te health and welbeIng, as well as educating on how to keep the body and mind healthy. A rrlI favourite is the yoga arKI mirthln8ss sessic4 Koy Impacts: improvement in confilence and SallS1r maintaining a healthy level of physKal actsvity being happy, having lun and meeting new friends developing a greater understanding of focrfj. nutrition and other health4elat8d issues taking part in fun and éngaging actpiilies that support their deveh)pment feeling safe and secure getting access to th8 right supp(1 services development of new skills or kno%*ledg8 taking part in naw experiences. for eXpIe nature walks, visiiing Nats'onal Trust prop8rties and local famis accessing work 8xperience and volunte8Tiry placMts improved skdls for life. independence. and life as an adult All front4ne services are supported by LIfeW Central Supp(Kt Services. Th team provides flnanclal. HR. GDPR, and Health & Safety suppc Finan Fundraisin Our fundraising efforts continue so Ihat we are able to dellver yoieds that enable the people wM we support to access valuable aclivities that promot8 engagernent th8ir kjcal Trnunity and encourage transf0mli)n from social and eCormi¢ disadvantage. Our aim is to achieve complete confidence and public trust by demonstrating good stewardship of funds and demonstrating positive irnpad for our beneficiaries. To realise this, approach to 8nsure the key principles of honesty. respect. integrity. transparency and respon5itillty are embedded in all our furKITaising activities. We are ¢Itted to ethical fundraising to encowage sustainable gibllng and fulty comply with PToducod by Albgrt GrxAman LLP Pagè 12
Llfeworks Charity Limlted Trustees, Report For the Year Ended 31 August 2025 the Fundraisiig Regulatorfs Code of FurKtraisiNJ Practice. No complaints have been re¢eNed during this y8ar. Llfeworks recognlses the Fundralsiro Regulatorfs guKJance dèsign8d to prote¢t donors, charity supporters and the publtc. particularly thos8 that are vulnerab. from Yjtrusive fundraising practices. Our furKJralslng actiirity this year has rtrot involved working with any third party. o)mmercial parbcipators or prof8sslonal fundrdisers. Llfeworks Is enomiously atefUl. on behalf of ts beneficiaries. all of ts wonderful vOlteerS, supporting organisations. trusts and fourMJats for the genwosity. time and energy they commlt to us as supporters, friends, and doncys. Without this many of the invaluabl8 OPPOrtunib8s w8 offer to our beneficiaries would not be possible. The Irustees acknowl&Jg8 that the greatest asset the chty has is tts staff team. Lifeworks employe(1 89 staff auoss all ar8as of the Ixtsiness. It supports thè 1)ngoirvJ leaming oppytunities and ¢8reer advancement of Its staff through diplomas. the Care Certtficate arKI individual and team training programs. During th8 year we makntalned our a[dItati( as a Dwbled Confthtt Leader. We strlve to make the most of the tslents people with disabilities can briThJ to the WkplaCe and benefft from their diverse skills, experiences and views. We belleve that our stsff deserve a fair davs pay for a hard dals work and. for that reason. w6 ar8 one of over 8,000 businesses across the UK committed to paying Ihe Real Living Wage regardless of the job that people do or how okl they are. We are a cnmmitted MirKlful Ernployer. By signir¥J the 'EnWoyers Positive abcKrt Mgntal Health, dlarter, w8 have made a W1C dedaration of our arnbition to SUPF#Yt the mentsl wellbeing of our stsff and not make assumptlons about a person with a Mental health (dItiOn and their abilty to vrk. Additionally the charity offers an Empk)yee Aswstsnce Programme. delNered by an extemal partner. We embarked a jcwmey Won9 on a strategic plan in lale 2025. a view to ensuring we ar8 agile to meet the every-changing exlemal environments. and ne8ds of our stakeholder5. This will include a deep review of wr current Vision. Mission and Values. Fe8dbad( from stakeholdèrs TrMII frjrm part of the development of a realistic strategy to brirvJ a stronger fows and move the d)arity frjrward in achieving the best outcomes for th8 people we work with. Our VISION is for an inclusive %>ciety where thero Is true equlty, and where people wlth learning disab1llt1 are valued, accepted and empowered to fulfil thelr polentlal. Our MISSION is to create opportunttles fr>r peoplo wthloarnlng dlsabllltles to hav8 a gr•at Ilfe. Produced by Albert Goo(Imw LLP Pagè 13
Llfeworks Charlty Llmlted Trustees. Report For the Year Ended 31 August 2025 r VALUES we: We are P•r8onqe•ntr•d and indusive. making sure that we ahvays focus on the perscffi and what they are able to do, SUPFQrting them to realise their aspiratK)ns arKI achieve their very best futures. We ara R•sp•cthil and beliwe that evwe has the rigm lo happy. saf8 and Ibve a fU1118d life. We value diversity treat everyone with dignity. ndnesS and respect. We land. We al need to feel safe. and valued. We are Posltlvo In our VKrk and wlth each olher and will never stop trusting Ihat there Is 8 brwter fuiure for people with leaming disabilities. We are Trustworthy. befieving in transparen, wltegrity and h¢eSty. Everything Ihat we do shoukj inspire trust and cLYffid¢e. We are Courageous arKI are driven to <Iluj8fy inrw)vate. devek)p. evaluate and improve. Ic Plllars ire iknq L'.1t oIwi lthrwh L'¢JiUPW. ryJH Ill The Year Ahead RleCtIng on the Pas(8uilding for the Future Our planned initiatives the ccnirg year indude: Operatlonal Efficiency Continulng to streamllne our operatiorts to improve Cost-effectiess with1 compromishg th8 quallty of our work. This In¢deS investing in technology thal enhances our operatKro1 (apabihties and emtthvers our workforce. and completing a reviffw of Central SupF%i Services resources. Produwj by Albwt GIXMan LLP Page 14
Ufeworks Charlty Llmlted Trustees. Report For the Year Ended 31 August 2025 Partmrshlps and Comaboratlon strenhenIng èxlsting partnerthips and se8knng lIatall(KB Ihat alwjn with our mission. By worklNJ together with other organi5ations. wè can amplify our impact and ensure a mcr8 sustainable future. Tran$p•r•n¢y and Accountsbility Reinf0lng our ¢¢Jnmitment to transPacY and aco)unLgbilty by wovKling regular wxlates to our stakeholders abwl our progress and the impact of their supporL Sustalnablllty Plannlng Developing a long-terrn 5tsInabIfty plan that balances our immerfiat8 fin¥bdal needs with our futurè gyowlh aspirations. This an will serve as a roadmap f r8tuming to financial health and ganisatiOnal stability. Ensuring a strong understanding of arent eduCatic1 pn18$ arKI oprA)rtuniti8s will form the basis of this plan, along with furKling changes in Ihe arKI day servic8 $8Ctors. Board Of Trustoes A8 a (arity. we seek to ffil our vlsk)n by supprytiFVJ. pr(xTW)t1 (ring for, advo(xting for and giving volce lo people vthh leamlng disabilitses. That is what we do and want to be(t)me kn¥n for. We are pleased to have slrength8ned the Board wth th8 addttion new Trustees, bringing a broad range of relevant sknlls. We remain committ8d to StrategTrc Plan. dewe s{e sgnificant challenges durirKJ the past 18 mnths. This sets the trajèctory for the futufe direclion of the charity with plans for growSrrfJ and extending our profile and reach in the region. Our rnotivation is to be able lo Off esS for all. increase the numbér of beneficiaries we support, fijrther enhan the quality of all Jr serrf1 and to imFffjV8 our financial sustainability in an IneasinglY chalerging eccKKffiX dimate for thè tharitable s. Thése ambitions hove informed our Reserves Policy. Fln Results for the period slw)w net profrt after depreciation of £394,724 (2024: net expeThJiture of £356,366). Total funds at 31 August 2025 stood at £2,217,850 of whth £260,405 rete$ to fixed assets and can only be realise(I by disposing of the assets. this therefore leaves unrestrided free reserves at £1,957.445. Dwignalod fund* A fomal review of our policy reserves is canied out by Trustees annualty. last cornp18ted March 2025. Our reserves policy focuses on the level of its Yree. resenrfes. (r unrestricted free reserv whith are not specifically designated agaiisl fixed assets at 31 August 2025 were £1.957.445. The Trustees have assessed what financial resources are required to meet employer and other committed flnanclal oblkjatlons and based on this assessment the Trustees have designated £943,OIXI which is equivalent lo four mnths trading incorne. of vthith £688.(K)O is designated for future risk. In addltlon to fulfil our and devewnenl requirernents during 1he forthc1 montts £95,000 has b88n designated as detailed belrMT; £20,000 V8hide acqui&tion £20,1)00 IT systems £55,1)00 Contingency A maxirwm cl £869.135 of Yree reserves. are availab to be inv8Sted into LIfevrkS projects at the discretion of Ihe Board of Trustees. Produced by Ajbert Goodman LLP Page 15
Llfeworks Charlty Llmlled Trustees, Report For the Year Ended 31 August 2025 Rl The Board of Trustees takes seric4Jsly ther duty to avoMI exposing lh8 (wty to undue risk. H(Miever. their approach to this is not b8comiThJ risk av8rs8. but instead to adopt r8sponsibl8 Managernt of risks. Lif8works use a model for assessing risk •KI to draw attent to the distwKtion beiween risks that arise from a financial situation and risks arising in other ways that be seen as non-finaniial, even rf. ultimately, they have a financHI impacL Our approach towards resolutKffi to risk is to establish an atmosph8r8 that ernpowers individuals to highlight uncertainty and raise risk as and when they ctheprfe them. Lifeths acknowledges that risk management is a dynamlc pro(tss and wll ensure that new risks are addressed as thty aris8 aThJ monitoring W11 be cydical so as to establlsh h(y* prevrously id8nlified risks may h8v8 changed. Produced by PJbert Goodm LLP Pag8 16
Ufeworks Charity Limited Trustees. Report For the Year Ended 31 August 2025 The trustees (0 are directors of Life4%orks Charity LirThted for the purposes of compary law) are responslbl8 for prepanng the Tnmtees. Annual Report (IrKorporth'NJ the Dlrethr8' Report) and the financlal stalements in a$x0rdan with applicable law and United Kingrn Accounts'ng Slandards. including Finan(aal Reporting Standard 102 T Financial Reporting Standanl appIable in the UK and Republic of lfftland (United Kjngdom Generally ApIed Aco)unting Pradice). Company law requires the trustees to prepare finarrial statements for eath financial period which give a true and fair view of the stale of affairs of the tharitable company and the income and expendilure of the tharitable company for thal period. In preparing these fanCIal statements. the trustees are qUired to.. select suilable accounting p)liaes and then apply them consistenty" observè the methods and prinaples in Ihe Charilies SORP: make judgments and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have en foll0vd, subj.ect to any material departures disdosed and explained in the finanaal statements, arKI prepare the financial statemenls on the 90ing conrn basis unless it is inapprowiate lo pSUrne that the charitable rnpanY will continue in bu%ness. The trustees are responsible for mantaining proper accountiThJ records lch disdose Vith reasonable accuracy at any time the finanrjal pogti'on of the charilable company and enable Ihem to ensure that the financial statements Nmth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tang reasonable steps for the prevention and delection of fraud and other irregularities. In so far as the trustees are avrare.. there 18 no reknant audit Infomiation ofvrtwch the chafitabl8 compgny's auditors are unaware: and the trustees have taken all sleps thal they ought to have taken to make themselves aware of any levant audit inf0mlI0n and to establish that the auditors are avrdre of that inf0mti1)n. The trustees are responsible lor the Maintenan and inlegrrty of the corporate and financial information induded on the charitable companws VbSite. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ ffom legislation in other jurisdictions. Auditors The audrtors. Albert Goodman LLP. e deemed to be re-apwinted under Secti¢X1 487{21 of the Companies Act 2006. By order of the Trustees. /t Clarkson Chair of Trustees 04 Produced by Albert Goodma Page 17
Llfeworks Charlty Llmlted Independent Auditors, Report to the Trustees and Members For the Year Ended 31 August 2025 Oplnlon We have audited the financial statements of LrfVfrtts Charity Limf(ed (the 'charilable company,) for Ihe year ended 31 August 2025. whic) MprISe the Statement of Financial Activ¢lies. Balance Shee( Statement of Cash Flows. and Notes to the FinaThial Statements. induding a summary of s)nificant accounting pollcles. The financial repcrting framework that has been applied in their prewalion is applble law and United Kingdom Generally Accepted AcntIng Practice. includiNJ Financial RepIng Standard 102: The Flnandal Reportlng Standard aFWicable in the UK and Repubk of Ir81and (United Kingdom Generalty Accepted ACCntIng Pradice). In opinion tha fin8ni?al slalements: gwe a true and fair view ol the state of the &Tilable pan8 affairs as at 31 August 2025 and of its in¢(nIng resources 01plitK)n of resour(%s for the pwicl Ihen erthd,. hav8 b88n pmp8rly wep¥ed in acccdanc8 Wtlh Unit8d lQng(kxn Generalty Accepted A¢untIng Practic8; and have been prepared in w)rdan¢e wth the reqUirents of the C(xnwwes Act 2(Th. Basls for oplnlon We cOnductj our audit in acCrdanCe ith 1rrternataI Standwds on Ajiting (UK) (ISAS (UK)) arwj applicable law. Our responsibilties under those stsndards are further descnbed in the Auditor's responsibilities for the audit of the financial statements sedion of our repo We are iThJependent of the charitable o)mpany in adance with the ethical requirements that are relevant to our audit of the financial slatem8nls in the UK. inchJdirKJ the FRC'S Ethi1 Standard. arKI we have fulfilled our oth8r elhical responsibilities in wjrdance wth these requirements. We believe that the audtt evidence we have obtained Is sufficient and appropriate io rKovide a basis for our opinion. Conclusions r•lallng to going concem In auditing the financial statements. we have conduded that the trustee's use of thb c#Jncem b85is of aclnting in the of the ffinan(aal statements is appropriate. Based on th8 work wè have p8rft>rrn, wè have not id8ntified any material un¢ertainties relating to events or nditions that. indT¥idualty or collectively. may cast signtficant doubt on the entity's abilty to continue as a going concem for a period of at least 12 months fr(xn wt)en the financial statements are authorised for issue. r reskK)nsibilities and the responsibilities of the directors with respe( to going •Cern are des(¥ibed in Ihe relevant sections of this reporL Other Inforniatlon The trustees are reswmsible for the other informalM. Th8 other compris8S the Information included in the Tnjstees. Report. dh8r than the financial statemènts and our auditorfs r8POrt ther8on. Our opinion on the financial statements does not cover the other infomation and, except to the extgnt ¢)therwise expliLitly stated in our repor( we th not 8xpress any form of assurance condusion thereon. In conneclion wlth our a1t of the finanLYal statements, our responsiblhty is to read the othw infomiatlon and. in doing so, consider whether the other InfOat)n is materialty innSIstent with the finanoal statements ¢y our knowledge obtained in the aLKlit or otherwise appws to be materially misstated. If we identrfy such material InnSIsten¢1es or apparent material misststsments. we are required to determine whether there is a material misstement in the financial ststements or a materhal misststement of the other infomatton. If, based on the Wfxk we have perfomied, we conclude that thère is a material misstatement of this other irrformation. w8 are required to reporl Ihal fai We have nothing to r8FNt in this regard. Produced ty Abert G(x)dman LLP Page 18
Llfeworks Charlty Llmlt•d Independent Auditors, Report to Ihe Trustees arKI Members For the Year Ended 31 August 2025 Oplnlon on othor matter wesrylbed by the Companlos Act 2006 In our opinion. based on the work undertaken in the Crse of the audit: the infomiation given in the Trustees. Repcrt %thich indudes the Directors, Report prepared for the purposes of company law for the financial the finan(aal statements are prepared Is consistent with the ffinaal slatements: and the Directors, Report included within th8 Truste8s' R8pct have been prepared in ac(x)rdance viith applicable legal requirements. Matters on whkh we are requlred to report by •xeeptlon We have nothing to repcrt in respect of the following matters vthere the Companies Act 21x6 requres us to report to you rf, In our opinion". adequate and woper anting recx)rds have not been kert or retUff£ 8d8qLlaté f¢ our aLKlit have not been received from Ixanches not visited by us: or th8 financial statements ar8 not in agreement with the aKounting records and retrJms: or certain disdosures of trustees, remuneration Spea by law are Th)t madè" or have not receivod all the infomats'on and explanatK)ns we require for our audit. Re8ponglbllllleg of trustO09 As explained more fully in the Statement of Truste8s' R8sponsibiltlies sèt out page 13. the trustees (vtho are also the directors ol the charitabl8 c(wrpany for the purposes of Lwpany law) are resp)nsible for the preparation of the financial stat&m8nts and for bng Satis that Ihey give a true and fair view. and for su int8mal control as the trustees determine is necessary to enable the preparation of financial statements that are free from materlal misstat8menL wh8ther due to fraud errcy. In w8paring the finan¢ia statwnents, Ihe trustees are responsitl8 for assessing th8 charitable company's abilty to continue as a going concem. disdosirvj. as applicable. matters reLqted to going concem and using the Ing concern basis of ac(x)unting unless the trustees eithw intend to liquKlate th8 dHritable company or to cease operations, or have no realistic allwnalive but to do so. Audit5 responsiblltles for the audlt of tho financlal stat•m•nts Our objectives are to obtain reasonable assuranc8 abcxrt whèthér the ffinanoal statsrnents as a whole are free from material misstatsm8nl, whether due to fraud or grror. and to issue an ajitor'S report thal includes our oplnion. Reasonabl8 assurance is a high level of &%surance. but is rnt a guwantee that an audit )nducted in accordance viith ISAS {UK) wll alway5 detect a matsrial misstatement when it exists. Misstatements can arise from fra or error and are consdered material rf, individually or in the ty3regate, they could roasonabty be expected to infiuence the economic decisions of users taken on the basis of Ihese financial statements. A further description of our resp(lbilltres for the audit of th8 financial Stat8M is k)eat8d on tha Financial Reporting Council's website at w.frC.or9.Uklaudlto1sr85wnSIbi'a$. This descTiPtion fomis part of our auditorfs reporL Irregularltles. Induding fraud, are instances of norpcornpliance with laws and regu18tions. We design ocedures in line with our respThibilities. tIned above. to detect material misstatemenls in respect of irregularitiès, including fraud. The extent to whth our wocedures are capable of d8t8cting irr8gularities, indudlng fraud is detailed below. Produced ty Ajbert Gc¥)dman LLP Page 19
Llfeworks Charlty Llmfted Independent Auditors, Report to the Trustees and Members For the Year Ended 31 August 2025 Tho oxtant to whlch the audtt was conslthred capablo (A drtectlng Irregularliles Includlng fraud Our approach to identifwng and assessiTrJ the risks of material misstatement ri respect of irregularities, iludg fraud and non-compliance with law8 and regulations. was as follows: the engagement partner 8nsured that the ervpjement team o)Ilectively had the appropriate (x)mpetence. capabiliknes and skills lo identify or reo)gnise nOnwcoM1ance with applicable laws arKJ regulatlons: we identified the laws and regulatKins applica& to the company through discussions with management, and frorn our commerual knowledge aThY experTr8nce of thé ¢tharity sector: we focused on sp8cific layé8 and regulations we consi(lered may have a direct matèrial 8ff8ct on the financAal statements or th8 opèrations of the ccynpany, induding the Companies Act 21x16. Charity Act 2011, CQC registratb)n. Otsted registratM)n. an1. employment, data protection and health and safety legislation: we assessed the extent of complianc8 with the laws and regulatK>ns identified ab¢we Ihrough making enquiries of management and inspectsng18gal correspdenCe. and identified laws and regulations wgrp c¢JM)unicated wthin the audit team regulwly and the t88m remalned alert to instances of nor(]Mplqn throughwt Ihe audlL W8 assessed th8 sUSCWi1ty of the (xynpans ancIal slatoments to material misstatem8nt, incIlIr¥J obtainlng an UnderstIng of h¢x fraud might ocrur. by: making enquiries of management as to vrtwre th8y considered there was susOibility to fraud, their knowledge of actual. suspected and alleged fraud: and nsidering the intemal controls in placa to mitigate risks of fraud rK)np1iace with laws and rulatIOnS. To address the risk of fraKI tkywgh rngnagement bias and override of controls. w8: performed analyb'cal predureS to identfy any unusual or Unexp8 relationship5. tested joumal entries to identify unusual transadions. assèssed whether jui$3efflents and asswnptions made in d8t8rmining the accounting estimates wre indicative of potentlal bias. and investigated Ihe ralionale b8hirKI significant (x unusual transacti. In response to the risk of IrreguL2ritses arKI nOTrp118n( with la% arKI regulations. we deslgned procedures t}ich ind. but W8r8 not lifflited to: agreeiThJ financial statement disdosur8S to undertying suprA)rting dOwmentati. reading the minutes of meetings of Ihose charged Wbth govemance; 8nquirirMJ of rnanagernwrt as to actual and potential litigation. cLqims and breaches of r8levant 189islat)n: and reviewng correspondence wth the Charity Cornmiss, CQC, Otsted K1 olher relevant regulators including the ¢c¥npanS legal advisors and insurers. There are inherent limitations In aihjit Fxocedures debed above. The more removed that laws and regulations are from financial transath"ons. the less likely it is Ihat would becom8 aware of non- compliance. Auditlng standards also limit Ihe aLKlit Frocedures requir8d to identfy non-compliance with laws and r8gulations to enquiry of the direcors and ¢)ther managem8nt and lh8 insp8Ction of regulatw and legal corre5ponderbce. rf any. Materlal misstatements that arfse due to fraud can b8 harder to detect than those that arise from error as they may involve delb8rale concealment or collusion. Pr(xluc8d ty Pjbert Goodman LLP Page 20
Llfeworks Charlty Llmlted Independent Auditors, Report to Trustees and Members For the Year Ended 31 August 2025 Use of our report This report is mad8 sc* to the cknrllat8 compan$ membws, a$ a bcty, in a(xxYdarKe Nmth Chapter 3 of Part 16 of the Companies Acl 2006. Our audtt work has been Undertak so that we might state to the tharitabl8 companY$ members and trustees those matters we are rewirwj to state to them in an auditcrf's re¢ and for no other purpose. To the fullest extent penyitted by law, w8 do not accept or assume responsibilty to anyone other than the charitable rxynpany and the tharitab cc#npany's members as a btyjy and the charitable (xynpany's trustees as a boty. for our audit for this reFNxt. or for Ihe opinlons we have fomied. Ichelle Ferris Bsc (Hortsj FCA DChA Senior Statutory Audit lor and on behalf of Albert GcM)dman LLP Chartered AccThirrtants Statutory Auditor Goodwood H¢)use Blackbrook Park Av8nu8 Taunton Somerset TA12PX Prc#Juced ty Ajbert GcK)dman LLP Pag8 21
Llfeworks Charlty Llmlted Statement of Finanaal Activities {induding the Income and Expenditure Ac(x)unl) For the Year Ended 31 August 2025 1 April 2023- 31 Awust 2024 Unre8• trlctsd trictod Total Incom•: DationS CIAritable acti8$ Other Iradlng actiwties Investments 254.957 2,119.946 5,752 260.709 T3, 2.193254 12.471 3.214.270 64.572 22.059 39.556 52.027 141,909 3,356,179 64,572 22,059 25.643 25.643 Total in¢ 2.4(),546 79,C60 2.479,606 3,313,372 181.465 3.494,837 ExpofKllture: Exp8ndilurg on dwitable activrties 2.011,350 73.532 2.084.W2 3.660,670 1SYI.533 3.851,203 Total expendlture 2,011,350 73.532 2,084.882 3.660.670 1.533 3.851.203 Not Income l (expon¢ltsre) b¢fore transfers 389,196 5,528 394.724 (347.298) {9.068) (356,366) Transfors betw•en lunds {10,972> 10.972 (8.0681 8.068 Nel movemont In funds 378,224 16,5(KJ 394,724 (355.3661 (1.ocKI) (356.366) Reconclllation ol funds Total funds brought fopNard 1,823.126 1.823.126 2.178.492 1.000 2,179,492 Total funds cathed forward 2,201,350 16.5LX) 2,217,850 1,823.126 1,823,126 The stalement of financial activitles has been prèpared on the basts that all operations are continuing operations. There were rK) gans or losses arising in the Per)d that are not shovm ab)ve. Th8 Stat8m8nt of ffinanaal aCtIeS ints)rFwAes the in(x)me aThJ eXllUre a(zounL Produced by Ajbert G1Xidm LLP Page 22
Llfeworks Charity Limited - C•mpany R•gistratlon Numb•r. 03177139 Balan Sheet As at 31 August 2025 2026 2024 Flxod au•ts Tangible fixed assets 287,014 Currenl u••ts Debtors Cash at bank and in harKI 216.910 2.094.535 89,042 1,698,529 2,311.445 1,787,571 Llabllltl88: Credrtw: falling due wilhri y 10 (354.000) (251,459) 1.957.445 1,536,112 Total nat a8Mts 2.217,850 1,823,126 Th funds of the charfty: fte8trtct lund• 11 16,5Q) Unr•8trl¢tsd lund• Designated funds Unrestrided funds 11 1,298.405 11 902.945 1,337.010 486.116 2.201.350 1,823,126 Tolal charfty fun 2,217,850 1.823.126 The financial statements have been Fryared and delivered in accordance with the special provisions lating to small companies within Part 15 of the Companies Atx 2006 and the Financial Reporting Stsndard applicable in the UK and RepUL1C of Ireland (FRS 102). Approved by the Board and authonsed for issue ......o!fv.. Af.-: I ZoJ&i aTrJ signed on its behalf by: J J Clarkson Trustée Director S PUslOn Trustee Director Produced by Abert Goodman Page 23
Ufeworks Charlty Llmltod Statement of Cash Flows For the Year Ended 31 August 2025 1 April 2023- 31 gust 2024 2025 Cash flows from opratlng actlvltleg Net movements in funds for the year Adjustments to cash IlcNts from non-cash items Depreciation and amortisation (Proffty loss on disposal of red assets Finance income 394.724 (356.366) 46.557 {62,979} {22,059) (25.643) (394.847) Working captsl adjustrnents {Increase) I decrease in debtors {Decrease} l increase in creditors (127.868> 102.541 173,614 128,860 10 N8t ¢&8h flow from operalions Cash flows from Investlng xtmtlos Interest rec8N8d Purchase of fixed assets Proceeds from the sale of fixed assets 370.363 (92,373) 25.643 22,059 (42,411) 831.296 25,643 810.944 Nel (decrease) I Increase kn cash arKJ cash equiwalents 396.IX)6 718,571 Cash and cash equivalents al the teginning of the reporting perlod 1.698.529 979.958 Cash and cash equivalents at the eNI of the reportlng period 2.094,535 1.698,529 Produced by Ajbert Gcodman LLP Page 24
Ufeworks Charlty Llmtted Notes to the Financial Statements For the Year Ended 31 August 2025 Accounllng pollcles The principle accounting policies adopted in Ihe preparati of the ffinancial statements are: Basls of accountlng The Finanaal Statements hw4e been prepared in accordance Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charitl8s preparing their accounts In aco)rdance with the Financial Reporting Slandard applicable in the UK and Republ of Irèland IFRS 102) {effe¢live 1 January 2019) - {Charities SORP FRS 102). the Fnancial Reporting Standard applicable in the UK and Repumc of Ireland (FRS 102) and the Compani8s A¢t 2006. Llfeworks Chaiity Limiled meets the definition of a publio benefft entity under FRS 102. Assets and Ilabillties are initially rècognised at his1Cal )St w transaction value unless olhemse stated in the r8levant acCoUng policy rthls). All amounts are presentsd in £ sterlw. Legal status of the chwlty The charity is a company limited by guarantee has no sharè capltal. In lh8 event of the tharity being Wou1 up. the liat4lity in respect of Ihe guarantae is rnited to £10 p8r rnambèr of th8 Charity. 1.3 Golng concem The trustees assess ¥ttether the use of going concem is approwiate 1.8. thether there any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continu8 as a gcmng concem. The trustees make this assessment in resped of a perKKI of at least one year from the datè of authorisation for issue of the financial ststements and have conduded that the charity has ad9quate reswrces to g)ntiTrue in operational existence for the foreseeable future and there are no rnaterial unrtaIntieS about the charity's ability to continue as 8 going concern, thus they continue to adopt the going concern basis of aco)unting when preparing the financial statèménts. Incoffle Donatn9 and ¢Jthw voltary in¢x¥ne are re(J)gnised on receipL Income from grants {inCdir¥j government grants). kn 'capttal' or 'mOn.. is recognised when the Charity has entitlement to the funds. any wfornance condtlw)ns attach8d to th8 grants have been met. it ts Fffobable that the inccffne will be received and the amount can b9 measured rgliably and is not deferred. Ilthere no conditlons are attached to grant i)me they are re(wnised within dOnatInS and gffls and vthere conditions relating to perfomwnce of services we attached. grant income is rects3nised within charitable axivities in the Statement of Finan(aal A(*ivitses. Income from tharitable 1Vit is induded in the permyj in whith the chanty is 8ntiU8d to r8c8iP( it is probable that e71¢ benefits will Ilow to the entity and the affthnt can be reliably m6asur8d. Where income is rev in advance of Fmvi%on of servicès. income is deferr8d until the crtteria for income regnitIon is met. Where inrm has not be8n rèceived and s8r4lces hav8 b88n provided, ino)mg is accrued. Income from other tradlng actlvitses indudes income relating to fiJTrJTaising and Is included in the Stst8m8nt of Financial Activibes when receivable. Produced by Albgrt Goodman LLP Pagè 25
Ufeworks Charlty Llmfted Notes to the Financial Statements For the Year Ended 31 August 2025 Expondlturn Resources expended are recognised on the accru sIS to match the perlod In wlmch lh8 expenditure was IUrred. Charitsble expenditure comprises those costs incurred by lh8 chity In th& dellvery of its activitiès and services for its benefi(?aries. It includes both costs that can be allocated directty to such activities and tlTho costs of an indirect natur8 necess to suPrt them. Certain expenditure is diredy attributab to speofic actNities and has been w)clLKled in those activity categori8& Certain other costs, are attributable to more than actiwty, are apported across cost categories as folows: The costs of the general offi( aThJ th8 administration functlon that suppts the Charity have been split bel¥Yeen charitable acttvibes on a percentage basis per projec( and twne apportioned where an activity has rM)t ocofftd thr(whout the full period. Costs relating to wages are althat&J befvmn aclivities based on th6 wcyortion of tim8 sp8nt by fundraIsY and administrati( staff those activllles. However, any expendlture rel8tr to small specaft projects is bome by the 98n8ral fund. Investm•nt Income Interest on fvrKls held on deposit is included in the Statement Finaal Activilies as investment Incx)me when receivable arKI the aftnt Can bg measured reliabty by the charity.. this is nomalty upon notification of inierest paid payable by the bank. Penslons The charity operates a defined cx)ntrilyAion pensi scheme. Contributions are recognised in Ihe SOFA in the period in lch they beccxne payable in acurdance with the rules of the scheme. Tangible fixed assets and depreclatlon Tangible fed assets are stated at cost less deweu'on. Depreciation is provKled at rates calculated to vffiie Ihe cost or valuation less estimated r8sidual valu8 of each asset ¢)ver its expected lful life as fc4kiws: Freehold bulkllrKJs Fixtures, ffttings arKI equipment mot vèhides Office equiprnent 50 years straTrght line 5 years straight line 5 years straight 4 years Straht line 1.9 Debtors Trade debtors and Ued income are recognised at the Settrn8nt amount due after any trade discount offered. Prepayments are valu8d at th8 amwnt wepaid net of any trade diswunts due. 1.10 Cash at bank and In hand Cash at bank and in hand indeS cash and short term highty Iquld Investments vAth a short maturity of three months or les5 from the date of acquisition or openiThJ of the deposit or siThilar account. 1.11 Cr¢dilors Creditors are rejnI$ed where the tharity has a pres8nt obh3aticffi r8sultiro from a past evènt that will probably result in the transfer of funds to a Ihird party and the arnount due to settle the obligation can be measured or estimated reliably. Creditots are nomialty re(nised at their settlement amount aft8r allowing for any trad8 disCnts due. Pr(xJucgd by Albert Goodman LLP Page 26
Ufoworks Charity Limited Notes to the Financial Statements For the Year Ended 31 August 2025 1.12 Deferred Income Deferred inGne comwises irKX)me received li advanc8 of the provision of dpriiable activities. Deferred inco is renised within inccKn8 in the Statement of FInCIal Aclivities Nthen the )nditions for income from charilable acbvities recognitiC are meL 1.13 Flnanclal In8trum•nts The charity only holds basic finanaal instrurnents as defired i) FRS 102. Tho flnancial assèts and abilities of th8 charity and their measurements are as follows: FThncial assets - trade, other debtors arKI kAns (programm& related investrnent) are basic financial nstruments and are debt instruments measur•J at amortised OJSL Investment portfolios are baslc fanCIal instruments measur8d at fair Val thr(wh the ¥Kxyne arKI expenditure account. Prepayments are not financial instrument& Cash at bank and daPOt account is (knified as a finar1 irtstrum8nt and Is méasur at fac8 value. Financial liabilities - trade creditors, accruals and other credtIc$ arè financial instruments, and are measured at amortised cosL Taxalion and social security are not induded in the financial instruments dÉsclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and th8r8 is an obluatx to delNer seTrices rather than cash or anoth8r finanrAal instrumenl. 1.14 Fund accountlng Funds held by the charitabl8 company are of the fokn41ng types:. Unrestrrted general funds - these furKts can b8 usèd in acoxthcè ryth the ch8rMab objects at the discretion of Ihe Trustees. Designated funds - these fijnds are set aside out of wwestricted general fijnds for sp8cffic future purposes. projects. CA rgserves. Restricted funds - these funts (xn onty be used for the particular r8Stricted Purposes within the objects of the ttharty. Restricth)ns arise when funds raised are for a specific purpose. Further explanations of the nature and purp)se of each fund are in¢Iled in the notes to the finanaal ststements. 1.15 Taxatlon As a registered L*arity, the company is exempt from corporatK)n tax and capital gains lax, but not Value Added Tax. Irrecoverable Value Added Tax is induded in the costs of thosè itèms to whith it relates. 1.16 Operatlng leases Leases in vthich substsntialty all the risks and r8wards of cerShip are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to Ihe Statement of Financial Aclivities as inCrred over the tenn of the lease. The charity has an operating lease for Ihe head and FE college prernises. The tttle of the leased wemises remains with th6 lessor. Produced ty Pjbert Go(MJman LLP Page 27
Llfoworks Charlty Llmltsd Notes to the Financial Statements For the Year Ended 31 August 2025 Net Incomel (expendlture) before Iranslers 1 April 2023 - 31 AUgt 2024 2025 Nel incoming resources for the are stated after thargNJ Pension costs Depre(xation Auditors. remurtion Audit fee Other seN¢es 67.184 26.609 139.597 46.557 10.875 6.452 8.500 3.956 Income {excludlng charltable actlvltles Incomè) 1 Aprfl 2023- 31 August 2024 Unr88- Unres- 2025 Total cted Total Gordon Carling Foundation Local Authority Grants. Donations 250,000 250.000 5.752 5.752 36,990 36.99) 15,037 4,957 12.471 254,957 5.752 260.709 12,471 39,556 52,027 'derM)tes govemm8nt grants Produced by Albert GrM)dman LLP Page 28
Lrfeworks Charlty Llmlted Notes to the Financial Statements For the Year Ended 31 August 2025 Incomlng resourets from eharitth activlll•• l Aprll 2023 . 31 August 2024 Unro8- trlcted trl¢t Unr•s. 2025 Total Total F•os for ¢arn $•rvi¢es Robins Respite Centre Robins Residential ca Sesame ResKlential care 287.490 378,350 910,786 1,204,592 287,490 378,350 1,204,592 910.591 195 910.591 195 910,786 1.870,432 1.870,432 Fees for colleg• Further EducatM)n College 1.209.355 17.520 1226,875 1,341.918 1,341.918 Fees for other projects Youlh Club fees Summer School fees Community projects 17.078 19.275 4.240 17,078 19,275 4.240 32,187 44,042 32.187 44.042 510 510 40.593 40.593 510 76,229 76.739 Grants rncolvabla The Clare Milne Trust Bailey Thomas Grant Forbès Foundation Other (Under £5.OW) 7,480 7.480 7.000 40.0 12,610 15.000 15,000 1.410 11,200 15.lJ)O 15.000 1,410 65,680 67.0 Total 1119,946 n,308 2.193,254 3.214270 141,909 3,356,179 Produced by Abert G(x)dm8n LLP Page 29
Llfeworks Charlty Llmrted Notes to the Financial Statements For the Year Ended 31 August 2025 Charltabk actlvltles wendlture 1 Aprfl 2023- 31 August 2024 Unres- trIcI trlctod Unres- ad 2025 Total Tolal Robins Sesame FE College (Xher community holiday projeds Prernises and admin costs 669,232 802.564 1,036,283 997,414 1,142,786 669,232 1.036.283 1,142,786 802.564 988.628 8,786 44.81x1 40,833 175.358 23,913 85,633 199,271 132.053 58.480 132,053 870,850 812,370 Total 2,011,350 73,532 2,084,882 3,660,670 190,533 3,851,203 Dlrect ¥laff costs direct costs Svpwt costs 2025 Total 2025 Sesame FE college Other ¢Crfnrnty and hcdiday wqects Premises and &Jmin costs 131,395 308.397 34243 87,010 84.392 84.392 802,564 997,414 85,633 199,271 604.625 51.390 112,261 1242,792 561,045 281,045 2,084,882 1 Aprfl 2023 . 31 August 2024 SUprt rect staff ctrats dlrect costs Totsl 024 Robin5 S8same FE Clege Other community and hcAiday wr4eds Pr8mises and admin costs 479.504 781.520 795.875 55.302 62,815 116.057 160.249 48.312 585,104 126.913 138.705 186,662 28,440 285.746 669,232 1,036,283 1,142.786 132,053 870.850 2,112,200 971537 766,466 3,851,203 Producgj by Albert Goodmon LLP Pag¢ 30
Llfeworks Charlty Limlted Notes to the Financial Statements For the Year Ended 31 August 2025 Charflable actmtles •xpendliur• {contlnu•d) Analysls of supwi costs The charity initially identifies the costs to its SUP[ functions. Having identified the support Costs. they are then apwrtioned between the four {2024: fwe) key tharitabl8 activities und8rtaken (seè abovè) in the period. Refer to the tsble bekyw for the basis of apport•onm8nt and the analysis of the support rA>sis. 1 Aprll 2023 . 31 August 2024 Ba$1$ of aworti¢>nftnt 2025 Salaries. wages & rdated )Sts General office aThJ administratK)n rime spent T0Ver w time 5t 247,737 33,308 599.610 166.856 281,045 766,466 Trust•• dlreetors None of the Trustee Directc$ ((Y any persons crCled) recéived any remUneratn during the period, and none were rnbursed any expens8s {2024- £nil). Employees Number of employees The average monthly heJ ryxnt of empbyees dwing th8 period was: 1 Awil 2023- 31 August 2024 2025 Prow&on of care ser¥ices Fundraising, publicty ar developnent of th8 (knrity Operation of youth club Adrninistration Education 21 22 20 22 48 Prothc8d by Abgrt G(Man LLP Page 31
Ufeworks Charity Llmited Notes to the Financial Statements For the Year Ended 31 August 2025 Employees I)ntInued} 1 April 2023- 31 ust 2024 2025 Wages and sal Sc¢ial serity costs Pension costs Terminationl redunthry payments 1,209.729 118,957 67,184 94,659 2.337.870 207,446 139,597 26,897 1.490,529 2,711,810 Durng the period. total rnst5 of £94,659 were paid in relan to redundry and settlement costs to four individuals (2024 £26.897 Iwo setU8ments). The amounts are fvll and final with £45,413 outstandirKJ amounts due at the sheet date (2024: no amounts outstsnding). The number of empbyees lK¥s8 nUal lurnts (exdudry erS Nl arvj employer pension contribut¥)ns) wwe £60.000 or m(Ye were: 1 WI 2023-31 gust 2024 2025 £60,OfA) - £70,0(M) £70.001- £80,000 £80.1)01 . £90,000 £,001- £100,(J)o These empbyees are members of Ihe defined contribution pension sth8m8. Into thIch contributions of £10.490 (2024: £22,850) were made. Defined contrlbutlon wnslon schamo The company operate5 a defined contribution pensK)n sdwne. The pension )st tharge for the P8riod r&pres8nts contrilxrts payable by the ¢(ffnpany to Ihe scheme ar¥J amounted to £67,185 (2024- £139.597>. Contributions totallirvJ £16.407 (2024 - £6.071) Vowe payable to Ihe sdleme at the end of the period and are induded in credrtors. Key rnanagemont personnel The key management p8rsonn81 of the charity We considered to be those listed on Page 1. Th tolal costs to the charity of employ8e beneffts (indudirvJ ernpk)yws Nl and employer pension contributions) for the key rnanagemenl personnel were £185,999 (2024: £396,5551. Produced by AJb8rt Gc(Jrvban LLP Page 32
Ufework8 Charfty Llmltod Notes to the Financial Statements For the Year Ended 31 August 2025 Tanglble flxed asset• Frgehold Flxlur•s 0ffi¢o Motor Land & Fittlngs & Equlpmenl Vohlclos Bulldlngs Equlpm•nt Total Cost At 1 Septembef 2024 Additions 353,451 66.216 25.514 139.534 584,715 At 31 August 2025 D•proclatlon At 1 September 2024 Charge for the year 353.451 66.216 25,514 139,534 584,715 109.607 7.069 56.938 5.008 25,514 105.642 14.532 297,701 26,609 At 31 August 2025 Nèt book val At 31 August2025 116.676 61.946 25.514 120.174 324.310 236.775 4.270 19.360 260.405 At 31 August 2024 243,844 9.278 33,892 287,014 Freehold larKI and buibjings indude larKJ donated by DarbThJton H811 Trust and Devon County Council. Thls larKI VRS valued at £30.1YJo by the Trustees duriw Ihe yew ended 31 December 1998 as an estimate of its market value and is not depreciated. Debtors 1 Aprfl 2023- 31 AUgt 2024 2025 Trade debtors - fees receiwdble Other debtors and prepaymerts Accrued 12,052 41,519 163,339 15,894 46,805 26.343 216.910 89.042 Producgd by Albert Gc(#Jm8n LLP Page 33
Ufoworks Charlty Llmiled Notes to the Financial Statements For the Year Ended 31 August 2025 10 crlt0. Amounts falllng due wlthln ono yoar 1 Aprfl 2023 - 31 August 2024 2025 Traje creditors Other Greditors Accfuals and deférred ino)me Taxati socia security 17.425 265.820 43.123 27.632 29.687 156.226 38.734 26.812 354,rA)o 251,459 Doferrod Incom• 2025 2024 Deferred Ywme at 1 September 2024 Rel8a$ed from previws yeas Resources deferred in the year 24.031 (24,031) 30,074 24,031 Deferred rthme at 31 August 2025 30,074 24,031 At the balance sheet datg. the charity hekl £30.074 of funds received in advance for DfE college fees 2025126 (2024: £24.031) PrthJuc8d by Abert Gocdman LLP 034
Lifeworks Charlty Llmlted Notes to the Financial Statements For the Year Ended 31 August 2025 11 Summary of movement In funds Opening Balance 01.09.24 Closing Balance 31.08.25 2025 Restrfcled funds Community Projects Development Forbes donation School COj11)n AlkKalK Grant Day Services Local Authorty Grdnts (40,833) (15.0) 15.OCKI 14.314 3,21 5.707 (8.7861 (3.2061 {5.707) 10,972 16,5(K) Total Restric funds 173.532) 10,972 16,500 Unrestrlctsd funds Desi Sesame Other fixed assets Vehicle acquisiti)n IT Systems Contingency Operatlonal r8serY8 246.260 52.7 20.IyJJ 20.0( 55.0 943,IXX) {9,485) (29,120) 236,775 23.630 20.000 20.000 55,000 943.000 1,337,010 {38.605) 1.298,405 486.116 2.4(M),546 (2.011.350) 27,633 2,945 Total UnreslrlGtad funds 1,823.126 2.4(M),546 {2.011.350) (10,972) 2.201,350 Total funds 1,823,126 2.479,6 {2,084,882) 2.217.850 Produc&J by Ajbert GcNJ1man LLP Pago 35
Llfeworks Charfty Limlted Notes to the Financial Statements For the Year Ended 31 August 2025 11 Sumfflary of movement In fd5 (contInd) OPIng Balance 01.0423 Closlng Balance Incom• Expendltur• Transkn 31.0824 2024 R•strfctsd fwmls Community Projects Devekyne Forbes donation Th& Small Grant Fund The Clare Milne Trust Bai18y TtKJmas BBC CIN 122.985 (131,053) (40,1) {4,IXKJ) {7,480) {7,IX(J) {1,OCKI) Total R•¥tri¢t•d fund$ 181.465 (1W.533) Unrnstrfctsd fund• nated: RObIr respite centre Sesame Other fixed assets Premises fund Development pl 21122 Vehide acquisition IT Systems ReplaMentS Contingency l*erational reserve 501.027 254,LN)3 304.447 (S)1.0271 (7.743) (251,697) 246,260 52.750 20,0fy) 20,000 55,000 943.000 943,¢XKI 2.097,477 {760,467) 1.337.010 81.015 3.313.372 13.660.670) 752.399 486.116 Total Unreslrfct•d lunds 2,178.492 3.313,372 13.660,670) (8,) 1,823,126 Tolal funds 2.179.492 3.494,837 13.851.203) 1.823,126 Pr(Mluced by Abert Goodman LLP Page 36
Llf•works Charity Limited Notes to the Financial Statements For the Year Ended 31 August 2025 11 Summary of mov•mont In funds (cortlnwd) The material restrict1 funds are: Community Prqects D8velopment is the delivery of the 8ranthlin& Parkn8rshlp Projed funded by srnall grants. BBC CIN has been received towards the Young Volunteer5 projed to fvnd a Volunteers Coordinator. Young Volunteer Support Workers and funding for recruitrnent and training. Forbes donation was received from Fort)es for a minibus wck up and drop off servlce to suppcM1 Ihose in rural or areas of dewivation unable to acuss Lifeworks Ccnmunity s8r4ices. The Small Fund cwne from DYS Space to supp(xt families to connect with local mmunty 1vitieS. &Ju(ate in h&911hy ealing and pmwde support for m8ntsl wellbeing. The Clare Mikne Trust fundirwJ was wovided to supwt disthantaged college students lo attend a 5 day resldential to the Calvert Trust. Lake DistrTrd, an activity holwjay. Bailey Thomas furKlirvJ was received to expand the Lifew0S Community offer to a WKlér range of attendees. Forbes - To enable the charity to targ8t Sffic knations. and support famifies where access to transport is limited. Th8 charity has b8en able to fund additit)nal staff members to drNe mlnlbuses to SFclfic ar8as. enabllTVJ nbjre indr¥Klu* to use the sep4ices, across the Saturday Clubs and Holiday Clubs. School Condition Altxation Grant - Uswj to upgrade fir8 drS and intemal entrance to COMM room. p4us upgrading of internal deswJrts. The designated funds are: The Respite Centre deslgnated fijnd repr8s8nts the net bcKJk value of the freehold property for the Respite Centre. The Sesame dewgnated fund reWes the net tKok vakn of the fro8ld prcperty for Sesame. The Other Fixed Assets (lesignated fuThl from tho general fund rwesents net book value of the other fixed assets h81d. The vehicle acquisition furKI sets de funds to fulfil vehicle replacements. The Operattonal reserve designated fvnds sets aside fijnds which approxlmat8 to 4 months running wsts for t charity, as descritsd in the Trustees R8port. This ensurès that the Charity will be ablg to (11)ue to meet liabilities as thèy fall due. and allow for bètter fjnan¢ial planning. IT Systems and Replacement funds sets aside funds to fulfil requirements: i.e. modemisation of property, and rgplacemw)ts of spec4alist equipmenL vehicles. IT and fumishings. The unrestricted general fund (XS15ts of funds th1¢h th8 charity may use ts its charita)18 purpos8S at its discretion. Produc•J by A]rt G[lMan LLP Page 37
Lifeworks Charlty Limlted Notes to the Financial Stalements For the Year Ended 31 August 2025 12 Analysls of ass•ts b•t*wn funds 1 Awll 2023 - 31 August 2024 2025 Ue8- trlctsd trlctsd Total Tangtjle fixed assets Current assets 260.405 1,940,945 260.405 287.014 16,500 1.957.445 1.536.112 287.014 1.536.112 1201,350 16.5(KI 2.217.850 1.823.126 1,823,126 13 Finan¢ial e¢>mmilm•nts At 31 August 2025 the dwity was committed to makn'ng the follo¥MNJ futur8 minimum r8ntal payments Und nonrycancellable18ases as 1 April 2023-31 August 2024 2025 ratin Other.. Wilhn one year 2-5 years 9.419 25,737 9,419 35.096 35,156 44.515 14 Related party There re no related paty transactM)ns durirKJ the period (2024 - nil). Produced by Alb9rt Goodman LLP Paga 38