Company number 3341420
Charity number 1064848
Options for
life
OPTIONS FOR LIFE
(A Company limited by GuArantee)
Financ121 Statements
Year ended 31 March 2024

OPTIONS FOR LIFE
INDEX
Charlty Information
Imrectors, ¥nd Trustees, Report
Report of the Audltors
Statement of Flnancial Actlvltlel
Balance Sheet
12
Cash Flow Statement
13
Notes to the Flnanclal Statementl
14

OPTIONS FOR LIFE
CHARrrY INFORMATION
Directors
Amrit Virk - Chair
Alan Daffern
Harriet Moat
Deborah White- resigned 2311012023
Rosina Singleton
Cesar Alvarez- Appointed 2311012023
Ch4rlty Number
1064848
Company Number
3341420
Ch4rlty correspondence Address
Oak Green Lodge
Oak Green Way
Oldbury
W¢st Midland5
B68 8LR
Auditori
Feltons
Chartered Accountants & Businc55 AdviseTS
8 Sovereign Court
8 Grahem Street
Bimingham
BI 3JR
Blnkers
Lloyds Bank plc
125 High Strc¢L
Harbome
Bimiingliam
B179NP
Chlef Ex¢¢utlve Offleer
Nicola Thomson

OPTIONS FOR LIFE
DIRECTORS, AND TRUSTEES, REPORT
The Directors present their report and financial statements for the year ended 31 March 20?4.
Governlng Document
The organisation is a charitable company limited by guardntee. incorporated on 27 March 1997 and registered as a
chariry on 13 October 1997. The company was established under a Memorandum of Association which
eslablished the objeLts and powers of the charitable company and is governed under its Articles of AssociatiOT]. In
the event of thc cornpany being wound up the members are required to contributc an atnount not exceeding £1.
Dlrectors and Truitees
The Board of Trnslces is the governing body of the charity. The Board of Directors 15 the governing body of the
company. Seleetion of Trustees is by application to the Board of Ttustees and is managed by the Chair and brought
to Board of Tnlstees Meetings for approval. Selection of Directors is by a vote of the tNstees. The policy is lo
recruit people lo be Trustees with knowlcdge, skills and ¢xp¢ri¢n¢e relevanl lo the Bims and objectives of the
charity. Documents detailing th¢ legal structure, organisation, finanGo5 8nd managemcn¢ of the Company, which
are regularly rcviewed, are provided to all Board of Trustee members to facilitate effective governance of the
charily. In addition, they are provided with training support and practical expericnce of the day lo day running of
the charity.
The Board of Trnstees meets on a regular basis to manage the affairs of the chariry And forniulatc policy. The
Chief EX￿ul1Ve manages the day lo day runnin¥ of thc charity assisted by full lime and part lim¢ employe¢s.
No irustcc receives any payment foT carrying out their duties and none of thc tn15tecs has any beneficial interest in
the company.
The trustees who have served during Ihc Ye￿ and since the ye4ir end are listed on page I,
Risk Management
The Board of Trustees meet regularly to as5e5s financial plannin¥ matters and review measures lo control risk. A
comprehensive risk registcr is completed annually and reviewed at least quarterly during the year.
External risks, which prirnarily concern funding, are continually addressed by closely managing the qualiry and
cost effectivenes5 of all our contracis, identifying areos for new grant applications and ensuring adequate cash
reserves are constantly maintained.
An on-going review of key operational and financial proces5cs and procedures Combine to mitigate againsr any
potential internal control weaknes5CS.
Mlsslon and Vision Statement
Our Mission is lo provide high quality and coordinated services to all participants which is responsive, flexible and
sensitive to their changing needs. enabling thcm lo play an activ¢ part in their local comrnunity.
Our Vision is lo give people with Learning Disabilities andlor Autism choice and control over their lives.
Objectlves of the Charity
The charity's objectives are lo enable people with learning disabilities to advance their personal development and
lead a full life within the community-
The airns and policies adoptd in fijrtherance of ihese objectives are.. -
Develop a range of service5 to meet the needs of our participants.
Give control and choice back to our participants.
Enable participant8 to become integrated into their own comrnuniti¢s.
Ensure our services are CUItL￿allY appropriate to meet the needs of diverse groups.
Provide a variety of meaning￿1 volunlary and workplace opportunities
Promote leaming disabilities an(Vor autism ernployment benefits to local businesses and organisations.

OPTIONS FOR LIFE
DIRE￿oRs, AND TRUSTEES, REPORT
Eviderjce the impact on individuals and communilies.
Develop and build productive relationships to enhance the delivery of services.
Work alongside commissioners, other agencies and stakcholders to develop ￿tUre delivery models.
Raise the profile of Options for Life amongst all stakeholders.
Build upon the parentlcarer forum.
Develop the organisation's outcome focused approach.
Tnvest in research projects for growth and development to "Build Back Better."
Increase rhe organi5alion's financial wellbeing.
Grow and diversify funding opportsnities.
Celebra* ALL successe5.
Value all staff and volunteers and prioritise their growth and wellbeing.
Ensure all staff &nd volunteers have the right training, values and support.
Review of Actlvltle5 for 2023 - 2024
During the fisc&l ye&r 2023-2024, Options for Life continued il5 commitment to providing personali5¢d support
and OppOr￿nitieS for adults with learning disabililies andlor autism. The charity operatcs from three buildings
across Sandwell &nd offers extensive outreach services, adapting it5 opcrations lo meet evolving local authority
requirements and participant nceds.
Reflccting on our journey. it has been four years since the inTtial closure of our services on Monday. 23rd March
2020. due to the COVID-19 pandemic. We resumed outreach support in July 2020, while our buildings remained
losed until July 2021. This period of tran51tion necessitated significant adaptations as tELe local authority shifted it5
focus iowards commissioning outreach service5. Options for Life responded effectively by establishing a
success￿[ and enduring outreach service that continues to thrive ￿day.
Despltc the ongoing challenge5 in rccntittnent, which are symptomotic of broader sector-wide issues. we have
observed a substantial increase in applications for vacan¢ positions over the past several months. This positive
trend is a testament to our organisation's reputation and the rewarding nalure of the work we offer.
Throughout the year, our service delivery has bcen robusl cncompassing..
Over 19.000 hours of setvice in our Profound and Multiple Learning Disabilities (PMLD) program,
More than 53.800 hours of outreach suppori,
In excess of 3,900 hours dedicated to building-based participants.
Additionally. thcre has been a significant increasc of 2,260 hours in tILe package hours for existing participants.
We received 24 new refcrrals during the year and ended the year with 15 individua15 on the currcnt waitlll8 IisL
reflecting.the growing demand for our services.
Achievemcnts of the Year
The year 2023-2024 has been marked by several notable achievements:
Business Development Plan- We successfvlly signed off on a n¢w 12-month Busin¢ss Developm¢nt Plan, setting a
clcllr stt'atcgic dii'cctioi) fill. Ilie iiiiiiiiig yedl.
Investors in People Accreditation.. We celebrated our 5th consecutive year of 8ccr¢diiation with Investors in
People, demonstrating our ongoing commitment to high standards in people manag¢rnent and organisational
development.
Creative Spa¢¢ Development.. With the aid of grant funding. we developed a Creative Space to enhance the
experiences and opportunities available to our poJth'cipants.
Vehicle Acquisitions.. We procured a new 7_seater vehicle through grant funding and secured additional funding to
purchase an all-electric 7-sealer vehicle along with a charging point, underscoring our commitment to
5U8tainability.
Grant-Funded Projects.. We successftilly implemented several grant-￿nded activities and projects, including:

OPTIONS FOR LIFE
DIRECTORS, AND TRUSTEES, REPORT
Eye Gaze Technology: This innovative technology. deployed at Acorn Lodge. signifjcantly enhances
communication and choice for participants with communication difficulties by tracking eye movements, allowing
those with limited mobility to control devices and communicate through their g&2e.
Community Engagement- We cslablibhcd strong links with four local feeder schoolslcolleges. fostering
connc¢lion5 that will bencfit OUT parti¢ipants through increased community integration and collaboration.
These accomplishments underscore our dedication to improving the quality of life for the individuals we support
and our responsiveness to both the needs of OUT participants and the broader community.
In conclusion. the year 2023-2024 has b¢en one of progress and resilience for Options for Life. We look forW￿d lo
building on this foundation and continuing to provide exceptional support and opportunities for adults with
learning disabilities andlor autism in the years lo come.
Public Beneflt
In planning and executing OUT activities, the Trustees and management team consistently adhere to the Charity
Commission's guidancc on public benefit. Our commitment to inclusivity is unwavering., we welcome all
participants irrespective of personal background. circumstances, faith, gender, or economic status. This inclusive
approach not only aligns with our values but also enri¢hes our ¢ommunity by fostering the sharing of diverse
skills, abilities. and life exp¢rien¢es.
Our primary obje¢tive is to provide support and opportunities for adults with learning disabilities andlor autism.
Our ￿ndIll8 and mission are spe¢ifi¢ally lailored lo meet the unique needs of this 8roup. who face significant
healih inequalities compared to the general population. The disparity in health outcomes ha5 becn cxaccrbaled by
the COVID-19 pandemic, making our work even more critical.
We arc acutely aware of the substantial barriers thar adulis with learning disllbililies andlor auiism encounler in
accessing quality healthcare and other es5enlial services. Our strong focus on dismantling these barriers aim5 10
improve both the quality ot- life and lifc expectancy for our participanls. Over the past decade, the life expectancy
of adults with learning disabilities andlor aulism has increased, which is a positive developrnent but also presents
new challenges. As our participants age, they more likely to face age-related health conditions. necessitating a
more comprehensive and adaptive approach to their care.
The impact of Options for Life extends beyond our individual participants. By providing robust support systems,
we enable families fo Cope morc effectively and sustainably than they might otherwise manage alone. The relief
and support we offer to famili¢s are invaluable. allowing them to maintain a higher quality of life and better
overall well-being.
In summary. the public benefit derived from Options for Life's activities is multifaceted. We enhance the livcs of
adults with learning disabilities andlor autism by promoting health, independence, and community integration.
Simultaneously, we provid¢ crucial support to f&milies. thereby strengthening the broader community. Our
commiiment to public bencfit underpin5 all our actions, cnsuring that we remain a vital resource for those we
serve.
Review of financial posltion
The income of the charily for 2023124 wa5 £1.674,859 (2022123: £1.476.315) alld expenditure was £1,724,331
(2022123.. £1,693.981). This resulted in a net income deficit of £49,472 increasing to £65,586 if the restricted fijnds
surplus of £16,114 is excluded (202?1?3 net deficit £217,666). The charity's balance sheet reflecls a decrease in
nds due to the 2023124 deficit.
The position has been improving during 2023124. At the start of the year & budget deficit of £183,500 had bcen
agreed by the Board but during the summer the number of participant sessions began to markedly increase and the
level of monthly 10sse5 has been reducing. InfacL a revised budget loss of £96,000 was approved by the Board in
Octobcr and during the last quarlcr pcrformance continued tu cxcccd Ihc profilcd budgets particularly for itieome
so that the final outturn of £65,586 was £30,414 better than the final forecast budget.
There are continuing challengcs with general higher costs for utilities and services and the statutory minimum
wage rises which rosc 9.68G/. from April 2023 which was higher than both inflation and the uplifts rise we received
from our main income commi55ion¢rs. There are some continuing i5SUe5 with staff recruilment and ￿tentIon of our
care support work¢r5 but this is a factor affecting much of the Adult and Social Care sector. However, the Board
mains confident that the organization is moving Eowards at Ica5t a break-even situation for 2024125.

OPTIONS FOR LIFE
DIRE￿OR5, AND TRUSTEES, REPORT
ReseThes policy
It is the policy of the charity to establish designated reserve funds to manage any potential financial risks to the
viability of the organization. The level of reserves links to our financial as8e8smeTtt of risks that ihe organization
faces over the medium ternL within a 5 year period.
The level of designated reserve had increased significantly since 2020121 following the Covid-19 virus outbreak
and the unprecedented financial uncertainty that the charity then faced. The level of designated reserve increased
to a peak of £773,000 for 2021122 but reduced lo £705.000 for 2022123.
The financial backdrop has changed since the immediate post-covid years. The commissioned number of sessions
held within our centres and our outreach service has been rising. As a result, the levels of monthly financial losses
has been declining. The Board have re-assessed the financial risks tacing the organization. There has bcen
consideration of likely continued rises in National Minimum Wage rates and contingency for possible day care
review impacts from our largest Commissioner, Sandwell Council. We nced lo a150 consider statutory redundancy
Costs if thcre was a winding up of the organizalion and fuNrc costs for planned renovations and improvemenls to
our Thvo owned building5.
In the light of ¢hc5c risks but also reflecting an expectation that the organization will move towards financial
SU5tainability over the Lotning ycar5. then il has been agreed by the Board in April 2024 to reduce th¢ l¢vel ol our
desi￿ated reserves to £400,000 for 2023124. This will rnean a level of frce balance5 available at April 2024 of
approximately £400,000 to support new projects and initialivcs if oppOr￿nitIcS to grow the business become
avail*ble.
The Board tnjstees and Senior Leadership Team will continue to monitor closely our level of bank balances and
reserves and on-gning risks md financial perforniancc during 2024125.
Future Development$
Following the approval of the new Business Development Plan, Options for Lifc is committed to a slralegic focus
on sevcral key initiatives aimed at enhancing our services and impact. Our fiJture developments will centre around
the following core areas:
Build Independence & Social Tn¢lusion
Our initiative aims to enhance daily living skills by providing
personalised schedules that focus on itnproving basic life skills SULh us person￿ hygiene. cooking,. housekeeping.
and financial managemcnt. Participants will bc empowered through pr&ctical, hands-on learning experience5. To
foster community engagement and awarencss, we will include outreach session5 to educate the public about
learning disabilities. autism, and complex needs, and organise events that promote inclusivity and underslanding.
Building support ne¢wurks and partnerships wilh oilier organisalions with similar objectlVC5 is also a priority. We
will cmph&si2e cultural competency and divcrsiry by tnereasing cUl￿ra11Y inclusive sessions and exploring
partnerships with local cultural organisations, community centres. and minority advocacy groups 10 access
additional resources and expertise. Thc cffectiveness of this program will be measured through a comprehensive
monitoring and evaluation 5yStem, including regular feedback from participants via surveys and focus groups.
Boih quanlilative and qualilalive data will be analy5ed to asscss the impact on porticipants, self-esteem. positivity,
and independence, ensuring the schedul¢s are continually refined to mttt our strategic goals.
SkTlls for Life Pathways - Thi5 initiative focuses on personaliscd goal sctting through person-centred learning. We
will implement a system that allows participant5 to 5¢t and track their individual goals. providing tailored support
and resourc¢s based on their specific aspirations. Achi¢v¢m¢nts will be celcbrated through n¢wsl¢tlers, events. and
an annual awards ceremony to honour outstanding accomplishments within thc ¢omrnunity. with case studies used
promotional and inspirational resourccs. Learning experiences will be personalized and optimized by
conducling surveys and interviews to understand participants goals. aspirations and challenges, tailorin¥ schedules
and support to meet their specific needs and creating a resourcos hub to ¢nhan¢¢ their skills and knowledge. The
piogi-ani will also iiiclu(L¢ S¥bSlVllb Q¢signed lu dtv¢ltsp praLLiL'al wurkpldLe skillb, IgLhniques and Lump¢lvnLi¥s,
along wich sessions aimed at improving communication, teamwork and collaboration among participants.
Strengthen Paitn¢rships - We aim to enhance funding and rc50urc¢ partn¢rships by ¢ollaborating with other non-
profit organisations and ¢harities lo share resources, knowledge. and best practices for & greater collective impact.
We a150 seek to establish partnerships with grant-rnaking foundations, corporate Sponsors, and individual donors to
secure fi￿dillg for essential prograrns and services. Our fundraising strategy involves developing specific and
measurable goals aligned with our mission and financial needs, setting short-lerni and long-terni largels, and
identifying key stakeholders such a5 donors, sponsors. and potential partners. By understanding the motivations
and interests of these stakeholders, we can tailor our fundraising strategies more effectively. Our neiworking

OWTtONS FOR LIFE
DIRECTORS, AND TRUSTEES, REPORT
efforts will focus on being assertive and building relationships with other organisations to Greate Dew Opportunities
for growth and collaboration.
Be Fit for FutLkre
This initiative focuses on enhancing inclustvity and support by integrating assisiive
technologies and increasing individualL2ed support plans to address the uniqu¢ learning and communicaiion needs
of participants. Efforts to improve s¢rvices will involve researching and identifying specific needs, ensuring all
sessions have well-developed plans that are engaging, relevant. and appropriate. Operational efficiency and
business sustainability will be pursued through cost-saving measures that do not compromise seryice quality.
continuous monitoring of monthly operational income and eosts. and seeking cost-saving opporninities through
project submissions to the Fundraising Officer. We also aim to fosler a positive organisalional culture by
promoting a supportive and inclusive work environment fL)r staff, recognising and celebrattng their achievements
to boost mordle. Our advocacy efforts will focus on influencing policies that impact adults with learning
disabilities and aurism and collaborating with other or8anisa(ions to address systemic barricrs and pmmote
inclusivity.
Numiring Talent - This initiative aims to esthblish a system for identitying and acknowledging outsonding
contributiorts, along with implemcnting an employee recognition system to appr¢ciat¢ and reward staff talent. To
enhance staff knowledgc and skills. regular workshops and seminars will be conducted to update staff on industry
trends and best practices, including hands-on activilies and case studies. We will develop a supportive onboarding
process through 8 rncntorship or buddy system to a$5isI new employ¢e5 during their probationary period.. To
create a dynamic learning environment. a job rolalion scheme will be introduced. allowing employees to
experienc¢ different roles within the organi5ation. Additionally, sessions will be arranged where ¢mploy¢es can
teach each other new skills. Employees will also bc encouraged ￿ propose and lead projects that align with their
interest5 and contribute to the org8ni5ation's goals.
In conclusion, the fiiture develuprnents outlined in our Business Development Plan are designed to build upon our
existing sttrngths. &ddre5s current and en)erging needs. and position Options for Life for sust&ined growih and
impact. Wc are committed to delivering high-quality services that improve the lives of adults with learning
disabiliiies aThd/or autism and their lamilies, f05tering an inclusive, sUPPOrtive, and empowering environment lor
Employees and Remuneratlon
The charity operates policies based on a range of issues including those to ensure that no discrimination is made
against any employee or participant based on their disabilities, age, gender or ethniciry.
The majorlty of staff for 2023124 received a pay rise of 9.680/0 since their salary gr&des were linked io the National
Minimum Wage which ros¢ by thi5 percentage in April 2023, Th¢ r¢mainin8 Staff r¢c¢iv¢d a g¢n¢ral pay award of
Dlrectors l Trustees
The DIreC￿r5. who served during the pcriod, ar¢ shown below and all are tn￿tees.
Amrit Virk- Chair
Alan Daff¢m
Deborah White ( resigned 2311012023)
Ha￿1¢¢ Moat
Rosina Singleton
Cesar Alvarez (appointed 231101?023)
Indemnity provlsloii for DlreLlur
Indemnity insuranG¢ has been taken out for all Directors and Trustees for any potential claim risk to value of £2
Million (2023 £2,000,000).

OPTIONS FOR LIFE
DIRECTORS, AND TRUSTEES. REPORT
Responsibllltles of Director5 1 Trustees
The directors are responsible for preparing the financial statements in accordance with applicable law and Unitrd
Kingdom Generally Accepted Accounting Practice.
UK company law r¢quirc5 the directors to prepare fmancial statetnents for each f￿ancIaL year which give a true
and fair view of the slate of affairs of Ihc company and of the SUTplus or deficit of the company for that period. In
preparing those financial slalements. the directors are required to..
select Suitable accounting policies and then apply them Gonsist¢ntly-
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting 5tandard5 have been followed,. and
prepare the financial statements on tbe golng concern basis unles5 it i5 inappropriate to presume that the
company will continue in business.
The directors are responsiblc for maintaining proper accounting reLords which disclose with reasonable accuracy
at any lime the financial position of thc company and to enable them lo ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for the system of internal control, 5afcguarding the assets
of the company and henGc for taking reasonable Steps for the prevention and detection of fraud and other
irre8ulariCies.
The financial statements have been prepared in accordance with the aecounting policies set out in note l of the
financial s¢alemenls and comply with the charily's Memorandum and Articles of Association, applicable law and
the rcquirernents of the Statement of Recommended PraGtice (FRS102), "Accounting and Reporting by Charitie5"
(effeclive October 2019).
In accordance with company18w. as the company dir¢ctors, we certify that..
so far as we are aware, there TS 710 Televant audit inforniation of which the company's auditor is un&ware:
and
as the director5 of the company we have taken all th¢ steps that we ought to have takcn in order to make
ourselves aware of any relevant audii infomialion and to ¢stablish thai the ¢hariry's auditor is aware of that
infomation.
Audltor
Felions look over from 2022123 the responsibility for direct audit support and auditor of the company accounts.
Feltons were r¢-appointed by the Board in O¢tob¢r 2023 to ¢on¢inue as auditors for 2023124 and they opcrate in
a¢Gordance with the Companies Act 2006 section 487(2).
In prcparing this report, the Dircctors have taken advantage of the small companies exemption provided by section
415A of the Compani¢s Act 2006.
Approved by the Board on 28 October 2024 and slgDed on its behalf by
Rosina Singleton
Treasurer of the Board of Trustees
Nicola Thomson
Chief Executive Officer

INDEPENDE￿ AUDITOR'S REPORT TO THE MEMBERS OF
OPTIONS FOR LIFE
Opinlon
We have auditcd thc financial statements of Options For Life (the 'Ch￿itable company.) for the year ended 31
March 2024 which comprise thc Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notcs
to thc [￿anCIal statements. including a summary of significant accounting policies. Thc financial rcw)rting
framework that has been appli¢d in their preparation is applicable law and United Kingdom Accounting Stsndards,
including Financial Reporting Standard 102 The Finapzcial Repoi'ting Standai'd applicable in ihe UK and Republic
ofIi'eland (United Kingdom Generally Accepted Accounting Practice).
In our opinion Ihe financial statements..
give a true and fair view of the slate of th¢ charitable Company's affairs as at 31 March 2024, and of its
incoming resources and application of resources. including its income and expendittwe, for the year then
have been properly prepared in accordance with United Kingdom Getierally Accepted Accounting Practice.
and
have been prepared in accordan¢¢ with the requirements of the Companies Act 2006.
Basls for oplnlon
We conduLled our audit in accordance with International Standards on Auditing (UK) (ISA5 (UK)) and applicable
law. C>ur responsibilitie5 undcr those Standards are fiuiher described in the Auditor's responsibilities for th¢ audii
of the financial sta￿MentS section of our report. We are independent of the charitable company in accordance with
the eihical requirements that are relevant to our audit of the financial 5talernents in the UK. including the FRC'S
Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirement5.
We belTeve that the audit evidence we have obiained is sufficient and appropriate to provide a basis for our
opinion.
Coneluslons relatlng to golng concern
In auditing the financial slatemenls, we have Loncludcd that the trustees. use of the goin¥ conLern b8515 of accounting
in the preparation of thc financial statements is appropriate.
Based on the work we have perfunned, we h&ve not id¢T]lifi¢d any material unccrtainties relating to evenl$ or
condilions that. individually or collectively. may cast significant doubt on the charitable ¢omp&ny's ability to continue
as a going concern for a period of at least twelvc months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilitics of the trustees with respect to going concern are described in the relevant
sections of this report.
Other Inforrnatlon
The other infomiation comprises the inforniation included in the Directors, and Ttustees. Report, other than the
financial statements and our auditor's report thereon. The trustees are responsible for the other inforn)Rtion. Our
OPTnion on the financial statemeT]ts does not cover the othcr infoTmation and. except to thc extent otherwise
explicitly stated in our rcport, we do not express any fonn of assurance conclusion Ihcreon.
Our rcsponsibility is to read th¢ other information an￿ in doing 50, consider whether the other infonnalion is
matcrially inconsistent with the financial slat¢ment5 QT our knowledge obtained in the ¢ourse of the audit or
otherwise appears to be materially misstated. If we identify such material illconsistencies or apparent mal¢rial
misslacem¢nts. we are required to d¢terniine whether thi5 gives rise to a material mi5Statement in the financial
statements them5elve5, If, based on the ivork ive have perfornied, we con¢lude thot there IJ o matcriol m1ogthtcm￿it
of this other inforniation, w¢ are required to report that fact.
We have nothing to report in this regard.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
OPTIONS FOR LIFE
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion. b&sed on the work undertaken in the Course of the audit..
the inforniacion given in the Directors. and Trusiees, Report for the financial year for which ihe financial
statements are prepared is consistent with the financial statements. and
the Dire¢tors' and Tnjstecs. Report has been prepared in accordance with applicable legal requirernents.
Matters on whleh we are required to report by exceptlon
In the light ol our knowledge and understanding ot" the charitable company and its environment obtslned in the
course of the audit, we have not identified material missiatsments in the Directors, and Trustees, Report.
W¢ have nothtng to report in respect of the following matters in relation lo which the Companie5 Act 2006
requires us to report to you if, in our opinion..
adequate accounting records have not been kept; or rebjrns adequate for our &udit have not been received from
bran¢hes no¢ visited by u5. or
the financial statements are not in agreernent with Ihc accounting rccords and returns; or
certain disclosurcs of directors. remuncration specified by law are not made.. or
we have not received all the information and explanations we require for our audit. or
the ttijstees were nut enliil¢d lo prcpare the f￿anCial slatements in &ccordance with the small companies,
regirne and take advantage of the small companie5, exemptions in preparing the Directors. and TNstees'
Report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Irustees. responsibilities sialement scl out on page 7 the trustees {who arc a150 the
directors of the charitable company for the purposes uf company law) are reèiponsibl¢ for th¢ preparation of
financial statements and for being satt'sfied that they give a true and fair view, and for such internal control as the
trustees dclerniine is necessary to enable the preparation of financial statements that are free from material
misstalemenL whethcr due to fraud or error.
In preparing the financial stalemenls, the trnstees are responsible for assessing che charitable company's ability to
ontinue as a going concern. disclosing, as applicable, malters related io guing concern and using the going
concern basis of accounting unless the trustees either intend to liquidatc the charitable company or to cease
operations, or have no r¢alisti¢ altemaiive bul to do so.
Audltor's responslbllities for the audlt of the flnAnclal stAtements
Our objectives arc to obtain reasunable assurance about wh¢th¢r the financial statements as a whole Bre free from
material misstatement, whether duc to fraud or crror, and to issue an auditor'5 Teport that includes our opinion.
Reasonable a&SUr￿nCe is a high level of assurance, but is noi a guarantee that an audit conducted in accordance with
ISAS IUK) will always detect a malcrial misstatcment when it exists. Misstatements can arise from fraud or error and
are considered mal¢rial if. individually or in the aggregate, they could reasonably bc expeclcd lo influence the
e¢onomTC decisions of users taken on the basis of these financial statements.
I￿egularl11eS,. including fraud. are instances of non-compliance with laws and regulations. We design procedur¢s in
line with our respon5ibilitigs, outlined above, to detect material misstatcrnents in respect of i￿egul74rit1cS. including
fraud. The extent lo which our procedur¢5 are capable of detecting irregularitie5, including frBud 15 detailed below:
We r¢viewed the charitable cornpany's control and risk rnanag¢m¢nt pro¢edur¢s and planned our work based on
our aoGoJomont of Ihosc contro13 ond proccduycs.
This review included an assessment of the risk of material misstatement due to errors, fraud and management
overrtde of controls for all material areas in the financial staiemenls;
We made enquiries of management and the charitable company's lawyers regarding any ac￿al or potential
litigation andlor claims,.
Financial statements disclosures were reviewed and Ghe¢k¢d for Compliance with applicable laws:
Detailed testing was conducted on balance5 and transactions includin(y unusual itern5 and those of individuaI
significance to the financial statements.
Data analytics were used in order lo identify unusual or significant trends.
Communications with manageLnent and thos¢ charged with governance regarding relevant matters was undertaken
IhiDughout the audit and on completion.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
OPTIONS FOR LIFE
Audltor's responsibilities for the audit of the financial statements {contfinlled)
Because of the inherent limitations of an audit, there is a risk that we will not detect all i￿¢g￿laritIes. including those
leading to a material misstatement in the financial slalements or non-compliance with regulalion. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial statements. as we will be less likely to become aware of insiances of non-compliance. The risk is also greater
regarding irregularities occuning due to fraud rather than error. as fraud involves intentional concealmen4 forgery,
collusion. omission or misrepresentation.
A further description of our responsibilities for the audit of the fmancial statements is located on the Financial
Reporting Council's website at vnvw.frc.org.uklauditorsresponsibilites. This descripiion fomis part of our audiior's
report.
Use of our report
Thi5 report is made sol¢ly lo the charitable company's members, as a body, in accordance with Chaptcr 3 of Parl 16 of
the Companies Act 2006. Our audit work has been und¢rtaken so that wc might slate lo the charitable company's
members thosc matters we are requTr¢d to state lo them in an auditor's report and for no other purpose. To the fullest
exicnl pemiitted by law. we do not accept or assume responsibility lo anyone other than the charitable company and
the charitsble company's members as a body, for our audit work. for this report, or for the opinions we have formed.
Davld W Farnsworth FCA (Senlor Slatstory Audlior)
For and on bchalf of Feltons. Staiutory Auditor
8 Sovereign Court
8 Graham Street
Bimingham Bl 3JR
io

oFrioNS FOR LIFE
STATEMENT OF FINANCIAL ACTlVtTtES (incorporating Income and Expenditure Account)
For the year ended 31 March 2024
Restrlcted
funds
Deslonated
funds
Unrestrlcted
fund5
Total fund5
2024
Total funds
2023
Notes
Income from:
Donations & legaLI¢S
Charitable activities
Other trading activities
Investsnents
4,13S
1.597.987
13J61
16,557
1,632,040
4.135
1,640,806
13J61
16.557
1,674,859
8.155
1.446.723
16,053
5,384
1,476,315
42,819
42,819
Expendlture on:
Charitable activities
3, 11
26,705
26,705
1.697,626
1.697,626
1,724J31
1,724,331
1.693,981
1,693,981
Net income / (exp¢nditurc)
16,114
(65,586)
(49,472)
(217,666)
Transfer betwefflj ￿lldS
12
(305,000)
305,000
Net movement in fimds
16,114
(305,000)
239,414
(49,472}
(217,666)
Reconcillatlon of fund$:
Total funds brought forward
Total funds carried forward
22,433
38,547
705,000
400,000
1,340,476
1,579,890
2,067,909
2,018,437
2.285,575
2,067.909
The notes on pages 14 to 24 fonn part of these financial statements.
Ther¢ were no recognised gains or105SeS Other than those in the Statement of Financial Activities.
All surpluses are a result of continuing activities as one-off activitie5 are structured so as to produce no surplus or deficit.

OPTIONS FOR LIFE
BALANCE SHEET
As *t31 March 2024
Company No. 3341420
Notes
2024
2023
Fixed as$ets
Tangible a5S¢tS
1,165.653
1,192,674
Current assets
Debtor5
Tnvestments
C&8h 4t bank and in hand
140.560
255,900
496,228
892,688
203,266
135,002
572,066
910,334
LiRbilltles
Creditors.. Amounts falling due in
less than one year
Net current assets
10
(39.904)
{35,099)
852,784
875,235
Total *53ets
2,018,437
2.067.909
The Funds ofthe ch4rlty
Reslrlcted funds
38,547
22,433
Unreslrlcted funds
D¢51￿&t¢d fimds
Unrestricted ￿ndS
12
12
400,000
1,579.890
2,018,437
705,000
1.340,476
2,067,909
These financial statements have been prepared in accordattce with the special provisions relating to companies subject to
the small companie5 regime within Part 15 of the Companies Act 2006.
Approved and authorlsed for155u¢ by the Bo4rd on 28 October 2024
and Signed on thelr behalf by:
Rosina Singleton
Treasurer of the Board of Trns￿e8.
Nicola Thomson
Chief Executive Officer.
The note5 on pages 14 to 24 forni part of these financial s¢a¢ements.
12

OPTIONS FOR LIFE
CASH FLOW STA TEMENT
As at31 March 2024
Company No. 3341420
2024
2023
Cash IloM frOm0￿rating Ictl￿tles.
Nel cash used in operd(ing aciNiiies
47,808
1303,440)
C￿￿ floM5 from in￿sti]Ig ¥tliltle5:
Divtslend5, nileresl and rent frominvcslnrDIs
Proceeds fromlhe sile of inv¢51rttll15
lknr¢hase ofinveslnMts
PU￿h85¢ ofproperty, plant and equ￿ll￿nI
Nel cash provNJed by illveiling activities
16J57
85002
(205,900)
119 JD5)
(123,646)
5,385
111,930)
16,545)
Re¢onciliatiffl of nel cjjh 1]owtorNJ￿Melltin fvnth
CThange in cash and ¢ash equivalenls in the year
Cash and cash equivalents ai l April
Cash and cash equivalents at 31 March
{75,838)
572166
496228
I3￿,985)
882.051
572,066
Reconcili￿1￿ of next nmimenl In funth to
net ¢uh ￿tt10￿fr(Wna￿rI￿￿g ￿tt￿tte5
Nel ￿Ven￿L in fjjnds forihe yeu ¢nded 31 March 2024
(49,472)
(217,6051
Adjustmeots for:
ttpre¢talion
DivNlcnd5, llileresl and r¢nl fromlliveslnKnls
Decrease l (Incre&sel lli debtor5
Increase/ (E*crc8sel in other creditors
Net ¢￿h used in (pradng ictiiitie5
46J26
116,5571
62,706
4,806
47,809
4&StM)
{5,385)
{57,489)
(71,701)
1303,4401
Analysis of t￿h andcash eqlliwlents
Noiice deposits {up to 3 mnlhsl
Cash in hand
295348
IDO,980
496228
326,584
245,482
572,066
C2sh and cash equivaIenls
13

OPTIONS FOR LIFE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Accounting pollcles
Options for Life in incorporated as a company limited by guarantee, registered in England and Wales (No.
3341420)
Basis of Aceountlng
The financial statements are prepared under the historical cost convention. in accordance with Accounting and
Reporting by Charities- the Statement of Recommendcd Practice applicable to Ch￿itIeS preparing their
accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland
(FRS102) {effective l January 2019) (Charities SORP (FRS102), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRSI 02) and the Companies Act 2006.
Income
Income is predominantly grants, charitable service ¢onira¢rs and in¢omc from social busincss activities and is
recogniscd in the Statcment of Financial Activities when received or on compl¢tion of the delivery of the
S￿cIfI¢d lern15 of Ihc Service Level Agreement.
Expendlture
All exp¢nditur¢ is accounted for on an a¢cNals basis and is rccognised where there is a legal or conslrnctive
obligation lo pay. Expenditure has been classified under headings that aggryegate all costs related to that
category.
Charitable expendimre comprises those cost5 inCu￿ed by the Lharity in the delivery of its artivities and includes
both the direct and support costs relating to these aclivilics.
Support costs ¢onsist of central administration and property costs. These are disclosed in more detail in Note 4.
Governance
Govcrnance costs of the rh&rity include those costs associated wilh meeting the constitutional and Sta￿l0ry
requirements of the charity and include audit fees V4nd costs linked to the strategic m&nagement of the charitable
company. Details on governance cosls are shown in Note 4.
Fund Accounting
Unrestricted funds are available for use at the discretion of the tNstees in the fjjriherance of the objectives of the
Ch&rily unles5 the ￿ndS have been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular puJpose$ or
to meet po￿n￿lI financial risks or pressures that the charity may face.
R¢stricted ￿ndS are subjcct to specific lenns and Conditions by donors as lo how they may be used.
Grants and donadons
Grants and donalions are only included in the Statement of Financial Activities when the charity has
unconditional entitlement to the resources.
Don#ttd servlces and fA¢lll¢les
These are only included in incoming resources (with an equivalent amount in resources expended) where the
benefit to the charity is reasonably quantifiable, measurablc and material. The valu¢ pl￿ed on these resources
is the estimated value lo the charity of the service or facility received.
Judgments In applylng accounting policies and key source5 of estimation uncertalnty
Th¢ charity rnakes estirnates and assumptions conceming the ￿ture. The resulting accounting estimates will. by
dcfInition, seldom equal the related actual results. The trusl¢e5 confinn there are no estimates and assumptions
that have a significant risk of causing a material adjustment to the canying amounts of assets and liabilities
within the next fmancial year.
14

OPTIONS FOR LIFE
NOTES TO THE FINANCIAL STATEMENTS
For the yegr ended 31 March 2024
Accounting policies {eontlnued)
Value Added Tax
VAT has been treated as irrecoverable by the ChaLity. due to the scale and type of activities being regarded as
exempt. To ensure the charity compiles with HMRC'S rcgulalory rcquircmcnts both the sources of income and
the aggregate amounts that could constitute vatable Supplies. ale frequently reviewed.
Tangible fixed 2$sets and depredatlon
Tangible fixed as5ers for use by the charity are staled at C05t less depreciation. Since April 2019 individual it¢ms
costing less than £5.000 are wriiien off in the Sialemenl of the Financial Activities.
Depreciation is provided al rdles calculated to write off the cost les5 estimated residual value. over their
expected usefiil lives.
Office equipment
Motor vehicles
251J/o on a slraighi line basis
250/0 on a straight line basis
Building- Lcasehold
10 /0 on a straight line basis
Building- Freehold
29/0 on 8 Straight line basis
Freehuld land is not depreciated
Penslon costs
The charity fulfill¢d its legal obligation in adopiing the Govcmments Workplace Pension Scheme Auto-
Enrolment in October 2014 integrating this Wlth the dcfin¢d contributions pension scheme that was already part
of the rcmuneration policy. Those employees who have opted for the minimum contribution of 50/0 of
pensivnable salary under aulo-enrolrn¢nt rules enjoy an employer's contribution of 4Q/o. this increases lo 50/0
after l O year5 service.
Employee Benellts
The cost of any unused holiday enlitlemenl is recogniscd Én the period in which the ernployee's services are
received.
Terniination benefits are recognised immediately as an expense when the Charity has committed to tem)ina
the employment of an employee or to provide lennination benefits.
Golng ¢oneern
Ai the time of preparin8 the financial s¢atement& the trustecs have a reasonable cxpeciaiion that the Chariry has
adequate resources lo continue ils operational ¢xi8*nce for the fores¢eablc futur¢. There are no other material
uncertainties that may cast a significant doubt about the Charity's ability to continue as a going concern.
Therefore, the accounts have continued to be prepared on the going concern basis of accounting.-
There will be continuing fulure challenges to be faced by the Charity. The Board are reviewing the strategic
direction of the Charity and the agreed business plan and model will look ¢0 deliver both continuing but new and
flexible ways of service delivery.
Liability recognition
Liabilities are recognised as soon 85 there is a legal or constructive obligation Gommttting the charity to pay out
resources.
Operating leases
R¥iiLdl L'UYLS ￿lld￿ oper￿￿ng leaxeg are Charged 10 the Itieome expettd1n￿e account In equal Èmnuul
amounts over the period of the lease.
Cash and cash ¢quivalents
Cash i5 rep￿sellted by cash in hand and deposits with financial institutions repayable without penalty on
notice of not more than 24 hours. Cash equivalents are highly liquid investments that mathre in no more
than Ihiec months from the dat¢ of acquisition and that arc readily ronvcrlibl¢ lo known amounts of cash
with insignificant risk of change in value.
15

OPTtONS FOR LIFE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
2 Ineom¢
2024
2023
Restricted Income
Charlt*ble aedvities
Sandwell Council
Boshier Hinion Foundation
Bruce Wake Trust
Solvay Community Prize
Owen F&mTly TTU5t
David Solomans Tnjst
D'oylcy Carte Charitablc Trust
Patrick Trust
scvo
Creative Black Country
Pedmore Sporting Club
Geoff Hill Charitable Tn￿t
Will Charitabl¢ Tn￿t
Dou¥las Turner Trust
Beatrice Laing Charitable Fund
Eveson Trust
Arnold Clark Comniunity Fund
Morrisons Foundation
Tcsco Community Grants
Bally Thomas Charitable Fund
Finnis Scott Foundation
Grimmitt Trust
13,579
2.000
2,000
2,415
I,￿0
750
1.856
2.000
3,000
1,000
5110
1,825
1,000
250
8.OIMI
3,000
2.500
5,940
2,000
2.661
1.495
3,109
1.000
1,200
Total reslricl¢d income from charitable aGiivilie5
42,819
21,261
Unrestrlcted Income
Ch4rltable activitles
Adult 50¢ial care- Sandwell MBC
Direct payments
NHS Black County ICB
One to One Support- Sandwell MBC
Total unrestricted income from charitable activities
1,151,155
301,817
135,812
9,203
1.597.987
989 ?06
294.093
132.987
9,176
1 ,425,462
Total income from cbwitable activities
1640 806
1446 723
Other trading aertvitles Income
Activities, fund rdising and sales of work
Insurance settlemcnt
Room hire charges
sU￿lUs on disp05al of assets
13.061
10.108
5.725
300
220
16.053
13,361
16

oprtONS FOR LIFE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
3 Expenditure
2024
2023
Charitable Service Operatlon*l Costs
Direct staifing costs
Indirect staff related costs
Premises. repairs and nmning costs
Cleaning, personal protective equipment and waste disposal
Vehicle and trdn5POrt costs
Activities and materials
IT and offtce costs
Depreciation ¢05ts
1,076,768
17,203
37J62
10,959
56J45
66,442
13,101
36,017
1,032,867
8,790
38.246
9.921
52.588
46,815
11,962
37.397
Total charitable operational costs
lJ14,197
,238,586
Management and Support Costs
Govemance costs
Total charitable expendi￿re
367368
16,161
1,697,626
380,231
40,948
1.659,765
17

OPTIONS FOR LIFE
NOTES TO THE FllYANCIAL STATEMENTS
For the year ended 31 March 2024
Expendlture- Charitgble activitles
2024
2023
Management support costs
Salari¢s
Staff ree￿Itm¢nt, training. travel, other
Office costs
Exlemal professional support
Equipment depreciation
Vehicle costs
Premises related costs
257,656
6,169
55,938
17.628
3,684
4.007
22.186
367,268
262,272
10,100
66,722
15,471
4.641
2.450
18.575
380.231
Governance eo5ti
2024
2023
Audit
Other insurance costs
Bank charges
Professional & consultancy fces
Trustee expenses and associated costs
Miscellaneous
6,660
3,367
1,894
2.598
1,642
33.778
4.152
1,693
807
94
424
16,161
40.948
18

OPTIONS FOR LtFE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Staff ¢o$ts
2024
2023
Wages & salaries
Social security ¢OSts
Pension costs
1,21A742
7S,990
36,478
1,329,210
1.174,413
73,897
36,208
1.284.518
Number
Number
Th¢ average monthly nwnber of staifemployed by the charity
during the year was as follow5..
Adminislralive
Project based
10
56
66
56
65
Employer beneflts to Senlor Management Team Members
During the year to 31 March 2024 payThentS to key members of Ihc management team in the forni of salary
and pensions amounted to £154.757. This compares with £154,260 for the prtor year.
There was one employee whose Rnnual emoluments were £60,000 or more.
Termlnation Payments
In 202312024 th¢r¢ were no lerniination payments to fornler employees. There had also b¢en no
I¢￿niDation payments in 2022123.
Payments to Dlrectorsrrru8te¢$
The trustces neither received nor waived any emoluments during the year (2023.. £nil).
In 2023124 there were total expenses re-imbursements of £589 to trustes. In 2022123 there had been
payments of £94.
19

OPTIONS FOR LIFE
NOTES TO THE FLYANCIAL STATEMENTS
For the year ended 31 March 2024
Tanglble fixed #s$ets for use by the charity
O￿lCe
equlpment I
Ilxtures &
rittinRs
Freehold
properties
Leasehold
Improvements
Vehlcles
Total
Co$t
As at l April 2023
1.585,963
34,172
l99.094
22,700
1.841,929
Additions
Disposals
As at 31 March 2024
8.806
10,499
19,31bS
1.585,963
34.172
207,900
33.199
1.861,234
Depreclatlon
As at l April 2023
441258
12,623
172.674
22,700
649,255
Charge for the year
Disposals
As at 31 March 2024
27.521
3,417
15,169
219
46J26
468,779
16,040
187.843
22,919
695,581
Net Book Value
As at 31 March 2024
1.117,184
18,132
20,057
10,280
1,165,653
As at 31 March 2023
1,144,705
21,549
26.420
1.192.674
Land at cost carried forward £210.000 is noi depreciated (2023 - £210.000)
20

OPTIONS FOR LIFE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Debtors
2024
2023
Trade debtors
Prepayments & sundry debtors
117.966
22,594
140,560
132.765
70.501
203,266
Investments
2024
2023
Market value brought forward
Additions to investments at cost
Disposals ai carrying value
Market value as at 31 March
135,002
205.900
(85,002)
255,900
135.002
135,002
Comprised:
Investments ai fair value comprised
Cash on deposit
2SS.900
135,002
Bank And eas
2024
2023
Bank accounts
P¢ty cash
491,984
567,224
42
572,066
496,228
io
Creditors: Amounts f4lllng due in less than one year
2024
2023
Trade creditors
Accrued expenses
Tax and social security
Pensions
3,615
12,99S
17,500
5,794
39,904
8.257
13,153
13.689
35,099
21

OPTIONS FOR LIFE
NOTES TO THE FIIYANCIAL STATEMENTS
For the year ended 31 Msrch 2024
11
Restrictive Funds
External Grants
l Aprll 2023
Intome
ellditure
31 March 2024
Bruce Wake T￿st
Grimmit Trust
Solway Community Prize
Owen Famil Trust
David Solomans Trnst
Carte Charitable Trnst
Patrick Tru.%t
Boshicr Hinton Foundation
275
1.200
2.000
1275)
(1.200)
1741
2.000
2.415
1.000
750
3,000
1.000
2.000
500
1.825
1.000
250
13.579
8.000
3,000
2,500
2.241
1.000
750
198
(198)
(500)
(1.825)
1,000
scvo
Creative Black Coun
Pcdmorc S ortin
Club
Geoff Hill Charitable Trust
Sandwell Council
Will Charitable Trust
er&Dou
las Turncr Trust
Bcatric¢ Lain
TNst
Morrison8 Foundation
Finnis Scott Foundation
Clothworkers Foundation
Edward Gosilin
Foundation
Bail Thomas Charit&ble Fund
250
7,987
6,722
168
3,168
1208
1865
(271
5,062
355
(2.339
865
271
7,673
2,277
9.506
2.611
Total restricted funds
38.547
Further Informxtlon on all funds held during 2023124:
Bruce Wake Tlust
To fund participant theatre trips. in particular for thosc
re
uirin
wheelchair llcces5
Thxs is funding all towards new equipment and renovation of a
sensory gardcn at Acorn Lodge
Grimmit
Trust,
Solvay
Community
Prizc,
Owen
Family Trust, David Solornans
TrusL D'oyley Carte Trust.
Patrick Trust, Boshier Hinton
Foundation
scvo
Crcative Black Count
Pedmore S ortin
Club
Geoff Hill Charitable Trust
Sandwell Council
Towards
arties or
aniscd for the Kin
's coronation
Towards thc musical
ro
ect 'Let'5 Get L
rical,
Purch&se of new a
e curlin
sets
Contribution towards 'Sin
To
ether, musical
ro
ecl
Gran¢ of £8.579 for sessions to ¢nhance mental health and
well_bein
ant of £5 000 for ncw di
ital c
menl.
To purchasc additional musicRI equipment for scssions.
Will Charilable Trust and Roger
and Douglas Tumer ChY4Titable
Tnjst
B¢atrice Lain
Trust
Morri50n5 Foundation
Finnis Scott Fuundation
CoT]tribution toward5 the
urchase of a new re lacement car
Contribution towards a new b¢aul
salon for activities
To support thc "Grcen Ftngered" proj¢cl for a local allotrn¢nt
lot
Prior year purchase of music and sensory equipment at Acorn
Lod
-nowde
reciacion costs
Prior year wet room improvements at the Ashes centre - now
reciation costs
Prior year sUPPOrted living flat renovation at Ashes centre
now de
reciation Costs
Clothworkers Foundation
Edward Gosling Foundation
Bally Tbomas Charitable Fund
22

OPTIONS FOR LIFE
NOTES TO THE FiNANCIAL STATEMENTS
For the year ended 31 March 2024
12
Unre5tri¢ted fuDds
Unrestricted ¢apilal fjjnds brought fonvard
I J40,476
1,477,187
Movement for the year
Transfer from tksignated Funds
Unrestricted funds Ca￿led forvard
(65,586)
305,000
1,579,890
(204,711)
68,000
1.340.476
12
Deslgnated funds
2024
2023
Designated fijnds brought forward
Movement in the year
Total designated funds rarricd fonvard
Tot¥1 unrestricted funds
705,000
(305.000)
400,000
1,979,890
773,000
(68,000)
705.000
2,045.476
13
Analysls of net assetj between funds
TAn¥lble tlxed Other net asietsl
assets
Ilabllltt
Totsl
RMtrl¢ted
38.547
38￿7
Unrestrlcted funds
Designated funds
Unrestricted funds
400.000
414,237
852,784
400,OIM
1,579.890
2,018,437
1.165.653
1,165,653
14
Commltment5 under operatlng leases
At 31 March 2024 the Company had commitmcnts under non-cancellablc Ica5cs in r¢5pect of photocopiers:
2024
2023
Wiihin one year
Within two to five years
7J19
6,675
13,994
16.523
15,232
31,755
23

orrioNs FOR LIFE
NOTES TO THE FINANCiAL STATEMENTS
For the yegr ended 31 Mareh 2024
15
Related party transactions
There were no transactions in 2023124 involving payments lo a business with connections to either the trustees
or other senior charity employees. In 202J23 there was one related paty payment of £333.
Post balance sheet events
16
There are no other events that ocCU￿ed after 31 March 2024 that are likely to significantly change what is
presented in Ihe financial staiements or havc an impact upon the of th¢ organisation &$ a going concern.
Penslon Commltments
17
The Charity operates a defined contribution scheme. The assets of the scheme are held Separately from those of
the Chariry in an independcntly adrninistered fund. The pension cost represen(s contributions payable by the
Charity lo the ￿nd and amounted to £36,478 (2023 £36.208). At 31 March 2024 there were total staff and
employer contributions of £5,794 outstanding io be paid r¢Lating 10 2023124.
18
Statement of flnancial actlvltles 2023
Reslricled
fimds
Desigmated
fi￿d$
Unrcstricted
funds
Total funds
2023
Notes
Income from:
t)onations & legacies
Charttablc activities
Other trading activities
Invc51ments
8.155
1.425.462
16.053
5,384
1.455,054
8,155
1,446,723
16,053
5J84
1,476J15
21,261
21,261
Expendltsr¢ on:
CharÉtsble activitics
34,216
1.659,765
1,693,981
Nel (expenditure) l in¢ome
(12,955)
{204,711)
(217,666)
Transfer between fijnds
(68,000)
(68,iJ)O)
Net mov¢ment in fijnds
(12,955)
{68,000)
(136,711)
(217,666)
Reconcllt8tion of hnds:
Tnlal ftinds broiighi fonvard
Totsl fund5 carried forwaNI
35,388
22.433
773,000
705,000
1,477,187
1,340,476
2,285575
2,067,909
24