Company registration number.. 03585850 Chanty registption number: 1071094 Life Education Wessex (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 WESTCOTTS CHAR TERED ACCOUNTANTS & BV51NE55 ADVISER5
Life Education Wessex Contents Reference and Administrative Details Trustees, Report 2to6 Independent Examinevs Report Statement of Financial Actrvities Balance Sheet Notes to the Financial Statements 10t022
Life Education Wessex Reference and Administrative Details Chalmian Mr G Hepbum Trustees Mr G Hepburn Mrs T Drabble Mrs R F Hedger Ms J Swift Mr K Millman Ms P Dyke Mr A Lovell Mr L Christiansen Ms J Walker Mr P Harrison Secretary Mr P Petrides Charity Registration Number 1071094 Company Registration Number 03585850 The charity is incorporated in England and Wates. 47 Boutport Street Barnstaple Devon EX311SQ Westcotts (SW) LLP Queens House 4244 New Street Honiton Devon EX14 1BJ Registered Office Independent Examiner Page 1
Life Education Wessex Trustees. Report The trustees, who are directors for the Purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024. ChalVs report Introduction l am pleased to provide my report as Chaimian of Life Education Wessex & Thame5 Valley (LEW&TV) for the year ending 31 March 2024. As I sit writing this at the end of August 2024, 1 have just heard the great news that Erin Kennedy MBE who is one of our patrons has won a Gold Medal in the Paralympics in the PR3 Mixed Coxed Fours. Congratulations go to Erin and the whole team. as well as all of Team GB for the amazing and inspirational things they have achieved at the Olympics and Paralympics. For our young people this shows what is possible with aspiration, drive and resilience and with a positive and healthy outlook on lrfe. LEW&IV plays ts part by equipping and inspiring our young people to lead heamhy lives and to make positive informed choices. with this bedrock early on in a young person's development. anything is possible. and we hope our amazing athletes inspire the next generation. It also gives me the opportunity to thank all of our patrons for their support of our organisation to Susan Hampshire CBE. Martin Baker QPM, Tra¢y Ethvards MBE and to Erin Kennedy MBE, we are very grateful for your continued support. Our Year l am delighted to report another incredibly successful year with our wellbeing educational services reaching over 117,500 young people across the Cornwall, Devon, Dorset, Hampshire & Isle of Wight, Somerset. and Thames Valley areas. 74,000 of these children have participated in workshops delivered by our Educators and another 43.500 have been reached by our SCARF (Safety. Caring. Achievement, Resilience. Friendship) online services. Our Charitable Activities At a time of hearing that our health services are struggling. the new Government describing them as 'Broken° (which personally as someone reliant on the NHS is unfair on the amazing people who support patients), it is good to see that LEW&TV continues to be very successful in providing a positive input to the healih prevention agenda. More children than ever are having access to our resources either face to face with our specialist educator5 or through their own teachers using our menu of online SCARF resources giving them ready made material to provide infomied sessions. There is no doubt that the most effective way to ensure our children grow into healthy individuats with safe behaviours is through a program of education that gives them the abilty to make informed positive and healthy Chols. Our programmes on topics such as drugs, alcohol, smoking and social interaction as well as being appropriately advised about online safety, PSHE and RSE education, are therefore essential in the world we live in today. Page 2
Life Education Wessex Trustees. Report Our Finances and Funding During the financial year ending 31 March 2024 we have continued to develop our ways of working so that we are able to respond to the needs of our schools, we have become more efficient in our operation enabling us to keep costs under control and are therefore in a sound financial position. Wothing with the central team at Coram Life Education (CLE) we are constantly looking at how our materials can be enhanced or expanded to respond to ever changing needs and new challenges facing our schools and young people. Our SCARF producl is a particularly good platfomi for enabling us lo quickly respond to the need for new materials and programmes and a surge in demand from schools and is now core to the services we provide. However, we still believe that workshops led by our specialist educators with either LifeBase, Lifespace or online are the gold standard and most effective form of delivery. As I report on the end of another successful year it is most important for me finish by recording my thanks, and that of the whole trust board, to our funders, and to the people in our organisation, that are our organisation. the educators, fundraisers, finance staff, support staff and managers. Without their enthusiasm and day to day commitment to Life Education we would not continue to be as effective and successful a5 we are. Page 3
Life Education Wessex Trustees, Report Objectives and activities Objects and aims The Charitrfs objectives, as prescribed in the Memorandum of Association, are- To promote the good health and well-being of children and young people; To advance the education of children and young people, helping them to adopt positive and healthy ways of living and to make healthy choices in relation lo alcohol, smoking, diet, exercise, drugs and other addictive materials- To advance the education of children and young people by encouraging responsible behaviour in relation to bullying and sexual relationships; In all cases 'in the area of means the area of (i) Dorset. (li) Cornwall, {iii} Devon, {iv) Somerset, (v) Hampshire and Isle of Wight. (vi) Berkshire. {vii) Buckinghamshire (excluding Milton Keynes), (viii) Oxfordshire and, (ix) East Swindon. in each case as amended by Ihe Company by wrilten instruction to the Charily Member from time to time. Public benefit The Trustees consider that the Charity's activities during the year satisfy the Charity Commission's guidance on public benefit. The trustees confirm that they have complied wilh the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charty Commission for England and Wales. Financial review The Trustees are satisfied that the Chariws assets a available and adequate lo fulfil its obligations in relation to its funds. Policy on reserves It is the policy of the charity to spend donations on the continuation and development of the seNice. However, to ensure that the Charity can meet its legal and statutory obligations should the Charity need to cease trading and be wound up, there will be a suitable reserve ring fenced in the management accounts to meet those obligations. The aim 15 to have a reserve of at least six months operating costs, over and above the Statutory Reserve. Currently this amounts to £344,500. The Trustees regularly review the amount of this Reserve. Page 4
Life Education Wessex Trustees. Report structure, governance and management Nature ofgovemlng document The Charity is a company limited by guarantee and exists in accordance with the provision of its Memorandum and Artides of Association, dated 20 Juty 2011. The Charity may only act in furtheranc& of its objects, and may not trade otherwise. The Trustees, who are directors of the Company, who served during the year and to the date of this report are shown on page 1. Each Trustee has undertaken to contribute an amount not exceeding £1 to the assets of the Company in the event of it being wound up. Recruitment and appointment of trustees At evèry annual general meeting, one third { or the number nearest to one third) of the Trustees shall retire from office by rotation. Those Trustees due to retire by rotation shall be those who have been longest in office Sin their last appointrnent. Trustees retiring by rotation are eligible for r8*lection. New Trustees may be appointed by the Board by ordinary resolution on the recommendation of the existing Trustees. The Trustees are fully conversant with the legal and professional requirements of their role. Major risks and management of those risks Major risks involved in the delivery of the programmes have been identified by the Trustees and systems have been developed to mitigate those risks. Health and safetypolicy The Trustees have adopted Lrfe Education's national policy and each Trustee and employee has been provided with a copy. Child pmtection policy The Trustees have adopted Lrfe Education's national policy and each Trustee and employee has been provided with a copy. ststement of trustees. responslbllllles The trustees (who are also the directors of Life Education Wessex for the purposes of company law) are responsible for preparing the trustees, rèport and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generalty Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Irèland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approv8 the financial statements unless they are satisfied that they give a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charrtable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently- Page 5
Life Education Wessex Trustses. Report obseNe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the chantable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial positton of the charitable company and enable them to ensure that the financial statements ¢omply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preventton and detection of fraud and other irregularitÈes. The trustees are responsible for the maintenance and integrty of the corporate and financial information included on the charitable ¢ompanVs website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies provFsion statement This report has been prepared in accordance with the srnall companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charty on behalf by.. and signed on its MrGHe Chaimian and trustee Page 6
Life Education Wessex Independent Examiner's Report to the trustees of Life Education Wessex {'the Company,) l pOrt to Ihe charily trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As Ihe charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Independent Examiner, which is one of the listed bodies I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kepl in respect of Life Education Wessex as required by section 386 01 the 2006 Act.. or 2. the accounts do nol accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a malter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}1. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Nick Smy ACA Independent Examiner For and on behalf of Westcotts (SW) LLP Queens House 42-44 New Street Honiton Devon EX14 1BJ 11 September 2024 Page 7
Life Education Wessex Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Totsl 2024 Total 2023 Note Income and Endowments from.. Donations and legacies Charitable activities Fundraising events Investment income Other income 127,420 284,401 44.731 11,307 1,272 127,420 284,401 44,731 11.307 1,272 153,782 279.715 63,137 848 696 Total income 469.131 469,131 498,178 Expenditure on: Costs of generating income Charitable activities (74.304) (342,469) (74,304) {342.469 {81,393) (320,265) Total expenditure (416,773) (416,773) (401,658) Net income 52.358 52.358 96,520 Net movement in funds 52,358 52,358 96,520 Reconciliation of funds Total funds brought forward 525,439 525,439 428,919 Total funds carried forward 21 577,797 577,797 525,439 All of the charity's activtties derive from continuing operations during the above periods. The funds breakdown for 2023 is shown in note 21. The notes on pages 10 to 22 form an integral part of these financial statements. Page 8
Life Education Wessex (Registration number: 03585850) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 16 17,436 16.426 17 18 19 239 41.111 546,141 587,491 674 41,078 498,954 540,706 Creditors: Amounts falling due within one year Net Gurrent assets 20 27,130 31,693 560.361 509,013 Net assets 577.797 525.439 Funds of the charity. Unrestricted income funds Unrestricted funds 577,797 525,439 525,439 Total funds 21 577,797 For the financial year ending 31 March 2024 the charty was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities-. The members have not required thè charity to obtain an audit of its accounts for the year in question in accordance with section 476: and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to compani8s subject to the small companies regime within Part 15 of the Companies Ad 2006. fina "al ststements on pages B to 22 were approved by the trustees, and authorised for issue on Mr G Hepbum Chairman and trustee The notes on pages 10 to 22 fom an integral part of these financial statements. Page 9
Llfe Education Wessex Notes to the Flnancial Statements for the Year Ended 31 March 2024 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequendy does not have share capital. Each of the trustees is liable to contribute an amount not eeedIng £1 towards the assets of the charity in the event of liquidation. The address of tts registered office is.. 47 Boutport Street Bamstaple Devon EX311SQ 2 Accounting policles Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. unless othenvise stated. ststement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to chanties preparing their accounts in accordance with the Finan¢ial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of pTrparation Life Education Wessex meets the definition of a public benefit entty under FRS 102. Assets and liabilities are Initial recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financtal statements ar& prepared in steriing which is the functional currenw of the 8ntty. Going concern The trustees consider that there are no material uncertainties about the chartys ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charty. Exemptlon from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash ftow statement in these financial statements. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 10
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 Donatlons and legacies Donations are recognised when the ¢harty has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charty is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly within the control of the chanty and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance condrtions are attached to the grant and are yet to be met. the income is recognised as a liabilty and included on the balance Sheet as deferred income to be released. Investment income Investment income is included when receivable. Expenditure All expenditure is recognised on an accruals basis once there is a legal or constructive obligation to that expenditure, it is prDbable settlement is required and the amount can be measured reliabEy. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been alk)cated on a basis consistent with the use of resources. with ntral staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's Use. Other support costs are allocated based on the spread of staff costs. Ral$lng funds These a Costs inGurred in attracting voluntary income, the management of investment5 and those incurred in trading activities that raise funds. Charitable actlvkn'es Charitable expenditLEre comprises those Gost5 incurred by the charity in the delivery of its adivities and services for ts beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support Gosts include central functions and have been allocated to activty cost ¢8tegories on a basis consistent with the use of resources, for example, all¢xating property costs by floor areas, or per Capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributsble to the charty's compliance with constitutional and statutory requirements, including audit, Strategic management and trustees meetings and reimbursed expenses. Page 11
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 Taxatlon The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charrlable company for UK corporation tax purposes. Accordingly, the charty is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to Charitable PUTposes. Tanglble flxed assets All fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impainnent losses. Depreciatlon and amortl$ation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, s$ any estimated sIdUal value, over their expected useful economic lrfe as follows.. Asset Glass Office furnFture and equipment Computer equipment other plant Depreciation method and rate 10 years straight line 3 years straight line 3 years sltraight line Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and cash deposrts, and other short-temi highly liquid investments that are readiiy convertible to a known amount of cash and are subject to an insignificant risk of change in value. Borrowings Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference beeen the proceeds. net of transadion costs. and the amount due on redemption being recognised as a charge to the Statement of Financial Activrties over the period of the relevant borrowing. Interest expense is re¢ognised on the basis of the effective interest method and is included in inter8st payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least Iwefve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Page 12
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 Financial instruments Classrfication Financial assets and financial liabllities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabiltties and equty instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deduding all of its liabilities. Recognition and measurement All financial assets and liabilities are initially measured at transadion pri (including transaction costs), except for those financial assets ¢lassrfied as at fair value through profit or loss, which are initially measUd at fair value (which is nomially the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the sL*ement of financial position when, and only when there exists a legally enforceable right to set off the recognised amount5 and the charity intends either to settle on a net basis, or to realise the asset and settle the liabilrty simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party sub5tsntially all of the risks and rewards of ownership of the financial asset, or c) the charity. desprte having retained some. but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specffied in the tt)ntract is discharged. cancelled or expires. Debt Anstruments Debt instruments are subsequently measured at amortised cost. Page 13
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 3 Income from donatlons and legacies Unrestricted funds General Total 2024 Total 2023 Donations and legacies" Donations Grants; Grants receivable 23,909 23,909 37,450 103,511 103,511 127.420 116,332 153.782 127.420 Included in grants recervable a grants from Garfield Weston of £20.000, Christchurch Town Council of £620 and Talbot Village Trust of £7,560. Page 14
Life Education Wessex Notes to the Financlal Statements for the Year Ended 31 March 2024 4 Income from charitable actlvlties Unrestricted funds General Total 2024 Total 2023 School based programmes 284,401 284,401 279,715 S Income from other trading activities Unrestrlcted funds Genernl Total funds Total 2023 Fundraising events 44.731 44.731 63,137 44.731 44,731 63,137 6 Investment income Unrestricted funds General Total 2024 Total 2023 Bank interest re1vable 11,307 11,307 7 Other income Unrestricted funds General Total 2024 Total 2023 Other income 1,272 1,272 Page 15
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 8 Expenditure on raislng funds a) Costs of raising donations and legacies Unrestricted funds General Total 2024 Total 2023 Costs of raising donations and legacies 74.304 74,304 74,304 81,393 81,393 74,304 9 Expenditure on ¢haritable actFVities Unrestricted funds General Total 2024 Total 2023 Note 24.523 24,523 Depreciation. amortisation and other similar costs Staff costs Allocated support costs Governance costs 24,449 13,684 245,297 26,449 32.516 342,469 13,684 245.297 26,449 32.516 10,314 226.257 27,130 32.115 10 10 342,469 320.265 Page 16
Life Education Wessex Notes to the Flnanclal Statements for the Year Ended 31 March 2024 10 Analysls of governance and support costs Support costs allocated to charltable actlvltle$ Other support costs Total 2024 Total 2023 Rent and rates Insuran Repairs and maintenance Licence fee to Coram Lrfe Education 6,648 1,414 402 17,985 6,648 1,414 402 17,985 26.449 6,188 1,725 1,614 17.603 26,449 27.130 Governance costs Unrestrlctsd funds General Total 2024 Total 2023 staff costs Wages and salaries Independent examiner fees Examination of the financial statements Legal fees other govemance costs Allocated support costs 20,259 20,259 19,521 2,860 2,132 4.128 3.137 2,670 2,699 4,030 3.195 2,132 4.128 3.137 32.516 32.516 32,115 11 Nèt incomingloutgoing resources Net incoming resources for the year include.. 2024 2023 Loss on disposal of tangible fixed assets Depreciation of fixed assets 40 10,314 13.684 Page 17
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 12 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses from the charity during the year (2023: £579 paid to three trustees). Page 18
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 13 Staff costs The aggregate payroll costs w8r8 as follows.. 2024 2023 staff costs durlng the year were: Wages and salaries 314.765 306.665 The monthly average number of persons {including senior management I leadership team) employed by the charity during the year was as follows: 2024 2023 Number of charitable staff Number of cost of generating ftjnds staff Number of govemance staff 11 No employee recetved emoluments of more than £60,000 during the year. 14 Independent examinerfs remuneratlon 2024 2023 Examination of the financial statements 2,860 2,670 Page 19
Life Education Wessex Notes to the Flnancial Statements for the Year Ended 31 March 2024 15 Taxation The charity is a gIstered charity and is therefore exempt from taxation. 16 Tangible flxed assets Flxtures and fittings Computor equipment Other plant Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 1,567 12,188 1,788 695 38,719 12,906 110 52,474 14.694 805 1,567 13,281 51,515 66,363 DepreGlation At 1 April 2023 Charge for the year Eliminated on disp05als At 31 March 2024 1,567 9,204 2.704 695 25,277 10.980 110 36.048 13,684 805 1,567 11.213 36.147 48,927 Net book value At 31 Mah 2024 2.068 15.368 17,436 At 31 March 2023 2,984 13.442 16,426 17 Stock 2024 2023 Finished goods 239 674 18 Debtors 2024 2023 Trade debtors Prepayments Accwed income Other debtors 32.922 2,624 5,585 34.696 2,620 3,762 41,111 41.078 Page 20
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 19 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 171 545.970 65 498.889 498.954 546,141 20 Creditors: amounts falling due withln one year 2024 2023 Trade creditors VAT liability Accruals 5.877 17.301 3.952 12,214 15,573 3,906 27.130 31,693 21 Funds Balance at 31 March 2024 Balance at I April 2023 Incoming resources Resources expended Unrestricted funds General Funds 525,439 469.131 416,773 577,797 Balance at 31 March 2023 Balance at 1 April 2022 Incoming resources Resources expended Unrestricted funds General Funds 428.919 498.218 401,698 525,439 22 Analysls of net assets between funds Unrestricted funds General Total funds at 31 March 2024 Tangible red assets Current assets Current liabilities 17,436 587.491 27.130 17,436 587,491 27,130 Total net assets 577.797 577,797 Page 21
Life Education Wessex Notes to the Financial Statements for the Year Ended 31 March 2024 Unrestrlcted funds General Total funds at 31 March 2023 Tangible fixed assets Current assets Current liabilities 16,426 540.706 31,693 16,426 540,706 31.693 525,439 Total net assets 525.439 23 Relaled paty transactions There were no related party transactions in the year. Page 22
Life Education Wessex Statement of Financial Activities by fund for the Year Ended 31 March 2024 Unrestricted Funds Total Total Unrestrlcted Unrestricted Funds Funds 2024 2023 Income and Endowments from: Donations and legacies Charitable acttvities Fundraising events Investment income other income 127,420 284,401 44,731 11,307 1,272 153,782 279,715 63,137 848 696 Total income 469.131 498.178 Expendlture on: Costs of generating income Charitable activities (74,304) 342,469 (81.393) 320,265 Total expenditure 416,773 401.658 Net in¢ome 52,358 96,520 Nel movement in funds 52,358 96.520 Reconclllatlon of funds Total funds brought forward Total funds carried forward 525.439 577.797 428.919 525.439 This page does not form part of the statutory financial Statements. Page 23
Life Education Wessex Detailed Statement of Financial Actlvities for the Year Ended 31 March 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies Charttable activities Fundraising events Investment income other income 127.420 284,401 44,731 11,307 1,272 153.782 279,715 63.137 696 Total income 469.131 498,178 Expenditure on: Costs of generating income Charitable activities (74.304) (342,469 {81,393) 320,265 Total expenditure Net income 1416.773) 401,658 52.358 96.520 Net movement in funds 52,358 96.520 Reconciliation of funds Total funds brought foThvard Total funds ¢arried forward 525,439 428,919 525.439 577,797 This page dS not fomi part of the statutory financial statements. Page 24
Life Education Wessex Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Donations and legacios Appeals and donations Grants receivable 23,909 103,511 127,420 37.450 116.332 153.782 Chaiitable activities School based programmes 284,401 284.401 279,715 279,715 Fundrnislng events Fundraising costs 44,731 63.137 44,731 63.137 Investment income Bank interest receivable 11,307 11,307 848 Other income Other income {Profrt)Ik)ss on disposal of tangible fixed assets 1,272 736 40 1,272 Costs ofgenerating income Opening stock Books and materials ctosing stock Wages and salaries Travelling expenses Fundraising Consultancy Costs Professional fees Office rent. rates and related expenses Photocopying and stationery costs Computer repairs and consumables Event expenses (674) (3,222) 239 (49,209) {501) (8,310) (369) {2,417) (478) (173) 9,190 {593) (3,295) 674 (60.887) (582) (4,769) (386) (2,310) (727) (196) 8,322 74,304 81.393 Charitable activities Materials staff and pensions Training costs Travelling expenses (1,300) (226,257) (4,247) {10,740) (245.297) (1,672) (11,098) This page does not fom part of the Statutory financial statements. Page 25
Life Education Wessex Detalled Statement of Flnancial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Rent and rates Insurance Repairs and maintenance Telephone LinCe fee to Coram Life Education Sundry Life Education Mobiles Professional fees Depreciation of plant and maGhinery Depreciation of computer equipment Administrative salaries Rent. rates, insurance and light and heat Office repairs. cleaning and consumables Repairs and renewals Administrative expenses Telephone and intemet Sundry expenses Accountancy and professional fees Independent examinerfs fee Bank charges (6,648) (1.414) {402) (2,458) (17,985) (2,204) (3.781) (3,310) (10,980) (2.704) (20,259) (2,897) (3.137) {17) (560) (88) {491) (2.132) (2,860) 75 (6,188) (1,725) (1,614) (2,750) (17.603) (339) (2,286) (2.787) (6,723) (3.591) (19,521) (2,343) (3.195) (646) (498) (543) (2.699) {2,670) 342,469 320,265 This page does not fomi part of the statutory financial statements. Page 26