Company registralion number.. 03585850 Charity registration number: 71094 RECEIVE G 2 OCT 2025 Life Education Wessex (A company limiled by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 WESTCOTTS CHAIITSAGO ACCOU14TANT• & gU•INEJI ADVI8IH$
Life Educatlon Wessax Contents Referenc& and Adminislratlve Detai18 Trustees, Report 2to6 Independent Examinerfs Report siatement of Financial Activities Balance Sheat Note8 to the Financial Slatemenls 10t022
Llfe Educatlon Wessex Reference and Administratlve Details Chalrman Mr G Hepburn Tru8t008 Mr G Hepburn Mr8 T Drabble Mrs R F Hedger Ms J Swlft Mr Keith Millman (deceased 1 Oth March 2025) M8 P Dyke MrA Lovell Mr L Chrisli8n8en M8 J Walker (resigned 23rd March 2025) Mr P Harrlson S•¢r•tary Mr P Petride8 Charlty Reglstratlon Number 1071094 Company Regl8tratlon Number 03585850 The charity is incorporaled in England and Wales, Rog18tered Office 47 Boutport Street Bamst8ple Dev EX311SQ Ind•p•nd•nt Examlnor Westcotts (SW) LLP Queens House 4244 New Street Honiton Devon EX14 1 BJ Page 1
Life Educatlon Wessex Trustees, Report The Trustees who aré directors for the purposes of company law, present the annual report togelher th the financial statements of the charitable company for the year ended 31 March 2025. Chalr's report Introduetlon l am pleased to provide my report as Chalrman of Life Education Wessex & Thame8 Valley (LEw&fv) for the year ending 31 March 2025. As I write my report Ihis year th8r8 18 crisls across Ihe with nation8 al war, people starvlng and news of earthquakes. With the war In Ukraine continuing for a third year il is possible that there will soon be wider involvement and European forces deployed on the ground to attempt to stop Ru88ian forces deploying further into Europe. In UK nows there are the ¢ontinued Issues of people crosslng the channel and immigration, as well as stori88 of forthcomlr¥J government budgets arKI Ihe usual funding issu8s for the NHS arKI education. With what is going on in the country and the vKrld beyond the V*r)rk of Llfe Education Wessex and Tham8s Valley preparing young people for 80me of life's choic88 and givi them some knowledge and life ski118 18 more important than ever. The8e basic, but e88ential life skills, 1¢h Seem fundamental are often noi a feature Ihat politicians focus on or provide proper funding or even strategy for, A colleague recently referred to what do at the Coram Life Education National Conference as Life Education being the 'fence at the top of the cliff rather than the ambulance at th8 bottom". I think this really does reflect our proactive approach, where 80 often these days it is about klng up the pieces after something has happened, wtten of cour88 it is either loo late, or too costly to address. Our year So, against this somewhat negative background, l am really pleased to report another su¢¢es8ful year with us providing our Services to more children than the pr•vious year. Our wellbeing educational servlces reaching ¢vw 132,873 young people across the Cornwall, Devon, Dors&t, Hampshire & Is16 of Wigh( Somerset, and Thames Valley areas. 79,249 of the children have participated In 6hop8 delivered by our Educators and another 53.624 have been reached by our SCARF $8rvlces. With rkshOpS delivered eilh8r in person, or vlrtually, to young people in: Physical heallh and wellbeing • Mental wellbeing . Online behaviour8 Relationshlps and health Our ¢harltabl• a¢tlvltl•8 It 1$ therefore great lo report that LEw&frf contlnues to be successful in providing a proaclive approach to ensure our children grow Into healthy individuals with safe behavlours through a program of education that gives them the ability to make informed positlve and healthy choices. Our programmes on topics such as drugs, alcohol. smoking and soclal interaction as well as being appropriately advised about online safety, PSHE and RSE education are essentlal In the wortd we find ourselves in today. Page 2
Llfe Educatlon Wessex Trustees. Report Our flnance8 and fundlng It is only possible for us to do this and ID continue to be that "fence at the top of the cllff, wlth financial support from many foundations, charities, companies, other organisations and Indivlduals that support us as wll as those VA support our events and other fundraising activities. So. our grateful thanks go to all who help and support us in this way, without you we slmply would not exist or be able to support over 130,000 young people, Feedback from a recent young person reinforces how Important our services are "I Ilke SCARF..... It h•lps mè lèarn about my8èlf and what I n••d to k••p M• and othern Saf• and h•althy In a fun. happy and 8af• envlronment" It is most important for me to finish by recording my thanks. not only to those who 8UPPOrt the organi8ation financially, but to my colleagues on the trust board, and to the people in our organisation, the educators, fundraiser8, finance Staff, support Slaff and manager8. We are a people busin8s$ and wilhout our peopl8 and their enthusiasm and commilment could not be as successful as we are. So, a big Ihank you to them all as we report at the end of another successful year Page 3
Life Education Wessax Trustees. Report ObJeGtlve8 and actlvltlo• Object¥ and alm8 The Charity's objectives, as prescribed in the Memorandn of Association, are: To promote the good health 8nd V11-being of children and young people; To advance the education of Children and young people, helping them to adopt positlV8 and healthy way8 of livirKJ and to make healthy choices in relation to alcohol, 8moking, diet, exerclse, drugs and other addictive materi81s', To advan¢e the education of children and young people by encouraging responsible behaviour in relaiion to bullying and sexual relationships., In all cases 'in the area of. means the 8r8a of (i) Dor88t, lil) Comwall, (liil Devon, (iv) Somer8et, (v) Harnpshire and Isle of Wight, (vi) Berkshire, (vii) Buckinghamshire (excluding IAilton Keynes), (viil) Oxfordshira and, (ix) East Swindon, in each case as amended by the Company by written Instruction to Iha Charity Member from tlme to lime. Publ1¢ b•n•flt The Truslees consider that the Charity's activiti68 during the year 8ati8fy the Charity Commisslon'8 guldance on public benefit The Trustees confirm thai they have complied with the requirements of 8ection 17 of the Chariii88 Act 2011 to have due regard lo the public benofit guidance published by the Charity CommSssion for England and Wales. Flnanclal r•vl•w The Truslees are 8atigfied that the Charity's assets are avallabl8 and adequate to fulfil its obllgations In relation to Its fund8. Pollcy on r•serves It is the policy of the charity to spend donation8 on tho continuatlon and devel¢)pment of tha sepilee. Hmer, to ensuie Ihat the Charity can meet it8 legal and statutory obligations should the Charily need to Cease trading and bo VUnd up, there will b8 a suitable reseNe ring fenced in the management accounts to meet those obligations, The aim is to have a reserve of at least six months operating costs. over and above the Statutory Resewve. Currently this amounts to £380,000. The Trustees regularly revi&N the amount of this Reserve. Page 4
Llfe Educatlon W8ssex Trustees, Report stru¢ture, govornan¢e and managemont Naturn ofgovernlng do¢ument Th6 Charity is a Company limited by guarantee and exists in accordance with the provision of its Memorandum and Artlcles of Assoclation, dated 20 July 2011. The Charity may only act In furtherance 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 th18 report are 8hown on page 1. Each Trustee has undertaken Io Gontribute an amount nol exceedir¥J £1 to the assets of Ihe Company in the event of it being wound up. Recrultment and appolntment of Trusteos At every annual general meeting, one third (or the number nearest to one third) of the Truslees shall relire from office by rotation. Those Trustees due to retire by rotation shell be those who have been longest in offlce slnce their last appointment. Trustees retlrlng by rolation are eligible for re4lection, New Trustees may be appointed by the Board by ordinary resolulion en the recommendatlon of the exlsting Trustees. The Trustees are fully conversanl wlth the legal and profe&8ional requirements of thelr role. Major rlsk• and manag•ment of tho8• rl8ks Major risks Major risks involved in the delivery ol tho programme8 have been Identified by the Trustees and systems have been developed to mltigate Ihose risks. Health and safety polKy The Truslees have adopted Life EdatiOn'S national policy and each Trustee and employee has been provided with a copy. Chikl protection policy The Trustees have adopted Llfe Education's national policy and each Trustee and employee has been provlded th 8 COPY, 8tat•ment of Tru8t••8' r•8pon81blllt108 The Trustees (who are also the directors of Life EdUtIon Wessex for the purposes of company law) are responsible for preparing the twstees, report and the financial slatements in acconlancè wilh applicable law and United Kingdom Accounting Slandards (Uniled Kingdom Generally Accepted Accounting Praciice), including FRS 102 "The Financial Reporting Standard appllcable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companie8. Company law reqUIS the Truslees to prepare finan¢ial gtalements for each financial year. Under company law the Trustees must not approve Ihe financial statements unless they are satlslled thal they give a true and fair view of the state of affairs of the charllable company and of the Incomlng resources and application of resour¢es. including its income and expenditure. of the charitable company for that period. In preparing these flnancial statements, the Trustees are required to: Select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent., Page 5
Llfe Education Wessex Trustees, Report state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any malerial departures disclosed and explained In the flnanctsl statements: and prepare the financial statements on the going concern basis unless It Is inapproprlale to presume that the charitable company will continu8 In buslness. The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable Company and enable them to ensure that the financial statements comply wth the Companies Acl 2006. They are also responsible for safeguardin9 the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charltable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companle8 prov181on Statoment This report has been preparad in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the Trustees of the charity on behalf by.. 1£1¢.12.f and signed on its epbum n and Trustee Page 6
Life Educatlon Wessex Independent Examinerfs Report to the Trustees of Llfe Education Wessex ('tho Company.) I report to the Trusiees on my examinati¢)n of the accounts of the Company for the year ended 31 March 2025. Re8pon8lbllllle8 and ba818 of roport As the Charity's Truslees of tha Company (and 8lso ils direct¢)rs for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2L6 ('the 2006 Acl,). Having satisfied myself that the accounts of Ihe Company are not required to be audited under Part 16 of the 2006 Acl and are eligible for independent examination. I report in respecl of my examlnation of your charity's account8 as carried out under 8ectk+n 145 of the Charities Acl 2011 ('the 2011 Act,). In CArrying out my examination I have followed the Directions given by the Charity CommSsslcffl under section 14515)(b) of the 2011 ACL Independent examlner'8 Stat•m•nt 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 confinn Ihat l am qualified to undertake the examlnation because l am a member of Independent Examiner. lCh is one of the listed bodies. I have completed my examination, I confimi Ihat no matters hav• come to my 8tt8ntlon In connection wilh the examination givlng me cause lo believe.. 1. countIng records were not kept in respect of Life Education Wessex as required by 8e¢tlon 386 of the 2006 Act. or 2. the accounts do not accord wlth those records; or 3. the accounts do not compty wilh the accounting requirements of section 396 of Iho 2006 Act olher than any requirement that the accounts give a 'iruè and fair view which is not a matter considered as part of an indopend&nt examination: or 4. th8 accounts have not been prepar•d in accordance wlth the metho3 and principle6 of the Stalement of Recommended Practice for accounting and reporting by charitie8 [appllcable lo charilies preparing their accounts in accordance wilh the Financial Reportin9 Standard applicable in ihe UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters In connection with the examination to ich attention should be drawn in this report In order to enable a proper understandlng of the accounts lo be leached. Mr8 y French FCCA Independent Exam5ner For and on behalf of Westcotts (SW) LLP Queens Hou8e 4244 New Stro•t Honlton Devon EX14 1 BJ Date:.. Page 7
Llfe Educatlon Wessex Statement of Flnanclal Actlvltles for the Year Ended 31 March 2025 (Includlng Income and Expenditure Account and Statement ol Total Recognlsed Gains and Losses) Unrestrl¢tod fund8 Regtrfetsd funds Total 2025 Total 2024 Nots Income and endowments from.. Donations and18gacies Charitable activities Fundralsing events Investment income Other Inne 143.023 295,194 14,039 19,757 1,000 144,023 295,194 14,039 19.757 127,420 284,401 44,731 11.307 Total income 473,386 474 386 469 131 Expendlturn on: Costs of g8neratlng income 8 Charitable actlviti68 (70,382) (70,382) 353 892 {74,304) 342,469 Total expendlture Net income 424 274 424 274 416 773 49,112 50.112 Net movement in funds 49,112 1,000 50,112 52,358 R•conclllatlon of fund# Total funds broughl forward Total funds carrled fOard 21 577,797 626,909 577 797 525.439 627,909 All of the charltys activities derive from contlnuing operatlons durlng tha above two period3. The funds breakdown for 2024 is shown in note 21. The n¢)tes on pageg 1010 22 fom an in18gral part of these financial ststements. Page 8
Life Education Wessex (Registration number: 03585850) Balance Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tangible assets Current a880ts Stocks Debtors Cash at bank and In hand 16 7,032 17,436 17 18 19 852 43,960 600,706 845,518 239 41,111 546,141 587,491 Cr•dltor8: Amount8 falllng due within ono year 20 24,641 27,130 Net Current a880ts 620,877 560,361 Not a8s•t• 827,909 577,797 Funds ol the charlty: Restrleted Incom• funds Restricted funds 1,000 Unro8lrlctod Income fund• Unrestricted funds 626,909 577,797 Total fund8 21 627 909 577 797 For the flnanclal ye8r anding 31 March 2025 the charity 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 the charity to obtaln an audit of its accounts for the year in question in accordance with section 476: and The directors acknowledge their rasponsibilitias for complying with the requirements of Ihe Act with respect to accounting records and the preparation of accounts. Th8sa financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regim• within Part 15 of the Companies Act 2006. The fin cial stalemenls on pages 8 to 22 were approved by the trustees, and aulhorised for issue on gned on their behalf by: epbum Chaimian and Truste8 The notes on pages 10 to 22 fomi an integral part of thase financial statements. Page 9
Llfe Educatlon Wessex Notes to the Flnanclal Statements for the Year Ended 31 March 2025 1 Charlty ststU6 The charity is limited by guarantee, incorporated in England and Wale4 and con8equenty does not have share capital. Each of the trustees is liable to contribute an amount nol exceeding £1 towards the as8et8 of the charity In the event of liquidalion, The address of Its registered office is., 47 Boutport Street Bamstaple Devon EX311SQ 2 A¢countlng pollcl•8 Summary of 8lgnlflcant a¢¢ountlng pollc108 and key accountlng e8tlmates The prlncipal accounting policies applied In the preparation ol these financial statements are set out below. These policies have been con8iStently applied to all the year8 presented, unle&8 Otherwlse staled. Stat•m•nt of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Slatement of Recommend&J Practice (applicable to ¢haritie8 prepailng thelr accounts 5n accordanc8 with the Financial Reporting Standard applicable In the UK and Republic of lffjland (FRS 102)) (issued in October 20191 (Charities SORP (FRS 102)), Ihe Financial Reporting Standard 8pplicable in the UK and Republic of Ireland (FRS 102) and Ihe Companies Act 2006. B•s1• of preparatlon Life Education Wessex meels the definition of a public benefrt entity under FRS 102. A&8et8 and liabilllles aro initially recognised at hlstorical cost or transactlon value unle38 Otherwlse stated in the relevant accounllng policy notes. The financia gtatements are prepared in sterling which Is the functional currency of the entily. Golng concorn The trust888 consider that there are no materfal uncertainties about the charity's ability to contlnue 85 a going concem nor any signifiGani areas of uncertainty that aflect the carrying value of assets held by the charity. Exemptlon from preparlng a ¢•sh flow 8tat•m•nt The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore rt included a cash flow statement in these financial statements. Incom• and endowments All income is recognised once the charity has entitlement lo the income, it 18 probable that Ihe income ryll be received and the amount of the income receivable c8n be measured rellably. Page 10
Llfe Educatlon Wessex Notas to tha Flnanclal Statements for the Year Ended 31 March 2025 Donatlons and legac1•8 Donation8 are recogni88d when Ihe charity 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 perfonnance by the chariiy before the charity is entitled to the funds, the inct)me is deferred and not recognised until either those conditions are fully meL or the fulfilment of tho88 conditions 18 wholly wilhin the control of the charity and It is probable that these conditions will be lulf illed in the reporting period. Grants rnc•lvabl• Grants are recogni8ed when the charity has an entitlement lo Ihe funds and any conditions Ilnked to the grants have been met. Vthere perfomiance conditions are altached to the grant and are yet to be met, the income is recognised a5 8 liath.llty and Included on the balance sheel as deferred income to be released. Investment Income Investment income is included when recelvable. Exp•ndltur• All expenditure is recognlsed on an accruals basis once there is a legal or constructive obligation to thal expenditure, it is probable settlement Is required and the amount can be measured reliably. All osls are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be direclly attributed to particular headings they have been allocated on a basis consistent with the us8 of rè8ource8, Wlth central staff costs allocated on the basis of time spent. and deprecialion charge8 all¢xated on the portion ol the asset'8 use. Other support ¢08t6 are allocated based on Ihe spread of staff costs. Ralslng funds These are costs incurred in attracting voluntary income, Iho management of Investments and th¢)se Incurred in trading activitie$ that raise funds. Charltable actlvltle8 Charitable expenditure Comprises thos& Costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated dir8Ctly to such activitles and th¢)se wst8 of an indired nature nece&8ary lo support Ihem. Support costs Support costs include Centrdl functions and have been all¢xated lo activity cost categories on a basis consislent with the use of resources, for example, allocalirMJ property costs by floor areas, or per capita. staff c¢)Sts by Ihe time 8pent and other costs by Iheir usage. Governanca costs These include the costs attributable to the charity's compliance with constitutional and slatutory requirements, including audit, strategic management and trustees meelings and reimbursed expenses. Page11
Llfe Educatlon Wessex Notes to the Flnanclal Statements for the Year Ended 31 March 2025 Taxallon The charity is considered to pass the ièsts set out In Paragraph I Schedule 6 of the Finance Acl 2010 and therefore it meets the definilion of a charitable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempt from taxati in respect of income or capital gains received within categories covered by Chapler 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to tha exlent that such income or gelns are epplied exclu8ively to charitable purposes. Tanglble flx•d a88•t8 All fixed assets are initlally COlded at cost, less any subsequenl accumulated dépreciation and subsequent accumulated impairment losses. Deprnclatlon and amortl8atlon Depreciation is provided on tangSble flxed assets $0 a$ to write clf the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: ASS ¢la$• OffKe furniture and equipment Computer equipment Other plant D•preclatlon m•thod and rats 10 years stralght line 3 years straighl line 3 years $tralght line Cash and ¢a$h •qulvalonts Cash and Cash equivalents comprise cash on hand and cash depo8it8, and other short-term highly liquid investments that are readily convertible to a kn¢)wn amount of cash and ara subject to an insignificant rlsk of change In value. Borrowlng• Inierest-bearing borrowlngs are Initlally recorded at fair value. net of transacllon costs. Intere8t-bearing borrowings are subsequently carried at amortised cosl, with Ihe difference b6lw8en the proceeds, net of transaction costs, and th8 amount due on redemption being recognised a5 charge to the Statement of Financial Activiiies over the p8riod of the relevant borrowing. Interest expense Is recognised on tha basi$ of the effective intérest method and Is Included in int8re8t payable and Similar charges. Borrowings are cla86ified as current Ilabilities unl868 the charity h8s an unconditional right to defer Settlement of the Ilabilty for at least twelve months after the reporting date. Fund 8tructur• Unrestricted income funds are genèral funds Ihat are availale for use al the truste88 discretion in furlheranc8 of Ihe objectives of Ihe charily. Restricled income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 12
Llfe Educatlon We88ex Notes to the Flnanclal Stat8ments for the Year Ended 31 March 2025 Flnan¢lal In8truments Classlfl¢atlon Financial assets and financial liabilities are recognised when the charity becomes a party to the contractU81 provisions of the instrument. Financial liabililies and equity Instrumenls are classified according lo the substance of the contractual arrangéments enlered into. An equity instrumenl is any contract thal evldences a residual Interest in the assets ol the charity after deducting all of its liabilities. Recognltlon and m•a8urnm•nt All financial assets and liabilities are initialty measured at transaction price (including transaclion costs), excapt for th08e financial ass8ts classified as at fair value through profit or loss, which are initialty measured at fair valu8 (which is normalty the transaction price excluding transaction costs), unless Ihe arrangernent constitutes a financin9 transaction. If an arrangement constltutes a flnanclng transaction, the flnanclal asset or financiaj liability 18 measured at the present value of the future payments di8¢ounted at a markot rate of interest for a similar debt instrument. Financial assets and liabilitie8 are only offset in the 3tatemenl of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charlty Intends either to settle on a net basls, or to reallse the asset and settle the Ilablllty 6imultsneou81y. Financial assets are derecogni88d when and only when 8) the contraciual rights to the cash flov from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and reward$ of ownership of the financial asset, or c) the charity, despite having retalned Some, but not all, significant risk8 and rewards of ownership, has transferred conlrol of the asset to another party. Financial liabilitles are derecognlsed only when the obllgatS¢)n specrfied in the contract 18 discharged, ¢ancell8d or expires. Debt Instruments Debl instruments are subsequently measured al amortised t. Page 13
Life Education Wessex Notes to the Flnancial Statements for the Year Ended 31 March 2025 3 Incoma from donaiions and1ogacl•8 Unrestrlcted funds General R•8trfct fund8 Total 2026 Total 2024 Oonations and legacies; Donations Grant8,' Granls receivable 52,058 52,058 23,909 90,965 143,023 1,000 1,000 91,965 103,511 127 420 144 023 Included in grants receivable are grants from Thatcham T¢%vn Ct)undl of £555, Chrlslchurch Town Council 01 £400 and a restricted amount of £1,000 frcxn The Four Barrows Foundation. Page 14
Llfe Educatlon Wessex Not88 to the Flnanclal Statements for the Year Ended 31 March 2025 4 Incomo from charitablo activitles Unrnstrlctad funds Gen•ral Total 2025 Total 2024 School based programmes 295,194 295,194 284,401 5 Incorne from other tradlng actlvltle8 Unr•8trlct fund8 General Tolal funds Total 2024 Fundraising eventg 14,039 8 Inv•8tmant Incom• Unrostrlcted funds G•neral Total 2026 Total 2024 Bank Interest receivable 19,757 19,757 11,307 7 Other Income Unrn8trl¢t•d funds Ggneral Totsl 2025 Total 2024 Other income 1.373 1.373 1,272 Page 15
Life Education Wessex Nots8 to the Financial Statements for the Year Ended 31 March 2025 8 Expendlture on ra181ng funds a) Cost8 of ral8lng donatlons and l•gacl•8 Unrestrlctsd fund8 Gon¢r•l Total 2026 Total 2024 Costs of raising donations and legacies 9 Exp•ndltur• on eharltabl• actlvltl•8 Unre8tr1ctad lund8 G•nor•l Total 2025 Total 2024 Not• General costs Depreciati¢)n, amortisalion and other simllar co8t8 Staff c0818 Allocated 8UPPOrt costs Governance costs 23,379 23,379 24,523 13,544 252.578 29,440 34,951 353 892 13,544 252,578 29,440 34,951 353.892 13,684 245,297 26,449 10 10 342,489 Page 16
Llfe EducatSon Wessex Notes to the Financial Statements for the Year Ended 31 March 2025 10 Analy818 of govornance and 8UPPOrt C08ts Support costs allocated to charltable actlvltlo8 Othor 8UPPOrt CO8t8 Total 2025 Totsi 2024 Rent and rates Insurance Repairs and maintenance Licence fee to Coram Life Education 6.562 2,161 1,227 6,562 2.161 1,227 19.490 6,648 1.414 402 17,985 26,449 29.440 29.440 Govemance costs Vnre8trl¢ted fund8 Genoral Total 2025 Totsl 2024 Stsff costs Wages and salaries Independent examiner fees Examination of Ihe financial statements Legal fees Other governance costs Allocated support costs 20,527 20,527 20.259 3,000 1,860 4,026 5.538 34,951 2.860 2.132 4,128 3,137 32,516 1,860 4,026 5.538 34.951 11 Net In¢omlngloutgolng re8ourco8 Net incoming resources for the year include; 2025 2024 Depreclatlon of fixed assets 13,544 13,684 Page 17
Llfe Education Wassex Notes to the Flnancial Statements for the Year Ended 31 March 2025 12 TYu8t•e8 remuneratlon and exp8n8e8 No trustees, nor any pefi8ons connected with them, have received any remuneralion from the charity during the year. Two truslee8 received a total of £21 S reimbursed expenses fr<xn the charity durlng the year (2024: £109). Page 18
Llfe Educatlon Wessex Notes to the Flnanclal Statements for the Year Ended 31 March 2025 13 Staff costs The aggregate payroll costs were 88 follows.. 2025 2024 Staff costs durlng the year worn: Wages and salarles 322,056 314,765 The monthly averag8 number of per8on$ (including senior management I leadership team) employed by the charily during the year was as follovts., 2025 No 2024 No Number of charitable staff Number of cost of generatlng funds staff Number of governance staff 11 11 No employee received emoluments of more than £60,000 durlng the year. 14 Ind•p•ndant oxamlnerf8 remuneratlon 2026 2024 Examination of thè financial statement8 3,000 Page 19
Llfa Educatlon Wossex Notes to the Financial Statements for the Year Ended 31 March 2025 15 Taxatlon The ChtY is a regISted charity and is th8r8fore exempt from taxation. 16 Tanglble fix•d a8•0ts Flxture6 and flttlngs Computer •qulpm¢nt othor plant Total C08t At 1 April 2024 Addition8 1,567 13,281 2,307 51,515 833 66,363 3.140 At 31 March 2025 1.567 Depreclallon Al 1 April 2024 Charge for the year At 31 March 2025 1,567 11,213 2.243 36,147 11,301 48,927 13,544 1,567 13,456 47,448 62.471 Not book valu• At 31 March 2025 2,132 At 31 March 2024 2,068 15,368 17 Stock 2026 2024 Finished good8 852 239 18 D•btorn 2026 2024 Trade debtor8 Prepayments Accrued income 32,150 2,544 32,922 2,624 41,111 Page 20
Llfe Educatlon Wessex Notes to the Flnanclal Statements for the Year Ended 31 March 2025 19 Cash and cash equlvalents 202S 2024 Cash on hand Cash al bank 45 600 661 171 545,970 546,141 600,706 20 Crodltors: amounts falllng due wlthln onoyoar 2025 2024 Trade creditors VAT liability AG¢ruals 7,244 13,696 3,701 24,641 5,877 17,301 3.952 27.130 21 Fund• Balance it 31 March 2025 Balanc• at 1 Aprll 2024 Incomlng r080ur¢o8 Re8ource8 oxp¢ndod unro8trfOd fund8 General Funds 577,797 473,386 (424,274) 626,909 Re8trlcted funds Restricted Funds Totsi funds 577.797 424,274 627,909 BalanGe at 31 March 2024 Balance at 1 Aprll 2023 Incomlng r•sourco8 Resources gxpèndod Unr•8trl¢t¢d fund8 General Funds 525,439 469,131 416,773 577,797 The specific purposes for which the funds are to be applied are as follows: Re8tr5¢ted funds Funds received from The Four Barrows Foundation to be used for Berkshlre Education. Page 21
Llfe EduGatlon Wessex Notes to the Financial Statements forthe Year Ended 31 March 2025 22 Analy818 of nat a88ets between fund8 Unr•strlcted fund8 Gen•ral Total fund8 at 31 March 2025 RtrIcted fund8 Tangible fixed assets Currant assets Current liabilities 7.032 644,518 24,641 626,909 7,032 645.518 24,641 1.000 Totsl net assets 627.909 Unrn8trlcted funds General Total funds at 31 March 2024 Tangible fix1 assets Current as6 Current liabilitie8 17,436 587,491 27,130 577,797 17,436 587,491 Total net a88ets 577,797 23 R•lat•d party tran8actlons There were no related paty transactlons In the year. Page 22
Llfe Educatlon Wessex Statement of Flnanclal Actlvltles by fund for the Year Ended 31 March 2025 Unr88trlcted funds Total Total Unrestrlcted Unre8trl¢t•d fund8 fund8 2026 2024 Incom• and andowments from: Donations and legacies Charitable actlvities Fundraising events Investment Income Other Income 143,023 295,194 14.039 19,757 127,420 284.401 44,731 11,307 1,272 Total Income 473.386 469 131 exp•ndlturo on: Costs of generating income Charilable activllles (70.382) 353,892 174,304) Total expenditure Net Income 424 274 416,773 Nat movement in fund8 49,112 52,358 Ro¢on¢lllatlon of funds Total funds brought forward Total funds Carried fop•vard 577 797 525 439 626,909 577 797 This pag8 d08s not fomi part of the statutory financial statements. Page 23
Llfe Education Wessex Statement of Financial Actlvities by fund for the Year Endad 31 March 2025 Restrlcted funds Total Total Re8trfctsd Restrlcted fund8 funds 2026 2024 Incom• and endowm•nts from: Donations and legacies Total Income 1,000 Expondltur•on: Nèt income R6con¢lllatlon of funds Total funds carried for44ard This page d¢XS not fom part of the statutory financial statements. Page 24
Life Educatlon Wéssex Detalled Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Income and endowments from: Donations and legacies Charitable activities Fundraising events Investment incomo Other income 144,023 295,194 14,039 19,757 1,373 127.420 284,401 44,731 11.307 1,272 Total Income 474 386 469 131 Expendlturg on: Costs of generats'ng income Charitable activities (70,382) 353 892 {74,304) 342.469 Total expenditure Net income 424,274 416.773 50.112 52,358 Net movement in funds 50,112 52,358 R•con¢lllatlon of funds Total funds brought forward Total funds carried forward 577 797 525 439 627 909 577 797 This page does not form part of the statutory financial statements. Page 25
Life Education Wessex Detslled Ststsment of Financial Activities for the Year Ended 31 March 2025 Totsl 2025 Total 2024 Donatlons and legac1•8 Appeals and donations Grants receivable Grants receiv8bl8 52,058 1.000 23,909 103,511 127420 Charftabl• •¢tlvltles School ba8ed programmes 284 401 295,194 284,401 Fundralslng events Fundraising costs 14.039 14,039 44,731 44.731 Inv•stment Income Bank interest recelvablè 19,757 19,757 11.307 O¢h•rlncom• Other income 1,373 Costs of gen•ratlng Income Opening Sttxk B¢ok8 and materials Closing stock Wages and salarie8 Travelling expenses Fundraising consultancy costs Profe88ional fe88 Office rent, rates and related expenses Pholocopylng and stationery cost8 Computer r8palrs and consumables Event expenses (239) <674) (3,222) 239 (49,209) {501) (8,310) (369) (2,417) (478) (173) 9,190 852 (48,951) (130) (17.613) {386) (2,383) (590) (197) 765 70,382 74.304 Charltable actlvltle8 Books and materia18 Staff and pensions Training costs Travelling expenses (6,195) (252,578) 792 {11,412) {245,297) (1,6721 {11,0981 This page does not fom part of the stslutory financial statements. Page 26
Llfe Education Wessex Detailed Statement of Flnancial Actlvltles for the Year Ended 31 March 2025 Total 2025 Total 2024 Rent and rat86 Insurance Repairs and maintenance Telephone Licence fee to Coram Life Education Sundry Llfe Educalion Mobiles Profes8fonal fee3 Depreciation of plant and machinery Depreciation of computer equipment Administratlve salarles Rent, rate8, insurance and light and heat Office repairs, cleaning and consumables Rep8ir8 and renewals Adminislratlve expenses Telephone and internet Sundry expenses Accounlancy and professional fee8 Independent examine¢s fee Bank charges (6,562) (2,161) (1,227) (2.262) (19.490) (894) (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 {3.408) (11,301) (2,243) (20,527) (2,609) (5,538) (626) (64) (667) (1,860) (3,000) 353 892 342 469 This pag8 does not fonr part of the statulory financial statements. Page 27