Charity number 1078984 Lrfetimes Charity Report and Financial Statements 31 March 2022 Auditors Brookfield & Co 18 Concanon Road London SW2 STA
Lifetimes Charity Report and Financial Ststements Contsnts Page Company information Directors, report statement of directors, responsibilities Independent auditors, report Statement of Financial Activities Balan sheet Notes to the accounts 11 12
Lltstirngs Charity G¢)mpany Inlornmtion Th¢ organisalion is a GhaTitable inG0rated organisation Originally incorp)rated on 30th March 1999 and registered as a charity on 17th January 2000 Memorandum and arlides of assooation ¥1ed and adopted Govoming document November 2022 Charity Number 1078984 Registered offi¢¢ 18 Concanon Road, London STA Charity Number 1078984 Tru8tee81Director8 N Gibson-wlln V Clark M Lane l O'Reilty Chair Company Secretsry P Champion Chief Executive P Champion Bank•rs CAF Bank PO Box 289 West Malli Kent ME19 4TA HSBC 73 Wandsworth High Street London SW18 2PT Auditorn Brookfield & CO 18 Concanon Road London SIN2 STA Solicit¢>r• Russell- cke 2 Putney Hill London SW15 6AB
Lltstlmes Charity REPORT OF TRUSTEES YEAR ENDED 31 MARCH 2022 INTRODUCTION Lifetimes Charity is a Charitable Incoporated Organisation - having changed its ststus in Novemter 2021 from a charity and company limited by guarantee. Lifetimes Charity was fomiety known as Wandsworth Voluntary Sector Development Agency (wSDA) and prior to that as the Wandsworth Volunteer Bureau. Established in 1978 and registered as a chanty in January 2000 it has delivered many projects benefith.ng the voluntary sector in wandsworth and individual residents. PUBLIC BENEFrr The Trustees have paid due regard to the activities and projects delivered by the harity to ensure that the aims of the organisation are for the public benefit The Charitable aims fulfilled by the organisations activities are: - Promoting any charitable purposes for the benefft of the communrty in the london Borough of Wandsworth and any part of Greater London {via Lrfetimes Charity). In particular, the advanment of education, the protection of health and the relief of poverty, distress and sickness. - Providing grants via its numerous programs to individuals in need and hospitals all wtthin its area of benefft. Grants to individuals are provided via its partnership programme working with specific charities ot ensure its grants reach the dients identified by the charity.
GOVERNANCE STRUCTURE & MANAGEMEKr In order to ensure that Trustees of Lifetime5 are able to meet their full commitrnent by giving priority to the charity, we appoint to the boar(l on a skills merit basis according to the direction of our business plan. Each trustee declares they are able to act as trustees and meet the Chaiity commission guidelines. The selection programme for trustees indudes an inilial interview with the Chair of the Trustee Board and Chief Executive to explain the strategic and operational position and to set out the contribution expected from the prospective trustee. The Trustees then consider the applicants for membership to the Board. Trustees are inducted by the CEO and supplied with a copy of the current Memorandum and Articles of Association, the five year strategic plan, the most recent financial accounts. code of conduct and relevant trustee task descripts"ons. The Charity made several governan changes during the year. these induded selling its trading ann and consolidating all its reserves. The charity also d)anged from a charity and limited company to a charitable incorporated organisation. The charity has also reviewed its working operations and decided that a dedicated offi was no longer a requirement and the lease for this ended in Deember 2021. Regular reporting and achievements of the Charitys operations identified no major threats to the long temi viability of the charity in temis of threats to independence, resources etc. Having met and exceeded tth results of the buisiness Plan for 201& 2021 a new business plan was developed and approved by the tustees in 2022. The Trustees delegate day to day responsibility for the Operati(5 of the Char1 and trading company to the Chief Executive. The Charity is governed by a Board of Trustees. The trustees hekl fve virtual board meetings during the financial year. The Chief Executive who also acts as Company Secretary is responsible for the day to day management of the Chanty.
REVIEW OF ACHIEVEMENTS - publlc benefft During the year the charity has increased the number of grant pro9rams tt deltvers. It has also signed new partnerships with other charities to widen the area of benefit and clients able to apply for grants. The charity also made donations to three hospitals within its wotking area of benefft for gffts and equipment Grants made covered the costs of speaalist leaming equipment for children wilh SEN, laptops for chiklren to assist wth their sthool w¢)rk or where SEN apps are required. The charity also paid for the refurbishment of a surgical side ward for terminal ill patients or those living with demenb'a, Electrical household equipment was purchased to assist families in need as well as horse rbding lessons for children with physical development and mental challenges. Donations of goods to homeless charities was also made in the chartties name. Donations of gtfts to hospitals over the chrsstmas period were also made. The Charity ests'mates that approximateSy 300 people benefited from Lifetimes£hances donations. FUTURE PLANS Lifekn'mes charty achieved the main objects of its business plan for the period 2016- 2021. This was a great achievement despite Covid affecting its business operations in temis of delivering training etc. A new business plan was agreed in February 2022 for the period up to 2025. FINANCIAL CONTROLS Lifetimes has written financial controls. These financial policies work with the charities other policies on grant funding, partnership agreements, safeguarding eto. Delegated authority is given by the Board of Trustees to the Chief Executive to operate within the agreed annual budgeL Financial InfOnatiOn for all the operations of the charity are regularty reported and monitored by the Directors and trustees
INVESTMENT POUCY The inveslment policy is to maximise income whilst ensuring Ihat funds remain readily available. Effectively this means that any surplus funds are placed in high interest accounts or in money market accounts until requireiy. Surplus funds represent the reserves held (in accordan with the Charitys reseNes policy) which are not required immediately to fund working capital requirements During the year, the Chanty made investrnents with several new finanaal institutions to safeguard its cash reserves and to maximise income. The increase in revenue is refiected in the accounts. These investments will continue foT all companies owned or under the directive of Lifetimes Charty. This new direction is overseen by the Board of Trustees via regular reporb.ng and management accounts but day to day responsibilty is given to the Chief Executive. RESERVES POLICY The Trustees consider it prudent to hold reseNes that can guarantee the achievement of its business plan. The reserves held at 31 st March 2022 were £5,105,248. RESULTS The results of the year to 31 March 2022 recorded an overall surplus of £ 1,913,874.
AUDIT INFORMATION Having made enquiries of fellow trust and the auditot5, each of the Trustees, listed above, in office at the time of approving the truslees, report confirms that. To the best of each trustee's knowledge and belief, there is no infomation relevant to the preparation of their report of which the companls auditors ale unaware; and Each trustee ha5 tsken all steps a trustee might reasonably be expethd to have to be aware of relevant audit information and to estsblish that the companls auditor5 are aware of that information. This confirmation is given and should be inleTpreted in aGrdan with the provisions of the Companies Act 2006. AUDITORS Brookfield & Co. were re-appointed as auditofs at the annual general ffltsng in accordance with the Companies Act 2006. Registered office". 18 Concanon Road London SW2 STA Signed by order of the Trustees P CHAMPION Company Secretsry
Lifètimes Charity Statsment of Directors. Responslbllttles The truslees are responsible for preparing the report and accounts in a¢Mrdance with applicable law and regulations. Company law requires the tnjstees to prepare accounts for each financial year. Under that law the trusteess have elected to prepare the accounts in accordance with United Kingdom Generalty Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the 3tate of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the trustees are required to: • select suitable accounting policies and then appty them consistently, make judgements and estimates that are reasonable and prudent" prepare the accounts on the going concem basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the companls transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts compty WFth the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking Teasonable steps for the prevention and detection of fraud and other irregularities.
Llfetlmos Charlty Independ•nt audltorn. ioport to the 8har•hold•r• of Llletlm•s Tradlng Hmllod report 18 made sdety to thg menkn. as a IW. a(¢d Chaptw 3 of P•t 16 of th& Corrparth Acl >Th. Our audit ljeen $0 IIAt w• Irw st to the c>)mpanl$ m8mbars thosa matters we are regUiT•d to Slate to thwn in an reMY( otFt ww¥e. To ts lullBSt pxtcnt perm5tlg(1 ty body, for ouraudrt ky this rewL kntform& the aceoLmt8 aThl for sati$W th giby 8 and fr vi. (kn r¢sp¢Mibllty is io aLdt and oxpress accounts. Scopo d the audlt oplnion Oplnlon on th• 4¢¢0$ In our OFqnton the aCrunts. ' ol¥e a true and fair vie ofV state Of1 c11$ affaks as ai 31 2022 to SmaN8r Entiiigs: 8ThJ Mattern on Thkh wo •r¢ rnqUiTBd to r•port by •XGeF W, in ouroplnton: branche6 not $lie ty u8; or J A Bmc&fiekl and on bthalf of Brookfield & Co LOND(4 28 January W23 Irk 5fA
Lrfetimes Charity Balance Sheet as at 31 March 2022 2022 2021 Fixed assets Fixed asset inveslments 10 Current a$80ts Debtors Cash at bank and in nd 11 6.808 5 054 123 5 C60 931 147,346 1,803 897 1 951243 Creditors.. amounts fallirtg due within one year 12 Net currgnt assets 16,365 1,934,878 5.029.275 T•)tsl net assets £ 5.105,248 3,191,374 FUNDS Endowmènt Capitsl Fund$ Reslrtcted Incomè 13 1,231.495 4Q6,528 3.833,930 Unroslrlcted Designated funds General Funds 43.620 1.227,696 423,972 1,129,379 Total fvnd8 £ 5.105,248 3,191,374 The accounts have been prepared in ardance with the prtivisiorts in Part 15 of the Companies Act 2006 applicable to companies Subj to the smaEI companies regime. Trustee Approved by the Lhjard on 10
torth• >yaren31 Il•r¢h 20# 202f 13.832 13.832 .915 1.424 054 11,187 t8.rxx) 17.4e2 a24102 2B5.107 1tr2.556 10.040 7Y) 5.13B TOT RESOURCES EXPEIIDED .425 179.194 NET IN¢OIIING RESQUA¢ES BEFUIE TR*ISFERS (WAO33} 2.49¢ 1279.5391 148.938 V¥onsfers rrf LKetime$TrJr 13>J.972 11230.072) 1193.9ae I1936 IbZ31 ie30 140.0001 1Tr4Q331 3,427.402 11,231,495) 1,013,W14 1,553.361 .528 1.fd1.495 3.191,374 3.079.576 1271 J11 191 374
forthe yearendert 31 llarGh 2W l Accwrrflny in It UK an¢ ot Irdd IFRS1021 l Jw¥ 2Q1& d&5ned by FRS I2. (Kongagiw afvTrlrawn9OXWJ IheknnU Geh¢rnl kleetin P•110 Fund •¢11
Ufeiimos CrIty Tatsl Tdal t&032 13,832 237,915 i&B52 300 915 3 GRATlfSANDCOrnCi3REQIVAht TrAa T(AFtThls 22 2021 16,fOJ 16 4 C(ISTOFGiNEBATWNG FUf4r TLXAt T(lal Fkr•JB x)x Fxl• Tfrf•l Funds 101178 101176 107.462 1W2.931 6.1* 55.128 6 GONTRNANCE 79) 7 TOTAL RESOVRCtsEXVXNIIED TLrfal TLXd FwKI• 1Q176 199.111 5.138 1V2.588 10.046 138 176 425
LNthrnes Charlty forth•y•Ar•ndr 31 IAavch 61.923 6.427 8.96g 16.427 113 Prw staff Adminlstr¥tswestsr Toi818 Is 8uryluW(d*it) stated alterchyg" 10 HXED ASSETW¥E$TMÈtr 1,215.OJD 16.496 COIF Sh3[E¢#p In Iradirq 75.9n TOT AT 31 M#RCH 2022 Thetrading ClXhPWty In wwtheswesc4d lryWi12021. 11 DEBT 12.¢X)) 1X.f
Lifpumes Ghanty 4423 4.133 16 13 IAOVEMEiifs IN FUI•)S Èt4LI¢XwE1 FLVa>8 1,231.495 157al I13.972) 2,203.a6D (8.9301 1.TJO.•72 3.B33.9YJ UNRESThIC7ED FUI4)S 7,ISO SWffuThJ Lifetsmes PremLses 152,Wl 15,3311 f3A419} 18,750 4rd,972 1,129.379 159,933) 12X$64 (320.419) 32Q419 43.620 1,227.8gB 17,4fjZ 351 1.271 316 3.191.374 3CO,425 5.105,248
Nottt thoA¢¢owts f0rtheyeqrded 31 Il¢h 20 PIJRPOSES OF RESTRIGTED FUIID5 Chènees chan provides benefits to a st aThl as s is wi•treknJ as a tIed fvnd ty Lifetrrt ch8ity. ICTThs lund has teen ErledfO L 10 Stsff Yund Thbs fund to¥ered radundansy ofstAllin NovwT)tsr 2021. Pmject dovelopment Thts fuThJ is to (%luluTe bu5itw wryd5 in kn¢ with the 5 yvar bu$intss plan agfeed Febrwy 20. Chance8 75.972 3.757.958 &W.930 757 958 3 0339YO D•*lgnotod ICT retirne3 Prembe 18.750 8.750 20.IV) 1.227.688 1.227.898 1 271 318 1 271.318 Funds 972 02g 276 5 105248