Charity number 1078984 Lrfetimes Charity Report and Financial Statements 31 March 2023 Audrtors Bn)okfield & Co 18 Concanon Road London SW2 STA
Lifetimes Charity Report and Financial Statements Contents Page Company infonnation Diredors, report statement of directors, responsibilities Independent auditors, report Statement of Financial Activities Balan sheet 10 Notes to the accounts
Llletlmes Gharlty REPORT OF TRUSTEES YEAR ENDED 31 MARCH 2023 INTRODUCTION Lifetimes Charity is a Charitable Incoporated Organisation - having changed its status in November 2021 from a Gharity and company limited by guarantee. Lifetimes Charity was fomierly known as Wandsworth Voluntary Sector Development Agency (WVSDA) and prior to that as the Wandsworth Volunteer Bureau. Established in 1978 and registered as a Charity in January 20crfJ tt has delivered many projects benefftting the voluntary sector in wandsworth and individual residents. PUBLIC BENEFrr The Tnjstees have paid due regard to the aclivitses and projects delivered by the charity to ensure that the aims of the organisation are for the public benefiL The Charitsble aims fulfilled by the org8nisations activ"eS are: - Promoting any Ghariable purposes for the benefft of the communty in London and the Home Counties" in particular the relief of povety distress and sid(ness and the advancement of education and employment Providing grants via its numerous programs to individuals in need. other charitsble organisat'ons and hospitsls all within tts area of benefit Grants to individuals are provided via its partnership programme Working with specific charities to ensure its grants reach the dients identified by the charity.
Llfetlmes Gharlty Company Inforniatlon The organi%ation is a chaTilable 1n¢orw)ed organisatton Originally Irrpor3ted on 30th March 1999 and registered as eharrty on 17th January 201x1 Memorandum and arlic*s of assc¥iatron reviewed and adopted Govorning document November 2022 R•gistrred office 18 Concanon Road, London SIK2 STA Charlty Number 1078984 N Gibson-lmlson Vcla M Lane l O'Reilly Chatr Company Se¢r¢lary P Champion Chief Executivg P ChampKJn Bankers CAF Bank PO Box 289 West fvlalling Kerrt ME19 4TA HSBC 73 Wandsworth High Street London SW18 2PT Auditorn Brookfidd & CO 18 Conc8non Road London SW2 5fA Soliei Russell- Cooke 2 Putney H&1 London SW15 6AB
GOVERNANCE STRUCTURE & MANAGEMENT In order to ensure that Trustees of Lifetimes are able to meet their full commitinent by giving priority to the charity, we appoint to the board on a skills merit basis according to the direction of our business plan. Each trustee dedares they are able to act as tnjstees and meet the Charity c¢Thmission guKlelines. The selection programme for trustees indude$ an inibal interview with the Chair of the Trustee Board and Chief Executive to explain the strategic and operational posrtion and to set QLrt the contributs'on expected from the prospective trustee. The Trustees then consider the applicants for membership to the Board. TNstees are inducted by the CEO and supplied with a copy of the cuThent Memorandum and Artides of Association, the five year strategic plan, the most recent financial accounts. code of conduct and relevant trustee task descripb'ons. Regular reporting and achievements of the Charitys operations identtfied no major threats to the long temi viabilty of the charity in terrns of threats to independence, resources etc. Having met and exceeded the results of the buisiness Plan for 2018- 2021 a new business plan was developed and approved by the bjstees in 2022. The Trustees delegate day to day responsibilty for the (¢)erations of the Chanty and trading Gornpany to the Chief Executive. The Charity is govemed by a Board of Trustees. The trustees held three wrtual board meetings dunng the finanual year. The Chief Executrve who also acts as Company Secretary is responsible for the day to day management of the Charity.
REVIEW OF ACHIEVEMENTS - public benefft During the year the charity has expanded its of grant programs . New partnership3 with other tharities and schools were made to widen the area of benefit and dients able to apply for grants. We were especially pleased to work with a new partner Walking wtth the Wounded to expand our program to assist ex veterans. The charity also made donations to three hosprtals within tis working area of benefit for gifts and equipment Grants made covered the costs of specialist leaming equipment for children with SEN, laptops for children to assist wih their school work or where SEN apps are required. The charity also paid for the refurt)ishment of a surgical side ward for terminal ill patients or those living with dementia, Electrical household equipment was purchased to assist families in need as well as horse riding lessons for children with physical development and mental challenges. Donations of goods to homeless charities was also made in the chariti.es name. Donations of gifts to hospitals over the christrnas period were also made. The Chanty estimates that approximately 300 people benefited from LIfeb"mes£hanS donations. FUTURE PLANS Lifetimes charity will continue to review and expand its grant programs in areas of need where shortfalls from other funding or impact of Glost of living is shown. FINANCIAL CONTROLS Lifetimes has written finanLial controls. These financial polioes WOTk with the charities other policies on grant funding, partnership agreements, safeguarding etc.. Delegated authority is given by the Board of Trustees to the Chief Executs've to operale within the agreed annual budget Financial infomiation for all the operations of the ¢hanty are regulaty reported and monitored by the Directors and trustees
INVESTMENT POUCY The investment policy is to maximise income whilst ensuring that hjnds remain readity available. Effectively this means that any surplus funds are placed in high interest accounts or in money market accounts until required. Surplus funds represent the reserves held lin accordan wtth the Charitys re5eNes policy) which are not required immediatety to fund WOTking p}kI requirements During the year, the Charity made investments wth several new finanal institutions to safeguard its cash reserves and to maximise income. The inc*ease in revenue is reftected in the accounts. These invesknents will conb.nue for all companies owned or under the directive of Lifets"mes Charity. This new direction is overseen by the Board of Trustees via regular reporting and management accounts but day to day responsibilty is given to the Chief Executive. RESERVES POLICY The Trustees consider tt prudent to hold reserves that can guarantee the achievement of its business plan. The reseNes tEld at 31st March 2023 were £5,111.066. RESULTS The results of the year to 31 March 2023 recorded an overall surplus of £ 5.818.
AUDIT INFORMATION Having made enquiries of fellow trustees and the auditor5, each of the Twstees, listed above, in Offi at the tiffle of approving the trustees, report confirnis that. To the best of each trustee's knowledge and belief. there is no infomiats'on relevant to the preparation of their report of which the companys auditors are unaware". and Each trustee ha5 taken all steps a tnjstee might reasonabty be expected to have to be aware of relevant audit infomiation and to establish that the companls auditors are aware of that infomiab"on. This confimiation is given and should be interpreted in accordan with the provisions of the Companies Act 2006. AUDITORS Brookfield & Co. were re-appointed as audrtors at the annual general meetin9 in accordan with the Companies Act 2006. Registered office.. 18 Concanon Road London SW2 STA Signed by order of the TTUStees P CHAMPION Company Secretary
Llfetimes Charity Statement of Directots. Responslbllltles The tTUStees are responsible for preparing the report and ats in ac{rdanCe with applicab5e law and regulations. Company law requires the trustees to prepare accounts for each finanaal year. Under that law the trusteess have elected to prepare the accounts in accordanee with United Kingdom Generally Apted A(zounting Practice (United Kingdom Accounting Stsndards and applicable law). Under Company law the trustees must not approve the accounts unless they are SatiSfd that they give a true and fair view of the state of affairs of the company and of the profft or loss of the company for that period. In prepartng these accounts, the trustees are required to: select suitable accounting policie5 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 restK)nsible for keeping adequate accounting records that are sufficient to show and explain the company's transathons and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure thal the accounts comply with the Companres Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detedion of fraud and other irregularities.
Llfvtlmos Charlty Ind•p•ndent 8udit¢rn' roPOrt Thfs Iw1 L4 m•J& sdoly tr) m8rts. as a accudarts lth ChApt•r 3 of Part 16 of thg matters are requ111 to State lo Ihern in an au(rrtcn' reFrfYt 8rKI for rK¥ othw To the tulest extent reitted by on th6 aCcots In c()rdance applKle law an¢J IntematiryO Slandarts on (UK and Irdandl Tlk 61and8rds roquire us to owny1th th8 hA#kliThJ Boarrfs {APB's) Ethkal StarKlards tr AJAors. In aC(xYdan th tt exenykn WDvknJ ty APB EthK¥l SIJKlwd. tssrrth EnlibOS (Rthlwj), 8copg of the audit gpinlon assurance that the aco)unts are free frun malerial MisStst vtther (xuJ by frdwj or erTYx. Thi5 wK4ude¥ an CCfi8lslendy 8Wied dArkned. the ¥ea8on8t4enes8 of ¥9rifi(nl accountiThJ estimates mBde by the Oplftlon on th• accounlB In our opinion the acc. glve a tru& and Idr eW ofthe state ofthe ajmpty alfalr3 as & 31 2022 to SmaH8r Enhtt&s,' Qplnlon on othK matthrs prnscrttd bythtr Gompanles Act 2110fj In our oplnton Ihe Infomiakn 9fv8n In tha Tect0. Rryrt for Ihe Jw for th• •eAxyuts atè pr4)ared ts sistenl the a¢counts. Alattors on whl¢h w• arn r¢qulred to rnpfyt by •xc•ptton We have rKbthin9 lo rerxjrt in pert of thè malters thare the crs Ad 2ts ulT us kn ry¥t to s*yJ 11. in ow oplnw: • w8 have n(rt [8 all Ihe snf01mati axl ep44analxms for aud1¢ . the director8 w¢r¢ not entidd to prepwe the cnts ard the o>npanK8s r•g&ii J A Br(ld (Senior Slabjtory Audknrl for and on Ixhalfof Brookltekl & Co FTfiIZ 18 Concarth Rd LONDON SW2 STA
13.& 31415 3141S 679 1.IT6 1.176 IU15 1S5 1.287 5.1)8 1,120 I705 825 .425 11.5 [4.1¥I61 (279.539) Transfers 2.1WJ,936 {1.3•3) 156) {1.451) e¢tyly+tInfill 5,618 1.913,874 1.271.31B 3.833.•YJ 5.105.248 3.191.374 105
Lifetimes Charlty Balance Sheel as at 31 March 2023 2023 2022 Flxed ass•ts Fixed asset investrnents 10 149 521 Current assets Deblors Cash at bank and in hand 11 2.910 6,808 5 054 123 5 060 931 Creditors: amounts falling due wthin one year 12L 218 Net cuffent assets 4,%1,545 5,029,275 Total not a88ets £ 5,111,C 5.105,248 FUNDS Rostrlcted Income 13 1,549,560 3,833,930 Unrestricted Designated funds General Funds 24,870 3,536,636 43,620 1,227,698 Total fvnds £ 5,111,C66 5.105.248 The accounts have been pped in accordan Tmth the provisions in Part 15 of the Companies A¢t 20C6 applicakk to comFwies subj.ect to the Cornpan regime. I cknLL LA Trustee 10
defiW by FRS 102 Cal
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&814 61.#29 8.427 14 70 Pirtkularn olornrAoyfft5: Chie[Exh 149.5 75.973 TorAT 31 M*A(JI IIV3 149.521 I1[
&814 8.427 PartkuOIryMthT.' ¢hi8f EX T(las 149.521 75.973 TOTALAT31 IWtCM21)23 11 DEBr
rthe 31 flarth *m 22 7218 3.831930 117631 (ZW.2 1.549. 4.870 10,750 [18.7501 11.416} 117.3041 Pl.(6n w.5 24,870 3.S36, 1.227. 32.415 1.271 318 3141$ 513 S10424a 5.111.L