Charity number 1078984 Lifetimes Charity Report and Financial Statements 31 March 2024 Auditors Brookfield & Co 18 Concanon Road London SW2 STA
Lifetimes Charity Report and Financial Statements Contents Page Company information Trustees, report Statement of directors, sponSibl11t1eS Independent auditors, report Statement of Financial Activities Balance sheet Notes to the accounts 10 11 12 13
Lrfetimes Charlty Cqxnpany Inforniatlon status The organisation is a charitable incorporated organisation Originally incorporated on 30th March 1999 and registered as a charity on 17th January 2000 Memorandum and articles of association reviewed and adopted November 2022 Governing document Reglstered office 18 Concanon Road, London SW2 STA Charity Number 1078984 Tru•t•eslDlrectorn N Gibson-wilson V Clart( M Lane l O'Reilly Chair (Until 21st March 2024) Chair (From 21 st March 2024) Company SeGrotary P Champion Chlof Exocutlve P Champion 8ankor8 CAF Bank PO Box 289 West Malling Kent ME19 4TA HSBC 73 Wandsworth High Street London SW18 2PT Audltorn Brookfield & CO 18 Concanon Road London SW2 STA Sollcltorn Russell- Cooke 2 Putney Hill London SW15 6AB
Lifetimes Charity REPORT OF TRUSTEES YEAR ENDED 31 MARCH 2024 INTRODUCTION Lrfetimes Charity is a Charitsble Incoporated Organisation - having changed its status in November 2021 from a charity and company limited by guarantee. Lifetimes Charity was formerly known as Wandsworth Voluntary Sector Development Agency (WVSDA) and prior to that as the Wandsworth Volunteer Bureau. Established in 1978 and registered as a cha¥hty in January 2000 it has delivered many projects benefitting the voluntary sector in wandsworth and individual residents. PUBLIC BENEFIT The Trustees have paid due regard to the activities and projects delivered by the charity 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 benefit of the communty in the area of London and the Home counties. In particular, the advancement of education, the protection of health and the relief of poverty, distrass and sickness. Providing grants via its numerous programs to individuals in need, other charitable organisations and hosprtals all wtthin its area of benefit. Grants to individuals are provided via its partnership programme working with specific charities to ensure its grants reach the clients identified by the charity.
GOVERNANCE STRUCTURE & MANAGEMENT In order to ensure that Trustees of Lifetimes are able to meet their full comrnitment 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 trustees and meet the Charity commission guidelines. The selection programme for trustees includes an initial 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 descriptions. Regular reporting and achievements of the Charitys operations identrfied no major threats to the long tem viability of the charity in terms of threats to independence, resources etc. Having met and exceeded the results of the business Plan for 2016- 2021 a new business plan was developed and approved by the tustees in 2022. The Trustegs delegate day to day responsibility for the operations of the Charity and trading company to the Chief Executive. The Charity is govemed by a Board of TTUStees. The trustees held three 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 Charity.
REVIEW OF ACHIEVEMENTS - public benefit During the year the charity has expanded its grant programs . We have welcomed four new partnerships with other charities aimed to widen the area of benefit and clients able to apply for grants. Klngston Hospital. Our work with the Kingston Hospital Charity continued and we funded fittings and furniture for a room in the Childrens Sunshine Ward. This room would help children in mental heatth crisis. A plaque was erected in this room. Sarah Shade Deputy Chieft Nurse comented.. Yhanks to the amazing response from people like you across our communty, we have been able to incorporate safe spaces for children and young people presenting to our paediatric emergency department and for those admrtted on Sunshine Ward. Works on the relocated and redesigned children's emergency department were completed in mid-November and will shortly accommodate sensory equipment and toys that will reduce stress and anxiety for those children with special educational needs and disabilities. .1 would like to express my sincere thanks to all who responded so positively during the spring. In total, including the contributions from the Lifetimes-chances Charity and The Victoria Foundation. approximately £27,000 was raised to help those children who visit our hospital with mental health issues or special educational needs. It's so important we provide the right environment for them. Thank you so much." Lifetimos purchased 60 Christmas gifts for the elderly patients on wards on Christmas day. In May 2023 the tranquil space room fijnded by Lifetimes in financial year ending March 2023 was completed. It is expected that approximately 40 patients per year will benefit from this TOOM. Working with other hospitals. Lifetimes and Chances purchased 115 Ghristmas gifts for children at the Royal Marsden and the elderly at Kinston and St Geor9e8 Hospitsl. The Royal Mar5den hospital commented 'This is a fantsstic list of resources. Best wishes, Tanya. Lifetimes Chanc8S thank you all once again, the Children's will be so grateful for these gifts" Domestic vlolence partnerships. During the year we expanded and welcomed two new charities to our partnerships, Safe In Sussex and Wycombe Womens Aid joined our existing group of DV charities helping women wha have fled abusive relationships and are starting to rebuild their lives. This year we funded essential furniture and household equipment for 27 individuals and their children.
Disabled children and young persons. We welcome our new partner the Dame Vera Lynne Childrens Charity and look forward to working with them in the future. During the year we gave funding for essential equipment and servces to parents of disabled children via Achieving for Children and Barnfield Riding School Homelessness In Young People. We welcorne our new partnership with CAYSH and look forward to working with them in the future. Ex Veterans project. Working in partnership with Walking with the Wounded, Lifetimes chances assisted 42 ex veterans during the year. Purchase5 of equipment, funding for training and laptops, together with other essential items to assist ex veterans to rebuild lives after their service in the anned forces. "I personally find the grants so useful and when l ask my veterans what they need to progress to employment I can always tum to Lifetimès" Jonathan Scott Laws - Senior IPS Employment Advisor. Below are 2 case studies AD was experiencing low mood and depression, expressing feelings of hopelessness and loneliness. AD mentioned having nothing to look fonmard to. AD lives alone with minimal contact W5th his adult son. After leaving the navy he got into construction . However, AD fell out of work and needed employment support from Walking with the Wounded to get back into sustainable employment. Being out of work for over 10 months AD needed an updated CV and was helped by wwrw to secure several job interviews. A former veteran that Jon supported,managed to get AD an interview within a facilitias management company he managed. AD was offered the position. Having worked in the construction industy AD wore old clothes to work, however he needed some intemal PPE for the new job. With the support of Lifetime, AD managed to get work trousers, waterproof jacket, work safety shoes and a bag to put his tools in. AD has now been working for the company for 5 months and is enjoying the routine of employment again KN served in the British Army Air Corps for 2 years when he had to leave for medical reasons cutb'ng his military career short. KN wanted a job where he could be closer to his family in Cambridgeshire and living in London he didn't get to see his kids as much. Jon supported KN update his CV and supported him to apply for a grant through Lifetime Charity to get him a laptop so he can search and apply for his own jobs WWTW supported KN in his job search and helped him secure funding for the interview. KN has now secured employment near his family and has been working for 7 months and is really enjoying the job.
Foodbanks. During the year we supported 4 foodbanks with grant donations 'Thank you so much for this latest donation. We really appreciate your support. Sadly, we continue to see demand for our foodbank. Yesterday we were contacted by a single mum who had her UC and child benefit reduced and an NHS worker struggling to afford the essentials. Kingston foodbank FUTURE PLANS The Trustees of Lifetimes charity will Continue to review and expand its grant programs in areas of need where shortfalls from other funding or impact of cost of living is shown. FINANCIAL CONTROLS Lifetimes has written financial controls. These financial policies work with the charities other policies on grant funding, partnership agreements, safeguarding etc.. Delegated authority is given by the Board of Trustees to the Chief Executive to operate within the agreed annual budget. FinanGial information for all the operations of the charity are regularly reported and monitored by the Directors and trustees
INVESTMENT POLICY The investment policy is to maximise income whilst ensuring that funds Temain readily 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 (in accordance with the Charity's reserves policy) which are not required immediately to fund working capital requirements During the year. the Charity made investments with several new financial institutions to safeguard its cash reserves and to maximise income. The increase in revenue is reflected in the accounts. These investments will continue for all companies owned or under the directive of Lifetimes Charity. This new direction is overseen by the Board of Trustees via regular reportin and management accounts but day to day responsibility is given to the Chief Executive. RESERVES POLICY As an independent charity, the Trustees consider it prudent to hold reserves that can guarantee the achievement of its business plan and remain a going concern.The reserves held at 31 st March 2024 were £5,171,867 RESULTS The results of the year to 31 March 2024 recorded an overall surplus of 60,801.
AUDIT INFORMATION Having made enquiries of fellow trustees and the auditors, each of the Trustees, listed above, in office at the time of approving the trustees, report confinns that: To the best of each trustee's knowledge and belief, there is no information relevant to the preparation of their report of which the company's auditors are unaware; and Each trustee has taken all steps a trustee might reasonably be expected to have to be aware of relevant audit information and to establish that the companls auditors are aware of that information. This confirmation is given and should be interpreted in accordance with the provisions of the Charities Act 2011. AUDITORS Brookfield & Co. were rtrappointed as auditors at the annual general meeting in accordance with the Charities Act 2011. Registered office: 18 Concanon Road London SW2 STA Signed by order of the Trustees P CHAMPION Company Secretary
Lrfetimes Charity ststement of Trustees, Responsibilities The trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations. Charity law requires the trustees to prepare accounts for each financial year. Under that law the tru5teess have elected to prepare the accounts in accordance with United Kingdom Generally ACpted Accounting practi (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the chanty and of the profit pr loss of the charity for that period. In preparing these accounts, the trustees are required to: • select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and henGe for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Lifetimes Charity Independent auditors. report to the members of Lifetimes Charlty We have audited the accounts of Lifetimes Charity for the year ended 31 March 2024 which comprise the Profit and Loss Accoun( the Balance Sheet and the related notes The financial reporting framework that has been applied in th8ir pr8paration is appIlble law and UnFted ngdoM Accounting Standards, including The Charitie5 Ad 2011 and the Charitios (Accounts & Report5) Regulations 2008. This report is made solety to the tharity8 member8, as a body. in accx)rdance ryth the Gharities Act 2011 and the Charits'es {Accounts and Reports) Reguations 2008. Our audit work has been undert8ken so that we might stste to the charity's members those matters we are required to state to them in an auditors, report and tor no other purpose. To the fvllest extent pennrtted by law. we do not accept or assume responsibilty to anyone other than the charity and the charity's members as a body. for our audit Work, for this feport, or for the opinions we have fomied. RPact1 fg8pon81bllltlo8 of IN8tO08 and auditors As explained more fulty in the Ststement of Trustees, Responsibilities, the trustees are responsible for the preparation of the a¢¢ounts and for being satisfied that they give a true and fair view. Our responsibility 1$ to audit and ewress an opinion ors the accounts in accordance with applicable law and Intemational Standards on Auditing (UK and Ireland). Th058 5tsndards require us to compty with the Auditing Practices Board's (APB'S) Ethical Slandards for Audito In ac¢ordan¢e wth the exemption provided by APB Ethical Standard- Prowsions Available for Smallor Entities IRevi38d), we have prepared and submitted the charity's r8lum$ to the tax 8uthorits.es and assisted with the PTeparatr"on of the accounts. 8¢opo of tho audlt oplnlon An audit involves obtaining edence about the amounts and disdosuTes in the accounts sufficient to give reasonable assurance that th8 accounts ar8 free from matèrial mis$lat8m8nt, wh8th8r caused by fraud or error. This indudès an asse88mant ot. vthether the accounting pollcies are appropriate to thè charlty's CFrcum31anc88 and have been consistenuy 8pplied and adequately disclosed,. the r0860n8blen8ss of svJnificant accounting estim8tos made by Ih trusto98', and the overall prosontation of the accounts. Oplnlon on the accounts In our opinion the account8: glve a true and falr wew of the slate of the tharity's affairs as at 31 March 2024 have been properly prepared in acGoTdance with United Kingdom Generally AcK£pted Acoiunting Practi applicable to sMalr Entlllès.. and havo been prepared in accordan¢g fjth th8 rnquirèm8nts of tho Charit•9 Ad 2011. Oplnlon on othor matt•rn pmcrfb•d byth• Charltlo9 Act 2011 In our opinion the infonnation givan in the Trustees, Report for the financial y•ar for vthlch th• accounts aro prepar•d 18 consistent with the accounts. Mattor8 on whlGh we arn requlred to raport by exceptlo We have nothing to report in respect of the following matters vthere the Ch81ilies Act 2011 requires US to report to you rf, in OUT opinion.. adequate accounting rer))rds have not been kept, or retums adequate for our audit have not been received from branches not visit8d by us.. or th8 a¢counts are not in agr88mont wrth th8 4tr1)unting records and relurns; QT certain disdosures of diredors. remuneration specafied by law are nol made., or • wg have not recgived all the information ui the trustees wero not ontit18d to pr8paro th8 accounts an re9ime. truytees, rep n acconlance 1th the small eharitios J A Brookfield (Senior Statutory Audilor) for and on behalf of Brookfield & Co Acwuntsnts and Statutory Au 18 ConeAnon Rd LONLX)N SW2 STA 10
Lif•llmes Char5ty stst•m•nt of lInal81 ActlTAtles lorth• y•ar •nd•d 31 M•r¢h 1024 Toial 2024 Totsl 2023 2024 2024 INCIMNG RESOURCES Acti¢• br gtnaratlng fiMd• InstmeNt incom 64,294 33.071 97,365 38,094 TOTAL INCCMNG RESI)URCE¥ 84,294 33,071 97,385 38,094 RESOURCES EXPENDED- Co•ts ofg•n•rntlng fund• C08ts cl oenernlng vcluntary Income fundra18Ing 1,176 ChoAtabl• •XpdItr•. Charttsble oclvid•B Govemance 29,202 321 19.637 P39 4B,839 1.260 25.670 4,079 TOTAL RESOURCES EXPENDeD 2è,523 20.576 50,099 30,825 NETW4CCWIG RESOURCES BEFIJRE TRANSFERS 34.771 12,495 47,266 7,269 Tranolw• UnTealls•d G&lnillL0Ji> on Inve8knentass•ts 3,348 10,187 13,535 11,4S11 N•t m)v•m•nt in ndS 38,119 22,682 60,801 6,818 R•¢onelllwtlon olfvnth Balanc•• brJgt foThvard 3,581,508 1,548,560 6.111,068 5,105,24B Total fvnd• c•ffl•d lorw• 3 699 625 1 672 242 171 187 111 066
Lifetimes Charity Balance Sheet as at 31 March 2024 Notes 2024 2023 Flxad assets Fixed asset investrnents 163,056 149 521 Current assets Debtors Cash at bank and In hand 10 6,431 5 004 141 5010572 2,910 4,965 853 4 968 763 Creditors: amounts falling due wtthin one year 11 •L-L Net currnnt assets 5,008,811 4,961,545 Total net assets £ 5,171,867 5,111,066 FUND8 Restrleted Income 12 1,572,242 1,549,560 Unrnstrlcted Designated funds General Funds 23,880 3,575,745 24,870 3,536,636 Total fund8 £ 5,171,867 5,111,066 The accounts have been prepared using the exempiion in FRS 102, paras 1.8 to 1.13 from includlng a cash flow statement in the financial statements on the grounds that the charity 1$ small. Trustee Approved by the board on 12
Lll•tlm•5 Chavlty Note4 to the Accounts rorthe year endod 31 TCh 2024 Accounthig poltcl•¥ ala ol i¢counibn9 The fiTrantial statements betn prepared underthe hi¥torical c051 ConvenOn, a5 rwJlfi8d by thè vaiualiw cl investrnents at m&rket value. in accordanc£ wrth Ihe siathrn8nt Rewnmended Prxtice'ActrJuntsng and Reporbng ty Chgrities preparing thairaccounts in a¢wrdancewrth th& Financ8il ReprotthG Standard aable in th& UK arkd Reputllc of Ireland IFRS1021 issued in Orober2019 snd Ihe Charities Act 2011 and UK genaraly acGeptad pracOc¥ 88 it from 1 January 2019. The tN8teeg lldenthat th8rn8re nwteri85 unotsinties ablt Lifetsm Charitrfs obltyto Mntinue a$ o gn9 conctm. Cmh Ilow•tatam•nt The tnjstees have tsken advant•ga of tho exemplon In FRS 102, para5 1.8 to 1.13frcffj indd9 • ca8h flow Bt#tnent In the finandal statunents on the grounds that tho charity is Small. Don4tlon• OonAtion8 And oth•T vcluntary Incom• •r¢ acctyjntsd forythen recthyd. Grant8 Grant I¢01 4$ fe¢cqnlBed in the period to tho grantrnlat•s R•Bour¢M •xp•nd•d ExpondthT b rncounls•d M an a¢)xuo1 b•8h •¥ a l&bilty incurrad. Expondilurn Indude• 41 VAT which Cannot te Fundralslny costs fA)mprf3e a proppOn ol the $ary eo4t• memb•rs gf 8taff Invol¥•d. Plus dwect•xp8fidKur¢ colts ot engaglng a fundral8lng conNthnL Gowemsnca costs Sndude direct costs rdatin9 to ext¢mal 4udit,18gal fees, ond 8 propolon of dlrect S814ry costs of staff Invdv•d In th8 governan of the chartty. Th• 58Lary Iwm represents the c05l pf Ihè Chief Executive prnpartng. Att•ndlna and fdlwnq up on i8•ue8 8urmundirq th• ChAty'É ofTrustee meetlngi, annual 8tr•tegScr•iAew yoduGllon ond th• Annul G•neral Meety'ng. Salary co•1¥ •ré al¢>¢otsd to actknkn•• on th• b1• of time bpent8nd orfgin•l fvndkng condilcn•. 1 oih•reo&tsor• ollocat•d bets¥n th• CRt•g¢d•• of prol•ct exponditurts on a ba613 d•gn•d to rofi•rtAnd comply wth the origind lundlnq conditi¢$. Fund Jccourrtlng LKotlme$ operates a nurnbpr ol restricted and unf¢•trfcted lundB. R•Ètricted fund8 cAn only be used lor a purtKuhr restrtcled punj02 a• Skxdfied bythe donor. Funding recai¥8d io deliver the maln objectlvas of the charity is unre$lrtct•d. Dotalls and m04tnxnt olfund• are •hown In not*• 12 and 13.
Lllotfjmès Charfty Notas to tha kcounts forth•y•*r 8nd•d 31 Ihrch 2024 3 COST OF GENERATING Fi5 ur•8t11tt•d Re8trl¢t•d Totsl Fund• Funds Funds 2024 Total Fund• 2023 St•ff c08ts 1.176 4 CHARITABLE ACTIVITIIS Unmthclod Funds RtrIcts Totsl Fund• Fund 2024 TotAI Fund• 2023 Proyl•lon olch•rltablg i•P41¢M: coAis Grants outsy4$ 2,950 22,83S 3,302 13.094 6.262 35,729 3,76S 16,925 8upport ¢o•ts: Support costs 3,617 a.2Tr 6,868 4,8BO S GOVERNAP4CE Unr••trf¢tgd Fund6 Rutrfct•d Fund• Totsl 2024 Total Fund 2023 St•ff Gth Audll lees Gharfty Trustee$ •ypeny8B L•9oJ and Prorf•Son 840 11381 558 883 1,100 270 (7981 279 279 321 939 TiftAL RESOURCES EXPENDED GrAni• p•ld •nd oth•r Total Fund• ZQ24 Tot•1 Fund• 2023 Dlrect th•rit&t4• •xwnd1ra 6,252 840 42,587 420 48.839 1,260 25,570 4,079 1,176 Goveman¢e Co•tofo•n•rNbNJ Funds
Liffyllmes Ch#vlty Nots4 ts)th• A¢court8 forth? ygor8rtd 31 March 2014 The aggr8gat• staff ¢08ts wgr•: 2024 2023 Wagts and sal8rfes Other staff costs SIding F•nsion •nd rEdyfidan¢y costs 7.002 5,814 7 TRUSTEÉ REMUNERAnoN AND RELAYED PARTY TRANSACTIQNS One Tmstee Teceiv*d Y•muneration of £315 for pToJectwoth. 12023.. £2701 Portkul•r8 of omployg9S'. The awrs9t numberof staff emrloyed by the company during th•finoncial year •mouni•d to 2024 2023 hlef Executi Project staff Administral've $l•ff Totals OPEIIATINO SURPLUSIIDEFicin Operatirtq surpluslldefiritl is afterch•rolAg 7024 2023 St•ff Fen•lon contrfl¥JlonJ Audltorn, remunerntlon18rookneld & Col 138 FIXED ASSET INslENT3 2024 2023 COIF inv•Jtments 183.056 149.621 TOTAL AT 31 MARCH 2024 183056 Mart¢t value of COIF Inv••trnent ll ihwi at rnt• Confi0d by CCLA Inv•stmonts •t 31 March 2024. 10 DEBTOR8 2024 2Q23 Olh•r d•btor• 910
Llfetlm Charfty Notes to the k¢ounl4 forthe y•aT eTrd 31 March 2024 11 CREDITCS: mnI# falllng duo withln on• y•ar 2024 2023 Other rrnlitors 12 MOVEMENTS IN FUNDS Bal•nc• •t l Agrfl 2023 Balanco at 31 March 2024 Inc4xnlng cwolnq Tr•n•l•rn RESTRICTED FUNDS Canc•A 1,549.560 43.258 120,5761 1.572,242 TotAI v••trf¢t•d fvnd 1 549 $60 1 572 242 UNRESTRICTED FUND8 D••lgn4t•d fund• ICT Lrfe*'m•s Premls81 Project devdopment 4.870 4,870 20,000 18801 19,010 24,870 3,536,836 19901 12B,S33} 23,880 3,575,746 87,042 Totsl Unr••trl¢t•d Fund• 3 581 SO8 3 599 825 TOTAL FUN 5,111 066 11D.900 5,171 887
LFfetlmos Chwlty Not•• to the Accounts fOrth•r •nd•d 31 2024 13 H1£. NATIJRE •ND PURPOSES OF FUNDS PUIIPOSES OF RÈSTRICTED FUNDS chanc Chance$ proNides bont0 a speofic dknt gmup and 88 such is ruNenlytr8Bt8d as r•$ln"thd fulld by Lmmes ¢h8rity. PURP08ES OF OE8IGPIATED FUND8 ICT Thisftjnd hos been deSn#ted to be u69tt trIUre ond rduth$th¢nlof ICTequiprrxnt to 8n8ure thot8ySt8ms u58d by the charity are •dequat to need5. Proloct devolopmont Th18 fund i¥ to de¥elapfuturo bu81r prryects in line wlh th¢ 6 yaRrbLfySne•• F40 &grS February 2022. 14 ANAL18 OF Nrr A•JETS {b•tw••D V••Irl and wv••trlGts?fvhd•) •r n•t Inv••trn•nts Chancej 163,056 1,409,186 1,572,242 Total r••trlct•d fvnd• 163 066 f 40B 186 1 $72 242 D••llln•tsd futtd•: IGT Proloct d•vdopm¢nt 4,870 4,670 23 880 O•n•rnl m•r¥ 3,575,746 3.676,745 Tol•l unr••trlGt•d fund• 3 625 3 599 625 T•td Fund• 163058 5008B11 5 171867