Independent Examiner's Report to the Trustees of the BASIC Life Charity I report on the accounts ofthe charity for the year ended 31 December 2024 which are set out on fonn CC178. Respoctlve responsibilities of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charity's Iruslees consider thal an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general Directions given by the Charity Commission under section 145{51{b) of the 2011 Act- and state whether particular matters have come to my attention. Bas18 of Ind8pendont examln8r'8 r8port My examinalion was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts pres8nt8d with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures und8rtak8n do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examlner's 8tatement In connection with my examination, no matter has come to my attention.. which gives me reasonable cause to belleve that, In any materlal respect. the requlremenls.. to keep accounting records in accordance with section 130 of the 2011 Act., and to prepare accounts whlch accord wilh th8 accounllng records and comply with thé accounting requirements of the 2011 Act have not been met; or to which, in my opinion, attention should bo drawn In order to enablo a proper understanding of tha accounts to be reached. T,T.(i J. J. Oakley F.C.A Bealons Llmited Chartered Accountants 7 Three Rivers Business Park Felixstowe Road Ipswich Suffolk IP10 OBF 23 April 2025 CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1st January 2024 Period end date Period start date To 31 $1 December 2024 Charity name: The BASIC Life Charity Charity registration number: 1079263 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Para 1.17 THE RELIEF OF PERSONS IRRESPECTIVE OF RACE OR RELIGION WHO ARE IN NEED BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, POVERTY OR SOCIAL OR ECONOMIC CIRCUMSTANCES BY THE PROVISION OF THE BASICS OF LIFE, BEING THOSE OF SHELTER, FOOD, EDUCATION, RECREATION AND CHRISTIAN SPIRITUAL GUIDANCE, ANYWHERE IN THE WORLD AND BY ANY OTHER SUCH CHARITABLE MEANS AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.17and 1.19 The running of three traditional charity shops, two sorting and distribution depots and a community café. The provision and introduction of 'Pop- UplTop-Up Shops, to enable those in need to access affordable food Para 1.18 The Trustees are aware if the guidance issued by the Charity Commission on public benefit Additional information (optional) You ma choose to include further statements where relevant about.. SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP reference During 2024 the charity opened a new shop in Woodbridge. This was a planned move and mean that we would, in time be able to provide funding to those in need in the town and surrounding villages. This also meant the charity could offer employment to four new members of staff. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole, Para 1.20 We also continued to pay for free breakfasts for the pupils at three local schools. The prices of items in our shops have remained the same for over 24 years, so this in itself. represents significant assistance to our customers. We continued to run our Pop-up shops and saw our idea continued to be replicated throughout the county. Additional information (optional) You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 The financial situation at the end of the year was robust with significant savings held with a view to cover the new expansion. However, we are aware that the investment in the new Woodbridge site would temporarily restrict our ability to provide large financial donations for approximately hteen month. Ordinarily our reserves would represent no less than 9 months costs Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 £186,794 None Para 1.22 Para 1.24 None Para 1.23 None Additional informatlon (optional) You ma choose to include further statements where relevant about: Shop sales, Online Sales, Auctions The charity's principal sources of funds (including any fundraising) Para 1.47 None Investment policy and objectives including any social investment policy adopted Para 1.46 Our major costs are rental for our premises. As per our reserve policy we do not see this as a significant risk A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts: Type of governing document Charitable Trust Para 1.2S Deed How is the charity constituted? I I Il'ated Para 1.25 Registered charity Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trustee selection made by nomination Additional information (optional) You ma choose to include further statements where relevant about,. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisationa5 structure and any wider network with which the Gharity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Re istered charit number Charity's principal address The BASIC Life Charit BASIC 1079263 30 Seaton Road Felixstowe Suffolk. IP119BP Names of the charity trustees who manage the charity Dates acted If not for whole ear Trustee name Offlce Ilf any) Name of person lor body) entitled toa olnt trustee ifan Rosemary Bulpitt Mary Elizabeth Denny Monica Kyle 10 12 13 14 15 16 19 20 Cor orate trustees - names of the directors at the date the re ortwasa roved DSrector name Name of trustees holding title to property belonging to the charity Tru8tee name Dates acted If not for whole ear Funds held as custodian trustees on behalf of others Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects None Details of arrangements for safe custody and segregation of such assets from the charity's own assets None Additional information {optional) Names and addresses of advisers (Optional informatlon) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) MARY E DENNY ROSEMARY BULpirr TRUSTEE TRUSTEE Date 23 APRIL 2025 Charity Name The BASIC Life Charity Annual accounts for the Charity No lif any) eriod IHARITY I (OMMISSI ' 1079263 CC17a Period stsrt dale Period end dale 0110112024 3111212024 Section A Statement of financial activities Restricted Income funds Recommended categorle8 by actlvlty D8talls of own analysls Unrestricted funds Endowment Total Ihl8 funds year Total last year Incoming resources (Note 3) Incoming resources from generated fund$ Voluntary Income F01 F02 F03 F04 F05 S01 8,959 8,580 Activities lor 98nerallng funds S02 Investment incorne S03 3,099 3,099 2,224 Incomlng resources from charltable actlvltles S04 326,573 326,573 271,083 Other Incomlng resourcé¥ S05 Total Incomlng resources s06 Resources expended (Notes 4-8) 338,631 338,631 281,887 Co8t8 of Generatlng Funds Costs of gengraling voluntary Income S07 Fundraislng tradlng costs Investmenl management eosls S09 Charltab19 actlvllles sfjo 349,217 7,371 349,217 252,679 Govèrnancè cost8 S11 7,371 8,312 Other resources expended S12 Total resources expended $13 Net Incomlng/{outgolng) resources before transfers s14 356,588 356,588 260,991 17,957 17,957 20,896 Gross transfers between funds S15 Net Incoming/(outgoing) resources before other recognlsed gains/(losses) s16 Other recognlsed galnsl(losses) Gains and losses on revaluation of fixed assets for the charity's own use Gains and losses on inveslmenl assets 17,957 17,957 20.896 S17 S18 Net movement In funds s19 17,957 204,751 17,957 204,751 20.896 183,855 Total funds brought forward Opening balance adjustment to reserves Total funds carried fonvard s21 S20 186,794 186,794 204,751 CC17a {Excel) 3010412025 Section B Balance sheet Restricted income funds Unrestricted funds Endowment Total this funds year Total last year Fixed assets Tangible assets F01 3,090 F02 F03 F04 3,090 F05 8,861 (Note g) B01 B02 Investments (Note 10) Total fixed assets B03 B04 3,090 3,090 8,861 Current assets Stock and work in progress Debtors (Note 11) (Short terml Investments Cash at bank and In hand Total current assets B05 BO6 11,030 11,030 7,627 B07 808 182,320 193,350 182,320 193,350 190,013 197,640 B09 Credltors: amounts falling due within one year (Note 12) 810 9,646 9,646 1,750 Net current assets/(Ilabilltles) 811 183,704 183,704 195,890 Total assets less current liabllities 812 204,751 Credltors: amounts falllng due after one year (Note 12) 813 Provlsions for liabilities and charges B14 Net asséts B15 186,794 186,794 204,751 Funds of the Charity Unrestrlcted funds B16 186,794 186,794 204,751 B17 Restricted Income funds (Nole 13) Endowment funds (Note 131 B18 B19 Total funds B20 186,794 186,794 204,751 Signed by one or two trustees on behalf of all the Iruslees Signature Print Name Date of roval MARY BETH DENNY ROSEMARY BULPITT 2310412025 2310412025 CC17a {Excel) 3010412025 Section C Notes to the accounts Note 1 Basls of preparatlon This section should be completed by all charities. 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost (except that inveslmenls are shown at market value) in accordance with.. Accounting and Reporting by Charities- Statement of Recommended Practice ISORP 2005)., and with" Accounting Standards; Financial Reporting Standards for Smaller Enterprises (FRSSE): or and with the Charilles Act. exce I for the followin -TSck as appropriate: if all relevant disclosures shown in the pack have been given then please tick "Accounting Standards.; if disclosures completed in these accounts have been reslricled to those required by Ihe FRSSE, then please lick "Financial Reporting Standard5 for Sm311er Enterprises IFRSSE)" If no departures from the chosen standards have been made then delete these words., olheTWiS8 giv6 details of any change5 in the boxes. 1.2 Change In basls of accountlng There has been no change to the accounting policies (valuation rules and methods of accounting) sinc8 last year (g except for the following}. S if no changes have been made to acwunting policies then delete these words. 1.3 Changes to previous accounts No changes have been made lo accounls for previous years {Sg excepi for the following). Sg if no changes have been made to accounts for previous periods then delete these words. CC17a (Excel) 3010412025 Section C Notes to the accounts (cont) Note 2 Accounting policies This slandard list of accounting policles has been applled by the charlty except for those delèted. Where a different or addilional policy has been adopted then this is detailed in the box below. INCOMING RESOURCES Recognition of incoming resources These are included in the Slalement of Financial Activities ISOFAI when.. the charity becomes enlilled to the resources., the Iruslees are virtually certain they will receive the resources,. and the monetary value can be measured with sufficient reliabililv. Where incoming resources have related expendilure18s with fundraising or contract income) the incoming resources and felaled expenditure are reported gross in the SOFA. Grants and donations are only included in the SOFA when the charity has un¢ondilional enlitlemenl to the resources. Incomlng resources wlth related expendlture Grants and donatlons Tax rg¢lalms on donallons and glfts Contractual Income and pèrformancè related grants Incoming resources from tax reclaims are included in the SOFA at the same lime as the gift lo which they relate. This is only included In Ihe SOFA once the related goods or services have been delivered. Glfts In klnd Gifts in kind are accounted for al a reasonable estimate of their value lo the charity or the amount actually realised. Gifts in kind for sale or distribution are included In Ihe accounts as gifts only when sold or dlslribuled by the charity. Gifts in kind lor use by the charity are included in the SOFA as In¢omlng resources when receivable. Donated Sgrvlces and facSlltS88 These are only included in incomin9 resources Iwilh an equiv81ent amount in resources expended) where the benefit lo the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the seNice or facility received. The value of any voluntary help recelved 1$ not Included in the accounts bul is described in the trustees, annual report. Volunteer help Investment Incomo This is included in the accounts when recelvable. Investment galns and1058g3 This includes any gain or loss on the sale of investments and any galn or loss resulling from revaluing investments to Ma￿et Value al the end of the year. EXPENDITURE AND LIABILITIES LlabllSty recognltlon Li8bililies are recognlsed as soon as there is a legal or conslrvclive obligation committing the charity lo pay out resources. Include costs of the preparation and examination of slalutory accounts, the Costs of Iruslee meetings and cost of any leg818dvice lo trustees on governance or constilulional matters. Where the charity gives a grant with conditions for ils payment being 8 specific level ol service or oulpul to be provided, such gr8nls are only recognised in the SOFA once the recipient of the grant has provided the specified service or oulpul. Govemance costs Grants wlth perfomianGe condltlons Grants payable wlthout perfomiance condltlons Support Costs These are only recognised irs the accounts when a commitment has been made and there are no conditions lo be met relating to the grant which remain in the control of the charity. Support costs include central functions and have been allocated lo activity c051 categories on a basis consislenl with the use of resources, eg allocating property costs by floor areas. or per capila, staff costs by the time spent and other costs by their usage. ASSETS Tangible fixèd assèt5 for u$• These are capilalised if they can be used for more than one year. and cost al least £500. They by charlty are valued al cost or a reasonable value on receipt. Investmonts Investments quoted on a recognised stock exchange are valued at market value al the year end. Other inveslmersl assets are included al tnjstees, best estimate of m8rkel value. Stocks and work In progress These are valued al the lower of cost or market value. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE CC17a IExcell 3010412025 Section C Notes to the accounts (cont) Note 3 Analysis of incoming resources Incoming resources may be further analysed If thls would help the reader of the accounts. Thls year Last year Analysis Volunlary income Donations 8,959 8,580 Total 8,959 8,580 Activities for generating funds Total Investmenl Income Bank Interest 3,099 2,224 Tolal 3,099 2,224 Incomlng resources from charitable actlvltles Grants Sho Sales Sho Sales Sho Sales Sho Sales Online Sales Gift Aid Cafe Sales VAT 5,225 137,844 67,297 11,069 Felixslowe Walton ol Woodbrid 140,812 77,479 4,819 32,813 56,909 3,117 10,559 65 326.573 42.795 1,600 6,017 764 271.083 Total CC17a {Excel) 3010412025 Section C Notes to the accounts (cont) Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounls. This year Lasl year Anal sls Costs of generating voluntary income Total Fundralslng tradlng costs Total Investment management costs Total Charitable activilies Sho and De ot Rent Sala IAdminislralionlCasual PAYEI N. l. Contributions Rates Electricit IGasl Tele hone InsurancelAccounlanc 40,288 206,472 21,602 3,367 20,839 7,383 37,650 132,626 15,458 3,038 17,784 6,857 -E 111 Printin IPosla elstalione Sund Ex enseslPetl Cash Donations Paid Motor Ex enses Other Costs (Repairs Elc) Café Costs 8,222 2,864 10,268 7,761 13,592 6,559 349,217 5,660 1,136 9,229 6,025 13,178 4,038 252,679 Governance costs Inde endent Examination Fee reciation char Loss on dis osal of fixed assets 1,600 5,771 1,905 6,006 401 8,312 Total 7,371 CC17a (Excel) 3010412025 Section C Notes to the accounts Icontl Note 5 Support Costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs. Fundralslng actlvlty Charltable Actlvlty Governance Actlvlty Total Cost ort cost t Total Note 6 Detalls of certaln Items of expendlture 6.1 Trust99 expenses Please pmvlde detalls of the amount of any payment or relmbursement of out-of-pocket expenses made to trustees or to thlrd partles for èxpenses Incurred by trustees. If no expenses were paid, please enter 'None' In the appmprlate box(es). Thls year Last year Number of trustees who were pald expenses Naturo of Ihe expenses Total amounl pald 6.2 Fees for examlnatlon or audll of the accounts Please pmvlde detalls of the amount paid for any statutory external scrutiny of accounts and other seNlces provlded by your Independent examiner or auditor. Ir nothing was paid please enter NONE in the appmprlate box(es). Thls year Last year Independent examiner's or auditors, fees for reporting on the accounts Other fees (for example: advlce, consultancy, accountancy services) paid to the independenl examiner or auditor 1600 1905 CC17a (Excel) 3010412025 Section C Notes to the accounts (cont) Note 7 Paid employees Please complete this note if the charity has any employees. 7.1 Staff Costs This year Last year Gross wages, salarlès and beneflts In klnd Employer's National Insurance costs Pension costs 216,922 3,725 7,427 228,074 139,918 2,938 5,228 148,084 Total staff costs 7.2 Average number of full-llme equlvalent employees in the year Th18 yoar Number Last year Number The parts of the charlty In whlch the employees work 14 Total 14 7.3 Deflned Contributlon pension scheme Please complete if a deflned contribution Brief detalls of the scheme enslon scheme Is o erated. Thls year Lasl year The costs of the 8cheme to the charlty for the year The amount of any contrlbutlons outstandlng at the year end The amount of any contrlbutlons prepald at th8 year end CC17a (Excel) 3010412025 Section C Notes to the accounts (cont) Note 8 Grantmaking Please complete thls note if the charity made any grants or donations which in aggregate form a materlal part of the charitable activities undertaken. 8.1 Total value of grants Grants to Instltutlons Total amount £ Grants to Individuals Total amount £ Purpose for which grants made Total 8.1 Grantmaking costs If the charlty's accounts are prepared on the "activity basis" please glve detalls of any support cost assoclated wlth grantmaklng. Please enter "Nil" If the charity does not Identlfy and/or allocate support costs. Support costs of grantmaklng 8.3 Grants made to Institutions If the charlty has made grants to particular Institutions that are materlal In the context of Its grantmaklng please glve detalls of the institution supported, purpose of the grant and total pald to each Instltutlon listed. Sufficient informatlon should be glven to provlde a reasonable understandlng of the range of institutions su orted. Names of Instltutlons Purposa Total amount of rants ald£ Total grants to institutions CC17a (Excel) 3010412025 Section C Notes to the accounts (cont) Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 9.1 Cosl or valuation Freohold land & bulldlng5 Other land & bullding5 Plant, machinery and motor vehicles Flxtures. flttlngs and equlpment Payments on account and assets under constructlon Total Openlng balance adjustment Additions 1,442 24,013 25,455 Revaluations Disposals Transfers ' Balance carried fO￿ard 1,442 24,013 25,455 9.2 Accumulated depreciatlon and impalrmenl provlslons ** Basis SLorRB SLorRB SLorRB SLorRB SLorRB Rate Balance brought fomard Depreciallon charge for year Impairment provisions 16,594 16,594 5,771 5.771 Revaluatlons Oisposals Transfers. Balance carried forward 22,365 22,365 9.3 Nel book value Brought fomard Carried forward 1,442 1,442 7,419 1,648 8,861 3,090 9.4 Revaluation If any fixed assets have been revalued please give details of the valuer and method of valuation The 'lransfers' mw is for movaments belween fixed asset categories. ' Please indicate the method of depreciation by deleting the method not applicable (SL - straight line,. RB reducing balance). Also please indicate the rate of depreciation.. for straight line, whal is the anlicipaled life of Ihe asset (in years),. for reducing balance, what is the percentage annual deduction. CC17a (Excell 10 3010412025 Section C Notes to the accounts (cont) Note 10 Investment assets Please complete this note if the charity has any investment assets. 10.1 Flxed assets Investments Carrying (market) value at beginning of year Add: additions to investments at cost Less: disposals al carrying value Addl(deduct): net gainllloss) on revaluation Carrying (market) value at ond of year Please provide below." 10.2 A breakdown of the market values of Investments shown above agreelng wlth the balance sheet row BO3. 10.3 A breakdown of the Income from Investments agreelng wlth SOFA row SO3. Analysls of Investments 10.2 Market value at year end 10,3 Income from Investmonts for the year Investment propertles Investments Ilsted on a recognlsed Stock exchange or held In common Investment funds, open ended Investment companles, unlt trusts or other collectlve Investment Schemes Investments In sub8ldiary or connected und8rtaklngs and companles Securltles not listed on a recognlsed Stock Exchange Cash held as part ol the Investment portfollo other Investments Total 10.4 Materlal Investment holdlngs If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity's total investments) please provide details. Investment held Market Value CC17a {Excel) 3010412025 Section C Notes to the accounts (contl Note 11 Debtors and prepayments Please complete this note if the charity has any debtors or ments. Amounts falling due within one year This year Last year Analysls of debtors Amounts falling due after more than onè year This year Last year Trade debtors Amounts due from subsldlary and assoclated undertaklngs Other debtors 11,030 7,627 Prepaymenls and accrued Income Total Note 12 Creditors and accruals Please complete this note If the charlty has any creditors or accruals. 12.1 Analysis of creditors Amounts falling due wlthln one year This year Last year Amounts falllng due after more than one year Thls year Last year Loans and owrdrafts Trade credltors Amounts due to subsldlary and assoclated undertaklngs Other credltors 7,796 1,850 Accruals and defèrred In¢ome 1,750 Total 12.2 Securlty over assets If any loan. overdraft or other creditor holds a charge or other security over any assets of the charlty please provide details. CC17a (Excel) 12 3010412025 Section C Notes to the accounts (cont) Note 13 Endowment and restricted income funds Please complete this section if the charity has any endowment or restricted Income funds. 13.1 Funds held Please give a brief description of any of the following type of funds held by the charity: permanent endowment funds (PE); expendablè endowment funds IEE),. and restrlcled Incomè funds, Includlng speclal trusts, of the charity (R). Type PE, EE orR Purpose and Rèstrlcllons Fund Name 13.2 Movements of major funds Please give details of the movements of the major funds summarlsed In the restricted and endowment columns of the Statement of Flnanclal Actlvltles. Fund balances brought forward Fund balances carrled forward Incomlng resources Outgolng resources Galns and losses Transfers Fund names Total Funds 13.3 Transfers between funds Please give details of any transfers between funds. From Fund (Name) To Fund {Namel Reason Amount CC17a {Excel) 13 3010412025 Section C Notes to the accounts {cont) Note 14 Transactions with related parties If the charity has any transactions with related partles (other than the trustee expenses explained In note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter "None" In the relevant boxes. 14.1 Remuneration and beneflts Please give the amount of, and legal authority for, any remuneratlon or other benefits pald to a trustee or other related parties by the charlty or any Institution or company connected wlth It. Name of trustee or connected party Legal authorlty (eg order, governlng document) Amounts pald or benefit value Thls year Last year 14.2 Loans Please glve detalls of and amounts owlng to or from the charity's trustees or other related partles by the charlty at the year end. Name of trustee or connected party Amount owing Thls year Last year Legal authorlty Due to trustees and related partigs Due from trustees and related parties 14.3 Other transactlon(s) wlth trustees or related partles Please give details of any transactlon undertaken by (or on behalf 09 the charlty In which a trustee or related party has a materlal Interest. Name of the trustee or related party Relationship to charity Description of the transaction{s) This year Last year CC17a (Excel} 14 3010412025 Section C Notes to the accounts (cont) Note 15 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there Is Insufflcient room hereg please add a separate sheet. Note 9 Freehold Land and Buildings.. The figure of £1,442 represents the legal fees for a property acquired from a Community Interest Company at no cost. CC17a (Excel) 3010412025