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2023-03-31-accounts

Registered number: 03951096 Charity number: 1084634

Lifeline Community Projects (A company limited by guarantee)

Trustees' report and financial statements For the year ended 31 March 2023

Lifeline Community Projects (A company limited by guarantee)

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 10
Independent auditor's report on the financial statements 11 - 14
Consolidated statement of financial activities 15
Consolidated balance sheet 16
Charity balance sheet 17 - 18
Consolidated statement of cash flows 19
Notes to the financial statements 20 - 41

Lifeline Community Projects

(A company limited by guarantee)

Reference and administrative details of the Charity, its Trustees and advisers For the year ended 31 March 2023

Trustees Mr P Akerman
Mr N Jaques
Mr J Singleton
Ms A McIntyre (resigned 6 May 2022)
Mr T King
Mr H Yung (appointed 1 September 2022)
Company registered
number
03951096
Charity registered
number
1084634
Registered office
Lifeline House
25 Neville Road
Dagenham
Essex
RM8 3QS
Independent auditor
Kreston Reeves LLP
Chartered Accountants
Statutory Auditor
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Bankers
CAF Limited
PO Box 289
West Malling
Kent
ME19 4TA
NatWest
Ground Floor
Gredley House
1 - 11 Broadway
London
E15 4BQ
Metro Bank
1 Southampton Row
London
WC1B 5HA

Page 1

Lifeline Community Projects

(A company limited by guarantee)

Trustees' report For the year ended 31 March 2023

The Trustees present their annual report together with the audited financial statements of Charity (the "charity") for the year ended 31 March 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Charity qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The Charity's objects are:

ii. The advancement of education principally through the provision of nursery facilities, English language teaching for those for whom English is not a first language, marriage and parenting courses and personal and social development education for young persons;

iii. To relieve persons in need, hardship or distress including through the provision of material assistance, advice and advocacy, and training for those in need of such assistance

iiii. To advance the Christian faith (though not by limitation) through the provision of counselling and training with the aim of maintaining and promoting marriage and parenting values;

iiv. To promote charitable purposes for the benefit of the public in the following ways:

a. The preservation and protection of health;

b. The provision of facilities for recreation or other leisure time occupation in the interest of social welfare for persons who have need of such facilities by reason of their youth, age infirmity or disablement, poverty or social and economic circumstance with the object of improving the conditions of life for such persons; and c. The provision of training with the object of relieving unemployment.

The Trustees have designated funds from reserves to ensure the charity can achieve its objectives on a sustainable basis. Details of reserves set aside can be seen in note 21 of the accounts.

The policies adopted in furtherance of these objects are to raise funds and receive contributions, to borrow money, to purchase, lease, exchange or otherwise acquire any land, buildings, to hold property as tenants, to make donations, to make grants, to invest the monies of the Charity, to establish subsidiary companies to act as agents, to promote or carry out research and publish the results of it in furthering the objects. There has been no change in these during the year.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

Nurseries - Little Learners

This year the division opened its 3rd setting in December 2022 after completing the renovation of the site that began in July 2022. The waiting list built up prior to launch ensured by the end of the financial year it achieved 70% FTE occupancy and exceeded our budgeted income projections.

Little Learners Elm Park Nursery continues to excel with average FTE occupancy of 99.7%. The Team continues to grow and develop through ongoing training and adopting good practices issued by Havering and early years advisors Parent partnership continues to be a priority of our childcare provision which is reflected in a 10 rating on the day nurseries website for the area.

Page 2

Lifeline Community Projects

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Objectives and activities (continued)

Little Learners Ilford is a leasehold setting and this financial year the settings average FTE occupancy reached a high of 67.8%, the plan was to renegotiate a new 10-year lease from February 2024 however on the 1st November 22 following storm Claudio the cladding from the tower block above the nursery fell into the outside play area. The nursery was forced to close outdoor space and review its position with the landlord as the building not being fit for purpose.

The division has faced the challenge of recruitment given the sector’s national recruitment crisis for Early years provision. To confront this obstacle the team upgraded its pay scale and improved systems to help employees progress through their career.

Finally bolstered by the success of Ambleside setting we applied for an expansion loan £672,000 from Barclays bank in Mar 22 to pursue the purchase of a 4th setting. The loan is secured on Little Learners Elm Park & Ambleside fixed assets.

Young People’s Services

This continues to be a key part of our mission. Working with young people that are on the edge of poor mental health (SW!TCH Minds) or serious youth violence (SW!TCH Lives) and supporting their parents and residents in the communities they reside (SW!TCH Communities). We continue to support young people across the equivalent of 44 schools over 5 boroughs employing 3 managers, 2 Senior Youth Development Workers, 10 Youth Development Workers,

Challenges around young people’s mental health remain high post Covid, and the severity of mental health challenges faced by young people referred to the programme increased significantly.

SWITCH Futures

This initiative supports young people at risk of serious youth violence or criminal exploitation and those on the edge of poor mental health through our award- winning VIP mentoring programme, positive weekly activities, school holiday activity days and residentials and the SW!TCH Ambassador leadership programme. We have had funding from 5 different funds to work in 30 schools across Barking and Dagenham, Redbridge, Havering. We have seen an increase in demand for supporting young people with ill mental health as well as an increase in incidents of violence after Covid measures have eased further and schools aim to return to normal.

Due to the success of the programme we were able to secure additional funding to work in an additional 14 schools from March 2023, including broadening our delivery out to Newham and Tower Hamlets.

We have also supported 38 local organisations to embed the Mentoring Quality Framework (MQF) through our partner Streetgames. The MQF has been developed by the Mayor’s Office and Lifeline has contributed to the development of the framework.

SW!TCH Ambassadors

We were able to deliver our 3-day Ambassador training residential during the summer holidays, training 17 Ambassadors. These young people have helped to review and develop services, support and plan activities and represent LifeLine to partners and funders.

SW!TCH Communities

Staff continue to deliver up to 21 positive activities a week. We coordinated delivery with local authorities to focus on ‘areas of concern’ for our detached work and engaged positively with the young people. This work has contributed to our knowledge of local issues and given us key information to share with the Community Safety Teams and the police in relation to local incidents and threats. In collaboration with Adult Services, we have delivered outreach and positive activity programmes on two high violence estates for London Borough of Barking and Dagenham and Redbridge as part of the funding from the VRU to deliver capacity building programmes.

Page 3

Lifeline Community Projects (A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Objectives and activities (continued)

SW!TCH Training

We have successfully partnered with London Youth to deliver a support programme for organisations across London to implement the Mentoring Quality Framework. This program is funded by the Mayor of London and Lifeline, as experts in Mentoring, have developed and are delivering training for organisations across London on the Mentoring Quality Framework. The aim is to reach 300 organization through training and some 1:1 support across a two year period.

Adult Services

This is a new division set up in response to the growing need of our services to support the parents of the children young people we work with whilst also providing broader support.

SW!TCH Lives

Lifeline received new funding to work with Havering Probation and Youth Justice Service (YJS) to provide mentoring services on an ongoing basis to young people already engaged with the justice system. Probation, YJS and other relevant departments with Havering Council can refer clients to Lifeline to work with throughout the year, or as long as it takes for the probation worker to feel they have benefited from mentoring and are better equipped to resist crime and gang violence in the future. This is a three-year programme with the option to extend to five years, and involves LLP imbedding senior youth workers within probation and YJS offices two days per week where they have formed a close working relationship with probation and youth justice workers. During the year we met or exceeded all targets, which meant conducting 495 mentoring sessions, and out of the 40 young people we worked with, 39 had no new convictions, 10 remained in education, and 5 entered into employment.

Parent Career Champions Network

Funded through London’s VRU (Violence Reduction Unit) via LB Barking and Dagenham, LB Redbridge and LB Havering, this programme received its third phase of funding allowing us to continue to support parents.

In the period June 2002 to March 2023, the project worked with 75 parents and careers in each borough. All were trained as Parent Champions with the aim of creating a series of long-lasting networks of connected parents who could support challenges as they arose. Parent Champions provided support on issues such as serious youth violence, family matters and sourcing work experience opportunities. Regular training workshops were delivered to parents and carers via weekly coffee mornings. Training included How to Prepare for Secondary School, Online Safety, Online Gaming and How to Support Children with SEND and how identify support available to them in the local borough and schools. Some parents successfully gained employment as a result of this project.

SW!TCH Communities

LifeLine was re-commissioned by LB Barking and Dagenham, LB Redbridge and LB Havering with funding from the VRU to deliver a third phase of capacity building programmes.

In LB Barking and Dagenham and LB Redbridge, positive activities and 30 hours of outreach was delivered to young people weekly via Young People’s Services, reaching over 1000 people in total in each borough. We coordinated our delivery to focus on ‘areas of concern’ for our detached outreach work and engaged positively with the young people as well as members of the community generally. This work has contributed to our knowledge of local issues and gave us key information that was shared with Community Safety Teams and the police in relation to local incidents and threats.

As a result of the success of our work, both boroughs identified new hotspots in each borough so our work could continue, and this work has been recommissioned for another year.

A Rapid response group were set up in LB Redbridge that included members of the local community e.g. shop keepers, local residents and community centre staff. Information about youth violence was disseminated and enabled the project to gather information from the local community to feedback to the borough. In LB Havering, the rapid response group met fortnightly. As well as members of the local community, professionals from the Head Teachers Association, the Police and Youth Services attended the meeting.

Page 4

Lifeline Community Projects (A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Objectives and activities (continued)

Six training sessions were delivered in each borough to adults on issues relating to serious youth violence and community integration. We engaged with Street Doctors who provided members of the community with training on issues such as How to Stop a Knife Bleed, How to Respond to a Knife Crime Incident, and the Consequences of Knife Crime.

Healthwatch

The team continued to receive positive feedback at monitoring reviews.

Update on Projects:

Review of GP websites: NHS NEL have welcomed our report and PCN leads are using the report as part of their Primary Care review.

Maternity Choices Week: A report was produced and shared with LMNS. A thank you has been received from the lead officer about our impact and reach.

BHRUT Engagement Project: A project plan has been devised to support the hospital trust in speaking to patients on adult inpatient wards. We are leading on behalf of the BHR patch.

Enter and view Visit: HWBD team utilised Enter and View powers to undertake an unannounced visit. A report has been sent to the care home and we are currently waiting for a response.

EHCP Project: The aim of the project is to look at the effectiveness of the EHCP.

FaithAction

Health & Well-Being Alliance (DHSC, NHS)

The FaithAction team have continued this year to get the highest rating (Green) at the quarterly monitoring. The areas of work have changed slightly coming into this new year April 2023, there was a growing interest in suicide prevention. The work on developing partnerships in the health system, concluded with a report Challenge, innovation, friendship. Exploring health and VCFSE partnerships between 2020-2022: What we’ve learned and where we go next. There areas of work are now;

  1. BAME maternity outcomes and faith – producing a toolkit and a parliamentary event with the APPG. Our policy lead has confirm the that this should be co-badged with the NHS

  2. We continue with our work around faith and social prescribing, which a specific project in Tower Hamlets

  3. We start a new programme looking at faith and suicide prevention

This year has seen a significant number of round tables, the seeking of case studies and the close work with policy leads in both DHSC and the NHS England around areas 1 and 2. There was a further publication Inclusive social prescribing. Learning from engagement with grassroots VCFSE organisations related to social prescribing. The alliance remains our primary relationship into Whitehall and is a significant role for FaithAction as the go to organisation on faith and health.

Birmingham City Council Creative English for Health

After a successful pilot year of delivery in Birmingham of the Creative English and health, this work has been recommissioned for 23-24. The initial course focused on health literacy and immunisation the new programme will be more targeted on cardio health. Hubs have been established across 10 locations in Birmingham, to reach a wide community.

There is interest in this programme from a number of local authorities and health areas, which has been supported by one of the external evaluations we commissioned this year.

Hong Kong – Creative English

The Café Connect programme was extended to last until March 2023. This programme was in 3 locations in each region, London, West Midlands and Yorkshire.

Page 5

Lifeline Community Projects (A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Objectives and activities (continued)

The team won some bridging funding in Yorkshire for April to July. While we awaited the result of the new tender. In June we heard we had won 3 areas, London, Yorkshire and east of England.

The Café Connect programme was features in a film by migration Yorkshire. The programme continues to be developed as there is growing interest in the approach which seeks to bring settled communities and migrants together in a genuine fashion.

THIFF – Tower Hamlets Interfaith Forum

THIFF has undergone a key change this year with the founding Chair retiring and moving away. This has been a challenge for the secretariat role as the responsibilities have been split and an interim chair is in place. Navigating this change is a key skill for FaithAction to grow in and there are several new steering group members coming online.

FHAP & CHAP

The Faith health action partnership and Churches health action partnership, have taken place in this time. These were both programmes commissioned by public health in Tower Hamlets, where FaithAction supported faith based organisations or places of worship to have a small health project to reach their immediate community. Blood pressure checks, exercised programmes and well-being projects took place across faith in Tower Hamlets.

The APPG & Faith New Deal projects

FaithAction has been part of a number of re-signing faith covenant events in Southampton and Birmingham, and a new covenant was signed in Coventry. This brings the total to 25.

FaithAction also sub-contracted some work in Southampton and in the East of England to support the faith new deal programmes in those areas.

September kicked off with the first every Faith In Partnership week, where the APPG paper, Keeping the faith 2.0 was launched with an event with the Faith Minister Paul Scully MP.

There continues to be a demand for FaithAction to speak at events in relation to the adoption of the faith covenant. Some of these events are online but many are in person. Examples of areas engaging in this way, Kendal and West Moreland, West Midlands combined authority, Coventry, Birmingham, Southampton, Hertfordshire. This is in addition to the Faith Covenant Forum, which continues to be a welcome event.

Achievements and performance

a. Main achievements of the Charity

Details of the key achievements of the charity during the year can be summarised as:

Page 6

Lifeline Community Projects

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Achievements and performance (continued)

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Financial review and reserves policy

Results for the year ended 31 March 2023 are given in the Consolidated Statement of Financial Activities. The assets and liabilities are given in the Consolidated Balance Sheet. The financial statements should be read in conjunction with the related notes.

In summary, income amounted to £2,618,283 and expenditure to £2,694,640. There is a resulting net deficit for the year of £76,357 and this was due to the Little Learners Ambleside property development costs £305,014. As at 31 March 2023, the total net reserves of the company stood at £1,638,707 of which £1,069,714 is held in designated funds, £372,726 in restricted funds and £196,267 is held in general reserves.

The policy of the Charity is to maintain a free reserves (including both general and designated reserves) level to cover three months of its annual operating costs, and is set at £435,255.

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained and used to meet its other strategic priorities.

The unrestricted funds include the free reserves held by the Charity (see note 21). The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised.

The Trustees have assessed the major risks to which the Charitable Group is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The major risk identified is potential fall in income.

Structure, governance and management

a. Constitution

Lifeline Community Projects is registered as a charitable company limited by guarantee, incorporated on 20 March 2000. The Charitable Company was established under a Memorandum of Association which established the objects and powers of the Charity and is governed under its Articles of Association. The Charitable Group is made up of the Charity, Lifeline Community Projects, and one subsidiary, Lifeline Enterprises Limited. Note 30 provides more detail about these subsidiaries.

Page 7

Lifeline Community Projects

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Structure, governance and management (continued)

Mr H Yung (appointed 1st September 2022)

The principal oversight role of the Trustees (who are also the legal directors of the Company) is to ensure good governance of the organisation. They carry out regular scanning of Lifeline's operating business environment and take account of the financial and business implications of the decisions they make. The Trustees met on a quarterly basis to review finance and key management decisions.

We audit the composition of our Trustee Board on a regular basis to identify any skills gaps. Where new Trustee(s) need to be recruited, we advertise the roles, conduct interviews and then appoint. We also arrange training for the Trustee Board to address results from the skills audit. Inductions are organised to bring together new and existing Board Members.

b. Methods of appointment or election of Trustees

The management of the Group and the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Financial risk management

The Trustees have assessed the major risks to which the Group and the Charity are exposed, in particular those related to the operations and finances of the Group and the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

Our plans for the next three years are to:

Page 8

Lifeline Community Projects (A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Relationships with related parties

Lifeline Community Church, Lifeline Network International and Community Resources for Change are closely linked to Lifeline Community Projects. However, each organisation is a separately registered charity with distinct charitable objectives.

Related party transactions are disclosed in note 29 to the accounts.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Page 9

Lifeline Community Projects

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 March 2023

Auditor

The auditor, Kreston Reeves LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Mr H Yung Trustee Date: 19 December 2023

Page 10

Lifeline Community Projects

(A company limited by guarantee)

Independent auditor's report to the Members of Lifeline Community Projects

Opinion

We have audited the of Lifeline Community Projects (the 'parent charitable company') and its subsidiary (the 'group') for the year ended 31 March 2023 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements :

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 11

Lifeline Community Projects (A company limited by guarantee)

Independent auditor's report to the Members of Lifeline Community Projects (continued)

Other information

The other information comprises the information included in the Annual report other than the and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 12

Lifeline Community Projects (A company limited by guarantee)

Independent auditor's report to the Members of Lifeline Community Projects (continued)

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the Charity and the sector, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to child protection and safeguarding, health and safety and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, and Statement of Recommended Practice. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure, management bias in accounting estimates and judgemental areas of the financial statements such as the valuation of land and buildings and revenue and non-compliance with financial management and governance requirements which are consistent with the obligations of public funded bodies. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the , as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 13

Lifeline Community Projects

(A company limited by guarantee)

Independent auditor's report to the Members of Lifeline Community Projects (continued)

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Susan Robinson BA FCA FCIE DChA (Senior statutory auditor)

Kreston Reeves LLP

Chartered Accountants Statutory Auditor Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU

19 December 2023

Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 14

Lifeline Community Projects

(A company limited by guarantee)

Consolidated Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2023

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
6
Other income
7
Total income
Expenditure on:
Charitable activities
8,10
Other expenditure
9
Total expenditure
Net (expenditure)/income
Transfers between funds
21
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Other losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
-
991,405
7,306
16,071
1,014,782
1,175,775
-
1,175,775
(160,993)
449,790
288,797
-
288,797
977,184
288,797
1,265,981		 Restricted
funds
2023
£
1,589,796
13,705
-
-
1,603,501
1,518,865
-
1,518,865
84,636
(449,790)
(365,154)
-
(365,154)
737,880
(365,154)
372,726		 Total
funds
2023
£
1,589,796
1,005,110
7,306
16,071
2,618,283
2,694,640
-
2,694,640
(76,357)
-
(76,357)
-
(76,357)
1,715,064
(76,357)
1,638,707		 Total
funds
2022
£
1,436,700
831,140
47,362
182,140
2,497,342
2,059,641
1,914,000
3,973,641
(1,476,299)
-
(1,476,299)
(243,573)
(1,719,872)
3,434,936
(1,719,872)
1,715,064

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 20 to 41 form part of these financial statements.

Page 15

Lifeline Community Projects

(A company limited by guarantee) Registered number: 03951096

Consolidated balance sheet As at 31 March 2023

Note
Fixed assets
Tangible assets
15
Current assets
Debtors
17
Investments
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
20
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 108,703
660,000
879,329
1,648,032
(434,632)		 2023
£
1,069,714
1,213,400
2,283,114
(644,407)
1,638,707
372,726
1,265,981
1,638,707		 208,880
-
1,208,707
1,417,587
(565,200)		 2022
£
862,677
852,387
1,715,064
-
1,715,064
737,880
977,184
1,715,064

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 19 December 2023 and signed on their behalf by:

Mr H Yung Trustee

The notes on pages 20 to 41 form part of these financial statements.

Page 16

Lifeline Community Projects (A company limited by guarantee) Registered number: 03951096

Charity balance sheet As at 31 March 2023

Note
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
17
Investments
18
Cash at bank and in hand
Creditors: amounts falling due within one
year
19
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
20
Total net assets
Charity funds
Restricted funds
21
Unrestricted funds
21
Total funds		 151,589
660,000
835,238
1,646,827
(433,322)		 2023
£
1,069,714
1
1,069,715
1,213,505
2,283,220
(644,407)
1,638,813
822,516
816,297
1,638,813		 251,859
-
1,162,523
1,414,382
(563,890)		 2022
£
862,677
1
862,678
850,492
1,713,170
-
1,713,170
737,880
975,290
1,713,170

Page 17

Lifeline Community Projects

(A company limited by guarantee) Registered number: 03951096

Charity balance sheet (continued) As at 31 March 2023

The Charity's net movement in funds for the year was £(74,357) (2022 - £(1,501,921)).

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 19 December 2023 and signed on their behalf by:

Mr H Yung

Trustee

The notes on pages 20 to 41 form part of these financial statements.

Page 18

Lifeline Community Projects

(A company limited by guarantee)

Consolidated statement of cash flows For the year ended 31 March 2023

Cash flows from operating activities
Net cash used in operating activities (note 24)
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Cash flows from financing activities
New borrowings
Repayments of borrowing
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year (note 25)		 2023
£
(124,589)
7,306
(214,378)
(207,072)
664,024
(1,741)
662,283
330,622
1,208,707
1,539,329		 2022
£
(652,720)
47,362
(998)
46,364
-
-
-
(606,356)
1,815,063
1,208,707

The notes on pages 20 to 41 form part of these financial statements

Page 19

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

1. General information

Lifeline Community Projects is a private company limited by guarantee incorporated in England and Wales. The objectives of the Charity are as set out in the Trustees Report. The registered office is Lifeline House, 25 Neville Road, Dagenham, Essex, RM8 3QS.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Lifeline Community Projects meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, which is the functional currency of the Charitable Group. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Group and its two wholly owned subsidiary undertaking, Lifeline Enterprises Limited and Valence Group Limited. The results of the subsidiary are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

2.2 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Page 20

Lifeline Community Projects

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Cash donations are recognised on receipt. Other donations are recognised once the charitable group has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Sales within charitable activities includes fees receivable for the provision of nursery care. Income from trading activities includes income from the Community Connect Project, income is received in exchange for services and is recognised when entitlement has occurred.

Investment income includes rent receivable under operating leases and bank interest. Other income includes intercompany service charges made to associated charities.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office, finance and governance costs which support the Charitable Group's activities. These costs have been allocated between the various charitable activities as set out in a note to the accounts.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the Charitable Group.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about wither the timing of the grant or the amount of grant payable.

All expenditure is inclusive of irrecoverable VAT.

Page 21

Lifeline Community Projects

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

2. Accounting policies (continued)

2.5 Government grants

Government grants are credited to the Consolidated statement of financial activities as the related expenditure is incurred.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.8 Intangible assets and amortisation

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill shall be considered to have a finite useful life, and shall be amortised on a systematic basis over its life.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset over their estimated useful lives, on the following bases:

Goodwill on acquisition of - % 3 years
nurseries
Goodwill on acquisition of share - % 10 years
capital in subsidiaries

2.9 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 22

Lifeline Community Projects

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

2. Accounting policies (continued)

2.9 Tangible fixed assets and depreciation (continued)

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on the following bases:

Freehold property - no depreciation
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Consolidated statement of financial activities.

Where grant funding is received to purchase plant and equipment as a requirement for the delivery of a specific project, the cost is written off in the year of purchase.

Expenditure on leasehold properties is depreciated over the length of the least remaining or in full in the year of expense, subject to the discretion of the Senior Management Team.

2.10 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

Investment properties, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value oat the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

2.11 Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

2.12 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 23

Lifeline Community Projects

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

2. Accounting policies (continued)

2.13 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.14 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.15 Operating leases

Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight line basis over the lease term.

2.16 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.17 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 24

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4. Income from donations and legacies

Unrestricted
funds
2023
£
Grants
ESF - Create Your Futures
-
Faith Action
-
Young People
-
Total Grants
-
Donations
-
Total 2022
50,965		 Restricted
funds
2023
£
256,592
725,341
607,863
1,589,796
-
1,385,735		 Total
funds
2023
£
256,592
725,341
607,863
1,589,796
-
1,436,700		 Total
funds
2022
£
19,236
491,286
875,213
1,385,735
50,965

5. Income from charitable activities

Unrestricted
funds
2023
£
Faith Action
1,162
Families
974,883
Young People
15,360
991,405
Total 2022
831,140		 Restricted
funds
2023
£
13,705
-
-
13,705
-		 Total
funds
2023
£
14,867
974,883
15,360
1,005,110
831,140		 Total
funds
2022
£
8,420
807,035
15,685
831,140

Page 25

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

6. Investment income

Rental income
Interest receivable
Total 2022
Other income

Other income
Service charges to related charitable companies
Profit on Sale of property
Total 2022		 Unrestricted
funds
2023
£
-
7,306
7,306
47,362
Unrestricted
funds
2023
£
1,350
14,721
-
16,071
182,140		 Total
funds
2023
£
-
7,306
7,306
47,362
Total
funds
2023
£
1,350
14,721
-
16,071
182,140		 Total
funds
2022
£
43,516
3,846
47,362
Total
funds
2022
£
3,150
13,990
165,000
182,140

7. Other income

8. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Charitable activities
1,175,775
Total 2022
834,381		 Restricted
funds
2023
£
1,518,865
1,225,260		 Total
2023
£
2,694,640
2,059,641		 Total
2022
£
2,059,641

Page 26

Lifeline Community Projects

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

9. Other expenditure

Donation to Lifeline Church
Total 2022
Analysis of expenditure by activities
Charitable activities
Total 2022
Analysis of direct costs
Staff costs
Depreciation
Travel and subsistence
Partnership costs and programme delivery
Other project costs
Communication, marketing and administration
Beneficiary costs
Property costs		 Unrestricted
funds
2023
£
-
1,914,000
Direct
costs
2023
Support
costs
2023
£
£
2,183,194
511,446
1,677,697
381,944		 Total
funds
2023
£
-
1,914,000
Total
funds
2023
£
2,694,640
2,059,641
Total
funds
2023
£
1,429,363
1,182
13,641
266,488
172,506
37,131
35,480
227,403
2,183,194		 Total
funds
2022
£
1,914,000
Total
funds
2022
£
2,059,641
Total
funds
2022
£
1,303,329
-
5,179
59,213
109,272
20,663
24,466
155,575
1,677,697

10. Analysis of expenditure by activities

Page 27

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

10. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Property and insurance
I.T. costs
Communication
Travel and subsistence
Governance costs
11.
Auditor's remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts		 Total
funds
2023
£
283,003
6,159
-
71,359
134,912
4,529
11,484
511,446
2023
£
11,208		 Total
funds
2022
£
182,212
-
15,839
62,280
105,903
2,007
13,703
381,944
2022
£
12,193

Page 28

Lifeline Community Projects

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

12. Staff costs

Wages and salaries
Social security costs
Pension costs		 Group
2023
£
1,568,151
118,039
26,176
1,712,366		 Group
2022
£
1,367,113
96,531
21,897
1,485,541		 Charity
2023
£
1,568,151
118,039
26,176
1,712,366		 Charity
2022
£
1,367,113
96,531
21,897
1,485,541

The average number of persons employed by the Charity during the year was as follows:

Group Group Charity Charity
2023 2022 2023 2022
No. No. No. No.
. 77 71 77 71

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2023 2022
No. No.
In the band £70,001 - £80,000 2 -

The total remuneration, benefits and pensions paid in respect of the key management personnel in the year was £304,269 (2022: £198,422).

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 29

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

Notes to the financial statements
For the year ended 31 March 2023
14.
Intangible assets
Charity
Cost
At 1 April 2022
At 31 March 2023
Amortisation
At 1 April 2022
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
Charity
Cost
At 1 April 2022
At 31 March 2023
Amortisation
At 1 April 2022
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Goodwill
£
90,000
90,000
90,000
90,000
-
-
Goodwill
£
90,000
90,000
90,000
90,000
-
-

Page 30

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

15. Tangible fixed assets

Group and Charity

Cost or valuation
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Freehold
property
£
1,038,870
191,235
1,230,105
176,193
1,182
177,375
1,052,730
862,677		 Plant and
machinery
£
237,767
4,478
242,245
237,767
1,493
239,260
2,985
-		 Fixtures and
fittings
£
163,794
18,665
182,459
163,794
4,666
168,460
13,999
-		 Total
£
1,440,431
214,378
1,654,809
577,754
7,341
585,095
1,069,714
862,677

Page 31

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

16. Fixed asset investments

Charity
Cost or valuation
At 1 April 2022
At 31 March 2023
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Investments
in
subsidiary
companies
£
1
1
-
1
1

Other investments comprise of investments in subsidiaries (see note 30).

17. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
Tax recoverable
18.
Current asset investments
COIF Charities Deposit Fund		 Group
2023
£
57,772
-
1,533
48,978
420
108,703
Group
2023
£
660,000		 Group
2022
£
149,331
-
17,480
42,069
-
208,880
Group
2022
£
-		 Charity
2023
£
57,772
43,306
1,533
48,978
-
151,589
Charity
2023
£
660,000		 Charity
2022
£
149,331
42,979
17,480
42,069
-
251,859
Charity
2022
£
-

Page 32

Lifeline Community Projects

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

19. Creditors: Amounts falling due within one year

Group
2023
£
Bank loans
17,877
Trade creditors
80,239
Other taxation and social security
29,155
Other creditors
50,930
Accruals and deferred income
256,431
434,632
Group
2023
£
Deferred income at 1 April 2022
198,862
Resources deferred during the year
210,784
Amounts released from previous periods
(198,862)
210,784
20.
Creditors: Amounts falling due after more than one year
Group
2023
£
Bank loans
644,407		 Group
2022
£
-
223,044
27,945
51,827
262,384
565,200
Group
2022
£
284,275
198,862
(284,275)
198,862
Group
2022
£
-		 Charity
2023
£
17,877
80,239
29,155
50,930
255,121
433,322
Charity
2023
£
198,862
210,784
(198,862)
210,784
Charity
2023
£
644,407		 Charity
2022
£
-
223,044
27,945
51,827
261,074
563,890
Charity
2022
£
284,275
198,862
(284,275)
198,862
Charity
2022
£
-

Page 33

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

21. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Property fund
General funds
General funds
Total Unrestricted funds
Restricted funds
Department of Health - Faith
Action
ESF - Create your Futures
Young People
Total of funds		 Balance at 1
April 2022
£
862,677
114,507
977,184
495,244
-
242,636
737,880
1,715,064		 Income
£
-
1,014,782
1,014,782
739,046
256,592
607,863
1,603,501
2,618,283		 Expenditure
£
(7,341)
(1,168,434)
(1,175,775)
(639,602)
(235,723)
(643,540)
(1,518,865)
(2,694,640)		 Transfers
in/out
£
214,378
235,412
449,790
(337,676)
-
(112,114)
(449,790)
-		 Balance at
31 March
2023
£
1,069,714
196,267
1,265,981
257,012
20,869
94,845
372,726
1,638,707

During the year it was identified that there had been an historical underallocation of expenditure against the Charity's restricted funds. To ensure that the funds carried forward, as at 31 March 2023, are free from material misstatement, the decision was made to put through transfers against both the Department of Health - Faith Action and Young People restricted funds this year.

Page 34

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

21. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
New nursery
development
Nursery
dilapidations
New community
development
centre
Property fund
General funds
General funds
Total
Unrestricted
funds
Restricted
funds
Department of
Health - Faith
Action
ESF - Create
your Futures
Young People
Total of funds		 Balance at
1 April 2021
£
140,000
30,000
360,738
1,855,679
2,386,417
410,250
2,796,667
449,884
31,334
157,051
638,269
3,434,936		 Income
£
-
-
-
-
-
1,111,607
1,111,607
491,286
19,236
875,213
1,385,735
2,497,342		 Expenditure
£
-
-
-
-
-
(2,748,381)
(2,748,381)
(385,062)
(50,570)
(789,628)
(1,225,260)
(3,973,641)		 Transfers
in/out
£
(140,000)
(30,000)
(360,738)
(993,002)
(1,523,740)
1,584,604
60,864
(60,864)
-
-
(60,864)
-		 Gains/
(Losses)
£
-
-
-
-
-
(243,573)
(243,573)
-
-
-
-
(243,573)		 Balance at
31 March
2022
£
-
-
-
862,677
862,677
114,507
977,184
495,244
-
242,636
737,880
1,715,064

Page 35

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

Designated funds

Property fund - This fund reflects the net book value of the Group's freehold properties at the Balance Sheet date.

Restricted funds

Department of Health Faith Action - To disseminate information about health and social care from Government to grassroots voluntary sector organisation and to represent the voice of those organisations in health and care policy making.

ESF Create Your Futures - LifeLine Community Projects holds a sub-contract with Community Links to deliver the Create Your Future programme. The programme targets long-tern unemployed and economically inactive BAME women facing barriers which are shown to be the most challenging in terms of employment.

Young People - This initiative supports young people at risk of serious youth violence or criminal exploitation through our award-winning VIP mentoring programme, positive weekly activities, school holiday activity days and residentials and the SW!TCH Ambassador leadership programme. We have funding from 4 different funders to work in 24 schools across Tower Hamlets, Barking and Dagenham, Redbridge, Havering and Thurrock. School recruitment was delayed due to the national lockdown but staff were deployed with community referrals, positive activities and detached work.

22. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Designated funds
General funds
Restricted funds		 Balance at 1
April 2022
£
862,677
114,507
737,880
1,715,064
Income
£
-
1,111,607
1,385,735
2,497,342		 Income
£
-
1,014,782
1,603,501
2,618,283
Expenditure
£
-
(2,748,381)
(1,225,260)
(3,973,641)		 Expenditure
£
(7,341)
(1,168,434)
(1,518,865)
(2,694,640)
Transfers
in/out
£
(1,523,740)
1,584,604
(60,864)
-		 Transfers
in/out
£
214,378
235,412
(449,790)
-
Gains/
(Losses)
£
-
(243,573)
-
(243,573)		 Balance at
31 March
2023
£
1,069,714
196,267
372,726
1,638,707
Balance at
31 March
2022
£
862,677
114,507
737,880
Summary of funds - prior year
Designated
funds
General funds
Restricted funds		 Balance at
1 April 2021
£
2,386,417
410,250
638,269
3,434,936
1,715,064

Page 36

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

23. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
1,069,714
Current assets
1,120,441
Creditors due within one year
(279,767)
Creditors due in more than one year
(644,407)
Total
1,265,981
Analysis of net assets between funds - prior year
Unrestricted
funds
2022
£
Tangible fixed assets
862,677
Current assets
495,947
Creditors due within one year
(381,440)
Total
977,184		 Restricted
funds
2023
£
-
527,591
(154,865)
-
372,726
Restricted
funds
2022
£
-
921,640
(183,760)
737,880		 Total
funds
2023
£
1,069,714
1,648,032
(434,632)
(644,407)
1,638,707
Total
funds
2022
£
862,677
1,417,587
(565,200)
1,715,064

Page 37

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

24. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Decrease in debtors
Decrease in creditors
Gains/(losses) on investments
Dividends, interests and rents from investments
Loss on disposal of goodwill
Loss on disposal of investment property
Proceeds from sale of investment property
Gain on disposal of investment property
Fixed asset depreciation charge
Net cash used in operating activities
25.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 Group
2023
£
(76,357)
100,177
(148,444)
-
(7,306)
-
-
-
-
7,341
(124,589)
Group
2023
£
1,539,329
1,539,329		 Group
2022
£
(1,476,299
82,882
(67,904)
(243,573)
(47,362)
105,536
794,000
365,000
(165,000)
-
(652,720)
Group
2022
£
1,208,707
1,208,707

Page 38

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

26. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
Short-term deposits		 At 1 April
2022
£
1,208,707
-
-
-
1,208,707		 Cash flows
£
(329,378)
(664,024)
-
660,000
(333,402)		 Other non-
cash
changes
£
-
646,147
(644,407)
-
1,740		 At 31 March
2023
£
879,329
(17,877)
(644,407)
660,000
877,045

27. Pension commitments

The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and an amount of £5,456 (2022 - £4,836) were payable to the fund at the Balance Sheet date and are included in creditors.

28. Operating lease commitments

At 31 March 2023 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2023
£
69,431
5,298
74,729		 Group
2022
£
69,811
71,197
141,008

Page 39

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

29. Related party transactions

During the year the Charity and its Group had the following transactions with Lifeline Church (LC), a charity of which Avril McIntyre (until her resignation on 6th May 2022), and Neil Jaques, trustees, are also Trustees:

During the year the Charity and its Group had the following transactions with Valence Group Limited (VGL), a company of which Avril McIntyre and John Singleton, trustees, are directors:

During the period the Charity and its Group had the following transactions with Lifeline Network International (LNI), a charity of which A McIntyre, trustee, is a trustee, and John Singleton, trustee, is a member of key management:

During the year the Charity and its Group had the following transactions with Community Resources for Change (CRC), a charity of which Avril McIntyre and John Singleton, trustees, are trustees:

Two connected persons to one of the Trustees (J Singleton) received remuneration and expenses during the year as follows:

No other Trustees (or any persons connected with them) received any remuneration, expenses of benefits from the Charitable Group during the year.

Page 40

Lifeline Community Projects (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2023

30. Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal Principal activity
number place of business
Lifeline Enterprises Ltd 05130976 Lifeline House, 25 Neville Road, IT support services
Dagenham, Essex, RM8 3QS
Class of Holding
shares
Ordinary 100%

The financial results of the subsidiary for the year were:

Name Expenditure Deficit for Net
£ the year liabilities
£ £
Lifeline Enterprises Ltd (601) (601) 1,294

The investments in subsidiaries are all stated at cost less impairments.

Page 41