``` REGISTERED COMPANY NUMBER: 04593407 (England and Wales) REGISTERED CHARITY NUMBER: 1103784 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ``` ``` FOR ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ``` Sibbalds Limited Chartered Accountants and Business Advisers Sixth Floor Cavendish Building 1 Agard Street Derby Derbyshire DE1 1DZ ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`** ||**`Page`**| |---|---| |**`Reference and Administrative Details`**|`1`| |**`Report of the Trustees`**|`2 to 4`| |**`Independent Examiner's Report`**|`5`| |**`Statement of Financial Activities`**|`6`| |**`Statement of Financial Position`**|`7 to 8`| |**`Notes to the Financial Statements`**|`9 to 15`| |**`Detailed Statement of Financial Activities`**|`16`| ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025`** ``` TRUSTEESN Huston J P Trigg Ms J Winstanley S M Wood (resigned 24.10.24) REGISTERED OFFICEColony One Silk Street Manchester M4 6LZ REGISTERED COMPANY NUMBER 04593407 (England and Wales) REGISTERED CHARITY NUMBER 1103784 INDEPENDENT EXAMINERSibbalds Limited Chartered Accountants and Business Advisers Sixth Floor Cavendish Building 1 Agard Street Derby Derbyshire DE1 1DZ ``` ``` Page 1 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheyearended31March2025.Thetrusteeshaveadopted the provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ``` The charity'sobjectivesare to helppersonsin need,particularlythe elderly,disabledor unemployed,by providing or assistingintheprovisionofhomeimprovementsandrepairsinorderforsuchpersonstocontinueto live independently in their homes. ``` ``` Fundingis providedby several partnerdonorswho eitherdonateor contractwith us to providethe grantsliaison and allocationtoournationalnetworkofhomeimprovementagencies(HIAs).TheHIAsthenprovidethegrant- funded assistanceto vulnerablepeople in their local area. The services of the Trust are widely advertisedboth withinthe HIAs sector and, where appropriate to members of the public to promote equality of access. ``` ``` Ourmainbeneficiariesaremembersofthepublic,whoreceivefundingfromFoundationsIndependentLiving Trust following a successful grant application. ``` ## **`Public benefit`** ``` We have taken the commission's public benefit guidance into account when making any decision it is relevant to. ``` ## **`ACHIEVEMENTS AND PERFORMANCE`** ``` TheBoardofTrusteescontinuestomeetitstwinobjectivesof(1)improvingthecapabilityandcapacityof Home ImprovementAgenciestodeliverservicesforsomeofthemostvulnerablepeopleinsociety;and(2)to distribute funds that agencies can use to pay for repairs and adaptations in the homes of their clients. ``` ``` OurpartnershipwiththeGasSafeCharityhasnowreacheditstwelfthyear,continuingtoprovidefundingto Home Improvement Agencies for gas safety works in the homes of vulnerable homeowners. ``` ``` FILT continued to support training for the sector, including a range of e-training courses. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` TheTrusteeshaveestablishedapolicywherebytheunrestrictedfundsnotcommittedorinvestedintangible fixed assets,whicharethefreereservesoftheCharity,shouldbebetweenthreeandsixmonthsofgeneral (unrestricted) operatingcosts. The Trustees considerthat this policy providessufficientfunds to cover management,governance and administrationcosts to be able to continuethe activitiesof the Charityin the event of a significantdropin funding, or business interruption. ``` ``` The free reserves of the Charity are as follows: ``` |`administration costs to be able to continue the`
`business interruption.`
`The free reserves of the Charity are as follows:`|`activities of`|`the Charity in`| |---|---|---| ||**`2025`**|**`2024`**| ||**`£`**|**`£`**| |`Unrestricted funds`|`55,236`|`82,476`| ``` The level of reserves is monitored and reviewed quarterly by the Board of Trustees. ``` ## **`Investment policy and objectives`** ``` Apart from retaininga prudentamountin reserves each year, most of the charitablecompany'sfunds are spent in the shortterm,so thereare few fundsavailablefor longterm investment.The Trusteescontinueto reviewthe charitable company's investment policy periodically. ``` ``` Page 2 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`FINANCIAL REVIEW`** ## **`Risk management`** ``` The Board of Trustees, assisted by the ManagementTeam, is responsiblefor the managementof the risks faced by the Trust.Risksareidentified,assessedandcontrolsestablishedthroughouttheyear.Aformalreviewofthe charitable company'sriskmanagementprocessesis undertakenonanannualbasisandtheriskregisteris reviewedby Trustees quarterly. ``` ``` The key controls used by the Charity include: ``` - `Formal agendas for the Board of Trustees;` - `Detailed terms of reference for the Board of Trustees;` - `Comprehensive strategic planning, budgeting and management accounting;` - `Established organisational structure and lines of reporting;` - `Comprehensive policies to ensure that all insurance risks are covered;` - `Formal written policies;` - `Clear authorisation and approval levels;` ``` -VettingproceduresarecarriedoutforadultstosafeguardthereputationoftheTrustandtominimisetherisk of inappropriate persons being involved with the Trust in any way. ``` ``` ThroughtheriskmanagementprocessesestablishedfortheTrust,theTrusteesaresatisfiedthatthemajor risks identifiedhave been adequatelymitigatedwhere necessary.It is recognisedthat systems can onlyprovide reasonable butnotabsoluteassurancethatmajorriskshavebeenadequatelysafeguardedagainstmaterialmismanagement or loss. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` The Trustgoverningdocumentis itsMemorandumandArticlesof Associationincorporatedon18thNovember 2002, as amended on 6th May 2004. ``` ``` TheappointedandelectedTrusteesoftheCharityarelegallyresponsiblefortheoverallmanagementandcontrol of theTrust.Theyensureeffectiveimplementationofpoliciesandapprovalofbudgetsandfinalisationofthe statutory accounts and Trustees report for approval by the Annual Meeting of the Board of Trustees. ``` ## **`Recruitment and appointment of new trustees`** ``` Thecharitablecompany'strusteesareappointedattheAnnualMeetingoftheTrustonthebasisofthe Trust's requirementsconcerningeligibility,competence,skillsandavailability.Followingtheretirementof a previous trustee selective recruitmentof additionalTrustees will be begun this year. All new Trustees are inductedinto the workings of the Charity including policy and operational procedures. ``` ``` All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. ``` ## **`Payment of creditors`** ``` The company's current policy concerning the payment of trade creditors is to: ``` ``` - To agree the terms of payment with suppliers when agreeing the terms of each transaction. ``` ``` - Ensurethatsuppliersareawareofthetermsofpaymentbyinclusionofthetermsincontracts,-Payin accordance with the company's contractual and legal obligations, and/or within 30 days. ``` ## **`Collective Enterprises Ltd`** ``` TheTrusteesaregratefulforthebenefitsinkindaffordedbyCollectiveEnterprisesLtd.Theseareintheform of staffingsupportwhereallcostsarebornebyCollectiveEnterprisesLtd.Althoughthemajorityofthecostsrelate to wages and travelexpenses,administrationexpensesof the charityare also coveredby this benefitin kind.During this financial year the in kind benefit contributed to Foundations Independent Living Trust was £9,884. ``` ``` Page 3 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`** ``` The trustees (who are also the directorsof FoundationsIndependentLiving Trust Limited for the purposesof company law)areresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ``` ``` Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyear.Underthatlaw, the trusteeshaveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). ``` ``` Undercompanylawthetrusteesmustnotapprovethefinancialstatementsunlesstheyaresatisfiedthattheygive a trueandfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplication of resources,includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparing those financial statements, the trustees are required to ``` - `select suitable accounting policies and then apply them consistently;` - `observe the methods and principles in the Charities SORP;` - `make judgements and estimates that are reasonable and prudent;` - `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.` ``` Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any timethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancial statements complywith the CompaniesAct 2006. They are also responsiblefor safeguardingthe assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ``` ## **`Disclosure of information to independent examiner`** ``` Each person who was a Trustee at the time this report was approved confirms that: ``` ``` - so far as he is aware, there is no relevant information of which the charity's independent examiner is unaware; and -he hastakenallthestepsthathe oughtto havetakenas a Trusteeinorderto makehimselfawareof any relevant information and to establish that the charity's independent examiner is aware of that information. ``` ``` This reporthas been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating to small companies. ``` ``` Approved by order of the board of trustees on 1 December 2025 and signed on its behalf by: ``` ``` J P Trigg - Trustee ``` ``` Page 4 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`Independent examiner's report to the trustees of Foundations Independent Living Trust Limited ('the Company')`** ``` I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. ``` ## **`Responsibilities and basis of report`** ``` As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm thatI am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountants in England and Wales, which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Jay Durow FCCA ACA BFP ``` ``` Sibbalds Limited Chartered Accountants and Business Advisers Sixth Floor Cavendish Building 1 Agard Street Derby Derbyshire DE1 1DZ ``` ``` 23 December 2025 ``` ``` Page 5 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`-`
**`Charitable activities`**
`4`
`Independent living assistance`
`-`
`Investment income`
`3`
`187`
`Other income`
`-`
**`Total`**
`187`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Independent living assistance`
`13,909`
**`NET INCOME/(EXPENDITURE)`**
`(13,722)`
**`Transfers between funds`**
`10`
`(13,518)`
**`Net movement in funds`**
`(27,240)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`As previously reported`
`82,476`
`Prior year adjustment`
`7`
`-`
**`As restated`**
`82,476`
**`TOTAL FUNDS CARRIED FORWARD`**
`55,236`|`Restricted`
`funds`
`£`
`-`
`329,537`
`-`
`-`
`329,537`
`332,423`
`(2,886)`
`13,518`
`10,632`
`79,444`
`68,750`
`148,194`
`158,826`|`2025`
`Total`
`funds`
`as`
`£`
`-`
`329,537`
`187`
`-`
`329,724`
`346,332`
`(16,608)`
`-`
`(16,608)`
`161,920`
`68,750`
`230,670`
`214,062`|`2024`
`Total`
`funds`
`restated`
`£`
`1,177`
`303,131`
`304`
`177`
`304,789`
`457,208`
`(152,419)`
`-`
`(152,419)`
`245,589`
`137,500`
`383,089`
`230,670`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`STATEMENT OF FINANCIAL POSITION`** ## **`31 MARCH 2025`** |`Unrestricted`
`fund`
`Notes`
`£`
**`CURRENT ASSETS`**
`Debtors`
`8`
`1,012`
`Cash at bank`
`59,171`
`60,183`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
`(4,947)`
**`NET CURRENT ASSETS`**
`55,236`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`55,236`
**`NET ASSETS`**
`55,236`
**`FUNDS`**
`10`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
`159,283`
`11,654`
`170,937`
`(12,111)`
`158,826`
`158,826`
`158,826`|`2025`
`Total`
`funds`
`as`
`£`
`160,295`
`70,825`
`231,120`
`(17,058)`
`214,062`
`214,062`
`214,062`
`55,236`
`158,826`
`214,062`|`2024`
`Total`
`funds`
`restated`
`£`
`160,339`
`87,769`
`248,108`
`(17,438)`
`230,670`
`230,670`
`230,670`
`82,476`
`148,194`
`230,670`| |---|---|---|---| ``` The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year ended 31 March 2025. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 7 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2025`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon1December2025 and were signed on its behalf by: ``` ``` J P Trigg - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementshave been preparedin accordancewith the CharitiesSORP (FRS 102) 'Accounting and ReportingbyCharities:StatementofRecommendedPractice'applicabletocharitiespreparingtheir accounts inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in theUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeen prepared under the historical cost convention, as modified by the revaluation of certain assets. ``` ``` Thefinancialstatementsarepreparedinsterling,whichisthefunctionalcurrencyofthecharity. Monetary amounts in these financial statements are rounded to the nearest £. ``` ``` ThecharitymeetsthedefinitionofapublicbenefitentityunderFRS102.Assetsandliabilitiesare initially recognisedathistoricalcostortransactionvalueunlessotherwisestatedintherelevantaccounting policy note(s). ``` ## **`Critical accounting judgements and key sources of estimation uncertainty`** ``` In the applicationof the charity'saccountingpolicies,the trusteesare requiredto make judgements, estimates andassumptionsaboutthecarryingamountofassetsandliabilitiesthatarenotreadilyapparentfrom other sources.Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactors that are considered to be relevant. Actual results may differ from these estimates. ``` ``` Theestimatesandunderlyingassumptionsarereviewedonanongoingbasis.Revisionsto accounting estimatesarerecognisedintheperiodinwhichtheestimateisrevisedwheretherevisionaffectsonly that period,orintheperiodoftherevisionandfutureperiodswheretherevisionaffectsbothcurrentand future periods. ``` ## **`Income`** ``` All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ``` Incomefromgovernmentandothergrants,whether‘capital’grantsor‘revenue’grants,isrecognised when the charityhas entitlementto the funds,any performanceconditionsattachedto the grantshave been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. ``` ``` Forlegacies,entitlementis takenastheearlierofthedateonwhicheither:thecharityis awarethat probate has been granted,the estate has been finalisedand notificationhas been made by the executor(s)to the Trust thatadistributionwillbemade,orwhenadistributionisreceivedfromtheestate.Receiptofalegacy, in whole or in part, is only considered probable when the ``` ``` amountcanbemeasuredreliably,andthecharityhasbeennotifiedoftheexecutor’sintentiontomake a distribution.Wherelegacieshavebeennotifiedtothecharity,orthecharityisawareofthegranting of probate,andthecriteriaforincomerecognitionhavenotbeenmet,thenthelegacyisatreatedas a contingent asset and disclosed if material. ``` ``` Incomereceivedinadvanceoftheprovisionofspecifiedservicesitisdeferreduntilthecriteriafor income recognition is met. ``` ## **`Interest receivable`** ``` Intereston funds held on depositis includedwhen receivableand the amountcan be measuredreliablyby the charity; this is normally upon notification of the interest paid or payable by the Bank. ``` ``` continued... ``` ``` Page 9 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the use of resources. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Debtors`** ``` Tradeandotherdebtorsarerecognisedatthesettlementamountdueafteranytradediscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ``` ## **`Creditors`** ``` Creditorsandprovisionsare recognisedwhere the charityhas a presentobligationresultingfrom a past event thatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountduetosettlethe obligation canbemeasuredorestimatedreliably.Creditorsandprovisionsarenormallyrecognisedattheir settlement amount after allowing for any trade discounts due. ``` ## **`2. DONATIONS AND LEGACIES`** |**`2.`**|**`DONATIONS AND LEGACIES`**||| |---|---|---|---| |||`2025`|`2024`| ||||`as restated`| |||`£`|`£`| ||`Donations and legacies`|`-`|`1,177`| |**`3.`**|**`INVESTMENT INCOME`**||| |||`2025`|`2024`| ||||`as restated`| |||`£`|`£`| ||`Bank interest receivable`|`187`|`304`| ``` continued... ``` ``` Page 10 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`4. INCOME FROM CHARITABLE ACTIVITIES`** |`Activity`
`Management fee income`
`Independent living assistance`
`Grants`
`Independent living assistance`
`Grants received, included in the above, are as follows:`
`Gas Safe`|`2025`
`a`
`£`
`29,537`
`300,000`
`329,537`
`2025`
`a`
`£`
`300,000`|`2024`
`s restated`
`£`
`28,131`
`275,000`
`303,131`
`2024`
`s restated`
`£`
`275,000`| |---|---|---| ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year ended 31 March 2024. ``` ## **`Trustees' expenses`** |`Trustees' expenses`
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`1,177`
**`Charitable activities`**
`Independent living assistance`
`-`
`Investment income`
`304`
`Other income`
`177`
**`Total`**
`1,658`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Independent living assistance`
`43,689`
**`NET INCOME/(EXPENDITURE)`**
`(42,031)`
**`Transfers between funds`**
`9,542`|`2025`
`as`
`£`
`400`
`Restricted`
`funds`
`as`
`£`
`-`
`303,131`
`-`
`-`
`303,131`
`413,519`
`(110,388)`
`(9,542)`|`2024`
`restated`
`£`
`400`
`Total`
`funds`
`restated`
`£`
`1,177`
`303,131`
`304`
`177`
`304,789`
`457,208`
`(152,419)`
`-`| |---|---|---| ## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** ``` continued... ``` ``` Page 11 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** |**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
`Unrestricted`
`fund`
`£`
**`Net movement in funds`**
`(32,489)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`As previously reported`
`114,965`
`Prior year adjustment`
`-`
**`As restated`**
`114,965`
**`TOTAL FUNDS CARRIED FORWARD`**
`82,476`|`Restricted`
`funds`
`as`
`£`
`(119,930)`
`130,624`
`137,500`
`268,124`
`148,194`|`Total`
`funds`
`restated`
`£`
`(152,419)`
`245,589`
`137,500`
`383,089`
`230,670`| |---|---|---| ## **`7. PRIOR YEAR ADJUSTMENT`** ``` Thecomparativeshavebeenrestatedtoadjustforgrantincomerecognisedintheincorrectperiod according to the recognition criteria of the Charity SORP. ``` ``` This has resultedin a £68,750reductionto grantincomewithinthe statementof financialactivities,a £68,750 increase to other debtors in the balance sheet and a £137,500 increase to restricted funds brought forward. ``` ## **`8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade debtors`
`Other debtors`
`Prepayments and accrued income`|`2025`
`a`
`£`
`84,283`
`-`
`76,012`
`160,295`|`2024`
`s restated`
`£`
`77,189`
`193`
`82,957`
`160,339`| |---|---|---| ``` continued... ``` ``` Page 12 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade creditors`
`VAT`
`Accruals and deferred income`|`2025`
`as`
`£`
`-`
`1,545`
`15,513`
`17,058`|`2024`
`restated`
`£`
`8,952`
`46`
`8,440`
`17,438`| |---|---|---| ## **`10. MOVEMENT IN FUNDS`** |`At 1.4.24`
`£`
**`Unrestricted funds`**
`General fund`
`82,476`
**`Restricted funds`**
`Gas Safe`
`65,404`
`Northern Gas Network`
`14,040`
`79,444`
**`TOTAL FUNDS`**
`161,920`
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Gas Safe`
`Northern Gas Network`
**`TOTAL FUNDS`**|`Prior`
`year`
`adjustment`
`£`
`-`
`68,750`
`-`
`68,750`
`68,750`
`s follows:`|`Net`
`movement`
`in funds`
`£`
`(13,722)`
`(500)`
`(2,386)`
`(2,886)`
`(16,608)`
`Incoming`
`resources`
`£`
`187`
`329,537`
`-`
`329,537`
`329,724`|`Transfers`
`between`
`At`
`funds`
`31.3.25`
`£`
`£`
`(13,518)`
`55,236`
`13,518`
`147,172`
`-`
`11,654`
`13,518`
`158,826`
`-`
`214,062`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(13,909)`
`(13,722)`
`(330,037)`
`(500)`
`(2,386)`
`(2,386)`
`(332,423)`
`(2,886)`
`(346,332)`
`(16,608)`| |---|---|---|---| ``` continued... ``` ``` Page 13 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`10. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Gas Safe`
`Northern Gas Network`
`Warm and Adapted`
`Homes`
**`TOTAL FUNDS`**|`At 1.4.23`
`£`
`114,965`
`11,302`
`93,896`
`25,426`
`130,624`
`245,589`|`Prior`
`year`
`adjustment`
`£`
`-`
`137,500`
`-`
`-`
`137,500`
`137,500`|`Net`
`movement`
`in funds`
`£`
`(42,031)`
`(14,648)`
`(79,856)`
`(15,884)`
`(110,388)`
`(152,419)`|`Transfers`
`between`
`funds`
`£`
`9,542`
`-`
`-`
`(9,542)`
`(9,542)`
`-`|`At`
`31.3.24`
`£`
`82,476`
`134,154`
`14,040`
`-`| |---|---|---|---|---|---| ||||||`148,194`| ||||||`230,670`| ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Gas Safe`
`Northern Gas Network`
`Warm and Adapted Homes`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`1,658`
`303,131`
`-`
`-`
`303,131`
`304,789`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(43,689)`
`(42,031)`
`(317,779)`
`(14,648)`
`(79,856)`
`(79,856)`
`(15,884)`
`(15,884)`
`(413,519)`
`(110,388)`
`(457,208)`
`(152,419)`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(43,689)`
`(42,031)`
`(317,779)`
`(14,648)`
`(79,856)`
`(79,856)`
`(15,884)`
`(15,884)`
`(413,519)`
`(110,388)`
`(457,208)`
`(152,419)`| |---|---|---|---| ||||`(110,388)`| ||||`(152,419)`| ``` The purpose of the restricted funds are as follows: ``` ## **`Unrestricted funds`** ``` Thesefundsareheldformeetingtheobjectivesofthecharityandtoprovidereservesforfuture activities. Subject to charity legislation, they are free from all restrictions on their use. ``` ## **`Gas Safe`** ``` A projectin conjunctionwith Gas Safe Charityto tacklethe risks presentedby boilersand othergas appliances in vulnerable households. The temporary cash deficit was transferred from the general fund. ``` ## **`Northern Gas Network`** ``` ProvidingfundingtoHomeImprovementAgenciestocarryoutgassafetyworksinthehomeof vulnerable homeowners. ``` ``` continued... ``` ``` Page 14 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`10. MOVEMENT IN FUNDS - continued`** ## **`Warm and Adapted Homes`** ``` A pilot project in St Helens with the British Red Cross to help support vulnerable adults in their own homes. ``` ## **`11. RELATED PARTY DISCLOSURES`** ``` Duringtheyear,managementandconsultancyfeesof£14,066(2024:£28,131)werepaidtoAstralPSLtd, a company in which Jonathan Trigg (Trustee) and Paul Smith (Chief Executive) were directors in the year. ``` ``` Duringthe year,managementand consultancyfees of £15,472(2024:£Nil)were paidto Collective Enterprises Ltd, a company in which Jonathan Trigg (Trustee) and Paul Smith (Chief Executive) were directors in the year. ``` ``` Page 15 ``` ``` FOUNDATIONS INDEPENDENT LIVING TRUST LIMITED ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations and legacies`
**`Investment income`**
`Bank interest receivable`
**`Charitable activities`**
`Management fee income`
`Grants`
**`Other income`**
`Other income`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Trustees' expenses`
`Beneficiary payments`
`Campaign costs`
`Management fees`
`Research support`
`Bad debts`
`Consultancy fees`
`Subscriptions`
`Computer costs`
`General expenses`
**`Support costs`**
**`Finance`**
`Bank charges`
**`Governance costs`**
`Accountancy and legal fees`
`Total resources expended`
**`Net expenditure`**|`2025`
`as`
`£`
`-`
`187`
`29,537`
`300,000`
`329,537`
`-`
`329,724`
`400`
`302,886`
`-`
`29,537`
`-`
`-`
`4,000`
`2,614`
`64`
`208`
`339,709`
`60`
`6,563`
`346,332`
`(16,608)`|`2024`
`restated`
`£`
`1,177`
`304`
`28,131`
`275,000`
`303,131`
`177`
`304,789`
`400`
`392,990`
`11,800`
`28,131`
`10,000`
`2,398`
`4,525`
`2,812`
`-`
`-`
`453,056`
`60`
`4,092`
`457,208`
`(152,419)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 16 ```