Coinpany registration iiumbej.: 04662849 Charity registration number: 1105277 Learning for Life UK Limited (A company limited by guarantee) Annual Report and Finuncial Slalements for the Year Ended 31 Marcli 2024 Learning for Life UK Limited Conlents Reference and Administrative Delails Truste¢s' Repoit 2to 12 Indepeiident Examinei s Repoil 13 Slatemei)t of Fiiiancial Aclivities 14 Balance Sheet 15 Notes to the Financial Statements 16to23 Learning for Life UK Limited Reference and Administrative Details Secrctary Ms M Desai Chai'ity Registratioii Number 1105277 Company Registration Number 04662849 The chariiy is incorporaied in England & Wales. 9 Berners Place London WIT3AD Rcgi5tered Office Independellt Examiner Shammii. Shah ChainberlaTns UK LLP 173 Cleveland Street London WIT6QR Page I Learning for Life UK Limited Trustees, Report The trustees who are also directors of the charity for the purposes of the Companies Acl 2006, present their report wÉth the fEnancial statements of Ilie cl)arity for the yeai. ended 31 March 2024. Tl)e trustees have adopted the provisions of Accounting and Reporling by Charities- Sialeineiit of Reconimended Pi'actice applicable to chai'ities pi'epai'ing their accounts in accordaiice with the Financial R¢porting Standai'd applicable in the UK and Republic of It'eland {FRS 102) (effective l January 2019). WELCOME TO LEARNINC FOR LIFE At Learning for Life, we envisioi) a world where education is acce55ible to all, regardless of backgi'oiii)d. We believe that education is the key to unlocking opporlunities and einpowei'ing individuals lo create positive change in their lives and commullities. Through our ¢omJnLinity-educalion initiatives, we strive to pi'ovide South Asia's poor and oppressed with the educalion and opportuiiities they need to overcoine poverty. Learning t.or Life enables South Asia's mosl marginali5ed populations to gain acce5S to education. health and einploynieiil - tlie necessary huinaii rights thai fonn Ihe fii'st, essential step in overcoming poverty. We cuiirntly work in Bangladesh, Nepal and, and have long-e5tablisl)ed links with India, Pakistaii and Afghanistan. We work with Iucdl parhiers to provide catch-up education for working childreii who have nevei. been to school or have dropped out. We also provide training for teachers. vocational training and reproductive health services foi. women, and capacity-building and righis awareness for communities. We i)i'ovide our local partners. who understand local issues, with the skTlls and support to help commuiiities set up and nianage practical aiid s￿￿tainable projects that meet their real needs. We aim to be transparent, accountable and innovative. Our track record of establishing stable, suslainable pi'ojects that continue to make a pern)anent difference, gives us great pride. We conduct i'eseai'ch, aTialysis, evaluatioi) and dissemination wilh all our projects and eiihance our paitnei's, capacities to do the same both nationally and internationally. We are committed to supporting teachers and Ilieir pupils: on slreets, in refugee canips, slum5 or in remote villages. As an organisation in an ever-changing political world, through our learning from tl)e field, we al'e constantly evolving. Together, we can give education and challge ITves Page 2 Learning for Life UK Limited Trustees, Report CHAIR'S STATEMENT A5 wc c105e out the financial year ending March 2024, 1 am pleased io share this report oil oiii. progress and our ouilook for the fulure. This year has illarked a period of adaptation and resilience as we move beyond the immediate impac15 of the COVID-19 pandemic and addres5 Iiew and ongoing challenges in delivering vital educational services in Bangladesh and Nepal. rollowing the disruptions of recent years, our programs in Bangladesh and Nepal have success￿1]Y focused on re-eni-olling students, with particular emphasis on supporting girls returnÈng to education. Our team has tii'elessly worked to ci'eate saft, inclusive enviiDnmenls. enabling over 900/0 of previously enrolled students to r¢sume their studies. Thi5 acl)ievem¢nt underscores our commitment to ensuring edu¢atioiial conlinuity, even amidst economic or social challenges. In 2024, the broader economic landscape ha5 presenled notable Challenges. including inflation and a global ost-of-living crisis that l)as impacted dniior5 and faTI)Ilies alike. Despite this. the generosity of our suppoi1'¢rs has enabled us to maintain critical programs. We have strategically refined our fui)di'aising appi'oaches lo adapi Éo new donor prioi'ili¢s and emerging opportunities for corporate partn¢rsliips. This adaptability is essential to suslainiiig our inission. and we are deeply grateful to our con)munity of doiiors and voluiiteers whose Cominilnient remains unwavering. Oui. coii]mitment to addressing climate change continues, with climate justice remaining a cornerstone of oui. woi'k, particularly in regions heavily affected by environmental degradalion. This year, we expanded projects in Bangladesh to include pi-ogyr(Ims aimed at educating childitn and families about sustainable pi'actices and cliinale resilieiice. These initiatives are vital as communities in our program areas face increasiiigly severe climate challenges. underscoruig our role not only in education but also in 5UPPOrting sustainable, resilient tures. I extend my heartfelt thanks to our entire team, whose dedicalioi) lias enabled us to Iiavigale 11)e challeJ)ges of this yeai. with innovation and determination. As we Inove forwai'd, the Board's visioi) includes a continued focus on adaptii)g io econoinic and environmental challenges, while exploruigi new pafftlci'ships lo broaden oui. reach and deepen oui. impact. We are coinmitted to building on the successes of 2024 and embracing innovative solutions to meet both the opportunities and cliallenges al)ead. Siisan Simiiionds Chaii., Learning for Life UK Page 3 Learning for Life UK Limited Trustees, Report OUR BACKGROUND Learning for Life has had an incredible joiirney since it began in 1994. The initial idea, developed by Chai'loitc Banni5ter-Parkei' and Sophia Swire, was lo help develoi) gil'ls. education in Iiidia and Pakistan. Over twenty-rjve years on, we have expanded our vision and cominitsnent, working with street and woi'kiiig children. as well as impovei-ished communities across South Asia. Oui- Vision Leai'ning for Life's vision is of a world where eveiyone has acce55 to education, health, civil lib¢ities. and safe, sustainable employment, Our Mission Leaiming for Life's mission is lo overcome poverty by providing South Asia's poor and oppressed wilh education and opportunity, as well as to rnise awareness of development issues and challenge stereot)q)es in the UK. Philosopliy Give an education, change a life. Guidii)g PrineTples: owei'menl throu h Education We believe that education 15 the most powerful tool for Iransforniiiig lives. By pi'oviding access to quality education and vocational traintn& we einpower individuals with the knowledge and skills tliey need to bre8k the cycle of poverty and build better futures for theiTJselves and Ilieir communities. 2.Siislainable Development Our projects are designed with 5uslainabilily in mind. We work closely with local partners to cnsure oui. initiatives al'e cultui'ally relevant and can be maintained by the cominunity long aftei. oui. involvement ends. This approach ensiires that the benefits of our woi'k are lasting and far-r¢aching. 3.Conununi -Centred Ap romch We pi'ioi'itise the needs and voices of the communilies we serve, by involving local leaders and community menibers in the planning and implementation of our projects. we ensure that oiir tnlei'ventions are effective, respectful, and address the real needs of the people. 4.Paitnership and Collaboration We believe in the powei. of collaboration. By building strong parlneiships Wlth local organisations, governments, and oihei- stakeholders, we leverage Collective expertise and resources to maxiniise oui. impact. This collaboi'alive approach enables us to achieve more together thali we could aloiie. Woi'lOPI) supported by the EdiicAtional Opportunity Foundatloll. This project aims to improve primary scliool en1￿￿nent and education oulcoimes for 357 children in Sadar Upazila, Cox's Bazar, by preparing infants foi. school through the provision of playgroups. preschool classes and guidance and support for their parents. Learniiig for Life'5 Early Years Education (EYE) project is dedicated to iinproving educalional outcoines and enrolment rates for 357 children. The project focuses on preparing young children for primary school tlii'ough the eslablishtrLent of 14 playgroups and 7 preschool centres ¢quipped with age-appropriate educational Inaterials. Additionally, pareiits i'eceive i'egular training sessions on school enrolment, education value5, and Creating suppoi'live hojne ¢nvironments, ensuring active participation and engagement. Coiitinuous assessments are planned to Eneasure prograin effectiveness and identify areas for improvement. underscoring the project's coinmilniellt to sustained educational impact in the community. Page S Learning for Life UK Limited Trustees, Report Recoveriiig Enrolment, Retention and Attainmeiit in the Classrooms of Nikli, Bangladesh, folloiving the COVID-19 loelidown, in partiiership Iviih People Oriented Progi'ani ImpleJnenlatioii (POPD supported by Brit15h aiid Foreign Schools SoeieÉy> Gucrn5ey Overseas Aid Commitlee and illdividual donors and fouiidations. Tliis pi-oject tai'gcts the river basin aiea of Nikli, Bai)gladesli, an area characterised by extrenie poverty. yevere seasoiial flooding ai)d niiiiimal public services. The project supports childi'en, particularly girls, lo recovei. from the iiiitial iimpacl of COVID-19 ihi-ough the re-enrolmei)t of at least 4.602 childreii back into school. Relention and attainment will be maintained through the provision of catch-up classes, introducing onliiie learniiig, and awareness canipaigns. The pi'oject has threc focus areas: Enrolment.. The project will conduct a coiMpreh¢nsive mass awareness campaign on the value and importance of education. 'fhis includes leaflets, posters, liouse-lo-house visits. events such as sport competitions, aiid an education fail.. We ai'¢ advocattng strongly with local education officials. school leaders, elected officials and leaders to ensure that all schools are ready lo reopen safely and provide education that iiflects the evolving situation and its potential impa¢t on children's progress. In order lo keep schools open we are providing hygiene equipimeiil and training on disease prevention, Impact on wom¢n and gil'ls.. This project enro15 240 girls (aged 15-18) into oui Songlap" prograinme. 1'his is an acci'ediied progrdinme covering health, rights, life ski1[5 and livelihoods, wliich Ilas been extrcmely successful in our existing pi'ojecls. Wlth sirls disseininLllll)g their learning with their peels, expanduig the l'each of the initiative. We also proinote Ihe rights of woiiien & girls amongst the widei- commuiiity through sessions in schools & with local yvuths. Thi'oiigh this pi'ojecl, to date, we liave been able to support vulnerable familie5 in Bangladesh in their I'ecovery from Ihc paiidemic and ensui'e that over 850/0 of childr¢n ar¢ back in school aIid leaiiiing well, with that figui'c set lo I'ise as the project progresses. I mei'g¢ncy Relief, in partnership )vith People Oriented Program Implementation (POPI) supported by SpeakFirst, PAWA, and individiial doiiors. LeaiMing foi. Life's Emergency Relief project exists to provide immediate relief to cominunities we support in the event of an eniergeiicy. From 20?0-22 Leaming foi- Life was dble lo support coinTMunilies in Bangladesh iinpacted by the Covid-l O pandemic. The first confThed case of Covid-19 was reported in Bangladesh on 8 March 2020 and Kish()I'egai)j district, where LIL'S Floating Scliool are based was placed in lockdown on 10 April 2020. 'fhe lockdown had potentially dire coiisequences for the impoverished coi)Iniunities of11)is area, as not goiiig Out to woi'k nieant that they did not have enough money lo feed Iheir childi'en. Fainilies faced an impossible dilemma eiihei. they continued to go to WO￿ to pay for food and risk catcliing Covid-19 or they stayed at liome and nol eat, possibly for days at a time. A5 an iminediate response Learning for Life provided fatnilies with a food pa￿¢1 containing basic siipplies foi. 30 days, which allowed families lo eat b1c sic meals and meant that people did not have to go to woi'k and could keep their fatnilies safe from Covid-19. We also provided families with a hygien¢ package (conlaiiiing soap, a bucket disinfectant and face inasks) for the fainilies and staff. As a result, families were better able to adh¢r¢ lo the lockdown restrictions and keep themselves safe. Our staff also continued io visit fajnilies wheiievei. p035ible to provide need-based support and advice ihroughoul the last year. Page 6 Learning for Life UK Limited Trustees, Report In 2022 the worst flooding in over 100 years devastated cominunities in Bangladesh. Over 5 million people were marooned witl)out food, drinking water, power or mobile networks. Communities in the low-lying areas whei'e Leaming for Life's Floating Schoo15 are based were deluged. Foitunately, oui. Floating Schools th¢mselves were nol damaged. However. hon]es and ci'ops, as well as viial infra5tructiire such as power supply lines, water sources and roads were all damaged or completely subinerged. Vulnerable children, women, men and elders wei'e cut otT from life-saving medicine, vital communication and transport. Thanks to the generosity of donors 10 our emergency flood appeal Learning for Life was able to I'espond iminediately to provide life saving emergency supplies such a food parce15, 1)iedical packs aiid fresh waler supplies. Dali Doherty Memorial School and Giiernsey SEC (Makivanpijr, NepAI), in partnership ivith Community Siipport Associatioii of Nepal (COSAN), supported by tbe frieJ)ds and faniily of Daiiiel Dolierty 2nd the Mayr Muiiniiig Trust It was with ininiense sadness that we said goodbye lo our wonder￿1 friend and bi-illiant Tiustee. Dan Doherty, on 16th March 2016. There is no doubt that Dan's legacy will be incredibly loiig-lasting, and we have recognised this by buildtng a school in Nepal in his memory. In the devastating earthqiiake on 25th April 2015, twelve of Learning for Life's scl)ools in Makw2npui', a dists'icl in rural Nepal, were completely destroyed. It Ihei'efore seeined appropriate to raise fvnds, in pai-tiiership with Dan's husband, Neil Fullbi'ook, to i'cconslruct a school in Dan's meinory. The school was officially opened aild inaugurated by Neil on ?Oth February 2017. The school continues to educate vulnerable children from margiiialised communities who have either di'opped out of school oi. never attended, so they can catch up on the education they have missed and become re-integrated into the Tnainstieam education system. In M8y 2017 the tiuemsey Ovei'seas Aid Committee agreed to provide funds foi. Ihe Qonslructioii of another Suppleinentary Education Centre that had been destroyed in the earthquake. Now that the SECS have been I'ebuilt, Iliey will conlinue 10 serve as education and cotnmunity resource centres for many years to come. Based on our previous experience we e5tiinale that each year around 7￿/0 of the sliidents will go on to enrol in Imainstreain school, allowing new children to attend the SEC and extending the reach of this project. The Dan Doherty Memorial School scliool and the Guernsey SEC coiilinue to provide catch-up education for tliirty children per cenlre. The cenlre also provides a space for local secondary sludeiils to study after school. Beyond this, tlie buildings act as a facility for tlle whole cojnmunity. including a library with educational i'esources i'ai5ing awarene55 on liealth. hygiene and rights, while there is a150 a hall that is used for events, Ineetings and training sessions, and as an emergency slielter if necessary. Small Floating Schools, in partnership with People's Orieiited Programme Impl¢mentatioiJ (POPI), supported by Pan Asigll Womeii's Associatioii IPAWA), SpeakTr'irst, & EKTA Foundation and 'Sopliie's Floating School, Freyja's Floating School and Willoiv's Floating School" supported by an individual donor. The school enrolment rate of children aci'055 the river basin area of Kishoreganj in Bangladesh is 37 /0 and the literacy rate of the adult population is a staggeringly low 160/0. During the monsoon and post-monsoon season5, more than 900/D of children and youtlis living in ihis area do not have acce55 to any foiin of education as the 5UITounding ai'ea floods and villages are forced onto liny islands cul off by 30-40 feet of water. In addition to the pool. education provisions. ill health, malnutrition and social explottation forni part of their daily lives. Children and youths are forced to woi'k, often in very dangerou5 environmenls. Page 7 Learning for Life UK Limited Trustees, Report Our tnnovative floating schools travel from village to village during il)¢ monsoon season when villages ar¢ completely Cut off fron) niainlaiid services and condiict lessons for children who otherwise would not be able to atteiid school. The primary benef1t of this project is that 120 desperately poor children (aged 7-14} and 120 adolescenl girls (aged I 5-18) now have access to quality education and will be able to STt govei'nment acct'edited exams that will enable them lo go on to secondary school or seek sRfe einployment. The four 'floating scl)ools' also act as resource centres and focal poiThts for the community, enipow¢ring the entire population throLigh social awareiiess education and health and hygiene inform¢ltion. All beneficiaries of this pi'oject are membei's of ¢xtremely pool. cominunities or representatives of Ihose commuiiities in the project's largel area. COMPLCITED PROGRAMMES Increaslng Household Ineomes for 1,658 Households (Nuwakol, N¢pal), in partnership ivitlj the Rui'ftl Seif-Reliance Devclopment Centre {RSDC) supporled by UKAid. This project aiined to iii¢reas¢ the inconie of 1,658 impoverished housellolds in rural Nuwakot. Nepal, by increasing agricultural productivity, SLEPPOrting micro-enterprise development and uiiproving access to local mai'kels. This was achieved througl) training & skills d¢velopment. the formalion of Iiicome Genei'ation Groiips and coopei'atives, facililaliiig access to credit and developing strong leadeiship. In sui)poit of thes¢ aims the pi'oject ii)cluded a social awareness coniponent to reduce discriinination. This project lead to a significant incr¢ase in Iiou5ehold income iii the projcct area. Opeii Sehool Project, (Kolkata, India) in parlllership with Tomorrow's Foundation, supported by Genesls Trust Despite Ihe Indian Government outlawing cliild labour, Iinfortunately il is still a cominon practice. The city of Kolkata, whei'e Iliis project woi'ked, has a particularly higli rale of child labour, with ovei. 500,000 working childi'en Compared to 425,000 in fijll liine education. Our project enabled 240 working children to access education by utilising existing facilities to provide education for children oulside of mainstreaTn hours, tlius enabling Ihem to continue lo pi'ovide for their fai))ilies whilst simultaneously offei'ing them the opputlunily lo get an education, obiaiii recognised qualifications and ultimately gain long-term, safe cmploymLnt. Alongside pi'oviding educatioi), we worked to Change the level of awareness and attitudes of all stakeholders including einployers and parents towards child labour law, child protection and the benefits of the release of children froin h417Ardous workplaces. Earthquake Reconsti'uetlon (Makiyanpur, Nep#l) in partnership Ivilh COSAN, suppoi'tcd by various donors On 25th April 2015, a devastating 7.6 magnilude earthquake hil Nepal. Neai'ly 9,000 people lost their lives and ai'ound 22,000 people werc ii)jlllEd fouj'leen Districts. The social. economic and psychological effecls oil the population were severe. In Makwanpur District, wliei'e Learning for Life Works willi local partner COSAN, 12 out of 19 ot our Supplementary Iducation Centres (SECS), wliicl) were providing catcl)-up educatioii for children who had either di'opped out of school or nevei. attended, were lotally destroyed. Many lives were lost and homes and livelihoods destroyed. We provided victims of the earthquake with tents and plastic larpaulin foi. temporary sheltei., along with food packages ai)d liygiene kils. We also helped to rebuild and re-establish the schools Iliat were lost or damaged. Page 8 Learning for Life UK Limited Trustees, Report Communsty S￿pport Association of Nepal (COSAN) - Sustainable Empowerment of Excluded Womeji iji Rural Nepal (DFID) Thi5 pi'oject began in July 2013 and aimed to addres5 the political disenfran¢hisenient of excluded cornniunities, particulai'ly women, in rural Nepal and Ihe subsequent insiifficient standards of education and healthcare tl)at they I'eceive. I'he5e aims were achieved through educalion on rights and entiileinents and tmproving ex¢liided communities, capacity to engage in the Ioc81 dccision-making proces5, through the formation and training of Comniunity Action Groups. In order to engage The community with the project, and address the immediate lack of adequate health care and educalion pi'ovision, the project provided supplementary education to childi'en who were Iiot enrolled in mainstream scliool and aiiterjatal and postnatal services for pregnant women, as well as vocational Ii'aintng for adolescents. As well as the fornialion of these community groups, 11)e project delivered Irainiiig and capacity building to the largel beiieficiaries and other siakehold¢rs. Thi5 ensiired that the tat'get population wei'e in a position ¢0 directly engage with local decision makers and 8dvocale colle¢lively to ensure that their rights and entitlements were protected. The resiilts of this was an increase in the feinale iEpreseiitalion in local goveiilment to 330/0. an increase in the reporting and prosecution of doinestic violence, a reduction in cases of domeslic violence, and an increase ii) the access lo and quality of educalion for socially excluded con]mtinities, in particular girls and woinen. People's Orie)Ited Pi'ogramme liiiplementatioii (POPI) Sustainable r.Ilmination and Prevention of the Worst Foi'ms of Cliild Labour iii Bhairab and Cox's Bazar (Comic Reliet) Al the start of this project over 3,200 children were working long hours iJ] Llhairab's cottage shoe facloi'ies. Childi'en, who also slept there, freqiiently suffered froni injuries, and glue inhalation. In Cox's Ba7.ar ovei. 6,500 children were working in fish-drying plants, where tliey sliffercd severe injuries and illi)esses as a i'esult of liandling sharp tools, raw fisl), chemicals and pesticides. Children in both areas sadly suffei'ed abuse at the hands of employers. Ltl and local partner, POPI, in coiljunction wilh Comic Relief, eslabli5hed & project which created an eiiabliiig envii'onment for children, parenls/guai'dians, employers. duty bearers aiid other key stakeholders including goveri]ment, to support the release and reintegration of lai'8eled cl)ild labourers and gain coinmilment of all gi-oups not lo engage in ha/.di'dous child labour in future. Faniilies were incentiviscd to send childi'en to school. Children received individudlly-as5essed supporl, from a Inenu including educational support, health suppoi'l, recreational activities and vocational training. All 6-14 Yea￿ old children in Ihe pi'oject area were prevented from engaging in hazardous labour by educating tliem on the dangers involved. Floating School aiid Health sei'yice, Kishoregunj* B*ngladesli. Learning for Life aiid partner POPI began work on an innovalive lloating school project in November 2009, in the 'haor flood-pi-one region of Bangladesh. This innovalive floating 5¢hool travels fi'om villag¢ lo village during the Inonsoon season when villages are completely ¢ul otT frotn IDainland services and conducts lessons for children who otherwise would not be able to attend school. In the ¢vening5, the boat has been used ¢lS resoLlI'ce centre for communities and delivcrs health and social awarene55 presentations aiid show5. The floating school has been designed to piDvide quality educaiion for 250 children (aged 6-12) and 50 youth5 (aged 13-18) and provides 150,000 tnembei's of the target populaiion with health and sorial awarene%s to improve theii. health seeking beliaviour and encoui'age them to prac(ice Page 9 Lcai"ning for Life UK Limited Trustees, Report GOVERNANCE Founders Both founders, C17arlotte Bannister-Parker and Sophia Swire, after l O years of work, have ceased their active involvement in Iwnning the organisation but i'emain supporters and friends. Govcrning docunient The chai'ity is controlled by its Eoveming document. 8 deed of trust, and constitutes a limited company, liinited by guaiintee, a5 defin¢d by the Companies Act 2W6. Trustees, induction aild It'aining The TI￿St¢eS who Served th¢ charitable conipany during the year are shown on page 3. New tnJsl¢es are selected through ali open and compelilive process, con51Sting of an initial applicatioii followed by ali intei'view. Once invited to join the board Trustees al'e provTded with an Énduction pack consisting of the govei'ning documents, annual reports and financial slalemenis together with tlie policies and procedures of rhe charilable coinpany. Trustees are encouraged io attend appropriat¢ external ti'ainiiig eveiits whei'e these will facililat¢ the undertakings of their role. Staffing Our Programme Manager is Rebecca PaliI)g Oui. finance Officer is Jonathan Calvo Oui. Chair of Ti'ustee5 Susan Simmonds provides pro bono managenient support. Oui. Treasurer Perosha Tengra provide pro-bono goverilance support Voluiit¢crs Leariiing for Lite has a core group of active volunteers who support all activilie5. Their on-goiiig contribution is fundameiital t() Lkai'ning foi. Life's continued success. The Charity is by its Trustees who meet bi-montlily to detemiine the strategy of the Cliarity, to discuss operational and financial Inatters and to formulate policy. The Prograinnie Manager attends all Ti'ustee meetings. The Trust¢e5 delegate responsibility for deliverin8 day io day maiiagement pi'iniarily to the PI'oLiranime Manager, who 15 responsible for individual supeivision of our partner5, Staff and volunteer5. Trustees are also responsible for ensui-ing that the teani continue to develop their skills and woi-king practices in line with good practice. Related party transaetiojis None of the directors had any material interest at any time during the period in any contracts of significance in t'elation to tlie bLisiness of the company except those stated in nole 2110 Ihe financial statements. Publlc Benefit The object of the Chai'ity is the prevention or relief of poverty in South Asia through the pi'ovision ai)d facilitation of education, training, healilicare projects and community support, designed to enable individuals (children and women) and commuTlllies to generale a sustainable income, exercise theii. rights and be self-sufficient. Our prima1y aims and objectives and subsequent activities allow us to directly meet the following ci'itei'ia for public benefLt as defined by the Charity Commission guidance: • The prevention oi- relief of poverty; The advancement of education; 'rhe advancement of health aiid the Saving of lives Page 10 Learning for Life UK Limited Trustees, Report Oui- related activities also address the fuiiher public benefit crileria as defined by the Charity Commission.. The advanceinent of human rights. conflict re501ution or reconciliation or the promotion of religious or i'acial harinony or equality and diversity. The advancement of environmental protection or improvement. The relief of iliose in need, by reason of youth. age, ill-healih. disabilily, fll)ancial hardsliip oi. other disadvaiitage. We aim to help the poorest and iiiost marginalised members of society and no pei'son is excluded on grouiids of l'ace, religion. gender, sexuality, disabilily or social position. Any pi'ivate benefit to individua15 from our work is incidental to our n)ain objective. The trustees confirm that they have referred to Ihe guidance contained in the Cl)arity Commission's general guidance on public benefit when reviewing the Charity's aims and obj¢clives and in planning fiiture activities. Risk Analysis 'rhe Trustees recognise that thei'e are risks to which the Charity is exposed. The Trustees keep all majoi. risks lo the organisation under regulai. review and Ihis is 5eeii as integral 10 the acl)Tevemenl of oui. strategic goals. The ti'uste¢s al'e satisfied that we have a fomial review in place and consider new and enierging i'isks aiid thi'ough their day to day activities the 51aff ali encouraged and guided to ensure the risk management proc¢sses al'e effectively iTnpleiMenled. Systems l)ave been established to niitigate known risks, including financial controls, eniployinenl pi-occdurcs, agreen)enls with partners and voluntcci. training. The Trustees keep proper accounting records and take reasonable steps for the prevention and detection of fraud and other ii'regularities. Healtli and safety, equal opportunities and quality slandards are priorilised. Recoi'ds and archives are secui'ely stored and electronic data carefully protected. We also have in place a comprehensive risk register which is regularly reviewed by the trustees. This Serves as a management tool for managing risks raiher than eliminating Ihem. FINANCIAL REVIEW 2023124 saw oui. unrestricted res¢￿e$ increase again froin last year, £5,000 of which was utilised on one of tl)e projects, which demonstrates that, despite the cliallenging fi]nding envii'onment, Ihe organisalion is in an improving position. We have sufficienl ￿ndIng to sustain our ongoing projects and Trustees ale continuing to review our sltuation on an ongoing basis. Reserves Poliey Reserves al'e held in order that the charity operates ¢ffectively. The reserve5 policy is reviewed ol) a regular basis and adjusted as risk perceptions and other factors change. When reviewing and monitoring the reserves policy ihe trustees ensure that tliey identify when the reserves al'e di'awn on so that they understand the reasons and can consider the corrective actions, if any. that iieeds to be taken. We al'e ¢onlent that our current reserves policy will cover 3 months operational expeiiditure. Pagell Learning for Life UK Limited Trustees, Report STRucfuRE, GOVERNANCE AND MANAGEMENT Goverliiiig ijocunieiit The chai'ity 15 conli'olled by its governing document, a deed of trust, and constitutes a limited compaiiy. limited by guai'aiitee, as defined by the Companies Act 2006. RCI FERENCE AND ADMINISTRATIVE DETAILS Registei'ed Company numb¢r 04662849 (England and Wales) Regist¢i'ed Cliarity iiujnber 1105277 Regislei'ed office 9 Bei'ners Pla¢¢ London WIT 3AD Trustees Ms M Desai.. H R Consultant Ms S F.ngineei': Personnel Consuliaiit P Tengra.. Chartered Accountant S Quirshi.. Trustee C Hough- BaiTiStei' S A E Siininonds: Charity Consultant Con)pany Secretary Ms M Desai This report has been prepared in accordance wilh the special provisions of Part 15 of the Compaiiies Act 2006 r¢lating to small compaiiies. Approved by order of the board of trustees on 23 Decembcr 2024 and signed on ils behalf by.. S A E Simmonds - Trustee Page 12 Learning for Life UK Limited Independent Examiner's Report to the trustees of Learning for Life UK Limited ('the Company,) I report lo tlie ¢harity trustees on my examination of the accounts of th¢ Company for the year eThde4J 31 March 2024. Responsibilities and bASiS of report As the charity's trustees of the Company (and also its director5 for the puryoses of company law) you are respoilsible for the preparntion of the accounts iii accordance with ihe requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Cojnpany are not required to be audited under Part 16 of the 2006 AGI and are eligible for ind¢p¢ndent examination. I report in respect of my examknation of your charity's accounts as Carried oiit under section 145 of the Charilies Act 2011 ('th¢ 2011 Act,). In carrying oul my examination I have followed Ihe DiTections given by the Charity Commission under section 145(5)(b) of th¢ 2011 Act. Independent exAminer's Stalernent I have completed my examination. I confinn that no matters have ￿rne to my attention in connection with tlie examination giving me cause to believe: a¢¢ounling records were not kepl in ￿SpeCt of L¢arnin8 for Life UK Limited as required by section 386 of the 2006 Acl. or 2. the accounts do not accord wilh Ihose records. or 3. the accounts do not comply with the accounliiig requir¢m¢nts of section 396 of the 2006 Act other than any requirement that the accoun15 glve a 'true and fair view wliicli is not a matter considered as part of an independ¢nt examination. or 4. the accoLinls have not been prepared in accordance with the methods and principles of the Statcment of Recommended Practice for accounlins and reporting by chariiies [applicable to charities preparing Iheir accounts in accordance with the Financial ReportinE Standard applicable in ihe UK and Republic of Ireland {FRS 102}]. I liave no wncerns and have come arross no other matters in conne¢lion with the examination to which att¢iition should be drawn in this report in order to enable a proper understanding of the a¢couiits lo be reached. Shammir Shah Chamberlains UK LLP 173 Cleveland Street London WIT6QR Date.. 23 D¢cember 2024 Page 13 Learning for Life UK Limited Statement of Financial Activities for the Year Ended 31 March 2024 Unrestricted funds Res¢ricted funds Total 2024 Note Income and Endowmen¢s from: Donations and legacies Ch&i'itable activities Invesltllent iiicome 23.671 23,671 71,721 1.986 71,721 .986 Total iJ)¢om¢ 25,657 71,721 97,378 Expenditure on: Raising funds Cliarilable activities (1.689) (25,552) (1,689) (118.655) {93,103 Total expenditure Net expenditure (27.241) 93,103) (120,344) (1,584) 21,382) (22.966) Net movement in fvnds (1.584) {21,382) (22,966) Reeoncilialioii of funds Total fuiids brought fonvard 43,748 66,346 110,094 Total ￿ndS carried forward 17 42.164 Unrtstricted (unds 44.964 Re$trlcled funds 87,128 TolAI 2023 Note Income and Endowments from: Donations and lega¢ies Charitable Activities Investm¢nt incomc 45,743 45,743 67,165 586 67,165 586 Tolal income 46,329 67.165 113.494 Expenditure on: Raising funds Charitable a¢tivities (2,494) 19,025 (2.494) 173,931) 54,906 Total ¢xp¢nditure 21,519) 54,906 76,425) Net in¢ome 24,810 12,259 J7,069 Net mov¢ment in funds 24.810 12,259 37,069 Reconeiliation of fund5 Total funds brought forward Total funds carrted forward 18.938 54,087 73,025 17 43.748 66,346 110,094 All of the charity's activities derive from continuing operations during the above two periods. The fl￿d5 breakdown for 2023 is shown in note 17. The notes on pages 16 to 23 forni an integral part of these financial statements. Page 14 Learning for Life UK Limited (Registration number: 04662849) Balance Sheet as at 31 mai.ch 2024 2024 2023 Note Current a.ssets Debloi's Cash al bank and in hand 13 14 3,684 90,075 121,362 93,759 121,362 Creditors: Amouiits falling due within one year 15 (6.631 (11,268) Net assets 87.128 110,094 Fiiiids of tlic charity: Restricted income fiiiid5 Reslricled funds 17 44,964 66,346 Unrestricted income (unds Unreslricled funds 42,164 43,748 Totgl fuJid5 17 87,128 110,094 Tror the financial year ending 31 March 2024 the charity was entitled to exemption from audil under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the cliarity lo obtain an audit of its accounts for the year in question in accordance with section 476. and The direcloi's acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of accounts. Thc finc1ncial statements on pages 14 10 23 were approved by the trustees, and authoi'ised for issue on 23 Decemb¢r 2024 and signed on their behalf by: P Tengra Trustee The note5 on pages 16 to 23 fonn an integral part of these financial stateinents. Page 15 Learlling for Life UK Limited Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status lkne chaiity is liinited by guarantee, incorporated in England & Wales, and consequently does not l)ave sljare capital. Each of the irustees is liable to coi)tribute an amount not exceeding £Nil towards the assets of thc charity in the event of liquidation. The address of its i'egistered offlce is.- 9 Berners Place London WIT3AD 2 Accounting policies Summary of signlfieant Accounting policies and key accounting eslimates The principal accounting policies applied in the preparation of these financial Statements are set out below. These poliei¢s have been consisteiitly applied to all the years presented, unless otherwise slated. StAtemeii¢ of compliance The financial statements have been prepared in accordance with Accounting and Repoi'ling by Cl)ai'ities'. Statement of R¢cominended Pi'aclice (applicable to charities preparing Ihetr accounts in accordaiice with the riiiancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (iSSLied in October 2019) (Charities SOIiP (FRS 102)), the Financial Reporting Siandai'd applicable in ihe LJK and Republic of Irelaiid {FRS 102) and the Companies Aci 2006. Basis of prep¥ration Leainiiig for Life UK Limited meets Ihe defiiiiiion of a public benefit entity undei- FRS 102. Assets and liabilities al'e initially recognised al historical cost or trdnsaclion value unless otherwise slated in the relevant accounting policy notes. Going con¢¢rii 'I'he trustees considei. Il)at there are no material uncertainties about the charity's ability to continue as a goÈng coiicern nor any significant areas of uncertainty that affect the carrying value of assets held by the chaiily, lii¢ome alid endowjnents All income is i'ecognised once the charity ha5 entitlement lo the income. il is probable that the income will be received and the amount ofthe income receivable can be measured r¢liably. Dviialloiis uiiil legacies Donations are i'ecognised when the charity ha5 been notified in writing of both the amount and 5ettleinent date. In the event that a donation is subject to conditions that requii-c a level of perforn]ance by tlie charity before the charity is elltitled to the funds, the income is deferred and not recogiiised until either those conditions are fully mel, or the fulfilment of those coiiditions is wholly within the control of the cliarity and it is probable that these conditions will be fuifElled in Ihc ieporting period. Page 16 Learning for Life UK Limited Notes to the Financial Statements for the Year Ended 31 March 2024 I xpenditure All expendituj'e is recognised once tliere is a legal or conslruclivc obligation to that expenditure, il is pi'obable settlement is required aiid the aniount can be measuj-ed reliably. All costs ale allocated to the applicable expendithi'e heading that aggregate similar costs lo that category. Whei'e costs cannot be dtrectly attribuled to particulai. headiiigb 11)ey liave been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the poi'tion of the asset's use. Other support costs ait allocated based on the spread of staff costs. Ralslngfiiii