2024-03-31-accounts - Learning For Life Wiltshire

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REGISTERED CHARITY NUMBER: 1112304

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Learning for Life

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

Learning for Life

Contents of the Financial Statements for the Year Ended 31 March 2024

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Notes to the Financial Statements	5	to	10
Detailed Statement of Financial Activities	11	to	12

Learning for Life

Report of the Trustees for the Year Ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity aims to advance the education of people with disabilities, and carers, particularly, but not exclusively, in basic life and work skills.

FINANCIAL REVIEW

Reserves policy

The trustees' medium term aim is to reduce financial liabilities and begin to build up unrestricted reserves at a level sufficient to continue core activities for at least two months, which would also provide for costs incurred in the event of closure, including redundancy costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1112304

Principal address

The Shaftesbury Centre Percy Street Swindon Wiltshire SN2 2AZ

Trustees

D Reeves H Cannon M Parfitt

Independent Examiner

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

Approved by order of the board of trustees on 22 May 2024 and signed on its behalf by:

D Reeves - Trustee

Independent Examiner's Report to the Trustees of Learning for Life

Independent examiner's report to the trustees of Learning for Life

I report to the charity trustees on my examination of the accounts of Learning for Life (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christopher Vaughan

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

22 May 2024

Learning for Life

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 30,377 Other trading activities 2 - Investment income 3 262 Other income 5,303 Total 35,942 EXPENDITURE ON Charitable activities Client services 25,180 NET INCOME/(EXPENDITURE) 10,762 RECONCILIATION OF FUNDS Total funds brought forward 10,508 TOTAL FUNDS CARRIED FORWARD 21,270	Restricted funds £ 69,653 - - - 69,653 59,653 10,000 - 10,000	31.3.24 Total funds £ 100,030 - 262 5,303 105,595 84,833 20,762 10,508 31,270	31.3.23 Total funds £ 17,077 2,528 - 4,475 24,080 28,350 (4,270) 14,778 10,508

The notes form part of these financial statements

Learning for Life

Balance Sheet

31 March 2024

					31.3.24	31.3.23
		Unrestricted	Restricted		Total	Total
		fund	funds		funds	funds
	Notes	£	£		£	£
FIXED ASSETS
Tangible assets	7	5,183		-	5,183	6,097
CURRENT ASSETS
Cash at bank and in hand		16,735	10,000		26,735	4,729
CREDITORS
Amounts falling due within one year	8	(648)		-	(648)	(318)
NET CURRENT ASSETS		16,087	10,000		26,087	4,411
TOTAL ASSETS LESS CURRENT
LIABILITIES		21,270	10,000		31,270	10,508
NET ASSETS		21,270	10,000		31,270	10,508
FUNDS	9
Unrestricted funds					21,270	10,508
Restricted funds					10,000	-
TOTAL FUNDS					31,270	10,508

The financial statements were approved by the Board of Trustees and authorised for issue on 22 May 2024 and were signed on its behalf by:

D Reeves - Trustee

The notes form part of these financial statements

Learning for Life

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost and 15% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
	31.3.24		31.3.23
	£		£
Fundraising events		-	2,528

continued...

Learning for Life Notes to the Financial Statements - continued for the Year Ended 31 March 2024

3. INVESTMENT INCOME

Deposit account interest

----- Start of picture text -----
31.3.24 31.3.23
£ £
262 -
----- End of picture text -----

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

6.

Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 17,077 Other trading activities 2,528 Other income 4,475 Total 24,080 EXPENDITURE ON Charitable activities Client services 27,330 NET INCOME/(EXPENDITURE) (3,250) RECONCILIATION OF FUNDS Total funds brought forward 13,758 TOTAL FUNDS CARRIED FORWARD 10,508	31.3.24 1 Restricted funds £ - - - - 1,020 (1,020) 1,020 -	31.3.23 1 Total funds £ 17,077 2,528 4,475 24,080 28,350 (4,270) 14,778 10,508

continued...

Learning for Life

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7.	TANGIBLE FIXED ASSETS
				Fixtures
				and
				fittings
				£
	COST
	At 1 April 2023 and 31 March 2024			33,413
	DEPRECIATION
	At 1 April 2023			27,316
	Charge for year			914
	At 31 March 2024			28,230
	NET BOOK VALUE
	At 31 March 2024			5,183
	At 31 March 2023			6,097
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.24	31.3.23
			£	£
	Other creditors		648	318
9.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.23	in funds	31.3.24
		£	£	£
	Unrestricted funds
	General fund	10,508	10,762	21,270
	Restricted funds
	Main Grants	-	10,000	10,000
	TOTAL FUNDS	10,508	20,762	31,270

continued...

Learning for Life

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
35,942
Restricted funds
The National Lottery Community Fund -
Community Organisations Cost of Liiving
Fund
24,175
Post Code Local Trust
24,998
Main Grants
19,980
Other
500
69,653
TOTAL FUNDS
105,595
Comparatives for movement in funds
At 1.4.22
£
Unrestricted funds
General fund
13,758
Restricted funds
Lloyds Bank
1,020
TOTAL FUNDS
14,778
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
24,080
Restricted funds
Lloyds Bank
-
TOTAL FUNDS
24,080

Resources
Movement
expended
in funds
£
£
(25,180)
10,762
(24,175)
-
(24,998)
-
(9,980)
10,000
(500)
-
(59,653)
10,000
(84,833)
20,762
Net
movement
At
in funds
31.3.23
£
£
(3,250)
10,508
(1,020)
-
(4,270)
10,508
Resources
Movement
expended
in funds
£
£
(27,330)
(3,250)
(1,020)
(1,020)
(28,350)
(4,270)

continued...

Learning for Life

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.4.22	in funds	31.3.24
	£	£	£
Unrestricted funds
General fund	13,758	7,512	21,270
Restricted funds
Lloyds Bank	1,020	(1,020)	-
Main Grants	-	10,000	10,000
	1,020	8,980	10,000
TOTAL FUNDS	14,778	16,492	31,270
A current year 12 months and prior year 12 months combined net movement in funds, included in the above
as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	60,022	(52,510)	7,512
Restricted funds
Lloyds Bank	-	(1,020)	(1,020)
The National Lottery Community Fund -
Community Organisations Cost of Liiving
Fund	24,175	(24,175)	-
Post Code Local Trust	24,998	(24,998)	-
Main Grants	19,980	(9,980)	10,000
Other	500	(500)	-
	69,653	(60,673)	8,980
TOTAL FUNDS	129,675	(113,183)	16,492

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

continued...

Learning for Life

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

11. RESTRICTED FUNDS

The charity;s restricted funds are utilised for the following purposes -

(i) The National Lottery Community Fund - Community Organisations Cost of Living Fund Grants to provide cost of living support
(ii) Post Code Local Trust

Funds to provide personal development courses, counselling and advocacy.

(iii) Main Grants

Funds to provide personal development courses,advocacy and cost of living support.

(iv) Other

Funds to provide cost of living support.

Learning for Life

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities for the Year Ended 31 March 2024
	31.3.24	31.3.23
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Gifts	(1)	-
Donations	4,020	102
Grants	96,011	16,975
	100,030	17,077
Other trading activities
Fundraising events	-	2,528
Investment income
Deposit account interest	262	-
Other income
Other income	5,303	4,475
Total incoming resources	105,595	24,080
EXPENDITURE
Charitable activities
Wages	12,570	8,263
Rent	16,355	1,326
Insurance	1,588	755
Postage and stationery	-	36
Sundries	3,788	-
Tutor fees	27,078	12,072
Travel and subsistence	974	100
Training and books	497	-
Maintenance and cleaning	5,416	78
Counselling	-	2,726
IT Support	163	352
Cost of Living provisions	13,583	-
	82,012	25,708
Support costs
Management
Insurance	794	378
Professional fees	962	18
	1,756	396
Finance
Bank charges	151	151
Governance costs
Depreciation of tangible fixed assets	914	2,095

This page does not form part of the statutory financial statements

Learning for Life

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
	31.3.24	31.3.23
	£	£
Total resources expended	84,833	28,350
Net income/(expenditure)	20,762	(4,270)

This page does not form part of the statutory financial statements