**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
1
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
2
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
3
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
4
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|
5
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|
|---|---|---|
||||
6
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...
7
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...
8
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...
9
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.
10
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
11
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
12