REGISTERED CHARITY NUMBER: 1112304
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
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 2025
| 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 | 9 |
| Detailed Statement of Financial Activities | 10 |
Learning for Life
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 26 January 2026 and signed on its behalf by:
D Reeves - Trustee
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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 2025.
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
26 January 2026
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Learning for Life
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 28,498 Investment income 2 183 Other income 5,018 Total 33,699 EXPENDITURE ON Charitable activities Client services 36,522 NET INCOME/(EXPENDITURE) (2,823) RECONCILIATION OF FUNDS Total funds brought forward 21,270 TOTAL FUNDS CARRIED FORWARD 18,447 |
Restricted funds £ 26,279 - - 26,279 21,279 5,000 10,000 15,000 |
31.3.25 Total funds £ 54,777 183 5,018 59,978 57,801 2,177 31,270 33,447 |
31.3.24 Total funds £ 100,030 262 5,303 |
|---|---|---|---|
| 105,595 | |||
| 84,833 | |||
| 20,762 10,508 |
|||
| 31,270 |
The notes form part of these financial statements
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Learning for Life
Balance Sheet
31 March 2025
| 31.3.25 | 31.3.24 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 6 | 4,406 | - | 4,406 | 5,183 | |
| CURRENT ASSETS | ||||||
| Cash at bank and in hand | 14,695 | 15,000 | 29,695 | 26,735 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 7 | (654) | - | (654) | (648) | |
| NET CURRENT ASSETS | 14,041 | 15,000 | 29,041 | 26,087 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 18,447 | 15,000 | 33,447 | 31,270 | ||
| NET ASSETS | 18,447 | 15,000 | 33,447 | 31,270 | ||
| FUNDS | 8 | |||||
| Unrestricted funds | 18,447 | 21,270 | ||||
| Restricted funds | 15,000 | 10,000 | ||||
| TOTAL FUNDS | 33,447 | 31,270 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 January 2026 and were signed on its behalf by:
D Reeves - Trustee
The notes form part of these financial statements
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Learning for Life
Notes to the Financial Statements for the Year Ended 31 March 2025
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. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 183 | 262 |
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continued...
Learning for Life
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| 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 30,377 Investment income 262 Other income 5,303 Total 35,942 EXPENDITURE ON Charitable activities Client services 25,180 NET INCOME 10,762 RECONCILIATION OF FUNDS Total funds brought forward 10,508 TOTAL FUNDS CARRIED FORWARD 21,270 |
31.3.25 1 Restricted funds £ 69,653 - - 69,653 59,653 10,000 - 10,000 |
31.3.24 1 Total funds £ 100,030 262 5,303 |
|---|---|---|
| 105,595 | ||
| 84,833 | ||
| 20,762 10,508 |
||
| 31,270 |
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continued...
Learning for Life
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 1 April 2024 and 31 March 2025 | 33,413 | |||
| DEPRECIATION | ||||
| At 1 April 2024 | 28,230 | |||
| Charge for year | 777 | |||
| At 31 March 2025 | 29,007 | |||
| NET BOOK VALUE | ||||
| At 31 March 2025 | 4,406 | |||
| At 31 March 2024 | 5,183 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.25 | 31.3.24 | |||
| £ | £ | |||
| Other creditors | 654 | 648 | ||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.24 | in funds | 31.3.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 21,270 | (2,823) | 18,447 | |
| Restricted funds | ||||
| Main Grants | 10,000 | (10,000) | - | |
| Awards for England | - | 15,000 | 15,000 | |
| 10,000 | 5,000 | 15,000 | ||
| TOTAL FUNDS | 31,270 | 2,177 | 33,447 |
continued...
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Learning for Life
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 33,699 Restricted funds Wiltshire Community Foundation 5,000 Main Grants - Other 1,279 Awards for England 20,000 26,279 TOTAL FUNDS 59,978 Comparatives for movement in funds At 1.4.23 £ Unrestricted funds General fund 10,508 Restricted funds Main Grants - TOTAL FUNDS 10,508 Comparative 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 |
Resources Movement expended in funds £ £ (36,522) (2,823) (5,000) - (10,000) (10,000) (1,279) - (5,000) 15,000 (21,279) 5,000 (57,801) 2,177 Net movement At in funds 31.3.24 £ £ 10,762 21,270 10,000 10,000 20,762 31,270 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 |
|---|---|
continued...
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Learning for Life
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.23 | in funds | 31.3.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,508 | 7,939 | 18,447 |
| Restricted funds | |||
| Awards for England | - | 15,000 | 15,000 |
| TOTAL FUNDS | 10,508 | 22,939 | 33,447 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 69,641 | (61,702) | 7,939 |
| Restricted funds | |||
| Wiltshire Community Foundation | 5,000 | (5,000) | - |
| Main Grants | 19,980 | (19,980) | - |
| Other | 1,779 | (1,779) | - |
| Awards for England | 20,000 | (5,000) | 15,000 |
| 46,759 | (31,759) | 15,000 | |
| TOTAL FUNDS | 165,573 | (142,634) | 22,939 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
10. RESTRICTED FUNDS
The charity;s restricted funds are utilised for the following purposes -
(i) Main Grants
Funds to provide personal development courses,advocacy and cost of living support.
(ii) Awards for England
Funds to support rental costs, salaries. advocacy and cost of living.
(iii) Other
Funds to provide cost of living support.
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Learning for Life
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (2) | (1) |
| Donations | 3,500 | 4,020 |
| Grants | 51,279 | 96,011 |
| 54,777 | 100,030 | |
| Investment income | ||
| Deposit account interest | 183 | 262 |
| Other income | ||
| Other income | 5,018 | 5,303 |
| Total incoming resources | 59,978 | 105,595 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 12,550 | 12,570 |
| Rent | 19,344 | 16,355 |
| Insurance | 1,178 | 1,588 |
| Postage and stationery | 2,609 | - |
| Sundries | 61 | 3,788 |
| Tutor fees | 15,810 | 27,078 |
| Travel and subsistence | 457 | 974 |
| Training and books | 1,080 | 497 |
| Maintenance and cleaning | - | 5,416 |
| IT Support | 405 | 163 |
| Cost of Living provisions | 2,140 | 13,583 |
| 55,634 | 82,012 | |
| Support costs | ||
| Management | ||
| Insurance | 589 | 794 |
| Professional fees | 654 | 962 |
| 1,243 | 1,756 | |
| Finance | ||
| Bank charges | 147 | 151 |
| Governance costs | ||
| Depreciation of tangible fixed assets | 777 | 914 |
| Total resources expended | 57,801 | 84,833 |
| Net income | 2,177 | 20,762 |
This page does not form part of the statutory financial statements
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