Company number 05650451 Charify number.. 1116802 It's Your Life (A Charlty Company Umlted by Guarantee. company number 05650451) Financial Statements and Trustees, Report for the year ended 31 March 2024 It's Your Life (A Charlty Company LlmSled by Guarantee, company nurnber 056504511 Index to the Financial Statements for thE ear ended 31 March 2024 PagÈ Index to the Flnanclal Ststements Charltable Company Informatton Trustèes. Report Statement of Tru5tees' Respon51bllltles Independent Exarnlnerfs Report Statement of Flnanclal Act5vltl¢s statement of Flnanclal Postlon statement ot Cash Flows 10 Accounilng Pollclfrs 11 Notes to the Accounts 12-16 Pa9& 2 It's Your Life IA Charlty Company Llmlted by Guarantee. company number OS650451) Charitable Company Information for the ear ended 31 March 2024 status: Ivs Your Lrfe is a company limited by guarantee and a registered charity govemed by ils memorandum arKI article5 of associalÉon. The direclors of the chartty are ils Iruslees for the purposes of charity law and throughout this report are collectively relerred to as Ihe Truslees. Charlty namè: Il's Your Life Company reglstratlon number: 05650451 (England & Wales) Charlty reglstratlon number. 1116802 Reglstered office: The Glasshouse 161 Old Ford Road London E2 9QB Operatlorss address: The Glasshouse 161 Old Ford Road London E2 goB Tfustses whts held office durlng the year. D Lews F Rahim M Shew)od B Thomas Chalr: Secretary: Senlor Management: D Lewis J Bame5 J Bame5 Independent Examlner: Anthony Arnistrong FCA Amistrong & Co Chartered Accounlants & SlatuloryAudilor 48 Printing House Yard Hackney Road London E2 7PR Banker5: Natlonal Westminster Bank PIC Belhnal Green London P3ye 3 It's Your Life (A Charlty Company Llmlted by Guarantee, company number 05650451) Trustees. Report, incorporating the Directors. Report for the year ended 31 March 2024 The Trustees of Irs Your Life present their reFOrt together wilh the financial slalements foi the year ended 31 March 2024. Trustees The Trustees ol the charity who hekj Olf￿ during Ihe year are di5ckJ%d on page 3. Governln9 Documenl 115 Your Life is a company Ilmiled by guarantee. incorwraled on 9 December 2005 and regislered as a charity on 15 November 2006. The company was eslablishecl urKler a Memordndum of Associat￿￿ which eslablished the objecis and powers of Ihe company and 15 govemed under ils Articles of Association. In the event of the cornpany being wound up members are ￿qUired lo contribute an amounl not exceeding £1 each. Rlsk mEtlgatlon The board has examine(l the principal aieas of the ¢hariVs operations and considered the major risks v4hich may arise in each or these areas. In the opinion ol the Truslees the chartty has esLibli5hed resources and review systems which, under normal condiLions. should allow the risks identif￿d by them lo miligaled lo an acceptab￿ level in ils day lo day Dperalions. Aclivltles Il's Your Life is a small dynamic charity wilh its roots in Tower Hamlets. Over the past 13 years. il has Iransfornied the lives of peop￿ with whom il works. The majority of its work lakes place in Tower Hamlets wilh pff)grammes also being delrvered in Newham and in Liverp￿1. Il's Your Life's principal focus is on Ihe education of vulnerable adults. children arKJ young people. bwho are often hard lo reach through conventional services. We recognise Ihat V￿ need lo ￿)rk hard lo make contacl wilh those need our seNices most and that they often have a complex range of problems. Invariably Ihis means Ihat they wll require holistic support, often requiring more than one prograrnme and needing support over an extended ￿riod of lime. We prowde 3 programmes which a￿ designed lo provide wde ranging services aimed al edvcaling, supportin9 and enabling not only the children themselves, bul also Iheir parents and lamilies. in order lo improve Iheir life chances. Ifs Your Future: Since April 2016 Tower Hamlets has commissioned Il's Your Life lo run a short lerm, part time, allemalive provision for secondary and primary pupils referred by Tower Hamlets schools. The prow$￿n 15 an earty inlervenlion for pup115 who are potentially al risk of pemianenl exclusion or a managed move lo anolher School. who need additional support lo address challenging behaviour5 or poor relationships Tmlh Staff or peers.11 is suitable for chiklren who rnay need an interim placement while they are on a reduced timetable al schth)l or who are changing schools loften IhE5e are 'hard lo place. pupils be￿¥een Tower Hamlels schoo15 or from a school in another boroughl- Schools refer pupils lo It's Your Life before the risk of permanent exclusion becomes a significant concern. 11 is not appropriate for children who require long le￿ speciallst provision and on averdge children spend no more th8ri three months on the Il's Your Future programme. The prcgramme aims lo build confidence, provide family support and maximise educational achievemenl. IVS Your Chll(f5 Llfe: Support5 Parents, equipping them with the lools needed lo prepare their children for success in school. Il's Your Child's Life b81ieves that in order lo lackle under achievement for the poorest Ghihjren we have lo addiess the poverty Ihal exi515 In the home. This includes povety of education and aspiralvJn. Our principal soluknon lo Ihis is a 12Thweek progrdmme and thereafter var￿u$ follow -up sessions that give parents the knovled9e. attitudes. skills and habils. along with support and confidence lo betier Iheir parenting and improve their relationships wilh their child's school. It's Your Communlty: sI￿ng1henS ties belween different members ol the community. by teaching new skills, encouraging social enlerprises and supporting positive family and community inleraclion. Our experience has shown that many members of our community possess skills that ale not often tapped into. We addres5 this by providing classes and groups lo develop existing and new skills. We provide the facilities, support and expertlse lo encourdge families and individuals to inleracl Ihrough a number ol different projects, or indeed sel up their own. which creates an inelusNe community. This enables arKI encourages adults lo make positive conlribuliDns ID the community and become aclNety involved in school and Iccal community initiatives. Page 4 It's Your Life {A Charlty Company Llmlted byGuarante¢, ¢¢)mpany number 05650451 Trustees, Report, incorporating the Directors. Report for the year ended 31 March 2024 Year In revlew Throughout this year, we have witnessed many positNe developments kntylhin our organisalion. Our three core progTamme5-11's Your Child's Life. Il's Your Future. and Ifs Your Community have continued lo provide vital support. engage individuals in innovative ways. and f05ter p05ilive change under the umbrella of our Community Education Zone. Thanks lo Ihe funding we received. Il's Your Life has strengthened 115 role a5 a key partner in the community, with young people, adults, and families actively participating in workshop5. course5. mentoring sessions, and b8nefiling from access lo clothing and educational resources. Our diverse range of COUT5e5 including Malhs, IT, Basic English, Sewing, Art, Gardening. and Parenl Courses along with one-off workshops. have supported a wide variety of learnir4J needs. Thi5 year has seen a number of p05ttive oulcomes. with many beneficiaries demonstrab'ng newfound confidence, forniiro new rriendships. and gaining increased ￿arnIng opportunities. Being silualed in the Bortsugh of Tower Hamlets, we are aeulely aware of the deep-rooled societal inequalities that impacl our community- The ongoing cost•o14iving Crisis has lesled the financial resilience of many families., however. our Community Education Zone has emerged as a beacon DI hope. providlng new oplirnlsm. opportLtnilies, skills. Our chlldren'5 clolhing bank and partnerships wilh local food banks have been crucial in helping indNiduals meel their basic needs This tremendous w)rk v￿uld nDI be p055ible 7•rithoul the dedicaled and tireless efforts of our staff and volunlary Iruslees. Our collaborative irnpacl is S￿nIfICant and plays a crucial rnte in t￿8b'ng a better future lor all of us. Like other chantles, we are siriwng to addrES5 increased demarKJ lor our service5 whilst Ihe resources available lo us are urKJer 8ver- increasing pressure and so we would like lo thank all our funder5. In parlicular. we are grateful for Ihe SUPPDrt we have received from trusts and foundations and the CDnfvJence ih05e charitsble organisalions have placed in us lo deliver services, c05t eflectivety lo those in need. Thank you for your unvrdvering sUPPOrt and commitment It is an hor￿Ur to serve as chair of such an oulslanding organisabon. Flnanclal Revltw Results for the year The results ol the perTrod and financial p051tion of the charity are sh¢y•m in the annexed financial stslements. The Statement of Financial Acltvilies shows nel expenditure for the year of £181.505 and reserves of £1 ￿,236. Tanglble fixed asse15 fDf use by the charity. Fixed asse15 are sel out in Nole 9 to the accounts. Resenies Pollcy The Trustee5 consider that a policy of holding a minimum ol three months income as a general reseNe is appropriate for the charity al Ihe present lime and in light of its present cirojmslances. Independent Examlntrr The Indepen(lenl Examiner, Anthony AmstrorvJ FCA of Armslrong & Co, Chartered Accountant and Statutory Auditor, has indicated his wllingnE55 to be proposed fw re-appoirblmenl. Thi5 reEM)rt has been prepared in accordance with Ihe special prowsions of Part 15 of the Companie5 Act 2(KJ6 relating 10 small companies. The financial stslemenls were approved by Ihe Board of Trustees on 28 November 2024 and slgned on its behall by.. D Lewis Trustee Paye 5 It's Your Life IA Charlty Company Llmhed by Guarnntee. Gornpany number 0565D451 Statement of Trustees. Responsibilities for the ear ended 31 March 2024 The Trustees (who are the directors of It's Your Life for the purpose of Company lawl a￿ ￿spOnSible for preparing Ihe Trustees, Annual Report and Ihe financial stalemenls in accordance with applicable law and United Kingdom Accounling Stsndards (United Kingdom Generally AC￿pIed Accounting Praclice)- Company law requires Ihe Trustees to prepare financial statements for each financial year which give a Irue and lair view of the slate of affair5 of the charitable company and of its iTrcoming resources and applicalKJn of resour￿5, including the income and expenditure, of the charitable company for that per￿d. In preparing these fInanC￿lIstateMentS. the Trustee5 are required lo-. al Select suitable accounting policies and appty them con5151entty', bl Observe the methods and principles in the Charities SORP: c) Make judgements and e51imales that are reasonable and ptudenl- dl Follow applicable accounling standards and slalements of recommended practice, subj'ect lo any material departures disck)sed and explained in the accounts., and el Prepare the financlal slalements on the going ￿nCern basis unless il is inappropriate lo assume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounbrw records which disclose wlh reasonable accuracy al any time the financial position of the charitable company and enable Ihem ID ensure Ihal the financial statemen15 cownply with the CDmpanies Act 2006 and charity tegislalion. They are also responsible for safeguarrling the as5els of Ihe charitable company and hen￿ for tsking reasonable Steps for the prevention and deieclioTr of Ifaud and other ineguLarities. Page 6 It's Your Life (A Charlty Company Llmlted by Guarantee, company number 05650451 Independent Examiner's Report to the Trustees of It's Your Lrfe I report on ihe accounts ol Il's Your Lrfe for Ihe period from 1 April 2023 10 31 March 2024. which are set out on pages 8 to 16. Th55 repMJrt15 made solely lo the Trustees as a body In accorthnce with 5eclion 145 of the Charities Acl 2011 Ilhe Charities Acti and regulalion5 mad8 under seclion 154 01 that Acl. My examinalion ha5 been undertaken so that l rnighl slate to the Trustees Ih05e matter51 am required lo slate lo Ihem in an independent examin2rf5 repDrt and for no olher purpD5e. To the fullest extenl permitted by law, I do not accept Dr assume responsibility lo anyone other than the comp3ny and the Ttuslees as a body, for my exafflination. for thi5 ￿port. or for Ihe opinions I have lomied. Re5pectlve rasponslbllltles of trustaes and examlner As described on page 6, the Twslees (who are also the directors of the cornpany for the purposes of COTnpany lawl are responsible for the preparation of Ihe accounls. The eharity'5 Trustee5 consider that an audit is r￿1 required lor thi5 year under section 144 of the Ihe Charitles Acl and that an independenl examination is needed. The charitys g￿55 income exGeeded £250.000 and l am quafified lo undertake the examination by being a qualified member of the Institule of Chartered Accountsnls in England and Wales IICAEW). Having satisfied myself that the charity is not subjecl lo audit under company law and is eligible for independenl examinalion, il is my responsibility lo.. a} examine Ihe accounts under section 145 of the Charities Act.. b) lo follow the piocedures laid down in the general DirectK)ns given by the Charity Commission under section 145151{b} of Ihe Charities Act- and c) lo state whelher particular matters have come to my attention. Basls of Independent gxamlnerf5 Statement My examination was carried out in accordance Trmlh the general Directions given by the Charity Cornrniss￿n. An examinaiion inGludes a review Df the accounting records kept by the chanty and a comparison of ihe accounis presenled I￿{h those records. It also include5 CDnsideralion of any unusual item5 or di5c105uies in the accounts. and seeking explanation5 frorn Ihe Trustee5 conceming any such matte￿. The proce11u￿ underlaken do nol provide all Ihe eviden￿ thal would be ￿QuIred in an audil, and consequently no oplnion is given as lo whether the accounts piesent a 'twe and fair vieyl and Ihe retxjrt Is limiled lo Ihose matters sel out in the statement below. Independent examlnerfs statement In connection wlh my examinab'on. no rnatter has come lo my attenl*Jn which gives me cause lo believe that in, any malerial respect.. accounting records V￿re not kepl in accordance with seciion 386 of the Companies Act 2(MJ6 A¢l, or the accounts do nol accord wilh such record5: or Ihe accounts do not comply wilh relevar)l accounting reqLrirements under 5ecliDn 396 of the CoTnpanie5 Act 2006 ulher Ihan any requirement that the accounts give a 'true and lairf view which is nol a mailer consKl8red as part of an independent examination- or the accounts have nol been prepared in accordance with the Charilies SORP (FRS1021. I have come across no other matters in connection vhlh the exarninalion lo which attenb'on shovkl be drawn in Ihls report in order lo enable a proper underslanding of Ihe account5 to be reached. Anthony Armstrong FCA. Independent Examlner of Amistrong & Co Chartered Accounlanls & Slaluto 4a Prlntlng House Yard Hackney Road London E2 7PR Audilor Datèd: 28 November 2024 Page 7 It's Your Life IA Charlty Company Llmlied by Guarantee. company nurnber 05650451) Statement of FSnancial Activities Incorporatlng the Income and expenditure account for the ear ended 31 March 2024 2024 2023 Unrnstrlthd Funds Rèsirlct•d Funds Total Funds Total Funds Nole5 Income from: Donaiions and legacies Charl13b￿ activities Incorne 3.823 101,444 3.823 175.815 2,153 586,830 2,000 74.371 Total Income 10S.267 74.371 179,638 S90.983 Expendlture on: Raising funds Charitabl2 activitie5 41,816 136.684 41,816 319,327 26,156 292.004 182.643 Total expendlture 178,500 182.643 361,143 318,160 Net Incomellexpendhure) and movement In funds (73.233) (108,272) (181,505) 272.823 Reconclllatfon of funds= Total fund5 brought forward 14 98.911 272,830 371,741 98.918 Total funds carrled forward 13 25.678 164.558 190,236 371,741 All incoming resources and resources expended are derived from conlinuiTrg actiwlies. The stalemenl of financial aclivilies incorporates an income and expenditure account. The accompanying accounting policie5 and notes forn an integral part ol these financial stalemenls. Page 8 It's Your Life (A Charlty Company Llmlted by Guarantee. company nurnber 05650451) Statement of Financial Postion as at 31 March 2024 31 March 2024 31 March 2023 Note¥ Flxed assets: Tangible assets Total fixed assets 137 670 137 670 Current assets- DebloT5 Cash al bank and In hand Total current ass¢ts io 11 110.506 76.933 187,439 258.031 111,70B 369.739 Credltcrs: amounts falllng duè wlthln onè year 12 2.660 1.332 Net Gurrent as5etsl{liabilities) 190.099 371,071 Total net assets 19).236 371,741 The ￿ndS of the charty. Restrlc18d incom8 fund5 Unrestricted funds 15 15 164,558 25.678 272,830 98,911 Tolal chayltyfunds 17 190,236 371,741 The director5 are satisfied thal Ihe company 15 entslled lo exemption from audit under Seclion 477 of Ihe Companies Act 2006 and Ihat no member or rnernbers have requested an audit pursuant lo section 476 of the Companies Act. The directors acknowledge Ihelr re5ponsibilltle5 for. li} ensuring that Ihe company keeps proper accounting records which coryly wilh SectK)n 386 of the Companies Acl 2006; and lill preparing financial stateTnents wh￿h give a Itue and fair view of the stale of affairs of the charitable comparby a5 al Ihe end of the financial year arKI of ils surplus or deficit lor the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which olheTrvise comply wilh Ihe ￿qUIreMents of this act relating to accounts. 50 lar a5 applicable lo Ihe ch3ritable company. These financ￿1 stolements have been prepared in accordance with the special provi5ion5 of Part 15 of the Companies Acl 2006 relaling to small companies and with the Financial Reporting Slandard 102. The flnanclal statements were approved by the Board of Truslees on 28 Novernber 2024 and slgned on115 behalf by: D Lewls Trusteè F Rahlm Trustee The notes on pages 11 to 16 fomj part of these accounts. Page 9 It's Your Life (A Charlty Company Llmlted by Guarantee, company nurnber 056504511 Statement of Cash Flows for the year ended 31 March 2024 Notes 2024 2023 Cash Ilows from operatlng actlvltles: Nel cash provided byllused inl operating activitie5 134,7751 15.525 Cash flows from Invesong aGlivtties: Change In cash and cash equivalents In the reporting period 134,7751 15.525 Cash and cash equlvalents at the beglnnlng of the reportlng peTlod Cash and cash equlvaknts al tho end of the reporting period 111.708 76,933 96.183 111,708 toth h Fl w Statement 2024 2023 11 Reconclllatlon of nel Incomel{expendltur8) to net cash Ilow from operatlng actlvltles Nel incomellexpendtlurel for the reporting period {as per Ihe slatemenl of financial activities) (181.5051 272.823 Adlustments for.. Depreciation charges Ilncreaseydecrease in deblors Increasel{decreasel in credito 533 147,525 11,328) 533 {256.7811 11,0491 Not cash provldod byl(u5ed In) operatlng actlvltles 34.775 15.525 2024 2023 21 Anatysls of cash and cash equlvalents Cash in harKI 76,933 111,708 Total cash and cash equlvalents 76,933 111.708 Page 10 It's Your Life IA Charlty Company Llmlted by Guarantee, Company number 05650451) Accounting Policies for the year ended 31 March 2024 Basls of preparatlon The financial 5talemen15 have been p￿pared in accordan¢e wilh: al Applicable UK accounling standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102).: bl Accounting and Reporling by Charit￿S- Statement of Recommended Practice applicab￿ lo charities preparing their accounts in accordance with the Financial Reporting SlarKlard applicable in the UK a￿1 Republic of Ireland (FRS 1021 (effective 1 January 20151- (Charities SORP FRS 102),. and c} the Companies Act 2006. Publlc benefil entlty The charilable company meels the defination of a public benefil entity under FRS 102. Golng ¢on¢ern The TrustEEs consider that the￿ are no material uncertainties about Ihe charitable companrfs ability lo contin￿e lo operale and accordingly the accounts have been prepared on a going concern basis. Income Tecognltlon Incorne is recognise(J when the charity has a conlraclual or other right lo its receipt. it is probable ihat the income wll be re¢eived and thal the amount can be measured reliably. Income with condilion5 attached to ils receipt is recognised when those condilKsns have been fulfil￿d. Grant Income Is recogn15ed on a receivable basis. Interest on funds hekj on deposit is in¢luded when re￿Nable and Ihe amunt can be measured reliably by the charity- this is nomially upon notif￿ation of the interest paKJ or payable by Ihe bank. Restricled Funds Re51ricted funds are lo be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified lo the fund l(MJelher with a fair allwalion of olher u)sts. Unrestrlcled Funds Unreslricled fund5 are funds recefved vknich have no restrictiDns placed on Iheir use and are available as genernl funds. Allocatlon of cosls Cosls are allocated directly lo projects vthere they can be identified as relatiryj solely lo that project. Other c0515 are allocated between the fvnds based on slaff brne spenl on the fur￿ aclivilies ￿ other appropriate crileria. Perbslons The charity operates defined c￿tribution schemes which are adminislefed by outside independent pension5 providers. Contributions payable for the year are charged lo the S￿leMent ol Financial Activities. Tanglbl& Flxod Assots Tangible fixed assets are staled at cost less deprecialion. Deprecialion is Fm¥ided al Ihe following annual rates in order lo write off each asset over its estimated useful life. Fixlures & equipment - 25% on cost Items of equipmenl are only capilalised Whe￿ the purchase price exceeds £200. Page11 It's Your Life (A Charlty Company LlmltEd by Guarontse, cornpany numbei 05650451) Notes to the Accounts for the year ended 31 March 2024 1 ID¢ornITbg re50urce5 The incoming resources and surplus are attributable to Ihe principal activities of the charity- 2 Net outgolng resources Net outgoing r850U￿eS are Stated afler Cha￿Ing." Independent Ex8minels fee5- reporknng service Independent ExamineVs fees- olher service5 Depreciation - owned assets 2024 2023 1,080 1,728 533 1.080 2.272 533 Trnstees. emoluments Emolumenls include salaries, fees. bonu5e5, expense allowances and eslimaled non