Company registration number: 062451 OJ
Charity registration number- 1120694
Charnwood 20:20
known as
Love4Life (and previously Twenty Twenty)
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended ) l March 2024
Community Accounting Plus
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Contents
Reference and Administrative Detai15
Trustees, Report
2to8
Independent Examiner's Report
Statement of Financial Activities
Ioto I
Balance Sheet
12
Notes to the Financial StateTnents
13to22

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Reference and Administrative Details
Truslees
Jonathan Kerry, Chair
Fiona Cook
Ben Ellis
Cathy Robinson
Paula Robertson
Sima Bodalikar
Holly Nock
Sandra Wiggins
Louise Adams
Secrelary
Senior Management Team
Louise Adams
Chrislian Peat
Karley Barber
Charity Registration Number
120694
Company Regislration Number
06245 IOJ
Registered Office
Unit 15. JO Meadow Lane
LouJJborough
LEII IJY
Independent Examiner
John O'Brien, employee of
Community Accounting Plus
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL
Page I

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report together with the
financial statements of the chariiable company for the year ended J l March 2024.
Truslees and officers
The trustee5 and otTicers serving during the year and since the year end were as follows:
Trustees"
Jonathan Kery, Chair
Fiona Cook
Ben Elli5
Cathy Robinson
Amy Petterson (resi.(med 22 May 202J)
Mark Vyner (resigned 22 January 2024)
Paula Robertson
Sima Bodalikar (appointed 22 May 202))
Holly Nock (appointed 22 May 202J)
Sandra Wiggins (appointed 6 November 202))
Secretary:
Joanne Heldreich (resi.(med 22 May 202))
Louise Adams (appointed 22 May 2023)
Structureg governanee and management
Il'ature ofgoverning documenl
The charity Chamwood 20:20 ￿'aS founded and incorporated as a company limited by guarantee on the I Ith
May 2007, and its registered number under the Companies Aci 1985 is 0624510). It is a registered charity in
England and Wales, number 1120694. It now trades as "Love4Life' and previously was "TwentyTwenty
The charitable company is limiied by guarantee without having a share capital and the liability of the members
is limited to £1 each. The charitable company is governed by its Articles of Associaiion as amended on 13 April
20?2.
Recruilpnenl and appoinlmenl oflru51ee5
Prospective trnstees fill in an application forni, this is assessed by the Chair and CEO. A conversation between
the prospective trustee and CEO happens to infonn them further about the charity. The Chair and another
member of the trnstee team meevinterview. they are invited io a board meeting and then decide if they would be
recruited to the position.
Page 2

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Trustees, Report
Objectives and activities
Objects and aims
Love4Life is run by a dedicated team committed to making a difference in the lives of young people.
Love4Life began in response to a grow.ing concern for the well-being and self-esteem of girls from an estate in
Loughborough. Since then our service has gro￿￿ to work across more areas of deprivation in Leicester,
Leicestershire and Derby, supporting hundreds of vulnerable young people every. year.
We specialise in supporting vulnerable girls aged 11-18 to develop their self-esteem and fonn positive and
empom'ering relationships by delivering Love4Life groups, one-t(Fones and workshops in secondary schools and
in the community.
Love4Life delivers targeted relationship and sex education to support young people facing diificulties in these
areas. We provide honest and age-appropriate resources to help them understand their sexual health, how to stay
safe and the potential risk of sexual exploitation.
All of our work embeds positive self-worth. body image and the handling of emotions in order to help a young
person become more resilient. Our belief is that once young people feel good about themselves are more likely
to make positive choices in their health and relationships.
Our aims, objectives and consequent activitie5 are all desi(Fned and delivered with regard to the Charity
Commission guidelines on public benefit. Our work directly benefit5 the young people. none of whom pay for
any of our services. As they make progress in themselves. the benefit to them extends to their families and
communities and the agencies that may have refeffed them to us.
The Charity s objects are..
a) to provide for the public benefit, community projects promoting education. training, the relief of
unemployment, good health and recreational and other leisure-titne occupation in the interests of social welfare
for person5 who have need by reason of their youth. poverty OT social and ecoT]omic Circumstances with the
object of improving their conditions of life in CharnwiK)d. Lou(
.hborough and in such other parts of the United
Kingdom or the world as the trustees may from time to time think fit- and
b) to fulfil such other purposes ii.-hich are exclusively charitable according to the law of England and Wales and
are connected with the charitable work olthe charity.
Objeclives, stralegies and activilie5
We provide support to young people aued 11-18. We hold=
One-to-ones - young people M'ho are in need of specific. targeted support receive 12 weeks of hourly sessions
with a dedicated youth worker. These sessions take place either in school or in a safe space in the community.
Love4Life Groups 4mall ￿'¢¢klY groups w.ith a maximum of 12 young people. A safe social space where they
feel siipported alongside a group of young people with similar experiences. Our Love4Life groups offer fun,
creative activities and group discussion as a means to explore important topics.
Public benefit
These activities benefit young people aged 11-18 who are disadvantaged or vulnerable within society. The
young people we work with are more likely to stay in education, have better physical aTJd mental health and
engage in healthier relationships.
Page i

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Trustees, Report
The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 201 I to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Love4Life's core support services consist of one-tfrone mentoring sessions and Love4Life groups, which can be
held in schools or in the community.. We are a ￿llY referral-based service, accepting referrals from parents,
schools, professionals and young people aged 16+
This allows us to focus our support on the girls who need us mosL particularly those disengaged from school or
coming from disrupted home backgrounds.
.h demaT]d for our work acr055 Leicestershire, Leicester and Derby
In 23-24, we have continued to experience hiu
as the skills of our staff have enabled our reach and sUPPOrt to expand. and our reputation to grow stronger. We
continue to see higher incidence of complex needs amongst )'oung people accessing our services, in particular
growing mental health concerns, with statutory support being stretched and waiting lists growing longer, often
into years. Schoo15 have a150 told us that their pastoral support Is increasingly stretched.
Our delivery expanded throughout the 23-24 period. and we undertook 16 Love4Life groups throughout our
delivery area of Leicestershire. Leicester and Derby. We had new groups starting iv) Derby and Leicester and
expanded into Coalville. Other groups have moved venues lo ensure best coverage. and others have closed as we
ensure the areas supported are those communities in the mosl need. As our groups are purposefully small, we
have worked hard to ensure groups are well attended. In total we supported ?64 young people through our
groups and 230 through our 1-2-1 interventions. We have also increased our team size, employing 2 new
full-time youth workers, giving us the capacity to work with more young people.
494 young people have been sUPPOrted this year. and 960/0 of thetn tnade progress in at least one of the areas we
target. 880/0 reported increases in self-e5teem, 880/0 increased their confidence. and 840/0 increased their
understanding of healthy relationships. 750/0 of young people made progress in all three areas.
Our Relationship and Sex Education {RSE) work has increased. and this is Proving to be a valuable resource to
help expand the name of Love4Life and also as a way of diversifying our income. assisting us to create a
broader fiindraising strategy. RSE helps us to increase the confidence of more youTJg people, ensuring they have
high quality. accessible inforniation that M'ill build their understanding of healthy relationships and empower
them to make positive decisions aboui ihemselves.
Page 4

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Trustees, Report
Life
Our holiday events programme has grown, and we have started to be able to track the engagement of
participants in these events. The holiday activities give girls another chance to engage with others, and practice
the skills they have been leaming in groups and 1-2-1's. This year we provided IJ Opportunities for young
people to meet up. make friends and experience positive self-esteem building activities during a time where
many young people can feel isolated and left out.
After having to scale back our fundraising last year. we have been successful in our activities this year. At the
beginning of the financial year. we created a ne￿. Cominunity Fundraiser role. This ha5 enabled us to expand
our comTnunity engagement in fundrai5in£ and have started to run our owi event5 as a source of income. We
decided to diversify our fundraising strategy through a Major Donors prograTntne, which has proven to be
successful, securing 3 major donors this year. All major donors have agreed to support Love4Life with
multi-year funding, helping to relieve sotne of the pressures that grant and trust fundraising is experiencing
across the charity sector. We were also successful in securing multi-year funding from Henry Smith Charity.
Our Youth Action Board is gaining confidence. They have assisted with interviews. planning our Celebration
event and were asked for their input by Leicester Cily Football Club in rewTiting their Equality Diversity and
Inclusion plan. They have taken part in fundraising events. boih fundraising and talk.ing about their personal
journeys with Love4Life. They have ￿¢¢n[lY chosen their own chair and are looking to set an agenda of work.
Page 5

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Trustees, Report
The annual celebration event was a big success this year with girls from all our delivery areas attending. We had
250 young people, parentslcarers. referrers and supporters in attendance. The night was filled with love, joy and
laughter as young people took to the stage to recile their own poetry, tell others about their joumey, and dancing
to demonstrate how. confident they have become.
¥dAykntto
Financial review
In 23-24 Love4Life raised £422,778, exceeding our fundraising budget of £417,232 and ended the year with a
surplus of £17,991, which more than covered the £15,115 deficit in the prior year.
The charity continues to diversify its income streams to ensure that the further expansion of Love4Life builds on
a stable financial foundation.
The charity finished the year V+'ith reserves of £169.756. in line with our policy to hold 3-6 months operating
Costs in reserve. We believe holding reserves to be an essential Safeguard in an ever more uncertain funding
environment, and during a time ol organi5ational growth. where we have a150 managed our cash position
carefully to ensure financial resilience.
We ￿'0￿ld particularly like to say huge thank you to our many funders. who continue to believe and invest in us
in order to see fantasti¢ results for young people.
Policy on reserves
Our policy is to have between 3-6 months of reserve5. In an unstable financial clivnate with the cost of living
crisis we believe this is essential $0 we can ensure services coniinue. This level of reserves helps to ensure
continuity as we diversify our income streams.

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Trustees, Report
Principal risks and uncertllinlies
RelionLe on Irusls andgranifiinding
We are heavily reliant on trusts and grant funding. Many of these are oversubscribed in the current clirnate. We
are diversifying our income: we are expanding our income from Corporate Parnerships. and cornrnunity
fundraising. Our paid for RSE work has been growing and we are looking at how we ensure this remains a good
source of income as a basis to our charitable w'ork.
Plans for future periods
Aims and key objective5forfulureperiod5
Our plans for the future continue to grow. in a secure fashion. ensuring we Can underpin our work with funding
as we go. We brought fon4.ard our plans to employ a new youih worker in Derbv, replacing the need for a
sessional worker. This is proving to be vllal in ensuring we can provide increasing capacity for 1-2-1's. We will
be increasing the number of groups to 17, targeting growth in Leicesier City.
We will be increasing our dala, monitoring and impact measurement and are going to create a way of capturing
the future outcomes of our young people. Helping us to reflect the ongoing impact of Love4Life for young
people.
The Youth Action Board will continue to meet during school holiday time, and we are recruiting new young
people to this to ensure each area is represented.
We have developed a robust fundraising plan and are looking foN'ard to increasing our engagement with the
communities that ￿'e Serve through an eitensive calendar of activities. We are looking to develop our offer to
local companies to unlock further fundraising opportunitie5 and awarene55 Wlthin the areas we work, whi15t
underpinning and securing our future work.
Statement of Responsibilities
The trustees {who are also the directors of CharniA'IKyd ?0=20 for the pury)oses of cotnpany law) are responsible
for preparing the trustees, report and ihe financial staiements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS
102 "The Financial Reporting Standard applicable in ihe UK and Republic of Ireland" The report and accounts
have been prepared in accordance wilh the provisions in ihe Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial 5tatetnents for each financial year. Under company law
the trustees must not approve the financial statements unless they are Satisfied that they give a true and fair view
of the state of affairs of the charitable compaTJy and of the incoming resources and application of resources,
including its income and expenditure, of the charitable company for that period. In preparing these financial
statements. the trustees are required to-
select suitable accounting policies and apply them consistently-
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent;
state whether applicable accounling slandards. comprlsing FRS 102 have been followed, subject to any
material departures disclosed and explained in the financial statements. and
Page 7

Charnwood 20:20
known as Love4Life {and previously Twenty Twenty)
Trustees. Report
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitsble company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detectioTh of fraud and other irregularities.
The trustees are responsible for the maintenaThce and integrity of the corpordte and financial inforn]ation
included on the charitable cornpaTh￿s website. Legislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 4 September 2024 and signed on its behalf by:
Jonath
Trustee
Kerry
Page 8

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Independent Exarniner's Report to the trustees of Charnwood 20:20 ('the Company,)
Independenl examiner's report to ihe Iruslees of Charnwood 20:20 ('the Company,)
I report to the charity trustees on my examination of the accounts of the company for the year ended J l March
2024.
Responsibilities and ba515 of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself that the accounls of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the
2011 Act.
Independent examiner'5 5talement
Since the Companv's gross income exceeded £?50.000 your examiner must be a member of a body listed in
section 145 of the 201 l Aci. I conflnn that l am quallfied to undertak'e the examination because l am a member
and Fellow of the Association of Charity Independeni Examiners. which is one of the lisled bodies.
I have completed my examination. I confirni that no 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 Company as ￿qUIred by section J86 of the 2006 Act. or
2. the accounts do not accord with those records- or
3. the accounts do not comply with the accounting requirements of section J96 of the 2006 Act other th￿7 any
requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an
independent examination- or
4. the accounts have not been prepared in accordance with the tnethod5 and principle5 of the Statement of
Recommended Practice for accounting and reporting by Charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS I 0?)].
I have no concerns and have come across no other matters in connection with the examination to which attention
should be draw￿ in this report in order to enable a proper understanding of the account5 to be reached.
John O'Brien L￿1)c, FAIA. FLLA. FCIE. employee of Community Accounting Plus
Fellow of the Association of Charity Independent Examiners
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL
0610912024
Page 9

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Ineome and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestrieted
funds
Restricted
funds
Tolal
2024
Total
2023
Note
Income and Endoivments from:
Donaiions and legacies
Charitable activities
154,i62
154,362
268,416
120,300
179,757
2)7,662
Total income
185.116
2J7,662
422,778
JOO,057
Expenditure on:
Charitable activities
(95,072)
(309.715)
(404.787)
(315,172)
Total expenditure
(95,072)
(309.715)
(404.787)
(315,172)
Net incomel(expenditure)
Transfers between funds
90,044
(7?,053)
(72,05))
17,991
(15,115)
Net movement in funds
17.991
17,991
(15,115)
Reconcilialion of funds
Total funds brought forward
151,765
151,765
166,880
Total funds Ca￿led fO￿ard
17
169,756
169,756
151,765
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for the period is shown in note 17.
Type text here
The notes on pages 13 to 22 forni an integral part of these financial statements.
Page 10

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Ineome and Expenditure Account and Statement of Total Recognised Gains
and Losses)
These are the figures for the previous accounting period and are ineluded for comparative purposes
Unrestricted
Restrieled
Total
funds
funds
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
120,300
120,300
179,757
148,456
Total income
151,601
148,456
300,057
Expenditure on:
Charitable activities
(49,195)
(265.977)
(315,172)
Total expenditure
(49,195)
(265.977)
(J15,172)
Net incomel(expenditure)
Transfers between funds
102,406
(117.521)
(117,521)
117,521
(15,115)
Net movement in funds
(15,115)
(15,115)
Reconciliation of funds
Total funds brought forward
166,880
166,880
Total funds carried forward
17
151,765
151,765
The notes on pages 13 to 22 forni an integral part of these financial statements.
Pagell

Charnwood 20:20
known as Love4Life (and previously Twenty Twenty)
(Registration number: 06245103)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tan¢yible assets
1,749
4.152
Current assets
Debtors
Cash at bank and in hand
10
8,090
254.OOJ
13,710
200,224
262,093
213,934
Creditors: Amounts falling due within one year
12
(94,086)
(66,i21)
Net current assets
168,007
147,613
Net assets
169,756
151,765
Funds of the charity:
Unrestricted income funds
Unrestricted fimds
169,756
151.765
Total funds
17
169,756
151,765
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small ¢oJnpanies.
Directors, responsibilities-
The members have not required the charity to O￿ain an audit of its accounts for the year in question in
accordance with section 476- and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies
subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 10 to 22 were approved by the trustees, and authorised for issue on 4
September 2024 and signed on their behalf by:
Jonat
Trustee
n Kerry
The notes on pages 13 to 22 forni an integral part of these fjnancial statements.
Page 12

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
l Aecounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the prepardtlon of these fmancial slatements are set out below.
These policies have been conslslently applied to all the years presente(L unless othenvise slated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019)
(Charities SORP (FRS 102}). the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis ofpreparalion
Charnwood ?0-20 meets the definition of a public benefit entity under FRS 102. A5set5 and liabilities are
initially recognised at historical cost or transaction value unle55 Othenwise stated in the relevant accounting
policy notes.
Going concern
The financial Statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to
continue as a going Concern. The twstees make this assessment in respect of a period of one year from the date
of approval of the financial $￿teMentS.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charilies the Board of Trustees h&s chosen not to include a Statement
of Cash Flows within the financial slalements.
Income and endowmenls
Volunlary income including donations. gifts. legacies and grdnts that provide core funding or are of a geiieral
nature is recognised ￿'hen the charity has entiilement to the income, it is probable that the income will be
received and the amount can be measured ￿'1th sufficient reliabllity.
Donalions and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
In the event that a donation is subjecl to condilions thal require a level of perforniance by the charity before the
charity is eniitled to the funds, the income is deferred and not recognised until either those conditions are fully
met, or the fulfilrnent of those conditions is M'holly within the control of the charity and it is probable that these
conditions will be fulfilled in the reporting period.
Page li

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where perfomiance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the
period for which, it has been received. Such income is only deferred when=
The donor specifies that the grant or donation tnust only be used in future accounting periods. or
The donor has imposed conditions which must be met before the charity ha5 unconditional entitlement.
Expenditure
All expenditure is recognised once there is a legal OT constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that categorv. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consisteTJt with the use of resources, with central staff
costs all(xated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of sthff costs.
Charilable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs thai can be allocaied direcily to such activities and those costs of an
indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation purposes. Accordingly. the
charity is potentially exempt from taxation in respect of income or capitsl gains received within categories
covered by Chapter J Part I l of the Corporalion Tax Aci 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £600.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fjxed assets so as to ￿TIte off the cost or valuation, less any estimated
residual value, over their expected useful economic life as folloM'.s=
Asset class
otfice equipment
Computer equipment
Depreciation method and rate
2 jQ/o on a reducing balance basis
JJ.JJ /0 on a straight Ilne basis
Page 14

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise 501d or Services performed in the ordinary
course of business.
Trade debtor5 are recognised initially at the transaction Price. They are subsequently measured at amortised cost
using the effective interest metho(L less provision for impairment. A provision for the impairnient of trade
debtors is established when there is objective evidence that the charity will not be able to collect all amounts due
according to the original tern)s of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounls payable are classified as current liabilities if the charity does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, the). are presented as non-current liabllitles.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.
Fund strueture
Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of
the objectives of the charity. 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 flnancial statements.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further
contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to
employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are
due. If contribution payments exceed the contribution due lor service, the exce55 is recognised as a prepayment.
Page 15

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
2 Grants & donations
Unrestricted
funds
Reslrieled
funds
Total
National Lottery Community Fund
Henry Smith Charity
Trusthouse Charitable Foundation
Garfield Weston
Cheverton
Celia MacKay Charitable Trust
Richard MacKay Charitable Trust
Swire Charlthble Trust
BBC Children in Need
Masonic Charitable Trust
People Zones
Mountsorrel Relief
St James, Place Charitsble Foundation
Katey Jorgensen
Brush Foundatlon
The Benefact Trust
The Access Foundation
The Edith Murphy Fund
Carlton Hayes Mental Health Charity
The Souter Foundation
Oakland Foundation
Scott Bader Grant
Brian Murtagh Charity
Corporate donations
Other grants and donations <£2,500
56,845
i8,900
26,150
22,500
20,000
14,583
12,500
11,250
10,000
8,000
56,845
26,150
22,500
20,000
12.500
11,250
10,000
8,000
5,000
2,500
5,000
2,500
62,500
62,500
6,500
5,000
5,000
4,000
4,000
6,500
5,000
5,000
4,000
4,000
2,500
2,500
22,743
28,157
24.657
3.500
154.369
237,662
392,024
Page 16

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Income from donations and legacies
Unrestricted
fund5
General
Total
2024
Total
2023
Donations and legacies.
Donations from companies, trusts and similar
proceeds
Donations from individuals
Grants, including capital grants-
Grants from other charities
15,025
6,161
6,100
6,100
1?5,519
125,519
99,114
154,362
154,362
120,300
4 Income from charitable activities
Unreslricted
funds
General
Restricted
funds
Total
2024
Total
2023
Grants & donations
Fundraising & events
Other income
237,662
237,662
22,344
8.410
148,456
26,125
5,176
22,344
8.410
237.669
268,416
179,757
5 Expenditure on charitable activities
Unrestricted
funds
General
Restricted
funds
Tot21
2024
Total
2023
Staff costs
Travel & sub51Stence
Staff training
Rent & room hire
IT & communication costs
General adrnini5tration expenses
Professional fees & insurance
Depreciation
Sundry expenses
Other costs
71.625
254,7J9
10,404
9,912
2,927
9,984
326,364
10,404
9,212
8,125
243,462
6,146
5,529
7,575
8,266
3,440
10,694
3,105
306
26,649
5,198
2,949
2,145
5,097
2,811
2,145
5,097
2,811
?7,696
)09,715
404,787
315,172
Page17

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Net incomingloutgoing resources
Net incominty(outgoing) resources for the year include=
2024
2023
Depreciation of fixed assets
2,811
7 Staff Costs
The aggregate pa)ToII costs were a5 lollom's:
2024
2023
Starrcosts during the year were:
Wages and salaries
Social security costs
Pension costs
299,813
19,992
6,559
225,917
12,951
4,594
J26,364
243,462
The monthly average number of persons (including senior rnan￿ernent team) employed by the charity during
the year was as follom's..
2024
No
2023
No
A verage number of employees
16
13 (2023 - 10) of the above employee5 participated in the Defined Contrtbution Pension Schelnes.
Contributions to the employee pension schemes for the year totalled £6.559 (202J - £4,594).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management pe￿Onnel of the charity were £46,163 (202J - £57,069).
Page18

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Fees payable to independent examiner
During the period, the fees payable {excluding VAT) to the charity's independent examiner ale analysed as
follows:
2024
2023
Independent examination
1.325
1,200
1.325
9 Tangible fixed assets
Office
equipment
Computer
equipment
Total
Cost
At l April 2023
Addition5
2.125
8,681
408
10,806
408
At 31 March 2024
2,125
9.089
11,214
Depreciation
At l April 202J
Charge for the year
1,150
244
5,504
2,567
6,654
2,811
At J l March 2024
1.394
8,071
9.465
Net book value
At 31 March 2024
7il
1.018
1.749
At J l March 2023
975
4,152
10 Debtors
2024
2023
Trade debtors
Prepayments & accrued income
3,430
4,660
9,984
3.726
8,090
13,710
Page 19

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
I I Cash at bank and in hand
2024
2023
Cash on hand
Cash at bank
101
200,12)
254,00)
254,OOJ
200,224
12 Creditors: amounts falling due wiihin one year
2024
2023
Trade creditor5
Other taxation and social security
Accruals
Deferred income
1,135
5,323
5,518
82,110
2,745
4,587
4,970
54,019
94,086
13 Obligations under lea5e5 and hire purchase contracts
Operaling lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
Land and buildings
Within one year
4,112
3.916
Other
Within one year
Between one and five years
669
167
669
1,505
14 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the
trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of
liquidation.
15 Taxalion
The charity is a registered charity and is therefore exempt from laxation.
Page 20

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
17 Funds
Balance at
31 March
2024
Balance at
April 2023
Incoming
resources
Resourees
expended
Transfers
Unrestricted funds
General
General fund
151,765
185,116
(95,072)
(72,053)
169,756
Restricted funds
Restricted reserve
237,662
(309,715)
72,053
Total funds
151.765
42? 778
(404,787)
169,756
Balance al
31 Mareh
2023
Balance at I
April 2022
Incoming
resources
Resources
expended
Transfers
Unrestricted funds
Generol
General fund
166.880
151.601
(49.195)
(117,521)
151.765
Restricted
Restricted reserve
148,456
(?65,977)
117,521
Total funds
166,880
)00,057
(315.172)
151,765
The specific purposes for which the funds are to be applied are as follows:
The general reserve represents the free funds of the charity which are not designated for particular purposes.
The restricted reserve represents funds given for an intended purpose to support any specified area of work of
Love4Life. Transfers relate to unrestricted funds used to cover the overspend on restricted funds.
Funds received are expended for their intended PUTpose, in m05t cases within the same financial year.
Page21

Cbarnwood 20:20
knoivn as Love4Life (and previously Twenty Twenty)
Notes to the Financial Statements for the Year Ended 31 March 2024
18 Analysis of net assets between funds
Unrestricted
2024
Total funds
General
Restricted
Tangible fixed assets
Current assets
Current liabilities
1.749
179,98)
{11,976)
1.749
262,09)
(94,086)
82,110
(82,110)
Total net assets
169,756
169,756
Unrestricted
2023
Total funds
General
Reslrieled
Tanuible fjxed assets
Current assets
Current liabilities
4,152
159,915
{12,302)
4,152
213,934
(66,321
54,019
(54,019
Total net assets
151,765
151,765
19 Related party transactions
There were no related party transactions in the year.
Page 22