Company registration nurnber- 06245103 Charity retristration nurnber: 1120694 Charnwood 20:20 known as Love4Life (and previously Twenty Tiventy) (A company limited by guaraiitee) Annual Report and Financial Slatements for the Year Ended 31 March 2025 Coinmunity Accounting Plus Ui)its l & 2 North West 41 Talbot Street Nottingham NGI 5GL
Charnjvood 20:20 known as Love4Life (and previously TTrventy Twenty) Contents RefeiTn¢e and Administrative Details Trustees, Report 2to8 Independent Examiner's Report ststeinent of Finaiicial Activitie5 Balance Sheet Notes to the Financial Slalernents 13to2?
Charnwood 20:20 known as Love4Life (and previously Tiventy Twenty) Reference and Administrative Details Trustees Jonathan Kerry, Cliair Fiona Cook Ben Ellis Paula Robertson Sima Bodalikar Holly Nock Sandrn Wiggii)s Louise Adams Secretary Senlor Man8gement Team Louise Adams Christian Peat Charity Registration Number 1120694 Comp&ny Registration Number 06245103 Registered Office Unil 15, 30 Meadow Lane Loughborough LEII IJY Independent Eximintr Jolin O'Brien, employee of Community Accounting Plus Units l & 2 North Wesl 41 Talbot Street Nottingham NGI 5GL Page I
Charnwood 20:20 known as Love4Life (and previously Twenty Tiventy) Trusteesl Report Tiie trustees. Ivlio are directors for ilie puOseS of cornpany law, present ilie annual report togetlier witl) tlie financial statements of the charitable company for the year ended J l MaTcI) 2025. Trustees and offieers The trnstees and officers serving durino the year and since the year end were as follows.. Trustees.. Jonathan Kerry, Chair Fiona Cook Ben Ellis Paula Robertson Sima Bodalikar Holly Nock Sandrn Wiggins Cathy Robinsoji (resign¢d 26 March 2025) Secretary.. Louise Adams Structure. govern#nee and management NalHre ofgoverniiig document Tlie cliarity Charnwood 20.'20 was fouiided aiid incorporated as a company limited by guara111ee 011 tlie I Ith May 2007, and its registered number under the Companies Act 1985 is 06245103. It is a re£isiered cl)arity iii England and Wales, number 1120694. It now trades as"Lov¢4Life" and previously was "TwentyTiveiity" Tlie charitable company is limited by guarantee without having a share capital and the liability of the membei's is limited to £1 each. The charitable ¢ompaiiy is governed by its Articles of Association as aniended on 13 April 2022. Recruilmeiit aiid uppoiiiimeiit of lrnste£s Prospective trustees fill in an application fom. this is assessed by the Chair and CEO. A conversation between the prospective trustee ai)d CEO happens lo ii)forni them further about the charity. The Chair aiid anoil)er member of ihe trustee team meevintervlV, they are invited to a board meetiiig and theii decide if they would be recruited to the position. Pase ?
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Trustees, Report Objective5 and activities Objecls and aims Love4Life is run by a dedicated tean) committed to making a difference in the lives of young people. Love4Lif¢ began in response to a growing concern for the well-being and self-esteem of gir15 from an eslale in Loughborough. Since then our service has grown to work across more areks of deprivation iii Leicester. Leicestersliire 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 form positive and ei)Ipoweriiig relationships by delivering Love4Life groups, one40neS and workshops in secondary scliools and iii tlie comtnunity. Love4Life delivers tsrgeted relationship and sex education lo support young people facing diffiGulties in ihese areas. We provide honest at)d age-appropriate resources to help them understand tli¢ir sexual ljealth. how to stay saf¢ aiid ilie potential risk of sexual exploitalion. All of our work embeds positive self-worth, body image and the handling of emotions in order to help a young person beconie more resilient. Our belief is that once young people feel good about themselves are more likely to niake positive clioice5 in tlieir health and relationships. Our aiins, objectives and consequent octivities ar¢ all desigiied and delivered with regard to ihe Charity Commissioii guidelines on publi¢ benefit. Our work directly bei)efits tlie young people, none of iyhom pay for any of our services. As they niake progress in tliemselves. Ihe benefit 10 tl)em extends to their families aiid communities and the agencies that may have referred them to us. The Charity'5 objects are: a) to provide for the public benefit, community projects proinoting education, trdining, the relief of uneniployn)ent, good healtli aiid recreational and otlier Ici5ure-time occupation in the interesls of social welfare for persoiis ivho have need by reason of their yoiidi, poverty or social and econoinic circumstances with the objert of impioving their conditions of lifc in Chamwood, Loughborough and in sucli othei. parts of the United Kirtgdom oi. Ihe world as the trusf¢es may from lime to time ihiiik fit- and b) to fulfil such other purposes which are exclusively charitable according to Ihe law of England aiid Wales and are connected with the cliaritable WOTk of tlie charity. Objeclive5, Strft1egi and activilies We provide siipport to young people aged 11-18. We hold: One-to-ones - young people who are in need of 5pe¢ifi¢. targeted support receive 12 weeks of hourly sessions with a dedicated youth Worker. These session5 take place either in scliool or in a safe spaoe in Ili¢ eommuiiity. Love4Lif¢ Groups -small weekly groups with a maximum of12 young people. A safe social space where they feel supported alongside a group of young people with sirnilar experiences. Our Love4Life groups offer fun, creative activities and group discussion as 8 means to explore important topics. Public beiiefil These activities benefit young people aged 11-18 who are disadvantaged or vulnerable within 50CLety. The young people we work with are more likely to stay in education, have better physical and mental health and engage in Iiealthier relationships. Page 3
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Trustees, Report The trustees confinn that they have complied with the requiremeDiS of section 17 of the Charities Act 201 I to have due regard to ihe public benefit guidance published by the Charity Commission for England and Wales. Trustee Annual Report: 2024k2025 Over the ¢our5¢ of 2024-2025, Love4Life has continued to respond to signiftcant demand for our services across Leicestershire, Leicester. and Derby. Thanks to ihe dedication and expertise of our siaff team, our reach has grown, our support has deepened. and our reputation as a irusied youih organisation has flourished. The needs of the young people we support remain l)oth urgent and complex. Wilh ststutory services under immense strain, many young people are waiting up 10 a year for support. In ihe meanlime. they face challenges including mental health con¢erns, family pressures, academic difficuliies, and the pervasive impact of social media. Our role has never been more vital. We are proud to report a significant expansion in our delivery throughout the year. We ran 17 Love4Life groups across our delivery areas, including the launch of a new group in Leicesler. Some existing group5 relo¢aied lo better se¢ local communities. Our intentionally small group sizes allow us to provide focused. tailored support and we've worked hard to ensure excellent attendance across all locations. In total. 318 young people participated in our group work. while 288 received l-to-l support, meaning we directly supported 587 young people over the year. Impact aDd Outcomes We are delighted to share that 100 % of the young people we supported made measurable progress in at least one of our largeled areas. 900/0 reported improved self-esteem 930/0 in¢reased their confidenc¢ 890/0 developed a greater understanding of healthy relaiionships 83 % made progre55 in all three areas These figures reflect not only the effectiveness of our model. but the commitment and resilience of the young people we suppori. We are incredibly proud of their hard work and growth. Page 4
Charnwood 20:20 knoivn as Love4Life (and previously Twenty Twenty) Trustees, Report This year H'e also began laying the foundations for long-lenn impact moniloring. By Irackiijg outcomes over time. we aim to gain a clearer picture of how our 5UPPOrt shapes the treS of the young people we serve. Our first findings will be available next year. and we are excited to share whal we learn. Expanding Education and Outreach Our Relationship and Sex Education (RSE) provision has grown significantly and is playing an increasingly important role in raising awareness of Love4Life. These workshops are equipping more young people with the tools they need to make positive, infomied decisions. They also support the sustsinability of our work by contributing to a more diverse fundraising strategy. CSE, Abuse & Consent HolidAy Events and Social Connection Our holiday events programme continues to thrive. These aclivities provide an essential bridge for young people to slay connected, build friendships. and apply ihe skills they've developed in gmup and l-to- I settings. Over the year, we delivered 19 activity days ranging from bowling and laser qu¢sl to creative sessions like stone painting and plant making. Tl)ese events offer niuch-needed joy and connection, particularly for youiig people who may otherwise feel isolated during school break5. Sustainable Growth and Fundraising With our services expanding, so loo must our fundraising efforts. This year saw the successful implementation of a full calendar of community fundraising events. helping us build relationships, incr¢a5e visibility, and access new fui)ding streams. While grants and trusts rernain our core income. reducing reliance on Iliem is key lo building a more resilient financial future. Diversification is now firnily embedded in our fundraising strategy. f,•1 .1 Page 5
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Trustees, Report Youth Leadership and Voice Our Youth Board has made impressive strides this year. They've taken ownership of their agenda, participated in staff recruitment, visited groups to gather feedback. and contributed io strategic planning. Their insight ensures the voices of young people remain central to every'thing ive do. Celebrating Achievements Our annual Celebration Event conlinues io be a sland out highlight. This year's even¢ brought together young people from across our areas who shared their talents in music, poelry, and personal stories. It was a moving, uplifting evening - a true reflection of the confidence and creativity nurtured ihrough Love4Life. L:Jl*, Page 6
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Trustees, Report Looking Ahead Our vision for tlie future is one of Ihoughlful and sustainable growth. As ive finalise our four-yeai. strategy, we are focused on expanding our impact while s¢curing the resources required to support our niission. A key priority for the coming year is increasing delivery capacity in Leicester. We plan to appoint a second youth worker, brinoing the team in line with our other regions. This will enable the fonnation of a sixth group in tile ¢ity aiid expand OUT I-tO-I support offer. We are also embedding our new Data and Impact systems, which will allow lis to maintain contact wilh young people after they've completed our progrdmmes. This will deepeii our understandiiig of Love4Life's long-lern) ii)fluence aiid iiiforni future development. Tlie YoLlth Board continues lo grow in confidence. Although tliey not yet ready to attend full board iiieetings, we are excited to be IndUcing a trustee liaison role. A desionated trustee will now attend Youth Board meetings quarterly, slrengiliening the lii)k between the governance and the voices of young people. Finally. we will continue to diversify and strengthen our fundrnising efforts io ensure that Love4Life remains financially robust, iniiovalive, and able to meet the ever-evolviiig iieeds of the youiig people and conimunilies we serve. We are proud of what has been achieved this year, and deeply gralefijl to everyone staff, volunteers, funders, aiid partiiers who makes thi5 work possible. Togetller, we are helpiiig youiig people build brighter, healthier rutures. Flnfin¢lAI review Policy on reserves Our policy is to have between 3-6 monihs of reseryes. In an unstable financial cliniate with the cost of liviiig ¢risis ive believe Iliis is essential so we can ensur¢ services continue. Tl)is level of reserves lielps to ensure continuity as we diversify our income streams. Principiil risks diid uiicerlftliilies Reliance on liwls andgi'anlfiinding We are heavily reliant on trusts and graiit fundiii Many of these are oversubscribed in the current cliinate. We are diversifying OUT income, we are expanding our iiicomc from Corporate Parnersliips, aiid coinniuiiity fundi'aising. Olir paid for RSE work has becn growing and we arc looking at hoi¥ we ensure this remains a good source of income as a basis to our ¢haritsble work. Statemont of Responsibilities T]ie trustees (who are also the directors of Chamwood 20:20 for tlie purposes of conipany law) are respoiisible for preparing the trustees, report and the financial slatenient5 in accordance iyiih applicable laiv and Uiiited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS 102 "The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland" The report and accounts have been prepared in accordance with the provisions iii tlie Conipanies Act 2006 relating to small compai)ies.
Charnwood 20:20 known as Love4Life (and previously Tiventy Twenty) Trustees, Report Company laiy requires the trustees to prepare financial statements for eacli finaiici81 year. Under eomp2ny law the trustees must not approve the finan¢ial statements unless they are satisfied that they give a te and fair view of the stat¢ of affairs of ihe charitsble company and of the incoming resources and applicalion of resources, including it5 income and expenditur4 of the Charilable company for that period. In preparing tliese financial statements. the truslees are required to: select suitable accounting policies and apply them consistently; observe ihe methods and principles in the Charities SORP. make judgements and estirnaies tl)at are reasonable and prudenl: state ivhether applicablc accounting standards, comprising FRS 102 have been followed, subject to aiiy material depailures disclosed and explained in tlie financial stateinenls. and prepare the fiiiancial slatemeilts ot) ihe going ¢on¢ern basis unless il is inappropriate to presume that t]ie cliarilable company will conlinue in busines5. Tl)¢ ti'ustees are responsible for keeping proper accounting records that can disclose with reasonable a¢¢ura¢y at aiiy time the financial posilion of the charitable company and eilable them lo eiisure that the finaiicial statements comply with the Coii)panies Aet 2006. They are also responsible for safeguarding the assels of ilie cliaritable company and hence for iaking reasonable steps for the prevention and detection of fraud and other irre8u14rities. Tl)e trustees are responsible for Ilie m8intenaiice and integrity of the corporate aiid financial iiiformalion included on the cliaritable company's website. Legislation governing the preparation aiid dissemination of financial statements may differ from legislation in other jurisdictions. Small compAnies provislon statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Tlie annual report WJS approved by th¢ trustees of ihe charity on i September 2025 and signed on its behalf by.. an Kerry Pag¢ 8
Charniyood 20:20 known as Love4Life (and previously Twenty Twenty) Independent Examiner's Report to the trustees of Charnwood 20:20 ('the Company,) Independent examiner's report to the trusttts of Charnwood 20:20 ('the Compxny,) I report to tli¢ ¢liarity Irustees on my examination of the accounts of rhe coinpany for the year ended 31 Marcli 2025. Responsibilities basis of report As the cliarity's tnjstees of the Company (and also its directors for the purposes of company laiv) you are responsible for the preparation of the accounls in accordance with the quIremeftts of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited uiider Part 16 of ihe 2006 Acl and are eligible for independent examination, I report in respect of my examination of your charity's accouiits as caiTied out under sectioii 145 of the Charities Act 2011 ('the 2011 Act,), In ¢anying out my examiiiation I have followed the Directions given by tEi¢ Charity Commission utider section 145(5)(b) of the 2011 Act. Independent ex&miner's stAtement Since the Company's gross income exceeded £250,000 yoiir examiner must be a inember of a body lisied in section 145 of the 201 l Act. l ¢onfirni that l am qualified to undertake the examination because J am a member and Felloiv of the Association of Charity Independent Exaniiners, wliicli is one of tlie listed bodie5. I Iiave con)pleted niy examination. I confirni that no matters liave come lo my attention ii) coni?ectioi) with tlie exatninalion giving m¢ cause lo believe that in any material respect: l. accounting records were not kept in respect of the Compaiiy as required by sectioii 386 of tl)e 2006 Act. or 2. the accounts do iiot accord with those records: or 3. the a¢¢oiints do not comply wilh ihe accounling requirements of se¢tion 396 of the 2006 Act otlier than any requirnent that tlie accounts give a 'lrue and fairf view which is not a matter considered part of an independeiit exaniination. or 4. the accoiints have not been prepared in accordance with the methods and principles of the Statement of Recoinmci)ded Practice for accountiiig and reportiiig by charities [applicable to charities prepariiig their accoui)Is in accordance ivith Ihe FinanGial Reporting Standard applicable ii) tlie UK and Republic of Irelaiid {FRS 102)]. I l)av¢ iio coiicerns and l)ave conie across no other matters in coniieclion ivith the examiiiatioi) to which attention sliould be drawn in Éllis rcport in order lo enable a proper uiiderslaiiding of the accounls to bc i'eaclied. Brien MSC, FAIA, FCJE, employee of Community Accountino Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Date.. 1510912025
Charnwood 20:20 known as Love4Life (and previously Twenty Tiventy) Statement of Finaneial Activities for the Year Ended 31 March 2025 (Including Income 2nd Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrictod funds Total 2025 Total 2024 Note Income and Endowments from: Doiiations and legacies Charitable adivities 236.229 52.005 236,229 241.623 154,36? ?68,416 189,618 Total income ?88.234 189.618 477,852 422,778 Expendlture on: Charitable activilies (160,802) (J15,JOI) (476,103) (404,787) Total expenditure (160,802) {315.301) (476.103) (404.787 Nei in¢om¢/(¢xpenditure) Transfers betsyeen funds 127.432 125.683) (125.683) 125,68) 1,749 17,991 Nel movement in fiinds 1,749 1,749 17,991 Reconciliation of funds Total funds brought forward 169,756 169,756 151.765 Total lidS carried fon¥ard 17 171,505 171.505 169,756 All of the cliarity's activities derive from continuing operalions during the above tsvo periods. The funds breakdown for the period is shown in note 17. The notes on paoes IJ to 22 form an iiitegral part of le5C financial statements. Page 10
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figures for tht previous accounting period and are ineluded for compArative purposes Unrestricted Restricted Tot#1 runds 2024 Note Income and Endowments from: Donations and legacies Cliaritable activities 154.i62 30.754 154.)62 268.416 237.662 Total iiicome 185.116 237.662 4?2.778 Expenditure on: Charitable activities (95.07?) 309.715) 404.787) Total expenditure Net income/(expendilure) Ti7nsfers bettveen fund5 (95,07?) {i09,715) (404,787) 90,044 (72.053) (72,053) 72.053 17.991 Net Inovement in funds 17,991 17,991 Reconcililltion of funds Total fund5 brouglit forward 151.765 151,765 Total funds carried forward 17 169,756 169,756 The notes on pages l J to 22 fonn an integral part of th¢s¢ fiiiat)cial 5tatenients. Pagell
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) (Registration number: 06245103) Balsnee Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assels 2.837 ,749 Curren¢ assets Debtors Cash at bank and in hand 10 17.591 239,857 8.090 254.003 257.448 262,093 Creditors: Amounts falling due within one year 12 (88.780) (94,086) Net current a55et$ 168,668 168.007 Net Assets 171,505 169,756 Fund5 of the charity: Unre5tri¢ted income funds Uiirestricted funds 171.505 169,756 TotAI funds 17 171,505 169.756 For the financial year ending 31 March 2025 Ihe charity was entitled lo exemption from audit under section 477 of the Compaiiies Act 2006 relating to small companies. Directors, responsibilitTes'. T]ie nienibers have not required the charity to obtain ali audit of its accounts for tlie year iii question iii accordance ivith section 476. 2nd The directors acki)owledg¢ their responsibilities for complying with the requiremeiits of Ihe Act witl) r¢spe¢t to accouiiling records aiid the prepardtion olaccounts. These finaiicial statenients 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 ?006. Tlie financial statements on pag¢5 10 to ?2 were approved by the trustees, and authorised for issue on 3 September 2025 and signed on their behalf by: Jonat Trustee n Kerry The notes on pages IJ to 22 forni an inlegral part of these finle181 ststenients. Page 12
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Notes to the Financial Statenjents for the Year Ended 31 March 2025 l Accounting policies SummAry of Significxnt 2ccounting policies and key accounting estimates The priiicipal accouiiting policie5 applied in the preparation of Ihese financial ststenients are set oui below. Th¢s¢ policies hav¢ been consistently applied to all die years presented, unless otlierwise slated. Statement of compliance Tlie fiiiaiicial stateinents have been prepared in accordance ivitlj Accounting and Reportii)g by Cli8rilies- Slatcmcnt of Rccomm¢ndcd Practirc (applicable io charilies preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) {issued in October 2019) (Charities SORP (I."RS 102)). the Financial Reporting Standard applicable in the UK aild Republic of Ireland (FRS I O?) and the Companies Act 2006. Basis of preparAtion Charnivood 20'.20 ty)eels Ilie definition of a public beiiefit eiility under FRS 102. Assets aiid liabilities are initially recognised at hisiorical Cost or trdnsaction value unless oiherwise slated in the relevant accounling policy notes. Going concern Tiie financial statements have been pr¢pared on a goin8 concern basis. T]ie trustees assess ivheiller the use of going concern is appropriate i.e. wliet]ier there are aiiy iiiaterial un¢ertainties related to events or condition5 that may cast significant doiibt on the ability of the charity to continue as a going concern. The trLlStecs make this assessment in respect of a period of one year fmm the date of approval of tlie fiijaiicial statenients. Exemption from prepAring a cxsh flow statomenl Uiider the exemption available to smaller charities the Board of Trustees lias choseii not to include a Statenieiit of Cash Flows within the financial statements. Income and endow'ments Voluiilary income including donations, gifts. legaeies and grants that provide corc funding or are of a geiieral natui'e is recogni5ed when the charity has enlitlem¢nt to the income, it is piobable that the income will be received and the amount can be rneasured ivith 5uffJcient reliability. Donalioiis and legacie5 Donations are recogiii5ed when the charity has been notified in ivriting of both the amouiit and settlement dale. In tlie eveiit that a doiiation is subject to conditions that require a level of rforniance by the cliarity before tlie charity 15 entitled to the fiinds, the income is deferred and not recognised until either those conditions are fiilly meL or the fulfilmenl of those Conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reponing period. Page 13
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Notes to the Financial Statements for the Year Ended 31 March 2025 Graiils receivable Graiits are recognised when the eharity has an entitlement to the fvnds and any conditions linked to the grants liave beeii met. Where perforniance conditions aTe attached to Ilie graiit and are yet to be iiiet, Ilie income is recognised as a liability and included on the balance s]ieet as deferred income to be released. Deferred income D¢ferred income represents amounts received for future periods and is released to in¢oming resources in tl)e period for which, it has been received. Su¢h income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods: or The donor has imposed conditions whi¢h must be met before the charity has unconditional entitlement. Expenditure All expenditure is recognised once there is a legal or conslnictivc oblioalion to that expenditure, it is probable settleii)eiit is required aiid th¢ amount can be measured reliably. All costs are allocated to the applicable expenditure headiiig that aaoregate similar costs io that category. Where wsis cannot be directly attributed to particiilar headings ihey have been allocated on a basis consislent with the usc of resouires, wilh centi71 staff Costs allocated 011 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 s¢aff costs. Cliarituble activilies Cliarilable expeiiditure Comprises Iliose costs incurred by the cliarity iii tli¢ delivery of its a¢¢ivities arid services for its beneficiaries. It includes boih costs ihar can be allocated directly to such activities and tliose costs of an iiidirect i)alure iieces5ary to support them. TAxalion The charity is coiisidered to pass the tests sei out iii Paragrdph I Schedule 6 of the Finance Act 2010 and tlierefore it meets the definition of a charitable Company for UK corporation lax purposes. Accordii)gly, the cliarity 15 Potentially exempt from taxation in respect of income or capital gaiiis received ivitl)iii categoi'ies Covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of ihe Taxaiion 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. Depr¢ciation and amortisation Depreciation is provided on tangible fixed assets so as to lte off the cost or valuation, less any estimated residuf41 value, ovcr their expected useful ecoiioniiG life as folloiv5- Asset elass OffIce equipment Computer equipment Depreciation method and rate 250/0 on a reducing balance basis 33 J39/o on a slraiglit line basis Page 14
Charnwood 20:20 knojvn as Love4Life (and previously Twenty Twenty) Notes to the Financial Statements for the Year Ended 31 March 2025 Trade debtors Ti'ade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary couise of business. Trade debtors are recognised initially at the transaction price. They are subsequei)tly n)easured at amortised cost Iising the effective interest rneth0 less provision for impairment. A provision for the impaimient of ti2de debtors is established when there is objective evidence that the charity will not be able to collect all amounis due according to the original temis of the re¢eivablts. Cash and cash equivalents Ca51) and ¢a5h equivalents comprise cash on hand and call deposits, and orher short-terni highly liqvid investments that are readily convertible to a known ainouiit of casl) and are subject lo an ii)sigi)ificant risk of cliange in value. Trade creditors Ti'ade credit013 al-e obligations to pay for goods or Services Ihat Iiave been acqiiired in the ordinary coiirse of business from suppliers. Accounts payable are classified as cuent liabilities if the cl)arity does not have an uiiconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve monilis after Ilie reportii)g date. If there is an uncoiidilional right lo defer settlemeni for at least twelve moi)11)s after the reporting dale, they are presented as non-curreni liabilities. TrAd¢ creditors are re¢o8nised initially at rhe transaction price and subsequently n)easured at aniortised cost usiiig ihe effeclive interest method. Fund structure Unrestrictcd income funds are general funds tliat are available for use at the trustees, discretioii in furtlierai)ce of the objectives of the charity. Unrestricted funds can be used in accordaiice with tlie charilable objectives at the discretion of the Tru5t¢es. Restricted funds Can only be used for particular restricted purposes within the objects of the cliarity. Restrictions Arise when 5pe¢ified by the donor or when fiinds are raised for particular restricted purposes. Furtlier explanalion of the nature and purpose of each fund 15 included in the notes to tlle financial stateiiiei)ts. Pensions And other post retirement obligations Tlie cliarity operate5 a defined coiitribulion pension scheme wliicl) is a pei)sioi) plan ui)der wliicl) fixed contributions are paid into a pension fund and the charity has no legal or coiistructive obligation to pay fuiiher contribiitions even if the fund does not hold Sufficient assets to pay all employees tlie benefits relating to employee Service in the curreiit and prior periods. Contributions to defined contrlbution plans are rewgnised in the Stalement of Financial Activities when they are due. If conlribulion payrnents exceed the contribution due for service. the excess is recognised as a pr¢payment. Page 15
Charnwood 20:20 known as Love4Life (and previously Twenty Tiventy) Notes to the Financial Statements for the Year Ended 31 March 2025 2 Grants & donations Unrestrieted funds Restricted funds Total Henry Smiih Charity Richard MacKay Charitable Trust National Lottery Community Fuiid BaiTatts Foundation Celia MacKay Charitable Trust Tl)e Magnify Foundation Mounlsorrel Cominunity Support Fuiid Awards For All BBC Children in Need St Janies, Place Chariiable Foundation The Clotliworkers Foundation Trustliouse Charitable Foundation Oakland Foundation 29th May 1961 Cliarity Anton Jorgen Charity Tlle Yu5ef Foundation Katey Jorgensen Garfield Weston Swire Ckaritsble Trust Derbyshire Community Fund Office of the Police and Crime Commissioner Cliariiiyood BoiDugh Council Masonic Charitabl¢ Trust People Zones Janet Arthur llie Souter Foundalio Corporate donations Other orants and donation5 <£2.500 51,867 25.000 15.)88 13,600 10.417 10,000 9.800 7,792 7,500 7,500 5,800 4,358 4,244 4,000 4,000 3,000 51,867 25,000 13,600 10,417 i 0.000 9.800 7,792 7.500 7,500 5,800 4,358 4,244 4,000 4.000 3,000 50,000 23,500 20,000 ,687 7,419 6,000 6,000 7,03? 4,000 50,000 ?3500 ?0.000 8,687 7,419 6,000 6,000 4,045 4,000 3,000 37,877 65.701 2,987 37,877 68.066 2.365 236,229 189.618 425,847 Page 16
Charnwood 20:20 knoivn as Love4Life (and previously Tjventy Twenty) Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income from donations and legacies Unrestrie¢ed funds General Total 2025 Total 2024 Donations aiid legacies. Doi)ations from companies. trusts and similar proceeds Donations from individuals Graiits, iiicliiding capital grants: Grants from other Ghai'ities 37,877 16.104 37,877 16,104 22.743 6,100 18?248 182.248 1?5.519 2i6,229 236,229 154.j6? 4 Income from charitAble activities Unreslrieled fuDd5 General Restricted runds Total 2025 TolAI 2024 Grants & donations Fundraising & events Other iiicom¢ 189,618 189,618 43,602 8.403 237,662 22,344 8,410 43,602 8.403 189.618 241,623 ?68.416 S Expenditure on charitable activities Unrestricted funds General Reslricled funds Total 2025 Total 2024 Staff costs Travel & subsistence Staff training Relit & room hire IT & commuiiication costs General administration expenses Professioiial fees & insurance Depreciation Oilier costs 104,736 2,266 1,028 6,867 4,996 274,6)6 8.717 4.495 3,6)3 8,096 705 379.372 10.983 5,523 10,500 13.092 13.419 12.209 1,972 ?9.033 326.364 10,404 9.212 8.1?5 12,933 2,145 5,097 2,811 ?7,696 12209 1.972 14.014 15,019 160.802 J15uOI 476.103 404,787 Page 17
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Notes to the Financial Statements for the Year Ended 31 March 2025 6 Net incomingloutgoing resources Net incomiiig resources for the year include. 2025 2024 Depreciation of fixed ass¢ts 1,972 2,811 7 Staff costs The aggregate payroll costs were as follows: 2025 2024 StAff costs during the year were: Wages and salaries Social security costs Pension costs 346.241 299.813 19,99? 6,559 7.798 379,372 326,364 The nionihly average number of persoi)s (including senior management tean)) employed by the charity during the year ivas a5 follows.. 2025 2024 Avernge number of ¢inploy¢¢s 16 16 14 (?024- 13) of th¢ above employees participated in the Defined Coniribution Pension Schemes. Contributions to th¢ employee pension schemes for the year totalled £7,798 {2024- £6,559). No eniployee received enioluments of more than £60.000 during the year. Tlie total employee benefits of the key management personnel of the charity were £53,273 (2024 - £46,163). Page 18
Charniyood 20=20 known as Love4Life (and previously Twenty Twenty) Notes to the Finaneial Statements for the Year Ended 31 March 2025 8 FÈes payable to independent examiner Duiing the period, the fees payable (excluding VAT) to the charity's independent examiner are analysed a5 follows.. 2025 2024 Independent examination 1,350 ,325 1,350 1.325 9 Tangible fixed asset5 Office equipment Computer equipment Total Cost At l April 2024 Additioiis 9,089 3,060 11,214 3.060 At 31 March 2025 2,125 12,149 14,274 Depreciation At l April 2024 Charge for the year At 31 Marcli 2025 1,394 183 8,071 1.789 9,465 ,972 1.577 9,860 Net book vglue At 31 March 2025 548 2.837 At 31 March 2024 731 1.018 1,749 10 Debtors 2025 2024 Trade debtors Prepaynients & accrued income 5.337 12,254 3.430 4,660 17.591 8,090 Page 19
Charniyood 20:20 known as Love4Life (and previously Twenty Twenty) Notes to the Financial Statements for the Year Ended 31 Mareh 2025 JI Cash #t bank nd in hand 2025 2024 Casli at bank 239.857 254,003 12 Creditors: amounts falling due ivithin one year 2025 2024 Trade creditors Other taxation and social security Accruals Deferred income 2,312 6,74i 4,901 74.824 1,135 5.3?3 5,518 82,110 88.780 94.086 13 Obligations under left$es and hire purchase contr4cts Operating lease commitments Total future minimum lease payments under non-c8n¢ellable operating leases are as follows: 2025 2024 LAnd And buildings Wiiliin on¢ y¢ar 4.380 4,112 Other Within one year Between one and five years 167 669 167 167 14 Charity status The charity is a company limited by guarantee and consequeiitly does not l)ave share capital. Each of Ilie trustees is liable to Coiilribute ali amount not ex¢eediiig £1 towards the assets of tlie cl)arity ii) Ilie evei)t of liquidation. IS Taxation The charity is a registered charity and is therefore exempt from taxation. Page 20
Charnwood 20:20 known as Love4Life (and previously Twenty Twenty) Notes to the Financial Statements for the Year Ended 31 March 2025 16 Trustce5 rcmuneration and expenses No trustees. nor any persons connected with tliem. have received any remunerdtion from the chai-ity during the yeai.. No triistees have received atty reimbursed expenses or any other benefits from the charity during tl)e year. 17 Funds BAlince at 31 March 2025 Balance at I April 2024 Incoming resources Resoure&s expended Trnnsfers Unrestricted funds Geiierftl General fund 169,756 288 ?34 (160,802) (1 ?5,683) 171.505 Restricted funds Restricted reserve 189,618 1315,301) 125,683 Total funds 169.756 477.852 (476.1 OJ) 171,505 BulRnce at 31 MArch 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unrestricted funds General General fund 151.765 185.116 (95.072) (72,05J) 169,756 Restricted Restricted re5erYe 2i7.662 (309.715) To¢AI funds 151.765 422.778 (404.787) 169,756 The specific purposes for which the fiJnd5 are to be applied are as follows: The general reserye represents the free funds of the charity which are not designated for particular purposes. The restri¢ted reserve represents fijnds given for an intended PUTpose to support any specified area of work of Love4Life. Transfers relate lo unrestricted funds used to cover the oVersnd on Testricted funds. Funds received are expended for their inleTrded purpose. in most cases wiihin the same finan¢ial year. Pag¢21
Charnwood 20:20 l(nown as Love4Life (and previously Twenty Twenty) Notes to the Financial Statements for the Year Ended 31 March 2025 18 Analysis of net assets between lunds UnrestrAeted 2025 Tot21 funds General Restricted Tai)gible fixed assets Current assets Currei)t liabilities 2,837 257,448 (88.780) 18?.625 (13,957) 74,823 (74,823) Total net assets 171.505 171.505 Uni'estricted 2n24 Total fund5 Genernl Restricted Taiigible fixed assets CurTent assets cue17t liabilities 1,749 179,983 (11,976) .749 262,093 (94.086) 82.110 (82.1101 Total net assels 169,756 169.756 19 Related party transaction5 Tl)ere were no related party transactions in the year. Page 2?