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 pu￿OseS 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 meevintervl￿V, 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, one40￿neS 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 ￿t￿reS 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 In￿￿dUcing 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 t￿e 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
requi￿rnent 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 fin￿le181 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 cu￿ent 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 oVers￿nd 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
cu￿e17t 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?