LIFESPACE TRUST ANNIJAL REPORT AND FINANCIAL ￿ATEmE1{rS FOR THE YEAR ENDED 31ST AUGUST 2022 CHARITY REGIsfRATION f40: 1122170 CQMPAMY REGISTRATION No: tW25820 In£lependent Examiners Ltd UniTr 2 The Broadbridge BusiRe55 Centre Delling Lane Bosham P018 8NF LIFESPACE TRUST (A COMPANY LIMITED BY GIJAIiANTEE) COl¥fENTS Pa9e 2 Legal and AdrniTristr6twe Infom￿￿￿ Page$ 3 to 7 Report of the Direttois Page 8 Statement of Finandal Activities Page 9 Balan￿ Sheet pag￿ 10 to 20 Notes to the FEnancial Statements Page 21 Statement of Cashfiows Page 22 rndependent Examiners Report to the Tru5tees/D1￿rtors LIFESPACE TRUST (A COMPANY UMtTED BY GUARANTEE) REPORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 AUGU￿ 2022 LEGAL AND ADMINISTRATIVE INFORMATION CHApifY NAME CHARITY 14UMBER 1122170 COMPANY REGISTRATION NLIMBER 06425820 START OF FINANCIAL YEAR 1st sept￿nber 2021 END OF FINANCIAL YEAR 31st August 2022 DIRECTORS THAT SERVED DURING THE YEAR TO 31 AUGUST 2022 Mr M. Humphries Mr D. Markham Ms F. Legros Ms M. Marlo M5 L Prentre Ms D. Pulley Ms R. Fernande5-G￿n Ms H. 5tott Ms F. Pettitt re519ned 9th January 2023 resigned 20rh March 2023 appointed 14th March 2022 (interwn CEO) aprL)inted 15th August 2022 appointed 15th August 2022 appointed 15th August 2022 appointed 15th August 2022 REGISTERED ADDRESS Tyler Hottse, Tyler Street stratford Upon Avon CV37 6TY DATE OF INCORPOIIATION 13th Novwnber 2007 GOVERNING DOCUMENT Memorandum ArtIc￿S of Ass￿latIon Ir￿orpO￿ted 13 Novernber 2007 BANKERS LJoy¢J5 TSB INDEPENDENT EXAMINERS Independent Examiner5 Ltd Unit 2 The Broadbrid9e Business Cefttre D￿ling LarTre Bosham P018 8NF LIFESPACE TRusr (A COMPANY LIMITED BY GUARANTEE) In rodu En July 2021 ￿earch by the NHS confirmed that. for the second year running, the number of young people aged 5 to 16 facing a mental health challenge was one six. an increase from one in nine in 2017 - five children In a primary sch£K)I da5s or 197 young people in an average secondary sch¢)ol. While research from Young Minds aThJ UK Youth confim)ed the growiTrJ mental heatth crisis. It also highlightsd the value of trijsted adults in promoting and 5UPPOrtin9 a young pe¥50n's weflbeir¥J. Above 811, they need tu beI￿ve that young person when they might nothave much belief in tfJemselve5-. This is something Life5pace mentor5 have been (knng Sin￿ the chartty stsrte(J worklng with young people 18 years ago. We believe in the young person in front of us. And, as you will see from some q￿LeS frorn them later. they know that we do. We were delighted when this holistic approach rneanr y)at we able to secure a three-year grant from UK Youth's Thriving Minds Fund which ￿ogniSeS the role of youth work in tsckling p(K)r mental health and building better suprM)rt Systems for young people in the UK. ThLs innovative funding mthyel will also support partnership and capacity building. Two groups ¥Yere critKal to our ability io SUPPOrt more young people than ever in 2021122. FiT5tly. our partllershlps with schools Which mean that our mentors are on site every week. offering tsme-5ensibve and flexible servI￿S that meet the needs of their students. One P65toral Lead 'we would be truly lost Wit￿Ut Lrfespace. aryd another, ab)Lrt our mentr)rs, Yhe ￿fe$pa￿ mentors are part of the te3m, qivinq our studenrs the dedKated time that we cant.- Secondly. the fijnders and individual supporters that enab￿ us to i￿eSt in all the acbvities whKh mean that we're doing the very best we can for young people, from our volunteer recruitsnent and training. team meetings, safeguardin9 SUPPOrt, new projects and impact measures. We are particularly grateful for the stgnificant support frorn new fvnders UK Youth and the National Lottery through their Awards for All prograrn. In addition. we a￿ thankful to hève ongoing SUPPOrt frDtn Stratford Town Trust. The Rank Foundation ard BBC Children in Need in additlon to many IKal charitable trusts, busin&sses, cornmuntty groups and indtvidual supporter5 that make our work possible. We were delighted to wetc(Mm@ members of both gffjupsi as well as friends from other charives and agencles, at our Birthday cefebratlon in July. We heard from EhreE young peop￿ atrx)ut the dthnce Life5pace has made io thebr h"ve5. A member of our Youth Advisory Panel said,. "What do I hope Liftspace will look like in the The same but biggerso that they give more help* more hope rn0￿ kindness because thats something the world doesnt ljave enough of. a people organisation. V4e are realty blessed to have suth a talented. inspiriTrJ and detlioted team of staff and volunteers. including our mentor5 and Boartj of rrutres. Rachel Key CEO until 3Lst December 2022 Laurd PrertKe lrtterim CEO from 31st Detember 2022 Our Vision That all young people have the self￿teern, ￿lIE￿ce and Confiden￿ to thrive. Our Miss40n We're driven to make Sure thai young people have- The time and space to talk to someone they tnjst, as soon as life gets tough for as long ès they need it. The skills ènd self-awareness to irnproye t1￿1r wellbei The chance to lead change. be heard and speak up on the tssues that affect them. LIFESPACE TRUST (A COMPANY LIMfTED BY GUARANTEE) Our Pro rammes Mentornng. group activityes,. and leadership opportun￿e5 How our advities deliver ublic benefit The Board of Trustees ￿vIeWS the airns. objectives and aLtivitles of the charity each year. It is the opinion of the Trustees that we have coMpl￿d with the ijuty in Section 4 of the Charities Att 2006 to have due r￿ard to publ benefit guk4ance published by the Chanty Commission. The income and property of the charity have applied solely towards thÈ promotion of ts objects a5 sel out in our Memorandum and Articles of Association. No porknon thereof Is paid or trdnsferred dSre¢Uy or indirectly by way of clivl¢end, t￿nL5 or othen¥15e by way of profit to the members of th& cotHpanv. 22 Review of 2021 Mentorin9: Our Thentoring progrdmme supports young people aged ? to 19. incIL￿1￿9 ytyJThJ people with ad￿￿onal needs. We see most young people in schools acmss South and Mid warwicksh1￿ but also offer support {￿line and in the community. Our new partne￿hIp model, introduced in 201912020. where schools contribute towards ihe cost of a mentor or small team cf mentors being in school every week, Continue￿ to offer u5 the best way to work syith l?r9e numbers of young people. Vle work with local secondary schools, special schcM)Is and a few innovative pnmary schty)15 on this ba515. As well as the financial benefits, this model has led to much stronoer relationships between the Pa5tor31 teams and our mentoring teams %yh￿h leads to MO￿ agile support for their student5. Lifespace is comrnitted to seeing young people as as life gers tough but. posr-pandemic. m05t of the youftg people we saw were already at OT close ro crisis point. whi￿ for many young people, back to normal has been just that for tnany others, the impact of the pandÈmic continuÈs to 4ffect their life at home, their Confiden￿ at sch¢)ol - LK)th academic and social. their emotional maturityi and they feel about thernselves and their lives. Speofic issue5 ¢ncludirKJ self-harrn and eating disorders have 5piralled and the waiting Ilsts for specialist clinical support are stretching far bevond the 18-week target for an assessment bv the local CAMHS 5ervitt RISE. We know what mentoring can offer a youry person and what it cant. We also kJ)ow that. while waiting for a specialist s&tvice, a trained an¢ trusted adult. who 1$ sligh￿Y removed from your day-to-day life, can have a significant therapeutic benefit which can be appreciated by the young person. their family and sch￿1 staff. A young person always has the choice about whÈther they see us or not 50 thelr attendan￿ at each S￿$knn may be the only positive outcome we récord durin9 what is usualty the worst time of their life. It was è year in which we were asked to See unprecedented numbers of young people who had been admitted to A&E after a severe self-harm inadent. The higher trff¥hold5 of nee(1 have hi9hlighted the crit5cal importance of our ￿inIng. both as part of our induction and ongoing professional development- the care and expertise of our safeguardin9 team- and our supervisK)n mode1. Capturing the Impact of mentoring support is a similar challenge with the growing number of youThJ peop￿ with additional need5 who we see in both mainstream and Sp￿al sthods. We are lucky to Ikve uniouely experienced staff on this team and the anecdotal feedback from staff and students is always positsve but we need more coftsisrent ways to measure the progre$5 each young person has made. We invested in the new post of Programme co￿rdinatOr 17 to 111 to refsert our strateglc commthent to work with young people a5 soon as life gets tough. For many young people that Ls at primary school. Recruiting a Fortner primary teacher viith SEN experienGe gav& us the insight and creéibility lo explo￿ hoby to support chiklren most likely to fina transltlon to secondary schocl dlfficult as well as those chiltlren who are currently having a ￿Ugh time. This is usually linked to their family including parental 5eparat]on. loss OF contact with family members Induding time in pri50n. behaviour of older siblings. be￿a¥ernent ant1 being a young caor. We a150 recwrted a Prograrnme Co-ordinator (11 to 191 an ex￿rIen￿￿ senw youth worker, to support our work with this age group as well as our group activit￿$ and leader5hlp opportunitses. They have a150 joined our safeguardiThJ team. LIFESPACE TRt15T (A COMPANY LIMITED BY GUARAKfEE) Volunteers Volunteers continue to extend and enrich what we can offer y(yJng people but the consistendy highEr needs of the young people we see 5 th•t we h*4e rerrnited pamj mertors. èll part-tlme. wlth slgnifitant eXpe￿n￿ a5 well js more nexibilrtv. M05t youth charibes have seen a reduttion rn their volunteers. ￿spaCe is irKredibty gratefvl to have retainèd so many and for the tirne. cao and dedication they offer young people. Th$ shared commitiment 15 what ￿ldS our cLynrnun￿y of mentors. who are often working on th￿r own with young people, together. Group a¢tivitses Lifespace is a proud founding partner in Strattord YtyJth Club. urKJer the marwgement of the ￿ad, Escape Ats, went from Strength to Strength supportrng more th•n youry people frtyn Its towii centre base. Our èlm 6 to create a sp•te OLtslde SCI￿1 that glves Y￿jn9 people some*here 10 90, scffiething to do and someone tD tslk to. Lifespace team members support genwal a£tivities at the Seniors Club as well as wellbeln9 a￿¥￿te$, induding a progrnmme for youno women. Leadership opportunities We want to create more way5 for youn9 people to find and share their vol￿. Funt1ing from Strattord Town Trust supported peer training by Leader5 Unk)cked, a charity that help5 Oryanisations to involve the people who matter, in our case young peo￿e. and Shape decision rThaklng. It has been challenging to recruit to our Youth Advisory Panel but we have moved further towards our ambition to be a youth-led organi5ation with young people j￿ning our interview panels and sUp￿rtIng the *JeVelop￿ent of new seNtes. Funding from Award5 for All supwrted a nine-month placement by an 18-year otd Youth Participation Support Worker who led on peer research and social rnedia, induding the productron of a filrn which captLtred youn9 Peop￿ s ex￿rIen￿5 and rhe is5ue5 they care about. Parther5hips Working Colla￿ratiVelY, one of our valves. continue5 to be impotsnt as we I￿k for ￿at￿e ways to tlleet the need5 of m(Ye young people. Our partnership with communty ￿ntre, The Gap in Warwick ha5 enabled us to support young people In that a￿a with experfence¢ local youth workers. Joint workiry wlth the Parenting Project and South Warwickshire & Wortetershire Mind is part of our shared ambltyon that the offer for young people and their families Is extended through c￿labo￿tion rather than redLtced by competition. All three charitr* a￿ 0150 mernbers of a place-based charity collertive, supported by local phlknthropists. which offers scope for innovative service developrnent ag well a5 COSt-s3ving. As a place-ba5ed servite we're passionatE ab)ut yourKJ people who live In SouthlMHJ Warwthhire not being doubw ¢isadvantaged by the c05t of living here and the lack of act￿5 to services. In 2021122 ￿fespaCe ￿p￿Sented the young people we support on the Warwickshire Youth Alliance, VCSE Mental Health Alliance. Stfttford Strategic Advsory ￿)8rd and Chiitren & Family Partnershlp (both Stratford and Henley-in-Ardenl and partner5 in Child Friendly Wanyickshire. We were selett@d to take part in Trusted Aduts Insights ￿earch with Youn9 Minijs and UK Youth, and attended the Warwicksmlre Youth Conference and Responses to Young People'5 Mental Health in Youth Work Setbng5 Ot Bimiingham City Universiiy, part of our commitrnent to be part of emerging l)est practi￿ at a regional and national level. Marketing Our web51te w3s relaunched In the summer. wifh rnore content created by young peO￿e through our relationship with Stratford College. something that will continue to evolve The Rank Foundation fime to Shine Lèader progrèrnme fuFMJed Dtrgltal Co-ordinator p0s￿on ended in February but left a legacy of content and learning wh￿h we were able to share across the organisatron. LIFESPACE TRUST {A COMPANY LIMfrED BY GUARANTEE) Finandal Revlew The wtsi income amount this year wa5 É229.276 of whith fut)draising income was EL23,209 comprisng grants, business and cornmunity group donation5, Fundraising events and inijividual giving. We extend thanks to all our loyal tlonors. funder5 and Charttable Tnjsts who have SUPPDrted its for many years. We are gTrteful to the Truste￿ of Stratrord Town frust. Rank Foundation, Openwork Foundation and to councsllors from Warnick Town. 5trètFord District and Warwickshire County for their ongolng interest in our wor Many thanks aL%o go to BBC Chsldren tn Need for supwjrting us since 2014 ènd to the 4 Acres Trust for another opportunlty and in th15 instance our L7St invitstion to join their matthed funding thallenge befo￿ they dose the Trust. This year we were very pleased to gain support for our Youth Work from UK Youth and frorn The National Lottery through their Awards for All programtne. In addition, we are indebted to several I(￿al community group5.' Rotary. Lions. Roundtable and Avon Bowling club who have allowed us to help raise monies through various events and to all the many generous parishioners from Holy Trinity church Stratford, St Michael's church Claverdon and St John's church Henley for thèir financkil assistance. We would also like to thank Ed Fitter for norninatyng us as one of the beneficsaries of h6 SDC Chairfs charibes and for tthe 5UPtM)rt of Min Willoughby ¢Je Broke. the High Sheriff of Warwickshire 2021-22. Loxleys restaurant supported us throughout the year and culrninaisng a superb reception held at the town hall to ￿letsrate our 18th birthday in July 2022. We extend our grateful thank5 to Mark and Antonia Davies and everyone at Admington H311 for hosting a memorable summer garden party and to thÈ team at Sue Dalby catering for prov￿Ing such a delicious supper. The evening raised £6000. An inlrepld group of superstsr athletes supported us over the year and oui 9rateful thanks go to Darren Parkin who canDed the imFX)5sible River Wye in th￿e days, raising an incredible £540. And Josiah ChamiErlain. Will Fieldhouse. Joshua Newby and Emma Ash who ran marathtsTrs and half marathons. A h￿e thanks to all. Lifespace in numbers Young People17-19} Mentees continued from p￿viouS year Mentors (staff, sessional. volunteers} Number of Mentodng Se$S￿r6 Mentoring Flours Schools Total S&condory linduding Special) Prirnary 577 166 39 5,300 3.190 37 23 14 570 121 37 5,191 2.962 45) 128 28 2,719 1.821 35 17 18 422 142 57 3.350 2.180 41 26 L5 IS 15 There has been a steady iKrease in the number of children 4nd young pets￿e we have supported over the last 12 month5. We a150 increased the size of our amazing mentoring team to 39 WorKle￿I peop￿ who continue to provide safe spaces for young people and have worked int￿￿]blY hard deliwering 3190 rnentoring hour5 an increase of over 7% from 2020121. We a￿ worknng Nvith children and young people across 37 SCI￿0T5. We are I￿rediblY grateful to the schools who invest In our services and to all these schools, Staff who parkner with to ensure that C&YP get the help they need. LIFESPACE TRUST (A COMPANY iIMITED BY GUAIiANTEE) The Futurn.. 20Z2 23 More young people need 5UPPOrt more than ever. As their needs change and evolve, so will our 5ervitss. After another year whe our focLTS has been fwed on deliveryi this year will see the development of our new 5trate9ic plan. L￿espaCe is in a go(* w)51tion to continue to invest ITr the devekjpment - organisabon. stats and systems - that will enable us to connect with more young peop￿ in way5 that make a differen￿. We will work with a consu￿ant and our young Èaders to give L6 a deeper understsnding of what creates the most significant outcomes lor different groups of young people. Including those in crisis. Our goal is well-establshed evidence-based measu￿5 for self-e5teem, silience and confklence that also give scope for each your*J person to track thèir Lvogress against targets that they set for themselve5. We will continue to plan growth based on a finanoally sustainable m(xJel, stsll working towards a target of 50% of our funding being generated by ￿venue. We will use new locat￿￿5 and new ways of workiTrJ to open new opp)rtunitias for funding and partnership working with statutory and voluntary partners. Our appetr(e to work with partner5 which share our values and ambitFon for young people continue5 to be strong and we expett some of these partnerships to adopt MO￿ formal agreements as we work together on funding and delivery. We will continue to build on the skills. Strengt￿ and Successic￿ plannin9 of our Eoard of Trustees with a rolling recruitment and trainSng pmgramme. We will contsnuè to build the dIVe￿ity and lived e¥perience of our team to better rellect the communr(ies in which we work and the needs of the young people v4e a￿ asked to SUPSX)rt. Trustees Res ons•bill The Charities Act and the Companies Att requlre the 8oird of Trustees to prepare finanaal statetnents for each financial year which give a true and fair view of the state of affair5 of the charity as at the end of the finarKial year and of the surplus or deficit of the chanty- In preparing those financial statements the Board is required to.. select suitable accounting rolities and thon apply thern consistentiv- make judgements and estirnates that are reasonable and prudent.. and prepare the financial statements on the going concern basi5 unless it is inappropriate to PE5ume that the charity vlill contin￿ in operabon state whether applicable accounting standard5 and statetnents of recommende(I practice have been followed. subjÈct to any material departu￿ disclos￿j and explatned in the financk?I statements. The trusts￿ are responsib￿ for maintsinirrfj at1equate accounting records disdose with reasonab￿ accuracy at any tirne the finanoal position of the charity and which are sufficieTrt to show and explain the charity's transactions and enable thern to ensure that the financial 5tstemenrs comply with the Companies Att 2006 and comply with wulatyons rnade under the Charities Act. They are also responsible for safeguarding the assets of the charity ond hence for takillg reasonable steps for the prevention and detection of fraud and other irregularities. The trustee5 are also responsible for the contents of the trustees. oporL and the responslbility of the independent exarniner in relation to the trustees. ￿￿rt 15 limlte¢ to examining the ￿￿rt and ensurirMJ tha¢ on the face of the repDrt, there are no tnconsistenaes with the figure5 discfosed Jn the finanaal statefflents. These accounts have been prepared in accordance with the provisions applKable to companvés subject to the small companies, regime. This Report was approved by the Twstees on .3. fd Rp n i louand swJned on their behalf- M. Plumphries Trustee/Director and Chairman LIFESPACE TRusr (A tOMPA14Y iIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTivmES FOR ThE YEAR ENDED 31 AUGusf 2022 As ￿tste0 TOTAL 2020/21 Unrestrirted Restricted Fund5 Funds TOTAL 2021122 Notes Income Donations and legacies 27.059 96,150 123,209 129,089 Income from other tradlng activibas 2b 7.797 7,797 785 Inve5tmeni income 456 456 1,245 Income frorn chartiable activities 97.814 97,814 104,847 Other Incon Total Inton)e 96,150 36. Expenditure Costs of raislng fuTrds 16.394 1,060 17,454 18.394 Expenditu￿ on Chartsble activities 3b 127.781 94,936 222,717 200,587 Total EXPen￿rtUre Net Inettme/expendltur• beftyr8 5n¥estment gains/(Ios5¢5) (11,049) 154 110,8951 17,672 Net gainslllosses) on inv&trnents (70.911) 170,9111 37,250 Net Income/(expenditure) 111.049) (70.757} 181.806) 54,922 Extraordinary income 16 410,055 Transfers between funds io 1.214 11,214) Net movement In fvnd$ 171, 181,8061 Reconclllation of funds: Total Funds Brought Forward 98.906 417.852 516,758 51.781 Total Funds Carried Forward 345 881 434 952 516 758 Movernents Drr all reserves and all ￿¢09ft￿l gains and kisses Ore shown above. All of the organisation's operation5 are classed a5 cofttiHuing. The notes on page5 10 to 20 fomi part of these financkil slatements. LIFESPACE 7RL6T {A CI)MPANY UMITED BY GUARANTEE) Reg.comgany Tr).0642S820 BALANCE SHE AS AT 31 AUGusf 2022 restared 31.8.21 Total un￿trIcted Restricted FurK15 Funds 31.8.22 Total Fixed Assets: Tangible assets Investment assets 2,930 1.662 2,930 347,543 L,344 419,094 345.881 Current Assets.. Debtors Cash at bank and In hand Total Curont Assers 7,129 86,051 8.610 15.739 L28 749 144 488 24,631 110 869 135 500 Creditors.. an￿Unts falling due withln one year 18,701) 151.308) (60,0091 {39,1801 NET CURRENT ASSETS 84.479 84,479 96,320 TOTAL ASSFfs less current liabl1￿eS 89,071 345.881 434,952 516,758 Cred1tors= amounts falling due in rrThe than one year NET ASSETS Funds of the Charity General FuN(Js Designated FuThYs Restricted Funds 89,07L 345,881 434,952 516,758 89,071 89.071 98.906 io 345.881 345.881 417.852 Total Funds 89,071 345,881 434,952 516,758 For the year ended 31st Au9USt 2022 the company was enttded to exem[￿￿￿ from ourfrfc under secbon 477 of the Cornpanies Act 2006 relatlng to srnall companies. The rnembÈr5 hwe not required the company to obtain an of its accounts for the year in 4ue5tson in attordjnce with sectiun 476 of the Companies Act 2006. The director5 acknowledge their responsibilrty for cOmpl￿ng with the requirements of the Act With re5pert to accounUng records and the preparation of accounts. These accounts have been prepared in accordance with the provi*ons appIl￿ble to coTry)anie5 5rt+￿ttto the srna15 compallies, reglrne. 3fd Apri i IOZ3 Approved by the D1￿CtorS on the ...................................... Signed on their behalf by Print Name- M HUMPHRtES, CHAIRMAN LIFESPACE TRiLST (A COMPANY LIMMD BY GUARAKfEE} NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR EP4DED 31 AUGusf 2022 l. Accounting poliae5 a) Basis of prepar•tlon Th& principal accountin9 poliC￿S adopted. Judgemettts and key ￿urCeS of e5timat*on uncertèinty In the preparatK)n tsf the financial statements are as follows.. The accounts have been prepared bl accordarKe wlth the prDv6kns In Part 15 rf the compar￿ ki 2006 app1Kab￿ to companles subjett to the small companies regirne and in acc¢ydance with Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to Charitles preparing their accounts in accordance w￿h FI￿ 102 leffecbve i January 20191- (Char[t￿$ SORP IFRS 1021) and the Charities Art 2011. Advantage has been taken of Section 39615) of The Compan￿5 Act 2006 to allow the format of the financial stateynents to be adapted to reflect the spec￿1 nature of the chaThty'5 operation èWKJ in order to comply with the reqUi￿ents of the SORP. fespace Trust meets the definit￿￿ of a public benefit entity under FRS102. Assets and liatM"lities a￿ intially recogniseil at historical cost unless otherwise 5tstd in the relevant accountiTrJ wlicy notes. The charity has opted to prepare its accounts using natJral categori¢s. Changes to accountlng ¢Stimates No changes to accountitvJ e5brnates have occurred in the reporbng peri( Mate¥lal prior period errors and changes to previous accounls A correction has been made to the opening ￿$trIcted funds. because it identif*d that the balants tarried forward at 31st Augvst 2021 was overstated by the am￿nt of deferrert inc(xne 1£21.462). that was b&ng Ileferred to the next finantial year. Reskntted funds were inadvertently oversrated by this amount. 31-ALPJ-21 Funds as originally ststed we￿. Unrestricted funds Restricted funds 77.444 439.314 516 758 31-Aug-21 Funds as restrdted are- Uvrestrirted fvnd5 Restricted funds 98,906 417,852 516 758 Nts material prigr period error5 have been idenDried in th￿ accounting penod and there have been no other change5 to provious accounts. Preparatoon of accounts on a going concern basis Preparation of the accounts is on a goin9 concern basis. The Trustees a￿ of the view that the level of reserves wlll support the charlty going forward. sets and liabilities are iniknally recognised at historlrBI ￿$t or trdr]saction valup unless otherwise stated in the relevant accouning policy no￿[5). b) Income Income is included in the Staternent of Fiftèncrdl Activities (SOFA) when: the charity becornes entidèd to the income- it is more likely than not that the trustee5 will receive the ￿ourceS.. and the monetary value can be measured with sufficient relsabillty. c) Inter*5t receivable Interest on Funds held w deposit is included when receipt Is probable and the amount can be measured reliably by the Char￿Y. this is normally upon notifiotson of the intertst paid or payable by the Bank_ d) Grènts and Donations Grants and donatlOll5 are only Induded in the SOFA when the general irwne recognrtton criteria are met {5.10 to 5.12 FRS 102 SORPI. LIFESPACE Triisr (A COMPAMY LIMrrED BY GUARA14TEE) NOTES TO THe ￿NATIC[AL STATEMENTS {ContInu￿) FOR THE YEAR ENDED 31 AUGUST 2022 e) Tax Reclalms on Donation5 and Glfts Gift Aid receivable is included in income when there is a valha declarabor* the donor. Any Gift Atd amount recove￿ on a donatlon is considered to be p6rt of that gift and is treated as an addition to the same hjnd as the inknal L1onatyon unless the donor or the terms of the appeal have specified otherwise. f) fjovernment Grants The charity has received 9overfiment grants in the reporong period. g) Fund accounting Unrestricted funds are availab￿ to spetsd on activitTes that further any purposes of the charity. Designated funds are ￿n￿$t￿tte￿ funcls of the charity which the trustee5 have decided at their diSC￿￿On to set aside to use for a specific purpose. RestrKted fvnds are donations which the donor has specified are to ￿ $014y used for parbcular areas of the charity s work or for specific projECt5 betng undertaken by the charity. Further expbnaiion of the nature arml purpose of each ￿nd is included in the notes to the financial statements. h) Expendltsjre Expenditure is account￿ for an accruals ba515 and has been classified under headings that aggr￿ale all cost related to the category. Where costs cannor be directly attributed to particular headings they have allocated to *ivities on a basis consistent ¥vith the use of resource5. Grants offered Subject to condftlOll5 which have not been met at the year end date are noted a5 commitment but noi accruecl as expenditu￿. i) Offsetting There has been no offsetting of assets and liabilities. or incotne and experses, unless requ4red or perniitted by the FRS 102 SORP or FRS 102. J) Tangible frxed assets Tangible fixed assets a￿ srated at cost less deprecIat￿n. Assets C05ting kss thèn £500 are written off in the year of purchase. Depreciatson Is provided at the following annual Fates in order to Wfite off each assei over tts estimated useful life as follows= Oftio Equlpment - 25% on a redL(ing balan￿ basts. k) Operating leases Rental charges payable under operatiftg leases are charged on a straight line basis over the terms of the lease. i) raxation The charity is exempt from tax on its charf(able aCbwt￿s. m) Legal status of the charity The charity is a company litnited by guaranteo and has no share caprial. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charty. n) Redund•n¢y payments The charity madè no redUnda￿Y payments durfng the p￿0d. o) Oebtors Debiors Ilnduding trale debtor5 and k)ans receivabk} are measured on initial ￿cOgn￿￿ at settlement amount after any trade discounts or amount advatKed by the charity. Sutsequently. they a￿ measur&Y at the cash or other conSiderat￿n expected to be received. p) Creditors The charity has c￿ditorS which a￿ me85ured at settlernent amounts less any trade diKounts. li LZFESPACE TRusr (A COMPANY LIMITED BY GUARAr¥rEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGusf 2022 2. INCOME Vnre5tricteA1 Restricted Funds Funds TOTAL 2021122 TOTAL 2020121 al Donation5 and legacie5 hari Gifts & ¢onations Gift Aid tax recoverable Grant Incorne 25.927 1,132 25,927 1.132 96.150 20,421 1,186 107.482 96,150 27,059 96.150 123 209 129 089 bl Income from other trading activiues Fundraising Dinner Fundraisiw - Marathon Fundraissng Other Events 5.930 5,930 1.867 1.867 loo 7,797 7,797 785 cl Investment iKome Bank Interest Dividend Incorr 36 420 420 1.242 456 456 dl Income from charitable activities HMRC Employment Support Grants 13,884 Lifespace Servi￿ & trainiTrJ income 97,814 97,814 90,963 104,847 el Other Income Sundry Income TQTAL 2021122 TOTAL 2020/21 HMRC Employment Support Grants Warwick Town Council Warwick5hire County Council stratford on Avon Distritt Council 13,884 1,460 1,550 950 2.860 3,000 LIFESPACE TRiisr (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMErirs (continued) FOR THE YEAR ENDED 31 AUGUST 2022 3. EXPENDtTURE UTrre5trirted Restrirted Funds Funds TOTAL 202L122 TOTAL 2020121 al Costs of raislnq funds Events Inve5trnent Management Charges Salaries & Payroll Costs 3,355 3.355 1,060 13,039 1,060 2.246 15.463 li 13,039 18,394 b) Expenditure on chfjritable activities An Audit & Accountancy Fees" Bad debts written offlfee waivered mentorin9 Bank service charg Development costs - YMPIFA Equipment & ECT sUPPOrt costs Insurance Cosis Legal Fees Licenses & Subsuiptions Off1ce rent, utilitie5 & rates Printing, Postage. ststionery & Office Supp[￿s Proféssional Fee5 Salaries & Payroll Costs T@lecommunication & Website Costs Toining Costs ri 1.140 225 176 738 6,243 2,312 1,140 225 176 2,288 S,243 2.312 1.098 145 9.605 9,666 2.565 390 922 7.175 3,353 1,489 35,167 2,129 8,236 1,550 7.370 5.002 1,163 36,231 4.472 5.750 7.370 5.002 1,163 36,231 4,472 5,750 li delive Service delivery - salarie5 and payroll costs Service delivery catering, travel etc Service delivery training and projert costs Sundry & Other Services Expenses rit8 Deprecifjbon expense li 35,497 9,855 9,731 370 89,500 124,997 9,855 13,617 370 99,076 6,274 10,939 1,871 3,e86 657 657 127 781 94,936 222,717 200 587 * Accountancy Fees 2021122 2020121 Independent exarniner's fees for repDrting on the accounts Indep&nden¢ examiner's lees for accourtancy services 461 679 440 658 LIFESPACE TRLIST (A COMPANY LIMITED BY GUARA14TEÈ) IIOTES TO THE FINANCIAL sfATEMENTS (contlnued) FOR THE YEAR ENDED 31 AUGiIST 2022 4. TANGIBLE FIXED ASSErs mG/￿TrP f￿pace Total Equlpment Equlpment Equtpment Cost Additions C05t at 01-Sep-21 7.981 7,981 31-Aug-22 Depreciation Charge DepreCiat￿n at Ol-se￿21 6,637 657 6.637 657 7.294 31-Aug-22 Net Book Value Net Book Value 31-Auo-22 31-Aug-21 1,344 1,344 Operatyng leases: On 12 December 2017, the trustees agreed a 5 year lease vitth Siemens Fiftana?I Services for an Olivetti MF254 photocopier and rinisher at £492.00 per quarter. The atnounts payable uThYer the agreement are= 31-Aug-22 31-Aug-21 ATh)unt PayaNe 1.968 1,968 5. INVESTM￿￿5 The investrnent held is a Stsndard Lrfe Wrap Investment. Movement on the investsnent since rc wa5 transferred to knfespace Trust from HeartLAnds Legacy Trust following the transfer of assets on 23rd March 2021 is shown below.. 2021122 2020121 R8Stricted Investments Re5trJtted Investments carrylng value at start of year Addition -carrylng value Ht date of thnsfer 23rd March 2021 Add/ldeductl.' tran5Fer in/loutl in the period Less= portft>lio and adv150r chèr9es Addlldeduct).. net gainlllossl on ￿Valuation Restricted Investments CaTrylng value at the end of year 417.852 382,848 (1.0601 70,911 345.881 {2,2461 417,852 Unrestrltted Investments Carrying value at start of year LnterÈst/Divldend income availab￿ for d1stribut￿n to irKome L&5-artounr transferre 110,683) (5,000) (2.896) 12,000) (20,248) 4,110 (1.214) Restricted Investment (note 51 382,848 (2.246) 37.250 417,852 122 739 417 852 Tre restrltted funds las ￿$￿te￿I are rep￿ented by.. 31-Aug-21 Investments Cash at Bank and in Hand Creditors 417,852 21.462 121,4621 417.852 Purpose of ￿$trItted funds.. Mentors at)d Volunteers Includes grants received for fflentor salaries. volunteer costs. volunteer recrtjitrnent course materials. safeguarding salaries and mentor and mefttee gifts. Youth includes grants recaved for youth ambassador and youth volunteer costs Core costs includes grants re￿iVed for CO￿ runnin9 costs. Workshops includes grants ￿ceIVed for Recov and HER syorkshops. Supervislon include5 grants received for sUpervis￿n and training Costs. rr and Equipment iTrcludes grants received for tr equipment and ￿ costs. SEND and other costs 1￿CludeS grants received for work with SEND (indvding mentor salaries, volunteer costs, IT equipment, travel and telephone expenses, and Covié PPE expenses). 17 LIFESPACE TRi (A COMPANY LIMITED BY GUAIiAIITEE) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 AUGusf 2022 11. ANALYSIS OF STAFF COSTS. TrUSTEE REMUNERATION AND EXPENSES AND THE COSF QF KEY MANAGEMENT PERSONNEL 2021122 2020121 Gross Wages and SalarEs Employer's Natlonal Insurance Costs Employment Allowance Clairned Employer's Pension Costs SMP recovered 138,784 7.533 14,239) 1,595 11.022) 118,501 6.879 (5,163) 1.439 13,6261 142 651 li 030 The charity had I full time and 9 part tirne employees at the start of the year, and 14 part time employe￿ at the end of the year. Average nurnber of overall staff rnumbe￿ by heod count that were employed in the followin9 areas of the charity were.. Attlvitiès in furtheran￿ of organisation's objettives lindudtng fvndRising) 2021122 12.0 2020121 10.0 No employees received ernoluments in excess of £60,000 (2020121- nil) The above staff a￿ paid through the PAYE system. The charity a150 pai1 up to four part-time 5elf-employed persons the year - 2021122 2020121 £ 31,615 £ 31.676 The key management per5iinnel ol the chaflty compnse the T*￿tee$ and ￿ts>r Managemer*t Teom. No Trusrees received remuTreratlon. The totsl employee benefits {1￿cluding employer national insurance atKI ernployer pensiort contributions and self employed personnel) of the key rnanag￿ent personnel of the charity were E74,250 f2020121.' £93,424). The charity offers a workplace pension Scheme and enrolled all ellgible employees on the staging date of 1st January 2017. Ernployer contributions have been budgete{1 fvr and El.595 of coTrtrfbuth?ns were paid on behalf of 4 employees during 2021122 in accordance with legislation. UFespACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS {contsn4red) FOR THE YEAR ENDED 31 AUGUST 2022 12. DIRE￿ORs AND OThER RELATED PARTtES 2021122 2020121 Ttystees Transacbon5: None Connected Partie5 Transactions-. Ros Peace - Annual Salary (connetted party to Trustee N Peace. note N Peace resigned as Trustee in July 2019 but the salary is disclosed here for tranSpa￿neY and comparative PUTposesI 143 No other Dayrnents We￿ made to d5￿Ctors or any persons connected with thern during this financial pe￿00 other than the imbur5ement of sundry direct expenses incurred and reimbursement of expenditure incurT* on behalf of the charity. No material transaction took place between the organisation and a tmst* or afiy person connected with them. The trustees confirm there are no outstandiThJ balances at the balan￿ sheet date and all payments a￿ in accordance with the goveming document. 13. RtSK AsS￿SmENT The directors artively review the rnajor risks which the charty fèces on a regular bass and believe that maintsining the free ￿serveS stated, COFnbined with the annual review of the tontro15 over key finanoal 5yStems carrie4 tsut on an annual basis Tr¥ill provide sufficient resources In the event of adverse conditions. The dirertor5 have also examined other operational and business risks which they face and confirm that they have e5tablshed systems to rn￿gate the swJnfficant risks. 14. RESERVES POLICY The directors have considered the level OF reserves they wish to retsin. appropriate to the chartty's needs. is based on the charity's slze and the level of finanoal Commit￿ents held. The di￿ttOr5 airn to ensure the charity will be able to conbnue to fulfil its charitable objectives even if there is a tempoory shortfall in income or unexpected ex￿NdIt￿re. The direttots will endeavour not to set aside funds unnecessarily. The general reserves pdicy is found on page 8 to these financial statements. 15. PUBUC BENEFIT The charity ad(nowledges its Nui￿rneDt to demonstrate Clea￿Y that li must *ave tharitable purposes or'aims, that are for the public benefit. Detalls of how the charity has achieved thi5 are provided in the Trnstees report. The Trustees confjrrn that they have paid due regard to the Chority CoFnmission gUIdan￿ on publK tenefit before deC￿Ing what attivitse5 the charity should undertake. LIFESPACE TRLisr (A COMPANY UMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENTS (c•ntinued) FOR THE YEAR ENDED 31 AUGUST 2022 16. EKfpAORDINARY INCOME {FOLLOWING CHARrrY COMBINATION) On 23rd March 2021 a vesting declaration was made by Heartlands Legacy Trust, regis*red charity numt*r 515860 to rransfer its assets to Lifespace TnJst. The assets were transferred on 23rd March 2021 and 9th 2021 and the transfer was entered onto the Charity Commiss*)n register of Mergers dated 9th Awtjst 2021. The unrestrirted bank balance aThJ restricted investment gifted was t￿￿ted as extraordinary income in the 2020121 financlal statements as it was considered to be abr)orrnal in nèture, outside of the charity's normal activiues arKI unlikely to recur. Three of the dirertors of tifespace Trust were also Trustees of Pleartland5 Le9acy Trust up to 23rd March 2021. and following the resignal￿n of S. Mccaslin frorn tife5pats Trust on 23rd March 2021, two of the directors of Lifespace Trust rernained as Trustees of H*rtlands Legacy Trust in order to oversee the transfer of assets. The amount transferred was £410,055 consisted of- 2020121 Restrritted Investment UnrestrittEd bank funds Tvtal funds 382.848 27,207 410 055 iIFESPACE TRLST (A COMPA14Y LIMITED BY GUARA14TEE) srATEMENT OF CASHFLOWS FOR ThE YEAR ENDED 31 AUGUST 2022 2021122 202012L Cash used rn operating Irtivities (a) Cash used from Investing artivltles Purchase of tangible fixed assets 12.243) Cash provided by (used in) investing artivities 2,243 Cash flows tmm financing attivitles Investment management charges 2.246 Cash used in financlng activiti85 Increaselldecrease) In cash an¢J cash equivalents in the year 28.224 Cash and cash equivalents at the stsrt of the year 110,869 82.645 TOTAL ¢05h and cash equivalents at the end of the year (b) 128 749 110 869 (a) ReconLiliation of net movement in fund$ to net cash flow from operating artivitles 202V22 2020121 Net movement in funds Add back depreciation charge Deduct divldend income shown in investing acbvyDes Dedurt investments tonsferred from merger With HLT IGain)JLoss on investments (post meryerl Decrease/lincrea5el in dei*0 Increaselldecreasel in creditors {81,806) 657 (4201 464.977 487 {1.242} 1382,8481 {37,2501 {23,487J 5,341 70,911 8.892 20,829 Net cash used in operating athvlties (b) Analysis of cash and tash equlvalents 31-Aug-22 31-Aug-21 Cash Bt bank and in hand Total cash an¢ cash equivalents 128.749 110 869 110 869 ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** I report to the trustees on my examination of the accounts of Lifespace Trust for the year ended 31st August 2022. ## **Responsibilties and basis of report** As the charity’s trustees (who are also the directors of the company 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 accounts of the charity are not required to be audited for this year 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's statement** I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or - the accounts do not comply with relevant accounting requirements under section 396 of the Companies - Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or - the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: > Date: 26th April 2023 Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF 22