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← Lifespace Trust

2024-08-31-accounts

LIFESPACE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 CHARITY REGISTRATION No: 1122170 COMPANY REGISTRATION No: 06425820 Independent Examiners Ltd Unit 2 The Broadbridge Buslness Centre Delling Lane Bosham P018 BNF

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page 2 Legal and Administrative Informatlon Pages 3 to 8 Report of the Directors Page 9 Statement of Flnanclal Actlvltles Pa9e 10 Balance Sheet Pages 11 to 21 Notes to the Financial Statements Page 22 Statemenl of Cashflows Page 23 Independenl Examiners Report to the Trustees/Directors

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2023 LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NAME Lifespace Trust CHARITY NUMBER 1122170 COMPANY REGISTRATION NUMBER 06425820 START OF FINANCIAL YEAR 1st September 2023 END OF FINANCIAL YEAR 31st August 2024 DIRECTORS THAT SERVED DURING THE YEAR TO 31 AUGUST 2024 Mr M, Humphries Ms L. Prentice Ms D. Pulley Ms R, Fernandes-Green Ms H. Stolt (resigned 22 July 2024) Ms F. Petlitt Mr M. Beardmore REGISTERED ADDRESS Tyler House, Tyler Street stratford Upon Avon CV37 61Y DATE OF INCORPORATION 13th November 2007 GOVERNING DOCUMENT Memorandum and Artlcles ol Assoclatlon incorporated 13 November 2007, as amended by Special Resolullon dated 18 November 2010 and by Certllicate of Incorporatlon on change of name dated l December 2010, as amended by Special Resolutlon dated 15 April 2024, as amended by Special Resolution dated 7 October 2024. CHARITABLE OBJECTS (al to relieve sickness and financial hardship and to promote a nd preserve good health by the provision of funds, goods or services of any kind, including through the provision of coun5ellingi mentoring and support in such parts of stratlord-upon-Avon, the United Kingdom or the world as the Trustees from time to tlme may think fil; (bl the advancement of education without prejudice to the generality of the foregoing, the provision of such ed ucation In any educational establishment and if the Trustees so decide, the provision of one or more charitable educational establishments for the general education of children or adults In such parts of Stratford-upon-Avon, Ihe United Kingdom or the world as the Trustees may from lime to tinie think fit. BANKERS Lloyds TSB INDEPENDENT EXAMINERS Independent Examiner5 Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham P018 8NF

LIFESPACE TRUST {A COMPANY LIMITED BY GUARANTEE) Introduction Lifespace is a youth charity that supports the wellbeing of young people {7 to 191 to enable them to build the self-esteem, resilience and confidence to thrive. We believe that young people are amazing and should be able to get the support they need as soon as life gets tough and for as long as they need it, Thls Is part of our Vision, Mission and Values, which we refreshed in 2021 with young people, staff and volunteers. In 2023124 Lifespace noted another record-breaking year. Although this milestone is a reason for celebration, it continues lo underscore an escalating need for our services, While we take pride in the positive changes we foster, we can't ignore the concerning social issues that surround us.. The latest NHS reports indicate that mental health referrals for children and young people have continued to rise, with figtjres exceeding 600,000 for the first half of the year, reflectin9 a growing crisis INHS Data, 2024). A survey conducted thls year, by The Office for National Statistics found Ihat 22010 of young people reported experien£ln9 mental health difficullles, with many citin9 anxlety and depression as significant concerns (The Office for National Statistics, 2024). According to a BBC report (Nov 24} more than 66,000 young people moved to home education In 2023-24 up from 28,000 in 2019-20. Dame Rachel de Souza, The Children's Commissioner for England recognises the links between SEND, socio-economic factors and Covid noting,, 'many of these children are the lockdown generalion who were al home and have found it difficult to get back" Furthermore, the 2024 Darzi investigatlon, titled 'lndependent Review of Children and Young People's Mental Health Services,, highlights several key Issues.. Early Intervention.. Empha515ing the critical need for timely support to prevent worsenlng mental health Issues. Walllng Tlmes.. Noting that waiting lists for mental health services remain excessively long, delaylng care for many young people. Increased Demand.. Observing a rise in demand for services, driven by factor5 like the pandemic and soclal medla. Systemic Gap5.' Calling for better integration of mental health Services with schools and cornmunity resource5. Funding.. Urging increased funding to addre55 service gaps and ensure adequate Support for young people, These underscore the need for comprehenslve reforms In mental health care for children and young people. It also accurately reflects our recent experiences 'on the ground.. Not all young people we work with experlence poor mental health but, without question, it is the niosl consistent theme. Over several years we have also seen the threshold5 for statutory support continue to rise and the complexities of our caseload have followed accordingly. In the past two years we have noticed a marked increase in children and young people experlencln9 anxietyi on reduced timetables and refusing (or, more accurately, feeling unable) to regularly attend school. We know that early intervention is key and helps young people to avold developing unhelpful coplng strate9les. We also know that the current status Quo, one whlch allows children an($ young people to languish on waiting lists, sometlmes for years, must be challenged. We believe in 'talking the talk. whlch Is why we've joined the Children and Young People's Mental Health Coalition and the Inclusive and Relational Approaches Worklng Group. Facilitated by Nurture UK and CYPMHC, the group brings together educallon and charity specialists lo share best practice and embed a 'Whole School Approach to Mental Health and Wellbeing. Charities like Lifespace have a vital role to play in highlighting how a more nimble, relational-basecs approach can provide cost-effective, responsive support to children and young people and positively change the course of lives! Chalr's Report We will continue to champion their voice and add ours to the call for meaningful changel I'm pleased to report 2023124 has been a significant year for Lifespace. The Trustees and I were thrilled to conclude our year by celebrating our biggest year to dale. We supported an impressive 638 young people through 6,557 one-on-one mentoring sessions.

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE} Chalr's Report (continued) We also expanded our group offerings, hosting 98 sessions that included school workshops and community youth programs, to reach n extra 473 young Individuals. As founding members of Stratford Youth Collective we were delighted to see the launch of Stratford Youth Hub and begin to offer 'free at point of need, community mentoring for young people aged I l and up. Our Youth Advisory Panel worked with us to develop a self-referral pathway for young people aged 16 and over. These accomplishments are remarkable and we take great prbde in them. Led by Lisa Carroll, in her first full year as CEO, we have also spent time reflecting on our history and future purpose. Most importantly thougli... we have listened, We've listened to young people, parents, schools and our dedicated team to find out what works, what we should do more of and how we can make th1ngs even better. Followlng thls, we developed a rolling three-year plan, launched a thorough review of systems, policies and processes, reset our mentor onboarding and introduced a comprehenslve training plan. During the year, Trustees agreed to wlthdraw £18,959 from our restricted investments. This was budgeted for, In part, to enable roll out of our database and other strategic changes. As we look towards 2024125, and our 21st year, we are adding the finlshlng touches to a new database and fine tuning our offer to schools and partners, We have secured pro-bono support from Coventry and Warwickshire Development Agency, and are preparing to launch a new, complementary servlce which, we believe, wlll help lo showcase a powerful template for an integrated systemlc approach. Mark Humphries, Chalr CEO'S Report In 'What Mental Illness Really Es land what it Isn't)" Academlc Psychologist Dr Lucy Foulkes reflects.. "To triily understand H young person s mental healtl?, we must look beyond the Individiial and conslder the broader soclal t7nd environineiit&l factors at play... What yoiing people iieed is not just a diagnosls, but a supportive framework that addresses Ihe complexities of thelr experiences and fosters reslllence., Lucy Foulkes, University of Oxford This resonates as, over the past year, we've been reflecting on why our relational approach Is so effective, A survey last year recorded that 860/0 of young people reported a positive increase In thelr wellbeing after recelving mentoring from us, During the year, we reaffirmed our methodologyi developed a robusl Theory of Change and reviewed our USP to read.. We see each young person as unique and take tlie time to really get to know each other We use a systemic approach, one where every interaction is youlh-led.. from setting the agenda to shaping the format and duration of our sessions. We do not offer prescriptive, off the shelf, fixed term or 'conveyor belt, packages of support. By truly 'seeing' each young person our mentors can work with them to build a bespoke toolkit,. exploring tools and techniques to help in the moment and lor the future. This is The Lifespace Way. Throughout the year we have engaged in a range of activities, all designed to support this: In Autiimn 2023 Lifespace began a Social Accelerator programme funded and delivered by Make Good Grow. Together with four other local good causes, we were supported to develop a business plan, inspired by the Traction model. Following significant internal and external consultation, this led to our rolling Business Plan on a page. Through the programme were gifted a number of tablet computers to support role out of our new database part-funded by The Clothworkers charity.

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) CEO'S Report (continued) At the same time, a partnership with Lifeways Therapy Centre offered In-kind and financial support towards our Mentor Supervlsion, Most notablyi we have beer> working with Systemic Psychotherapist Mark Phillips. Mark, who has extensive experience with CAMHS, Systemic practice and the Youth Criminal Justice system, began supporting group supervision sessions, as guest facilitator, in Spring 2024. This has enabled mentors to further develop their practice, and the charity to recognise the uniqueness and impact of our approach. Alongside this, we cornmenced a three-year partnership with South Warwlckshlre and Worcestershire Mlnd, dellverln9 the GAMME project a blend of group and 121 interventions in Warwick. We are pleased to report that uptake for Lifespa£e's servlces has been stron9 and new school partnerships have been developed. In the perlod to June 2024, 78 children and young people were supported across 5 schools through this service. In total, 539 sesslons were delivered, As founder members of Stratford Youth Collective we were delighted to see Stralford Youth Hub open Its doors, supporting many hundreds of young people. For our part, lifespace have supported delivery of both Junior and Senlor Youth Clubs and a series of Holidays and Food (HAFI holiday schemes. Delivery of community mentoring began alter October half term 2023, once the SYC building and mentoring space, were available, More recently, Stratford Youth Collective (SYC) established itself as a CIC with 500/0 of trustees, young people froin within tlie collective membershlp. A CEO steering group froni tlie five founding charities (Escape Arts, Lifespace, iLeap, New Meaning and Warwickshire Pride) continue to meet regularly. With the reportino year coming towards an end we engaged wlth young people, volunteers, staff and trustees to revSew progress, consider opportunities and potential risks. From this we collectively set objectives for 2024125 and started work on a complimentary income generating Service which is set to launch in Spring 2025. In summary, 2023/24 has been a traiisformative year for Llfespace. There has been a signlficant emphasis around firming up our foundations and much preparation for futLire growth. Lisa Carroll, CEO Our Vlslon That all young people have the self.esteem, resilience, and confidence to tl)rive, Our Mission We're driven to make SLire that young people have,. The time and space lo talk lo someone they trust, as soon as life gets lough and for ès long as they need it, The skills and self-awareness to improve their wellbeing. The chance to lead change, be heard and speak up on the Issues that affect them. Our Values Inclusive.. We promise to treat people fairly and wlth respect. YOUth-led'. Young people are al the heart of everytliiiig we do, Trustworthy.. We create and nurture supportive, sale and non-judgmental spaces. Ambitious.. We do our very best for each young person we siipport and all yOLing people in Olir community. Approachable.. We're open, warm and here for young people when they need us. Collaborative.. We choose to work in partnership with organisations that share our values so that we can make a bigger difference. Our Programmes Our small, committed team support young people In one of three ways.. One to One Mentoringi Group Activities,. And leadersl)ip opportunities.

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE} How our activities dellver public benefit The Board of Trustees reviews the aims, objectives and activities of the charity each year. It Is the opinion of the Trustees that we have complied with the duty in Section 4 of the Charitles Act 2006 to have due regard to public benefit guidance published by the Charity Comniission. The income and property of the charity have been applied solely towards the promotion of its objects as set out in our Memorandum and Articles of Association. No portion thereof is paid or transferred directly or indirectly by way of dividend, bonu5 or otherwise by way of profit to the members of the company. Revlew of 2023124 Mentorlng contiriues to be our most established programme. The 6,557 one to one sessions equate to an increase of almost 70/0 from the prevlous year. Our seml-commercial model combines school contributions with our own funding to provide consistent, long-term mentorshlp for young people. By working c105ely with secondary schools, SEND provlsions, Alternative Provision settings, and a select nLJmber of primary schools, we build strongi lasting relationships with pastoral teams. This flexible, sustainable approach allows us lo provide meanlngful, ongoing support to both students and faniilies, wlthout the limitations of short-term grant fundin9. Beyond our school partnerships, we also deliver Early Help services, ad-hoc Social Services support, and a smaller parent-paid provision. Through these services we directly asslsl families and their wrap around support, by ensuring young people get timely and appropriate one lo one interventions. Llfespace 15 known and trusted wlth over 20 years of experience. We are flexible In our approach to mentoring,. celebratin9 indivldualityi and provlding a bespoke, youlh-centred approach. We pride ourselves on working with all children and young people.. neuro typlcal, neuro diverse, those wilh SEND, those not in malnstream education and all genders and sexual Identities. Everythlng we do is built upon on our three pillars.. Build Confidence, Reduce Distress and Acliieve Morel Don't Just take our word for It.. "Someone understand5 tl?at what I do isn't a cholce and, instead of trying to fix It, helps me inanage It" (Mentee) (Mentee) "It helped being able to talk about difficult things that happen at home but not to a teacher. "K was welcomed with kindness and calin Into a safe space. I respected my daughter 5 privacy.. but what J could see... was a release,. a sense of freedom - which was so wonderful to see. f will always be grateful for [yourJ cruclal input into K's life during this really difficult tin)e that we continue to navigate. Its familie5 like (Is that depend and rely on the expertise of Lifespace... to help our wonderful chlldren find their way In a complex world. Thank you. (Parent) "Thank you for everything you have done to support our students throughout thls academic year. Lifespace has been a huge succe55 at our school and we very much look forward to working with you n?ore in September.- (School Partner) Earlier in this report, we discussed the growing demand for statutory support atnong young people and the challenges that come wlth rising thresholds, long waiting lists, and increasing issues like anxiety, non-attendance and the growing number of young people for whom the education offer is simply not working. Young people are regularly facing a long wait to access specialist Services and tell us that they often feel 'rushed through, or 'unseen'. Our role then is two-fold, we provide vital therapeutic support to young people on waiting lists AND help them to unpick their confirmed or prospective diagnoses, A label often isn't the 'golden bullet. and so we don't focus on this instead we help young people to feel more comforlable in their own skin, to develop their own unique 'toolkit' and to regain a sense of control. Young people always have the choice to engage with us. They shape the agenda and determine the pace and direction of each meeting. For many, attending even a single session can be the only positive experience during what may be the most challenging time in their lives.

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) inue To ensure that our mentors are the best they can be, this year we've provided external training around.. online safetyi child criminal exploitation, Safeguarding, mentoring and supervision. As we move to 2024125 we start a new three-year cyclical training programme, deslgned to ensure a consistent and hlgh level of thematic trainlng. As mentioned in our CEO report, our co-delivery with Stratford Youth Collective ISYC) has flourished throughout the year. A commitment to fund the project for a further three years {Jan 2024 - Oec 2027) was secured from Stratford Town Trust enabling the new CIC to appoint its first directly paid staff. Within the past year we provided 98 group sesslons anii workshops to an estimated 473 young people. We delivered 189 hours of 'free at point of need, Communily Mentoring and a further 346 hours of youth work provision In partnership with Escape Arts and SYC. Working directly with New Meaning, an alternative provision seltlng, we provlded 127 hour5 of youth work and mentoring to their young people. Number of Young People 62 21 Number of Sesslons io Hollday Clubs Workshops Youth Advlsory Panel (Llfespace) Youth Clubs Youth Volce (SYC) io 68 354 26 The Youth Advisory Panel and Youth Voice Groiips Ilabled above) have been well attended and have enabled young people to have a more strategic Input into the issues that they fees most passionately about. Highlights for the Youth Advisory Panel this year Include parlicipatlon in television and radio interviews for Children In Need and creation of several social media campaign5 on topics of importance to young people (including results day and Mental Health Awareness Week}. One Youlh Advisory Panel member has also been voted onto the Board of Trustees at SYC. Young people also assisted with creation of a feedback card, participated In Interview panels for key roles, Sense checked our training plan and played a direct role In settlng our 2024125 objectives. Partnership Is at the heart of our approach, as reflected in our core values. In 2023124, alongside our school partnerships, we've seen a significant increase in collaboration, particularly with Stratford Youth Collective and its mernbers. Our longstanding partnershlp with Parenting Project wa5 extended In the summer for an additional iwo years, strengthening our shared Impact. The GAMME project, Iii collaboratioii witli Soulh Warwickshlre and Worcestersliire Mind, and funded by The Charity of Thomas Oken and Nicholas Eyffler, is now well-established, with support froffl other Warwickshire-based charitles. New initiatives wlth Make Good Grow and Lifeways Therapy Centre have provided a solid foundation for future growth. Through our ongoing work, Lifespace continue to engage in cross-sector collaborations, including Wlth Warwickshire Youtli Alliaiice, the VCSE Mental Health Alliance, the Stratford Strategic Advisory Board, and Child Friendly Wa rwickshlre. Finally, our partnerships with the Children and Young People's Mental Health Coalition, Nurture UK, and several key funders allow us to share our insights and learning at a national level, contributing to wider conversations and best practices in the field. ar We have continued to build our social media presence and have tested a variety of content across our different platforms. As the reporting year came to an end we were embarking on a review of our internal and external literature, with an emphasis on providing professional, informative and acce55ible content for each audience.

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) A review of Core Team and key functions took place in 2024 with some existing roles tweaked in line with the new business plan. A thorough review of Role Descriptions and contracts followed as part of an externally cornmissioned HR review. We are fortunate to have a team of committed and skilled volunteer staff who brlng with them a variety of expertise including Irainee COL¢nsellors, youth workers, teachers, occupalional therapists, business professionals and many more. This year we increased our volunteer team by 90/0 Wlth a further cohort appolnted and trained in Dec 2023. As we closed the reporting year another cohort was also being trained ready for Aulumn 2024. Flnanclal Revlew Llfespace In numbers 2023124 638 199 30 6557 4603 46 22 24 2022123 607 179 26 2021 577 166 39 22 2020 570 121 37 21 2019 455 128 28 20 Youn Peo 7-19 Menlees continiied from revious ear Mentors staff, sessional, volunteers Nlimber of Menlorin Sessions Mentorin Hours Scliools Total Secondar includin Primar 3,742 36 23 37 23 14 30 15 15 35 17 IB ecial At YE 3118124 Lifespace Trust operated with a planned budgeted deficit Income of £9,504 (before any Investments gains/losses1 due to investment in the databse and olher strategic changes. Total income for the year was £323,04 1 and total expenditiire was £332,545 see detailed Income and Expenditure Statement page 10. The Trust's Reserve Policy is to retain 511rplus cash equiva lent to six months fixed overheads1£60,0001. Unrestrlcted free reserves at 31st August 2024 totalled £76,239. Main grants for our work have been received fron) BBC Children in Need, Tlie Rank Foundation, UK Youth, Slratford Town Trust, nPower, Clolhworkers, WHP and the Thomas Oken and Nicholas Eyffler Trust in partnership with South Warwickshire and Worcestershire Mind. Our Ihanks lo all these funders for their loyal and generous supporl for OLJr mentoring programmes. We ran a successful 'Kind2Mind' Big Give matched funding c8mpalgn In May whlch enabled us to raise over £5,000 through the generoslty of our supporters. We are fortunate and grateful to have a group of loyal regular donors, local loundalions, local businesses, CIOS aiid Cliaritable Trusts who have supported us for many years. In addition to a number of local community groups,. Rotary, Lions, and Roundlable who have allowed us to help them raise monies through various events including the ever-popular Santa Run. We were invited by St Michael's and All Angels Claverdon's CA W group to speak Sn March where a very generous group of parishioners paid generously for a delicioiis Lenten soup lunch. A cliange of venue for our support at the 'Run Through, Shakespeare marathon in April which saw a team of 10 of us congratulate runners and hand out finishers, packs. We are very thankful to Ben Humphries for donning his running shoes and braving a very wet May day in Manchester to complete an impressive I hour 45min first hall maralhon which enabled him to raise £2,500 for Lifespace. Well done Benl On 24th June, Mo and his team at Noya, Indian restaurant in Henley hosted a wonderful sell out charity evening and our thanks are to all at Naya and those many businesses and individuals who donated amazing raffle prizes.

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) Trustees Responslbllltles The Charitles Act and the Companies Act requlre the Board of Trustees to prepare financlal slatements for each financial year which give a true and falr view of the state of affairs of the charlly as at the end of the financial year and of the stjrplus or deficit of the charity. In preparing those financial statements the Board 15 required to.. select suitable accounting policies and then apply them consistenllyl make judgetnents and estimètes that are reasonable and prudent,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. The trustees are responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguardin9 the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. The trustees are also responsible for the contents of the trustees, report, and the responsibllity of the independent examiner in relation to the trustees, report is limited to exarnining the report and ensuring that, on the face of the report, there are no inconsi5tencles with the figures disclosed in the financial slatements. These accounts have been prepared in accordance with the provisions applicable to companie5 subject to the small companles, reglme, This Report ed by the Trustees on 3.2.2£ and sbgned on their behalf: M. Humphrles Trustee/Direclor and Chairman

LIFESPACE TRUST {A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Vnrestricted Restricted Funds Funds TOTAL 2023124 TOTAL 2022123 Notes Income Donations and legacles 19,517 128,072 147,589 148,002 Income from other trading activities 2b 1,531 1,531 4,611 Investment Income 2c 3,734 3,734 3,258 Income from charitable actlvlties 2d 147,137 23,000 170,137 121,445 Other Income 2e 50 50 26 Total Income 77, ExpendSture Costs of ralsing funds 18,008 18,008 16,190 Expenditure on charitable activities 3b 181,871 132,666 314,537 267,953 Total Expendlture 199 879 33 Net Income/expenditure before Investment galns/(105ses) {27,9101 18,406 {9,504) {6,801) Net galnsl(losse51 on inve5tment5 41,773 41,773 12,105) Net Income/(expenditure) (27,9101 60,179 32,269 18,906) Transfers belween funds io 22,379 (22,3791 Net movement in funds 5,531 7,800 8,906 Reconclllatlon of f unds: Total Funds Brought Forward 81,770 344,276 426,046 434,952 Total Funds Carrled Forward 382 076 458 315 426 046 Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operation5 are classed as continuing. The notes on pages 12 to 22 form part of these financial statements. io

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) Reg.company no.06425820 BALANCE SHEET AS AT 31 AUGUST 2024 Unrestricted Restricted Funds Funds 31.8.24 Total 31.8.23 Total Note Fixed Assets.. Tangible assets Investment assets 4,663 7,308 4,663 373,898 5,637 348,215 366,590 Current Assets,. Debtors Cash at bank and in hand Total Current Assets 6,565 63,261 69,826 6,565 78,747 85,312 13,873 15,486 83,920 Creditors.. amounts falling due within one year (5,5581 15,558) (11,7261 NET CURRENT ASSETS 64,268 15,486 79,7S4 72,194 TOTAL ASSETS less current liabililles 76,239 382,076 458,315 426,046 Creditors.. amounts falling due In more than one year NET ASSETS 76,239 382,076 458,315 426,046 Funds of the Charlly General Funds Designated Funds Re5tricled Funds 76,239 76,239 81,770 io 382,076 382,076 344,276 Total Funds 76,239 382,076 458,315 426,046 For the year ended 3 1st August 2024 the company was entltled to exemption from audit under sectlon 477 of the Companles Act 20tt6 relatlng to small companles. The member5 have not required the company to obtaln an audit of Its accounts for the year In ouestlon In accordance wlth sectlon 476 01 the Companles Act 2006. The directors acknowledge their responslbility for complylng wlth the requlrements of the Act wlth respect to accountlng records and the preparatlon of accoiints. These accounts have been prepared in accordance with the provisions appllcable to companles subject to the 5niall conipènles, reglme. Approved by tlie Directors on the 3.2. zg Signed on their behalf by Print Name.. M HUMPHRIES, CHAIRMAN

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 l. Accounting pollcles a) Basis of preparatlon The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. The accounts have been prepared in accordance wlth the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companles regime and in accordance wllh Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 leflective l january 20191 (Charities SORP {FRS 102)) and the Charities Act 2011. Advantage has been taken of Section 39615) of The Companie5 Act 2006 to allow the formal of the financlal statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP. Llfespace Trust meets the definitlon of a public benefit entity under FRS102. Assets and liabllltles are initially recognlsed at historical cost unless otherwise stated in the relevant accounting policy notes. The charity has opted to prepare it5 aCCOUllts uslng natural categories. Changes to accountlng estlmates No chanoes to accountino eslimales have occurred In the reportinq period. Materlal prlor perlod error$ and changes to prevlous accounts No materlal prior period errors have beeii identified In this accounting period, A clerical adjustment has been made to the presentatlon of Inveslments movement note 5, to provide better clarity, Overall fl9ures have not changed, There have been no other changes to the prevlous accounts. Preparatlon of accounts on a golng concern basls Preparation ol the accoiinls is on a going concern basis. The Trustees are of the vlew that the level of reserves will support the charily going forward. Assets and liabilities are initially recognlsed at hislorical cost or transaction value unless otherwise stated In the relevant accounting policy notels). b) Income Iiicoime Is Included in the Statement of Flnancial Aclivities (SOFA} when.. the charity becomes entitled to the income,. it 15 more likely than not thal the trustees wlll receive the resources,. and the monetary value can be measured with sufficienl reliability. c) Interest receivable Interest on fund5 held on deposlt is included when recelpt is probable and the amount can be measured reliably by the tharity; thi5 15 normally Upon notification ol the interest paid or payable by the Bank. d) Grants and Donatlons Grants and donations are only included In the SOFA when the general Income recognition criteria are met {5. 10 to 5. 12 FRS 102 SORPI. e) Deferred Income Deferred Income of £9,666 brought forward has been fully utilised in the year. 12

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 f) Tax Reclaims on Donatlons and Glfts Gift Aid receivable is included in income when Ihere is a valld declaration from the donor. Any Gift Aid amount recovered on a donatlon is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unles5 the donor or the terms of the appeal have specified otherwise. g) Government Grants The charity has received government grants totalling E5,772 in this reporting period. h) Fund accounting Unrestricted funds are available to Spend on activities that further any purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations whSch the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. l) Expendlture Expendiliire is accounted for on an accruals basis and has been cla55ified under headings that aggregate all cost relate(i to the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to condition5 which have not been met al the year end date are noted as a commltment but not accrued as expenditure, J) Offsettlng There ha5 been no offsetting of assets and liabllitles, or Income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. k) Tanglble flxed assets Tangible fixed assets are stated al cost le55 depreciation, Assets costing less than £500 are wrltten off In the year of purchase, Depreclation is provided at the following annual rates in order to write off each asset over Its estimated useful life as follows.. Office Equipment _ 250/0 on a reducing balance bashs. l ) Operatlng lease$ Rental charges payable under operating leases are charged on a straight line basls over the terms of the lease. m) Taxatlon The charity is exempt from tax on Its charitable oclivities, n) Legal status of the charity The charity is a company litnited by guarantee and has no share capital. In the event of the charity being wound Upi the liability in respect of the guarantee is limited to £1 per member of the charity. o) Redundancy payments The charity made no redundancy payments during the period. p) Debtors Debtors (including trade debtors and loans receivable} are measured on initial recognition al setllement amount after any trade discounts or amount advanced by Ihe charity, Subsequentlyi they are measured at the cash or other consideration expected to be received. q) Creditors The charity has creditors which are measured at settlement amount5 less any trade discounts. 13

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 AUGUST 2024 2. INCOME Unrestricted Restricted Funds Funds TOTAL 2023124 TOTAL 2022123 al Donations and legacies ri siness su oi Gifts & donations Gift Aid tax recoverable Grant Income 14,916 1,523 3,078 14,916 1,523 131,150 10,929 810 136,263 128,072 128 072 147 589 148,002 bl Income from other trading activities Fundraising - Dinner Fundraising - Other Events 1,531 1,531 3,469 1,142 c) Investment Income Bank Interest Dividend Income 865 2,869 865 2,869 485 2,773 dl Income from charitable activities Llfespace services & training income 147,137 23,000 170,137 121,445 147,L37 170 137 121 445 el Other Income Sundry Income 50 50 26 50 50 26 rnm rant i com TOTAL 2023124 TOTAL 2022123 Warwickshire County Council 5,772 14

LXFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 3. EXPENDITURE Re-stated TOTAL 2022123 Unrestricted Restricted Funds Funds TOTAL 2023124 a) Costs of raising fun(Ss Events Fundraising Oinner Salaries & Payroll Costs 1,810 980 15,218 1,810 980 15,218 1,200 li 14,990 16,190 b} Expenditure on charitable activities Audit & Accounlancy Fees. 8ank servlce charges Equipment & ICT support cost5 Gifts and Donations Insurance Costs Legal and Professional Fees License5 & Subscriptions Offlce rent, ulililies & rates Printingi Postage, Stationery & Office Supplie5 Salaries & Payroll Costs Telecommunication & Website Costs Tralnlng Costs 1,365 128 8,870 12 3,052 4,846 538 7,772 1,313 34,360 1,248 11,872 1,365 128 8,870 1,170 99 5,020 3,052 4,846 538 7,772 1,313 34,360 1,248 11,872 2,821 2,753 367 7,472 3,415 32,400 1,279 2,816 Service delivery - salaries and payroll costs Service delivery - catering, Iravel etc Servite delivery - training and project tosts Sundry & Other Services Expenses li 84,420 15,377 1,148 939 128,499 212,919 15,377 5,315 939 176,674 12,972 16,489 327 4,167 Depreciation expense 4,612 4,612 1,879 181,871 132 666 314 537 267 953 * Accountancy Fees 2023124 2022123 Bookkeeping fees Independent examiner's fees for reporting on the accounts Independent examiner's fees for accountancy services 135 500 730 475 695 1,365

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {contlnued} FOR THE YEAR ENDED 31 AUGUST 2024 4. TANGIBLE FIXED ASSETS Lifespace Lifespace Total Equipment Equipment Equipment Unrestricted Restricted Cost Additions Transfer Btw Funds Cost at 01-Sep-23 14,810 218 14,810 3,638 3,420 3,420 31-Aug-24 18,448 Depreciatlon Charge Disposals Depreciation at 01-Sep-23 9,173 4,612 9,173 4,612 31-Aug-24 13,785 13,765 Net Book Value Net Book Value 31-Aug-24 31-Aug-23 5,637 5,637 Operating leases.. The charity does not have any operallng leases or long term commitments as at 31st August 2024. 5. INVESTMENTS The investment held is a Standard Life Wrap Investment. Movement on the Investment Is shown below.. 2023124 2022123 Restrlcted Investments Restricted investments carrying value at start of year Add/(deduct)'. cash withdrawn to Lifespace current account Add/(deducl).' net gain/{IDss) on revaluation Restrlcted Investments carrylng value at the end of year 343,776 118,959} 345,881 366,590 343,776 Unrestrlcted Investments Carrying value at start of year InterestlDividend Income available for distribution to income Unrestrlcted carrying value at the end of the year 4,439 2,869 7,308 1,662 2,777 4,439 Total Investments 373 898 348 215 On 23rd March 2021 the trustees approved the gift of £382,848 from Heartlands Legacy Tru51 {charity commission number 5158601 The gift was made wllh a number of restrictions placed on Lifespace Trust with respect to the use of the original transferred investment value. The only circumstances the trustees can access the restricted investment is if there Is a significant grant funding shortfall issue or a n)ajor Investment or the going concern of the charity Wa5 agree(i to be less than L2 months due to lack of income and emergency funding was required. In addition only two 2 trustees have access to draw down on the deposit, after full Board approval has been granted. Lifespace is able to withdraw Ihe annual accrued interest from the restricted investment lo supplement fund raising income. In 2023124 Ihe total accrued income of £2,869 was not withdrawn and was reinvested and is available in future accounting periods. The board of trustees agreed lo transfer £18,959 from the restricted funds under the terms of the fund agreement. 16

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE} NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 6. OE8TORS AND PREPAYMENTS Unrestricted Restricted Fund Fund Total 31.8.24 Total 31.8.23 Charity Debtors 6,565 6,565 13,873 6, 565 13,873 7. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestricted Reslricled Fund Fund Total 31.8.24 Total 31.8.23 Accounts Payable Deferred Income Independent Examiners Fees 890 9,666 1,170 3,830 1,230 3,830 1,230 5,558 11,726 7.a) MOVEMENT ON DEFERREO INCOME Deferred incorne brought forward 01109123 Utilised in the year 9,666 {9,6661 Receipts in 2023124 for 2024125 Deferred Income as at 31108124 3,830 There are performance relating conditions attached to the 2023124 income thal meet the conditions for deferral. 8. CREOITORS AND ACCRUALS.. AMOUNTS FALLING DUE IN MORE THAN ONE YEAR The charity did not have any creditors or accruals falllng due In more than one year during this or Ihe previous financlal year. 9. DESIGNATED FUNDS The charity did not liold any designated funds during thls or the prevlous financial period. 17

LIFESPACE TRUST (A COMPANY LXMXTED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS Icontinued) FOR THE YEAR ENDED 31 AUGUST 2024 10. RESTRICTED FUNDS CURRENT YEAR Balance held Income deferred Income Expenditure Gain/llossl Transfer Capital on rev6luotioD Expenditure Transfer Bolafjce held OL-Sep-23 from 2022123 2023124 2023124 6tw Funds 31-Avg-24 Mentors and Volunteers Youth Core costs 98,272 5,000 19,834 12,500 5,800 {91,119} 15,000} {29,5001 {4,167> {2,8801 7,153 9,666 Supervlsbon IT and Equipment Restricted Investment Ifioie 5 8,333 500 343,776 {3,4201 41,773 {18,959) 366,590 344,276 141 406 132 666 382 076 The restrlcled funds are represented by.. 31-Aug-24 Investments Cash at Bank and in Hand 366,590 382 076 Equipment costing £3,420 was purchased from restricted funds, and transferred to the general fund. The terms of the restriction were fulfilled once the assel had been purchased, A withdrawal of £ 18,959 was made from the restrlcted investment In accordance with the terms of the fund agreement, More detail Is given in note 5, Purpose of restricted fund5'. Mentors and Volunteers includes grants received for menlor salarles, volunteer costs, volunteer recruitment, course malerial5, safeguarding manager salaries a nd mentor and mentee gifts. Also includes nientoring services provided in schools. Youth inclLides grants received for youth ambassador, yoiith volunteer costs and youth participant apprentice workers salary. Core costs includes grants received for core running costs. Supervlslon inc5udes grants received for supervision and training costs. IT and Equlpment includes grants received for IT equipment and software and programme licences 18

LIFESPACE TRUST {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 AUGUST 2024 10.a} PREVIOUS YEAR - MOVEMENT ON RESTRICTED FUNDS PREVIOUS YEAR Balance held Incorne deferred Income Expenditure 2022123 Galnlllossl Deferred Capital8alance deferrèd Balance lield on revaluation Expenditure 10 2023124 31-Aug-23 01-Sep-22 rrom 2021122 202￿23 Mentors and Volunteers Youth Core costs Supervision IT and Equipment Match Fundbng Restrlcted Investment (note 5 51,308 62,262 3,808 (113,5701 13,808) 9,666 4,672 2,500 7,000 {4,672) 12,000) 500 {7,000) 345,881 12,105) 343,776 345,881 51,308 80,242 129,050 2, L05 9,666 344 276 The restricted funds (as reslatedl are represented by.. 3 1-Aug-23 Ii)vestments Cash al Bank and In Hand Creditors 343,776 10, 166 19,666) 344,276 Purpose of restricted funds.. Mentors and Volunteers includes grants received for mentor salarie5, volunleer costs, volunteer recrullment course materials, safeguarding salaries and mentor and mentee glfls. Youth includes graiils received for youth ambassador and youth volunteer costs Core costs Includes gra nts recelved for core running cos15. Supervlslon includes grants received for supervision and training costs. IT and Equlpment includes grants received lor IT equipment and IT costs. Match funding includes matched funding received against new donors. 19

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FZNANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 AUGUST 2024 11. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL 2023124 2022123 Gross Wages and Salaries Employer's National Insurance Costs Employment Allowance Claimed Employer's Penslon Costs 228,391 14,779 15,000) 3,066 189,202 11,066 16,451} 1,748 241 236 195 565 The charity had 14 part lime employees al the start of the year, and 14 part time employees at the end of the year. Average number of overall staff numbers by head count that were employed in the following areas of the charity were.. 2023124 16.0 2022123 14.0 Actlvitles Sn furtherance of organisatlon's objectlves {Including fundralsing) No employees recelvecj emoluments in excess of £60,000 (2022123.. nil) The above staff are pald through the PAYE system. The charlty also pald up to four part-time self-employed persons during the year 2023124 2022123 £ 20,290 £ 29,502 The key management personnel ol the charlly comprise the Trustees and Senior Management Team. One Trustee received remuneration as disclosed in note 12. The total employee benefits (including employer national insurance and employer penslon contributions and self employed personnel) of the key management personnel of the charity were £84,65012022123'. £82,764). The charily offers a workplace pension scheme and enrolled all eligible ernployees on the staging date of 1st January 2017. Employer contributions have been budgeted for a nd £3,066 of contribulions were paid on behalf of 8 employees dLiring 2023124 In accordance with legislation. 20

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024 12. DIRECTORS AND OTHER RELATED PARTIES 2023124 2022123 Trustees Transactions.. Nil {2022123: Trustee L Prentice acted as a temporary CEO whilst a replacement É was being recruited, and received gross remuneration for that role of £18,625. The charity also paid employer Nl (before any HMRC allowance) of £2,046 in connection with this role. This payment was permitted under clause 6 of the memorandum and articles of association). 20,671 Connected Parties Transactions.. None No other payments were made lo directors or any persoiis connected with them during this financlal period other than the reimbursement of sundry dlrect expense5 incurred and reimbursement of expenditure incurred on behalf of the charity. No material transactlon took place between the organisalion and a trustee or any person connected with them, The trustees conflrm there are no outstanding balance5 at the balance sheet date and all payments are In accordance with the governlng document. 13, RISK ASSESSMENT The directors actively review the major risks whlch the charlly faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carrled out on an annual basis will provide sufliclent resources in the event of adverse condilions. The directors have also examined other operatlonal and business risk5 whicli they face and confirm that they have established systems to mitigate the significant risks. 14. RESERVES POLICY The dlreclors have considered the level of reserves they wish to relain, appropriate to the charity's needs. Thls Is based on the charity's size and the level of financial commitments held. The director5 aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily. The general reserves pollcy Is found on page 8 to these financial statements. 15, PUBLIC BENEFIT The charity acknowledges Its requlrement lo demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity has achieved Ihis are provided in the Trustees report. The Trustees confirm that they have pai(5 due regard to the Charity Commission guidance on public benefit before deciding what octivllies the charity should undertake. 21

LIFESPACE TRUST (A COMPANY LIMITED BY GUARANTEE} STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2023124 2022/23 Cash used In operatlng actlvltles {al Cash used trom Investing actlvitles Investment withdrawal Purchase of tangible fixed assets 18,959 {3,638} (4, 586) Cash provlded by (used In) investing activities 4,586 Cash flows from flnanclng actlvltles Repayment of borrowln9 Cash used In flnanclng actlvltles Increase/{decreasel in cash and cash equivalents in the year Cash and cash equivalents at the slarl of the year 70,047 128,749 TOTAL cash and cash equlvalents at the end of the year (b) {?) Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2023124 2022123 Net movement in funds Add back deprecialioii charge Deduct dividend and interest income (Gainl/Loss on investrnents Decrease/lincrease} in debtors Increaselldecrease) in creditors 32,269 {8,9061 4,612 1,879 {2,869) (2,7771 (41,773) 2,105 7,308 1,866 {6,168) (48,2831 Net cash used In operatlng actlvitles (b) Analysls of cash and cash equlvalents 31-Aug-24 31-Aug-23 Cash at bank and in hand Total cash and cash equivalent5 78,747 70,047 70,047 22

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 2024.

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

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Charity Independent Examiners,which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

• the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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: J Irvinesmith FCIE

Date: 6 February 2025

Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

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