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: 

- 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 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 

23