Registered number: 6643013 Charity number: 1125525
FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
FULL OF LIFE
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 8 |
| Independent auditors' report on the financial statements | 9 - 12 |
| Statement of financial activities | 13 |
| Balance sheet | 14 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 16 - 27 |
FULL OF LIFE
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021
Trustees
Mrs Virginie Isbell, Joint Chair Mrs Sue Redmond, Joint Chair Mrs Sue Stirling, Secretary Mrs Christine Potter, Treasurer Mrs Susan Bromley-Challenor Mrs Claire Durtnall
Company registered number
6643013
Charity registered number
1125525
Registered office
Kensal House Annex 379 Ladbroke Grove London W10 5BQ
Company secretary
Mrs Sue Stirling
Independent auditors
Baldwin Scofield Ltd Chartered Accountants Statutory auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU
Bankers
National Westminster Bank plc 25 Shepherds Bush Green London W12 8PR
Page 1
FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their annual report together with the audited financial statements of the Full of Life for the 1 April 2020 to 31 March 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
Policies and objectives
The principal object of the company is to benefit children and young people who are disabled in the Royal Borough of Kensington and Chelsea.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Activities undertaken to achieve objectives
The charity achieves its objectives through the services it provides to the families and carers of children with disabilities within the Borough of Kensington & Chelsea.
It delivers services to parents primarily through its premises at Kensal House annex.
Main activities undertaken to further the Company's purposes for the public benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for the public benefit. Details of how the charity has achieved this are provided in this report.
Achievements and performance
Review of activities
This year has seen Full of Life and indeed the UK face unprecedented situations because of Covid 19. It has left families traumatised, grief stricken and having to live with potentially lifelong aftereffects of this dreadful disease.
Full of Life along with the country went into two lockdowns, we lockdown from 27/04/2020 to 02/08/2020 and from 04/01/2021 to 11/04/2021.
Despite the health and social care systems knowing that people with learning disability were 30% more likely to die from COVID 19 they were not given any priority locally for vaccinations. Full of Life lobbied hard for this to happen, in fact we shamed people into doing something. We ensured that all young people who accessed our services had home visits from a ‘roving vaccination team’ that was already set up to vaccinate elderly people. This raised the profile of other people with learning disabilities who also had access to this team.
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FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Achievements and performance (continued)
Review of activities (continued)
Before we reopened our services for young people we created a one-way system throughout the building, employed a full-time infection control person who would manage infection control throughout the day. As soon as everyone was double vaccinated, we re-opened the centre for young people. Control measures were put in for everyone coming on site. We are very proud to say that no one has caught the virus whilst in our care. Our staff team have been incredible keeping young people safe and of course themselves.
We decided that our Family Support Services, Carers Advocacy Service, Information Advice and Support Services would all work from home as this would limit the amount of people attending our building. Our Parent Forums went online, ultimately, we continued to offer families support throughout the pandemic.
The pandemic has highlighted something we already knew….that we have an amazing staff team who truly care for our families.
The year continued to be an extremely busy year, we continued to build our partnership work with children and family’s services, adult social care and health all the while keeping our independence.
We worked closely with Children and Family Services by ensuring that families had up to date information in terms of short break services they were providing during lockdown. We also ensured that families knew of any changes to the use of personal budgets and how to get additional support.
Family Support and Carers Advocacy Service:
Our Family Support and Carers Advocacy services continue to be a lifeline for families in what is a lifelong journey of caring for a disabled child. Our services ensure that there are no gaps in support for families when a child is newly diagnosed or when they reach transition from children to adult services. There continues to be an increase in families accessing both services due to financial and emotional pressures and in the case of the Carers Advocacy Service for support with the SEN process into secondary school/college. Both services have been vital in referring some parents for counselling and other health services as well as supporting parents through difficult times due to their own serious health concerns.
Information Service:
Our Information Service is a practical enabling resource for families and professionals. Facebook, text messaging and emails continue to be parents preferred methods of being reminded about our forums, newsletters, training and focus group/consultations. Our Guides and Mini Guides help families understand specific topics such as ‘Understanding Sensory Integration Issues’ ‘Managing Behaviours’. Our Information service continues to play a vital role, ensuring parents are kept up to date with all changes due to the Children and Families Act and Care Act as well as changes to local services. In the next year we will redo our website which will include training and information animations all of which we hope will be even more user friendly to empower our families.
IASS:
Our IASS (Information Advice and Support Service) continues to deliver a high-quality independent service online and is extremely busy. The service ensures that families understand the process of SEND. As part of this service, we have developed an Independent Support Service (IS) which works with families in Early Years, then refers directly into the IASS service when a child is ready to attend primary school. This service has been extremely helpful to families as we enable and inform parents early in their journey of raising a child with SEND. The Service has also provided specific training sessions for parents ensuring they are confident when attending meetings with schools or with other professionals. When a child reaches the age of 16 the IASS service refers to our Carers Advocacy Service, therefore ensuring continuity of support for parents through the SEND process from 0-25. Our real strength continues to be the stability and continuity of service that we deliver and the trust families place in our service being truly independent of the Local Authority. We have delivered this service for over nineteen years, and it has now seen generations of children through the SEN process.
Page 3
FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Achievements and performance (continued)
Parent Participation:
Our Parent Participation project has continued with our forums continuing online ensuring that parents have access to expert training and support each other with the unique expertise they have gained from raising a child with SEND. The forums ensure parents have the opportunity to meet with Local Councillors, professionals from Health, Education and Social Care, to share their expertise, views or concerns about local services with the aim to develop them to meet family’s needs. We also use the forums to deliver training or consultation sessions which develop from our direct work with families. This year they have included representatives from RBKC Education Dept, Health and Social Care, ASSET, Joanna Grace (Sensory Spectacle) and Professor Luke Clements. The forums help shape, keep and develop local services that best meet our family’s needs. It is wonderful to see so many parents working together for the benefit of all families which is one of the core values of Full of Life.
Despite the Pandemic our services for young people continue to evolve, and are seen as an example of good practice ensuring young people stay in our local community with their families and friends. They have also been instrumental in keeping stability in young people’s lives when they transition from children to adult services. Young people continue to access a wide variety of opportunities that develop their individual skills, identify their unique gifts and talents, which helps them gain work experience, volunteering or creative opportunities. Due to the pandemic, we have kept most of our activities local we have cancelled work experience and volunteering opportunities to ensure we are keeping people safe. But young people are still building their skills within our centre.
Our service also ensures young people access preventative and acute health services, thereby addressing the risk of health inequalities sadly faced by people with learning disabilities. We provide online Yoga, Sports, Drama, Music Sessions and online Music Therapy which help build young people’s confidence in themselves and the staff who work for them. We continue to be part of the Nurse Associates Programme via Chelsea Westminster Hospital NHS Trust. We are very proud to be able to share our expertise with staff knowing that it will help people when they attend hospitals. Through this programme Nurse Associates are offered a week’s placement at Full of Life and learn a lot about working with young people with complex needs. Their feedback has been extremely positive, and we look forward to working with more people in the New Year.
Strategic Work
Children and Families:
The Implementation of the Children and Families Act and the Care Act continues to bring changes to how children, young people and their parents access the support they need to live a happy, healthy life. Our staff team continue to offer a high-quality online service to families. Our Parent Forums also ensure that parents’ expertise is recognised and developed, this has led to parents being available to be part of Bi Borough Commissioning Services and RBKC Interview Panels. The Forums also help parents to feel confident in advocating for their child and participate in consultations and focus groups that develop services that matter to them. We are so proud of the feedback we have received from families during this pandemic, knowing they have an independent organisation like Full of Life supporting them makes a huge difference.
We sit on all Strategic Boards, Working Groups and Committees dealing with Education, Health and Social Care. Following the development of the ‘You Said We Will’ document that maps and shapes local SEND Services, we continue to hold a series of online SEN surgeries that enable families with the support of Full of Life to meet professionals from SEN Team to discuss specific issues relating to individual children. This has helped build relationships and resolve issues.
Health:
We continue to be part of a multidisciplinary team helping to shape hospital services as well as delivering training to staff at Chelsea Westminster Hospital NHS Foundation Trust. Over the past seven years over 6,000 staff from all hospital departments have attended. Sadly, due to COVID we have had to cancel this year’s sessions. But we continue to see the benefit of the hospitals unique Learning Disability flagging system which identifies the access needs of children, and adults with Learning Disabilities. This helps the hospital to identify any gaps in its
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FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Achievements and performance (continued)
service, ultimately improving access to acute healthcare for our sons and daughters. We have also provided online training this year to staff at St Mary’s Hospital and Imperial College junior Doctors. Feedback from all training sessions is extremely positive.
Adult Learning Disability Services:
Although we took part in the development of RBKC’s Big Plan we felt that nothing had been achieved by it, there was no way of mapping any progress and families ultimately felt it was another piece meaningless paperwork. We therefore developed our own report into local adult social care. ‘Full of Life …a Need for Change’. This report was sent to all families, senior officers in RBKC and in Health as well as local Councillors. We have developed two working groups that will include parents and professionals one will look at Long Term Planning and the second will look at wider issues. COVID 19 has highlighted the absolute lack of emergency planning, housing, and other services to support people with learning disabilities. We have agreed with officers that we will work on this for a year to see what progress has been made and reassess the situation.
Adult services are where our sons and daughters will spend most of their adult life, its vital that they are fit for purpose and that families have trust knowing their sons and daughters are cared for when they are no longer here.
Health Services continue to be a priority for our families. We have taken part in a consultation process for the restructuring of SALT services for children which has led to the development of the Speech and Language Parent Champion Programme. We sit on Chelsea Westminster Hospitals Learning Disability forum. Our training sessions in partnership with RBKC Learning Disabilities Team and Chelsea Westminster Hospital has been suspended due to COVID, we hope to resume this work once it is safe to do so. But we are very proud of the fact that over 6000 staff have been trained so far and that the Hospitals Learning Disability Flagging System, Hospital Passports and Accessible Information about the Hospitals Pharmacy services are embedded as good practice for children and adults with learning disabilities.
The Community Dental Services at St Charles Hospital continues to deliver a truly high quality accessible dental services and feedback from our families about all acute services have been extremely positive.
We continue to support over 700 families and professionals from RBKC. We are proud to say that we have the most dedicated staff team who are committed to providing families with the most up to date, practical and empowering information and service. All of our families, and young people trust our team for their independence, integrity and caring attitude. We are truly honoured to say that families continue to view us as part of their family.
In the coming year, we will continue to work hard to support our families and will ensure their voices and the voices of their children are heard, we will especially focus on Adult Learning Disability Services and Local Housing.
We are extremely grateful to RBKC Children and Families Services, RBKC Adult Learning Disability Services, North West London CCG, DFE, Kensington and Chelsea Foundation, DMGT, Local Businesses, Schools and Individuals for their continued support both financially and in kind.
We look forward to another busy year!
Fundraising activities and income generation
As stated in the section on principal funding, the charity relies almost exclusively on funding from local government and grant making bodies. It does not employ a professional fund-raiser nor is it actively involved in fundraising from the public. The small number of donations recieved are unsolicited, freely given, donations from friends and family of clients.
Page 5
FULL OF LIFE (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Principal funding
The principal funding of the charity is from local government through grants provided by the Royal Borough of Kensington & Chelsea's Children with Disabilities Team and Learning Disabilities Team.
Structure, governance and management
Constitution
Full of Life is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
The principal object of the company is to benefit children and young people who are disabled in the Royal Borough of Kensington & Chelsea to relieve need, advance education and provide or assist in the provision of facilities for recreation or other leisure time occupation for such persons and for such immediate members of their families having need of such facilities by reason of their poverty or social and economic circumstances with the object of improving their conditions of life.
Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
Organisational structure and decision-making policies
The Trustees are responsible for the running of the charity and hold regular management committee meetings for this purpose. The day to day administration of the charity is delegated to Mr Frank Redmond, the spouse of the Joint Chair of Trustees.
Financial risk management
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of controls over key financial systems will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks that the charity faces and confirm that they have established systems to mitigate the significant risks.
Page 6
FULL OF LIFE (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Plans for future periods
As the financial year came to an end, the onset of the global Coronavirus pandemic forced the charity to close the centre. Some services such as family support and advocacy, which could be done online, have continued throughout the period since the year end. The centre was able to reopen in July but again had to close in December 2020, and remains closed.
The charity has furloughed the vast majority of staff with a skeleton staff still operating the reduced services that can be delivered. The trustees are confident that the measures taken to ensure that grant funding is still being received and the cost saving through the government job retention scheme has kept the charity in a strong financial position.
Members' liability
The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
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so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
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that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
Page 7
FULL OF LIFE (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Auditors
The auditors, Baldwin Scofield Ltd, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees on 26 January 2022 and signed on their behalf by:
Mrs Sue Redmond
Page 8
FULL OF LIFE
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FULL OF LIFE
Opinion
We have audited the financial statements of Full of Life (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Page 9
FULL OF LIFE
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FULL OF LIFE (CONTINUED)
Other information
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 10
FULL OF LIFE
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FULL OF LIFE (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant are those that relate to the reporting framework in conformity with the requirements of the Companies Act 2006 and Charities Act 2011 and the relevant direct and indirect tax compliance regulations in the United Kingdom.
We understood how Full of Life is complying with those frameworks by making enquiries of management to understand how the charitable company maintains and communicates its policies and procedures in these areas and corroborated this by reviewing supporting documentation and minutes of meetings of those charged with governance.
We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur by considering the risk of management override to be a fraud risk. In addition, we considered the risk of management override by sampling from the entire population of journals, identifying specific transactions which did not meet our expectations based on specific criteria and investigated these to gain an understanding and then agree back to source documentation.
Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our procedures involved verifying that material transactions were recorded in compliance with Financial Reporting Standards in conformity with the requirements of the Companies Act 2006 and Charities Act 2011.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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FULL OF LIFE
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FULL OF LIFE (CONTINUED)
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Baldwin Scofield Ltd
Chartered Accountants Statutory auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU
26 January 2022
Baldwin Scofield Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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FULL OF LIFE
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net income Transfers between funds 13 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2021 £ 199,954 435,908 - 635,862 576,092 576,092 59,770 12,912 72,682 648,575 72,682 721,257 |
Unrestricted funds 2021 £ 4,591 189,204 602 194,397 164,686 164,686 29,711 (12,912) 16,799 532,816 16,799 549,615 |
Total funds 2021 £ 204,545 625,112 602 830,259 740,778 740,778 89,481 - 89,481 1,181,391 89,481 1,270,872 |
Total funds 2020 £ 94,255 813,009 2,024 |
|---|---|---|---|---|
| 909,288 | ||||
| 806,505 | ||||
| 806,505 | ||||
| 102,783 - |
||||
| 102,783 | ||||
| 1,078,608 102,783 |
||||
| 1,181,391 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 16 to 27 form part of these financial statements.
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FULL OF LIFE (A company limited by guarantee) REGISTERED NUMBER: 6643013
BALANCE SHEET AS AT 31 MARCH 2021
| Note Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total net assets Charity funds Restricted funds: Restricted funds excluding pension asset 13 Pension reserve 13 Total restricted funds 13 Unrestricted funds 13 Total funds |
116,208 1,162,344 1,278,552 (7,680) 734,054 (12,797) |
2021 £ 1,270,872 1,270,872 721,257 549,615 1,270,872 |
173,070 1,027,917 1,200,987 (19,596) 648,575 - |
2020 £ 1,181,391 |
|---|---|---|---|---|
| 1,181,391 | ||||
| 648,575 532,816 |
||||
| 1,181,391 |
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
However, an audit is required in accordance with section 145 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 26 January 2022 and signed on their behalf by:
Mrs Virginie Isbell
The notes on pages 16 to 27 form part of these financial statements.
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FULL OF LIFE (A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 16 to 27 form part of these financial statements |
2021 £ 134,427 - 134,427 1,027,917 1,162,344 |
2020 £ 141,543 |
|---|---|---|
| - | ||
| 141,543 886,374 |
||
| 1,027,917 | ||
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. General information
Full of Life is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Full of Life meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
2. Accounting policies (continued)
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
3. Income from donations and legacies
| Donations Grants Government grants Total 2020 Income from charitable activities Income from charitable activities Total 2020 |
Restricted funds 2021 Unrestricted funds 2021 £ £ - 4,591 52,619 - 147,335 - 199,954 4,591 91,000 3,255 Restricted funds 2021 Unrestricted funds 2021 £ £ 435,908 189,204 363,149 449,860 |
Total funds 2021 £ 4,591 52,619 147,335 204,545 94,255 Total funds 2021 £ 625,112 813,009 |
Total funds 2020 £ 3,255 91,000 - |
|---|---|---|---|
| 94,255 | |||
| Total funds 2020 £ 813,009 |
|||
4. Income from charitable activities
5. Investment income
| Unrestricted funds 2021 £ Investment income - local cash 602 Total 2020 2,024 |
Total funds 2021 £ 602 2,024 |
Total funds 2020 £ 2,024 |
|---|---|---|
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
6. Analysis of expenditure on charitable activities
Summary by fund type
| Direct costs of charitable activities Total 2020 |
Restricted funds 2021 Unrestricted funds 2021 £ £ 576,092 164,686 388,667 417,838 |
Total funds 2021 £ 740,778 806,505 |
Total funds 2020 £ 806,505 |
|---|---|---|---|
7. Analysis of expenditure by activities
| Direct costs Total 2020 |
Activities undertaken directly 2021 £ 733,098 802,665 |
Support costs 2021 £ 7,680 3,840 |
Total funds 2021 £ 740,778 806,505 |
Total funds 2020 £ 806,505 |
|---|---|---|---|---|
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Activities and projects Care and support costs Covid-19 costs Cleaning costs Consumables Insurance Equipment costs Office costs Printing, stationery and postage Rent and rates Repairs and maintenance Contract staff Telephone Training Travel Utilities Bank charges Legal and professional fees Doubtful debts provision Total 2020 Analysis of support costs |
Activities 2021 £ 675,555 7,832 - 1,159 2,676 6,663 2,141 6,068 5,328 2,480 7,088 5,659 1,019 3,253 9,101 16 2,258 531 4,688 (10,417) 733,098 802,665 |
Total funds 2021 £ 675,555 7,832 - 1,159 2,676 6,663 2,141 6,068 5,328 2,480 7,088 5,659 1,019 3,253 9,101 16 2,258 531 4,688 (10,417) 733,098 802,665 |
Total funds 2020 £ 639,529 16,592 10,092 - 1,380 14,088 2,324 3,807 6,493 2,156 11,829 11,721 26,343 3,751 8,325 2,743 2,034 542 11,877 27,039 |
|---|---|---|---|
| 802,665 | |||
| Audit fees Total 2020 |
Activities 2021 £ 7,680 3,840 |
Total funds 2021 £ 7,680 3,840 |
Total funds 2020 £ 3,840 |
|---|---|---|---|
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
7. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
8. Auditors' remuneration
| Fees payable to the Company's auditor for the audit of the Company's annual accounts Staff costs Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2021 £ 3,840 2021 £ 495,051 153,231 27,273 675,555 |
2020 £ 3,840 |
|---|---|---|
| 2020 £ 482,179 131,160 26,190 |
||
| 639,529 |
9. Staff costs
The average number of persons employed by the Company during the year was as follows:
| 2021 No. Care and support staff 35 No employee received remuneration amounting to more than £60,000 in either year. |
2020 No. 37 |
|---|---|
During the year the spouse and son of Mrs Sue Redmond, a trustee, received salaries from the charity. Mr Frank Redmond received £54,483 (2020: £54,483) and Mr Peter Redmond received £7,344 (2020: £11,422). In addition, during the year they were reimbursed expenses incurred on behalf of the charity a total of £8,596 (2020: £10,622).
10. Debtors
| Due within one year Trade debtors |
2021 £ 116,208 116,208 |
2020 £ 173,070 |
|---|---|---|
| 173,070 |
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
11. Creditors: Amounts falling due within one year
| Other taxation and social security Accruals and deferred income |
2021 £ - 7,680 7,680 |
2020 £ 12,036 7,560 |
|---|---|---|
| 19,596 |
12. Financial instruments
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 1,162,344 | 1,027,917 |
Financial assets measured at fair value through income and expenditure comprise bank balances.
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General fund Restricted funds WLCCG fund Adult reserves Children & Families Act 2014 Development fund DFE Independent support Information Service Grant Kensington & Chelsea NHS Kensington & Chelsea Foundation Parent Participation Grant Family Support Services Local officer National Children's Bureau RBKC PCT Carers support Learning Disabilities Contract WLCCG HR fund WLCCG Therapy Grenfell Tower fund Keeping Well CAMHS RBKC IASS Service Other small funds RBKC AS contract Job retention scheme fund Total of funds |
Balance at 1 April 2020 £ 532,816 3,272 132,224 13,220 10,710 37,921 127,206 8,501 14,187 4,057 1,474 2,050 2,866 141,000 - 55,042 48,672 25,438 7,000 18,867 4,540 (9,672) - 648,575 1,181,391 |
Income £ 194,397 228,809 - - - - - - 16,714 11,905 18,673 - - 38,000 - - - - - 24,000 - 150,426 147,335 635,862 830,259 |
Expenditure £ (164,686) (87,975) - - (2,032) (11,030) (16,409) (432) (19,069) (14,393) (19,735) - - (16,841) (3,524) (43,619) - (4,320) (200) (20,414) (2,301) (153,666) (160,132) (576,092) (740,778) |
Transfers in/out £ (12,912) (72,858) - - - - - - - - - - - 9,500 3,922 35,100 24,336 - - - - 12,912 - 12,912 - |
Balance at 31 March 2021 £ 549,615 71,248 132,224 13,220 8,678 26,891 110,797 8,069 11,832 1,569 412 2,050 2,866 171,659 398 46,523 73,008 21,118 6,800 22,453 2,239 - (12,797) 721,257 1,270,872 |
|---|---|---|---|---|---|
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
13. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General fund Restricted funds WLCCG fund Adult reserves Children & Families Act 2014 Development fund DFE Independent support Information Service Grant Kensington & Chelsea NHS Kensington & Chelsea Foundation Parent Participation Grant Family Support Services Local officer National Children's Bureau RBKC PCT Carers support Learning Disabilities Contract WLCCG HR fund WLCCG Therapy Grenfell Tower fund Keeping Well CAMHS RBKC IASS Service Other small funds RBKC AS contract Total of funds |
Balance at 1 April 2019 £ 495,515 - 132,224 17,700 12,660 47,052 143,901 8,501 15,019 875 498 2,050 2,866 131,255 9,082 - - 33,328 7,000 14,351 4,731 - 583,093 1,078,608 |
Income £ 455,139 75,178 - - - - - - 14,000 15,000 18,673 - - 38,000 - 70,200 48,672 - - 24,000 - 150,426 454,149 909,288 |
Expenditure £ (417,838) (71,906) - (4,480) (1,950) (9,131) (16,695) - (14,832) (11,818) (17,697) - - (28,255) (9,082) (15,158) - (7,890) - (19,484) (191) (160,098) (388,667) (806,505) |
Balance at 31 March 2020 £ 532,816 3,272 132,224 13,220 10,710 37,921 127,206 8,501 14,187 4,057 1,474 2,050 2,866 141,000 - 55,042 48,672 25,438 7,000 18,867 4,540 (9,672) 648,575 1,181,391 |
|---|---|---|---|---|
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
14. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at 1 April 2020 £ 532,816 648,575 1,181,391 |
Income £ 194,397 635,862 830,259 Balance at 1 April 2019 £ 495,515 583,093 1,078,608 |
Expenditure £ (164,686) (576,092) (740,778) Income £ 455,139 454,149 909,288 |
Transfers in/out £ (12,912) 12,912 - Expenditure £ (417,838) (388,667) (806,505) |
Balance at 31 March 2021 £ 549,615 721,257 |
|---|---|---|---|---|---|
| 1,270,872 | |||||
| Balance at 31 March 2020 £ 532,816 648,575 |
|||||
| Summary of funds - prior year | |||||
| General funds Restricted funds |
|||||
| 1,181,391 |
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Current assets Creditors due within one year Total |
Restricted funds 2021 Unrestricted funds 2021 £ £ 721,257 557,295 - (7,680) 721,257 549,615 |
Total funds 2021 £ 1,278,552 (7,680) |
|---|---|---|
| 1,270,872 |
Page 25
FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
15. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Restricted funds 2020 £ 648,575 - 648,575 |
Unrestricted funds 2020 £ 552,412 (19,596) 532,816 |
Total funds 2020 £ 1,200,987 (19,596) |
|---|---|---|---|
| 1,181,391 |
| 16. Reconciliation of net movement in funds to net cash flow from operating activities 2021 £ Net income for the year (as per Statement of Financial Activities) 89,481 Adjustments for: Decrease in debtors 56,862 Increase/(decrease) in creditors (11,916) Net cash provided by operating activities 134,427 17. Analysis of cash and cash equivalents 2021 £ Cash in hand 1,162,344 Total cash and cash equivalents 1,162,344 |
2020 £ 102,783 |
|---|---|
| 29,694 9,066 |
|
| 141,543 | |
| 2020 £ 1,027,917 |
|
| 1,027,917 |
Page 26
FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
18. Analysis of changes in net debt
| Cash at bank and in hand | At 1 April 2020 £ 1,027,917 1,027,917 |
Cash flows £ 134,427 134,427 |
At 31 March 2021 £ 1,162,344 |
|---|---|---|---|
| 1,162,344 |
19. Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £27,273 (2020: £26,190) for the year.
Page 27