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 2023
FULL OF LIFE
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' repor | 2-7 |
| Independent auditors' repor on the financial statements | 8 - 11 |
| Statement of financial activities | 12 |
| Balance sheet | 13 |
| Statement of cash flows | 14 |
| Notes to the financial statements | 15 -26 |
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 2023
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 Claudine Mahoro-Nyirigira Margaret Powers
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 pie 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 2023
The Trustees present their annual report together with the audited financial statements of the Full of Life for the 1 April 2022 to 31 March 2023. 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 return to our new normal. We continue to lobby and raise the profile of the needs of people with learning disabilities and their parent carers locally.
Our staff team continue to do an incredible job by offering a fun, safe and happy environment and service for all young people who attend our service.
Based on families feedback our Family Support Services, Carers Advocacy Service, Information Advice and Support Services now offer a service that combines Teams and in person meetings with families. Feedback from families is extremely positive, it also allows our staff team to support even more families. Our parent forums are held in person, it's been lovely to see so many parents. As ever we base our parent forums on requests from parents as well as national and local changes.
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FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance (continued)
• Review of activities (continued)
Our partnership with Dr Jo Stubley and Margaret Rowson from the Tavistock Institute grows from strength to strength. We have secured 1 8 months specialist funding for parents and Full of Life have added six months funding to ensure we can deliver the service for two years, after which we hope to build even more evidence of need for our parents. We have also held three group counselling sessions which were extremely popular.
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.
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 Family Support Service has continued to build links with Early Years Settings and Nurseries by attending more outreach sessions. 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 'Post 16' and 'Mediation Mini Guide'. 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. Our website has been updated and includes training and information videos, all of which are user friendly and empower our families. This year we will continue to build our guides and mini guides based on our direct work with 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. We have also noticed an increase in families asking for our help whose children/young person does not have SEND but have mental health issues. We are raising these cases with RBKC and the ICB and hope that a clear pathway to help will be developed locally for families. 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 twenty years, and it has now seen generations of children through the SEN process.
Parent Participation:
Our Parent Participation project has continued with our forums now taking place face to face. Our core belief is parents empowering other parents, this continues to happen via our forums and outside of Full of Life. Parents have unique expertise they have gained from raising a child with SEND and sharing this empowers other families. The forums ensure parents can 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, The Challenging Behaviour Foundation, RBKC Health and Social Care and Professor Luke Clements, the forums help shape,
Page 3
FULL OF LIFE (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance (continued)
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.
Day Services for People with Complex Needs:
Our services for people with complex needs continue to evolve and are seen as an example of good practice ensuring 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. People who attend our services 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 and volunteering opportunities. This year we are hoping to rebuild our links with local businesses and volunteering opportunities, in the meantime people continue to build their life skills within our centre, which are also evaluated independently by ASDAN.
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 Yoga, Sports, Drama, Music Sessions, and 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 St Marys Hospital and Chelsea Westminster Hospital NHS Foundation 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 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. Our partnership work offering trainee nurses from Imperial College placements within our service continues to be another successful element of our service.
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 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 sit on all Strategic Boards, Working Groups and Committees dealing with Education, Health and Social Care. The 'You Said We Will' document that we developed in partnership with RBKC SEND and Health Teams continues to map and shape local SEND Services. Our SEND surgeries now take place in person, they 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 quickly.
We will continue to build and develop our partnership work with RBKC SEND and Health to ensure services develop to meet the needs of our families.
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. 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 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:
We continue to have regular meetings with professionals from Adult Social Care and Health to discuss services provided to people with learning disabilities and their families. This year we have focused on housing; our partnership work has led to RBKC Housing agreeing to allocate five properties per year for people with moderate learning disabilities who may be able to live independently with some support in the community.
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FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance (continued)
We have supported RBKC's bid to buy the Notting hill Police Station, to develop housing for people with complex needs. Sadly, it appears that the sale of this is being rethought by the Mayor of London! But we have a commitment from Lead Councillors and Senior Staff to the development of housing locally for people with complex needs.
Health Services continue to be a priority for our families. Following a consultation last year into the restructuring of the SALT Services our parent champion programme has gone from strength to strength with parents accessing training via the team and will soon support other parents directly. We sit on Chelsea Westminster Hospitals Learning Disability forum. 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. We have also delivered training to student nurses and doctors from St Mary's Hospital and Imperial College.
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 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, Northwest 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.
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 Leaming Disabilities Team.
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FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
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.
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.
Page 6
FULL OF LIFE
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
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.
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 20 December 2023 and signed on their behalf by:
Mrs Sue Redmond
Page 7
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 2023 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 2023 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 8
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 9
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 144 of the Charities Act 201 1 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: w .frc.orq.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
Page 1 0
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
20 December 2023
Baldwin Scofield Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 11
FULL OF LIFE
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forard Net movement in funds Total funds carried forward |
Restricted funds 2023 £ 51,476 578,735 630,211 519,528 519,528 110,683 798,934 110,683 909,617 |
Unrestricted funds 2023 £ 3,362 363,374 6,050 372,786 313,993 313,993 58,793 634,150 58,793 692,943 |
Total Total funds funds 2023 2022 £ £ 54,838 82,925 942,109 891, 812 6,050 1 1 7 1,002,997 974, 854 833,521 812, 642 833,521 812,642 169,476 162,212 1,433,084 1,270, 872 169,476 162,212 1,602,560 1,433,084 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 26 form part of these financial statements.
Page 12
FULL OF LIFE
{A company limited by guarantee) REGISTERED NUMBER: 6643013
BALANCE SHEET AS AT 31 MARCH 2023
| Current assets Debtors Cash at bank and in hand Note 10 Creditors: amounts falling due within one year 1 1 Net current assets Total net assets Charity funds Restricted funds 1 3 Unrestricted funds 13 Total funds |
109,073 1,501,587 1,610,660 {8,100) |
2023 £ 1 ,602,560 1,602,560 909,617 692,943 1,602,560 |
215,300 1,225,884 1,441, 184 (8, 100) 2022 £ 1,433,084 1,433,084 798, 934 634, 150 1,433, 084 |
|---|---|---|---|
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 4 76 of the Companies Act 2006.
However, an audit is required in accordance with section 144 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 20 December 2023 and signed on their behalf by:
signed on their behalf by: Y�b•� Mra
The notes on pages 15 to 26 form part of these financial statements.
Page 13
FULL OF LIFE (A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023
| 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 1 5 to 26 frm par of these financial statements 2023 £ 275,703 275,703 1,225,884 1,501,587 |
2022 £ 63, 540 63,540 1, 162,344 1,225, 884 |
|---|---|
Page 14
FULL OF LIFE (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 1 02) - 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 1 02) (effective 1 January 201 9), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1 02) and the Companies Act 2006.
Full of Life meets the definition of a public benefit entity under FRS 1 02. 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 2023
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.
2.1 O 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.
2.1 1 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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(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
3. Income from donations and legacies
| Donations Grants Government grants Ttal 2022 |
Restricted Unrestricted funds funds 2023 2023 £ £ 3,362 51,476 51,476 3,362 79,038 3, 887 Total funds 2023 £ 3,362 51,476 54,838 82,925 |
Total funds 2022 £ 3, 887 50,965 28, 073 82, 925 |
|---|---|---|
4. Income from charitable activities
| Income from charitable activities Ttal 2022 |
Restricted Unrestricted funds funds 2023 2023 £ £ 578,735 363,374 540, 743 351,069 Total funds 2023 £ 942,109 891, 812 Ttal funds 2022 £ 891, 812 |
|---|---|
5. Investment income
| Unrestricted funds 2023 £ Investment income -local cash 6,050 Ttal 2022 1 1 7 |
Total funds 2023 £ 6,050 1 1 7 Ttal funds 2022 £ 1 1 7 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6. Analysis of expenditure on charitable activities
Summary by fund type
| Direct costs of charitable activities Ttal 2022 |
Restricted funds 2023 £ 519, 528 542, 104 Unrestricted funds 2023 £ 313,993 270,538 Total 2023 £ 833,521 812,642 Ttal 2022 £ 812,642 |
|---|---|
7. Analysis of expenditure by activities
| Direct costs Ttal 2022 Activities underaken directly 2023 £ 825,601 804, 542 |
Suppor costs 2023 £ 7,920 8, 100 Total funds 2023 £ 833,521 812,642 Ttal funds 2022 £ 812, 642 |
|---|---|
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(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Activities and projects Care and suppor costs Covid-19 costs Cleaning costs Consumables Insurance Equipment costs Publicity costs Offce costs Printing, stationer and postage Rent and rates Repairs and maintenance Contract staff Telephone Training Travel Utilities Bank charges Legal and professional fees Doubtful debts recovered Ttal 2022 |
Charitable activities 2023 £ 687,435 5,863 2,586 1 ,579 22,004 2,751 8,093 420 3,790 2,106 8,226 7,864 46,206 3,694 12,570 711 3,918 782 6,994 (1,991) 825,601 804, 542 |
Total Ttal funds funds 2023 2022 £ £ 687,435 692,01 7 5,863 10,468 1 1,900 2,586 1,579 3,426 22,004 129 2,751 2,201 8,093 6, 944 420 1,392 3,790 15, 141 2,106 568 8,226 1, 146 7,864 7,480 46,206 27,581 3,694 2,908 12,570 10, 1 18 711 838 3,918 5, 644 782 731 6,994 3,913 (1,991) (3) 825,601 804,542 804,542 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Activities Audit and accountancy fees Ttal 2022 8. Auditors' remuneration Fees payable to the Company's auditor fr the audit of the Company's annual accounts 9. Staf costs Wages and salaries Social security costs Contribution to defined contribution pension schemes 2023 £ 7,920 8, 100 |
Activities 2023 £ 7,920 |
Total funds 2023 £ 7,920 |
Total funds 2022 £ 8, 100 2022 £ 4,500 2022 £ 509,967 154,005 28,045 692,017 |
|---|---|---|---|
| 8, 100 2023 £ 4,560 2023 £ 507,603 151,609 28,223 687,435 |
The average number of persons employed by the Company during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Care and suppor staff | 32 | 39 |
No employee received remuneration amounting to more than £60, 000 in either year.
During the year the spouse and son of Mrs Sue Redmond, a trustee, received salaries from the charity. Mr Frank Redmond received £54,483 (2022: £54,483) and Mr Peter Redmond received £7,750 (2022: £7,343). In addition, during the year they were reimbursed expenses incurred on behalf of the charity a total of £7,735 (2022: £4,977).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
10. Debtors
| Due within one year Trade debtors 11. Creditors: Amounts falling due within one year Accruals and deferred income 12. Financial instruments Financial assets Financial assets measured at fair value through income and expenditure 2023 109,073 109,073 2023 £ 8,100 2023 £ 1,501,587 |
2022 £ 215,300 215,300 2022 £ 8, 100 2022 £ 1,225,884 |
|---|---|
Financial assets measured at fair value through income and expenditure comprise bank balances.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General fund Restricted funds Restricted Funds - all funds Adult reserves Children & Families Act 2014 Development fund DFE lndependent suppor Information Service Grant RBKC AS contract Kensington & Chelsea Foundation Parent Paricipation Grant Family Suppor Services Music Therapy National Children's Bureau RBKC PCT Carers suppor Learning Disabilities Contract WLCCG HR fund WLCCG Therapy Grenfell Tower fund Keeping Well CAMHS RBKC IASS Serice Other small funds Job retention scheme fund Total of funds |
Balance at 1 April 2022 £ 634,150 123,389 132,224 13,220 8,286 16,834 93,158 (7,531) 11,176 910 3,678 9,088 166,977 8,734 52,561 105,456 14,758 6,800 21,828 16,038 1,350 798,934 1,433,084 |
Income £ 372,786 316,636 150,426 10,000 17,476 23,673 76,000 24,000 12,000 630,211 1,002,997 |
Expenditure £ (313,993) (147,796) (6,150) (8,703) (18,366) (130,889) (9,727) (17,941) (19,991) (7,110) (38,253) (27,469) (54,230) (1,920) (900) (30,083) (519,528) (833,521) |
Transfers in/out £ (163,611) 9,000 42,525 87,750 24,336 |
Balance at 31 March 2023 £ 692,943 128,618 132,224 7,070 8,286 8,131 74,792 12,006 11,449 445 7,360 1,890 9,088 204,724 23,790 86,081 127,872 13,858 6,800 15,745 28,038 1,350 909,617 1,602,560 |
|---|---|---|---|---|---|
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FULL OF LIFE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 lndependent support Information Serice Grant RBKC AS contract Kensington & Chelsea Foundation Parent Participation Grant Family Suppor Serices Music Therapy National Children's Bureau RBKC PCT Carers suppor Learning Disabilities Contract WLCCG HR fund WLCCG Therapy Grenfell Tower fund Keeping Well CAMHS RBKC IASS Serice Other small funds Job retention scheme fund Total of funds |
Balance at 1 April 2021 £ 549, 615 71,248 132,224 13,220 8,678 26, 891 110, 797 1 1, 832 1,569 412 171, 659 398 46,523 73,008 21, 1 18 6,800 22,453 15,224 (12, 797) 721,257 1,270, 872 |
Income Expenditure £ £ 355,073 (270, 538) 335, 744 (150, 681) (392) (10,057) (17,639) 150,426 (157,957) 10,000 (10, 656) 16, 055 (16, 714) 23, 673 (20,407) (1 1, 900) (10,566) 19, 000 (23,682) (25,684) (40,762) 1 1, 900 (6,360) 24,000 (24, 625) 910 (96) 28,073 (13,926) 619, 781 (542, 104 974, 854 (812,642) Transfers in/out £ (132,922) 1 1,900 19,654 34,020 46, 800 20,548 |
Balance at 31 March 2022 £ 634, 150 123,389 132,224 13,220 8,286 16,834 93, 158 (7,531) 1 1, 1 76 910 3, 678 9,088 166, 977 8, 734 52, 561 105,456 14, 758 6, 800 21,828 16, 038 1,350 798,934 1,433,084 |
|---|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
14. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds -prior year General funds Restricted funds |
Balance at 1 April 2022 634,150 798,934 1 ,433,084 Balance at 1 April 2021 £ 549,615 721,257 1,270, 872 |
Income £ 372,786 630,21 1 1 ,002,997 Income £ 355,073 619, 781 974, 854 |
Expenditure £ (313,993) (519,528) (833,521 ) Expenditure £ (270,538) (542, 104) (812,642) |
Balance at Transfers 31 March in/out 2023 £ £ 692,943 909,617 1 ,602,560 Balance at Transfers 31 March in/out 2022 £ £ 634, 150 798,934 1,433,084 |
|---|---|---|---|---|
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | ||
| Current assets | 909,61 7 | 701,043 | 1 ,610,660 |
| Creditors due within one year | (8,1 00) | (8,100) | |
| Total | 909,617 | 692,943 | 1 ,602,560 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 2022 £ 798,934 798,934 Un restricted funds 2022 £ 642,250 (8, 100) 634, 150 Ttal funds 2022 £ 1,441, 184 (8, 100) 1,433,084 |
|---|---|
| 16. Reconciliation of net movement in funds to net cash flow from operating activities Net income for the year (as per Statement of Financial Activities) Adjustments for: Decrease/(increase) in debtors Increase in creditors Net cash provided by operating activities 17. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 2023 £ 169,476 106,227 275,703 2023 £ 1,501,587 1,501,587 |
2022 £ 162,212 (99,092) 420 63,540 2022 £ 1,225,884 1,225,884 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
18. Analysis of changes in net debt
| Cash at bank and in hand At 1 April 2022 £ 1,225,884 1,225,884 |
At 31 March Cash flows 2023 £ £ 275,703 1,501,587 275,703 1,501,587 |
|---|---|
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 £28,223 (2022: £28,045) for the year.
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