Charfty reglstration number 1128355 Company re8i5trntion number06786752 IEn8land and Wales) LIFE Z009 ANNUAL REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024
LIFE 21J09 LEfjALAND ADMIN15fRATIVE IhlFORMAllON Trustees Mr J Wright Mts E Maher Mr M Foley Mrs L Higglns M5 E Neep (Appointed 13 May 20231 (Appointed 13 May 20231 Senior management MrsKerrySmart Chief executive Chaiity number 1128355 Company number 06785752 RÈ8isttrtd offite Life Link One 4 Jephson Court Tan£red Close Leamington Spa Warwickshire England CV313RZ Audltor TC Group Celixir House StratFord Business & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Wèrwickshlre United Kingdom CV37 7GZ Solitltors The firm retained is Illdependent upon each issue as it arises.
UFE 2009 CONTEi¥rs Trustees report Stètrment of trustees responsibilities Independent auditor's report 9-12 Statement of financial activities 13-14 Balance sheet 15-16 Statemeni of cash fjows 17 Notes to the financial ststements 18-31
UFE 2009 TRusfEES REPORT IINCLLJDING OIRECTOR'S REPORT) FOR fHE YEAR ENDED 31 MARCH 2024 The tru5tses present their annual report and fin8ncial statements for the Year ended 31 March 2024. The t¥ustees who are also directors of the charity for the purpose5 of the CDfflp3nies Act 2006, present their report with the fi.nancial ststem&nt5 of the charity for the year ended 31 March 2024. The tru5tÈes have adopt&d the provisions of "Accounting Reporting by Charties., Statement of Re¢ommended Practice applic3ble to charities preparing their accoynts in accordance with the FinanciHI Reporting Stsndard appllcable in the UK ard Republic tsf Ireland IFRS 1021" which ts effectivE lor reporknn8 periods be8inning on or after l January 2015. Objecdves and athvlt5es The charities, objectives are to provide support for women and kmilie5 facing Ltnexpected pregnancy or pregnancy1055, including loss through abortion. Objective I: GovernaEtce Outstanding governance and compllance enable all the good work we do. We were therefore delightedto reCee the Trusted Charity Mark Level I (delivered by The Growth Company on behalf of NCVOI sn recognition of our excellence as one of the UK'5 laigest Pregnancy support charitres. Thls quality mark tells you that Life is working effecknvely and efficientlv. The Trusted Charity Mark distin8ulshes us from many other charitie5. In fact, only 20% of applylng Charmes galn the M?rk first Ome around as Llfe dld. We are already rnaking plans to achieve Trusted Charity MarkLevel 2, which has even higher wulrements and standards. From the polnt of view of funders and supporte, the Trusted Charity Mark affirms our leadership, management. planning. service quality. improvement. transparency, partnership woikln& and Communication. The Board tdentilied è lack of finènclal sustslnabllV as a restslt of the incre3se in costs in tFE financial year. in addition to a latk of investment In lundraisinE resulring in lirniting the income generation ability of the Charity. In December 2023 a decision was made to restructure the Charity's d&partment5 to h3ve less emphasis on Snternal SLEPPOrt £nd MO emphasts on Income Generation activities. The Board a150 Put a hèlt on any further retail acquisiti011S and to exit retail leases on non-viable shops where possible. This resulted in deletin8 12 posts and replacing wlth a fvrther 5 new posts, delivering a total net saving Of £234k. Objective 2-. Servlces We provide our servlces through counsellin& parenting support groups. matersal assistèn¢e and hovsin8. Quality and innovation in our service5 is centr81 to how we work. We ctsllaborate with mental health and a psychologi1 trauma consultancy to irnplement the Traum? IAform@d Approach in our Houses. This Is transformiNg the way we work with client5 to better Set the Ènvirtsnment for them to flourish in thew pregnaney and motherhood journeys. We continve to provide compassionatè care, prDfession31 support and tounselling to assist women atKI their fomilse5 facing an unplanned pregnancy. W& 8re an associate member of the Briiish Association for Counselling and psychotherapy, a helpline partnership member and a member of the Baby loss awareness alliance.
LIFE 2005 TRUSIEES REPORT IINCLUDING DIRECTOR'S REPORn ICONTINUEDI FOR Tr4E YEAR ENOEO 31 MARCH2024 Objective 3.. Marketing and ComrnuDicaticns This fnction now 51ts under lTrcorne Generotion, with a focus on Appeals, client acquisition through è communication strategy, creating a digitrél rnarketirlg plan, includin8 treation and delivery of social media posts, blog5, resource5 and digital marketing assets that reach and engage women land other51 who need our vital support. Objective 4.. Income GeneratSon A ew post tsf Direttor of Inc(mÈ 8eneration ¥S created in JanLk3ry 2024. The post will lead ovr FLndraÈSn Retail and MarketEn8 teams to deliver 8rowth of sustainable incomp to sÉtpport the future of the Charity. Objective S.. Finance5 Our financial accountability, transparency, Teporting. and processin8 a all stron& The year ende(I with a deficit due to the cost-of-living crists. which is not atteptable to continue. As outlined in the Income Generation section. we have adapted our apprtsèch an£t Increased our tearns, capabilities. and our efforts ?re showing early re5uItS. Obiertive 6.. Tu¥nover wrth the cost-of-livtng challenge5, Rental income remains our largest form of income. A diversthcation In Income generation activitie51s needed to ensure sustainability. Summary As we meet some significant challen8es, the team is marked by a spirit of working together, pSartfiing ftsr the lon&- term, increased unlty around Llfe's purpose, and transparency about results. This is being drlven by the CEO and the Leadership Team. Our business plan rema&ns fundamentalW sound, and we are adaprlng it to meet thangiftg supporter behaviour and client needs. These give me great trust in how Lsfe is operaring and that our future is bright. jonathan Wright Chair of the Trustees Public beneltt The Board of Trustee5 confirm that they have cornplied with their duty in section 4 tsf the charities Art 2011 to have due regard to the Charty Cornmissioll's general guidance on public beneftt. The Board Of Truste ensure that this purpose is carried aut for the public benefit by.. a. Relieving poverty, sickne55 and distress of pregnatit womeft and of unsupported mother5 with one or more infant children and by providln8 SUPPOrted accommodats"ctn. b. Protethng and preser¥in8 8ood health and relief of sickness through adv*ce and coun5ellin8 by professionally qU3Iified personnel. c. Advancing edUtiOn of the public in all m3ttet3 relatrng to pregnancy and In parbcular, but wt Ilmited to, the utmost respect for human life, through schools. the media and publications. Access to gur le1¢eS is open to all women. rften and thesr families who are affetted by pregftancy related is5ue5.
LIFE 21J09 TRVSTEES REPORT IINCWDING DIRECTOR'S R£14)RTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH2024 Our services throu8hout the United Kingdom are as follLIWS Free emotional help. counselling, and skilled listening via phone, test, email. or +n person. - Housing and community support around the Country for rnum5 and their babie5. Free pregnancy tests baby supplies, - Craftin8 content that educate5 the puF)lic about pgnancy, pre8nancy loss, and our work. Mole detailed snformation 15 availbblE at lifechèrity.otE.uk Voltsnteers The Trustees acknowledge that we coktld not fultil our work at Life without of our many voluFFteers, who work tirelessly in support of all our Life services 3nd clients. Without their cornmitment we would not beable to provide our vital services. We continuously aim to improve ourvolunteer temS to improve wolunteers, experlence in the charity- Achlevements and performance Signifii(Jnt OCtivi(iesond ochievefftents ogoinst objectives Dur impact intludes.. We helped 45,000 people who were faclng pregnancy or pregnancy105S. Every month, Life gives emotional and practical help to 500-1,000 pètsple affected by pregnancy or pre8nancy loss. More than 12,000 murns and babies have been housed by Life. At any one tfme, we're housing approxinkitely 200 mums and babtres in our network 0119 Life F4ou5es. More than 1.25 mlllion people have heard a presentation by Life abo our work. Every month, I,OOO+ people ask Life for a free pregnancy test. Tens of thousands of volunteers, 5UPPOrters, and donors have joined together to create a world where no one faces pregnancy or pregnanry loss alone.
UFE 2¢)09 TRUSTEES REPORT (INCLUDING DIREcfoR'S REPORTI ICONTJNUEDI FOR TIIE YEAR ENDED 31 MARCH 2024 rinandal reeW ststem¢nt otflnanclal artlvltles The deficlt for the year on Unrestricted Funds, whlch relate to non-houslng activitie5. was1£594.6111. Charitsble expenditure was £3.524.624 and incurred on education, Caring and corporate activities (see notes 8 & 9 in the accounts). The net deficit for the year on Restricted Funds was1£81,2421 comprssing totsl incoming resources of £297.313 and total resources ÈxpetFditure was £332,685. Note 23 of the accounts contains an analysts of the incoming and outgoing resources reldtins to Rtstricted Fund5, which relate io fe Housing. Balall sheet Totsl fund5 dec¥eased from £1,596,990 to £921.137 reflecting the net deficit. Cash at Bank, on Deposit and in H8&d on 31 March 2024 decreased from £1,181.703 to £684,357. Reserves poli¢y It is the policy of the chèrtrty that unrÈstritted funds which have not been desi8nated for a specffic use should be malntatned at a level equivalent to between three and six month's expenditu. The trustees consider that reserves at this lÈvÉl wsll ensure that, in the event of a significant drop in funding, they will be able to cotTtinue the charity's current activsties while consideration is given to ways in which additional funds may be raised. Thls level of reserves is nr>t maintained at the year Investmentpolicy The Charty's Memorèndum of Association authorises the Trustees to deposit or invest funds, to employ professional fund-mènager and to arrdn8e for the investments or other property of the Charity to be held thE name of a nomlnee in the same manner and subject to the same condition5 as the trustees of a trust are permitted to do by the fru5tee Act 2CM)O. fe manage5 its investments within its c>wn ethical guldelines. with the objective of achievSng a hith constant Income stream. See note 4 to the AccoLSfits for detalls of the income received. Investments ère revlewed at le35t annually in conjunctioN with an external advisor. Temporary surplus cash iesource5 are held in short-temi deposits a5 selectsd by Life'5 b?nker5.
UFÈ 2009 TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORTI ICONTINUEDI KIR THE YEAR ENDED 31 MARCH2024 Plans forfuture perlods Strdtegir plannlnE foi the fure The or8a)It growth of Life since its foundation has been remarkable. With increasing governance standards and regulatory oversiBht, It is important for the work to be grouTrded by 3 Strateglc and sustainable buyne55 plan that b oimpliant wlth all legislative framewofks. Needs led servlce At the he3rt ot Life are the Services offered to women. men, and babies most in need of our help. These services continue to include housin& otstreach support Services, practical sUPPOrt, and the provision ol skille£l list2ning and counselling. These 5ervice5 meet people kcin8 pregnancy or pregnancy 1955 where they are at and heb5 thÈm to meet these circumstances with courage and di8nity so they can ftourish. We are ever rnindful of the need to irwest $0 that we may contlnue to provide services required by our target clients-. womefi, mer, and their bies. CollaboraOrt wlth empathetic a8encies and OnIS3tiOnS is also important to effett change. Outtome drlven arttvltles We are maklng sure that all our activities and Services deliver outtomes that effect chang&. Our services must help people meet pregnancy or pregnancy 105s, our Shops must be proh"table, and our communications mst reach new people and change hearts and minds. So, we continue to change, w2 continue to evolve, we continue to challe#8e, none of whieh would be p055ible without the support of so rnany wonderful people, our staff voluntre. supporters, and trustees. Structurei governan and fflanagement Life 2009 was incorporated on 9 January 2009 35 a company limlted b¥ suarantse with registration number 06786752 and is gDve¥ned underthe Memor8nduTn and Articles of Association. The registered number of the Charity is 1128355 and SC041329 in Scotland. ife is the businessltrading name of Life 2CpJ9. Trustees durlng the year Mr J Wright Dr P G Mccarthy Ms A J T Osborn Mrs E Maher Mr M Foley Mrs L Hi88ins Ms E N2ep (Resigned 15 January 20241 (Resiened 7 July 20231 (Appointed 13 May 20231 (Appolnted 13 May 20231 Recruitment Jrjd oppointmentof truttees Trustee5 are appointed in accordance with the Ardcles of Association. Life matntsins insurance fLY the trustees in resp¢tt of their dulfjes as twstees of the charlty. Organisotionolstrurtu The Board of Trustees administers the Charity and met twio on a formal basis durln8 the year undei review.
UFE 2009 TRUSTEES REPORT IINCWDING DIRECTOR'S REPORTI ICONMNUEDI FOR YEAR ENDED 31 MARCH 2024 Induction ond troining of trustee5 It is the Charlty's policy that new trustees should undergo an ori2ntstion proce55 to brief them on their legal obligations under charity law, the charity'5 Boverning documents, thE committee de¢ision-rnaking process, the usiness plan and recent frnancial performance of the charity. Trustee5 are encoura8ed to attend appropriate externa5 training events that will assist them in carrying out their role. Othermutters Rlsk management The Charity has a risk pollcy in pl3ce and maintsins a risk register. It is the Charity's polity b) conduct an annu81 review ol the risks that the Charity m3y face. to establish 5yStems and procedures to mirsgate the risks identified and to implement procedures designed to rninimise any Poten3[ Impact on the Charity should those risks matsrialisÈ. The Board of T¥u5tees (who are also the directors of Life 2(X)9 for the purposes of cornpany lawl are respon5ble for preparing the Report of the Trustees and the financial statements in 3ccordance with applicable law and UnitÈd Kingdom GAAP Accounting Standards Iunited Kingdom Generally Accepted Accounting Prachcel. Company law require5 the Board of Trustees to prepare ftn3ncial st3tements for each financial ye3f which give J true and fair vlew tsf the stste ol affairs of the Charitsble company and of the incoming resource5 &nd appliottDn of resources, includin8 the income and expenditure, of the charitable £ornpany for that period_ In preparing those financial statements, the 8oard of Trustees are required to select suitable accouDtiTr8 policies and then apply them consistently,. observe the methods and principles in the Ch3Tity SORP,. make jud8ment$ and estimates that are reasonable and prudent.. prepare the financial statements on the goin8 Concern b8sis unless it is inappropriate to Presume that the charitable company will continue in bu5tne5s, The Board of Trustees are responsible for keeping proper accounting record5 which disclose with reasonÈble atturacy at any time the linancial position of the charitable cornpany and to enable them to ensurÉ that the financial ststements comply with the ComparHes Att 2006. They are also re5pon5ible for safe8u3rdin8 the assets o the charitable company and hente for takine reasonab12 Steps forthe prevention and detection of fraud and Dther irregularities. Statement as to disdosure of information to Audltors So far as the trustees are aware. there is no levant information las defined by Section 4181 of the Companies Act 2(X)6lof which the Iharitable company's auditors are unaw3re, and each trustee has taken all the step5 that they ought to have taken as a trustee in order to make them aware of any audit information and to estsbli5h that the tharitable company's auditors are aware of that inform3ti0n. Audltof In accordance with the company's arDcles, a resOluOn proposin8 that TC Group be reappointèd as auditor of the companywill be put at a Generèl Meeng. The report h3s been prepared in ac£ord4nce with the special provissons of Part IS of the Companies Act 2Q06 relating to sm311 companies.
UFE 2009 TRUSTEES REPORT IINCLUDING DIREoR,5 REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARC112024 The trustees report was approved by the Board of Trustees. Mrj Wright Trustee 12 December2024
UFE 2009 STATEMENT OF TRU5TEE5 RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors of Ufe 2(X19 for the purpose (>f cornpany law, are responsible for preparing tht Trustees Aeport and the financial ststements in 8ccordance with appllcable law and United Kingdom Accotsnting Standards Iunited Kin8dom Generally Accepted Accounting Pracdcèl. Company Law requlres thE trustees to preparE financlal statements for each financial ¥ear which give a true and fair view of the stste of affair5 of the charity and of the incomlng reSoUrS and application of 160urces, includin£ the income and expenditure. of the charitable company for that Year. In preparing these financial statements. the trustees 3re required to.. select suitrable a¢coundn8 policles and then apply them con5iStently.' observe the methods and prlnciples in the Charities SORP,. make judgements and estimates that are rèasonable and pNdent,' and prepare the frnancfjal statements on the 8oirTr8 concern basis unless It Is inappropriate to presume that the tharity will continue in opeTation. The trustees are responsSble for keeping adequate accounting records that d15close with re3sonable accurary at any time the financial position of the charity and enèble them to ensure that the linèncial statÈments comply with the Companies Act 2(KJ6. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irre8ularitfjes.
LIFE 2009 INDEPENDENT AUDITOR'S REPORT TO THE fRusfEES OF LIFE 2009 Opfftlon We have audited the financial statements of Life 2009 (the 'charity'l for the Year endèd 31 March 2024 which ornpri5e the 5taternent of financial actiwties, the balance sheet. the statement of cash flows and notes to the finacl81 ststements, including significant accounting policies. The financial reportin8 framework that ha5 been applied in their preparation is applicable law and United Kingdom AccoLtnng Standards, including F4iancial Reporting StandaTd 102 The Flnoncial Reporting Stundord opplicoble in the UK and Republic of Ir¢lund (United Kin8dotn Genprally AttÈptÈd Accountin8 Practicel. In our Gpinion, the frnancial 5tatements'. give a true and fèir view of the state of the charitsble company's affairs as at 31 March 2024 and of its incoming resources and application of resources, forthe Year then ended,. have been property ppared in accordance with United Kingdom Genetally Accepted Accountin8 Pr3ctice' ènd have been prepared in accordance wlth the requirements of the Companies Art 2006. B•sls for oplnlon We conducted Dur audlt in ac¢ord8nce with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities undÈr those standards are further described in the Auditor's responsibilitiesfvr the Gvdit of thefinon¢ittl stotements section of our report. We are independent of the charity in aCcOrd3e with the ethical requirements that ère relevant to our audit of the financial statements in the UK, including the FRCS Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirerYEnt5. We believe that the audit evidence we have obtained 15 suffie5ent and appropriats to provide a bas15 for OL¢r opinioR. Concluslons relatlng to ttslngtonctin In auditing the financial 5tsternents, we have concluded that the trustee5 use of the goinB concern ba51s of accounting in the prep&ration of the financlal ststements %$ appropr*ate. 8ased on the work we have performed, we have not identilied any moterial uncertainties relatin8 to events or conditions that, individually or collectively, may cast Sl8nFfic3nt doubt on the charitfs ability to continue as a 80ing concern for a period of ?t least twelve rnonths Irorn when the linancial statements are authorised for issue. Our sponsIbIlItieS ants the responsSbilities of the tru5tee5 Wlth respett to 80in8 concern are described In the Televant sections of thls report. Other informatton The other information comprlses the information included in the annual Feport other than the finar(ial statements and our auditor's report thereon. The trustees 3re responsible for the other information contained within the annval report. Our opinlon on the financial statements doe5 not cover the other information and we do not exp5$ any form of assurance conclusion thereon. Our responsibility is to read the other infornktion 3F)d. sn doing $0, consider whether the other tnforrnation is mateTially Inconslstent with the financial Strtents or our knowledge obtained the course of the avdit. or otherwise appears to be materiall¥ misstated. If we identlfy such material inconsistencies or apparent material mi5Statements, we are required to determine whether this gives rise to 3 material Enisstaternent in the financial statsments themselves. If, based on the work we have performed. we cofjclude that there is a materlal mlsstatement of this other information. we a tsquwed to report thatfact. We have nothln8to report in this regard.
UFE 2009 INDEPENDENT AUDITOR'S REPORT ICONYlhtUEDI TO THE TRUSTEES OF LIFE 2009 fvlatters on whlch we art requlred to report by excepfjon We have nothing to report in Te5pect of the followiFFg mattets in relation to which the Charities IAccounts and Report51 Regulations 2008 require us to report to you if, In our opinion- the itsfomation given in the financial statements is in¢on5i5tent in any material respect with the true$ report,. or sufh"cient accounting records have not been kept.. or the financial 5tatetnents are not in agreement with the a£countin8 records,. or we have not received all the information and explanations we require for our audit. Resporsslbllltles of trustees explained more fully in the statement of trunees responsibilities, the trustees, who ère èlso the directors of the tharitr for the purpose of company law, are re5POn5ible for the preparation of the financial ststements anct ft>r being satisfi.ed that they give a true and fair view, 3nd for such sntÈrnèl control as the trustee5 determine Is necessary to enable the prepar3tion o liTrancial statements that are free from m3terial mis5t3temenL whether ue to fraud or error. In preparir]g the financial statements, the trustees are resporisible for assessing the charity's ability to conrinue as a gotn8 concern, disc105ingi a5 applicable, matters relat&d to going concern and using the oing concern basis of accounting ullle55 the trustees either intend to liquidate the charitsble compan¥ or to C¢05e operations, or have no reBIistic altefnative but to do so. Auditor'5 re5ponslbiliiles forthe audlt of the financlal Statements We have been appointed as auditor under sectlon 144 of the Ch8ritie5 Act 2011 and pOrt tn accor&nce wilh the Act 8nd relevant regulatfons made or havlng effect thereundei. Our objectives are to obtain reasonsble èssurance about whether the tinancial statements as 3 Who are fre from materi31 misstatement. whether due to fraud or error, and EO 15sue an auditor'5 report that includes our opinion. Reasonable assurance is a hlgh level ol assurance but 15 not 3 guarantee that 6udit conthjcted in accordance with ISAS IUKI will always detect 3 material misststemer>t when it exi5t5. Mi55tatements on arise from raud or error and are considered material if, individually or in the 3ggre8ate, they could reastsnaLly be expected to influence the economic decisions of users taken on the basis of these financial statements. io.
UFE 2009 INDEPENDENT AUDITOR'S REPORT ICONTINLIEDI TO THE TRUMES OF LIFE 2009 Extent to whlch the audlt wa$ consldered upable of deterknng irre8vlaritie5, Including fraud We identify atld zsse5S the risks of material misstatement of the fiF)ancial statements, whether due to fraud or error. and then design and perform audit protedures responsive to those risks. including obtaining audit evidence that is sufficient ènd appiopriate to provtde a basls for our opinion. Identflylng and assesslng poteknal rlsks related to Irre8ularitre5 In identifying and assessing risks of material mi5Statement in respect of irregulafitfes, in¢ludin8 fraud and non- compliance wlth laws and regulations, we considered the followir¥8'. - the nature of the industry ard sector, control enviFonment and business performance includlng rhe design of the Company'5 remunEratson policies, key drivers for di¥ectors' remuneration, bonus levels and performance tar8et5' resuEts of our enquiries of management about their own identificatior¢ aTrd assessment ol the risks of irregularities,. any matters we identifted having obtained and revlewed the Compary's documentation of their policies and procedures relating to". dentifying, evaluating and complying wlth laws and regUlaOn$ and whether they were ?w3re of any instances of noncompli3nce-, detecting and responding to the rlsks of fraud and whether they have knowledge of any actual. swpected or alleged fraud.. -the internal controls established to miti8ate risks of fraud or non-compliance with laws and regulations,. the matters discussed amon8the audit engagernent team and involving Televant intern31 specialists, includln8 tax speciallsts rerdIng how and where fraud might occur in the financial ststernents and any potelltial indicattsrs of fraud. As a sU1¢ of these ptoTrdures. we considred the opportunities inCEntiv25 that may exist wltln the organisation for fraud and identified the gatest potential for fraud in relation to mis8ppropri3tion of funds. In common with all audits under ISAS IUKI, we are also required to perform specifi¢ procedures to respmd to the risk of management override. We also obtsined an understanding of the legal and regulatory fTrmeworks that the Company operates in, focusing on provisions of those law5 and regulation5 that had è direct effÈtt on the determinatiDn of material amounts and di5cIosLtres IFI the financial 5tstements. The key laws and regulètions we considered in this context included the UK CompaniES Act, UK Charities Att and local tox legislation. In addition, we considered provisions of other laws ènd r2gulations that do not have a dirert effect on the fi.nancial Statements but rompli3ncè with which may be fundamental to the Company's ability to operate or tts avoid a material penaty. These included £ompli3nce with Finanaal CDndurt Authority regulation for the UK (yeratin segment and GDPR re8L*lation.
LIFE 2009 INDEPENDENT AUDITOR'S RÈPORT ICONTINUEDI TO THE TRUSTEES OF UFE 2009 Audlt sPonse to risks Èdenttfied As a result of performing the above, we Identified misappropriation of funds as a key audit matter Lated to the pot£ntial risk of fraud. Our procedure5 to re5pvnd to risks identified included the following.. reviewing the financial statrment disclosures and tesifjng to supporting document3tion to 2S5È5s compliance with prov15ions of relevant laws ant8 rgtratiOnS described as having a direct effect on the fin3n¢ial statement5,' enquiring of rnaTr8gement, actual and potenti3111ti8ation and claims,. performing an8lytirél procedures to idenrify any unusual OT unexpected 130n$hipS that may indlcate risks of material misstatement due to fraud,. reading minutes of meetings of those ch3r8ed with governance,. obtain&d an under5tandlng of provisions and held discus5ion5 Wlth management to understand the basls of retognition or non-reeogniifjon of tax provisions,. and In addressing the risk of fraud through management overridp of controls, testing the appmp1tatèsS of journ81 entrles and other adlustment5,' 3$5essing whethe¥ the judgÈments made in rnaklng accounting estimate5 are indicative of a potential bias." and evaluating the business rationale of any sign£ficant transactions that are unusual or outside the normal course of business. We also communicated relev3nt idenufied laws and regulations and prktentral Iraud ri5k5 to all engagement team members including intern315pecialists, and remained alert to any indicaiions of lTrud or noncompl1Ce with laws and regulations throughout the audkt. A further descrlption of our respon5fbilitie5 is available on the Financial Reportfn8 Council's website at.. https:// wvrn.fiE.or8.uk/3ud4torsresponsib41itie5. This description ft)rms part of our aud¢tor's report. Use ot our report This report is made solely to the company's members, as a body, in accordance with section 391 ofthe Companies Act 2014. Our audit work has been undertaken so that we might stste to the cornpanV5 members ihose nBtters we are required to state to them in an auditor'5 report and foT no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other th3n the company and the company's members as 3 body, for our aud*t worl for this report, Dr lor the opinions we have formed. TC Group 12 Decernber 2024 Statutory Audltor Celixir House Stratford Buslness & Technology Park Innov3tTron Way, Banbury Road Strathrd-upon-Avon Watwickshire United Kin8dom CV37 7GZ TC Groyp is eligible for appointment as audltor of the charity by virtue ol Its eli8ibility for appointment as audiror of a company under sectlon 1212 of Ihe Companies Art 2006. 12-
UFE 2009 STATEMENT OF FINANCIAL ACTivmES INCWDING INCOMEANDEXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH2024 Curyentfinancial Year Unrestrtcted fund5 2024 Restrfrted funds 2024 Trtal Total 2024 2023 Notss Income and endowmentsfrom: Donatfons and legacies Charitsble 3ctivlties Other trading actiVe$ Investments Other income 854,429 1,153,867 848,076 7,556 2,500 53.922 243,391 908,351 1.397.258 848,076 7,556 2,5(MJ 709.570 976,750 734.241 5.319 Yotsl In¢ome 1866.428 297,313 3,163,741 2,425,880 Expeftdftu on: Raising fund5 Charitsble activities 1,102,072 2,422,552 7,112 325,573 1,109.184 2,748,125 952,602 1,760,960 Total e¥penditUfe 3.524,624 332.685 3.857.309 2.713,562 Net 8ainslllossesl on investments 13 63,585 63,585 78,890 èxpendttur 1594,6111 135,3721 1629,9831 1208.7921 Transfers between fund5 145.8701 145,8701 m¢wement In lunds io 1594.6111 181,2421 1£75,8531 1208,7921 Recondllatlon of funds.. Fund balances at l April 2023 935,113 651,877 1,596,990 1,805,782 Fund balan£e5 at 31 March 2024 340,502 580,635 921,137 1,596.990 The 5tstement of fi.nancial activlttes includes all 8ain5 and 1055es recogni5ed in the Year. Income and expen(Siture derlve from continuin8 activities. 13
LIFE 2009 STATEMENT OF FINANCIAL ACTMTIES ICONTINUEDI INCLUDING INCOME AND EXPENOITURE ACCOUNT FOR THE YE4R ENDED31 MARCH202*7 Priorfinanclal Period Unrestrl¢ted funds 2023 Re5trlcttd funds 2023 Total 2023 Notes Income andendowments from: Donations ènd le8acSes Charitable activities Other trading activities Investments 642,841 808.734 734.241 5,319 66.729 168,016 709,57CI 976,750 734,241 5,319 Total income 2,191,135 234,745 2,425,880 Expendlturt oft: Raising funds Charitable activities 912.392 1,463,274 40,210 297.686 9S2,602 1.760,960 Total expenditure 2.375,666 337,896 2,713,562 Net 8ainslllosse51 on investments 1,027 77,863 78,890 Net Income 1183,5041 125,2881 1208,7921 Transfers between funds 5,000 15.0001 Net movement In frjnds 1178,S041 130,2881 1208,7921 Retoncillatlon of funds= Fund balan&s at l July 2022 1.113,617 692,165 1,805,782 Fund balance5 at 31 Marth 2023 935,113 661.877 1.596,990 14-
UFE 2th)9 BALANCE SHEEr ASAf31 MARCH2024 2024 2023 Notes rbxed assets Tangible assets Investments 15 42.748 145,292 229,107 144,736 16 188,040 373.843 Ct assets Debto Cash at bank aftd in hand 17 324.737 684.357 275,050 1,181,703 1,009.094 1,456,753 Creditor5: amounts lallin8 due withln one year 19 1275.9971 1208,4441 Netcurrent assets 733,097 1.248.309 Totsl assets les$ current Ilabllltles 921,137 1,622,152 Credltors: amounts tslling due after more than one year 20 125,1621 Net assets exdudlng penslon Ilablllty 921,137 1,596,990 assets 921,137 1.596.990 Thefunds ofthe charfty Restricted income funds Unrestricted fund5 21 580,635 340,502 661,877 935,113 921.137 l.S96,990 The company is entitled to the exemption from the audlt requirement contsined in Section 477 of the Companies Att 2(Y)6. for the Year ended 31 M3rch 2024, althou8h an audit has been carried out under section 144 of the Charities Act 2011. The director acknowledges her resp0nslbtlies for complying with the reqtsirem&nts of the Companie5 Act 2006 with respect to accounting records and the prepaTatfon of financial statements. Th£ rnembers have noi requlred the company ta obtain an audit of its fina#ei81 statements under the requirements of the Companies Act 2006, for the Year in question in accordanee with section 476. 15-
UFE 2( BALANcE$HE{CoNTINUED} ASAf31 MARCH2024 These financial ststements have been prepared in accordance with the provision5 applicable to companies subiecr to the small companies regime. The financial statements were approved by the trustees on 12 Oecember 2024 Mrj Wrtght Trustee Company registration number06786752 (England and Walesl 16-
UFE 2009 srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash tlows from operattng a¢tlvltles Cash absorbed by operètions 27 1696.0991 1274.9931 ve5tlng acti¥Trtle5 Purchase of tangible fix&d assets Proceed5 from disposal of tangible fixed assets Investment Income retsived 115.8411 139,9061 237.500 7.556 399,55? 5,319 Net cash 8enernted from Investing activitles 229,215 364,970 FÈnafiangartivhles Repayment of bartrk loar*S 130,4621 13,6171 NÈt ¢ash ustd In financing acdvrttes 130.4621 13.6171 Net Idecreasellincrezse In tèsh and cash equlvalents 1497,3461 86,360 Cash and cash equlwalents at be8inniA8 of Year 1,181,703 1,095.343 Cash and (ash equivalents at end of Year 684,357 1,181.703
UFE 21109 NOTESTO YHE FINANOAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2024 Attounttn8 polltles Charity Inforniation fe 2009 is a private company limited by guarantee intorporatsd ift En£land and Wales. The registered office is Life Link One, 4 Jephson Court, fancred Close. Leamington Spa. Warwi£k5hlrp, CV313RZ, England. 1.1 Repordn8 pertod life 2009 changed its accountlng period end to 31 March for the period ended 31 March 2023 to align with the accoting period of it's grant providers. The 2023 period includos 9 Month period from l July 3)22 to 31 Marth 2023. The compararrive figures induded in the financial statements included a 9 rnonth period and so are not directly comparable with the Crnt period. rhe current period includes a 12 month period to 31 March 2024. 1.2 Accountlng convention The financial 5tat2ments have been prep3red in accordance witln the charity's Igoverning documentl. the Companies Act 2Q06, FRS 102 "The Financial Reporin8 Stsndard 3pplScable in the UK and Republic ol Ireland" I'FRS 102"13nd the Charities SORP "Accounting and Repottin8 by Charities. Staternent ol Reiommended PratticÈ applicable to charities preparin8 their accounts in accordance with the Finan¢o1 Reporting Standard applicable in the UK and Republic of Ire13nd IFRS 1021" (effective l January 20191. The charlty is a Public aenefit Entity as defined by FRS 102. The financial statements a prepared in sterling, which is the functEonal currency of Éhe charity. Monetary amoLSnts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the hittorical cost convention. The principal acounting policies èdopted are set out below. 1.3 Golng concern At the time of approv4ng the financial statements. the trustees have a reasonable e)rpettation that the charity has adequate resources to continue in operational exisrence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparin8 the financial statements. 1.4 Charltable fttnds Unrestrftted funds are available for use at the discretion of the trusteés in furthera[5 of their eharitsble objectives. Re5tacted funds are subject to speeiftc CondiOn5 by donors or grantors as to how they may be used. The PUfP05e5 and use5 of the restritted lund5 are set out in the notes to the ftnancial ststements. Endowment funds are subject to speciftc conditions by donors that the capital must be malntained bythe IhaTIty. 1.5 Intome Income is recogni5ed when the charity 15 legally entytled to It after any performanTr wnditions hwe been met. the amounts carl be rnea5ured reliably, and it is piobable that Income will be recelved. 16-
LIFE 21)J9 NOTES foThE FINANCIAL STATEMENTS ICONllNUEDI FOR THE YEAR EhlDED 31 MARCH2024 Accountln£ poll¢l Icontlnuedl Cash donations are reco8nlsed on receipt. Other donztions 3re recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income t3x recoverable in relation to donations received under Gift Aid or deeds of covenant Is reco8nised at the tirne of the donatyon. Le8acies are recognised tsn receipt or otherwlse if the charity ha5 been notrfted of an impending distribution, the amount 15 known, and recelpt is experted. If the amount Is not known, the legacy 15 treated a5 a contingent asset. 1.6 Expendlture Expenditure Is Teco8nised once there Is a legal or constructive obligation to transfer economlc bwefit to a thlrd party, It is probable that a transfer of economic benefits will be required in settlement, andthe amount of the obligation can be measured reliably. Expenditure Ss classified by activity- The costs of each 8divity are made up of the ti)tsl of dir costs and shared costs, including 5UPPOrt costs involved in undertakin& eath acfjvity. Direct costs 3ttributat4e to Single activity are allocated directly to thèt activlty. Shared costs whlch contribute to more thanone actlvity and support Costs whsch are not attributable to a single activity are appordoned between those actwities tsn a basis consistÈnt with the use of resources. Central stafl costs are allocated on the basis of time spent, and depieciation charges are allocated on the pordon of the asset's use. 1.7 TanKlble Ilxed assets Tan8lble fixed assets a iniiially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation 15 recognised so as to wrlte off the cost or valuation of assets les5 their residual values over their Useful live5 On the¢ollowlng bases.. Le85ehold1and and buildings Fixtures and fiknnEs Computers Motor vehicles 50 Yea straight line basis 2 or 3 yeèts strèi8ht line ba515 3 ye3TS Straight line basis 5 years straight line basis The gain or Soss arisin8 on the disposal of an a55et is detemined as the differÈnce between the sale proceeds and the carrying wélue of the 35set, and is £081$@d In the statement of ftnancial activithes. 1.8 Fixed asset Investments Fixed a55et iBvestments are initially measured at traTrsacknon prlce excluding transart*on costs, and a subsequently measured èt fair value at each reporting date. Changes In falr value are recognised in net Incomellexpenditurel lor the year. Transadion costs are expensed as incurred. 1.9 Impaimitnt offixed assets At e3ch reporting end date, the charity reviews the carrying amount5 of st5 tsngible assets to deterrnine whether there is any tndlcation that those assets have suffered an impaimient105s, If any such indTc2tion exists, the recoverable 3moynt of the asset is estimated in order to determine the extent of the Irment loss lif anyl. 19-
UFE 2009 NOTES TOThE FINANCIAL STATEMENTS ICONTINUEDI FOR fHE YEAR ENOED 31 MARCH 2024 A¢¢ourtSng policies (Continued) 1.10 Cash and cash equlvalents Cash and cash equivalents int5ud2 cash in hand, deposits held at call with banks, tsther short-term liquid Investments with original maturities of three months or less, and bank overdrafts. Bank oerdraftS are shown within borrowin8s in current liabilities. 1.11 Ftnandal lrtrtruments The charity has eletted to apply the provislons of Section 11 '8asic F4nancial Instruments, and Secdon 12 'other Financièl Instruments IVe$. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balante sheet when the charity becomes party tri the contractual provisions of the instrument. Financsal assets and liaL¥ilitles are offset, with the net amouAts presented the financial statements, when there is a legally enforceable right to set off the reco8nised amounts and there is an intention tosettle on a et basis or to )lISe the asset and settle the liabTrllty Simult8netsus. Bosicllnantlolossets Basic financial assets, whlch include debtors and cash and bank balans. are initfally measured a transaction price includln8 transathon costs and are subseqvently carried at amorhsed cost using the effethve interest method unle5$ the arrangement Constitutes a financlnE iransaction, where the tr&nsactEon Is measured at the present value of the future receipts discounted at a market rate of iritere5t. Finarcial assets classified a5 receivable within one year are not amortf5ed. BuskfinJn¢lolliublllrfes Basic fi)ancial liabilities, including creditors and bank loan5 are initi8lly Cognised at tcansaction price unles5 the arrangement constitutes 8 finBncing traThsaction. where the debt instrument Is measured at the Psent value of the future payments discounted at a rHarket rate of interest. Financial liabilities classified as payable wirhin one year are not amortised. Debt instruments are subsequently carried at amordsed cost. usinB the effective intsre5t r?te method. Trdde creditors are oblig&tions to pay for goods or services that have been acquired in the ordinary course of opera1fjoS frorn suppliers. Amounts payable are classified 3s current liabllities if payment is due within one Year or less. If not, they are presented 35 non-current liabilities. Trade tditOrS are recognised initially at transaction price and subseqyently measured 3t amortÈsed cost usln8 the effecdve Inte$t method. DerÈtogrtftlorJ oAftnond(rllloblllrfe$ Finanual liabilitieg are derecognised when the chzritls contractual obligations expire Of are discharged or cancelled. 1.12 Emptoyee benefits The cost of any unused holiday entftlement is reco8nised In the perlod in which the employee's servi$ are re¢e*ved. Tefminafjon benefits are recognised ImmÈd18tely as an expense when the eharity is demonstrablv tommitted to termlnate the employment of an employee or to provide te[minaon benefits. -20-
UFE 2009 NOTES TOTHE FIIIANOAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH2024 Crftital atttsuntEng esdmates and judgements In the application of the charity's accounting pollcies. the tTU5tee5 are required to make judgements. estimates and assumption5 about the carrying amount of assets and liabilities that are not readily appareAt from other sources. The estimates and 855OUated as5urnptions are based on historical experience and other f3ctors that are cun5idered to be relevant. Ac£Ltal results may differ from these estimates. The estimates and underlying assumptlons are reviewed on an ongoing basis. Revisions to accountin8 estimate5 are recognisEd in the PETiod in which the @stFm3te is revis&d where the rev15ion affects 1¥ that period, or In thE perlod of the revislon and future periods where the revision affetts both CUTnt and future periods. In¢ome from donatlons and l*¢Ses Unrestrlrted Restrlcted funds fund$ 2024 2024 Total Unrestncted Restri¢ted fvnd5 funds 2023 2023 Totsl 2024 2023 Donatlons and gifts Legacies reeeivable Giants 3nd other inctsme Other 539,994 158.362 54,971 101,102 31,929 571,923 158,362 76,964 101,102 440,698 20,233 103,360 78,550 9,404 450,102 20,233 160,685 78,550 21,993 57,325 854,429 53,922 908,351 642.841 66,729 709,570 Income from ¢harltsble actlvltles ilnrestrlrted Re5trlcted funds fund5 2024 2024 Totsl Unie5trlcted Restrlrttd funds funds 2023 2023 Total 2024 1023 Income from charitable artIVie5 Services provided under contratt Other Income 1.145,541 8,326 239,790 1.385,331 3,601 11.927 808,734 168,016 976.750 1.153.867 243.391 1,397,258 808,734 168,016 976,750 21
UFE 2009 NOTES TOTHE FINANCIAL STATEMENlS IcoKnNVEDI FOR THE YEIIRENDED31 MARCH2024 Incomefrom othertrading adivltiÈ$ Unrestrl¢ted ureStthed tunds fvnds 2024 2023 Shop income 848,076 734.241 Income from Investments Unrestricted UhMstil¢ted fund5 funds 2024 2023 Incon)e from Sisted investments 7,556 5,319 Other Income Unrestrl¢ted Unre5trfeted funds funds 2024 2023 Plet gain on disposal of tangible fixed assets 2,500 -22-
UFE 2009 NOTESTO THE FINANCIAL STATÉMENTS ICONTINUEDI FOR TFIE YEAR ENDED31 MARCH 2024 Expendlture oft fvnds UnStrIcted Restrf¢ted funds fvnds 2024 2014 Total Vnrestritted Restrlcted nds funds 2023 2023 Yotsl 2024 2023 Fundralslng and publiaty Adverrising Other fundraising Costs 9,949 53,498 4.S17 2,495 14,566 55,993 16,415 71,131 2,688 17,901 19,103 89.032 63.447 7.112 70,555 87,546 20,589 108.13S Tradlftg ¢osts Other trading a¢ttvi1Ses Depfeaation and impairn12nt 1,025,811 1,025,811 807.173 19,621 826,794 12,814 12,814 17,673 17,673 1,038,625 1,038.625 824.846 19,621 844,467 Total costs 1,102.072 7,112 1.109,184 912,392 40,210 952.602 -23-
LIFE 2( NOTES TO T+tE FINANCIAL ATEmENTs {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on charitabte #rtiv[¢S 2024 2023 Dirtrt tosts Depreciation and impalrment Life Hil ca Centre5 & Houses Repairs. rettewèls & household P05tsge stationery & advert5 Miscellaneous expense5 Training meetings and travel Staff costs 16,834 8,128 221,154 53,082 882,747 180,084 853,439 21,335 3,725 114,700 27,015 464,499 78,249 619,407 2.215,468 1.32A,930 Share ot suppurt and 8overnatt¢e costs (see I Support Governance 515,656 i?,ooi 413,458 18,572 2,748,125 1,760.960 Analysis byfund Unrestricted funds RestCted fvnds 2,422.552 325,573 1,463,274 297,686 2.748.125 1.760,960 10 Net mo¥ement In funds 2024 2023 The n¢t movement in funds is stated after chargingllcreditingl.. Depreciation of owned tangible flxed as5et5 Profit on disposal of tangible ft.xed assets 29,648 12,5001 39,008 11 Ti4tstee$ None of the trustees lor any persofts connected with theml received any remunerdtion or beneffts frcrn the charity durin8 the Year. -24-
LIFE 2009 NOTES TO THE FINANCIAL ATEmENTs ICONTINUEDI FOR THE YEAREhlDED31 MARCH 2024 12 Employee5 The averège monthly number of employees during the year was.. 2024 Numbtr 2023 Number 72 Employee benefft obligations te 2009 operates 8 defined contributions penOn scheme. The cost of the contributiOlSS to the Ps1On scheme amounted to £53,849 12023.. £53,8291. At 31 March the outstanding amount wès EIO,891 12023: £37.5071. The number of employee5 whose znnual Mneon was more than £60.1)00 15 as follows= 2024 Number 2023 14umber £70.001- £80.QKJO 13 Galns and losses on Investments Unrestrirted Rèstritted ds funds 2024 2024 Total Unrestrlcted Restrfcted funds fvnds 2023 Z023 Totsl 2024 2023 Gasnsllltsssesl )rlsinE on.. ReValUaon of investments 63.585 63,585 1.027 77.863 78,890 14 Taxatton The charity is exempt from taxation on Its activities because all its incorne is applied for charitable purposes. -25-
LIFE 21*)9 NOTES TO THE FINANCIAL WATEMÉNTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH Z024 IS Tan8lble fixed a55ets Fad Hxtyjresand Cost At l April 2023 Addition5 Disposals 175,000 310.875 6,246 268,629 9,595 17.042 771,546 15,841 117,0421 1192.0421 1175,0001 At 31 March 2024 317,121 278,224 595,345 Depreclatlon and imp4lmient At I ApTiI 2023 Depreciation charged In the Year Eliminated in respect of disposals 2.450 284,811 12.814 238.138 16,834 17,042 542,441 29,648 119,4921 12,4501 117.0421 At 31 March 2024 297.625 254.972 552,597 Canryin8 amount At 31 March 2024 19.496 23,252 42,748 At 31 March 2023 172.550 26.066 30,491 229,107 Included in cost or valuation of land and buildlngs ts freehold land of £300,QOO12023..£300.0001 Cost or valuation at 31 March 2024 15 represented by.. Flxtures anrt fittings Office equipment £317.121 £278,224 Total £595,345 -26-
UFE 2f*)9 NOTES TOTHE FINANCIAL 5TATEMENT5 ICONnNveDI FOR THE YEARENDED 31 MARCH 2024 16 Flxed asset Instments Llsted Investments Costor valu#lon At l April 2023 ValuatioR Changes 144,736 S56 At 31 March 2024 145.292 Carrylng amount At 31 March 2024 145,292 At 31 March 2023 144,736 All investment assets are held within the UK. 17 Debtoys 2024 2023 Amounts falllng due wfjthln one year: other debtors Prepayment5 and a¢¢rued inctsme 198.051 126,686 138.095 136,95S 324,737 275.050 18 loans and overdrafts 2024 2023 Bank loans 30,462 Payable within one year Payable after one year 5,30D 25,162 -27-
UFE 2009 NOTES TO THE FINANaALSTATEMENTS ICONMNUEDI FOR THE YEAR ENDED 31 MARCH2024 19 Credltors, amounts falllnB due within one year 2024 20Z3 Notes Bank loans Othert3xatiDn and social security Other creditors Accwals and deterred income 18 5.300 30,635 147,136 25.373 26.265 229.147 20,585 275.997 208,444 ZO Credltors- amount5 falllng due after more than oneyear 20Z4 2023 Notes Bank loans 25,162 21 Restrlcted fund5 The $triCt funds of the charity comprise the unexpended balances of donations and grant5 held ctn trust sublect to speclfic CDnditrons by donors as to how they may be used. At l April 2023 Incoming resourtes Aesour¢es expended Transfef5 Gains and At 31 Mareh losses 2024 Avie's Helpsng Hand LIFE Housin8 6,271 655.606 6,271 574,364 297.313 1332,6851 145,8701 661,877 297,313 1332.6851 145,87ts1 580,635 Prevlous Perlod: At lju1 2022 Incomlng re50Urtes Resources expÈnded Transfers Gains artd At 31 Mar¢h losses 2023 Gemma fund LIFE Housing 6.271 685.894 6,271 655,606 234.745 1337,8961 IS,(K)01 77,863 692,165 234,745 1337.8961 15,0001 77.863 661,877 -28-
UFE 21KJ9 NCITE5TOTHE FINANCIALSTATEMENTS ICONTINUEDI FQR THE YEAR ENDED 31 MARCHZ024 Unrestrirted fuftd$ The unrestricted funds of the charity comprise the unexpended bal?nces of donations and grants which are not subject to spec¥fic condition5 by donL)rs and gr6Trtor5 as to how they may be used. These include de5wn?ted funds which hève been Set aside out of unrestricted fvnds by the trustees for specific purposes. At l April 2023 Intomtng re50Urtes ResoUe$ expettded Transfers Galn5 and At 31 March losse5 2024 GeF>eral funds 935.113 2.866,428 13,524,624) 63.585 340,502 p¥[0$ Perfgd= At l July 2022 IneominB resources Resource5 ÈxpendEd Transkn Galns and At 31 March losses 2023 Generdl fund5 1.113.617 2.191.135 12,375,666) 5,000 1,027 935.113 23 Anatysi$ of netassets between funds Unrestflrted lunds 2024 Restricted funds 2024 Total 2024 At 31 March 3024: Tan8ible assets Investmert5 Cijrrent assetsllliabilitie51 42.748 145,292 152,462 42,748 145,292 733.097 580,635 340.502 580,635 921,137 Unrestrirted fvnds 2023 Restrirted funds 2023 Totsl 2021 At 31 March 2023: Tangible assets Investmeats Current a5sets/lliabilities1 Long term liabilities 229.107 144,736 586,432 125,1621 229,107 144.736 1.248.309 125.1621 661,877 935,113 661.877 1,596,990
UFE 2009 NOTESTO TrIE FIPIANCJAL sfATEMEi¥fs ICONTINUEDI FOR TrIE YEAR ENDED 31 MARCH2024 24 Capltal ¢ommltments There were no capitsl cofftmitments atthe year end. 25 Related partytransaction5 The key management petsonnel of thÈ charity comprise the Trustees, the Chief Executfve Offiteys, ljrectors fjf Fin3nce, Dlrettor of markeb"n8 aftd ctsmmunic8tion. and Director of Housing. There were no other tran53ction5 or cut5tanding balènces with related partie5 a5 at 31 March 202 26 Status ofthe Charlty fe 2009 is a £ompafty limited by guarantee having nu share capital. 27 Cash senerated Irom OpeOn5 2024 2023 Deficitforthe Ye3T 1675,8531 1208,7931 Adjustments for. Investment income recognised in statement of financial activities Gain on disposal of tangtble fixed assets Fair value 1n$ and losses on investments Depreaation and impai¥ment of tangible fixed assets 17.5561 12,5001 163,5851 29.648 15.3191 178,4471 39,010 Mavements in working capital-. Iin¢reasel/decre3se in debtors Inereaselldecre3sel in creditors 149,6871 73.434 4,S18 125,9621 Cash absorbed by operations {696.0991 1274.9931 -30-
UFE 2009 HOTESTO THE FINANCIALSTATEMENTS ICONTJP4UED) FOR THE YEAR ENDED 31 MARCH2024 ArtaSis of chartg irt netfunds At lAprfllJ At31 IAwth2024 Cash at bank and in hand 1,181,703 1497.3461 684,357 Loan5 falling dve within one year Loans falling due after more than one year 15,3(KJl 125.1621 5,300 25,162 1,151,241 1466.8841 684,357 31