Registered number.. 06792434
Charity number- 1136839
LIFELINES INTERNATIONAL FUND
FOR EDUCATION LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
LUBBOCK FINE LLP
Chartered Accountants
Paternoster House
65 St Paul's Churchyard
London EC4M 8AB

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
CONTENTS
Page
Reference and Administrative Details of the Charitable company, its Trustees and
Advisers
Trustees. Report
Independent Audltors, Report on the Flnanclal Statements
8-11
Statement of Finaneial Activities
12
Balanee Sheèt
13
ststement of Cash Flows
14
Notes to the Financial Statements
15-27

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY. ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Madhavi Vadera
Rupin Vadera
Vandana Shah
Darpan Patel
Pia Mandus
Company registered
number
06792434
Charity registered
number
1136839
Registered office
76 Park Street
London
W1K2JY
Company secretary
Ruxandra Sandu
Chief executive officer
Madhavi Vadera
Independent auditors
Lubbock Fine LLP
Chartered Accountants & Statutory Auditors
Paternoster House
65 Sl Paul's Churchyard
London
EC4M 8AB
Page 1

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees (who are also directors of the company for the purposes of the Companies Acll present their
annual report together with the financial statements of Lifelines International Fund for Education Ltd lor "the
Charitable Company'l for the year ended 31 December 2023.
The Trustees confim that the Annu81 Report, which includes the Directors, Report, and financi81 statements of
the Charitable Company comply with the cutrenl statutory requirements, the requirements of the Charitable
Company's governing document and the provisions of the Statement of Recommended Poctice ISORPI,
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Rèpublic of Ireland IFRS 1021 (effective 1 January 20191. Since the Charitable Company qualifies as
'small' under Section 383, the strategic report ￿qUired of medium and large companies under The Companies
Act 2006 Istrategic Report and Direclorfs Report) Regulations 2013 is not required.
Reference and admlnlstratlve detalls
Lifelines International Fund for Education Ltd was incorporated on 15 January 2009 under the Companies Act
120061 with a company number of 06792434, and subsequently registered as a charity with the Charity
Commission of England and Wales on 13 July 2010 under registration number 1136839. The registered office
address is 76 Park Street, London, W1 K 2JY.
The CEO of Lifelines International Fund for Education Ltd was Madhavi Vadera until 1 July 2021. Rupin Vadera
look over the role from this dale, with Mrs Vadera subsequently serving as Deputy CEO. As of 6 July 2023, Mrs
Vadera resumed her role as CEO.
Trustees
The Trustees who served the Charitable company during the year and Sin￿ the period end were as follows..
Mrs Madhavi Vadera
Mr Rupin Vadera
Mr Darpan Patel
Ms Pia Mandus
Mrs Vandana Shah (from 6 August 20231
structure. governance and management
The Charitable Company is a private company limited by guarantee, governed by ils Memorandum and Articles
of Association. In the event of the company winding up while a member or within ￿e1ve months of ceasing to be
a member, the memberfs liability is limited lo £10.
Lifelines International Fund for Education Ltd is managed by the Board of Trustees, who meet al least quarterfy
each year. If the need arises lo appoint a new Trustee, the remaining Trustees will identify and appoint an
appropriate person. New Trustees are briefed on their legal obligations under charity and company law, the
contents of the Memorandum and Articles of Association, the committee and decision-making processes, the
business plan, and recent financial performan￿ of the Charitable Company.
The Board continuously reviews its existing capabilities and competencies and is conscious of the need to
maintain a balance of skills. Additional members are periodically invited to join the Board as subject maller
experts ISMES), and this involves a careful velling process by the Board to ensure every new SME is aware of
their responsibilities towards the charity.
The Board is currently actively engaged in recruiting a further Trustee to the Board.
Page 2

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Objectives and activities
1. To advance education among people in India, in particular child￿n, young people, and adults from
disadv8n18ged backgrounds by providing grants, items and services lo eharilies or other organisations
working to advance education and through the provision of scholarships.
2. To act as a resource for young people up lo thè age of 21 living in the UK by providing advi￿ and assistance
and organizing programmes of educational and other activities as a means of".
a. Advancing in life and helping young people by developing their skills, capacities, and capabilities to
enablè them to participate in society as independent, mature and responsible individuals.
b. Advancing education
Lifelines International continued ils support for educational scholarships for children from impoverished and
marginalised communits'es in India.
During the year, scholarship and hardship funding1£33KI was provided to one UK-based and one international
based university students, both of whom have now successfully completed their courses and are in employment
Regular reviews were conducted with all the supported charities to ensure the viability of future projects.
Fund-Ralslng Infomiatlon
The Charitable Company does not carry out significant fundraising aclivits'es. No public donations were received
in the year and no public fundraising was undertaken. The Charity has established philanthropic relationships
with a charitable foundation, Nelumbo Sliftung, which has committed to a funding budget of at least £1,000,000
per annum, subject to the presentstion of robust, well-researched and vetted charitsble projects identified for
funding by the Lifelines International Board. The funding includes capital expenditure Isuch as the refurbishment
of the charity's propetyl, and the operational and adminislralive costs of the charity.
Rlsks and rlsk management
The risks lo which Lifelines International is exposed, in the execution of ils aims and objectives, are regularly
monitored by Trustees who are committed lo the regular evaluation of organisalional risk assessment and are
satisfied that efficient and effective systems are in place to miligale exposure to major risks.
The principal risks are..
Strategic risk
These risks are those that could impact the charity's ability lo ensure that it meets ils key objectives, potentially
fails to serve and support ils key clients (direct beneficiaries and other charitieslNGOsl, andlor fails lo meet the
strategic expectations of the Board and members of the charity.
These risks initially emerged during 202012021 and the early part of 2022, leading to increasing demand for
COVID-relaled emergency support from charities and thus resulting in a proportional increase in the need to
ensure that projects funded were adequately monitored. The Board's approach lo mitigating this risk was to
closely work with the recipient charities,. the increased use of online review and update discussions., and by
making periodic additional emergency donations, following review.
Whilst most of the projects funded met agreed largels and estimated outcomes, a minority still failed to meet
expectations. A Charity Administrator was appointed in July 2022 to ensure application projections were
monitored and timely outcomes reports re￿ived.
Page 3

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial and Treasury Management Risk
The key financial risks are those that mean the charity would fail lo meet its operational requirements 8ndlor to
honour donation commitments made to charities. The Board proactively manages these risks by ensuring
suffi'cient cash reserves to meet all commitments, and by Compiling grant proposals for future funding up to one
year in advance of requirèment. As a ￿SuIt of the relationship with Nelumbo Stiftung INSI, the Lifelines
International Board only enters commitments for operational expenditure and donations if the funds have already
been allocated or received from NS. Furthermore, the Board retains a minimum cash reserve to ensure it can
meet at least 6 months of operab'onal costs and approved donab'ons.
Regulatory and governance rlsk
These risks incorporate regulatory or legal sanctions, the potential for reputstional damage, and in case of
significant failures, the loss of charitable status.
The Board has managed these risks by concentrating its initial strategic efforts on establishing a robust
governan￿ regime, the appointment of skilled and experienced trustees, and ensuring professional
legallaccounting support in relevant areas. Trustees and senior management attend mandatory training on
Charity Regulations, Anti?Money Laundering, and Fraud Prevention.
A Charity Adminislralor has been appointed to maintain oversight of emerging regulatory changes, to compile
policies, and to ensure that the Board is informed about current guidance and policy updates.
Operatlonal Rlsks {People, IT)
These risks relate lo people, systems and processes, and externallinternal events that erode the charity's ability
lo meet its funding commitments andlor ils operational outcomes.
At present Lifelines International is managed entirely by a voluntary team and one full-time paid member of staff
Icharily Administrator) and the Board is aware that this presents a potential risk. A succession plan with a more
detailed HR strategy (with employed staffj will be considered as part of the next three-year strategy lo be
considered by the Board12024-20271.
IT systems management has been contracted out, with IT expertise also vested in the Lifelines International
team. Further, all documentation, pro￿SSeS and research data are stored on secure cloud-based servers. IT
systems were refreshed and updated in July 2023 as part of moving into the newly refurbished offi￿.
Change of management
These risks represent the failure of establishing and implementing change initiatives. 2022 remained a
challenging year, with delays in assessing project applications, grant management, and the delayed move back
into office premises. This change appears to have impacted all organisations, and the pressure on NGOS that
rely on a largely volunteer team (such as Lifelines Internationall continue to struggle with meeting all the
changing demands of the organisation. There were delays, loo, in 2023 as a result of staff turnover. This has
now been resolved by the addition of a full-time officelfacilities manager and the re-allocation of the donation
management function within the team
The Lifelines office in Central London became fully functional in July 2023. The Board manages key projects
centrally, with clearly identified processes that are established and drawn from collaborative team discussions.
Nevertheless, as outlined earlier, key change initiatives such as the HR strategy, establishment of formalised
reporting tools and grant award committees have been further delayed, impacting the number of projects the
charity was able lo proactively support with funding.
Page 4

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Education and Mental Health Initiatives
During the period, the Lifelines International Board funded several projects to mitigate the severe debilitating
impact of forced migration and post-pandemic stress on the mental health of young people, members of
marginalised communities, survivors of domestic abuse, and survivors of human tmfficking.
Lifelines International is particularly committed lo raising awareness of emerging mental health issues,
particulady amongst young people, the refugee community, and women within BAME and marginalised
communities.
In support of these themes, during 2023 Lifelines International worked with relevant charities in the sector and
funded a range of projects..
Pan Inlercultural Arts..
Papillon Projed IPsychosocial support for female Afghan refugees and Fortune project- £64k
Amies Freedom Choirs (Psychosocial and psychotherapeutic support for female survivors of human
trafficking) £31 K
Quest for Leaming".
Book Quest and Reading Quest (Literacy development and support for primary school children) £120K
Chums..
Supporting young people and their families who suffered bereavement and trauma £45K
Future Living Hertrord..
Supporting women's empowemient and employability £1 OK
Happy Baby
Supporting p￿gnant women survivors of trafficking 8nd violence £43K
Crisis".
Supports'ng people that experienced homelessness £19K
Lifelines International continued its support tsf 8 groundbre8king initi8tive working with Future Leaders IFLI.
FL offers a year-long leadership programme lo students from severely disadvantsged communities, allowing
them aC￿sS to post-18 pathways lo further education and employment that would have previously been
impossible. Future Leaders is in partnership with the Mayor of London and the University of Oxford. As a result
of the funding provided by Lifelines International 1£375k in lotsl for a period of three years, subject to evidenced
support of performance and outcomes) over 300 students will benefit from these transformational sessions.
The Charitsble Company continued the implementstion of its strategic review into the funding, financial planning,
governan￿, and corporate identity of Lifelines International in 2023. This timeline has suffered as a ￿sUIt of
resourcing issues as Lifelines is reliant on volunteer support. We are committed on strengthening of the Board of
Trustees to bring in additional skillsets required for the effective management and oversight of the activities of
Lifelines International. The strategic review is ongoing, and the charity is currently at the final stsge of the three-
year review.
In setting the objectives and planning the activities of the Charitsble Company, the Trustees have given careful
consideration lo the Charity Commission's general guidance on public benefit. As a result of this review, the
current objectives are being reviewed and may be resubmitted to the Charity Commission in late 2024.
Achlevements and perfomiance
As part of the Trustees, review of the Charitable Company's funding and management structure, there were new
additions to the Board Iwilh effect from July 20231, the appointment of a Chief Financial OffI￿r and Company
Secretary Ivolunteersl, and the Charity Adminislralor lemployeel. This has resulted in a more robust governance
framework, an updated medium-term financial strategy, and the establishment of an approved funding stream for
an initial period of five years.
Page 5

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
An updated website was launched during the year lo improve awareness of the charity's work, and to showease
the work achieved by the charities and NGOS supported by Lifelines International.
A celebffttory event Icelebrating Changemakersl was hosted by Lifelines Internation81 to bring together other
funders and our charities, building networks and ￿lationShipS to ensure that the charities we support become
self-sustaining in tems of their growth and long-term effectiveness.
Financial review
At the end of the reporting period, the Charitable Company held unrestricted reserves of £S,354,196 12022
£5,595,484) and reslricled reserves of £nil12022 - £nill. The increase in reserves was driven by donation income
of £1,275,000 being received in the year. This was offset by expenditure of £489,462 in the year. During the year
the investment property was in the process of undergoing refurbishment with works completing in August 2023.
The Charity has a reserves policy of maintaining 3-6 months, total expenditure in unreslricled reserves, which is
estimated as £60,000 based on the current level of activity. The Trustees will review the reserves policy on an
annual basis and take steps lo increase the value of reserves.
Plans for future perlods
Lifelines International management are now working towards estsblishing its next medium-temi stralegy12025-
20271. This will incorporate increasing funding capacity, establishing a stronger relationship with ils funders,
ensuring a subslanlive increase in reserves, and a targeted increase in the charitsble donations Made by the
charity to educational, transformational projects.
The Trustees would like to continue lo increase their support for charities who work therapeutically with refugees
and with victims of abuse and trafficking, as well as targeted social empowerment initiatives for young people.
The charity has established a scholarship fund lo encourage young people from marginalised communities within
the UK to gain qualifications in counselling, art, and the medical profession.
Further work on the structure, reporting mechanisms and application processes is ongoing.
Trustees. Responsibility Statement
The Trustees (who are also directors of Lifelines International Fund for Education for the purposes of company
lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Stsndards (the United Kingdom Generally Accepted Accounting
Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair
view of the slate of affairs of the Charitsble Company and of the incoming resources and application of
resources, including the income and expenditure, of the Charitable Company for that period. In preparing these
financial statements, the Trustees are required to..
Select suitable accounting policies and then app￿ them consislenUy',
Observe the methods and principles of the Charities SORP IFRS 1021.,
Make judgments and accounting eslimales that are reasonable and prudent,
Stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial stalemenls.,
And prepare the financial statements on the going con￿rn basis unless il is inappropriate lo presume that
the charity will continue in operation.
Page 6

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees are responsible for keeping adequate aecounting records that are sufficient lo show and explain
the Charitable Company's transactions and that disclose with reasonable accuracy at any time the financial
position of the ChariL9ble Comp8ny, and enable them lo ensure that the financial statements comply with the
Companies Act, Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They a￿ also
sponsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Disclosure of infomiation to auditors
Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that".
so far as that Trustee is aware, there is no relevant audit information of which the Charity's auditors are
unaware and.,
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.
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by
section 415A of the Companies Act 2006.
Approved by order of the members of the board of Trustees and signed on their behalf by..
v,kn.
Madhavi Vadera
ITrusteel
30 september 2024
Dale..
Page 7

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD
FOR THE YEAR ENDED 31 DECEMBER 2023
Opinion
We have audited the financial statements of Lifelines International Fund for Education Ltd Ilhe 'charitable
company'l for the year ended 31 December 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 Stsndards, including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, Iunited Kingdom Generally AC￿pted Accounting
Practice).
In our opinion the financial slalements..
give a true and fair view of the slate of the charitable company's affairs as at 31 December 2023 and of its
incoming reSoU￿S and application of resources, including ils income and expenditure for the year then
ended,.
have been property prepared in accordance with United Kingdom Generally Accepted Accounting
Practi¢e', and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial slalemenls section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Stsndard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements, we have conduded that the Trustees, use of the going concem basis of
accounting in the p￿paratiOn of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that. individually or collectively, may cast significant doubl 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

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
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 lo the extent otherwise explicitly sL9ted in our report, we do not express any form of assurance conclusion
Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required lo determine whether this gives rise lo 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.
Oplnlon on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomialion given in the Trustees. Report for the financial year for which the financial slalements are
prepared is consislenl with the financial slalements.
the Trustees. Report has been prepared in awordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to ￿port in respect of the following matters in relation lo which Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
rtain disclosures of Trustees. remuneration specified by law are not made., or
we have not re￿iVed all the infomialion and explanations we require for our audit., or
the Trustees were not entitled lo prepare the financial statements In accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees. Report and
from the requirement to prepare a Strategic Report.
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 lawl 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 ne￿SSary lo 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
lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going
GOn￿M basis of accounting unless the Trustees either intend to liquidate the charitable company or lo ￿ase
operations, or have no realistic alternative bul to do so.
Page 9

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Auditors. responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as 8 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
8ccord8nce with ISAS IUKI will a￿ayS detect a material misstatement when il exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financi81 statements.
Irregularities, including fraud, are instsnces of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo delecl material misstatements in respect of irregularities,
including fraud.
In identifying and assessing risks of material misstslemenl in respect of irregularities, including fraud and non-
Complian￿ with laws and regulats'ons, we considered the following..
The nature of the sector and the impact of the cost of living crisis on financial and operating performan
and policies.,
Enquiries of management, including obtaining and reviewing supporting documentation, concerning the
charity's policies and procedures relating lo".
identifying, evaluating and complying with laws and regulations and whether they were aware of any
instances of non-compliance
detecting and responding lo the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud., and
the inlemal controls established to mitigate risks related lo fraud or non-complian￿ of laws and
regulations., and
Discussions among the engagement team regarding how and where fraud might occur in the financial
statements and any FX)lenlial indicators of fr8ud. The eng8gement team includes audit partners and staff
who have extensive experience of working with charities in similar sectors and this experience was relevant
to the discussion about where fraud risks might arise.
We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing
on provisions of those laws and regulations that had direct effect on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included the
UK Companies Act, UK Charities Act and Charities SORP 2019.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental lo the charity's ability to operate or to avoid
a material penalty. These included health and safety regulations, and environmental regulations.
As a result of these procedures, we considered the particular areas that were susceptible to misstalemenl due to
fraud were in respect of connected patty transactions, revenue recognition (specifically completeness and
classification of donation income), unrecognised grant commitments and management override. Our procedures
lo respond to risks identified included the following..
reviewing the financial statement disclosures and lesling to supporting documentation lo assess compliance
with provisions of relevant laws and regulations described as having a direct effeet on the financial
statements.,
enquiring of management Con￿rning actual and potential litigation, claims and fraud.,
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstalemenl due to fraud.,
reading minutes of meetings of those charged with governance.,
Page 10

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
reviewing completeness and classification of income with reference to award letters and other supporting
documentation on a sample basis",
review on a sample basis of gonl awards I correspondence with beneficiaries to verify completeness of
grant commitments.,
in addressing the risk of fraud through management override of controls, lesling the appropriateness of
journal entries and other adjustments,. assessing whether the judgements made in making accounting
estimates are indicative of a potential bias., and evaluating the rationale of any significant transactions that
are unusual or outside the nomial course of the charity's operations.
reviewing transactions and balances for evidence of related party transactions and verifying appropriate
disclosure in the financial ststements.
Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including
those leading to a material misslatemenl in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
flected in the financial slalements, as we will be less likely lo become aware of instances of non-complian￿.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.fre.or
.ukIauditors￿S
onsibilities. This description forms part of our
Auditors, Report.
Use of our report
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charitable
company's members those mallers we are required lo stale to them in an Auditors, Report and for no other
purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than
the charitable company and Ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Hazra Patel (Senior Statutory Auditor)
for and on behalf of
Lubbock Fine LLP
Chartered Accounlanls & Slatulory Auditors
Palernosler House
65 St Paul's Churchyard
London
EC4M 8AB
30 september 2024
Dale".
Page11

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Note
Income from-
Donab"ons and legacies
Investments
25,000
1,250,000
157
1,275.000
157
850,000
Total income
25,000
1,250,157
1,275,157
850,000
Expendlture on:
Charitable activities
30,972
458,490
489,462
587,956
Total expenditure
30,972
458,490
489,462
587,956
Net lexpenditurellincome
Transfers between funds
15,9721
5,972
791,667
15,9721
785,695
262,044
15
Net movement in funds before other
reeognised gainslllosses)
785,695
785,695
262,044
Other recognised gainslllossesl:
Losses on revaluab'on of fixed assets
126,9831
126,9831
123,4631
Net movement in funds
758,712
758,712
238,581
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
5,595,484
758,712
5,595,484
758,712
5,356,903
238,581
Total fvnds carried forward
6,354.196
6,354.196
5,595.484
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 15 to 27 fomi part of these financial stalemenls.
Page 12

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
REGISTERED NUMBER: 06792434
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2023
2022
2022
Note
Fixed assets
Investment property
Current assets
6,300,000
5,700,000
Debtors
Cash at bank and in hand
12
125,707
190,755
330,487
330,487
316,462
Creditors.. amounts falling due within one
year
13
1271,2911
1244,3121
Net eurrent assets
59,196
72,150
Creditors.. amounts falling due after more
than one year
14
15,0001
1176,6661
Total net assets
6,354,196
5,595,484
Charity funds
Restricted funds
Un￿StrICted funds
15
15
6,354,196
5,595,484
Total funds
6,354,196
5,595,484
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 aulhorised for issue by the Trustees and signed on their behalf by..
V,ILY
Madhavi Vadera
ITrusteel
30 september 2024
Dale..
The notes on pages 15 to 27 fomi part of these financial stalemenls.
Page 13

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Note
Cash flows from operatlng actlvltles
Nel cash provided by operating activities
710,491
699,129
Cash flows from investing activities
Investment property refurbishment costs
1570,7591
1522,9461
Net cash used in investing activities
1570,7591
1522,9461
Change in cash and cash equivalents in the year
Cash and eash equivalents at the beginning of the year
139,732
176,183
190,755
14,572
Cash and cash equivalents at the end of the year
330,487
190,755
The notes on pages 15 to 27 fomi part of these financial statements
Page 14

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General information
Lifelines International Fund for Education Ltd is a charitable company limited by guranlee registered in
England & Wales. Il's registered address is 76 Park Street, London, W1 K 2JY. The functional currency of
the financial statements is sterling, rounded lo the nearest pound 1£).
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in aceordanee with the Charities SORP IFRS 1021
Aceounling and Reporting by Charities." Statement of Recommended Practice applie8ble to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Lifelines International Fund for Education Ltd meets the definition of a public benefit entity under FRS
102. Assets and liabilities a￿ initially recognised at historical cost or transaction value unless
otherwise staled in the relevant accounting policy.
2.2 Company status
The Charitsble company is a company limited by guarantee. In the event of the Charitable company
being wound up, the liability in respect of the guarantee is limited to £10 per member of the
Charitable company.
2.3 Going concern
The accounts have been prepared under the going concern basis, which assumes that current and
future sources of funding will be adequate for the Charitable Company's needs.
The Charitable Company Meets its running costs from donation income. The nature of the Charitsble
company's operations is such, that there can be unpredictable variations in the timing and amount of
cash inflows. The Trustees continuously review the funding prospects and expenditure levels and
take action to reduce expenditure should funding expectations and reserves appear inadequate. On
the basis of this policy, the Board consider that the Charitsble company will continue in operational
existence for the foreseeable future.
2.4 Income
All income is recognised once the Charitable 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.
Donations are recognised as income when pledged or if no pledge has been made then on re￿ipt.
Where a donor specifies a lime period in which the donation can be used, donation income is
recognised in that period. Donations received with imposed reslriclions are classified as reslricled
funds.
2.5 Interest recelvable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Charitable company., this is normally upon nolificalion of the interest paid or payable by
the bank.
Page 15

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.6 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit
to a third party, il 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 allribulable to a single activity are allocated direcuy
to that activity. Shared costs which contribute lo more than one activity and support costs which are
not attributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resources.
Costs of raising funds are those incurred in seeking voluntary contributions. Support costs are those
costs incurred directly In support of expenditure on the objects of the Charitable company.
Grants payable are charged in the year when the offer Is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject lo conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.7 Investment Property
Investment propety is carried at fair value determined annually by the trustees and derived from the
current market rents and investment property yields for comparable real estate, adjusted if necessary
for any difference in the nature, location or condition of the specific propety. No depreciation is
provided. Changes In fair value are recognised In the Statement of Financial Activities.
2.8 Debtors
Trade and other debtors are recognised at the selllemenl amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm 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.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet dale 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 al the amount that the Charitable company anticipates it will pay lo settle
the debt or the amount it has received as advanced payments for the goods or services it must
provide.
Provisions are measured al the best estimate of the amounts required to settle the obligation.
Page 16

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.11 Corporation Tax
Due lo the charitable nature of the activlies undertaken, the Charitable company's surpluses are not
subject lo corporation tax.
2.12 Financial instruments
The Charitable company only has financial assets and financial liabilities of a kind that qualify as
basic financial Instruments. Basic financial instruments are initially recognised al transaction value
and subsequenuy measured at their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.13 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charitable company and which have not been designated
for other purposes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular
purposes. The aim and use of each designated fund Is sel out in the notes to the financial
slatemenls.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charitable 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 sel out in the notes lo the financial stslemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Donations
25.000
1,250,000
1,275.000
Unrestricted
funds
2022
Total
funds
2022
Donations
850,000
850,000
Page 17

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Investment income
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Bank interest
157
157
Analysis of expenditure on charitsble activities
Summary by fund type
Restricted Unre¥tri¢ted
funds
funds
2023
2023
Total
2023
Charitable activity
30,972
458,490
489,462
Restricted Unrestrieted
funds
funds
2022
2022
Total
2022
Charitable activity
23.954
564,002
587.956
Analysis of expenditure by activities
Activities
undertaken
directly
2023
Grant
funding of
activities
2023
Support
costs
2023
Total
funds
2023
Charitable activity
30,972
368,150
90,340
489,462
Page 18

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities Icontinuedl
Activities
undertaken
directly
2022
Grant
funding of
activities
2022
Support
costs
2022
Total
funds
2022
Charitable activity
23,954
523,312
40,690
587,956
Analysis of direct costs
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Awareness Event
30,972
30,972
23,954
Analysis of support costs
Total
funds
2023
Total
funds
2022
Staff costs
Accountancy fees
Audit fees Igovernancel
Other support costs
Insurance
Brand strategy, website development and other professional fees
Rates and Utilities
48,095
480
10,000
646
3,844
10,102
10,288
6,921
1361
10,355
9,600
5,672
1,460
5,147
7,234
166
Travel
Fundraising costs
216
90,340
40,690
Page 19

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of grants
Grants to
Grants to
Institutions Individuals
2023
2023
Total
funds
2023
Grants
334,930
33,220
368,150
Grants to individuals totalling £33,220 were made lo cover student course fees and rent costs.
Grants to
Grants to
Institutions Individuals
2022
2022
Totsl
funds
2022
Grants
498,752
24,560
523,312
The Ch8ri18ble eompany has made the following material grants to institutions during the year".
2023
2022
Name of institution
Crisis
Pan Inlercullural Arts - Amies Choir Project
Pan Inlercullural Arts - Papillon Project
Pan Inlercullural Arts - Fortune and Amies Project
Future Leaders Programme
Quest for Learning
The Happy Baby Community
Future Living Hertford
CHUMS
Migrant Help
Other grants to institutions
19,148
31,432
41,159
23,034
34,282
51,670
375,000
120,180
42,497
10,493
45,000
15,000
1,987
22,800
334,930
498,752
Page 20

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Auditors. remuneration
2023
2022
Fees payable lo the Ch8ri18ble company's auditor for the audit of the
Charitable company's annual accounts
10,000
9,600
Staff costs
2023
2022
Wages and salaries
Social security costs
45,600
2,495
10,000
355
48,095
10,355
The average number of persons employed by the Charitsble company during the year was as follows..
2023
2022
Administrative employees
No employee received remuneration amounting to more than £60,000 in either year.
10.
Trustees. remuneration and expenses
During the year, no Trustees, who are also considered lo be the Key Management Personnel, received
any ￿mUNeratIOn or other benefits12022 - £NILI.
During the year ended 31 December 2023, no Trustee expenses have been incurred12022 - £NILI.
Page 21

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Investment property
Freehold
investment
property
Valuation
At 1 January 2023
Additions
5,700,000
626,983
126,9831
Loss on revaluation
At 31 December 2023
6,300,000
The investment property was revalued al 31 December 2023 by the Trustees on an open market basis.
12. Debtors
2023
2022
Due within one year
Prepayments and accrued income
125,707
125.707
13.
Creditors: Amounts falling due within one year
2023
2022
Trade creditors
Other creditors
Accruals and deferred income
Grants payable Individuals
Grants payable- Institutions
6,666
1,531
106,115
1,714
66,671
4,715
198,191
130,000
271,291
244,312
14. Creditors: Amounts falling due after more than one year
2023
2022
Grants payable- Institutions
5,000
176,666
Page 22

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Statement offunds
statement of funds - current year
Balance at
31
Gainsl December
{Lossesl
2023
Balance at 1
January
2023
Transfers
inlout
Income Expenditure
Unrestricted
funds
Designated
funds
Investment
propety fund
5,700,000
626,983
126,9831 6,300,000
General funds
General Funds
1104,5161
1,250,157
1458,4901
1632,9551
54,196
Total
Unrestrieted
funds
5,595,484
1,250,157
1458,4901
15,9721
126,9831 6,354,196
Restricted
funds
Awareness
event
25,000
130,9721
5,972
Total of funds
5,595,484
1,275,157
1489,4621
126,9831 6,354,196
Page 23

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Statement of funds Icontinuedl
statement of funds - prior year
Balance at
31
Gainsl December
{Lossesl
2022
Balance at
1 January
2022
Transfers
inlout
Income Expenditure
Unrestricted
funds
Designated
funds
Investment
propety fund
5,100,000
623,463
123,4631
5,700,000
General funds
General Funds
181,637
850,000
1564,0021
1572,1511
1104,5161
Total
Unrestrieted
funds
5,281,637
850,000
1564,0021
51,312
123,4631
5,595,484
Restrlcted
funds
Propety
purchase and
refurbishment
Awareness
event
65,266
165,2661
10,000
{23,9541
13,954
75,266
(23,9541
151,3121
Total of funds
5,356,903
850,000
1587,9561
123,4631
5,595,484
Page 24

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Statement of funds Icontinuedl
Restricted funds
The property purchase and refurbishment reslricled fund relates to donations received towards the
purchase and refvrbishment of the investment property.
The awareness event restricted fund relates lo donations received lo cover the costs of a charitable
event.
Designated funds
The investment property designated fund represents the value of the charity's investment propety which
Is principally held for inwme generation to further the charity's objectives.
Transfer of funds
Restrictions placed on certain restricted funds were satisfied during the year resulting in a transfer of £nil
12022 - £65,2661 from restricted lo general funds.
A transfer tolalling £5,97212022 - £13,954) was made from general funds to reslricled funds lo cover the
cost of the overspend on the restricted awareness event.
A transfer lotalling £626,983 12022 £623,463) was made from general funds to the designated
Investment property fund to represent the costs that were capitslised in the year in relation to the
refurbishment of the property.
16.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2023
Totsl
funds
2023
Investment propety
Current assets
Creditors due within one year
Creditors due in more than one year
6,300,000
330,487
1271,2911
15,0001
6,300,000
330,487
1271,2911
15,0001
Total
6,354,196
6,354,196
Page 25

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16. Analysis of net assets between funds Icontinuedl
Analysis of net assets between funds - prior year
Unrestricted
funds
2022
Total
funds
2022
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
5,700,000
5,700,000
316,462
316,462
1244,3121
1244,3121
1176,6661 1176,6661
Total
5,595,484
5,595,484
17. Related party transactions
During the year, the charity was awarded donations lotslling £1,250,00012022 £850,000) by Neluml)o
Stiftung, a charitsble foundation which is a member of the charity. The Iruslees of Lifelines International
Fund for Education are not beneficiaries of Nelumbo Sliftung. There were no attached conditions which
would, or might, oquire the charity lo alter significantly the nature of ils existing activities. At the year end
an amount of £nil12022 £125,000) was due from Nelumbo Sliftung lo the charity in respect of pledged
donations.
During the year, the charity was awarded restricted donab'ons tolalling £25,00012022 - £nill by Fll Limited,
a company in which Iruslees Madhavi Vadera and Rupin Vadera are directors. The donation was for the
funding of the Charity awareness event. An amount of £95,63812022 - £4,877) was paid on behalf of the
Charity by Fll Limited in respect of various charitable expenditure.
At the year end, an amount of £10,00012022 - £15,000) is due to Migrant Help, a Charity in which trustee
Madhavi Vadera is also a trustee. During the year grants of £nil12022 - £15,000) were awarded lo Migrant
Help.
18.
Reconciliation of net movement in funds to net cash flow from operating activities
2023
2022
Nel income for the year las per Statement of Financial Activiliesl
785,695
262,044
Adjustments for:
Decrease in debtors
IDecreasellincrease in creditors
125,708
1200,9121
135,753
301,332
Net cash provided by operating activities
710,491
699,129
Page 26

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
A Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19.
Analysis of cash and cash equivalents
2023
2022
Cash in hand
330,487
190,755
Total cash and cash equivalents
330,487
190,755
20. Analysis of changes in net debt
At1
January
2023 Cash flows
At31
December
2023
Cash at bank and in hand
190,754
139,733
330,487
21. Capltsl commltments
2023
2022
Contracted for but not provided in these financial ststements
Refurbishment of investment property
270,963
Page 27