Registered number: 06792434
Charity number: 1136839
LIFELINES INTERNATIONAL FUND
FOR EDUCATION LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
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 Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charitable company, its Trustees and
Advisers
Trustees. Report
Independent Auditors, Report on the Financial Statements
8-11
ststement of Financial Activities
12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Financial Statements
15-26

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY. ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
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 St Paul's Churchyard
London
EC4M 8AB
Page 1

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees and Members (who are also directors of the company for the purposes of the Companies Act)
present their annual report together with the financial statements of Lifelines International Fund for Education
Ltd lor'the Charitable Company") for the year ended 31 De￿mber 2024.
The Trustees confirm that the Annual Report, which includes the Directors, Report, and financial statements of
the Charitable Company comply with the current statutory requirements, the requirements of the Charitable
Company's governing document and the provisions of the Statement of Recommended practi￿ (SORP),
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019). Since the Charitable Company qualifies
as 'small' under Section 383, the strategic report required of medium and large companies under the
Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is not required.
Reference and administrative details
Lifelines International Fund for Education Ltd was incorporated on 15 January 2009 under the Companies Act
(2006) 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, for the period ending 31
De￿mber 2024. Mr Rupin Vadera is the Chair of the Board.
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
Structure, governance and management
The Charitable Company is a private company limited by guarantee, governed by its 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 to £10.
Lifelines International Fund for Education Ltd is managed by the Board of Trustees, who meet at least quarterly
each year. If the need arises to 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 performance 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 obseNers are periodically invited to join the Board as subject matter
experts (SMES), and this involves a careful vetting process by the Board to ensure every new SME is aware of
their responsibilities towards the charity.
Page 2

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities
To advan￿ education among people in India, in particular children, young people, and adults from
disadvantaged backgrounds by providing grants, items and services to charities or other organisations
working to advance education and through the provision of scholarships.
2. To act as a resource for young people up to the age of 21 living in the UK by providing advi￿ and
assistance and organizing programmes of educational and other activities as a means of-
Advancing in life and helping young people by developing their skills, capacities, and capabilities to
enable them to participate in society as independent, mature and responsible individuals.
b. Advancing education.
Lifelines Intemational continued its support for educational scholarships for children from impoverished and
marginalised communities in India.
During the year, scholarship and hardship funding (£52K) was provided to one UK-based and international
based university students and one organisation, to support them in their pursuit of higher education and
upskilling.
Regular reviews were conducted with all the supported charities to ensure both the viability and the future
sustainability of funded projects.
Fundraising Information
The Charitable Company does not carry out significant fundraising activities. 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 Stiftung, which has committed to a funding budget of at least £1,000,000
per annum, subject to the presentation of robust, well-researched and vetted charitable projects identified for
funding by the Lifelines Intemational Board. The funding indudes capital expenditure (such as the refurbishment
of the charity's property), and the operational and administrative costs of the charity.
Risks and risk management
The risks to which Lifelines Intemational is exposed. in the execution of its aims and objectives, are regularly
monitored by Trustees who are committed to the regular evaluation of organisational risk assessment and are
satisfied that efficient and effective systems are in place to mitigate exposure to major risks.
The principal risks that are relevant to Lifelines. as a predominantly grant giving entity are..
Strategic risk
These risks are those that could impact the charity's ability to ensure that it meets its key objectives, potentially
fails to serve and support its key clients (direct beneficiaries and other charitieslNGOs), andlor fails to meet the
strategic expectations of the Board and members of the charity.
The Board continues to work closely with funded charities and projects to ensure that they remain aligned to the
strategic direction and objectives enshrined within the terms and conditions of the grant.
In order to strengthen the mentoring and monitoring of funded charities an advisory committee of subject matter
experts has been established since February 2025. The Board has established a regular discussion and review
with all funded charities, in order to further mitigate this risk was to closely work with the recipient charities.
The majority of the projects funded met agreed targets and estimated outcomes, and where there has been a
perceived lack of perf0rrnan￿ without mitigating circUmstan￿s, these projects will not make the list for future
funding. Minority still failed to meet expectations.
Page 3

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial and Treasury Management Risk
The key financial risks are those that could mean that the charity would fail to meet its operational requirements
andlor to honour donation commitments made to charities. The Board proactively manages these risks by
ensuring sufficient cash reserves to meet all commitments, and by compiling grant proposals for future funding
up to one year in advance of requirement. As a result of the relationship with Nelumbo Stiftung (NS}, the
Lifelines International Board only enters commitments for operational expenditure and donations if the funds
have already been allocated or received from Nelumbo or are available within its free reserves. Furthermore,
the Board retains a minimum cash reserve to ensure it can meet at least 6 months of operational costs and
approved donations.
Regulatory and governance risk
These risks incorporate regulatory or legal sanctions, the potential for reputational damage, and in case of
significant failures, the loss of charitable ststus.
The Board has managed these risks by concentrating its initial strategic efforts on establishing a robust
governan￿ regime, the appointment of skilled and eXperIen￿d trustees, and ensuring professional
legallaccounting support in relevant areas. Trustees and senior management are required to attend mandatory
training on Charity Regulations, Anti-money Laundering, and Fraud Prevention.
Operational Risks (People. IT)
These risks relate to people, systems and pro￿sses, and extemallintemal events that erode the charity's ability
to meet its funding commitments andlor its operational outcomes.
At present Lifelines Intemational is managed entirely by a voluntary team, including an office manager, a
Finance and Donation Management Officer and a CFO. The Board is aware that this presents a potential risk. A
succession plan that may include intemal restructuring or the outsourcing of some functions is being considered
by the management team. This will be reflected in the revised Strategy to be presented to the Board by the end
of 2025.
IT systems management has been contracted out. with IT expertise also vested within the Lifelines International
team. Further, all documentation, processes and research data are stored on secure cloud-based seNers. IT
systems were refreshed and updated in July 2023 as part of moving into the newly refurbished office.
Change of management
These risks represent the failure of establishing and implementing change initiatives. The current management
team is now fully established, with a dedicated Finance and Donation Management Officer, a CFO and CEO
who led on governance, financial and operational issues. under the strategic direction of the Board.
The Lifelines office in Central London is now fully operational and has hosted charity partner meetings and
events, in addition to routine administrative tasks. 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 are now being developed, reporting tools are being used to manage and
monitor projects and the establishment of the Audit and Review Committee will further strengthen and support
the management team.
Page 4

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Education and Mental Health Initiatives
During the period, the Lifelines Intemational Board fijnded several projects to mitigate the severe debilitating
impact of fOr￿d migration and post-pandemic stress on the mental health of young people, members of
marginalised communities, survivors of domestic abuse, and survivors of human trafficking.
Lifelines International is particularly committed to raising awareness of emerging mental health issues,
particularly amongst young people, the refugee community, and women within BAME and marginalised
communities.
In support of these themes, during 2024 Lrfelines Intemational worked with relevant charities in the sector and
funded a range of projects..
Pan Intercultural Arts=
Amies Freedom Choirs (Psychosocial and psychotherapeutic support for female survivors of human
trafficking) £75K
Prathum..
Hamara Gaon Programme £73k
Chums..
Supporting young people and their families who suffered bereavement and trauma £50K
Think Equal.
Mental Health First Aid Training £70K
Happy Baby
Supporting pregnant women survivors of trafficking and Violen￿ £55K
University of Oxford..
Supporting young people with academic scholarships £60K
Future Leaders..
Future Leaders programme £72K
The Charitable Company continued the implementation of its strategic review into the funding, financial
planning, governan￿, and corporate identity of Lifelines International in 2024. The strategic review is ongoing,
and the charity is currently at the final stage of the three-year review.
In setting the objectives and planning the activities of the Charitable Company, the Trustees have given careful
consideration to the Charity Commission's general guidance on public benefit. As a result of this review, the
current objectives have been reviewed, and the Board has requested a minor change submission to be sent to
the Charity Commission in June 2025. This will not impact the key objects but seeks to recognise the increased
activity undertaken by the Charity in the UK.
Achievements and perforniance
As part of the Trustees, review of the Charitable Company's funding and management structure, there were
new additions to the Board (with effect from July 2023), the appointment of a Chief Financial Officer and
Company Secretary (volunteers), and the appointment of a Finan￿ and Donation Officer (volunteer, function
carried out by Company Secretary). This has resulted in a more robust govemance framework, an updated
medium-term financial strategy, and the establishment of an approved funding stream for an initial period of five
years.
Website upgrade and a social media presen￿ was established, although there is certainly room for significant
improvement. This is essential to improve awareness of the charity's work, and to showcase the work achieved
by the charities and NGOS supported by Lifelines International.
Page 5

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
At the end of the reporting period, the Charitable Company held unrestricted reseNes of £6,548,716 (2023
£6,354,196} and restricted reserves of £5,000 (2023 - £nil). The increase in reserves was driven by donation
income of £789,479 being received in the year. This was offset by expenditure of £591,231 in the year.
The Charity has a reserves policy of maintaining 3-6 months. total expenditure in unrestricted reseNes, which is
estimated as £60,000 based on the current level of activity. This will be used if the charity encounters financial
difficulties. The Charity continually aims to build up its reserves so that they are in line with the reserves policy.
The Trustees will review the reseNes policy on an annual basis and take steps to increase the value of
reserves.
Plans for future periods
Lifelines International management are now working towards establishing its next medium-term strategy (2025-
2027). This will incorporate increasing funding capacity. establishing a stronger relationship with its funders,
ensuring a substantive 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 to 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 to 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
law) are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (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 must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Charitable 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 apply them consistently.,
Observe the methods and principles of the Charities SORP IFRS 1021.,
Make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
And prepare the financial ststements on the going cOn￿M basis unless it is inappropriate to presume that
the charity will continue in operation.
Page 6

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charitable Company's transactions and that disclose with reasonable accuracy at any time the financial
position of the Charitable Company, and enable them to ensure that the financial statements comply with the
Companies Act, Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also
responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Disclosure of inforniation 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 infomation 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:
Madhavi Vadera
(Trustee}
Date=22 July 2025
Page 7

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD
FOR THE YEAR ENDED 31 DECEMBER 2024
Opinion
We have audited the financial statements of Lifelines International Fund for Education Ltd (the 'charitable
company,) for the year ended 31 De￿mber 2024 which comprise the Statement of Financial Activities, the
Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of
its incoming resources and application of reSoUr￿s. including its income and expenditure for the year
then ended.,
have been propedy prepared in accordan￿ with United Kingdom Generally AC￿pted Accounting
Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing (UK} (ISAS (UK}) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial ststements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least iwelve 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 Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Other information
The other information comprises the infomiation included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to detemine whether this gives rise to a material
misstatement in the financial statements themselves. If. based on the work we have performed, we conclude
that there is a material misstatement of this other infomation, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomation given in the Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordan￿ 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 its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or retums 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
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit,. or
the Trustees were not entitled to 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 fvlly in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements. the Trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic altemative but to do so.
Page 9

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Auditors. responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assuran￿ is a high level of assuran￿, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will a￿ayS detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to Influen￿ the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are InStan￿S of non<0mplian￿ with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, we considered the following..
The nature of the sector and the impact of the cost of living crisis on financial and operating performance
and policies.,
Enquiries of management, including obtaining and reviewing supporting documentation, concerning the
charity's policies and procedures relating to=
identifying, evaluating and complying with laws and regulations and whether they were aware of any
instances of non-compliance
detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud., and
the internal controls established to mitigate risks related to fraud or non-compliance of laws and
regulations., and
Discussions among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. The engagement team includes audit partners and staff
who have extensive experien￿ 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 understsnding 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 to 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 misstatement due
to fraud were in respect of connected paty transactions, revenue recognition (specifically completeness and
classification of donation income), unrecognised grant commitments and management override. Our
procedures to respond to risks identified included the following=
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial
statements.,
enquiring of management concerning actual and potential litigation, claims and fraud.,
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud,
reading minutes of meetings of those charged with governan￿.
Page 10

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LIFELINES INTERNATIONAL FUND FOR
EDUCATION LTD (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
reviewing completeness and classification of income with referen￿ to award letters and other supporting
documentation on a sample basis;
review on a sample basis of grant awards I Corresponden￿ with beneficiaries to verify completeness of
grant commitments.,
in addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments., assessing whether the judgements made in making accounting
estimates are indicative of a potents'al 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 eviden￿ of related party transactions and verifying appropriate
disclosure in the financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that Complian￿ with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of InStan￿S of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentstion.
A further description of our resF)onsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: vMw.frc.o
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
Use of our report
This report is made solely to 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 state to the
charitable company's members those matters we are required to state to them in an Auditors, Report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions
we have formed.
Hazra Patel {Senior Statutory Auditor)
for and on behalf of
Lubbock Fine LLP
Chartered Accountants & Statutory Auditors
Paternoster House
65 St Paul's Churchyard
London
EC4M 8AB
Date= 23 July 2025
Page11

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
35,000
754,479
1,272
789,479
1,272
1,275,000
157
Total income
35.000
755,751
790,751
1,275,157
Expenditure on:
Charitable activities
30.000
561,231
591,231
489,462
Total expenditure
30.000
561,231
591,231
489,462
Net movement in funds before other
recognised gainslllosses)
5,000
194,520
199,520
785,695
Other recognised gainsl{losses):
Losses on revaluation of fixed assets
(26,983)
Net movement in funds
5,000
194,520
199,520
758,712
Reconciliation of funds:
Total funds brought forward
Net movement in funds
6,354,196
194,520
6,354,196
199,520
5,595,484
758,712
5,000
Total funds carried fonNard
5,000
6,548,716
6,553,716
6,354,196
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 15 to 26 fonn part of these financial statements.
Page 12

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06792434
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2024
2023
2023
Note
Fixed assets
Investment propety
Current assets
6,300,000
6,300,000
Debtors
12
14,120
358,444
Cash at bank and in hand
330,487
372.564
330,487
Creditors.. amounts falling due within one
year
13
(118,848)
(271,291)
Net current assets
253,716
59,196
Creditors.. amounts falling due after more
than one year
14
{5,000)
Total net assets
6,553,716
6,354,196
Charity funds
Restricted funds
15
5,000
6,548,716
Unrestricted funds
15
6,354,196
Total funds
6,553,716
6,354,196
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Madhavi Vadera
(Trustee}
Date= 22 July 2025
The notes on pages 15 to 26 form part of these financial statements.
Page 13

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash flows from operating activities
Net cash provided by operating activities
18
27,957
710,491
Cash flows from investing activities
Investment propety refurbishment costs
(570,759)
Net cash provided byl(used in) investing activities
(570,759)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
27,957
139,732
330,487
190,755
Cash and cash equivalents at the end of the year
19
358,444
330,487
The notes on pages 15 to 26 form part of these financial statements
Page 14

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
Lifelines International Fund for Education Ltd is a charitable company limited by gurantee registered in
England & Wales. It's registered address is 76 Park Street, London, W1 K 2JY. The functional currency of
the financial statements is sterling, rounded to the nearest pound (£).
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Lifelines International Fund for Education Ltd meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless
othemise stated in the relevant accounting policy.
2.2 Company status
The Charitable 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 SoUr￿S 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
Charitable company's operations is such. that there can be unpredictsble 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 Charitable 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 re￿iVed and the amount of income re￿1vable can be measured reliably.
Donations are recognised as income when pledged or if no pledge has been made then on receipt.
Where a donor specifies a time period in which the donation can be used, donation income is
recognised in that period. Donations received with imposed restrictions are classified as restricted
funds.
2.5 Interest receivable
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 notification of the interest paid or payable
by the bank.
Page 15

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies {continued)
2.6 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic
benefit to a third paty, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity- Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een 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 to 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 property 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 property. 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 settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligats-on at the Balan￿ Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charitable company anticipates it will pay to settle
the debt or the amount it has received as advanced payments for the goods or services it must
provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
Page 16

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies {continued)
2.11 Corporation Tax
Due to the charitable nature of the activties undertaken, the Charitable company's surpluses are not
subject to 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 at transaction value
and subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charitable company and which have not been
designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
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 set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Donations
35,000
754,479
789,479
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Donations
25,000
1,250,000
1,275,000
Page 17

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Bank interest
1.272
1,272
157
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Charitable activity
30,000
561,231
591,231
Restrictsd Unrestricted
funds
funds
2023
2023
Total
2023
Charitable activity
30,972
458,490
489,462
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Charitable activity
534,022
57,210
591,232
Page 18

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities (continued)
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
Analysis of direct costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Awareness Event
30,972
Analysis of support costs
Total
funds
2024
Total
funds
2023
Staff costs
2,015
540
10,714
7,348
1,627
6,137
10,153
13,834
4,842
48,095
480
10,000
646
Accountancy fees
Audit fees (governan￿)
Other support costs
Insuran
3,844
10,102
10,288
Brand strategy, website development and other professional fees
Rates and Utilities
Propety repairs
Travel
6,921
(36}
Fundraising costs
57,210
90,340
Page 19

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of grants
Grants to
Grants to
Institutions Individuals
2024
2024
Total
funds
2024
Grants
479.270
54,752
534,022
Grants to individuals totalling £52,504 were made to cover student course fees and living costs.
Grants to
Grants to
Institutions Individuals
2023
2023
Total
funds
2023
Grants
334,930
33,220
368,150
The Charitable company has made the following material grants to institutions during the year=
2024
2023
Name of institution
Crisis
Pan Intercultural Arts - Amies Choir Project
Pan Intercultural Arts - Papillon Project
Pan Intercultural Arts - Fortune and Amies Project
Future Leaders Programme
Quest for Learning
The Happy Baby Community
Future Living HertFord
CHUMS
Prathum UK
19,148
31,432
41,159
23,034
75,000
72,500
120,180
42,497
10,493
45,000
55,332
50,000
73,000
70,400
14,975
60,000
Think Equal
Shared Health Foundation
The University of Oxford
Other grants to institutions
8,063
1,987
479,270
334,930
Page 20

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Auditors. remuneration
2024
2023
Fees payable to the Charitable company's auditor for the audit of the
Charitable company's annual accounts
10,700
10,000
Stsff costs
2024
2023
Wages and salaries
Social security costs
2,154
(139)
45,600
2,495
2,015
48,095
The average number of persons employed by the Charitable company during the year was as follows..
2024
No.
2023
No.
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 to be the Key Management Personnel, received
any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 21

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.
Investment property
Freehold
investment
property
Valuation
At 1 January 2024
6,300,000
At 31 December 2024
6,300,000
The investment propety was revalued at 31 De￿mber 2024 by the Trustees on an open market basis.
12. Debtors
2024
2023
Due within one year
Other debtors
Prepayments and accrued income
7,745
6,375
14,120
13. Creditors: Amounts falling due within one year
2024
2023
Other creditors
1,714
66,671
4,715
198,191
Accruals
11,150
30,000
77,698
Grants payable - Individuals
Grants payable - Institutions
118,848
271,291
14.
Creditors: Amounts falling due after more than one year
2024
2023
Grants payable - Institutions
5,000
Page 22

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
Designated funds
Investment property fund
6,300,000
6,300,000
General funds
General Funds
54.196
755,751
{561,231)
248,716
Total Unrestricted funds
6,354,196
755,751
(561,231)
6,548,716
Restricted funds
Scholarship programme
35,000
(30,000)
5,000
Total of funds
6,354,196
790,751
{591,231)
6,553,716
Page 23

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
Statement of funds (continued)
Statement of funds - prior year
Balance at
31
Gainsl December
(Losses
2023
Balance at
1 January
2023
Transfers
inlout
Income Expenditure
Unrestricted
funds
Designated
funds
Investment
property fund
5,700,000
626,983
(26,983)
6,300,000
General funds
General Funds
(104,516)
1.250.157
(458.490) (632,955)
54,196
Total
Unrestricted
funds
5,595,484
1,250.157
(458,490)
(5,972)
(26,983)
6,354,196
Restricted
funds
Awareness
event
25,000
(30,972)
5,972
Total of funds
5,595,484
1,275,157
(489,462)
(26,983) 6,354,196
Restricted funds
The scholarship programme restricted fund relates to donations received to fund scholarships to
students.
Designated funds
The investment property designated fund represents the value of the charity's investment property which
is principally held for income generation to further the charity's objectives.
Transfer of funds
A transfer totalling £nil12023 £5.9721 was made from general funds to restricted funds to cover the
cost of the overspend on the restricted awareness event.
A transfer totalling £nil (2023 - £626,983) was made from general funds to the designated investment
propety fund to represent the costs that were capitalised in the year in relation to the refurbishment of
the propety.
Page 24

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Investment propety
Current assets
Creditors due within one year
6,300,000
367,564
(118,848)
6,300,000
372,564
(118,848)
5,000
Total
5,000
6,548,716
6,553,716
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Investment propety
Current assets
Creditors due within one year
Creditors due in more than one year
6,300,000
330,487
(271,291)
(5,000)
6,300,000
330,487
(271,291)
(5,000)
Total
6,354,196
6,354,196
17. Related party transactions
During the year, the charity was awarded donations totalling £754,479 (2023 £1,250,000) by Nelumbo
Stiftung, a charitsble foundation which is a member of the charity. The trustees of Lifelines International
Fund for Education are not beneficiaries of Nelumbo Stiftung. There were no attached conditions which
would, or might, require the charity to alter significantly the nature of its existing activities.
During the year, the charity VRS awarded restricted donations totalling £35,00012023 £25,000) by Fll
Limited, a company in which trustees Madhavi Vadera and Rupin Vadera are directors. The donation was
for the funding of the Charity awareness event, however during the current year the donation was
reallocated to the scholarship programme fund with the permission of the donor. An amount of £10,248
(2023 £95,638) was paid on behalf of the Charity by Fll Limited in respect of various charitable
expenditure.
At the year end, an amount of £5,000 (2023 - £10,000) is due to Migrant Help, a Charity in which trustee
Madhavi Vadera is also a trustee.
Page 25

LIFELINES INTERNATIONAL FUND FOR EDUCATION LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net income for the period (as per Statement of Financial Activities)
199,520
785,695
Adjustments for:
(Increase}Idecrease in debtors
Decrease in creditors
(14,120)
(157,443)
125,708
(200,912)
Net cash provided by operating activities
27,957
710,491
19. Analysis of cash and cash equivalents
2024
2023
Cash in hand
358,444
330,487
Total cash and cash equivalents
358,444
330,487
20. Analysis of changes in net debt
At1
January
2024 Cash flows
At31
December
2024
Cash at bank and in hand
330,487
27,957
358,444
Page 26