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← Changing Lives Together

2024-12-31-accounts

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

REGISTERED COMPANY NUMBER: 07400060 (England and Wales) REGISTERED CHARITY NUMBER: 1139983

CHANGING LIVES TOGETHER

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 26
Detailed Statement of Financial Activities 27 to 28

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Overview

We are a social enterprise committed to delivering a creative and meaningful environmental, social and community impact and to making a difference to the people of Cheshire. Structured as a charitable company, we aim to be financially sustainable through enterprise but our social impacts are at the core of what we do.

We work extensively within our community to support people through a variety of work, training and volunteering programmes. One of our core values is that we support people in a way that maintains their personal dignity. Our mission is to create a better life for local people and improve their environment and wellbeing.

Operational and retail

Affordable furniture, paint and appliances

Our warehouse team continued throughout the year to help the environment by collecting domestic Bulky Waste to reuse and recycle items that would otherwise be sent to landfill or other waste destinations. We work with our membership organisation, the Reuse Network, in providing take-back schemes for a number of national retailers where we help reduce waste as well as bringing damaged and orphan items back in to use. These activities of repair and up-cycling provide work placement opportunities for the individuals we support. This saved consumers over £150,000 in buying preloved instead of new.

Emergency assistance

We operate contracts with local authorities and housing associations to provide their welfare assistance schemes. We supply starter packs, furniture and white goods to hundreds of people and families in need every year. These schemes ensure those in need gain access to essential household items and receive an efficient delivery and installation process. In 2024, we supported over 1,000 families.

During 2024 we saw a sharp drop in sales volume through the scheme as local authorities reset budgets from April, the uncertainty of the general election in July also saw a reduction in spend which presented us with a difficult scenario as we could not significantly reduce costs due to long term vehicle leases and the expectation that spend would increase by the LA’s, once the period of uncertainty passed, this has proved to be the case with sales numbers resuming a level of normality from September 2024.

Bulky waste

We are proud to support Cheshire West Recycling Limited and Warrington Borough Council in collecting bulky domestic waste - and we repair, reuse and recycle as much as we can, last year we collected nearly 8,000 products, reusing or recycling 49%.

Community support

Our Buddying and Befriending scheme had been successful in securing grants from The National Lottery Community Fund and others. This has enabled us to continue our great work helping those who are over 50 living across Cheshire West and Cheshire East and are experiencing loneliness and social isolation. The service delivered over 300 matches between volunteers and clients in 2024 and led to us establishing community groups under the Warm Welcome brand to support those who are socially isolated and enable them to meet others in a community-based environment, this has led to over 150 people meeting each week taking part in group activities and making new friends.

Throughout the year our Family Support team continued their exceptional work in their school placements to help improve attendance, behaviour and achievement. They focus on early intervention, helping parents to develop the necessary coping skills and access a broad range of services. If our team is unable to assist, they will put families in touch with somebody who can and arrange introductions. In 2024 over 63 families were directly supported by our in-school teams.

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The Very Green Grocery

Since starting out in 2020, the community groceries have gone from strength to strength in its provision and distribution of surplus food across Cheshire West. Utilising two vehicles we are collecting thousands of tonnes of surplus food across Cheshire, last year alone we calculate over 21,000 individual shops took place saving customers approximately £354,000 in food costs and reducing carbon emissions by 894 tonnes by saving food intended for landfill.

We are now serving an average of 100 shoppers per session, 3 times a week across our two sites in Northwich and Winsford. Our shoppers pay a donation of £6 to receive goods worth considerably more, thus helping them stretch their budgets whilst reducing food waste. With the cost-of-living crisis this service has seen a huge increase in demand, and we are working hard with our partners to secure food for the whole community.

The other part of the work at the groceries is the bringing together of volunteering opportunities. From warehousing, distribution, box projects, shop support, café service, gardening projects and building maintenance there is something for everyone. We have seen over 300 hundred volunteers who support the two groceries. Each one of our volunteers has been passionate about supporting their community and without their help and assistance these outcomes would be impossible.

Our Community Cafés offer low-cost hot and cold food, the sites now function fully as a community centre open for use by partners and community groups.

Northwich has seen a 100% increase, and Winsford has seen a 50% footfall increase in residents using the service and the community centre is being used by other community projects including a Baby Bank.

Community transport

We operate our community transport minibus services (Yourbus), which are contracted by Cheshire West and Chester Council (CWaC). The services we provide are Home to School, Adult Social Care, Dial A Ride and other contracts as required. These services provide, either free or subsidised access to schools, care centres, the high street, leisure and other services for members of the community who might otherwise miss out.

With over 19,000 trips, the team transported over 10,000 passengers in 2024.

We are currently working closely with CWaC to understand how we can further improve this service for local residents and the wider community pending a tender in 2026.We have invested considerable time in grant applications for vehicles to further grow this service particularly around the need for more Dial a Ride services.

Reuse Warehouse

We have continued to invest in our main retail site to ensure the customer experience is like that of any other quality pre-used homewares retailer, thereby protecting dignity of shoppers. Our brands including "Off to a Good Home", "Planet Paint", "Recycles" give us the chance to move these offerings into smaller retail premises with a sub brand going forward.

We also sourced grant support to invest in a new wood burner on site, turning waste into heat and installed new speed doors to prevent heat loss at our site.

Systems

In 2024 we invested in new IT hardware and continued developing systems, to achieve Cyber Essentials accreditation. We continue working with health and safety consultants to ensure our internal processes are efficient and meet our obligations to provide a safe environment for visitors, customers, volunteers and staff.

We continue to evolve and measure Social Impact through our bespoke online dashboard, allowing us to measure over 80 key performance metrics, this allows us to demonstrate and improve our impact to the Cheshire community.

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

People

Without our dedicated volunteers and staff, our mission would be impossible to achieve. In 2024 the board supported the implementation of the Real Living Wage again. This has allowed us to recognise the dedication and effort given by those working within the organisation and themselves feeling the impact of the cost-of-living crisis.

Furthermore, we are focussed on building an open and engaging culture, every other month our CEO holds a Grass Roots meeting with representatives from each area of the charity so everyone can feedback any issues or concerns which may be preventing them from delivering great results. We solve these operational problems quickly based on feedback.

Our current objective is to try and remain a Real Living Wage Employer however due to proposed National Insurance contributions by us this may be a challenge in 2025. All employees above this level are reviewed by the Board of Trustees, including management, and an appropriate figure based on economic circumstances and affordability is agreed, based on bench marketing, qualifications and contribution.

Costs

We have worked hard to renegotiate supplier contracts and eliminate spend wherever possible, consolidating our operation, removing and reducing spend. During a period of high inflation our total outgoings did not increase in the year due to this cost cutting. We remain focussed on watching all spend to ensure monies are directed at helping the community.

Management Structure

The organisation is operationally led by a CEO reporting into the Board of Trustees. The CEO leads an experienced Head of Department flat hierarchy team listed below.

Operational ongoing management is the remit of the leadership team with the CEO presenting progress updates on a weekly basis as well as at our bi-monthly board meetings. Significant strategic decisions are made at the board meetings with the leadership operating to a matrix of authority. Ad hoc exceptional issues will be raised between the CEO and Chair of Trustees as and when required.

What was our impact in 2024?

Future planning

The Board of Trustees hold regular meetings with the CEO to discuss strategy and future planning of Changing Lives Together, to collaborate with stakeholders and ask to become involved in a diverse range of issues affecting the community. All new opportunities would go through a detailed planning process to ensure as a minimum;

  1. Does this comply with our organisation’s articles?

  2. Does this integrate and enhance our social impact?

  3. Can this be financially substantiable?

  4. Is this achievable?

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Any future change is then put into our growth and change strategy document which is discussed at each Strategy Meeting with the Board and Leadership Team.

Our key Headline Objectives

  1. Growth which is sustainable

  2. Health and safety and risk management

  3. Cost reduction as appropriate

  4. Internal and external communications

  5. Environmental and social governance

  6. Continuous improvement

FINANCIAL REVIEW

Financial position

Our long-term policy has been to stand on our own feet with sustainable results and without excessive dependence on grant income. We reinvest when we can in our people and we are slowly building our reserves to a normal level for a charity of our size and complexity.

Total income in 2024 was £2,444,931 (2023 £2,623,852) and the excess expenditure over income resulted in a deficit of £83,611 (2023 a surplus of £19,563).

Investment policy

Available funds are transfered to interest bearing bank or building society accounts to maximise returns.

Reserves policy

The Trustees have agreed that the appropriate level of unrestricted liquid reserves should be sufficient to cover 3 months of routine expenditure i.e. to provide working capital to cover delays in the receipt of payments and grants and to provide a cushion for unexpected emergencies.

We have achieved this, our reserves at 31 December 2024 were £421,615.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Changing Lives Together (charity 1139983 and company 07400060) was incorporated on 7 October 2010 and commenced trading on the same date. The principal governing document is the Articles of Association adopted on 21 March 2019.

The objects of the charity are:

Recruitment and appointment of new trustees

We have a written policy for the recruitment and induction of new trustees that gives all candidates a fair chance to see us in action and to deliver efficient support on appointment.

Management and governance

We continue to develop our Management and Governance structures.

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees have regard to the Charities Commission guidance on Public Benefit and a robust approach to Risk Management. The trustees monitor risk by ensuring that the identification, assessment and mitigation of risk is linked to the achievement of the charity's operational objectives.

The trustee board at each meeting reviews Health and Safety performance, Safeguarding and Management Information (financial and operational) with a review of current and future obligations. The trustee board also reviews the financial impact of risk as part of operational budget planning and monitoring. Full consideration is given to the risks attached to significant new activities or opportunities, as is risk associated with external factors such as new legislation or new requirements from funders.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07400060 (England and Wales)

Registered Charity number

1139983

Registered office

Unit 12 Road Two Winsford Industrial Estate Winsford Cheshire CW7 3QL

Trustees

B M Clarke H E L Dilliway-Nickson B G Dunn H C Kinsey P Price S T Taylor (resigned 19.1.24) S M Tilling (resigned 15.5.24) C F Lees-Jones M McBride (appointed 15.5.24) N Dake (appointed 15.5.24) (resigned 15.11.24) R Blackhurst (appointed 28.3.25) G Edwards (appointed 21.1.25)

Auditors

Murray Smith LLP Chartered Accountants Statutory Auditors Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Solicitors

Browne Jacobson LLP Mowbray House Castle Meadow Road Nottingham NG2 1BJ

Bankers

Santander UK plc Bridle Road Merseyside L30 4GB

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Changing Lives Together for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Murray Smith LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 4 June 2025 and signed on its behalf by:

H E L Dilliway-Nickson - Trustee

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060)

Opinion

We have audited the financial statements of Changing Lives Together (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060)

Matters on which we are required to report by exception

In the light of the 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 Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit procedures designed to identify irregularities included:

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, intentional misrepresentations or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHANGING LIVES TOGETHER (REGISTERED NUMBER: 07400060)

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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicola Tucker (Senior Statutory Auditor) for and on behalf of Murray Smith LLP Chartered Accountants Statutory Auditors Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU 09-06-2025 Date: .............................................

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
6
Charitable activities
Other trading activities
4
Investment income
5
Other income
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Charitable activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
18,741
527,346
1,570,339
24,541
3,307
2,144,274
1,141,916
1,087,601
2,229,517
(85,243)
500,226
414,983		 Restricted
funds
£
-
300,657
-
-
-
300,657
141,699
157,326
299,025
1,632
5,000
6,632		 2024
Total
funds
£
18,741
828,003
1,570,339
24,541
3,307
2,444,931
1,283,615
1,244,927
2,528,542
(83,611)
505,226
421,615		 2023
Total
funds
£
17,927
740,532
1,845,735
19,658
-
2,623,852
1,422,460
1,181,829
2,604,289
19,563
485,663
505,226

The notes form part of these financial statements

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

BALANCE SHEET 31 DECEMBER 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 14 113,547 3,750 117,297 112,859
CURRENT ASSETS
Stocks 15 81,227 - 81,227 90,576
Debtors 16 275,532 - 275,532 156,665
Cash at bank 153,110 115,786 268,896 418,126
509,869 115,786 625,655 665,367
CREDITORS
Amounts falling due within one year 17 (193,520) (112,904) (306,424) (219,926)
NET CURRENT ASSETS 316,349 2,882 319,231 445,441
TOTAL ASSETS LESS CURRENT
LIABILITIES 429,896 6,632 436,528 558,300
CREDITORS
Amounts falling due after more than one year 18 (14,913) - (14,913) (53,074)
NET ASSETS 414,983 6,632 421,615 505,226
FUNDS 21
Unrestricted funds 414,983 500,226
Restricted funds 6,632 5,000
TOTAL FUNDS 421,615 505,226

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 4 June 2025 and were signed on its behalf by:

H E L Dilliway-Nickson - Trustee

The notes form part of these financial statements

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
(95,839)
(4,695)
(100,534)
(23,867)
11,291
(12,576)
(36,120)
(36,120)
(149,230)
418,126
268,896		 2023
£
(21,854)
(6,564)
(28,418)
(104,430)
11,040
(93,390)
(34,251)
(34,251)
(156,059)
574,185
418,126

The notes form part of these financial statements

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Interest paid
Decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash used in operations		 2024
£
(83,611)
18,839
590
(11,291)
4,695
9,349
(118,867)
84,457
(95,839)		 2023
£
19,563
6,134
-
(11,040)
6,564
2,175
69,198
(114,448)
(21,854)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£ £ £
Net cash
Cash at bank 418,126 (149,230) 268,896
418,126 (149,230) 268,896
Debt
Debts falling due within 1 year (36,120) (2,041) (38,161)
Debts falling due after 1 year (53,074) 38,161 (14,913)
(89,194) 36,120 (53,074)
Total 328,932 (113,110) 215,822

The notes form part of these financial statements

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Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Changing Lives Together is a private company, limited by guarantee, registered in England and Wales. The company's registered number, registered charity number and registered office can be found in the Reference and Administrative Details section of the Trustees' Report.

The presentation currency of the financial statements is in Pounds Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ( (effective 1 January 2019) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changing Lives Together meets the definition of a public benefit entity under FRS 102.

Going concern

The charitable company meets its day to day working capital requirements through its cash resources and available loan facilities. The trustees have reviewed current and forecast activity and cash requirements for a period of at least 12 months from the date of the signing of the financial statements which show, taking into account reasonably possible changes in performance, that the charitable company should be able to operate within its available cash resources. After making enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The charitable company therefore continues to adopt the going concern basis in preparing its financial statements.

Income

The policies adopted for the recognition of income are as follows:

Sale of goods

Income from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of income can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, income is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.

Where the outcome cannot be measured reliably, income is recognised only to the extent of the expenses recognised that are recoverable.

Grants

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, and performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Goodwill

Goodwill relates to the amount paid in connection with the acquisitions of a business, and is now fully amortised.

continued...

Page 14

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Short leasehold - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. Stocks of unsold donated goods are valued only at the cost of bringing the items to their present location as it is not considered practical to estimate the fair value due to their cost being nil and their value is uncertain until sold.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Pension costs and other post-retirement benefits

The charitable company makes contribution to employees' pension schemes. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate.

Page 15

continued...

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. DONATIONS AND LEGACIES

Donations
4.
OTHER TRADING ACTIVITIES
Shop income
Waste credits, recycling, scrap and waste collection
5.
INVESTMENT INCOME
Rents received
Interest receivable
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Transport
Charitable activities
Grants
Charitable activities
Grants received, included in the above, are as follows:
General fund
Buddying & befriending
Family support
Kitchen grant
Love Lostock Cheshire Food hub
National lottery community fund
Wellbeing
Winter Box Project
VGG Container Rental
Dust Extraction Unit
VGG Food and Collection
Period Poverty Fund
Mental Health Grant
Carried forward		 2024
£
18,741
2024
£
1,197,499
372,840
1,570,339
2024
£
13,250
11,291
24,541
2024
£
482,251
345,752
828,003
2024
£
-
45,603
46,525
-
-
18,572
-
160,772
2,559
-
5,613
-
3,000
282,644		 2023
£
17,927
2023
£
1,489,918
355,817		 2023
£
17,927
2023
£
1,489,918
355,817		 2023
£
17,927
1,845,735
2023
£
8,618
11,040
19,658
2023
£
449,547
290,985		 2023
£
8,618
11,040
19,658
740,532
2023
£
10,254
4,480
40,149
5,000
555
75,996
37,487
84,248
2,746
938
10,000
250
18,882
290,985

Page 16

continued...

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

6. INCOME FROM CHARITABLE ACTIVITIES - continued

Brought forward
Flourish fund
Moulding foundation
Wood Burner
Re-Cycle Project
General restricted fund
RAISING FUNDS
Other trading activities
Opening stock
Purchases
Closing stock
Staff costs
Hire of plant and machinery
Licensing
Vehicle hire
Motor expenses
Other direct costs

7. RAISING FUNDS Other trading activities

8. CHARITABLE ACTIVITIES COSTS

Charitable activities
9.
SUPPORT COSTS
Charitable activities		 Direct
Costs
£
1,183,564
Finance
£
4,942		 Support
costs (see
note 9)
£
61,363
Governance
costs
£
56,421		 Totals
£
1,244,927
Totals
£
61,363

continued...

Page 17

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Auditors' remuneration - current year 8,916 8,670
Auditors' remuneration - assurance services 999 972
Depreciation - owned assets 18,839 6,134
Hire of plant and machinery 30,037 23,983
Other operating leases 48,964 62,044
Deficit on disposal of fixed assets 590 -

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
1,251,589
90,878
19,878
1,362,345		 2023
£
1,219,015
83,655
18,544
1,321,214

The average monthly number of employees during the year was as follows:

Management team
Warehouse/reuse
Administrative
Retail
Community hubs
Community engagement
Community transport		 2024
7
25
6
4
6
6
22
76		 2023
5
28
6
4
6
9
18
76

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£70,001 - £80,000
£80,001 - £90,000		 2024
-
1
1		 2023
1
-
1

Total emoluments for key management personnel totalled £258,387 (2023: £264,755).

continued...

Page 18

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
14.
TANGIBLE FIXED ASSETS
Short
Plant and
leasehold
machinery
£
£
COST
At 1 January 2024
95,031
61,606
Additions
3,675
7,917
Disposals
-
-
At 31 December 2024
98,706
69,523
DEPRECIATION
At 1 January 2024
-
51,730
Charge for year
11,607
771
Eliminated on disposal
-
-
At 31 December 2024
11,607
52,501
NET BOOK VALUE
At 31 December 2024
87,099
17,022
At 31 December 2023
95,031
9,876		 ACTIVITIES
Unrestricted
fund
£
17,927
459,801
1,845,735
19,658
2,343,121
1,408,909
904,789
2,313,698
29,423
470,803
500,226
Fixtures
and
fittings
£
7,507
3,798
-
11,305
7,077
1,713
-
8,790
2,515
430		 Restricted
funds
£
-
280,731
-
-
280,731
13,551
277,040
290,591
(9,860)
14,860
5,000
Computer
equipment
£
43,628
8,477
(1,345)
50,760
36,106
4,748
(755)
40,099
10,661
7,522		 Total
funds
£
17,927
740,532
1,845,735
19,658
2,623,852
1,422,460
1,181,829
2,604,289
19,563
485,663
505,226
Totals
£
207,772
23,867
(1,345)
230,294
94,913
18,839
(755)
112,997
117,297
112,859

continued...

Page 19

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. STOCKS

15.
STOCKS
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 19)
Trade creditors
Social security and other taxes
VAT
Other creditors
Deposits held on account
Accruals and deferred income
Deferred income at 31 December 2023
Released from previous years
Income deferred in the year
Deferred income at 31 December 2024		 2024
£
81,227
2024
£
239,446
13,921
22,165
275,532
2024
£
38,161
80,616
23,185
9,554
4,586
18,465
131,857
306,424		 2023
£
90,576
2023
£
125,271
8,695
22,699
156,665
2023
£
36,120
69,450
21,812
21,178
4,114
17,850
49,402
219,926
2024 2023
£ £
49,978 82,266
(47,471) (82,266)
113,877 49,978
116,384 49,978
At the balance sheet date the Charity was holding the following income received in advance: At the balance sheet date the Charity was holding the following income received in advance:

2024		 2023
£ £
CWaC Furniture Scheme 18,465 17,850
RWT Main Grant - 8,499
CCG Mental Health B&B - 2,503
B&B Main Grant Lottery - 18,571
Earl of Chester funding 4,500 -
Cheshire East - The Flourish Fund BB 9,000 -
Moulding Foundation 38,900 -
Morrisons Foundation 8,046 -
Family Support Invoicing 13,379 -
Tarporley War Memorial Hospital Dementia Support 8,663 -
Cheshire East Cost of Living - VGG Crewe 10,000 -
John Lewis Partnership 1,650 -
All other small grants 3,781 2,555
116,384 49,978

continued...

Page 20

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Other loans (see note 19)
14,913
19.
LOANS
An analysis of the maturity of loans is given below:
2024
£
Amounts falling due within one year on demand:
Other loans
38,161
Amounts falling between one and two years:
Other loans - 1-2 years
14,913
Amounts falling due between two and five years:
Other loans - 2-5 years
-
20.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024
£
Within one year
131,830
Between one and five years
179,229
311,059
21.
MOVEMENT IN FUNDS
Net
movement
At 1.1.24
in funds
£
£
Unrestricted funds
General fund
500,226
(85,243)
Restricted funds
Family Support
-
1,769
Buddying & Befriending
-
1,113
Kitchen Grant
5,000
(1,250)
5,000
1,632
TOTAL FUNDS
505,226
(83,611)		 2023
£
53,074
2023
£
36,120
38,161
14,913
2023
£
128,433
269,961		 2023
£
53,074
2023
£
36,120
38,161
14,913
398,394
At
31.12.24
£
414,983
1,769
1,113
3,750
6,632
421,615

continued...

Page 21

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Re-Cycle Project
Family Support
National Lottery Community Fund
Buddying & Befriending
Kitchen Grant
Mental Health
Winter Box Project
VGG Container Rental
VGG Food and Collection
Small restricted fund
Flourish fund
Moulding foundation
Wood Burner
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Food Hub Grant
Kitchen Grant
TOTAL FUNDS		 Incoming
resources
£
2,144,274
4,000
46,525
18,572
45,603
-
3,000
160,772
2,559
5,613
6,453
1,000
1,100
5,460
300,657
2,444,931
At 1.1.23
£
470,803
14,860
-
14,860
485,663		 Resources
expended
£
(2,229,517 )
(4,000)
(44,756)
(18,572)
(44,490)
(1,250)
(3,000)
(160,772)
(2,559)
(5,613)
(6,453)
(1,000)
(1,100)
(5,460)
(299,025)
(2,528,542 )
Net
movement
in funds
£
29,423
(14,860)
5,000
(9,860)
19,563		 Movement
in funds
£
(85,243)
-
1,769
-
1,113
(1,250)
-
-
-
-
-
-
-
-
1,632
(83,611)
At
31.12.23
£
500,226
-
5,000
5,000
505,226

continued...

Page 22

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Family Support
National Lottery Community Fund
Wellbeing
Food Hub Grant
Buddying & Befriending
Love Lostock Cheshire Food Hub
Kitchen Grant
Mental Health
Winter Box Project
VGG Container Rental
Dust Extraction Unit
VGG Food and Collection
Period Poverty Fund
TOTAL FUNDS		 Incoming
resources
£
2,343,121
40,149
75,996
37,487
-
4,480
555
5,000
18,882
84,248
2,746
938
10,000
250
280,731
2,623,852		 Resources
expended
£
(2,313,698 )
(40,149)
(75,996)
(37,487)
(14,860)
(4,480)
(555)
-
(18,882)
(84,248)
(2,746)
(938)
(10,000)
(250)
(290,591)
(2,604,289 )		 Movement
in funds
£
29,423
-
-
-
(14,860)
-
-
5,000
-
-
-
-
-
-
(9,860)
19,563

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Family Support
Food Hub Grant
Buddying & Befriending
Kitchen Grant
TOTAL FUNDS		 At 1.1.23
£
470,803
-
14,860
-
-
14,860
485,663		 Net
movement
in funds
£
(55,820)
1,769
(14,860)
1,113
3,750
(8,228)
(64,048)		 At
31.12.24
£
414,983
1,769
-
1,113
3,750
6,632
421,615

continued...

Page 23

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

21. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Re-Cycle Project
Family Support
National Lottery Community Fund
Wellbeing
Food Hub Grant
Buddying & Befriending
Love Lostock Cheshire Food Hub
Kitchen Grant
Mental Health
Winter Box Project
VGG Container Rental
Dust Extraction Unit
VGG Food and Collection
Period Poverty Fund
Small restricted fund
Flourish fund
Moulding foundation
Wood Burner
TOTAL FUNDS		 Incoming
resources
£
4,487,395
4,000
86,674
94,568
37,487
-
50,083
555
5,000
21,882
245,020
5,305
938
15,613
250
6,453
1,000
1,100
5,460
581,388
5,068,783		 Resources
expended
£
(4,543,215 )
(4,000)
(84,905)
(94,568)
(37,487)
(14,860)
(48,970)
(555)
(1,250)
(21,882)
(245,020)
(5,305)
(938)
(15,613)
(250)
(6,453)
(1,000)
(1,100)
(5,460)
(589,616)
(5,132,831 )		 Movement
in funds
£
(55,820)
-
1,769
-
-
(14,860)
1,113
-
3,750
-
-
-
-
-
-
-
-
-
-
(8,228)
(64,048)

continued...

Page 24

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

21. MOVEMENT IN FUNDS - continued

Family Support - Schools invoiced by Terms for Support provided to primary schools by CLT - Funds cover wages of Support staff, management costs and admin fees.

National Lottery Community Fund - Funds received from the National Lottery Community fund - covers Buddy & Befriending wages, mana gement costs and admin fees.

Wellbeing - Funds to assist with the costs of activities across Community support teams - Funds from Grants released to income for Community Support departments and Business development.

Food Hub Grant - Support towards running costs of the Northwich Community Hub.

Buddying & Befriending - Support towards activities for the Buddy & Befriending team, admin and management costs.

Love Lostock Cheshire Food Hub - Support towards running costs of the Northwich Community Hub.

Kitchen Grant - Funds for the New Kitchen at Winsford Community Hub.

Mental Health - Funds cover wages of Support staff, management costs and admin fees for the Mental Health section of Buddy & Befriending.

Winter Box Project - Funds to cover the costs of Christmas Food Boxes supplied by CLT, includes management and admin costs.

VGG Container Rental - Funds to help towards the cost of Refridgerated container hire sited at Northwich Community Hub.

Dust Extraction Unit - Funds towards cost and maintenance of the unit at Winsford Hub Road Two.

VGG Food and Collection - Funds towards staple food provided for the Very Green Groceries and collections.

Period Poverty Fund - Funds towards sanitary products provided at the Northwich Community Hub.

Re-cycle project - Funds to set up the Re-cycle project and train cycle technicians.

Flourish fund - Funds to establish and maintain the existing befriending service.

Moulding foundation - Up-front lump sum contribution for the fit out costs of the new Crewe retail store.

Wood burner - Funds for the purchase of a new heating applicance at the Winsford warehouse.

Small restricted fund - All other restricted small grants and donations.

Page 25

continued...

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

22. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 26

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Shop income
Waste credits, recycling, scrap and waste
collection
Investment income
Rents received
Interest receivable
Charitable activities
Transport
Grants
Other income
Other income
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Purchases
Wages
Hire of plant and machinery
Licensing
Vehicle hire
Motor expenses
Other direct costs
Closing stock
Charitable activities
Wages
Social security
Pensions
Other operating leases
Carried forward		 2024
£
18,741
1,197,499
372,840
1,570,339
13,250
11,291
24,541
482,251
345,752
828,003
3,307
2,444,931
90,576
436,913
531,644
30,037
7,268
83,313
36,518
148,573
(81,227)
1,283,615
719,945
90,878
19,878
48,964
879,665		 2023
£
17,927
1,489,918
355,817
1,845,735
8,618
11,040
19,658
449,547
290,985
740,532
-
2,623,852
92,751
660,256
503,262
23,983
5,076
84,788
52,682
90,238
(90,576)
1,422,460
715,753
83,655
18,544
62,044
879,996

This page does not form part of the statutory financial statements

Page 27

Docusign Envelope ID: 12D9C2E7-E1B5-4376-847B-CC5D68DBF687

CHANGING LIVES TOGETHER

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Charitable activities
Brought forward
Direct costs
Short leasehold
Plant and machinery
Fixtures and fittings
Computer equipment
Loss on sale of tangible fixed assets
Support costs
Finance
Bank charges
Late payment fees
Bank loan interest
Governance costs
Auditors' remuneration - current year
Other governance costs
Total resources expended
Net (expenditure)/income		 2024
£
879,665
284,470
11,607
771
1,572
4,889
590
1,183,564
247
-
4,695
4,942
9,915
46,506
56,421
2,528,542
(83,611)		 2023
£
879,996
278,802
-
3,395
327
2,412
-
1,164,932
629
49
6,564
7,242
9,642
13
9,655
2,604,289
19,563

This page does not form part of the statutory financial statements

Page 28