Trustees’ Annual Report for the period
From 13/10/2023 Period start date To 12/10/2024 Period end date
Charity name: Learn For Life
Charity registration number: 1140052
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | • To raise money to be used for the purpose of the alleviation of poverty, improvement of education and improvement of health • To organize such fundraising events as will generate funds towards the above object • To work closely with other charities with similar objects to achieve these goals |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
This year the charity has invested its income in a variety of projects towards its aim as set out in its Registration Deed. These include: Scholarships in Nepal Support for a deaf school in Pakistan Support of fundraising activity for our partners via a consultant in the UK |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have respected and followed the guidance of the Charity Commission in using the funds of the charity to public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP | |
|---|---|
| reference | |
| Policy on grant making | Para 1.38 |
| Policy on social investment | Para 1.38 |
| including program related | |
| investment |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity has supported the projects above in a variety of ways to towards the aims within the Trust Deed. These include: Improving the physical structure of the school in Pakistan and paying for teachers’ salaries Supporting the ongoing training of a doctors working in rural areas in Nepal We also supported (via a UK consultant) the fundraising abilities of some of our partners. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 |
Other
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity has sufficient funds to invest in the projects which has decided to support in the charity board meetings. This is evidenced in the charity accounts. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity’s aim is to hold enough to meet the next payment to the agreed projects. |
| Amount of reserves held | Para 1.22 | £74,293 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The charity receives donations from one principal donor and a small amount of other donations from individuals. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | It is constituted as a charity. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are selected by interview by existing trustees. References from two un- related references are sought before the Trustee is invited to join the Board. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Learn For Life |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1140052 |
| Charity’s principal address | Ivy Cottage, Sandford, Devon EX17 4EL |
Names of the charity trustees who manage the charity
| 1 2 3 4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Catherine Anne Lock |
Chair | |||
| Karen Newbigging | 10/1/24 | Trust Board | ||
| Juliet Anne Kilty | Treasurer | 21/7/24 | Trust Board | |
| Anne Benson | 10/1/24 | Trust Board | ||
| Muhammed Mamun Hossen Chowdhury |
||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year |
|
|---|---|---|
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Name of chief executive or names of senior staff members (Optional information) |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
Catherine Anne Lock | |
|---|---|---|
Chair |
||
| 10/1/24 | ||
| 10/1/24 |
Registered Charity No. 1140052
Learn for Life
Financial Statements
for the year ended 13 October 2024
Learn for Life
Financial Statements
for the year ended 13 October 2024
Contents
| Page | |
|---|---|
| Charity Information | 2 |
| Independent Examiner's Report | 3 |
| Receipts and Payments Account | 4 |
| Notes (forming part of the financial statements) | 5 |
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Learn for Life
Financial Statements for the year ended 13 October 2024
Charity Information
Trustees
Catherine Lock Mohommad Chowdhury Anne Benson (appointed 10 January 2024) Karen Newbigging (appointed 10 January 2024 Juliet Kilty (appointed 21 July 2024) Nnedinma Umeokafor (appointed 10 November 2024)
Registered Charity No. 1140052 Contact Address Ivy Cottage Sandford Crediton Devon EX17 4EL Accountant Terry Bridle FMAAT 123 Greystone Walk Cullompton Devon EX15 1GZ
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Learn for Life
Financial Statements
for the year ended 13 October 2024
Independent Examiner's Report on the Financial Statements of Learn for Life
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 13 October 2024.
Respective responsibilities of trustees and examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
he accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
……………………………………………….
Terry Bridle FMAAT
123 Greystone Walk Cullompton Devon EX15 1GZ
Dated: 12th January 2025
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Learn for Life
Financial Statements
for the year ended 13 October 2024
Receipts and Payments Account
| Notes Incoming resources Grants and donations 1 Other income 1 Total incoming resources Less: Cost of generating funds Fundraising expenses Net incoming resources available Expenditure Direct expenditure 2 Administration expenses 2 Total charitable expenditure Total resources expended Net income / (loss) for the period Inter-fund transfers Total funds at 14 October 2023 Total funds at 13 October 2024 3 |
2024 2024 General Designated fund funds £ £ 83,232 - - - 83,232 - - - 83,232 - 6,909 - 2,030 - 8,939 - 8,939 - 74,293 - - - - - 74,293 - Unrestricted funds |
2024 Total funds £ 83,232 - 83,232 - 83,232 6,909 2,030 8,939 8,939 74,293 - - 74,293 |
|---|---|---|
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Learn for Life
Financial Statements
for the year ended 13 October 2024
Notes to the Financial Statements
1 Incoming resources
| Income from grants and donations General donations Donation from Colin MacFarlane Other income Bank interest received Total incoming resources Total resources expended Direct expenditure Scholarships Support of schools Administrative expenditure Consultancy fees Total resources expended Statement of movements on funds Designated funds Learn for Life General / Administrative fund Total Funds |
As at 14.10.2023 £ - - - - |
Direct activities £ 2,071 4,838 6,909 2,030 2,030 8,939 Income £ 83,232 83,232 - 83,232 |
General fund £ 189 83,043 83,232 - - 83,232 Fund raising £ - - - - - - Expenses £ (8,939) (8,939) - (8,939) |
Designated funds £ - - - - - - Governance £ - - - - - - Inter-fund transfers £ - - - - |
2024 £ 189 83,043 83,232 - - 83,232 2024 £ 2,071 4,838 6,909 2,030 2,030 8,939 As at 13.10.2024 £ 74,293 74,293 - 74,293 |
|---|---|---|---|---|---|
2 Total resources expended
3 Statement of movements on funds
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