OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Registered�Charity�No.�1140638� Company�No.�07471547

GIFT�OF�LIFE

ANNUAL�REPORT�OF�THE�TRUSTEES�AND�FINANCIAL�STATEMENTS�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

GIFT�OF�LIFE�

CONTENTS��

Page
AnnualReportoftheTrustees 1-7
IndependentExaminers’Report 8
StatementofFinancialActivities 9
StatementofFinancialPosition 10
StatementofCashFlows 11
NotestotheFinancialStatements 12-18

Page�1�

GIFT�OF�LIFE�

ANNUAL�REPORT�OF�THE�TRUSTEES�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

The�Trustees�of�Gift�of�Life�(“the�Charity”)�present�their�report�and�the�financial�statements�for�the�year�ended�31� March�2025.��

The�financial�statements�comply�with�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�2015).��

1. REFERENCE�AND�ADMINISTRATIVE�DETAILS�

Gift�of�Life,�registered�charity�number�1140638�and�company�number�07471547,�is�based�and�administrated�in�the� United�Kingdom.�The�registered�office�is�C/O�Russell-Cooke�LLP,�2�Putney�Hill,�London,�SW15�6AB.�

Website�– www.giftoflife.eu

Trustees�and�Directors�

The�names�of�the�Trustees,�who�are�also�the�directors�for�the�purposes�of�company�law,�who�served�during�the� period�and�subsequently�are:�

Trustees�and�Directors�

Bankers:��

Emerald�Financial�Group�(UK)�Ltd,�1�King�Street,�London,�EC2V�8AU�

Independent�Examiners:�

Hawsons�Chartered�Accountants�-�Jubilee�House,�32�Duncan�Close,�Moulton�Park,�Northampton,�NN3�6WL�

Solicitors:�

Russell-Cooke�Solicitors�LLP�–�2�Putney�Hill,�London,�SW15�6AB�

2. STRUCTURE,�GOVERNANCE�AND�MANAGEMENT�

Gift�of�Life�is�a�company�limited�by�guarantee�governed�by�its�Memorandum�and�Articles�of�Association�dated�16� December�2010�(updated�in�May�2024)�and�is�registered�as�a�charity�with�the�Charity�Commission.�

The�Trustees�aim�to�meet�at�least�three�times�a�year�in�person�or�by�way�of�a�virtual�meeting�to�discuss� appointments,�resignations,�strategic�goals�and�proposals.�All�grants�are�approved�by�circular�resolution.��

The�number�of�trustees�shall�be�a�minimum�of�three�at�any�one�time�and�new�trustees�shall�be�appointed�by�way�of� a�resolution�approved�by�existing�trustees.�

Page�2�

GIFT�OF�LIFE�

ANNUAL�REPORT�OF�THE�TRUSTEES�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

Induction�and�Training�

Should�new�trustees�be�appointed,�a�formal�induction�process�will�be�conducted�by�the�Trustees.�Other�trustee� training�is�undertaken�as�and�when�appropriate.�All�trustees�are�kept�informed�of�their�duties�and�responsibilities� under�the�law�and�are�aware�of�their�obligations�with�regard�to�reporting�and�proper�conduct.

Related�Parties��

No�trustees�have�been�paid�remuneration�or�have�received�other�benefits�from�an�employment�with�the�charity.� Any�transaction�between�the�Charity�and�related�parties�must�be�approved�by�the�Trustees.��

Pay�policy�for�staff��

The�Trustees�comprise�the�key�management�personnel�of�the�charity�in�charge�of�directing�and�controlling�the� charity.�The�day�to�day�running�and�operations�of�the�Charity�are�delegated�to�the�administrative�staff�who�work�in� collaboration�with�the�Chairman.��

The�pay�of�the�staff�reflects�the�level�of�responsibilities�and�skill�set�required.�The�pay�is�reviewed�annually.��

Trustees’�Responsibilities�Statement��

The�Trustees�(who�are�also�directors�of�Gift�of�Life�for�the�purposes�of�company�law)�are�responsible�for�preparing� the�Trustees’�Annual�Report�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�these� financial�statements,�the�Trustees�are�required�to:�

The�Trustees�are�responsible�for�keeping�adequate�accounting�records�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�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:�

Page�3�

GIFT�OF�LIFE�

ANNUAL�REPORT�OF�THE�TRUSTEES� FOR�THE�YEAR�ENDED�31�MARCH�2025�

Internal�Controls��

The�Trustees�are�ultimately�responsible�for�ensuring�the�Charity�has�robust�internal�control�systems.�They�are�also� obligated�to�maintain�accurate�accounting�records�that�reflect�the�Charity's�financial�position�and�enable�the� preparation�of�financial�statements�compliant�with�the�current�regulations�such�as�the�Companies�Act�2006.�

To�safeguard�the�Charity's�assets,�the�Trustees�take�reasonable�steps�to�detect�and�prevent�possible�fraud�or�other� irregularities.�They�are�also�responsible�for�establishing�and�implementing�a�due�diligence�policy�for�significant� donors�and�contributors.�

The�internal�control�systems�are�designed�to�provide�reasonable�assurance�against�material�misstatement,�loss,�or� damage�to�the�Charity's�reputation.�

Use�of�external�services�

The�Charity�outsources�its�bookkeeping�services�to�a�freelance�bookkeeper�who�works�closely�with�the�Chairman� and�the�administrative�team.�

Risk�Management�

The�Trustees�are�responsible�for�implementing�a�robust�risk�assessment�and�control�framework.�This�includes� identifying�and�preventing�financial�irregularities�by:�

The�execution�of�the�Charity's�vital�programme�work,�which�benefits�young�cancer�patients�from�the�CIS�region,� continues�to�be�significantly�constrained�by�global�financial�instability�and�ongoing�geopolitical�tensions.�This� challenging�operating�environment,�marked�by�unstable�currency�exchange�rates�and�the�far-reaching�effects�of� sanctions�restrictions�on�logistics,�profoundly�affects�procurement.�Specifically,�the�resulting�inability�of�local� paediatric�clinics�to�directly�purchase�certain�cancer�medications�from�EU�suppliers�remains�a�serious�operational� challenge.�As�a�trusted�and�indispensable�partner,�the�Charity�has�maintained�its�role�as�a�critical�supporter,� ensuring�the�procurement�and�delivery�of�these�essential,�life-saving�medicines�and�treatments.�

To�comply�with�sanctions�regulations�and�mitigate�reputational�risks,�the�Charity�seeks�legal�advice�in�uncertain� situations.�The�Charity�also�conducts�due�diligence�checks�on�significant�donations�to�ensure�compliance�with� medical�purposes�and�eligibility�criteria.�

To�mitigate�various�risks,�the�Charity�maintains�annual�insurance�coverage�for�Trustee�indemnity,�public�liability,� product�liability,�and�employer's�liability.�

3. OBJECTIVES�AND�ACTIVITIES�FOR�THE�PUBLIC�BENEFIT��

The�Trustees�are�aware�of�the�Charity�Commission�guidance�on�Public�Benefit�and�confirm�that�they�have�complied� with�the�duty�in�Section�4�of�the�Charities�Act�2011�to�have�due�regard�to�it.�They�consider�the�information�which� follows�in�this�annual�report,�about�the�Charity’s�aims,�activities�and�achievements�in�the�areas�of�interest�that�the� charitable�company�supports�demonstrates�the�benefit�to�its�beneficiaries�and�through�them�to�the�Public�that� arise�from�those�activities.�

Page�4�

GIFT�OF�LIFE�

ANNUAL�REPORT�OF�THE�TRUSTEES�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

The�Trustees�may�use�the�income�and�the�capital�of�the�charity�in�promoting�the�objectives.���

��Objectives�

The�objectives�of�the�charitable�company�are�as�follows:�

Financial�institutions�

Since�March�2023,�Emerald�Financial�Group�(UK)�Ltd,�an�FCA-regulated�digital�payment�company,�has�been�the� Charity’s�primary�banking�and�financial�service�provider.�Emerald�Financial�Group�facilitates�the�Charity’s�daily� banking�needs,�enabling�both�domestic�and�international�payments�in�multiple�currencies.�The�Charity�remains� open�to�exploring�partnerships�with�other�reputable�UK�financial�institutions�as�needed.�

Grant�making�policies�

The�Trustees’�grant�making�policy�during�the�year�has�been�to�generally�make�donations�on�behalf�of�individuals� requiring�medical�treatment.�The�individual�beneficiaries�in�the�year�have�been�children�and�young�people�from�the� CIS�countries.�It�is�expected�that�this�focus�will�continue.�

The�grants�are�used�for�purchase�of�medicines�unavailable�in�the�CIS�countries,�particularly�in�Russia,�to�carry�out� searches�of�bone�marrow�donors�in�international�registries�and�to�advance�professional�development�of�local� paediatric�oncologists�and�scientists.�

All�grant�applications�are�made�by�the�sister�Charity’s�team�of�managers�and�trustees,�which�includes�experts�and� specialists�in�child�haematology�and�oncology.�The�Trustees�pay�due�care�and�attention�to�ensure�that�the�work� considered�for�funding�delivers�public�benefit�as�per�the�Charity�Commission’s�guidance.�

Activities�and�Achievements�

Gift�of�Life,�a�charitable�foundation�driven�by�a�humanitarian�mission,�supports�children�and�young�people�in�CIS� countries�battling�cancer�and�life-threatening�blood�disorders.�Since�2011,�it�has�ensured�access�to�the�most� advanced�and�effective�treatments�and�medications�for�its�beneficiaries.�

Gift�of�Life�achieves�its�goals�through�several�key�programmes�that�include�procurement�of�certain�advanced� medications�unavailable�in�the�CIS�region,�facilitation�of�searches�for�bone�marrow�donors�through�international� registries,�provision�of�professional�development�and�educational�opportunities�for�local�oncologists,�physicians� and�scientists�specialising�in�paediatric�cancer.��

Page�5�

GIFT�OF�LIFE�

ANNUAL�REPORT�OF�THE�TRUSTEES�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

To�maximise�the�impact�of�local�expertise,�Gift�of�Life�collaborates�with�Podari�Zhizn�(Russia's�leading�childhood� cancer�charity�since�2006)�and�Podari.Life�Inc.�(a�US-based�paediatric�cancer�charity�launched�in�2015).�Together,� these�three�charitable�foundations�work�cohesively�to�offer�children�and�young�people�in�the�CIS�region�access�to� the�most�effective�cancer�treatments�and�advanced�medicines.�

.��

4. FINANCIAL�REVIEW�

Incoming�Resources��

Incoming�resources�totalled�£711,913�for�the�year�to�31�March�2025�(£519,751�for�the�year�to�31�March�2024).�

The�Charity’s�income�was�mainly�received�from�individual�voluntary�donations�and�fundraising�events�arranged�by� the�Charity�and�its�partners�and�supporters.�

The�major�fundraisers�gathered�around�800�donors�and�managed�to�raise�over�£600,000�in�donations�across�all� fundraising�activities.�The�fundraisers�included:�

A�London�premiere�of�healing�at�the�Theatre�Royal�Haymarket�in�January�2025.�

Over�800�guests�gathered�in�support�of�Gift�of�Life�to�witness�the�premiere�of�Healing,�a�compelling�play�by�Mikhail� Durnenkov,�directed�by�Elmars�Seņkovs,�and�starring�renowned�actresses�Chulpan�Khamatova�and�Yulia�Aug.�

Among�the�distinguished�guests�supporting�Gift�of�Life�on�this�remarkable�night�were�patrons�Ralph�Fiennes�and� Lyuba�Galkina,�trustees�Svetlana�London,�Elena�Lileeva,�and�Vadim�Levin,�as�well�as�many�long-time�supporters�and� friends�of�the�charity.�

Thanks�to�ticket�sales,�donations,�and�an�exclusive�charity�auction,�the�evening�raised�an�astounding�£600,000,� ensuring�that�children�under�Gift�of�Life’s�care�can�access�the�most�modern�and�effective�medications�and�lifesaving�treatments�they�desperately�need.�

Two�charity�event�screenings�of�Master�and�Margarita�in�April�and�May�2024�

During�Spring�2024,�Gift�of�Life�hosted�two�special�screenings�of�Master�and�Margarita�at�the�Curzon�Mayfair�and� Genesis�Cinema.�The�sold-out�screenings�were�well�received,�producing�over�£24,000�in�ticket�revenue�and� encouraging�a�further�£10,000�in�donations�from�supporters.�

A�charity�dinner�at�Zima�restaurant�in�October�2024�

Gift�of�Life�and�Zima�Restaurant�co-hosted�a�charity�dinner�with�the�charity’s�long-term�supporter�Chulpan� Khamatova.�The�restaurant�kindly�supported�the�initiative�by�donating�all�net�income�from�the�evening.�The� fundraising�results�exceeded�£11,000.�

Page�6�

GIFT�OF�LIFE�

ANNUAL�REPORT�OF�THE�TRUSTEES�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

Charitable�activities��

Charitable�activities�include�direct�charitable�expenditure�and�totalled�£772,127�for�the�year�to�31�March�2025� (£494,680 for�the�year�to�31�March�2024).�The�expenditure�primarily�related�to�grants�as�detailed�above.��

Result�of�the�year��

After�fundraising�costs,�the�charity’s�available�income�was�£657,939�(£487,823�for�the�year�to�31�March�2024)�with� the�deficit�for�the�year�being�£60,214�(£25,071�surplus�for�the�year�to�31�March�2024).�

Financial�position��

The�Trustees�consider�that�the�financial�position�of�the�Charity�as�at�the�year-end�is�satisfactory,�with�unrestricted� reserves�of�£756,265�(2024:�£816,479)�and�cash�of�£749,553�(2024:�£781,184).�������������

Going�concern�

The�Charity�is�a�UK�charitable�foundation�helping�children�and�young�people�in�need�beat�cancer�and�lifethreatening�blood�disorders.�It�has�been�providing�young�cancer�patients�from�the�CIS�countries�with�the�most� effective�medical�care�and�support�since�2011.�Its�primary�focus�is�procuring�rare�and�expensive�cancer�medications� from�EU�suppliers,�primarily�based�in�Germany.�The�Charity's�operations�rely�heavily�on�voluntary�donations.�

To�ensure�robust�financial�stability,�the�Charity�maintains�a�rigorous�approach�to�financial�management,�which� includes�the�prudent�control�of�administrative�and�operational�costs.�A�core�component�of�this�strategy�is�the� maintenance�of�a�reserve�fund�designed�to�cover�a�minimum�of�four�months�of�fixed�operating�expenses.� Furthermore,�when�planning�and�executing�physical�fundraising�events,�the�Charity�actively�seeks�sponsorships�to� effectively�offset�significant�production�expenditures.�The�overall�working�budget�is�subject�to�monthly�review�and� adjustment�to�proactively�adapt�to�economic�fluctuations�and�potential�fundraising�challenges.�

In�anticipation�of�potential�economic�downturns�and�a�possible�reduction�in�charitable�donations,�the�Charity�has� an�established�approach�to�keep�programme�expenses�under�strict�control.�Crucially,�the�approval�for�funding�each� medical�case�is�subject�to�an�individual�assessment�and�is�granted�contingent�upon�the�availability�of�funds.�

Based�on�the�current�level�of�cash�reserves�and�the�commitment�to�a�conservative�spending�approach,�the�Trustees� are�confident�that�the�Charity�will�remain�fully�operational�for�the�next�12�months.�Consequently,�the�going� concern�basis�has�been�appropriately�adopted�for�the�preparation�of�these�financial�statements.�

Reserves�Policy��

The�Charity's�current�financial�position�is�sound,�with�sufficient�resources�to�cover�all�pending�obligations�and� financial�requests.�All�unrestricted�reserves�are�considered�free�reserves�and�will�be�allocated�to�support�medical� programmes�and�administrative�and�operational�costs�of�the�Charity.�

To�ensure�financial�stability,�the�Trustees�are�committed�to�maintaining�a�minimum�reserve�of�£35,000�to�cover� overhead�costs�for�four�months�in�the�upcoming�year.�The�reserves�policy�has�been�met�in�the�current�and�prior� year,�with�closing�reserves�totalling�£756,265�(2024:�£816,479);�being�well�above�target.�Additionally,�the�Trustees� aim�to�secure�sponsorships�to�cover�the�initial�expenses�of�upcoming�fundraising�events.�Any�projected�deficit�will� be�addressed�through�these�reserves.�

Page�7�

GIFT�OF�LIFE�

ANNUAL�REPORT�OF�THE�TRUSTEES�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

Policies�and�regulations�

The�Trustees�are�committed�to�complying�with�relevant�legal�and�regulatory�requirements,�including�those�related� to�fundraising�and�the�charitable�objectives�outlined�in�the�Articles�of�Association.�An�amended�version�of�the� Articles�of�Association�was�implemented�in�May�2024�and�is�publicly�available�on�the�Companies�House�portal.�

The�Trustees�and�management�team�adhere�to�guidance�from�the�Charity�Commission�and�maintain�essential� policies,�such�as�those�related�to�Anti-Money�Laundering,�Sanctions,�Due�Diligence,�Anti-Bribery,�and�AntiCorruption.�The�Trustees�maintain�a�rigorous�approach�to�regulatory�compliance,�particularly�concerning�UK� financial�sanctions.�In�situations�where�ambiguity�arises,�the�Charity�engages�extensive�legal�advice�to�safeguard� against�any�potential�infringements.�This�commitment�is�supported�by�strong�internal�control�measures�designed� to�mitigate�risk�and�uphold�the�Charity's�operational�integrity.�

Furthermore,�the�Charity�ensures�that�its�employees�and�Trustees�are�compliant�with�the�General�Data�Protection� Regulation�(GDPR)�and�follow�the�principles�of�the�Code�of�Fundraising�Practice.�

5. PLANS�FOR�THE�FUTURE

The�Trustees�confirm�their�intention�to�maintain�the�Charity's�current�objectives�and�core�activities.�To�maximise� the�Charity's�impact�and�extend�the�benefit�to�a�greater�number�of�children�affected�by�cancer,�the�Charity�will� consider�strategic�collaborations.�This�may�involve�partnering�with�trusted�international�non-profit�organisations� and�reputable�clinics�specialising�in�oncology�and/or�paediatric�medicine�within�the�CIS�region�and�other�relevant� territories.�All�such�partnerships�will�be�pursued�only�when�they�fully�align�with�the�Charity's�core�mission�and� strategic�objectives.�

In�the�financial�year�ending�31�March�2025,�the�Charity�successfully�secured�sufficient�funding�to�sustain�its� programme�work.�The�primary�goal�for�the�upcoming�year�is�therefore�focused�on�sustaining�charitable�income�and� uninterrupted�continuation�of�the�programme�work�for�the�benefit�of�affected�children�and�the�wider�public.�To� achieve�this,�the�Charity�will�actively�seek�to�engage�both�existing�supporters�and�cultivate�new�relationships�to� advance�our�mission�of�helping�children�beat�cancer.

Approved�by�the�Trustees�on� 19th December 2025

and�signed�on�their�behalf�by�

……………………………………………….�

Simon�Jennings�

Page�8�

GIFT�OF�LIFE�

INDEPENDENT�EXAMINERS’�REPORT�TO�THE�TRUSTEES�OF�GIFT�OF�LIFE�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

I�report�to�the�trustees�on�my�examination�of�the�accounts�of�Gift�of�Life�for�the�year�ended�31�March�2025,�which� comprise�the�Statement�of�Financial�Activities,�the�Balance�Sheet,�the�Cash�Flow�Statement�and�the�notes�to�the� accounts,�including�a�summary�of�significant�accounting�policies,�which�are�set�out�on�pages�12�to�18.�

Responsibilities�and�basis�of�report

As�the�trustees�of�the�Charitable�Company�(and�also�the�directors�for�the�purposes�of�Company�Law),�you�are� responsible�for�the�preparation�of�the�accounts�in�accordance�with�the�requirements�of�the�Companies�Act�2006�(‘the� Act’).���

Having�satisfied�myself�that�the�accounts�of�the�Charitable�Company�are�not�required�to�be�audited�under�Part�16�of�the� Act�and�are�eligible�for�independent�examination,�I�report�in�respect�of�my�examination�of�the�Charity’s�accounts� carried�out�under�section�145�of�the�Charities�Act�2011�(‘the�Charities�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�Charities�Act.�

Independent�examiner's�statement�

Since�the�Charitable�Company’s�gross�income�is�in�excess�of�£250,000,�your�examiner�must�be�a�member�of�a�body� listed�in�section�145�of�the�Charities�Act.�I�confirm�that�I�am�qualified�to�undertake�the�examination�because�I�am�a� member�of�The�Institute�of�Chartered�Accountants�in�England�&�Wales,�which�is�one�of�the�listed�bodies.�

I�have�completed�my�examination.�I�confirm�that�no�material�matters�have�come�to�my�attention�in�connection�with�the� examination�giving�me�cause�to�believe�that�in�any�material�respect:��

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.��

David�Owens�FCA�

Hawsons�Chartered�Accountants Jubilee�House� 32�Duncan�Close� Moulton�Park� Northampton� NN3�6WL�

19th December 2025

Page�9�

GIFT�OF�LIFE�

STATEMENT�OF�FINANCIAL�ACTIVITIES�

(INCLUDING�INCOME�AND�EXPENDITURE�ACCOUNT)�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

Page Unrestricted Restricted Total Total
Funds Funds Funds Funds
31March 31March 31March 31March
2025 2025 2025 2024
INCOMEFROM: £ £ £ £
Donationsandlegacies(note2) 13 711,913 - 711,913 519,751
____ ____ ____ ____
Totalincome 711,913 - 711,913 519,751
____ ____ ____ ____
EXPENDITUREON:
Costofraisingfunds(note3) 14 (53,974) - (53,974) (31,928)
Charitableactivities(note4) 14 (718,153) - (718,153) (462,752)
____ ____ ____ ____
Totalexpenditure (772,127) - (772,127) (494,680)
____ ____ ____ ____
Net(expenditure)/income (60,214) - (60,214) 25,071
Netmovementinfunds (60,214) - (60,214) 25,071
Reconciliationoffunds:
Totalfundsbroughtforward 17 816,479 - 816,479 791,408
____ ____ ____ ____
Totalfundscarriedforward(note13) 17 756,265 - 756,265 816,479
____ ____ ____ ____

All�of�the�above�results�are�derived�from�continuing�activities.�

The�Statement�of�Financial�Activities�includes�all�gains�and�losses�recognised�in�the�year.��

The�notes�on�12-18�form�part�of�these�financial�statements.��

Comparatives�for�the�statement�of�financial�activities�are�included�in�note�12.

Page�10�

GIFT�OF�LIFE�

STATEMENT�OF�FINANCIAL�POSITION�

FOR�THE�YEAR�ENDED�31�MARCH�2025�

Page Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
31March 31March 31March 31March 31March 31March
2025 2025 2025 2024 2024 2024
CURRENTASSETS: £ £ £ £ £ £
Debtors(note9) 16 15,000 - 15,000 45,594 - 45,594
Cashatbank 16 749,553 - 749,553 781,184 - 781,184
(note10)
____ ____ ____ ____ ____ ____
Totalcurrentassets 764,553 - 764,553 826,778 - 826,778
____ ____ ____ ____ ____ ____
LIABILITIES:
Creditors:Amounts 16 (8,288) - (8,288) (10,299) - (10,299)
fallingduewithin
oneyear(note11)
____ ____ ____ ____ ____ ____
Totalnetassets 756,265 - 756,265 816,479 - 816,479
____ ____ ____ ____ ____ ____
Thefundsofthe
charity:
Funds(note14) 18 756,265 - 756,265 816,479 - 816,479
____ ____ ____ ____ ____ ____

For�the�financial�year�in�question�the�company�was�entitled�to�exemption�under�section�477�of�the�Companies�Act�2006� relating�to�small�companies.�

No�members�have�required�the�company�to�obtain�an�audit�of�its�accounts�for�the�year�in�question�in�accordance�with� section�476�of�the�Companies�Act�2006.�

The�directors�acknowledge�their�responsibility�for�complying�with�the�requirements�of�the�Act�with�respect�to�accounting� records�and�for�the�preparation�of�the�accounts.�

These�accounts�have�been�prepared�in�accordance�with�the�provisions�applicable�to�companies�subject�to�the�small� companies’�regime.�

The�financial�statements�were�approved�and�authorised�for�issue�by�the�Board�and�were�signed�on�its�behalf�by:�

……………………………………………….�

Simon�Jennings�

19th December 2025

The�notes�on�pages�12-18�form�part�of�these�financial�statements.�

Page�11�

GIFT�OF�LIFE�

STATEMENT�OF�CASHFLOWS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

2025 2024
£ £
CASHFLOWSFROMOPERATINGACTIVITIES:
Netmovementinfundsfortheyear (60,214) 25,071
____ ____
OPERATINGSURPLUS (60,214) 25,071
ADJUSTMENTSFOR:
Movementsindebtors 30,594 (15,810)
Movementsincreditors (2,011) 5,494
____ ____
NETCASHFLOWSFROMOPERATINGACTIVITIES (31,631) 14,755
____ ____
CHANGEINCASHFORTHEYEAR (31,631) 14,755
____ ____
RECONCILIATIONOFNETCASHFLOWTOMOVEMENTINNETFUNDS
Netcashresourcesat1April 781,184 766,429
____ ____
CASHAT31MARCH 749,553 781,184
____ ____
CASHCONSISTSOF:
Cashatbank 749,553 781,184
____ ____

The�notes�on�pages�12-18�form�part�of�these�financial�statements.

Page�12�

GIFT�OF�LIFE�

NOTES�TO�THE�FINANCIAL�STATEMENTS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

1. ACCOUNTING�POLICIES��

Legal�status�of�the�trust��

Gift�of�Life�(“the�Charity”)�is�a�registered�charity�(charity�number�1140638)�and�a�company�limited�by�guarantee.�

In�the�event�of�the�Charity�being�wound�up,�the�liability�in�respect�of�the�guarantee�is�limited�to�£1�per�member�of�the� Charity.�

The�address�of�the�registered�office�is�given�in�the�charity�information�on�page�1�of�these�financial�statements.��

Basis�of�Preparation�

The�charity�constitutes�a�public�benefit�entity�as�defined�by�FRS�102.�The�financial�statements�have�been�prepared�in� accordance�with�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�2016)�–�(Charities�SORP�FRS�102)�and�the�Financial�Reporting�Standard�applicable� in�the�UK�and�Republic�of�Ireland�(FRS�102)�and�the�Companies�Act�2006.�

The�presentational�currency�of�these�financial�statements�is�Pound�Sterling.�

The�financial�statements�are�prepared�under�the�historical�cost�convention,�modified�to�include�certain�items�at�fair� value�with�the�following�significant�accounting�policies�applied.���

Income�recognition�

Voluntary�donations�are�recognised�when�the�charity�has�entitlement�to�the�income,�any�conditions�attached�to�the� income�have�been�met,�it�is�probable�that�the�income�will�be�received�and�the�amount�can�be�measured�reliably.��

Income�from�Gift�Aid�is�recognised�when�the�charity�has�an�entitlement�to�the�gift,�receipt�is�probable,�and�the�amount� can�be�measured�reliably.�

Expenditure�recognition��

All�expenditure�is�included�on�an�accruals�basis�and�is�recognised�when�there�is�a�legal�or�constructive�obligation� committing�the�Trustees�to�the�expenditure.�It�is�categorised�under�the�following�headings:��

Support�costs�allocation�

Support�costs�are�those�that�assist�the�work�of�the�charity�but�do�not�directly�represent�charitable�activities�and� include�office�costs,�governance�costs,�administrative�and�payroll�costs.�They�are�incurred�directly�in�support�of� expenditure�on�the�objects�of�the�charity.�They�are�allocated�based�on�the�estimated�staff�time�spent�on�each�activity.�

Page�13�

GIFT�OF�LIFE�

NOTES�TO�THE�FINANCIAL�STATEMENTS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

1. ACCOUNTING�POLICIES�(continued)

Foreign�currency��

Assets�and�liabilities�denominated�in�foreign�currencies�are�translated�at�the�rate�of�exchange�ruling�at�the�Balance� Sheet�date.�Transactions�denominated�in�foreign�currencies�are�converted�at�the�rate�of�exchange�ruling�at�the�date�of� the�transaction.�All�transaction�differences�are�taken�to�the�statement�of�financial�activities�as�they�arise.��

Taxation�and�irrecoverable�VAT�

The�Charity�is�not�subject�to�tax�on�its�income,�provided�that�all�surplus�funds�are�used�for�charitable�purposes.� Accordingly,�no�provision�is�made�for�taxation.�

Irrecoverable�VAT�is�charged�against�the�category�of�resources�expended�for�which�it�was�incurred.��

Basic�financial�instruments�

Debtors�and�creditors�with�no�stated�interest�rate�and�receivable�or�payable�within�one�year�are�recorded�at� transaction�price.�Any�losses�arising�from�impairment�are�recognised�in�expenditure.��

Provisions��

Provisions�are�recognised�when�the�charity�has�an�obligation�at�the�balance�sheet�date�as�a�result�of�a�past�event,�it�is� probable�that�an�outflow�of�economic�benefits�will�be�required�in�settlement�and�the�amount�can�be�reliably� estimated.���

Judgements�and�key�sources�of�estimation�uncertainty�

In�preparing�the�financial�statements,�the�Trustees�have�considered�how�best�to�apply�the�Charity’s�accounting�policies� and�make�estimates�in�the�preparation�of�the�financial�statements,�where�relevant.�The�Trustees�have�not�made�any� significant�estimates�in�these�financial�statements�other�than�provisions�for�doubtful�debts�as�appropriate.�

2. DONATIONS�AND�LEGACIES�

DONATIONSANDLEGACIES
Unrestricted
Funds31
March
2025
£
Generaldonations
696,913
Giftaid
15,000
____
711,913
Restricted
Funds
31March
2025
£
-
-
____
-
Total
Funds
31March
2025

£
696,913
15,000
____
711,913
nrestricted
Funds31
March
2024
£
474,491
45,260
____
519,751
Restricted
Funds
31March
2024
£
-
-
____
-
Total
Funds
31March
2024
£
474,491
45,260
____
519,751

Page�14�

GIFT�OF�LIFE�

NOTES�TO�THE�FINANCIAL�STATEMENTS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

3. COST�OF�RAISING�FUNDS��

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
31March 31March 31March 31March 31March 31March
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Galaandeventcosts (48,346) - (48,346) (797) - (797)
Travelcosts (3,624) - (3,624) (26,566) - (26,566)
Marketingcosts (2,004) - (2,004) (4,565) - (4,565)
____ ____ ____ ____ ____ ____
(53,974) - (53,974) (31,928) - (31,928)
____ ____ ____ ____ ____ ____

4. CHARITABLE�ACTIVITIES��

4.CHARITABLEACTIVITIES
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
31March 31March 31March 31March 31March 31March
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Grantsandgeneraldonationspaid (635,550) - (635,550) (382,979) - (382,979)
duringtheperiod
____ ____ ____ ____ ____ ____
(635,550) - (635,550) (382,979) - (382,979)
Supportcostsattributableto (82,603) - (82,603) (79,773) - (79,773)
charitableactivities(note5)
____ ____ ____ ____ ____ ____
(718,153) - (718,153) (462,752) - (462,752)
____ ____ ____ ____ ____ ____

Page�15�

GIFT�OF�LIFE�

NOTES�TO�THE�FINANCIAL�STATEMENTS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

5. SUPPORT�COSTS�

Unrestricted
Funds
31March
2025

£
Staffsalary
(42,962)
Bankcharges&
commissions
(15,644)
IndependentExaminer
Fees
(5,100)
Accountancyfees
(3,445)
Professionalfees
(4,572)
Othersupportcosts
(10,880)
_
(82,603)
_
Apportionedasfollows:
Grantmakingactivities
(82,603)
_
(82,603)
_
Restricted
Funds
31March
2025
Total
Funds
31March
2025
Unrestricted
Funds
31March
2024
Restricted
Funds
31March
2024
Total
Funds
31March
2024
£
£
£
£
£
-
(42,962)
(39,302)
-
(39,302)
-
(15,644)
(12,065)
-
(12,065)
-
(5,100)
(5,820)
-
(5,820)
-
(3,445)
(1,788)
-
(1,788)
-
(4,572)
(1,572)
-
(1,572)
-
(10,880)
(19,226)
-
(19,226)
_
_
_
_
_
-
(82,603)
(79,773)
-
(79,773)
_
_
_
_
_
-
(82,603)
(79,773)
-
(79,773)
_
_
_
_
_
-
(82,603)
(79,773)
-
(79,773)
_
_
_
_
_
Restricted
Funds
31March
2025
Total
Funds
31March
2025
Unrestricted
Funds
31March
2024
Restricted
Funds
31March
2024
Total
Funds
31March
2024
£
£
£
£
£
-
(42,962)
(39,302)
-
(39,302)
-
(15,644)
(12,065)
-
(12,065)
-
(5,100)
(5,820)
-
(5,820)
-
(3,445)
(1,788)
-
(1,788)
-
(4,572)
(1,572)
-
(1,572)
-
(10,880)
(19,226)
-
(19,226)
_
_
_
_
_
-
(82,603)
(79,773)
-
(79,773)
_
_
_
_
_
-
(82,603)
(79,773)
-
(79,773)
_
_
_
_
_
-
(82,603)
(79,773)
-
(79,773)
_
_
_
_
_
____
(79,773)
_
(79,773)
_
(79,773)
____

6. EMPLOYEES��

The�average�monthly�number�of�employees,�including�directors,�during�the�year�was�5�(2024:�5).��

No�employees�had�employee�benefits�in�excess�of�£60,000�(2024:�none).�

7. TRUSTEES�&�MANAGEMENT

Trustees�received�no�remuneration�(2024:�£nil).�

Expenses�reimbursed�to�the�trustees�during�the�year�amounting�to�£16,230�(2024:�£1,972).��

Page�16�

GIFT�OF�LIFE�

NOTES�TO�THE�FINANCIAL�STATEMENTS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

8. GOVERNANCE�COSTS

Support�costs�include�governance�costs�of�£52,361�(2024:�£46,910),�comprising�staff�costs�of�£42,961� (2024:�£39,302),�independent�examiner’s�fees�(including�VAT)�of�£5,110�(2024:�£5,820)�and�accountant’s� fees�of�£3,290�(2024:�£1,788).��

9. DEBTORS�

Unrestricted
Funds
31March
2025

£
Giftaidreclaim
15,000
Prepayments
-
____
15,000
Restricted
Funds
31March
2025
£
-
-
____
-
Total
Funds
31March
2025
U
£
15,000
-
____
15,000
nrestricted
Funds
31March
2024

£
45,594
-
____
45,594
Restricted
Funds
31March
2024
£
-
-
____
-
Total
Funds
31March
2024
£
45,594
-
____
45,594

10. CASH�AT�BANK��

Unrestricted
Funds
31March
2025

£
Emerald
731,722
PayPal&Stripe
17,831
____
749,553
Restricted
Funds
31March
2025
£
-
-
____
-
Total
Funds
31March
2025
U
£
731,722
17,831
____
749,553
nrestricted
Funds
31March
2024

£
753,912
27,272
____
781,184
Restricted
Funds
31March
2024
£
-
-
____
-
Total
Funds
31March
2024
£
753,912
27,272
____
781,184

11. CREDITORS�–�amounts�falling�due�within�one�year�

Unrestricted
Funds
31March
2025

£
Supportcosts
(3,188)
Independent
examination
(5,100)
____
(8,288)
Restricted
Funds
31March
2025
£
-
-
____
-
Total
Funds
31March
2025
U
£
(3,188)
(5,100)
____
(8,288)
nrestricted
Funds
31March
2024

£
(5,449)
(4,850)
____
(10,299)
Restricted
Funds
31March
2024
£
-
-
____
-

Total
Funds
31March
2024
£
(5,449)
(4,850)
____
(10,299)

Page�17�

GIFT�OF�LIFE�

NOTES�TO�THE�FINANCIAL�STATEMENTS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

12. SOFA�Comparatives�

SOFAComparatives
Unrestricted Restricted Total
Funds Funds Funds
31March 31March 31March
2024 2024 2024
INCOMEFROM: £ £ £
Donationsandlegacies 519,751 - 519,751
____ ____ ____
Totalincome 519,751 - 519,751
____ ____ ____
EXPENDITUREON:
Costofraisingfunds (31,928) - (31,928)
Charitableactivities (462,752) - (462,752)
____ ____ ____
Totalexpenditure (494,680) - (494,680)
____ ____ ____
Netincome 25,071 - 25,071
Netmovementinfunds 25,071 - 25,071
Reconciliationoffunds:
Totalfundsbroughtforward 791,408 - 791,408
____ ____ ____
Totalfundscarriedforward 816,479 - 816,479
____ ____ ____

13. ALLOCATION�OF�NET�ASSETS�

Unrestricted
Funds
31March
2025

£
Debtors
15,000
Cashatbank
749,553
Currentliabilities
(8,288)
____
756,265
Restricted
Funds
31March
2025
£
-
-
-
____
-
Total
Funds
31March
2025
U
£
15,000
749,553
(8,288)
____
756,265
nrestricted
Funds
31March
2024

£
45,594
781,184
(10,299)
____
816,479
Restricted
Funds
31March
2024
£
-
-
-
____
-
Total
Funds
31March
2024
£
45,594
781,184
(10,299)
____
816,479

Page�18�

GIFT�OF�LIFE�

NOTES�TO�THE�FINANCIAL�STATEMENTS� FOR�THE�YEAR�ENDED�31�MARCH�2025�

14. FUNDS�

Restricted�funds�relate�to�a�donation,�where�the�donor�has�specified�the�money�is�to�be�used�for�Gift�of�Life� Educational�Purposes�or�to�provide�medical�assistance�to�a�certain�individual.

At1April Income Expenditure At31March
2024 2025
Restrictedfunds £ £ £ £
Restrictedfund - - - -
Unrestrictedfunds
Unrestrictedfunds 816,479 711,913 (772,127) 756,265
____ ____ ____ ____
Totalfunds 816,479 711,913 (772,127) 756,265
____ ____ ____ ____

15. RELATED�PARTY�TRANSACTIONS��

Details�of�trustee�and�management�expenses�and�remuneration�are�given�in�note�7.��

The�charity�received�unconditional�donations�from�Trustees�related�parties�during�the�year�amounting�to�£37,159� (2024:�£69,858).�

16. ULTIMATE�CONTROLLING�PARTY��

The�ultimate�controlling�party�is�the�Chairman�of�the�Board�of�Trustees�and�Directors,�Simon�Paul�Jennings,�who�acts�in�an� executive�capacity.�